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CH'S REAL EXPERTISE AND

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CORE IS CREDIT NOT EQUITIES.

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>> THAT DOESN'T MEAN HE DOESN'T

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HAVE SMART PEOPLE THERE.

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>> I WANT TO ECHO THE BREAKDOWN

6
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IN THE CORRELATION.

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YOU SHOULD SEE THE SAME

8
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BREAKDOWN BETWEEN OIL AND OUR

9
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STOCK MARKET BECAUSE THAT'S

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POSITIVE FOR CONSUMERS.

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>> HE'S KIND OF SMART TOO, HE

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MADE THE GOOD CALL ON APPLE TOO,

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RIGHT?

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>> BRILLIANT INVESTOR.

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>> HAVE A GREAT WEEKEND.
"POWER LUNCH" STARTS NOW.

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>>> SCOTT, GENTLEMEN, THANK YOU

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VERY MUCH.

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WELCOME, EVERYBODY, TO "POWER

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LUNCH."
WITH MELISSA LEE MICHELLE

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CARUSO-CABRERA, BACK TODAY,

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BRIAN SULLIVAN I'M TYLER

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MATHISEN.
TWO BIG THINGS HAPPENING, CHRIS

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CHRISTIE, NEW JERSEY'S GOVERNOR

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ENDORSING DONALD TRUMP AS A NEW

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WAR OF WORDS IS BREAKING OUT IN

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THE REPUBLICAN PARTY.

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IT WAS A SLAP FEST LAST NIGHT ON

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STAGE IN HOUSTON.

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MEANTIME, RIGHT NOW, APPLE

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HOLDING ITS ANNUAL SHAREHOLDER

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MEETING IN CUPERTINO.

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LOOK AT THE STOCK.

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IT IS UP A LITTLE BIT, A THIRD

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OF 1%.

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IT HAS BEEN SLIDING AS THE

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COMPANY HAS BEEN DEALING AMONG

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OTHER THINGS WITH THE FBI PHONE

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BACK DOOR ISSUE.

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THE DEENCRYPTION FIGHT THEY'RE

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HAVING.

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WE'LL TALK TO A SENATOR, WELL

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VERSED IN TELECOMMUNICATIONS

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WHO IS TRYING TO FIND A

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COMPROMISE ON THAT.

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WE'LL GET ALL THE LATEST FROM

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THAT SHAREHOLDER MEETING OUT IN

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CALIFORNIA.

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WE BEGIN MELISSA, WITH OIL.

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>> YES.

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OF COURSE CRUDE OIL CONTINUING

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ITS VOLATILE MOVES IN THE MARKET

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TODAY, TRADING HIGHER NOW AS

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TALKS OF A PRODUCTION CUT ARE

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STILL IN THE WORKS BETWEEN BOTH

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OPEC AND NONOPEC COUNTRIES.

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I SPOKE EXCLUSIVELY WITH THE

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NIGERIAN OIL MINISTER EMANUEL

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KUCHUKU WHO SAID NOT ONLY IS A

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PRODUCTION FREEZE IN THE WORKS,

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BUT THE SAUDIS ARE LEAFING THE INGLEADING

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THE

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EFFORT TO PUSH THROUGH THE

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FREEZE.
>> WE'RE WORKING THE ISSUE.

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THE MINISTER FOR ENERGY IN

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QATAR, WHO IS OPEC PRESIDENT,

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WHO TOOK OVER FOR ME IS LEADING

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THAT.
THAT IS A LOT OF CONVERSATION

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GOING ON AND A LOT OF CONSENSUS

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BUILT IN ON THE ISSUE OF FREEZE

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IN SAUDI ARABIA AND RUSSIA ALL

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ALIGNED ON THIS.

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AND I THINK RIGHT NOW OUR EFFORT

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IS TO GET EVERYBODY ALIGNED ON

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THE FREEZE.
>> HE WENT ON TO SAY THE FREEZE

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WOULD BE THE PRECURSOR TO

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POTENTIAL PRODUCTION CUT.

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LET'S BRING IN NOW JOHN KILDOF

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OF AGAIN CAPITAL AND CNBC

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CONTRIBUTOR.
JOHN, WHAT DO YOU MAKE OF THE

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COMMENTS?

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>> I THINK IT COULD BE TRUE.

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I THINK IT WAS DONE BECAUSE OF

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THE PLEADINGS OF THE VENEZUELANS

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FOR SURE AND IT IS NOTHING IF

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NOT CLEVER MELISSA, BY THE

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SAUDIS TO DO THIS.

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NOT ONLY DO THEY KNOW EVERYONE'S

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TRYING TO PUMP AS MUCH AS THEY

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CAN AND THEY ARE, BUT ALSO IT

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SORT OF FORCED IRAN'S FULL

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RE-ENTRY INTO THE MARKET IF

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THEY'RE STUCK HAVING TO STAY AT

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JANUARY'S LEVELS.

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IT KIND OF -- IT IS A CLEVER

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MOVE BY THEM.

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>> I THOUGHT HIS COMMENTS WERE

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FASCINATING, GIVEN WHAT WE HEARD

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FROM IRAN CALLING A PRODUCTION

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FREEZE A JOKE ESSENTIALLY, AND

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WHAT WE HEARD FROM ALI AL NIEMI,

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HE'S WILLING TO SEE $20 A

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BARREL.
I ASKED ABOUT THOSE COMMENTS

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BECAUSE THAT SEEMED TO TAKE A

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FREEZE OFF THE TABLE.

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HE SAID I CAN'T SPEAK FOR THEM

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BUT I JUST TALKED TO THE SAUDIS.

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WHAT IS HAPPENING HERE?

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BECAUSE THE MARKET IS TRYING TO

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DECIPHER EVERY SINGLE COMMENT

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BEING MADE IN THE MARKETPLACE.

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>> AND THEY'RE GETTING REWARDED

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FOR WHAT IS BEING SEEN AS AN AIR

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OF COOPERATION.
A FIRST STEP.

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BUT THIS IS CLASSIC DOUBLE SPEAK

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FROM OPEC IN TERMS OF WANTING TO

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COOPERATE, LETTING THE MARKET

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DECIDE THE PRICE.

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AND LET THE -- AS YOU HEARD

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NIEMI SAY EARLIER THIS WEEK AS

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WELL, THAT IT IS THE PROBLEM FOR

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THE HIGHER COST PRODUCERS, NOT

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SAUDI ARABIA RIGHT NOW.

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THEY HAVE TO CUT, NOT US.

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HE DOESN'T TRUST ANYONE ELSE TO

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CUT EITHER.

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SO, AGAIN, THIS IS A LOT OF

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HOPEFUL TALK.

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NIGERIA, PROBABLY THE SECOND

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MOST BATTERED OPEC MEMBER NATION

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IN THIS WHOLE RUNDOWN IN CRUDE

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OIL PRICES.

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THEY CAN'T EVEN SELL THEIR OIL.

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>> WE HAVE TO BE CLEAR, THOUGH,

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JOHN, WE SAID OPEC PRODUCTION

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CUT LIKE IT IS A THING.

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IT IS RARE.

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RIGHT?

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THEY DID IT --

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>> HOLD ON ONE SECOND.

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TO
TO DONALD TRUMP WHO IS SPEAKING

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NOW IN THE WAKE OF CHRIS

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CHRISTIE ENDORSING HIM.

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HOLD ON.

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>> WHAT CHANGED THE --

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>> HOW DID YOU KNOW I WAS

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TALKING TO MR. TRUMP?

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BY THE WAY -- LISTEN, I THINK

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YOU WATCH THE ACT SENATOR RUBIO

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HAS BEEN PUTTING ON OVER THE

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LAST FEW WEEKS.

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HE'S GONE NOW AND PART OF HIS

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TALKING POINTS ARE TO TRY TO BE

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ENTERTAIN AND SMILE A LOT.

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LISTEN, IT IS ONE ACT AFTER

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ANOTHER.
WE DON'T NEED ANY MORE

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WASHINGTON, D.C. ACTS.
THE ACTS I WANTED TO GET RID OF

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ARE WASHINGTON, D.C. ACTS.

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AS A GOVERNOR FROM A STATE

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CAPITAL, I SAID WE DON'T NEED

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SOMEBODY FROM WASHINGTON, D.C.

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WHAT I MOST CONSISTENTLY SAID

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DURING THAT CAMPAIGN WAS THE

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PROBLEM IS WASHINGTON, D.C. AND

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WE DON'T NEED WASHINGTON, D.C.

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POLITICIANS TO COME IN AND FIX

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IT.

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AND SO WHEN YOU LOOK AT WHO IS

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REMAINING ON THAT STAGE, THERE

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IS NO QUESTION THAT THIS IS THE

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PERSON WHO WILL GO TO

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WASHINGTON, D.C., AND BE ABLE TO

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ABSOLUTELY TURN THE PLACE

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AROUND.

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WE DON'T NEED ANYMORE WASHINGTON

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POLITICIANS, ESPECIALLY SOME WHO

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ONLY HAVE BEEN THERE FOR ONE

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TERM AND NEVER REALLY SHOWN UP

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FOR WORK TO TELL US HOW TO RUN

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THE UNITED STATES GOVERNMENT.

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AND SO I ABSOLUTELY BELIEVE THAT

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DONALD TRUMP IS THE BEST PERSON

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ON THAT STAGE TO BE PRESIDENT OF

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THE UNITED STATES.

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ONONE LAST THING, BY THE WAY,

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THERE WAS A PERIOD OF WAY I WAS

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RUNNING AGAINST HIM.

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HE KNEW WHEN I WAS RUNNING

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AGAINST HIM I WANTED TO BEAT HIM

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AND HE WANTED TO BEAT ME.

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WE HAD OPEN CONVERSATIONS ABOUT

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THAT.
THAT PART OF THIS IS OVER AND

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THEN YOU HAVE TO SAY TO YOURSELF

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AS A GOOD LOYAL, AMERICAN WHO

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IS BEST PERSON TO STOP HILLARY

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CLINTON FROM EVER GETTING INSIDE

196
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THE WHITE HOUSE AGAIN?

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THIS IS THE BEST PERSON TO DO

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THAT.
TURN AWAY FROM THE AMATEUR ACTS

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FROM WASHINGTON, D.C. AND TURN

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TO A PROFESSIONAL STRONG LEADER

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THAT'S WHO THIS MAN IS.

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>> YOU DID SAY HOW -- YOU ASKED

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HOW IS HE GOING TO DO THIS.

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>> YES.

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>>.
[ INAUDIBLE ]

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>> -- FURTHERMOREIRMLY VETTED IN THE

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ESTABLISHMENT --

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[ INAUDIBLE ]
>> NO WHAT MY INTENT FOR BEING

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HERE TODAY IS TO SAY TO ANYONE

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WILLING TO LISTEN NOT JUST

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MEMBERS OF THE RGA OR DONORS

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BUT TO THE AMERICAN PEOPLE YOU

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NEED A STRONG TOUGH LEADER TO

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RESTORE AMERICA'S GREATNESS.

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00:06:13,000 --> 00:06:14,000
AND THIS IS THE BEST PERSON TO

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00:06:14,000 --> 00:06:15,000
DO THAT.

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00:06:15,000 --> 00:06:16,000
AND SO WHATEVER MESSAGE ANYBODY

218
00:06:16,000 --> 00:06:18,000
ELSE WANTS TO TAKE FROM THAT

219
00:06:18,000 --> 00:06:19,000
THEY CAN TAKE WHATEVER MESSAGE

220
00:06:19,000 --> 00:06:21,000
THEY LIKE.
MOST OF THE TIME YOU KNOW THAT

221
00:06:21,000 --> 00:06:22,000
PEOPLE DO BEST WITH ME.

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IF THEY DON'T TRY TO FIGURE OUT

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WHAT THE MESSAGE IS THEY JUST

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LISTEN.

225
00:06:25,000 --> 00:06:26,000
THEY LISTEN TO WHAT I SAY.

226
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I DON'T SEND SMOKE SIGNALS.

227
00:06:28,000 --> 00:06:29,000
WHAT I'M DOING TODAY IS

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ENDORSING THE PERSON I BELIEVE

229
00:06:31,000 --> 00:06:33,000
IS THE BEST PERSON TO DEFEAT

230
00:06:33,000 --> 00:06:35,000
HILLARY CLINTON AND RESTORE

231
00:06:35,000 --> 00:06:37,000
AMERICAN JOBS RESTORE AMERICAN

232
00:06:37,000 --> 00:06:39,000
PRESTIGE AROUND THE WORLD, AND

233
00:06:39,000 --> 00:06:41,000
RESTORE THE FAITH AND CONFIDENCE

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00:06:41,000 --> 00:06:42,000
OF THE AMERICAN PEOPLE AGAIN IN

235
00:06:42,000 --> 00:06:43,000
THE FACT THAT WE ARE AN

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00:06:43,000 --> 00:06:48,000
EXCEPTIONAL AND GREAT NATION.

237
00:06:48,000 --> 00:06:50,000
MITT ROMNEY TO DONALD TRUMP,

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00:06:50,000 --> 00:06:55,000
THEY'RE VERY DIFFERENT FELLOWS.

239
00:06:58,000 --> 00:06:59,000
[ INAUDIBLE ]

240
00:06:59,000 --> 00:07:01,000
>> POLLS ARE ALL OVER THE PLACE.

241
00:07:01,000 --> 00:07:04,000
>> I THINK WE HAVE A GREAT SHOT.

242
00:07:04,000 --> 00:07:05,000
I THINK THAT PEOPLE ARE LIKING

243
00:07:05,000 --> 00:07:06,000
ME A LOT.

244
00:07:06,000 --> 00:07:07,000
I KNOW A LOT ABOUT TEXAS.

245
00:07:07,000 --> 00:07:09,000
I HAVE MANY FRIENDS IN TEXAS.

246
00:07:09,000 --> 00:07:10,000
MANY, MANY FRIENDS.

247
00:07:10,000 --> 00:07:12,000
I'M HERE A LOT.
I THINK WE HAVE A REALLY GOOD

248
00:07:12,000 --> 00:07:13,000
CHANCE.
IF YOU LOOK AT SOUTH CAROLINA,

249
00:07:13,000 --> 00:07:16,000
THAT WAS SUPPOSED TO BE CRUZ'S

250
00:07:16,000 --> 00:07:17,000
STRONGHOLD, HIS STRONGHOLD.

251
00:07:17,000 --> 00:07:20,000
HE WAS GOING TO WIN THAT EASILY

252
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AND I WON BY 22 POINTS WON IN A

253
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LANDSLIDE, WON EVANGELICALS, WON

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MILITARY WON THE VETS I WON

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00:07:26,000 --> 00:07:27,000
EVERYTHING.

256
00:07:27,000 --> 00:07:30,000
I WON MEN, I WON WOMEN, I WON

257
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HISPANICS, I WON EVERY SINGLE

258
00:07:32,000 --> 00:07:33,000
CATEGORY.

259
00:07:33,000 --> 00:07:36,000
SAME THING IN NEVADA.
WE CAME IN, WE WON EVERY

260
00:07:36,000 --> 00:07:38,000
CATEGORY INCLUDING, BY THE WAY,

261
00:07:38,000 --> 00:07:41,000
HISPANICS.
SO, YOU KNOW IT WAS SUPPOSED TO

262
00:07:41,000 --> 00:07:42,000
BE A STRONGHOLD.

263
00:07:42,000 --> 00:07:43,000
HE WAS SUPPOSED TO DO GREAT

264
00:07:43,000 --> 00:07:44,000
THERE.
HE LOST BY A LOT.

265
00:07:44,000 --> 00:07:45,000
I THINK I SHOULD HAVE A REALLY

266
00:07:45,000 --> 00:07:47,000
GOOD CHANCE OF TEXAS.

267
00:07:47,000 --> 00:07:49,000
I SEE THE BLOOMBERG POLL CAME

268
00:07:49,000 --> 00:07:50,000
OUT AND IT IS MASSIVE LEADS IN

269
00:07:50,000 --> 00:07:51,000
EVERY STATE.

270
00:07:51,000 --> 00:07:54,000
WE'RE DOING VERY WELL IN TEXAS.

271
00:07:54,000 --> 00:07:56,000
THE EMERSON POLL CAME OUT, WE'RE

272
00:07:56,000 --> 00:07:57,000
TIED OR EFFECTIVELY TIED.

273
00:07:57,000 --> 00:08:00,000
I THINK WE'LL DO VERY WELL HERE.

274
00:08:00,000 --> 00:08:01,000
WE'LL BE HERE.
I'M HERE NOW.

275
00:08:01,000 --> 00:08:02,000
I WOULD LOVE TO GET TEXAS

276
00:08:02,000 --> 00:08:03,000
BECAUSE OF MY RELATIONSHIP TO

277
00:08:03,000 --> 00:08:06,000
TEXAS, SO MANY FRIENDS, OKAY.

278
00:08:06,000 --> 00:08:11,000
MARK.

279
00:08:12,000 --> 00:08:13,000
[ INAUDIBLE ]

280
00:08:13,000 --> 00:08:14,000
>> WELL, HE'S DESPERATE.

281
00:08:14,000 --> 00:08:16,000
LOOK, LOOK, I WATCHED A PART OF

282
00:08:16,000 --> 00:08:17,000
HIS LITTLE ACT AND HE'S A

283
00:08:17,000 --> 00:08:18,000
DESPERATE GUY.

284
00:08:18,000 --> 00:08:20,000
I'VE BEEN WATCHING HIM OVER THE

285
00:08:20,000 --> 00:08:22,000
LAST NUMBER OF -- HE IS NOT

286
00:08:22,000 --> 00:08:23,000
PRESIDENTIAL MATERIAL THAT I CAN

287
00:08:23,000 --> 00:08:27,000
TELL YOU.
DOESN'T HAVE THE DEMEANOR.

288
00:08:27,000 --> 00:08:29,000
HE IS A NERVOUS NELLY.

289
00:08:29,000 --> 00:08:30,000
WATCH HIM BACKSTAGE.

290
00:08:30,000 --> 00:08:31,000
HE'S A MESS.

291
00:08:31,000 --> 00:08:32,000
THE GUY IS A TOTAL MESS.

292
00:08:32,000 --> 00:08:35,000
AND, YOU KNOW, I JOKED RECENTLY

293
00:08:35,000 --> 00:08:37,000
ABOUT CAN YOU IMAGINE PUTIN

294
00:08:37,000 --> 00:08:38,000
SITTING THERE WAITING FOR A

295
00:08:38,000 --> 00:08:39,000
MEETING AND RUBIO WALKS IN AND

296
00:08:39,000 --> 00:08:42,000
HE'S TOTALLY DRENCHED.

297
00:08:42,000 --> 00:08:44,000
I DON'T KNOW WHAT IT IS.
BUT I'VE NEVER SEEN A HUMAN

298
00:08:44,000 --> 00:08:45,000
BEING SWEAT LIKE THIS MAN

299
00:08:45,000 --> 00:08:46,000
SWEATS.

300
00:08:46,000 --> 00:08:47,000
DON'T THINK HE'S PRESIDENTIAL.

301
00:08:47,000 --> 00:08:48,000
I DON'T THINK HE'S PRESIDENTIAL

302
00:08:48,000 --> 00:08:50,000
CALIBER.
I DON'T THINK HE HAS THE

303
00:08:50,000 --> 00:08:51,000
DEMEANOR.

304
00:08:51,000 --> 00:08:52,000
I DON'T THINK HE'S GOING TO DO

305
00:08:52,000 --> 00:08:54,000
VERY WELL AND HE'S A MESS

306
00:08:54,000 --> 00:08:57,000
BECAUSE IN FLORIDA, WHICH HE

307
00:08:57,000 --> 00:08:58,000
ABANDONED, BY THE WAY.

308
00:08:58,000 --> 00:08:59,000
I LOVE FLORIDA.

309
00:08:59,000 --> 00:09:02,000
I'VE INVESTED HUNDREDS OF

310
00:09:02,000 --> 00:09:04,000
MILLIONS OF DOLLARS.
I OWN DORAL.

311
00:09:04,000 --> 00:09:07,000
I OWN MANY CLUBS, INCLUDING

312
00:09:07,000 --> 00:09:09,000
MAR A LAGO.

313
00:09:09,000 --> 00:09:10,000
I OWN MANY.

314
00:09:10,000 --> 00:09:11,000
A LOT OF REAL ESTATE ALONG THE

315
00:09:11,000 --> 00:09:15,000
SHORE IN MIAMI THAT WORKED  OUT

316
00:09:15,000 --> 00:09:17,000
WELL WITH THE DESERS.

317
00:09:17,000 --> 00:09:21,000
I'M A MAJOR INVESTOR IN MIAMI,

318
00:09:21,000 --> 00:09:22,000
ONE OF THE BIGGEST.
FRANKLY THE PEOPLE IN FLORIDA

319
00:09:22,000 --> 00:09:23,000
LIKE ME.

320
00:09:23,000 --> 00:09:24,000
BUT FOR ME TO GO INTO FLORIDA

321
00:09:24,000 --> 00:09:27,000
AND HAVE LIKE A 20-POINT LEAD

322
00:09:27,000 --> 00:09:30,000
OVER THE SITTING SENATOR, BUT,

323
00:09:30,000 --> 00:09:32,000
REMEMBER, THE SENATOR ABANDONED

324
00:09:32,000 --> 00:09:33,000
FLORIDA.
HE LEFT FLORIDA.

325
00:09:33,000 --> 00:09:34,000
HE WAS SUPPOSED TO BE THERE --

326
00:09:34,000 --> 00:09:35,000
HE DEFRAUDED.

327
00:09:35,000 --> 00:09:37,000
IF YOU THINK ABOUT IT HE

328
00:09:37,000 --> 00:09:38,000
DEFRAUDED FLORIDA, THE PEOPLE OF

329
00:09:38,000 --> 00:09:40,000
FLORIDA, THEY ELECTED HIM AS A

330
00:09:40,000 --> 00:09:42,000
YOUNG SENATOR.
HE GOES THERE AND BEFORE HE SITS

331
00:09:42,000 --> 00:09:46,000
DOWN, HE STARTS RUNNING FOR

332
00:09:46,000 --> 00:09:51,000
PRESIDENT.

333
00:10:11,000 --> 00:10:14,000
I DON'T THINK HE HAS THE RIGHT

334
00:10:14,000 --> 00:10:16,000
TEMPERAMENT.
I WATCHED CHRIS DO A NUMBER ON

335
00:10:16,000 --> 00:10:17,000
HIM.
I ALMOST NEVER SEEN A MELTDOWN

336
00:10:17,000 --> 00:10:18,000
LIKE THAT IN MY LIFE.

337
00:10:18,000 --> 00:10:20,000
AND IT IS INTERESTING ABOUT

338
00:10:20,000 --> 00:10:23,000
PEOPLE WHO CHOKE.

339
00:10:23,000 --> 00:10:26,000
I WATCHED PEOPLE CHOKE OVER THE

340
00:10:26,000 --> 00:10:28,000
YEARS.
AND ONCE A CHOKER ALWAYS A

341
00:10:28,000 --> 00:10:29,000
CHOKER.

342
00:10:29,000 --> 00:10:30,000
IT NEVER, EVER CHANGES.

343
00:10:30,000 --> 00:10:32,000
THE GUY THAT MISSES THE KICK

344
00:10:32,000 --> 00:10:33,000
MISSES THE KICK.

345
00:10:33,000 --> 00:10:35,000
WHEN HE MISSES THE FIRST ONE,

346
00:10:35,000 --> 00:10:36,000
YOU GOT TO GET RID OF HIM

347
00:10:36,000 --> 00:10:37,000
BECAUSE IT DOESN'T WORK.

348
00:10:37,000 --> 00:10:39,000
ONCE A CHOKER ALWAYS A CHOKER.

349
00:10:39,000 --> 00:10:41,000
AND THAT WAS ONE OF THE EPIC

350
00:10:41,000 --> 00:10:42,000
MELTDOWNS.

351
00:10:42,000 --> 00:10:43,000
HE DIDN'T KNOW WHERE HE WAS.

352
00:10:43,000 --> 00:10:45,000
I THOUGHT HE WAS GOING TO -- I

353
00:10:45,000 --> 00:10:46,000
THOUGHT HE WAS GOING TO DIE.

354
00:10:46,000 --> 00:10:48,000
GOOD GOING, CHRIS.

355
00:10:48,000 --> 00:10:53,000
>> MR. TRUMP, MR. TRUMP --

356
00:10:53,000 --> 00:10:54,000
>> I DON'T WANT TO DISCUSS THAT

357
00:10:54,000 --> 00:10:56,000
BUT HE GOT THE TALENT.

358
00:10:56,000 --> 00:10:57,000
WE DIDN'T TALK ABOUT IT.

359
00:10:57,000 --> 00:10:59,000
WE ACTUALLY DID NOT EVEN TALK

360
00:10:59,000 --> 00:11:01,000
ABOUT IT.
BUT HE CERTAINLY HAS A LOT OF

361
00:11:01,000 --> 00:11:02,000
TALENT.
YES, KATIE.

362
00:11:02,000 --> 00:11:04,000
>> MR. TRUMP, THE IRS SAID THERE

363
00:11:04,000 --> 00:11:07,000
IS NOTHING PRECLUDING YOU IN ITS

364
00:11:07,000 --> 00:11:09,000
RULES FROM RELEASING YOUR

365
00:11:09,000 --> 00:11:10,000
TAXES --
>> LET ME TELL YOU SOMETHING.

366
00:11:10,000 --> 00:11:11,000
LET ME TELL YOU SOMETHING.

367
00:11:11,000 --> 00:11:12,000
WE TALK ABOUT ESTABLISHMENT AND

368
00:11:12,000 --> 00:11:13,000
ALL.

369
00:11:13,000 --> 00:11:15,000
I THINK IT IS VERY UNFAIR THAT

370
00:11:15,000 --> 00:11:17,000
FOR MANY MANY YEARS I'VE BEEN

371
00:11:17,000 --> 00:11:20,000
AUDITED.
I HAVE MANY, MANY FRIENDS THAT

372
00:11:20,000 --> 00:11:21,000
ARE VERY RICH PEOPLE AND THEY

373
00:11:21,000 --> 00:11:22,000
NEVER -- THEY HAVE NEVER BEEN

374
00:11:22,000 --> 00:11:23,000
AUDITED.

375
00:11:23,000 --> 00:11:24,000
I WAS WITH SOMEBODY THE OTHER

376
00:11:24,000 --> 00:11:26,000
DAY, VERY RICH GUY, I SAID HOW

377
00:11:26,000 --> 00:11:29,000
OFTEN ARE YOU AUDITED?

378
00:11:29,000 --> 00:11:30,000
HE SAID, AUDITED?
HE DIDN'T KNOW WHAT I WAS

379
00:11:30,000 --> 00:11:31,000
TALKING ABOUT.

380
00:11:31,000 --> 00:11:33,000
I HAVE MANY MANY RICH FRIENDS,

381
00:11:33,000 --> 00:11:35,000
ALMOST ALL OF THEM AND THEY'RE

382
00:11:35,000 --> 00:11:36,000
NEVER AUDITED.

383
00:11:36,000 --> 00:11:38,000
WHY AM I AUDITED EVERY SINGLE

384
00:11:38,000 --> 00:11:39,000
YEAR?
SO I'M GOING TO PUT YOU PEOPLE

385
00:11:39,000 --> 00:11:40,000
TO REST.

386
00:11:40,000 --> 00:11:43,000
UNTIL MY AUDIT IS FINISHED VERY

387
00:11:43,000 --> 00:11:44,000
SIMPLE, YOU'RE NOT GOING TO SEE

388
00:11:44,000 --> 00:11:48,000
ANYTHING.
WHEN IT IS FINISHED YOU'RE

389
00:11:48,000 --> 00:11:50,000
GOING TO SEE IT.
I'M NOTING GOING TO COMPLICATE

390
00:11:50,000 --> 00:11:52,000
THINGS BY DOING THIS.
WHY IS IT THAT EVERY SINGLE

391
00:11:52,000 --> 00:11:55,000
YEAR -- I'M TALKING ABOUT BEYOND

392
00:11:55,000 --> 00:11:56,000
BARACK OBAMA BUT EVERY YEAR

393
00:11:56,000 --> 00:11:58,000
DURING HIS TERM ALSO EVERY

394
00:11:58,000 --> 00:12:00,000
SINGLE YEAR I'M AUDITED.

395
00:12:00,000 --> 00:12:01,000
NOT FAIR.

396
00:12:01,000 --> 00:12:03,000
>> WHY WOULD YOU NOT APPEASE

397
00:12:03,000 --> 00:12:04,000
THEM AND RELEASE A --

398
00:12:04,000 --> 00:12:05,000
>> I CAN'T TELL YOU WHY.

399
00:12:05,000 --> 00:12:07,000
>> WHY WOULD YOU NOT --

400
00:12:07,000 --> 00:12:09,000
>> I CAN'T TELL YOU WHY.

401
00:12:09,000 --> 00:12:10,000
ALL I CAN SAY IS MANY MANY

402
00:12:10,000 --> 00:12:11,000
PEOPLE I KNOW THAT ARE VERY

403
00:12:11,000 --> 00:12:13,000
VERY WEALTHY ARE NOT AUDITED.

404
00:12:13,000 --> 00:12:18,000
>> WHAT ABOUT RELEASING A PAST

405
00:12:20,000 --> 00:12:25,000
RETURN?
[ INAUDIBLE ]

406
00:12:25,000 --> 00:12:28,000
>> YEAH.
>> -- SERIES OF BUSINESS

407
00:12:28,000 --> 00:12:31,000
DISASTERS --
>> WHICH IS -- WHICH IS TOTALLY

408
00:12:31,000 --> 00:12:32,000
WRONG.
TOTALLY WRONG.

409
00:12:32,000 --> 00:12:34,000
HE ALSO SAID I GOT $200 MILLION

410
00:12:34,000 --> 00:12:36,000
FROM MY FATHER.
I WISH.

411
00:12:36,000 --> 00:12:37,000
I WISH.

412
00:12:37,000 --> 00:12:40,000
I GOT A VERY VERY SMALL LOAN

413
00:12:40,000 --> 00:12:42,000
FROM MY FATHER MANY YEARS AGO.

414
00:12:42,000 --> 00:12:44,000
I BUILT THAT INTO A MASSIVE

415
00:12:44,000 --> 00:12:49,000
EMPIRE.
AND I PAID MY FATHER BACK THAT

416
00:12:49,000 --> 00:12:53,000
LOAN.
AND, BIT WAY, IY THE WAY, MY FATHER

417
00:12:53,000 --> 00:12:55,000
LEFT
ME SOME MONEY, NOTHING LIKE THE

418
00:12:55,000 --> 00:12:56,000
NUMBERS YOU HEARD BUT BY THAT

419
00:12:56,000 --> 00:12:58,000
TIME, IT WAS MANY MANY YEARS

420
00:12:58,000 --> 00:13:00,000
LATER WHEN MY FATHER PASSED

421
00:13:00,000 --> 00:13:01,000
AWAY.
MY FATHER, MORE THAN ANYTHING

422
00:13:01,000 --> 00:13:03,000
ELSE, I LEARNED A LOT FROM MY

423
00:13:03,000 --> 00:13:04,000
FATHER.

424
00:13:04,000 --> 00:13:06,000
BUT FOR THIS GUY, THIS

425
00:13:06,000 --> 00:13:08,000
LIGHTWEIGHT, I CALL HIM A

426
00:13:08,000 --> 00:13:09,000
LIGHTWEIGHT, TO SAY $200

427
00:13:09,000 --> 00:13:10,000
MILLION, IN FACT THE FIRST CALL

428
00:13:10,000 --> 00:13:13,000
I GOT LAST NIGHT WAS FROM MY

429
00:13:13,000 --> 00:13:15,000
SISTER, AND THEN A CALL FROM MY

430
00:13:15,000 --> 00:13:17,000
BROTHER, AND THEY SAID WOW, HOW

431
00:13:17,000 --> 00:13:18,000
DOES HE SAY THAT?

432
00:13:18,000 --> 00:13:19,000
THAT'S NOT TRUE.

433
00:13:19,000 --> 00:13:20,000
THEY UNDERSTAND.

434
00:13:20,000 --> 00:13:22,000
WE HAVE FIVE IN THE FAMILY.

435
00:13:22,000 --> 00:13:24,000
AND THEY SAY, SO IN OTHER WORDS,

436
00:13:24,000 --> 00:13:27,000
ANYTHING ALSO WOULD BE SPLIT UP.

437
00:13:27,000 --> 00:13:30,000
BUT SHE CALLED SHE SAID IS

438
00:13:30,000 --> 00:13:31,000
THAT UNTRUE.

439
00:13:31,000 --> 00:13:32,000
AND IT IS A SHAME.

440
00:13:32,000 --> 00:13:33,000
I'LL TELL YOU WHERE THEY GOT IT

441
00:13:33,000 --> 00:13:35,000
THE NEW YORK TIMES WROTE -- I

442
00:13:35,000 --> 00:13:36,000
CALL IT THE FAILING NEW YORK

443
00:13:36,000 --> 00:13:38,000
TIMES BECAUSE IT IS A TOTALLY

444
00:13:38,000 --> 00:13:40,000
FAILING PAPER WITH SOME REALLY

445
00:13:40,000 --> 00:13:41,000
INACCURATE REPORTING.

446
00:13:41,000 --> 00:13:44,000
AND PURPOSEFULLY INACCURATE.

447
00:13:44,000 --> 00:13:45,000
THEY GO OUT OF THEIR WAY.

448
00:13:45,000 --> 00:13:46,000
IF YOU TRY TO MAKE A CORRECTION

449
00:13:46,000 --> 00:13:47,000
PRIOR TO THE STORY, THEY DON'T

450
00:13:47,000 --> 00:13:48,000
WANT TO DO IT.

451
00:13:48,000 --> 00:13:50,000
THEY MADE A STATEMENT ABOUT IT.

452
00:13:50,000 --> 00:13:51,000
I DON'T KNOW WHERE THEY GOT IT.

453
00:13:51,000 --> 00:13:53,000
I WOULD TELL YOU THE NUMBER IS

454
00:13:53,000 --> 00:13:55,000
WRONG BY A FACTOR HUNDREDS OF --

455
00:13:55,000 --> 00:13:56,000
BY A FORTUNE.

456
00:13:56,000 --> 00:13:59,000
I GOT A SMALL LOAN STARTED A

457
00:13:59,000 --> 00:14:00,000
BUSINESS AND IT IS NOW WORTH

458
00:14:00,000 --> 00:14:02,000
BILLIONS AND BILLIONS AND

459
00:14:02,000 --> 00:14:04,000
BILLIONS OF DOLLARS.
AND IF I EVER WANTED TO SELL THE

460
00:14:04,000 --> 00:14:07,000
ASSETS I HAVE TRUMP TOWER, THE

461
00:14:07,000 --> 00:14:09,000
BANK OF AMERICA BUILDING IN SAN

462
00:14:09,000 --> 00:14:11,000
FRANCISCO, BIG CHUNK, 1290

463
00:14:11,000 --> 00:14:12,000
AVENUE OF THE AMERICAS SOME OF

464
00:14:12,000 --> 00:14:14,000
THE BEST LAND IN THE COUNTRY,

465
00:14:14,000 --> 00:14:16,000
DORAL COUNTRY CLUB TURNBERRY IN

466
00:14:16,000 --> 00:14:19,000
SCOTLAND, HOME OF THE OPEN

467
00:14:19,000 --> 00:14:21,000
CHAMPIONSHIP, REFERRED TO AS THE

468
00:14:21,000 --> 00:14:23,000
BRITISH OPEN, MY -- MY PROPERTY

469
00:14:23,000 --> 00:14:25,000
WOULD SELL FOR NUMBERS LIKE

470
00:14:25,000 --> 00:14:28,000
NOBODY WOULD BELIEVE.
I HAVE I THINK, AMONG THE BEST

471
00:14:28,000 --> 00:14:30,000
PROPERTIES ANYWHERE IN THE

472
00:14:30,000 --> 00:14:31,000
WORLD.

473
00:14:31,000 --> 00:14:32,000
I JUST THINK IT IS REALLY UNFAIR

474
00:14:32,000 --> 00:14:34,000
WHEN A GUY SAYS MY FATHER GAVE

475
00:14:34,000 --> 00:14:37,000
ME $200 MILLION, IF YOU KNEW

476
00:14:37,000 --> 00:14:39,000
BROOKLYN, OKAY IN THE 19 --

477
00:14:39,000 --> 00:14:41,000
EARLY 1980s, YOU UNDERSTAND

478
00:14:41,000 --> 00:14:43,000
THIS, CHRIS.

479
00:14:43,000 --> 00:14:46,000
IF YOU KNEW BARAK LYNNROOKLYN IN THE

480
00:14:46,000 --> 00:14:48,000
1980s AND 1970s, IT WASN'T $200

481
00:14:48,000 --> 00:14:49,000
MILLION, I CAN TELL YOU.

482
00:14:49,000 --> 00:14:51,000
I DO HAVE BROTHERS AND SISTERS.

483
00:14:51,000 --> 00:14:52,000
BUT FIRST CALL I GOT WAS FROM MY

484
00:14:52,000 --> 00:14:55,000
SISTER AND THEN A CALL FROM MY

485
00:14:55,000 --> 00:14:56,000
BROTHER.
LATE AT NIGHT.

486
00:14:56,000 --> 00:14:58,000
AND ALL HE WANTED TO DO IS SAY,

487
00:14:58,000 --> 00:15:00,000
WHY ARE THEY ALLOWED TO SAY

488
00:15:00,000 --> 00:15:01,000
THAT?
BECAUSE HE'S A LIAR.

489
00:15:01,000 --> 00:15:03,000
THIS GUY IS A LIAR.

490
00:15:03,000 --> 00:15:05,000
USED TO CALL TED CRUZ A LIE, BUT

491
00:15:05,000 --> 00:15:07,000
NOW I'LL ALSO CALL MARCO

492
00:15:07,000 --> 00:15:08,000
RUBIO -- HE MENTIONED SOME

493
00:15:08,000 --> 00:15:09,000
COMPANIES AND SOME OF THOSE

494
00:15:09,000 --> 00:15:11,000
COMPANIES ARE VERY SUCCESSFUL

495
00:15:11,000 --> 00:15:12,000
COMPANIES.
HE SAID THEY CLOSED.

496
00:15:12,000 --> 00:15:14,000
I SOLD SOME.

497
00:15:14,000 --> 00:15:17,000
FOR INSTANCE, I SOLD MISS

498
00:15:17,000 --> 00:15:19,000
UNIVERSE FOR A LOT OF MONEY.
GOT A LOT OF MONEY FOR IT.

499
00:15:19,000 --> 00:15:20,000
I SOLD OTHERS AND THE WATER

500
00:15:20,000 --> 00:15:22,000
COMPANY HE MENTIONS HE MENTIONS

501
00:15:22,000 --> 00:15:25,000
THE WINE COMPANY, I HAVE THE

502
00:15:25,000 --> 00:15:27,000
BIGGEST VINEYARD ON THE EAST

503
00:15:27,000 --> 00:15:29,000
COAST.
THAT'S HAVING TO DO WITH -- I

504
00:15:29,000 --> 00:15:30,000
MAKE VODKA ALL FROM MY CLUBS.

505
00:15:30,000 --> 00:15:32,000
I HAVE MANY CLUBS.

506
00:15:32,000 --> 00:15:33,000
WE MAKE VODKA FOR THE CLUBS.

507
00:15:33,000 --> 00:15:35,000
HE SAID IT WAS CLOSED.

508
00:15:35,000 --> 00:15:40,000
IT IS NOT CLOSED.

509
00:15:40,000 --> 00:15:44,000
>> GO AHEAD.

510
00:15:44,000 --> 00:15:45,000
GO AHEAD.

511
00:15:45,000 --> 00:15:47,000
>> IF YOU WANT TO BECOME THE

512
00:15:47,000 --> 00:15:48,000
NOMINEE --
>> I WOULD THINK ABOUT IT.

513
00:15:48,000 --> 00:15:50,000
BUT, LOOK IF FOR SOME REASON IT

514
00:15:50,000 --> 00:15:51,000
DIDN'T WORK OUT FOR ME CHRIS

515
00:15:51,000 --> 00:15:52,000
WOULD UNDERSTAND THIS I'M GOING

516
00:15:52,000 --> 00:15:54,000
BACK TO WHAT I DO.

517
00:15:54,000 --> 00:15:55,000
I DON'T NEED TO DO THIS.

518
00:15:55,000 --> 00:15:57,000
THIS IS SOMETHING I'M DOING

519
00:15:57,000 --> 00:15:59,000
BECAUSE WE ARE GOING TO MAKE

520
00:15:59,000 --> 00:16:01,000
AMERICA GREAT AGAIN.
AND POLITICIANS ARE NOT GOING TO

521
00:16:01,000 --> 00:16:02,000
DO THAT.

522
00:16:02,000 --> 00:16:03,000
THESE POLITICIANS AND I KNOW THE

523
00:16:03,000 --> 00:16:05,000
PEOPLE ON THE STAGE, THEY'RE NOT

524
00:16:05,000 --> 00:16:06,000
GOING TO DO IT.

525
00:16:06,000 --> 00:16:07,000
MARCO RUBIO IS A LIGHTWEIGHT.

526
00:16:07,000 --> 00:16:09,000
HE DOESN'T HAVE THE TALENT.

527
00:16:09,000 --> 00:16:10,000
HE DOESN'T HAVE THE TEMPERAMENT,

528
00:16:10,000 --> 00:16:12,000
HE CAN NEVER MAKE US GREAT.

529
00:16:12,000 --> 00:16:14,000
>> I HAVE A QUESTION FOR

530
00:16:14,000 --> 00:16:15,000
GOVERNOR CHRISTIE.

531
00:16:15,000 --> 00:16:16,000
>> DO YOU KNOW IF YOU CAN WRITE

532
00:16:16,000 --> 00:16:19,000
OFF THE MONEY YOU WERE USING FOR

533
00:16:19,000 --> 00:16:20,000
YOUR CAMPAIGN?

534
00:16:20,000 --> 00:16:22,000
CAN YOU WRITE THAT OFF IN.

535
00:16:22,000 --> 00:16:24,000
>> GOVERNOR CHRISTIE CAN I ASK

536
00:16:24,000 --> 00:16:25,000
YOU A QUESTION.

537
00:16:25,000 --> 00:16:30,000
YOU, AS YOU SAID, ARE A FARMEREDERAL

538
00:16:31,000 --> 00:16:32,000
FORMER PROSECUTOR.

539
00:16:32,000 --> 00:16:34,000
IS THERE A POSITION YOU WOULD BE

540
00:16:34,000 --> 00:16:35,000
INTERESTED IN, ATTORNEY GENERAL,
SOMETHING LIKE THAT?

541
00:16:35,000 --> 00:16:36,000
WOULD YOU LIKE TO BE HIS RUNNING

542
00:16:36,000 --> 00:16:37,000
MATE?

543
00:16:37,000 --> 00:16:39,000
>> I AM THE GOVERNOR OF STATE OF

544
00:16:39,000 --> 00:16:41,000
NEW JERSEY UNTIL JANUARY 19th OF

545
00:16:41,000 --> 00:16:42,000
2018 AND I HAVE EVERY

546
00:16:42,000 --> 00:16:43,000
EXPECTATION THAT I WILL FULFILL

547
00:16:43,000 --> 00:16:44,000
THE END OF MY TERM.

548
00:16:44,000 --> 00:16:45,000
AND THEN GO INTO PRIVATE LIFE

549
00:16:45,000 --> 00:16:47,000
AND MAKE MONEY LIKE TRUMP.

550
00:16:47,000 --> 00:16:48,000
THAT'S WHAT I INTEND TO DO.

551
00:16:48,000 --> 00:16:50,000
>> IF YOU WERE OFFERED A

552
00:16:50,000 --> 00:16:51,000
POSITION WOULD YOU TAKE IT?

553
00:16:51,000 --> 00:16:54,000
>> I HAVEN'T BEEN OFFERED ANY

554
00:16:54,000 --> 00:16:55,000
POSITION.
AND I DON'T SPECULATE ON THOSE

555
00:16:55,000 --> 00:16:56,000
KIND OF THINGS.

556
00:16:56,000 --> 00:16:58,000
I HAVE A TERM IN OFFICE UNTIL

557
00:16:58,000 --> 00:17:00,000
JANUARY 19th, 2018 AND I INTEND

558
00:17:00,000 --> 00:17:03,000
TO FULFILL MY TERM AND THEN LIKE

559
00:17:03,000 --> 00:17:05,000
I SAID GO OFF THE PRIVATE

560
00:17:05,000 --> 00:17:07,000
SECTOR AND FINALLY BEAT MY WIFE

561
00:17:07,000 --> 00:17:09,000
ONE YEAR IN OUR MARRIAGE WE

562
00:17:09,000 --> 00:17:10,000
HAVE BEEN MARRIED 30 YEARS IN

563
00:17:10,000 --> 00:17:12,000
MARCH, I WOULD LIKE ONE TIME

564
00:17:12,000 --> 00:17:13,000
BEFORE I DIE TO MAKE MORE MONEY

565
00:17:13,000 --> 00:17:14,000
IN A YEAR THAN SHE DID.

566
00:17:14,000 --> 00:17:16,000
SO THAT'S GOING TO BE MY GOAL

567
00:17:16,000 --> 00:17:20,000
AFTER JANUARY 19th OF 2018.

568
00:17:20,000 --> 00:17:22,000
>> THANK YOU, EVERYBODY.

569
00:17:22,000 --> 00:17:23,000
WE HAVE THOUSANDS -- I HAVE TO

570
00:17:23,000 --> 00:17:24,000
GO.

571
00:17:24,000 --> 00:17:25,000
WE HAVE THOUSANDS AND THOUSANDS

572
00:17:25,000 --> 00:17:26,000
OF PEOPLE OUTSIDE.

573
00:17:26,000 --> 00:17:28,000
YOU WILL BE VERY IMPRESSED.

574
00:17:28,000 --> 00:17:29,000
THANK YOU, ALL.

575
00:17:29,000 --> 00:17:31,000
THANK YOU VERY MUCH.

576
00:17:31,000 --> 00:17:32,000
THANK YOU.

577
00:17:32,000 --> 00:17:35,000
>> JOHN HARWOOD, WE LEARNED JUST

578
00:17:35,000 --> 00:17:38,000
NOW THAT CHRIS CHRISTIE HAS

579
00:17:38,000 --> 00:17:39,000
ENDORSED MR. TRUMP, WE ALSO

580
00:17:39,000 --> 00:17:41,000
LEARNED THAT MARCO RUBIO IS A

581
00:17:41,000 --> 00:17:42,000
LIGHTWEIGHT AND THAT MR. TRUMP

582
00:17:42,000 --> 00:17:43,000
IS AN EXCELLENT ATHLETE.

583
00:17:43,000 --> 00:17:45,000
WHAT MORE CAN YOU ADD?

584
00:17:45,000 --> 00:17:46,000
>> AMONG OTHER THINGS.

585
00:17:46,000 --> 00:17:47,000
>> AMONG OTHER THINGS.

586
00:17:47,000 --> 00:17:50,000
>> RUBIO SWEATS.
>> HE SWEATS PROFUSELY.

587
00:17:50,000 --> 00:17:53,000
>> GOT TO SAY, TYLER, THIS

588
00:17:53,000 --> 00:17:54,000
ENDORSEMENT ANNOUNCEMENT OF

589
00:17:54,000 --> 00:17:56,000
CHRIS CHRISTIE ENDORSING DONALD

590
00:17:56,000 --> 00:17:58,000
TRUMP IS A DAGGER TO THE REST OF

591
00:17:58,000 --> 00:17:59,000
THE REPUBLICAN FIELD.

592
00:17:59,000 --> 00:18:02,000
JUST AT THE MOMENT WHEN

593
00:18:02,000 --> 00:18:04,000
REPUBLICAN ESTABLISHMENT

594
00:18:04,000 --> 00:18:05,000
FIGURES, ELECTED OFFICIALS WERE

595
00:18:05,000 --> 00:18:07,000
TRYING TO RALLY THE PARTY AROUND

596
00:18:07,000 --> 00:18:10,000
MARCO RUBIO, TO GET HIM TO STOP

597
00:18:10,000 --> 00:18:12,000
DONALD TRUMP HERE YOU HAVE

598
00:18:12,000 --> 00:18:13,000
CHRIS CHRISTIE ONE OF THE

599
00:18:13,000 --> 00:18:16,000
MEMBERS OF THE SO-CALLED

600
00:18:16,000 --> 00:18:18,000
ESTABLISHMENT LANE IN THE RACE

601
00:18:18,000 --> 00:18:19,000
FORMER HEAD OF REPUBLICAN

602
00:18:19,000 --> 00:18:20,000
GOVERNOR'S ASSOCIATION, KEYNOTE

603
00:18:20,000 --> 00:18:23,000
SPEAKER AT THE LAST REPUBLICAN

604
00:18:23,000 --> 00:18:24,000
CONVENTION MAINSTREAM

605
00:18:24,000 --> 00:18:26,000
REPUBLICAN FIGURE, NOW COMING

606
00:18:26,000 --> 00:18:28,000
OUT AND GIVING HIS BLESSING TO

607
00:18:28,000 --> 00:18:31,000
DONALD TRUMP.
NOT REALLY ABOUT VOTERS BECAUSE

608
00:18:31,000 --> 00:18:32,000
CHRIS CHRISTIE DIDN'T HAVE A

609
00:18:32,000 --> 00:18:34,000
HUGE FOLLOWING AMONG VOTERS IN

610
00:18:34,000 --> 00:18:35,000
THE CAMPAIGN.

611
00:18:35,000 --> 00:18:36,000
OTHERWISE HE WOULD BE IN THE

612
00:18:36,000 --> 00:18:37,000
RACE.
IT IS ABOUT THE PSYCHOLOGY OF

613
00:18:37,000 --> 00:18:40,000
THE RACE THE SUPER TUESDAY

614
00:18:40,000 --> 00:18:42,000
CONTEST, JUST A FEW DAYS AWAY.

615
00:18:42,000 --> 00:18:43,000
DONALD TRUMP HAS A LEAD.

616
00:18:43,000 --> 00:18:45,000
HAD A VERY BRUTAL DEBATE LAST

617
00:18:45,000 --> 00:18:47,000
NIGHT IN WHICH BOTH TED CRUZ AND

618
00:18:47,000 --> 00:18:50,000
MARCO RUBIO ROUGHED UP DONALD

619
00:18:50,000 --> 00:18:51,000
TRUMP, WENT AT HIM HARD.

620
00:18:51,000 --> 00:18:54,000
THIS IS A WAY FOR DONALD TRUMP

621
00:18:54,000 --> 00:18:55,000
TO SEIZE CONTROL OF THE STORY

622
00:18:55,000 --> 00:18:59,000
LINE, TO BE ABLE TO SAY, LOOK

623
00:18:59,000 --> 00:19:01,000
THIS VERY MAINSTREAM REPUBLICAN

624
00:19:01,000 --> 00:19:02,000
FIGURE IN THE STATE OF NEW

625
00:19:02,000 --> 00:19:04,000
JERSEY A STATE THAT DEMOCRATS

626
00:19:04,000 --> 00:19:08,000
ARE LIKELY TO WIN, IS EMBRACING

627
00:19:08,000 --> 00:19:10,000
ME AND LET'S TAKE A LISTEN TO A

628
00:19:10,000 --> 00:19:13,000
LITTLE SOUND FROM THAT

629
00:19:13,000 --> 00:19:14,000
ENDORSEMENT.

630
00:19:14,000 --> 00:19:15,000
>> WHAT DOES DONALD TRUMP DO
WHEN THINGS GO WRONG?

631
00:19:15,000 --> 00:19:20,000
HE TAKES TO TWITTER.

632
00:19:20,000 --> 00:19:21,000
>> THAT ISN'T EXACTLY WHAT WE

633
00:19:21,000 --> 00:19:22,000
WERE EXPECTING.

634
00:19:22,000 --> 00:19:24,000
THAT WAS MARCO RUBIO TALKING

635
00:19:24,000 --> 00:19:25,000
ABOUT DONALD TRUMP'S TWEETS

636
00:19:25,000 --> 00:19:26,000
INSTEAD, A DIFFERENT PIECE OF

637
00:19:26,000 --> 00:19:29,000
SOUND.
LET'S LISTEN TO THAT.

638
00:19:29,000 --> 00:19:31,000
>> WHAT DOES DONALD TRUMP DO

639
00:19:31,000 --> 00:19:34,000
WHEN THINGS GO WRONG?

640
00:19:34,000 --> 00:19:36,000
HE TAKES TO TWITTER.
I HAVE HIM RIGHT HERE.

641
00:19:36,000 --> 00:19:37,000
LET'S READ SOME.

642
00:19:37,000 --> 00:19:38,000
YOU'LL HAVE FUN.

643
00:19:38,000 --> 00:19:39,000
LIGHTWEIGHT MARCO RUBIO WAS

644
00:19:39,000 --> 00:19:40,000
WORKING HARD LAST NIGHT.

645
00:19:40,000 --> 00:19:42,000
THIS IS TRUE.

646
00:19:42,000 --> 00:19:47,000
THE PROBLEM IS HE IS A CHALKER

647
00:19:50,000 --> 00:19:52,000
AND ONCE A CHALKER HE IS ALWAYS

648
00:19:52,000 --> 00:19:54,000
A CHALKER.

649
00:19:54,000 --> 00:19:55,000
CHOKER I GUESS IS WHAT HE MEANT

650
00:19:55,000 --> 00:19:57,000
TO SAY.

651
00:19:57,000 --> 00:20:02,000
HE SPELLED CHOKER C-H-A-L-K-E-R.

652
00:20:04,000 --> 00:20:06,000
>> HE WAS ON FIRE THIS MORNING

653
00:20:06,000 --> 00:20:07,000
GOING AFTER DONALD TRUMP, HAD

654
00:20:07,000 --> 00:20:08,000
THE CROWD LAUGHING, HE WAS IN

655
00:20:08,000 --> 00:20:13,000
GOOD HUMOR.

656
00:20:13,000 --> 00:20:15,000
HE KEPT A SMILE ON HIS FACE LAST

657
00:20:15,000 --> 00:20:16,000
NIGHT TOO.

658
00:20:16,000 --> 00:20:18,000
AND ENDORSEMENT FROM CHRIS

659
00:20:18,000 --> 00:20:19,000
CHRISTIE IS THE LAST THING THE

660
00:20:19,000 --> 00:20:21,000
RUBIO CAMPAIGN WANTED TO SEE AS

661
00:20:21,000 --> 00:20:23,000
WE HEAD TO SUPER TUESDAY.

662
00:20:23,000 --> 00:20:24,000
>> I WONDER IF THEY SHOULDN'T BE

663
00:20:24,000 --> 00:20:29,000
SURPRISED AT ALL.

664
00:20:29,000 --> 00:20:30,000
THE BIG WALL STREET MONEY WENT

665
00:20:30,000 --> 00:20:31,000
TO RUBIO.

666
00:20:31,000 --> 00:20:32,000
HE PROBABLY WOULD LOVE TO SHOVE

667
00:20:32,000 --> 00:20:33,000
THE DAGGER IN FOR THAT SIMPLE

668
00:20:33,000 --> 00:20:35,000
REASON.

669
00:20:35,000 --> 00:20:36,000
TWO, BACK WHEN THE ESTABLISHMENT

670
00:20:36,000 --> 00:20:37,000
THOUGHT THEY WERE IN CONTROL OF

671
00:20:37,000 --> 00:20:39,000
THIS PROCESS, THE TALK WAS THERE

672
00:20:39,000 --> 00:20:40,000
WAS GOING TO BE A WOMAN AS THE

673
00:20:40,000 --> 00:20:42,000
VP -- AS THE VP ON THE TICKET.

674
00:20:42,000 --> 00:20:43,000
NOW THAT THE ESTABLISHMENT ISN'T

675
00:20:43,000 --> 00:20:45,000
IN CONTROL, THAT VP SPOT IS WIDE

676
00:20:45,000 --> 00:20:46,000
OPEN AT THIS POINT.

677
00:20:46,000 --> 00:20:50,000
>> WELL AND WE JUST HEARD A Q&A

678
00:20:50,000 --> 00:20:52,000
FROM DONALD TRUMP AND CHRIS

679
00:20:52,000 --> 00:20:53,000
CHRISTIE, WHICH MADE IT VERY

680
00:20:53,000 --> 00:20:55,000
CLEAR THAT CHRIS CHRISTIE IS

681
00:20:55,000 --> 00:20:57,000
QUITE OPEN TO THE IDEA OF

682
00:20:57,000 --> 00:21:00,000
SERVING AS DONALD TRUMP'S VICE

683
00:21:00,000 --> 00:21:02,000
PRESIDENTIAL CANDIDATE.
IF HE WERE TO RUN ON THAT

684
00:21:02,000 --> 00:21:03,000
TICKET, THAT WOULD BE A BIG

685
00:21:03,000 --> 00:21:04,000
ASSET TO DONALD TRUMP.

686
00:21:04,000 --> 00:21:06,000
THAT WOULD BE A SIGN THAT DONALD

687
00:21:06,000 --> 00:21:07,000
TRUMP WOULD BE PLAYING TO WIN IN

688
00:21:07,000 --> 00:21:09,000
A GENERAL ELECTION STILL AN

689
00:21:09,000 --> 00:21:11,000
UPHILL FIGHT FOR HIM, IF HILLARY

690
00:21:11,000 --> 00:21:12,000
CLINTON IS THE NOMINEE, SHE

691
00:21:12,000 --> 00:21:13,000
WOULD BE FAVORED OVER DONALD

692
00:21:13,000 --> 00:21:15,000
TRUMP, BUT NO QUESTION THAT

693
00:21:15,000 --> 00:21:17,000
CHRIS CHRISTIE HIS RETAIL

694
00:21:17,000 --> 00:21:20,000
SKILLS, HIS CONNECTIONS, HIS

695
00:21:20,000 --> 00:21:21,000
BRIDGE TO THE REPUBLICAN

696
00:21:21,000 --> 00:21:23,000
MAINSTREAM WOULD BE A BIG ASSET

697
00:21:23,000 --> 00:21:25,000
FOR DONALD TRUMP IN THE NATIONAL

698
00:21:25,000 --> 00:21:27,000
CAMPAIGN.
>> JOHN, THERE IS SO MUCH GOING

699
00:21:27,000 --> 00:21:29,000
ON WITH THE SOUND BITES AND

700
00:21:29,000 --> 00:21:31,000
DEBATES THAT WE FORGET THAT

701
00:21:31,000 --> 00:21:36,000
POLITICS IS JUSTZSIDENCY IS GOING

702
00:21:36,000 --> 00:21:38,000
TO COME
DOWN TO MATH.

703
00:21:38,000 --> 00:21:39,000
THERE ARE A COUPLE OF STATES

704
00:21:39,000 --> 00:21:44,000
THAT MATTER VIRGINIA OHIO,

705
00:21:45,000 --> 00:21:46,000
FLORIDA, MAYBE PENNSYLVANIA.

706
00:21:46,000 --> 00:21:47,000
DO YOU THINK THIS CHRIS CHRISTIE

707
00:21:47,000 --> 00:21:50,000
ENDORSEMENT IS GOING TO HELP

708
00:21:50,000 --> 00:21:51,000
TRUMP IN FLORIDA, VIRGINIA,

709
00:21:51,000 --> 00:21:52,000
OHIO.
THOSE THREE STATES WILL PROBABLY

710
00:21:52,000 --> 00:21:54,000
DETERMINE WHO IS GOING TO BE

711
00:21:54,000 --> 00:21:56,000
PRESIDENT.
>> YES, I THINK IN SWING STATES

712
00:21:56,000 --> 00:21:58,000
CHRIS CHRISTIE WOULD BE A BOOST

713
00:21:58,000 --> 00:21:59,000
TO DONALD TRUMP.

714
00:21:59,000 --> 00:22:00,000
I THINK THERE IS NO QUESTION

715
00:22:00,000 --> 00:22:01,000
ABOUT THAT.

716
00:22:01,000 --> 00:22:02,000
DONALD TRUMP HAS GOT SOME BIG

717
00:22:02,000 --> 00:22:03,000
LIABILITIES THAT HE WOULD CARRY

718
00:22:03,000 --> 00:22:05,000
INTO THE GENERAL ELECTION IN

719
00:22:05,000 --> 00:22:06,000
TERMS OF THE WAY THAT HE WITH

720
00:22:06,000 --> 00:22:09,000
GALVANIZE THE DEMOCRATIC BASE

721
00:22:09,000 --> 00:22:12,000
THE STRONGLY NEGATIVE FEELINGS

722
00:22:12,000 --> 00:22:14,000
THAT NONWHITE VOTERS HAVE ABOUT

723
00:22:14,000 --> 00:22:15,000
HIM.

724
00:22:15,000 --> 00:22:17,000
HE IS WEAKER AMONG BETTER

725
00:22:17,000 --> 00:22:19,000
EDUCATED VOTERS.

726
00:22:19,000 --> 00:22:20,000
AND YOU CAN BET THAT COLLEGE

727
00:22:20,000 --> 00:22:22,000
EDUCATED SUBURBANITES WOULD BE A

728
00:22:22,000 --> 00:22:24,000
MAJOR TARGET FOR DEMOCRATIC

729
00:22:24,000 --> 00:22:26,000
CAMPAIGN AGAINST A

730
00:22:26,000 --> 00:22:27,000
TRUMP/CHRISTIE TICKET.

731
00:22:27,000 --> 00:22:29,000
BUT, NO CHRIS CHRISTIE COULD

732
00:22:29,000 --> 00:22:31,000
HELP DONALD TRUMP AND TAKE A

733
00:22:31,000 --> 00:22:32,000
CAMPAIGN THAT WOULD BE UPHILL

734
00:22:32,000 --> 00:22:33,000
FOR DONALD TRUMP AND MAKE IT A

735
00:22:33,000 --> 00:22:34,000
LITTLE BIT LESS UPHILL.

736
00:22:34,000 --> 00:22:36,000
>> LET ME BRING IN JIM HARWOOD

737
00:22:36,000 --> 00:22:37,000
AND GET YOUR THOUGHTS ON THIS

738
00:22:37,000 --> 00:22:38,000
TOO.

739
00:22:38,000 --> 00:22:39,000
I WANT TO BRING IN ROBERT FRANK

740
00:22:39,000 --> 00:22:42,000
ON THE QUESTION OF TRUMP'S TAX

741
00:22:42,000 --> 00:22:44,000
RETURNS.
HE MAINTAINED LAST NIGHT AND

742
00:22:44,000 --> 00:22:47,000
JUST NOW THAT HE WILL NOT

743
00:22:47,000 --> 00:22:50,000
RELEASE HIS TAX RETURN

744
00:22:50,000 --> 00:22:51,000
PRESUMABLY 2014 TAX RETURN UNTIL

745
00:22:51,000 --> 00:22:56,000
AN AUDIT IS FINISHED.

746
00:22:56,000 --> 00:22:58,000
THEN GOING BACK, MANY MANY

747
00:22:58,000 --> 00:22:59,000
YEARS, WHO KNOWS.

748
00:22:59,000 --> 00:23:00,000
WHY DOESN'T HE RELEASE EARLIER

749
00:23:00,000 --> 00:23:02,000
TAX RETURNS THAT ARE FINISHED

750
00:23:02,000 --> 00:23:03,000
WITH THE AUDIT?

751
00:23:03,000 --> 00:23:04,000
>> THAT'S ONE QUESTION.

752
00:23:04,000 --> 00:23:05,000
THERE IS NO REASON HE CAN'T.

753
00:23:05,000 --> 00:23:07,000
THE OTHER QUESTION IS HE CAN

754
00:23:07,000 --> 00:23:08,000
RELEASE THE 2014 RETURNS.

755
00:23:08,000 --> 00:23:10,000
IF YOU GO TO A BANK NOW AND

756
00:23:10,000 --> 00:23:11,000
APPLY FOR A MORTGAGE THEY ASK

757
00:23:11,000 --> 00:23:13,000
FOR YOUR TAX RETURNS, IF YOU'RE

758
00:23:13,000 --> 00:23:14,000
BEING AUDITED, WHICH HAPPENS

759
00:23:14,000 --> 00:23:15,000
FREQUENTLY, YOU JUST TELL THE

760
00:23:15,000 --> 00:23:17,000
BANK, IT IS PENDING AN AUDIT.

761
00:23:17,000 --> 00:23:19,000
BUT YOU RELEASE THEM TO THE

762
00:23:19,000 --> 00:23:23,000
BANK.
NO REASON WHY HE CAN'T DO THAT

763
00:23:23,000 --> 00:23:24,000
HERE.

764
00:23:24,000 --> 00:23:25,000
I'M TRUMP, I'M BEING SINGLED

765
00:23:25,000 --> 00:23:27,000
OUT, IF HE WATCHED CNBC THIS

766
00:23:27,000 --> 00:23:29,000
WEEK, HE WOULD HAVE LEARNED THAT

767
00:23:29,000 --> 00:23:30,000
ONE IN TEN MILLIONAIRES ARE

768
00:23:30,000 --> 00:23:31,000
BEING AUDITED.

769
00:23:31,000 --> 00:23:34,000
THAT'S TWICE THE RATE OF 2007.

770
00:23:34,000 --> 00:23:35,000
FOR THOSE MAKING MORE THAN 10

771
00:23:35,000 --> 00:23:37,000
MILLION, IT IS ONE IN SEVEN.

772
00:23:37,000 --> 00:23:39,000
SO HE HAS MORE AND MORE PEOPLE

773
00:23:39,000 --> 00:23:40,000
LIKE HIM AMONG THE WEALTHY THAT

774
00:23:40,000 --> 00:23:43,000
ARE BEING TARGETED, INCREASINGLY

775
00:23:43,000 --> 00:23:44,000
BY THE IRS FOR AUDIT.

776
00:23:44,000 --> 00:23:46,000
>> IT WOULD NOT BE USUAL FOR THE

777
00:23:46,000 --> 00:23:47,000
ONE IN SEVEN TO BE AUDITED EVERY

778
00:23:47,000 --> 00:23:48,000
SINGLE YEAR.

779
00:23:48,000 --> 00:23:49,000
>> I DON'T THINK SO.

780
00:23:49,000 --> 00:23:50,000
I THINK WHAT HE'S TALK ING ABOUT

781
00:23:50,000 --> 00:23:53,000
IS YOU GET AUDITED AND ASK FOR

782
00:23:53,000 --> 00:23:55,000
THREE OR FOUR YEARS BEHIND THAT.

783
00:23:55,000 --> 00:23:57,000
>> MAY BE THE DEDUCTIONS HE

784
00:23:57,000 --> 00:23:58,000
CLAIMS ARE ON HIS TAX RETURN

785
00:23:58,000 --> 00:24:01,000
THAT KICK OUT HIS TAX RETURN.

786
00:24:01,000 --> 00:24:02,000
HE SEEMED TO SUGGEST JOHN

787
00:24:02,000 --> 00:24:04,000
HARWOOD THAT IT HAD SOMETHING

788
00:24:04,000 --> 00:24:06,000
MORE TO DO WITH BEING SINGLED

789
00:24:06,000 --> 00:24:08,000
OUT FOR PERSONAL REASONS.

790
00:24:08,000 --> 00:24:09,000
>> HE SUGGESTED THAT.

791
00:24:09,000 --> 00:24:11,000
HE SAID LOTS OF STUFF, BUT YOU

792
00:24:11,000 --> 00:24:13,000
KNOW, DONALD TRUMP SAYS STUFF

793
00:24:13,000 --> 00:24:14,000
AND IT DOESN'T MATTER FIVE

794
00:24:14,000 --> 00:24:16,000
MINUTES LATER.

795
00:24:16,000 --> 00:24:18,000
HE SAID AT ONE POINT MAYBE
BECAUSE I WAS A STRONG CHRISTIAN

796
00:24:18,000 --> 00:24:19,000
AND THEN LATER IN INTERVIEW  HE

797
00:24:19,000 --> 00:24:21,000
SAID PROBABLY NOT THAT.

798
00:24:21,000 --> 00:24:22,000
MAYBE SOMETHING ELSE.

799
00:24:22,000 --> 00:24:24,000
BUT HERE IS WHY DONALD TRUMP

800
00:24:24,000 --> 00:24:26,000
DOESN'T WANT TO -- OR WON'T

801
00:24:26,000 --> 00:24:27,000
RELEASE THOSE RECORDS

802
00:24:27,000 --> 00:24:28,000
IMMEDIATELY.

803
00:24:28,000 --> 00:24:30,000
A, HE DOESN'T WANT TO.

804
00:24:30,000 --> 00:24:31,000
AND, B HE DOESN'T HAVE TO.

805
00:24:31,000 --> 00:24:33,000
THIS IS A HAIL MARY PASS COOK UP

806
00:24:33,000 --> 00:24:35,000
IN THE LAST COUPLE OF DAYS BY

807
00:24:35,000 --> 00:24:40,000
MITT ROMNEY WHO ON BEHALF OF THE

808
00:24:41,000 --> 00:24:42,000
REPUBLICAN ESTABLISHMENT DECIDED

809
00:24:42,000 --> 00:24:44,000
TO THROW OUT SOMETHING TO TRY

810
00:24:44,000 --> 00:24:46,000
TO, YOU KNOW, TRIP UP DONALD

811
00:24:46,000 --> 00:24:47,000
TRUMP.

812
00:24:47,000 --> 00:24:48,000
AND IT IS NOT LIKE HIS RIVALS

813
00:24:48,000 --> 00:24:50,000
HAVE BEEN DEMANDING THESE FOR

814
00:24:50,000 --> 00:24:52,000
MONTHS.
THIS ISSUE JUST AROSE OUT OF

815
00:24:52,000 --> 00:24:56,000
NOWHERE AND IT IS NOT A SCENARIO

816
00:24:56,000 --> 00:24:58,000
DESIGNED TO IMMEDIATELY PUT TONS

817
00:24:58,000 --> 00:24:59,000
OF PRESSURE ON HIM.

818
00:24:59,000 --> 00:25:00,000
>> AND LESS CONSEQUENTIAL NOW

819
00:25:00,000 --> 00:25:02,000
THAT THE DAGGER WAS DELIVERED BY

820
00:25:02,000 --> 00:25:03,000
CHRISTIE TO THE OTHER

821
00:25:03,000 --> 00:25:04,000
PRESIDENTIAL CANDIDATES AS YOU

822
00:25:04,000 --> 00:25:05,000
SAY, JOHN HARWOOD.

823
00:25:05,000 --> 00:25:09,000
I'M CURIOUS, THE BARN DOOR IS

824
00:25:09,000 --> 00:25:10,000
OPEN NOW FOR MORE ESTABLISHMENT

825
00:25:10,000 --> 00:25:13,000
GOP MEMBERS TO NOW ENDORSE TRUMP

826
00:25:13,000 --> 00:25:15,000
WITHOUT TOO MANY REPERCUSSIONS.

827
00:25:15,000 --> 00:25:16,000
>> ABSOLUTELY.

828
00:25:16,000 --> 00:25:21,000
AND, YOU KNOW CHRIS CHRISTIE --

829
00:25:21,000 --> 00:25:24,000
EXCUSE ME, MARK YESCO RUBIO IS THE

830
00:25:24,000 --> 00:25:26,000
DOMINANT CHOICE AMONG MAINSTREAM

831
00:25:26,000 --> 00:25:27,000
ELECTED REPUBLICAN OFFICIALS IN

832
00:25:27,000 --> 00:25:29,000
WASHINGTON AND THEY HAVE BEEN
HOLDING BACK AND NOW RALLYING

833
00:25:29,000 --> 00:25:31,000
BEHIND HIM TO TRY TO STOP TRUMP.

834
00:25:31,000 --> 00:25:33,000
TRUMP DIDN'T HAVE ANY BIG

835
00:25:33,000 --> 00:25:34,000
MAINSTREAM FIGURES LIKE THAT AND

836
00:25:34,000 --> 00:25:37,000
THE FACT YOU BREAK -- YOU BREACH

837
00:25:37,000 --> 00:25:39,000
THAT DIKE AND YOU GET ONE COMING

838
00:25:39,000 --> 00:25:41,000
IN, THE HOPE IS THAT YOU'LL GET

839
00:25:41,000 --> 00:25:43,000
OTHERS WHO SAY, HEY, I FIGURED

840
00:25:43,000 --> 00:25:44,000
IT OUT HE'S GOING TO BE THE

841
00:25:44,000 --> 00:25:46,000
NOMINEE, I'LL GO JUMP ON THAT

842
00:25:46,000 --> 00:25:47,000
TRAIN TOO.

843
00:25:47,000 --> 00:25:48,000
AND BY DOING THAT AGAIN, I'M

844
00:25:48,000 --> 00:25:50,000
TALKING ABOUT THE PSYCHOLOGY OF

845
00:25:50,000 --> 00:25:51,000
THIS, IF YOU CHANGE THE

846
00:25:51,000 --> 00:25:52,000
PSYCHOLOGY AND ALL OF A SUDDEN

847
00:25:52,000 --> 00:25:54,000
MACK A BUNCH OF PEOPLE WHO ARE

848
00:25:54,000 --> 00:25:55,000
RESISTANT TO YOU BELIEVE YOU'RE

849
00:25:55,000 --> 00:25:57,000
GOING TO BE IN POWER ANYWAY

850
00:25:57,000 --> 00:25:59,000
THEY'RE GOING TO JUST HOW THEY

851
00:25:59,000 --> 00:26:00,000
LOOK AT YOU, INTERACT WITH YOU

852
00:26:00,000 --> 00:26:01,000
AND TALK ABOUT YOU.

853
00:26:01,000 --> 00:26:03,000
>> JOHN THANK YOU VERY MUCH.

854
00:26:03,000 --> 00:26:04,000
JOHN HARWOOD IN WASHINGTON, I'M

855
00:26:04,000 --> 00:26:06,000
SURE WE'RE GOING TO REVISIT THIS

856
00:26:06,000 --> 00:26:08,000
FOR THE REST OF THE DAY.

857
00:26:08,000 --> 00:26:11,000
ROBERT FRANK, THANK YOU AS WELL.

858
00:26:11,000 --> 00:26:13,000
>>> IT IS -- LET'S NOT FORGET IT

859
00:26:13,000 --> 00:26:14,000
IS FRIDAY.

860
00:26:14,000 --> 00:26:16,000
IT MEANS IT IS RIG COUNT DAY.

861
00:26:16,000 --> 00:26:19,000
RIG COUNTS FALLING FOR A TENTH

862
00:26:19,000 --> 00:26:20,000
STRAIGHT WEEK.

863
00:26:20,000 --> 00:26:25,000
ACCORDING TO BAKER HUGHES, HEI,

864
00:26:25,000 --> 00:26:29,000
AMERICA, RIG COUNTS FELL 13 LAST

865
00:26:29,000 --> 00:26:31,000
WEEK.
BUT ANOTHER DECLINE, TENTH

866
00:26:31,000 --> 00:26:32,000
STRAIGHT WEEK OIL NOT MOVING

867
00:26:32,000 --> 00:26:33,000
THAT MUCH.

868
00:26:33,000 --> 00:26:34,000
I THINK YOUR COMMENTS FROM THE

869
00:26:34,000 --> 00:26:36,000
NIGERIAN OIL MINISTER MOVED OIL

870
00:26:36,000 --> 00:26:38,000
A LITTLE BIT.

871
00:26:38,000 --> 00:26:40,000
IT TICKED HIGHER.
>> AFTER WE RAN THE SOUND BITE.

872
00:26:40,000 --> 00:26:42,000
>> MELISSA INTERVIEWED THE

873
00:26:42,000 --> 00:26:45,000
NIGERIAN OIL MINISTER HE MADE

874
00:26:45,000 --> 00:26:48,000
COMMENTS ABOUT THE LIKELIHOOD OF

875
00:26:48,000 --> 00:26:49,000
A FREEZE.

876
00:26:49,000 --> 00:26:50,000
RIG COUNSEL

877
00:26:50,000 --> 00:26:51,000
RIG COUNTS DOWN 13.

878
00:26:51,000 --> 00:26:52,000
>> THE OVER/UNDER.

879
00:26:52,000 --> 00:26:53,000
>> JUST MISSED IT.
>> WE'LL BE RIGHT BACK.

880
00:26:53,000 --> 00:26:54,000
DON'T MOVE.

881
00:26:54,000 --> 00:26:55,000
THERE'S A LOT OF PLACES    YOU NEVER

882
00:26:55,000 --> 00:27:00,000
WANT TO SEE "$7.95."

883
00:27:00,000 --> 00:27:01,000
[ BEEP ]

884
00:27:01,000 --> 00:27:03,000
BUT YOU'LL BE GLAD    TO SEE IT HERE.

885
00:27:03,000 --> 00:27:04,000
FIDELITY -- WHERE SMARTER    INVESTORS

886
00:27:04,000 --> 00:27:08,000
WILL ALWAYS BE.

887
00:27:08,000 --> 00:27:10,000
WHERE TO GET IN...    WHERE TO GET
OUT.    IF ONLY THE SIGNS WERE

888
00:27:10,000 --> 00:27:12,000
AS OBVIOUS WHEN YOU TRADE.

889
00:27:12,000 --> 00:27:14,000
FIDELITY'S ACTIVE TRADER PRO    CAN
HELP YOU FIND

890
00:27:14,000 --> 00:27:16,000
SMARTER ENTRY AND EXIT POINTS

891
00:27:16,000 --> 00:27:18,000
AND CAN HELP PROTECT    YOUR POTENTIAL
PROFITS.

892
00:27:18,000 --> 00:27:19,000
FIDELITY -- WHERE SMARTER    INVESTORS

893
00:27:19,000 --> 00:27:24,000
WILL ALWAYS BE.

894
00:27:52,000 --> 00:27:53,000
♪ ♪    Okay, so you launched your

895
00:27:53,000 --> 00:27:55,000
bank's app.

896
00:27:55,000 --> 00:27:58,000
Now what?

897
00:27:58,000 --> 00:27:59,000
How will you keep up with    the new
demands

898
00:27:59,000 --> 00:28:00,000
of today's digital economy?

899
00:28:00,000 --> 00:28:03,000
The fact is:

900
00:28:03,000 --> 00:28:04,000
some believe they won't need    a

901
00:28:04,000 --> 00:28:06,000
traditional bank
down the road,

902
00:28:06,000 --> 00:28:07,000
so at Cognizant,

903
00:28:07,000 --> 00:28:08,000
we're helping banking

904
00:28:08,000 --> 00:28:09,000
and financial services    companies

905
00:28:09,000 --> 00:28:10,000
think digital,

906
00:28:10,000 --> 00:28:12,000
be untraditional

907
00:28:12,000 --> 00:28:13,000
and reimagine what the bank    of

908
00:28:13,000 --> 00:28:14,000
the future can be.

909
00:28:14,000 --> 00:28:17,000
Our clients can now leverage    customer
intelligence

910
00:28:17,000 --> 00:28:19,000
to predict their financial needs

911
00:28:19,000 --> 00:28:20,000
and provide more contextualized

912
00:28:20,000 --> 00:28:21,000
products and services.

913
00:28:21,000 --> 00:28:22,000
We're creating new platforms    across

914
00:28:22,000 --> 00:28:24,000
channels

915
00:28:24,000 --> 00:28:27,000
so customers can    effortlessly invest,

916
00:28:27,000 --> 00:28:29,000
borrow

917
00:28:29,000 --> 00:28:30,000
lend

918
00:28:30,000 --> 00:28:31,000
transact-wherever-whenever    they

919
00:28:31,000 --> 00:28:32,000
choose.

920
00:28:32,000 --> 00:28:35,000
And we're digitizing the way    banks
run,

921
00:28:35,000 --> 00:28:38,000
driving efficiencies and    delivering
new value

922
00:28:38,000 --> 00:28:40,000
for their customers in return.

923
00:28:40,000 --> 00:28:42,000
Digital works for banking

924
00:28:42,000 --> 00:28:43,000
and financial services.

925
00:28:43,000 --> 00:28:44,000
Lets talk about how digital    works

926
00:28:44,000 --> 00:28:45,000
for your business.

927
00:28:45,000 --> 00:28:50,000
♪ ♪

928
00:29:27,000 --> 00:29:30,000
>>> WELCOME BACK TO "POWER

929
00:29:30,000 --> 00:29:31,000
LUNCH."
MICHELLE CARUSO-CABRERA HERE.

930
00:29:31,000 --> 00:29:32,000
GOLD PRICE CLOSING NOW.

931
00:29:32,000 --> 00:29:34,000
LOWER BY $18.50.

932
00:29:34,000 --> 00:29:38,000
THAT'S A DECLINE OF 1.5%.

933
00:29:38,000 --> 00:29:40,000
12.20 PER OUNCE.

934
00:29:40,000 --> 00:29:42,000
SILVER IS LOWER TODAY BY 46.

935
00:29:42,000 --> 00:29:43,000
COPPER IS HIGHER.

936
00:29:43,000 --> 00:29:45,000
PALLADIUM AND PLATINUM IN

937
00:29:45,000 --> 00:29:47,000
NEGATIVE TERRITORY.
WE HAVE SEEN GOLD MOVE HIGHER ON

938
00:29:47,000 --> 00:29:48,000
DAYS WHEN THE STOCKS ARE LOWER

939
00:29:48,000 --> 00:29:49,000
AND JUST THE OPPOSITE AND SEEM

940
00:29:49,000 --> 00:29:54,000
TO HAVE THAT OCCURRING TODAY.

941
00:29:54,000 --> 00:29:56,000
>> BOND MARKET WITH RICK

942
00:29:56,000 --> 00:29:58,000
SANTELLI AT THE CME.

943
00:29:58,000 --> 00:30:01,000
>> EVEN THOUGH THE AUCTION WAS A

944
00:30:01,000 --> 00:30:02,000
WHILE AGO AND DELAYED FROM

945
00:30:02,000 --> 00:30:03,000
YESTERDAY, YOU SEE THE DRIFT

946
00:30:03,000 --> 00:30:04,000
HIGHER.

947
00:30:04,000 --> 00:30:05,000
REALLY NOT IMPEDED IN ANY WAY BY

948
00:30:05,000 --> 00:30:07,000
THE REALLY REALLY POOR AUCTION.

949
00:30:07,000 --> 00:30:11,000
IF YOU LOOK AT A DECEMBER 31st,

950
00:30:11,000 --> 00:30:12,000
2014 START TO TENS YOU CAN SEE

951
00:30:12,000 --> 00:30:14,000
THE TECHNICIANS IN HINDSIGHT

952
00:30:14,000 --> 00:30:15,000
WERE RIGHT.

953
00:30:15,000 --> 00:30:18,000
WE HELD THE 160s, MAKES SENSE.

954
00:30:18,000 --> 00:30:19,000
SEE THE TWO DOUBLE BOTTOMS ON

955
00:30:19,000 --> 00:30:20,000
THE CHART.

956
00:30:20,000 --> 00:30:21,000
REMEMBER TENS ARE UP TWO ON THE

957
00:30:21,000 --> 00:30:23,000
WEEK, UP FIVE ON THE DAY.

958
00:30:23,000 --> 00:30:25,000
KNOW WHO THE WINNER IS UP ON THE

959
00:30:25,000 --> 00:30:28,000
WEEK?
TWO YEARS UP SIX BEEPS ON THE

960
00:30:28,000 --> 00:30:29,000
WEEK.

961
00:30:29,000 --> 00:30:30,000
LAST CHART, THIS IS A FEBRUARY

962
00:30:30,000 --> 00:30:31,000
8th THIS YEAR START TO THE

963
00:30:31,000 --> 00:30:32,000
DOLLAR INDEX.

964
00:30:32,000 --> 00:30:34,000
THE POUND IS GETTING POUNDED.

965
00:30:34,000 --> 00:30:36,000
THE EURO HAS SLIPPED MANY

966
00:30:36,000 --> 00:30:38,000
HANDLES.
THE BENEFICIARY, OF COURSE THE

967
00:30:38,000 --> 00:30:40,000
DOLLAR INDEX, WHICH HAD QUITE A

968
00:30:40,000 --> 00:30:42,000
NICE TURN AROUND IN THE

969
00:30:42,000 --> 00:30:45,000
REMAINING DAYS OF FEBRUARY.

970
00:30:45,000 --> 00:30:50,000
MELLAS WHY LEE,ISSA LEE, BACK TO YOU.

971
00:30:51,000 --> 00:30:55,000
>> WE'LL TELL YOU WHAT CHIPOTLE

972
00:30:55,000 --> 00:30:56,000
IS DOING NOW TO GET CUSTOMERS TO

973
00:30:56,000 --> 00:30:57,000
COME BACK AND ASKING ANALYSTS IF

974
00:30:57,000 --> 00:30:58,000
THAT WILL WORK.

975
00:30:58,000 --> 00:31:03,000
THAT'S NEXT ON "POWER LUNCH."

976
00:31:03,000 --> 00:31:04,000
Thanks man.

977
00:31:04,000 --> 00:31:05,000
Imagine if the things    you bought
every day...

978
00:31:05,000 --> 00:31:06,000
...earned you miles    to get to the

979
00:31:06,000 --> 00:31:07,000
places

980
00:31:07,000 --> 00:31:09,000
you really want to go.

981
00:31:09,000 --> 00:31:11,000
With the United MileagePlus    Explorer
Card,

982
00:31:11,000 --> 00:31:14,000
you'll get a free checked bag,

983
00:31:14,000 --> 00:31:16,000
two United Club passes

984
00:31:16,000 --> 00:31:19,000
priority boarding,

985
00:31:19,000 --> 00:31:21,000
and 30,000 bonus miles.

986
00:31:21,000 --> 00:31:22,000
Everything you need for    an unforgettable

987
00:31:22,000 --> 00:31:24,000
vacation.

988
00:31:24,000 --> 00:31:25,000
The United MileagePlus    Explorer

989
00:31:25,000 --> 00:31:27,000
Card.

990
00:31:27,000 --> 00:31:32,000
Imagine where it will take you.

991
00:32:02,000 --> 00:32:03,000
SO WHAT ELSE IS NEW?    HOW'S YOUR

992
00:32:03,000 --> 00:32:04,000
MOTHER?  UMM..SHE'S DOING GOOD.

993
00:32:04,000 --> 00:32:05,000
SHE NEEDS MORE CARE THOUGH.  SHE WANTS

994
00:32:05,000 --> 00:32:07,000
TO STAY IN HER HOUSE.

995
00:32:07,000 --> 00:32:08,000
I DON'T KNOW EVEN WHERE   TO START
WITH THAT.

996
00:32:08,000 --> 00:32:09,000
FIRST, LET'S TAKE A LOOK AT   YOUR

997
00:32:09,000 --> 00:32:10,000
FINANCIAL PLAN

998
00:32:10,000 --> 00:32:11,000
AND SEE WHAT WE CAN DO.  OK, SO WE'VE

999
00:32:11,000 --> 00:32:12,000
GOT...

1000
00:32:12,000 --> 00:32:13,000
WE'LL LISTEN. WE'LL TALK.   WE'LL

1001
00:32:13,000 --> 00:32:18,000
PLAN. BAIRD.

1002
00:33:57,000 --> 00:33:59,000
>>> WELCOME BACK TO "POWER

1003
00:33:59,000 --> 00:34:00,000
LUNCH."
I'M TYLER MATHISEN.

1004
00:34:00,000 --> 00:34:01,000
A CHECK ON THE MARKET.

1005
00:34:01,000 --> 00:34:03,000
THE DOW, THE S&P AND THE NASDAQ

1006
00:34:03,000 --> 00:34:05,000
POSTING SLIGHT GAINS THERE.

1007
00:34:05,000 --> 00:34:07,000
REALLY THE MOST MINOR OF GAINS

1008
00:34:07,000 --> 00:34:08,000
FOR THE INDUSTRIALS.

1009
00:34:08,000 --> 00:34:09,000
LITTLE BIT GREATER IN PERCENTAGE

1010
00:34:09,000 --> 00:34:12,000
TERMS FOR THE S&P AND THE NASDAQ

1011
00:34:12,000 --> 00:34:14,000
COMPOSITE.
THE AVERAGE IS UP ABOUT 2% THIS

1012
00:34:14,000 --> 00:34:15,000
WEEK OVERALL.

1013
00:34:15,000 --> 00:34:17,000
OIL MEANTIME UP 5% THIS WEEK.

1014
00:34:17,000 --> 00:34:22,000
THERE YOU SEE IT AT 33.27, UP 20

1015
00:34:22,000 --> 00:34:23,000
CENTS ON THE DAY.

1016
00:34:23,000 --> 00:34:28,000
BRENT CRUDE UP 30 CENTS.

1017
00:34:28,000 --> 00:34:30,000
LOOK AT THE WIDELY HELD STOCKS.

1018
00:34:30,000 --> 00:34:31,000
ALPHABET, BASICALLY THE COMPANY

1019
00:34:31,000 --> 00:34:32,000
FORMERLY KNOWN AS GOOGLE STILL

1020
00:34:32,000 --> 00:34:35,000
OWNS GOOGLE $724.

1021
00:34:35,000 --> 00:34:38,000
DOWN $4 ABOUT TWO-THIRDS OF 1%.

1022
00:34:38,000 --> 00:34:40,000
APPLE UP ABOUT A FIFTH A PERCENT

1023
00:34:40,000 --> 00:34:42,000
AS ITS BATTLE WITH THE FBI GOES

1024
00:34:42,000 --> 00:34:43,000
ON AS DOES ITS ANNUAL

1025
00:34:43,000 --> 00:34:46,000
SHAREHOLDERS MEETING OUT IN

1026
00:34:46,000 --> 00:34:49,000
CUPERTINO.
MICROSOFT OFF ABOUT 2% AND J

1027
00:34:49,000 --> 00:34:51,000
JPMORGAN CHASE UP ONE AND A

1028
00:34:51,000 --> 00:34:52,000
THIRD.

1029
00:34:52,000 --> 00:34:55,000
TO SUE HERERA FOR A NEWS UPDATE.

1030
00:34:55,000 --> 00:34:56,000
>> AS YOU SAW, JUST A SHORT

1031
00:34:56,000 --> 00:34:58,000
WHILE AGO, HERE ON CNBC NEW

1032
00:34:58,000 --> 00:35:01,000
JERSEY GOVERNOR CHRIS CHRISTIE

1033
00:35:01,000 --> 00:35:02,000
ENDORSING DONALD TRUMP FOR

1034
00:35:02,000 --> 00:35:03,000
PRESIDENT SAYING HE WILL DO WHAT

1035
00:35:03,000 --> 00:35:05,000
NEEDS TO BE DONE TO PROTECT

1036
00:35:05,000 --> 00:35:07,000
AMERICAN PEOPLE AND CREATE JOBS.

1037
00:35:07,000 --> 00:35:08,000
AND GIVES REPUBLICANS THE BEST

1038
00:35:08,000 --> 00:35:13,000
CHANCE TO BEAT HILLARY CLINTON.

1039
00:35:15,000 --> 00:35:17,000
CEDRIC FORD, THE MAN WHO STORMED

1040
00:35:17,000 --> 00:35:19,000
THE KANSAS FACTORY WHERE HE

1041
00:35:19,000 --> 00:35:21,000
WORKED AND SHOT 15 PEOPLE

1042
00:35:21,000 --> 00:35:22,000
KILLING THREE BEFORE HE HIMSELF

1043
00:35:22,000 --> 00:35:23,000
WAS KILLED HAD JUST BEEN SERVED

1044
00:35:23,000 --> 00:35:25,000
WITH A PROTECTIVE ORDER THAT

1045
00:35:25,000 --> 00:35:27,000
PROBABLY TRIGGERED THAT ATTACK.

1046
00:35:27,000 --> 00:35:29,000
THE CEO OF EXCEL WHERE THAT

1047
00:35:29,000 --> 00:35:32,000
ATTACK TOOK PLACE HAD THIS TO

1048
00:35:32,000 --> 00:35:34,000
SAY.
>> OUR HEARTS GO OUT TO OUR

1049
00:35:34,000 --> 00:35:37,000
EMPLOYEES AND THEIR FAMILIES WHO

1050
00:35:37,000 --> 00:35:38,000
ARE ENDURING THIS TRAGEDY.

1051
00:35:38,000 --> 00:35:42,000
WE ARE FULLY COOPERATING WITH

1052
00:35:42,000 --> 00:35:44,000
THE LAW ENFORCEMENT AGENCIES AND

1053
00:35:44,000 --> 00:35:45,000
THE RED CROSS.

1054
00:35:45,000 --> 00:35:47,000
OUR INTERNAL TEAMS ARE FULLY

1055
00:35:47,000 --> 00:35:51,000
ENGAGED IN CRISIS MANAGEMENT.

1056
00:35:51,000 --> 00:35:56,000
>> FIFA ELECTING JIANI FROM

1057
00:35:57,000 --> 00:35:59,000
SWITZERLAND TO SUCCEED SEPP

1058
00:35:59,000 --> 00:36:02,000
BLATTER AS PRESIDENT.
HE DEFEATED HIS NEAREST RIVAL

1059
00:36:02,000 --> 00:36:04,000
THE SHEIKH OF BAHRAIN IN A

1060
00:36:04,000 --> 00:36:05,000
SECOND ROUND OF BALLOTING

1061
00:36:05,000 --> 00:36:08,000
COLLECTING 115 OF 2 07 VOTES

1062
00:36:08,000 --> 00:36:10,000
CAST.
>>> EVEN FLOW RECALLING ABOUT

1063
00:36:10,000 --> 00:36:13,000
56,000 COMBINATION BOOSTER SEATS

1064
00:36:13,000 --> 00:36:14,000
OVER A CONCERN THAT CHILDREN MAY

1065
00:36:14,000 --> 00:36:17,000
ACCESS THE HARNESS ADJUSTER

1066
00:36:17,000 --> 00:36:18,000
BUTTON AND LOOSEN IT.

1067
00:36:18,000 --> 00:36:21,000
IT RECALLS SEATS MADE BEFORE

1068
00:36:21,000 --> 00:36:22,000
JULY 29th.

1069
00:36:22,000 --> 00:36:24,000
THAT'S THE CNBC NEWS UPDATE THIS

1070
00:36:24,000 --> 00:36:26,000
HOUR.
BACK TO YOU, BRIAN.

1071
00:36:26,000 --> 00:36:27,000
>> SUE, THANK YOU VERY MUCH.

1072
00:36:27,000 --> 00:36:28,000
>>> YOU'RE GOING TO LOOK RIGHT

1073
00:36:28,000 --> 00:36:30,000
NOW AT A LONG LINE OF CUSTOMERS.

1074
00:36:30,000 --> 00:36:32,000
THOSE LONG LINE OF CUSTOMERS ARE

1075
00:36:32,000 --> 00:36:35,000
WAITING TO ORDER BURRITOS AT

1076
00:36:35,000 --> 00:36:36,000
CHIPOTLE.
WE SHOT SOME OF THIS FOOTAGE

1077
00:36:36,000 --> 00:36:41,000
YESTERDAY.

1078
00:36:42,000 --> 00:36:43,000
LOOK AT THAT.
DOES THIS LOOK LIKE A RESTAURANT

1079
00:36:43,000 --> 00:36:45,000
JUST SUFFERED A NATIONWIDE

1080
00:36:45,000 --> 00:36:50,000
SAFETY SCARE TO YOU?

1081
00:36:51,000 --> 00:36:52,000
>> ON A NORMAL DAY BEFORE THE

1082
00:36:52,000 --> 00:36:54,000
SCARE, THERE WILL BE A LINE

1083
00:36:54,000 --> 00:36:56,000
GOING ALL THE WAY TO THE DOOR

1084
00:36:56,000 --> 00:37:00,000
YOU KNOW.
THE SCARE HAPPENED IT WAS A

1085
00:37:00,000 --> 00:37:02,000
GHOST TOWN IN HERE.

1086
00:37:02,000 --> 00:37:04,000
NOW THAT EVERYTHING IS SLOWLY
STARTING TO COME BACK TO PLAY

1087
00:37:04,000 --> 00:37:06,000
GOT A GOOD CROWD.

1088
00:37:06,000 --> 00:37:08,000
>> IF THE HEALTH SCARE WAS A LOT

1089
00:37:08,000 --> 00:37:09,000
BIGGER, I WOULD STAY AWAY FROM

1090
00:37:09,000 --> 00:37:10,000
IT.
AS OF NOW, I'M GOOD.

1091
00:37:10,000 --> 00:37:12,000
>> YOU SEE HOW THEY MAKE THE

1092
00:37:12,000 --> 00:37:13,000
FOOD THERE IN FRONT OF YOU.

1093
00:37:13,000 --> 00:37:14,000
THAT GIVES ME SOME KIND OF

1094
00:37:14,000 --> 00:37:18,000
FAITH, BECAUSE THERE IS

1095
00:37:18,000 --> 00:37:19,000
TRANSPARENCY IN THAT.
>> I DIDN'T FIND IT TOO SCARY TO

1096
00:37:19,000 --> 00:37:21,000
COME HERE.
>> A BIG PART OF THE COMEBACK

1097
00:37:21,000 --> 00:37:22,000
PLAN IS FREE FOOD.

1098
00:37:22,000 --> 00:37:24,000
ONE OF OUR PRODUCERS WHO LIVES

1099
00:37:24,000 --> 00:37:26,000
NEARBY GOT THIS COUPON IN A

1100
00:37:26,000 --> 00:37:30,000
MAIL.
FREE CHIPS AND SALSA WITH A

1101
00:37:30,000 --> 00:37:31,000
BURRITO BOWL --

1102
00:37:31,000 --> 00:37:34,000
>> CHIPS AND SALSA FREE NOT THE

1103
00:37:34,000 --> 00:37:35,000
BURRITO, WHICH IS PICTURED UNDER

1104
00:37:35,000 --> 00:37:37,000
FREE AS IN FREE.

1105
00:37:37,000 --> 00:37:38,000
>> FREE MEANS FREE.

1106
00:37:38,000 --> 00:37:39,000
THIS IS FREE.

1107
00:37:39,000 --> 00:37:44,000
>> THE CHIPS AND SALSA ARE FREE.

1108
00:37:44,000 --> 00:37:48,000
>> I HAVE A FEELING THAT MELISSA

1109
00:37:48,000 --> 00:37:50,000
LE COULD
LEE COULD GET A FREE BURRITO.

1110
00:37:50,000 --> 00:37:52,000
CMG UP 10% IN THE PAST MONTH.

1111
00:37:52,000 --> 00:37:56,000
BOB DARINGTON, BOB, OKAY, IT IS

1112
00:37:56,000 --> 00:37:57,000
GREAT NEWS.

1113
00:37:57,000 --> 00:38:00,000
WE SAW LONG LINES.

1114
00:38:00,000 --> 00:38:03,000
ARGUABLY IT IS ONE LOCATION.
ARE YOU SENSING THAT PEOPLE ARE

1115
00:38:03,000 --> 00:38:07,000
BACK EN MASSE AT CHIPOTLE?

1116
00:38:07,000 --> 00:38:08,000
>> WHEN YOU LOOK AROUND THE

1117
00:38:08,000 --> 00:38:10,000
COUNTRY, CLEARLY THE EAST COAST

1118
00:38:10,000 --> 00:38:11,000
AND WEST COAST HAVE BEEN THE

1119
00:38:11,000 --> 00:38:13,000
MOST NEGATIVELY IMPACTED BY ALL

1120
00:38:13,000 --> 00:38:15,000
THE FOODBORNE ILLNESS SCARES.

1121
00:38:15,000 --> 00:38:17,000
HERE IN THE SOUTH, THE MIDWEST,

1122
00:38:17,000 --> 00:38:20,000
YOU KNOW I DON'T THINK TRENDS

1123
00:38:20,000 --> 00:38:22,000
HAVE BEEN MATERIALLY NEGATIVELY

1124
00:38:22,000 --> 00:38:24,000
AFFECTED.
BUT THE CLOSER YOU GET TO THE

1125
00:38:24,000 --> 00:38:26,000
POINTS AND WHERE THOSE INCIDENTS

1126
00:38:26,000 --> 00:38:27,000
OCCURRED, THAT'S WHERE THE

1127
00:38:27,000 --> 00:38:28,000
COMPANY IS WORKING HARDEST TO

1128
00:38:28,000 --> 00:38:32,000
TRY TO WIN BACK THE CUSTOMERS.

1129
00:38:32,000 --> 00:38:33,000
>> GIVING STUFF AWAY IS NICE

1130
00:38:33,000 --> 00:38:35,000
WHEN YOU'RE THE RECIPIENT.

1131
00:38:35,000 --> 00:38:38,000
YOUR PROFIT MARGIN MAY BE ZERO.

1132
00:38:38,000 --> 00:38:40,000
IS THIS A GOOD STRATEGY OR CAN

1133
00:38:40,000 --> 00:38:43,000
WE EXPECT A MARGIN HIT FOR

1134
00:38:43,000 --> 00:38:44,000
CHIPOTLE AS THEY HAVE TO

1135
00:38:44,000 --> 00:38:48,000
DISCOUNT PROMOTE, ET CETERA.

1136
00:38:48,000 --> 00:38:50,000
>> THAT'S FAIR.
IF YOU REMEMBER, THE COMPANY

1137
00:38:50,000 --> 00:38:54,000
PROVIDED GUIDANCE FOR THIS YEAR.

1138
00:38:54,000 --> 00:38:56,000
WHICH IS LOWER STORE LEVEL

1139
00:38:56,000 --> 00:38:59,000
MARGINS AND LOWER EARNINGS

1140
00:38:59,000 --> 00:39:02,000
GUIDANCE.
WHILE THEY DON'T PROVIDE A

1141
00:39:02,000 --> 00:39:04,000
SPECIFIC NUMBER, THEY HAVE MADE

1142
00:39:04,000 --> 00:39:05,000
US ALL ESSENTIALLY THINK THROUGH

1143
00:39:05,000 --> 00:39:07,000
THE NUMBERS AND SLASH OUR

1144
00:39:07,000 --> 00:39:09,000
NUMBERS PRETTY SIGNIFICANTLY.
THE MOST IMPORTANT THING, BRIAN,

1145
00:39:09,000 --> 00:39:11,000
IS THEY NEED TO WIN BACK TRAFFIC

1146
00:39:11,000 --> 00:39:14,000
TRENDS.
THEY NEED TO CHANGE CONSUMER

1147
00:39:14,000 --> 00:39:16,000
BEHAVIOR.
AND LITERALLY I THINK IT IS FAIR

1148
00:39:16,000 --> 00:39:18,000
AND REASONABLE TO YOU KNOW USE

1149
00:39:18,000 --> 00:39:20,000
THAT CARROT TO ULTIMATELY TO TRY

1150
00:39:20,000 --> 00:39:25,000
AND DRIVE TRAFFIC BACK IN THE
DOOR.

1151
00:39:25,000 --> 00:39:27,000
WE WANT TO BE CLEAR IT IS FREE

1152
00:39:27,000 --> 00:39:30,000
CHIPS AND SALSA AFTER YOU BUY A

1153
00:39:30,000 --> 00:39:32,000
BURRITO.
SO THE CHIPS AND SALSA TO THEM

1154
00:39:32,000 --> 00:39:34,000
COSTS LESS MONEY AND ARE

1155
00:39:34,000 --> 00:39:35,000
EXTREMELY HIGH MARGIN PRODUCTS

1156
00:39:35,000 --> 00:39:37,000
BECAUSE THEY'RE ALREADY MADE.

1157
00:39:37,000 --> 00:39:38,000
THAT'S NOT MY QUESTION.

1158
00:39:38,000 --> 00:39:40,000
MY QUESTION IS ISN'T IT WAY TOO

1159
00:39:40,000 --> 00:39:42,000
EARLY TO EVEN SEE ANY PROGRESS

1160
00:39:42,000 --> 00:39:44,000
IN TERMS OF THE CUSTOMER TRAFFIC

1161
00:39:44,000 --> 00:39:47,000
THAT IS GOING BACK TO CHIPOTLE.

1162
00:39:47,000 --> 00:39:49,000
YOU, AS I RECALL BOB, GOT ON

1163
00:39:49,000 --> 00:39:51,000
THE BANDWAGON QUITE EARLY ON

1164
00:39:51,000 --> 00:39:53,000
INTO THE E. COLI SCARE SAYING

1165
00:39:53,000 --> 00:39:55,000
THINGS WILL TURN AROUND VERY

1166
00:39:55,000 --> 00:39:56,000
QUICKLY AND HERE WE ARE TODAY

1167
00:39:56,000 --> 00:39:57,000
SAYING ARE THINGS EVEN TURNING

1168
00:39:57,000 --> 00:39:58,000
AROUND RIGHT NOW.

1169
00:39:58,000 --> 00:39:59,000
>> YOU BET.

1170
00:39:59,000 --> 00:40:01,000
THE PROBLEM, MELISSA, IS THAT IF

1171
00:40:01,000 --> 00:40:02,000
YOU REMEMBER WHEN THEY HAD ON

1172
00:40:02,000 --> 00:40:05,000
TOP OF THE E. COLI I THINK THEY

1173
00:40:05,000 --> 00:40:06,000
HAD THREE DIFFERENT

1174
00:40:06,000 --> 00:40:07,000
ANNOUNCEMENTS OF INCIDENTS

1175
00:40:07,000 --> 00:40:08,000
SCATTERED THROUGHOUT THE

1176
00:40:08,000 --> 00:40:09,000
COUNTRY.

1177
00:40:09,000 --> 00:40:10,000
AND THEN ON TOP OF THAT THEY

1178
00:40:10,000 --> 00:40:12,000
ADDED ON THE NOROVIRUS INCIDENT

1179
00:40:12,000 --> 00:40:13,000
IN BOSTON.

1180
00:40:13,000 --> 00:40:15,000
AND LITERALLY THAT KIND OF BROKE

1181
00:40:15,000 --> 00:40:17,000
THE BACK AND WHEN YOU THROW ON

1182
00:40:17,000 --> 00:40:19,000
TOP, JUST FOR THE ICING ON THE

1183
00:40:19,000 --> 00:40:20,000
CAKE, THE U.S. JUSTICE

1184
00:40:20,000 --> 00:40:22,000
DEPARTMENT DOING A CRIMINAL

1185
00:40:22,000 --> 00:40:23,000
INVESTIGATION INTO THE COMPANY'S

1186
00:40:23,000 --> 00:40:25,000
REPORTING OF THESE INCIDENTS,

1187
00:40:25,000 --> 00:40:26,000
ALL OF A SUDDEN YOU WIND UP WITH

1188
00:40:26,000 --> 00:40:31,000
A REOWNED NEGATIVE TONE TO THE

1189
00:40:31,000 --> 00:40:32,000
SALES AND EARNING.

1190
00:40:32,000 --> 00:40:34,000
THE MOST IMPORTANT THING THEY

1191
00:40:34,000 --> 00:40:35,000
NEED TO DO NOW.

1192
00:40:35,000 --> 00:40:37,000
I THINK THEY -- MANAGEMENT

1193
00:40:37,000 --> 00:40:39,000
UNDERSTANDS.
MAKE IT SAFE MAKE IT DESIRABLE

1194
00:40:39,000 --> 00:40:40,000
TO RETURN.

1195
00:40:40,000 --> 00:40:41,000
AND THEN ULTIMATELY PUT THE

1196
00:40:41,000 --> 00:40:43,000
CARROT OUT THERE AND TRY TO

1197
00:40:43,000 --> 00:40:44,000
CHANGE BEHAVIOR.

1198
00:40:44,000 --> 00:40:46,000
OVER TIME YOU KNOW ULTIMATELY

1199
00:40:46,000 --> 00:40:47,000
THAT COULD WIN BACK.

1200
00:40:47,000 --> 00:40:51,000
>> HOW LONG -- YOU SAY OVER

1201
00:40:51,000 --> 00:40:54,000
TIME.
HOW LONG JUST GUESSING HOW

1202
00:40:54,000 --> 00:40:56,000
LONG BEFORE THE FOOT TRAFFIC,

1203
00:40:56,000 --> 00:40:58,000
THE SAME STORE SALES GET BACK TO

1204
00:40:58,000 --> 00:41:00,000
WHERE THEY WERE PRETHE SCARES.

1205
00:41:00,000 --> 00:41:02,000
>> THAT'S A REAL TOUGH CALL.

1206
00:41:02,000 --> 00:41:03,000
PART OF THE REASON I SAY THAT IS

1207
00:41:03,000 --> 00:41:06,000
BECAUSE, REMEMBER IF IN THE

1208
00:41:06,000 --> 00:41:07,000
FOURTH QUARTER THEIR COMP

1209
00:41:07,000 --> 00:41:10,000
TRENDS WERE DOWN 14.6%.

1210
00:41:10,000 --> 00:41:13,000
WE'RE MODELING THE TRAFFIC WILL

1211
00:41:13,000 --> 00:41:15,000
BE POSITIVE AGAINST THAT NUMBER

1212
00:41:15,000 --> 00:41:19,000
IN THIS CALENDAR YEAR.

1213
00:41:19,000 --> 00:41:22,000
HOWEVER, WE'RE MODELING COMPS UP

1214
00:41:22,000 --> 00:41:23,000
8 TO 10%.

1215
00:41:23,000 --> 00:41:27,000
WHICH SAYS THEY'RE STILL NOT
BACK TO 100%.

1216
00:41:27,000 --> 00:41:29,000
IT MAY BE THE MIDDLE OF NEXT

1217
00:41:29,000 --> 00:41:31,000
YEAR IF THEY'RE FORTUNATE IF

1218
00:41:31,000 --> 00:41:36,000
THEY'RE LUCKY TO GET BACK TO

1219
00:41:36,000 --> 00:41:40,000
100%.
>> BOB, WE'LL TENDEND IT HERE.

1220
00:41:40,000 --> 00:41:45,000
THANK YOU FOR JOINING US.

1221
00:41:45,000 --> 00:41:46,000
INTEREST

1222
00:41:46,000 --> 00:41:48,000
THERE IS TWO COUPONS.

1223
00:41:48,000 --> 00:41:50,000
I WANT TO GET OUT THERE, GO FOR

1224
00:41:50,000 --> 00:41:52,000
THE FREE BURRITO -- WE DO HAVE

1225
00:41:52,000 --> 00:41:54,000
SOME NEWS HERE UNITED

1226
00:41:54,000 --> 00:41:55,000
TECHNOLOGIES IS HALTED.

1227
00:41:55,000 --> 00:41:57,000
DON'T HAVE ANY MORE DETAILS THAN

1228
00:41:57,000 --> 00:41:58,000
THAT, BUT HALTED.

1229
00:41:58,000 --> 00:42:00,000
LAST TRADE 98.44.

1230
00:42:00,000 --> 00:42:01,000
>> FOR NEWS PENDING?

1231
00:42:01,000 --> 00:42:03,000
>> WE DON'T KNOW.

1232
00:42:03,000 --> 00:42:04,000
DOESN'T LOOK LIKE IT IS

1233
00:42:04,000 --> 00:42:05,000
VOLATILITY BECAUSE THE STOCK IS

1234
00:42:05,000 --> 00:42:09,000
NOT AT LAST TRADE ONLY UP .4%.

1235
00:42:09,000 --> 00:42:12,000
THIS IS NOT A LIVE QUOTE.

1236
00:42:12,000 --> 00:42:14,000
THIS STOCK HAS BEEN HALTED.

1237
00:42:14,000 --> 00:42:15,000
THIS AFTER BASICALLY IT SAID

1238
00:42:15,000 --> 00:42:17,000
THERE IS NO DEAL.

1239
00:42:17,000 --> 00:42:19,000
THERE WON'T BE A DEAL WITH

1240
00:42:19,000 --> 00:42:20,000
HONEYWELL AT THIS POINT.

1241
00:42:20,000 --> 00:42:22,000
>> THEY HAVE BEEN LOOKING AT

1242
00:42:22,000 --> 00:42:24,000
SOME DIVESTITURES, CORRECT?

1243
00:42:24,000 --> 00:42:26,000
OR GETTING RID OF SOME UNITS --

1244
00:42:26,000 --> 00:42:27,000
>> THE STOCK IS UP BUT I THINK

1245
00:42:27,000 --> 00:42:30,000
WHAT WE'RE WAITING TO SEE IS IF

1246
00:42:30,000 --> 00:42:32,000
THERE WAS -- IT IS A HALTED FOR

1247
00:42:32,000 --> 00:42:34,000
NEWS PENDING.
SO LET'S SEE WHAT THE NEWS IS.

1248
00:42:34,000 --> 00:42:36,000
WE'RE WONDERING IF THE NEWS THAT

1249
00:42:36,000 --> 00:42:38,000
DAVID FABER BROKE LAST WEEK --

1250
00:42:38,000 --> 00:42:40,000
WAS IT ONLY LAST WEEK OR THIS

1251
00:42:40,000 --> 00:42:41,000
WEEK?
IT IS FRIDAY.

1252
00:42:41,000 --> 00:42:42,000
IT COULD HAVE BEEN THIS WEEK.

1253
00:42:42,000 --> 00:42:43,000
>> BIG WEEK.

1254
00:42:43,000 --> 00:42:45,000
>> THEY HONEYWELL AND UNITED

1255
00:42:45,000 --> 00:42:46,000
TECHNOLOGIES HAD HAD MERGER

1256
00:42:46,000 --> 00:42:50,000
TALKS AND COME OUT AND UNITED

1257
00:42:50,000 --> 00:42:52,000
TECHNOLOGIES SAYS NO WAY TOO

1258
00:42:52,000 --> 00:42:53,000
DIFFICULT WITH THE DOJ.

1259
00:42:53,000 --> 00:42:55,000
WE'LL WAIT TO SEE WHAT IS GOING

1260
00:42:55,000 --> 00:42:58,000
ON.
TO JOSH LIPTON WITH MORE ON

1261
00:42:58,000 --> 00:43:01,000
APPLE'S INVESTOR DAY.

1262
00:43:01,000 --> 00:43:03,000
>> APPLE SHAREHOLDER JUST

1263
00:43:03,000 --> 00:43:05,000
WRAPPING UP HERE IN CUPERTINO,

1264
00:43:05,000 --> 00:43:06,000
CALIFORNIA.

1265
00:43:06,000 --> 00:43:07,000
APPLE CEO TIM COOK WAS HERE.

1266
00:43:07,000 --> 00:43:09,000
A LOT OF SUPPORT FOR COOK IN

1267
00:43:09,000 --> 00:43:10,000
THIS ROOM.

1268
00:43:10,000 --> 00:43:12,000
HE CAME INTO THE ROOM TO A

1269
00:43:12,000 --> 00:43:13,000
STANDING OVATION.

1270
00:43:13,000 --> 00:43:14,000
SOME OF THE DIRECTORS WERE IN

1271
00:43:14,000 --> 00:43:15,000
THE ROOM AS WELL.

1272
00:43:15,000 --> 00:43:18,000
AL GORE BOB IGER WERE IN

1273
00:43:18,000 --> 00:43:19,000
ATTENDANCE.

1274
00:43:19,000 --> 00:43:20,000
HE ADDRESSED THE BIG ISSUE

1275
00:43:20,000 --> 00:43:21,000
CLEARLY ON TOP OF EVERYONE'S

1276
00:43:21,000 --> 00:43:23,000
MIND WHICH IS THIS FIGHT

1277
00:43:23,000 --> 00:43:25,000
BETWEEN APPLE AND THE U.S.

1278
00:43:25,000 --> 00:43:26,000
GOVERNMENT, COOK MENTIONED,

1279
00:43:26,000 --> 00:43:28,000
LISTEN, THIS IS A HARD FIGHT, A

1280
00:43:28,000 --> 00:43:29,000
TOUGH FIGHT, BUT JUST BECAUSE IT

1281
00:43:29,000 --> 00:43:30,000
IS CHALLENGING DOESN'T MEAN

1282
00:43:30,000 --> 00:43:31,000
THEY'RE PREPARED TO SHY AWAY

1283
00:43:31,000 --> 00:43:32,000
FROM IT.

1284
00:43:32,000 --> 00:43:33,000
AND HE FOUND SOME NEW ALLIES IN

1285
00:43:33,000 --> 00:43:35,000
THE ROOM AS WELL.

1286
00:43:35,000 --> 00:43:37,000
REPRESENTATIVES HERE FROM THE

1287
00:43:37,000 --> 00:43:38,000
ELECTRONIC FRONTIER FOUNDATION,

1288
00:43:38,000 --> 00:43:40,000
THEY STOOD UP AND NOTED THEY'LL

1289
00:43:40,000 --> 00:43:43,000
BE FILING A BRIEF IN SUPPORT OF

1290
00:43:43,000 --> 00:43:44,000
APPLE.
THE REVEREND JESSE JACKSON WAS

1291
00:43:44,000 --> 00:43:46,000
HERE, IN THE ROOM TALKED TO THE

1292
00:43:46,000 --> 00:43:48,000
MEDIA AFTERWARDS CALLED COOK A

1293
00:43:48,000 --> 00:43:49,000
MAN OF INTEGRITY AND CHARACTER,

1294
00:43:49,000 --> 00:43:51,000
SAID HE SUPPORTED COOK IN THIS

1295
00:43:51,000 --> 00:43:53,000
FIGHT WITH THE U.S. GOVERNMENT

1296
00:43:53,000 --> 00:43:54,000
THIS AND HAD BROADENED OUT

1297
00:43:54,000 --> 00:43:57,000
BEYOND APPLE.

1298
00:43:57,000 --> 00:43:58,000
A NUMBER OF TECH GIANTS,

1299
00:43:58,000 --> 00:43:59,000
MICROSOFT, FACEBOOK, GOOGLE'S

1300
00:43:59,000 --> 00:44:01,000
PARENT COMPANY, ALPHABET, THOSE

1301
00:44:01,000 --> 00:44:02,000
THREE COMPANIES FILING A JOINT

1302
00:44:02,000 --> 00:44:05,000
BRIEF IN SUPPORT OF APPLE.

1303
00:44:05,000 --> 00:44:06,000
BESIDES THAT NEWS IT WAS A

1304
00:44:06,000 --> 00:44:08,000
STANDARD SHAREHOLDER VOTE

1305
00:44:08,000 --> 00:44:11,000
DIRECTORS WERE ELECTED, THE

1306
00:44:11,000 --> 00:44:12,000
AUDITOR RATIFIED COMPENSATION,

1307
00:44:12,000 --> 00:44:14,000
BUT THE STORY OF THE DAY WAS

1308
00:44:14,000 --> 00:44:15,000
THAT FIGHT.

1309
00:44:15,000 --> 00:44:17,000
INSIDE AND OUTSIDE THE ROOM

1310
00:44:17,000 --> 00:44:18,000
SUPPORT, THE SHAREHOLDER I

1311
00:44:18,000 --> 00:44:20,000
TALKED TO CAME FROM ALL OVER.

1312
00:44:20,000 --> 00:44:21,000
I TALKED TO ONE GUY WHO DROVE

1313
00:44:21,000 --> 00:44:23,000
EIGHT HOURS FROM L.A. ANOTHER

1314
00:44:23,000 --> 00:44:24,000
GUY WHO CAME IN FLEW FROM

1315
00:44:24,000 --> 00:44:28,000
NASHVILLE, A LOT OF SUPPORT FOR

1316
00:44:28,000 --> 00:44:30,000
COOK.

1317
00:44:30,000 --> 00:44:33,000
BACK TO YOU.
>> OUTSIDE, THOUGH OF THIS FBI

1318
00:44:33,000 --> 00:44:35,000
ISSUE WERE THERE QUESTIONS ABOUT

1319
00:44:35,000 --> 00:44:36,000
APPLE'S PIPELINE OF PRODUCTS

1320
00:44:36,000 --> 00:44:38,000
BECAUSE EVEN WITHOUT THIS ISSUE

1321
00:44:38,000 --> 00:44:41,000
A LOST PEOPLET OF PEOPLE SAYING APPLE

1322
00:44:41,000 --> 00:44:42,000
WAS
A STOCK DIFFICULT TO INVEST AND

1323
00:44:42,000 --> 00:44:44,000
THE STOCK HAS NOT GONE FAR AND

1324
00:44:44,000 --> 00:44:46,000
THERE AREN'T ANY PROMISES RIGHT

1325
00:44:46,000 --> 00:44:48,000
NOW OF A FIRM PRODUCT LINE IN

1326
00:44:48,000 --> 00:44:51,000
THE FUTURE BEYOND THE iPHONE.

1327
00:44:51,000 --> 00:44:54,000
>> BEYOND THE iPHONE HE DID GET

1328
00:44:54,000 --> 00:44:55,000
SOME QUESTIONS ABOUT THAT

1329
00:44:55,000 --> 00:44:57,000
PRODUCT PIPELINE.

1330
00:44:57,000 --> 00:44:58,000
APPLE IS DIFFERENT THAN ITS

1331
00:44:58,000 --> 00:44:59,000
RIVALS AS YOU WELL KNOW.

1332
00:44:59,000 --> 00:45:01,000
DOESN'T TELEGRAPH THE MOVES LIKE

1333
00:45:01,000 --> 00:45:02,000
MAYBE SOME OF ITS COMPETITORS

1334
00:45:02,000 --> 00:45:03,000
DO.

1335
00:45:03,000 --> 00:45:04,000
WHEN HE WAS ASKED, FOR EXAMPLE,

1336
00:45:04,000 --> 00:45:06,000
ABOUT THAT MUCH REPORTED

1337
00:45:06,000 --> 00:45:08,000
ELECTRIC CAR, HE SIMPLY SAID

1338
00:45:08,000 --> 00:45:09,000
LISTEN, REMEMBER THAT FEELING

1339
00:45:09,000 --> 00:45:10,000
YOU GOT WHEN YOU WERE A KID ON

1340
00:45:10,000 --> 00:45:12,000
CHRISTMAS EVE, HOW EXCITED YOU

1341
00:45:12,000 --> 00:45:13,000
WERE, BEFORE OPENING A PRESENT.

1342
00:45:13,000 --> 00:45:15,000
YOU HAVE THAT FEELING FOR A

1343
00:45:15,000 --> 00:45:18,000
WHILE.
NOT FEELING TOO MUCH IN TERMS OF

1344
00:45:18,000 --> 00:45:20,000
WHAT COULD BE COMING BUT DID

1345
00:45:20,000 --> 00:45:22,000
MAKE THE CASE AS HE HAS, LISTEN

1346
00:45:22,000 --> 00:45:23,000
THEIR PRODUCT PORTFOLIO IS

1347
00:45:23,000 --> 00:45:24,000
STRONG.

1348
00:45:24,000 --> 00:45:25,000
YOU TALKED ABOUT THE iPHONE THE

1349
00:45:25,000 --> 00:45:26,000
GROWTH THEY HAVE SEEN HERE BUT

1350
00:45:26,000 --> 00:45:29,000
ALSO LISTEN A LOT OF USERS

1351
00:45:29,000 --> 00:45:31,000
SELLING OLDER MODELS AND

1352
00:45:31,000 --> 00:45:33,000
POTENTIAL HEAD ROOM HE TALKED

1353
00:45:33,000 --> 00:45:34,000
ABOUT THAT RECORD NUMBER OF

1354
00:45:34,000 --> 00:45:35,000
ANDROID SWITCHERS, TALKED ABOUT

1355
00:45:35,000 --> 00:45:37,000
THE GROWTH IN CHINA.

1356
00:45:37,000 --> 00:45:39,000
SAID LISTEN THERE MAY BE

1357
00:45:39,000 --> 00:45:40,000
HICCUPS FROM QUARTER TO QUARTER,

1358
00:45:40,000 --> 00:45:42,000
LONG TIME BULLISH IN CHINA.

1359
00:45:42,000 --> 00:45:44,000
CHINESE CONSUMERS LOVE OUR

1360
00:45:44,000 --> 00:45:46,000
PRODUCTS, 61 BILLION IN REVENUE

1361
00:45:46,000 --> 00:45:48,000
IN GREATER CHINA LAST FOUR

1362
00:45:48,000 --> 00:45:49,000
QUARTERS.

1363
00:45:49,000 --> 00:45:51,000
NAME ANOTHER COMPANY HE SAID

1364
00:45:51,000 --> 00:45:52,000
THAT CAN BOAST THAT AND FUTURE

1365
00:45:52,000 --> 00:45:56,000
MARKETS LIKE INDIA, THEY GET 1.5

1366
00:45:56,000 --> 00:45:57,000
BILLION OF REVENUE LAST YEAR BUT

1367
00:45:57,000 --> 00:45:59,000
HE SEES INDIA TODAY AS WHAT

1368
00:45:59,000 --> 00:46:00,000
CHINA WAS TEN YEARS AGO MEANING

1369
00:46:00,000 --> 00:46:03,000
A YOUNG POPULATION AND A

1370
00:46:03,000 --> 00:46:04,000
POPULATION THAT IS RAPIDLY
MOVING INTO THE MID LE CLASS.

1371
00:46:04,000 --> 00:46:07,000
HE REAFFIRMED WHAT HE SAID ABOUT

1372
00:46:07,000 --> 00:46:08,000
INDIA, THEY'RE PUTTING A LOT OF

1373
00:46:08,000 --> 00:46:10,000
RESOURCES INTO THAT AREA.

1374
00:46:10,000 --> 00:46:11,000
>> VERY QUICKLY IT WOULD BE

1375
00:46:11,000 --> 00:46:13,000
INTERESTING TO KNOW I DO NOT,

1376
00:46:13,000 --> 00:46:14,000
WHAT AL GORE WHO SPENT MANY

1377
00:46:14,000 --> 00:46:16,000
MANY YEARS IN GOVERNMENT THINKS

1378
00:46:16,000 --> 00:46:18,000
OF THE TUSSLE BETWEEN THE FBI

1379
00:46:18,000 --> 00:46:20,000
AND APPLE.

1380
00:46:20,000 --> 00:46:23,000
HAS HE BEEN HEARD FROM ON IT?

1381
00:46:23,000 --> 00:46:25,000
>> I DON'T BELIEVE SO TYLER.

1382
00:46:25,000 --> 00:46:28,000
AL GORE WAS IN ATTENDANCE.

1383
00:46:28,000 --> 00:46:29,000
I DON'T BELIEVE HE'S MADE A

1384
00:46:29,000 --> 00:46:30,000
COMMENT ON THAT.

1385
00:46:30,000 --> 00:46:32,000
>> I HAVEN'T SEEN ANYTHING.

1386
00:46:32,000 --> 00:46:33,000
>> I'M SURE -- NO I HAVE NOT

1387
00:46:33,000 --> 00:46:34,000
SEEN THAT.

1388
00:46:34,000 --> 00:46:36,000
LISTEN IT IS A DIFFICULT

1389
00:46:36,000 --> 00:46:37,000
POSITION.

1390
00:46:37,000 --> 00:46:38,000
WE HAVE ISSUES OF PRIVACY AND

1391
00:46:38,000 --> 00:46:39,000
SECURITY ON ONE HAND NATIONAL

1392
00:46:39,000 --> 00:46:40,000
SECURITY ON THE OTHER.

1393
00:46:40,000 --> 00:46:42,000
BUT TIM COOK TODAY, IN FRONT OF

1394
00:46:42,000 --> 00:46:45,000
HIS BOARD, WHICH INCLUDED BOB

1395
00:46:45,000 --> 00:46:47,000
IGER AND AL GORE MADE THE CASE

1396
00:46:47,000 --> 00:46:48,000
THIS IS A TOUGH POSITION BUT

1397
00:46:48,000 --> 00:46:50,000
ONE THEY'RE PREPARED TO STAND

1398
00:46:50,000 --> 00:46:53,000
BY.
THIS IS GOING TO BE HEARD IN

1399
00:46:53,000 --> 00:46:54,000
RIVERSIDE, CALIFORNIA, MARCH

1400
00:46:54,000 --> 00:46:55,000
22nd, THE COURT DATE.

1401
00:46:55,000 --> 00:46:57,000
>> ALL RIGHT JOSH THANK YOU

1402
00:46:57,000 --> 00:46:59,000
VERY MUCH.
LET'S LOOK AT THE DOW IF WE

1403
00:46:59,000 --> 00:47:03,000
COULD.
IT IS NOW SLIPPED INTO NEGATIVE

1404
00:47:03,000 --> 00:47:04,000
TERRITORY AS HAS THE S&P 500 AT

1405
00:47:04,000 --> 00:47:05,000
THE LAST FLIP OF THE CHART

1406
00:47:05,000 --> 00:47:07,000
THERE.

1407
00:47:07,000 --> 00:47:08,000
NOW BASICALLY FLAT.

1408
00:47:08,000 --> 00:47:09,000
BUT THE DOW SLIPPING EVER SO

1409
00:47:09,000 --> 00:47:10,000
SLIGHTLY --

1410
00:47:10,000 --> 00:47:13,000
>> BIGGEST DRAGS ARE WALMART,

1411
00:47:13,000 --> 00:47:14,000
COCA-COLA

1412
00:47:14,000 --> 00:47:15,000
COCA-COLA.
>> BIG NEWS FOR THE BULLS,

1413
00:47:15,000 --> 00:47:17,000
FINANCIALS ARE PARTICIPATING IN

1414
00:47:17,000 --> 00:47:18,000
THE MARKET.

1415
00:47:18,000 --> 00:47:20,000
THEY'RE STILL UP BY ABOUT 1.1%.

1416
00:47:20,000 --> 00:47:22,000
WE ARE SEEING A LOT OF THESE

1417
00:47:22,000 --> 00:47:24,000
SAFETY TRADES SORT OF PULL BACK

1418
00:47:24,000 --> 00:47:26,000
CONSUMER STAPLES, YOU MENTIONED

1419
00:47:26,000 --> 00:47:28,000
SOME OF THEM IN THE DOW DRAGGING

1420
00:47:28,000 --> 00:47:31,000
THE DOW DOWN DOWN BY 1.6% AND

1421
00:47:31,000 --> 00:47:32,000
UTILITIES DOWN 2.6%.

1422
00:47:32,000 --> 00:47:34,000
>> BACK TO APPLE FOR A SECOND.

1423
00:47:34,000 --> 00:47:35,000
I WOULD LOVE TO HEAR FROM OUR

1424
00:47:35,000 --> 00:47:36,000
VIEWERS AND AUDIENCE WHICH IS

1425
00:47:36,000 --> 00:47:41,000
BASICALLY THIS --

1426
00:47:43,000 --> 00:47:45,000
>> HOLD ON.

1427
00:47:45,000 --> 00:47:50,000
>> -- TOM.

1428
00:47:53,000 --> 00:47:58,000
AND CHRIS KNUTE, CAN'T MISS HIM.

1429
00:47:59,000 --> 00:48:01,000
WE'RE HERE TO TALK ABOUT THE

1430
00:48:01,000 --> 00:48:03,000
GREAT THINGS YOU GUYS ARE DOING

1431
00:48:03,000 --> 00:48:07,000
AT THIS FACILITY.

1432
00:48:07,000 --> 00:48:10,000
BUT BEFORE I BEGIN, I DO WANT TO

1433
00:48:10,000 --> 00:48:14,000
SAY A FEW WORDS ABOUT YET

1434
00:48:14,000 --> 00:48:15,000
ANOTHER MASS SHOOTING WE HAD TO

1435
00:48:15,000 --> 00:48:20,000
ENDURE.

1436
00:48:20,000 --> 00:48:24,000
YOU MAY HAVE HEARD A GUNMAN IN

1437
00:48:24,000 --> 00:48:26,000
HESTON, KANSAS, THIS MORNING I

1438
00:48:26,000 --> 00:48:27,000
SPOKE WITH MAYOR KAUFFMAN AND

1439
00:48:27,000 --> 00:48:29,000
EXPRESSED OUR DEEPEST

1440
00:48:29,000 --> 00:48:32,000
CONDOLENCES FOR THE VICTIMS,

1441
00:48:32,000 --> 00:48:33,000
THEIR FAMILIES AND THE COMMUNITY

1442
00:48:33,000 --> 00:48:35,000
AS A WHOLE.

1443
00:48:35,000 --> 00:48:37,000
THIS COMES AFTER LAST WEEKEND'S

1444
00:48:37,000 --> 00:48:42,000
RAMPAGE IN KALAMAZOO, MICHIGAN.

1445
00:48:42,000 --> 00:48:43,000
WHERE SIX MORE INNOCENT

1446
00:48:43,000 --> 00:48:45,000
AMERICANS WERE GUNNED DOWN.

1447
00:48:45,000 --> 00:48:48,000
AND THESE ACTS MAY NOT DOMINATE

1448
00:48:48,000 --> 00:48:52,000
THE NEWS TODAY, BUT THESE ARE

1449
00:48:52,000 --> 00:48:54,000
TWO MORE COMMUNITIES IN AMERICA

1450
00:48:54,000 --> 00:48:58,000
THAT ARE TORN APART BY GRIEF.

1451
00:48:58,000 --> 00:49:00,000
AND I FELT IT WAS IMPORTANT FOR

1452
00:49:00,000 --> 00:49:02,000
ME TO SAY SOMETHING TODAY

1453
00:49:02,000 --> 00:49:03,000
BECAUSE SOMEHOW AS I SAID BEFORE

1454
00:49:03,000 --> 00:49:07,000
THIS BECOMES ROUTINE.

1455
00:49:07,000 --> 00:49:08,000
THESE SORT OF MASS SHOOTINGS

1456
00:49:08,000 --> 00:49:09,000
TAKING PLACE.

1457
00:49:09,000 --> 00:49:12,000
WE CANNOT BECOME NUMB TO THIS.

1458
00:49:12,000 --> 00:49:13,000
AND ANYBODY WHO SAYS THEY WANT

1459
00:49:13,000 --> 00:49:17,000
TO KEEP THE AMERICAN PEOPLE SAFE

1460
00:49:17,000 --> 00:49:20,000
HAS TO CARE ABOUT THIS BECAUSE
IT IS HAPPENING IN FAR TOO MANY

1461
00:49:20,000 --> 00:49:22,000
TOWNS, AND AFFECTING FAR TOO

1462
00:49:22,000 --> 00:49:25,000
MANY INNOCENT AMERICANS AND
THERE ARE SOME THINGS WE CAN DO

1463
00:49:25,000 --> 00:49:26,000
ABOUT IT.

1464
00:49:26,000 --> 00:49:27,000
AND RIGHT NOW THIS CONGRESS MAY

1465
00:49:27,000 --> 00:49:29,000
NOT HAVE AN APPETITE TO DO

1466
00:49:29,000 --> 00:49:30,000
SOMETHING ABOUT IT BUT WE NEED

1467
00:49:30,000 --> 00:49:32,000
ONE THAT DOES.

1468
00:49:32,000 --> 00:49:34,000
AS LONG AS I HOLD THIS OFFICE

1469
00:49:34,000 --> 00:49:35,000
I'M GOING TO KEEP ON BRINGING

1470
00:49:35,000 --> 00:49:37,000
THIS UP.

1471
00:49:37,000 --> 00:49:41,000
EVEN IF IT IS NOT GETTING THE

1472
00:49:41,000 --> 00:49:44,000
SAME ATTENTION THAT IT SHOULD.

1473
00:49:44,000 --> 00:49:45,000
AND I WISH I DIDN'T HAVE TO KEEP

1474
00:49:45,000 --> 00:49:47,000
ON TALKING ABOUT IT.

1475
00:49:47,000 --> 00:49:48,000
LORD KNOWS I WISH I DON'T

1476
00:49:48,000 --> 00:49:49,000
HAVE -- I WISH I DIDN'T HAVE TO

1477
00:49:49,000 --> 00:49:51,000
MAKE THESE PHONE CALLS AND

1478
00:49:51,000 --> 00:49:56,000
COMFORT FAMILIES.

1479
00:49:57,000 --> 00:50:00,000
THE REAL TRAGEDY IS THE DEGREE

1480
00:50:00,000 --> 00:50:01,000
TO WHICH THIS HAS BECOME

1481
00:50:01,000 --> 00:50:05,000
ROUTINE.

1482
00:50:05,000 --> 00:50:06,000
SO I HOPE ALL OF YOU PAY

1483
00:50:06,000 --> 00:50:08,000
ATTENTION TO THIS, I HOPE THE

1484
00:50:08,000 --> 00:50:13,000
MEDIA PAYS ATTENTION TO THIS.

1485
00:50:13,000 --> 00:50:18,000
ONCE A WEEK WE HAD SHOOTINGS AND

1486
00:50:19,000 --> 00:50:21,000
IT DOESN'T DOMINATE THE NEWS.

1487
00:50:21,000 --> 00:50:26,000
THAT'S FWTGOT TO CHANGE.

1488
00:50:26,000 --> 00:50:27,000
SO THANK YOU FOR ALLOWING ME TO

1489
00:50:27,000 --> 00:50:32,000
TALK ABOUT THAT FOR A MOMENT.

1490
00:50:32,000 --> 00:50:34,000
THE TRUTH IS THOUGH THAT EVEN

1491
00:50:34,000 --> 00:50:38,000
WHEN WE GOT SOME REAL CHALLENGES

1492
00:50:38,000 --> 00:50:42,000
OUT THERE, THE REASON I'M HERE

1493
00:50:42,000 --> 00:50:46,000
TODAY, IS BECAUSE SAVE IS

1494
00:50:46,000 --> 00:50:47,000
TELLING A STORY ABOUT THE

1495
00:50:47,000 --> 00:50:48,000
AMAZING WORK THAT PEOPLE ALL

1496
00:50:48,000 --> 00:50:49,000
ACROSS THIS COUNTRY HAVE DONE TO

1497
00:50:49,000 --> 00:50:51,000
BRING AMERICA BACK FROM ONE OF

1498
00:50:51,000 --> 00:50:52,000
THE WORST FINANCIAL CRISES IN

1499
00:50:52,000 --> 00:50:54,000
OUR HISTORY.

1500
00:50:54,000 --> 00:50:56,000
SO THINK ABOUT IT.

1501
00:50:56,000 --> 00:50:57,000
SOMETIMES PEOPLE ALSO FORGET

1502
00:50:57,000 --> 00:50:59,000
WHERE WE HAVE BEEN AND IF YOU

1503
00:50:59,000 --> 00:51:00,000
FORGET WHERE YOU'VE BEEN

1504
00:51:00,000 --> 00:51:01,000
SOMETIMES YOU DON'T KNOW WHERE

1505
00:51:01,000 --> 00:51:03,000
YOU NEED TO GO.

1506
00:51:03,000 --> 00:51:05,000
SEVEN YEARS AGO, THE GROUND WE

1507
00:51:05,000 --> 00:51:08,000
WERE STANDING ON WAS AN EMPTY

1508
00:51:08,000 --> 00:51:11,000
PLOT OF SWAMP LAND.

1509
00:51:11,000 --> 00:51:12,000
I DON'T KNOW IF GATORS MAKE IT

1510
00:51:12,000 --> 00:51:16,000
UP THIS FAR, BUT, YOU KNOW IT

1511
00:51:16,000 --> 00:51:17,000
WAS NOT SOME PLACE YOU WOULD

1512
00:51:17,000 --> 00:51:20,000
WANT TO BE WANDERING AROUND.

1513
00:51:20,000 --> 00:51:21,000
IT HAD BEEN IGNORED FOR MORE

1514
00:51:21,000 --> 00:51:24,000
THAN A DECADE SINCE THE NAVY

1515
00:51:24,000 --> 00:51:27,000
BASE HERE CLOSED.

1516
00:51:27,000 --> 00:51:29,000
BACK THEN ALL AROUND US THE

1517
00:51:29,000 --> 00:51:33,000
ECONOMY WAS IN A FREE FALL.

1518
00:51:33,000 --> 00:51:34,000
800,000 AMERICANS WERE LOSING

1519
00:51:34,000 --> 00:51:36,000
THEIR JOBS EVERY SINGLE MONTH.

1520
00:51:36,000 --> 00:51:38,000
THAT'S ALMOST THE ENTIRE

1521
00:51:38,000 --> 00:51:40,000
POPULATION OF JACKSONVILLE

1522
00:51:40,000 --> 00:51:42,000
JOINING THE UNEMPLOYMENT LINE

1523
00:51:42,000 --> 00:51:44,000
EVERY FEW WEEKS.

1524
00:51:44,000 --> 00:51:46,000
FAMILIES LOST THEIR HOMES.

1525
00:51:46,000 --> 00:51:47,000
FAMILIES LOST THEIR SAVINGS.

1526
00:51:47,000 --> 00:51:49,000
AND PEOPLE HERE IN FLORIDA WERE

1527
00:51:49,000 --> 00:51:50,000
ESPECIALLY HARD HIT, THE

1528
00:51:50,000 --> 00:51:52,000
UNEMPLOYMENT RATE HERE IN

1529
00:51:52,000 --> 00:51:55,000
FLORIDA HIT 11.2% WHICH WAS EVEN

1530
00:51:55,000 --> 00:52:00,000
HIGHER THAN THE NATIONAL

1531
00:52:00,000 --> 00:52:02,000
AVERAGE.
FAST-FORWARD TODAY.

1532
00:52:02,000 --> 00:52:04,000
BUSINESSES LIKE YOURS HAVE

1533
00:52:04,000 --> 00:52:08,000
CREATED JOBS FOR 71 STRAIGHT

1534
00:52:08,000 --> 00:52:09,000
MONTHS.

1535
00:52:09,000 --> 00:52:12,000
14 MILLION NEW JOBS OVERALL.

1536
00:52:12,000 --> 00:52:14,000
WE CUT THE UNEMPLOYMENT RATE BY

1537
00:52:14,000 --> 00:52:16,000
MORE THAN HALF.

1538
00:52:16,000 --> 00:52:18,000
NATIONALLY THE HIGH WAS 10%.

1539
00:52:18,000 --> 00:52:20,000
IT IS NOW DOWN TO 4.9%.

1540
00:52:20,000 --> 00:52:21,000
AND HERE IN JACKSONVILLE, IT IS

1541
00:52:21,000 --> 00:52:25,000
EVEN LOWER.

1542
00:52:25,000 --> 00:52:26,000
OUR AUTO INDUSTRY JUST HAD ITS

1543
00:52:26,000 --> 00:52:30,000
BEST YEAR EVER.

1544
00:52:30,000 --> 00:52:33,000
WE CREATED MORE THAN 900,000 NEW

1545
00:52:33,000 --> 00:52:34,000
MANUFACTURING JOBS IN THE PAST

1546
00:52:34,000 --> 00:52:39,000
SIX

1547
00:52:39,000 --> 00:52:40,000
YEARS.
OUR HIGH SCHOOL GRADUATION RATE

1548
00:52:40,000 --> 00:52:42,000
IS AT AN ALL TIME HIGH NEARLY

1549
00:52:42,000 --> 00:52:45,000
18 MILLION AMERICANS HAVE GAINED

1550
00:52:45,000 --> 00:52:46,000
HEALTH CARE COVERAGE THOUGH HERE

1551
00:52:46,000 --> 00:52:47,000
IN FLORIDA THERE ARE A WHOLE

1552
00:52:47,000 --> 00:52:49,000
BUNCH OF FOLKS WHO HAVEN'T

1553
00:52:49,000 --> 00:52:50,000
BECAUSE THE STATE HASN'T

1554
00:52:50,000 --> 00:52:51,000
EXPANDED MEDICAID.

1555
00:52:51,000 --> 00:52:56,000
THAT'S ANOTHER TOPIC.

1556
00:52:57,000 --> 00:52:59,000
BUSINESSES LIKE SAVE ARE LEADING

1557
00:52:59,000 --> 00:53:00,000
A CLEAN ENERGY REVOLUTION

1558
00:53:00,000 --> 00:53:02,000
CREATING JOBS AND MAKING OUR

1559
00:53:02,000 --> 00:53:06,000
PLANET SAFER AND MORE SECURE AT

1560
00:53:06,000 --> 00:53:09,000
SAME TIME.

1561
00:53:09,000 --> 00:53:11,000
NOW, YOU DON'T HEAR A LOT ABOUT

1562
00:53:11,000 --> 00:53:12,000
THIS FROM THE FOLKS WHO ARE ON

1563
00:53:12,000 --> 00:53:14,000
THE CAMPAIGN TRAIL.

1564
00:53:14,000 --> 00:53:15,000
THEY'RE SPENDING ALL THEIR TIME

1565
00:53:15,000 --> 00:53:16,000
TALKING ABOUT AMERICA.

1566
00:53:16,000 --> 00:53:19,000
I DON'T KNOW WHEN IT BECAME

1567
00:53:19,000 --> 00:53:22,000
FASHIONABLE TO DO THAT.

1568
00:53:22,000 --> 00:53:24,000
>> WE'RE GOING TO BREAK AWAY

1569
00:53:24,000 --> 00:53:26,000
FROM THE FRIEZEPRESIDENT NOW.

1570
00:53:26,000 --> 00:53:28,000
AN UPDATE ON WHAT IS GOING ON AT

1571
00:53:28,000 --> 00:53:29,000
UNITED TECHNOLOGIES WHICH IS

1572
00:53:29,000 --> 00:53:31,000
STILL HALTED.
TO SUE HERERA.

1573
00:53:31,000 --> 00:53:33,000
>> THANK YOU VERY MUCH MELISSA.

1574
00:53:33,000 --> 00:53:36,000
BASICALLY UTX PUT OUT A

1575
00:53:36,000 --> 00:53:37,000
PRESENTATION.
THE STOCK IS STILL HALTED.

1576
00:53:37,000 --> 00:53:39,000
BUT IN THE EXECUTIVE SUMMARY IT

1577
00:53:39,000 --> 00:53:42,000
IS BASICALLY A REITERATION WHAT

1578
00:53:42,000 --> 00:53:44,000
HE SAID ON CNBC WHAT THE CEO

1579
00:53:44,000 --> 00:53:46,000
SAID ON CNBC.

1580
00:53:46,000 --> 00:53:51,000
THAT UTC OPPOSES A BYCOMBINATION

1581
00:53:52,000 --> 00:53:54,000
WITH HONEYWELL.

1582
00:53:54,000 --> 00:53:56,000
AND CREATE INSURMOUNTABLE, THEIR

1583
00:53:56,000 --> 00:53:59,000
WORD CONDITIONS TO COMPLETE A

1584
00:53:59,000 --> 00:54:01,000
TRANSACTION.
THE CEO SAYS HE SEES SIGNIFICANT

1585
00:54:01,000 --> 00:54:02,000
REGULATORY CHALLENGES NOT ONLY

1586
00:54:02,000 --> 00:54:05,000
IN THE U.S. BUT ALSO IN THE EU

1587
00:54:05,000 --> 00:54:07,000
CHINA, BRAZIL CANADA AND

1588
00:54:07,000 --> 00:54:08,000
ELSEWHERE.
AND THERE BE WITH A NEGATIVE

1589
00:54:08,000 --> 00:54:11,000
IMPACT ON CUSTOMERS AND NEGATIVE

1590
00:54:11,000 --> 00:54:13,000
SCENARIO AS TO DO WITH

1591
00:54:13,000 --> 00:54:14,000
FINANCIAL, OPERATIONAL, CUSTOMER

1592
00:54:14,000 --> 00:54:16,000
AND TALENT IMPACTS REGARDLESS OF

1593
00:54:16,000 --> 00:54:18,000
WHETHER OR NOT THAT DEAL WAS

1594
00:54:18,000 --> 00:54:20,000
EVENTUALLY COMPLETED.

1595
00:54:20,000 --> 00:54:23,000
UNITED TECHNOLOGIES LOOKS LIKE
IT JUST STARTED TRADING AGAIN.

1596
00:54:23,000 --> 00:54:26,000
AND THAT'S THE YEAR TO DATE --

1597
00:54:26,000 --> 00:54:27,000
IT IS STILL HALTED.

1598
00:54:27,000 --> 00:54:28,000
THAT'S THE INTRADAY.

1599
00:54:28,000 --> 00:54:30,000
SO WE'LL GO BACK TO YOU GUYS AND

1600
00:54:30,000 --> 00:54:31,000
WE'LL KEEP YOU POSTED WHEN THE

1601
00:54:31,000 --> 00:54:34,000
STOCK DOES OPEN UP.

1602
00:54:34,000 --> 00:54:37,000
>> OFFICIAL STATEMENT FROM UTX

1603
00:54:37,000 --> 00:54:39,000
ON HONEYWELL'S PROPOSAL.

1604
00:54:39,000 --> 00:54:41,000
IT DONALD TRUMP, WHO IS BACK ON

1605
00:54:41,000 --> 00:54:42,000
STAGE AGAIN AFTER BEING ENDORSED

1606
00:54:42,000 --> 00:54:44,000
BY NEW JERSEY GOVERNOR CHRIS

1607
00:54:44,000 --> 00:54:45,000
CHRISTIE.

1608
00:54:45,000 --> 00:54:47,000
>> A PRACTICAL MONOPOLY BECAUSE

1609
00:54:47,000 --> 00:54:48,000
COMPANIES AREN'T ALLOWED TO COME

1610
00:54:48,000 --> 00:54:49,000
IN VERY EASILY.

1611
00:54:49,000 --> 00:54:50,000
THEY PRACTICALLY CAN'T COME IN.

1612
00:54:50,000 --> 00:54:52,000
SO THEY SAID OH BE MORE

1613
00:54:52,000 --> 00:54:53,000
SPECIFIC.

1614
00:54:53,000 --> 00:54:55,000
I DON'T ARE TO BE SPECIFIC.

1615
00:54:55,000 --> 00:54:56,000
WHAT IS GOING TO HAPPEN IS

1616
00:54:56,000 --> 00:54:57,000
YOU'RE GOING TO CREATE OPEN

1617
00:54:57,000 --> 00:54:58,000
BIDDING BY GETTING RID OF THE

1618
00:54:58,000 --> 00:54:59,000
BORDERS AROUND EACH STATE AND

1619
00:54:59,000 --> 00:55:01,000
THE LINES RESTRICTIVE LINES

1620
00:55:01,000 --> 00:55:03,000
AROUND EACH -- YOU ARE GOING TO

1621
00:55:03,000 --> 00:55:05,000
HAVE SO MUCH COMPETITION.

1622
00:55:05,000 --> 00:55:07,000
YOU'RE GOING TO HAVE SO MUCH

1623
00:55:07,000 --> 00:55:08,000
BIDDING THAT YOU CAN'T REALLY

1624
00:55:08,000 --> 00:55:10,000
SAY IT IS ONE PLAN.

1625
00:55:10,000 --> 00:55:12,000
YOU CAN HAVE HUNDREDS OF

1626
00:55:12,000 --> 00:55:13,000
DIFFERENT OPTIONS, YOU CAN HAVE

1627
00:55:13,000 --> 00:55:14,000
HUNDREDS OF DIFFERENT PLANS, IT

1628
00:55:14,000 --> 00:55:15,000
IS GOING TO BE SO BEAUTIFUL.

1629
00:55:15,000 --> 00:55:16,000
AND YOU'RE GOING TO PAY FAR LESS

1630
00:55:16,000 --> 00:55:20,000
MONEY.

1631
00:55:20,000 --> 00:55:25,000
FAR LESS MONEY.

1632
00:55:27,000 --> 00:55:28,000
SO I WANT TO JUST MENTION JUST A

1633
00:55:28,000 --> 00:55:30,000
COUPLE OF WORDS ABOUT SENATOR

1634
00:55:30,000 --> 00:55:32,000
CRUZ, WHO ACTUALLY WAS -- I

1635
00:55:32,000 --> 00:55:35,000
THOUGHT -- I THOUGHT -- I

1636
00:55:35,000 --> 00:55:38,000
THOUGHT HE WAS BETTER.

1637
00:55:38,000 --> 00:55:40,000
YOU KNOW LAST NIGHT I THOUGHT

1638
00:55:40,000 --> 00:55:43,000
THE DEAL OF THE NIGHT WAS WHEN I

1639
00:55:43,000 --> 00:55:46,000
LOOKED OVER TO RUBIO AND I SAID

1640
00:55:46,000 --> 00:55:48,000
YOU REMEMBER YOU'RE A CHOKER.

1641
00:55:48,000 --> 00:55:51,000
AND WE DON'T WANT CHOKERS IN OUR

1642
00:55:51,000 --> 00:55:53,000
ADMINISTRATION.
I CAN TELL -- I SAID YOU'RE A

1643
00:55:53,000 --> 00:55:57,000
CHOKER AND YOU'RE A LIAR.

1644
00:55:57,000 --> 00:55:59,000
AND I HAVE HAD, YOU KNOW I HAD

1645
00:55:59,000 --> 00:56:01,000
A LOT OF DIFFICULTIES WITH TED.

1646
00:56:01,000 --> 00:56:02,000
HE DOES LIES.

1647
00:56:02,000 --> 00:56:04,000
I DEALT WITH MUCH TOUGHER, A GUY

1648
00:56:04,000 --> 00:56:05,000
LIKE RUBIO IS A BABY.

1649
00:56:05,000 --> 00:56:08,000
A GUY LIKE TED IS TOUGHER.

1650
00:56:08,000 --> 00:56:09,000
HE'S TOUGHER.

1651
00:56:09,000 --> 00:56:11,000
HE'S ACTUALLY SMARTER IN ALL

1652
00:56:11,000 --> 00:56:12,000
FAIRNESS.
TED IS SMARTER.

1653
00:56:12,000 --> 00:56:14,000
I HAVE TO GIVE THAT -- HE'S A

1654
00:56:14,000 --> 00:56:16,000
SMARTER PERSON THAN RUBIO.

1655
00:56:16,000 --> 00:56:17,000
BUT I DEAL WITH PEOPLE.

1656
00:56:17,000 --> 00:56:18,000
LAST NIGHT IT WAS MENTIONED, BY

1657
00:56:18,000 --> 00:56:20,000
THE WAY, MENTIONED, MY FATHER

1658
00:56:20,000 --> 00:56:25,000
GAVE ME $200 MILLION, I WISH.

1659
00:56:26,000 --> 00:56:27,000
I WISH.

1660
00:56:27,000 --> 00:56:29,000
I WOULD BE RIGHT NOW WORTH $500

1661
00:56:29,000 --> 00:56:31,000
TRILLION IF THAT WERE THE CASE.

1662
00:56:31,000 --> 00:56:33,000
FIRST THING I DID, I GET BACK I

1663
00:56:33,000 --> 00:56:35,000
GET A CALL FROM MY SISTER A

1664
00:56:35,000 --> 00:56:36,000
FANTASTIC PERSON AND THEN A CALL

1665
00:56:36,000 --> 00:56:37,000
FROM MY BROTHER WHO IS A

1666
00:56:37,000 --> 00:56:39,000
FANTASTIC PERSON AND THEY SAID

1667
00:56:39,000 --> 00:56:41,000
HEY, DONALD THAT'S NOT TRUE.

1668
00:56:41,000 --> 00:56:43,000
WHY DID THEY SAY THAT?

1669
00:56:43,000 --> 00:56:45,000
AND HE COPIED IT YOU HAVE THE

1670
00:56:45,000 --> 00:56:46,000
FAILING NEW YORK TIMES, IT IS A

1671
00:56:46,000 --> 00:56:47,000
FAILING NEWSPAPER, I HATE TO

1672
00:56:47,000 --> 00:56:49,000
TELL YOU LIKE SERIOUSLY

1673
00:56:49,000 --> 00:56:50,000
FAILING.

1674
00:56:50,000 --> 00:56:51,000
AND THEY WROTE AN ARTICLE AND

1675
00:56:51,000 --> 00:56:53,000
PUT SOMETHING IN ABOUT $200

1676
00:56:53,000 --> 00:56:55,000
MILLION.
BELIEVE ME I GET VERY VERY

1677
00:56:55,000 --> 00:56:57,000
LITTLE AND I BUILT IT INTO MANY

1678
00:56:57,000 --> 00:56:58,000
MANY, MANY BILLIONS OF DOLLARS

1679
00:56:58,000 --> 00:57:02,000
THAT I'M VERY PROUD OF IT.

1680
00:57:02,000 --> 00:57:06,000
BUT -- I JUST -- I JUST THINK --

1681
00:57:06,000 --> 00:57:07,000
I JUST THINK WE HAVE TO

1682
00:57:07,000 --> 00:57:10,000
CORRECT -- WE HAVE TO CORRECT

1683
00:57:10,000 --> 00:57:11,000
THE RECORD.
THANK YOU.

1684
00:57:11,000 --> 00:57:14,000
I LOVE YOU.

1685
00:57:14,000 --> 00:57:19,000
THANK YOU.

1686
00:57:19,000 --> 00:57:21,000
>> TRUMP, TRUMP, TRUMP, TRUMP,

1687
00:57:21,000 --> 00:57:26,000
TRUMP, TRUMP, TRUMP, TRUMP!

1688
00:57:30,000 --> 00:57:35,000
>> IT'S RUBIO!

1689
00:57:48,000 --> 00:57:49,000
UNBELIEVABLE.

1690
00:57:49,000 --> 00:57:50,000
BUT WE LIKE TO CORRECT -- WE

1691
00:57:50,000 --> 00:57:52,000
LIKE TO CORRECT THE RECORD.

1692
00:57:52,000 --> 00:57:54,000
BUT, YOU KNOW I SPENT A LOT OF

1693
00:57:54,000 --> 00:57:55,000
TIME IN LAREDO TEXAS, RIGHT ON

1694
00:57:55,000 --> 00:57:56,000
THE BORDER.

1695
00:57:56,000 --> 00:57:59,000
AND I WAS INVITED BY THE BORDER

1696
00:57:59,000 --> 00:58:03,000
GUARDS, AND BY THE WAY, I GOT

1697
00:58:03,000 --> 00:58:05,000
ENDORSED, TALK ABOUT CHRIS, BY

1698
00:58:05,000 --> 00:58:10,000
SHERIFF JOE ARPAIO.

1699
00:58:12,000 --> 00:58:14,000
AND THE ONE THING YOU KNOW ABOUT

1700
00:58:14,000 --> 00:58:17,000
SHERIFF JOE, HE'S THE TOUGHEST

1701
00:58:17,000 --> 00:58:18,000
GUY ON THE BORDER NO GAMES TO

1702
00:58:18,000 --> 00:58:21,000
BE PLAYED WITH SHERIFF JOE, WHO

1703
00:58:21,000 --> 00:58:23,000
PUTS PINK YOU KNOW WHAT ON HIS

1704
00:58:23,000 --> 00:58:26,000
PEOPLE THAT ARE THERE ILLEGALLY.

1705
00:58:26,000 --> 00:58:27,000
SHERIFF JOE DOES NOT PLAY GAMES.

1706
00:58:27,000 --> 00:58:31,000
EVERYBODY WANTED HIS

1707
00:58:31,000 --> 00:58:32,000
ENDORSEMENT.
BUT THE TOUGHEST ONE ON THE

1708
00:58:32,000 --> 00:58:36,000
BORDER WAS ENDORSED BY SHERIFF

1709
00:58:36,000 --> 00:58:37,000
JOE.
AND I THINK IT IS INCREDIBLE.

1710
00:58:37,000 --> 00:58:39,000
I WAS CALLED BY OUR BORDER

1711
00:58:39,000 --> 00:58:41,000
PATROL UNBELIEVABLE PEOPLE.

1712
00:58:41,000 --> 00:58:43,000
I GOT IT KNOW HIM WELL.

1713
00:58:43,000 --> 00:58:45,000
AND THEY SAID MR. TRUMP, I WAS

1714
00:58:45,000 --> 00:58:47,000
RUNNING, DOING WELL SINCE I

1715
00:58:47,000 --> 00:58:48,000
STARTED THIS WHOLE THING, I'VE

1716
00:58:48,000 --> 00:58:50,000
BEEN PRACTICALLY NUMBER ONE FOR

1717
00:58:50,000 --> 00:58:52,000
THE WHOLE TRIP.

1718
00:58:52,000 --> 00:58:54,000
PRACTICALLY NUMBER ONE.

1719
00:58:54,000 --> 00:58:55,000
AND NOW WE HAVE BIG LEADS.

1720
00:58:55,000 --> 00:58:57,000
PLEASE TEXAS, LET'S WIN TEXAS.

1721
00:58:57,000 --> 00:59:02,000
I WANT TO WIN TEXAS.

1722
00:59:06,000 --> 00:59:08,000
I WAS CALLED BY THE BORDER

1723
00:59:08,000 --> 00:59:09,000
PATROL AND THESE PEOPLE ARE

1724
00:59:09,000 --> 00:59:11,000
INCREDIBLE.

1725
00:59:11,000 --> 00:59:13,000
AND THEY WANT TO DO THEIR JOB.

1726
00:59:13,000 --> 00:59:15,000
THEY WANT TO DO THEIR JOB.

1727
00:59:15,000 --> 00:59:17,000
THAT'S WHY THEY CALL ME.

1728
00:59:17,000 --> 00:59:18,000
THEY SAY WOULD IT BE POSSIBLE

1729
00:59:18,000 --> 00:59:20,000
FOR YOU TO COME TO TEXAS TO

1730
00:59:20,000 --> 00:59:22,000
LAREDO?
I SAID WELL I THINK SO YEAH

1731
00:59:22,000 --> 00:59:23,000
FINE, I'LL DO IT.

1732
00:59:23,000 --> 00:59:25,000
I WENT TO LAREDO AND MET WITH A

1733
00:59:25,000 --> 00:59:27,000
LOT OF THE BORDER PATROL FOLKS,

1734
00:59:27,000 --> 00:59:28,000
SOME OF THE TOP PEOPLE.

1735
00:59:28,000 --> 00:59:30,000
AND, MAN, ARE THEY -- THEY'RE

1736
00:59:30,000 --> 00:59:34,000
JUST INCREDIBLE SMART, TOUGH,

1737
00:59:34,000 --> 00:59:35,000
GREAT PEOPLE.

1738
00:59:35,000 --> 00:59:36,000
BY THE WAY, YOU KNOW WHO ELSE

1739
00:59:36,000 --> 00:59:39,000
ARE GREAT PEOPLE OUR POLICE ARE

1740
00:59:39,000 --> 00:59:40,000
GREAT PEOPLE.

1741
00:59:40,000 --> 00:59:43,000
THEY'RE BEING ABUSED.

1742
00:59:43,000 --> 00:59:47,000
OUR POLICE ARE BEING ABUSED.

1743
00:59:47,000 --> 00:59:49,000
OUR POLICE ARE INCREDIBLE

1744
00:59:49,000 --> 00:59:50,000
PEOPLE.

1745
00:59:50,000 --> 00:59:52,000
IN FACT I JUST TOOK PICTURES

1746
00:59:52,000 --> 00:59:53,000
BACKSTAGE, WHAT A GROUP OF
PEOPLE YOU HAVE.

1747
00:59:53,000 --> 00:59:54,000
THEY'RE INCREDIBLE PEOPLE.

1748
00:59:54,000 --> 00:59:57,000
SO I JUST WANT TO -- WE HAVE TO

1749
00:59:57,000 --> 00:59:58,000
PUT OUT THE PLUG EVERY ONCE IN A

1750
00:59:58,000 --> 01:00:00,000
WHILE BECAUSE, YOU KNOW ONE BAD

1751
01:00:00,000 --> 01:00:01,000
INCIDENT, WHETHER IT IS A

1752
01:00:01,000 --> 01:00:03,000
MISTAKE OR SOMEBODY WAS JUST A

1753
01:00:03,000 --> 01:00:05,000
BAD APPLE AND PLAYED FOR WEEKS

1754
01:00:05,000 --> 01:00:07,000
AND WEEKS ON THE NEWS AND THE

1755
01:00:07,000 --> 01:00:08,000
THOUSANDS AND TENS OF THOUSANDS

1756
01:00:08,000 --> 01:00:11,000
OF GREAT JOBS THAT THEY DO THEY

1757
01:00:11,000 --> 01:00:12,000
DON'T GET APPRECIATED.

1758
01:00:12,000 --> 01:00:17,000
LET'S HEAR IT FOR THE POLICE.

1759
01:00:23,000 --> 01:00:25,000
SO I'M IN LAREDO, AND THEY'RE

1760
01:00:25,000 --> 01:00:27,000
TELLING ME HOW SAD IT IS BECAUSE

1761
01:00:27,000 --> 01:00:28,000
THEY CAN STOP IT.

1762
01:00:28,000 --> 01:00:29,000
WE NEED THE WALL WE WANT TO

1763
01:00:29,000 --> 01:00:31,000
HAVE THE WALL WE WANT TO STOP

1764
01:00:31,000 --> 01:00:32,000
THE DRUGS FROM POURING ACROSS.

1765
01:00:32,000 --> 01:00:34,000
WE'RE DOING TO STOP THE DRUGS.

1766
01:00:34,000 --> 01:00:37,000
AND THERE IS GOING TO BE A REAL

1767
01:00:37,000 --> 01:00:39,000
WALL, A REAL WALL.

1768
01:00:39,000 --> 01:00:41,000
I'M THE ONLY ONE WHO KNOWS HOW

1769
01:00:41,000 --> 01:00:43,000
TO BUILD IT.

1770
01:00:43,000 --> 01:00:44,000
ALL THE POLITICIANS, ALL TALK

1771
01:00:44,000 --> 01:00:46,000
NO ACTION NOTHING GETS DONE.

1772
01:00:46,000 --> 01:00:48,000
WHEN I SAID SELF-FUNDING BEFORE

1773
01:00:48,000 --> 01:00:50,000
THE BEAUTY OF THAT IS -- THE

1774
01:00:50,000 --> 01:00:52,000
BEAUTY OF SELF-FUNDING IS THAT

1775
01:00:52,000 --> 01:00:54,000
THE INSURANCE COMPANIES, THE

1776
01:00:54,000 --> 01:00:55,000
DRUG COMPANIES --

1777
01:00:55,000 --> 01:00:57,000
>> WANTED TO BRING YOU UP TO

1778
01:00:57,000 --> 01:00:59,000
DATE ON THE UTX SITUATION.

1779
01:00:59,000 --> 01:01:02,000
IT RESUMED TRADING AFTER BEING

1780
01:01:02,000 --> 01:01:04,000
HALTED.

1781
01:01:04,000 --> 01:01:06,000
YOU SEE THE STOCK IS TRADING

1782
01:01:06,000 --> 01:01:08,000
DOWN 11 CENTS.

1783
01:01:08,000 --> 01:01:10,000
14 CENTS, .1%.

1784
01:01:10,000 --> 01:01:11,000
BACK TO DONALD TRUMP.

1785
01:01:11,000 --> 01:01:16,000
>> JEB BUSH HAD $150 MILLION.

1786
01:01:16,000 --> 01:01:18,000
WHAT A WASTE OF MONEY.

1787
01:01:18,000 --> 01:01:19,000
I WOULD IMAGINE AT SOME POINT

1788
01:01:19,000 --> 01:01:21,000
BETWEEN HIM AND ROMNEY THEY'LL

1789
01:01:21,000 --> 01:01:23,000
BE SUPPORTING RUBIO.

1790
01:01:23,000 --> 01:01:25,000
DO YOU THINK?

1791
01:01:25,000 --> 01:01:26,000
I WOULD IMAGINE.
ROMNEY

1792
01:01:26,000 --> 01:01:27,000
ROMNEY.
HOW ABOUT THIS BEAUTY.

1793
01:01:27,000 --> 01:01:28,000
RUNS ONE OF THE WORST CAMPAIGNS

1794
01:01:28,000 --> 01:01:31,000
IN THE HISTORY OF POLITICS, HE

1795
01:01:31,000 --> 01:01:33,000
SHOULD HAVE BEATEN OBAMA EASILY.

1796
01:01:33,000 --> 01:01:34,000
AND FOR TWO MONTHS HE

1797
01:01:34,000 --> 01:01:35,000
DISAPPEARED, NOBODY KNOWS WHERE

1798
01:01:35,000 --> 01:01:38,000
HE WAS AND SAY WHAT YOU WANT

1799
01:01:38,000 --> 01:01:41,000
OBAMA WAS ON JAY LENO DAVID

1800
01:01:41,000 --> 01:01:42,000
LETTERMAN, EVERY SHOW AND ROMNEY

1801
01:01:42,000 --> 01:01:44,000
WAS LIKE A LOST SOUL.

1802
01:01:44,000 --> 01:01:45,000
I DON'T KNOW WHAT HAPPENED TO

1803
01:01:45,000 --> 01:01:47,000
THIS GUY.
AND THEN HE COMES OUT AND TELLS

1804
01:01:47,000 --> 01:01:48,000
ME ABOUT MY TAXES.

1805
01:01:48,000 --> 01:01:50,000
AND ACTUALLY IF YOU KNOW THE

1806
01:01:50,000 --> 01:01:52,000
REAL STORY, HARRY REID SHAMED

1807
01:01:52,000 --> 01:01:54,000
HIM AND MADE HIM LOOK LIKE A

1808
01:01:54,000 --> 01:01:56,000
BABY AND HARRY REID PUSHED HIM

1809
01:01:56,000 --> 01:01:59,000
AND PUSHED HIM AND REALLY MADE

1810
01:01:59,000 --> 01:02:03,000
HIM LOOK SO STUPID AND WEAK.

1811
01:02:03,000 --> 01:02:06,000
WHEN DID ROMNEY FILE HIS RETURN?

1812
01:02:06,000 --> 01:02:07,000
WHAT IS TODAY'S DATE?

1813
01:02:07,000 --> 01:02:08,000
TODAY'S DATE IS WHAT?

1814
01:02:08,000 --> 01:02:12,000
COME ON TELL ME.

1815
01:02:12,000 --> 01:02:13,000
WHAT?

1816
01:02:13,000 --> 01:02:15,000
OKAY.
SO, YOU KNOW WHEN ROMNEY FILED

1817
01:02:15,000 --> 01:02:19,000
HAD HIS RETURN SEPTEMBER --

1818
01:02:19,000 --> 01:02:21,000
SEPTEMBER 21st.

1819
01:02:21,000 --> 01:02:25,000
THAT'S A LONG TIME FROM NOW.

1820
01:02:25,000 --> 01:02:26,000
THIS GUY -- I ENDORSED HIM.

1821
01:02:26,000 --> 01:02:28,000
ABOUT TWO WEEKS LATE I SAID

1822
01:02:28,000 --> 01:02:29,000
HE'S NEVER GOING TO WIN.

1823
01:02:29,000 --> 01:02:31,000
NUMBER ONE, WHEN YOU WALK INTO A

1824
01:02:31,000 --> 01:02:33,000
STAGE, YOU CANNOT WALK LIKE A

1825
01:02:33,000 --> 01:02:34,000
PENGUIN.
HE WALKED LIKE A PENGUIN.

1826
01:02:34,000 --> 01:02:36,000
I SAID THIS IS A PROBLEM.

1827
01:02:36,000 --> 01:02:38,000
SOMEBODY TELL HIM, TAKE SOME

1828
01:02:38,000 --> 01:02:39,000
STEPS.

1829
01:02:39,000 --> 01:02:40,000
ANYWAY ROMNEY TURNED OUT TO BE

1830
01:02:40,000 --> 01:02:41,000
A DISASTER.

1831
01:02:41,000 --> 01:02:43,000
I KNOW HE'LL SUPPORT RUBIO.

1832
01:02:43,000 --> 01:02:46,000
HE PROBABLY HAS NO CHOICE.

1833
01:02:46,000 --> 01:02:49,000
HONESTLY, IF HE WANTED TO

1834
01:02:49,000 --> 01:02:50,000
SUPPORT ME, I WOULD NOT ACCEPT
IT HIS SUPPORT.

1835
01:02:50,000 --> 01:02:54,000
I ADMIT IT.

1836
01:02:54,000 --> 01:02:55,000
BECAUSE -- BECAUSE WE HAVE TO BE

1837
01:02:55,000 --> 01:02:56,000
HONEST, RIGHT?
WE HAVE TO BE HONEST.

1838
01:02:56,000 --> 01:02:59,000
AND I WILL SAY THIS JUST TO

1839
01:02:59,000 --> 01:03:01,000
SHOW YOU GREAT LOYALTY, I

1840
01:03:01,000 --> 01:03:04,000
SUPPORTED JOHN McCAIN AND WE

1841
01:03:04,000 --> 01:03:05,000
LOST.

1842
01:03:05,000 --> 01:03:08,000
I SUPPORTED MITT ROMNEY AND WE

1843
01:03:08,000 --> 01:03:10,000
LOST.
THIS TIME I SAID I'M GOING TO DO

1844
01:03:10,000 --> 01:03:14,000
IT MYSELF OKAY?

1845
01:03:14,000 --> 01:03:19,000
BIG DIFFERENCE.

1846
01:03:23,000 --> 01:03:25,000
SO THE BORDER PATROL IS

1847
01:03:25,000 --> 01:03:28,000
INCREDIBLE.
AND THEY'RE TOLD TO STAND BACK

1848
01:03:28,000 --> 01:03:29,000
STAND BACK LET THE PEOPLE WALK

1849
01:03:29,000 --> 01:03:30,000
IN, LET THEM GO WHEREVER THEY'RE

1850
01:03:30,000 --> 01:03:32,000
GOING TO GO WE DON'T HAVE A

1851
01:03:32,000 --> 01:03:33,000
BORDER AND IF YOU DON'T HAVE A

1852
01:03:33,000 --> 01:03:35,000
BORDER, WE DON'T HAVE A COUNTRY,

1853
01:03:35,000 --> 01:03:37,000
FOLKS.
WE DON'T HAVE A COUNTRY.

1854
01:03:37,000 --> 01:03:39,000
SO WE'RE GOING TO HAVE BORDERS

1855
01:03:39,000 --> 01:03:40,000
AND THEY'RE GOING TO BE SERIOUS

1856
01:03:40,000 --> 01:03:43,000
BORDER AND VERY VERY POWERFUL

1857
01:03:43,000 --> 01:03:44,000
BORDERS.
AND IN THE CASE OF OUR SOUTHERN

1858
01:03:44,000 --> 01:03:48,000
BORDER, WE'LL HAVE A WALL.

1859
01:03:48,000 --> 01:03:49,000
IT IS GOING TO STOP.

1860
01:03:49,000 --> 01:03:51,000
BY THE WAY, WE ARE GOING TO HAVE

1861
01:03:51,000 --> 01:03:52,000
PEOPLE COME INTO OUR COUNTRY,

1862
01:03:52,000 --> 01:03:54,000
BUT THEY'RE COMING INTO OUR

1863
01:03:54,000 --> 01:03:58,000
COUNTRY LEGALLY.

1864
01:03:58,000 --> 01:03:59,000
LEGALLY.

1865
01:03:59,000 --> 01:04:00,000
WE WANT PEOPLE TO COME IN.

1866
01:04:00,000 --> 01:04:02,000
WE WANT PEOPLE TO COME IN.

1867
01:04:02,000 --> 01:04:04,000
WE WANT PEOPLE TO COME IN.

1868
01:04:04,000 --> 01:04:06,000
BUT THEY HAVE TO BE THE RIGHT

1869
01:04:06,000 --> 01:04:08,000
PEOPLE.
WE DON'T WANT PEOPLE THAT HAVE

1870
01:04:08,000 --> 01:04:10,000
BEEN HERE LOOK AT KATE.

1871
01:04:10,000 --> 01:04:11,000
BEAUTIFUL KATE.

1872
01:04:11,000 --> 01:04:12,000
IN SAN FRANCISCO.

1873
01:04:12,000 --> 01:04:14,000
ILLEGAL IMMIGRANT, FIVE TIMES

1874
01:04:14,000 --> 01:04:19,000
CAME ACROSS THE BORDER AND SHOT

1875
01:04:19,000 --> 01:04:20,000
KATE.

1876
01:04:20,000 --> 01:04:21,000
JAMIL, FATHER BECAME A FRIEND OF

1877
01:04:21,000 --> 01:04:23,000
MINE AN INCREDIBLE FATHER AND

1878
01:04:23,000 --> 01:04:25,000
INCREDIBLE GUY, HIS SON WAS AN

1879
01:04:25,000 --> 01:04:27,000
UNBELIEVABLE YOUNG BOY.

1880
01:04:27,000 --> 01:04:30,000
GOOD STUDENT.
GOING TO GO TO COLLEGE ON A

1881
01:04:30,000 --> 01:04:31,000
FOOTBALL SCHOLARSHIP.

1882
01:04:31,000 --> 01:04:33,000
MAYBE STANFORD.

1883
01:04:33,000 --> 01:04:35,000
AND HE WAS SHOT IN THE FACE

1884
01:04:35,000 --> 01:04:39,000
THREE TIMES BY A GUY THAT DID IT

1885
01:04:39,000 --> 01:04:40,000
BECAUSE HE WAS JUST TOLD TO

1886
01:04:40,000 --> 01:04:41,000
SHOOT SOMEBODY.
THAT'S THE ONLY REASON THEY DID

1887
01:04:41,000 --> 01:04:44,000
IT.
JUST GOT OUT OF JAIL.

1888
01:04:44,000 --> 01:04:47,000
AND YOU HAVE THE FEMALE VETERAN,

1889
01:04:47,000 --> 01:04:50,000
65 YEARS OLD, RECENTLY IN LOS

1890
01:04:50,000 --> 01:04:52,000
ANGELES, RAPED, SODOMIZED, AND

1891
01:04:52,000 --> 01:04:55,000
KILLED BY AN ILLEGAL IMMIGRANT.

1892
01:04:55,000 --> 01:04:56,000
WE'RE GOING TO BE DIFFERENT,

1893
01:04:56,000 --> 01:04:57,000
FOLKS.
WE'RE GOING TO BE STRONG.

1894
01:04:57,000 --> 01:04:59,000
WE'RE GOING TO BE SMART.

1895
01:04:59,000 --> 01:05:00,000
WE'RE GOING TO BE TOUGH.

1896
01:05:00,000 --> 01:05:02,000
WE'RE NOT GOING TO PLAY GAMES

1897
01:05:02,000 --> 01:05:03,000
ANYMORE.
WE'RE NOT GOING IT PLAY GAMES

1898
01:05:03,000 --> 01:05:04,000
ANYMORE.

1899
01:05:04,000 --> 01:05:06,000
NOT GOING TO HAPPEN.

1900
01:05:06,000 --> 01:05:10,000
NOT GOING TO HAPPEN.

1901
01:05:10,000 --> 01:05:11,000
SO WE'RE GOING TO BE THE

1902
01:05:11,000 --> 01:05:13,000
STRONGEST ON BORDERS AND WE'RE

1903
01:05:13,000 --> 01:05:14,000
GOING TO SET THE EXAMPLE FOR

1904
01:05:14,000 --> 01:05:16,000
OTHER PARTS OF THE WORLD.

1905
01:05:16,000 --> 01:05:18,000
AND WE'RE NOT TAKING IN SYRIANS

1906
01:05:18,000 --> 01:05:20,000
THAT WE HAVE NO IDEA WHO THEY

1907
01:05:20,000 --> 01:05:25,000
ARE, WHERE THEY COME FROM.

1908
01:05:30,000 --> 01:05:32,000
AND WE ALREADY HAVE TAKEN IN

1909
01:05:32,000 --> 01:05:33,000
THOUSANDS.

1910
01:05:33,000 --> 01:05:34,000
THOUSAND S.

1911
01:05:34,000 --> 01:05:35,000
AND WE DON'T EVEN KNOW WHERE

1912
01:05:35,000 --> 01:05:37,000
THEY ARE.

1913
01:05:37,000 --> 01:05:38,000
BUT YOU HAVE NO IDEA.

1914
01:05:38,000 --> 01:05:40,000
I SPOKE TO THE TOP LAW

1915
01:05:40,000 --> 01:05:41,000
ENFORCEMENT PEOPLE AND THEY

1916
01:05:41,000 --> 01:05:43,000
SAID, MR. TRUMP, THEY DON'T HAVE

1917
01:05:43,000 --> 01:05:45,000
PAPERS, THEY HAVE ABSOLUTELY NO

1918
01:05:45,000 --> 01:05:46,000
IDENTIFICATION.

1919
01:05:46,000 --> 01:05:47,000
AND DO YOU EVER NOTICE THE

1920
01:05:47,000 --> 01:05:49,000
MIGRATION -- I WANT TO HELP

1921
01:05:49,000 --> 01:05:51,000
PEOPLE.
AND I SAY YOU BUILD A SAFE ZONE

1922
01:05:51,000 --> 01:05:52,000
AND I'LL GET OTHER PEOPLE TO PAY

1923
01:05:52,000 --> 01:05:54,000
FOR IT BECAUSE I DON'T WANT TO

1924
01:05:54,000 --> 01:05:55,000
PAY FOR IF IT.

1925
01:05:55,000 --> 01:05:56,000
WE OWE $19 TRILLION.

1926
01:05:56,000 --> 01:05:57,000
WE'RE NOT PAYING FOR IT.

1927
01:05:57,000 --> 01:06:00,000
BUT WE'LL GET THE GULF STATES TO

1928
01:06:00,000 --> 01:06:02,000
PAY.
THEY HAVE MORE MONEY THAN

1929
01:06:02,000 --> 01:06:03,000
ANYBODY AND THEY'RE NOT SPENDING

1930
01:06:03,000 --> 01:06:04,000
THEIR MONEY.

1931
01:06:04,000 --> 01:06:06,000
WE HAVE GOT TO LOOSEN UP THEIR

1932
01:06:06,000 --> 01:06:07,000
WALLETS, FOLKS.

1933
01:06:07,000 --> 01:06:08,000
I'M VERY GOOD AT GETTING PEOPLE

1934
01:06:08,000 --> 01:06:10,000
TO DO THAT, BELIEVE ME.

1935
01:06:10,000 --> 01:06:12,000
I LIKE THE IDEA OF A SAFE ZONE.

1936
01:06:12,000 --> 01:06:13,000
BUT DO YOU EVER NOTICE THE

1937
01:06:13,000 --> 01:06:16,000
MIGRATION COMES ACROSS AND YOU

1938
01:06:16,000 --> 01:06:18,000
LOOK AND THERE ARE SO MANY YOUNG

1939
01:06:18,000 --> 01:06:19,000
MEN, RIGHT?

1940
01:06:19,000 --> 01:06:20,000
I SAY, WHERE ARE THE WOMEN?

1941
01:06:20,000 --> 01:06:22,000
WHERE ARE THE CHILDREN?

1942
01:06:22,000 --> 01:06:25,000
NOW, THEY'RE THERE, BUT NOT LIKE

1943
01:06:25,000 --> 01:06:26,000
THEY SHOULD BE.

1944
01:06:26,000 --> 01:06:29,000
SO LAW ENFORCEMENT IS TELLING

1945
01:06:29,000 --> 01:06:31,000
ME -- IS THAT A PROTEST?

1946
01:06:31,000 --> 01:06:33,000
OH, GOOD.

1947
01:06:33,000 --> 01:06:35,000
TURN THE CAMERAS.

1948
01:06:35,000 --> 01:06:40,000
TURN THE CAMERAS.
GOOD.

1949
01:06:50,000 --> 01:06:51,000
I LOVE PROTESTERS.

1950
01:06:51,000 --> 01:06:53,000
LOOK AT THIS.
LOOK AT THIS.

1951
01:06:53,000 --> 01:06:55,000
WE HAVE 10,000 PEOPLE HERE

1952
01:06:55,000 --> 01:06:58,000
TODAY.
LOOK AT THIS.

1953
01:06:58,000 --> 01:07:00,000
IS THAT A PROTESTER?

1954
01:07:00,000 --> 01:07:01,000
PLEASE BE A PROTESTER.

1955
01:07:01,000 --> 01:07:04,000
THE ONLY WAYS WE CAN GET THE

1956
01:07:04,000 --> 01:07:07,000
CAMERAS TURNED -- THE ONLY

1957
01:07:07,000 --> 01:07:08,000
REASON THEY TURN THE CAMERAS IS

1958
01:07:08,000 --> 01:07:09,000
IF THERE IS A PROTESTER BECAUSE

1959
01:07:09,000 --> 01:07:11,000
THAT'S A BAD THING, RIGHT?

1960
01:07:11,000 --> 01:07:15,000
I'M GOING TO DEVELOP MY OWN
PROTESTERS.

1961
01:07:15,000 --> 01:07:18,000
BUT LOOK -- IT CAN'T BE A

1962
01:07:18,000 --> 01:07:19,000
PROTESTER BECAUSE THOSE CAMERAS

1963
01:07:19,000 --> 01:07:22,000
WON'T TURN.
THEY WON'T TURN.

1964
01:07:22,000 --> 01:07:26,000
I'LL TELL YOU WHAT I THINK THE

1965
01:07:26,000 --> 01:07:28,000
MEDIA IS AMONG THE MOST

1966
01:07:28,000 --> 01:07:33,000
DISHONEST GROUPS OF PEOPLE I'VE
EVER MET.

1967
01:07:33,000 --> 01:07:38,000
THEY'RE TERRIBLE.

1968
01:07:41,000 --> 01:07:42,000
THE NEW YORK TIMES, WHICH IS

1969
01:07:42,000 --> 01:07:44,000
LOSING A FORTUNE, WHICH IS A

1970
01:07:44,000 --> 01:07:45,000
FAILING NEWSPAPER, WHICH

1971
01:07:45,000 --> 01:07:46,000
PROBABLY WON'T BE AROUND THAT

1972
01:07:46,000 --> 01:07:47,000
MUCH LONGER BUT PROBABLY

1973
01:07:47,000 --> 01:07:50,000
SOMEBODY WILL BUY IT AS A

1974
01:07:50,000 --> 01:07:51,000
TROPHY, KEEP IT GOING FOR A

1975
01:07:51,000 --> 01:07:53,000
LITTLE LONGER, BUT I THINK THE

1976
01:07:53,000 --> 01:07:54,000
"NEW YORK TIMES" IS ONE OF THE

1977
01:07:54,000 --> 01:07:56,000
MOST DISHONEST MEDIA OUTLETS

1978
01:07:56,000 --> 01:07:57,000
I'VE EVER SEEN IN MY LIFE.

1979
01:07:57,000 --> 01:07:58,000
THE WORST.

1980
01:07:58,000 --> 01:07:59,000
THE WORST.

1981
01:07:59,000 --> 01:08:00,000
THE ABSOLUTE WORST.

1982
01:08:00,000 --> 01:08:02,000
THEY HAVE AN AGENDA THAT YOU

1983
01:08:02,000 --> 01:08:03,000
WOULDN'T BELIEVE.

1984
01:08:03,000 --> 01:08:04,000
AND THEY'RE RUN BY INCOMPETENT

1985
01:08:04,000 --> 01:08:05,000
PEOPLE.

1986
01:08:05,000 --> 01:08:07,000
THEY ARE TOTALLY INCOMPETENTLY

1987
01:08:07,000 --> 01:08:09,000
RUN.
WASHINGTON POST, I HAVE TO TELL

1988
01:08:09,000 --> 01:08:11,000
YOU, I HAVE RESPECT FOR JEFF

1989
01:08:11,000 --> 01:08:13,000
BEZOS.
BUT HE BOUGHT "THE WASHINGTON

1990
01:08:13,000 --> 01:08:15,000
POST" TO HAVE POLITICAL

1991
01:08:15,000 --> 01:08:17,000
INFLUENCE AND I GOT TO TELL YOU,

1992
01:08:17,000 --> 01:08:19,000
WE HAVE A DIFFERENT COUNTRY THAN

1993
01:08:19,000 --> 01:08:20,000
WE USED TO HAVE.

1994
01:08:20,000 --> 01:08:23,000
WE HAVE A DIFFERENT -- HE OWNS

1995
01:08:23,000 --> 01:08:25,000
AMAZON.
HE WANTS POLITICAL INFLUENCE SO

1996
01:08:25,000 --> 01:08:26,000
THAT AMAZON WILL BENEFIT FROM

1997
01:08:26,000 --> 01:08:30,000
IT.
THAT'S NOT RIGHT.

1998
01:08:30,000 --> 01:08:32,000
IF I BECOME PRESIDENT, OH DO

1999
01:08:32,000 --> 01:08:33,000
THEY HAVE PROBLEMS.
THEY'RE GOING TO HAVE SUCH

2000
01:08:33,000 --> 01:08:38,000
PROBLEMS.

2001
01:08:40,000 --> 01:08:41,000
AND ONE OF THE THINGS I'M GOING

2002
01:08:41,000 --> 01:08:43,000
TO DO.
THIS IS GOING TO MAKE IT TOUGHER

2003
01:08:43,000 --> 01:08:44,000
FOR ME AND I NEVER SAID THIS

2004
01:08:44,000 --> 01:08:45,000
BEFORE, BUT ONE OF THE THINGS

2005
01:08:45,000 --> 01:08:49,000
I'M GOING TO DO IF I WIN AND I

2006
01:08:49,000 --> 01:08:52,000
HOPE I DO AND WE'RE CERTAINLY

2007
01:08:52,000 --> 01:08:56,000
LEADING IS I'M GOING TO OPEN

2008
01:08:56,000 --> 01:08:59,000
OUR LABOR LAWS SLIBEL LAWS SO WE CAN

2009
01:08:59,000 --> 01:09:00,000
SUE

2010
01:09:00,000 --> 01:09:02,000
THEM AND WIN LOTS OF MONEY.

2011
01:09:02,000 --> 01:09:03,000
WE'RE GOING TO OPEN UP THOSE

2012
01:09:03,000 --> 01:09:06,000
LIBEL LAWS.

2013
01:09:06,000 --> 01:09:08,000
SO WHEN THE NEW YORK TIMES

2014
01:09:08,000 --> 01:09:10,000
WRITES A HIT PIECE, WHICH IS A

2015
01:09:10,000 --> 01:09:12,000
TOTAL DISGRACE OR WHEN THE

2016
01:09:12,000 --> 01:09:13,000
WASHINGTON POST, WHICH IS THERE

2017
01:09:13,000 --> 01:09:18,000
FOR OTHER REASONS WRITES A HIT

2018
01:09:19,000 --> 01:09:24,000
PIECE, WE CAN SUE THEM.

2019
01:09:24,000 --> 01:09:25,000
WITH ME THEY'RE NOT PROTECTED

2020
01:09:25,000 --> 01:09:26,000
BECAUSE I'M NOT LIKE OTHER

2021
01:09:26,000 --> 01:09:28,000
PEOPLE.

2022
01:09:28,000 --> 01:09:30,000
BUT I'M NOT TAKING MONEY.

2023
01:09:30,000 --> 01:09:31,000
I'M NOT TAKING THEIR MONEY.

2024
01:09:31,000 --> 01:09:33,000
WE'RE GOING TO OPEN UP THE LIBEL

2025
01:09:33,000 --> 01:09:34,000
LAWS FOLKS, AND HAVE PEOPLE SUE

2026
01:09:34,000 --> 01:09:35,000
YOU LIKE YOU NEVER GOT SUED

2027
01:09:35,000 --> 01:09:40,000
BEFORE.

2028
01:09:46,000 --> 01:09:47,000
WE HAVE MANY THINGS TO DO.

2029
01:09:47,000 --> 01:09:51,000
WE HAVE MANY, MANY THINGS TO DO.

2030
01:09:51,000 --> 01:09:53,000
WHEN I CAME DOWN ON THE

2031
01:09:53,000 --> 01:09:55,000
ESCALATOR WITH MY WIFE MELANIA,

2032
01:09:55,000 --> 01:09:56,000
IT WAS JUNE 16th.

2033
01:09:56,000 --> 01:09:59,000
AND I SAID LOOK LET ME TELL

2034
01:09:59,000 --> 01:10:02,000
YOU, IT IS NOT EASY RUNNING FOR
PRESIDENT.

2035
01:10:02,000 --> 01:10:04,000
YOU GET LOW LIVES LIKE A GUY

2036
01:10:04,000 --> 01:10:05,000
LIKE RUBIO SAYING HORRIBLE

2037
01:10:05,000 --> 01:10:10,000
THINGS, HORRIBLE THINGS.

2038
01:10:10,000 --> 01:10:11,000
AND WHO NEEDS IT.

2039
01:10:11,000 --> 01:10:13,000
THIS IS A LOW LIFE.

2040
01:10:13,000 --> 01:10:14,000
AND CRUZ LIES BUT AT LEAST IT

2041
01:10:14,000 --> 01:10:18,000
IS REASONABLE LIES.

2042
01:10:18,000 --> 01:10:19,000
THIS OTHER GUY SAYS TERRIBLE

2043
01:10:19,000 --> 01:10:20,000
THINGS.

2044
01:10:20,000 --> 01:10:23,000
AND I WILL TELL YOU, WHEN YOU DO

2045
01:10:23,000 --> 01:10:25,000
THIS, AND WHEN I AGREED TO DO

2046
01:10:25,000 --> 01:10:27,000
IT IT TAKES GUTS TO DO IT.

2047
01:10:27,000 --> 01:10:29,000
IT TAKES GUTS.

2048
01:10:29,000 --> 01:10:31,000
ESPECIALLY IF YOU'RE NOT A

2049
01:10:31,000 --> 01:10:33,000
POLITICIAN.
I'M NOT A POLITICIAN THANK

2050
01:10:33,000 --> 01:10:35,000
GOODNESS.
I GUESS NOW I AM BUT I'M NOT.

2051
01:10:35,000 --> 01:10:39,000
I DON'T WANT TO BE A POLITICIAN.

2052
01:10:39,000 --> 01:10:40,000
AND WHEN CAME DOWN THE

2053
01:10:40,000 --> 01:10:42,000
ESCALATOR, THERE WERE CAMERAS,

2054
01:10:42,000 --> 01:10:43,000
LOOK AT ALL THE CAMERAS BACK

2055
01:10:43,000 --> 01:10:47,000
THERE.
HELLO, FOLKS, HOW ARE YOU DOING,

2056
01:10:47,000 --> 01:10:48,000
YOU SON OF A GUNS.

2057
01:10:48,000 --> 01:10:50,000
WE HAD CAMERAS LIKE THE ACADEMY

2058
01:10:50,000 --> 01:10:51,000
AWARDS.

2059
01:10:51,000 --> 01:10:53,000
LOOKED LIKE IT WAS THE ACADEMY

2060
01:10:53,000 --> 01:10:54,000
AWARDS.
I SAID TO MY WIFE I LOOKED AT

2061
01:10:54,000 --> 01:10:56,000
THE IRAN DEAL, WHICH IS ONE OF

2062
01:10:56,000 --> 01:10:58,000
THE GREAT INSULTS IN THE HISTORY

2063
01:10:58,000 --> 01:11:00,000
OF DEAL-MAKING, WE GIVE THEM

2064
01:11:00,000 --> 01:11:04,000
$150 BILLION, WE GET ABSOLUTELY

2065
01:11:04,000 --> 01:11:05,000
NOTHING.

2066
01:11:05,000 --> 01:11:08,000
WE GET NOTHING AND THEY ATTACK

2067
01:11:08,000 --> 01:11:11,000
THEY TAKE AS HOSTAGE TEN SAILERS

2068
01:11:11,000 --> 01:11:13,000
AND THE ONLY REASON WE GOT THEM

2069
01:11:13,000 --> 01:11:14,000
BACK, WHY DID WE GET THEM BACK

2070
01:11:14,000 --> 01:11:16,000
MONEY WASN'T PAID IT WENT IN

2071
01:11:16,000 --> 01:11:17,000
TWO DAYS LATER.

2072
01:11:17,000 --> 01:11:18,000
THE PERSIANS ARE GREAT

2073
01:11:18,000 --> 01:11:19,000
NEGOTIATORS.

2074
01:11:19,000 --> 01:11:20,000
THEY GAVE THEM BACK.

2075
01:11:20,000 --> 01:11:22,000
THEY WOULD HAVE KEPT THEM

2076
01:11:22,000 --> 01:11:23,000
OTHERWISE, UNLESS TRUMP WAS

2077
01:11:23,000 --> 01:11:24,000
PRESIDENT.

2078
01:11:24,000 --> 01:11:28,000
THEY WOULDN'T BE KEEPING THEM.
THEY WOULDN'T BE KEEPING THEM.

2079
01:11:28,000 --> 01:11:30,000
IF I WAS PRESIDENT, THE HOSTAGES

2080
01:11:30,000 --> 01:11:33,000
WOULD HAVE BEEN RELEASED FOUR

2081
01:11:33,000 --> 01:11:35,000
YEARS AGO.
BECAUSE I WOULDN'T HAVE

2082
01:11:35,000 --> 01:11:38,000
NEGOTIATED UNTIL THEY RELEASED

2083
01:11:38,000 --> 01:11:40,000
THE HOCH TAJSTAGES AND I WOULD HAVE

2084
01:11:40,000 --> 01:11:41,000
INCREASED THE SANCTIONS AND WE

2085
01:11:41,000 --> 01:11:43,000
WOULD HAVE HAD THOSE HOSTAGES

2086
01:11:43,000 --> 01:11:48,000
WITHIN 24 HOURS YEARS AGO.

2087
01:11:55,000 --> 01:11:57,000
WANT TO TELL YOU ONE OTHER

2088
01:11:57,000 --> 01:11:59,000
THING, THE SECOND AMENDMENT IS

2089
01:11:59,000 --> 01:12:01,000
UNDER SIEGE.
GUNS GUNS GUNS.

2090
01:12:01,000 --> 01:12:02,000
IT IS UNDER SIEGE.

2091
01:12:02,000 --> 01:12:04,000
AND EVERY TIME YOU HAVE A

2092
01:12:04,000 --> 01:12:05,000
MENTALLY DISTURBED PERSON LIKE

2093
01:12:05,000 --> 01:12:08,000
YOU HAD LAST NIGHT, AND LIKE YOU

2094
01:12:08,000 --> 01:12:09,000
WILL HAVE THEY IMMEDIATELY LOOK

2095
01:12:09,000 --> 01:12:11,000
TO THE GUNS LIKE THE GUNS PULL

2096
01:12:11,000 --> 01:12:12,000
THE TRIGGER.

2097
01:12:12,000 --> 01:12:14,000
THE GUNS DO NOT PULL THE

2098
01:12:14,000 --> 01:12:15,000
TRIGGER.

2099
01:12:15,000 --> 01:12:18,000
AND WE ARE GOING TO PROTECT YOUR

2100
01:12:18,000 --> 01:12:23,000
SECOND AMENDMENT 100%.

2101
01:12:24,000 --> 01:12:26,000
100%.

2102
01:12:26,000 --> 01:12:27,000
IF YOU LOOK AT WHAT HAPPENED, IF

2103
01:12:27,000 --> 01:12:30,000
YOU LOOK AT WHAT HAPPENED IN

2104
01:12:30,000 --> 01:12:32,000
CALIFORNIA WITH THE 14 PEOPLE

2105
01:12:32,000 --> 01:12:34,000
KILLED BY TWO PEOPLE

2106
01:12:34,000 --> 01:12:36,000
RADICALIZED, SHE PROBABLY

2107
01:12:36,000 --> 01:12:38,000
RADICALIZED HIM, HOW ABOUT THIS

2108
01:12:38,000 --> 01:12:39,000
COUNTRY.
WE CAN'T EVEN GET THE CELL

2109
01:12:39,000 --> 01:12:40,000
NUMBER.

2110
01:12:40,000 --> 01:12:41,000
CAN'T OPEN THE CELL.

2111
01:12:41,000 --> 01:12:42,000
I LIKE SAFETY.

2112
01:12:42,000 --> 01:12:44,000
I WANT SECURITY.
WHEN IT COMES TO TERRORISTS WE

2113
01:12:44,000 --> 01:12:46,000
GOT TO KNOCK THEM OUT, FOLKS,

2114
01:12:46,000 --> 01:12:48,000
KNOCK THEM OUT AND KNOCK THEM

2115
01:12:48,000 --> 01:12:49,000
OUT BIGLEY.

2116
01:12:49,000 --> 01:12:52,000
BIG, BIG, BIGLEY.

2117
01:12:52,000 --> 01:12:53,000
BUT WHEN YOU LOOK AT WHAT

2118
01:12:53,000 --> 01:12:55,000
HAPPENED IN CALIFORNIA WITH THE

2119
01:12:55,000 --> 01:12:57,000
14 PEOPLE AND MANY PEOPLE IN A

2120
01:12:57,000 --> 01:12:59,000
HOSPITAL THAT ARE IN VERY BAD

2121
01:12:59,000 --> 01:13:01,000
SHAPE AND THESE WERE PEOPLE THAT

2122
01:13:01,000 --> 01:13:04,000
GAVE THE TWO RADICALIZED, THE

2123
01:13:04,000 --> 01:13:05,000
COUPLE, THIS COUPLE SO-CALLED

2124
01:13:05,000 --> 01:13:06,000
COUPLE, I DON'T EVEN LIKE TO

2125
01:13:06,000 --> 01:13:07,000
CALL THEM A COUPLE YOU KNOW

2126
01:13:07,000 --> 01:13:09,000
WHAT I WOULD LIKE TO CALL THEM

2127
01:13:09,000 --> 01:13:13,000
IT GAVE THIS COUPLE ANNIVERSARY

2128
01:13:13,000 --> 01:13:14,000
PARTIES.
AND BABY PARTIES.

2129
01:13:14,000 --> 01:13:15,000
AND SHOWERS.

2130
01:13:15,000 --> 01:13:18,000
THESE WERE PEOPLE THAT -- THEY

2131
01:13:18,000 --> 01:13:19,000
WERE FRIENDS AND THEY WENT IN

2132
01:13:19,000 --> 01:13:21,000
AND BLEW THEM AWAY AND THEN YOU

2133
01:13:21,000 --> 01:13:23,000
LOOK AT PARIS, WHERE YOU HAVE

2134
01:13:23,000 --> 01:13:25,000
130 PEOPLE THAT WERE KILLED

2135
01:13:25,000 --> 01:13:28,000
MANY PEOPLE IN HOSPITALS,

2136
01:13:28,000 --> 01:13:29,000
GRAVELY INJURED, THESE ANIMALS

2137
01:13:29,000 --> 01:13:32,000
JUST WALKED IN TOOK THEIR GUNS

2138
01:13:32,000 --> 01:13:33,000
AND SAID BING BING BING YOU

2139
01:13:33,000 --> 01:13:35,000
GET OVER HERE BING.

2140
01:13:35,000 --> 01:13:38,000
IF WE WOULD HAVE HAD GUNS WHERE

2141
01:13:38,000 --> 01:13:39,000
BULLETS FLOWED IN THE OTHER

2142
01:13:39,000 --> 01:13:41,000
DIRECTION, YOU WOULDN'T HAVE HAD

2143
01:13:41,000 --> 01:13:43,000
THAT BIG PROBLEM.

2144
01:13:43,000 --> 01:13:48,000
IT WOULD HAVE BEEN MUCH SMALLER.

2145
01:13:50,000 --> 01:13:51,000
SO WE'RE GOING TO PROTECT OUR

2146
01:13:51,000 --> 01:13:53,000
SECOND AMENDMENT.

2147
01:13:53,000 --> 01:13:54,000
AND IT IS SO TRUE.

2148
01:13:54,000 --> 01:13:59,000
TAKE PARIS, TAKE CALIFORNIA IF

2149
01:13:59,000 --> 01:14:00,000
LIKE YOU -- YOU'RE A TOUGH

2150
01:14:00,000 --> 01:14:02,000
COOKIE, THIS GUY HERE LOOKS LIKE

2151
01:14:02,000 --> 01:14:04,000
AN EX-VET IF A COUPLE OF YOU,

2152
01:14:04,000 --> 01:14:05,000
YOU RIGHT OVER THERE WITH THAT

2153
01:14:05,000 --> 01:14:08,000
BIG, BEAUTIFUL BEARD, IF THESE

2154
01:14:08,000 --> 01:14:09,000
GUYS THAT I HAVE TO PICK A

2155
01:14:09,000 --> 01:14:10,000
WOMAN, THAT'S RIGHT, YOU,

2156
01:14:10,000 --> 01:14:12,000
RAISING YOUR HAND SHE'S GONE

2157
01:14:12,000 --> 01:14:15,000
CRAZY, SHE WANTS TO CARRY A GUN.

2158
01:14:15,000 --> 01:14:17,000
BUT IF WE HAD A FEW PEOPLE

2159
01:14:17,000 --> 01:14:19,000
RIGHT?
IF WE HAD A FEW PEOPLE WITH A

2160
01:14:19,000 --> 01:14:21,000
GUN ON THEIR SIDE OR A GUN

2161
01:14:21,000 --> 01:14:22,000
AROUND THEIR ANKLE, SO WHEN

2162
01:14:22,000 --> 01:14:24,000
THESE ANIMALS START SHOOTING

2163
01:14:24,000 --> 01:14:26,000
THE BULLETS START GOING THE

2164
01:14:26,000 --> 01:14:27,000
OTHER WAY, YOU KNOW PARIS IS

2165
01:14:27,000 --> 01:14:30,000
PROBABLY THE TOUGHEST PLACE IN

2166
01:14:30,000 --> 01:14:32,000
THE WORLD TO HAVE A GUN, EXCEPT

2167
01:14:32,000 --> 01:14:33,000
IF YOU'RE A BAD GUY, THEN THERE

2168
01:14:33,000 --> 01:14:34,000
IS NO PROBLEM.

2169
01:14:34,000 --> 01:14:38,000
YOU JUST HAVE A GUN F.

2170
01:14:38,000 --> 01:14:39,000
IF WE HAD PEOPLE PEOPLE IN LOS

2171
01:14:39,000 --> 01:14:40,000
ANGELES, WOULD HAVE BEEN A WHOLE

2172
01:14:40,000 --> 01:14:41,000
DIFFERENT STORY, FOLKS, WOULD

2173
01:14:41,000 --> 01:14:43,000
HAVE BEEN A WHOLE DIFFERENT

2174
01:14:43,000 --> 01:14:44,000
STORY.

2175
01:14:44,000 --> 01:14:45,000
SO JUST REMEMBER YOUR SECOND

2176
01:14:45,000 --> 01:14:47,000
AMENDMENT WITH ME IS PROTECTED.

2177
01:14:47,000 --> 01:14:51,000
YOUR BORDERS ARE PROTECTED.

2178
01:14:51,000 --> 01:14:56,000
COMMON CORE -- COMMON CORE --

2179
01:14:57,000 --> 01:15:01,000
COMMON CORE IS OUT.

2180
01:15:01,000 --> 01:15:05,000
IT IS OUT.

2181
01:15:05,000 --> 01:15:08,000
IN THE TOP 30 NATIONS, WITH 30

2182
01:15:08,000 --> 01:15:10,000
BEING BY FAR THE WORST, IN THE

2183
01:15:10,000 --> 01:15:12,000
WORLD FOR EDUCATION, WE'RE

2184
01:15:12,000 --> 01:15:16,000
NUMBER 30 BUT WE'RE NUMBER ONE

2185
01:15:16,000 --> 01:15:18,000
IN COURSE PER PUPIL BY THE

2186
01:15:18,000 --> 01:15:21,000
FACTOR THERE IS NO SECOND.

2187
01:15:21,000 --> 01:15:23,000
WE'RE NUMBER ONE.
WE'RE NUMBER ONE IN COURSE,

2188
01:15:23,000 --> 01:15:25,000
WE'RE LAST YOU HAVE NORWAY

2189
01:15:25,000 --> 01:15:27,000
SWEDEN DENMARK, CHINA, YOU HAVE

2190
01:15:27,000 --> 01:15:30,000
LOTS OF PLACES YOU HAVE SOME

2191
01:15:30,000 --> 01:15:32,000
COUNTRIES YOU NEVER EVEN HEARD

2192
01:15:32,000 --> 01:15:33,000
OF ARE AHEAD OF THE USA.

2193
01:15:33,000 --> 01:15:35,000
NOT GOING TO HAPPEN ANYMORE,

2194
01:15:35,000 --> 01:15:37,000
FOLKS.
WE'RE GOING TO GET UP THAT LIST.

2195
01:15:37,000 --> 01:15:39,000
WE'RE GOING TO START CLIMBING UP

2196
01:15:39,000 --> 01:15:41,000
THAT LIST.

2197
01:15:41,000 --> 01:15:44,000
YOU KNOW THE AMERICAN DREAM IS

2198
01:15:44,000 --> 01:15:45,000
DEAD BUT WE'RE GOING TO MAKE IT

2199
01:15:45,000 --> 01:15:47,000
BIGGER AND STRONGER AND BETTER

2200
01:15:47,000 --> 01:15:50,000
THAN EVER BEFORE.

2201
01:15:50,000 --> 01:15:53,000
REMEMBER THAT.

2202
01:15:53,000 --> 01:15:56,000
BUT IT IS VERY HARD FOR A PERSON

2203
01:15:56,000 --> 01:15:58,000
TO LIVE THE AMERICAN DREAM

2204
01:15:58,000 --> 01:15:59,000
WITHOUT GOOD EDUCATION.

2205
01:15:59,000 --> 01:16:01,000
SO WE'RE GOING TO WORK VERY,

2206
01:16:01,000 --> 01:16:03,000
VERY HARD.
SO COMMON CORE IS OUT.

2207
01:16:03,000 --> 01:16:04,000
IT IS DEAD.

2208
01:16:04,000 --> 01:16:06,000
COMMON CORE IS DEAD.
WE'LL BRING IT LOCALLY AND I'VE

2209
01:16:06,000 --> 01:16:08,000
SEEN THE LOCAL -- IT IS

2210
01:16:08,000 --> 01:16:09,000
UNBELIEVABLE.

2211
01:16:09,000 --> 01:16:10,000
THE PARENTS AND THE TEACHERS AND

2212
01:16:10,000 --> 01:16:12,000
EVERYBODY THERE IS LOVE IN THE

2213
01:16:12,000 --> 01:16:13,000
ROOM AND IT IS A BEAUTIFUL THING

2214
01:16:13,000 --> 01:16:14,000
TO WATCH.

2215
01:16:14,000 --> 01:16:16,000
IT IS A BEAUTIFUL THING TO

2216
01:16:16,000 --> 01:16:17,000
WATCH.

2217
01:16:17,000 --> 01:16:18,000
ANOTHER THING WE HAVE TO TALK

2218
01:16:18,000 --> 01:16:21,000
ABOUT, I'VE HAD TREMENDOUS

2219
01:16:21,000 --> 01:16:24,000
SUPPORT FROM THE EVANGELICALS.

2220
01:16:24,000 --> 01:16:26,000
AND FROM CHRISTIANS.

2221
01:16:26,000 --> 01:16:28,000
I'VE HAD TREMENDOUS SUPPORT.

2222
01:16:28,000 --> 01:16:32,000
AND, IN FACT PASTOR JEFFERS IS

2223
01:16:32,000 --> 01:16:34,000
HERE NOW.
WHERE ARE YOU?

2224
01:16:34,000 --> 01:16:36,000
WHERE -- COME HERE COME HERE

2225
01:16:36,000 --> 01:16:37,000
COME HERE.

2226
01:16:37,000 --> 01:16:41,000
I SAW HIM -- GET HIM OVER HERE.

2227
01:16:41,000 --> 01:16:42,000
HE HAS BEEN SO SUPPORTIVE.

2228
01:16:42,000 --> 01:16:43,000
I DIDN'T MEET HIM.

2229
01:16:43,000 --> 01:16:44,000
I'VE SEEN HIM ON TELEVISION FOR

2230
01:16:44,000 --> 01:16:46,000
YEARS, I ALWAYS LIKED HMM A LOT.

2231
01:16:46,000 --> 01:16:48,000
ONE DAY I'M LISTENING TO HIM AND

2232
01:16:48,000 --> 01:16:49,000
HE SAID DONALD TRUMP MAY NOT BE

2233
01:16:49,000 --> 01:16:51,000
PERFECT, BUT HE'S THE BEST LEAD

2234
01:16:51,000 --> 01:16:53,000
ERK THE STRONGEST GUY, HE'S

2235
01:16:53,000 --> 01:16:55,000
GOING TO KNOCK OUT ISIS DO

2236
01:16:55,000 --> 01:16:56,000
GREAT FOR OUR ECONOMY.

2237
01:16:56,000 --> 01:16:57,000
HE MAY NOT BE PERFECT, I DIDN'T

2238
01:16:57,000 --> 01:17:00,000
LIKE THAT, BUT THAT'S OKAY.

2239
01:17:00,000 --> 01:17:01,000
BUT HE'S GOING TO BE OUR BEST

2240
01:17:01,000 --> 01:17:02,000
PRESIDENT.

2241
01:17:02,000 --> 01:17:04,000
YOU COME OUT -- GET HIM UP HERE.

2242
01:17:04,000 --> 01:17:06,000
I LOVE THIS GUY.

2243
01:17:06,000 --> 01:17:10,000
I'M JUST WATCHING HIM.

2244
01:17:10,000 --> 01:17:14,000
AND HIGHLY HIGHLY RESPECTED AND

2245
01:17:14,000 --> 01:17:16,000
JERRY FALWELL JR. WAS SO

2246
01:17:16,000 --> 01:17:18,000
INCREDIBLE.
AND SINCE I GOT -- AND MANY

2247
01:17:18,000 --> 01:17:20,000
OTHERS.
THE REVEREND PAULA WHITE, SO

2248
01:17:20,000 --> 01:17:21,000
MANY OTHERS.

2249
01:17:21,000 --> 01:17:23,000
WE HAD SUCH SUPPORT.

2250
01:17:23,000 --> 01:17:24,000
WE HAVE UNBELIEVABLE SUPPORT

2251
01:17:24,000 --> 01:17:25,000
FROM SARAH PALIN.

2252
01:17:25,000 --> 01:17:30,000
SHE IS INCREDIBLE.

2253
01:17:30,000 --> 01:17:31,000
SHE'S A GREAT PERSON.

2254
01:17:31,000 --> 01:17:34,000
COME ON UP HERE REVEREND.

2255
01:17:34,000 --> 01:17:36,000
PASTOR JEFFERS, IS IT TRUE -- I

2256
01:17:36,000 --> 01:17:38,000
DIDN'T KNOW HIM AND I LOVE HIM.

2257
01:17:38,000 --> 01:17:42,000
SAY A FEW WORDS.

2258
01:17:42,000 --> 01:17:44,000
>> LET ME JUST SAY BRIEFLY I

2259
01:17:44,000 --> 01:17:48,000
KNOW THREE THINGS ABOUT DONALD

2260
01:17:48,000 --> 01:17:50,000
TRUMP.
NUMBER ONE, HE SINCERELY LOVES

2261
01:17:50,000 --> 01:17:51,000
THIS COUNTRY.

2262
01:17:51,000 --> 01:17:53,000
YOU KNOW HE HAS 10 BILLION

2263
01:17:53,000 --> 01:17:55,000
REASONS HE DOESN'T HAVE TO DO

2264
01:17:55,000 --> 01:17:58,000
THIS.
BUT HE DOES IT BECAUSE HE WANTS

2265
01:17:58,000 --> 01:18:02,000
TO MAKE AMERICA GREAT AGAIN.

2266
01:18:02,000 --> 01:18:04,000
THE SECOND THING I KNOW ABOUT

2267
01:18:04,000 --> 01:18:09,000
DONALD TRUMP IS THAT HE IS TRULY

2268
01:18:09,000 --> 01:18:11,000
PRO-LIFE.
I HAVE TALKED TO HIM AT TRUMP

2269
01:18:11,000 --> 01:18:12,000
TOWERS HE BELIEVES IN

2270
01:18:12,000 --> 01:18:13,000
PROTECTING THE UNBORN.

2271
01:18:13,000 --> 01:18:15,000
THAT IS AN ISSUE WE AS

2272
01:18:15,000 --> 01:18:17,000
CHRISTIANS CARE ABOUT.
AND I'LL TELL YOU WHAT SOME OF

2273
01:18:17,000 --> 01:18:19,000
YOU WHO SAY, WELL I DON'T KNOW

2274
01:18:19,000 --> 01:18:22,000
IF HIS PRO-LIFE CONVERSION WAS

2275
01:18:22,000 --> 01:18:25,000
REAL, LET ME TELL YOU SOMETHING,

2276
01:18:25,000 --> 01:18:26,000
HILLARY CLINTON DOESN'T CLAIM

2277
01:18:26,000 --> 01:18:28,000
ANY PRO-LIFE CONVERSION, IF YOU

2278
01:18:28,000 --> 01:18:30,000
GO FOR HILLARY CLINTON OR BERNIE

2279
01:18:30,000 --> 01:18:31,000
SANDERS, THERE IS NO DOUBT

2280
01:18:31,000 --> 01:18:34,000
YOU'RE GOING TO HAVE THE MOST

2281
01:18:34,000 --> 01:18:37,000
PRO-ABORTION PRESIDENT IN

2282
01:18:37,000 --> 01:18:38,000
HISTORY.
BUT HERE IS WHAT I FINALLY KNOW

2283
01:18:38,000 --> 01:18:40,000
ABOUT DONALD TRUMP.

2284
01:18:40,000 --> 01:18:43,000
DONALD TRUMP CARES ABOUT AND

2285
01:18:43,000 --> 01:18:48,000
LOVES EVANGELICAL CHRISTIANS.

2286
01:18:48,000 --> 01:18:51,000
YOU KNOW ONE TIME WHEN RONALD

2287
01:18:51,000 --> 01:18:53,000
REAGAN WAS RUNNING FOR PRESIDENT

2288
01:18:53,000 --> 01:18:55,000
OF THE UNITED STATES THE FIRST

2289
01:18:55,000 --> 01:18:57,000
TIME, HE MET WITH A GROUP OF

2290
01:18:57,000 --> 01:19:00,000
EVANGELICAL LEADERS AND HE SAID

2291
01:19:00,000 --> 01:19:02,000
ALTHOUGH YOU CAN'T ENDORSE ME, I

2292
01:19:02,000 --> 01:19:06,000
WANT YOU TO KNOW I ENDORSE YOU.

2293
01:19:06,000 --> 01:19:09,000
AND I HAVE MET -- I HAVE MET

2294
01:19:09,000 --> 01:19:11,000
WITH MR. TRUMP ON SEVERAL

2295
01:19:11,000 --> 01:19:12,000
OCCASIONS.

2296
01:19:12,000 --> 01:19:15,000
AND I CAN TELL YOU FROM PERSONAL

2297
01:19:15,000 --> 01:19:17,000
EXPERIENCE, IF DONALD TRUMP IS

2298
01:19:17,000 --> 01:19:19,000
ELECTED PRESIDENT OF THE UNITED

2299
01:19:19,000 --> 01:19:20,000
STATES, WE WHO ARE EVANGELICAL

2300
01:19:20,000 --> 01:19:23,000
CHRISTIANS ARE GOING TO HAVE A

2301
01:19:23,000 --> 01:19:26,000
TRUE FRIEND IN THE WHITE HOUSE.

2302
01:19:26,000 --> 01:19:31,000
GOD BLESS DONALD TRUMP!

2303
01:19:36,000 --> 01:19:37,000
>> WOW.

2304
01:19:37,000 --> 01:19:38,000
HOW ABOUT THAT?

2305
01:19:38,000 --> 01:19:41,000
HOW ABOUT THAT?

2306
01:19:41,000 --> 01:19:43,000
I'M HE TELLING YOU, I SAW THE

2307
01:19:43,000 --> 01:19:45,000
PASTOR ON TELEVISION LIKE A YEAR

2308
01:19:45,000 --> 01:19:48,000
AGO AND HE WAS SAYING ALL THESE

2309
01:19:48,000 --> 01:19:49,000
GOOD THINGS.
I NEVER MET HIM BUT I WAS

2310
01:19:49,000 --> 01:19:50,000
WATCHING HIM.

2311
01:19:50,000 --> 01:19:52,000
I SAID, WE HAVE TO MEET THIS

2312
01:19:52,000 --> 01:19:54,000
MAN.
AND I JUST HAVE SUCH GREAT

2313
01:19:54,000 --> 01:19:56,000
RESPECT FOR HIM.

2314
01:19:56,000 --> 01:19:57,000
YOU CAN SEE THAT.
THANK YOU VERY MUCH.

2315
01:19:57,000 --> 01:20:02,000
THAT'S REALLY AMAZING.

2316
01:20:02,000 --> 01:20:03,000
I'M GOING TO GIVE THE PASTOR A

2317
01:20:03,000 --> 01:20:04,000
LITTLE BIT OF A PRESENT.

2318
01:20:04,000 --> 01:20:06,000
WHAT I SAY, I MEAN.

2319
01:20:06,000 --> 01:20:08,000
I THINK IT IS VERY IMPORTANT FOR

2320
01:20:08,000 --> 01:20:11,000
THE CHRISTIANS IN THE ROOM.

2321
01:20:11,000 --> 01:20:16,000
CHRISTIANITY IS UNDER SIEGE.

2322
01:20:17,000 --> 01:20:19,000
EVERY YEAR IT GETS WEAKER AND

2323
01:20:19,000 --> 01:20:20,000
WEAKER AND WEAKER.

2324
01:20:20,000 --> 01:20:24,000
AND I HAD A MEETING WITH VARIOUS

2325
01:20:24,000 --> 01:20:27,000
MINISTERS AND PASTORS ABOUT TWO

2326
01:20:27,000 --> 01:20:28,000
MONTHS AGO.

2327
01:20:28,000 --> 01:20:30,000
AND I'M PRETTY GOOD AT FIGURING

2328
01:20:30,000 --> 01:20:31,000
THINGS OUT.

2329
01:20:31,000 --> 01:20:32,000
AND I SAT WITH HIM.

2330
01:20:32,000 --> 01:20:35,000
AND SOME OF THEM SAID WE LOVE

2331
01:20:35,000 --> 01:20:37,000
YOU.
WE WANT TO ENDORSE YOU SO BADLY.

2332
01:20:37,000 --> 01:20:39,000
BUT WE'RE AFRAID WE'RE GOING TO

2333
01:20:39,000 --> 01:20:41,000
LOSE IF WE DO THAT OUR TAX

2334
01:20:41,000 --> 01:20:42,000
EXEMPT STATUS.

2335
01:20:42,000 --> 01:20:44,000
AND I SAID WHAT IS THIS ALL

2336
01:20:44,000 --> 01:20:47,000
ABOUT?
THAT TAKES YOU AND IT MAKES YOU

2337
01:20:47,000 --> 01:20:48,000
LESS POWERFUL THAN A MAN OR

2338
01:20:48,000 --> 01:20:50,000
WOMAN WALKING UP AND DOWN THE

2339
01:20:50,000 --> 01:20:51,000
STREET.

2340
01:20:51,000 --> 01:20:52,000
YOU ACTUALLY HAVE LESS POWER.

2341
01:20:52,000 --> 01:20:55,000
AND YET IF YOU LOOK AT IT I WAS

2342
01:20:55,000 --> 01:20:57,000
TALKING TO SOME WE PROBABLY

2343
01:20:57,000 --> 01:20:59,000
HAVE 250 MILLION, MAYBE EVEN

2344
01:20:59,000 --> 01:21:01,000
MORE, IN TERMS OF PEOPLE.

2345
01:21:01,000 --> 01:21:04,000
SO WE HAVE MORE -- WE HAVE MORE

2346
01:21:04,000 --> 01:21:05,000
CHRISTIANS, THINK OF THIS THAN

2347
01:21:05,000 --> 01:21:07,000
WE HAVE MEN OR WOMEN IN OUR

2348
01:21:07,000 --> 01:21:08,000
COUNTRY.

2349
01:21:08,000 --> 01:21:10,000
AND WE DON'T HAVE A LOBBY.

2350
01:21:10,000 --> 01:21:12,000
BECAUSE THEY'RE AFRAID TO HAVE A

2351
01:21:12,000 --> 01:21:13,000
LOBBY BECAUSE THEY DON'T WANT TO

2352
01:21:13,000 --> 01:21:15,000
LOSE THEIR TAX STATUS.

2353
01:21:15,000 --> 01:21:18,000
SO I AM GOING TO WORK LIKE HELL

2354
01:21:18,000 --> 01:21:20,000
TO GET RID OF THAT PROHIBITION.

2355
01:21:20,000 --> 01:21:22,000
AND WE'RE GOING TO HAVE THE

2356
01:21:22,000 --> 01:21:25,000
STRONGEST CHRISTIAN LOBBY AND IT

2357
01:21:25,000 --> 01:21:27,000
IS GOING TO HAPPEN.

2358
01:21:27,000 --> 01:21:32,000
AND IT IS GOING TO HAPPEN.

2359
01:21:33,000 --> 01:21:35,000
THIS TOOK PLACE DURING THE

2360
01:21:35,000 --> 01:21:37,000
PRESIDENCY OF LYNDON JOHNSON,

2361
01:21:37,000 --> 01:21:40,000
AND IT HAS HAD A TERRIBLE

2362
01:21:40,000 --> 01:21:42,000
CHILLING EFFECT.

2363
01:21:42,000 --> 01:21:46,000
WHEN I SAID THAT THERE HAS TO BE

2364
01:21:46,000 --> 01:21:49,000
A TEMPORARY BAN ON CERTAIN

2365
01:21:49,000 --> 01:21:52,000
PEOPLE COMING INTO THIS

2366
01:21:52,000 --> 01:21:54,000
COUNTRY, WE HAVE NO CHOICE.

2367
01:21:54,000 --> 01:21:56,000
THERE IS SOMETHING WRONG.

2368
01:21:56,000 --> 01:21:59,000
THERE IS SOMETHING REALLY WRONG.

2369
01:21:59,000 --> 01:22:02,000
AND WHEN I SAID MUSLIM I WAS

2370
01:22:02,000 --> 01:22:03,000
MET WITH FUROR.

2371
01:22:03,000 --> 01:22:06,000
IF I WOULD HAVE SAID CHRISTIAN,

2372
01:22:06,000 --> 01:22:07,000
PEOPLE WOULD HAVE SAID WE CAN'T

2373
01:22:07,000 --> 01:22:08,000
DO ANYTHING ABOUT IT.

2374
01:22:08,000 --> 01:22:10,000
THAT'S GOING TO END, FOLKS.

2375
01:22:10,000 --> 01:22:11,000
WE'RE GOING TO SAY MERRY

2376
01:22:11,000 --> 01:22:16,000
CHRISTMAS NOW ON CHRISTMAS.

2377
01:22:21,000 --> 01:22:24,000
WE'RE GOING TO START GOING TO

2378
01:22:24,000 --> 01:22:25,000
DEPARTMENT STORES AND YOU'RE

2379
01:22:25,000 --> 01:22:26,000
GOING TO SEE BIG, BEAUTIFUL

2380
01:22:26,000 --> 01:22:28,000
SIGNS THAT IS GOING TO SAY MERRY

2381
01:22:28,000 --> 01:22:33,000
CHRISTMAS AND HAPPY HOLIDAY.

2382
01:22:34,000 --> 01:22:37,000
AND WE'RE GOING TO HAVE A BIG,

2383
01:22:37,000 --> 01:22:38,000
BIG, BIG -- A LOT OF FUN AND GET

2384
01:22:38,000 --> 01:22:40,000
RID OF THAT AND WORK VERY HARD.

2385
01:22:40,000 --> 01:22:41,000
THAT'S ONE OF THE FIRST THING I

2386
01:22:41,000 --> 01:22:43,000
WANT TO DO GET RID OF THAT.

2387
01:22:43,000 --> 01:22:44,000
IF WE USE THAT POWER WE'RE

2388
01:22:44,000 --> 01:22:46,000
GOING TO START GOING UP UP UP

2389
01:22:46,000 --> 01:22:48,000
BECAUSE WE ARE BEING DECIMATED.

2390
01:22:48,000 --> 01:22:49,000
SO JUST REMEMBER THAT JUST

2391
01:22:49,000 --> 01:22:51,000
REMEMBER I SAID IT.

2392
01:22:51,000 --> 01:22:52,000
PASTOR, IT STARTS HERE.

2393
01:22:52,000 --> 01:22:53,000
YOU LIKE THAT?

2394
01:22:53,000 --> 01:22:54,000
WHAT I JUST SAID?

2395
01:22:54,000 --> 01:22:56,000
HE'S HAPPY.

2396
01:22:56,000 --> 01:22:58,000
THAT'S THE BIGGEST SMILE I'VE

2397
01:22:58,000 --> 01:23:01,000
EVER SEEN ON HIS FACE.

2398
01:23:01,000 --> 01:23:02,000
THAT WILL DO IT.

2399
01:23:02,000 --> 01:23:04,000
YOU CAN HOLD ME TO IT PASTOR.

2400
01:23:04,000 --> 01:23:05,000
ALL RIGHT.

2401
01:23:05,000 --> 01:23:07,000
YOU'RE RESPONSIBLE.

2402
01:23:07,000 --> 01:23:08,000
SO, AGAIN, WE'RE GOING TO HAVE A

2403
01:23:08,000 --> 01:23:10,000
GREAT COUNTRY AGAIN.

2404
01:23:10,000 --> 01:23:12,000
WE'RE GOING TO HAVE A SMART

2405
01:23:12,000 --> 01:23:13,000
COUNTRY AGAIN.

2406
01:23:13,000 --> 01:23:15,000
WE'RE GOING TO HAVE TREMENDOUS

2407
01:23:15,000 --> 01:23:16,000
BORDER AND TREMENDOUS STRENGTH

2408
01:23:16,000 --> 01:23:17,000
AND PEOPLE ARE COMING IN, BUT

2409
01:23:17,000 --> 01:23:20,000
WE'RE GOING TO HAVE REAL BORDER.

2410
01:23:20,000 --> 01:23:22,000
WE'RE GOING TO HAVE UNBELIEVABLE

2411
01:23:22,000 --> 01:23:23,000
TRADE DEALS.

2412
01:23:23,000 --> 01:23:25,000
I HAVE CARL ICAHN, SOME OF THE

2413
01:23:25,000 --> 01:23:26,000
BEST BUSINESS PEOPLE IN THE

2414
01:23:26,000 --> 01:23:28,000
WORLD, WE HAVE POLITICAL HACKS

2415
01:23:28,000 --> 01:23:29,000
NEGOTIATING THESE MASSIVE TRADE

2416
01:23:29,000 --> 01:23:30,000
DEALS.

2417
01:23:30,000 --> 01:23:31,000
THE BIGGEST DEALS IN THE WORLD.

2418
01:23:31,000 --> 01:23:33,000
WE HAVE PEOPLE THAT DON'T HAVE

2419
01:23:33,000 --> 01:23:37,000
THE SLIGHTEST CLUE.

2420
01:23:37,000 --> 01:23:39,000
WE'RE GOING TO GET RID OF OBAMA

2421
01:23:39,000 --> 01:23:41,000
CARE, GET RID OF COMMON CORE

2422
01:23:41,000 --> 01:23:42,000
WE'RE GOING TO HAVE LOCAL

2423
01:23:42,000 --> 01:23:43,000
EDUCATION.

2424
01:23:43,000 --> 01:23:45,000
WE'RE GOING TO PROTECT OUR

2425
01:23:45,000 --> 01:23:47,000
SECOND AMENDMENT.
WE'RE GOING TO PROTECT

2426
01:23:47,000 --> 01:23:49,000
CHRISTIANITY.
WE'RE GOING TO BE BACK.

2427
01:23:49,000 --> 01:23:52,000
AND, FOLKS, I'LL TELL YOU, IT IS

2428
01:23:52,000 --> 01:23:55,000
VERY SIMPLE MY WHOLE THEME AND

2429
01:23:55,000 --> 01:23:58,000
YOUR WHOLE THEME BECAUSE WE'RE

2430
01:23:58,000 --> 01:24:00,000
ALTOGETHER, I'M JUST A

2431
01:24:00,000 --> 01:24:01,000
MESSENGER, OUR WHOLE THEME IS

2432
01:24:01,000 --> 01:24:03,000
MAKE AMERICA GREAT AGAIN.

2433
01:24:03,000 --> 01:24:05,000
THAT'S WHAT'S GOING TO HAPPEN.

2434
01:24:05,000 --> 01:24:07,000
WE'RE GOING TO WIN A LOT, FOLKS.

2435
01:24:07,000 --> 01:24:10,000
WE'RE GOING TO WIN ALL THE TIME.

2436
01:24:10,000 --> 01:24:12,000
THANK YOU VERY MUCH.
I LOVE TEXAS.

2437
01:24:12,000 --> 01:24:13,000
I LOVE TEXAS.

2438
01:24:13,000 --> 01:24:15,000
GET OUT THERE AND VOTE.

2439
01:24:15,000 --> 01:24:16,000
GET OUT THERE AND VOTE.

2440
01:24:16,000 --> 01:24:21,000
THANK YOU.

2441
01:24:21,000 --> 01:24:22,000
THANK YOU.

2442
01:24:22,000 --> 01:24:23,000
THANK YOU, EVERYBODY.

2443
01:24:23,000 --> 01:24:24,000
>>> THAT IS DONALD TRUMP

2444
01:24:24,000 --> 01:24:28,000
WRAPPING UP A RALLY IN TEXAS.

2445
01:24:28,000 --> 01:24:30,000
EARLIER TODAY RIGHT BEFORE HE

2446
01:24:30,000 --> 01:24:32,000
WAS OUT WITH HIS SUPPORTERS, HE

2447
01:24:32,000 --> 01:24:35,000
WAS JOINED BY NEW JERSEY

2448
01:24:35,000 --> 01:24:37,000
GOVERNOR CHRIS CHRISTIE WHO

2449
01:24:37,000 --> 01:24:39,000
ENDORSED HIM FOR PRESIDENT.

2450
01:24:39,000 --> 01:24:40,000
MR. TRUMP, THAT WAS THE FIRST

2451
01:24:40,000 --> 01:24:43,000
TIME THAT I HAVE SEEN A FULL

2452
01:24:43,000 --> 01:24:46,000
VERSION OF HIS STUMP SPEECH

2453
01:24:46,000 --> 01:24:48,000
WHICH GOES A LOT OF DIFFERENT

2454
01:24:48,000 --> 01:24:50,000
PLACES.
WE'RE GOING TO BE GREAT, SMART,

2455
01:24:50,000 --> 01:24:51,000
UNBELIEVABLE.

2456
01:24:51,000 --> 01:24:53,000
AND MAYBE MOST TELLINGLY OF ALL,

2457
01:24:53,000 --> 01:24:55,000
SENATOR KAY BAILEY HUTCHISON OF

2458
01:24:55,000 --> 01:24:57,000
TEXAS, WE'RE GOING TO HAVE A BIG

2459
01:24:57,000 --> 01:25:00,000
LOT OF FUN SAID MR. TRUMP.

2460
01:25:00,000 --> 01:25:02,000
WELCOME, SENATOR HUTCHISON.

2461
01:25:02,000 --> 01:25:03,000
GLAD YOU COULD BE WITH US.

2462
01:25:03,000 --> 01:25:04,000
>> THANK YOU VERY MUCH.

2463
01:25:04,000 --> 01:25:05,000
I HEARD IT FOR THE FIRST TIME AS

2464
01:25:05,000 --> 01:25:09,000
WELL.
VERY INTERESTING.

2465
01:25:09,000 --> 01:25:11,000
>> THAT'S ONE WAY TO PUT IT.

2466
01:25:11,000 --> 01:25:13,000
LET'S CUT TO THE CHASE HERE.

2467
01:25:13,000 --> 01:25:15,000
THE PRIMARY IN YOUR STATE IS

2468
01:25:15,000 --> 01:25:16,000
TUESDAY.
WHO IS YOUR HORSE IN THIS RACE?

2469
01:25:16,000 --> 01:25:19,000
>> I DON'T HAVE A HORSE IN THE

2470
01:25:19,000 --> 01:25:21,000
RACE.
BECAUSE I WORKED WITH YOU ALL, I

2471
01:25:21,000 --> 01:25:23,000
HAVEN'T ENDORSED ANYONE.

2472
01:25:23,000 --> 01:25:27,000
I'VE BEEN WATCHING CLOSELY.

2473
01:25:27,000 --> 01:25:29,000
AND I THINK WE'RE DOWN TO

2474
01:25:29,000 --> 01:25:33,000
PROBABLY A THREE-PERSON RACE.

2475
01:25:33,000 --> 01:25:34,000
AND, YOU KNOW I THINK IT IS

2476
01:25:34,000 --> 01:25:36,000
REALLY UP FOR GRABS IN TEXAS.

2477
01:25:36,000 --> 01:25:38,000
THOUGH I THINK CRUZ IS AHEAD FOR

2478
01:25:38,000 --> 01:25:39,000
SURE.

2479
01:25:39,000 --> 01:25:44,000
HE'S THE HOMETOWN SENATOR.

2480
01:25:44,000 --> 01:25:47,000
BUT I THINK THERE IS A LOT GOING

2481
01:25:47,000 --> 01:25:48,000
ON.
I THINK IT IS NOT DECIDED YET.

2482
01:25:48,000 --> 01:25:52,000
>> HOW DO YOU FEEL AS A MEMBER

2483
01:25:52,000 --> 01:25:54,000
OF LET'S JUST USE THE PHRASE OUT

2484
01:25:54,000 --> 01:25:56,000
THERE, REPUBLICAN ESTABLISHMENT.

2485
01:25:56,000 --> 01:25:57,000
YOU'RE A SENATOR FOR FOUR TERMS.

2486
01:25:57,000 --> 01:25:59,000
HOW DO YOU FEEL ABOUT THE FACT

2487
01:25:59,000 --> 01:26:03,000
THAT THE ESTABLISHMENT IS UNDER

2488
01:26:03,000 --> 01:26:06,000
SUCH ATTACK MOST ESPECIALLY BY

2489
01:26:06,000 --> 01:26:07,000
MR. TRUMP.
>> I THINK THAT'S A GREAT

2490
01:26:07,000 --> 01:26:09,000
QUESTION BECAUSE I AM PART OF

2491
01:26:09,000 --> 01:26:13,000
THE DREADFUL ESTABLISHMENT.

2492
01:26:13,000 --> 01:26:16,000
AND I THINK -- I UNDERSTAND THE

2493
01:26:16,000 --> 01:26:18,000
FRUSTRATION, I DO.

2494
01:26:18,000 --> 01:26:20,000
PEOPLE ARE VERY FRUSTRATED,

2495
01:26:20,000 --> 01:26:23,000
ESPECIALLY THE MIDDLE CLASS AND

2496
01:26:23,000 --> 01:26:24,000
PEOPLE WORKING SO HARD AND NOT

2497
01:26:24,000 --> 01:26:25,000
GETTING AHEAD.

2498
01:26:25,000 --> 01:26:29,000
I DO UNDERSTAND THAT.

2499
01:26:29,000 --> 01:26:31,000
I THINK WHAT'S MISSING IS THAT

2500
01:26:31,000 --> 01:26:32,000
ONCE THERE IS AN ELECTION YOU

2501
01:26:32,000 --> 01:26:35,000
HAVE TO WORK WITH WHAT YOU HAVE.

2502
01:26:35,000 --> 01:26:36,000
AS GEORGE WASHINGTON SAID I

2503
01:26:36,000 --> 01:26:38,000
HAVE TO GO INTO BATTLE WITH THE

2504
01:26:38,000 --> 01:26:40,000
ARMY THAT I HAVE.

2505
01:26:40,000 --> 01:26:42,000
AND YOU GET THE MOST YOU CAN.

2506
01:26:42,000 --> 01:26:45,000
RONALD REAGAN SAID IT HE DID

2507
01:26:45,000 --> 01:26:46,000
EXACTLY THAT.

2508
01:26:46,000 --> 01:26:49,000
HE WORKED WITH EVERYONE WHO WAS

2509
01:26:49,000 --> 01:26:51,000
ELECTED.
AND HE MOVED OUR COUNTRY FORWARD

2510
01:26:51,000 --> 01:26:54,000
IN THE RIGHT DIRECTION.

2511
01:26:54,000 --> 01:26:56,000
OUR COUNTRY IS GOING IN THE

2512
01:26:56,000 --> 01:26:57,000
WRONG DIRECTION NOW.

2513
01:26:57,000 --> 01:26:59,000
IF WE CAN -- AFTER THE ELECTION

2514
01:26:59,000 --> 01:27:02,000
COME TOGETHER AND HOPEFULLY WE

2515
01:27:02,000 --> 01:27:04,000
HAVE WINS IN CONGRESS AND THE

2516
01:27:04,000 --> 01:27:06,000
PRESIDENCY, WE GOT TO CHANGE THE

2517
01:27:06,000 --> 01:27:07,000
DIRECTION OF OUR COUNTRY.

2518
01:27:07,000 --> 01:27:10,000
BUT WE HAVE TO DO IT WITHIN OUR

2519
01:27:10,000 --> 01:27:13,000
CONSTITUTIONAL SYSTEM.
THAT'S WHAT I THINK IS MISSING.

2520
01:27:13,000 --> 01:27:14,000
>> IT IS MICHELLE HERE.

2521
01:27:14,000 --> 01:27:16,000
I'M GOING TO ASSUME FOR NOW, I

2522
01:27:16,000 --> 01:27:17,000
DON'T KNOW IF IT IS A GOOD

2523
01:27:17,000 --> 01:27:18,000
ASSUMPTION OR NOT, HILLARY

2524
01:27:18,000 --> 01:27:20,000
CLINTON IS AT THE TOP OF THE

2525
01:27:20,000 --> 01:27:21,000
DEMOCRATIC TICKET WHEN WE COME

2526
01:27:21,000 --> 01:27:22,000
TO THE FINAL RACE.

2527
01:27:22,000 --> 01:27:24,000
IF DONALD TRUMP DOES GET THE GOP

2528
01:27:24,000 --> 01:27:27,000
NOMINATION, DO YOU THINK HE CAN

2529
01:27:27,000 --> 01:27:28,000
BEAT HER?

2530
01:27:28,000 --> 01:27:29,000
>> I THINK THINGS ARE SO

2531
01:27:29,000 --> 01:27:31,000
DIFFERENT NOW IN OUR COUNTRY AND

2532
01:27:31,000 --> 01:27:33,000
I THINK THIS ELECTION IS GOING

2533
01:27:33,000 --> 01:27:35,000
TO BE DIFFERENT FROM ANY THAT WE

2534
01:27:35,000 --> 01:27:37,000
HAD CERTAINLY IN MY LIFETIME.

2535
01:27:37,000 --> 01:27:40,000
AND, YES, I THINK THE REPUBLICAN

2536
01:27:40,000 --> 01:27:41,000
CANDIDATE COULD WIN.

2537
01:27:41,000 --> 01:27:43,000
WHETHER IT IS TRUMP, RUBIO,

2538
01:27:43,000 --> 01:27:46,000
CRUZ KASICH CARSON I THINK

2539
01:27:46,000 --> 01:27:50,000
ANY OF THEM CAN WIN BECAUSE --

2540
01:27:50,000 --> 01:27:52,000
IF THEY TALK ABOUT WHAT THEY

2541
01:27:52,000 --> 01:27:53,000
WANT TO DO DIFFERENTLY FROM

2542
01:27:53,000 --> 01:27:57,000
WHERE OUR COUNTRY IS GOING RIGHT

2543
01:27:57,000 --> 01:27:58,000
NOW.
NATIONAL SECURITY.

2544
01:27:58,000 --> 01:27:59,000
>> WHERE ARE WE IN THIS COUNTRY

2545
01:27:59,000 --> 01:28:01,000
RIGHT NOW, IN A BROADER

2546
01:28:01,000 --> 01:28:03,000
PERSPECTIVE.
ANOTHER MASS SHOOTING YESTERDAY

2547
01:28:03,000 --> 01:28:04,000
IN KANSAS.

2548
01:28:04,000 --> 01:28:05,000
GETTING TO BE A WEEKLY EVENT.

2549
01:28:05,000 --> 01:28:08,000
BERNIE SANDERS PROMOTING FORMER

2550
01:28:08,000 --> 01:28:10,000
DEMOCRATIC SOCIALISM AND DONALD

2551
01:28:10,000 --> 01:28:14,000
TRUMP THROWING WATER AROUND

2552
01:28:14,000 --> 01:28:18,000
MAKING FUN OF MARKCO RUBIO'S

2553
01:28:18,000 --> 01:28:19,000
APPARENT PROPENSITY TO SWEAT.

2554
01:28:19,000 --> 01:28:21,000
WHERE DO WE GO IN THIS COUNTRY?

2555
01:28:21,000 --> 01:28:22,000
WHERE ARE WE?

2556
01:28:22,000 --> 01:28:24,000
>> FAIR POINT.

2557
01:28:24,000 --> 01:28:29,000
WHAT WE HAVE TO LOOK AT IS WHAT

2558
01:28:29,000 --> 01:28:30,000
IS AFFECTING OUR COUNTRY THE

2559
01:28:30,000 --> 01:28:31,000
MOST.

2560
01:28:31,000 --> 01:28:32,000
IT IS THE ECONOMY.
IT IS THE STAGNANT ECONOMY.

2561
01:28:32,000 --> 01:28:35,000
IT IS THE OPPRESSIVE REGULATORY

2562
01:28:35,000 --> 01:28:37,000
TAX RE JIM THAT IS HOLDING OUR

2563
01:28:37,000 --> 01:28:41,000
SMALL BUSINESS PEOPLE FROM BEING

2564
01:28:41,000 --> 01:28:42,000
ABLE TOIO. GROW.

2565
01:28:42,000 --> 01:28:47,000
THE JUSTICE DEPARTMENT IS FINING

2566
01:28:47,000 --> 01:28:49,000
THEM INSTEAD OF SAYING WE WANT

2567
01:28:49,000 --> 01:28:53,000
OUR COMPANIES TO SUCCEED, WE

2568
01:28:53,000 --> 01:28:56,000
WANT OUR BANKS TO LEND BUSINESS

2569
01:28:56,000 --> 01:28:58,000
TOIO AND JOBS SGROW AND JOBS TO BE

2570
01:28:58,000 --> 01:28:59,000
CREATED.
THAT'S NUMBER ONE.

2571
01:28:59,000 --> 01:29:01,000
NUMBER TWO IS NATIONAL SECURITY

2572
01:29:01,000 --> 01:29:02,000
OUR PLACE IN THE WORLD.

2573
01:29:02,000 --> 01:29:05,000
HAVING OUR ALLIES TRUST US AND

2574
01:29:05,000 --> 01:29:06,000
ENEMIES THINK THEY BETTER THINK

2575
01:29:06,000 --> 01:29:10,000
TWICE BEFORE THEY FOOL WITH US.

2576
01:29:10,000 --> 01:29:12,000
>> I FEEL LIKE WE'RE AT A

2577
01:29:12,000 --> 01:29:15,000
BREAKING POINT.

2578
01:29:15,000 --> 01:29:20,000
FORGET THE FACT AS A JOURNAL ISTIST.

2579
01:29:22,000 --> 01:29:23,000
EVERYBODY IS ANGRY.

2580
01:29:23,000 --> 01:29:25,000
WHERE DO WE GO IN THIS COUNTRY?

2581
01:29:25,000 --> 01:29:27,000
HOW DO WE BRIDGE THIS?

2582
01:29:27,000 --> 01:29:28,000
IT IS SO DEPRESSING.

2583
01:29:28,000 --> 01:29:30,000
>> I AGREE WITH YOU.

2584
01:29:30,000 --> 01:29:32,000
AND I THINK WE HAVE GOT TO GO

2585
01:29:32,000 --> 01:29:33,000
BACK TO WHAT BUILT OUR COUNTRY.

2586
01:29:33,000 --> 01:29:35,000
IT WAS A MORAL STANDARD.

2587
01:29:35,000 --> 01:29:38,000
AND, YOU KNOW IF SOMEBODY IS ON

2588
01:29:38,000 --> 01:29:41,000
A BLOG AND IT LOOKS TO ME LIKE

2589
01:29:41,000 --> 01:29:43,000
BLOGGERS ARE NEVER HAPPY, ALWAYS

2590
01:29:43,000 --> 01:29:48,000
CRITICAL.
THEY'RE DOING IT ANONYMOUSLY.

2591
01:29:48,000 --> 01:29:51,000
IF YOU'RE GOING TO CRITICIZE

2592
01:29:51,000 --> 01:29:53,000
SOMEONE, SAY IT TO THEIR FACE.

2593
01:29:53,000 --> 01:29:54,000
I THINK WE WOULD HAVE A BETTER

2594
01:29:54,000 --> 01:29:57,000
TONE CIVILITY AND

2595
01:29:57,000 --> 01:29:58,000
ANTI-ESTABLISHMENT MOVEMENT IS

2596
01:29:58,000 --> 01:30:02,000
NOT HELPING THE CIVILITY IN THIS

2597
01:30:02,000 --> 01:30:05,000
COUNTRY, IT IS A RHETORIC THAT

2598
01:30:05,000 --> 01:30:07,000
IS HARSH AND DOESN'T HAVE

2599
01:30:07,000 --> 01:30:09,000
SOLUTIONS.
IT HAS CRITICISMS.

2600
01:30:09,000 --> 01:30:11,000
WE NEED TO GO BACK TO THE MORAL

2601
01:30:11,000 --> 01:30:13,000
STANDARD THAT BUILT THE COUNTRY.

2602
01:30:13,000 --> 01:30:15,000
>> SENATOR, AS YOU LISTEN TO MR.

2603
01:30:15,000 --> 01:30:16,000
TRUMP, I'M INTERESTED TO HEAR

2604
01:30:16,000 --> 01:30:18,000
YOU, LIKE ME THAT WAS THE FIRST

2605
01:30:18,000 --> 01:30:20,000
TIME YOU HEARD THE FULL TRUMP

2606
01:30:20,000 --> 01:30:21,000
THERE, AS YOU LISTEN TO IT AS A

2607
01:30:21,000 --> 01:30:25,000
MEMBER OF THE GOP, DO YOU FIND

2608
01:30:25,000 --> 01:30:27,000
YOURSELF NODDING YOUR HEAD OR

2609
01:30:27,000 --> 01:30:28,000
SHAKING YOUR HEAD?

2610
01:30:28,000 --> 01:30:29,000
>> BOTH.
BOTH.

2611
01:30:29,000 --> 01:30:30,000
SOME OF THE THINGS HE SAID

2612
01:30:30,000 --> 01:30:32,000
ARE -- I'M RIGHT WITH AND SOME

2613
01:30:32,000 --> 01:30:35,000
OF THE THINGS HE SAID I THINK

2614
01:30:35,000 --> 01:30:37,000
WILL HURT US INTERNATIONALLY.

2615
01:30:37,000 --> 01:30:42,000
>> IDENTIFY WHICH IS WHICH.

2616
01:30:42,000 --> 01:30:43,000
>> WHAT HE'S SAYING ABOUT

2617
01:30:43,000 --> 01:30:45,000
FREEDOM, THE SECOND AMENDMENT, I

2618
01:30:45,000 --> 01:30:46,000
THINK THE THINGS HE IS SAYING

2619
01:30:46,000 --> 01:30:50,000
ABOUT JOB CREATING ABOUT OUR

2620
01:30:50,000 --> 01:30:51,000
BORDERS, HAVING -- WHAT HE'S

2621
01:30:51,000 --> 01:30:53,000
SAYING IS LEGAL IMMIGRATION,

2622
01:30:53,000 --> 01:30:55,000
YES.
ILLEGAL IMMIGRATION, NO.

2623
01:30:55,000 --> 01:30:57,000
AND THOSE ARE THE THINGS THAT WE

2624
01:30:57,000 --> 01:30:58,000
AGREE WITH.

2625
01:30:58,000 --> 01:31:02,000
BUT WHEN HE GOES OFF INTO

2626
01:31:02,000 --> 01:31:05,000
CRITICIZING PEOPLE PERSONALLY

2627
01:31:05,000 --> 01:31:08,000
TALKING ABOUT MARCO SWEATING OR

2628
01:31:08,000 --> 01:31:10,000
THOSE KINDS OF THINGS THAT'S --

2629
01:31:10,000 --> 01:31:11,000
THOSE ARE RED HERRINGS.

2630
01:31:11,000 --> 01:31:13,000
THAT FEEDS INTO THIS SOCIAL

2631
01:31:13,000 --> 01:31:15,000
MEDIA THAT IS SO NEGATIVE.

2632
01:31:15,000 --> 01:31:17,000
SO YOU ARE FINDING THINGS THAT

2633
01:31:17,000 --> 01:31:19,000
YOU THINK HE'S RIGHT ABOUT.

2634
01:31:19,000 --> 01:31:21,000
BUT YOU ALSO HAVE TO MAKE THE

2635
01:31:21,000 --> 01:31:23,000
TRANSITION INTO THE BIG PICTURE

2636
01:31:23,000 --> 01:31:25,000
WHICH YOU HAVE JUST DISCUSSED

2637
01:31:25,000 --> 01:31:27,000
AND THAT IS OKAY HOW DO WE FIX

2638
01:31:27,000 --> 01:31:28,000
IT?

2639
01:31:28,000 --> 01:31:31,000
WHAT ARE THE SOLUTIONS?

2640
01:31:31,000 --> 01:31:32,000
GIVE ME THE DETAILS.

2641
01:31:32,000 --> 01:31:34,000
I LOOK AT PAUL RYAN TRYING TO

2642
01:31:34,000 --> 01:31:37,000
LEAD THE HOUSE OF

2643
01:31:37,000 --> 01:31:38,000
REPRESENTATIVES.
AND HE WANTS TO GET BACK TO THE

2644
01:31:38,000 --> 01:31:39,000
ISSUES.

2645
01:31:39,000 --> 01:31:42,000
HOW CAN WE HAVE A BALANCED

2646
01:31:42,000 --> 01:31:44,000
BUDGET?
SO PEOPLE CAN MAKE INVESTMENTS,

2647
01:31:44,000 --> 01:31:45,000
GET LOANS.

2648
01:31:45,000 --> 01:31:47,000
HE'S TALKING ABOUT WHAT REALLY

2649
01:31:47,000 --> 01:31:49,000
MATTERS.
ENTITLEMENT REFORM FOR HEAVEN

2650
01:31:49,000 --> 01:31:50,000
STAKE SAKES.

2651
01:31:50,000 --> 01:31:51,000
ALL THE THINGS I HEARD TALKED

2652
01:31:51,000 --> 01:31:53,000
ABOUT IN THESE DEBATES IS

2653
01:31:53,000 --> 01:31:54,000
CUTTING SPENDING.

2654
01:31:54,000 --> 01:31:56,000
HOW ARE YOU GOING TO CUT

2655
01:31:56,000 --> 01:31:58,000
SPENDING?
YOU CUT SOME LITTLE MINOR PART

2656
01:31:58,000 --> 01:32:02,000
OF DISCRETIONARY SPENDING.

2657
01:32:02,000 --> 01:32:04,000
YOU GOT TO FIX ENTITLEMENTS.

2658
01:32:04,000 --> 01:32:05,000
>> THOSE ARE ALL BIG ISSUES.

2659
01:32:05,000 --> 01:32:07,000
BUT I THINK THAT WHEN THE

2660
01:32:07,000 --> 01:32:08,000
AUDIENCE LISTENS TO DONALD

2661
01:32:08,000 --> 01:32:09,000
TRUMP, THEY REALLY LIKE IT WHEN

2662
01:32:09,000 --> 01:32:14,000
HE MAKES FUN OF MARCO RUBIO

2663
01:32:14,000 --> 01:32:16,000
SWEATING.
HE MAKES REFERENCE TO THE WATER

2664
01:32:16,000 --> 01:32:17,000
THAT HE --

2665
01:32:17,000 --> 01:32:18,000
>> WHAT IS THAT SAYING?

2666
01:32:18,000 --> 01:32:20,000
>> HE SEEMS TO HAVE TAPPED INTO

2667
01:32:20,000 --> 01:32:21,000
SOME KIND OF THING.

2668
01:32:21,000 --> 01:32:25,000
>> IN YOUR HOME STATE, YOU MUST

2669
01:32:25,000 --> 01:32:28,000
KNOW TED CRUZ VERY WELL.

2670
01:32:28,000 --> 01:32:31,000
WHAT DO YOU THINK OF HIM.

2671
01:32:31,000 --> 01:32:33,000
DOES HE HAVE TO WIN TUESDAY?

2672
01:32:33,000 --> 01:32:35,000
>> WELL FIRST OF ALL, YES, HE

2673
01:32:35,000 --> 01:32:36,000
HAS TO WIN.

2674
01:32:36,000 --> 01:32:38,000
JUST LIKE MARCO HAS TO WIN

2675
01:32:38,000 --> 01:32:40,000
FLORIDA.
I THINK -- I BELIEVE THAT YOU

2676
01:32:40,000 --> 01:32:42,000
HAVE TO CARRY YOUR HOME STATE

2677
01:32:42,000 --> 01:32:45,000
WHERE PEOPLE SHOULD KNOW YOU

2678
01:32:45,000 --> 01:32:48,000
BEST.
AND I THINK THAT LIKE EVERYONE,

2679
01:32:48,000 --> 01:32:49,000
I THINK THERE ARE GOOD POINTS

2680
01:32:49,000 --> 01:32:51,000
AND BAD POINTS.

2681
01:32:51,000 --> 01:32:52,000
JUST LIKE THERE ARE WITH TRUMP

2682
01:32:52,000 --> 01:32:56,000
AND WITH RUBIO AND OTHERS NO

2683
01:32:56,000 --> 01:32:57,000
ONE IS PERFECT HERE.

2684
01:32:57,000 --> 01:33:00,000
AND I THINK WE KNOW WHAT --

2685
01:33:00,000 --> 01:33:01,000
PRETTY MUCH WHERE THESE PEOPLE

2686
01:33:01,000 --> 01:33:03,000
ARE AND WHAT THEY ARE.

2687
01:33:03,000 --> 01:33:05,000
SO WE'RE GOING TO HAVE TO MAKE

2688
01:33:05,000 --> 01:33:07,000
THE CHOICES OF WHO IS GOING TO

2689
01:33:07,000 --> 01:33:12,000
CARRY OUR COUNTRY FORWARD WITH A

2690
01:33:12,000 --> 01:33:14,000
BASIS OF SOLUTION GETTING

2691
01:33:14,000 --> 01:33:16,000
INSTEAD OF CRITICIZING,

2692
01:33:16,000 --> 01:33:17,000
CRITICIZING, CRITICIZING.

2693
01:33:17,000 --> 01:33:19,000
AND I HOPE THAT OUR ELECTORATE

2694
01:33:19,000 --> 01:33:23,000
IS BEGINNING TO NOW SEE A

2695
01:33:23,000 --> 01:33:25,000
SMALLER FIELD AND WHO COULD

2696
01:33:25,000 --> 01:33:26,000
REALLY LEAD THIS COUNTRY, WHO

2697
01:33:26,000 --> 01:33:28,000
WILL BE CREATIVE WHO WILL KNOW

2698
01:33:28,000 --> 01:33:31,000
WHAT IS REALLY WRONG THAT HAS TO

2699
01:33:31,000 --> 01:33:32,000
BE FIXED.

2700
01:33:32,000 --> 01:33:33,000
AND OUR COUNTRY IS NOT GOING IN

2701
01:33:33,000 --> 01:33:34,000
THE RIGHT DIRECTION.

2702
01:33:34,000 --> 01:33:36,000
I THINK THAT IS WHY THERE IS SO

2703
01:33:36,000 --> 01:33:38,000
MUCH INTEREST IN THIS ELECTION.

2704
01:33:38,000 --> 01:33:40,000
AND I THINK WHEN WE GET DOWN TO

2705
01:33:40,000 --> 01:33:43,000
THE END, THEY'RE GOING TO BE

2706
01:33:43,000 --> 01:33:44,000
VERY DIFFERENT VISIONS FOR HOW

2707
01:33:44,000 --> 01:33:47,000
WE ACHIEVE WHAT BUILT THIS

2708
01:33:47,000 --> 01:33:48,000
COUNTRY, WHICH IS THAT YOU ARE

2709
01:33:48,000 --> 01:33:51,000
REWARDED FOR HARD WORK THAT WE

2710
01:33:51,000 --> 01:33:53,000
HAVE AN ECONOMY THAT CREATES

2711
01:33:53,000 --> 01:33:55,000
JOBS, THAT WE APPRECIATE THE

2712
01:33:55,000 --> 01:33:56,000
WORKING PEOPLE OF THIS COUNTRY,

2713
01:33:56,000 --> 01:33:58,000
AND THE CORPORATE PEOPLE OF THIS

2714
01:33:58,000 --> 01:33:59,000
COUNTRY WHO ARE MAKING OUR

2715
01:33:59,000 --> 01:34:00,000
ECONOMY GO.

2716
01:34:00,000 --> 01:34:02,000
WE DON'T WANT JOBS CREATED IN

2717
01:34:02,000 --> 01:34:03,000
GOVERNMENT.

2718
01:34:03,000 --> 01:34:05,000
WE WANT JOBS CREATED IN THE

2719
01:34:05,000 --> 01:34:07,000
PRIVATE SECTOR.
>> FORMER TEXAS SENATOR KAY

2720
01:34:07,000 --> 01:34:09,000
BAILEY HUTCHISON.

2721
01:34:09,000 --> 01:34:10,000
THANK YOU FOR TAKING TIME WITH

2722
01:34:10,000 --> 01:34:11,000
US.

2723
01:34:11,000 --> 01:34:14,000
>> THANK YOU VERY MUCH.
>> WE HAVE BREAKING NEWS DOWN IN

2724
01:34:14,000 --> 01:34:15,000
WASHINGTON, D.C.

2725
01:34:15,000 --> 01:34:17,000
TO EAMON JAVERS.

2726
01:34:17,000 --> 01:34:19,000
>> THE IRS IS PUTTING OUT A NEW

2727
01:34:19,000 --> 01:34:20,000
STATEMENT HERE IN THE PAST

2728
01:34:20,000 --> 01:34:21,000
COUPLE OF MINUTES BACK TO THAT

2729
01:34:21,000 --> 01:34:23,000
HACKING ATTEMPT LAST SPRING.

2730
01:34:23,000 --> 01:34:25,000
IF YOU REMEMBER BACK IN MAY, THE

2731
01:34:25,000 --> 01:34:26,000
IRS SAID HACKERS HAD BEEN ABLE

2732
01:34:26,000 --> 01:34:28,000
TO USE THE SO-CALLED GET

2733
01:34:28,000 --> 01:34:30,000
TRANSCRIPT FEATURE OF THE IRS'

2734
01:34:30,000 --> 01:34:32,000
WEBSITE TO GET IN AND GET

2735
01:34:32,000 --> 01:34:34,000
POTENTIAL ACCESS ANYWAY TO

2736
01:34:34,000 --> 01:34:35,000
TAXPAYER INFORMATION USING DATA

2737
01:34:35,000 --> 01:34:37,000
THEY ALREADY HAD.

2738
01:34:37,000 --> 01:34:38,000
INPUTTING THE DATA AND GETTING

2739
01:34:38,000 --> 01:34:39,000
TAX INFORMATION SENT TO THEM AS

2740
01:34:39,000 --> 01:34:41,000
IF THEY WERE THE TAXPAYER.

2741
01:34:41,000 --> 01:34:43,000
NOW PUTTING OUT NEW NUMBERS HERE

2742
01:34:43,000 --> 01:34:44,000
AROUND THAT ATTACK AND SAYING

2743
01:34:44,000 --> 01:34:45,000
THEY HAVE GONE BACK AND DONE A

2744
01:34:45,000 --> 01:34:50,000
DEEPER DIVE INTO IT.

2745
01:34:51,000 --> 01:34:53,000
THEY FOUND POTENTIAL ACCESS OF

2746
01:34:53,000 --> 01:34:55,000
390,000 ADDITIONAL TAXPAYER

2747
01:34:55,000 --> 01:34:57,000
ACCOUNTS DURING THE PERIOD FROM

2748
01:34:57,000 --> 01:34:59,000
JANUARY 2014 THROUGH MAY OF

2749
01:34:59,000 --> 01:35:01,000
2015.
IN ADDITION, THE IRS SAYS

2750
01:35:01,000 --> 01:35:02,000
295,000 TAXPAYER TRANSCRIPTS

2751
01:35:02,000 --> 01:35:04,000
WERE TARGETED.

2752
01:35:04,000 --> 01:35:06,000
BUT ACCESS WAS NOT SUCCESSFUL.

2753
01:35:06,000 --> 01:35:08,000
SO A LOT MORE PEOPLE HERE

2754
01:35:08,000 --> 01:35:10,000
POTENTIALLY AFFECTED IN THIS

2755
01:35:10,000 --> 01:35:12,000
HACK THAN INITIALLY KNOWN.

2756
01:35:12,000 --> 01:35:13,000
>> THANK YOU VERY MUCH.

2757
01:35:13,000 --> 01:35:14,000
WE APPRECIATE THAT.

2758
01:35:14,000 --> 01:35:16,000
WE'RE AWAITING SENATOR MARCO

2759
01:35:16,000 --> 01:35:17,000
RUBIO, WHO IS APPARENTLY GOING

2760
01:35:17,000 --> 01:35:19,000
TO MAKE SOME REMARKS SOMEWHERE,

2761
01:35:19,000 --> 01:35:21,000
MAYBE HE'LL BRING SOME WATER AS

2762
01:35:21,000 --> 01:35:22,000
WELL.
WHO KNOWS.

2763
01:35:22,000 --> 01:35:24,000
REVISION IN FOURTH QUARTER GDP

2764
01:35:24,000 --> 01:35:25,000
MEANTIME SHOWING THE U.S.

2765
01:35:25,000 --> 01:35:28,000
ECONOMIC GROWTH WAS BETTER THAN

2766
01:35:28,000 --> 01:35:31,000
EXPECTED.
GREW AT AN ANNUAL RATE OF 1% ON

2767
01:35:31,000 --> 01:35:33,000
THE NOSE INSTEAD OF .7%.

2768
01:35:33,000 --> 01:35:35,000
WILL THIS SLIGHT UPTICK LAST?

2769
01:35:35,000 --> 01:35:40,000
DISCUSS THAT AND MORE BROOKLYN

2770
01:35:42,000 --> 01:35:47,000
DWYER, AND JOSEPH LAVORNA.

2771
01:35:47,000 --> 01:35:49,000
YOU JUST DOWNMARKED THE GLOBAL

2772
01:35:49,000 --> 01:35:50,000
ECONOMY.

2773
01:35:50,000 --> 01:35:52,000
HAD DO YOU SEE THAT CAUSED YOU

2774
01:35:52,000 --> 01:35:53,000
TO DO THAT?

2775
01:35:53,000 --> 01:35:55,000
>> WELL, CLEARLY THERE ARE A LOT

2776
01:35:55,000 --> 01:35:56,000
OF TROUBLE SPOTS.

2777
01:35:56,000 --> 01:35:58,000
WE SEE CHINA STRUGGLING WITH ITS

2778
01:35:58,000 --> 01:36:00,000
OWN ECONOMY.

2779
01:36:00,000 --> 01:36:01,000
PROBABLY HAVING TO DEVALUE

2780
01:36:01,000 --> 01:36:03,000
CURRENCY ONE MORE TIME THIS

2781
01:36:03,000 --> 01:36:05,000
YEAR.

2782
01:36:05,000 --> 01:36:07,000
BRAZIL IS IN A DEPRESSION AND

2783
01:36:07,000 --> 01:36:08,000
COULD BE IN EVEN LONGER

2784
01:36:08,000 --> 01:36:09,000
DEPRESSION.

2785
01:36:09,000 --> 01:36:11,000
THINGS COULD GET RALLY BAD.

2786
01:36:11,000 --> 01:36:12,000
RUSSIA LOOKS LIKE IT COULD RUN

2787
01:36:12,000 --> 01:36:14,000
OUT OF CASH BY THE END OF THE

2788
01:36:14,000 --> 01:36:15,000
YEAR.
THAT COULD BE QUITE STRESSFUL.

2789
01:36:15,000 --> 01:36:20,000
AND THE EUROPEAN SITUATION WE

2790
01:36:20,000 --> 01:36:22,000
HAVE VERY LOW INFLATION,
INFLATION NUMBERS OUT THIS

2791
01:36:22,000 --> 01:36:23,000
MORNING SUGGESTING IT COULD BE

2792
01:36:23,000 --> 01:36:26,000
LOWER THAN EXPECTED WHICH MEANS

2793
01:36:26,000 --> 01:36:27,000
CENTRAL BANK WILL HAVE TO

2794
01:36:27,000 --> 01:36:28,000
RESPOND.
>> DOES A LOW IN GLOBAL ECONOMY

2795
01:36:28,000 --> 01:36:30,000
PULL THE U.S. INTO RECESSION OR

2796
01:36:30,000 --> 01:36:32,000
THE U.S. PULL THE WORLD ECONOMY

2797
01:36:32,000 --> 01:36:34,000
OUT?
>> WORKS BOTH WAYS.

2798
01:36:34,000 --> 01:36:37,000
RIGHT NOW THE U.S. HAS BEEN THE

2799
01:36:37,000 --> 01:36:39,000
OUTPERFORMER.
WE DON'T HAVE A TREMENDOUS

2800
01:36:39,000 --> 01:36:40,000
AMOUNT OF EXPORTS TO THE REST OF

2801
01:36:40,000 --> 01:36:42,000
THE WORLD, BUT NOT UNAFFECTED.

2802
01:36:42,000 --> 01:36:44,000
THAT GLOBAL SENTIMENT AND RISK

2803
01:36:44,000 --> 01:36:47,000
IDEA I THINK IS VERY PERTINENT

2804
01:36:47,000 --> 01:36:50,000
NOW.
THAT'S REALLY DRAGGING DOWN

2805
01:36:50,000 --> 01:36:52,000
EXPECTATIONS AND BUSINESS

2806
01:36:52,000 --> 01:36:54,000
CONFIDENCE.
>> JOE, YOUR THOUGHTS ON THE

2807
01:36:54,000 --> 01:36:55,000
NUMBERS THAT WERE OUT TODAY.

2808
01:36:55,000 --> 01:36:57,000
IS IT A TREND THAT COULD PICK UP

2809
01:36:57,000 --> 01:36:59,000
STEAM OR IS IT JUST SORT OF A

2810
01:36:59,000 --> 01:37:00,000
STEAMLESS TREND?

2811
01:37:00,000 --> 01:37:03,000
>> I WOULD -- MORE OF A

2812
01:37:03,000 --> 01:37:04,000
STEAMLESS TREND, TYLER.

2813
01:37:04,000 --> 01:37:05,000
I THOUGHT THE NUMBER WOULD BE

2814
01:37:05,000 --> 01:37:07,000
REVISED DOWN BECAUSE I THOUGHT

2815
01:37:07,000 --> 01:37:08,000
INVENTORIES WOULD BE LOWER.

2816
01:37:08,000 --> 01:37:09,000
THAT'S WHAT THE BUREAU OF

2817
01:37:09,000 --> 01:37:11,000
ECONOMIC ANALYSIS THE DATA THEY

2818
01:37:11,000 --> 01:37:13,000
USED HAD SUGGESTED GOING IN AND

2819
01:37:13,000 --> 01:37:14,000
INSTEAD INVENTORIES BARELY FELL

2820
01:37:14,000 --> 01:37:15,000
IN THE QUARTER.

2821
01:37:15,000 --> 01:37:18,000
AND WHAT THAT MEANS TYLER IS

2822
01:37:18,000 --> 01:37:19,000
THAT IS SETS US UP FOR A MUCH

2823
01:37:19,000 --> 01:37:21,000
BIGGER INVENTORY DROP THIS

2824
01:37:21,000 --> 01:37:25,000
QUARTER.
I'VE GOT GROWTH AT .5.

2825
01:37:25,000 --> 01:37:26,000
THE GLOBAL ECONOMY IS NOT GREAT.

2826
01:37:26,000 --> 01:37:31,000
EXPORTS ARE SOFT.

2827
01:37:31,000 --> 01:37:32,000
I'M GUESSING THIS IS JUST A SOFT

2828
01:37:32,000 --> 01:37:33,000
PATCH, TO YOUR QUESTION, WE

2829
01:37:33,000 --> 01:37:34,000
TALKED ABOUT THIS EARLIER IN THE

2830
01:37:34,000 --> 01:37:35,000
WEEK, THE GLOBAL ECONOMY IS NOT

2831
01:37:35,000 --> 01:37:37,000
GREAT.
IN THE PAST, THE U.S. WAS THE --

2832
01:37:37,000 --> 01:37:38,000
THE LOCOMOTIVE.

2833
01:37:38,000 --> 01:37:40,000
WHEN YOU'RE GROWING AT LESS THAN

2834
01:37:40,000 --> 01:37:41,000
2% IF GLOBAL GROWTH TURNS OUT

2835
01:37:41,000 --> 01:37:43,000
TO BE SOFTER THAN WHAT WE'RE

2836
01:37:43,000 --> 01:37:44,000
ASSUMING FOR ANY VARIETY OF

2837
01:37:44,000 --> 01:37:46,000
REASONS, THAT WILL HURT THE U.S.

2838
01:37:46,000 --> 01:37:47,000
AND MAKES THE U.S. MORE

2839
01:37:47,000 --> 01:37:49,000
VULNERABLE TO A NEGATIVE SHOT.

2840
01:37:49,000 --> 01:37:50,000
>> WE HAD TRILLIONS OF DOLLARS

2841
01:37:50,000 --> 01:37:52,000
THROWN AT THE PROBLEM.

2842
01:37:52,000 --> 01:37:53,000
CENTRAL BANKS AROUND THE WORLD,

2843
01:37:53,000 --> 01:37:55,000
1% AND 2% GROWTH IN GDP, ALMOST

2844
01:37:55,000 --> 01:37:57,000
ALL OF THE QUARTERS WITH THE

2845
01:37:57,000 --> 01:37:59,000
EXCEPTION OF A FEW OUTLIERS.

2846
01:37:59,000 --> 01:38:00,000
I GUESS IT IS TIME -- I'LL BE

2847
01:38:00,000 --> 01:38:04,000
THE ONE TO ASK IT IS IT

2848
01:38:04,000 --> 01:38:05,000
FIXABLE?

2849
01:38:05,000 --> 01:38:07,000
I'M GOING TO FIX THIS FIX THAT

2850
01:38:07,000 --> 01:38:09,000
NO GROWTH FOR YEARS DESPITE

2851
01:38:09,000 --> 01:38:10,000
TRILLIONS THROWN AT IT IS THE

2852
01:38:10,000 --> 01:38:12,000
U.S. ECONOMY FIXABLE OR IS THE

2853
01:38:12,000 --> 01:38:13,000
FACT THAT CAPITAL CAN GO

2854
01:38:13,000 --> 01:38:15,000
ANYWHERE IT WANTS AT THE PUSH OF

2855
01:38:15,000 --> 01:38:17,000
AN ELECTRONIC BUTTON AMERICA

2856
01:38:17,000 --> 01:38:20,000
WILL BE VERY DIFFICULT TO REMAIN

2857
01:38:20,000 --> 01:38:22,000
COMPETITIVE.
>> THE THING, BRIAN, IS THE

2858
01:38:22,000 --> 01:38:24,000
FISCAL AUTHORITIES, IF THEY DO

2859
01:38:24,000 --> 01:38:25,000
THE RIGHT THING, FOR EXAMPLE,

2860
01:38:25,000 --> 01:38:27,000
TAKE SIMPSON BOWLES WITH

2861
01:38:27,000 --> 01:38:29,000
SOMETHING SEVERAL YEARS AGO THAT

2862
01:38:29,000 --> 01:38:30,000
HAD BEEN FOLLOWED UP ON

2863
01:38:30,000 --> 01:38:32,000
CERTAINLY WOULD HELP US

2864
01:38:32,000 --> 01:38:34,000
CORPORATE TAX SYSTEM NEEDS TO BE

2865
01:38:34,000 --> 01:38:35,000
REVISED AND MADE MORE

2866
01:38:35,000 --> 01:38:37,000
COMPETITIVE.
THE PROBLEM I WOULD ARGUE WITH

2867
01:38:37,000 --> 01:38:38,000
CENTRAL BANKS, WHAT THEY HAVE

2868
01:38:38,000 --> 01:38:39,000
DONE IS THEY -- I THINK THEY

2869
01:38:39,000 --> 01:38:41,000
HAVE GONE TOO FAR AND BELIEVE

2870
01:38:41,000 --> 01:38:42,000
ME BECAUSE THEY'RE THE ONLY

2871
01:38:42,000 --> 01:38:44,000
GAME IN TOWN, THE FISCAL

2872
01:38:44,000 --> 01:38:46,000
AUTHORITIES ARE EFFECTIVELY

2873
01:38:46,000 --> 01:38:47,000
PARALYZED, THEY NEEDED THE

2874
01:38:47,000 --> 01:38:49,000
CENTRAL BANKS TO PUSH THINGS

2875
01:38:49,000 --> 01:38:50,000
FURTHER.

2876
01:38:50,000 --> 01:38:51,000
I WOULD ARGUE WHAT THAT HAS DONE

2877
01:38:51,000 --> 01:38:53,000
IS LEFT THE POLITICIANS, IF YOU

2878
01:38:53,000 --> 01:38:54,000
WILL OFF THE HOOK.

2879
01:38:54,000 --> 01:38:56,000
I'M HOPEFUL IF THERE IS AN

2880
01:38:56,000 --> 01:38:57,000
OFFICE NEXT YEAR IT WILL COME

2881
01:38:57,000 --> 01:38:58,000
WITH A MEANINGFUL FISCAL

2882
01:38:58,000 --> 01:38:59,000
STIMULUS PACKAGE THAT WILL GET

2883
01:38:59,000 --> 01:39:01,000
THE ECONOMY MOVING BECAUSE I

2884
01:39:01,000 --> 01:39:03,000
DON'T BELIEVE NEGATIVE RATES OR

2885
01:39:03,000 --> 01:39:05,000
FURTHER QUANTITATIVE EASING OR

2886
01:39:05,000 --> 01:39:08,000
FORWARD GUIDANCE OR OTHER

2887
01:39:08,000 --> 01:39:10,000
UNCONVENTIONAL POLICIES WILL

2888
01:39:10,000 --> 01:39:11,000
WORK MUCH MORE.
>> THANK YOU FOR YOUR PATIENCE

2889
01:39:11,000 --> 01:39:12,000
TODAY.

2890
01:39:12,000 --> 01:39:15,000
A LOT OF BREAKING NEWS AND SO WE

2891
01:39:15,000 --> 01:39:16,000
THANK YOU.

2892
01:39:16,000 --> 01:39:17,000
>> I KNOW YOU WANT TO RESPOND.

2893
01:39:17,000 --> 01:39:18,000
WE'LL GET YOU BACK ON SOON.

2894
01:39:18,000 --> 01:39:19,000
>> NO PROBLEM.

2895
01:39:19,000 --> 01:39:21,000
>> I GOT A LITTLE WORKED UP.

2896
01:39:21,000 --> 01:39:23,000
>>> LET'S DO TRADING NATION.

2897
01:39:23,000 --> 01:39:24,000
SHARES OF WEIGHT WATCHERS LOSING

2898
01:39:24,000 --> 01:39:25,000
MORE THAN A QUARTER OF THEIR

2899
01:39:25,000 --> 01:39:28,000
RAWL YOU TODAY AFTER A

2900
01:39:28,000 --> 01:39:29,000
DISAPPOINTING EARNINGS REPORT.

2901
01:39:29,000 --> 01:39:31,000
IS THE STOCK A BARGAIN?

2902
01:39:31,000 --> 01:39:33,000
I DON'T KNOW.

2903
01:39:33,000 --> 01:39:35,000
JOINING US ALEX FURMAN COVERS

2904
01:39:35,000 --> 01:39:38,000
THE STOCK FOR CRAIG HALLUM

2905
01:39:38,000 --> 01:39:40,000
DAVID SEEBURG AT CALLUM.

2906
01:39:40,000 --> 01:39:42,000
YOU SAY THE STOCK IS WORTH 35

2907
01:39:42,000 --> 01:39:44,000
BUCKS.
MAKE YOUR CASE.

2908
01:39:44,000 --> 01:39:47,000
>> YOU GOT A LOT OF ROOM FOR

2909
01:39:47,000 --> 01:39:48,000
NUMBERS TO MOVE HIGHER AS THE

2910
01:39:48,000 --> 01:39:49,000
YEAR PROGRESSES, BUSINESS THAT

2911
01:39:49,000 --> 01:39:51,000
PEOPLE THINK ABOUT DIETING FOUR

2912
01:39:51,000 --> 01:39:52,000
FIVE, SIX WEEKS OF THE YEAR IN

2913
01:39:52,000 --> 01:39:53,000
JANUARY, FEBRUARY.

2914
01:39:53,000 --> 01:39:55,000
I THINK NOW YOU HAVE A CASE FOR

2915
01:39:55,000 --> 01:39:57,000
THIS TO BECOME A MUCH LESS

2916
01:39:57,000 --> 01:40:00,000
SEASONAL BUSINESS WITH OPRAH ON

2917
01:40:00,000 --> 01:40:02,000
BOARD.
SHE'S INFLUENTIAL AS A PARTNER

2918
01:40:02,000 --> 01:40:05,000
AND SPOKESPERSON STRATEGIC

2919
01:40:05,000 --> 01:40:06,000
MARKETING PARTNER.
AS YOU LOOK OUT OVER THE NEXT

2920
01:40:06,000 --> 01:40:07,000
COUPLE OF YEARS, YOU'RE GOING TO

2921
01:40:07,000 --> 01:40:10,000
SEE A LOT OF GROWTH FROM NEW

2922
01:40:10,000 --> 01:40:14,000
SUBSCRIBERS.
THE BIG DISCONNECT IS REVENUE

2923
01:40:14,000 --> 01:40:15,000
GROWTH IS GOING TO BE NEGATIVE

2924
01:40:15,000 --> 01:40:17,000
IN THE FIRST QUARTER THIS YEAR.

2925
01:40:17,000 --> 01:40:18,000
THAT SHOULDN'T BE UNEXPECTED TO

2926
01:40:18,000 --> 01:40:20,000
ANYONE.
MOST OF THE REVENUE YOU HAVE

2927
01:40:20,000 --> 01:40:21,000
FIRST QUARTER IS FROM CUSTOMERS

2928
01:40:21,000 --> 01:40:23,000
WHO JOINED PRIOR TO OPRAH'S

2929
01:40:23,000 --> 01:40:24,000
INVOLVEMENT AND WEREN'T VERY

2930
01:40:24,000 --> 01:40:27,000
MANY OF THOSE CUSTOMERS THEN.

2931
01:40:27,000 --> 01:40:30,000
THIS WILL BE A SLOW BUILDING

2932
01:40:30,000 --> 01:40:31,000
TRANSITION BUT NUMBERS MOVE

2933
01:40:31,000 --> 01:40:33,000
HIGHER AND OUR PRICE TARGETS

2934
01:40:33,000 --> 01:40:35,000
BASED ON 13 TIMES EBITDA TAKE

2935
01:40:35,000 --> 01:40:37,000
INTO ACCOUNT WHERE THE DEBT

2936
01:40:37,000 --> 01:40:38,000
TRADES AT MARKET LEVELS AND

2937
01:40:38,000 --> 01:40:42,000
THAT'S WHERE THE STOCK TRADED.

2938
01:40:42,000 --> 01:40:43,000
>> WHAT IS CALLUM'S VIEW ON

2939
01:40:43,000 --> 01:40:45,000
WEIGHT WATCHERS?

2940
01:40:45,000 --> 01:40:47,000
>> WE DON'T COVER THE STOCK, BUT

2941
01:40:47,000 --> 01:40:49,000
MY PARTICULAR VIEW ON THIS I

2942
01:40:49,000 --> 01:40:50,000
THINK ON FAST WE TALKED ABOUT

2943
01:40:50,000 --> 01:40:51,000
IT.

2944
01:40:51,000 --> 01:40:52,000
THE DAY THE NEWS CAME OUT AND

2945
01:40:52,000 --> 01:40:56,000
THE STOCK ROCKETED HIGHER ON THE

2946
01:40:56,000 --> 01:40:58,000
OPRAH EFFECT IT WENT OUT IN

2947
01:40:58,000 --> 01:41:00,000
2005, THERE IS NO REASON THAT A

2948
01:41:00,000 --> 01:41:02,000
CELEBRITY OR ANYONE LIKE OPRAH

2949
01:41:02,000 --> 01:41:05,000
WINFREY SHOULD HAVE THAT

2950
01:41:05,000 --> 01:41:06,000
POSITIVE AN IMPACT ON THE

2951
01:41:06,000 --> 01:41:07,000
STOCK'S VALUATION BECAUSE THEY

2952
01:41:07,000 --> 01:41:09,000
SIGN ON OR TAKE A STAKE IN THE

2953
01:41:09,000 --> 01:41:11,000
COMPANY.
I LOOK AT IT AND SAY TRENDS HAVE

2954
01:41:11,000 --> 01:41:13,000
CHANGED.
ABSOLUTELY CHANGED.

2955
01:41:13,000 --> 01:41:15,000
SO FITNESS IS MUCH MORE IN VOGUE

2956
01:41:15,000 --> 01:41:16,000
THAN DIETING.

2957
01:41:16,000 --> 01:41:17,000
I CAN'T IMAGINE THAT OPRAH IS

2958
01:41:17,000 --> 01:41:20,000
GOING TO TURN THE NEEDLE FOR THE

2959
01:41:20,000 --> 01:41:22,000
COMPANY.
I LOOK AT THIS AND SAY INVESTORS

2960
01:41:22,000 --> 01:41:23,000
PAID OPRAH 15 CENTS A SHARE IN

2961
01:41:23,000 --> 01:41:26,000
THE PAST QUARTER.

2962
01:41:26,000 --> 01:41:28,000
THAT'S ABSURD FOR A COMPANY TO

2963
01:41:28,000 --> 01:41:30,000
ACTUALLY HAVE A SPOKESPERSON TO

2964
01:41:30,000 --> 01:41:32,000
COME ON AND ACTUALLY DISCUSS,

2965
01:41:32,000 --> 01:41:34,000
YOU KNOW ANYTHING MEANINGFUL.

2966
01:41:34,000 --> 01:41:35,000
PAY THEM THAT KIND OF ROYALTY,

2967
01:41:35,000 --> 01:41:36,000
IT IS INSANE.

2968
01:41:36,000 --> 01:41:38,000
LOOK VALUATION HERE MAYBE

2969
01:41:38,000 --> 01:41:40,000
10 1/2 BUCKS, BUY IT FOR A

2970
01:41:40,000 --> 01:41:42,000
TRADE, NO WAY I WOULD TOUCH THIS

2971
01:41:42,000 --> 01:41:44,000
THING FROM A LONG-TERM

2972
01:41:44,000 --> 01:41:46,000
PERSPECTIVE AT THESE CURRENT

2973
01:41:46,000 --> 01:41:47,000
LEVELS.
>> DAVID SEABURG, THANK YOU VERY

2974
01:41:47,000 --> 01:41:48,000
MUCH.

2975
01:41:48,000 --> 01:41:49,000
ALEX, THANK YOU VERY MUCH AS

2976
01:41:49,000 --> 01:41:50,000
WELL.

2977
01:41:50,000 --> 01:41:51,000
APPRECIATE IT.

2978
01:41:51,000 --> 01:41:54,000
>>> FOR MORE TRADING NATION

2979
01:41:54,000 --> 01:41:57,000
LISTEN UP GO TO TRADING

2980
01:41:57,000 --> 01:41:59,000
NATION.CNBC.COM.

2981
01:41:59,000 --> 01:42:02,000
DON'T DO IT UNTIL YOU'RE IN A
SAFE LOCATION.

2982
01:42:02,000 --> 01:42:03,000
>> CHECK OUT THIS HIGH FLYING

2983
01:42:03,000 --> 01:42:04,000
STOCK.

2984
01:42:04,000 --> 01:42:05,000
HAWAIIAN HOLDINGS.

2985
01:42:05,000 --> 01:42:09,000
IT IS UP MORE THAN 120% OVER THE

2986
01:42:09,000 --> 01:42:10,000
LAST YEAR.

2987
01:42:10,000 --> 01:42:11,000
MOST OF THE AIRLINES HAVEN'T

2988
01:42:11,000 --> 01:42:12,000
BEEN DOING WELL AT ALL.

2989
01:42:12,000 --> 01:42:17,000
MIKE DENGERLY IS PRESIDENT OF

2990
01:42:19,000 --> 01:42:20,000
HAWAIIAN HOLDINGS.
GOOD TO HAVE YOU HERE.

2991
01:42:20,000 --> 01:42:24,000
YOU HAVE THE SHIRT ON AS WELL.

2992
01:42:24,000 --> 01:42:25,000
>> ABSOLUTELY.

2993
01:42:25,000 --> 01:42:27,000
IT IS PART OF THE UNIFORM HERE.

2994
01:42:27,000 --> 01:42:28,000
>> YES.

2995
01:42:28,000 --> 01:42:29,000
YOUR SHARES HAVE DONE VERY WELL.

2996
01:42:29,000 --> 01:42:32,000
I'M GOING TO START WITH A BIG

2997
01:42:32,000 --> 01:42:33,000
CONCERN NOW, ZIKA.

2998
01:42:33,000 --> 01:42:35,000
THEY DECLARED A STAT OF

2999
01:42:35,000 --> 01:42:36,000
EMERGENCY IN HAWAII BECAUSE OF

3000
01:42:36,000 --> 01:42:38,000
CONCERNS ABOUT THE ZIKA VIRUS.

3001
01:42:38,000 --> 01:42:40,000
ARE YOU WORRIED THAT WILL IMPACT

3002
01:42:40,000 --> 01:42:41,000
TRAVEL TO HAWAII WHICH I THINK

3003
01:42:41,000 --> 01:42:45,000
WOULD HURT YOUR SALES.

3004
01:42:45,000 --> 01:42:46,000
>> WE HAVE SEEN NO EFFECT ON

3005
01:42:46,000 --> 01:42:49,000
DEMAND OF BOOKINGS FROM THE

3006
01:42:49,000 --> 01:42:53,000
ISSUE OF DENGUE WHAT WE HAVE

3007
01:42:53,000 --> 01:42:56,000
HERE IN THE STATE OF HAWAII.

3008
01:42:56,000 --> 01:42:57,000
IT IS LOCATED IN PRETTY REMOTE

3009
01:42:57,000 --> 01:43:01,000
REGION OF THE BIG ISLAND.

3010
01:43:01,000 --> 01:43:02,000
ZIKA VIRUS IS PRESENT ONLY IN

3011
01:43:02,000 --> 01:43:05,000
ONE OF THE DESTINATIONS THAT WE

3012
01:43:05,000 --> 01:43:06,000
SERVE, AMERICAN SAMOA.

3013
01:43:06,000 --> 01:43:09,000
AND WE'RE FOLLOWING THE GUIDANCE

3014
01:43:09,000 --> 01:43:10,000
OF THE CDC.

3015
01:43:10,000 --> 01:43:12,000
WE HAVE SEEN ABSOLUTELY NO BOOK

3016
01:43:12,000 --> 01:43:15,000
AWAY OF ANY SORT FROM ANY OF OUR

3017
01:43:15,000 --> 01:43:16,000
GEOGRAPHIES.

3018
01:43:16,000 --> 01:43:17,000
>> WHERE DO YOU MAKE THE MOST

3019
01:43:17,000 --> 01:43:19,000
MONEY?
THE FLIGHTS TO AND FROM HAWAII

3020
01:43:19,000 --> 01:43:21,000
OR THE FLIGHTS AMONG THE

3021
01:43:21,000 --> 01:43:23,000
HAWAIIAN ISLANDS?

3022
01:43:23,000 --> 01:43:24,000
>> OVER THE LONG-TERM, I THINK

3023
01:43:24,000 --> 01:43:25,000
THEY'RE ALL PRETTY MUCH EVENLY

3024
01:43:25,000 --> 01:43:26,000
BALANCED.

3025
01:43:26,000 --> 01:43:28,000
I THINK IN AN ENVIRONMENT WHERE

3026
01:43:28,000 --> 01:43:31,000
THE PRICE OF FUEL IS LOWER THAN

3027
01:43:31,000 --> 01:43:33,000
IT HAS BEEN THAT TENDS TO FAVOR

3028
01:43:33,000 --> 01:43:36,000
THE LONGER HAUL FLIGHTS WHERE WE

3029
01:43:36,000 --> 01:43:37,000
CONSUME MORE FUEL THAN WE DO ON

3030
01:43:37,000 --> 01:43:39,000
THE SHORTER HAUL FLIGHTS.

3031
01:43:39,000 --> 01:43:41,000
THESE THINGS HAVE A WAY OF

3032
01:43:41,000 --> 01:43:43,000
BALANCING OUT AND IF YOU LOOK

3033
01:43:43,000 --> 01:43:45,000
BACK OVER THE LAST TEN YEARS,

3034
01:43:45,000 --> 01:43:50,000
THEY WOULD BE PRETTY MUCH EVEN.

3035
01:43:50,000 --> 01:43:52,000
>> I IMAGINE HAWAIIAN AIR SAVED

3036
01:43:52,000 --> 01:43:54,000
A BIT OF MONEY THANKS TO LOW OIL

3037
01:43:54,000 --> 01:43:57,000
PRICES.
WHAT HAVE YOU SPENT THAT MONEY

3038
01:43:57,000 --> 01:43:58,000
ON?
HAVE YOU EXPANDED CAPACITY.

3039
01:43:58,000 --> 01:44:00,000
DO YOU HAVE PLANS TO EXPAND

3040
01:44:00,000 --> 01:44:03,000
CAPACITY?
>> IN THE CASE OF HAWAIIAN WE

3041
01:44:03,000 --> 01:44:04,000
EXPANDED VERY VERY RAPIDLY THE

3042
01:44:04,000 --> 01:44:06,000
BEGINNING OF THIS DECADE AND WE

3043
01:44:06,000 --> 01:44:08,000
TOOK ON QUITE A LOT OF DEBT IN

3044
01:44:08,000 --> 01:44:09,000
ORDER TO DO SO.

3045
01:44:09,000 --> 01:44:12,000
WE BOUGHT NEW AIRPLANES.

3046
01:44:12,000 --> 01:44:16,000
AND SO THE OPPORTUNITY OF SEEING

3047
01:44:16,000 --> 01:44:17,000
THE COST SAVINGS FROM LOWER FUEL

3048
01:44:17,000 --> 01:44:19,000
TO THE BOTTOM LINE HAS REALLY

3049
01:44:19,000 --> 01:44:21,000
GIVEN US THE OPPORTUNITY TO

3050
01:44:21,000 --> 01:44:23,000
RETIRE QUITE A BIT OF DEBT AND

3051
01:44:23,000 --> 01:44:24,000
THAT'S BEEN OUR HIGHEST

3052
01:44:24,000 --> 01:44:28,000
PRIORITY.
WE HAVEN'T CHANGED OUR CAPACITY

3053
01:44:28,000 --> 01:44:29,000
OUTLOOK, WE HAVEN'T GONE OUT AND

3054
01:44:29,000 --> 01:44:31,000
ORDERED A BUNCH OF NEW

3055
01:44:31,000 --> 01:44:33,000
AIRPLANES, HAVEN'T CHANGED OUR

3056
01:44:33,000 --> 01:44:34,000
PLANS.

3057
01:44:34,000 --> 01:44:35,000
INSTEAD, WE'RE USING THIS GOOD

3058
01:44:35,000 --> 01:44:37,000
TIME TO STRENGTHEN OUR BALANCE

3059
01:44:37,000 --> 01:44:39,000
SHEET.
>> ARE YOU BEING HIT BY A

3060
01:44:39,000 --> 01:44:44,000
SLOWDOWN IN CHINA AND/OR JAPAN?

3061
01:44:44,000 --> 01:44:45,000
>> CURIOUSLY NO.

3062
01:44:45,000 --> 01:44:46,000
THE DEMAND FOR THE HAWAII

3063
01:44:46,000 --> 01:44:48,000
VACATION AND THESE LOCATIONS HAS

3064
01:44:48,000 --> 01:44:49,000
BEEN REALLY VERY STRONG.

3065
01:44:49,000 --> 01:44:52,000
WE HAVE OF COURSE HAD THE

3066
01:44:52,000 --> 01:44:53,000
TRANSLATION ISSUE ASSOCIATED

3067
01:44:53,000 --> 01:44:56,000
WITH THE FACT THAT THE U.S.

3068
01:44:56,000 --> 01:44:57,000
DOLLAR HAS STRENGTHENED VERSUS

3069
01:44:57,000 --> 01:44:59,000
THE CURRENCIES.
IF YOU LOOK AT THE DEMAND IN THE

3070
01:44:59,000 --> 01:45:02,000
LOCAL CURRENCIES, THE TICKETS WE

3071
01:45:02,000 --> 01:45:05,000
SELL IN JAPAN AND IN CHINA,

3072
01:45:05,000 --> 01:45:07,000
THERE HAS BEEN REALLY NO IMPACT

3073
01:45:07,000 --> 01:45:09,000
AT ALL FROM THE ECONOMIC

3074
01:45:09,000 --> 01:45:11,000
SLOWDOWN AND BOTH THOSE NATIONS

3075
01:45:11,000 --> 01:45:13,000
AND INDEED I THINK WE'RE PRETTY

3076
01:45:13,000 --> 01:45:14,000
ENCOURAGING.

3077
01:45:14,000 --> 01:45:15,000
THIS JULY WE'RE STARTING A NEW

3078
01:45:15,000 --> 01:45:16,000
SERVICE TO JAPAN.

3079
01:45:16,000 --> 01:45:17,000
SUCH HAS BEEN THE RESULTS WE

3080
01:45:17,000 --> 01:45:19,000
HAVE SEEN FROM THAT PART OF THE

3081
01:45:19,000 --> 01:45:21,000
WORLD.
>> ONE ANALYST REPORT SUGGESTED

3082
01:45:21,000 --> 01:45:22,000
BECAUSE YOU HAVE ALMOST A NEAR

3083
01:45:22,000 --> 01:45:25,000
MONOPOLY ON THE INTRAISLAND, YOU

3084
01:45:25,000 --> 01:45:27,000
CAN CHARGE A PRETTY SOLID

3085
01:45:27,000 --> 01:45:28,000
PREMIUM PENNY FOR THOSE FLIGHTS.

3086
01:45:28,000 --> 01:45:32,000
THAT HELPS OUT A LOT WHEN IT

3087
01:45:32,000 --> 01:45:33,000
COMES TO MARGINS.

3088
01:45:33,000 --> 01:45:35,000
IS THAT A GOOD ASSESSMENT?

3089
01:45:35,000 --> 01:45:38,000
>> I THINK IT IS A SOMEWHAT

3090
01:45:38,000 --> 01:45:39,000
CURSORY ASSESSMENT.

3091
01:45:39,000 --> 01:45:41,000
WE DO OPERATE ABOUT 90% OF THE

3092
01:45:41,000 --> 01:45:43,000
FLIGHTS BETWEEN THE ISLANDS AND

3093
01:45:43,000 --> 01:45:44,000
THE STATE OF HAWAII.

3094
01:45:44,000 --> 01:45:46,000
WE HAVE IN ADDITION TO OUR

3095
01:45:46,000 --> 01:45:47,000
RESPONSIBILITY TO OUR

3096
01:45:47,000 --> 01:45:48,000
SHAREHOLDERS, WE HAVE

3097
01:45:48,000 --> 01:45:50,000
RESPONSIBILITY TO THE COMMUNITY.

3098
01:45:50,000 --> 01:45:51,000
AND IF YOU LOOK AT AVERAGE FARE

3099
01:45:51,000 --> 01:45:53,000
WE CHARGE BETWEEN THE ISLANDS,

3100
01:45:53,000 --> 01:45:56,000
WHICH ARE BETWEEN 70 AND $80,

3101
01:45:56,000 --> 01:45:58,000
WHAT OUR ECONOMY RECEIVES FOR

3102
01:45:58,000 --> 01:45:59,000
THESE FLIGHTS, YOU COMPARE THAT

3103
01:45:59,000 --> 01:46:02,000
TO FARES ON THE MAIN LAND I

3104
01:46:02,000 --> 01:46:05,000
DON'T THINK ANYBODY WOULD SAY

3105
01:46:05,000 --> 01:46:06,000
WE'RE LEVERAGING OUR POSITION

3106
01:46:06,000 --> 01:46:09,000
HERE IN THE ISLANDS.

3107
01:46:09,000 --> 01:46:11,000
AGAIN, WHEN THE PRICE OF OIL

3108
01:46:11,000 --> 01:46:13,000
GOES DOWN THE BIGGEST

3109
01:46:13,000 --> 01:46:15,000
BENEFICIAL IMPACT IS ON THE

3110
01:46:15,000 --> 01:46:16,000
LONGER HAUL THAN THE SHORTER

3111
01:46:16,000 --> 01:46:17,000
HAUL FLYING.

3112
01:46:17,000 --> 01:46:19,000
THE OTHER BIG ISSUE THAT WE DEAL

3113
01:46:19,000 --> 01:46:20,000
WITH PARTICULARLY ON OUR SHORT

3114
01:46:20,000 --> 01:46:22,000
HAUL FLYING IS THE INCREASE IN

3115
01:46:22,000 --> 01:46:24,000
RATES OF FEDERAL TAXATION WHICH

3116
01:46:24,000 --> 01:46:26,000
TEND TO MANY OF WHICH -- MANY OF

3117
01:46:26,000 --> 01:46:29,000
THE FEES AND CHARGES TEND TO BE

3118
01:46:29,000 --> 01:46:31,000
APPLIED ON A PER TRIP BASIS

3119
01:46:31,000 --> 01:46:35,000
RATHER THAN ON A VALUE TICKET

3120
01:46:35,000 --> 01:46:36,000
BASIS.
>> HADN'T THOUGHT OF THAT.

3121
01:46:36,000 --> 01:46:38,000
OKAY.
>> MARK I'M CURIOUS.

3122
01:46:38,000 --> 01:46:40,000
THERE IS INCREASING TALK ABOUT

3123
01:46:40,000 --> 01:46:41,000
RECESSION IN THE UNITED STATES.

3124
01:46:41,000 --> 01:46:43,000
HOW RECESSION PROOF IS YOUR

3125
01:46:43,000 --> 01:46:45,000
AIRLINE?
THERE WAS A NOTE GOING AROUND

3126
01:46:45,000 --> 01:46:46,000
ASSESSING WHAT THE BREAK EVEN

3127
01:46:46,000 --> 01:46:48,000
REVENUE FOR AVAILABLE SEAT MILE

3128
01:46:48,000 --> 01:46:49,000
WOULD BE.

3129
01:46:49,000 --> 01:46:52,000
WOULD WE SEE DECLINES OF 16 TO

3130
01:46:52,000 --> 01:46:54,000
32% THAT WE SAW IN 2009?

3131
01:46:54,000 --> 01:46:56,000
ARE AIRLINES -- IS HAWAIIAN IN A

3132
01:46:56,000 --> 01:46:57,000
MUCH BETTER STATE WHERE WE

3133
01:46:57,000 --> 01:47:00,000
WOULDN'T SEE THOSE SORTS OF

3134
01:47:00,000 --> 01:47:02,000
DECLINES?
>> WELL CASTING BACK TO THAT

3135
01:47:02,000 --> 01:47:04,000
PERIOD AND I WAS IN THE

3136
01:47:04,000 --> 01:47:09,000
POSITION I'M IN NOW, BACK IN

3137
01:47:09,000 --> 01:47:11,000
2007, 2008 2009 I CAN REMEMBER

3138
01:47:11,000 --> 01:47:13,000
BEING ANXIOUS WHEN WE WENT INTO

3139
01:47:13,000 --> 01:47:15,000
THE GLOBAL FINANCIAL CRISIS AND

3140
01:47:15,000 --> 01:47:17,000
THE RECESSION, THE IMPACT IT HAD

3141
01:47:17,000 --> 01:47:20,000
IN CALIFORNIA OF HUGE MARKET FOR

3142
01:47:20,000 --> 01:47:22,000
US.
THAT WHAT AFFECT THAT WOULD HAVE

3143
01:47:22,000 --> 01:47:25,000
ON DEMAND FOR THE HAWAII

3144
01:47:25,000 --> 01:47:27,000
VACATION.
AT THAT TIME WE DIDN'T SEE

3145
01:47:27,000 --> 01:47:29,000
DEMAND SLOW DOWN.

3146
01:47:29,000 --> 01:47:32,000
AND FOR -- IT REALLY SORT OF

3147
01:47:32,000 --> 01:47:34,000
ORDERS A SENSE THAT TRAVELING

3148
01:47:34,000 --> 01:47:36,000
FOR VACATION IS NO LONGER WHAT

3149
01:47:36,000 --> 01:47:39,000
YOU DO WITH THAT DISCRETIONARY

3150
01:47:39,000 --> 01:47:41,000
SLICE OF YOUR INCOME BUT HAS

3151
01:47:41,000 --> 01:47:45,000
BECOME MORE OF A HIGHER PRIORITY

3152
01:47:45,000 --> 01:47:47,000
IN PEOPLE'S EXPENDITURE

3153
01:47:47,000 --> 01:47:48,000
PATTERNS.

3154
01:47:48,000 --> 01:47:50,000
ONE RECESSION DOESN'T MAKE THAT

3155
01:47:50,000 --> 01:47:51,000
PROOF, BUT FROM WHERE WE SIT

3156
01:47:51,000 --> 01:47:53,000
RIGHT NOW, WE WOULDN'T

3157
01:47:53,000 --> 01:47:55,000
ANTICIPATE SEEING THAT KIND OF

3158
01:47:55,000 --> 01:47:56,000
DRAMATIC DROP THAT OTHERS

3159
01:47:56,000 --> 01:47:58,000
EXPERIENCE IN 2009.

3160
01:47:58,000 --> 01:47:59,000
>> LOVE THE SHIRT, MARK.

3161
01:47:59,000 --> 01:48:02,000
THANK YOU FOR JOINING US.

3162
01:48:02,000 --> 01:48:04,000
MIKE DUNKERLY OF HAWAIIAN

3163
01:48:04,000 --> 01:48:05,000
AIRLINES.

3164
01:48:05,000 --> 01:48:06,000
>> THANK YOU VERY MUCH.

3165
01:48:06,000 --> 01:48:07,000
>> AND "POWER LUNCH" WILL BE

3166
01:48:07,000 --> 01:48:08,000
RIGHT BACK.

3167
01:48:08,000 --> 01:48:10,000
>> AND NOW, THE LATEST FROM

3168
01:48:10,000 --> 01:48:12,000
TRADING NATION.CNBC.COM.

3169
01:48:12,000 --> 01:48:14,000
AND A WORD FROM OUR SPONSOR.

3170
01:48:14,000 --> 01:48:16,000
>> IF YOU TRY TO DECIDE BETWEEN

3171
01:48:16,000 --> 01:48:17,000
A MARKET ORDER AND A LIMIT

3172
01:48:17,000 --> 01:48:19,000
ORDER, MARKET ORDERS MAY BE

3173
01:48:19,000 --> 01:48:20,000
APPROPRIATE ON A STOCK THAT

3174
01:48:20,000 --> 01:48:23,000
TRADES A LOT OF VOLUME AND HAS A

3175
01:48:23,000 --> 01:48:24,000
FAIRLY TIGHT BID SPREAD.

3176
01:48:24,000 --> 01:48:27,000
FOR STOCKS THAT HAVE WIDER BID

3177
01:48:27,000 --> 01:48:31,000
SPREADS OR TRADE LOWER VAL, YOU

3178
01:48:31,000 --> 01:48:36,000
MAY WANT A LIMIT ORDER INSTEAD.

3179
01:51:19,000 --> 01:51:21,000
>>> SHARES OF UNITED TECHNOLOGY

3180
01:51:21,000 --> 01:51:22,000
AFTER THEY RESUMED TRADING.

3181
01:51:22,000 --> 01:51:23,000
THEY WERE HALTED FOR NEWS

3182
01:51:23,000 --> 01:51:26,000
PENDING AND PUT OUT A STATEMENT.

3183
01:51:26,000 --> 01:51:27,000
DAVID FABER WHO BROKE THE

3184
01:51:27,000 --> 01:51:29,000
ORIGINAL STORY THIS WILL BE IN

3185
01:51:29,000 --> 01:51:31,000
MERGER TALKS WITH HONEYWELL IS

3186
01:51:31,000 --> 01:51:32,000
HERE WITH US HERE.

3187
01:51:32,000 --> 01:51:34,000
HONEYWELL PUTS OUT A STATEMENT

3188
01:51:34,000 --> 01:51:35,000
AT 9:00 AND UNITED TECHNOLOGIES

3189
01:51:35,000 --> 01:51:37,000
PUTS OUT A STATEMENT LATER AND

3190
01:51:37,000 --> 01:51:39,000
IT READS LIKE THEY ARE REJECTING

3191
01:51:39,000 --> 01:51:41,000
A BEAR HUG AND THERE'S NOT A

3192
01:51:41,000 --> 01:51:42,000
DEAL HAPPENING.

3193
01:51:42,000 --> 01:51:43,000
WHAT'S GOING ON?

3194
01:51:43,000 --> 01:51:45,000
>> WHAT'S GOING ON, OF COURSE,

3195
01:51:45,000 --> 01:51:47,000
IT HAS BEEN AN EXTRAORDINARY

3196
01:51:47,000 --> 01:51:48,000
WORK WE MADE PUBLIC THE TALKS

3197
01:51:48,000 --> 01:51:50,000
TAKEN PLACE BETWEEN THE TWO

3198
01:51:50,000 --> 01:51:51,000
COMPANIES AND THE FACT THERE HAD

3199
01:51:51,000 --> 01:51:54,000
BEEN A RECENT PROPOSAL FROM

3200
01:51:54,000 --> 01:51:55,000
HONEYWELL TO BUY UNITED

3201
01:51:55,000 --> 01:51:56,000
TECHNOLOGY.

3202
01:51:56,000 --> 01:51:58,000
HONEYWELL CHOOSE THAT AS AN

3203
01:51:58,000 --> 01:51:59,000
OPPORTUNITY TO COME PUBLIC WITH

3204
01:51:59,000 --> 01:52:01,000
THAT PROPOSAL AND START MAKING

3205
01:52:01,000 --> 01:52:05,000
THE CASE TO UNITED TECHNOLOGY

3206
01:52:05,000 --> 01:52:07,000
SHAREHOLDERS AS TO WHY IT FEELS
THEY SHOULD PRESSURE MANAGEMENT

3207
01:52:07,000 --> 01:52:08,000
TO COME TO THE NEGOTIATING

3208
01:52:08,000 --> 01:52:10,000
TABLE.
IN THIS WEEK WHERE WE'VE BEEN

3209
01:52:10,000 --> 01:52:13,000
FOLLOWING THE STORY, WE'VE HAD

3210
01:52:13,000 --> 01:52:15,000
GREG HAYES JOIN US ON TUESDAY ON

3211
01:52:15,000 --> 01:52:16,000
SQUAWK ON STREET TO SAY

3212
01:52:16,000 --> 01:52:18,000
ABSOLUTELY NO WAY THAT A DEAL IN

3213
01:52:18,000 --> 01:52:19,000
HIS OPINION CAN HAPPEN BECAUSE

3214
01:52:19,000 --> 01:52:21,000
OF THE ANTITRUST RISK OF

3215
01:52:21,000 --> 01:52:22,000
COMBINING THESE TWO COMPANIES.

3216
01:52:22,000 --> 01:52:24,000
THE BACK AND FORTH CONTINUED TO

3217
01:52:24,000 --> 01:52:26,000
THE POINT WHERE THIS MORNING,

3218
01:52:26,000 --> 01:52:28,000
HONEYWELL CAME BACK AND IN A

3219
01:52:28,000 --> 01:52:30,000
PUBLIC PLEA AGAIN, LARGELY TO

3220
01:52:30,000 --> 01:52:32,000
UNITED TECHNOLOGY SHAREHOLDERS

3221
01:52:32,000 --> 01:52:33,000
MAKES THE CASE FOR WHY IT

3222
01:52:33,000 --> 01:52:35,000
BELIEVES BOTH THE ANTITRUST RISK

3223
01:52:35,000 --> 01:52:36,000
IS NOT SIGNIFICANT, SOMETHING

3224
01:52:36,000 --> 01:52:38,000
THEY DID YESTERDAY WITH ME ON TV

3225
01:52:38,000 --> 01:52:41,000
WHEN CHRISTINE, THEIR ANTITRUST

3226
01:52:41,000 --> 01:52:43,000
ADVICER JOINED ME IN AN

3227
01:52:43,000 --> 01:52:45,000
INTERVIEW AND MADE THE CASE ON

3228
01:52:45,000 --> 01:52:47,000
VALUE, AS TO WHY THE SYNERGIES

3229
01:52:47,000 --> 01:52:48,000
ARE SO SIGNIFICANT AND WILL ADD

3230
01:52:48,000 --> 01:52:51,000
UP TO SIGNIFICANT ACCRETION

3231
01:52:51,000 --> 01:52:52,000
OVERALL TO EARNINGS AND STOCK

3232
01:52:52,000 --> 01:52:53,000
PRICE FOR THE COMBINATION

3233
01:52:53,000 --> 01:52:55,000
BECAUSE OF THE HIGHER MULTIPLE

3234
01:52:55,000 --> 01:52:58,000
THAT HONEYWELL CURRENTLY GETS.

3235
01:52:58,000 --> 01:53:00,000
THEN WE GET UNITED TECHNOLOGIES

3236
01:53:00,000 --> 01:53:02,000
COMING OUT AND SAYING FIRST OF

3237
01:53:02,000 --> 01:53:04,000
ALL, ON VALUE, WE DON'T AGREE

3238
01:53:04,000 --> 01:53:06,000
WITH YOUR MATH AND SECONDLY,

3239
01:53:06,000 --> 01:53:08,000
LET'S REMIND YOU YET AGAIN AS TO

3240
01:53:08,000 --> 01:53:11,000
ALL OF THE REASONS WE THINK THIS

3241
01:53:11,000 --> 01:53:12,000
TRANS SKS CAN'T HAPPEN NAMELY

3242
01:53:12,000 --> 01:53:14,000
ANTITRUST AND BY THE WAY, DID WE

3243
01:53:14,000 --> 01:53:16,000
MENTION ANTITRUST.

3244
01:53:16,000 --> 01:53:18,000
>> WHERE'S THE GREATEST

3245
01:53:18,000 --> 01:53:21,000
ANTITRUST RISK IF THERE IS

3246
01:53:21,000 --> 01:53:22,000
ANTITRUST RISK?

3247
01:53:22,000 --> 01:53:25,000
>> IT'S IN THE AEROSPACE

3248
01:53:25,000 --> 01:53:26,000
BUSINESS.
>> INSTRUMENTATION.

3249
01:53:26,000 --> 01:53:27,000
>> WITHOUT A DOUBT.

3250
01:53:27,000 --> 01:53:32,000
WHEN YOU LOOK AT UNITED

3251
01:53:33,000 --> 01:53:34,000
TECHNOLOGY'S RECENT REBUTTAL IF

3252
01:53:34,000 --> 01:53:37,000
YOU WILL THEY GO THROUGH IN

3253
01:53:37,000 --> 01:53:39,000
DETAIL ABOUT THE PLANE AND HAVE

3254
01:53:39,000 --> 01:53:40,000
THIS GREAT SLIDE THEY'VE BEEN

3255
01:53:40,000 --> 01:53:43,000
USING THAT WE HAD WHEN WE HAD

3256
01:53:43,000 --> 01:53:45,000
GREG HAZE ON EARLIER, ALL OF THE

3257
01:53:45,000 --> 01:53:47,000
THINGS SOLID INTO THE AIRPORT.

3258
01:53:47,000 --> 01:53:49,000
AIRBUS'S CEO DID SAY THINGS THAT

3259
01:53:49,000 --> 01:53:51,000
WOULD INDICATE THEY WOULD NOT BE

3260
01:53:51,000 --> 01:53:52,000
IN FAVOR OF SUCH A DEAL.

3261
01:53:52,000 --> 01:53:54,000
BUT THAT'S WHERE THE FOCUS IS.

3262
01:53:54,000 --> 01:53:55,000
>> THERE'S ONE LINE IN THE

3263
01:53:55,000 --> 01:53:58,000
STATEMENT FROM UNITED TECHNOLOGY

3264
01:53:58,000 --> 01:54:01,000
HONEYWELL'S PROPOSAL GROSSLY

3265
01:54:01,000 --> 01:54:02,000
UNDERVALUES TECHNOLOGY THAT

3266
01:54:02,000 --> 01:54:04,000
STANDS OUT IN BOLD AS GIVE US

3267
01:54:04,000 --> 01:54:05,000
MORE MONEY AND MAYBE WE'LL TALK

3268
01:54:05,000 --> 01:54:06,000
SOME MORE.

3269
01:54:06,000 --> 01:54:07,000
AM I WRONG?

3270
01:54:07,000 --> 01:54:08,000
>> I DON'T KNOW THAT YOU'RE

3271
01:54:08,000 --> 01:54:12,000
WRONG AND I DO KNOW FROM

3272
01:54:12,000 --> 01:54:13,000
FOLLOWING AS LONG AS I HAVE THE

3273
01:54:13,000 --> 01:54:17,000
PLAYBOOK HONEYWELL IS FOLLOWING

3274
01:54:17,000 --> 01:54:18,000
HERE, IN MY MIND WOULD LIKELY

3275
01:54:18,000 --> 01:54:20,000
MEAN TO SOME EXTENT THEY CAN

3276
01:54:20,000 --> 01:54:22,000
WARM UP THE SHARE BASE OF UNITED

3277
01:54:22,000 --> 01:54:23,000
TECHNOLOGIES AND GET PEOPLE

3278
01:54:23,000 --> 01:54:25,000
TALKING, THEY'LL COME BACK WITH

3279
01:54:25,000 --> 01:54:27,000
A HIGHER OFFER THAN THE 108

3280
01:54:27,000 --> 01:54:29,000
YOU'RE LOOKING AT RIGHT THERE,

3281
01:54:29,000 --> 01:54:31,000
WITH SOMETHING THAT'S 10%, 12%

3282
01:54:31,000 --> 01:54:33,000
HIGHER AND OFFERS SOME SORT OF

3283
01:54:33,000 --> 01:54:34,000
PROTECTIONS ON ANTITRUST,

3284
01:54:34,000 --> 01:54:37,000
PERHAPS A GUARANTEE TO DIE VEST

3285
01:54:37,000 --> 01:54:39,000
CERTAIN THINGS OR HELL OR HIGH

3286
01:54:39,000 --> 01:54:41,000
WATER TOO GO TO ANY END THEY

3287
01:54:41,000 --> 01:54:44,000
NEED TO AND TAKE ON THE RISK

3288
01:54:44,000 --> 01:54:45,000
THEMSELVES.

3289
01:54:45,000 --> 01:54:48,000
THAT'S WHERE IT FEELS THIS IS
GOING TOWARDS, IT DOESN'T MEAN

3290
01:54:48,000 --> 01:54:49,000
THEY ARE GOING TO SUCCEED.

3291
01:54:49,000 --> 01:54:50,000
LANGUAGE LIKE THAT WE'LL SEE.

3292
01:54:50,000 --> 01:54:51,000
WE'LL SEE.

3293
01:54:51,000 --> 01:54:52,000
IT'S VERY HARD TO IMAGINE THEY

3294
01:54:52,000 --> 01:54:54,000
ARE ACTUALLY GOING TO SUCCEED

3295
01:54:54,000 --> 01:54:55,000
BUT THEY ARE GIVING IT A SHOT

3296
01:54:55,000 --> 01:54:57,000
SINCE THE BID WAS MADE PUBLIC.

3297
01:54:57,000 --> 01:54:59,000
>> BECAUSE YOU'RE WEARING A HALF

3298
01:54:59,000 --> 01:55:01,000
ZIP AND NO TIE, I'LL ASK YOU TO

3299
01:55:01,000 --> 01:55:02,000
SPECULATE.
HERE YOU GO.

3300
01:55:02,000 --> 01:55:04,000
ANY CHANCE THAT THE SCRIPT COULD

3301
01:55:04,000 --> 01:55:05,000
BE FLIPPED?

3302
01:55:05,000 --> 01:55:06,000
IS IT POSSIBLE BECAUSE THE

3303
01:55:06,000 --> 01:55:08,000
COMPANIES ARE NEARLY THE SAME

3304
01:55:08,000 --> 01:55:10,000
SIZE COULD UTX FLIP IT AND TRY

3305
01:55:10,000 --> 01:55:13,000
TO GO AFTER HONEY WELL OR DARE I

3306
01:55:13,000 --> 01:55:15,000
SAY GE COULD GE COME IN AND TRY

3307
01:55:15,000 --> 01:55:17,000
TO TAKE OVER UTX?

3308
01:55:17,000 --> 01:55:19,000
>> GE AS YOU WELL KNOW HAS BEEN

3309
01:55:19,000 --> 01:55:21,000
THERE BEFORE THE LAST TIME WE

3310
01:55:21,000 --> 01:55:24,000
REPORTED UTXs GETTING CLOSE TO A

3311
01:55:24,000 --> 01:55:27,000
DEAL SIX YEARS AGO, GE DID SWOOP

3312
01:55:27,000 --> 01:55:29,000
IN.
I DON'T THINK THIS IS LIKELY AT

3313
01:55:29,000 --> 01:55:30,000
THIS POINT AND I DON'T THINK

3314
01:55:30,000 --> 01:55:32,000
THEY ARE IN A POSITION TO FLIP

3315
01:55:32,000 --> 01:55:34,000
THE TABLES AND IN PARLT BECAUSE

3316
01:55:34,000 --> 01:55:35,000
THEY ARE SMALLING STILL.

3317
01:55:35,000 --> 01:55:37,000
REMEMBER THE RESPECTED MARKET

3318
01:55:37,000 --> 01:55:41,000
CAPS CHANGED DRAMATICALLY.

3319
01:55:41,000 --> 01:55:43,000
LAST SPRING WHEN THEY

3320
01:55:43,000 --> 01:55:46,000
ENTERTAINED AND INITIATED TALKS,

3321
01:55:46,000 --> 01:55:49,000
BUT GIVEN HAYES HAS SAID AND

3322
01:55:49,000 --> 01:55:51,000
EVERYTHING THEY'VE GOT ON PAPER,

3323
01:55:51,000 --> 01:55:52,000
HOW CAN THEY COME BACK AND SAY

3324
01:55:52,000 --> 01:55:54,000
WE WANT TO DO THE DEAL?

3325
01:55:54,000 --> 01:55:55,000
IT DOESN'T SEEM LIKELY.

3326
01:55:55,000 --> 01:55:56,000
>> WE HAVE A MINUTE.

3327
01:55:56,000 --> 01:55:59,000
THE BALL IS IN THE COURT OF UTC

3328
01:55:59,000 --> 01:56:01,000
SHAREHOLDERS AND UP TO THEM TO

3329
01:56:01,000 --> 01:56:02,000
DO SOMETHING TO MAKE THE BOARD

3330
01:56:02,000 --> 01:56:04,000
CONSIDER THIS PROPOSAL?

3331
01:56:04,000 --> 01:56:05,000
>> THIS IS NOT A CASE WHERE I

3332
01:56:05,000 --> 01:56:07,000
THINK YOU'RE GOING TO SEE

3333
01:56:07,000 --> 01:56:08,000
HONEYWELL GO TRULY HOSTILE.

3334
01:56:08,000 --> 01:56:10,000
THIS IS A BEAR HUG, TRYING TO

3335
01:56:10,000 --> 01:56:14,000
PUT PRESSURE TO TALK TO CEO GREG

3336
01:56:14,000 --> 01:56:16,000
HAYES AND TALK TO THE BOARD OF

3337
01:56:16,000 --> 01:56:18,000
DIRECTORS, WHY DON'T YOU ENGAGE.

3338
01:56:18,000 --> 01:56:20,000
THAT'S ABOUT AS FAR AS HONEYWELL

3339
01:56:20,000 --> 01:56:21,000
CAN PUSH IT.

3340
01:56:21,000 --> 01:56:23,000
THE PATH GOING BEYOND THAT SEEMS

3341
01:56:23,000 --> 01:56:25,000
HIGHLY UNLIKELY IN TERMS OF A

3342
01:56:25,000 --> 01:56:26,000
HOSTILE OFFER WHERE THEY WOULD

3343
01:56:26,000 --> 01:56:28,000
CHALLENGE FOR THE BOARD AND

3344
01:56:28,000 --> 01:56:30,000
MISSED DEADLINES ON THAT.

3345
01:56:30,000 --> 01:56:32,000
THAT'S WHERE THEY ARE.
THEY ARE HOPING THEY CAN

3346
01:56:32,000 --> 01:56:34,000
CONTINUE TO FOLLOW THIS JAW BONE

3347
01:56:34,000 --> 01:56:36,000
ENOUGH TO GET THE SHAREHOLDERS

3348
01:56:36,000 --> 01:56:38,000
TO PUT THE PRESSURE ON SO THE

3349
01:56:38,000 --> 01:56:39,000
NEXT OFFER THAT COMES MAY BE

3350
01:56:39,000 --> 01:56:40,000
BETTER --

3351
01:56:40,000 --> 01:56:42,000
>> WE'VE GOT TO INTERRUPT YOU,

3352
01:56:42,000 --> 01:56:44,000
MARCO RUBIO IS JUST TAKEN THE

3353
01:56:44,000 --> 01:56:49,000
STAGE.
WE APPRECIATE YOU JUMPING FOR

3354
01:56:49,000 --> 01:56:54,000
THIS, THOUGH.

3355
01:56:54,000 --> 01:56:56,000
>> STUDY HIS INSULTS, I'M NOT

3356
01:56:56,000 --> 01:56:59,000
SURE ABOUT STUDY HIS INSULTS.

3357
01:56:59,000 --> 01:57:01,000
AGAIN, HE PORTRAYS HIMSELF AS

3358
01:57:01,000 --> 01:57:02,000
SOMETHING HE'S NOT AND WE LOOK

3359
01:57:02,000 --> 01:57:03,000
FORWARD TO UNMASKING HIM.

3360
01:57:03,000 --> 01:57:05,000
WHAT'S AT STAKE NOW IS

3361
01:57:05,000 --> 01:57:06,000
IMPORTANT.
HE'S THE FRONT-RUNNER ACCORDING

3362
01:57:06,000 --> 01:57:08,000
TO POLLS AND ELECTIONS AND COULD

3363
01:57:08,000 --> 01:57:10,000
BECOME THE NOMINEE, WE'RE NOT

3364
01:57:10,000 --> 01:57:11,000
GOING TO LET THAT HAPPEN AND

3365
01:57:11,000 --> 01:57:15,000
ALLOW THE PARTY OF REAGAN OR

3366
01:57:15,000 --> 01:57:16,000
CONSERVATIVE MOVEMENT TO BE

3367
01:57:16,000 --> 01:57:18,000
TAKEN OVER BY A CON MAN.

3368
01:57:18,000 --> 01:57:20,000
>> WILL YOU STILL SUPPORT HIM?

3369
01:57:20,000 --> 01:57:23,000
>> HE'S NOT GOING TO BE THE

3370
01:57:23,000 --> 01:57:24,000
REPUBLICAN NOMINEE.
THE REPUBLICAN PARTY WOULD BE

3371
01:57:24,000 --> 01:57:26,000
SPLIT APART.
WE CANNOT ALLOW THE PARTY OF

3372
01:57:26,000 --> 01:57:28,000
REAGAN TO BE TAKEN OVER BY A CON

3373
01:57:28,000 --> 01:57:30,000
MAN.
>> YOU RELISH GOING AFTER HIM.

3374
01:57:30,000 --> 01:57:31,000
>> IS THAT YOUR KEY MOVE YOU'RE

3375
01:57:31,000 --> 01:57:33,000
TRYING TO REACH OUT, DO YOU

3376
01:57:33,000 --> 01:57:34,000
THINK THAT'S ENOUGH TO GET YOU

3377
01:57:34,000 --> 01:57:35,000
WHERE YOU NEED TO BE?

3378
01:57:35,000 --> 01:57:36,000
>> IT'S AN IMPORTANT GROUP

3379
01:57:36,000 --> 01:57:37,000
BECAUSE ELECTION IS SO MUCH

3380
01:57:37,000 --> 01:57:39,000
ABOUT THEM.

3381
01:57:39,000 --> 01:57:40,000
WE'RE DEBATING WHAT IS AMERICA

3382
01:57:40,000 --> 01:57:42,000
GOING TO BE LIKE WHEN THEY START

3383
01:57:42,000 --> 01:57:43,000
BUSINESSES OR FAMILIES OR

3384
01:57:43,000 --> 01:57:45,000
PERHAPS IN THE MIDDLE OF TRYING

3385
01:57:45,000 --> 01:57:46,000
TO DO THAT NOW.

3386
01:57:46,000 --> 01:57:47,000
THEY HAVE AS MUCH AT STAKE IN

3387
01:57:47,000 --> 01:57:48,000
THIS ELECTION IF NOT MORE SO

3388
01:57:48,000 --> 01:57:50,000
THAN ANY GROUP IN THIS COUNTRY.

3389
01:57:50,000 --> 01:57:52,000
THAT'S ONE OF THE THINGS WE'RE

3390
01:57:52,000 --> 01:57:54,000
EXCITED ABOUT.
I WON'T JUST UNIFY THE

3391
01:57:54,000 --> 01:57:55,000
REPUBLICAN PARTY, I'LL GROW IT.

3392
01:57:55,000 --> 01:57:57,000
PART OF IT WILL BE TO TAKE OUR

3393
01:57:57,000 --> 01:57:58,000
MESSAGE TO PEOPLE THAT PERHAPS

3394
01:57:58,000 --> 01:58:01,000
IN THE PAST NOT VOTED FOR

3395
01:58:01,000 --> 01:58:03,000
REPUBLICANS.
>> IS THERE ENOUGH TIME AND

3396
01:58:03,000 --> 01:58:07,000
MONEY -- WITH THIS CHANGE -- AS

3397
01:58:07,000 --> 01:58:10,000
COMPARED TO DONALD TRUMP, I'M

3398
01:58:10,000 --> 01:58:11,000
NOT CONCERNED ABOUT LOOKING

3399
01:58:11,000 --> 01:58:12,000
UNPRESIDENTIAL.

3400
01:58:12,000 --> 01:58:13,000
BEING PRESIDENTIAL MEANS THE

3401
01:58:13,000 --> 01:58:14,000
ABILITY TO ANSWER SERIOUS

3402
01:58:14,000 --> 01:58:16,000
QUESTIONS ABOUT IMPORTANT TOPICS

3403
01:58:16,000 --> 01:58:17,000
AND DONALD PROVED HE HAS NO PLAN

3404
01:58:17,000 --> 01:58:21,000
FOR HEALTH CARE NO IDEA HOW TO

3405
01:58:21,000 --> 01:58:23,000
BALANCE THE BUDGET.
I WISH WOLF BLITZER AND

3406
01:58:23,000 --> 01:58:24,000
MODERATORS WOULD HAVE PRESSED

3407
01:58:24,000 --> 01:58:25,000
HIM MORE ON THAT AND EVERYONE.

3408
01:58:25,000 --> 01:58:27,000
GUY DOESN'T KNOW WHAT THE

3409
01:58:27,000 --> 01:58:29,000
NUCLEAR TRY ADD HAS AND HAS NO

3410
01:58:29,000 --> 01:58:30,000
IDEA THAT SOUTH KOREA

3411
01:58:30,000 --> 01:58:32,000
CONTRIBUTES SIGNIFICANTLY TOO

3412
01:58:32,000 --> 01:58:34,000
THE DEFENSE DEFENSE WE HAVE AND

3413
01:58:34,000 --> 01:58:35,000
HE WANTS TO BE IN CHARGE OF THE

3414
01:58:35,000 --> 01:58:36,000
NUCLEAR ARSENAL OF THE UNITED

3415
01:58:36,000 --> 01:58:39,000
STATES AND POWER TO SEND YOUNG

3416
01:58:39,000 --> 01:58:41,000
MEN AND WOMEN OFF TO WAR.

3417
01:58:41,000 --> 01:58:43,000
WE'RE GOING TO UB MASK HIM FOR

3418
01:58:43,000 --> 01:58:46,000
THE CON MAN HE IS.

3419
01:58:46,000 --> 01:58:49,000
>> SLOW OR STOP DONALD TRUMP?

3420
01:58:49,000 --> 01:58:51,000
HE'S THE FRONT RUNTER NO DOUBT

3421
01:58:51,000 --> 01:58:52,000
ABOUT IT.

3422
01:58:52,000 --> 01:58:55,000
THERE'S A SENSE OF URGENCY.

3423
01:58:55,000 --> 01:58:58,000
THE CON SERVE TIF MOVEMENT COULD

3424
01:58:58,000 --> 01:59:00,000
FALL INTO THE HANDS OF SOMETHING

3425
01:59:00,000 --> 01:59:02,000
WHO HAS CONNED A SIGNIFICANT

3426
01:59:02,000 --> 01:59:03,000
NUMBER OF AMERICANS INTO

3427
01:59:03,000 --> 01:59:05,000
SOMETHING HE'S NOT.
THIS IS THE PARTY OF REAGAN AND

3428
01:59:05,000 --> 01:59:07,000
PARTY BUILT ON OPTIMISM AND LAST

3429
01:59:07,000 --> 01:59:10,000
NIGHT YOU HAD THE FRONT-RUNNER

3430
01:59:10,000 --> 01:59:12,000
IN THE REPUBLICAN DEBATE

3431
01:59:12,000 --> 01:59:13,000
DEFENDING PLANNED PARENTHOOD AND

3432
01:59:13,000 --> 01:59:15,000
SAYING HE'S NOT GOING TO TAKE

3433
01:59:15,000 --> 01:59:16,000
SIDES BETWEEN ISRAEL AND

3434
01:59:16,000 --> 01:59:17,000
PALESTINIANS.

3435
01:59:17,000 --> 01:59:18,000
THAT WOULD BE A STUNNING SHIFT

3436
01:59:18,000 --> 01:59:20,000
FOR THIS PARTY AND QUITE FRANKLY

3437
01:59:20,000 --> 01:59:21,000
WOULD MAKE US INDISTINGUISHABLE

3438
01:59:21,000 --> 01:59:23,000
FROM THE DEMOCRATS.

3439
01:59:23,000 --> 01:59:25,000
>> YOUR CAMPAIGN IS GUARANTEED

3440
01:59:25,000 --> 01:59:26,000
TO WIN FLORIDA.

3441
01:59:26,000 --> 01:59:27,000
>> ARE YOU GOING TO DO THIS

3442
01:59:27,000 --> 01:59:28,000
EVERY DAY AGAINST DONALD TRUMP?

3443
01:59:28,000 --> 01:59:30,000
>> WE'LL DO IT OFTEN.

3444
01:59:30,000 --> 01:59:31,000
>> YOUR CAMPAIGN IS GUARANTEED

3445
01:59:31,000 --> 01:59:33,000
THAT YOU WILL WIN FLORIDA.

3446
01:59:33,000 --> 01:59:34,000
YOU'RE GUARANTEEING --

3447
01:59:34,000 --> 01:59:36,000
>> WHAT HAPPENS IF YOU DON'T.

3448
01:59:36,000 --> 01:59:37,000
>> WE'LL WIN FLORIDA.

3449
01:59:37,000 --> 01:59:39,000
>> ARE YOU COMFORTABLE WITH THE

3450
01:59:39,000 --> 01:59:44,000
PHRASE ANTI-TRUMP CANDIDATE,

3451
01:59:44,000 --> 01:59:46,000
RUBIO?
>>IZE FRONT-RUNNER AND ONLY WAY

3452
01:59:46,000 --> 01:59:49,000
TO STOP HIM VOTERS COALESCE

3453
01:59:49,000 --> 01:59:53,000
AROUND SOMEONE TO STOP HIM.

3454
01:59:53,000 --> 01:59:55,000
I THINK IT'S TIME TO COALESCE

3455
01:59:55,000 --> 01:59:56,000
AROUND SOMEONE THAT CAN BEAT HIM

3456
01:59:56,000 --> 01:59:59,000
AND STOP HIM AND AROUND SOMEONE

3457
01:59:59,000 --> 02:00:00,000
THAT CAN UNITE THE PARTY AND

3458
02:00:00,000 --> 02:00:01,000
GROW IT.

3459
02:00:01,000 --> 02:00:05,000
THIS THE ARGUMENT I'M MAKING.

3460
02:00:05,000 --> 02:00:06,000
>> IS THAT THE DIRECTION WE'LL

3461
02:00:06,000 --> 02:00:07,000
SEE IN THE COMING --

3462
02:00:07,000 --> 02:00:10,000
>> DONALD TRUMP IS THE

3463
02:00:10,000 --> 02:00:12,000
FRONT-RUNNER WON THE LAST THREE

3464
02:00:12,000 --> 02:00:14,000
STATES, LEADS IN EVERY POLL THE

3465
02:00:14,000 --> 02:00:15,000
TIME FOR ACTION IS NOW.

3466
02:00:15,000 --> 02:00:17,000
AGAIN, IT GOES BACK TO WHAT I

3467
02:00:17,000 --> 02:00:20,000
SAID.
IF YOU SEN