Long term move for our safety and our economy. Hi everybody im Dagen Mcdowell this is bulls bears. Along with gary b. Smith the bulls bears this week, jonas and John Layfield along with jessica tarlove. Welcome to everybody. Gary b. , you like the president s decision. I think its a great move, dagen look, the deal was never, and we discussed this, you know, quite a few times on the show. It was never a good deal, at best it only delayed their development of nuclear weapons, and even though they didnt claim they were developing weapons of Nuclear Enrichment at a very minimum and gave them a pile of money. Look, i think what President Trump is trying to do, hes already seeing pickle that we have now with north korea. He is looking to prevent the next north korea. The other nations are not worried about it and thats fine , but we are so what hes doing is ensuring our future safety. Thats good for us, its good for the world, its a smart move dagen and john what it did do was funnel money and business , 1. 7 billion in cash to iran still a state sponsor of terrorism. John yeah, it can and look gary b. And i were adimate about this in 2015 before the deal was signed this was a terrible deal. I agree with the president. It took 35 years to get sanctions on iran to actually bring them to the negotiating table. The toothpaste is out of the tube at this point. We are not going to get those sanctions put back in place and here is the problem. This is a legal binding agreement and what the president has done is issued not a rejection so its up to the congress now to decide what they want to do, but the president right now is acting unilaterally you had the secretary of defense mattis, secretary of state tillerson, germany, england, and france all has said they want to stay in this deal. Its a dangerous precedent because theyve not violated any sanctions even though theres speculation, its a dangerous precedent to violate a legally signed document just because your predecessor did it and you dont like it on though its a bad deal. Dagen but is it nor dangerous to johns point funnel money and business which europe does not want this to go away because of all of the business deals that have been inked to funnel that money to iran when essentially the restrictions on Nuclear Development fall way after 10 years. You hit it right on the head not to mention it doesnt include the Ballistic Missile program that they can develop, and honestly speaking when you think about sunset of 10 years, i mean do you really have a deal when you gave them 150 billion access to 150 billion which they can create an environment to continue to destabilize the region . Im lock step, im in lock step agreement with President Trump on his decision. The only issue i think is it doesnt seem as though the team is in lock step agreement with President Trump on this the number for instance tillerson talking about general mattis as well. We need a better deal and President Trump did the right thing in terms of kicking this back to congress to put some new real teeth in this and triggers that will allow for if they violate their agreement we can tut those sanctions right back on them. Dagen secretary of state tillerson, secretary of defense mattis, jeff, but ill point to the these european nations. You want to do a business with a 400 billion economy thats iran or 19 trillion economy the United States take your pick. They obvious obviously choose us over iran but i can do that simple math for sure but i dont think its going to get to that. I totally understand what the president did today and he also needed a win. He needed something to make him feel good and he was keeping to a promise. He had his executive order on obamacare as well this week but thats a whole other topic also not happy about that but i think it is really important to consider the views of his team here. He picked the best of the best certainly in the military brass he brought on is also his army chiefs of staff right . Who say that we should stay in the deal as it is and that they are complying and thats something the president went out there and lied to the American People about. He says that iran was violating the deal and the way he was saying it also was like in fat fake news he said oh, may in youve heard theyre violating it. Dagen ill pushback on that that he said theyre violating the essence of the deal and what they are doing is continuing to fund terror in the spirit of the deal continuing to fund terrorism, the military sites are completely off limits to nuclear inspectors. They have moreover site of their program than we would have ever have access to and to the 1. 7 billion dagen and they continue to test missiles. And continue to hate israel and america and all those things are never going to change so the question is whether we want a diplomatic solution which i personally always favor or we do down the little rocket man. Dagen sanctions could bring that up, wait hold on one second i want to get jonas. I think what President Trump did could be very wild because you throw a wrench into this and raise questions no businesses in europe are going to ink more deals with iran until theres some certainty about what the big old usa is doing. Im not crazy about bringing countries to their economic needs. We have less problems with bigger economies so if anything it would be better if i ran wasnt like north korea and more like a jury in a real country. I dont want to get off topic because good points were made about the shortcomings of the deal including good points about not getting rid of a deal just to do it but the problem and i like the idea of tinkering with the deal to force congress to do something. The problem with this and whether its healthcare or any of the other things trumps latest strategy is is it is going to congress and they arent going to be able to make a better were all acting like oh, they will come up with a better deal than this soso deal we already came up with and its like they come up with a better obamacare. They arent coming up with better than the mediocre things we already have or they would have happened already. This deal is still 10 years or so of less Nuclear Development maybe and thats better than an even worse deal or no deal or wrecking the whole thing which is the kind of work theyre capable of doing. Dagen gary b. , but i was watching the stock market which i know you do and you had every market deal hitting an alltime high on friday. This will hurt european businesses if you cutoff deals more than it will hurt american companies, at this point except for maybe boeing. Gary exactly but on the flip side dagen i think this will help worldwide economy because its going to be a safer , if we get Something Different agreement if you will done. You know, i want to go back to jessica made a point that says she always favors diplomatic deals. You know, jessica even way before you were born, we were doing a diplomatic deals jessica. There was a time before my existence gary . Gary where has that gotten us . Nowhere, we have more dangerous foe than we did before. The whole point President Trump understands is you dont do deals with bullies. You make a line in the sand and you stick to that line. Yes, hes punting at the congress at this point because thats probably the sensible thing to do. For jonass point are they coming up with Something Better . I hope so but at least hes taken a proactive approach. Dagen john i want to bring you in here. This is a country that captured our sailors and chanced death to america and israel but john do you know what gives us leverage over iran, are all business that we are the Worlds Largest exporter of refined product right now. We are on the cusp of producing more crude every day than we ever have in the history of this country. That gives us an awful lot of power over that little iranian oil country. John little iranian oil is getting a lot smaller its about 3 millionbarrels a day so when you talk about such a small amount which is 4 of Global Production west texas crude and bakken shale and north dakota can come up with that in a short order so youve taken that oil out of the equation which is a very important part. The bigger thing than this iran deal right now is iranian encroachment into iraq and to also syria, that is much bigger problem than the Nuclear Proliferation going on. We have a lot of problems. Understand also, that iran is training a lot of the former malitias helping us fight isis. This is a very complicated process that we have right now with iran. To be able to go in and re negotiate this deal, the sunset provision we should have never had that, but you can not insert that into a deal that isnt a current existing deal and the problem is we have a deal that we signed were legal ly obligated. Jessica just adding on to that i think its a really important point here when obama drew the line in the sand the red line with syria and went back on it everyone was rightful ly enraged with him. The u. S. Even though it was president obama not President Trump has commit to this deal. They made this a partnership with a number of other countries dagen but were guessing, charles jessica. Theyre terrorists. Dagen we shouldnt have ink ed the deal. We handed billions of dollars to a sponsor of terrorism this is essentially killing America Thanks guys. Jessica coming up, the president suggesting if nfl players dont stand up maybe its time the teams give up those tax breaks. Zar one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. It really scared him out of the markets. His advisor ran the numbers and showed that he wouldnt be able to retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Having someone coach you through it is really the value of a Financial Advisor. I even accept i have a higher risk of stroke due to afib, i accept i take easier trails than i used to. A type of irregular heartbeat not caused by a heart valve problem. 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Boo dagen before the nfl meets with players and owners next week over the National Anthem mess the league announcing it wont be mandating players stand up so someone here says that its time to do what the president suggested and tell the teams to give up all of those tax breaks. Theyve been getting, gianno take it away literally. Gianno well literally in 2004 there was a tweet to the irs code which allowed for owner s to writeoff 100 of their Purchase Price of these teams over the 15 years i believe it is, so we know that the nfl is pretty much employing millionaires, its not employing an industry of wellpaid american citizens that are from middle of the road countries. I dont know why we would allow for them to writeoff 100 of their tax liability. It doesnt make a lot of sense to me so when it comes to Industries Like maybe home depot or walmart or somewhere paying folks pretty decent bucks of course executives and otherwise that makes more sense for them to get a tax break versus giving these folks 100 tax writeoff here and they obviously increased the value of the team. Dagen john you played pro ball. What do you think because again, this debt that these teams issued to build these stadiums thats cost the american taxpayers 3. 7 billion since 2000. John it is. Its cost Major League Baseball a little bit more talking about the citizens of america through tax breaks but thats local and state and what gianno mentioned was 2004 for owners. The nfl dropped their exempt status in 2015 only right now you have nhl, pga at exempt status and i feel very strong. I spent a lot of christmases in iraq and afghanistan with wonderful heros and feel strong ly about our flag and country and also very very strongly about the motives behind this protest not necessarily how they protest but you cant use the tax code as a penal system because you disagree with what a company is doing. I think its wrong and dont think what america is based on. Dagen gary b. , i know you dont like tax breaks for stadiums. Gary exactly. Im going to disagree with john on this one. First of all a lot of the Municipal Bonds they issue for these stadiums are exempt from federal taxes, so if they choose to go totally local and state like they did recently in las vegas, thats one thing but you know, john talks about closing loopholes and normally the Municipal Bonds are used to build bridges and highways and infrastructure. The fact that the nfl teams found this loophole from stadium s, i think could be just a case of well were just going to close a loophole. Now is it vindictive on the part of trump . Well ill leave that up to anyone else but could it be done and maybe should it be done . I think so. Dagen jonas . Jonas look this whole socializing sports is a surd. Youre already paying on your cable bill a certain amount huge plans for cable companies. Whether you watch sports or not the fact some of your tax money is going to a local government can do it taxfree mini offering to build a stadium youre never going to do to its not a road or a power plant. Everybody doesnt have a car or use the road or bridges but at the end of the day it is a great profitable business the only people richer than the athletes are the owners that figure out a way to pay for this stuff like everybody else and not be a Charity Organization and get bond deals to make these deals go through. Dagen you know what . Its cheap tickets if youre a giants fan though right now, jeff. Jessica. My brotherinlaw is a giants fan. My boyfriend is a cowboys fan and i went to my first nfl game actually and here we are. Boyfriend and brotherinlaw are both incredibly nice, but to garys point he said someone else could deem whether it was vindictive on the part of trump ill take it yes it is vindictive on the part of President Trump. He will stop at nothing to win this one and i agree completely with what john said there. Its very disturbing to see the president of the United States of america weighing in on these issues in this way. I expect that we will be seeing some interesting types of protests this weekend. Im not sure how many will be standing how many will be kneeling but i think there will be a lot of unity. Dagen ideal this senator corey booker who happens to be a democrat was in favor of getting rid of this tax favorability. Jessica thats fine corey booker is from new jersey and im a new york gal. Dagen thank you, goes, and gal. Cashing in just over an hour from now trish what do you have coming up . Trish hi dagen, Vegas Shooting victims the hotel where the gunman fired from now someone says all big resorts should be security procedures to protect the public and protect shareholders plus why are some democrats slow to give back their donations from Harvey Weinstein . See you at 11 30 eastern. Dagen thanks, trish well be watching but up here First Congress pledging even more disaster relief, now as the bills for hurricanes and wildfires continue to pileup, someone here says that weve got to keep our debt down, so how do to keep our debt down, so how do we pay for all of can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone because shes listening this to audible. Ughing and this woman is pretending her bosss terrible story is funny. Experience the comedy, not your commute. Dial starstaraudible on your smartphone to start listening today. Copdso to breathe better,athe. I go with anoro. Go your own way copd tries to say, go this way. 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Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Dagen wildfires still raging , hurricane victims still hurting, the house this week passing a 36. 5 billion aid package. And john you say this is exactly why we need to cut our 20 trillion debt so we can spend on the things that really matter. John absolutely. Look debt essentially doubled under president bush, it doubled again under president obama. Congress is mortgaging our future to get themselves re elected. We arent going to have money for anything except Interest Payments if some sanity doesnt come to washington d. C. Dagen gianno. Gianno balanced Budget Amendment where is that. Weve been talking about the budget and tax reform for a long time but no one is talking about where are we going to cut, how will we cut spending and balance our actual budget . Dagen jess . Jessica yeah i dont disagree. There are a lot of places we could be cutting and go back and get those chickens off the treadmills and we can start there. Dagen jonas . Jonas see i dont think theres any cuts to pay for all of this damage so we need to tax for it because the america people pay it because they know it has to get paid and we dont have the Borrowing Capacity with our debt this high relative to gdp so lets have a plan to pay with this with a federal tax that can be temporary to reboot the fema budget. Dagen gary b. . Its never temporary. Dagen as you know we will never cut spending thats part of the problem. Gary b. Jonas for one is a communist so lets get that right upfront with this tax talk. Two, i think john made the comment by within the next 30 years or so, almost our entire federal budget will be on entitlements and interest on the debt. We dont cut it now we are the next greece. Dagen sadly thats true 80 of the growth in federal spending is on entitlements and interest on our federal debt. It was great to see you all, gianno and jessica thank you so much for joining us, gary b. Was nice to you. Whats up with that its always me. Dagen it is you jessica actually. It looks like ikea is going to the dogs. Literally, the Swedish Furniture giant launching a new line, and this mans best friend and your wallet will love heres to the heroes americas Small Business owners. And heres to the heroes behind the heroes, who use their expertise to keep those businesses covered. And heres to the heroes behind the heroes behind the heroes, who brought us delicious gyros. Actually, the gyro hero owns veros gyros, so he should have been with those first heroes. Ha ha thats better. So, to recap Small Business owners are heroes, and our heroes help heroes be heroes when theyre not eating gyros delivered by ah, you know what i mean. Predictions, gary b. Go. Dagen i was just at lowes and it was mobbed everyone is rebuilding after the hurricane is here and disasters elsewhere its a great stock to buy now up 30 in a year. Jonas you like it . Jonas not if trump takes the away the mortgage reduction. Amazon has a it rival in walmart and its up 20 in a year. Dagen gary b. , you look like you shop at walmart too. I will buy walmart stock when i buy my very first thing from walmart. Com. Dagen [laughter] jonas your prediction . Jonas its about time ikea is launching a pet line of furnishings et cetera, now you cant buy stock directly but the whole swedish economy will boom when all the money pours in. Dagen you look like john youd buy furniture for your animals. John i would understand ram one better than i understand his dad can we keep him please . Dagen yes we can. Hi. Well get you a king size bed as all your own thank you for joining us number one business block the cost of freedom continues right now. Take it away, mr. Neil cavuto. Neil welcome, everybody. Coming to you from seattle today which has a lot at stake if you think about all of the Technology Companies and the big names here that are hoping to see tax cuts and the like and then the middle of all of this the president getting nasty with his own team going after the likes of bob corker and a nasty tit for tat a lot of folks wondering you need all the friends you can get to get tax cuts through or is this just part of a wider strategy to put the pressure on the folks on capitol hill to deliver the goods this go around. Lets get to it with my team panel joining me charles payne, weve got deirdre b, what is joe doing here . Ben stein and last