Transcripts For FBC Cavuto Coast To Coast 20240714

In an Ongoing Investigation that now has its principle player dead. But first stocks in and out of session lows. Though not as low as we were earlier on, on the first hint of trouble in hong kong, the 10th straight weekend involving the airport. Susan li at the new york stock exchange. Hey, susan. Susan neil with all the uncertainty we have investors running into safety. 10year treasury testing a new threeyear low. 166 basis points, that is below the borrowing rate from the u. S. Federal reserve. Industrial, energy, consumer cyclicals all those names being sold off. In rather what i would call you a thin volume summer trading day. Some of the moves might be more exaggerated. Mcdonalds, home depot, accounting for 1 3 of the dows losses. The vix surging above 20. 20 is not out of the realm possibilities. It is not panic levels. We have to look at volatility. Goldman sachs getting all buzz on the trading floor. We started out with goldman putting out a note, chances of recession have now increased. There will be no u. S. China trade deal before the 2020 election and 10 on 300 billion worth of goods will be going into effect on september the 1st. That is impacting sentiment. Look what is happening on hong kong. Traders are looking at this, given hong kong is Financial Center for the asiapacific for the long time. Gateway for investing for international investors. 8th busiest around the world. Handles 1100 cargo and passenger flights. It was shut down in the midafternoon on monday. Reopen on Tuesday Morning this is after thousands of protesters after the three days strike in the airport, basically shut down the entire terminal. Take a look at these disturbing pictures as well. You know, for people that have lived in hong kong, it is really disturbing, almost sad to look at 24 this with Hong Kong Police firing tear gas into the subway station. There are reports that people lobbed petrol bombs at police. The hong kong airline, Cathay Pacific, lowest day in three days. There are reverberations not just politically but financially as well. Neil susan, you know the region as well. How is it possible thousands can occupy a airport . Susan not like they were not looking to shut down the transport hub. We got done with three days of a protest sitin. The hong kong and government and police shall we say were surprisingly unprepared for this. Given the activity weve seen in the hong kong terminal in weeks on ends, days leading into this, i would say it is a little surprising. Neil thank you very much, susan li at the new york stock exchange. She had mentioned Cathay Pacific the big hong kong carrier, some of the duress it is feeling, it is actually urging customers to postpone nonessential travel. Think about that a second. An air carrier saying if you dont have to fly, dont. S that warranted . Is this fear and anxiety getting over the top . Independent womens forum claudia rosette said these are biggest rebuke of beijing since Tianamen Square. That is scary in itself, huh . The problem is not the protesters. I watched them there at the airport. They were entirely peaceful. What theyre asking for is freedom. That is what theyre asking for, you would ask forfeit china was busy imposing its rules on you, me, or anybody. And, the question is, how does this end . Were seeing what were seeing right now, is actually incredible bravery on the part of the people of this marvelous city of hong kong. Neil so, when you talk about they want freedom, this is advanced a little bit beyond the extradition issue, right . Where are we, now . Sure. Extradition was just extradition bill was just one more step in this china has been stripping away all the promised rights and freedoms that hong kong was supposed to have for 50 years after the british handover. It is only 22 years in. Weve seen kidnapping of critics of beijing. Weve seen the disqualification of legally elected democratic lawmakers. Weve seen the stripping away of the promise they could actually elect their own chief executive. They cant. That is rigged by beijing. One of the big problems here there is no actual political dialogue. Hong kongs people are asking for things they were promised and theyre getting absolutely unyielding blank from the chief executive who serves beijing, knot hong kong, and from beijing. You are seeing a free society running up against the worlds most powerful tyranny. That is what were hearing. That is what people are talking about at the airport. That is what this is about. Neil the chinese are pointing a finger at us for fomenting this protest movement. We put out a statement, that is from the administration, the u. S. Continues to monitor developments in hong kong, urging all sides to refrain from violence but, it is the First Official statement weve had to cool it, but im wondering if it is too little too late now . Neil, the whole free world should be speaking up to support the demands the people of hong kong. These are reasonable demands this is what they were promised under a treaty between britain and china. China is violating that promise. Thats huge. To go under tyranny like chinas is a terrible thing. We sympathize with people when they try to fight that. That is what were seeing through, again this was a peaceful demonstration. They went to the airport. They put up posters. They were particularly angry today, although they were peaceful because a nurse who was helping, they have medical help at these demonstrations because the police have been using a very potent tear gas and rubber bullets and batons. A nurse shot in the eye with a rubber bullet. They were there to say they dont want Hong Kong Police doing that. Basically Hong Kong Police have been put in the position by china, and the china Hong Kong Government of being leading edge of china policy they have no actually mandate to negotiate some deal with what the people want, but they are simply being sent out there to stop these protests. That is why you keep getting this violence. Hong kong people have no other way to make their will felt in their own politics at this point than to turn out in the street. That is chinas doing, not, people of hong kong. Neil claudia, be safe for yourself. Independent womens forum policy fellow talking to us from hong kong directly. What would happen if china intervened in the protests and all bets are off . Consensus view says they will not, being the economic juggernaut they are today will risk anything like they did 30 years ago in Tianamen Square . Is that a given. Gordon chang, former vice to Vice President dick cheney, john hannah. This is the first time the administration spoke out what is happening in hong kong, to the degree it is urging both sides to provide some calm here. Things are not calming down. What do we do . I think, what claudia said, neil is right. That the United States is actually very late to this extraordinary series of events weve seen happening in hong kong over the last 10 weeks. And i just say in the context of what is also happening in russia, the free world needs to stand up and take notice. Without giving people undue belief well somehow ride to the rescue, we need to be sending a very strong message to the chinese, both publicly, especially privately together with whatever posse we can organize in europe and in asia. The strongest economies in the world telling china there is only a political solution to this. That if we see anything approaching tianamen 2. 0, it will be devastating for the wests relationship with china. For at least a decade to come this china is economy demonstrating rael weaknesses and vulnerabilities right now. Neil gordon chang, when you you the coming collapse of china 2001, you said they will protect military power by all means and all costs s this at that breaking point where they have to decide do we want to remain an economic juggernaut or will we roll the dice . Many figured 30 years ago, we rolled the dice, the world screamed but everything was okay, what do you think . Its a militant state, neil, even in good times. What were seeing right now with xi xinping, i think that he is looking at this, he is worrying about the contagion effect. That the protesters in hong kong are going to inspire people on the mainland. One thing, neil, we talk about the deployment, the formal deployment of the Peoples Armed police and Peoples Liberation army on hong kong soil but there is strong evidence suggesting that you have got mainland officers in hong kong already. The most recent is the video that has been circulating where you have a hong kong riot policeman, who is obviously cantonese speaker, he is from hong kong, speaking colloquial cantonese and he turns around to other riot policemen, starts speaking to them in mandarin and addresses them as comrade. That is not something a Hong Kong Policeman would say to somebody from hong kong. I think warnings have to come right now, they have to get their people out of the Hong Kong Police force. Neil if theyre arguing hong kong officials are handling this, and we have faith they will, that is not what theyre saying, that is prescription, gordon for a lot more trouble . It certainly is. Neil, im in toronto because my inlaws are celebrating their 55th wedding anniversary. Theyre getting together. He it is hong kong family. 14yearold nephew said to me two days ago, gordon. This is civil war. I do not want to go back. That is what were talking about, neil. This society is disintegrating. I dont think china will intervene, they realize if they did theyre in there for years with hundreds of thousands of troops. But nonetheless, we have all got to be gravely concerned. The warnings from the u. S. Need to reflect that graphty much more serious than the ones were hearing right now from washington, john, if we need anymore impediments in trade talks if this is a big one . I think its, it is a, huge, explosive device ready to blow up, whatever issues weve had now in trade. If china mishandles this, neil, if we do see Something Like tianamen 2. 0, i think it is going to be a dagger in the heart of our ability to right this relationship and get the kind of balance that the president has been struggling for in our economic relationship with china because, i think there will be just such an extraordinary amount of outrage. Unless china demonstrate a degree of wisdom and foresighted diplomatic skill here to begin to deescalate and to get into a real political dialogue on the very reasonable demands right now of the hong kong people, to preserve their civil liberties, which, which xi xinping and the Chinese Communist party so far have shown absolutely no ability to do, im afraid this could get much, much worse. Neil gentlemen, thank you very much, for that insight. Just some headlines popping up these days, is cooler heads will prevail. China knows that the whole world is watching. China wont be doing anything idiotic. Im not talking about what is going on in hong kong today. Those are some headlines from 30 years ago, right before tee Tianamen Square. We have a lot more after this. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. From the 5am wakers, to the 6am sleepers. Everyone uses their phone differently and in different places. Thats why Xfinity Mobile created a Wireless Network that auto connects you to millions of secure wifi hot spots. And the best lte everywhere else. Xfinity mobile is a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Click, call or visit a store today. Neil you had to figure the conspiracy theyre would be fast and furious. The Justice Department investigating the Jeffrey Epstein death. Bryan llenas on all of this. Hey, buddy, whats up . Reporter attorney general william barr spoke about Jeffrey Epsteins death at an event in new orleans. That the doj is looking into irregularities at the metropolitan Corrections Center where epstein was awaiting his trial. I was appalled, indeed the whole department was, frankly, angry, to learn of the mccs failure to adequately secure this prisoner. Reporter there are questions this morning about staffing at the mcc because fox news has learned epstein was not checked for several hours, leading up to his death. The union, however, representing the two guards on duty in the unit housing epstein tell fox news the guards were overworked. One had worked 80 hours that week. The union is blaming the federal bureau of prisons and the Trump Administration saying epsteins apparent suicide can be directly linked to alltime low staffing at mcc over the last three years. Quote, we in cp l3 3 have been sounding the alarm for years about the hiring freezes, underfunding, how understaffed our facilities are nationwide, all because of the policies of this administration. Fox news has learned epstein was on suicide watch after reportedly found in his cell with bruising around his neck two weeks ago. He was taken off suicide watch. Experts say it is unusual someone to stay on suicide walk for two weeks. It is intensive, constant monitoring for 24 7. Fox news learned epstein was alone in his cell at the time of his death which is also unusual. An autopsy has been done by new yorks chief medical examiner. She is awaiting more information before determining the official cause of death, something were told is also not that unusual. These things sometimes take weeks. Neil thank you very much, bryan llenas. The question comes as brian pointed out whether others are involved here or what happens to others brought up in this case. Former federal prosecutor on what happens when more information inevitably does come out, and how you proceed with all of this. Katy, good to have you. What is next in this, do you think . Obviously the criminal cases against the other individuals who are implicated or may be implicated will continue. The death of Jeffrey Epstein does not necessarily stop any of that, but for the sake of all the alleged victims mr. Epstein this prevents them from getting a lot of closure they may have been looking for. Neil so when youre looking to continue the case with those who also are charged with either working with him or benefiting from the same thing, how do you pursue that when the chief culprit is dead . Quite frankly, the fact that mr. Epstein is dead doesnt really change anything with the evidence of these cases. There is no practical reason that we would have heard from mr. Epstein directly anyway. So, i dont believe that from a criminal perspective that the cases will be really impacted in any significant way. Of course on the civil side, alleged victims can go after his estate. That is obviously completely separate from all these other prosecutions but youre able to proceed with a prosecution of coconspirators even if one of the conspirators is deceased. The government can prove elements they need without that person being alive. It doesnt change it from that perspective. Neil does it make it more difficult . I dont believe it makes it more difficult from prosecutorial perspective but trials are just as much as bringing justice to a perpetrator as bringing closure to alleged victims. From that perspective it is unfortunate that the bureau of prisons was not able to keep him alive. That is a significant responsibility they have to insure that neil what do you think of all of that, katie . The oddity of it, you heard all the conspiracy theories been advanced but what do you think . Sure. I think there is a need for a Serious Investigation here. You have a highprofile prisoner. If somebody wants to kill themselves theyre probably going to find away to do that but we dont know the cause of death here yet. There is lot of questions how he was able to do that, being so highprofile, being previously on suicide watch. Manpower goes into these sort of things is significant, it cannot be prolonged indefinitely but there is a lot of questions and people will probably have to answer some hard questions why he was able to do this and how it even happened and who was involved . Not to advance any conspiracy theories, but practically speaking how he was able to get the means to do this. Why was nobody watching . What exactly led to this. There is certainly all the open questions out there. The Bureau Prisons has distinct responsibility to keep people alive, they really failed in that regard here. Neil just incredible. Thank you so much, i appreciate it. Thanks, neil. Neil verbal gaffs or just blunders. Joe bidens are beginning to pile up, so much so that a number of democrats are rethinking whether he is the guy. But theyre also saying none of the others are the guy or gal either. Just who is . After this. Theres a company thats talked to even more real people than me jd power. 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. I dont see anybody on the stage right now that can take on President Trump oneonone. Im not so sure his opponent has even declared yet. Tough watch guys like bloomberg, Hillary Clinton, michelle obama, a whole ralph of potential neil where was bannon coming from for that interview . Surface of venus . The former confidante of president of the United States said there is no one of that democratic field who can take on the president of the United States, save recruiting michelle obama. He is not the first to say that of course. Others are hinting that the field has fallen apart of its own weight. Each one brings issues as my next guest put it, their own clay feet to address. Fox news contributor liz peek on whats happening here. You know, we always see this early on where they are doing sorting out. Even in a crowded field like this, liz, maybe an outside person, maybe a michelle obama, what do you think . Michelle obama is an interesting idea, she is now certified the most popular woman in the world. A number of polls came out in december saying that, again just recently. She displaced Angelina Jolie, no one is talking about Angelina Jolie running for president. Neil Hillary Clinton a winner of that . She has been neil most admired woman in the world. For 17 years, as you can imagine. Michelle obama has taken her place. People do like michelle obama. Her book was wildly successful. She emerged from the white house years with average of about 66 approval rating. Barbara bush had 81 . So it is not unusual for the first lady to do pretty well. But, i think what this really says is, people are looking at this raft of candidates and they cant find someone who doesnt have a glaring flaw. That is a real problem. Joe biden, honestly think if he is the nominee, will be another bob dole run. It was his turn but turns out really nobody is really excited about bob dole. Neil he has made, look, we all make mistakes. His gaffs are horrendous though. Neil they are constant. Maybe because we are aware there is a gaffe were more tuned to the next one, that is all people are focusing on, which is why a lot of democratic money guys are saying that this is a problem . I think they see it over and over again. It isnt just the gaffs but whole demeanor during the debates where he is so reticent. He was so worried i think at the would tumble over his words and not get it read right. Neil stay safe. Face it, it is age. He looks like somebody very scared he will make a goof. Neil he is 76. The president is 72. So, you know, theyre both not spring chickens. No, but you know, lets face it, donald trump maybe because he doesnt drink, i hate to think that, is incredibly energetic. He is really a force. I dont think you see that with joe biden. But again, so lets say it is not joe biden, who is next . Bernie sanders is a onetrick pony. He talked about the same thing for five years and his polling is crashing, people are like, really not going to be bernie. Neil he has a lot of financial backers online. It will not be bernie sanders. I dont think so. The polling shows that the more he talks, the more he sort of begins to fade. Elizabeth warren has an idea a minute, she is so harsh and hectoring does she want nanny scold for president . I dont think so. Neil why do you put Kamala Harris in the less nanny scold camp . Harris was involved in Law Enforcement some years. In todays world that makes you suspect. She puts black people in jail. Everybody needs the black vote, among democrat, that is huge portion of primary voters in south caroline. 2 3 are black. Blacks are not keen on Kamala Harris, because presumably of her association with mass incarceration. Tulsi gabbard called her out on that during the last round of debates. It was a body blow for Kamala Harris. She has been dishing it out to joe biden, his involvement with the crime bill. His involvement with busing. Neil her numbers have slid a little bit. Elizabeth warren has risen. This is momentum kind of thing, regardless what you said about Elizabeth Warren. She has a lot of momentum. She does, she has an idea every 30 minutes. Honestly bewildering almost impossible to keep up. But i think at the end of the day, her idea about taking over the u. S. Economy and remolding it and very profound ways, reducing she has called herself a capitalist. I dont know a single industry she doesnt want to topple. It is extremely hard to make the case that she admirers capitalism. Neil if the market goes through hiccups and doesnt quickly reverse, what do you make of that. She would love nothing more than seeing a recession. She doesnt want to miss that. Her heyday, big claim to fame after she took on the banks after financial crisis. That is how america got to know Elizabeth Warren. Neil foresaw a lot about it. Im not sure she foresaw bit. Like everyone, she knew shaky lending was going on. She was involved in creating the Consumer Financial protection bureau, other people think were protective. They admire her for that. She would love to get back to a place where that rules the day. Neil she always ruined the curve for the class. She had a plan for everything. You did the same thing. Liz peek. We are down 208 points. We shaved 80 points as soon as liz started speaking. Great riches will find you when Liberty Mutual customizes your car insurance, so you only pay for what you need. Wow. Thanks, zoltar. How can i ever repay you . Maybe you could free zoltar . Thanks, lady. Taxi only pay for what you need. Liberty. Liberty. Liberty. Liberty. Neil took at 10year treasury down 1. 66 . It is not negative like what is going on in germany or switzerland. Not 100 year mortgage popular in denmark. I kid you not. These Market Forces are in place. Fbn Jackie Deangelis on what this could mean . Hey, jackie. There is so much talk of negative Interest Rates of late. 1. 66, that is staggering, i thought there would be stabilization here, we would continue to slide. Could our rates go negative as we have in other countries . What would it mean . Simply put, it means banks pay you to borrow money. If you save, the money that is in the bank, you will pay the banks to hold on to your cash instead of other way around . Times Central Banks run out of options to stimulate the economy. Theyre worried about deflation. They are worried people hoard their cash out of fear. That would further weaken the economy . While happening elsewhere in europe and japan, has the u. S. Ever actually done this . Would be pretty shocking if it did. It would stimulate the economy, business was have incentive to borrow and spend. Individuals might be likely to get a mortgage if the bank was paying them to do it f it were to stimulate the economy and stocks went up, presumably if you look at 401 k , accounts would rise. Savers are out of luck. He they are penalized if rates were to happen. Were not there but were close. Neil were close. Think of it, a buck 66, were at zero. Thank you very, very much, jackie. Meantime we want to get the read on this. What this could portend. In other words, if Something Like that came here what would be ramifications . Fellows who are very smart following this, we know something about cycles in the economy, markets, et cetera, im talking about greg valliere, jared levy. It seems crazy, but on negative Interest Rates, are the reality for some of the largest European Industrial powers . Monetary policy and on steroids. Were spending like no tomorrow. The consumer in good shape. Labor market is red hot. 2 growth, no prize, but it is an easy bar to clear. Neil jared, one thing comes up, not good if youre a saver, if you want to leverage some things, like a lot of businesses do, potential homeowners do, refinancing debt they have, it could be a weird advantage, right . Yeah. You can easily think about the devastating effects if youre, if youre a little more old school or baby boomer used to putting your money into a cd. You think about it, right. Neil do you have a problem with baby boomers, young man . I have a zero problem with baby boomers by the way. If you were the guy neil im kidding. Im kidding. [laughter] think if youre the guy who is paying tens of thousands of dollars a year in mortgage interest, right . You go ahead as a family, refinance that. All of sudden that several tens of thousands of dollars goes to near zero. Now you have got money to throw at an investment. As weve seen happen, happening across the world, pensions, everything. Theyre not putting stuff into treasurys. Theyre required to right now. That is were the hiccup is. Were investing, putting into stocks, buying real estate. Which by the way i think in my mind will fill a big gap, continue to fill a gap in peoples portfolios as real estate investment, multifamily housing, things of that nature. Neil jared is too young to remember this, if you think about it, were now reassigning to as sign inflation, not ward it off. That is weird. I do talks to groups, inflation is a problem. Theyre assuming it is too high but as we all know it is too low. Lets make a cynical comment. I tend to be cynical freakily. If there is will to come, well spend more money on a wall, spend more money on infrastructure. Mark my words, neil, if we need it, trump will Start Talking about another tax cut next year. Neil interesting you should say that. One flip side of potentially negative Interest Rates, we can carry our debt. It is not a green light for piling on more debt but does alleviate the near term pressure, right . Absolutely. Go ahead. No, i was saying it is a bandaid though. You got, if you start thinking deeper into this, right, you cant, that enables consumers continue to borrow, right, nurses them along, but the other product i mentioned, housing alltime highs right now. Were talking deflation, deflation. The average person is really struggling right now just to meet their basic living necessity, right . Could be granted offset by mortgages. A lot of properties are owned by big banks, big hedge funds. I dont think rent rates will come down. If there is any inflation it is there. And i dont know how we solve that part of the problem. Neil the markets and volatility, greg valliere, could be a blessing, and curse to donald trump, as could low if not negative Interest Rates, how does it play up politically . The curse could be if beijing tries to crush the inner recollection in hong kong. That would be a really bad story. The blessing i could say, i think were close, getting ratification of the new nafta with mexico and canada. Canada is huge trading power with ours, with us. If we get the trade deal done that will alleviate the negative impact from the china trade war. Neil thank you, fellow baby boomer. Jared, great insight. Well see what happens. Were down 273 points. Its a weird world which we live. Where rates are getting so low, where about you are in debt, your ship has come in. If youre trying to save, youre in deep, ship. More after this. Or the latest. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Neil it is not just going after illegals. Now technically, legal immigrants. Here with green cards. Fox businesss Edward Lawrence on the administrations push, to establish order and discipline to this. Critics are say anything but. What is the latest . Reporter clarifying rules that Congress Already outlined the way this is being presented. The head of the u. S. Citizenship Immigration Services announced if anyone who is applying to become a u. S. Citizen has used Public Housing or medicaid or public assistance like food stamps in any way, that is a black mark against their bid to become a u. S. Citizen. Talking about people with green cards or trying to get legal status. This is some 400,000 people. The director of the citizenship and Immigration Services Ken Cuccinelli announced the new rule will go into effect in october. He says it will have a financial impact. The benefit to taxpayers is a longterm benefit of seeking to insure that our immigration system is bringing people to join us as american citizens, as legal permanent residents first, who can stand on their own two feet. Who will not be reliant on the welfare system. Reporter the rule exempts pregnant women or children under the age of 21 years old. It exempts certain military members and their families. In the language, it says it will not set up meritbased system. It purities the burden on the person becoming a u. S. System, to prove they did not use public assistance and will not use public assistance in the near future. This wait of public assistance here will be added to the fact that they look at household income, they look at health, as well as education in an application to become a u. S. Citizen. Neil . Neil thank you, my friend. Very, very much. Meantime Elizabeth Warren is proposing taxes to stop begin violence. There is a method to it. But will it work . After this. Neil all right. The media stocks in play, cbs viacom, whether something happens anytime soon anyones guess but one guy who would know is charlie gasparino. What is going on . It is happening. I think it will happen after the closing bell today, maybe tomorrow morning. Sometimes it bleeds into the next day because you got done with it really late today, dot the is, cross the ts. Management structure, bob bakish ceo, guaranteed. Joe ianniello from cbs. He will be reporting to bob bakish. It is not as much they want to keep him at the company because he does a good job, like other unit heads he will be reporting to bakish, even though cbs will be biggest unit. Neil what is the hangup . Normal deal stuff. We think it happens overnight. I have been through, through tmobile, sprint looks like to about to happen a little thing happened here, you have to go through the whole thing again, lawyers look over everything else, barring them finding some slush fund inside of cbs, which causes, like some sort of a huge problem, this thing is getting done either after the bell today, my guess, or, before the opening bell tomorrow. And it will be pretty big. Shari redstone will have achieved what she has been trying for years to achieve. That is merging two companies together. Putting the, remember, what happened was, they were together for years, when sumner had, when Sumner Redstone was putting together the media empire. He broke them apart in 2006, because different media landscape. They were both Bigger Companies at the time. Neil yeah. They were both Major Players with, major market caps in media business. So you can sort of, you can extract some capital to make both grow, you know, in that environment. Since then, as we know, media has become consolidated. Costs have changed. You need to achieve economies of scale. Put ideas put them together. Resisted by cbs who thought viacom was second rate outfit. Les moonves resisted. This we were first to report in march, was clear les was not getting contract extended. Fox Business Beat the wall street journal easily on every major aspect of the story, this thing was happening. Bob bakish would be the ceo. Shari redstone would be, she would get some role in this, will be interesting, vicechair woman. Bakish gets the ceo role because he is very close with shari, everything you say about viacom as a product he has done a very good job since taking over. Neil that helps. Taking over for dauman in 2016. People have been reporting to him. Well see after the bell, early tomorrow, barring something weird, you know, this thing is coming down the pike. Neil yeah. The other thing neil Jeffrey Epstein stuff. I will write a full piece on this on foxbusiness. Com. I had several conversations with Jeffrey Epstein in march. The reason why i did, the stories were starting to heat up, there was an aspect to the story i knew about. His involvement with a hedge fund at bear stearns that blew up. And there was a lot of talk that he was, the reason why he got a lenient sentencing for the child sex stuff because he was a key witness in that case. I went back and i knew a lot of people involved in that case. Two guys that were charged, ralph giaffi, fund manager, and matthew tinen was acquitted. I knew epstein wasnt. I talked to epsteins lawyers. Neil this is long before the arrest. This is march,april. And in the course of my reporting, i talked to epstein. Now the conversation was on background. Im using it now for two reasons, telling you about this, he is dead obviously. There is a Public Service here in this sense that to hear how he rationalized the situation in his own words i think gives us an insight into him. As mystery of him grows, i think that is going to help trying to figure out what happened. Now i didnt have extensive conversations. Every time i got hill on the phone, i felt he wanted to get off the phone but i did have him explain what he, what he viewed he did. I had him explain what he does for a living. I had him explain neil how did he become a billionaire . You know, that is a whole other story but two things, and ill tell you, he is not quite a billionaire but he still famously rich, enormously rich. It was interesting how he blamed most of his problems, the new legal problems on the plaintiff bar. He said they were the one, they are the ones bringing this back to life. In march, if you remember, that is when the stuff started reaching a fever pitch. Acosta was coming, labor secretary acosta who provided over the first kate, cut sweetheart deal alleged with him, he was under pressure. This was good time to talk to him. He basically said this was the plaintiffs bar going wild. I asked him, jeffrey, how do i describe what you did . You know said, basically, charlie, you know, i received erotic massages. And he said im not a pedophile. And then i said neil would he ever acknowledge these were underage girls . Presumably you didnt they were under age, right . I said it like that. He said yeah. He said, charlie, this is interesting, shows you the way he can rationalize stuff, not that much difficult than what happened with bob kraft except they came to my house, bob kraft, the patriots owner, who just so you know was not involved in underage women. He was charged with soliciting prostitution at a massage parlor essentially. Neil no under age women. There was no under age women with bob kraft. He said there is not that much different from bob kraft. Neil he minimized it to me. What bob kraft did i dont find that outrage just, but what jeffrey did was outrage just. How he rationalized it, this guy is not dealing with a full deck. We had other conversations. It will be in the piece on foxbusiness. Com. Neil so much, that fear goes to the grave. We might get some more. Neil charlie gasparino, thank you very much. The dow down 271 points. Well focusing on that a lot more, why it is down so much after this. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. Corey is living with metastatic Breast Cancer, which is Breast Cancer that has spread to other parts of her body. Shes also taking ibrance with an aromatase inhibitor, which is for postmenopausal women or for men with hr her2 metastatic Breast Cancer as the first hormonal based therapy. Ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. Patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. Before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. Common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. Corey calls it her new normal because a lot has changed, but a lot hasnt. Ask your doctor about ibrance. The 1 prescribed fdaapproved oral Combination Treatment for hr her2 mbc. Can the past help you write the future . Oral Combination Treatment can you feel calm in the eye of a storm . Can you do more with less . Can you raise the bar while reducing your footprint . For our 100 years weve been answering the questions of today to meet the energy needs of tomorrow. Southern company neil you know the hong kong airport is still largely shut down. This is the eighth Busiest Airport on the planet. It handles more than 72 million passengers a year and they have urged a lot of customers, you dont have to fly, dont. This is usually a bad signal here. Nonessential travel. Meanwhile, fears of a trade war that could spark a recession. What that could mean for the president s reelection effort. And could be that joe bidens frontrunner status is at risk. Neil all right. The trade talks were looking dicey already, then we have the ongoing and apparently worsening and getting ever hotter hong kong protests. After their tenth straight weekend, this one involving one of the worlds Busiest Airports, all but shutting them down. In fact, formally shut down, with tens of thousands able to storm the airport and just hit every gate, hit every main terminal, every main luggage area and thats it. One of the worlds busiest economies ground to a halt. Cfra chief investment strategist sam stovall is here, and connell mcshane. Connell, you were in that neck of the woods a few weeks ago. Would you have predicted then that this would get to where it is now . No. I dont think so. Especially after the extradition bill was tabled at the time. Even because we were there at the very beginning of the protest. That in and of itself was a surprise to many people. Lot of people thought the government in hong kong and you know, the government in china would push that extradition bill through. It would pass neil are they still fighting over that . No, its morphed into far more than that. Its carried on a lot longer than people thought. I thought they moved to the airport, from the protesters point of view, made a lot of strategic sense, i guess, for lack of a better term, because when the protests were taking place downtown in hong kong, they were somewhat isolated in that if you were going around to other parts of the city or on the other side of the harbor, you wouldnt have that much trouble getting around. If you wanted to go about your business and not really Pay Attention to the protest, you probably could do that depending on where it was taking place. Whereas at the airport, everybody, its a very busy airport, everybody coming in and out now sees it and now the ball i guess is in chinas court to see how they respond and if they the indication is that they might get even more aggressive. Of course, thats the risk everybody is looking at. Neil you know, first time i heard President Trump talking about hong kong or at least saying, you know, essentially cooler heads will prevail, both sides will work all of this out, but its very clear the chinese view of this is that america is instigating this. I guess im asking the political fallout, not only for the administration but on these trade talks. If they are blaming us for this, then theyre not quick to come to the table to solve anything else, right . Thats true. But whats going on in hong kong is kind of true to the character of our country, right . I think one of the most powerful images that came out of that airport were the group that was singing les miserables, can you hear the people sing. That sent goosebumps up my spine to hear that. I think a lot of americans can resonate with those feelings, with the impulse to be free and to be heard, and so i think that in terms of the trade talks, the president has done i think a good job with selling, you know, not just the country as a whole but particular states in the electorate that taking on china is a noble goal, its something that has not been tried by previous administrations but hes going to be the one to do it, so i think the president can kind of continue to make that case while supporting the democratic, you know, norms that we espouse in our country abroad. Neil i just worry, if you are hanging your hat on how violent and thuggish the chinese are, at the very least, youre not going to get a trade deal any time soon. No. It doesnt seem like you are going to get a trade deal because the president is really holding out. He wants to make sure he gets as good a trade deal as he can. The chinese are saying gee, maybe we will just hold out for the president ial election in 2020. Neil who needs it more . Well, we import only onequarter of what we export to china. So i would tend to say that china needs us more than we need them. Neil looking at the Market Reaction on the fallout, im beginning to think that maybe, especially with the farm damage, that sure, well, i think it has more to do with what kind of ramifications there could be for a global recession. Bull markets dont die of old age, they die of fright. What they are most afraid of is recession. If you have the two largest economies going at it with each other in terms of currency war, trade war, et cetera, then the feeling is maybe this is the 1930s all over again. Depending how much things escalate, even if china does, and they probably do, all the numbers indicate they do quote, unquote, need it more than we do, doesnt mean they need it or will have to get it before the election in 2020. I just dont know that theres any motivation or incentive on either side, absent whats happening in hong kong right now, to cut some sort of deal before 2020. Neil you could do pretty much anything you want. Of course, the threat to that would be the people rising up and people said that from the beginning, if the economy goes south, the people rise up against xi jinping but it doesnt seem like we are anywhere close to that. Again, in terms of incentives before 2020 to cut a deal, does President Trump really have the incentive to do that . Im not sure that he does politically. Economically, if hes pressed by the markets, he might. But politically, not necessarily because where are the democrats . We talked about this before. Where are the democrats going to attack him from . From the left on trade, to be even tougher than he is. He doesnt want to open himself up to looking soft. China doesnt necessarily have the incentive either. They would probably cut a deal with someone they feel they can cut a better deal with, joe biden or somebody else. Neil one of the other things the president s advanced is cutting a deal very close to the election. You dont waste it now. What do you think . Look, i think that, you know, thats sort of part of the president s gamesmanship here. Hes the negotiator in chief. Neil you really think that . You think theres a strategy there or is it just crazy . I think he wants to extract the most amount that he can under the circumstances. I thought it was really interesting with senator rick scott, who made this proposal we would give tax cuts as relief for the trade wars that are going on. Neil we are paying the tariffs and now they get a tax cut back on the tariffs . Heres what i think happens politically. The president has made the case over the year, hes fundamentally reshaped the way the country is starting to think about free trade. Hes kind of put out there into the universe that free trade only works if everybody plays by the rules and there are people who dont play by the rules and you know, are we neil hes right about that. But we are paying for that. Sure. But in the short term, when you have, you know, farmers in key states and you have, you know, constituents in key states in the electricorate who have believed in this, if they were to get some relief on this, i think they could see it as the president fighting for them, standing in their corner against big bad china. Neil whats going on there is a good backdrop for him to say i told you they were bullies. Remember, joe biden is soft on china. Thats a great juxtaposition. Neil what do you mean . Meaning neil thats your opinion. Hes someone who has stated that neil im soft on china . He goes to the wto. You can criticize him no, he doesnt consider china to be the geopolitical threat. Neil you are calling him sleepy joe. I think that will be a great foil. Really, what hes trying to do with china is to push the fed. Trying to get the fed to go much further than they did neil how much further can they combo go . Technically they can go to zero. They can pump up the tire until it explodes. Neil all these lower rates across the globe, thats not exactly spurring activity. It certainly hasnt, but i think his hope is that it will here in the u. S. My worry is to use the analogy that hes drilling a hole in the bottom of the boat to let the rain water out and whats going to happen later on. Go back to hong kong, go back to hong kong for one second. You know, it could come into play in all this, because one of the things, one of the things the president , they have not done well in terms of building a coalition, if you will, against china when it comes to trade, is that he hasnt built that coalition. Thats what tpp was supposed to be and instead, what we have really done, some of this has been undone but in the meantime, you know, threatening or imposing tariffs on many of our allies when you could have argued if you were going to line everybody up against china, you would have had some sort of coalition of all of us versus them. In hong kong, if the Peoples Liberation army as some have speculated ends up in the streets of hong kong, i heard you bring up Tiananmen Square earlier and we have an incident like that or a scene on Television Like that, that could do a lot neil what if the chinese soldiers are there now . These arent hong kong soldiers. Right. Theres a lot of reporting but if its out in the open, tanks are in the streets, whatever it ends up being, thats something that could galvanize in terms of trade the whole world against china in a way we havent been able to do effectively. That could have an impact on the trade negotiations. Neil i think china is thinking they get away like they did in 1989. I know it was a different environment. It is a different environment. Its a different environment because we dont have social media, we dont have the power of these new media, you know, channeling this message to a broader audience. I think that the optics here that can be seen in an instant neil you think china cares about optics . They care about it. I think enough of the people in the Global Community care about it to the point where more neil cared about it 30 years ago. Dont people look at china differently, in terms of the way economically . Back then, the thinking was we have to do everything we can to get along, they are a power thats rising. If we treat them like theyre part of the Global Community, to your earlier point, bring them into the wto, all the rest, they will be more like us. So many people that thought that way then have changed their way. Maybe the reaction this time would be different. I dont know. Neil we will take a quick break here. We are getting more details at exactly what allowed Jeffrey Epstein to take his life in a jail cell. But more to the point, what happens now in his case that has so many boldfaced names attached to it. After this. We all feel, we all love, we all cry. Its part of being human. Sonoma county declared a homeless emergency in 2018. You have to know the individuals youre serving to understand their needs. Working with ibm watson we can bring together data spread across dozens of departments. That gives us a fuller view of the people we serve. Dear tech, dear tech, we need to look after everyone in our community. And we want to help our fellow human beings. Hey, who are you . Oh, hey jeff, im a car thief. What . im here to steal your car because, well, thats my job. What . What . . What . laughing what . . What . what . [crash] what . haha, it happens. And if youve got cutrate car insurance, paying for this could feel like getting robbed twice. So get allstate. And be better protected from mayhem. Like me. Get to the bottom of what happened and there will be accountability, but let me assure you that this case will continue on against anyone who was complicit with epstein. Any coconspirators should not rest easy. The victims deserve justice and they will get it. Neil all right. But we all know right now that Jeffrey Epstein is dead, took his own life. How that is even possible in the metropolitan jail where the same issue came up little more than a few weeks ago is unfathomable but now you have the attorney general of the United States looking into the matter, promising that justice longer term will be served. Former federal prosecutor fred tici with us now. Our panel is back as well. Fred, what does the attorney general mean by that . Obviously he wants to get to the bottom of how its possible this guy took his life, but he also wants to make sure that the victims are heard and their stories are told and accomplices and those involved meet justice. How likely is any of that . Well, i think its all very likely, neil. With respect to what happened, there will be an investigation, there will be a determination. I suspect that what they are going to find out is that this is like a lot of airplane accidents or things like that, it was a series of mistakes that ultimately led to this guy being able to take his own life, putting aside the conspiracy theories that are running rampant on the internet. Neil what is the procedure on that . He would have been on a death watch or suicide watch for a couple of weeks, then, and then it was dropped . Do we know from what i understand, he was on a suicide watch. He was not in general population. He was in what they call restricted housing unit which inmates call the hole, and he had been put back in the restricted housing unit because apparently they had come to the conclusion he was no longer suicidal, he was being seen by an interventional psychologist, he was being watched. I mean, discretion is the better part of valor so i dont understand why, given how high of a profile this guy is, he wasnt being watched more carefully. Except when i hear stories about how they are understaffed, overpopulated, so like i said, its a bunch of Different Things that ultimately could have led to his being able to take his own life or whatever. Neil you can understand how conspiracy theories start. Of course, but the guy has, you know, to your point, whether he comes off suicide watch, he was supposedly off it for 11 days, i think, which seems odd to me but im not an expert in all of this. But the biggest mistake it seems from what i was reading earlier, he had another guy in the cell with him and that guy was transferred out. Two guys in the cell, and there is supposed to be, thats like by rule. One gets transferred out so does someone have to be put in immediately, is there a rule where its 24 hours or Something Like that . Neil no one in the cell. No one in the cell. There was supposed to be by rule, from what i read. I dont know what fred knows about it. Neil fred, do you know . Having dealt with the bureau of prisons for years and having people in the Witness Protection Program who were in prison, i can tell you theres a lot of rules but the first rule is keeping people safe. So to the extent he was in restricted housing unit, usually in rhu, the hole, its one person in the room because you are in there because you are worried about the guys safety. So the answer to your question is you dont just the bop would not just take someone out of general population and throw him in with epstein just so the guy would have a roomie. Right. But i thought the whole point was if he did try to harm himself there would be someone there that would see it. Well, right. There would be but thats the whole point. The guards are supposed to be watching him every 30 minutes. Actually, to rely on the inmates to make sure somebody doesnt kill himself, talk about letting the inmates run the asylum. Neil we can argue back to it shouldnt have happened, you can say the same about jack ruby, should not have had access to kill oswald in 1963, i get that. But its weird. It is weird. I could make some comment about how hes the first guy to unite democrats and republicans in awhile. Neil youre right about that. I was noticing on saturday when we were talking, republicans and democrats were joined. Also, the question being what happened the last time. Did he attempt to take his life or was he a victim of internal abuse and therefore, thats possibly why they took off the suicide watch, because they were still trying to decide whether what had happened to him earlier. Neil alex, the president cited the clintons in this, said they were responsible for it. Look, i think this case im not going there. There are so many sensational elements, it has all the makings of a conspiracy. I think the bigger argument i would have made is whether this was whether this was a conspiracy or whether this was government incompetence, it doesnt matter. Neil the guys dead. Certainly in terms of the investigation, it matters. But my point being is that when we put government in charge of things, whether this man was allowed through his status to obtain special treatment and allow himself to kill himself, or it was negligence on behalf of the government, we are talking right now about a group of democratic president ial contenders who want to shift more of the responsibility to government in key and fundamental parts of our life, and i think that bears, you know, it bears consideration that they want to have government control these different parts of our lives and they couldnt keep the most, you know, the most notorious prisoner in the system alive. Neil thats a bit of a stretch. I dont think so. They want to shift a third of the nations economy to government control. The other issue is not really a controversial question about whether the president shouldnt have said it. He shouldnt have said it. Thats a yes or no, like, hes president of the United States. Its an unfounded Conspiracy Theory with literally no proof behind it. Of course he shouldnt have said it but he did. Thats what he does. Neil final thoughts . Fred . [ speaking simultaneously ] you are arguing that it might take a little longer, right . Well, it can move forward in two ways, civilly and criminally. Civilly, what you will see now is this guy had a big estate, how big it was, all the sharks will come in the water. Is it a humpback whale or dolphin when they start the feeding frenzy, finding assets for these victims. Thats how we compensate victims in this country. The criminal case has got a lot of problems, particularly with respect to whether or not if they dont convict him, whether they can forfeit his assets. Thats a whole other issue. Neil a twopronged attack here. All right, fred, keep at it. A lot more coming up, including elon musk throwing his support behind a 2020 candidate that might surprise you, after this. Patients that i see that complain about dry mouth, they feel like they have to drink a lot of water. Medications seem to be the number one cause for dry mouth. Dry mouth can cause increased cavities, bad breath, oral irritation. I like to recommend biotene. Biotene has a full array of products that replenishes the moisture in your mouth. Biotene definitely works. It makes patients so much happier. Neil this is the best news andrew yang has ever heard. The guy is running for president of the United States, just got the backing of elon musk as an ideal president ial candidate. You know, that came out of the blue. I dont know whether it moves the needle but what do you think . Yeah, its certainly interesting to hear elon musk come out so early already and say he supports andrew yang, who according to the polls, hasnt been necessarily one of the top contenders so far. But whats really interesting about andrew yang is something that axios has reported on a lot, he really does have a following and the people who do follow him, follow him passionately. He certainly has a basis of people which now includes elon musk who really sports some of his more progressive ideas and willingness to change his mind and find solutions to problems. Neil you know, i think he was the first out the gate with this give every american 500 or 1,000, then others quickly followed. It just seems as if its playing leapfrog in terms of the democratic contenders that if one makes a suggestion that isnt at least pushed back at them, they tend to embrace that as well, because they want to differentiate themselves on other things but not create a wedge to be compared versus the other candidates. This whole universal basic income thing kind of scoffed at and throwing out by a lot of people when it comes out but not in a community that looks at artificial intelligence. Thats what elon musk kind of lives in that world. So when people think about that and talk about it and say the robots are coming to take over and they are, to some extent, but that have the most aggressive predictions out there about how many jobs are really at risk, those are the people that have actually had those conversations already about hey, listen, what else can we do but we have to give people a stipend or money. In the general population where people havent really thought about it yet, its like thats stupid, it will never work. In that community, thats why it kind of makes sense. I dont know if it martters but it makes sense why elon musk has his endorsement. Neil wasnt his premise and others who espouse this, it lessens the likelihood you will need indirect help from the government, if it goes directly to you, you use it as you wish, it lessens the load on uncle sam . Exactly. Thats the idea behind it. It really is, it becomes more relevant as we go into this age of automation and as a. I. Becomes more part of your daytoday life. As jobs we would typically see as jobs for middle Income America start disappearing and as automation takes over those jobs, the idea is that Everyone Needs to have some kind of universal basic income and as you said, by putting a program in place like andrew yang has suggested, that may actually help the government not have to help americans out who arent able to have jobs or who are in poverty and again, these are the ideas that are coming out now as we move into this new era of automation and technology. Neil you would buy it, right . Look, stylistically this is not a surprise to me. Its not a surprise to me that elon musk chose the one guy on the stage who cant wear a tie and is from silicon valley. But importantly, even though i might not agree with him neil gasparino is like that here. Got to wear a tie. Got to wear a tie. Neil we will take a quick break. In the meantime, this trade spat that now has some worried about forget low Interest Rates, what about a recession, what about a pretty bad one. After this. Managingaudreys on it. S . Eating right . On it staying active . On it. Audrey thinks shes doing all she can to manage her type 2 diabetes and Heart Disease but is her treatment doing enough to lower her heart risk . [sfx crash of Football Players colliding offcamera. ] maybe not. Jardiance is the number 1 prescribed pill in its class. Jardiance can reduce the risk of cardiovascular death for adults who also have known Heart Disease. That means jardiance can help save your life from a heart attack or stroke. Plus, jardiance lowers a1c and it could help you lose some weight. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. 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The ones that are really down are the ones with ample exposure to china and that neck of the woods. The former Republican House majority leader, eric cantor, with us now. Eric, always good to see you. Great to be here. Neil all of a sudden, markets are worried about a trade deal that might never materialize. Are you . Listen, i think for some time now, you know, people that i speak to that are running these Multinational Companies have been very jittery about where this trade situations going to go. I think you have this sort of juxtaposition where on the one hand, from a political issue, it is a winner. I think you see both democrats and republicans in washington seeing how they can get even more to the extreme on this issue, and then the Business Community again that i spend my time with now, they are the ones saying hey, wait a minute, washington, these things have consequences. I do think you are beginning to see after now, you know, talks have not produced anything, people are realizing hey, there may be a big downside to this. Neil the president likes to say billions of tariffs are coming in. The truth of the matter is we as consumers pay them, americans, distributors, will absorb what they can but theres a limit to that. What do you think of that whole argument . See, i think number one, i think you go back to fundamentally is the trade deficit the thing we ought to be focused on because we all know theres another side to the ledger here. Theres foreign direct investment, theres capital inflows that allow us to, as an economy, to go and purchase the things that we do abroad. But i think you also have to look at if the argument is that somehow with the lower value in the yuan that tariffs really make no difference, that the American Consumer will pay the same, i think that does also then bring you back to the point of contract that the retailers here have with the chinese manufacturers. So it may not be that they are necessarily benefiting from a lower yuan value and then i think what we are going to see is come september 1, when these tariffs go into effect, then all the Christmas Season merchandise starts hitting the shelves in the fall, thats when i think we may begin to see the effects on the consumer. Neil the latest consumer goods that are cited, those are the ones that would be more immediate. But the president s argument is china is going to rue the day they challenge us on this. Some trying to make lemonade out of the financial lemons of this, senator rick scott among those, why not take some of that tariff dough, give tax cuts to the American People. What do you think . You can sit here and think we are going to go in and necessarily have a win win on all sides because yes, bilaterally with china, if all things were equal elsewhere, you could see where if the yuan went down in value, we dont really disproportionately export that much to china, we import more, it could benefit us. But remember, theres a world going on around us, so as the dollar gets stronger, we become less competitive in terms of our exports and we know, this is why the president is all tweeting about a strong dollar being detrimental to our export industry, that could ultimately cau cost us Economic Growth and jobs as well. Its not like you can look at one instance, you know, bilateral situation with china, without taking into consideration the Ripple Effect on our economy. Neil this is more political, congressman, but interested to hear your thoughts on the latest rift between Anthony Scaramucci and the president , on the heels, little more than a few weeks after paul ryan made the mistake of criticizing the president in a book to come out. Is the president losing some friends he needs, or are these friends he doesnt need . Listen, i dont think the president has had any diminution in support in the base that is out there that helped elect him. I dont see that at all. In the Business Community, frankly, if thats what anthonys talking about, the Business Leaders that i spoke to are very happy with the consequences and the results of the trump policy. Neil all this other stuff is noise . They are worried about the trade stuff, right . They are worried about the trade stuff for sure but in terms of the tax policy, the regulatory policy of this administration, it has been huge turnaround from the prior years under the obama regulation where you really did have an adversary in washington. I think as you look towards the 2020 election, though, i think most people understand that the key is going to be the professional suburban vote that turned out against my party, against the republicans, in 2018. Neil talking about conservatives and moderates alike. Thats what we have to focus on to make sure we prevail in 2020. Neil is the president lucky, it seems all the potential challengers are just being dismissed. Listen, the democratic field right now is so far afield in terms of where the mainstream independent voters head is, they are sitting here going so far left from an economic standpoint and theyre not addressing where i think the American People resist the democrats mostly which is on cultural issues. The Democratic Party is not going to be successful and it will then inure to the republicans if they continue to be out there so far left economically and socially. They just cant do that. Neil but on racial issues and this other stuff, and what the president said on the trade thing and everything else, he is kind of putting republicans up against the wall, too. Hes popular with them, more popular than any recent republican president , but are you worried about the longer term message for republicans and what your party stands for . Listen, i have always believed that in politics, its about addition and our party, my party, has to do a lot better in terms of seeking diverse support among women voters, especially, and among minority voters, and so i remain concerned when you look at the numbers in the house of representatives and the small amount of women representation in our ranks. Thats why i do as much as i can to try and help and make sure that we have a much broader message to appeal to that independent voter which is the key, because the president s done a great job in locking down the base. Theyre not going anywhere. We got to make sure that when the election time comes, theres a real choice about the direction of the country and i think right now, it will be a choice election, it will very much be about, you know, successful economy, capitalism neil will it be about the markets . If they suddenly go into that will add a complicating wrinkle, for sure, but so far neil they have been going his way for the most part. For the most part. For the most part. Neil you think that matters to the average american . I think absolutely that pocketbook issues have always mattered ever since i have been in politics. Neil he, by citing the Federal Reserve for hiking Interest Rates, does that get that message out of his hands he can say its their fault . Im not so sure. I dont think its a clearcut issue. I think that if the markets, if the economy, equities markets are one thing. Theres this wealth factor effect. But it is about wages and we look to see where wages are right now, they are continuing to go up. Even in the minority communities, they are continuing to go up. I think neil more so than in white communities. Thats been the president s, i think, to his benefit, able to go out there and begin to form these coalitions in the minority communities and the women electorate to say hey, listen, my politics are really benefiting you, so all this noise out there that you are hearing in the press, ignore that. Lets focus on the issues. Its easier said than done. But i think that is the root of the argument when it comes time to voters making a choice. Neil my producer is probably screaming at me right now, but the business guys you talk to, theres concern about negative Interest Rates, its happening abroad and all, do we have to worry about that . Is that something for which we have had no preparation . We talk about low Interest Rates. What if they go the other way . I just think again, in my conversations with leaders in the boardroom of americas Large Companies as well as with investors, who are out there in the markets looking to deploy capital, the ability to access money right now is really strong. And its just unfathomable to me that in the u. S. , we actually are going to head in this direction but it seems like people are beginning to actually raise the point where you know what, we may be following europe given now the Global Nature of the economy. So this all sort of goes into this mix i think of your original point about the trade issue. The more we create tension on the trade front, the more the Federal Reserve is going to be noting that and going to try and bolster the u. S. Economy so we can maintain our neil scary if it doesnt work, right . That is for sure. We are in uncharted territory. Im not sure we ever had a situation with negative Interest Rates in our country but it would be a new one and a difficult environment to see growth continue. Neil we will watch it very closely. Always good seeing you, eric cantor. Former House Majority leader. So much more. We have a lot more coming up including a mississippi plant thats holding a jobs fair after an i. C. E. Raid. They are getting a lot of interested takers. After this. Did you know that americans that bought gold in 2005 quadrupled their money by 2012 . And even now many experts predict the next gold rush is just beginning. So dont wait another day. Physical coins are easy to buy and sell and one of the best ways to protect your life savings from the next financial meltdown. [narrator] today, the u. S. Money reserve announces the Immediate Release of u. S. Governmentissued solid gold coins for the incredible price on your screen. 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Gold is now on sale at prices unseen in years and this year could be one of the greatest goldbuying opportunities of all time call now while vault inventory remains. As one of the largest u. S. Gold coin distributors in the country, the u. S. Money reserve has proudly served hundreds of thousands of clients worldwide. Dont wait another minute, call now to purchase your American Eagle coins at cost for the amazing price on your screen. Neil were at session lows. John bolton saying we were expecting a chinese delegation in september, presumably on these trade talks, but the chinese havent said yes or no. I thought that was a foregone conclusion that they were coming here for talks. Maybe not. It seemed they had a little selling pressure here. We will watch it. A jobs fair is being held today after i. C. E. Raids in mississippi were leaving a lot of the plants understaffed. Rick leventhal has more. Hey, rick. Reporter hey, neil. A steady stream of people showing up at the building behind me. We are told 150 applicants in the first three hours of this job fair with about 30 minutes left to go. They have not said how many people they are looking to hire but the folks we spoke with said they are definitely ready to go to work. Koch just one of several chicken Processing Companies to get raided by i. C. E. Agents last week with 680 workers detained for possible immigration violations and of course, theres been a lot of criticism of the raids, much of it focused on the separation of children from parents who work at these chicken plants. I. C. E. Released a very strongly worded statement yesterday to try and clear up what it said were rumors and false information, saying every child who had two parents arrested last week had at least one parent released within 24 hours due to humanitarian reasons. We also expedited the processing of adults who identified they had a child in need of care. More than 300 were released by dawn the next day and i. C. E. Says we are the only Law Enforcement agency that does such things to persons arrested by a federal Law Enforcement agency. The reality is adults with children are arrested across america every day but you dont hear about it unless it involves i. C. E. Agents. Some of those released have ankle monitors and court dates. The rest are being detained in three separate facilities waiting on bond hearings and deportation proceedings, as koch and the other companies are looking to fill those slots that were lost when those illegal workers were detained. Neil . Neil thank you very, very much. Toyota is expanding, having nothing to do with this particular issue. For those in that locale, it could be the best news yet. Grady trimble is live in princeton, indiana with the details. Reporter a lot of jobs to fill here. We are right in the thick of it. This is where the cars are made. Right now they are attaching the seat belts on to this one. They crank out a car here once every 56 seconds. Its a quick process as it moves through the assembly line. Its 70 football fields, the size of this facility. I want to bring in one of the people who moved here to start a new job. Why did you decide to kind of pick up your life and come to this area . I worked for a toyota supplier before i came here and i was exposed to toyotas business practices. I knew this was a place i would be challenged professionally and have a great career growth. Reporter toyota is going to need a lot more people like bethney because they have a lot of jobs to fill at this plant in particular. 400. So thats what they are pushing for, trying to fill those jobs. The president has said we want cars built in the United States and so thats what they are doing here. Neil grady, thank you very, very much. Good report. Thats not helping the dow right now. We are down about 318 points. A lot of it now on concerns that that planned september meeting with chinese negotiators and u. S. Negotiators, it might not be a done deal. In fact, the chinese might not be coming at all. After this. Theres a company thats talked to even more real people than me jd power. 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Im not wishing for a recession but if the farmers want to keep touching you should wish for a recession because that will definitely get him unelected. You dont really want a recession. I really do. We have survived many recessions. We cant survive another donald trump term. You will knock lower and middle income people out of work. Neil they clapped at that. Clapping for a recession. Whatever your political views, i dont know if thats something you would necessarily wish for. Having said that, back with the panel. What do you think of that . Its so funny to me how little selfawareness hollywood has. They are getting more and more extreme. Neil he verbalized what a lot of people on the left think. What does that say to the guy who, you know, who is working a job whose wages increased, who got more back from the tax cuts . I mean, its just not, you know, in sync with the reality for most americans out there. I think that when they make statements like that, they further isolate themselves into these bubbles that most americans think they live in anyway. Neil what do you think . I think hes actually in a fairly protected industry because i was thinking, gee, if you have a recession, a lot of the viewers wont be able to afford their cable bills, et cetera. But health care, consumer staples, food, beverage, tobacco, tend to do well and you have got to be doing something while you eat, smoke and drink and thats watching tv. Neil there is that. Then you play the economy which is always in an election and you could make the argument right now things are solid, things are going well, democrats best hope is for some of that to turn south. Thats why, i think your first point was the right one, hes verbalizing what a lot of political people, not just hollywood people, think but are afraid to actually say it because obviously, nobody should be on neil the last thing you want another party to have is an economic juggernaut. Look at the numbers, the one issue that the president has not been under water on has been the economy. So its like what eric cantor was talking about a few minutes ago. A lot of people, wall street people, other people, look at the president s policies, i agree with his policies. What wasnt said there, a lot of people may not like the president personally so the economy goes south, he is in trouble. Everybody knows that. But thats an interesting way of saying it. He just said Something Like that so we end up talking about it later on. Its free advertising. Neil are yyou are absolutely r. Crazy like a fox. Elizabeth warren is talking about putting higher taxes on guns and bullets. As part of a comprehensive gun control program. What do you think . Well, look, i think in the wake of these mass shootings, not just the three that occurred in the last two weeks, but the many that have occurred before then, i think theres a lot of republicans moving towards this idea that there are things that can be done as long as they are practical and they are constitutional and i think what the problem is for me with what a lot of liberals propose is they are neither of those things and they also wouldnt work to prevent the tragedies that we have seen. So i dont know how taxing, you know, you know, what lawabiding gun owners use for perfectly legal purposes out there is necessarily going to be a deterrent. I think if you are a madman, a psychopath, you are going to find a way to enact your horrible neil she might be basing it on when we started hiking taxes on cigarettes. It did cut down cigarette consumption. I dont know if thats the case. I dont know how far she wants to go. Yeah. I think we want to be able to remove this kind of stigma within our community and whatever ideas we can come up with that can help to do so, i think that would be good. But being able to say look, i see warning signs, lets report those warning signs, thats something thats important as well. Different argument than saying i want to get rid of, you know, assault or institute an assault weapons ban which you can debate and we did for the ten years neil that was signed into law, had a tenyear time frame, real violent incidents picked up afterwards. Afterwards, right. Theres more debate about that. This case is a little bit different neil thats not black and white. No. The cigarette example, i dont know if it really works, because if someone is smoking a cigarette, wasnt necessarily a criminal, whereas someone who is obviously going to use guns in this way is a criminal. Neil i cant believe sam made me use that example. Real quickly, the market is, you know, in and out of session lows. Sam, you follow this all the time here. Apparently the latest wrinkle or provocation might have been talk that there are no talks scheduled. Chinese might not come at all. It all has to do with uncertainty. Where does it go from here. What kind of effect will it have. At the beginning of 2019, expectations were that earnings would be up about 5 . Now the expectation is that they will be up by less than 1. 5 . So the real worry is where is the growth going to be coming from. You really cant have prices move higher unless you have justification for that. Right now, earnings are not justifying it. Neil proof that trade is dominating everything. Yeah. I think we can all kind of not assume, but think that maybe a deals not necessarily around the corner. It may not happen before the 2020 election but where the real uncertainty comes, i think, is what are the actions each side is going to take between now and then. How many more tariffs are put in place, is it kind of a truce or a ceasefire until then or do things get racheted up between now and then which would affect, you know, your point, earnings. Neil all right. See you at 4 00 p. M. Eastern time. Thank you very, very much for coming, alex. Sam, best to your dad and wonderful family. Thank you. Neil we are down 300 points here. We will digest this and think what can happen in the next two hours after this. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. Can the past help you write the future . Can you feel calm in the eye of a storm . Can you do more with less . Can you raise the bar while reducing your footprint . For our 100 years weve been answering the questions of today to meet the energy needs of tomorrow. Neil well its very clear tumbling Interest Rates are not helping banks. Just the on system bank of america, Goldman Sachs off more than 2 . Jpmorgan very close to that the exposure to china probably doesnt help matters. The two together clearly not helping matters. Here to sort it all out, my buddy, Charles Payne. Charles neil, thank you very much. Good afternoon, im Charles Payne this is making money. Stocks at the low of the session, sinking on u. S. China trade fears. We have new warnings of potential recession, sooner before the potential tariffs going into effect. These warnings have been around for a year. Whether this forces President Trumps plan. Hong kong protests are heating up. Now the city is grounding all flights. Well talk to someone right in the middle of the action where thousands of demonstrators filing to the airport. Theyre condemning the police, how they have been handling these long running protests. Major immigration announcement t