Transcripts For FBC Cavuto Coast To Coast 20160816

Detecting a jihadist, now shes using the term jihadist now a days. To be able to detect if the jihadist are in the United States, but the Obama Administration refuse today consider one element of the vetting. If you say no, youre going to let jihadist come to the United States and assume the responsibility. Thats what mr. Trump is trying to change. Charles according to white house now the screening process includes collecting document and Resettlement Support Center that goes through the application process and you get the security change after that, department of homeland security, the state department and biometric security check, medical check and cultural orientation. Are they missing something in this process where they are not focused enough with respect to allegiance to dangerous terrorist groups . Absolutely. Let me make it very, very clear. What they are missing in this sophisticated process our agencies are fantastic. They receive political orders. They have all the tool ifs they want to apply. Since 2009 the Obama Administration has denied for these agencies to use any reference to jihadi ideology. So you are checking on an individual coming from mosul without even considering that this person is part of this ideology. So you check on the police records, you check his or her psychological situation, has there been crime in their life, everything checks. The one thing is important the jihadi ideology no check. Charles you ask someone if theyre in line with isis, do you want to come to the country and blow up a mall somewhere, they are going to say no. Thats what we are focusing on. You just dont rely on hello, sir, are you a jihadist, of course, not. How about cyber world . Many, many of the jihadist who have infiltrate it had migrants going to europe have been posting on their facebooks in syria or iraq, pictures or interactions with the jihadists and they show up to the officers in germany and they say, no, we are cool people, we have never had any connection, oops, there is evidence. So this is one way. There are multiple ways including ngos, interaction, depending on the age and group. The idea is to make sure that jihadists are not coming into our country. Thats simple. Charles real quick, walid, it seems like a major pivot and im sure one welcome within the camp, within the circle Donald Trumps circle. How is that going to happen also . We have been pushing for this even before mr. Trump becomes a candidate and hes the one that announced it finally. This is one of the most important strategies to counter jihadist. Their spokesman say, we are engaging and you check, its the Muslim Brotherhood or the supporters of the iranian regime. That needs to be a major change of strategy. Once you have the partners, then you can win the war of ideas. Charles i got you, wali phares thank you very much. Thank you. Charles donald trump had concerns about the iraq war since the beginning mentioning an interview he gave with niel. Three months before the invasion i said in an interview with niel cavuto to whom i offer my best wishes for a speedy recovery, that, quote, perhaps we shouldnt be doing it yet and that the economy is a much bigger problem. Charles now, he is the actual interview he was referring to. If you had to break down for the president , how much time you commit to the iraq and how much time you commit to the economy, what would you say . Im starting to think that people are much more focused on the economy. They are getting tired of hearing, we are going in, we are not going in. Whatever happened to the days of douglas macarthur, he would go and attack . Its either do it or dont do it. Neil the leash on this is getting kind of short here, the president has to do something presumably sooner rather than later and stringing this along can ultimately hurt us . He either has to do something or not doing something. Hes under a lot of pressure. I think hes doing a very good job but, of course, if you look at the polls, a lot of people are getting tired. Ting iraqi situation is a problem and i think the economy is a much bigger problem. Charles specialist assistant ron if donald trump is onto something. Ron. Charles, good to see you. I dont think he is. I worked in the white house at the time the deliberations were going on, the president of the United States has to have the ability to chew gum and walk and deal with the economy all at the same time. Its easy for mr. Trump to cherrypick maybe we shouldnt have gone in and focused on the economy. President bush got up and he was with military advisers very early in the morning and very late at night, its something that he took something seriously and yes, he did go to the United Nations, not once but twice, charles, why . Because we we wanted to find a coalition of the willing to fight the terror that was sudan hussein and thats exactly what he did. Charles theres been a lot of speculation and a lot of debate, donald trump seeming to say at the very least that the economy was so much more of an important issue. I get that, you can chew gum and declare war at the same time, its two major events and hes saying that perhaps at the time george bush would have been better off focusing on the economy. Well, i think if you look back at what we did do in the bush administration, not only did we cut taxes in 2001, we also cut them in 2003, the suggestion or implication that the president wasnt fully focused on the economy when he first came into office, charles, i just think is wrong. The president of the United States has to be able to wage war against those who seek to harm us and our allies and the president has to be in a position where they are also able to look at domestic concerns. George bush, if you look at the period of 20022007 was very strong. Charles ron, in retrospect, the bush family, political advisers that worked under him, do you any in retrospect was a mistake, that iraq was a mistake . If you go to the United Nations and you seek security resolutions, seek to not only have authorization of military force but also build coalition to not find weapons of has destruction. That was an intelligence letdown. Dont forget, charles, the same folks of john kerry, Hillary Clinton and joe biden and others voted for the authorization of use of military force, several years ago, 15 years ago it looked like iraq was more of a threat than, of course, it ultimately turned out to be but you cant secondguess yourself. As president bush and president obama knows now you have to act and act divisively. Charles i appreciate it. Investors worrying about what the feds may do. Following a new york fed William Dudley exclusive interview with peter barnes where he said a rate hike could be coming really soon. Peter barnes joining us now. Like to see you in the studio. Because i think the wall street was settling in very comfortably, as a matter of fact, with the notion that nothing would happen until after the election. At least until after the election. Listen, bill dudley has been one of the most cautious voices at the fed whether or not to race Interest Rates. Make sure if it does, that the data supports a rate hike, that the economy is Getting Better and this morning he talked positively about the economy, real income games are sturdy was his word, job gains have been pretty sturdy, he sees the second half Getting Better. What he was doing is warning investors not to get complaisant about the prospects of fed rate hikes this year. Listen. We have to see where the data falls and where we are in terms of broad support for the economy. I think the economy is in good shape. I think consumption is doing quite well. Job gains are pretty sturdy, but in general the economy is going to be better in the second half than it was in the first half. I think the labor market is going to continue to tighten and in that environment we are getting closer to the time where we have to snuck up Interest Rates. The fed does not hike rates going into an election. Ive actually looked at the data going back 30 years, thats not true, but i still charles wasnt that the reelection with bush . They did it twice before during bush, they were cutting but not enough for him. In a couple of instances they were raising. I asked him about that, are the president ial elections done away with your thinking here and this is what he said about that. I dont think the election would weigh on us one way or the other. As i said, if we decide to raise rates is because the economy is doing well and not worried about inflation overshooting in a major way. The fed values independent, it usually says that politics does not influence. Charles great stuff, peter. Stocks, indeed, are pulling back thanks to that interview, peter. Our money guy scott martin on investors should follow suit. Scott, you have multibillionaires that made a lot of money particularly to the downside, they continue to bet big against this market. So far its been tough for zorros. Hes double down on position which has not worked out. The market has rallied in his face up to this point. Sorros comes with a lot of money and therefore he can take pain like hes had in there because the longterm goal, charles of maybe like you and peter were talking about, maybe higher Interest Rate environment, slow economic both situation here and globally pertains to the fact that we could see lower equity even if he has to take some pain. Charles he said it was because of chinese economy. I think the main thing that the audience should know and, scott, help me out, billionaires can be wrong a lot longer than you and i can be long. They have more staying power. The old joke about the markets being irrational than dow stay solvent, the ballaries billionaire who is have the cash to purpose. Hes at a really great history specially with currency, charles. Later in the 90s hitting hard the asian currency crisis. Dont exactly take advise on equity. Charles when he sells all of his stock maybe thatll be the red flag because he does own positions too . He does. As an individual investor when youre looking at the portfolio there can be pullbacks. Longterm and companies that are seeing great cash flow and demand for products are things this you should hold in your portfolio for the longterm. Charles we appreciate it, buddy. Right now the Obama Administration unveiling a second round of admissions and fuel efficiently standards for medium and heavyduty vehicles that requires 24 carbon emission. New investment that helped spur the development of new technology. We will have more on this in just a bit. Hillary clinton in the men time pounding her economic message in pennsylvania but more email questions are popping up. She cant evade them. Thats next you both have a perfect driving record. Until one of you clips a food truck. Then your rates go through the roof. Perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you twentyfour seven. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Charles Hillary Clinton about to make an economic push in pennsylvania but more email problems are mounting for her. Blake berman with the latest. Ake. Blake charles, two top house republican, the department of justice should norfolk tide Hillary Clinton for both perjury and making false statements. Congressman Jason Chaffetz and congressman sent a letter to doj laying out the very case. They point the answers that clinton gave under oath last year during congressional testimony, her benghazi testimony and they point to these four issues, whether she sent or received emails that were marked classified at the time, whether her attorneys reviewed each of the emails within her email system, if there were multiple servers and if clinton handed over all of her workrelated emails. Chaffetz and gullet contend that the fbi director had rebutted all four of clinton responses there. Here is what they write, quote, although there may be other aspects of secretary clintons sworn testimony that are at adds with the fbis findings, her testimony in those four areas bear specific scrutiny. Now, we should note a couple of items here, charles, its still unknown if the doj will actually take the next step and carry out investigation. Also goodlatte was Just Announced by the Trump Campaign as an adviser. Charles thank you very much. There were two servers . No, there was a server just one . Theres only one server, is that what youre telling me . The server that the twi has . The fbi has the server that was used during the tenure of my state department service. Secretary clinton used several different servers and administrators of those service. Charles Republican Congress tom sent a letter urging clarification. Thanks for joining us. My pleasure. Charles james comey came out and gave that he layed all of the reasons why everyone thought there was going to be an indictment but there werent, in the process he certainly did seem to indict Hillary Clinton for all the things that the republicans in the house are looking for. How confident are you that the department of justice will follow up here . Well, i worked with james quite a few years when i was a u. S. Attorney, he was a u. S. Attorney and he was appointed attorney general, i still have confidence and faith in him, Justice Department know because its very clear that she lied under oath when she was questioned by the Oversight Committee in dc several months ago and then she got on television the 29th of july talking on a program on tv and said that comey said that whatever she told them in their meeting, that was the same thing that she told the American People and thats just not true. Shes lying. Comey did not say that she that what she told the American People was the same thing that she said in the interview with the fbi. Now, here is a question that i have, an interview with the fbi in my experience and i used that quite often. When i brought someone to interview, they were video taped, if they were video taped at least audio taped, if theres no audio tape there should be extensive notes. According to to the fbi director noab of this occurred. Thats why i sent the letter to the director saying i want a clarification and he has a responsibility to come out and, again, refute, rebut, however you want to phrase it, Hillary Clintons statement to the media. Charles theres no doubt that everyone is shocked and taken back that comey himself wasnt directly involved with the interview process as well as other things that you point out and whatever notes were taken that will be released at some point this week to congress, but that wont be enough. Do you expect answers from comey if hes even allowed to give these answers . Well, its not a fact of whether hes allowed. You know, you have to make a decision. I always thought the Justice Department the attorney general was appointed by the president , if i were the u. S. Attorney in dc, i certainly i certainly convene a grand jury to investigate the perjury. But also even as the director of the fbi, if the administration is not following athe law and the the president does not follow the law, thats handed to the attorney general not to prosecute and then the attorney general or fbi director say im resigning and this is why. Charles thank you very much. We look forward to hearing from you as this progresses. Youre very welcome. Charles the start of the new home surging in july, so does this mean that the economy is starting to get a jumpstart, we will talk about it next charles more evidence today that the Housing Market continues to build momentum, housing climb to highest levels since february. The news by record quarterly revenue and earnings at home depot which raises fullyear Financial Guidance as well. A closer look at the data, however, underscores challenges of the nation based on the changing minds of family formation. Multifamily, they surge in an annual rate of 411,000. They dipped to 318 back in march. Back in january of 1993 multihousing and last year 36. The government compiling data going back to 1909. Young people are choosing family formation and this will not only have a major impact in the economy in the future but will tilt the political map as well. As for the rest of todays session it looks like the pause that should refreshen a rally, im not sure where leadership or catalyst is going to come. Im watching that closely. I want to go to scott on his thoughts about the market and the economy, scott. Well, you know, we talked about Interest Rates going up that got everybody shook. 158 right now. I d like to quote a line from bill murray movie called meatballs, when it comes to Interest Rates, charles, it doesnt matter. I dont think if we raise them or not raise them is going to change significantly. But ultimately, we are only talking about a quarter and a half and thats not the real problem. The real problem like i said before is going to be taxes and regulation and sort that out which we are not going to until we see a new president. We are going to be in this for a while. Charles the markets done okay and done extraordinarily well despite taxes and regulations, of course, we were coming off the major selloff, how much longer can this happen particularly when businesses arent investing money . Well, you talk about the earnings recession, we could talk about bad things. Know that we are creating jobs. I have a question, we keep creating jobs from 10 but all the while the economy has been shrinking. Look at what the gdp is doing. Last year we had productivity numbers that are horrible. We have Home Ownership with 51year low. When we do get good news we dont see the market power 200 points higher. We are running out of oxygen up at these levels. Charles so whats your outlook . From what im hearing from you, its going to be indecisive, we are not going to know until after november, until after the election and then from there you think the market makes more decisive moves . Yeah, i do. You have a lot of smart guys that i have a lot more money than i do, a few others out there that are calling the market high here. You know, thats going to be good. I think the market can do this a lot longer than people can until we come to conclusions and we are starting to see the seeds of doubt. When that starts to become a bigger story, charles, thats when we start to see the market movement. Charles yeah. When we become immune to that charles looks like its happening in placeli japan. Breaking news for the audience now. Fox news confirming donald trump will receive first intelligence briefing tomorrow, usually lasts about an hour, critics are worried about donald trump and what he will do with the sensitive information. Hillary clintons briefings have yet to be scheduled. Meanwhile fallout from that unrest after this my business was built with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. With it, i earn unlimited 2 cash back on all of my purchasing. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Which adds fuel to my bottom line. Whats in your wallet . This just got interesting. Why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, visit legalzoom today for the legal help you need to start and run your business. Legalzoom. Legal help is here. Charles historic and deadly flooding continues to ravage parts of louisiana. At least eight people have been killed as heavy storms dropped over two feet of rain in parts. An estimated 30,000 people have been rescued in a News Conference earlier this hour, the louisiana governor revealed 40,000 homes have been impacted by the flooding. Were following the latest, and well bring you the updates as they come in. Meanwhile milwaukee combat curfew was implemented in businesses theyre still dealing with the unrest while thats something thats getting a lot of attention on this network. Savings account has been while theyre receiving free social programs, welfare, they are putting them in chains, locking them up where theyre theyre missing out on the opportunities to make them better. This flawed system needs to be fixed. Put america back to work. This is still a great nation. So people have a lot of frustration. You get angry, and you just hit the thing thats closest to you. The frustrating part is when you see things that happened the other night, and you see things across the nation, the biggest losers are people in this communities. Charles joe, ashley, and Kevin Jackson on liberal policies are the only thing or the main thing fueling all of this anger. Kevin, what are your thoughts on this . You know, its been pointed out that the last republican mayor of milwaukee was in 1908. I like to point out since then, theyve had three socialist mayors. What do you think . Well, youre exactly right. I mean when you look at most of the problems in these major cities, you can trace it back to the fact that they havent had republicans in decades. And its funny that in this particular case, the first thing that people have been running to is the idea that milwaukee is segregated, that it has all of these things. You would think its jim crowe in each of these cities and the irony in milwaukee may be one of the exceptions. But the irony is in most of these cities, its heavily populations of blacks and even in milwaukee, my suspicion would be its probably at least at the National Average if not above it. So its liberal policies all these cities are run by democrats. All of them are have run themselves if fiscally irresponsibly, and they havent brought new opportunities for blacks and, in fact, all the complaints that blacks tend to make are, unfortunately, at a system that they continue to vote to. Charles ashley, you know, certainly the most dangerous cities in this country all resident only democratic governed but have been so for multiple decades. Do you see something with respect to policy being one of the marijuana drivers for all of this . I think theres something definitely to be said for that. And i think, you know, dr. King actually hit a lot of this right on the head when she was speaking to the effect that a lot of this social welfare, you know, actually has on the africanamerican communities and a lot of these neighborhoods. And when you actually, you know, back to the segregation point, and i think its more kind of the lack of issue. More being pushed out to these communities. No chance of economic improvement for their lives, and i think thats one of the biggest problems here is they feel segregated because economically they are. And i think that that is due to a lot of these liberal policies that are happening. So, yes, that frustration, that outrage, and were doing nothing to really resolve the underlying issues here. We just continue to brush it under the rug and then when Something Like this happens, yeah, put a curfew in place, but youre not doing anything to address those underlying issues. And thats what fundamentally changed a lot of these cities. Charles you know, joe, democrats often talk about income inequality and the cities and states in this country where theyre most prevalent, again, all controlled by democrats, all with progressive policies that have been in place for a long time. How do you how do you square that . Sorry im not even going to justify that with a response because states like West Virginia that are run by republicans also have very low income. The biggest charles joe what im talking about no. No. No. Stop. Youve all got to stop and let me talk. Charles i know but do me a favor, joe. Im asking you a question. Joe. Joe. I asked you a straight forward question, and i would like a response. I dont want you to blow me off. No. Im not blowing you off. What im saying is that this theres a falsehood here to think that this is a democratic policy charles kevin, lets im saying to you, you and i can sit there and look at the data. New york city, new york state, washington d. C. San francisco, these are places where progressives are in control and these are places where you have wide gulfs between the haves and the havenots. Issouri is run about republicans as well. Youre still more likely to die by a gun in wyoming than chicago. Charles what facts are you looking at . This has to do with the facts lies. Decades of Police Shootings have been occurring in these communities and now theyre getting reporting. Just like when the Civil Rights Movement took place in the 60s, we knew these communities were repressed prior to then. Run by democrats. And these communities are not happy about it, and they have every right. Policies need to need charles let ashley speak now, please. Dont you think that those policies need to be corrected and resolved . If were going back. What policy . Name one policy. Republican mayor in milwaukee, maybe we do need to look at the policies that have been implemented and why milwaukee hasnt recovered. 1908. Left behind. That is what the ashley, you dont need to dont charles kevin, go ahead. Dont address anything to him. Everything he said is anonymous. What he likes to do and people like him is go back to the 60s without even realizing that its democrat policies that created. You havent named one policy very same policies that have black the very same policies that have blacks cordoned in the cities in these things called ghettos that have the worst schools, least parliament of opportunity. Good. Lets invest in public education. And democrats. So lets talk about that. So you go back to one place like West Virginia theres one anecdotal place. I can name city after city where black people charles hold on for a second. Guys, im going to chime in for a second. And, joe, ill you go. But i think youre being disenjensen when youre throwing these things out there. What were talking about, joe, is the people who have been trapped in the neighborhood for a long period of time, and they voted for your party over and over again, and theyre still trapped in these neighborhoods. Forget about all the other things. What do you say to the kid whos born in the ghetto somewhere or somewhere lets say detroit, for instance. Where functional illiteracy is over 50 . Down the you bear some responsibility for that . Your party . And if not, why not . No. To throw that on the back of the party is just unreal. Typical racist response. Excuse me . No. Typical racist response. These kids need schools and theres one party fighting for schools and thats the democratic party. One party that leaves them relegated to the zip code that theyre in. Charles were going to leave it there. I will leave it on this note, though. Oh, my god. Charles joe, no country in the world spends more money on education than we believe of. Its not about the money. Its about how its being applied. The principle and its about strong community. Charles and its about open theyre not schools. Charles hold on one second, kevin. Its about protecting the status quo and, unfortunately, the status quo means blacks are on the bottom. It hasnt changed. You can laugh it off here but one day people are going to have an epiphany and say you know what . This party hasnt helped me. Thank you so much, appreciate all three of you guys. Meanwhile think so british exit means more for the global economy. Well have more on that. Next i have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine. I talked to my doctor and found a missing piece in my asthma treatment with breo. Oncedaily breo prevents asthma symptoms. Breo is for adults with asthma not well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Breo wont replace a rescue inhaler for sudden breathing problems. Breo opens up airways to help improve breathing for a full 24 hours. Breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. Breo is not for people whose asthma is well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. Do not take breo more than prescribed. See your doctor if your asthma does not improve or gets worse. Ask your doctor if 24hour breo could be a missing piece for you. See if youre eligible for 12 months free at mybreo. Com. Im adam shapiro live on the floor of the New York Stock Exchange. Stocks are selling today but at one point the dow was down almost 80 points, the s p 500 down 6. 5 points and the nasdaq down 20 points. One of the stocks thats having trouble today, advanced auto parts. It is their biggest intraday. Stock down 3 , year to date up 11. 5 but missed on their earnings. Revenue is down second quarter. 4. 8 and comparable sales also down 4. 1 in the second quarter. Trouble for volkswagen, the department of justice according to the wall street journal investigating a possible criminal activity tied to the Diesel Engine scandal that volkswagen set 21 billion aside to deal with fines and recurring problems. And then theres the audi group within volkswagen. Testing an Autonomous System with traffic lights. Charles out of luck millions of students leaving school with debt and no real skills to bring to the workplace. The risk and reward host Deirdre Bolton on the government turning to the private sector to help out with this. How is this working . Charles, and you and i love this subject; right . We talk about it a lot. The skills gap exactly as you just said. So many people graduate from college, they have debt, and then they find they dont really have an applicable skill set for the market. So this is an attempt by the Obama Administration to close that gap a little bit. The risk is that in the past, these nonaccredited programs have not they have mixed results, lets just say. So its 17 million, some of the programs, though, one i know in particular flatiron school, they basically the coding boot camp. You go in, and they own you for 12 weeks. You are there 12 to 18 hours a day, and they teach you how to write coding, they teach you how to Program Different kinds of software. Also where this could be different in the optimistic sense is that some Big Companies are participating. Ge probably the biggest headliner of them all is working very closely with northeastern university. So that essentially students and particularly from lower income families are supposed to be able to get hold of some of this money or at least support. Theyre not going to actually touch the money. Its going to go to the school, but then they can enroll in the program at a very reduced cost. Charles job placement part of that too . Once you finished the course . So this particular program, no. This is just about getting people the skills that could make them more competitive in the marketplace. But really the big risk here is that programs such as these not exactly like these, but this Public Private partnership in the past charles that theyll maybe evolve. 50 50 results with a company perhaps like ge in the mix or flatiron school, youre beginning to move the needle and relatively speaking as you know, 17 million is not a lot. So it seems like a worthy experiment. Charles i want to ask you about this new york dudley commenting exclusively to fox business on the impact of the british exit. What is your assessment right now of the brexit situation . Obviously the vote was a negative shock. Certainly to the uk economy. I think theres still too soon, though, to fully assess the full impact of brexit. We know its going to have consequences for the uk economy. Thats going to ripple into the european economy. Charles all right, deirdre, so much debate about this. I mean may not officially happen until the late 2019. Yeah. Charles what do you make the surprise it takes two years to unravel. But i think what i heard dudley say and of course our colleague did an excellent interview. He said that the economy is in okay shape; right . He didnt say its going gangbusters, of course im talking about the u. S. Economy. But he didnt say its suffering either. And what i read into it is that a september rate hike is more likely. So the fed meets again on the 20th, 21st of september. And the fact that u. S. Economy according to dudley at least in the second half, he thinks is going to show slight acceleration, gentle strength. Charles its going to have to show slight acceleration if it shows any slight decrease, will be right. Well said. Great interview, and it does seem at least according to the new York Federal Reserve president , were not in as bad shape as we charles and we should point out dudley is a dub and any time it becomes hawkish, we pay attention. Right. Charles dont dismiss trump. Thats not me saying this, thats president obama saying that. Weve got the details coming up. You both have a perfect driving record. Until one of you clips a food truck. Then your rates go through the roof. Perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you twentyfour seven. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Charles Hillary Clinton promising debtfree college, but what about debtfree period . New American News that americans under the age of 35 holding onto Credit Card Debt now falling to its lowest level since 1985, Dagen Mcdowell on millennials being spooked by debt. Is it that they watched what happened to their parents . I think thats. [laughter] charles. Charles yeah. And its an indication of how tough the job market is and not seeing the kind of wage gains. Speaking by what happens from the financial crisis frankly. So this is Federal Reserve data. The percentage of americans under the age of 35 who hold Credit Card Debt is at the lowest level since 1989. Some older americans, youve seen them pull back on using credit cards as well since 2008. But youve actually seen recently kind of credit card usage starting to tick up. You know its a doubleedged sword. You want people to spend . Charles sure. But you dont want to go deep into debt. The irony i suppose is that young people arent ringing up their own debt. But they want the government to take on debt to pay for all their free stuff. Charles yeah, or their parents; right . My son hes saving every nickel he makes this summer, and im the one whos paying for everything. But thats the generation. Thats a very smart young man. Charles he is smart. I want to talk to you more about that. Because savings have gone down, credit card use is going up, and thats unsustainable for a while. Well see how long that can last. Well, and now that the United States the government that double to almost 20 trillion. Thats also charles it would be nice if government took a page from its citizens sometimes. I want to ask you about this breaking news just moments ago, the fuel efficiency rules from medium and heavy duty trucks. The administration now saying it will reduce over 1 billion tons of carbon. What does that mean, dagen . It means there are more regulations coming out of the white house. These are tractortrailers and essentially garbage trucks. This is really my wheelhouse. So the Obama Administration is proposing a 20 these rules will mean 25 lower Carbon Emissions and lower fuel consumption. But this is an administration in the almost eight years that theyve been that president obamas been in charge, theyve handed down 600 or more major rules out of the white house. These are economically significant to the tune of at least 100 million each. If you can look at the total impact Economic Impact of all of these rules, its threequarters at least of a trillion dollars. Just one heavy duty truck role will have an Economic Impact of 300 billion. So, again, its this is part of the green agenda. And ill note they raised the fuel economy standards for just regular trucks and cars and vehicles to it was to 54. 5 miles per hour. That was the standard. Charles right. Its not going to be net gas prices have fallen and people are buying less fuelefficient cars like puppets pickup trucks and suvs. So, again, consequences. Charles thanks a lot. Guys, get ready for a trump turn around and guess whos calling it . Maybe president obama. Charles developing news from the campaign trail, donald trump is in wisconsin pitching his plan against isis. And Hillary Clinton will be pitching her plan in the swing state of pennsylvania. Shes being warned not to dismiss donald trump. Thats not just republicans saying that. Thats president obama saying that. This is cavuto coast to coast, just 85 days left in election day. Some throwing out the confetti claiming donald trump has no shot but president obama warning democrats not to be too confident about a clinton victory. Telling donors privately if were not running scared until the day after the election, were going to make a grave mistake. So are democrats worrying about a trump turn around . Trish regan. , steve, let me go to you first. Apparently one of the bigger Hillary Clinton super pacs now pulling the commercials in virginia, colorado, and pennsylvania saying this states are won. Kind of premature, no . It is indeed because her negatives are higher than donald trump. So if trump continues to do what he did yesterday, give a substantive speech, stay on message, hes going to be formidable because this is third term versus the ability to hold that office. And if its pivot back to her being a third term of obama instead of temperament, hell win the election. Hes got to deal with the temperament issue, and i think they know it now. Charles trish, it wasnt that long ago, maybe 30 days or so less when donald trump was ahead real clear politics and most of the polls. So we see how these things swing back and forth. Yeah. And i think the media has had a role in all of it. Lets not forget. He actually started to get a little bit ahead of her. Got a little convention bounce and what do you know. The media freaked out and said gosh this is Mainstream Media im talking about. This is kind of serious. We could actually see a republican in the white house. We know that they do not want to see a republican in the white house. And they certainly dont want to see donald trump. So i think Hillary Clinton was clever in that she was able to turn this election into, you know, you have a choice between me saying stable, you know, continuation of what youve already seen, which most people dont actually want. Or crazy. And so shes painted him as the crazy man. And what he needs to do right now, charles, is do exactly what he did in ohio yesterday. Get there, address the facts, this is the situation were in. This terror attack. Th terror attack. It continues to happen. We need to fix it. If he can sell policy as opposed to all the other stuff . Charles sure. Hes got a good shot at turning things back around. Charles theres no doubt about that, and i think because of the temperament thing, it overshadows the economy, terrorism, and all of the other things that are absolutely in Donald Trumps wheelhouse that hes still outpolling hillary on, but should be up. Right. Because the media loves to talk about what is the thing that he said that was most outrageous the other day instead of actually talking about tax policy, which we desperately need to actually fix this economy. Charles so ironic that because he is so open and allowing the press to talk to him all the time that they set him up so often where hillary hasnt had a press conference in almost 300 days. I want to shift topics for a moment, guys, because aetna show casing obamacare problems, pulling out of all the changes. Only going to be four and then blaming heavy losses for the retreat. Steve, should donald trump be pounding really a harder on this issue . Particularly with the idea that a lot of premium increases are going to happen just days before the election . Absolutely. He should do a speech like he did yesterday around the economy on health care. This is a very emotional issue. People are no more happier with the obamacare than they were five years ago. And one of the surprises, charles, is how little this issues been discussed. Yeah, they make reference to it, the candidates. But they havent gotten any detail. He should hit hard about peoples experience in hospitals. Peoples experiences as you say with these not only rising premiums, but the deductibles are sky high. No one is happy with whats happened with the health care. Charles yeah, and also impact with Small Businesses have been devastating, trish. Of course we know democrats have come back and the first thing they say you have 20 million more people insured. What they dont say is almost 30 Million People arent insured and the ones that were, kind of lost their doctors. Yeah. And this thing doesnt pay for itself any which way you slice it. I think that this resonates, charles, and i think this is another area that he should explore right now because so Many Americans are struggling with these escalating Health Care Costs and does is not a solution. Obamacare is not a solution. We need a solution to actually really try to help as Many Americans as we can. But this is not it. Charles right. So i think he can hit that. I think he stays on the economy, stays on national security, and if he does all of these things well, and really just zeros in on this policy, which i keep saying is so important to americans right now, then hes actually still got a shot in these last 85 days. Charles steve, it always comes down to the economy and donald trump, again, everyone does believe that the billionaire businessman can deliver, and i think trish is right. Hes just got to articulate that perhaps over and over again until the point where it sounds like a broken record, but it starts to make inroads. The election bill clinton won back in 1992 and the thing to keep in mind is that 70 of the people feel the countrys on the wrong course. And thats what trump has to tap into. Make that the issue, not himself. Can i just also say. Charles sure. Its the policy; right . If you can just divorce the person, the candidate, both candidates from the actual policies and look at the policies straight on, in a blind taste test, what youre going to find is one is better for business and Economic Growth than the other. And that frankly and i can say this as a business reporter. Lower taxes, less regulation will help grow our economy. Period. End of story. Not even debatable. Go look at any economics 101 textbook and thats what hes promise promising. Charles blind taste test. Something tells me that might be a great commercial. Thanks a lot, guys. Appreciate it. Stocks down right now but still near the record highs. Hillary clinton hoping the stock market will be the win in her campaigns back but the cloud of the email saga still hanging over her campaign. News of the house gop pushing for a perjury probe, congressman ron is on the House Judiciary Committee and pressing for answers. Thanks a lot. Again, i get where youre coming from. Listen, i understand the issues particularly when Hillary Clinton testified in front of the benghazi committee. But how confident are you that is department of justice will follow througon your request and the american publics request for answers on these contradictory answers . Well, charles, obviously im not very confident because they have chosen each and every time any time theres been a high profile case, to not do the right thing. And whether its the irs targeting, whether its the clinton investigation. So, yes, i think its a very politicized Justice Department. But heres the thing. That does not relieve us of our ability to tell the American People the truth and our responsibility to do that, and i think what weve done is weve laid out she came before congress. She swore an oath to tell the truth, the whole truth, and nothing but the truth. And in each of those particulars, what she testified to was contradicted by the evidence that the fbi uncovered. And thats just the fact, charles. So its our responsibility to present that to the department of justice. And if they want to swat it away, then the American People will know theyre still acting politically. Charles again, remind the audience, the four issues are did she ever send or receive classified emails . Did she give all of her attorneys all of the emails . Did she have multiple servers and devices . And finally did she provide all the workrelated emails . Could she say with the Justice Department say, hey, you guys have a point here . But she was just mistaken. She made an honest mistake. James comey hinted that very busy people sometimes forget about certain emails that they deleted and that maybe it was just a quote honest mistake. Well, if you remember the statute that was at issue with handling of top secret information was simply a gross negligence standard. And what the Justice Department did is they insisted on having a much higher standard that wasnt even in the statute saying that secretary clinton needed to be shown to have intended to give that information to americas enemies. Which is not what the statute says. So my sense would be they would take an equally aggressive view on this and say, yes, even though shes making false statements, i bet you they would say, well, she may not have actually intended to deceive so that will be their escape hatch. But i think we need to put the pressure on them and make them look at it and make them come to a determination. Charles you know, just a little bit of an aside when fbi director comey sort of suggested that thats the statute was very old, and he had a tough time grappling to be the first person to interpret it a certain way. Is there an area where congress can come in and say, hey, we want to sort of finetune when these actions should be deemed a violation of certain statutes. Or do you continue to up to the fbi directors and others to determine what makes you do it when theyre using the fact that its never been done before is an excuse for not . Well, first of all, it has been done before. There have been people who have been convicted under that statute and comey says, look, when i was in the Justice Department as a prosecutor, we never use it. Well, what you know, charles . Most people who are in high positions of authority do not treat classified information the way secretary clinton treated it. So you didnt even have a lot of cases that would have been similar because most people actually take their responsibility seriously. But i think you have to have gross negligence. I dont think you can say only if you intend to harm the u. S. Because then youre leaving open a whole host of areas where people are grossly negligent and our country suffers. Charles thank you very much. Appreciate it. All right. Guys, we know the fed looms over this market. Our very own peter barns sat down with an exclusive chat with new york governor dudley. Take a listen. Were looking at growth for the second half of the year, stronger than the first half. The layer market continues to generate reasonable job gains, 190,000 the last three months. So i think were edging closer towards, you know, the point in time where it will be to raise Interest Rates earlier. Charles the dollar quickly trimmed losses after investors heard this. To the scc chairman harvey pit. Harvey, thanks for joining us. The Federal Reserve, its always interesting when it sounds more hawkish. But what dudley was saying with respect to the jobs market is one thing. But as far as wages are concerned and the overall gdp, still lagging tremendously. Absolutely. The economy is performing substandardly and this is a very, very slow recovery, despite the administrations efforts to pose it as something more robust. Charles do you think also the Federal Reserve has a vested interest in being able to justify their interest in the extraordinary actions that they took to at some point take a victory lap themselves, even if it may not seem justified to the insiders to know the real deal . Well, i think theres a lot going on with respect to that. I think the Federal Reserve board has become less independent since doddfrank has been enacted. And since the economic melt down. And as a result, theyre part of the administrations policy apparatus, which was never the role the fed was intended to perform. The fed was always supposed to be an independent setter of monetary policy. But were seeing comments and actions from the fed that look much more like part of the Political Administration policy. Charles and to that point. Im glad you brought it up because i also see where the fed has a dual mandate. But when they speak or take action or in action, they talk about the economy in china or the british exit vote or things that maybe you can connect the dots. But i dont think that thats what their initial role was supposed to be. And it feels like they can use an excuse any time they want to do or implement policies they may or may not want to. Yeah. Were looking it seems to me at policy that is being set and then justifications are attempted to be found after the fact. As opposed to trying to help the country get on a economic recovery track, which is what their job is. Charles so having said that, weve got a couple of things here. You have the credibility and of course the ability to be able to jaw bone markets is a key, key asset for the fed. But also, what kind of danger are they putting us in if they continue to keep rates this low for so long, particularly after all of the money theyve printed up . It strikes me that this is going to produce a very dramatic and adverse Market Reaction when they finally get around to allowing rates to rise. I think what weve seen right now has been very artificial and instead of letting the economy function, they are basically fueling shorttermism and keeping people focused on day in and day out events as opposed to the longer term, all of which bodes poorly for the stock market coming down the road. Charles harvey pit, thank you very much. Really appreciate it. My pleasure. Charles well, you heard about donald trump proposing a test on immigrants. But did you hear about the test he wants on the media . 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They are so fixated on donald trump right now, it doesnt matter really. Thats the thing. This may miss a few thinskinned reporters here and there. But the temperature is already about 5,000 degrees. So it doesnt matter if trump is raising it another ten degrees or so. Trump has always had this love hate relationship with the media. Maybe more of a hate, hate relationship these days. But in a way, through the all this coverage, it has really helped him. Even the negative coverage has helped him. Charles well, you can argue that maybe it helped him in the primaries i think. Right. Charles but really. Think about the last three weeks and almost any time something really damning came out of Hillary Clinton between 24 to 48 hours, it felt like the narrative change something not that hillary did but something donald trump said and people said thats just tough that you would actually take what someone did and dismiss that as opposed to someone who might have had a gap or maybe continue that you didnt agree with. Well, thats the thing when trump makes these comments about the meat. The other thing hes saying is that it takes all the attention, it takes all the oxygen out of the room, and there isnt enough room for coverage charles why is it getting so much attention . In other words, its up to the media to decide what they want to put on their front page. What they want to start the nightly newscast off with. If theyre deciding, hey, we want to go with this as opposed to the more damning situation that may be occurring in the other campaign, then how much should then held accountable for that . Media is motivated by blood in the water. Thats what we go after. When trump is making controversial comments, thats whats going to make the news more so than his attacks on the media itself. Charles but any richer than Hillary Clintons blood . Because there are has been blood in the water for Hillary Clinton. Just almost every other week theres been almost every week recently. There are has been something that she has done that you say whoa this is going to really sting. But then you dont hear about it anymore. Sure. You know, trump would never be voted class president of by the media if this were high school. But Hillary Clinton wouldnt be most popular in high school either. She certainly hasnt given a press conference charles let me ask you about the hill where you work. A lot of people think that theyre antitrump. Is that the case . We are nonpartisan at the hill. We cover both candidates very fairly in my humble opinion. But, look, as we mention before, trump has really, you know, been the benefactor of this Media Coverage up until the primaries. But now, hes biting the hand that feeds him. Hes not just biting it, hes slicing and dicing just for good measure. Charles well, some people are saying hes fighting back the only way he knows how. And youre right. I guess 3 billion in earned media can be a doubleedged sword from time to time. And were an easy target, you know . We rate somewhere along the lines of roaches and congress on the likability scale. Charles yeah, a little bit lower than congress and a little bit higher than roaches. Thanks a lot, judy. Appreciate it. Thanks so much. Charles Warren Buffett is bullish on apple. Should you be too . Were going to debate that next theres a lot of places you never want to see 7. 95. 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It is interesting because buffett is notorious for not understanding technology. The guy sells furniture. And ice cream cones. Charles yeah, ice cream cones. Underwear. And then the myth. He doesnt like investing in tech because tech evaluations are usually ridiculous most of the time and theres a lot of destruction where youre winning and then someone starts up and all of a sudden your companys worthless. That risk is something hes not comfortable with. Those two things. That said, he knows a company like amazon which you cant buy in evaluation is basically destroying walmart, which is why hes selling walmart. Hes not going to buy amazon at these 100 plus p ratios but he sees the impact in tech. Apple is not an amazon evaluation or anywhere close as a high dividend. Hes comfortable with the longevity of that business model. Theyve made it through the years. And not going to be destroyed. Charles although you dont think theres a sense of Creative Destruction at apple that their dominance is weaning and theyre no longer a Growth Engine . So i get that theyve got these absurd low evaluations. But how do they ever justify higher evaluations from here . Well, hes been talking with tim cook. That was kind of the indication that he was i thought he bought more. Although that came out after the show last week. As well as amazon. And i think some of it they want to talk about the cash. And some of it was probably increase the dividend. So i think buffett is making the case hes not going to be over 2 , but might be kicking 3 and that might boost the stock. And also discuss use. I would like to think that semiout of the growth phase of the phone thing but if tesla eventually stumbles because they cant raise the money, thats something apple has cash to get into and dominate. Charles i would like to see them make acquisitions with all of that money. In the meantime a september rate hike is possible. He says the economy is actually accelerating. Jonas, what are your thoughts on that . Hes making a lot of assumptions about second half growth. Yes. And weve made this before, and then they dont really materialize in the way they are. I really do think that that inflation has to start rising before you see rates going up. That said, you didnt see the bond market move much by this. Because at the end of the day if they raise rates higher which is now going to be a 50 50 chance, shortterm going to go up to 1 . But longterm rates are going to stay below two and two because theres so much demand for bonds and not that much demand to borrow money even though it seems like everyone is borrowing money to buy everything. So youll see a flat and low yield curve. We might be in that mode for a very long time. Charles what does that mean for pe stock market . Its good because it means this thing some day rates are going back to 8 and then stalks fall 80 . Thats not a likely scenario. There could be other reason for stocks going down, but it wont be because rates go higher. And on that rate get a lot of that from potential clients. 99, rates were over 6 and people were perfectly happy buying stocks with a 1 yield back then. So just because rates go higher, the economy grows faster. People arent going to care if rates are 5 again. Charles and youll sandra Real Old School reason for owning stocks. In the meantime, retreating from obamacare, and you wont believe what liz warren think so is the reason behind it. Charles fox business alert. Justice department finding evidence of criminal wrongdoing in a volkswagen probe but will anyone go to jail . Jeff flock as the details. Reporter thats a very good question, charles, and at this point we dont know. What we do know more bad news for places like this. This is one of the 650 vw dealerships across the country. This one in suburban chicago. Sales have been hammered. The question, what us did the news now mean . Wall street journal citing sources, evidence of criminal, wrongdoing, would, for example, potentially, vw executives be prosecuted like former Ceo Martin Winterkorn if he knew something about this in advance . Perhaps one of his deputies, could they be prosecuted . The company did not do this in the case of toyota or general motors, with unintended acceleration and probes on the ignition switch problem, and of course they paid big fines. This likely will definitely lead to a big fine. It was 1. 2 million for toyota. About 900, 1. 2 billion, 900 million for general motors. Speculation it would be even greater. Would you try to prosecute a german executive, someone you would have to extradite and bring across the ocean . At this point we dont know. Apparently talks between vw and the Justice Department are continuing, charles. Charles if it is rhetorical, the answer is no. If youre asking me, lets bring him over right now. Thanks a lot, jeff. More trouble for health care exchanges. Aetna planning to exit seven of 10 obamacare plans, blaming heavy losses for the retreat you about senator liz warren suggests that the move is retaliation for government blocking its planned merger with humana. Heritage Foundation Senior policy fellow ed hasslemeyer. Liz warren, i dont know what to say. The fact of the Matter Health insurers have been warning for a long time, the way the risk is set up, risk corridor is fading away, the way people not signed up way they thought they were losing a ton of money on these programs. Right. Aetna has been probably one are the more disciplined insurers in this whole exercise. Ive been watching them now for four years. What was interesting is the first year they went into more states than anybody else but they still didnt go into some states, new york, maryland, georgia, california, because they couldnt get rates approved that were high enough. So i think they have taken a very sensible, cautious approach. It is now, with the, as you pointed out, with the subsidies going away, extra subsidies going away next year. This is fish or cut bait time for these insurers. They have got to make a decision. Charles see more and more saying well opt out. Does the public have the right to be upset to some degree with the Health Insurers who help write the law and built in, sort of, this way of government reimbursing them for losses . As soon as that option runs out they cut and run . Well, you know, i can fault to a certain extent on this as well. Reality is, if you looked at this legislation, as i did at the beginning, you could see where this was going to go. Some of the insurers by the way, looked saw where it would go, we can do that. So milena is profitable. They knew where it was going. Never mind the eye wash and propaganda out of the administration. This would turn into a giant highrisk pool for low income people and look like medicaid. So if youre a Medicaid Managed Care insurer, like sent teen and molina. Manage people, keep them out of the e. R. , some of the things that other insurers didnt know what they were getting into. Some of it was at the table and some drank the koolaid. I dont think it was true of aetna and that is significant. Charles what happens from here . We talk about the risk corridors, and how do you implement a plan that works . Well, i mean youre going to have to reopen this legislation and change the fundamental mistakes that they made in the design of it, and thats a political call and frankly its really going to come down to democrats deciding that the pain is too much. They got killed electorally in 2010, and in 2014. You know, as, time goes by, there are more democrats in congress who didnt vote for this, so they dont have to defend the vote. Charles right. At some point they have to say, its a quagmire, we have to get out. We have to extricate ourselves. Once you do that there is possibility for bipartisan solutions. At that point it doesnt really matter Charles American public knows its a disaster. Whether they want to keep acting like it is not up to them. We have breaking news we want to share with the audience of the state department confirming the state department agreed to turn over all emails Hillary Clinton sent and received as secretary of state on her personal server. Hillary clinton now taking the stage in pennsylvania. She is trying to deflect from these questions. Meanwhile many clinton backers already discounting donald trump. Remember what happened with the british exit vote. Why a vember surprise could be in the cards. Thats next. Reporter im adam shapiro live on the floor of the New York Stock Exchange with your fox business brief. Stocks are selling off right now. The dow is down 73 points. S p 500 down nine 1 2 points. Nasdaq is down 26 points. Some has to do with interview on fox business from the new York Federal Reserve Bank President who said there could be an Interest Rate increase soming in september. Look at some winners and losers. Apple had been leading the dow up earlier. Now it h gone flat. Tim cook in negotiations with the chinese about greater investment there. Goldman sachs is trading up right now. Yeartodate the stock is down 8 . Talk real quick about morgan stanley. Morgan stanley got, it was disclosed, billion dollars worth of investment at least in the stock, a billion dollars of stock repurchase by valueact. That stock is off 22 for the last 52 weeks. They see value with value add. Well go back to cavuto coast to coast after this. Charles critics and pundits from both sides of the aisle dismissing Donald Trumps campaign but remember the british exit vote . So many were sure the brittish would vote to stay in the eu, Election Night proved to be a huge surprise. Could we see something similar here in the United States in november . To Washington Times kelly riddle. Kelly, a lot of folks are saying remember the breck sit. Because it was a surprise. Pollsters and pundits got it wrong right up to the end. What we see now, based on the brexit votes was a lot of polls were modeled on turnout and that, based on years prior, voters from years prior, and what we saw that night, there was a record new number of voters. I say new number of voters, 2. 8 Million Developers that were new, never voted before, or were apolitical, that were new to the political process. What the pollsters thought was that these votes would be, might be new voters but would be split down the middle 50 50. They overwhelmingly went to vote leave. This is something that Donald Trumps team is also trying to capture. He has disaffected voters, unpolled and he is trying to bring them to the polls. Voter turnout was 57 in 2012. If he can boost that by a couple Percentage Points having go towards him, he has got a case. Charles of course i think with the british exit vote millenials wanted to stay didnt vote. Even though theyre largest voting block now, those numbers, we know they will not show to the polls certain degree. Matters how little, how much. There are other parallels, right . Yeah. Charles issues themselves are so interesting. Correlation between wanting to control sovereignty, wanting to control their own borders, a lot of things reflect angst in our country we see today. Yes, what is making, donald trump may be down in the polls as personality and by overall National Averages but he still beats Hillary Clinton when it comes to the economy and when it comes to, you know, dealing with the ref gee and controlling our borders and these are same issues that resonated with the british population. Now, in a recent abc News Washington post poll, 57 of americans agree with Donald Trumps perspective, that this world is a darker place. It is not all roses and sunshine like Hillary Clintons message seems to be. He beats her on his message by 16 Percentage Points. This was echoed in earlier wall street journal nbc poll. So the sentiment is with donald trump. American peoples sentiment is with donald trump. It is personality that is the question mark. Charles kelly, thank you very much. Appreciate it. Thank you. Charles president obama also warning democrats it aint over till its over. Dont be overconfident about a clinton victory, telling donors privately, if were not running scared until the day after the election well be making a grave mistake. To a clinton donor whether donors should be nervous. Sounds like sage advice from donald i mean barack obama. I think he is actually speaking what all of us are thinking. I think only thing that i would point out in that connection is the fact that donald trump, er not be confident, because he just steps his foot into it, seemingly more than once a day. So as long as that keeps going on it is very hard to get yourself really scared, but nevertheless, people are running this campaign as if it is not a sure thing. Charles what if he starts, what if he starts to stay on message, stay on the message, stay on message, a few other things happen . Listen people are wondering will there be email dump some sort of leaks . There are a lot of things circling around the Hillary Clinton moat dangerous for her as well . I dont think any question of the two candidates Hillary Clinton is the better individual, be the best president we could possibly have of the two. It just, frankly reinforced every single day. I think her focus on building jobs, jobs, jobs, jobs, which is something she does every single day is exactly message people want to hear. In terms of donald trump getting people scared and telling them all about the negatives in the world, is something that obviously you have to spend time counteracting but hillary is not saying there is no threat from outside. She is being more practical person how to deal with it, rather than just ranting and raving. Charles this mornings report priorities usa, bigger backers, superpacs pulling tv ads from virginia, colorado, pennsylvania. Kind of reminds me one of the first nursery rhymes, fairytales i heard about the tortoise and the hare. Feels like she is getting a little too cocky here. Maybe the whole crew is getting cocky. Do you tell everyone, keep the pedal to the metal . Everyone runs every day if there is no tomorrow. Keep focus what objective is. You cant let up for a second. I dont know, im not privy to what priorities are saying. We have limited amount of capital. Lets put it in places where we think there is real concern, serious concern or very, very close. I think theyre obviously feeling more confident in the states you certainly mentioned. Charles right. Not putting money in new york state because that is an area theyre confident. I think theyre probably feeling more comfortable in those states an focusing, i would guess, on ohio, michigan, midwest. Charles other swing states . Absolutely. Charles you just mentioned Hillary Clinton focusing on jobs. Lets talk about the economy a little bit. Jobs numbers have been better of late but overall the last seven 1 2 years with respect to postrecession recovery, wages, things that matter to people, things that people understand, very clearly because it is their pocketbooks and wallets, havent really gone democrats way. How does hillary get away with the campaigning on economy when most people are disappointed with it . The idea where the economy has grown, weve grown enormous number of jobs since the decline in 2008. Weve had enormous comeback. What the number is specifically and how to build that further, it is not in the ability of any one person. I think general environment is what counts. I think most important of all is ability to work with congress and that is where hillary is a star. Charles talk about the backdrop before i let you go. We have a minute to go. Backdrop heavy on taxes, heavy on regulation, how does that spur prosperity . How can you get entrepreneurship which is near an alltime low back on track . You could say it is alltime low. I will tell you there are more startups going on across this country, in every city you can go to. More work spaces. More incute baittores, more accelerators than anyone ever has seen before. In city like new york, for example, there are at least that is your area ever expertise is venture capital. That is startups. New business formation. Charles that is startups. No doubt that stuff is doing great. Other than that, the other sort of entrepreneurial numbers, that we looked at in the past, they have gone down a lot. Listen charles hightech and then there is the nonhightech stuff. This has to do with confidence. Charles right. I think, frankly, donald Trump Presidency would make certainly make me less confident than i am today. I think hillary builds confidence. Hillarys messages have confidence in the economy going in the right direction. I think she can work with members of congress to put in legislation that will be positive for business formation, and in terms of taxes, i think she will be very responsible in terms of not soaking the rich, trying to get more balanced tax program that will give her money to put in truck truck and other incent activity. Charles alan pattry could have, thank you very much. Appreciate it. Hillary clinton pushing for more free giveaways. First Free Health Care and free college. Next thing that will be free . You have to wait until after the break but its a doozy. Well be right back. eeeeohmumohweh hush my darling. dont fear my darling. the lion sleeps tonight. hush my darling. man snoring dont fear my darling. the lion sleeps tonight. woman snoring take the roar out of snore. Yet another innovation only at a sleep number store. Wont replace the full value of your totaled new car. The guy says you picked the wrong Insurance Plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Charles Hillary Clinton talk about perfect timing, just now promising Free College Tuition for most americans but Liz Macdonald says the numbers dont simply add up. Emac is here. Started out 350 billion for free tuition for fouryear state colleges. Then it went up to 500 billion. So the numbers keep going up for Hillary Clintons Free College Tuition plan. That is a lot of money over 10 years. Were talking about here, charles. And what is absent, what is awol in her plan are incentives for colleges to stop gouging middleclass families across the country with tuition price hikes. That is awol. Donald trump is expected to come out with his own college plan. Were not sure details are not out there yet but expected to say you know what . He is expected to say federal government get out of the student loan interest. President obama nationalized Student Loans in 2010 in the middle of the financial collapse. There are, he, may be saying that you need to get banks back in there to give incentives to somehow to get the colleges to rein in their everskyrocketing tuition costs. That is nowhere to be found in Hillary Clintons plan. Charles if you rubberstamp every loin for every degree, no one is looking at risk, what kind of return on investment this will be right . Ultimately theyre just currying favor with the millenial generation. That is exactly right. New york fed did a study. They found out every time government subsidizes tuition, every dollar of increase in tuition cost after that, 60 cents the colleges pocket, pocket 60 since of those increases. So, im not sure how Hillary Clinton can do this she is saying rich will effectively pay via higher taxes for free tuition of families making up to 125,000 a year. Charles not just this. She is offering a lot of free stuff. You have a theory on the next big free stuff. She briefed this idea in 1999 and broached it again when Bernie Sanders came after her not supporting singlepayer health care. Talking about medicare for 50yearolds. That is halfway step towards a singlepayer system. She it up in may and may bring it up again, let 50yearolds buy into medicare. Hillary clinton also mentioned a governmentbacked Insurance Plan that competes with other Insurance Plans on ever dwindling Health Exchange sites. Charles notforprofit, Bottomless Pit government plan against private ones. Thats right. Charles thank you very much. Greece, here we come. Stocks trend further away from record high. Were drifting, drifting, after the new york fed president William Dudley commented here on fox business that a rate hike could happen in september. Weve got more for you after this. Charles its a big swing state push, donald trump is in wisconsin. Hillary clinton in pennsylvania and just moments ago Judicial Watch announcing that the state department has agreed to produce all emails since or received by Hillary Clinton that were uncovered by the fbi during investigation. In the meantime stocks are also, peter barnes had interview with William Dudley, that moved Interest Rates. Dudley expressed optimism, perhaps september could see a raise hike. We will see what happens there. He did suggest that the economy will do better in the second half. In the meantime, i will be back tonight, my guest senator anne bre work trish the city of milwaukee reeling from the violent protest gripping that community right now. This on the heels of trumps speech to defeat terrorism and isis. Well, his message law and order help him in a state thats increasingly become never trump land. Im trish regan and welcome to the intelligence room. Some are taking to the streets of milwaukee calling for violence against white people. Listen to the shocking video. [shouting]