Stop and work with me on some of the crises going on. A very busy for us and very busy day for people selling on wall street and a lot of this having to do with whats going on. President Trump Holding bilateral meeting with Angela Merkel. Blake berman with the latest. All the stamps of the countries, whats the latest. Blake collecting stamps, neil. Neil right. Blake its fun traveling around the world. Cant complain at all. [laughter] neil whats going on . Blake hamburg, President Trump is set to meet with Angela Merkel any moment now. So many stories when you look at the g20 summit thats going to take place tomorrow, oneonone meeting with Angela Merkel, bilateral meeting after that. You talk about Vladimir Putin, oneonone meeting tomorrow. Enrique pena nieto, oneonone meeting tomorrow. So many different story lines, however, on this day theres a leader in a country not involved with any of this thats grabbing a lot of headlines, thats kim jong un in north korea. It started very early this morning and the 4 00 oclock on the east coast, 11 00 oclock here in hamburg when the president was talking during a News Conference about north korea. He called them a threat. He said they were acting very badly and that led to one of the reporters during the News Conference asking the question about, well dow you expect north korea to take a uturn or military action potentially from the United States . The president said three words, neil that are getting a lot of play as he gave an openended response. Watch, here it is. As far as north korea is concerned, i dont know, we will see what happens. I dont like to talk about what i have planned. But i have severe thicks that we are thinking about. Its a shame that theyre behaving this way but they are behaving in a very, very dangerous manner and something will have to be done about it. Blake so those three words, theyre pretty severe things and thats potentially even more the market earlier this morning in downward trend. By the way, in ham hamburg, the president will meet with south korean leader, japanese leader, chinese president , not a part of that meeting, potentially a message there as we know what the president has been trying to do, trying to take on the north korea issue somehow in one form or another and we have seen in his tweets over the last few day basically throwing up his hands with china, hey, they tried, maybe we need to move on. Neil, we do get a lot of stamps traveling. We do have a little bit of lack of sleep, kim jong un front and center, we will send it back to you. Neil you do a remarkable job. Blake, thank you very much. Youre looking at the president , i believe this is when he arrived for that meeting with Angela Merkel. But, again, this could be a tense one because, of course, shes already demoned the fact that hes going his own way on the government accord taking the u. S. Out of it and trade issues, interesting comment she gave the german publication, while we are looking at the possibility of cooperation, globalization is seen by the american administration, ie, donald trump more of the process thats not about a winwin situation but about winners and losers, which is her way of saying, i dont know what to do with the guy. Not really, i want to see if you might have gotten drift at all. That could be a tense meeting. Obviously these are two major person powers leaders. They have to see ie eye to eye on issues and they dont see eye to eye. Virginia republican senator, congress, good to have you, we do get a sense from all parties that theyre nervous about what north korea is doing. If you think about it congressman even back to your navy seal days weve had this problem and long before with the north koreans continue to go sort of spit in the west and those that want it to slow down from this and they keep doing it, so what now . No question. Neil, its great to be with you as always. Yes, you have seen this over the past couple of days where you have seen weak action, some ib action as north korea has steadily marched toward having icbm and having Nuclear Weapon and be able to hit north america which is something in my opinion unacceptable for any president , democrat or republican for them to have it. I think that President Trump introduced the potential of force there when he ship steaming there which obviously helps and the condition tons ground there but brought china to the table. China hasnt been as cooperative. Lets be honest. Missiles shooting to the east and not to the west so they dont have an incentive. There are a couple of things you can do sanction wise, any bank doing business with north korea will be outside of system. Russia, one of the things mentioned today while speaking on contracts there to make sure that in Eastern Europe and potentially western europe dont have to rely only on one source, you can use energy, certainly as a Foreign Policy tool and i hope that they do that. Neil its interesting as we see Angela Merkel greet the president , theres a sense to your point, go after the ones that finance north korea and the president did target two largely Financial Institutions, we call them banks but they are not quite banks but i will call them Financial Institutions and the idea indirectly and in the directly, but isnt the real trick going to get not so much sanctions to increase on north korea but to increase on china . I think you have listen, i think youre right. You have to do things that make that make china and potentially russia engaged. As i said, the missiles are shooting to the east and not to the west. Thats something that geo politically they may be okay with unless it looks like theres going to be conflict and Korean Peninsula may destabilizize which is increasingly looking like that. Neil im sorry, sir, dont they worry about accidents . Its not as if the north door inteans have proven to be a master of the aiming no question. Neil something can go very bad here and could land on on someones land, even china. They must be concerned about how erratic and how wacky this is getting and how dangerous it is getting. Very dangerous. I believe theres a line in back channel. They are shooting to the east and not to the west. Gdp to north korea is very low compared how much they are spending on technology, somebody is funding that, of course. They have to worry about the escalation and the potential danger that could really, really destabilizize the Korean Peninsula and quite frankly around japan and south korea and allies, i know they are worried about it. As i said before, to me its unacceptable for them to have the ability to put a nuclear tip missile. Can you imagine, neil, if theyre shooting into the sea off of california as they do off the coast of japan, absolutely unacceptable for any president , for america to allow that to happen. So i think we we are getting in a dangerous territory here and it is important that the president when he speaks to our allies, the japanese and south koreans and then, of course, the president of china that hes very, very clear on not necessarily a red line, i get that he doesnt want to do that, but there has to be a very clear a very clear, i dont want to use red line but theres got to be clear indication of what you will not cross or what the koreans wont cross and therefore the chinese need help out, they need to be a part of this because it will be very impactful in a very bad way for the chinese too. Neil kim jong un has learned from his father and grandfather that the west can complain and bark orders and draw a line thats the problem. Neil thats the problem, right. Thats the problem. Thats the problem. Neil thank you very much. Good catching up with you. Thank you, neil. Neil meanwhile, its early in the trip and the president S Performance at poland is getting great reviews in the european press, polish press and powerful speech that he stands by nato and that the view if one member is attacked, all are attacked and the u. S. Will honor. The western examiners tom on all of this very early on and some of the more tense meetings begin, how do you think its going thus far . I think the first step of the speech in poland, the attendance of the summit, President Trump did a great job. He talked about western values. He didnt apply moral that president obama was doing and thats very positive. That speaks to the fact that proamerican sentiments are real. Today and tomorrow the hard work begins with foreign leaders who are perhaps pretty less disposed on the president. Neil im wondering how much that plays into the reluctance to deal with him on issues of trade, the president famous i will saying that germany is all full of trade and they take advantage of us, he said that about a number of other powers. Is that going to prevent progress in other areas or does it in a provers way sort of get europeans to act. Weve already seen that with nato countries that werent paying the minimum 2 to handle their defense obligations, goo many more have done just that, what do you think . Well, i think the first thing will be the british Prime Minister theresa may and President Trump will have a slight meeting in the vein of President Trump. They are desperate for a trade deal. President trump suggested that he would support that on a shorter timeline and so you may see an announce mint there. The important factor to consider as well is that chancellor merkel is very angry with President Trump. She doesnt like him, she doesnt trust him. She doesnt see the potential for alignment and yet beneath her president macron of france showing olive branch to the president. The president has been invited to attend bbestal. You may see Angela Merkel somewhat outnumbered. I dont buy the idea that President Trump is the boogie man that some have portrayed him to be. Neil well, that would be interesting. I did find that macron invite interesting as well because after the handshake i didnt think that he or President Trump will pick up the phone. Thank you, we shall see how that works. The president expected to be very firm. No handshake analysis there with Vladimir Putin tomorrow. But, you know, Vladimir Putin has been through this with a few u. S. President s and he has sized them up. We are told in oneonones he tends to be very quiet, listens a lot and doesnt say a lot but can quickly take the measure of a president or not and he has a few of this president s predecessors, what about the guy during the campaign he appeared to like . After this [radio alarm] julie is living with metastatic Breast Cancer, which is Breast Cancer that has spread to other parts of her body. Shes also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor positive her2 metastatic Breast Cancer as the first hormonal based therapy. Ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. And ibrance plus letrozole shrunk tumors in over half of these patients. 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. Julie calls it her new normal. Because a lot has changed, but a lot hasnt. Ask your doctor about ibrance, the numberoneprescribed, fdaapproved oral Combination Treatment for hr her2 mbc. I think it was russia and i think it could have been other people and other countries, it could have been a lot of people interfered. Barack obama when he was president found out about this in terms of if it were russia, found out about it in august. Now, the election was in november, thats a lot of time, he did nothing about it. They say he choked, well, i dont think he choked, i think what happened is he thought Hillary Clinton was going to win the election and he said, lets not do anything about it. Neil all right, you hear from President Trump in poland that the russians had a role in the election whether they acted alone is anyones guess but hes expected to relay his dissatisfaction with Vladimir Putin tomorrow. Hes already led that a lot of aggressive moves and threat to shoot any american plane that is try to do the same with syria and, of course, its not sitting well and the tension between the two has built while its necessarily not that of the same level of distressed and contempt that Vladimir Putin and barack obama finished. Its moving pretty close in that regard. This divides the notion that two of them are in cahoots or inclined to be nice with each other. Of course, Vladimir Putin i love how usaa gives me the peace of mind and the security just like the marines did. At one point, i did change to a Different Company with car insurance, and i was not happy with the customer service. We have switched back over and we feel like were back home now. The process through usaa is so effortless,. music plays throughout i will say that cnn has really taken it too seriously, and i think ive hurt themselves badly. Very, very badly. And what we want to see in the United States is beautiful, free, but honest neil what do you think of all of this . As you said, it was just a goof. It was something funny, and i think people need to lighten up. Come on. Why cant the president have a sense of humor . Why cant we all have a little bit of a sense of humor, not take everything so serious . Neil now, you know what this means, right . You people know when i do this, because its the Pro Wrestling thing and putting cnn over the head of the wrestler, but i have to do it again. Its a big wrestling story, brother, but is it a constitutional crisis . Okay. I got that out of my system here. Gaspo loves it when i do that. Hes back with us. First off, i want to say congratulations for getting the great jerry hawler. Neil he was phenomenal do you do you remember what e did neil at the time that looked real. Do you know professional wrestling is fake though . Yeah neil i had no idea. I had no idea that donald is a showman. [laughter] neil what is the controversy here . Cnn, in the case of this video, got and learned who did it. Right . And was going to reveal lets be real clear where the sort of storyline that led them to reveal or try to find out who did it, who did the video. The storyline was when donald trump retweeted this with cnns face, logo on it, it was an incitement against journalists. Im not saying i dont believe that. Neil it was stupid. It was over the top. Neil by the way, we have so many cases of real violence on the left against the right right. And as a civil libertarian, im saying to myself, you know, we know that people i mean, there was no 234hour news 24hour News Coverage when Charlie Manson did his evil. This doesnt incite violence, lots of things can. So thats the initial, i guess, source of the story. Because this made site violence on behalf, against reporters, lets find out whos behind it. What gave it a little more, i guess, juice for cnn or anybody is that allegedly the guy behind it wasnt exactly a model citizen on social media, we should say. Allegedly. He apparently posted some antisemitic stuff at least this is the storyline. I have not done my independent investigation. Neil right. I dont know this for a fact neil so they were dangling that over him. Well, no, this is how they premised doing the story. This guy does some unsavory stuff on social media. We should find out who he is. They found out who he is. The guy apologized, took his stuff down x they agreed not to publish his name. And then there was a little rejoinder in the story that was written by, i guess, i keep pronouncing the guys name wrong, alex kaczynski, i think his name is, where he said we reserve the right to and im paraphrasing a little bit to tell you who this guy is if he ever does this stuff again. Neil hence, the threat. I think thats over the top too. Neil right. The threats over the top. Criticizing cnn for that as a threat is over the top. The fact neil be that was a threat. It was a stupid threat, it was a childish threat. It was we hold this in our hip pocket if you try to do Something Like i think what they wanted to say, in their defense, listen, we didnt cut any deals with this guy. Neil well, if they have these great investigative powers, could they maybe look into the trump economic record, look into the yeah. I mean, yeah. Neil could you save it for the things you say the administration is not doing, rather than the stupid i agree. But, you know, in this reporters defense, he covers social media. Neil no doubt. But thats a threat, buddy. Thats a tony soprano thing. I would just say this, i wish they didnt do the story. Do you really care who this guy is . Neil no. But it was not an administration official, right . No, no. They pulled it from the guys reddit account. I didnt even know what that is before this came out. [laughter] reddits like a blog, apparently. I would say one thing, if i learned anything from this story, and like i said, i dont think it was a worthwhile story, its that the guy who was, had this did you catch his name, by the way . We probably shouldnt mention what his twitter, what his social media handle is, you know . It has the word rear end in it and but not using rear end. Neil one can just imagine. [laughter] and han solo. This guy, apparently, is a 48yearold man thats doing this stuff. Neil okay, well you know, it just shows you what social media neil heres the thing about the threat or the presumed threat to the media at a time we already know whether youre left or right on this, that the really violent acts weve seen, the hostile acts weve seen from a comedian holding up the head of donald trump, shakespeare in the park showing the killing caesarstyle of a donald trump character, all thats fine. Multiple berkeley protests over conservative speakers, all thats fine. That is a little hypocritical. Thats what im yeah, i mean, listen neil if youre talking about threats, real or imagined, those are real. None of those cases i mentioned are imagined. By the way, kind of a weird death fetish with trump, dont you think . Neil absolutely. Im a First Amendment protector. I wrote a column in the post where i said we should all get a grip on ourselves. I didnt have a problem with the shakespeare in the park. Okay, it was a dramatization. Neil sure. You should see what theyre going to do on you. Im sure. But there is a weird thing where these liberals have this blooddeath fetish neil well, a lot of it is woe is me. You know, calm down, all right . And im the first to say he tweets to go off topic, nutty, dont help him. But on this, we in the media, lets get over ourselves. I agree. Would you tweet something out with my face neil han solo . In a minute. Han solo. Neil you remember ralph . Hes upset. [laughter] ill talk the ralph. You cant go over on the time. [laughter] when we come back, ted cruz is making some noise here with fellow republicans on maybe a health care alternative that just might do the trick. Unfortunately, a lot of his colleagues hate him for it. After this. Neil all right. What happened to tesla, right . Wasnt too longing ago this stock was closing on 400 a share. Its down 18 since that alltime high on june 23rd. A lot of concerns about whether its new production models will be up to speed or with volvo getting into batteryoperated cars, whether thats a threat. Other automakers doing the same. Whatevers going on is still going on. All right, meanwhile, the Congressional Budget Office set to score ted cruzs obamacare fix. Now, this is the one that calls for openended premiums. In other words, you can get coverage that can mix and match your needs that you dont have to subscribe to the rules that are one size fits all with obamacare and get covered for everything that isnt important to you. Its meant to entice younger workers, younger americans in general to sign up for this at a cheaper price and have more people sign up period. The trouble is that not everyone in leadership is flipping over this because its such a departure from the Republican Senate measure thats out there already. That would include Mitch Mcconnell who seems to be once again at loggerheads with the guy who had just a few years ago called him a liar. To douglas holtzeakin, the former cbo director during the george w. Bush administration. Doug, theres so much going on here, i dont have time necessarily to get into the politics of it. [laughter] but on the surface, the idea of, you know, allowing people to pick and choose the kind of plan they want and the kind of things they want not a one size fits all would seem to be a very republican idea. So whats the problem here . I think the problem is mostly the fact that theyre trying to do this in socalled reconciliation, and the handcuffs that those special procedures put on them make it the case that while you can create these rules for people who are not on obamacare exchanges, you have to also sell policies that comply with the obamacare rules on the exchanges. What thatll probably do is split the pool into two pieces; a piece that will buy these nice new policies. Theyll be cheap, theyll be the young invincibles. But left behind will be the older, sicker workers paying very high premiums on the exchanges, and thats the downside. Because you cant do it for everybody. Neil all right. A lot of people separately score this, so obviously that means it could have some potential traction, but if it fails, i would imagine theyre back to repeal and replace later. Is that right . I dont think theyre going to go back there. Neil really . Remember, that was the original plan neil absolutely. Thats what mcconnell had in mind. The president said, no, no, we cant do that neil do you think if they had done that, they could have gotten a lot of this out of the way, the drama of it sure. Neil they missed an opportunity . I think they missed an opportunity, no question about it. They started out with one strategy, switched in midstream, and theyve had trouble ever since. And you can see it. So now theyre looking for a Silver Bullet late in the game, and quite frankly, i dont think there is one, neil. Theres not a provision you can write thats going to unite republicans in the senate. Theyre simply going to have to decide whether they can unify for purposes of passing a bill, advancing the president s agenda and going on to things they want to do like tax reform. Neil all right. I know youre a numbers cruncher, and i think youve dold me the cbo told me the cbo is only as good as the numbers it gets. Its the only game in town, and its taking variables that could change. Its numbers in, variables out; numbers out, variables out. Having said that, the view seems to be that fewer americans are going to have Health Insurance ten years from now on the republican plan than would be the case with the Affordable Care act. Now, that didnt shock me insofar as if you take away the mandate or the demand, the requirement that you have to have insurance, naturally, a lot of young people are going to opt out. What it also leaves out is still more people than today are going to have insurance, just not as many as if you stuck to the Affordable Care act. Right. Neil how is it that democrats have gotten the advantage of this argument . I think the key is the democrats always want to have the battle be about coverage. Neil right. They have proven with obamacare itself they will write infinite amounts of taxpayerfinanced checks neil all the the republican plans, deficits shrink, costs shrink. Theyre not ideal, but thats ignored. Its all about those who have coverage, isnt it . Yes. And if you look at the republican plans, what do they do . They take the opposite approach of obamacare. A, they get rid of taxes and regulations so the economy is stronger, not weaker. B, they make the deficit smaller so the debt problem begins to get addressed. And, c, instead of creating new entitlements and adding to old ones. But all this is, is a numbers battle. Neil on the tax cut thing, theres a camp in the Republican Party that says make them big, make them significant, a lot of bang for the buck. Youll lose revenue in the near term. Deficits, debt could get worse, but the money will come pouring in later on. Are you in that camp or in the deficitneutral, revenueneutral, whatever, budgetneutral camp . I think we know from all the evidence that permanent tax reform is more powerful than a temporary one. So im in the case in the camp of permanent. And if it takes revenue neutrality to make it permanent, i think they should go for that. They should dynamically score it, they should do it in a principled way. But they really want to get a big reform that gives powerful incentives to invest and innovate and employ people in the United States. Thats the number one priority this year in the congress. Neil you could interpret that to mean if its revenueneutral or whatever, even if it is under the guise of tax reform itself, revenueneutral by definition will not be a big tax cut. Right . It depends on how you do it. You and i both know you need the growth, so you do the dynamic scoring. A traditional, static way of doing it itll look like a tax cut, but because the revenue comes in, it can be treated as revenueneutral under the rules. If you look, for example, at the house plan, thats a big tax cut for people. Theres a big middle class tax cut, a big increase in the standard deduction, and its a very powerful proinvestment reform on the business side. Its those kinds of combinations i think they need to be effective. Neil doug, i always learn a lot having you on. Very good seeing you. Thank you again, my friend. That guy is a genius, my friends, whether you agree or disagree. Just the numbers. Always the math. In the meantime, on numbers and the math be, wall street now doing a little bit better than it had been but still down, again, on growing concerns and then enter someone like a mark zucker or burg who says forget about these people on wall street, we have an obligation to pay people a minimum salary, an income to give them a start. All people a start. But he likens it to what they do in alaska, Something Special they do in alaska. And ill give you a hint after this. Neil all right, you ever get the feeling united must be close to considering taking everyones smartphone away . Yet another incident, and you guessed it, caught on a lot of smartphones. Tracy haskell with the latest. Reporter hey, neil. A mother from hawaii said what happened to her son was unsafe, uncomfortable and unfair. Check out these pictures taken by shirley of her 2yearold son. Thats a 5pound toddler forced to 25pound toddler forced to sit on her lap. United requires children over the age of 2 to have their own tickets and occupy their own seats which this little boy did, but the airline gave his seat away to a standby passenger. The woman says she paid 1,000 for the ticket and tried to tell a Flight Attendant about the mixup but was told nothing could be done because it was a full flight. Not wanting to cause a scene or worse, instigate an incident like this in april, she sat her son on her lap and kept quiet until she reached boston. A united spokesperson says the little boys boarding pass wasnt scanned properly at the gate, and as a result, his ticket appeared not to be checked in and was given away to another customerment united says, quote we deeply apologize for this experience. We are refunding their tickets and providing compensation as a goodwill gesture. We are also working with our employees to prevent this from happening again. Shirley says she isnt sure if shell fly united again and, neil, you really cant blame her. Neil this company cannot get out of its own way. Reporter no. Neil its just incredible. Tracy, thank you very much. Meanwhile, Mark Zuckerberg, worth 60 billion cool, says that maybe there should be, like, a basic income. In other words, you get out of school, the government or somebody provide you some money to give you sort of a jumpup, a liftup in life. And he likens it to what they do in alaska in this sort of bonus fund that they have for every resident of alaska thats really built on oil revenues. So its not a tax, its not something that comes from the government, per se, but something that Oil Companies pay into in the state and then is shared with everybody in that state. To the key reviews deneen borelli, democratic strategist robin [inaudible] deneen, what do you think of this idea . Its ridiculous, neil. Neil, i speak at a lot of events around the country, and one of the things i tell the attendees is that our country does not guarantee you success, but liberty guarantees you the opportunity to succeed. And that is what it comes down to; individual liberty, personal responsibility. Americans able to pursue their hopes and dreams and whatever wants and needs that they desire on their own dime and their own time. Its not the governments role to provide americans with their wants and needs. Neil all right. But in this case i think what hes trying to say, or maybe clarify here, robin, is it wouldnt be the government doing this, it wouldnt be a tax doing this, it would be some sort of a revenue. Of course, on a much grander scale than what goes on in alaska which, of course, benefits from the Oil Companies and all the stuff going on there. I think average residents get a check of 1,000, maybe a little more. But everyone shares in that. Hes talking about far bigger figures. 1,000 isnt going to get you past, you know, the fist month you have i to work the first month you have to work. What do you make of that. That is exactly whats going on. Alaskas got a population of 742,000. I live here in georgia, weve got over 11 million. So that 1,000 is not going to do a lot to change peoples lives. And frankly, this idea you know, i appreciate Mark Zuckerberg because he thinks out of the box. I will assert that americans want us to try and Work Together to actually get something done. But i think this is, frankly, a terrible idea. If you think this is going to work, frankly, i think you should go ahead and respond to that email from the nigerian prince that says hes got 10 million for you if you give him his Social Security and bank routeing number. Neil you know, he never got back to me . I couldnt believe that. [laughter] deneen, the concept he was saying is something that other very successful guys have hearkened back to when they had a net worth that supported a network that supported them. It could be welltodo parents, we all had structures built in to help people early on and thats just taking it one step further. What do you make of that . Well, sure. If he wants to write a check to people, listen, he has the resources to do so. But it shouldnt be something that is forced, neil, and it should be something that is, perhaps, voluntarily if somebody wants to do it. But for neil would you be anti what they do in alaska, deneen, with these 1,000 checks that the Oil Companies pay . Its not a government thing yeah. No, i understand that. Thats their choice with whats going on in alaska. Neil they, to do business in alaska, thats a requirement, they give money into this fund. Well, then thats Wealth Redistribution neil i gotcha. My view, so i dont agree with that. Neil robin, your thoughts on that. Still i think its a terrible idea. The greater issue right now is a livable wage. The minimum wage right now is 7. 25. 1,000 a year, like you said, neil, i dont think thats going to make enough of a difference in peoples lives. Weve got to focus on the real issues, and this is a bad idea for democrats specifically. Neil both of your Facebook Accounts went down and twitter. [laughter] neil thank you both very much. Meanwhile, President Trump, besides that meeting with Angela Merkel, hell be having a big security dinner with the leaders of south korea and japan. What do you think those leaders are worried about . After this. I had frequent heartburn, but my doctor recommended. Prilosec otc 7 years ago, 5 years ago, last week. Just 1 pill each morning, 24 hours and zero heartburn. Its been the number 1 doctor recommended brand for 10. Straight years, and its still recommended today. Use as directed. Neil all right. After meeting with german leader Angela Merkel. President trump schedule to meet with leaders of south korea and maybe time to deal with china. Years before the president even ran for president , even thought about being president , he did use a lot about china for as long as i had known him including going back to the 2011 interview on fox news. He was saying china was the biggest problem on this planet. Take a look. Lets say you were to become president and they own all this debt, would you tell them to screw off . Its a tinny amount of money. Its less than a trillion dollars. That sounds like a lot of money to people. Thats a tinny fraction of what we are dealing with respect to the economics of the world, worldwide economics. Neil what if President Trump, said, you know what, cowboy, we are out of here. Neil, we have all the cards. Neil is that the strategy hell be taking with chinese leader, maybe they would string us along, are there fears that whatever we do, china responds and get a trade war deal. This could be a key opportunity for the president to show case negotiating skills. North korea is only pal in the region and they finance a lot of things. The president went after two Financial Institutions that fund those efforts but he has to do a lot more and china is the way to do it, what do you think . I think youre right. I think the president is right. We hold all the cards. I mean, north korea is the largest trading partner is china. We do 578 billion a year with china and i think the opportunity here is great, neil, because of the go 20 meeting is a financial meeting, donald trump is a negotiator. If you notice, hes backed off to talk about the tariffs and manipulation of currencies and stuff because he wants to sit down with xi and say, hey, look, we have a lot of stake at here, 870 miles of border with north korea, if you cut this guy overnight, if you have a refugee problem, we have to go about it the right way, even ask mr. Putins input on this and squeeze this guy down where he behaves and i happen to believe that donald trump is absolutely right. A trillion dollars when you talk about the 20 trillion worth of debt, 130 trillion, 230 trillion worldwide, neil neil right. This is the most important part. China is in trouble economically. They have a 250 debt gdp rate right now with 166 billion of that being in corporate debt. They can ill afford any hiccups in the economy right now. Every time this crazy guys sends off a missile, look what happens to the market. Do you think that that alone and the reality would hit home. The only thing that gives me room the chinese or cut them slack, what if they cant, because logic will tell you they would be worried about whats going on in their neighborhood and worried about the clear reality that a donald trump unlike his predecessors will follow up, hes already going after these two chinese banks, so hes already implementing what he threatened he would. Ive given you enough time to deal with this. You tried to do your rest and didnt deliver on the goods. Maybe im flipping it to give china the benefit of the doubt, that they cant control this guy, hes a nut case. Youre absolutely right. If they cut off the food, kim jong un will allow people to starve. Kim does not care about his people and china understands that. Thats why if you have a leader like donald trump who says, im going to lead from the front, im going to lay this predicate down. I need you to back me up and putin to back me up. Maybe we need a regime change. No one wants to hear the rhetoric, neil, that may be thats going to take, a leader that willing to starve his people by meeting ends, you cant deal by cutting off coal exports, any other things that we attempted to do, maybe time for a tough guy to lay a tough line and hold it and make sure its in the process. Neil all right, we are going to go ahead and, you know, penalize economic for stuff you do, maybe drop tariffs on you, shun you in the global trade deals, they can come back and say we will buy less u. S. Debts, but this they start selling that or the fear, you know, selloff, skyrocketing Interest Rates materializes, but this president calls their bluff, are we willing to endure the country the prospects of more expensive goods and possibly higher Interest Rates as a result of getting tough on china . I believe the answer is yes because i happen to believe that higher prices in america, ie, inflation, and a higher Interest Rate so people have a return on their money will actually attract a lot of money to america, will create a little bit of inflation which will cause housing to go up and i dont think that will be a bad thing for america. If you remember, the big monster in the room under bernanke was deflation and why should we be worried about inflation . Xi is a smart guy. Neil he also thinks that donald trump isnt going to do anything. This is where i disagree with you. Neil, i believe donald trump is not going to go in there with a giant stick, hes going to go in there with a stick and a carrot, come on, for your country to survive, we have to get world consumption back on track. Its been off track since 2008. We have to get household con summing consumption back on track. We can do this together but we have to get rid of this irritant called kim jong un which is creating uncertainty. Hes not going to do it or im going to punch its not going to be a twitter fight. Neil craig smith, very good seeing you, my friend. Thank you. Good seeing you, neil. Neil meanwhile the president has a lot of confrontations to look forward. Thats the warmup act, the big one will be with Vladimir Putin tomorrow. Adam shapiro on whats on that agenda, adam. Hey, neil, he met with the leaders from Baltic States at the baltic and countries that border those seas, he was not only reiterating the u. S. Support for nato and its commitment to nato but also sending a message to the russians and Vladimir Putin. Now, he will be meeting with Vladimir Putin tomorrow in germany and, of course, mr. Putin, is expecting that meeting, he has published oped in a german newspaper in which he cite criticizes the United States and points out that russia is more than happy to comply with the climate accord and the United States is leaving the climate accord. The big question is what the president say to Vladimir Putin with syria still in place and north korea. Sebastian. These days families want to be connected 24 7. Thats why at comcast were continuing to make our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Neil all right, real quick, tech stocks right now, the general markets in downdraft, once again tech stocks all of this much to do about what is slow growth but steady growth, reliable growth. Everyone, calm down. I think the fed is very much excited to begin that process of tapering reinvestment but also very squishy but they do want to see the evolution of the data in the second half of the year. Neil we know it when they are doing it whether they are announcing it or not. We know they are you positive to something . We will absolutely know and want to be transparent to the market but very likely that even if they do continue to raise rates at slow moderate level addressing the Balance Sheet could be pushed out to 2018 or beyond. If they are concerned that the market is going to have adverse effect or we see undo volatility. The data is starting to move away from if fed target and inflation is slowing and addresses justification. I dont know if it is. We are stuck, we are mired in 1. 5. Corporate earnings arent slowing. We had pretty good corporate earnings. Im just saying that excuse me . I would just be real careful about the apocalyptic notion of the markets right now because if you have sort very low inflation, if you have slow but modest growth, if you have corporate earnings that, you know, come in decently and you have low Interest Rates, well, generally you buy stock. Neil this leaves out all black swan developments. A mug scheme for you, if you dont mind, carol. Where would we be right now if the Federal Reserve not been buying so many treasury notes and bonds to prompt this, if the fed had never gotten involved to the degree it did, where do you think we would be . I dont know if we would be in a different place today but we essential would have gotten here more quickly and so perhaps, you know, just speculating that the fact that that drove more quickly and drove early on that that would be more growth in the future. They have two different mechanisms, they can either sell securities or as securities mature, they cannot reinvest that money and, again, this is a big experiment, theres no benchmark for 4. 5 trillion and this grand experiment and we know that the fed has not been good at forecasting inflation, in forecasting growth and forecasting anything. The fact that they think that they understand what this is going to mean for inflation, we should be a little bit concerned about that. Charlie remember why they did it . They did it to save the banking system. Neil Ben Bernankes big fear. Thats initially, they didnt have to go on neil bottom line they did it and now they have to undo it and that could be the wrinkle here. Guys, i want to thank you all very much. I dont know if you guys are boxing fans but Manny Paquiao lost a fight that he shouldnt have lost. He lost to an australian, i dont know if that means that a rematch is on. Im told from a guy who arranged it that it is, we will ask him, the bob arum, legendary boxing promoter is here i wanted to know where my family came from. I did my ancestrydna. The most shocking result was that im 26 native american. I had no idea. Its opened up a whole new world for me. Neil all right, who knew that australia boxer jeff horn would be the one saying good day, mate . Iconic figure in boxing and the guy who put on this fight among many that he has, bob arum, bob, very good to have you, welcome. Thanks for having me, neil. Neil you know, what happened here . Manny paquiao, i thought this was going to be a layup for him and he ends up losing by decision and many people seen the fight and say they argue the decision but you had said, you could argue either way and maybe had distractions, hes an elected official back in his home country of the philippines, but the fact of the matter he wasnt bringing agame, is there going to be a rematch . Well, thats going to be up to manny. We have a clause in the contract guarantying a rematch but manny has a lot of duties as senator in the philippines. He has to train while he goes to Senate Sessions unlike some of our senators. He has never missed a session of the philippines senate, theres only 24 senators. They do the work of the country, so if he can balance his senatorial duties with preparing for a boxing match, sure, theyll be a rematch, but thats up to manny. Neil are you surprise that had this got lost in all of the commitment around this upcoming fight between floyd maywetter and connor mcgregor, challenging each other, its actually, you know, big as when you got muhammad ali with antonio back in 1976, right . Well, im not surprised because espn showed the fight between Manny Paquiao and jeff horne on television, on espn, the ratings were absolutely mammoth, which really didnt surprise me because espn talked about the fight before it was shown and indeed, after the fight at 1 00 a. M. In the morning on Sports Center they did 1. 8 million people, watched the Sports Center. Neil is that right . The numbers are off the charts people ordering this thing because its so unusual, how do you think its going to go, youre not a fan of it, why not . Well, you know, floyd maywetter maywetter great boxer, its a different sport. Its A Lebron James fighting for heavy weight championship of the world. He wouldnt have a chance. Its a different sport. Neil he has to essentially box . Thats why its not a real context and people have to pay a lot of money to watch it and last saturday night they saw a great battle between paquiao and horne for free. Neil if mcgregor does well, or even okay, or even two the go the distance, ultimate fighter guy took him out . Well, thats like if, if in my opinion. [laughter] mcgregor wont hit him in the behind. Neil you can believe one thing and youll see something new in this fight, hes talking about his son. He hes going to show you something. Is that a sign that maybe mayweather is going to do ultimate fighting stuff, he cant . Mayweather is going to knock him out. Mayweather is a defensive fighter who doesnt throw a lot of punches. He defends himself, extremely great athlete but mayweather is going to show superiority and knock mcgregor out. Neil expectations like that, it had been so many years when muhammad ali fought japanese wrestler, didnt that go the full distance and end up kicking ali for the 15th rounds but could have been a disaster. Neil, it was a disaster. I promoted that crazy event and there were no rules, flop on his behind as soon as the bell rang. Neil why did ali agree to it . From for the money, he got a lot of money from the japanese. They asked me if i would promote the fight because i was alis promotor and i was scheduled to promote the third fight with ken norton and i undertook the stupid task of promoting this ali fight. Neil i think mcgregor is that kind of fight today. Well, it may very well be. I dont like to really talk badly about somebody elses fight but i can talk about my fight, ali, it was a disgrace. Neil i do know when ali passed away that encounter was not one of the highlights they went over. Let me ask you about the state of boxing today. We chat about this before. I think what confuses boxing today we have so many champions in each division and we have a lot of divisions and, you know, we have so many theres not one guy anymore like there used to be and hurt the sport that the people lost interest, what do you say . Neil, to some extent that is correct but to a greater extent, boxing has been shown virtually completely in the United States in Premium Television whether its hbo, showtime and that by very nature gives boxing a very limited audience. Now with espn coming on board, boxing will be shown to the public on a basis that everybody will be able to see it, theyll be an appropriate buildup before the event, theyll be talk about it on Sports Center, after the event, it will be packaged by espn the way they package fcc football. I think the best is yet to come. Neil, our ratings among the desired economic Demographic Group 18 to 49 on saturday night was immense. Almost half or a little bit more than half of the people watching were in that Demographic Group. Neil thats good. You know my prediction, i play one on tv and read prompter, i think mcgregor is going to beat mayweather and im only saying that could be a problem for boxing because an ultimate fighter beats a fighter at his game even though this boxer is 40 years old, that could be a real bad moment for boxing, what do you think . There is no way that mcgregor can beat a floyd mayweather. Neil oh, really . We will see. We will see. Yeah. Thats what makes a lot of people didnt think that jeff horne was competitive with Manny Paquiao and they saw something different. Neil doing it in australia was the first tipoff. Big hoopla they are making over President Trump video that has cnn logo over a wrestlers face, what did you think of that . I thought it was inappropriate for a president to do Something Like that but im not a trump fan. I know im on fox business and i respect your political views and the people neil no. Hes not a fan of mine. He doesnt do this show. You didnt like it . All right. I didnt like it, no. Neil you should hear what he says about you. He doesnt say very good things about me but i take that as a complement. Neil thats a whole other interview at a whole other time. Thank you very much, thank you. Nice to be with you, neil. Neil same here. We will be looking for that rematch. All right, in the meantime, there is a little bit of sort of boxing intrigue. We had Angela Merkel. We have a lot of stuff going on and its getting intense, rather everybody has to know this, europe must do more. Europe must demonstrate that it believes in its future by investing its money to secure their future. Neil all right, the last time President Trump was saying in first european trip european leaders were chuckling here that very few of them pay minimum of 2 and sure enough, at least half of dozen additional countries have managed to pony up that dose since he last said that, so something must be working. Jim mattis saying at the pentagon that he does not look at this latest north korean icbm launch as bringing us closer to war in and of itself. The read on all page developments with former u. S. Spokesperson rick and former Deputy Assistant to president bush blake berman i will get it right. I apologize for that, brad. Its been one of those days. Ive never been so insulted. Neil i cannot blame you. One of the things that i look at when i get the response, they want to detensefy situation with north korea, agree on appropriate response, and last certainly not least with china on the same thing. Behind the scenes it seems to be fairly frantic efforts, what do you say about that . We all have to have hang together and have to talk to friends and let them know that there are problems. They werent ponying up contributions like they agreed to. Donald trump called them out on it and they appear to be acting in a better way than even obama neil not all of them. In addition, hes talking to them about Climate Change and we got out of the paris accord, why . Because it wasnt in the interest of the United States and certainly was not in the interest of the alliance. Fact that donald trump is willing to take them on friend and foe alike is important, big difference than the apology and appeasement that went on in the last eight years. Neil do you think that the president , hes relaying, happy to start the tour in poland where hes very popular, a country thats in sync with us and i get the feeling he doesnt care what the german leader things, con that might be the difference right there, what do you think . I dont know. I think he does care. I think theres a difference neil brad, where do you see this going . This trip wrapping up. The outside noise, a very real noise. Whats going on in north korea . Obviously, theres growing trade tension. How do you see it wrapping up . Well, what i see is President Trump making a new start with the russians, and this is a first meeting. Nothing dramatic is going to come from it. But if a relationship starts by which we can have a cooperative relationship. Were not going to be friends any time soon. But there are a lot of things of mutual interest like syria. We need a twostate solution to syria, not meaning division, necessarily within the country, but russia and the United States being cooperative. We need russias help with china in the situation in north korea. Neil do you think china will help . Will budge . Because, you know, obviously patience is running thin that theyre not moving fast enough. Do you think they will make progress there . Yes. I think that we will because the chinese are going to be brought up short by this president. Theres a lot of things we can do to put pressure on china. But youre confident that something can be done. Rick, you share that . Im a big fan of International Sanctions, however, in this particular situation, we dont need International Sanctions as much as we need unilateral banking situations. And thats a big if because its not without pain, as you know, neil. Neil thank you, guys, very much. And, brad, my apologies again. I will never do that again. Rick, with you, its a distinct possibility. We have more after this, including google and the eu. After this approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive, but now is a good time to get the ball rolling. Keep in mind, medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by Unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans, they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. 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Call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. Go long™. Neil cobble together this budget and all of this other stuff, and they dont get one reward for it, at least for the financial community. Jeff flock in chicago with the latest on that. Jeff, whats going on here . Well, the moodies, a lot of republicans were saying were going to vote for this anyway and defy the governor because if we dont, moodies and other agencies say they will downgrade our debt. Well, they may downgrade it anyway. Take a look at a message yesterday. Review process is going to kick in, and theyre going to address the likelihood of further deterioration in illinois most pressing credit challenges. The severely underfunded pension in a backlog of bills, which has doubled in the past year. They say also moodys tax collection in 2017 may bring in much less revenue than anticipated in the coming months. Curiously, governor yesterday said dont listening to the generating agencies. Dont listening to wall street, if thats whats making you vote for the budget. Today, he might have a different tune. Listen to what he said yesterday. What weve got to do is whats right for the people of illinois. Weve got to have families, homeowners, Small Business owners have got to be first. We have to listen to them. Listen to them. Dont listen to some wall street firm. Thats not what matters. Dont listen to wall street. Today, maybe listen to wall street. He doesnt want his budget to be overwritten, his veto to be overwritten. But take a look at the numbers, neil. Heres how it went down in the house last time they voted. Republicans, 15 of them voted for the budget, along with the democrats. If they all hold together, his veto will be overridden. They have to get to 70 votes. I leave you with a quote from somebodys facebook page, republican legislatures in some ways even being threatened out there. Youre selling your soul to the devil, one guy. Im coming for you. Another person said youre going to be hanging from a tree if you vote for this budget. They reconvened in about half an hour, and well see who was with the governor, whos not, and whether they get the budget or not. Neil incredible. Everyone has to calm down. Jeff, thank you very, very much. Jeff flock. Meanwhile, no calming down on the pylon for google parent alphabet here. Now were going above. 7 billion. Maybe doubling it. Maybe more. I mean, imagine. Google drawing yet another fine from the European Commission at issue here more antitrust concerns and specifically, does the company limit access to what we call google play . So thats where people go to buy the apps, buy the games, they say that handset makers should have access to that, even though theyre not using the Google Search tool on their phones. They want that the Company Wants it passed into the package. So youve seen this before. Microsoft had to unbundle in europe and now another 3 billion, you know, small change for this company. Neil where did they get the demand for doubling it, though . Thats a great question i cant answer. Maybe they set the standard. It was 2. 7 before, maybe we can get more now. Neil gerri, i have you here on these health carerelated issues but because youre an expert on these. Ted cruz has a plan that people should pay based on the insurance they need or want. You wouldnt have to pay onesizefitsall. A young person who has been through what youve been through would be happy to pay bear bones coverage, in other words, recognize the fact that one size doesnt fit all. Some people see that as a middle ground. What do you think . Well, okay. The downside to that is older, sicker people would have to pay more. The upside of that is you would get younger people into the marketplace. And lets face it, preobamacare, thats what we had; right . There were options in states. They typically had offerings on tap that people could go to get some kind of coverage. And typically it wasnt a laundry list of potential things to buy for. So at the end of the day, i think youre going to have to start offering some sort of options to get younger people in. I just dont really see a way around it. Neil interesting. Gerri, you feeling well . Feeling good. Neil incredible. She has not whined, she has not complained one day. I hate that quality. Well have more after this neil all right. Well, world summits tend to bring on the protesters, and this g20 gathering doing just that to the left of your screen right now. That is a live shot of whats happening. A lot of protesters converging on that, and a lot of them talking about the things that the Global Community has not done enough to fight for the rights of the poor. You know this drill. This is something that typically happens at these venues. But it got pretty violent a few moments ago and on the right of your screen, as the police took the baton to try to get them out of the way of where these leaders are converging. Now, this were told is not immediately in front of the venue that donald trump is using when he had his meeting with Angela Merkel and will be gathering with other world leaders, but it is close enough. This has happened at a number of events. The world bank events, imf events, g20 events like this where there is a global stage, there are global protesters. Some of this is getting pretty rocky. We hope it just stays relatively calm. Trish regan to take you through that with a market thats kind of going nowhere fast. Trish thanks so much, neil. Yes, it would not be a g20 meeting without these protesters; right . These, however, have turned a bit violent, and we have video coming into us moments ago. You see protesters clashing with police there as President Trump with leaders in japan and protesters of course it was a similar protest that they have at a lot of these summits and that they are protesting globalism. I can remember being at g8 in germany, actually, when you had a lot of these protests breaking out. The difference, however, in most of these is that they dont turn quite as violent. The concern here with this one is that the pictures have just come into us from hamburg, germany is that protesters are more violent than what you would typically see, so you see the police trying to get them to back off, and theyre