Transcripts For FBC Cavuto Coast To Coast 20170714

The president who has been phone calling and speaking to senators who are on the fence. Lets start first with the president s tweet this morning. He said in a tweet tweet republican senators are working hard to get their failed obama care there failed obama care replacement approved i will be at my desk pen in hand. You also tweeted that theyre working hard those senators who might be on the fence to buy in to the revisions to the better care recreation act. That has brought some of the moderates in because it doesnt provide for cheaper insurance plans. Heres what Lindsey Graham said about it. The new idea is much better. It repeals the employer mandate. His provision is a good one. There are still concerns about the bill. Here is what i hope we can do as republicans. You are ready had two a senators who are essentially say no to even letting the bill go to the four go to the floor and the debate. They can only lose one more senator. But dean heller from nevada seems to be the key and all of this. Can they win him. Can you get him to guess what he faces a tough reelection in the future and hes concerned about what are some of the potential cuts in medicaid. And john hoban from north to dakota they dakota they were all in a meeting yesterday trying to figure out how they can get those senators to guess if they cant get all of them to guess thank you very much. Adam shapiro on the floor with us right now. The republican senator tim scott. I hope you are doing well. On this measure that you know of it how do you feel. I think we have made significant improvements in three major categories. It will preserve and save medicaid. You can choose to head insurance or not because of the end of the individual in mandate. It estimates that if 30 drop in premium as our plan kicks in in 2020. There are things very attractive in the bill but as you know we are one vote away from the straw that breaks the camels back. Even to consider how to improve the existing form of the belt. Now what ever concessions as you know better than i were made to win over moderates. There are enough moderates still annoyed at that theyre not coming on board. The fact that some of the taxes. The upper investment on income. Who earn over 25,000. That chase. What you say. There is no doubt that those two taxes that you just described our worth 240 billion that should never been a part of that in the beginning the question is do you tackle that now. In other words you are telling those who arec leery about that we will address that with the tax reform measure. And then have a conversation and then hopefully tax reform now includes dealing with those taxes that we have not dealt with in the health care bill. What is interesting about that is the moderates that might signup because the funding that you get from keeping those taxes in place. Its what keeps the extra money for medicare and there. If you take that all the way there. Youre going to pull the rug out from under me. The tax reform tactics that we must get past the finish line is something that will bring more revenues to the government because of the dynamic growth. If we believe in the curve and the lower taxes. The higher incomes and more jobs than we can bet on our economy. If we fail at this objective of replacing obamacare with something that is durable we will have failed on a very important responsibility. Ensuring that the average american has access to healthcare if they wanted. And having an America First approach to healthcare that disentangled us from government centric approach is incredibly important. The Health Insurance mark as market as we know it. If this doesnt work or you dont come to an agreement. Enough senators are still not satisfied the move onto tax cuts after this. There are two things i think we ought to keep in the back of her mind. Either you are voting to continue obamacare or you are voting for the alternative. If you vote no they are ensuring that it continues for some time that we will not be happy about. The worst part of obamacare is the individual market. There will be a move from right and left to cobble together reform that will address some of the challenges in the individual market which means that we will be putting time, energy and money back into a formula that does not work called obamacare. If we fail here we come right back in my opinion to the healthcare conversation and we do that in a bipartisan fashion with Democrats Holding the ace. Your neck in a give up on it until you get something done on your own. Before you even tackle tax cuts. I am very certain. Spending a few years in the Insurance Industry that if all of the markets are collapsing there will be a major push from congress to fix that. I think so. Has a long game. We must turn to tax reform. There is over half of Million Dollars in corporate revenue in 2008. We are losing revenues whether or not we get tax reform done and they will accelerate. With defined not a panacea by a formula but a formula that reduces the likelihood of inversion in order to be successful. I am not heard that before. Two former new york republican senators say that. What do you make of this bartering back and forth it means that whatever guarantees worst to belated now can essentially be rescinded later. The taxes that remain in effect now can be removed in the tax reform. I totally agree with you. Tim scott has impressed me for a long time now. That is probably the best republican senator interview that ive heard thus far on the healthcare bill realizing how important it is to make sure that people dont have things taken away. Just important things that we want to make sure that our lower income americans have. I think the smart democrats are starting to talk about as well. Im grieving freely. I thought it was incredibly interesting but Mitch Mcconnell has been playing a game with this has happening now and it can go wait later. The medicaid cuts for the more centric moderate politicians this may not even go into effect. The problem is i dont think the American People are going to buy that. I think its too dangerous an argument for them right now. And also the ones you are trying to win over. Whatever you do to get those votes they could be dissuaded to think. The politics are complex and this is baked was baked into the cake of obamacare. Some of the millions of americans would end up needing medicaid because we have an economy that was slow. I dont know if they pounced on it enough. c the medicaid enrollments went way up. They never went down. We havent really been able to revive the economy to the point that we can put these together. My view on this is that when you get a Government Program and talk about trimming the growth. It becomes political. Giving them opportunity. The democrats are very pro opportunity. We want everyone to get back to work. Im not popular with the left wing in my party anyway. At least 35. It is a particularly difficult circumstance. That is a problem. Anytime we put government in charge of these programs it would be inefficient ineffective and relative. What if they feel at this. And senator schumer who is very unlike jessica would get things done. They have the home process. And the democratic majority in the senate is never going to give the votes needed. Im not at all sure. It could be done they will have to look at breaking the filibuster. They have to break this. Ive been reading really interesting pieces about how important their to be in all of this. He is leaning hard on dean heller about this. You have the far right. The politics and principal. We have a lot of senators up in the state who need to get something done. I think senator schumer is counting on obama care owing to ground. And the republicans been republicans being blamed to it because they already are. Into the Affordable Care act. I want to thank you both very much. The big anchor is enough. Ive have it with this. The real problem is this gridlock and the inability of the two sides to come together and get anything done. He was particularly critical of republicans who are ruining things. Not so much the world but the bankers. You always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. We have it up about a little bit. We are looking at a little bit of the banks. A lot of these guys had been reporting these numbers and kicking off today. They were all up better than better than expected today. What troubled us is the socalled guidance. Where they see things going in the future and their they kind of surprised the inlets by saying you know what, were not so keen on the feature. And jamie diamond for example. Partly blaming washington. There would be much stronger growth if there were more intelligent decisions. I cannot repeat them. I have a standards here. Two gentlemen of course never ever use bad words. What he is sane as i could be looking at a much Better Future we could be looking at a much Better Future if these guys got their act together. I think its more of a lesson for washington. Hey guys. Said to me. A guy has a greats age. When you dig into these earnings they are actually stellar in my book. Not only are they relatively cheap talk about the stocks collectively but they are growing and ps there has been zero change to regulation and these banks are already booming. I have a conservative outlook. And to keep my expectations under control. Push some of these reforms through. I like the sector here. He made a lot of good points. They are actually why the market wont go up will go up a lot more from these levels. Without the with out the things that hes talking about. But he is indirectly said you will not have a collapse because we dont get those things because we are in a Strong Enough economy that is still not Strong Enough to drive Interest Rates higher. You saw the text tech stocks coming back. That is what he is concerned about. Nursing shortterm rates go up. There is not enough growth to make longterm rates go up. They get to a flat yield curve. Thats what it looks great now and it might not in a year from now. One of the things that came through. That was actually a bit of a downer for some of these guys. So whatever strength they experienced did not come from mortgage lending. It wouldve been the case. Is that telegraphing some basic economic troubles. We have seen and some other data that has come out that will telegraphing something. The Housing Market is sort of an unique situation right now. Inventories are really low. Theres not many transactions as we would want to see. There hasnt been a lot of volatility in the capital market. Heres the point. If you look back 15 years ago and a lot of these companies they are a lot smaller and weaker they didnt have the multiple Revenue Streams they have now. c all these big conglomerates. Now they have the ability to shift their income streams and hopefully the regulation comes in to treating away from mortgage. I like that. I think their future is actually a lot brighter than people are painting. A lot of people have been hedging their bets. They are dropping some of the technology here. That banking would pick up the slack. And this probably would keep going. What do you think. The tech weakness which didnt last very long. They shouldve gone further. It was a basically earning momentum growth. The whole amazon prime day they created a hold mother spending another major spending holiday. That is ultimately what drives very expensive growth stocks. At this point with the rates also not going higher want to thank you both very much. And then we have these black swan developments that swan developments that could change everything including the investigation into meetings with russians and all that. Now we are learning that at that meeting there was an additional russian. One tied to the intelligence community. The former independent counsel robert ray. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov potsc in unison drive russ, leland, gary yes. Gary i have a ford f150. 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Some more revelations coming in. They could now confirm that there was another entity at that meeting with donald trump junior. c he was known to u. S. Authorities. He was even working with a visa expired and it was not deemed a big deal. The former Counter Intelligence officer. It was also sitting in on this meeting that included the president s son. And of course paul metaphor. Whether the participant of the meeting is there. The first thing that shouldve been done. If it would qualify. This is politics. I think he is right about that. Lindsey graham was trying to say if this is a russian entity equal to the fbi with that. And of itself especially after the meeting was over. I might just pick up and put a phone call that way. Weve come to discover what this guy is doing. That is a legitimate source of inquiry. Im sure the special counsel is reviewing that. My guess is that somebody in one of the lawyers wanted to leak that to the media. Who is doing the linking . There is a lot of people still coming through. With a special counsels investigation. I know information takes you on paths that they did not originally envisioned. It always raises suspicions even though it might be suspicious of what else. The drip drip. It is a disaster. At least not desirable at a minimum. Investigations are complicated things. If they come in contact with something that is under investigation. Its the way the human mind works. After talking with all of the possible information. What you know at the beginning is only a small fraction. It raises your ten on awful lot awful lot of talk about collusion. Who will apply more to business. I dont think they have their antenna. Her meeting with somebody from russia. Where they may have information about Hillary Clinton and the clinton foundation. And donald trump himself had raised that. If youre in a campaign under those circumstances what you had been interested to take them out. And you are particular interested in his in attendance. With regard to this Additional Development i dont think so. I guess not too long ago they were saying this is been linked within the white house. Even mentioned Jared Kushner is doing it. It would come up and then released it. It gets really crazy. As you will know highprofile matters where there is a lot riding on the results cause people to do things that they would otherwise do this was hidden from public view. Its no secret to anybody that lawyers within the white house leak that the fbi leaks that the lawyers involved in representing that. It is human nature. It wouldnt be a surprise. Do you know who was leaking it. Sometimes you do and sometimes you dont. If you have lived a little like we both head. It comes as no surprise. Do you ever look at dhese developments and say this is can it drag on for a long long time. It may not be realistic but experience has shown living through this and having seen other independent counsel in the countrys interest this is desirable if we can get to some nifty significant resolutions. The country expects that deserves that if possible. It is in a take time but a lot of other people have said dont expect anything other than this. I think if we learned during the clinton years that is not good from the it should be avoided. I think largely much of that is not particularly relevant. I know it makes the news every time that happens. Theres no evidence to suspect. A nominal topic of investigation is the president s firing. Im not try to lead you on. But would it make a difference we know this meeting occurred at the trump tower. What if he bumped into these guys after and said hey may seen you. I think as many people had recognized in the modern world. Tweets, Text Messages emails anything that they can do you are busy get it got it could happen. And inappropriate investigation looks at things like that. Its revealing up intent. Understood. He is now. If i thought it was necessary to do that as part of the investigation that would be done. He was so good at his job that both sides ultimately hated him. Its quite an honor. When we come back we have a new debate going here. It turns out that they are running out of money fast. It might have hit the hat trick of entitlement disaster. After this. Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. 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Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Listen up, Heart Disease. you too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. I know a lot of folks who get there and say i pay into these things. But the two medicare and Social Security right now they could be the world of hurt. A lot more than you are hearing. Gerri willis with new details. Almost broke. The trustees for Social Security and medicare announced that the two programs will run out of money and soon Medicare Hospital Insurance trust fund will be empty in less than 12 years. It goes broke a year later. There pain benefits through 2024. The treasury secretary said the president s plan to bolster the rate. Social security and medicare account for more than 40 prepare 40 . That amount is a one way track higher than the u. S. Population ages. Now not everybody agrees with the treasury secretary. Theres what the former cbo director says. Listen to this. Any possible increase in Economic Growth would go nearly far enough to extend these programs definitely. In the 1960s there were four workers for each Social Security beneficiary. It is expected to fall to just two in coming years. They provided them to 60. 9 million. It is something. Then of course they keep putting it off. Thank you very much. All of this comes at the same time there is a backandforth about medicaid and what to do with it. A program that has grown substantially. The melt and that a lot of people would be getting medicaid. The economy did improve and medicaid reliance just kept growing and growing. That is just part of the problem. In the Senate Measure much like the house manager measure the rate of growth that is being slowed here. In the medicaid spending still shows it growing. Just that alone is a cruel and unusual punishment. You can never get the stuff addressed. When we turn into that kind of thing. What do you make of this backandforth oddly on medicaid the same day you get the news on medicare and Social Security. Into the first point which was just made we have to do something about our major entitlement programs. They are all huge important components of getting our debt under control. Unfortunately there is no action on Social Security and medicare. Has promised not to touch those programs that is really a huge step in the wrong direction. In the discussion about repealing and replacing Health Care Reform. In terms of the policy debate. One of the hard choices that has been included in those reforms is to make changes in medicaid and the pushback is huge which demonstrates i think your main point here which is it is really difficult politically to make any change to these programs that people think that they are entitled to. That is all good but when we are warned repeatedly that they are either heading towards insolvency. There is no responsible discussion like that. There is no bravery on either side. How do we do this. There was a time when maybe it goes backc. They raise the retirement age. It really doesnt do the trick. Somehow it agreed on that. Long before there is can be a big crisis erupting. There are couple of keys none of it make it a slamdunk. This is really hard. When we made reforms to Social Security last time there was an action forcing moment. We do not want to wait until the last minute the baby boomers have already moved ahead. They commissioned that it was good to go ahead and make those calls and it was up to the president and congress whether they wanted to follow up on it. I do think that outsourcing and moving some of these tough choices outside of congress had it sent in a bipartisan way where people dont think its for either political agendas really. Its too easy to demagogue against. What are we trying to do we were trying to fix the debt and there were a lot of reforms included in that. If you are trying to fix Social Security on its own that would be the goal. One of the problems were we are having right now with healthcare reform debate the big changes where we would have about a hundred Million Dollars of savings in medicaid. But it is. With almost that much in tax cuts. Youre really doing that fiscal picture. Should we cut spending i think that is when to be a harder argument. Every time they tried to give attacks. I would argue that it makes more sense to look at tax reform in isolation and entitlement reform in isolation or a grand bargain but not some segment of cutting entitlement. Thats actually interesting. You may have heard about this build up to a fighter and the ultimate boxer. Its gotten really nasty. All the crazy stuff that would go on in those days. Here he is on steroids. It is hysterical. Im telling you its going to be a paid preview. We got this baby. Whoooo. I enjoy the fresher things in life. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices from over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. He is bankrupt and youre about to be. Yada yada yada. You quit three times. As the feud escalates. It wasnt as good as the ones in los angeles that preceded the one out and brooklyn. It is a forest up a press to her. They are streaming. If you are interested in watching. It was not organized. They missed the entire thing. It was kind of ugly and they surrounded it. They needed to end on a high note but its meant to sell this fight. They did not even show up for the press line. Can you imagine that interview by the way. Im a usc fan. The whole thing is weird. What not that kill boxing. I dont know anything about any of this. Everybody said they are an expert. These are two people playing different sports. Thats the analogy i keep coming back to. It would be like american Football Players he was an amateur boxer and hes known for his ability to hit. Precision beats power. I encourage people to go watch it. They want to get above. To do the crazy stuff. If they saw this and sell this and hit a record next. There be at least a 4. 9 million paper views sold. The last one was mayweather pakula. He could walk away with maybe 400 million the highest payday in your if the fighting was 3 million. Hes gonna make a hundred Million Dollars from those. When they rigged something that they dont let the ultimate fighting do it i think its karma. Let me just state the obvious. Boxing is already dying. Mcgregor got defeated and hes lost three times. He got beat by nate diaz. Thats probably right. Mayweather made about a quarter of a billion dollars on the pakula fight. He could make way north of thisc they are having the press to her to convince people that mcgregor can beat mayweather if you want to be the man he beat the man. Dentures are very different to real teeth. Theyre about 10 times softer and may have surface pores where bacteria can multiply. Polident kills 99. 99 of odor causing bacteria and helps dissolve stains. So dentures are cleaner, fresher, and brighter. Polident. Neil all right. Weve got a health care scramble going on, dont we . South carolina senator tim scott was visiting earlier, talking about what goes many and out of this. I want you to listen very carefully to the needle he was threading on taxes. So in other words, you are telling those who are leery about that, well address this with the tax reform measure, maybe remove it then . Absolutely. Theres an opportunity for us to Gain Momentum through the passing of this Health Care Legislation and then have a conversation and then, hopefully, tax reform that includes dealing with those taxes that we have not dealt with in the health care bill. Neil all right. Did you catch that . It was actually a brilliant negotiating point, but i do want to raise with my next guest, texas republican congressman brian babbin, what it seemed the senator was saying was this all right, for you conservatives not very happy about swallowing, keeping two key taxes in the Health Care Law in place, relax, we can rescind them later in the tax reform package we cook up. Im kind of cutting to the chase. What do you make of that . You know, i intercept that statement just interpret that statement just like you did, neil. Of course, the thought of keeping these obamacare taxes just doesnt sit well with me. And, you know, the biggest problem of not only the taxes, but the Insurance Regulations and the insurance mandates, as much of this thing as we can repeal and replace, the better off were going to be. Thats just the simple facts of it. Neil are you worried, congressman, and i understand it its actually a smart negotiating point, but for moderate colleagues of yours in the house, if it ever gets back to you guys, or in the senate they might say, well, wait a minute, this is the means by which you wanted to keep more medicaid available, and now you might be pulling the rug out from under that later. I could definitely see the method to it later, but you see my point, that moderates will say, wait a minute. Well, you know what . Im not a moderate. Im a conservative. So i want to see, i would love to have a clean repeal, obviously. Thats not going to happen. Weve done our job in the house of representatives, weve sent it to the senate, and im optimistic. I think were going to get to a point here that well have something that they, that we can look at. Im many favor of im in favor of senator cruzs amendment which will give freedom and, or you know, the ability for americans to choose a plan that doesnt have all the essential Health Benefits and some of these insurance regs. Why does a 25yearold man need maternity insurance . Why does every family have to have drug rehab coverage . Thats just absurd. And so if we the more that we can get rid of, the better off were going to be. Neil are you confident that this can get done . Well, im not going to say im super confident, but im relatively optimistic because, you know what, neil . Weve been campaigning on this for seven and a half years neil oh, absolutely. Weve got, this thing is going down. Half of the Insurance Companies that were insurers are now gone. Onethird of the country doesnt even have but one choice. This thing is in a death spiral. Pretty soon no ones going to have coverage. The past president told us that if you liked your doctor, if you liked your policy, you could keep them both. None of thats happened. And theres a lot of fear mongering going on. So i would just ask the listeners and viewers out there, dont pay too much attention the what youre hearing on the Mainstream Media unless its fox news. Lets put it like that. [laughter] neil or fox business. Congressman, thank you. Always good seeing you. You bet. Thank you, neil. Neil by the way, i dont want to take credit for this, but i do want to take a peek at whats going on in the markets right now. Shortly after we had tim scott on and he was looking at some middle ground and whatever tax hikes might still be in effect and that could be renegotiated out after they approve this within the tax reform package, it might seem like a common sense solution, but the markets went up on something. And ill pin it to that because its such a novel approach to all of this. It probably is not. I dont want to overstate it here, but it was a very interesting way to say we can swallow keeping these taxes in we only have to to swallow them for a little while, so everyone get onboard with this now. Its an interesting take. Meanwhile, senator scott also saying that if this fails now, theyre not going to stop. Theyre going to keep going right back at it. Take a look. There will be a move from right and left to cobble together reforms that will address some of the challenges in the individual market which means that we will be putting time, energy and money back into a formula that does not work called obamacare. So if we fail here, we come right back, in my opinion, to the health care conversation, and we to that in a bipartisan fashion with Democrats Holding the ace. Neil so essentially what senator scott was saying there, we either do this, republicans, right and get it done our way, or we risk having to address a problem that will not be done our way. Either way, obamacare as we know it is imploding. Im cutting to the chase here. The president of citizens for governance, mark meckler. On what the senator was saying first on the tax thing, that its hard to swallow but maybe, when i had mark meadows on saying he would be open to keeping a plan that kept those taxes largely on the rich in place, maybe he was telegraphing in parentheses because i know we can deal with it later on in the tax reform. What do you think of that . You could say maybe, but i would just is you to look ask you to look at history, neil. We ever concern when have we ever been asked to swallow our medicine and then it got better later . How many times have we been promised that . Every single cycle, and every single cycle they deliver or keep the bad stuff, and we never get what were promised. So i think its a joke, its a fraud on the American People. Neil so you would not, if those taxes remain in effect the 3. 8 surtax do the medicare surtax on the wealthy you would say no . I would say, absolutely no. But the republicans have the ability to the pass a straight repeal bill, multiple times during the Obama Administration they put it on their desk. Theyre now proving themselves to be complete and utter frauds. They cant do it when they have a president that will sign it. That means theyre frauds. Neil all right. Well, as halfassed as this process has been, the argument is something is better than nothing. What do you think of that . You know, i hear that over and over, the congressmen say, well, the people sent us to washington, d. C. To do something. I dont know any voter that says i know my congressman or senator to do something. They say i send my congressman or senator to do the right thing. So i would rather see them do nothing than the wrong thing neil but doing nothing i know what youre saying, but i just want to get to the gist of this. They say by, the republicans, doing nothing assures something that gets even more intractable and more into the fiber of this country and harder to address later on unless you replace it with something. As bad as this is, its better than that. You say what . [laughter] yeah, and i dont agree with that. When it becomes this bipartisan thing because now the republicans have their hands and their fingerprints in all of it, it becomes harder to repeal it at that point because you have all these republicans that have bought into it, that have voted for it, that have argued for it. What we have right now is a democratic disaster, we have the republican electorate that wants it repealed, and we need to keep it there. Theyre just going to muddy the waters by continuing to mess it up. Neil so do you worry and i know youre not a market guy, although youre pretty savvy with the markets. Theyve been running up. This is my opinion, mark, but largely on the belief that Health Care Reform is going to happen. Might not be everyones cup of tea, but it will happen. And they also think that tax reform will happen. So theyre betting it. Im just judging from whats going on. They think all the bad headlines notwithstanding, its going to happen. What do you say . You know, ive never been a fan of the markets predicting the behavior of politicians. I mean, thats just vegas, right . Their just betting theyre just betting the odds neil that hurts, mark. Thats my whole life blood there. But thats okay, go ahead. [laughter] if you look at history, right . Tax reform doesnt happen. Not serious tax reform. Generally speaking, weve had very little effective, serious tax reform over my lifetime and your lifetime. So betting on the odds of tax reform happening subsequently seems to me a very longshot bet. I understand the markets are betting for it, but in my opinion, theyve been running up against economic reality and running opposite to economic reality for most people in this country for a long time now, neil. Neil wow. Well, that hurts my feelings. Mark, always good seeing you, my friend. [laughter] thank you very, very much. All right, on this rally notwithstanding, stocks are at session highs right now. And, again, a lot of this could be pegged to tim scott who might have offered sort of an olive branch to some of the conservatives, particularly conservative senators who dont like the fact that a couple of big taxes on obamacare are still there. He offered this approach, that can always change. Vote for this, in tax reform it could be changed later. I want you to think after what he is seeing here, was it might because it might tick off some moderates who say, wait a minute, this money youre going to have courtesy of keeping those taxes in place is the means by which youre continue to funding medicaid. Thats not how the markets are seeing it. Theyre seeing it as having their cake and eating it too. Which, if you think about it, it is an equally dumb expression. More after this. Think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov thats it. Im calling kohler about their walkin bath. Nah. Not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] mmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Call to save 500 off bath walls with your walkin bath or visit kohlerwalkinbath. Com for more info. So we sent that sample i doff to ancestry. I was from ethnically. My ancestry dna results are that i am 26 nigerian. I am just trying to learn as much as i can about my culture. I put the gele on my head and i looked into the mirror and i was trying not to cry. Because its a hat, but its like the most important hat ive ever owned. Discover the story only your dna can tell. Order your kit now at ancestrydna. Com. Thats why at comcast were continuing to make4 7. 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. Retail sales a little bit, you know, kind of confusing to follow. In the aggregate, they were down twotenths of a percent, that is the second month weve seen that. And apparently, this was across the board with a lot of shoppers cutting back at clothing stores, supermarkets, restaurants. But yearoveryear, they are up and up substantially in terms of retail activity which confirms a continuing improvement although it might be slowing. Meanwhile, fox news confirming, as you have probably heard, that there was another person at that meeting with donald trump jr. , and that person was a russian and was a former intelligence official within russia. We dont know how high up. But, in fact, goes back to the soviet days, the soviet union days. So at least to the 80s. Former whitewater counsel robert ray mused about this on this show. Anything raises your antenna . Not yet. Neil not yet. An awful lot of talk about collusion. Theres no such thing as a federal collusion statute. Neil collusion applies more to business. Yes. Neil so nothing untoward to at least the former special counsel of whitewater, but further developments, as would my next guest, utah republican congressman chris stewart. Congressman, very good to have you. Good to be with you, neil. Thank you. Neil it always is like a drip, drip, drip, and i guess nothing untoward yet to be considered, but do you think it would be better for all of this information, any meetings involving anyone at any time to get it all out there because however this gets to us, it gets to us, right . It gets to those who say, wait a minute, this looks weird. Does it look weird to you . No doubt about it, i agree with your idea. Lets just get this out. I thanked donald trump jr. And was grateful that he put out these emails as quickly as he did. Theyve got to go back and be very careful in looking at every meeting or anything associated with this. Who was there, who was involved, what did they say, what did the emails say and just get it out. I mean, look, theres this thing right now that were experiencing where youve got a lot of to americans who go to bed every night dreaming that donald trump is going to be impeached, and they wake up in the morning, and theyre disappointed it hasnt happened. And ive been saying for a long time theres a lot of other important things. I wonder the if a year from now we look back and say, you know, we ignored north korea, we ignored another meaningful story as we focus on russia. I know you guys dont do that, but a lot of americans do. I think this is one of those times when theyre probably going to be disappointed again. But get the information out as quickly and as forthrightly as possible. Neil you know, i dont congres, this comes at a time where people are saying and, again, nothing is proven that was illegal or unusual here, but it was a russian calling for this meeting, a russian lawyer who both parties knew, and then we find out about this exsoviet counterintelligence officer. And they stress ex, former, but it begins to start looking weird to those who want and assume nothing but worst when it comes to donald trump. So it feeds the beast, so to speak. Where do you think this is going . Honestly, i dont think my view on that has changed much. I mean, ive been saying it, sitting on the intel committee, weve been looking at this since september, nearly a year now. And ive been willing to say over the last couple month, look, i dont think theres collusion. I dont think this is something thats going to rise to the level where it threatens the president. I still believe that. But it does raise some questions, and i think those questions, to be fair to the American People, those guess should be answered those questions should be answered. But again, its this drip, drip, drip, trying to delegitimize the president. It makes it more difficult for him to accomplish his goals, which i support, by the way, and want to help him. Lets get it all out, get the report to the American People, and one way or another, lets move on. Neil youre talking about the president s agenda, your own agenda, sir, which which includes Health Care Reform and getting these tax ruts through. Your own views on the investigation notwithstanding, where do you think the likelihood that you get either or both of those key sort of tenets of the republican platform done this year . Well, im actually more optimistic than a lot of people, and its not either or. It really has to be both. And the key to that, the foundation is Health Care Reform. We just have to do that. We promised the American People we would. Theres 780 billion of tax cuts there that we then use in the tax cut package. You have to do Health Care Reform fist. And its like when first. And its like when we were in the house and we couldnt do it as easily as we thought. But there were so many of us who knew we had to do this. The senate just simply has to do that. Ive talked to many of the members who are reluctant, and i think theyre going to find a way to do it probably in the next week or so. Once weve done that, then you have the momentum, you have the kind of psychological and the political momentum to say, okay, the next thing, tax reform. Which i think is as important as anything else we could be considering and better for the American People that, certainly, the tax structure that were living under now. Im actually, neil, optimistic that were going to find a way to do it, because the political reality is you just have to. Neil yeah. Everyone knows you have to, but its sort of like diets, right . Some people you dont have to worry, sir, but they know they have to lose weight, right . And they dont do it. Yeah. Well, some. But you know what . Many people do. Neil i generally dont like those people. I generally am not a fan of those people. [laughter] congressman, thank you. Seriously, very good having you. Thank you. Neil President Trump is tweeting out that the Health Care Push as the media keeps focusing on russia, again, hes putting the hard sell on here. America rising Political Action Committee Executive director alexander smith, real clear politics port caitlin hueyburns. The president s making it clear, caitlin, that this is a nobrainer. You gotta do it, got that, gotta, gotta do it. And hell be very angry if they dont do it. Can they pull this together for the gipper, so to speak . Certainly, putting the pressure on these lawmakers as theyre home the weekend kind of assessing the details of this bill, there is no room for error here. Remember, you already had two republican senators, collins and rand paul, saying that they wont even vote yes to get onto in this bill. That means only one person could say they dont want to get on the bill either and it fails, or even if they move on to it, those are kind of the numbers that were looking at here. Youre also hearing, you know, what else could the president have done here to help sell some of the merits of this bill, particularly as you have, interestingly, republican governors in states like nevada and ohio expressing concerns about bill. The president hasnt really traveled around the country hosting these kinds of town halls that weve seen others do. But he is certainly trying to the put the pressure on here. Im just not sure neil yeah, well, everything hangs on it. Right. Neil the market seems to think its going to happen, that theyll find a way to do this. Alexander, one of the issues that has come up and might be a reason for the markets to advance is the senator tim scott idea. Look, trying to assuage conservatives that are concerned about keeping those tax cuts on the wealthy that paid for most of obamacare in place. But, but, but, assuring them there is a way to address those later on in tax reform, maybe rescinding them. How do you think that would go . You know, i think its incredibly important that the republicans do pass Health Care Reform. This is one of the main issues that every single republican campaigned on in the 2016 election including President Trump. So i think its critically important that they do that. I think whats interesting is when you look over at the democratic side and see the kind of vise grip that theyre in. Look at their de facto leader, bernie sanders. This is a guy that is forcing so many Democratic Senators and leaders to the left on this issue, pushing them towards a singlepayer health care. And were seeing neil well, hes not the only one. Dnc chairman perez and everyone else, theyve all gone the karl marx route. Caitlin, the one thing i do worry about is, obviously, the extreme base has taken over both sides here, so overtures to moderates in the senate is only going to get you so far because conservatives are the ones back in the house who i hear are getting ticked by what theyre hearing getting compromised now. How bad does that get . Right. Even if they are able to pass manager out of the senate, they do have to reconcile it with the house version. Id also note that this bill is not quite done yet. If they are able to get on the bill which is, again, a big question here what the amendment process will be like, what additional things they will offer in this bill remain to be seen. But you do have a lot of reluctant people, moderates but also a couple conservatives, wondering about things like the taxes in this bill neil right. Also wondering about whether there is enough money directed from keeping those taxes to fight opioid addiction and medicaid. Its interesting to see the trouble that republicans are having in terms of obamacare now being the law of the land. Any of these votes will certainly count because you have a president ready and willing to sign them, and its difficult to take this away from people. That has been the argument neil well, youre right about that. And thats the history of anything the government does. Exactly. Neil very easy to give, very hard to take back. Alexander, by hook or crook, tim scott was saying we are going to get this health care thing done, weve got to get it done. It would seem to indicate to me that if youre waiting for republicans to acknowledge the obvious, that theyre having a hard time with this, put this aside and move on to tax cuts, thats not going to happen. They either, you know, rise or fall on this or its done. What do you think . Yeah. I mean, look, i think that the republicans really do need to pass something here. Otherwise other priorities like tax reform and infrastructure planning the president s talked about, i think, are in real peril. I think that the good news is though that in terms of reaching out to the other side to get the votes that they need, there are Ten Senate Democrats or ten states where trump won where democrats have seats up. And i think that those present tremendous opportunities for republicans to reach across the aisle. Because on the one hand, these Democratic Senators are kind of in a bind. Theyre in between their donors in new york and San Francisco who want them to have a more extreme singlepayer plan, and on the other hand, there are voters in those states who want them to work with republicans and who are desperate for obamacare reform. Neil right. And i can understand the longer you keep a big Government Program going, the harder it is to dismantle it. So i do understand the logic to that. But i also understand the logic of math, and if the numbers arent budging caitlin, you touched on the notion that there are a couple of republicans who wont even allow a procedural vote to move forward because i think rand paul is among them, i think Susan Collins as well right. Neil two clear no votes. But to go the extra mile and say, you know, leader mcconnell, we dont even want a procedural vote on this, we hate this so much. I mean, thats pretty strong. Yeah. And thats pretty kind of telling about where the party is on this right now. You also have republicans arguing, you know, lets get on the bill and then kind of debate these things later. I wouldnt be surprised if you saw pressure put on people to get on this bill and try to make the reforms later. But whats been interesting to watch, too, is for all the talk of potential bipartisanship, democrats have said they wont entertain that possibility if republicans keep up the pledge to repeal the law entirely. And so thats kind of the sticking points here. So while we like to talk about the prospect of bipartisanship, i dont think many people on capitol hill where i was all this week are really holding their breath on that one. Neil is there a sense, too, that the president might lose his mojo . By that i mean its one thing the if youre very popular, as the president is with his base, but if it looks like his poll numbers are going down, members in the house and senate are less afraid of them, theyre less intimidated. They stop returning phone calls. Of Lyndon Johnson dealt with that, Richard Nixon dealt with that. Right. Neil there is precedent for a president s declining poll numbers to hurt him in working on legislation. On that, im just curious, alexander, where you see it going. Yeah. I mean, i think its important to remember the lesson of the 2016 election which is i think that the american electorate is far less ideological than some would have you believe. I think that a what the American People voted for in 2016 was change. They wanted a big reformer to come in and shake up the way things were done in washington. So i think that in terms of, you know, the president s own personal popularity, i think that matters less than where independents are on this issue. And independents have overwhelmingly in the last couple of cycles voted for republicans because, mainly because of obamacare. And so i think that, you know, really voters are going to hold us accountable as a party. If we dont get this done. And i think that, you know, the president is instrumental to making that happen. Neil all right. Alexander, final word. Kate lip hueyburns, want to thank you as well. We shall see where goes. Whats interesting in following these developments is the fact of the matter, wall street confident things will get done, maybe confident in the plan tim scott outlined with us, there is a way to make conservatives happy and moderates happy. Moderates are being made happy with the idea were going to continue weving up medicaid beefing up medicaid funding, opiate Research Based on the savings and money we are getting from keeping those tax cuts on the rich. But a wink and a nod made to conservatives, yeah, but we could take those away. Those taxes we could take away later on. Now, if youre a moderate and you were won over with the promise that that is the means by which youre going to protect medicaid, are you going to sign on to this knowing that the rub potentially rug potentially could be pulled out from under you . There is a flip side. And this battle goes back to win over conservatives, to win over moderates, its very, very tough to win other both. More after this. Neil Iowa Republican congressman steve king says you can fund a wall we want to build with among other things, food stamps, planned parenthood, a lot of people went aghast, at him. Everyone concluded he must be for starving kids but comported himself very well in the interviews. Put in perspective we waste a lot of money. Weve seen proof of that with number of programs in serious disarray right now, including medicaid funding right now even after the meltdown you would think it would go up and people sign up get medicaid, that economy would improve that would go down. It never did. That is the kind of thing republican congressman from iowa getting at. He joins me right now. Food to have you. Thanks a lot for having me on. I appreciate it. Neil youre almost a care character out of the pirates of the caribbean now. How have you been handling the media fallout. I have been business. I i have i will fall off this ducks back. They havented point the out any substantive arguments. When you have families, nobody works, milwaukee, 36 blocks residential area, wasnt single employed male head of household and 40 of people on ebt cards, or food stamps, 40 are obese. We established the Food Stamp Program to solve problem of malnutrition in america. Now were contributing at least if we havent created it, were contributing to obesity problem. Were not supposed to bring that up because a lot of those folks are democrats. They get ginned up by the other side. We have to open up the topic to get america on the right track. This is the administration to do it. Neil one of the things come up again and again, whether you support all the government efforts, no one said we shouldnt feed those genuinely starving and poor, but one thing happens with Government Programs, whether youre on the right or the left, it is very easy to grow them. Very difficult to slow them down. No measure ever been talked about to my knowledge has been to reverse that. It is just to slow the growth. That is seen as throwing granny off of the cliff, what have you. That is going on with medicaid, house proposal, senate proposal, for slowing growth of it. It is seen as being a knife in the heart for those who vitally need it. Youre losing that pr argument. Then democrats and liberals come back say youre keen on providing tax cuts for wealthy people but not for helping average people. You say what to that . I would say i recall in the previous decade when we brought tax cuts, bush tax cuts, that we were trying to find a tax cut for the lower income people but we found out in good number of those brackets they werent paying any taxes at all. We were left with this conundrum, how do you cut income tax on people that arent effectively paying income tax . Yes theyre paying sales tax and other taxes. So that is part of it. And by the way, this tax that is in obamacare this they seem to want to leave in the senate that we stripped out in the house is just goes to, tax was added because of obamacare. There are at least 10 different taxes put into obamacare. The house wanted to strip them all out. Democrats want to demagogue that. Neil these taxes are only few years old. Thats right. Neil here is my bigger point with this. It is about government in general, congressman. It is very, very hard to dismantle something, slow its growth. That is concern of senator tim scott. Saying weve got to get this health care thing right, every day im paraphrasing here, is a day gets more intractable, unwieldy to deal with. Putting it off is saying we cant handle it, never will. What do you make of that . Tim is right. He has done a lot to demonstrate his own skillsets. I thought through this thing. I want full 100 repeal of obamacare. Want to rip it out by the roots. I introduced legislation to repeal obamacare day after it passed. I bought a discharge petition in 2010. I got 173 signatures on it. Ive been seven 1 2 years to rip it out by the roots. Were not getting this done, neil. Because of Establishment Republicans banded together to keep parts of obamacare. But i think that well see neil either of those two taxes, ones pay most of the fare for this. Tim scott seemed to be offering the possibility that if they go he along with this, senators go along with this, when it comes to the tax reform thing they can get rid of them there. What do you think of that . I always think you should take care of those things when you have got the chance. When you kick the can down the road, delay it, you think you will have better opportunity, usually that opportunity doesnt materialize. On balance i will say this, we arent getting full repeal of obamacare. Well end up with best we can get out of political configurations of the United States congress, coupled with presidency. What is left of it, socialized medicine left after this, i think well get it done, well label that the curse of obama. 100 years from now it will haunt us still, not giving 100 repealed and not giving people back their godgiven freedom. Neil you think some form of Government Health care will the case . I think so. I would go, do any moral ethical thing to end this thing completely but the inertia of politics here, changed when we werent able to bring my full 100 repeal to the floor early in january. Had we done that every republican in the house would have voted for the full repeal. Then they would have no negotiating position to preserve the essential Health Benefits or taxes that are being discussed now. And so that was tactically the moment of demarcation for us. Neil even in the senate it passed with everybody republican save Susan Collins. Congressman, thank you very much. Good seeing you. Thanks a lot, neil. Neil moon while in france a very different view on relationship that has gone from you know handshakes and how much i can crush your hand versus the other guys hand to a fullblown bromance. After this. Horseheadswivellychair. Com it could be the next big thing i should totally get that domain name. Get your great idea online too. Get your domain today, and get. A free trial of gocentral from godaddy friendship between our two nations, and ourselves, i might add is unbreakable. Our occasional disagreements are nothing compared to the immortal bonds of culture, destiny and liberty that unite us. Neil we got a bromance going on here, friends. Whatever is going on here the press dont seeing it more than anything else. Former strategy director Prime Minister David Cameron steve hilton joins us. Steve, your whole show is about the next revolution, but this might be the next unusual global pairing. What do you make of it . Neil, certainly relationship revolution if you think back to how these two got off, starting with each other a few weeks ago. It was not the bromance you see today. As you described. But i think it is good news. It is good news for nerc that President Trump is forging Good Relationships with important world powers like france, given the range of issues that they need to tackle together, not just economic but fighting terror and so on. But it is also good for france because it is not helpful when he see a rift developing as seemed to be the case between europe and the u. S. With the same kind of response to President Trump you, as someone on the left and in the media have expressed here in the america. You saw that same being expressed in uk and elsewhere in europe. This important relationship between america and europe has done so much good is strengthened by the personal relationship clearly developing between these two. Neil but that relationship isnt developing between President Trump, for example and Angela Merkel of germany. Maybe to a lesser extent with theresa may in britain where the president seemed to choose his favorite leader. I could be making a stretch here so if you will indulge me but for some reason these two struck up a relationship that eclipses all those others. Yeah. Neil if that is the case, and turns out that this relationship with france that ends up being the one to watch, what does that mean for england . What does that mean for germ he any . What does that mean for traditional europe . I think that, well, lets take them in term. With theresa may, she personally would like to have a strong relationship with President Trump. You saw that in the visit that she made a few months ago, which is very warm, very, very Good Relationship emerging there, just like weve seen in the last couple of days with macron. You remember the joint press conference and image of theresa may, trump were very strong. What has happened since then of course is that theresa may has been thoroughly weakened by an election that she called unnecessary. Didnt need to call it. She did very, very badly and now she is very weak. She is susceptible to Public Opinion in the uk that doesnt like President Trump basically. Neil im sorry. Her feeling for the president notwithstanding, a lot of groups saying mr. President , we dont want you to come here . Is this view widelyheld . He is still going there next year, right . It is still wildly held in the uk. What is really interesting is that, president macron of france, probably has the same domestic pressures but doesnt care. What is interesting that he is a very strong leader right now. Remember what he has done. He has built a whole complete new political movement, number one. He is very selfconfident leader. I think it is interesting that he can face down the domestic pressure that says we dont want trump here. We cant stand trump. Theresa may, much weaker cant do that. Angela merkel, for example, is facing election in september. For her the same political calculation. She doesnt want to inflame the antitrump sentiment in germany before an election. Perhaps after the election, after she wins, likely she will, you will see a strong commitment with America America to, working with donald trump. Neil well see about that steve hilton, sundays 9 00 p. M. He is ahead of a lot of stuff we take for granted the next revolution. Inciteful read globally on to this thing. Certainly on to it before i was. Meantime north korea very mad at us for even contemplating sanctions. Normally when that happens, the north koreans start launching more missiles and usually do it on a weekend. Thiswould be the weekend. What do you make of that after this. [ [vo] progress is seizing the moment. Your summer moment awaits you now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. 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. 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I think first of all the Trump Administration has made a decision, a strategic one, not to respond to the latest military escalation which was a launching of an icbm test at least, and to continue down the path of tough sanctions, diplomatically engaging all the nations that are doing business with north korea and telling them to knock it off or were going to keep you out of the u. S. Financial banking system. And also to begin, and i mean just to begin to set the stage for china to push them towards doing something more than what they are doing with north korea by actually sanctioning china. Now were starting with baby steps with china to see if theyre going to respond. And i think they probably gave the president at the meeting, at the g20 meeting some indication that they are going to be responsive. Well be talking to the chinese next week on this very subject. So were going to have a feel whether they will really do something or they continuing to game us. If they will continue to game us, neil, i think the Trump Administration will really get tough on china. Neil now the president was quite effusive in his praise of chinese president with the joint presser with the french president. What do you read into that . What i read . It he is still trying to work this thing. He still taking president xi at his word he would work towards denuclearizing north korea, even though we dont have much evidence of that, because as you have reported, the fact of the matter is that business with north korea from chinas perspective has gone up from january to june, some 10 1 2 . Neil doesnt look like we could even trust them, general, why do we bother . I think it is because he knows how tough it will be without many them. If there is opportunity to get them to work, i think he wants to try that. Listen theyre looking at chinese with clear eyes here. They know these guys have never come through in the past. Theyre not likely to come through here, but he is willing to give it a little bit of a more try. Neil we indicated that with nikki haley in the United Nations we would act alone if necessary. What does that mean . We would have to do what . ,. Neil that we would act alone if necessary regarding north korea . Yes. What that means it is likely, despite haleys protestationed and trying to get the chinese and russians not veto a proposed sank shun list, likely one or both of those countries will veto it. This will put the United States acting unilaterally with sanctions. We would rather do it with the u. N. But probably never getting the kind of sanctions out of the u. N. We would likely be able to impose ourselves. At some point well be acting unilaterally anyway. Neil it is always deemed a warlike move to shoot down the missile when they launch it over their land. Is a warlike move, general, to shoot it down over chinese waters or north korean waters . I think these military options from low of lowend option i would consider that lowend, are on the table. North korea, the hand theyre playing neil, theyre trying to convince us any military option we take, even a lowend option like that is a war provocation and they would have no choice but to attack south korea. I dont know if they would do that. But that is in fact what they have on the table. And they believe, by having that on the table, indeed its a checkmate to any military action that the United States will take. But i know for a fact that the Trump Administration has a lot of military options on the table from the low end certainly to the highend. Think nobody wants allout war. Neil general, thank you very much. Scary stuff. Not so scary, what is going on corner of wall and broad. Were in record territory and then some. More after this. S. S. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. 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Before he left france, the president tweeted, quote, after all of these years of suffering through obamacare, republicans senators must come through as they have promised. Indeed, they must but two senato