President trump commenting on negotiations yesterday at the white house. They are also meeting, it actually be done before our meeting, i think we have a good chance of making a deal. I think they want to make a deal, they are losing, Many Companies are leaving because of tariffs, they dont want to pay tariffs. Dagen european trade going down on a different path, 4 billion in trade value, pasta, cheese, whiskey, metals and chemicals. Fixed Income Portfolio jack mcintyre, good to see you as always, what to make you look at fixed income, you look at the bond market, 10year close to 2 but the s p at new alltime high, who is right, because the fixed income market treasuries say slow do you know slowdown ahead . Believe it or not, they both can be right. For that to happen you need noninflationary growth because thats whats driving the fixedincome markets, obviously whats driving equity is the idea that hey, the fed is going to cut maybe 50 this month and weve got some growth, so as long as sustainable, both can move in right direction. I like bonds more than i do equities, but we can discuss that later. Dagen noninflationary growth there, again, yesterday for one example we got a number of indicators around the globe from china, overseas in here at home that manufacturing is slowing down, not contracting here in the u. S. But it is slowing, so do we have that growth or the indicators that growth is certainly muted in the months ahead . Youre right, thats why i still like treasuries in here because the u. S. Is not economic island, we are not immune to slowdown globally and weve had a strong dollar which we are still feeling effects of that and the fed with probably too aggressive in terms of tightening so, yeah, treasuries will still do well, obviously we had a huge rally in there, im in the camp, i think this is just a global slowdown, im not looking for the global recession because i do think we will see a wave of monetary stimulus that will help that and as we talk about trade stuff, thats going to help at margins. So jack, lindsey bell here, so you are thinking that the fed will in fact, cut in july and is it 25 basis point, 50 basis point cut and how is that going to stimulate the economy, how necessary is that cut near term . So the way im thinking about things right now, ive got a ledger, i look at all the Economic Data points and we will get a few more before the next meeting and i kind of say, does that support a 25 basis point rate cut or 50, so yesterdays ism manufacturing, that puts in 25 basis point rate cut, we will see what happens with ism, nonmanufacturing tomorrow and then the employment report, if those are in line with the manufacturing, we will get 25, i think we have to get 25 because the markets already priced that in. I dont think the fed wants to go that much against the markets, so effect is it going to have, i dont think its going to have a huge effect on the real economy but its clearly a necessary move if we will have risk assets continue to to do well. Dagen jack, new ap poll says 47 surveyed approved of the president s handling of the economy, china showing weak manufacturing numbers as i pointed out, why is that . Shouldnt again we still have unemployment at 50year low, we have wages growing for nonsupervisory workers faster than managers but broadly speaking, wages growing at the fastest pace in at least a decade, why dont people feel more of an attachment to President Trumps policies . Thats a good question, you know, we have a pretty strong personality so i think its a lovehate sort of relationship with him. I think weve had decades of income and wealth dispersion, so there is a huge part of society as you pointed out thats been left behind. I think the policies put in place, they take time. You know, if the economy continues to do well and shug along you will see approval ratings, he knows that. The one thing that will get him reelected is economy and not personality and he needs to do things that will get economy to continue to do well going next year. Dagen i will add this in wall street journal this morning, the first tax Filing Season under new tax law, the tax cuts to the wealthy, upper middleclass people, making 100 and 250,000 who were less likely to receive refunds and more likely to owe money with returns, the middle class in some areas but these are still individuals making 6 figures, they owed more. Another interesting report in New York Times about minority women starting businesses at highest rate that theyve seen in decades and also Hispanic Women are doing well in the economy, all this plays well in trump reelection, the democrats argument that they are trying to make, the economy is not great folks despite what you see and feel and hear and read, its not working for everybody, only working for top 1 , thats the argument they are making and we will see how it plays out. Dagen you listened to those debates, jack, these candidates literally were describing some sort of dystopian nation of where, people like the very rich were living in these giant mansions on hills and everybody else was like scrambling for food and water, thats what it came across like. Its amazing how how much support they get and i go about and have a lot of friends from a lot of different communities and you talk to people and they are really believing this rhetoric and so thats what really scares me, its the delusion when things are going so well for people to say they are so bad is pretty scary. Dagen jack, real quickly, what do you expect out of the jobs report on friday, again, expectation is 160,000 jobs, we have had job creation slowdown this year so far, no manufacturing jobs created as the expectation, but will this push the feds hand even further, you think, if we get a bad jobs report, do they cut more aggressively . Yeah, i think this is probably one of the most important job reports that weve seen over the next several years, it will confirm the weakness that we saw in may employment report, i think its going to be an okay, maybe 100 plus, but i do worry the job is hard to get component of Consumer Confidence had a pretty big uptick, havent seen that in a long time, so watching it closely but i think its not going to be quite as bad as the may employment report. Dagen thats good because may was 75,000 jobs added. It was pretty weak. Jack, good to see you, jack mcintyre, be sure to tune in for jobs friday june coverage report 8 00 a. M. Eastern time, cleanup operation underway in hong kong hours after protestors caused extensive damage to government building, Cheryl Casone has the details, hey, cheryl. Cheryl good morning, again, dagen, protestors chattering glass, slogan in the chamber in 3hour occupation of the building yesterday, they are marching against growing fears of beijing influence, it happened on the 22nd anniversary of the former british colonies returned to china, protestors demanding chief executive terry lamb resign and democratic elections should be held to pick a new leader there. Foreign investors will be able to own stakes in china Financial Sector starting in 2020, this move announced today by chinas premier a year earlier than expected, china also take steps to opening Manufacturing Sector, that does include the Auto Industry there. The latestness comes after the u. S. And china agreed over the weekend to restart the trade talks which had stalled back in may. Well, facebook Silicon Valley headquarters remain on edge, facebook facility quarantine, employees evacuated from four different buildings, emergency has met crew, fbi taking, dagen, the lead on that investigation, those are your headlines. Dagen thank you so much, cheryl, thats scary. Cheryl casone, coming up the border crisis, the conditions at Detention Centers called into question after congressman alexandria ocasiocortez makes a trip south, but a new report is questioning the veracity of her claims, fresh controversy for nike, the company betsy shoe at the request of former nfl player Colin Kaepernick e wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Yeah, actually. Most people think a button is just a button. That a speaker is just a speaker. Or that the journey cant be the destination. Most people havent driven a lincoln. Discover the lincoln approach to craftsmanship at the lincoln summer invitation. Right now, get 0 apr on all 2019 lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. Dagen big show this morning, hogan is here, pennsylvania congressman House Foreign AffairsCommittee Member scott perry, fox news senior strategic analyst and retired fourstar general jack keane. Former sony executive Business Executive managing editor seth and financial expert, author of everyday millionaires chris hogan, you dont want to miss any of those gentlemen particularly chris advice always helpful. Freshman congresswoman alexandria ocasiocortez visiting a Migrant Detention Center in texas where she described the conditions as horrifying, writing on twitter this, just last first cbp facility, i see why cbp, customs and border officers were physically threatening to me, keeping women in cell and told them to drink out of toilets, it was them on Good Behavior in front of members of congress, listen to this. Women were being told by cbp officers to drink out of toilet, they were Drinking Water out of the toilet and that was them knowing what a congressional visit was coming, this is cbp on their best behavior. President trump signing a 4. 6 billion humanitarian aid package which aoc, alexandria ocasiocortez voted against. We will point that out. I want to just go on, the head of Border Patrol condemning agents alexandria ocasiocortez private facebook post, these inappropriate and contrary to honor and integrity i see and expect from agents day in and day out and violated standards of conduct will be held accountable, cbp telling Martha Mcallum an investigation is underway. We will have to let the investigation take place in order to take what actions to take. Theyll be investigation as i said, the investigation has already started as soon as we were notified of these posts. Dagen tom, what do you make of all of this, i pointed out that aoc shes down there at the border facility but the aid package that was passed, 2. 8 billion of it is for unaccompanied alien children being held, the program run by health and Human Services because theres been growth shortage of beds and children are in Border Patrol custody and waiting for placement in hhs care and i will point out that aoc just for cameras and for twitter maybe, she did not vote for humanitarian aid package for whatever reason, she talked to her constituents and decided to vote against it. The alleged that she made yesterday were serious ones and need to be investigated, right, the idea that Border Agents are telling these detainees women in particular to drink out of toilets, i mean, that seems a bit farfetched but, you know, they can tell her whatever they want but it needs to be investigated because its obviously not right if its happening. The broader point being that alexandria ocasiocortez has basically, this is an all of out assault and what they are trying to do in the border, she has been want to go abolish ice, she ran on the idea of abolishing ice calling them something close to terrorists and so this is part of that effort and we will see how it plays out, but certainly the Trump Administration is doing what they can to mitigate this crisis that we have at the border and as you mention alexandria ocasiocortez voted against this bill, she wanted even more funding, she wanted all of it to be restricted just for detainees, not anything to go to Border Security and she was on the short side of a very bipartisan vote to get the money down to the border. Dagen but the money is now, nonetheless, i will point it out on almost 3 billion of it, 2. 8 billion is for the program run by health and Human Services. Correct. Dagen the majority of the money is for health and Human Service service for children, i want to point out, the Washington Times is reporting that alexandria ocasiocortez screamed at federal Law Enforcement agents at threatening manner in el paso and refused to tour the facility, a group of 14 democrats who were traveling down there and their aides kicking off their visit on monday and they were standing in station where migrants are held, when ocasiocortez left them to sit with family as other lawmakers were briefed on station operations and she comes out screaming at agents this is a quote right at the beginning of the tour crying, screaming and yelling, money might be helpful rather than what was political grand standing. Shes trying to paint them in the worst possible light. Does this mean that theres a crisis because at the end to have day democrats have continued with the same messaging that there is no crisis at the border and then you go to the border and you you act like this, you yell and scream, listen, id be yelling and screaming too if i saw somebody drinking out of the toilet, im with her on that if it happen but the use the rhetoric for this long that there is no crisis when we know thousands of little girls that are getting brought across the border, thousands of girls raped at 8, 9, 10, this is the reality, the kids are being trafficked through the border left and right and so the democrats have to wake up for the fact that she wouldnt vote for the bill and President Trump has put entire presidency on the Border Patrol. Dagen i want to point out that the Trump Administration asked for the money, had been requesting it for months. Months. Dagen and it was finally again passed last week. I said it was the Washington Times, it was the Washington Examiner that was reporting that. But again, aoc was screaming that the congresswoman was screaming but where does this all go . Lindsey, if you want to weigh this before we go. Trump made big deal so democrats have to respond, so i think thats what youre seeing, all democratic president ial candidates are going to going te border, if its not an issue its certainly going to be an issue. Dagen certainly far left member it was democrats were upset with nancy pelosi, but she had the moment, she knew this was the right thing to do. Absolutely, nancy pelosi she knows what to do and i was in miami last week at the debates and every single one of those candidates went to facilities and draw attention and condemn whats going on down there, but again, not necessarily offering any solutions to solve the problem, thats the issue. Dagen well, they want to give Illegal Immigrants health care which they all raised their hand in second debate for that but thats a topic for later in the show. Coming uptaking on big technology, President Trump acting twitter and facebook of being against him, why he says they could be acting illegally and sold largest home in la with very famous name, how much straight ahead vo the hamsters, run hopelessly in their cage. Content on their endless quest, to nowhere. But perhaps this year, a more exhilarating endeavor awaits. Defy the laws of human nature,at the summer of audi sales event. Get exceptional offers now. Youre smart,eat you already knew that. But its also great for finding the perfect used car. Youll see what a fair price is and you can connect with a truecar certified dealer. Now youre even smarter. This is truecar. Dagen Atlanta Journal constitution writing Georgia Court agency was hacked in ransom attack, infecting a statewide court Computer System in georgia, all Georgia Court courts. Gov websites are shut down for the week. Sports betters wager 318. 9 million compare today 17. 4 in nevada, first time a state took more Sports Betting of money since nevada. The Los Angeles Times writes this, big home, big deal, the manor in hills set new la county price record at 120 million, the recordbreaking sale to appear in Public Record but done deal according to sources who talked to the la times, the home formerly belong today hollywood producer Aaron Spelling and his wife candy. She had a room in the house just for wrapping gifts but she has moved out some time ago, i think she lives in a condo now, very expensive condo. My football buddies couldnt afford that house, i mean, what do you do in there . Seriously, its bigger than the white house, i think. Dagen yes. If you need from space from your spouse. Dagen if you have that Walking Around money theres always private jet so you dont have to be in the same country as your spouse. I want to see the closet. Me too. Can you imagine . Yes, actually i can. Dagen, no i cant because i live in new york city apartment, thank you so much, President Trump warning tehran it shouldnt play with fire, we have the latest, high gear hiring, Elon Musk Boring Company job p