Transcripts For FBC Making Money With Charles Payne 20170406

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may have to do about it that has come to the forefront. the president set to be briefed if he hasn't been already by his national security adviser the secretary of defense james mattis as well on a way forward on a plane forward. what they may or may not do. other top officials here in florida with the president for this showdown with china. now the issue of syria and how to go about it. it's at the forefront as well. what should happen. i think it is a disgrace for humanity. he's been a think that should happen. the secretary of state rex tillerson also here. on his way down. he was asked by reporters if a coalition should be put together to try to remove him and tillerson said those steps are underway. this is a remarkable change from the administration over the past week when they said last week that the regime change was not at the forefront but then you have the present yesterday saint after he saw all of those images and has had an effect on him. he must be flexible. you've a major meeting among the top principles as to how to go about syria and what to do there. thank you very much. military action is taken to syria. what option does president trump have quacks from what i understand what i've been reading there are five things that don't necessarily had to be singular options by things on the table. the strategic air strikes. the establishment and also ground forces how do you see it playing out. there is an expression in the courts the hard cases make bad laws. war crimes if you will can often make bad judgments seemingly necessary and i think of the five options that you mentioned. none of them are very appealing because i think basically what you have to weigh here is donald trump ran against nationbuilding. we wind up taking most of the steps in getting embroiled in an appalling syrian civil war. in getting the aircraft and pilot embroiled in this is in our long-term and strategic interests. if you really want to punish the president of syria if you want to not enhance the stature and capabilities of his most important opponents namely al qaeda, the muslim brotherhood, the islamic state. if you want to hurt his sponsors if you want to discourage his russian patrons i think one thing that we can and actually should do which would be a problem for all of the foregoing would be helping the kurds. and whether that means recognizing that they should have a state of their own which i think makes sense and otherwise be a force. we admire what they have done thus far it's been remarkable. i think most americans should agree. we should help them more. i just want to let you know that fox news with senator mccain saying that we should round those planes and try to pilot who actually dropped it. the chemical bonds if you will. something strategic to that effect with that be without be something that you think would be okay. to ground those planes alone to find and somehow prosecute those. it would involve a great deal of american engagement. i don't see it. with all due respect he's been a friend of mine for a long time. i think he simply wrong on this. i don't see the vital interests of the united states being at stake and i don't think has attempted until this horrific war crime and i would just appeal to him for his decision or his desire is understandable by getting into this mix that i think would be harmful to the long-term interests. i also want to bring in our performance -- former congressman for their thoughts on what is obviously a dramatic shift with respect to the trump administration joe, again. some of these options would be no fly zone. the establishment of safe zones. even ultimately ground forces the game has changed in the last 48 hours. something has to be done. there are no good options because this is complicated. the other terrorist group. they are all about a characters. donald trump rannd got electedecausee promisedo stay out of civil words like this. and it is amazing that in just a week he is flipped on this. the pictures are horrific. but this is not our fight. if you do anything he ought to privately work put in in russia. they can do something about that. they are sanctioning this. i understand we could turn a blind eye. and i think that's what we've done with respect to the so-called red line. it seems pretty clear that president trump that something has moved him. i was a strategic air command. and essentially said bond them all and let god sort it out. particularly in the middle east. but now when you start to see images of children and things like that it certainly changes the dynamic at the white house. back then we were about 48 hours away from going to war. this week they were using the phrase red line. there have been recent reports back then. there is a sense that we are mobilizing to go to war at that moment. we never ask the right questions. it is immoral. it's not what should we do has to start with what can we do. as a u.s. capable of doing in situations like this. we are really good at changing remes. as with the military can do very effectively but then those things that we do are they can make the world a better place a world from now. we have a much spotty or track record with all of this. we can try to create a safe space that's really difficult. that doesn't sound too bright right now. if we work back from what we can do in the space i'm going to agree with joe walsh. that never happens. in this case it is absolutely right. we should not be letting a motion drive the use of military. need to think a different way. one lesson learned is that we can't force democracy and other nations and removing strongmen or dictators has backfired miserably with respect to foreign policy beginning with iraq but again i will come back to you on this. i know there's some grappling going on. this is not me this is the white house. he has been emotionally moved here. some court trump voters are concerned that they have gotten into the ear. we have got this let's listen to that. many think it's folks like that eager to go to war. let's listen first. e one is the immediate response. no more flying. if it does it will be shut down. is that too unreasonable among the airplanes that are flying on behalf of of them. they are russian aircraft. the logic of what they've just said is we organize shoot them down. i don't think that's can happen. i'm simply saying pause, reflect on this. sort through what your actual long-term interest is and i'm not a fan i think i would love to see that guy go. i'm concerned most especially the guys like john mccain who have been a man --dash enamored may think that bringing them in as the next government of syria is going to be in our interest. that's not the case. so finding a way to punish these guys yes but help good people and i think the kurds are as good a group as we got there. maybe the way to go. sending shockwaves after he recused himself from the russian investigation. this isn't rice drama continues. we will be right back. ♪ ♪ you have access to the right information at the right moment. ♪ ♪ and when you filter out the noise, it's easy to turn your vision into action. ♪ ♪ it's your trade. e*trade. start trading today at etrade.com e*trade. at crowne plaza we know business travel isn't just business. there's this. 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whether he properly disclose classified information. but how much political damage has been done and where is his investigion go from here. guysth was somhing about bombshell considering he was saying just recently why should he step down. but the same token i'm comforted by the fact that paul ryan said listen this whole thing has continued on there is still a serious desire to get to the bottom of all of it. i think ultimately this will help settle some of this has been around -- around the committee. just a day after he approached the white house and he told the public and that he knew something. he was expressing some regret. i'm a little confused as to why he stepped away from the investigation entirely. ultimately if the investigation results in a negative outcome they believe that they were improperly disclosed in the classified information. i i'll see him lasting anyway. my sense of this is if he does or doesn't it really comes down to where the ethics committee comes down. his private attorney has already met with him. we don't know what's going on in his own statement he professed that he thought this was a tactic on their part. they appear to have flip-flopped in the matter of a few days on how she proceeded with all of this. and even putting a harsher spotlight on her role. she should be called before congress. the interesting question is this. the people that filed these. they told them to disclose information. it is no longer classified. it would not be improper disclosure. you either had to pick one or the other. they say this needs to be investigated because of improper disclosure. if the president tells him to do so it's is no longer improper disclosure. the president of the united states. the guy is allowed to see information. listen. i think maybe perhaps it was the right move because it feels like this week the pendulum changed a lot and we are probably getting a lot closer to the unmasking who ordered it. i think the general consensus is probably susan rice if she's guilty was acting on behalf of someone else. susan rice has been described as like a sister to president obama. she works in the white house. she is unmasking the names of the signature political opponent of your entire party. if you're not telling that to the person in charge something is wrong in your work environment. my sense is that the former president know something about this extent to which that is involvement or request. who knows. the idea that she was freelancing doesn't sound right. some bind it conspicuous that the former president president obama hasn't spoken up about this maybe they don't have phones in tahiti. thank you both very much. the senate goes nuclear on the supreme court. neil gorsuch well probably be on the supreme court but the big question is what will be the political aftermath. that is next. ♪ what we do every night is like somethg out a stran dream. except that the next morning it all makes sense. to power global e-commerce fedex networks are massive, far-reaching and, yes... a little magical. fedex.com slash dream at angie's list, we believe there are certain things you can count on, like what goes down doesn't always come back up. ♪ [ toilet flushes ] ♪ so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list. because your home is where our heart is. a firestorm on capitol hill today. they invoked a nuclear option which means neil gorsuch only needs a simple majority to be confirmed. that means tomorrow night perhaps during our show history will be made even as democrats worn they blasted on the nuclear option just a few hours ago. there is a reason it was dubbed a the nuclear option is the most extreme measure with the most extreme consequences in joining me now to discuss is my panel. david, i want to start with you. the last 2448 hours with charges of plagiarism and things like that it must've been pretty tough for you to watch this man in his legacy been dragged through the mud. >> thank you for having me today. it has been tough. but i also know that these things are completely baseless. i know he has the highest integrity i worked with him for a year behind the scenes and he only had the highest ethical standards. while this change once he is on the supreme court well have any sort of impact with respect to his legitimacy will the democrats called out from time to time when there are decisions made that they don't agree with? >> i certainly hope not. they also had very contentious nominations and now that they're on the court i think it's widely considered that they are preeminent. i certainly don't think it will impact the legitimacy of the future justice gorsuch. are you okay with the idea. on something as critical as a supreme court seat. >> i think if i have any other reservations about them i would've voiced the men. as someone who cares deeply about the federal courts. at that level they are also just as important. i sort of deal like this feel like this is a bridge that they are ready cross. and to ask them to play by different rules that democrats would be unfair. the "nuclear option" option. why do they call it the "nuclear option" option. it's not in the constitution. there is a time or the rules of the game. why is it considered now by the way both sides of the aisle this was a dire move and why would there be negative consequent is because of it? >> that democrats want to wind. from now on of course you can get a 67 vote in the senate to go back to the old rules. what is this habit is such a dangerous road to go down when it seems like this is sort of common sense for most people. it's already a tense environment. and this might make it even more tense after the confirmation tomorrow. the thing is the republicans did not want to allow the democrats to filibuster and stop this confirmation. what they did was invoke the nuclear option so that way you could shut down debate vote on it along party lines and then they voted 55-45 to make sure that we can move on to a confirmation vote that will take place tomorrow afternoon. >> i want to go back to you and get a greater sense because it will be living with justice gorsuch for a very long time. they are to be qualified one who follows the law wherever it leads him. to decide cases without fear or favor of anyone. i think he's going to make our country proud. with a consider that the cases come up. with that influence them at all. the judge will rule only on the law and the facts. he will not rule in favor of anyone based on the identity of the parties before him. thank you all very much. we really appreciate it. and of course the next 24 hours in a shape the future of chinese relations for a very long time. there are a lot of topics to be discussed. we will go over them next. y a ce university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer network streamlined and nimble. businesses count on communication, and communication counts on centurylink. i'm 51 years old.m. when i was diagnosed with pneumococcal pneumonia, it was huge for everybody. she just started to decline rapidly. i was rushed to the hospital... my symptoms were devastating. the doctor said, "pam! if you'd have waited two more days, you would've died." if i'd have known that a vaccine could have helped prevent this, i would have asked my doctor or pharmacist about it. .. charles: it's the trump-xi summit and the stakes are very high. china's president xi talking trade and jobs and global security on the line. here to discuss it, gideon rockman and steve cortes who helped donald trump during the campaign. gideon, you spent a lot of time in america and china. there is no doubt china is an economic juggernaut. can we detain them to where americans feel there is a level playing field? >> trump attacked china during the campaign saying that china was raping the u.s. economy. china says if america cracks down on them, they will crack down on companies in china. charles: could one of the angles be to have them open their market more to the economy without the stipulations that you have to partner with a chinese company that will be a shakedown to the protection of our intellectual property? >> i think that makes sense. the talk of 25% tariffs makes the headlines, that would be a last resort. trump and his people wl be concentrating on those issues, the non-tariff barriers. i think the chinese will probably move a little. the question is what you can hold them to. charles: steve, china joined the world trade organization in 2001. from that point to now our exports to china went up 500%, our imports 300%. but the $60 billion deficit is what people are reacting to. because they connect the dots to lost american jobs and lost american future. steve: the average american worker has not seen a pay increase in this century. it was a disastrous decision to allow china to joint wto without reciprocity. on top of it, shavie subsidized industries. you talk about the theft of intellectual property. there is a level of corruption in china that would make a chicago alderman blush. don't listen to the mainstream media that china can boss us around. trump realizes that this is a poker game. we are looking at our hand and we are holding a straight flush. he's going to negotiate from a position of strength which is the economic and security reality of china. charles: what about taking a hard-line approach, gideon. to steve's point. president trump talked the talk, he will have to walk the walk. and he has the american public behind him. i have gone through this with my audience for a long time. i say it will cost you a lot more to buy a tv set and sneakers and socks. they are willing to fight the fight if they think at the end of it there is economic justice. >> i would be surprised if he went that far. but maybe he will surprise us and walk the walk. but i think what steve bannon call the globalists, they have been whispering in his ear. charles: you think he's tempered his -- your book, it seems like you feel china -- will china be the winner ultimately? 15 years from now. 20 years from now. will they supersede america? >> not globally. in asia they will be the dominant power. asia is the cause of the unlevel economy. trump has to decide which is he going to prioritize? the trade issue? north korea? charles: steve cortes, do you think china helps with north korea? i think they want some news out of this president trump can tweet about this tomorrow and consider a victory and they can take home as well. perhaps north korea will be it? steve: even though i'm hardened i think trump will take a hard line. in the end we should prosper together. the fact that xi came here, that alone says a lot this early in the presidency with his wife on an official visit. charles: it happened a lot sooner than everyone thought. steve: my guess is they will come out with something constructive on north korea. charles: is another rollercoaster due to the jobs report? charles: twitter suing the u.s. government, challenging a demand to disclose a user account that unmasked president trump. charles: for the second day in a row the market stumbled on closing. unlike yesterday, the major indices avoided closing in the red as the late buyers did emerge. but this old bull market facing new hurdles including geopolitics. while major equity indices eked out gains, crude is an unstoppable mini rally, if you will. no matter what, foreign policy, domestic, the big jobs report is out tomorrow. this report has ba blockbuster number for a number of reasons. wall street needs the fuel, main street needs the hope, and the administration needs the win to push the rest of its agenda. i want to bring in joni courtney. i think it will be north of 200,000. and manufacturing data really strong. 4.7%, what are your thoughts? >> the economists are saying the number will be 175, 185. some are revising the numbers. i think it will be north of 200. the last month we were at 209. and then we saw a report saying 263. companies are hiring. charles: is it across the board? >> across the board. healthcare has. ben: strong. one of the businesses i run is in the energy sector. and that sector is starting to add jobs. they are hiring people. they are ramping up. other sectors i see doing well continue to be healthcare, information technology, finance, accounting, the professional jobs. and i'm optimistic about the manufacturing and construction. charles: the goods-producing numbers, the mining, the construction. that was a hard-hit area of the great recession. that helped ppeprident trump to the white house in the first place because of policies that hurt their industries. and the malaise we have seen. they have come back in a big way. do you think we could see outside gains here? >> i do. president trump before he was even in office, he went out and met with carrier and tried to focus on the manufacturing jobs. that was one of the first things he did. we started to see manufacturers look at hiring. last month, 28,000 jobs were created in the manufacturing sector. i'm looking for a big number tomorrow. but we have to remember the types of jobs coming back in manufacturing, they are different. they involve technical skills and, you know -- charles: they pay better than they used to pay. i want to ask about the issue of pay. taking a look at anecdotal things, 5.6 million job openings. people are quitting their jobs. then this morning we have the initial jobless claims. we are back to the 1970s. that's got to suggest a dearth of workers out there. that has to suggest higher wages have to start coming on. >> we'll see movement in wages. we thought we would see movement in wages for almost two years and we haven't. but now is the time because of the skills shortage. employers are being forced to do two things. one is to increase wages, and two, they are very focused on engaging their employees because they can't afford to lose them to another company. if other companiesre staing to pay more, they are focused on recruitment and engagement and retention strategies. charles: to frustration on wall street because of the pace of the economic agenda. are you hearing from any of the executives any sort of timeline? we want to hire, but we want to see things happen immediately? or is this a position where the companies were locked down for so long, they want to grow? >> employers are optimistic about hiring. but i think there always is some uncertainty due to what's going to happen with tax reform, what's going to happen with healthcare. and even looking at what's going to happen with immigration. all of those factors are going to impact employers and uncertainty. but i will tell you they are optimistic. they realize they have to hold on to their employees and they need to start paying more to be competitive. i think it will be a good job report tomorrow. charles: i'm going to hold you to it. coming up, the federal reserve it's the most powerful entity in the world. the question is did they declare wharton trump nationalism and the stock market rally yesterday? >>he fed is soolitized it's trying everything it can to put the economy into a recession. they are trying to stop trump dead in his tracks. charles: you don't think they would have done this if there was a president hillary clinton in office? >> i absolutely do not. charles: talk about a bombshell. is this latest battle in the war between economic nationalism and globalism? here to continue the debate. jeffrey cleveland and. shelby: holiday. the fed and their central relationship with donald trump, i think this kind of stuff will pick up. those minutes yesterday were pretty tough. they dimmed the rally and they seemed to dis whether trump could even get some of this stuff done. >> they are saying what everybody else is saying including paul ryan, saying we may not see tax reform until 2018. and that's scaring investors. it was baked in that we were going to get these things done in 2017. donald trump started a war when he said janet yellen is political. you could make the case she is, and you can make the case she is not. they have to temper expectations -- charles: why? >> we have a president who says we'll grow the economy 4%. the fed s that and says our members don't believe that. they walk a very fine line. charles: they didn't walk a fine line. the federal reserve knows its ability to be able to jawbone things up and down, they know how to use that tool as well as anyone else, and so does the white house. if president trump says we can get 4% economy, and a lot of people believe it, it helps a lot because it's self-fulfilling to a degree. >> central bankers have enough on their plate with inflation and the interest rates. but they should stay away from my portfolio. let investors sort that out. and on that point, charles you said in the previous segment, the key thing i would tell listeners and vi for if they are worried about the recession are the layoffs. we are at the lowest level of layoffs since the early 1970s. and we had a much smaller population. i don't see hints of a recession on the horizon. and i don't think moving up the federal reserve's rate incrementally will push us into a recession. charles: irrational exuberance from allen greenspan knocked the market for a month. people who sold their stocks on that news, maybe they regretted it. i would have thought that would ve bent lesson, does feel like why would they step out of their lane that has been established because they have a tough job that involves credibility. >> i'm a realist. part of it is forecasting and they have to look ahead and say if we raise rates too aggressively as the forecast is too aggressive, that does hurt the economy. in a way they are justifying why they aren't being extremely aggressive about these rates. charles: as long as they keep politics out of it. it looks like president trump will have to use that big stick sooner rather than anyone thought. we'll be right back. with e*trade's powerful trading tools, right at your fingertips, analysis, level 2 data, and a team of experienced traders ready to help you if you need it. ♪ ♪ it's like having the power of a trading floor, wherever you are. it's your trade. ♪ ♪ e*trade. ♪ ♪ start trading today at etrade.com ♪ ♪ at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. charles: president trump track eling global issues that stretch from trade talks with china and north korea. a lot is on president's plate, some was not planned. we'll see what happens tomorrow with respect, tonight rather with respect to north korea. but what about notion of hostility, military action with noablg nort north korea and syria. >> we're a long way from put america first and make america great, all of a sudden there is a world. i issuwish we would learn. i am talking about syria. these people in that part of the world, they have been fighting each other for hundreds of years, this is not our fight, we cannot pick winners and losers there. i thought trump would understand that, i think he does. but he is surrounded by people who want to engage. charles: we should have learn our lesson, we have not, to a degree we have always worn the hat police of the world. if a strategic action that feels like it will send a message without getting us further involved, would be that enough to appease main street and wall street. >> i don't know, i think that would be better than getting us more involved, just an airstrike or something like that would be better, and for those who elected him. one thing that got libertarians and his people, he did not have a neoconservative typically establishment republican approach, the last 24 hours have been scary to some of trump's supporters, it looks like he has flipped on what he ran on. like say, put america first, stop investing money and blood in the middle east. charles: some people wondering, timing of the demotion of steve bannon, and rise in power of people like jerry kushner, a see change in the white house, how will heartland voters take it. >> it is the president's responsibility to take that input and make a decision. he did promise throughout the campaign he would avoid foreign entanglement. i think he owes it to people who supported him, and american people broadly, good epla explanations for why we should be sending troops anywhere. charles: also admit that g.o.p. as it messed up the trump plan with health care. there is speculation that president trump might be will be to go with debt with to get infrastructure going and bring in more democrats, would that upset the core audience? or bottom line getting something done in a place where things hardly ever get done? >> i think that is a 50/50 call, it will upset a lot of his core audience, and the freedom caucus and guys like me, he is signaling he wants to work with democrats and a victory, but a trillion dollar stimulus, infrastructure plan is not making up conservatives happy. charles: but i have a filing between the conservatives and tuesday group and the others, president trump is someone who gets it done, he may not care about politics as usual as long as he gets w's on the board and more job. >> a mission hav >> here is lou. lou: president trump and president xi jinping are having dinner at president trump's mar-a-lago resort, their first face-to-face meeting, president trump is expecting a difficult discussion, even more difficult negotiations on the issues of north korea and trade. >> it is going to be very interesting, nobody real knows, we have not been treated fairly on trade for many years, no president has taken care of that, the way they should have. we have a big problem with north korea, we'll see what happens. lou: president xi and the world e now aware that first american agenda is in effect.

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