Transcripts For FOXNEWSW Your World With Neil Cavuto 2019100

FOXNEWSW Your World With Neil Cavuto October 2, 2019

This is the concern for the u. S. Growth. And also we had private payroll coming in better than expected for the month of september but pretty much solidified the fact that we are dealing with Slower Growth in jobs. And last we saw 214,00 214,000 s each and every quarter and coupled with the manufacturing gauge, yesterday the weakest in ten years. That has people concerned about reality of the slowing u. S. Economy. And when that will eventually hurt the u. S. Consumer. So the likes of coal, passed by the retailers taking a hit today. Also wall street felt a bit of panic and concerns on news reports Bernie Sanders will be taking time off of the campaign trail because of chest pain. Having two stints put in and does give the advantage to somebody like Elizabeth Warren capturing the nomination. Warren, attacked the stock and bond trade and so that had wall street having a bit of a gut check. Lets keep things in perspective since we are looking at the first nine months of this year. The first three quarters of this year have been the best s p going back to 1997 for the doubt industrial jones, the best since 2013 for the nasdaq best in two years. Things arent that bad for the entire year, but a little bit of a gut check since down 900 points for the dow jones, neil. Neil it is october, thank you very much. And guess reportedly finding out the organizations, does that mean that it is about to hit the fan . I practice that ten times. John roberts in the white house with more on that, interesting day. That is one of those things, it could be career ending. Glad you got the former and up the ladder. This was a bombshell report that the New York Times had, a hit literally minute before President Trump walked into the east room for his press conference with the president of finland. And i had asked the president one question about whether he would cooperate with the subpoenas that were soon coming from the white house to capitol hill. The president said he would, though i suspect if they are not going to fully comply with the subpoena. So we will have to wait and see. But then i told him, asked two questions with fresh answers to both and they tried to block me from answering the second question. Look, this is a question that you are going to want to answer because it was the New York Times report and the staff member the House Intelligence Committee got an early headsup that this whistleblower complaint was coming because the whistleblower met with the staff member and went over some of the process of filing the complaint made over some of the information as well. Some of that information was passed on to adam schiff though the New York Times said adam schiff was never told whistleblowers identity. So i asked the president to react to the report today and listen to the exchange. There is a report that came out just before you in terms of an initiative when you walked out here that the whistleblower met with the staff member of adam schiff. I left that question. It shows that Adam Adam Schiff is a fraud. Thank you. Your response and that adam schiff may have learned what they knew prior. I think it is a scandal he knew before. I will go a step further and i will say he probably helped right it. There is no evidence the whistleblower helped right or that adam schiff helped right the whistleblowers complaint or the staff help right the complaint. The house committee, the House Select Committee intelligence simply said the whistleblower contacted for guidance on how to report possible wrongdoing within the jurisdiction of the intelligence community. This is a regular occurrence given the unique oversight role and responsibilities and at no point did the Committee Review or receive the complaint in advance. The president was asked about increasingly harsh language about the whistleblower and whomever at the white house it might have been that deliver the information to the whistleblower, using the word spy and treason prompting colleagues defamation for reuters to asked the president if he describes anybody who disagrees with him as treasonous. Here is what the president responded. I consider when they lied, when they stand before the great body in their Great Chamber and they make up a story that is fiction like schiff did, he took that perfect conversation i had with the ukrainian president , and he made it into a total lie. It was a total fabrication. Neil immediately following the outcome of the president got testy when jeff followed up with a question, what was that you are seeking from the president of ukraine regarding general biden . The president doesnt usually get testy with jeff so it is an indication, neil, the president is getting increasingly frustrated how this impeachment inquiry is consuming literally everything political in washington these days. Neil you were remarkably calm with that exchange with the president. I dont know. That was tough pressure there. Two tablets of valium every morning. Neil hey, look whatever you do buddy. Thank you very much, by the way, the whistleblower, making a statement on all of this, in a second. And i can and equivalently say. The whistleblower, with the congressman schiff about this and this matter so we will follow up on that. The big selloff for the president on this impeachment push yesterday, of course, 300 plus. The federal reserve, and, this is all impeachment. What do you think . I would not say all impeachment worries, but certainly one more uncertainty that goes along with a lot of other points we have been following. The weak manufacturing yesterday from europe. We said this unrest in congress, some of that footage was disturbing. The u. S. china trade talks to resume next week. Infantile inventories doubled which means investors are we really slowing down even more . I think there is a lot of attention on the jobs report. There is a lot of things for investors to manage. The one i would say they would offer, yes, manufacturing was terrible, right, clearly a bad number. But 10 of the economy is manufacturing, 90 it services. So i would say before it sets in, there is at least that one point to keep in mind. Neil it is funny because part of the argument has been numbers are slowing from where they were. But this is a case of contracting. And does that change the picture . It does and i would say impeachment has nothing to do with it. I spent a good part of today talking to investors and traders. Neil because i dont think it will happen. Its just not going to happen. They take that off the table. What you have, again, neil, a debate in the market. I cant tell you if we will go into a recession. I cant tell you if we will go into a slow down. We have conflicting numbers, some good numbers, some bad numbers. Todays good numbers causes algorithms to kick him. And we will know soon enough when you start seeing gdp corporate earnings. Neil jobs numbers on fridays, liz, that is what you watch too. We will watch the ism Service Numbers which is very basic, and manufacturing is a pretty small part, 10 or thereabouts, the economy may be 11 , only 8 of jobs, by the way, probably ism number so concerning neil for people who buy stuff and they are not buying much. Keep in mind, that is just a survey of the people. People saying i feel good about it but not hard numbers. Neil they are cautious apparently about the trade environment. We have seen that kind of creeping into the numbers increasingly. By the way, that is real numbers like capital spending. But what i was going to say, and i think china news is not particularly favorable, the hong kong situation. I think you have to question the president s weather week in hong kong and weak negotiating with the United States. That is a real problem. Neil i wonder, i need a deal more than the president. He cant look weak in the face of a trade deal. Historically for chinese but i will make this one point. And interesting statistics on fox news today that trade, we saw tariffs and everything to wipe out 40 of the positive stuff on the tax cuts into the regulation. Do you remember that number . It was fascinating. So trade, even though we are talking manufacturing a small part of the economy, all this trade stuff could really impact but keep in mind, trade hasnt disappeared. We are importing much more from vietnam. Neil what do you make of that . I would say to both of your points, really its about confidence. And i understand a Business Leader saying come i dont know what to do. What if i had plans to build a manufacturing facility in china and now i have to reroute. Neil by the way, its not that they cant but just at the time, they have to wait. You msc, tariffs across neil fet is what they teach in government. And that is what they are teaching them because if still laying on this next canadian american trade deal, that is not a good thing. But i dont think that was going to happen anyway. Neil you didnt think they were going to vote on that . A win just before the election. It just shows the trade policy. Let me tell you something, one realistic substantial problem for trump in 2020, it is not impeachment really. Because he will not be impeached. It is the economy through flowing up because of trade policy. Neil we are not there at. Business leader say fine, maybe i move a factory to vietnam but the Trump Administration, will we fall out with vietnam for another reason . Neil many already have. Thats part of the problem, right, it takes a long time. You are a hater. I take a valium every morni morning. The thing i remember, the corrections in the market about every two years we have a 10 correction. Neil now we are 5 off of our highs. Weve had a great year so far. It takes a little money off the table. Neil all right, guys. We have a trade war. Its a little different. Neil by the way, where is the floor vote on impeachment . Nancy pelosi said if it comes to that it would be republicans, not democrats being put to the test. A tough republican on that very issue after this. When youre looking for answers, its good to have help. Because the right information, at the right time, may make all the difference. At humana, we know thats especially true when youre looking for a Medicare Supplement insurance plan. Thats why were offering seven things every Medicare Supplement should have. Its yours free just for calling the number on your screen. 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We have local Senior Living advisors who can answer your questions about dementia or memory care and, if necessary, help you find the right place for your mom or dad. We all want whats best for our parents, so call today. We plan for a full vote on impeachment. There is no requirement of votes. That is not anything excluded. And by the way, some republicans are very nervous about bringing that vote to the floor. Neil welcome on my next guest the minnesota republican chairman congressional committee, and he says it is democrats who are nervous. Your sentence, and its good to have you, congressman. If the democrats are getting nervous, then shes moving too fast. They understand, but i dont think they all do. Some live in a bubble and think they are winning. We will release some polling tomorrow morning. I will give you a piece of it. Twothirds of the voters, twothirds of the americans in the districts we targeted, the majority believe that this socialist democrat majority in the house is way too obsessed with their hatred of this president and need to impeach without facts rather than doing the things they expect them to do. That does not bode well for them next fall and thats why they will lose the majority. Neil so you are convinced the house flips . I am convinced. Neil this is only one of them and if you think about it, neil, they talk about the suburbs all the time. They will have a difficult time selling this radical agenda to get rid of cars, hamburgers and all fossil fuels. To kick people off private insurance. It will be very hard to sell that in the suburbs where people actually are paying attention. Neil is it worried when you see a dip like this in the market . Often and always do. So leaving that aside, the trigger for this, with this notion that may be the is sputtering. And instead, a lot of guys who run those factories are cutting back on spending, not spending nearly as much, cutting back on hiring if they hire at all. That all of this could be collapsing at the wrong time. Yeah, i dont think so. There are reports a month ago 43 of economists interviewed thought we were on the verge of a recession. What were we going to call it . Help wanted recession, with unemployment down 1969 levels. We have an economy growing that as we get through it come if nancy pelosi and company would allow the new nafta coming usmca to come to a floor for the vote neil that will not happen. They are too obsessed with a hatred for the president. Neil almost a year ago, it will not happen before the election. Right now this socialist democrat majority is so obsessed with their hatred of this president , they are not interested in working with the republican colleagues in the house. They wont work with the republicans or anybody else in the senate and they will not let the president get anything done including um sca. They will lose majority next fall. Neil do you have problem with impeach ability or the tone of the president s conversation, talking to the australian Prime Minister and asking for help, you know debunking the probe. Or ukrainian leader, in looking into joe biden and his son and that relationship. Just mentioning doing that, do you have a problem with that . I tell you what is inappropriate. What is inappropriate is this obsession with hatred of this president that you would do anything to undermine the american administration. Neil but that alone, on any level, and some colleagues have expressed they wouldnt do that themselves. Which scott was telling me that mother republicans, but that it did not pass the test. There is no crime here. And yet they throw the term impeachment around like we throw candy around on halloween. I will tell you what is disturbing is hunter biden getting 55,000 a month from the ukrainian natural gas company. That stings. Neil you look into this and we should look into that. I think everybody should be looking into that, absolutely. Neil so biden is sinking in the polls and Bernie Sanders on the sidelines, are things going to be all right with his heart stands. Elizabeth warren emerges as the front runner among the democrats. How do you feel for the time being about that . If Elizabeth Warren is the candidate, not only will that reelect donald trump, but again, because of their obsession and hatred for donald trump. The fact that they promised this new socialist democratic majority promised they would get things done, they are not working on reducing the cost of prescription drugs. They were not working on surprise building. They are not taking care of things like um sca to get the trade agreements in place so we can start moving products. Because of that, neil, they will lose majority in the house as well next fall. Neil when the president will earn reelection. Yes, he will. Neil congressman, he is the chairman trying to get republicans elected to the house. It could work and they could be in good shape. The president literally thinks New York Times report about adam schiff gives him an edge. Does it really . After this you can get a satisfaction guarantee. You can also wonder why our competitors dont offer that. Schwab, a modern approach to wealth management. Neil all right, it is congressman adam schiff, when did he know it . On capitol hill with a meeting and some eyebrows raising, hey, mike. Neil, good afternoon to you adam schiff and he responded to the New York Times report saying like other whistleblowers have done before and since, the republican and democratic controlled committees, the whistleblower contacted the committee for guidance on how to report possible wrongdoing within the jurisdiction of the intelligence community. The New York Times said adam schiff learned about the outline of the cia officers concerns that President Trump had abused his power days before the whis

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