Skip to main content

tv   Cavuto Coast to Coast  FOX Business  May 9, 2018 12:00pm-2:00pm EDT

12:00 pm
china's economic terms of economic dominance. they are a main foe on many levels. you will want to watch that show. real quick look at the big board before we go. the dow still hanging in there. we're up 15 points. all the indices are higher. neil, i gave you a small rally. take it away. neil: wouldn't the be great if they held the meeting in the catskills or poconos? no way we would see that coming. charles: have a time-share. neil: come on over here. you can stay here. thanks, buddy. we'll watch closely. we might get a hint as these fine folks are saying next couple days. i'm neil cavuto. you continue to watch business coverage on the fox business network. this is the place you go to put it all together. president is holding a cabinet meeting. there might be a opportunity to hold a pool spray to go back in there. the president is optimistic about upcoming north korea talks here and those three hostages on their way back from asia with secretary of state pompeo and the president as charles
12:01 pm
indicated will meet with them as they arrive at andrews air force base, it will be 2:00 a.m., eastern time, when they arrive. they covered a lot of ground. peppered with questions about breaking away from the iranian deal. you hear the chants death to america. i love when i see the chants. that is not from the kids on the streets. that is from the leaders of the government, they're chanting it, inside of parliament, what have you. be that as it may, the president is warning iranians that they should think twice if they're looking to sort of renuclearize here. to former presidential envoy to iraq, ambassador paul bremer on these quick crosscurrents. ambassador always a pleasure to have you. thanks for coming. >> nice to be with you, neil. neil: the president first off on the developments out of north korea and the release of these hostages what do you think of that? it was sort of like an opening gesture on the part of the north koreans for the upcoming talk. what do you make of it?
12:02 pm
>> it is obviously good news particularly for the families of these hostages but it's a clear reminder of the brutality of these guys that run north korea. they imprison, torture, kill their own civilians. in this case they basically took innocent americans as hostage. we don't owe the north anything for this. they stopped. stop saying when a man stops beating his wife, we ought to thank him. that is not right. he shouldn't have been beating his wife in the first place. neil: here we are, in the original talks, mike pompeo met as cia director with jim jong un. that was not precondition. but something he said at the time would have been nice to get a gesture going, so the promise of constructive talks could get going. apparently he met with him again. longer we're told, ambassador maybe hour 1/2. what do you think they're setting up here? you sort of want to set broad
12:03 pm
parameters of the talk. i guess henry kissinger filled that role for richard nixon ahead of his famous visit with mao tse-tung, but i'm wondering what is being done behind the scenes that we might not know? >> well as a general principle no president should go into a meeting, particularly with an adversary without good preparation. it is encouraging pompeo has been there twice, which means a bit of work before any summit should take place is hopefully taking place. the fact he met for a longer time suggests that is the case. one hopes they're beginning to come up with an agenda where the meeting is and so forth is much less important than what they're going to talk about. neil: the second meeting in as many months that the north korean leader had with xi xinping, he flew to, didn't take a train what do you suspect is going on there?
12:04 pm
two things. i think both the americans and the north koreans recognize there will be no solution, if there is going to be a solution on the north korean nuclear issue that doesn't involve china and i think secondly the chinese could see we were moving ahead with the south koreans and they wanted to get back in the game. so they invited kim twice to visit to have discussions with president xi. it is perfectly logical from the chinese point of view. they want to keep in the game. neil: the president's manner, the way we're talking with the north koreans and two leaders are chatting, he is, you know, he has torn up the books on what is normal diplomacy route to go. and it has brought us to this point. if he succeeds here, will it change the way we go about international diplomacy? >> well it would certainly validate the way president trump goes about it because he would
12:05 pm
conclude it had worked. i think we're a long way from success in north korea. i'm not an expert on the region but it strikes me when the sides sit down and talk about quote, denuclearization, we're going to fine that means very different thing to the north koreans than it means to us. the north korean goal is to separate us from our allies in south korea, and the chinese goal is to separate us from further allies we have in japan and elsewhere in the region. so this is a summit fraught with great difficulty i think, and i'm glad they're making preparations. neil: ambassador, the president said he would walk away if the course of these talks were not proving constructive. he has not indicated what would prompt that but what do you think would? >> i hope he doesn't define it publicly. it is not a good idea to define it. it is certainly a very high-risk
12:06 pm
for him a high-risk meeting because it is too easy to fail on the issue i talked about, presence of troops in south korea and maybe in japan the presence of nuclear weapons anywhere. so there are very high-risks of failure. i think now, i mean if they were asking my opinion, which they're not, i would be pretty quiet what they expect out of this summit. they need some latitude to be able to come out of it without a failure. neil: ambassador, thank you very much. good seeing you again. >> nice to see you, neil. neil: oil is frightened about what is happening, oil traders are. in and out of a four-year high. the 10-year, we're getting used to this, back around 3%. stock market is up, oil issues a big reason. chevron and exxonmobil as i take a peak. both issues are up. it is dis disportionnally
12:07 pm
weighted in s&p 500. oil can work for you or against you, maybe against you in the summer driving season when you look at higher gasoline prices but we'll see. we have jack mcintyre and keith fitz-gerald. jack what do you think of that? it is push pull with oil. it helps with key components when oil prices rise. longer term, if it stays high doesn't help his or her consumer in their buying. what do you think. >> i agree in a oil based consumption economy. it is quickness of that rally which will really do some damage to the consumer. to put it in a point of reference, that tax reform if you're making 40,000 now, given where oil prices and gasoline prices are, you will not benefit anymore. clearly it will put pressure on u.s. consumer. neil: meaning what you got by the tax cut are wiped out?
12:08 pm
>> they will offset each other. neil: got it. keith? >> i think seth is on to something. ultimately how the consumer gets impacted by this to me it is the pace of change and sustainability of it. if prices spike and relax based on geopolitical tensions dissipating. if they stay there, that will pinch the consumer. as we come into the driving season, a lot of money gets spent. neil: keith, on that note, i first pick this up with jack, i have not seen a great deal of consumer retrenchment. numbers that get soft all of a sudden but by and large most are fairly strong with retail related data. you could argue they would be stronger. i have not seen the consumer just revolt yet. obviously that is going to be closely monitored, i'm sure by people like you guys, jack what do you think of that? what are you seeing? >> one of the reasons why consumer sentiment is still relatively high, and we've got
12:09 pm
to ignore the higher oil prices, is that the wage component. you know the consumer is benefiting from higher wages. so to a certain degree that is offsetting the higher oil prices. so it is going to be a little bit of a battle. if wages continue to move higher. maybe sentiment will stay constructive and offset higher oil prices. neil: do you know, we were following some of these elections and contests last night, keith and one of the things that had come up is people and how they feel, voters how they feel and how they're responding to the tax cuts, their own sense of job security or finding jobs or the parents optimistic that their kids will find jobs, in some surveys, not all, hit multiyear highs in that regard. i'm wondering if that were the case then, why isn't it reflected in all the polls that talk about a blue wave? you guys eschew politics as you should but doesn't jibe with the notion people are feeling more
12:10 pm
upbeat than they did, more predisposed to spend money than they have, you would think that would benefit the party in power? what do you make of that? it seems like and a anomaly, keith. >> statisticians all go to the class how to lie with statistics, you can make a survey as constructed, depending on questions, depending how you put together, depending how you put your audience, you can skew the data. i'm a big proponent of feet on the ground, i travel the country, i see group of americans, colors, creeds, sex, are enthusiastic about personal circumstances. they my not like the politics or may love the politics, they're having a more positive, progressive lifestyle. that to me begets additional earnings and additional focus and additional profits ahead. if basic component, if you use a lot of common sense which not a
12:11 pm
lot of statisticians do not use, it is positive ahead. >> you can't ignore politics they certainly work their way into our investment decisions. look at president's personal rating, given the shape of the economy, wages, inflation is reasonably low, wealth is high, you would think the president's approval rating would be off the charts. it's not. there is a disconnect. i think a lot of people just don't like the president. neil: it is just odd, you know? don't quite understand what the connector disconnect is there, but might be on to something there that it might be a personal feeling, but if people feel in their wallets, maybe they get over that, maybe they won't. we'll see. gentlemen, i thank you both. dow is up 34 points. there is a break in the cia nominee gina haspel's hearing right now. she has been asked a lot of views on torture. she was in charge there, at least had very instrumental role when torture was going on with
12:12 pm
detainees and worse. she is disavowed that now. she can not find it at all constructive in this present day environment. she wouldn't espouse it now. whether that satisfied some doubters on the committee is anyone's guess, we shall see. more after this. ♪ mom, dad, can we talk?
12:13 pm
12:14 pm
sure. what's up, son?
12:15 pm
i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around.
12:16 pm
>> i did not run the interrogation department. in fact i was not even read into the interrogation program until it had been up and running for a year. i never -- >> were you an advocate for destroying the tapes? >> senator, i absolutely was an advocate, if we could, within and conforming to u.s. law and if we could get policy con current to eliminate the security risk posed to our officers by those tapes. neil: that was about as nasty as it got today, the confirmation hearings for gina haspel, the choice to head the cia most don't think this will derail efforts ultimately to get approved for that job. what came back to haunt is her role in the old interrogation methods, that included torture, or different definitions of that. they tried to find out what she knew and when she knew it. tapes of those torture seconds, how familiar was she with that.
12:17 pm
whether she was directly involved with any of that. she sort of left that alone. i believe they have a follow-up, you know, with the cameras away and all that, so they can get into some sensitive issues they can't publicly, whether dianne feinstein would be satisfied with responses to that venue is anyone's guess. appears most democrats will be a no on her. most if not all republicans a yes. with republicans having a slight edge she should sail through. sail might be the operative word but we'll see. visiting scholar, john yu on all of that. john, what do you make of all this back and forth on torture and whether this could be a deal-breaker for her? many say she was there at the time. this was accepted policy it has since become stopped a legal policy. what do you think? >> it is certainly fair for the senate to request questions about it, i think they will come
12:18 pm
to the conclusion, gina haspel should be in charge of the cia right now. shy was someone there at 9/11 at cia. she is one of the people to help pick the united states up off the mat and take an aggressive pot ture against al cade. i think she succeeded. and i think her colleagues at the cia succeeded. what we see today are people playing monday morning quarterback, you should have done this, you should have done that, but i also think you have to look at the record of success that occurred for the years after 9/11, because of not just aggressive interrogation, use of drones, targeted strikes and detention and taking the fight to al qaeda in afghanistan, the cia and the military successfully wiped out pretty much the top leadership of al qaeda and destroyed most of its infrastructure. we didn't suffer more attacks on the homeland for several years after 9/11. neil: to your point, john, this whole torture issue was disproportionate, series of
12:19 pm
questioning today and i'm wondering if some of the things you alluded to, the achievements on part of officials to thwart other attacks or contain them or have success on the battlefield was the result of information gleaned through torture, what do you think? >> what we should keep in mind it was not gina haspel's job then what was legal or not legal. her job was to carry out orders of people like president bush and people he appointed to office. including george tenant, who was appointed by democratic administration. i was at the department of justice and it was our job to interpret the statutes on torture. we were not to enable or allow the cia to torture suspects. we were trying to tell the cia what a law passed by congress with many years before, no examples in it, very vague, tell the cia what you can't do. we were trying to work with the cia and the white house and justice department to make sure we didn't violate the law. the law -- the world changed
12:20 pm
since then. congress passed new laws. presidents have made new orders. neil: at the time, 2001, john, i don't want to get into the weeds, you know this far better than i, we can't to your point do a monday morning quarterback thing to reassess every decision made right after those attacks, people feeling petrified it was repeated, people would have entertained almost anything to avoid that but at the time they were trying to go with haspel, was this deemed okay? she was taking orders from higher up and they told her, you know to pursue this, whatever. was, would she have had any reason, even if she wanted to, to question that? >> that is my point. i say no. because the point of having a president, the point of having a cia so they can act quickly and decisively and stealthily to prevent attacks on the united states. there are some democratic senator, my home state senator dianne feinstein is one of them,
12:21 pm
i'm sure the aclu would love it if every cia out there was lawyer, questioning orders, every person down to the private, cracking open the u.s. code and constitution to issue legal opinions whether orders are legitimate or not. that is not how the cia and the military can protect our country. they have to act quickly. they rely on the people back inside of the beltway, people in the white house and the cia and the justice department, to do exactly what you're doing, evaluate orders, decide if they're legal. the harder question which you raise at the beginning, is it good policy? is it going to work? once they make the decision, people like gina haspel down lower into the bureaucracy they have to carry it out. she will be in a job now i hope she will be making the fundamental choices and decisions. i think what you're seeing on tv, i never seen her on tv before. no american has seen her on tv before. you're seeing moderate, sensible, reasonable, thoughtful person. neil: do you think she will get approved? >> i think so. i mean, oh, gosh, this is the
12:22 pm
female james bond. janet bond is testifying before congress. she looks like someone i will bump carts with at costco. neil: that is interesting way to say it. she seems okay then, right? john, thank you very much, my friend. very good seeing you. >> thanks, neil. thanks for having me back. neil: in the meantime a lot of people love to pick on mitch mcconnell and say you know, mr. establishment, globalist, yada, yada, yada. what if i told you last night, he won, mitch mcconnell in one contest after another, he won. i will explain after this. ♪ to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks.
12:23 pm
talk with your advisor about shield annuities from brighthouse financial- established by metlife.
12:24 pm
here's something you should know. there's a serious virus out there that 1 in 30 boomers has,
12:25 pm
yet most don't even know it. a virus that's been almost forgotten. it's hepatitis c. hep c can hide in the body for years without symptoms. left untreated it can lead to liver damage, even liver cancer. the only way to know if you have hep c is to ask your healthcare provider for the simple blood test. if you have hep c, it can be cured. for us, it's time to get tested. it's the only way to know for sure.
12:26 pm
neil: it was personal and business. the reaction that mitch mcconnell's office had to don blankenship, blanking out and not getting the party nomination to take on the incumbent senator joe manchin there. he failed to win.
12:27 pm
furthermore, the guy he did not want to win most assuredly did, pa patrick morrissey, the state attorney general. much of mr. blankenship's campaign was built upon going after the majority leader in the united states senate saying that he was a cause of a lot of things. that his father lie was a china men. you heard this, calm, deliberate mitch mcconnell in the end got candidate that he wanted, advised the president to recommend that maybe blankenship should not be the guy west virginia voted for. more moderate, winnable candidates at least on paper were picked by republicans in key states up for grabs. key state on former virginia governor and senator, george allen on the fallout from that. a lot of people looking at president's role i don't minimize that, governor, but i find it interesting the role
12:28 pm
mitch mcconnell played, that the president tow the line, which don't want a record my situation. we want to pick up seats and not lose seats. what do you make of that. >> there was a dispute between mr. blankenship and mitch mcconnell. the president weighed in. the reality, voters in all the states are looking for leaders who will embrace policies president gotten through on tax reform, reasonable regulations, productive energy policy matters. clearly in having people say gosh, who he is want as a leader. the winners are taxpayers. who don't want to pay higher taxes again. small business owners who don't want burdensome costly regulations. and productive energy policies, mean jobs, more opportunities, more affordable electricity. obviously a more competitive america for making things and
12:29 pm
manufacturing things here in america. the winners are republicans broadly, by nominating candidates who are not just running on a negative issue of being against either the leader or whatever they're against. you have to say what you're for. if you give me that honor, that responsibility of fighting for you in the u.s. senate, here is what i'm going to do. so there will be more jobs, more opportunities, a better quality of life and a more competitive, winning america. neil: still i got the impression, governor, senator, so many titles and so many -- >> jorge is fine. neil: washington redskins owner cops to mind. >> that is okay. neil: blankenship, obviously doesn't want to endorse the republican that won. they had the sore loser law in west virginia, you can't run right after losing as a third party candidate but you can advise your backers if they so choose to write you in. i don't know what sort of an impact that would have anyway,
12:30 pm
but what do you think? >> i don't think it will be much, neil. once you get through an intrasquad scrimmage, i am glad you brought up a football analogy, there is people competing to be a running back or defensive lineman or wide receiver with the redskins or any team. once you determine who is going to be starting in these positions you support your team. that is sportsmanship. that is what you learn from the world of sports. i understand these primaries can be really vicious, the intrasquad scrimmages, but ultimately there are many more ideas and initiatives and reforms you would think unite republicans. if mr. blankenship ran as a write-in i don't think it would have much of an impact whatsoever in west virginia. interesting a lot of attorney generals won yesterday. attorney general morrissey stood up against the folks fighting against energy manufacturers, at the same time an ex-new york attorney general who was
12:31 pm
politically grandstanding stepped down and the two attorney generals, former and current, are the nominees for governor, respective parties in ohio. neil: that is election which many have gotten state office. there is no doubt about the impact that has. let me get your take on the role the president played in this election. very popular in, at least three of the four states last night. in fact, donald trump won them all. that was very big impact. i could see a scenario where republicans conceivably add to their seats in the senate, even though it might be a tough row in the house. what do you think? >> i think west virginia is a good opportunity for pickup, the same in indiana. north dakota, which is a strong energy-producing state, i think missouri has a lot of potential there as well. and, generally speaking, i think that if the republicans nominate
12:32 pm
men and women who have a proven record of leadership on ideas, getting our economy going, you reported every single day, neil, noon, in the evening, that is our economy is doing bert. there are millions of job openings. there are many job openings irk are you still that hasn't improved the prospects, at least republicans fear of a blue wave, certainly in the house? might be to your point very different in the senate, but why is that? something is not connecting there? >> you're making a good point there. you look at some of the polls. you would think, i've been working at nam, helping out various candidates at town hall meetings and so forth, people working for manufacturers are seeing pay increases, they're seeing job opportunities. they're seeing more expansion of businesses because of the tax cuts, productive energy policy, the reasonable regulatory approaches. so that needs, that message needs to get out, you're exactly
12:33 pm
right, neil. as people see they're getting more take-home pay, of course you contrast it to the democrats who are saying they want to roll back these tax reforms. they consider $500 or $1000 crumbs. well i don't think most people consider $1000 crumbs. that actually helps out their family -- neil: i think a lot want to roll it back for the well to do. >> for the well-to-do, and go after big businesses and others. instead of having highest taxes in the world on incorporated businesses we're better than ever. this is fueling resurgence for manufacturers in the united states to do business. that is great for taxpayers. great for people that want to work for a living. great for communities that revitalizing, and great for revenues in states and communities. it helps our overall economy.
12:34 pm
i don't understand how people think raising taxes on productive businesses that are job creators will make our country more internationally competitive against china or anywhere else in the world and i think most voters when they look at those choices they are going to say, gosh, i would rather keep the money in my checking or bank account than having to go to washington for them to spend it on who knows what. they like the fact their communities, especially, energy-producing communities like a president who is pro-american energy. neil: the revenues are coming in fast and furious for all those states, many headed by democratic governors who are noticing it. governor, senator, always good seeing you. thank you very, very much. >> you're welcome, neil. neil: joe manchin by the way, that west virginia senator who is under enormous pressure, the democratic senator who republicans think easily, easily defeatable, well, the ideal candidate they say has just been nominated to challenge him. his thoughts on that, on
12:35 pm
"your world" with me on fox news, 4:00 p.m. eastern time. you don't want to miss that. you don't want to miss on the corner of wall and broad. activity, dow up triple digits. up 112 points. exxon and chevron mobile benefiting from higher oil prices which is as you probably surmise is helping the dow. we'll have more after this. ♪ whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... over 200 booking sites find you the lowest price... ...on the hotel you want.
12:36 pm
don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in 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 walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind.
12:37 pm
12:38 pm
12:39 pm
>> i don't think they should do that i would advise iran not to start their nuclear program. i would advise them very strongly. if they do there will be very severe consequence. neil: all right. that in response to a question a few minutes ago from a reporter about the iranian lawmakers. these are lawmakers. these are not protesters outside the government building. these are the guys running the show in the government building, you know, protesting donald trump saying, death to america.
12:40 pm
on what they call an unjustified reversal on that agreement cobbled together by the united states and five other countries. to california democratic congressman eric smallwell. didn't this little episode or theater in iran, congressman maybe prove the president's point? these are the people who we, who we apparently trusted. what do you say? >> no, neil, good afternoon. i think it actually proves the point of the people who believe in the deal, which was, we got these extremists to allow monitors and inspectors into their country and we took a program that was three months away from having a nuclear weapon to over a year away. now these fanatics are going to go back to having a nuclear weapon. the president is putting us on a path to war. neil, i just want to say, it's a fantasy world if the president thinks he could get those individual to do something better than what president obama and john kerry got them to agree to over years of negotiation.
12:41 pm
it is revisionist history, makes us all less safe. neil: that might be the case. i remember when they were putting the deal together, it was being debated in the united states senate. it didn't get passed as resolution in the house. four democratic senators, including chuck schumer voted against it. i know how politics work. they were condemning the president's move now, but five countries decides ourselves signed on to that agreement. many, many more were asked and didn't want to, including virtually every major player in the middle east they are in that neighborhood. you would think they know their neighborhood better than we do, they wanted nothing to do with it. what do you think of that? >> well you know, i fear that this will now allow, you know, saudi arabia and egypt and other countries to pursue a nuclear weapons because they will be threatened by iran restarting their program. again, this program was working. i went over to vienna just a couple months ago to get briefed by our united nations mission
12:42 pm
over there and, i was there the day before the iaea certified that iran was in compliance. iran is a bad actor. there are other issues that should be addressed through sanctions and, you know, pressure from our allies but on this discrete issue of whether or not they had a nuclear weapon, it was working. i would rather have an iran that we're addressing on ballistic missile program, funding of terrorism without a nuclear weapon, then trying to address those issues, three months out or even closer to having a nuclear weapon. neil: if i could switch gears, sure, i appreciate your insight there, but on north korea and these hostages and coming back with mike pompeo, cia former director, now secretary of state, what do you think of the gesture on the part of the north koreans? some are interpreting as promising sign for the talks. others are cynical, what are you saying?
12:43 pm
>> i think job well done to president trump and secretary pompeo. as u.s. citizens we waned them home. we should take it as positive sign the north koreans should release them. going into the summit president trump will have to be prepared and have to listen and understand how kim jong-un sees himself and the world and whether he is open to verification and monitoring as we will need it do to make sure they're doing something they have never done before which is dismantling the nuclear program. neil, it is hard to look the north korean dictator in the eye we'll strike a deal with you, when we walked away from a deal we struck with another country. i don't think that would be lost on him. neil: you could argue it was not a treaty. you could if the north koreans were concerned about that, they would not have released the hostages. they went through that. maybe they're not as worried as you? >> hard to tell what they are thinking and how they are viewing this. we have a long track record of not following through on promises. that doesn't mean we shouldn't
12:44 pm
try the new approach. i support this new approach by president trumps as i said, but make sure we can, articulate what the objectives are for us, for our allies and what we expect of the north koreans. neil: congressman, always enjoy chatting with you. thanks for taking the time. >> my pleasure. neil: to the congressman's point here, the markets are a little bit anxious about all of this, particularly oil markets up 3% right now. in and out of these four-year highs you've heard a great deal b. this is one of the days since oil, oil-related energy issues are disproportionately weighted in the s&p 500, not exclusively, two of the dow 30 stocks are oil-related. not surprise they are up, and up smartly. what happens is anyone's guess. stay with us. ♪ business. with dell small business technology advisors
12:45 pm
you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today.
12:46 pm
used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. hey! let's basement. [ grunting ] and thanks to these xfi pods, the signal reaches down here too. so sophie, i have an xfi password. and it's "daditude". simple. easy. awesome. xfinity. the future of awesome.
12:47 pm
12:48 pm
neil: it's kind of like the government's version of the academy awards, announcement of nominees. department of transportation close to announcing a drone program, who is in, who is out, but is raising a lot of concerns. susan li with the details on all of the above. >> the drone oscars. this is part of the program that the trump administration authorized last year to speed up commercial use and adoption of
12:49 pm
drones. this afternoon we're going to find out which 10 places across america have been chosen to test out the commercial use of drones. reno, nevada, apparently they are one of the locations already chosen. we'll see. this is part of a three-year pilot program. we'll look out for the safe delivery of packages and other commercial uses like testing of wi-fi in certain parts of the country. two other companies raised their hand to be part of that. apple, intel, qualcomm. package delivery might be most obvious application. because of privacy, nuisance, airspace issues, some say it will likely be tested only later on in the program. amazon has been already testing delivery in the uk the past few years. apparently only takes 12 minutes, 12 minutes from click to delivery. google has been testing drones in australia. china is the largest maker of drones in the world. there is a lot of catching up to do, that the u.s. sneads to do in the global drone race, promoting safe and productive
12:50 pm
manner that is goal of the administration. we'll find out 2:30 this afternoon. neil: thank you, susan. house speaker paul ryan that house is close to a bill to east regulations from the financial reform law. charlie gasparino with this. >> my congressional sources, president trump ran on repealing dodd-frank. that is the financial reform law post the financial crisis. a lot of banks said it stopped them from lending money to small businesses. there is a lot of bad stuff in this thing if you're a free market type which i am you are and here is what we know. the congressional gop is wary about major changes to dodd-frank. whatever comes out from what i understand, this is what my congressional gop sources tell me, it will be modest changes, tinkering. they will not full fledge repeal this thing. it will look a lot like it is
12:51 pm
now when they get done with it from what i understand. neil: really? >> the reason why the congressional gop is worried about being labeled anti-consumer. i remember when they got rid of glass-steagall, when glass-steagall prevented commercial bank merging with investment bank like citigroup, it created a profitable company like citigroup. lo and behold the financial crisis comes and people blame the megabanks like citigroup creating so much systemic risk in the system that led to the financial crisis. they're worried about doing stuff and doing anything that doesn't protect consumers. i don't have the bill in front of me. i tell you three of my congressional sources involved this stuff, they say don't expect repeal. this will be tinkering on some of its more outrageous elements and i think anything that is consumer-related, that protects
12:52 pm
the consumer, there is a whole bun of stuff in dodd-frank about language appearing in credit card bills. neil: inspiration behind the consumer financial protection bureau. >> if they get rid of that, they may keep it. they are wary -- neil: you can never get rid of a government agency. >> anything with the word consumer on it is difficult. to switch gears, i had an amazing night last night. neil: this is family -- >> this will be totally family. neil: okay. >> first at one restaurant, i met deputy ag rod rosenstein, the guy running the mueller probe. neil: sure. what was he doing here? >> first i thought i saw him at the restaurant. i wasn't sure it was him. then there were a bunch of secret service twice out there. damn, that is probably him. i made it like i left my credit card. i didn't want to draw attention. neil: the old, i left my credit chardonnay shook his -- card.
12:53 pm
i shook his hand. i will not bust your nuts tonight. i hope you enjoy your dinner. he said thank you for that. then i went to another restaurant. this is 180. neil: how much do you eat? >> i didn't eat there. neil: you go to different restaurants for the appetizers. >> sometimes i do. neil: steakhouse. >> ivan boesky used to do, take one bite of each plate. he was known for that. anyway, i go to this restaurant and there is gary cohn, former national economic council. neil: wow,. >> he was so mad at me. he was like really angry. neil: you had very nasty reporting on him. >> i think you're right. neil: you don't remember -- >> you said this, and you said that. you keep saying that i, i'm getting another job. you know what i noticed about gary cohn? he is a tall guy, right? he is not tall, tall. he is big, formidable. he reminds me of trump. like trump, because i know donald a little bit, he has very
12:54 pm
dainty hand. gary cohn -- neil: where are we going? >> it is so weird. big put-together guy with, i think he plays the piano or something. neil: there is nothing wrong with that. >> i'm 5'9". my hands are three types the size of his. his were very soft. like weird. i -- neil: i'm trying to follow this. >> just telling you, his hands freaked me out. totally freaked me out. neil: but he still hates you. what i'm reading you hands or not, he would like to get them around your neck. >> first of all his hands couldn't fit around my neck. i'm telling you man, my neck is twice the size of his hands. that is the scary part. neil: you're just annoyed he doesn't like you. >> i don't care. neil: you said a lot of horrible things about him. >> i bought him, he was with two other fat cats. i bought him a round of shirley temples. neil: you didn't? >> i swear to god. i did that to him once before,
12:55 pm
through family, i have a, family member of mine owns a restaurant in brooklyn, of course, a very good one, bumonte's. neil: this is worthy of a fox alert. >> i saw gary cohn at that restaurant eating with vinnie viola. vinnie viola used run the new york mercantile exchange. i bought him a round of shirley temples then. neil: what is the significance of the shirley temples? >> if you have dainty hand like that, you drink man drinks, you drink shirley temples in my view. neil: what about pumpkin lattes? >> that is even tougher than shirley temples, to be honest. neil: all right. okay. you're making friends -- >> what about ralph? neil: he saying the lauras calling. >> i can't help if he is groaning or saying stop, move on. neil: he is nervous. rightfully so. >> you all right there, ralph? neil: this is news you can't get anywhere else. we would like to share that you
12:56 pm
are thin and fit eat like no tomorrow. >> i eat very well. i didn't eat the first place. i had three sips out after drink. i went to the second place and -- neil: have you tried a grand slam at denny's? >> i had some fish. i had nice light vegetable soup and a salad. neil: all right. duly noted. from here we talk about kim jong-un. there is a connection, really. we're not getting into hand sizes. oh, my goodness. let me see what i can repair right after this. ♪ ...
12:57 pm
♪ (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week (malo hutson) growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento are investing in streets that are smarter and greener. the solution was right under our feet. asphalt. to be more precise, intelligent asphalt. by embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter.
12:58 pm
who knew asphalt could help save the environment? ♪
12:59 pm
1:00 pm
neil: all right, we should know soon, secretary of state mike pompeo is coming back from the asian region with those three hostages that were held in the case of one gentleman for the better part of three and a half years, but he is also expected to announce maybe the exact time and place of those meetings he's going to be having with the north korean leader maybe that is something that is left to the secretary of state regardless, blake burman on what he's hearing at the white house. >> neil no doubt about it this is the best news of the day those three detainees the last detainees from the united states that were inside north korea are right now back on a u.s. government plane in the air headed back here to the united states.
1:01 pm
he is a pastor sentenced in 201h were professors at a university. they left north korea earlier today with the secretary of state mike pompeo, they will land back here or are at least scheduled to land back here at joint base andrews not far from the white house at 2:00 this morning president trump says he will be there to greet them, along with the vice president as well. in a cabinet meeting just a little while ago before that meeting the president made brief remarks in which he thanked president xi for helping out with the release of these three and he also thanked the north korean dictator kim jong-un. president trump: i appreciate kim jong-un doing this and allowing them to go. >> now this release comes after mike pompeo met with kim jong-un once again. this time, for 90 minutes earlier today we're told that the decision to meet with the north korean dictator wasn't
1:02 pm
known about until just about an hour before they actually sat down. this is the second time now within about the last four or five weeks that the then secretary of state nominee and now secretary of state has sat down with the north korean leader president trump saying today that he hopes that the release of these detainees will be symbolic of what is potentially to come in the future. president trump: it represents something very important to this country. people never thought a thing like this could happen and people never thought you were going to have a situation where we're having serious and positive communication with north korea and we are. what happens, who knows. we have a chance at something really great for the world. >> so neil this summit between president trump and kim jong-un is all systems go at this point. the president revealing today that it will not be held at the
1:03 pm
dmv. the president had mentioned before two potential sites the d mv and singapore though he didn't necessarily say this will take place in singapore but instead saying the details will be released at some point within the next three days. neil? neil: well reminder there i had suggested the catskills or the p oconos. >> wouldn't that be nice? neil: just keep it out there thanks buddy very very much blake burman so what happened to that nook meeting once it happens and if you're concerned about the president doing a reversal on the iranian agreement saying he's going to start from scratch and that might give the north koreans pause in negotiating with him then of course consider the release of these hostages they went through with that, so what does it look like here? retired general anthony, general always good to have you. what did you make of that there were some saying the north koreans could dial back on that and not do that because they might not trust this president and get deals predecessors
1:04 pm
agreed to, et cetera. it didn't happen. what do you make of it? >> well it's great to be with you neil and what i see is a very sophisticated foreign policy and diplomacy out of the trump adminitration being able to multi-task. you picked the spot in the world whether it's north korea, iran or whatever, and with respect to north korea, there's a very clear strategy and they have been applying what the president calls maximum pressure, the release of the three detainees is a very good indicator that kim jong-un has paid attention to the application of diplomatic information military and economic power across the spectrum and understands that he needs to deal or this president is a man of his word and who said a year ago that if kim jong-un does not denuclearize that there will be a different option on the table so i think that's what brought us here and that the fact is very important
1:05 pm
that these three detainees were released in the face of the iranian deal as you point out, being us stepping away from that , because you know, i think it shows that there's no impact with kim jong-un and his desire to negotiate with us, as there should not be, because it's a totally different geopolitical situation. neil: it might be general i understand that and the president might be to your point a man of his word but are we and can we be trusted as a country when it comes to our word? now, there were five other countries that agreed with us and cobbling together this deal i know it wasn't a treaty but do you think it will hurt us longer term if whatever agreement one president comes to is unraveled by the next one? >> well, i think it all depends on the veracity of the deal, and what i see and saw with this iranian deal was very much
1:06 pm
patterned after the original deal that president clinton did with william perry in 1994 with north korea and we see that north korea has fest tested six nuclear weapons over the last decade and we see where that got us so from a transitional standpoint, the point that you get to with regard to can presidents be trusted can administrations be trusted, i think leaders are wise enough to understand that conditions change and certainly, what the israeli discovery of intelligence in iran and the fact that iran continues to fund hezbollah and hamas and syria who are part of the deal was to lessen that pressure on u.s. allies, and so we had every right to step away from that bad deal in my view. neil: no, no, i didn't want to jump on you sir you're right and it was going to hurt the prosecutor getting these hostages out of north korea it
1:07 pm
didn't so that might signal something promising on the north korean front general thank you very very much. all right the fall off actually on all of this is what it is. we've got oil prices in and out of four year highs and remember disproportionately weighted in the dow with chevron certainly exxon-mobile you could go to chesapeake energy and s&p 500 that is lifting the dow today but what oil give can also takeaway here on the notion that slows the economy down, you pay more at the pump and then all of a sudden consumers are getting hurt. we've got market watcher christine short with us, moody's chief economist with us and christina that is the battle royale, the back and forth on oil and first off and the feeling that yes it's going to lift it up on the prospect there's less oil out there, iranian oil, but longer term maybe not a big impact. >> right because you're already seeing in the futures market trading about $2 higher so that was the big concern, long term usually you'd turn to futures and the issue is some investors
1:08 pm
is they're not always right at guessing the price of oil. the pro is that -- neil: john is. >> i'm sorry, except for john. >> i took i try. >> well we know in the future there's global growth, regardless if we all switch to electric cars so even with iran out of the picture, but 2.5 million-barrels a day there's going to be ample supply in the united states and elsewhere, so some investors maybe you, correct me if i'm wrong, are seeing that the long term gain is still there. >> yeah, but we're all seeing higher gasoline prices right now , up 20% from year ago. >> $3 average. >> something like that. neil: and that was pre the whole iran thing. just demand and an improving economy. >> it's moving on it's moving up and of course a good thing people have tax cuts better to afford a higher price for gasoline. >> and bigger cars, crossovers and suv's. neil: we were talking before christina about the effect on american companies and those that have contracts there i think boeing said it has
1:09 pm
committed contracts future potential contracts in the $20 billion range they would be presumably null and void if this doesn't let up, right? so is it having a material impact do you think or what? >> minimal impact to boeing. boeing is huge. they've been on fire lately. this is really only a fraction of their business, this iran business. neil: but how do they book it then? >> so it depends if whether you're boeing or airbus. so boeing tends to be very conservative how they log their booked orders and so they wait a little while and actually defer these plane orders until past 2018 whereas airbus has already logged these, so you're going to see more of an impact for them just because now they have to go back and rework their numbers. for boeing we're already seeing a backlog of 6,000 commercial jet orders, and so that's worth about half a trillion and that doesn't include -- neil: i wonder if that's ever factored into the price of the stock though okay x number ofrd ers and maybe to your point there are so many that this is
1:10 pm
just small in the scheme of things but there are other players as well that do business out there, or now business that could go to foreign competitors right? >> yes, u.s. companies that manufacture parts that are used by airbus they may lose those orders, but this deal with iran is a much bigger for the europeans and for the united states so i think a european trade with iran amounts to $25 billion with the united states is only 200 million. it's small potatoes for the u.s. from an economic perspective. neil: but obviously the president was saying yesterday, christina, that you don't really want to do business with those guys so the five others on this, if they don't go along with us, the president seemed to be hinting that i could get very tough on you too. would he do that to england and france and germany? >> i think that something like that could take a while but just the fear of that happening could be enough to put some of those leaders in some big businesses on the back burner saying no, we're going to hold off a little bit because we don't want to go
1:11 pm
against anything. neil: but you have a 90 day period. yes and then 180 days which according to the government that's enough time to get out of business with iran, but the question is for a lot of these european countries or companies how are they going to react? are they going to go follow suit because the united states is the only country to pull out of this deal. you still have europe, china, russia. neil: i do read there's always sort of a pragmatic underpinning to the president's approach whether it's trade deals, you know, iranian deals i don't know how they proceed with china, where he shows a little bit of or hints of flexibility where this 90 day thing, could go up to 180 days what do you think of that? there's an out here, and a way to avoid all the stuff that people are fearing. >> yeah, i think that could change but i think you're already hearing from european companies and chinese companies they're likely going to follow suit if we stick on this they're likely following along with what we do. airbus is a french company and the issue for them is most of
1:12 pm
their parts come from the u.s. so they would have to go ahead and follow along but i think you'll probably see a lot of those companies follow suit. >> would we say the deal is killed then essentially if you're saying that? >> it remains to be seen, but i agree with you where president trump can show some flexibility and so we're going to have to wait these next few days and see what the ending is. >> if i ran is willing to re negotiate then why not keep business going with them? neil: what's in it for them? if they got all their billions and the piles of cash sent on a private jet, they've got all that so i know there's the threat of sanctions. >> they still have the aircraft in the air today, and so yeah. >> but the domestic political tension there too. two points they do have the oldest airplanes, they said they wanted to buy 500 commercial jet s this is two years ago and actually create direct flights to the united states so clearly that's going to change but they did say with oil that forget it
1:13 pm
if the u.s. isn't a partner with us we'll just go to china and russia. neil: you know they did say that do you know what i did find interesting about the iranian government that makes you think maybe there might have been some wisdom behind this and thought going is the way iran reacted i thought at first the debt to america stuff i was hearing aunt was coming from protesters. no it was like their leaders, you know, throwing crap at them and i just thought wow, this could get nasty. this could get really nasty because this is the government responding here. >> and they also said they threatened watch what we do next neil: right. >> yesterday. neil: and the presidents threatened them you better watch what you do when you say that's what you do next. >> you know, and the troops in syria, keep an eye on them. neil: do you think they would deliberately agitate now? i hope not. it wouldn't be a wise thing to do. >> which is why volatility will continue. neil: all right guys thank you very much on that, we are up 158
1:14 pm
points, you know, as we sort of cross the t's and dot the i's on last night's races in those four key states one thing came through. if donald trump liked you and you campaigned liking donald trump, and a lot of his views, including this next guest, perhaps last night's more notable victory. we'll explain after this.
1:15 pm
with this clever little app called audible. you can listen to the stories you love while doing the things you love, outside. binge better. audible.
1:16 pm
at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade,
1:17 pm
you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
1:18 pm
neil: all right, everyone talks about this blue wave supposedly coming that still might come for the house of representatives and the democrats taking over that not until the senate were very likely in fact strongly possible that republicans add to their games here and this might have a thing or two to do with it, jim renacci the big winner of course the ohio congressman whose going to be the ohio senate republican nominee to take on sherrod brown he joins us right now sir congratulations. >> thank you, neil and thanks for having me on. neil: you had a crowd appeal and you beat them all, it helped that the president liked you and , you know, endorsed you, was
1:19 pm
with you, pointed to you it turns out that the candidates he preferred especially those he didn't fell in line, you know the ones he didn't like in other states like west virginia didn't do well the ones he did tended to do well. do you think you would have won without donald trump? >> well look, one thing i can tell you is that the president is very much liked in ohio. i'm on the ways and means committee he knows that. we helped him get the tax bill and jobs bill done, so that's resonating in ohio and i think it came out pretty strong. over 200,000 more republicans came out and voted yesterday than democrats so there's no blue wave in ohio. there's clearly a red wave coming, and i'm happy to have the president with me but i'm also happy to be a supporter of his being a businessman for almost three decades i think in many ways he and i think a lot alike because we think about the way businesses operate. neil: you know, there was a good deal of money spent in your race , as most of the races that included those who ultimately won and i'm wondering of you'll
1:20 pm
have to up the ante all the more going into the fall, a lot of outside money came into for example, races not so much in your specific one but it certainly is in the race we were seeing signs of that not on your state but elsewhere, that there is a wave of money on both sides usually and oftentimes outside that's coming in what do you make of that? >> well look ohio is an important state. i think people know that, and if people want to say it's a blue state a red state i've always said it's a purple state, rolling toward a red state, and i think in the end, both sides are trying to move that dial and that's why there's money coming in really but in the end i think this is about ohioans and they want to move the economy forward it's about jobs and the economy and the opioid issue is a big issue there too. that's what they're looking for, they're looking for those kind of candidates and i'm going to continue to see that so i think in the end ohio is always a pivotal state not only in 2018 but also in 2020. neil: i don't know your relationship with outgoing
1:21 pm
governor john kasich ic limit limited by two terms there is talk he is interested in challenging president trump for the republican nomination what do you think of that? >> well look i'm hoping that we wait and see what this president does. as i've said all along there's some that like governor kasich who doesn't show a lot of support for the president but in the end i like what the president is doing, ohio likes what the president is doing and i'm hoping in the end we can continue to move forward ghetto high o moving in the right direction and make decisions based on the accomplishments which already we've had a lot of accomplishments but the regulatory climate being eliminated ohioans are starting to see that seeing money in their paycheck so i think in the end that's the key and i hope we just continue to move this forward and president trump will be easily re-elected in 2020. neil: do you want the president to campaign for you? >> well in the end, look, ohio is a state where the president is well liked. i've said that all along he's well-liked by republicans. he's got depending on what poll
1:22 pm
you're looking at, 57% approval rating in ohio so absolutely it's always good to have the president on your side and i'm happy to have him with me but again i always say that because i'm a business guy he's a business guy. we think a lot alike when it comes to business and moving things forward. neil: congressman what do you make of what looks like with a disconnect of what potentially could happen in the senate where republicans could gain and in the house where everyone talks of this blue wave it would seem to me that voters are looking at pretty much the same environment no matter where they are so why is it far more problematic for republicans in the house than in races like yours? i'm not saying you've got it won yet but you certainly have better odds than is deemed to be your counterparts in the house. >> well look i think in the end there's frustration back home. there's frustration in this country because they see congress not moving things forward but what they have to recognize is it's not the house. the house has passed over 500 bills. the senate has held about 400 plus bills over there. can't get things moving because
1:23 pm
they need more republicans there to move the ball forward and i think that's why there's a big push, so let's get the majority bigger in the senate so some of these bills that the house are passing can move forward and then i think you'll see the american people saying hey, the house and the senate are working today there's a problem and it's in the senate. neil: if you got to the senate, would you vote to make mitch mcconnell your leader? >> well again, i think mitch mcconnell has a tough job, when you're talking about needing 60 votes to get something done it's going to be tough for whoever is the leader so i'll do whatever i can to make sure when i get there that we're looking at ways to be able to move legislation forward. i'm even a big believer that we probably got to get back to what the constitution says 51 votes versus 60. neil: well he doesn't seem open to doing that when i talk to him he's not keen on removing that. >> i know and there's a lot of senators there that aren't and a lot of senators in the house with me who went to the senate are now aren't either but i think in the end we've got to be able to move things forward in the senate. neil: congressman again
1:24 pm
congratulations, jim renacci'm will be challenging incumbent senator sherrod brown and we put out a call to them, they declined. all right in the meantime, tonight we're going to look at one democrat who did not decline , west virginia democratic senator joe mansion, my special guest on your world today he got by in his primary, in fact easily, but the questions about whether he can survive a general election right now the polls are tight and he's in the race of his life, more of that coming up at 4:00 p.m. eastern time. ♪ with expedia you could book a flight, hotel, car and activity all in one place.
1:25 pm
♪ copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition,
1:26 pm
high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪ go your own way get your first prescription free at
1:27 pm
1:28 pm
neil: all right, this was an interesting purchase at wal-mart it can take about a 77% stake in flip card for around $16 billion and the idea is to sort of fend off any end roads that amazon is making but of course investors are punishing that and the expense of the deal but they're
1:29 pm
all trying to find creative ways to sort of get ahead of the trend here including my next guest, known for their stake in everything else, their restaurant behind a big old deal right now the guy who runs this company is the ceo, right here and i'm disappointed to say he's very thin and fit but anyway he's here to talk to us, about this $325 million deal to acquire barteca restaurant group why that? what are you looking for there? >> there's a few things that we looked at when we do acquisition s. number one it has to fit our vision which is celebrating life and restaurants so that means all the guests that come in are there for a celebration of something like the double eagle business closing, an anniversary , a birthday and it also means that we take care of our team members because they celebrate our restaurants as well. it has to have the same cash on cash returns like the double
1:30 pm
eagle does. the double eagle does about 55% cash on cash returns. neil: what does that mean? >> we invest cash and we make 50% of it back every year, so that's how which is pretty nice. neil: that's pretty nice. >> yeah, and then barcelona does about 57% and bar taco does about 87%, so it has to be equal to del frisco's so we can invest our capital the right way for our shareholders. neil: will they compete they're obviously at different price points with your existing restaurants? >> no not at all because del fr isco's is all about the prime, the best steak house in america and the restaurant next door won the grand award this year, so the wine program has to be big, and then if you look at barcelona and the team there and what they've built, they have 400 spanish bottle of wines on their menu, which is the most spanish wines on any menu in the
1:31 pm
united states, and that same goes to barcelona they've already been there 25 times to look at wines, they bring general managers that they bring chefs to make sure they keep -- neil: what is the average price? >> yeah, barcelona is about $32 to $35, bar taco is about $22 to $25. neil: just the price of one of your onion rings. yes. neil: how many del frisco's are there? >> there's 13 but we're building four right now, in boston, atlanta and making our entry into the west coast under construction in san diego, we're under construction in la century city and then we just announced a lease that we have in santa clara, so going in and making sure that we establish a market with our name is very very important. neil: well certainly your name is well known and certainly in this city but as we were discussing briefly during the break, man oh, man are there a lot of steakhouses and they seem to be popping up everywhere so i keep hearing all these warnings
1:32 pm
about red meat and all this other stuff and people are ignoring them or just being careful about it what's going on >> yeah, everybody loves a great steak and there are warnings on red meat, but as people come out, they do the completely opposite of that. we added a simply prepared fish program to del frisco's. neil: i think that's a sin to go to your restaurant and order fish. my wife does it. >> i had king salmon today for lunch. neil: did you really? >> yes. neil: how the double eagle how many individuals order that just for themselves? >> the double eagle, it depends how big they are. neil: i like mine to look like the flinstones thing. i have to be careful because my cardiologist is probably watching but a lot of people take advantage of that right? >> yeah, the double eagle is 3d sometimes about 50% of the people can eat it on their own probably like you and sometimes it takes two to three.
1:33 pm
neil: it's amazing. you wouldn't know that, the environment for this, do you think the tax cuts and more income people feeling more secure, i mean it's all else o tear ic stuff i grant you but do you think that plays a factor because eating at one of your restaurants, one of the steak ones that's not an impulse decisions companies pay for that a lot of times but it's a big bill. it's a moment it's an event, but it's not cheap. yet more and more than ever are doing it. >> we're not feeling any pressure at all in del frisco's and the other is taco bar taco. it runs around a 2% to 7% same-store sales year-over-year because it's an experience. functional brands when you have oil going up and all the pressures out there on the macro environment they get hurt the worst, the experience en shall brands don't because people at that time they want to go out and celebrate at the double eagle we don't feel that
1:34 pm
impact as well and our double eagle is 60% of our total sales is businesses because again, if you're kind of caught up then the businesses come out and spend as well. neil: and they have best of luck with this purchase and all of the interesting cultures here. yes. the cultures of our teams are the same. the way we look at food from scratch. i mean those are like the biggest things and then people. we do everything around people, which is our guest, our team members and our shareholders and we have to provide value to them as well. neil: we'll watch it closely very good seeing thank you. >> good seeing you as well. neil: we have a lot more coming up including the michael cohen payments linked to russia and whether it's a problem for michael cohen but his old boss. you're watching fox news. they appear out of nowhere.
1:35 pm
my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see.
1:36 pm
1:37 pm
there are treatment optand taking caredlp. abof the boys.e zach! talk to me. it's for the house. i got a job. it's okay. dad took care of us.
1:38 pm
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. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals neil: everyone here is hungry. >> [laughter]
1:39 pm
neil: well all right, michael cohen received a half million dollar payment for a firm linked to this russian oligarch, i really don't know here, but the implications and the optics as they say, they could be problematic certainly for mr. co hen, beyond that i don't know but i have a good idea the judge would know or at least have some interesting views here , judge andrew napolitano on whether this reaction that we're getting is overblown. >> so well this oligarch, this russian billionaire whose company put $500,000 into the bank account of the company from which michael cohen paid stormy daniels the $130,000 was stopped at jfk airport and interrogated by many many hours from the fbi when he was on a flight from moscow to income. neil: when was this? >> in the past 10 days. we learned about this last night when michael avanati who is
1:40 pm
stormy daniels lawyer somehow under some circumstance acquired this from discovery in his lawsuit against michael cohen and released him and now he is of course arguing that cohen is a bad guy and doing all kinds of things, with the russian oligarch paying the president's debts that would be serious for the president of the united states. neil: when did this half million dollar payment go down? >> during the campaign. neil: okay. >> at the same time that the 130,000 came out to pay stormy daniels, so look, this is just as you said, so nicely in your intro, this is optics. we don't know the facts behind it. just because money came in, and just because money went out at a curious time -- neil: where did that money go into? >> a delaware shell company owned entirely by michael cohen.
1:41 pm
there is also money from the government of south korea and from at&t according to at&t. the people at at&t are very smart. they said he did some work with us, it was not legal, and it was not lobbying. therefore, there's no attorney client privilege. neil: but what was it? >> we don't know what he did and mr. cohen may never have to answer. it may be -- neil: you know when the at&t payment started coming at the time of the deal with time-warner? >> the at&t payments went over the course of a year starting in january of 2017 when the president was inaugurated and concluding in january of 2018. yes it was during the time period of the at&t time-warner merger and during the time period right before the trial which ended last week, was about to begin, so again, it's optics. we need to know more before you can make an allegation but just like the rudy giuliani rant last
1:42 pm
week, it's more headaches for the president, at the worst possible time. neil: if it goes back and is dated, to the time of the campaign, people are going to put that together with russian oligarch and then just saying there was a relationship there prior to the campaign, democrats seizing on this as more proof that something nefarious was going on there's no proof of that just for any other country, any other entity, it gets the attention it does because it's connected to a russian business. >> correct. a little bit of law. it is a crime for a campaign for a federal office in the united states to agree, to agree to accept something of value from a person, entity or government that is foreign. the thing of value doesn't even have to arrive. it's the agreement that's a crime. that's the so-called collusion. lawyers call it conspiracy that's what mueller is looking for. one of the 49 questions that mueller told the president's lawyers he would ask if the
1:43 pm
president sits down is are you aware of any efforts by your campaign particularly through paul manafort to receive any assistance from anybody in russia? he has to have a good faith basis to ask that. the good faith basis may be this stuff. we don't know. neil: now if you're the president you admitted or at least, you know, acknowledged that you had this payment, whatever they call or you pay a retainer to your lawyer every month, whatever it is every month, and that was the means by which the lawyer was paid to make the payment to stormy daniels, then how does this other money come into play, if they are saying right now whatever he was paying out was coming from this, this retainer agreement. >> i don't know the answer to that. michael cohen has told friends that he disagrees with mayor guiliani's version to our colleague shawn hannity how payments were made but i can't
1:44 pm
answer that. the optics are bad, but there may be, there may be an innocent explanation for all of this; however, somebody's going to be forced to come forward with that explain asian either cohen as a defendant doesn't want to speak to the government, the president whose a subject of a criminal investigation and doesn't want to speak to the government but somebody's going to have to give an explanation because the government will just keep digging. neil: wow. amazing amazing amazing judge good seeing you again. >> could i make it clearer? neil: no, you did, man oh, man you can see why this has gone far afield from where and how it started. yes, absolutely and people say when is it going to end? deep into 2019. it's not going to end this summer. neil: i remember you mentioned that so we have time for a steak dinner. yes we do that's why everybodies hungry from that interview. neil: i think we should just charge it to hannity. he'd never know. >> [laughter] neil: snapping his fingers. >> [laughter] neil: this doesn't smell right all right we've got a lot more coming up here the dow in and
1:45 pm
out of the session highs, the dow up about 200 points so ironically it's just iranians backing away from this agreement more after this. pah! that will never work. no, no, no, nah. a bulb of light?!? aha ha ha! a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid. a stadium powered with solar. a hospital that doesn't lose power. amazing. i like it. never gonna happen.
1:46 pm
1:47 pm
1:48 pm
>> after you said you thought you were going to win a majority
1:49 pm
that says the title was all at stake. it said that you would like to institute a single-payer healthcare program and cancel, raise taxes i think they mean rollback the tax cuts they passed this year, is that what do you think of that? >> well the second part there is accurate. [laughter] i do think that we should re visit tax legislation. neil: all right, revisit it or n ix it what's the deal here a lot of republicans are saying that quit of hiking taxes, and daily caller news time editor in chief chris bedford. chris, how real a possibility is that? they come in, they start dismantling it in presumably the house. >> well of course in the house of representatives if they're able to get that back, neil which is not guaranteed for certain and statements like this from nancy pelosi are not really helping the case, you saw there the d.c. media a lot are trying
1:50 pm
to say it's not a tax hike. you'll just rollback tax cuts doing anything they can to give her an out on that question and pelosi goes forward saying no, no, it's accurate. most americans can see this is going to really impact their bottom line, and while republicans don't have enough to run on just based only on their tax cuts, they can certainly run against the tax hike pretty easily. neil: you know, maddie, when i'm looking at this they argue and nancy pelosi is saying what workers were getting sharing the wealth from their bosses was the equivalent of crumbs, but the fact that corey booker and others have echoed similar sentiment means this has been poll tested by them, i would think. >> neil i don't know, [laughter] i don't know. i feel like the democrats are kind of coming apart at the seem s here. they're no longer pretending that they are the vanguards of the middle class going straight for the heart of the tax cut and
1:51 pm
even the d.c. media was getting pelosi out there to say maybe you're not trying to argue you want a tax hike and she said that's exactly what i want. now the tax cut and jobs act passed in december is a bill that gives tax relief at every income in this country, more than that it simplifies taxes for a majority of americans in this country, nine and 10 taxpayers now just get to take the standard deduction and by saying they want to go back to the way things were they want to essentially unreform the tax code -- neil: but what if they unreform part of it? one of the ideas i heard by a couple of liberals and deputies was this notion that take the advantages away for rich individuals, but it's not so easily untangled is it? it's all-or-nothing. >> really, what that does is it displays a complete lack of creativity for democrats to say that well what we'll do is we'll look at what happened in december and then just nibble around the edges of thins that we like. look the individual side of things was not made permanent.
1:52 pm
there will be a vote in the house speaker ryan said they're going to vote to make that permanent and that's what democrats have to explain when they decide to vote against making individual tax relief the law of the land for all americans they can't just say oh , we really do this if only it weren't for the rich being able to keep the tax rates that were put into place in december because that means they're holding tax relief hostage for all americans so i want democrat s to continue to explain that why think they their class warfare rhetoric is so effective they want to keep tax relief hostage for all americans go ahead and try that i don't think it's going to play well in november. neil: chris there must be something a little bit to what maddie was saying as well because nancy pelosi is not discussed much on the stump. republicans are discussing her a good deal for obvious reasons but not the democrats who kind of wince at the notion of even using the word crumbs or anything like that so where do you think this is going and the prospects for how this plays out in november? >> it's hard to get much agreement these days on anything
1:53 pm
among the republican party. one thing you can get people to agree on conservatives, libertarians, business republicans all of them is their dislike of nancy pelosi it completely unites them and the democrats realize that so you see a lot of candidates in pennsylvania and all around the country kind of pushing away saying we're not going to back nancy pelosi, explicitly to be speaker of the house if we re take the majority. neil: but it's not a given that even if they do take the house that she's going to be their leader she's made it very clear she wants to be and thinks she should be i guess she's great at fundraising and all the stuff vital to that job but it sounds to me she's going to run into resistance. >> she rakes in the money a phenomenal fundraiser in san francisco and new york and the issue exactly she's going to run into here is that a lot of her base don't want her. they want somebody younger, they want somebody whose got different ideas and doesn't cause necessarily as much trouble as pelosi has caused them but she's made it clear neil as you were pointing out not only does she intend ton speaker but who she intends to appoint to be in charge of
1:54 pm
different house committees that shows an amazing amount of confidence on her part. neil: you know, maddie i'm just wondering after the races last night, i don't know what's going to happen, i keep hearing this consensus is building and like you, i always get leary of consensus views, but the house is gone, but i saw a couple of races now where at least at the minimum three senate seats are at a minimum democratic seats are vulnerable where the republicans could actually pick-up ground there. >> oh, yeah, oh, yeah, neil i think there's no reason that republicans can't look at november and be optimistic about their chances and that's because not just because they have the tax cut and jobs act to run on they have the effects of that to run on as we've been talking about this whole segment right? americans are richer now than they were last year they'll be richer in november than they were in the previous november and that's because of the tax cut and jobs act because they're getting tax relief on their paycheck their paychecks are bigger they're getting bonuses from their employers, wages are rising because business climates
1:55 pm
are better because of tax reform that's happened, all of these reasons americans are better off and americans tend to vote with their pocket book. they tend to look at their circumstances and be pretty excited about changes that make them better off than they were before. democrats as you saw with nancy pelosi today, their only vision for the country is taking us backward taking us back to where we were when we were in a recession when wages weren't rising when the tax system was one that benefited the political ly connected and the elite. americans don't want that and i'm pretty confident that the more republicans talk about why things are better off for americans the more americans and voters will respond to that. neil: so you hope. chris, i mean, there are other people that say that republicans just can't get past their own inability to control fiscal issues, what do you make of that >> it's amazing they don't have nearly the discipline that the democrats have. they passed a massive massive spending bill basically because they were handed the crack pipe of military spending and say go take a hit and pass this massive massive spending bill and the president even said he wasn't
1:56 pm
going to do it again but i predict it might happen again because if they don't figure out their spending for next year before they leave town for august, they come back just before an election? we're going to end up with the same kind of mess where republicans are passing a massive spending bill. there will not shutdown the government i'm guessing right before an election and then president trump forced to go back on his word and sign a new massive bill. neil: could get messy. still early guys thank you both very very much the dow up 207 points here oil now in and out of four-year highs. all of that after this. now i'm thinking...i'd like to retire early. let's talk about this when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay!
1:57 pm
tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit . .
1:58 pm
1:59 pm
2:00 pm
neil: about 205 points, the markets worried about iran they have a funny way to show it. frishe reagan takes -- trish regan takes you through the next hour. trish: thanks, neil. three americans held in north korea for the past year will step on american soil. i'm trish regan. welcome to "the intelligence report." ♪ trish: the freed americans are on a plane right now with secretary of state mike pompeo on their way to washington, d.c., where they will be greeted by president trump himself. coming up my intel why this release is indeed historic, and why world leaders may want to rethink


info Stream Only

Uploaded by TV Archive on