tv Cavuto Coast to Coast FOX Business June 27, 2019 12:00pm-2:00pm EDT
[laughter]. jfk? >> yes. stuart: you are i think eisenhower. >> jfk. stuart: bygone era. in 10 seconds neil cavuto will appear on this screen, magically project away, tell us about the stock market and everything else is going on, won't you neil? neil: i didn't want to talk about that today. all right, stuart, thank you very, very much. we have larry kudlow making some news here. i was talking about fox news, he put have put a damper on the chinese talks that the administration still could consider additional tariffs on additional chinese goods. that kind of spoiledded. neil: hey we may get a deal party. i might not want to overinterpret the developments. that is the latest excuse de jure after market coming off earlier highs. edward lawrence from osaka, japan where the g20 summit is already going on. edward? reporter: there is a lot going on. the official events don't start
until the sun comes up here in japan. the president met with working dinner with the prime minister of australia. in about nine hours or so the president has the next meeting with the prime minister of japan, shinzo abe. sources close to the administration believe they will talk about trade with that deal. they say a trade deal with japan is more likely than a trade deal with china in the near term. the president, source close to the trade talks says that the meeting between the two delegations, china's delegation, the u.s. delegation will happen on friday that is a day ahead of the meeting between president trump and president xi. the president believes, chinese believe that a precon condition for the two meeting, the white house is pushing back saying there are no conditions that have been agreed to. >> he is perfectly happy where we are, where he is in these so-called negotiations and talks, and if need be we may move ahead, we may move ahead. >> okay. >> on additional tariffs.
reporter: chinese sources say that any trade deal at the end of all this has to include huawei and restrictions being lifted on huawei. that is because the president has mentioned it as part of a trade deal. huawei security, or chief security officer says that the company can do business in the united states and satisfy u.s. government regulators. >> people don't understand the way the united states government works. if they think any agreement between the u.s. and china is going to eliminate all restrictions on huawei's ability to do business in the united states, we will not be allowed to do business unless there are strict government monitored risk mitigation processes. a trade deal is not going to affect that. reporter: at that was an exclusive interview on mornings with maria. the tone of these meetings could go a long way to see if we have dealer in term with the chinese or it will be a long, drawn-out
trade war. neil? neil: if it looks like a iminent trade deal might not be in the works you know how this goes, push or pull. the markets are counting on something happening. the markets are counting on support from the federal reserve if it doesn't happen. it is kind of a mixed bag. we have larry glazer. larry, say we don't get a deal, to be fair, it was not expected as soon as this summit, it would be put off for a while, will the markets look at half full glass, likely cut on rates for -- on the table next month or not? >> neil this highlights the issue how complicated this is. you would think market was be embracing around the idea of the trade deal but that is not the case. the markets enjoy a situation running into this. we have strong domestic economy and cooler global headwinds because of trade concerns coming out of china.
from the consumer perspective of the united states, which drives our economy it has been a great situation. we have record low mortgage rates, record low energy prices both would change with a trade deal. consumers like the way we have it. business, on the other hand it is a different story. business sentiment is softer because of uncertainty around trade. business may benefit from a trade deal. consumers not so much. they have had a pretty good condition. the neil, from the stock market perspective it is rotation. think what led the stock market this year. it has been dividend stories, reits, staples, defense. if we get a trade deal it become as global growth story which is arguably a lot more exciting. that is really where we want to be but we're okay where we are as long al we have strong domestic growth behind us. neil: you have a number of people speaking out on the trade conflict. morgan stanley ceo saying more this goes on potentially the more you could see
dislowizations in the economy going on to say, that it is very likely this is going to have a global impact. now that isn't exactly news, but the view even if we were to score a deal like pronto the damage is done, do you agree with that? >> you know i think the global growth story is critically important here. at the end of the day before the presidential election we need our trading partners to do well because we want to sell them good and services. international stocks are the cheapest they have been to domestic stocks last 15 years. there is a lot of opportunity outside of the u.s. global gdp growth outside the u.s. is the where potential is. u.s. companies can benefit from that. we need to shift that narrative. of course we want to see the domestic story strong. we can only push that so far. we had the benefit of a strong domestic economy without the rest of the world doing their share. now we want a shift. imagine the trading partners going on in emerging markets if this china deal really does
happen, how strong that would be. europe would benefit and we do a lot of trade with europe. there is a lot of ways to look at this. maybe way we look at the first half of the year is the rate cut story. that is not necessarily the way we should look at it the second half year. if we pull this deal off if will be really good for the middle class of this country. that is really critical. that is what we need to focus on as a narrative second half year. neil: sir, thank you very much. good seeing you. >> thank you. neil: senator joni ernst is in the bull's-eye of all that, her constituent are in a farm are state. senator, good to have you. >> thank you, neil. neil: i'm wondering if this is dragged out or potentially dragged out for very valid reasons? farmers have been given credits, the rest, allow ounces coming from tariffs already paid to compensate them but not nearly enough, is it? >> right. the subsidies do help but my farmers back home, they certainly want trade, not aid
but i am looking to the president to make a good deal, whether that is with china, japan, uk, eu, you name it. he is a very tough negotiator. so where we are with soybean farmers with iowa, one of the largest hit groups, they're sticking with the president on this they told me the pain they're feeling from the tariffs right now on soybeans is no different than the pain they have felt five years ago from china, 10 years ago from china, so on, so forth. you see the picture. neil: what i don't see, is any consistent read out of the administration who is on first so to speak. where you had the president hinting i might roll back these 25% terrorist, 10% tariffs just a few minutes ago on fox news larry kudlow saying no, no, they might still happen. so if you're the chinese or those trying to interpret what happens next, you got to be confused. >> well, i tell you, the president is keeping all those
negotiators from china, from japan, and so forth on their toes. i can take -- neil: do you think that applies to his own staff? >> it might apply to his staff as well but i would say though that i continually visit with the president and underscore the emphasis that we do need to find good trade deals. i'm not fan of tariffs with china. i fully understand the president's intentions, but the end of the day we do want to see the trade deals done. it is very important for my constituent in iowa. neil: let's talk about something else near and dear to you now, trying to get something done on the drug legislation front. can you update me? >> absolutely. we had a judiciary committee meeting this morning where we addressed a number of prescription pricing bills. two of those passed were sponsored by me and others a very bipartisan effort across the board on number of these bills. one would close the loopholes of sham patent transfers. the other one focuses on
transparency with the middlemen negotiating drug prices. so we are truly trying to do the best we can in these tough times, to get those prices lower for that end consumer. our families shouldn't have to choose between making a mortgage payment and actually purchasing and utilizing those live saving prescriptions. neil: who is against this? i can imagine maybe some of the drugmakers. they don't want to put a cap on all the research and development go into these drugs, some of them very expensive but even there there is wide latitude in this legislation to allow them, you know, to recoup those costs but not just to gouge, i think that is the idea, right? >> right, that is the idea and what i tried to push with a number of those pharmaceutical companies at the end of the day when you have a dad working really hard to provide, to be able to purchase a prescription, a life-saving drug to make his daughter's live better back home, we should focus on that.
we know the complications behind with research and development. we want to continue that, be a leader here in the united states of america but all in all, if you can't afford those prescriptions then what is the use developing them. neil: that is a good point. senator, while i have you, indulge me here, not much time to waste here, do you think you have a border deal you guys can hammer out between the senate and house a border deal before everyone leaves? >> for heaven's sakes the house needs to pass what we did in the senate. we worked very hard in bipartisan manner. chairman shelby and ranking member leahy worked very hard. not everyone gives everything but they will provide for the family and children at the border. that is what we need to do. that is what democrats in the house have been screaming for. they should take up our bill and pass it. neil: senator, very good seeing you. >> thank you so much, neil. neil: democrats were talking a
lot about the economy last night, saying it isn't what it appears to be with some of the numbers. to anyone watching that is to be expected, they are the party out of the white house. they want to get one of those folks back into the white house but is it a tough argument to make when statistics don't lie, after this? that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪
>> this economy has got to work for everyone and right now we know that it isn't. >> this economy is not working for average americans. >> when you have a government, goat an economy does great for those with money and isn't doing great for everyone else, that is corruption, pure and simple. neil: you almost think we were in the middle of a recession, or worse a depression here. the tone in the last night's debate was really about democrats, railing against an economy they say is not benefiting everyone. this chasm between the rich and poor continues.
technically the chasm has been around for a while but is it a tough sell for a general election? "real clear politics" phil wegmann. what do you think, phil? >> whoever becomes the democratic mom economy will explain away the economy. last night that task fell to elizabeth warren with the first question. she said the markets are going up that the benefits are concentrated. essentially making the argument while the economy rebounded, it hasn't rebounded for everyone. she is banking on the hope that taxpayers and voters are not going to see a substantial increase in their standard of living before election day. neil: all right, but, even objective read of this, we always try to look at politics of this, democrats hated republicans a lot of tax cuts were the greatest thing since sliced bread, but the fact of the matter is that chasm is better than it was before. all the key demographic groups which the senator was referring are seeing record low
unemployment rates. so i would imagine, it is a, it is tough sell, especially we'll get into this into the next hour, with wage gains for a lower paid american middle class, have actually been running at a brisker pace than for the wealthy. so, it just seems to me, a very tough argument to make, at least in that area? >> certainly. i think that, the frustration that you're sort of voicing here, is one shared by a lot of congressional republicans, because as they move forward with the tax cuts, they didn't feel like the credit they deserved in the 2018 midterms. and republicans know that they can make this argument with statistics and with figures but it is difficult for that to break through when you have candidates like elizabeth warren or bernie sanders making this argument that the rich are getting rich and poor are getting poorer that is emotional argument that has a lot of
staying power in the white house. neil: that has resonance no matter who is in the white house, that distinction is back way in time. switching gears on immigration, it is also a big theme in last night's debate. i want to you listen to this, some of the way that was framed. >> feel the american dream is not working for you, the immigrants didn't do that to you. >> not to criminalize desperation. >> rewrite the immigration laws in our own image. we cannot surrender our values to think we'll get border security. neil: then they all broke into span fish, everyone was very, very confused. this issue is resonating, i get that. it tops a couple of polls lists as things that americans are concerned about but, are they hitting the right cord here? when i hear about decriminalization, when i hear about vilifying i.c.e. or what have you, in light of tragedy of what happened to number of these
kids and that father and daugher, is that the way to go? does it open up the spigot to criticism, wait a minute, you're going way the other way? >> what err seeing here, these candidates are staking out policy positions that eventually become defacto party orthodoxy. for instance, julian castro, talked about decriminalize border crossings, 12 hours later house speaker nancy pelosi saying she would decriminalize crossing for asylum-seekers. i don't have to tell you that is exactly the debate this white house want to have. this morning a senior administration aide texted me those comment from nancy pelosi and predicted if this is the path that democrats go down, the 2020 will be a blowout. this is what republicans want. right now they're getting it. neil: all right. we'll watch closely. phil wegmann, good catching up with you. >> thank you, sir. neil: you might recall that moment in time wilbur ross was trying to convince the nation that aluminum prices, steel
prices wouldn't go up that much, he held a can of soda to illustrate the point, it is just a penny toward the cost of that can. now the supreme court took that can and kicked him in the can, specifically, not what he wanted to do on the trade front but what he was saying on the census form front. we'll explain after this. ? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster.
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today's xfinity service. simple. easy. awesome. i'd rather not. >> i literally was with my dad on atvs, riding through the dr having a good time and now he's gone. i'm still like in shock. i still don't want to believe it is true. i still don't believe it is true. it is like, i have nowords honestly. neil: it happened again.
a denver man, the last of the 14 americans now to die after visiting the dominican republic, we don't know all the details right now, it is a growing concern. by the way tourism in the dominican republic is down some 75% since the report of the first cases, a little more than a month 1/2 ago. meanwhile the supreme court is ruling against the president separate adding citizens question to the 2020 census. hillary vaughn on the test of the high court with more on that ruling an one other one. hillary. reporter: neil, the supreme court holding off making a decision, not giving the go ahead for the citizenship question to be added to the 2020 census. they say they need more information about why the commerce department is making the change, even though the majority says that commerce department does actually have the right to include it. justice thomas delivering the
majority opinion of the court saying that the secretary's decision to reinstate a citizenship question on the 2020 census was legally sound and reasoned exercise of his broad discretion. he believes wilbur ross had multiple reasons why he wanted to include it but the opposing side to this said, that citizenship question was an effort by the trump administration to essentially undercount and underrepresent immigration, immigrants, immigrant communities and latino community. here is why that matters. the census decides how $600 billion in federal funds gets divvied up. the fear would be undercounting these communities means they essentially get less money and less representation. democrats in the senate reacting to this news saying they believed it was a political ruse. >> the clear intent of the administration is to rig the system in favor of republicans by excluding and intimating people from being a part of the
census, to drive funds to their supporters, on a partisan basis. reporter: some republicans in the senate say the reason why they need the citizenship question on the census is because of liberal immigration policies. >> sanctuary cities are created, you're asking people to come to your city, i don't think you should get a benefit from the federal government for doing that. that is what happens when you count illegal immigrants. reporter: the decision really frozen in time until they get more information, tossing it back to the lower courts but the bottom line is, it will be very hard for them to get this resolved in time when the census forms are printed by their summer deadline. so essentially, unless something happens in the next few weeks, this question is not going to be on the 2020 census. neil: hillary, thank you very, very much. hillary vaughn. meanwhile boeing can't seem to get out of its own way, yeah,
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shoppers more than $800 million this holiday season if further china tariffs are imposed. additional amount what is tending to be a popular time to sell this stuff. the flipside is, your kids won't play games if that is the case because they won't be able to afford them, because you won't be able to afford them. anyway, half-full version of that glass. house and senate right now split on the border spending bill. to arizona republican congressman david schweikert. congressman, good to have you. what do you make of where this whole thing stands? one effort i understand republicans in the senate are pushing, just vote on our bill. >> yes. neil: end the debate. what do you think? >> to give you an idea, right now on the floor of the house you have 50 republicans lined up just asking for unanimous consent, let's just vote on the bipartisan senate bill that has been delivered over to the house, because we even have a number of democrats that say,
they're perfectly fine with that. instead it is very clear the radicalized left members in the u.s. house now control nancy pelosi. they absolutely now control the policy. and so we're in this weird world where apparently this morning in rules they took the senate bill, they stripped the language off of it, and actually put back on the very things that had all the weaponnization and the gotchas and landmines that the president and others have already said is just unacceptable. neil: so some of the things that were defeated in the senate, when they, the same measure in the house, failed to get 60 votes, senate comes up with its own measure which did get bipartisan support, a few democrats supporting it, that is something in the house they're trying to adjust, change some language, add some things in that will make it maybe pass the house but wouldn't -- >> no. >> what would happen? >> actually in many ways i got
to take completely the opposite direction. first off, what passed in the senate was truly bipartisan. it was more than just a few democrats. in the house the truly extreme members are demanding that their things stay in this bill. so what is happening in the house is it is not a compromise piece of legislation. they're basically going back to, forgive the technical term, crappy bill that they had a couple days ago. neil: isn't the normal procedure, congressman, that there is conference committee that tries to hammer out differences? is this part of that or -- >> no. neil: because time's awasting the idea, take the senate measure, vote on that, call it a day. it sounds, what you're saying, they were opening up this process, certainly won't get done before tomorrow when you guys, you know leave, right? >> exactly. look we all remember as kids, i'm a bill on capitol hill but you use a conference committee with complex issues on a complex bill. this one is not difficult. this is basically just
humanitarian aid for the genuine crisis at the border. we at least governmenten left to come to our direction, understand there is truly a crisis. let us take care of people that we're responsible for. instead they're putting in these landmines in the legislation that make it so they know it can't go anywhere, but pacification of those who have gone pretty extreme in the house democrat party. neil: because you know some democrats have argued there is features in the senate measure that simply not palatable to them. you say what? >> well, look, in the senate it was bipartisan. why is that so difficult? isidealogical split of senate democrats different than the now fairly extreme democrat members of the house? neil: we shall see. if you were a betting man, tomorrow at this time, are we going to have something done? >> my fear is we might be here this weekend going back and
forth until nancy pelosi can grab control of her new radicalized fresh men. neil: good thing we're live this weekend, congressman. maybe we knock on your door, that you talk to us this weekend at saturday at 10:00 a.m. who am i to promote what i do. >> i can't imagine that. neil: congressman, thank you very much. good luck on this. meanwhile wish i could share good news on boeing but it still can't get out of its own way falling on new uncertainties around the 737 max, part of problems it is dealing with for months now. jeff flock from o'hare airport in chicago. jeff, what's going on? reporter: this could push the timeline for reentry into the air back, neil. it is new information about another problem with the 737 maxes. that is maybe why the stock is down today. it was down 3, 4%. come back a little bit, now down around 2 1/2% but here's the
problem, the faa finding a problem, not with the mcas system, you know the maneuvering characteristics augmentation system that has been implicated in the crashes in the two 737 maxes, but if that system were to malfunction, there is a problem with software around what would happen next. here is a quote from the faa in announcing all of this. says the faa recently found a potential risk that going must mitigate. as to when the plane gets back in the air, we are following a process, not a prescribed timeline. bad news for boeing but they're not trying to push back on this, a quote from boeing now, saying it accepts the faa's, or should say agrees with the faa decision, and request, is working on the required software. question though, neil, whether or not it is software, or this would require a hardware update, maybe a new computer chip to be installed in the airplane. if so that could push the timeline back months, not weeks. take a look at the numbers now
on united where the united terminal in chicago where the company announced now more canceled flights through august, another 1300 in july, and another 1900 in august. that would be a about 60 a day. and dennis muilenburg as we reported yesterday, saying he is now talking with the airlines about reenumerating them in some way for the losses associated with this grounding. that is going to cost them a pretty penny too. you wonder why the stock is down? no surprise. neil: you can understand united, these others delaying putting these back in their fleet, who wants to get in front of that legal mess, right? >> absolutely. the more you hear these things, this drip, drip of stuff, people in these lines behind me say, hey, do i really want to get on one of these planes even if they certify it? neil: no, you're right. reporter: we'll see. neil: good coverage as always, jeff flock at o'hare airport. reporter: yes, sir. neil: amazon has a new plan to get your packages quicker.
neil: can you believe this, 30 year fixed at 3.73%. know what you will say. neil will tell us how he an his wife got their first mortgage and that's what they paid every day. funny you i should say that. that when me and my wife got first mortgage, that is what we were paying every day. that is real low. >> that was 1920, right? neil: you heard that voice. >> sorry. neil: the white house will hold a meeting with social media leaders next month. this as the justice department getting a lawsuit ready. so he is here russ, right? he wants to go after these guys. aforementioned charlie gasparino. >> i think google is at the, they're all in the soup but i think google -- neil: what are they targeting?
they're not fair? >> it depends. by the way, trump himself is obviously not a legal expert, not a antitrust expert. he hates that twitter, facebook and to a certain extent google is biased against him and conservatives politically. neil: right. >> his justice department and ftc to a certain extent is looking at other issues, business-related issues. justice department is looking at concerns involving maybe privacy but also antitrust. that is a huge thing. neil: okay. >> if you look at some issues here, the players in the cross-hairs in an antitrust way, not really amazon. because amazon, antitrust law is based around consumers, whether you screw the consumers. amazon, at least not yet, screwing the consumer. you can make a case that facebook and some of this stuff going on with google does screw the consumer, particularly the sort of, the intermingling with the various apps and other products. google --
neil: isn't the president, isn't it what it is all about, they're not fair to me? >> that is his thing. neil: i know that is separate. >> lawyers have to do what they have to do. neil: that is a hard thing to prove, right? >> tell you this, listen, my sources inside of google know what google is thinking well till you this, they are really in the cross-hairs around the because they make money from digital advertising and they are big, own youtube. there is a way to break them up. they know they're in the pros areas. what they say is this. listen we've been there before. been in the cross-hairs before. a lot more rhetoric, democrats and republicans. neil: do you think it is going somewhere? i always wonder with that? >> they think, inside google and barometer of the others, they think they have good legal arguments, not doing anything wrong, anything from antitrust or privacy standpoint. they will prevail.
google brief it is the best position because they fought back the sec and obama. neil: right. >> what i hear from the firms themselves, it is interesting, unprecedented, both republicans and democrat are joining in the bandwagon to beat up on an industry. it is the extremes. now trump saying it is biased. the other one is worried about privacy. there is a legitimate antitrust issues to look at in terms of all their various apps. what does facebook own? they own whatsapp an instagram, right? neil: i don't know. >> google owns youtube and other issues. so you have the businesses -- neil: social media will be big. >> i hear email will be the future. neil: when you call these people -- >> sorry. neil: i saw this mike wallace, you are the business world's mike wallace, i like to think. >> really? >> i'm wondering when you call them up, for information, how
are they? >> it's funny because i do get calls back from these people that generally don't call back reporters. they see our, some of the tech firms obviously have been watching us speak. neil: sure. >> they would reach out, i won't say which ones -- neil: i bet they sweat because, i got charlie gasparino. >> they were very nice to me. neil: sure. >> i think part of is, i'm older than, obviously a little more mature when the old days like i was ready to rip everybody's heads off. neil: not a lot. a little bit. >> just a little bit. just a little bit. i am just saying they have a side of the story. i think it is our job -- neil: you call it what you want it? you want to talk to me? i want your side of the story. i report about a lot of different industries. steve moore coverage of crypto thing got picked up abundantly by everybody.
i think we were abundantly fair. rest of the media said it was dumb idea. i took it at face value. neil: i took it that i'm going to be rich. i'm going to be rich. >> he is kind of like gilbert gotfried a little bit? i'm going to be rich! neil: maybe mike wallace didn't -- i'm telling you, in the world of business journalism, he is mike wallace. wild swings for bitcoins. 14,000. off the highs. how much it is right now? 14 bucks? neil: i get that. >> down to 3,000. neil: i'm pointing out what is happening today. you're not mike wallace at all. i knew mike wallace. >> mike wallace would know the price of bitcoin and where it came from, believe me. neil: you're a bitcoin. we'll have more after this and i promise we clean up our act. stay with us.
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>> we saw those images, watching that image of oscar and his daughter is heartbreaking. it should also piss us all off when somebody comes across the border, not to criminalize desperation. >> i believe not openly reproductive freedom, i believe in reproductive justice. neil: really social media buzz. i don't know if is reliable, but julian castro getting a boost from his performance. so is early reads, congresswoman tulsi gabbard, despite getting third lowest speaking time. not just how many minutes you're up there but the minutes you're granted. kristina partsinevelos in miami with a lot more. hey, kristina. reporter: you're right, neil.
during the closing remarks people took to google to search tulsi gabbard. that was the peak according to google trends. it's a sea of green. tulsi gabbard is hawaiian lawmaker and a military veteran. a different color, the red by cory booker. tiny little dot in the blue, the state of oklahoma that is elizabeth warren. mentioned tulsi gabbard didn't get much airtime, compared to the likes of cory booker hit almost 11 minutes of talking time. tulsi gabbard's sister took to twitter to complain directly to msnbc, if anything, msnbc favored elizabeth warren over her own sister. and now, speaking of elizabeth warren, why don't we look at what the gaffe or google trends show prior to the debate. there you see a sea of blue. that is represented by elizabeth warren, followed by cory booker in red and beto o'rourke in yellow.
you can't see the green on the screen. that is so small. that represents tulsi gabbard in the small region of hawaii. got contenders from last night. debated through prime time. we're expecting exact same thing with big, well-known names. i would like to point out, randomly picked for both nights. joe biden, bernie sanders, people like to call him mayor pete, kamala harris. they will be debating most likely similar topics what we heard last night, the economy, immigration and health care. will we talk about how they pay for a lot of reform packages and proposes? we'll see. 9:00 p.m. eastern time, the building right behind me. back to you, neil. neil: kristina, thank you very, very much. we have our resident yoda on this stuff, fox news digital director on last night's winner and losers. that is the buzz you're hearing, tulsi gabbard did well. castro did well. do you agree with that? >> they absolutely did well.
the also-rans got attention would be bill de blasio. neil: oh, yeah? >> to a certain extent that plays into what i think with overall winner last night which was joe biden. the oak overall winner was donald trump. joe biden wants the race to continue, joe biden and almost 27 dwarfs. to a certain extent nobody sort of break out as single competitor to joe biden, he wins in last night. my anticipation going in, and consistent with the numbers that we just showed from the google trend was that it was elizabeth warren's night to have a breakout. she did fine, but she didn't have a breakout performance. she should have had a breakout performance considering she was only top five candidate on last night. neil: they say she faded in the second hour. that she didn't get as much attention? >> she did not get as much airtime as the others. neil: maybe because no one could hear anything?
i heard that was another issue. what happened, by the way? >> i don't know. neil: it happens. >> i've been involved in live tv for several decades now, sometimes things like this happen but it was sort of, its with the one bit of choreography you knew they would rehearse. we're taking three anchors off and putting two anchors on. neil: a lot to jug fell. i get that. you have 10 candidates. thank god no one said anything out of turn in the open mics. someone ran into the restroom. how do you think it will go tonight? >> i think tonight joe biden is the target. we have several tough, top contenders out there. the one thing i think all these guys missed last night, if you think about, what is red meat for democratic primary voters it is hatred of donald trump. nobody played that card. maybe one, on one or two statements about it. sort of the red meat for these democratic candidates, a meal of beef, hatred of donald trump
with a side of hatred of mcconnell. this did not, they did not play that card. joe biden, one of the things he has been doing, one of his whole strategies has been keep the focus on donald trump. trump on the other hand, the white house want to make this race keep this focus on democrats and some of their proposals people don't like. the thing about last night, all these also ran candidates articulated view whether on open borders gun control or taxes. neil: very revealing to the democratic base. when you have to run back to the middle for the general election, you're telling people we're standing on a platform opening up borders, decriminalizing those who cross them, "medicare for all," college for all, that's a lot. >> you're absolutely right. there was something for anyone to hate in the middle yesterday. i think that is a challenge for the democrats going forward. neil: do you know, whether you literally get bang for the buck,
surprise performance for tulsi gabbard or maybe even castro on the notion that people heretofore didn't have you on the radar, all of sudden getting buzz in social media, they're getting donations overnight, what do you think? >> i think you get some donations overnight. the other part depends what happens upcoming weeks. all of sudden these guys demand media attention because they did well last night, the question do they follow through, how well do they do in the glare of that. neil: all right. so looking at this, and the economy being a big part of what they're talking about, there are a lot of people who are not feeling this economy, for joe biden they will zero in on him say, you know we had the disparities when you were in the white house with barack obama. that is very tough rope to walk though, right? barack obama is the hero figure in the democratic party. >> it's a tough rope to walk, as you put it.
whether they will attack biden for that. i'm not sure attacking biden is right thing for those guys. guys on the left who want to take out bernie sanders, i would put elizabeth warren top of that, leader of the progressive wing of the democratic party, they should be focused demonstrating their bonefides to that lane. it is sort of a crowded lane right now. neil: it's a crowded lane. around none, thank you very much. >> thank you. neil: we'll see if we have audio issues anything like that. it happens. g20 meeting all of sudden concerns a deal might not be had. after this. ou only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him.
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neil: all right. i don't know if it's the case, the president saying they were ready right now to roll back some of the tariffs from the planned 25% on chinese goods to 10%. apparently the word never got to larry kudlow, says the u.s. will indeed move ahead on new china tariffs ahead of the president's
meeting with xi jinping. are you confused? you're not the only one. the markets don't know what to make of it. still early but let's get the read from fox business's blake burman. he's at the g20 summit with the latest. blake? reporter: lot of balls up in the air when you talk about trade and the whole u.s./china dynamic and what the president is going to be dealing with over here at the g20 to begin with, before he even gets to that. each one of these meetings will be headline-making to begin with. the president going to pack it all in, into a two-day trip here. the president tomorrow will meet with the japanese prime minister shinzo abe. he will also sit down and talk with russia's vladimir putin, following that he will have breakfast with the saudi crown prince, mohammad bin salman and on saturday, it's the quote unquote, extended meeting the president has called it with xi jinping. there are reports out today that both the u.s. and china have press releases drawn up to announce a truce. however, officials tell us that is simply not the case and the
potential of not adding additional tariffs at this point just remains a possibility and nothing more than that. we are also told if china asks the u.s. to end the ban on huawei, the u.s. would be highly unlikely to do so. you mentioned larry kudlow. he's back in washington and he said today the president would be fine with the status quo. >> perfectly happy where we are, where he is and where the u.s. is in these discussions. we have tariffs, we are gaining revenues from the customs duty. our economy is doing very well. china's is doing rather poorly. reporter: remember, the last time these two met was at the g7 at the end of last year, buenos aries. all the talk going into that meeting was about tariffs, tariffs coming down the line and what it would mean. that meeting happened, then there was a pause on future tariffs. here we are, six, seven months
later now, in japan at the g20 and all the talk is could there be tariffs in just a few days' time. these two are going to meet on saturday here in japan and i think either by the end of that late week, late weekend, maybe beginning of the work week, we will have a better idea of where this thing is heading. neil: thank you for keeping track of it all, blake burman. now, chamber of commerce survey out in the middle of all this shows more than one of four fortune 500 companies are concerned about tariffs, enough that it's going to impact their earnings. u.s. chamber of commerce executive vice president on that. myron, how bad is this? >> well, neil, let's look at the setup here. early may, the united states and china were close to getting a deal done. we hit a wall, clearly. since that time, there's been an escalation in tariff rate hikes on both sides, from china and the united states. we have seen other non-trade actions taken and the matter is that we've got a much more
complicated bilateral relationship to deal with. i think we're very concerned about further escalation but we're hopeful that president xi and president trump can reach some kind of accommodation in osaka, put a truce to the escalation and encourages a resumption of the trade talks between the two sides. there are differences between the two governments but there are landing zones that can be reached if the two governments go back to the table and really try to hammer out a trade deal. neil: you know, the president heard your comments last time you were here talking about concerns the chamber has, and he was ruthless with you. i don't know if we have the sound from that. but he criticized -- we don't have it -- he said maybe myron not so brilliant. how do you feel about that? you were just stating members' concerns and he starts railing against you. >> well, look, the obligation of the u.s. chamber executive is to
state the obvious. we represent our members' interest in these trade talks. they want certainty, they want stability in the u.s./china relationship. these are the two most important economies in the world. all eyes in osaka are on the meeting between president xi and president trump and that's where our focus is. we want to support the administration where it comes to addressing unfair trade actions, whether it's intellectual property concerns or technology transfer concerns, or whether it's dealing with market access limitations. these are legitimate issues. neil: legitimate issues but just for a nanosecond, do you wish you had a different last name at that moment? >> i have had this name every time i have been on your show. i'm going to have this name for a long time coming. bottom line is we are going to stay focused on where we need to be focused on the bilateral relationship. you know that. neil: myron very very brilliant, good having you. >> good being here. neil: good sense of humor as
well. that always helps. meanwhile, the democrats' economic message was pretty clear last night. take a listen. >> it is about time that we have an economy that works for everybody, not just the wealthiest in our nation. >> we can make our country work not just for those at the top. we can make it work for everyone. >> sitting on record piles of cash and the very wealthiest in this country at the time of historic wealth inequality. >> i am the one that doesn't have a political machine, that doesn't come from money. neil: well, after that, once the president's choice to become the next labor secretary before suddenly he wasn't, changed his mind and said what the heck am i thinking being a republican, i will vote for one of these guys. andy puzder joins us. good to see you. >> i might contribute money to elizabeth warren's campaign. i would love to see her be the nominee. neil: as long as i have known you, way back, what's going on
here is real. you could argue whether it's fair and whether the gap between the rich and poor, which has always been around, is something that, you know, is still a travesty we got to address, fine, but you were actually saying in the last couple of years when it comes to wage growth, that gap is in fact narrowing, right? >> absolutely. if you listen, warren and these democrats are responding to a question that said 71% of americans think the economy's good. then she comes back, warren comes back and says it's a thinner and thinner slice. it's 71%. it's almost three-quarters. but wages are up, everybody has talked about it. for nine months they have been up 3% or more but if you look -- neil: you know they were saying it was all in the rich's hands. >> which is absolutely false. if you just look at workers for last month it was up 3.4%. if you just look at retail workers, take managers out of it, it's been up 3.8% or better for the past 14 months. if you look at hotel and restaurant workers, you know, trump's and my former bailiwick,
it's been up for eight consecutive months. for workers this has been tremendous. goldman sachs came out with a report that said wages have increased significantly, wages in the upper half have been weak, weak increases. we had the new york fed coming out and saying average wages an increase between last november and this march from 58,000 starting to 66,000, mostly for people who don't have college educations. this is a tremendous economic boom for the working class. in fact, it's now harder to find a blue collar worker than it is to find a white collar worker that hasn't been true in decades. neil: know what i think has happened with this? math is a funny thing to play with. i was hearing one commentator saying it's undeniable the rich have gotten a disproportionate benefit from the tax cut and what's left out in that argument is if you give someone who is over 100,000 a 1% cut, obviously it's a greater aggregate amount than someone offered the same percentage cut on lower rung.
but even allowing for that, i mean, the fact of the matter is everyone got the cut. everyone got something. and i'm wondering if we would have been seeing the low unemployment levels among all key demographics and again, your opinion of the president, leave that out of it, just look at the data. something prompted that data. something did that. you could look at the cut in regulations which the president did first, or the cut in taxes. i get it, you and i talked about this before, the president hurts himself with some of these other things he says and tweets and just, you know, never an unspoken thought, but on this, the data is fairly inarguable. >> it is. investments way up, where did that money come from? investment is one of the drivers of gdp, investment and consumer spending. we have businesses investing, more people working than -- neil: they would not have invested if they didn't get -- >> exactly.
neil: you think in retrospect it was too big? >> no. we've got more people working than ever before. their wages are significantly increasing. they are taking home more of what they earn because of the tax cuts. and they are -- neil: why don't they -- people are polled on this subject, you know this better than anyone, you have written about it, i don't know whether it's automatic deposits and all that we have today, people don't see it, i guess, but it didn't have the perception impact. even though it's real, everyone virtually got a cut, they didn't see it, so they don't think it's a big deal. >> i think part of it is the media. there's a lot of coverage that you didn't get a benefit. joe biden stood in front of a crowd and said you guys didn't get a benefit. turned out about 80 prs % of thd get a benefit but they cheered anyway. neil: it could have been more. if the rich are getting this, between the percentage cut and even with the limitation of the $10,000 limitation on writing off mortgage interest, they could have gotten, could have shared the wealth more with
everyone else. >> they could have. i guess the argument is if you give us more we will give you more back. it's kind of a ridiculous -- i don't know what they are talking about half the time when democrats get up there and argue about the economy. neil: explain for me why the president is in this conundrum where we blame presidents if things are bad so we might as well give them credit if things are good and he's not benefiting. he should be up 10 or 15 points in the polls with an economy like this. with markets like this. and he's not. what is it? >> there's certain bad coverage about what's going on with trade which i think is something that needs to be done. republicans traditionally get hurt by what's going on at the border. sometimes the president will go after people that he really doesn't need to go after. neil: i think that's what does it. the media doesn't flip over him but he goes into crazy town. >> last night, really none of them could have beaten him in an election. just leave him alone. let them talk. let them talk to themselves. neil: but he's going to keep tweeting and doing this. >> he is who he is. neil: very diplomatic.
i always kid andy, he worked in fast food for decades and never gained a pound. by the same token, while i admire him, i also hate him. >> i was nervous all the time. neil: i remember those burgers, paris hilton stuff. but i digress. we will give you an update on that battle to get some sort of border deal done before these guys run out of town. they are planning to run out of town. after this. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. on a scale of one to five? one to five? it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry clive! actually, really angry. thank you. but what if your business could understand
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neil: we were just talking about this. law makers who are working to address the crisis at the border, agents are overwhelmed, but time's wasting. they've got to get this done by tomorrow. we go on a private tour of a border patrol facility in clint, texas. hey, casey. reporter: neil, good to see you. yeah, this is the facility that's come under so much
scrutiny after attorneys visited this location last week and alleged some horrific conditions inside with the children. so yesterday, border patrol opened it up to the media. no cameras, no recording devices, no cell phones allowed inside, just good old-fashioned notepad and paper. we went old school. but they did take us all inside and once we were in there, we had access to officials. people like the chief of this el paso border patrol sector and the rest, who put it bluntly, laying out the facts like how this facility was only designed to house 106 people max, and for eight to 12 hours at a time. a month and a half ago, their peak was 700 detainees. last week, they had about 250 in custody with the lawyers visiting. current system today is at 117. we saw two holding areas, bathroom facilities, pallets of
food, a supply closet. it is pretty bare-boned as you would expect. we are told they get a packet of oatmeal for breakfast, a cup of instant noodles for lunch and then a frozen microwave burrito for dinner with some snacks in between there like pudding and cookies from time to time. but the consistent theme of everyone we talked to inside is that they are truly trying to do the best with what they've got. though they admit they are in uncharted waters and the system cannot keep sustaining itself as is. listen. >> the variables driving this crisis are the same. unprecedented numbers of family units and unaccompanied children from central america, many in large groups, and nearly all of them seeking asylum and arriving without proper documentation. reporter: of course, critics argue that what we saw yesterday was sanitized, that shelves were
restocked and that it was sort of staged, if you will, for the members of the media. they also say if border patrol is being so transparent, then why were cameras not allowed inside. just since we have started to go on the air with you, we have some horns honking and some beeping. we are getting some caravans of cars, about a dozen or so, people out here honking horns, holding signs saying free the kids, families belong together. so both sides out here on this contentious issue. back to you. neil: it remains contentious. thank you very much. the former chief of staff of the border patrol under president george w. bush is with us now. very good to have you. can you hear me? >> i can. good to be here. neil: i apologize. let me ask you a little bit here. it's very easy for both parties to point fingers. i do know that a lot of these facilities were built the first time an administration had to
deal with an influx of children, a fraction of what it is now, but under barack obama. obviously they didn't envision a need where they would need even, you know, a fraction of this many beds back then. now this is not enough so it was started under humane purposes to deal with this influx, not as many kids separated back then, but it is what it is and here are we now. i'm just wondering who is ultimately going to be responsible for looking after these kids right now? it seems to fall back on these border officials and they've got to somehow find a way to do that. is that right? >> that's right. at least temporarily. because there's no other alternative, other than to release people entirely out of custody before you have even assessed who they are or started the process of beginning their asylum claim.
neil, you have to make a distinction, too, i think your reporter was explaining, you stand in front of a border patrol station, people need to realize these are like a police station. if you go to any police station in america you got a holding pen, it's designed to, you know, hold people very temporarily for a few hours until they can be turned over to custody of an actual detention facility, correctional institution. in this case, the correctional institutions are full. that's the facilities managed by i.c.e. which you referenced some of those were expanded to be able to contain additional family units. we have nowhere near the capacity we need. that's a failure of successive congresses and administrations not to fund that. we saw this crisis developing in 2013-2014. we didn't undertake nearly enough capacity building. now it's too late. now we have border patrol stations that as your reporter said, are designed to hold maybe 100 people max for less than 24 hours. that was the intent. those were all when they were built, some of them dating back to the '90s, early 2000s. the population was 90% mexican
adults. we could turn them back over to mexican authorities within 24 hours. now we have to hold people indefinitely while we wait for space to open up or while we wait to process their claims. these facilities aren't necessarily not only set up to hold them, we don't have the capacity to feed them. there's no way to construct a kitchen, to do hot meals and distribute the kind of nutrition they need. so these agents are overwhelmed. this was never what these facilities were designed for. it's not their job. border patrol agents are highly trained law enforcement officials. they are not trained in operating a day care. they are doing the best they can with the resources they have but reminds me of the rumsfeld quote that he got a lot of flack for. you have to fight the war with the army you have. in this case, we are fighting this war of keeping people in the facilities we have, not the ones we desire or need. neil: i'm wondering what you ma make, if you don't want to comment on it politically, this idea that elizabeth warren and others have advanced, i think julian castro as well, you decriminalize this, that all of a sudden you allow those who are
at the border, just come on in, there will be no legal ramification. what did you think of that? >> i think the answer to all this comes back to the same place. we need the laws to actually reflect what the policy is and the reality is. so if you have laws that say this is the asylum process, this is who is eligible and until you go through the process, you're not supposed to be released into the united states, then you need to enforce those laws. if you want different laws, then change the laws. neil: you can't deny the math. staggering math. all right. thad, thank you very much. i'm trying to get a fair and balanced perspective on what's happening to these kids but don't put the entire finger at the border officials. after this. eople first gathered to form the stock exchange which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology,
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neil: all right. i guess this is the first big heat wave of the season. possibly hitting 90 degrees from chicago to new york for three straight days. lot of humidity to go with that. by the way, this is going on in paris as we speak, too. i think they had temperatures of 102 yesterday, 104 today. it's just uncomfortable to put it mildly. meanwhile, target, walmart, ebay, they are all planning i guess their own amazon prime day or days, counter attack. gerri willis at the new york stock exchange with more on that. gerri: that's right. forget shipping wars. it's now a battle of the bargains as walmart, target and ebay jump in the ring to compete with amazon. it all started on tuesday, when amazon announced it's extending its prime day deals over two days. less than 24 hours later, target came out saying it's holding its own big sale on those same two days. target is betting on the business of those people who are not prime members. here came ebay, chipping in, offering three weeks of july
deals and an additional crash sale on the 15th which will go live if amazon's website crashes again like it did last year. finally today, walmart announcing it will hold a four day long online sale starting the day before amazon and target launch their promotions. look, if you're not an amazon prime member, there is still plenty of ways to get good deals online. i want to end on amazon. we started there. watching a new partnership with rite-aid. customers will now be able to pick up their amazon packages at 100 rite-aid stores across the country. the big plan will be make it available across 1500 rite-aid stores by the end of the year. shares of rite-aid higher today. neil? neil: thank you very, very much, gerri willis. meantime, democrats are divided over this health care thing, particularly the push for medicare for all. it's those lines of demarcation that are proving the most interesting of all. maybe they will play out again tonight. after this. my experience with usaa
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i'm with bernie on medicare for all. i spent a good chunk of my life studying why families go broke and one of the number one reasons is the cost of health care. >> i think we should be the party that keeps what's working and fixes what's broken. neil: all right. elizabeth warren going all in on this medicare for all, but there was a divide as you saw there among some that it's maybe not a
great idea. too early to tell and way too early to say what will go on tonight but there is some divide among the candidates here. little more than maybe we realized. democratic strategist and former georgian congressman and 2020 campaign surrogate jack kingston with us and kelly jane torrance. let me get your sense of that divide about how far you go decriminalizing at the border, not everyone of those candidates was for going that far, and how far you go talking about benefits for all when it comes to medicare for all, maybe not everybody. what did you think of that? >> i have to say first as someone from canada originally, if you get rid of private health care in this country, where are canadians going to go to skip the long lines for care and get the state of the art treatment. but yes, you did see a bit of a divide. on immigration, i don't think it was quite as strong. health care really i thought gave some of the biggest moments
that differentiated the candidates. elizabeth warren has actually avoided saying in the last couple years whether she would get rid of private health care insurance. this was a big moment that she finally admitted she would. it was interesting to see some of the other candidates push back very strongly with great points, of course. i think they have looked at the polling. a very slight majority of the public is in favor of medicare for all, but then if you tell them what about medicare for all that eliminates private insurance, you then only get 37% of the public that wants such a -- neil: that's a good point. i think there was a point where they asked would you switch your plan, private plan, for medicare for all plan. i think only three or so raised their hands. i might have undercounted but elizabeth warren was certainly among them, in fact, first to raise her hand. that said something right there. >> i totally agree. i think it was a kaiser poll that showed people, they think
they like medicare for all but it's a bad idea for a number of different reasons but you ask the follow-up question of do you want to give up your private health plan and then the percentage of people who are in support of medicare for all goes down monumentally. i think that medicare for all for the democrats, i think peter orszag, the omb director under president obama's administration, said it correctly when he wrote that medicare for all is the democrats' repeal and replace meaning this is something elizabeth warren is promising the american people and something that is not going to get done, something that we can't pay for and it's the wrong path to go down. neil: you know, one thing republicans are barking on that front, jack, you might agree, careful what you wish for because if we go that route, a lot of the medical care you're getting today might go bye-bye or at least the lines might get longer. and republicans see it as a tempting issue to pound in the general election. do you agree with that? >> absolutely. it ought to be called government for all because what the
democrats are trying to do is give away as much as possible and grow the government at the expense of the private sector. 60% of workers in the united states of america have private health care they have gotten through their employers and all of them will have to give it up. under obamacare, nearly five million policies had to be surrendered and people raised cain about that. in many places they were left with one or two choices. i believe this whole push for socialized medicine leads to rationing, inefficiency and incredible cost. the cost of this is something like $32 trillion over a ten-year period of time. that actually means you are doubling the size of our budget just to do this. i can tell you somebody who sat in the congressional office for 22 years, half of our casework involved straightening out something at the v.a. because people dm people could not get their claims paid. neil: it's very early but i'm wondering if some of these issues that might get you closer
to the nomination of the democratic party are going to curse you, come back to haunt you in the general election. >> i think so, neil. i think john delaney's comments last night against medicare for all, getting rid of private insurance, that could be a republican ad right there. but i wonder if this is a repeat of what bernie sanders did to hillary clinton in 2016. he pushed her to the left. she wasn't in favor of a $15 minimum wage, then she was. she was in favor of tpp, the free trade agreement, trans-pacific partnership. he pushed her to go against it. she went to the left and i think it did hurt her in the general election. we are starting to see that now. neil: she hurt herself but i understand what you're saying. i'm wondering whether, you obviously want to see a democrat get in the white house. i'm looking at the positions they're taking. now, what's surprising about last night is they weren't all, you know, reading from the same choir book. there are differences there, although the differences among the ones who are polling the best were not that different. i guess what i'm asking you,
does it concern you if the debate tonight continues this theme at least among the top polling contenders for a lot more spending and a lot more benefits, the details of paying for them are not clear? >> yeah, no, it certainly concerns me. you always have to walk that line. either republicans or democrats, when you are trying to get through a primary. i do believe if you take a position like medicare for all, then you won't make it through the general election and we will have four more years of a trump presidency. i am encouraged that vice president biden seems to be moderating the debate when health care is concerned. he was there during aca. we all worked really hard. we should fix what's not working about it and prop up what is working but yeah, i'm very concerned and i think that if we take too hard a left turn, we won't win in the general election. neil: if that is the case, jack, one of the things that always comes up is why the president is in the polling pickle he's in
given the strong economy. you have often reminded me as well, still early. it's got to be a concern to the trump folks when they are looking at a good economy, looking at pretty decent markets and they're not really seeing the bang for the polling buck. >> well, they are, but i do think that as people get closer to this and they focus more and they look at the nominees from the democrat party, and the extreme positions that he or she will have to accept in order to get that nomination, then it's going to make it a lot easier to choose donald trump and looking at the economy, they are going to say you know what, i'm doing well, my stocks, my savings have gone up, i've got more job choices, my wages have gone up, he's standing up to china, he's got a strong defense, and i don't want somebody who's going to be against the president on everything, all the progress. we need to cooperate and what we are seeing from the democrats, not only are they socialist ideas but absolute obstruction. i think everybody at this point
will admit that there's a crisis on the border, for example, but the democrats refuse to work with the president. we are seeing it being played out right now on this humanitarian aid bill. so i think it's going to be a lot closer when people take a good look at who the democrat nominees are, they are going to go to donald trump. neil: guys, i want to thank you all very, very much. part two is tonight. we will see how that goes. real quick update on bitcoin. i don't know if you have been following this. it soared over 350%, it's back down a little today. dow is up a little more, 64 points. i confused my producers, i apologize. the supreme court's decision on what can be included is one of the big issues right now on the census questions and exactly that one about citizenship. the supreme court said you're really not making a compelling case to put it back in. so they are saying you got to take it back out. but they seem to be fingering the commerce secretary of the
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neil: you heard about the supreme court decision right now that strikes down that question asking about citizenship in the 2020 census. the president tweeting on that ruling, seems totally ridiculous that our government, indeed country, cannot ask a basic question of citizenship in a very expensive detailed and important census in this case for 2020. i've asked the lawyers if they can delay the census no matter how long until the united states supreme court is given additional information from which it can make a final and decisive decision on this very critical matter. can anyone really believe that as a great country, we are not able to ask whether or not someone is a citizen. only in america. just trying to clean up the language to make it clearer but i guess you get the gist of what the president is saying. former reagan campaign manager,
very good read of politics in general, ed rollins on all of this. ed, obviously the president not pleased with this. it's very rare for the supreme court to consider the same matter it already ruled on within months but what do you think? >> obviously they didn't give the right answer to the court and that's out of the commerce department. they shouldn't have to have great justification. the bottom line, it's a very simple question, are you a citizen or are you not. neil: they didn't make a big deal of this when the question was taken out. >> no, they didn't. now it's all about illegals, all the rest of it, and that's not the issue. the issue is are you going to really know who's in the country, a country of over 300 million people, you may have anywhere from 20 million to 30 million illegals in the country. that's a good question to know. it doesn't have anything to do with getting them out of the country, doesn't have anything to do with enforcement. it is just a question of knowledge the government can have when it's making decisions. neil: the president isn't pleased, is it going to be a very divisive issue here?
let's say the census is delayed. can the president really delay it? >> well, the commerce department implements it. it's supposed to be done every ten years. i'm not sure it's ever been delayed before. i think they have -- neil: trying to understand how wilbur ross made this decision. >> i don't know. i wasn't -- you know, i have been involved in this census many other times, reapportionment and all the rest of it. i was far more interested in the reapportionment decision which obviously has political ramifications long term. neil: democrats are howling about that. the rigged system continues. >> they had the system rigged for their side for a long time. about 190 congressional seats are democrat, you know, it's a pretty even match, about 30, 40 swing back and forth. neil: methinks they wouldn't be complaining if it was gerrymandering going on for democrats. >> my first boss was a state senator in california. they took his house he lived in for 50 years, moved to circle it, drew a line 50 feet, 101, district 100 miles away.
neil: i heard a congressman had a district like that. i was on the very, very end of it. i think the only house in the neighborhood that was. let me get your take on the first debate last night. what did you think? >> i don't agree with anything they said. they were very articulate, though. very forceful. they are good advocates for their positions. with one or two exceptions, i think -- neil: who impressed you the most? >> castro and elizabeth warren were both on their game. warren is very articulate. she probably has the best campaign to date. castro is a sleeper. i think he moved to the forefront. my sense is he has a magical story to tell. you see a lot of experience as -- neil: what will you watching for tonight? >> tonight is all about biden. if biden is nowhere near as articulate as those other candidates, you know, i think he's going to slip. i just don't think he can basically go as long and strong as the others can.
neil: you think he still gets the nomination? >> it's going to depend on iowa and new hampshire. if he loses one of those, which he possibly can, then i think there will be an erosion. neil: a lot of talk about bemoaning the recovery, the tax cut, all that. it might get one of these folks the nomination but they have to rush back to the middle on some issues, decriminalizing those at the border, issues that might not go down. >> if you don't think the democratic party has moved really to the left, just watch a rerun of last night. i'm sure it will be worse tonight. neil: tulsi gabbard didn't run to the left. >> she was very good. she didn't get much of a chance but her personal story is an extraordinary story. neil: all right. you know aloha means hello and good-bye. isn't that amazing? works either way. >> i love hawaii. i think she's a future player. she will be a senator or governor of hawaii some day. neil: we will watch closely. thank you, my friend. a lot more coming up. we got boeing, that's in the news. we got bitcoin, that's in the
news. two very different reasons. a lot of attention to this stock. we will explain after this. under this buttonwood tree, is where people first gathered to form the stock exchange which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪
neil: you know, bitcoin doing well. it's not for the faint of heart, right? you got a lot more volatility in this sort of crypto currency sensation, a lot of people saying it's down $1700 right now, count it by the second because it's had a better than $3500 swing today. it is still up in excess of 300% on the year. who knows where this is going. brandywine global portfolio manager jack mcintyre on what he makes of this. jack, i know there were a lot of catalysts leading in this, facebook getting involved with a crypto currency of its own and you know, a lot of the talk that we were going to see more players enter here and the
environment was very, very different. stephen moore maybe being, you know, wooed to look into this and to join one of these crypto currency outfits. i don't know. but a lot of confluence of events. what do you think? >> so i think ultimately what drives bitcoin is investors' emotions of fear and greed. you know, we've been in the greed stage now for a couple of months. it's been parabolic. we are probably actually entering the fear stage right now. i do think the facebook launch of libra certainly could be a catalyst to see more pressure on bitcoin. neil: which is real, the runup last time or the runup this time where people say ignore the rundown? >> you know, bitcoin, i struggle with it because it's kind of not a store of value, maybe it's a medium of exchange. it's just a special vehicle and the markets decide to want to
bid it up, it does that and then it can turn on a dime as we're seeing. the only thing i would be on the lookout for is as an equity investor or any other asset investor, it is a measure of sentiment and when it turns, it can potentially have implications on u.s. equities. back in december of 2017, bitcoin put in a huge high and then a month later, equities which had a powerful move into that, rolled over as well. you know, it's just the commonality is that these are all markets and they can have a speculative froth to them at certain periods. neil: yeah. you know what's interesting, too, jack, i liken it to and probably it's not a great analogy, but its own little internet boom stock in one company, and one entity, and we know what happened to the internet boom, but there are others who say it's not about bitcoin, it's about the whole crypto currency, that is real. the players around that are real, facebook getting into this, despite a lot of promises that the government's going to
watch every one of its steps, but this is an undeniable technology that's developing. >> and i agree. i think, you know, if anybody's probably going to be successful being a non-state player, facebook certainly is in that position, they've got to reach, you've got 2.4 billion users, you've got 90 million companies using various facebook platforms. they've got the resources. this isn't just facebook. this is backed by visa, mastercard, paypal, et cetera. yeah, we just need to see diminished volatility in the libra, the other requirements of a currency, medium exchange, store of value, et cetera. neil: well put. jack, always good. thank you, sir. jack mcintyre. have you ever dreamed of getting over traffic by literally flying above traffic? well, there's a flying car for that. right now, there's a big player called boeing that wants a piece
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neil: i thought of this when i was eight years old, flying above the traffic, to avoid the traffic. filing car, i just didn't have the money, wherewithal to put brilliant idea into fruition. boeing could be looking at doing that, working with deirdre bolton, is kitty hawk? >> exactly right. kitty hawk we know because it is founded by the former google founder, larry page. he had some serious money in kitty hawk. kitty hawk and boeing partnering to bring us a two-seater, a cora, flying vehicle, the idea not ever have a human pilot on board. that should work out very well. there is some photos. the idea it would be flown by autopilot. so there is autopilot system.
then that will be monitored, supervision from a human pilot, but the human pilot will be somewhere else, presumably in a control tower situation. by the way, not so out there as ideas, that uber is trying to have a air service ready for testing in 2020, ready for commercial use in 2023. neil: really? wouldn't a flying week. wouldn't you need faa clearance and stuff like that? >> there are all sorts of complications. that of course being one of them. even the rules for drones, commercial use drones. never mind they don't have people in there. i think is is taif to say that will take longer than 2023. neil: in all the sci-fi movies they're doing that. >> this idea of a flying taxi is pulling a lost people in. boeing, obviously larry page. uber, these are pretty serious companies who say we know
transportation will change. this is one of the ways it may change. neil: the draw i imagine, you beat traffic. >> you beat the traffic and presumably not for long haul, right? almost replacing helicopters i think is the idea. neil: you getting back to your compound, then be done but -- >> i like your version of my life. i think i'm going to borrow heavily from your imagination. neil: boeing wants to be part of this? >> boeing wants to be part of it for kitty hawk. this is nice talking point for boeing these days, versus the 737 max problems. neil: all right, deirdre, thank you very much. you know the first customer i think they would have for this? >> who is that? neil: i would think charles payne. he has money to burn. i'm thinking this technology is such, either he or gaspo, the other charlie? the other charlie would do this. gaspo is cheap. >> my money is on charles payne. neil: that would be a big deal. deirdre, thank you very, very much. before i toss it to my big
spending buddy charles payne, we're up 46 points on the dow. a lot of this, back and forth, lighter volume on idea they want to see proof progress is being made in japan on these talks. we'll see. charles payne, to. >> all i need is a bigger version. thanks a lot. a large majority of stocks are actually higher today but there remains cautious tone to trading. investors awaiting this meeting between president trump and xi. there is word today progress is being made. we'll explain all of that. the dow would be significantly higher but held back by boeing after a new software problem has been found in the boeing 737 max. we'll have full explanation for you later. plus -- >> when you have got an economy that does great for those with