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tv   Making Money With Charles Payne  FOX Business  October 29, 2015 6:00pm-7:01pm EDT

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>> a lot of -- yes, a lot of shares traded. deirdre: john come back talk to us more, we have a year to go, we will have a lot of fun. ceo of predict it. thank youf for joining us here on "risk & reward," my colleague eliz mcdonald is joining me with making money starts now. charles: third g.o.p. debate in the books, rounding out top 5, he killed them in particular left leaning media. this chris christie, i don't know if this is enough to resurrect his effort he had a good debate, tied for third, ben carson, and donald trump, ben gave some details. and marco rubio a lot of people say won, i'm not sure. then governor mike huckabee, i thought his presence was felt. i think that is the end of the
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road for jeb bush and john kasich. tweet me your thoughts, "making money" starts right now. >> this is not a cage match. if you look at the questions, donald trump are you a comic book villain. ben carson, you can do math, marco rubio why don't you resign? jeb bush why have your numbers fallen. >> in fantasy football? >> donald trump, you look at him do you see someone with a moral authority to unite the country? >> i love donald trump, he is a good man, i am wearing a trump tie, get over that one. okay. >> such a nasty question, but thank you governor. >> where did they get this. >> i don't know you write the stuff. >> even when you are doing in new jersey is called rude.
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charles: sparks were flying, who were the winners and who were losers? we ask our panel, liz peak. kathy taylor, and dave mcen tosh. winners and losers? >> i agree with you, cruz was a winner so was rubio, they talked about their tax plans, pushed back to liberal media. i thought trump was a loser last night. charles: it has nothing to do with beef you have, you thought he did not take advantage of the night? >> he had a chance to explain more about what he would do on taxes, he was laid back, trump. did not really engage. charles: here is the thing, i saw where donald trump would begin to answer a question, then back to his talking points, whoever helped him prepare for
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this, they said, stick to the bullets, ben carson tried to answer questions in my opinion, i thought he did pretty good with medicare thing, that is something we need to delve into more. he fumbled on a few other things for you who were winners and losers? >> experience trumped last night over the outsiders in terms of substance, power, being on the offensive. charles: what does that mean power? >> you look at, the way that i think about it, you have rubio, was most valuable player, cruz was team captain, and christie of most improved, i think that sums it up but they all did similar things, they were tough, they used humor, rubio into the got the most laughs, they were substantive and able to talk about a variety of issues, that
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is where trump and carson are a little weak every time. as a former practicing physician, carson should be able to unpack the thought policy prescription for the american people in a clear way. >> he stumbled on that, he admitted to a position he took before that, he was wrong, that is laudable. liz it of such a crazy debate. >> it was, they lost control. charles: and the seasoned politicians took control. and you know, air time they got, no one could complaint, none of the also-rans could complaint they did not get an opportunity to speak. >> that is right, once they started attacking media, media, moderators had to standing to rein them in i would take exception with your depiction that kasich lost, he got a lot
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of air time, he came across as someone with a lot of experience. i thought last night was about people with governing and legislating experience showing up people with shallow resuming, people like carly fiorina, and ben carson, reverted to their talking points, and kasich had really interests things to say. i thought that jeb bush lost. charles: everyone agrees on that. >> yes. that is the easy one. i thought rubio, cruz, and kasich came through strong and with points they wanted to make, they made well. and also, again, not going to mud pit, people did not want to see that, we did not have it. charles: we saw g.o.p. sort of unite last night. >> finally. charles: i'm spartacus it felt like every was united against those moderators. >> finally, we took the fight out of ring, they united. but also investing about them united they realize they are running again hillary clinton. -- against hillary clinton that
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was important. >> to your point it was a sign politician that did that. carson and trump, neither one i think, to according to an april article i saw. facing it candidates not thrilled with thousand it went out. >> the questions that have been asked so far, in it debate, illustrate where the american people don't trust the media. charles: it was not just the gotcha driven questions, some of the republicans maybe most are upset with republican national committee, carson's campaign manager, said this debate was so unfair to everyone, that the to matt must change, he is calling for a revolt against the rnc, did you see to a point where maybe to redo the debate issue rehash them. if the rnc a loser in this as well? >> no, no, i think that they
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have done a good job of narrowing. so we don't have a debative two days. these -- the questions from the moderators were unfair, the good candidates turned it back on them, and won this debate. that and i tweeted. charles: is there a process, is that about vetting the candidates for voters not you know, not gamesmanship between the moderators and candidates tissue like a street paul, some reince priebus not said, let me know who will be a moderator let's have balance on that. >> they should ask for moderators that will be real news men, and moderate, the best questions in first debate came from voters they put on through facebook, do that let them talk about their policies to people. but the other thing is that look, don't whine about a debate, it is going to get worse after the primaries when they are up against hillary.
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because the mainstream media is going for you, get used to it now. charles: i hear you, kathy. you are a g.o.p. strategist? do you think this was good to prepare for mean spirited, many stream media. >> they are prepareed and been dealing with mainstream media, it was not just the questions, this is supposed to be a debate about "jobs," and the economy. and what is importance to -- important to american people with small businesses surf suffering, people that want to work who can't get a job, obamacare penalties about to hit american taxpayer, we have real problem, this was supposed to be a debate about, that there was not a single question about how to raise a job, it was not just the questioners being base -- biassed. charles: should the candidates go to the rnc, say, you have to
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figure out a better system, help us out with this, none of us are getting our message across. >> what you have moderators asking questions that attack a candidate personaly, calling you, a comic book character, or that you hate your job, president of a network should make a statement. charles: called basic respect. >> it and i think that -- not necessarily the rnc 's fall it happened there is no way, who would have thought this is unprecedented it could have happened there is no way. charles: you were on my twitter line, everyone thought. >> liz, again, fantasy football, marijuana, you know, i don't know, just what degree the rnc should be involved in. it was a unmitigated disaster, these candidates have a right to be upset. >> they did, had you had an hour and a half or two hours of talking about budgets and so omost viewers would have gone to
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sleep, i understand why they lobbed in a couple of topics this mean something to people issue fantasy football. i, agree but what irritated me is that everyone had a plan, everyone has a plan. no one pushed anyone to explain like donald trump, bring jobs back, no one said, row? how are you going to do that? charles: they will get that with the end debate. >> i hope so -- with the fbn debate. >> i hope so. charles: you are right. listen. >> reducing taxes to 15%, bringing corporate taxes down. >> get rid of all deductions, and all of loopholes. >> a simple flat tax. >> only if it is about three pages, are you leveling the playing field. >> my tax plan gets rid of the payroll taxes as well.
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>> these plans would put us trillions of dollars in debt. >> that was kasich saying these guys are nuts, who had best tax plan? over all, the question is, who is best for the economy? david? who do you think, the tax plan, they have been vetted by different entities, including a tax foundation, which tax plan is best, and which candidate do you think would be bet for the economy? >> you know, the cruz and paul plan are similar, they are the best for driving growth. rubio, addresses the question how to we help middle america keep more of their income. and i notice ted cruz did that too. those are ones that will work, the restore growth and realplann kasich, he is the green eye shade guy said no i'm not cutting taxes, i am going to
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just be a budget cut ir, an cuth manage things that the very out of tune with the rest of the field. charles: here is the thing, donald trump's plan, over 10 years we would have 10 to 11 trillion in lost revenue, but, create 5.3 million jobs that was most job creation i have seen of any of the plans. bush 2.7 million, rube wro rubi7 million jobs created. smaller degrees of deficit. arery at a point we can create jobs and see deficit grow or does american public say we want you to find a way to create jobs and curb that deficit, 18 trillion is going to, a time bomb. >> i don't think you can tell the american people that deficit will go up again. they are going to go up again anyway, if interest rates edge
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up, and looking at way that entitlement trajectory goes, deficits will start rising again, this is a person debate to be having, the democrats don't talk about growth at all. all they want to do is redistribute the income that is coming in you know all that this nation's biggest issues, immigration, income inequality, they all vanish if we grow the economy. something that this administration, that white house, has absolutely had on the back burner since day one. >> we can agree to grow the economy beginning with right tax policy. >> it does, there are a couple important points about this first of all, entitlements are 65% of the budget. mandatory spending, we can talk about deficit, and debt service, but what matters if you want to fix the tax problem, fix the entitlements, this is why paul ryan talks about this all of the
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time, other thing don't matter as much. you have to fix the entitlementmenpart, as faras a h marco rubio. you know, cruz and bush -- i am sorry -- cruz and trump, they have freight great plans, i don't know how realistic they are, but rube rubio's plan, evee pays, freedom is not free. charles: i,a agree. we heard a couple of guys, a small skirmish over social security. someone has the guts to tell american public we have to figure out a way to get medicare, medicaid, social security and obamacare mixed in. >> >> i think those who most credibility on their tax plan are those who will people will trust to tracy those.
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who will cut spending and who will bees hard ass guy to do that, that gets taio cruz one thing that i like about trump, he would be a hard ass guy. but that is part of his appeal, they go together, who will face spending problem gives them credibility for great pro growth tax plan. charles: cruz has been talking longer than anyone else, i think people believe in his intre grit t-- integrity to get it done. charles: thank you so much. >> you do not want to miss fox business very own republican debate, tune in tuesday, november 10 at 6 p.m. also 9 p.m., moderators are right there, it is going to be huge, right here on fox business. >> someone mentioned paul ryan, he was elected speaker of the house. but how broken is the house? your thoughts.
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tweet me at cb payne.
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what. you don't have a desk bed? don't be left in the dark. get proactive alerts 24/7. comcast business. built for business. charles: well there is a new speaker in town, paul ryan replacing john boehner, after winning the election on the floor of congress, he has his hands full, trying to heal the divisions in the party could in the chamber, he came out swinging in his first speech today. >> to me, house of representatives represents what is best of america. the bound less opportunity to do good. but let's be frank, the house is broken. we're not solving problems am we're adding to them. charles: well many would say that deepest divide between
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congress and citizens it is supposed to represent, can he bridge that gap? joining me now congresswoman was--barbara comstock the houses broken do you agree with that? >> we know we have issues. we need to stop fighting each other, and fight for the people, that is what we need to do, paul is a uniting force, he asked us to pray for each other, the point was there a -- hope was therpope wasthere and he said le dialogue about issues, because paul is a good policy person, and has confidence in his good policy ideas, he not afraid to debate, and discuss, but to do it civilly by uniting people, he did it in the trade bill, i think you will see it going
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forward, either tax reform or providing opportunities for us. he -- that is a record he has had going to when he was working on someone who was beloved to me that jack kemp, that is a tradition he comes from, i think that is going to be a great healing spirit. in the house. charles: everyone has great thins to say about jack kemp i agree. i think he was the -- if the term compassion conservative, but team say hold jack kemp up on a pe a -- you mentioned stab, there is still skepticism, 9 republicans who do not vote for him, that is not a lot, per say, but there are some open wounds within the party. how can he heal the chamber, bring compromise, which is a 4 letter word right now.
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>> you bring people together, include them in the process, have them discuss the issues that are going on. again, it is like what he did, with the trade bill this year, everyone got a say, i could -- during that whole process, i would see him sitting on floor talking with groups of people over the single member, he had meetings with people, he has great policy staff who are really you know we know them well, they are some of the hardest working staff on the hill who represen reach out, het in a great chief of staff in dave hopy, someone who not only worked in house but he worked in senate, we know, he can reach across to senate too. charles: congresswoman comstock, when john boehner was talking and talked about a young paul ryan, it looked like ryan squirmed a little bit. but, boehner ising h being kicko the curb.
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a lot of people saying paul ryan is nothing more than boehner 2.0, that can't be a good way to start this new job off? >> well, first of all, you know i have known both of them since the it pin it '90s, john boehner planned to leave last november, after the election, when eric cantor did not stay to win, he felt he needed a year for that transition time, paul rightly honored john boehner there was a lot of tears he has been -- a friend and khalil. charlescolleague. charles: not all from john boehner. congresswoman comstock i love our enthusiasm, i hope this is a new day. >> we need to be working for the american people not problem within ourselves. charles: thank you very much. >> this is not a surprise, u.s. economy, it is slipping.
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despite more disappointing economy data, stocks trading near all-time highs. where is the disconnect? i am bringing in two of the best, we'll hash it out for you.
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charles: i know it's not news to you but it is to wall street, the economy grinding to a halt, today's gdp report was up up oy 1.5%, consumer spending helped a little bit even after that less than expected, another ominous signal from housing as well, signed contract to buy existing homes dropped. federal reserve saying it is pretty good. where is the disconnect? joining me now, john lonski. and van shafer. why are you chuckling? >> the fed said we have to have credibility, if you want
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credibility, and you are in economic business you have to be a accurate forecaster, their record of that sort leaves a lot to be desired. charles: they have a unlimited prints press, they go out can print it up tomorrow. >> they can do whatever they want as long as the dollar remains strong, and inflation is well contained, but it may not always be the case. charles: i am hearing from corporate america that the strong dollar is hurts them. >> a huge headwind, federal reserve is caught between that dollar getting stronger, and raising interest rates, the moment they raise rates, the dollar will go through the roof, which is my project over a strong dollar, which is going to hurt a lot of multinational companies. charles: we're seeing it, you look at caterpillar, and ibms of the world. >> you are right, you look at results third quarter even after you take out energy companies and focus on rest of the s&p
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500, sales are up less than one-half of 1% from a year ago because of the stronger dollar, and weak overseas economy. >> what happened to old school economic 101, elas i , lastisite economy? >> 10 years ago, 2005, real gdp grew by 3 percentagialy on average -- 10 years ended that growth rate is 1.4%, we live in a more whic who wh competitive o not snap back, we don't agree like we used to. charles: dispdispl and john said with higher interest rates we have the gdparticularsdp nums
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circle was we'll lower rates to help the economy but people with money who saved and did to right do not have that income to spend on the goods. charles: where do we go from here? >> at-this-point we're seeing signs that the fed program is not working and has not. what is happening is housing -- gdp number, 1.4% of that number was inventory build up that was down. charles: are we in? or held on a -- >> right now default is rising business sales are barely growing, if we don't have a rejuvenation of core business sales soon we will look at risk of a recession. charles: i don't know which one of you gets the grinch award but
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you look good. thank you. >> hillary the hawk, democratic frontrunner kicking obama to the kurcurb on domestic and foreign policy issues, we'll tell you all about it next. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere.
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this, that we should be putting together a coalition to support a no-fly zone. i think that it is on. complicated and the russians would have to be a part of it or it would not work. >> hillary clinton is not half baked in terms of her approach to these problem, she was my secretary of state. but i also think that there is a difference between running for president, and being president. >president. >> that was presidential hopeful hillary clinton, and her former boss, president obama sort of at odds over the no-fly zone in syria. and she publicly denounced the administration to train syrian rebels, this is proof that a president clinton would be different from a president obama. joining me now, judy miller, and chuck nash.
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captain nash, hillary sounding hawkish for someone who is running in a liberal contest. >> yes, i think that we all should step back from this, we laid down too many red lines, and no-fly zone, at-this-point, is to use metaphor like sands of grain -- grains of sand in an an hour glass, each represents an option of what you could to, if you don't have a plan you let them on the bottom you only have a couple left, i think that the best used by date stamp on no-fly zone has expired a long time ago. charles: do you prefer next president step it up? boots on ground? >> i think we don't actually have a place in the syrian civil war right now. you know we're over the cliff,
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hitting the brakes, does not matter. only person with a plan in this, today is vladimir putin. we given this thing up to try to takat back now just, it just used bad ideas at a wrong time. charles: that would turn colin powell thing upside down in terms of breaking it and owning it. vladimir putin owns this thing. hillary clinton, i think trying to distance herself from president obama. it is not most hawkish position, but we don't hear anyone else on that side talk about this. >> i know that the n no-fly zone it has been endorsed by virtually all of the si serious republican candidates. i think hillary is trying to separate herself from the idea that america should not have a leadership role in middle east, that has been president obama's
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po. charles: >> most military people like captain nash said, this will take a lot more troops hor military resources to actually establish such a zone, than we're willing to commit, i don't think that is her point. she is not wedged into a zone are she said america has to be more assertive, american leadership has to be a factor, we cannot leave this to vladimir putin and russia to sort out, that is a message that a lot of americans' to hear. charles: i am inclined to agree with captain nash with report maybe it and i little too little too late. >> thank you. charles: at home, you don't want to miss it, fox business very own republican debate, tune in. g.o.p. hopeful center stage tuesday november 10, two debates 6 p.m. and 9 p.m., it will be business, it will be economics, look at that panel.
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china ends one-child policy, couples can now have two children, what does this mean for girls? we have question with very little answers. jeb bush: this president, with all due respect, believes that america's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians
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that are being eliminated in the middle east? but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message. xerox personalized employee portals help companies! make benefits simple and accessible... from anywhere. hula dancing? cliff jumping! human resources can work better. with xerox. which allergy? eees. bees? eese.
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trees? eese. xerox helps hospitals use electronic health records so doctors provide more personalized care. cheese? cheese! patient care can work better. with xerox. that's it. charles: china ending their one-child policy, a lot of economists think it is too little too late, your thoughts, we'll be right back. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much.
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just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. ...of fixodent plus adhesives. they help your denture hold strong more like natural teeth. and you can eat even tough food. fixodent. strong more like natural teeth. fixodent and forget it. charles: china is expanding the one-child policy, now families can have two children, that policy in place since 1979, estimated to prevent 400 million births. joining me now, julian melcher, and liz peak. jillian, economist have been saying that this is a misguided
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policy based on the aging population but there were other ugly parts keeping it in place. >> you have local officials trying it keep birth rates down, forcinger anforce sterilizationd abortions, on top of the creepy factor of government saying how many children you can and cannot have. also this is corrupt, wit wellir chinese -- wealthier chinese can afford on pay for another child. charles: china saw that you about is it too lity. >> the thing is that demographic changes take decades to come about, with each watch like watching a tsunami they don't do anything about it. the chinese have let this
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happen, the important thing for china, the actual work force, the people in the workforce started declining two yearing, it will decelerate in 10 years that is important for the ik enemkpal-- theeconomic growth ra problem for them, have you a huge number of single men who have nobody t marry, someone proposed in china that men should be allowed marry -- women should be allowed to marry more than one man to take care of this. there is a historical fact with a large bubble of excess men in population it often leads to war. it is a very destabilizing situation in china this imbalances. >> this is a huge imbalances. you look at estimate that i have
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seen by 2030, one in four men, are not going to have enough women to find a wife. charles: you mentioned abortions too for the most part focused on girls, they were still a large -- they are not as domesticate or industrialized as they are now. >> yes, it has been it hits women to both sends, have you gender selection on one hand, and other end you have women who are subjected forced abortions, and sterilization, this is a woman's right issue, and lawyers that have been brave enough in china to defend the women, the government come down on them so hard. charles: quickly, does this mean that china's effort to be a diagrammistic ikic -- domestic economy is derailed because there is no one there to buy the products?
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>> that is anti an exaggeratione you a large number of people moving into the class, but export driven part of the economy. is hurting, wages are going up. charles: thank you, appreciate it. >> coming up, thank you obamacare, and thank you higher minimum wage, a progressive ceo warning that robots will take your job. beware.
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-- pae-- pan aria ceo said thatr will go down, send in the robo robots. ken long time no see. earnings report starbucks down in after market. it is interesting that have you a big time progressive who said, send in a robot. in a way, forcing this higher minimum wage is backfiring on the very people it is supposed to help. >> it is kind of a perverse situation, as a society we're addicted to lower and lower prices. on flip side you have companies to need to compete, labor costs are the biggest expense, it is not crazy to see them trying it rein it in.
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if technology can do that that is where they will go. charles: panera2.0 is what they call it, peopl losing jobs. >> this is sad, reducing entry level opportunities for younger workers, this makes matter worse for america' dwilgdfor middle c. >> imagine situation would be. charles: we're seeing pee we'rep up their savings again. we had the gdp number out, i see millennials have half their money in the bank, i understand being afraid but don't you make
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a bad economy worse. >> fair enough, but with the millennial it is different. charles: sure but in general, the idea that businesses are not spending money, they are not investing, and consumer is not doing it, where does it come from? >> it will come from both of those places, at some point. if it -- >> but it has to be free market drif glin thdriven employed ideo visible hand of government -- have opposite impact. >> that was my point, if it does not turn out, system that we have lived under du does not woi don't believe that. >> we had slowdowns back in say 1998. before that 85, and 86. how did we recover? with lower interest rates, unfortunately -- >> they can't get lower. charles: thank you both very much. we have breaking news.
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greece searching for floor migrants, we know that 5 children have drowned, this is gone crazy over in europe. we'll fill you in had we come back. :
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. charles: breaking news, on friday, the department of justice will begin the process of releasing some 6112 federal inmates under the u.s. sentencing commissions. new sentencing retroactive guidelines for offenders. citing a law enforcement official, this will be the largest onetime release of federal inmates ever. jillian melchior is back as well as captain nash. a lot of people are appalled as we see more and more violent crime across this nation that the federal government would release 6,000 inmates? >> charles, a lot of the folks in there are in there for crimes they pleaded down from
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major crime to some minor things just so that they could get a conviction and unclog the court system. as the president said yesterday in a speech, he reference the unprecedented low level of crime, and the reason is because we're locking the bad people up. so if we let them out, the results are going to be fairly predictable. charles: yesterday, jillian, we had the funeral of the fourth new york city police officer who was killed, killed by a guy put in the program, who was released because he was considered a first-time drug user, pcp drug user, over 20 arrests, shot a teenager, to captain nash's point. this guy was dangerous any way you look at it, and this judge found one small loophole to let him go. i think we're going to see more of these people in the release program? >> i think so, too. i think this is very much in response to the tensions between police in the last year, and you know, you see
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concern about overcriminalization, concern about overincarceration, this is a political response and i'm definitely concerned there are good statistical basis in this. i'm not sure what the recidivism rate is. charles: i hear politicians now and i hear people who come from -- president obama thinks the first sitting president ever to visit a federal prison who talk about shorter sentences and things like, this it blows my mind because that doesn't get to the crux of the problem, like blaming the gun when someone murders someone with a gun and blaming the gun, i don't think this gets to the crux of the people being criminals in the first place. >> i agree with you. criminals are criminals, and what they do is criminal activity. it's not just a one and done kind of a thing, it's more of a lifestyle. when you lock these people up, the crime goes down tos as the president said unprecedented low levels. every time you take a single
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individual living a life of crime and put them away, you stop that series that would have gone forward. charles: and jillian, to your point, all we hear about is no other country in the world has as many people incarcerated as we are but people will close the doors, send kids to school and feel good. the bad guys are supposed to be in jail. charles: that's true. one of the other interesting facets of the story is looking at how many are released, not on the streets but deported, that is definitely an important aspect of prison reform considering how we can send people back to face law enforcement in their own country. charles: you know, to that point, this is the beginning, the tip of the iceberg, if i was going to let them go, let the american kids go before the foreigners, even if we are kicking them out of the country. final word to you, captain nash? >> i think the results of this are going to unfortunately cost innocent american their lives and property because we're letting people who are known
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offenders and took that step, they're coming back. charles: they are, i hate to say, that i agree with you 100%. lock your doors tonight. catch us every night 6:00 p.m. if you can't see the show, dvr it, you don't want to miss a minute of lou dobbs, he's right here. fox business. lou: good evening, everybody. i'm lou dobbs. much, if not most of the media analysis and assessment of last night's third republican presidential debate centers on heated criticism of the cnbc moderators and questioners. media critics and social media all a twitter today at the demeanor and performance of the questioners. here's an example of the abrasive tone and heavy handed rudeness of the evening. >> is this a comic book version of a presidential campaign? >> no, not a comic book, and

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