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tv   Risk and Reward With Deidre Bolton  FOX Business  May 10, 2016 5:00pm-6:01pm EDT

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is, anheuser-busch is owned by foreigners, in before, it is a -- inbev, it is foreign country. melissa: do you say i will get drunk on america? david: i kind of like that actually? that does it for us. "risk & reward" starts right now >> there have been reports that intermitt endly and outside of the formal p5-plus-one mechanisms the obama administration or members of it have conducted direct, secret bilateral talks with iran, is that true or false? >> with regard to the kind of thing you're talking about on a to government level? no. deirdre: fox news's james rosen says the white house flat-out lied to him. the sub -- subject, public u.s. and iran talks in 2014. this is "risk & reward." i'm deirdre bolton. rosen says the obama administration engaged in
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deception to sell the nuclear deal to u.s. lawmakers and five key countries. rosen says the obama administration removed eight minutes of video from a press conference to get it done. we'll bring you more details on that in just a moment. first breaking earnings news. disney missing quarterly profits and sales forecasts. it may shave 44 points off the dow tomorrow. lori rothman has the latest from the floor of the new york stock exchange. lori, disney had some hit movies. we were showing the new "star wars." "zootopia" was another one. not enough to move the needle overall, right? reporter: it did those movies and studio performance offset the performance this quarter somewhat, but to your point not enough to impress investors. talking about the happiest place on earth, this could be the saddest stock on wall street tomorrow. shares down 6% in the extended session that could mean decline of 44 point. that could translate off 44 points for the dow.
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dow was up 222 points. kind of a shame. let me break it down. you pointed out movies. continued success of "star wars." "zootopia," surprise hit. that was the good news. but the problem continues to be the cord cutters and media department. so you had espn and disney channel, wasn't even subscriber growth problems. subscriber growth was stagnant which isn't great but the fact this idea, it is almost like something you're expecting to happen. so subscribers and advertisers, advertisers that are now scaling back. ad growth is really weak among those cable holdings and overall media properties. so the other thing to listen to, investors wanted to hear more about the succession plan. tom staggs, chief operating officer surprisingly left. leaves a lot of questions who will succeed bob iger. a lot of questions for disney's future. studio strong. theme parks and resorts with tremendous performance.
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media holdings, real trouble spot for walt disney. back to you. deirdre: lori rothman, there on the floor of new york stock exchange. it may be a rough go, inddyingses are for disney tomorrow morning. we want to get you back to two versions of one video. in a 2013 press briefing a white house spokeswoman gave credence to the idea that the government lied about when nuclear talks began with iran. here is edited video. this is where rosen says a key piece of the briefing was taken out. you will see a white flash. that is in place of selected material. here it is. >> as you all are familiar with, whether it is their volumement in support of the regime in syria or humanitarian issues, and so that has not changed that. >> obama administration says we showed up because our economy is falling apart. i'm here to tell you that is the not case. we have our own reasons for coming. >> we'll take a close look at his comments. we'll have more to say about them once we do.
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deirdre: now we want to show you part of the video that was removed. from our sources, here is the original video with the controversial part included. >> james, i have no new information for you today on the timing of when there were any discussions with any iranian officials. >> let me try it one last way, jen. i appreciate your indulgence. >> sure. >> is it the policy of the state department where preservation of sigh cressey of secret negotiations is concerned, so lie in order to achieve that goal? >> james, i think there are times where diplomacy needs privacy in order to progress. this is a good example of that. deirdre: former reagan economic advisor art laffer is with me now. art, welcome, welcome. >> thank you, deirdre. deirdre: you served in the reagan white house as everybody knows. you've seen numerous administrations. is the obama administration different ethically in the way that it manages its
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communications or its image or both? >> you know i get the sense they are. if you will remember i was in the nixon white house from 1970 to 1972 where we had to complete deception and deceit with regard to the public at large vis-a-vis water gate and to lesser extent other issues as well. let me say this administration has been misleading especially in economics what is going on. i listened to president say it how well we've done on economy and he had the most wonderful recovery ever. that is just not true. we have the single worst recovery in u.s. history be it in output, be it employment, be it housing recovery, any of those things. it is just not true. you remember, deirdre, all the discussions that were taken vis-a-vis obamacare. that which would have lower costs, better coverage, better health, all of that. none of that is true. the costs are rising. coverage is diminishing. insurers are dropping the plan and states are hugely burdened
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by obamacare. none of that was told to us. any good economist worth his salt or worth his salt would know very well obamacare was just not good. deirdre: that's why i love having you, and i love talking about the employment numbers. we finally got a little bit more of an inddyings what is really going on friday. if you speak to people on the street, in smaller towns, a lot of them just say they have given up, right? >> that is exactly right. deirdre: labor participation rate lowest since the late '70s, early '80s, no one exempt for us sometimes talks about that. >> isn't it just sad? what they point to the unemployment rate has dropped. it is very true. all those people are no longer considered unemployed because they left the labor force. not because they found a job. we are losing 11, 12, 13 million people per year. if we had employment adult population we had under bill clinton. it is not republican-democrat thing, it is obama w thing, where we had the collapse, no
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one is willing to realize it, mention or try to correct it and especially bad, deirdre, if you look at the poor, minorities, the disenfranchised. these are people getting hammered, hammered. deirdre: worst than ever. >> they're proposing raising minimum wage so people if they get a job they would be paid a lot but they will never get that job. deirdre: for even a lot of so-called white-collar workers. they have not had a raise that kept pace at all. >> it is tragic. it is tragic. iran sounds like it is the same thing. email servers. just keeps going and going and going. thank you. deirdre: art laffer, thank you. >> wonderful, thank you. deirdre: as us, former senior economic advisor to president reagan. in another instance of potentially targeted editing, the white house accused censoring the french president by dropping his mic level when he said the term, islamist terrorism. this happened at a meeting in d.c.
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>> translator: the roots of terrorism -- [spiking french] -- [speaking french new york stock exchange. >> we note that daesh is losing. deirdre: senior advisor to president george w. bush, karl rove is here. carl welcome, what do you make of these edits? i want to be clear, the white house said there was just a technical difficulty, otherwise. they didn't actually he had it that piece. technical difficult and then did eventually put the entirety of those comments on line with a written transcript. but the first pass seems questionable to many. your take? >> well, i don't want to call them liars, so let's accept that
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it's ironic though because this is exactly what the administration will not say, the words that, that it will not pass lips of the president. deirdre: quite a time for the mic to drop, right? >> maybe it is just a coincidence but these coincidences seem to have a way happening with this administration. deirdre: seems indeed. i want to ask you, if you don't mind about something a little closer to home. senator cruz back on capitol hill the first time today sense he left the race. he spoke with reporters moments ago. here's that comment. >> listen, we have suspended the campaign. we have suspended campaign because i can see no viable path to victory. of course if that changed we would reconsider things. let's be clear, we won't win nebraska. there should be no mystery or excitement in that. we've suspended campaign. if circumstances change, we will
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always assess circumstances. deirdre: that sounds like open door. i could hop back in there, i don't foresee it but it could happen. is that how you heard it? >> i think he is saying in the week since end yana we've seen donald trump come this close to suggesting that he might renege on part of the nation's debt. and the question that t is raising if we have enough of this and conditions change and people decide they don't want this guy, i want to keep myself available. i will keep myself available until the convention meets on july 18th and they select the nominee on the 21st. deirdre: how do you see this as we talked about party unity? >> certainly doesn't add to it. look, donald trump says he doesn't need party unity but he does need party unity. look at three polls that came out today in battleground states, pennsylvania, ohio and florida where donald trump is in the game. if you look inside of those
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numbers because he basically done a better job of consolidating republicans than hillary clinton has done among democrats. he is sort of settled the primary. if he was doing this good when he basically dismisses the necessity to have party unity, what would it look like if he was consciously working towards party unity? and those numbers, her numbers are bad in those polls because she's got a bigger percentage of the democrats defecting than trump has of republicans defecting but that is abuse she is still in primary. what happens when she gets to the point of june 7th, contests are over, she has a lead and democrats begin doing what republicans are doing, that is saying, basically he is our nominee, let's get behind him? deirdre: karl, to your point on the democratic side, there is system of superdelegates which is different than on the republican side. what do you make of cruz, i'm going back to him, saying he will hold on to his delegates? marco rubio saying i don't want
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to be anybody's vp pick? there is going to be a lot of opinions up for grabs, right? >> yeah, look. both party's conventions are likely to have platform fights and potentially rules fight. the democrats will have a rules fight. i think bernie sanders will go after the house of lords of democratic party, so-called superdelegate. they're breaking 550 some odd for hillary to 39 for bernie. as i understand it, debbie wasserman-schultz has patrols out looking to sweep up those 39 and send them to reeducation camp in eastern oregon. deirdre: he has been beating the drum on that already. >> yeah. deirdre: i agree with you. it is coming, the fight is coming. >> we may have platform fights in both parties with bernie sanders asking for some sort of elizabeth warren-like attacks on wall street in democratic platform and republican platform fight may be over retaining things such as the life plank in it and other planks that are at variance with donald trump's views. so we're likely to have, even
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with these nomination battles being settled, republican battle now i think is settled, unless something really dramatic happens between now and july 18th. i think the democratic bat sell settled absence something like her losing the fbi primary. the house of lords effectively settled that contest but there will be some exciting conventions with fights in the back rooms over platforms and rules. deirdre: fbi primary is something i can run on a sports network, i don't know. we thank you you though. karl rove with me there. >> you bet. deirdre: thank you for your insights. fox business has full primary coverage this evening. lou dobbs and neil cavuto, west virginia, nebraska, we'll be reporting results as soon as they come in. it all starts 7:00 p.m. eastern time. well, green on your screens. dow closes up 200 points. the best day since march. on the s&p 500 all 10 industry groups came higher the energy,
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materials, industrials. after allegations that facebook is blocking conservative stories from its trending news feed, senate republicans are launching an inquiry into mark zuckerberg's newsgathering practices. we'll give you all the details. >> i hear fearful voices calling for building walls and distancing people they label as others. instead of building walls, we can help people build bridges.
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zuckerberg not hiding his political leans at a recent conference. now, the senate commerce committee launching an inquiry into his company. so at issue, blocking conservative stories from appearing in facebook's trending news feed. committee chairman, senator john thune, spoke with neil cavuto moments ago. >> a platform that professes to be neutral, protesting to use objective algorithm determining what those topics are and frankly 167 million users they have actually see in the form of news, that is what they're putting out there, that is what they ought to be doing. so it is a question of having them clarify what they, how they go about doing this if in fact what is their policy and if their policy has been breached, what they have done to correct that. deirdre: facebook denies any bias. author and editor of conservative black chick, crystal wright is with me now. hi, crystal.
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facebook employees using a company poll asking zuckerberg whether or not employees should prevent a president trump in 2017. the poll, we have to make it clear, not sponsored by management but employees essentially organized themselves to do this. what are your thoughts? >> do we really believe that in light of recent news or should i say non-conservative news comes out -- deirdre: sometimes it is about tone, right? >> well, facebook is poster-child for liberal bias and censorship. so i really doubt that mark zuckerberg didn't know that employees did this dumb trump poll? -- dump trump poll. funny that the speech you played moments ago, you have zuckerberg talking about wanting to build bridges and tear down walls. just not on his site for conservatives, right? just censorship, first amendment and free speech is good for liberals, terrorists and bad guys. deirdre: supposed to be free speech for everybody.
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>> it's not. deirdre: all about money. facebook employees donated more than $114,000 to hillary clinton this election cycle. hundred thousand to senator rubio before he dropped out. if you look at people voting with their checkbooks, there it is. >> hess employees are actually trying to manipulate the site as is zuckerberg to fit a political agenda. this is no surprise. i have no problem with facebook employees donating to whoever political candidate they want but it shouldn't be infiltrating the work place and how facebook is used by users. that is problem. deirdre: free speech, free thought. we're true believers. crystal wright, thank you. editor of conservative black chick. facebook by the way closing up today just over 1%, shy of all-time high. verizon communications bought aol close to $4.5 billion earlier this year.
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a bet on future of media, tech online video. aol ceo tim armstrong wants to grow aol's audience to two billion by 2020. jo ling kent got exclusive interview with him. what stood out in your conversation? reporter: in my exclusive with aol ceo tim armstrong at tech crunch. what does he think about facebook suppressing conservative leaning topics? >> i think it is unlikely facebook is tilting information for consumers. all of us have one word with consumers, that is trust. if consumers don't trust you, they will have us on the service. reporter: armstrong as a rule he stays out of editorial side to prevent political influence like the "huffington post." 2016 race generating a lot of money from media properties like aol. i asked armstrong what does he think about the presumptive republican nominee, donald trump. >> here is what i vote for.
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i vote for most contentious, most discussed, elong gated presidential process ever. >> you got it. >> with our media properties makes huge difference with amount of traffic and focus. there is a real decision to be made. there will be 10 million conversations and topics that come up between now and election, benefit for our business to. reporter: armstrong also commenting on verizon's reported bid for yahoo!, telling me if it right deal for right price they are in. he knows yahoo! ceo marissa mayer working together at google for about 10 years. he says making sure there is coherent strategy going forward. not just tell selling to sell is his advice to his old dear friend. deirdre. deirdre: jo ling, thank you very much. we'll speak you throughout the night. we're both part of tonight's primary coverage. meantime since jo is talking about verizon wireless. parent of aol up 1%. the stock is up 2 1/2% since it
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closed on four 1/2 billion dollars acquisition of aol last year. feds are threatening to pull state education funding from north carolina if the state does not let transgender people use the bathroom of choice. critics say kids are being used as bargaining chips. in other legal matters, there are new developments in hillary clinton's private email investigation. the state department says it can't find some of the emails from the person who set up hillary clinton's private server. the judge, with me next, he is going to tell me what he thinks of both instances. >> pagliano did not seem like he was qualified to be in the sensitive position he was put in at the i.t. department of the state department. and, you have to wonder why he was placed there. and now that we know that he was there to help in part mrs. clinton run her illicit fee -- email system, i think we have the answer.
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>> i'm being threatened by the federal government, transportation funds, housing funds, university funds. it's like big brother has all of a sudden descended upon our state in a very coordinated, political way. actually, what the attorney general -- what the national media's missing, this is no longer a mandate on north carolina. they are making bathroom rules for every employer in the united states of america with over 15 employees. trish: north carolina governor pat mccrory claiming the federal government is economically threatening his state. at issue, the controversial bathroom law that affects transgender users. with me now, fox news senior judicial analyst judge andrew napolitano. judge, great to see you. brass taxes here, can the --
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tacks here, can the feds withhold money because of the decision about the bathrooms? >> here's the federal government argument. when the federal government made offers of cash to north carolina -- and every state in the union takes cash from the feds -- it doesn't come without strings. and one of the strings to which north carolina agreed was it will comply with the federal civil rights laws. the civil rights law in question was written in 1964, and it prohibits discrimination based on sex. that's it, s-e-x. doesn't say sexual orientation, it doesn't say gender to the feds, sex in 1964 as interpreted to mean sexual orientation and gender identification. to governor mccrory that's not what it means, because every effort to amend the statute to include sexual orr generallation and gender identification, so if the judge will decide what the
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word sex means today, does it mean gender identification or not? trish: what do you make of the critics that say they're essentially making kids pawns in this? one of the instances is all about what happened in one particular school. >> i think the children are being used as pawns here. i see arguments on both sides. if you're a transgendered person, the government shouldn't tell you what bathroom to use. if you own a private business, the government shouldn't tell you what bathroom to build for your customers. private businesses should build bathrooms according to, in accordance with what the need of their clientele is, the government should accommodate everybody. do you know who has the best deal going? right here, fox news. we have private bathrooms. trish: it's a single. >> correct. that will solve all of this problem, but not everybody has the financial wherewithal to restructure -- trish: you're going to get some calls from some contractors, thank, judge. >> you've got to hand it to
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donald trump because i'm running for president, and all of a sudden i'm talking about bathrooms. listen, you're talking about tens of millions of dollars at stake in just north carolina alone. so it is a campaign issue. trish: it is a campaign issue. speaking of which, for hillary clinton her e-mails, a continuing campaign issue. so the state department says there are missing e-mails from the person who set up mrs. clinton's private e-mail server, brian pagliano. this, obviously, happened when she was secretary of state. here is a clip. >> is it the case that you have not found a single e-mail related to mr. pagliano's service while secretary clinton was here? >> so that's accurate, that we have located a pst from when his recent work with the department as a contractor but not -- those were from after when secretary clinton left the department. >> this woman, she looks like a lunatic. [laughter]
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trish: let's focus on really what's happening. pagliano, as you told us, got this immunity deal. he very quickly was granted immunity. but if e-mails were deleted, is that obstruction of justice? >> well, it would depend on who deleted them, when and why. but the same fbi with which he's working has managed to resurrect mrs. clinton's e-mails on the server from which she thought she had erased them. perhaps the fbi can do the same with the state department servers as well. but it is inconceivable that the i.t. person in charge of the internet usage for the secretary of state herself suddenly has lost all of his e-mails. obviously, something's gone awry here, and it's probably not mr. pagliano who caused this, it's probably caused by someone who wants to frustrate mr. pagliano's cooperation with the fbi. he is the principal witness
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against mrs. clinton, and he can provide evidence which is devastating like she paid him to commit the crime of migrating her secret e-mails from the secret -- state department server to her nonsecure, secret, personal/private server which we know was hacked. trish: all very cloak and dagger. judge, thank you. >> you're welcome. trish: as always, shedding light on what we need. judge andrew napolitano. speaking of energy, hillary clinton may face a consequence this evening because of her flip-flopping on the coal industry. obviously, central to the economy of west virginia. we're going to tell you how it could cost clinton in the primaries. >> we're going to put a lot of coal miners and coal companies out of business. i don't know how to explain it other than what i said was totally out of context from what i meant, because i have been talking about helping coal country for a very long time. ♪ ♪ the pursuit of healthier. it begins from the second we're born. because, healthier doesn't happen all by itself.
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trish: gas prices dropped earlier this year at the pump, chances are you are paying less than $2 a gallon. that was when crude was at its 12 month low of $30 a barrel or, but gas prices are back up, $3 a gallon in parts of california and elsewhere. oil prices back up as well to nearly $45 a barrel. average price for a gallon of gasoline across the country, $2.21 up from $2.04 a month ago. speaking of energy, west
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virginia polls closing in less than two hours. the coal industry central to that state's economy. fox business' adam shapiro is there in west virginia. so, adam, when you peek with people who are showing up -- speak with people who are showing up to vote, what are they telling you? >> reporter: it depends who you ask. some people will actually say it is time to move away from coal as the driving engine of economic growth in this part of the world. others will tell you that the obama administration regulations, that hillary clinton and bernie sanders have both vowed to continue, have sped up the demise of coal. and others will tell you that -- i have two people who want to put me out of work, clinton and sanders, and one who wants to help me get a job. that would be mr. trump, and you can guess what that man's going to be voting. so the bottom line is that among people in west virginia, especially the coal miners, i want you to take a look at this. between 2012 and 2014, employment fell by 19.6%. and that was up to 2014.
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it's fallen since then as well, so there are fewer coal miners. then take a look at what's happened to the industry as a whole, 92 mines shut down in 2014 and more in 2015, so that's a few less than actually exists now. that's what's going on in west virginia. and still, you had bernie sanders out in oakland today talking about the end of fossil fuels, essentially, and calling for a ban on fracking. he even said he's gained support in west virginia, of all places, and he still is committed to taking this all the way through california to the convention. he believes he can win. listen to bernie sanders. >> we have about 45.5% of the pledged delegates. those are the delegates actually selected and voted upon by the people rather than just the superdelegates of the establishment. we think we've got a shot to win in west virginia tonight. >> reporter: is so --ing so
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mr. sanders promising to keep going, hillary clinton promising to keep going. both have promised multibillion dollar packages to help people who have been hurt by the transition to other fuel sources, but it depends if you believe 30 billion or 41 billion can rectify the situation. back to you, deirdre. deirdre: adam shapiro in west virginia and, of course, we are focused on that state this evening. lou dobbs, neil ca suto, they're going to be bringing the results as soon as they come in. team effort, it all starts at 7 p.m. eastern time. quick look at disney. as we told you, the stock down in the afterhours session, second quarter earnings missing on both the top and the bottom line. concerns seem warranted about the effect of cord cutting especially on disney's espn business. on track, by the way, the stock is to shave off 44 points from the dow in tomorrow's session. well, exit poll data will be released in just a few minutes in west virginia, nebraska, the
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two primaries in contest this evening. we are going to tell you who has the early lead. ♪ ♪ >> we have the possibility, it is a steep hill to climb, and i acknowledge that, but we have the possibility of walking into the democratic convention with a majority of pledged delegates. [cheers and applause] ♪ i use what's already inside me to reach my goals. so i liked when my doctor told me i may reach my blood sugar and a1c goals by activating what's within me. with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises. i take it once a week, and it works 24/7. it comes in an easy-to-use pen and i may even lose a little weight.
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deirdre: u.s. indices all closing higher in the regular session, so gains if you look on your screens up across the board by 1%, the dow by 200 points. consumer-based stocks, particularly strong, in fact, many at record highs. mcdonald's, home depoe, johnson & johnson, also amazon.com. several food companies closed up as well, pepsi topping its own lifetime record. so one thing i wanted to point out especially with amazon is
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that amazon is actually taking on alphabet google in its youtube division. amazon is going to start paid-for videos. electronic arts, you see some of the video there on your screens from some of their most popular games earnings beating -- and you can see what they're doing afterhours. the stock is soaring. so quick review of what happened in the markets overall. we showed you the dow, the s&p 500 and the nasdaq all up across the board. a big part of that move higher was that oil closed up. you see it close to $45 a barrel now. we told you how that is affecting prices at the pump. it's going higher for most people across the country. and, of course, on that energy theme tonight's primaries key, especially in west virginia. polls are open there. we do have some early exit data to share. jo ling kent back with me now. jo, what are you seeing? >> reporter: well, the data is slowly flowing into us, and i want the show you what people
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care about in the nebraska republican primary. what are the top issues? the number one issue by a hair is government spending. a lot of people concerned about the economy which comes in at 29% followed by immigration and terror, basically tied at 18 and 21. this is, of course, a state where the economy and voting with the pocketbook is a very important issue, and we continue to see that theme throughout this long pri myrrh season. -- primary season. let's take a look at the republicans in west virginia as well. the top issues for them, by and large, 54%, all about the economy fold by government spending, 34%. again, this is in lockstep with the trends that we've seen throughout this race on both the republican and democratic side. immigration and terror, of course, also very big issues. now, we're also going to look at west virginia democrats as well. we're looking at the top issues for them. and yet again by a large margin, the majority of people care about the economy at 63 points followed by health care inequality -- income inequality
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and terror. so what we see here is this primary in both states very much about the economy, your pocketbook and possibly how you feel going ahead about how confident you feel about the economy and who can potentially carry that banner in november. back to you. deirdre: that makes all the sense in the world. jo ling kent, thank you very much. there is a new report that shows that the fight for a higher minimum wage may be one factor that contributes to robots taking human jobs. a chief executive on the cutting edge of innovation will join me next. ♪ ♪ ♪ ram trucks are reaching new heights when it comes to capability and efficiency. the ram heavy duty is the most capable full-sized pickup on the road today.
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deirdre: workers protested outside of a famous hedge fund office yesterday in chicago. now, some money managers on the inside have wondered out loud if they will be replaced by robots. my next guest says the american work force will look very different in just a few years. chief revenue officer justin stanex is with me now. great to see you. >> great to see you, deirdre. deirdre: robotics are changing everything about manufacturing, but you're saying there's a revolution coming to white collar jobs as well, right? >> that's true. actually, really all jobs. the future will be comprised largely of what we call brilliant machines and, you know, this is a term general electric uses as well. these are machines that are the convergence of four things; advanced computer software, artificial intelligence and robotics. and the fourth application is an
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automated microscope. both are fully autonomous, and what makes them that way is this convergence. deirdre: so, in other words, a scientist doesn't need to be there looking at an exact film, whatever's on the slide whether it's blood or something else, essentially there's a chip that's reading the material. >> right. there's software that's reading the material, and often times the material actually is a microchip. what we're doing and, frankly, all this automation is doing is not replacing the workers, it's setting the worksers free. it's kind of like the internet gave us cognitive surplus, an abundance of human cognitive ability, the day has more hours in it because it's no longer absorbed by doing rote tasks. deirdre: what does this mean for people who say i can't do anything else? i am good at construction, so if a robot does my construction job, it's not like i'm going to turn into a programmer overnight. >> well, that's true, and they
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don't need to become a computer programmer or anything else. for the foreseeable future, over this will happen rapidly, world economic forum estimates that five million jobs will be automated out of existence by 2020. the best combination is humans and robots or humans and artificial intelligence. deirdre: so we shouldn't fear the machine. i feel like we're writing a screenplay as we go. >> yeah, don't fear the machine. these things have a way of working themselves out. when the industrial revolution happened, everybody was panicked that there would be nothing for anybody to do. we're good at finding ways to fill our time. deirdre: but to your point, this is going to be a huge -- i mean, we talk about the industrial revolution as a talking point, and you're saying this is going to be just as big if not bigger. >> yeah, i'd be -- the fourth industrial revolution, and it will also allow manufacturing to come back to the united states. we hear a lot about losing jobs to china. well, china is losing jobs but not to other countries, to machines. so, you know, the costs become around logistics and the machine, the equipment, it makes
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a lot of sense to move it back to the united states. but kind of to your earlier point, it's not just these manufacturing jobs, it is also white collar jobs, finance and i.t. managers, these are some of the low-hanging fruit, let alone once we get into more technical things like medicine, for example. deirdre: a look at the future. thank you very much, justin, from nanotronix. presumptive republican presidential nominee donald trump says london's new mayor is an exception to trump's suggestion that all muslims should be barred from entering the u.s. the london mayor has some choice words for trump. more after this. >> donald j. trump is calling for a total and complete shutdown of muslims entering the united states until our country's representatives -- [cheers and applause] can figure out what the hell is going on. [cheers and applause] ♪ ♪ every day you read headlines about businesses being hacked
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and intellectual property being stolen. that is cyber-crime. and it affects each and every one of us. microsoft created the digital crimes unit to fight cyber-crime. we use the microsoft cloud to visualize information so we can track down the criminals. when it comes to the cloud, trust and security are paramount. we're building what we learn back into the cloud to make people and organizations safer.
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>> the honorable member has appeared on a platform with him 9 times. this man supports i.s. i think they are shouting down this point because they don't want to harper the truth. deirdre: british prime minister, david cameron, says london's new mayor is friends with an imam tied to is rr. donald trump said he would make an exception for the mayor of london.
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but he tweeted this, trump's view of islam could make both our countries less safe. it risks alienating mainstream muslims. deirdre: what do you make of the london elect mayor's comments or donald trump. >> donald trump is concerned about security in our country. and unfortunately we don't have a good tell jones apparatus. that's what you do, to find the proper information before people come into your country. we have to defend our borders and defend our people,
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regardless of political incorrectness and so on. deirdre: you are facing illegal immigration every day from mexico. and you said it's clear this could be a strategy tore people who would do harm to u.s. citizens to use that opening to cause harm here. >> you know, forget -- don't forget the drug traffic. everybody forgets the drug traffic. we have to also be alert to terrorism. look what happened in perris, california. is he going to have a temporary ban until we can get this solution settled, that's okay. deirdre: sheriff joe arpaio joining me from arizona. speaking of donald trump tune in
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to our election coverage tonight 7:00 p.m. eastern time, that's when it all starts. two states hosting primaries. my colleague charles payne is here. "making money" starts now. charles: the dow having the best day in a couple months. energy and financial shares led the way. but after the close, disney bombed. voting underway in west virginia and nebraska. all eyes are on west virginia as hillary tries to work around the negative comments against coal miners. although they don't officially have it locked up, there is

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