tv Making Money With Charles Payne FOX Business May 13, 2016 6:00pm-7:01pm EDT
just go a few days to recharge your batteries. there is nothing wrong with that. >> when i got them back, there you go, family again. deirdre: glad you are here. thank you for joining us. charles: donald trump pushing back against jeff bezos, amazon and "the washington post." but is threatening anti-trust going too far. also mark cuban for vp? he take a political stand at the salt conference offering a way to win the general elect. retail sales surged but retail stocks crashing. what is the true state of the economy and how will it decide the next resident of the white
house. is it too little too late to sway voters for tougher immigration? donald trump does take aim at jeff bezos and amazon. >> amazon is getting away with murder taxwise. he's using "the washington post" so the politicians don't tax am zont way it should be taxed. he's worried about me. he thick i would go after hip for anti-tru. he has a huge anti-trust problem because he's controlling so much. charles: that was donald trump slamming amazon founder jeff bezos on n -- on monopoly concen because they don't pay taxes in about 8 states.
also critics have admonished the obama administration's war on business. but would a president trump go after businesses also? steve moore has been working with donald trump on his tax policy. i understand why donald trump has animosity toward jeff bezos. he has "the washington post." when you start talking about going after amazon or even intimating it, is that crossing the line at all in your mind? >> if he's talking about bringing anti-trust vie layings, yes, it is. jeff bezos has a huge megaphone with respect to "the washington post." he can slam donald trump every single day editorially and go after him on his news page.
i thought we had campaign limits, right? the way jeff bezos has figured out the way around the campaign fin limit is to buy a newspaper. then you have got the media and there are no limitations. charles: i think i'll buy the uniontown alabama journal to get my voice out there. we saw the retail stocks got hammered this week. amazon is eating everyone's lunch. is it time to start rethinking tax policy? and how much should any administration go after any successful american business? >> it should go after successful american biz if it uses it market power to squeez smaller competitors on the basis of its bargaining leverage. it comes to remind that amazon is doing that with regard to small retailers because of the great rates it can get on
shipping. it's making it difficult for a lot of them to day on the web. my feeling is donald trump didn't say he would go after them. he said they may have anti-trust issues. i think they have anti-trust issues also. this administration has been willing to stop menners but it hasn't been willing to back down on the abuse of power by the cable companies or amazon. it's getting address which with our democratic contributors. charles: i'm not a big fan of anti-trust legislation. i think the market eventually figure those kind of things. i even courage everyone to look up the story of a & p supermarket. but having said that, you are a trump supporters and you are a wall street guy. does this language make you
comfortable as an investor? >> i followed what he said. we'll take a look to make sure there is no unfair practices. on the tax issues. look how google has profited. we know how in bed with obama eric smith and google are. charles: i think a position capitalists have normally taken. let's beat down a country for being ultra successful because ma and a aren't competing? capitalists always came to the defense of the successful companies. >> if some company i not playing by the rule, you shouldn't break them up. i aguy with you 100% on -- i agree with you 100% on that menner.
but bezos is getting a benefit he shouldn't be getting. because he's a liberal, we have to stop that. >> even reagan broke up bell and gave smaller companies a chance to compete. charles: they almost all ended up remerging anyway. he time i have seen this anti-trust stuff, i would rather have the marketplace do it. >> mr. trump has been very consistent about this. as a new york city blue blood who does understand big business and how it works, he knows where the cheating is. when you look at psyche of the american people, they want somebody who will sniff that stuff out and he can pose it and figure it. it's just making it fair. charles: do you think amazon is cheating? >> they are not going to voluntarily pay taxes because no one does that including donald trump.
>> it's not about cheating. it's whether they are getting an unfair advantage by the obama administration. so it's cheating on both side. >> but you are not sure if that's happening yet. >> the thing is -- the issue here is whether they have political influence because they used "the washington post," either they on it and the fact they contribute to democrats to get treatment other companies wouldn't get or considering other companies wouldn't get. i think under anti-trust rules we have and the absence of tax legislation, a case can be made that the obama administration is giving a wink and a nod to amazon. >> there is no doubt they are using "the washington post" as a tool. steve, you wanted to chime in on this. >> anti-trust has been a failed policy for 100 years. why should a company be punished because it's successful.
if they have a better distribution man than the smaller companies, that's called free market. the obama administration is bringing anti-trust litigation against google as it come feet against foreign companies. [all talk at once]. charles: i think they are competing within the rules. if we want to change the rules, it's a didn't thing. it's unfair but that's the way it goes. i saw your name couple in an article and it's a big news item. apparently one of the trump -- donald trump's spokesperson said donald trump will not alter his relationship mall tax proposal. and there has been a lot of confusion about this, who is
going to get tax breaks and how it will work out. you and larry cudwell have been helping him work this out. >> x provided advice to virtually all the republican candidate as the race went along. there are ways to improve the plan by tweaking it. he's cutting those rates substantially. we tried to show hip when we met with him, here are ways you can improve it. i think he likes a lot of the idea when he met with them. so we'll see what happens with this. but we are not talking about main revisions in the plan. it will cut the individual rate and the corporate rate. charles: all the candidates have
strong pro growth tax cuts and tax ideas. the pushback against these idea is even as the supply cider, you have got to admit there will be is a point where taxes can be too low. do we get more debt and does another $10 trillion in debt justify it? >> if you look at the history of this country, it's been there before. and that's how the economy was stimulated under reagan and otherwise. now, the proposal is revenue neutral. that's important to remember. it's not to add any amount to the debt. >> i have seen it scored where trillions of dollars are added to the debt. >> he single time we start talking about tax cuts, you hear all the liberals in an uproar about how this is going to cost money. tax cuts don't cost money. >> that's very important.
we get to keep that money, we get to save money and invest money. with the people scoring this tax plan, they are considering the growth it will stimulate. american business is overadvantaged. it's overtaxed compared to its competitors abroad. the growth we'll get will pay for this tax cut like it did for reagan in the end. charles: you know we are in trouble when cuba has a cheaper tax rate. >> and sweden, too. charles: facebook they are under pressure. there are reports several of their employees regularly suppressed conservative news. mark zuckerberg says he's willing to meet with conservatives. they have perhaps the biggest megaphone in the world. tweet me your thoughts. cv payne. ♪ in new york state, we believe tomorrow starts today.
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charles: there are reports facebook purposely suppressed conservative opinions. mark zuckerberg took to the site to sheet all down. he said we found no evidence this report is true. if you find any evidence that are against our principles we'll take steps to address it. gillian, you wrote a piece in the "new york post." you are saying facebook is far more sinister. >> i think they have done some things that are concerning. they did one experiment i guess you could call it where just putting the i voted button on a
facebook page could boost voter turnout. charles: did they do it for a particular party? >> i don't think government should get involved. particularly with media. we look at the experiment we had with the fairness doctrine. equal airway for opposing viewpoints. that ended up suppressing free speech. charles: there are a lot of liberals if they could get back in office would like to have the fairness doctrine return. facebook is so large and powerful, how do you fight back if they are suppressing conservative thought? >> i find it hard to believe. we haven't changed much of it, it's just what the issues are like. facebook has worked with the german government to suppress
views against the syrian refugees. i find it hard to believe. you see a lot more liberal posts are trending than conservative posts. i don't believe mark zuker berg paints's a public traded company. maybe it will have to be done with the fcc. charles: mark zuckerberg is something of an equal opportunity donor. there is $100 million to cory booker. silicon valley wants more power. they want the power wall street has. they want more immigrants and more trade, everything against the gop platform. how are we to believe he's not using these resources to attempt this goals. >> we have to be realistic about that.
facebook did not deny mark zuckerberg did not deny that they had editorial power and they can interject whatever is trending with whatever they want to like with black lives matter posts. it's thal doer rhythms are trending. he never denied that. so i think when we think about facebook, especially the millennials, it's all based on algorithms and it's organic and fair. that's not true. they are a news site with editorial judgment and we need to judge them based on that. charles: is there some sort of obligation they have? this also comes up with social media with respect to terrorism. what is their obligation because they are so big, and so many people skirt a news site.
>> i'm not sure they have scene obligation to do it. they can run their business as they see fit. they are giving it impressions to the public they are impersonal. that this is objective al gore rhythms and they are having news crew ray tores share news trends. the new york daily news, left leaning. msnbc, left leaning. charles: the only thing we can do is not use facebook? >> a social media alternative. charles: this week a lot of stocks, a lot of companies that run afoul of conservative principles, stocks are getting hammered. maybe just a coincidence. we'll see. vice president cuban. dallas mavericks owner. he says you can do some good base has secret weapon how to
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charles: you know the trump campaign very well. what do you think? should the democrats go for an additional -- they were talking about this guy from texas, the hud guy, or should they try to do something outrageous to get into the news cycle? >> it doesn't matter. it's a complete package. you have somebody who is measured and smart, and someone who is brash and go on the attack. hillary clinton is neither. she is not measured. >> hillary has never won. she's a failed candidate. charles: the quinnipiac polls donald trump kills her on the economy but she beat him in all of the states when she said who is the smartest. america's want a warrior anyway.
they are not look for a brainiac. coming up, a bombshell report on the clinton foundation. this one. it gives $2 million to a private company. guess what, it's against the law to be given money by a close friend. we'll discuss it when we come back. ing. but i only had a salad. ing. it was a buffalo chicken salad. salad. this just got interesting. so why pause to take a pill?
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charles: the clinton controversies continue. there is a new report that the clinton foundation gave $200 million to a company owned by a flame friend. and there are concerns that she used a phone line in her home. on the right we -- there is a lot of talk with benghazi, emails, and there is more and more stiff coming out with the clinton foundation. i'm not sure if it's touching her yet. but at some point won't this have a severe impact on hillary's chances for the white house? >> this controversy is a bit of a stretch. the money didn't pass hand. it didn't leave the clinton
global initiative and go to the person they are talking about. i think dumping this on a friday and trying to paint this as an issue -- charles: what about the $100 million that has gone into the clinton foundation from some -- let's call it some suspicious countries or countries that have values that don't match ours. countries that treat women like crap. she has taken money from countries that treat women even worse than that. >> the most important thing about this election is focusing on issues young people care the most about. and that's not where the issues are right now. it's jobs and the economy and student loan debt. charles: you are one of the founders of rock the boat. lee carter, you measure voter's sentiment. how people feel. usually this is the gut reaction. this is ultimately what moves people.
all these things you mentioned, we think about that, but it's often an emotional action. >> it's very emotional. the issue is the issues that matter most now are jobs. the economy, national security. what matters a lot to people is trustworthiness. we are spending a lot of time talking about likability of candidate. trustworthiness is hillary's number one issue. this kind of stuff just keeps getting her numbers lower and lower. and that will be a big issue come november. charles: the quinnipiac poll, each of the three swing states, hillary clinton had higher unfavorable numbers than donald trump. whether this news comeut on a friday, a monday or tuesday, it keep coming out. >> it's a slow drip and it's playing into the hand of donald
trump. americans want someone they can trust. you have hillary clinton's emails revealing that she actually helped someone get a job at the treasury department who was a fundraiser for her. this doesn't settle well. i don't care how old you are. the clintons have a big huge for sale sign and it's playing into the hand of the campaign. charles: what are people saying on the beltway? >> our investigative team dug up this money coming from the middle east. "the washington post" put 0 reporters on donald trump. they have broken the news that donald trump is a self-supporter. i know rock the vote won't say anything mean about a democrat. but dealing with institutionalized sex savory. if they want to break some news they ought to dig bakken all the
corruption -- they ought to dig back into all the corruption that dates back with the clinton foundation. charles: the copout saying we already know her when to christopher's point we keep getting more and more news that's unsavory. >> i don't think there is any short and of reporter following the candidate right now. charles: from an investigative journalist standpoint. not the paparazzi. they are going to put one of the best reporters in american history. should they do the same for all the candidates? >> this is an opportunity to vet the candidates. charles: the economy now of course will be a big issue. and it's sending mixed signals ahead of next month's fed meeting. we know interest rates, maybe they will go up and maybe they will go down.
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be were outflows of $13.4 billion. $3 billion in fund. all total the past five weeks saw more than $50 billion in equity outflows. i think people are foolishly telling themselves this market is reacting to good news. consumer confidence numbers came out with better than expected. but am i right? peter, you did tell me last night you felt pretty good about this economy. and the data out today backed you up, yet the market still fell completely apart. what's going on. >> yesterday we talked about the fact maci' was down and nordstrom's was down. the market hasn't gotten used to the fact large retailers are good indicators of consumer spending. retail sales rocketed last month, even though things were down at macy's.
they are spending it at amazon and restaurants. we are going to have a much better second square and a better third quarter than we did a first square. and sooner or later the profits will catch up, the market will catch up and we'll be happy if we stayed in. charles: i looked at the retail sales report. the internet sector was the best one by far. that's why you see sam done where it is. having said that. if our economy goes to where people don't go to work, how can it benefit the economy? and what is your overall assessment of where this economy is? >> there are mixed signals. peter mentioned what's good about the economy. but i want to point out thing that have me troubled. one of the reasons retail sales are good is because we saw the big drop in oil prices. and that meant people saved money at the gas pump.
a lot of that money got spent at restaurants and clicking for things they wanted on amazon and whenever it was, the internet company. here is what troubles me about the economy. it's deadly that businesses are not investing. we have 60s months of negative growth in business investment, and i think that's the best forward-looking indicator. i'm not as bullish as you are over the next six months. we went from 2% growth down to 1% growth. at best i see it crawling back to 2%. charles: kelly, i want to ask about the political ramifications of this. the market is going up, and there is job creation. we learned how to celebrate mediocrity in this country be is that enough to get hillary clinton into the white house? >> it could be.
but there is reason to worry about the consumer sentiment and retail numbers. if you look at what people are buying. they are investing in their house, buying out motives. gasoline prices are down. but if you look at the average mom that goes into macy's and wants to buy a pair of heels and a barty dress for the heck of it, they are not. the extravagant purchases are not happening. the consumer savings rate is 5.4%. that's higher than it was a year ago. this indicates people are not as optimistic about their future as maybe they think they are when they look at gasoline prices. they want to save and maybe they are unsure. charles: in this report gas prices have gone up, too. i want to give you the last word on this.
what gives you pause about the economy? >> i have some pause about investment spending. but one of the things i know about investment spending is we need less capital to grow. look how little capital founded google. i think we are going through you a fundamental structural adjustment what the signs are going forward with growth. charles: this is huge breaking news coming across right now. berkshire hat hat aware's warren buffet, they are going to buy yahoo's assets. yahoo put itself up for sale. warren buffet always buys the old stuff. yahoo? this is huge news. also coming up. the political correctness of universities is harming students to a certain degree. we have two american billionaires warning the consequences of being too
politically correct will be abysmal for all of us. >> colleges always exposed students to challenging and uncomfortable ideas. fact that to university boards and administrations now bowf to pressure groups and shield students from these ideas through safe spaces, code words, and trigger warnings is in my view a terrible mistake. ♪ in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives,
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rock the vote, you were the president of, you weren't the for under. where do you come down on this? this would be the outgrowth of efforts of rock the vote. >> i would say this an important topic, colleges should be a place where there is free speech and young people can hear from a wide variety of people. but it's important not to conflate with free speech. charles: is writing donald trump in chalk hate speech? >> i think if donald trump did it while saying some of the things he said. charles: but otherwise it's not. >> what is the points of free speech fit doesn't extend to hate speech. if it's not something people can take objection to, what's the points of it. >> i agree with free speech. >> where do you draw the line. >> subjecting students in the middle of their commencement
address to hate speech would be one. charles: we are not talking about that. we are talking about a brother issue. a day-to-day thing where you say subject students to it. isn't that why you go to college. >> that suggest suggests 18-yeas know everything they need to know and they shouldn't be subjected to any outside thought. indiana state was the first one to say any ideas open, we should have some conversations and you can judge for yourself what's acceptable and not acceptable. >> it's inhibiting them from when they go out in the world to come face to face -- especially if you move to new york city. you are going to get your feeling hurt a lot especially on the streets every day. when you shine the light on
hateful, bad ideas, people reject them outright. but when you have ideas and speech that is shoved under the rug and put underground, it becomes extreme and they become very dangerous. charles: harvard's same-sex clubs, they say is attacking feminism. >> we have seen examples of this safe space culture being a crackdown on ideas. black conservative ended up, the college of virginia tech disinvited him after a lot of pressure, they had to reinvite him. charles: activists in arms after a federal appeals court decided to not release the 28-page
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what's in your wallet? . charles: a judge permitting a lawsuit against the cia that the cia abducted, severely tortured and later released a man because he posed no threat to the u.s. can be attributed to 2014 report which detail the cia's supposed torture techniques as the u.s. finding a new wave of deportation rates, they'll include mothers and their children, that's going to start next month. want to talk about both of the topics for mike baker, former cia operative who joins me now. mike, in the court rejecting the effort to release the, quote, torture report, people upset, particularly republicans, who don't think the entire story was told properly? >> that's correct, and thank you for having me o, charles,
you caught me in l.a. without a clean shirt and tie. charles: you always have the hip look. >> people refer to me like that, the hip phrase, that never happens. i don't want to revisit the torture report the fact it took over five years and millions of dollars to be put together by a very partisan group of staffers up on the hill who had a preconceived notion about what they wanted to right and failed to interview anybody directly involved in the program. i don't want to resist that. you are correct that the aclu which brought the effort to release the full report, they're going to look at their options, i don't think they're going to settle for the unanimous decision by the d.c. court which is nobody's idea of a conservative republican holdout, and they just verified what was a previous lower court decision, that the full report,
the 6,000 pages is produced by senate intel committee and doesn't come under the foya commands. charles: what about the narrative when the report was released that interrogation techniques like waterboarding simply don't work? a lot of pushback on that but now this is the official american narrative? >> well, it is, and in part because the left, look, i give them credit, they captured this interrogation, they took this easy to take moral high ground. i don't know how it feels up there, must get chilly for them, but take that place in the world that they exist in, and, you know, they said either you're talking or everything is torture. this is a very emotive discussion, but the reality is there exists in between chatting with the detainee and frankly over 90% of what we did with detainees did just that, talking, developing relationships, but in between
that and what we can all agree would be torture, there are enhanced techniques, such as sleep deprivation in a controlled environment. yes, even the waterboarding. charles: mike, i want to ask you -- >> things put aside by 2009. charles: do those things work, in your opinion, do those things work. >> in those enhanced techniques, when used in a controlled and judicious environment, can have benefits. here's the thing, even if you don't use those techniques, when you get your hands on a high-value detainee a target, and you bring them in, if they don't know what's coming down the pike, you've won. you got them on their back foot. they're not sure. that's the point of interrogation facility, once you tell them what you can and can't do which is what we did in 2009 when president obama came in, they have no reason to open their yap. charles: this has come up with
the current election, mike, have a great weekend, appreciate you coming on. >> thank you, charles. charles: salute to the american success, watermelon water, founded in 2013, they make secondary waters, cold-pressed juice, take a look. now lou dobbs. lou: good evening, everybody, i'm lou dobbs. support for donald trump continues to build, more money, more endorsements, more members of congress, joining up with the presumptive republican presidential nominee, and the candidate they expect to prevail in november. a new trump super pac says it's on track to raise 20 million dollars by july. influential mega donor sheldon adelson officially endorsed trump, telling other republicans to do the same, and especially elected officials. adelson at the same time implicitly telling them to shell out more than a few bucks as well. and today on capitol hill, a