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tv   Cavuto Coast to Coast  FOX Business  June 23, 2016 12:00pm-2:01pm EDT

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clear reminder of why is so important for the supreme court to have a full bench. for more than 40 years there has been an average of two month between nomination and hearing. i nominated judge merrick garland to the supreme court three months ago but most republican so far refuse even to meet with him. they are allowing partisan politics to jeopardize something as fundamental as the integrity of the justice system and america should not let it stand. this is an election year and during election years politicians tend to use the immigration issue to scare people with words like amnesty and hope that it will whip up volions of us, myself included go back generations in this country with ancestors putting in painstaking effort to become citizens. we don't like the notion that
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anyone might get a free pass to american citizenship but here's the thing. millions of people who have come forward and worked to get right with the law under this policy have been living here for years too. in some cases even decades so leaving the broken system the way it is is not a solution. in fact that is the real amnesty, pretending we can support 11 million people or build a wall without spending tens of billions of dollars of taxpayer money is abetting what is really factually incorrect. if it is not going to work it is not good for this country. it is a fantasy that offers nothing to help the middle class and demeans our tradition of being a nation of laws and a nation of immigrants. in the end it is my firm belief that immigration is not something to fear. we don't have to wall ourselves
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off from those who may not look like us or pray like we do or have a different last name, because being an american is about something more than that. what makes us american is our shared commitment to an idea that all of us are created equal and all of us have a chance to make of our lives what we will. every study shows whether it was the irish, the germans, the italians, the chinese, japanese, the mexicans, who ever showed up over time, by second-generation or third-generation those kids are americans, they do look like us because we don't look one way. we don't all have the same last names but we all share a creed, we all share a commitment to the values that founded this nation. that is who we are.
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and that is what i believe most americans recognize so here is the bottom line. we have a very real choice that america faces right now. we will influence existing programs in place, we won't be able to move forward with expanded programs we wanted to move forward on because the supreme court was not able to issue a ruling at this stage, and now we have a choice about who we are going to be of the country, what we want to teach our kids and how we want to be represented in congress and the white house. we have to make a decision about whether we are a people who tolerate the hypocrisy of a system where the workers who pick out fruits or make our beds never have the chance to get right with the law or whether we are going to give them a chance
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just like our forebears had a chance to give their kids a better future. whether people who accept the cruelty of ripping children from parents arms or whether we value families and keep them together for the sake of all our families. we have to decide whether we are going to continue to educate the world's brightest students in high school and university only to then send them away to compete against us or whether we encourage them to stay and create new jobs and new businesses right here in the united states. these are the questions voters are going to have to ask themselves and have to answer later. these are the issues that will be debated by candidates across the country, congressional candidates, presidential candidates and in november americans have to make a decision about what we care about and who we are.
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i promise you this. sooner or later, immigration reform will get done, congress is not going to be able to ignore america forever, it is not a matter of if, it is a matter of when. i can say that with confidence because we have seen our history, we get these spasms of politics around immigration and fear mongering. and our traditions and history, and better impulses. that is how we ended up here. everyone of us has somebody in our background people didn't want coming here and yet here we are and that is what is going to happen this time. do we do it in a smart, rational, sensible way, or we just keep on kicking the can
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down the road? i believe this country deserves an immigration policy that reflects the goodness of the american people and i think we are going to get that. and hopefully we will get that in november. i will take two questions. go ahead. >> realistically, what do you see as the risk of deportation for 4 million people? we can't deport 11 million, 4 million, or -- >> let me be very clear. what was unaffected by today's ruling or lack of a ruling is the enforcement of priorities we put in place and our enforcement priorities could have been laid out by secretary jay johnson, department of homeland security, we prioritize gang bangers,
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criminals, we prioritize folks who have just come in. what we don't do is prioritize people who have been here a long time, who are otherwise law-abiding, have roots and connections in their communities, so those enforcement priorities will continue. the work we have done with the dream act kids, those policies remain in place, what this has prevented us from doing is the scope of what we have done with the dream act kids. even that was just a temporary measure. allah was doing was saying to these kids you can have confidence that you are not going to be deported but it does not resolve your ultimate status. that will require congressional action. although i am disappointed by the lack of decision today by the supreme court's, a deadlock,
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this does not substantially change the status quo. it doesn't negate what has always been the case which is if we are really going to solve this problem effectively we have got to have congress passed a law. i have pushed to the limits of my executive authority. we now have to have congress act and hopefully we are going to have a vigorous debate during this election. that is how democracy is supposed to work, there will be a determination as to which direction we go in. over the long-term i am very confident about the direction this country will go in because we have seen this in the past. if we haven't seen it in the past america would look different than it looks today. whether we are going to get this
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done now, soon, so that this does not continue to be this divisive force in our politics and we can get down to the business of all pulling together to create jobs, educate our kids, protect ourselves from external threats and do the things we need to do to ensure a better future for the next generation is going to be determined in part by how voters turn out and who to vote for in november. >> two practical going forward questions. is this -- are you going to be able to do anything more at all for immigrants going forward in terms of executive action before the election? and to you in any way take this
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as some republicans have presented this as a blast at your use of executive authority, this tied vote? will this in any way circumscribe how aggressively or forcefully you use executive authority and the remainder of your time in office? >> okay. on the specifics of immigration i don't anticipate there are additional executive actions we can take. we can implement what we have already put in place that is not affected by this decision. we have to follow now what has been ruled on in the fifth circuit because the supreme court could not resolve the issue and we are going to have to abide by that ruling until an
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election and a confirmation of a ninth justice of the supreme court so they can break this tie. we have always said we are going to do what we can lawfully to executive action. we can't go beyond at. and we have butted up about this as far as we can on this particular topic. it does not have any impact from our perspective on the host of other issues we are working on because each one of these issues had a different analysis and is based on different statutes or different interpretations of our authority so for example on climate change, that is based on the clean air act and the epa and previous supreme court rulings as opposed to prosecutorial discretion that in
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the past every other president has exercised. the supreme court wasn't definitive one way or the other on this. the problem is we don't have a ninth justice so that will continue to be a problem. with respect to the republicans i think what it tells you is if you keep on blocking judges from getting on the bench than courts can't issue decisions. what that means is you are going to have the status quo frozen and we are not going to make progress on some very important issues. that may have been their strategy from the start but it is not a sustainable strategy and it is certainly a strategy that will be broken by this election. unless their basic theory as we will never confirm judges again. hopefully that is not their theory because that is not how our democracy is designed. it was a 1 quart opinion that that we can come up with a
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decision. i think that is a little bit of a stretch. maybe the next time, if we have a full court issuing a full opinion on anything, then we take it seriously. this, we have to abide by, but it wasn't any kind of value statement or decision on the merits of these issues. thank you, guys. charles: president obama in a press conference hastily called after a stinking defeat for him, a decision by the supreme court on his amnesty plan that effectively makes it knowledge void but the battle just beginning. this is "cavuto coast to coast" -- wynn, he had plans to bring in 4 million or more votes to keep illegals from being deported, up to 4 million of them. the president says the supreme court move takes us further from
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the country we aspire to be. blake berman here with the latest. >> 4:4 tie a major loss for president obama on this one, on immigration executive action. two policies struck down with this one ruling, the lower court ruling. simply put the president's executive action now on hold which shield 5 million illegal immigrants from deportation and make them eligible for work permits including a couple different groups, those brought to this country as children along with the undocumented undocumented parents of us citizens. reaction all across the spectrum as you might imagine, republican saying this was executive overreach and that was the statement from house speaker paul ryan a little while ago he says the constitution is clear, the president is not permitted to write laws, only congress is.
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this is another major victory in our fight to restore the separation of powers. on the democratic side hillary clinton put out a statement and tried to move this toward the implication of 2016, the assumptive democratic nominee writing today after that decision the supreme court is unacceptable and shows us all just how high the stakes are in this election. he goes on to say this decision is a stark reminder of the harm donald trump would do to our families and communities and our country. the main highlight from the president, lack of a ruling. the president not willing to take this is a final decision just yet. before thank you very much. president obama not making any distinction if you listen between immigration and illegal immigration. many states were involved including arizona, one of the states the joined in his amnesty suit. the attorney general is here with his reaction. numfour-numfour tie. there was an surprise
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particularly earlier, a big victory for the administration when it came to affirmative-action. what is your assessment of the ruling and where do we go from here? >> upholding the rule of law and separation of powers is such a fundamental principle that i am very happy with today's decision that the fifth circuit injunction is upheld, the four justices were willing to basically say the president connected the king or act unilaterally and rewrite immigration laws. that is troubling and that is why this election is so important. i agree with the president, he is not an emperor, not a king, cannot unilaterally rewrite the law but the selection matters. charles: he cannot rewrite the laws but he can control how they are implemented because he says more than once essentially what they are going to do is all the
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people affected by this ruling shouldn't worry about being deported, the focus by the administration would be to his words on criminals, gangbangers and new arrivals. doesn't that make the immigration problem even worse? get in here illegally because once you do we will keep trying to make it legal one way or the other. >> i'm a former federal prosecutor, no one understands this better than i do not only is former federal prosecutor but someone with product immigration. the reason my family fled communism and folks i know left their countries was because the united states is about the rule of law. the law means something. no person is above the law, no person can unilaterally write the law. we may be frustrated with congress, washington dc is a place where a lot of good ideas
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go to die. we are frustrated immigration policy isn't moving in the direction some of us once but that doesn't mean the president gets to unilaterally rewrite the law. as far as his prosecutorial discretion i understand that. what the president tried to do here was more than prosecutorial discretion. he tried to grant legal status to millions of people in the country and that is something different than deciding priorities as to who will or won't be prosecuted or who will or won't be deported. what he tried to do is create a whole new class of legal immigrants. of the one we talked, you mentioned the law, the rule of law and your background as an immigrant which coincides with the overall majority of americans. some people impacted by this have been in this country for
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many yearsas children. should there ever be a consideration for a statute of limitations? they broke the law coming here illegally but a lot of laws are broken you have a certain amount of time that you can be punished for them. did that kind of thinking, could that kind of thinking ofere applied to people who have been here 10 years or more lawfully not breaking laws and if they do indeed think they are americans like the president said in every respect expect on paper should there be consideration there? >> i'm not a policymaker. i am a prosecutor and my job is to enforce the law. my relatives, my mother, they left countries where one person got to unilaterally change the law however they wanted. that is not what america is about so i do think congress needs to get its act together, sit down and create a comprehensive system where people can get out of the shadows was one problem with the president's action is once there is a new president they can unilaterally keep changing these laws. the issues they may be immigration but you may have a president in the future you may
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not like the unilaterally rewrite our tax code. charles: he hinted there will be executive action on climate change and other things. appreciate it. has president obama's immigration plan was blocked we have more warnings about refugees. >> no idea who these people are. >> no idea who is in our country. look at the people, this could be one of the great trojan horses of all time. >> hundreds of recent immigrants and their children have been convicted of terrorist activity inside the united states. before new data shows donald trump may be on to something. we didn't forget the rally, the market up big time, betting that the price will go their way is a big gambit. we will discuss it when we come back and. closing the stage
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charles: the high court dealing a serious blow with his amnesty plan. he gave a press conference referring to the people in this program is being law-abiding but warnings and fears over refugees coming to this country and having real intentions being backed up, new data from congress shows hundreds of terror plots that have been stopped were involved with refugees. let's go to heath manning, political analyst, tell us more about data. i have a feeling we will not hearing a lot of news outlets. >> my first response is commendation for law enforcement and intelligence officials who
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have prevented 580 terrorist plots, many involving people who are foreign-born, 380 of those people convicted of terrorist plots are foreign-born and 40 of the people involved are here under refugee status so it lends credibility to those of us who have been skeptical of the screening process and politically would benefit donald trump who has been skeptical of that process all along asking the united states to pause influx of refugees in syria. charles: having said that, when someone goes into this and tries to nuance it a little more, these refugees, we know they are from countries of islamic origin or war-torn countries, does it get that specific? it is a pretty shocking number. >> exactly. the countries we are talking about where the foreign-born individuals who have been convicted of involvement in terrorist plots at the top of the list countries like pakistan, lebanon, palestinian state so it is a different set of immigrants in some ways from
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immigrants who might be affected by today's willing from the supreme court the majority of latino immigrants. that gets lost in the conversation politically about immigration, illegal immigration and refugees but many voters see a lot of these issues as being connected. the issue of whether we are willing to put our national security and national interest, national domestic economic interest ahead of being a country we all believe should be inviting to many people of the world as long as we are safe and continues to prosper. charles: isis has made it known they would love to embed their embers among these refugees and we need better transparency. we keep hearing 18 to 24 month long but we don't know anything about the process the administration is using. a really appreciate it. it is a big day, we have been waiting for this so long. the brexit vote is finally here. will they stay or will they go? the big news is maybe the
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bettors are moving this market. we want to go to market, jared leavy and andrew roberts, the lowdown on this. mister roberts, looks like you are in the heart of london. we keep hearing two things, anecdotally every time we go to someone in london they say people want to get out. nevertheless polls have been very tight and the professional bettors are saying remain is going to win big. what is your thought? >> surprising considering the latest poll was 52 in and 48 out. hardly a massive majority here. very interesting the bettors and the market should be so pro remain. charles: a week or so ago the murder of joe cox put a pause on the campaigning and it seems to me might have shifted the tide a
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little bit because of that point, the leave campaign had a tremendous amount of moment them in their favor. what do you think they will make the decider? what tips the scale one way or the other? >> i think that is true. the murder of joe cox stopped the momentum in the leave campaign but the last couple days it seems to have started again. it will be interesting to see whether or not that finally does prove to be a big moment. it shouldn't. the fact she was murdered by a lunatic neo-nazi with nothing to do with the brexit campaign but that is an important aspect. charles: the markets up big, looks like they would love to break out, key resistance points, oil starting to rebound. is the market being premature or trying to get a jump on the pessimism out there? >> the no vote was mostly priced
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in, like 90% priced in. in other words there is probably a little left over rally we could see on the no vote which i believe is probable but i looked at 24 booking sites the represent tens of thousands of people around that area and the no wager, you get paid $.30 a dollar for the bet, the brexit, you get paid $3. there won't be much discrepancy if the race is that close. i believe it will be a no vote. i believe we will rally tomorrow at if there is a surprise i think it probably 5% to 10% potential meltdown in the market if we were to get a brexit surprise. something to think about, nothing set in stone. i am leaning towards the no but anything is possible. charles: back to mister roberts, finally your position, what do
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you think the vote should be? let's just say it is to leave. we know it is a referendum. there is a two your window. could be used as a ploy, not a poor but a negotiating tool to go back and perhaps rejoin the eu but under better circumstances? >> no. that is not what it is at all. that has happened in the past with ireland but the british are a much larger economy than both of them. if they get out which i hope they will and to regain sovereignty and take control of our borders once again that will be the end of it. charles: thank you, really appreciate it. big news out of the supreme court, we have the fallout, donald trump could be a big winner on one of the rulings. there are two billion people
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charles: let's take a look at it and all dow spots. only once by: greg d. at a tough right for them. the rest of the market up all over the brexit situation. a special report on how you can make money, in my opinion on 11. go to my website for the breakdown. in the meantime, back to our top story. president obama just moments ago. >> leaving the system the way it is, that is not a solution.
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and fact, that is to read amnesty, pretending we can deport 11 million people or build a wall without spending tens of millions of dollars of taxpayer money is upsetting. what is really just factually incorrect. charles: charlie kirk, i know that you spent a lot of time on college campuses dealing with very young millennial who were sort of at the heart of this ruling. president obama talked about the dream act. he also talked about trying to encourage young people to come out of the shadows if you will. what do you think about the ruling? what do you think about his tone and the notion that at some point we should address this. >> yeah, it should be addressed. president obama violated the law and the courts ruled rather decisively. president obama says that wasn't a 5-or majority decision. as a precedent and law that says
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that they split but it goes down to the appellate court ruling and they ruled rather decisively on it. president obama violated the law. if you have such a clear and convincing case you should be able to commit the american people through congress to pass what he calls comprehensive immigration reform. do your point about what young people feel, whether or not young people think there should be some amnesty, that's the word he says is really scaring people. law is law. president obama has been put back three, four, five, 10 stats because he goes back to the appellate court decision and has been put in its place. charles: been missing those certainly would've voted against president obama. >> without a doubt. charles: capri, president obama seizing political aspects on this following nancy pelosi saying this is the reason we've got to win the election. we've got and transient congress, a do-nothing congress
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that doesn't care. a horse he kind of dropped in here and there with racial overtones about how america looks now versus then. you know, and all of that was aimed atelected base. >> there's no question now that the presidential election on the democratic side is solidified hillary clinton's client for the nomination president obama has made it clear he's going to inject himself in the presidential election. certainly some of the comments were politically charged. there is no question that elections matter. if people showed up in 2014 and actually voted. charles: when i'm trying to say more aesthetically as president obama is hinting that immigration, america has been part of immigration and particularly wider immigration feels like he was hinting that now that it's coming from other places, the people who are protestant immigrants cut it
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off. is that what you saw or not? i think he is certain the reflect in a sentiment out there in the united states that there is this feeling that the face of immigration has changed in the new face of immigration is threatening the old way of life in the united states. back to making america great again. it is this kind of theme. at the end of the day, the rhetoric is not important. what is important as making sure we do comprehensive immigration reform in congress. we are in gridlock due to gerrymandering of partisanship and we need to get smart and we need to grow up and get things done in washington. charles: kirk, a quick rebuttal. >> yes, look, the courts now have ruled that him allowing 4 million illegal immigrants to say unconstitutionally.
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let's act on that immediately. comprehensive immigration reform, the whole issue would not rest that democrats would've gone along with george w. bush immigration plan that would have helped build a stronger border or build a wall if you want to say it that way. and the 4 million, five, six to 79 individuals to democrat don't want to fix immigration. they support building the wall. charles: this will not go away despite president obama. the s&p warning that he appreciates -- british and that would mean a downgrade. charlie is in london. what's the latest? >> well, i will tell you this. this is pretty much expect it in the market that both rating agencies when you do some thing somewhat radical like this, like britain leaving the european union known as brexit, britain asked, britain act that would lead to stability and they would
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weigh in and say it's a possible downgrade. i will say this for long-term, for average people, voters, remember who was giving you this message. s&p has gotten every single crisis wrong from orange county to new york city bankruptcy to the mortgage crisis and the financial crisis. they have the worst record in the world. just take it for what it's worth. s&p says it's a really bad thing. remember where it's coming on. it does reflect and this is the interesting thing on the eve of this though. the vote will be tonight between 2:00 in 3:00 our time london time. earlier your time. reflect an establishment view shows you why there's an uphill battle. you have the financial establishment, political establishment, both labour and conservatives. dummies in the media who wouldn't know i've gone from a bologna sandwich and you have endless hayek for the remaining
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side from the mainstream media, particularly bbc. brexit is back up against the wall. if this is close, it would be a miracle given how much establishment pressure as you hear from us in the biz against brexit. charles: charlie gasparino, thanks a lot. the company was never heard of stocks are surging. a new ipo. does that mean the new ipo market is back? we will talk more market coming out. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next.
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>> donald trump has plenty of liquidity and you know, nothing to worry about. he has made a very significant contribution to his campaign gave $50 million loan is being forgiven as a contribution to the campaign and he has said he will continue to make a significant contribution to the campaign. >> fox business exclusive yesterday. there is no cash crunch or a scraping of the barrel when it comes to donald trump's bank account. i asked a firm of goldman sachs banker and clinton donor how he plans to catch up to clinton's $42 billion fortress. he wouldn't give me a tally for june fundraising come he did reveal after trump about an e-mail yesterday which said he would match up to 2 million in donations, 3 million cable and. we are talking 5 million in a very short amount of time.
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that you can see a liz "cavuto: coast-to-coast" coming right back.
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charles: big surprise supreme court ruling mixing president obama's amnesty plans to jackie kucinich. both parties obviously automatically between this ruling and a ruling on affirmative action probably went straight to the base inside we got to win in november.
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i really think we'll hear about this almost as much as terrorism and the economy going forward. >> all about the supreme court. several vacant is for the next president to fill in addition to the one currently in doping. that is going to be the case made by hillary clinton and donald trump. you heard it being made by paul ryan today when he did his weekly press conference. he says this could change the supreme court for a generation and the next president. that's what you hear when you're talking about recent rulings. that is going to be hammered over and over again across the summer and fall. charles: it is one of those topics where you can get the base riled up, but beyond that, it is more difficult to connect the dot to the average person out there and get them out there and put it though, isn't it? >> that is very true. it's more for the politically engaged if you will. it is a turnout in when it comes to a general election.
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it will be a motivator for people to get their base out. it becomes about the independents, but also very much who is the most energized going into the election. frankly hillary clinton has had a big problem with that during the primary. we will have to see if she can kind of get with her supporters that the issue as they might donald trump has been able to. charles: looks like she tried to jump on the topic yesterday. she leaned in a couple of times. bernie sanders was the one who had the upper hand on this. she's going to need his help and president obama to make this a big issue. we know it is a big issue appeared before that you go, that affirmative action ruling, does that speak to the fact that if there was an overarching tilt now, could we say this has become a liberal supreme court are more liberal supreme court and one that could be overwhelmingly liberal that we see a whole lot of things that
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conservatives consider rocksolid foundations of our nation going in? >> i don't think anyone would call the supreme court liberal, particularly now that we have a split. we'll have to see what the next president does or if by some miracle merritt island get through the confirmation process. charles: thank you very much. appreciate it. if twila does well, what we see other ipos than a lot of what's been put on the shelf come out this year. 67% gain. ♪ ♪ it's here, but it's going by fast.
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charles: breaking news on volkswagen. jeff flock has the details. >> no confirmation from vw corporate on this. it does appear they have reached an agreement that would provide for a $10 billion to settle the
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lawsuits against them filed in san francisco and the federal court san francisco around those so-called clean diesels that actually for the government testing. here's what we believe the $10 billion would go for. direct payouts to diesel owners between one and $7000 for detailed good potential buybacks as well as a fun established by the federal government for cleanup of all of the pollution caused by the diesels which remain on the road and continuing to pollute. we will probably not get confirmation until tuesday of next week when the settlement is scheduled to go before the judge in tampa and disco is due to be approved. vwlaw billion last year. 10 billion, not pretty for vw. charles: sounds like it's going to be the automotive version of british petroleum.
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thank you very much. appreciate it. charles: goodness in the technology sector. officially ending the ipo drought, risk and reward deirdre bolton is here. is this goodness for the other ipos? >> everyone is watching. this is really the first unicorn. you and i talk about that all the time. a private tech company worth a billion dollars or more to go public this year. as you said, it has been those bars. a lot of them saying i don't really want to file the paperwork. i get enough money from private investors. i don't need to go public. he wants to go public. it wants to raise its profile and also doing a lot of bigger deals with a lot of other tech companies. for example, many people may not know twilio itself. software would essentially allow
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you in the driver to exchange text messages without them having your number. what is the plumbing behind a lot of other silicon valley companies. you start by saying is this good news? for twilio in the price offering was moved up to $15 a share. that is higher than what most analysts think of. charles: the debut was not bad either. they will underprice it. there is enough anxiety out there. we don't want to go public. another things they were afraid to go public. that is existed this year as well. >> we've really seen the markets take a big hit in the beginning of this year, like the worst start to a year in decade. oddly enough there is a lot of people in silicon valley watching the brexit though. we have all the round-the-clock coverage. your point about market volatility not quite clear how that is going to go, how that will affect the market. it is true that if people adjust
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to a lot of moving parts. charles: i think we've heard about some of these unicorns. some of them their evaluations are starting to come down a little bit taking different tacks it to raise money. the spigots aren't as open as they were evaluations have gone through the roof. >> very true. what the average investor doesn't realize is eve are a bank we are not in the private tech market, if you have a pension fund, you are because they have made these investments in these private companies and exactly as you just said, they've had been overly optimistic about where this company could come to market and at what price. that is why people are so focused on twilio because it does have a business model. is that it's not profitable.
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even when it goes public, we are not profitable now, the two are the companies and contract in the pipeline. charles: before i let you go, real quick, the tech market looks like they need new leadership, some fresh bodies if you will. now the apples of the world outside of facebook, maybe amazon, you feel like there's got to be some fresh techniques to reignite the whole space. >> everybody coul use a little cash injection. something i am lucky not in reference to apple, for example, where apple is trying to services. maybe they haven't created a gadget that you and i want to buy tomorrow, but they are trying to addict has more with their services. ge believe it or not, ge ventures is back in a whole most loyal of companies. some of the other companies are doing it. they are just doing it through investment. charles: the stock market looking for one of these names
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with my coattails. maybe twilio. thanks a lot. the u.k. about going on. investors obviously very optimistic. this whole thing is razor tight. we will be right back to discuss it. is the market being too presumptive?
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standing to go stay in the e.u. there's a big question whether investors get ahead of them tells you more on that in just a moment. but first, amnesty block. the battle just beginning. it's not over by a longshot. by the way, this is "cavuto: coast-to-coast." i am charles payne and for neil cavuto. upholding a block on president obama's amnesty plan. let's just say that president obama isn't very happy. let's go to peter barnes at the white house with the rulings and reaction.
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>> preventing deportation to tie between the justices left in place a lower court to block the so-called deferred action program for undocumented immigrants who are parents of u.s. citizens or green card holders. >> for more than two decades now, everybody acknowledges it's been broken. they weren't able to issue a decision today. it takes us further from the country we aspire to be. >> the president also of course criticize republicans in the senate are not acting on his nominee for the ninth spot on the supreme court to replace justice scalia. merrick garland fan because the court is not operating with nine justices, the touche nullity of
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his deferred action plan remains unsettled to the president says this is by the voters themselves and whoever they pick as the next president and whoever that person he or she picks as their supreme court nominee. but then congress could also decide to legislate a solution. charles: thank you very much. will reshape the entire presidential race. for many years to come, did he think it favors. >> what underscores is the world by which the president has done repeatedly. he put up the list of 11 possible replacement and acknowledged even by those who opposed him. that is one of what you might
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say trumps trump card is what's going to happen with the court. this will go up to 2040 or beyond. charles: president obama hammer to the other side that this is important to bad because these are the kind of rulings that they are going to have to be upheld. i understand that hillary has put out a blaze. the mainstream voter out there walking around probably don't know one person on the donald trump list either. what side is going to articulate this in a sense that this is why it's so important because it does get a little bit mundane for your political persons out there. >> it energizes the base the political party. they get the big issues out here. you have a chance to go after independence and democrats. in terms of the thing itself, the decision in another self,
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those things that hillary clinton were corrupt. people then start to connect the dots. something is wrong here. charles: outside of the rule of law, paul bryant spoke about this. he talked about the constitutional aspects. by the way, the congress, particularly the republicans are almost to blame because they've never stood up. you get a tyrant get more and more power. but having said that, what about the immigration aspect. it does have to be dealt with at some point. do you think ultimately there will be a compromise on a path to citizenship similar to the things president obama tried to force through her of course he took a shot at donald trump. will he just deport everyone and have deport everyone and have a
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fast have a fast-track wave coming in and order the fickle fashion? >> you're not going to get anything done this year. ultimately next year. you will not have massive deportation. what you'll see is well not have citizenship but legality is part of a package. that could be very well part of it. part of the legality is if you have an embassy or conflict in this country, that is considered sovereign territory of a state like mexico, even if they settle for trump and that is considered sovereign territory. what you'll see is the mechanism is these illegals will go to a consulate, will register and eventually be given over several years the legality if they meet certain tests on criminality paying taxes and fines in that kind of thing. that will be part of the package. heart of the package is that the democrats don't like them that his guestworker programs where you need them in agriculture. charles: bottomline come a huge
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victory for this thing we call the constitution. >> it's like an antique document, like heart of the supreme court. charles: thanks a lot, steve. weighing in on u.k. borders, former state department official christian life since the british defend the u.s.a. message today. we talk about the parallels, but none probably louder than patrolling our borders in the voters saying they want to control their borders. >> there has long been discontent in the u.k. by people upset sovereignty from london, parliament to brussels with massive amount of regulation. 70% of the regulations come from brussels. what really brought the issue to the floor this year was uncontrolled muslim immigration. what they've seen across europe, the attacks they've seen in the fear that would come to the u.k. desire to regain sovereignty and control of immigration policy is putting politics over there as well.
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the mac doesn't u.k. have a serious issue but germany or other nations? >> not as bad. the numbers haven't been as big. angela merkel really rolling out the red carpet for immigrants not only in the civil war, but as an excuse from elsewhere in the middle east. just by virtue of having a channel and some ability to restrain the float, britain has had a little less of this, although it has taken large numbers of muslims including turkey over the years. it is the fear that things could get as bad as they are in germany and the scandinavian states. charles: what we are looking up for what i understand, younger people right now they been heavily towards day in part because they like the idea of easy access, easy travel. are there any sort of compromises in case we do get a remain, will debut will to do
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anything to sort of control sovereignty, the borders at all were the only way to give average and over the next two years either rewrite the rules with brussels are really do leave. >> young people trend toward being more on the left side of the spectrum. there has been a broad campaign not just by left-wing politicians in the u.k., but also the mainstream of the incumbent tory party who want to leave and who have staged a valiant campaign produced. i don't think there's a lot of hope. frankly that means britain continues its trend towards europe away from exceptionalism. he continues the long run trend of british decline in on exceptionalism and britain becomes more and more eclipsed as the premier u.s. allied becomes one of many and perhaps that's fitting us america turns more towards the pacific aviation century.
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charles: speaking of the nation century, some people think the british believe this could sort of watered-down security measures in place. not sure how much it would impact nato, but they do believe this would embolden a putin's russia and shift power at a faster pace away from europe to other countries like china and russia. >> the opponents of brexit, the people who want to remain tried to conflate the e.u. and nato. written can pull out and nato will be just fine. britain will have more the identity of its own and look to cooperate with english-speaking people around the world and others that share its interest. this is largely a scare attack it. britain would be more of a partner globally. charles: hopefully 24 hours right now. tanks a lot. the dow jones industrial average off the highs of the day. still enjoying a triple digit gain. the optimism there that the u.k. stays in the e.u. doesn't upset
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the apple cart. adam shapiro live in berlin about the here and abroad. reporter: of course in the ears largest watching very closely. the chancellor here in germany at a press conference earlier today in berlin. this is a quote from the press conference. she doesn't come right out and say exactly how she thinks citizens of the u.k. should go. she did say of course we wish for a decision which will obviously be taken by the british citizen in which britain remains part of the european union. there has been much stronger words for different members of her cabinet. the finance minister was the one who said britain cannot have its cake essentially and eat it too. then you look at what markets are expecting here in germany. the german stock index is trading up very strong today.
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it would tell you investors believe there will be a vote to remain by the english. trade between germany and england is key. they expect that showed the brexit vote win, they you would say roughly half a percent decline in gdp in germany. there is a lot at stake. the french have said and not so many words that they want to see england remain in for several reasons it as you hear from europeans and french there needs to be in economy and political party -- political body that can keep check on the german and english like the french to keep the germans. it is kind of triangulating. they are keeping an eye on it. we've been speaking to different people. a lot of people from the u.k. who keep hearing people say my heart is in leave, but my brain says stay. one woman we spoke to actually said that. charles: thank you for a much, adam shapiro.
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will we see the end of the u.s.a. know it? the former imf official says that the british leave, others will follow. i always think of the old, you know, the old movies that i would have on a cheap suit and the whole thing would fall apart. is the u.k. potentially a threat to the e.u. once they are out the whole thing collapses? >> it won't immediately collapse, but certainly that is what we've got in the rest of europe is rather strong anti-europe feeling if you look at places like italy or france. what they'll do is they'll see the british example and they'll be demanding referendums of their road so that in time this whole project could unravel if britain were to leave. charles: so we are talking about the e.u., going back to the treaty in rome, european community eventually based on
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the notion that together they have more economic might. where does that leave the euro? ultimately we are talking every country. but as more get out, the less effective the whole thing is. that lead to the demise of the euro swap? >> absolutely. that is the threat right now that what we have had is many years, not eight years of really very poor economic performance. a lot of countries feel that they stuck within the euro straitjacket that doesn't allow them to have their own monetary or exchange rate policy. what they've had is very high levels of unemployment in particularly high levels of youth unemploymen is now spinning the populist wave across these countries. we are probably talking about the euro has been under threat. it's not something that would occur immediate need. it would occur within the space of a year or two.
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charles: i've watched this euro skepticism over the last half-dozen years exposed to the point where brohm elected a eurosceptic and their first woman mayor. what about the notion that these countries that the setup is have some responsibility towards policies that actually trigger growth. you can't pay people for 10 months of work for 12 months to work. you can't let people retire at 50 because they were hairdresser working with hairspray. what about the notion that there is no magic elixir here. it seems to me they've gone from one false promise to another. >> well, they do have to get fiscal discipline. they do have to control their budgets. that is far easier to do outside of the euro than it is in the euro. what we've seen the past eight years is countries like greece and portugal and spain and italy trying what they find the dead
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because it leads to a deepening in their recessions. said the notion of getting out of europe, getting out of the euro is really in transit because then you can do the budget adjustment and have a cheap currency that will promote export that would be an offset to the fiscal tightening peer charles: well, i don't know. we see in a race to the bottom with respect to current phaseout of the world. the ij you can print up a whole lot of money and have economic growth at the same time hasn't worked for one of the former world's greatest economies and i don't need to work for for greece, portugal or spain. i appreciate having you on. >> it has worked for the u.k. the u.k. had its cake and was allowed to eat it by having access to the single market and not being part of the euro. charles: although london is a lot different than atkins.
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thank you so much. really appreciate it. >> my pleasure. charles: fox business will bring you my vessels throughout the evening. lou dobbs will take you at 7:00. trish regan will come on at 9:00. stuart varney at 11:00, cheryl casone at 1:00. we have got you covered wall-to-wall. "fbn:am" starting at 4:00 a.m. no one cares about you like we do. if you don't care about the results of the u.k., trish regan has results next. her take and exactly what is at stake. this is your daughter. and she just got this. ooh boy. but, you've got hum. so you can set this. and if she drives like this, you can tell her to drive more like this. because you'll get this. you can even set boundaries for so if she should be here, but
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charles: trish regan is because right now. why is this so important? why should our viewers care? why care? why are we doing wall-to-wall coverage? >> people keep talking about the concern of the near-term pain the markets would have. the other thing we need to keep in mind is the implications, charles, for national security for europe and for us. the geopolitical situation, you think about europe and you think about vladimir putin and a weak euro, a lot of people feel is just not good. it is not good for us because a weak euro brings then vulnerable. and it's harder for them to fight prices. they haven't done themselves any behaviors. a million refugees that culturally do not get along with europeans. obviously there are serious concerns about icc and its
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refugee populations. i understand and sympathize with visio that they need to pull together. they need to rally together to be strong, to thwart off any threat out there. this situation makes it harder for them to do. charles: he brought up nato. he's not the first person. there already questions about how effective it has been in the past. certainly i don't know that anybody would want to hang their hat on nato will be there. >> the whole e.u. experiment and it really has been such an experiment that i would say at this point has been a total failure that they never went all the way. you cannot possibly have this economic union without really having a political union in my view. you need someone to be out there collecting taxes. you need some kind of centralized power that is going
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to set a political tone. you can understand they are saying i don't want them telling me what to do. we are english. we don't need brussels telling us what to do. they need an alexander hamilton. unless they get alexander hamilton fast, i don't see this really survive the next couple decades. charles: even if there is a remain vote in the next 24 hours, you think it touches failed experiment it's doomed. >> not to be too pessimistic, but unless they find someone that can help unite all of these policies and cultures and people that speak different languages and have a different view on politics and the economy, they are going to have a really hard time. charles: do you think that's possible? one of the big problems now is you have aircraft in brussels to attempt to be what you are saying and that angers people
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even more. but is it possible that there could be the central europe that does this when there's so much self-interest out there. another thing. if i'm in england i don't know if i want to keep yelling out grease. i don't know if i want to berra portugal. >> new york has a sizable gdp compared to the rest of the united states. there are certain obligations we are forced to take on them we pay higher taxes or hats than other states. but there is a transfer of wealth. if you're in britain you don't want to transfer wealth to greece. if you're in germany, you are like how is that fair that this guy gets to work less. i don't know if they can get over that. here is what i say. if islamic terrorism continues to be the threat that we have seen it to be, that may be the one thing that unites all europeans than they say okay, we need to be stronger together. charles: trish regan, we'll see you at 2:00 and 9:00.
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breaking news for you right now. los angeles finds that led zeppelin did not spelt out and showed dashed steel that intro. it has been dated for some time. it sounded just alike to me. i can't believe they won this one. anyway, led zeppelin, no copyright infringement there. coming up, amnesty plan blocked. texas governor greg abbott on the border battle is only just beginning.
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>> the reason why my family fled communism and why some of the folks that i know left their countries was because the united states is about the rule of law, the law means something. the president, no person, is above the law and no person can unilaterally write the law. charles: lawmakers weighing in on the supreme court's decision to block the white house's immigration plan. wyoming republican senator john
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barrasso joins me from capitol hill. senator, thanks for joining. >> thanks, charles. charles: paul ryan. he talked about the constitutional aspects of this. the separations of power. i think everyone applauds the rule of law and what happened today. but the issue of itself is not going to go away. it does underscore the importance of november's election, doesn't it? >> well it really does. look, today's ruling in the supreme court, it was a stinging defeat for the president but this has been a string of defeats for a president who believes he is above the law. we've seen it with the waters of united states. we've seen it with his clean power plan. we saw it yesterday with the federal judge ruling that the president's fracking rule that affects how we produce energy in this country was illegal. and yet the white house chief of staff not too long ago said as they go out of office they will go with audacious executive actions. it is time for the president to follow the law.
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not continue to push it, stretch, it, ultimately break it. the court es see what the president is doing and they're acting within the right way. charles: there are courts we go to adjudicate our misunderstanding and then there is the court of public opinion which president sort of made overtures today with his hastily put together reaction to this. i don't know if you saw the president and heard what he had to say. he talked about november being important for democrats and others talked about fairness, all the elements part of his administration, social justice, reright writing wrongs of yesteryear, making america a fair place for everyone. what do you make of that, the court of public opinion, how this may play out? >> this election, 2016 is so consequential, charles. it is not just one supreme court just 'tis with scalia. there are likely additional supreme court openings occurring with the next president making
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those nominations to the united states senate. so this consequential election is about all three branches of government. the presidency, the congress, which is going to be determined as well, as the supreme court. i think it is that much more important we get this right in november around elect a conservative president who will do the right thing in terms of pointing people to the supreme court who will follow the law, not rewrite the law. charles: i do want to say though i think, in addition to this, sir, a lot of people are already saying maybe this will be a wake-up call to congress. with all due respect republicans in congress to put up more of a fight because it is one thing to have imperialistic president, you more congress cedes control or doesn't push back, the more tyranny you will see from the the executive branch. do you have any thoughts about that? >> i think people all around the country and all your viewers, know, charles, had we buckled
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under the president and held hearings and gone through with the appointment of president's nominee to the supreme court this ruling would have gone the other way. so it is very clear today that republicans and unity, and being in majority in the united states senate made a fundamental difference the way that court ruled today. if a democrat appointee would have been there i think the ruling would have gone the other way. if there is any argument why it is important to keep republican party in charge of the united states senate in the majority, with its role of advice and consent on supreme court justices this ruling today i think is very consequential. charles: just coming over the wires, the democrats ended their sit-in over gun control. want your thoughts on the whole thing. i mean it is a bizarre episode the last 24 hours. >> i think it was a bizarre episode. it was really in my opinion outr than actually to deal with the problems of terrorism that face
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our country. that is the threat that we face from isis, from self-radicalized terrorists who want to kill us. the president won't even call them radical islamists. you know that tells you that he is not really focused on the enemy, on isis, on those people who are trying to kill us and send people here as terrorists to the united states, but also to radicalize people who are u.s. citizens, through the internet and other means to take the fight to the american people. so i think the president has really been absent in the need to fight the real enemy and is distracting with this focus that he is trying to go to. charles: i agree 1000%. i think democrats who may have had some momentum after orlando overplayed their hand with this one. senator barrasso. thank you very much. >> thanks for having me, charles. charles: amnesty plan, nixed. republican texas governor greg abbott with me on that and other things. this battle is just now heating
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♪ charles: a los angeles jury has just decided the band led zeppelin, did not steal the opening to its classic, "stairway to heaven." the lawsuit said led zeppelin had history of ripping off works by other songwriters.
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a federal jury said not in this case. congratulations. congratulations to the supreme court blocking president obama's plans to keep illegals here in this country on fox business first, we bring in texas governor, greg abbott. governor, congratulations. >> thank you, charles. great to be back with you again. charles: great to have you back because this was such a critical, there has been a lot of executive overreach with president obama but i think probably was the most critical issue. what has been resolv though? i know initially there was injunction that the fifth circuit upheld and apparently got a split supreme court. has the constitutionality of these executive orders been resolved, or have we just pushed it back into the queue? >> in general it has been resolved certainly for the fifth circuit by the supreme court not overturning what the fifth circuit decided. it is largely resolved. whoever the next president will be they have to deal with the contours of this particular ruling.
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they should not do what president obama did, that is to act like a king, act like an emperor to rewrite the laws assigned to congress. for your viewers to put this in context, charles, remember this, this lawsuit that i filed in my waning days as attorney general of texas. it was my 31st lawsuit against the obama administration before i became governor of texas. we articulated exactly what the problem was. what this administration has done turn the constitution on its head and administration begun writing laws of this country because it is dissatisfied with what congress has done. charles: what i want to ask now, we know that the rule of law has been upheld. the constitution, another victory, for that, and but the battle in of itself, what to do with the 11 million or so illegals that are here, particularly ones here for long period of time, that have been law-abiding, actually work. some of them may pay taxes what do you think that goes? how is that ultimately resolved
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abuse no state face this is more than your state does? >> we do face it profoundly but importantly what happened today is a step in the direction of deciding the answer to the question you just asked because before today the obama administration believed it could answer the question on its own. instead what the supreme court concluded with the fifth circuit is, that it is congress that decides that issue, not the executive branch. so the ball goes back into congress's court and congress gets to decide how to write immigration laws that deal with the challenge. it can not be done by executive fiat by the obama administration. charles: that much is clear although in his press conference and since then members of his administration indicated they may not try to reattempt on this particular topic but we are bracing for a wave of executive orders on a variety of topics, including the president bringing up climate change. so i'm not sure if he got clearly the message from the supreme court today?
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>> well on the climate change issue they suffered a setback on that with the hold the supreme court put on clean power plant. they may be bracing for another round of executive orders we're preparing for another round of lawsuits to put a stop to executive overreach. charles: the election in november obviously underscores what this, by the way, we had this and also we had a ruling on affirmative action. it does underscore how important the supreme court is this time around and just how important it is to get in justices who really are, who adhere to the constitution and doesn't legislate from the bench, isn't it? >> absolutely. obviously had scalia still been on the court we believe he would have voted in favor of our position in this particular case but it is essential if we're going to make sure this country remains on the right track. that we have justices who apply the constitution as opposed to rewriting it. who hold each branch of
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government only to assigned duties and don't allow the president to assume authority he or she doesn't have. charles: governor abbott, got to say, first and foremost, congratulations. it was courageous. you fought back. supreme court won and rule of law won. thanks for finding time. i know everyone is being look for you today. >> thanks so much, charles. charles: want to go back to britain and big question are they in, are they out. the legendary historian says if history is proof we already know the results. we'll be back in 90 seconds.
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>> very good afternoon, live from the floor of the new york stock exchange, i'm lori rothman with your fox business brief. stocks in rally mode big time. this as u.s. stocks trade right in tandem with the pound sterling. we believe that the uk will vote to remain in the eu. we'll know for sure tomorrow morning. dow up 14points, within striking range if you will of dow 18,000. this company makes apps allows customers to interact with companies making debut here at new york stock exchange. up 72%! this is the first ipo that has been this successful in the long time. so far it has been the worst season for eye. ipos. other techs are watching maybe the time is now.
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meantime macy's shares up 2%. terry lopped again says in 2003 he is stepping down. company is struggling to adopt to changing customer demand at moss sphere. "cavuto: coast to coast" continues. my name is fred and i carve heads out of cheese.
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it's not easy. i was once working on a bust of shaquille o'neill in swiss. i haven't worked in swiss since. everyone called me crazy. things really took off when i got my domain name from godaddy and now they're selling like hot cakes...made of cheese. got a crazy idea you think you can turn into a success? we know you can and we've got a domain for you. go you. godaddy. charles: just crossing the wires. comments from air b and b ceo. he is saying 75% of the company's business is outside of the united states. -- bnb.
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we bet he is watching the uk vote very closely. british tend to lean towards xenophobia, that means they could lean to leave the eu as we speak. you're one of my favorite writers and historians. glad you have time to join us today. this vote according to the polls is neck-and-neck. according to professional gamblers over there, overwhelmingly remain will stay. markets acting like remain will be ultimate vote. why are they getting it wrong? okay, i'm not sure that john can hear us because, when i said he is one of my favorite historians, he didn't say thank you. joking. we'll try to get his wiring back together. remember the dow is up 149, 150 points right now. because the markets are thinking, british may be historically known as xenophobia, i don't know if that
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is good rap or bad rap, they have invaded every country in the world except 10, former british empire where the sun never set is getting smaller and smaller. do we have john? we don't have john yet. bottom line we'll get john. we'll talk about it, ultimately the market will make a gigantic move next 24 hours based on what happens in the uk. trump, wrapping up fund-raising. coming into the month only a million bucks. what does he have to do to change all of that? we'll explain it to you right after the break. ♪
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outcome of this "brexit" vote? >> i think it is very likely to. i wouldn't bet the ranch on it but the average brit is, tends to, you know, all island races tend to regard themselves as being rather special and not like foreigners very much. charles: although if you go back in history to the treaty of rome, when the uk wasn't initially a part of this european community they fought tooth and nail to get in, to force themselves into this. what do you think has gone wrong since then? is it essentially about the anti-establishment feeling? or has the immigration issue, particularly on the continent, resonated so much that to your point they're worried about their culture changing? >> well, of course, remember when the british fought so hard to join the european community in 1972, britain was the sick man of europe economically. then thatcher revolution and britain is now the fifth largest economy in the world. substantially bigger than france. and also i think certainly the
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immigration once angela merkel opened up the immigration the british got very nervous having basically what was britain disappear. a flood of new immigrants. charles: so you go from being the sick man of europe to since 1993, when the eu officially went eplaced the eec, to the fastest growing gdp per capita, even outperforming germany, still xenophobia anxieties may overrule that? >> think they were always there but in the early '70s, britain needed help and needed all the help it can get. now that is no longer the case. britain would do fine outside the european community. it is the european community that needs britain. charles: what do you make of england being so bifurcated? this elect ad muslim mayor and of course immigration there is huge. russians, middle earners, people
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in london have all the money? it seems to work on outside. beyond london there is negative attitudes towards so-called foreigners. could london situate it or folks in the country side that ultimately make the decision? >> we'll find that out at some point. london i certainly imagine will vote in favor of staying. i imagine the vote outside of london, and london is a very big part of britain, remember, but i still think my guess they're going to go. the betting in ladbrokes, curiously ladbrokess giving 3 to 1 staying. most of the big bets are staying. two to one on small bets are for leaving. when it comes down to it, when you have how much money you have only have one vote. charles: to your point, remain votes average 376 pounds, leave, 276 pounds. john, appreciate it. >> thank you. charles: donald trump
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fund-raising woes, gop fund-raising star noelle nikpour is here. 40 million in debt. there are reports he has forgiven that. i don't know if that is official or not. they have got it together. ready for the first outreach, how do you think the tide is turning? >> you know, pete sessions came out with with a comment recently said he really didn't need to raise as much money. charles: not as much maybe not 1.5 billion. >> there you go, charles. charles: yes. >> but i will tell you his fund-raising, i think is starting to pick up. tuesday night he had a big fund-raiser at lecerc. wednesday morning you know woody johnson was one of the big hosts on breakfast for donald trump. woody johnson who owns the jets was a big financier for rudy giuliani and jeb bush. he raised him a lot of money. you know i think that what donald trump needs to do is from
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what i am hearing he is not really sitting down and making those phone calls. you know how you sit down, even when i used to work for rudy giuliani, he would roll his eyes, the phone calls, they hate it. but he is not really doing that. there has not been a lot of fund-raising calls and outreach from what i have -- charles: i read something, reince gave him a list, 10, 15 names, called two and stopped. i don't know, listen, donald trump calling asking people for money feels kind of weird or awkward. is that something he is going to have to do? >> he is going to have to, charles, he can not finance this entire race. not only that, but, a lot of donors, as you know who are behind the movement of never trump, they're probably not going to give to him but the question of it is, will those donors, will they give to the rnc? the rnc covers, they will have to join trump's efforts. charles: real quick, i heard sources jeb bush, mitt romney told most of their donors don't give any money. they're trying to choke off donald trump.
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is there any truth to that? >> i don't know if there is any truth to that but i will say those donors, i know a couple of those donors. they're not budging. they don't want to give. i don't even know if they're going to vote. if those are names on list donald trump has he will probably not call or reach out at all. charles: noelle nikpour. thanks a lot. >> sure. charles: investors are buying in. should they simply be watching out? we'll discuss it next. back with the iphone and ipad. win number one: you get america's largest, most reliable, most consistently fast 4g lte network. win number two? we'll pay up to $650 when you switch and trade in your phone. and the third win? buy an iphone on the best network... ...and we'll give you $300 off any ipad. why settle? you can have it all at the win-win-win event. at verizon stores and
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charles: latest on biz brawl. big business leaders choosing sides. more than 50 of them joined, throwing their support behind hillary clinton today, names like netflix ceo reed hastings and basketball legend magic johnson. donald trump is making his case to big business as well. he says the economy is his edge. we're all on that tomorrow. tonight all about the uk. we're all over that as well. by the way, special report for you on the "brexit."
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what stocks do you want to own? i have three i think break out make you a lot of money. for now, trish regan. take it away, trish. >> thank you, charles. breaking now, president obama's immigration plan blocked by the supreme court. the court splitting 4-4. that means the lower court ruling that rejected the president's plan to shield millions of illegal immigrants from deportation, it will stand. i'm trish regan. welcome to "the intelligence report." the president blasting decision and taking swipe at donald trump. >> during election years politicians use the immigration to scare people with words like amnesty with hopes it will whip up votes, pretending we can deport 11 million of people, or building a wall without spending tens of billions of dollars of taxpayer money. trish: he lectured americans, be more tolerant. >> immigration is noting something to fear. we don't have to wall ourselves off


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