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tv   Making Money With Charles Payne  FOX Business  July 6, 2017 6:00pm-7:00pm EDT

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liz: president trump will meet with vladimir putin tomorrow at the g20. charles payne is sheer with making money *. charles: a violent protest rocked germany and rocked our stock market. i'm going to take a deeper look inside today's session and how to prepare you for tomorrow. capitalism under attack. violent anti-capitalism protesters swarming hamburg, germany. police resorting to water cannons and tear gas. gabby, we get these kinds of
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protests at these sort of events. angela merkel is on record saying she held it at this particular city sort of hoping they could have peaceful violent protests. we are at an interesting place in the world right now. >> to see all these world leaders there trying to hold serious discussions. we have a number of meetings coming up tomorrow with the big one russian president vladimir putin. and this was a distraction from a lot of that today. the hope is tomorrow will be more calm and there won't be as many protests coming out. german chancellor picked this location for a reason, and it
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seems them were a bit under prepared to deal with the protests that were happening. charles: president trump speaking in poland talking about protecting culture and talking about article 5, an attack against one is an attack against all. you drift into a point of perhaps no return. let's get back to basics and remember why these nations advance so much further than the rest of the world in the first place. >> the president gave one of the most full-throated defends of western civilization. he said we write symphonies and innovate and empower women. it was such a contrast between those of us who celebrate the
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people fighting in blow up artworks be, and chop orpeople's heads and basically live in caves. charles: when they come into your country they don't want to assimilate. >> people are under the mistaken notion that's our. >> i deals of western culture are common values and they are not. we are dealing with a clash of civilizations. we celebrate the arts and innovation and brilliance and celebrate women. we are confronting a civilization that does none of those things. he's saying we have to examine the decisions we are making. do we have the political courage to say we'll not tolerate this? charles: i think president trump may have caught people off guard saying he won't tolerate the
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things russia is doing. people are amped up. you will have six people in the room. what do you expect to come out of this and what can this be the building blocks for? >> earlier today we saw him speak about russia. we saw him promising to work with eastern europeanal lights of the united states to address russia's meddling. i think that's why we are seeing so many aides will be present tomorrow, because they want to have control over what happens. charles: six people in the room and two translators. trump calling on the kremlin to stop fueling global unrest. let's roll that tape. >> we urge russia to cease its
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destabilizing activities in ukraine and elsewhere and support for hostile regimes including syria and iran, and instead join the community of responsible nations in our fight against common enemies and a defense of civilization itself. charles: ironically to nato, the post world war ii idea that western countries will rally around and push back. >> i think that's right. president trump's speech saying don't buy russian gas, buy american nation natural gas. i think this sticks a pitchfork into the idea of donald trump colluding with the russians. if he's a puppet of russia web's a aren't republic the. >> he said we are committed to
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helping you find alternate sources of energy, which is nothing but a shot across the bow of russia. because russia has used energy to coerce people to do what they wanted them to do. he said we'll be committed to giving you energy independence so you can resist russia's attempt to coerce you through energy policy. charles: russia, putting more pressure on north korea doing their part. what do you think vladimir putin is trying to establish tomorrow? >> i think he wants to have a discussion with president trump about the relationship between the u.s. and russia. it's reached rock bottom. so i think there are a number of things that need to be addressed. trump needs to go into this being as forceful as he can on issues like syria and russia's
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role on helping to curb north korea's aggression. i think there are a number of things that need to be discussed. both of these men are master negotiators. there are likely to be some points where they putt heads and it will be interesting to see where those areas are. charles: earlier rex tillerson talked about working with russia against one common enemy. saying let's crush them then work out our differences later. >> it looks like isis is just about run out of mosul and on the verge of being run out of raqqa. that's the equivalent of running hitler out of berlin. if it's possible for trump and putin to focus on that it's entirely possible we could crush isis by the end of the year, by the end of the summer perhaps. >> agree we have to annihilate
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isis, but also have a conversation about what does assad's future look like. charles: president trump said russia, the kremlin, you have to stop backing these dictators. >> the other point that he has to discuss is removing iranian influence in syria saying these are the three non-negotiables. we have to come to some agreement on the other two. what it comes down to with putin, he wants access to a port. we could come to some agreement, some arrangement that way. >> he's not giving up access to the mediterranean. crimea. i spoke with mo brooks. he thinks they can have a discussion that would cover crimea and western europe. is that too ambitious?
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where the two men will more or less size east other up? >> my hopes would be that trump would remind him to stop meddling? only in the our elections, but elections across the globe. this is the first face t face-te meeting. if he can remind them, don't mess with us. russia does not want to across set rate any conflict and aggression against the united states. saying do not mess in our elections across the globe. and let's figure out syria. we can come to some arrangement on syria. charles: i think russia under vladimir putin has some grand designs. but the country with the bigger grander designs is china. president trump has established well on the way with respect to first quarter trade with north
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korea up to 30%. they are not doing the things xi promised in mar-a-lago. that honeymoon is over. >> president trump is sitting down tonight with the south korean leader and the japanese prime minister. there was a reason the chinese president was left out of that discussion this evening. that was meant to be a warning shot that they are taking this seriously. i think it will be a tense meeting when they finally do sit down. charles: trump versus putin, that's the main event at the g20. but on thened card, it's -- on
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the under card, trump versus merkel.
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charles: german chancellor angela merkel slamming president trump on his trade policies, and expressing concerns over the u.s.-european partnership saying europe cannot fully rely on the u.s. with trump as president. tough words. she suggested this once before, and some of the aides came in and said it was misconstrued. apparently angela merkel is
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vying for leadership of the western world. if she sincerely believes we are no longer an ally in germany or europe. >> fighting talk from angela merge and manuel macron as well. german and french power is in decline. you have rising nations in eastern europe challenging french and german domination within the european union. the british are leaving the e.u., getting off that sinking ship. but the reality is germany's economy is in relative decline. germany is a country that still harbors a lot of deep-seeded anti-american sentiment. without a doubt you have a clash
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of competing ideologies here. merkel, macron, the liberal internationalists. they are believers in big government. they have a different ideology than president trump. these are all very powerful forces president trump is projecting, the opposite of where angela merkel is. charles: we began the morning with the e.u. inking a major trade deal with japan. it certainly was designed to send a message to president trump and their message is saying we still believe in quote-unquote free trade, trade agreements. but we also understand that the e.u. was designed because these are declining economies. if we all linked up together, maybe the time will go slower. but they are no longer the powerhouse they were 1 50 or 100
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years ago. >> they have a market and high quality goods you would want to buy. i'm sure anybody would do a trade deal with japan. this is not about global leadership. it's not even about european leadership. she has an election coming up in september. she is being challenged to the left. so in order to make people in her country who are center left happy with her, she is taking on donald trump. it's about her own power and her own election in germany. >> it felt like this wave of brexit. president trump was going to continue throughout europe and maybe you would have seen the netherlands and france. even this surprise election
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theresa may called in wasn't so successful. had that tide of individualism, populism, has it died down in western europe? we saw it on full display in poland. what about the cultural elites of france and germany? >> i think charles that brexit is an immensely powerful force. it will take many years for the full impact of brexit to be felt across europe. i'm sure many countries the next two decades will follow britain's lead and exit the european tuneon. brexit is about the principle of self-determination and national sovereignty. incredibly powerful forces here. i think you are seeing the polish government challenging the power of brussels and polish
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leaders calling for fund amountal change within the european union. the germans and the french trying to bully the polls. that kind of bullying is no longer flying in europe. charles: president trump declaring today that this government is toxic and what we need is the return to individualism and to preserve culture. particularly western culture. we'll talk about that next. nd n. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™.
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>> our citizens are confronted by yet another danger. one firmly within our control. the steady creep of government bureaucracy that drains the vitality and wealth of the people. the west became great not because of paperwork and regulations, but because people
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were allowed to chase their dreams and pursue their destinies. charles: president trump slamming counter productive big government, arguing it's an impediment on the rest of the world. will individualism lead the western wolf into the future? chip, this is such a telling story after the last 8 years where an avalanche of commerce stops the wheels of commerce from running and creates a lost hope in the ability to prosper in this country. >> when i went to washington for the first time to work on capitol hill in 2003, the code of regulations was 80,000 pages.
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today it's 114,000 pages. in those pages lies the death of our economy if we continue to allow it to grow. we have only had 3% economic growth twice in the last 20 years. we had growth over 4% under president clinton and reagan. we need to do something about it. the president is exactly right. charles: ronronald reagan had. 100 regulations. president obama had 488.
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just with healthcare we see once you start to put this stuff into play, whether it's a new entitlement, it's hard to get rid of it. >> it can be hard to get rid of these things. what is most striking for me is not just the big picture items. but the level of my crowe management that obama and washington, d.c. were involved. we had regulations on ceiling fans, dishwashers. local street signs, and my favorite is the federal regulation of commercial ice making machines. you are supposed to test it and determine if it is some of the were than, harder than the federal ice factor. charles: even beyond torturous nature of these when it comes to the economy, there is something about a paternalistic big
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government, the high taxes keep feeding on that beast. it pushes back entrepreneurship and individualism. it pushes back the cover why we propel to the front of the pack in the first place. >> that's exactly right. when you have think about the big stranglehold in the economy, it's obamacare. but you can't overlook the impact on the economy of obamacare and way it's doing to strangle jobs and job creation the last 8 or 9 years. we'll not get to the 3%, 4%, 5% growth if we don't free upped burdens on small businesses. charles: you have republicans in states advocating for higher taxes. when you have to feed the beast, it's hard to dismantle it.
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>> i'm glad president trump is saying if there is going to be a new regulation, you have to kill an old regulation. get rid of obamacare, get rid of dodd-frank, if they take august off that's a $90 billion hit to tour economy. charles: let's keep that promise you made to the american voters. sanctuary cities say they will not stand down and therm charging full steam ahead with a new mission. one million new -- they want to protect 1 million illegal immigrants this year. new ones. horseheadswivellychair.com
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char sanctuary cities are working to make 1 million immigrants citizens. here to discuss with me now, katie frates and ned ryun. sank wary cities, i would argue
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what's happening across the nationn with regards to a pushback. >> this seems like what we would want them to do, they are getting these people to apply for citizenship, to start count legal part to become an american citizen. that's what we wanted for a long time. so at least these sanctuary cities are taking a step in the right direction of not just harboring illegal immigrants. but showing them the process to become anne a legal american citizen. charles: if you start with the notion maybe you broke the law coming here illegally and you are being provided shelter, particularly by people who committed additional crimes. >> flat rallize now, the group behind -- naturalize now insists they are helping citizens
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eligible for legal residency. i don't know if that's the case. but a lot of taxpayers in these cities are looking at this. they see their lawmakers seem to be thinking so much about the needs of people who are not legal citizens. it's one of those things that makes them look at it and say what are you doing with this. why don't you spend time helping us who are here legally. charles: the high tax jurisdictions. you could use a lot of money to fix fourth natives, then maybe you can roll out the welcome mat. >> this is a voter registration drive for the democratic party. why appeal to the current voters when you can create new ones. they are trying to create new
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voters for the democratic party. let's cut to the chase and put a fine point on it. you are saying these people came in illegally and now you are trying to short-circuit the process which which they can become legal citizens. we are all for legal immigration and all for people coming here and assimilating and buying into the american dream if they go through the proper process. charles: our birth rates hit an all-time low last year. we need more people in this country to buy the starter homes and all the things that work in the economic food chain. but these cities, i know you see a silver lining. we know the sanctuary cities have been defiant. we reached out to naturalize now and we haven't heard back from them yet. >> sanctuary cities just even
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that concept is wrong. it flouts american law and create a dangerous environment for legal immigrant, for american citizens. sanctuary cities are wrong and should not exist. however, i'm trying to find a silver lining in this and saying at least they are not just harboring. at least they are trying to help people naturalize. >> i saw san francisco, los angeles. why don't you try working without federal dollars. if you want to be in defiance of the law, try going it alone without federal dollars and in five nos your pension plans will be bankrupt. if you want to be on the other side of the rule of law, we'll take the necessary steps to bring you back into the rule of law. >> if you go to naturalizenow
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website. you have the seiu and other unions behind it. it's a pretty good indication of what they are trying to do. charles: it's powerful topic. but it's one where the american public and the voters spoke about how they want to deal with this. it's a tougher measure whose time has come. thank you all have much. anti-capitalist protesters taking to the streets ahead of the g20 summit. the markets got hammered. but the jobs report out tomorrow. what's going on with this market? the future of sleep is here with the new sleep number 360™ smart bed. it senses your every move and automatically adjusts on both sides.
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charles: images of unrest in hamburg, germany and the realization that north korea will not go quietly into the night cause the stocks to take a hit. investors finally joined the widows and orphans and they got hammered. no safety areas. anti-capitalism protesters took a chunk of wealth out of the pockets of capitalists. and they exposed growing anxiety
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with western leadership on their ability to deliver and economic promises. the crowd show up at these event like to clock work. in america we don't mind if the rich get richer as long as the same boat lifts all ships. the same tide lifts all ships. we are hearing more and more republicans talk about hiking taxes. a good jobs number tomorrow could bring some calm. a weak number could mean we go down quicker. market declines could have been a lot worse considering the breadth. in the new york stock exchange. 2,213 stocks declined. then when you talk about vol, $1.6 billion shares. $350% more than advancing
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volume. the declining volume was 540 percent more. the tide has turned from a technical point of view, all the major indices closed at their moving average. that's a key indicator. the inability to take a stand here means we could have a much bigger drop testing the 200-day average. can fundamentals come to the rescue? the service economy came in much better than expected. this is really great news and it does hit at a stronger economy and justifies a rally that we already enjoyed. it's not time to manic but it's time to reassess everything.
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taking profit and taking losses. that's always key. income inequality gone wild. dickens alive and well.
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charles: the illinois house voting to override the government's veto on the budget. it means higher income taxes. it brings us to a tale of two cities. prices of manhattan real estate hitting a new all-time high.
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this according to a new report. this is homelessness spiked by 39% this year. joining me to discuss you deal with wealthy folks in new york. do you see what i see? they are sleeping in the shadow of another sky rise. you have people who don't have a job. it feels like a weird juxtaposition. >> it's tough when you see the homeless people sleeping on the streets and you note prices have gone up again. when it comes to actual housing, it's on solid footing, and the reason is because of the job stability and increased confidence with what's going on with the economy.
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charles: how much of new york is foreign money and to chinese billionaire. >> foreigners love new york real estate regardless of whether they are from china or the middle east. but this past quarter most sales were fueled by properties and transactions that were financed. so that shows us that banks are much more secure and comfortable in lending. reporter: jason you are in the real estate business and a true observer of society. in chicago, you have got 56 cranes up. new cities have more, yet people are leaving. anyone who can afford is to trying to get out of that city. >> if you look at the liberal coasts of the u.s., that's where you are seeing the homeless problem. it's policy driven.
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you have a cake rent control laws and increase in historic district commissions. so that don't allow for a new supply of rental housing. the tax laws favor homeownership over rentals. it's the regulations, historic districts. downthrown is an historic district that contains a hess gas station. there is nothing historic about that gas station. charles: it's not just the new york issue. we have seen this in towns and cities where prove grelsives have bern seen for a long time. income inequality is actually worse than anywhere else in this country. so you have to wonder if that's the solution or maybe that's the reason for it. >> if prices were guchg and homelessness was going up in a
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red city with a red merit would be any democrat's dream of a talking point. but new york and other cities are rhyme and deblast yoa is a bright blue mayor. you can't just shell out billions of dollars for shelters for homeless people. a 39% spike is see normous. sp their liberal policies where not helping at all. charles: you see on the upper errands it will continue. as a layman you look around and say the many got to stop at some point. >> we had a soft 2016. and there were quite a few buyers with even if the-up demand. we had such an spin creased volume. the sales went up by 15%.
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also what happened is that's sellers who had this grand vision of what their property may have been worth finally came to terms with an actual value. char rrm jason, are we in a dickens sort of environment? all these major cities because of these progressive policies, high taxes and bureaucratic regulatory restrictions where you have the super rich and super poor. is that an economic reality for these major cities? >> it's an economic reality. the historic district commissions, we need more rerntsal products. we don't need more house or done doze. i have a little bit contrare yanl view. uber flux are you market in this city is going to have to come down a little bit. land prize have gone to noles
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bleed levels -- to know -- no nd levels. thank you all have much. president trump warning something will have to be done about north korea's very, very dangerous behavior an has some ideas. we'll share sit with you next. [radio alarm] ♪ julie is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. :
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. >> as far as north korea is concerned, i don't know, we'll see what happens. i don't like to talk about what i have planned, but i have some pretty severe things that we're thinking about. it's a shame that they're behaving this way, but they are behaving in a very, very dangerous manner and something
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will have to be done about it. >> president trump addressing the showdown looming with north korea over its latest missile test during a speech in poland today. what can be done? to my panel, jessie jane, everyone says get china to do more, bring in russia, diplomacy. in the meantime, they're getting better and more proficient with each missile launch and i don't know how much time we have but the clock is ticking quickly? >> it absolutely is, and secretary mattis made it very clear this would be the worst fighting people would see in their lifetime if we did a preemptive attack, it could easily not resolve anything, much of the arsenal is hidden in caves, mountains and mobile throughout. they have a moveable arsenal on the south korean border, seoul is about 36 mile away. we could strategically take out arsenal within the border,
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we've had no historic example of taking out nuclear weapons. the closest we've ever come to attacking north korea was in 1994 when we were looking at taking out their nuclear operateingly plant. this is before they even had nuclear weapons. it's very critical and serious. >> ned, a lot of attention this week from president trump's tweet regarding the fact that the first quarter trade between china and north korea went through the roof. they did lower coal by 50% but traded everything else and a lot of money changing hands. >> right. >> do we risk a massive trade war to avoid a massive blood war? >> you know, it's interesting that the vice chairman of the finance of chinas we don't want to see sanctions on chinese financial institutions, but i think that does have to be explored. it went up 40%, trade between china and north korea up 40% almost in the first quarter. we look at sanctions on chinese
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businesses to put pressure on them, and much rather have, if it comes to one or the another have, trade war than nuclear attack by north korea. the one thing that has to be said, this needs to be clear, the situation of north korea is the culmination of the failure of the previous three administrations and now donald trump is going to have to solve it. i think the first thing they've got to think about and the pentagon and white house are exploring this, anything launched from north korea, anything launched in the future is shot down immediately as the next step and see what happens, put sanctions on and shoot anything that launch fres north korea. >> the previous administrations did two things, kim jong-un's father and grandfather, the rest of the world succumbed to blackmail essentially. economic payment and signed the deals with them. each deal was broken. even if we were to write them a check and say okay, don't ever do it again, they doll it again. >> exactly. the point has come to we have tried all of these things in the previous three administrations.
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we are going to give you food, financial assistance and, of course, they're running some of that money into the nuclear program. i think it's time to say enough is enough, next time you launch anything, we shoot it down. china, we've tried to have a serious conversation with you. trade went up 40%. we will strongly consider economic sanctions against your financial institutions and other businesses. >> jessie jane, saw south korea shock syria and subsequent action when they got out of line. we saw the moab shock al qaeda and other bad actors, so we could actually see something from president trump because they use words like severe and laid out the ground work that maybe the next move is going to shock everyone. >> we have aishg carriers off the coast. we have bombers over south korea, making strong statements to north korea we're not going to tolerate their nonsense. american people have underestimated this, every time
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i've been on the show, someone will inadvertently tweet to me, it's no big deal, why are we getting worried? they have the fourth largest army in the world and no value of life. >> let's leave it there. appreciate when you watch and lou dobbs is next. keep it right here on fox business. . lou: good evening, everybody. president trump today delivering one of the best speeches of his young presidency, speaking in historic krasinski square in warsaw, the site of the 1944 uprising against the nazis. president trump spoke of the urgent need to defend western civilization. >> i declare today for the world to hear that the west will never, ever be broken. our values will prevail. our people will thrive, and our civilization will triumph.

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