tv Risk and Reward With Deidre Bolton FOX Business August 18, 2017 5:00pm-6:00pm EDT
melissa: a new lawsuit claims that poland spring water is a close colossal fraud saying that the 100% natural spring water is ordinary groundwater. david: we knew it. the company says it meets all federal regulations. others say not. melissa: risk and reward now. liz: major news tonight at home and abroad. steve bannon, president trump's chief strategist out at the white house. now with these, a major manhunt now underway in spain for a terrorist on the loose there. a bigger than expected terrorist cell behind two deadly terrorist attacks, and it could have been a lot worse. authorities now uncovering a even bigger bombing plan that was in the works in spain. welcome to risk and reward, i'm elizabeth macdonald. first year money, the markets hitting triple digit losses this morning but turned positive on the news steve bannon's exit. the idea being trump's growth agenda could move forward. but the dow did fade into the close.
the dow moving 140 points to session highs. ending the day 76 points lower. the s&p did rebound off its second biggest drop of the year on that news. again, this is historically the worst time of year for your money in the markets. now starting to flash a fasten your seatbelt warning. we're going to have more on that. this after 12 hours of horror in the deadliest terror attack in spain in over a decade. the death toll rising to 14 and an american among those murdered. at least 100 others wounded. four suspects now held in spain. the attacks could have been even bigger involving bombs. the search on for the driver of the van that plowed into pedestrians in a popular tourist spot in the heart of barcelona. but first, steve bannon, the president removing bannon at the white house as the white house chief strategist. this is the sixth departure from the trump administration after mike flynn, james comey, sean spicer, reince priebus,
and anthony scaramucci. we have experts to react. brett barns, ben stein, they're all here tonight. but let's get to blake burman who is live at the white house. great to see you. this all went down as the president was headed to camp david earlier today; is that right. >> yes. and you mentioned the six departures. high profile departures. this was also the second major departure since the chief of staff john kelly has been running the show here at the white house. of course anthony scaramucci a few weeks ago and steve bannon today. it almost had a sense, liz, we're pointing as this being a when and not if scenario and the white house on this day is portraying this as a mutual parting of ways between someone who had been with the president for a year and toward the tail end of the campaign steve bannon and the president of the united states. here's what the press secretary sarah huckabee sanders said in a statement today. she said and i quote white house chief of staff john kelly and steve bannon have
mutually agreed today would be steve's last day. we are grateful for his service and, i him the best. liz, you mention camp david. there were 21 of the high profile folks from the trump administration not on the list and not scheduled to be there with steve bannon. so all of this happened with bannon not there. some major decisions, though, were set to be made potentially earlier today at camp david as it relates to the afghan strategy. among the folks who were surrounding the president at this big powwow, the secretary jim mattis, the chairman of the joint chief of staff dunn ford, the secretary of state rex tillerson and national security adviser among the 21 people there. liz, this is a major decision. i know a lot of the focus today has been focused on bannon. but when you look at the policy decisions that the president has to take head on, this is one of the biggest going forward as there's currently some 8400 u.s. troops in afghanistan. one of the plans that the president is reviewing is potentially putting another
4,000 there. at the height of the war in afghanistan, there were 100,000 plus u.s. troops. so just a sliver. but any time you talk about potentially adding more boots on the ground, it is a major decision. no timetable on when this decision could be made, but that's what they were talking about. liz: that's really an important point. and also an indefinite looks like true presence in syria as well. blake, good to see you. thank you so much. earlier this week, president trump gave a lukewarm endorsement to steve bannon. for steve bannon. let's take a listen. >> i like mr. bannon. he's a friend of mine. but mr. bannon came on very late. you know that. i went through 17 senators, governors, and i won all the primaries. mr. bannon came on very much later than that, and i like him. he's a good man. he is not a racist. i can tell you that. he's a good person. he actually gets a very unfair press in that regard. but we'll see what happens with mr. bannon.
liz: let's bring in one of the strongest minds in dc. fred barns. good to see you, fred. >> thank you. liz: what do you think of steve bannon's exit? good or bad? >> well, i think trump's going to miss him, but he had to make a decision. listen, this was a gamble by steve bannon, and he gambled that on the record where he said he -- bannon said he was going to clean out the state department, and he would -- and acted like he was going to drive gary cohn, the chief economic adviser of the white house, and all of these things. the president had to choose. it wasn't a -- he had to chaos between bannon and gary cohn, actually. and it was a long shot on bannon's behalf, but he lost the gamble. liz: this is the sixth senior white house official to depart the president's administration. so can the pro growth agenda get back on track? because to your point, according to that article, it
sounded like steve bannon was about economic at wa warfare with china when it's about economic tax reform; right? >> yes. they are. and, look, i don't think bannon had much influence on the whole economic agenda, certainly not the tax reform plan. and i think it's going to go ahead -- it is one, liz. it is the one program that is extremely well organized in the white house, treasury, and on capitol hill with the republican leaders. so i think there's still a very good chance it will pass. it will be this fall, but it will pass. liz: yeah, so that sounds like a no-brainer. i mean, we see obamacare exploding on the launchpad. we see the economy trending along at obama era levels. to your point, it's ready to go. you know, here's the thing, fred. and you've seen this too. the trump voters. 63million trump voters voted for trump. they don't like congress. they know businessmen have to report quarterly to investors.
they say congress is a swamp. they have to report back to voters every two years. >> look, the trump agenda is one that he's going to have to really follow. and then particularly when you think of the trump -- the trump base, they're not going to be anybody in the white house now like bannon who will be -- who will push president trump on that base, on immigration, on trade, on narrowing america's role around the world. so there will be more nonintervention and so on without bannon. i think the policies will shift away from what trump actually complained on. liz: yeah. let's stay on that. that's an important point you just raised because 19 conservatives did send a letter to the president praising steve bannon. they're now worried about kellyanne conway. what does that do to president trump's base? because to your point, they want illegal immigration stopped, and they don't like the trade deals. and now we have, you know,
goldman sachs types who is don't get rid of nafta. keep nafta. >> yeah. the goldman sachs people have won that argument already. they're not going to -- i mean, the president backed away from getting rid of nafta, and they're just renegotiating it, which is quite different. bannon's influence is going to be missed by one person in particular at the white house. and i think that's president trump. he's relied on him a lot -- he doesn't like bannon's claiming or at least getting -- people in journalism to claim that he was the architect of trump's victory in the election and so on. i mean, he resents that. but bannon is a very important guy in trump's life. and i think he'll do what he's done with others like cory lewandowski. his campaign manager, originally he fired him and did lewandowski leave the trump orbit? no, he was on the phone talking to trump all the time
and now is much closer to him. liz: yeah, steve could get back to breitbart. we'll be watching that story. we have breaking news. carl icahn dropping out of the presidential advisory role. we've had a number of executives leave and terms the advisory panels that were disbanded. the president seems to be more isolated than ever before. what can he do to turn it around? >> well, i could think of a lot of things. but most of them have to do within the ablibbing. do that on tuesday when he didn't have to say anything about what went on in charlottesville. he could just say, hey, i'm sticking with the statement i did before. he didn't do that. he blabs. i thought john kelly, the new chief of staff would be able to occur be some of that. but it doesn't really look like it. i thought kelly was a good choice. it is significant that carl icahn are leaving. he and trump are very close friends.
liz: they're both queens guys. >> yeah. that's right. this is not just some stranger. and now we have a white house -- remember, it was a team of rivals, you know? with bannon fighting with just about everybody and now it's a team of outsiders. kellyanne conway and speechwriter miller are the only ones left from the campaign. liz: well, steve miller got in a disastrous fight there. that wasn't looked on very well, and he just underperformed there. back to your point. there were three generals advising the president. the nsa, pentagon, and the chief of staff. marine general. i mean, a marine general you're saying can't keep the president align and keep him within the guardrails. focusing on his agenda and pushing back on congress. >> yeah. you know, i think john kelly recognizes that trump is the president. i'm not going to tell him what to do. i can't treat him like a child and give him orders about what he can say or not say.
and kelly said i'm not going to be policing his tweets, and he's not. but that's a big problem and continues to be. liz: you know, bannon to your point came after he cold called robert of the liberal american prospect. he did trash talk his colleagues. to your point, he would purge opponents at the state department and put an antichina hawk. and he also to the president's pro business advisers were quote whetting themselves. what do you think there? >> i think that was a mistake to say that. because next to health care, the most important thing is the tax reform bill. and people running that are people like gary cohn, one of his chief economic advisers and steve mnuchin, the treasury secretary. i think they have a good chance of success, and i think trump does as well. so challenging them, calling them bed wetters was not very smart. liz: yeah, quite a memorable term.
good to see you. thank you for coming on. putting out a statement of steve bannon saying there's one less white supremacist in the white house. does not change the man sitting behind the desk. donald trump has spent decades fueling hate in communities, including his recent attempt to divide the country and give a voice to white supremacists. why democrats will continue to show leadership during this deeply troubling time. let's take it to the power panel, washington times contributor eric. patrice, what do you make of that statement? >> well, you know, democrats are obviously, you know, they're saying this is a victory or some sort of win and a stop to the trump agenda. but what they don't realize is that president trump has laid out a agenda that continues to put american families and american workers first. and steve bannon going out does not necessarily mean the agenda stops. liz: you know, and it's worth noting in the statement the dnc said -- they called steve bannon a white supremacist, eric. and they also said there's one
less white supremacist in the white house. what's your reaction to that? >> well, i can understand how some would view him that way. i get their perspective. but all the insider views of bannon is the opposite that he doesn't have these racist ideologies. but, you know, it's hard to know. i mean, we're not close enough to know what's really going on. what we do know is that donald trump had enough, and it will be interesting to see. i don't think trump is going to lose contact with him. in fact, he'll still get his advice. and, in fact, in certain ways, bannon could actually help him. i don't know that it's a negative in any way to the trump administration, it's managed right. if they don't manage it right, it could be a big problem. liz: you know, we're just hearing word that, yes, from the white house sources that steve bannon did tend his resignation on august 7th, patrice. he is out as of today. patrice, let's get back to what's going on behind the scenes in the white house when
it comes to getting the economic agenda forward. i have to say it again. the trump voter does not like congress at all. they see them as obstructionists. they know that businessmen have to report to investors quarterly. members of the house report back to voters, you know, every two years. you know, you've got three generals sitting at the top of the pentagon, nsa, and chief of staff. can they get the white house back on track? >> well, i think hopefully they can. i mean, americans are waiting for not just, you know, for people to be in the same position for longer than seven months. but for a real run at this agenda, you know? and when it comes to democrats, you know, what they said before, i mean, it's just ridiculous. they're going to be focusing on race relations. and then trying to position the trump administration as white supremacist. whereas if congress and this administration can focus on getting people to work, providing tax relief, and heaven forbid providing relief from obamacare, then i think americans are going to read between the lines and realize
that this is just a lot of on the democratic side a lot of just hot air. liz: so we're going to see in the midterms, eric, essentially instead of victories for the trump administration on tax cuts, we're going to see there are fine people marching with nazis in charlottesville. that's going to be the democrat commercial, the tag line; right? >> i think that will be one of them. it will be interesting to see what else they're going to do. i mean, there's certainly have a lot to attack the administration on. i think if the democrats are smart, that's not what they're going to do. if they're smart, they're going to be running economic messaging. we saw what happened when they tried to just point out negatives with trump in the election with clinton. it didn't work, and i think the big take away, and i think schumer gets this. is that you don't want to get stuck into this identity politics. you want to focus on what really matters to the end voter. they don't -- a lot of them don't care about this. what they care about is what are you doing to help the economy? what are you doing to help the jobs situation? if they're smart, that's where we're going to go.
we don't know. but might suspect schumer, he gets it, and i suspect that that will be most likely the majority where the spin goes and where the focus is. liz: yeah, i hear what you're saying, eric. quickly, patrice. correct me if i'm wrong. president trump won more minority voters in the last election than mitt romney. is that true? >> i believe he did. and there were some specific demographics, particularly black men or disenfranchised and unemployed who i think are looking to happen for some change. liz: including 8 million obama voters. patrice and eric, good to see you. thank you so much for coming. >> good to see you. liz: the market ending the day in the red even though it got a bump. amid terrorism and political turmoil, that is a safe haven play. next up, president trump chief strategist steve bannon today, this after criticism this week from all sides on the president's comments about the violence of charlottesville last weekend.
now, can he get his agenda done? we've got economist ben stein weighing in next. and later, an update on the terror attack in spain. did europe open borders help these attackers carry out their terrorist plans? that's coming up you always pay your insurance on time. tap one little bumper and up go your rates. what good is having insurance if you get punished for using it? for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪ we have a question about your brokerage fees. fees? what did you have in mind?
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liz: last day for president trump chief strategist steve bannon. he is leaving the white house. and now this: billionaire investor carl icahn has sent a letter to president trump saying he has agreed to cease to act as special adviser to the president saying quote i never had a formal position with your administration, nor a policy-making role. and contrary to the insinuations of your democrat critics, i never had access to nonpublic information or profited from my position.
nor do i believe that my role presented conflicts of interest. apparently, the billionaire investor had stakes in things like biofuel companies. that could potentially be why he walked away. using this time why he walked away from the economic counsel. even if republicans have been denouncing president trump's comments about the violence in charlottesville, virginia. the president is becoming more isolated. so can he get his agenda done? here to sort it out is former nixon speechwriter and economist ben stein. good to see you, ben. >> nice to see you. thank you. liz: so, first of all, steve bannon. good or bad that he's gone? >> i am totally mystified about it. i don't understand why everybody hated him in the first place. i don't understand why mr. trump would want to get rid of him at this stage of his life. he needs mr. bannon's it trueness and insight more than ever. so i am absolutely mystified by it. i am just stunned. i mean, i know he's controversial, i've never understood why. i've never understood why
anything he predicted to be reprehensible. there just seems to be so much chaos at the white house, it's kind of scaring me. liz: what happens with the president's agenda right now? what do you think? >> well, i don't even know what the president's agenda is anymore. but i think the part that's been moving the stock market, which is what we care about, is getting a greatly lowered corporate tax rate. in fact, the ideal rate for corporate income tax would be zero. there's no reason to tax corporations. they should tax the owners of the stock, not the corporations themself. i don't know what that situation is now. it doesn't seem to me there's anything at all in this point and his agenda. i mean, the whole thing just seems to evaporated into a puff of smoke over some comments that mr. trump made about the rally in charlottesville that seems to be quite unexceptionable. i mean, i don't understand one side had a permit, the other side didn't have a permit.
one side had disgusting, horrible people. antiblack people. one side has the a group of -- liz: yeah, fine people are walking with nazis. it was that. but i want to get back to the agenda. >> okay. liz: go ahead. make your point. >> no. i was going to say. look, i am very active in civil war battlefield preservation. that's a very big cause of mine. and we believe in preserving monuments in the civil war. maybe they should be moved to different spots. but the idea that there's something wrong with a monument to a gigantic national event. i'm just mystified by it. liz: what the trump voter wants to see is congress getting a move on. they see congress as obstructionists. i mean, to your point, the stock market owes more to economic growth and central banks $15 billion in money printing pouring into stocks like tech firms. also dollar weakness helping report foreign profits overseas, you know, coming into the u.s. artificially looking like more profits with more dollars to report.
i mean, that's the issue for the trump voters. 63million of them, they can't stay in congress. they don't like it. so how does this move get the trump agenda back on track when to your point, it comes to growth? >> i don't understand how it gets anything back on track at all, frankly. and the growth has been because there's money pouring into the economy, it cannot go into bonds because the interest rate on bonds is so low. it cannot go into cash because cash basically pays nothing. the fed has basically created the most gigantic stock market bubble-making machine in the history of mankind. that has nothing to do whatsoever with mr. trump. he brags about how much money has been added to the value of the stock market. he had nothing to do with that at all, so the whole thing is just, like, a whole bunch of eggs out of a carton up into the air and having them land on your windshield, and you don't know how to see out of it. i just don't understand what's going on here. i wish i did.
i wish i did, and i wish there would be some more continuity at the white house. liz: ben, i think you just came up with a new term. throwing eggs to hit the windshield and you can't see. you're brilliant, ben. come back on. >> god bless you. liz: have a good weekend. there was no big winner in wednesday night's drawing. so the jackpot for saturday -- look at this. more than half a million bucks. $535million. now, the powerball jackpot has rolled over 19 times. no winner since the june 14th drawing. if you offer the cash payout, here's what you'll get. over $300 million. we'll be checking in with the folks buying the tickets. and still to come, a major manhunt still underway in spain after the deadliest terror attack there in more than a decade. we're staying on that story for you. we're going to bring you the latest. but first, steve bannon's exit from the white house former 2016 presidential candidate governor mike had you been huckabee. he will join me next. don't go away switch to flonase allergy relief. flonase outperforms the #1 non-drowsy allergy pill.
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liz: welcome back. steve bannon. president trump's chief strategist help propel him to the white house now out. here for more reaction. look who's here. former arkansas governor and 2016 presidential candidate. he is mike huckabee. good to see you, governor. >> good to be with you, liz. thank you. liz: good or bad thing. what do you think? >> i think it's -- you know, it's a good thing if donald trump decides that he needs to reform his team. steve bannon offer his resignation. look, the president accepted it. i think that interview was very difficult for the president, especially during this week. didn't come out of the good time. everybody in that white house, everybody serves at the pleasure of the president. he had lost his pleasure, done deal. i think steve bannon will continue to be a supporter and maybe he'll be more even outspoken in, you know, holding this white house to the agenda that was the basis of his election. liz: you know, some are fearing, in fact, we have fred
barns on earlier saying who's going to be in the white house to guide the president on trade issues? you know, the trump voter wants jobs. they see trade deals as being incompetent and how they were rendered in the past. and things like illegal immigration. what are your thoughts there? >> well, he's got steven miller. he's got jeff sessions, he's got a whole host of people around him. plus, he has thousands of people every time he goes out to a rally. i think this notion that somehow that there's no one in the white house that really will be speaking to his policy, kellyanne conway. he had another. so i just don't buy that argument. plus, i don't think people need to remember something. donald trump is his own best counselor, so he listens it his own instincts more than he listens to even the people around him. i don't think that this is a big shift in policy. liz: yeah, i hear what you're saying. this is a terrible week as many critics have said about what was happening with the president's comments about charlottesville. you have also said on fox business he didn't comport himself well.
he didn't look like he was prepared. the thing is the trump voters sick and tired of congress. they're frustrated with obstructionists in congress. you know, so how does this get the trump agenda moving forward when it comes to economic growth? because governor, he's looking more and more like i dare say governor arnold schwarzenegger who was thwarted by sacramento when he was governor of california. he didn't get anything done. >> well, donald trump has to forget all the critics, he has to put aside all the reporters, the things even members of congress say, and just forge ahead with his agenda. and if he has to say some things that are unpleasant and unkind, do it in the confines of the white house because he's got to really put the pedal to the metal when it comes to the trade deals, the tax reform agenda, american security at home and abroad. he focuses on those things. and the critics have really -- they'll still criticize because that's all they know how to do. but they're going to have less
and less credibility in their criticism. but president trump has got to just stop reacting to all of these people who frankly just don't matter. they're not worthy of his attention. and he shouldn't be giving it to them. liz: he's got to get some victories because the democrats are already preparing commercials. find people marching with nazis. that's what the president came across perform he needs some victories. right, governor? quickly. >> he does need victories, and i think he could get them. but it means laying off the twitter on people, you know, who are trying to stop his agenda and focusing fully on what he wants to get done. liz: good to see you, governor. we love having you go on. come back soon. >> thanks. liz: okay. get ready for monday. a solar eclipse is coming. it's going to eclipse a lot of bottom lines, that's according to analysis that companies will lose an estimated $700 million in productivity from workers. they're going to be outside looking at the eclipse for about 20 minutes. that's according to challenger
gray and christmas. again, they're going to take about 20 minutes out of their work day on monday to gaze at the two and a half-minute long eclipse and talk to their friends at it. $700million at stake. that's according to one analysis. and steve bannon's exit for the white house. we will tell you what it means for your money. and also this story. the terror attack in spain. 14 now dead. over 100 injured. it is a horrific twin terror attacks. it could have been even worse. a bombing rampage. that's what terrorists are planning. now, what does this tell us about national security here at home? we have dr. farris. he joins us next. don't go away
>> we have now received word and confirmed that one american citizen in the terrorist attacks in spain amongst those who have been killed. we are still confirming the injuries and deaths of others. but obviously, we express our deepest sympathies to the loved ones of this individual and obviously the others who have suffered loss of life, and we offer our thoughts and prayers. liz: a major manhunt now underway in spain after 12 hours of horror. it is the deadliest terror attack in spain in more than a decade. the death toll now rising to 14. an american, among those murdered. at least 100 others wounded.
four suspects now held in spain in police custody. the attacks could have been even worse involving bombs. the search now on for the driver of the van who plowed into pedestrians in a popular tourist spot in barcelona. joining me now, policy director. dr. wallied farris. welcome, doctor. >> thank you for having me. liz: did europe's open borders contribute to these attacks? >> well, of course if these open borders are not stopping the network of the jihadists. as you just said in the introduction, number one, those behind this operation are a cell. now, you know, spanish authorities can establish that because involvement of more than one person. but what is more important in spain is that more than one cell have been uncovered and now they are ungoing operations to try to find other individuals. the second most important matter, liz, is that the weapon they're using right now or the tactic that they are using right now is open space.
it's not an attack against military bases, government buildings, or planes. it's whatever they can. and the response to that is really problematic. how can you fortify, how can you strengthen every single public space and city and village? that's a major challenge. liz: it's a major challenge. and, sir, what are your thoughts on the facts that there were bombs involved? could this have involved truck bombs or car bombs? >> we've seen all the possibilities before. if you go back to the archives of the last two years, at least. if not, going back to 2011 and on, they've used from heavy bombs, multiple explosions, smaller sized bombs, cars, truck bombs, to using cars and trucks as a weapon by themselves, all the way down to knives and hatchets. so what is not important right now is the kind of weapon, but where they're targeting the civil society. they are targeting unprotected, undefended cities, and that's a major problem.
liz: you know, there have been 19,800 people killed due to islamist terror attacks since 1990. look at those numbers. 51,550 injured, sir. i'm not sure the people out there understand the totality and the gravity of this situation. >> i agree with you, liz. basically, the jihadi wars against not just the united states but also the west in general. let alone in the arab and muslim world. i mean, i don't know if these numbers would cover all of the isis victims, all of the hezbollah victims, all of what happened in sudan. liz: yeah, it includes them but go ahead. >> so if it does already, it's an indicator that the war that was waged as of 9/11 and even before that in the '90s is a real challenge to the international order. it's not just a segment here and a segment there. it's a global conflict at the end of the day. liz: now, isis has taken responsibility for these attacks in spain. are you confident that isis was behind this attack?
can we be sure of that? >> no. we can't. we need more information. intelligence services need more information. we may not even find out, you know, before maybe years from now. why? because isis has two types of engagement when it has to do with the west, with europe and the united states. one, it may have individuals who are trained in syria and iraq. and isis leadership knows that they're traveling to perform an operation. that's are very risky for them. first of all, they need those people in -- on the battlefield. second, there's the other option of individuals who are in the west either with passport, in this case, by the way, liz, one of the perpetrators is said to be a spanish citizen in northern africa. so isis can when they see that an operation was done, claim it. they can say it's ours. liz: good to see you, doctor. we love having you go on. come back soon. >> thank you, liz. liz: the cia reportedly warned barcelona police was in spain and barcelona was vulnerable to attack. the targeting major tourist
areas. now, the report is that local officials rejected the warning. these are often general warnings. we're going to have more about this story. it's a controversial one. we have a national security expert who says the world can learn from israel and how to counterterrorism. israel has been really leading the way on fighting terrorism. we're going to have more on that next. don't go away this lovely lady has a typical airline credit card. so she only earns double miles on purchases she makes from that airline. what'd you earn double miles on, please? ugh. that's unfortunate. there's a better option. the capital one venture card. with venture, you earn unlimited double miles on every purchase, everywhere, every day. not just airline purchases. seems like a no-brainer. what's in your wallet?
liz: we have a new report barcelona security chief rejected calls last year to install these concrete barriers in this tourist spot in barcelona. the barriers protect pedestrians from a terror attack by vehicle. instead, the police opted to increase police presence. this despite a level four terror alert. joining me now, he's elite special forces member and former israel counterterrorism unit member. he's aaron cohen. aaron, it's so difficult
second-guessing these guys on the ground. they're in the front line. it's such a hard job. we don't want to do, you know, armchair quarterbacking with what's going on. what are your thoughts the news the spanish police and authorities did not put those concrete barriers in? >> well, liz, i agree with you. nobody wants to quarterback this thing from the back after a tragic attack, but you have to. otherwise, we can't improve, and that's what this is. i think the overall tone of the security. i've done extensive traveling in europe. i've trained security forces in europe. for the most part, barcelona's a very laid back city. it's one of the most laid back cities in the world. it's gorgeous, it's a great place to tour. but it's a major tourist destination and just like a lot of these other major spots throughout europe, we need to have bollards. we need to have vehicular control methods to keep cars from being able to plow into these people. so i don't think that they intentionally tried to be
neglectful, i just think their general tone with how they deal with terrorism is laid back. spain is a very chilled out place. it's the only way i can explain they wouldn't take the central intelligence agency warning. and they're very simple. they can go up or down, but it blocks vehicles from hitting people who cross that daily. and police officers randomly checking some bags and just keeping an eye out for suspicious things. we're at a time now where we just need to start seeing this. we need a task force to start looking at all of the entire world and just really protecting crowds. that's what counter terrorist security. crowd security. liz: and to your point, this terror attack is terrifying because it could have involved truck or car bombs. they discovered bombs. so that's the issue. now, what can we learn from israel?
>> well, it's a good question. i get hit with this one a lot, and i feel like i'm dipping into this term again multilayer. but israel focuses on safety. and what they do is deploy a multileveled security plan, which means it would take a multilevel event for a terrorist to reach its target. for every ring of security would have to fail. so, for example, take a look. they would have bollards, armed police officers, and israel's greatest secret, liz is they're plane clothed. every off duty police officer carries a police cap that folds up and goes in their pocket so that they can be used as force multipliers. they're all over israel, and are we million sworn police officers here in america. there's only 200,000 on duty on any given shift, so you have over a half million, you know, sworn, trained police officers off duty. use them as a force multiplier. so get out of that liability issue with having ununiform
cops being able to respond to terror. that needs to change. here's another one. the biggest thing also another layer is intel. intel, intel, intel. you need the intelligence. you get it by infiltrating these pockets or essentially i'm going to say it. you know, arab-specific neighborhoods where we know they're leaning a little bit more towards isis ideology. they have to be infiltrated, the e-mails need to be hacked, the cell phones need to be hacked. it needs to be raining warrants around europe right now so we can start kicking down doors. liz: and intelligence sharing; right? i mean, it is such a bureaucracy in europe with no intelligence sharing. >> the biggest egos of the world. we're all trying to get that promotion. so, yes, the ego has to come down, and we have to get on the same team. liz: you're terrific. come back on. we'll be right back don't go awy . flonase outperforms the #1 non-drowsy allergy pill.
liz: breaking news for you. the president spoke today with the president of spain to extend his condolences to the victims and families of the terror attacks in barcelona. president trump pledged the full support of the u.s. in investigating the attack and bringing the perpetrators and associates to justice in tracking down that terror cell. again, a number of terrorists are still at large. and to one of the biggest of the year. we're talking $85 billion year between at&t and time warner. it reportedly has hit an advanced stage in talks with the justice department. this, despite president trump publicized opposition to this merger during his campaign. at&t saying expect a deal will be finalized by the end of this year. so what does that mean for your money and prices at home when it comes to your cable bills?
he is the founder of asset management. look who's here. good to see you, jonathan. >> great to be with you, liz. liz: love having you go on. >> thank you. liz: so president trump attacked this merger saying, you know, if this happened, he's quote saying too much concentration of power in the hands of too few. meaning prices could go up. what do you think? >> well, now he's apparently changed his mind. it's one of the things about antitrust law, liz is that it's completely arbitrary and elected officials in this case, including the president and the justice department have decided that it is, in fact, it is a merger can go through. and that's a good thing that we're still permitting companies can merge, companies get to grow and become more efficient. especially in an area like entertainment and broadcasting. i mean, the consumer, liz, has more choices now than they've ever had in history and lower costs than they've ever had in history. so this is positive if the economy has a hands up approach. liz: remember back in the '90s, the doj, they're all worried about these mergers
involving videos. people watching videos it's going to hurt blockbuster. and blockbuster went away with streaming. the markets are way away from what the bureaucrats can get hands on; right? >> that's always the case when it comes to merging and exporting here. i think a big question for the economy, and we saw weakness with the stock market, liz, is now what is going to be the post steve bannon stock market? is it going to be a little bit more friendly? if globalist means trade, is it going to be a little bit more friendly to trade? because if it is, i think you could say this market turn around and head higher as against cache. liz: that's interesting. that's really interesting what you're saying because the trump voter think so the trade deals are hurting jobs here at home. but you say otherwise. >> yeah. and trade is good, liz. the most prosperous countries in history have been the most free and most trade. and that's what we've seen in this country as well. and i have to say i'm worried about this economy, regardless of what happens, and what
happens with the white house. we saw tremendously more 52-week lows this week than 52-week highs. so there's not a lot of stocks doing well right now. so i think the market is looking around and saying what's going to be the next leadership? is it going to be infrastructure? looks like not. is it going to be technology? the unicorns looks like not. so until we get that leadership. liz: so would you cut some stinkers in your profile and take some cash right now? is that what you would do? >> you know, there's -- kenny rodgers said to rest. you have to know when to hold them and cut and now is a great time to do some pruning in your portfolio. liz: decline. don't go away when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪ with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it?
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we've got gerri willis here now with "making money." ♪ ♪ gerri: good evening, everybody, i'm gerri willis, and you're watching "making money." fast moving developments tonight from wall street to washington. president trump's chief strategist, steve bannon, is out, and stocks on the move. the dow rebounding initially from steep losses on word bannon would be leaving, and soon after the white house, well, making it official. but the dow still ended the week lower. our charlie gasparino was way ahead of the whole thing. he tweeted way back on sunday that bannon would go. all right, charlie, before we get to bannon, you want to talk about carl icahn. >> interesting move tonight. this just broke, it broke via carl icahn's twitter feed which is where the b