tv Lou Dobbs Tonight FOX Business August 30, 2017 4:00am-5:00am EDT
have a great night, trish is on now for lou dobbs,. trish: good evening everyone. i am trish regan in for lou dobbs who is on vacation. two dams near houston are over flowing. the unprecedented, ca catastrophic flooding has kill 15, and lead to 3500 water rescues. louisiana residents keeling an eye on the storm as harvey moves east, 12 years after hurricane katrina. trump spent most of his day in
texas, promising relief too harvey's victims in austin and corpus christi. >> we want to do better than ever before. reporter: minutes after air force one touched down, president told officials that were gathered at corpus christi firehouse number 5 to set a historical standard. >> we want to be looked at 10 years from now as this is way to do it. reporter: harvey was still hammering houston about 220 miles away. he knows that what looks like a well-planned rescue and recovery effort could still fail. >> we'll congratulate each other when is all finished. reporter: pentagon believe its will go so long they announced today possibility 20 to 30,000 national guard groups could be
deployed to areas hardest hit by harvey. >> like first responders get tired and burned out, national guard because as well. reporter: emergency operation in austin, president trump toured thener center there this afternoon. >> the sad thing that is long-term, nobody has seen this much water. reporter: fema predicts 450,000 people affected by harvey will ask for federal assistant, it pro preon sigging meals and water, red cross said shelters are packed with 17,000 people so far. >> probably never been going so expensive. reporterexpensive. reporter: president trump told locals this category 4 harvey is no match for the spirit of the loplone star state.
>> this is historic, it happened in texas, texas can handling any. reporter: to stay out of first spend oner's way today -- first spend oner's day today president trump did not tour on the ground in texas but he will come back saturday. trish: thank you peter ducey. president did not stop in houston out of concern his visit height disrupt the rescue effort. fox news correspondent trace gallagher reports water levels continue to rise, threatening homes and lives. >> can you hole abby. reporter: overwhelmed a sad summary of waterlogged residents and weary first responders are dealing with, they prepare to reload and restriction the gulf region, houston police report about 3500 people rescued from floodwaters, national guard adds 3,000 more. of immediate concern two area reservoirs north of nation's
fourth largest city, starting to over 3 the banks despite previous controlled releases to prevent downstream flooding of hoist op' houston's downtown. water levels riding 7 inches an hour. >> we're looking for 4 victims. problem we're having, they call 911 they give us physical street addresses, we cannot see the street addresses. reporter: dramatic before and after photos showing indication, swallows roads and neighborhoods, with 911 emergency systems often jammed, residents and rescuers are using social media knowing dangers will last indefinitely. >> to get water to recede, and to get water out of all homes will take several weeks. reporter: with 30,000 residents displaced.
and growing local shelters are over capacity, downtown houston convention center doubled its capacity with people lying on towns and cardboard. >> this is not your home, we understand, that but it is a shelter people are safe, dry and out of floodwaters. reporter: some cities as far as dallas and san antonio are setting up mega-shelters to handle over throw, 13 people have been respecte reported kill so far, among them a family of 6 in their minivan, and houston officer, perez caught in his patrol car. >> we could not put more officers at risk. reporter: there are stories behind them, woman who live in this house, 80 years old, just lost her husband, the family here just finished renovations
from a flood this summer, and 20% of people in houston actually have insurance. trish. trish: tough, thank you, trace gallagher. a lot of trauma people deal with this, and coming weeks, coming months they will be difficult, the response to tropical storm harvey, not only thing president trump is dealing with today, national left wing media still pursuing its russia witch hunt with news reports that trump business associate, communicated can moscow about a proposed construction project. john roberts has our report. reporter: project launched in september of 2015 was a 3ming -- gleams hotel, that would dominate moscow see line, at center of proposal trump organization attorney michael koen, and deal broker who would act as liaison, november
third, 2015, they sent an e-mail to koen, saying it would be a boone to then candidate donald trump, saying our boy could become president of the united states, and we can engineer it, i will get all of put up a team -- putin's team on buy in on this yesterday, cohen laid out time table saying by late january 16 it became apparent that it was not feasible and should not be pursue any further, and said that seder, is sometimes used colorful language, and has been prone to salesman ship, president trump said he had no business dealing with russia. >> i have nothing to do with russia. >> i know nothing about inner workings with russia. >> a lot of people thought i owned office buildings in moscow, i don't have property in russia.
reporter: it did not appear t to contradict the timeline, parent also points out that project never got beyond a letter of intent, and there was never any business deal, but not for lack of drying in mid january, 2016, it was apparent that project was stalled, koen sent a e-mail to -- writes as this project to too important, i am requesting your as is a sustai assistance so i might discuss the specifics, and arranging meetings with appropriate individuals. he did not have pes kofi direct e-- e-mail address, he abandon project less than two weeks later. trish. trish: all right. thank you.
>> donald trump never did that deal. we're coming back with more. stay with us. >> realm confident of hurricane harvey taking ap taking aim at louisiana. >> but the flooding will continue because there is high water that will continue to rise. >> we take up the politics of the storm with "the dean" ed rollins. we'll discuss rising tensions potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my...
trish: president trump heading back to washington at this hour after spending the day in texas, seeing some of the devastation caused by hurricane harvey, tomorrow. the president will shift focus on tax reform, going to springfield, missouri is give a speech at a manufacturing company. joining me now to discuss is ed rollins. "the dean" himself. >> i think that president had a suburb day -- superb day, what he did was appropriate. trish: i didn't even get to
ask a question. you are clearly impressed. >> i was, george w. bush made a mistake with katrina not inter fearing, the president learned from that, and he gave the right message, show concern. he did not get in the way of anything, he will go back friday. mrs. trump, she got on plane, always appropriately dressed. she was. idea making shots at her because she was wearing high heels. trish: they took shots at her and him, looking at a headline in washington post, even in visiting ravaged texas, trump keeps focus on himself, this is washington post. you see there is -- i don't know if you can ever impress some of these people, today was good. >> a very appropriate performance, not a person that saw him or this surrounding area that did not feel he was looking out for their interest. this the fourth largest city
in country, largest city in south, 2.3 million people live in houston, 6.l 3 in metro poll timetropolitan area. this serious, we've not had a flood like this in modern times. trish: you are right, a contrast with what president did it and president bush and katrina, he waited too long, there were additional problem, it was hard to get the resources to the people, i am being there, and seeing fema trailers lined up, so many people could not get them. he is going backsaturday. but. what about implementation of distribution of resources to make sure that people who are struggling have what they need. >> general kelly, they learned lesson from president bush, it was not just his fault, the
system did not work at that point. i think that they are prepared, he is making sure the appropriate things are being taken care of. it really takes military getting in there to make the stuff happen. the story of national guard, adding thousands of troops to begi join them, it is a big undertaking, a big economic cost. country, and sadly pay for it but at end of the day it -- people will be taken care of but it will be a long drawn out process. trish: one thing that troubles me, how people made it political, not just washington post but commentators say, you know, he is making this about himself, i thought, you know if there is one time, ed, we should not be political, this is a time like this. this is a crisis for those thousands of people, that are being dislocated, that have died, this is a time, as president this an opportunity to show leadership, that is
not what it is about, this is a chance to do what is right. >> absolutely, and i think, words of praise for texan today is very important, a great moment, it will continue to be. i think he now having seen, he will make sure, one thing he understands is building and rehabs and that stuff. >> i know that lou likes to ask you for a grade, give him a grade. >> a plus today. trish: there you go, ed rollins thank you. >> my pleasure. trish:o wall street stocks closing higher. volume, 2.7 billion shares. crude oil pricing falling to lowest level we've seen in a month, a result of harvey, knocking out 16% of nation's refinery capacity. there are new concerns that east coast could face fuel shortages as a result of this storm, colonial pipeline, biggest fuel pipeline reporting its services in texas had to be interrupted.
with reminder to listen to lou a reports 3 times a day, coast-to-coast on sa salem radio network. >> up next, u.n. ambassador nikki haleyishin issuing a warning to north korea. >> no country should have missiles flying over them like the people in japan, this is unacceptable. they have violated every single u.n. second council resolution we had. trish: we'll discuss what must trish: we'll discuss what must my "business" was going nowhere... so i built this kickin' new website with godaddy. building a website in under an hour is easy! 68% of people... ...who have built their website using gocentral, did it in... ...under an hour, and you can too. type in your business or idea. pick your favourite design. personalize it with beautiful images. and...you're done! and now business is booming.
options or table. what does that mean? to discuss that we're joined by former u.s. ambassador to u.n., fox news cryp contributor john bolton. >> time is so short, hard to see how any of them could work with north korea, we've negotiated with north korea for 25 years on this question. during which time north korea has repeatedly committed to giving up nuclear weapon program, and lied about it. my view, looking at history, there is no point in talking to north korea, they are happy to talk, it buys them time, they use to increase so physcasio -- so s so -- sophistication of the nuclear program.
you should exhaust diplomatic options, but what north korea did, by firing this missile over japan, demonstrating it could hit japan. and hit guam which would be within the estimated range of this missile, is they have not back down one irky o irky on iota, we have to consider military option, not because we think it a great idea, not because we want to run risk today, but because we don't want to run the risk tomorrow of the innocent american civilian population held hostage by this rogue regime. trish: we can't allow them to have that opportunity. i hear you on that. and president made it clear. we're not going to allow them that opportunity. he is already said that however. and yet they did this. so, what should our response be in your view, given they are temps fate this a way that
should not? >> don't over estimate north korea's political sophistication in the united states they see barack obama one day and president trump the other, they don't know much has changed. president should be ready on tuesday military option, it may get their attention, moving more assets closer to north korea, make it clear we're getting ready if we have to, to take out his nuclear capability, we have to work with south korea and japan, south korea and a live-fire exercise their time simulating bombing runs against the ar tilartillery that north korea has. a lot of that. trish: can i clarify something, you are taking about use military option, not going in to war. with north korea but rather, positioning ourselves so there
are things we could do should we neem to d need to do them. >> right, military option, from my perspective with north korea nuclear program, destroying the known nuclear facilities, the ones that we've identified in the past, destroying their ballistic missile bases, and submarine launch, it does not require a landin vague, it -- invatio invasion or iraq war, i would fair vor regime change if they out there was a way to do it. trish: i have talked about it before, you hate to see the potential for lives lost when it is this one person that we're struggling with. if we were to find some way, some mechanism, to remove him from power, and put someone e else in that would seems to
me, be the most logical choice, but perhaps the most impossible choice? given how protected he is. >> i think it will is second best to reunification. the actor who has not acted is china. china supplies 90% of north korea oil, they could prip bridge the rejust a moment -- they could bring the regime down, they are afraid of regime collapse. i think our pitch to china on diplomatic side is we can do this easy way or hard way. if you force an american president to make a decision, seeing a missile headed who knows where, who won't risk is landing on the united states or an ally, and forced to use military force, much of that is china's call, they need to think about that. >> absolutely. there and i lot we can do, ambassador john bolton thank you so much.
>> glad to be with. >> we're coming right back. stay with us much more ahead. >> hurricane harvey adding another item to congress members length to do list when they return in september. >> president trump heading to missouri tomorrow. to launch a bilg big push for tax reform, will republican leadership deliver allege latest victory for the president, much more ahead. stay with us. ♪ i founded lendingtree 20 years ago, and i've never seen a better time to refinance your home,
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hillary vaughn is in kingwood in northeast houston with the very latest for us. good evening, hillary. it's been a tough day and it will be a tough night. >> it will be a tough night for people who won't leave their homes or can't get out. you can see 7 french bulldogs. these pups are waiting for a home. their home was under water. but there are boats coming in with people, rescue efforts have much under way. the water is rising. this is the second wave of rescues. if we describe the first as people who wanted to leave their homes got out. but now people who passed on
boats earlier won't be able to get out. think about the hazards under water. not every civilian boat can navigate the waters because the current are strong. but you have mailboxes and fire hydrants that boats can here. the sheriff's deputy said his boat hit a light pole, capsized and the current was taking him away. he had to be rescued. the people rescuing neighbors in these homes are needing to be rescued. right now they are trying to get
as many people out as they can before nightfall. because we don't know how many boats will be able to get in. trish: it's tough to see all this and we pray people will be okay. national weather service reports 51.88 inches of rain there. a record. hillary vaughn, thank you. it will be a very long night for people there, a long week, a long month. even years. joining me now, tammy bruce and radio talk show host on new york's wor, mark simone. it's tough to watch all this. when you see those little kids, their parents are carrying them. what a traumatic event it is for them and in some ways the trauma for their parents is just beginning. so many of these people don't have insurance.
the average american doesn't have $500 saved up to deal with a situation like this. this is a situation nobody would have thought you would have to deal with. tammy: texas and houston within that framework know floods and what's at risk. but what we have seen is remarkable heroism. people in communities coming together to make the difference. the cajun navy with their boats. look at social media. people saying i'm at this address, come save me. financially, this is when federal government comes in, moving in to make sure our fellow sister and brother cities are taken care of. while no one would have wished this for americans, we come together with all the difficulties and accusations and
divisions being made. this is who we are. we come together, we make the difference. this is the america we are. this is the america other than what has been argued the last couple months. trish: this is a reminder how much we do care about each other. no matter which side of the political aisle you are on. you want them to succeed in this mess they are in. that should be the priority. to politicize this in any way i think is a huge mistake. >> i was watching a couple of the fake news channels and melania wore the wrong shoes. this is worst than we know. houston does not have the normal soil we have in the northeast. it's clay.
it doesn't absorb the water. hurricane and difficult hit the northeast five years ago and we still haven't recovered. we don't know the loss of life. all we know is who has been able to call for help. trish: you think of hurricane katrina and the loss of life that was so extreme. i'm hopeful and taking heart a lot of these people they were able to rescue. so far they seem more encouraging not less the week is not out. >> when this is over the infrastructure damage costs will in the billions. trish: our president is a builder by backgrounds. this is what he does. this city will need a lot of rebuilding. you talk about the federal government being there. you could be looking at significant costs. but hopefully we have some people there who know how to do this.
the one thing you don't want is the mismanagement of funding. tammy: we all have a focus of what needs to happen. the politics will be dealt with later, but so will management of this dynamic. this an individual who is not beholden to the political games and the back and forth. if he knows what needs to be done. he knows about time lines. the faster you get things done in business, the better for the company. this is the mentality of the president. the president is doing a great job because americans are look to someone to reassure him. melania is fabulous in every dynamic she has abroached and what she has been -- she has approached. the americans will see this couple especially in a crisis. he assistant first lady are
doing a great job. trish: tax reform. he will be talking about it tomorrow. will it get lost in light of texas? >> it's needed more than ever. tax reform done correctly will generate revenue into the government. tammy: because of the resistance to the president in congress they will get perhaps some cuts. but it's another reminder of the importance of the average individual having as much money in their own pocket so they can make choices about how to live and where to live. trish: coming up next. president trump issuing a new warning after north korea fires a missile over japan. gordon chang will talk about the latest provocation and a whole potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this.
potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)
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chang, an expert on north korea and china. thank you, gordon. this is getting alarming, shall we say. we spoke earlier with ambassador bolton who feels we are out of diplomatic options. it's been too many years and we are dealing with the same thing over and over like grounds hog day -- groundhog day. >> the chinese and north koreans won't listen until the united states imposes costs on them that are too much to ignore. the bank of china. trish: they have a branch a couple blocks away. >> enormous branch. i don't know why they have
access to dollars. the united states can declare them a primary money laundering concern. they would be out of business everywhere but china. trish: unless you are sanctioning china, and we saw the administration sanction one bank. but there is a whole lot more that can be done. if we mean business here, and i think we do. shouldn't we be willing to do more? >> certainly. it's not just bank of china. the industrial bank of china is the world's largest institution. trish: the president allegedly said in a recent meeting that he wanted his economic advisors to come forward with tariffs on china so we can level the
playing field on trade. would tariffs do it or do we need to do more than tariffs. you need to do the whole range of things. if you had tariffs. we started a 301 investigation 10 days ago. if those tariffs were high enough to counter china's intellectual property theft, we could put the economy down. >> it seems we should want to do this because of security reasons with north korea. why haven't we? >> everyone is worried because they think we need to integrate china into the international system. i don't think we need to be worried. we are the trade deficit country. trade deficit countries don't worry about trade wars.
besides, we have a much bigger economy than chinas. we are not geared to selling things to china, but china is geared to selling things to us. trish: we have the upper hand. >> absolutely. and we are afraid to use it. if we were willing to take steps to impose costs the chinese would see we are serious about protecting the american people from other threats like iran. and north korea. trish: be sure to check out lou's new book with coauthor jim born. fans of the show are absolutely positively loving this book. deplorable patriots tweeted, putin's gambit, * fascinating read. you won't be able to put it down.
keeps you in suspense cover to cover. up next. president trump doing his west to reassure the country that the federal government will help those in need. watch. >> there has never been anything so historic in terms of damage and ferocity as what we have witnessed with harvey. trish: houston's mayor imposing a curfew from 10:00 p.m. to a curfew from 10:00 p.m. to 5:00 a.m. to insure public
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trish: authorities are ordering an evacuation for all residents within 1.5 miles of the alchema chemical plant after harvey knocked out power and flooding swamped the backup generator. texas has 51.88 inches of rain. earlier on my program reporter jeff flock met up with a houston resident surveying the flood damage inside his home for the
very first time and i just had to show you this. >> i want to give you that look. >> this is this first time in his home. wow. >> i don't know if you can see. it is dark in here. the water must be 4 feet high. you tried to get thing up. >> i didn't think the water would get this high. >> i never thought this was going to happen like this. can you get all the way back here? >> we actually just cooked a meal saturday night and were in the process of getting out.
reporter: this is what people's homes all over houston look like. trish: he was in the middle of cooking dinner and they had to rush out. they had a number of household pets they got out. it's clearly a challenging time for all those resident. for more on the president's response to harvey and the political storm over taxes and spending. we have "washington times" charlie hurt. charlie, you saw the president say there in can on the ground, he's heading back this weekend. what's your impression of him being there so soon and how do you think he did in terms of being able to show the leadership people need right now? charlie: it was smart of him to go down there quickly and go down at some distance from houston so as to deputy trait he
doesn't want to -- demonstrate he doesn't want to get in the way of rescue efforts and the work being done to get people out their homes to safety. i think that's very smart. in a lot of ways, this is where donald trump is at his best. throughout weekend it was front and center in his mind. he sent out a lot of messages on twitter and had numerous statement about the preparation. no one can accuse hip of not taking -- accuse him of not taking this seriously. trish: there are those arguing that. they just can't help themselves. i think it's horrendous to do that at a time like this when texas need the president. texas needer single one of us to be there for them. and to politicize it like that
is simply inappropriate. but i suppose it's all the pundits know how to do. charlie: when you look at the footage of all these wonderful americans from all overcoming with their boats, volunteering their own time to go down there and rescue complete strangers, and their dogs, people they would never have any reason to know but out of the kindness of their heart to go down there and help somebody out. you juxtaposed that to a place like in washington you have these politicians carping at one another. they are trying to politicize it. and saying donald trump doesn't mean this. we'll see if they get a package together to help people in texas. it's so despicable. voters look at that and shake their head.
we are so sick of it. trish: they are sick of it. if you are president of the united states, the one thing you want to do is help and help in any way you can. i think he should be commended. commended for that response. let's leave the political bickering until later. this is the time when we need to be united in our help for these people that clearly need it. taxes, those will be on the agenda tomorrow. he will be speak at a manufacturing plant. there are some that may question, texas is happening, why are we talking about taxes when we still are in the midst of this texas challenge. but there is a way i would think and tammy bruce did it so eloquently to link these two together because it's talking about economic fundamentals. making sure people have what
they need and keep what they earn so they can take care of themselves and their families. >> when i look at that footage all i can say is nothing is more important than those people having more money in their pockets and for the entire region. doing everything you can to spur economic growth so people get jobs and make more money at their jobs so they can do what they need to do to pull out of this terrible, terrible mess. i think that this is a real test for republicans in congress. they utterly failed, they humiliated themselves and fell flat on their face when it came to repealing obamacare after 7 years of promising to do something about it. trish: it will be a tough night in texas. i can remember my little kids going through sandy. and to this day when they see
the rain coming down they remember what it was like being displaced from their home for three week. there are a lot of little kid train three we have breaking news this morning. hurricane harvey. shutdown from flooding from the storm. cheryl: president trump on the crying yesterday in texas is that the governor and state officials praise to his relief efforts but not today heading to missouri to talk about cutting our taxes. lauren: the market watching all this. yesterday shrugged off the latest threats as kim jong was more missile launches. nasdaq up 11. cheryl: in europe, stocks bouncing bk te