tv Lou Dobbs Tonight FOX Business April 6, 2018 4:00am-5:00am EDT
market. here's lou. ♪ >> good evening, everyone, i am trish regan in for lou dobbs tonight. these are the top stories we're following, president trump taking his america first policies directly to his base, receiving a very warm welcome in west virginia, the state that delivered him the largest margin of victory in the election. the president ditching his prepared remarks on tax cuts, really ditching 'em, literally throwing the paper away, and instead hitting a whole wide range of issues including trade, illegal immigration and send anything the national guard to secure the border as apprehensions surge. we're going to take up the battle over border security and republican leaders' refusalling to fund the border wall with freedom caucus chairman congressman mark meadows. also tonight as the trade
deficit grows and grows, the administration now considering $100 billion of tariffs on china. the president looking to reverse the so-called free trade deals of his predecessors which transferred trillions of dollars of our wealth, american wealth, to china. we got that tonight. this push for fair trade, reciprocal trade with two of the top political analysts in the business, mr. ed rollins and charlie hurt. and new revelations about corruption within the fbi and the justice department as more text messages emerge between peter strzok and lisa page. judicial watch president tom fenton is here, and he's going to talk about the deep state subversion tonight. joining me right now, congressman mark meadows, a member of several key committees including foreign affairs and overnight and government reform. so good to see you. >> great to be with you, thanks. trish: it's my understanding that you heard a few things
about this director andrew mccabe's termination. why'd he go? >> well, i mean, obviously, most of that information is confidential, and as we look at this, i think the big narrative is, is that it was not a political decision. it was a decision by his colleagues, and, you know, we're finding additional reporting tonight that would suggest some of those colleagues were very close to andrew mccabe. and in that testimony, it appears that they find that his lack of candor was consistent not just once, but several or times. and so hopefully at the end of the day, the narrative that this was a politicalling decision to discharge -- political decision to discharge andrew mccabe will go away. trish: you know, we've learned a few things here ourselves here at fox through an in thive source who's saying some of these new details about his termination surround the fact that he was, he was let go in
part because they felt that he, i quote, lacked candor under oath. his lack of candor was also there not under oath as well as improper disclosure of nonpublic information. you know -- >> well, i think probably the big thing, trish, there is anytime that you have the fbi leaking information to the media, it's just not appropriate. in this particular case, you know, i wish i could say that it was confined just to andrew mccabe, but i think the inspector general's report in the coming weeks you will find that it's a systemic problem within the fbi. here's the other thing that i'd like to point out, you know, chairman goodlatte had a subpoena that has really compelled the department of justice and the fbi to give documents to not only congress, but to make sure that our oversight committees can do the proper work. today there was a noon deadline,
and that noon deadline came and went with no additional documents being delivered. the only thing that was delivered was a phone call. and i just find that justin beyond reasonable in terms of the oversight responsibility that we have in congress. it's time that we get to the truth and the more details that come out, the more troubling the narrative is. trish: certainly unsettling. let me turn to our border right now. >> sure. trish: it's our understanding that this caravan has broken up which is good, but, you know, it's still concerning that we're getting reports that the number of people that are seeking asylum has grown significantly, significantly. and i've got those numbers i'll share with you. but also the fact that we have a 200% surge in the month of march, congressman, in terms of people that are trying to get into this cup. why all of a sudden? -- this country. why all of a sudden? >> i think the narrative when donald trump was running for office and when he was
inaugurated and put into office, the message got spread far and wide that our borders were going to be closed, and it was not going to be this amnesty and this daca provision that would continue on and on and on. as we have failed to deliver on some of those campaign promises -- and i would put much of that responsibility on congress more so than on the president -- the message is getting out and says, well, our borders are still open, still come on in to the united states unchecked. i think we have to send a very different message. the president was very clear on that, and with additional border troops with our national guard down at the southern border, hopefully it'll send a different message to the caravans that are anticipating some time arrival within the next few weeks. trish: yeah. you can understand maybe they'll think to themselves. congressman, it's important to get in now because if the borders do get locked down significantly going forward, it's going to be that much harder and, hey, maybe you can
get in now and have a shot at a path towards citizenship. you mentioned that the caravan, additional caravans are still heading towards the border, and i was talking about asylum requests. in 2013 only 1 in 100 migrants claimed asylum. now the most recent statistics, representative, show that 1 in 10 are claiming asylum. are they trying to take advantage of our legal system, of our willingness to hear these asylum cases in order to get into the country? >> well, they're doing two things. one is, is they are taking advantage of our generosity and the compassionate nature that has long been the history of the united states in terms of those that are seeking asylum can come here. so they're taking advantage of that. but they're also taking a spot that perhaps the true asylum seekers will not necessarily get welcomed into our country. what happens is now we've got to determine between what is real and what is not, and it has real
life consequences. and so when you send out -- i mean, listen, you could go on the internet, you can find other areas where they actually have coaching for how to actually get to the border and say that you're seeking asylum when it is that well known we have a problem with our system. and that's what we have to address and, hopefully, we'll do that in the coming months. trish: so 2-4,000 national guard troops on the border, will that help, is it enough? and what is your view of the fact that it's actually coming to this? >> well, you know, it shouldn't have to come to this. and really when you look at it, we need to fix our immigration program. we need to actually build the wall the president wants to do. the funding that was allocated just a few weeks ago, two weeks ago, you know, the $1.6 billion is a fraction of what is actually needed. and so as we look at doing true
border security -- and so whether it's a wall or a fence or anything else, now we know that it's national guard deployment on our southern border. we have got to figure out a way to make sure that our borders are secure from from a national security standpoint but also that what we do is, in doing that, that we fix our broken immigration process that has been broken not just for the last decade, but for many decades. i believe this president -- in fact, i know this president is serious about doing that. that's why you see him taking the actions that he's taking. it's time that congress helps him out with that. trish: we'll be watching carefully. thank you so much, congressman, good to have you here tonight. >> thank you, trish. trish: coming up next, everyone, president trump blasting one of the most vulnerable dems in the senate during a west virginia rally. we're going to take up the potential impact on the midterms with ed rollins right after this. ♪
voted against -- no, it was bad. i thought he would be helpful, but he votes against everything, and he voted against tax cuts. you're going to have a chance to get a senator that's going to vote our program, that's going to help you in so many different ways, and you're not getting that help right now. trish: manchin is considered one of the most vulnerable democrats in midterms. president trump carried the state in 2016 with 68% of the vote. joining me right now the best political mind in the business, ed rollins, former reagan white house political director. >> thank you. trish: now a hofstra university senior presidential fellow and a fox business political analyst. it's good to see you. >> nice to be with you. joe should have switched parties a long time ago. [laughter] his state has totally switched from where when he started, a republican state to an overwhelmingly republican state, and i think he's going to have a very, very tough time how manying on there -- holding on there. trish: what's going to be the
biggest issue for him? >> tax cuts. he's been a good campaigner in the past, but he's kind of gone away from his base, and you've always got to remember where your base is. this is not a personality contest, this is really who you're going to vote for, and the people of that state care about trump's policies. trish: the president was playing to the base today. >> absolutely. and he won by 20-plus points in that state. trish: we saw him tear up the script. can you believe they wanted me to read this? it's so boring. [laughter] let me go with, effectively, my gut here. >> trump's never boring. trish e trish but some did not appreciate or like the style they sawed today, but does it help him in a place like west virginia? >> sure, it does. it's real. you know, the reality is the public is getting used to trump. trump is getting used to the job, and even though they didn't want him -- not the die january hard liberals, he's not the crazy that they thought he was going to be.
he's tough, host done a solid job of moving the economy. the country's not had a strong leader in a long time, and he clearly is the first businessman in a long time. and he has great appeal. trish: you say that people are getting more comfortable with him. the markets increasingly, you know, are trying to become comfortable. they've, at various times certainly throughout the last couple months, been very uncomfortable in part because they don't like this threat of a trade war, and tariffs are very concerning to them. what would you tell -- >> well, the first thing i would advise -- not my place to advise this president, but what i would say is he's the leader. he's the one that makes the decisions. he's got some new advisers that are very capable people, friends of mine, but they have to be on the same page as he is. you can't go out and basically say the president says this, and we're not going to have a trade war, we're not going to get out of syria, we're going to do this. he's the leader. help him make his decision. once he makes the decision, go out and sell it. and the market has to basically understand that this man in the long term is going to be in
their best interest. this tax plan is, this trade negotiation that he's going to undertake are in their best interest too. trish: do we need troops on the border? >> do we need -- trish: do we need our national guard on the border right now? >> i think it's important. it's not a long-term solution. the long-term solution is build that wall. but i think right now when you see the increase and this rush to get across the border, 37% increase this last month, obama did it, bush did it, no reason he shouldn't do it. and it makes people focus again on the need for that border. trish e trish but he's taking criticism that, shall we say, president obama certainly didn't take. >> well, at the end of the day, he's a tough guy with, a lot tougher than most guys are. [laughter] he's, as i have said over and over again, this is a president who's probably never going to be overly popular during his term, even though he was at 50, 51% today. but people are going to look back and say, my goodness, he was a good, strong leader. trish: much like the guy you used to work for, right?
>> absolutely. they criticized reagan, said he didn't know anything -- he had eight years as governor of california, and he was a strong leader, stood up to the russians and basically changed the world. trish: you mentioned standing up to the russians. this is a president that has now kicked out 60 diplomats. he's certainly not getting too much credit for it because i think the thinking is still there was somehow some collusion here. >> there was no collusion. and i think the reality is this was his campaign. this was a unique campaign. i've been in a lot of presidential campaigns, this one was very unique. [laughter] bannon said he was the chief strategist, we couldn't collude with our own state party. [laughter] this was all about trump, and trump made this campaign work, and my sense is the fact that he wants to sit down with putin or xi, those are positive things. that's what -- and at the end of the day, what comes out of it is a dialogue, and at the end of the day i'll bet on him in any trade deal. trish: yeah, it's amazing, and we've looked at these, and you see all the tariffs that are put on our goods going into high
that. right. -- china. >> right. trish: we don't do the good thing. our cars going over there get hit with a 25% tariff. they want to send a car here, it's 2.5%. >> when i first went to china in 1988, they didn't even know how to fix a scotch drink in the hotel bar. i had to explain to them. they didn't have computers, anything. in 40 years this country has just, boom, and they've done it on our backs, and we basically have to make sure that every deal we do from now on is safe, they can't steal our technology, they can't basically shortchange us. trish: and if we don't get serious about this now, what does it mean 10 or 20 years -- >> well, 10 or 15 years from now just by their size, they're probably going to move to the forefront economically. and the only way we're going to stay with them is to make sure that our deals are first and foremost and that our farmers are taken care of, our manufacturing is taken care of, our technology is taken care of. we're still way ahead of them in technology, and we can't plett
them steal it. -- let them steal it. trish: well, they are stealing it. and companies are giving it willingly, they'll enter into joint ventures because otherwise they can't do business in china. one of the concerns, ed, is that a ceo is so focused on whatever the bottom line's going to look like in three months that they're not thinking about what things are going to look like in 30 years. >> well, he's looking out for the american taxpayer, the american citizen. they're looking out for customers, potential customers in foreign lands. and i think it's very, very important to separate -- i don't tell ceos they shouldn't go there and try and sell their products, but at the end of the day, someone has to look out for the american worker, consumer and someone has to look out for american technology, and he's going to do that. trish: it's such an interesting thing because i think traditionally when you approach these things from sort of the econ 101 textbook example we'd say, okay, we want to keep growing the pie for everyone, right? free trade, globalism, these are
things that make our country wealthier and china wealthier. but it may not be as simple as that in that there are some trade-offs, and if china continues getting bigger and bigger or and bigger and bigger as an economy, they're also going to represent, i would think, a larger military threat. >> well, there's no question. no question that they're building their military. we need to replace submarines, and we need to -- and this military bill will do that. they've been doing that already, and they are, fortunately, they're not an invader, but they're a world power, and they have permanency to their government. xi will be there as long as he wants to be, and he's a very smart, very diplomatic -- inside, not necessarily outside -- guy. and he basically has now become the strongest leader in that country in a long time. trish: so you're saying, okay, i know what i want 20 years from now whereas our president can only look forward for the next four years, hopefully maybe eight years if he's lucky -- >> exactly. i've been to china 20 times. i've been very involved in the
chinese government. every place has a 50-year plan, and they stick to their plan. in america, long-term planning is lunch next week. [laughter] and it's just very, very important to understand that they basically have a plan, they're moving it forward. rebuild their military, build it more than it's ever been before, do manufacturing. i remember ron brown when he was the secretary before he, tragically, got killed. he goes over there with a bunch of technology guys, this was 12 or 15 years ago during clinton. none of those deals worked. they all signed them, but none of them ever came about. and as i always used to remind guys, the biggest building in beijing was a new telegraph, telephone, and if you think they were ever going to give that up to american companies, you were absurd. and there's no court of last resort to go to. it's all strictly this face to face that lawyers always want to come in and draw documents, and they always used to say it's all about relationships. where are you going to go to get your document enforced.
this is all about dealing, and they deal with strength, and they understand this guy's strong. trish: hopefully, things will start to change. ed -- >> my pleasure. trish: be sure to vote in tonight's poll, do you believe attorney general sessions should do his job and demand the fbi stop stonewalling congressional investors? follow lou on twitter, like him on facebook, follow him on instagram. on wall street stocks closing higher for the third straight session, the dow gaining 241 points, the s&p up 18 and the nasdaq up 34 points. volume on the big board, 3.2 billion shares. the trade gap widening in the month of february, topping $57 billion. and a reminder, you can listen to lou's reports three times a day on the salem radio network. coming up, new evidence president obama's top spy helped kick off the russia witch hunt. we're going to take the john brennan connection up with tom fenton of judicial watch next. ♪ ♪
trish: new information about the web of lies that got deputy director andrew mccabe fired last month. an even wider web of deception is reported. reporter: there are new details about the basis for andrew mccabe's determination. he was fired for three violations of the fbi's ethics code. they include lack of can doirnd oath, lack of candor not under oath as well as the improper disclosure of non-public information to the media. after the "wall street journal" reported on a possible conflict
because his wife accepted $700,000 from the democrats. he wanted to set the record straight it was mccabe's lack of candor about the media conduct that led to his termination. then director james comey said he never authorized the leak. in a separate development text messages between peter strzok and lisa page show strzok traveled to washington, d.c. to interview a key witness. the two fbi officials appeared to debate amongst themselves about what they will share with their superiors at the justice department when they return to washington, d.c. strzok writes i think we need to consider the lines of what we
disclose to the doj. there is no immediate comment tonight from mccabe's lawyer or the bureau. trish: congressional investigators are trying too to figure out what role former cia director john brennan played in the russia witch hunts. reid in august 2016 sent a letter to james comey demanding he investigate the russia connection, citing information that eventually showed up in the phoney trump dossier. >> what strikes me is how irrelevant the mueller operation toys the real scandal that took place in 2016.
you had the number two fbi director getting fired for his conducts during that period. then the top senior intelligence official using a cutout. the dossier was considered classified. we asked for these the documents and they have been telling us they can't confirm or deny they existed. but this is classified information and it was obviously dirt designed to make donald trump look bad. it shows you why the dossier is so -- it's such a key part of the scandal. fit was a serious document he wouldn't be leaving it to the media through the united states senator harry reid, mr. brennan. this is astonishing for all of this corruption, what is mueller looking at? whether or not paul manner to
the's suits cost too much given his income. trish: wow! >> i said that half jokingly. but i'm not too far off from the lack of seriousness as to what mueller is supposedly look at and his deep sea fishing on things irrelevant to the price of tea in chain a and this in your face corruption that doesn't have a special counsel osha prosecution we can points to it's a real ethics and rule of law crisis at doj and fbi. and not looks like with brennan the cia has issues, too. trish: given all this going on, a lot of administrations wouldn't be able to function have well. you wouldn't see a lot getting done. this always gigantic distraction from the task at hand which is
running the country. get we have gotten tax reform and seen economic improvement that's significant. we have talk of trade deals being completely reworked. i think that's a good test amount to the folks that are there as much as they are getting beatsen down. they are getting a lot accomplished along the way. >> the left made the political calculation to focus on this issue rather than the policy differences that were substantial they had with president trump. because they are focused on russia, president trump is able to proceed on tax cuts and all the accomplishments that he'll points to without much obstruction from the left because they are hyper focused on this russia scandal. not only was that a political mistake, it was a legal mistake because the left was the one involved in the corruption with
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trish: andrew mccabe got a little help with his legal efforts. the grass roots gofundme page was cooked up by a high-priced d.c. p.r. firm owned by a man who served in to both obama administrations. this wasn't just a grass roots effort it sounds like. >> there is no grassroots. it's simply a criminal cartel that spreads across the former obama official, the fbi, the former embeds of the d.o.j., the left-wing media. they spend more than a decade
building a network of strategic communications. ben rhodes called it his echo chamber. they are good at this. they are professionals. mccabe should be worrying how good his lawyer is, not about his p.r. trish: he does have a p.r. firm now working with him. let me turn to another big issue that's front and center on everyone's minds. the tariffs. i have been so struck by everything that you have said on this because when you look at china, it's too easy as a ceo to think we can make a little profit over the 1.3 billion people living there. but when you think of it strategically in terms of our national security, we have given up so much in terms of technology, and their economy
that continue to the grow and grow and grow may be doing so at the spent of us. walk us through it as a security issue instead of somebody's bottom line. >> we have hundreds of thousands of chinese nationals that have been issued 10-year visas to the united states. which means once they arrive at jfk, once they clear immigration, we have no idea where they are or what they are doing because it's 10 years of free movement. a large number of them are what we call unconventional intelligence gatherers. they are at think tanks, research institutes. because of these policies going on for decades, this isn't just the last administration. this is from kissinger on down, we have chinese nationals in some of our most of sensitive
defense labs. there is zero reciprocity. we don't have the opportunity to send our nationals to hang out at the defense labs in beijing. they are sucking up sensitive information, stealing tour classified information and sometimes they are involved in business practices, whereby u.s. companies want to be engaged and they give away their i.t. this is a national security issue of the highest order. trish: we are make the decision we want to be the world's largest economy and have the biggest military. if things continue on the path we are currently on, we'll lose that position, and we'll lose it very fast, won't we. >> we already are losing it.
if you look at purchasing power parity, guess what in the chinese economy overtook us two years ago. we slept through the sputnik moment. america woke one morning and there was a beep beep coming out of the stratosphere because the russians entered outer space. we had pour sputnik moment and they have already overtaken us in terms of purchasing parity. and the problem is, we are a democracy based upon three markets. what they want to happen in the politburo happens across all chinese industries. they are planning way out into the future. >> if you go to capitol hill or the white house we have increments of 15 minutes on the day planners.
they are flange centuries. the next stop is 2049, the 100th anniversary of the communist revolution, and they say they will have taken us down. that's just around the corner, trish. >> this isy tell people when the market gets crazy, you will deal with it now or our kids will be dealing with it. dr. gorka, thank you. be sure to vote in tonight's poll. do you believe attorney general sessions should do his job and make sure the fbi stops stonewalling investigators.
retaliation levying tariffs on coy beans, and whiskey. this is an issue we have been talking about a lot. it's a kind of thing where we are in a so-called trade war. but i made the point and the washington times opinion editor and fox news contributor charlie hurt is here. if we are going to have some kind of trade war, this is one that will win. you know why we'll win it? because we are the world's digest consumer of chinese goods. they don't consume a lot of ours. we consume their goods. if you are going to play this thing out, i gets get. it's painful for everyone. but the truth is they will be
hurt a whole lot more than we ever would. charlie: you are exactly right. china has a whole lot more skin in the game because of the trade deficit. but the bottom line here, i intelligent people can disagree about how to approach the present situation, the interview that neil cavuto had with larry kudlow yesterday was fascinating. they are very much at odds with one another. but even cavuto agreed that china has been taking advantage of america for a very long time. and that's what donald trump ran on. >> they haven't played fair. they have stolen our intellectual property and technology. they put tariffs on our goods, we don't put tariffs on theirs. if you are going to have a trade
agreement, it should be fair on both side. i look at it, my kids are going to learn mandarin next year in school. but that said, we have to be careful about making sure we still protect our place in the world. and a ceo doesn't care about protecting our place in the world 20 years from now. they care about protecting earnings for their investors three months from now. potentially haven't at odds with one another at times. >> absolutely. another thing i think is important to remember. for decade now politicians in both parties, maybe they pay lip service to all of this, but they largely ignored this problem and not made it a primary issue. you had donald trump who came along and not realize it was a powerful issue that matters to
people a great deal. but he's making good on his promise to do something about it. there is no greater shock on the system here in washington than when you have a politician who does what he says he's going to do to get elected. trish: how will they get through tax reform, getting tax cuts for the american people or rethinking trade agreements. to neil's point, it is challenging for those caught in the middle. soy bean farmers are a good example. that said, let's not forget soy beans are a commodity. and anybody can produce it. brazil produces a lot of soy beans so they will be selling them to china. and we'll be selling soy beans to brazil. that's kind of how it works.
charlie: don't forget the reason we sell a lot of soy beans to china is because chain today is unable to feed its own people. they need a lot of soy beans. they need them whether we have the trade war or not. i care about the farmers, but it's important to remember that -- trish: what i'm saying is while they may be negatively affected in the near term and that's horrible, ultimately as commodity markets shake out, there will be other places for them to sell and other needs. and, hawaii hey, maybe the price of soy beans ultimately goes up as a result of it all. it's an interesting time we are in for sure. and we have never seen any other president take this on. charlie: no, we have not.
specifically when it comes to our border and the prominence of national guard troops headed in that direction. is that what we need now? >> absolutely. most of of these illegals tend to be democrats. if they were conservatives, if they were tending to be republicans, you would see chuck schumer and nancy pelosi with a shovel building that wall themselves. mexico wouldn't have to pay for it, the dnc would pay for it. trish: do you agree with that, gina? >> 100%. the democrats exposed themselves at a certain point. america is looking at them. we want to do this more benevolent reasons. what america sees is a bunch of people going, my freg, they just
want those votes so bad. the fact they turned down the president's offer for daca for a path for citizenship for dreamers two times, this told us everything we know about where the hearts of the democrats really are. trish: it seems they have deserted those dreamer kid. they had an opportunity for the daca deal. you were talk about 2 million people that would have been given -- actual citizenship here in the united states. and the democrats won't even go for that? >> they don't want it because they want it as an elect issue in november. trish: maybe the president would be seen as a savior for the immigrant population and that's their territory, their turf? >> they made it in november to run on. they need that and the gunfight.
that's their two issues. trish: i love policy and i love economic policy, and i think these are the things that will matter. but too often politicians, especially ones like we are seeing on the left, they don't have enough policy chops to discuss that. so what do they resort to? the circus. >> i think the republicans are probably laughing all the way into the mid-terms. just like we had a president no one predicted came out of nowhere and created a new playbook. i think the mid-terms will look the same way. the democrats have no issues to run on. even the presidents who are running have run on president trump's coat tails.
if there is anything we can predict, it night not goat way mid terms have traditionally gone. trish: americans are willing to give him a lot of things. i'm not electing a preacher, i'm electing a ceo to run the country in the best possible way for our economy and our security. there is a distinction there i think a lot of americans have been automobile to make. as much as the democrats pound on us, he's a racist and any sowj tonight. that's -- racist and misogynist. you clearly aren't relating on an economic policy. >> he's the only one accused of hating immigrants while married to an immigrant. trish: thank you so many for
tuning in. always a pleasure. i'll see you tomorrow at 2:00 p.m. on the intelligence report where i am he day. good night from new york city. you probably saw that for many years no president wanted to go against china economically and we're going to do it. here we go again. the president says he's considering $100 billion on china's goods and china vowing to retaliate. >> the new trade news is slamming u.s. stock market futures. the dow is now tone over 200 points. it had been down more than 400 points. the volatility continues on wall t street. >wallstreet. >> it's been a rough week. we had green numbers.