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tv   The Intelligence Report With Trish Regan  FOX Business  April 16, 2018 2:00pm-3:00pm EDT

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drug. it reduces risk of death in some cancers when combined with chemotherapy by 51%. that is a shattering development not only helping the shares but lifting spirits of many, many cancer patients worldwide. trish regan right now. trish: thank so much, neil cavuto. i am trish regan. this is the telebense report. -- the intelligence report. ♪ trish: all right we have a big, big rally right now. up 307. not bad on wall street as investors react to president trump's comments. gdp is soaring. we're bringing back jobs. people like the sound of that. plus a little less fear of a potential trade war. the liberal mainstream media doesn't see it this way. they don't see it this way at all. my intel what they are missing coming up. plus my one-on-one interview with world-renowned economist jeffrey saks who sames the
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president's tax plan will send the economy into the gutter. really? to connell mcshane in miami-dade county where the president wrapped up his small business roundtable speech. connell. reporter: this is a chance for the president to focus on comments he is comfortable about. get out of washington and get away, at least from the time being from stories bothering him. whether the new book from fbi director james comey or the legal questions surrounding his personal lawyer michael cohen. at this event it was squarely on what we expected it to be the tax plan of the take a listen. >> if for any reason they get, meaning democrats they will raise this high and terminate this out. i will veto it. but eventually they want to terminate and raise your taxes. and we can not let that happen because this country is starting to rock with our businesses coming back in. it is starting to really rock.
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reporter: the president joined on stage here just outside of miami by some local small business owners who talked about the people they have been able to hire, the money they have been able to save because of the president's tax plan of the just as he was wrapping up he shifted to -- top aches little bit to talk about trade and call out friends and enemies alike. >> we lose tremendous number of job and money with almost every country we do business with. an in many cases our friends are worse than our enemies in terms of trade deals. they're being renegotiated. we're straightening them out. reporter: the president talked about specific countries who he says we've been losing to because of trade. the usual suspects you heard him talk about in the past. he called out for for example. but interesting at end he mentioned japan as one of those
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countries. starting tomorrow two davis -- days of meeting with prime minister shinzo abe. trish: i am joined by world-renowned economy jeffrey sachs. the economy is in pretty good shape. apparently no one knows that look at this brand knew poll from the abc news and "the washington post." 46% of those polled approve how the president is handling the economy. and 48% disapprove. it is interesting because the point of comparison i want you to see what obama's numbers were around the same time period, 49% approve, 49% disapprove. roughly the same here. but i got to tell you our economy is in a very different position right now than it was during obama's tenure. you think about gdp growth on average, 1 1/2%. you compare that with 3.1%. i will take the 3.1% thank you
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very much. we have the market being challenged last couple months, certainly risen considerably far more than any one-year time period than during the obama administration. there is a lot to be positive about. why aren't people recognizing this more? consumer confidence numbers are up. consumer sentiment numbers are up. so clearly the american public is feeling better about something but maybe they just don't want it give president trump credit for it. maybe that is because the media doesn't want to give the president credit for anything. which takes me to the comey interview over the weekend of course. i want you to watch this excerpt is in particular. >> did you tell him that the steele dossier had been financed by his political opponents. >> no. i didn't, i didn't think i used term steel dossier. i talked about additional
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material. >> did he have a right to know that. >> that it had been financed by his political opponents? i don't know the answer to that. it wasn't necessary for my goal. trish: you don't know the answer to that, james comey, whether or not some piece of, opposition research should be mentioned as opposition research? isn't this the whole problem behind the fisa warrant? that they never bothered to tell the judge, it is opposition research? maybe you ought to know where this quote, unquote research is coming from? the president didn't deserve to know that? it gets to the central theme right, whether james comey at fbi. whether andrew mccabe. whether it be journalists in mainstream media. they don't like him and can't do anything right. even if there are economic measures in there actually good for us and our economy. we'll have much more coming up including ed rollins who will join to us react to more excerpts from the comey
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interview. i want to point to another sign the economy is doing well. retail sales are up. they are rebounding a solid 0.6% in the month of march. bank of america reporting beating on earnings, beating on revenue. here with reaction rose cliff founder and managing partner and mike murphy. paul dietrich. that is the kind of monday you like to see. does it continue. >> the story is, you know, before the tax cuts the consensus earnings estimates were about 11.2%. after the tax cuts the current earnings estimates for s&p 500 are 18.4% which is enormous. the untold story about this, that no one's really been talking about is that over the last 10 days we're seeing the first tax cut earnings that have come out, the price earnings
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ratios are changing. if you look at the trailing 12 months it will not be very much. if you look at the forward pes, it is enormous. right you in as of friday, the forward pe for the s&p 500 was 16.4. its long-term trend is 16.1. so what's happened with the tax cuts changing the price earnings ratios and quite frankly a flat market for the last 3 1/2 months, we're at fair market value. last year we were talking about the market being overvalued 20%. it is no longer overvalued. trish: then, getting back to my first question was, does it continue, that makes it awfully more challenging for it to continue if we're catching up to fair market value? >> i think it can continue if the earnings can continue the growth trajectory we're on. i think one thing we haven't touched on so far is regulation. although companies are putting up better numbers, a big part
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especially when you look at banks, happens to be the regulations that were stifling banks for so long the last eight years. they have been removed to a great part. so now banks can go out to operate a business for profit again which is okay. they're putting up great numbers. the pullback in the banks recently after strong earnings quarter is a great opportunity for people. trish: that is dependent whether or not they deliver on the expectation going forward because if you're saying we're fairly valued right now, it will all be now about what is next what will bring us forward, do you agree with mike the lack of regulation, i shouldn't say the lack of regulation but the lack of hefty regulation when it comes to the financial sector will benefit it? >> it is benefiting not just the financial sector but everyone in the united states. and the earnings will continue, one, because of the tax cut is making earnings go up this year. the consensus again, from 11,000 analysts is that the market will
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go up 16% over the next 12 months. now, you have a fair market value which is, meaning that you're buying stocks at fair market value. and you will have a 16% increase in the s&p according to fact set consensus analyst reports on friday. trish: but, okay, yeah, a lot of this is great. i hope it all comes true. that said, mike, what about the threat of this, you know, possible potential and viewer knows where i stand on this but trade war with china? >> i think the trade war has really been much ado about nothing when it comes to the markets. the president, the administration has been out to negotiate better trade deals for u.s. companies. when you're investing in the u.s. stock markets which we're referencing, it is basically u.s. companies. yes, they sell across the globe but they are u.s. companies that will have better earnings if they have better trade deals globally.
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trish: you don't think you take a hit in the near term because part of negotiating those trade deals, china you want to throw tariffs on soybeans so be it? there is reality what happens immediately and what happens five years from now, right? >> that is when we've seen last few months of the market has not responded to strong earnings. we're in a very choppy, volatile market. that has a big part to do with it. people, investing public today is not used to this type of negotiation is. they're used to us giving in more. now that we're standing up for ourselves. some people are concerned. i think it is a positive. trish: go ahead. >> the definition of what is long term and short term. the president proposed these regulations or these trade tariffs. it has to go through the office of several offices t has to go then for public comment. we're looking at eight or 12 months before they would be ever be enacted.
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over the next 12 months you will not see any impact on the tariffs because it will take eight or 12 months for them to be enacted, if they're enacted. trish: some would disagree with that. steel prices already started to move higher. by the way, we had no inflation, right, for decades? it may be an opportunity for people to start raising price as little bit. they certainly have taken advantage because we have seen increase. >> that would be a good thing. we haven't seen any inflation, to use paul's numbers, ticks tone times price earnings multiple on s&p i would rather invest in the market at this price growing 3.1% than a market at this price when we're growing 1 1/2 or 1.7%. i think the set up is positive for the overall u.s. market. trish: booed stuff. good to see you both. days after launching airstrikes in syria, u.s. is considering sanctions on russia for its support of president
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assad. how will putin respond? what will he do to stop this animal from attacks his people chemical weapons. latest with the left using identity politics this time from joe biden. you will not brief -- belief what he said. stay with me. anna and mark are heading into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife.
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trish: oil prices falling you can see right there. oil, sweet crude it's down more than 1% right now as western leaders suggest syrian airstrikes are over. all of this after the price of oil spiked last week on fears that the syrian conflict would stop oil production in the entire region. let's go to jeff flock in the trading pits at the cme. he is watching oil. has a guest alongside him. good to see you. >> no better guess than phil. why, phil? we're down because we expected -- >> mission accomplished. it was really a surgical strike. usually when you get a move like that in oil, we rallied almost $6 last week a barrel, everybody thought, oh, my gosh, if the mission goes well oil prices will crash. being down 1% really shows you
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there is an underlying bullishness in the market. >> you've been preaching to this for a long time. i always argue with you. everybody is awash with oil. why are we at 65 or $66? >> were awash in oil. there is this thing called demand. all of sudden global demand is strongest it has been in 10 years. >> part of the strength of the u.s. economy? >> people don't believe global oil inventories first time in 10 years are below average in the united states. you have a very small cushion above the five-year average. >> before we get away, gas prices, that is where it hits us. >> right. >> want to put the numbers up, steady increase, you're telling me we'll not see low gas prices for a while. >> if you're mad about the snow, that may help you on gasoline prices because a lot of people can't find their car. they won't fill it up this week. that may slow the rise but a lot of placeses in the country will talk three dollars a gallon or
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more. >> you may have not gotten the memo. we had three inches of snow on my car this morning. good for natural gas maybe, not so much at the pump, trish. trish: better you than me. we had rain in this area. >> headed your way, headed your way. trish: great. jeff, thanks so much. phil, thank you to you as well. president trump, everyone, cheering on the u.s. military's precision airstrikes in syria tweeting could not have had a better result, mission accomplished. is it really? all of this as the white house preps to hand down additional sanctions against russia for its support of assad and the syrian government. are we doing enough here to really make a difference on the ground? joining me with the answers to that fox news military analyst colonel date hunt. good to see you, colonel. should we be doing more, are you comfortable where we are now? >> it really depends what is the strategy, what is the real mission. the context of this is pretty simple. the syrians with the help of russia and iran have won that
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war. it is all over. just a small section of rebels in one part of the country. we shot 4of -- 48 missiles a year ago, between that event last april and this april, we shot 105. the syrians launched 12 attacks on their own people. we did not wipe out all the precise, as we've been doing it 17 years, we can go from point a to point b to kill anybody in the world but we're do what we're told, the military. we were not told to wipe out the syrian capability of using chemicals. the reason for that we didn't go after the russians and iranians backing up this regime and can reconstitute whatever we give them. it was a great mission with pinpoint accuracy. i'm at a loss to figure out what the actual strategy was. trish: you know, we talked a lot about this on the show.
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one of the concerns if you get rid of bashar al-assad together, you're out. we're not going to tolerate, the world will not tolerate you using chemical weapons on your own people therefore you're out you're then in the situation very akin to what we had in iraq, where chaos ensues and sometimes the devil you know is better than the devil you don't know, i hate to say that, that may be part of the thinking if we say we want him gone we need to be committed to actually removing him. that, all that it would mean taking on russia, taking on iran, et cetera? >> here's the issue. you're right, but if you decide to take out the, for example, in this case assad, which by the way we did back in 2013. the last administration along with the saudis i think that is part of what we're seeing, if you take out assad, you, whoever does the take-out, have to have somebody standing there waiting
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to take over. otherwise you get another iraq or libya or you get a yemen. trish: yeah. >> i don't think after 17 years of war with the war on terror we have the stomach, probably shouldn't have to do another ground war which is what this would take. trish: you really would have to all all your ducks in a row so to speak. you need to know what the plan is next. that is the we should point out the president arriving in palm beach. for viewers he is expected to disembark. back to the colonel here. we, we made a rash decision, perhaps because of the time with faulty intelligence we thought we had to. but then the difficulty that ensued was indeed the challenge that we now still face and that is the rise of isis, which was created from that vacuum there in iraq. you could say maybe we shouldn't have gone in the first time. but we did. and we're still, in some ways paying the consequences of that.
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so what have we learned from iraq. how will that govern the president's decision, with syria? >> the isis issue is almost done. we're never going to eradicate isis but we did take capital away. pushed them out of iraq. they are almost pushed, although they still have an area in syria. the lesson is this is world war on terrorism. we need the entire world to participate. we created this war. 98 million refugees. 25 million are kids. the syrian one alone killed over 600,000. the u.s. on the ground is not the answer. we've done this for 17 years. it has to be the rest of the year helping. on this particular airstrike which was well-done, the british and french threw a couple with us. you didn't see anybody in the middle east participating. this was 98% well-done u.s.
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operation but again what is the end result? assad already won this war and russians get a base and iran gets influence. trish: maybe the end result we are looking for is to actually have assad not be attacking his own people as he has. that he knows if he does such a thing we will respond and it should deter him from doing it in the future? >> we just did that though. we did that in april with 48 missiles. we just did it with 105. and, no consequences, great operation. so we bomb them again because they will do this again. the issue has got to be not just assad but the russians and iranians. doesn't appear it me that is a bridge too far. if you want to get at russians, they got the economy of italy. could you crush them economically if you really wanted to. trish: i agree with you on that. colonel, i'm a big believer on
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that. i would be much rather in a situation we're losing dollars as opposed to lives. >> losing guys, right. trish: so many young soldiers, that sacrificed their lives, nobody is out there by the way lobbying for them. the -- >> only 1% of the country doing that. you're right, only 1% of the country is out there. that is fair point. trish: maybe operations will take some pain, we have trade wars, et cetera, i sure hope we explore all of those avenues, and inflict that economic pain before we start sacrificing our own soldiers, our own troops. colonel, always good to see you. thank you for your perspective. >> you're welcome. trish: we have breaking news out of california. market is up 250. california, the state once again trying to stand in the president's way you could say and this time the ap is reporting that the state has rejected a plan for national guard troops to go to the border as part of the president's national security directive. california officials say the
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work is considered too closely tied to immigration enforcement. that is part of reason for this. you know california, the state itself, many of the cities there have declared sanctuary status. so this is an ongoing issue politically speaking in california right now. the dow is up 251. we're off the highs of the session. nonetheless pretty good gains. i want to go next to our adam shapiro to look at what financial advisors are telling their clients. what do you do if your 401(k) is losing serious ground and you're retiring in the near future? we have some advice. stay tuned. i will see you here after this. knowing that the most important goals are yours, is how edward jones makes sense of investing. where we're changing withs? contemporary make-overs.
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jo rally lives on. big board, 24,599 is the level. market sees all kinds of swings lately. it is only 2:30. who knows what happens between
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now and 4:00. what is the volatility during to your 401(k) plan? what is it doing if you have to retire next couple years? what do you need to be doing? our own adam shapiro is in nashville, tennessee for the national 401(k) summit. he is here to tell us what everybody is telling their clients across the country right now. hey, adam. reporter: hey, a quote from old "mad" magazine. don't panic. the national association of plan advisors people associated with among other things your 401(k). they advise people look, volatility is part of a natural market. roughly 50% of the labor force in the united states with access to 401(k) still need to fund it according to these people. listen to what jana stout said about it. >> we're getting phone calls with the recent volatility, what do i do? first thing i say if you've already been properly asset
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allocated don't do knee-jerk reactions. stay the course. the biggest factor somebody has to not having enough money when they retire is just not saving enough. reporter: i want to show you a statistic. this comes from the folks at fidelity. they say the average 401(k) balance is around $104,000. depending how much you plan to live after you retire that determines what you need to retire with the 401(k). people are looking at target date fund as means of being very i am peace sieve investing in a 401(k). it doesn't come with a any type of guarranty. here is jason roberts from the pension resource institute told us. >> they are not guaranteed. when you're default the into one of those vehicles or plan sponsors selects menu of investments generally, they're held to a fiduciary standard of care. reporter: i see the lawsuits coming. >> that is with i'm afraid of. reporter: so again, if you're able to, the caps on 401(k)s,
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if you're 50 or older, you can contribute an additional $6,000. that is the catch-up every year. for most people the cap is 18,500. during tax reform they did not remove the tax deferral on that. so it is still tax deferred. back to you. >> thanks very much, adam shapiro. former fbi director james comey giving a scathing interview ahead of the release of his tell-all book but it is one piece of information he chose not to tell the president that is calling into question whether or not all of this is nothing but pure politics. i will explain after the break. [fbi agent] you're a brave man, mr. stevens. your testimony will save lives.
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exoneration long before he talked to her, lied before congress. then based his decisions on his poll numbers. disgruntled he, mccabe and many others committed many crimes. this comes as james comey said there is some evidence of obstruction of justice in the president's actions and trump is morally unfit for office. that one has me a little stumped since i wonder when does james comey decides what is moral or fit moral especially since his ethics were called into question because of his leaking. i want you to see this exchange this, question, answer to me was perhaps some of the most shocking of this interview and it does not speak well for james comey. >> did you tell him the steele dossier was financed by his political opponents. >> no. i didn't think i used term steele dossier, but additional
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material. >> did he have a right to know that. >> that it was financed by his political opponents? i don't know the answer to that it was not necessary for my goal. trish: i don't know the answer to that? i mean, that political opponents financed what is largely now a fully discredited piece of garbage and somehow that wasn't relevant to mention? isn't the whole issue with the fisa warrant, that they didn't think it was important enough to tell us where the research was coming from? come on. joining us is fox news contributor ed rollins. >> thank you. trish: i just think if i'm head of the fbi and i'm coming to the president and saying this stuff about you, i might owe it to him to tell him where the stuff is coming from. >> equally as important he had an obligation to the fbi, if that was, as he says later the source of all what was started was this young kid was a volunteer to the campaign and
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got drunk in london and bragged to the australian ambassador of great britain that we have all these contacts in russia. in 35 seconds you could disprove that, he was not anybody but an intern and was not a very significant person. the mere fact that bill clinton's communications director? trish: papadopoulos, forgive me, stephanopoulous. >> i promise no one in either one of those families ever voted for trump including the fbi director who shade my wife and my daughters were basically big hillary -- certainly families are different. but reality is. he whose an obligation if he is going to do an investigation on the president of the united states to make sure it is empirical. every bit of information that comes for the is empirical. that means it is backed up before you go forth with the
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fisa. and before you go forth with investigation. to say the president is morley corrupt, that is outrageous. that is an outrageous statement. trish: so who made him -- >> who made him god? that is a judgment call. and the thing, the worst part of interview there was no new information. if you were a trump supporter you're not going away from trump. if you are a supporter of hillary clinton oh, we knew that all along but at the end of the day, it was not any new information. he did not defend his agency and he basically, i think did himself and agency a great disservice. trish: see, kind of confirmed then to me his inability to defend his agency. his admitting that he never bothered to tell the president where the darn dossier was coming from. all of these things kind of speak to perhaps the worst characteristics we have heard about him. character traits that is. that he is in it for himself. he is in it for james comey. he is in it for this book and i
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want to share with you what he told congress when he was asked about how all this information was coming out in the first place? remember they were concerned about fbi leakers. let's roll at that tape. >> look it's true, i'm the one who testified about it, that is how people know about it. i gave that unclassified memo to my friend and asked him to give it to a reporter. that is entirely appropriate. trish: i remember watching that hearing and being so shocked when he just said, yeah, i called my friend at columbia university professor said here you go. this is classified information. yeah he is no longer head of the fbi but willing to turn it over to the "new york times"? >> the truth of matter he is uncomfortable in a meeting with president. he is presidential appointee. if he was so uncomfortable he should have resigned. if he was so uncomfortable in the meeting that he said last night should make him uncomfortable he should report
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to the attorney general. mr. attorney general, this is just what went on. i want you to know this. he didn't do any of that. my sense he basically let his agency run amok. he did not investigate thoroughly the hillary clinton thing saying it was sort of accidental inappropriate accidental they did the emails. they deliberately hid the emails. they didn't want that on the public record. my sense the book will sell, not going to get reputation back and certainly not hurt the president of the united states anymore. trish: ed rollins, thank you very much. >> thank you. trish: the white house is reportedly planning to escalate pressure on china with more tariffs. will that tactic work? are we headed into a trade war? the market doesn't think so. but i am acting world-renowned economist jeffrey sachs next.
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>> we're renegotiating nafta which was probably the worst deal ever made in the history of trade but with china we're at 375 billion-dollar trade deficit. so we started a process and we'll see how it ends up but we're going to win. trish: that was the president just talking a short time ago there in florida at a small business event in the last hour and this is happening as new reports say that the trump
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administration is planning to increase the pressure on china but threatening up to $100 billion in additional tariffs on chinese goods. all those things we like to buy at all mart. the white house is expected to release new details on tariffs as early as next week but my neck guest says the president's trade policies are quote, reckless and will make the u.s. less competitive in the global marketplace. joining me now, my pleasure to see him here, economist and columbia university pronegative jeff sachs. >> good to be with you. trish: why do you think this is so bad, the potential trade war, i don't actually think it will get into an actual trade war but sticking up for ourself here on these tariffs with china, why in your view is that negative for our economy? >> i think there is a basic misunderstanding the president unfortunately has which is he thinks when we run a trade deficit it is because the other side is cheating on us, but we're running trade seven dids with most countries and the reason is, we don't save very
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much in this country, so we consume more than we produce. we're buying more than we produce. we invest for than we save and that is what a trade deficit is. it is not that this is nefarious dealings of all these countries. it is that we don't like to save in this country anymore. you know, we don't like to delay gratification. we like to have big budget deficits. trish: have to get elected every two years. >> you have to get elected they keep cutting taxes though they can't pay the bills of government. what that does mean is that we consume a lot. we don't produce as much as we are demanding in total of consumption and investment. so we buy more imports and we run trade deficits. and that's really the point. it is a kind of a mistake of analysis i'm sorry to say pretty important one. trish: i will challenge you a little bit on this. >> thursday. trish: it may maybe trade deficit not the best metric. >> we'll start with that. trish: standard of living here
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in the u.s. you look how wages have not kept up with inflation. i know this has been a big concern of yours. you're very concerned about the american worker. and i'm going to ask you whether you think the policies of the last couple decades and i will include the federal reserve on this as well, have resulted in rewarding those with capital at the expense of labor? what i mean by that, jeff, big corporations have a lot of say in everything and the wealthy have gotten increasingly wealthy. a lot of the poor have gotten more poor. >> right. trish: we're finding ourselves what i call an hourglass economy i think that china contributes to that in that, many corporations they want access to that 1.3 billion people market. >> yeah. trish: so as a result, they're willing to make tradeoffs that maybe you wouldn't make as a government because it is not good for us 20 years down the road but it is good in the near term for earnings? and you show your investors,
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we're selling in the chinese market. that is all good because you don't care about 20 years from now. you only care about the quarter so walk me through that angle how china many solve these trade agreements have actually disadvantaged us? >> i think, you've got a very good point but i don't think that the conclusion is a trade war and here's why. you've said it exactly right, trade has tended to favor capital and hurt workers. but it expands the overall size of the economy. there is a basic principle that trade raises the size of the economy and the u.s. economy has grown but the part going to workers has not. the part going to capital has. the usual answer that trade economists like myself have given for about 175 years is, have trade because that expands the pie but tax some of the capital to make sure that the workers take-home pay is good.
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that is an internal problem. you identified exactly the right problem, that trade has income distributional effects but because it raises the size of the pie, the overall amount of the economy, the answer isn't to shrink the economy and stop trade. the answer is some redistribution. but like you said our politics has gone backwards in this country, by the way on a bipartisan basis for a long time. we give tax breaks to the capital who are swimming in money, and we cut the social spending on the workers and therefore we distribute from the poor to the rich even after trade has expanded the income of the top so this i think -- trish: but this tax cut, i hear you on the corporate side. >> yeah. trish: some of my frustration, this tax plan was not perfect, part of my frustration he actually went after some americans, and i would argue wealthy americans, americans
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that live in high-taxed states like california and new york and places like this, and so they can't deduct their state and local taxes anymore. so in some ways they are actually serving to subsidize the corporate tax cut. but middle class and lower classes they actually got a more sizable tax cut than wealthier individuals. i guess it is not enough for you. i understand this and sympathize this, it was so big for corporation. >> not even that the tax cut is worse than that. it comes back to the original problem we're talking about. we gave away money the government does not have because it is not paying bills right now. as the recent report of the congressional budget office showed the deficit has gone from 23 1/2% of g -- 3 1/2% of gdp to 4%, to 5%. we'll have trillion dollars deficits. easy for politicians to say, hey, take some money but how
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long can we go on doing this. >> i completely agree. i have no idea we're doing this. >> we can't. >> fall of rome, there were economic reasons at end. they could not afford to doing what they are doing, jeff, you have been very outspoken on syria, i have a little time left. you don't like us being over there. you heard from the colonel he wasn't sure what we're doing over there because we don't want to get rid of bashar al-assad. where do you see this heading? what is your concerned? >> president trump has an instinct let's get out of there quickly. then all of the security establishment says, no, no, we can't do, that then the russians will gain, iranians will gain so forth. the president's instincts are correct. we should leave because we're not accomplishing anything except continued bloodshed and war but without results. "the wall street journal" today we were looking at editorial, unbelieve ab, the better u.s. strategy is to support regional opponents of iranian imperialism
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and try to turn syria into the ayatollah's vietnam. that means more bloodshed, just forget syria and their interests. we just need to make a new vietnam in the middle east. this is a disaster. it costs us lives, money, security. and the president is right. let's get out of there. trish: concern if you get out russia is the player in the middle east? and we sacrifice on the oil front? where do you think it all is stepping from? >> i think it does stem from the idea we get to decide who every country's ally is and any place in the world and if russia is anywhere, oh, my god, we have to be at war! that mind-set is a disaster for us because we can not keep russia from having allies in other countries. we can not keep iran which is right there from having some influence in the region. but it is exactly what you say. the mind-set is, oh, my god, if
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we're not at war, russia will do this or that? how many wars will we have until we go completely bankrupt? trish: back to the rome example. >> pleasure to be with you, thanks. trish: we'll take a quick break. i will be right back. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife.
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you just heard from jeff sachs. very well known. we are dealing with an hourglass for coming. the problem exists and
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everyone wants and needs to fix this right now. how much is trade. i don't think they in pennsylvania. where he was very careful not to disagree with the president on certain points. one in pennsylvania. just to work with the democratic party. and they would like to see more tariffs. is that changing and some way.
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and hopefully increase that over the 2016 election. if to make a very nuanced argument about it. if you've a 32nd campaign ad you can usually get it out. good to see. liz claman, over to you. we have some breaking news there are some serious questions being raised in the last half hour as to why at the treasury department has not yet announced additional sanctions on russia that were promised by u.s. ambassador nikki haley. on face the nation. relating to the involvement in the deadly chemical attacks in syria. today we don't know when they will be coming out. president trump according to the washington post is rethinking it mission accomplished

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