tv The Evening Edit FOX Business December 4, 2018 6:00pm-7:00pm EST
connection to waishes an issue but this is a separate the conversation. >> facebook is a target as well. david: that was a wonderful discussion. great hour. that does it for bulls and bears. we'll see you tomorrow. our expectation is phase one will be implemented immediately. >> we have to make sure there is enforcement on any so-called agreement. >> that's part of the negotiation with specific time frames fan specific commitments. we are covering more ground than ever, they are more cooperative than ever. >> there will be penalties if china doesn't meet the timelines in the commitments. liz: a report china says it will
stop i.t. theft by its companies by punishing any company that does it. president trump warning china he's not back down from being a tariff man. now for the deadly riots over the socialist elites in france imposing big taxes on fuel. 400 arrested. enemy lenials and unions in france had it the new tax, now france is casing. kimberly strassel is out with a big warning over all you global elites.
non-citizens about twice as likely as americans to be on welfare. nearly 2000 thirds of non-citizens getting some kind of welfare. we are on it. a key congressional hearing into pay-to-play at the clinton foundation delayed again. a new lawsuit alleges the obama justice department did try to shut down the fbi pay to play probe of the clinton foundation. thank you for watching. money, politics. we have the debate behind tomorrow's headlines. i'm elizabeth macdonald. "the evening edit" starts right
now. president trump saying if they do not get the china deal done web is a quote tariff man. edward, it's a high-stakes showdown. reporter: it is. the chinese government released an outline of what it defines as a company that steals intellectual property. the punishment is barring trade and still national security advisor john bolton says the u.s. must verify any changes the chinese claim to make. >> is there a path forward to reciprocal trade with china?
sure. reporter: it's been signed by multiple agencies in the government including their supreme court. there is encouragement within the administration. still donald trump tweeting he is a tariff man. he says when countries come to our country to raid your great wealth, i want them to pay for the privilege of doing so. >> it gives the markets the requisite time. it's silly for the market to react due to rumors in the air. liz: great reporting there, sir. come back again soon. heritage foundation polici'
advocate. he's going to get a deal done, 90 days, 92 days. the critics on wall street say he's not an idiot, he'll get a deal done. >> no one want to see an 800-point drop on the stock market. but the u.s. has been ignoring china for more than a decade. their currency is hurting and their stock market is tumbling. liz: what may be troubling in china, the yuan undercuts the
tariffs the up s. would be hit with. i think the president is trying to ask for the moon, throw the a getty at the wall. >> i think it is the right step. he'll be successful getting into this trade dispute. what the market is reacting to is this mixed messaging coming from the white house. the president said in the documents from the white house, the negotiations will be 90 days. liz: what do you make of china's new punishment for i.t. theft in they are talking about companies that steal intellectual property. >> i think the chinese are
playing a game and they want to run out the clock on president trump. whether it's the china 2025 or 2049 strategy. they want to be the preeminent military power and economic power in the world. whoever the next president will have to stay on china for the next century. this is who we are facing economically and militarily. liz: they are in a recessionary mode, right, ford? >> the yuan is hurting as well. they know it's work and they are trying to find a way to wiggle out of it. it's working because we are the largest consumer of their goods. liz: trade has been a problem forever. now we have nancy pelosi dissing the nafta agreement.
congress does have to sign off on nafta. the president pushes forward on the deal. this will be the fight come january. how are the democrats going to react to fix the trade problem? >> i don't know about nancy pelosi, but i'm a prince fan and trade fan. lighthizer will have to negotiate with china, the e.u., and the u.k. with the house that's a majority democrat, it will make it harder for him to address the things we want to do in a timely manner. liz: tariffs are getting passed on to small businesses. i think the president doesn't
want to hurt his voter base. he want to get a deal done. >> i'm so old that i remember when democrats thought tariffs were good and they fought for the american worker. that statement by nancy pelosi is the reason why americans want president trump in 2016. migrants try to break through the tbhoashed tijuana. >> this caravan is costing businesses in tijuana millions of dollars. the customers simply where not coming. >> we are people that commute a lot to the u.s. and back. and when they close the border it bats everyone around. still our clients that always
come, they don't want to take the risk in getting stuck here. reporter: some people are not waiting for the asylum process to cross into the u.s. this family from guatemala was caught on tape. it's a family of five. the children, 2, 7 and 10. one of the children suffered facial injuries and was treated by customs officials before being taken into custody. liz: the republican congressional committee says its emails were hacked during the 2018 mid-terms by an unknown entity. it did notify the fbi and an internal' investigation is under way. now, you should check your
freezer for ground beef. the massive recall just got bigger, double 12 million pounds. ' watch out for jbs-usa products that date back to july. now universal pictures announcing a new fictional movie in the works based on songs from the late rock legend prince. ' producers say it's an original story based on prince's songs. the protests in the paris. president macron is delaying the fuel tax. everybody had it it. kimberly strassel is with us and she is fired up on that story. president trump hitting democrats with the numbers. reminding them how much this
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liz: president trump slamming democrats over the cost of illegal immigration. tweeting quote, could somebody please explain to the democrats our country loses $250 billion a year on illegal immigration, not including the terrible drug flow. this report is based on census data, and 60% of non-citizen households are more likely to be on welfare than citizens. ways your reaction about this story. food stamps, taxes. >> this is extremely expensive
for the country. that doesn't include state costs of healthcare and educating every non-citizen. it doesn't account foreign the cost of criminal justice issues. it's expensive federally and locally. what is going on in california? it has the highest public welfare costs yet it wants to expand its state welfare program pled , programmed called medi-cl to cover all illegal immigrants. this will hit the wallet hard. >> it makes no sense for the citizens of california to continue to expand coverage form
non-citizens. for the governor to say he's going to back off on the national guard, he's putting his own citizens at risk. liz: the u.s. state side versus tijuana and elsewhere in mexico, let's get to this story. congress still divide and funding for the border wall. so, sir, do you think we'll see a deal in the dead of night right before christmas to get a border wall? you i'm never optimistic about what congress is going to do. but obviously coming to some kind of agreement would be helpful to my state and the entire country. we are hopeful some type of funding gets through and we can secure our border. >> this isn't something new.
it's been going on for centuries. in the 19th century people getting welfare, they are having children born here, they become citizens. in the last century, there was a tough line approach. if you are trying to get in here for welfare, you got kicked out. reuters is reporting that 25 migrants have broken through the border the -- the border at tij. your take in all of that? >> i think it people you talked about in earlier times understood the incentives. if you provide resources to people, of course they will come here illegally if they know they can stay and there are huge
benefits from healthcare, education and welfare. we are creating massive incentives for more illegal immigration. liz: how dangerous is it to get here with a child and travel through the various country to the get here? >> it scares me for these families and young children. it's a danger to risk these young kids going through all these countries, mexico, and they have to deal with the border as well. ken paxton, come back soon. americans from all walks of life streaming toifnlt s. capitol to pay their last respects to george h.w. bush.
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liz: tomorrow the nation will honor president george h.w. bush. for now he lies in state at the capitol rotunda. former senate majority leader bob dole. 95 years old. he gallantly stands from his wheelchair to salute his friend. both heros in world war ii. both shot at by the enemy. ordinary men who did extraordinary things for their country. tomorrow he'll be transported to
the washington national cathedral for the memorial service. great to have you on, jennifer. would you like to share with us one of your fondest memories of working with president george h.w. bush? >> sure. though it's an embarrassing one. it was the first time i was introduced to him. i was brought into the oval office and i was introduced as a new speech writer having been promoted as a speech writer. and my mind went blank. i was hemming and hawing and wasn't automobile to put together a coherent thought. he smoothed over the awkward silences and filled up the time and made me feel very comfortable. he had that skill.
not just with the junior speech writers. but he had it with heads of state and former political enemies and heads of state. he was able to make up with bill clinton that he had a very, very testy campaign with and became good friend with him. when they are look back at their political and personal legacy. at times like this, we try to remember the best and how they may have inspired us to live our own lives. liz: kindness and humility, for to you give us that story. that's great insight into president george h.w. bush. mr. baker remembers his friend and former boss as consequential presidency.
>> you look at the fact that he was able to manage and end a peaceful end too the cold war. that was a huge, huge accomplishment. liz: the clean air act, the americans with disabilities. he accomplished a lot. >> he did. but i think perhaps we don't tend to give him as much weight as he deserves in part because he didn't value the message thing. he didn't value communicating as much. i think there is a common vice president syndrome that a lot of vice presidents struggle with being in the shadow of the president. if they are lucky enough to have the opportunity to try to continue that legacy they often go too far in the opposite direction. i think having been 8 years with president reagan, he saw speech
writing as almost an indulgence and vanity. he moved the speech writing department out from the west wing to the old executive office building. he never really met or spent a lot of time with the peach writers. i think we can look at that as a virtue that he was very you a 10 particular. but at the same time it did limit his ability to convey to the larger public. for some 0 reason he didn't really value or feel he was obligated to communicate with them in that way. i think that was unfortunate. liz: how will you remember his presidency? >> that's a good question. i choose to remember his presidency in part on a political scale. i think on one level we need to
think of why it is people align themselves into political groups. and on one hand he made a promise of not raising taxes, read my lips, no new taxes. and beyond that reason he was a one-term president was because he decided to break that promise. the most of important principles of why presidents come to seek higher office. but i also -- what a great example he was as a human being. not just as a father and husband. think what a great example he was in terms of longevity. 94 yeergs years old. our -- 94 years old. our longest living president in history. he valued productivity.
kind of anger on the streets. the carbon tax was to be used for economic investments. they were raising the cost of living and cost of work for many french people. the prime minister says the people's anger must be heard. but the measures would not applied until there had been proper and further debate. new taxes like these would raise $15 billion. the government is saying this will be covered by spending cuts. it remains to be seen if the protests will end here. many people believe macron's presidency is simply too
damaged. ambulance drivers, airing their own grievances. macron has a 23% approval rating. he campaigned on the policy that he wouldn't capitulate to these protests. but now some feel he's at the whim of the protesters. it appears now very few of his policies will get through. d.c. sits up and takes notice. she is right here in the studio. great to see you. you have been write being this global push for carbon taxes. does raising taxes stop global
warming? >> of course not. the fuel tax will cost consumers $8 billion euros a year it's a huge enormous tax. its contribution to get people to stop emitting co2 from their tail pipes is so miniscule you need a calculator to figure it out. they signed on to the paris climate accord. but in the broad sweep of things as people say again and again, without india and china and the major polluters being involved, all of this is token. liz: india and china are not in the paris accord so they are polluting. >> even some of the bigger things the polluters have agreed to are minimal and no one *
thinks they will take concrete steps. where you have 20% unemployment among the youth that you would impose these tax, of course french certain seasons are furious. you have got the socialist elites like macron top down on taxes that hit the poor. hugely regressive. millennials are out in the streets no testing. this is right now france is in the news. but this is happening globally. you are seeing a revolt against carbon taxes. across europe, in germany, a huge backlash. belgium has been doing copy cast protests. you come up over to north
america, ontario last year, earlier this year elected throughout a guy specifically because of his promise that he would do something about carbon taxes. the guy leading the conservative party in canada, this on what he was elected. arizona killed a new push four for renewable energy. people understand the cost of this. and it's being visited on the least economically advantaged and they are tired of it. everyone promises they will put it into a carbon mitigation scheme, but it doesn't. it goes into boondoggles. so we have had this discussion in this country. the leading proponent on the republican side in florida on the carbon tax was that we'll it
back into the economy for the lowest income americans. liz: alexandria ocasio-cortez equated the fight about this against climate change to the civil rights movement. i don't see liberals selling their beachfront mansions because of climate change. let's take a listen to alexandria ocasio-cortez. >> this is going to be the great society, the civil rights movement, the moon shot, of our generation. that's the scale of ambition this movement will require. >> like a lot that comes out of alexandria ocasio-cortez's mouth is disconnected from reality. the tide is going exactly the
opposite. one reason we haven't had this happen is our politicians have done a good job especially on the conservative side. places like france and germany it wool got pulled over a lot of voters' eyes. but here we have. she is talking about 100% renewable energy. up in arizona where i said they voted down this renewable initiative. it's taken now 6 years to get to 7%. that's required a 30% increase in electricity prices. imagine wait would take to get to 50. we are talk about thousands and thousands of dollars for electricity taxation to use renewables that we don't need to use. >> the steel industry crowd, it
goes into the infrastructure grid. and they don't pay for infrastructure. what's going on with the yellow vests. >> it turns out france has some sort of rule that you have to carry these reflective vest in your car in case you have a roadside emergency. i just thought it was so classic that they are wearing these yet another regulation in plains they shall wearing them as a symbol of their frustration. liz: "the intimidation game," a "new york times" best seller. catch kimberly on fox nation's "deep dive." gas prices tumbling down 55 days in a row. guess which state has the
cheapest. missouri. 26 states have at least one station where gas is less than $2. a new push to get to the bottom of whether the obama administration shut down the front clinton foundation. the outfit called judicial watch is suing the justice department. joe biden says he's the guy to be president of the united states for the democratic party. our panel picks it up next. the further into winter we go, the heavier i get. and while your pants struggle to support the heavier you, your roof struggles to support the heavier me. crash! and your cut-rate insurance might not pay for this. so get allstate, you could save money and be better protected from mayhem like me. mayhem is everywhere.
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wishers there. this cause a day when bob dole stood from you his wheelchair and salute his friend. 94-year-old george h.w. bush. this is why they are called the greatest generation. this is how they are showing the nation the example of respect and humility and kindness. bob dole was shot with a machine gun which germans. george h.w. bush was shot out of the sky in the pacific. president george w. bush and the first lady laura bush are in the capitol. >> his life was about a life of service. it wasn't just how can i win the presidency. you are talk about a world war ii veteran,ing a congressman, a
u.n. ambassador, and made his life about serving his country and his family. unfortunately that generation is gone. because everything now is about me me me. i tip my hat to george h.w. bush. he was one of the finest americans ever alive. liz: george w. bush is the coldest child of george and barbara bush. they were married 73 years. they are the longest married presidential couple ahead of jimmy and ross land carter. >> i have been married 7 years going on 8 years. i tip my hat to anyone married for much longer than that there is.
barbara bush just sits there and waits for president bush to come home. they put up that picture and said i'm sure she's at the gate waiting for him to come home. you could see she was tangibly moved by the moment. there is george w. bush hugging well wishers. you know, the other thing that's interesting about george h.w. bush. he, the last living president who was a vote ran of world war ii. the ordinary men who did extraordinary things for the world. bob dole stood from you his wheelchair to salute his friend. >> that's something we miss in this country. understanding what public service means. serving something greater than one's self. bob dole and bush 41 are from a
bygone era. hopefully we can have that national pride. they did things that people today could never fathom doing. liz: ordinary men doing extraordinary things. president obama award president george h.w. busht medal of freedom. he's the first sitting vice president to be elected to the presidency since martin strand buren. so there is a of history with this family. >> the fact you have a bush, just his legacy. and we see that transition in front of our eyes. i think this year has to be one in our country where we reflect on both sides of the aisle with
the passing of bush as well as mccain. there is an era in american politics that is dying. it was warm to see a 95-year-old man stand up, even though he could not salute. liz: is it really dying? i think our country, people firmly believe that there are heroes still among us like the bush family willing to step up and believe in civic virtue. >> i think a civic virtue is a lost item. when we look at our life, our neighbor, our friend, our family, we need to say how can we make this country better. most of people seem to be caught up in short-term things about how can i make my bank account better and make my facebook better. we need to realize without this
country we are not all going to be here. liz: jenna bush with tears in her eyes seeing her grandfather lying in state. jeb arrived with his wife with colunba. >> there are heroes among us but right now we don't see that. we see people punching across the aisle. we don't see that level of respect against one another. the rhetoric in this country has completely changed. this is a time to reflect how do we get to the place where that rhetoric is dialed back. liz: the bush family is the second president to be the father of a president. we had one with john quincy
adams. >> it's rare. bush 41's greatest gift is his family went into politics and the civic arena. it's not just his son. you look at his cousins, uncles, nieces. even his grandkids in the media. america is not big into dynasties, but with it many aimed at a purpose that's bigger that one's self you have to tip your hat and thank them for their service. >> jenna said each of his grandchildren thought he loved them the most of. >> my mom does the same thing with my children and my sister's children. it's about making everyone in
his presence feel as if they have a place in his life and feel as though they belong. we heard stories over the past weekend. individuals who were disabled saying he met them. and showed them there is a place for them in this society. that speaks to the landmark he's going to leave behind. liz: we have news coming in that prince charles will be traveling to washington, d.c. for george h.w. bush's funeral. he's the heir to the british throne. he'll attend wednesday's funeral. it was a tweet at clarence house, the residence of prince charles. he'll arrive with his wife camilla the duchess of cornwall. what's your take on that, the prince of wales will be attending. >> he may not been a one-term
president. but one of his achievements was foreign policy. he was vice president when the u.s. and britain thad had their strong jest relationship. i think bush 41 told us personal responsibility, respect for the office and civic virtue. liz: we are look at pictures of jenna and laura bush, the twin sisters embracing the flag. the queen and prince philip visited george h.w. bush's family. he was the first british monarch to visit texas.
>> this is how president george h.w. bush touched people not just in the united states, but around the world. the amir of kuwait came to the re continue today to pay his respects. so he came and paid his respects. so this president seemed to be able to connect to people on a level we haven't seen during this cycle at this point. but he was a very hardman inside. he stuck to his guns, stuck to his virtues but only cared about that other person. one of the stories i heard was during his inauguration was with president ronald reagan. president george h.w. bush had an overcoat. he saw one of his aides did not have an overcoat. he gave his coat to that aide with the argument saying he
didn't want to look puffier than president reagan. but he stood in that freezing weather and took the oath of office. it shows with that family as you look in this room, the bush family greeting everybody. president george w. bush shaking the hands of people offering their condolences. it shows what george h.w. bush instilled in the family. liz: president george h.w. bush cared so much about serving the country that he enlisted in the navy on his 18th birthday. this was a year after the japanese attacked pearl harbor. >> he heard that call to action and came in. i saw interviews with the president about him being shot
down. he said through his entire life what affected him the most of not being shot down by the japanese, and not being rescued. but the two airators killed through that that he could not save. it's why he carries a special place in his heart for especially the men and women of the military. liz: profoundly powerful moment of the first lady and george w. bush with their children visiting and paying respect and honor to president george h.w. bush. your reaction to this? >> as we remember president bush and his service to the country, we need to also remember what a pro foundingly decent -- a profoundly descent father,
and -- -- descent -- decent dedt father and he set a -- an example. we are all tempted to think of this in terms of politics and political legacy. what could we take away from this as individuals. the key to a successful life are found in many of the examples president bush set for us. liz: these are sad moments, but they are also healing moments, right? >> they could be. they should be. but we need to be careful. you know. we can remember president bush and his finest qualities. but i noticed a little bit of a
bent in some of the commentary people want to go praise president bush as an opportunity to take digs at others. let's try to keep the focus on him and his finest qualities. that's what we do as speech writers. liz: you have an insider much there. president george h.w. bush guided the world. he did the americans with disbults act. he -- disabilities acts. he worked on acid rain and brought in the clean air act. we come to honor him and we realize this is what he did for us and the world. >> excuse me? liz: it's interesting he accomplished so much in term of legislation as well. >> he did.
some of which were signature accomplishments and great things. but if he had not accomplished some things like raising taxes. liz: thank you so much and thank you for having us in your homes. lou dobbs is next. >> lou: good evening.we have a . our top story is a major selloff on wall street. the dow jones industrial, s&p, the nasdaq all falling more than 3%. the dow plummeting 799 points. bank stocks hit hard. bank of america, citigroup, all down more than 4% of the day. regional banks even