tv Lou Dobbs Tonight FOX Business August 17, 2019 11:00pm-12:00am EDT
you'd like to share with us? we'd love to hear it. send me an e-mail or go to our website, strangeinheritance.com. >> good evening everybody. the people's republic of china is a nation with challenges, its economy in decline.the president xi jinping's leadership in question by many among the ruling communist party elite. and now widening unrest and demonstrations in hong kong. they are, protesters stormed hong kong airport for the second straight day. clashing with riot police and the departures on the airports canceled for a second straight day. people's liberation army moving to the hong kong border and president trump urging all
parties to remain calm. and a warning to the supreme court. topic radical dems in the senate telling supreme court justices to quote - heal the court or face a fundamental restructuring. one of the most bizarre warnings in history of well, the supreme court. in this country, calm is not the order of the day on wall street. outright investor exuberance rallyingthe stock and bond markets. the dow soaring into the trump administration announced aid a delay. the dow jones industrial almost a 400 points on the day. and on that news. with the administrations decision, edward lawrence reported from washington. reporter: the president decided to put some items under tariff on september 1 and others delayed until december 15.
large group go under tariff on the september 1. including milk and sour cream. they say they delay tariffs and other items until december 15 for health, safety and national security reasons. the list includes cell phones, laptop computers, video game consoles, toys and clothing. u.s. and china trade teams had a conversation this morning. no will progress on the trade deal but under that they still agreed to talk again in two weeks. we wanted to know china gave up anything to have the delay in tariffs. if the chinese commerce ministry if anything was given up. the spokesperson said basically no into china still refuses to buy u.s. agriculture. >> so far -- [inaudible]
reporter: the president still hoping china reverses course and buys from the farmers. the market today like this for two reasons. one, some tariffs were delayed until december 15. also, the two subject continuing to talk.lou: thank you very much, edward lawrence, from the white house. as reported the trump administration announcement today to delayed additional tariffs on some of the $300 billion of chinese experts the country set up a huge rally almost repair the dell surging 373 points, s&p 500 43, nasdaq jumping 163. -- largely hyped up trade
tensions with china. just to show you how silly the anti-terror -- the tariffs, since last july they represent are you ready? this is how big a deal it is ladies and gentlemen, .11 percent. of our entire economy. .11 percent moving trillions of dollars in market cap. that makes sense doesn't it? since those tarriffs were implanted last july the economy has expanded to the tune of $291 billion and the same time from the dow up almost 9 percent, the s&p up almost 8, the nasdaq up nearly seven percent. radical dems senate minority leader, chuck schumer, outdoing himself today. asking we are told the president to withdraw the $5 billion request for border wall
funding. i can imagine why he would do that. it would absolutely fracture the trump base. the idea is this, instead of using the money for border security he wants the president to use the money to combat gun violence and white supremacy. the president perhaps should tell him to find $5 billion to combat antifa, ms-13 and yes, illegal immigration. joining us tonight, the president of the national border patrol council, brandon judd. good to see you. let's start with the idea that we are looking at ever-increasing numbers of people crossing into the border. we are looking at 400 percent, better than 400 percent increase in families apprehended at the border. we are seeing very little talk about construction of the law almost radio silence on it. the base is getting a little
rusty i think it's fair to say. how about the border patrol what are we going to do now? >> and willie brought up chuck schumer. and i'm glad you brought up that is asking president trump to divert money to go towards gun violence and towards combating wiper supremacy. the fact remains, we have many people that are killed on a monthly basis by illegal immigrants, that are in this country illegally. why isn't chuck schumer stepping up and supporting those families? the angel moms and dads? why isn't chuck schumer stepping up and supporting all of those people who are victimized by illegal aliens in this country? he does not do that this is politics, he strictly playing politics and frankly i'm disgusted with that. as far as the ball goes, border patrol agents are aware the president is doing all he can within his authorities to address the resources that we
need. we've already seen a huge drop in the last two months and frank loosing up big drop in the last, the first humans in the week of july. president trump is doing what he can within his authorities to push back against the people of chuck schumer. lou: it is to me, a very strange situation. right now the president is moving obviously, he has made a decision about gun control. he is moving and talking about doing deals with democrats and the rino republicans of course who including mitch mcconnell. this is going to be a very big deal with the base. because this isn't who they elected. his daughter is out talking about her preference for gun control. she is now an advocate. talking about more, more illegal immigration. supporting h1b fees is doubling.
the president is taking a strange turn here. and a disturbing one for those who elected this man. >> and again, and part of that big base. my agents are part of that base. yes, we absolutely want to see him step up and do the right thing for border security. to push hard for border security. i look at this new rule that he just implemented. where you had to be able to support yourself if you will come into the country illegally. it's a great rule but says the message throughout the world. when i came into this as a young agent, in order to get a border crossing card, to get a 994 you had to be able to prove that you could support yourself in mexico in order to come into the united states. so these rules are good and that sends the message throughout the world that if you come here, you have to be
able to do things right. you have to do able to do things within our rules. and that does help in the border security message and it does help in the border security, we still need that wall. we have to be able to control the flow of drugs where they come in to allow us to be successful and i hope he continues to push very hard for that wall. lou: a tale of two immigration officials. first, citizenship and immigration services. tim cuccinelli. standing up and saying the new rule that you just addressed is, not a new rule but the enforcement is to require a basis for coming into this country that you would be able to be self-reliant. not a drawn honor society or welfare system. and unfortunately, the director of dhs, mcaleenan saying
basically thought interior enforcement raids on the seven plants in mississippi, he thought the timing was unfortunate. i've never heard anyone in law enforcement and on any level say our timing was unfortunate to enforce the law.are you kidding me? >> you can apologize for the timing. especially when that operation was in motion for over a year. they were investigating this. they would do what they needed to do but i like to go back to your earlier point. tim cuccinelli is absently standing up tall he is in fact doing with the american people need to do. and this is not just the base. i hope that everyone understands that president trump is, he is appealing the base when he brings in people like tim cuccinelli. he also speaks about the independents. the independents in the country
believe the rule of law, they believe that we have to support law enforcement and officers. they believe in all this and he speaks to them as well. he's a great person to have and is doing a good job. lou: and mark morgan, have to complement him. words do matter. that these are illegal, illegal immigrants, not undocumented. there is you know, i know, i don't know about you but i'm hopeful there is a growing strength within dhs that will be very helpful to the president and the nation. thank you so much for being with us. >> thanks for having me. lou: anti-sex trafficking activist -- says president trump has done more to address sex trafficking than any other commander-in-chief.>> these are incredible men and women
that help us. hsi, special response team, incredible people who actually go and keep america's children safe. this president has empowered them to do so. he's actually made this a topic in the oval office. lou: last year they arrested more than 1500 people at the border. for sex trafficking. 26 percent decline since president trump took office. the newly elected conservative president in guatemala says he wants to rework the recent third country agreement with the united states. the bill would require u.s. bound central american eagle immigrants to seek asylum first in guatemala. house speaker nancy pelosi was in guatemala last week doing everything she could apparently to influence the election and
support the socialist candidate who remarkably, despite her powerful presence, well, she lost. the illegal immigrant accused of killing molly tibbets in iowa last year now claims his constitutional rights have been violated. defense attorneys for christian rivera filed a motion charging iowa police interrogating him before he had contacted the mexican consulate. violating his constitutional rights. also moving his trial to a less white, more hispanic populated county. in iowa. coming up next, the justice department challenges a union of immigration judges.that is right did you know immigration judges have a union. and they do not like to work much. that seems to be the conclusion. what about that union? fact is, every insurance company hopes you drive safely.
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prisons and detention centers stop after recent demonstrations at offices from anti-i.c.e. activists and pnc courageously joining the equally courageous bank of america and j.p. morgan chase, wells fargo, suntrust. they have all cut ties to private companies running detention facilities. the justice department looking into whether to decertify an immigration judge union. you probably thought judges don't have unions but immigration judges do. and that union has repeatedly criticized the trump administration. an issue whether figural immigration judges can legally be in a union. the federal labor relations authority is criticized the presidents plan to oppose quotas and that deadlines on the judge's. to actually work to create results. to deal with the massive, massive backlog of immigration cases. janice and i, for two years attorney general, matthew
whitaker. great to have you here. >> thank you glad i can be here. lou: i did not realize that immigration judges had a union! >> they had a union and when i was chief of staff and acting attorney general, the union resisted a lot of our plans to reduce the backlog of seven, eight, 900,000 pending asylum cases and all were asking, the average immigration judge carries more than average of 700 cases or closes per year over 700 cases. the union set standards they have to do less than average and it will be one of your sort of management standards to go by. and they resisted it. especially in these high-volume districts where we are seeing a lot of the asylum cases being filed. and they will continue these cases over and over. we worked tirelessly and issue attorney general opinions and i know bill barr has kept doing these attorney general things to streamline the system and bring it back to the rule of
law. yet under some control. so the court has issued an opinion regarding whether there management or whether they are sort of worker unionized over sec administration law judges and i think this is an application of that to these immigration judges.to me, it was something that we were working on and i was really gratified to have them announced they were going to seek to certify the union. lou: if there told the president of the nicest to go to hell, it seemed like to me they will have a hard time proving their case that they are just workers. i mean it makes no sense. to assert that kind of dare i call it, privilege in this day and age? and then claim that you are just a worker be? >> immigration courts have a lot of authority. often times judges, all of this
is within the department justice matters but ultimately the attorney general he sets is kind of the supreme court of the immigration courts and has a lot of authority to set precedent. and a lot of the judge's did not like some of the president that general sessions and barr has set. to get rid of private rights of action. lou: it is hard to imagine attorney general bill barr coming to a tougher environment. >> i am very familiar with the environment. lou: when i look at the mess that is the justice department, when i look at every issue from immigration to national security, to the judicial system itself, the detention center and bureau of prisons. i mean it is absolutely, mindlessly out of control. and i don't know if it is rescue table. >> there is never a boring day at the department of justice. four law enforcement agencies, fbi, dea, atf, everyone in
their offices and you're wearing the white hat and doing justice. at the same time you are held to a very high standard. and we expect that these people with the powerful positions from the department of justice are using the power appropriately and they are following the protocols put in place for example at the mcc where it appears no one seemed to know how to watch someone like epstein. lou: who decided that after he tried to commit suicide suddenly he was not suicidal. >> within 10 days. lou: it's -- this is beyond -- this gives every conspiracy theorist in the country reason to speculate. i got a kick out of a couple of the presidential hopefuls send the president should not be speculated. the entire country speculating and they know what this smells like and what it smells like is in a barnyard. >> and you know, you apply reason and common sense. in reason and common sense tells us that this is fishy.
it does not make any sense.>> i hate to break into left in this country but this is america. we speak our minds, we speak plainly and we don't give up easily, the rights our first amendment. nor our damn second amendment. >> amen! what else can i say to that? lou: is good to see you. >> thanks, lou. lou: let us know what happens. >> we who's dog is this? it's my special friend, antonio. his luxurious fur calms my nerves when i'm worried about moving into our new apartment. why don't we just ask geico for help with renters insurance? i didn't know geico helps with renters insurance. yeah, and we could save a bunch too. antonio! fetch computer! antonio? i'll get it. get to know geico and see how much you could save on renters insurance.
whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. lou: and seems attacking president trump is not sufficient for the radical dems. now they are taking on the supreme court. several high-profile sudden dems born in the united states supreme court it could face a fundamental restructuring if the justices failed to take steps to quote - heal the court. that want to come from senator blumenthal, -- and gillibrand.
this was regarding a new york city gun law. they referenced rulings by the courts conservative majority claiming it is suffering from some sort of affliction because it is supportive of the second amendment and that of course must be remedied so say the radical dems. running is to harmeet dhillon vice president republican national lawyers association. rnc committee woman from california, member of the 2020 trump advisory council. it is great to have you here. and let's start with first, your op-ed today, california trying to keep trump off the ballot, straightforwardly, the constitution means he will be on the ballot. >> yes, lou. just like in your previous statement we said they will
democrats want to tear up the fabric of the supreme court there throwing out the constitution in california. the qualifications clause says three requirements. candidate has to be 35, natural born citizen and in the u.s. more than 14 years per california trying to impose or has passed a law that requires candidates to publish five years of the tax returns in order to appear in a primary ballot. we not stand for this in california. both the trump campaign and the president as well as my clients a republican national committee and california party and the republican trump supporters have challenged this in court we are looking for a hearing next month on the matter. lou: good luck. this is outrageous with the state of california is doing on so many levels. let's turn to this, the radical dems, to actually threaten the supreme court, trying to intimidate them into acquiescing to the radical dems view on gun control in this country.
it is outrageous. what can be the republican response? >> said that this is pretty shocking. it isn't even a republican issue, ruth bader ginsburg has pushed back on the suggestion that they pack the court. nine is a good number, it's fine the way it is.the fact that she is on the court at her age as a result of the current system that bernie sanders and others are pushing they would not have older people on the court at all i think they need to look at it both ways. but this the type of thuggery and bullying that if it was done against an individual judge for example if you say as gavin newsom to 1/9 circuit judge if you don't rule a certain way, i will take care of you and change your way of life and how your court operates, that will probably be investigated as a threat by the fbi. but if it's done by a pack of democrats who the arrogance to do as many of them are lawyers by the way, they think they can
do this. their strength in numbers of their outrageous conduct.i hope the honest liberals and judges pushback on this. it's really bad. lou: it is horrible and i've got to talk to about the presidents turn here. on illegal immigration. on illegal immigration, the embracing of doubling h1b visas and of course, gun control. all of a sudden he is a fan. how is this going to go down with the republican party another plenty of rhinos that might like it but his base, i don't think among them. >> well, think were seeing a lot of mixed messages on the issues. taken immigration issue, the are ways -- i think they need to look at the income levels and in silicon valley where i live, the fact is that h1b workers are paid significantly
less sometimes half of what american workers were. if they were required to pay the malik hundred 24 percent more to see the truly the jobs truly being reserved for those who are -- lou: thing after interject because we cannot be nacve about this because that part of the requirement for the employer is ignored at will. secondly, there is a requirement as well as you know, that the company make a good effort to make an american worker available before hiring a foreign worker and in the program. >> the laws are not -- i would like to see enforcement but i think what's more important this week is the presidents announcement and making sure that all of the immigrants were seeking a green card in the country be held to the clinton era laws that require they not be public charges for more than 12 months out of a three year period. i think it's a great development in its going to impact more people.
lou: read through with the gun control position too? >> i think the red flag issue is very troubling and potentially unconstitutional. i surely do not want to see united states -- lou: is nonsense in this country every time there's a shooting to start with the rights of millions of americans giving up their second amendment rights because of the nonsense from the left. it is over for me. >> i do not care for that. i agree with that. lou: i knew i liked you! thank you so much for coming. harmeet dhillon. >> incorporated you. lou: another day in hong kong, is it simply a thirst, hunger (vo) the hamsters, run hopelessly in their cage. content on their endless quest, to nowhere. but perhaps this year, a more exhilarating endeavor awaits.
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interest in former state department senior advisor in the trump and george w. bush administrations. good to have you with us. the demonstrations in hong kong, how much longer will beijing tolerate them? >> and i think beijing is stuck in a way. evan is worried about an invasion a tim-- there is a hug cost of doing this.i don't think the market has appreciated this. hong kong is treated separately than the mainland. in hong kong goes away will be huge financial cost for china. xi jinping has paid himself into a corner here.lou: he has and he is being clumsy and as you will know is under considerable criticism from within.
the communist party at least as much as they can tolerate any sort of breach from the orthodoxy. your thoughts on how this is reflected on him within a ruling communist party? >> i think as you say, he has got to put them under pressure. we only two years in 2017 which was the 19 party congress. he crowned himself emperor in this predicted great future for china jim webb select stage of development. what happened since then the economy is terrible at its lowest growth rate since 1992. reality probably isn't growing at all. he's losing the trade war for president trump and now he has his obvious sign of internal dissent in hong kong but i think we all know that some of the discontent you see in hong kong is true on the mainland. just cannot express it there. he is under real pressure and it's been a huge change. a lot of it thanks to getting tough on them on trade from the united states. lou: and huawei, the band going
into effect against huawei in the country. will it be effective? and will have impact? >> i think so. it's a really had a big impact on their revenue. certainly in the forecast and they have a very limited ability to get around this. john bolton was in britain pressing the government there, the johnson government to basically be with us on huawei and tamper with 5g telecom system is what we've decided to do in this country. hopefully britain does that so i think you will see more and more countries decide they do not want a built in chinese espionage system in their telecom and again, thanks to this u.s. demonstration. lou: one would help your christian whiton, thank you. to make the state department backing demonstrations in hong kong, protesters there, the u.s. government urging beijing to respect the territories
autonomy. the state department also releasing assembly images that show chinese military presence near the hong kong -- as we been reporting to you for days now. susan li is in hong kong tonight with the latest. reporter: good evening to you, lou. we have a brand-new day, the state department urging caution and concern in terms of paramilitary just outside of here in hong kong in the silicon valley of china. now after the protest we had more of them overnight. instead of going to the airport because the court injunction has barred them from entering the terminal -- just across the way they were met by riot police and teargas, once again after what police it was provocation from the protesters who were directly sending laser
beams at the police. this 10 weeks of protest we've seen in the city of hong kong. trying to catch up on hundreds of flights have been canceled over the past few days and thousands of passengers that have been stranded.of course hong kong being the -- one of the capitals of the world. i want to end this with the recent tweet from the president. the president trump says i know president xi is a great leader who very much has a respect of his people he is also a good man and a tough business of zero doubts he wants to quickly and humanely solve the hong kong problem. he can do it. personal meeting? this might alleviate the concerns of ongoing protest
peer. lou: and a positive development of course the opening of the hong kong airport. is the expectation that there will be some diminishment of the demonstrations today? reporter: i would say it is about who is winning the hearts and the minds of the local population here because you know, we saw the protest and really breakout scuffles and violent protests, the fights that broke out across the images on all cable t.v. news yesterday and a lot of people are pointing the finger at the protesters saying they are the ones causing right now this violence and escalating the protest. i think it is about winning hearts and minds and how to move forward over the next few weeks. lou: i think we should point out that there are considerable number of charges that some of those were activists, that are chinese paramilitary in civilian clothing and trying to create more trouble.
we will ultimately find the truth of it. susan li, thanks for bringing us up on the truth as we know it. up next, "the new york times" -- it is hard to believe. these are the people that do not like the tough, rough language of our president. they changed a recent headline based on the twitter verse. i do not think they will be taking the president to task so much about any rough language that he employee because their executive editor outdid the president, certainly. and the editor is supposed to be a wordsmith. be a wordsmith. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could
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that facebook seems to be the leading member of social media that almost no one trusts and reasons are starting to pile up. facebook is now under fire for collecting users audio without their permission or knowledge. new reports suggest facebook hired hundreds of outside contractors to transcribe users audio chats. the company however, says it stopped transcribe users audio
and only did freezers opted for the surface within the facebook messenger app. "the new york times" trying to come to terms with its disastrous decision to change a neutral objective positive trump headline in order to appease the twitter mob executive editor, stating that the original headline was quote - an expletive mess. michael goodwin summing up the problems earlier today. >> the times has created a monster in that it has to give its readers a daily dose of hate trump every day. and if you don't, if you drop the ball on one headline, they will come after you because this is now what they expect of "the new york times".
lou: kamala harris medical medicare for all proposal not sitting well with all voters certainly. listen to what an iowa senior citizen had to say today about the healthcare plan to her. >>. [inaudible] lou: up next more in the days big market selloff. our panel of experts join us. we will be right back. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions
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obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook? yeah, actually. lou: joining us tonight to talk about the news of the day, the major market selloff on wall street, bill lee chief economist at the milken institute. mark grant chief global strategist, -- aaron gives chief investment officer gives wealth management. good to have you all with us. aaron let me start with you to trillion dollar day going all the wrong way. >> s and in the end it did not feel like it was much ado about nothing. the inversion was short-lived and this is really about
investors panicking. fears and somewhat i want to say not completely overblown but when you really look at what kind of indicator and inverted yield curve is usually talking about a recession, two years in advance. we are worried about something that might happen two years from now and the markets, they can go for quite some time. it definitely feels like the low trading volume day and people just overreacted a little. lou: and mark, i mean we are talking about as erin says about this yield curve you know yesterday was such relief that half of the tariffs that were to be imposed on september 1 had been deferred by the administration and today is a new deal. we talked about the yield curve that seems to override the help
of the strength of the economy, other markets. your thoughts? >> my thought on the yield curve, lou, is that people are making the wrong assumption period. the truth is that the fed has never bought treasury bills since 2008, 2009. the biggest player, the biggest buyer had not been in the short space which has distorted the curve. number two, i would say that issues with china really are "game of thrones". we talked about like is a trade dispute which it partially is. but this is just for power and control in the world, then you also saw major issue with germany, the most important country in europe, their economy went into contraction today then you've got 15.9 trillion in negative yielding debt. lou: and this country, we have got plenty of -- plenty of
debt. we also plenty of deficits, plenty of stimulus, we have got a fed that we are led to believe is actually going to cut rates and listen to the president. it's taking a long time but listen to him, they might. your thoughts? >> lou, today's actions the market represent they just got it wrong. the foreign bars of buying out securities like crazy. which lowers the yield, why? because all of the world you have negative yield. that means entrepreneurs and investors have absolutely no confidence that anywhere else in the world that can invest your money and get the returns because they have to use it productively there.in the other states, it is high and capitol can be used. instead, the markets have treated the inversion like any other inversion. and in the economist and the capitol markets, there is a
full inversion. which means everyone is buying our assets because it's a good investment. i think that is a mistake and the wrong part of the yield curve is a short part. the short and 90 days to one year it is ordinarily high because the fed has not been willing to adjust its policy stance and in a way it allows marcus to be, that they will be there to back of growth in the fed has always been that significant action is making a false statement like that. lou: had better be focusing on the u.s. and not the globe. listen to the president might not be a bad idea. erin, your thoughts? because a lot of people who were watching their 401(k) taking a hit. what should they be doing tomorrow? >> i really want to just reassure investors, long-term, you're better off in the market. we have good growth over the next 12 to 18 months. for u.s. corporations, it is
not the time to panic and i definitely would not call this the bottom sustained market, stay calm the sky has not fallen just yet. lou: mark, your thoughts? >> my thought is that the fed has to do something. it is nothing to do with the president.the fed was created by the federal reserve in 1913. i think it is the right of any president republican or democrat or congressman to say they don't think the fed is acting appropriately. the fed has been put in the corner by the ecb, the fed has got to respond by lowering rates period. lou: bill lee, you get the last word, please. >> fix everything but make a statement. you can tell everyone we are there and we will do whatever it takes to backup u.s. growth. i will calm the markets and will not give into anything specific about interest rates. he's got a lot of other tools to use. operation twist and using the balance sheet would be in order
also. lou: bill lee, mark grant, erin gibbs, thank you for being with us. thank you for being and my show "bulls and bears" every week night at 5:00. trish: jeffrey epstein's autopsy results are in. find out why there are so many questions. epstein's attorneys are saying they are not satisfied with these results. far left congress woman playing the victim again after rejecting israel's offer to allow her to visit her grand mother in the west bank. fellow squad member alexandria ocasio-cortez making this insane claim about supporters of donald trump. >> trump relied on a