tv Cavuto Live FOX News August 3, 2019 7:00am-8:58am PDT
president has it has beenng ban. can't trade with them, they can't trade with us they catch >> thank you. there is not a lot of room in pneumonia. this country to raise business but why are manufacturers -- they have got to eat it. this has been amazing. soybeans rotting in bins. autoworkers in michigan and they don't care about the we ask about what it was like. other places in the country are consumer. looking at the potential for now job by the end of the year. and the decline in the growth american families paying rate, and they need access to neil: it is not government eating it. $1.4 billion more a month on everything from shampoo to >> china's government subsidizes chinese exports. >> if he is a little tired. the american market, desperate >> see you tomorrow. washing machines because of the so-called trade policy which i and devaluing their currency to see these tariffs go away. they may be patient, they may call the trump trade tax. it is irresponsible. say we will wait another 14 means flight of capital, and for china -- neil: it rings on that. >> as soon as we heard on months but trump will continue to tighten the screws on them if >> longer-term china's goal of the preeminent country in the foxbusiness jerome powell's name they try that. >> forget putting pressure on world had a massive speedbump. i said last weekend wants to say china. as donald trump putting it on >> i think tariffs are bad thing when used against a country like himself? mentioned, jerome powell talking presidential candidates interest rates, trade, we went germany that makes them again, there is nothing donald counting. nuts but none more so than appliance pays workers will and trump is asking of the chinese charles payne. in these negotiations that is not appropriate or reasonable. follows environmental and they they have to stop stealing a are making a better product than did the president take things certainly not least, kathy us. too far? when you are talking about trade little property and open their markets and stop cyberespionage i am neil cavuto. against the united states. the president doubling down on a potential trade war with china relations around it theft and all of those are in both paying workers, not giving them countries interests and that is that might already be on. andrew, the first candidate to those efforts. try to link what the federal that is not really free trade. so frustrating. we have mark meredith, the a deal would be great for both president is mulling his next reserve did in response to countries. move and we have deirdre bolton something that will wallop the it is avoiding our regulatory system which democrats put in economy. in new york where they are >> my producer is going to kill
bracing for the next it. we begin with mark in new jersey. >> tariffs have been in place to me but it will take 2. donald trump's point. place over 70 years. you say the chinese are reneging >> reporter: the president made >> the policy that 70-year-old according to the just had the j tariffs 70 years ago, that is not the economy today. clear this week the trade dispute between the us and china will go on in the foreseeable future. and not sticng to the script, you could say the same about the president not including extra neil: ignore what china is doing. items. yesterday, 300,000 >> they are a communist nation, and on september 1st, we have they don't care, germany cares. they care about tariffs, china doesn't care. we are just as guilty. >> except for the fact the chinese keep walking back on the gap between black and white what they agreed to and that is seen a lot of pushback over this the reason trump is getting so unemployment the second best ever, ever, ever. announcement but the president kamala harris, should know about neil: you are right, they still on this. spoke about it before he left we will see what happens. annoyed with them. they are not sticking to the and here's what he had to say. >> 25% of $250 billion and now can we take a peek at what is work. the problem with negotiating going on in hong kong? with the chinese is they don't keep their word. that, significant he better than they are planning another neil: good seeing you again. what it was under obama and politicians and manufacturers can't have it both ways. donald trump gave the same we are getting 10% of probably manufacturers and the same retailers the biggest tax cuts protest, the 10th straight 2020 democrats descending on sin close to $350 million. of their lives. i don't think any person on the a lot of money. weekend of protests in one of those crowded cities in hong city but not before clashing in kong. authorities, chinese authorities motor city. it goes on september 1st and if saying this is good idea. they don't do them i can always a battle between moderate and liberals. is that hurting the nominee? increase it substantially. show got a break with that. thousands of protesters the hamsters, run hopelessly in their cage. they were so magnanimous they >> reporter: the president gathering begged to differ. content on their endless quest, to nowhere. tweeting about china. shared so much with the american we are watching that and also watching pulling out of this consumer. donald trump cut my prices in tax, let me know the price in nuclear treaty with russia. the sandals for the consumer. that could lead to a new arms but perhaps this year, a more exhilarating endeavor awaits. everyone else, let me know if that happened because it didn't things are going well with happen -- they with politicians. kamala harris has to be careful china. they are paying tens of billions race and we are extending it to include a new country.
of dollars made possible by we will explain. monetary devaluations, massive because there's a difference, one thing to say consumer prices oh, hey jeff, i'm a car thief... amounts of cash. are going up a television say defy the laws of human nature,at the summer of audi sales event. our consumers paying nothing and what?! i'm here to steal your car because, no inflation. american jobs are lost to make well, that's my job. those prices go down. what? get exceptional offers now. now help from the fed. what?? the president tweeting this morning, these tariffs may have if she wants to be on the side what?! a big impact on us consumers. (laughing) what?? of globalists of china that is what?! what?! on her but she is making a political mistake. [crash] what?! haha, it happens. and if you've got cut-rate car insurance, the may choose to raise their prices, the president of the american apparel and footwear paying for this could association blasted the president over the decision. feel like getting robbed twice. they put out a statement, neil: the argument that might be so get allstate... disingenuous is the notion that and be better protected from mayhem... tariffs are taxes on american in the end american consumers like me. consumers but the president's would pay this. decision to proceed with these ♪ additional costs for hard-working american families they might be shielded because is truly shocking and they hope they have not had to pass it on or the president's argument the manufactures are not the only with china devaluing its currency they don't have to pass it on. ones upset, china announced it could retaliate over this decision before the ministry put out a statement, china will have be that as it may it will be consumers and the latest wave of tariffs to take affect on to take necessary counter remaining items september 1st, measures to defend its core that is when it could hit. >> tariffs go a lot higher and interests. china said it is not looking for a fight but they will not shy stay like that for a long time away from one either. we will see the president makes there is no way -- what has been
underestimated is consumers any comment on trade. >> mark meredith with the president. might feel the pinch. and i think they are willing to bracing for more hits. have the fight and this is what deirdre bolton breaks it down. democrats are talking about. >> reporter: one trader on the stock exchange told me went from trade war discomfort to trade chuck schumer is behind -- this is a war the democrats should have had a long time ago but war scary. they were scared of the hit to the consumer and the hit to the stock market because it is a dangerous war to have. trump administration talking about putting 10% $300 billion of chinese imports that send us it is risky but it could cause market stumbling so the s&p 500 serious economic disruptions. it is a war this president wants to have. had his worst week of the year. >> something charleston started the impact on these items is a the dow and nasdaq falling sharply. trade sensitive groups, not a huge surprise, technology little bit under 5%, far from industrials, materials, by some the 25% tariffs then they estimates chinese manufacturers get as many as 42% of the haven't reached sure and china might be helping them to absorb apparel, 69% of the footwear purchase, that is going to it but in the end the argument is no escaping the fact this affect what we pay for the goods. drags on indefinitely. just a matter of time before it most trade experts say american hits. >> i thought republicans were
consumers i harder than any the party of free trade. i don't understand. chinese manufacturers, these neil: chinese practicing that. tariffs show up in your grocery >> the party of free trade is bills. we are taking you through some. putting tariffs for no reason. companies will come to the alcohol, sampling electronics as well. united states because of these tariffs. when you use at home or at work, on the go. already vowing to >> did charles's point. >> it makes no sense. >> we have to play on their tense versus the less. trade tensions overshadowed the jobs report. field. >> people are going to suffer. some economists saying tariff tensions are already showing up. earlier in the week we had the ism data, manufacturing showing the lowest reading since august 2016. >> to make sure the rules of obamacare and cheap labor. friday lower than forecast factory orders a nod to the >> talk about tariffs and trade war, no one wins a trade war. and economy going into 2020, we won't be able to brag much longer. trade war, already showing up in we are party of handouts. manufacturing which is 12% of the economy. >> republican standing up for trade wars may affect the fed's rate decision, don't want to get too cynical on this point but trade escalation tweets, chances shoe manufacturers. of another fed rate cut went
60%, to 100%. >> schumer is saying we are a very salty experience on the floor of the stock exchange. going to -- neil: sometimes we get lost in maybe this is the way the the politics of this. president gets the fed to act. >> you are looking live at hong kong. they have three of the most crowded cities on the planet. things are going along very well with china. paying off tens of billions on neil: thank you very much. thiscoming o for the the monetary devaluations with candidates as well. senator kamala harris the first of the 2020 candidates that this is where chinese coun authorities laid out the law. >> if we force americans to make vast amounts of cash. we don't think this is a good these radical changes they are idea, protesters planning demonstrations. not going to go along. no inflation from the fed. >> is right about valuing the throw your hands up. currency. i can do it. you have gordon chang. a lot of people watching this closely because it occurred at >> looks like one of us have the same time trade talks have all but broken down over this learned the lessons of the past a lot of this was mitigated, the and one of us hasn't. let me begin by telling you. issue of any item from china. this is like a vocal counter lol surprise goal and american point to that. >> 1500 people in jail for we have gordon chang, author of marijuana violations and laughed the nuclear showdown and many about it when asked if she smoked marijuana. import, and $.90, 2 things are >> you want to care records and mitigated to lower the price in i'm shocked that you do, i am chinese government and chinese looking at china in very threatening ways. happy to do that. >> why did you announce on the exporter. the devaluation -- anyway we
first day 0-tolerance policy of this is a threatening response. stop and frisk and i really giuliani's guy, for crack cocaine. travel we get more for the bang for the buck. >> you are drinking the kool-aid and don't even know the flavor. as long as currency goes down >> if as i think there are a lot and keep subsidizing that it will be mitigated. notion it had the consumer. of people including civil servants, beijing will back off every retailer wou bin >> i still don't know that. because they realize there is a broad array of the population against them. house democratic communications some chair, thank you. before extreme rod array. talk about this kind of thing, >> that kool-aid thing. becoming collapse of china at a lot of people in the the core they are military power and before that is what they are. democratic party are concerned that the ongoing friction, not >> people's liberation army surprising in a primary race video that was posted, on battling it out for the twitter like service, that is nomination because there are so many candidates. extraordinary because it shows >> it was a difficult format but the pla, governments don't do to be perfectly frank i was disappointed when they left this but they are at a point detroit. they don't know what else to do. there is a reason they picked they tried everything to control
detroit to do this, urban issues and the road to the white house will go through the heartland of america. the protest. >> it would not be like i heard very little about urban tiananmen square. >> it was a different china, in hong kong, different from beijing but if the communist issues or the heartland. you were talking trade a few minutes ago. i think donald trump won in 2016 party believes its existence is threatened they are capable of on trade. you did not have any real doing anything but these protesters are capable of doing pragmatic discussion. anything to provoke pla troops manufacturing is a major issue, if they were on the streets of hong kong so a lot of kids say jobs and too much time spent on they are willing to die. unpracticed jabs, they were more committed suicide under circumstances that look like it talking gobbledygook, they confused people on healthcare, they don't know what they think was related to the protest, they and i was in case you can't tell disappointed. took their colleagues away from police because those kids standing in front of the police that i want to die, i'm going to >> kamala harris in her debate die for hong kong. their friends to come out which is the only reason they are did mention the federal reserve stil cutting rates in response to this trade and following up with can rule out anything. neil: kids were arrested in this latest raid. the market response that there
would be no more rate cuts, to what happened? >> 44 of them were charged with link this with what may be a rioting. they could get 10 years in the slammer. some are going to be released, they don't have sufficient problem in the economy should more of those candidates do the evidence. these people along with others same? have been policed in hong kong government is not going to do >> i am a car girl, i come from that. detroit. my family has been in cars for a long time. our sales are going down. neil: how much, chinese citizens hearing about this? >> the last two weeks there's been a lot because beijing changed its tactic. until two weeks ago they tried they are predicting a significant drop. we have the longest sustained to censor all news of this. growth of car sales in the they started showing the images industry almost forever. it is an industry that has up and down times. of the emblem of the peoples did anybody talk about nafta? republic, that intended to raise national sentiment. i want to talk about nafta which that they showed and they left a ton of plants shattered brought people from the mainland not only in my state, my district but midwest states across the country.
we need a new nafta but we need into hong kong for a a new nafta it's not going to pro-government rally. let mexico continue to pay $1.50 there will be a lot of contagion. they've not stopped the tourists from the mainland going into an hour. hong kong. they are allowing people to understand what is going on. >> this new deal doesn't do it. they are preparing the people of china for something that was in >> i'm hoping we are going to keep talking and we will get toward. there because workers need a new deal but we need a new deal that works for them. >> are you okay with the neil: your sense of the trade talks. we have been silent on this, not judging one way or the other. president talking about what is that by design? remains with china that >> the united states is sitting back. trump did use the word rioters. a lot of people criticized him but that is going on in the streets of hong kong. americans are shielded from there is a riot. paying higher prices because the beijing is blaming the us for chinese are absorbing the body blows by devaluing their currency? that's not technically how it works. you pay for them. what is going on in the street in the city and that is because they identified the us as an individuals, american consumers. enemy anyway and are running out of tactics and this is a warning to prevent that happening. do you believe that? >> i do believe china and japan about what beijing will do, they see this as core interest and we are the enemy.
>> i want to update you on have devalued their currency and that's not a level playing field for our workers. >> is the president justified in talking tough with china? something that affects what is >> i have said i would work with going on in north korea. another missile test. there is a link, you might want to hide it. the president on issues that >> they walk into this place and impact working men and women, there are issues. some of the things he is doing to try to help american workers play on a level playing field you would think, took out the biggest guy in there and walked straight to him. he looks me square in the eye and i swear and it happened at different now i have a wonderful hybrid. slate blue. crème interior. times for trade practices. he was so nice! navy federal credit union. our members, are the mission. tariffs are a wonderful thing? >> i don't say they are a wonderful thing but tools are appropriate at times. neil: the affected economy, counting on the federal reserve to cut rates to push the impact of the trade war and it looks like he might get his way.
>> i want to see what that means and what he is doing with china and where the trade policy is and i am worried about the economy and workers, we have a good sustained period but if you are an autoworker which i care about, you are having tough negotiations coming up in the industry and to know your job is safe and you saw how many plants are closed in the past 6 months. they are worried. i want policies that will help my workers feel safe. neil: it also sounds like democrats were interested in going into that, it was going to i used to book my hotel room on those traalways a catch.here was like somehow you wind up getting less. tip michigan in -- donald trump and the republicans. but now that i book at hilton.com, and i get all these great perks. i got to select my room from the floor plan... >> if they want to. very nice... he could win. a lot of people thought it was i know, i'm good at picking stuff. free wi-fi... crazy. women care laptop by the pool is a bold choice... and the price match guarantee. how do you know all of this? are you like some magical hilton fairy? it's just here on the hilton app. just available to the public, so...
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>> one good thing about trade war with china that escalates as it gets the federal reserve when it comes to the interest rate, prompting a market roll up earlier in the week. now there are tensions with china for a while. we will see a couple more rate cuts going forward. we look at the heritage foundation chief economist who was considered for a spot on the federal reserve. let me get your take on that. people betting on rate cuts or
two more coming because of the trade situation. did you know that feeling sluggish or weighed down could be signs that your digestive system isn't working at its best? taking metamucil every day can help. >> there will be at least one more rate cut but the analysis that it should be done because metamucil supports your daily digestive health of the trade war is wrong. using a special plant-based fiber called psyllium. i always argued the reason to psyllium works by forming a gel in your digestive system cut these rates and donald trump to trap and remove the waste that weighs you down. metamucil's gelling action also helps to lower cholesterol -- cut rates more than i do is we don't see any inflation in and slows sugar absorption the economy. to promote healthy blood sugar levels. if anything you see slight so, start feeling lighter and more energetic by taking metamucil every day. deflation in the economy. there needs to be more liquidity. they have to injected into the so chantix can help you quit slow turkey.key. economy. it is one of the reasons we along with support, chantix is proven to help you quit. select from 3% growth last year, to 2%. with chantix you can keep smoking at first it's not the only reason but the and ease into quitting. tight money contributed to a slight slowdown. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. neil: is there a sense of the people you talk to in back of when you try to quit smoking, the white house the trade deal wasn't enough? with or without chantix, you may have nicotine withdrawal symptoms. it's not looking that way? stop chantix and get help right away
if you have changes in behavior or thinking, >> depends what day you ask. aggression, hostility, depressed mood, it is a moving target with extreme frustration at the white suicidal thoughts or act, new or worse heart or blood vessel problems, house that starts at the oval sleepwalking, or life-threatening allergic and skin reactions. office that the chinese are not negotiating in good faith. the next day they do the decrease alcohol use. opposite. use caution driving or operating machinery. the idea that they would buy tell your doctor if you've had mental health problems. more of our agriculture is something they agreed to. the most common side effect is nausea. quit smoking slow turkey. there is extreme frustration with the way the chinese are talk to your doctor about chantix. doubledealing. i am a free-trade guy but when it comes to china's, trump's line is appropriate. neil: here we go again and again china, just talking about the and again. question of human rights going breaking news out of north korea. on in hong kong, cheating and they are claiming kim jong un stealing with respect to cyber has testified another rocket launch system. this is the fourth time in the espionage and all these things, and a hard line that i think is appropriate but what is frustrating to the white house is there is a sense that maybe
they will try to wait out trump. past week and a half they've we have an election 14 or 15 done this thing. months from now and they may just think we will deal with the how should the us respond? so far the president isn't exactly dismissing this but isn't exactly panicking over is that. joe biden or elizabeth warren. good to have you. what do you make of this? what do we have to do or should we in response of this? >> i think this pattern of >> american chinese business behavior, this misbehavior if you allow me to call it that is alliance, trade council with statements this week criticizing the president for upping the indicative of what kim's father and grandfather did, they have a pattern of doing this. trade anti-and putting tariffs -- with all the goods we get in this case the chinese are back to haunt them in the country. involved in this. they are encouraging kim. this is something they are using >> we have seen a 500 point as leverage in trade talks and decline since trump announced it is important to understand those tariffs. this is serious. i can't speak for donald trump that i've talked to him many blasting kim wants to do is give times about this. up his nuclear arsenal. it is a longer-term gain for the economy and that is right. think about this.
going forward we will probably see more talks, not between him 50 year low in unemployment and and the president initially. inflation rates, 50 year low in interest rates. there will be lower-level got a good picture on the diplomatic negotiations and economy. discussions on this but this bad behavior is tied back to the chinese. the one thing is this trade war between the largest economies in heather: neil: they are saying you should the world. does trump want to get a deal keep doing this but to what end? done? absolutely. he understands once you get the >> to what end? i think we realize they have deal done you see a 500 point decline and tariffs were tremendous influence over kim. they are, without saying so, ratcheted up. wait until you get a deal. saying we have the influence to get him to ratchet up the >> if he is arguing american pressure. consumers are not feeling it because the chinese value their currency, if that is the case what they see, what they want and people argue that then china could wait this out indefinitely. america to see if they can get kim to test these missiles at their directive. as much as we would like to see china doesn't have to worry whether donald trump is president for joe biden is president. said we this come to a peaceful conclusion they are holding us hostage, their influence on kim
and his willingness to do what they ask him to do. neil: you follow this more closely than i. it usually goes something like this, ascertaining the white house without the white house saying so, rights another beautiful letter or one of those things, all of a sudden the president kind of withholds his fire but there is only so many times you can do that. >> i think the president consistently said this is not part of the discussion in the original framework. neil: neither were four tests of any sort in a week. >> we need to take this seriously. i can't get inside the president's head and understand why he's been willing to ignore this and downplay of the way he has.
i think this is serious and it does threaten our allies. it doesn't threaten the continental united states but it threatens north korea, south korea, japan. it is a serious threat with short range missiles. i don't know why he plays it down other than he's trying to hold the door open to future discussions on this. >> we ripped of this nuclear agreement with the russians. part of the ideas they are cheating anyway so we start from scratch and try to include the chinese. >> it is a good idea, not the first time that has been called for. and the intelligence community, we go 15 years that the russians were violating this and no one had the courage to hold them accountable. as far as i am concerned, looking at the nato allies, other nations at the united
nations of also lined up behind us on this. we have done the right thing and the president doing the right thing, where do we go from here? what you are going to see is a period of time the us will increase capabilities in that area. this is about land-based, i emphasize land-based intermediate nuclear forces and you will see a time we will do the same thing and we will be back in discussions about trying to come to agreement on the treaty. the us and the russians will destroy those capabilities. the key is bringing the chinese into this and i'm not sure they are willing to do this. they have resisted this. every time they have been asked, they have resisted. neil: dealing with them on the trade front, we have another can of worms.
>> good to be with you. neil: this is agitating to put it mildly. tent weekend we have seen these uprisings but what is different this go around, one of the most crowded cities, defying orders on the part of the chinese to cease-and-desist. i don't see them ceasing or disgusting. you go on about how... ...it's so confusing it hurts my brain. ya i hear ya... or say you can't believe... ...how much of a hassle it is! and tell anyone who'll listen... (garbled)....it's so expensive! she said it's so expensive. tell me about it. yes.. well i'm telling the people at home. that's why esurance is making the whole experience surprisingly painless. so, you never have to talk about it, unless you're their spokesperson. esurance. it's surprisingly painless.
delegation. the impact of the trump administration immigration policy including the return to mexico agreement. that impact has been significant. democratic lawmakers toward several facilities during their today visited at the facilities they saw no overcrowding. at one of the facilities, there was hardly anyone there. the reason they argued is most of the migrants were sent back to mexico to wait for asylum claims and they are now living in crowded conditions in unsafe border towns controlled by the >> we put them in the system as asylum seekers and send them back to mexico by tens of thousands and wash our hands of them. we don't pay a penny to help mexico take care of these people, we don't know what is
going on, we don't care because we don't know. it is a serious problem. >> the delegation came to visit, the full experience of what the migrants are going through when they come to the us and they say they have concerns the trump administration's policies are sending folks back to areas that are dangerous and harmful to towns on both sides of the border. neil: what is up with 2020 candidates going after president barack obama? after this. i'm from cameroon, congo, and...the bantu people. new features. greater details. richer stories. get your dna kit today at ancestry.com. ... this is the couple who wanted to get away
who used expedia to book the vacation rental that led to the ride ♪ which took them to the place where they discovered that sometimes a little down time can lift you right up. ♪ flights, hotels, cars, activities, vacation rentals. expedia. everything you need to go. >> all right. you know, just days ago they were actually ripping each other apart for the debates. now the 2020 presidential hopefuls are in las vegas fighting for union voters.
clauda. >> that's right, no fewer than 19 democratic presidential candidates are scheduled to appear here today at this union forum. it's their first appearance as a group since last week's debates whereas you mentioned, the sparks were flying. there were frequent struggles over immigration and education. this exchange wednesday night between joe biden and cory booker over criminal justice. >> why do you announce as zero tolerance policy of stop and frisk and hire rudy guiliani's guy in 2007 when i was trying to get rid of the crack cocaine? >> mr. vice-president, there's a thing in my community, you're dipping in the kool-aid and you don't even know the flavor. >> on the debate stage the night before, senator elizabeth warren clashed with former congressman john delaney when he suggested moderates are more realistic when it comes to one of the most contentious issues of all,
health care reform. >> democrats win when we run on real solutions not impossible promises. when we run on things that are workable, not fairy tale economics. >> i don't understand why anybody goes to all the trouble of running for the president of the united states just to talk about what we really can't do and shouldn't fight for. >> and health care will continue to be a big topic here today. all, but five of the 24 presidential hopefuls have come to this important swing state to speak at a forum hosted by the american federation of state, county and municipal employees. that's a public employees union, with 1.6 million members nationally. one of the biggest in the country. so, this forum is a chance for these candidates to prove their pro union credentials as they jockey for what would certainly be a key endorsement, neil. neil: and they get a cheap breakfast. and by the way we're trying to get the kool-aid man to respond
to the kool-aid argument. the big picture, guys, anyway, digress. from attacking each other to attacking president obama. >> so did you say those doe portations were a good idea or did you go to the president and say this is a mistake, you shouldn't do it, which one? >> you can't have it both ways. >> you invoke president obama more than anyone in the campaign, you can't endorse it when it's convenient and dodge it when it's not. >> and about barack, about the president, i mean, the job he did. i don't think there's anything he has to apologize for and i think, you know, it kind of surprised me the degree of the criticism. neil: all right, so what to make of all of this. kathlecatalin catali catalina, and the 2020 advisor board member jenna reed.
are republicans salivating at this, the trump administration sl evaluating at this, let them argue around and tear down one of their most celebrated standard bearers, have at it. >> i think there was a political cartoon that had it well, a boxing arena with all of the candidates knocking each other out and then the referee is declaring president trump the winner of the debates. republicans and conservatives are going, what in the world are these people doing? because the democrats have such an identity crisis. they're attacking obama's legacy because he wasn't progressive, leftist enough, even though he brought this country so far into extremist leftest policies and every 2020 candidate says he wasn't leftist nuture. we need a 33 trillion dollar health care policy and so far into-- >> republicans are not stranger to big government and bigger
debts. >> doing it now. neil: anyway, do you wonder about that strategy? say what you will about barack obama, if he wasn't as far left,whatever. for democrats, he was a rock star, remains a rock star, is that a wise strategy? >> no, they look like a bunch of fools and cory booker said it the person who won these debates is president trump. cory booker made the point. neil: well, booker was also-- >> kool-aid man. neil: you can't pick and choose your friendly obama moments. >> genius and then kool-aid. but 95% approval rating amongst democrats right now. 65% right now with the independents for barack obama. people still love him today. neil: you know, i don't think that barack obama could be nominated by this party. >> look, i think that the truth right now we have democrats all over america saying i don't know what's happening with my party. you have republicans saying we've been trying to tell you about this party for a long time. neil: and a lot of republicans that say the same thing about
their party. >> that's true, but i think realistically, a lot of people are watching that debate saying the only time they weren't trying to tear down the legacy of barack obama was when they were actually trying to claim credit for the 6 million jobs under president trump's economy. so that's the thing we have to deal with right now for republicans to say, guess what, while they're scrabbling about things that don't mean anything, if the republicans are proposing eliminating health care, call it what it is. they've sat there, they've collectively bargained for years and make sure their union members can have the best possible health care under the current system and democrats say we don't care, we're going to take it away from them. and if you hold onto the messages and explain what's happening, they're trying to create an america that's unrecognizable-- >> no, no, no, i've talked to strategies and people who advised president and they say it's anybody, but trump. neil: i think they're trying anyone, but joe biden, but where you thread the needle there, you
don't want to anger barack obama or any offist loyalists or messages or presidency. this is a guy, front runner who is capitalizing off of it so you have to do that carefully. >> they're playing a very dangerous game and it's self-interested. because they're basically kicking their own party to the curb saying we're going to attack someone who has been a representative of our party to try to win the nomination and come back and cater to their party and say, never mind, we apologize? that's not a good strategy here. for everyone looking at the democratic party, every single person knows that those democrats on 2020 except possibly joe biden, they're not going to get the nomination, not one of those people on that stage has any chance. neil: and i heard congresswoman dingell of michigan, the idea was to try to flip michigan into the democratic column after trump won, that they didn't succeed. >> and texas.
had they would vote for any of the candidates. >> even marianne williamson? >> yes, make america hate again and then-- >> you've got bernie sanders supporters who would wrap their arms and hug joe biden as a nominee? or that joe biden backers would wrap their arms around elizabeth warren or bernie sanders? >> democrats are so angry right now, that's the point. neil: they're angry at each other. >> no, they're angry at the guy in the white house. neil: they have a funny way of showing it, they're torpedoing themselves. >> they can yell at each other and democrats are angry. neil: republicans are angry at each other, and donald trump went on to win. >> democrats have a fundamental disconnect with the people. i've said it last week, republicans who voted for hillary clinton and took it to their grave will be first in line to vote for a second term of donald trump if they trot out
somebody like elizabeth warren, like bernie sanders. that's what people don't seem to recognize. and the harder truth when you talk about are democrats mad, you cannot rebuild the obama coalition without obama on the ballot. unless there's a secret plan in the back room-- >> what about michelle obama? >> she would win. >> no way. >> she's the most dangerous political figure on the bench right now. i think republicans know this. but it's not going to happen. >> it should. neil: okay. that means you're decided with all the other candidates. >> every single one of them. whoever gets the domination. >> you know why democrats are so angry? they know that president trump is succeeding on behalf of the american people and they're having to say unemployment and-- that's the democratic talking points. that's not a democratic talking point. >> everything comes down to the-- if you can't get people to vote for barack obama, to vote for-- >> all right.
we're going to moller and scream during the break here. in the meantime, there's a lot in the white house over the signing to boost our beef to the europeans. and you know what wasn't shown on camera, the president signing the bill that keeps the debt up 2 trillion. >> my parents met to after that we moved to georgia for a couple years. then we spent some time in korea- mmm seaweed snacks. and now we live here for good. our members call many places home, oh, lots of questions. so we made owning a home easier. navy federal credit union. our members, are the mission.
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ferris and deirdre bolton. that's the story, the debt continues to grow and neither party seems to care. >> that's true, both parties have been spending like sailors and-- >> yeah, but what sailors do is their money. >> that's a legitimate point. this is pretty frightening. we're talking about some of the overhang costs which are big. i keep thinking of heck, our proprietary research during mid terms, that's the number one most important issue for voters. we know we're spending close to something like 18% of gdp on health care. it's not the best system in the world. it's inefficient and it's expensive so i think that's at least one place we can tackle it hopefully in 2020. i know there's a lot of different opinions on that. we talked about those costs, education costs up something like 130%, if you looked since the 1980's. so a lot of things that people care about cost a lot more money. neil: but debt isn't one of those issues. when you talk to the voters top
ten issues it can be a variety of different polls and debt doesn't appear anywhere. >> we thought years ago, ten years ago, maybe the magic number it would be 10 trillion and then 15 trillion. and sort of like, call me when we get there. as we're going off the cliff. it's he have ti-- inevitable. it's a bird that they eat, it's a delicacy, and blind folded because they're ashamed. neil: not in a million years. [laughter] >> thanks a lot, payne. >> that's why it wasn't shown on tv. neil: and so, jonas, you know, the president says that this budget deal is a great deal. we have plenty of time to cut. obviously implying that he gets in, republicans will regroup and they'll get there. i think it's a little thin pen. he didn't make a big dramatic
thing out of the signing. the time to cut was two years where the republicans had more power. look, at the end of the day, the debt to gdp is what matters and it's not going out of control. it's been more or less leveled off since to 12, but it radically went up during the great recession and we're never chipping that down. neil: they're waiting for charles and i to retire. >> the other longer term problem. neil: leave it with you guys. >> the trajectory of the entilements will bankrupt us if nothing is done with it. neil: nobody does anything about it. >> the dianger of the republica in the white house. all they're talking about is spending more money on things. republicans made an issue on this with obama. they did, they kept the spending down. that's gone now. the closest we had to heading in the right direction was late obama years when the spending was-- >> well, i think with bill clinton and newt gingrich. we started reversing it. >> that's the last time that--
>> well, obama did not raise taxes to clinton levels, that would have led to surpluses. neil: well, no, he had an internet boom as well and he had mutual consensus working with gingrich at least slowing the growth. >> under the administration it's not growing as much as obama. neil: not that you're trying to dismiss 23 trillion in debt like it's no problem. it was goes fast under reagan and-- >> you're drinking the kool-aid, too. >> he knows the flavor. neil: yes, he does. you know the flavor. lemon. deirdre, wall street to charles' earlier point, too, if it's panicking, a funny way to show it. separate issues, trade notwithstanding, they've been marching through all of this acquiring the debt. >> from the time i spent on the floor of the new york stock exchange, trade was the number one issue and everything else was really a close third--
rather, a far third from those two issues. neil: what does it say? >> it says that we believe that interest rates are going to be extraordinarily low for an extraordina extraordinarily long period of time. i think we've entered a period where the rates are so low, everyone is going to have to-- all the books and manuals out there are going to have to be rewritten. as long it's that low, we can service this debt. to jonas' point, and eventually trillions a year and take us off the cliff. neil: and can you tell us when? >> you and i will be in our rocking chairs, or maybe eating a little bird with blind folds on. >> in germany you have to pay for the privilege of loaning the government your money, right? if you're buying government debt, i mean, even if ours looks not as great as under clinton, it's still-- >> the large saving grace is in the world of dwarfs, we're the tallest.
>> cleanest dirtier shirt in the closet. >> and buying bonds, investors are willing to own foreign debt at a negative term. a yield, 2%, how can people lend money to the government at 2% with all of this deabt. that's a break even. >> we might head down there at the rate we're doing. would i say if we weren't borrowing a trillion a year, we would be at 1 or a 1/2%. >> and it's the care that. neil: and the whole thing blows up with the debt thing. does that enter into your equation when you advice people? >> not right now. even this week, the semiconductors stocks, i'm salivating to go in and buy some great semiconductor stocks next week. neil: something's wrong with
you. [laughter] >> the danger, neil, if it's all of a sudden. >> that's like the fitzgerald, a character and saying how did this guy go bankrupt? it was mriek-- like gradually and suddenly. neil: i'm hoping one of you would give me a date here. >> you want to know. neil: thank you all for coming in on saturday and so much more. all right, we've got a lot more coming up, including the president firing back at the 2020 candidates, but taking aim at tulsi gabbard accusing the president, she accused the president of actually supporting al-qaeda after this. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that.
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today than they were in 9/11, our president is supporting al-qaeda. >> we've captured 100% of the caliphate and we've done a big job on al-qaeda and everybody else. so for her to make that statement is ridiculous, frankly. neil: all right. was that a little over the top, congresswoman now running for president, tulsi gabbard, to accuse the president of the united states actually supporting al-qaeda? obviously the president disagreed with that. joining me, retired u.s. marine corps commissioner jerry good afternoon. >> good afternoon. neil: happy to have you on board ap thank you for your help. let me get, first of all, your sense of this back and forth of al-qaeda and leading aside the ridiculous of the president supporting it. but the notion that it's alive and well, it's not dead, it's not gone. what did you make of that? >> well, we're three
administrations into fighting al-qaeda and just a couple of days ago we found out that osama bin laden's son groomed for position of power for that organization was killed. the thing about al-qaeda, they're like a spider web, if you cut off one, others are alive and well. we've been at these groups so long. ins an international organization equipped with fighters and doctors and lawyers and leave on sabbatical to go fight. it's an ideological war and that's why it's so hard to fight and argument over what the right strategy should be. i don't think there's anything gained for tulsi gabbard taking exception to the president with saudi arabia and al-qaeda: there's plenty to criticize when it comes to the president and saudi arabia, or gabbard.
are we going to say that al-qaeda is an enemy we're all trying to get rid of. neil: you know, joey, dealt with this in brutal ways, but i see these terrorist groups that morph into other groups and they become other threats and is that the issue here, whether you call it al-qaeda or some other group, that they always evolve and that's what we have to worry about? >> well, there's the politics of these groups and then there's the people of these groups, not unlike political parties in various countries around the world. there are displaced people that are desperate and willing to give their lives for it and then there are puppet masters that have money and means and looking for ways to disrupt countries or fight against the u.s. for any reasons. one is the victim of the other in some ways. probably the about earn that planted the bomb that took my leg was probably told something rather than true. and we're chasing the people in
power that are corrupt and brain washing people and we're fighting the people that are brain washed. al-qaeda is going to take various forms to stay alive because the people with power in these organizations understand that. if it's isis today and al-qaeda tomorrow or vice versa, they're looking for places that are vulnerable and people that are vulnerable to stand these fights and cause the ripples across the world. >> and swinging halfway around the worrell and focus on hong kong for the time being. you might have heard, obviously, ongoing protests continued and the chinese promised to crack down on the protests and some live shots are coming into the news room right now out of hong kong and one of those cities are crowded authorities say we don't say this is a good idea. the response is it's still there. they haven't pulled the trigger quite literally. what do you think of all of this? >> i think it's something where we have to sit back and look and
say, now, what an amazing time to be living in the united states of america, where we can go out and protest and anything shy of antifa and white supremacist is acceptable. meanwhile, halfway around the world, an economic power that is basically suppressing people they're willing to risk their life to speak their minds. i'm far from an expert in chinese policy. i've studied it enough at georgetown to know they kind of like to have their cake and eat it to. a communist country with the economic and found a way to take advantage of systems around the world and people in hong kong trying to have a semblance of freedom. in 2019 we're watching this, one of the major powers in the world and yet, we're calling oppression, whether or not we have bathrooms whether we have bathrooms that are nonbinary.
and my opportunity to say how lucky am i to be born in this country. i've seen some of the worst places and come home to it, and talk about there's enough bathrooms as opposed to people having basically human rights. neil: you know, joey, i've asked this of people and this is the best response. thank you for all you've done for this country, and all you've done for it. >> thank you, sir. neil: congressman elijah cummings is getting ready to speak in baltimore, talking about that city and what's happened to intensifies. but perhaps this year, a more exhilarating endeavor awaits.
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who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. >> all right, we've been keeping up with what's happening in hong kong now. these pictures are coming out of the city, one of the more crowded cities. this were protests earlier, that's actually the most crowded city on the planet, per capita. and this is a similar crowd with pro democracy protesters have gathered. security forces under direction from chinese authorities have told them to stop gathering. as i've mentioned before, they're not heeding that advice and they're promising to continue this, arguing all sorts of things, including the arrest and no updates on a number of
their fellow protesters. 55 arrested over the last 24 hours and they're wanting to know where did they go? did some of them disappear? and this, of course, on the heels of prior protests, seen tf protests over an extradition agreement that if you're picked up in hong kong or questioning, they ship you to china for such questioning. they shelved that plan, but they didn't relove it. and that's an argument that they have no intention of formally ending the practice altogether. so we're keeping an eye on that, very, very closely. back to this country and baltimore maryland where understanding that congressman elijah cummings plans to speak at what they're calling nature place states. rehabilitated from a dumping
ground. and this on an ongoing feud over the conditions of this city. joining me is former maryland governor. good to have you. >> hey, buddy, how are you? good to see you again. neil: let me ask you about baltimore and as you see it. the dire poverty and some of the issues the president raised, is that on elijah cummings? >> well, the president-- no. the president hits back, as you know, neil. regardless of creed or color or party or race, when you're attacked and obviously the democratic leadership and using the r-word and impeachment, the i-word. the president always hit back. it doesn't matter your station in life, whether you're a congressional leaders or a hollywood celebrity. so, one, i think this is sort of misplayed by the national press. this is a president that's m-o. you've reported on it for years. when he's hit he's going to hit
back regardless of the accuser, so to speak. neil: shouldn't the president be different? do you think a president should be held to a higher standard? >> well, i think whether you like him or not, whether you support him or not. agree with him or not, neil, this is his m-o. this is-- >> would it be yours, governor? i've never heard you talk like that. >> it's not mine. no, it's not mine. it's not mine, but i'm not going to dictate to a politician or present politician. and that's his m-o and what he does and everybody knows it, neil. with regard to baltimore, obviously, a lot of familiar problems. in my view, the denominator is, it's fatherlessness and continually failing public schools, and once you have-- once schools fail, in my view, everything else follows. working class, middle class folks simply do not want to live-- a lot of folks cannot afford to send their kids to private school. what do they do?
they move out. and everywhere the schools have been a particular problem over the year in addition to the proliferation of small gangs, neil. we're not talking about the major gangs, but they're here as well. but in baltimore it's unique. there are a lot of small gangs and police cannot control them. they have their own rules of the road. you walk on the wrong corner you're shot, you're dead. it's very decentralized drug issue in this town, drug industry i should say, in this town. when you add the familiar ills, you have a city in decline and baltimore has been in decline for decades. neil: the president has a good argument when he talks about his action maybe to your point, his controversial words. african-american unemployment is the lowest it's ever been, and unemployment in general closest to the low it's ever been. wage gains for african-americans are eclipsing though.
>> criminal justice reform, a major bill. neil: so do you think that he rips that by saying some of the stuff that he does, it squashes the otherwise positive message? >> yes, i mean, obviously for those of us who support him and i support him a thousand percent, supported him last time, support him next time. at times when we talk about the personality conflict, you step on your message. this record, as you just articulated and i would add again, criminal justice reform, the first major bill. neil: a better example. >> a serious, substantive positive record about progress and the minority communities generally, neil. i would love to be on your show today talking about this, obviously, about the facts of the last two and a half years, rather than the personality conflict between a democratic leader and the president. but again, whenever there's conflict, people are going to report it and that's your job, i get that, but hopefully at some
point, sometime, we can get back to the substance. i know it's a silly season, democratic primaries out there, everybody using the r-word and accusations, no progress. frustrates me, however, i had a fit over baltimore city schools ten years ago as governor. i was to we'll take care of our own schools. and the kids with their constitutional rights, here we are decade later, sam schools, same cry we need more money, more money. we need radical change in baltimore. radical property tax change. we need charismatic leader. rudy guiliani did it in new york and we need that leader to emerge, i don't care what party or what color. neil: governor, thanks for taking the time. we appreciate it. >> good to see you, neil.
neil: and we talked about the political landscape, one fellow didn't get as much press, even though he tried to get in the middle of the progressive onslaught, former congressman delaney, businessman by experience and pragmatic he says in his gut and he's worried about his party and the message that it's sending. that's coming up. >> why do we have to be the party of taking something away from people. >> nobody is-- >> they're running on, they're running on telling half the country that your health insurance is illegal, it says it right in the bill. >> we're not about trying to take away health care from anyone. that's what the republicans are trying to do. iend, 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 antonio! fetch computer! antonio? i'll get it. get to know geico and see how much you could save on renters insurance.
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you. >> great to be here with you, neil. neil: you know, you've got a lot of response, critical praise, helped to raise a good deal of money within the first 24 hours higher do you think that's goin? >> in the right direction. we need 2% in and we have. and we have to get the donors, a a requirement. we had more donation than the prior months. neil: did you feel you were going against the grain, congressman, you're still a progressive guy, but you were kind of telling some of your colleagues, elizabeth warren and bernie sanders and others, we have to dial back on this a bit and we've got to pay for this. and you were admonished by elizabeth warren, don't tell me what we can't do.
what do you think of that reaction? >> i think when you can't defend your policies on the merits, you end up saying things like that's a republican talking point. or you say things like you're not being ambitious enough. so, i view those as kind much lazy, dishonest responses to legitimate questions about policies that they're putting forth that are misguided and more importantly, they don't represent where most americans are. i mean, they're running on a platform that may appeal to a minority of the democratic party, but it's not even close to appealing to what the majority of the american people want. neil: i'm wondering, congressman, if that's even typical of the democratic party, that they might be alienating themselves from the party voters themselves, let alone the general electorate? >> yeah, i mean, if you look at democratic presidents since world war ii, every one of them has been a center left democrat and as i said in my opening
statement the other night, you know, we had, with mcgovern, mondale and dukakis we saw what happened. with bill clinton and barack obama, we put forward candidates who were more center left democrats, which is where most democrats are and certainly where most of the american people are. i think the choice is clear for the democratic party. do we want to beat donald trump? the answer is yes, we have to put up a candidate who is running on stuff that majority of the american people find interesting and at the end of the days those are common sense, pocket book issues. neil: i haven't had a chance, congressman to talk to you since the debate, but i did want to get your reaction to the new york mayor bill deblasio said we're democrats, we want to tax the hell out of the wealthy. what did you think of that? >> i was actually travelling the night of the second deeb so i
didn't watch it. neil: that's what he said, take my word for it. >> i believe wealthy americans should pay more in taxes. the way i want to do it is by making the capital gains rate equal to the ordinary income rate. i see no reason people who invest for a living should pay less than people who work for a living. and by closing that loophole will gra create a more tax system and generate more revenue from wealthy americans. that's a common sense way in creating more equity by the tax code. does anyone think that the wealthy won't invest in their capital gains are the same as regular? that's ridiculous. neil: your take on it, democrats don't talk about it much and as you pointed out republicans don't talk about it much. does that fact alone, the fact
that it's expo tensinentially g and at a minimum. what do you think? >> i think it's terrible, immoral. i think we're supposed to leave the world better than we found it. one day our kids or grandkids will worry about this. and the period of incredibly low interest rates we've lived in the last decade wasn't always be the case and interest on the debt will crowd out the other important priorities and prevent the next generation of americans from investing both in our nation and things like research, infrastructure, in our military, every priority any americans cares about will be negatively affected by this when we enter into the environment. no one knows when it will happen. none way it will happen. neil: congressman, you deserve
to be heard and if they hear what you have to say, pretty sound ideas. thank you. thank you, neil. nice talking to you. neil: we continue to watch the hong kong protests. these could escalate. the big issue, if we can't trust the chinese to hold back, what can we trust them on trade? and how after this. my experience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today.
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>> welcome back, everybody. i'm neil neil. we are focusing on hong kong for good reason. the protests could continue there, but what's interested in the populated city in hong kong, it wasn't supposed to be going on. chinese authorities said we don't think it's a good idea. for the tenth weekend in a row,
hong kong residents are fighting over apprehension of a number of protesters, 55 in the latest go-round. a lot of the other protesters want to know what's going on with them. where are they? and this occurs when we tighten the screws with with china when it comes with the ongoing trade talks or the lack thereof shall the president essentially putting tariffs on the remaining goods we get from china, the 10% levies. if you can't trust them when it comes to trade? can you trust them with rising insurrections going on? and with us is charles payne, jonas max ferris and deirdre bolton. >> that's are civil servants. these aren't just students. not that we would ignore students. but these are people who work
for the government, a lot of from accounts, they're middle aged and have government jobs. this isn't the profile of a fire starter. i think this underlines how seriously-- for some people, i've spent time in the region, it's kind of like new york, they want to be there, they wan to run their business, they want to make money and they don't want a lot of political fuss. i think this is different/scary and extraordinarily bad pr or china. and you have to think people in taiwan are watching this, hong kong was trying to pay by the rules and china couldn't leave them alone, i think this is the time for china to look good, but it's horrible. neil: and we worry about tiananmen square and if it happens like that, then what? >> i think we should worry in part. video surfaced this week of the people's liberation army, the
main garrison in hong kong practicing riot maneuvers with paints and the commander there saying that they have seen an up tick in extreme violence. in other words, laying the groundwork the justification for that going on. that has not been the case. what i like about this now, initially you felt, okay, the protests, the idea that any hong kong citizen could be called to mainland china to face their judicial system. no one wants to face that. the argument when they first said, okay, well, china will-- hong kong will eventually go back to china 50 years. the idea that maybe hong kong can influence china and i was thinking maybe that couldn't happen, wouldn't happen. who knows if this goes on and enough people in mainland china get a whiff of it, maybe it could change the pendulum in that country as well. neil: jonas, we had on gordon chang, written about china and china threat and at its core china remains a military entity,
more than a capitalist juggernaut as i said, and will respond as such. >> things are dinner from 30 years ago. their own wealth and success might make it hard to act that way. and what the people are not going to put up with anymore. and like protests here. if the rest of the country was run like hong kong, we wouldn't be in a trade war. i'm wondering if that made the people to revolt. it's like they're weaker now, china. you can't get away with the way you behaved 20, 30 years. in hong kong they can use facebook and-- >> you can't in chinaments and that element makes it difficult to do a tiananmen square in hong kong. neil: deirdre, you can look at this and say we have not use this had as a wedge in talking to the chinese on trade obviously by design, but that
could change, too? >> that could change, too, it seems there are new trading agreements drawn up even between japan and south korea. i think the asian region is shifting a little bit and what the charles was talking about, that's a kickback from the business community. if you're running a competing company, oh, yeah, he's embezzling stuff and put in the clinker in china and never heard from again and my business quadruples. neil: thank you for coming in on saturday. much appreciate it. charles works like seven days a week anyway, so whatever. we're monitoring this and monitoring protests in moscow. we didn't get into that, but we will. fox news continues after this. oh delicious. or delicious... or fun. ♪ but since you need both car and home insurance,
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offering no indication his trade war with the country is going to end anytime soon. welcome to america's headquarters, we're live here in washington, i'm gillian turner. leland: nice to be with you. the markets are not happy with the president's thoughts on that. i'm leland vittert. the president is saying that things with china and going very well. and the markets are questioning that. and encouraging other countries to strike deals with the united states. mark meredith is with