tv Risk and Reward With Deidre Bolton FOX Business September 21, 2015 5:00pm-6:01pm EDT
>> we're thrilled. we don't know the difference. because we haven't worked for a bad boss. why would you. connell: we prepared this. >> perfect. does it for us. connell: it does. >> do you want to take longer? or hand it off. you know what? "risk & reward," it will start right now. >> everything i hear he will be dropping out next day or two, maybe as late as tonight. reality is -- >> hold on that is breaking news. you say as early as tonight scott walker may drop out? >> may drop out. jo ling: you heard it here first on fox business. former reagan campaign director ed rollins telling our own liz claman, wisconsin governor scott walker will drop out just moments in before the news broke. jo ling kent in for deirdre bolton today. scott walker will suspend his campaign effort today, effectively ending a once promising, much louted gop presidential bid that just owecollapsed over this summer.
with me democratic strategist jessica ehrlich. crystal wright and hadley heath manning from the conservative group, the independent women's forum. i will start with you first. what did you guys think? what did you expect out of this? >> you know, this is a real shame because governor walker has been a great leader for the state of wisconsin but this is crowded field. he hasn't really had a chance to stand out in both major debates. he hasn't really made a name for himself. jo ling: jessica, this doesn't completely come at surprise he was polling down at zero percent. what do you think will happen to $20 million in super-pac money socked away for his campaign? >> it will be very interesting. it certainly will give him a little toehold and maybe being able to have influence over who is the actual nominee when we get closer and closer. certainly he will be able to, you know, give that money to another candidate. he could give it to the party. there are some different ways in
terms of a super pack you can distribute that definitely a ton of leverage you can use in terms of being able to be instrumental in who the actual nominee will be. jo ling: crystal, how does this affect the overall candidate situation? does it give someone like carly fiorina a bump? or does it help ben carson? who does it actually help here? >> i think as jessica alluded to, this opens up the door for folks who were walker supporters to get behind another candidate. and i'm not sure, you know, i would say carson might be the heir apparent to the walker faction, if you will. but this doesn't come as a surprise to me. i never thought governor walker would have the personality to really translate on a national stage. what we saw with him polling half a percentage point, that you know, was borne out in the last two debates sadly. we'll see what happens. jo ling: hadley -- >> -- i definitely. jo ling: hadley, this may be a
change now for that smaller debate that used to happen ahead of the prime time debate. do you think, what do you think is going through someone like bobby jindal, governor bobby jindal's mind right now or governor pataki who are also sitting so low in those polls? >> you know what is interesting, both governor jindal and positive walker were one of the few candidates in this race who came forward with real specific policy proposals. both of these men offered policy proposals how they replace the affordable care act or obama care. in some sense they're similar candidates but those issues are not really at the forefront. instead we're having discussion largely centered about personality and personal resume's which is not off limits, certainly important in the election. i would be thinking in the bottom tier this does not bode well for those candidates. jo ling: we'll have more later in the show. meanwhile scott walker is scheduled to speak very soon. we'll bring that to you live as soon as he arrives in madison, wisconsin, to the podium. the latest on the u.s. response
to the migrant crisis. the u.s. is set to boost its refugee intake by 30,000 over the next two years. take a listen. >> i'm pleased to announce that today the united states will significantly increase our numbers for refugee resettlement in the course of this year and the year after. last year i think we were at 70,000. we're not going up to 85,000, with at least, and i underscore, the at least, it is not a ceiling, it's a floor of 10,000 over the next year, from syriaistic specifically. jo ling: secretary kerry saying it will be 85,000 in physical 2015 and 100,000 refugees in 2017. we have counterpoint from republican congressman rodney davis. you say this is situation that did not have to happen in the first place. why do you believe that? >> well, i believe that if the administration would have done a
better job of insuring that isis was not able to gain a foothold over a wide swaths of territory, in syria and iraq, these refugees wouldn't have ever had to leave their home. jo ling: well, the situation now though as it stands, there is serious emergency for these refugees who need a place to go. you know, definition of a refugee is person who fled their home because of war prosecution and who is able to prove it. you say you're worried about part of the screening process. what part of that process are you specifically concerned about exactly? >> well, we've seen recent reports of al qaeda operatives going through the refugee process from iraq and ending up in communities like bowling green, kentucky, where they have decided to try and wage warfare against the united states on our homeland. we have to have better security screening to insure that those
who want to hurt americans are not allowed in. look, jo, i have the utmost compassion for those who are put into the situation of feeling as though their families have to become refugees. that picture of that young boy lying face down on the beach, that tore my heart out because i'm a dad too. and i can not imagine having to make that decision for my family. but we as americans have to protect ourselves too. this administration needs to do a better job of insuring that we don't add to the refugee crisis by letting isis to continue to control wide swaths of territory that they have done. jo ling: certainly this is a multipronged approach, right? there is refugee issue and political strategy and dealing with the potential security side of the refugee situation but what specifically do you want to change in the security screenings? you were not specific. >> well, i want to make sure that we have a better idea of anyone who is coming into this country because as it has been clearly shown, the process that
was in place to screen iraqi refugees failed until those refugees came to america, and they were found out to be al qaeda operatives. we need to insure that isis operatives are not part of any large-scale refugee influx into this country. we need to do a better job of putting better security procalls in place. i just don't trust the administration to do so. we have invested $4.5 billion of american tax dollars to help the refugee crisis already. overseas, to help the allies. we need to insure that it is not throwing money at a problem. it is putting great screening protocols in place. some of those screening protocols, congressman, actually are put into place by career state department individuals at very senior level. actually those people are not exactly partisan but we really appreciate you weigh in on this. congressman rodney davis, thanks for joining us today. meanwhile the pope arriving
in santiago, cuba, as we speak. there are live pictures right there but as the pope makes his way to washington later this week there will be a greater focus on his politics. he says capitalism and quote, tyranny of money hurts poor. with the latest, we have fox business's peter barnes. hey, peter. >> reporter: hey, jo. this pope is not shy i think everybody can agree on that. he started his visit, his trip with this visit to cuba. and among other things as you know, the pope was instrumental in pushing the obama administration to normalize relations with cuba. he is also spoken about many other controversial issues. for example, here is how he is characterizing the refugee crisis right now in europe. saying quote, today's dominant economic system removed the person from the center and at the center is the god of money. it is fashionable god today. i mean there are statistics i don't remember very well, this is not exact, and i could be
making a mistake, 17% of the population has 80% of the wealth. on his visit here experts expect he could comment further on income inequality as well as abortion and the environment. >> i expect that the holy father will probably focus as he has done consistently in his pontiff if i cat on dig value of human life and social development that allow as life to fully develop. he will also speak i would expect to the our common home. >> reporter: and common home as the term that the pope has used in describing his support for climate change. now white house official said last week that the administration hopes that the pope's moral authority will help it advance issues it agrees on him with, like fighting climate change, poverty and inequality. jo? jo ling: peter barnes, fox
business, thanks so much. all right, pope francis is leader of 1.3 billion roman catholics. my next guest says he uses influence to help the poor, he should embrace capitalism. matt welch, "reason" magazine. what exactly do you mean by that because you heard counter point from peter barnes? >> less he needs to embrace capitalism. we don't expect that from our popes. long time since the pope said -- jo ling: they're not exactly economist. >> right, it is not their job but this hope has taken himself to be kind of center of the anti-capitalist critique. he puts america at head of some neoliberal type of economics which he said, as you see in the quote before somehow destructive to the individual. but what he gets wrong about that over the last 30 years, 25 years, we have seen the most radical eradication of poverty on a global scale. it wasn't by people who were waving sticks saying income inequality is bad.
by people who liberalized their economies and embraced capitalism more, not less. so this pope is getting it wrong, basically. and this is not a small question when it comes international development. jo ling: in addition to being real serious religious leader he plays a role putting set of beliefs he believes the will move the needle a little bit even if his beliefs are further down the spectrum. doesn't you feel perhaps that is what he is just trying to do, get this conversation going in more critical fashion to advance in a different direction, even if it is ever so slightly? it is not this extreme agenda that some people are painting it out to be? >> i think it is emphasis he is placing on it, right? it is not just saying, you should help your brother and, help everybody else around you. that is welcome message at anytime. it is a square, down to the heart of the plate when it comes to a epto but he is really
seeing capitalism as the problem. it creates vial, filthy environmental degradation. that is untrue. once you get beyond certain level of development countries become cleaner not more dirty. he gets that fundamental development wrong. the place he is ministering too like latin america, africa, places, they're finally not becoming poor for first time in their histories. for the pope to emphasize capitalism is the problem i think is misguided effort. jo ling: we'll see what happens when he arrives in washington and new york. matt welch, editor-in-chief of "reason" magazine, thank you. >> thank you. jo ling: were they too hard on trump if that is even possible, showing their true colors. this is comments in interview trending on the web, bill maher defending the arrest of a muslim 14-year-old over the clock he brought to school. here his full comments after this. >> 14--old mlim american
teenager in texas who built a clock. he is a science kid. that's great. can we show the clock? okay. and people at the school thought it might be a bomb. because perhaps it looks exactly like a [bleep]ing bomb. [laughter]. you owned your car for four years. you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends. three jobs. you're like "nothing can replace brad!" then liberty mutual calls. and you break into your happy dance. if you sign up for better car replacement, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. see car insurance in a whole new light. liberty mutual insurance.
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and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. >> donald trump of course is running for president. to the delight of uncles everywhere. [laughter] but, i've pot to say, sure -- got to say, sure donald trump seems racist. what else? [laughter] >> what a great honor it must be for you to honor me tonight. no, no, i'm so sorry. donald trump said that, i'm sorry. >> there is one category of
television that allows us as a society to sit back and enjoy the simple spectacle of reality. a reality where a panel of millionaires fight like sharks to be chosen by average middle-class americans. but enough about the republican national debates. [laughter] let's get to the award. jo ling: that is donald trump taking some hits last night at emmys. critics saying the other side didn't receive nearly as many. back with political panelists. democratic strategist, jennifer. and hadley heath. and crystal wright showing emmys true colors. why do you hear that. >> i tuned in to hear julia louis-dreyfuss talk. i turned channel. bash trump. bash trump. not saying about hillary clinton who is corrupt liar. i thought i was watching transgender emmy awards because
the whole night was about the transgender folks who represent, i think half a percentage of the population? less than the 3% that bay americans do. yet all they could do, typical hollywood elite. twist reality and twist america and bash republicans say nothing about democrats. then push a guy agenda. it is ridiculous. jo ling: one point of view, certainly. jessica, what about the fact that trump put himself out there as reality tv star? he should be expecting this type of thing. didn't seem to bother him personally anyway? >> yeah i think he loves any kind of publicity he can get, surely. these were comedians. he does have his own tv show. this is the emmys which is for it. v. and i mean it is one of those things where you know, he is already out there. the democratic debates haven't started yet. i think will be a very rich season for television comedians going forward. i mean there is so much going
on. there are some different stories they can go with. who doesn't love, you know, as making fun of trump? it is writes itself in many ways. >> that is easy bait. how dong do you think, hadley, trump will stay in it to give comedians as much fodder to work with? >> he willest in as much as he possibly can. there is nothing new. there is large overlap because of politics and entertainment because of candidates like trump the overlap is growing more. country music awards couple years ago, making fun of obamacare. it does happen. conservatives bear majority of the brunt of jokes but this is nothing new. jo ling: we're i -- sticking to 2016. hillary clinton democratic candidate saying she is a quote, real person yesterday. take a listen. seems like we do not have it. it is from "face the nation." she was speaking with the moderator jake dickerson, john
dickerson, she was saying, yes, i am a real person. hadley, what do you think here? did she sound real? how did that authenticity come across? >> i don't think it came across at all. margaret thatcher is being powerful is like a lady. if you have to say they are, maybe you aren't. her protesting call in into question our authenticity when americans are worried about when she says she hasn't driven a car since 1996. getting six figures for speeches and she is battling a out of touch problem that is getting bigger. >> give us three words that is the real hillary clinton. >> i can't possibly do that. >> just three. >> look, i am a real person, with all of the pluses and minuses that go along with being that. jo ling: crystal, look, we don't often get to see hillary clinton laugh. some people say, look it is just her trying to let loose on a national television stage.
it's a little bit nerve-wracking. what do you think of that? >> i laughed right with hillary because she can't even give three words who she is. she has lived in that body for a long time. she should -- she is running for president, for goodness sakes, right. should give any viewer three words that describe her but this speaks to what hadley says, said. she is not real. she comes off completely as fake. so cerebral. what we know hillary clinton sending more time to cover up her lies. real people don't buy a server and keep it in their house when they're secretary of state so they can use personal emails to communicate. real people don't do that. in my opinion. jo ling: jessica, last word here. the democratic debates will be starting soon. how do you expect the candidate clinton to change? do you expect her to do more of the sail? >> i think they definitely are making a concerted effort to have her seem a little more down-to-earth. but irony here is that she really is, i worked with her before in the senate many different times.
she is very real, lovely person. but it doesn't always come across when she is campaigning. i think that is sort of what they're trying to overcome right now. certainly this is a cast of characters that are currently, you know running president. little reminds my of bob dole. who knew when he was running for president that he was actually hilariously funny? it would have endeared him with a lot of voters at the time. even for me at that point. it is one of those things it is important to see in this election cycle to have personality. who has more personality? look at way carly fiorina came across. i don't think she is necessarily concerned about being real as much as she is about being powerful. so there is a little bit after double-edged sword in a way that hillary has to play. >> i disagree. jo ling: how powerful is she? is she in charge? make her more down-to-earth being a grandmother versus secretary of state or senator. it is interesting dynamic. jo ling: thanks from the panel. we'll hear more later.
switching to facebook and google, they holding out the welcome mat to 14-year-old clock engineer. billionaire mark cuban is slightly more skeptical. >> english teacher apparently said look, you have to put it in your backpack, because it will make people nervous and making me nervous. again, he wasn't responsive to it at all. took six classes before anything happened. >> right. ♪ >> the he says the teacher was right to question the young engineer's invention. but first a new report says this week will be the worst trading week of the year. don't worry, our market experts know what to do, next. ♪ ♪ ♪ (under loud music) this is the place. ♪ ♪ their beard salve is made from ♪ ♪ sustainable tea tree oil and kale...
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he is no longer national. he will address supporters soon at the top of the hour. we will bring that to you live. now, according to financial blogger ryan dietrich the s&p 500 worst three weeks have occurred in september. september. could this week be the toughest of all? joining me now, my panel. i will start with you, bullish on the market, optimistic. >> although i agree with the fact that because the fed did not settle any issues in the last meeting, we will see a lot of volatility. it is more of the same unfortunately.
this may be at that time of year, but how does the fed change their perspective on this. late rises in december or the month after. >> i would be surprised to see any rate rise this year. the cited weakness overseas which is not part of the mandate, slowing growth which is true, and looking forward, i do not see that improving. continued slowing of growth. what we will see in the next earnings and already getting broadcasts of warnings. citibank came out with a warning. caterpillar has had declining growth every month for the past 33 months, actually a precedent. >> a lot of that came from the fact that we have a strong dollar. other headwinds.
what do you do if you are an investor? supposed to last until october 3? >> the common thread is not us revenue streams. caterpillar, a lot of overseas. you look for the opportunities presented themselves for companies that have good balance sheets, dividends, us-based revenue, and those are the names that are really opportunistic. we have seen a lot of rolling negativity in the market. industrials are destroyed. there will be opportunities and are now opportunities to love on these names that have good dividend and cash flow and look attractive right now. deirdre: all right. thank you for joining us. next up, silicon valley and the white house may be
eye and tell me, if so many muslim, young muslim men, 14, but that this never happened before. not blown should offer on the world. this kid deserves an apology. he was not one of them. why would a homemade pocket arrested umass. this just might be my white privilege talking. i just let it go. in our religion we were responsibleresponsible for september 11 with the madrid bombing, the london bombings.
deirdre: is student who was arrested for a homemade clarka homemade clock brought to school after his teacher thought it looked like a bomb. that is what you just saw. rolling out the welcome mat. political panel is back now to weigh in on this. i want to start with you. as much as what belmar said may make sense, it does appear that this was a profoundly issue. he said that he was interrogated. >> it was profiling because he said muslims are the ones that are pouring gasoline on people, burning them alive engages. >> is it fair?
>> because muslims, radical muslims are radicalizing young people, just like that young man. they strapped clark's like the young man made to their bodies and become suicide bombers. donald trump, people talked, he came out and said, yes, we have a radical muslim problem. when he is aligned with belmar someone is speaking the truth. this was about profiling. he was a dry run to encourage other people like to 14 -year-old to do the same thing. and like you said, you want to be the teacher. politically incorrect. >> political and correctness
>> you know, how does the student say repeatedly in what he calls an interrogation what do you think? >> it depends who is doing the interrogating. >> five police officers along with the principal. >> when you are dealing with something that is involving a child and certainly there are laws on the state level and the federal level to protect children protected to have in particular, but the sad thing is, whether it is a bomb or a school shooting, more of a commentary on the world that we live in whether is your flight attendant or teacher, having to serve a dual purpose. they actually have to worry about protecting the other students that are there. it is a sad state of affairs
, what it has come to. whether heto. whether he had on the side of caution or not, what happened afterwards, those will be legal matters going forward. certainly i know the sheriff has made comments about them doing their due diligence, this is a state we have been in since september 11. what do you think this says to kids of color who will want to get into engineering? what kind of message do you think that this sends? did they do the right thing? i don't out there encouragement of the sermon is sincere. trying to brand themselves not only as an innovative
but welcoming. companies like facebook, twitter, google, twitter, google, they want that to be a part of their brand. >> a complicated situation to all three of you. we are going to switch gears if you are interested in bond funds you might want to listen. you are report. the apple store hit by its first-ever major hack attack hundreds of millions of iphone users may have been affected. find out if you have been affected next? at mfs investment management, we believe active management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. because active investment management isn't reactive. it's active. that's the power of active management.
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raise rates was a close call. what happens if it occurs in september or november. >> a lot of talk about rush for the exits. interesting numbers from barclays. a major selloff in the high-yield bond fund. it could be worse, could be more than the average falling the market itself, 12 percent on a 10 percent in the market. fund managers have to sell their liquid assets, dump cash, treasuries, anything that was easy to get rid of and i left with the least valuable investment. of course once that happens fund investors make it out altogether.
not saying that this can back out of you come with that is the analysis being done on wall street about the safety of some of these investments. almost everyone would have a bond fund. >> how do you prepare for this? it is such protect yourself and your enemy that. understand we are interested in. you have to stay in place for some time. not choices you're making for one, three, six, not even nine months. always the expert.
20 percent. the epa forced it to halt sales. just announce it would begin hearings with vw. jeff flock has the latest. >> in addition we have breaking news. the us justice department has launched its own investigation in addition to congressional hearings looking into what happened there. vw not even denying they installed a defeat device that got around epa regulations. one of the reasons the stock has tumbled today, stock trading in germany was down 20 percent, lost $16 billion for the market. just incredible.
one of the reasons the potential fine. right now it is only confined to the us. not likely they would find them that much. some of the most popular vehicles, the diesel versions of the beetle, golf, jedi command audi a3 and 2014 in 2013 versions of the façade. he said, i'm personally deeply sorry we broke the trust of the public. it is almost incredible. we have been through tough times with toyota, but this appears to be a deliberate attempt to circumnavigate
epa clean air regulations. terrible to designers so that it would turn off the emissions controls, but when it came in for testing it would turn on the control. genius. >> really is a pretty complicated attempt. thank you for bringing us the story. republican wisconsin governor scott walker planning to suspend his presidential campaign. less than 15 minutes command we will bring you have life. and now confirming governor scott walker will be out of the race. first, the apple app store 1st ever major attack. find out if you were affected. apple could be coming out with its own car sooner than
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♪ >> and apple car could soon be hitting the road near you accelerating efforts to build an electric car and set a knew, sooner target date for shipping. foxbusiness gerri willis, fox news radio host. i want toi want to start with you. they will go right up against tesla. is this a good idea for apple? >> it is a bold idea. i think that apple is a company that can innovate unlike almost anyone else.
they tend not to be the 1st to market and that tends to innovate out competition. there is a good chance apple could pull it off. >> they are going to build a car, not the software which is the smart thing, which is what i would want my car to have, apple software instead of the soup are stupid software i have. >> i know. but henry ford, wheels, rubber. it is confusing. >> wall street analysts said it was more about pushing people into the system permanently. >> it is kind of the last step, the ultimate personal electronic devices the car. all of the things they can get to go in it and hardware they already have. >> outsourced the actual
construction of the car. >> two ways that they can do it. they have to retrofit and change everything again or innovate and do with they can with the iphone. >> i think they will do it. >> something different. >> speaking of phones, we have to quickly hit this. applications in china or infected with malicious software over the weekend. exposing vulnerability in the platform. how concerned should we be? >> i would not be concerned. there are two sides. day, apple finally has a virus. lifelong mac users have long waited for a virus.
i got another computer virus. the other part of it is, apple is so controlling about the process. as an iphone user, if i jailbroke my phone i would worry. otherwise there is nothing to worry about. >> unless you happen to be on the far east downloading apps produced in developing for the chinese, taiwanese market. deirdre: it was downloaded and 500 people use this. >> is definitely. deirdre: i am more worried. okay. thank you for joining us. republican wisconsin governor scott walker planning to suspend his campaign, addressing
supporters soon, in just minutes we will bring you to madison, wisconsin as soon as he arrives. so what's your news? i got a job! i'll be programming at ge. oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition! technology empowers us it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information
jo ling: fox confirmed that he canceled is planning to end the presidential campaign. to address supporters any moment now. with me now. i will start with you. who is out next? >> ii have a list myself. i am more interested to see what is happening -- what will happen in terms of his followers. they are around the same age range.
jo ling: what do you think? >> this is a rodeo that i cannot predict. i really cannot. the bottom line with walker is you could have all the great ideas in the world. if you do not have the sell the ideas you are not going anywhere. that is why we saw carly fiorino rise. jo ling: we still have yet to test her out. a very good point. what do you think? who is out next? >> any of those candidates on the 1st stage of the last round of debate are prime suspects to be out next.next. policy in principle focused conservatives will be sad to see him go. jo ling: all right. there we go.
we have a big show coming up next. making money with charles payne starts right now. ♪ ♪ ♪ >> breaking news, bakenews, big shakeup. governor scott walker of wisconsin about to take the stage to drop out of the 2016 race for the white house, choosing to suspend his campaign afternoon national poll shows him polling and just near 0 percent in the race to the nomination. let's bring in our expert panel, lieutenant colonel ralph peters. fox news contributor and concerned investor american. fows