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tv   Making Money With Charles Payne  FOX Business  March 18, 2017 6:00pm-7:01pm EDT

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happy st. patrick's day. "making money" with charles payne is next. charles: good evening. president trump's healthcare train is now on the fast track with speaker of the house paul ryan schedule an official vote for next thursday. donald trump showing why he is the negotiator-in-chief proclaiming obamacare is dead and he got sceptical gop house members to jump on board. >> these folks were mostly nos yesterday, now every single one is a yes. i just want to thank you. we are going to have a healthcare plan that's going to be second to none. charles: i spoke with freedom
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caucus congressman tom garrett, and he told me there is still some work to get done yet. >> there are some compromises that relate to the medicaid expansion funding. that's a step in the right direction. we are not where we need to be. also on the implementation, i have got a front-end versus back-end tax credit. we are looking towards the incentive angle. i don't think we are there yet. >> they are saying they will not support the bill in its current form. charles: that was an amazing meeting. apparently he worked his charm and his imagine it. his -- and his magic. >> we moved the bill a little bit to the right.
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we are focusing on block grants to states. we are encouraging people to work instead of just stay on medicaid. in addition to a pro live credit where the tax credits can't be used forward abortions. charles: let's talk about providing states with the options on block grants. what does it mean for the audiences thought quite sure what it means when the federal government deals with block grant rather than the way they have been paying so far. >> the fed cal government was paying close to 100% of the medicaid under obamacare. under this there will and block of money that goes to the states and it gives them opportunity to be innovative and figure out ways to lower the cost and provide better coverage to people. washington doesn't have the answers to everything. our state governors know the
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area and will be able to do a better job than we can in washington. charles: the federal government was going to pay everything for a long period of time, but that was scheduled to change. sohe question now is will those block grants, e they going to be justed for inflation? are they a static number? if they continue to grow, they can get you back to square one. >> what we hope the states will do is create a pathway to work. we are about a hand up and not a hand up. so if you are a single person who doesn't have children, able body, there is a work requirement in there. charles: the freedom caucus tweeting out after that meeting that they are opposed to that replacement bill in its current form. you have been backed by the freedom caucus. handicap what kind of work has
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to be done between now and ultimately with the senate. of course, your vote is next week, to get to freedom caucus and other conservative members of congress on board. >> president trump is the great negotiator. if the freedom caucus is holding out because they think they can make the bill better. but the truth of the matter is how you started out this segment. the train to repeal obamacare is in the station. you can get in now or get in next week. >> it will gather more and more steep as we go ahead. thank you very much. i think the best line there was obamacare is dead. that's music to the ears of a lot of people. thank you once again. i want to bring in my panel now. ned, let me start with you. obamacare dead. the death spiral halted. is it too good on true after all
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the stuff we heard with respect to gop saber rattling? >>it is a little too good to be true. freedom caucus saying they are not behind wbeing offered, there is work to be done. conservatives would be behind this if they were repealing the individual mandate and means tested and selling insurance across state lines. there is a lot of work that needs to be done, and i hope the freedom caucus will stick to its guns and get some good work done on thursday. charles: we know typically they don't call for these votes unless they think they have them in the bag. >> or hope they have them in the bag and continue to twist arms. the changes perhaps made today, i'm for immediate kai -- i'm foe reform.
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but i'm also for lowering premiums. buying understand on the private market. all the people that their premiums skyrocketed, they will continue to go up. it's great to address the medicaid issue. but the fundamental structure of obamacare will exist if the bill as it stands now passes. a lot of folks voted for repeal. who voted for republicans saying get healthcare costs down are not going to see that happen. charles: the cbo scored this to suggest 10 years from now the premiums will be lower. president trump hinted that we have to live with the reality that it was such a disastrous
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bill that premiums are going up next few years. if that's fluent sd fo conservative republicans, then there is going to be a major problem. >> according to the cbo medicare and medicaid should cost less than they cost right now. cbo always gets the estimate wrong. that's part of the problem of relying on the cbo. when the republicans decided to replace obamacare, they did what the democrats did. they focused on trying to get as the many people as possible access to government program. we'll always need a government program for people who can't afford access to healthcare. but republicans aren't looking at it that way. they are scared of the media story that they are going to lose their health insurance. >> what about the cost that we do see coming down.
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the taxes, the deficit. we are talking serious numbers. $800 billion on the tax side. over 300 billion on the deficit side. those used to be things that made republicans elated. is there something to be said about senate. >> yes, i think every time you can reduce the deficit that's a good thing. but at the same time there is still not a long-term making a big difference. obamacare is still in the individual mandate. the insurance mandate is still there. the medicare, medicaid is still there. >> it's still there and they tree name it something else. at the end of the day this is not what republicans campaigned about. if you are going to replace something, if it's got a faulty foundation, you redo the foundation first. you don't put up new walls on
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cracked concrete. even the changes made today, theynot fix the faulty foundation. liz: th -- charles: i think that the trump charm and that charm offensive we have seen probably will work magic it's called a compromise, so we know some people won't get everything they want. in your mind is it possible for a deal to be done? >> trump is probably more popular in a lot of these districts than they are. but the thing that's interesting today, you probably saw that politico piece where the freedom caucus has gotten steve bannon to be an ally with them to fix this. trump has a lot of clout. steve bannon has clout within the white house. how is that alliance between steve bannon and the freedom
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caucus to get things done. >> fixing obamacare is not an overnight thing. but the thing that frustrates me and other conservatives. we had 7 years to figure this out and this is the best wee can offer coming out of the gate? >> to your point, it is a complicated deal. i have got to some breaking news for you. the trump administration is taking on the consumer financial protection bureau in court. the justice department filing a brief arguing the structure of the consumer regulatory agency during the obama administration is unconstitutional. we'll come back with the panel later. in the meantime, more like the keystone the cops. a series of high-stake blunders by the sret service have many
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by the sret service have many wondering about the safetytytyty dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh.
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charles: a secret service breach involving president trump's secret service detail. a laptop stolen directly from the carve one of trump's secret service agents. it reportedly contains floor plans and evacuation protocol for trump tower. remember the california man who jumped the white house fence last week? fox news learned he was on the property grounds for 15 minutes before being detected by secret service. with all these security
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breaches, is president trump safe? there is some speculation that white house fence jumper jiggled the entranceway door into the white house. this is freight -- this fist frightening stuff. >> the fact that they were on the ground for 15 minutes tells people who want to do him harm how to do it. for all the technologies they deployed, it's not serving shim well. they need morize on human and why this guy was on the ground for 15 minutes i guarantee will be the subject of an inspector general report. charles: this certainly unacceptable. >> it doesn't make any sense
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when they say that, it's the people's house but we don't want anybody coming in. you can have a beautiful fence 15 feet high. there is other times of security methods they could be using to stop this stuff. i haven't donnell security threat assessments. you go out and try to forethink how could people get in there. then you table top exercise that. charles: these aren't assumptions. it's been done over and over again. >> how is it these things aren't being looked at. whoever is in charge threat assessments. it could be simply solved by putting another felonies and having dogs roam around in there. but they are not doing anything. >> is it time for heads to roll at the secret service?
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president trump is pretty outspoke and he's a lightning rod. there are people that we know who want to harm him. he's a grow fair yuls guy, he will pull somebody out of the crowd in a minute and he likes to hug. that's great stuff. people appreciate that. but can our secret service keep him safe in the current environment? >> it's a tough thing to do. two weeks agive was in los angeles moderating a panel on law enforcement. the problem is when you increase this threat environment and you have social media threats and you have people stretched to the breaking point in terms of shifts and hours. trying to find people to come into law enforcement is a difficult thing. we have to doughly to good fold
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fashioned sense. but whetherrer heads should roll, you have to say is it a failure of planning or a failure of people. if somebody fell asleep at their posts, they were derelict. but keeping the president regardless of party, keeping the president safe is so important to our standing in the world. charles: it's back to the future to spur middle class prosperity as president trump talks vocational job training with rman chancellor angela merkel today. afoot and light-hearted i take to the open road. healthy, free, the world before me,
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charles: president trump and german chancellor angela merkel having a busy day on capitol hill. among the many items discussed is the need to bring america's workforce into the 21st
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century, especially through vocational training. >> companies created revolutionary high-tech online course. germany has bean model for highly successful aprenticeship, that's a name i like, apprentice. charles: is the u.s. workforce going to be take in the right direction? sitting next to president trump is the ceo of ibm who said we have a thing that's evolving that you don't need a college degree it's called new collar jobs. the only caveat is we are not training them in america. >> there have been a lot of jobs in numerous companies. president trump ran on the premise he's going to bring jobs back to our country. the retort from democrats is you can't bring those jobs back.
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however, you can bring those jobs back and it only takes some training. senator cory booker says we have hundreds of jobs going unfilled because we are not train tpg our work for for the 21st century. america is lagging behind. that's something we should be able to find a lot of som -- a f solidarity. propose atlantic laying that will allow for the retraining of our workforce. charles: those kind of training, working with your hands has been frowned upon buye -- bid the hee athletes. how do we get up to speed here?
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>> when i was in high school we had a program in rural louisiana where kids could learn to be welders. it was beyond your average shop glass. a lot of funding has fallen away. they should be advocating for funding for these vocational job trainings. we'll innovate more and more and replace labor with robots and computers. but there are some jobs we can't replace. i doubt anybody will have a robotic welder or plumber for certain jobs. charles: there will be jobs maintaining those robots, refurbishing those robots. writing the code for them. you don't need a four-year degree to be a great cord. here we are protecting big bird. we are worrying about big bird when our kids are missing the
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jobs of the new century. >> you are 100% spot on on that. the unemployment rate was so high under president obamae are looking at new and innovative ways to create jobs and fill them. this is the america first policy president trump has been hitting on since he was inaugurated. jobs that bring back the heartland and the middle class. it's not a pipe dream. coming up, president trump hosting his german counterpart angela merkel. let's just say the meeting had a few tense points.
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charles: president trump welcoming german chancellor merkel to the white house today, meeting hit some tense moments, trump has been critical of german's liberal policies and germany's modest financial contribution to nato. >> i reiterated to chancellor merkel, my strong support for
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nato, as well as need for our nationo allies to pay their fair share for the coff o cost of defense. immigration is a privilege not a right. >> looking at refugees as well, giving them opportunities to shape their own lives, i have always said to is much better to talk to one another and not about one another. charles: joining me now, you go back and fort to germany. you are originally from. you know people and media well, how did you feel about this meeting. >> despicable. the way that german journalists, ask the questions, the of hot eu -- hostility, it started from day one. high ranking politicians in merkelabinet have been
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insulting mr. trump on almost a regular basis. this was an interesting meeting. i like how they both conducted themselves, but i was not impressed with the german journalists. charles: only 5 of countries, 3.5%, 78% of budget, that power house economy of germany can only come up with 1% of their gdp . >> right. well, that is why it is important that trump administration not just during the campaign but now is still saying that germany needs to step up, there is some indication that merkel will say we'll do more of, that we'll have strong defenses. i believe that u.s. has shown great committment general mattis spoke out in support of germany, looking to put their base in one part of germany, we emphasize that time for germany to do the same. charles: there is merkel brought with her ceos from
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automakers, bmw and the like. she was more concerned about border adjustment tax, they make a lot of products in mexico. they have a big plan in south carolina as well. >> right, and volkswagen will invest up to a billion in that plant in south carolina. it was interesting that german reporter tried to describe trump as an isolationist on trade, and trump said no, i am for free trade, but for fair trade that is one of the more interesting things he said, for fair trade, because america has always been treated so badly, he made it clear that is his goal. and he's fair trade for america, that is a really good point he made, he is not an isolationist, he is for free, fair trade, that puts america first, that benefits american economy and the american worker. charles: i think when we export a car in the eu it
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costs us $10% tariff -- 10% tariff, and they export them here for nothing, and germany enjoys a surplus with us too. >> and also, you know. she addressed the issue. had is trac address the issue that germany has to pay the fair share with nato, and he got that done, he is enforcing that. and so, i would say, trump, mission accomplished. charles: you have been impressed with the antieuro establishment in europe. >> yes. charles: were you upset with the dutch outcome. >> it was twisted in the news. okay so they didn't takeover but the trend still pe
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persisting. i think that le pen has a strong chance. she is a good speaker, and intelligent. and i think of all populist movements she is probably th the left leader. charles: her meetings having that trumpesque feel to them, a lot of people concerned about border taxes, tariff, trade wars in europe, antiestablishment sentiment. how do you see that playing out. >> well, i mean, look, the issue of -- woo have not talked about refugee issue, we talked about with germany before holidays, and angela merkel on her watch let in almost a million refugees since 2015, there is a lot for the german people to think about and deal work not just in germany. all over europe. but when you have a attack like that, occur it makes
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people pay attention to the situation, as much right now, i don't think that angela merkel has given a satisfactory answer how she will deal with that. against that not just a problem for germany, but what germany has done, has ramifications all over europe. charles: the averages ended the week higher, this is a weird week for market, look at the data that tells you where the markets are going to go, my commentary is next. and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor.
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charles: as promised trump administration filed an appeal to maryland 4 circuit court,
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charles: market spinning its wheels, struggling to hold on to gains, but finding buyers with even slightest dip into the red, nasdaq gained a little bit. i think that is really great action considering the gain that smart money has, they are sitting on huge profits, resisting any attempt, they will not blink or sell. economic data continues to impress, including industrial capacity, and economic leading indicators today. but industrial product is a miss. yesterday bloomberg consumer confidence report, it hit 51. that is the highest level in over a decade.
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up 6 of last 7 weeks, since the inauguration it has been on fir fire. sentiment as highest point since august of 2001, personal finance, highest since 2015. optimism for those who are independent now is at a 15 year high. this is important, this is the best group to weigh how president trump is doing, republicans and democrats at-this-point, they are too wedded to the parties, this was underscored with university of michigan consumer sentiment report that came out 10:00, headline was better than expected, but it was read on current conditions, highest level since 2000, but talking aboutbih expectations, republicans are looking for a boom. they look for the best economy ever, and democrats are
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looking for doom and gloom. independents are optimistic, i am excited about this market, and believe more people will feel confident and act to that confidence, i say be ready for the lull to come to and end soon, to break out 21,000 might be your buying point. keep an eye on that. we talked about that meeting with merkel, reuters reports that germany planning to buy several lockheed c-130 military transport jets a deal worth $1 billion. >> a programming alert, "watter's world" this weekend, jesse ter watt teres sits down with president trump. >> do you think that president obama wants you to succeed. >> he has been nice to me personally, but his people have not been nice, there is great anger, leaking is one example of it, in some cases a serious example. leaking and the level of anger
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is hard to believe. so while he is noise personalo -- nice personally, there does not seem to be a lot of nice things happening behind the scenes that is unfortunate. charles: tomorrow night, 8 p.m. fox news. president trump may be having a profound effect on the economy, he is not the only catalyst out there. in fact the very best, i dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia
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[student] i can just quit school and get a job. [ex student] daddy's here. [wife] hi [dad] hey buddy [son] hey dad [wife] ink we can do this. [chancellor] adam baily. [chancellor] adam baily.
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charles: there are several great data points, most important this month has been housing starts report, best part of that report was 6.5%
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surge in single family housing starts, highest in almost a decade. i am a proponent of traditional family formation most important long-term driver of the economy. there is data that backs that up, married men earn 15,000 more a year than their single counterparts, after 10 years a married couple on average network 43,000 bucks and single folks 11,000, and as far as the kids, and you know they do so much better, with lessen come -- less income inequality. they delay pregnancy until they are married and much less likely to become involved in crime. the problem is that marriage has fizzled out. if we could reverse that
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slowdown in birth rates, we need -- it has to start with young people in 1950 average age of grooms 22.8 years, brides 20. in 2015 a surged up 29.2 and 27. i am not sure how or when he change it other than a social ren -- renaissance. maybe the notion of marriage and children will come back in vogue. i'm not sure. peter, you are hanging out with those kids at the university, tell them to get married and have families. >> do you want to get me fired. reality is that, with the advance of career women, there is a desire to get established and have a career. you know there is nothing that drives prosperity like people getting maryed an married and
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having children. you try harder, because you have to educate and provide for them, and you worry about their future, two people are married and working together, they make better decisions and children profit. there are so many ways that marriage works, nothing creates an economic boom like a baby boom, people run out buy cribs and bas bassinet and all of rest. if birth wait rate, had 3 children instead of two, we would have a larger middle class, a better educated labor force, and this economy would be ripping at 4%, forget about that budget stuff, if everyone had three kids instead of two this economy would take off. charles: i love whether peter talk -- i love whethe when peter talks about working harder.
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if my duaghter was not born, i never would have made it. people hanging up on me, you know, it pushed me. >> you know i am so glad talk about this topic, myself as a millennial, i got married at young age as a millennial, marriage has been incredible for myself and my husband, you learn and you grow and you build a life together. i want optimistic about millennials, millennial are waiting, longer to have children than generations before. because they are putting financial security, making that real priority, but when you ask them, if they view miernlg amarriage, do you want to have children, they answer yes, they are traditional they are just waiting longer. charles: if they get married they will make it happen. judge gr they ar. >> they are gun-shy. millennial grew up with
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largest portion of parents who are dife divorced, they grew up ibroken families. that is people like me, say marriage is amazing, it is better than being single and there are economy benefits. charles: a lot of crashes and real estate debacle. >> they carry a lot of debt center school. the high cost of higher education is doing two things, it is discouraging people from having babies, i think that $300,000 that i spent to send my son to law school alone. and kids, merge with debt, the parents cannot pay for it all these day they postpone buying homes and having children, they work down that debt that is a problem. if you want to get at marriage issue you have to go after the economic forces weighing on fact family, swab high cost of
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higher education and what government regulation does to that, we need to bring that down. >> other thing that so important young people see benefit of a work life balance, you will see a shift in the economy, saying yes, i want a family on my terms, you see millennials in more leadership positions, you see having a family is more of a way that could have a more fulfilly life. charles: bell bottom jeans become back. >> if you keep it around long enough. charles: thank you so much green, st. patrick's day comes back year. charles: north korea on brink tonight. serious warnings all, all options are on the table, we'll be right back.
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charles: north korea tensions leaving a boiling point. >> effort toward north korea to achieve peaceful stability over last two decades have faild to make us safer, let me be clear, policy of strategic patience has ended. we're exploring a new range of diplomatic, security and economic measures, all options are on table. charles: til tillerson, tells fox news, exclusively, considers weaponizzing and nuclearizing our asian allies to counter north korea. we're to discuss that fred and captain nash.
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fred, to a degree this makes sense. rearm themselves and protect themselves. >> i think this is something we have to consider, we're seeing proving that a strang and desiziv cysive u.s. -- decisive u.s. is stabilizing. north korea has run rampant with the programs, i think they are testing us because they want more concessions, we're on a very dangerous path. charles: they seem to be a very dangerous path too, captain nash, they are testing president trump, how far will this go? the question has to be asked. it feels we're lurking toward something that would involve physical conflict. >> we're learning against the history lessons, of appease am
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anment and dealing softly with aggressive countries and enies, it never works it just buys you more pain and trouble in the end. it is the japanese defensemen minister telling his parliament they might have to -- this is serious stuff. >> fred, next -- i think next week or very soon, rex tillerson is going to china, china is consider one country that could maybe lasso in north korea. would that be our last chance for any sort of hope that head off what could be a catastrophy. >> we have to get china's participation, so far its
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positions have been up helpful. put forward a peace deal, saying that u.s. and south korea would call you of joint military exercise maybe we could get north korea to cooperate. i'm sorry, but, we will not call that off until north korea has stopped its nuclear program and its missile program. it is always fail snood they don'ed. charles: what else do they have to bargain with? millions of people have starved. what would incentivize them, only thing they can export is missile technology and nuclear capabilities. >> there are significant sanctions, they should be put back on u.s. sponsor terror list, theyre keyo twisting arms in terms of cutting back economic support. that is the lifeblood to north korea economy. charles: hearing secretary of state tillerson speak the way he did, made me feel great, he did not beat around the tea table, now the ball is back on
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north korea court, what would be course of action, do we show them something other than you know, sabre rattling that we mean business? >> there are a lot of things you could do, sanctions could be one, other thing is put -- in japan, increase ballistic missile navy cruisers and destroyers in the area, other thing is, secretary of state tillerson told everyone the other day that oh, by the way, yeah. the u.s. and japanese mutual defense treaty includes the japanese administers islands in east china sea that china also claims, there is left rang against -- lef leverage against china. we have to get china involved,
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because china is major trade partner with north korea. charles: thank you very much, it feels like this gets more intend of day. have a great weekend, at home we appreciate you watching of >> lou: the deep state at war with the trump white house. and a left wing judiciary trying to obstruct president p president at every turn. a federal judge in maryland becomes the second to block the revised vetting order one day after the judge in hawaii is over. >> the law is clear and the need for my executive order is clear. i of was elected to change our broken and dangerous system and thinking government that weakened our

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