tv The Intelligence Report With Trish Regan FOX Business July 14, 2017 2:00pm-3:00pm EDT
neil: all right, stocks are in record territory yet again. this has been a very, very good week for the dow. all of the stocks that were getting hammered, have just come back. a market that refuses to get out of it, refuses to. trish: hey, neil, happy friday. lots of news going on. president trump back on his way to the u.s. and calling senators from the plane plotting them to get behind the republican bill as it hangs by the thread. the next few hours are critical. i am trish regan. we are moments away from air force touching down in new jersey. we are going to bring you the pictures just as soon as they arrive. again, awaiting on president trump to arrive. they are in new jersey. before he left france, the president tweeted, quote, after all of these years of suffering through obamacare, republicans senators must come through as they have promised. indeed, they must but two senators already are saying no.
so what does it mean for all of this? is health care dead on arrival? we will learn the lawyer. russian lawyer who met with donald trump, jr., was well known in dc circles and president obama's ag even extended her visa allowing her to stay in this country. we have all of the entail unthis unraveling mystery that's coming in to us minute by minute. but first we start with adam shapiro in the white house with the latest on health care fight. adam: trish, the law being continues behind the scenes, the vice president giving speech behind the scenes, he met with remember members of the senate, senate republicans, look at the tweets that president trump issued this morning. key one is this right here, quote, republican senators working hard to get their failed obamacare replacement approved. i will be in my desk pen and
hand. the question is will the senators be ready to vote yes. lobbying continues and one of the issues that ted cruz amendment doesn't bring enough to bring moderates together with the conservatives and say, yes. here is what senator lindsey graham told us today. >> mitch he's new idea is much better, repeals individual mandate, repeal it is employer mandate, ted cruz's provision is a good one, there's still concerns about the bill. here is what i hope we can do as republicans, offer alternative of obamacare that makes sense and helps people. adam: we already know that susan collins of maine and rand paul said they would not bring to floor for debate. mitch mcconnell can only lose one more vote. that's dean heller, he has not said whether he can accept changes to the better care reconciliation act in order to vote yes.
he has not come out in favor of that yet. there are other who have been lobbied, phone calls from president trump yesterday and meetings with mitch mcconnell to get them to a vote next week and if he can get a yes. trish: i hate to say it, i don't have a lot of faith unfortunately, adam. thank you very much, mitch mcconnell has been with moderates, conservatives, dean heller in nevada but is the wall street journal editorial points out today, quote, the gop moderates get all they want and they still won't commit to yes. we talk a lot about the democrats being obstructionists and what about the moderates in the republican party, what about those that are scared on their own shadow, they will not do what many believe is right for the american people and is exactly what the american people want. i mean, the american people
after all elected this president, this congress with the whole idea of repealing obamacare, that was a key issue in the campaign, so why can't people get on board with it, joining me right now with their thoughts, political commentator harlan hill and democratic strategists. they got all the votes and should and need but they can't get people to meet them there. what does that tell you about the dysfunction right now, if you would, in washington? >> well, president trump said it all in an interview on cbn when he said he was speaking to republicans. he said, i've been sitting in the oval office with a pen and i'm ready to sign this piece of legislation. the ball is in the court of the republicans on the hill. the ball is in the court of mitch mcconnell and paul ryan. they pledged to the president that they could get this done
and they had votes in their caucus. trish: do you blame them in this is not what we wanted, it's not perfect and we want to do this and do it right, will you blame them, will members blame them if this thing doesn't happen? >> look, it comes down to this. president donald trump executed a hostile takeover of the republican party and some of the holdovers of the previous republican party are not in the same team as the president. they've been promising constituents for years now, then we are going to fire them. it's that clear. and it has to be done this year, no excuses, no more recesses. trish: wow. >> get it done. trish: robin, i know that you're on the other side of things and you don't want to see it done, following on what harlan said, do you think the american people will, in fact, fire them, they will say enough because we
counted on you to do this and you're incapable of it? >> absolutely, trish, i couldn't agree more with you and harlan right now. the american people have -- there was a mandate, republicans have complete control right now, the house, the senate and the executive branch, so, you know, and i will say, i know this sound ludicrous but hear me about for a minute. i swear, i kid you not i run into more americans that they say that they really have a problem with obamacare but they don't have any problem with the affordable care act not understanding that they are one and the same, now that they are faced with losing their coverage, i mean, it's actually a real thing out there. trish: here is the problem. so many people can't get coverage any kind of reasonable cost, harlan, because you have too many insurances pulling out. we can go on and on. however, you're looking at the big picture here which is that americans want something different and if they're not able to deliver something different because they are busy
with little political scabbels. >> let me push on what the guest said. i don't think people are really happy with the affordable care act/obamacare and it goes to something that you just said, it's getting hard to get coverage, in 2018, 44% of counties in this country are only going to have one insurer or no insurers in the marketplace. so we have seen evaporation of competition. we have seen premiums going 40, 50% year over year again and again and again, it's getting unaffordable. we cannot maintain this any longer and it's killing families and it's killing small businesses in this country and it's going to reach an inflection point. it's going to lead to the demise of political parties unless we address this now.
this is a crisis. trish: when you look at, for example, the senator from nevada, harlan hill, and you see him opposing him, is that in part because donald trump is not as popular in nevada? >> well, i think that it's testament to how complex health care is. you know, unfortunately i think a lot of republicans ran back in their home districts on this notion of repeal and replace and it's much more complicated than that when you actually have to, you know, come to the table and come up with a solution and frankly, i think a lot of the never trumpers were promising repeal and replace didn't think that donald trump was going to win. trish: robin, that's another frustrating point, they had seven plus years to come up with something, they were there, by the way, i know a lot of people say, you can't just repeal it, no, you can't, people want it replaced, by the way, the president campaigned replacing it with something that was much,
much better. they have to have something, here they are, they are down to 11th hour and they have no idea. i know they have some but no ideas that were working. >> you would think that there would have been a better plan than what we are seeing now. take three and we are still not really getting any traction n. the letter that president obama -- the welcome letter for donald trump in the desk at the oval office he said that he would support the plan as long as it improved upon obamacare because it's not perfect and premiums are rising and -- trish: by the way, careful with government because anyone could have told you that had any kind of economic sense whatsoever that this plan was not perfect and was never going to work and many people sounding the alarm and they went ahead and pushed it through without reading anyway, but we will save that one for another day, robin, harlan, thank you so much.
for more i want to bring republican congressman from oklahoma. i know you're a small business owner, so you probably know in many ways, i talk to many small owners about the effect of obamacare in terms of your ability to grow your business and make sure that employees are working as many hours as they possibly can. what are your constituents saying right now about getting some kind of repeal and replace through? >> trish, thank you for taking this important topic on. it's damaging to every small business owner out there, prohibits growth and as far as constituents go, constituents are wanting jobs. i represent a very rural part of the country and rural part of oklahoma and it's about allowing jobs to be created in -- in their communities. one thing that prohibits those job growth, a lot of people don't talk about this but there's been 81 rural hospitals closed underneath on i'm --
obamacare and 673 vulnerable to closing any day. when you lose a hospital in your communities, in rural communities your largest employers, you also lose your ability to attract new job creators to your area because it affects job creators like myself, business owners, our workers' comp insurance, our liability insurance. trish: understandably and i'm sorry to hear about those rural hospitals in oklahoma. realistically, i mean, is this a dream at this point, next week maybe to get something passed there. what are your senate friends telling you? >> we are in communication with the senate all of the time and right now we feel like we've got a pretty good shot at it. i know a lot of people talking ability moderates but it's moderates, conservative, it's far right, it's really about getting it right and getting it for the patient.
it's such a topic that is personal to everybody, personal to our constituents and personal to us too that -- it becomes personal so when you add personal to politics, well, there's a lot of room for debate. at the end we want to get it right. trish: you do need to get it done. i guess that's the bottom line because let's not forget this is the precursor to everything else. as i look now, the market is up, market up 80 points there on the dow. we are looking at the 25th record for the dow jones industrial average this year. it's incredible and a new all-time high, congressman, this is a down payment on trump's policies in terms of lowered taxes, in terms of repeal and replace, in terms of infrastructure. we are going to talk about jamie diamon, jpmorgan ceo who is fed up with the fact that we're not able to get this done. he's not the only one, your constituents, americans are fed
up with washington, business as usual, gridlock as usual and it shouldn't be this way right now. >> well, this is why we elected a businessman to the white house. our economy, the outlook for the economy with optimism. we see dollars being imported to it and business owners like myself have a sense of relief, what we have been saying for a long time underneath obama administration, look, we are not totally antiregulation, just let us catch our breath, we just need certainty. we can compete in every market and underneath obama we feel like we have -- underneath trump we feel like we have some type of consistency with a baseman in the white house. trish: congressman, good to have you here. >> thank you so much. appropriate -- appreciate it. trish: not bad, right, we are making our way to triple-digit
gains while the nasdaq -- forgive menace dabbing is up 6 tenths of a percent. all of this by the way jpmorgan jamie diamon blows up at washington's dysfunction on a company earnings call saying it's, quote, almost an embarrassment right now and had a few profanities, or at least one of them. all of the intel, explosive comments from one of the most important ceo's in our country. that's next
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the business leaders are getting fed up here criticizing the government for its failure to move forward on major very important policy. i understand how they feel, jpmorgan ceo, jamie diano expressing frustration today. listen. >> since the great recession which is now 8 year's old we have been growing 1 and a half 2% in spite of a stupidity and political gridlock because the american business sector is powerful and strong and is going to grow regardless when they wake up in the morning, they want to do the same thing with american businesses. what i'm saying it would be much stronger growth have we made intelligent decisions and not gridlock. trish: but we have gridlock right now and lots of it and it's actually holding back business, that's one of the big questions. joining us nicole petallides,
jeff taylor and bare james. you know, i just want to explain to all of you, it's interesting if you listen to this all, jamie diamon did not stop there, he went onto say as one reporter asked him, well, are you frustrated with the trump administration, in other words are you blaming the trump administration for all of this gridlock and he replied, no, that was frustration with you. so he's a little frustrated with the media because he makes the point that the media is not focusing on the right thing. that's infrastructure, regulation, taxation and education. it kind of seems like a in-brainer and yet, barry, these are the issues that americans care about and the media is not focused on them, does that mean it's more challenging to get these things through?
>> well, i do think that the situation in washington is coming to a head in terms of the, you know, the impact on the economy. we have been running on hope to this point, you know, take something from a former president and that's what people have been betting on and we are starting to see the optimism of small businesses and large businesses start to wane because nothing has been done. trish crush -- trish: you look at the market, 25th day of record, loathes -- lots of upside and down payment to the trump administration, you're telling me if these things don't happen, we are in trouble? >> well, as i look at it, it's kind of a race car, the race car is winning but has a bulge in the tire and the tire is bulging because it's been a grope-oriented market for the last ten years, for the last three months all up until now and it needs to come to a pit
stop to value-oriented, if you want to get the economy going, tax cuts are like smelling sauce, they will wake it up quickly and regulatory changes are like coffee, keep it away longer. those are the thicks that we are waiting for that are built in the stock market and i think it's building towards a more risky situation. we see too much risk in the market. our analysis, research we do says there's about a 50% chance the market will be down not up even though it's up right now. trish: all right. jeff, do you agree with that? do you think there's real concern out there that if these things don't happen, the market is going to drift lower? >> i think what jamie said is dysfunction. we still eight years later post financial crisis we don't have
gse reform, we need to get a plan in place for them as sitting in part of mba board, plan to get them out so we can have housing for american people going for decades to come. trish: i say, hey, privatize them, get the government out of the business for lending money for homeowners or in terms of college tuition, that's increased prices among tuition, increased prices among home ownership, less government involvement on that front. we will save the conversation for another day. >> we agree. trish: nicole, you're down there on the floor, i can imagine that these comments ricocheted because jamie diamon having the guts to call out washington and
say what everybody else is thinking? nicole: everybody is throng jamie diamn on a record quarter, they are doing great over jpmorgan and uses platform to say that inner city schools don't graduate, opioid epidemic and there hasn't been a u.s. major airport built in 20 years, he's basically calling out washington and using one profanity as well and saying, step it up, let's get it going and his point while it's not great to say it's embarrassing being an american, he is point after traveling to government, ireland and france, other countries understand a better corporate tax scheme. why are we making it so difficult? trish: why are we allowing other countries to be more competitive than us, we should be the most competitive place to do business, why give any to ireland, uk for that matter? i will rest my case.
at least the market is up. as the left continues to go crazy over donald donald trump jr.'s meeting, attorney has record working with political figures and how is it that she managed to be granted by president obama's administration a visa extension allowing her to be in the united states, highly unusual, who did she know within the obama administration that was able to pull these strings? we have the intel for you coming up right after this rance doesn'. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance.
to russian spy organization in that meeting, that's coming out of ap. anyway, it doesn't seem at this point there is really any collusion, at least nothing illegal seems to have transpired, he had a right at least to hear these people, maybe it wasn't the best thing to do but he had a right to hear them. here is the thing, it now turns out that this woman, this russian lawyer, she was apparently pretty well known in dc circle and get this, it was the obama administration that allowed her to be in this country in the first place. i want to walk you through. back in 2015, this woman applied for a visa to come to the united states to represent her clients but she was denied, flat out denied, so how is it that she got in? well, she went back, she must have known someone because she went back and asked the u.s.
attorney's office in new york for immigration patrol, this was granted to her by loretta lynch's justice department, why would they do that? and when that parole expired obama state department issued her another visa. it's all highly, highly unusual. harlan hill, robin are back with me and harlan, you know, this kind of immigration pull visa, let me see if i can get the exact language, it's very unusual, basically it's only used in cases of, you know, basically a humanitarian crisis or perhaps if this particular person seen as a special benefit to this country and she was making the argument that she was of special benefit, it turns out the reason she needed this, she wanted to be here was because he wanted to represent her russian client, a big company in a
lawsuit here but why would you give a visa to her specially after she had been denied? >> you know, i don't know, but where i see smoke i think that there's some fire and combining this suspect, the suspect terms under which she got the visa with the fact that she has ties to democratic consultant form with dossier. trish: back up for a second. gps, digs up dirt and tries to get it out to social media. harlan: a few months ago there was a dossier. scandalous solicitous
information about the president. trish: no one in their right mind was willing to print this stuff except for buzzfeed. harlan: exactly. and this attorney is accused to having ties to gps. there's something here. it seems to me as an outsider looking in that donald trump, jr. may had been set up here. he may have been duked to some degree. trish: wow. >> based on the very important crucial pieces about the lawyer's background, i think this needs to be investigated. trish: that's an interesting angle. apparently she was here to lobby so that she could get this -- i know i'm not saying this right but act repeal because it was damaging to russia and it was damage to go her clients and when she met with him that was the jest of the meeting, she wanted this thing repealed. it's not clear whether he was set up, that's an interesting angle that you're talking about
but what i think is clear is that it's very fishy, robin, how she was allowed here in the first place. >> there are so many questions and very little answers. i read conflicting news stories, one of the stories said that she was here to represent as defense counsel someone who was being investigated for must be laundering. there's that. i would argue that if anybody is stupid enough to take the bait, russia is known to just try to create chaos in our system government. trish: go ahead, harlan. i want to add something else about this visa. >> here is what it comes down to, it's not criminal to take a meeting, it's not treasonous to take a meeting with a russian attorney, you can apply -- you can project whatever you want on
this meeting, but he was doing a favor as he so clearly explained. trish: it's not as though it was something -- she was known in dc circles and had democratic connections. i hear you on that. one last thing that i want to bring to viewer here because this is a new development coming out. this visa that she was given, was given out sparingly and according to relations for u.s. citizenship and immigration services, given, quote, sparingly and in extraordinary circumstances and including humanitarian reasons such as medical or medical emergency. apparently she also was looking at her public benefit. another, she could have petitioned them for this particular visa parole as they call it, believing that his or he is present in the united states would be a significant public benefit, i don't know how she comes under public benefit or humanitarian crisis and do note, guys, bahara's office
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reports saying that amazon may grant special access to developers to get a leg up on the competition by use ugh your data to improve its software. so all your private conversations that you have been having while this device was turned on, do you know that those could wind up ending up in the hands of a total complete stranger? it makes me uncomfortable. you too, probably. it's still a little higher. we have our own ashley webster here with more on this, and ashley, my goodness, you know, it's a little alarming because people say, well, they could break in the software and record your home conversation via these devices but now alexia -- alexa actually can. ashley: if you have an amazon
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could they give it up, yes, they could. the problem here is as you alluded to, the system is up in the cloud, how often do we have a hacking story? about every day. trish: yeah. ashley: that is out there. but the conversations you're having with alexa whether you want them out there or not could be made available to app developers, the story that's being above us now is they may expand the amount of data it shares, are they going to give transcripts, maybe. the transcripts will be of your actual discussion with alexa, alexa what's the weather like in miami. trish: alexa can hear what i'm talking to my husband about and my children about. ashley: if you have an alexa and you're worried. you can go to alexa smartphone or tablet, go to settings, go to history and you can listen to what's being recorded and you can actually delete it, if you want. trish: got you, we didn't get to the whole monopoly issues but there's lots of concerns. ashley: a lot of people talking about it. trish: ashley webster, good
stuff, not so good, i should say. a judge in hawaii weakening trump's travel ban by ruling that the travel ban needs to be expanded to include more family members, grandparents, uncles, nieces and nephews. restrictions necessary to keep our country safe. how is this judge in hawaii thinking he can get away with any of this?
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had to correct the lower court once and we will now reluctantly return to the supreme court to again vibd kate the -- vindicate the rule of law and executive branch's duty to protect the nation. who is going to win out here. >> trump will win. they are going to win on the merits on the travel ban because it's abundantly clear that the president has power to dictate immigration and he had the national security reasons which he amply cited so it's a slam dunk. first year of law school student can't get this right but it's no surprise that the lower courts didn't get it right because, for example, president obama 320 appointments, 70% of the appellate courts are appointed by liberals. trish: i want to let the viewers down the president has landed
down in new jersey. anyway, whether he continue to watch here. the plane arrives in new jersey, i am here onset with greg who hawaii is trying to open this whole thing up so if you're here as an immigrant you can apply for special visas for all of your extended family members, wasn't that part of what we were trying to cut down on, everybody has to go through the same kind of rules and we have to get this equally? >> what happens, cousins, cats and dogs. it's a little -- trish: crazy. >> silly, yeah. trish tissue the san bernardino terrorist, his wife, his wife, why didn't his wife get looked at the way she should have and she had a whole social media profile that made it clear where her stance was on. >> that's a perfect example,
three of the justices did see it coming and they wrote an opinion, gorsuch, alito and thomas in which they said, we should just absolutely uphold the whole travel ban, don't carve out this caveat for bonafide relationships because all you're doing is inviting further litigation and sure enough that's what's happening resulting in the federal judge's decision watson and the judge that got it wrong the first time and yet again and he'll eventually be overturned. trish: you think there's a problem with these judges and they are trying to legislate from the bench, they are less leaning than they are in the middle of the road and that's part as a result of president obama? >> that's right. eight years two terms he appointed 329 judges and great many of them, astounding number to the middle court, court of
appeals just below supreme court. it went from being fairly balanced to now 70% controlled by liberal judges and so you get the results of the fourth circuit and the ninth circuit and they get overturned by the u.s. supreme court and what was telling about this when the supremes upheld the vast majority of the president's travel ban and, yes, the merits will be debated in october, but they removed the injunctions and upheld the ban was that it was a decision, that means the whole court agreed, even the liberal justices agreed which underscores the political bias of these lower court federal judges. trish: all right, greg, thank you very much always for bringing clarity to all of it. appreciate it. again, just want to remind everyone the president's plane has just touched down there in
newark, new jersey where he met with president macron. he has a lot of work to do on the health care front to get all of the republicans in line. we are going to continue watching that. meanwhile apple announcing it will open a new data center in china which will store all cloud data for apple's chinese customers and interestingly enough operated by a government-run company. so i point this out because let's not forget apple and remember how it stood up for terrorist, basically saying we are not going to give over any information of the san bernardino terrorists from his phone. to comply with chinese data privacy rules they actually have to have the government run the data center which apparently is fine by apple. they don't care about any of those privacy concerns, perhaps all apple cares about is the all-mighty dollar. we will talk about it right after this. you always pay
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trish: all right, we are looking at the president's plane there that just touched down in newark, new jersey in route back from paris, france where he met with macron, of course, he and his wife dined with macron and his wife last night at a very fancy restaurant in paris, most people were saying saying that this trip was a success. the president does farewell when overseas and sticking to the topics that he cares most about and perhaps stick to go script a little more than sometimes happens here state side. we will watch that plane and we anticipate he will be exiting momentarily and as we do, i want to talk a little bit about the issues that he's confronting as he returns now here to come with
jason ruffle from the washington examiner, jason, welcome, health care is on the front burner right now. he has to get republicans in line and you're not really seeing a willingness to be cohesive united front. >> yeah, exactly. there's definitely divisions on both the right and left of the public, center of the republican party is what i mean there, you have susan collins of maine and rand paul on the other side of the republican party, both, you know, saying they have major concerns with the new senate health care bill so it's going to be a big challenge for the president and mitch mcconnell to get both of those sides together to scrape together 50 votes in the senate in favor of the bill. trish: how much does this whole don, jr. meeting and looks like the president is coming out right now meeting with the russian lawyer a distraction for some of these lawmakers that need to focus at business at hand, again, here is the
president, rainy day in the northeast and you can see him exiting the plane with his wife melania, jason, in terms of distraction, the media is consumed with it, i guess i wonder how much the washington senators are consumed with it. >> yeah, i think they still have focused on health care, i believe, mainly that's what you see them working on a day-to-day basis. they have to comment on the donald, jr. situation, the media is going to call them up and ask, what's going on here, what are your thoughts on this,, do you still stand -- trish: is he doing the right? is the president doing the right thing, i support my son, good kid and maybe this was effectively a little naive but he's new to politics s this the right messaging from the president right now? >> for a father it's the right messaging, you to defend your son. for a president i think you probably have to admit that there was a mistake made there that shouldn't have happened but
say probably that it was in the past and move on and take tough action necessary against russia and take the heartland stance and move forward. trish: jason, is health care reform really going to happen? >> we will see, it's going to happen eventually but before august recess, questionable. but we will have obamacare repeal. trish: we see the president's vehicle there as he's leaving the newark airport in new jersey, he and his wife touching down. have a wonderful weekend. i hope you watch "wall street week", our own maria bartiromo interviewing jim grant who is issuing a warning for invests-- investors. we will take a short break and we will be back with more after this
that president obama's administration granted a visa extension. to that russian lawyer who eventually had that infamous now meeting with donald trump jr. it was very unusual that she got the visa. why did they allow her in? now over to liz claman. over to you. liz: have a great weekend, trish. president trump just touched down on american soil and claims just moments ago after his two-day visit to france, now in new jersey for the weekend with two major issues awaiting him. new revelations regarding some donald jr.'s controversial meeting with the russian lawyer. plus, the fragile state of the gop plan to repeal and prere: place obamacare. by the way, that's shifting, literally as we speak. because within the last couple of hours, cracks have started to show and grow among the republican ranks as more members go public insinuating that if repealing obamacare is an impossible task for the