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tv   Making Money With Charles Payne  FOX Business  May 11, 2018 6:00pm-7:00pm EDT

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mother's day to all of our viewers. thank you for watching. charles payne is here with "making money." charles: it was the best week for stocks since march as the dow continued a 7-day winning streak. after several days of high-stake negotiations with foreign governments, president trump touted in a rally that love and peace can be created through strength. >> this is truly an exciting time for our country. jobs are booming. i told you. i told you. confidence is soaring, and
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optimism is at the top of every chart. this is a great time for our country. a lot of things happening every day. we are unlocking new opportunities for prosperity and for peace. all of these changes are happening because america is being respected again. charles: joining me now, katrina pierson, trump 2020 campaign senior advisor. trump on a roll. he's sort of staying on script. but he has the optimism. i don't know that i have seen these crowds like this since right before the election. >> you are absolutely right. donald trump was man who packed stadiums like a championship game during the campaign. mainly it was because of his
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unapologetic patriotism. he made it okay to be an american and say merry christmas and respect the flag. that's why so many people who were never involved in politics have gotten out to vote for him. ever since the day he was inaugurated he has been carrying the flag all over the world and raised the standard of commitment of loyalty to the country for every politician that follows him. charles: it's one thing on the campaign trail to promise things. we learn how to share the and live with it. a lot of economists say we can never grow our economy at 3%, let alone 4%. he unlocked that old american spirit. maybe we can do better.
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now we have proof of it. he's got a lot of things he can brag about. how many of these events should we expect. we know he's an energ -- an enec campaigner. >> being with people is his element. an loves it. he was in three states in one day during the campaign. the reality is he has to carry the message because the media won't. this is his opportunity to cross the country and explain to people what's really going on in the trump administration and talk about the successes. these are exciting times for america. in donald trump's world imagination has no limitation. as long as we are a free people, the sky is the limit. liz: kag, will that roll off the
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tongue like maga? >> donald trump has delivered, and i don't see anyone out there that can say otherwise. charles: fox news political contributor, tammy bruce, and fox news contributor, david webb. kelly, let me start with you. that was another rousing speech in the heartland, the crowds are going crazy. but what i like about this as opposed to the runup to the election, there are some bona fide achievements we all should clear. >> this was a huge week for america and really for around the world.
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i have to say, a lot of people were doubting trump's north korea policy. calling him little rocket man. instead we welcomed three americans back home. i'm thinking maybe he wants to do the same thing with iran. we have half a dozen americans imprisoned in iran. maybe he can go with murderous mullahs. we joke about the names, but there always seriousness behind it and it seems to have worked. charles: sleepy joe donnelly. president trump aiming at number his home state and taking him on. there is a sense that there is optimism for republicans that few people thought was out there. tammy: it was optimism that elected donald trump. middle america who knew america
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could be great again. they knew something had gone wrong. aspirational attitude is something that's inherent in his supporters. so clearly after all of this, the politics of the first year, the pressure, the pushing. people saw he was getting work done. we have had this culmination. we have incredible foreign policy news. he's having a rally to gather the forces and churn a senate seat back over. turn it over to the republicans. so he understands the politics at home and he wants to translate the success across the board into larger more lasting success, telling everyone donald trump has become a consummate politician, statesman and successful president. charles: when we are looking at the chain a trade negotiations, and nafta, the big prize
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probably would be north korea. i want to listen to what mike pompeo said with regard to the strategy going forward. >> if north korea takes action to quickly denuclearize, we are willing to work with them to achieve prosperity on a par with our south korean friends. certainly president trump and chairman kim and president moon as well, i think we have a shared vision for what we hope when this process is completed. charles: there is a healthy amount of scepticism considering north korea's long history of lying and double dealing. but this more hope than we have seen since dealing with the hermit kingdom. >> you talk about the small victories. not only with secretary of state pompeo going there twice,
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bringing back, i call them prisoners of war because a state of war still exists. but those victories beget other victories. there is to be mistrust with north korea. china is a big player. you mentioned the negotiations with china and nafta. by exerting economic leverage we can get china into the game with north korea. they have been their buffer state. by the time we get to the meeting in singapore as reported, there needs to be a lot of work to get to the point where leverage is on the table enough where it can be applied. still what donald trump said all options are on the table. north korea won't buckle easily because it's not in their best interest. let me say to katrina. you are talking about the republicans out there. i wrote about this in the hill. i said trump is the elephant in the room.
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and republicans whether learn to run the herd or get trampled by the democrats. it's national security. our communal security. this is all about energy independence, dealing with the sec and the epa. charles: it was the rescue heard around the world when president trump brought home three american cap tistles from north korea. but the mainstream media found ways to put a negative spin on it. into retirement... and a little nervous. but not so much about what market volatility may do
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charles: just when you thought it couldn't get any worse. the media is finding what is to downplay president trump's accomplishments. >> it was a moment of intense anticipation it was very carefully choreographed. the very much land. then secretary of state mike pompeo, then the plane with the three -- american citizens. this was meant for the camera. meant to be shown here in america and around the world. charles: it seems the president can't do anything wrong in the eyes of some of the media.
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gina, not only did you hear stuff like this, but the whole thing was orchestrated to take the news away from stormy daniels. can you believe that? >> have they seen their ratings? perhaps they should consider a different approach. but this to have been staged, president trump would have had to exchange five terrorists to get one traitor out of the country? that's the way something is staged. you don't stage something for media at 3:00 a.m. anybody with any sense who has been watching television for about a day would figure that out. charles: to have an event where everyone cheered. when bin laden was killed, everyone cheered. when president bush went down
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into the rubble of the towers with that bullhorn, everyone cheered. >> there have been many successes of this administration just in the past week alone. you see 3.9% unemployment. we have an historic meeting planned between kim jong-un and president trump as well as the five most of wanted isis members captured. abc actually covered "star wars" days may 4 six times more than they chose to cover the record low unemployment rate. they are so unwilling to give trump credit for anything. they would rather cover anything else other than his accomplishments. charles: i think the things he
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does, the achievements, and the rallies speak for themselves and befuddles the media. >> he's hitting back when he's establishing an all new economy with all of the records discussed here. he's hitting back when his candidates who support him and run on his platform -- and i'm talking about democrats here campaign on his issues. he's hitting back when he wins mid-terms with super majorities. those are the things he has his eye on. i think he's no longer fighting battle by battle. he's fighting to win the war and he's doing a great job and making great strides. charles: it was a strong week for the republicans at the polls. up to this point people talked about the blue wave. i'm going to talk about the red wave. we'll discuss that next.
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charles: president trump asking voters to work every day to elect more republicans. rona mcdonealls saying turnout in tuesday's primary was up significantly from 2014. maybe it's time to predict a red wave. those numbers are phenomenal. ohio had a bigger turnout than democrats. historically something that never happened before. why all of a sudden are republican primary voters so
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energized. >> we heard the pundits dreading the mid-term elections. i don't think it will be a blue wave or red wave. it will be a trump wave. people want to keep money coming into their pockets and keep america great again. what are the democrats going to run on? they are going to keep running on the same thing that has been failing them since hoik? no. they won't be able to attack the president or his accomplishments. the excitement and dmrg is behind president trump and his success. charles: it seems to me the republican primary voters learned the lesson the last few election cycles.
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>> it's definitely going to be a trump wave. we have social media, a lot of voters are more informed than a lot of the politicians would like for them to be. i think the president can get out there and pull people over the finish line. you look at joe manchin, his approval rating was in the 80%. but now that has dropped. charles: we want to bring in our panel, gayle trotter and adrian cohen. gaylecohen.gail gayle, i want tk your thoughts on the potential red wave. >> the supposed blue wave could be overwhelmed by a red tsunami.
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the name of the game is turnout. when you have close races, turnout is the x factor that allows one side to triumph over another. we are looking at the numbers come out and the turnout was 61% over 2014 in the gop and on the democratic side of the ledger it was only. charles: it's all about the energy. the turnout. everyone says turnout. there is always motivation by the party not in power. how does the gop keep this going through november? >> we can thank our president. the current administration has so much to be proud of that it's resonating with voters.
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there has bench higher voter turnout and then also look at the fundraising levels when you compare rnc fundraising to the democrats fundraising. it's incredibly hughes chasm there. republicans have $50 million cash on hand after q-1. democrats are bankrupt financially and they are bankrupt in ideas. their party, their voters were enthusiastic come the mid-terms, they would be voting with their wallet which they are not. the money lead to a red tsunami come november. charles: it will be underring to see if the politics of envy and division works. the overall feeling of optimism.
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we have another consumer sentiment number out. it's persistent. it doesn't go away. >> kitchen table politics are so important. people want to be able to make change choices with the income they receive and have more opportunity for all americans. the rhetoric of this president and the gop matches the results they are getting for the american people. this is going to be something the gop will be able to capitalize on going into the mid-term elections. charles: adriana, the folks that ran this time around, almost all of them embraced president trump. is that something of an epiphany? do you think these candidates say this is the guy getting it done and he's popular and bringing the energy, i want to ride these coat tails. >> absolutely. that's telling.
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not one republican who won was a trump critic. that shows you how popular the president is. rasmussen polls came out with president trump's approval ratings at 50%. that will continue to grow with all the successes he has had managing our foreign policy. he's going to bring drug prices down for our seniors which is so important. our president is off and running. he's doing a great job. polls are showing that and the money is coming into the dnc. i think if people think we'll have a blue wave in november, ask how that turned out last time. chairs -- charles: , see you real soon. president trump taking aim at high drug prices after slamming
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the drug industry for getting away with murder. what but the stocks were up. what does that mean? dray, when he was younger, he loved to smile; and we knew he would need braces because his teeth were coming in funny. that's when he had the bunny rabbits. we called him the bunny rabbit. now, those are the same two front teeth, there, that they are now. then dray ended up having to wear braces for 5 years because he never made it
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to appointments, because he was busy playing basketball. if he missed practice, he don't get to play in the game. this is the picture that was on the front page of the newspaper. all you can notice is the braces! then, once he got to michigan state, he broke the retainer! my bottom teeth, they were really crooked, and i just wasn't getting braces again. smile direct club fits into my lifestyle so well. the liner is so great. it's easy to just grab it and go and then i can change on the road. i did photoshoots with my aligners in and you can't see them. i wish smile direct club would have been around when i was paying for them. i wouldn't have to take him out of school. i wouldn't have had missed work. it's like a great feeling to have good teeth. a smile is a first impression, that's why i think having a great smile is so important. let's begin.
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lower prices where now every inseason tough is for higher prices. pretty bold stuff today. >> the president promised he would put american patients first and that's what he's doing today. he'll roll out the most of comprehensive approach to making prescriptions affordable than any other president of the united states. charles: the president is trying to curb u.s. drug prices. the most of comprehensive strategy he says to date. can president trump really achieve that against a massive industry? here to discuss dr. kelly powers, a surgeon at stanford hospital. and michael barns, former george
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w. bush policy advisor. and managing partner. drug prices are out of control. it's someone everyone complains about. but it's a massive undertaking. one area they want to focus on is the middleman. >> the pbm. the pharmaceutical benefit managers. as it per types rebecause. apparently they are getting rebates negotiated from the drug companies, but it's not get together patients or consumers. that's where he seems to be focusing his direction on although vague. so we'll see. charles: the whole thing is interesting. on one hand maybe you have to have anti-capitalistic
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tendencies. when governments intervene they play hardball with pharmaceutical companies which is fine, but when they need it they get it over here. >> every country has a mixture of the political spectrum. i applaud the president for trying to attack the price of drugs. when you break down the numbers, drug cost is only 10%. clinical services and physician is 0%. the real cost is one-third. the hospitals. when you look at the cbc research. it tells us the hospital stays dropped 6%, but hospital costs have risen 50%. so we have to have a whole list
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of approach to the reducing medical costs in america. president trump: some other countries, their medicine is a tiny fraction what the medicine costs in the u.s.a. it's unfair and it's ridiculous and it's not going to happen any longer. charles: it's a tall undertaking to take on these drug companies. what do you think about this? >> i think the president has done it in the right way. he's taken and little bit from each of the industries and rejected the call to the socialist approach. and i think all in all, aligning the incentives in a way that cost the list prices to go down and eliminates the double
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dipping from pharmacy benefit managers. and pharmacies must not be preclude from telling their customers where they can get the drug cheaper. i'm very pleads to see this proposal from the president. charles: he's an insider and understands how all these moving parts work. a 50-points plans means it is a comprehensive plan. i think the thing is, dr. kelly, if we push back too much on drug companies and take away the profit motivation, can we expect the same gains in the future? the cures. it's a delicate balance. >> you are right. r & d is important. we want to decrease costs. but then is that correlated to
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decreasing innovation? and the answer is we don't know. there is a lot of research that comes out of academia. but the drug companies are not the enemy. >> part of the enemy is the enormous amount of regulation that's requires the huge r & d. a lot of people end up dying waiting for the drug to come out. >> president trump gets credit for cutting through the regulation as well. charles: just a few hours ago spacex launched its newest version of its falcon 9 rocket. it carried a communications satellite from the government of bangladesh. the first stage landed several minutes later on a robotic drone
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ship off the florida coast, just barely missing the bull's-eye. coming up, stocks ending the week on a high note. we'll discuss that and what to look for next week. next. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. a cockroach can survive heresubmerged ttle guy. underwater for 30 minutes.
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wow. yeah. not getting in today. terminix. defenders of home. with dell small businessout your technology advisors you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today. a few problems actually. we've got aging roadways, aging power grids, ...aging everything. we also have the age-old problem of bias in the workplace. really... never heard of it. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve it? business. because solving big problems is what business does best. so let's take on the wage gap, the opportunity gap, the achievement gap. whatever the problem, business can help. and i know who can help them do it. my secret visitors.
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hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see. charles: richard overattorney, the world's oldest world war ii veteran is celebrating his birthday today. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way.
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until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our greatest priority. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018. charles: the market limped into the weekend. the bias has shift to the upside. then we got a boost early in the
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session from consumer sentiment that was slightly better than expected. there was good news as we are lingering with concerns about consumers, their ability to go out and spend. meanwhile, energy, that was your big winner for the week. crude oil stocks are beginning to play catch-up big time. it's difficult to know where crude goes from here. i suspect momentum and the forces like opec will nudge it higher. financials were fractionally off today. second best performer of the week. still the powerhouse names, jpmorgan, and goldman sachs. what about taking a chill pill and talking about healthcare? healthcare the best performing sector today.
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not only did azar make the rounds on television, but he appeared in the rose guard within the president to make his pitch to the public. the problem, though, is that wall street has decide that the plan is more a placebo than a cure-all. there is no question the president's heart is in the right place. but this is a behemoth. over $10,000 for every american out there. prescription dugs was 10% of that. the medical industry is lobbying $280 million in lobbying. that's more than tobacco, oil and defense combined. the market decided the white
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house won't be able to do a lot. these drug stocks used to swoon when the president mentioned them in the past. maybe not so much anymore. earnings season is beginning to wind down. and there is not a lot of economic data either. i think it would be great if they could provide us with a wink and a nod on slowing down operate hikes. a programming alert for you. you don't want to miss maria bartiromo's "wall street." here is a sneak peek. >> we'll go back to the highs once we have a custody solution people trust. you will feel bet first says bank of new york rather than goldman sachs. until we get institutional custodians to say your keys are
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safe, the big institutions will be more reticent. charles: former vice president dick cheney, that's all tonight at 8:00 p.m. on fox business. the real superheros who lived through the great depression, they saved their money, and left it to someone else. re. same thing with any dent or dings on this truck. they all got a story about what happened to 'em. man 2: it was raining, there was only one way out. i could feel the barb wire was just digging into the paint. man: two bulls were fighting, (thud) bam hit the truck. try explaining that to your insurance company. woman: another ding, another scratch. it'll just be another chapter in the story. every scar tells a story, and you can tell a lot more stories when your truck is a chevy silverado. the most dependable, longest-lasting, full-size pickups on the road.
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charles: america's love for superhero movies, there are a lot of people moving incognito who enrich the lives of many
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without any fanfare. bloom worked 67 years as a secretary while living a from ae account. she left a fortune to the henry street settlement. and those fund will go to pay for college scholarships. rick, i love these stories. she is not the only one. it's amazing because we live in the ultimate age of materialism and celebrityism. but someone like this will touch the lives of someone nobody ever heard of. >> everybody can make a difference regardless of your economic level.
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whether you started with much or little. a woman named beverly cleary. she just turned 102 years old. she wrote the henry hugins series. i'm a third grader. i get the book placed in my hand. because of the seed this woman planted in me i have a vociferous desire to live and learn and challenge myself. charles: i have got to tell you. there is another guy, ronald reid. when he passed away he left a fortune as well. he was a fro frugal guy. do you recognize those names?
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he never even made minimum wage. and was able to live $5 million to a hospital and $1.2 million to a local library. people want to get relationship quick, but you don't necessarily have to. >> i'm guessing your viewers are good savers and investors. but the best thing they can do for themselves. they are going to see a lot of families getting together. have them took you their kid, talk to their grandkids and on monday buy something. it doesn't need to be fancy. buy those stocks like you just put up on the screen and buy a little of it. your two examples of people who grew millions without making a lot, they didn't invest millions, they invested small
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amounts a long time ago and kept doing it. a month from now buy more of something. then a month from now another little bit. by defense, buy energy. things you know 50 years from now will still be going strong. and enjoy what you have. charles: to your point, grace growner started her job in 1935 as a secretary. she bought three shares of a stock at $60. that was it. it appreciated since then. rereinvested the dividends. those three shares were worth $7 million by the time she died. another thing i find with all of these people. they lived through the great depression. they put savings and frugality and they were able to live long
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lives. >> my dad had very little. but he grew his capacity for greatness and wealth. he didn't make millions, but he made millions in terms of the knowledge and wisdom he passed on to us. depression baby. the kind of man that said son, your wealth is not measures on how much you make, but how much you save. he would always tell me, when you go into a store, leave your credit card in the glove compartment. take a couple hundred dollar bills. a lot more difficult for those to leave your hands. charles: what i'm trying to promote, take it a step further. own these companies you put money into every time go shopping. the policy of hundreds of college campuses could be the newest threats to the first
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amendment. we'll discuss that next.
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charles: you remember when college was supposed to be that place where there was free thought and expression. and all of that was encouraged. there is a non-profit group speech first that claims certain policies, campus bias teams where students can report anything that feels offensive. joining me is gillian melchoir. you have done extensive reporting. this bias response team is the latest in the war on the first amendment. >> the university of michigan has one and 200 other colleges
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do. they tell students the most of important indication of bias is actually your feeling. the university of michigan hasn't been very transparent. but at other colleges we see how ridiculous this can be. at colby college a student was accused of ableism for using the phrase "on the other harden." and it's white power, male power. entryial things can prompt an investigation by the orwellian bias response team. it's going to kill speech. charles: these kids are coming out of the college and having an impact in other parts of society
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and there is a major threat to the first amendment. >> this goes beyond college campuses. because these are supposed to be the future leaders of our country. you are seeing this with mark zuckerberg wanting to crack down on supposed hate speech on facebook without being able to define what it is. so unfortunately these people are getting these ideas on college campuses that it's okay to censor people you disagree with and they take these ideas out and use them against their political opponents. charles: why do you think we are going from here? >> i'm encouraged there is a lawsuit challenging it. speech first is a membership organization so it has standing to sue the university of michigan as long as it has at least one student as a member.
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i hope this is litigated other colleges. there is a real threat to speech here. it gets people self-censoring. i think college is about asking impertinent questions. charles: what about getting your feeling hurt. should you get your feeling hurt? >> i think you should have your ideas challenges and put in a situation where you are occasionally uncomfortable. nothing wrong with that. charles: spotify is headed towards a showdown because they black listed a couple of popular sungars. it feels like this kind of stuff is creeping and we don't know where to draw the lines. >> in the spotify case. it's interesting. i think most of musicians have some kind of dirty history. so to start drawing lines which
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are and aren't offensive is dangerous. the bought bottom line is the university of michigan is a public universities it's taxpayer funded. they are there to protect the first amendment and free speech. charles: happy mother's day to all the mothers out there. see you next week. gregg: good evening. i'm gregg jarrett in for lou dobbs. the corrupt doj leadership is still stonewalling congress. they will have to wait until next week to get a look at the documents related to the probe. rudy giuliani said they will delay the decision on whether to submit to an interview with

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