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tv   The Evening Edit  FOX Business  June 11, 2018 5:00pm-6:00pm EDT

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connell: kfc singapore getting in on the activity of the special four piece meal. get it? melissa: and one of the things kim jong-un wants a mcdonald's possibly. this could all be about burgers. connell: evening edit is coming up next. >> the countdown is on. we're live in singapore where president trump has just arrived for his historic summit with north korea's kim jong-un. president trump: it's a one-time shot and i think it's going to work out very well. >> this is the only opportunity kim jong-un is going to get to try to turn around the future of his nation because if these talks do not bear fruit and north korea goes back to its nuclear program that is not going to work out well for kim. >> there's really only two options, peace or war. >> secretary of state mike pompeo has just wrapped up a briefing from singapore moments ago. >> the set of state updating us on exactly what the president and the isn't have been doing today, more conversations between american and north korean officials to try to work
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through some of these difference s. president trump: i've said it many times, who knows who knows, may not, may not work out. >> there are only two people that can make decisions of this magnitude and those two people are sitting in a room together tomorrow. liz: we are now just four hours away from president trump's historic summit with north korean leader kim jong-un. we know our bottom line, the secretary of state mike pompeo says it is "the complete and verifiable and irreversible denuclearization of the entire core korean peninsula." the question is what does north korea want? we've got details and the breaking news money, politics we deliver the debate behind tomorrow's headlines, i'm elizabeth macdonald, the evening edit is starting right now. welcome to the show, first to your money the major averages finishing slightly higher ahead
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of tonights summit the dow ending the day up five points to 25, 322, little change as investors shrug off that g7 fight over the weekend though the blue chip index and s&p ending at three-month highs too, but first the historic summit happening in four hours, how much will north korea actually give up in the way of its nuke? now the u.s. team includes among others mr.ompeo, joh kelly he is the white house chief of staff and john bolton, the national security advisor with me now let's get to edward lawrence with the latest in washington. >> well liz i can tell you that secretary of state an up beat picture about what they can expect coming for this meeting in about four hours as you said, this is a historic meeting between the u.s. and the north koreans and nothing short of denuclearization for the white house will list any sanctions on north korea at this point. democratic senator bob menendez says he is concerned about the
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president go it alone so to speak stance on all of this and he says that menendez says that president obama and president clinton both got deals from north korea but didn't have to meet the leader face to face. well secretary of state mike pompeo says he's well aware of those deals and north korea broke both of them. >> in light of how many agreements the united states has made in previous years this president will ensure that no potential agreement will fail to address the north korean threat. the ultimate objective we seek from diplomacy with north korea has not changed. the complete and verifiable and irreversible denuclearization of the korean peninsula is the only outcome that the united states will accept. >> and verify will become the word of the month here, now on the question of what could come out of this meeting, removing all u.s. troops from the peninsula is off the table according to the secretary of state also according to the defense secretary jim mattis, at
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the pentagon today, the defense secretary says, "that would be premature right now as we wait for the outcome of these negotiations." now we are hearing there could be some sort of security assurances for the north koreans but again, not removing u.s. troops from the area. this could be a long first step or initial step towards possibly ending the korean war coming up later but that would also include china to come on board as well as south korea. liz? liz: edward lawrence thank you so mum for coming on as you heard edward just reporting mr. pompeo saying the talks are moving quite rapidly and the u.s. wants to make sure to " verify" any dismantlement of north korea's nuclear weapons let's take a listen. >> the united states has been fooled before. there's no doubt about it many presidents previously have signed off on pieces of paper only to find that the north koreans either didn't promise what we thought they had or actually renigged on their
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promises. it matters. the v matters. we are going to ensure that we setup a system sciently robust that we're able to verify these outcomes and is only once the v happens that we'll proceed. that's what's been missed before we can go back to reagan trust but verify. liz: let's bring in the author of the capitalist code economist ben stein. ben, pompeo singling out verification. is that doable? ben: i don't know if it's doable i don't know if any of this is doable. the whole thing is like something from a fantasy novel. what it reminds me of most of all is nixon going to china. they used to say only nixon was great anti-communist credentials could go to communist china and settle things down with him. i think possibly only trump with his irrational nature and threatening nature and strong
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anti-communist nature can go to singapore and possibly make peace with north korea but it is a long long road ahead, north korea is a violently brutal dictatorship. can we count on them to change that? we don't know but we do know something mr. trump has says over and over again. the koreans are among the most capable people on the planet and if we can possibly integrate them into the family of free nations we'll have dug a whole world a huge favor. liz: that could be the outcome to your point we may also see an official end to the korean war maybe even an embassy in north korea. we don't have one there just like we don't have one in iran. to your point, complete denuclearization is the only acceptable outcome but after verifying north korea is a few thousand square miles bigger than pennsylvania it could conceal moveable nuke on mobile launchers and hundreds of underground tunnels and possibly underground cities, ben. ben: i think the whole thing is
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very farfetched that we'll be able to do it. we could only do it if we are absolutely convinced of the goodwill of kim jong-un. this is a man whose done very brutal things to his own people even to be with his own family and the question i'd like to ask is what has changed him so much? what has made him suddenly a peace-loving guy is this real or a very very devious act of some kind, but verification with a modern tools we have of surveillance i think is not impossible even we could verify an awful lot. liz: not impossible. ben: i would like to give mr. trump incredible credit for doing something so daring. i think the fact that the democrats are all piling on hoping he'll fail is a disgrace. liz: you know north korea is on the verge of economic collapse to your point. mr. pompeo says the u.s. is willing to make security assurances to north korea. let's watch. >> it is the case that we are prepared to make security assurances necessary for the north koreans to engage in that
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denuclearization. that is we're prepared to take actions that will provide them sufficient certainty that they can be comfortable that denuclearization isn't something that ends badly for them. liz: you know, people, ben in the media keep falsely comparing this to the security assurances given to the ukraine under bill clinton in 1994 but that had russia in its backyard, cry me a was occupied and there was russia interference in the ukraine that's an incorrect analogy, right? ben: oh, it's a very incorrect analogy because crime ea was already basically one giant russian naval base and there are a lot of russians there, there's no comparison in this situation. on the other hand russia i don't think is as violent as a country at least right now as north korea is so there's that to worry about too, but i think we've kind of stepped back and say look at the miracle that has been accomplished here. is it fake, phony, is it a trick
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maybe so but the north koreans are not firing nuclear missiles any more. they're not firing rockets that could reach the united states. something glorious has happened. liz: it's a fair point and the president is saying we'll reintroduce even more sanctions 300 sanctions on north korea if you don't step up to the plate. let's bring some of the color to the viewer of what we're picking up and breaking news about the summit in singapore, kim jong-un he arrived at the meeting aboard on air china jumbo 747 jet made by boeing. much more comfortable and reliable than north korea's soviet-made jets staying at the regishad hotel taking a light night tour of singapore's water front, reportedly visiting the resort and even taking a selfie with south korea's foreign minister and also reportedly the leader and brought his own bullet proof limo and toilet for security reasons ben it's pretty significant. ben listen to this. north korean state media saying
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that cumulative does want to " build a permanent and durable peace-keeping mechanism" as well as the entire peninsula. notice it's saying peninsula. that's interesting north korea is saying that ben. ben: i know of course he wants to denuclearize south korea too and it makes perfect sense for him to want to do that i don't blame him for wanting to do that one bit but he's got a very very powerful country there for us to ask him to stop being a powerful military country is a big big step but do we want to guarantee that he will stay in power? i don't know. let's remember nixon went to china right at the tail end of the cultural revolution in some of the worst most brutal incidents in china's history were happening and yet amazingly china turned on a dime and went down the road and is now probably the most successful capitalist country in the world after the united states, so miracles do occasionally happen, but let's be on our guard. liz: that's a great point ben,
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ben i'd like to get your reaction to the media coverage. if you listen to certain people in the media, you would think the summit is a disaster even before it began. let's listen. >> what a turn of events seeking peace with enemies picking fights with friends. >> whatever low bar they have, then you'll have the work proceed after that. >> the president set the bar lower to start. >> everybodies skepticism is warranted. >> there's too much on the table to do anything that's look i beat my predecessors. >> this right now is a huge win for kim. >> pictures will likely be our president smiling and shaking hands with this murderer thug. liz: ben your reaction. ben: the pictures coming out of china when nixon went to china nixon shaking hands with hearder us thugs and now 30 years later we have china as a full fledged family and the lives of hundreds of millions of people have been improved dramatically and the
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whole world has been improved dramatically so things can happen and by the way i do not like this whole chorus of naysayers let's wish him well. he's trying to get peace and nuclear peace at that for the whole world. let's not spit on him. let's say we wish you well. we'll be suspicious and want verification but let's not spit on the guys trying to bring peace. blessed are the peacemakers. liz: ben stein we love having you on thank you so much for coming in sir. great stuff. ben: thank you very much. liz: fox business we will be live all night long bringing you the latest breaking developments from this historic u.s. north korea summit. lou dobbs kicking off the coverage at 7:00 p.m. eastern time. let's check your money-markets closing today slightly higher in advance of tonight's sum the dow and s&p 500 finishing at three-month highs let's get to nicole petallides on the floor of the new york stock exchange with the very latest. nicole: across-the-board the dow held on to the green and finished higher by six points
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had been up about 86 points earlier in the day the winners united health, chevron, caterpillar, home depot the best of the dow, s&p and nasdac also in the green the russel close but no closing record of course u.s. north korea summit that is front and center we'll have fox business coverage for that, facebook up 1% wall street journal saying facebook gave some companies special access to additional data users friends and that is something that will be ongoing and congress certainly doesn't like that. amazon under pressure at one point and this is because foxcon is investigating labor conditions although it did finish higher by one-third of 1% electronic arts new high as the gaming expo conference is underway back to you. liz: thank you nicole great to see you. we are just hours away from the kickoff of the summit of north korea. kickoff of our special coverage. coming up what exactly does north korea want and what will it pony up? we've got a new report says economic investment, modernization and much more,
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we're bringing in former trump transition team national security advisor kyron skinner will weigh in, next. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. and it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction,
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>> until such time as we get the outcome that we're demanding , economic relief is not going to be provided. there was always this hypothesis that somewhere along the way the americans would take their foot off and allow those economic opportunities for the north and thereby reduce the capacity to actually achieve the deal. we're not going to do that. liz: that's secretary of state mike pompeo making it clear what the u.s. wants out of tonight's summit with north korea. but what does kim jong-un want? north korean officials saying the isolated regime wants to modernize its economy. south korean officials saying the north wants u.s. investments like even the mcdonald's to help
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out. now look at this data. 2013 figures south korea's economy is 36 times bigger than north korea. look at those numbers there, north korea leader kim also says he learned a lot about singapore 's economic potential through its tour walking around the city seeing economic growth in singapore and look at this republican senator lindsay graham summing up what president trump might do tonight and the possible outcomes. let's listen. >> i think what he's going to convey to north korea is he wants a peaceful resolution to the nuclear threat as well as to end the korean war, but the goal is to eliminate their nuclear missile program not contain it, do it in a win win fashion. there's three outcomes here. peace, where we have a win win solution. military force where we defer as tate the north korean regime and stop their program by force, or to capitulate like we've done in
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the past and donald trump is not going to capitulate so there's really only two options, peace or war. liz: now we want the top brains and minds on thisubject so we from bringin in fox news foreign policy analyst kiron skinner we welcome you to the show kiron great to see you. >> thanks for inviting me. liz: so what is north korea's bottom line? what does north korea really want? >> well, north korea that's a complicated question but if you're talking about the north korean leader he wants regime survival and recognize the need for prosperity in his country if he wants to hold on to the elite and the military in terms of their commitment to the kim family and also to bring along the millions oforth koreans who live in unmistakable poverty i think he realizes he needs prosperity and the way to get there is through a denuclearized
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korean peninsula through joining the community of nations through abandoned the enduring isolation that has led to famine in the country, and these are very difficult choices, because his goals are clear, prosperity but the route there may mean giving up some of his power or at least being a lot more vulnerable than he's been. liz: you're making such excellent points the question is kim finally ready to give it up it's also about reuniting the entire peninsula under the single nationalityf the korean s, it's about the s size as the united kingdom slightly more than france in terms of population and south korea is pretty powerful with a strong economy of samsung, hyundai, kia motors maybe it's the way to go. >> i don't think that we have any indication that the north korean leader is ready for a unified korean peninsula under
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rule by full i a more western democratic framework but i do believe he wants to tap into the trillions of dollars of natural resources which makes north korea such a paradox in world politics. it sits on these amazing resources but it has suffered famine in the 1990s for example. i believe he realizes this is not a sustainable model for not even five more years, 10 more years the world is changing and north korea cannot survive without joining the community of states. that does not mean it becomes a democracy or free nation but its got to find some pathway toward economic reform that opens up the system and allows private and foreign investment. liz: and to your point human rights reform because you know, the world over human rights watchdog said north korea is one of the worst when it comes to human rights, running a prison camp system holding up to
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130,000 people including multiple generations of families holding many for life. the regime accused of committing stomach-turning atrocities on a vast scale and a manner like nazi germany and much of the inmate population is basically being eliminated through starvation and deliberate torture, execution, rape and more. your reaction to all of that, kiron? >> what you've said is not an oversight and it is one of the saddest chapters in modern world politics that we have people living under these conditions, and i do leave there will come a point when historians and scholars like me will look back and say why did we allow this to happen for so many decades. president trump has taken it seriously. there would be no singapore summit were it not for the fact that three americans, who were living under human rights abuses in north korea were released, and the president has met with
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about six north korean defectors in the oval office and taking this very seriously and it's a step-wise approach that led to this military summit. liz: well kiron skinner we loved having you on great great insights come back soon. >> thank you. liz: we are monitoring the situation on the ground of the historic summit with north korea now just hours away, we're having also some debate here about former obama officials including national security advisor susan rice, now declining to give president trump any credit for breaking ground with north korea. we're bringing in the wall street journal with us to react after this. hi.i just wanted to tell you that chevy won a j.d.power dependability award for its midsize car-the chevy malibu. i forgot. chevy also won a j.d. power dependability award for its light-duty truck the chevy silverado. oh, and since the chevy equinox and traverse also won
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chevy is the only brand to earn the j.d. power dependability award across cars, trucks and suvs-three years in a row. phew. third time's the charm...
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president trump: the era of strategic patience with the north korean regime has failed and frankly, that patience is over.
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north korea best not make any more threats to the united states. they will be met with fire and fury, like the world has never seen. rocket man is on a suicide mission for himself, and for his regime. it makes sense for north korea to come to the table and to make a deal. things are moving along well. it looks like the meeting is set , the summit is all ready to go and i hope it continues on this track. if it does the world will be a very happy place. liz: we are now less than four hours away from the historic summit at singapore former obama officials however including national security advisor susan rice now declining to give president trump any credit for breaking ground with north korea let's watch. >> do you give the president some credit for being willing to take this high level of risk? >> well i think it's clear that the past set of efforts have not
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succeeded. i am a believer in diplomacy and i am open to new methods of trying to accomplish the consistent objective that we have of full denuclearization. i think the question is are we walking in prepared? are we walking in with our allies behind us? are we in a position to understand that one meeting is not going to be one and done. this is the start of a serious negotiating process. liz: wall street journal editorial page editor james free man joins me now. just talked about, you know, a lot of preparation, pasta tempts have failed, wouldn't mention president trump by name. did you get that? >> yeah, i mean, she's right to be skeptical, given kim's history that we're going to get any progress here. this is a brutal dictator. liz: but we've gotten pretty far >> i think where she's wrong is this idea that this should be the start of a long negotiation.
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i think he is forfeited that right. i think the only reason to meet with this dictator -- liz: who has forfeited that right? >> kim. so he's done nothing to deserve this meeting. i think he needs to deliver something big immediately to justify the president ging a platform to this guy. liz: let's listen to former obama deputy national security advisor ben rose now blaming south korea's right wing government for the reason why president obama did not make progress there. let's listen. >> with north korea what was different for us was two things. one, we had a right wing government in south korea the whole time we were in office and i think people failed to appreciate how much the fact of this diplomacy is tied to president moon more than anybody else, and the second thing is is that kim jong-un took power while we were in our second term and we had to take the measure and what we saw him do was perge any potential opponent and then
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towards the end of the administration begin to consolidate this nuclear deterrence. liz: this is a stretch. that's an understatement. what, iran wasn't conservative enough for obama or cuba wasn't conservative enough for obama what is he talking about there? >> well it's interesting you watch that and you think maybe at least based on his reaction he seems to think president trump is really going to get something historic done here because he's already making excuses for why mr. obama couldn't get it done but just so people know he's talking about this right wing government he means the duly elected government of south korea are facing down these monsters up north. i'm not sure what the appropriate posture is other than to be skeptical of kim's -- liz: so ben rose is saying obama didn't succeed because the south korean government was too conservative are you buying that >> no, i think you've seen the problem with kim with the north korean dictatorship through many administrations but he's also,
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he's pointing to cuba as some kind of model or iran. these are both countries dictatorships where the obama administration decided to treat them like reasonable countries and what did they get in return? cuba. there's been no reform you're not seeing them treated any better. iran they haven't stopped funding terror they haven't stopped being the main threat to peace in the region so it's an odd checklist i guess what he thinks of as achievements. liz: here on the other hand is north korean analyst michael bean telling fox that president trump is doing something revolutionary. watch. >> we on the korean peninsula would be looking at it from the point of view of what's in it for us, and from that perspective, this man is the revolutionary in a sense. >> a revolutionary? >> i mean, he's done something that nobody else has been willing to do.
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liz: you know, it might go under stated in the news, james, that president trump may be stepping into a hinge moment in time with north korea. north korea could be on the brin k, and maybe he will get something out of this. >> he might. i would tend to be skeptical and i worry about the president any president going into a situation and wanting that historic moment wanting that headline. the history here is that he shouldn't be optimistic but why is this maybe different? maybe he presents a more credible threat to kim and there are signs that china is helping put some economic pressure that the sanctions are having a bite that maybe they didn't before. liz: but this white house is being painted as naive. i think that's far from the truth. >> yeah, i mean, in terms of naive, i think you look at his predecessor very willing to open the door to relationships with a number of these dictatorships we've been talking about. my fear in this case is that
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president trump doesn't, that he drives a hard bargain and he's certainly said he will and let's hope that's thease. z: we love having you on come back soon great stuff. the historic meeting with north korea scheduled to begin at 9:00 p.m. eastern time that's 9:00 p.m. u.s. eastern time it is just hours away president trump let's get to this story for you. he did call out canada's prime minister justin trudeau for saying one thing in a private meeting and then saying something else in a domestic press conference. we'll bring in a former special assistant to president trump, he is mark ladder. he's fired up there, he's going to react to the sound after this s
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liz: i've got breaking news president trump tweeting moments ago about how things are going at the summit saying "meetings between staff and representative s are going well and quickly but in the end that does not matter. we will all know soon whether or not a real deal unlike those of the past can happen." let's get to this story for you tough talk on canadian prime minister justin trudeau at the g 7 summit over planned u.s. tariffs on steel and aluminum and more let's watch. >> it's kind of insulting and i highlighted that it was not helping in our renegotiation of nafta. it would be with absolute certainty and firmness that we move forward with retaliatory
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measures on july 1 applying equivalent tariffs to the ones that the americans have unjustly applied to us. it is not something we relish doing but it is something that we absolutely will do because canadians, we're polite, we're reasonable but we also will not be pushed around. liz: and we have more breaking news we are now learning that canada will now offer $100 million in loans to the companies hit by the u.s. tariff s. president trump accusing the prime minister of making false statements, top white house officials also attacking trudeau watch. >> there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald trump and then tries to stab him in the back on the way out the door, and that's what bad faith justin trudeau did with that stunt press conference . that's what weak dishonest justin trudeau did and that comes right from
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air force one and i'll tell you this, to my friends in canada, that was one of the worst political miss calculations of the canadian leader in modern canadian history. >> we get on a plane and then this guy trudeau starts blasting >> so what's key here? >> kim must not see american weakness. how many times has president trump said if you hit me i'm going to hit you back. trudeau made an error, he should take it back, he should pull back on his statements and wish president trump well in the korean negotiations. these other members did. he went rogue. liz: with me now former special assistant to president trump he is mark lauder. great to see you. >> thanks for having me. liz: critics are saying the special place in hell rhetoric is over-the-top and unnecessary what's your take on trudeau. is it a good thing to be angering our allies or is there really unfair trade with canada. set aside that rhetoric go ahead >> there's absolutely unfair trade with canada and that's what the president is calling out just use the example of
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dairy. they charge a 270% tariff on u.s. dairy products and there was a story today in one of the newspapers talking about how canadians cross over to the american border where they can get milk, cheese and butter for half the price because they are protecting their farmers there and driving up costs for their own residents but this is more about justin trudeau's politics back home where his party was basicallyish you'red out of power in ottawa and the most populist province in canada. liz: the point is senator dianne feinstein blasting the "bullying insults" from the white house advisors saying disagreements can be fixed through a nafta negotiation or the wto, not insulting one of our oldest key security and trading partners. >> this is a case of america having a president who will finally stand on their side who cares more about how the american people feel than how world leaders react.
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we can have a disagreement among family. we can have a disagreement among friends that's what we're having right now but president trump is going to have tough talk. he's going to talk about the issues that are important. especially as it relates to protecting american jobs and we can do that with our friends and family. liz: it's just not clear if the insults will get us into the end zone. i mean we just haven't seen administrations insult their way into result, mark lotter. we haven't seen that before. the critics saying it may not have been necessary to have peter navarro out there like that or larry kudlow saying that and whether or not it shows weak ness to north korea, does it really matter? the u.s. is a super power. i mean, a spat on the side with justin trudeau will make us seem weak to the north korean leader it just doesn't fly. no it doesn't make any sense and granted that is not language i would have used, but here is the question. we're still the world's only super power economically, military and north korea knows that. this is about resolving a
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difference in policy amongst our friends and family and we are still friends and family with the g6. but let's also have another fact on the table. america's economy is bigger than those other six countries combined. we are still the leader of the world economically. we want to be treated fairly. put our workers first that's what president trump is doing. liz: just stick to the facts right and enough with the insults, mark lotter. thank you so much for coming in. the time is getting close to the historic summit with north korea tonight at 9:00 p.m. eastern time in the u.s. now this democrats like chuck schumer is going after the president saying he's turning our foreign policy into an international joke. my next guest is fired up and ready to take that on he is the weekly standards executive editor fred barns and he joins me next. i feel a great deal of urgency... i think, keep going, and make a difference.
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yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. liz: welcome back we are just hours away from the historic
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summit between president trump and north korean leader kim jong-un it's all in an effort to end the regime's threatening nuclear program this senate minority leader chuck schumer slamming the meeting saying president trump is turning our foreign policy into an international joke doing laugh ing damage to our country without any rhyme or reason, chuck schumer also said with the g7 fights, republican senator lindsay graham had this to say to democrats. >> and to my democratic friends , have president trump's back. i know you don't like him, i know we disagree but this is a chance to bring the north korean program to an end in a way that's good for north korea, good for the world good for the united states. the least you can do after writing in a letter is to have his back and let north korea know that you would support military forces the last resort and if you're not willing to do that you've done more harm than good. liz: so here is the question will democrats slamming this effort at diplomacy with north
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korea and if there's a victory will that hurt them in the mid-terms? let's bring in weekly standard executive editor look whose here fred barnes so excited to have you on. >> thanks, the answer to the question is yes. it will hurt democrats. liz: why? >> particularly if trump makes some head way in north korea and i think he probably will. i don't think that noh koreans going tonnoue they're getting rid of their nuclear weapons immediately but he's already gotten farther than any president has because their policies been different. trump is different he doesn't appease, he threatens. he calls them names, and the north koreans have responded in a way they did to no other president. liz: you know, we are now in a historic time here domestically at home, fred. we are now in an economic expansion that is second, the second longest in history. the economy is roaring ahead but talk show host bill mahr, watch
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how he is going after president trump, big time. let's watch him. >> i feel like the bottom has to fall out at some point and by the way i'm hoping for it, because i think one way you get rid of trump is a crashing economy, so please, bring on the recession. sorry if that hurts people, but it's either root for a recession or lose your democracy. liz: breathe taking tedious and fatally naive analysis fred not only is he not only a multi- millionaire who would not get hurt in an economic collapse but even mad align all bright in her new books about fascism says history shows economic collapses lead to dictators like hitler so what's bill mahr talking about? >> well for one thing bill mahr is an economic idiot but he also doesn't seem to be very smart historically either what he said is of course right if you have an economy that collapses and people are suffer ing they're losing money, not getting enough food and so
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on that's not going to lead to a stronger democracy that's for sure. liz: i mean, words escape me what bill mahr just said. i don't think he's one of those guys who said he was leaving the country if trump was elected but what do you make of people sitting in their comfortable position making a lot of money saying you should lose your job so the president gets kicked out of office. >> it's the way to lose elections what hillary said about coal miners, and look what happened to her. liz: yeah, fred barnes we love having you on come back soon. >> i will. liz: wish i had more time with you. we are just hours away from the historic summit with north korea , president trump saying he will know if the summit will succeed within the first minute. the president is tweeting right now, we just broke that news just moments ago we're bringing in former cio covert operations officer one of the best minds in the business it's mike baker here to react in how to read a dictator, after this. man: i got scar tissue there.
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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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president trump: how long will it take to figure out whether or not they're serious and i said maybe in the first minute. you know the way they say that you know if you're going to like somebody in the first five seconds? i think that very quickly i'll know whether or not something good is going to happen. liz: the president saying on saturday he will know within the first few minutes how the meeting is going and we are just hours away from the historic summit between president trump and north korea's kim jong-un set for 9:00 p.m. eastern time that's u.s. time, former cia covert operations officer mike baker is here to react we love having you on mike great to see you. thank you, liz appreciate it. liz: can he really assess kim jong-un within minutes? >> [laughter] yeah, this is what i love. i love the fact that there's
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people right now losing their minds yet again, because they think everything the president says literally. look he's like my, to some degrees like my six year old boy mugsy. he makes pronouncements and declarations he just says stuff. i don't think anything mugsy says literally because i know that's how he is but he surprises me and gets things done some types. this is the posturing that has been taking place ahead of this meeting both by the u.s. , by this administration, by china, by north korea and it's all just part of the i don't want to say gang because i don't want to make light of this, this is very critical business but it's part of the game that go on before they actually sit down it's all posturing. liz: so it's interesting your take on it because i think you're right that people take everything president trump says literally and they lose their minds over it, right? >> yeah and they spend a great deal of time parsing every little word and he's just throwing this stuff out but look
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, despite his image of shooting from the hip and he's going to make a decision in the first minute, he's going to sit down having been very well briefed and he may do things that are unexpected and he may say things that are unexpected but look the man is not stupid despite what the resistance is a lot on the left may think. he understands the seriousness of this situation and this is a meeting this is one step in a process if anybody expects them to walk away with a treaty signed, they're miss reading the situation and if anybody says anything about this meeting and they say oh, look they didn't get a treaty signed then frankly those were the people that are rooting for failure to begin with. liz: i'm terribly sorry we're running out of time. what are you looking for tonight >> well first of all for them to actually sit down together right? anything could happen this has always been a low pceage shot but it's definely worth pursuing so first of all i'm oking for them to actually sit
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down and have a conversation. beyond that, frankly, i think they will set a frame work for a follow-on meeting. it's like in the old days if you meet somebody of interest in my old business in operations your first point of effort is to get a follow-on meeting i think that's what they are looking to do and down the road should we ever get to the point of talking about actually removing their nuclear weapons the focus always has to be on verification. that's what's been missing from all these other weapons. verification. liz: mike i just love that you have a sun named, the nickname is mugsy, is that right? >> oh, no that's his christian name. liz: you're the best, mike baker come back we love having you on. >> take care. liz: you too. we are just over three hours away from the historic summit with north korea. we'll have the latest movement on the ground after the break, don't go away.
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liz: president trump tweeting out the stock market up 40%.
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great unemployment for black and hispanic unemployment. lowest in history for female unemployment. let's get to fox business' charles payne. charles: we are just three hours away from his historic summit in singapore between county rrp and kim jong-un. they will meet face to face with just their translators present. dierdre: good evening, it's good to be here. this is an historic summit. a sitting u.s. president is g

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