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tv   The Evening Edit  FOX Business  December 5, 2018 6:00pm-7:00pm EST

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families. as moving as today's ceremony was in washington, tomorrow's is suppose to be just as moving. thank you for tuning in. a poignant day for us and i hope for you are as well. thank you for watching bulls and bears. liz: it's a national day of mourning for our 41st president george herbert walker bush. the plane carrying his casket at ellington field, houston. there will be a private service tomorrow. hundred ches dignitaries, world
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leaders, five living presidents gathered. president bush was celebrated with love and humor and his son george w. bush broke down. gmcceo, mary barra facing the gauntlet over their decision to close plants. edward, what's going on. reporter: you are not seeing me because here is the ceo, mary barra, coming in for her next meeting, the delegation from maryland talking about why the plant there is on the list to be closed. she is there to explain why gm needs to close 15 plants.
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she needs to restructuring gm to make the come anymore viable and have it vibrant for the future. >> it's 2009. we have invested $22 billion in the united states. in the last couple years we invested several more billion dollars and we'll continue to do that. reporter: there are 3,000 hourly workers who will be able to move within the united states to other plants. but that still leaves 12,000 people that will be affected by this. she was asked to putt new technology at least in ohio to bring the plant back to life and save some of those jobs. >> she said to us she is willing to keep an open find, but does not want to raise expectations. reporter: after the meeting, tomorrow she'll meet with the
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michigan delegation to explain her thinking for the company going forward. liz: steve forbes joins me now. what's your take on gm? >> i think what you see is poor timing. they realize that announcing that apartment thanksgiving and before christmas. but the auto industry is very, very competitive worldwide. people are not buying passenger cars the way they used to, they like the suvs and trucks. they probably made the right decision, but the timing left something to be desired. i think in lordstown they will do something to keep that plant going even if it's nowhere near where they had it before. liz: the funeral of george h.w.
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bush. a world war ii hero. he membershipped set the stage for the end of the cold war. you say his policies also helped set the stage for the economic boom of the 90s, but he's blamed for raising taxes. >> i think raising taxes was the wrong thing to do. but he dealt with the cold war and the savings and loan crisis. so he did a lot of things right. i think it's beginning to be appreciated, his role in ending the cold war without a shot being fired. because it went smoothly we think it was the most of natural thing the world. no, that was an enormous achievement. so he didn't get credit at the time for those major achievements. i think in the future he'll be even more influential in death
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than was in life by the example he set of service, civility and putting the country first. liz: the strong american economy is helped by a strong american policy. >> security is essential. that's the first duty of a president or king or whatever. as they used to say, defense of the realm. he was cognizant of that. he did cut back at the end of the cold war and did so in a much more careful manner that was done subsequently. he was well aware from living through the 30s and 40s, you have to have a good defense. his leadership in that area we could have used in recent years. liz: can you tell us your personal thoughts and memories of the president.
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>> he was a president who cared with the country, by also cares personally. when my father died, he called me and talked about what my father meant to him. he understood the importance of communications and getting america's message out to the world. but he also had that personal touch that makes an impression that never leaves you. liz: you can see his ton's personal touch saying he had a horrible short game and he hated vegetables. >> it was a good combination of humor and sadness. i think what george w. bush did was the perfect way to end those extraordinary eulogies starting
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with meacham,' and fell mull reason wh, and primeminister mu. liz: in 1991, george h.w. bush was poking fun at the queen. it was said at the time, you have your competitive walk agenda. you had a secret serviceman out of breath trying to keep up with you. the queen. he had that personal touch. he could combine rewhraitions heads of state and that personal touch. gorbachev learned to trust him. the former head of the declining soviet union. he didn't lord it over him. he practices diplomacy so this
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thing went as good as it did. if you would have said we would end the cold war without a shot being fired and germany would be reunited as part of nato you would have said impossible. but he brought it off. >> sir, thank you so much. we are joined by senator john hoeven. you attended the service. can you tell was you remember most of? it was remarkable. the music was incredible. the military, not only the marine corps symphony, but the it in chorus, the singers. and the presenters were outstanding. but bush 43s presentation incredibly powerful, particularly when he said about his father, i was the finest father a son could have.
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and he choked up in wasn't a dry eye anywhere in the cathedral. liz: we were covering it on the stewart varney show and we had tears in the our eyes seeing george w. bush break down. you could see he was trying to hold on. but when he got to the part where he said the last words he said to his taught term were, i love you. >> bush 43 is a strong man. he was going through the eulogy and wanted to do a good job for his dad. he was so strong all the way through. and that final moment when he said he was the finest taughter a son could have. that trestle tbhaitd people. it captured his father. it captured their love. it was a beautiful moment. liz: dignitaries were there.
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angela merkel, the king of jordan, and former fell of england, john major. >> his relationships with leaders around the world. look at his resume before he was president. he was at the u.n., cia director. envoy to china. but that personal touch. he reached out to everybody, and he did that on the world stage. i think there are leaders across the globe, you know, that still really admire and fresh yaiment george herbert walker bush. >> thank you for coming in, we appreciate it. liz: what many may not realize is the huge impact president george h.w. bush had on the supreme court. you pointed out he nominated two
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justices and paved the way for more. >> one who displeased him, david souter turned to be the darling of the liberals on abortion rights and expanding congressional regulation on economic rights, and on the side of eminent doug dough main and l it to the -- eminent domain and sell it to the highest biddered even if it's not being put to public use. when you teach law school you use a case book. 1,500 phages. the cases first and second year
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slaw students need to know. i see opinions by justice clarence thomas. thin look at the author, the editor of the casebook. some of the most of liberal intelligentsia in the they will community showing respect for clarence thomas. he appointed mr. john roberts to the circuit coast appeals and he appointed mr. samuel alito to the court of appeals, each of which ascended to the supreme court by his son. i don't know that he could have expected justice thomas would serve as well and as long as he has. justice thomas has more, justice clarence thomas, has more of his
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own clerks now as federal judges and senior administrators in the non-political appointee, civil service than any judge in modern history. liz: senator hoeven is still here. can you react to what judge napolitano was saying about the h.w. bush's impact on the supreme court? >> the fact is that the media just ignores what the impact that he has. so you don't read in the public press much about him. but he's had the kind of impact i think if george h.w. bush would have chuckled and appreciated, somebody who is laid back as thomas is, and as
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george h. wsm bush was, and made a huge impact. sometimes less can be so much more. liz: we are seeing the bush family leaving the plane. can you react to what steve forbes and judge napolitano are saying? >> i totally agree with them. it's interesting to watch as the family comes off air force one. i have flown with bush 43 on air force one. it's amazing to see air force one carrying the bush family. no question it's been a profound impact on the court. liz: you have personal anecdotes. >> i met him after his
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presidency. he twice teased me about my height. he was twice admonished by barbara for it. she said you yale guys think you are superior to guys princeton. but it was the type of warm enthusiastic didn't expect from this patrician. everything everybody is saying about him, the aim built and kindness and warmth are what i observed the two times i met him. liz: it gets breathtakingly tedious to hear conversations that weed have lost that demeanor, and integrity and service. i think there are still people in this country who are like that. people are talking like all is lost. that d.c.ers gone forever into a
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pit of terrible ways of behaving. >> i think by his example, those traits will live on. that's why his influence is going to be perhaps even greater than it was when he was in the white house by the example he set. it's out there. the american people's response to it today underscores the fact that people like this kind of behavior, like that example of service with humility. it's there today and you will see more of it in the future because of george h.w. bush. liz: you were at the funeral. i was taken by the buy something water john meacham. laura bush sets an enduring example of elegance and stability. he called -- george h.w. called barbara the silver fox.
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when the situation warranted, the enforcer. they are honest about their roles in the family. tie run into quite a few couples married 50 or 60 years. very few over 70 years. in their case 73 years. he called her bar or the silver fox or enforcer. listen to bush 43 talk about her in the same capacity or jeb and they will tell you the same thing. liz: there were a lot of touching moments at the funeral. >> i thought meacham was beautiful. and senator simpson was hilarious, and george h. bush made everybody get goosebumps when he made everybody laugh the way he did.
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liz: you can see george w. bush hold back his emotions. he cried at the rounded soldiers and cried at the opening of his library. first lady laura bush, she was visibly moved. you could see that on camera. >> george h.w. bush was president, but he was also a fantastic father. bush 43 had a tough time when he was younger. it was the firmness and understanding of his father that helped him mature toib the great man he became. it shows, you stick with it, and you have firm principles but know how to apply them and do it with love, and the results are amazing. and the loss of a father like that, we don't want to get as you say preaching too
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idealistic, that's the kind of model parent should look to. having principles, firmness, and love and understanding when kid sometimes get into a rough spot. they will get out of it with proper guidance. liz: you are watching a life shot of ellington field, houston. exiting the carrier to go to a motorcade. then there will be a private funeral in houston, texas. every living president, five of them were there, judge napolitano. >> every vice president since 1977 was there except for george w. bush. mondale was there. i'm talking about the one where the senator was at the washington national cathedral.
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[♪] ♪ "hail to the chief
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♪ "faith of our fathers"
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liz: you are watching the ceremony as the ellington field as the casket of george h.w. bush has arrived in houston, texas. it will lie in repose at
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st. maarten's episcopal church. you were at the up funeral today, george w. bush is still clearly trying to hold back tears and so is the first lady. it's so hard to watch somebody hold back their tears, then break down when they read an emotional statement. >> absolutely. you can see he's still struggling. it became so apparent. as he made his wonderful presentation. he wanted to be strong and he was. but when he came to that special moment talking about what his father meant to him. and he broke down for just a second it was so emotionally powerful. man or woman, there was not a dry eye in the cathedral. liz: the three granddaughters
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were wonderful. steve forbes. jon peach. hop eulogized first lady barbara bush. he recalled george h.w. bush on the campaign field shake hands accidentally shake hands with a department store mannequin. and when he realized his mistake. he said well, never know, got to ask. >> in that line in certain parts. america they would be voters. so the humor is still there in our great country even in a solemn moment like this. george thvment w. bush was our greatest baseball president. he loved the game, played the game well. when he was in college, yale, he
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went twice to the college world series. he had an amazing store of anecdotes and statistics about baseball. there was a great story in the boston globe about george w. bush's great love of baseball. the red sox from the 1930s and 40s. that part of them again we didn't fully appreciate. but baseball has been the national pastime. this president appreciated it more and understood it better than any president. he would always be anticipating what the players would do. and he understood the glories of baseball. that was just another feather in extra ordinary cap of george h.w. bush. liz: final word, senator hoeven. he epitomized love, respect and honor, something we all
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appreciate. thanks for joining us. let's get to the markets. futures are trading down 1778 points after a -- 178 points after a massive sell-off. we have a jam packed rest of the show for you. stay right t there. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions 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.
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liz: yesterday we lost almost 800 points. nearly a thousand points in two days. we are staying on this for you. futures don't necessarily indicate what the markets will end at close of tomorrow's trading. but we'll stay on it for you. "the washington post" slamming google suggesting it is doing evil by building a censored search engine for chain sta that can spy on citizens.
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the u.k. exposes more facebook controversies in a reveal of internlt documents. we need one of the best cyber pros around to break it down. >> this is not great news. this is not a good story. google has been pivoting its position on china. first it says? 2006 we are going to go in and bring up the search engine. there is a lot of money to be made in that market. there is a lot of the world's pop nation china. but the chinese government has censorship issues, and what is the chinese government's role going to be. are they going to have access? google's ceo continues to take a different public position against what google employees are saying. liz: google shut it down in
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2006. the executive saying china is surveilling and hacking into citizens gmails. let's get to facebook. the u.k. has seized internal facebook documents and emails and found another big reveal that yes facebook was selling access to user data. mark zuckerberg said we don't sell user data, but they have built access. they built spyware that's could take out your user information without you know being it. and in android devices recording the history of who you are calling and texting. that's what facebook was doing. >> facebook until it middle of a lot of ethical issues. there are different secretive agreements with android
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manufacturers, with different application factors with what kind of information they can garner if they are using an android phone. both google and facebook are free. that's what people will say, then you say okay. then users are the product. so maybe we should be called suppliers and not users, right? >> if it's free, you are the product. there is no question. we are day by day giving up so mani' personal data that is so valuable. and at the end of the day facebook trirs an advertising company. >> if you take the otherside of that argument, people saying you have this denying aspect toward facebook. if you go to a medical clinic, medical clinics we are hoping aren't distributing your records.
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>> facebook is doing a valuable service. there is a good there. >> share photos and ideas. but on the other side, this is something the united states is struggling with. the data privacy aspect. it came from the u.q., so the e.u. has the new privacy regulations. liz: we are going to take a quick break.
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that treaty, russia will do the same. this after mike pompeo said russia has 60 days to come clean about cheating under that treaty. so this treaty kept the peace for 30 years. apparently the u.s. has intelligence that russia has a cruise missile that can hit europe with little or no notice. >> one is a rocket which exceed the imf treaty limit of 300 miles, and the other is a cruise missilethey have been at this se 2011. all 27 nato nations agree the russians are cheating just like they did in the ukraine and georgia and they lied about interfering with our elections
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in 2016. liz: are you worried about it? >> first of all, putin has as you may have heard, has threatened that this may lead to a nuclear arms race. russia doesn't have the military resources or the money to even begin to threaten the united states with an arms race. secondly, the united states started its own refurbishment of its nuclear program and is well ahead of the russians in that category. both sides have 7,000 nuclear weapons. the last thing the world need is a newly minted nuclear weapon. the imf is going to die in 60 days. there is very little vladimir putin can do to keep that treaty alive. liz: russia sees nuclear weapons
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as a cheaper solution to conventional forces. >> no. increasingly the battlefield is beginning to expand whether it's naval, air or land power. that's have much the case in europe. now that the american military is focused on a peer contact with russia, whether it's a conventional rocket or nuclear weapon, the dynamics of war have grown beyond the treaty. the russians understand it and we understand it. the united states is already beginning to develop rockets that go beyond 300 miles. this is a normal evolution of war and we should not be worried about it. liz: i hate to hit you with this. but china's technology is under
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fire. b.t. yanked out of the cover its network huawei * equipment. the futures down another 240 points. nearly a 1,000-point drop in three days. investors are poring through the u.s.-china trade negotiations. what is your take on this. >> the chinese have never been street up about anything they do. as a soldier i can tell you their approach to stealing our it in secrets is legend, at least within the department of defense. there is very little that one can trust about the statistics on chinese business about their policies that deal with finance. they have always been less than honest with dealing with the rest of the world. what's happening now is all of
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that is coming home to roost. fortunately the -- unfortunately the american investor is suffering in the short term. liz: is president trump the right one to take them on? >> absolutely. they always believed if china's markets can open up and they become entrepreneurial that democracy will follow. i think you will agree that what's been proven the last 20 years is that's not necessarily so. the chinese have found a way to enriched their country and remain a totalitarian state. and we have to come to grips with that. liz: are you optimistic we'll get a deal with china? >> i think so. it's more in china's best interest to get a deal than the united states. they have more to lose.
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liz: major general scales, thank you for joining us. the futures down 240 points. let's bring in our money pro, michael lee. michael, are you worried? are you going to be buying or selling tomorrow? >> liz, i will be looking to buy. i think we have two competing narratives. i think they are both wrong. but they are dominating the conversation. first is the fed will raise rates too high and too fast and cause a recession. the second narrative is the fed will stop raising rates because growth is slowing so dramatically. >> are you in the bear camp that you see recession? >> no. i think a recession is years away. we'll have a recession at some point in the future. but not in 2019 and most of likely not in 2020.
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people looking to plea detective such an occurrence there will be is no real evidence out there other than the media narrative. i think volatility is here to stay. i think these 1 1/2, 2% moves are coming. liz: i hear what you are say. but we came off zero volatility last year. 1% or 2% historically move is not a big deal. are you confident the u.s. will get a deal with china. president trump will not allow that market to drop. he'll grab that trade deal as soon as it's a good one for the united states. what do you think? >> in terms of trade with china,
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this will and long drawn out street fight. they need the foirn investment and they need to be a global trader. he can't be a closed economy. liz: is deirdre bolton ready to go again? dierdre: i swept in. 263 down. there is a lot of traders in. you were speaking with them in the sell-off. the sub total was what happened in buenas aires. we know the trade tensions have a 90-day window where they are frozen. but a lot of investors don't know what that means after. a lot of people i am reaching out to are saying we don't know which industries will be affected. we heard these kind of silver lining possibilities. we heard actually president trump tweeting out earlier,
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referencing an article that bloomberg had written saying the chinese have agreed to start buying industrial products and liquid natural gas. have agreed to start buying, the implication was soybeans. it seems as if things are moving in the right direction. still no precision. that anxiety and worries are what showed up information that huge market day sell-off. we had a global sell-off. our markets were closed today in honor of former president bush. the rest of the world was trading. it was a rough day in europe and asia. and and lot of other countries are looking at what's going on in china between us. he if there does seem to be a lack of precision and vagary about what's coming in the next 90 days. all that means for people is
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they don't know what's happening for the next three months. >> here is the other thing that's going on. we got breaking news, deirdre. let's get right to edward lawrence with an exclusive interview. >> not everyone -- there are a total of 15,000 basically the job cuts. but not everyone is losing their job, right? >> there is definitely opportunity for many of the workers to work in other factories around the country that are growing. that's our focus. we understand it's a difficult time it's a difficult announcement to make. we are focused on making sure they understand the situation and know the options open to them. that's where our focus is now. i was pleased to speak with many of the representatives from maryland to understand their issues. we'll move forward and make sure we stay in good connection. but our focus is on the workers.
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reporter: to people say the money that went for the corporate tax could be used to save these jobs. >> this industry is transforming and we need to make sure general motors is around for you the next several decades. we have responsibilities to employees, folks who retired from the company, our investors. are trying to make sure we have a strong general motors that will be ready and lead in a changing market. >> there was talking about reed with you configuring the factories. >> we are expanding capacity with new technology. and we built test vehicles for autonomous vehicles. over the last several years we
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bottle of our engineering jobs and i.t. jobs back to the united states from many countries around the world. it's something we have invested in here. reporter: will you think of moving some of them town this plant? >> we'll work with our union. these plants are unallocated. i have a responsibility to work the uaw on that. reporter: thank you very much. there you have it. mary barra leaving the meeting with the maryland delegation. tomorrow we'll meet with the michigan delegation. so a lot of news, lawmakers are trying to get her to possibly save some of these jobs and reallocate the technology into some of these plants that might be closed. but this seems to have united republicans and democrats who don't want to see job losses in their districts. liz: thank you so much. great reporting there. we'll be right back.
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stay right there.
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but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions 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. >> welcome back. you will not believe the story. massachusetts governor baker calling for a state judge to be temporarily removed. why? she helped an illegal, josc
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perez sneaked out the door of a courthouse with federal i.c.e. agents wanted to arrest him in the front of the courthouse. let's bring in bristol county massachusetts sheriff, sir, this is outrageous. >> this is as bad as it gets. about a year and and a half ago i testified before judiciary denzel washington before congress. i remember congressman king asked me, sheriff, should be done for these people that are harboring and concealing people they know to be in the country illegally? and i said there's only one thing to do. issue arrest warrants on them. frankly, this judge and what she did, in a calculating way, undermined not only law enforcement, but undermined the people in the community who trust her to do everything that she can as a judge to make sure the communities are safe. >> is a grand jury probe to get to the bottom of the allegations.he is a multiple offender. he was arrested and deported multiple times for drug charges. we have heard judges obstructing justice before. i do not understand how judges can get away with that.
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>> that is a problem. until we start really cracking down on whether it is judges were elected officials, title eight is clear. anyone that harbors or attempts to harbor a concealed person in the country illegally commits a felony under federal law. and so in this instance where the judge did this, what's worse about this liz, this individual was operating under three false identifications. which is identity fraud, which is a felony. but the judge was aware of this and then to know the person to be deported twice was operating under three different identifications and then let them, bring them downstairs and out the back door to scale the fence to get away, is completely outrageous and to think a judge would do this. completely sort of undermines the confidence people have in the justice system. >> if it is true they should throw the book at her. thank you and thank you for
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your service. >> made a jampacked hour. thank you for having us in your home and thank you for watching. lou dobbs is next right here on fox business news network. have a good night. >> good evening everybody, our top stories. the body of president george hw bush is in texas where it will lie in repose throughout the evening until the funeral tomorrow morning. earlier today, a state funeral was held at the national cathedral in washington peer president trump and the first lady joined other living past presidents to pay their respects to the 41st. a historian joins us tonight, with his perspective on mr. bush's compass rose more. also chinese commonest


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