tv Cavuto Coast to Coast FOX Business September 23, 2019 12:00pm-2:00pm EDT
camedown overnight. stuart: if this happened attack on saudi arabia i keep saying throughout the show, 10 years ago, five years ago, you would be looking at five dollars gas or more. regretly our time is up. david asman. thank you very much for sitting in for me. >> my pleasure. you have a great crew as well. thank you very much, stuart. david: is iran planning a new strike? a new warning coming up. apple getting a win on tariffs. u.s. gets a win with apple. is this made in the usa push just beginning? a busy two hours starting right now.
david: welcome to "cavuto: coast to coast" i'm david asman in for neil cavuto. president hitting back over criticism after phone call with the ukrainian president and a democratic impeachment push. blake burman is at the white house with the very latest. reporter: the president arrived at the united nations about an hour early. he will be there for three days of meetings to talk to a dozen world leaders to give a big speech tomorrow. as he was arrived this morning he was asked about the phone call earlier this summer with a newly-elected ukrainian leader volodymyr zelensky. he acknowledged on the phone call he did indeed talk about joe biden. the president also saying the conversations on the call were appropriate and that biden shoulding investigated in his view. the president feels that biden's son hunter benefited from business dealings in ukraine and
china. because of his father's position then as vice president. >> phone call with the president of ukraine. everybody knows it. it is just a democrat witch-hunt. here we go again. they failed with russia. they failed with -- they failed with everything. now they're bringing this up. the one who has the problem is biden. when you look what biden did. biden did what they would like for me to do, except one problem i didn't do it. what biden did is a disgrace. what his son did is a disgrace. reporter: democrats are focusing on the trump-zelensky call and the whistle-blower complain that brought it to light. they want the complaint given to congress. they question the president whether the president was using his position to potentially harm a political opponent. in a letter to mitch mcconnell today, senate minority leader chuck schumer called for investigation, writing writing s whistle-blower complaint urged
by not by democrats but senior level appoint aye. it is senate's duty to take the national security matter seriously and to take action now. speaking of ukraine and its leader selenski, david, president trump will meet with the ukrainian leader on the sidelines of the u.n. on wednesday. one person president trump is not set ruled to meet with at this point? iranian leader hassan rouhani. there was a question whether the two would meet. not on the schedule. never expected to happen. david: gridlock, gridlock, us new yorkers hate this week. it's a busy week. we'll cover it all. blake, thank you very much. president trump is not taking impeachment talk seriously. to "washington examiner" editor-in-chief hugo gerden whether the impeachment push is distracting from more important agenda items. huge foe just when we were making progress on usmca, in fact "the washington post" suggesting we could get a deal
done before thanksgiving, you have this come in, looks like we'll get it stalled again? >> you know i think one has to recognize that impeachment talk and talk that is designed to undermine the president has actually been the background noise and often the foreground noise of the entire presidency. it has been a distraction for the president but at the same time he has continued to work. i mean there have been all sorts of measures that have been taken. tax cuts for example, and he has had talks with north korea. so government goes on whether or not there are, no matter what the resistance and the democrats are doing. so you know, he will continue. i don't know that this will be a distraction from the trade deal but it would be a good idea if that got signed and sealed and delivered. david: talk about how it hits biden. the president says there was no quid pro quo in his conversation with the ukrainian president, however, when joe biden was vice president he was talking to the ukrainians he bragged about
how he was able, using a kind of quid pro quo mechanism to get the prosecutor that was looking into a company that his son was involved in to pull back. in fact they changed prosecutors and the one that followed him didn't pursue at all. so if there is any quid pro quo on ukraine it seems like it hits biden harder than it hits trump? >> it is fairly typical biden thing where he is out boasting. there is video which lots have people now seen. he is sitting on stage and actually boasting about the fact that he predicated a billion dollars worth of aid to ukraine on the basis of there being, of the prosecutor being sacked. he said some big noise kind of thing, i told them i'm leaving here in six hours you know, you're not going to get the billion dollars unless the guy is sacked. sure enough the fellow was sacked. now one of the points that is made a lot of people are looking for that prosecutor to be sacked
not because he was going after hunter biden, because he was not prosecuting corruption sufficiently but hunter biden's business dealings with the ukraine and china are legitimate questions. biden can be, you know on the trail telling reporters they're asking the wrong question. it is up to reporters to decide what the questions are. up to them and congress to be looking into these kinds of things. david: by the way it is not just ukraine. there are also questions about china whether or not president's son visiting china with him sealed some deals of his own with china after, after visiting with the vice president. it was, there was a pattern of behavior here that is disturbing, no? >> yeah. certainly, i'm not, it is certainly worth looking into. i mean, in ukraine, just for example, hunter biden got the directorship of this company shortly after vice president biden was put in charge of relations with ukraine and pressing ukraine on various different matters. obviously the china stuff is
even bigger money. that needs to be looked into as well. one of the things i don't want to do is what a lot of people are now doing, jumping the gun before the evidence is all out. i don't know whether there is something wrong here. david: hugo, it is interesting to see the dance with the mainstream media, there was no evidence. yesterday i was watching sunday talk shows. chuck todd saying there were no takers on this story. there were plenty of takers on the story beginning in may with the "new york times" story. abc had a story of their own. "washington post" had a story. "the new yorker" had a story. there has been a lot of evidence come out. i don't know whether it has been verified. i imagine we need an investigation to find out as you said but still the media is trying to backtrack this and suggest that there were no stories when in fact there were plenty of them. >> absolutely there is. it is an extraordinary thing the russia collusion hoax falls apart and people made amazing number of huge mistakes,
egregious in that jumping the gun. they seemed not to have learned their lesson at all. another ironic thing the phone call with the president of ukraine appears to taken place on the day after robert mueller exonerated president trump on collusion. it is constant and consistent. david: hugo, "washington examiner" editor-in-chief. great to see you. >> thank you very much, david. david: iran releasing the united kingdom tanker while president trump says we'll see possibly meeting with rouhani. yemen rebels are warning of another oil strike soon. jerry boykin who says future actions against iran must be supported by other nations. >> thank you, david. david: perhaps the united states, with the president himself, releasing some classified information that show iranian fingerprints all over the attack on saudi arabia.
do you think that will be done this week? >> i don't know. it is hard to say. depends on exactly what that intelligence is. it is sources and methods issue. that is one of the first responsibilities of the intelligence community is to protect sources and methods so i'm not sure whether it will be released or not. david: how do we teach them a lesson? we saw a ratcheting up of the economic sanctions, a big ratcheting up i should say by the sanctions on the central bank. that essentially clogs up their entire financial system but should we be doing more? >> yeah. look the question is where do we go from here? i think we've exhausted the sanctions option. i think deployment of troops over to the middle east is a good idea but where do we go from here? what if they do take another tanker or set mines out in the persian gulf there or the -- david: excuse me general.
let me stop you. the president is leaving the u.n. >> all countries should get together to do that, they should do it for themselves. [reporters shouting questions] reporter: [inaudible]. david: sorry to interfere but, for commander-in-chief we have to make an exception. you were saying in terms, in terms of teaching them a lesson you do think we have to go beyond sanctions? >> we have to go beyond sanctions. where do we go from here? it has to be part of part of a coalition. i think that is what the president is doing now. he will work hard to bring together a coalition. the saudis will be in the lead in terms of military strikes. we have to get the saudis engaged. so i think, military strikes are the next option. there is not much left. david: where would we strike?
>> i think we would strike a number of things. i think we would strike targets that are both economic, read that oil fields, refineries, processing plants, military targets or probably both. the military targets should be directed primary at the irgc, iranian revolutionary guard corps. that is the strongest military capabilities they have in the irgc. by the way the any economic target hurts the irgc because they are huge holders of industrial monies and businesses there. david: general, we have to run. i'm getting a wrap in my ear but you mentioned saudi arabia. what about is trail? john kerry yesterday said, when he was in the obama administration quote, we had an israeli minister come to d.c. to ask for permission to bomb iran. do you think they should in any way get involved? >> absolutely not. we do not want israel to run any
strikes against the iranians but you can bet that when those strikes are run by whoever one of the things that the iranians will do immediately they will retaliate by unleashing hezbollah as well as hamas, both of which they support and it will be directed at israel. david: general jerry boik kin, thanks for being here. >> good to be with you. david: apple pushing to make more products in united states after pushback from president trump. why this may be a win-win for apple and workers in the united states. by the way don't miss "bulls & bears." tonight at 5:00 p.m. eastern. for more on that and all of today's major headlines. that's coming up. ♪. you wouldn't accept an incomplete job from anyone else.
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david: apple announcing today it will manufacture its mac pro in texas as u.s. officials approve tariff exemptions for the tech company. wedbush managing director dan ives on whether this is proof that apple can weather the china storm. dan, seems like there is a working relationship developing between tim cook and the president, no? >> cook has become almost a pseudo ambassador if you look how many times he has been down on k street, pennsylvania avenue. i think it speaks to apple is the poster-child for the u.s.-china trade war and it is very important both from the demand and supply side they continue to navigate this. when he look at news today, major feather in the cap for cook and cupertino. david: in july, it was july when the president tweeted out, you know, hey, apple, you better make the mac pro here in the united states instead of in china or you will face sanctions
that was a direct threat tim cook answered with today's announcement, right? >> that was a shot across the bow from the trump administration. i think, you need to see look and apple play nice in the sandbox. this is really the drum roll to september 15th. those are the key tariffs that could really be the gut punch to apple. i think investors will read the tea leaves here, think there could be more exemptions coming down if those tariffs don't ultimately get lifted this is something from an investor perspective, a big relief, this has been a dark cloud over apple's head. david: at what point is tim cook going to have to say stop, we can't outsource, we can't bring back some of these manufacturing that we're doing overseas, particularly in china? >> i think right now they have essentially bet the farm in china, in terms of iphone production, foxconn. we think best case they can move
five to 10% production to a vietnam, to india. that would ultimately take 18 months. i think right here they have to kind of, they can't jump into the deep end of the pool. they need to really navigate it. for iphone that continues to be the core echo system in china. i view this as a step in the right direction. i also think, this is a bit of a shot across the bow to china from apple. showing if we want to, we can move production into the u.s. iphone is a whole different animal. david: on a macrobasis looking at the thing from a 30,000-foot altitude, when you see the president of the united states micromanaging the business of the biggest company in america, what do you think about that? does anything about that bother you? >> this is a tricky situation especially for apple. apple, could, if they want to, they could defy and not listen to the noise but you're talking
about a company right now that china is a massive overhang from their perspective. so i think that is why cook has been very bro active on the china -- proactive on the china front. this is one of the big companies that have been able to penetrate china. become more of a poster-child. many looking at cook, how they navigate this. but i do view this as a step in the right direction. right now, take a step back. this is a game of high-stakes poker. i think apple showed their cards today. david: dan, thank you very much. good perspective on everything. >> thank you. david: elizabeth warren climbing in the polls, threatening higher taxes on the rich and a total reorganization of capitalism itself in america. steve forbes whether big money is starting to worry. just another reminder of the value you'll find at fidelity.
poll. these numbers before joe biden faced those ukraine questions. she is rising media chairman steve forbes says businesses should be worrying. now of course there were stories, steve, about biden and the ukraine going back to may coming out in "the washington post," a number of different stories, "the new yorker," "new york times," etc. could this boomerang? the focus is on trump the past couple days but could it boomerang on biden and help liz warren even more than what iowa poll showed? >> it wounds biden. we'll see how much the media really pursues this but the rumors are rife there is little fire behind the smoke and will try to focus it on trump but this focuses elizabeth warren has to be taken seriously. bernie sanders has not caught fire. senator marries has not distinguished herself. she has hurt herself.
so far biden has done very well in the latino community and the african-american community. that is why he still has formidable lead in overall polls. iowa can go one way, south carolina, even california can go another way. california has an early primary this time. david: it is hard for business folks, even democrat business folks to take some of elizabeth warren's economic policies seriously but they will have to if she could be the nominee. that is total restructuring, she would like a total restructuring of capitalist system with a corporate restructure, right? >> when someone like her with a background she says she is capitalist, that is exactly what she has in mind. david: she wants to take capital out of capitalism. >> she realizes socialists tried to take everything out. you can control the companies through excessive regulation whether they live or die. that is how you have control over the economy. these ideas having corporate charters on the federal level, higher taxation and the like.
with regulations you can do it through the agencies without going through congress. even if republicans control congress, she can do immense harm with the amount of regulatory structure we have today. david: then she has her multitrillion, to all the democrat nominees have their multitrillion dollar spending programs, whether green plan or "medicare for all" or whatever? >> the thing is if they get only pat of it through, it is a huge step in the wrong direction. it puts us back to where we were in 2008. we have stagnation and excess taxes and regulations of the 1970s. we don't seem to learn. people have forgotten. david: steve, it is much more than that. if you look at "medicare for all" alone it would double the budget, essentially double the united states budget t would take trillions out of the private sector and we know how the government manage things? >> would you rather have jeff bezos or elizabeth warren managing your money? case closed n terms of health care republicans have to do, not just talk about costs.
they should mean this will mean less health care for you, less choice for you. government running it, no choice is that what you want? people say no. you can bring up the cost. david: a different type of tax she wants to implement. it is called a wealth tax. i would call it a confiscation tax. this is a tax on your own property that you have already paid taxes on. it would take away 2% of that a year. >> it is a form like china over the economy. it would if i have expanded irs as an excuse, look at everything you buy, everything you sell. look at your assets make sure you don't own something that would put you in the wealth category each year. we know what that will mean. it is about political control, socialism without calling it socialism. david: more taxes on trades, on market trades. we should emphasize that 75% of elderly folks have some kind of savings in stock, whether it is
in their 401(k) or whatever it is. this is really an attack on hard-working people. not multimillionaires, the super-rich, but people who have been very good at saving their income in a whole lifetime. working hard at it, to keep it for their retirement, to pass it on to their kids. they will suffer most at this. >> politicians cannot resist the temptation of raiding any pot of wealth they see out there. 401(k)s are ripe for it. literally trillions of dollars. they say we only go after the rich 401(k)s. you know where that ultimately leads. they will pick your pockets. they could even undo the roth iras where you thought you would get the money tax-free, putting after tax money contributions. they could violate that. obama sort of floated some of those ideas but elizabeth warren you know they will go full bore. david: steve forbes, great to see you, steve, even if it is scary information you have to offer. >> a warning. david: facebook competitor snapchat is calling out facebook
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the company over antitrust concerns. startups of apps are detailing a list of grievances of the social media giant and ratting out facebook's hard ball tactics. "wall street journal" reports one of those dish something snapchat. snap's legal team gave the fcc dirty details documented in a project voldemort, the villain in "harry potter." they showed files showing facebook's aggressive moves, discouraging people on instagram talking about snapchat on their platform and preventing snapchat content from trending. mark zuckerberg presented to scenarios to the snapchat founder spiegel offering to buy his startup. take the buyout offer or two, deal with them dropping snapchat's features into their own platform which eventually happened with instagram stories.
these details back up concerns wave heard from lawmakers here on capitol hill that think facebook is using hyper aggressive tactics to squash the competition sparking a lot of antitrust concerns, facebook faces antitrust probes here on capitol hill from the house judiciary committee who also requested email from executives that discuss the competition including snapchat. david? david: not to mention all the privacy laws they're threatening too. hillary, thank you very much. charlie gasparino with breaking news on a bipartisan consensus forming regulating big tech. i think this is more important than "the wall street journal" story. i'm just saying. i want to get him started again go ahead, charlie. >> i'm not going to say it. i loved the report. one great line in there was good writing, dirty details documented in a dossier. david: you like alliteration. >> good job, that was really nice. something like a ac/dc song,
dirt di deeds done dirt cheap. david: to the story here. >> there is bipartisan consensus, investors all you have to do is look at the stock chart of facebook, google, amazon, apple. those are the main stocks in the cross-hairs of regulators, democrat in congress, they're all, even today. david: facebook doing extraordinarily well over the past year. >> i don't think people understand what is coming at them. lydia moynihan my producer and i have been spending the last couple days, speaking with wall street guys plugged in with democrats on the hill, we're trying to figure out what is coming in terms of regulations. plugged in with democratic candidates for president, plugged in with the trump administration, particularly the doj, the ftc which are taking the lead in the investigation. what you have is a massive bipartisan crackdown. think of some of these things. here is from some of the presidential candidates. elizabeth warren wants to break up companies. google would be the in cross-hairs if elected president. obviously congress.
if dems control congress, if you run the gamut -- david: google is at top of everything's list the republican and democrat. >> amy klobuchar talking about an idea merging companies to show that they're procompetitive. not that the doj antitrust has to go out there to say we're trying to prove you're anti-competitive. david: almost like you're guilty until proven innocent. >> it is. representative david cicilline from rhode island leading the house efforts on this. his investigation is sweeping from what i understand. he is doing it. he is very active. he is looking at privacy, antitrust, national security and tax avoidance. all those issues are fertile ground. how much taxes did amazon pay last year? david: not much. >> not much. they make a lot of money. not much. they got them on this. you know why the democrats are united breaking up, no doubt about that, democrats the run the field. they will break up google and facebook are getting broken up. that is it, if elizabeth warren wins, even joe biden wins,
democrats control both houses of congress they get broken up. if trump wins or republicans keep the senate it will be a little different but it appears, makan delrahim, ahead of antitrust decision, policymakers in the white house are in agreement on many issues the democrats see problematic. exempt for one thing. the one part, republicans are more hesitant to break them up. they will not let them get bigger but -- david: what about the privacy laws? are we looking at a future of european style privacy laws for these companies? >> it is possible. both the white house and democrats believe, there is issue of regulatory competition to one up each other, it resonates with middle class people, that their privacy is, that google sells their gmail, like your gmail is being sold, some of the contents of apparently by google. do you know that? david: i know that tim cook knows that. he has been telling people.
>> alexa apparently, which i love because, i go working out i want to know what the weather is like outside. david: seriously you use alexa. >> by the way alexa spies on you. david: of course they do. i woke up once in a friend's house to my alexa talking to me. apparently i said something in my sleep. >> you want to hear something weird? i did a story about jeffrey epstein's shoes. he had crazy shoes, a screw and a u on slippers. david: quickly. >> i look it up, right. i google it, i find where it is being sold. i get bombarded with targeted ads on the same slippers. david: holy cow. clearly there is a connection, no doubt about it. >> but people, apparently, all the politicians agree this resonates. there is a lot of money at stake. i'm telling you, talking tens of billions of market cap. david: a lot of regulations coming. charlie gasparino, good to see you very much. the vaping industry facing
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david: illinois lawmakers the latest to consider flavored vaping bans, ahead of congressional hearings tomorrow about the dangers of vaping. "the liberty file" host on "fox nation," judge andrew napolitano whether or not the end is near for e-cigarettes. to which i would ask, judge, if you're going to ban e-cigarettes you have to ban tobacco, right? >> you're right. tobacco causes 200,000 death as year. the e-cigs where there is little scanty documentation or proof shows about seven or eight deaths. they will never ban tobacco because of the tax revenue. david: the money. >> 55 billion in local state, tax revenue. this is the nanny state gone amok. they will ban flavored e-cigs as
long as it is popular to ban something. you have to demonstrate it is scientifically harmful, not that you don't like it or it will be hurtful. the legislature cannot make a lawful product to something unlawful without a demonstration. david: let me play devil's advocate. you say it is harmful to teenagers if they don't know, they're attracted to the various flavors they have, captain crunch, which is one of the name of the flavors that they had, if they get used to smoking this, they can get addicted to nicotine. isn't that harmful? >> so the state should protect teenagers from themselves rather than their parents? that is basically what this is, the growing nanny state. you are correct, it is harmful. you are correct, and these companies are not believable when they say they're not seducing children. to call it cotton candy or captain crunch is obviously appealing, almost to preteens with that advertising. david: didn't they have some success years ago, decades ago
in curbing some of the ads, tobacco ads that did seem to appeal to the younger people? >> fda regulate tobacco ads. it does not yet regulate vaping ads. it may well regulate vaping ads to remove the appeals to children. i'm not in favor of this kind of nanny state regulation and health, safety, wealth fair, morality under the constitution is reserved to the states. governor cuomo wants to ban it in new york because it is harmful to children. he has the constitutional authority to do that. president trump does not. david: let me switch to the ukraine stuff that has taken a lot of oxygen out of the room recently. who is in more trouble here, the president who had this phone call with the ukrainian leader or joe biden who actually did have a quid pro quo with regard to ukraine when he was vice president? >> that depends who you ask. david: i'm asking the judge. >> i think the, this is the most serious charge against the president, far more serious than
what bob mueller dug or dragged up against him. if there was a quid pro quo. it does appear as though a quarter of a billion dollars in defensive weaponry was held back for a period of time while these eight conversations were going on between the president -- david: even though there was nothing said, according to "the wall street journal," quoting a couple sources they have that were apparently privy to this phone conversation, they said there was no specific quid pro quo? >> so if you are the president of the united states and making a covers that you know your intelligence community is listening to, of course you're not going to articulate a quid pro quo. you just make the quid pro quo happen. david: but if you were a vice president of the united states and you were visiting with the president of ukraine and you say look, this prosecutor is going after a number of companies and you don't tell them by the way one of those companies happens to have your son on it as a board member, and then say, you got to
get rid of this prosecutor, less than 24 hours later the prosecutor is gone, the investigation of the company to which biden's son is on the board, that goes away, that sounds like a direct quid pro quo? >> this is probably the end of joe biden's presidency. david: wow. >> it ought to be the end of his dream for the presidency, but doesn't dim finish one iota current president is doing, if it is true, we haven't seen the whistle-blower complaint under the law if this is true this is ability of corruption. david: i don't want to bury the lead here? this means the end of joe biden -- >> those tapes of him, you and i hadn't seen this before. you and i watch this stuff for a living. he was boasting about his ability to get rid of the prosecutor. i don't know how he survives it. david: judge andrew napolitano. great to see you my friend. climate change protests shutting down d.c. commutes but our next guest wants to shut
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♪ david: i love the new logo. kristina on campus. after graduation students are pushing to get free room and board, not just them, with their parents? christina part take as closer look at -- kristina partsineveloss takes a look at 20-somethings leaving campus and coming home. >> you're a dad. david: i'm a dad. >> many reasons why you see this trend amongst millenials. a ugov survey saying millens ya'll, they interviewed 1200 people above the page 18, millenials are the loneliest among all of them.
student debt 1.2 trillion across the nation. expected to climb to 2 trillion. credit card debt, according to northwestern mutual, the young generation is holding $20,000 credit card debt separate from the student debt. maybe some of them want to stay home a little longer. i went to columbia university, would they be willing to pay rent or why aren't they paying rent to their parents? listen to what they had to say. ♪ >> do you think a lot of the younger generation is living in the home past 30 staying in their mom's basement? >> i recognize that trend, yeah, that is true, but if it is allowed by the parents why should it not be allowed? >> my generation is having the most difficult time actually affording living. >> how do you feel about the younger generation staying home a lot longer and not paying their parent anything? >> i guess like guilt because i do that. i feel a little bit guilty, but at the same time, if my parents
asked me to pay rent i would be outraged. >> it is the parents right to decide whether that is something they want to do, if the parent says you have to pay up or get out, that is their right. >> i don't have a lot of savings. i don't think it is fair. it is actually more difficult than ever for people like 22 to live well on their own. >> you're admitting that the younger generation could be potentially more entitled yet you're not changing? >> no. i'm taking advantage of it. >> i think we work just as hard. i think we have less opportunities available. >> it's a little difficult to say i'm thousands of dollars in debt, let me pay $3,000 a month in rent. >> i'm not lazy but i don't really do, i guess like mainstream productive things. >> what is the mainstream productive things. >> like get a job. ♪ david: i like the honesty of that woman. >> a lot of them were very honest. this is the second installation we've done spoken to millenials.
the first was about socialism versus capitalism. that can be found on our website. seems like student debt, rising cost of tuition is a major issue. those that choose to live in cities like new york, a studio apartment sets you back $1600 in u.s. >> commuting every day, with a class 8:30 in the morning. david: those people say this is the most difficult time ever. we have more jobs than we have ever had in my entire lifetime. not to be personal about this, when i got out of college we had unemployment close to 10%, a huge unemployment rate. so i mean it is, there have been worse times but again -- >> isn't that like every generation? david: every generation. everybody thinks theirs is the toughest. my daughter is married. my son still in the marine corps. at least i settled things at home. >> good. they won't be in my video. david: thank you, kristina. climate protesters shutting down traffic all over d.c. this morning. former investment banker carol
roth says this is sending the wrong message to kids. why, carol? >> well i feel like these kids should be filled with gratitude and hope and optimism. it is the best time to be alive in history. we live in the greatest country in the world yet we have these kids walking around with anxiety and depression and why? because adults in their life are telling them that the world is going to end and they are going to die in anywhere from 18 months to 15 years. i'm sorry, when kids are developing, this is not the messaging they should be giving to them. there are ways to get this messaging across in positive manner. they can be great global citizens, without saying guess what, you're going to die? david: it's a little more simple in my mind, that you're supposed to be preparing in terms of your ability to write well, ability to do mathematical calculations they're failing on that front. most new york schools and other
schools and other big cities have come way down in their preparations standards for kids going off to college. yet they're spending time doing this? >> right. they're not strong enough financial literacy. they're not strong on logic, instead of taking a day off to scream and ray a sign, they would plant trees or work in the ocean or support wonderful green technologies that people like bill gates is investing in. if we did have the discipline of financial literacy and logic these kids would be more prepared. i'm concerned about the anxiety from the messaging we're getting when we could be addressing the same thing in a much more positive manner that actually has a solution involved. david: by the way history and economics wouldn't be bad either. at least the basics. somebody like aoc coming out of college, you know, not knowing what socialism really means in the real world. but, the deal is, what they're
getting in school concerning climate science is really propaganda for the most part, is it not? >> yeah, i mean you mentioned the history. if they learned history they would know we've been hearing messages about the climate since the beginning of time. none of these have come true. in fact i have a little cousin who is 13 years old. he was talking about, they used a plastic bags the fact they were so bad. honey, when i was growing up we used to use paper bags but they told us we couldn't do that was bad for the trees. if you cut down trees we were bad people. his eyes got big like saucers. he couldn't believe he was hearing something different than the year before. that is the challenge. the messaging is always changing. it is never focused as propaganda and kids are used as political pawns. david: how many realize one fossil fuel has more to do with lowering carbon emissions in the
united states than anything else, right? that is natural gas. a switch to natural gas which is a fossil fuel has helped the environment enormously. >> absolutely. what about the whole discussion around nuclear energy? the reality is if you really want clean energy you would invest in nuclear. anytime you bring that up, that will kill you. okay. we'll die, you won't invest in it what is the solution. david: don't let the facts get in the way after good narrative. >> never. david: good to see you my friend. iran in focus at the united nations. president trump will speak with pakistan's prime minister. we'll take you there live as soon as it begins. that's why your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today.
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which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. they give us excellent customer otservice, every time.e. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. david: welcome back. i'm david asman in for neil cavuto. this hour, president trump meeting with the prime minister of pakistan amid new concerns and questions over ukraine overshadowing the agenda. apple's mac pro is going to
be made in texas. so is president trump's made in america push paying off? plus oare top democrat donos ready to bolt from biden? charlie gasparino reports on new signs of anxiety from the left. hour two starts right now. david: president trump set to meet with the head of pakistan this hour, as he kicks off a three-day united nations trip. iran, north korea, afghanistan, trade deals on the to-do list for talks but all democrats talking about right now is ukraine and the controversy thereof. president trump fiercely hitting back. listen. >> it was a perfect phone call with the president of ukraine. everybody knows it. it's just a democrat witch hunt. here we go again. they failed with russia, they failed with recession, they failed with everything and now they're bringing this up.
the one who's got the problem is biden. if you look at what biden did, biden did what they would like to have me do except there's one problem. i didn't do it. david: let's bring in our panel for the hour. former mitt romney campaign policy director lahnee chen, david burstein and political science professor jeanne zaino. jeanne, first to you. i'm wondering if democrats do face a boomerang because the more people look at what biden was doing with his son in the ukraine, it may be bad for trump but isn't it also bad for biden? >> it is, and i'll tell you, i think the real winner if there is any such thing out of this is going to be elizabeth warren, because she has been out on the campaign trail talking about corruption in american politics. that is the number one issue she talks about. everything else is sort of encapsulated by that. now here you have her number one rival who is accused of corruption, granted, there's no evidence that he was engaged in
corruption or his son was, but that is enough. it's very similar to what trump was able to do to hillary clinton in 2016 and by that tok token, you narrow the amount of people who want to support joe biden on the democratic side and if biden makes it through this gauntlet, he's a wounded campaigner against trump, which is what a president with his numbers as low as the president's are approval-wise, is what he wants. david: already he's made some missteps. just over the weekend he was talking to fox news's peter doocy responding to this issue. let's play the tape and get your reaction. >> not one single credible outlet has given any credibility to his assertion. not one single one. so i have no comment except the president should start to be president. david: well, first of all, he also said that he never talked to his son about any of this. by the way, this is president trump's meeting with the pakistani prime minister, is that right? yeah. as you can see, but david,
getting back to the biden tape, he was quoted or his son was quoted in the "new yorker" article over the summer saying, in fact, they did talk about it, at least once they talked about the ukraine meeting. so this is already blowing up in his face. >> i think it's an existential challenge for biden and his campaign. one of the things he's got to figure out is how to message around this very difficult issue, what is it he wants to say and the other candidates actually don't need to say a thing. elizabeth warren can just sit by and watch it all unfold, the same goes for pete buttigieg and cory booker and everyone else. for the biden campaign, the challenge really is what do you say about it and do you want to lengthen the news cycle, keep talking about this issue when you know it doesn't play well for you. david: he said no credible news organization reported on this. in fact, "new york times," "new yorker" magazine, "washington post," abc, they all reported it
extensively beginning back may. >> but also, we found that they haven't found evidence of wrongdoing and the president who is big on the we should look at reports and see the no collusion, there's no evidence of that. i think more importantly, all this is a distraction from the major issue here which is anything that biden may or may not have done with his son, again, there's no evidence he did, pales in comparison -- david: hold on. hold on. there's clear evidence that he was bragging about the evidence that he got the prosecutor dismissed. the prosecutor is looking into the company his son was on the board of. >> but that, any of that pales in comparison to the idea of a sitting president having a quid pro quo with the president of another foreign country, in exchange for prosecution and persecution of political allies. that is the textbook definition of what we are not in the united states of america and anything someone who was a former person did outside of office pales in contrast to that. david: isn't that what biden was doing when he was vice president
with the ukraine president? >> that's what the president wants to say. you're right, biden did brag about getting the prosecutor fired. we should be very clear, however, that most people in the world that were dealing with ukraine at the time had wanted this prosecutor to be removed. so yes, he was but he is -- politically, none of that matters. the president is -- it's hard to believe i'm saying this now a few days after this came out, he is moving into what for him is a winning track on this which is muddying the waters. all of the things you're talking about absolutely true, if the president is accused and found evidence of doing those, those are very very bad. but it doesn't matter for president trump at this point. david: these very shaky pictures that you are seeing now is from the united nations. that is the president of the united states, the prime minister of pakistan. let's listen in.
>> thank you very much. it's a great honor to be with my friend, the prime minister of pakistan. we have some great discussions going on with pakistan about a lot of things, including the taliban and afghanistan and many other things and trade i think might be one of the most important. we are going to increase trade with pakistan by a tremendous margin. we do a very small amount of trade with them but they want to do a larger, so do we, and we should be able to do that very easily. so we're going to double, triple, quadruple the trade. it will be very easy to do. they make great product and so do we. i was really shocked when i saw the original numbers from last year and the year before and for many years, that the trade with pakistan isn't much greater but it could be many times the number. so we'll be talking about trade and other things. and it's an honor to be with you. thank you very much. please. >> i look forward, mr.
>> if i can help, i would certainly do that. it will be dependent on both of these gentlemen. one without the other doesn't work. if you're going to do mediation or you're going to do an arbitration but certainly i would be willing to help if both want it, if both pakistan and india wanted me to do that, i am ready, willing and able. it's a complex issue, it's been going on for a long time, but if both wanted it, i would be ready to do it. reporter: [ inaudible ] u.n. resolutions and non-compliance -- >> this is the kind of reporter i like. i like this reporter. are you a member of this group?
know why? [ speaking simultaneously ] >> that's okay. very fair question. let me put that one down as a statement, if you don't mind. but you're right, you have to have -- you have to have two parties that want to agree and at some point, india may come. i have a very good relationship with prime minister modi. i have a very good relationship with prime minister khan and if at any time they say we have some points we think we can maybe iron out, i think i would be an extremely good arbitrator. i have done it before, believe it or not. i have never failed as an arbitrator. i have been asked to arbitrate disputes, pretty big ones, from friends and i have done it in a good successful fashion. if i can be of help, you know that, if i can be of help, let me know but you would have to have the assent also from the other side.
reporter: -- called for a new deal, new iran deal. this is the first time he's called for that. i wonder your reaction to it. >> i think that's why he's a winner. that's why he's a man that's going to be successful in the uk and i think that's great. you're talking about boris, right? reporter: yes, boris. >> boris is a man, number one, he's a friend of mine and number two, he's very smart, very tough, and he does want a new deal because the other deal was ready to expire. it had a very short number of years left. all that money paid and wasted. you didn't have the right to inspect the appropriate site. you would look at a site, it would never be used to create nuclear. the sites that they would use, we weren't allowed to inspect. what kind of a deal is that? and ballistic missiles, they are allowed to test ballistic missiles and other things. but one of the biggest things is the fact the agreement is going to expire in a very short number of years. what kind of a deal is that? we are dealing with countries.
you have to go long term. so i respect boris a lot and i am not at all surprised that he was the first one to come out and say that. reporter: [ inaudible ]. >> i'll agree with that. you have had a lot of dishonesty. they have treated pakistan very badly. people in my position have treated pakistan very badly. and i think that -- i would say pakistan hasn't treated us too well either but maybe there was a reason. in fact, i think there was a reason for it. reporter: you don't trust pakistan? >> i do trust pakistan but people before me didn't. they didn't know what they were doing. you know what i do? i trust this gentleman right here. i do trust pakistan. i have a lot of pakistani
friends living in new york. they're smart, great negotiators, by the way, in case you had any questions. they are among the toughest negotiators in the world. and you know what, it's all going to work out but if i can help, i'd like to help. i don't think you've ever had a president that felt the way i do in a positive way about pakistan. i don't think you have. i've looked back and i've seen where it was but i also have a very good relationship with india. i have a good relationship with both. so if they decide to use that feeling, among both, i think we can help out. this has been going on for a long time. reporter: [ inaudible ] or do you disagree with that? >> i really have been pointing much more to iran. i mean, iran, if you look at, that's been really the state of terror. i've been saying it's the number one state of terror in the
world. the agreement we had does not cover that. it was not doing well. it was doing very poorly. now iran is doing very poorly. iran is a different place than when i took over. when i took over the united states, when i became president, iran was a real threat to the entire middle east and maybe beyond and now they are having very very big difficulties to put it mildly so we'll see. reporter: are you happy with the progress pakistan has made [ inaudible ]? >> i've heard they've made great progress and under this leader, he's a great leader, i think he wants to make great progress because there's no solution the other way. the other way is only going to lead to death and chaos and poverty. that's all it's going to lead to. he understands it. the prime minister understands that. reporter: -- about kashmir? >> about which? reporter: kashmir. >> i would like to see everything work out. i want everybody to be treated well. you have two big countries and
they're warring countries and they have been fighting. i heard a very aggressive statement yesterday, i'd have to say that. i was there. i didn't know i was going to hear that statement said, but i was sitting there and heard a very aggressive statement yesterday from india, from the prime minister, and i will say it was very well-received within the rule, you know, within the room, the statement itself. that was a big room. there were 59,000 people. but it was a very aggressive statement. and i hope that they are going to be able to come together, india and pakistan, and do something that's really smart and good for both. and i'm sure -- there's always a solution. i really believe there's a solution. [ speaking simultaneously ] >> you've asked one already. go ahead. quickly. make a one-second statement. go ahead. reporter: on the issue of
kashmir, [ inaudible ]. >> i think i'll get a nobel prize. i think i'll get a nobel prize for a lot of things if they gave it out fairly, which they don't. they gave one to obama immediately upon his ascent to the presidency and he had no idea why he got it. you know what, it's the only thing i agreed with him on. come on. reporter: right now, human rights violations in kashmir, no nothing. what are you going to do for kashmiri people? >> where do you find reporters like this? david: all right. we just momentarily lost the feed from inside the u.n. it's coming back now, i think. can we go to it? all right.
we have robert charles with us, former assistant secretary of state under president bush 43. you know, we just had word there from the president that in fact, uk prime minister boris johnson suggested coming out with a new iran deal. what are your thoughts on that? >> i think objectively there are only three possible outcomes with iran. the first is diplomatic, where they give up their nuclear weapons program and we reintroduce them to the global marketplace and we support them and help them and i think the europeans would probably like that to happen, too. the second is that they continue to undertake rogue action, seize ships, blow things up, mine the persian gulf and the result there is either a kinetic or cyber response. the third possibility which would be acceptable to us but obviously not to them is that their population gets sick and tired of being sick and tired and says we're going to move forward and have some popular self-rule. i think at the end of the day, the british prime minister is correct, this is the right moment, it would be nice if all
the europeans flowed in behind president trump and said yes, let's put pressure on for a real nuclear deal where you get rid of their nuclear weapons. we cannot allow iran to have nuclear weapons, period. david: no, but i don't know if we can allow them to continue to rachet up these attacks, even if they don't directly involve u.s. military forces. they certainly involve the security of the middle east. >> well, it's a very straightforward algorithm. if they continue to take actions of this kind and choose against diplomacy which ultimately would make their world better, we will proportionately respond and at some point, i would not be surprised to see us take out their air defenses and take out key parts of their infrastructure. why? because ultimately they become a threat to the middle east at large. the reason we are putting sanctions on the iranian national bank is to close them out and get them to the negotiating table and frankly, the reason we are putting troops into probably a very minimal
number at the moment into saudi arabia is to create a tripwire so they know they are deterred from attacking saudi arabia. their options are narrowing. really, they can either choose peace or they can choose to be -- to confront a response to their malevolent behavior and i would just say diplomacy is the right answer. david: talk about what happened on friday. adding the central bank itself, the iranian central bank to the list of sanctions, does that -- i know sanctions can be -- you can always find ways around sanctions but if you are sanctioning the central bank, it makes it very difficult for any financial transaction, international transaction, to take place, doesn't it? >> yeah, it does. that's really closing off the last oxygen pipe for their ability to trade except on a black market. and i think it should encourage them to think in terms of negotiating. i also think the europeans need to stop thinking, you know, with their dollar signs and euro signs and start thinking about
security, because they are very proximate to this threat. if iran were to become nuclear it would be very serious for them. bottom line is iran in september tried to offer -- sorry, france in september tried to offer iran a $15 billion line of credit. we obviously said no, that's not going to happen. they in 2017, france did about $159 million worth of trade with iran. you got to start straightening up by thinking europe and say president trump is right, you do not enable appeasement, you do not enable bad actors. we have to be one team. david: robert charles, have to leave it there. great to see you. thank you very much for being here. well, apple making its new mac pro in texas now. this after fox got an exclusive look at apple's $250 million kentucky investment. is this the beginning of apple's made in america push? don't miss "bulls & bears" as we break down today's top headlines at 5:00 p.m. we'll be right back. at fidelity, we believe your money
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david: the st. louis fed's james bullard dissenting from a rate cut and just speaking on the state of the economy. edward lawrence has more. hi, edward. reporter: yeah, st. louis federal reserve president jim bullard speaking in illinois right now, saying that monetary policy may be too restrictive for the current environment. bullard dissented again the rate cut, saying he believes the federal reserve needed to cut 50 basis points at the last meeting. he says that downside risk to the economy may be sharper than expected. now, in his view, that risk could make it harder for the fed to reach their inflation objective. he's very concerned about the constant undershooting of the 2% target range by the federal reserve. now, the trade uncertainty plays heavily for bullard here. he expects the trade uncertainty to last quarters and years ahead. he finishes by acknowledging that monetary policy is more accommodative than it was last year. still, more needs to be done in
his mind. he's a voting member this time around of the fomc. david? david: good stuff, edward, thank you very much. you heard it first on fox business. apple pledging to make the mac pro in texas. two top tech analysts reacting on fox business earlier. >> i see this as a step in the right direction. i also think this is a bit of a shot across the bow to china from apple just showing look, we can move production into the u.s. although iphone is a whole different animal. >> apple is doing a wonderful job of navigating the political environment better than any other company and separately i think the probability that the iphone is going to have some sort of tariffs has declined measurably. david: to realclear market editor john tamney on whether or not this is the start of a made in america push by apple. what do you think of all this? >> i think it's kind of unfortunate. apple is a private company, can do whatever it wants, but let's ask the question if there
weren't all these tariffs being foisted on china that invariably weaken u.s. companies, would apple be doing something so backwards as to move manufacturing back here? the reason apple has done this so long, they design the products here, that's where the real value is, and leaves the low value work to overseas. i don't see how this is bullish for the u.s. economy that we are trying to retrieve the jobs of the past. david: isn't it bullish for the u.s. economy to have a bigger job market? clearly that gives more freedom, more leverage to workers to boost their own wages. >> if we wanted a better job market, let's just abolish the internet all together and abolish tractors and abolish cars. everyone would be working. now, we would be incredibly poor but we would be working. you get the feeling this is more an attempt to please washington from apple than it is an attempt to actually pursue profits because no reasonable company, we are the most dynamic economy in the world, the idea we benefit from bringing back jobs
of the past just isn't serious. david: i'm not talking about jobs of the past. clearly, there are modern jobs that are being increased as a result of our job market as well. the overall job market, do you think it's positively affected by the president micromanaging some of these companies or not? >> no, of course not. you know that to be true that of course it wouldn't help the economy. when central planning, you saw it up close with your travels to russia in the 20th century was a murderous disaster. any time politicians impose political ideas on the allocation of resources, on the running of companies, that's not good for the overall job market. what you and i know intimately is where people are free, where a government does the least short of protecting the freedom of individuals and for businesses to pursue what suits them best, that's what drives job creation, not presidents foisting their vision of what an economy should look like on companies. david: let me just mention one thing where i think free traders got it wrong, or at least
miscalculated. for years and decades, in fact, we used to say that as the economy of nations like china and russia became more free, so too with the political environment of those countries. clearly with the case of china, you have it becoming more dictatorial now even though their market has become more free market oriented. why is that? >> well, i think in a sense, look at what happens even in the u.s. as the economy grows, we have also seen washington grow. but to go to china and i think you have to ask the question overall, how dictatorial -- are the people dictated towards. is to visit china is to see a country that positively worships the u.s. you get off the plane, you see mcdonald's, burger king, sunglass hut, polo store, apple store. apple sells one-fifth of its iphones in china. there are 3400 starbucks on the way to 7,000. las vegas sands gets 63% of its profits from china. boeing sells a quarter of its
planes. the chinese -- david: gm sells more cars in china than u.s. >> without question. everywhere you look in china, is a buick. i think it needs to be stressed that while we hear about the enemy, the chinese people love the american people and they love their products. so any time we make it our goal to weaken china, as a rule, we are going to see the only closed economy is the world economy, we will weaken u.s. companies. >> i have a quick question. you mentioned, i agree with you, the real for apple is the design that's happening in the u.s. they are exporting these low wage manufacturing over to china. how will dlaes whatthat address issue, china's theft of intellectual property. if that's the issue, the design, the intellectual property, yet it's being stolen overseas, how does the government address that short of tariffs or one of these tracks president trump has gone down? >> i think we massively overstate it. if we are going to suddenly
start chasing after alleged i.p. miscreants, put henry ford and thomas edison in jail, certainly steve jobs, we have to drag them out of the grave, and go after bill gates, too. any dynamic business is defined by relentless copying and quote, stealing of intellectual property but let's be clear. it's not as easy as is assumed by the political class. think back to 2007 when the iphone came out. it was roundly criticized as something that would be a niche product. blackberry was going to clean its clock. i'm guessing based on that, the chinese were stealing blackberry's i.p. back then. how did that work out? even if you know what to steal and let's be clear, jeff bezos says just about everything i have tried fails. same with bill gates. even if you know what to steal, you must then be enough of a genius to realize what's going to be valuable in the future. that's incredibly hard to do. i think we very much overstate what's been the norm throughout commercial history. david: john, one of the best websites going, realclear
markets.com, you have to check it out every morning if you want to hear about economic policy, what makes markets move, what makes them fail, et cetera. great to see you. thank you very much for being here. appreciate it. uaw general motors standoff becoming one of the longest nationwide strikes for the company. why it could last even longer. was ahead of its time.
the stage and then there's the ukraine. to fox business's charlie gasparino with the scoop. >> yeah, david, this is the first time and i have been covering biden since the beginning, first time i actually hear sort of real concern out of bundlers, people who put together a lot of money from corporate donors and rich people for joe biden. what i'm hearing is there is a lot of anxiety as elizabeth warren gains in the polls and some of these bundlers are saying that big money is now starting to sort of reel back, not give as much money to biden. you won't see this in the current stats. candidates report donations on october 15th. you will see this later in the year, in january, but clearly, there's a pullback, a reticence among top donors to give to biden right now as he goes through a very difficult time. david: how does ukraine fit into it? >> well, you know, we have to see. just so you know, this occurrence came before this ukraine story started hitting.
it's basically warren's gain in the polls, she's surging, even the people very close to biden are very worried about this. she's almost i guess you could say she's now become the democratic party front-runner. they still think they can beat her one-on-one in a debate against -- frame it as leftism versus moderatism -- moderation, however you want to put it. still, they are concerned and here's where it gets interesting. the big money is starting to pull back from biden right now. again, you won't see it in the numbers that are coming out october. you will probably see it in the january numbers. amid all this, there's continued talk in democratic circles that bloomberg, mike bloomberg, former mayor of new york, head of the media -- massive media company, that he might get involved. i'm told by people close to the former mayor he has no current plans. it's interesting, they don't totally rule it out. they just say, you know, that's not where his head is right now. david: let me just ask if in
fact biden is out of the picture, if the ukraine thing and the lack of money, the money thing drying up, if he's out and liz warren is the number one prospect for the nomination, would then michael bloomberg get in as the moderate? >> you know, i think that's why they're not ruling it out. when i go to bloomberg's people, they're not saying never. you know what i'm saying? mayor mike is an energetic guy but he's up there in years. i believe he's in his mid 70s. biden's age has been called into question because he's, what, he's 75 himself or 76. you know, so just remember, there's other issues. does he want to put himself through this. he obviously has the money to completely self-finance a run. he's worth many billions and what will be interesting about mike bloomberg, it's not an illiquid billion like maybe president trump. this guy's got treasury bonds laying around in the multiple billions. he's very successful, very wealthy.
but his people are saying his head is not there right now. it will be interesting to see what happens inside the democratic party if elizabeth warren gets in the race. you know, elizabeth warren is running as a progressive now. she has not always been so progressive. who knows where she moderates herself. >> i think the question is let's assume for a minute that the bundlers really are nervous about biden. >> they are. they are. they are. >> what's the alternative? are we seeing -- aside from this bloomberg talk, is there interest in a mayor pete? is there interest in cory booker? is there interest in kamala harris? what's the alternative to biden? where's the money going if it's not going to biden? >> well, now, we should point out not that it's not going to biden, it's being held back. we don't know where that money is going to be put other than, you know, it's not going to biden. by the way, biden was the guy that got a lot of corporate donors, big-time wall street guys. who would fill that void?
my guess, it will be a combination of kamala harris and mayor pete buttigieg and maybe cory booker, although cory booker has essentially signaled that he's out if he doesn't raise $1 billion. maybe this is the impetus to help him raise a billion. a lot of those candidates have run not that far to the right. these are all like sort of gradations here. they aren't that less progressive than elizabeth warren. the only moderate that has really run so far has been biden. so it's a conundrum. it's not an easy -- it's not easy to say where they're going. i can just tell you these are the type of people, they're rich, they got a lot of money, they don't throw good money after bad. they are really worried about biden's future right now. this is an existential question over his nomination. >> that's certainly true but charlie, i'm curious how nervous warren makes these people, because i have actually heard from some of these folks who i
talk to, you know, some interest in saying it wouldn't be that bad. how nervous does warren make these people you are talking to? >> well, it depends, you know, on who. again, i wrote a column two weeks ago in the "new york post" that basically said the banks didn't think it would survive a warren presidency and they describe the reason why. jpmorgan, the stock goes higher, there's all these sort of pollyanna views of it. you know, it depends on how she runs as a general -- in the general election. does she run as the pure progressive she's running now or does she go back to some iteration what she was before she became known as, you know, this sort of class warrior. in the past, apparently, she wasn't that leftist. and that remains to be seen. now, she clearly has plans on breaking up tech. the democratic party itself, if it runs the gamut, will break up tech. there is no doubt about that, if it controls the white house and
congress. google is going to be broken up. david: charlie, they want me to correct something you said cory booker has to raise a billion dollars. you meant a million dollars, right? >> yes, i'm sorry. you know, i cover wall street, we talk in billions, not millions. david: charlie gasparino, great stuff. thank you very much. >> thanks for ecorrecting that. david: we talked about ceos out of work. the trouble that building as a company tries to save its ipo. we will be talking about wework coming up. what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price.
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hi, jackie. jackie: good afternoon, david. that's right. this was part of the first lady's be best initiative. as you said, she was surrounded by children from the united nations international school there. stephanie grisham, white house communications director, was on with maria bartiromo this morning and said quote, kitds ae going to get a tour and learn about the great economy under president trump. this as the u.n. general assembly kicks off. the president obviously in town for that. meantime, i want to draw your attention to wework, because this has been a company everybody has been looking at expecting that ipo. it is not going to be taking place as planned. it looks like ceo adam newman is being pushed by directors to step down from his ceo position. this after there were reports in the "wall street journal" that he had eccentric behavior, possible drug use by newman as well and it was a big reason that investors weren't getting behind the ipo, because of his leadership and also because he had too much control power at the company.
so the board is going to meet this week, the "journal" is reporting there may be a proposal that makes him a non-executive chairman. we'll see if that's something that would work for him. and we'll see if they can move forward with the ipo. david: that was a fast-moving piece in the "wall street journal." quite a character. day eight of the uaw walkout against gm. it's now marking the longest nationwide strike at gm since 1970. grady trimble on whether or not the two sides are any closer to reaching a deal. what do you think? reporter: we have to wait and see. the talks continue behind closed doors. you mentioned that strike in 1970. that one lasted a couple of months. this one now stretching into its second week and it's becoming more and more political. in fact, the picket line has almost become a mandatory campaign stop for 2020 hopefuls on the democratic side. senator elizabeth warren visited picketers here in detroit over the weekend. one of the things she brought up
is gm's billions of dollars in profits in recent years. she thinks workers should get a bigger cut of that. meanwhile, in kansas city over the weekend, former president joe biden visited the picket line there. he brought up the 2008 bailout and said gm's uaw workers are the reason the company came back and became profitable since then. both candidates encouraged the picketers to keep it up. >> this is simply wrong. i know it's easy for me to stand up here and say keep at it because i'm not making the sacrifice you're making. i'm not in the position where i am out here and i am losing wages and i only have about 250 bucks to get me by. i'm not in that position. but i tell you, the american people, we owe you. >> everybody deserves a living wage in this country. when unions win, all american workers win. let's be clear. unions built america's middle
class and unions will rebuild america's middle class. reporter: gm's stock down quite a bit today as a result of this strike. you hear all the support from people out here driving by, honking. there's support for these picketers. gm stock down overall since last week when the strike started. other companies starting to be affected as well because they, for example, supply parts to general motors and the plants have been idle. the talks are ongoing just a few miles away from here in downtown detroit. no major moves that we have heard of since over the weekend but we will keep you posted if we hear anything else. david: thank you very much. good stuff. president trump joining other world leaders, trying to tackle climate concerns but is the u.s. facing bigger threats? ♪
-- clean air and clean water and all countries should get together and do that and they should do it for themselves. david: climate change taking center stage at the u.n. general assembly today. other nations are pushing for some kind of change but does the u.s. have bigger worries? back with the panel. lanhee, there are greater concerns in my mind right now. sort of these existential concerns like what happens if iran gets a nuclear bomb. doesn't that take precedence over climate change? >> yeah, i feel that way but i think everyone's got a different prioritization of issues. i think the challenge is there's so much media attention being paid to the climate change issue, you have all sorts of different marches and protests and things going on. undoubtedly it is an important question but what is u.s. policy response? that's really the broader question. is it really elimination of all fossil fuels as some democrats have proposed? is it really kind of dramatically and quickly
shifting our economy? if you think about the green new deal, is it spending hundreds of billions, if not trillions of dollars, on sort of new technology and essentially what is fiscal stimulus part two to build up these technologies? that's the question. david: what happens, so many of the democrat nominees have pledged trillions of dollars for climate change plan, a green new deal, if you will. the biggest one, aoc's was over $90 trillion by one estimate. bernie sanders is $16 trillion. even joe biden, though, has said he's for elimination of fossil fuels during his administration. clearly he's not going to win the majority of support of americans with that policy. >> look, i think the spirit here, the broad stroke of this is that we have moved from where al gore, who in a lot of ways started the dialogue on this issue now over 20 years ago about this, we have now moved to a place where people understand the response to this needs to be pretty dramatic. that's why you are seeing candidates come out with dramatic proposals. young people around the country, their parents are really
starting to understand that because they are the people who are going to suffer the implications. we on this panel may all be gone -- >> speak for yourself. thanks a lot. >> but i say the impact could be 40 years away, could be 50 years away, right? but the longer we delay -- david: you have these democrat potentials out there, these candidates saying you know, we only got 12 years before it's the end of the world. >> yeah. you know, i think the real issue for democrats here is a political one at this point. this is going to be a very close election, probably fought in the rest be rust belt like 2016 and this is where they have to be very careful. if they make these huge sweeping promises and proposals, not only from the campaign perspective, but if there is a republican senate, how are they going to get those things done? david: from a jobs perspective, there are 6.1 million fossil fuel jobs in this country.
know how many solar energy jobs? less than 300,000. you have 6.1 million jobs versus less than 300,000. obviously, the workers in america care more because their lives are invested in fossil fuels. >> to jeanne's point, if there is a political conversation in states like pennsylvania, ohio, wisconsin, michigan, and a lot of those jobs are tied to or somehow dependent on fossil fuels, you are going to have a very difficult time as a democratic candidate. say elizabeth warren, how is she going to walk back what she's said about fossil fuels? david: how does the nominee turn to the center after the nomination, the democratic nominee? >> the green new deal is a jobs program, right? david: you are -- [ speaking simultaneously ] >> it won't bankrupt the united states. [ speaking simultaneously ] >> i think everyone knows the plan discussed today would pass and the people who put it forward said they intended to start a conversation. when you are talking about solar
energy, if you can move people who are doing fossil fuel jobs to solar energy, if we -- david: we tried it and it didn't work. >> it didn't work. i get having a conversation, but you have to have a serious proposal that can pass congress and be -- david: like what? what kind of proposal would be more moderate? >> these are slow transition movements. if you are talking 300,000 jobs, you have to transition those slowly. the government has to be involved in training, it has to be involved in education, it has to be involved in moving the conversation. that's why the green new deal has struck so many even moderate democrats as an outlandish idea. david: we did see during the obama administration attempts at windmill production, et cetera. a lot of those jobs estimates were totally overblown. joe biden himself went out on that recovery summer in 2010, made these estimates about jobs that never appeared. >> this idea you can use fiscal policy and somehow pump a lot
more money into creating new sectors which don't exist now. there's no question we ought to finance innovation. there's also no question we ought to be thinking about ways of doing this. but $90 trillion, come on? david: great stuff. thank you very much. what to expect from the rest of president trump's meetings with leaders today as he's set to address the u.n. general assembly tomorrow morning. but there's a lot happening today. we'll be right back with some more. their medicare options...ere people go to learn about before they're on medicare.
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problem as you might think it is. our panel will chime in with their own decisions a lot happening at u.n. the president is there. tomorrow his speech before the general assembly. today there are a lot of meetings. charles payne is here to guide you through that and a whole lot of other stuff this hour. charles? charles: look forward to ken fisher. he is one of the best, without a doubt. i'm charles payne this is "making money," breaking right now the market looks calm. there is growing anxiety beneath the surface. if major indices don't break out soon, we may have to give up big gains to try again. could wheeling and dealing by president trump at u.n. be what the doctor ordered? they want to take on vaping but gop insiders say a ban will send the president's 2020 hopes up in smoke. our panel debates whether or not e-cigarettes will be a hot button election issue. thomas cook goes bel