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tv   Bulls Bears  FOX News  June 25, 2016 7:00am-7:31am PDT

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funnel cake. >> see you tomorrow here on "fox and friends" zblempb see you then. >> always a party on "fox and friends." bye. >> it is. >> we're going talk more about cars. >> yeah more cars. ♪ the dow taking a drubing, as britain dishes the european union. now worries more countries could bolt. we're already kneeling the impact here. now for the next two hours we're going to be separating all of the fact from all of the fear. i'm in for neil cavuto, with a special cost of freedom. here is the latest head lines on the situation overseas. britain breaking away and growing talk more european countries could follow. france and italy set to hold an emergency meeting later today. and meanwhile hur up and leave.
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a german official saying the negotiations should begin as soon as possible. and adding intense discussion needed and isis looking to take advantage of all of this bed lum con kerning the brexit. and investors are running for the exits after the brexit vote, the dow plunging 600, at the close. it was down 650 earlier and now back in the red for the entire year. so what is the fallout in our markets and our economy. do our market watchers. we've got these guys. and first, what is the feeling there? is this bedlam going continue on monday? >> the feeling here has been mostly shock larly in london because this city was not one that wanted to actually leave. but i think what we're starting to see is as the dust settles
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and as people realize oh this hah actually happened is this may actually be a good thing even for people in london who weren't really for it because the cost of being in the european union has been very high for the uk and it is not really working. it is not really working for lot of different countries. so we all know that something needed to change. now, this is a pretty dramatic change but now they have an opportunity the really do something to help their economy. >> i'm just wondering. did you see it coming? because just about all the prognosticators were wrong this week. did you think they would vote to get out? >> well i think you can never underestimate the british sense of self confidence and their confidence in their ability to manage their own economy and their belief they ought to be autonomous. the british people have been and ought to be very proud of being british and they do not want to give up their sompbt to bureaucrats in propulses. >> no. and sense of security, false
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security. all week the markets thought they were going to vote to stay in. they were dead wrong. what happened? >> futures were you will nicely the night of the vote. farage came out and could actually see the feet which was amazing and boom everything turned. to me it is a don't blink moment because things are going to change left and right. there is so much uncertainty going around right now. whether other countries are going to leave. a referendum on the referendum and how about currencies. image image if you are ibm or 3 m and selling products into the uk -- notice the alphabet soup. >> because of all this uncertainty over there our currency has strengthened but that makes our products more expensive so that could hurt people trying to sell our stuff. >> you got it. and that hurts the earnings here, which effects markets and what happens if monday if that
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turns? the problem is companies cannot plan for the future like this. and if they cannot plan for the future they don't hire. if they don't hire, economies stall and if economies stall we're in the soup for quite a while and we already have economies around the globe that are ridiculously sluggish already. and that includes the fact that the easy monetary poms around the globe which really hasn't hoped much. >> sluggish is polite. i think a lot could be in recession. let's talk positives here. there is something to smile about. the british people said as lenoir was saying before heck "the wurkt heck with the bureaucrats we don't like our lives being controlled. they were controlling so many things. the kind of vacuum cleaners they could use. the kind of lightbulbs and it was costing them money. so at least what the british people did was declare independence from the bureaucrats. that is a good thing, is it not? >> i think it is a great thing, daddy. imagine if we had some -- great
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thing david. imagine if we had some north american eu where all the things were based in mexico city are -- >> some say we do have that. >> yeah that's in washington. >> the belt way you are talking about, yeah go ahead. >> maybe we do. there is always talk of states like texas wanting to form their own country and maybe that wouldn't be too bad an idea. but at least we all, you know, went under the whole break free from britain back in 1776. we have that commonality. there is no commonality. i don't think people feel in any of the countries there, whether it is in sweden or spain or portugal or the united kingdom. they don't feel european. they feel british or swedish. i'm a lot more positive than
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gary k. can you imagine if there was a stock market back in 1776. you would have said oh my god it is dangerous. it is horrible out there. >> nobody saw the american miracle coming. >> exactly. >> and there maybe -- lenoir there is an expression we heard in politics here in america i think we began to hear in britain. we got to take our country back. and some saying oh that is xenophobic and racist. what they are saying is taking it back from the bureaucrats, those people, the politicians who want to control our lives. i don't think that is xenophobic. i think that is healthy. >> that is self determination and if anybody should understand that, the americans should appreciate how important it is to be able to dictate your own future. and there have been elements of xenophobia and we all understand the fear. and in europe -- >> let's be specific about that lenoir. what's happened in europe is you have a lot of immigrants coming
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in. many, many, hundreds of thousands. millions in the case of germany. and they are non assimilating immigrants. everybody wants folks who come in and want to be part of the culture and work hard. but if you are coming to take welfare and not assimilate and live in a bubble somewhere, that is not good for a country. a lot of people don't think it is. right? >> it is true. but also part of the problem is the shear numbers. this isn't your typical immigration. we have people running from a crisis and a massive number of people just getting the hell out of where's terrifying and dangerous. and they are not exactly running so much towards something. where america has often benefitted from having people come to the land of opportunity. but what we're seeing now is people running for their lives. and when they land someplace that fear makes them less comfortable with assimilating into the new culture because
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they are coming from a place of absolute terror. so it is a different dynamic. >> gary? >> i agree. this is a repudiation oaf distant unaccountable bureaucrats but there is a lot to be worked through. the article, the treaty they have to get past is a two year negotiation period and has to be approved by the other -- >> well the markets have been pretty well the past six months or so so maybe it is due to a little trouble. thank you very much. appreciate it. donald trump meanwhile seeing this vote as the validation of what he's been talking about. john roberts now in aberdeen, scotland, who is lucky enough or sly enough to have been at the perfect place at the perfect time even though he's criticized for going there a couple of days ago. john there has bernieen a war o words developing between donald
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trump and hillary clinton tore brexit. explain. >> reporter: both trying to gain advantage with voters in the united states. we should point out almost the perfect place to be. while the uk voted to leave the eu scotland voted overwhelmingly to stay. donald trump landed here the the trump international golf links a short time ago, spoke briefly to the cameras saying he's a little concerned about the turmoil in the stock market but he says there is always turmoil in the stock market. he thinks that in the long-term. like yesterday, things are going to work out. but certainly he's hitting the administration, the white house and hillary clinton as hard as he can over this thing saying that president obama should never have come to europe and warned the uk that it would go to the back of the line when it came to trade deals and other things. hitting hillary clinton for not only parroting those words but miss reading the mood of the nation as well. here is trump yesterday. >> he came in and really tried
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to convince people to stay. and i thought it was inappropriate. and then she doubled down and she did the same thing. and obviously for the 219th time they were wrong. they are always wrong. and that is the problem with them. >> one of the things that trump said yesterday was that the temporary at least evaluation of the pound sterling wasn't such a bad thing because it could increase tourism including more people to his golf course in the west coast. the clinton campaign immediately jumped on that saying donald trump is unfit to be president because he's more interested in making money for himself than the economic impact of the brexit. >> trump tweeting back. crooked hillary called brexit so incorrectly and now she says she is the one to deal with the uk? all talk, no action. war of words just getting going. expected toen continue for a
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while at least. >> the press conference donald trump had yesterday was in the morning u.s. time. early in the morning u.s. time. so he got in his licks about the brexit long before either the president or hillary clinton began to tweet out. he was there first. and that -- i think that really helped him. but what happens to him now? when does he come back to begin the campaigning here again? >> when you are five hours ahead of people it is easy to get the jump on folks. he's just taking reporters right now on a tour of the golf links here in aberdeen that we are carved out of some amazing do you knows. not without controversy. there was a couple who didn't want to sell their properties and there are some protesting. after he finishes up here he's probably going to go back to turnbury because i think he left part of his family there. then he'll go back to the united states where he hopes to have
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the wind at his back now with this idea that people have a right to seek self determination. and the way they rose up here in the uk against the ruling class, the elites, he hopes they do the same thing. so he's going take that message back to the united states and sell that hard. >> it does duffy tail nicely with his own camp.ove tail niceh his own camp. a strange juxtaposition. enjoy scotland john. great to see you. thank you very much. exciting coverage. forget the market's next move. that is what we're saying. because it is what isis terrorists have planned next that has general jack keen worked. the four star general is going to be here in a moment. and could these be the scenes of trump supporters in november? mike huckabee on whether the brexit win over there means a win for donald trump back here. is back with the iphone.
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well not only were we talking about the brexit, but isis wasting no time, trying to take advantage of the brexit vote. the terror group calling for more attacks to, quote, paralyze europe. retired four star army general jack keen joining us with more on this. how credible do you think the threats are in. >> well i think we've learned how to take isis very seriously, begin the numbers of attacks they have had. obviously in tunisia and turkey, lebanon and belgium and france and also multiple attacks in the united states. so while there is no specific intelligence we've got to be serious about it. my problem is the nato countries and -- are not serious. isis is at war with us but we're clearly not at war with them. nato invoked article 5.
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attack on one is attack on all. there was a nato response into afghanistan to repel al qaeda. we've had responses by ey--. the reason is the east european leaders and the president of the united states do not want to do that because then they are going to be measured in terms of a decisive answer and a consequential result. >> yeah and then they would have to declare war against radical islam, something they don't even acknowledge. i kind of like the idea that isis doesn't like the brexit vote. that makes me feel that i'm on the right side if i like the way they voted on this. it certainly will make life little more difficult for those terrorists who were traveling across border all the time. we have that one terrorist salah abdeslam, he was involved in paris attacks, lived in brul
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brussels. he went back and forth several tiles. will it be less easy for folks to cross border. >> the schengen zone was established a open border issue by another name in europe permitted huge amount of migration and lack of control. the europeans are trying to get this under control. i think they are almost in a desperate situation to do this. by the way the brits never partipated in that program. so they have maintained control at the border though they have hundreds of thousands of refuges and migrates inside their country. but they do have a much better control over that situation than the other europeans. i don't see the europeans solving this problem any time soon. >> let's move little beyond isis here. i understand vladimir putin is also -- that is one person on whose side i don't want to be but i understand he's kind of getting excited about this brexit move. explain. >> well he -- the kremlin has got to be celebrating.
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because think about what this is. first of all i absolutely believe the brits did the right thing in trying to take control of their destiny just like you and many other commentators here on fox. all that said. when you think about it putin and the leaders in the kremlin were president when the soviet union broke up after 40 plus years in 1991. now what we could be seeing and some people are actually saying this is the beginning of it. we will see. but we could be seeing the beginning of the break up of the european union after 40 years. and you have got to believe the kremlin is excited about the responsib potential of that and do everything they can to move that in that direction. also the warsaw pact, their military alliance, craollapsed after the e soviet union break
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up. and --. it is the military alliance, nato. and they want to challenge it and they a want to force its collapse. >> hold on. you say they want to challenge it. how would they challenge it? are you suggesting they may go in and try to knock off some of those countries piecemeal. >> absolutely. in the last three years they have run 17 major exercises and deployment where the central somewhere has been war in the battlicses against the united states and united states and nato and have simulated tactical nuclear weapons in all those exercises. they are dead serious about this. i think we'll see in time an incursion into the baltics. testing the resolve of nato. and i'm not convinced that angela merkel -- >> forgive me. but if they want into astonia or
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one of the countries many t the baltic, you don't think there would be any reaction from nato? >> i'm not sure. if they did it rapidly. and they have forces right on the border and within a few days they were sitting in a capital city, i'm not convinced angela merkel is going to put her infantry in n there to resolve that situation. i think it is a legitimate question. >> we've got leave it at that. we've run out of time but very interesting points. general jack keane. thank you very much. so was the fear of terror front and center in this vote? with the man behind the movement told our man kneel cavuto not long long ago but first mike huckabee on the impact he say sees for the next big vote right here kblp "gunnery sergeant" when i call being a usaa member because of my service in the military to pass that on to my kids something that makes me happy
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i really do see a parallel between the united states and what's happening here. people want to see borders. they don't necessarily want people pouring into their country they don't know who they are and where they come from. they have no idea. and not only did it win but by a much bigger margin than people thought it would happen. >> related to trump here is the really big question for us. could the brexit win over there mean a trump victory over here? mike huckabee is on the phone. good to talk to you governor. how similar are the concerns of the exit folks over there? you have been talking to a lot of them. with the anti-establishment folks here in the u.s. >> david, i think there is almost a mirror application.
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what's driving the sentiment here in the uk is just unrestricted immigration. people feel they are losing their country, their culture. i don't have to tell you the brits are a proud people. they love their country. they love that you are traditions. they love their language and they feel like they are losing all of those things. because under the eu anyone can come in and nobody can tell them no. and they are seeing vast amounts of people. here is what i want to be clear about. when people say these things they don't want to be on the record. just like it is in the u.s. it is a quick way to being called racist or xenophobe if you say anything about immigration. but privately people are saying it is time for this to stop. >> well governor it is more -- is it not more than immigration? it is the idea of multi culturalism. a phrase in the united states and taught as a good things. but it is not necessarily a good thing when you teach people not o assimilate.
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immigrants who come to the united states or go anywhere and want to assimilate, become part of a culture could be a good thing if they are hard working people. but the whole concept of multi culturalism that keeps them in a bubble if you will, non assimilating is the problem, is it not? >> it is very much the problem. and just like it is in the u.s. when people say diversity what they mean is uniformity. so diversity has come to mean that you have to be accepting of every different thing but you cannot in anyway celebrate a traditional viewpoint, a traditional morality, a traditional patriotism because that would after all be offensive to someone. and what i think what we are going to see in november is the same thing. it is the nationalist very the globalists. do you want a national economy that will let you have a job. you can work and earn a paycheck. or do you want a global economy
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in which a few people who own the businesses make must be but the workers lose jobs and see -- >> well governor you use the word globalist. yesterday president obama was talking about what happened in england. at stanford university and he used the word globalist. global simpism is hard. it is difficult but we should work our way towards the a globalist economy. >> the brit where is saying no. the more we have globalism, the more we have the bureaucrats tell us us how to lead our lives. >> well the shipyards of liverpool were once vibrant and they built ships for the world. there is no shipbuilding in liverpool. they have had to change the economy. and like places around the uk and rest of europe things have changed radically because of the globalism. here is the thing david. so many people in the u.s. were promised if wed a all of these
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trade agreements it would be great for the economy. but they have lost their homes to foreclose and pensions and paychecks it -- >> governor, the question is, if you want to strong arm businesses to stay here in the united states? because that is not the free market. you don't want to force as donald trump has said apple to manufacture products here which would double the price. people wouldn't buy the iphone anymore. they would by samsung. so a u.s. company would go down the drain. so what to do you do? >> one thing is create a more level playing field by taking away the huge tax and regulatory burden companies face in the u.s. the reason the jobs get sent off is it costs less to produce. a lot of that is tax and regulatory and litigation. if you deal with taxation, regulation and litigation, you are going to see job creation. but if you don't do those things, we are going to continue to see job migration going the other way.
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>> gotcha. duh but do it with incentives that make it cheaper to manufacture here than it does to manufacture or sell abroad. great timing governor. glad to have you join us here. >> exciting time to be in the uk for sure. >> indeed. european leaders scrambling as britain get to vote to leaving. which nation could be next in leaving the eu? we'll tell you about the meetings going on tight right now. and a poster by the architect of the brexit sparking some controversy.


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