tv Cavuto Live FOX News May 5, 2018 7:00am-9:00am PDT
all right? go to fox & friends.com for the after the show show. neil: when it comes to this robert mueller probe he has had it not the president whose long called it a witch hunt the federal judge who questions whether investigators are simply going too far this on the same day we learned two of fired fbi director james comey's closest confidants are going, period. meet the former clinton polster who says forget the investigation, it's the investigators who are there and you're looking live at the white house where we are learning big things could be cooking, news on the fate of those american hostages, reportedly set to be released from north korea, and the details as to where and when those big talks between the president and the leader of north korea will happen. and speaking of the president,
he is set to depart this hour for cleveland, where he'll be talking up tax cuts and no doubt talking down democrats and yeah, a couple of republicans who have been ripping those tax cuts what's going on and the man who just bought another 75 million shares of apple and he doesn't have, he uses an iphone? it's okay. he does know how to make money and no one has made more than investing than warren buffett we are live in omaha where liz claman has got him and his take on the market and the economy and oh, yeah, donald trump. and we're live in dallas where the national rifle association meeting is still going on and protesters are still gathering, but they're not all protesters. i want you to meet the student who just staged a big school walk out to protect the second amendment a busy two hours of kanye west suit o live -- cavuto live, now. this is the scene moments ago in
moscow where demonstrators have been gathering ahead for the inauguration of a fourth term of vladimir putin and they don't trust him or like him better than 350 have been hauled off by police and it could escalate here. this is a planned protest, by the opposition movement and they pes renot very keen on vladimir putin's grip on that country and if anything happens there are updates on this we will of course keep you posted meanwhile back in this country the president is set to hold a pow wow with cleveland business leaders where he is talking about increasingly trying to get an idea how the tax cuts happen. marine one already leaving the white house for that journey. the president is going to be talking up the fact that tax cuts have been the wind at at this economy's back certainly the markets back even as some protesters have been saying quite the opposite so that's coming mostly from democrats but this past week republicans like marco rubio, kevin corke is in
cleveland ahead of the president 's visit there and what kind of crowd he's gathering, kevin? >> neil, good morning my friend as you can well imagine we expected another rowing crowd here to greet the president but let's be also fair about this. there is a great deal of concern , neil about exactly how the tax cuts will benefit or not small businesses around this country, expecting to name ohio industrial sales today that gave $500 bonuses to their employees so the president will certainly spotlight that in his tax round table coming up today. in fact he's got a payer of that meanwhile another big story shaking washington is the story about the judge that you mentioned judge ellis talking about the ongoing mueller special probe into the president 's so-called tie with russia did his campaign somehow get involved with the russians to collude to win the 2016 election? let me take you to just a quote which i just found stunning from the judge, again criticizing special counsel mueller's team. he said you don't really care
about mr. manafort's bank fraud. what you really care about is what information mr. manafort could give you that will reflect on mr. trump or lead to his prosecution or impeachment. come on, man. that was judge t. s. ellis. now he's talking about paul manafort of course a former trump campaign official whose run into quite a bit of trouble most notably, because of bank circumstances, and perhaps even some tax problems but again that's all being worked out as that case continues to wind its way through the courts. the president has long said that his campaign had nothing to do with russia and this is all through manafort and others to get to him now yesterday neil in dallas, texas big nra a rally a standing ovation for the president's speech, same for vice president mike pence, both of them knocking it out of the park, talking not just about faith and freedom and the first amendment and the second amendment but they were also talking about the fact this administration had its share of fights and the president for
once says he loves it. president trump: none of that information has to do with information related to the russian government coordination and the campaign of donald trump how does this have anything to do with the campaign, the judge asked. let me tell you, folks, we're all fighting battles, but i love fighting these battles. >> [applause] >> there's just a bit of that crowd wow it was something neil meanwhile i'll pass this along, lisa page whose electronic communications with another fbi employee drew accusations of political bias, well she resigned on friday to "pursue other opportunities" same story for jim baker the former fbi top lawyer whose linkedin 2017 to that journalist in the trump dossier he's also out at the bureau. i should also pass this along my friend. this is not the first time that
we've seen the president conduct a tax round table like this but what is different in this particular circumstance, neil, or so we expect, is the president will really focus on the benefits for small business, we'll see how that all pans out but for now my friend back to you from the beautiful city of cleveland, ohio where the cavs play tonight so you can well imagine they're more interested in basketball perhaps. neil: i would imagine. the battle for attention there kevin thank you very very much by the way on the left side of your screen marine one getting ready joint base andrews the president is going to cleveland and he will spell out a lot of the tax cut stuff that kevin outlined here this time stretching out small to medium size business and the focus tends to be on these big companies with the tax breaks but a couple of the businesses that handed out $500 bonuses to workers to illustrate the point it went much deeper than the fortune 500 companies and you heard a lot of talk back and fourth about this judge. he is presiding over this paul manafort trial where they're trying to understand how mueller
's expanding probe would justify some of the information that they want to get from paul manafort, the former campaign chairman for donald trump. now, manafort's people are urging all these charges to be dropped. now there's no hint that the judge will do that. he could drop a good man it of the charges but he did say that this investigation has gone far and wide and potentially further and wider than was the initial intent. this would not be the first investigation of the case of a prosecutor to do so but let's get the read from former clinton strategist mark pain and attorney mercedes collin. mercedes the big thing here seem s to be whether this investigation has run too far a field and this judge is the first to say, i think it has. >> it's pretty extraordinary. this is what happens when you have a judge that has a life long appointment. there are no constituents, there's no voting process, this is someone whose put in process whose a judge for life. so he is very open and it's pretty extraordinary to hear a
judge say wait a minute what is going on here? if it quacks like a duck, walks like a duck, it's a duck. don't play bait and switch. don't violate due process. call it like it is. if there are -- neil: keep focused right? that's one of the things the president was reminding people yesterday as he hospitals on board air force one to go to cleveland here. he was with this audience at the nra yesterday this is out of control and this is a witch hunt >> part of it and for a judge to go that far and say that it really speaks volume. neil: the judge didn't call it a witch hunt but mark pence, former clinton polster when i noticed and got your remarks on this, you too said that part of this includes reviewing what the investigators are doing. what did you mean by that? >> well, i spent a year working with president clinton fighting ken starr and i wish at the time more republicans had joined that and i think today, we need more objective bipartisan review of what these investigators are
doing, how they got there, how this started, was this really all the fruits of a poisonous tree, what was he thinking when he put together a group of democratic contributors as his lead prosecutors and how that would appear fair and unbiased. what were mueller and oh, thinking when they went into try to get mueller made the fbi director and then the next day he's made independent counsel? what were they thinking with these public raids that obviously signaled to the press that you're investigating people rather than keeping that secret? i mean there's so many conflicts here that are obvious and this judge is the first person who wasn't, didn't have his house ro usted with people with guns, he's the first person whos was in calling it extortion by rosenstein, he's the first person who wasn't called obstruction of just us as the president has been. he's the first person who could actually look at this and begin to object. neil: but you're saying this to be clear, they should have stepped back and said all right we have a disproportion at
number of democrats weighing in on that not a one had kind things to say about donald trump and normally they don't let their personal opinions get in the way but when they're all of those personal opinions as we've later come to believe it kind of was a stacked deck but i'm wondering would that make at least mueller now in this stage be all about what he's doing or do you fear that it's too late? >> well you don't see that. when the strzok and page text messages were discovered, he had to not only i think fire them rather than reassign them and let them quietly quit when the inspector general is going to come out with a report, right? he needed to destroy everything that they gathered because that's the fruits of a poisonous tree. they were investigators who had extreme bias and whose texts reveal that they were more about getting the president than they were about doing an objective investigation which is why they were quickly removed. neil: you're right here on a legitimate question and mercedes
you're a a top notch lawyer. i always look at this and say or when you're using these raiding someone's home in the case of manafort early in the morning waking everybody up going into michael cohen' office and homes to do the same, monitoring his calls, these are, you know, what you do with the mob kind of tactics and someone approved these moves, each and every time , to what end? >> i mean those are extreme measures what you're talking about. all of the things done in this investigation have been extreme. we talked about how they gather ed their phone calls initially there was a reporting there was wiretapping which is even greater scrutiny but all of this, it really boils down to let's look at what the outcomes going to be. is there really a crime? neil: well when you get approval to do this -- >> you have to show probable cause. neil: and if it was granted to you, what would allow someone to grant you that authority? you were telling them you're afraid something is going to be destroyed, documents are going to be taken, what?
>> exactly, documents are going to be destroyed witnesses are going to be influenced, evidence is now destroyed, text messages, there's so much that can be removed, destroyed that can really affect the outcome of your investigation so we have to show that but you have to show some probable cause to go continuing down this process and show that there is a crime that we're investigating and what judge ellis said is like what are we doing here? if this is what you're going to, there's a lot of backchannel communication of any defense attorney will tell you when your clients in the thick of a federal investigation, there's a lot of backchannel communication because they don't necessarily want your client. they want the bigger fish. so but -- neil: in other words they're leveraging and mark i think that was part of your point here that this has gone far afield as it did with the clinton investigation that started over real estate deals what have you and then veered into a relationship with an intern. are you saying then kind of the same thing happening here, stop these type of investigations, stop how we go about them, limit how their perview, what?
>> absolutely it's 1998 all over again. we're now into non-disclosure payments to a porn star. things that normally frankly would be an administrative process. the last time i looked back, the sec for $200,000 legal contribution was a $34,000 fine. i mean, it's crazy what this process that's been started and we thought we got rid of all of this, we thought we got rid of the independent counsel statute and through this fluke of sessions recusing himself and then the new york attorney recusing himself, rosenstein has been able to form a government within the government unaccountable until this judge spoke up to no one, and that is the loophole here that has to be closed in the future. neil: guys i want to thank you both very very much and we'll see what this judge decides remember the manafort folks are saying just drop the whole thing all charges, but he could drop a lot of the charges. we've a lot more coming up on cavuto live including the latest on north korea they've been putting on the charm here and yet this is the same guy who a
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, generated by a volcano 1,700 people had to flee their homes there, they had the full remember that ballistic missile alert some months back so you can understand they worry about it. its caused obviously a safety fear set to be re-examined in the back and forth with the north koreans remember it was the fear that a north korean missile was hurling toward them that first prompted the false warning to the government to bat on down the hatches and that was then, a very different environment and right now we are looking forward to those talks between the president and the north korean leader as well as some promising developments on the release of american hostages held there, three of them there might be more, down the road, the president has yet to set a date and a location for that. he says he knows it will share it soon with everybody. the former u.s. ambassador to the united nations so much more bill richardson ambassador good to have you. >> thank you, neil. neil: who knows better than negotiating with the north koreans you served that role back during the clinton
administration. i think you said you have to be careful verifying everything you hear out of them. you dealt with kim jong-un's father, but this goes back to his grandfather as well, that they say one thing, do another, so if you were to advise the president's people talking to kim jong-un now, what would you tell them? >> i would say to watch out, that he's probably got something up his sleeve like right before a big negotiation like what's going to happen with a summit. the north koreans do a charm offensive. they put out good press statements this is what we're going to do, we're going to close down a nuclear facility, they probably leaked that they're going to release the three americans before the summit. you've got to watch them and you've got to be very conscience of the details. my worry, neil, is the president goes into the summit and unless we have have have a strategy of where we want to end up these guys are very skillful and
relentless. they don't think like us they're not into quid pro quo, they think they're totally right, the divine right of the father and grandfather as you mentioned and now kim jong-un. neil: all right now it seems that the president was favoring talks into the demilitarized zone, that it's easier, it's probably better optics, he didn't say that but that seems to be the view. do you agree with that? >> no, do you know why, neil? i've been to that area. the way you make deals with the north koreans is informally. like i heard that maybe there's going to be a dinner or they're going to walk together and talk, get to know each other. you know, that area is too compressed. you make deals with the north koreans and informal settings and in table to table they're going to vent, will vent back and forth. neil: you like proof we were showing the time that you helped rescue an american prisoner there, but you were big on saying that i need to see it before i could talk about it, the same would apply now i guess to the release of these hostages , and any agreement the
president has already said he'll walk away from the table if it doesn't look promising and by that he means whether the north koreans are going to agree to something firm and commit to checking what they're promising right? >> well you know i'm not a big fan of the president's tweets and announcing, you know, like announcing they're going to be released so they haven't been released. the north koreans decide when the prisoners are released and i worry about saying well i'll walk out . the north koreans are very sensitive. doesn't mean they don't deserve that scrutiny, but i just wish traditional diplomacy would govern the president's style, but -- neil: but look how far its taken us this unconventional approach, its got us this far the two leaders could be talking, right? >> well things are going well the south korean summit, the olympics now this summit. look i've said the president deserves credit for meeting kim jong-un, agreeing sending pompeo , you know, i'm hopeful.
it's the best i've seen in a long time but i worry because i know the north koreans. neil: all right, ambassador thanks for taking the time. all right, our a team, economic a team, avenger team back from china, nothing to show for it. hi, kids! i'm carl and i'm a broker. do you offer $4.95 online equity trades? great question. see, for a full service brokerage like ours, that's tough to do. schwab does it. next question. do you offer a satisfaction guarantee? a what now? a satisfaction guarantee. like schwab does. what are you teaching these kids? ask your broker if they offer award-winning full service and low costs, backed by a satisfaction guarantee. if you don't like their answer, ask again at schwab.
shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get up to 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and see how you could save $400 or more a year. xfinity mobile. it's a new kind of network designed to save you money. click, call, or visit an xfinity store today. >> are we in a trade war with them? >> well, we're in a trade skirm ish with them and it's important it doesn't turn into a trade war. i think frankly both sides are smart enough to know that a trade war would be bad for each of them and bad for the rest of the world. neil: all right warren buffett no one has made more investing
than warren buffett in human history it's a simple fact so his thoughts weighing in on developments on the world they're monitoring and watching liz claman is out in omaha and a lot more from her coming up and a lot more from warren buffett coming up and his thoughts on the world and these chinese talks back and forth which seems to imply that it's not a war in his eyes, but skirmishes can get out of control and jonas max ferris knows about it and kind of worries about it and he's just saying maybe cooler heads prevail but our economic avenger dream team came back, and they didn't have anything. they came back empty handed. what do you think? >> it seems like an agree to not agree meeting which at this point is good. it could have gotten worse and it's not solved the chinese aren't going to magically make a $200 billion trade deaf nit just disappear. neil: if they disagree they didn't want to set an arbitrary number to pair that surplus,
right? >> no and you really can't. i mean, what would, ideally, they would stop doing certain things and that in itself would make the problem go away. you can't really target that gap , and you know, realistically ,, they would have to buy more stuff and i don't know if that's going to happen. our stuffs expensive, relative -- neil: but what about the president's view is then remove the tariffs you put on our vehicles that come into your country or whatever. we charge 2.5%, the president says charge an extra 20%. just stop that that would be a big difference. >> they definitely get away. it's not like this is a base less argument. they did pick the one country, where trump has kind of a strange view on trade that goes back to japan and it is right, with china. neil: now let me think he's brought that to light whether you thinks tariffs, the answer, they do kind of cheat. >> governments have let them get away with it in the same way that like tech companies have. there's no place that could get away with telling a tech company no you have to do this and give
us that, other than china because everybody wants in on china, and governments are the same way. they want the cheap stuff. the companies here neat the cheap materials we want this, so we let them get away and they have more power than they should because everyone's hooked on china for lack of a better word, so trump in some ways is the only country that's willing to take them on, because most tech companies -- neil: by the way he's secretly egged on by european countries that kind of agree but don't want to step out there and be publicly saying that. >> right nobody wants to, you almost need to have like an opec to counter china, because nobody wants to be the country that isn't working with china. neil: well what's going to happen? >> it could just stay bluster and talk for years, and it could definitely turn -- neil: the longer it goes on the more those tariffs pileup right? >> it only has minimal effects to certain areas, farming and metals markets mostly.
it hasn't gotten to where there's wholesale tariffs and it could do that. neil: but haven't the chinese stopped buying american soybeans already? >> yeah, but they don't buy that much stuff. that's one of the reasons why this isn't such a threat. that said there's not a 40% tariff on iphones yet either there too so it could go further no question about it and they're trying to be tough. they don't want to just buckle quickly because it would look like we could get away with anything and negotiate anything so they try to play it tough and use their power, mostly in us wanting to buy stuff from them, and all that. we haven't even gotten into some of the other things they get away with, there's environmental issues, he was supposed to be made there not just because it's cheaper because they're skirting rules that are here whether it's healthcare, we have all these costs to do business here. neil: but are you surprised? i know they said we don't expect anything but we've sent our avengers there, these are our all our top economic guys, led by mnuchin and everyone else, i guess he is sort of like a captain america and nothing.
they come back with nothing. >> we don't know what they're going to do because they didn't get anything, we may have a more tariffs in a few days i will say the stronger our economy gets the better position we are into start trouble with them, because it's going to be look, it's not good for the economy to start to have a trade war but if you're in a very strong position you can handle trouble with china. if we were in a weak economy a few years ago, you can't start a problem they're in a more powerful position, right now inflation is still under control the economy is strong you can be pushy with this country so maybe if it's going to happen it would probably happen this year where we would have hopefully a short tariff trade war but it could spiral out of control and then we have elections coming up so maybe nobody wants to do anything until then. neil: you're our avenger, which one? >> they asked me to go i was like neil i've got to be here on your show. neil: thank you very much my friend in the meantime did you see this, nasa launching its first mission to mars in over
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neil: welcome back. i'm neil cavuto and you're watching cavuto live just an update the president of the united states is heading out to cleveland to to the the tax cuts and he says are benefiting it's not just the big old companies that are benefiting here you remember that was an attack line on the part of the democrats this week, even marco rubio what he says is something that was disproportionately weighted against individuals but it would help individuals a lot more. the tax cuts are an elixir republicans are known for
for example, in the state of new jersey over the last eight years chris christie was famous for encountering any tax hike that came along i think he veto ed close to 400 such efforts on the part of democrats to hike taxes oftentimes those were on the rich folks in the state of new jersey but there is a new sheriff in town, phil much any, democrats control all branches of government in the garden state this guy heads one of them the senate president and the democrat state senator steve swe eney. very good to have you thank you for coming. thanks for having me, neil. neil: you have sort of gone against the grain or at least governor murphy's push to slap a tax on millionaires it wouldn't be exclusively millionaires but the very well to do in your state. why? >> well, neil, with the federal tax cuts it actually was a tax increase in new jersey, and it's just not the direction we need to go in any further new jersey. new jersey needs to stop talking about taxing and we really
immediate to start talking about fixing new jersey, neil. we're a high tax state and we have our issues and it's time that we actually tackle, you know, really dig in and tackle some of the problems that we have. neil: senator, unless i'm missing something the governor hasn't changed his mind. others who support him haven't changed their mind. they still want to go through with this tax on the wealthy so where does this stand? what has the governor told you? >> well, listen, give the governor credit he's never waiverred from the position he stands on, and he's taken since the campaign. the difference is circumstances have changed and when circumstances change if you don't change with them you're foolish. we're in a situation where this state is in trouble and again i'm not calling governor, i'm saying as us as people we have to recognize that just taxing and going out after trying to find more revenue to fix the problem you never fix the problem. we have structure structural problems that need to be addressed in new jersey and there's not enough taxes in the
world to fix it so it's time, neil. it's time to have a real discussion with the people in new jersey on the changes that need to be made in order to shrink the cost of government rather than just looking for ways to find money. look, we've cut taxes. we cut the estate tax. the democrats did that, neil. the democrats were proud to do that. we raised the threshold in retirement income taxes so that in a couple more years 90% of our retirees won't be paying taxes. during the christy administration we cut business taxes by $540 million. you know, most importantly though we have to recognize that new jersey has an image problem. it's a tax problem. i had a situation the other day i was talking to a woman who didn't know who i was and she said to me, we're just small talking and i said how are you doing? she says i've got one more year and i can't wait to get the hell out of here. i've spent my whole life in new jersey my kids moved out they won't come back. neil i'm hearing this over and over again and someone is born and raised in new jersey and
thinks it's the greatest state in the nation, i love the place, obviously we have a problem with our citizens are saying they can't wait to get the hell out. neil: i'm shocked by that. the fact that you she didn't know who you were, do you know what i'm wondering senator is where this goes though i know the argument has been every time a governor or a congressman is proposing increasing taxes on the wealthy in this case the argument is yeah, they put up a stink, but where else are they going to go? we know in some of these high taxes like california they go to texas or lower cost environments like florida what have you. are you worried about that because i always think i'm a new jersey resident i should disclose that if you have kids and you're in the state or whatever no matter what economic group you fall into you're less inclined to bolt no matter the tax situation, once that ends, you're very inclined to go, and that's what you have to worry about what do you think? >> neil that's what i'm very concerned about. it's not just the wealthy.
i'm telling you the woman i spoke to the other day, i'm hearing this in the gym earlier in the morning people saying as soon as i can get out of here i'm getting out of here. that's not a state we want to live in. new jersey has got so many wonderful attributes to it that when people keep saying they want to get out and you realize they're all talking about the same thing, the cost, the affordability, we have to start thinking about what are we doing because einstein says the best doing the same thing over and over again expecting different outcome is insanity. for us raising taxes on a regular basis is not going to make sense here and neil, i sponsored the millionaires tax before, but do you know something? it's not right now. it's nothing against the administration. it's the worst thing we should be talking about right now. neil: but he hasn't changed his mind? >> he hasn't but neither have i neil: okay, well there is that. all right, senator thank you very much we'll see how that goes. again, keep in mind new jersey is not alone, there are at least seven other states that are
proposing this sort of thing, countless municipalities including here in new york city where mayor bill deblasio is pushing a tax on the well to do as a way to pay for things like education, teachers salaries and all the rest. so far falling on deaf ears but that doesn't mean it ain't going to be done. it is still a trend and they oftentimes will take the federal tax cut and use that as a reason and a rationale to argue that average folks need a break. so you stick it to those who are above average when it comes to income. we shall see. all right in the meantime, one of those whose sort of above average as one of the richest on the planet, and when it comes to investing no one has made more money ever in the history of the planet, that's warren buffett with liz claman. he has an interesting read on the tax stuff, economic stuff, the market stuff, the korea situation, you name it, and when someone who bets the amount of money that he does on a lot of the stuff he says, you want to pay attention. pay attention.
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are you in good hands? >> he bought a huge part of apple that's technology. >> it's a consumer good. a bicycle is technology. i actually have one, a very nice shareholder about two months ago said this is pathetic, referring to me. and even explained how to use it , but unfortunately, he wrote it so that a three year old could understand and i'm not quite there yet, [laughter] so you don't know how to use the iphone yet? >> frankly, no. neil: but he does know how to invest in the company that makes it in fact buying 75 million shares in the latest quarter, that's something that our liz claman found out she has been with the man they call omaha, you name it warren buffett the world's richest investor. liz that was very funny but it tells you about the fact that
even he can change his mind, skew technology altogether because he didn't understand it but he understands making money, right? liz: that's all he wants to understand, and that's why his stock went from just a couple of bucks, 50 years ago to more than $300,000 a share now, neil yes the apple news was certainly very big. i just got a good 25 minutes with warren buffett on a whole host of issues here on what is the largest shareholder meeting in the world, you can see behind me it looks a little empty because he just took the stage with charlie monger, his vice chair but what you have here on the exhibition floor in omaha, nebraska are the 61 or so businesses he owns because he wants to make money even during his shareholder meeting. let me quickly tell you, neil i got him on tax cuts and the corporate tax cut. he said as he stood right by the burlington northern display, yes he owns an entire railroad, that the tax cut for corporations has been a boom and certainly for most if not all of his 61
businesses, and then matt rose who runs the railroad, he's see ing a car go in and out, neil and he said 18 out of his 22 cargo businesses are up, that is highly unusual, and he said i believe that we haven't even begun to see the beginning, even the real beginning of how positive the corporate tax cuts can be. a couple of things he said he sees inflation coming in the last two months warren buffett telling fox business that he had seen more signs of inflation popping up specifically he's got a couple of companies that use a lot of steel, got precision steel not to mention precision cast parts which makes all kinds of automotive and aerospace parts. he said the prices are absolutely speaking, some of his businesses will in turn have to hike their prices that's plain out inflation. he says he hasn't seen inflation like this in quite some time, but he said it started about two months ago that of course might coinside with president trump bringing up the tariffs so i asked him are we in a tariff war
with china and he said it's a tariff skirmish, not a war just yet and i believe meaning warren buffett that both sides, neil, he said both sides are smart enough to realize that would be a big mistake. so i'm talking about all kinds of issues with him, even, neil i even brought up bitcoin because five years ago his vice chair charlie monger, i asked him what he thought of it five years ago, charlie said it was rat poison and today i asked warren five years later it's worth 9,000 is it still rat poison and he said rat poison squared something tells me he's going to talk about that and much more in this meeting that has drawn the record crowd of all-time 42000 people. neil: incredible, no one gets more out of him than you do liz look forward to it liz claman with the world's most successful investor, others have come i know we're close but he is his own cottage industry just churn ing it out and groupies she said by the thousands so catch
her reports in the meantime if what warren buffett is saying is true i have no reason to doubt that isn't but what does that say about the economy, what does that say about the president's ongoing push to recognize how tax cuts have helped the economy so in a way it's a guy who wasn't an early backer or a big believer in donald trump actually saying that the economy that is sort of generated and taken off with him as president is looking good, for everybody. democratic republican alike, after this. prudential asked these couples: how much money do you think you'll need in retirement? then we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges.
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leading conservative the opposition john cox. to jerry brown's sanctuary state. and chairman of the initiative campaign to repeal the gas tax. join me and let's make california great again. neil: this is moscow, today, this is a rally that was supposed to be only a few participating, and then a hundred came and 200 and 300 now we're told hundreds that have
already been arrested and it is not going well. now what they're protesting there is vladimir putin on the verge of getting inaugurated for a fourth term not consecutively but this was something originally the opposition party, no big fans of the president, say that he rigged the election say that he's bad for russia and they don't like him. and this is how the government is responding there, rounding these guys up and arresting if they can, beating the crap out of them, as they are, so we're keeping an eye on it here but this has gone from just a little bit upsetting to well, actually a lot more than that so we'll keep an eye on this in the meantime back in this country keeping an eye on the president of the united states out to go to cleveland, right now where he's going to be talking up tax cuts, a very interesting time to do just that as democrats are using those tax cuts as sort of fire for taking control of the house, nancy pelosi leading the effort to say they're still crumbs even marco rubio saying they didn't help individuals enough on the republican side obviously the president trying
to say for small and medium-size businesses the likes of which he'll be meeting in cleveland, so there's that let's get the read from john layfield fox business network charlie gasparino and deirdre bolton. so john layfield, he is going to be saying no matter what you're hearing, look at the earnings. look at the economy, look at the fallout, look at your paycheck is it working? >> absolutely i think the unemployment rate is 3.8% which is the lowest in 50 years since lyndon johnson which is after the johnson tax cuts of 1964 that brought in lyndon johnson that's a huge number to hang your hat on. neil: but 3.9%. we're at 3.9% that's going to be a become number in the mid-term elections and also earnings growth going forward at 20% in the ninth year of a bull market that is huge and about $0.07, 7% of that is attributed to tax cuts all because of president trump's tax cuts i think that's where you hang your hat.
neil: he certainly weighed in the earnings haven't they? charlie: good for earnings, unemployment the raw number looks really good and i'll just say one thing and i'll get killed by facebook and twitter -- neil: yeah you've got to watch. charlie: look at wages. wage growth has been pretty meager. if you look at where wages are right now i saw a chart today in the times it's about where it was when obama left office. neil: hang on. something happened to your mic. i think the white house just cut it. but we're going to fix that right out here. charlie: making a great point. neil: [laughter] that's so weird the first thing he said critical of the president, that's it. all right deirdre what do you make one of the thins that's come up again and again is its disproportionately weighted to the tax cuts and then the corporation and that individuals aren't feeling, i don't, every individual i talk to of any political sees it knows about it
, feels it so i don't know if that's altogether true whether they take it on republicans that rich guys or companies have got more than that i don't know but i don't see that argument holding but -- >> well i like the earnings performance especially with what we've seen in technology and if you are investing in the market its been great. apple announces $100 billion share buyback which a lot of people criticize and said see this is why we didn't want corporations to get the tax break but on the flip side if you're an apple shareholder you had a pretty good day that is the biggest buyback on record but to charlie's point the wage growth which in my terms was muted, right? 2.6% and if you look at most employment analysts they say for most americans to feel like there's a competitive job market meaning you can go across the street to the cop peteing shop and say i'm worth 20% more and you need a number around 3.9%. neil: we might get there right?
charlie: maybe, here is the odd thing about this, i think is that when i talk to small business people, people that run businesses with market caps i would say between 500 million to 3 billion, and you know, these are factories. they say there's wage pressure. they say they're starting to feel wage pressure now. neil: that number will go up. charlie: it should but here is the problem it hasn't and it looks like what we have in this recovery just on the normal economy is that we have companies that find it cheaper to give people bonuses rather than wages. we have employment that's unemployment going way down, 3.9 % but a lot of people dropped out of the workforce. that's why we don't really have wage pressure right now, and you know, listen if you're a coder, you can get a good job. if you want to flip hamburgers or work at wal-mart -- neil: you real quickly we're 20 seconds away, you think we're still getting the bang for the buck from these tax cuts? >> no doubt about it. i agree about wage pressure and
consumer spending we should both be going out. neil: i know you guys come back the next hour i apologize for your microphone problem but it's working now. sad, a little more after this. charlie: [laughter] erving. it was my very first car accident. we were hit from behind. i called usaa and the first thing they asked was 'are you ok?' they always thank you for your service, which is nice because as a spouse you serve too. ... a quote today.
>> all right. these protests are still going on in russia here. we're going to keep you posted on them right now. they are protesting the imminent inauguration of vladimir putin as leader of russia. it got very, very violent and new footage is coming in. they've rounded up hundreds. it's gotten increasingly violent here. we'll keep you posted on that. new developments in the russia probe that seem to be going on and on and on and two fbi officials who worked under fired head james comey. you know their names, lisa page, an and michael flynn said
his brother never lied. and and told that flynn did not at least intentionally lie to investigators. and ripping against paul manafort accusing them of lying and using unfettered power to target donald trump. manafort's people want the charges dropped. a judge could drop many. and the russian probe is ruining his finances. >> thank for inviting me, neil. love your show. >> neil: with an is your sense of where it's going? i found is intriguing when you intimated at least from what you were experiencing,this is going wider and farther than you originally thought. could you explain? >> sure, when i first got out
of the mueller investigation conference room. i was pretty intimidated because it made it clear that they were watching me on television and noting what i commented and it felt to me like a rng with a, but you know, when i came out of that room, within six, seven hours of going on a couple of fox shows, my go-fund-me went through the roof at caputo legal defense and i felt unfettered and freed, all they can do is call me back and cost me more legal fees. i've got to tell you what i saw in the mueller investigation interview showed me i don't think they're really anywhere on this. if i'm some kind of a person that is central to the-- as a witness, to this probe, the questions they were asking me, they were all dry holes, everything. of course, i wouldn't have heard anything about obstruction allegations or financial crime allegations because i wasn't near any of that. i was on the campaign from december 15 to june 2016, but
for me it's all about russian collusion with those folks over at the mueller operation and they got nothing. >> neil: so, i don't want to get you in any trouble, but despite this go-fund-me page, but what kind of general areas were they getting into? >> well, i've got to be careful about that, but i'm dancing close to the line of propriety every time and i know the folks at the mueller operation are watching so they can get out their pens if they want to. they're asking questions about a lot of my friends on the campaign and they're still focused on the e-mails, they're still focused on the leaks. they're still focused on the wiki guccifer accounts on twitter. i never talked about the president of the united states. he came up peripherally in some of the questions. and i was never asked about anybody would the last name trump. it was interesting to note that. in addition, neil, every single question they asked me, they knew the answer to and they had
the proof right in front of them of the answer. it wasn't like they were trying to find anything out from me, neil. they wanted me to answer incorrectly and to me, that-- even though i'm a witness in this probe i think they wanted moo to flip me into a subject in that interview. >> neil: that you might perfecting -- purger yourself. >> i won't say the word too much for a guy getting out of office, but they wanted to jam me up. whatever that strategy was, it didn't work because the truth of the matter is and the truth i gave them along the way, there is no russian collusion, zero, zilch, nada, nothing i saw, nothing i heard about and i can't believe anywhere that donald trump or even paul manafort would bring the russian intelligence services into our campaign. >> neil: all right. so when you hear these reports of, you know, agents storming offices, either michael cohen,
the president's personal lawyer, his office and paul manafort's home about a year back and all, what do you think of that. you didn't have to endure any of that. those are pretty severe tactics to take to get stuff. and. >> it is. >> neil: where do you think they're going? >> when i first started-- when this whole thing started, i was kind of optimistic about bob mueller and i knew him as an honest and decent man and i still think he's an honest and decent man. i was optimistic about the investigation, i'm not so sanguine now. the of raids on manafort's home and they pulled his wife out of bed in her night cloths and may optimism waned. and when they maded the president's attorney's office, i thought this is it for us, it's it for all of us, there's nothing they won't do and who isn't in the investigation will be in the investigation. who isn't, indicted is going to
be indicted. who isn't in jail is going to be in jail. in my mind this thing is headed off the rail and the raid on cohen's office and home was the inflection point i decided i can't stand by and close my mouth anymore, that's why i told the senate to go to hell. >> neil: michael, if you're hearing me, i want to take this to the break and push our democratic house and committee member down on this, but i do want to obviously talk to the congressman. but one thing that's come up in this and you heard about the judge dealing with the paul manafort case who said and chastised mueller's team for going what seemed to be far afield from whatever the origin tent of of this investigation was on collusion, a seemed at that lot of the questions that were directed on you at the outset seemed to be in and around collusion issues, in and around folks other than those named trump, am i right? >> correct. and inside and outside the
campaign, they still think they're onto something, but i've got to tell you in my three hours in front of the mueller team, i think i shut down some of those avenues. i don't think they really have anything. at least nothing they asked me about, none of the people i know and then none of the answers-- none of the questions they asked me and the answers i gave them led them any further down that primrose path. i don't think there's any collusion, and honest to god, neil, they have everything on this campaign. they have-- i mean, just everything, e-mails, whatever, and everything they needed, chapter and verse on the campaign. they know right now more about the campaign than any one person who worked there would ever know, and they don't have anything stars i can tell the questions didn't go that direction. >> neil: that's what i was asking to ask you, sorry for jumping on you. was it your sense they were going in a different area or seems to me looking at business transactions, some going back years that it's veered down another path?
maybe that didn't directly involve you and maybe they didn't ask you about any of that, but it does team like wherever they're going isn't where they originally were going . >> no doubt, neil, what i can tell you resolutely, they're not finding anything in the russia collusion arena if they're going to get the president and somebody around the president it's not going to be russian collusion. after sitting in that interview they knew every question of every answer to question, and understanding what they were trying to do to me, i would not advise the president to go in front of this group at all. >> neil: you think it would be rigged against him? >> i think it's rigged against all of us. the way they go about this entire prosecution seemed to be against them and maybe it was rigged against clinton and bush in their special investigations, maybe the system is messed up. whatever the history tells us right now it's a rigged game and i do not want to go in front of
them again, but thank goodness because of my go-fund-me account i'm not afraid to because the only thing they have on me and all of my friends is that they're trying to drive us broke. that's the punishment. >> neil: did they tell you that they want to to talk to you again? >> they said right now we don't, but we'll be watching you on television. >> neil: they literally said that? >> well in so much words and they're careful. he said, mr. caputo, we watch on television and what you say, and you have a nice day. >> now, did they ever threaten you? >> no, no, i tell you it felt intimidating. i watched a lot of law and order and i was ready for that and i have a great attorney who had me prepared for anything. i think these guys are-- i don't know in my interview i didn't see anything untoward. they're intimidating, you know, and i think they're meant to be. and i won't be friending them on
facebook anytime soon. >> neil: they didn't ask you any questions about the president or anyone else named trump. >> no, not directly. if somebody's name came up as being in a meeting or in a discussion, sure. but they didn't seem to be looking at the president or any of his family. >> neil: did they ask you about any business dealings, yours or anyone else you knew? >> no, i wouldn't know about that. they did ask me about some of my business. it seemed to be peripherally related, but it is what it is. and i'll tell you, if they're coming up with something, it's not going to be russian collusion. >> neil: michael, the president has called this a witch hunt. do you think it's a witch hunt? >> i hate to use that word because i have a lot of respect for the fbi and i have a lot of respect for the rule of law and the department of justice. i think after sitting through that, they're hunting some supernatural creature, maybe it's a witch, maybe a witch or two, but they're setting traps all over the place for those witches. i nearly walked into one on
wednesday as far as i'm concerned and i never want to go back, but i tell you what, the people who have donated to my legal fund should be looking at the legal funds of other people, too, because i'm not the only guy out there who is afraid to say anything and afraid to go in the media because they've been in front of mueller. there's a lot of people afraid because of the expense. not because of some degree of guilt. and i was shocked by how fast people gave to my legal fund. i think that people who are out there afraid to speak should go ahead and try and raise money this way. they'll understand that the backers of trump are stepping up for us. >> neil: wow. michael caputo, thank you very much. >> thank you, neil. >> neil: we'll have more after this. today, 97% of employers agree
mueller campaign and it is seemingly going beyond the russia investigation, if we take a read on it. and from the beautiful state of california, congressman, thank you for your patience and thank you for joining us on a saturday. what did you make of what mr. caputo is saying? >> i've interviewed mr. caputo, also, neil. it's a serious investigation and he and other witnesses should expect serious questions. this team has shown that they are going to be as aggressive in finding out what happened as many trump family members, trump campaign members, trump business organizations members have been aggressive in trying to ep keep us from finding out what happened. they're willing to do what the house committee was not willing to do. subpoena records. that's why mr. caputo was confronted with records that they already knew. you can cooperate whether they're telling the truth or see whether there are contradictions
and that may mean there's other information you may need to find. >> neil: you know a lot more than i know about this, congressman. you're much closer than i certainly am or ever will be, but i get a lot of hints from mr. caputo and others seemingly saying, whatever this investigation started out to be, it's veered from that and to his point about being asked very little about russian collusion, the judge who is hearing the paul manafort case, his people, the former campaign chairman, asking that all charges be dropped that he has criticized mueller folks going above and beyond and leveraging off charges for other charges. something seems to have gotten out of control. the president as you know called it a witch hunt. >> the investigation is very much under control. it actually hasn't even been a year long since bob mueller has been put in place. these investigations typically take years. you have foreign witnesses, complicated financial
transactions, a number of people using different communication plastic forms, travelling all over the globe. i will say they seem to be moving quite expeditiously, what i've seen on our committee. the rushes-- russians hacked e-mails and to popadopolous and donald trump, jr. and invited russia to hack further. and there are things to-- >> we certainly don't know that. i want your take on a couple of very big issues that at least my thick skull could get through and help me with this. do you think that where we stand now, that you've gotten any information to the extent that the election was turned on this whole russian collusion thing. that without it, donald trump would not be president today? do you think that's true? >> sadly, neil, we didn't have an investigation that would have allowed us to determine that.
our investigation prematurely ended-- >> do you think that's the case? >> over 100 million people saw russia influenced ads or russia paid for ads. i don't know what effect that had on the american people i just know that the russians did it. if the trump team was willing to work with it. that's why i wrote to have a bill to have a commission of bipartisan elders to look at this so we don't have this again. i don't want this again in this coming november and-- >> i don't want to put words in your mouth, sir, but you seem to be saying that the russians did influence the outcome and nothing that i can see yet has shown any remote evidence of that. >> well, there's two different things we're talking about here. whether minds were changed because of the hacked e-mails and the weaponization of social media, that's immeasurable.
>> neil: and unprovable. >> and how it would change the ballot box, we didn't see evident of that. we know that they went into voter registration, and we don't know what they did or were trying to do. i think we should unite as democrats and republicans, harden the ballot box, put a duty to report on social media companies if they see coordinated activity. and i have legislation i'm introducing this week to put a duty on any individual contacted by an agent of foreign power offering dirt on your opponent. >> neil: just to step way, way back from this, congressman, the big aerial view that hillary clinton might have just been a bad candidate and lost on her own inability? >> hey, neil, we also have democrats have to be honest with ourselves there are a lot of people out here that felt very disconnected and the opportunity was farther and farther out of reach. people who voted for barack obama and then voted for donald trump. we have to go back to the
people, look them in the eye and tell what we'll do for their jobs, health care and kids and that's something we have to be honest about and i'm doing that, i know my colleagues are, too. >> neil: congressman, i'd be remiss, the president in cleveland, and dallas yesterday at the n.r.a. convention and that's still ongoing and you are proposing an assault on-- i'm sorry, a ban on all assault weapons, that's something the n.r.a. opposes. the president is not a supporter of that. what's the likely reception you're to get? >> neil, i hope that people support it. a majority of americans support a ban on assault weapons. i was a prosecutor. i've seen the damage they can do to an individual. there's about 15 million of them right now. i'm proposing that we buy them back, so people are complicated or limit their use only to gun ranges and gun hunting clubs. a child's right to learn and come home safely to their parents, and right to live, frankly, to me is more supreme than any other right and i don't
see the assault weapons covered. the weapons of war covered under the second amendment. >> congressman, thank you very much for taking the time. we appreciate that. >> sure. congressman from california, a little more. to start my business. but as it grew bigger and bigger, it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet?
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>> all right. the president with a throng right now in cleveland, arrived a short time ago. he's going to have a pow wow with business leaders and he says that's a signature issue for republicans and they should own it, that seems to be the case right now in ohio. and a state he won handily on his way to being the president of the united states. and the wind at a his back, the upcoming meeting we don't know the time and place with the north korean leader.
and she said don't be ahead of yourself on this one and she does say, enter this with some caution and some clear-eyed reality. claudia, thanks for coming in. >> great to be here. >> neil: you reminded me in your own way, which i love, it's nice to look at the nice kim jong-un, but let's not forget that the same kim jong-un was launching missiles left and right and threatening the world just a few months ago. which is the real one, do you think? >> the real one is the one who tested what was probably a hydrogen bomb last september and bragged about it. the real kim jong-un is the one who returned the american college student otto warmbier to america to die in a horribly rounded state to die in front of his parents after more than a year of incommunicado detention. the real kim jong-un, neil, is
the dictator of the world's most repressive totalitarian state. >> neil: so how should the president enter this? he has already said, claudia, he would up and leave the table if it looked like the talks were going nowhere, i don't know what would define that, but you do. what would be the kind of thing that you would say this isn't worth the time. >> we should look at all of this with enormous skepticism. it's hard to conceive of any deal that could genuinely be enforced that would really defang north korea. where it's not only nuclear weapons that are dangerous and it's also biological weapons program, chemical weapons program, the conventional weapons with which it has threatened south korea, especially the capital seoul, for decades with which it launched the korean war in 1950 and i think that the best president trump--
approach that he could take here would be basically to listen to kim jong-un and make sure that kim jong-un who is surrounded by sycopha sycophant, really, including his sister, has the message that america is willing to obliterate him and i think that president trump should leave and let him think about that. neil, there's no deal short of regime change that's going to stick in north korea. >> neil: reminding people that we're making a big deal that it's a couple of months since his last missile test and that's unusual. >> yes. >> neil: but you've remind me he's gone farther as his last father, between tests? >> the things portrayed right now by north korea and to some extent, i think, by the trump administration as concessions by north korea, are not actually concessions. they're kind of throw aways.
a freeze on nuclear tests, well, north korea went four years between its second and third nuclear test. 2009 to 2013. and during that time. they're doing research, they're figuring out how to improve the warheads, they're doing business with places like iran and missiles and possibly nuclear technology. and then he moved right along to a series of further tests and actually, the longest-- there was an eight-month pause last year between a january test and the september test. that was eight months. that's about the length of time it's been since that hydrogen-- or apparent hydrogen bomb test last september. so, we're not into terrain where there's some sort of special concession, as far as a pause on nuclear tests. what we've seen so far is what i call the normal north korean pause of logistics for its nuclear program. they don't test every day, nobody does.
so it was a throw away and also, neil, the nuclear-- the underground test state that they've used for every one of the six tests since 2006, there have been reports unconfirmed, but quite interesting, that it is not stable. okay? they've touched fixed nuclear warheads under this mountain. it's quite possible that they need to shut it down in any event, develop another site, tweak, whatever they've got there. so, again, the offer to shut down the retest site, i don't think that means anything. you know, you can go on in this vein, unfortunately, quite -- north korea has shuttered nuclear facilities before. it does that, with every nuclear deal. >> neil: wow. >> guess what it does? it reopens them. >> neil: amazing. >> so, again, all of these things are playing as concessions, this is tinsel and glitter. this is not actually not korea opening itself up and actually kim jong-un and the president of
south korea moon jae-in frolicking hand in hand, again, that doesn't do anything. what it says for north korean propaganda purposes is that kim jong-un set part in south korea, the part of the peninsula i think there's straight evidence he still wants to subjugate. >> neil: you're kind of bumming me out, but we should enter it with eyes wide open to your point. >> absolutely, yes. >> neil: clauda, is foreign policy fellow, and a thorn in the side of some of these guys. and the school protests since the florida tragic shooting. there was another walkout in the past week for second amendment rights, too. a key player in that after this. ! i'm carl and i'm a broker. do you offer $4.95 online equity trades? great question.
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the n.r.a. is holding its annual meeting in dallas right now and this fellow not a fan, addressing an audience of those who are against the n.r.a. and proliferation of guns in this country. will riley is not one of them. he was at a rally earlier, stand for the second as in the second amendment, the right to bear arms and he joins us right now. i had him on my show just less than a week ago and got an enormous reaction to this young man. will riley, good to have you back. >> yes, thank you for having me on again. >> neil: i remember you were saying, and i was struck by the fact you're not a big gun owner or advocate in and of itself, you feel it's lost in the middle of a debate and other protests and student walkouts and they have a constitutional right to do it, but targeting guns per se that that you didn't like. did i get that right? >> yes. well, you know, as far as how i'm concerned with this issue, it's not about me getting to keep my guns.
i don't have any. it's about people's rights and so, i think that's how we need to focus on this. you know, people forget that the right to bear arms is just that, it's a right. it can't be taken away by repealing the second amendment. you can only violate a right, you can't take it away. >> neil: in florida what they're doing after the shooting, you still have the rights, but you have to be 21 to get your hands on assault weapons, what do you think of that. >> well, i think it's a very dangerous to precedent to set that you may not be able to exercise your natural right until you are above the age that we've considered for adult hood. if you're someone allowed to vote, allowed to serve in the military, i think you also need to be allowed to own a gun and i don't think that there needs to be a double standard there. >> neil: you know, the media made much, will, of the fact there weren't nearly as many doing a second amendment walkout as there were for those just doing prior walkouts that have
involved targeting guns and students up accept about the proliferation of guns after this florida shooting. in other words, the read more people side with those students than they do with you. >> yeah, you know, that-- i mean, we pride ourselves on actually being an organic and grass roots movement. i think if you look at our backers, we have the people patriots are sending t-shirts to our student organizers, other than that we didn't have a lot of outside help. this is student-led and student-driven. if you look at the enough walkouts, they've got a list of donors that will take you a few minutes to read. i would say another factor that went into smaller tournout we'v had discrimination across the country. schools that may have totally encouraged students to participate in the anti-gun walkout. actively attempted to discourage this walkout. >> neil: when you hear there's a
move afoot-- we had a congressman on earlier, eric swalwell of california who wants to ban all assault weapons. what do you think of that? >> well, i would say, you know, i heard his interview and you know, he said that he doesn't think that assault weapons are covered by the second amendment. well, the second amendment is intended for national defense and it's intended towards defense against tyranny and it's meant that the people are protected well enough against tyranny in the government. i think that whatever is necessary to protect the people and our liberties, that's what the second amendment covers. >> neil: it's a free country, both sides are free to do what they want to do. will riley, stand for the second, organizers. good to see you again. >> thank you. >> neil: tom price, you remember him the former health and human services secretary he got in hot water over comments he made about removing the obamacare
mandate and responding increase in health costs. what are you talking about? he wants to clarify what he was talking about. you're not technically wrong. even the cbo said that it would raise the cost removing that because, obviously, those people who can't afford it then leave it to those who presumably can, stuck with higher premiums so they actually agreed with your premise. >> yeah, neil. thanks so much. great to be back on your show. look, repealing the individual mandate is important because the individual mandate forces people to buy what they don't want to buy, drives up costs and decreases choices. those are all bad things for the consumer. the fact of the matter is when you end the penalty for the individual mandate then people who don't want to buy it don't. the people left in that pool then have to share a cost that may be greater. but absent other reforms, that's what happens, but the important thing is that we need other reforms and that's why i am so
excited to be working with a group job creators network on association health plans and trying to make certain that we have those other alternatives, especially for those folks in the individual and small group market. >> neil: but we don't have those reforms right now. so when-- as things are right now you take the individual mandate away or demand that you get coverage, premiums are going to go up by an average of 10% coming from the cbo. do you agree with that, that at the very least that's what we're looking at short of these additional measures? >> this is simple math and the cbo estimates 10%. the premium benchmark plans are going up 60%. so the portion of that, the fewer individuals in the pool then that may very well be, but the real driver of increase in cost is decreasing choices and forcing people to buy what they don't necessarily want. >> neil: i understand what you're saying, but you can see how people come to that conclusion. >> sure. >> neil: short of the additional steps you want to see taken and many in your party arguing and
saying costs are going up by removing that individual mandate. for whatever meritorious reasons, they can't get it, they opt out and people who are left have to pay more for the coverage they had. so they're looking at a great triumph that you are and saying that, it's not a triumph for me. i'm getting zoomed here. >> that's why you need the other reforms and excited to have the department of labor and-- >> i understand and republican are bragging about removing the individual mandate and they have a perfectly sound reason to, government burden an or whatever, they're technically endorsing for a lot of folks raising the cost of getting insurance. >> obamacare raised the cost of getting insurance. ending it will reduce the cost of insurance. >> neil: and again, there are many agree here, government intrusion, big step and all that. >> sure. >> neil: removing it solely now and nothing else now, whatever you say about that burden, it is going to increase the burden for those who want to get coverage
through this system for the time being, right? >> and that's resize ll ll lres- that's precisely what i said at the coverages. absent reforms, it looks like what we're doing is turning the he can change market into a high risk pool, but without the benefit of the planning and appropriate construct for a high risk pool. so it looks like the exchanges, about 11 million people who have gotten them, the costs have increased significantly and it looks like they look more like high risk pools. if that's what we want, many people believe we have high risk pools. i have be been one of them. if you construct them the right way you have folks covered with the right insurance at the right cost for all individuals. >> neil: and hearing what you said about this, i understand how and why you said what you said, your concerns are valid, longer term goals, and marco rubio this week bemoaning that more individuals didn't benefit from the tax cut. that's a one on two whammy from
two prominent republicans for this issue. what do you think. >> surprise, surprise, the other side wants to politicize the conversation. would we were able to have a calm conversation about something so important such as health reform. health reform is so necessary because we've got many individuals who weren't able to purchase coverage. 28 million individuals who don't have health coverage, that's a problem and that's what the administration is trying to fix. >> neil: secretary, thank you for taking the time. and more on this. the latest on the caravan, virtually all have been processed. that's not the end of it. man, oh, man, that's not the end of it. so i'm not happy unless my hands are dirty. between running a business and four kids, we're busy. auto insurance, homeowner's insurance, life insurance policies. knowing that usaa will always have my back... that's just one less thing you have to worry about. i couldn't imagine going anywhere else. they're like a friend of the family.
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a portion of the group. and now we'll go to the national border patrol council president. brandon, nice to have you. what do they do now? >> they're make ago mockery of our system. once they're processed they're released into the united states at which time they'll be expected to show up in two years from now. neil: are this he -- are they released into the united states? i thought maybe they were going to mexico. >> if it was canada we'd release them to canada, but with mexico we can't do that. all the individuals that were processed and then released into the united states, which the majority are going to be released into the united states, they're going to be expected to show up at a court appearance sometime down the road, about two years from now. neil: two years? >> the problem is-- >> two years you say? >> exactly, exactly.
and then they're not going to show up. so when you see these groups like is saying, well, these people are doing it the right way. that's not true. the other thing is, why did they come to our port of entry? if this wasn't a political issue, if they weren't trying to politicize this issue why didn't they do it through the process that almost everybody else has to do, which is to go to the consulate in their country and apply for asylum. instead, they made a big deal of this issue, and again, it's making a mockery of our system. neil: all right. now, how many do you think would be legitimate asylum cases? i'm told when all is said and done about 20 to 30 of the roughly 300. is that right? >> it's about 20%. i mean, if you look at the asylum cases only about 20% of those people that actually seek asylum are given asylum. neil: wow. all right. well, we'll watch it closely. national border patrol council
president. can you imagine that? two years. a lot of you might have heard earlier on, someone who had been through the grinder when it comes to the bob mueller investigations, a warning for the president, do not, not, not, not, talk to them. the fallout from that after this. prudential asked these couples: how much money do you think you'll need in retirement? then we found out how many years that money would last them. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges.
that violent crime went up 18% in san francisco. in la, mayor antonio villaraigosa put more police on the streets and cut violent crime in half. california's police chiefs trust antonio for governor. >> do you think it's a witch hunt? >> i hate to use that word because i have a lot of respect for the fbi and i have a lot of respect for the rule of law and the department of justice. i think after sitting through that, they're hunting some supernatural creature, maybe it's a witch, maybe it's a witch or two, but they're setting traps all over the place for those witches. neil: that was michael caputo. we're getting a lot of reaction
to it, a chat with the former trump campaign aide questioned by bob mueller and his team. it went into a lot of directions far afield from collusion so if you accept that at face value ap the judge in the paul manafort campaign and the former campaign manager for donald trump, wants all the charges dropped. and what's this pile on about? you have to wonder, where is this going? what is happening? back with my buddies charlie gasperino, deirdre bolton. where is this going. >> the president said i'd love to sit down with the-- >> computer says bad idea, don't entertain it. >> and former mayor guiliani says if it happens, two to three hours maximum and a narrow set of questions. i think pretty bad idea. i would rather not see it happen just as an investor, as somebody watching the markets. i would just rather this kind of stay on simmer.
neil: john, and what deirdre said that, i wonder what the market reaction would be if we hear the president's agreed to talk to mueller? >> i think the market is going to be very apprehensive, if he talks to them and it works out well, the market would be happy. i would not recommend this under any circumstance whatsoever. you talk about sanctity of the fbi and wouldn't want to besmirch this administration. and this is jay edgar hoover. this guy went after albert einstein and the beatle. neil: the beatles had it coming. >> and martin luther king, jr. and the government has been doing this for years. neil: the question i asked was nothing know do with what i thought it would be. >> unfortunately for the president i think he's going to have to testify. neil: do you really? >> from an optics standpoint, he says no, he looks guilty techly going into the mid terms and rod
rosenstein should probably be fired, here is why. neil: deputy attorney general. >> you look at the mandate he gave mueller, it's not just russian collusion, it's look at everything. and really, should the taxpayer how be footing the bill for what is a wide-ranging investigation into trump? how do i know it's been wide-ranging? i've spoken to people interviewed by mueller. they're looking at business ties going way back and asking people people like sam nunberg have you ever heard anybody speak russian in trump tower. neil: to that point. i want to bring out another comment from michael caputo who validates what you just said. at least on what kind of questions they're asking him. >> the matter is, and the truth that i gave nem along the way is that there's no russian collusion, zero, zilch, nada, nothing i saw, nothing i heard about i can't believe anywith
are that donald trump or even paul manafort would bring russian intelligence services into our campaign. neil: furthermore, the name trump, the case of the father, the son, the family, never came up. >> i don't know if this is different or not than what happened in the clinton administration. it was whitewater looking into every every single b l le bad estate deal and-- >> discussions of the intern. has this veered way beyond-- >> i feel it's getting toward that. >> it's obstruction, that he obstructed a noncrime. and by the way, for the lay person out there, james comey brought a very famous case of obstruction on a noncrime. it was against martha stewart. she did not-- they did not charge her for insider trading. they charged her because they couldn't prove it from a criminal standpoint, they charged her for trying to cover up something that kind of looked like insider trading that she was afraid to get out.
neil: what happened. you had a good reaction-- >> she went to jail for that by the way. neil: charlie, your reaction to what john was saying, the markets, if the president agreed to talk to bob mueller. what do they do? >> inge i think he almost has to talk. neil: i know that, what would happen? i think they would gyrate wildly. >> i'm with that. >> listen, if he goes in there and says, listen, i told them the truth i'm not getting charged, it's over. if it looks positive the markets are going to trade up on anything positive. neil: i'm not a lawyer, but i watch a lot of law shows and i think i qualify. >> perry mason. neil: a lot of people told me just because you're not a target, you could become one. and would the president be setting himself up to become a target? >> absolutely. because we don't know what mueller has. this could be the biggest witch hunt of the century and tangible there. what they are pe going after now-- what they're not tangible, manafort and 2000 bank fraud has
something to do with the 2016 election, there's no connection there. they want a witness. there's no connection except they want something on this guy so he turns on president trump. and they're chasing rabbits. >> i agree, but have you seen the roger stone stuff? i've known stone for years and i know michael-- and roger, everyone thinks he's crazy. neil: who is roger stone. >> a political consultant. worked for nixon, reagan, known as a rat-blanker. 's tough on the campaign trail. they're investigating whether he had some dealings with julian assange to hack into the democratic party's i guess e-mails and release them. and the way they're going about it, it sounds so dumb. there was a report and cnbc he might have met with rick gates one of the guys now who worked for paul manafort who has now
cut a deal with the fed. neil: that's caputo's point. think about that, he met with them and stone said i met with him once, we had dinner maybe. neil: a dinner i think what you're concerned how the markets are reacting is the same thing. whether they know the details or not would add another element, exoboy. >> uncertainty and put it on top of what we're worried about for fundamental reasons. you heard from liz claman's guest, berkshire hathaway's warren buffett say a trade war wouldn't be-- >> in the market thing, it's going nowhere. >> they're more worried about trade. neil: that's exactly the point, but i think that this could be a black swan development for good or bad. unexpected, and unforced error on the administration. >> and scandals had basically no effect on the markets. two impeachments, andrew
jackson and bill clinton, they didn't. with nixon, dragged through the summer of '73, it was other factors weighed. the oil embargo. neil: the uncertainty of it ahead of time. the uncertainty certainly had your, certainly hurts our country. i think the biggest issue with the trade war mitigated and any problem that could occur in north korea which seems to be mitigated as well. neil: we get a north korean deal does it offset whatever we get on this side? >> yes. >> nixon cut all sorts of amazing-- >> nixon was great in china. neil: we get a north korean deal, what do you think. >> i think yes it cancels out who-- >> everything else? >> absolutely. >> you get a north korean deal people won't care about stormy daniels and-- >> we get a north korean deal and a trade war. >> that's not good. and this is much i do, a reminder we've got very big primary races across a number of key states, we'll be following
that on fox business at 8 p.m. your money, your politics, your life. it's important to you, we just don't mail it in like other business networks, for example, that will be on tupperware commercials. we believe you deserve more. we continue now on fox. ♪ >> president trump arriving in cleveland, ohio, just a couple of minutes ago. he's here to tout the benefits of his tax cuts at a small business round table. elizabeth: the state of hawaii declaring a state of emergency after a erupting volcano on the island causing a earthquake and damage. leland: the buckeye state heads to the primary polls on tuesday and capitol hill where both parties are fighting for control this november in the midterm election.