tv Your World With Neil Cavuto FOX News March 29, 2019 1:00pm-2:00pm PDT
hill and the public by mid-april or sooner. about 400 pages long and offers to testify before the house and senate on may 1 in the senate and may 2 in the house. we will be all over this story, as i mentioned, with neil cavuto next. don't forget the president taking reporters questions moments from now. i'm ed henry in for shep. >> neil: the attorney general of the united states, william barr, saying a redacted krergs of the mueller report is going to be handed over to congress maybe in a couple of weeks. welcome, good to have you, neil cavuto. a lot of people were surprised by the timing of this, the markets enjoyed the reaction to this, mike emmanuel on capitol hill, what exactly ignited this response. >> neil, good in a afternoon. the letter is dated today and sent to lindsay graham and house judiciary chairman jerry nadler. he writes the mueller report
will be released mid-april if not sooner and along in the process. this comes as six house democratic chairs were pressing the attorney general to turn tuesday. fox has been reporting it would be a matter of weeks and not months in the letter backing it up. in terms of material that will be redacted, some subject to criminal procedure which cannot be made public. potential material which the intelligence community could say is compromising sources and message and materials that could affect other downgoing matters, some the special counsel has passed along to justice department offices. barr notes although the president would have the right to assert executive privilege over certain parts of the report, the president has said publicly he intends to defer to the attorney general, so the attorney general says there are no plans to sub miment the report to the white house for a privilege review. but there's been a whole lot of heat on capitol hill to release the report including this from
the house speaker. >> show us the report and we can draw our own conclusions. we don't need you interping for us. it was con descending, it was arrogant, and wasn't the right thing to do. >> barr notes the special counsel's report is nearly 400 pages long and he blooefls it is appropriate for him to defense on may 1 at at the house judiciary committee. neil. >> neil: thank you very much. to john roberts at the white house, what we could be hearing from the president who is travelling in florida right now, john? >> the president is going to have a media availability in just a couple of minutes. the administrator of the small business administration, linda mcmahon, is going to be stepping down. the president has already invited the cameras to mar a lago, he will be addressing the cameras soon and get at least a couple of questions on this we expect. it is surprising to some people that the white house counsel's
office will not be involved in nil of the process of vetting this. the president according to the attorney general, has turned all of the sthort for determining -- authority for determining what is releasable and what is not ore to the attorney jinl. and that includes matters of executive privilege. we had been led to believe, neil, that when it came to issues of executive privilege it would be the white house counsel and emmett flood that would be consulting along with the attorney general and robert mueller as to what could and could not be released. but now it looks as though the president has put his full faith and trust in the attorney general to determine what is releasable and what is not releasable. which really, is a very, very big deal. the president in grand rapids, michigan taking a victory lap here on the summary conclusions of the mueller report. not the finer details of the report itself. really going after the people who were perpetuating this for more than two years. listen here.
>> president trump: after three years of lies and smears and slander, the russia hoax is finally dead. [applause] the collusion delugs is over. i could have told that you 2 1/2 years, very easily. total exoneration, complete vindication. >> now on that point he gets an argument from democrats who say hold on on the issue have obstruction of justice, robert mueller said specifically this report does not exonerate the. . but there's no underlying finding of collusion, is enough to give the president reason to believe it is full vindication. i spoke with rudy guiliani, he said the president's outside legal team is fully comfortable with the responsibilitytor what
is and is not released to the public domain, lying with the attorney general. he believes also that there is nothing that would come out in this report that they could not rebut. it's also believed that it would be better for this to come out now in its entirety. guiliani told me, they would be fine with the whole thing going out there, whatever barr can release. and more. this idea, too, if there is something bad in the report, better to get it out now, when they can effectively rebut it, than to let it simmer for a year or maybe more, and have it leak out and to have try to go back and recover all of the data and all of the memories and all of that. rebut it then. better to get it all out now, than for it to come out in dribs and drabs at some future time period. >> neil: john roberts at the white house, thank you. as you point out, we could be hearing something from the president soon, he is travelling in florida, so when that happens we'll bring you right to it. the host of the daily briefing, fox news dana perino.
you know it's a big deal gain a joining me. >> dana: i was honored to be asked. >> neil: we're getting democratic response from kiersten gillebrand in new york, presidential candidate, make the report public, every page. >> dana: that's easy for a candidate to say, she doesn't have the responsibilities that the attorney general has. what he has laid out in this letter and what he laid out last sunday has been perfectly appropriate, shows he's a consummate professional that has just recently been confirmed by the united states senate. he says something in the letter, too, which is that he takes, some people have been concerned he summarized the report in 48 hours. makes clear in the letter, what i gave you is the bottom line. the bottom line is no collusion, and then he does address the issue of no obstruction of justice. >> neil: neither conration or no exoneration. >> dana: but not taking it any step further, not saying there's
toifd suggest that. >> neil: absolutely. obviously, if he said or characterized anything, that the mueller people didn't like, they would have pointed it out. >> dana: absolutely i believe if they felt that bill barr was misrepresenting the report that you would have known that, perhaps not directly from mueller but wouldn't have been a way to do that. >> neil: we're getting a report from the chairman of the committee that probably is the most aggressive against the characterizations of attorney general barr, jerry nadler saying, i informed the attorney general congress requires the full and complete mueller report without restrictions as well as underlying evidence by april 2. that deadline still stands. the plid april one is good enough. >> dana: that's tuesday. what i think bill barr is saying when we -- when the media said yesterday weeks not months, that could be eight weeks. but bill barr is saying that, i'm working very hard, i'm going to try to get it to you by mid-april. i think it's absolutely
appropriate that i should come and be a witness at a hearing that you would have, and i'm already scheduled in early may. but i guess he's saying if you need me earlier i can do that? >> neil: is this the new, make it clear, april 15 or whatever, isn't good enough, how is that going to carry? >> dana: here's the thing, i don't think bill barr is going to be pushed i these redactions are important to protect people for all of the reasons he lays out, i liken it to a game of "operation" you have to get in and pull the femur bone out, pull it directly out. nobody should be needlessly harmed from a reputational standpoint if they were an innocent and third party, got caught up in this. or as the report also says, there's classified information in here. the intelligence community might need to use it. we are going to be the responsible party, the executive branch, and we will provide what we can and i'll talk to you about it. there might be some
accommodation made with the chairman if he wants to see it behind closed doors. perhaps -- >> neil: clearly, even the sped-up delivery to getting it by mid-april isn't good enough. you have the executive branch waiving executive privilege in this case to get a rundown of what is going come out and how soon. mr. barr's office, that alone, is put eeg nor mouse trust on bill barr. >> dana: but this is how the special counsel law is written. if congress doesn't like that they can endeavor to change it. he's trying to follow the letter of the law and do something responsible. >> neil: when it came to rod rosenstein and the attorney general, we knew the attorneyge something. >> dana: not like he's saying i'll sweep it under the rug, i won't show up and not testify. he says i believe that the public has a right to see this, but it would be inappropriate to do so in a piecemeal information. >> neil: what do you think of the president saying i trust you
enough on get it out, i feel very confident that you will. i'm not looking at any special privilege. >> dana: having worked at d.o.j. and the white house, i think the way they're handling this is appropriate. i believe in the independent line for the justice department. and bill barr says, we are not going to go to the white house and run this by them before we release it to you. that should give any skeptics an enormous amount of comfort, this is going to be handled appropriately. the other thing is, nadler and others, i know what they're seeg to make a political point. they have very pif ol on thing away it from, maybe they will eventually but they won't do it in two weeks. >> neil: what their argument is, two weeks. >> dana: right, we waited two years, i think america will be fine in two weeks. >> neil: good point. dana, thank you, dana perino. doug burns joins us, former
prosecutor. doug, obviously showing a great deal of confidence of the president and his attorney general and the report itself for him to say go ahead, bring it out there, give to it people, whatever you can, i'm fine with it. what do you think? >> there's been political pivots, having nothing to do with this. as you have explained perfectly, the political pivots are we can't trust how the attorney general summarized this. this f. you break it down that's a silly argument, we'll find out when we see the report whether or not he accurately summarized it. and, again, sounds political on my part but legally it's incredibly unlikely that bill barr would not accurately do it. and i think i heard you say, neil that, the special counsel would have corrected him. the other pivots have to do with we want to see everything, and you heard pundit after pundit, legal expert after legal expert explain grand jury material, rule 6-e of the federal procedure, it's a crime to
disclose it without a court order. and it just goes on and on. the other big misstatement of law that's so interesting was the immediate political argument about how could you pivot back and punt back the decision on obstruction to the political people in the department f you just take a deep breath. the point is, everybody has to understand that the independent counsel sfat out lapsed, the special counsel arrangement is different, and the special counsel works with the a.g., reports to him, shares information with him. it is a little puzzling legally why after making the concrete final decision on collusion he would have said i'm sdpoeg on ask the a.g. and the deputy a.g. to make the final decision. but i think a lot of those answers will, in fact, come out when we see a little bit more of the report itself. i find it interesting as lawyer, just real quick, to see these political wild spins more than
wimbledon, you know, when you look, neil, at the legal part of it. pretty straightforward. >> neil: thank you, doug burjs. again, wall street seems to like this news, confident president, confident administration, confidently hoping to get this out as much of 4900 page report as they can, finishing the quarter on a strong up-note, the dow about 11.5%, nasdaq close to 17%, and the s&p 500, best performance in about a decade. up about 13%. buoyed by a big initial public offering for lyft, setting the stage for what investors hope will be more good things to come. stay with us. s thinking... could there be another around the corner? or could it turn out differently? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot...
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ahead of that, we also want to let you know as we teased in the last segment, the markets ended a strong quarter, in fact one of the strongest we've seen better than a decade, s&p 500. the latest developments didn't hurt matters any in the administration, was so confident that handing this over, that is to bill barr to release any and all details on the mueller report, must be confident that its findings are sound and the president will be beyond reproach. whatever the case, the attorney general is promising to release this is everybody in a couple of weeks, was promising develop don't investors and the lyft offering today, the rail hailing service soaring shall sets the stage for a strong up-market itself. that values the company north of $23 billion. for a lot of investors, could be good news to come. other companies coming public. let's go to michelle gerard and steven guilfoyle the outside of
the nyse. >> you saw all of these developments, whole lot of buying, lot of confidence, things are looking good, what do you think? >> well, i'll tell you, neil, i sat down and said one of five things i would tell neil cavuto and the person people about today, why it was so strong on the last day of the quarter. number one was the china trade deal talk, a lot of confidence coming in overnight from beijing, through europe. number two, new home sales, very strong, gave a boost to the atlanta feds look on first quarter gdp, the outweighed four numbers that we had for spending and income. the yield kur 6, the uninversion, the three-month finally went back almost to where it should be. the ten-year, sold that one a little bit, we have a little bit of space, we need more space so the fed needs to listen to larry cudlow, talking short term rates down half a point, they love
that, algorithms respond to keywords. and the s&p, 50-day simple moving average moved abefore 200, provides an algo myth many response. >> neil: the other effect of this, and i wonder, late in the day, the news that bill barr was going to release this report as much of it as he could, 400 plus pages, within a couple of weeks. some democrats are saying it should be sooner. but be that as it may, the confidence expressed to do that, eased a lot of nerves, didn't it? >> it did. i think the fact that the president is in no immediate legal jeopardy is a thing that the markets can hold on to as solidifying the geopolitical chaos domestically as well as internationally f the president is going to be in place, that's one less thing sfa as forerest gump would say. from the perspective of the u.s. china trade deal, i love larry cudlow, qualified for whatever you want but i don't any jay powell will listen, i don't
think the market reacts to that. the trade deal, once we get to see it, it's more important than the mueller report for the markets. we can find out how quickly the trade tariffs go away, how quickly we can get back to zero where we were when we made the new rise in the markets. >> neil: i'm going to be raising this back and north and recommendations for low interest in rates with steve moore, the president wants to appoint to the federal reserve, coming up later in the show. michelle, this notion that to take away the black swan developments, the fear factor, like the mumer report and everything else -- mueller report, i don't think it is the least to say wall street, really is not red or blue on these subjects, just like to get past uncertainty. this is one more uncertainty pushed aside. >> 100%, as you said, the political uncertainty is diminishing as well as the economic uncertainty. as you talk about, new home sales numbers are stronger today, we have better data, in
terms of consumer holding, so much pessimism about the economic outlook. you get reports like we have had today, that suggests maybe some of the recession worries are a little bit overdone. and whether it's larry cudlow, another low reading on inflation, the markets are beginning to understand that it is very possible that the fed could actually provide more accommodation. have the room to provide more accommodation later in the year, if the u.s. economy wants to falter. you see that in the steepening back out of the yield curve, uninversion of the yield curve, the market is gaining confidence that recession fears are easing because the fed will be there if the economy falters. that's been a big factor over the last week about the improvement in the continued value and equity prices. >> neil: we'll see what the. thinks of all of this. steve, one thing can you say,
unreservedly, the markets are getting back to fundamentals, and the ground they like to be on. not so much mitt cal uncertainty and whether the president is going survive the report, right? sarge? >> i tell you what, what could help if you speak to me ishgsd hah a kid going by on a big wheel. the u.s. treasury department has to pitch in. they have it within their power, we need to borrow a lot of money. we have all of these foreign accounts that need to buy safety, buy yield. limit's issue epic sized tenure, epic size 30 year paper, get it out the door, jack up the ten--year-old. >> neil: sarge, now i'm interrupting you, the president of the united states speaking in west palm beach, florida. >> president trump: the small business administration, she has been a superstar. the fact is that i've known tim
good but i didn't know she was that good. she's been one of our all-time favorites. just so smooth. she has helped so many people in the world of small business. and she'll be leaving, she's going to go and help us with a very, very important year and a half that we have coming up. and the re-election as they call it. and we look forward to that. we'll be working very strongly, she will be doing a fantastic job. so she's going to be leaving, we will be making the new nomination and appointment in the very short distance. and that will be in consultation with linda, but just have to say that this is an outstanding woman who's done an outstanding job and, linda, i want to thank you very much. >> thank you very much, sir, really appreciate that. >> president trump: i'd like to know, what has been your highlight and what are some of the great things you have done so they all know, so that we can put it right on the record.
>> well, the highlight has certainly been the fact that you asked me to take on this position. it has been an honor to serve the country in your cabinet. to serve the administration. and the people of the united states in small business, 30 million small businesses, 99% of the businesses in this country are small businesses. so we've been able to help them at sba, we have reimagined sba. >> neil: we'll continue monitoring this, with the president if he takes questions, small bills administrator, key cabinet position from the beginning, linda mcmahon is leaving. let's get the read this, attorney general of the united states announcing he will get the mueller report out there, we're told 400 pages of it, others saying not soon enough, they prefer next tuesday. martha maccallum joins ulgs the host of "the story" 7:00 p.m., good to have you.
>> very good to see you, neil. nadler has come back, again, after this most recent letter by bill barr, the attorney general, saying as i informed the attorney general earlier this week, congress requires the full and complete mueller report without redactions as well as access to underlying evidence by april 2. that deadline still stands, he says. they have a little bit of a faceoff going on here at this point. and you go back to bill barr's most resent letter that came out about an hour ago and he lays out the reasons why certain things would need to be redacted. >> neil: and they know -- >> by law, by law. >> neil: they know it's coming. >> you have to wonder, jerome nadler, jerry nadler, i should say, basically staked his claim in the ground and said april 2. i don't know if he will wish he hadn't laid down that april 2 marker, he is digging doon in to the sand on this what strikes me about the barr letter that came out this afternoon, it really shows the
independence of this attorney general. he's saying, i am doing this like a grownup, with robert mueller the special counsel and rod rosenstein his deputy, going through everything, figuring out what is in here and what needs to be redacted, we're happy to come before new a couple of wicks, may 2, may 1, even to that, the chairman nadler, says we'll let you know, take it under advisement if that date is going to work. >> neil: the trust the president is placing in the newest appointedee, in his cabinet, not that he's willing to say i have confidence in you, i have confidence in the report, i have confidence in myself to know enough there's not going to be anything embarrassing there and go for it. i'm not thinking executive privilege. >> it is striking when you look at the pushback that the white house attorneys and the outside trump attorneys have had during this entire special counsel correction. they called it a witch hunt, everyone who worked on the mueller team were democrats who were against him. who had given money to democrats in the past. now you have got a really big
change of tune here in terms of the confidence of bill barr. allows bill bar to say i am going through the white house on this. >> president trump: the president is reacting to that, let's listen. >> president trump: i have great confidence in the attorney general and if that's what he'd like to do, i have nothing to hide. this was a hoax, this was a witch hunt, i have absolutely nothing to hide and i think a lot of things are coming out with respect to the other side. but i have a lot of confidence in the attorney general. [inaudible question ]. >> president trump: we will probably be talking at some point. we're looking at venezuela, venezuela right now is a big fat mess. the electricity is gone, power is gone, fuel is gone, gasoline for cars is gone. they have a lot have electric cars, that's all gone because
they have no electricity. they have nothing. when we talk about socialism, take a look at venezuela. so i'll be talking about a lot of -- to a lot of people, perhaps president putin, president president tse of china. my people are in china, negotiating the trade deal, we'll see what happens, we're doing very well. [question inaudible] >> president trump: the trade deal is going very well. we'll see what happens but it's going well. they are in china right now, the highest level of our people meeting with their people. they will be coming back here for another round. it's very comprehensive to use a word that some people like, some people don't like, i think it's okay but it is a comprehensive, ed listing of problems that we have had with china over the years. and it's going to have to be a great deal. if it's not a great deal we don't do it. >> are you going to name a defense secretary? >> i'm happy with pat shanahan,
he's done great job, we knocked of the the caliphate, if you look at syria, what happened in a short period of time, far shorter than people said was possible, we're working together very well on the wall and on the border. i'm very upset with mexico, i think mexico is doing a lot of talking, they have the strongest immigration laws anywhere, anywhere in the world, they probably have the strongest. we have the worst. we have the weakest, the most pathetic, the most laughed-at immigration laws anywhere in the world. the democrat laws. and i got stuck with them. i hope congress is going to change them rapidly. they have a lot of opposition from democrats. not because the democrats don't think they would be right in changing them, just because they don't want to make anybody look good. they want no victories, don't care if the country suffers. we have two brand new caravans coming up if you can believe it,
two big ones, they're coming up. and mexico could stop them very easily. mexico has a trade surplus with the united states, for many years, of $100 billion a year at least. and this is for many years. mexico has take wren a big portion -- taken a big portion of our car business, mexico is doing well because of the united states. and frankly they have to stop the illegal immigration. we have run out of room. we have this ridiculous chasm and release program where you catch them, and then you are supposed to release them. you release them into our country. we've been very, very tough. border control is terrific, the people in the border control, the job they do is unbelievable. i.c.e. the same thing. and law enforcement. but mexico has to do something otherwise i'm closing the bor der. i'll close the border. with the deficit like we have with mexico, have had for many years, closing the border will
be a profit-making operation, when you close the border also you will stop a lot of the drugs from coming in. we take in tremendous drugs from mexico as you know, as well as i do. so you close up the border, you watch the drugs go away. but i'll close the border if mexico doesn't get with it. if mexico doesn't stop it. they come in from guatamala, they come in from el salvador, they come in from honduras, they come in in mexico. we're working hard to stop it. we're building the wall. until the wall is completed, and it's really moving along well, we will have a news conference very shortly over the next couple of weeks at the wall as it's completed and going up, sections of the wall. it's moving along rapidly. still we have a current crisis. we have a you go back 30 years and go back 40 years. but i can't imagine it being any worse than it is right now.
>> two children died in december in u.s. custody, migrant children. do you believe given the rising number of make grant childrens your administration is equipped to handle that in a way that children aren't dying? >> president trump: i think that it's been well stated that we have done a fantastic job. one of the children, the father gave the child no water for a long pertained of time, he admitted blame. the other was being brought to the hospital in an emergency, on an emergency basis. it is a very tough situation. that trek up is a long, hard trek. you see what's happening to women, you see what's happening to children, it's a horrible situation. mexico could stop it, right at their southern border. they have a southern border, and they have border that could be well structured, it's easy for them to stop peep from coming up. they don't choose to do it. we aren't going to give them
hundreds of billions of dollars. >> neil: continuing to monitor the president here. he did address what happened, stunning developmoing on releas much as he can of the 400 page report, the so-called mueller report, by april 15, democrats krielted they would prefer it be sooner than that. the president indicating he has nothing to hide, he's confident in the legal system and his attorney general. we have a statement from lindsay graham that he appreciateles the update from attorney general barr, the status of the mueller report, the attorney general indicating that it's coming from senator graham that, he would be available to testify before the senate judiciary equipment i of which graham is the chair bieshgs may 1, 2019. martha maccallum back with us. fast moving developments, but these are constructive developments for the president. >> martha: absolutely. as you pointed out, the president says he has nothing to hide. this further allows him to make that point, rather than hovering over this report and saying
we're not going to release until we go through it word by word and make sure that we have executive privilege over certain things. >> neil: he has to be curious. >> martha: he does. and you have to believe that he looks at this principle conclusions letter that bill barr wrote and bill barr, that's the other thing he made clear in the letter to nadler, this was not a summary. because he's being blasted for summarizing the report. nancy pelosi said it was con descending the way that he summarized the report for them. she said show it to us, we need to look at it ourselves. >> neil: and bob mueller, anyone on the legal team, would have found it con descending or worse wrong, i think they would have gotten that out there. >> martha: i89 doesn't strike me -- it doesn't strike me that this attorney general would put the summarizing, excuse me, principle conclusions letter out there if he didn't feel that it accurately represented the underlying finding of the
document. >> neil: you have to wonder, too, with the 400-plus pages or whatever, this ultimately is, that some things are going to be redacted. the next issue will become when it is released, what was redacted and why. everything becomes like -- >> martha: there will be enough flesh left on the bones to continue to pick over for people who want to say what about this sentence, why is this redacted, look at this part where it begins. all of those questions, are fair to look at obviously everybody wants to look at this report and see what was in it and see how the conclusions were reached. one of the things that is interesting with regard to obstruction, is the issue that was brought up in a "washington post" story, about robert mueller and how much he did press for an interview with the president, which he never got. and that may be the reason that he said i can't make a determination on be on obstruction because you never let me sit down with the president and talk to him personally. he left that door open and allowed barr and rosenstein
together, another good point, in that piece that's been mailed to me as well, rod rosenstein has been very integral in the process, watching the whole thing. and he's had his ins and outs with the president no, doubt about it. but working closely with mueller and barr on all of this. >> neil: you also have to wonder, too, whatever conclusions they draw over the report itself, is out there, people will see things through the prism of their politics. if there's nothing to stick here, no new indictments to be advanced here, obviously the upshot of the report is kind of game over here. democrats turning to the president's xwis dealings going back -- business dealings, going back decades in the second quarter, third quarter, other district courts. i wonder where and how far and how long does this krag on. -- drag 06789. >> martha: how's forever sound. i don't see this contentious relationship going away soon. i think they will pick over the report closely because of the nature of our politics, just the
way it is. there isn't anybody out there who says, okay. and it will be interesting to see if any of the candidates take this viewpoint, biden, if he says we'll move on as a country. >> neil: leave you wondering. when james comey comes out, i thought when i got fired that was kind of maybe good issue to raise about on strux of justice. -- obstruction of justice. they throw it throughout as a grenade and tease. >> martha: and this department, the new york investigation, the fact that congress wants ten years of trump financial records, there's going to be a team that will dick and dig and dig. -- dig and dig and dig. >> neil: i have a feeling what your show is going look like. >> martha: i think so. we'll see what happens between now and then. >> neil: thank you, martha maccallum, about 2 1/2 hours from now, we have busy day. to the president of the united states, just wrapped up in florida saying there's no there there when it comes to helicopter sort of reports that the president is hiding something. he expressed enough judgment and enough request in his attorney
general to keep in mind his newest hire to say go, go with it, release it out no, executive privilege no, need for me to read whatever you're putting out there, i have full confidence to get it out there. meantime, we have the markets soaring, we have a great end of the quarter, and we have the man, the. wants to put on the federal reserve to keep it going. steve moore after this. our grandparents checked their smartphones zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today.
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>> neil: what do you think of what your former colleague, larry kudlow has to say? >> great minds think alike. i'm not necessarily in favor of 50 basis points rate think, i t it last week and i'll repeat it, december, you remember neem, a week before christmas when the fed raised rates, when i was really outspoke general critic of the fed and said this is a big mistake. it turned out to be a big mistake. larry saying 50 basis points, would i at the least, i think if i were on the federal reserve board, i would have to look at the information they have, but i would certainly think very seriously about reversing that rate hike that happened in december. not because i believe in easy money. you know me for a long time, i'm for a strong and stable dollar. my concern, i think it's larry's, i haven't talked to him in a week or so, if you look at prices now they're way below the
dped targets, commodity prices are falling. that suggests we might be headed in a slight deflation, just is just as bad as inflation is. >> neil: people said you were pointed out for this job, immediately jumped on it saying you were the equivalent of a bull in a china shop, you were wrong when you predicted higher inflation with the feds' quantitative. being wrong, the federal reserve did miss a lot of things, the sub prime fiasco. leaving that aside, you have been targeted as some one who should not sit on the fed, they think you're crazy. >> well, look, going back to the financial crisis, and the aftermath and the obama years, my point was, you don't create growth by printing money. you can print money and that's going to create jobs for the left, that's not true n obama era, doesn't matter how many dollars the fed prints or how much it lowers interest rates,
if you have bad fiscal policies, regulatory policy, labor market policy you won't have a strong economy. that was my major point, you can't make up for really bad fiscal and regulatory policy with monetary policy. where we are today, i would say over the last six months when i became critical of the fed, i think most people looking a the situation honestly would say i was pretty right about this, the fed probably las been offbase in the rate increases. think about this, go back to last summer of 2018, 4% economic growth, we have high employment, one of the lowest unemployment rates, and no inflation, no inflation you could find anywhere. neil, you've been in the business a long time, somebody explain, maybe you have an explanation, why raise interest rates at a time when the economy is clicking on all cylinders. >> neil: the president was critical of jerome powell, you said you would not be a syphocant for donald trump p you
get this job. you and a.r. are on the same page including tax cuts, federal reserve overstepped things. could you be an independent voice there? >> i think this president has done a phenomenal job on the economy. i am so proud of him, i'm proud to have worked with him on the campaign and helped on the tax bill, it's working better than i thought it would. he's done an amazing job. >> neil: he said it would have worked benter if the fed hasn't been tightening. >> well, maybe. there are areas where i disagree with donald trump, he cost call meese a lot when i disagree with him. i disagree on the tariff, i disagree on the fiscal policy, we don't need to do the spending and i am concerned about the deficit o balance, i love what he's doing, i will be an independentest voice. what i'm for, a strong economy, a strong dollar, stable prices and high wages f we stay on the
course that trump set in the last two years with the good fed policy, i believe we can have 3% to 4% growth for five years. i used to say that when trump was under consideration for the presidency. he's gotten is close to that path. >> neil: because you're up for very big job, hunt and dig for everything, including this notion that you owe the irs $75,000 in back taxes. what's going there. >> look, we underpaid our taxes by $6,000, i think it was in 2014 because of a mistake in deduction we took. we overpaled our taxes -- overpaid by about $40,000 to $50,000 in 2015. somehow that comes out to we owe the irs $75,000. now, one thing i would say, people can, when these numbers come out people will see it. the other problem with the irs, neil, you know how long we've been waiting to reserve this
with the irs? for two years we've heard nothing, the taxpayer advocacy group has not responded, we can't get the auditor to respond, it is frustrating and a lot of people watching the show who have been audited by the irs have the same frustration. >> neil: you are challenging them, are you in a dispute with them over this and you don't believe you owe it. >> but we want a resolution, yeah. they just have to -- we want to present our evidence, we think we're crystal clear and right on. this but we just can't get a resolution. that's frustrating now, because i'm up for this nomination. >> neil: all right -- >> but i stick with my concerns. >> neil: you are up for this job and it worries some, karl smith in bloomberg, says it's confirmed that the federal reserve steve moore would jeopardize the fed's ard-one independence and at the same time his confirmation or even debate may be a sign of the inevitable run tots center of american politics. what he's intimating is that you
would be too much in the hip pocket of the president. >> as i said, just look at my record. i urge people to read the book that i just wrote, trump-onomics, where i agree with the. and where we don't. i want a strong and stable dollar. i don't want to use the fed as a way to micromanage the economy. you get low taxes, arthur flaffer taught me free trade, less spending, low tax rates and sound money. iechl going fight for sound money at the fed. >> neil: how will you get along with jerome powell? >> i've never mets the man, i can't wait to meet him, truly. i want to lay out my case to him, he's the chairman, makes the decisions. i look forward to -- i'm just going to tell him, if we get the monetary policy right on top of the dax cuts and deregulation the economy will soar and chairman powell you will be a hero if you get it right.
>> neil: we'll watch closely, steve moore, be well. >> thank you. >> neil: a lot more on what was behind the attorney general barr's findings before congress and getting them out to congress so much soonger than people thought, bvt after this. guys go through a lot to deal with shave irritation. so, we built the new gillette skinguard after this. oer than people thought, after this. oner than p thought, after this. the best a man can get. gillette.
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confidence in the attorney general. and that's what he'd like to, do i have nothing to hide. this was a hoax, this was a witch hunt, i have absolutely nothing to hide. and i think a lot of things are coming out with respect to the other side. >> neil: all right, so the president eager to get all of this out there, and a lot of it will be out there by the middle of april. not soon enough for a lot of democrats. read from the national review online contributing editor,
democratic strat jirnt scott levinson. scott, jerry nadler saying it's got to be april 2, april 15 isn't enough, are we parsing straws? >> a lot of stories to be told in regards to the mueller report. as representative schiff pointed out nothing to be proud of with the indictments around the trump campaign. the suggestion that there might have been obstruction, is stuff to look at. the democratic party is a pretty wide tent as we know these days. democratic leadership, representative pelosi, representative jeff reese, every been consistent they're not running on impeachment, they're running on infrastructure investment, keeping healthcare costs down. >> neil: but a report like this being delayed isn't a good idea. even if it's sooner. >> full transparency is better. >> neil: where is this going? >> they need to go to this thing and take care have a few matters, make sure there's no national security revealed, people who may have passed information along, if they're
revealed they could get whacked, we don't want that. grand jury information is supposed to stay secret until trial. >> neil: redacted, and it's going breed suspicion. >> it probably will. but they need on do this, otherwise what will happen, they'll complain and say why did you expose the grand jury information. >> but at the same time it took a matter of hours to produce a three-page summary of a 300 page report. we're talking about weeks and weeks and weeks to redact, for what is appropriate. that summat 36 hours. >> not really, how comprehensive the summary. >> neil: four pages, could you read it in an hour. >> the complaint, two-year mueller report and took two days to dot summary. now they say why is he taking so long. no mamenter what he says, the president saying let's keep it behind us. >> neil: i think knowing bob mueller and the staff, the story that got out, they didn't like it, immediately put out an
update, that's wrong. so, if there was anything that attorney general got wrong, it certainly would have gotten a correction. >> i think that's why you heard the early clarification asian round the obstruction charge. it's clear that mueller report did not clear the president of obstruction. it's clear it was not -- >> neil: barr never said he did. >> that's the one reason why it's interesting to look at how the democrats intempt the same stack of evidence. >> neil: they're arguing over the 1st through the 15th, now it's silly. >> not like we need until december. it's matter of the second versus the 15th, 13 days. >> neil: that doesn't stop the other investigations going, on and on. >> the big unprecedented don't know in this is the president's firing of the fbi director. >> neil: that's what comey left out there, something that he made look like obstruction. but apparently, apparently i
stress, to mueller's team, was not. >> look, the president of the united states as the leader of the executive branch can fire the fbi chief because he doesn't like his tie, doesn't like his glasses. >> that doesn't necessarily mean something to be proud of. >> number two, reresponded to recommendations, rod rosenstein and jeff sessions saying you should fire comey. now they're saying oh my god. >> the mueller report is going to get spotted to the democrats for years. >> neil: sorry, gentlemen, but the judge will be here to help us with this, napolitano, after this. lobsterfest is on at red lobster with the most lobster dishes of the year like lobster lover's dream and new ultimate lobsterfest surf and turf. so come lobsterfest today! . ♪ heartburn and gas? ♪ fight both fast tums chewy bites with gas relief
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rakuten oh! is this my money? whoaaah! haha! rakuten ♪ ahhh! rakuten! >> neil: welcome back, everybody, i'm neil cavuto. not soon enough according to democrats despite the fact that the attorney general wants to get as much of the mueller report as they can by the first of april they would prefer it to be the 2nd of april next tuesday and not a couple weeks later. what do you think of, this judge? >> i think the dispute over
time is as you indicated in your question right before the break a little silly. the attorney general and his staff have to go through 400 plus pages and decide what may be revealed and what cannot. this is not the he wanted of it, neil. there is a very innocuous sounding phrase in the middle of the letter saying federal rule of civil procedure 6 e material. that's material which is negative about any person who was not indicted. stated differently, that's whatever bob mueller found which is evidence of a conspiracy but not enough evidence to prove one or evidence of obstruction of justice but not evidence to prove obstruction of justice the attorney general cannot under that federal law release it. that means that when this report comes out, there is going to be many, many pages that are blacked out. the democrats will howl because they will what is in the blacked out area. go to a court and a federal
judge will decide. if she releases the entire report which she can do but attorney general mueller cannot. then everybody is going to be in a position to second guess bob mueller and second guess bill barr and why are going to start this all over again. >> neil: real quickly, is it your sense then that once this is released it's only the beginning? it's not the end? >> yes, it is, neil. i'm sorry to say that it's going to be going on for a couple of years. >> neil: judge, thank you very much. we will be breaking down the impact of this and trying to get this report out there sooner rather than later with eric swalwell who has been saying despite the mueller report he still thinks there is collusion there. 2020 democratic presidential candidate john delayne will be join us as well as congressman trey gowdy. again on weekends all this stuff seems to hit the fan. that's why we are live tomorrow as we are every saturday beginning at 10:00 a.m. eastern time. there will be a lot more water under that proverbial bridge by then. we have it all. we have got you covered
including this development at the corner of wall and broad. a record quarter and strong quarter and for the s&p 500 something we haven't seen in 10 years. a strong start to the year that investors will tell you usually, usually portends good news for the rest of the year. we will see about that tomorrow. "the five" now. ♪ ♪ >> dana: hello, everyone i'm dana perino, along with kennedy, juan williams jesse waters and greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ ♪ >> dana: fox news alert. attorney general william barr telling congress it will be -- he will send them the 400 page mueller report by mid april, if not sooner. barr saying that portions of the special counsel's findings they are going to have to be we americans with disabilities acted diewgd material subject to criminal procedures and intelligence community sources and methods. the attorney general adding that the white house will not be reviewing the report before it's sent to capitol hill. this is part is getting a