tv Your World With Neil Cavuto FOX News April 9, 2019 1:00pm-2:00pm PDT
the red raiders but it was a great game. i'm not thankful for staying up past midnight. too old for that. >> you like the underdogs? >> i like cavuto. it's his turn. >> can't hold this hearing without mentioning the elephant in the room. >> your unacceptable handling of robert mueller's report. >> within a week, bill in a position to release the report to the public. i am relying on my own discretion to make as much to the public as i can. >> all we have is your four-page summary, which seems to cherry pick from the report. >> this is what drives the public crazy, when they see something like this. this is what we have to try to avoid. >> i appreciate the importance as releasing as much of the information in the report as i can consistent with the law.
>> attorney general william barr getting grilled as democrats continue to demand the full release of the mueller report. will they get it? we're on it. welcome. i'm sandra smith in for neil cavuto, this is "your world." catherine herridge is in washington where this battle is just beginning. >> it is, sandra. the attorney general testified that he's bound by the law regulations and established practice at the justice department and to that end, garage jury material, classified information, ongoing investigations and the privacy of individuals not charged will be publicly withheld. each category he said will have a clear code and notes of explanation. >> we will color code the excisions from the report, and we will provide explanatory notes describing the basis for each redaction. >> while democrats want the full
report as soon as possible, some complain barr moved too quickly releasing a four-page letter documenting mueller's conclusion. >> it's extraordinary to evaluate hundreds of pages of evidence, legal documents and findings based on a 22-month long inquiry and make definitive legal conclusions in less than 48 hours. i would argue it's more suspicious than impressive. >> the thinking of the special counsel was not a mystery to the people at the department of justic justice prior to his submission of the report. >> the special counsel did not find against the president on the obstruction of justice or did mueller exonerate the
president. there was no underlying conspiracy between the trump campaign and russia. >> can you elaborate on what is meant by does not exonerate the president? >> that is a statement made by the special counsel. i reported as one of his bottom line conclusions. i'm not in a position to discuss that until the record is out. >> there were other headlines during the course of that testimony. barr testified that he's personally reviewing all of these matters, sandra. >> catherine herridge, thank you. democrats demanding attorney general barr not budging on the entirety of it, not yet at least. how much information from the mueller report will actually make it to the public eyes? john sale with us now. john, good afternoon. we learned a lot in the hearing and heard a lot from william barr. what struck you? >> what struck me is he's not doing anything that is different from what he testified in his
confirmation hearing. first of all in his confirmation hearing, he assured everybody that mueller would complete his report without any political interferen interference. he testified that mueller was a friend of his and he had the highest integrity. he said he believed in transparency to the fullest extent permitted by the rules in the law. if you -- the rules that he's operating under, he does not have a choice. one of the members of congress outside the hearing room said it appears that he's -- he has allegiance to the president rather than to the truth. i submit that is not fair. i think he has allegiance to the law. he said in his confirmation hearing he wasn't going to be bullied. then he meant by the president. now i think he means by congressional resolutions. >> so based on what we learned today, what will this report actually look like?
we learned a lot about the clear coding and the redaction process. we learned that william mueller is a part of this process. what will the report look like when it makes it in front of the american public? >> i would love to read every word and every foot note but it's going to be frustrated. it's going to be filled with redactions for the reasons that catherine reported. but they're required. it's as simple as that. when mueller filed the sentencing leadings and they showed them on the screens and they were filled with the black redactions, that was frustrating. everybody speculated what is under them. but nobody complained why was mueller doing that. there's reasons he was doing it. he was doing it to protect ongoing investigations, which is one of the four reasons the attorney general is required to do it. you know, you criticize -- some criticize him to rushing to write the four-page memo. now they're saying he's not
moving fast enough. he's moving within record speed. we'll have the redacted version in a week. senator graham said by the end of the week. it's hard to talk until we see the redacted version. and then the attorney general said he's willing to talk to the chairs of the committee. >> democrats are still saying it leaked a select number of members of congress should get a look at the unredacted version of the mueller report. do you agree with that? >> no. they cannot look at grand jury material. the law prohibits it. the attorney general does not have a right to show them to anybody without a court authorization. this is going to wind up in court. he's going to be subpoenaed. the report will be subpoenaed. it will go to court and a court will decide. >> john, thank you for joining us. >> sure. >> if you don't think democrats and republicans are split over bar, go no further than this. >> i think the question is not
whether you trust bill bar or not. i do. >> i don't think barr has conducted himself in a manner that earns people's truth. >> that leaves us with a big question. will both sides ever be on the same page? with us now, gop strategist john thomas is here. democratic strategist, jessica tarlov and the "new york post," alicia maldonado join us. so jessica, will democrats ever accept the findings of this report as it's released within the law? >> i'm not sure. jerry nadler has a different view than jon sale. he believes he can subpoena the unredacted version and the gang of eight or the head hoff the intelligence committees can be privy to the information including grand jury testimony. so we have yet to see what the official ruling is on that. when you put up chuck schumer versus mitch mcconnell, that's what this comes down to. a group of people that trust bill barr and a group of people that don't. it was important to add that
bill barr said he submitted the summary to the mueller team saying they could go over it. they said no, go ahead and do it. we're not getting involved at this point. i wonder if doug collins will bring bob mueller from the committee. i would like to hear from mueller and barr again. >> democrats won't be happy. they just want to believe that he illegitimately president. i don't think we're going to -- i think -- i agree with jon. getting what barr said we'll get in a week and i don't think we'll probably get the full story until we get mueller on the stand and he spend two years conducting the investigation. he's probably got more answers than the redacted document can give us. >> and that's what some members are congress are calling for. doug collins said to jerry nadler, get robert mueller up there. asked him how he came to the findings in this report. i thought it was interesting today, john, that william barr
said that he asked robert mueller if he wanted to see the conclusions he reached, this report that he put out, the four-page report. robert mueller didn't have a look at it but he did give him the option. >> one thing we're seeing, the democrat conspiracy theory keeps unraveling the more we learn about this process. the democrats thought it was rushed. they said there's no way you could have read the 400 page report. then we find out from bill bar that the doj had been working with mueller's team for works on understanding what was in the report. so that's wrong. we're finding that barr and his team had been methodical, logical and quite frankly on the up and up. i think it's only going to get worse for democrats as we go. the other thing that struck me from today and i welcome mueller to testify, is that how unflappable barr was. these guys are pros. this is not an amateur campaign hack coming to get grilled by congress people. these are seasoned people.
we're not going to learn anything more than what bill barr was putting in print. >> we brought ken starr in. his words, this is a by-the-books law guy, william barr. he said let's let him follow the law. he's cool, calm and collected and doing what he can under the law. >> there's no doubt it's better than bill barr is up there than matthew whitaker. the timing was good to get bill barr in front of any committee when the mueller report came out to what ken starr's opinion of this is, a lot of people don't see ken starr as the most upstanding special prosecutor or investigator or whatever term we're going to use. >> bring to us william barr. as mitch mcconnell put it, it comes down to whether or not you trust william barr or you do not. right now do democrats have reason not to trust him? >> william barr came into this job having produced a document
and an analysis of this mueller witch hunt as president trump likes to call it. calling into question the origins of this. he has an expansive view of executive privilege. then you have his record as h.w. bush as attorney general. republicans advocate for policies and a republican a.g. is not ever going to be a democrat's pick. yes, it's sad that we're passed the time that you can get unanimous votes for some of the -- >> but does it behoove your party to continue with is this? >> it behooves to ask for it. we know mueller didn't make a decision about obstruction. bill barr made that decision. so democrats want to see what the underlies reasons were for him not to make a decision. lay out the case. there is evidence of obstruction of justice. >> the trouble you have, what point you quick that you say mueller ruled, that's that and
get back to messages that voters care about. anything you do appears partisan and has no credibility. >> we heard mitch mcconnell's thoughts, you trust him or you don't. chuck schumer asks is william barr a trustworthy man. schumer's response says i'll wait until i see it referencing the mueller report. you release it or you don't. he said he's going to determine whether he trusted him after the release of the report. he said barr has not conducted in a way that gives trust. what does that mean? >> playing politics, to be honest. what he believes it or not, standing by what he previously said. it's a game of politics as usual. >> if loretta lynch had produced a four-page summary of a 350 page report on president obama and loretta lynch turned over a four-page summary that the
special prosecutor had not looked at and said he didn't come to conclusions but i did, would you be sitting here -- >> wrap it up, guys. >> if we sat around two years holding up mueller as the gold standard and he ruled in, yeah, i would. >> he didn't rule in. if we see it, everybody can go home. >> thank you. president trump unloading on democrats over the crisis at the southern border. what does ohio republican and member of the senate homeland security committee rob portman think about that? he will join us next. >> we have a democrat congress that is obstructing. you talk about obstruction? the greatest obstruction anyone has ever seen. what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story.
what do all these people have in common, limu? [ guttural grunt ] exactly. nothing! they're completely different people. that's why they make customized car insurance from liberty mutual. they'll only pay for what they need. yes, and they could save a ton. you've done it again, limu. [ limu grunts ] only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ >> doing really bad things with congress not willing to act. ney want open borders. they want crime, drugs pouring into our country. they don't want to act. we have to close up the borders. we're doing it but we're
doing -- i could do it faster if they would act. >> sandra: that was president trump earlier today placing the blame on democrats as the crisis at our southern border continues. reaction now from a key member of the senate homeland security commission, rob portman. thanks for your time. >> good to be on with you. >> sandra: quite a moment that we saw from president trump at the white house earlier. what did you think of it? >> there's a crisis at the border, no question. we had a hearing in the homeland security committee and we had the professionals there, the people on the border patrol, customs and border protection, ice folks. it's unprecedented. we have 4,000 people a day coming over. more families and kids than ever. more than when president obama called it a crisis several years ago. so we do need to do more. congress has acted recently provide more funding.
>> sandra: but that's not enough. we heard from the president the laws need to be changed what you hear from the professionals on the ground, they need congress to act. so what is congress doing? >> money is not enough. until you change the laws, you'll continue to have this magnet. people coming to the united states. we provided more funding. that's good. more barriers being put up, more border patrol being hired. we need more judges. we said another 75 judges. we need even more. here's the problem. when someone comes to the united states and they're a family from honduras, guatemala, el salvador, they're being told by the traffickers that you ask for asylum. did youring the time you wait, e allowed to go in the community. it's 40 days before the preliminary case. the actual court case takes
longer. it's not acceptable. they don't show up. 85% are being turned down for asylum eventually. but a lot of them have already disappeared in the countryside. so that's the issue. until we deal with that, it's going to be hard to keep people from coming up. there's ways to do it. there's something called the flores decision that needs to be amended. this is a court decision that does not allow us to have people in detention with children more than 20 days. there's the broader issue of how you speed up this system -- >> sandra: senator, i don't know if i hear this is optimism or whether or not congress will be willing to come together and act on this issue. i hear the urgency from you. here's the president responding to reporters in the white house. things took another -- went another level when talking about the child separation policy. here's the president. >> president obama had child separation. take a look.
the press knows it, you know it, we all know it. i didn't have -- i'm the one that stopped it. president obama had child separation. i'll tell you something, once you don't have it, that's why you see more people coming. they're coming like it's a picnic. >> sandra: obviously the president's zero tolerance policy came into play. quickly reported out by recorders. can you respond to the president? >> what he's talking about the flores decision does not let the families stay together. in detention if you get up to 20 days, you reached the limit with flores with regard to the kids. then the question is, do you have the family go in the community or separate the kids from the families? separating the kids from the parents is something that the trump administration chose not to do because it didn't work well. we didn't have the infrastructure. caused issues. we got the kids back with their appropriate family members. i don't support separating the families, but i do support
changing the flores decision so you can keep people in a family unit. that's the point. that's what the president called for. it requires a change in law to say congress looked at this, we decided this is not working. >> sandra: finally, senator, a short time but a lot to get to. some republicans voicing concerns over the departure of the homeland security secretary. do you share in the concerns? >> i thought kirstjen nielsen did a great job. under the conditions that we talked about, people pouring in. she asked us for more money. we provided it. that was her last week that she said we have to change the laws. she was advocating. the other person -- >> sandra: i have a few second left. >> the other people that was talked ant, the head of secret service is gone. james murray, appointed to be head of secret service is
you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. you can barely feel. - there but what are wes to get our messactually saying?ys. any message is a story. and all stories tell the tale of the times we live in right now. how do you want to be remembered? how do you want your story to play out? our own experiences make the best stories, and your words carry a lot of weight. think about what you want to say before you say it. or send it.
>> sandra: another volatile day for your money. the dow falling 190 points. the selling began earlier with president trump lobbying new trade threats against europe. a tweet by the president set everything off calling for $11 billion in new tariffs. that led to an early sell-off. are more trade worries going to start this rally that we've seen this year? let's bring in our market pro. it's been awhile. hi, gary and john. good afternoon. gary, i'll start with you. should we be concerned about
these new threats? >> potentially, yes. the good news is over the last few months, the fed went ease. that has helped. the tariffs have been overhanging. we're still not done with china. anymore adds to it. the worse "tariff" is a bad word for markets. when you put the e.u. in the mix, you get worried. we just need pull backs in the markets. we've had an extraordinary run. pull backs are normal right now. >> sandra: john what do you think? quite a rally. can the market take on fears of another trade war? >> yeah, as long as it doesn't accelerate. you have retaliatory tariffs for what it appears airbus has done for some time. people knew this was going on. the world trade organization confirmed that. what is really going on as far as the market, the global slow down. the imf down graded for the
third time global growth. one thing thing, sonda, the fact that the u.s. is the beacon of light. if there's a place to invest, it's the united states. the nyse. >> obviously heading into earnings season, that's a big determiner of where the markets go from here. this sell-off brought us off of six months highs. is the street bullish? >> look, i think the market has been very bullish. i worry when things get a little too frothy and too excited, i can tell you barons, the front cover this weekend, had something about the markets never going down again. we'll go up for years. when i see things like that, i put my head in the sand and start to worry. the big thing also with earnings, they're not going to be that great. it's about the reaction and about the guidance. if guidance is good, we'll be
okay. if guidance heads south, the markets could be in for more -- to the down side. >> sandra: when it comes to the president, the markets have widely perceived this as a business friendly president. that is why we have continued to see markets rally since election day. look at the way the president is taking on europe with this sort of trade talk, is this something that market watchers, investors can throw their support behind knowing that the president is fighting for this country? >> no. i don't think so. i think there has been a business friendly. no doubt about that. i applaud for what he's done with the taxes and the tariffs. it could to some structural damage to our country for years to come. the president with the president with europe, this is separate from a trying to get somehow deal with intellectual property theft from china. this is something that boeing has been doing for years. so a retaliatory tariff, this
seems to have credence behind it to stop what airbus is doing to boeing. >> we're talking about the two largest economies here. so that uncertainty alone will lead to at least 190-point sell off, which is what happened today. gary and john, thank you. a federal judge blocking another trump administration immigration policy. where does this go from here? our judge joins us next. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪
itso chantix can help you quit "slow turkey." along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix. you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood, suicidal thoughts or actions, seizures, new or worse heart or blood vessel problems, sleepwalking, or life- threatening allergic and skin reactions. decrease alcohol use. use caution driving or operating machinery. tell your doctor if you've had mental health problems. the most common side effect is nausea. talk to your doctor about chantix. ♪
>> sandra: election day in israel. exit polling showing the race too close to call. we're back in 60 seconds. plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪
at newday, veteran homeowners can get $54,000 dollars or more to consolidate high rate credit card debt and lower their payments by $600 every month. >> sandra: a federal judge temporarily blocking the trump administration from implementing the remain in mexico policy. it forces some asylum seekers to remain in mexico while their requests are being processed. where does this go from here? i know someone to ask. judge andrew napolitano joins us. judge, what is the answer to this? >> i don't know where it goes from here. it's a very bizarre statute. the someone says if someone knocks on the door trying to get in legally and they don't have a basis, you can turn them around to the configure country from where they came. so when the government is turning down central american
migrants and sending them back to mexico, that violates the statute. that's what this judge said. i don't like this. but my job is to interpret the statute as written. if they knock on the door in texas and they're not from mexico, you can't send them back. what are you supposed to do? hold them in a detention center and give them a hearing as if they were applying for asylum. very frustrating to the president. frustrating to the people trying to get here. >> sandra: you get a sense of that when we heard the president talking earlier today on immigration and blasting policy, blasting congress. so he and his administration have any legal recourse here? >> they will appeal this to his least favorite to the ninth circuit. i don't know what they'll do. if i had to roll the dice, they'll uphold it. if the government loses there, they'll appeal it to the united
states supreme court. none of this happens overnight and we don't know how many people are involved. the judge actually signed an order directing dhs to admit these people into the united states. not at liberty but into the united states to is one of the detention centers at the border waiting for a hearing before a judge. >> we'll see where that goes. i've been dieing to ask you. hemmer and i were watching this hearing. william barr testifying before a subject committee for the department of justice but ended up getting a grilling for the mueller report, which he says he will be released within a week with redactions. democrats just don't seem like they're willing to accept the outcome either way. >> i don't think they are. the redactions that the attorney general articulated, the four categories, he's required to follow. he's not at liberty to avoid or evade them, a federal judge can. so this will end up in court.
when this report comes out, whether it's the end of this week or the beginning of next week, people that want to see what bob mueller found about donald trump are going to see block or white or colored pages with no print on them. they're going to be very disappointed. then the house judiciary committee will subpoena the point. the federal court will rule. is donald trump entitled to the same right to privacy or everybody else or is he different because he's the president or because he said released the report. i didn't do anything wrong. i don't care. >> sandra: we tried this earlier. ran out of time. can a select member of congress view the entirety of the report? is that allowed by law? >> it's not. if he did it in a secret skiff, i don't think anybody would complain.
i don't think anybody would a fear with that because you're revealing a classified document to people that have classified clearances. >> sandra: but that's not something that he's considering. >> i don't think he's considering it. i don't think he should consider it. let's say it's pushing the envelope. >> sandra: got it. judge andrew napolitano, thank you. >> see you tomorrow with hemmer. >> sandra: we get you an hour. steve mnuchin hahn capitol hill to discuss the budget and our country's financial security. where he was grilled about russia and president trump's tax returns. continuing to go after the president like this backfire on democrats in the 2020 election? >> secretary mnuchin, will you comply with the law by the deadline tomorrow and furnish the tax returns even if it means you may be fired by this president for doing so? that's what 24/7 means, sugar. kind of like how you get 24/7 access to licensed agents with geico. hmm?
on capitol hill over the president's tax returns. democrats want them released by tomorrow. our blake burman is at the white house. what to expect now, blame. >> hi, sandra. a couple of big hearings on capitol hill today. big in the sense that the two key players involved with potential releasing the president's tax returns were testifying on the hill. the irs commissioner. he sent a letter wanting the last six years of the president's tax returns and wanting them by today. that being within a week's time. reddick would not say at this point what might happen by tomorrow or maybe even after that. before that, it was steve mnuchin on the hill. the treasury secretary saying that before that letter was produced by democrats wanting the president's tax returns, that lawyers over at the treasury department and over
here at the white house had discussions, but after that letter has been produced or since its been produced, mnuchin said he steered clear. listen. >> i have not spoke to the white house chief of staff or the president about this decision. it's our intent to follow the law and that is in the process of being reviewed. >> the president's personal attorney, an outside attorney, that is dealing with the requests or the demand from democrats sent a letter on friday outlining the president's position as to why they do not feel those six years of tax returns need to be handed over to the irs. as we heard from the president, recently, as he said in the recent days, months and years, his position is, he will not disclose his tax returns while he's under audit. >> sandra: so democrats risk a backlash going after the
president from this. a.b. stoddard with more. do democrats think it's worth it? >> yes, than think they can drag it over before it gets to the courts. likely this won't be resolved before the next election. the idea that the president would send taxpayer dollars to fight in court to hide his returns from taxpayers is a political battle they're willing to wage. they're going to ask from now until election day next year what the president is hiding. i think that they think -- >> sandra: that would be if he's hiding anything. >> if he doesn't release his returns, he's hiding his return. >> sandra: so he says he's under audit. it's customary not to reveal this, although the law would allow it. right now the point politically, is it worth the fight?
he's opposed to do it. why to democrats continue to take it on? >> because they think it's politically potent to continue to ask what the president is hiding in his tax returns. they are conducting a series of investigations and they're absolutely risking accumulative backlash in its entirety, the combination of all of the legal battles, the oversight hearings, the investigations. that is a political risk they're taking. on this issue alone, there's no good argument for the president to not releasing his tax returns. every president is under audit while they're president and they release their tax returns anyway. so on this, they probably have the upper hand in this argument. it's the totality of the investigations and hearings and requests and inquiries with the administration that is likely to in the end risk -- create a backlash if there is one in 2020.
they think on this issue the president should be telling the american people whether or not he has any conflicts of interests to the business with which he has not separated from while serving as president. he refuses to show the returns. >> sandra: looks like the fight won't go away. steve mnuchin is not surprised by that with how he responded to the question. he said we better get this out to begin with. so he says it's his intent to follow the law. so ultimately do you think this ever happens? >> i don't think the administration is going to release them. they made it clear they don't intend to. what the treasury secretary is that he intends to follow the law and the law will be interpreted differently. we're looking at a long court battle that won't be resolved. >> sandra: something tells me the questions won't go away and that push will continue. a.b. stoddard. >> sandra: lori loughlin's reaction to a new charge against her in the college admissions
scandal. the latest on that and breaking news this afternoon on that. that's next. perience the style, craftsmanship and technology that have made the rx the leading luxury suv of all time. lease the 2019 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. look limu. a civilian buying a new car.ug let's go. limu's right. liberty mutual can save you money by customizing your car insurance, so you only pay for what you need. oh... yeah, i've been a customer for years. huh... only pay for what you need.
and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit >> sandra: actress lori loughlin hit with a new charge in the college admissions scandal. it's a serious one. fox news correspondent molly line is in boston with the latest. molly? >> a slew of parents indicted today. they're facing an additional charge that potentially means more prison time and of course, one of the most recognizable faces in this scandal, lori loughlin is among them. loughlin and her husband, the fashion designer, were in federal court last week on that initial charge related to mail fraud. now they with the 17 other
parents are facing the additional charges, a maximum sentence of 20 years on each charge. conspiracy to commit money laundering. other parents have chosen to plead guilty to the first mail fraud accounts, including actress felicity huffman. in exchange, prosecutors have agreed to specific recommendations. prosecutors allege that huffman made a $15,000 to the moster manned's phony foundation. others paid more and received different recommendations. prosecutors recommended 15 months behind bars for the owner of a vineyard in napa valley. he agreed to pay $300,000 in participate in the exam cheating and the coach bribing lane of this scheme. at least two parents, a doctor
and his wife have claims they're innocent and expected to go to trial. so there's different paths that these parents are taking as the investigation goes on. sandra? >> sandra: thanks, molly. a major u.s. company raising its minimum wage to $20 an hour. guess what? the government is not forcing it to do it. we'll have that next. biopharmaceutical researchers.
now kayak and opentable let you earn travel rewards every time you dine. earn points with each restaurant reservation on opentable and redeem them for hotel discounts on kayak. get started at kayak.com/diningrewards. walkabout wednesdays are back! get a sirloin or chicken on the barbie, fries, and a draft beer or coca-cola - all for just $10.99. hurry in! wednesdays are for outback. outback steakhouse. aussie rules. wednesdays are for outback. is eligibility for a va loan country give our veterans for up to 100% of your home's value.
thank you, admiral. so if you need money for your family, call newday usa. >> sandra: bank of america reading its minimum wage to $20 an hour by the year 2021. a report shows many businesses hurt by states managing wage hikes page of the market decide which companies do and which companies do not or cannot afford to do it? joining us now, how lamberts. imagine a company deciding on its own that it's willing to
raised its minimum wage. at bank of america pretty soon you'll be earning $41,000 a yea year. minimum wage. >> the free markets work. we don't need a socialist redistribution of wealth to raise the minimum wage around the country. all it does is hurt the country company since trying to. small businesses employ half the employees that are right minimum wage. where does the money come from? $15 comes out of the owner's pocket and they can't afford it. many of them wouldn't make a profit at that point. they would have to lay off employees, cut back hours are completely shut down -- >> sandra: it sounds pretty good to some. bernie sanders touting and other democrats running for president are touting it. how do you tell them it's not a good thing? i know you're making the case that ultimately that would not be healthy for these companies to be mandated to raise their minimum wage.
>> they have never signed the front of a paycheck. most of these politicians have been politicians or whole life so they don't really understand the economics. small businesses do. when you make them raise them in wage they are forced to lay people off because the profits that they were making disappear. they don't have any ability to raise prices to consumers. if you look at what's happened over the last two years, wages at the lowest income level have been rising faster than at the highest income level. the income gap is actually narrowing. it's working. there's other companies that have announced wage hikes. walmart, amazon. target. it's working in the economy. you don't need the government to step in to do this. i think one other thing we got to talk about here is the low income level, you can't do this without looking at the border. you have low income, low skilled workers coming across the border. they are competing with the other unskilled workers here in the united states. the high school kids, kids are graduating from high school that
aren't going to go to college, getting their first jobs. trying to give pete in the marketplace knew of millions of people coming across the border they are competing with. i think that's one of the reason wages have stagnated at the low end until recently. >> they have been coming up. this is bank of america raising its own minimum wage. here's the statement. "we are raising our minimum wage because we believe that to best serve our customers and clients, we need the best team saying thank you, celebrating great work and sharing our success further demonstrates our commitment to being a great place to work." they are going to do this incrementally and they have been doing it incrementally. this isn't brand-new. since 2010, they've increased their minimum wage by $4 an hou hour. it was 2017 with a razor to $15 an hour. now they are going to incrementally through 2021 raise it even more. making it a pretty attractive place to work as well.
>> it's fantastic. it's amazing what a 3.7% unemployment rate will do. that gives leveraged workers finally threw me get the unemployment level down to where it is now, you have will be jobs created and the economy, there's competition for labor and labor finally has the ability to demand higher wages and bank of america is paying. it's fantastic. that's the best way to create higher wages across the board. low unemployment, a great number of jobs created, strong economy. that's how you create higher wages. the government coming in and stepping eight and mandating wage levels is not going to work. it really hurts everybody it's trying to help. >> sandra: rollback regulations, let these companies do their thing. if they thrive, they will bring their employees along with them. bank of america looks like it's doing that. in that case, the stock market has been driving, not the case today, hal. seems to be growing concerns over global growth, possible trade war with europe. with your take on what we are
seeing the markets? final thoughts. >> we had eight days in a row of upmarket scribble going to have a down day at some point and we had one today. you look at the trade dispute going on with the e.u., they have been in violation of the wto. it has been ruled on. president trump is coming out and saying we're going to have to take care of it with some tariffs with her going to have to fix it. i don't understand quite frankly wyatt causes the u.s. stock market dropped when it actually would help the u.s. markets. i think at the end of the day, we had a down day today. it's matter of who had a lot of updates. i don't see it derailing anything. >> sandra: how lamberts, great to have you on the program this afternoon. appreciate it. thank you for joining us, nice to see you in the afternoon. be sure to tune back in tomorrow morning. our show begins at 9:00 a.m. "america's newsroom," each weekday 9:00 to noon. tomorrow we will have rick scott. and former education secretary
bill bennett. keep it here for the latest breaking news and information. what a day it has been with those hearings, and they continue this week. "the five" starts right now. ♪ >> greg: hi, i am greg gutfeld with dagen mcdowell, juan williams, jesse watters. she once got carried off by ants at a picnic. dana perino. "the five" ." >> ♪ thank you for being a friend ♪ ♪ traveled down the road and back again ♪ ♪ >> jesse: no, you didn't. >> greg: i thought as i was curating the music today, i decided to start out with a gesture of friendship to everyone here and the people at home, song written by andrew