tv Varney Company FOX Business July 7, 2017 9:00am-12:00pm EDT
nice to end the week on a strong note with the jobs numbers. dagen mcdowell, joanie courtney, and all of you, and on wall street we hope you'll join me. i'll see you sunday and we'll talk about the president at the g20. ashley webster in for stuart. ashley: stuart will be back from his july 4th vacation on monday. money and politics, we've got every angle covered for you. the g20 summit officially underway, the moment to watch, what everybody is watching, president trump meeting with russia's president putin. that meeting scheduled to happen in less than an hour and of course, we'll take you there live for the events surrounding that. and not inside, we're not allowed. and anti-capitalism protests,
and water cannen-- cannons use today break up the crowds and melania trump blocked from going to an event. >> and in june, much better than expected. u.s. futures, saying that stocks will open higher. the dow up 45 minutes. when we open up for real in about a half hour. the democrat party trying to come up with a slogan for the 2018 elections. one of the top contenders, check this out. and "varney & company" starts right now. ♪ >>
> >> [crowd chanting] >> while the rest of us have to work for a living. that's the scene outside the g20 in germany. i don't know whether bleak burman has a riot shield, but what's going on. >> fine this morning. it got interesting last night, stuart-- or ashley, sorry. the protesters are back out this morning in hamburg, a big city, not where we are right now, but another spot for the city and this is having an impact on several, including the first lady, melania trump. a spokesperson for the first lady telling me this morning that at her residence, hamburg police could not provide clearance for them to leave because of these protesters and because of that, she was unable to make her first appearance on this day. a spokesperson for the first lady describing that to me as unfortunate, saying the first lady was looking forward to her
event. the first lady did send out a tweet this morning which side the following and said thinking of those hurt in hamburg protests, hope everyone stays safe. ashley the protesters were out yesterday and back again today and we expect them around through all of it. ashley: every g20, seattle, london, it's the same story. blake burman safe in hamburg at least for now. the dow up 47 points ahead of the opening at the bottom of the hour and e-mack, i guess they like the jobs report. this is a great one. obviously the headline number is pretty good. liz: beat expectations april and may and it looks like a revision there as well. we have to look long-term trend and we have to look at the multi-average long-term trend. ashley: right. liz: since the president was elected. so it's trending right now anywhere from 180,000 to 190,000, monthly average job growth. that's, we're still working on the numbers for you. it's about in line with what
last year's performance was. so, here is the problem for the trump administration, do you break out the hats and horns over this jobs report or you say, hey, we should be averaging what bill clinton was, 242,000 a month. and that's why we need to get my reform agenda through. so, the president has to walk a fine line here. he has been cheerleading the jobs numbers in the past. should he instead say, wait a second, we could do better and that's why we need my reform agenda. >> that's what we could do if you put my agenda in place, 222,000 jobs. not bad. president trump meeting with the chancellor -- wouldn't you look to be a fly on the wall. what would you say to donald trump before he goes into the
meeting with vladimir putin? what are you expecting? >> what i'm expecting is the emergence of a businesslike working relationship. that's probably the most important thing and that's what president trump is excellent at is establishing good working relationships and i believe, and this would be my recommendation to him, that they will form an outline, an outline of the issues of great importance to both countries. ashley: but would you agree that vladimir putin respects strength above all else and so, it's important for donald trump to go in and exhibit just that, strength? because it seems to me, if you want to go back in history and look at the crkhrunichev kenned meeting, khrunichev came out thinking that kennedy was a pushover. that's the last thing we want with donald trump. >> donald trump is a natural leader. the exudes confidence and that will be on display. those dynamics are important
for establishing that working relationship. let me tell you something, what's interesting, the president has already expressed that the war on isis is very important and getting, pressuring and holding accountable president putin to stop supporting reagan nations, north korea, syria, on the other hand putin says the sanctions are short-sighted. he's concerned that the u.s. will export more oil and gas to europe which is his main marketplace. those are the issues, those, i think, represent the outline for future agreements, but those dynamics, you're right. important for the president to show up strong and i believe he will. >> next one for you, mark. changing gears here. the democrats are looking at several possible new slogans, one of which is, i find hysterical, it is, quote, have you seen the other guys? that's it. democrats, 2018 and underneath the banner it says have you
seen the other guys, in other words, what that says to me, mark, hey, we may not be great, but if you seen the other guys? is that a winning strategy? >> well, you know, i mean, they can't really do any worse so i'm not sure-- there's only one of two explanation, either they hired a republican firm or their server has been hacked again. it's like the kid saying to his parents, i know i'm getting d's, but the other kid is getting f's. stick to the strategy. as a republican i want them to go with that message because it's not going to do any better than the last results since november. ashley: keep nancy pelosi in the leadership and go with that slogan. that's my chase. ashley: north korea test launching that icbm that could be capable of carrying a nuclear weapon to u.s. soil. joining us now to talk about this, former cia covert
operations. mike baker. thank you for joining us. >> sure. ashley: this is a difficult situation to deal with. we can express outrage as much as we want with north korea, clearly they're going to do everything we want to do. how does mike baker feel they should be dealing with this in north korea. >> you're right. dealing with this, one of those situations where there aren't any good alternatives. what we can say is that china is, is still the key, it's the linchpin, the only country because of its economic aid, its financial aid and trade with north korea, it's really the only country that has the potential ability to change north korea's behavior prior to that unfortunate and ugly point where we have to consider military options to prevent them from getting to the point where they've got the ballistic military capability. the problem is that for two and
a half decades plus, that theory, the idea of somehow diplomacy through china with north korea, is going to work. it hasn't happened. and so, we're now faced with the results of failed diplomacy over 25-plus years, that have got us to this point. nobody should be under the misconception that this is all because of the new administration. there's a certain segment of the left that wants to point with this crisis at north korea, see, you've got president trump in office, he's banging the drum, he's a war monger. that's not the case. the problem is failed diplomacy has allowed north korea to, over a period of time, to get to this point in the road where they're very close to a breakout with actual ballistic missile capability of delivering a nuclear warhead. >> so, is it-- i mean, you know, in your mind, is it almost pointless to go back to the chinese premier.
china's premier at the g20 summit and say, look, you said you were with us in clamping down on north korea. we found out your trade has increased and the mobile rocket launcher that they used was chinese made. you know, to me, they can all smile and shake hands for the photo ops. nothing changes. >> no, nothing changes. you know, duplicitous is a good word. the chinese have been playing us fairly well over the years and i think that what we're faced with is the realization, we have to be pragmatic. we have to try to work through the chinese and try to work with them. we have to try, also, the idea of perhaps additional sanctions. there's not much room left on the table for sanctions against north korea. the chinese have proven themselves able to go around those. now there's talk about let's sanction chinese companies and individuals who have been enabling the north korean
program. that also the likely to fail because of, you know, china's ability, improving ability over the years to work around those sort of sanctions. so, i think we have to try it. we have to-- we have to try something, right? we don't want to just say, okay, our only option is a potential military strike. we have no idea where that would go afterwards. we have to be pragmatic in saying we have to do this and sanctions against companies and individuals and pragmatic, that's not going to work. we have to game out the other various scenarios. it's a very unsatisfactory answer to your question, but, it's the only one out there right now. it's reality, unfortunately. but mike baker, thank you as always for joining us, appreciate it. >> all right, let's take a look at the futures for you as we get ready for the last trading day of the week and a pretty strong jobs report, beating
expectations and adding, 222,000 jobs. that's the headline number, wage growth flat and disappointing. another story for you. an apartment building in southern italy collapsing as you can see there. rescue operations still underway, we'll have the latest on that, coming up after the break and more disdain for president trump from the left. video of missed handshake between president trump and poland's first lady going viral and claiming that she snubbed him and even her husband said that's fake news. more varney after this.
hand and they fear up to eight people may be buried in the rubble here. rescue dogs are on the scene and no explosion according to locals was heard prior to this collapse, however, it is near a railway line. so, the fear is a freight train had gone by and triggered the collapse. ashley: awful, we'll stay on it. a federal judge in hawaii denied an emergency motion filed by the state intended to rein in president donald trump's travel ban. guess who is here to talk about it? judge jeanine pirro. hawaii would love to not enact any part of donald trump's travel restriction rather than a travel ban, but have to go along with the u.s. supreme court at this state, right? >> the judge who declined derek wattson, the judge who initially said the ban was unconstitutional because as far as he was concerned everyone should be allowed to come into this country.
i thought it was interesting, this judge when it was brought before him again just said, you know, i demure, let's leave it to the supreme court. he got slapped down by the big guys. he wasn't going to change it. the law, the travel restriction has the president had it drafted mimics immigration law and there are people who say, the grandparents aren't in there and this judge said we'll let the supremes decide this one. >> in october they take it up. i suspect that the travel restriction will definitely be upheld. it's within the president's plenary powers, there's nothing unconstitutional about it and no one has the right to enter this country as a privilege. ashley: that's right. >> we decide whether or not we want to afford someone. ashley: you're going to say the travel restriction is going to be held up? >> absolutely, i really believe
that. >> next one for you, judge. much is made of president trump's handshake or missed handshake with poland's first lady, this is what the media wants you to see. they cut it, and now, here is the whole thing. this is what really happened. here we go, watch this. poland's first lady shook melania's hand first, as is customary by the way and goes on to shake the hand of donald trump. even poland's president tweet this had. contrary to surprising reports, by wife did shake hands with mrs. and mr. trump of an a great visit. and that's fake news, that's from the president of poland. protocol, first lady to first lady and then of course with president trump trump. what do you make of this? >> what is incredible i listen to you, now we've got the president of poland saying this is fake news.
i mean, everyone is picking up donald trump's news. she makes eye contact with the first lady of the united states, they shake hands, thinking that the two presidents are speaking and it's not at all unusual. get over it. ashley: that's the best they can come up with. what's what i think in this situation. >> i can't wait to hear what happens when putin and president trump meet, it will go on for days. ashley: each second. >> what was going on in the kbg's mind and art of the deal's mind. . ashley: great stuff. don't forget to watch justice with judge janine 9 p.m. eastern on the fox news channel. thank you very much. your daily dose of outrage, new york city's ultra liberal mayor. bill deblasio jetting off for the g20, anti-capitalist
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thereabouts before the markets open. we're going to open higher. strong jobs, stronger than expected for the most part. and the futures after yesterday's selloff pointing to some early gains. now this, new york city mayor bill deblasio skipping a police ceremony, swearing-in ceremony and go he is what? jetting off to protest at the g20 in hamburg germany, a day after a police officer was assassinated, killed in cold blood. i mean, that, honest just stands for itself. speaks for itself. e-mack, what's the justification. liz: basically he's going to join 10,000 other protesters to protest the policies that he dislikes discussed over there at g20. so, he's going to attend several events and you're right, he did skip a swearing-in ceremony for 524 new police recruits. this comes a day after that
mother of three was shot in the hedden an assassinated and killed. so, you can imagine the new recruits may be edgy given what's happened to the police officer. and he may visit his son dante there on internship. his republican opponent said that it's unbelievable. a police officer murdered, homelessness has skyrocketed and police delayed on the subway and penn station, and where is the bullet-proof glass in all the vehicles. ashley: a very good question. liz: the mayor has plenty to work on if he stayed here instead of jetting off. ashley: have we heard from deblasio himself, has he tried to qualify and give a better explanation. liz: no, by the way, it's an african-american cop that has been assassinated. we've not heard from al sharpton or the black lives
it's a powerful thing to know where who you are and where you come from. i didn't know a lot about my personal family history. and through ancestry it brought us closer to understanding where i came from. finding out that i'm part native american and that i was related to one of the founding fathers i think has brought me closer to feeling more patriotic, definitely, and also feeling more like this is my home and this is truly where i came from. i'm jamie and i'm the fifth great-granddaughter of benjamin rush. ♪
with mexico and see how it all turns out, but i think we've made very good progress. >> thank you very much. i want to thank you for opening this with president donald trump. and i'm sure this is going to help us continue that will all allow-- especially for security, for the security of both nations. especially on our borders. and working on migration issues that both of our nations are
occupied, our administration-- >> and of course, both of our administrations have taken upon ourselves to really admit than it's responsible with the organized crime issue. thank you so much for this opportunity. thank you. >> thank you very much. thank you, everybody. >> do you want mexico to pay for the wall? >> thank you. thank you all. thank you all. ashley: well, there you have it, short and sweet and we heard mostly from mexico's president. we've made progress in our talks, quote, unquote. and they continue to have strong dialog with the united
states. i'm sure that can be good or bad, but at least they're talking, especially about security along the border. there you have it. donald trump having some moments there with the president of mexico. of course, in just about a quarter of an hour from now, he's set to meet with russian president vladimir putin which promises to be very interesting. wall street is up and running, let's check the big board for you, the dow 30, more green than red. that's up 50 points after losing about 7/10 of a percent yesterday, but gaining back about 50 points of those, most of the stocks moving higher. just as we've gotten the session underway. let's check the s&p 500 for you, that, too, moving higher. mode modestly so. and for the nasdaq, same story up 4/10 of a percent, and it's been a rough week for shares of tesla. shares are up after it won a contract to provide backup power to a blackout prone region of australia, south
australia. that stock up. tesla gaining back modestly, almost 1%. take a look at shares of berkshire hathaway, striking a deal to buy one of the biggest power transmission companies, encore. berkshire hathaway up marginally, up 11 cents. joining us to talk about it all. liz mcdonald. larry levin and jeff sica in the studio. the big story of the day. the headline number pretty good, larry. what was your take on it. >> a pretty good number after we have seen the rally stock number. and able to stay on the upside, i think you're going to see more of that. the number was really good across the board and i think that's going to keep pushing the markets higher. >> shares of tesla are up after we won that contract to provide backup power, for a region of australia, south australia. jeff, tesla had a rough week, is this a car company or a battery company? when we get news like this out
of australia, you kind of think it's the battery company. >> and here it is, elon musk wants to put more annoying tesla drivers on the road, more snobby tesla drivers. ashley: you found them annoying? >> they look down-- yeah, snobby. they have one clear problem and that's, what are they going to do when they can't plug the cars in before they go dry and there's a power outage. this whole battery initiative is suppose today bring them to a point that they have the backup battery, when they can't plug the car in, they can drive anyway. if that's a big deal, i really don't know. ashley: quickly, i have to get this in because larry levin, i would not call him snobby, would you. >> of course not, not larry. he's the exception. >> i'm double snobby, i have two teslas. >> oh, no. >> i love the cars. ashley: why do you have two?
>> i have one and my wife has one and we charge them every day and i'm all about the solar roof and not worrying about a power outage. if i had a power outage in my house, i'm in a little bit of trouble and charge that before it happens. liz: here is the thing on tesla, it did lose over $12 million on market value wiped out because of disappointing quarterly numbers. and they're saying the model three will be rolling out and they want to ramp up production of 20,000 of those a month. that's pie in the sky stuff. they're having difficulty doing 20,000 cars, hang on, had a quarter. that's an issue for tesla. it's now still a car company, a vehicle company. ashley: that's the iphone moment, the excitement of a new iphone. >> they want to have 500,000 cars on the road ultimately in the next couple of years. and this is the problem. a lot of people own tesla because it was a unique concept or brand. they want to put more of these cars on the road with the lower
price point. it's going to lose a lot of that-- a lot of its buyers that want to buy them. they want to stand out and now they're going to become more commonplace. >> losing the snob factor. >> as liz said. losing the snob factor. elon musk has a very hard time managing his cash, that's proven time and time again. liz: and they're now below gm in market value. ashley: let's move on from tesla. take a look at shares of berkshire hathaway, striking a deal to buy one of the biggest power transmission companies, encore. larry, everyone listens to warren buffett when mr. buffett buys something, what do you make of this? >> warren buffett wants to spend the 96 billion, and this is the start. a huge acquisition and i would start trying to pay attention to what warren buffett is buying in the future.
there's a premium on what got caught today. it's a big opportunity as far as that's concerned. >> the price of oil and gas going up. the national average on regular now at 225. i can hear stuart crying from here. larry, that's not good news for the summer driving season or have we been lucky up until now? >> i think this is lucky, a bounce off the lows, but i don't think it's going to sustain, i think it's going to fall back down. energy production in general, gasoline is continuing to go in the right direction and that will not allow oil to go higher in my opinion. wa, wa. liz: the sad trombone. ashley: it's sad, but pretty good when you consider what it could be. the dow is up marginally higher, we'll take it, up about a fifth of a percent. still pretty good. whole foods unanimously recommending that shareholders vote to approve a deal.
this according to a sec filing. nothing going on. whole foods stock essentially flat those to $42. some of america's best known processed food brands as americans switch to healthier clo choices. we're seeing this. >> and this could be the end of the iconic hamburger helper. liz: more like hangover helper. >> where everybody is going with organics, processed foods people are reading labels and seeing processed foods, a lot of things that are unhealthy. because of the amazon acquisition of whole foods and what's going on with trader joe's. these organic foods are becoming more and more affordable and as they're more affordable, they'll turn away from processed foods and turn to more organic foods and a lot of the brands that we all grew up with will disappear.
cheese whiz, i don't know what's going to happen. ashley: anything better than cheese whiz? and copy editors encouraged for a buyout. liz: they're mad and calling it a betrayal and humiliating. we're on the front lines, stopping errors and copies. and they're going to cut them in half to increase the reporting staff. now, listen, this is new york times stock plateaued over the last three years, pretty much treading water. and double digit decline since 2016 has them bumping up slightly and this is a media empire that's under duress, underfire, could couldn't really get this in order. it's paying massive payments to swamp or surpass the quarterly profits. >>, but, are there job cuts and they're replacing them with reporters? >> the copy editors, are saying
that this is a really bad move because we are the guys on the front lines who stop all sorts of errors and problems and copy. >> interesting stuff, e-mack. >> we'll stay on the story for you. >> thank you. >> hulu now offering h.b.o. and sin max -- cinemax and that's good news for the cable cutters. >> and they are hiding in the grass. ashley: shaking in their boost. >> hulu is offering the price, and more con at the point in time they're providing like netflix and hulu, the less successful the cable companies are going to be, very, big move for them. liz: comes on the advance of game of thrones, july 16th. i think that they did that. ashley: there are more subscriptions to streaming services than cable describers, we've gone beyond that tippingpoint. liz: that's why you have the amazon dish talk. ashley: thank you. an issue before you go, guys,
the left staging anti-capitalist protests outside of the g20. i always say, wouldn't it be great not to have a job, travel the world, use mom and dad's money and say how obviously capitalism is. larry, you and your tesla wouldn't go near one of these things? >> no, we'd be too snobby to do that. it's concerning though, this morning, it was reported that melania trump couldn't leave where she was staying to leave to an event. it's that serious. hopefully nothing too serious happens. i don't think we'll see much peaceful protests and it doesn't get too bad. >> anti-capitalism, anti-globalization, anti-whatever, just fill in the blanks, but they've got a venue to do it, that's high profile. >> and they're anarchists. plain and simple. this is terrible for all those protesters that have a voice, that want to be heard, and then
they have these people coming in and they have no agenda. the signs say welcome to hell. they're creating the hell as anarchists and creating a bad situation for us that believe that free speech should be protected. ashley: what does it accomplish? >> it doesn't accomplish anything. if they're protesting human rights for the countries at g20. that's one thing, but you've been covering these more than a decade. i don't think they accomplish anything. ashley: they don't believe in any system and-- >> and when there's a crackdown, a crackdown is viewed as restricting their freedom of speech. that's not right. the crackdown is to protect the citizens. ashley: exactly. thank you very much. jeff and larry, thank you very much for joining us on this fridayment we appreciate it. take another look the a the big board for you, after yesterday's losses the dow coming back a little bit. up 56 points at 21,375. up about a quarter of a perfect in the early going.
happening moments from now, the headline meeting of the g20 summit. president trump meeting with president putin. boy, oh, boy, we'll take you there when it happens. >> 222,000 jobs created in june. if we had more skilled workers, electricians and plumbers, welders, that number would be higher. we'll discuss that next.
>> all right, we're waiting for live pictures or at least taped pictures from a few minutes ago. the start of the meeting between president donald trump and russian president vladimir putin. this on the sidelines of the g20 summit held in hamburg, germany. this will be the first face-to-face meeting of these two world leaders and they have plenty to talk about. of course, the crowd of russian interference in the 2016 election will be one of those. but just yesterday, donald trump taking a swipe at russia
during his speech in warsaw, polan poland. and they have to stop backing certain u.s. leaders deems as inappropriate, referencing assad of syria and those certainly will be speaking points, but a lot of people say body language, everything of this meeting will be dissected second by second, minute by minute. we had there will be, other than mr. putin and mr. trump, there will be rex tillerson, secretary of sate in the room, his russian counterpart and two interpreters, a total of six people in the room. we're going to continue to stay on these pictures as we wait for that. we're not sure if there will be talking on the tape. but it's a closed door meeting. we'd love to be a fly on the wall on that. we may get a summary of what happened at 10:30. in the meantime, as we wait for
this. let's get back to that jobs report. 22 222,,000 jobs added in the month of june. better than expected. joining us is labor secretary acosta. thank you for joining us. the headline number 222,000, much better than we expected. what's your overall take. what areas would you like to see improvement? >> well, it was a very good number and importantly, we also saw a revision for the april and may numbers by additional about 50,000 jobs. we saw growth in mining which is important. we saw growth in financial services and we also saw growth in health care. you know, looking forward, you know, we need to focus on earnings growth. we saw moderate gains, about 2 1/2%, which is higher than inflation, but obviously, you know, we want to make sure that americans have good jobs and safe jobs and wage growth means more for them to take home. ashley: what is, in your mind, holding back wage growth.
theoretically with such a tight job market, wages should start to rise, right? >> they should start to rise and in that sense, you know, that's what you fear. there's one interesting part of today's report, which is the number of americans in part-time jobs that are looking for full-time jobs. and that number is still a little high. that number is around 3.3%. and that's important because there's still a little bit of slack in the economy. so as we look forward, that's a number that i'm going to be following to see when the market really tightens and we start to see upward pressure on wages. ashley: now, how much of this is impacted by the lack of progress on the president's agenda? the loosening of regulations, the tax cuts and so on? this is all happening with none of that going forward in congress. if that can be accomplished, if the president can get his agenda through, what's your estimate of the impact that
will have on the jobs situation? >> well, the president will get the agenda through and you're seeing record highs in the stock market and very high levels of consumer confidence, all of which reflect the fact that americans are feeling good about the economy, they're feeling good about where we're going, and that's just going to get better and better as the agenda does go through. one important area that the president focused on in june, that i think is having-- that is flowing a little bit and we need to focus on is the skills gap. there are currently 6 million job openings and employers say we want to hire more, but we can't find individuals with the skills had a we-- skills that we need. last week, there was a ceo here at department of labor saying i need to hire 94 welders and i'm losing out 50 million in revenue because i can't find welders. i'll pay for them. i'll pay for them to learn the skills that i need and i'll
educate them if they are willing to come in and do welding. and that's just one small example of what we're seeing across the economy with some 6 million unfilled jobs. the skills gap is real and we at the department of labor are focused on. >> have we addressed-- the president praised germany the way they've handled the apprenticeships and the technical schools that provide the young people with the skills they need to make quite frankly, a very good living. can we get that infrastructure in place sooner rather than later? >> well, the president last month signed an executive order setting up the mechanism to start that infrastructure and here at the department of labor we're working on it right away. we've already started getting that infrastructure in place, and it's so critical because you know, americans should learn the skills that get them real jobs. a higher education has an obligation to teach american
skills that get them real jobs and you see the success of that program abroad in germany and in switzerland and england. if you look here in the united states. individuals that graduate apprenticeships have an average starting salary of 60,000 a year, that's a family sustaining wage and that's higher than a college graduate so we need to respect work and need to give individuals the skills they need because 6 million open jobs is 6 million too many. stuart: last one for you, mr. secretary. president trump tweeting this about the economy, stock market at all-time high. unemployment at lowest level in years and wages will start going up, he says, and our base has never been stronger. we've talked about this before, when will we see wages going up and would you agree with his overall summation of the economy? >> i will agree with the overall summation. we had great news. robust great job growth.
upward revision for the last two months that make the last two months better than when they were reported. the job openings are going to allow americans to get flu -- get new and better jobs and wages will increase as the economy begins to tighten. particularly part-time to full-time jobs, and the number of part-time jobs, convert to full-time jobs. >> we talk about the importance of small businesses in this economy. such great job creators and the engine room, if you like, of the economy. have you seen the confidence of small business owners improve or are they getting frustrated with the lack of progress in washington? >> not only have i seen the confidence improve, but if you look at the surveys of confidence among small businesses owners they are confident. they are very positive, and they're investigating in the
economy. just last week i was talking with an individual who was saying, they know a small business owners that wasn't going to open some franchises and after november decided to open two additional franchises and grow their small business in louisiana. and that's just one small example of small business owners saying, we feel really good about the economy and we're going to grow the economy by opening up more businesses. >> all right, secretary acosta, thank you for spending the time with us this morning, on what certainly the headline numbers, very impressive indeed. thank you. >> thank you. ashley: all right, let's-- as we continue to wait nor, waiting for pictures of donald trump, vladimir putin in a room, meeting on the side lines of the g20 summit in hamburg, germany. we're waiting for that. in the meantime, we kind of wonder what, as we know, anything that donald trump does these days is put under a microscope, every little thing we pass, every second of every meeting he has.
and he's on the world stage here meeting for the first time face-to-face with vladimir putin. taking a swipe at russia on a speech in poland, know the to destabilize them in the world, not to align themselves as dictators and a reference to assad in syria. all of this is a nice, you know, laying the groundwork if you look for the meeting today. so we know that vladimir putin is a very shrewd politician, a former kgb guy, who likes to size up the person on the other side of the table and respect strength. we know that about the russians and especially vladimir putin. >> you're absolutely right. so the issue right now is that putin and russia has been making aggressive moves in the ukraine. and supports syria and iran. the senate. here is what's interesting. in december, the u.s. seized two russian compounds here in the u.s., in retaliation for
russian meddling into the u.s. election. >> right. >> the senate voted 97.2 recently in favor of keeping the russian sanctions and the amendment to the eye rain sanction bill and would require any strict congressional review. if anybody in the trump administration tries to overturn or ease back on russians sanctions and impose new sanctions against russia to deter russian aggression in the u.s. the talk that they're dialing back on those, we have to get to the details underneath that and what they're doing as well. ashley: tammy bruce is joining us. what do you expect about this. it's all about optics and they're going to dissect this, who won, who lost. the body language. what are you expecting from this? >> know the mu--
not much. it's like a boxing ring. we're going to size each other up, and both have interests in what happens at home as well and at the same time, they're reporting when how it comes to world leaders with trump. they come prepared with packages that can give him a win and they also know that they can't stick to a script. that they have to be prepared. and this is good for us. they're effectively confirming, they're a little on their heels and they don't know quite what to expect. this is donald trump. he doesn't have to work at doing anything to win in this regard. he has to be himself because of what he's already accomplished in this regard. when this comes to sanctions and the issues when it comes to the compounds that obama imposed, one of the reasons why we're not giving-- the russians want that back. the russians have stopped construction in st. petersburg of part of, i think, of our consulate there and refusing to let us proceed with certain things so that's another
bounce, it's certainly not an uneven dynamic, what's happened there and what's happening in russia with our buildings and our consulate. so, i don't think anything major would necessarily be discussed, but i think that when you're looking at the context of the g20. the price of oil as well. that's plunging and something that russia relies on, just like with iran and mostly, also, russia and china dealing with the issue of north korea, and they came out yesterday, saying, to the u.n., oh, that wasn't an icbm. we're going to be against sanctions in north korea and that's the russian position. >> that's right, so, russia, it's got some-- we know what russia is going to want. they want to dock us back essentially here in the united states. in perspective, russia's economy is smaller than india, it's half the size of france. so, it's putin who is on his back heels right now. he's got-- he's been dealing with rolling
recessions throughout his time in office. ashley: no oil prices and the economy. liz: right. there has been rioting and protests throughout russia as well which he has stopped, he's been accused of political assassinations in his own country. of going after journalists repeatedly. so, the whole idea that putin is going to outmatch trump, you've got to put it in perspective. russia is in a weak spot right now. ashley: that said, tammy, russia, putin m respects strength. he likes to take his shirt off and wrestle tigers. i go back to kennedy and khrunichev, and khrunichev thinks that kennedy is week and next thing you know, there are missiles in cuba.
and has he exhibited strekt strength? >> he has, putin's experience with obama is the middle east, and that's a weak american president and he knows that's changed and trump has got great advice with the team that's surrounding them. he knows what we need to accomplish, a batch of things, the middle east and north korea and trump does not need to assert or reassure putin about where he stands or what he is. we know he's not barack obama. he's already proven that with strikes regarding syria and even the strength of that stopped the additional syrian gas attack just the other day and that tells you something. his aggressive stance in north korea has been established so i think that putin realizes that -- he's going to have to be assessing the reality of donald trump and liz is absolutely right, that putin is the one who is in a great deal of trouble economically. he's put forth a stronger
position, but it's all, if i may say, it's a village, it's a front. donald trump's strength is real. he's issued it. he's applying it. that poland speech, the speech in warsaw was him taking control of the western world. and that was clear. that's already occurred, that's now undeniable and putin is in trouble and now it's a matter of what can we get from putin being in this stronger position. and we're in the catbird's seat. ashley: a good place to be. joining us now, and thank you for joining us, is one of things between the meeting is define common ground? >> i think so. you know, the president came into office with the idea that with closer cooperation with russia was in our national interest, mainly countering extremism with the middle east.
in this case they're going to come up with a statement on syria and obviously, you know, russia is in a strong position there, especially as isis retreats, politically they're holding a lot of cards. there will be some, i think, temptation by the president to, at least on a public level, probably make some statement that reasserts the united states' position on some of the issues that i think that people are looking for, this leadership of the western world, in the poland speech. this is sizing each other up for future meetings. ashley: what did you make of the polish speech. it's been called reaganesque. speech? >> well, i thought it was a well-crafted speech, particularly for the audience in poland where, as you know given theirç history, they are at a strategic crossroads whether it's been in world war ii or during the cold war. and i think that kind of
rhetoric -- they also share an affinity, i think, for this idea of a threat from the outside particularly from immigrants coming into poland. and so it was deliveredded, i think, both for a global audience and a local audience. of course, it was well receivedded there in warsaw is. but i also think this question of western values, we have alliances with japan, with korea we're trying to forge with latin america. we have to be careful, i think, how we define the question what is a western value versus what is a universal value that the united states ised slow candidate -- united states is advocating. ashley: and the russian meddling in the election last year kind of hangs as a cloud over this. is donald trump in a difficult position? if he gets on famously with vladimir putin, will ores say, well, of course he does, because he was in collusion with the russians to get into the white house? >> i think it depends on what he says outside of the formal
scripts of these meetings. it's in those off-script moments that people look for signals. ashley: right. >> he's going to be on message in probably his official statement following the meeting. but the question is really can they focus on issues like syria, can they focus on issues like north korea and perhaps avoid some of the trickier issues which i think members of congress back here in washington care about a lot which is more of what is russia doing to disrupt our democratic process and what they're doing in ukraine. >> the state of russia's economy is dire right now. just studying u.s. statistics on it and central bank statistics. they are suffering through what we suffered through in 2008 in terms of the collapse. so the western sanctions on its banking systems, russia is really in a lot of, a world of pain right now. the banks are masking their problem loans by relenting to each other to -- relenting to
each other. the value of the ruble, russia's currency, has been cut in half. wages are plummeting in russia. so putin is under fire from his own constituents. and so the fact that the west has put sanctions on russia's banks is really turning the screws on putin. so in other words, we talk a lot about russian meddling in the u.s. election and, oh, putin seems really all-powerful right now. no. the economy, as tammy and you and i have been talking about, again, it sits under the size of india's, it's half the size of france. the fact that oil prices have been cut in half over the last five years has thrown russia into a serious financial, economic crisis. and i don't think that's enough in the headlines. and so that's the backdrop to this trump/putin meeting. ashley: let me just reset very quickly. we are waiting to get some initial tape of the start of the meeting between donald trump and vladimir putin. i'm told it will be live, even
better. so we're waiting for that. it is expected just moments from now. as we wait for that, we are seeing, as you can see on the other side of the screen, protesters once again taking to the streets. don't watch it for too long, otherwise you're going to need pepto-bismol as camera follows these anti-captain -- anti-capitalists, they've got a well-attended platform to carry stuff out. we see it every time the g20 gets together. we saw it in seattle, in london, it's the same old story. but we continue to follow those pictures as well. tammy, i mentioned to stuart about the russian interference in our election, the suspicions --ç although there's never been any proof of collusion between the trump campaign and russia. that's a part of this as well, is out not? and there will be members of the media really honing in on that to see what clues they can get from this initial meeting. >> that's where it becomes
slightly absurd. it's been a year now of multiple investigations regarding supposed collusion, multiple former heads of agencies, current heads are saying there's no evidence. this is something that is within the american political system was an effort to, of course, try to not be as embarrassed by losing as badly as they did. at the same time, we know that russia has a history, of course, of interfering. so we know there's a dynamic there, and of course, the american political question of why didn't the previous president act more strongly on that. at the same time, of course, you've got an american media -- we're already seeing it today -- where that is the only thing that's being discussed about collusion or about trump says he never met putin before, but maybe he's lying. and it's all these conspiracies that we're seeing emerging constantly out of the american media. the world isn't seeing that. the world is seeing what poland sees. europe, of course, they're seeing it through their own eyes. it depends on which country
you're dealing with. germany's got its own problems, of course, there are factions there. but it's an american conspiracy theory that is based in a politics that isn't even what's really on the ground. i think that putin, some are arguing that putin sees the american system in chaos. no, he doesn't. he knows that's, of course, as false as we are. i bet he wished he had some collusion with the american president, but he knows that's false. this is why it reinforces putin's weakness in this regard, and all you hear about collusion remains just this kind of fantasy within the american media. and it's, certainly, they're also missing -- what they're missing what the conversations are here. liz's points about the economy in russia -- ashley: right. >> my points about the fact that the strength trump already has in his existence not just after poland, but because of his work leading up to this regarding russia and syria and our action there. those things aren't being discussed because they're
focusing on the falsehood of the collusion. ashley: changing gears just a little bit, stuart, yesterday weed had lieutenant colonel ralph peters on the show who was very, very complimentty of the -- complimentary of the speech in poland. i don't think you can make that point strongly enough. and, of course, he pointed out that poland is actually contributing 2.5% of its gdp which is half a percent more than it has to to nato. but his point was, you know what? the e. u., more better or worse, they are our allies, and he should stop bashing them over this and that he's already made his point. what say you? >> well, i think he's having an effect, and you've already are seen european defense ministries scrambling to try to figure out how they can work with their legislatures to provide more financial support to nato. that said, he did reiterate
article v which was, of course, missing from the nato speech earlier. and i think that it's a question of putting it in context. and in this speech he gave, there was a lot of, i think, very substantive articulation of why the united states and europe share these values, what is under threat here. and i think those were the main takeaways from the speech. and, of course, there is going to be discord on, with europe. there has been, by the way, under every administration since the united states effectively helped create and push for the creation of the european union. forgets that we were vigorously behind that, whether it was reunification of germany or pushing for the e.u. ashley: right. >> i do think it's all about context, and it's time to look at putting those talks on the defense budgets into the, you know, the cabinet level and moving forward with what we have to deal with which is a global threat from a lot of people who want to do us harm.
ashley: that's very true. tammy. >> yeah, on that point, reports late last month america's nato allies in europe and canada will increase spending in 2017. this is according to official nato statistics. 25 nato allies plan to increase spending in real terms this year. it is because donald trump -- ashley: call them out. >> -- calledded them out for it, publicly shamed them for it, and it's working. it's not a victory for donald trump, even though it is, but it's a victory for the world, it's a victory for western civilization that these nations are committing even more money. we are going to be needing it. ashley: it also makes the point you can't take america for granted, right? >> and that's the difference in the world view. people say, oh, trump's an isolationist. he's not, clearly. ashley: no. would you agree with that, stuart? [inaudible conversations] we're just waiting now. we're going to get into the room where the leaders are.
there they are. let's listen in. [inaudible conversations] >> thank you very much. appreciate it. president putin and i have been discussing various things, and i think it's going very well. we've had some very, very good talks. we're going to have a talk now, and obviously that will continue. but we look forward to a lot of very positive things happening for russia, for the united states and for everybody concerned. and it's an honor to be with you. >> [inaudible] [inaudible conversations]
[inaudible] definitely we need personal meetings. [speaking russian] >> translator: and i'm delighted to be able to meet you personally, mr. president, and i hope -- [inaudible] our meeting will yield positive results. >> thank you. thank you very much. [inaudible conversations] >> thank you veryç much. thank you. thank you. >> thank you. thank you. ashley: all right. so there you have it. again, short and sweet, but we see the two leaders, donald trump to the right, vladimir putin on the left, just giving a quick summation of what's happened so far. donald trump saying it's going very well, look forward to continued talks. talked about various things, as
he put it, and then vladimir putin at the end there saying very happy to meet donald trump personally. so all very happy, all looking relatively relaxed as you can be with the world's media hunched into that small room with the camera clicks going off. but we, obviously, would like more detail, and we are expecting to get that sometime later this morning. tammy, your first impressions? >> well, you know, i think that it's what you would expect, not many details. but i think some in the media will try to analyze, in fact, body language and the two handshakes. and as long as they do that, they're not getting into the details of vladimir putin's position. ashley: yeah. >> they're not getting into the details of the strength of america and exactly what we do want to accomplish. they don't want to talk about north korea. they don't want to talk about the condition of isis right now and what's happening in that regard. and this is why you'll see some headlines that will not --
they'll discuss, again, putin and the hoax of the meddling and body language and who was bent over -- [laughter] ashley: right, right, right. >> and the handshakes, of course, with the first ladies in poland the other day. i think donald trump seems rather confident, as he should be. ashley: stuart, what can you read into what we've seen? they look reasonably comfortable. donald trump seems relaxed, as does vladimir putin always looks the same to me. [laughter] what's your impression? >> well, i think it was as predicted. this was establishing a baseline. not a lot of detail. i did notice that mr. putin referred to both bilateral relations and issues in the world that require attention from both countries. i think that bilateral relations comment was pretty significant in that he's trying to look for an opportunity to reset with the united states.
of course, he's a master chess player, and i think as has been pointed out, while president trump is a very strong leader with, who's demonstrated that america will act, mr. putin is very patient, very, very sort of sly, i would say, manager of issues as it relates to how they play out, and he's playing a long game here. so this is just really establishing a relationship between the two leaders. ashley: stuart holliday, we thank you for joining us this morning. >> thank you. ashley: we appreciate it. let's bring in now van hipp, chairman of american defense international. van, so here we are. we finally see donald trump sitting next to vladimir putin. they all seem fairly cordial at this point. what's your expectations of today's meeting? >> i think it's like an ali/frazier matchup. i'm kind of dating myself when i say that, ashley -- [laughter] ashley: i'm with you.
>> i do think this president is going in there in a position of strength. go back to i think it was march of 2013, brussels, nato. president obama said the country of georgia who we had supported for nato membership for many years said is no longer on a pathway to nato membership. that was a sign of weakness, and this guy is all about strength. we sent mixed signals, they went into cry mere ya,ç we know -- crimea, we know the rest of that story. president donald trump has strongly supported it. he's shown strength. i think this lng, this liquid national gas deal in poland is a big deal. i spoke a couple years ago to officials in obama's energy department who were frustrated because they realized that putin had a monopoly on energy with our allies in europe. little things like this or i think this president has done, he has set the stage, he's brought his a game, and i think he's dealing from a position of
strength. ashley: and he's dealing with someone who is, quote-unquote, sly. he's very shrewd. he plays the long game. donald trump is new to the politics or the, you know, the world of politics. however, he is a seasoned negotiator. how much will that help him in dealing with putin? >> i think it will. putin, he's sly, but he's also a slug. and i think this president from queens understands that. he's had to deal with a few thugs before. [laughter] and i think this president actually has kept putin guessing. i don't think putin has actually figure out who donald trump is. and he's even said that, you know, this guy is not a traditional politician. putin has actually said that. so i think this president has kept him guessing. ashley: what's the key here? is the key to find common ground, yes, you should show strength and, you know, hold your ground, but finding common issues that you can agree on, how important is that? >> i think it is. like radical islam is one that the president talked about on
the campaign trail, an area where they could work together. and i think they'll discuss that. and i hope that north korea will be at the so much the agenda -- at the top of the agenda. the russians have begun to move troops to their border with north korea. they do have a border with north korea. they've begun to move troops there. and the russians could actually help us put pressure on china. china probably has a better intel understanding of what's going on in north korea than anyone. that's got to be, i think, front and center, the top issue between the two today. ashley: yeah. but the russians and the chinese took a swipe at south korea and the u.s. saying you shouldn't be holding those military exercises, as they said, a knee-jerk reaction to what north korea is doing. i would imagine that the u.s. not happy with those comments. >> you know, those joint training exercises have been going on since we signed the armistice back in the 1950s. ashley: right. >> that's old news. so i think we just kind of brush that off.
i think this president is -- you know, look, as far as north korea's concerned, and this is the sad thing, prior administrations both republicans and democrats kicked the can down the road, and they have left this president with a mess. but i think thus far he's making the right moves. ashley: another one, van, very quickly. u.s. defense secretary james mattis says the trump administration remains focused on finding that diplomatic solution to north korea. he says we're not closer to war despite the launch of that icbm. >> i think what he's saying is he's not surprised they have an icbm actually. about five years ago i wrote an op-ed for fox news saying that that i thought they were very close to the icbm then. and the reason i said that, they used a rocket that uses the same delivery system as their missile to, guess what? get a satellite in space. so is if they had the ballistic and delivery technology to get a satellite into space five years ago, that told us then they were very close to having an icbm.
so i don't think secretary mattis was surprised by what happened this week. ashley: and, van, what about this issue of syria and the russian backing of assad? it continues to be a major problem. can these two leaders figure it out? >> i think as far as common ground is concerned -- and iç think secretary tillerson ghei us a clue -- gave us a clue when he said how we get humanitarian assistance in there, that's something we can work on together. but here's the problem with syria and putin. putin has made a fortune off the assad regime selling them just about everything you can think of. they've been a cash cow for putin at a time when he needs cash. ashley: all right, van, thank you so much for join ising us with your insight -- joining us with your insight on this fascinating day as donald trump meets face to face for the first time with russian president vladimir putin. anti-capitalist protests continue at the g20 summit.
blake burman joins us now from hamburg. what's the latest? >> reporter: we join you from the second floor of our press filing center here, ashley, as the protesters -- you can probably see only of them here -- some of them here behind me, some of the anarchists as well. our breaking point was when our photographer noticed they start taking some of the cobblestones and throwing them against the window, shattering some of those windows. that is when we decided it would probably be best to come indoors. earlier today melania trump at her residence, the first lady, couldn't even get out. the hamburg police decided to make a decision there wasn't enough clearance so she, in fact, had to miss her first event morning. the spokesperson for the first lady describing that as unfortunate. to the politics side of things, two major meetings here in hamburg today with president trump and what you just saw moments ago, vladimir putin. just six people in the room will for that meeting; the president of the united states, the russian president, the top two
diplomats, rex tillerson, sergey lavrov, and the two translators. that was it. the meeting is still ongoing just about a mile away from us. and by the way, another one this' very important in its own right, president trump with the mexican president, a whole slew of issues there for those two to discuss. the president was asked after that whether or not he still intends to build the wall and have mexico pay for it, and the president responded, absolutely. ashley, from the second floor of our press filing center inside the hotel room, i'll send it back to you. ashley: relaxing, having a latte, watching the stuff out the window. good stuff, blake. probably the best place to be as those protesters once again hit the streets. listen, i don't want to make any more of this than it is. these people, these anarchists, these anti-capitalists show up at these events and just create havoc. and that's it. it's not because of any particular world leader, they just want to make a point by
burning cars, smashing shop windows and generally causing mayhem. >> yeah. i like how some of them are environmentalists, and they're burning cars. ashley: exactly. >> if they were protesting human rights abuses in turkey, russia, china, saudi arabia, that would be one thing. they are just ambient kind of protesting, anything. and so this is an indication that germany's a free democratic system that allows these protests to go on. i mean, i think these protests right now seem pointless. it's unclear what exactly they want except to just smash windows and cars -- ashley: honest people and honest business owners are just trying to make a living. >> well, these protests, of course, are not new. they've that happened for years at a variety of different world events whether it's seat, now in this case -- it's seattle, now in this case germany. it doesn't mean that you need to put up with violence. you know who these individuals are, you know it can devolve and
usually does devolve into that. the fact that germany has allowed to get this out of control, that it's like a war zone, that the spouses of world leaders were blocked from getting out of a hotel,ing that theç first lady of the united states was effectively hostage for a period of time speaks to how chaotic the dynamic is there and to how merkle -- even anticipating this, this is not a surprise, europe has seen it over and over again -- they still did not have the wherewithal to at least protect people that are engaging in this large event. i think it just speaks to the nature of what european leadership says it's doing verse russ what it can -- versus what it can actually deliver. ashley: all right, tammy, thank you. we are, of course, about money as well. let's check the big board more you. weed had small gains at the beginning of -- we had small gains at the beginning of the session, up 32 points on the
dow, 21,355. take a look at the price of gold, that's been going up recently but losing ground, down nearly $10 on the day at 1213. and, of course, check the price of oil, seen gas prices going up but oil coming down nearly 4%, down $1.67 at $43.87. new york city's mayor, bill de blasio, well, he's gone jet-setting to germany, joining those protesters at the g20 summit is. i doubt he was under the water cannon, at least i don't think so. this, of course, just one day after an nypd officer was assassinated in cold blood. we'll talk about that. and former labor department chief of staff paul conway will join us to weigh in on the june jobs report. more "varney" after this.
ashley: we're up 60 points now on the dow, not bad. the s&p and nasdaq also moving higher. all right. while overseas in poland, president trump warned about the dangers of big government. roll tape. >> finally, on both sides of the atlantic our citizens are confront by yet another danger, one firmly within our control. this danger is invisible to some, but familiar to the poles. steady creep of government
bureaucracy that drains the vialty and -- vitality and wealth of the people. the the west became great not because of paperwork and regulations, but because people were allow to chase their dreams and pursue their destinies. americans, poles and nations of europe value individual freedom and sovereignty. ashley: joining us now to talk about that particular angle, kristin tate, author of the book "government gone wild." kristin, i would imagine this is right up your alley because donald trump talking about the dangers, the steady creep, as he put it, of big government. and, what, you're a libertarian, so you must totally agree 100% with donald trump. >> yeah, you know, donald trump has always been about america first. but yesterday was the first time he kind of put that aside and embraced western values as a whole. and i think he did a really great job of pinpointing what is the biggest threat to the west.
it's not russia, it's not isis, it is big government and bloat bureaucracy. and, you know, ashley the left love toss protest and embrace socialism, but it's the people, the values and the freedom that make the west so great, not government. of and, i mean, we've seen parts of western europe start to crumble by embracing socialism. some of these places are starting to literally rot from within like greece. look at what's happening there. the government continues to spend more than it takes in, and by promising its citizens more than it can afor, it's gotten itself into -- afor, it's gotten itself into more than it can handle. ashley: another one for you, kristin, new york city mayor bill de blasio in germany to join protesters at that g20 summit. he's leaving here just one day after an nypd officer was murdered, assassinated in colded blood. he's also missing a police
swearing-in ceremony. kristin, let me ask you, what's your thoughts on that? you know, look, his movements, the mayor's movements often counterç to what people think's appropriate. how can you defend something like this? >> it's indefensible. this is insulting on so many levels, ashley. i mean, this is nothing more than an all-expense-paid trip for de blasio to go protest our own president -- ashley: right. >> -- and visit his son who's currently living in berlin. and, of course, he missed the nypd swearing-in ceremony which is insulting enough as it is, but it's made worse by the fact that last week a female nypd cop was horrificically shot in the face while she was just trying too her job. de blasio is anti-cop, he's always been anti-cop. the nypd force knows that, and i bet a lot of the cops at the ceremony yesterday were happy he didn't bother showing up. it is so hard fors too their
jobs today, and it's because of the anti-police environment that has been create by politicians like de blasio and president obama. ashley: e. mac, you that a clarification on this story. >> yeah, i was wrong, i made a mistake. i said that the officer was african-american, she's of dominican descent. so my apologies to her family and to the viewers. the sister of the slain officer -- by the way, mother of three and former red cross worker -- the sister is saying that the mayor, de blasio, needs too more to protect new york's finest. she's saying, adriana sanchez, he has too something for this madness the stop. they need to protect police officers. they should be putting bulletproof window glass in all of the nypd police vehicles. remember the two cops who were shot in 2014 in brooklyn? the mayor has been saying, yes, we are planning to do it.
but this officer was shot in the head while sitting in a mobile truck through the glass. so, you know, the fact that he's off protesting with 10,000, you know, protesters against capitalism when there's so many problems here at home and 524 nypd recruits just sworn in, skipped that ceremony? people in new york city are saying, hey, wait a second, what is the mayor doing? ashley: kristin, very quickly, your take so far on president trump's visit to the g20, how's he doing? >> i think he's doing well, and i think his speech in poland was the best we've seen from him. he project strength, and we saw some vintage trump especially in the q&a when he start attacking cmn. again, he put aside that america first mantra for a bit and focus on core values that can and should be embrace by all western civilizations. ashley: kristin thank you so
much. we appreciate it on this friday. the june jobs report came out this morning showing employers had add 222,000 jobs last month. that's much better than expected, by the way. joining us now is paul conway, former labor department chief of staff. paul, what's your take on this latest report? >> i think it's a strong report especially in the context of what's going on here. the president has a foreign policy, he has a national economic strategy, and this number when you take a look at it, i think, is very reflective of the fact that optimism remains very strong for the president for his commitment for lore taxes, tax reform and basically deregulating, using the federal government to step back off the backs of small businesses and major companies in this country and put people back to work. if you take a look at it within that context, it's very strong. in the details of it, you're seeing small business growth in states that have been way behind over the past few years; north dakota, south dakota, maine, you've seen a lot of growth in that area.
you're also seeing a quit rate now where more people are leaving a job to find anotherç one that's better paying, that's close to double what it had been in 2009 which is a very good sign. ashley: talking of pay, why is out such a struggle to get wage growth to start picking up? it's such a tight labor market, surely the wages should start to rise. >> i think they will actually rise. i think you're taking a look here at a president who's only been in office now five, six months, effectively getting his cabinet in place and the policies. but i think as you've seen the labor market tighten, there's still a substantial number of people that are out there on the sidelines. it's good that the u6 number's coming down, you have more people that can come in, but i think the competition for talent is going to raise salaries among employers. i think that will come soon. ashley: if the president can get his agenda in place, and it's been a struggle up til now, but if he can get this business-friendly agenda actually enacted, what does that do to the economy and the jobs market? >> i think what you'll do is
you'll actually see much more substantive growth in the job market. right now i still think you have a lot of americans that are in jobs making ends meet, but it's not the full-time, meaningful job where their training is now. so before those skills atrophy, i think there is still room for growth, but i think once the policies come into place, that optimism will be translate into more hard actions especially among small business, 200 employees and less. ashley: give them that confidence. paul, before you go i also want to. ask you about something completely different, your efforts to help people with keyny disease, keep -- kidney disease, keep working. can you explain? >> sure. real quickly, i have the honor to serve, and as a 36-year patient who's done dialysis and had a transplant for 20 years, the idea of taking people who might end up on dialysis, intercepting them earlier and getting them the right information about their health and the right information they need to stay employ is a critical issue.
so we partner with the me call education institute -- medical education institute, and we came together as patients, and we had private sector support from pharmaceutical, die crag sit clinic inc. and many others, and we came together. we took a look at this issue as a coalition. and the bottom line is the earlier you get to people, encourage them to stay employ and not drop into disability or quit their job, you can actually intervene and keep people earning the money they need to reach their aspirations, paying taxes and lighten the load on taxpayers. you can slow the growth of the disease. this is over 20 million americans have this disease. over half of them are in the work force. ashley: we wish you continue success with that program. paul conway, thank you so much for joining us. >> thank you. ashley: we appreciate it. now this. hulu ised aing hbo and cinemax shows to its video streaming service. e. mark, this deal comes right before the new season of "game
of thrones." >> which i know you're a fan of. ashley: you haven't slept. [laughter] >> yes. it's hbo and cinemax, that's what hulu's doing. so it's, basically, without the commercials. if you want hulu it's $8 a month. all in you want both hbo and cinemax, it'll cost you $43 a month. ashley: right. >> you get sopranos, you get game of thrones, tv, sports, classic tv. so hulu is really stepping up its game -- ashley: more cord-cutting incentives. all right, gotta get some slope though. [laughter] coming up, leaders condemning north korea's missile launch, warning additional sanctions could be place on the nation. but is the nation we need to come down harder on china who reportly built the launcher that they used to launch that missile? gordon chang joins us next. ♪ ♪ç
restriction as the president that it draft mimics immigration law. and there are those people who say, well, the grandparents aren't in there. and this judge, you know, is liberal and as hateful of donald trump as he is just say we'll let the supremes decide this one. ashley: when do they take it up, in october? >> in october they take it up. i suspect that the travel reduction will definitely be upheld. it is within the president's plenary powers. there is nothing that is unconstitutional about it. ♪ ♪
ashley: a quick look at the big bore, te dow lost about 150 points yesterday. we're up 61 points at 21,380. meanwhile, oil starting to move lower at $44.13 a barrel. now this, the leers of germany and china -- the leaders of germany and china are pledging to boost economic cooperation between their two countries. joining us now to talk about this and other issues, gordon chang, author of "the coming collapse of china." gordon, let's start there. is this the beginning of the new alliance? do you see that? >> i don't think it's an alliance, but it is an intensification of a friendship. you know, it's no secret that trump and merkel have that a rocky relationship.
ashley: right. >> you know, that g20 photo, xi jinping of china was standing next to merkel, trump was way down -- ashley: yes. >> essentially, it's a bad time for them to have a problem because trump is going to impose some economic costs on china for its support of north korea and, you know, germany, if it wants to, can backfill. it can actually help the chinese economy, and that undercuts u.s. diplomacy. ashley: right. look, when the chinese premier was down at mar mar rah mar-a-la honeymoon peer. but then i think the a managers upset beijing by the arms sale to today won, $1.6 billion, also they were doing business with north korea. so this whole assumption that china could put economic pressure on north korea went out the window. >> yeah. last week, i think, was tactical brilliance for trump.
what trumpty in mar-a-lago early april was to give china a chance to help us on north korea. and it absolutely fail. so what trumpty last week was he move away from carrots to sticks and, therefore, we saw cutting off the chinese bank, arms sale to taiwan, the meeting with modi of india and also dropping chai into the worst category in the trafficking in persons report. you had a freedom of navigation operation in the south china sea, owl -- all of this within the space of five days. that's not coincidence. [laughter] ashley: but the fact remains that we need china to help with north korea, right? >> yeah. ashley: and do sanctions work? >> well, we have try -- ashley: because they haven't up to now. >> we have try for two decades to be, you know, give them carrots, give them concessions to get their cooperation on north korea. it's absolutely fail, ashley. so what trump has done is he's really pivoted. now he's imposing costs. it might not work, but it's the only approach that hasn't been try over the course of three
decades, and every other approach with north korea has fail. so trump has to do this. so if he fails on this, the only recourse then is force, and that could be horrific. so we have a moral obligation to try every single thing before we start to use our military. ashley: our last resort. another one for you, gordon. north korea's missile program continues the advance, and you say chinese companies have help to bill some of the parts that were actually used in the launchers. so other than trading, they're actually contributing. >> yeah. on that july 4th lawn of that missile, it carried on top of a chinese transporter erector launcher. north koreaç made an important advance, they test three of them starting august 24th of last year. well, those missiles look very much like china's jl-1 submarine launch missile. i'm not saying the chinese gave it to them, but president trump needs to say in public to the chinese how can north koreans
are launching what looks like chinese missiles? it needs to be discussed publicly. ashley: so they're actually helping while on the surface saying, no, we need to rein them in, but doing something else, you know, behind the scenes. >> well, they're weapon weaponizing north korea. they're using it to perhaps put americans in jeopardy which is going to happen pretty soon. what they're trying to do in beijing is get some short-term advantages. every time north korea does something provocative, you know, we run to beijing, ask for their cooperation, we stop talking about cyber attacks, predatory trade practices, taiwan, south h china sea. so the chinese are using north korea against us. and what trump has done -- and not everything trump has done in the foreign policy area works -- but really what he's been doing with china, i think, is really the right path. ashley: we also, very quickly, had russia and china, you know, blasting north korea for what it was doing for want of a better word, but also admonishing south
korea and the u.s. for holding military exercises. >> and watering down security council resolutions. russia and china are helping north korea, and they're on the wrong side. i think what trump is trying to do with his russian diplomacy -- and there's a lot of criticism of it -- but he's trying to make sure moscow doesn't support beijing down the line. we saw this with the russian and chinese navies in the baltic -- ashley: right. >> and that threatens nato because of the nato members in the area. ashley: i've got 20 seconds. how do we rein in kim jong un? can you do it in 15 seconds? >> yeah. impose costs on china. you tell them either you do business with the u.s. or north korea but not both. ashley: veried goo. gordon chang, as always, thanks for your insight. the left claiming a new nra ad provokes fear and incites violence. nra spokesperson dana loesch will join us next hour.
important, we saw growth in financial services, and we also saw growth in health care. you know, looking forward, you know, we continue to focus on earnings growth. we saw no rate gains, about 2.5%,s which is higher than inflation but we want to make sure americans have good jobs and safe jobs and wage growth means more money to take home. ashley: what is, in your mind, holding back wage growth? i mean, theoretically with such a tight job market, wages should start to rise, right? >> they should start to rise, and that's, you know, that's what you fear. there is one interesting part of to's report which is the number -- of to's report which is the number of americans in part-time jobs that are looking for full-time jobs, and that number is still a little bit high, around 3.3%. and that's important because there's still a little bit of slack in the economy. so as we look forward, that's a number that i'm going to be following to see when the market
really tightens and we start to see upward pressure on wages. ashley: now, how much of this is being impact by the lack of progress on the president's agenda, the loosening of regulations, tax cuts and is do- and so on? this is all happening with none of that going forward in congress. if that can be accomplished, if the president can get his agendç through, what's your estimate of the impact that will have on the jobs situation? >> well, the president will get the agenda through, and you're seeing record highs in the stock market, you're seeing very high levels of consumer confidence, all of which reflect the fact that americans are feeling good about the economy, they're feeling good about where we're going. and that's just going to get better and better as agenda does go through.
ashley: it is 11:00 am in new york, 8:00 in california, here's what is new this hour. nra spokesman dana lash under fire for her nra ad from some on the left to claim it provokes fear it incites violence. former congressman jason jason chaffetz says it is july, we still can't point to a single thing to unite them. he is with us later this hour. has donald trump meets with vladimir putin, anti-capitalism protests turned violent outside the g 20 meeting, police deployed water cannons did break up the crowds. melania trump blocks from going to an event. jason smith taking iphone video busted window at a hotel after protesters came through. protesters through pieces of cobblestone bricks at the windows. that hotel is the hub before us press covering the g 20 summit. a jampacked our ahead, the third
hour of "varney and company" start now. >> just as poland cannot be broken i declare today for the world to hear that the west will never ever be broken. our values prevail come our people will thrive. our civilization will triumph. [crowd chanting] ashley: that is donald trump delivering a powerful speech in poland blues come cup the man who says ronald reagan will be nodding in agreement. breaking news, the federal reserve just releasing its monetary policy report. adam shapiro at the federal reserve with details.
lou: janet yellen will testify, the key headline for investors, the fed has prepared to be slightly more accommodating because it is concerned about the slowdown in inflation. half of the fed policymakers expect the unwinding of the balance sheet to begin before the end of the year. there is also concern about the economy because congress and the administration failed to act on fiscal issues, things like tax reform and they expect the federal funds rate to approach 3% by the end of 2019. they are worried about the tightening labor market but modest wage growth and global productivity in the us as well as other advanced economies has been slowing markedly. one quick quote that will be interesting for investors, a slightly more accommodative path of monetary policy than previous projections would likely be appropriate, a slower rate of
progress towards the committee's 2% inflation, they are worried inflation is weakening. ashley: it will be of interest to investors for sure. let's check the big board for you. here is a look at the dow 30, those 30 stocks more green than red but not by much but the dow up 55 points at 23,00376, we have been in the same range the last hour and a half since the markets open. the s&p also up, modest gain, taking a look at the nasdaq which is up more than 1/2%, 6126. other news, tesla rebounding from a rough week, shares are up after a contract to provide backup power to a blackout prone region of south australia. look at shares of berkshire hathaway. the company just striking a deal to buy energy future holdings corporation for $9 billion cash.
encore, not such a great reaction on the stock price up $0.02. 22,000 jobs in june more than expected, former c ke restaurant ceo andy pozner joins us. what are your thoughts on the latest jobs report? >> it fits in with the narrative we have been discussing of the surging economy. you talked about the 222,000 jobs, about 900,000 since the beginning of the year but let's talk about the people working, 640,000 more people working, 245,000 added month. for the comparable period february to june last year under president obama there were 47,000 people additionally working so a huge improvement, 944,000 more people working full-time jobs, and fewer people
working part-time job so the jobs are better, you see people returning to the labor force, labor force went up -- the population 190,000 so you have 170,000 people reentering the labor force because they think they can find good jobs. it is a positive report. ashley: why is wage growth so muted? >> 361,000 people reentered, 170,300, 190,000 for population came back into the labor force so you have more competition for the jobs that are out there. once the economy starts to absorb these individuals you will see wages go up. ashley: i want to get away from the jobs report and talk about anti-capitalist protests that we see at every g 20 meeting and here they are outside the g 20 summit, why do we see such
violent opposition to capitalism? >> it started -- don't want to give too much of history discussion here but it started in the early 1800s in europe with karl marx and the reaction to the industrial revolution and in this country with woodrow wilson and teddy roosevelt, the progressive reaction to the great growth we had in the 1800s in the 19th century and it continues on, for some reason despite all the evidence, despite all the economic growth, despite all the prosperity that capitalism creates they still seem to think there should be a group of elite people to take control of the economy and government and run our lives. this is something we have to fight definitively. the president's speech in poland, defending western culture was helpful. these people believe government and a group of government elites are better able to run our lives than we are and i think they are wrong. ashley: back to politics in this country. the democrats are floating new campaign slogans in 2018.
one of them is this. have you seen the other guys? that says to me, they are great, the leaning strategy, honestly. >> it opens you up, now looking at you. these people have lost state legislators, governorships, the house and senate. time for democrats to move back to the middle. i pray they don't move to the middle, but republicans will be holding office for a long time so i hope they keep this up, it is a great slogan. nancy pelosi is perfect leader of the party and keep -- stuart: have a great weekend, thanks for joining us. donald trump delivering a speech in poland, made former president
reagan, nodding in agreement. robert charles, former reagan white house staffer, you saw that speech, were you thinking about ronald reagan? >> it was an inflection point, the historical context is excellent. talked about poland's role, the famous patriot who fought with george washington and brought it to the present to show america's role in poland's history particularly getting out from under the soviet yoke. in 1983, when they were shouting on the streets in polish i turns to a friend and the soviet domination, what are they
shouting? they are shouting reagan will show you, reagan will show you and he did. what trump did his pick up on that historical context, remember his wife grew up in slovenia the speaks six languages, grew up under the soviet yoke, secretly baptized at christian. there's a lot of history, a lot of heart and delivered a speech to four separate audiences at one time, spoke to the polls, their courage, their faith, their depth, their commitment to history as western values and what he was saying is we are standing with the polls, not only patriot batteries but we are here for them with soldiers, political will. he talked to greater europe. he said poland is an example of courage and defense of western values really is and that is what we believe in as americans and what we should all be leaving, he chided the europeans about their nato funding noting that poland is one of a couple countries that funded up properly to nato, and in a way he spoke to the american people,
remember who we are, look at us, this is the inner trump coming out. he is saying we are an exceptional country, the polls are an exceptional example of a people who defend freedom to the ends of the earth putting life above him of putting the ideal above life itself. he used the warsaw uprising as a brilliant example and to me it was a profoundly reaganesque speech and demonstrates even though his way of communicating and his style is different the inner heart of this man understands reagan. you could see it across the cabinet and the values that we as americans have always stood for. ashley: we are out of time. we got you to pool apart the president's speech in poland yesterday and that analogy with ronald reagan, thank you so much, we appreciate it. also this, dana lashed taking heat for the nra, some on the left claim it promotes and
incites violence. first, here's a clip from that ad. >> they use their schools to teach children that their president is another hitler. they use their movie stars and thinkers and comedy shows and award shows to repeat their narrative over and over again and then they use their ex-president to endorse the system to make them march, make them protest, make them scream racism and sexism and the no phobia and homophobia am a to smash windows, burn cars, shutdown interstates and airports, bully and terrorize the law-abiding.
make them scream racism and sexism at the no phobia and homophobia, to smash windows, burn cars, shutdown interstates and airports, bully and terrorize the law-abiding. ashley: that is a clip from dana lashed's nra ad come under fire from some of the left to claim it provokes fear and incites violence. now the gun-control group backed by michael bloomberg is responding with its own ad. take a look, roll tape. >> let's take a break from the politics of fear. let's celebrate the values that make our country strong and bond all of us together as americans. be thankful for the freedoms we have. for family, the bravery of those on the front lines. we know america is great and there is a lot most americans can agree on including sensible gun safety laws that help protect our freedom and those we love. ashley: there is the response.
dana lashed joins us, great to see you. what is your thoughts on that response to the nra ad? >> i think it is incredibly ironic because the support is a big group have sent gruesome mail to my home, created videos where they fantasized about killing me, they spread lies about actual gun-control laws and interesting they talk about the liberating freedom while they believe in banning all guns. i want to remind everyone the spokesperson for those groups defines assault weapons, i'm directly quoting her, any firearm that fires 10 rounds per minute. that is basically all firearms was that is where they want to ban but they are trying to deceive you with a smile. ashley: what stands out to me in your ad, the things you are talking about are not made up. they actually happens, the aggression from the left, trump supporters are out, they get attacked by people with masks on. it gets very violent. the images you are posting are
actually real. >> yes they are. they are absolutely real. in this that i created with the nra, this came from concerns from membership, membership was very concerned about a lot of the violence they have been seeing and that is what the ad came from. this is footage of actual violent leftists who are burning buildings, assaulting peaceful protesters and they do it as a form of protest. they think that is protected speech. you and i know there is a huge difference between peaceful protest and violent riot and i myself of organized and participated in peaceful protests. there are some on the left to participate in peaceful protest but what this is is not peaceful protest, these are violent riots, property destruction, people going to the hospital for injuries they sustained from violent individuals. none of this -- this is and
peaceful protest. only some women's group, only some women's march has responded to this as well and i want to respond to that. video emerged of their leader calling for jihad, the key members convicted terrorists, and organizer beating women who are survivors of general mutilation, and they disagree with her about sharia. >> a prominent muslim activist facing backlash about waging jihad. >> i hope that we when we stand up to those who oppress our communities, we are struggling against tyrants and rulers not only abroad in the middle east and the other side of the world and in the united states of
america, and islamohphobos in the white house. ashley: your reaction to the quickly. >> into the topic of it, that ad by the way, that response, that speech was given at a questionable extremist conference held annually and at this conference in 2001, and why are --anwar al alaki spoke, and attacking anyone who disagrees with her stance, she started by thanking her mentor who is one of the unindicted co-conspirators in the 1993
world trade center bombing. this is violence. me condemning violence and explicitly calling out violent acts is not violence. this kind of stuff calling for jihad against donald trump is violent if we want to discussion as to what is a rise in violence. ashley: hypocrisy in its purest form. thank you so much for joining us. we appreciate it. former congressman jason chaffetz saying it is july and we cannot point to a single thing to unite the party. he is here later this hour but first listen to this. >> i was the chairman and was told in november and december that we are going to frontload the schedule into january so that by the time the president is sworn in and it is donald trump, he will have a bill sitting on his desk. we have been talking about this for seven years and here we are turning the corner into july and still can't point to a single thing. she's nationally recognized
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qvc merging with its rival, home shopping network signing a $2.1 billion deal, facing tough competition from e-commerce companies like amazon, hoping the merger will help combine resources and cut costs. stocks moving higher. who lou adding more content, offering hbo and cinemax, the hbo package will cost $15 per month, cinemax $10 per month, that gives you access to programming of those networks that offer their cable subscribers. your daily dose of outrage, bill diblasio jetting off to germany to join the g 20 anti-capitalist protest, it is happening just one day after an nypd officer was murdered in cold blood while sitting in a car. we are on that. donald trump saying it again. pay your fair share. more varney after this. >> americans know that a strong alliance of free, sovereign and
ashley: let's look at the dow for you inching up ever so slightly, 70 odd points. about half of that back, not bad. new york city mayor bill diblasio skipping a police squaring in ceremony and jetting off to protest at the g 20 in hamburg, germany, just a day after a new york city police officer was killed. lawrence jones, host of the blaze, joins us now. seems like when you think he couldn't get any worse he seems to go one better. what is your take on this? >> thanks for having me today. i totally understand today in dallas, texas, we are celebrating and remembering these officers the died on 7-7, gave their life protecting
protesters that were protesting -- we celebrate their lives because they were the good ones. to see bill diblasio to go to another country while he had an officer that risk their lives every day die, was assassinated. i think it shows you the tone deafness of the democrats right now. he should be standing with his people, standing with his officers and it shows why there is such an issue with police officers and the trust with bill diblasio because he doesn't trust them or celebrate demand he doesn't feel he should be with his officers honoring the memory of the officers gave her life. ashley: the swearing-in ceremony re-forces that it reinforces the belief. the democratic party, the democrat party floating new campaign slogans for 2018. one of my love because it is hilarious. it says have you seen the other
guys? which basically says we are not great but we are not as bad as the other guys. is a winning strategy? >> they tried this strategy before. that other guy is the president of the united states. that other guy defeated you guys in the last election. the other guy continues to get victory after victory after every special election. this whole strategy of painting donald trump as saying this guy is irrelevant, he is president and you tried that before and lost. ashley: what about the democrats? the party of obstruction but they have a real leadership problem, donald stern - donald trump tweeting nancy pelosi carry on a leader, do you think the democrats realize they are not coming up with new proposal, they don't have new leadership, they don't have anything. do you think they get it or not? >> i think the younger people in the party, the bernie people
specifically, the same things they did in the past election, hoping they can recover. i don't think they will, donald trump will be reelected, just that simple. ashley: the liberal media dissecting every move donald trump makes overseas, picking apart handshakes to get the speech in poland. what do you make of this media response? >> i called this, they were going to have the camera zoomed in on every move he made is pretty comical. and fat at the same time. the president, a forceful speech yesterday, they are covering that but instead they want to
continue this narrative the trump is a double agent connected to vladimir putin and he is going to overthrow america and through the media doesn't really love this country. which is funny because during the campaign he loved america too much. now he is a double agent for russia. we can't win. ashley: can't make this stuff up. thank you for joining us, we appreciate it. donald trump using this as an opportunity to ask members of nato at the g 20 to pay their fair share. role tape. >> americans know that a strong alliance of free, sovereign and independent nations is the best defense for our freedom and our interests. that is why my administration has demanded that all members of nato finally meet their full and
fair financial obligation. ashley: making that point again. harvard kennedy school professor mc burns. you are a former ambassador to nato. what was your reaction to that emphasis on pay up? >> i think donald trump is right to ask the nato allies to pay their fair share. all previous presidents asked we began to see nato defense spending increase in summer and autumn of 2014 after vladimir putin went into crimea and eastern ukraine and divided it. 20 of the 29 allies have increased their defense spending in the last three years. all of them have promised to hit this, 2% of gross domestic product level by 2024 so that is the figure to watch. backed up by our democrat republican presidents of the last 20 to 30 years. ashley: lieutenant colonel ralph
peters on yesterday, got to stop with the eu bashing, real enemies are iran and north korea, and having to swing the club. >> the european union, donald trump is a critic of the eu, openly ambivalent about nato as well. he affirmed article 5 in the warsaw speech but spent more time criticizing nato. reagan for instance, ronald reagan would accentuate the positive more publicly and have a tough conversation behind the scenes but these european allies, europe is our largest trade partner, largest investor in our economy and the greatest number of us allies in the world are in europe, leadership is better if it is positive, if it appeals to the better nature of
public opinion then if you continually hear criticism from the united states. ashley: you alluded to the fact that the speech, a lot of people called it reaganesque. a guest earlier said reagan would be nodding his approval of the message. would you agree with that? did it rise to that level? >> i thought there were good parts to it particularly when donald trump talked about polish history and the valor of the polls in the second world war, that was very strong and well done. there were parts of the speech that were anti-free trade, anti-immigration. that is not a reagan message the reagan was for free trade and immigration, controlled immigration, legal immigration, he was for it. we heard a nationalist, more insular vision. it played well in poland because it is an extremely conservative government in poland but that government has been clamping down on freedom of the press. it didn't play well in western
europe where the meeting is taking place today in hamburg, germany because those countries believe in the traditional values of free trade, immigration and alliances. the speech had some pluses and minuses in my judgment. ashley: we have seen quick pictures of mister trump and vladimir putin today. what do you hope comes out of that meeting, a lot of people that you won't get a lot but what are you hoping for? >> an important meeting, they never met before. number one, very important they get a sense of each other so they communicate, their inevitable crises and differences of opinion to come and us and russian leaders need to learn to work together. the russians have caused mayhem in ukraine and violated international law so i hope during lunch donald to vladimir and we are maintaining sanctions on ukraine and number 3, we know the russia interfered in our 2016 election, the senate voted
97-numtwo to impose new sanctions on russia led by the republicans in the senate. i hope donald trump will agree to that. this is a sensitive issue for him, he feels sensitive about it but he really needs to own up to this, defend the united states and tell vladimir putin that we don't want vladimir putin interfering in the 2018 or 2020 election. those are the tests of this meeting. ashley: maria bartiroma interviewed with mark mobius, listen to this. >> i think it is good the trump is going after countries who in many cases have been quite unfair. not only in the tariffs but in trade coming in terms of investment. investment restrictions on these countries leave a lot to be desired. ashley: that is exactly what you were talking about. the need for full free trade,
right? >> american leaders particularly republican leaders have traditionally stood for free trade, big free-trade agreements. that is not donald trump's approach so if you're looking for disagreement at the g 20 meeting it is probably going to come on trade. the trump administration is widely considered considering sanctions. and won't be announced while he is there, could be announced later. that is where the friction will come and where the us policy under donald trump is different than under president bush or president reagan. ashley: nick burns, former ambassador for nato, we appreciate it. the full interview with mark mobius by maria bartiroma ends tonight at 8:00 eastern. don't miss that on wall street week. former congressman jason chaffetz calling out lawmakers for not getting anything done and he is with us next. >> i was the chairman and we were told in november and december that we are going to frontload the schedule into january so that by the time the
the production line and the delivery by the end of the month, july 28th. this is where it is lapse savings are out $4.84. the most affordable car, 0 to 60, six seconds. $7500, looking at a two day chart yesterday, touched bear markets, june 23rd closing, and regains momentum back. and the recent selloff.
>> i am with the chairman in november december, and in january, so when the president is sworn in and it is donald trump he will have a bill sitting on his desk. there was a great deal of frustration, the house and senate. they never figured out a plan talking about this for seven years, here we are turning the corner into july and we can't point to a single thing that unite us.
ashley: a lot of people echo that frustration. former utah congressman jason chaffetz joins us now. you are frustrated, i understand that. >> there were two basic premises on which the republicans were able to take power. one was we will repeal and replace obamacare in short order, and still optimistic that we have to get something done. passed july 4th, republicans have to get this stuff done. ashley: who do you blame for this? >> 300 cats are hard to heard. you have roughly 40 in the house, 52, it is difficult, nearly 300 cooks in the kitchen.
into january, i thought these committees were ready to go after we were sworn into january but that was not the case. ashley: now we hear from mitch mcconnell that there is perhaps a plan be out there, to get the effort going with the senate bill, the republicans are going to have to do some negotiations to come up with a different bill. >> it was terribly disappointing. republican swept into power in the house to play defense against the obama administration when they had the house, senate and presidency, and the premise was as long as we had the senate we could play a little offense, but if you give republicans the house and senate, the presidency, we can get things done. it is not a president's job to get a bill on the president's desk it is congress's possibility to get that done. i would argue donald trump did his most important thing in appointing a very conservative
judge to the supreme court. check that box, he did what he was supposed to do but house and senate leaders, you have got to get a bill and vote on something. that is the frustration, don't even vote. the house passed its bill, the united states senate, vote on it and let's see who will do what they said they were going to do and see who is going to check it out and come up with an excuse. ashley: it seems we have this fisher for want of a better word where if you achieve conservatives, you upset the moderates and vice versa and because of that you can't find common ground. >> we call them bedwetters. i know it is easy to complain about it on television or a town hall and tell everybody they are right but at some point you have to vote. a lot of positive legislation
passed through the years, voted, failed and they vote on a different version. deep -- key people's name is on the board, i went to see the vote. ashley: do they get anything done before the august recess? >> i felt like the july 4th break. i thought that was a real deadline. very difficult particularly for the senate to break at the end of july. four five weeks at home with nothing on the board to point to. we are waiting for the senate which is the tradition, waiting on the united states senate. ashley: i can feel the frustration into new york city. hopefully someone is listening in washington dc. now this.
let's look at the price of oil, going down considerably at $44 down 3% but gas on the way up. national average on regular at 225, it is the peak driving season, but we are greedy. next up, we head to hamburg, germany. the police presence, a live report for you next. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.
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and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ ashley: and you see on the other side of the screen protests , the water cannons, pretty expected going on right now in hamburg, germany. we see a lot of violence. is it ramping up again today? >> it is ramping up. we had to come upstairs to take our cameras to the second floor in our hotel because once the object started to get thrown, a couple windows shattered at the hotel, there was a crossing point at which we said let's get inside, let's get indoors
because some of these protesters have taken it across the line like we saw in some cases yesterday where several police officers were injured, protesters are out again today, they are expected to be out again tomorrow at the t-20 in germany wraps up tomorrow as well. one knows on the political side of things. the meeting between donald trump and vladimir putin at least as we know as of seven or eight minutes ago still ongoing. if that is the case it would mean these two are meeting for north of 90 minutes. it was originally scheduled for 30 minutes, now potentially triple that length. after that we will hear from senior administration officials from the us off camera but on the record anticipating to get their readout, their view of how things went between that meeting with donald trump and vladimir putin. ashley: you could argue it is 45 minutes because they have to say
everything twice but what about the white house press briefing? we got word there may be one of those. have you heard anything? >> there is expected to be a briefing, off camera on record portion. normally after these foreign leader calls or visits a readout is put out, a few sentences or paragraphs of what happened during the meeting, we had a readout with the mexican president and his talks with donald trump and the south korean and japanese leaders, the white house clearly going a step further with this by putting administration officials on the record in the immediate aftermath as an attempt to be found by in which get their side of the story out once the meeting between the president and vladimir putin wraps up. ashley: great stuff. protesters hitting the streets,
ashley: all right. as we wrap up our portion of the broadcast, we're getting a report from the associated press that says they put out a bulletin saying the united states and russia are prepared to announce a ceasefire in southwest syria starting sunday. so maybe that is a result of this 90-plus-minute meeting that's going on right now between vladimir putin and donald trump. again, a ceasefire in southwest syria. e. mac, you know, the fact that they're talking for such a long time, maybe this is part of the deal -- >> yeah, maybe it is. ashley: some tangible agreement. >> yeah, looks like isis is on
the run in syria. so you're right, i think this is -- could be part -- definitely what's on the table. ashley: all right. we'll get more details on that meeting, we leave now with the market up 87 points, gaining back more than half of yesterday's losses. dave asman in for neil. take it away, david. david: okay. we owe all those wins to you. ashley, great to see you. welcome to "cavuto coast to coast." i'm in for neil cavuto. g20 summit is up and running, and leaders are going to be gathering for a big reception with a bigger bunch of stuff on their plate. over the next two hours, we're going to be diving into the many storylines and questions that urgently need answers. how to reel russia in, how to get syria to surrender chemical weapons, how to keep north korea in check all while anti-capitalist protests are ripping up the city over there. we've got key guests lined up to let you know everything you have to know. but first, the top story, the meeting the whole world is