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tv   Cavuto Coast to Coast  FOX Business  July 10, 2017 12:00pm-2:00pm EDT

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liz: adding six hours to it. 30 hours instead of usual 24 hours. a way to get new prime members as well. >> a way for us to promote it. neil: we've been giving them a free commercial all day long. let's see if connell mcshane does the same. >> we'll talk about it a little bit. there are other things as you know going on as well. i'm connell mcshane in for neil cavuto. some senate republicans are openly doubting chances of a health care bill getting through. the leader mitch mcconnell has suggested a limited bill, maybe to fix parts of obamacare. he says that could aback upplan. the white house projecting confidence that the president tweeting out this morning i can not imagine congress would dare leave washington without a
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beautiful new health care bill, fully approved, ready to go. let's start with that. we'll move to taxes as well. fbn's adam shapiro here in new york making a guest appearance. he spent a lot of time in washington in recent weeks. charlie gasparino here to break it down. on this health care thing doesn't look like a lot of confidence, huh? >> depends who you talk to. newt gingrich thinks mcconnell will twist armies and get it done. if there is anybody good at twisting arms, getting something through, a face saving way coming out of this it will be mcconnell. maybe what you will see not the deal but the repeal, right? you get the repeal and deal, you work to fix later. it miss them sort of semiface saving way and get to tax cuts. connell: rand paul brought it up and president -- >> the problem with repealing not replacing down the road you set up for the midterms an attack that the democrats can
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say you repealed health care and actually the cbo scored this in january. you would be throwing something like 32 million people into being uninsured. it's a negative for republicans if all you do is repeal. the other problem, when has this congress ever fixed something that it kicked the can down the road? this would be open door to democrats with republicans -- >> i bet markets go up on that. >> just the repeal? >> yeah. what investors are worried about the fiscal stimulus is never coming. connell: allow them to move on? >> if you caulk to investors right now if you talk to a lot of smart money, institutional investors pulling out, a lot of average people putting money in, that is bad sign for the markets. institutional are pulling out because they don't see any daylight, corporate tax cut they're myopically focused on.
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if you see that, that you could see pops in the market. by the way that could be decent political cover. >> mitch mcconnell wants to get this off the table. he could have done it before the july 4th recess. he didn't get to yes delayed the vote. he doesn't care up or down, he wants it out of the way. connell: the bill wouldn't do that. to charlie's point get us moving towards taxes in the time being, very short term. >> get you time being moving toward taxes a worst situation for republicans. >> explain from a political standpoint, isn't there a face-saving way out of them they don't have to do a grand redo of obamacare, just something that maybe moves the ball -- >> depends who you want to annoy the most. face-saving option, work with democrats to shore up exchanges. deal with it again. you will infuriate ben sasse and rand paul and conservatives. that just props up obamacare.
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there is face saving with the voting public but not face saving with the conservative base. connell: we know on taxes that treasury secretary mnuchin told neil in march, that tax reform would be signed, sealed delivered by august recess. there is interview we did it. we played it a lot on the show. a plan could be introduced by september and maybe get passed by end of the year. let's continue with charlie, adam and hadley heath manning into the discussion. good to see you. on this idea of getting taxes, what charlie is getting at, get past health care to the extent, you even if two-part bill, move on start talking about taxes, even doing that done by end of the year what odds would you put on it? >> i think there are some odds in their favor but republicans are making a mistake thinking of policy items in terms of checking off a list of things they promised to do. the problem with health reform in large part they have been having debate on terms of left, talking about how many people
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who have insurance coverage, majority of people gained insurance coverage under obamacare were thrown into the medicaid. change the framing of the debate. don't talk about on the left terms. talk about economic opportunity and wage growth and many things happen for americans across the income spectrum if we get this done. connell: back to the market discussion we started a few minutes ago, on taxes, what is priced in now do you think? >> it is hard to really say. a lot of people think -- depends who you talk to. half the institutional investors i talk to say tax cuts are not priced in. anything you get now would be upside surprise and watch markets go up. connell: i heard people say just the opposite. >> i heard people say just the opposite. my guess if you don't get tax cuts, can't agree on that, you will have some market selloff. you would almost have to. listen why do markets go up? because corporate earnings going
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up. corporate earnings have been modestly okay. so listen, my point is just this. if you do get a tax bill, if it looks like they're moving that way, that is upside surprise for a lot of people and you will have buy in. connell: could this be a split situation, adam? the same way we talk about health care and look at corporate taxes and you say that has more bipartisan support you could get people to support it and help financial markets and do that and help -- >> simple answer is yes. you will get a tax bill by the end. year. mnuchin and cohn and orrin hatch and key is kevin brady. they're arguing about the consumption tax, border adjustment tax you have to pay for the cuts. things wall street will love. republican blueprint from 2016 doesn't drop capital gains but it allows to you deduct 50% of the net capital gains. essentially dropping capital-gains tax.
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business community is pushing back a big way to pay for tax bill, they want to remove reductions for state and local taxes. people in new york and illinois is it fighting against that. business community is fighting against that. >> that is interesting. one other thing, can you get a corporate tax cut without passing the border adjustment tax? >> that is the key question to ask kevin braid different we may get that opportunity on thursday but here's the problem. cohn and mnuchin said%. that was originally an opening negotiation. now they're sticking to it. orrin hatch said no, 20, 25%. if you look at historic tax reform 1986, when they did very much several of the same issues on the table today were on table then, they determined in treasury in '86 and could not lower corporate tax rate and unless you had a corporate tax rate of 33%. how you will do it this time at 15% or 20% defies math.
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then to come up with keep it revenue neutral or allow deficits increase. connell: your argument, hadley, that the devil would be in the details. adam went through a lot of details that could happen. is that argument politically and they could bring and win with, do you think? >> when it comes to winning over the public the devil may be in the details policywise but in terms of communication strategy for the gop we know exactly what democrats will say tax reform. this is only beneficial to the rich. turn it into class warfare. only benefits corporations. republicans need to get ahead of it, explain how reducing corporate tax rates benefits workers who pay a huge share directly of corporate taxes. this is not one class versus the other. wall street will like tax reform but main street will love tax reform too. republicans have to make the case. >> the proposal, if they were to remove deductions for state and local taxes you put chuck schumer in the awkward position defending so-called wealthy people.
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people in texas don't he deduct income tax. i don't believe they have it, florida they don't have income tax but do in the state of new york. what chuck schumer, democrats have to do we have to preserve the deduction for people that make over $100,000 an year and itemize. that is the play. forget the policy issues, putting democrats in the position of defending the wealthy. connell: one of the stories out there, administration put back on it, it is not true, you could make the argument on personal income tax rates going down to 35. push the top rate up to 40. they say that is not true. you're able to pay for some of the so-called middle income tax rates cutting and also corporate tax rates. >> i don't see how republicans vote for tax increase. connell: i don't either. that is why -- >> republicans voted for tax increase in 1986. there was 150 billion-dollar tax increase on businesses in historic reagan tax cut. >> i know but they didn't, they didn't push the upper rate up.
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there are tax increases and tax increase. >> right. >> if you're paul ryan i can't imagine you arguing we need to take upper rate -- connell: get rid of tax cut for the rich. >> orrin hatch said we're not cutting taxes for the rich. he said it in the interview. >> that is when they get rid of deductions. connell: quick last point, hadley, if you want to make it what happens here? >> looking at 40% tax rate on individuals, republicans have to keep in mind, remind the public, many small businesses file you through the income tax code and that would be bad policy and. connell: it is 19 nine .6. they say it was 35. that story they shot down. appreciate it. at the moment president tweeting out by james comey, you may have seen this morning, saying that he leaked classified information. we'll have the latest from the white house. check in with blake burman on that. on the trump putin meeting in the books but russia story is anything but going away thanks
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to the don, jr., story out there today. we'll have blake on that, what it means for white house agenda after a quick break.
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liberty mutual insurance. connell: we were talking taxes and health care a moment ago but what is coming out white house, tweets about mr. comey. from the president, another comey bombshell? that is what president trump is saying essentially. he has issues of his own to deal with his son we'll get to in a second. blake burman joins us with latest from 1600 pennsylvania avenue. hey there, blake. reporter: connell, important to report that the is coming from "the hill," widely read magazines or publications, and they're reporting this, jim comey, former february by director held and leaked out to the media contained classified information. "the hill" is reporting half of those memos contain classified information at secret or confidential level and that is what appeared to have caught the
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president's eye on this day as he tweeted out earlier this morning the following, i'm quoting here. james comey leaked classified information to the media. that is so illegal. now as you remember comey had testified that because they were hess memories and he wrote them down on paper, that they are essentially owned by him. however, because he was the head of the fbi at the time, the other side of the argument is, those are government documents. either way, the white house is saying on this day that this is a story that has legs. >> so the boy scout choir boy defense doesn't hold up here, because if it contains classified information he is apa apparently violating at the very least what all members of the fbi sign. reporter: also today, president trump's oldest son, don, jr., continues to push back against a "new york times" detailing a june 26th meeting he, jared kushner and paul manafort had with russian attorney.
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trump, jr. said initially the meeting was about adoption policy but brought in the scope, now admitting the attorney promised damaging information on hillary clinton. trump, jr., put out a statement which he defended himself n a tweet this morning he said the following. obviously first person on a campaign to ever take a meeting to hear info about an opponent. went nowhere, had to listen of the top democrat on the house intelligence committee, adam schiff, one of the folks looking into part of russian meddling, potential russian collusion story they are investigating up on capitol hill, he, however, connell, called this story, quote, very significant, and said it certainly raises questions. connell: just another monday. blake burman, thank you, at the white house for us. the other thing we heard from president trump's twitter account, move forward in working constructively with russia. we'll talk a few minutes about all of this. "weekly standard" senior writer
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mike warren with us, former bush 43 spokesman mercedes schlapp, and democratic strategist, michael hopkins. this whole idea, mike warren, let me go into this with you first, whether you want to bring the done, jr., sorry or not, whole idea of moving on from the russian election, your take. >> look intelligence agencies of the united states say exactly that is what russia did. vladmir putin apparently didn't admit it in the meetings and president didn't push him on it. important to know not just because what happened in the 2016 election but what would happen in the future elections. is russia going to try this again? without any significant pushback very likely they will. connell: the white house argues, reince priebus doing it yesterday, there was some pushback from the president, i should say on that in that meeting. but we weren't in there. rex tillerson was. you get a number of different stories, mercedes bit.
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the idea we can even work, theoretically that we can work constructively with russia, is that even fair? >> i think you can work somewhat constructively with russia on issues for example, syria, they came to a cease-fire agreement this past week. when it comes to eshoo of hacking or cybersecurity, you know, that is where i don't see you're going to find common ground with russia. as we saw the president had to step back from his comments on the cybersecurity unit. that he said he could create with russia. connell: right. >> obviously i think we have to make it very clear that russia is our enemy. they don't have the united states in our best interests. we have to come down, president trump criticized obama on the fact he did so little on handling the russians and their meddling in the election. he stayed pretty quiet about it, i think for donald trump he would be in position of power, position of strength if he is able to say, look we'll make sure this doesn't happen again
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in u.s. elections. connell: michael star hopkins, the don, jr. story, which blake brought up at end of his report, i've heard both sides all morning long, some say no big deal, you're working on campaign, you have opposition research of course you will listen to it. on the other side you know, well, what we've been talking about all along, there is working together between the russians and trump. how significant is in your view. >> this is insanely significant. let's think about this in non-political way. what we have is the son of a presidential nominee going and meeting with a foreign adversary in an attempt to gain information that could potentially be incriminating to use against another american. that is would cause ronald reagan to be turning over in his grave. connell: not just average opposition research? >> can i -- connell: mercedes, insanely significant, is that overreach? what is your view. >> here is the deal, michael makes that point meeting with a
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foreign agent, clearly on democratic side, ukrainian-american consulting for the democratic national committee, meeting at ukrainian embassy to -- >> that is complete distraction. >> how is that disdistraction we're talking about the facts that foreign agents having these conversations. connell: michael, let her finish. >> let's put it all out there, is, i don't like the fact that there are foreign agents talking to campaign officials whether it be democrat or republican. but we have to lay it out there. if it is russians, ukrainians. they have the sort of opposition research, look my inclination never to have the meeting. what you are dealing with foreign agents having opposition research. puts you in difficult position. connell: let me ask anytime stories come up, what effect does this have on the agenda, getting on the conversation
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going with only three-week congressional session on health care, moving on to taxes what is the effect, has been effect on agenda all this? >> 2 hurts the administration and gives more fuel to the mueller investigation. look, got to think of this from a position of law enforcement. you have in this particular story don, jr., saying he never met with any russian people, russian nationals as part of the campaign. he told "the new york times" that in march. then he says on saturday, well, we did meet with jared kushner and campaign manage, paul manafort but we talked about adoptions. then when provided with more information, the next day he provides a more, fuller statement. i think that indicates a couple of things. biggest thing is that, clearly the fbi is investigating this or somebody in the mueller investigation is looking into this. has information. and is interested in this meeting. the fact that the president's son took basically three times before he was able to sort of
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give a more full picture, i think it's a troubling part of the administration's story with this russian investigation. connell: he was changing his story. >> i would like to add one quick fact. connell: go ahead. >> 72 hours after this meeting wikileaks dumped majority of their negative information on hillary clinton into the internet. interesting to see, not only jared kushner, paul manafort, don, jr., have the meeting, donald trump was in trump towers. 72 hours later -- >> conspiracy theory. let's be real. connell: you can't necessarily connect those two. >> you're exactly, like conspiracy theory number 300,000 by the democrats. you're making this jumps. >> how are we making jumps. everyone campaign is in the trump tower while russian agent was there. >> when it came to jared kushner he diddies close the meeting with russian lawyer. i think, i do believe on the part of donald trump, jr., he should have had the opportunity to just come out with the story and this is where you see where
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the special counsel will have to investigate and make a decision on -- connell: jared, right, mercedes, to be fair took a while. >> took several days. >> took several days after. so it wasn't the first day, it was probably second day -- connell: removing the collusion -- >> very amateur mistake. connell: could hurt your agenda. >> absolutely. connell: right? >> absolutely. connell: no matter what your point of view. >> i think there is no question that every day we keep talking about this russian meeting or that russian meeting it takes away from the fact that the very critical agenda items like health care reform. connell: speaking of which, where are you guys on that? we were talking before. mike, you first, we'll go down the line. do we get health care and taxes most important for our viewers, tax cuts, tax reform by end of the year, mike warren? >> difficult how tax reform gets done which is by the end of august. nobody in washington believes that will be case. connell: end of the year?
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>> end of the year possibly, but defends what it will look like. you had the discussion about health care. will it be sort of idea of repealing or replacing or a half measure. connell: mercedes? >> two quick things, one for tax reform i could see it happening, finishing in the fall. i think you see a lot more common ground when it comes to tax reform, except border adjustment part of the bill. when it comes to health care it is going to be a very tough call. i think it will be interesting to see if mitch mcconnell moves in the direction of accepting senator cassidy's alternative which has more moderate republicans maybe can pull democrats into that vote. that would be like a small bandaid on a very big wound from obamacare. connell: to -- michael i don't know what democrats are rooting for politically in all of this, what gives them more advantage into the midterms, if you don't get something done if you do for the republicans? >> we want to get something done to stablize markets but we'll not allow full repeal.
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as long as president trump keeps drawing attention to the dots, democrats connect them. these are self-inflicted wounds. connell: no tweeting about the dots but everything else this morning. we appreciate it. all three of you. >> thank you. connell: syrian cease-fire came out of the trump putin meeting but the question we have today, will that stick? that we've had cease-fires before. big setback for isis. we'll give you details what is a big win against the terrorist group. all that and more still to come. ♪ with you. ♪ ♪ whatever you want to do... ♪ alright with me. ♪ ooo baby let's... ♪ ...let's stay together...
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charles: we'll talk about what actually came out of the trump-putin meeting, cease-fire in southern syria is something tangible, right? but the question as i said before the last break, will it last? it's a question anytime we've seen a cease-fire in that part of the world. we have reserve navy commander
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tom croroce is with us. >> hope is a strategy. we have multilateral agreement on this cease-fire. you have jordan involved, you have russia and united states and assad regime. hopefully because of the strategic nature of those three provinces in the south, because of the tensions that we've seen over the weekend in the golan heights and border with israel in that area, hopefully there is a pause here and it holds for a while. i would say this is the fifth cease-fire we've seen in as many years. we should have cautious optimism. connell: we've seen this before, every time we see it, we doubt. maybe one time it does stick. the idea of the united states and president trump working with russia in any capacity, we started that discussion, may have seen it a few minutes ago with regard to russia and cyber hacking story came up over the weekend and syria.
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>> right. connell: is it realistic? i know you have have some sort of a relationship but could there be any trust there? >> it is tough. you have the fox guarding the henhouse. the individuals who will be charged with enforcing cease-fire are russian military police. connell: yeah. >> there is no clean hands on either side over there. i think we have to look very cautiously at what the potential is here. there is a good pause, which gives the political solution a chance to work. gives diplomacy a chance to work. but tactically you're giving a paws on battlefield for forces to rearm themselves, equip themselves, that poses dangers too. connell: you're right back where you started from, if someone decides to shoot again. >> absolutely. both sides go to their corners, take over. it is a good thing to have a pause, if nothing else for humanitarian intervention for age cities getting things in to relief suffering. connell: our own body making announcement there has been a
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victory in that city over isis. that adds to what we had already seen reported about mosul being recaptured from isis. how significant is that? >> that is a great public relations victory. a good military victory. there are still some pockets of resistance. connell: where is the gap there? >> the gap is now that you have to hold. they have cleared as much as except for a few pockets of resistance along the tigris. now they have to hold it. the real challenge now the iraqi government needs to get in there, show the people who live there, the population, what the government can do for them. they have to have water. they have to have electric. they have to have medical attention. until that happens, you're always going to have another route for isis to come back to offer the population. connell: organizational type of structure right now where is isis? i know in terms of inspiring attacks, all that kind of thing it's a potent force to put it mildly but as a force structure, islamic state that was supposed to be created in this part of the world, where is that that?
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>> degraded but certainly not defeated. connell: percentagewise is cut back very significantly? >> taking of mosul as territory from isis is significant. i would caution though nature of counterinsurgency operations they will not just take it lying down. there will be an effort, whether asymmetric effort, whether guerrilla-type tactics to remain presence in the city just in case the iraqi government blinks and doesn't provide what the civilian population is looking for. connell: this is pseudo nation-state they liken themselves think that they are, but fighting against them in this way is different. not like you will get a peace treaty everybody abides by so it is different? >> absolutely. some of the worst street-to-street fighting we've seen probably since the second world war in urban warfare. this will not end quietly. it's a great public relations victory as far as recruitment and taking territory. we have to hold the hard part of counterinsurgency, providing
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civilian relief has to occur before any type of solution will work. connell: or there will be a comeback. >> absolutely. connell: tom, thank you very much. thanks for coming in again. there are been more questions raised politically whether the republicans get any major legislation through before this august recess. earlier talking about health care. certainly that is the big one on the table now. but taxes as well. so, investors, wall street everybody is watching this. the dow is only up 21 today, but the question in terms of markets, talking to gasparino about, what if nothing is priced in, nothing goes through, what will happen to the markets? are they assuming what will happen or is sitting different? depends who you talk to. we'll keep talking about it when we come back
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♪ connell: so there is a report from "life and style" magazine about george clean any. that he is is moving his family back here to the united states over fears the uk, where he has been living at least part time
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is at least unsafe with too many terrorists and terror attacks. clooney to some extent disputed that report. we'll talk about that in a second. let me bring in american-islamic forum founder zuhdi jasser. he is open boarders guy. -- borders guy. started a conversation about refugees and maybe there is some hypocrisy here. what do you say? >> connell, this is a great story because it really highlights the hypocrisy of dual life and public individual reol', using muslims in partisan divide and identity politics and realities in their private live, here is guy and his family, married to amal clooney. she is high-profile and arab origin and muslim origin, found themselves moving to the united states because as a family they see themselves safer here. they are frightened by number of
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attacks in the uk. i think the deeper story is here, one of the reasons i do the work i do, connell, i think there is nothing greater that the american narrative to counter the islamic narrative of radicalization. clooneys have new children they will be raising i think they see america as only bastion left in the world where they can raise their kids without dual identity. where a simulation will not be a problem and they unfortunately, their public rhetoric has not matched what their doing privately. connell: this is interesting. i said the clooneys are pushing back to some extent. the push-back, we have two homes, one in l.a., one in the uk, in the country side outside of london. well, with we still have two homes and live in two places. not necessarily changing anything. started this conversation. for people that don't know what is the difference between three different regions, the united states, clooney's home in l.a., so you're there, raising children there, continental
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europe within the european union, i guess you would include ireland in that as well, and the uk after "brexit"? will there be differences? i know terrorist attacks happened recently in the uk happened but is there differences in the way people travel freely in the those areas and will "brexit" have an effect on that? >> i think westminster, manchester, london bridge finally woken up a lot of the british community to their problem. "brexit" was a sign the populace, the population of the uk realized they had lost their british identity to the eu, this sort of mixture of loss of national identity which unites their social cohesion against political islam and influx of ideologies that want to negate secular, liberal, democratic institutions. they're finally starting to grab hold of that, but they have a lot of, a number of generations of loss of time to make up and influx of refugees and sonic boom of cultural loss happening
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has made them really behind the eight ball. connell: not much tighter borders in the uk, will still be pretty much the same as it is in continental europe, within the european union is that your prediction or is that changing? >> absolutely. "brexit" can fix that in one year. it will take a generation to fix that. america is not far behind but we're insulated because of increased huge number of refugees. because americanism, ideology, religious freedom and national identity in our constitution is more protective against radical islam. and i think folks like the clooneys really recognize that. and unfortunately we need cultural leaders like al mall clooney, ariana grande to finally realize they have large platforms to confront this multiculturalism loss of western identity we've been is inning action. connell: but whether george clooney is thrown into this or other celebrities, when they talk about it, sometimes they miss the fact these people
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that are people coming in as immigrants or migrants, whatever the case may be to other european countries are not necessarily being treated equally, right? they're being put in neighborhoods where they're not given the opportunity to succeed. for all this open border and talk of open borders some of these people have not assimilated or haven't done well in many of these european countries. >> connell, you hit the nail on the head as far as bigotry of low expectations not progressive or regressive left. use muslims for identity politics but meantime live in their bubble of security and push them into segregated areas, not allowing them or giving them the tough love of pushing them towards a simulation of cultural -- assimilation of cultural ideas and allow festering radicalization they contribute with the partisan politics. meanwhile their own kids and family are protected realize realities privately they leave us reformers alone to work for
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publicly. connell: zuhdi jasser, thanks for joining us. such an important issue. >> thank you, connell. connell: talk about big business issues here in a moment. stuart varney was mentioning how amazon prime day. all these big offers that they're doing later on today. what that, why that's adding to the brick-and-mortar fears. almost like a verb now now. like amazon. next, boom going bust, retirement crisis hitting baby boomers, hits them hard. millenials could watch and learn from all that. we'll talk about how after a quick break. ♪ ♪ ♪ ♪
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connell: couple aall rights from the retail world today. look at abercrombie & fitch stock price. we've been watching it throughout the session on wall street. it is down 20%. 21.3%. you might have seen a story in the "wall street journal" hey, it is up for sale and that process is not going well. you will see a stock go up on speculation of takeovers. when that speculation goes away, boy, it can go down. best buy off significantly, not as much by 6%. a report that amazon is working on essentially its own geek
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squad, support service similar to the geek squad. amazon up again close to $1000. which brings us to prime day, amazon with its annual day of deals, kicks off tonight officially, 9:00 p.m. eastern time. hillary vaughn with exclusive look at epicenter in the seattle area for the big day at amazon. reporter: hey, connell, that is right. amazon hq directly behind us. we got a first-hand look at their cargo planes. amazon is ramping up for prime day in a big way. first time ever they will deploy their own fleet of cargo planes to deliver deals on prime day for the first time. this sales event generated more sales for amazon than black friday or cyber monday. that means a lot more packages being shuttled across the country on deadline. >> these planes, there are 24 currently operating in the u.s. we'll grow to 40 in 2018.
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this is about getting vast selection for customers within the two-day prime promise. hours and hours of hundreds of thousands of deals. when customers get those done, we'll load the planes off and get them delivered tomorrow for customers. reporter: one of these planes can carry up to 25,000 packages or 18,000 amazon echos or 65,000 books or 225,000 amazon fire tv sticks. the biggest part of prime day comes down to logistics. they go to 13 countries around the world to get packages to final destination. prime day is not only about amazon. thousands of small businesses are participating in this event. amazon says about 40% of the lightning deals you will see on the site are supplied by small independent retailers and entrepreneurs. they say they will see their sales triple on prime day for these smaller companies. connell. charles: amazing. this whole a cosystem out there.
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those companies helped by amazon. the story we did right before you, company like best buy being hurt by what amazon is doing. hillary vaughn out there in seattle. this next story, if you're at or close to retirement age listen up. there is new survey, that baby boomers are unprepared for retirement, having less than half in savings. that is what the graphic shows. they need on average about 658,000, they have 263. chris hogan joins us. what went wrong is the basic way to ask this, chris? >> a lot of people looked at retirement as the magic age, once you hit 65, there will be a magic fairy that shows up to bring retirement. retirement is financial age and number. people have to get into best steps to take to put them in better position. connell: that is a good point. speaks not to boomers who in
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some cases may be too late to get to the place as you want to get to, numbers are wide as averages show, two something to six something, that is a lot of money. if someone is 30 years old or son or daughter is 30 years old, what is the number? what do they need to look at? >> that is something people ask me all over, it boils down to what the quality of your life looks like in your retirement? what are your dreams? do you travel once a month or once a year? i develop ad free tool, inspire retire, at my website, chris hogan dot-com. connell: people are making, $100,000 you say. depend where you live, is that what you look at, here is your life-style, here is what you can afford to do now, what is the in per someone like that would need to afford to do that later, at what age? >> connell, the other thing you take into factor, the other aspect i teach people to do
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across the country, get debt out of your life. it's a thief. connell: all debt or certain types of debt or considered card debt? >> every type of debt available. i'm talking about credit card debt, car loans and mortgage. just imagine how much -- connell: in that order. >> how can much more you can live on without a mortgage or car payment. connell: credit cards are worst of the worst? >> absolutely they are. when you get out of debt, you give your sell a raise. i talked to people living on 3,000 a month are fine. they're completely out of debt. they have a emergency fund. they are able to travel and do some things. depends on lifestyle. main thing, you mentioned, to this early person, this millennial out there, get plugged in, use our 401(k) or 401 b 3, as you can. don't pull it out. it is for later. connell: let me talk about baby boomers we started segment because on average they don't have as much saved. what about their debt?
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at a point month to month, should they focus on debt as much or leave there there and make minimum payments? what do you say to those people? >> i would tell them focus even more so on the debt. look at this and understand, you give yourself a raise when you get out of debt. if i talk to someone in their 50s and 20,000 in credit card debt, i will encourage them, not only get serious about budgeting, cut-back lifestyle or take on second or third job to get that debt out of their lives. connell: right. >> they have given margin to save for the future. connell: amazing number that average. you need 658,000 on average, they have 263 on average. chris, food to see you. thanks for advice and insight. >> thank you. connell: republicans raising for agenda win before they get the august recess started. can they do it, will they do it and what does it mean for you and your wallet all coming up next. dentures are very different
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liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. >> we are back. just about time now for the second hour of cavuto coast to coast. i'm connell mcshane in for for neil today. and lawmakers are back on their way to washington, and they're trying to get something done, maybe health care or taxes or both before this august recess. senate republicans expressing serious doubts, though, about the health care plan and whether they can get anything done. and with the to-do list growing, so are fears that nothing gets done before the recess at all.
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so that fine introduction is where we start things. new york republican congressman lee joins us. that's your set up, congressman. is that nothing is expected. but can it get done? let me start with health care. how realistic is it that you think the senate can get something back to you guys? >> well, i think we'll get a lot more really important intel from the senate this week as to exactly where their process is, their legislative will, working over the course of the july 4th week, last week, from what i would gather listening to some of the sunday morning news show interviews that was done yesterday, you had senators talking about how that original discussion draft has significantly changed. we haven't yet seen what the most recent draft looks like. so depending on what that bill says, hopefully we see the senate votes getting closer topazes, so that we can get
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this on the president's desk. >> you represent a district out on long island, where you're joining us from right now, i believe. are you worried politically about the fallout of this bill? there have been parties in power, be it democratic or republican, and you pass a controversial bill like this, or you don't pass it, and you have to pay for it in some way. have you thought about it? >> republicans, the president himself, as well as we have made no bones about it. we said campaigning last november or for prior elections that we don't support obamacare and that we favor appealing and replacing it. so i believe that republicans should keep our commencements of repeal and replace obamacare. and as you look at the individual market, all throughout our country, either collapsed or collapsing, depending on where you look, it is important for us to get this done over the finish line.
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i would be more concerned about us going back to the voters in the fall of 2018 trying to make an excuse of why we didn't get anything done on any of these issues, and that's just something we're not going to do. connell: what if you get halfway there? they said, well, they repealed obamacare, they said they would, but x-number of people have been thrown off their insurance. >> well, no matter what we do on congress, the other side -- there are people out there who want to support the aca at all costs. they want to oppose republicans at any and all costs and resist, persist, and oppose this president where you will normalize this presidency. no matter what we do on our side, the opposition on the other side is going to try to develop scary sound bytes. and the fact is that as you get closer to november of 2018, you're just not going to see what they are saying come true because the cbo is only
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scoring one bill that we're working on and not any other bill that's working its way through congress right now. connell: what about taxes? what is the hope what you think you can get done there? i heard people like newt gingrich saying let's get it going now. why does it have to be health care or taxes, there are some triggers in this health care bill that have to move on to the taxes. what's the truth on that? >> well, in congress, we're seeing the tax reform process playing out. the house has been working for years on tax reform, so we're able to hit the ground running. the house weighs and means committee doing their hearings, finalizing a bill to work through the end of the process. i think it's the hope to get tax reform on's desk by the end of 2018, and we can all be watching the economy ripping in 2018. but with a new administration and the senate hasn't been
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working on tax reform as long as the house has, the timeline makes sense. connell: i'm going to ask you one russia-related question because you're on the foreign affairs committee. can we realistically work with the russians? because that has come up after the trump putin meeting. is it realistic that we can work or trust russia right now? >> well, first off, it's important that on certain aspects, that certain areas we are able to neutralize that tension that exists, north korea, syria come to mind. where our interests might be aligned, the united states wants to defeat isis. russia wants to defeat isis. when russia makes an announcement like they did a couple weeks ago about how they killed al baghdadi as an american concerned about american security, i was thrilled to hear that.
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it would be good to hear positive more successes of isis wiped off the map. that's one example. connell: all right. congressman, appreciate it. are you flying back to dc or amtrak? you may have heard pen station a little bit of a mess today. >> yeah, no kidding. going back tomorrow. it looks like we are venturing through pen station, so wish me luck. connell: summer of hell is what they're calling it in new york. what we're going to talk about next is the markets and so far this year you see, yeah, we're up 8% on the dow. and you wonder what's priced in in terms of going forward from here? what happens, for example, if these bills don't get done, health care and taxes? we have dan with us, and we have gerri willis with us as well. so, dan, let me ask you. what is priced into the market right now? or what are we assuming will happen, just talking about politics. >> well, i think the interesting part, connell, i don't think anything's priced
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into the market at this point. connell: okay. >> i think we've reached all of those points. i think the market continues in the midst of the uncertainty of what's going on in washington continues to plug along at a pretty good pace. now, the question is how much longer can it continue? and i think if we don't see anything done soon, some sort of legislation get done, i think that's going to be a problem, at least on the short-term. connell: is the risk to the downside if the agenda is delayed or worse, is there a serious risk here of a wall street selloff? >> i don't think selloff in the sense of running for the exits. and i think of course it's priced in. everybody prices in -- connell: a tax cut you mean? >> i'm saying that everybody on the street on a major issue like this is doing probable modeling and saying what don't think the chances are?
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and layering that into those models that they use for all their trading activity. so the idea that there would be some kind of, you know, massive break in one direction or the other, depending on what happens, i think is just -- that's just not right. connell: okay. gerri, you talk to a lot of people, and investors throughout the day, what are you hearing in terms of what assumptions people are making? >> i have to tell you, a lot of people think that this market is going to go to hell and handbasket if we don't get health care reform and tax reform in short order. but i have to tell you, there are fundamentals here that are working. remember, the stock market is really looking at what? earnings. underlining earnings. second quarter have made going to be up 8% in the s&p 500 stocks. in technology, the earnings gain is going to be 11%. there is a there. this is not a bust of ten years ago. this isn't the tech bust of, you know, so many years ago. we're looking at a market that's really moving on fundamentals, and i have to tell you. people are also encouraged by
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the fact this is spilling into other sectors as tech became a little bit weaker. you saw health care, you saw financials, pick up the baton and move on. so i'm not that negative right now. connell: to gerri's point, go back to dan on this and then dave. we might do a little too much on the connection between the wall street world of the washington world. i understand there is a connection and certainly there's a correlation between the two on certain issues and maybe now more than there are has been in the past sometimes. but look at these companies. now we're showing banks. but before that showing amazon and these big tech companies. alphabet and all the rest. so a lot of great innovation and a lot of great things that are done and some of it maybe separate from politics. can we remove the two? >> well, i think we can, connell, and i think gerri is right on the money. i think -- and that's the point i was trying to make. i think the underlying fudgin
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fundamentals are based on some enthusiasm and some things that will happen, already beginning to happen if we start to seek -- connell: we keep going up. dan, is that essentially what you're saying? >> i think if we don't get a tax cut, i think things are going to continue to plug along as they have. but i think it's going -- it's -- if we don't get a tax cut until october, which i think we do get this year, october, november, it's not going to be retroactive to january. connell: assuming we were to get one. what do you say? we're going into the new year, having all of the interviews inspect p. what's going to happen in 2018? we don't have any tax cut on the table. what does the market look like to you, dave? >> well, look, what you've got is an administration that's fundamentally business friendly, that is taking a fairly significant deregulatory tract, which business likes.
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they feel good about it b. they've got big technological up surgeries coming with productivity and what they're able to do and less and less labor. so all of the obama era kind of labor's more expensive things are less and less weighing on earnings. i think it's a pretty good environment. so my guess is the underlying base is pretty good. connell: i've heard that, gerri, from a lot of investors on the story that comes up, whatever it is is that, listen, at the end of the day, his policies are pro business, and that's what i care about. i've heard that from a lot of people. >> right. and these professional investors from wall street, they're not naïve. you wait until you get it before you throw the party. that's just the way it works. people aren't stupid. but i think fundamentally the fact trump is supportive of business, and that's the way to put money in regular people's pockets.
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thank you, guys. appreciate it. the president is holding strong to this america first policy, and he did so when he was over at the g20. does it translate, though, into a win? we're going to talk a little bit more about that coming up. trade and everything else, even climate change. in the meantime, the riots, the protest. there's a lot of that over at the g20; right? a trail of destruction left for many ways why someone here says these protesters may have actually hurt their own cause. that's next.
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connell: to this idea of america first. is it nonnegotiable? president trump overseas not bunging on the trade or climate change on g20. gary is with us now and let's talk a little bit about this. i think two separate issues, by the way. especially from the point of view of economics. climate and trade so climate
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change first. a lot was made from that. everybody with president trump on that. but in terms of economics, if you think this actually might be a win for the united states; right? >> well, look, when you have deals that are basically telling the taxpayer tens of billions of dollars are coming out of you and the economy to hand over to other countries just to comply with these deals, i think that's just a huge mistake, and i think it's a win. there's nothing wrong with taking a step back and doing better as we move forward. and i've got news for you. the climate's going to be fine. our states are doing things. our cities are doing things. we're going green here. nothing's going to change, and i know i heard stephen hawking said that the world's going to end because of it. it's not ending. why do we have to cut these deals with countries that don't even have their own house in order? i don't get it. i like the fact that we take a step back on this. connell: it's interesting, gary, you had a few tweets and then identified me the
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brilliant connell mcshane in your tweets, which we encourage all of our guests to do if they want to be asked easy questions. but i don't know if you want to be taking on stephen hawking if that's the person you want to be debating. >> well, again, i'm not him. he's a genius. but it's not that you're kidding. there's a cottage industry in scare tact it's. we heard it from al gore 11 years ago that in ten years, there will be no arctic ice left and of course that hasn't happened, of course that's while he gets on his private jet that guzzles all kinds of gas. so i'm just tired of hearing from that, billions and billions of dollars going to other countries to comply on a climate deal? that's crazy. connell: but trade is different. one thing on the climate, all
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kinds of reasons. maybe this wasn't a great deal to begin with. but on trade, there are many wall street types that have been a little put off by this administration's policy america first. what do you think? >> well, look, i don't think he's talking america first. i think he's talking better deals. but i think earlier -- the president needs to walk a very fine line. we do not want to get into big trade wars. and let's be clear about something. every president has put tariffs on products throughout history. obama put a big one on steel when it came to china. and nobody said a peep about it. just so happens they're yelling and screaming when trump's thinking about it. you just have to be very careful because for every action, there typically is an equal and opposite reaction from somebody else. and if you get into a you know what match going back and forth -- connell: well, we're already starting to. they've been talking about that already with the steel tariffs and saying they're going to start taxing american products, even control coming in, for example, from america. they're going to put tariffs
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on that. that's startling, at least the talk of it is; right? >> yeah. and, again, let's see if it actually happens. you have to remember we buy a ton from everybody across the globe, they buy a ton from us. if we get into this big war, so hopefully, something could get done. and, look, better deals -- there's nothing wrong with a better deal. i look at donald trump as our tone. he is defending this country as far as how much outlay is going out there and what's been going on throughout the years. and i'm not even sure if he's right or wrong, but there's nothing wrong with just taking a step back and working through it instead of just sending things on its way, which we've done for a very long time and without a doubt has affected jobs and the economy. >> do things just because we've done in the past. the brilliant gary joining us tooted once again. >> and the brilliant connell mcshane. connell: that is right. the potential cyber security
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deal that he was supposedly working out with russia. a lot of blow back on it with republicans, quite frankly. lindseyy graham and others on the sunday shows. the institute for the war, chris and institute expert rebecca and chris, let me start with you on this whole idea about russia, whether it's the answer or the problem. what do you say about working with the russians? especially on cyber. >> yeah. so russia here is the problem. there's nothing wrong with talking with your enemies. there's something very wrong with cooperating with your enemies. so with russia, we've got a storm of educated population widespread criminal organizations and a permissive government environmental that either accepts or encourages cyber crime activities originating out of russia against private citizens, private entities in the united states. at the same time, the russian government itself is sponsoring cyber warfare attacks against the united states. so this was never going to happen. we were never going to cooperate with the russians on
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cyber crimes, cyber warfare, cyber terrorism. cooperation was completely off the table. connell: the president seemed to realize that that was the case or realized that you can't say that that's the case that won't be doing this or to chris' point to be happening. but can the united states realistically work with russia anywhere on anything? syria is a cease-fire, which we've questioned whether or not that's going to hold. but it's there; right? >> yeah. we have to find areas of cooperation with the russians. i think the cyber security situation was laughable, element. but, you know, unlike the previous president, though, president trump does seem to be persuadable when he doesn't have an idea that he's persuaded, and kudos to him for changing his mind. you know, that's a good thing for us and the country. but, yeah, you know the president is a deal maker by inclination. that's the way he's inclined. so he's going to look for opportunity to deal with the russians, he's going to be pragmatic and realistic. as long as he stays course on
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the big things. as long as he expands missile defense and routes isis and syria, i think that that's going to be a win for the united states win for american security. connell: but in that search rebecca is talking about, isn't there danger in that you don't take the previous issue as seriously. that's yours and's own words looking quickly to move on, passing something that was quite serious, the attempted medal in the election, which the intelligence community seems to think, which was something that definitely took place? >> well, i think it's beyond dispute at this point that the russian government tried to medal in the u.s. election. i think it's fair to say that they were out there picking individual candidates. maybe they were or weren't. a multitude of investigations will tell us that. i think it's beyond dispute that the u.s. government wants to undermine the legitimacy by interfering in this process. connell: and this
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administration realizes how that is? >> well, i think russia medalled in our election. so whether or not the u.s. government, the current administration is consistent in its messaging, it's beyond dispute now that that's the reality of it, and i think those multiple investigations by the house and counsel will tell us the truth. connell: it's interesting to see the president tweeting about this cyber security counsel or whatever it's supposed to be. obviously it's not happening but tweeting about that and to chris' point, nikki haley saying, yeah, everybody knows russia did this and taking a much tougher stance. what do you think of that? >> well, president trump, remember, he did say when he was in poland he was asked about a reporter what he thought about the russians and the election, he did say that he believed that the russians did interfere in our election and of course there are other entities that probably did as well. but he did say that russia did. but, listen, you know, the previous administration gave into the russians over and over again. it was on president obama's watch that the russians felt that they had, you know, that they were able to actually interfere in our election
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because they had a weak american president. president obama didn't do anything. not to relitigate th relitigate the past, but that's where we are. we need to be clear and firm on what america's interests are. we need to be sure that that doesn't happen again, and we need to communicate to the russians that the united states aren't going to be pushed around anymore, and they're not going to be pushed around on his watch. >> and they're a friend not a foe, and that's something that seemed to be quite clear, and it was cless lest clear whether he was saying that or not. chris, any more thoughts? >> yeah. the russian people and the american people don't need to be enemies. vladimir putin himself is a thug, he believes that the worst experience of the 20th century was the collapse of the soviet union. he made a fool out of president bush who said i looked into his eyes and saw his soul.
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he's going to make a fool out of anybody from america. >> chris, rebecca, thanks to both of you. there are calls out there to president trump to forgive student loan debt. just forget it. let it go. we're going to discuss that and whether or not it's -- has any merit coming up next ♪
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connell: so there is a recent poll finding 42% of americans believe that the president should forgive all federal student loan debt. the conservative millennial blogger alley is with us, campus reform media director phillips here as well. i guess, ali, the point would be, hey, listen, if you tell me i have x-amount of debt and someone says you should forgive it, yeah, no problem. that's a good idea. but is it an actual good idea for the person? should web forgiving student loan debt?
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>> we shouldn't be surprised about this at all. considering a study came out a few months ago saying one third of all college students are using their student loans to pay for the spring break trip. so managing money isn't necessarily at the top of the majority list. but this isn't something we should be surprised by when we're lebanon at millennials or college students. this is a pattern to further responsibility and instant gratification onto the backs of taxpayers that i don't think college students are thinking about. connell: paying for spring break trips, that goes into the category of i didn't know you could do that. >> i know. connell: good thing i didn't know you could do that because probably you shouldn't be doing that. >> i think the number of students is going to go up now. >> thanks to me. >> well, this idea -- kind of
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brings to perspective the campaign where there was all of this talk about free college; right? these proposals from bernie sanders and i think hillary clinton jumped onboard at some point and said, hey, that should be an initiative it's in that category to a degree. >> this is a mentality we've seen grow more and more, specifically on college campuses campus reform. students are now being taught that any problems they have with a personal or financial, the answer is the federal government. the government needs to come in and do away with all their problems, and that's a dangerous mentality and so many of these students on college campuses now say we're adults. treat us like adults. until being treated an adult doesn't benefit them. connell: pay back money or real life things. >> exactly. adults honor contracts. adults can't say, well, the government will help me out. and these students, it's important for them to learn this lesson early on and being true to the things they said they were going to do. >> if the answer's "no,"
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that's fine. but if either of you have a suggestion, there's another way to tackle college afford that has not been a sense. >> absolutely. connell: he's chomping at the bit, so he's got it. >> we're going to be publishing, senator marco rubio and todd young just put forward a bill that would increase the ability of income share agreements and legitimatize the practice where essentially students can go to private investors and organizations that will agree to pay for their tuition completely and in return, five years after graduation, students will begin to offer a small portion of their salary back to those investors. so if the student drops out of college -- connell: would that be people of all income? >> absolutely. it will create meritocracy where the student won't be completely indebted. connell: does that sound better than forgiving debt? >> it absolutely sounds better and there are other options right now as well. trade school is completely undervalued should be
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something that's talked about more as an option and really on the table for a lot of people. actually, in addition to that, you can work through school. you can go to school and not major in something like ginger studies. you can go to grad school and not feel to go to a field of study like archaeology. you can choose a path that you want to go in that actually sets you up for success. but what we're seeing back on that idea of instant gratification and deferred responsibility is that young people just want to do what's convenient for them and what makes them most happy. the fact of the matter is that bettering yourself by going to school does come at a cost. and like habit said, you have to be willing to pay that price. >> it's okay. i would be forwarding the archaeology and the gender study e-mails to you, if that's all right. from now on. >> yeah. thank you so much. i'll deal with it personally. connell: thank you so much. good discussion from both of you. now, could the president feud with cnn -- you may have heard about it. could it have some business impact?
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maybe threatening at&t's possible merger with time warner, which is cnn's parent company. been working on that, and he is coming back. he'll have the latest on it after a quick break
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connell: back to amazon for a moment and the stock is up today getting closer to $1,000, of course everybody looking for the deals, they have prime day they're starting tonight, again, with the bill deals online. and the other retailers don't look so hot. talking about abercrombie earlier. the sales off the table, so the stock is as well. down 20%, sears down by almost 3%. so like amazon and everybody else. anyway at&t, time warner merger, is that a big focus at the big media conference this week, some other tech and media deals as well. the question is the white house beat cnn maybe has an impact on that deal. time warner, cnn's parent
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company. charlie gasparino is here in new york today, but he is heading out to that sun valley conference. they still allow him in, from what i understand. >> i don't know for sure connell is that true? i don't want to spend the whole time on this but charlie got a little bit of a mouth. you got in a fight with a security guard. >> what happens is the security guard got nasty with my producer. connell: you were standing up for her. >> and i -- connell: anyway. >> stood up for her. enough said. connell: too much, maybe. so anyway, this cnn -- the president, you know, all time tweeting back and forth about cnn, and it has become a big story everywhere. >> cnn is a unit of time warner, which is slated to close in the next 90 days with at&t. at&t's actually buying them.
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so those between trump and cnn over fake news and their coverage is seen -- people in the white house that actually talk about trump to basically kill the deal on antitrust grounds and it's too much of a concentration of media assets that at&t has way too much control over broadcasting and distribution. remember, they're combining distribution of at&t to i think they have directv -- connell: at&t does. >> right. they have all of this content, and they'll be able to control it through the contribution and give ability of high prices. connell: and everybody knows he doesn't like cnn. >> two things that work. while reds believe cnn, i believe he's close to randall, who's the ceo of at&t. i'm pretty sure that they are lobbying the trump administration. and we should point out that the justice department
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division even though it's under the president and because jeff sessions attorney general was under the president, that it operates somewhat separately from the political forces. and there are market people in this. so if you look at the stock, we should pull up not at&t but time warner. if you look at the stock at time warner, it has actually been -- >> i think the deal is 118, but it has been going up on that reason. >> so the point is that the market believes this is getting -- >> that's one deal. so those are two stocks. look at at&t. >> what else? >> verizon. >> okay. >> and disney. disney -- verizon is in the market to buy something. there's lots of talk. the new york post had a nice piece about disney being on the table. we've been telling people that telecom because of the new trump administration is right
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for mergers. and at&t hascontent, they don't have distribution. verizon has distribution but no content. people are talking about this two things. but that's the type of thing. i'm -- listen, here's the thing. when i was out there last year, i broke some pretty big news. i said time warner was essentially in play. connell: did that start there? that's sometimes what happens at the sidelines. >> i said actually google and some other silicon valley names are interested in content. time warner has the content. and, by the way, not long after that our company put in a bid for it and, you know, became public. as you know, that deal did not work out. now they're merging with at&t. so what i'm essentially saying is that this is a deal maker's conference. >> what about the tech companies not only google but facebook has talked so much about getting more into tv. >> the content. listen, the late great investment banker jimmy lee,
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one of the last things, conversations we had, he died a couple of years ago tragically of a heart attack, great guy. one of the best bankers in the world. he told me that, you know, silicon valley tech is yerning for content. and there are all sorts of combining tech with distribution, whether it's online -- >> yeah. to some extent, some of these companies, for example, netflix can do it on their own, and then they have rights to movies. >> does netflix have a subscription? >> well, subscription based so paying them $10 a month or a little bit more now. >> they may go for more content too. so what i'm saying is this conference is going to be -- this conference if we -- if i do my job right and not get thrown out. >> right. >> this conference, we can move a lot of stocks. not that i want to move stocks.
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but we could give you sort of market -- information that's actionable about stocks because there's going to be a lot of deal talk at this thin t. >> so do that and stay out of trouble. >> listen, brian schwartz my auto producer has bail money. >> he does. >> he's like one of these operatives who goes overseas and gives them a few hundred grand in a briefcase. >> yeah. that's what he did. like a metal briefcase, and he knows how to help me. i'm just kidding. i'm just kidding. it's a joke. >> good stuff. what a lunatic. now from that to this, i guess. all of these protests we were talking about overseas at the g20, the violent and destructive anticapitalists protests. we've seen so much of this over the years, and we saw it this weekend. what's behind the mentality of this movement? that's next.
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connell: violent anticapitalism protesters, damage and looted over there in germany. democratic strategist richard fouler is here as well. jonathan shaking his head before i've had a chance to
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ask a question or make a point or whatever. so probably even taking the issue of them being called protesters. what's the mentality behind this. >> they aren't protesters. they're thugs, hooligans who are instigating riots. the '60s hippies were protesters. they were for love and equality. these are not protesters. this is basically the purge come to life. this is destruction for destruction sake, and we shouldn't honor -- we shouldn't insult protesters by calling these hoodlums protesters. >> there's something to that that the people out there sometimes protesting who don't even know what they're protesting about, that they're just kind of professionals, for lack of a better term that are just out there in the streets wreaking havoc, causing damage. what do you say to that? >> well, i think you have to parse the two first; right? i was talking to melissa francis about this a couple days ago. if you have people who actually are there to protest peacefully, and if you go to
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the welcome to hell website, they talk about the reason why they're protesting is the continuous free trade agreements that hurt the working class people, very similar to the donald trump agenda of getting rid of bad trade deals. and then you have these people protesting peacefully and then the agitators, people who want to create destruction and problems, and they sneak into the crowd, and then they end up being the story when 99% of these protesters all around the world are peaceful. >> i've seen that in some protests i've covered. you'll see them coming, they'll come up and hit somebody from behind and try to get things started. this looks like a little bit more than that to be fair, but go ahead, jonathan. >> they actually inspired by the same group. this is all born on college campuses. that's where the anticapitalists, antitrade, antiindividualism ideas are born. and keep in mind, these people are for destruction. so it's not that they're
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arguing for -- they want to work at starbucks or they want to rob starbucks, they just want to burn down starbucks so that you can't go to starbucks. it's hatred for the good of being the good. >> it's a twisted view. let's be real here. what we've seen over the years; right? in american history and world history, a lot of times peaceful protesting has led to stemmatic change. protesters walking across the bridge that got us the voting rights act here in the united states. connell: that's a tough comparison. >> no, but it's always people coming together and living out the constitution and raising their voice peacefully has created change in this country over and over and over again. now, are there agitators, are there people who engage in violence? absolutely. but 99.9% of protesters with a conservative or democratic protesters or progressive protesters are raising their voices peacefully to demand change.
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>> when you occupy black lives matter -- >> black lives matter is peaceful. >> the way to do that is to talk a little bit about the trump agenda. okay? we were talking about this earlier, and i know richard tried to connect the two a little bit to say that the antitrade element of these protests or rioters, whatever you want to call it, kind of identifies with something the president's been talking about. whether that is the case or not, jonathan, the president was overseas, he did talk about climate change, a lot of this agreement with the other world leaders that he was there. that's why that g19 phrase came into play. i talked to gary about it earlier this hour, also trade. i mean, this administration, i know this is something that bothers you; right? being pro free trade. so where do you think we are right now with that? >> well, these antitrade protesters, i assume they're trump supporters; right?
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trump is antifree trade. he talks about wanting to make better deals, and i have to tell you of all of the things worrying the stock market right now in chance of health care and tax cuts getting done. i do think that the potential for trade war is the big uncertainty that could really wreak havoc. if that's the case, he talked about it the entire campaign and the market hasn't sold off on that. >> it hasn't. there have been a lot of bets for a reason of real fundamentally transformative things. positive things for the economy. i hope president trump can live through a lot of the promises that he has made. so far, we simply haven't seen it. connell: okay. now, your point, richard, on the trump agenda. i know you wouldn't be supportive of it, which is fine. but as i said earlier, there are some people and jonathan's not necessarily one of them. but there are a number of wall street people who will overlook issues within the
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trump administration and say the reason i don't care about that -- and i'm kind of paraphrasing random investors, so to speak. they'll say the reason i don't care about that is his policies are generally pro business. and i like that. and that seems to have helped the stock market. isn't thatfair? >> i mean, i think the stock market is also benefiting from the fact that we've seen -- well, we're at almost 70 consecutive months of job growth thanks to president trump's policies. but where i disagree with president obama and agree with president trump is that these trade deals are bad to business and bad for the american people. let's take the transpacific partnership, for example, which is a -- a bad trade deal that obama tried to push that literally endorsed slavery in. that was a bad deal. the one thing that president obama did was pull out of it because it would hurt the american worker and the american people, so if he's going to help the american worker, i'm going to support it every time.
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>> one thing he has done is make it more interesting to moderate these panels. it used to be so easy. well, look, he's the free market kind of guy. and now he's complaining about the republican president and richard's on the other side of it. strange; right? >> yeah. indeed. and it was true during the campaign as well. you had president trump now campaign who was -- campaigning talking about getting out of trade deals just as bernie sanders was. very few voices, however, for free market capitalism. >> it's bad for workers. that's why people are against it. >> trying to send jobs overseas, sending factories to mexico. . >> never trump republican movement seems to be on that side. i did have to pay attention, and i hope i did. the market is up today.
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stocks now up 25, investors waiting for any progress and signs that anything gets done as congress gets back to work. more coming up
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. .
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♪ connell: we are back for race for recess we're calling it is on down in washington. neil coming back tomorrow. you can rest easy on that one. a the lot of questions in terms what he happens with the gop agenda.
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chris ray is testifying, that is on "coast to coast" before the judiciary. janet yellen before the house financial services committee. neil will return to the chair tomorrow. to another chair, another studio to cover you for the next hour, hey, trish. trish: thank you. white house will hold off-camara news briefing. reaction to the health care reform fight and attempt to try president trump and his family to russia. they keep trying and they're trying again. i'm trish regan, welcome to "the intelligence report." senate is back in session but they have only three weeks until the august recess to come up with a health care bill. already republican senators are casting doubt where is a consensus can be reached. president trump asking them to rethink the august recess. why are they going on vacation when they can't get any health care bill done.


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