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tv   Making Money With Charles Payne  FOX Business  August 28, 2018 6:00pm-7:00pm EDT

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dr. martin luther king's niece alveda king on making "money." thanks for watching. charles payne is here with making money. >> thank you, emac. the economy is on fire. the american consumer feeling it more and more. lifting consumer confidence reading to the highest level in 18 years. meanwhile the nasdaq, s&p, russell 2000 finishing at all-time highs. on the trade front, canadian foreign trade minister in washington to discuss what is next for nafta after president trump notches another win in his belt for agreeing to flue trade deal with mexico. here to discuss what is next for the white house, national trade council director, peter navarro. peter, i want to say congratulations. this is a pretty good win for the administration. let me start with your detractors, if you don't mind.
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>> do we have many of those? you have a few at the "the wall street journal" editorial board, they call it economic nonsense, that he use regulation to favor domestic competitors. they also said this is politically managing, trying to politically manage trade. that also, that, if you thought you were going to get support from democrats on this, good luck. what are your comments? >> funny you mention that, charles, before i got on the air here in the green room i was reading the front page of the journal and was struck how the news story was so slanted against what was really good news for this country yesterday. were slanted even on the news side which i thought was weird. the reality here, we have a great deal for the american people and the people of mexico. it's a rare situation where you're going to have two countries improve their situation. the heart of the deal for me, charles, is basically restoring
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north america, particularly the economies of mexico and the united states as a manufacturing powerhouse, which, basically reshores our supply chain. both mexico and the united states have become more assemblers of things like autos than manufacturers. so these rules of origin that "the wall street journal" takes so much umbrage with are standard elements of all trade deals and we just happen to have very tough rules of origin, makes sure we make the stuff here, rather than there. amen to that for president trump pushing forward with that. >> you agree it is politically managing trade, but you say it is necessary to do so then? by definition this is the antithesis of free trade and if it is is that a bad thing? >> let's put it this way, charles, if you didn't manage trade and had a trade agreement, it would say something like zero
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terps. they are necessarily so because we live in a world where every country's industrial policies engages in all manner of fun era nonreciprocal trade practices. our country, we be happy with zero tariff barriers but we do know that the now world. this particular agreement is designed to restore our supply chain in a world where countries around the world basically use their own industrial policy to steal our jobs. take germany or europe, for example, carrots are part-time higher than ours. charles: let's focus on this one. >> that is why we need the high domestic content rule here because the tariffs in places like europe or four times higher and in china 10 times higher. so "the wall street journal" doesn't understand that we live in a world of managed trade around the world, so all we are
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doing here is exactly using free trade agreement to set rules in place which will defend american workers and mexican workers in this case from the ravages of globalization. charles: what would you say to those who are saying that this will make products, particularly automobiles more expensive for the american consumer? >> i would disagree with that. basically, what we are going to see is after an initial price increase, what we see as a flood of new investment onto u.s. soil, the new capacity thereby produces more autos, more steel, more aluminum that brings prices back down. and so, basically the bigger picture here is we've got an economy in how mean and we are putting people to work and what we want to do is think not just about the quantity of jobs, but the quality of jobs. to the extent we create auto
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jobs here at much higher wages, and then people have the wages to buy cars that might be $50 or $100 more expensive because we made it here. this is the kind of thing we have to think about is a country. charles: peter, throughout this process can be taken a lot of heat personally. an article written a couple of days ago said trumps ago said tromso, shouldn't ago said trumps the combatants are being undermined by democrats and the white house did a frequent guest on our show, what do you say when the stakes become more and more personal issue or a true protectionist. not somebody that wants to reset the question, but believe so deeply in the way we operate our economy from here on out. >> first of all, we have a standard line in the white house. we share as we each take the head unit if you're not where the flags the heaviest coming or not over the target. so there is bad.
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personally, professionally idea myself as a pragmatist and president donald trump has come from that same plug. you look at the international trade situation and how the u.s. is being used as the piggy bank and the pragmatist says, hey, we need to change that. we need fair and reciprocal trade that is also free. bring it on, take the hits coming at me however you want. at the end of the day when i'm here to do is help the president anyway i can basically improve a lot of american men and women working with their hands in the factories of this country, working on the farms. charles: i want to ask you real quick for reprinting the panel how we are looking with canada. >> so, everyone should know when they read about leaving canada out of wrapper, we had 11 months of negotiations. canadians have several hundred on their team. over a thousand people between
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mexico, canada and the u.s. participated in the negotiations. we are very close with them. just a few hangups. we believe that to ambassador like kaiser and his partner in this working with the canadian site to see if they can bring it on home. there is a few hangups, but it's not a need to discuss them here. that happens behind closed doors in the negotiating room. it's very much in the candidates and interest to join this hemisphere powerhouse. it's going to be mexico and the united states. they don't, so be it. mexico and the united states will prosper in ways we've never seen before. charles: welcome validity or positive comments from justin trudeau. peter navarro, appreciate when you come out. >> thanks very much. good to see you. charles: nor fox correspondent, christina. benchmark investment -- when you make about we just talked about.
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president trump set as a victory for the markey yesterday said is that it re-and onward towards canada. >> yeah, it clearly was a bit array. when the original nafta and the original deliberations broke him you saw that everybody in the market was taking canada and mexico are going to do it without us. they will sign a treaty amongst each other and that the u.s. out. what happened? the mexican government worked with the u.s. on this. the one thing i do agree with peter navarro on if there is no such thing as free trade. it is only manage trading of agreements going back to the 1930s protecting certain industries especially in canada. he looked at area, look at poultry. when canada was going into the tpp, transpacific readership, they would only open up markets 5%, so it is good to see that the mexican government is siding with the government, the u.s.,
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good, let's get rid of all tariffs. if you are really serious and want to get free trade, let's do it. and then guess what happening. an old antiquated deal called nafta will be renegotiated if i was fine before e-commerce even took effect. this needs to be adjusted. i have contrast with large -- this is what private markets and enterprises do. they look at contracts on a continuing basis. charles: on the grace to your point, i.t. protection is better in this than it was in tpp. agricultural protection is better than it was. of course again, government shouldn't have his fingerprints this involved in trade or else it's not really free trade. >> right, you just understand this is a done deal, this is good. no it's not. 90 days in congress. if they want to join, it seems like maybe they will because of a sunset clause changing every
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16 years in the fact that right now trudeau, the prime minister over there is not polling as well. he wants to show he can get a deal on the table. however coming of a lot of pro-free-trade republicans. a report in the "financial times" saying they are trying to figure out if they can squash the bilateral deal. they originally set a trilateral deal. canada is the united states second-largest trading partner. we cannot discount that at all. charles: kenna discount america? >> that's what i was going to say. charles: i think our trade is miniscule. as a percentage of our overall gdp as opposed to our trade with them in their gdp. >> which is why can the best interest for canada to sign a deal at this because 75% of exports on average, of all of canada's exports had united states. it's a huge trading partner also for canada.
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they should sign it, but we had trudeau who said just this afternoon but it's position on supply management has not changed in that it's in reference to the dairy farmers and their subsidies. i know that was a consensus issue previously. charles: here's the thing because you brought up politics. it is concentrated in québec and ontario. we are talking 20% of the seats where they called writings. so it is politically dicey for an as a percentage of their overall economy it is miniscule and again, does trudeau want to take on this risk, when i think it is number nine, lake miniscule in terms of impacting canada's gdp. it is a source of pride. but they lost a long time ago as far as being a global economic agriculture juggernaut, they collapsed a long time ago. maybe they are trying to protect remnants of that. it is a dicey tightwad for them. >> it's a dicey type walk when
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this administration imposed on wonder. there is dumping of lumber into mills and they were cutting up two by fours and dumping them in the united states. we've seen not work in collecting that set the precedent for what's going to happen for the dairy farms up in canada. economic purists need to be economic realists. charles: heidi take care of a dispute like this? its cross-border panels, canada, mexico lot and they think will give that up? >> no. that's not even worth that much. isn't it 600 million or something? charles: the numbers are small. >> if you look at the big picture, maybe we don't need to focus on that. >> not small for wisconsin. i'll tell you that. charles: it is so politically connected more than anything else. it can mean a lot for trudeau if he looks bad.
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coming up from the president sends a staunch warning to google and other tech giants. stop discriminating or he will stop them. up next.
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>> i think google has really taken it and edge of a lot of people. google and twitter and facebook is really treading on very troubled territory. charles: president trump slamming google and other tech giants for potentially political bias within their search engines. you could discuss the weekly standard, deputy managing editor, kelly jane torrance and attorney guild charter. now a leading to taking some action and many people wonder what they can do against a private company and they run their business any time they
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want. and evidence they're discriminating against conservatives. >> social media and online media platforms shouldn't discriminate against conservatives. and they are discriminating against conservatives. they are getting pushback from president trump and her administration. larry kudlow asked what can be done about this and they said they were investigating that. president trump is trying to appeal to these companies to adopt a fair and balanced approach that promotes a robust political debate because these companies are in the information business and they need to give the information to the people requesting it. they shouldn't discriminate against any conservative ideas, and a conservative news outlets are politicians and it's up to them to take this so they don't be targets of more government regulation. charles: kelly. tonight i have to say, charles
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pomona first heard about this i wondered it donald trump was using melania because there is a difference between a search on google and a search on google news. i use it quite a bit and it figures out what kind of publications you like. and that is one thing i'm reading a lot. and one information i don't think they are. i will see what everybody is saying about it. charles: there is some system to this and some algorithm system that pushes certain stories to the top. often i wonder -- they are in the business of cleaning that up for others. >> it is fascinating because everybody wants to know what's in the algorithm and nobody
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quite knows. and they are spending lots of money, hiring people to make sure their stories have headlines so that they got pushed up in the search results. they get pushed up in the search, but nobody really knows how it works. google is constantly changing it hardly because they don't want people to know how it works because the search engine is what has made them one of the most powerful web technologies out there. that is what they're calling them to do. google, but all these companies make sure they are doing it in a fair, reasonable way. they are not investigative journalist. researching different possibilities, different treaties do kind of chase down different perspectives. so i think there is newcomer account ability and expressing
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it in a non-bias way. >> are we sure it is possible in a way for government to force them to do so. those are questions i have. charles: recently facebook and twitter took huge hit to the stock and coming up, they are juggernauts right now, but i've seen a lot of juggernauts disabuse their customers and they've gone away to worsen buggy. ladies come in thank you wrote very much. markets are breaking records left and right. so the big question is what is next for the economy. we will discuss it next. including nasal congestion, which most pills don't. it helps block six key inflammatory substances. most pills block one. flonase sensimist.
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charles: consumer confidence hitting an 18 year high and enjoying the benefits of a strong labor market tax cuts. just a general confidence that this is just the beginning. president trump waiting in this
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afternoon tweeting consumer confidence pops in august to its highest level since october 2000. here to discuss the editorial board direct their, chief research officer for a squared research. let me start with you. the number keeps creeping higher and higher. you know, what is really interesting is the stock market is up significantly since 2000. consumer confidence will not at its all-time high. it tells you that illustrates how down in the dumps people have been. home prices are up from the stock market is up and we are not even back to the 2000 levels consumer confidence. do you think will get there now? >> i think it's well on its way. i like this economy because this is the economy where you regularly check which are 401(k) looks like a daily basis. you don't ignore it, it, set it off to decide inside a look look at that in a couple months. members are green and then you feel really good about it. the tax cut and people with more money in their pocket.
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we talk about this a lot. the underlying fundamentals of the economy are very strong and consumers clearly feeling it. their money is going further, a lot more to spend in the really comfortable. while they may have chaos, things are going well in america and the economy is one of the top issues people care about regularly. charles: i thought about you a lot this last week he carries you over two or three years ago talk about the need for brick-and-mortar to adopt amish in, the ability to usurp visible presence coupled with the internet, but also we are seeing an amazing amount of foot track. to me that is like the ultimate sign of confidence that you just kind of feel good. over our coming year-over-year they were up six by 4%. people want to go out there and i love the study i was looking out for on amazon prime day. 39% of the people buying
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merchandise oftentimes are impulse buys. in such appliances, jewelry, technology. when people start buying impulse in terms of a real indicator of how the consumer is doing. when they have enough to make that impulse purchase, were it a whole different level at that point. charles: does this thing happen in a vacuum? seems to me this is just the beginning. you just don't feel this way. once you do come you hold onto it for a little while. >> i use this term a lot and i love it. it is called frugal to key and i've been covering this for almost 10 years now. over the course of the poster session, they don't want to go out and spend. we are getting out of that now. i think we will hit a term now where people will start spending a little more, but they save a lot too.
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while they are making impulse buys, they are being a little more surgeries. charles: i do also discern a different post recession consumer when i see saving tip and they come back. but they are frugal fatigue, confidence, all of these things seem to be working pretty big time. how do you think with respect to continuing? >> all this spending is energizing the job markets. the more spending in the more businesses are hiring. the end result is businesses are competing for fewer workers than even have job openings for. more job openings in people seeking them. that means they are competing for employees, offering better benefits and giving them more money than they can spend in this economy. charles: we know the economy is booming. too many americans are being left behind. this on the anniversary of dr. martin luther king jr.'s famous i have a dream speech. his niece, alveda king is next.
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a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. charles: so assign this day in 1963 that dr. martin luther king jr. delivered his i have a terms of challenging americans to have a better society and fight for justice and equality for all. 35 years later, his niece alveda king says his dream is coming true. always a pleasure to see you. >> same year, charles. 55 years we are better.
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train to get know, one thing i always say is i wish we spent more time celebrating how far we've come rather than debating things in the rearview mirror. we are still debating the things that your uncle fought for. but there are some remnants and this is one thing i do want to ask you because what i see in this country is a lot of young adults, black, white, whatever, who feel like now that the system created to let them down or has let them down. the report out today saying in america 3% of americans have food insecurity, 18% of trouble paying medical bills, 18% on medical care at all. 13% are missing utility bills and the full 10% are missing mortgage payments. so when you say those numbers out, what do you think of particularly knowing what your uncle's goals were? >> when i see those numbers, and he spoke in his speech, i have a dream speech in 1963, he spoke
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about insufficient funds in that meant we needed to have more money in the bank, in the moral bank as well as the dollars and sense that we are familiar with. in just a few months i'll have my 60th birth they and my parents were at the speech. during that time, we have to remember that even in 1963, we had the steel mills, the various plants, farmers were working. in the midst of racism, america still had the opportunity to work and contribute to society. so what has been needed is to put america back to work, bring the jobs back to america, the prison reform, all these things president trump promised he would do and is doing. you are going to see the numbers improve more and more. for instance, unemployment is lower than it has ever been for at least a long time. the job market is a. more people are beginning to be
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able to get affordable housing and things. dr. ben carson is doing a good job for president trump. so as president trump continues not only to drain the swamp, but to meet his campaign promises, which he has pretty much met pretty much meant all the promises he has made and exceeded that. you are talking on an earlier segment about the stock market. i have people say to me, even people that make minimum wage, for example, are of little older and all of that. there's a little more money in their paychecks and they are able do a little more and they get an understanding about how to fix and repair their credit. people who were homeless, and hungry, there are problems. i worked for had believe it or not to get people off the street and into homes and into a pattern of trying to finish a ged, get a job, reunite their families. charles: so, alveda, it feels
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like the struggle for folks in stuck in the lower rungs is not a racial thing because people who are unfortunately stuck or whatever, have these obstacles, president trump is taking a different approach to things in these upsetting the establishment both on the left in the right and it feels like there is a lot of money at take the enough is from the status quo. i hate to say it, but there's a lot of money and a lot of power when people are down and out in poor. those folks seem to be pushing back harder against trump than anyone else. >> well, his victim always feels hopeless and if there is no hope. but when you know that there is opportunity and hope and there are many programs under president trump that are providing just that. i believe that president trump has a unique understanding of even what my uncle said, martin luther king jr., we must live together as brothers and i will add a sisters, or perish
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together as fools. so president trump says no matter what color our skin is, we all bleed the same. we have read blood. we are human beings. so he attends to the issues by not making a distinction among the skin color. not color blind. if you can't see color, you need glasses. you've heard me say that. but the skin color should not prevent does for a living successful lives. charles: alveda king, thank you very much, really appreciate it. americans struggling to pay one basic need, whether it's food, housing or health care. or to discuss further, fox news contributor tammy bruce, also president of the independent women's whitsunday maclachlan, vocal commentator. tammy, let me start with you. the thing that strikes me in this country is young american who have lost faith in the system. 45% to 18-29-year-olds only have
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a positive view of capitalism. you wonder because everyone says that this generation will be worse off than their parents and this is the first time perhaps in the history of america that never happened. >> yeah, that is going to change with the policies. consider what the group has come from and what they've experienced the last decade and longer is the w. bush years, the war of course, september 11th, the dynamic with the great recession, the collapse of the economy in that fashion. the abuse of that by president barack obama, obamacare system and authorities if you will, politicians everywhere saying that this is a new normal, that this will never get better and that conflicts with what we see around us. you've got young people who have never had a chance at saving money for the idea of buying a home when they are still living in their parents basement.
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so their life experience has been false. it has been a false dynamic. the president is bringing people up when it comes to the unemployment rate and wages are going up. look at these pockets in the inner cities of these major american cities. chicago, los angeles, new york where liberal policies continue to drive people's aspirations down. there is a balkanization assert politics want to perpetuate and it affects those on the margins for people of color, the poor in general. >> i agree with some of what tammy has said that took to heart what ms. king said about being in this together. we have always had income inequalities that is happening here. it's happening around the world. inequality across oecd countries has been increased in last 50 years. government is the solution, but government has to be part of the solution whether that pay,
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parity and making sure we have some safety net if you get sick or if you can't work because if you are sick -- charles: as a democrat, would you make of the things we see now, the markets of people coming back to the labor force, so these unemployment numbers are manipulated by people dropping out of the labor force. they are going down for the right reasons. i know there is the loyal opposition, but do you always have to push back? do democrats have to push back no matter how big the good news is because when that happens they particularly join them with the media, and it hurts someone who might just be on the cusp of believing again. >> and i take your point well that the numbers are excellent. we know that for hispanics and african american community. we acknowledge that said pat under obama. he did a lot of work as well. i do agree that we have to be
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and celebrate the economic news and they keep coming down even more. charles: we've got to leave it there. folks, we will be right back. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. i couldn't catch my breath. it was the last song of the night.
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charles: well, and the action wednesday classic indulgence, but there was some intrigue and a couple of messages. strong hands and upside bias. let's face it, a lot of people sitting on huge profits and there was this when the market pulled back. instead, fires emerge periodically throughout the session including right at the close, puts all your major indices higher. after the close, hp enterprises and the new results sending shares in both stocks higher. i want to talk about china and free trade. you know, when the financially to defend the status quo of current trade deals, they also
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talk about the magic of money coming back into america any form of investment or foreign ownership of american businesses and assets. listen, no question being a magnet for investment is great proof of the country agrees jobs and opportunities. the problem is only 10% of what americans spend returns to our country as foreign direct investment. now, you would think china investment would be substantial. the 50th win $2 billion actually put at least 10 other countries including spain. moreover countries where trade surplus with the goods and services, canada, netherlands and singapore have combined to provide foreign, direct investment. last year $700 billion to the united states. so what are they doing with all these american dollars? where are they going? china has been doling out millions on this extensively what they sought to do is reengineer the marco polo route, but it's going into a plan for
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eventually all roads will lead to beijing. the problem however is recipients are saying no thanks. the prime minister militia backed away from a $22 billion project and a new version of colonialism in the name of, quote, open free trade. try speculation that pakistan's new government would also walk away. we're talking $62 billion in chinese investments while the critics are calling a debt trap diplomacy. overnight president xi attempted to tamp down talking about exclusive circles are so-called china club. free trade is a nice term, the fair trade and investment is a better reality. the government is giving farmers billions of dollars to help counteract the effects of trade
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and what is happening with china. some say it too little too late. some say the government should be involved in some call it welfare. we will discuss it next. even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there? whenshe was pregnant,ter failed, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa-
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charles: the trump administration pledging to pay farmers for print $7 billion of federal aid to help offset losses caused by retaliatory tariffs. this is the first installment of payments from the u.s. department of agriculture and promised up to 12 billion. however, critics are saying -- some are saying it's not enough to cover losses. others say government should be involved in the first place. some are calling a welfare. back to discuss this, tammy bruce. the one thing i will say up front is this is always written the trump picked a fight with
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china. this is trump's fall. it is trump's trade were in there the government is making it happen when china deliberately are going after these vulnerable areas in the first place. >> china has all sorts of trade barriers. they have there is soybean crops and meanwhile immunize dates, the president saying we have to resolve this. i think what you are seen as the president is trying to be forceful year. he said a couple times and should get her to conservatives about the direction of his trade policy at the end result he wants a zero tariff policy. he wants open and free trade in making this painful for other countries. he has to purchase a little bit of goodwill but the american farmers who are going to be hit hardest by this and using subsidies. they are staying patient with the president.
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the overwhelming majority who supported the president in 2015 are staying with them because they expect at the end of this basic, very much ahead. charles: it is a slippery slope. you have to hope whoever also say we are hurting. >> yeah, all these geniuses who helped a great economy up until president donald trump all lecturing the guy who's had a history personally a success and clearly without exception, everything the president has done housework. he's made a statement about what he wants to accomplish. his methodology is unusual because we've never seen a government tory president operate within the business framework. so now we've seen it and it makes people nervous. charles: a lot of conservatives. a lot of economic conservatives are saying this isn't free trade. we are picking winners and losers that may create 37 jobs but to lose a couple hundred thousand jobs a month at this isn't the way america was built. >> that is a distraction. this is a goal to get to the
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zero framework about genuine free trade. but we've lost the war. we party lost a trade war. we are behind the gun here and he's got to take certain extreme actions in order for us to at least get into a playing field again. you look at the money for the farmers. you call it an investment because in the long run they will come back and make it even stronger. it is not pie-in-the-sky. it's not vague slogans like hope and change. he knows what he's doing. for everyone it as we discussed, they have an investment in the status quo. this is going to change that in this is why we've got to have the president back on this. >> i just want to point out that you said. i'm reminded of sort of a lesson from my childhood. i grew up in a marine family they told me on the time, don't start fights, but finish them if they start. you have the president in his
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own way. it's a wish on a history of counterpunching on a personal level or business level and that's what he's trying to do with the american level. this is the one through line in his politics. the first moment he uttered anything political as he thinks america gets a raw deal people are taking advantage of us. this is a corrective measure in the end i hope that this is a zero tariff solution at the end. charles: no matter how it turns out, tammy, do you think some of these people invested in sort of the intellectuals commit the economic intellectuals, do you think they'll ever get president trump any credit? >> well, some of them will have to because it would be so obvious, but like we've seen certain senators and others that run for reelection will fade off into the sunset. some people will be excited for this and i am excited when i've been wrong in my past and i've been able to adjust and recognize that. some will see it. not all of them.
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charles: thank you looks very much. tell your dad i said thanks for his service. major cable outlets stand by the story about president trump even not through their anonymous source backtracked. we are going to discuss that next. ls fargo stagecoach, agent beekman was one step ahead of them. because he hid his customers' gold in a different box. and the bandits, well, they got rocks. we protected your money then and we're dedicated to helping protect it today. like alerting you to certain card activity we find suspicious. if it's not your purchase, we'll help you resolve it. it's a new day at wells fargo. but it's a lot like our first day.
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charles: lanny davis, at tourney for michael cohen in a power report back in july. cnn stories are just president trump had prior knowledge of a meeting between donald trump junior and russian officials off ring on hillary clinton. the claim the president has denied. despite their sources are tracking, cnn says we stand by our story and are confident in our reporting of it. here to discuss, sarah fisher. we know that cnn has found
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already, since president trump has been in office to go through painful retraction of their reporters and maybe inspire them to the point that they are digging in right now, but it feels like the walls are closing in. but as he keeps coming out with more and more information. what are your thoughts on this in canada pressure be applied to cnn are they going to leave it out there like this? >> cnn is going to retract report if they do an investigation and find the reporters conduct was unacceptable to their standards. what we see here is they absolutely don't intend at this point. one of the things you hear a lot of people talk about on twitter is, you know, if cnn is going to cite lanny davis is having made no comment, but then you but then use it as anonymous source, that's a different kind of problem. i suggest there is an issue that cnn reported and how they entrust their leaders but the process. regardless of whether they've
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retract report, a lot of people take issue with that particular technique. charles: i think a lot of people taking issue with the gotcha in the media, particularly when it comes to trump. we've seen several news outlets put pretty damaging report. one rocked the stock market pretty badly once. are we going to see may be obvious maybe i'll be take a step back, take a breather, and maybe get back to journalism 101 and check sources before they rush out to break the news? >> that's what they absolutely have to do. no one is going to give media and acer to save trester credibility if they are rushing things about making sure embedding sources are telling the truth. the fact that lanny davis has walked us back saying it was a mistake and he couldn't cooperate their account and the fact that he gave back not gave back patches to cnn, but other outlets like the "washington post" and "new york times" shows that that they need to do a better job of vetting sources before they go to print with
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this stuff. charles: we will see what happens. will work, i only have five seconds. you think they will ultimately retract the story? >> it's hard to say at this point. there is an investigation that finds it, they might. charles: sarah fisher, thank you thank you very much. here is lou. lou: good evening, everybody. our top stories, momentum for trump backed candidate building as we draw closer to the all-important midterm elections. key primaries being held tonight in florida, arizona and oklahoma. >> if you want your community is to be saved, if you want your schools to be safe, if you want your country to be safe, then you must go out and get the democrats the hell out of office. lou: this hell out of

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