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tv   Your World With Neil Cavuto  FOX News  July 6, 2017 1:00pm-2:00pm PDT

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should newsbreak out, wool we'll break in. the dow on a slide today, a couple hitting the skids. cavuto has perspective now. >> neil: thank you, shepard, you're looking live inside the illinois state house in springfield, illinois, the state capitol there is on a temporary lockdown. they found a white powder substance, and they still haven't gotten to the bottom of it. so there is a hazmat situation developing there. all of this, as the legislature there taking up an effort that would effectively override the governor's veto that would essentially end one of the longest state's fiscal crisis since at least the great depression. now, all of this comes at a time when illinois residents don't have to be reminded that their state is in deep financial do do here. and even with these proposed
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changes and assuming they get over this hazmat scare, the fact of the matter is, rating agencies are still likely to downgrade the state's debt. jeff lock, fox business network, has been following this closely. maybe he can bring us up-to-date. what's going on, jeff? >> reporter: as if there wasn't enough drama today in illinois already, neil, where we had this big showdown vote. you're looking at a picture of the gallery. everyone has been told in the capitol building to shelter in place. it's been a tough situation here. about an hour and a half ago, the capitol was put on lockdown as people began to get word that there was a substance, a white powdery substance that had been thrown inside the governor's office. we have pictures of the hazmat teams coming in there. the governor's staff is not allowed to leave. the ventilation system at the
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capitol system was shut down. one person was taken into custody. no word on whether they -- that was in connection with the throwing the powder. at this point, it appears that the powder has tested negative. the hazmat teams have left. but the lockdown continues. people remain in place, inside the governor's office, as well as inside the chamber. as you report, this has been a contentious issue. the republican legislatures who voted against the governor and voted for the budget, who would have to vote again to override him, those folks have been under tremendous pressure. i leave you with a tweet from one of the facebook page of one of the republican legislatures. one of his constituents saying you're pos, which perhaps you know what that means for voting for a tax increase. never send a word that i'm not going to say to play chicken with democrats. you're disgrace to the taxpayers of illinois, steve. that's the house gop steve anderson. at this point, we don't know if
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a vote will still happen, neil. as you can see, perhaps from the live picture inside the capitol, the legislators are in position, some of them were locked out. they have to get back in. where there will be a quorum. we don't noechlt we'know. we'll continue to watch it. >> neil: does this have anything to do with what they're coming to vote for? does it go back to this? there has been a lot of voef d controversy that this sort of thing doesn't happen. you have to go back a good 50, 60 years, and that's -- >> reporter: there are extreme passions on both sides of the issue. some of the democrats feeling the budget isn't big enough. the republicans feeling there need to be more cuts. someone was tweeting, this has the feel of a frank underwood prank, for anybody that watches that show. you know, is this the republicans didn't have the votes, so they threw powder to
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take some more time to twist arms. did the democrats not have enough votes, so did the same. i don't know. it maybe just a nut. >> neil: house of cards action going on. interestingly, no matter what they're doing, and if they get to this override vote, a lot of republicans overriding their own party governor, but the irony is, with all of this, they are going to be looking potentially at a credit rating downgrade. >> reporter: republicans said the ones that voted for the budget said if we don't vote and get some kind of budget in place, they're going to downgrade us. the rating agencies came out yesterday or some of them today saying even if you do pass this budget, because it doesn't have enough cuts in it, we still may downgrade you. so there are no good solutions. i've said this so many times. no good solutions in illinois. we're just too far in debt. >> neil: hopefully everyone will be all right. expert reporting as unusual, my friend. thank you very much. jeff flock, if we get an update,
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we'll pass it along. between that nightmare and the protest against capitalism in hamburg, germany, it isn't a big shocker that a lot of this would find capitalism unnerved by all of these developments. ironically, a day when they are attacking the riches of wealth, a little less wealth going on at the corner of wall and broad. charles pain, what the heck is going on here? >> you're absolutely right. it was a see saw session all day long. we started off on the wrong foot. president trump taking a harder line with respect to north korea. that sort of geopolitical factor had not hurt the market up to this point. it started to weigh a little bit and then a report on jobs that was a little less than what wall street anticipated. but then we started to stage a nice come back, that's because a report on the service economy was phenomenal. it came in well above what we expected. we saw major drawdowns of crude
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oil and gasoline, which suggest greater demand. we were coming back nicely, and then these images out of hamburg, germany started to hit our screens. all of the anxieties rushed right back. these anxieties, of course, have been building for some time. here at home, we're concerned about the economic agenda that america has voted for, getting through. particularly with the backdrop of the markets hitting recently all time highs. you couple that, just with the angst you get, and you get the sell jau selloff you've witnessed. >> neil: they need any excuse to unload profits. >> reporter: that's good. you're absolutely right about that. there are tests for the market and periodically, you find out where these folks are sitting on huge profits, okay, this is the point. keep in mind, we've got the jobs report in the morning. the federal government's jobs report, that version, and that will dictate probably what this market does for the next few weeks. >> neil: all right, buddy, thank you very much. >> reporter: you got it.
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>> neil: the one great thing about john roberts covering this in hamburg, he has an enormous amount of perspective to step back, when it comes to these protests, whatever you want to call them, he has covered enough, he has been there, done that, appreciate the reality of what's going on. john, good to have you. hope things are calming down. what happened here? >> reporter: neil, good evening to you from hamburg. and i'm thankful to say this is the first time i've covered these protesters from the roof of the building, instead of in the streets. something is going on not too far away, a few blocks away, you see teargas rising into the night sky here in hamburg. we've heard the reports of flash bang grenades. this has been going on all day here in hamburg. they've been running pitched squirmishes. now, don't forget, here in
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hamburg, you have two groups of people, tens of thousands ever peaceful protesters, who may just be middle class families, from middle class families at least, people who are against globalism, people against capitalism, but they have been peacefully demonstrating here. and then you have this group of about five to 8,000 people according to hamburg police, who came here bent on violence. and that's the people that we saw the hamburg police squi squirm-ishing today to try to get them to disburse. they said they would be able to protest until about 8:00 tonight and it would be time to get them off the streets. at one point, there was what looked like from our vantage point a building or a car being set on fire. the degree of the smoke suggested that maybe it was storefronts that may have been set on fire. we haven't gotten a confirm report. you talk about historical perspective, neil, we saw this so many times with the big economic summits, i first saw it
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at the wto in seattle back in 1999, and for the most part, there wasn't a lot of violence there. the seattle police were handling these protesters roughly. we were out there in the streets in the evening, and the flash -- amid the flash grenades. if you've ever had one go off in proximity to you, it leaves a real impression on you. no question about that. and teargas as well and we saw it as well in quebec city at the summit of the americas, what began as a peaceful march through the streets of quebec city, ended up with police taking out teargas, when a number of protesters decided they would push it further and try to tear down the fence that was separating the protesters from the delegates, and he remember, at one point, the white house -- we were there with president clinton, it became so infused with teargas through the ventilation system, that we had to abandon it for a while. that really culminated with the
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g8 summit that summer in genoa, where we saw a lot of violence, rocks and bottles thrown at police, cars flipped over and set on fire. that one really came close to completely getting out of hand. the police did manage to keep a lid on it. that really, neil, changed the approach to these big summits, and they started holding them in smaller places like sea island, georgia. canada held a summit in a place called can -- kanaskis, and now they've got it in a major urban center in hamburg, which is a long history, sometimes violent protests, and that's what we saw out in the streets today. again, let's not lose perspective. the overall majority of people, the number in the tens and thousands have been peacefully gather on the streets to show their displeasure. >> neil: i'm glad you pointed out this happens at the
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gathering of very rich countries and venues, it is a world bank, imf, the g8, g20, whatever, this is a perfect venue to get protesters out. largely -- >> reporter: you name it, people want to come here and cause trouble. >> neil: all right, thank you my friend, very, very much. john roberts in the middle of it all. white house correspondent, erin mcpike. we see these protesters and the anger at the rich countries that supposedly have it all and aren't sharing the wealth. it is a different venue, kind of the same story, don't want to tr trivi trivialize it. what do you make of it? >> it is par for the course. what's unfortunate, we have these dramatic pictures that take away from what is going on at this particular meeting. that is, a massive global power shift underway, as you've read.
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the european union and japan are hammering out trade negotiations. there has been a big shift. as president trump talks about america first, the u.s. is kind of being left behind in a lot of these negotiations as, like i said, this big power shift. people will miss that, because they will focus on these protests. >> neil: another thing that kind of surprised me, one network was citing this as a trump protest. this is every rich country on earth protest. i've seen it before and covered some of these in the past, where this is sort of the meeting place for protesters when the richest people on the planet, the leaders of the richest countries gather. it is standard operating procedure. >> it is standard operating procedure. is it that you see this, this level of police intervention, not necessarily. but this has been in the works for months. if you google the organization that started a lot of this, they've been having e-mails and
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posts all the way back to november, before donald trump was even elected. this is something they are anti-capitalist, they are antibig countries. they are antiwealth. they are anti a lot of things. folks are saying this is an anti-trump movement. that's simply untrue. it is anti-trump, anti every world leader that represents the world nation. people need to keep that in mind. when you think the way our mind operate, fluency, whatever narrative you're telling yourself, that's what you're going to believe. >> neil: the irony is, to lee's point, this is a group that largely believes that all of these trade deals that have been concocted under various leaders and groups have not really benefited the common man and the common worker, and that's something donald trump has demoaned about, the state of workers, period. but just yesterday, in an
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interview with the german publication, angela merkel said of donald trump, referring to his views on trade, what we are looking at the possibilities of cooperation, globalization is seen by the american administration more as a process that is not about a win/win situation, but winners and losers, in other words, saying that he is not on board some of these global trade deals that she is arguing in some of her european counterparts are benefitting everyone. he does not share that opinion, ir ironcly, neither do these protesters. >> that's right. donald trump campaigned on that. he said that trade deals, the way they've been constructed, have been bad for the american people. he did frame it in a kind of win/lose situation, so you know, i think she is right about that. but donald trump hasn't backed down from that. neither has steve bannon and some of his top advisors. >> neil: guys, thank you both. i apologize for all the breaking news here.
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we are keeping an eye in illinois, in springfield. they are in a lockdown situation. everyone is expected to be all right. all of this, as the likes of which we haven't seen since the great depression. yikes. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ (woman vo) to refinance? time (man vo) yes! mortgage rates just plummeted. the time to refinance your home is right now. get started at lendingtree dot com. the only place you can compare up to five real offers side by side, for free. our average customer saves $20,000. quick.
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without telegraphing what the president is going to do, all options are on the table. nevertheless, his defense secretary was saying that that missile launch, scarey as it was, wasn't necessarily escalating this to the point of war. i'm over simplifying that, but it is the administration speaking with the same voice. what do you think? >> well, neil, i think your analysis is spot on. this is another indicator that dictator kim is pushing the limits of perhaps a situation that he doesn't fully grasp the consequences of yet in dealing with president trump. but you know, it doesn't necessarily mean that it is time to take a military option. >> neil: what would a military option be, general? what thing that people fear, if you try to shoot such a missile down overland, let's say over
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north korean land, that's an acts of war. you could argue that the shooting the missile off itself is that, but i'll leave it at that. is that the danger, if we were to shoot it down, or even target where we think these facilities are, that that then raises tant? >> not necessarily military but i'll go back to answer your specific question, which is what are potential military options. before we get to the military option stage, i think there are a couple of other things that can be done. number one, implement a full plate of sanctions to isolate north korea. >> neil: i thought we had them sanctioned up the ying-yang. >> not really. they're still importing oil.
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banks are still doing business with north korea. so a full set of sanctions have not been imposed yet. >> neil: going after china as well, my next guest it saying that's where we have to tough en up. i'm wondering if you think we're dealing, pretty close that kim jong-un is not a safe reliable de bet when it comes to stable behavior. what if he has a death wish? what if he genuinely does and wants to rapidly develop something that will take out a lot of people. >> that complicates the issue. i would tell you historically if you look at north korean behavior, it is not like anything that civilized international nations adds here to, but he is concerned with his own personal survival and regime survival. to him, they are one in the same. what he needs to put on notice, he has a choice. he can either survive without nuclear weapons and icbms or his
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regime can be eliminated. and that is the proposition that the president needs to lay on the table. >> neil: all right, general, thank you for taking the time in this busy news hour. a lot more, including the protests in germany, after this. your insurance company
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>> neil: all right, hamburg, germany, the protests continue. largely peaceful, but again, going where police are telling them to go. something similar to world bank, places like seattle. if the police say to go, and you don't, it can get antsy. so far, they're letting their views be known. they preregistered for this event, and got tickets to come here. a lot of them not just out of town, but way out of town, like across europe and the globe, to show up for this event, rally against pretty much capitalism,
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and leaders of rich countries. james woolsey joins us now. you've seen these protests, different presidents, different reaction, democratic, republican, conservative leaders, european countries. it is, you know, everyone's right in these free countries, largely democratic to do this sort of thing. but their protests seem to be at the growing inequities, many of them say, between the rich and poor, and that these leaders are doing little about it. what do you make of that? >> well, you know, mark twain said one time, history does not repeat itself, but it does rhyme. and we are seeing some rhyming going on here. economically, illinois can't pay its bills. >> neil: that's right. >> a number of the european countries can't pay their bills. they are behaving very much the way germany and some other states did in the 1920s and
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1930s. and what we have to hope and count on are national leaders to make be the case is that these peaceful demonstrations, even in a context of economic deprivation and despair, these peaceful demonstrations stay peaceful, and people let off steam, fine. letting off steam is great. i used to be a protester. i think it is -- but we have to be very careful. for example, president putin is likely to be very tough in these negotiations. and president trump sees as a solution for a number of economic situations higher tariffs. if you look back in time, high tariffs didn't work very well. >> neil: that's during the
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depression. you touched on something, and i think it was brilliant, as you typically do. what's going on in illinois, you could extend it to other states that have been in financial duress. new jersey comes to mind, maine comes to mind, vast unfunded liabilities. and to say nothing of our federal government, to say nothing of all of these governments and europe that has exceeded this sort of cradle to grape protection that some of them only now are trying to dewing themselves. so i guess i'll ask you, is there going to come a moment when everyone seems to realize we have over-promised and now we've got to cut it back? that isn't going to go well. >> very hard. not only did we over-promise, we over-paid to the elderly. we would very high pensions. long vacations. europe, more than in the united states. and that has produced a situation in which now current taxpayers have to pay for that. and as i said, this is more of the european problem than it is
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an american problem, but we -- >> neil: not much more. >> right. >> neil: ambassador, thank you very, very much. you'll begin to see what we're trying to put together for you here, a common theme, the ambassador mentioned not only going on in germany, in illinois, where the lockdown situation, a lot of protests there about budget cuts and a sort of complete rejiggling of their finance, the most severe we've seen since the great depression. and now what is happening in south america. venezuela. huge protests. scheer here is a country that had more money than what to do with, more oil, more than riches, beneath its own surface. the money is gone. even the oil is still there, the money is gone. now the dictator, holding to power essentially, and his thugs storm the nation's government building, and start beating the crap out of leaders.
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that's what happens when you lose the battle for controlling the people's will. you've run out of money. you've run out of payoffs. right now, you've run into a brick wall. a very, very hard brick wall. starting to see the theme here? after this. no, please, please, oh! ♪ (shrieks in terror) (heavy breathing and snorting) no, no. the running of the bulldogs? surprising. what's not surprising? how much money aleia saved by switching to geico. fifteen minutes could save you fifteen percent or more.
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>> neil: can you imagine if they did this in our capital, our national capitol, protesters, speaking on behalf of the country's dictator? that's what he is right now at this point. storming the capitol, and beating the crap out of those who don't like them. those who don't like leader of the country. this is venezuela, this is how far it has fallen. this is how we continue this theme of financial disarray. this in a country that had more oil and more money than it knew what to do with. all of a sudden, it started spending it and then some, making unrealistic promises, cradle to grave assurances to everyone and anyone. they ran out of money, ran out
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of oil, and now out of options. the country is running out of legal challenges to a dictator who will just beat you up if you don't go along. or worst. fox business network, charlie gaspiriono, what is quickly developing there. >> reporter: what you basically have an economic implosion of the kind we've not seen in a country, at least in the -- in our part of the world in a long time. you know, this is the bottom line. i remember when i got out of the university of missouri in 1990, one of the plum journalism assignments was covering international trade and business of venezuela, believe it or not. it was an up and coming country. it had vast oil reserves, it had allegedly an educated work force. it was the place to be in south and central america. over the last, you know, since that time, combination of things happen, as you know, neil.
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i'm not an expert in venezuela, but you can just imagine, there was a reason why hugo chavez, a strong man socialist dictator took over. >> neil: you know what, charlie, you are an expert at math, and you are an expert at money coming in and out, for all the money coming in, it doesn't just have to be venezuela, protesting in europe, a lot of money, cradle to grave promises that far exceeded what was going out. eventually, there is a reaper to pay. that reality hits different times for different countries, even states, like illinois. >>. >> reporter: right, when you don't have social mobility, this is what you get. here is the thing that makes america great, and why our system sustains and why it is scarey that the future might not be sustained. there was social mobility or there was at least a belief that if you worked hard, you know, you could overcome your financial situation and move up.
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and you know, if that does not exist, dictators will take over. one of the good things about the trump economic agenda is that it wants to restore some of that old fashioned capitalism that provided that upward mobility for so many years. and you know, that's the problem, when you have countries that don't provide social mobility. >> neil: if you look at moduro, you think about it, elected, but much like hugo chavez, a dictator, and his thugs have beat up protesters that don't like what he is doing. that is out of control. that's really out of control zv. >> reporter: i mean, this is what happens when the sort of leadership of the country falls apart, where the economy falls apart. you know, you're going to have a moron like this, a bad guy step in, and do what he is doing. you know, i will say this. this has happened in other places. and you know, what's an interesting contrast. contrast what's going on in columbia right now, with what's going on --
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>> neil: absolutely. >> reporter: columbia was a country that was, you know, saddled with a bad drug problem. drug cartels originated there and violence in the streets. guess what? they cleaned it up. embraced more capitalism. columbia is a more vibrant economy right now. it is not having these issues. it didn't have the vast natural resources that venezuela have, but it doesn't really need it. it has a growing economy. one that's growing a lot more than venezuela right now, and they're not having this sort of social situation. so i mean, i think, you know, the root cause, whether it is greece or venezuela, and i know media matters is going to write me up for this, but it is socialism, and it is the embrace of everything for free, because at some point, someone has to pay. >> neil: yeah, eventually you run out of money. that's what happens. a common theme here. i want you to look at this world through not only the protests going on in hamburg, not only what's happening in a rare vote to override a governor, who is
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now facing the prospects of higher taxes on his people, a lot of them don't like it, he doesn't like it, but essentially, what he is saying, i have to save my state, and those in his own party are saying they have to save him from ruining the state. it is a back and forth drill that place out in places like venz we venezuela, and california, and other places that the math doesn't add up. money in, money out. it is very hot. more after this. whoa! you're not taking these. hey, hey, hey! you're not taking those. whoa, whoa! you're not taking that. come with me.
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>> neil: all right, protesting
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rich nations coming together. it isn't new, but it may seem like fresh video, lots of other wrinkles and protests lots of other times. the federal senior editor, molly hemming way, been there done that. >> i think part of the problem is that americans don't remember that there were so many an antiglobalization protests. we saw that happening quite a bit during the last bush administration. and then in the united states, a lot of people took the last eight years off, a lot of people on the left. although we had the occupy movement and what not. while in the rest of europe, you've had this an antiglobalization movement strengthen and every time you have these types of meetings with world leaders, particularly focused around capitalism or the economy, you're going to see this. >> neil: i tell people on the left and right the reality is sinking in whether it is in a state right now that has to make serious adjustments and raise taxes and people within the own party protesting and overriding a governor whose ideas they
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don't like and he doesn't flip. but the reality comes. math, this sort of unpleasant reality of having to pay bills that you can't pay. you've got to do something. different strokes for different folks, different, you know, ways to get out of that for different folks. i'm not comparing for example venezuela with what is happening in illinois. except that they are joined at the math hip here. the math doesn't work. >> reporter: there is that. there is also i think the fact that there is world wild skepticism. you see it in countries throughout the world. it isn't just the united states or britain. the messages need to be communicated to people about the benefits of globalization. there have been tremendous good to come out of the changes to the economy in terms of lifting people out of poverty, increased health benefits. at the same time, it hasn't been all good, and it has been unevenly distributed and it has
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not been all upside. so i think that you can't just completely dismiss it. you need to think about how to manage those economic realities, keeping true to the principles and what we've spent so much time learning about how free market cans help benefit people. while at the same time, understanding that a lot of what gets passed off as free market economics is in fact crony capitalism, or government control where their friends get the benefits and others don't. >> neil: you sound a lot like president trump. >> oyou see it on the left and right. people need to realize, i'm a deep believer of free market. i'm concerned about somewhat of president trump has said and his rhetoric. the fact that some people in his administration, though, continue to speak pretty well on the issue. so that's why i'm anxious to see what happens in the g20 meeting to see where it the more protectionist or whether we uphold the principles we've long
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held as americans. >> neil: ironically, even though this isn't a trump protest, some networks made it seem that way, he is more in sink with some of those leaders. >> i've heard on another network that angel what merkel was hosting this in hamburg so president trump's nose would have to be rubbed into these protesters and this would help angel what merkel. she is is an advocate of globalization. it is a bizarre stretch to make, even if you want to criticize president trump. >> neil: yeah, out of sink with her own birthplace, all right. molly, thank you very, very much. good catching up with you. >> thank you. >> neil: stocks are up, a lot of it started long before the protests started coming. why is that? why are stocks giving up ground? why some people seem to think their concerns have to do with basic fundamentals than anything
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going on with the protesters.
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>> neil: all right, the markets, as soon as these protests began, a look at that point, you can look at the right, where we marked an inflection point there. i'm not saying that was exclusively the reason, but we like to pinpoint odd moves in the dow. from that movement on, we were downhill. and there are a lot of other factors, i grant you. but this just didn't help matters, i'll leave it at that. so jerry, do you first on this idea that markets generally don't like agida for an italian expression of mine, they don't
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like disruptions and people railing against capitalism. i could see that, but did you see the impact? well, look, this is the kind of protest that goes on every g20 meeting. they were expecting 100,000 people, they had 20,000 cops hanging out and the crowd was, you know, outspoken, you know, vocal and violent, throwing bricks at the cops. this is what happens now in europe. this is the way the world works. it isn't that surprising. if traders were selling off the market on the basis of this, around largely a protest against globalism, capitalism that we see over and over again. i'm surprised that they would be surprised about this. >> neil: gary, we've seen it in cities like seattle that have hosted world economic figures and the rest. so it isn't part of just a worldwide phenomenon over there. it is over here too. this feeling, as i mentioned earlier, the math may be
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becoming -- hitting reality for folks who just realize, wait a minute, these guys are running out of money. >> exactly, neil. agree with, i think gerri made a good summary of what was going on in at least some of the traders' minds. the other thing you're talking about, the reality hitting, i think there is a general fatigue in the trump rally. i mean, they're seeing all this negativity, which would be equally countered if we saw some positive moves in health care or tax reform. we really haven't seen anything we've seenrhetoric. add that on top of the market is straight up since trump took office and probably looking for any excuse to sell. that's a pretty -- >> neil: that makes a lot of sense. as you said, you know, you don't go up in a straight line. these markets are still up.
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not only since the beginning of the year, but by far, since the president's election in the first place. but let's just throw in there the possibility that he doesn't get everything he wants this year. that maybe both the health care thing, if it ever comes to pass, 2018 development, the tax cut thing, 2018, then what? >> well, i think 2018 will feel awful short hill, because the midterm elections are in november of that year, and therefore, you've got what, nine, ten months to get things through. if you have these things backlogged, that's scarey. i mean, gary is right. the market was up on these hopes and promises of regulatory reform, tax reform, healthcare reform. >> neil: isn't this more of technology shifts kind of crumbling here? >> don't forget, though, a lot of the technology companies are the ones that have the trillions of dollars that was prom missis be repatriated. i like how you put something
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earlier. folks are running out of money, what is going on with angela merkel, what they're going to do with greece, with respect to the e.u., who is out of money and ready to be kicked out of the eurozone. >> neil: i'm glad you italy out, because they're next. gerri, there is this thing on health care, repeal i guess, and they may do that and come up with a replacement, but eye ironically, we look back at wasted time. they've wasted all those months. assuming that's the route they go, when they could have done that in the beginning and saved themselves some hardship. >> neil: you don-- >> you don't have any feeling that they're closer. we're months into the presidency now, and i think if the market selloff is about something, it is about government not working. the inability of washington to get anything done. this disappointment, whether you're talking about what's going on in chicago today, the
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violence there, the disruption there, they try to pull back from the brik nk of bankruptcy d can't do it, forced to shut down the state capitol, there is a sense that government is not a partner with private sector. they're not up to the task. i've got to tell you, they've got to fix it. >> neil: they do, indeed. gary, are you still basically bullish, all these wades notwithstanding? >> well, i am, and for one reason. let's just go back to your previous point and say nothing gets done. you know, as you and i have talked before, then we revert to the obama years, and during that time, the market was up 125%. >> neil: good point. >> so i think, you know, look, it is not great if the economy flat lines. that's the downside. just for investors, you know, i think the market kind of drifts up then just not at the rate it could, if trump got some things done. >> from your lips to god's ear.
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that's what i say. >> don't forget, lower prices back then. now we're lauhigher levels. >> neil: his last appear ans here. when we come back, when everything hits the fan, i should say for all the problems in europe in venezuela, with a lot of states, we are still, ironically in this trouble world the best financial best. you can take that home to the bank, if your bank is doing okay. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember.
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ask your doctor about neulasta onpro. >> neil: what do you think could be happening around noon tomorrow? watching fox business network. only the president of the united states finally sitting down with vladimir putin. others will focus on the handshake. we'll be watching live market
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reaction. combining money and politics in your life. everything comes together perfectly at noon on fbn. if you're anywhere else, you lost. see you tomorrow. >> kat: hello, everyone. i am kat timpf with eboni k. williams and eric bolling. we are "the fox news specialists" ." the g20 summit in hamburg, germany, isn't even officially underway until tomorrow but it is getting off to heck of a start. protesters clashed with police officers who used water cannons and pepper straight on demonstrators who were throwing everything from bottles to flyers. this is a live shot of the protest. things have settled down for the time being. it was a wild scene. expected to be a contentious summit between world leaders.


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