The globe while hedge fun mannedders make money off their misery. I will tell you how this place into the 2020 election. All this and more on making money. Charles President Trump looking to close some deals while he stands with World Leaders at u. N. This week. All the while it appears progress is being made on the china trade front with the chinese saying deputy level talks in washington were constructive. I want to bring in to discuss former state Department Senior advisor christian whiten. I know it is lower level stuff. We got the official word from the official China News Agency to be honest had been pretty aggressive recently with some of their reports so its a change of pace. It is. Some of the messaging has turned more positive but what you didnt seen last week, what you havent seen, any sort of signal of fundamental change china would have to make. You did see President Trump reassert last week insists on a complete and comprehensive deal. There was talk of a mini deal but how do you only have a deal we only steal half of your intellectual property . We only expart half the fentanyl to us. He reset the parameters of the debate. Coming out of unga, the General Assembly you may have more details on u. S. Japan agreement announced at g7. Charles i want to ask you about these things. Before we do, just one more thought on china. It feels to me wall street, main street would be okay if the volatility was taken out of the process. Whether or not a deal happens immediately, sanctions at of left field. The at this titfortat, sabre, that stuff goes away, good old negotiation everyone seems okay with that. I dont think the market priced in a deal. If it completely falls apart i would see it adjust down but frankly im more worried about middle east. The trajectory is set, and were willing i think market is able to live without a deal frankly but maybe not an escalation of the war. Charles President Trump had a huge rally with indias president modi. There is possibility trade deal. Modi a possible trade deal with japan. Now Boris Johnson reaching out for a possible trade deal next year. Even iceland getting in on the act. This is interesting because this administration wanted these sort of unilateral deals. It appears maybe theyre coming up with some of them . Right. The United States has a much better hand when it negotiates directly and what youre seeing the emergence of a new world. It is hard to see while the change is going on. Youre seeing a decline of europe. Delinkage with china. Well trade with china, it is very important but no longer will be a oneway street of manufacturing from here to there. And focusing on the countries that matter going forward. India, still in early days of a transition but with modi the first sort of real postsocialist Prime Minister they have. So it is terrific that our relations are improving. Charles obviously they like to take advantage of any sort of vacuum created with china. I do want to shift gears a little bit. President trump in fact praising Boris Johnson after the uk Prime Minister says he want as new nuclear deal with iran. Take a listen. All that money paid and wasted. You didnt have the right to inspect the appropriate sites. You were looking at sites never used to create nuclear. The sites they would use we werent allowed to inspect. What kind of a deal is that . I respect boris lot. Im not at all surprised he is the first one to come out to say that. Charles johnson joining a u. S. Led effort to bolster saudi arabia. What does it mean for rest of the world . Lets start with the middle east when it comes to iran. I would suspect it puts more pressure with the continental, european allies who seem more likely not to want to upset iran . It does. Those are our traditional allies, what can they do . What would they do . They were working against us on financial sanctions, convincing their companies to go around our sanctions. Thanks to ric grenell they decided they would rather do business with the United States than iran. Theresa may government was part of that clique in paris, but now with bojo, people said lets keep britain in the eu because it improves the eu it made everyone worse off. Britain going alone, having even access with the u. S. And europe will be much better. Charles christian, thanks very much appreciate it as usual. Thanks, charles. Charles with a list of potential trade deals out there could it help the market give as you boost we need to break out . I want to bring in Gibbs Wealth Management president , cio, erin gibbs. Listen, a deal with japan, india, uk would be next year. These are things the administration talked aabout trying to achieve. Seems they would alleviate any anxieties that people have, that america is pulling away from the Global Economic system . It is helpful but we know that india is not exactly the most meaningful trade partner. We already have a very strong relationship with japan. So i dont know if wall street is really going to see any changes in expectations or estimates because none of these are the real powerhouses like with china. Charles japan is the Third Largest economy in the world not having a Stronger Economic relationship would help . In general the u. S. And japan worked well together, very much and though theyre very large, theyre not broking. We know that they have been basically flat to even somewhat recessionary levels for the past two decades. So having, it is great to have a full partnership. We know they are not the growth area where you want like with china. Charles right. China is not the growth juggernaut it was either a deck cade ago. I do want to ask about the china situation. On friday President Trump says i want a complete deal. Not piecemeal. China is bolting, leaving in a huff. They will not visit farmers. Turns out there was some misreporting there. I know bore gores are set up a certain way, when do investors take a pause on this news particularly when it comes out of the Mainstream Media because more often than not there is more to the story . On friday, most of wall street weve been hovering at those levels. We havent seen huge market moves were talking about, one or 2 . There might be some intraday theyre trading off headlines but youre not seeing huge volume and really big moves. Just certain sectors have been hit. So i think, as long as we dont see major announcements, i think today will be tough with the negative news coming out of germany. Were talking about 7 year lows on their manufacturing services. Those are concerning headlines. Charles right. We already knew europe was in bad shape. Charles we opened lower. Were moving higher right now. I want to ask but the horn breaking off a special uncorn, wework, before they even go public. Internal pressures mounting to out of their ceo adam newman before the ipo which has been delayed, i want to know, not only could this spell doom for their efforts to go public what does it say about the ipo market . 2019 was supposed to be at greatest year ever for ipos, would raise a record amount of company and Real Companies would take off and market would take off as well . Companies making money is clearly not the case for a lot of them. A lot of investors basically tapped the private equity markets long enough theyre being forced to go public because they need the cash, right . You dont go public because out of the goodness of your heart. Youre going public because you want investors money. Charles are you concerned about that . Wall street the whole thing if you go ipo, and youre up 50 first day you left money on the table but are you concerned this whole notion of sucking every nickel out of your customers, name Brand Recognition can hurt because these are duds. These ipos have been duds and essentially their customers use the product, i will buy the ipo, theyre losing money, are you concerned at all about that . Weve seen this for decades. Charles not like this though this, is something new. This is like to your point, they raise money for 10 years. It is the same names. Get in on the ground floor, look at the first round, same people, same entities, theyre making billions of dollars, then they tell the public okay, we got trillion dollar valuation you want a piece of the action . Certainly it is unusual that these companies are going to market so late. Generally they go public much earlier because private equity wants them to go public much earlier with these big valuation. When you look at overall records of what ipos do 2019 is not that much different from other decades. Charles really. 80 of the companies are lower. Charles i have to wrap. Youre not touching any of these. Absolutely not. Charles peloton youre look from afar. And wework i would not touch with a 10foot pole. Charles on fox business, apple saying it will make new mac pro deck Top Computers in texas. U. S. Trade regulators approving 10 out of 15 requests for the trade exemptions that were requested by apple. While the rest of the u. N. Is focused on Climate Change at this weeks summit President Trump is looking to highlight religious freedom. Will u. S. Corporations take notice as they look to expand their Conscious Capitalism message . President trump using the u. N. Arrival to blast impeachment talks over his phone call with the ukraine president saying he is not taking it seriously. Seems the market is not either. Will all of this talk hurt democrats in the end . My Political Panel debates that later in the hour. Imagine a world where nothing gets in the way of doing great work. Where an American Icon uses the latest hr tools to stay true to the family recipe. 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America stands with believers in every country who ask for the freedom to live according to the faith that is within their own hearts. As president , protecting religious freedom is one of my highest priorities and always has been. Charles President Trump emphasizing the importance of religious freedom with the whole world watching at the u. N. Today. Critics blast him for missing a Climate Change meeting which he didnt show to deliver a address. We have a cnn cofounder lily. Charles you were at the United Nations you came from the event. I was there. The president was there. Vice president , the secretarygeneral as well. Ivanka is sitting in the audience. World leaders, heads of state and religious leaders and Corporate Leaders in the room. Charles i think a great mix. The Corporate Leaders need to hear this message particularly in this environment but what was the main focus off the message . Clearly first time we talked about religious freedom as a fundamental human right. Were knot just talking about the United States but everywhere around the world First Time Ever a sitting president does this bringing a message to the world supported by the secretarygeneral. This is not about politics. It is about inclusion. About protecting humanity. What better way to show up and bring your full self to work, to play, your faith is a big part of that for sure. Charles its a big part of that and something i dont ever associated with the United Nations or big business to be quite honest with you. That is why this is so historic, charles. I was thinking about our audience being a business audience. Corporations know diversity delivers up to 33 better revenues. But in the inclusion programs we have in corporations we need to think of peoples full self and who they are and how they show up. And your faith is part of that. I think it is exin order nary were talking about this through a new lens. Charles President Trump is trying to shake off abuses for decades. Big business pushes back on the president. Im worried, Business Roundtable if you have a different mission or the koch network or any of these large entities, you know, why dont they ever seem to care about a million muslims in china being persecuted over their religion . At this time bettance being persecuted over their religion . How can they overlook that while they ban Plastic Straws . Exactly. Its a double standard. If we want to Save Humanity it starts by saving ourself from each other. How we are inclusive in places to work this was not about the christians or Jewish Community or islam, but everybody under the same roof. We need to band together to protect the most fundamental life working out convictions in in business and everywhere. Charles this was great launching. Obviously the world watching. President himself delivering the message. Where do you think it goes from here . The secretarygeneral explained two action steps at the world stage level of the u. N. , theres a strategy against any hate, any hate speech, any hateful activities around the world which weve seen now even, shootings and all that. And that they are starting this coalition that is inviting the public and private sector to come together to make this a priority so we can support. Charles im getting a wrap. Your job is to educate corporations on a lot of things. Correct. Charles do you also include religion in that message as well . Well i am going to have a different discussion now as we talk about cultural intelligence in corporate america, the ability to bring your full cultural competence we need to acknowledge what makes people. Many times it is their faith and convictions that make them their best self. We have to think about it, it tends to get separated. But i think it can be good for profits. Charles i think so too. Lily, it has been too long. Thank you. Charles new York Federal Reserve president defending that banks move to pump cash daily into our markets but is the fed just whistling past the grave ward . Oh, wow. You two are going to have such a great trip. Yeah, have fun thanks to you, we will. Aw, stop. This is why voya helps reach todays goals. All while helping you to and through retirement. Um, you guys are just going for a week, right . Yeah thats right. Can you help with these . Oh. Um, were more of the plan, invest and protect kind of help. Sorry, little paws, so. But have fun send a postcard voya. Helping you to and through retirement. Charles the new York Federal Reserve president is defending the actions of injecting cash in the repo market. John williams calling the action successful easing the markets that the officials anticipated the liquidity crunch. Last week as you remember the new york fed started to inject billions of dollars to address a shortage in cash to help banks finance shortterm lending and funding. Will the continued operations which by the way are scheduled through midoctober actually help . Many are wondering was the fed too late to address this. Stifle, cio, Michael Okeefe is with us. 280 billion last week. 175 million a day. 14day repo programs. New york fed saying hey we had it under control of the whole time. Reminds me peewee herman falling off the bike saying i meant to do that. They came to the rescue but were they caught flat food. I dont think they were caught flatfooted. Theyre measuring things, figuring out what to do. This is making up for a little bit of lack of capacity as a result of the qe. Balance sheet being reduced a little bit. They have it very much under control. And you know, its a daily amount every day and 14day one resets every 14 days. I think were okay. Charles okay, but many are saying it does hurt a fed that does have a credibility issue. To what degree i guess you can debate that. It felt like it was something out of left field. It was an emergency and more importantly how we got here. Quantitative tightening, taking money out of the system. Paying banks not to lend money. You know, are these wise decisions . Have these been wise decisions by the fed. Could there be serious economic ramifications . I dont think there are serious economic ramifications yet at all. The way i look at it, theyre going down very methodically. Look over time, they want to be rebuild their tool kit. One of their tool kits is the balance sheet. Being able to methodically reduce it, get it down lower, hey, when which get to recession maybe they charles michael, there was a time, if we had this conversation in 2007 i would say great, i get it. After they printed 4 trillion out of thin air what is the difference between 5 trillion, 6 trillion, who knows where they can go with this it feels like unlimited because it looks like that around the world. The idea well create havoc to tools to fight havoc. I dont think theyre creating havoc. This is methodical. This was a cash squeeze few days here and there they come in, open Market Operations in the scheme of things for a fairly small amount of money. They keep things uncontrol. Charles 75 billion here, 75 billion there, pretty soon were talking about real money. So youre okay with this . Yes. Charles youre pretty confident and pretty sure everything is okay . In the meantime, you did have a Federal Reserve fomc meeting where you had a wide divergence of thoughts, opinion and voting. Again i think jay powell needs to tell us what the jay powell doctrine is, and somehow get his fellow Board Members to get on board with that. I felt like greenspan did that. Bernanke did that. Even yellen did that. Are you okay with this laissezfaire Federal Reserve. Laissezfaire im not sure i call it that. Diversity of thought is a good thing. We want the group debating almost in a good constructive way fighting it out. Charles ultimately like a football game. You have one quarterback. Great in the skull session on friday for everyone to have ideas but when you get on the field you have to have one person kind of saying were going to march this ball down. Hold there. President trump is speaking. Lets take a listen. Very important to me, why isnt europe, i was speaking about this to the president , to president duda, why isnt europe spending more money . Why is it the United States spending money . Ive been complaining to my people all the time. We spend so much money not only to ukraine but to other places. Why isnt germany spending more money . Why isnt france or other countries in europe helping ukraine more . Why is it always the United States . I have said that at beginning. I dont like it is always us. Despite that weve given far more than the obama administration. He used to send sheets and pillows and we sent antitank guns and weapons. We really do. When i spoke with, i had a great conversation with the new president of ukraine, during that conversation we discussed it. Perhaps you will see it. Perhaps you wont see that. It depend on what we want to do, but we had a great conversation. Very, very nice conversation too. But one of the things we discussed why isnt europe helping ukraine more . Why is it always the United States . Thats bothered me from day one. It is not fair to the United States. Reporter [inaudible]. Say it . Reporter when are you going to visit poland . I will be there fairly soon. Weve had a very open standing invitation and i will be there very soon. That was something, i really loved doing that. We made a speech. Even the fake news gave me great reviews on that speech. So i was very happy. In that case it wasnt fake. That was real, that was real news. Reporter why have you decided to increase u. S. Military presence in poland . Is it because of [inaudible] no, i dont think so at all. I think because we have a president of poland who i like, who i respect and he asked whether or not we would be willing to do that and i said, well, you know, there will have to be installations built and they said theyre willing to do that. And we worked out a deal. It is my honor. Again, we have 10 million polish, in terms of heritage, polish people in the United States. Certainly special parts of the United States and theyre great people. Its a great country. They have done very well and their economics are very good. They have had an economy been very strong, stronger than most. So we worked out a deal. I think it is great for poland. It is very good for us. Reporter is it a done deal already . Will president of poland be able to come to the United States soon . Soon. We have to work out structurally. We have to get it done but they qualify. We worked together very hard on that. They qualified, and well be able to work that out very quickly. I think over the next couple months we could have it done. I know poland has been looking for that. How many years youve been looking for waivers . How many years . 30. 30 is a long time. We get it done. Trump gets done. Other people dont get it done. We get it done. That is a glad one for everybody. Reporter on the aid question a moment ago did you tell the ukrainian leader they would have the aid only if they investigated joe biden and his family . No i didnt. No i didnt. Joe biden said it about his son. Joe biden was very dishonest. What he said if they dont do this or that, get rid of a certain prosecutor. Joe biden said it because youre a faker, you in particular youre a fake news in particular. You dont want to report that. I didnt do it. I hope you can see a call. Because i didnt do it. Everybody is looking for that call and keep going the way youre doing because when you see the call you will be very surprised. But joe biden, let me, be quiet. Joe biden is the one that did a very, very bad thing when he said that. And i think it was 1. 2 billion. He wasnt going to give unless they got rid after prosecutor who was investigating his son and the company that his son works for. Then you also say, how much money did the son make from the ukraine . Ask another question, how much money did the son make from china, based on energy. He knows nothing about energy. Why did he leave china. Why did he leave ukraine with all this money . Joe biden is very dishonest. When you see the call, i hope you see it, i hope you see it frankly, you find out i did not do that at all. You will be very disappointed when you see it. It is really a disgrace. It is a situation just shows the press, you have had such a bad week, between Justice Kavanaugh and this and other things it is showing how dishonest so many members of the press are, not all of you, but some members of the press are so totally dishonest. But this is case. I hope you get to see the call because your question you will see i did not ask, i did not make a statement that you have to do this or im not going to give you aid. I wouldnt do that. I wouldnt do that. With that being said what i want, were giving a lot of money away to ukraine and other places. You want toe see a country that is going to be not corrupt. The president is a good man. He got elected on the fact he would get rid of corruption in ukraine. I think the primary reason he got elected. He got elected on the basis of ending corruption in ukraine. That is good. That is what i want to see. When biden does a thing like that, there is still corruption. That is not good. Reporter you can thorize to release it. Will you do that. I can do it very easily, from the standpoint of all the other conversations i have. I may do it because it was innocent call on his part and my part. It was very nice call. It was congratulatory call. He just won he was confirmed and he is new president. I think he will do an excellent job. Remember he got elected on the basis, biggest part of was corruption of his campaign. He wants to, looking for the same thing as i am. He did a very good job. It is a nice call i hope you get to see it. I hope you get to see it soon. Reporter [inaudible] what . Reporter iranian minister . Youre talking about Boris Johnson . Reporter im talking about iranian. You mentioned Boris Johnson, because he want a new deal with iran, right . Reporter iranians are saying theyre willing to negotiate to end the war in yemen. Do you take this seriously . Say it again . Reporter the Iranian Foreign minister talk up please. Reporter the Iranian Foreign minister are saying that theyre willing to negotiate to end the war in yemen. Do you take this statement seriously . That is very big positive statement if they said it. I havent heard it. Ive been here, having lots of different meetings. We had a great meeting with pakistan. We had a straight meeting on religious liberty. Mike, when you get down to it that was pretty much incredible, the first time the president of the United States was involved in a meeting such as that. No, i think that, Boris Johnson made a strong statement saying that he would like to see a new agreement. And i think thats good. What youre saying about yemen is true, i like that also. We havent heard that yet. That is a very positive thing if that is the case. Reporter mr. President on whistleblower you say you want the transcript of the call released . I didnt say that at all. I didnt say that at all. It may get released. I dont think its a gray precedent to be releasing calls with heads of foreign countries. I dont think its a great precedent. I didnt say that its a great call. A honorable call. Its a nice call. The Ukrainian Government last night very strongly they announced this call was a very nice call. There was, they also said there was no pressure put on them like the character over to your left. There was no pressure put on them whatsoever. I put no pressure on them whatsoever. I could have. I think it would probably, possibly have been okay if i did but i didnt. I didnt put any pressure on them whatsoever. You know why . They want to do the the right thing. They know about corruption. They probably know that joe biden and his son are corrupt. They probably know that. Joe biden and his son are corrupt. All right . But the fake news doesnt want to report it because theyre democrats. If that ever happened, if a republican ever did what joe biden did, if a republican ever said what joe biden said, they would be getting the electric chair right now. Look at the double standards. You people ought to be ashamed of yourself. Not all. We have great journalists around. We have a lot of crooked journalists. Youre crooked as hell. Thank you very much. Charles President Trump blasting joe biden and said that he did raise concerns about biden and his son in a july phone call with the ukraines new leader. For more i want to bring in the Political Panel, Roland Martin, host of Roland Martin unfiltered, Fox News Contributor doug schoen. Heres the thing, guys. Here is another one of those he said she said for a moment. What im reading about roland, now democrats are saying we have another reason to go down the old impeachment road. I wonder if theyre jumping on this again too soon, it could backfire. Keep in mind the doj is fighting this, okay. Trump sits here i would love for you nice to see it. Okay, tell your attorney general, stop fighting congress. If an Inspector General says i have some concerns, play it out. Congress has an oversight role. That is their job. So they should be doing their job. So im not into the whole point of impeachment but why, why are they stalling congress . That is the question . Why are they blocking this from congress . They wont answer that . Charles one thing, doug, that some are concerned about though the more that this is elevated, we just listened to President Trump calling out joe biden and his son. Right. Charles there are going to be questions asked of the democratic frontrunner, exactly what did happen. These questions sort of faded away. Some people knew about it. Every american knows about it and will want answers. Well his position is pretty simple. There was endemic corruption in ukraine as President Trump said. That the prosecutor, i think it was shimkin was perceived by all relevant actors as corrupt. There was a billion two in aid forthcoming. Biden said i will be here six more hours. If he doesnt go you dont get aid. That is different from the allegation of a political favor being asked in case of military aid. Trump has to be very careful, if he wants to say joe and his son are corrupt he will get questions about ivanka when it comes to patents. Get questions about his children as well. This is not a road he might want to go down. Charles does anyone want to go down it, particularly on the impeachment side. For me, having her first it was russia, racism, recession, air force planes landing in scotland. I feel like the party, the Democratic Party is grasping for straws. Im about that you could play a video from judge napolitano on fox news talked about obstruction of justice and trump. What trump needs to do, every time he is obstructing congress from doing their job he is inviting them to bring these things up. So what does he do . I would love for to you read it but they dont release it. I would love for you to see my taxes. Although obstruction might not be the right word. It is definitely obstruction. Charles joe biden already starting to say, stall a little bit. He hit a 30 threshold. This news doesnt come at a great time. Elizabeth warren has in my mind become a juggernaut. We see a new iowa poll. 22 . Biden slipped to 20 . Doug you have to wonder if this will continue. I feel like she is the one to beat right now . I think she is. If she wins iowa as the poll is suggesting she might, if she were then to win New Hampshire and nevada, have three in a row going into the one that joe is probably biden is strongest in, south carolina, that suggest as real problem for him. This is a bust, pump the brakes. Pump the brakes. This is not there there are three people in the top tier right now, biden, sanders, warren. Warren had a steady trajectory up. In the latest nbc poll she is most consistent on all age groups. If youre biden camp be concerned, 2007, that election turned where there was debate in october between obama and hillary clinton. Now weve gotten these preseason games out of the way, now it is regular season, what happens between october and december will be very telling. But you have to admit the momentum right now favors warren . Clearly, clearly. Sanders has been trending down in polls. I agree with roland he is not out of it by any means, look at trendlines, bad for him, good for warren. Charles warren is doing well with College Educated whites, suburban white folks but the question mark, particularly with the democratic primary, can she get the black vote . Here what happened. Essence roundtable survey. She is in fourth place there but i know, i have talked personally with a number of black female activists who have not come out, who have not said who they support. They have not spoken loudly but many of them have been watching warren since march. You are talking about individuals who are on the ground, folks out trying to get votes out. Charles right. Harris is still doing very well, but trust me they are paying attention to warren and theyre listening. That is where biden and sanders might be concerned. Roland, doug, thank you very much. Appreciate it. Charles travel chaos as the worlds oldest tourism firm thomas cook collapses. Were talking about 600,000 people stranded all around the country. Its a boon for some on wall street. That could give fresh talking points for Elizabeth Warren on the campaign trail. I will explain after the break. We call it the mother standard of care. Its something we take personally, and believe in passionately. Its the idea that if our mothers were diagnosed with cancer, how would we want them to be treated . Thats exactly how we care for you. With answers and actions. To hear your concerns, quiet your fears, lift your spirits. With teams of cancer experts and specialists, delivering advanced Treatment Options and compassionate support every step of the way. All here in one place, with one purpose. 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Ashley charles cook has been operating for 171 years, back to 1841. But no more. What happened . Changing travel habits. The rise of Online Booking sites for sure. Called internet. A sinking pound making vacations more expensive. The uncertainty of brexit, yes, says the tour operator, even heat waves in europe didnt help because fewer people travel. But critics say thomas cook itself is to blame for reacting too slowly to these new travel trends. The Company Still had 500 brickandmortar travel offices operating across the uk, all of them by the way losing money. The company has been buried under a debt pile for some time in excess of 2 billion. Creditors decided it was time finally to pull the plug. As you said that left hundreds of thousands of customers stranded around the world. An estimated 450,000 international vacationers and 150,000 british tourists all must now to try to find a way home. It also means, as you mentioned, charles, 22,000 commas cook employees have to find a new job. Now the uk governments Civil Aviation authority is now organizing flights home for these stranded brits. The biggest repatriation effort by the way ever in peacetime. Richard branson says Virgin Atlantic will do all it can to find people jobs, and bring stranded people home. Branson going on to say, thomas cook was the pioneer of organized travel. It has been such a strong force in the travel industry. It is upsetting to see some people lose their jobs and thousands of holiday makers affected by disrupted travel. Charles, Authorities Say it could be two weeks before all the thomas cook customers can be flown home. More than a million customers had their upcoming trips canceled. So very sad indeed. But i got to say, the writing has been on the wall for this company for quite some time. Charles ashley, thank you very much. Thomas cooks demise, not bad news for everyone involved. Wall street speculators will earn as much as quarter of a billion dollars from the bankruptcy, perhaps giving more fodder to the likes of Elizabeth Warren. Chairman of the civic forum pac, ford oconnell. Ford, when i saw this headline, if im thinking im a Elizabeth Warren speechwriter, once again, regular people, thousands lose their jobs, hundreds of thousands of people stranded around the world and wall street rings the register for 250 million. I think youre absolutely right. It lends credence to Elizabeth Warrens message. When thomas cook fails, hundreds of thousands of people stranded and people laid off, fat cat traders will bank roughly a quarter of a billion dollars, this helps her out a whole bunch. What her economic message essentially is, charles, capitalism is sick, im the solution. I dont think the corporate world and wall street understand, if they dont clean up the greedy, selfserving act they will be the best call to the white house. Charles what exactly should they do or say . I talk about corporate virtue signaling all the time. I think it is pretty transparent. People on both sides, whether youre into Climate Change or not sure, well get rid of Plastic Straws but you raise my baggage fees the next day . How does corporate america, how does the republican party, you know, particularly under trump, say, there is a better way or this is okay . Well, i think that unfortunately when it comes to trump he will have to basically make the case shes a fraud. While many of her plans sound good, essentially they will set america back to the middle ages and bankrupt this country. That is where he is going to have to go but in a lot of ways Elizabeth Warren holding herself out as nativeamerican tried to rig the system in her own benefit. Her plans may sound good but there has to be another way. If we put her in charge well all go under. Charles i know its a long way to go, but if she were the candidate, trump were the candidate i think it would also Say Something about the establishment losing once again populism on both sides duking it out for the presidency of the United States. A trend we see growing stronger around the world. Another defeat perhaps for the establishment . If she does win the nomination it, will be another defeat for the establishment. Unlike many republicans i dont think she is pushover. I think if she is the nominee she could give trump a bigger run than biden. I do believe her populist, socialist message is resonating with a lot of democrats. This is going to be 20, 20, will be the nastiest closest election in our lifetimes. A lot of people dont care how you pay for it. The biggest problem we dont care about fiscal responsibility. Dont care whether our own credit card, or governments credit card. At the end of the day well pass it on to somebody else. That is where were getting her as a nation. Charles ford, great seeing you. You got it, charles. Charles s p a little more than 1 from alltime highs. Could a slew of trade deals President Trump is working on with Different Countries help push us to those highs . Thats next. Of a different kind. Adp helps canyon ranch place the right people in the right jobs, so employees like dave can achieve what theyre working for. [awith doilies and tifancy mustaches. 5hour tea time starts when a client says, i want the mona lisa. 5hour tea, get a boost from a unique energy blend with caffeine from green tea leaves. I cant have an off day. Oops, sorry, no. I have to be perfect. Yeah, so, i grab a 5hour tea, and i stay energized. [announcer] go to 5hourtea. Com to buy a weeks supply. Get the boost you need or get a full refund. Let others start their tea time with kneehigh socks and bagpipes. 5hour tea time starts when you say, we have to be better than the stevensons this year. 5hour tea, b vitamins, amino acids, caffeine. 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According to axios, theyre eyeing a freetrade agreement, believe it or not with iceland. We have a slew of potential deals coming out. We have the market near alltime highs. Could this take us over the top . Phil blancato, joins us now. Phil, great seeing you. Great to see you. Charles listen, japan, india, maybe the uk next year, even iceland which is not necessarily economic but certainly strategic from a Military Point of view, are these the kind of things that wall street would appreciate enough to help get us to new highs . I believe wall street for a second, think of the Agricultural Industry of india. If you strike a deal with india, boost almond exports, that is suddenly a winwin for the president , a win for the farmer. Go further to the uk. The uk today boris is embattled fighting for his political life. If he can strike a treaty with the United States with the Biggest Issue overseas, they are number one partners with europe. If you look both ways we have surplus for them. Deal that enhances that, political for the president and boris and positive signs for the market and the market needs positive. Charles japan would buy more beef. That would be particularly great as beef consumption comes down in this country as well. There is it still the china trade situation. Yeah. Charles friday illustrated the anxieties that we have when President Trump says he wants the whole thing, you know, not a piecemeal deal, he wants the whole deal. Word came out china was putting out a visit to farms. As it turns out it was not necessarily in reaction to that. Was a misreport, or a misinterpretation. We ended at lows of the session. We had a string of the good sessions but we know how the market is sensitive to that. Were in trading range from december of last year. Were plus one, minus one. We need a catalyst either way. What is the impact on earnings a thousand bucks per person per year if the full tariff goes through . That is a scare. Reality it is a real thing. Charles recently the trends have been amazing. The Bloomberg Economic surprise independent indicators at 11month high. Citigroup, highest since last year, almost two years. How do you explain how great our economy is doing and even looks like more recently it is doing even better, gaining traction, housing looking better, manufacturing looking better . Housing, that was the exciting one. Charles how can we explain that when weve been promised doom and gloom for so long . The problem which driver to do you believe in. Do they go into recession because of political headwinds and people lay people off or do you believe the facts . That 70 of the economy driven by the consumer. The consumer gainfully employed. They are spending enough. Consumer leads the way. As long as they spend at this rate. We should not be recessed. Charles phil, always appreciate it. Folks, well be right back. Sizing you up. Calculating your every move. You think this is love . 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Com saves you time and money. Make it simple. Make it ship sticks. Charles well, the Dow Jones Industrial average is up 43 points right now. Heres the thing. We are 148 points off the low, about 400 points away from the alltime high. We have been in this anxiety tight trading range for a long period of time. Liz, as i hand it over to you, we have seen amazing action in that 3 00 hour of trading. I think we could again today. Liz well, thats because you do the 2 00, i do the 3 00 and together, we create the market excitement. I agree with you. You know why things could start to move here, because, charles, we do have the breaking news that President Trump has just finished up a facetoface in new york city with the president of poland. We will in just moments meet the third of six heads of state he faces as the United Nations General Assembly kicks into high gear. His oneonone with the Prime Minister of new zealand will begin shortly. Of course, new zealand has a lot of dairy operations. We are waiting to hear about usmca. Then of course, the u. S. china trade war is very much a hot topic at the u. N. Just as reports reveal that a major trump booster and casino billionaire, sheldon adelson, apparently warned the president about how his trade battle with the worlds second largest economy could affect President Trumps reelection chances. Will that temper the
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