Transcripts For FBC Making Money With Charles Payne 20240714

The data shows the exact opposite. Well separate fantasy from facts. All that and much more on making money. Globalism exerted a religious pull over past leaders causing them to ignore their own national interests. But as far as america is concerned those days are over. Charles President Trump not mincing words during his u. N. General assembly speech, slamming globalism, china trade practices and other nations that do business with iran touting American Values and freedom of speech. Kristina partsinevelos is live. Kristina . Reporter i will start with slamming china because that is exactly what the president did. He used the speech in the General Assembly to highlight the fact that china continues to engage in unfair trade practices. He said chinas admittance to the World Trade Organization in 2001 backfired. Listen to his comments. The World Trade Organization needs drastic change. The second largest economy in the world should not be permitted to declare itself a developing country in order to fame game the system at others expense. Reporter the president continued to make forceful comment against China Defense of hong kong. He said specifically that china must respects hong kongs freedom, legal system, of course democracy in the area. I quote, were counting on president xi as a great leader. After the speech to the General Assembly, the president continued on to meet with Prime Minister Boris Johnson in a trade meeting. President , Prime Minister Boris Johnson seem undeterred despite the fact that the Supreme Court ruled that his suspension of parliament was unlawful. Both of them instead focusing on brokering a u. S. Uk trade deal postbrexit. Listen to his comment. We need to get on with brexit, that is the overwhelming view of the british people, whether they voted to leave or remain they want to get this thing done by october 31st. That is what were going to do. It take as man like this to get it done. They have to get it done. Otherwise it would be terrible thing to do it any other way. I dont see another vote or anything else. I think he will get it done. Reporter uk Prime Minister johnson is set to give a speech in the building behind me. He will fly straight out to the u. K. Brexit is still on the cards for october 31st. Parliament will have speeches in the house of commons. A lot of news coming out here. I will throw it back to you, charles. Charles kristina, thank you very much. What is the fallout from the president s fiery speech this morning . Joining us with answers National Security analyst walid phares and defense of america chairman van hipp. Walid, go in order. China, President Trump began talking about with china. The trade battle engaged with china. The mistake allowing them in the World Trade Organization. Or maybe the fact that the World Trade Organization was never able to deliver, or keep china in the proper lane. What do you make of it . I didnt hear anything new but i did hear resolve to a complete deal. Wall street want a piecemeal deal . This is the Largest Forum for International Public opinion and the president was very effective at on the one hand exposing chinas activities for the last 20 years but at the same time, what did he do he opened a path for dialogue with chairman xi. Okay you have done all the mistakes. Now is the time to fix them. I am here in front of the International Community inciting to you do so. Charles i think that was a common theme. I think he opened a path reaching out to others saying our enemies are not permanent enemies, suggesting all the issues can be resolved. Van hipp youve been one of my favorite connecting Foreign Policy with is about. President trump took a serious jab at globalism, which by the way has been rejected or in the midst of being rejected around the world from japan, india, europe, United States, to south america. So when china hears this, how do they put all of this together and how does it impact the markets . The president also said if you want democracy protect your sovereignty. Walid was right, when he said the president was talking about if you want, were the most powerful nation in the world but we dont want to use that power, that sent a message and he also said that so many of our former adversaries are our friends. We work with them. I got to tell i think it was a powerful speech. It showed american leadership. He put china on notice. I think it was brutally honest message that needed to be heard. It was charles, reminiscent to me i heard of speeches in the past of president reagan and president kennedy talking about religious liberty. Calling for the world to stand up against the terroristic regime of iran. Reminiscent of reagan and kennedy and a message the world needed to hear. Charles walid, President Trump on iran said it is coming along well. That america is in a position, really in a strong position when it comes to iran. I guess suggesting that while we have put off military actions against these increasingly provocative actions by iran doesnt mean we cant. People holding out hope, even if i impromptu and short that president rouhani can meet somewhere at the u. N. Do you think that would be a good idea . Meeting by itself is really depending what is the american plan and what is the iranian counterplan. The president was very clear that a very Large International coalition should isolate the iran regime especially after their attack on saudi. It was not just an attack on saudi but International Economy meaning the Oil Installations. What is important the president seemed to be calm. Oh, yeah, we are creating our system in the region, we are defending the region but we will decide the timing of any action. He is open to meet with anybody but at the same time on the ground. He is not ready to make strategic concessions. Charles real quick, walid, because i want to get back to van hipp, the fact that European Countries are saying yes, it was iran who committed the attack on the saudi oil fields, how important is that . Very important. We discussed it last week, you and i. On one hand europeans are committed to the Iran Nuclear Deal because their business is involved in it but on the other hand theyre not happy with the Iranian Regime attacking another country Oil Installations in front of the world . The president gained europeans on issue of missiles and militias. European officials are on the defensive with iran. Charles van hipp, Boris Johnson is committed to the october 31st, hard brexit, soft brexit, how you want to term it, despite a setback in his own country with the Supreme Court, how will that impact the markets . I like what President Trump said when they met at the beginning. He thinks he will get a deal with the United States between trade and with the uk and United States. The president talked about it in the speech at the u. N. I think the big story is this, Boris Johnson is emerging as the mediator if you will between President Trump and the european union. Right after Boris Johnson came out and said what he said about iran and said we need a new deal, we need a trump deal, just minutes after that the e3, uk, france, germany, they came out blamed iran for the attack on saudi arabia. Thats right. Also said, iran you need to start negotiating a better deal. I think Boris Johnson will play a big role going back forth between President Trump and eu. Charles van, walid, you are two of the best. Thank you for helping us out. Thank you. Despite the president s scathing words for china at u. N. , there are signs that talks are moving to resolution including china removing waivers allowing u. S. So i purchases. We heard it was treasury secretary Steve Mnuchin who asked china to push back on the visit to American Farms next month, much to the displeasure or maybe timing of President Trump but what does it all mean for the negotiations . I brought in bellpointe chief strategist david nelson to help us hash it out. On the other hand we get the same rhetoric. Everything President Trump said at u. N. About china i heard him say a million times. Maybe the stage and world audience made a little bit of a difference but we do have good news developing. We have seen a series of olive branching including a pretty nice sized purchases of soybeans. Were getting olive branches, gesture for gesture. The president pushed back tariffs for a couple beeks in response to the 70th anniversary of the Chinese Communist party. Theyre doing a quid pro quo. 600,000 tons, a pretty nice gesture on their part. What is the dynamic hear . What is the end game here . Will we do anything about the key issues, cybersecurity, i. P. Theft, a staterun economy that continues charles i am glad you brought that up. That might be the most important thing President Trump talked about at u. N. Uncovered, hearing all the channels. He brought up micron technology. Micron technology has been victimized, they have been spied on. China tried to buy the company. They rejected the offer. The story of espionage reads like a spy novel. Then a chinese occur actually fined micron. President trump brought them up. Semiconductors are taking it on the chin right now because theyre caught in the crossfire. Sounds like listen, maybe we dont just get a deal with greater trade deal, but the things that some people on wall street dont want the huawei deal involved. Maybe they dont want the deal but we have to have the deal. I think the American Public gets it. 60 of americans understand this regime is a economic and military threat. Micron, full disclosure i own the stock is the tip of the iceberg. A lot of companies fit into that dynamic. You heard what he said in the speech, i am not going home with a bad deal. The message, the markets understand this is going the full distance. Charles big news on wework which has become a household name. It is not even public yet but their founder, adam newman will take a back seat. It is not ready to be public yet. Charles that is the key. Im seeing something in this market even before todays session, these Big Technology names, some of them are consumer discretionary, some communications services, have been under a tremendous amount of pressure. Netflix has gotten slammed. Roku is getting slammed. Some other names are getting slammed. I think this epiphany is making investors pull back to look at all technology to wonder if they are overvalued, if the game is up. If the game is up does that mean the rally is over . I dont think all Technology Companies are flawed in the space. For years, a lot of investors looked myself included look at the business model. No surprise disney comes out with a lot of money a the love content can be a formidable competitor. The valuation has to come in. Wework, the company is losing a dollar for every dollar of revenue. Not surprising they have to cut the deal in half and make again. Charles david, thank you very much. Thanks for having me. Charles House Speaker nancy pelosi will make announcement 5 00 p. M. Eastern time amid growing calls for impeachment. We will have a preview. 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This is nothing more than a continuation of the greatest and most destructive witchhunt of all time. Joining me member of the House Oversight committee which held a hear tag, republican congressman mark green of tennessee. Congressman, i have to ask you about this news, major news. Listen, this is what the democrats asked for, maybe they wont be happy when they get it. I dont think they will be very happy. If he is coming out with the transcript, they will see that this is exactly what he said it was. Exactly what the president of ukraine said it was. A friendly conversation. Joe biden has a lot to worry about here. He used a billion dollar loan to pressure the ukraine government to fire an inspector, who maybe, just maybe was getting close to his sons 3 milliondollar deal routed through two different countries. This will get very interesting very fast. I appreciate the president releasing it. Charles when the news came out, the dow was off 220 points. The dow is off 90. Something of a sigh of a relief. No one on wall street see as constitutional crisis. What people are becoming frustrated with it, never ending accusations, call them fishing expeditions, hunting expeditions for lack of a different term. Also just the notion perhaps someone who was not on the call, didnt hear the call, were not even sure read transcripts of the call can say, hey, im a whistleblower, almost anything can become a serious crises these days. You have to have standing if you are going to make accusations like this. The of course the media doesnt really care. They will seize on anything that gets said, to attack this president , i mean certain parts of the media. Not all networks, so. Charles congressman, apparently there is talk that at some time perhaps during our hour joe biden will officially call for impeachment. We know nancy pelosi is, she has been fending off a desire for impeachment, particularly with Freshmen Congress folks. You get a chance to speak to your colleagues across the aisle. What is the feeling that you get, particularly when you speak to newer members of congress . Those who have been around, impeachment can be a doubleedged sword if it doesnt work out for the party calling for it . There are a lot of moderates, 31 in districts that the president won and theyre very scared. Theyre very concerned about nothing but investigations. Theyre going back to tell their constituents that they want to do the business of the people but unfortunately nancy pelosi has to respond every time aoc opens her mouth. That is what she has been done, within hours of aoc saying we need to impeach, she is on the impeach bandwagon now. Those 31 democrats, in seats that trump won. Theyre shaking in their boots. Charles quickly i know we brought you on to discuss vaping. Some say this could be a political issue in 2020. As adults we have a right, we used to have rights to determine what we put in our bodies even if it was vape smoke. How are those hearings going and a National Effort to criminalize vaping or disallow it . First off, it is a very concerning, these deaths are very frightening there is a lot of medical research that needs to be done. What we need to do is proceed very cautiously. I will remind everyone, the number one cause of preventable debt is cigarette smoking. That is on the cdc website. These flavored cigarettes help adults get off tobacco potentially saving their lives. We need to move cautiously. I dont think there will be political ramifications for President Trump stepping out into this. He is an extrovert. He thinks out loud. A lot of times he gets to the process going but comes to a different position later. I