Transcripts For FBC Making Money With Charles Payne 20240713

Transcripts For FBC Making Money With Charles Payne 20240713

Investors await sunday deadline for chinese tariffs but hovering near alltime highs if you look at last december, you have to won if root shoe that is going to drop, there is still a lot of question marks 16 trading days left in 2019 joining me president and cio of Wealth Management aaron and strategist capital ways, great to have you with us starting with you looking at market today, dow down 69 points ig report just out waiting for more news on china trade. Markets are tentative right now. I think a lot of this is awesome good week last week particularly, really high with job numbers on friday, i think a of pullback today is completely normal, particularly when we do have that that line to on sunday hovering over us. We are waiting for more news on china trade interesting because youve got the president saying look, i will wait until after election or next year to do Something Like have to, to ink a deal larry wlar la larry kudlow saying close to a deal looking for tariffs on sunday. I think it may be looking for them maybe tentatively friday striking thing to me larry kudlow said yeah president willing to wait until kind of deal he wants, what is in that deal we know chinese are not going to agree to that is my version of it. The market loves it condos on highs closed on highs made up for losses of the week on friday when bad news came out, tuesday obviously, we saw president comments the market went down friday, the same thing should have happened, but the opposite happened part of what we i think people saw numbers were so good economy looking good is he consumers in good position, 54,000 more manufacturing jobs created in november, you know so far, the manufacturing recession has not developed, and i everything is good the consumers good place coming into the Fourth Quarter all the Holiday Spending is occurring, i liked the market in here i think has a good chance to go higher. The consumer is such an important part of this economy, twothirds of it basically, according to the Federal Reserve so my question is this with tariffs over blaifrnt of goods mores consumer reeltsdz will consumer hold up be as strong if tariffs are passed on . So right now particularly looking at the when stock specific Consumer Discretionary looking at better 2020 even with the tariffs built in so we know that some companies yes going to get squeezed a little harder, and even see that built into Fourth Quarter estimates revenues is where high but profit great again even though a large part of the economy, when you look at stock market, picks the market can stills as much go up be held up because of some other advantages not too overpriced again, i think this is really about this there is no other alternative environment up large expecting as evchampions safest places to put money particularly the low yields not expecting Interest Rates to rise, we are in a very safe overall safe economic environment one safest place for your money. That is troubling exactly. But i think about the last year in volatility that we saw in the markets late december, part of that having to do with fed weve got a fed meeting this week, kicking off tuesday, statement and presser on wednesday your thoughts, expectations right now, it seems like the fed is on pause. Yeah, i think it is as jackie zero chance fed going to do anything to upset the markets right now, they saw obviously, what happened last year three rate hikes into december things just went in a handbasket not going to up into this especially with december 15 basically right ahead of us, going to be tariffs if going to be retaliation, from china in terms of more terrorists to United States market could see a dip not going to stand in the way of that, they are going to just add whatever support they can, i expect whatever commentary comes out of the fed this week to be positive ready if need to cut rates. I am going to pose this to being of you we got headlines from ig report going to dig into that in a a moment but, also, waiting to see how the house moves forward, with impeachment proceedings, you know the markets trader that i was talking o to tridown at floor basically are shruging this off saying if as the isnt removed we dont have a problem do you agree do you think if impeachment comes down more zajdz setting the stage for tougher 2020 election, that saul the markets are not going to take iment as easy as they thought they might . No, i definitely think one, we most figures unlikely they will get a pass to the senate i think that is most of wall street is just discounting that fact, but two, even if some extraordinary reason it got past the senate we have seen in past impeachments dont have as big impact on market, so i think we are looking at corporations profitings profitings. I dont think as big being. Do you agree they are going to say things good. I agree one hundred percent it is a economy, and economy, and the economy. And so far so good impeachment had absolutely zero effect on markets so far i dont think going to have any effect Going Forward whatsoever. Great to see you. Thank you so much for time today. Meantime doj report potential abuse in 2016 election is now out straight blake burman at the white house. 434page report released last hour, shoots down claims that over on nation russia investigation 206 was politically driven, but also called into question, the fisa process, that was involved with it all, here is part of what the doj said of hoigs to open up that investigation crossfire hurricane in july of 2016 he says quote we concluded that prestaff exercise discretionary in opening the investigation was in compliance with department fbi policies and we did not find documentary or testimonial evidence political bias improper motivation influenced his decision, being one of the heads of counterintelligence at fbi, that fbi investigation starts with troerm aide carter page, looking into whether or not he was being used by russian intelligence the report does cite flaws with the fisa application, process, sighing quote the three carter page renewal applications neighborhood a number of factual representations inaccurate incomplete unsupported by appropriate digestion based on information in the fbi possession at the Time Applications were filed however this likely wont land as a bombshell that many republicans were hoping for to give you one example, john durham tapped by attorney general bill barr running his criminal investigation, put out a statement a while ago says he zwreez with some of the aspects of the independent Inspector General report, saying quote, based on the evidence collected to date, and while our investigation is ongoing, last month we revived the Inspector General to we do not agree with some report conclusions as the predication how the fbi case was opened, the democratic congressman in aler leading the impeachment hearings right now, in the House Judiciary Committee chairs that Committee Said in a statement quote, the ig report shows that the investigations special counsel mueller took over not politically motivated and officialsing acted diplomat appropriately opening the investigation. At the white house president in middle of ongoing inventory has he spoken for a few minutes says he is looking forward to the durham report. Thank you so much for that looking for tweets as well meantime that ig report still leaving plenty of questions, on the table, in regards to the use of fisa, survey Trump Campaign but what does it mean for the president as we move forward for that i would like to well trump 2020 senior legal he adviser jenna. Thanks for having me. You heard blakes report the findings here that there was no political bias, yet, omission inaccuracies 17 significant errors talk about your view on this. This report is absolutely chilling, and you know lets remember, that in context fisa is supposed to be for foreign intelligence gathered not not to spy on american citizens, political campaigns i think that as america digests this report and we actually look through all of the conclusions that are drawn, of course, have durham look at this have attorney general look at this, lets also remember that this really reads more like a Human Resources report this isnt going to be you know Something Like for example the theatre cal theatre this is very dry shows conclusions here that are indeed very chilling, and so i think the question here is what next, because now that we know, that the fisa warrant application process has been severely compromised it is incumbent upon the fbi and also the doj everyone involved to make sure that we return the american system to legitimacy. Followup to that what about issue no pressing of where the funding for the steele dossier came from. You know i think that it is it is going to be a really interesting question and i hope that this is pursued and again, as we look through this report, i think it is very telling, that there was reliance an misinformation here so in any context like for example a criminal warrant, under thank you know the Fourth Amendment for anyone who has to get actual evidence in order to have a judge sign off on warrant you have to have legitimate legal reasons for that you have to have actual evidence and you have to have straightforward facts if you dont have that if you manipulate that fab berate the evidence that cannot only throw out an entire case but that can also have a criminal implication for the people involved so i think it is going to be very important moving forward here, to see what the doj does with th this. I think you are right in terms of horowitz report doesnt have criminal implications adventureham report could you do see this advantageous that direction. It is possible, absolutely, i think that even with the implications of the horowitz report, of course, democrats will try to minimize it again very, very chilling, what were seeing here to see there have been, manipulations of the fisa process, comey absolutely did not comply with fbi guidelines, and there was spying on now we know four americans that were involved in the 2016 campaign. For President Trump. I think this is a very appropriate that the doj look at possibilities, so i think it remains he to be seen i am not gettinged ahead of doj i think it could head that direction. Interesting the is time of two things happening right you have the house impeachment hearings you also have ig report coming out, many have said that moving forward with impeachment is a way to distract from what would actually be in this report. And this inquiry, itself moving forward. Of course, you know it is very interesting that the house would hold a Committee Hearing at 9 00 a. M. On monday morning, that is atypical for congress to do that so this is, of course, yet another distraction the democrats dont want to have truth in fact actually come out they are distracting with this impeachment circus every way possible, to get the American People focused off the fact they dont have any evidence, and that is political sham impeachment of President Trump on the judiciary, house report that came out on saturday, they actually admitted nadler said the Nixon Clinton inte. H impeachment stand constitutionally no longer valid going to reinterpreter that standard said in that report impeachment is not to pun for past is wrongs wrongdoings they have no proof of but to may be sure quote unquote to protect nation from future delineates to democracy that is what directions are for we vest elected firms American People want to be in office, that is not what the impeachment process is for, so again every turn they are manipulating the constitution the process doing this on taxpayer funded dimon so are dime to undermine the 2020 campaign trying to undermine the ig report really is the critical breaking news of the day, every american should be paying attention to this, not the sham impeachment predicting just ridiculous. Thank you for insight. Thank you jackie. High drama big business showdown taking place in manhattan courtroom this hour we are going to have a live report as tmobile fights to buy sprint, and we are down to the wire, on the usmca fight with sources telling fox business that a deal has been reached, weve got the details of that after the break. sure, the contents easy. But then you have to connect, download, edit, reformat, output, save, send, upload. Still uploading. And maybe eventually post. This isnt working. Introducing samsung business video solutions. With the galaxy note10, you can shoot, edit and post thumbstopping videos, all from one device. Samsung business solutions. vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. Woi felt completely helpless. Hed online. My entire career and business were in jeopardy. I called reputation defender. 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Reporter that is the multimilliondollar question next step House Speaker nancy pelosi has to look at final language say yes or no for a vote, congressional source telling me democrats are reviewing changes on usmca. Senior democratic aide told me within last hour, that they are studying the proposal and no agreements were announced yet i can tell you though from multiple stakeholder sources they are told agreement with mexico and u. S. Over usmca, congressional sources also saying that u. S. And mexico have an agreement, senator Chuck Grassley folks said he is looking forward to a briefing from representative trade representative Robert Lighthizer about this. The language we are hearing finalized within 4 hours 24 hours meaning mexico has to reratify usmca canada has to finish their ratification process, now the hurtle is House Speaker asked for changes, labor enforcement those changes have been made trade sources say mexico agreed to neutral third party as well as mexican u. S. Representatives to verifier they comply with workers making afternoon 16 an hour a process taken longer than a year, now our Maria Bartiromo says her sources tell us usmca could come to a floor vote as early as this week, jackie we will wait and see exactly what House Speaker does, related to this. Jackie thank you so much for that report we will be watching closely joining me now to talk a little bit more about it, Border Council security president great to see you, so many times we have seen before we negotiate, not only on usmca but also the china deal it comes to actually moving forward, and everything false apart your thoughts how realistic it is. We have been here, before, for months, and i think what needs to happen this needs to pass before the the congress leaves, later this month, now i will say there is hundreds of millions of dollars people waiting companies waiting to remove the uncertainty that need to to be there to invest in mexico and in canada. I will say that now, mexico is the number one trading partner for the United States, canada right behind number two, almost 700 billion dollars in International Trade 2018 will surpass that 2019 things absolutely need . Jobs, almost 180,000 job 180,000 jobs are waiting in line fore this to pass. So people can get in there invest put people to work that obviously, helps with all kinds of things quality in life along the border certainly the more jobs we have in mexico and u. S. , the less issues we have obviously, across our border. Part of the deal that nancy pelosi is just trying to kick the can, couldnt stall any more now raising the bar in terms of hurdles she doesnt want to give the president a win. Goalposts continuously get moved forward right what is going to have to happen time i think we are we are out of options what else do you want now . I think you have bipartisan support i take to every member democratic republican from san diego to brownville all want this to happen the mexico government wants this to happen canadian folks want to happen only person wait for nancy pelosi. Reratified by mexico our system canada too do you think possible before end of the year. I think it is. Dems are going to find Something Else to hold off. Only thing that mexico has said is that they are not going to allow inspectors that happen to be part of the agreement i dont know affiliate is or not i have not seen a copy yet i will say that if it is it may be a Sticking Point if not, i think mexico is ready to move now i think canada waiting to see what u. S. Is going to do we may have an agreement before christmas. Crucial to find out what that have a compromise is that they have potentially reached here. Keep us in thoughts. We will great to see you. Thank you so much. Thank you for having me. Coming up amazon missing out on 10 billion dollars deal, blaming President Trump for it is it fair . Plus, tmobile sprint in court today a case hitting

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