We will hopefully have updates on that soon. Appreciate it. Thank you. Thanks for joining us. Im erica hill in for poppy on this friday. At this hour with kate bolduan starts now. Hello, everyone. Im kate bolduan. Try this on for size. This whole thing is a hoax but were going to make it a top priority to make sure that hoax never happens again. That seems to be what the president is confusing . Its the show of force versus, well, simply the show. First, the show of force. Not the space force, the force, the iNational Security communi. All at the white house speaking publically and taking questions about election security. The real threats from abroad. No waffling, no sugarcoating
Kate Bolduan gives a fresh take on todays top stories. Kate Bolduan gives a fresh take on todays top stories. Thats right. I think the question is, who does Vladimir Putin believe. Its Vladimir Putin who is coordinating these attacks on our democracy. He believes the president of the United States. It was interesting to hear john bolton say that trump hear the president himself say that putin was really unhappy that donald trump was president. We all know that putin said in helsinki he was pleased to have donald trump as president. The reason for that is that donald trump has not pushed back on the interference in 2016 elections or the oncoming attacks which we have seen in the case of the senator from missouri and the facebook efforts that are coming at 2018. What should we do . This is a moment when congress has to step up. Thats why senator rubio and i have introduced the deter act, which would make it very clear to Vladimir Putin, if gets caught interfering in our elections again, there will be
putin is taking his signals from donald trump, not from what a couple Officials Say in the press room. I think one of the things you alluded to it that might be most concerning yesterday i think we havent paid enough attention to it is what Kaitlan Collins played when asked about was Election Meddling brought up and in what way in that one on one with putin, dan coats says dan coats was asked and he says, im not in a position to understand fully or talk about what happened in helsinki. Then when bolton went to answer, he cited Vladimir Putin as the source of the information of what happened inside the meeting. I found that really, really amazing. Do you have any better idea of what agreements were reached in that meeting in helsinki . None. Zero. It is very alarming that even today, even yesterday, his Top National Security folks dont know either. That gets us back to the point that the only one who does know, other than donald trump, isVladimir Putin. We know that Vladimir Putin is continuing to interfere. We know that from trumps own National Security folks. If donald trump did raise those issues with Vladimir Putin, obviously, Vladimir Putin is not taking him seriously at all. What Vladimir Putin is listening to is donald trump yesterday in pennsylvania where he says this is all a russian hoax. If you are the president of russia and the president of the United States says its a hoax, hey, we will keep doing it. Lets talk about what congress could do or is trying to do. You have you talked about the deter act. Theres a new bipartisan effort announced yesterday to slap new sanctions on russia. You have your own version of punishment on russia. This is getting more attention post helsinki. Honestly, senator, are any of these efforts going anywhere . Were 90 plus days out from the election. Thats the test about whether the republicans in congress, whether the republican
leadership in congress is really interested and willing to protect our democracy going into 2018. They made some nice sounding statements. They dont seem to be opposed to what you put out. The deter act you put out with rubio. Thats exactly right. We have strong bipartisan support. The ultimate question is whether the Republican Leadership in congress, whether senator mcconnell, who said positive things did the deter act, whether he is willing to put it up for a vote. We did get a troubling sign just the other day when we had a vote in the senate on providing more resources to states to protect their Election Systems and virtually every republican senator voted against that simple measure to allow that protection. I will say that momentum is building among republican and Democratic Senators to pass the deter act, because they know its important that we send the signal to putin and we cannot
rely on the president. If we pass this bill, putin will know if he messes around, he will face penalties. He cant rely on the president of the United States to get him out of it. The house is out right now. So lets see how this how quickly all of this you are absolutely right. We have to get this done in august. House in september. The clock is ticking. Thats why the American People need to weigh in. This has been happening for a while. I do need to get you on one thing, senator, before you go. You are in charge of getting more democrats elected to the senate. Someone who has the president s ear, the president s son. He said something thats getting a lot of attention today, saying this about essentially the democrats platform right now. Listen to this. You see the nazi platform in the early 1930s and what was put out there as you look at it compared to the dnc platform of today. Man, those things are awfully similar. To a point where its scary. You want to respond . Im actually not aware of this comment, not exactly sure who he was talking about. He literally was talking about the nazi economic platform and the platform of the dnc. Thats basically the context. You know what . Its another example of totally ignore a ignorant and outrageous statements coming out of not just the president but other members of the family. The reality is what were focused on is trying to reduce the rising costs of health care, rising costs of prescription drugs. We have a plan to modernize in our infrastructure. We have a positive plan. At the same time, we have to stop the Trump Administration efforts to take away peoples access to protection for preexisting conditions and other things. Obviously, we are fighting the part of the trump agenda thats undermining peoples access to
affordable health care. We also have positive ideas of how we can bring down the cost of prescription drugs. Thats what we are talking about. Differences on policy for sure. Comparisons to nazis, we live to fight another day. This is coming at me out of the blue. Its one my goal is not to stump you. My goal was to get your opinion. We have had too many moments like these from the Trump Administration that people it leaves you totally appalled about their whole approach. I just havent seen this comment. I was not trying to stump you. Thank you so much. Breaking news this morning for us. A pair of Major Economic developments. The latest jobs report lowers the unemployment rate. At the same time, good headlines, there are new and troubling threats, from china, beijing threatening new tariffs. What does this mean for you . Thats next. Plus, got the pricey ostrich jacket. Paul manaforts bookkeeper may have more troubling news for him saying the Campaign Chief was going broke and lying to banks, falsifying bank records. Details on day four of the manafort trial coming up. He locx from the wells fargo stagecoach, Agent Beekman was one step ahead of them. Because he hid his customers gold in a different box. And the bandits, well, they got rocks. We protected your money then and were dedicated to helping protect it today. Like alerting you to certain Card Activity we find suspicious. If its not your purchase, well help you resolve it. Its a new day at wells fargo. But its a lot like our first day. Gentle means everything to you and to us. So at johnsons, we improved everything. We used 50 fewer ingredients. Took out dyes, parabens, phthalates and sulfates. Beat the top Safety Standards in the world and added one handed pumps. Gentle means pure, gentle means safe, gentle means love. The new johnsons®. The nations largest seniorliving referral service. For the past five years, ive spoken with hundreds of families and visited seniorcare communities around the country. And ive got to tell you, todays seniorliving communities are better than ever. These days, there are amazing amenities, like movie theaters, Exercise Rooms and swimming pools, public cafes, bars, and bistros, even petcare services. And nobody understands your options like the advisers at a Place For Mom. These are local, expert advisers that will partner with you to find the Perfect Place and determine the right level of care, whether thats just a helping hand or fulltime memory care. Best of all, its a free service. There is never any cost to you. Senior living has never been better, and theres never been an easier way to get great advice. Call today. A Place For Mom you know your family, we know senior living. Together well make the right choice. Eye on is wage growth. That was 2. 7 , which is not a bad thing. But you have to look at it in a larger context. At this point in the cycle where we have at or we are near full employment, that means every american who is willing and able has a job, we should see that number between 3 and 4 . Its stuck at 2. 7 . By the way, to my point about context, inflation is 2 . Thats not a huge raise for the american worker. Overall, strong jobs report, 157,000 jobs added. A little less than wall street would have liked. A little less than the trend that we have been seeing of 200,000 jobs added every month. Now wall street is trying to figure out whether or not this is a blip or whether this is a seasonal thing or whether or not the economy is, in fact, pulling back and were going to see lower numbers, which by the way, would not be abnormal in this point of the cycle, because we have added so many jobs. The question is, how many more can we go from here . Also, really interesting in this report, look at the sectors. We saw business services, manufacturing, all of those sectors were up. Manufacturing, still up. Overall, like i said, 157, even though we have this overhang of a potential Global Trade War which could disrupt supply chains. Lets talk about that. What is china now saying about new tariffs . Its hitting back. It announced today that it might impose 5 to 25 tariffs on 60 billion worth of chinese of american goods. This is in response to the administration escalating earlier this week when it said it might consider 25 tariffs on 200 billion of chinese goods. That was up from 10 . The chinese not rolling over. Here is the thing. When i talk to my sources in the administration, they didnt expect china to really stand down. Right . President trump thinks that the
u. S. Economy is so strong that it could inflict more harm on china than china can retaliate with. Technically, he is right. But the economy can take this. Dollar for dollar, China Cant Hit us back with the same amount. It can do other things to retaliate. The economy can take this. But the economy is made up of people. And companies. And companies. And farmers and producers and can they take it all along the way until things calm down . Lets talk about it. Great to see you. Thank you so much. On this issue, these proposed tariffs would be the latest hit to the u. S. Economy. This fight with china is having an impact on Many American businesses, businesses like farmers. I know i have played this sound bite for you multiple times this week. I want to play it again because it is important. Here is what President Trump said about this all on tuesday. Our farmers are true patriots. Because china and others have targeted china and others remember this have targeted our farmers. Not good. Not nice. You know what our farmers are saying . Its okay. We can take it. Its okay. We can take it. Joining me now is christopher gibbs, a corn, soy boy abean an cattle farmer. Esshe i he is saying this is too far. When you say that the tariffs from china are already hurting you, you are a soy bean farmer. In ohio, so many goes to china, more tariffs now could be coming. That means what for you . We have seen what that can mean. We have taken approximately a 20 decrease in the price of
soybeans since march, since this all escalation started. Certainly, 60 billion of te tariffs thats not helpful. Markets are built on a couple different things. They are built on the technical, on fundamentals. Theyre also built on confidence. Market confidence. This tcontinued rhetoric, bludgeoning of our trade partners doesnt give the market confidence. We continue on a downward slide, whether its corn, whether its soybeans, hogs. All those are on a downward slide since march. You can relate that directly back to this tariff fight. When the president said that farmers are telling him its okay, we can take it, when you heard that, what did you think . Well, you know what . Farmers are tough. We dont run. We dont spook. We dont hide. Thats fine. But that doesnt mean we cant speak out on policy thats pretty much illadvised, from my view. Im a free trader. Let me tell you something. Agriculture has one marketing plan. We have one business plan. Its trade. When 95 of the people on the planet live outside of the u. S. , thats what we have those are the folks we have to sell to. When the president uses rhetoric against mexico, which is our number one corn customer, and china, which is our number one soybean customer. We send 30 of our beans to china. 86 of our Pork Production goes to china and mexico. When he uses that rhetoric, it makes us nervous out here in ag country. Hey, i can take it, sure. But i dont have to be quiet about it. The president calls it like he sees it. Im going to call it like i see it. I want to be clear. You are very clear about this. You are a republican. You have always been within. You voted for trump. When you wrote this Opinion Piece for the local paper, its gotten a lot of attention. About this very issue, you dont mince words. You will speak up. You are angry about it. I want to read part of it that really sticks out. Let me tell you a riddle. I slept with a billionaire because he said he loved me. I expected to make love but in the morning i realized i was getting screwed. When i went to tell the world, i was offered cash to keep my mouth shut. Who am i . Not a model or someone named stormy. Im the american farmer. What do you want to make sure people understand here . I will tell you what. We were with trump probably on this trade fight. Because he continues to say that its going to get better, its going to get better. We can talk about that in a minute. The moment that the administration announced they were going to borrow 12 billion
to shore up and essentially Sedate American agriculture, that ended up being A Bridge Too Far for me. What it signalled was this. It signalled the administration was admitting that the policy Wasnt Working as quick as they hoped and it also signalled that it was going to be a long time. It was going to take us a long time to get out of it. Thats what prompted me to write the article. I certainly want people to read the rest of it, other than the hyperbole. It gets you in the door. Its good. I recommend everybody read your piece. I will send it out for sure. That sticks out. Theres no doubt about it. You talk about he is basically making the case that its shortterm pain for longterm gain. Im going to cut a better deal. Thats his promise. How long can you wait . Yeah. Well, i tell you what. You know what . I dont have a crop today. I dont have a crop today. The crop is out in the field. We were planted before all of this started. I didnt have a chance to respond. Plan a different crop or what have you. Were down the road. Since i dont have a crop, the expectation is that we would be maybe back to normal, that our markets would be all this would be settled maybe by january or something. We would go on down the road. Im not sure how we recall, we rebuild that 20 loss. We have a good krcrop out there. Theres expected softness in the marth becau market because we have a good crop. American agriculture has worked since the mid 80s and beyond. We made relationships and went
as around the world and one relationship at a time created markets, just for this eventuality when we had Large Production so market were stable and we had a place to sell our crops and we didnt have to come to the American People. Thats not whats happening at this moment. Christopher gibbs, thanks for coming on. I appreciate it. I will continue to check in with you and hope you keep speaking out. Thank you. Yes, maam. Coming up, lavish spending while struggling to stay afloat, lying to the banks. Thats what monanaforts former bookkeeper is saying. We will talk about that next. Mmm, thats good. Lactaid. The real milk that doesnt mess with you. And for chocolate lovers, try rich, Creamy Lactaid chocolate milk. Them, not so much. We let you keep an eye on your business from anywhere. The others . Nope for a limited time, when you get fast, reliable internet, you can add voice for just 24. 95 more per month. Call or go online today. Call or go on line today. Extravagant clothes to say the least. You cant unsee that ostrich jacket. Multimillion dollar homes, extravagant landscaping and more. Pros