Transcripts For FBC After The Bell 20170705 : vimarsana.com

FBC After The Bell July 5, 2017

Putin more on what we can expect. The president also facing another test of the world stage. What to do about north korea and the launch of a Ballistic Missile. It claims it can reach the United States. They are holding an emergency meeting right now we will take either life. And raising taxes on the rich. Why a key member of the trump team may be pushing this controversial proposal they are among our guest this hour. Have another theory about this. Look at the Dow Jones Industrial average. The gain or loss is just a game. It is essentially waiting to see what happens with north korea the president in europe is meeting with andrea merkel. We get the jobs numbers so we are seeing some huge accident action in commodities. Nicole peddling is on pedaling is on the floor of the new york stock exchange. But first to oil. This is the biggie today. They would not agree. Just a month ago so it looked like there was a change in the air. The concern about the north korea slope situation. The added to the negativity. We also had this report that saudi arabia is concerned about losing market share so they cut prices and that was another concern. It looks like the opec deal might be falling apart. Thank you so much. The wayne on the markets today. Those energy like yours. Certainly wade. Its down 6. 8 percent. 6. 3 percent. And that was all about those things. That they would not extend those cuts. Oil dropped 4. 3 percent. A big sellout. The one point move. Its down nearly 2 . We have some concerns of course. And now with the Disney Channel and also freeform that they are losing that. Over the past three years. And then there was netflix. It was down over 10 . It is stalling the autoparts companies. The advance auto parts. 11 . 90 lower. Thank you for that. 1004 in the evening and that is not the president s play. It is not air force one that is a support complaint. But the support personnel is on that plane. The president is due to arrive any moment, 1015 warsaw time. Of course they are expert at arriving just when they are planning to arrive. They will make that time particularly since they had landed. He is meeting with other World Leaders at the g20 summit later this week. It was lashing out at china. It is making some of the worst trade deals in world history. Why should we continue with these deals. In trade between china and north korea. So much for them working with us. And heather from sunamerica funds. They are waiting on a lot of peoples minds. A lot of people wonder where they got their statistic. By 40 . That comes from chinas own data. They dont put it at 40 they say it is 37. 4 percent. Despite the fact that theyve cut back on coal. Whats going on there. In the meantime it is going to hear trump putting more pressure on china. You are worried about the situation in north korea. If you are going to travel abroad. Worried about what this could mean for your investments. Theres a lot of uncertainty attached with north korea. What is our plan what is our strategy as a country and they are really looking to present trump for leadership on this. There was a huge increase in iron ore from north korea. That may have been a big part of it. As we wait the president the real focus right now is on europe. Everybody was complaining about that europeans dont like him he got what he wanted from the nato deal. The increase in the military spending as he said they should now they are kind of worrying about the trade deals. If they say that they dont know that as well. It is about limiting to free trade. China has a history of suppressing their currency. There are some policies on certain commodities coming out of china to the u. S. And a way of punishing china for manipulating their currency and having these cheap exports to the u. S. They want to keep american jobs here at home. I dont think we are getting anywhere with the belt we have. It offends the conservative. Right now this belt which is not a repeal has become the kitchen sink. It is being lit up like a Christmas Tree full of billiondollar ornaments full of billiondollar ornaments everybody at home is going you guys had seven years to get a belt together. And you still dont have anything to show for it. You are spending too little. Which is it and is there actually something going to happen. They have the backdrop of midyear elections. That may tie their hands. Not to mention the clock is ticking on tax reform. What are whatever we can see with that. Its called the deal. Again with the obstruction of that. And not passing legislation. If youd like to give them lets just give them a chance or a shot here. They dont think i can get it done the way it stands done. Almost all of them except for one had agreed that they want to repeal obama care. It forces everyone to Work Together to come up with a replacement that is plan b for him. Were about six minutes away from the president arriving. I want to switch for a moment. It is phasing out the traditional amendments. And this is on the day when we see a drop in oil. The timing just doesnt seem to be right here. They are our gas prices cheaper for the consumers. Thats why you see them stacking up. Sucking up. And these big suvs because there is not as much or as big of a demand for electric vehicles with gas prices so low. Cracking down on handouts. They see the enrollment numbers plummet. They are forced to find a job or participate. Veronica i was just looking at some stats here. 55 percent of American Adults who are 18 to 64 had fulltime jobs. They are still able bodied americans. What is going on. A lot of them are men. It is a sad part. They have required people to go back to work. This is not anything new. I think the goal here is to have people become financially empowered what is can make them independent. You just look at us and you see the Labor Force Participation rate. Abled bodies. To lose welfare. It is not meant to be permanent. Veronica and heather. This is the myth of the left. Its because of the baby boom. As the math. They were working at during the clinton administration. Its not working right now. And we have to do something. It is there with present trump due to arrive. It is the start of a very important trip that includes the first sit down with vladimir putin. For National Security. Theyre here on what we can expect. They are promising to turn hundreds of thousands of Illegal Immigrants into u. S. Citizens is it possible. It is underweight right now. It is in response to the latest missile test. They are addressing the floor just moments ago. Make no mistake north korea is a clear and sharp military escalation. Their actions are quickly closing off the possibility of a diplomatic solution. [brother] any last words . [boy] karma, danny. Karma [vo] progress is seizing the moment. Your summer moment awaits you, now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. David it is extraordinary how they do this this is air force one were told, exactly on time. Due to you touch down at 10 15, warsaw time. That is exactly when wheels you touched the ground. Despite the fact they left a little late. They made up some time and indeed they arrived. Support vehicle, the other 747 came a little bit early. I assume that has things like the car that theyre going to use on the trip. He will attempt to build a lot of ties with poland right now. Poland has been a relatively big supporter for the europeans of President Trump and his administration. So he is going to be spending time there, making a couple of speeches. This is ahead of fridays g20 summit, will have more difficult, shall we say talks, interviews, but were going to keep that picture up of air force one. Hopefully we see the president disembark. We want to go to adam shapiro at the white house for details what is president is expecting. Adam. Lets talk about poland because the president will be getting off of air force one momentarily. He is going to poland, one, he is going to enjoy a good relationship, not only with the polish president but also with the polish people but discuss energy independence. There is a summit taking place in poland. It is three b Seas Initiative. Baltic, adriatic and countries on those different seas. They rely heavily on russian gas shipments as central europe. Natural gas is a big player. President will meet with them during this summit not only ways poland can get energy independent, not be so dependent on russians and some of these other countries are members of nato. There is concern about russian aggression at some point in the future after what weve seen with russia and ukraine. That is why he is making the first stop in poland. There will be a great discussion with the three Seas Initiative leaders from those other countries about energy, david . David we should mention, cant put up the map and have Everything Else going on, there is a bit of russian territory to the far east and north of poland, between poland and baltic countries. That is the deepwater port that the russians have for their navy which is strategically very important to the russians. Kalingrad, a real bug in the shoes of the pols. There may be a way to stick a thumb in the eye of poland. The fact that President Trump going to polland sending a message loud and clear to Vladmir Putin. You cant he see the map but i pulled up the map on my iphone. You wont see it too well. David we cant. Well take your word for it. We see the lights in the sky. It is a late night close to the white nights of the end of june in poland. It is about at the same longitude as london. Even though 10 15 or 10 19 in the evening still a little light in the sky. Melissa stephen yates, keep scrolling, former Deputy Assistant to the white house for National Security affairs and joins us now. Why do you think going to poland first . Why is that important . I think it is the Perfect Place for this president to to. Poland as a country represents historically what the coalition of voters brought President Trump into the white house in the United States. People remember labor came together with the likes of the pope and Ronald Reagan and Margaret Thatcher to stand up against communism and turn the hinges of history in the right direction. So you have got a working class, hardworking, sober country there. It is a signal to russia but it is a signal to old europe there are hardworking europeans that agree with the agenda of this president and are concerned about having a stronger policy to balance trade and security equities there. Melissa what do you think about his mission of the g20 . What is the most important thing that he needs to focus on . To be frank, i think any G Organization with number larger than one is destined to have diluted again today. Most important thing are bilateral meetings. He has very important bilateral meetings. Meeting with polish leadership before president putin is a good move. Interest will be important discussions about continuing defense preparations of nato. Really a chance, now that were past somewhat introductory phase of the Trump Presidency to talk about counter strategy against isis and iran and matters in north korea that are pressing. In terms of Vladmir Putin, what do you think is the most important thing to get across in that meeting . There are a lot of people out there saying boy, he has to start with the election. That is the most important thing. Were a sovereign nation. They cant interfere with our election. At same time this is something Vladmir Putin already denied. I dont know as you get together on that, what progress could you really make . Is it smarter to start with syria, trying to find Common Ground to move forward or what do you think . Well, my recommendation would be just like people said, let reagan be reagan, let trump be trump. I doubt very much he is going to be focused very much on trying to respond to what news cycle here says he needs to with regard to the election. He is the president of the United States. He is leader of the free world. He should go toetotoe with a significant counterpart. I think talking about the broader middle east, energy independence, the syriaisis challenge, and north korea with russia is a very appropriate agenda. So i think this is opportunity for him to be president ial and just basically set the terms of his own relationship with putin and others. Melissa yeah. There is, a lot has been made of this idea he said he respected putin as a strong leader. In a lot of ways theyre both alpha males. They will be there to sort of look each other in the eye and size each other up but we wont know what most of goes on, right . No, we dont. Well get readouts. Lately washington leaks like a sieve so we should get a roodout of this meeting very quickly. It is important to remember reagan and his counterparts had several meetings before we got the measure of that strategic relationship is going. This is some ways a very important he relationship of continuing of new interaction of this president with russias leader. He is the most imposing force around the world . I know everything we have going on with north korea right now, and kim jongun, but in so many ways he seems beyond reason, reclusive, not somebody you meet with, try to strategize. Maybe this is perhaps the most important facetoface meeting he will do for some time . Very, very important. I think leader of china competes somewhat in terms of the level of National Interests we have stake and global interests we have at stake. Clearly one that dominates the news. This is an important tonesetter. Melissa yeah. David we want to bring in peter brookes, heritage foundation, senior fellow for National Security affairs and retired naval commander. Peter, there is the issue of ukraine. Interesting, ukraine has been he actually doing pretty well economically over the past year. It went through a very tough time a couple years ago, particularly right after the invasion of the crimea by the russians during which of course the Obama Administration did essentially nothing. Is that too sensitive a subject to bring up on this first faceface meeting with putin. No, i dont think so. Obviously i think the president should be straightforward and bring up issues. You cant expect to resolve issues in one meeting, considering translation and Everything Else, it will be about half as long as it is scheduled for. So i think it is okay to bring this up. This is certainly something that is irritant in the relationship. The president ought to tell him, president putin what he thinks about it. Then of course later on other senior officials will try to deal with these issues, if there is any possibility of progress. David now the president can be more frank than most president s have been in these kind of encounters. Melissa thats true. David i wonder will he be frank about their real intentions in the ukraine . They have not intentions back out of the crimea. If anything, there is suggestion and real hard evidence that theyre helping out a rebel force that supplied by russian hardware and even may have russians working within it . Absolutely. I dont expect the russians will give up crimea which we dont buy into. They have their justification. I dont think they will be leaving there. It will be difficult for putin from Public Opinion standpoint to back out of crime crime. Rest of ukraine, Eastern Ukraine is negotiation. I think putting pressure on government in kiev, make it collapse. That kiev doesnt move west towards europe or economically or david peter, excuse me for interrupting. I want to alert our viewers that, did what were saying that 747 arrived. I assume vehicles had something to do with it. 747 is loaded up with the hardware that the president uses to tool around while in europe. Of course these vehicles are super secure against any kind of potential attacks. The president , our president is going to be meeting i understand by the foreign minister of poland and by the u. S. Ambassador. I dont believe the president is going to be there. Explain the significance of going to poland, peter. We heard peter talking a little bit about it. I kind of like the idea really focusing on an area of europe, if anything has been denigrated let me stop myself in my tracks, there is of course the president and first lady, Melania Trump. They look pretty chipper considering the long trip. Melissa it is quite a journey. At top of the stairs, coming down, getting ready for first leg of the tour where we see some things happen. This is the first stop in poland. Then they go to the g20 meeting. They have a facetoface, president does with Vladmir Putin at end of the week. The last trip you remember when they went abroad, when in the middle east heralded largely, even begrudgingly by some as a success. So well see how this one goes. David interestingly, despite all of the rumors at the time president is there by Mainstream Media, that he was being poorly received, we saw snickering by leaders when he mentioned they should add up more money, pony up more money to nato, the president of france actually invited him to come to france for bastille day which i think is the 14th of july and he accepted. And he will be going apparently to france after this meeting. So for all peter you can chime in here too. For all the way in which these trips are interpreted by the Mainstream Media, very often stuff is going on far deeper than what we see in superficial presentation. Absolutely. These are leaders of major leaders. Take opportunity to take measure of the other. T

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