Transcripts For FBC Cavuto 20240621 : vimarsana.com

FBC Cavuto June 21, 2024

This selfmanufactured model is going down. Its never what it said it was. It cant wipe out the human abuses that its in its very dna. China will crack down on hong kong. I dont know when. I think its difficult to pull another teen man square in this age, but its not impossible for china to pull Something Like this especially beijing control of the internet and how it stifles its own people. It is direct contradiction and the economic dichotomy its spent decades crafting to remind the us what it is not. For years the china has had the best of both worlds. One that could produce enveabl powerhouses, but inherent in making money is understanding what happens when your own people start making money. They start imagining not only a better life, but a freer life. They crave freedoms. Once you have food on the table, you start looking for more more to fill your plate. China kept the lid on such dreams in the mainland. It is having a devil of a time forcing that issue in the hong kong. That other land always restless, always separate, always different, always definite, and now hong kong is upping the ante because they are demanding more say in their government this is about them demanding total say in their entire governments. China cannot allow that because it would open themselves up to main landers getting the same thing. They eventually long for something more than the paper wealth you throw at them. They want more. They want to be more. Suddenly for china, it is a Perfect World that is collapsing all around them. A manufactured ma raj of gdp numbers that seem too good to be true. Maybe the numbers werent so good. Maybe the Business Opportunities werent so great. Maybe what chain said it was, were two different things. The citizens demand something more than a babysitting head of state. Chinas chickens are coming home to roost. Its communist capital can a nun drum is coming back. No matter what what happens in hong kong, we now know this it was inherited economist steve moore what do you think . That was elegant. I will simply say this to bother a phrase from bush the chinese havent gotten that freedom thing. They have a very autocratic the leaders are control freaks. This is an example of that. Neil we always knew that. What was the Tipping Point that they ignored the warning points . In beijing they were ignoring the noise the electors being forced down their float. First of all, remember when hong kong was reunited when w china a lot of us were asking the question who was taking over who. Was china taking over hong kong or viceversa. Now we know the answer to that question. We had always hoped that hong kong capitalism and freedom would just invade china like a virus, and i dont know whether it is in the dna of the chinese leaders that they cant give up control, but you asked the question, could there be another ten man square, i think there could. Neil when push comes to, they will push it to the brink. I hope im wrong. Neil if they do there, they would have to in the mainland. The people in hong kong arent going to give up their democratic freedoms. They say an immovable force running into an irresistible object. Im not sure the residents and citizens of hong kong are going to move back in history to control by beijing. Neil what does the world in that event. Oh, man. Good question. What has the United States done about anything over the last six, 78 years. Nothing. This is why we have to worry about china becoming a military superpower. What about taiwan . I mean, taiwan is in a very, very tenuous situation now. Neil so the disguise comes off their real intentions are known. The real questions weve always asked the economist, can you have a free market economy to the sense they do and have a repressive political government. Im not sure that works out so well. Neil im amazed how long it has lasted. I want to expand this. It was just about a week ago that beijing celebrated the success of alibaba. Tracy, it does seem mutually incompatible, but it is and has been the success of china to have the best of two worlds. The communist state and the capitalist state. That attracts big money. Those days are running out. Or are they . I think you made a great point about how the people are changing. Hongsd doesnt have a high end luxury tax. So why do they go to buy all their stuff . Hong kong. They want to be like hong kong actually. This must be so weird for the Chinese People watching this. Theyre probably cheering on hong kong saying do this. Go for it. Maybe it will fleet over to us. Many will argue china is in worse state than japan at this point. They have overcapacity. Their Housing Market is falling. Theyre not doing anything. Neil the sky is crumbling. 100 percent with them how many times have we sat at fox business. Do you trust the data coming at you . Talking about alibaba, do you really think of course, ma and pa investors in kansas are thinking do i want to put my nest egg in alibaba. Why do people do that . This is a whole another thing. Neil in that ipo was the understanding that china was calling the shots. Weve gotten used to that and live with that, but what happens now. First of all, the economic figures might be flawed, but you the pollution and commodity numbers are r large. These factories are humming in this country. Getting back to the point neil i dont think approaching any of the numbers theyre saying. You cant make up for the point theyre consuming so much. Now, as far as investors, investors have written this off for years. Other than alibaba, this market is down 40, 50 percent acrosstheboard from before the crash. This is one of the worst performing stock markets of any major market because we know its screwy at the very best. Theyve not been kind to our multinationals. They box us out the door. Neil didnt google say to hell with it . Right. So i would think many would argue they need us more than we need them. Neil i think practical the selfsurvival thing to do do whatever to hong kong they want. Dont look like theyre appeasing them. Certainly dont fire on them, but i dont think china wont dont do that. I think it will revert to the violent china. Who knows how it will play out. If it gets violent, we have to side with hong kong. If we dont and they come in and militarily squash hong kong. Neil do you think theyre going to stop them . There are Chinese Police that are as we speak right now moving into hong kong and lets not forget that hong kong was a part of the British Empire for years and years. But to your point earlier in the show, that swan song is happening for people in hong kong. Neil theyre watching this with keen interest in china. What are they going to do to these people . China must know in the back of its mind if we give too much to hong kong authorities then we have a problem at home. Right . This isnt the freest part of china. They actually have more rights than the rest of the bulk of china. Neil they want more. Give a little, and the whole thing falls apart. Were supposed to protect them. I dont know if this is going to happen. I will say a dictatorship with capitalism can work if theyre not doing also the ridiculous decision where theyre building trains all over the place. Thats wasting resources. Britain was a kingdom that grew well for a long time. Neil rational leaders would tell you that the last time we want is to empower this juggernaut. Yet their history suggests that they will ultimately, you know, cut off their nose to spite their face. I love the notion that we would support hong kong and capitalism, but no way. No way. There are steps we could take. We could take aim at their economy. Neil well, their economy would suffer and their market would stumble even more. Youre saying that makes them more repressive. Neil thats the only way we could hold them back. Sometimes they inflict the wound themselves and they dont care. The American People can say, im not going to buy chinese. We can take action too. Dont they have a trillion reasons to listen to us. We could just not pay it back. Right . As they get smarter i think the Chinese People will rebel. Remember the baby formula thing they all went somewhere else. The more china has disregard to rules, the china people will rebel. Back to the power of social media and china, they can no longer stop that story from coming out. Thats why youre seeing all these teenagers coming out. Theyre connected with friends around the world. They see just like the syrians did two years ago, three years ago that there is a free year out there and they want to be a part of it. Neil theres a lot they can shut down. As long as china was growing, the chinese were willing to accept some political, you know, pull back. But that changes if the economy stops growing and people dont feel that increase in their Living Standards. Thats where you can see a huge flare up. Neil there comes a point where you get all those Living Standards and you crave more. All right. We shall watch it closely. Not just ebola that we have to worry about, theres another virus already in the us a doctor says and it could be a catastrophe waiting to over 12,000 financial advisors. So, how are things . Good, good. Nearly 800 billion dollars in assets under care. Let me just put this away. How did edward jones get so big . Could you teach our kids that trick . By not acting that way. Ok, last quarter. Its how edward jones makes sense of investing. An Unprecedented Program arting busithat partners businesses with universities across the state. For better access to talent, cutting edge research, and state of the art facilities. And you pay no taxes for ten years. From biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo. Startupny has new businesses popping up across the state. See how startupny can help your business grow at startup. Ny. Gov neil and all this time i bet you were worried about ebola. The center for Disease Control said a respiratory is already hitting kids in the United States. Scott says were behind the conserve once again and there could be catastrophic risks because of of it. Explain, doctor. There are certainly risks associated with this. Theyve tested it now in 40 states and theyre only doing random testing. So you have to assume this is epidemic. Neil its a respirtory disease, but explain what it is. Its enterovirus, but for most people it shouldnt be worse than most colds. The problem kids with other respiratory illnesses they could have a worse time. Its pretty epidemic in the United States. Neil what about other people who are older and whose immune systems are comprised. Could they be hit . You would assume older individuals who have underlying respiratory conditions could also have it worse. Most of the severe infections were seeing where kids are getting hospitalized are in younger adults. It seems to be hitting children unusually hard. I think what parents want to do is get an earlier flu shot. In the event we do have an early flu season as well. Neil as a dad or any parent, what should i look for . Well again its probably going to be a bad cold in most kids. Its possible this coarsed through the general public in the past. It does seem to be a virus we havent seen in the us before in this kind of an outbreak its a virus thats only been recently identified. For most children it should just be a bad cold. The dangerous kids who have comprised respiratory systems. Neil is there a treatment for it a vax for it. Unfortunately no. Its just supportive care. Just by staying home and taking care of yourself, eating some chicken soup, you should get better. Neil is it me, doctor, or do we we get too scared of this. This seems to be worked into something that has affected 40 states. Thowrms happen . There is the element that we can now test for things that we previously couldnt. We know a lot about illnesses that are coursing through the population. Maybe theyve been happening all along. In this case it seems to be a veterinarian of a common respiratory illness that is unusual in the United States perhaps is more severe than the typical enterovirus that weve seen before in this country. Neil always appreciate your expertise. Thank you very, very much. Forget no drama obama. Is the new tech phrase now no show o next says that high security meetings were held on isis and for a lot of hello. You can go ahead and put your bag right here. Have a nice flight. Music plays music plays traveling can feel like one big mystery. Youre never quite sure what is coming your way. But when youve got an entire company who knows that the fewest cancellations and the most ontime flights are nothing if we cant get your things there, too. Its no wonder more People Choose delta than any other airline. Mr. Daniels. Mr. Daniels. Look at this. Whats this . Clicks are off the charts. Yeah. Yoshi, were back. Yes, sir more shipping more shipping [ beeping ] neil well, the president says he misjudged the isis threat, but did he actually ignore the isis threat or just became surprised by the isis threat. They were warned about the terror group last year. It doesnt help that were hearing that the president missed half of his briefings. The white house is quibbling. Nevertheless Richard Perle said the president s passiveness is becoming dangerous. You know, secretary that is what is being called into question that he clearly didnt seem interested in what was coming out of these meetings. What do you make of that . I think the shaping of a Foreign Security policy doesnt depend on one meeting or another meeting. It flows from a aview of the world and a comprehension and where the dangers lie and the development of strategies to deal with them. Thats where the Obama Administration has been woefully deficient. Neil the president has always been of the view that he inherited a war that he didnt support and he was viscerally against doing anything that would engage us. That position of some changed. Do you think anything that cropped up in the interim that might have forced him to change his posture was something he just sublimbly and formally and forcefully rejected. Clearly the rebellion began in syria. The president was faced with a choice. He could either stand aside or he could try to influence the outcome of that conflict between the assad regime and its opponents. He chose to stand aside. He chose passivity. The result, of course, is that others who didnt stand aside got deeply involved, supported radical islamists in syria and thats the origin of isis. You cannot simply by standing aside expect things to develop in a favorable way. Neil you know, secretary, i think it was Vice President cheney who was the most outspoken critics particularly in regard to isil or isis. Youre a fine one, mr. President to be judging or criticizing anyone on how you act in a war or conduct a war. So their view was had it not been for you and president bush, we wouldnt even be in this pickle and our actions wouldnt even matter. You started it. I think you cant conjecture about history. Neil thats what they did. Of course, its an excuse. One of the things that is at work here is a battle between two branches of the islam between sunni and shia. That was before iraq. It was before bush and cheney and it will be there for a long time achievement you just raised my point, whether involved or not in troops or not, its always going to be a mess over there. So what do we do . Well, its a very messy situation. For sure its a to the best of your ability area. Its prone to violence. What we need to do is . what we can effectively to mitigate the consequences for us. And that means, if you see the gathering momentum of a radical Islamist Movement emerging in the syrian context, you try to develop a side thats with you. You work with people who you can have some influence over. But standing aside, doing nothing, is never going to be an optimum strategy. Youre leaving everything in the hands of others including, of course, people who are hostile to our interests achievement when the president was said he was caught off gathered. . he then posited to say it was really my intelligence guys who had missed this as well. In other words, to throw it at them that they had screwed up. Now, the president and his press secretary, that was not his intention, but that was the appearance and thats how it was received. Yoyou felt like he threw them under the bus. Do you think he did . He was looking for an excuse. He was looking to blame someone else for that failure. The failure goes back a long way. More than three years. Its you want to president to see the world as it is, not to depend on an intelligence report. And it was clear three years ago and many people commented at the time, i did among others, that if we didnt choose a side in syria, others were going to choose sides. And those best positioned to do it, the extremists in qatar and saudi arabia and elsewhere were bound to choose people who would be catastrophic for us. Kneale do you agree with rand paul that had we taken that approach to intercede with syria, we would have actually embonltd what became isis. So isis is ruling syria now so be kairvel. The time to get involved was at the outset when we could shape the organization of an opposition to neil before it formed into isis . yes, of course. And we didnt. And there was a debate before b whether we should. And this president who has been passive throughout his time in office chose to do nothing. But others dont allow you that luxury. Others got involved. And the ones who got involved armed the wrong people. Neil i want to get a reaction from our panel to what he said caught off guard. What do you think. I think its all hindsight now. Unfortunately we have a 17. 7 trillion debt and we wont have the funds to do it. Neil what do you think. To that specific question, if its the most important than the other threats were spending money on, virginia class submarines, we need less of those. If theyre such a big threat. As far as obama, did he ignore the threat or he looked in the past and said the last time we listened to these threats, we got into a mess. Im going to willfully ignored them because i dont believe them. Maybe its not. Maybe it is. 2 billion now 10 billion later. What is the Economic Impact of an unstable middle east. Back to the 60 minutes interview he knew about syria. Hillary clinton said we should be involved with syria. He had multiple advisors one of them which was on 60 minu

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