Transcripts For FBC Cavuto Coast To Coast 20160518 : vimarsa

FBC Cavuto Coast To Coast May 18, 2016

Has set all the financial rates that they are in fact going to go up. It has been a rather diverse performance among other financials. They make money both ways on the loans they have on the books and what they make on the money that they have invested in a close in securities and not spread good that its all good news to them. And then there is this notion how i miss them higher rent the Federal Reserve is hiking rates, what that says about the economy. Usually a good day. Things are picking up steam. Having said that, it is tough for a candidate to take higher Interest Rates trying to land themselves in the white house. We will see how that goes. Were also following very closely what seems to be business groups, normally very friendly to republicans or low to donald trump did not across the board. An interesting survey to elaborate on a little bit later a two to one margin various business introduces the agents representing 3. 5 trillion in sales, overwhelmingly prefer Hillary Clinton to donald trump. Not so much because they think Hillary Clinton is all that, but they came donald trump could be problematic. Hard to say. Hes erratic and they would rather go with what they know. That is a survey based on findings that do not trade associations, the groups that lobby for interest on capitol hill. Doesnt mean its possible. M. I. T. Professor tells you a little bit about the fears of donald trump. I want to get into the bigger issues on what is coming down the economic type. What do you make of these concerns about donald trump . Concerns being expressed by business groups and others are very wellfounded. Mr. Trumps recent statements on the debt and monetizing the debt on the Federal Reserve and now on financial regulation, that there was not going to stabilizing statements. Neil i read a little bit of days do a lot of business guys had no idea what donald trump stands for. Maybe spell that out. We have indications today is assembling the first kind of an Economic Team. Breaking news im not coming out. Besides their tariffs on chinese goods and that he could actually lead to some trade issues and big global business, you know, short disruptions. What you think . At the very good point. Not many people picked up a notch. His latest statements with regard to china i think means that hes lied to cut off all imports from china and that cuts both ways. Thats the beginning of a big serious trade war. That will be extremely disruptive to the private sector and employment and experts in everything else. Neil but if they are wrong . The worst fears unrealized, maybe im showing my age regular member of the dows and concerns about ronald reagan, that he was simplistic and he cut taxes a lot and would ignite jobs. People were worried about that. Im not trying to bite and donald trump. We can only judge mr. Trump by the statement that seems also entirely fair. The statement he has been making since he became the presumptive nominee are frankly incredible. I think completely unlike what mr. Reagan or anyone else at this stage in the election cycle. Where are they getting these ideas . Why isnt as filtered through the usual mechanisms for people say it doesnt work that way, youve got to be more careful with regard to potential trade war. We dont see any of that. We can only judge what we see and what we hear. What weve heard so far is quite disconcerting. Neil target is concerned that things will slow down. They are doing very poorly. Normally not out of time it is something more ominous server is down. Slowdown in the economy. You see a recession coming. Could you spell that out . Im worried about recession and im where the economy is quite fragile quite honestly is indicated by the retail performance just mentioned. Anytime you have a fragile situation, competence is obviously the key. If we get into a situation where one candidate from the Republican Party is making destabilizing statements about the debt, money and what will happen to finance, that is not helpful and not by itself headway on confidence and slow down the economy slipped into recession this neil simon johnson, thank you connoisseur. Appreciate it. Obviously, donald trump shoring up the confidence to do. He will be meeting with Henry Kissinger within the hour to shore up his Foreign Policy credentials. But he also named the surveys i told you about a month a professor is talking about a really sure economic daughters who are convinced it will relate their concerns. The first signs now according to charlie gasparino, that mr. Trump is already indicating who key people are. Rate. This might be one way in the market because we do know on thursday, sources have confirmed that there is a meeting between Jeff Sessions the senator as you know, key adviser to donald trump was supplyside economists as you know theyve been longtime supplyside economists out there pushing for lower taxes, less regulation. They are not pushing for a trade war with china. Win on thursday they will meet with them. Here are some caveats we should point out the first of all trump is that a rocky relationship with these two conservative economists over his tax plan in the past. I think they personally like each other. When they came out and pointed out some deficiencies in his tax plan that it might cost more. The budget deficit needs to close the loopholes. We should point out the Trump Campaign quickly shut down their suggestions. What we see now the midsum of donalds economic way of, some of the statements on taxes, hes been doing them flipflops on that, especially where the rate higher. We see every child going to meet with Jeff Sessions on thursday. They still consider themselves unofficial economic advisers to donald trump. Like we reported yesterday, you know, he is in the middle of a much more formal Campaign Finance team and Economic Team. Well see more details in the future. If larry kudlow and steve moore or on that team, that goes a long way into people worrying about whether donald trump is progrowth or integra. Neil no doubt about that. Taking nothing away from either governments considerable regard and economic heart. Doesnt he need a big bank ceo, or for that matter, just a financial powerhouse player, paul volcker type if that really means anything to further up. Theres no doubt. This is just the beginning. These guys are really smart. They are economists. What you need is remember barack obama came on the scene in 2008. Would suit the fears and the Business Community was he put together kind of an Economic Team and paul volcker and Larry Finkel Neil warren buffett. Remember that . They all said guess what, mr. Obama is not a radical. He did not adhere to bill ayers and things like that and they sued the markets. A lot of people voted because of that. Donald means the same thing. Your glass gas is fascinating. If the Business Community is fearful of the republican. My one quibble with what he said is that getting rid of doddfrank is something the Business Community would not want. Just the opposite. The survey wasnt universally shared among donald trump. What is interesting as there is a higher road and a higher mark, piracy will they can to lead bill clinton did with the first budget deal. Eisenhower republicans modify the bond market. Trump needs to do Something Like that well before. What your dataset in the the last segment was fascinating. He has not made it easy on himself. I am telling you that donald trump, if he really wants the Business Community to say this guy has some coherent plans as he has to come out with a coherent plan. He has to stop flipflopping. One way is to meet with guys like steve moore and larry kudlow were pretty smart. I will say this. Theyve ignored the advice in the past and that is where this thing get stacy. You know, we were talking yesterday about going down 20 of donald trump added that day. It is not out of the ordinary if you have a guy preaching protectionism all over the place on taxes and saying some crazy stuff about that for the markets to go down. Your last guest to back that up. Neil again on the survey, a broad swath of the Business Community. We will see. Thank you, my friend. As always, charlie gasparino. Donald trump is not trying to shore things up, but the Foreign Policy credentials together. Who better to check with dan Henry Kissinger . Connell mcshane in midtown manhattan were against donald trump is coming to him. Reporter well, we think so, neil. We are not quite sure. The Trump Campaign has been so tightlipped about it. Here at the Kissinger Office at the meeting does take place we expected to have been early afternoon on park avenue not very far from donald trump headquarters on fifth avenue in new york. Once it does take place at the followup and when it comes to economic policy, the meeting is seen as donald trump reaching out to gops establishment when it comes to Foreign Policy as opposed to economic policy. I was into an adviser and they told me the goal of that is twofold. The first goal is quite obvious. Meet with someone like Henry Kissinger and gather as much information as possible and learn from someone with the experience of a Henry Kissinger. The second goal is interesting. The Event Details may donald trump wants to send a message today. The message is he is a realist. That is the word thats used in a realist when it comes to Foreign Policy. Hes been unfairly painted in some way district to be an isolationist, but the America First policy put forward. They say hes a realist im a pragmatist. If a negotiator on all of this. Kissinger is an interesting person to meet with because its already on the record and havent spoken about trump, he did so on this program when you had him on in december. At the time he wasnt a fan of trumps plan to cause a temporary ban on muslims in the United States. Watch this. I would be i do not favor any inclusion on the basis of religion. Neil would you worry if he was the nominee . I have not endorsed him neil i guess that im asking, if he were the republican nominee. If you were the republican nominee, i would urge him not to make such a blanket inclusion and i would be more comfortable as the nominee. That was then. This is now. We are told to spoken for a few times and today presumably the next few hours they will be in person. Neil thank you very much. We are getting some news now speaking of campaign that hackers have targeted all the president ial campaigns. We dont know the degree of each. This is coming for the National Intelligence or james clapper. We are aware that campaign related organizations targeted by actors with a variety of motivations but the differences to espionage. We dont do what they tried to seize that moment the way hackers work with this stuff is they get their hands on that stuff and then release it in the media. Either email exchanges with the Trump Campaign, Clinton Campaign to embarrass them or put it out there or embarrass them all. But theyve gotten into these campaigns and theyve gotten into their books. Wonderful things to say about each other into each other. Dont hold your breath. You know, everyone has been focusing on how raucous has been with republicans. The divided convention, they all dropped out of donald trump was glassman ending. Now lo and behold the democrats. Bernie sanders is not quitting. His supporters are budging and Hillary Clinton and her fans are worrying. This. V amazing sleep stays with you all day and all night. Sleep number beds with Sleepiq Technology give you the knowledge to adjust for the best sleep ever. Its the semiannual sale save 500 on the memorial day special Edition Mattress with Sleepiq Technology. Know better sleep. Only at a sleep number store. Welcome back injury willis with breaking news on the irs. Moments ago she and she says, chairman of the House Oversight committee introduced john cox denies resignation or removal and requires the forfeiture of his pension. This is john costigan, head of the irs, the commissioner so deeply involved over targeting of conservatives that the debate were not for two years. The latest headlines still coming out im not. What jason tran 11,000 told me just moments ago was that this is a precursor to impeachment. The resolution would have to be passed by the house and the senate to go over and tran 11 tran alive and said hes been unsuccessful in this. Simply many disapprove of. What they say in this document is that someone failed to comply with subpoenas but the destruction of evidence weve got to testify truthfully under oath. Lots of questions about john koskinen. His resignation being called for at this time as a censure. That is what Jason Chaffetz is now speaking from both houses of congress. We will continue to follow this story. Again, koskinens resignation or removal following the forfeiture of his pension. That is ahead right now. Neil thank you very much. The republican race is essentially over. The democrats in two states, kentucky and oregon split. Vernon sanders winning oregon. Here is what makes it tough for Bernie Sanders. Even though he went slightly more delicate than she did last night, the fact of the matter is shes about 92 delegates shy of wrapping this thing out. And therein lies the rub because a lot of Bernie Sanders supporters are saying our guy has so gotten 8 million votes. He has won 20 states. Hes on a roll and right now hes getting the finger from the establishment. So the real party unity trouble going to be at the Democratic Convention and not a soundbite earlier on, republican convention. Gabby, ill begin with you. How big of a deal is this going to be, especially coming after what turned out to be a pretty violent dustup at the about a convention and a lot of Bernie Sanders supporters. Bernie sanders has a significant delegate deficit going into the convention. It is really difficult to see a viable path forward for him for the nomination. As long as this continues to take place like it did as you mentioned this past weekend in nevada, there is so much tension going on on the democratic side that pays the party in a negative way. I mean, you have the chairman of the Democratic National committee right now are doing bathtub or it was Bernie Sanders over his behavior at the convention in nevada. At the same time, you have Bernie Sanders who just Bernie Sanders who just want oregons primary going after Hillary Clinton, the presumptive nominee for the past three months now continuing to hit on wall street and continuing to provide materials to donald trump for him to use between now and november. So this tight battle between Hillary Clinton and Bernie Sanders in terms of rhetoric and the issues they thrash out on the campaign trail is not good for democrats. Neil you have to look at that, what hes saying and realize whatever momentum they saw sanders would lose, he continues to gain, especially with a big lead in oregon last night. Hes going to pilot more donations. Hes obviously going right to the convention, plan of philadelphia. In a very slim victory margin for clinton to, is passed as we are looking at a party that is fractured. Sanders chose as important weakness is that clinton has as a candidate and the weaknesses will follow her into the general election. She will likely be the democratic may, but unfortunately on the democratic side, they have a republican ever had, a oneonone race and not make it difficult to see how many sanders supporters are truly behind an agenda when it comes to health care, education, the economy and how many people are protest voting clinton because she has high personal unfavorable and shes viewed as a washington insider, which is where i believe trumble hit her the hardest because of course like sanders, trump has painted himself very successfully as an outsider. Neil hes got his own baggage. Ladies, thank you very much. You probably heard was going on facebook. Mark zuckerburg meeting with top conservatives around the country. What a waste of time. Im definitely able to see savings through using the car buying on usaa. I mean, amazing savings. I was like, wow. If i can save this much, then i could actually maybe upgrade a little bit. announcer save on your next car with usaa car buying service, powered by truecar. Whether it is in government are college campuses. Facebook ceo and president will stand up for the right of conservatives to have a voice. I think the bright part is they said their regrets. You know, nine or 10 others. A host of others. They are going. What do you make of this position . A way for time. Not alone in this. Sean davis on the federal. Also criticized. Having a conversation. I think that zuckerberg is playing us out here. It is a step. I think that it needs to be the first step, though. Facebook is to be more active with conservatives. Not only in washington, but across the country. From our readers that are fr

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