Transcripts For FBC Cavuto Coast To Coast 20160602 : vimarsa

FBC Cavuto Coast To Coast June 2, 2016

We have Melissa Francis and ron christie lined up to talk about it. Think anything sticks here that theyre going after trump on . Its not just Hillary Clinton anymore. The president s getting involved. Good afternoon, connell. No, i dont think so. I think Donald Trumps candidacy, if theres one thing weve seen, its everything his opponents have thrown at him, nothing seems to stick. Connell right. And the thing i find ironic is shes going after him about his credibility when, as you know, hes not afraid to pull his own punches, she better be on the lookout for him to return the fire. Connell well, joe, youre the democratic strategist, and i think ron is right that a lot of these attacks have been stock. Now, its different, its a general election campaign, but is Hillary Clinton ready for the, quoteunquote, counterpuncher as mr. Trump calls himself. Sure, absolutely. Hes tried a couple of things, now i think hes regurgitating the lying tagline that he used for ted. Apparently, anyone who talks about donald trump is a liar connell well, she has issues with the honest and trustworthy stuff as we know. The polls all show that. There may be that there, and we could talk about that some more, but the truth is this is all calculated. None of this stuff is going to stick to him. It doesnt need to stick to him today, in june. Whats going to be great is when donald trump gets to the point where he starts spouting off, and well remind voters in october before they make their decisions what this guy stands for. Connell i thought it was interesting, melissa, was the president getting directly involved in all this . Trumps like, all right, i guess i can go after you too. Add another one to his list. Thatll be next, trump versus obama. Without question. He loves targets. But i think this election really is about two sides who think the oh sides foreign oil the other sides Foreign Policy is completely dangerous. The clinton team as well as obamas think Donald Trumps approach would be incredibly dangerous because its the opposite of their own. At the same time, people that support donald trump think the Clinton Obama approach is very dangerous. Look at libya. That brought in isis. You look at whats going on in the middle east, look at the deterioration of syria. You look at the way the president has stepped back from the world stage especially in paris and france and europe in the wake of these terrorist attacks. So the donald trump side also thinks the Clinton Obama side is incredibly dangerous. Connell it does make you think, joe and ron, melissas right. Dangerous is kind of the word of the day. I think well hear it over and over from what were told in this speech this afternoon, but the other side thinking same thing. Undecided voters exist many this election too, but you wonder how somebody could be deciding between the two when one says ones crazy and the other one thinks the others crazy. Melissas points are very strong here. Donald trump is going to say this is going to be the third term of the obama administration. Secretary of state clinton, on her watch, the worlds gotten a lot more dangerous, its gotten a lot more unstable. Is that what you want . Youre absolutely right, were going to hear dangerous, risky. Both campaigns are going to use the same terminology to try to paint their opposition in a bad light. But the question remains what do independents think . Connell right. What do you say, joe . Well, i actually think all these points are very valid, and i agree with a lot of this where were talking about, you know, what does the world look like eight years ago versus today. But the thing is this, i actually dont think Foreign Policys going to be a big driver in this election. Its going to come down to domestic leadership and trust. And every candidate fights over this trust issue. And all were doing here is muddying the water on the Foreign Policy front. We sort of discredit donald trump on that side, they want to go after us, and it becomes a domestic fight connell trust, though i dont think [inaudible conversations] connell go ahead, melissa. Trust is an issue for Hillary Clinton. I dont think it has anything to do with trust because nobody trusts any politician but youre going to have to pick one eventually. The American Public thinks every politician is a liar. They do care about their pocketbook connell so itll come back to the economy. Absolutely. And who do you trust to guide the economy. Again, its the same kind of thing. The people who support trump think the Clinton Obama team has done a terrible job, and the people who trust president obama and support Hillary Clinton think donald trump, you know, is going to bankrupt the nation the way he bankrupted his casinos. Connell the president really went after trump yesterday. Were going to talk about that in a second and also bring blake burman in on this. A quick piece of breaking news, the death of prince. We have just learned from Law Enforcement officials through the Associated Press about the death of prince, turns out tests are now showing it was an opiate overdose. So it was an overdose that killed prince. It is being confirmed by Law Enforcement officials who have talked to the Associated Press about that. It just crossed on the Associated Press wire there a few minutes ago. Now, i made a reference to president obama. He did make a point yesterday in that speech be of defending some of his Big Government policies, but he also took a shot at, took a shot at fox. Watch this. Their basic story is americas working class, americas middle class, families like yours have been victimized by a big, bloated federal government run by a bunch of leftwing elitists like me. Thats the story thats been told. And i havent, you know, turned on fox news or listened to conservative talk radio yet today, but i turned them on enough over these past seven and a half years to know im not exaggerating in terms of their story. Connell i doubt he turned on fox news now either, blake burman, because the president is getting set to speak out in colorado at the air force academy. That said, we have add blake to look into some of the president s economic policies and comments. What have you found . Reporter hey there, connell. We took a look at the numbers, and there are certainly two different sides to this economic coin. On the one hand, the president and his administration, they can certainly and they do tout 14. 6 million new jobs created during the obama years including 74 straight months of private sector job growth and a sharplyfalling Unemployment Rate to a 3 . Its been 5 . Its been dropping ever since he got into office. However, a deeper dive shows the current struggle for millions all across the country. For example, when the president took office in 2009, the median Family Income was a little more than 57,000 as you see there and sevenplus years later it is roughly the same. So you factor in inflation, and that is moving in the wrong direction. Taking a look at the Labor Force Participation rate, its the lowest it has been in decades and has been on a steady decline during the Obama Presidency. Many economists contend that has been a big part in the decreasing Unemployment Rate that is now down to 5 . The president also claimed that he wasnt a, quote, bigspending democrat. This was part of his argument yesterday. Now, critics would argue comparing spending to the last year of the Bush Administration when the government was addressing the 2007 financial crisis is an artificiallyhigh comparison. However, spending hasnt been brought down at all to precrisis levels since, and when you look at federal outlays this year, theyre expected to hit about 4 trillion. That is roughly a trillion more than president obamas first year in office. So, yes, the administration puts forward one side of the story talking about job growth month after month, the Unemployment Rate falling, but you look into it, and you can certainly make an argument on the oh side. Connell and youve given us that other side. Thank you, blake. The other thing we would add to this, the president yesterday pushing more taxes on the rich to expand Social Security, insolvent by the year 2035. So as we go back to our famous panel here, melissa, joe and ron who are still with us, ill go to you, melissa, on this first. Expand Social Security . I thought we were supposed to get this in line. Not only that, its his own Federal Reserve that says this has been the worst recovery in history on record. I mean, thats quantitative. Thats data. Thats not an opinion. Theyre looking at the actual recovery in the terms of growth of the economy, and this has been the slowest, the worst, the most abysmal ever. Thats the Federal Reserve, not fox news. Connell dont you think its fair, joe [laughter] no. Connell why not . Compared to what . Why is that funny . Compared to every other recovery in history. Whoa, whoa, prior to to the Great Recession [inaudible] prior to the Great Recession we hadnt seen anything like that since the great depression. So i dont know where this condition right. And this is worse than that. This was worse ask the Federal Reserve. Check your math. Were losing jobs. Go get some data. Stop talking, do some actual work. Look at the data from the Federal Reserve. It makes me so mad when people get out here and try to push these points because youre just not bothering would you let me talk for five seconds . Connell go ahead now, joe. In 2008 your house was probably underwater, you were at threat of losing your job, and your 401 k had been decimated. And its amazing the economy bounced back from that. Now you can find a job, unemployment is parttime at mcdonalds. We have rising incomes e dont have rising incomes. They just the stock market is doing better than it was. Did you watch any of the graphics are you going to let me talk . Connell well, the stock market you dont have math thank you. Up employment is down. Blake burman [inaudible conversations] connell the point, joe, i want to get ron involved in this too. Ron, you can make a point, and well go back to joe on it. [laughter] i think the point melissas making is the pace. But the pace is relative. Connell you should come back, in some peoples estimates you should come back just as fast if not faster because you fallen so i just look at gdp growth. Its very straightforward. Connell ron, whats your thought on this . I dont know if youre going to break a tie or not. [laughter] im going to try. I dont know why joes laughing its not funny. 95 Million People who are out of work right now who want a job. Unemployment might be at 5 , but we know thats a joke. Youre talking about parttime jobs, not fulltime employment. This economy is bad. Melissas exactly right. You need to do the facts, joe. The fact of the matter is its not fox news, its not me, its the Federal Reserve who says this is the weakest recovery weve seen on record. Real americans are really struggling and obama to go out and take a victory lap for 5 and saying how great things are really shows how out of touch this administration is connell to be fair, joe, its okay, right . If you want to say weve come back, yes, better than it was, because it was awful. Thats a different argument than to say its the best and things are back on track. If that was the argument, you might give it to him. There are some fair points here as you were chuckling through it. No, no, im laughing at some of these statistics because when we talk about Work Force Participation rates, the problem is four years ago when the economy was in recovery, and lets go back eight years, people couldnt retire. Now the baby boomer generation is at retirement age. They couldnt retire then. The reason why Work Force Participation is dropping is because one of the largest generations in this country is safely retiring now. And when they do that, they thats a small fraction of what were talking about here. Theyre the largest, next to millennials, theyre the largest work force in this country. There are more people that would like to retire but cant because they dont have any savings because it was decimated in 8. They would like to retire, but they cant. Connell if the recovery was stronger then they could retire. The recovery strength is relative to what weve seen in the past. Its less than. No recovery [inaudible conversations] were not creating another bubble because every time we had recoveries that were fast, we created bubbles, and then they popped. Look at the housing bubble a lot of people think theres a bubble in equities right now. Connell a lot of people think there are bubbles in part of housing again. There you go. Connell well wrap it up on that point. You do not want to grow too quickly in joes point that you create bubbles. Absolutely. A lot of people think weve created bubbles in equities to try and get the economy back on track. Connell no, thats true, and that kind of shoots down the point about the stock market being at 17, almost 18,000. Thanks to all three of you, melissa, ron and joe. Thank you. Connell live coverage, by the way, when all of this is going to be voted on. The california president ial primary and all the other primaries going on this coming tuesday evening. Cavuto coast to coast starts at 9 p. M. Eastern time. Trish regan will be taking you through it, the coverage overall begins at 7 p. M. Eastern. Now, speaking of stocks and where theyre going today, dropping a little bit. Some news on oil about producers not moving much. At least not yet. What it means for you, especially when it comes to prices at the pump. Well check in with phil flynn and jeff flock in just a moment. Connell as we come back here on cavuto coast to coast, there it is at 49. 15. I always like to go to chicago and talk to jeff flock, but i feel even more comfortable to go to chicago and talk to both jeff flock and phil flynn, the dynamic duo of the commodities world. There they are. A lot going on today, right, gentlemen . Because hes the brains of the operation, im just talking here. But you got a headline out of to opec meet, right . Yeah. I mean, the headline was no action, but thats not the real headline. The real story is that theyre going to monitor the market and maybe agree to meet again, and thats a lot closer to a deal than anybody thought going into this opec meeting. Everybody said this was going to be a snoozer. Turned out not to be. They almost had a deal done at this meeting, and theyre probably talking about a deal so we were down 80 cents after the news came out, werent doing anything, we now recovered and were now positive. We have, you know, for a couple of reasons. Number one, people believe maybe they can get a deal done in the future. We also saw the Oil Inventories today, and we saw u. S. Oil production fall yet again. I think weve fallen 18 weeks in a row on u. S. Oil output, and thats a sign that u. S. Production we were talking to the president of ford yesterday, joe henricks, who said, yes, oil and Gas Exploration contracts have cut into their it is. The first thing people want to buy when prices are up, a new red truck. I talk to them all the time. But ill tell you this, when we hear about whats happening in the energy industry, theres more contraction, more pain. Were saying rig counts continue to fall, Investments Continue to fall gas prices. Gas prices are going up. But its not all bad news. Some of it is because of strong demand. Were having record demand here in the United States. People are feeling better about the economy, and they usually reflect that by driving more. So the economys not as bad as some people make it out to be. A lot of times we hear guys on our air saying, oh, the economys not recovering fast enough. Its actually, demand finish. If you look at it based on gasoline demand, weve got a roaring economy. Some areas are doing better, but were still not back to where we were. Okay. There you go. Told you, hes the brains. Connell the dynamic duo. Youre the setup guy, playbyplay and yeah. Im martin and hes lewis. [laughter] connell Something Like that. The price is up a little, and gas prices, according to phil, are going up from here. Now, Hillary Clinton has been hauling in the cash. We looked at some numbers that came in last month, but what are donors saying about her email troubles . Charlie gasparino is on it. And hes coming up after a quick break. What super poligrip does for me is it keeps the food out. Before those little pieces would get in between my dentures and my gum and it was uncomfortable. Just a few dabs is clinically proven to seal out more food particles. Super poligrip is part of my life now. charge music you wouldnt hire an organist without hearing them first. Charge so why would you invest without checking brokercheck . Check your broker with brokercheck. Connell all right. Lets talk money and politics. Thats what we do. Now, if donors are worried about the clinton email scandal, they kind of are a funny way of showing it of have a funny way of showing it. The Clinton Campaign brought in 40 plus million last month, and it already had that much on hand as well. We also have reports that bryan pagliano, the i. T. Staffer that set up the home server for the emails, hes pleading th

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