Transcripts For FBC Cavuto Coast To Coast 20160818 : vimarsa

FBC Cavuto Coast To Coast August 18, 2016

Via paris, louisiana dealing with the biggest disaster since hurricanes and he peered over 30,000 people arrested since the flooding began last friday. Homeland security chief jeh johnson to assess the damage of 70,000 people have signed up for federal assistance from the map. Thousands are without power. 100 plus degree heat and the American Red Cross say costs could top 30 million. The groups president and ceo here on the progress. Thank you for joining us. Another horrific disaster. Give us an assessment of where you are and what it looks like on the ground. Well, the devastation here is incredible as you pointed out. It is our largest disaster risk bonds since superstore and standing. As far as the eye can see, the show so much devastation and flooding. You can see where the watermark and then in so many people have lost their home. In fact, at the peak of all of this, we had 10,000 People Living in our shelters and we have over 1000 volunteers and workers on the ground here that are helping out. You can see behind me as bringing more and more volunteers in to help the people of louisiana. Really a large operation. Even last that we still had 8000 people in our shelter and we are providing food, comfort, lots of hugs, Mental Health Council Volunteers that are in our shelters helping people deal with their loss. It is a massive operation and we are going to be here for the weeks and months ahead. Charles when you talk about the thousand volunteers, they come from all 50 states come a testament to stepping up. In this particular case, this area makes it a lot worse. A lot of these folks completely flatfooted. Where do they go from here . Youre absolutely right. I visited two of our shelters yesterday. Imagine you are living in our home one day and the next day you are sleeping on a right cross shelter. These are areas that dont normally get hit this way. Your observation about volunteers is absolutely right. Our volunteers pack up their things. They leave their families. They stay here for weeks. They are sleeping and staff shelters on cots writeback to each other. It is very trying. These are true humanitarian fantasy are true humanitarians and they see immediate benefits across the country and they want to pitch in and how good i will also say that the folks in louisiana are so touched by all of this that weve had an outpouring of spontaneous volunteers that just want to help their neighbors, which has been great. Charles gail mcgovern, the low countries that do. We appreciate the work youre doing. We will check back in frequently. Thank you. Charles, if you dont mind, we could really use some financial assistance. Charles im going to read up right now. I will tell everybody how to get that money to you guys. Or do you million is not enough. You are looking on the folks. The red cross accepting donations. You can call 1800 red cross or donate through their website, www. Red cross. Org. 30 million to me sounds very low. Thousands rescued from this historic flight. Steve is a louisiana landscaper using a military style landscaping truck to help rescue people in the storm. Steve joins us now. First and foremost, thank you very much. He stepped up to the plate. You had a great idea. Explain the devastation and desperation viewers eating. Desperation is unbelievable here. Lots and lots of our customers, community members, just fellow people with almost unbelievable to see the sadness and the tears that the extent people with the help of our Police Department and firefighters and city council. Charles what we all remember katrina and we remember the waters you start to go into the psalms and other places. Just when you think it is a worse disaster youve ever seen and gets a lot worse, are you helpg at all with at sort of thing as the water starts to recede a little bit . Yeah, we are. We are trying to land our crews to the native people and we are tearing our carpets and drywall, insulation. I insulation. Our restaurant is providing food to all the rescue workers and the needed people in the shelters. Charles before i let you go, we just mentioned the red cross on how to get aid there. If theres anything people need to know how to get help, is there any message you want to get to the American Public . Please donate, please pray and our strong towns will rebuild. It will be changed, but we will be stronger and better for it. Charles steve scarsella come youve done in her relic thing. We salute you and good luck and god bless. Thank you. Thank you, charles. Train to raising wildfires at 80,000 residents in San Bernardino county have been evacuated. The fires only 4 contained. Adam housley and little creek, california with the latest. The official numbers are 4 contained. A lot of firefighters will tell you they have a better handle on 4 because the fire burned on itself last night and also there is some freeways and roadways that became natural roadblocks for the fire. This is what blew through here yesterday. It just took out homes. People have no chance in some cases. This one collapsed on the dolphin burned out. Behind it you notice the desert scape that now remains. Up on the hill, one home that was saved. These areas off the 15 freeway which is now open on the way to vegas but not on the back from vegas because they are fixing the guard rails when the fire moved through there. A lot of damage here. The commerce is starting to pick up in the sand to freeway is open to good vegas but theres still a lot to some eyes and a lot of people not able to get across the path to get into the l. A. Basin. They do hope to open it today as soon as the guard rails are repaired. Charles adam housley, thank you very much. Thank you very much. The markets, bombers surging after reporting it growth. More shoppers head to the store at a time when others are struggling. Many are questioning the health of the economy and the American Consumer to former reagan economic adviser art laffer. One thing standing out today with corporate earnings, the Federal Reserve in todays Philadelphia Fed, a lot of anticipation as a huge surge in our economy in the second half. Im not sure what ever sure what ever one is based in the sun, the sun, but do you think that as well . No, i dont. No major change in policies whatsoever and why would the economy surge if theres no change in the environment in which its operating. They just wont. What you really see on the market is that as a anticipate an election and a change in policies Going Forward, maybe starting may 2017 on. If things go well i can imagine the market going extremely well. I dont see why the economy would do much better than it has been doing given no change in policies. Charles what about the notion wages are beginning to inch up a little bit. People getting more confident that the Great Recession is over nospace. Keep it. Two thirds of the economy stepping up to the plate. Charles has been over for seven years now. The single worst recovery on u. S. History and the reason is because weve raised taxes. Weve had terrible Monetary Policy and weve done all sorts of regulations that have restricted the economy and kept it the way it should have. Is just a tragedy that all these people at not gotten jobs, but thats the truth. When you look at it, i dont see any indicators that tell me anything is doing better than stumbling along a growing population growth. Charles how do you reconcile the notion that whilst it is comfortable with Hillary Clinton who is going to double down on the statutes, high taxes even more, add more regulation and really going to push with the idea of redistribution of wealth. Why does the same that wall street is comfortable with this . I dont think wall street is comfortable with it. Whatever they say they can say. The ceos get a lot of News Coverage when they go and say stuff like this. Bottom line i think if hillary is elected first time, the stock record will perform about words than a chump or a lack of input and progrowth policies. That is wall street to me and i dont think the stock market will do better under hillary than it would do under donald trump. It will do a heckuva lot better under donald trump. Charles lets go the other way with the conversation. If it wasnt for the slight uptick in some Consumer Spending and maybe wages, you could easily argue wed be in a recession. Businesses are an investment recession. Youre not going to fork out any money on the regulatory backdrop you describe. How would it be a Hillary Clinton presidency would bring on a serious recession not the filling status quo of lower wages, the something worse. The problem with this serious recession under Hillary Clintons presidency is weve earned that thats way, way down. We are flat on our backs as an economy. How can you fall further when youre flat on your back. The policy is unless it super extreme like in venezuela are sent in. If it doesnt change, allah will do is stay here and never grow again. That is the real threat to the u. S. Economy with no growth over the next eight years or four years. That would be the Great Recession all over again. We have never recovered from the Great Recession. We have just bobbled along literally at the growth in population. Nothing more than that. When you talk about real gdp growth, you are talking about nocaps enough whatsoever. If we had the reagan recovery, we would have 12. 4 million more jobs today than we have if we had the reagan recovery we would have four plus trillion worth of real gdp. That is what we are missing each and every year. Employment is a perishable natural resource. Once youve lost a years worth of the guys labor it never comes back and their kids suffer and all this other stuff suffers. All these social issues you see are all in part a consequence of slow growth. It is so terrible the consequence is that people unhappy and depressed and all of these consequences. Weve got to get the economy growing rapidly and you cant do that with these policies. Charles i dont disagree. I think your new motto should be if you like your economic condition you can keep your economic condition. This is where i think trump should just go full speed on the economy. This is it. We tax cigarettes to get people to stop smoking. We tax eaters to get them to stop beating. Why on earth do we want to raise taxes on people of their earned income and people who employ other people. Charles youre going to make me break out my tangerine, buddy. Im with you too and im with you. Ive got to let you go. Thank you, charles. Great being with you. Charles the Justice Department and a Justice Department and in its use of private prisons. Correction core of america and those stocks are getting absolutely annihilated on the news. Nicole on the floor of the New York Stock Exchange. Nicole petallides. We saw the stocks plummeted. They halted and reopened. Those stocks down roughly 40 . These are private prisons. About 13 of them. The department of justice and the Inspector General now that theya report according to will no longer be using these. This is because they look into what goes on in the private prisons which house 12 of all inmates and in fact they saw a lot of assault on inmate in and make correction officer. There was also an investigative detailed report from mother jones published 35,000 page detailing what went on. But the assaults going on in the department of justicend the safety overall and the security in stencil work on shutting it down. It wont happen right away but they wont be renewing contact. Plummeting here about 40 in trading now im dairy heavy volume. Charles you know what, i am calling bs on the reason for it. President obama does not like the private sector involved in managing from Student Loans imprisoned. Thank you for the report. It was really insightful. We will talk to you again real soon. Trump shaken up his Leadership Team and making some republican want to shake him. We will tell you why next. Your Insurance Company wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Charles new details surrounding the lochte robbery claim. Brazilian authorities assess they are now say the robbery was fabricated by the act reason they were in a drunken fight at a gas station. Brazilian police are expected to speak at 2 00 p. M. Eastern time. Did the Trump Campaign in the shakeup at a shaken up some republicans. They are hoping for a tamer trunk. So far the new campaign sounding like the old one. The big question is the backlash over blog . Trump adviser Michael Caputo and charlie gasparino. They are calling a trump threepoint out. Finishing off what was done when they fired corydon bastille, bringing and kelley and cant like as his replacement and also steve bannon and ceo. This is an interesting combination that i dont think her publicans out there are really looking at it the right way. He may lead right guard and thats a pretty Interface Organization that is clearly the way he wants it. But he also runs a the accountability institute, which is a very high reputation that works all the time with incredible media organizations, exposing government corruption in both parties. This is a guy who shifts the paradigm for a living. Its going to be a very interesting thing to watch steve bannon is the shifts for the trump organization. I really respect mr. Caputo here. I should point out that i know steve bannon pretty well. Hes a good guy, someone i consider a friend. If you seriously think about when you are, i dont think you go to a guy that is still a very Good Business appealing to purely your base. That is what great art is. Its the base of donald trump. Bannon is a smart guy. He understands media. Ive spoken with him about these issues. He gets it. At this point in a campaign you have to broaden your appeal. This is such a nonchoice as far as im concerned. Not because bannon is a good. He is really good. That is not the appeal you should be going for. You should go more to a path of a style where you get independence which makes me think, charles, is not donald trump is that as a guide going to run and started the network for listening, it sounds conspiratorial. I speak with a lot of strategists, people like mr. Caputo. They agree with that sentiment. This is going to set them up are the future which is what hes doing. Charles i want to ask you about this because people believe Kellyanne Conway will do the things that charlie is talking about that he knows how to get to women. We saw this speech with law and order. Is that begin to the gang of bannon . I think so. I used to work with Kellyanne Conway. Ive known her for her to years. Everything is datadriven. Shes very bright. Shes going to be really good with donald trump making sure he stays on message. I really am not afraid. A lot of people out there are looking at 10 but i guess maybe jealousy and fear. A lot of folks in the Republican Party who would like to have the kind of success he has had being antiestablishment. These are the same people who have had the ideas. I would like to see that side of him. I like the guy. Hes a brilliant provocateur appeared to be a fascinating guy to talk to about this. You dont go back to your base. There is a theory here that donald trump that these guys want to compete against us. Charles real quick, charlie. Kellyanne conway is not a media strategist. Hes a pollster. Charles she knows how to reach women. She is a pollster, not a media sensation. Charles we have delivered there. In the meantime, jobs on the line is not timing a trade deal. Thats at a major ceo of ups is saying. He is pushing this really hard. He likes tpp and he wants us to like it too. He is next. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. Charles lets take a look at oil had in the price since july 7th hit a sixday rally going on. A big stretch. The longest stretch in 16 months and may be 50 was inside. Meanwhile, ups is going after congress. The ceo announced the members passed a trade deal. The ceo joins me now. David, we understand since both president ial candidates are campaigning against tpp, theres a sense of urgency. It is clear the American Public doesnt want it. What are they missing . You know, i dont believe its clear that the American Public doesnt want it by the way. There is a vocal group of people that do not want the agreement. But just a recent Pew Research Survey showed 450 of americans believe the trade agreement are positive. I believe theres a lot of people that do see the benefits going to create jobs. Its going to create opportunities. Its good for companies, employees and for our country. Charles david, i havent seen it and most people havent seen it, but they do believe that past deals such as nafta has cost us jobs. They were poorly crafted and the American Workers paid a heavy price for it. What do you say to people who believe that . First i would say not everyone believes that either. Comparing nafta to this agreement, you have to remember nafta was 20 years ago. This agree

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