[cheers and applause] thank you. Neil i point out that in the latter, that is Donald Trumps planned press be event, he kept everyone sort of dangling for a couple of hours before he made that short, simple, declarative sentence. But not before a whos who of military brass, medal of honor winners and the like dating back to the vietnam war, were singing his praises. Brilliantly orchestrated or a way to avoid an embarrassing comment . You decide. Right now we have former bush 43 spokesperson mercedes schlapp, democratic strategist jim kessler, and our own charlie gasparino. In a week he has been cleaning up that is, in the polls can be did this help or hurt donald trump . Help, i think. He controlled the news cycle. What donald trump is not good about is trying to keep some stuff contained in his head and not going off script. But in many ways when hes on script, he controls the news cycle. Think about what he said here. He had a bunch of military guys come out, they all said nice things about him neil did we know that i was kind of caught off guard with this planned event, did we know that all these military brass were going to be there . I didnt think so, i thought he was going to put the issue but instead he got all this planned. Neil well, her campaign in 2007 was doing some weird stuff, not her. Be that as it ray, its history. Jim kesslers a democratic separate9 gist here. He cant escape the fact, that is trump, that reporters are going to bring up in followup appearances and how aggressively he takes it on is anyones guess. What do you think of the way he handled remarks today versus Hillary Clinton . So, first of all, i think he had great stage craft on this, but i also feel, look, he was leading movement for eight years. You just cant say change your mind and its behind you. And, hook, he blamed Hillary Clinton and look, he blamed Hillary Clinton for this first. And be i was watching fox news beforehand, and they were saying that is a lie. And the reason why he blamed her first is, theres one reason hes a coward, he cannot take responsibilities for his actions. This Birther Movement is on him and him himself. And, look, the more people are talking about it, the more ridiculous he looks. Yeah, i think he had nice stage crafted that, but this is an embarrassing issue for him. Neil all right. Ill take it youre not a trump fan. [laughter] mercedes, its all about moving at the margin, i think. You guys are all the political experts here, so ill defer to you, but its all about moving a few people who might have thought that his raising this issue in the first place years ago was racist. Thats how the media presented it, i think thats a little extreme. Having said that, he dials it back. Isnt this part of an effort, maybe beginning with going to africanamerican churches and the like, to just peel off a little bit more african support than would normally be the case and to tip the scales in his fair . As some in his favor . As some cynics have said to women and particularly birth care and the rest, that this is a calculated measure to try to tip the scales in his favor. Not getting a majority of the young women vote, not getting a majority, certainly, of the africanamerican vote, but just enough to tip the scales. Okay. Where trump wins is when he talks policy, and one thing that trump has been able to do effectively in the past several weeks is focus on the Kitchen Table issues like school choice, like childcare. Those are thats what hes been able to neil so put this one to bed let me tell you why neil i dont know if its put to bed here. Well, i think it has been in the sense that its finished, its done, hes pivoting to what he needs to be talking about, the economy, the only one neil [inaudible] he slightly did, and the media just grabbed onto it, latched well, he did say it. This is going to be the big issue that were going to analyze and dissect over and over again. Now, for a campaign six weeks out, the last thing you want to be talking about is the birther controversy neil or maybe, no, no, i understand what youre saying, but, charlie, maybe its going to come up again. They were already raising it, the Washington Post was bringing it up just last night. Get it out of the way, but it does disrupt his momentum yes. Its a noxious issue. It was horrible when he brought it up, i dont care listen, i it is one of the worst parts about american, about Donald Trumps campaign, to suggest that the u. S. President wasnt born here when the overwhelming evidence is that he was. You know, but, you know, if you listen to his speech yesterday, and this is where neil the one before the economic club. You will see that the kind of Kitchen Table issues, there is no comparison. This guy has a clue about growth, at least his advisers do. Hes going to push a growth agenda. And guess what . If he goes back and mentions that every day, you know, birther issue will be there, and it should be there, but itll be down on the list. Neil all right. Jim kessler, maybe you can get a sense of this whole back and forth forth you hear from a lot of folks who say trump election or even improvement in the polls is going to rattle the markets. This was something that mark cuban had raised with me, and donald trump responding to that with our Maria Bartiromo just this morning. React to this. Are you worried after a pretty quiet august, youre a pretty good investor, that were in for a rocky fall . Theres the uncertainty of the election. I have my trump hedge on. In the event donald wins, i have no doubt in my mind the market tanks. The problem with mark, hes not smart enough to understand what were doing. Hes really not smart enough, in my opinion, to understand whats going on, and hes a mixedup guy. And i think this, look, i think that this plan is a great plan. Were in trouble. Explain to mark we have 20 trillion in debt, we have high taxes in this country, very high taxes. Neil what do you think of that, jim . I think mark cuban is right. If donald trump is elected president , theres enough people out there who think this guy is, you know, a little bit unhinged. I mean, thats what a lot of republicans are saying. I mean, thats what mitt romney neil not as many, right, jim . Not as many. So hes done something to the sort of quiet that restiveness. Okay. I think the markets are going to look at this guy and say i have no idea what hes doing. Short term. Thats definitely one of the problems no, no, no, listen, i think the markets going to sell off, but let me tell you something, his plan will create growth. Listen, if youre telling me that the markets are going to sell off forever when in the face of a massive reduction in Corporate Taxes, a simplified tax code, less regulations, youre telling me the markets going to sell off on that, what are you, kidding me . If that happens, buy it, buy the market. Okay. That is the best progrowth agenda weve had in eight years. It will long term it cannot sell off facing that. But let me tell you something, ive never seen a time when if a republican got elected president , people were worried sick that the economy would sell off, but thats happening right now no, because there is no doubt [inaudible conversations] neil i do want to im sorry, charlie, but, you know, if memory serves me right, there was a great deal of skittishness about Ronald Reagan. Absolutely. Neil so history proves that, you know, people get ahead of themselves. But, mercedes, i do want to get your thoughts on this trump anxiety thing, and i couple it with what we were just discussing with all that military brass that was in that room singing trumps praises. Is he overcoming that doubt, and is he positioning himself as the guy who, despite all the concerns and the rancor you hear, is easing military leaders concern that hes not a nut, that hes not going to be a crackpot and that maybe the markets increasing stability in the face of polls that show him doing okay is a sign that it too is a little bit more sanguine about his winning . What do you think . Well, i think for the most part when you look at the polls and the tightening of the polls, youre starting to see that Donald Trumps economic message and i think his National Security message are selling. I think that hes now starting to put meat to the bones in terms of his policies. And be i think when hes focused on those topics, it really does show that he is willing to listen to his military leaders, to be able to listen to his economic advisers and make executive decisions. I mean, as much as people it hasnt reduced the anxiety. I think youre seeing more republicans starting to get onboard. Obviously, the washington insiders, the ones that have played politics the same way for the last 30 years, theyre not excited about donald trump. Donald trump is coming in as an outsider to shake things up in washington, and that is what hes been running on. Those republicans are uncomfortable. Neil everything comes down to that debate. Absolutely. Yeah. If he seems like a normal, rational human being which hes increasingly seeming like neil thats a very good point. The way hes been presented is as a complete nutcase. He actually has a very low bar. If he just shows up and breathes well, Ronald Reagan had a low bar in 198 to 0, and he cleared it against jimmy carter. They thought he was this mean, dour person the danger about that, it was the a week before the election. One and done and then reagan, you know but i think i think the debates will matter for the First Time Since 2000 in this election. I mean, youve got a race that is tight as a tick, and neil i will agree with you on that. I think the debates are going to be big deciders here for the first time. And i would watch the stock market. Neil yes, i would to. I agree with him, i would watch the stock market after the debate because its increasingly in the face of the fed possibly raising rates, its pretty stable even with donald winning. Neil and i may be overstating it too, and i dont like to glean Market Action right. Neil but that could be interesting to watch. Thank you all very much. Thank you. Neil by the way, the House Financial Services committee is beginning to open an investigation into this whole wells fargo thing and whether this thrusting all these accounts on customers there was on the up and up or had the highest blessings all the way up to the ceos office. Remember, Elizabeth Warren with our own peter barnes yesterday all but said that. Separately, i should bring your attention to a meeting going on i think, guys, in the oval office, right . John kasich, the Ohio Governor, has yet to support donald trump. Hes in that room also finding a way to push for trade. This is the best governor kasich can do right now with that white house backdrop, to talk about that asian trade deal, tpp as its known. And hes talking about how he stands by that and thinks it will be beneficial and a unique opportunity to see the good for the American People and a unique opportunity to put country ahead of politics. So governor kasich is singing the praises of the trade deal that a lot of mainstream republicans want to see done, many other democrats. The fact of the matter, donald trump opportunity want to see it done. Hillary clinton suddenly has done a reversal, so she doesnt want to see it done. But this all started with trump who said it is dead on arrival. Wow. Thats a guy whos dominating the political debate. More after this this. announcer vo thats right, keep rockin. Siriusxms free listening event might be over, but now you can turn us back on with packages starting at 5. 99 a month, plus fees. Just call 8558747746 to keep hearing all the things that make you love taking the long way home. So call 8558747746 or visit siriusxm. Com getsxm to turn us back on. And up. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Neil all right. John kasich, that is a live shot right now. Hes not been named the president of the United States. [laughter] he is at the white house. This is the closest right now maybe the Ohio Governor can hope to get to the white house. But he is there to talk up tpp, the Transpacific Partnership deal, that looks dead on arrival right now with the premier president ial candidates both opposed to it, even though a lot of mainstreamers in the republican and democratic parties are okay with the deal. It doesnt look like a vote is likely, maybe mt. Lame duck session of maybe in the lame duck session of congress. Kasich saying its a good deal. Donald trump says its a sham of a deal, and Hillary Clinton who originally liked it in her secretary of state days is now as a president ial candidate saying its a bad deal, and she wants no part of it. Again, i did a double take when i saw, whoa, its president kasich. Its not. All right, investors finishing out a crazy week, and a lot of it was driven by politics, but more by the prospect of an Interest Rate hike. And be i guess, connell mcshane, a little less of a possibility now whats the latest . It is. The odds are going down, neil, and it started with that calendar last friday is when we really started to see things change. The odds of a rate hike at next weeks meeting was at 24 . So that was a week ago today. Were now down to 15 . Now, remember, it wasnt very likely, even there its a three out of four chance that they would not be going up last friday, but that is a pretty good move in one week. What has happened . Well, this is kind of where politics meets economics. Well talk about donald trump and what he said about the fed in a moment, but theres certainly an economic argument here to be made for not raising Interest Rates. Weve had some data thats come in yesterday on the consumer with with the retail sales number, the Industrial Production number, all of the Inflation Numbers weve seen that would tell you this is not the time to be raising Interest Rates. You have no inflation, the consumer has been weak, the august jobs number was weak. So as we go forward with the dow at 18,001, you start to think about september. What about december . If we are only in those 1215 chance in september, decembers probably about a 50 50 right now. Remember, the fed at the beginning of the year said they were going to do four hikes this year. There is now a chance if you take that 50 50 december into consideration that maybe they dont get anywhere close to that. So four this year is definitely off the table, obviously. Now to trump. I was over at the waldorfastoria yesterday when he talked about a number of different things, his own economic plan, but also this, the Federal Reserve. Listen. The fed has become extremely political. I dont think they would do i really believe if it was a political decision or the right decision, theyre going to go with the political decision every single time. So i know a lot of people, neil, feel that way, and trump has talked about it a number of times. Again, theres been economic evidence over the last week, the consumer evidence that i talked about and some of these other comments beginning with lael brainard, the Federal Reserve official on friday, that make the argument nows not the time to be hiking rates. Neil and, by and large, donald trump got good press on those remarks. Connell, thank you very much. Speaking of that economic plan in which donald trump says he could our growth be up to 3. 54 , by and large a lot of people that watched that, followed that said that eased a lot of their nerves about what he would bring should he get elected president economically. We have the president for the committee for a responsible budget on the details of that policy and what her views were of it. Maya, very good to have you. To just see a smattering of the press, not across the board, those who say his numbers dont add up, but they appreciated them nonetheless, and he did a lot on the Economic Policy front with which hes most comfortable to assuage doubters, maybe doubters in that room. What do you think . I thought it was an important speech for donald trump for a number of reasons. One, it was a more disciplined, focused and policy solutionoriented speech than we had heard when he was talking about his economic plan, and i think that kind of laid out a framework and a plan with more detail than wed seen before. Number two and very importantly from my perspective, his previous tax and economic plan had been incredibly fiscally irresponsible in that it would have added over 10 trillion to the national debt, a debt thats already on track to increase by another 9 trillion over that same tenyear period if we do nothing. So thats a lot of debt. And his plan he scaled back significantly where he broughtz, and he laid out another option for offsetting some of those cuts with spending cuts. I do think the numbers dont add up, and i think theyre overly reliant on Economic Growth, but i was very glad to see the plan moving more towards the area of fiscal reality, be not yet getting if not yet getting to fiscal responsibility. Neil yeah, he gave and he took back. He was originally talking about a top rate, to your point, about 25 . I think in this latest proposal its 33 , but for those in that top bracket, they should dial back their expectations, because he will limit their writeoffs, etc. Having said all that, he says its going to help create this economic boom that will translate into this great growth. Jack welch is convinced of that, but we all know that growth can solve a lot of pr