Transcripts For FBC Cavuto Coast To Coast 20170523

The fact of the matter is it is growth being curbed, not the programs themselves. Look at this. The Congressional Budget Office says we spent 100 last year and were supposed to spend 106 this year. For a lot of people anything less than 1107 is a cut. There are no medicaid cuts in terms of ordinary human beings refer to a cut. Were not spending less money one year than we did before. Were growing medicaid more slowly over the 10year budget window. Neil i want to repeat again, if you were to follow the traditional media describing this budget, this isnt a protrump or antitrump statement here, the fact of the matter here it is the biggest budget in american history, 4 trillion worth of spending. Every single major entitlement, every Single Program will be getting more money than was originally going to be the case down the road. Now, what was curbed was the growth. In other words the growth of spending, medicaid, you heard a lot about that. Still over the next 10year it will be getting over 5 trillion. It will be growing at a rate that is easily double the inflation rate. Last year, it grew at triple the inflation rate. That is simply not sustainable. Then to the issue of the growth built into this package. Some people are expressing some surprise, hi, how are you doing. Expressing some surprise, that it is going to be unrealistic, or that it cant be sustained. 3 growth can not be sustained. With we used to average a great deal more. Looking at this budget and questioning how realistic it is that is fair game because both parties do this when theyre in power. The office of management and budget is looking to do here and remember who pays the bills. Independent Women Forum President joins us and Daily Foundation editor, Chris Bedford and democratic strategist richard goodstein. I know you dont share my sentiment, thats fine. I am saying we forget the all the fact this whining about medicaid and people are going to be left off the rolls, medicaid is still growing. It will still grow. It will just not grow as much. Why is that deemed draconian . Neil, you have a very discerning audience. I hope they all realize what david stockman, a republican said is that this is budget that is dead before arrival, and among the people, i will not name a democrat, who think that this budget is entirely unrealistic and actually pretty draconian are American Enterprise institute and center for federal budget. Neil just address the medicaid portion how that is draconian, what do these people think. Here is the problem. Were not going to cut our way, neil, out of deficits. We need to grow. Neil were not cutting. Were not doing any cutting . Dont take my word for it. The American Enterprise institute is not a show for democrats. Theyre calling it a cut. Your beef is with them. Neil no, my beef, if theyre calling it that then theyre wrong too. Just like if you have something budgeted that is going from 100, as director said to 107 population is growing. Neil that i guess is cut off the growth you assumed would be the case but it is not a total cut. It is not going 100 to 99, right . Population is growing. This is repeat of the debate, i remember vividly from 20 some years ago when republicans in congress, when they took majorities, proposed almost exactly the same thing. We had the exact same debate. It was a political debacle for the republicans. So honestly, just as partisan i encourage you to egg on the white house to go for this. Neil i egg on everybody. Because i think we do have to get control over things. By the way, not you, my friend, but a lot of democrats to bemoan chasing and getting into debt, that is a little bit rich. But let me just, Chris Bedford, help me with this, this notion that this is a very austere, very tough budget. I guess you could make the argument if you are looking at medicaid and you were planning, you know, basically of the yellow line were looking at, from medicaid spending was going to be the case. Replace it with blue line, not call for as much of an increase, that is deemed draconian weve got problems. It is only draconian that barack obama laid out perfectly honey trap for republican governors. He made it too sweet for them to ignore. As part of his plan to expand obamacare federal government would match 100 of funds, would pay for massive Medicaid Expansion in states, cover people who didnt have disabilities covered people who didnt have children or werent elderly, groups like that, cato and conservative groups, guys you will really regret this. This money will run out. c eventually it happened and republicans are panicking. All of these guys are saying, all the white house is putting forward, theyre going to make the states responsible for that have to deal with that and spend less. Year after year after year, get government expectations how much medicaid is going to cost, when we get to the year they made that prediction it is more than double. They have not only neil bottom line is, it is bottom line to me. Yeah. Neil by the way, i would disagree with a lot of republicans dont even touch defense. If you cant find savings in 600 billiondollar budget youre not looking very hard. I believe everything should be on the table. Should look at medicare, social security, to protect it for the future, pare its growth to find some way to avoid day of comeuppance money wont be there. I think that could be sooner than later. Having said that, what im looking at here is a budget that doesnt seem too crazy to me. I mean what seems crazy is continuing to assume that medicaid, for example, can continue growing at 9. 7 clip, quadruple unflation rate. That is unsustainable. Absolutely. You know, i think when you look at what is happening with medicaid and with the entire growth of the budget, at some point this has to stop. We cant run deficits forever. Talking about medicaid, what is really important we need to focus on getting the program back to serving its beneficiaries. Because real problem with medicaid it has grown so much. We put so many people on the medicaid program, that services are no longer able, there are no longer equipped to take care of all those people. One reason weve got, one reason we need larger Health Care Reform so medicaid can get back to doing the job it was suppose todd do. We can encourage more people who cant afford it to get private health care and not be on the medicaid rolls which is making it the quality of care for those who really need it worse. Also making it so expensive. Neil what i worry about, richard, both parties play this game, im not just faulting democrats here but this idea that if you do want to trim the growth in something, that, you are calling it a cut or going so far calling haterless cut. When i look at snap, for example, the modern day food stamp program, 44 million are getting that type of benefit, im not saying they are genuinely starving people in this country that need that help but if were at the point i said repeatedly that 44 million need that, then weve got bigger problems than just item line in a budget. The fact it was 28 million less than eight years ago which was double what it was eight years prior to that. That is not sustainable. That is not realistic, right . You and i agree that, i believe, that the way out of this is growth, not cutting, but the problem with this deficit neil no it is both. It is both. I agree but as regards the health care, and Student Loans and nutrition, mark meadows says these cuts to wheels on meals are crazy. He is not exactly somebody who the left is looking to for guidance. Problem, that if were neil dont you see that, guys, were being sucked into the media game. Chris i would fault anyone who just uses some of these terms, throws them out there, like cuts, to give you the sense that, oh, it is a heartless budget or that it is, draconian or severe or its overdone. It is 4 trillion plus budget. It is the richest budget on planet earth by far, by far. All of the major western european nations combined dont even come close. So Chris Bedford, how is that severe . It is not severe at all. It is a huge spending increase. Basically none of these major programs have been cut. Things, speaking of sustainability which really do threaten the foundation of our country and our future, things like medicare and things like social security, which donald trump pledged in the campaign trail continued in his budget, i am not going to touch those. First well focus on medicaid. Through medicaid, people who were, especially people covered by medicaid before this massive expansion the lasted a administration touted so proudly, they will be fine, they will continue with their coverage. People who have been expanded to, covered by the states with this huge federal handout that president obamad planned, those people, states will have to decide, well it will cost me more to doc this. I will have to spend some myself. All of your points, of course growth is certainly the way forward but you are not going to get growth if you dont stop spending so much of u. S. s money, taxpayers money, people who fund it on the programs that arent even working. Neil to richards point, cara, there is way to work growth into this. Growth wi go a long way,3 growth, people are fawning that is unrealistic, we used to grow a lot more. Even allowing for even 3 growth unrealistic deemed by a lot of folks over the 2 growth weve been averaging. That alone would mean youre looking at potentially, potentially, 50 more in revenues, something that could really benefit this economy and benefit american workers. Im saying when we close off that debate, saying, no, no, youre going too far were losing the opportunity to look after folks who pay the bills. Not just folks who get stuff . Absolutely. We need to be focused on growing economy. Not only good for tax receipts. More importantly good for the people. We need people to be earning more, to have better job opportunities. For all the people working at jobs that arent paying enough or working part time, want fulltime jobs. The most important thing is job creation so they dont key pend on things like medicaid, snap, all the programs are supposed to be for people who are in need. Lets grow to make sure there are notes many people in need that. Is win win for everyone. Neil we have to do both. We watch it closely, you guys argue your points very, very well, richard even you. Joking there. I want to bring your attention to other developments. Well follow the spending thing. The president arrived in rome with others. He will meet for pope francis scheduled for tomorrow. Wre waiting for update in manchester, england on the latest on the attack that killed 22, injured 59 others. How did it happen, why did it happen, and i want you to focus for a second on the size of the city. Manchester is not a paris, not a london, it is not a brussels, much smaller city. Half a million. Would be like toledo, ohio, or raleigh, North Carolina. That changes the debate or changes the target of what could be targets. Were on that after this. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Neil all right. You are looking at live shots coming in Madison Square garden, new yorks times square, where cities are on heightened alert here, not just big ones. Medium, smaller ones, less than half a million, that is about the population of manchester, engld. Renewed focus on cities similar size of t United States. Think aboufresno, california, albany, new york, raleigh, North Carolina so many fit the bill but there by the grace of god could we. Scores of Ariana Grande concert goers, Connell Mcshane, how theyre preparing to he prevent anything like that happening in new york, particularly times square. Connell . Reporter certainly, neil. It is a point of contention. Something that we see after any of these attacks happened overseas. To breaking development there first. Suspected sue he side bomber in manchester at concert has been identified by name. British Authorities Say his name is salman abedi. U. S. Authorities believe he traveled to the smaller city of manchester from larger one in the uk by london by train to carry out the terrible attack. One of the 22 people including the suicide bomber was an 8yearold girl. A claim of responsibility that came from isis. It is not independently verified but it is out there today. Weve seen another arrest, a 23yearold man authorities believe is connected to the case in manchester. All that happening over here, over there. Over here we have thetatement of department of Homeland Security saying there is no specific threat against music venues here in the United States. Were starting to see stepped up security. Nypd wellknown counterterrorism unit is out in more force than we normally see today. Some are behind me in times square. New York City Police department put out a statement i can read to you. It said out of abundance of caution, we have moved additional heavy weapons teams to highprofile locations around the city. In addition to the heavy weapons teams, new york will see vaporwake, explosive detection dogs. HighlyTrained Counterterrorism as far as and random bag checks at transit locations among other things. Times square we were reporting last week, as we look up north from 43rd street, a couple of blocks from here, a car, wasnt organize ad terrorist attack but it was terrifying, ran into a group of pedestrians there and now we have this added to it. Come back, toss back to you, neil. We definitely see stepped up security presence here. Back to you in the studio. Neil connell, thank you very much. To manchester, police are updating us on events there. We now have a team of specifically Trained Counterterrorism officers supporting that. There has been much speculation in the mqia and on social media as names of some of the victims. While i accept that many so of this is inevitability, i would ask that people do allow us to the work with the coroner and work with the families to make sure theyre properly supported before we release the names of those that sadly lot their lives. As you expect the Police Response across Greater Manchester has been significant today as we help people to continue to go about their daily business and lead their lives here in Greater Manchester. Part of this response has seen us arrest a 23yearold man in connection with the attack. Weve also carried out two warrants, one in range and one in fallow field. The one in fallow field saw us undertake a controlledded explosion to gain entry. I. Wish to reassure those communities that we were doing to gain safe access. That is nothing to be concerned about. We understand that feelings are very raw right now, and that people are bound to be looking for answers. However more than ever it is vital that to our Diverse Communities that make Greater Manchester such a strong place actually stand together and support each other as we will be doing in a vigil at 6 00 p. M. This evening. We will therefore not tolerate hate towards any part of our community and should communities be suffering from hate incidents or crime i would please urge them to report it to us. This afternoon as you saw we were visited by the home secretary theresa may and the home secretary amber rudd, both were given briefing about our Ongoing Operations and our investigation over today and the next few days. I can confirm that the man suspected of carrying out last nights atrocity is 22yearold salman abedi. However he has not yet been formally named by the coroner. I wouldnt wish to therefore comment any further about him at this stage. Our priority along with the police counterterrorist network and our Security Partners i to continue to establish whether he was acting alone or working as part of a wider network. Thank you very much, ladies and gentlemen. Neil all right. You have been listening to an update from Manchester Police here. Fingering apparently so far the only known assailant in this. Whether he had accomplices is anyones guest. 22yearold salman abedi. You heard his name come up. Theyre not ironclad sure he is only guy. That name consistently come up. He died in the explosions himself, selfinflicted were told but that is all we know. We have a former Police Sergeant and a retired Navy Explosive Ordnance commander, paul greg. What they make of what the chief just said. Peter, to you first on that. One individual, might have had some help, not sure. Still a lot we dont know, huh . No. What they say specific threats, the intelligence communities from these Different Countries have to get together and share what they can identify as people that are possible threats but when we talk about soft targets, shopping malls, the studio here, or Soldiers Field in chicago, baseball diamonds and stuff, to set up a perimeter you have to be a mile away from the park, have every person coming in checked that way. At that point, if the bomber wants to bomb, if you get to the suicide, to the check point, and he realizes he is not going to get in, he will detonate the bomb there and kill whoever he can. From what i understand in manchester he set it off in a concourse outside of thectual venue. Neil exactly. So if he would ha been in middle of that venue, you would have threefold number of injuries and deaths. He couldnt get it in. Owe did it in the concourse. That can be done anywhere here. Your bomb expert can tell you how they make these bombs now. Neil paul, to that point, it was outside of the security perimeter. Weve seen that happen at airports. Weve seen that happen in other areas where it isnt a secure zone. Nice, france, for example but does that change or should it change ourc thinking on soft targets here . Well, good afternoon, neil. Neil paul first. I will get right back to you. Yeah, peter, youre absolutely right with the soft targets. We start changing the name from soft target to congregation. Wherever people are congregating he is absolutely right, no matter what happens, Airport Security on the airlines you block that up, you have baggage claim where there is just as many people. The thing with these suicide bombers is, they can change exactly where they want to do it. A timed device you set somewhere you hope everything works out but a suicide bomber, he can actually change where he wants to detonate that so it is liquid as far as the attack. These soft targets as you speak, as we see, these, that you start to see, now theyre targeting children. I mean, young, population. Anything is on board with these people. So the soft target could be the school bus. It could be outside of an Elementary School in small town, usa, we see in manchester, half a million or Million People. Neil right. It definitely changed the face and way we should think about it. Neil gentlemen, thank you for that. I lied. Peter, we have breaking news. I want to get you both back real soon. Isis is claiming responsibility for this attack. Republican congressman, retired air force captain brian babin how the strategy needs to change or get updated. Congressman, one of the things i was wondering the fact this venue, if you think about it, manchester, england, not london, not paris, not new york city, much smaller city, half a million by compare to some of these places a factor many times that. I was thinking of similarsized u. S. Cities, that would include fresno, california, albany, new york, tulsa, i could go on and on, that does change our what we i think of as vulnerable locale, doesnt it . It absolutely does, neil, good to be with you today. Im angry and im frustrated when i see these types of attacks. You know, it could happenere. It will happen here. Im frustrated and angry because i had a couple of bills out for almost two years now to try to stop some of these influx of some of these potential terrorists. Our president has had executive orders which have been thwarted by the ninth circuit and several federal judges on the west coast. When will they learn . How many americans, how many british, how many western europeans are going to have to die before they the left wakes up these are visa, refugee, immigration migrant policies that dont take into consideration safety of our own citizens . When these people like isis, whether this is isis or not, i know theyre claiming responsibility, when they target 8yearold children, it is time to lower the boom on these folks and i want to commend our president going after them over there but we have to be on our ps and qs over here. A terrorist should never have a good nights sleep without worrying whether he wakes up in the morning or not. We have to go after these people, 100 . Weve got to implement these executive orders. And my bills as well, to stop these dangerous programs. Neil you know much has been made of the fact that the president referred to them as losers, not just monsters or evildoers, not that sort of thing, to ratchet the debate, you think youre heroic, you will go to allah, praised and loved and worshiped and 72 virgins and all that. The fact of the matter youre a loser, how does that change the debate do you think . I think somebody is finally getting past the Political Correctness calling what they are. They are savages. Theyre absolutely remorseless. Theyre cruel, theyre radical, and these are people that you can not deal with. And so there is only one way to deal with them and that is with the strong arm of brute force, military, good Law Enforcement and good policies to keep these people from infiltrating our refugee programs and so on, so forth because we know theyre going to target the weakest, the most vulnerable of our populations just to get their point across. And so, for that reason i really cant wait for these executive orders to make their way up to the supreme court. Now that wevec got a new Supre Court Justice in gorsuch. Lets get these things implemented. My goodness executive orders were reasonable as they come, 120 days long, very reasonable. This is what we need to do. Congressman babin, by the way, those that dont know, retired air force captain, served his country very honorably. He doesnt like to brag about that but i just played with g. I. Joes, im nothing close. Congressman, thank you very much. Good to be with you, neil. Neil if terrorists thought this would rattle markets there in europe and here as well, well, had a funny way of showing rattled. Not only are our markets still up here, they were up across the board in europe. And, theyre doing very well. Now you could look at it t ways. You could look weve become resigned and gotten used to this which is a little bit tragic, or, or, we live in a time where we dont assume the worst or this will drag down society as we know it. Your pick, after this. Neil all right, the president has arrived in rome. He is going to be meeting with pope francis tomorrow. Man, thats a payperview moment right there. But ahead of that, he is arriving there. I think they dont have any really plannedded events tonight in rome. A couple of good italian restaurants. They have a couple good ones. Theyre all italian restaurants in rome. I wanted to do this, Adam Lashinsky loves these moments, showing President Trump on the tour. Adam is slightly left of center. What we love about him he is phenomenal writer. No one has tis Technology Connections in slightly left of center group. In latest, im sure to be runaway bestseller he fuses on uber, wild ride inside ubers quest for world domination. Well get into that for a second but again i was noticing that the quality that the uber chief has arent all that different from a lot of his hightech colleagues. Seems to be ingrained in a lot of them. I guess theyre trying to do the impossible. Theyre creating something out of nothing. They are doing things no one has done before them. So it does attract a certain personality. One of the big topics of discussion is it a requirement. Neil is it . I certainly dont think so, but there is a preponderance of evidence to suggest otherwise. Neil yeah. And they go against the grain. I think, even the way you kidded about the rise of uber, which at face value, hop in a car with a stranger, trust your kid to hop in a car with a stranger, hopefully get to where youre going but the whole concept would have seemed alien. Who would have thunk it. Not just a stranger, but any old car too. It might be the car you and i would drive, maybe better or worse. It is not uniform. That would have been jarring to explain to somebody 10 years ago. Neil technology, were looking at President Trump, adam, on this european, first foreign trip as president , is it your sense that technology community, if you think about it, has been probably as a group, as a sector, maybe with the exception of finance, the biggest beneficiary, since donald trump was elected . Im sure that is not entirely what do you make of that anomaly, considering im not saying it is monolith i cannily democratic but mostly . Talking about the stock market . Neil the stock market. It has been a good run but theyre probably less affected by some of the gyrations about things were caring about, affecting the economy. Protection system not huge issue. They stand to benefit from repatriation because theyre some of the big holders of cash overseas, apple in particular. Neil they can make money under any environment pretty much. Thats right. When they work theyre cash generating machines. Neil do you think, as the president is getting off the plane, air force one, with melania, do you think much of that president s success hinges on him gettg his economic package through, what every you think of it, tax cuts, regulatory relief some of these tech guys want to see . Yeah you make stronger statement. Much of his success is predicated on that. I envision back to six weeks or so ago, a lot of people on left around right were having honest conversations about these economic policies. You know what kind of tax policy do we want . What should we do with the Health Care Legislation . Before the last couple of weeks when nobody wanted to talk about anything other than the scandal of the day. Neil right. A lot of people were willing to have an honest conversation, an are willing to have an honest conversation about these things. Neil what comes up too, in light of other news developments obviously with the attacks in england, your friends in the tech community, should bec more responsive more helpful sharing information with authorities . The fact of the matter is a lot of stocks are doing well today because this was the means of communication post this disaster last night. What do you think . So i think if you can generalize about them theyre torn. On one hand he have they have the technology to help. They know the technology is being used to hurt and they could help, yet theyre sort of like the modernday equivalent of free speech advocates. They dont want to do anything that is going to make it too easy for the government to just take their customers information. So i think they have a real pushmepullyou there on that. Neil in light of uber, and i was thinking with the ford ceo getting fired, now here was a guy who was going to push driverless cars, electric cars, all the rest. Do you think he was just a visionary fired too soon, or, that he had it coming . The ford guy . Neil yeah. Well, unlike uber, so ubers last valuation was 69 billion. That is only tested in tiny little ways. Unlike uber the ford ceos stock was down 40 during his tenure. Visionary, good operator, nice guy, doesnt really matter. Neil but the future seems to be driverless cars. Their drivers are competing with uber. Yes, and well, ford, officers of all, is seen as not being far enough along. The fascinating thing about the driverless, uber on one hand relies on drivers who are breaking their backs driving for uber every day, around the world by the way, in the same exact breath we might not need you in a few years, sorry. Neil what are they saying . Technology is coming. Nothing we can do about it. Enjoy it while it lasts. Neil how much time did you get to spend with the company higherups . Many hours. In the last part neil how did you get in there . They hate the media . They recognize the need for publicity just like the rest of us. Neil they have been getting a lot of bad publicity. Thehave been for a lo time. The ceo threatened me i want to write a book. If you persist to do this i will commit someone else to do authorized version. He never followed through on the threat. I was patient and persistent. He knows me a little bit. So i decided to tell me his story. Neil your personal sense of driverless vehicles, to me that still sounds crazy. Right. Neil it has had bumpy fits and starts. Yeah. The fact that it sound crazy to you is very meaningful. That is one of two big factors that will stop it from coming soon. Neil or go the other way. Its a sure bet. The second thing being regulatory issues. The funny thing the technology is pretty darn good. Compared to humans were terrible, we get into accidents kill people literally every day. The robots dont. So the technology is there but were aways off from most people accepting that and regulators regulating it. Which neil i dont think a driverless vehicle would be in the back seat with my wife driving by far, by far. There you go. Neil is she watching . Adam lashinsky, thank you very much. Wild ride. Inside ubers quest for world domination. Unfortunately he has done another great book. President trump arrives in rome. Usually has one or two vehicles, kind of lowkey thing for president of the United States. He will meet with theope tomorrow. You americans, im italian so over this for tomorrow. More after this. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. 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Im still going for my best. And for eliquis. Ask your doctor about eliquis. So many young, beautiful, innocent People Living and enjoying their lives murdered by evil losers in life. I wont call them monsters because they would like that term. They would think that is a great name. Neil so president of the United States referring to those perpetrating the attack in england as losers. We know of one individual behind it, might have had accomplices. To european member, hanlon. What do you think . I couldnt agree more. There is very important to get the vocabulary right here. They want to see themselves something in illicit cause. They are losers. We dont know much about the individual who has been identified here. But the general patton of a lot of these jihadi murders, they have problems with drink and drugs. They have not had girlfriends. They have been in and out of prison. They are losers in life and losing in the literal sense that the Islamic State is giving up territory and terrorists are being rejected. So dont take them with their own estimate. Mock them, despise them, treat them as debased criminals they are. Neil daniel, what do you make of the fact that a city like this was targeted and not major metropolitan areas. Im not minimizing. Not ac london, paris, brussels that mig be a who new game and whole new strategy here . I mean this really is the softest of soft targets. Just for a moment, think about what happened. I mean, you know, i know this is difficult to hold in your mind. Picture what took place. That you have got teenage girls, preteen girls, looking forward for weeks to a concert. Snapchating each other, what will we wear, where to meet for pizza. Trotting away from their parents excitedly and being lacerated by nail bombs. Im sorry to have to say that i know it wasnt fun to listen to, and wasnt fun to say either but it is important to understand what kind of mindset were dealing with. Somebody reacts to a room full of kids holding ping balloons has such nile listic hatred and wants to kill themselves and others in the room. Were dealing with evil losers here. We cant live our lives on the basis of trying to have security around every sports ground, every concert, that would just be impossible. Neil would you think now, theresa may indicated there will be no campaigning for the foreseeable future, at least a couple days, maybe a week but the election is still on june 8th, i believe. Does this change the equation or britains used to sadly, one terror incident after another, not what has gone on in paris and belgium but enough and theyre just exhausted by this . I mean its too early really to get into the politics of it. You know anyone is going to respond, any human being to what just happened with sympathy for the victims. If you have kids you will hug them a little bit tighter. With the power of prayer you will be praying. Neil is there a sense governments i cross europe are just always responding too late and thats an issue regardless of who is in charge . No. Its a fair question, neil. Actually, i think we shouldnt get this out of proportion. This is a horrible, terrible attack, a monsterous atrocity, but we have not seen an attack on this scale since 2005. There have been a grand total of four terrorist attacks which ended in fatalities between the london tube bombings and now. This is not something, i mean we lived with a much higher level of Political Violence in the 70s and 80s when the ira was active in Northern Ireland and in great britain. Neil youre right. But in terms of the politics, look, it is right that we suspend for a day, no one wants to be having arguments about politics on a day like this but it would be wrong to suspend the campaign because that really would be changing our lives as a result of an act of violence. Democracy, parliamentary representation, freedom for everyone to express their point of view, that is the way of life these losers hate so much. Neil daniel hannan, thank you very much. To daniels point, World Markets shrugging this off, sadly used to it or feeling it could have been worse, but bottom line, not moving, not moving much at all. More after this. Dear predictable, theres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced, our senses awake, our hearts racing as one. I know this is sudden, but they say if you love something. Set it free. See you around, giulia you totanobodys hurt, new car. But there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do . Drive threequarters of a car . Now if you had Liberty Mutual new car replacement™, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. Neil bringing idea of a border tax to pay for tax cuts. Matt shays, Retail Federation doesnt like the idea. Matt, not a fan. Neil, we arent fans. Came over from the hearing. I talked to chairman brady and witnesses, target chief. And a number of those came over. Listen this is something that would hit americans in their pocketbook. For everything they buy, whether it is gasoline, Automobiles Electronics shoes, drug, clothing produce, everything would go up. We dont think that is what voters voted for during the last election. Were strong supporters of tax reform. No one supports reform more than the retail industry. Brian was very clear on that point this morning in his testimony. But we think this one element is the wrong way to approach reform. Neil you dont have much to worry about, doesnt look like it is catching much steam, right . Obviously met with lukewarm response in lots of places but were not taking anything for granted. We have a dozen ceos coming to town tomorrow. Well do visits on the hill. Well see secretary acosta, secretary mnuchin, secretary ross at labor, treasury and commerce, so i think we have to assume were not done yet. Neil within the administration are not keen on this. Because that seems to be the case it might not beoing anywhere . I think what is happening here is, weve got a proposal looks like for some folks easy fix and tax reform is making choices. History of reformulas 30 years. Of president reagan and his Administration Made different choices and go forward to today. This is the chairman of the committee made a choice. We think this one choice is the wrong way to go. We dont want to kill all of reform and too important to americans and too important to competitiveness we get the reform is likely to kill it completely. Neil thank you very much. National Retail Federation ceo. Break through your allergies. Try new Flonase Sensimist allergy relief instead of allergy pills. It delivers a gentle mist experience to help block six key inflammatory substances. Most allergy pills only block one. New Flonase Sensimist changes everything. Thats what were trying to point out to people. Look, if theres 44 Million People on there, maybe. Maybe its reasonable to ask if there are folks on there who shouldnt be. That is a reasonable question to ask. I would even suggest a compassionate question to ask. Neil but the budget director is talking about on the day the administration released a budget that will balance things out in 10 years, to a 44 people that need food stamps and the socalled map program with more than eight years ago we had 8 million, double what we had eight years prior to that. Almost out of control. Well look apart and pick apart the budget and see what is heartless, whats real, whats not. Meanwhile, the latest on what we learn about the manchester terror attacks has been identified as 22yearold simon mbeki. He mightve had one accomplish cities across this country on high alert and not just the big ones because manchester was a smaller than normal target for terrorists, again about half million total population. We are looking at similar cities in california, raleigh North Carolina. Casting a much wider net than times square, chicago or atlanta. Sarah onomatopoeia escaped everyones impression our view of what would likely be targets. Snl. Manchester is not london but it was a 21,000 person target concert hall. Weve seen them to sports stadiums, sports events. These are traditional soft targets. While manchester was not on everyones radar or like paris or london or new york city, for example, it is not surprising that a stadium, a concert event was the target of the attack feared unfortunately come extremely horrific. Young people at the concert enjoying a night out and its a heartwrenching video. Trade deal and wondering what posture do we change. What do we do differently that we might not be doing now if this is targeted to go off at the end of the concert is appears to be the case. This guy was just waiting and waiting. rightparen these types of attacks on soft targets are difficult to prevent even the security measures in place, this is at the end of the concert outside of any security checkpoint area. As people were leaving, the individual detonated the explosives. What can be done at events like this, perhaps more bomb sniffing dogs at the departure gates. Another thing is this individual had to purchase weapons materials. The individual may have been surveilling the sight before him. Dissecting Security Officials will look at and people should be vigilant about before this. Lastly, friends and family come a close and family, Close Associates of the individual have to report or notice any potential warning signs. That is how these are going to be ported if it is not communication raman person it might not get to it before hand. Again, infinite amount of soft targets in our country, in the u. K. Theyre not gog to be able to harden them completely in the same way you would a military base or an embassy. Ash is not realistic and not what we want living in a free society. There are additional measures in place and probably lessons to learn after investigators get to the bottom of this. This would be at least the sa nonsecurity down whether someones going on the shooting rampage at an airport or you have someone outside the zone of security in this case, a concert venue. Some have even talked to the possibility that maybe we need to expand the security zone. What do you think about . We say not in a lot of locations. A nasty concrete barriers to prevent automobiles to coming up to marketplace is to resolve out of washington after the attack in berlin. Using parameters grow outside the actual zone of the fence. At a concert hall, you have cars parked outside, people picking up their children in this case. It is not going to be possible to create a really far perimeter for security without severely inconveniencing people sending a large amount of money on security measures and also even if he did not come under so going to be gathering of individuals outside the perimeter whether in the form of lines and to be honest you see terrorists do those sorts of attacks, to the attack people online are outside of areas before security. Is a night at airports, for example. You are treating problem but create a new problem by pushing the potential attacks on the way appeared in this case, one of the fortunate aspects of this is a have a lot of close captioned tv footage of the individual prior to the attack and unlimited thousands of iphones that were probably on when the attack happened, so investigators will have a lot of footage tothrough to figure out exactly what happened. Neil already the cameras that were there outside store establishments and the rest. Tara maller i thank you very much. By the way, President Donald Trump has arrived in rome. Blake burman in jerusalem with the president s latest reaction to the terror attacks in manchester. Hi there come a meal. Very interesting earlier today to see the president s first public remarks to the Manchester Attack as he was alongside the Palestinian Leader Mahmoud Abbas in the west bank when he first made these remarks after these two had met there. Going forward he was going to call terrorists evil losers and he would call them losers. He reiterated that phrase over and over again when he was alongside the Palestinian Leader saturday. Then he linked up with Prime Minister benjamin netanyahu. A couple of answer in jerusalem. And at that event, he took a much more narrow focus on the attack saying that terrorism needs to be purged. I repeat again that we must drive out the terrorists and the extremists from our midst, obliterate this evil ideology and protect and defend our citizens and people of the world drive out the terrorist as he heard prident trump say there. I was afraid that that he used in saudi arabia. Obliterate evil ideology. He also used the earlier today alongside the Palestinian Leader saturday. After President Trump here in jerusalem, sean spicer says he was briefed by some as Security Team here in israel and that he also spoke with the british Prime Minister, theresa may while here in israel. Dream to blake burman, be safe. Thank you are a match you go after this type of thing that happens. The one thing about terror is terrorizing and the people behind should know he was the guy who took out osama bin laden. In my years as a seal team warrior, it has been living under that list of topic ever since. Rob oneill. Here we have a situation where we now know isis is taking about for days. We do know that they change their tactics looking at soft targets, maybe smaller cities, even though the concert venue is large. How do you plan for that . The problem here is this isnt brandnew. They seem the leadership saying they want to try to fight. At soft targets and its difficult to deal with because you see the parameters get furtr and further t. They will hit people waiting. Theyve done it in airports. What needs to happen to the longterm solution we are not going to build a killer way to this. Not just for the leaders of the countries which is a good start, we need to give the scholars, the clerics, who is preaching hate and get them out. You need to arrest these guys. Look at the leader of al qaeda now. Collegiate mohammed, mastermind of 9 11. He speaks four languages and is graduated college. These are not people. Neil you know how to reach out to the socalled lone wolves and i guess even the one who is thought to be behind the attacks of manchester. He was on authoritys radar. But a lot of people are. How do they get off the radar . We need to educate ourselves and tell people what and who the enemy is. Ive heard before these people arent islamic. They are not religious. There are vast right wing religious. This guy did this. He didnt see children whos going to murder with a bomb he sets off. He sees at the click of a button just to selfishly go to paradise because hes fighting crusaders. The lions at the caliphate are now coming to roost the crusaders. This is not biblical stuff. But this is the start in their holy books and koran and this is the way that they see it. We need to get with the clerics that maybe this is the wrong way to do it. This by no means is that muslims, always fun. We are not going to win it without the help of islam. There is another alternative where we srt pnding them, whh we can do but that not fair to their kids. You know what youre taught in these kids are robbed of their nsa and of their msn maker to be with this guy is. He was radicalized by someone. Whos doing it . You got to realize what it is, call it what it is. There is a definite enemy that has definite trends and theyve done it before and the bad thing is they will do it again. As takeover targets are more susceptible soft targets. This is all coming as the Islamic State the same these explosive device was actually planted at the concert so again, much preparation. Someone you have to make the bomb. They did raid his house. There was i believe a controlled explosion again as they found something. You can see a picture of how to handle chemicals. If this guy was smart enough to create a bomb and blow it up himself, thats on him. The person and makes the bomb since the other guy to go be the martyr if you will. They dont want to waste a bomb maker and a Martyr Mission perhaps. Isis doesnt want to admit a suicide on. The videos were there. The intelligence people. Video site there. They will not be found once to see. Hearing horror sesbout young girl running around wheres mrs. Eyre, cap and my sister and a man holding a woman dined. Blake. This is real. People ask me about my book came out about killing bin laden, yes im a target of the sewer you, so is everybody else. Even the leaders of the 50 muslim nations that President Trump spoke to, there are prostates as far as feasible hobbit are concerned. They went away for a islam. That follow saudi arabia. This is what it is. If the saudis have their own interests in mind, yes. No one is a perfect ally. Let me ask you this. When he took out osama bin laden, you take this guy out, the guy who created, called 9 11 so much horror for us, but it would still be going on with different lieutenants like cockroaches coming out of the woodwork doing god knows why. Theres a lot of fan. Its a small percentage, but a small percentage of a billion is a lot. The solitude version comes out of saudi arabia. The 15 to 19 hijackers were from saudi arabia. However, al qaeda wants them as the site says. Alshabaab, all these different ones. Neil they look after their own. The president kind of lecture dad on martyrs and their family. Of course that this guy was a palestinian, his family would have been paid by the palestinians. Theres a lot of stuff going on. The religious part needs to be addressed by the sermons but there needs to be people infiltrating who is preaching the hay. If someone is saying kill the infidels, phileas prostates, that may be an issue. Neil is this an issue . I understand, is it going after anything that approaches normal . Yes, the way the profit the hominid lived. Neil runaway bestseller just top the bestseller list right now. The story that brought down osama bin laden. I tell you, you have to wait for it. He doesnt spill the beans until i dont want to give it away. A story about the life of the operator and for me it took a long time and has over 400 missions before that. Neil amazing. A lot of bad language there. Sailor talk. Neil its a great book and a fast read. Its not what you expect. We will have more after this including the update on a budget that isnt nearly as true conan. People are complaining about the budget because i think its only over fortune and good that is the biggest budget on planet earth at her. No country has ever had a bigger budget. Over for trades and people are complaining. More after this. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast fo is being changeby faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Neil albright. Bad news on the home cell front. New homes have fallen 11. 4 in april. Thats the biggest drop in more than two years at this of course coming off of close to a decade high again these things can be all over the map. The confluence of both of the housing data has bn supportive to the market did all of this coming at a time in the president is rolling out its budget. The biggest budget in human history, but its some of the trim and then not the people raising eyebrows in both parties whether its justified or not. Adam shapiro with those details. Reporter hey, neil. This is a taxpayer budget according to the administration. They are presenting this budget in terms of you, me and other americans and how is the money being spent. It is getting plenty of criticism. Current, Larry Summers is an economic adviser to president obama. He served at treasury. Prior to that, he came out in an oped this morning i called this budget is ludicrous. I asked budget director Mick Mulvaney how he would respond to summers and here is what he said. This is the First Administration in history, the first decade, the first eight year period in history not to have a 3 growth rate, yet they were promising us for. 5 growth. If what he wants to talk about unreasonable assumptions can we talk about my 3 growth rate and has 4. 5 and will talk about who is closer to reality. The Obama Administration did or did 4 growth over several years, which of course did not occur. Trump economics is based upon sustainable 3 growth. The administration believes that will put people back to work and pay for the Budget Proposal that has been delivered to the hill today. Democrats on the hill say this is as Larry Summers would say ludicrous. Take a listen. This is a budget which says if you are a member of the trump family, you may receive a tax break of up to 4 billion. But if you are a child of a workingclass family, you could well lose the Health Insurance you currently have. If donald trump used these budgeting techniques in his business, not even the russians would invest in his projects. A great irony of the trump agenda as it hurts many of the people who supported him in the campaign. Mick mulvaney did respond to this issue with compassion and helping people who need assistance because their archives to to things like food stamps and Disability Insurance and he said this is a quote. With plenty of money in this country to take care of people in this country who need help. Back to you, neil. Neil albright, adam shapiro, thank you very much. Much of the program that takes care of food stamps will see an overall cut of the invention at the outset of the show. Its been growing at an exponential rate. Eight years ago about 27, 28 Million People are getting food stamps supported suddenly blurred to 44, 45 million. The director is saying essentially that many people are needing food stamps support, weve got bigger problems than the numbers youre getting food stamps. Furthermore when it came to mediid andedicaid related spending, it is not being cut in the true sense of the word. This growth is being slowed. Well bring it up this discussion. That yellow line represents a baseline for medicaid spending and the changes on the republican medicaid spending plan that will be included still goes out, just not as much to the intelligence report, trish regan for responsible federal budget. To you first. The powerful word here, but when youre slowing the growth of something and still submitting a budget, pick apart the details we should and will, it is still better than 4 trillion. Pretty big budget. And how is it you say that youre cutting it . I like that youve taken issue with this. I can let you aggregate in a very big argument about this very thing with gene sperling. People say to me these archives. Think about it as a family. If you are lucky enough to have more money in a given year because you grow your salary. Maybe you grow your spending a little bit, but you didnt grow as much as the year before. How is that scene at the cut . The truth is we need to think about our government budget, much like we would think about our own families. Things have just gotten so big and so out of hand then there is the dictation that you just spend, spend and spend smore and that has to change. Neil janel, i always wonder about are these latest kinds of games where republicans dont touch defense. Well go after social programs. Democrats dont trust social programs. I know how it works. The reality is this is not sustainable. Better than 19 trillion, almost 20 trillion in debt. Someone has wake up that the map barely sustains this programs longterm. We ignore that. We think about this . Look, or three largest spending programs or social security, defense and medicare. Talk about spending growth. Social security and medicare are going unsustainably. The budget doesnt focus on any of these three areas of the budget. It focuses on food stamps, which is fine. Focuses on nondefense discretionary just a tiny share of the budget, focuses on the budget. Its misplaced in a look at the fastestgrowing program. Everything should be on the table here. Mark, do you think that growth can handle a lot of this . If the Administration Must succeed at getting 50 growth, we would have substantially greater growth than not. Its in the eye of the beholder whether its doable. Do you think growth could deal with a lot of this involve a lot of this . We cant fix it without growth, but there is no plausible path to 3 economic growth. We are an aging population. Its not like the 80s and 90s and early 2000. We are much older. We present is the new 4 and its incredibly rare and would be incredibly difficult. Neil i never done it before and i know the issue here is sustaining it. With headquarters where he picked up north of four, even 5 . The administration seems to think it can end the day sat into their estimate, is that doable from the people you talk to . Im an optimist im not. I talked to a lot of optimist. I think there has been a hangover effect in this economy and weve been dealing with it ever since 2008. Weve never got the engine rolling again. Weve had an environment in which washington has been very antibusiness. Its banal about tax and spend and if you can start to break the life into the economy again be at these lower taxes, via less regulation, via repeal and replace obama cared, you have a shot at really starting to generate this economic engine. Do not forget, this is a wonderful country with tremendous creativity and a workforce that wants to get out there and do things then they just need to kind of be unleashed in a way. Youve got to get back going again. I hate to think that we could be in some kind of an environment where it is so systemic that things are just not going to change. One, 2 is not good enough. I want to see three, four, 5 growth. We do have a hangover called the baby boomers. Neil i was thinking on my generation. We didnt mean to be such financial malcontents. Reese lake ray 1. 5 a year. Maybe 2. 2, 2. 3 . Look at the mouth in what it would take. Theres no reasonable amount of productivity growth, Capital Growth or labor force growth. You are right and not going to be able to retire so ill be more productive. Its always your generation and has a problem with ice. Guys can attend and i both, very, very much. Much younger and much gratitude. In the meantime, President Trump is in realm and is said to me but the pope tomorrow. Depending on the press you read, he is getting a lot of criticism and sometimes you have to wonder or go ahead and criticize. Are you acknowledging anything good he is done . After this. Finally. Hey ron theyre finally taking down that schwab billboard. Oh, not so fast, carl. Oh no. Schwab, again . Index investing for that low . Thats three times less than fidelity. And four times less than vanguard. Whats next, no minimums . No minimums. Schwab has lowered the cost of investing again. Introducing the lowest cost index funds in the industry with no minimums. I bet theyre calling about the schwab news. Schwab. A modern approach to wealth management. Irans leaders routinely call for israels destruction. Not with donald j. Trump. [applause] believe me. I like you too. [laughter] neil president made it clear, when it comes to iran no friend of his, no friend of middle east process, no friend of anybodys, t to hear media reports on this, including those very comments, he is not doing that great of a job. Depends who you talk to, loses sight of the fact he got 100 billion plus of business deals with the saudis, expanding economic commitments with the israelis, growing optimism he says he might be the president to help score israelly Palestinian Peace deal. Whether any of that is doable, all good intentions, all good contracts, all good money. Where is at least some of the good press . To former pentagon official. Michael, what do you make of it . First of all i thought overall the big picture i thought the president had an excellent trip because, for all his image as a disruptor, he brought restoration of close, strong, ties to our traditional israeli and sunniarab allies during the obama eight years were really in the wilderness. That is important not only for them, but what it means for iran and but it also reverberates across the world because i think the message is to our allies and our enemies in other parts of the world, this is a president who stands by his friends, americas traditional friends and oppose our enemies. Neil michael, much has been said, mr. President you should have spoken out against more how the saudis treat women and how they crack down on dissidents and all of that, but he seems to have calculated and registered the fact for whatever their ills and problems, there are bigger problems i need them on. Bigger problems i need them to address. Bigger problems i need to adess, including iran, inuding what is goinon in ria with assad. What did you make of that approach . I agree with that. Look, there are two clear messages, two key themes in riyadh and in jerusalem. One, antiterror of the shia and sunni variety and, that means iranians on the shia side, isis and others on the sunni side. The other one iran, well oppose iran. Because there are biggest destablizing threat to the region and of course not just what they do on the ground but what they do with their nuclear program. You can only tackle so many problems one time. I think the president really had the right priorities here. Neil real quickly, michael, if the president were to formally do what he has stated he would do and rip up this iranian agreement, he and hits people have been arguing there is no formal written agreement anyway to rewarren buffett play through the fallout of that. Yeah. I dont think that is what he is going to do, i dont think that is it what he should do. I thought the deal, the deal with the president , the deal was terrible. It is one of the worst deals weve done in a long time in recent memory. Practically weve given the deal, or youre right, really a plan of action t wasnt a signed deal but the agreement gave iran all the goodys at the beginning. So if we rip up the deal, the iranians pocket all the goodies, accelerate the nuclear program. I think what we got to do, which i hope the administration will do after they conduct their internal policy review, confronting iran first on nonnuclear issues in the region. Show that there is a new sheriff in town. Push back iranians on the ground and on the seas i may add. Against the Ballistic Missile program. Only after we restored our credibility in that way, then i think we should tackle the nuclear program. Neil wellput, michael, thank you so much. Thank you. Neil all right. Weve learned a lot since everything went down in manchester last night. Particularly about the role social media played not in a bad way, good way. Parents using social media to locate family members, to find out for good or ill where their children are, way beyond that. To fbns trace is carrasco with all the details. Trace port pour parents used facebook and children looking for unaccounted teens looking for them after last nights concert. Shortly after the explosion facebook activated the safety check feature to let others know they were safe via social media. Facebook says the feature has been activated more than 600 times during crises and natural disasters since introduced in 2014. Facebook is still facing Harsh Criticism from content monitoring. Groups like isis use social media sites to use propaganda and attract and train recruits. Federal judge dismissed two lawsuits accusing facebook supporting terrorist groups letting them use social media as a platform for their aims including violence against jews. Neil, really a catch 22 were seeing. Neil there was some good came out of it. We hear the stories the bad guys are on there, using it. Tracee thank you very, very much. Im been telling you how the markets held up. A lot of people say who cares about the markets . Well it says something about the greater body politic globally, not just here but in much of europe, that they kind of held their own. A way to remind the terrorists that they can dislodge, drive us nuts, that not this time. After this. What if technology gave us the power to turn this enemy into an ally . Microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. You know how painful heartburn can be. For fastacting, longlasting relief, try doctor recommended gaviscon. It quickly neutralizes stomach acid and helps keep acid down for hours. Relieve heartburn with fast acting, longlasting gaviscon. Neil most of the day stocks were up in london. All up across the board here. A sign that the markets despite this latest terrorist incident which is scary thing about it, it was a soft target, expanding to a smaller city target, a lot of folks are wondering what is incomes, what could be next, heightened alert all over, but not whipsawing traders for now, for now. Ashley weber, market watchers, gary kaltbaum, erin gibbs. Why is that . What is going on . What were looking at there isnt a economic impact. We dont see companies having massive impact particularly with the smaller attacks. Obviously a huge emotional impact. It really has to take Something Like allout war. Were really talking about increased defense spending to have an impact. We looked at even the s p 500 and most weeks after an attack, the market is actually up about half a percent since 2010. So the market, particularly the u. S. Markets, are really ready to brush it off unless something affects it somewhere on the fundamentals. Neil i guess that does make a lot of sense, ashley, if you think about it but we had a lot of defenserelated issues continuing to climb. Really a response to the saudi deal that the president scored earlier this week and maybe that those are just issues that will do well if we have increased terrorism tension but what do you make of it all . I think so. Look, keep calm, carry on. To erins point, she is absolutely right if it was an economic target that was attacked a different story. That is not the case. This is very encouraging sign, if terrorists know they can launch attacks and cause chaos in the Financial Markets we would be in a world of hurt. I think market is reacting appropriately. We got good corporate profits. I dont want to be crass in the face of a horrible terror attack. The economy showing right signs and markets are moving along quite well, thank you very much. If we did react to every headline came out, negative headline like this we would be in a world of hurt. Neil gary, from orlando, no stranger to terrorism incidents itself, is there a sentence you get talking to people, that you know, were getting used to this sort of thing . Dont seem overly jarred by it . Were right, after 9 11, every movement, every development, was scrutinized and an excuse to sell . Its a good point. The more it happens unfortunately the more the shock value wars off. You have to remember markets factor in a lot of things. The main point is this, this is an incident. The incident happens. The incidents over. Unless there is something that happens again and again and again, and really affects commerce, it is really not going to affect the markets. Let me say this, if we were in bear market for stocks, i think there would be more effect to the downside but youre in a bullish phase, particular any in europe is very strong with the economy Getting Better with all the money printing. That happenses also. You have double effect. Not to mention you have the market with a certain finger sticking out at the bad guys for doing all this. I think markets talking. Neil you know, erin, there are you outside developments, we would be naive if we didnt mention them, you always remind me, and im lookin at president s budget today, a lot of his critics say dead on arrival, wouldnt go anywhere, but a budget that target as limited slice of containment in spending but so the biggest budget this country ever had. It could force a shut down later this year. It could be fancy. Do you share that . We have had come very close to the forced shutdowns. Neil indeed. Theyre always able to kick the can down the road until it is actually resolved. So my expectation being, based off of history, they always manage to have many so sort of a stopover. There are certainly tends to be a little more volatility during that period, some more uncertainty, but i would, i would be highly surprised if we actually get a shutdown. Neil ashley, back to the terrorism thing. Yeah. Neil you guys were mentioning is on stuart vneys show comes at a time people looking to go to concerts or events and might fly to europe, predisposed that is an effect and impact that will come later, what do you think about that . Neil, we talked about that, parents thinking of kids going to summer concerts. Do we go to europe for our vacation this year. This type of thing makes you think twice. We heard from Madison Square garden in new york theyre relooking the way they handled security. This attack in manchester, very calculated, cold way was done outside of the arena in the lobby area. This brings questions, we saw attack in brussels where it was outside the terminal in the airport there. These are types of things where it does make people think twice. As you know he, if you want to go to a concert, you have seen what happened in manchester last night, it makes people think twice about it. Neil gary, i will shift to the budget stuff, the fact that the administration wants to plan on 3 budget growth. Doable . Absolutely. I must tell you, neil, watching the press conference, i turned around to my staff, i said, where is Mick Mulvaney been all my life. It is about time they started caring about the tax i payer. I have to give you one little number. Last month, the taxpayer sent 34 billion to pay just the interest into the toilet. It went to nothing. This is the debt that has been built up by these people, that are complaining about trying to cut a little bit of the growth. Not cutting, just cuttg of the growth. It is absolute insanity. I hope they speak louder, i hope they fight as much as we can, we can no grow with this trajectory longer. Neil you seem upset. Gary, thank you. Good read on all the crosscurrents and developments. I want to take a peek at times square, a little bit of heightened security. Earlier when i was coming in, a lot of security, bigger police presence, theyre letting world know, were on it. If you see something, say something, of course in times square pretty much everything you see warrants saying something but were doing our job. More after this. Theres nothing more important than your health. So if youre on medicare or will be soon, you may want more than parts a and b heres why. Medicare only covers about 80 of your part b medical expenses. The rest is up to you. 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Youll be able to choose any doctor or hospital that accepts medicare patients. Whether youre on medicare now or turning 65 soon, its a good time to get your ducks in a row. Duck quack call to request your free decision guide now. Because the time to think about tomorrow is today. Neil cities not just across the globe but heightened alert. Around t block here in times square new york city, Connell Mcshane there wit abundance of caution and protection. Sir . Reporter neil, weve been here last few hours, feels like something weve been through many times before. When there are attacks somewhere else in the world you almost always see heightened security here in new york city if for no other reason as simple show of force. We see it again with the nypds counterterrorism unit. Some as far as lined up behind me in middle of times square. Every few blocks here in this particular area, so crowded with tourists weve seen that. Other areas of the city where people congregate, certainly happened in manchester, concert halls and like, likes of Madison Square garden which isnt very far from here youve seen stepped up security, bombsniffing dogs, those types of things set themselves up. Talking to people around here, weve been through this so many times in this city, big cities like this before, that to be honest, most people just are, have grown so used to it, there is not much you can do. You go on with your day. You go on with your routine and you dont change much. We did have interesting conversation, neil, a few minutes ago with marid couple in town as tourists from scotland and they happen to be flying back tomorrow, they were telling us to manchester, city in northern part of england, makes sense as you were going back to scotland. Theyre very impressed by the show of force. It mattered to them, made them feel more secure here in new yo. They were a little bit worried about going home speaks to a point you were making earlier in the show, a city, relatively small one like manchester is not used to dealing with this kind of thing. Theyre worried what they were going home to. They were impressed to see the show here. Neil fingers crossed, all that stuff, Connell Mcshane, great reporting as usual my friend. Lets take a quick peek how the markets are doing right now. We have the dow up about 45 points here right now. Interest rates and other phenomenon people are focusing on is the gap between two and 10year note. Without sounding arcane it has been narrowing an awful lot. Some people interpret that to mean continued slowdown which could be just what the doctor ordered. I will explain right after this. What we do every night is like something out of a strange dream. Except that the next morning it all makes sense. To power global ecommerce Fedex Networks are massive, farreaching and, yes. A little magical. Fedex. Com slash dream visit seadoo. Com today. We looked at this budget through the eyes of the people who were actually paying the bills. Yes, you have to have compassion more folks receiving the federal funds, but also you have to have compassion for the folks who are paying it. And that is one of the things that is new about this president s budget. Neil now, whether you like this president , you dont like this president , whether you like his, you know, pretty brass brass tacks, you know, budget director, you dont, the fact of the matter is, whether youre in the defense department, medicare, medicaid, very rarely to the folks who pay the bills also sometimes get something out of the budget as well. It is an interesting concept to look at a better than 4 trillion bum, the richest weve ever had, the biggest and richest country this earth has ever known and to start pick picking apart, are you getting your moneys worth . It is a different way to step back and say what about the folks who pay the bills . Are they all bills they should be paying . Are some bills out of whack . Its the type of thing that, well, trish regan gets into every singleay. And shes young. Trish you, you i love, i love being on with you, because you keep saying that, neil. Neil there you go. Thats me, we should look after the taxpayer. [laughter] trish shul absolutely, we should. Thats a real change in how we need to think about things. Neil cavuto, thank you so much. A manhunt is underway in manchester for any possible suspects, a senseless, heartless suicide bomber blew himself up killing at least 22 people including the terrorist and injuring more than 50 others. The identities of these victims are slowly coming in. We can confirm a little girl, just 8 years old, is among the dead. I am trish regan