Transcripts For FBC Making Money With Charles Payne 20160628

FBC Making Money With Charles Payne June 28, 2016

Globalization is made the financial elite who donate to politician, very, very wealthy, i used to be one of them. North American Free trade agreement right in cross hills this political season. In the general election it will be Donald Trumps issue, for the most part it looks to be the best way to win the swing stakes and the election. Talking about nafta, signed in 19 93, went into effect in january 1994, it was passed in the house 232200. At the time annual trade balance with mexico in 1993, we had a surpluses 1. 6 billion. Last year it was a deficit over 60 billion. Joining he now, boris epstein, steve moore, and matthew adam, boris, this to me is best speech i heard donald trump give when it comes to policy, lays out 7 steps where it would be corrected. This is a populist sort of issue of trade, this issue has been more from progressives than i have seen than i have from republicans, right now it resonates across board. Donald trump has won after in his career by being pragmatic, in this case, globalization is not working for america as a whole, specifically not the American Worker in pennsylvania, ohio, and michigan, all over west virginia, all over the rust belt. Donald trump is talking to those people, and also talking to the Bernie Sanders supporters. This isob and the deficit with mexico and china, huge. Charles matthew, populism but a lots of people say, good things have happened since the trade deals. Only recently have we seen the stagnant economy hurt workers across the board, what is your take on this . As an economic issue whether we need to go away from trade agreements. I think that global free raid is a noble ideal like world peace, something that Thomas Jefferson embraced. I think that generally these free trade agreements make us wealthier, but you know not all trade is necessarily good. I hope that is what donald trump is getting at, for example, we dont want to trade Nuclear Material with iran. Charles were talking about economic free trade, there are a lot of people saying this is hurting us, for example nafta goes into effect, january of 1994, pennsylvania had 876,000 manufacturing workers, last number that number was 565,000. Everyone is pointing to trade, we know that there are things such as productivity and robots, but as far as america is concerned the culprit is unbalanced free trade agreement. Shortterm it can get rid of jobs, on a long tck it makes us wealthier, times when it is popular, president george w. Bush imposed steel tariffs. You know, i dont know, not an economists, i cant tell you if they worked, but politically this is an effective way to get people riled up. You dont want too much in terms of tariffs though. You know it is a dangerous sort of razor you are walking on. Charles boris. Most economists say we had a Great Recession in 1929that era. Because of the great depression, and political tactics that were used at that time. Donald trump may be captures something with public sentiment. He is talking about is not imposing tariffs unilaterally. Charles he used the word tariffs a lot today, he said he liked uses that word then he backed down on it. He is not backing away from use are them. You should not back away. If china does not continue to too that we have to do something. Charles lets talk about china. I kind of think that currency manipulation thing is a little late, i think china was a manipulate or of currency but because they are trying to drive their economic economy from ex driven. Should focus be more on deals where we can go sell our goods and have intellectual property protected. It should be both. We are still at their whim, we cannot, the United States of america, be at the whim of china to define how we do economically. Hillary clinton caused this to really skyrocket when she was secretary of state. Charles i think that china joined World Health Organization in 1993. They grew a little bit slower percentage wise, numbers get bigger after. Two things with respect to china, and currency, where do we get off telling any currently they cant manipulate their currency when we trust printed trillions of dollars. We can try to influence them, but if china wants to deflate its currency, they want to make the yuan worth less that their pro rogge prerogative. You know you are starting to see chinese economy contract, they have hundreds of the ghost cities you may have heard about. Products of crazy Central Planning where there is always skyscrapers and nobody living in them. And final point, you cant blame you cant scapegoat trade for all of americas problems, a lot of the problem are obama policies, high corporate taxes, and obamacare, and a mess of other massive recessio reguly state that costs everybody, every day, these are what is hurting the u. S. Economy e. Trade is a part of it, but, i dont know that it is the lions share. Charles i think we all agree with that with respect to president obamas antibusiness you know that is why we are stuck in this rut, today, you know donald trump was in pennsylvania. I think you must have been in an aluminum plant, but, you know, some say, donald trump is actually has built building and rewritten blueprints it would help him avoid steel made out of pennsylvania, how does he reconcile not just making shirts and ties from china but sidestepping American Steel from the past. Because he is a businessman. He was not a public figure at the time, not president of the United States, he was a businessman doing the best for his business, shareholder, and investors and partners, he was doing his job. Charles he says other businesses are being unpatriotic. He can once he is in office, part of his plan, and other plans, make sure these companies are doing business in the u. S. , they are able to repatriot some profits back in the u. S. Charles im not sure both sides agree on it but we do. I asked why would you have a temporary halt on repit pay theration repatriation tax, i say get rid of it. The bottom line will come rushing in. There is just fid people are work are harder than ever and making less than they made in the past, people right now dont think that their children will do better than them, for a long time that was the unwritten promise, if i do the right things, the people that come after me, my kids, grand kids will have a better life than us, have we hit a natural apex there or can we bring it back . Something can be done, i think that Donald Trumps economic platform, kind of muddled as it is, is generally a good thing, lowering taxes and so on, that will kickstart the economy but we have to reduce entitlement spending, you know well have to tightennure belts on tighten our belts, on being a welfare state, these are working again us, making us poorer, we have to do something about national debt, he has an interesting idea, that might work about renegotiating national debt, right now while interests are low that is be explored. He has a lot of good ideas, i think that his weak estuary in terms of weakest area in terms of the economy is probably trade, but that is not so bad, we know that hillary is far worse. Charles we know that and we saw much more detailed plan today than im sure will be honed in more. Thank you very much. Thank you. Charles donald trump scaling back his tone, reevaluating some of his policies many think that could be key to help him win some of the voters who right now suggestion they will vote for Hillary Clinton, well talk about these with former Arizona Governor jan brewer, she is next, stick around. Get ready for the rio Olympic Games by switching to xfinity x1. Show me gymnastics. X1 lets you search by sport, watch nbcs highlights and catch every live event on your tv with nbc sports live extra. Im getting ready. Are you . X1 will change the way you experience nbcuniversals coverage of the rio Olympic Games. Call or go online today to switch to x1. Charles donald trump continuing his campaign, he now appears to be walking back a little bit on his position on temporary banning muslim immigrants. A speech last week on your response to terrorism shooting you said that countries individually blocked linked to terrorism. Terrorism. Would a muslim coming from scotland or great britain. Wouldnt bother me. As trump celebrates the british exit from the eu. Joining me, jan brewer, former governor of arizona. A lot of republicans think this is a key issue. Today paul ryan extending an olive branch to United Kingdom saying we should have a free trade agreement, how did you feel about the speech . I didnt get to hear the whole thing but i do know that donald trump is looking out for the best for the United States, you know, charles, bottom line we had these trade partnerships and nast anone have been proven to be successful for the working class in america. Bottom line, that i think mr. Trump wants to change our economy, he wants to bring jobs back to america. So people can move and grow here in the United States. It is unfortunate that we seem to make the other countries rich, we get poorer, today, people have not grown in their income. They have not advanced, bottom line we know that more people are being subsidized with food stamps than ever before in the history of our country, we need change, the people of america want hope, donald trump is offering that, i support him in that efor the effort, has it been so good so far . Charles i have to tell you, polls aside there is clearly a new trump, merging if you emerging if you will, even perhaps on this question of immigration. Is this something you welcome and want to see . Absolutely, i think well see him pundits say pivot, he has grown in to this position. And politics end of it all, he realizes now that the team is getting larger, bigger and more organized there are a lot of people with a lot of knowledge, that are surrounding him, giving him information, so he can make the right decision, unfortunate lets starting out, he was just a angry as everyone else, he was talking about these different subjects, did not have a lot of information on it, but now he knows that campaign has grown and success has been he has learned. Charles governor brewer, before we go, couple hours ago there was a major attack this time in turkey. A member of nato. Maybe could be a member ofs eu. This is an issue some voters in britain had was turkey entering. Who do you make of another terror attack at a major airport with many dead bodies laying oround . It is just devastating. The bottom line charles is that were at war, we are having a fight of our life. If we dont elect a president that will keep us safe, and protect us, we will be in the biggest holy war this land has ever seen, we just keep seeing it happen over and over and over again. It is out of control. Charles thank you very much governor brower. Brow brewer. Coming up, we want to talk about the breaking news. Two explosions at a airport in istanbul. Well have more details on that, what it means or american safety, and our election, next. Charles breaking news for you, today two suspected suicide bombers detonatedded themselves outside of a security checkpoint at turkeys international airport, reports that 50 people have been killed, dozens more injured. Joining me right new. Captain chuck ness. We start with you, turkey, the day before british exit vote there was an announcement that there would be an ex pediation of their entering into the eu, they are a member of nato. Many consider them an ally, were vi with an attack that takes lives of 50 people. Today is two Year Anniversary of declaration of the caliphate. This is a country that has been a loyal nato ally. But president erdogan is trying to changes constitution to move it more toward his islamist beliefs, this is right on the border with syria, we all know there is a massive civil war, and multinational food fight going on there with millions of people displac. Turkey living with the brunt of that it is just a big mess over there. And fact they have identified isis as the likely perpetrator does not surprise me. When you talk suicide bombers, you are talking isis. Charles although, hasn t there been reports that turkey has worked with isis. At least buying cheap oil from them . It gets so convoluted from time to time. Have you a porous and long boarder, you have people acting in their own best interest on a local level, if you can get oil you need cheaper, you will buy it. There were allegations that erdogans son is one ofs people who was a principal importer of the oil, those charges to my knowledge have not been proved. On a local level, they are buying and selling and trading across the border 9. Moustapha some sense of irony this happened on adda turk. Because there is you do to captain nashs point erdogan who is trying to shift back more to a secular society, what does this mean for the region, this seems to me we could see a deadly region become deadlier. This is reminiscents of brussels attack this looks very similar and coordinated. There was a kalashnikov attack by suicide bombers with airport authorities, this is starting to look like isis, it is still very early. Turkey has had other suicide bombings, it is dangerous. Yesterday the markets just started bouncing back this may propel them again. Charles we went down 50 after the news then grinded their way back up. I will ask you, first, muss mustafa, you mentioned brussels, were seeing airport perimeters and other key targets they go out further and further. I guess, maybe they mitigate the damage. But here, a security official i guess saw something, detonation went off earlier than it probably would have, but still 50 deaths, does that say that if they are intent on crcreates harm there is nothing we can do to stop them . There are a lot of soft targets, you can upgrade the security, you casurround perimeter with more security. At the end of the day when people are willing to give up their lives and explode a bomb, and die with it, there is really very little we can do. This is a sad day, turkey on the front lines of this almost 2. 95 refugees from syria into turkey. Charles captain nash, any idea on how we handle this with the soft targets . No matter what you will have a perimeter. It will be a perimeter that could be targets itself. Right. Whether it is a shopping mall, a sporting event, any place where people con congres con. It was quick degrees and hume 86 degrees and humid over there, if they were wrapped up in jackets that is probably what alerted security. Charles profiling, right, thank you so much, we appreciate it. Coming up, i speak with governor brewer about this donald trump changing his tone, even perhaps reevaluating his mu muslim ban, next. [vet] two yearly physicals down. Martha and mildred are good to go. Heres your invoice, ladies. A few stops later, and it looks like big ollie is on the mend. It might not seem that glamorous having an old pickup truck for an office. Or filling your days looking down the south end of a heifer, but. I wouldnt have it any other way. Look at that, i had my best month ever. And earned a shiny new office upgrade. I run on quickbooks. Thats how i own it. If were going to deliver real change, we have media leaks and political dynasties. Charles there are signs that donald trump trying to strike a softer tone when it comes to a variety of things, including immigration, and his socalled muslim ban. Muslim and nonmuslim. Absolutely, i dont want terrorists in the country, were not going to have it. Charles trump said there would not be mass deportation, and his immigration policy would have quote, heart. Joining me now, gabby, we start with you, i am not clear, and i have spoken to a couple of donald trump supporters, does it mean perhaps ban gets more selective with respect to targets countries . Or actually expanding it to include christians from those areas as well as overall temporary muslim ban . Well, it is difficult to say right now. Thosare the questions that need to be continued to be asked of donald trump. One of his top serogates could alabama governor Jeff Sessions said some country likely included would be yemen, pakistan, egypt, sir aircraf syria iran. His serogates are outlining specifics but donald trump don himself has been quiet. As we heard, that interview with john roberts would this apply specific 3 muslims or to people belonging to other relindons . Charles tammy, this is a central issue. That 46 between donald trump and the establishment g. O. P. , this is trade. This and trade, is it possible that amending his sort of broad 1. 6 billion people to a more select that could help resolve that. Were also getting off track, that it was never a ban, remember what first started this, the San Bernardino situation. And the Syrian Refugees that were piling in, we did not know what was going on,ing is is that we needed a suggestion is that we needed a temporary stalling of it. Charles is that not the current vetting, 18 to 24 months. That has also been changed, they. Ed to speed it up by end of the year it is now 6 to 8 weeks, the question, interesting that donald trump is being asked, i would love to have barack obama asked these questions, details they are insisting from him are interesting, i dont know if you can give these details until you are in the white house issue he is doing the best job he with the nature of the seriousness of this. Charles lets apply this to a couple hours in turkey ago, we saw another horrific scene at an airport, a large airport. Turkey is a member of nato, they may eventually become a member of the eu. A lot of dead people laying around a lot of people say what that is your immigration problem right there. We need to see what really happened first. Blew themselves up, weve seen this movie before. I get it, people thoughts and prayers to those in turkey. But that does not mean a muslim ban, i appreciate you changed language there a little bit tammy, he said temporary ban on muslim immigration, now if he shifts to 34 countries, it does not make you see scenes like two hours ago. It makes sense to be smart. One of the most beautiful things about america. Charles were not talking about changing anyones religion, right now, people turn on television, they see the horrific scenes, we dont want to here. I think a lot of people are saying, they are willing to take extra precaution. Absolutely, americans want safety and security, they know that trump is committed to keeping radical islamic terrorism out of this country, other side, Hillary Cl

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