Transcripts For FBC Making Money With Charles Payne 20161231

FBC Making Money With Charles Payne December 31, 2016

But will plan our further steps to restore russianu. S. Relations based on the policies of the trump administration. The russian president said he would not expel american diplomats as barack obama is doing with russian diplomats. Just moments ago trump brought us into the equation. Russians are playing msnbc and cnn for such fools, funny to watch, they dont have a clue. Fox news totally gets it. Formerred a adviser to former Prime Minister margaret thatcher. He was right about nbc and fox news, right . Of course. What do you make of this. First all, trumps reaction to what Vladimir Putin has done or says hes not going to do. Some of these tweets are a little bit cryptic. Donald trump is going to be taking office after years of failed policies in the Obama Administration. It started . Twine when we removed Missile Defense from our Eastern European allies. Russia has harbored people like edward snowden. They are a big supporter of the iranian regime, the Worlds Largest state sponsor of terrorism. These things have been happening for a number of years and the administrations response has been not to do much. But now we have these actions which to me are too little too late. I think trump can approach putin from a position of strength. I think thats what he respects. David dose say he wont retaliate and maybe will in some way . I agree with the points made by the congressman. We are dealing with an extremely dangerous regime. Vladimir putin is playing tricky games with the United States. Its important the administration not fall into the strap set for barack obama 8 years ago. The whole russian reset of the Obama Administration was an utter disaster. You have to project strength and resolve to the russians. David its early days net. Trump hasnt been inaugurated. But do you think trims falls naive as Hillary Clinton when she brought out that target reset button . I dont think president elect trump fills naive at all. And i dont think president elect trump is naive at all. He will send a clear message the United States will stand. You for itself on international stage. Thats been the key failure of the Obama Administration on Foreign Policy projecting weakness and indecisive steps taken internationally. The russian regime takes advantage of the american weakness. Its important President Trump send the opposite signal to the russians, that we mean business. David only in the business abroad, but business here. We have been weak economically. We havent grown over 3 in a single year since obama has been president. Trump claims and his advisers assure us he will grow much stronger. But at the very least, russia, we know is very poor off right now. They are in desperate straits. Their economy depends on oil and its way down. If trump can deliver on fostering more economic growth, which i think he has the fright formula for and we are able to be tough with russia, well be able to deal with them from a position of strengths. He has the opportunity to get positive policy outcomes. If we continue going the way obama has gone. I think you will see putin do more and more to upset the national order. We have seem cordial comments between them. Right now im not talking putin, im talking trump. Well see how some of this stuff happens onces actually in the oval office. Ill tell you when you see the things russia does behind the scenes, even apart from this election stuff. Their interests are not consistent with our interests, particularly somebody with Vladimir Putins world view. Someone will say maybe we can work with russia on terrorism. But they are a big supporter of iran who sponsors terrorism. Hes the type of guy who always wants to approach things from a position of strength. If he just does that. That will be a marked improvement over the Obama Administration. David what specifically, what games do you think he is playing in this dialogue between the Obama Administration and the trump future administration . I think clearly hes trying to split the two camps here. The incoming presidency from the existing presidency. I think its important at this stage that the United States is united in terms of sending a clear message that any kind of russian interest force involving u. S. Policy is completely unacceptable. Its important that wee maintain and increase the sanctions that are in place. Lets not forget, Vladimir Putin is a real snake in the grass when it comes to world affairs. His regime is a brutal dictatorship and tyranny. We need to keep those sanctions in place until the russians are out of crimea and Eastern Ukraine and georgia as well. And we should not under estimate the degree to which the regime in moscow is capable of acts of tremendous barbarism and hostility towards the United States. We must not trust russians one bit. David they killed americans. A forbes editor was murder on the streets of snos could you when he came out with an article talking about how his. Im wondering if the sanctions impose after they went into the ukraine and took over the crimea, i wonder if thats what all this dancing is about. It may be. Im totally happy to release sanctions against things that dont justify that. These getting out of crimea, if hes improving his behave year, then i think you can do a carrot and stick approach. But they have to show they are going foe change, otherwise we have to maintain sanctions. David the battle over obamacare. Afoot and lightheartd i take to the open road. Healthy, free, the world before me, the long brown path before me leading wherever i choose. The east and the west are mine. The north and the south are mine. All seems beautiful to me. snap achoo snap achoo achoo snap snap achoo achoo feel a cold coming on . Zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45 . Shorten your cold with a snap, with zicam. That i was ion the icelandic game show. And everyone knows me for discounts, like safe driver and paperless billing. But nobody knows the box behind the discounts. Oh, its like my father always told me put that down. Thats expensive. Of course i save people an average of nearly 600, but whos gonna save me . [ voice breaking ] and thats when i realized. Im allergic to wasabi. Well, i feel better. Its been five minutes. Talk about progress. [ chuckles ] okay. Anything with a screen is a tv. Stream 130 live channels. Plus 40,000 on demand tv shows and movies, all on the go. You can even download from your x1 dvr and watch it offline. Only xfinity gives you more to stream to any screen. Download the xfinity tv app today. David president obama has only a couple weeks left in the white house and hes making a lastditch effort to save his healthcare bill. Joining me now is heat street political director Gillian Melcher and gina louden. Gillian, what could obama do to keep this thing alive . It will be a tough thing to do. David how . I will be interested to follow the details. The republicans biggest Political Risk is they could repeal it within 100 days, but what comes next. If they repeal it and it takes months or years for the fix to kick in, they will lose on that. David president obama put up some roadblocks and thats what hes intents on doing. The democrats are clever about constructing these roadblocks. Mitch mcconnell has been around for a while. Paul ryan, people will say he has been fooled on budget issues before. But isnt it possible they will be aware of a tricky thing to get them to dismantle obamacare . This can be summed up with a lame duck 2minute drill. This cities just another trick, another flow by the president to try to influence beyond his term. David do you know what that ploy is going to be . Is it going to be several different measures . I think that the republicans need to make sure they do repeal it, have a reasonable grace period which can be strategically used to put pressure on the democrats to come to a bipartisan agreement as to what the replacement will be. So they cant filibuster. They have to get it done. David ill tell you one thing they are going to do. They will use their friends in the media to come out with horror stories. Horror stories about how Sick Children will lose their coverage, how people with long standing conditions will be dying in the streets. We saw this before, remember when welfare was being downed a democrat, when welfare was being changed in the late 90s under bill clinton working with a republican congress. We saw the same kinds much reports. Well see that en masse in the next year, will we not . You are absolutely right. They are still in Campaign Mode which is fascinating from a psychological stand point. This is a Marketing Strategy meeting. The democrats are used to being able to come out and call republicans every name in the book. Jump on people like Lindsey Graham and john mccain who are used to howed the establishment functions. Call him a racist or homophobe store antichild and get away with it. I dont know if its going to work, and heres why. Most of us who experienced obamacare to the degree we have had. You feel like cattle in a cattle call. Nobody likes the way things are. People want to take it back to the states and a more private system. David people want individual control over their healthcare. They want to be able to choose their doctor, their Healthcare Plan and get the best deal they can. They are going to be increasing choice and availability. I think the point he can win with is young people. If you look at arizona. Somebody 2 years old buying healthcare on these exchanged, they are paying 400 for their coverage. They will opt out of that. David the good thing about the attempt which im sure will be made by the media to support president obama and obamacare, it didnt work with welfare reform. People knew specifically that welfare was not working and was creating a sense of dependency. We had more people on welfare, not less. Welfare made it with a democratic president and congress. I think the dismantling of obamacare will make it as well. Americans may not note law, but they do know math. The premiums have skyrocketed. The administration is making it about politics and the republicans want to make it about math. The premiums need to be reduced and we need to be able to afford more options for americans in seeking healthcare. We have seen situations this year where some states are left with one provider. That increases premiums. David the less competition you have, the worse service and higher prices. You mentioned media and thats true. Look for him to use judges and bureaucrats. David thats true. The judiciary, they will be used. Major averages struggling today. But for the year they are posting huge gains for one particular reason. Well break it down coming next. As a control enthusiast, im allbusiness when i travel. Even when i travel. For leisure. So i go national, where i can choose any available upgrade in the aisle without starting any conversations or paying any upcharges. What can i say . Control suits me. Go national. Go like a pro. David the mainages have ended in the red today, but its been a stellar year for stocks. Particularly after november. The dow was up 13. 5 . The laggard, the nasdaq was still up 7. 5. Joining me to discuss some of the years best performers. The fiscal times columnist liz peak. And lee munson. Lets talk about the winners in 201. I would say they in 201. 16. Im talking about Carbon Companies and financials that broke through some of the regulations. Thats the name. They are talling it the trump train. Dont forget about smallcap value. All of those have done well. We have a huge runup in banks because they think they will have regulations and taxes cut. Coal companies, i dont buy that. And then we also have pure texas tea. A lot of my retired baby boomers love that. Charles payne in london isnt just taking his wife and kids there for vacation. Ask a london banker, they will say we love your u. S. Banks and your potential. And they cant afford to buy our stocks because the dollar rallied. David lets talk about the sense of optimism. You just said it before we came on air, you said absolutely. Its such a change in attitude among people involved in business. Absolutely. One of the great Untold Stories about the last 8 years are the big hostilities the Obama Administration had toward our businesses. Anything that was doing well found itself under regulatory scrutiny. David the Small Businesses are squeeze harder by regulation. The impact has been greater on small business. And i think one of the reasons the russell is up so much is trade policy from trump which is something of an uncertainty doesnt impact them as much. But the lighter regulatory touch will be helpful. I dont think the market is caught up with whats really possible here. In 1981. August, 1981, Ronald Reagan passed the tax act and cut taxes. That was the same month when ibm came out with the personal computer powered by intel with software by microsoft. Companies people hadnt heard of. Might the same kind of extraordinary invention and creation of new industries happen . It certainly could. And i think back to that ibm introduction. At my firm on wall street we had the number one ibm analyst who projected boldly maybe at some point in the distant future half of american households would have one pc. As we know that was completely off the mark. What we are looking at is optimism that drives consumer spending. But most important in this era it will drive business investment, and that has bent lagging indicator in this economy. David we only have 15 seconds, im sorry to do this, but do you think its possible we might have the introduction of a whole new industry as a result of all the new incentives . Of course it is. This is america. We are going into a probusiness environment. Pick the fruit but take some profits out of small cap, stay invested and buy the dip when you see january volatility. David for more on markets tune in tonight or wall street week. And we have a special guest. If you will ex kielts, a little introduction to myself. I join the crew to talk stocks and my own market picks. Turning to another page, the va is under the microscope after a scathing report illustrates the atrocities being carried out behind closed doors. You havent heard this before. You dont want to miss it coming next. There are new va horrors unveiled. Combined with another part. The opioid addiction. The agency has been over prescribing painkillers and then there is an abandonment of soldiers as they battle for their lives in the addiction. Despite being the largest civilian Government Agency over 180 billion. They had been hampered by an onslaught of bureaucratic obstacles leaving them to fight for their lives. This is just extraordinary that i can kind of understand i think what will happen that they come into hospitals for one reason or another because the va is so poorly run the doctors just throw out painkillers. Is that pretty much what happens. Being an infantry or the combat arms possession demanding profession. You see a prescription of painkillers and thats usually where it starts and then it continues when the veterans are handed over to the va system its been an over prescription for a long time. Without the attempt to break the addiction. And then once theyre out they continue with the addiction. Cap you seen it. Amir reading that i served with was injured in the service he injured his knee while trying to become an officer. The va at mana a painkiller regimen. He missed some appointments can get his prescription re filled. Refill. He actually got addicted to heroin. And as of today and hes sitting in jail. It is an unfortunate situation that is far too common across the country. We started out by mentioning. The largest civilian operations hundreds of thousands of workers 170 billion this year thats how much we pay for can we at least provide something for addicted veterans . It has the largest budget next to the dod. It gave itself the biggest black eye. It still has not been able to do the record support. They have a lot of hard work on this. They had been supporting the va. Theyre just not getting the job done. There are thousands of outpatient facilities. Why not do the trumping. It would eventually be one of the bad ones. We do need to have the avenues. It gets very sensitive about it. We already have privatization. It doesnt work correctly. We absolutely need to provide private care when the va cant provide it in a timely manner. We do need to look at care where they could still hold it. They are not languishing other. Are you for it . We are far more choice. I dont know if the voucher is the best way to deliver it. We agree with president elect trump that every veteran uses the va and has access should have the ability to choose whether or not to choose the private sector. They should be able to choose their doctors. Unfortunately out here in washington dc. There is a lot of resistance out here and they have the bureaucrats. Its the bureaucrats we want to get out of the way. And the patient and get the best possible. Drain the swamp is another expression we had used. Good to see you both. Thank you gentlemen. Coming up automation is taking over. Are you at risk of losing your job to robot. The number of Police Officers killed on the job many Big Companies like amazon are using more robots and animation. Contradicting what experts have been the same about automation stealing fox news hillary mann joins me with details. A lot of people think robots in the workplace mean less workers but a recent study shows that while it has led to about a 6 decrease in jobs they predict that same technology for years from now will grow jobs will grow jobs by about 5 . It wont have net unemployment. Its that some jobs will be loss and other jobs it will created. Economist we talk to say that while automation has decreased some jobs in

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