Transcripts For FBC Making Money With Charles Payne 20170718

Transcripts For FBC Making Money With Charles Payne 20170718

Adam shapiro joins us with all the details. Reporter its important to know in regards to tax reform, they have always been on separate tracks. Tax reform will be guided by what will eventually be the 2018 budget resolution in the house and senate. Tax reform according to chairman kevin brady of the ways and Means Committee not in jeopardy. But with healthcare, you saw what happened today. Lets look at the three nors who for lack of a better term killed the repeal of obamacare. Yet there may be at the end of the kay the ability to come together, democrats and republicans. Let obamacare fail. It will be a lot easier. I think we are probably in that position where well let obamacare fail. Im not going to own it. The republicans are not going to own it. Well let obamacare fail and then the democrats will come to us and say how do we fix it or come up with a new plan. Reporter the democrats are quick to shoot back saying the president wants to sabotage income the United States. The president s path which is simply to sabotage the system and hurt millions of people, make things far worse than they are today, is not an acceptable choice. And i hope our republican colleagues will realize that. Reporter Mitch Mcconnell promising there will be a vote on the record to repeal obamacare, even if its destined to fail, he want it on the record. Gerri congressman louie gohmert, a member of the Freedom Caucus joins me with more. I watched this and i can feel the pain of the American People watching congress and the senate specifically here just incapable of coming to agreement on what time the sun might set tonight. It seems like they cannot find Common Ground. I thought the most of famous job came from the Vice President , he said, just do your job. Thats being echoed from the west coast to the east coast, from the north to the south. Do you feel that heat and think congress should get it act together . Absolutely. The reason we got the majority back is because we were promising if you gave us the majority we would repeal obamacare. Been saying that since 2010. And then in the last session, the last congress, we passed a repeal of virtually everything. The house passed it, the that passed it, and the on thing we were left needing was the presidency. Now we have got the presidency and the president himself said if you will just pass the repeal bill ill sign that and then well work on the replacement. Its important to remember though gerri the house of representatives put a repeal through 50 times. Dozens and dozens. Gerri and where are we now . Thats the point. Some of us believe and i think the Freedom Caucus is all there. The senate cant take up the bill that we passed and sent down there, then lets go back to what we know works. Its important to remember, before obamacare, 75 or more of the American People were satisfied with their health understand and their healthcare. Wouldnt that be a nice change from where we are now . That would be big, just to repeal it. Gerri thats going nowhere in the senate. Thats a nonstarter. Think about it. If we tart pushing and the American People tart pushing. Get a vote on that bill you did in the last congress. Would you want to be the senator that voted for the repeal last time and now says now that it counts im not going to . You will lose your seat the next election i would imagine. Gerri its a great question. What i dont unis how we come together, how our representatives in congress contact. You have seen what happened in the senate. You see capito and collins saying no. Where is that Common Ground . What is that magic coming together . Is there an issue . An item . Is it spending . How do we thread this needle . We have done it before lets bring back the bill we all voted for and vote on it again. And god help the one who voted different than they voted when it was going to be struck down by the president. Gerri are you suggesting the house bring repeal back . You bet i am. Gere require not before the senate, whats the point . We just heard from senators saying they are not going to vote for it. There have been a lot of people around this building who said they wouldnt do this or would do that, and when they had to vote, lo and behold they found righteousness and did the right thing. We just got to push it. Gerri thanks for coming on today, i appreciate it. Thanks for bringing focus to this. We cant give up. We have got to do this. Gerri for more on the impact the gop bill has on the overall agenda, our panel joins us now. Jenny beth, ill start with you. You heard me railing on the senate and the congress about their inability to get anything done. We have a budget coming out of the house and they are already disagreeing on that . The country has to move forward. How does it happen . The way it will move forward is for congress to pass repeal of obamacare. The senate has to act. They have to pass repeal of obamacare. They can go back to the 2015 repeal bill and vote for that. The three senators who came out today and said they would not vote for it, they voted against obamacare when it first came out, then they voted to repeal it 50 or 60 times, now they are going to protect it . Do they think that will fly with the voters . Its not going to fly. Especially when the voters know they are exempt from obamacare. Its time for them to exempt the rest of us and repeal obamacare. Gerri boyd, is it as easy as bringing up a repeal vote . If that were the case, wouldnt it have happened earlier . I think jenny beth is right, we need to get that repeal in where we can go back and do what every member of congress promised to do, which was get something that would work for the forgotten man and woman in america. The current bill doesnt do that. But they need to get back to does this help the forgotten man and forgotten woman. They put mr. Trump into the white house. Gerri i think we are all feeling like the forgotten person. What are they doing . Madison, i want to focus on tax reform. That to me is the thing that will bring this economy together. This is what we are all waiting for. It gives more momentum to the stock market. It will put people to work. Is this on hold . The white house says its pushing it forward. Republicans are not getting 100 behind the agenda of President Trump. President trump ran to change america and make America Great again. We are seeing republican senators who have been in office for many years. I remember being a Young College student in 2010 when obamacare was passed. Senators said they would see that it was repealed and replaced. Until they get it done, im not convinced they will make the changes we the American People want to see. Gerri i asked the question on my facebook page, what do you make of this . Whats going on in washington . I was slammed with reaction. Here is what jew did had to say. They are worthless. Im ashamed to admit im a republican. This is not the Republican Party i was proud to join. You can give the Republican Congress a 5,279 head start in a oneway race and they would still screw it up. Jenny, you are with the tea party and you understand how people in the real world get frustrated with inaction. What are you telling people who are tea party pals of yours . I have had thousands of people emailing me since last thursday with those same comments. Pick up the phone lines and call republican senators. You know they are exempt from obamacare and you want the same exemption. Then call the white house and ask the president to use his trump card. He can get rid of the congressional exemption of obamacare. Make it effective october 1 and give these congressmen and their staff and the senators to act. That will put pressure on them if they feel the same consequences we feel across this country. Gerri i love your activist approach. Taking the bull by the horns. I think we need to do that more often. Thanks, panel. Good job. President trump turns to a new trade deal with mexico and canada after the collapse of the healthcare bill. Well have the details coming up. Today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. [vo] progress is seizing the moment. Your summer moment awaits you now that the summer of audi sales event is here. Audi will cover your first months lease payment on select models during the summer of audi sales event. Im the one clocking in. When youre clocking out. Sensing your every move and automatically adjusting to help you stay effortlessly comfortable. There. I can even warm these to help you fall asleep faster. Does your bed do that . Oh. I dont actually talk. Though im smart enough to. Im the new sleep number 360 smart bed. Lets meet at a sleep number store. Gerri the Trump Administration unveiling its goals for renegotiating nafta. Issuing a broad plan for how it hopes to rewrite the terms of trade. But his nafta plan is drawing criticism from business and labor groups. Joining me is the chairman and ceo and Arizona State treasurer who is a member of the donald j. Trump advisory board. Eric, ill start with you. We talk about nafta and transforming trade in this country. And so many economists and Business People get up in arms. But this is an agreement thats 23 years old. It seems to me the goals that were originally in place have been met. Isnt it time to do something with nafta . I think in reading over this document, it still is a bit of a black box in terms of what they are going to do thats going to drive the under lying forces behind what president obama was campaigning for, which is how do we bring jobs back. Many of these jobs that have been affected by the macro economics. Many investments have been made in mexico and certainly in canada, but largely mexico. I dont know there is anything i have seen that is going to make a meaningful difference, a largescale difference to bring jobs back, and thats sad. It doesnt go far enough. Its possible the Trump Administration will do that when they negotiate. Gerri jeff, i think its a good point this is one of the promises of donald trump. He was going to level the Playing Field. When you look at the economics of mexico and canada in the wake of nafta passing, mexico is growing like to gang busters. Thats economy is so much bigger. They realized the hopes and expectations of nafta and china kinds of puttered along. Isnt it time to level the Playing Field begin . Politicians have been promising to fix the problems in nafta for 23 years. But president obama is the first one to have the guts to address it. And he did campaign on doing this which was very, very popular across the industrial parts of the midwest where they lost a lot of manufacturing jobs to mexico. If you go back to when nafta was first drafted. Then president ial candidate ross perot predicted a giant sucking sounds of manufacturing jobs would be lost and he was right. Dont forget the original nafta being written when it was doesnt include Digital Music or ebooks. So there are a lot of things that need to be includes. The trade deficit we have with mexico, thats certainly not nothing. You say that its unclear what this trade deal would do. But isnt the number one goal reducing the deficit with mexico . It is. But i dont see practical things. Intellectual property. Thats not a big issue it is with china. So its a preliewfd what they may do with china. What are they really going to do . Where is the key . Where is the meat . What is going to change the ceo mindset of the United States that will cause things to be different . I dont see that. President trump is addressing nafta, thats a great thing. But lets put more teeth tonight, lets put more punch in it. Gerri thousands of people may be freedom of their student death after vital paperwork goes missing. Well explain coming up. We always were told we were german. We were in a german dance group. I wore lederhosen. So i just started poking around on ancestry. Then, i decided to have my dna tested through ancestry dna. It turns out im scottish. So, i traded in my lederhosen for a kilt. Gerri sources telling dow jones that Discovery Communications and Scripts Network interactive are in talks to combine. We dont have any details. Hopefully well get a few more nuggets on that. 5 billion in Student Loan Debt may be wiped away as the companies who hold the loans dont have the accurate paperwork on file. Jesse, madison, start with you. Such an interesting story. So whats going on, we have a lot of students who took out private loans, and these loans were purchased by investors. They were sliced and diced and sold as bonds. Now they dont have the underlying paperwork. So judges wont go after these people when they dont make their payments. What do you make of this story . Its a shame they didnt lose my student loan paper. We need to look at Student Loans in general. It has accelerated at such a high rate that its become a burned for students and the u. S. Economy. . There is over a trillion dollars in Student Loan Debt. This is as huge problem with many young people being forced to delay things like purchasing a home, getting married, starting a small business. This is just a negative for the country. By looking at federal and private loans we can improve on this. Gerri im sorry to interrupt madison, Senate Majority leader Mitch Mcconnell just declaring from the senate floor, well have to vote on the motion to proceed to repeal early next week. He said this was at the request of the president and Vice President. So next week that repeal vote coming up. Well probably have more details on that as well. Going back to my panel on this student loan crisis. When you boil this down, it looks so much like the mortgage crisis. This is exactly what happened. We had this problem with the loans, they couldnt find documentation and people ultimately were able to walk away sometimes from a lot of debt. It looks like that may happen here. The trust has lost the chain of ownership. They did a random sampling of 400 cases and didnt have the chain of ownership. It ends up targeting people who are disadvantaged to begin with. This will be problematic going forward. You could potentially see hundreds of people getting off the hook for the debt. Gerri they end up in court because someone fails to make a payment. Then the trusts who own the debt sue. But the judges say you cant proceed because you dont have your dawmenddont have your doc. We have people like you with Student Loan Debt, 1. 4 triout there. And they are trillion out there. And joe down the road, maybe his debt just goes away. Its not fair, its not equitable. How do you think people will respond . I think its a frustrating situation for everyone involved. A lot of times they came forward with falsified paperwork with the mort gaining crisis. It will be interesting to see if they do that here. It will allow these people most of likely to get off the hook which brings us back to the question of should these loans be sold over and over again. Gerri the debate pitting business versus National Security. Which one is more important . Well talk about it coming up. You totaled your brand new car. Nobodys hurt, 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. Potsc in unison drive russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch the bed is made of highs

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