Transcripts For FBC Making Money With Charles Payne 20170814

FBC Making Money With Charles Payne August 14, 2017

That failed to look. And i mean look out for their interests. Lauren wall street shrugging off the president s comments even as china reportedly is threatening a trade war with the United States in retaliation. More on what this means for the market and your wallets. First we go to adam shapiro who has the details from trump tower. Reporter the president when he comes back here later this evening will be continuing his working vacation. The protesters gathered to protest the situation in charlottesville and in a way the china policy. The china policy is designed to put pressure on china to put pressure on north korea. Some of these protesters are concerned about the escalation with north korea and President Trump. Before he signed the order of an investigation into chinese trade policies he said this. You are empowered to consider all avail and options that your disposal. Well safeguard the trademarks, copyright and intellectual property thats so important to our prosperity. Reporter this angered the chinese who said this group could poison the trade relations. But he also picked up an ally, herod brown, a democrat. He said i look forward to working with President Trump and his administration to reso the our trade policy so it works better for American Workers and manufacturers. This is what will greet President Trump in three hours when he comes back to new york. Lauren adam shapiro, thank you for that report and showing us that crowd of protesters outside of trump tower. Lets bring in the panel. We have gordon chang, the author of the coming collapse of china. Good to see all of you gentlemen, happy monday. Let me begin with you, gordon. This an investigation into an investigation that the president is suggesting. Is he right . There needs to be some action on chinese intellectual property. The tine ease take 250 to 300 billion a year in u. S. I. T. Having an investigation to see if we need a section 1 or 3 investigation doesnt make sense. And we dont need the 301. We know what the chinese have been doing. We should directly go to remedies. Under section 301 there are a lot of remedies President Trump can impose on the chinese which is clearly criminal behavior. Lauren this would be the administration trying to Leverage China to help them with the north korea threats . Ford the president said the probe is unrelated. The president has given president xi a lot of wiggle room. This is an indication wants to turn up the heat on china and make them think about it. As everybody on this panel knows, with north korea we are running out of time. We need china to fix north koreas behavior. Lauren lets say we get into a trade war with china. Do you expect china to retaliate . And how would that affect american consumers. It will be retaliatory. It will go both ways. Most of know im an outspoken critic of the trumpian rhetoric on this subject. But in this particular case, i agree with my colleague. This is the one area they are painfully guilty of. The area of currency manipulation he backed off. The repercussions of prosecuting that claim are worse. In this particular case there are stipulations in place as to what they can do. The whole thing right now is more political. You see Sherrod Brown coming in it keys up both sides to get credit. But ultimately i dont think there is Economic Impact until it goes to someone with teeth. You want to start a trade war with china . You put tariffs on aluminum and steel. The 301 probe could last over a year. This is a dance to force chinas hand on north korea. But you will be hard pressed to find a trade expert. Trump is standing up for American Companies and the american worker. Lauren part of the reason for his victory is he appealed to the rust belt and got their support. If you look at the u. S. Trade deficit with china. Its 350 billion. Added services is 309 bill. We have been running persistently for trade deficits in the 300 trillion range. We are in a trade war. Its just that the chinese are fighting it and they are not. We have got to also wage. There is going to be fallout for this. You cant pursue bad trade policies over the course of decades and expect there are only good solutions. The question is what is good for the United States overall. This is something that has got to get done. Its an america fir policy we have seen from this administration. We are also hearing from senator chuck schumer, a democrat. President trump talks tough on china. They are daring them. The currency issue is the best example. By no means is President Trump the first to have jaw boned on that. Labeling china a currency manipulator carries more consequence to us than it does to them. President trump who has prevailed. Im not senator schumer is daring President Trump to go forward. In this particular area, they announce the investigation, then they go. We have self steps in the process. Lauren what do you see as the future of what was announced today . Ford we dont know. Well find out where this probe goes. But you have to ask yourselves a simple question. Given whats happened with intellectual property, you would be hard pressed to find a trade expert who disagrees with trump. Why hasnt someone does this in the last couple years . This is where you start because no one disagrees with it. Its that simple. Lauren now is the time to do it gordon. We should have done it 10 years ago but at some point we have got to do it. Though well bear costs, we have to do this. Lauren thank you, gentlemen. Coming up, what was a political victory for the president. China stepping up and agreeing to sanctions to curb the north korean threat. Is that in jeopardy after President Trumps latest move to sanction beijing for allegedly stealing technology. Well discuss next. Dont let dust and allergens get between you and lifes beautiful moments. 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[ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Lauren is make unprecedented moves to curb the north korean threat. All this unfolding as President Trump announces an investigation into beijings trade policies which critic worry will affect chinas future role in curbing the north korea threat. Joining us, michael and mikala. In the wall street journal oped today we heard from the defense secretary and the secretary of state saying we are ready to respond should north korea provoke us, but we need to pressure china more. What can we do . We are rear assuring our allies in the u. S. And japan that we are there for them. This message from tillerson and mattis today, what i liked about it, they said we are changing the strategy of strategic patience to strategic accountability. Is the u. S. Trying to force regime change . In this oped they said they were off the table saying they are not there to change out the regime. We are just there to make sure they dont develop a nuclear capability. At some point it need to happen. Lauren the chairman of the joint chiefs of staff meeting with top leaders there to explore a potential military option, also to assure south korea we are on your side and well make sure you are safe. But in this potential military intervention, what what it look like . It would be a difficult endeavor. And the path there and out of there would not be very pretty. Its very important for us to clearly articulate what our game is as far as north korea goes. And im glad that we are developing options. Im glad we have systems and military and economic options in place. Lauren over the weekend it seems calmer heads prevailed, hence the market was up today. But defense secretary mattis said well know within moments where a missile coming from north korea, where its going to land. And should that happen, its quote game on. Mattis is the warrior monk. He knows how to say thing. Kim jongun hinted we may not be able to hit guam, the trike would be off the coast of guam. That may be something our Defense System sees the missiles wont come anywhere close to it. And that gives us a stand down option. But like mattis said if it goes towards guam, game on. South core reran media reporting kim jongun has been briefed on an attack near guam and he will examine the plan for a long time. Should we in the u. S. , should un act on this plan and say we are going to fire a missile near guam. Do u. S. Missiles have the accuracy to strike their intended target . If there is a launch on to guam or guam that threaten u. S. Forces we should strike the missile back. I dont think we would do it if it phase or if it falls into the sea. I couldnt think we would i dont think we would use our missile assets in the area. But we should shoot it down if its headed towards americans. Lauren michael, do you believe we have not only the ability to launch a missile accurately if need be and our equipment is modern and where it needs to be. But do we have a tha do we he the thaad system up and running. We have done two tests off the coast of california and we demonstrated that capability . Lauren accurate . Accurately. Its whether he conducts an artillery strike on south korea targeting seoul. He holds south korea hostage. Lauren 25 mill people held hostage and hanging in the balance. One of the reasons general dunford is in the region today. Mikhaela, i know you dont have a critical ball. But how do you think this winds up. We see the provocations on both sides. Escalating monday night. Put this on the calendar tomorrow or tuesday. It is tomorrow in korea. Its also their National Liberation day. Is that prime time in your fin for perhaps a missile launch. We seat protests in new york city in front of trump tower as we await President Trumps arrival to new york city. Arrests are starting to happen. Adam shapiro, what are you hearing, what are you seeing . Reporter the arrests havent begun just yet. I want you to see the large police presence. What the new York Police Department has been announcing over loud speakers is pedestrians are forbid on come into the street and block traffic. Traffic is blocked. But pedestrians are also forbidden from blocking the side streets. There were pedestrians or protesters who blocked some of the side streets and they made the announcement for those people to disperse. But what you can expect before President Trump arrives, perhaps the protesters will become a little more aggressive and willing to be arrested and they wont be listening to the police. You see Police Lining up along fifth avenue in preparation for the president. You hear the nypd on the loud speakers say there will be arrests if you dont move. Lauren where i am south and west of you. We can see the Traffic Building up as people trying to get home, its rush hour. Trying to get around that situation. Adam shapiro thank you. Excuse me, are you aware of whats happening right now . Were facing 20 billion security events every day. Ddos campaigns, ransomware, malware attacks. Actually, we just handled all the priority threats. You did that . We did that. Really. We analyzed millions of articles and reports. We can identify threats 50 faster. You can do that . We can do that. Then do that. Can we do that . We can do that. Can we do that . I needed something more to help control my type 2 diabetes. My a1c wasnt were it needed to be. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its suppose to do, release its own insulin. I take it once a week, and it works 24 7. 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Is trumps evengoersment of Luther Strange a game changer . It is a game changer. But its about Mitch Mcconnell. Strange is a conservative. And other people are supporting the antiestablishment conservatives. So donald trump siding with Mitch Mcconnell is a game changer. Its hard to say what will happen tomorrow. Lauren you bring up Mitch Mcconnell because his super pac funded 8 million in attack ads against mo brooks and moore. Tell me about working with Luther Strange. Ford Luther Strange always great candidate. Hes an alabama business conservative. Here is the problem. Since i last worked in alabama there have been tectonic plate shifts that have gone not state. You have a social conservative. And a business conservative. He and moore will make the runoff. Then you have to have 50 to be the nominee. The question is whether Luther Strange can consolidate the other candidates. Donald trump believes strange will play ball with his healthcare and tax reform strategies. Lauren emily, ford summed it up perfectly for us. Do you expect a big turnout tomorrow . Big turnout tomorrow i would expect. Donald trump won alabama by a lot. So hes popular there. When you are looking at what his endorsement means. He could get people to the polls to vote for strange who may not come out otherwise. Ford if Jeff Sessions goes down and rallies the base, Luther Strange will work. If not, roy moore could be the next senator from alabama. Lauren President Trump condemning the violence in charlottesville, virginia. Well have the details next. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Why should over two hundred years of citi history matter to you . 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Potsch and best of all, this new truck is actually gary all laughing oh my. Potsch the current chevy silverado. Gary im speechless. Gary this puts my ford truck to shame. James ill tell you, i might be a chevy guy now. laughing lauren lets bring you breaking news, President Trump just tweeting his travel plans for this evening, leaving for new york city, with meetings

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