Transcripts For FOXNEWSW Your World With Neil Cavuto 2017062

FOXNEWSW Your World With Neil Cavuto June 29, 2017

Senators. With no agreement in sight and Mitch Mcconnell hoping to have a new deal by friday, some are imagining a different end game. Senator rand paul suggesting that the caucus break up the repeal and replace bill into two bills. I think half of them want more money and half of them want less money. Thats why it doesnt work to have one bill. Every time you stuff more money in it for the moderates, it offends the conservatives. So far Republican Leadership is using an Old Fashioned approach using side deals, which is to say dividing up the savings from the health bill among the priority of senators. Such a deal could feature 45 billion to address the Opioid Crisis up from 2 bill in the draft. That would be a win for rob portman. And because conservatives like paul favor Health Savings accounts, leaders are allowing consumers to tap their Health Savings accounts to pay for insurance premiums. Its not sure it will get passage. Vice president pence meet oneonone with republican senators that voiced objections to the draft bill. While washington reels, wall street stumbling today. The dow by late day down 167 points on a tech sell off that cant be helped by big delays, reforms promised by the administration. As i toss it back to you, neil, the treasury secretary, Steve Mnuchin this afternoon, giving the market a turn around when he said that tax cuts will be coming. Yet again saying theyre going to get it done. Well wait and see. Eventually you have to follow up on that. Thank you,gerri. Did we start something when we had mark fauber here . Hes famous like a market bear. He puts out a report called the dom and gloom report. That will tell you where hes coming from. Hes widely respected and his analysis on our show is that were headed for something bad because technology is going to started imploding and then the rest of the market will follow suit. Many might disagree. But when mark fauber said it and put numbers to that, people paid attention. Take a look. Why are you so bearish . The nasdaq is at a new alltime high. Its exceeding the high of the 2000s, but driven by stocks are not even in the index in 2000. Technology is vulnerable to innovation and new competitors. Shepard what he was saying fact that he sounds like a james bond villain adds to the angst. I know it sounds more like arnold schwarzenegger, but the gist is this. He sees a 40 hit in the market, which would essentially be like halfing the dow if it would happen. Not everybody agrees it. Days like today are more an aberration than a sight of things to come. The host of making money Charles Payne joins us as well action trader larry there sfg alternatives. Larry, you talk on what fauber was saying. Were not only due for this but overdue for this. What do you think . Well, i think the last two days were due for it. Saying its not about fundamentals doesnt provide a lot to the guy that has the Semi Conductor stocks. Theyre down 40 . The super text stocks have been treated liked they were some type of safe haven or a staple issue. When you have tenyear yields, 214 monday, 227 four days later, what goes up must come down is being treated like a staple. So be it. Thats what were seeing today. The washout due to the yields going up. Neil Charles Payne, a couple hypotheticals here. I know Steve Mnuchin and others say theyre optimistic of getting the agenda, the healthcare rework cobbled tomorrow and maybe scored by the cbo next week. Soon after that, a vote. Hearing that the tax cut plan is still on for the fall. What if none of that comes to materialize . What if this is more 2018 if were lucky 2017 . The imf answered that question of all people when they lowered this years forecast for our gdp to 2. 1 . Next years forecast to 2. 1 . Solely saying the trump in the economic agenda the reason for doing that. They raised it big time at the start of the year. What i thought was great about mnuchins comments, he avoided the healthcare thing. Le said were going to get some form of tax reform with or without healthcare. The market erased 70 points of its loss at the time. Wall street wants to hear some of this agenda will be put on the board. I dont want to go into odd developments. Id be remiss if i didnt mention this tweet storm the president has started targeting, you know, an msnbc anchor type up, regardless whether you think its right or wrong, it was a distraction from an agenda that wall street likes. Your thoughts on that. Yeah, i think its been this distraction has worked well. Looking way back before he got elected, the fact that he came out, lost billions on this. To everybody else made him appear normal. He lost a billion dollars of his own money. So everything has been a distraction. Politics has moved from the art of the impact to the art of the improbable. Thats what were seeing now. These things that we think should pass, things that should be so dont come to fruition but yet the market plots along. What do you think of that, charles . What attention we pay to the tweets and the distraction for a day or two doesnt get in the way of that agenda . The street will still happy to see it is done . The street is confident it will get done and happy that it gets done. Look at the people that responded to the tweet. Merkowski, collins, assess. These are critical people if youre going to drag them across the finish line. Part of what they have to go to their constituents with if they cut a deal is to say that the president was sincere and all these other things, these intangibles. When he gave the speech right at the end of the day to the energy conference, he was solemn, he talked about resurgence in merge. We have kates bill being pass. Stick to that. Hes punching down on these folks. America is coming back. Our economy is turning. I got to disagree with mark fauber. The markets have made huge moves. Were the next 40 move will be to the upside. Neil fauber just let me now, what did charms payne say . Im surprised i dont have an ejector seat. Neil thanks very much. I know my fauber impression is horrible. I love having him on. He sounds like a bear. Mean while, republicans dont get on board. You have heard Mitch Mcconnell say he might turn to democrats. My next guests have said ive been eager and open to working with you. Im talking about joe manchin. Very good to have you. Always good to be with you. Neil what do you make of this . This is republicans only. I know that you have tried to bridge that divide and get yourself alienated the your own party. But you want in. Now i guess you cant get in or what is the latest . I would always say, if you like at my past record since ive been here, if youre looking for someone that wants to be bipartisan and work in a constructive way, ive been the goto person. No one has reached out to me that its time to sit down and work together. Neil dow any conditions to that, senator . The only condition we have is this. Lets repair what we have. West virginia, if you tell people youre going to repeal something, that means youre taking it away. If youre going to repair it, fix it and make it better. I told the president you should be the mr. Fixit president. We know the private markets are messed up. Theres no restraints in how people are using their newfound health care. I have people in West Virginia and i have said this to our democrat friends, we dont need to be inhumane to throw people off or say youre going to lose it because you cant afford it. Were going to give you reasons how you can use it more efficiently and keep it. Give them a chance. Theres things we can do. Were willing to sit down and talk about this. You cant say repeal is out there and has to be repeal or nothing. Thats a political promise. I dont think its going to fly and im hoping theyll sit down and neil the irony if theyre not repealing october. Theyre really not. Neil they could have won over more democrats, saying largely its in tact. Its going to be smaller, different, funded differently. Largely intact, isnt it . The thing with the tax starting out with the 500, 600 billion tax repeal. Staying youre going to make that up by making 700 billion of cuts. Why can get the savings that need to be in by utilizing it much better. Having better products for the market that people want to buy into. Give flexibility, a lot of things that moderate democrats that were willing to sit down and im willing to lead the charge and work with them. But we have to get down and say were going to work with what we have and make it happen. Neil bid remiss if we dont have the dustup over the president s latest tweets on joe scarborough, crazy mika, psycho joe scarborough. Pretty blunt and in your face. Some say demeans the presidency and demeans the president. What do you think . Its uncalled for. Totally uncalled for. We cant stoop to that type on any shape in any form of life. I wasnt raised that way in West Virginia. I wasnt taught to be that way and talk about people and attack people. Thats not who we are. You might have your difference with joe and mika. Theyre good people. You can work with them. Hes had times with the president and joe and mika have been amicable to the campaign. Now it got to this. Thats just hopefully just totally uncalled for. I hope it doesnt continue. Many supporters claims as they did earlier, you say it shouldnt be a tit for tat on the part of the highest ranking official on the planet. Heres the thing. Im an elected official. People said a lot of things. I knew that. Okay . If i wanted to move forward and get something accomplished, i couldnt be drawn down into that element. I never did let myself go there. I wouldnt let it happen. Im sorry you feel that way. So why dont you work with me . What do they tell you . Well, we got a lot done in West Virginia. You know . Okay. All right. The republicans are my friends and the democrats are my friends. Were all west virginiians. Were all americans. I cannot believe that this environment here that you have to be on one side or the other. The only side that i can tell you im 1000 is the american side. I happen to have a d by my name and a lot of dear friends with an r by their name. Theyll put their country first. We we play off of this discourse and feed off of it 24 7 is not something im going to partake into it and feed into. Neil but it comes at a time with this president either r or d is saying im supporting coal. Near and dear to your state. What do you think of that . Hes a good energy hes a good energy president. I appreciate that. I told him. I said give us some stability in the market. Thats what youve done. The coal market as we knew it before when i was governor in 2009 and 10, we were doing 150 million tons of production a year. Were down to half of that now. All the 150 wont come back. We can stabilize what we have because we lost a lot of the markets we sold into. But theyre going to need this for quite some time in order the stabilize the grid. Thats were a base load fuel. You have two months of coal laying on the ground, youll have two months of uninterrupted energy. We know that. Hes been good from that standpoint. We have to find that balance between the economy and the environment. You cant throw caution to the wind for the environment. You dont have to overregulate me where you smother me and i cant breathe. Thats what happened in the previous administration. I appreciate President Trump on his energy. Neil thank you, senator, very much. Good to see you. Always good to be with you. The good senator touched on this. Tomorrow is deadline day. If theres no deal, what happens to the markets that were crazy enough today . We pick up on it add noon coasttocoast on Fox Business Network. If youre not getting it, youre missing a chance to miss out on the news. And the press secretary prepared to answer questions on the president s controversial tweets. Did they hurt his agenda . About people. People who rely on us every day to deliver their dreams theyre handing us more than mail theyre handing us their business and while we make more ecommerce deliveries to homes than anyone else in the country, we never forget. That your business is our business the United States postal service. Priority you [ intense music playing ] ] its here, but its going by fast. The opportunity of the year is back the mercedesbenz summer event. Get to your dealer today for incredible onceaseason offers, and start firing up those grilles. Lease the gle350 for 579 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Thanks for tnorfolk around and i just wanted to say, geico is proud to have served the military for over 75 years roger that. Captains waiting to give you a tour of the wisconsin now. Couldve parked a little bit closer. Its gonna be dark by the time i get there. Geico®. Proudly serving the military for over 75 years. Did the president go too far with this tweet in its deeply personal nature . How do you feel about the president attacking another worm specifically for her looks and what does that show as an example of how member should treat other women . Do his series of tweets help unify the country . Are you going to tell your kids this behavior is okay . Right now we have our economy growing, the stock market is up, unemployment is down, jobs are back. Isis on the run. You guys constantly ignore that narrative. Neil thats the problem with the president and his tweets to the msnbc anchors. He got the conversation off that agenda and to something that is silly but is allencompassing. That is the danger of getting off message. Press secretary under george w. Bush Ari Fleischer with us here. What do you make of that . You wake up and you shake your head and you watch your briefing and shake your head. Thats what i did today. When i saw the president s tweet, i thought why is he doing this . Its rude, offensive. Its not what president s do. Hes going too far again. When you watch the briefing. You see the recorders. They were right to challenge the white house. They should have three or four or five tough questions and get on to policy. Instead, a full blown feeding frenzy from the press core. I get it. He shouldnt have tweeted it but the press goes too far. Neil so how do you get this under control . I have no problem with the president s tweeting but it would be better to tweet subjects that hes strong. The economy, other thing the public endures even though that might not flip over him. What do you think about that . Today is an exciting policy day from the white house. Its energy day. The president is announcing a series of things to initiate what he calls a golden age of energy. Were about to become an Energy Exporter and he took the focus off of it. What i have advocated with former White House Press secretary mike mccurry, let cameras be in the Briefing Room but stop with the live briefings. That briefing shouldnt be a red hot tv show. The spokesman for the president is posturing and giving the talking points and the press corps is peacocking and acting like the toughest person they can think of because the editors are watching and a chance to be macho on tv. This is the problem with the live coverage. Both sides need to cool things down. Neil so when you and mike mccurry, bill clintons press secretary, orringing the way we do this is argue, what did you mean . That we shouldnt have the press briefings . No. Cameras are in the room. Its the way it is. Youre not allowed to have live coverage. Its called embargoed. Its a common practice. Everybody can have what they need but you cant take it love, show it in its entirety until after its over. As a result, news snippets will be taken. It would be different if we had a 911 moment. That would be different, right . Theres always exceptions in the National Interest and that would be one. What is happening now, reporters are using it as a chance to see how tough they are, they can that i can the white house down. The white house uses it to make its points clear. Everybody is talking past each other. Thats not a briefing. Its a tv show. Neil it is. A grand one at that. Thanks, ari. Eric bowling and his read on a the swamp after this. baby crying slow jazz music fly me to the moon and let me play bell ringing audience cheering neil boy, talk about great timing on the part of eric on a big day a big week. He has his book, which is number 1 and number 2 on amazon. I dont remember. But boom. Its everywhere. And here he talks about among other things, the swamp that is washington and the swamp that donald trump is trying to address. Lo and behold in the middle of that is this tweet storm. Of course, you in the book, very good to have you. You argue that its a good thing that he tweets. But can he tweet off message . Is that what happened here . The book came out on tuesday. Right . On sunday, we find out that bernie sandsers, the socialist, who says everybody deserves their fair share, he and his wife are being investigated for corruption. The book is about corruption. The second part of the book is what donald trump could and should do to drain the swamp. One of the first things i mentioned is continue to tweet. Now this happens here. Look, i think i would love to see everything that the most powerful human on the planet, the leader of the free world, what he thinks on a morning basis every single morning. I hope he continue to tweet. A lot of friends on the right say this is terrible advice. Tell him to stop tweeting. I dont want him to. Continue to tweet. I think its fine. Some sort of controversy when i said stay on message. Tweet about the things that will advance your agenda. Dont get side tracked and punching down with tv anchors. Im friendly with joe and mika and friendly was President Trump. This is like two of your Close Friends arguing. You want them to end it and get it over with i dont disagree of the tone of the tweets. Look, thats donald trump. Neil hes the president of the United States. Hes not a politics. Neil no, hes the president of the United States. He shouldnt do that. In your worst moment, you havent done that. We shouldnt talk like that. You have a great agenda. You can agree. Look at the press conference. Virtually nothing on that agenda. It was all on the tweets. Of course. Neil i agree with you how about all the economic messages neil he defeats the purpose he feeds the beast. He took the eye off the ball on a very im

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