Congress is not in session. When congress is back from in session after the midterms. They have republicans on the far right who say you have to pay for it and there wont be the votes and the democrats wont vote for it its not coming. Is he going to say it because of politics and its not happening. Five seconds is left. Here comes your world with neil cavuto. Have a great afternoon. Neil thank you, shepard. We expect to hear the president of the United States as that tape makes its way to us. Corner of wall and broad on a crazy day here where we had stocks down 550 points. Losses 126 points. A lot of the people saying melt down might have been a washing out process. Way too early to say that the fact of the matter is there was a lot of concern built into the latest earning reports, still by and large coming in a lot better than expected that this trade thing is beginning to pinch. Caterpillar the latest company to say you know what . The higher materials cost
from us everything from Effectsive Tariffs On Metal and loom hiking up the price of our goods. If that sounds familiar to you, obviously, its something we have heard out of Auto Companies and the like but the president having none of it saying right now the underlying economy is doing still very, very well. So if i could just sort of posit here as bad as it looked at the corner of wall and broad down 126 points. It had been a lot worse. We are going to be going to the white house shortly where the president is commenten on these developments here. The Signature Issue that he might raise is that he plans to meet with Vladimir Putin on november 11th, just nine days later, of course, he is going to sit down with the leader of china for the g20 summit. Those are two very big developments. Also keep in mind with putin he wanted to scrap that 1987 missile deal we had. That was scored by Ronald Reagan and mic call mick mikhail
gorbachev. Russians flagrantly cheating. Time to do just that also expected to address the caravan. Now the president. We may as being discussed right now. Mike bolton as you know is in russia, talking about various things, including the whole Nuclear Situation where we were not treated well for many years. This should have been done a long time ago. And i think something good could come out of that i very well meet with i think we probably will. It hasnt been set up yet but it probably will be. If you could just settle some of the confusion over your comments about about what you mean you are a nationalist . I love our country. Our country has taken second fiddle. If you look at the trade deals. I am knocking out some of the worse deals i have ever seen. We give them our wealth and they dont treat us properly. We are protecting very, very rich countries, including, by the way, a country that happens to be very much in the news, saudi arabia. And mentally wealthy. And we are taking care of their military for a fraction of the cost, not fair to us other countries also. Immensely wealthy. Countries. And we have to get reimbursed for that we should not be the worlds Police Keeper and not get reimbursed. By the way, when i bring up to the heads of countries like japan, Prime Minister abe, a friend of mine, i bring it up, he looks at me. And he goes i understand. They understand it nobody has ever asked them. They said have you ever asked i said have you ever been asked like you have to be like help out . Nobody has ever asked. So, thats a pretty unfair thing. I will get back to you. Wait, wait, wait. Wait. Im going to get back to you. Can i ask my follow up question . No, not now. I will get back to you i said. You cant take the whole thing. We have a number of other fine reporters. Go ahead, yes. Im behind you, please. Mr. President , have you heard back or first of all, can you tell us what you think about what the turkish president said today. What president erdogan said . Yes, sir. He was pretty rough on saudi arabia, i would say. I havent gotten a full recap as you know i have people in tuckery, and i have people in saudi arabia and other places. And they are all coming back as we speak, they are heading back. I will know, i think, everything in a very short period of time. Its a bad situation. Ened but, certainly president erdogan was not complimentary of what happened. That was a terrible thing that happened. Okay . Yes, maam, go ahead. I was going to ask do you believe him, do you believe the saudi arabiaen leadership. I want to seat facts first. Saab has been a really great ally. One of the biggest investors, maybe the biggest investor in our country. They are doing hundreds of billions of Dollars Worth of investments and, you know,
so many jobs. Some jobs. Thousands and thousands of jobs. And if you look at the other side, iran, you look at what they have done to people, vicious, horrible, and thats no excuse for what happened with saudi arabia. No excuse whatsoever. But you take a look, its a rough part of the world. Its a nasty place. Its a nasty part of the world. But, if what happened happened, and if the facts check out, then its something thats very bad. Twament, they have been a very good ally of ours. They have been helping us a lot with respect to israel. They have been funding a lot of things. I will tell that you russia and china would love to have that military order. And can i say it to my democrat friends, too. They would love this is 110 billion worth of military. And russia would pick that up very quickly and china
would pick it up very quickly and france would pick it up very quickly. France makes a lot of military equipment. Very competitive market. Great job. Thats why i went to saudi arabia first. I went to saudi arabia on the basis that they would buy hundreds of billions, many billions of Dollars Worth of things. And the ultimate number is around 450 billion. 110 for military. 450 billion. Over a million jobs. So, we do that the, we are just hurting ourselves. We are just hurting ourselves. I know that from a certain standpoint, you can also say, well, it doesnt matter. It is a terrible thing. We would be really hurting ourselves. We would be hurting our companies. We would be hurting our jobs. We will see what happens. I should have a pretty good couple of seconds. I should have a pretty good report very soon. Just to follow up on your
comments about being a nationalist. There is a concern that you are sending coded languages wage or a dog whistle to some americans out there that what you really mean is that you are a white nationalist. I have never even heard that i cannot imagine that. Im a nationalist. No, i never heard that theory about being a nationalist. I have heard them all. Im somebody that loves our country. When i say a nationalist. I dont like it when germany is paying 1 of g. D. P. For nato and we are paying 4. 3 . I dont like that. Thats not fair. I dont like it when as an example were protecting europe and we are paying for almost the entire cost of nato. Very substantial portion. Far greater than what it should be. We have Great Respect for this countries. On top of that i dont like it when they put up barriers to our farmers, where our farmer cannot sale. Trade barriers, better than
anybody. Trade barriers that are as severe as chinas trade barriers, which are coming down. They want to make a deal very badly. They will be coming down. But i am very proud of our country. We cannot continue to allow whats happened to our country to continue. We cant let it happen. Im proud. Im proud of our country. And i am a nationalist. Its a word that hasnt been used too much. People use it. But im very proud. I think it should be brought back. Im somebody who wants to help other countries of the world. But i also have to take care of our country. We cannot continue to allow ourselves to be duped on military and also duped on trade. With the European Union as an example. Last year on trade, 151 billion on top of that. We lost hundreds of billions of dollars on protection so we protect and we get
killed. We do the trading and get killed. Cant do it. I want it to be fair. So i want them to open their borders. I want them to make it fair for. Medical equipment and prescriptions on year and a half ago. Medical equipment cant get into europe. Even though its better than what they have. So they have to treat us all i want our country is to be treated well to be treated with respect. For many years, other countries that are allies of ours. All of us. They have not treated our country fairly. So in that sense im absolutely a nationalist. And im proud of it. Yes. You said this weekend and yesterday that you were planning a tax yes, we will do a resolution. Very simple. How this is going to work . If you speak to kevin brady. Put in a Tax Reduction of
10 , which i think will be a net neutral because we are doing other things, which i dont have to explain now. Middle class. Its going to be a Tax Reduction middle class. And this will be on top of the Tax Reduction that the middle class has already gotten. And were putting in a resolution, probably this week. I think you folks know about it. Kevin brady has been working on it very hard really for a couple of months. Put that in and start the work after some time after the midterms. Mr. President , why the decision now to send two u. S. Navy warships to taiwan . I will leave that decision to myself and my generals and my admirals. Okay . Not for you. Are you worried about any negative reaction im not worried about anything. I dont worry about things. On the tax cut proposal, when you say that you want a middle class tax cut is that an acknowledgment that the
original g. O. P. Tax cut was too heavily tilted in favor of Wealthier Americans and corporations. No. It really wasnt. Why bring it out now. Its been great. The tax cut that we had even if you look at estate taxes and what its done for the Small Farmers and small businesses, if you look at the past im talking about the one that was passed, were very proud of it and what it did more than anything else, it brought jobs. Tremendous numbers of jobs. Thats why our job numbers you hear it all the time when i speak. Literally we have ever had. Africanamerican unemployment lowest ever. Asian american, hispanic american, No Matter What category you look at. Women 65 years. Lowest in 65 years. A lot of that was done by Regulation Cutting and a lot of it done by the tax plan. And that all to the middle class. In addition, they paid less. They walk around with 2,000. 1,000. 4,000. A lot of money. This is in addition to that. But, on this one, we are not going to do any business. We think the business is
very incentivized. On this one we are doing a pure 10 tax cut for the middle class, in addition to what they have already gotten in the first place. Shouldnt the middle class have gotten a bigger tax cut. I didnt think we could get any more than we got. We have gotten the max. Now that the economy has done so well we feel we could give um some more. I couldnt have gotten that extra 10 when we originally passed the plan. We maxed out and we had to take care of jobs. Jobs are very important. We gave the middle class a lot. Now as you obviously have seen, businesses have done so well. We have brought in hundreds many hundreds of millions of dollars from offshore because of the tax plan. And that all went to creating apple as an example, i was with them. They are going to be spending 350 billion on building new facilities in the United States which is something, as you know, from a long time ago, i have been saying it from the
beginning. I want apple to build their plants here. They are going to spend 350 billion. They are bringing in 230 billion offshore because of our this helps everybody. This will be a 10 going to be a resolution, probably introduced this week, the end of the week or early next week. And kevin brady has been drawing. Working on it very hard for a very long period of time. Okay . Mr. President. Jeff, go ahead, finish up. Be with else, sir. Yes. Mr. President , you said yesterday that you expected investigators today on the saudi is that still the case . They are heading back. A couple of them are heading back. Gina as an example went to turkey. Have you heard anything preliminary. Talk about it when everybody is back here. I think they will be back tonight and early tomorrow. Almost all of them. Ahead of your meeting with
paris with european leaders. Have you spoken with them about the saudis . We have. And mike pompeo has and john bolton is actually over there now. We have spoken to many of them. They are nobody nobody likes what happened. Let me put it that way. There is nobody that said wonderful. Angry about it and very upset about it. Relationship going forward. Thats a good question. I think what im going to be doing is maybe a little bit what i did with respect to the fbi investigations. Justice kavanaugh when they were asked for more time by the democrats. I said look, im going to leave it up to the senators that were doing the job. And i think here im going to leave it up to congress. Congress has very strong ideas. Both ways. I have been told by at
the same time they are not going to do something there has to be some kind of retribution there has to be. No matter what you do. I have been told by others that they dont want investment of had 50 billion. I think thats foolish. I will leave it very much in terms of what we ultimately do, im going to leave it very much, in conjunction with me, up to congress. And that Means Congress both republicans and democrats. I want to have the folks in Congress Come back and make recommendations to me i would like that to be a part by saturday recommendation. Differentially than i do. Thats a terrible thing. Mr. President , why do you think Something Like this could have happened . Do you think that there was a failure of leadership on
the world stage . Concern about they had a very bad original concept it was carried out poorly and the coverup was one of the worst in the history of coverups. Its very simple. Bad deal, should have never been thought of. Somebody really messed up. And they had the worst coverup, ever. And where it should have stopped is at the deal standpoint when they thought about it whoever thought of that idea, i think is in big trouble. And they should be in big trouble. Okay . Yes . Anybody else . Mr. President , one more thing on the caravan. You had said that there were Middle Easterners in the vary can. Can you explain that . Are you saying there are terrorists. I have very good information. Are you sure . I have very good information. If you look at honduras and
statements made by honduras and even a phone call that our Vice President had today, which i think do you want to mention that mike . Is that okay . Certainly. Go ahead, please. At the president s direction i spoke to president hernandez of honduras. He told me that the caravan is now making its way through mexico headed for the Southern Border was organized by leftist organizations and financed by venezuela. And we as we have said. And the democrats, maybe . Well,. [laughter] sounds like teasing about that where is the proof that democrats are paying for this caravan two weeks before. You will find out. Maybe they made a bad mistake, too. We will find out about that. What else did they say, mike, about isis . Did they say something. Just that its been organized by leftist groups. They have made their way north. Once they crossed into
guatemala, now crossed into mexico, there is some estimates north of 7,000 migrants i and the group is growing of the United States of america intervenes and prevents 10 terrorists or suspected terrorists from coming into our country every day. So its its inconceivable that there would not be individuals from the middle east as a part of this growing caravan. What the president is determined to do is put the safety and security of the American People first and i know the president will be addressing this in the coming days about ways we need to close the loopholes that Human Traffickers and other dangerous individuals used to entice vulnerable families to make the long and dangerous trek north. Mr. Mr. Vice president are you saying that you have evidence that there are terrorists in the caravan right now . What i can say to you is. You are saying statistically there has been a number over the years not the same. A lot of Middle Easternerslive in the United States. Americans middle eastern dissent who find that kind of rhetoric appalling. Isnt that true, mr. President . Let me just say this. I spoke with Border Patrol this morning. I spoke to him last evening. And i spoke to them the day before. I speak to them all the time. And they say this and you know this as well as anybody, over the course of the year, over the course of a number ever years, they have intercepted many people from the middle east. They have intercepted isis. They have intercepted all sorts of people. They have intercepted good ones and bad ones. They have have intercepted wonderful people from the middle east and they have intercepted bad ones. They have intercepted wonderful people from south america and from other parts further south. They have intercepted a lot of different people. But, among the people they have intercepted, very recently, are people from the middle east, okay . So, you cant be surprised when you hear it. You have heard that before. It happens all the time. And i spoke to literally last night i spoke to another one this morning, very Good Relationship with Border Patrol. And ice. And they say it happens all the time from the middle east. Not even saying bad or good but some real bad ones. But, they intercept. Are they in the caravan. They very well could be. But there is no proof. There is no proof of anything. There is no proof of anything, but they could very well be. If you look at what that was building, they were tal