Time in his back pocket able to try to get solidarity with his republican colleagues in congress and get them to vote against this resolution, as he was in the cabinet room today meeting with his cabinet, the president seemed to be focused on policy. He allowed the cameras to stay there for more than an hour while ben carson and alex azar and Jared Kushner all spoke about big policy agenda items. The president almost reluctantly weighing in on the four congresswoman, the socalled squad. The fallout from his tweet on sunday. The president now trying to get away from that wheat and put the onus on those four congresswomay have said in their policies, trying to flip the script and turn the tables. Listen to what the president said. President trump you look at what theyve said. I have clips right here, the most vile, horrible statements about our country, about israel, about others. Its up to them. They can do what they want. They can leave. They can stay. But they should love our country. The president keeping up that drumbeat on twitter, with a tweet this morning referring to his sunday tweet that started it all, saying quote. To that, alexandria ocasiocortez, one of the four members of the squad tweeted youre right, mr. President. You dont have a racist bone in your body. You have a racist mind in your head and a racist heart and your chest. Thats why you violate the rights of children and tell the congresswomen who represent their home world to to go backo my country. Nancy pelosi believing with the president said was racist which is why she wants to vote on that resolution to condemn the tweet on sunday. Mitch mcconnell on the other hand does not think that the president s comments were racist and that the focus does need to be on the policies pursued by these four congresswomen. Listen to pelosi first and then mcconnell. Every Single Member of this institution, democratic and republican, should join us in condemning the president s racist tweets. To do anything less would be a shocking rejection of our values and the shameful abdication of our oath of office. The president is not a racist and i think the tone of all of this is not good for the country. But its coming from all different ideological points of view. Thats the point. To single out any segment of this i think is a mistake. What the republicans in the president in particular trying to do at this point is they are trying to paint these four congresswomen which the president labels the radical left is that power brokers in the Democratic Party and that nancy pelosi is either powerless or too scared to confront them. Last week nancy pelosi was having huge feud with alexandria ocasiocortez. The president came to Nancy Pelosis defense of the verse of reason thought that he would throw a hand grenade in the whole works on sunday and turn the attention back on him. Now he is trying to make it look as though these are the four people who are controlling the Democratic Party and then if you vote democrat in 2020, thats what youre going to get, the band of leftwing socialism. Dont know if you can make that steak but well see how he does with the vote tonight. Neil thank you, john roberts of the white house. Vice President Joe Biden holding Campaign Events in iowa saying that the president should go home in response to some of those tweets. Peter doocy with more. Neil, as President Trump vies for four moyers, joe biden saying he might tell the president to drop and give him ten if the president ever questions joe bidens mental or physical capabilities. Come on, donald. Come on. How manyushups do you want to do here . Biden still has to beat a lot of democrats before he finds himself on a stage with the incumbent president. Trump is still the federal focus of the biden campaign. Using sharp language to condemn those recent tweets. Theres never been a president in American History that is so openly racist and divisive as this man. Iowa is a place that President Trump carried easily in 2016 in the general election but this isnt the general election. Biden right now is running primary needs trying to impress progressives. Neil thank you very much. Lets say that president s tweets are all anyone is talking about. Theres plenty of good Economic News that folks today were not talking about, including retail sales soaring in june. Company earnings, though still early in the process, handily beating estimates for the latest quarter. A string of records for the dow, even though we were denied one today. Its the tweets that everyone is focused on today. Bad timing for president , the markets, the economy as his greatest strength. To ari fleischer, democratic charges roger fisk. Courtney, how much is that sidetrack on the tweets, apart from the racist charges and all, hurting what would otherwise be a pretty solid message he could tweet about. To your point, neil, theres so much good data on the economy right now and i think investors are going to be able to overlook any tweets that are happening or any major headlines. At the end of the day, the consumer is still really strong and were seeing that with the data. Are consumers going to stop spending money because the tweets . I highly doubt it and i think were going to see the economy going strong. Neil nothing seems to be stopping the president raising money in all this and well get into that and a second. There is this notion that when the president has something good going for him, something happens to sort of disrupted and im wondering whether he can be his own worst enemy on occasion. Actually hes been on a pretty good rule of late. This has been unusual at least regionally for him to put out a tweet like this. I think this tweet was offensive. I wish he hadnt done it. Politically ive got got to sas came in a time when there was a bonfire growing between these four progressive congresswomen and Speaker Nancy Pelosi and the president acted like a fireworks tincture and put up a bonfire and ignited the Democratic Party. Politically it was wrong. Just in terms of the tone from the president , i found it inappropriate. Neil when im looking at this, thinking democrats could seize on this and all of a sudden say all right, this is a gift to us because now we are not talking out the good Economic News or the markets or record low on employment rates. Things that the president could crow about. It is a net gain for them. Thanks much for having me. As recently as friday when the president was heading to critical states in the midwest and upper midwest that he flipped, and what does he do right before he takes off from the white house . He stands on the south lawn with someone leaving his cabinet, the person has to stand there for 30 or 40 minutes while he talks on a wide range of issues and basically stops all over the political message that hes going to head to those critical states to try to convey. He basically got in his own way. You can even look at the midterms where he had very similar Economic News to where we are right now. Decided to make the last 45 days about immigration. The only thing he likes talking about more than what he does right is what he thinks people are doing wrong and he gets it his own way time and time again. Neil its too early to say, as you touched on, whether going to hurt him in the polls. Inching up a little bit. Still trail some of the prominent democrats but again, as many of you reminded me, way too early. None of this seems to be measurably hurting him but theres a sense with him i dont know if you agree. This is what we get. This is the guy speaks his mind, says things that strikes many as offensive and then some but it doesnt hurt his academic performance. Doesnt hurt the kind of stuff he believes that republicans believe will ultimately help them triumph again. What do you think . I cant really speak of the politics of it and whats going to happen in the election but when i look at the economy going forward, i do continue to see really strong news. Something we are not talking about which we have been for many weeks and were all a little sick of is things like the trade war with china and some of those other things get figured out, that can be a higher catalyst to bring the markets further. As a good economy leading up to the election, i can see it being a positive sign but im very bullish on where the economy is going. I dont see any true signs of a recession in the future. Neil thank you very much. We are allowing for breaking news because the president s campaign, this controversy, has a funny way of showing it. 108 million bucks raised by the Republican National committee in the Second Quarter largely on behalf of the president of the United States. Thats more than the top five democratic president ial tenets combined in the same period. A lot of this was prior obviously these latest tweets but its a reflection that controversies that nevertheless stick with him are not hurting him when it comes to raising money. Absolutely not. It was an amazing fundraising quarter. In fact it was 20 million more, almost 25 million more than what president obama raised during the same period of his presidency. Amazing fundraising numbers. The large dollar, the small dollar people. Over 700,000 donors on the small dollar side. You have ronna mcdaniel, cochair of the rnc, and you have the finance chair. They are working together amazingly well. Very well organized. Then you have don jr. Thats a real help in the fundraising category. He is working california this week at the same time President Trump is going to be a new jersey. Youre able to raise money simultaneously across the country because of don jr. , the guilfoyle will be out there as well. Its been an amazing run and its continuing. Neil where will the proceeds be allocated . We tend to focus on poles and get this national disadvantage but forget the fact that he scored his victory largely as a result of flipping democratic largely industrial states. How is he doing and will those resources go to those states . Sure, theres going to be a lot of resources and historically blue states. The rust belt is going to get a lot of attention. 123 million cash on hand at the end the quarter. We are going to going to next year after the primaries and after we go through the convention, were going to have hundreds of millions of dollars in cash on hand and a fully funded campaign, fully staffed up. Different in 2016. The democrats are probably going to come out of that with very little cash on hand after a bruising president ial primary. They are going to be at a real disadvantage going into 2020. Neil do you know how much effort has been put forward to winning over hispanic voters. Hispanic Home Ownership hit an alltime high in this countrys history. Its remarkable. Im wondering how much credit the president will get for that and how much hispanic support, he might be able to get from that. I think quite a bit. Theres hispanic quotients forming around the country that support trump. President trump is been the best president in history for hispanics in this country. We hear about illegal and legal. What President Trump talks about is the illegal immigration. People view that is mostly hispanic and negative hispanic and thats not the case. President trump is very prohispanic and the hispanics here legally in the country, many support trump. I wouldnt be surprised if it gets a much higher percentage than even to the first time you ran, and i think the Hispanic Community is really going to support President Trump this time. Its going to be one of the big surprises i think youre going to see come out of 2020. The democrat is going to be really confused by it. Neil is still early, as you remind me. Anything can happen. Again, some of those inroads hes made with some of these groups could can come back and help them out. Still way early. Thank you very, very much. What if i told you it really wasnt a tweet about some democratic congresswomen that whacked the president today. But something he said about trying out today. We share. 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But a lot hasnt. Ask your doctor about ibrance, the numberone prescribed, fdaapproved oral Combination Treatment for hr her2 mbc. Hey, who are you . Oh, hey jeff, im a car thief. What . im here to steal your car because, well, thats my job. What . What . . What . laughing what . . What . what . [crash] what . haha, it happens. And if youve got cutrate car insurance, paying for this could feel like getting robbed twice. So get allstate. And be better protected from mayhem. Like me. We have a long way to go as far as tariffs. We have another 325 billion we can put a tariff on if we want. Neil those comments were enough to prevent another record today, although its close. It was kind of a wash today. After one record after another, the fact of the matter is we have this China Economy thing to worry about, growing at its slowest pace and some 27 years. China is blaming the president for linking their slow down to the trade war. We have charlie gasparino. Gary from marketwatch. One of the things the president has been saying, they need to deal more than we need the deal. This week, Economic News out of china, seems to confirm that they need something. We have been hearing that for a while but china, thats what matters most. Doesnt seem to believe they need to make a deal and i just dont think its happen. Its almost brexit at this point in time that we keep hearing that we are weeks away and then months away and then now hes talking tariffs again. Again, the good news is the market i dont think is listening anymore because we were supposed to get european car tariffs. That was pulled. We were supposed to get mexican tariffs. That was pulled. I think were okay and i think the market is more or less looking at easing money now and you can see with the markets doing, very strong. Now even the industrials and economically sensitive areas are starting to kick in to gear. Neil the fact of the president raised the possibility of expanding the tariffs, an additional 325 billion with of goods from china which would essentially include pretty much everything from china. It was like a shrug from the markets. Down a little bit. Gary is pointing out, records every day. What do you think . The markets tradeoff at bottom, the markets trade on corporate earnings. If corporate earnings are strong, stocks will go up. The bet right now the market is that corporate earnings are strong largely because of the tax cuts and deregulation and lower Interest Rates or at least stabilizing rates at this very low level, Jerome Powell is not going to raise rates. Its net positive for corporate earnings. We dont know is whats already been done with trade or whether you know, whether tariffs on china will in the future slow down the economy for the 2020 election. Heres the thing i think, just to throw it out there. Chairman xi, Donald Trumps chinese counterpart does not need to run for reelection. He is a dictator for life or until they kill him or whatever or poison his tea. Donald trump has to run in 2020. If we have an economic slow down because of trade, it will be an issue and trade is the one fly in the ointment of his economy. Theres just no doubt about that. It doesnt mean its going to happen. Its just that i cant tell youu and a lot of economists cant tell you whether the stimulus from the tax cuts and deregulation low Interest Rates will overwhelm the trade stuff. The market right now its betting it will but who knows. Neil you know, gary, im wondering how you advise client clients. We are 10 or so away from 30,000, an unheardof level if you think about it. How do you advise clients in the middle of a runup like this and what some are calling a melt up, maybe courtesy of the Federal Reserve and lower Interest Rates. Trend is your friend. Its a cliche but it really does work on wall street. When you have the fed in your corner, thats also working. You can time the bottom of the markets at the end of the december, early january, to the day they sent out somebody from the fed to float the fact that they were going from raising ras to patient and you can time to the day of the last bottom we had about a month ago going from patience to lowering rates. Leave no doubt thats what the markets by looking at and i believe the market has been hanging on it for ten years with easy money. Its not just here. 13 trillion in negative yielding debt around the globe. They are easing like crazy. China just put a trillion dollars into the system. Europe Just Announced theyre going to go even lower negative rates. I think markets just love it until they dont. Right now im a big believer in price and markets acting fine. We have an inverted curve, dont we . Neil the ratings juggernaut moments. Thank you, my friend. By the way, did i tell you about another blackout that could be coming in new york . Yeah. So today