Transcripts For FOXNEWSW Your World With Neil Cavuto 2019101

FOXNEWSW Your World With Neil Cavuto October 11, 2019 20:00:00

Truth will always matter, that journalism and journalist will. Im Shepard Smith. Goodbye. Greg wow. Im neil cavuto and like you have a little stunned and a little heartbroken. I dont know what to say. Shepard smith, as i said, just a few days ago on this very network. A decent human being, a heart as big as texas. I didnt say texas at the time. Just lower manhattan. It wow. A better newsman you probably cannot find. Again, a bigger more emotionally connected to humankind, you cannot find. Shepherd, i dont know what the heck you are planning to do or where you will go but i just know you will be great at doing it and you deserve the best that life has to offer. Im sorry if im a little shellshocked here but im going to miss my buddy. All right. Onto the news at hand as shepard would say because Breaking News does change everything and we have a lot of it going on right now including stocks that are just taking off. Its the word right now, the tentative deal is to leave the dial up about 300 plus planes, although it had been up more than 500 points at one point. The president is in the oval office. He has with the vicepremier of china. He is also with his Treasury Secretary, trade investor, they are all gathered in their taking questions from reporters about all of this on a day where the markets seem to think that a truce is better than nothing and this looks like a substantial truce at that. I want to get to read from john roberts at the white house on all this. John, and publicize of being a little shellshocked. Take it away sir. Ive just been trying to compile my thoughts as well. Neil i walked out did a hit and suddenly got hit by a subway train. Holy mackerel. Lets try to get to the news at hand as i do just news that we just heard. Completely shocking. The president with leo, the chinese vicepremier and the oval office, yesterday the president seemed to indicate things were going well in Terms Of Trade and talks with china. Whether Treasury Secretary Treasury Secretary mnuchin was in the briefing just a while ago. He was saying that things were looking good and there you see leo coming over from the trade Representative Office to the white house. I asked secretary mnuchin, i said the stock market seems to like what its cheering and he said the stock market is always right. You pointed out the stock market was up about a hundred points higher than it is so maybe they were expecting more than what we seemed to be staying out of the oval office. Or maybe this is just a temporary expectation. We dont know. But the president did see, as you can hear the helicopters landing behind me, he said we have come to a very substantial phase one deal, the deal was getting ready. Itll take three to five weeks to do. They come to a deal on Intellectual Property which was one of the three big pillars here in terms of getting a new deal with china. They have also come to a new deal on Financial Services as well as currency, china apparently is going to buy some 40 to 50 billion in Agricultural Products which may be either 20 or 30 Million Metric Tons of soybeans, also buying pork. Getting conflicting figures on the number of tons. Not as much of they bought in 2016 but more than they bought in 2017 and 2018. This thing is all just its in the works right now. We will hear more from the president coming out in just a few minutes from not recording getting handed off to the pool but on the surface at least, this does not look like the grand bargain that the president was looking for initially. He talked and alluded to earlier this week the idea that they might get some sort of a partial deal in place. He said its not his preference but he wants to get a big deal. But china internal has blinked a little bit. They were on the crushing, punishing weight of their sanctions. They have rest stomach asked for it sanctions that were scheduled to go into effect on october 15h which were originally going to be post on october 1st but the president gave pause because of chinas 70th Anniversary. Those tariffs will now and not go into effect on tuesday. We do not know about the other tariffs that are expected to go into play on december but for the moment it looks like the temperature is coming down in this trade war. Its off of a rolling boil. Its now down to a simmer and now it may be getting too cool further from here. We have to wait to hear from the playback to hear what exactly was said in that meeting. Neil thank you very much john roberts. Before i gauge reaction from i guess you are, i can ignore the element in the room and the elephant leaving the room, Shepard Smith leaving the network. Hes one of the originals as im ive had he just didnt age but i did. He didnt get a pound, i gained maybe 5 pounds. Why are you laughing . So im with you, little shellshocked. I apologize if im not my normal cells but lets get reaction. Im just a little bit bummed. All right. Kelly jane torrence, susan leave. Susan, i begin with you. On the markets may be reassessing this trade deal . Its still a very big amount. We have been up over 500 points. What are they sort of turning over . They are turning over the details. The devil is in the details in any agreement and this is a feelgood path because its been that they are looking for but its better than what it was and tariffs dont go up this month, dont go up in december, and you have some sort of agreement. Once again giving more Market Access to Financial Firms and the fact that they are starting with a Better Foundation i think is positive going into the nem here . The oval office and the advice from here, china, so we will get a better idea. An optimistic this is substantial deal and obviously, many were waiting for this, the better part of a year and a half wanted to see we are headed in the Holiday Season come about the fact that a lot of chinese toys coming to the u. S. But that is something that affects every household. I think the pressure is on to get a deal. We have to keep in mind with the agriculture this is something that if there is relief, they can do it in the farm bill. But i think the politics here are pretty important. Neil just to be clear, i know these are new developments but that tariffs are delayed now and will take effect next tuesday so that stage off would have been higher tariffs on 250 billion of goods. And in december, 350 billion worth of goods. But now, the question becomes the trust to verify the reagan line and whatever china does, we have to have proof. And i guess a means by which we can hold them accountable. What do you think . Well, that is a great point, neil, im feeling your pain. Many will miss Shepard Smith when hes gone, but the devil is in the details and after that, will those details actually take effect . Remember, we were talking a few weeks ago because donald trump said he is only going to make a big deal with china, in other words, a deal that included Intellectual Property, currency manipulation, all of those things. I started worrying the last week or so, he was backing off of that. We still dont know how big this deal is. He said substantially become apparently, but he also said it was phase one. It is to include Intellectual Property and on manipulation so you are right, these are huge things that china has been reluctant to do anything on. Basically since the communist regime took power and opened up its economy. So i think we do need to verify for sure. And i will say im glad that donald trump is a little anxious to make a deal, take some heat offer they the impeachment and have people talking about something good especially going into 2020. The trade war is really the only big negative and the economy. I was worried that he would get a quick deal, anything he could get. So im happy to hear it is Intellectual Property that is a part of this. The trade deficit, wed know it doesnt matter much but we know Chinese Companies using American Technology because of Chinese Government has either stolen it or forced American Companies to handed over. Neil all right, guys, i want to thank you and we are waiting for the president , still talking to the oval office about some of the things he is saying, china is responding on a Currency Pack and committed to buying more farm goods. He didnt say how many more farm goods or get back to the levels before we had this Trade War Bubbled up almost a year and a half ago. He talked about the fact that they did discuss hong kong, but great progress is being made in hong kong and the chinese have toned it down a bit. This would be beneficial to the economy as well. The president saying i think it will be tremendous for china what we have been doing well. And i think we will do better. On top of that, waiting to hear from the president. And we hear fox is still trying to assess One Of The Best and brightest going on to bigger things, happier things, personally more rewarding things. I can only wish Shepard Smith best for the 23 years a quarter of a center we have known each other. It is a pleasure and an honor. We will have more. vo with fair, Transparent Value for every tradein. Enterprise makes it easy. Oh, wow. You two are going to have such a great trip. Thanks to you, we will. This is why voya helps reach todays goals. All while helping you to and through retirement. Can you help with these . Were more of the plan, invest and protect kind of help. Voya. Helping you to and through retirement. I cantwhat . Ve it. That our new house is haunted by Casper The Friendly Ghost . Hey jill hey kurt movies . Ill get snacks no, i cant believe how easy it was to save hundreds of dollars on our Car Insurance with geico. I got snacks ohhh, i got popcorn, i got caramel corn, i got kettle corn. Am i chewing too loud . Believe it geico could save you fifteen percent or more on Car Insurance. Neil a couple of things on capitol hill today on impeachment problem. In the middle of that, mike. Neil, good afternoon former ambassador marie is eager to talk to, and arrived on capitol hill six hours ago, Career Diplomat spending 33 year in Foreign Service and her opening statement obtained by fox news, Marie Yovanovitch said i was incredulous that the u. S. Government chose to remove an investor as best as i can tell on unfounded and false claims by people who clearly with questionable motives. Earlier house intelligence said she was biased against President Trump. This was somebody not just supporting clintons when clintons running, but telling clinton was going to win, prognosticating about it but also wants to trump one was badmouthing the Trump Administration in ukraine to ukrainians and State Department staff. So shes got a lot to answer for. We are looking forward to questioning her this morning. Also today u. S. Appeals record court for the financial records and the president s team trying to block the Accounting Firm to hand over the situation the information. 21 and d. C. Saying it is a victory for the democracy. As the Courts Reaffirm Congress Authority and responsibility with oversight and consider legislation on behalf of the american people. Pelosi said congress will continue to protect our democracy, neil. Neil thank you very much. So where does this go right now, the president could take this all the way to the Supreme Court of the United States. Joining us now the former prosecutor professor lowell at quinnipiac. What do you think . Where does this go . Well, i think the president is in trouble. This decision, judge, this is Court Appeals for washington, d. C. , the d. C. Circle. The same court found in the Watergate Hearings the Senate Committee investigating the watergate could not enforce a very similar kind of subpoena. However, they did say that the House Of Representatives is now investigating the president for wrongdoing and its cold impeachment. I think what happens with this, neil, nancy pelosi prompts the house to take an official vote to empower the judiciary and officially investigate for impeachment. If a subpoena it would get enforced and he would have to turn his records over and you and i talked about before its all about the Southern District and never about mueller. To be when saying everyone with the Mueller Probe he had so much more to worry about. The former governor of new jersey agreed with you in the Southern District probe. The Southern District once the stuff, right, the Southern District, backandforth, get stop. Are you saying that if you have a formal probe or inquiry launched by the house, this supersedes them and they have to hand these over to the House Committee . I think right here, it came out today, and i think the dissent has it right. Which is, legislature has the power to issue a subpoena for the purpose of furthering the legislative function to create laws. So we have the power to issue subpoenas, however, this court said over 20 years ago, my decade is wrong, and the context of Potential Wrongdoing by the president. If you want to look into that commit is the house as responsibility and it has to be within the context of impeachment. In that case my think what happens if they are mack is the Judiciary Committee offers the s enforce but this case going to the Supreme Court has to take i, and its going to be another monumental neil why do they need the tax records again . Essentially it was to cross reference payments made and the white house said it was a very spacious argument. That is exactly right. How does this further the legislative function and the judge and his dissent, that is the question he asked. I think that is the right question by the way. If this goes on appeal to the Supreme Court, my sense the dynamics of the court today, the court asked the same question and it comes out the same way. Neil which is what . There is no legislative function here. Neil but different with impeachment. Now come at the same time i would not be surprised if they say look, the wrong committee issued the subpoena so lets assume the judiciary and the context of impeachment investigation tomorrow issue the same subpoena. I could see the court saying the first one was wrong. The first one that got upheld here, but the one that got subsequently issued by the judiciary, they will uphold that one and he will have to turn over his records. That is where going back five months ago and we talked about this with governor christie, i think there is enough of a danger they are mack. The other thing i will say, what is going on with the indictments against the two associates of rudy giuliani, there is practice, folks who know how to manage the rules of impeachment. But the senate needs to go on defensive here. I dont know that his legal team neil you mention going on defensive, we have from the white house, this tape to wrap up speaking with reporters. He has argued that hes not going to cooperate with the second. If they call if nancy pelosi calls for that, does that change things . Look my think he will end up handing over the documents. Neil the tax documents, well, that gets leaked out. Lets go to another segment. Hes getting impeached. There is no two ways about it. Neil in the house. Then it will go over to the senate. Ceremonially they will walk them over and then the senator will try him as chief justice. Neil but you need twothirds. When he twothirds and you and i had this conversation, trump was more like clinton then nixon. Nixon really faced criminal charges and the threat of going to jail. That was not clinton, he was never going to jail. Trump, when we talk nine months ago i said hes more clinton then nixon. As we sit here today he somewhere in between and moving more towards nixon. That is where his record that came out of Michael Cohens office and everyone in the Southern District, that is what he needs to worry about, real criminal exposure. Which then the other side incredible leverage and that is where he becomes more like nixon then clinton. Neil the eight years in question, obviously, that is what they are looking for in that time frame. Okay. So who knows whats in there. Neil john, you pressed in on a lot of stuff but again i remember coming and adjusting the Focus On The Mueller Stuff but focus on what is happening in the Southern District of new york. That is coming true and a nightmare for the president. He just wrapped up speaking with reporters a while ago t

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