Skip to main content

tv   Making Money With Charles Payne  FOX Business  June 2, 2017 6:00pm-7:01pm EDT

6:00 pm
tuned for bottom of this programs. thank you for having me the last couple of nights. i'm connell mcshane. it has been good to be with you and stay tuned for charles payne. he is coming up next here on the fox business network with making money. have a great weekend, everybody. charles: good evening i'm charles payne. another monster day for the stock market as all the major equity embassies hit all-time highs. many of you are now eager to get back in. but you're also ready to make huge mistakes. i have one of the best lessons for you later on in this show. but first, congratulations. it's been one day since president trump declared the u.s. will withdraw from the paris climate accord and guess what? apocalypse hasn't happened yet. the president deploying his army of patriots today to defend that decision of putting america first and into the trenches, they went. watch. >> the arctic ice shelves
6:01 pm
melting. why are the highest temperatures of the decade -- essentially the hottest temperatures we've seen on reco. >>e've actually been in a hiatus since t late 1990s. charles: joining me now one of my favorite climatologists peter morici. peter, the fact of the matter this wasn't even about climate, was it? it was about economics. >> absolutely. this deal was a terrible deal. i wrote that in the watch man times two years ago and on fox's website and so forth. i mean, basically it committed china to start cutting back co2 emissions in 2030 and until then, it could grow. heck, our emissions are lower now than 1990 because american industry has been responding on its own. it does not need the administrative states. by the way, i have sandbags by my back door. and they didn't get wet. charles: yeah, i got -- i am on a rowboat this weekend, though. i'll keep it somewhere in the house, maybe the garage just
6:02 pm
in case. it feels to me, peter, and maybe you can help me here. former president obama and europeans always kind of had this social justice, do the right thing for the environment thing, and they make and form these policies and then try to add an economic vinier to them to make it seem like there was a reason for doing it, other than the fact that, you know, they -- environmentalists came first. >> well, my feeling is the economic problem went away. our big concern was the switching from coal over to other fuels for electrical utilities and making cars more energy efficient. well, the reality is technology is chging very quickly for the cars ande'll bin eleric cars before you know it. more than that, the internal combustion engine is getting more efficient at all times. shell gas has changed the whole equation. it's now cheap to be environmentally cleaner, according to the environmentalists, and that is indeed happening. unfortunately, this is not going to do a whole lot for west virginia, simply because
6:03 pm
the price of natural gas is doing it, and it doesn't need th the government's help. charles: let me ask you also along that line, those lines what a lot of people are saying is that this now will allow china in particular but other nations to leapfrog america with respect to the next generation of the electricity or energy, you know, from solar panels to wind because we're not going to subbeddize that stuff anymore. do you agree with that? >> i don't think so at all. american businesses are in more than half their profits abroad. they are moving very rapidly into these technologies because they're being mandated by foreign governments. let's face it. but more than that, they're moving into these technologies because the economics is changing. it's changing very rapidly. and so they want to be out there, and they want to participate. companies like general electric and so forth. they're upset with president trump because they like inconsistency of regulatory policy. but heck, consistency -- you know, when the government interferes too much, let the market do the job, the market will be fine on this.
6:04 pm
charles: all right. speaking of ge, headline ss this morning that they're sending a $1.7 billion wind platform to the north sea. think they want to have their cake and eat it too. peter, we'll see you later on in the show. we want to bring on a panel togues. jillian and tom. tom, you've been on top of this stuff for years as well. you've been pretty adamant about all of it. >> yeah. i think president trump made a really courageous decision because he was facing a lot of heat. he was facing heat fill the g7, even facing heat from members of his own family. but yet, you know, he listened i think to scott pruitt is one of the real advocates of this deal. at the end of the day, president trump is a ceo. he looks at the risks, the costs, and the benefits. and clearly with huge cost and very few benefits, economically for sure, there was a big negative. but also the environment, there wasn't a huge environmental benefit, so he made the right decision, a courageous decision, and let everybody else complain because they're going to do it anyway. charles: yeah, and the press conference today, the first
6:05 pm
question of course, guys, was does president trump believe in global warming or climate change, noel? and i think scott pruitt, who, by the way, was masterful. i mean, he handled this guys pretty good. the guys and gals in that pressroom. but what do you make of the narrative that this is about climate america hurting the rest of the world in a self -- very selfish move. noel, i'll ask you first, and then you can reply. >> the way i'll look at it is donald trump knew he was going to get a lot of flak for doing -- you know, making this move pulling out. charles: but flak from people who aren't his constituents. they didn't go to the polls for him. they didn't vote for him. >> they don't and economically, it put us is a disadvantage. but what i will tell you is that you have to look at this from their point of view. liberalism is kind of like a religion. and you ms with mher earth, you messed with basically a culture or a belief system within the liberals. that's why you see so many governors. you have the governor of washington, new york, and california coming together to
6:06 pm
do a coalition to pick up, you know, where -- to help make good where the pay risk climate change deal is going on. they're going to form a coalition for this. charles: president trump also left open, jillian, the idea of going back to negotiating tables. saying, hey, you know what? this wasn't about the environment. it was about climate, but it was a bad deal for the american taxpayer. >> yeah. you're absolutely right, and you wrought up social justice a little bit ago. i want to talk about that because i think there's a huge social justice case for not participating in the paris climate conference. paris climate pact and here's why. so low-income families, families of color contribute a far larger portion of their take-home pay to electricity bills. to accomplish what we said we would accomplish under that tax, we would have had to increase the electricity bills by about 20 to 30%, and that's going to hit this families the hardest. i actually know what that's like. when i first moved to new york city, i was sharing a studio apartment with two girls. we called it the two bedroom apartment. and actually, the air conditioning became a really point of contention. i remember in the summer, a
6:07 pm
bunch of us getting, like, creamed corn frozen and putting it on our backs to cool down because we couldn't afford the electricity bills. and i think when you're asking families to make sacrifices like that and not actually benefit in the environment that much, it's really unfair. charles: germany has gone through its own, even perhaps worse than that, and you're right. it's a killer, the idea of electricity making or breaking a household income. tom, the media went crazy. it wasn't just governors and blue states. spiegel has some pretty good things. there's some a couple of other germ headlines out the that we can't use on tv. but what do you make of the hysteria? it's really -- it's more than i thought it would be. >> well, the media has a war with president trump, and they're really playing to their tune. they're really ratcheting it up. charles: but when they say to happen, hey, it was the last few years of the hottest years in the history of the planet. the polar ice cap is melting. >> right. charles: do you care about people in other countries? when they say that the ocean
6:08 pm
is rising, what's the push back on all of this? >> well, what the left does and the media is part of the left, in fact, that's the advocacy arm. they always push the emotional arguments, and that's why i think mr. putin did a great job of staying on the message, staying on the economy, and staying on jobs. and as jillian mentioned, those are the people who put president trump in office. the people in the flyover states. the people writing these stories. they're from the west coast and the east coast. they don't represent america. charles: well, let's listen to exactly what some of the doom-and-gloomers have to say. roll tape. >> this is full nationalist america first damn the rest of the world. >> it was almost like mad lib for conservative speech. >> it was profoundly sad. he portrayed a very dark vision for the future of the country. >> this will be the day that the united states resigned as the leader of the free world. it's nothing short of that. charles: jillian, it sounded like a campaign promise.
6:09 pm
america first. it wasn't damning on the rest of the world, but it was american first. american taxpayer. american corporations. american businesses. you know, lower income people, americans first. what's wrong with that? >> look, this climate agreement was touted as this great break away of peace and diplomacy that was going to change it. but what we're really relying on is the united states behavior and -- charles: they didn't have to do anything until 2030. >> and we don't have anything to hold them accountable and open top of that, you have a chinese government where their entire legitimacy rests on economic growth. if they have a choice between retirement and economic growth, they don't have any incentive right now. charles: yeah, i have some recent photos of beijing. i do want to ask you, noel, you understand the aspect of this. the first quarter was the worst ever for the dnc. could this help them? could this reenergize them in terms of raising money? because now they have a central cause.
6:10 pm
>> with the very liberal base, it will help them with fundraising when you have people like tom stire and their environmental pacts. but on the everyday issue, charles, people care about a job with they care about food on the table. really, obama didn't get elected on climate change, and i don't think these midterm, i don't think that the big campaign deals are going to be climate change. charles: right? >> and people that transferred and voted for obama and then trump, these were union people. these are not the climate change. >> pennsylvania, ohio, michigan, wisconsin. >> right. >> i think on the election, they're on antiscientific on this issue. if you look at what clean power plan would have done, we're talking about the u.s. contribution being 200ths of a degree celsius. we're talking about the impact on rising water levels. that's nothing. and ask americans to sacrifice so big to accomplish so little. it's unreasonable. charles: especially to those folks who actually propelled president trump into the white house.
6:11 pm
thanks a lot. just when you thought kathy griffin drama couldn't get any weirder or offensive, well, now she's the victim. >> there's a bunch of old white guys trying to silence me, and i'm just here to say that's wrong.
6:12 pm
6:13 pm
6:14 pm
>> if you don't stand up, you get run over. and what's happening to me has never happened, ever. in the history of this great country. he broke me. he broke me. he broke. and then i was, like, no, this isn't right. this isot right. charles: kathy griffin has a serious melt down, of course the alt left provocativer. there it is right there. she posed with a bloody imitation of president trump's decapitated head.
6:15 pm
and now all of a sudden he's the bad guy. he and his family are attacking her. this goes beyond perhaps liberal hypocrisy. but it doesn't stop there. roll tape. >> the message is clear. criticize, lose your job. and that's what happened to kathy. charles: so if everyone who criticized the president lost their jobs, then there would be 138,000 -- there wouldn't be 138,000 jobs added to this month's jobs report. here to discuss, gregg, let me start with you. even though madison just got her law degree, and i'll be weighing in on her expertise as well. you written that legally, it's a felony to knowingly and willfully make a threat against the president of the united states. his decapitated head comes very close, no? >> yeah. the secret service contacted her. they're investigating. yeah, it's a crime. the trouble is they would have to prove that she intended to
6:16 pm
instigate an assassination of the president or some other violence against the president. that's very hard to prove. in terms of the other legal case, defamation, the president could actually try to sue her. parody satire protected speech, so is art and opinion is despicable and deeply offensive as what she did, you know, it probably would not survive a defamation case. charles: there is speech, though, that violates the first amendment. there are certain forms of speech that can be considered a crime. hate speech. >> yeah. hate speech. yelling fire in a crowded theater when there's no fire so on and so fourth. but none of that would apply here. i mean, look, the fact that kathy griffin didn't anticipate the enormous public fall out suggests that she's as dumb as a bucket of hair, and then she compounds her stupidity by trying to claim
6:17 pm
the mantle that she's the victim, even though she victimized the president, his family, his children, and so on and so fourth. i mean, lisa bloom ought to be ashamed of herself for trying to pedal that farce. charles: well, madison, she is trying to pedal it, and it's sort of shocking that kathy griffin would actually hire an attorney, and you wonder where it goes from here. >> right. i mean, i think from the very beginning, this was a desperate ploy for attention for someone with a failing career, quite frankly. and i've said it before. i'll say it again. just because the first amendment gives you the right to say something, doesn't mean it's what you should be saying or doing. she crossed the lines here. people on both sides of the line agreed with that. and she's taking a play right out of hillary clinton's playbook blaming everybody but herself. and in that press conference, she took time to blame the president, the president's family, tucker carlson, old white men. i can tell you right nowhe's not getting fired just because of old white men. i'm not an o white man, and i guarantee if i owned a club or restaurant that had her scheduled to perform, i would
6:18 pm
fire her from the gig too. i think it's absolutely radio ridiculous. she needs to sit down and shut up. charles: well, madison, she's not sitting down and shutting up. neither is hillary clinton. what do you make of they're trying to at least thrust themselves to the forefront of women's movement like they're the representative of representatives of women and the struggles and victim hood of women in america these days. >> i think it's embarrassing because there are real struggles that women face in different areas of life. and for them to get up there and say my personal failures and bad decisions are sexism just takes away from the people who are really affected by that. hillary clinton lost because she ran a bad campaign. kathy griffin, you know, struggles in her career because she's not really that funny. and what she did like i said before, crossed the line. charles: gregg, i've been reading articles too where she actually before this said that baron trump was fair game. she suggested or hinted that she would go after him and
6:19 pm
apparently he was watching tv when all of this unfolded. and this had a devastating impact on him. again, maybe there's no legal case here. but there's something so terrible about that. >> she is a person who would do anything for attention. it's this sort of look at me, lookt me. i mean, look at all the her stuff she's done. undressing in time square on new year's eve on national television. that was pretty awful to experience. we were all traumatized by that. look, we know attention getters in our life, they're sort of pathetic all rolled into one. she's the quintessential attention seeker and, you know, she glommed onto lisa bloom, who would walk a mile for a camera and a controversy, so there you go. charles: perfect match. guys, thank you, both, very much. what if i told you that germany chancellor angela merkel and ge ceo made threats that could actually be music to your ears and your wallets? that's right. american taxpayers, maybe we
6:20 pm
won't have to do all the heavy lifting after all. we'll be right back ♪ say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab.
6:21 pm
6:22 pm
6:23 pm
charles: so remember when angela merkel said europe might have to go to loan? well, she was joined by ge ceo who tweeted this last night. the paris agreement, climate change industry must now lead and not depend on the government. you know, i think both of them met meant those comments as threats. but wouldn't it be great if taxpayers stopped subsidizing nations and businesses? here togues, peter morici is back with matt welch. kristen, let me ask you. to being i said to myself.
6:24 pm
>> i'm somebody thanks markets are great for solving problems. it doesn't mean that i don't think there's no role for government, especially on the issue with the environment. dealing with internallities when i do something that causes harm to something else, the government has a role to step in there. but that's very different from massive subsidies from industries and stuff like that. so to the extent that we can have some kind of framework that protects the environment but markets do what they do, i think that's a good thing. chles: matt,f course angela merkel upset about the whole g7 nato meeting and, you know, the rumor that maybe they'll create their own army or armed forces. i think that's music to the ears of american taxpayers, and we just came from eight years of government picking winners and losers. subsidizing, overwhelmingly these big projects like three $2.3 billion solar farms that ended up with ten employees who don't work while punishing
6:25 pm
businesses like coal. >> angela merkel; right? we've been helping to guarantee the peace and security of western europe for the last 70 years and rightfully so. it has been a wonderful project. it's amazing to watch the political class absolutely freak out because she made these comments about how we can't completely rely on the u.s. to depend on our future and our fate. well, you know what? that sounds kind of good. donald trump might have kind of blundered his way into that. he might have said silly things about the trade deficit with germany, which i think are silly. however, germany should be doing this. emmanuel macron should be the guy standing up to vladimir putin more than donald trump is, and you're absolutely right. we should not be picking winners and losers. the way to get cleaner, and this is the trend anywhere with the environment is to get richer. richer countries pollute less. right now, we're kind of on target to go through and get to those levels of the paris agreement that barack obama promised because of fracking, which we talked about earlier in the show. so don't do things that let you get less rich. charles: well, peter, we've
6:26 pm
spent billions of dollars saving the world, in particular saving europe a couple of times. if they can't pay 2%, i don't know on how they're going to raise money for their own army. but, again, it sounds like music to the ears of american taxpayers that all of these these people are indignant they can't get president trump tout their mission before americas. >> there's germany not spending enough on defen and huge trade surplus. trump was right on that, and i have support on that issue from modern democratic economists, not people that were associated with clinton. there are a number of studies that are coming out that that's a problem and requiring them on to spend more is good news. it is absolutely absurd that we should be guaranteeing german security with our money and the lives of our young people. when they will not go in harms way, and they spend half as much as we do as a share of their gross national product. you know, this is great. i think what angela merkel was saying were things to try to motivate the political -- the
6:27 pm
voters in germany because she has been inclined to move in that direction and has received political resistance. so all of this is good. i view donald trump's trip to the middle east and europe as a great success. he motivated people to do a lot of very positive things. we don't have time to go through them all now. but he certainly did, and this is one of them. charles: kristen, i do want to ask you. elon musk is one of the guys who quit the advisory board. also an extraordinary recipient of taxpayer subsidies for all of his businesses. he flies around in one of the most beautiful private jets you could imagine. do you really think he's going to walk away from any of those freebies from the government? >> well, i mean, look, i would love for everybody in america to be able to drive a car that doesn't emit a toof carbon, but i don't want the government to bankrupt so that companies can get rich off of the process of doing it. if elon musk wants to quit the
6:28 pm
president's counsel, i'm fascinating pulling out of the paris agreement that didn't have much teeth to it in the first place that this is the red line that's making a lot of these ceos walk away from the president. it seems perplexing to me, for sure. charles: it seems to me they already have one foot out the door. guys, thank you very much. meanwhile, former fbi director james comey is set to testify next week. but could president trump actually get in the way? there is a chance he could stop it legally. we're going to discuss that with an all-star panel. next. as soon as i left the hospital after a dvt blood clot, i sure had a lot to think about. what about the people i care about? ...including this little girl. and what if this happened again? i was given warfarin in the hospital, but wondered, was this the best treatment for me? so i asked my doctor. and he recommended eliquis. eliquis treats dvt and pe blood clots and reduces the risk of them happening again. yes, eliquis treats dvt and pe blood clots. eliquis also had significantly less major bleeding
6:29 pm
than the standard treatment. both made me turn around my thinking. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. ♪ seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. eliquis treats dvt and pe blood clots. plus had less major bleeding. both made eliquis the right treatment for me. ask your doctor if switching to eliquis is right for you. when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™.
6:30 pm
liberty mutual insur.
6:31 pm
mattress firmness? fortunately there's a bed where you both get what you want every night. enter sleep number and the semi-annual sale going on now. sleepiq technology tells you how well you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store... oh, and right now, save $200 on our queen c2 mattresses now only $699. ends sunday. go to for a store near you.
6:32 pm
charles: former fbi director james comey scheduled to testify on capitol hill next thursday. all eyes will be on this but here's the thing, we are learning perhaps president trump could try to block only from testifying and discussing the conversation by asserting executive executive privilege could write a senior adviser kellyanne conway said president trump will decide whether to invoke those presidential powers next week. joining me now to discuss gregg jarrett and tom fitton. let me ask you first, this is the moment of truth, the moment we have all sort have been waiting for. not too long ago earlier today senator graham said he thinks this whole thing is going to turn into a hit job or could turn into a hit job on president trump. your thoughts? >> certainly the reports and comey has been fired about his
6:33 pm
disgust for the president shows that he doesn't like him and doesn't like to testify in a way to make the president look good but that's neither here or there politically and frankly that will probably make call me look bad if he betrays confidences. i don't think the white house should prevent comey from testifying even though they have probably a legal leg to stand on. a legal right to but if comey is smart he will testify generally about his impressions from the meetings with the president without disclosing the specifics of what he was told. you just cannot have fbi detractors betraying confidences like that and comey despite his biases against the president i hope is smart enough to understand that he can't disclose without breaking confidence. >> certain things will be redacted but the key here is all these memos that he wrote and the phonecalls and meetings that they are asked to read those outlawed verbatim then it might
6:34 pm
turn into some form of a hit job. if he went home after one of those meeting said said the president push me around and he typed out those words. >> my guess is the most incriminating part of it was to the reporter by the colleagues of james comey and that was flynn is a good guy and i hope we can be clear. hoping and wishing that something happened isn't the same as directing and ordering which could arguably be obstruction. obstruction. c i would encourage the administration to take this approach to release the comey notes, all the memos he wrote. the clintons and the meetings between bill clinton and loretta lynch. are there notes like back? if he was only writing notes about donald trump certainly it suggests he added in for donald trump. if their other out there and memos to the file buddy was writing after meetings with other political meetings with
6:35 pm
administration's previous day should be released as well. my view is let it all come come out the dutchess rowan's testimony. let's get the document out there so people can judge them themselves. charles: executive privilege, could they use that? >> they could invoke that lawyers probably won't. their lawyers have -- you commented publicly about the conversation and it would be political suicide like the president is trying to cover up criminality when in fact there is no crime if the words are as stated in comey's memo. charles: let me ask you about the other part of the white house legal document to travel moratorium being pushed to the supreme court. >> it has a better chance in the supreme court. kennedy will be the swing vote so we'll wait and see but with the lower courts did is they well exceeded their authority by looking campaign rhetoric. the supreme court itself is
6:36 pm
never done that in my guess is the supreme court will be critical of the lower court judges for doing that. campaign rhetoric changes all the time. you can't hold that against the guy when he becomes president and when he justifies within the order the reason national security foraming thsix nations. charles: tom how are you going to handicap that? >> i think the president is likely to have his order reaffirmed if not immediately over the immediate term next fall but it's absolutely right that analysis and not only that but the courts let their anti-trump animus get in the way. basically what they have said is if the other president had done this it would be okay but because president trump said a few things here on the outside as you have pointed out during the campaign he can do what would otherwise be legal for any other president. this anti-trump animus is not only to arrange in the media,
6:37 pm
some in congress and some in the f. a. i but it looks like some court judges are getting bound up in the craziness too. charles: gentlemen thank you both very much and meanwhile the major avenues keep chugging along. you know what i always say, rev up at diesel. my take on it. i'm going to make you some money. we will be right back. break through your allergies. try new flonase sensimist allergy relief instead of allergy pills. it delivers a gentle mist experience to help block six key inflammatory substances. most allergy pills only block one. new flonase sensimist changes everything. thithis is the new new york.e? think again.
6:38 pm
we are building new airports all across the state. thitneads and bridges. york.e? think again. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at
6:39 pm
charles: and executive says that a third body has been recovered from the rubble. authorities are investigating what exactly led to the explosion.
6:40 pm
charles: the stock market confusing after the job report the number of labor statistics. he came opposite below the lowest estimate of 100 economists out there in the survey.
6:41 pm
i think it was way off but there were a couple of points that made sense and in the end i think that's probably what helped the stock or could look beyond this backward looking date in the first place so that said the unemployment rate, the real unemployment rate declined to 8.4% from 9.4% at the beginning of the year to 9.7% a year ago. guys that's absolutely huge and then there were the increases in construction and mining jobs. that matches the strong trend for selected in the job report from adp. i continued to believe that you have to be these industrial names and material names. i promised you a special report and i will have a complete of the weekend. in the meantime let me give you a investment lesson. last i exchanged e-mails with one of the viewers and it disturbed me so much i had to share with you tonight to the notion of knowing what stock is
6:42 pm
a bye based on the share price and then compounding that with the idea that the lower the share price is the greater upside is the biggest killer for investors particularly a beginning investor. if you were sent me an e-mail and says hello i'm interested in joining your group although i'm concerned that you are only pushing large-cap stocks. a recommendation to buy tw at $140 is ridiculous for the average investor. my reply with all due respect judging investments based on share price of valuation. large-cap stocks do not have limited upside. you are itching to make every mistake in the book. starting with topline growth pricing power market share gains market expansion positive cash flow trends balance rate trends technical moves and formations and finally management history and execution. let me tell you something you do not have to be rich but you have to be smart and not swing
6:43 pm
blindly for the fences. the bottom line is you the viewer, the investor must own great american companies. they are easy to measure monitor and yet even the best companies can tap overbought stocks or oversold stocks that basing an entire portfolio on a proposition of buying so-called cheap stocks is investment suicide. i like what i'm seeing with the hard data overall in this economy and i love what i'm hearing fomanagement and i really think this rally continues and of course there could be some bumps in the road but don't thing -- make this -- america's coming back in the stock market is a reflection of that. by the way we have a special programming note for you. tonight "wall street week" 8:00 p.m. and maria bartiromo who will interview home depot co-founder kendall and john.
6:44 pm
ken langone. >> i think the opportunities of america the next 25 years no matter how hard our politicians try to screwed up the opportunity is phenomenal. charles: after watching "wall street week" catch a new episode of bob massey the "property man." coming up here the federal student loan program spiraling out of control to the trump administration said something that president obama created. a serious mess and it has got to be cleaned up. we will be right back. there's nothing traditional about my small business. so when it comes to technology, i need someone that understands my unique needs.
6:45 pm
my dell small business advisor has gotten to know our business so well, that it feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪
6:46 pm
your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™
6:47 pm
liberty mutual insurance. charles: betsy devos coming under fire from democrats for trying to clean up president obama smith. democraticenatorlizabeth warren scrutinizinthe education secretary's handling of the federal student loan program even though it increased by more than 900 billion and
6:48 pm
surpass $1 trillion. we talked at one point 1.3 trillion most of that under president obama's watch. here to discuss joey melcher along with joey called i know. in 2007 the federal government had direct student loans of $106 billion to 7 million americans. fast-forward now and it's almost a trillion dollars to 32 million americans. they were handing these things out like candy and now they are watching betsy devos. yeah it completely and totally belinda i've got to say as the millennial on this panel most of us young people we definitely have student loans. the truth of the matter is when you think about people like elizabeth warren who launched a resistance group to betsy devos for consideration i believe is to get the young people to rally when she runs for president in 2020. i know she thinks that she won't but i believe she will.
6:49 pm
she is looking to bolster her candidacy on an issue like this. totally disenfranchises the process that betsy devos is just getting in their eliminating some of these regulations that are surrounding student loans and the protection that were in place simply because some of the unscrupulous practices that were there but not anymore. >> here's the thing, we talk about a potential ticking timebomb the first quarter this year the 90-day delinquent if student loans at 11%. betsy devos may have to take some kind of critical action and there are day setting the stage. >> actually the budget tha president trump post even though it is a first line and will change talks about potentially getting rid of the subsidized federal loans. there are subsidize an unsubsidized federal student loans. there has to be some kind of reform here because it's not just the number of people but that linklean sees. you mention 40% are just not paying their bills.
6:50 pm
they just decided not to and another thing that obama offered a 10% cap on student loans and they would be forgiven after 22 obsessed 12.5% income caps in 15 years they will be forgiven. there's a lot of wiggle room here and this is all political. charles: paying less on donald trump's proposal but it feels like they are politicizing for the recent. >> education has gotten so political these days. it's about the quality of education and the ability of people to pay them pack. there isn't interesting gallup poll that just came out a talks about students having a rover dragged in there this choice of major. what we are seeing on college campuses is students issuing these commands and i is a young person am insulted by that. i could never see myself protesting for an administration to give me roles.
6:51 pm
striving up the cost of college. >> there has to be a change of this mindset even though obviously education is important vital but there is to be change in the mindset that that's the only way to success. there are vocational schools like you mentioned and it's great to take a break for couple of years before you go to school and if you use those years this intelligently. charles: president trump increased the pell grant in his budget for those who would normally rely reliance did once you've given them an opportunity with a little mark of roubini to get through college without taking on all this debt. charles: all right guys thank you all very much. i feel old with you guys. in the meantime vladimir putin turning the tables on those russian collusion claims. one of our former colleagues will tell you all about it in his shocking response, next. did you know 90% of couples disagree on
6:52 pm
mattress firmness? enter sleep number... she likes the bed soft. he's more hardcore. you can both adjust the bed for the best sleep of your life. save $700 on the temperature balancing i8 bed. ends sunday. go to for a store near you. ifover time it canr fromlead to cavities and bad breath. that's why there is biotene, the # 1 dry mouth brand recommended by dentists. biotene. for people who suffer from a dry mouth. ♪
6:53 pm
6:54 pm
♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at
6:55 pm
charles: russian president vladimir putin shutting down the russian collusion claims today calling them quote hysteria. putin also slugging off comments between diplomats and members of trump's campaign. the most recent being a secret meeting between jeff sessions and russian's ambassador to the u.s. sergey kislack. joining me now to discuss kiersten, anderson is back, tom is back as well joined by gina as well. gina, i have to tell you something. vladimir putin was on fire and the crowd loved him. >> earlier was, and you don't usually see that level of passion out of him, charles. usually he's a little bit more subdued. this struck a nerve with him, he's tired of it. he probably has things that russia would rather be handling oh, i don't know,
6:56 pm
terror than this ridiculous conspiracy theory. and it's funny because, charles, it's like they have gotten their hysteria, their conspiracy theories all confused now. they say on the one hand, this was supposed to all be happening during the campaign; right? but then the accusations are all in december well after the president was inaugurated. still has nothing, charles, this big nothing burger, to quote hillary. charles: i think that was the main point of all of this of, hey, there's a lot of speculation out there, unnamed sources, anonymous sources and very few people have actually read reports or know the facts. >> sure. but what i can't fathom is why so many people who consider themselves patriots and who love america can't seem to help themselves but want to believe that vladimir putin is this great guy, and he's so innocent. i frankly think than the just regarding whatever happens with the election, which i think should be fully investigated, we'll figure out theins and outs of that as the investigation proceeds.
6:57 pm
but the fact of the matter is that putin comes out of the kgb, he's been known to not be such a great guy. just four years ago, the president said he's our biggest ally, so putin to have this desire to say, oh, gosh, he's so great. there's nothing there because he said so. why so we trusting of a foreign leader? charles: i guess, tom, the bottom line is people don't know what to trust because they've lost all faith in the media, which seems to have an axe to grind and, again, a lot of the story itself is based on anonymous sources and tips and memos, and these sort of things. a lot of cloak and dagger but no fire with the smoke so far. >> well, with respect to mr. putin, you can trust a communist to be a communist. so he's not really trustworthy one way or another. but when it comes down whose helped putin are the anonymous sources who are blown up our intelligence operations with
6:58 pm
respect to spying on him and figuring out what his people are doing and saying and talking about. now that we know we're doing that and who knows ended as a result of our intelligence gathering as a result of these illegal leaks designed to take down president trump. in order to do so, they're helping president putin by making it harder for us to figure out what he's up to. charles: so, jean wab how confident are you that we will ultimately get to the bottom of this? listen, conventional wisdom says that russia medalled in our elections. but it feels to me that the larger legal issue revolves around the unmasking and leaking of names. and then to tom's point also making it harder to make any kind of intelligence surveillance of vladimir putin in the future. >> i think that russia has always and probably will always try and medal in our elections just like we medal in other country's elections. i'm not excising it. i think it's horrible. it's just the fact, and i think it will continue to be the fact. but the first person that
6:59 pm
brght is u let's remember was donald trump himself indicated that he was concerned that there was medaling going on in the election. it doesn't seem anyone was very concerned about it then. but now that it's convenient for them to try to find escape goat on their devastating loss, they're saying something happened during the campaign when the only person talking about that possibly happening was donald trump. remember that? charles: yeah, of course we all remember that, kristen, and you brought this up with vladimir putin i think is a valid point. but does it say something about our country when we've lost so much trust in the media that we start to say, hey, maybe the kgb guy might be right. >> well, look, i think there is a lot of conspiracy theorizing happening on a lot of different sides of this question because there are about 8,000 different facets to this. there's what did russia did? there's what did or didn't trump and his team do? there's what did or didn't the intelligence community do? so there are tons of different facets to this, and i think it's a shame that people have the ability to feel so distrustful of our
7:00 pm
institutions nowadays that they can get led by conspiracy theories that absolutely no one who is in power today can do anything good and everybody's in the pocket of everybody else. charles: you guys were fantastic. have a great weekend. now here's lou dobbs. lou: good evening, everybody. the trump administration confronting north korea with a show of force. two u.s. carrier strike forces led by the uss carl vincent and uss ronald reagan today carrying out joint exercises with japanese destroyers in the waters off the korean peninsula. a dozen american ships participating along with two japanese south defense ships navy f18 jet fighters also taking part in simulated combat with japanese f15s, part of three days of these exercises, sending a message


info Stream Only

Uploaded by TV Archive on