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tv   Cavuto Coast to Coast  FOX Business  September 22, 2017 12:00pm-2:00pm EDT

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ashley: we're almost out of time. looking at markets before we hand it over to neil cavuto. if you take away apple, and unitedhealth, those two stocks we're in the positive. not too bad. 22,336. neil cavuto. neil: trying to use the scottish accent. weren't you. ashley: we heard your scottish accent. neil: that's fine. ashley: i think i described it -- neil: couch the markets if not for apple, it is what is. neil: fine. are we down or not? thank you, ashley. ashley: you're welcome, neil. neil: what does leave? ashley: not soon enough. neil: thank you, my friend. we have a lot going on here. all eyes on north korea. what will it do? kim jong-un now calling donald trump mentally deranged. the president calling him a madman. in the middle of it all
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north korea wants to test the hydrogen bomb over the pacific ocean. that should go well. defense stocks, lockheed, northrop grumman, jumping on the idea this is a get a little wacky. former cia analyst tara lackey, if he goes ahead to do a launch or nuclear test over the pacific ocean, he would have to give the world a head as up, that in region test is going on, knock out electronics. for planes could be very dangerous, they could fall from the sky. they have to be cognizant of that. where do you think this is boeing? >> this situation is getting very somely indicated. it is escalating, north korea ratcheting up provocative behavior out of north korea yesterday. sanctions were put in place by
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the u.n. china instructing banks not to do as much business with north korea. the trump administration issuing a executive order yesterday giving a lot more flexibility and latitude in terms of imposing sanctions on north korea. and countries doing any potential business, financial transactions were north korea. you have escalating pressure on one hand. but you don't necessarily see that, returning to north korea and provocation. what happens you need to ramp up pressure, the trump administration is doing a good job. you need a timetable of some sort of a work towards a diplomatic effort. throughout history, sanctions alone don't tend to change behavior. there needs to be coinciding diplomatic channels to get some sort of a positive diplomatic outcome here. we don't want -- neil: good luck with that, right? the very fact that china announce this is move in an agreement with donald trump, to have its central bank forbid all chinese banks from doing business with north korea, then,
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kim jong-un comes out with this idea of an above ocean test, a hydrogen test sometime in the near future. so, that seems as in your face to us, as it does the chinese, as it does to the rest of the world. where is this going? >> it is and i don't think -- there is provocations going on both sides here. i think we need to temper the language a bit. people dismiss the twitter wars. language is important but accidental escalation can occur, not in just in terms after nestle crisis. we don't want missiles launched to territories like guam. neil: what did he does the hydrogen test? furthermore announces when he is doing it, brings up issue where planes in the region could call from the sky, then what? that would be a provocation. that i'm sure in the eyes of some would be deemed an act of war, would it?
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>> it would be an extreme escation laugh the situation as any missiles launched towards a u.s. territory. to be honest i thought he would do a provocation like that. seems he took it another direction with this hydrogen threat test, very concerning and very serious. what you will need to see happen here, you will need to see the chinese, the south koreans, japanese trying to pressure north koreans financially with trying again, you need to get parties to the table. even if that means a short-term agreement, like a cease-fire, conflicts like syria. you do a short cease-fire. it will not last or be perfect but ratchet it down temporarily to create windows of opportunity to happen. it will not be an agreement to be longstanding. you really need -- that is what diplomacy and u.n. is for. the security council there to impose sanctions and get it solutions. i'm in full agreement what the trump administration is doing on
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sanctions front has been 100% correct. what i'm saying we're missing a plan or i haven't seen one, what are the options there? that doesn't mean concessions. it means options for shorter term negotiations strategies to ratchet down tensions in the short term to buy some time. so prevent potential hydroagain test in the pacific. neil: anything like that. sara, thank you. >> thanks. neil: tara malar, former cia analyst. fallout, asian markets mostly lower on the latest threat of north korea. a lot is riding on china, whether china can make good in its promise, to prohibit all banking relationshipses with north korea. we have a harry smith and we have riley waters. riley, your take on this, whether the chinese can rein him in? i find it interesting the part
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of kim jong-un for the test somewhere in the near future comes despite maybe because of the chinese, you know, tightening the financial spigot. what do you think of that? >> so china has a reputation of sort of doing the minimal necessary requirements, especially regarding sanctions. regarding the statements that have been coming about about the peoples bank of china, telling its banks not to do business with korea i think it is a step in the right direction. it will come down of course monitoring whether these tanks take that -- neil: how can we monitor that, by the way? because it seems kind of tricky. how do you monitor that? >> there is no easy way of course to honor these companies. it will be through both treasury department, through, our friend and allies overseas as well as they monitor what china is doing and what north korea is doing. but, i think one way to sort of you know, keep china line, through the executive order signed yesterday imposing additional sanctions on entities
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that do business with north korea. neil: i think everything changed with this, you know, promise, threat, whatever you want to call it on part of the north koreans to test the weapon over the pacific ocean. it would be the first atmospheric test since what, october 1980. going back to china at the time. those are scary. i remember that pretty well, to show you how old i am. that scared the entire world. anything could go wrong. we were worried about planes going down and low orbiting satellites and the rest. the reason this is not commonly done. china learned that after that, but north korea, what do you think? >> i don't know. it is certainly highly provocative especially considering the idea of an active hydrogen bomb flying over the northern territory of japan itself is completely escalatory. the sanctions that have been put in place in the short term and
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long term, we're always part of the long-game process. arguably the u.s. and u.n. and our allies have rarely done enough in the future. the more recent sanctions are a step in the right direction. the question is, i think what you're alluding to is, is it too little too late? neil: all right. when we look at this, i do want to go to you here, is it your sense this is going to escalate now? >> well, i think we're realizing that north korea is a violent, communist dictatorship, and it has been that way since the soviet union established it in 1948, and what china has done, i don't think they have seen the light. it has been result of the united states pressuring them. we need to ask the question, why china has been supporting north korea diplomatically, trading with them, hosting some
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40,000 slave laborers from north korea on chinese territory. cooperating with -- neil: you have your doubts about how cooperative china will be, right? >> i do. i do. neil: so let me ask you this then. would it be provocative act, act of war in your view, if they were to do this atmosphere test, especially unannounced or without warning? >> i'm sorry you have to repeat the question. can't hear you. neil: if they go through with this test to do a hydrogen explosion test over the pacific ocean, and they don't warn people about it, they don't do it, is that a provocative act? is that an act of war? >> well, absolutely. north korea has been on a war footing with the united states since the cease-fire end of the korean war. >> what do we do in response if they go ahead and do that? >> well that is for u.s. policymakers to decide. president trump will have to make that very difficult decision. it is going to be more difficult
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now to contain north korea and achieve a free government there than it would have been 10 years ago. and that is partly because the chinese government has supported north korea's regime. neil: all right. so riley, the question then becomes, how much further pressure china could exert, and this is just my opinion, looks like china can, or they have a rogue frankenstein on their hands because of timing of this threat, even after the chinese announced they will freeze all funding through their financial institutions, then we have got even bigger worries, right? >> right. so china can impose much more action. it all comes down to, how much they're actually willing to invest in monitoring these cost cost. at same time they're trying to balance a stable relationship with the united states itself. so we have a couple of big events coming up. both the 19-party congress where leadership might change, not the top level of course, but at lower levels for china to
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measure in ways these national security concerns but you have also got the trump visit, trump's visit to asia and china this november. again measuring the balance of u.s. china relations in that context. of course north korea will be a major talking point at both of these instances. neil: gentlemen, i want to thank you both. things are moving fast and furious here. one last peek if we can, guys at the defense and related stocks. they are the group up smartly. since a lot of sabre-rattling, you can pick a time period but they're up double digits since that time. we're going back more than a month when they were doubling up and number of tests and missile launch muchs and the like. the latest -- agitation many are up on the combos and like but not for asia. it is happening in their neck of the woods and they're getting rightly nervous. we'll have more after this.
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looking. what are you hearing, blake? reporter: as of now they appear a couple votes shy. they need to get the 50-vote level. mark short, head of legislative afairs, the 4 to watch, rand paul is no, john mccain, lease murkowski, and susan collins if those defect, this thing would be killed. there are two very specific words that are defining this debate and that is affordable and accurate. here is why. graham-cassidy allows a waiver to rid themselves of the obamacare mandate that preexisting conditions need to be covered. however the language of this bill also states if the states end up seeking that waiver, they need, and i'm quoting here, they say the state need to show how and it intend to maintain access
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to adequate and affordable health insurance coverage for individuals with preexisting conditions if such waiver is approved. that is the language of the bill. on one hand, some sponsors say it is in there. you have got protections, no need to worry. however, those who are against this, mainly democrats, a lot of industry groups say that is way too ambiguous. it leads to a slippery slope. >> it brings us back to the days when insurance companies could discriminate against people with preexisting conditions. the ban on discriminating against people with preexisting conditions would be gone. >> nobody can be denied coverage because of a preexisting illness. nobody can be kicked out of insurance and the cost has to be affordable and credible. reporter: mccain is a no. murkowski, collins, who am i missing here, a third. i'm sorry paul is a no.
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murkowski, mccain and collins remains to be seen which way they will go. because of that, neil, it remains to be seen whether this thing will be brought up to the floor next week. mcconnell said it is his intention to. right now they do not have the 50-vote threshold at least not yet, neil. neil: you're at the white house where the president tweeted yesterday, if graham-cassidy did not include coverage for preexisting conditions he wouldn't sign it. sound it me like preexisting conditions are going to be covered but there doesn't appear to be a guarranty those with such conditions would pay more, right? reporter: that goes to the part in the bill, it needs to be affordable and adequate. which goes to the question, what is affordable? neil: what is affordable. you're not going to pay as low a rate or premium as they are but you are going to pay more, right? reporter: right. i mean it will be affordable they say, but then again you
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know, what is that? neil: it's weird. thank you, buddy, very, very much. meantime, in the middle of all of this, the house ways and means boss, kevin brady, talking to me about the tax cut thing he wants to see pushed through and fast. signs that the wealthy may not be getting a tax cut. he reacted to that. >> we're determined to deliver the lowest rates on local businesses in modern history. neil: if the rates ultimately come out of the white house, chairman, are not across the board, in other words everyone gets their taxes cut, would you be disappointed? >> i would. so here's why. it is incredibly important i think, we close loopholes, eliminate special provisions and lower tax rates on every american. neil: all right. that is significant departure from the white house here. you have the house ways and means chief, first guy putting this together, saying that if the white house follows through with a plan to leave the rich out of it, he would be
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disappointed. he wants across the board cut of consequential cuts in american history go back to jfk, ronald reagan, to george w. bush's tax cuts in the early 2000s. if you don't follow through on that, you will get limited impact from that. is that the case? let's ask north dakota republican senator john hoeven. senator, very good to have you. i know you have a crazy schedule today. what do you make of that? could you support a tax measure that wouldn't include the wealthy, in other words, wouldn't be across the board? >> neil, i think it would be focused on middle class and wage earners. the reality i think it will be across the board, we want to make it pro-growth. we want the economy to create more jobs, look at subs corps, small businesses in this country, we're talking about lowering rates to create more jobs an opportunity. that drivers wages up. that helps wage earner along with the tax cut we're trying to do.
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i think you will see it will be across the board. neil: you cited them, because they pay whatever the prevailing rates are, not the corporate rate, but a lot of small businesses s-corps and marginal rates. >> you have your c-corps, your s-corps you bring the business rates down, if you have a big disparity between that and top rate that creates a problem as far as difference between big business which are typically c-corps or pass-throughs or s-corp.s the case for small businesses. neil: would you support a measure out of the white house, next wednesday, senator, that details didn't include at? >> i have to look at it, neil. neil: yeah. >> the reality you will see the kind of reductions i described. i think that is what we'll see. neil: all right. >> i will look at anything the white house brings forward. we need to do tax relief and tax reform and we need it done and i'm committed to doing it. neil: we'll go back to the health care repeal well, again,
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as you know, senator. i'm wondering where are you on this cassidy-graham measure? would you be for it what you have learned thus far? >> yes. i support it. it is about getting resources out to the states, and letting them design programs working with their health care companies and health care providers that work. it just comes down to your philosophy. i trust the governor and the legislature of our state and other states to do a better job than the federal government. neil: you know, a lot of your colleagues, well, not a lot i should stress here, rand paul is only one out there on the record saying woe oppose this but their big concern is this isn't much better than what's out there right now, and there are five other republicans who are leaning, you know, potentially against it. so, let's say this goes down to defeat. then what? is it over? does it poison the well for tax reform, tax cuts, whatever you want to call it?
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>> no, no, we're committed to continuing to work on it. so obviously we'll try to get this done but we certainly wouldn't give up until we get -- we want to repeal and replace obamacare. we want health care reform. remember, look what's happening with obamacare. you have premiums exploding. you have places where, you know, we may not be able to get coverage by insurance companies. so you got to look at problems we're having under the current system. we've got to get something done. neil: do you think those with preexisting condition, what is left out of the argument here, the preexisting condition payments will get health care. the question, will they have to pay significantly more for it? the fear expressed with this plan, as you know, senator, they will. at least more than they do now. do you share that? and is that a problem for you? or that is the way it goes? >> the bill requires that preexisting conditions are covered. and that, that it has to be both
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affordable and available basis. and remember the whole objective of the legislation to promote choice and competition to try to bring health insurance rates down. what you're seeing right now is, those health insurance rates exploding. here in our state, we're looking 25% increase this year. that is low compared to a lot of other states. neil: so part of the way to keep those costs down, not to spread the costs of coverage for those with preexisting conditions so they pay a little bit more, my sense what you're saying here, hopefully not a lot more. but the goal to get -- >> that is not what i'm saying. i'm saying you have to have provision -- the law requires provision the rates are affordable. hopefully with competition they will be more affordable, not less. neil: more affordable for those with preexisting conditions than they are now? >> i think with innovation states will be allowed to do there is opportunity to bring rates down. that is the whole idea.
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we're seeing all rates explode right now. that includes rates for preexisting conditions. neil: the reason i badger on this point, senator, let me be clear, the realization is rates going up for everybody, and part of the plan thinking is to me you have to separate or have separate pools for those with preexisting conditions or higher risk diseases and like because if everyone were to bear those costs it would be higher premiums for everyone, right? >> but the law requires, if you take a look at it, that preexisting conditions be covered. neil: yes. >> be done so on affordable basis, with kind of innovation and choice and competition we're trying to begin i think -- neil: no guarranty states would be able to do that. no guarranty states would be able to do that, right? >> i don't know that people can provide guaranties, whatever scenario you have, i think we have a better chance to do to bring more rates down with the reforms we're trying to undertake. neil: understood. senator, thank you. very, very much. >> you bet, neil. neil: as senator pointed out,
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that is really the battle royale in this whole health care measure. whether those with preexisting conditions. the idea they would be thrown off rolls and not covered is simply wrong. the only question, only debate going forward, whether they would pay more under this plan than the existing plan, and whether states would be tempted, maybe encouraged for them to pay more under this plan than any other plan. and therein lies the gray area. we'll have more after this. has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp
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neil: this is a big deal. timing of it is bigger deal. north korea plans to launch a nuclear test over the pacific ocean sometime very near future. we're told as soon as could be next week. you don't normally see that sort of thing on the part of any country. last time anything was done lie this in the atmosphere was october 1980 by the chinese and
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it caused such a world outcry, we haven't seen any such tests since. that is then until now. former house speaker, multiple selling author newt gingrich what do we do right now? would that to you, speaker be an act of war? >> well, no, i think it is an act of provocation. would only be an act of war if it went off over guam or korea or okinawa or japan. but it raises the question, something which as early as 2007 i had been advocating which is, i think we should adopt a policy that any north korean launch that we have not inspected, we're going to kill on launch. there is a period, when the missile is going straight up is it is relatively vulnerable. between laser and hyper respond nick weapons we can literally kill it on the way up. look we don't wan to start preemptive war. we'll not try to change the regime but we'll not take the risk that one of these mornings
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kim jong-un is awake, let's take out seattle, that will teach them. we do not understand what he is doing. he is not rational. neil: you would shoot it down? >> absolutely. neil: there is a danger if it is nuclear, if it is nuclear you could do a lot more harm there but -- >> well, presumably the weapon wouldn't be set to go off that close to the ground. neil: right. >> it therefore you take it out before it could go off. you say to the north koreans we really don't trust you. because we really don't trust you, we're going to functionally disarm you. i think, this idea that we're going to passively sit around and talk and allow the north koreans to develop weapons that can reach chicago or new york, then take the risk one morning he decides to fire them? the cost of one nuclear weapon on an american city is so horrendous, that i think we have to have a doctrine that says we're not going to take the risk. neil: is that done in concert with the united nations?
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or we establish it? >> i think, first we have to establish it because, look, whether this is part of the point of trump's, i think extraordinarily important speech at the united nations this week. we are a sovereign country. we owe our citizens defense. we are not going to sit around talking with diplomats until kim jong-un decides to kill a couple hundred thousand americans. we'll not look back later saying oh, gee, i wish we had stopped that we have to intervene. he is telling the entire planet, the more restrictions u.n. adopts, the more the chinese isolate him, the more he says to all of us, i ain't backing down. neil: yeah. >> now there is point here we should understand, he is being sincere. he is being honest. he is just really dangerous. neil: yeah, some would say in the face of timing of this, you know, he is also being very rogue. he doesn't care what china thinks. you said something interesting, you wrote recently after the
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president's speech, it was intellectual call to arms referring to his address at the united nations. united nations sovereign members they think to it is best interests to allow terrorism and unstable rogue regimes but they have a hit of doing just that. >> sure. so do democracies. the behavior of neville chamberlain and others in the 1930 is pretty formal. democracies don't like to fight. they think to have a word where everything will work out. the entire obama foreign policy, based on a fantasy if we were nice to everybody things would get wet better. they empowered iran in ways people will look back will say was utterly insane. flying plane loads of cash, to a dictatorship, by the way the parliament voted for a military appropriation and chanted death to america. i would say to my liberal
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friend, what do you think the iranian parliament means when they're chanting death to america? i suspect it means death to america. what trump was doing, setting the base for a serious foreign policy based on national interests, and saying to other countries, by the way, we fully expect you to have national interests too. he is really repudiating the globalist idea that diplomats going from four-star hotel to gourmet restaurant to four-star hotel to gourmet restaurant somehow will solve the world's problems. i think it's a hugely important speech. neil: that there is a big disconnect there. you started this online class, for lack of a better descriptor tends to look at all of these issues but in a different context. can you explain? >> sure. we did, you can see it at defending america course.com. i decided as i looked at antifa and all these other left-wing activities i look at a lot of
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elite media, look at things going on college campuses somebody had to go back to the margaret thatcher rule, first you win the argument and then you win the vote. we need to arm american citizens with arguments why the second amendment matters, why religious liberty matters, why the constitution itself matters. i have put together a class. we have six lectures so far. available to anybody who wants to go to defendingamericacourse.com. it is based on a simple notion. america is worth defending f we don't defend it, then the people on the left who don't believe in america will ultimately win the argument and teach our children and grandchildren to no longer think that the american values, the american constitution, the american rule of law is really worth defending. neil: while i've got you, newt, your thoughts on that latest health care rework republicans are cooking up. rand paul is out against it. it will be uphill fight to see it happen next week. it might. but, even those who don't flip
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over it like chuck grassley, said something to the effect, it is not perfect but better than what is out there now, so we better rally around this thing, where do you stand on this? >> well, i think senator grassley was exactly right. i think we're in a position where people are now beginning to realize if we don't act by the 30th of september, the window closes to pass something with 50 votes. and i think they also are realizing you can't measure the bill, the graham-cassidy bill against perfection. the question is, is it better than obamacare? does it start us down a road better than obamacare? there will be follow-up legislation. there will be lots of implementation steps. but i would say, if the choice is to take the step to vote yes and start moving toward real change, or, to keep the current decaying obamacare national system in place, it is a huge
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mistake for republicans to find an excuse not to get rid of it. i think that, they're very close to getting 50 votes. i think it is still uphill but not impossible. i like the resilience and energy and enthusiasm and the fact that they're trying this hard. i think that is the right reaction to something which has become a national dessass sister. neil: all right. newt gingrich, good seeing you again. thank you very, very much. >> good to see you. neil: all right. meantime, a lot of those, percent wave of new apple products, they're out being sold. they're on the market today, iphone 8, 8 plus, so why are shares continuing to slide? we're on it after this. my friends think doing this at my age is scary. i say not if you protect yourself. what is scary? pneumococcal pneumonia. it's a serious disease. my doctor said the risk is greater now that i'm over 50!
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♪ neil: buy on the rumor sell on the fact? hard to say. this much we know, now that the iphone 8 and 8 plus phones are
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hitting store shelves and the watch is hitting store shelves the selling orders have been hitting apple stock and has been non-stop the past week. deirdre bolton outside of at flagship store in manhattan. what is going on there? big crowd, no? >> huge crowd, neil. reviewers may have waste ad lot of ink. at 6:30200 people were lined up outside of the store. the store has been open two or three three hours, at least 200 people are here. anisoleky teenager parents would buy the iphone, they said no. a little family scuffle, they moved on, hopefully to lunch. there is a guy giving out pamphlets for his restaurant, the idea of having a couple hundred captive people waiting
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on line. if you have an iphone 7, reviewers are saying that there is not that much difference for the 8. reviewers were calling it a tepid product release from the 8 and 8 plus. a lot of people were calling limbo products or middle child products, saying if you have a 7, better to wait for the 10. if you have a 5 or 6, the 8 ares interesting but they are not free. 699 for the iphone 8. 799 for the iphone 8 plus. the 10 not due out until december. but, neil, as you can see behind me here, people are showing up. they have been showing up all morning. so it does not seem to be slowing consumers down at all. people don't seem to care what reviews are. they're still here. you mentioned the stock. we've seen it lose $50 billion of market cap the past 10 days. a lot of wall street investors are very concerned what this will mean for apple. iphones account for 2/3 of
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apple's overall revenue. back to you. neil: any early read on the watch. this one that was having some difficult because it is supposed to be sort of unchained from the phone but there was issue with the cellular reception, all of that? how is that doing? >> it is supposed to be tethered i asked people as fearless producers, did you did you heart issues of connectivity? no, we didn't hear about that. we're still here to buy them. reviewers typing in vain, writing in vain, at least what we see here. neil: good for you, deirdre bolton outside the flagship apple store in good ol' manhattan. meantime other signature stock facebook is getting praise for releasing russia ads to congress although it didn't release quite all of them and there is some concern whether the praise is it premature. bottom line it is controversial. to campus reform.org media
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director, cabot phillips. what do you make of -- i understand the precarious tightrope mark zuckerberg is on here. because, releasing it information like this, then leads to demands for releasing other information in the future. that gets his customer base a little rattled whether on the right or the left, but how is this being handled thus far in your eyes? >> interesting to see how zuckerberg is stepping up to portray himself as hero. look i'm doing my best to preserve the integrity of our election process. i want to make sure i'm handing information over. let's be honest, he cares about the public image and image about facebook because congress was trying to get him to hand over the information. he was saying no, no, doing everything he can to shift the blame and public pressure is mounting, congress saying we need the information for the investigation. he is giving it over and making it seems it is noble reaction. in reality it definitely set as
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precedent going forward what information and could the company disclose. neil: another question come up and you might know, that he was well aware of the influence of this, you know, russian-backed service that was behind a lot of this, you know, advertising. and, that only when it came to light did he grudgingly release some proofs of those ads, and more to follow, but that he went kind of kicking and screaming? >> it is pretty clear that he is only trying to release the documents that he think and information he thinks will vindicate him and keep him clear of this. i do think there will be a lot more bits of information to come out that could be upsetting for those that trusted zuckerberg and trusted facebook as a whole. it is also interesting to look moving forward how this will change disclosure practices for campaign ads as a whole? for so long facebook has been immune and digital ads have been immune for disclosure that tv
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and radio ads -- neil: that ends. mark warner already said that they can't be treated differently, right? >> moving forward public opinion is finally in line with what a lot of people in d.c. have been saying. so i think we could be seeing an end to these anonymous-backed ads on facebook, youtube, twitter, whatever it is. this may seem like a small part of the investigation but this will have huge impacts on the entire landscape of political advertising. neil: thank you, kevin, very, very much. cabot phillips in chicago. the latest on maria. that's right the storm that will not to away. it is still churning and you won't believe what the latest trajectory shows. ♪ ♪ can i get some help. watch his head. ♪
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neil: by the way, maria hasn't fully left puerto rico. devastating rains continue there. much of the power outage they have been complain about could last for months. so many homes and businesses are simply destroyed. and now, that maria is making tracks for turks & caicos, the party just roars on here. to former deputy secretary of the united states department of commerce, david sampson. secretary, thanks for joining us here. we forget that after a hurricane
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and it is most lethal wind pass, not as if it goes away. maria hasn't left puerto rico. the region familiar with the rains that continues. that tend to be the most damning and damaging part of this storm, right? >> the floods that come with hurricanes are very destructive. as we all know houston is primary a flood event, not a wind event. i think florida will be primary a flood event as well, although there is some wind damage. but puerto rico is very hard hit. this is long-term recovery. they simply don't have the infrastructure or capacity or resilience there that you see in texas and florida. neil: so what do we do? >> i think there will be airlift of supplies in by american military airplanes and ships. there is going to be obviously federal money that will have to come back into puerto rico to help rebuild the very basic
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infrastructure that enables businesses to get back up and running. the problem is, there is not going to be much, not nearly as much insurance presence in puerto rico as there is in houston and florida. only about 50% of the homes in puerto rico have wind insurance at all. and much smaller portion than that have flood insurance. neil: so, you know, when we have something that could be certainly a record-breaker for cumulative storms this year, versus i guess the last big one a dozen years ago, how does the government prepare tore that? fema can technically use emergency funds and checks granted later but this is a whole different case covering a much broader region. how is that handled? >> well, it will be handled through special appropriations. there is first tranche special appropriation for fema with
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regard to houston and florida. but ha -- that is only the down payment. there will have to be more later on. neil what can we do to prepare, bring more private insurance into the equation. build resilliance into these communities, so we lessen the impact when these storms hit? that is largely left out of the public policy discussion for many years. neil: certainly has. news to homeowners, to discover they thought they had flood or related insurance and discovered higher deductibles or wasn't covered to the degree they thought. how is that handled? this, i have gotten quite a few emails from people, talking more in florida and texas than certainly puerto rico. how is that communicated? or should that communication be improved. is that typical of americans we don't read the fine print? >> ongoing process of communication. more needs to be done. but yes the real problem we're
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seeing in houston is an underinsurance problem. only one in six of homes that were flooded have flood insurance. neil: that is amazing. >> we say all the time flood is not covered under your normal homeowners policy. you have to buy a separate flood insurance policy. neil: you would think their mortgage lender would require that. >> if you have a federally-insured mortgage it is required but there are many, many homes that are not under the federal housing insurance program or not in the 100 year floodplain, that choose not to buy the flood insurance. neil: secretary, thank you very much. didn't mean to jump on top of you there, sir. >> not at all. neil: david sampson, former commerce deputy secretary expert in these matters. latest on provocations from north korea. and fallout from the markets for the latter. not much, after this. and it really shows. we've got auto insurance, homeowners insurance.
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>> north korea the north earning that is threatening to use that hydrogen bomb over the pacific ocean. first time we have seen that attempt since 1980. hawaii urging residents to prepare for an attack and even those in the affected areas of the pacific including a broad swath are concerned about possible electronic interference if and when it comes to pass was
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when the world is scared defense talks look good. the world is scared, the fence stocks looking at, boeing and lockheed martin hitting new highs. a lot of it on concerns asian markets going mostly lower. adam shapiro is following these. lou: we had the announcement of new sanctions against north korea and north korea responding with a test of a hydrogen bomb over the pacific but this morning we had the tweet from donald trump in which he said, i will read from it, kim jong un who is obviously a madman, who doesn't mind starting or killing his people, will be tested like never before. prior to donald trump's tweet, kim jong un the leader of north korea issued a statement in which he used derogatory
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language towards donald trump saying, quote, his remarks which describe the us option through straightforward expression of his will have convinced me, rather than frightening or stopping me, that the path i chose is correct and it is the one i have to follow to the last. that is where we stand at this point. we will hear from the north korean foreign minister tomorrow at the united nations but the war of words escalated. neil: the fact as adam pointed out this is a big deal and a lot of things could go wrong and that is depending on what is what we are so worried about, lieutenant colonel daniel day-lewis joining us now. thank you for taking the time. we haven't had an atmospheric test of the sourced since october 1980 on the part of the chinese. big worry is it can cause a great deal of electronic disruption, could affect electronics in planes flying in the facility, they could drop out of the sky. they have to be telegraphed
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somewhat, they have to know this was about to happen. do you think north koreans, the what it is? >> i would guess they might because they want to avoid unnecessary problems but much more concerned with the political fallout this will have because i believe what you are seeing here is donald trump wanted to be strong but might have pushed kim jong un too far and he has a chance to launch a missile with a nuclear warhead with purpose of demonstrating i have the capability and if you attack me i will create mass casualties out of proportion with what you do to keep us from doing it. kim jong un another thing he is doing, hours after china said it is cracking down, it is going to forbid financial institutions from visiting north korea, that
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is their stated goal, but if that isn't the clearest indication of challenging the chinese as well as us, that could be scary in and of itself. going worldwide, what do you make it? >> the founding of the north korean country was the idea they call self reliance, built into their dna, they have been doing that for decades and their mentality is we can survive alone. even without china anything we can do as long as we can defend ourselves, that is what they are deciding. neil: a crazy question but there are many from me. do the north koreans have a death wish? kim jong un must know the more
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this escalates and the more he tempt fate, even accidental fate the more he is a sure goner and his country is a sure goner. >> it is the opposite. he desperately wants to live and that is why he is accelerating his nuclear weapons and missile program to demonstrate he has the ability to strike back in a powerful way should we invade. neil: one wrong move could precipitate an action on our part or the western world's part. he still sees this as an initiative that would be started by someone else. >> he is absolutely terrified of what happened to qaddafi in libya in 2003. we made a deal to get rid of his nuclear weapons program which he did and then he was promptly killed once he didn't have it and that motivates him. >> these weapons are his bargaining chip. >> absolutely and another reason
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pressure -- what is he trying to accomplish? has no chance to accomplish it which is get him to agree to go nonnuclear because if he gives them up he becomes vulnerable and under no circumstances will he give them up unless he has some assurance that his security will be maintained. >> the only other option would be freeze. we did not agree to that when he was raised by the russians six weeks ago. we didn't want to freeze our military exercises with the south koreans. so assuming that is still the case we are not inclined to do that where is this going? >> i fear we are moving towards escalation where any miscalculation could turn into armed conflict which must be avoided at all costs. what we are to do which had a chance of succeeding is
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establish links of communication like we did with the russians during the cold war and the chinese to present miscalculation so we are communicating with each other what we are intending but we need to communicate deterrence. if you launch these weapons against the united states or our allies you can count on it of state response but if you don't, we are not going to attack you. what we don't want to do is push them into a corner where he feels his only recourse is to use his weapons. neil: he is already in the corner. >> not yet but these things are pushing him in that direction. he has the ability to not use them. neil: very good having you. then there is the china part, how much can we trust them? how good are they going to make on this commitment to make sure no financial institution in china lends or does business with north korea? the director of chinese strategy, michael pillsbury. it is more confusing and
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difficult when it comes to elaborate, arcane financial relationships. >> yes. neil: how do we make sure the chinese are complying? >> very good news in the last couple days, the chinese are beginning to come around to help donald trump. he put a lot of effort in this since the mara lago summit and you can see a slow and steady improvement in the chinese attitude. they have been misled for two decades when america wasn't serious about the north korean nuclear program. partly because of tweet ors and how specific donald trump was after the summit that he likes president xi jinping the chinese are moving to our position. this is really good news. neil: is also scary news because the chinese are saying, what
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they are promising to do, within hours kim jong un comes out with this promise to launch a missile test over the pacific ocean. north korea doesn't seem out about this. >> the north koreans are concerned about chinese troop movements and the idea that china could intervene inside north korea. neil: you think what happened? >> i don't know. the chinese have a history of being misinterpreted by the cia. the first intelligence estimate in 1950 said china will not intervene in north korea. that is why we have a north korean regime today, china protected them. what the chinese can do, they have got to warn north korea if there is limited military strike by donald trump not to do
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anything about it, let the targets -- the missile program at nuclear sites be destroyed and do nothing more. this is a huge role china and russia can play for us. we are moving towards military strikes but it is not the end of the world as long as russia and china restrain north korea. neil: stop a missile launch overwater or this one being plans, is that what you mean? >> extremely limited like the israelis sent four or five fighter planes to bomb the baghdad reactor. it sent back saddam hussein at nuclear program by many years, a huge spasm of action by the iraqis, the success of the israeli strike. you can have 50 to 100 tomahawk
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missiles, airstrikes, extremely limited so north korea would not be tempted to do anything rash. neil: that is the hope. thank you, appreciate it. i want to let you know it looks like republicans might be losing another vote. rand paul is the no vote. seems like the only republican no vote on health care measure they were cooking up, susan collins of maine leading against the latest bill, they cannot afford to lose anymore and that doesn't include the likes of dan sullivan and lisa murkowski, alaska senators -- grants and waivers for alaska, john mccain of arizona and gerri moran of kansas but no indications yet any of those folks are dropping off. the numbers are down to 50 and one more after this.
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>> the president could have stayed out of this race, he picked me enthusiastically because he knows it is critical to the implementation of his
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agenda. i'm not part of the washington establishment or part of the problem. i'm part of the solution and i look forward to the vote on tuesday. i think we will do very well. warner: the republican alabama senator luther strange talking out support he had from donald trump who will be on tonight to show support ahead of the tuesday runoff that -- who is it again? i am drawing a complete blank. lost his seat as a result of the unfortunate ruling on gay rights. that will be a big event, to see the president in this weird position where his more fiery proponents, those who supported donald trump, are actually going for more, gop fundraiser, you can easily take this out of context and say it will be a crucial beside her but is it? he doesn't hang onto that seat
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and loses it, will the fear be that more would lose? i see the republican winning their but maybe i am missing something. >> i think the republican is going to win because look at the state of alabama. it is a very odd predicament especially when you have more, he appears like the rogue candidate, the antiestablishment candidate and yet you have trump who is notorious for bucking the establishment, who is going forth and giving his all for someone mitch mcconnell is backing. neil: people like sarah palin going for more. why is he with this guy? >> if i knew the inner workings of donald trump's mind, i would be hosting a huge show.
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who knows? who knows why he is going towards strange? you have his all-time sidekick steve bannon, sarah palin who helped him a lot, i don't know. as far as looking at branding, i am not sure sarah palin's brand, i know steve bannon's brand won't be moving the needle. i'm in fund raising. i do not try to get steve bannon to stump for me for a candidate. i don't know if they can move the needle. the only thing is going to show is if more wins, if he pulls out, trump was matched with the wrong candidate because trump is very antiestablishment. kind of an odd predicament to be and when we know alabama will be republican. the fact he is taking such a vocal deal in this.
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neil: seems like such a state for republican votes but i could be wrong. i want to step back on the health care debate. republican seem to be in a sticky way, latest indication susan collins might not vote for what republicans are cooking up. that put you down to 50 votes with rand paul likely against it. you can't lose one more republican senator. what happens if you do? >> this whole thing is horrible and plays into republican senate races because once i said on your show is the fact the we raise money, republican fundraisers raise money saying we could pass great deals and do good things if we have a house and said that is republican so it goes with the strategy, so what? we have got a dominance in the
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senate and still -- neil: let's say they fail at this but give details of the tech next weekend that one does pass, does that offset what failures you have on healthcare front? >> it does for me and a lot of my donors because a lot of my donors are in the financial industry and i will tell you this. our platform is built, the republican platform is built on low taxes, less regulation. we don't see anything done on tax reform. i think our platform, the republican party is in trouble. we don't have on our platform healthcare. it is very important and i feel passionately about it. the main thing on our platform is low taxes. if we can't even get that together that is bad for the republican brand and attracting
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people and getting candidates to win against democratic elections. neil: thank you very much. you were touching on the tax-cut plan. charlie gasparino talks about what might include and what it might not include. stick around. ♪
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gerri: welcome back. any attempt to interfere with an election is a serious issue. that is what mark berg said as he announced the company is looking at suspected russia linked ads that appeared on facebook during the presidential election. this is what he said in a live video stream. >> we will continue working with the government to understand the extent of russian interference and we will do our part not only to ensure the integrity of free and fair elections around the world but to give everyone a voice and be a force for good in
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democracy everywhere. >> reporter: he went to outline steps the company plans to take including making advertisers disclose their identity as they do in tv ads and posting all ads they buy on facebook on their own facebook page. you could see all the ads in one place and compare them. donald trump fired back on twitter with this, saying the russia hoax continues and now it's ads on facebook. what about the buys and dishonest media coverage in favor of crooked hillary? cracking down on political ads isn't as easy as it sounds, most ads are bought with ever talking to anybody at the company through apps and on the facebook site and as i send it back to you i can tell you that video was spooky, looked like a 22nd century oval office were really wild. you got to ask at the end of the day would this be handled the way it is being handled if this was the obama administration and
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not the trump administration? neil: a tad differently. thank you very much, charlie gasparino is reacting to this, the robert mueller investigation and the manaford thing, the wagons are circling. charles: i think this is a big issue for silicon valley. they are being attacked from the left and the right. the left want them to pay more taxes, break them up, a lot of talk about that. the right is worried about the fake news aspect that you have liberals deciding your newsfeed and tobias view of it but i think in the obama administration he did a lot of things that the tech industry hated, the net neutrality stuff. it wouldn't be beyond the pale the obama administration or hillary clinton administration would break up these companies. neil: they would go after this
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stuff, washington going after the stuff to get ads like this, that would be the opposite but you never know. could i ask where all of this is going and to what end? charles: i don't know. no one knows. warner: the i promoted you saying you would have the answers. charles: tell me a question, to what? neil: the robert mueller stuff. charles: as someone who covered white-collar crime, when you start getting leaks, a process, the us attorney busting down this guy's door, this is happening here, subpoenaing this guy and don't the leak of what they did wrong, that is where i get suspicious. leaks that went into manaford's house, took his computer and found out he said hello to some
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russian dude. where is the beef? people will say it is a different case but usually you get something more. neil: we are hearing about process. charles: quattro got exonerated years later. when it came down to it, like in email that could have been taken 30 ways, get an obstruction charge got overturned in the end, it is -- neil: looking at individual moments, meetings with different staffers, someone is leaking that to what end? charles: we want to know what meeting he had but where is the evidence the meeting was wrong? or there was something explosive? we are not getting that. we are getting a lot of process. he may have all the goods and ready to indict manaford.
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neil: whatever he is indicted on if it ever came to that would be an ancillary issue. charles: from what he is investigating it looks ancillary, business dealings with russian business men or for the campaign and here is the other thing. everyone is running around, here on this network, that isn't it true that obama tapped trump's phone? it is not true. people in the trump orbit were investigated. they got pfizer warrants to tap their phone. as i said on your show 100 times when this happened, donald trump may have incidentally called that person and that person -- neil: or man debateford called him. charles: or general flynn's
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phone. neil: in the end was donald trump caught up in this or not? charles: he might have. neil: might not have been the original intent but clapper said that wasn't going on. charles: they weren't investigating him. neil: he didn't realize this was going on. if you are director of intelligence you have a good idea. charles: if his phone was tapped with the justice department, maybe the cia knows or not. neil: the phone calls, he had many -- one of the calls involved donald trump. was donald trump caught up in that? charles: yes but you knew that before hand. neil: i had no idea. i had no idea. charles: i said on your show months ago if you told me, i
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didn't say manaford, i said flynn. of his phone was tapped and in that conversation, that wiretap, he called up trump and trump answered the phone that is totally normal. the real rubber meets the road when it gets serious, when this was a huge scandal, would be donald trump's phone being tapped. in order to do that -- neil: you are trying to force this a little much. among those tapped -- does someone have a recording of him? i am just saying. you got to understand in the beginning it was denied this was going on. listening to clapper, he denied that was happening so he lied. liar liar liar. not tapping, not tapping, not tapping. charles: trump's phone wasn't
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tapped. neil: do you realize, i don't barack obama issued the taps to go against the guy running for president. i am not saying his phone was tapped. you are getting into the weeds. did donald trump get caught up in this? the -- could that be a problem as far as widening this beyond what it was thought to be the case because we were told in the beginning none of this was going on? charles: we were told donald trump's phone was tapped. neil: i want to replay my interviews that they none of this was going on. they said it wasn't happening at all. charles: they said flynn's phone -- neil: they dodged flynn they never mentioned manaforte and it
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would not be in the keeping of the security agencies to consider doing this. the director of security either doesn't know this or does. charles: the justice department and not the cia would do it in conjunction am it is plausible he did not know it. neil: this wouldn't come up with any entities in the white house? your opinion here. charles: i don't know. the pfizer court would allow -- neil: is it possible for you in a high-security position not to be made aware this was going on? you are the top security official of the united states of america and you are ignorant -- you don't know that. charles: they are calling up the cia. >> clapper knew nothing about it? you are a very smart man, you
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don't believe that. charles: your the fbi. warner: the i am neil. you are the director and you accept -- i understand what you are saying, you don't think he would be aware. you don't think -- you would not be aware of that. neil: know. paul manaforte. neil: in that conversation with paul manaford would -- for you to assume clapper wouldn't be -- neil: caught up in the tape, under investigation. what is for dinner? i neil: we are talking past each other. donald trump caught up in something he had nothing to do
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with simply because his campaign manager's phone was being tapped? charles: have sandwich for lunch. because you are not getting it. it is not -- it is a big deal that engulfs the president of the united states because any conversation he has. the director of intelligence saying it never happened and he lied. he lied. he said it didn't happen. you were the same one questioning the reliability -- charles: what i said from day one was if you told me -- neil: you are parsing this. before it was tapped because he called manaford. who owns trump tower? manaforte -- talks to his boss. donald trump part of what is tapped into blues not the
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target. was he part of that? is it fair to say -- i'm not arguing -- what i'm telling you with a pizza delivery guy, your man who is going to be the president of the united states, we agree on if that happens. it is not incidental. >> if they did something wrong they would attack trump's phone. neil: how do we know anything? charles: there was a pfizer warrants on trump's phone? and -- neil: if you call trump tower, manaforte. and the future president of the united states. i have a feeling my phone was tapped. he was -- was the indirect
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having or not? you agree with me. charles: i said it from day one. i said if you are general flynn telling me his phone was tapped and donald from call the that is believable. if you are the head of the gambino crime family and neil cavuto calls up because he owns a pizza place, guess what? you are under investigation. warner: the i am putting you under investigation, more after this.
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neil: good year for apple stock, not necessarily a good week out of the major product launch, since the iphone lunch in 2007, executive editor at elysian ski,
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apple shareholders still up appreciably this year, 32%. what do you make of what is going on and whether this is an overreaction, concerns about the watch, iphone 8, good deal is getting the 10 outcome overdone or what? >> most likely overdone. don't know if it is an overreaction but a reaction to the stock having been up so much. still up 32%, it was closer to 39%. i think this is investors doing what investors do, what is going on at apple, there are issues, the iphone 8, iphone 8 plus, iphone 10 a bit confusing, the thousand dollar price point, people like to chat about and issues with the connectivity on the watch. to me it is not a lot to get excited about. neil: we are doing a segment about it but i do want to get your take how significant these developers are because it almost
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seems after a run up in the stock and even those who are concerned it ran up too far, you want to look for a reason or excuse to bring it down to size, i wonder if that is going on here because outside one of the main apple stores in new york, long lines to get their hands on these products, what is the real skinny on this? >> there is a long pattern. the most valuable company in the world, perpetually undervalued by normal metrics because $300 million in market value, very hard to grow fast. everyone assumes they won't grow fast and every little problem they have -- if stock were down 20% from where it was before the announcement that would be a suggestion investors know what is wrong. i don't see any of that.
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they always have glitches in these new products when they first come out. they tend to sell a lot of them. neil: it depend the nature of the glitch, you have a samsung galaxy phone on fire that destroys the whole product line, that is a very different case. >> right. apple always has these glitches and never have particularly major impact. there was this quaint glitch which in retrospect -- quite a few of these things. they get things wrong all the time. the genius of apple's they get things right in a much bigger way than things they get wrong. this is such an amazing marketplace that samsung had what you referenced last year, their phones were blowing up and every departure gate in the united states and other places you may not bring this phone and
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look how great they are doing, really incredible. neil: people are very forgiving when it comes to their technology. adam missions key, best-selling author, we are learning senate majority leader and president of candidate bob dole has been hospitalized since last week. we don't know the details. we wish him well, more after this. when you have something you love, you want to protect it. at legalzoom, our network of attorneys can help you every step of the way. with an estate plan
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including wills or a living trust that grows along with you and your family. legalzoom. legal help is here. that complain about dry mouth they feel that they have to drink a lot of water medications seem to be the number one cause for dry mouth. i like to recommend biotene. it replenishes the moisture in your mouth. biotene definitely works!
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>> it will change your life and already has. neil: when i had kevin brady on, one of the key architects on tax cuts we got into the issue of whatever final package comes up will allow you to keep your state and local tax deductions. it is not all that clear, take a look. state and local taxes and deductibility. >> we are making the case we can keep the status quo today where every american has artificially high tax rates, or we can lower the tax rates for every american whether they itemize or not and we all pay our own at the local
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level. neil: the deduction you had, beneficial in high income states like new york, new jersey, california, massachusetts, might be on the table. >> i am convinced we can lower tax rates for every american, every taxpayer and while eliminating special provisions that keep tax rates high on every american. neil: including that provision. >> yes, sir. neil: i am still a little confused. still not sure what this means, that one deduction in states like new york and others i mentioned would be in or out. let's get the read from peter on this. what do you think, if it looks like it comes out if that deduction goes? >> we have to take into account all the factors of tax reform. it is on the table, you are talking about 43 million tax filers out of 148 million
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returns who claim that deduction. most of those deductions being claimed are in and in command between 75, and $200,000. that makes sense because these are folks normally living in high tax states that tend to live in high progressive income taxes. the question is would other elements of the tax reform plan make those folks whole so that they would be as well off now under the tax system as they would under the new one. you can design it that way. if you have the standard deduction taking care of folks on the cusp of wanting to itemize and decide not to. if you take the rate down low enough especially for the middle and upper income brackets. neil: it would offset losing the deduction. reading between the lines of kevin brady, the only deduction being considered revisited. the mortgage deduction will stick around, the charitable
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deduction sticks around. are you hearing or do you want to hear that this is a substantial cut for everybody or your sense that to pay for it and make it revenue neutral will ultimately be their goal, it has to be down. >> there will be compromises along the way. we may very well see some limitation on the mortgage interest deduction and the same dynamic is at play, you have a larger standard deduction, people itemizing their mortgage interests might be encouraged to switch. important to remember the standard deduction is supposed to be a placeholder for all the expenses of life that you have. you can't get rid of and essentially have no choice but to pay them, taxes from other
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governments is one of them. it depends on the design of the system. we can't overlook the fact that state and local taxes are continuing to rise especially in places with big trouble with her pension systems and finding ways to either pay for it or avoid the issue entirely. neil: if the corporate rate is lowered into the low 20s, not the 15% donald trump once but there -- still substantially below, the advertising rate, not all companies do that, closer to 27% or 28% that narrows the differential to a substantial cut with less bang for the buck, what would you think of that? >> we need to get as close to 20 as we can. part of the problem is when you factor in a 23% rate or 22.5%
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rate the politicians may say that is close to what the rest of our trading partners pay, you have to factor in state and local tax rates which add another 5% to that total. so you are above the industrialized nation average if you are shooting a 23%, 24% as opposed to 20%. neil: it is confusing. you helped straighten some things out. we will get the details on this next wednesday. that is the day chairman brady expects the administration to outline the rates we want to see. presidents flip the congress to traditionally dispose, we shall see. we are hearing t-mobile and sprint are close to reaching of the or, the stock of both companies are up right now, see what happens.
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han 1. flonase changes everything.
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neil: mighty mac is no. senator john mccain can not and will not vote for this health care measure being sponsored by lindsey graham and bill cassidy. the senator saying it just doesn't add up. i can not in good conscience vote for the graham-cassidy proposal. we should not be content to put a health care legislation on party line basis as democrats did in 2009. increasing talk susan collins of maine is not a fan of this
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measure and rand paul not a fan of this measure. 50 votes are not there, a tie could have been broken by vice president of the united states. need not be the case. this measure is dead so it would appear. trish regan. here we go again. trish: i hate to say i told you so, i did. my confidence level in these guy's ability to get anything done, neil is getting drained. i wanted to be proven wrong. there you go. doa. neil: exactly. trish: neil, thank you. president trump, everyone, issuing a stern warning to kim jong-un, don't mess with us because if you do you will be tested like never before this after the north korean leader blasted president trump's u.n. speech saying that the president is mentally deranged, unfit to be commander-in-chief and a gangster. trish regan, welcome, everyone to "the intelligence report." north korea firing back today saying president trump will pay quote, dearly for his u

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