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tv   Making Money With Charles Payne  FOX Business  August 14, 2018 6:00pm-7:00pm EDT

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elizabeth: that does it for us. thank you for watching. charles payne is here now with "making money." take it away, charles. charles: good evening, i'm charles payne. the markets ending the day higher as surging american optimism continues to fuel a resurgent consumer. the market, in fact, has been in stealth rally mode and led, believe it or not, by brick and mortar names. those strong retail earnings were coupled with small business optimism, the second highest level ever. just the latest signal that america's economy perhaps fighter on all cylinders this as bank of america global fund managers, we're talking guys and gals who manage the wealthiest money on the planet, they say the united states is the best place to invest on the planet for the first time in five years. here now to discuss, hitha
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herzog, aaron gibbs and hadley heath manning, policy director at the independent women's forum. hitha, retail sales numbers, advance auto parts stock went through the roof, tapestry, kate spade, stock had a huge day. home depot was down a little bit, that's not unusual. but the interims, again, were phenomenal -- internals. higher traffic, higher average selling price. everything you would want in an environment where people are saying that brick and mortar is dead. >> average price with home depot was $66, and sales went up 6.8%. we're talking people are reinvesting in their homes. this is just an example of what people are doing and how people are feeling better about the economy. also you were talking about this wealth study that came out. we're talking about the high earners, but what's really interesting too is that they also focused in this study on the henrys, the high earners not rich yet. these are the 26-year-old
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millennials -- charles: this is your crew. >> yes, exactly. that is my crew. [laughter] these are the people that are going to start invest anything the stock market. in fact, millennials are pulling more of their cash out to go into the stock market because they're feeling better about the economy. charles: we also saw the nfib survey, the second highest level ever, the national retail federation hiking their estimates for retail sales for the rest of the year. the market snapping a four-day losing streak. you know are, do you feel like this could be just the beginning? and certainly, it does suggest something about america vis-a-vis the rest of the world. >> well, we've been very positive on u.s. stocks versus the rest of the world for a long time. charles: why? >> one, just the earnings are higher. whether you're talking small caps, small business or large caps. the earnings are just spectacularly, you know, multiple times higher than what we're looking at in china, in europe, japan, other developed markets. so and emerging markets we just
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feel are still too volatile. but another thing particularly when it comes to the consumer, retail sales have just been off the charts. 6.6% growth in june, we're getting other numbers tomorrow. and i think that's what's really impressive. and even more impressive about home depot is that housing starts have been terrible. charles: right. >> there hasn't been enough supply, but people are still spending a ton of money on their existing homes. you're not just spending money for a new home, you're still spending -- >> home improvement. >> and that's a great sign because et means you're going out and buying stuff. charles: hadley, it's interesting because it's one thing to talk these surveys, and, you know, optimism has been there. in fact, it was there almost instantaneously. we su saw small business optimism surge after the elections, but now we're seeing it manifest itself and this kind of thing. and the question is after yet
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another ea mark bl -- remarkable earnings period, can this continue? >> let's hope so. there's no doubt a lot of this optimism is the direct result of economic policies hike the tax reform that we saw at the end of 2017. and if lawmakers and policymakers want to capitalize on that, they can make the individual income tax the cuts permanent, they can address the continuously rising health care costs that continue to be, you know, the bane of small business owners' existence. but the optimism, charles, it is absolutely as high as it's been since 1983. so that's good news as small businesses continue to hire and plan to hire even more. i think there's positive news in our future as well. charles: you mentioned health care. what can be done there? you know, it feels like all the efforts to repeal, completely repeal obamacare have been exhausted. are there other measures that can be done on the government level, and how would that impact the economy? >> well, no doubt it's a politically difficult situation, but the trump administration has taken steps to try to deregulate health insurance. the reason that health insurance
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costs are so high is there's a lack of competition due to the overstandardization of the plans available on the market. we've got to get back to a competitive marketplace where small business owners and individuals who buy their own insurance feel like they have more than one option in terms of insurance carrier. we know that consolidation in the insurance market means bad news for consumers. charles: of course, hitha, we do get the government's retail numbers tomorrow. they've been on a tear as well. one thing i've noticed is people spending money out at restaurants, that's gone up. to me, that's a sign of confidence. but what do you anticipate? what do you see? erin brought up housing. that has been, perhaps, the only red flag that i've seen so far is. earlier in the week, late last week home depot -- the pulte homes and a whole bunch of them were crushed. there have been a lot of inconsistencies. home prices higher, availability of cash just so-so. what should we expect tomorrow, do you think? >> i think we can expect positive numbers. what i found really interesting
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about the national retail federation revision of their numbers is that they cited this change in policy like the tax policy that hadley was just talking about. all of these different changes in policy is just making that -- charles: do you think the tax cuts now are just starting to reveal themselves in people's paychecks to the point where they're comfortable now spending that money? >> absolutely. i think people knew about it, it was coming. i think they were anticipating it, and they knew that-going to be a buffer to their -- that it was going to be a buffer to their incomes. now that it's manifesting in their incomes already, and it's going to start showing up even more so as we get into the holiday season. charles: right. bank of america, merrill lynch global wealth survey, over 700 wealth managers -- no, 200 and some odd wealth managers, three-quarters of a trillion dollars they manage. and for them to say now the united states -- despite the fact that our market has been on a tear -- is the best place to invest their money, to me it's
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really mind-boggling, but some may say, hey, maybe it's a contrarian indicator. >> i think in this case it actually makes sense when you really look at alternatives. we're definitely way ahead when it comes to growth. we've got, you know, gdp on a tear, corporate earnings on a tear. another thing that's really good that can keep this market going for the u.s. is we've actually seen cash levels come down on a corporate level. so we have these huge cash reserves in these large caps, and for two quarters they've started coming down. so capital expenditures coming, that can keep this going where we keep seeing this growth in the economy and eventually trickle down as the consumers keep spending. so for me, that's a really good sign that we haven't quite seen the end yet. charles: hadley, in that same survey these fund managers said that the only major tell risk is trade. and you and i have talked about this trade battle many, many times. with we see where these other countries -- china, for instance -- had some abysmal
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economic data out. chinese stocks listed on the u.s. exchange today were absolutely batter ored. so we see where it is having a massive impact on those economies already. are you still concerned it could derail what we're seeing here? >> well, certainly, trade policy is the wildcard. i do believe the administration is focused on the right domestic economic policy, and when it comes to those trade deals, they've got to find the right balance between what's in the best interests of our country diplomatically and in terms of making bad actors around the world play by the rules and also trying to insure these, you know, negotiations don't ultimately hurt american consumers and producers because that's the risk that you run with tariffs and other limitations on trade. charles: real quick, earp, from the market point of view, i keep pointing out we've been in a stealth rally since the lows of march and april. a lot of people would be shocked to know the dow's up 1900 points. if we can get a trade deal on mexico this week, what does that do? >> definitely.
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valuation's very fair, so i would say that would push the market up. also we tend to have these summer doldrums, so i see the end of the year where the markets continue to go up. i definitely don't see a massive down leg. charles: hitha, it's been too long. you look fantastic. >> thank you. charles: see you guys all later. up next, the battle for the midwest heating up, and we'll get a chance to see tonight if the democratic message is really work. two key states, wisconsin and minnesota, we'll hash it out when we come back. ♪ ♪ year, i am sorry about that.
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party's nomination ahead of this november's midterm elections. now, the democrats are looking to beat back republican gains across the midwest in the 2018 primary season, and the key focus, of course, in those two states of minnesota and wisconsin. here now to discuss, gps author iowa nyet ryan -- ned ryan. maybe we'll get a sort of feel on, is sort of a referendum on president trump, some of his policies and some of the retaliatory things that have gone on with respect to the trade battle. >> well, i'm actually pretty optimistic about minnesota and wisconsin, charles, just because you look at minnesota 8, you look at minnesota 1, those were held by democrat incumbents. they've vacated those seats. i think republicans have an excellent chance of picking both of those up. pete talk abouter, the nominee in minnesota 8, already been endorsed by trump and pence, and i think if nelson wins in district 1, we have an excellent
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opportunity of picking those seats up, and i really do think where minnesota might be where democrats' hopes go to die. karen housley's race in the senate, she's only town by two points to tina smith to fill out the rest of franken's term. that's a highly competitive race. i'm quietly optimistic in minnesota. and if kevin nicholson wins the primary in wisconsin tonight and is the nominee in the senate against tammy baldwin, i think democrats are going to have to spend a he heck of a lot of mony defending tammy baldwin. we'll see how tonight goes. charles: evan, how are you seeing them shaping up? there's the vote and then there's the interpretation of the vote. >> well, what i'm seeing right now is there's sort of the national narrative that does trickle down to every congressional district throughout the country, and that's much more health care and the country's going in the wrong direction because poll after poll, the majority of americans say we are going in the wrong direction despite this great economy. god help us if the economy goes
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to the tank before then. but then it's also all races are local. charles: right. >> and you have to have candidates who reflect the values of that district. and that's our big firewall. so when you have somebody who can reflect the values of, say, districts in minnesota or paul ryan's district, because he's retiring in wisconsin, that would be a big help. another big help for republicans, we need to have big republicans who have long coat tails running statewide campaigns. that's why tim pawlenty is going to have very helpful in the midterms. he will be the republican nominee for governor in minnesota -- charles: what about the governor's race in wisconsin? >> well, scott walker -- [laughter] i think, you know, every politician has an expiration date. i'm not saying scott walker's is there, but i think some voters feel that and feel he hasn't been as responsive to them. and he's going to have to fight. but that's who scott walker is, and i'm not one to count him out because he always fights like it's his last race -- charles: and he's overcome
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massive hurdles. i would say, ned, wisconsin also a lot of folks are going to use it as sort of to get a feeling on how trump voters are reacting to rump's to policies, particularly his battle with harley davidson. i do want to point out in wisconsin that the unemployment rate is 2.9% overall and that the manufacturing jobs are up since december of 2016 over 4% at their highest level since january 2009. so right now it looks like, you know, the folks who actually felt like the elites were not, you know, not in it for them must be happy to a degree. what if the vote tonight dispels that? >> well, i think you're right, charles. i think the policies have been very good for wisconsin. i think we'll have to see and look how these trump supporters come out and vote. i think they will. the other thing though that i've got to tell you about harley davidson, interesting it's going to still play out over the next few weeks and months, i think what trump is actually doing, if
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people will just be a little patient, i think hopefully some people understand he's working to get better deals that that they want to break into india and china which have 100% and 30% tariffs respectively. let trump negotiate better deals. i'm quietly optimistic that he can, it would be good for all the people in wisconsin, especially the harley davidson employees. charles: finally to you, evan, on ellison and ag race in minnesota, some news coming out here recently not getting a lot of media coverage, not the kind that you would anticipate for someone as high profile as him. ing could we get a glimpse of what voters think about this? >> we haven't seen a glimpse of what voters think about it. ellison is running for state attorney general, and allegations that he abused his girlfriend made by the girlfriend's son on social media on saturday are very serious. they're just the latest in a litany of reasons why keith ellison should not be a member of congress -- charles: ag. >> he shouldn't be in elected
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office. he pals around too much with louis farrakhan, he's said some very good things, and then he says, oh, no, i won't be hanging out with him when i get in congress -- charles: then he's got the antifa t-shirts, provocative to the point where you've got to take him seriously. >> thises the number two in the democratic party, keith ellison, in the party structure, and i don't understand why democrats aren't throwing him out. he is much more extremist and even more out of line with even what sane democrats want. and they need to go out and say get out. charles: all right. thank you both very much. well, in the meantime, the media's at it again. this time going straight, of course, for the president. they're going to put out massive, massive editorials later in the week, but many are wondering when are they going to be introspective, when are the newspapers and the media in general going to look at themselves and be honest about their coverage? next. ♪ ♪ ty-six hundred roads named 'park' in the u.s.
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♪ ♪ charles: the mainstream media continues a certain level of hypocrisy. more than a hundred newspapers are planning to release editorials to combat president trump's anti-press rhetoric. i have no problem with that, the boston globe spearheading adding the houston chronicle, miami herald. each newspaper is going to publish their own editorial on thursday, all in a joint effort to push back. here now to discuss, emily jashinsky, tammy bruce, evan seeing freed is back with us as well -- siegfried is back with us as well. i don't think the media in general is the enemy of the people, but i do believe that there's so many key figures in american media that have so much disdain for president trump that it has clouded the way they report news, and i think it's unfair to americans. >> yeah. look, they can push back on the president by doing their job, and their job is to report the
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facts of the matter about what happens in the country. we know here at fox business, fox news, our sister station has news department and has opinion programming. we know, i mean, there's the two things exist in a newspaper, you've got an opinion section, and you have a news section. and the two are not supposed to, you know, you're not supposed to have your opinion people writing the news. look, this is, of course, the ultimate collusion, if you will. i think that we know that the media doesn't like the names that the president's called them, but the fact of the matter is they are a valuable, extraordinarily are important tent pole in our democracy, and they've abandoned their duty. and this is our issue. and they -- as opposed to writing editorials, maybe they should each have meetings on thursday to say where have we gone wrong, why are our circulation down, why is no one trusting newspapers? what can we do were the -- what can we do better? but instead, once again, it will be about trump. and that's their problem.
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and this editorial idea reflects that as well. charles: emily? >> yeah, i'm curious to see what they're going to say because it seems the major complaint is the enemy of the press label, which i don't like either, i don't love it. but at the same time, it's the same thing every time jim acosta gets yelled at in a trump rally, the media's so upset and panning the camera, and yet there's no introspection about what they did to stir this complete, you know, dissatisfaction with the press and distrust in the press among the american people. so we can talk about how the attacks sometimes go over the line, but what the media rarely ever actually does focus on is how they can be better and why there is such massive distrust of the press in the country. charles: right. >> instead it's just pity for the media. charles: that's a great point. i think the disdain for president trump long ago crossed over to disdain for people that voted for president trump, and they wear that on their sleeves. it's not just president trump, a lot of politicians complain
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about media coverage because even here in new york de blasio has been at it himself. >> yeah, de blasio for years has been trying to do what president trump has done to the press, except he's not as popular in new york, and even his base hates him, and they haven't been buying what he's selling. [laughter] he's at 60% among democrats. >> right. >> and de blasio had the nerve to go on cnn on sunday morning and say that he's a champion of the press and attack fox news. but it was absolutely hilarious, because de blasio was cheering for the downfall of the tab hoyt newspapers -- tabloid newspapers. hours after that interview, he had his security physically remove a credentialed reporter from his presence. he has called bloomberg news biased because it reported on facts that were happening in his administration, and the only reason it was biased is because it's own by mike bloomberg, his predecessor. he said that the press, when they had the temerity to ask him if protester es chanting what do we want, dead cops, when do we
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want them now, is wrong, he said you're trying to divide us. not the protesters, but the media. he has absolutely no self-awareness, thinks he's going to be president, and i think -- charles: yeah, well -- [laughter] >> i think bill de blasio should be held accountable because it was a softball interview on sunday -- charles: brian st the elte, it was really unfortunate because he should have been tougher. tammy, again, one thing i don't like and as someone who studies the economy, i tell people any economic system could work, it can work. the main component is people have to believe. and i think they shortchange the american public when we get great jobs numbers, when we get great employment data, great stock market data, i think they do a disfavor to a lot of americans who are out there and who are down in the dumps and been down in the dumps for a long time, they snuff out or they smother their potential, their optimism. and i think that is really not just unfair, but i think it's dangerous.
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>> it's dangerous and it's damaging, and it's even the same at home. if you've got a member of the family that is just determined to get you depressed, wouldn't you maybe want to challenge them on their approach with you? and that's what this is. this nation is a community, it's a family. and you've got a part of the family that now you really kind of want to lock the door on because they want to ruin your life. at the same time, this is why two years ago gallup found in the history of their polling on this issue that american trust in media was at the lowest it was in american history. and again, they are, were angry because we know that they're important, and the role that they play when it comes to power and governance and conveying to us what's important. and we care about the future, and we care about journalists actually doing their job. it's not something we want to go away, but they clearly have a responsibility to turn back up on what -- >> i would add -- charles: go ahead. >> i would just add very quickly, i think one of the most important moments in american
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history was when walter cronkite gave his address after the tet offensive say, hey, this is my opinion, we need a dignified way out of vietnam. reporters say he veered off into opinion when he only did fact. now they think they can do it on the regular. it hurts them from doing their job and shedding light on the truth. charles: emily, a poll saying 26% of the americans do see the press as the enemy of the people. your thoughts on them hunkering down and being defiant even as these kind of numbers continue to chime and the distrust that tammy and evan talked about continues to grow. >> well, yeah. the way the press talks about this problem, it's as though it's one-sided, like it's just the unwashed, trump-friendly masses that can't control their anger. but that's just not the case. there's two sides to this problem. the press has completely failed to make people truths them, and they're out -- trust them, and they're out here only upset about the president who addresses that. and, again, we don't have to
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agree with the way he does it, and i don't like the label enemy of the people, but at the same time the press is so willing to conduct that introspection that we desperately need to do especially before we head into the 2020 cycle. charles: thank you all very much. meanwhile, coming up, the headlines talked about democrats turning to socialism. a recent poll showing millennials giving up on capitalism because both political parties are missing the point, and soon it could wreck our entire country. next. ♪ ♪ but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression,
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♪ ♪ charles: so a lot of uproar over this gallup poll released yesterday that broke down economic philosophy based on political affiliation, and i think the initial reaction was wrong. in fact, my takeaway is this is a cautionary tale for both political parties. in the past but years, we've seen where young americans have, i mean, by a massive amount, begun to reject capitalism. in this has led some democrats into thinking that, well, maybe they could run on socialism. but i don't think that's the answer, and i also believe republicans who keep talking about free trade that adam smith talked about are also missing the mark. here now to discuss liberal commentator danielle mclachlin, hadley heath manning. danielle, really a shocking number. and here's why i said people misread the headline are. you know, the fact that democrats like socialism isn't new. [laughter] i'm sorry. [laughter] in 2016 it was 58%, so the number actually went down. but this is the part that scares
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me, 18 to 29-year-olds in 201068% had a positive view of capitalism, that number's down to 45%. and i've got to tell you, there are really good reasons for these kids or young adults to believe that it's going to let them down, but i think both parties are misreading the tea leaves here. >> i i actually agree with you completely, which doesn't happen all the time. i think either extreme is not the way this country should be. we have a constitutional structure that really doesn't allow for socialism on the scale of venezuela. but one thing i will say is that boomers and others have grown up with large elements of socialism. you think about the g.i. bill, fannie mae or freddie mac, we do have a blended economy, and we're not going to get away from that. so i think democrats are wrong to a point to be talking about free everything, but republicans also need to reckon with the fact that there are people who are looking for a social safety net and and other things for the federal government to do. charles: who's really missing it are the elites.
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listen, i bring on a lot of wall street folks all the time, and we battle over the use of tariffs when everything else has failed and so many other things. and when i listen to them, and i've said this b you know, adam smith wrote a good book, but it wasn't the bible. you know, things have changed. you know, you have a group of americans, millennials, who feel like something is wrong. they're supposed to be the first group that does worse than their parents. and i think there could be some ugly political consequences. one day we might elect somebody who could really be a nut. >> well, look, but i also think they're a result of what has happened over the last 20 years, that dynamic of how the future looks can change, of course, with president trump. but we also have to remember and to not accept the fact that these are now a group of people who have gone through university and have been effectively conditioned. why should we accept individuals who maybe don't know the complete picture and their assessment of what may or may not be happening? but secondarily, what it is they're reacting to may be incorrect. it's not capitalism, it is a corrupt government that has used
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this system for its own benefit. and that's what they're responding to. they're told it's capitalism whereas, in fact, it's been the freaking swamp. and we're working on changing that now. so it's about everything can be good whether it's an automobile or a firearm or a government or capitalism. charles: right, right. >> it's how it's handled in the hands of who has it. and this is what the republicans need to talk to people about, is what capitalism is s and demand an end to the kind of corruption that caused the great recession and that has required donald trump to become president of this country. charles: you know, hadley, i think that's a great point or considering where our debt levels are. and the fact is, pox on both houses. we saw a spending bill that was mind-boggling. no republican ran on that, for sure, and i'm sure they're all embarrassed to admit they were part of it. in damn bimy's -- tammy's point of view, that's right. even though we talk about them being hip and go-getters and business own ors, i read a report that said only 2% of millennials are entrepreneurs.
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historically at this age group it was 6, 7%. something seems to be wrong. >> well, you know, one thing i think is wrong is economics education because what this boils down to when you've got a large portion of the population or the young population saying they favor socialism or don't like capitalism, as tammy alluded, this is a problem of terminology, this is a problem of definitions. if you believe socialism is simply increasing the welfare state or increasing the amount of redistribution in our economy, that's one thing. the true definition is a government-managed economy where government owns the means of production. i don't believe millennials truly want that. i'm not as pessimistic as you are. i do believe if we talk about the ability of people to have economic freedom, to start their own -- charles: do you feel hike we're closer to that point now, hadley, than we have been in the past, or we're drifting away from that. >> you know, i think ultimately it's going to come down to the battle of ideas. we have a marketplace of ideas, and we want to maintain a strong marketplace economically.
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so if we win the first point, if we win the marketplace of ideas, the battle of ideas and explain why having your own economic freedom, being able to write your own way in life, that's the beauty of the american dream, that is capitalism. as long as we make that point, ultimately i think we're going to be on the right path, but we've got to make the argument. charles: real quick, danielle, the last word. in the meantime, a big push in the democratic party, again it seems to me the message is, hey, free stuff, this time we mean it. [laughter] >> well, it's medicare for all, of course, which is not necessarily a new idea. but i think when you're -- charles: is that going to be the winning message for your partiesome. >> i don't think that it will. i think one of the big problems with politicians in general is today make these huge promises, and they don't tell the american people how they're going to pay for it. and as taxpayers and -- charles: i think it was a brilliant economist on cnn, brian stelter, who said we can
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pay for it because we're a rich company. [laughter] coming up, i'm going to tell you the best way to plan for your retirement goals because everything has changed. we'll be right back.
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♪ murk. ♪ charles: hey, remember when 50 was considered old and over the hill? i mean, it was the central storyline in that famous movie sunset boulevard where that william holder character said to gloria wanson's character -- swanson's character, quote, there's nothing tragic about being 50, not unless you're trying to be 25? these days everybody wants to know how to retire or in their 70s, 80s, even beyond there. in recent years the notion of our golden years has gone from moving to someplace warm and waiting for our grandchildren to visit to living very active lifestyles that include hobbies and traveling and hoping our grandchildren can keep up with
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us. in fact, 65 many saying is the new 55, and maybe one day the new 45 if you consider long-term life expectancy trends. it's more than people just living longer also, but reaching certain milestones often means reaching ages that were once astonishing but these days are normal. there was a poll out by the university of california that revealed 1 in 20 women that reached the age of 40 would go on to live to 100. moreover, one-third of women who live to 65 years old will probably live to 90. that's up from 25% in 1950. we're living longer, and for some that means working longer, and that helps to explain why the 65 and older civilian labor force has surged in recent years, which seems counterintuitive. for those or who are in a position to allow their money to fund their golden years, there's a lot to consider. remember that old formula that you subtract your age either from 100 or 110, and that would determine your mix of bond and
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stock holdings? i think most investors looking to fund active retirement lifestyles or have financial options in the retirement may want to skip those formulas. think about this, bonds and cds just don't pay a what they did back in the day. a ten-year bond yielded 10% back in the 90s, these days it'd barely keep up with the rate of inflation. everyone has the ability to make years adventurous and enlightening, but it takes some serious planning and some serious commitment. we'll have more on fox business right after a quick break. ♪ but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees
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way, could get an extra boost after the bell. we heard warren buffett hiked his stake in goldman sachs by 21%. now, i think the market is set up for balanced portfolios really nicely. you can score big with these momentum, i mean, these stocks are going parabolic. but don't forget about value. i know there's a lot of boring names, but consider the risk/reward levels are really very favorable. on that note, i like the industrial names, and at some point material names are going to gain some traction, have exposure toward packaging. want to bring in commerce streak holding ceo and erin gibbs back with us as well. dory, i read somewhere that you were coming into the summer you were a little -- i wouldn't say bearish, but you were worried about the market. how are you feeling right now after this earnings season? >> well, i'm always, i never get full-blown optimistic, so we'll call it guardedly optimistic. but the markets trade sideways all year, earnings above 25% for
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the year, nothing but good news. so it's a great -- as you were pointing out, it's a great stock picker's market for value, and there's some great names in large caps and mid caps. charles: what about some of these names that keep amazon up almost every day, invidia was up big, then a report this week if they get a big number, that stock is going to go significantly higher. we know some of that's passive investing. billions and billions of dollars chasing the same names, that makes some people worried. but is there a place in your portfolio for some of our viewers to also be there? >> absolutely. and i think if you pick your spots in the fang stocks, you know, get rid of netflix, pick ones that are making good money and have some margin -- apple's doing very well, google's doing well, amazon's doing well, underweight the other ones. but look at retail the. retail was up across the board. macy's is up 60% this year, and is you still get above a 4% yield, a 4.5% yield. the comparison i like to make
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is, you know, tesla's been the sexy stock on the market, yet it doesn't make money, isn't making his production goal, and we all know the problems with elon musk. but if you look at ford, ford just made ten million mustangs since 1954 -- or 1964. and if you look at that, they not only know how to make a car, but they know how to mass produce them. charles: let me bring erin into the conversation, but i are ask you about peak auto, the death of the american automobile market and, again, ford could be great looking on paper, but if no one bids it up, that's a problem. erin, you also like the value play here, coca-cola. >> yeah. opposite of a fang stock. bun of the main reasons is coca-cola just bought body armor, it's a sports drink that's mainly started and owned by kobe bryant. it's meant to compete with pepsi's gatorade, and that's one of the areas they haven't been able to compete. so i think on this news -- charles: what about the carbonated beverage decline? ten years ago diet sodas were
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picking up the slack, now people have written them off. i think they've got to make an act by is decision in water. >> they do have their own waters as well, but exactly the point, they've got to diversify away from soda, and these types of acquisition, they're cash-rich, they pay their dividends, and this is exactly the type of strategy you want to see, so this is where i see it being a good moneymaker. charles: you only make changes periodically. someone out there watching this market, if we break out to new all-time highs in the next couple of weeks, would it be okay for someone to chase some of these names that are already up big? >> we still like amazon. we still think there's room to run. you know, it's still one of the most profitable consumer discretionary names out there, so we don't have a problem with, you know, even at these valuations. charles: doerrly, i've -- dory, i've personally been killing it on the brick and mortar retailerrings. i told people to buy them when nobody liked them. with ford, for instance, how long would someone hold a stock
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like ford that has the obvious value that you talk about as they're watching perhaps an invidia go up 40 points on its earnings report? >> i can't help but think that ford is tied to tesla, because tesla is the sexy stock, and ford is the boring stock. all ford does is make money, and they're doing great, and they've got a nice yield. so at some point, it'll come back especially if tesla continues to experience the woes that he's had. but there are other opportunities out there in big banks, and i've been touting that all year on your show as well. bank of america still looks great. it's under 11 forward pe, it's got a nice 2% yield, they've got great funding and great expansion opportunities as rates rise. charles: thank you both very much. really appreciate it. meanwhile, president trump calls for the end of that mueller probe. we're going to have his tweet and, of course, the continued fallout from the firing of former fbi agent peter strzok. that's next. ♪ ♪ the fact is, there are over ninety-six
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charles: president trump now assigning fbi agent peter strzok's firing as a reason to ended mueller investigation, tweeting -- why isn't this the so-called probe end immediately. why aren 't the angry democrats insist ant of looking at hillary clinton. >> joining us, mark, firing of strzok you know, i'm seeing a lot of bipartisan agreement, it was a good decision. and there needs to be a retro active look at everything that he was involved in. >> absolutely, there is an inspector general investigation going on in next phase, he launched the launch the russia investigation, witch-hunt as president calls it, to see what kind of bias may have taken place in the formation of that
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investigation in which we're now coming open many, many, months still no evidence of collusion. charles: see ned, what do you make of this? at this stage of the game? like running a half marathon, then saying i am running back to the finish line, is it -- do you think it would be a good idea at-this-point to end the mueller investigation rather than let it run its course, even though it is way off its original mission. >> first, trump is right, this is san illegitimate investigation. let's not forget comey's illegally leaked memos. and peter strzok's firing furthered that point. that, i think that trump needs to patient a little bit longer, maybe a month or two based on my former doj sources they think that mueller might have a report in september that could be
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beneficial to trump, i think that trump just needs to hold on a little bit longer. a lot of american people agree with him, when you see mueller's approval rating and the ratings for this investigation, plummeting with american people, they are losin losing their pats as well. charles: a critic from california. said he would have fired strzok, he said, i believe as a brother of police officers, former prosecutor, presidential candidate being investigated, you can't talk the way they talk. you know, have you a lot of folks coming in, but big question is where is jeff sessions right now? >> well he is on the way out -- strzok is out the door. so, senator -- attorney general, will follow the advice, you see this go through channels with department of justice with the fbi, that is how they handled it, i think that is what you see
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as we're working through the hopefully, ending chapters of the mueller probe to the point let's get it over with. and wrap it up and move on, there are too many good things going on to be distractioned by this nonsense. charles: no doubt, americans have investigation fatigue. ned, a couple things that strk k me. yesterday representative goodlatte's son disrespected his father so much. and peter strzok put up a gofundme paged, now looking forking therlooking for$500,000. >> this is absurd, we saw mccabe do this. now strzok. this is pathetic. the amazing thing is people there is such a trump derang derangement syndrome, they were both fired for cause.
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there is such a trump derangement syndrome, people are willing to give them money just to spite trump. charles: thank you so much. lou dobbs is next. lou: >> our top story, white house at epicenter of vicious attacks from the left and the right, the national left wing media amplifying unfounded, vicious accusations against president trump. president trump and th administration fighting back in full force. >> i think most of america would be happy to ignore, unfortunately the individuals in this room continue to create a large platform for someone they know not to have a lot of credibility for someone they refuse to give a platform to when they worked here at white house. lou: we take up white house


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