tv WSJ at Large With Gerry Baker FOX Business December 7, 2019 12:30am-1:00am EST
and president trump is prepared to walk away from any deal that doesn't include the terms he wants. the world bank approving a plan to give china more low-interests annual loans up to $1.5 billion through 2025. treasury secretary steven mnuchin said china is too wealthy to receive billions of dollars in loans to the world bank. one study found the world bank has given china nearly $8 billion in loans. and china keeps outsmarting the united states and much of the world. joining us, gordon chang, senior fellow at the gai -- the gate se institute.
he used to be a tough guy on china, now he's writing up these loans. it makes no damn sentence under any circumstance that the world bank would be loaning this money to china. >> they shouldn't be giving interest concessions. we are taking u.s. taxpayer dollars, we are putting them into the world bank. and because money is fungible that means u.s. taxpayers are supporting the u.s. military. >> the treasury secretary, the administration. the president has opposed the does this with the world bank. here we are in the third year of the administration and more money going out the door, what is he thinking? >> i don't know. i know china has been able to get to people in these multi lateral institutions. but to me it's astounding. before he became world bank
president, he was tough on china in the world bank issues. now he has gone completely soft. who knows what's going on. lou: kudlow said there is no osh theiry deadline. but we heard the president say this. here is the president. >> i'm doing well with a deal with china if i want to make it. i want to make it. we'll see what happens. but i don't know if i want to make a deal. we'll find out soon. lou: the president went on to say he has no deadline. >> that's important. we always had trade negotiations where we put ourselves under arbitrary deadlines and given ourselves conditions. and of course the chinese have taken the best of us. president trump hasn't done that.
he's keeping the chinese off balance. that's a good thing. in that same discussion he would almost prefer and may prefer to wait until after the 2020 elections. what do you think of that idea? is that a superior thought? >> deferring it is a good thing. what president trump is doing is he's saying to the chinese, you don't have the trade deal hammer over me. everyone has been saying trump needs to make a deal before the 2020 election so he can get re-elected. >> the billionaires are the ones pushing this. the schwarzmans and the rubens saying -- rubinstein said the president doesn't want this trade deal hanging over him going into the 2020 election. the fact is, this president has gained popularity and great
respect around the world by defying the chinese and their extraordinary influence and disinformation program that is focused on one man. and all of it by the billionaires, the business round table, the chamber of commerce. the entire business establishment this country operating as registered foreign agents to undercut president trump for his trade policies and tariffs. >> they want a trade deal, they want cooperation with china. lou: they want their damn money. it's about betting and playing their own book. wall street's book. all they want is commission on all of that money sitting in china. >> this jobs report, 266,000 new
jobs in one month. the average job increase is really impressive. the last people who wanted to hear that were those in china. this strengthened president trump's hand in the trade negotiations. they have got to say oh, my god. lou: they can say oh, my god and so can the wall streeters and the people at the chamber of commerce. under president trump our exports are rising despite the sky high dollar and despite the so-called trade war with china. this is a president winning with tariffs and with a strong demand for balanced reciprocal trade with every nation, but most specially with china. up next, evangelicals stand with president trump against the left's illegitimate impeachment inquiry.
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with the sleep number 360 smart bed it can. with your sleep number setting. can it help keep me asleep? yes, it senses your movements and automatically adjusts to keep you both comfortable. save up to $500 on select sleep number 360 smart beds. only for a limited time. lou: on wall street, the amazing unemployment report. as we reported the dow gaining 337 points, volume on the big
board 3.5 billion shares. the markets for the week ending pretty flat. crude oil up 7%. gold down nearly half a percent. a reminder to listen to my reports three times a day coast to coast on the salem radio network. three murdered at the naval base in florida. authorities say that a saudi military pilot training at the naval air station pensacola opened fire this morning. the gunman is dead. and the pathetic nothingness from the radical dimms when it comes to public policy. nancy pelosi says civilization as we know it is at stake in next year's election. so what is she doing now? attorneys from both parties will state their case monday at jerry
nadler's judiciary committee. the white house will not participate. pope francis apparently comparing president trump to the king who tried to kill baby jesus telling jesuits in thailand. there are walls that separate children from parents. herrod comes to mind. pastor of the first baptist church in dallas. pastor, great to see you. let's start with your time with the president today. tell us a little about that. >> i have never seen the president more upbeat or positive or focused than was today. the impeachment farce isn't paralyzing the president, it's
energizing him. he's focused on record stock market, regulations being pulled back. and i believe the longer the democrats want to drag out this impeachment farce, the larger his margin of he election will be in 2020. the american people are with this president. lou: nancy pelosi has made the mistake of her political life. and one i believe as you are suggesting the democratic party will pay for and pay for it dearly. this is nervous nancy pelosi in full meltdown. here she is. >> do you hate the president, madame speaker. >> i don't hate anybody. i don't hate anybody. not anybody in the world. as a catholic i resent you using
a word hate in a sentence that addresses me. i don't hate anyone. i was raised in a way with a heart full of love and i pray for the president all the time. don't mess with me when it comes to words like that. lou: wow, pastor, your thoughts. >> i find it interesting she is so indignant being accused of hatred saying it goes against her catholic faith. what about her belief in unrestricted abortion. that's against her catholic faith but she doesn't apologize for that. joe biden was forbid on have communion by his own church because he's out of step with his church and nancy pelosi is out of step with the teaching of the church. i find this hypocritical.
>> the president saying she has a bit of a credibility problem which she says she prays for. the president doesn't believe her. what do you think? >> we talked about that and i won't get into the conversation. but what i did say to the president, there are millions and millions of christians truly praying for you and believe in you because you are the most pro-life, pro religious liberty, pro israel president in history. and you can be sure when someone takes those positions, they are on god's side. lou: pope francis getting involved in basically comparing president trump to king herod. this is pretty nasty stuff. >> look, king herod murdered thousands of children trying to get rid of jesus. president trump is one who has
protected the lives of children in the womb. the most pro-life president in history. herod wanted to get rid of christ before the first christmas. president trump celebrates christmas and brought him back to the forefronts of our country and that means bringing christ back as well. lou: after listening to you, i think pope francis le send president trump a thank you card. >> a merry christmas card. lou: merry christmas, everybody. robert jeffress. thank you for being with us. up next, we'll have more on the party of hate's hapless attempts to take down president trump. his former special assistant kelly sadler is with us.
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musk said just as i those didn't mean to sodomize me with a submarine, i likewise didn't think pedo buy required any clarification. >> the democrat party does not care about the things the american people cares about, pelosi and her leadership are devoted to one thing. they are almost siccingly absorbed with destroying donald trump and they are not going to succeed at that either. >> kelly sadler, special assistant to president trump. america first policies and america first action. let's start with the extraordinary unemployment report today confirming what we know has been throughout a
booming comind this president's soaring markets which added $11 trillion since he was elected. it's been an amazing economy. >> this was a bombshell report. it defied all expectations. what i found the most even counseling out of it. we had 3% wayne growth in november. the top 10% of wage earners, they are having an increase in their wages. the bottom 10% are going faster than the top 10%. what they are seeing is an income equality gap closing. so i mean, this president is providing for the african-american community, the hispanic community, thation community, as well as for blue collar middle class americans.
that's a terrific thing for all america. monday we'll have the fisa report at long last from the inspector general, michael horowitz. your thoughts about its impact and potential influence on the campaign. >> you know what? i think the mainstream media got this up peoplement narrative they are driving forward. do they want to talk about the booming economy? it's about impeachment, impeachment. we'll have this i.g. report cop out monday and we are prepared for it. there are misdeeds with the obama administration targeting the trump campaign. i hope this report gets to the bottom of it. if it doesn't, the durham investigation out of new york will. so we'll see what happens. i presume the mainstream media will be running with the
impeachment hearings. but we'll pay special attention to this i.g. report. >> i have to ask. i don't mean to in any way mean to criticize the democrats. i don't suppose they scheduled that monday hearing on the same day that the i am g. report is coming out at long last? >> everything is a coincidence. lou: i feel better about that. i really do. the president returning from europe to the u.k. the summit, extraordinarily successful summit. what a lot they are. my gosh. and to return to this united states, in time for this report, he's truly a great place. his mood is strong and positive, and his leadership is as sure as ever.
i just can't even manage what the radical dimms when they stew in their bile and hate over there on capitol hill what they think of their real chances of unseating this president in 2020. >> they backed themselves into a corn. there are 31 vulnerable house democrats. america first policies launched a 2 million dollars ad campaign against the democrats telling them to oppose impeachment. we are seeing the polling numbers. a lot of these democrats are under water and under a lot of pressure to deliver on the kitchen table issues this president wants to propose and pass through. like lowering prescription drug prices. that's the agenda if the democrats are smart, they would pressure nancy pelosi to bring to the floor. >> i don't think we hope to see
them transform suddenly into smart individuals. but i think they may be prag mat big it all. the other thing this path is upon spore the declining increase in prices for drugs in all three years of his presidency, and he's done that without assistance from the mean spirited and hate-driven radical dimms. so on we go. kelly sadler, we appreciate it so much. stay with us. nationwide helps you invest for your future, brad. so you can plan for retirement and save for college. oh, that explains this. the nationwide dome. state-of-the-art venue. 80-yard screen. fantasy sports lounge. climate controlled seats. sushi bar. club level pool. really? lastly... retractable roof. whoa. touchdown!
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lou: stephanie grisham on this broadcast earlier tonight blasted the dim *' abuse of power. >> they know what they have done is backfiring. she is going to lose the majority. if this does go to the senate, we welcome a trial, we welcome showing the president did absolutely nothing wrong. lou: that's it for us tonight. we thank you for being with us. judicial watch's tom fitton, former acting attorney general matthew whitaker are among our
guests monday. be sure to follow me on twitter @loudobbs, and fib and instaam @loudobbstonight. good night from new york. [♪] trish: okay, america, time to meet your new big brother watching, waiting to grab your phone records. congressman adam schiff is big brother on steroids. new questions surrounding adam schiff's ethical standard or lack thereafter. as he confiscates phone records. quite possibly even mine and maybe yours. schiff has pulled thousands of phone reports with no apparent warrant. and the media is treating this whole thing as