Trump spars with GM over Ohio plant


LAUREN: PRESIDENT TRUMP SPARRING WITH GENERAL MOTORS OVER THE LORDSTOWN PLANT IN OHIO. THE PRESIDENT ARM TWISTING THE COMPANY TO REOPEN THAT PLANT BUT GM TELLING THE PRESIDENT BUTT OUT OF OUR BUSINESS, QUITE FRANKLY. WHY IS DONALD TRUMP BUTTING IN IN IN SUCH A BIG WAY IN THIS INSTANCE?>>YOU HAVE TO REMEMBER HE’S ALL ABOUT JOBS AND WITH THE LOW UNEMPLOYMENT RATE AT 3.8%, HE DOESN’T WANT TO SEE OHIO, WHICH IS HIS STATE, SUDDENLY THINK YOU’RE NOT GIVING US JOBS, YOU’RE TAKING JOBS AWAY. SOME OF THE JOBS FROM THE LORDSTOWN PLANT HAVE BEEN RELOCATED WHILE OTHERS STILL DON’T HAVE JOBS AND THIS IS A BIG PROBLEM. I THINK THAT IF HE DOESN’T GET IN THERE AND START PUSHING GENERAL MOTORS TO PRODUCE PRODUCT HERE IN THE U.S. RATHER THAN TAKING VEHICLES LIKE BLAZER AND HAVING THEM BUILT IN MEXICO, THAT’S A PROBLEM. SO THEY CAN RELOCATE BLAZE RER TO LORDSTOWN IF THEY CHOOSE TO. LAUREN: IT’S NOT JUST OHIO. POLLS ARE SHOWING THAT THE PRESIDENT IS LOSING HIS SUPPORT IN MANY STATES IN THE INDUSTRIAL MIDWEST.>>WELL, I DON’T GET INTO THE PLIGHT CAIGHT CALLHT THLLHT THELHT THEPOT THEPOLITICAL SIDE. FROM ITOM IT’S ALL ABOUT JOBS. PART OF IT IS OBVIOUSLY THAT UNION FEES, RETIREMENT FEES AND PEOPLE HAVE TO WANT TO BUY THOSE CARS AND WE ARE BUYING SUVS AND TRUCKS AND THAT’S REALLY WHAT CONSUMERS WANT AND THEY SHOULD BE MADE IN THE US. MERCEDES WILL BUILD IN ALABAMA, A $200,000 LUXURY VEHICLE. LAUREN: TOYOTA INVESTING $13 BILLION IN THE U.S. IS TOYOTA SELECTING STATES TO PRODUCE CARS AND HIRE AMERICAN WORKERS THAT DON’T SUPPORT UNIONS? IS THAT THE DIFFERENCE?>>YOU ARE SPOT-ON. YOU ARE CORRECT. THEY’RE PRODUCING IN WEST VIRGINIA, ALABAMA, TENNESSEE, PLACES THAT ARE NONUNION STATES. LAUREN: MISSOURI, KENTUCKY.>>EXACTLY. LAUREN: SO IS THE MESSAGE HERE THEN ABOUT THE UNIONS?>>WELL, I KNOW THAT IN THIS CASE WE DO NEED THE UNIONS IN DETROIT AND OHIO AND THOSE ARE JOBS THAT NEED TO BE SECURE. IT’S A MATTER OF THE PRESIDENT OFFERING SOME SORT OF INCENTIVE WHICH HE HAS BEFORE OR POTENTIALLY TAKING AWAY AN INCENTIVE. RIGHT NOW, THE NEW BUDGET INCLUDES TAKING AWAY THE E.V. TAX CREDIT AS WELL AS REDUCING OR ELIMINATING THE MONEY THAT GOES TO MANUFACTURERS TO PRODUCE BETTER, FUEL EFFICIENT CARS. IF THAT GOES AWAY, WHICH IS ENTIRELY POSSIBLE, MANUFACTURERS NO LONGER WILL HAVE THE SAME TYPE OF PRESSURE THEM FROM THE FEDERAL GOVERNMENT. IT WILL BE INTERESTING TO SEE HOW THE BUDGET UNFOLDS. LAUREN: IT WILL. OVER THE WEEKEND FOX NEWS CHANNEL HAD AN INTERVIEW WITH A U.A.W. LOCAL PRESIDENT, DAVID GREEN. HE LASHED OUT AT HIM ON TWITTER. TIM RYAN FROM OHIO, SAID LOOK, GREEN HAS DONE EVERYING HE GREEN HAS DONE EVERYTHG HE GREEN HAS DONE EVERYTHINHE GREEN HAS DONE EVERYTHINGE GREEN HAS DONE EVERYTHING HE CAN, HE’S REACHED OUT TO THE PRESIDENT MANY TIMES BEFORE BUT NO RESPONSE FROM PRESIDENT TRUMP. WHAT DO YOU MAKE OF THAT?>>U.AW AS FAR AS NEGOTIATIONS BETWEEN THEM AND GENERAL MOTORS WHICH IS COMING IN THE FALL IS GOING TO BE VERY INTERESTING. THE UAW WANTS TO GET PEOPLE JOBS. THE PRESIDENT WANTS TO SUPPORT THOSE JOBS. BUT I DON’T KNOW WHY HE HASN’T REPLIED IN THE PAST. I DON’T HAVE AN IN AT THE WHITE HOUSE. BUT I WILL TELL YOU, IT’S GOING TO BE VERY CONTENTIOUS, ESPECIALLY WITH FORD AND CHRYSLER BECAUSE IT’S ABOUT JOBS.

Senate blocks Trump’s national emergency declaration


QUARTERBACK AARON ROGERS QUARTERBACK AS HIGHEST-PAYING PLAYER. WE BEGIN WITH PRESIDENT TRUMP NATIONAL EMERGENCY, BLOCKED, THE SENATE PASSING RESOLUTION, PRESIDENT TRUMP’S EMERGENCY DECLARATION AT THE SOUTHERN BORDER, LEGISLATION HEADS TO OVAL OFFICE WHERE PRESIDENT TRUMP IS EXPECTED TO VETO IT. THE PRESIDENT TWEETED THIS YESTERDAY, I LOOK FORWARD TO VETOING THE JUST PASSED DEMOCRAT INSPIRED RESOLUTION WHICH WOULD OPEN BORDERS WHILE INCREASING CRIMES, TRAFFICKING IN THE COUNTRY. THAT WAS MORE THAN EXPECTED, 12GOP SENATORS VOTED AGAINST THE PRESIDENT MAKING THE FINAL SENATE VOTE 59 TO 41. JOINING US NOW WEEKLY STANDARD DEPUTY EDITOR KELLY JANE, KELLY, GOOD TO SEE YOU, THANK YOU SO MUCH FOR JOINING US HERE. WE WERE EXPECTING THIS RESOLUTION TO PASS THE SENATE, BUT ACTUALLY IT WAS MORE REPUBLICANS GOING AGAINST THE PRESIDENT THAN WE THOUGHT.>>YEAH, YOU’RE RIGHT, MARIA, THE LAST I HAD HEARD REALLY RIGHT BEFORE SHORTLY BEFORE THE VOTE WAS THAT 5 REPUBLICANS WERE GOING TO JOIN, BUT IT SEEMS THAT ONCE ENOUGH JOINED THAT THEY KNOW THE RESOLUTION IS GOING TO PASS, THAT OTHERS YOU KNOW, THERE’S NOTHING TO LOSE, NO ONE CAN BLAME THEM FOR BEING THE SINGLE VOTE THAT PUTS THE RESOLUTION OVER THE EDGE, I FIND THAT VERY INTERESTING, THIS IS, YOU KNOW, A VERY BIG ISSUE, BIG STARK ISSUE AND YOU THINK THE SENATOR WOULD KNOW WHETHER HE OR SHE WILL VOTE FOR SOMETHING, WOULDN’T DEPEND ON WHO ELSE IS GOING TO VOTE, THAT REALLY SHOWS THAT THIS IS PARTLY A BIG POLITICAL GAME, PEOPLE ARE LOOKING TO MAKE UP STATEMENT RATHER THAN THINK ABOUT WHAT THEY ACTUALLY BELIEVE AND VOTE THAT WAY. INTERESTING. MARIA: WILL IT SURVIVE THE VETO, THE PRESIDENT WILL VETO THIS BUT WILL THEY BE ABLE TO OVERRIDE THE VETO?>>I DON’T THINK SO, NO. I MEAN, MAYBE AT THIS POINT SOME PEOPLE SAW WHAT HAPPENED AND OTHER SENATORS MIGHT DECIDE TO JOIN IN BUT I DOUBT IT. I THINK THAT WE ARE GOING TO SEE THE PEOPLE WHO VOTED — IT’S INTERESTING, YOU’LL SEE — YOU SAW AFTERWARDS SOME PEOPLE THAT WERE SURPRISED DID NOT JOIN THE VOTE, BEN SASSE, NEVER BEEN BEEN AFRAID TO CRITICIZE THE PRESIDENT IN THE PAST, HE DID NOT JOIN DEMOCRATS WITH THIS, ISSUED A STATEMENT ABOUT IT. SO I THINK HIS MOMENT IF HE WE WANTED TO JOIN THIS PACK, I DO NOT EXPECT THE SENATORS TO BE ABLE TO OVERRIDE TRUMP’S VETO.>>MARIA, BASICALLY THE VETO DOESN’T GET OVERRIDDEN, FUNDS ARE APPROPRIATED, WALL CONSTRUCTION CONTINUES ON AND THAT’S BASICALLY — THAT’S BASICALLY IT, RIGHT, DOESN’T SEEM LIKE THIS IS A POLITICAL HOT POTATO THAT IT WAS MONTHS AGO?>>WELL, THAT’S GOOD QUESTION, I’M NOT SURE THAT IT STOPS HERE, KEEP IN MIND NOW THAT THE PRESIDENT RELEASES BUDGET PROPOSAL THIS WEEK, THAT’S NOT GOING TO BECOME LAW, THE PRESIDENT’S BUDGET NEVER BECOMES LAW BUT THE PRESIDENT NOT ONLY ASKED FOR MONEY TO REPLACE SOME MONEY, HE’S TAKING FROM PENTAGON FUNDS TO PAY FOR THE WALL WITH THIS EMERGENCY DECLARATION BUT HE’S ACTUALLY ASKING FOR ADDITIONAL, I BELIEVE, IT’S AROUND 8 BILLION MORE FOR THE WALL. NOW, CLEARLY HE’S NOT GOING TO GET THAT BUT I THINK HE ACTUALLY WANTS TO PICK A POLITICAL FIGHT OVER THIS, HE KNOWS HE’S NOT GOING TO GET IT. MORE MONEY THAN HE’S ASKED FOR THIS LAST TIME BUT I THINK HE RELISHES THE FIGHT WITH DEMOCRATS AND I THINK HE WANTS THIS GOING INTO 2020. MARIA: THIS IS A POLITICAL CALCULATION BECAUSE THE PRESIDENT HAS TO APPEAR IN HIS REELECTION THAT HE DID EVERYTHING HE POSSIBLY COULD TO GET THE MONEY FOR THE WALL. THIS IS ALSO ABOUT 2020, WHAT ABOUT 2020 KELLY BECAUSE FORMER TEXAS CONGRESSMAN BETO O’ROURKE ANNOUNCED CANDIDACY, NEW REPORTS INDICATE THAT DEMOCRATIC PRIMARY BATTLE MIGHT BE HURT BECAUSE OF PAST INVOLVEMENT WITH THE GOP WHEN HE BEGAN POLITICAL CAREER IN TEXAS RELIED ON GROUP OF REPUBLICAN SUPPORTERS TO GIVE BOOST TO CAREER OPPOSING OBAMACARE, CALLING FOR RAISING THE SOCIAL SECURITY ELIGIBILITY AGE AND EVEN VOTED AGAINST NANCY PELOSI FOR SPEAKER OF THE HOUSE ACCORDING TO WALL STREET JOURNAL.>>YEAH, I FIND ALL OF THIS VERY INTERESTING AND ONE PLACE THAT HE’S SORT OF DEMONSTRATED HOW HE’S DIFFERENT FROM ALL THE OTHER DEMOCRATIC PRESIDENTIAL HOPEFULS, RUNNING THIS TERM, HE LOOKED — HE SOUNDS LIKE OBAMA, OBAMA DIDN’T HAVE A LOT OF EXPERIENCE WHEN HE RAN FOR PRESIDENT AND SLOGAN WAS YES, WE CAN, WHEN YOU LOOK AT ANNOUNCEMENT YET AND TWEET THAT SUMMED UP HIS MOTTO, IT WAS THE COUNTRY IS FACING GREAT PARREL, I CAN’T FIX IT ALONE, I NEED YOUR HELP, PLEASE JOIN ME, THAT WAS ACTUALLY IN CONTRAST TO PRESIDENT TRUMP WHO RAN A LOT DURING THE CAMPAIGN SAYING WE HAVE BIG PROBLEMS, ONLY I CAN FIX THEM, BETO O’ROURKE IS WE NEED TO DO THIS, AND BECAUSE OF THAT — MARIA: THE OTHER SIDE KEEPS SAYING WE HAVE BIG PROBLEMS THAT’S A CRISIS, I’M TRYING TO FIGURE OUT WHAT CRISIS. DAGEN: EXACTLY. MARIA: WHAT’S THE CRISIS? DAGEN: EXACTLY THAT’S NOT THE TONE THAT YOU GOT FROM BETO O’ROURKE IN HIS ANNOUNCEMENT THAT HE’S REALLY TRYING TO WALK THE SAME PATH THAT PRESIDENT OBAMA DID WHEN HE WAS RUNNING FOR THE NOMINATION, WHAT’S REALLY INTERESTING IS ARE THE DEMOCRATS GOING TO VOTE FOR THEIR NOMINEE BASED ON VERY LEFT-WING POLICY IDEAS AND SOCIAL JUSTICE IDENTITY POLITIC ISSUES OR ARE THEY GOING TO VOTE FOR THE PERSON THAT CAN BEAT PRESIDENT TRUMP AND THERE’S A LOT OF POLLING THAT’S BEEN OUT THERE, THE WALL STREET JOURNAL FOUND IN MOST RECENT POLL THAT THEY DEMOCRATS WERE VOTING BASED ON ISSUES AND NOT AGAINST PRESIDENT TRUMP, BUT IF THEY ARE VOTING FOR SOMEBODY WHO THEY THINK COULD GIVE PRESIDENT TRUMP A RUN FOR HIS MONEY IN TERMS OF AUTHENTICITY AND SOCIAL MEDIA PRESENCE AND FUNDRAISING WITH $80 MILLION THAT HE BROUGHT IN TO TAKE ON TED CRUZ — MARIA: NO POLICY THAT I SEE FROM BETO. SIT JUST ABOUT RESIST? DAGEN: POLICY PROPOSAL THE ONLY THING THAT WE HAVE HEARD IS TEARING DOWN THE WALL ON THE BORDER AND JOHN WAS LOOKING AT WEBSITE NO POLICY PROPOSALS, BUT HE DOESN’T REALLY NEED TO GET AHEAD OF CANDIDATES ON THIS, I THINK IT’S GOING TO HURT THE LIKES OF ELIZABETH WARREN WHO IS ADVOCATING A WEALTH TAX IN THE COUNTRY WHICH IS UNCONSTITUTIONAL WHICH IS COMPLETELY –>>BETO COULD GO THERE. AS OF RIGHT NOW, IT’S SKATE BOARDING, NO POLICY WHATSOEVER, IT’S DOING SELFIES WHILE YOU’RE AT THE DENTIST’S OFFICE, I USE A LOT OF SOCIAL MEDIA, I’M 42, HE’S 46 YEAR’S OLD, PEOPLE WILL FIND SKATE BOARDING EXCITING OR FIND IT EMBARRASSING FOR AN ADULT MAN TO BE SKATE BOARDING TO CAMPAIGN RALLY. DAGEN: IF YOU REALLY WANT TO FIT IN THE GENERATION, YOU TO HAVE SOME SORT OF WEIRD HAIRDO.>>ROCK BAND, SKATE BOARD. HE’S LIKE MY 8-YEAR-OLD SON. [LAUGHTER] DAGEN: WENT TO ALL BOYS ELITIST SCHOOL IN VIRGINIA BY THE WAY. MARIA: RESEMBLANCE ON THE COVER, SIMILAR TO PRESIDENT REAGAN’S TIME MAGAZINE MAN OF THE YEAR THAT WAS IN 1981. I GUESS THIS IS INTENTIONAL, WHAT DO YOU THINK?>>I THINK IT IS, I THINK THEY ARE TRYING TO GIVE HIM — AS SOME OF YOUR OTHER GUESTS POINTED OUT HE MIGHT HAVE. HIS CONNECTION TO PEOPLE ARE PERSONAL. PEOPLE ARE RIGHT, HE’S NOT MADE VERY POLICY PRONOUNCEMENTS, IN SOME WAYS HE HASN’T ANGERED A LOT OF PEOPLE YET. SOME WILL BE ANGERED, WILLINGNESS TO WORK WITH REPUBLICANS, DEMOCRATS MAYBE DON’T LIKE THAT, MAYBE A LOT OF AMERICANS ARE GOING TO LIKE IT. BETO GOT IN TROUBLE, HE ACTUALLY REFUSED TO ENDORSE DEMOCRAT IN TEXAS WHO IS RUNNING AGAINST HIS FRIEND REPUBLICAN WILL HURD, THIS WAS THE GUY WHO DOESN’T SEE THINGS NECESSARILY ALWAYS THROUGH A PARTY LENS BUT A MORE PERSONAL LENS AND, YOU KNOW, I THINK THE DEMOCRATIC BASE IS NOT GOING TO LIKE IT BUT AMERICANS WHO ARE SICK OF ALL THIS POLARIZATION AND DEMOCRATS REFUSING TO WORK WITH REPUBLICANS BECAUSE THEY DON’T WANT TO GIVE PRESIDENT TRUMP A SINGLE WIN, THEY MIGHT FIND IT REFRESHING. MARIA: WE WILL SEE IF HE DOES IN FACT, WANT TO WORK WITH REPUBLICANS. THE ONE POLICY THAT WE HAVE FOUND AS DAGEN NOTED, HE WANTS TO TEAR DOWN WALLS.>>THAT’S THE HUGE — THAT’S HUGE PROBLEM, THAT IS WHERE LEAST WITH THE OTHER DEMOCRATS. SUDDENLY DEMOCRATS THINK THAT WE SHOULDN’T HAVE BORDERS IN THIS COUNTRY, IT’S CERTAINLY A NEW THING FOR ME AND HOW TO DEAL WITH THE PEOPLE WHO WOULD COME HERE IF WE DIDN’T HAVE WALLS, THEY’VE NEVER WORD ABOUT HOW THE

Trump tells Russia to ‘get out’ of Venezuela


DAVID: BREAKING TONIGHT, PRESIDENT TRUMP MEETING WITH THE WIFE OF U.S. RECOGNIZED VENEZUELAN PRESIDENT JUAN GUAIDO AT THE WHITE HOUSE. THIS AS TENSIONS, VIOLENCE, POVERTY AND A 91% BLACKOUT BLANKET THE SOCIALIST COUNTRY. TRUMP TODAY TOLD RUSSIA IN NO UNCERTAIN TERMS, BACK OFF OF VENEZUELA. WATCH. REPORTER: WHAT SORT OF COMPLICATIONS DOES RUSSIA’S INVOLVEMENT NOW POSE?>>RUSSIA HAS TO GET OUT. WHAT’S YOUR NEXT QUESTION? REPORTER: YOU JUST SAID RUSSIA NEEDS TO GET OUT. HAVE YOU IN ANY WAY COMMUNICATED THAT THROUGH YOUR REPRESENTATIVE AT THE UNITED NATIONS?>>THEY KNOW. THEY KNOW VERY WELL. DAVID: HERE WITH ME NOW IS INSTITUTE FOR THE STUDY OF WAR CHAIRMAN AND FOX NEWS SENIOR STRATEGIC ANALYST, RETIRED FOUR-STAR GENERAL JACK KEANE. GENERAL, FIVE WORDS. RUSSIA HAS TO GET OUT. I LOVE IT. THE ELOQUENCE IS WONDERFUL. WHAT WAS MISSING WAS “OR ELSE.” OR ELSE WHAT?>>CERTAINLY THIS IS COMPLICATING THE SITUATION. IT’S ALREADY TENSE IN THE POLITICAL AND DIPLOMATIC STANDOFF WITH MADURO. CLEARLY, WHAT I THINK IS HAPPENING HERE IS THE RUSSIANS ARE BUOYED BY THE SUCCESSFUL INTERVENTION BY THEIR MILITARY TO PROP UP THE ASSAD REGIME BUT WHAT IS STUNNING IS THIS IS THE WESTERN HEMISPHERE. THIS IS SOUTH AMERICA. THIS IS OUR BACKYARD. 100 SOLDIERS DOES NOT MAKE A MILITARY INTERVENTION. THAT’S WHAT WE’VE GOT HERE. BUT IT CLEARLY RAISES THE STAKES. THE PRESIDENT IS RESPONDING TO IT. I DON’T THINK THE MILITARY OPTION IS ON THE TABLE NECESSARILY AS A RESULT OF THIS, OR LIKELY. I THINK THAT WOULD ONLY HAPPEN AFTER ALL THE PRESSURE IS APPLIED AND FULL PRESSURE HASN’T BEEN APPLIED YET. THE CONSENSUS AMONG OUR ALLIES IN THE REGION IS LET’S CARRY THAT OUT. HOWEVER, THERE ARE SOME THINGS I BELIEVE THE PRESIDENT COULD DO TO GET INSIDE PUTIN’S HEAD. DAVID: FOR EXAMPLE?>>HIS BACKYARD IS UKRAINE. LET’S INCREASE THE LETHAL AID IN UKRAINE OVER WHAT WE HAVE ALREADY DONE, AND MAYBE A LITTLE MORE THAN WHAT WE INTEND TO DO. GET HIS ATTENTION. SECONDLY, RUSSIA HAS NEVER COMPLIED WITH THE U.N. RESOLUTION ON SANCTIONS DEALING WITH NORTH KOREA. THEY HAVE BEEN IN VIOLATION OF THE VERY RESOLUTION THAT THEY VOTED FOR. I SUSPECT WE HAVE EVIDENCE OF IT. LET’S PUT IT OUT THERE AND EXPOSE THEM FOR THAT. EXPOSE WHAT THEY’RE TRULY DOING IN ASSISTING THE NORTH KOREANS IN VIOLATION OF THE U.N. RESOLUTION. THOSE ARE A COUPLE THINGS YOU CAN GET OUT THERE. DAVID: YOU KNOW, AMBASSADOR JOHN BOLTON BROUGHT OUT KIND OF A SCARY NOTION, LOOKING AT THIS RUSSIAN PLANE, HE SAID, THIS IS JOHN BOLTON’S TWEET, HE SAID RATHER THAN SENDING NUCLEAR-CAPABLE BOMBERS AND SPECIAL FORCES TO PROP UP A CORRUPT DICTATOR, IS IT CONCEIVABLE THAT THIS HAS NUKES ON IT, THIS PLANE?>>NO. ABSOLUTELY NOT. DAVID: WE’RE NOT TO A CUBAN MISSILE CRISIS.>>THAT WOULD BE PROVOCATION BEYOND CUBAN MISSILE CRISIS, ACTUALLY. MADURO HAS FRIENDS. RUSSIA IS ONE OF THEM. THEY HAVE INVESTMENTS THERE. THEY HAVE A LITTLE BIT OF A MILITARY CAPABILITY THERE. CHINA, MAJOR INVESTOR. THE CUBANS HAVE PROVIDED MENTORSHIP TO MADURO AND THEY’VE GOT GOONS IN THERE THAT ARE PARAMILITARY FORCES ACTUALLY ON THE GROUND PUSHING BACK ON THE PEOPLE AND THEN OF COURSE, THERE’S NICARAGUA. LOOK AT THAT LINEUP. IT’S NOT SURPRISING THAT THIS STOOGE MADURO HAS THOSE KIND OF COUNTRIES SUPPORTING HIM. EVERY SINGLE ONE OF THEM IS AN ADVERSARY OF THE UNITED STATES. DAVID: THE CUBANS HAVE BEEN THERE FOR A LONG TIME, THOUSANDS OF THEM, AND THEY HAVE A TENDENCY TO BLEND. WE SAW IT IN NICARAGUA WHEN THE SANDANISTAS ARE STILL IN CONTROL BUT THEY BLENDED IN WITH THE POPULATION. EVEN IF MADURO LEAVES, MIGHT IT NOT BE DIFFICULT TO KIND OF WEED THEM OUT?>>NO. I THINK IF MADURO LEAVES IT’S BECAUSE THE MILITARY HAS CHANGED ITS SUPPORT. THEN GUAIDO WOULD ORDER EVICTION OF THE CUBANS. THE CUBANS WOULD GO PRETTY QUICK BECAUSE THEY KNOW THE PEOPLE COULD TURN ON THEM WITHOUT THE PROTECTION OF THE MILITARY. I THINK THEY WOULD GET OUT OF THERE. BUT YOU KNOW, YOU BRING UP A GOOD POINT. CERTAINLY WE ARE IN A STANDOFF WITH MADURO. WE WANT A REGIME CHANGE THERE, HOPEFULLY PEACEFULLY AS OPPOSED TO USING MILITARY FORCE, BUT THE STRATEGIC IMPLICATIONS OF THIS ARE SIGNIFICANT. THE PRESIDENT’S TEAM AND THE PRESIDENT HIMSELF GETS IT. THIS IS REALLY A PUSHBACK ON AUTHORITARIAN REGIMES IN THE WESTERN HEMISPHERE THAT HAVE BEEN SO TROUBLING TO US AND SO DETRIMENTAL TO THE PEOPLE WHO ARE LIVING THERE. DAVID: FOR DECADES. SINCE THE EARLY 1960s, WE HAVE BEEN DEALING WITH THIS. JUST FINALLY, WE GOT TO WRAP IT UP, BUT I THINK OF PRESIDENT OBAMA AND I DON’T MEAN TO ALWAYS PICK ON PRESIDENT OBAMA, HE DID SOME GOOD THINGS, BUT PRESIDENT OBAMA SITTING DOWN WATCHING A BASEBALL GAME WITH CASTRO, GIVING A HIGH FIVE, AS I REMEMBER, TO HUGO CHAVEZ, MADURO’S PREDECESSOR, INSTEAD OF ENCOURAGING DICTATORSHIP, YOU HAVE A PRESIDENT WHO IS WILLING TO STAND UP TO IT. THAT’S A GOOD CHANGE, ISN’T IT?>>ABSOLUTELY. I THINK THIS IS THE BEGINNING OF THAT KIND OF CHANGE. I THINK THE OTHER COUNTRIES HERE THAT ARE SUPPORTING HIM IN THE REGION WILL HAVE SOME IMPACT IN TERMS OF WEAKEN THEIR HOLD ON THEIR OWN PEOPLE AND ALSO ENCOURAGE THE PEOPLE IN THOSE COUNTRIES TO DEMAND CHANGE. DAVID: IF MADURO GOES, OF COURSE THE MONEY TREE GOES, TOO. ALL OF THE OIL, THE PIPELINES GET BLOWN UP AND I DON’T KNOW IF CUBA, IT’S THE COMMUNIST GOVERNMENT THERE, COULD STAND ON ITS OWN WITHOUT THAT OIL.>>THAT OIL HAS BEEN VERY SIGNIFICANT TO THEM. THAT’S WHY AS YOU INDICATED, THERE’S THOUSANDS OF PARAMILITARY THERE.

Tesla unveils new Model Y SUV


DON’T MISS A MOMENT OF IT. A LOT COMING UP THIS MORNING. WE WANT TO KICK IT OFF HERE, TESLA BIG BET, ELON MUSK UNVEILED MODEL Y, SUV HE’S HOPING WILL ENTER PRODUCTION NEXT YEAR.>>ALL RIGHT. THE MODEL Y. [CHEERS AND APPLAUSE]>>HAS THE FUNCTIONALITY OF SUV BUT WILL RIDE LIKE THE SPORTS CAR, THE THING WILL BE TIGHT IN CORNERS AND WE EXPECT WILL BE THE SAFEST MID-SIZE SUV IN THE WORLD BY FAR. MARIA: NEW VEHICLE HAS A STARTING PRICE OF $39,000, MUSK SAYS IT WOULD HAVE THE RANGE OF UP TO 300 MILES PER CHARGE, JOINING THE CONVERSATION THIS MORNING KEVIN KELLY, ALONG WITH FOUNDER OF CHEDDAR, JOHN STEINBERG.>>HE GOT 500,000 PREORDERS, A THOUSAND DOLLARS, HALF A BILLION, WHO KNOWS WHEN HE WILL SHIP THIS CAR AND WHAT PRICE IT’S GOING TO BE.>>THE IMPORTANT THING FOR HIM HE HAS TO ROUND OUT PRODUCT BECAUSE HE HAS COMPETITION AND THAT’S THE BIGGEST THREAT COMING TO TESLA. THEY HAVE TO HAVE EVERY OPTION AVAILABLE AND THINK ABOUT WHAT AMERICANS WANT. THEY WANT CROSSOVERS, THEY WANT SUV’S, HE’S GIVING A CAR FOR THE DEMAND THAT’S OUT THERE.>>RUNNING OUT OF MONEY AND NICE WAY TO GET A FEW HUNDRED MILLION DOLLARS BUT DEPOSITS $25 MILLION VERSUS MODEL S. KEVIN: CHIEF LEGAL COUNSEL LEFT, ISSUE IS THEY NEED TO KEEP COMING OUT WITH IDEAS LIKE THIS. MARIA: WHAT ABOUT THAT? BURN IN TERMS OF CASH.>>HE SHOULDN’T BE RUNNING THE COMPANY, HE’S A GENIUS, HE’S THE THOMAS EDISON OF OUR TIME BUT NO NO WAY EQUIP TODAY RUN A COMPANY. KEVIN: WASN’T TOMAS EDISON AND NICKLAUS ADVERSARIES? DAGEN: PLEASE. [LAUGHTER] DAGEN: YOU SAID SEC IS — [LAUGHTER] MARIA: HE’S POKING THEM.>>I DIDN’T MEAN IT LITERALLY. KEVIN: THE NICE PART ABOUT TESLA IS THEY ARE GREAT CARS.>>I LOVE MINE. I HAVE THE MODEL S, I WILL PREORDER SO I’M GOING TO HELP WITH THAT. KEVIN: GEORGIA BACK TO IT, THEY HAVE GREAT CARS BUT HAVING HIM THERE IS DISTRACTION, HE SHOULD BE CHAIRMAN OR THE COO OR CHIEF VISIONARY OFFICER OR SOMETHING LIKE THAT. MARIA: YOU MENTIONED COMPETITION, REAL QUICK TWEAK FROM FORD, FORD MOTOR POSTED ELECTRIC BLUE VERSION OF MUSTANG LOGO WITH LINE, HOLD YOUR HORSES, ELECTRIC IN FORD. THIS IS AN IMPORTANT UNVEIL IF THAT’S THE CASE.>>YEAH, EMBLEMATIC WITH WHAT’S HAPPENING, EVERY CAR WILL GO TO ELECTRIC VEHICLES OR HALF ELECTRIC VEHICLES AND THEY KNOW HOW TO PRODUCE, THE PRODUCTION CAN BE DONE BY THEM BECAUSE THEY ARE CAR COMPANIES, I MEAN, IF YOU LOOK AT TESLA, IT WAS A START-UP THAT DIDN’T KNOW HOW TO MAKE CARS, THEY HAD PRODUCTION LINE ISSUES RAND NOW HERE YOU ARE THE INCUMBENTS COMING AND THEY DON’T WANT TO SEE MORE SHARE TO TESLA. DAGEN: JOHN HITS ON WHAT’S IMPORTANT, THE CUSTOMERS ONTO MUSK, ARE THEY WILLING TO GIVE HIM THOSE INTEREST LOANS SHORT-TERM.>>A LOT OF CANCELLATIONS ON THE MODEL S, PEOPLE KNOW THAT HE DELIVERED THE CARS SOMETIME AND NEVER, YES, I THINK THE CUSTOMERS ARE ONTO IT. DAGEN: AGAIN, SO THE SCHEME OF THIS FINANCING SCHEME MIGHT BE RUNNING OUT OF LEGS, THAT’S THE DANGER.>>IT’S COCKTAIL PARTY, I PUT MY 2500 DOWN. DAGEN: THESE ARE COOL CARS.>>I CAN DRIVE THE CAR WITH MY PHONE. MARIA: INCREDIBLE. DAGEN: THEY ARE NOT THERE YET.>>NOT WHERE CLOSE.

Beto O’Rourke announces 2020 presidential bid


LATER THIS HOUR. FIRST THIS, BREAKING NEWS THIS MORNING, BETO O’ROURKE ANNOUNCES CANDIDACY FOR THE 2020 DEMOCRATIC NOMINATION FOR PRESIDENT. MAKING OFFICIAL ANNOUNCEMENT EARLIER THIS HOUR.>>AMY AND I ARE HAPPY TO SHARE WITH YOU THAT I’M RUN TO GO SERVE YOU AS THE PRESIDENT OF THE UNITED STATES OF AMERICA, THIS IS DEFINING MOMENT OF TRUTH FOR THIS COUNTRY AND EVERY SINGLE ONE OF US. MARIA: BETO JOINS A GROWING LIST OF CONTENDERS LOOKING TO UNSEAT PRESIDENT TRUMP IN NEXT YEAR’S ELECTION, JOINING US REAL CLEAR POLITICS, WHITE HOUSE REPORTER PHILIP, GOOD TO HAVE YOU ON THE PROGRAM THIS MORNING, THANKS SO MUCH FOR JOINING US.>>THRANGS FOR HAVING ME. MARIA: YOUR REACTION TO BETO?>>IF MAGAZINE WRITERS DECIDED WHO WILL BE PRESIDENT OF THE UNITED STATES, BETO O’ROURKE WOULD ALREADY BE IN THE WHITE HOUSE, SO MANY MAGAZINE PROFILES ABOUT THIS GUY, HE’S GOING TO HAVE TO RUN OLD-FASHION WAY. I THINK WHAT WE WILL FIND OUT, WHAT BETO O’ROURKE IS GOING TO REALIZE IS THAT THE OTHER CANDIDATES WHO ARE COMPETING AGAINST HIM WILL ASK A LOT TOUGHER QUESTIONS THAN A LOT OF THE JOURNALISTS WHO HAVE BEEN FOLLOWING HIM WHEN HE WAS CHALLENGING SENATOR TED CRUZ AND WHO KEPT FOLLOWING HIM EVER SINCE. MARIA: THEY CALL HIM BABY CANDIDATE, DAGEN. DAGEN: I THINK HE WOULD NOT BE GETTING AS NEARLY MUCH ATTENTION PARTICULARLY FROM THE MEDIA AND CELEBRITIES IN HOLLYWOOD IF HE LOOKED LIKE SOMEBODY ELSE BUT HE DOES LOOK LIKE SOME OF THE CANDIDATES, QUITE FRANKLY, NUMBER 2, HE HAS PHOTOGRAPHS OF VANITY FAIR ON THE COVER WITH HIS DOG TO MAKE HIM LIKABLE, THAT’S NOT AN ACCIDENT. AND HE SAID IN THE COVER STORY, I WANT TO BE IN IT, MAN, I’M JUST BORN TO BE IN IT.>>OBNOXIOUS. DAGEN: TAKING ADVANTAGE OF THE AMERICAN PEOPLE NOT KNOWING A WHOLE LOT ABOUT HIM, HE’S A YOUNG FACE AND HE GAVE TED CRUZ A RUN FOR HIS WHERE HE CAME 5 PERCENTAGE, PURPLE STATE. I THINK PEOPLE SEE HIM AS PRESIDENTIAL CANDIDATE. JOE BIDEN HISTORICALLY HAVE TROUBLE RAISING MONEY PARTICULARLY IN THE PRESIDENTIAL RACE, BETO O’ROURKE CAN RACE SOME MONEY, WE KNOW THAT. MARIA: HE’S NOT RUNNING FOR VICE PRESIDENT, HE’S RUNNING FOR PRESIDENT.>>BARACK OBAMA SENSATION SPEAKING IN 2004 CONVENTION. MARIA: WHAT’S HIS POLICY, WHAT’S HIS MESSAGING? THE LEFT –>>ALL CANDIDATES — MARIA: HE DIDN’T LIKE THE POLICIES AT THE END OF THE DAY.>>THEY ARE ALL THE SAME GOING AFTER COWS TO DISTINGUISH THEMSELVES. [LAUGHTER]>>HE’S BETTER LOOKING, GLAMOR, GOOD PHOTOGRAPHERS AND THAT KIND OF STUFF, KENNEDY THING AND SUBSTANCE FREE AND DISTINGUISHING HIMSELF FROM CANDIDATES. DAGEN: MAYBE YOU CAN BEAT SUBSTANCE FREE BECAUSE THE SUBSTANCE BY THE CANDIDATE WHO IS ARE ALREADY OUT THERE IS APPALLING AND UNAPPEALING TO A LOT OF AMERICANS. MARIA: LIKE THE GREEN DEAL. DAGEN: WEALTH CONFISCATION, MEDICARE FOR ALL, I WANT TO POINT OUT BERNIE SANDERS’ BILL THAT KAMALA HARRIS AND KIRSTEN GILLIBRAND THAT ALL HAVE SIGNED UP TO –>>MEDICARE IS FALSE ADVERTISING. MARIA: EXACTLY.>>THE MAGAZINE IS NOT ACTUALLY CONSERVATIVE PUBLICATION HIT BETO, I’M PARAPHRASING, THEY SAID HE HAS NO IDEA WHAT HE’S RUNNING, IS AN ENTITLED RICH, WHITE GUY THE FUTURE OF THE DEMOCRATIC PARTY? [LAUGHTER]>>THAT’S GOING TO BE THE SCRIPT THAT A LOT OF THE OPPOSITION WILL LODGE AGAINST HIM. THEY WILL TRY TO PAINT HIM, LOST HIS LAST BID AND WHO REALLY HASN’T DONE A LOT TO DESERVE THE TYPE OF NOMINATION AND I THINK THOSE ARE GOING TO BE INCREDIBLY POWERFUL ATTACKS, THIS IS NOT GOING TO BE NECESSARILY THE MOST SUBSTANTIVE DEBATE ABOUT WHO THE NOMINEE SHOULD BE BECAUSE THE FIELD IS ALREADY SO FAR LEFT. WE WILL SEE A PERSONALITY DRIVEN RACE AND COMPETITION WILL BE MORE CHARISMATIC WHO FILL OBAMA, BETO O’ROURKE MIGHT BE TOO LATE. DAGEN: IN THIS FIELD, YOU ONLY — IF YOU’RE A DEMOCRAT YOU ONLY HAVE TO BE NORMAL AND NOT YOU HAVE A DEMOCRATIC PARTY THAT’S NOT ONLY GETTING BEHIND ABOLISHING ALL PRIVATE HEALTH INSURANCE IN THIS COUNTRY, DESCRIBING UP THE PRICE OF GASOLINE, ELECTRICITY BILLS TO THE MOON, CRUSHES THE POOR BUT ALSO THE PARTY OF, WELL, ANTI-SEMITISM BECAUSE THERE HAS NOT BEEN ENOUGH PUSHBACK FROM THE LEADERSHIP FROM THE PARTY AND CANDIDATES, ANTISEMITIC COMMENTS –>>ANOTHER THING IN THIS DEAL, WHEN YOU LOOK AT MOST TO HAVE CANDIDATES IS NOT ONLY ARE NOT HAVING DIFFERENCES ON ISSUES BUT WHAT HAVE THEY DONE WITH THEIR LIVES, BERNIE DIDN’T GET A JOB TILL HE WAS 53. MARIA: WOW, IS THAT RIGHT? I DID NOT KNOW THAT. LET ME ASK YOU THIS, ANDREW WEISMANN ONE OF THE PROMINENT MEMBERS OF JUSTICE TEAM WILL BE JUSTICE DEPARTMENT, WE KNOW THAT THIS IS AN INDIVIDUAL THAT WAS AT DEPARTMENT OF JUSTICE WHEN THEY CAME UP WITH THE DOSSIER, HE KNEW THE DOSSIER PAID BY HILLARY CLINTON AND TWO WEEKS AGO CONGRESSWOMAN JIM JORDAN AND MARK MEADOWS SENT LETTER TO WILLIAM BARR SAYING WE WANT ACCOUNTABILITY, WHAT DID HE SAY ABOUT THE FACT HE’S CONFLICTED BECAUSE HE KNEW ABOUT THE DOSSIER THAT HILLARY CLINTON PAID FOR IT AND NOW THE SPECIAL COUNSEL ASSISTANT OR DEPUTY?>>SO I THINK WHAT IS INTERESTING ABOUT WEISSMAN’S EXIT THIS IS A PROSECUTOR THAT A LOT OF PEOPLE IN TRUMP CAMPAIGN WERE MOST WORRIED ABOUT. IF YOU REMEMBER STEVE BANNON CALLED WEISMAN A KILLER, HE WAS THE LEBRON JAMES OF THESE TYPES OF INVESTIGATIONS, SEEMS HE WAS ABLE TO BRING CHARGES AGAINST MANAFORT BUT SO FAR THERE HASN’T BEEN ANYTHING THAT HAS STUCK AGAINST THE PRESIDENT. I THINK THE WHITE HOUSE SEES A PRECURSE — PRECURSOR WRAPPING UP. MARIA: DO YOU THINK THE LETTER FROM THE CONGRESSWOMAN JIM JORDAN, CATALYST THAT GOT HIM PACKING UP?>>THAT’S CERTAINLY POSSIBLE, WE DON’T KNOW RIGHT NOW, THE THING ABOUT THE SPECIAL COUNSEL IS THEY DON’T LEAK, THAT CERTAINLY COULD HAVE BEEN FOR THIS, BUT I THINK FROM THE NPR REPORT THAT BROKE THE STORY, THE LATEST WHAT WE ARE SEEING THINGS ARE WRAPPING UP AND FINALLY AFTER

Adam Schiff should resign: Jason Chaffetz


HI EVERYBODY I’M DAVID ASMAN IN FOR TRISH REGAN. TOP STORY THE HOUSE INTEL COMMITTEE DEVOLVING INTO AN ALL-OUT WAR OF WORDS AS REPUBLICANS ON THE PANEL DEMAND THE DEMOCRATIC CHAIRMAN ADAM SCHIFF STEPPED DOWN OVER HIS CONTINUED CLAIMS THAT PRESIDENT TRUMP’S CAMPAIGN COLLUDED WITH THE RUSSIANS IN 2016.>>YOUR WILLINGNESS TO CONTINUE TO PROMOTE IT DEMONSTRABLY FALSE NARRATIVE IS ALARMING. IT EXPOSES YOU OF HAVING ABUSED HER POSITION TO KNOWINGLY PROMOTE FALSE INFORMATION. AS SUCH WE HAVE NO FAITH IN YOUR ABILITY TO HIS CHARGER DUTIES. MY COLLEAGUES MAY THINK IT’S OKAY THAT THE RUSSIANS OFFERED ON THE DEMOCRATIC CANDIDATE FOR PRESIDENT AS PART OF WHAT WAS DESCRIBED IN THE RUSSIAN GOVERNMENT EFFORT TO HELP THE TRUMP CAMPAIGN. YOU MIGHT THINK THAT’S OKAY.>>I DON’T THINK IT’S OKAY. I THINK IT’S IMMORAL. I THINK IT’S UNETHICAL. I THINK IT’S UNPATRIOTIC AND YES I THINK IT’S CORRUPT. AND EVIDENCE OF COLLUSION.>>WOULD THE GENTLEMAN YIELD?>>I WILL NOT YIELD.>>YOU ATTACKED ME AND YOUR OPENING STATEMENT.>>I’VE NOT HAD AN OPPORTUNITY TO RESPOND AT ALL. NO ONE OVER HERE THINKS THAT. DAVID: INTEL REPUBLICANS ARE THE ONLY ONES CALLING ON SHIFT TO STEP DOWN PRESIDENT TRUMP TWEETING QUOTE CONGRESSMAN ADAM SCHIFF WHO SPENT TWO YEARS KNOWINGLY AND UNLAWFULLY LYING AND LEAKING SHOULD BE FORCED TO RESIGN FROM CONGRESS. JOINING ME NOW FORMER CHAIRMAN OF THE HOUSE OVERSIGHT COMMITTEE “FOX NEWS” COUNTRY RADER JASON CHAFFETZ. JASON TWO QUESTIONS. SHOULD HE RESIGN AND WHILE HE RESIGN? I SUSPECT ONE IS YES AND ONE IS NO.>>I THINK WHAT HE SHOULD DO IS LOSE HIS SECURITY CLEARANCE. WITHOUT A SECURITY CLEARANCE HE CAN’T SERVE ON THE COMMITTEE. ALBEIT ON THE OTHER SIDE OF THE AISLE I HAVE NEVER SEEN AS BY WHEN I WAS CHAIRMAN I HAVE A LOT OF CONTENTIOUS HEARINGS THAT THERE WAS ALWAYS A RESPECT AND THAT THE QUORUM THAT WENT ON THERE. LOOK AT THE WAY THE COMMITTEE OPERATED BEFORE. WE HAVE NEVER HAD THIS PROBLEM AND LOOK IN THE SENATE. WE DON’T HAVE THESE PROBLEMS EXCEPT WITH ADAM SCHIFF. I DON’T THINK YOU SHOULD BE THE CHAIRMAN AND I DON’T THINK YOU SHOULD HAVE SECURITY CLEARANCE. DAVID: THERE’S AN OLD EXPRESSION IN MIDDLE AMERICA PUT UP OR SHUT UP. HE CLAIMS HE HAS SEEN EVIDENCE THAT FOR ALL THE WORK THE ROBERT MUELLER DID AND FOR ALL THE YEARS THAT HE WAS TRACKING DOWN DOCUMENTS USING FBI AGENTS, HUNDREDS OF SUBPOENAS ETC. MUELLER HAS FOUND NO EVIDENCE. HE SAID HE IS SEEN EVIDENCE OF COLLUSION. PUT UP OR SHUT UP, RIGHT?>>ABSOLUTELY AND IF YOU LISTEN REALLY CLOSELY TO WHAT SCHIFF IS SAYING HE IS SAYING THE RUSSIANS WERE TRYING TO DO THAT BUT JUXTAPOSE THAT AGAINST MUELLER’S REPORT AND WHAT ATTORNEY GENERAL. PAUL: SAID. THEY DID APPROACH THE TRUMP CAMPAIGN AND ON MULTIPLE OCCASIONS THEY HAD THE OPPORTUNITY AND THEY DIDN’T TAKE IT. THEY REBUFFED IT. I’VE GOT TO TELL YOU IS SCHIFF HAS BEEN SINGING THIS SONG FOR TWO YEARS. IT’S FULL OF LIES AND HIS LOST PEOPLES TRUST. IT’S SUPPOSED TO BE THE POLITICAL ARM OF THE DNC. DAVID: I LOVE HIS FALSE OUTRAGE WHERE HE SAYS YOU MIGHT THINK IT’S OKAY FOR THIS TO HAPPEN. I DON’T. YOU MIGHT THINK IT’S OKAY FOR DONALD TRUMP JR. TO MEET WITH THE RUSSIAN WOMAN. NOBODY ASKED HIM DO YOU THINK IT’S OKAY THAT HILLARY CLINTON’S CAMPAIGN. A MILLION DOLLARS FOR RUSSIAN DISINFORMATION? DO YOU THINK IT’S OKAY THAT THE FBI USED AN UNVERIFIED SALACIOUS REPORT PUT TOGETHER BY RUSSIAN INTELLIGENCE TO GET A FISA TO SPY AND A POLITICAL CAMPAIGN DURING THE HEIGHT OF THE PRESIDENTIAL ELECTION? PUT IT RIGHT BACK TO THEM.>>LOOK, ADAM SCHIFF HAS BEEN SPEWING THIS STUFF FOR YEARS AND THERE’S NO BASIS FOR IT BUT FOR HIM TO CONTINUE NOW THAT THE REPORT HAS BEEN SUMMARIZED IN ITS FINALITY AND THERE’S NOTHING THERE AND THERE ARE NO MORE CHARGES. ONE OF THE THINGS I WORRIED ABOUT AND I THINK YOU AND I TALKED ABOUT THIS ONCE BEFORE, THE OPPORTUNITY. THERE ARE A LOT OF THREATS AGAINST THE UNITED STATES OF AMERICA AND HOW MANY TIMES DOES THIS COMMITTEE UNDER ADAM SHIFTS DIRECTION GOING TO IGNORE ALL THE OTHER THINGS THAT WENT ON IN THE WORLD OF INTELLIGENCE TO PICK HIM AS PRESIDENT? DAVID McAFEE SEES THINGS THAT DON’T EXIST IS THAT KIND OF GUY YOU WANT IN CHARGE OF INTEL THESE GUYS THAT ARE MADE FROM CERTAINLY THAT MR. MUELLER DIDN’T SEE. FINALLY I’M WONDERING IF HE MATTERS ANYMORE. IT’S SO CLEAR NOW HE HAS BEEN REVEALED AS A PEDDLER OF LIES. THIS WAS A LIE FROM THE GET-GO. WHOEVER FED CHRISTOPHER STEELE THAT INFORMATION FROM THE RUSSIANS HOWEVER WAS PEDDLED BY THE HILLARY CAMPAIGN TO ALL KINDS OF PEOPLE BOTH ON THE RIGHT AND THE LEFT. THIS WAS A PEDDLING OF LIES AND HE IS THE CHIEF PEDDLER. I’M WONDERING IF HE MATTERS AT ALL ANYMORE.>>I DON’T THINK THE SO-CALLED JOURNALISTS OF MAINSTREAM MEDIA SHOULD BELIEVE HIM. I DON’T THINK ANYBODY ON THE COMMITTEE TRULY DOES BELIEVE HIM. HE LET EVERYBODY DOWN THE PATH THAT NOT AS — IS NOT TRUE AND HERE’S THE PROBLEM. HE’S IN THE GANG OF EIGHT. PCs THE SAME TYPE OF INTELLIGENCE THAT THE PRESIDENT GETS TO SEE AND THAT’S A PROBLEM. THAT’S WHY HE NEEDS TO BE PUSHED OUT OF HIS POSITION. HE SOLD A BUNCH OF LIES TO THE AMERICAN PEOPLE AND HE SHOULD YOU LOSE THAT SECURITY CLEARANCE. DAVID:IT’S LIKE JOHAN OMAR — ILHAN OMAR PASSING SECRET INFORMATION ON THEIR ENEMIES. THERE’S A WHOLE LOT OF IT IS VERY DANGEROUS FOR THE UNITED STATES RIGHT NOW THAT’S GOING ON IN CONGRESS. CONGRESSMAN THANK YOU.>>YOU KNOW I HAVE SEEN NONE OF THAT EVIDENCE OR ALLEGATION BUT I WANT TO BE CAREFUL WITH THAT. THE SAME TIME NANCY PELOSI MADE THE DECISION AND SHE TRUSTED ADAM SCHIFF BUT HE IS SHOWN OVER TWO YEARS HE HAS EARNED IT. DAVID HE HAS EARNED IT. HE NEEDS TO BE OFF OF THAT COMMITTEE LOSES SECURITY SAKE — CLEARANCE. AND DEAL WITH THE INTELLIGENCE

What enforcement is needed for China to keep to a trade deal with US?


U.S.-CHINA TRADE TALKS, PRESIDENT TRUMP MEETING WITH CHINA’S VICE PREMIER AT THE WHITE HOUSE TODAY. THE VICE PREMIER MET WITH STEVEN MNUCHIN AND ROBERT LIGHTHIZER YESTERDAY. PRESIDENT TRUMP IS LIKELY TO ANNOUNCE A SUMMIT BETWEEN CHINESE PRESIDENT XI LATER TODAY, ACCORDING TO THE WALL STREET JOURNAL. JOINING ME RIGHT NOW IS INTERDIGITAL PRESIDENT AND CEO, BILL MERIT. IT’S GOOD TO HAVE YOU ON THE PROGRAM.>>THANKS FOR HAVING ME. MARIA: YOU’RE DOING A LOT OF BUSINESS IN CHINA.>>WE ARE. MARIA: LET’S TALK ABOUT THAT. HOW HAS THAT BEEN FOR YOU? HAS THE TRADE ISSUES GOTTEN IN THE WAY?>>I WOULD SAY THE TRADE ISSUES HAVE BEEN HELP FOLLOW FOR US. THE — HELPFUL FOR US. THE FOCUS OF THE PROTECTION OF INTELLECTUAL TECHNOLOGY, WE’VE BEEN TRYING TO LICENSE IN CHINA FOR YEARS AND WE’VE GIVEN THEM THE FACT, WE HAVE 95% OF THE NON-CHINESE MANUFACTURERS UNDER LICENSE, WE DON’T HAVE A SINGLE CHINESE MANUFACTURER UNDER LICENSE TODAY. THE FOCUS BY THE ADMINISTRATION ON FOCUS ON I.P., TO SHOW THEY’VE BEEN COMPLYING HAS BEEN GOOD FOR US. WE’RE CHEERING THEM ON IN WHAT THEY’RE DOING. MARIA: YOU’VE SEEN FIRSTHAND THE THEFT OF I.P. TELL US ABOUT THAT. I MEAN, HOW SIGNIFICANT IS IT? WHAT KIND OF A COST DO YOU SEE AS IT IMPACTS YOUR COMPANY 1234 AND DO YOU THINK YOU’RE GOING TO BE ABLE TO SEE I.P. THEFT GO AWAY OR IS THAT A CULTURAL THING IN CHINA?>>I DON’T THINK IT’S LONG-TERM CULTURAL. IT HAS BEEN. I THINK IT CAN CHANGE WITH ENFORCEMENT. IN TERMS OF THE IMPACT, IF YOU THINK ABOUT WHAT WE DO AND OTHERS IN OUR INDUSTRY DO, WE HAND OVER THE TECHNOLOGY TO THE INDUSTRY, TO BUILD PHONES. AND THE RETURN IS WE THEN GET LICENSED UNDER THE PATENTS THAT COVER THAT TECHNOLOGY. THE IMPACT HAS BEEN WITH THE CHINESE COMPANIES NOT PAYING ROYALTIES TO US, THEY HAVE EXTRA MONEY NOW TO INVEST IN RESEARCH, THAT WE DON’T HAVE. AND THE IMPACT HAS BEEN IN 5G. THEY HAVE GOT TONS OF MONEY TO INVEST IN 5G WHILE RESEARCH COMPANIES LIKE US DON’T HAVE THAT MONEY. IT’S CREATING IMBALANCE IN THE RESEARCH ENVIRONMENT FOR 5.>>AS YOU LOOK AT A HUAWEI OR ZTE PRODUCT, DO YOU SAY THAT LOOKS LIKE OUR STUFF IN THERE. HOW ARE THEY DOING IT WITHOUT LICENSING?>>SO, IT’S AN OPEN STANDARD IN THE A SENSE. WE CONTRIBUTE OUR TECHNOLOGY TO THE STANDARD MANY ANYBODY CAN GET IT. ANYBODY CAN BUILD A PHONE. ANY PHONE THAT’S BUILT, WE KNOW HAS OUR TECHNOLOGY IN IT. HOW DO THEY GET AWAY WITH NOT PAYING ROYALTIES? THEY SIMPLY JUST REFUSE TO PAY. THEY HOLD OUT. A COMPANY LIKE ZTE, WE’VE BEEN IN LITIGATION WITH ZTE FOR ALMOST –>>SO THEY OWE YOU. MARIA: YOU’RE STILL IN LITIGATION?>>YES.>>WITH HAVE THE I.P. THEFT, THAT’S ONE THING. IN CHINA, THERE’S NO REGULATIONS IN TERMS OF WORKPLACE, LABOR, MINIMUM WAGE. HOW CAN WE LEVEL THIS PLAYING FIELD AT ALL?>>YEAH, I THINK THERE’S A LOT OF ISSUES THAT GO INTO LEVELING THE PLAYING FIELD. SOME ARE WITHIN OUR ABILITY AND OTHERS ARE NOT. THINGS LIKE INTELLECTUAL PROPERTY, CERTAINLY THERE’S WAYS TO LEVEL IT OUT. THERE’S WAYS TO LEVEL ALL THESE THINGS. PRESIDENT TRUMP TWEETED A WHILE BACK ABOUT 60 AND TELLING AMERICANS, YOU HAVE TO COMPETE WITH OTHER PEOPLE. WE’RE NOT GOING TO KEEP PEOPLE OUT OF THE MARKET. WE AGREE WITH THAT. BUT COMPETE ON A LEVEL PLAYING FIELD. I THINK HE’S DOING A FANTASTIC JOB OTT JOB OFT JOB OF CREATING THE LEVEL PLAYING FIELD. MARIA: WHAT TYPE OF ENFORCEMENT ACTION IS POSSIBLE TO GET THE CHINESE TO KEEP THEIR PROMISE THEY WON’T STEAL I.P. WE LOOK AT HUAWEI STEALING TRADE SECRETS, CISCO, MOAT ROW MOTOROL SECRETS, CISCO, MOAT ROW MOTORO, T-MOBILE, ET CETERA, WHAT DO YOU THINK IT WILL TAKE FOR THEM TO KEEP THEIR 3R078 KEEP THEIR PR078 KEEP THEIR PRO78 KEEP THEIR PROMISES THAT THEY WON’T STEAL.>>THERE NEEDS THE BE A FIRM COMMITMENT AND THE BENCHMARKS WOULD BE CONCRETE ACTIVITY, SIGNING A CERTAIN NUMBER OF LICENSE AGREEMENTS, THINGS THAT COULD BE MEASURED. THE THIRD IS SOME LEVEL OF ENFORCEMENT BEYOND THAT, IF THOSE BENCHMARKS ARE NOT MET. I THINK THAT THEY WILL WORK TO CHANGE WHAT HAS BEEN A TYPICAL

China trade tension selloffs a buying opportunity for investors?


OUR TOP STORY THIS HALF HOUR, U.S.-CHINA TRADE DOUBTS, FUTURES POINTING TO A STEEP DECLINE THIS MORNING AS UNCERTAINTY BETWEEN THE U.S. AND CHINA RISES. THE CHINESE YUAN PLUMMETING TO A POINT NOT SEEN IN MORE THAN A DECADE, A MOVE MANY SEE AS A RESPONSE TO PRESIDENT TRUMP’S PLANNED TARIFFS AND A SIGN ANY TRADE AGREEMENT BETWEEN WASHINGTON AND BEIJING IS ON HOLD. JOINING US NOW WEALTH PORTFOLIO MANAGER, MICHAEL LEE. GOOD MORNING, MICHAEL. WHAT DO YOU MAKE OF THIS? IS IT SHORT-LIVED THIS MARKET REACTION OR ARE WE IN STORE FOR A VERY UGLY AUGUST?>>WELL, I CAN TELL YOU THAT EVERY SINGLE SELLOFF FROM A TRADE FEAR OR TRADE SPAT HAS BEEN A GREAT BUYING OPPORTUNITY OVER THE LAST 18 MONTHS OR SO. I SEE THIS AS NO DIFFERENT. THESE TARIFFS THAT WE PUT ON CHINA HAVE HAD LITTLE EFFECT ON THE U.S. ECONOMY. AND THE EFFECT THEY’RE HAVING ON THE OTHER SIDE IS NOT SO MUCH THEIR DAY-TO-DAY ECONOMY, IT’S MOVING THE SUPPLY CHAIN OFFSHORE, IT’S STEMMING THE FLOW OF DIRECT FOREIGN INVESTMENTS INTO THEIR COUNTRY AND CHINA IS IN A REAL STRUCTURAL ISSUE AND DEVALUING THE CURRENCY IS ONLY ADD GAS TO THE FIRE. THEY NEED FOREIGN CURRENCY. THEY ARE 15% OF THE WORLD’S ECONOMY, YET LESS THAN 1% OF INTERNATIONAL SWIFT TRANSACTIONS ARE SETTLED IN THEIR LOCAL CURRENCY. BY DEL VALUING THEIR CURRENCY, THERE WILL BE MORE CAPITAL FLIGHT OUT OF THAT COUNTRY SO IT’S ONLY GOING TO MAKE IT WORSE. WHEN SUPPLY CHAIN AND MANUFACTURING DECISIONS ARE MADE ON INVESTMENTS INTO CHINA, IF YOU DECIDE TO GO TO VIETNAM OR SOUTH AMERICA OR EVEN IN THE U.S., THAT’S A 10 OR 15 YEAR DECISION THAT CAN’T BE EASILY REVERSED. YOU TELL ME NOW IF YOU’RE A FORTUNE 500 COMPANY AND THINKING ABOUT INVESTING IN CHINA TO HAVE A GLOBAL SUPPLY CHAIN OUT OF THERE, ARE YOU GOING TO PICK SOMEWHERE ELSE OR CHINA RIGHT NOW? THAT’S THE REAL POINT OF THE TARIFFS. WE HAVEN’T SEEN ANY IMPACT FROM THESE TARIFFS ON THE CONSUMER IN THE U.S. YOU GUYS WERE TALKING ABOUT THIS EARLIER. CONSUMER SENTIMENT, CONSUMER COMFORT, CONSUMER FEELINGS, ALL YEAR 20 YEARS HIGHS. TOUCHING BACK ON THE TARIFF PART OF IT, WE’VE SEEN SOME SOFTNESS IN MANUFACTURING SURVEY DATA BUT WE ADDED 16,000 NEW MANUFACTURING JOBS LAST MONTH. I SAY THE SELLOFFS AND THE SPATS ARE A GREAT TIME TO BUY STOCKS, PARTICULARLY WITH THE 10 YEAR TREASURY AT 175 AND DIVIDEND YIELD IN THE S&P 500 AT 18 A 5. WE KNOW THE ANSWERS TO THE TESTS. WE’VE SEEN IT BEFORE. IT’S TIME TO GET IN THE MARKETS.>>I FEEL LIKE THIS ONE FEELS A LITTLE BIT DIFFERENT WHEN THE PRESIDENT HAS BEEN THREATENING TARIFFS, IT SEEMED TO BE MORE OF A NEGOTIATING STRATEGY, LIKE GAME OF CHICKEN AND USUALLY WORKED OUT FOR US. THIS FEELS DIFFERENT. THIS FEELS LIKE FAILED CONVERSATIONS, THERE WAS A STANDOFF AND HE’S GONE AGAINST ADVICE AND HE’S DONE IT. THIS FEELS DIFFERENT. YOU DON’T SEE IT THAT WAY?>>NO. EVERY TIME IT HAPPENED WE’RE IN UNSHARE ‘ UNCHARE ‘ UNCHARTE’ UNCHARTERED TERRITORY. NOW, WE HAVE THE WIND AT OUR SAILS. THE U.S. CONSUMER IS 70% OF THE GDP. THE DATA IS THE GREAT OFT AND STRONGEST SINCE Y2K, ESSENTIALLY, I THINK WE CAN KEEP GOING AND WE CAN KEEP STEPPING PRESSURE UP AND CHINA DEVALUING THEIR CURRENCY, IT MAY BE A TEMPORARY FIX TO TRY TO GET A BETTER NEGOTIATING TACTIC. IF THEY DO THIS, THIS WILL MAKE IT WORSE FOR THEM. DAGEN: LET ME PUSH BACK ON THAT TO LEE’S POINT. LET’S TALK ABOUT BUSINESS INVESTMENT. BUSINESS INVESTMENT FELL A SEASONALLY ADJUSTED 8/10 OF 1% IN THE SECOND QUARTER. JOB GROWTH HAS BEEN SOFTENING. FACTORY ACTIVITY HAS FALLEN. THE FACTORY SECTOR SLOWED FOR FOUR STRAIGHT MONTHS ENDING WITH JULY. AGAIN, THAT UNCERTAINTY IS HARD TO QUANTIFY BUT I’VE BEEN TALKING ABOUT IT LITERALLY SINCE THE TRADE WAR STARTED AND IF IT IMPACTS JOB GROWTH, IF IT IMPACTS INVESTMENT IN THE UNITED STATES, THAT IS GOING TO BE UGLY.>>I’M GOING TO PILE ONTO THAT. THE REASON WHY THE FED LOWERED RATES WAS TO NOT STIMULATE THE ECONOMY TO JACK’S POINT THROUGH THE CONSUMER, IT’S REALLY THROUGH BUSINESS. RIGHT. SO IF BUSINESS INVESTMENT IS OFF, WHAT CAUSED THE SELLOFF WAS THE FED’S ACTION ON WEDNESDAY, NOT NECESSARILY TRUMP’S TWEET ABOUT TARIFFS. SO THE THING THAT CONCERNS ME, I’M WITH DAGEN, IS BUSINESS INVESTMENT JUST SEEMS LIKE IT’S WANING. THIS DOESN’T HELP.>>THE CON ARGUMENT WAS BUSINESS INVESTMENT WAS SO MUCH SUBSTANTIALLY HIGHER IN 2017 AND 2018 THAT MAYBE WE’RE DUE FOR A SLIGHT PULLBACK. AND AGAIN, MAYBE JOB GROWTH HAS SLOWED A LITTLE BIT BUT WAGE GROWTH, YEAR OVER YEAR I THINK WE’RE UP 3.2%. DAGEN: WHICH IS LOWER THAN IT WAS IN FEBRUARY.>>IN FEBRUARY. BUT PRIOR TO THE 12 MONTHS PRIOR, FROM 2017 TO 2018, WE’RE UP 2.8%. DAGEN: THE FASTEST RATE IN A DECADE, ROUGHLY.>>WE’RE IN REALLY, REALLY GOOD SHAPE. THE CONSUMER, THAT FUELS OUR ECONOMY, THE SAVINGS RATE IS UP CLOSE TO 8%. WE’RE HAVING ALL THIS SPENDING, HAVE ALL THIS CONFIDENCE, A ROBUST LABOR MARKET AND THE SAVINGS RATE IS DOUBLE WHAT IT WAS GOING INTO THE CRISIS.>>THE STRONG CONSUMER, THE MANUFACTURING IS NOT SO HOT, THERE’S NOT A LOT OF EARNINGS GROWTH. YOU SAY THIS IS A BUYING OPPORTUNITY FOR STOCKS. I DON’T KNOW THAT YOU’RE WRONG. WITH STOCKS LOOKING PRETTY FULLY PRICED HERE, WHERE DOES THAT NEXT LEG UP FROM THE MARKET COME? DOES IT COME BECAUSE BOND YIELDS ARE SO LOW THAT WE’LL PUSH IT UP TO 18 TIMES EARNINGS OR WILL WE HAVE A RESUMPTION OF EARNINGS GROWTH IN A FUTURE QUARTER.>>COUPLE GOOD POINTS THERE. EARNINGS NOT LOOKING SO GOOD THIS YEAR. LOOKING BETTER NEXT YEAR. WE’LL SEE HOW IT PLAYS OUT. I WOULD SAY EARNINGS ARE SECONDARY TO MACRO SENTIMENT AND WITH THE CONSUMER BOOMING AND INTEREST RATE AS ULTRA LOWS, WE’VE SEEN THIS BEFORE. WE’VE HAD PERIODS WITH LOW RATES WHERE EARNINGS HAVEN’T LOOKED THAT GREAT AND STOCKS HAVE DONE WELL BECAUSE THERE’S NOWHERE ELSE TO GO. YOU HAVE THE REST OF THE WORLD GOING TO NEGATIVE INTEREST RATES. I THINK THIS STORY HAS BEEN PLAYED OUT ON MULTIPLE FRONTS. YOU HAVE A CLEAR PATHWAY IN FRONT OF YOU AS TO WHAT’S GOING TO HAPPEN NEXT. DAGEN: IT’S ANOTHER BIG WEEK FOR EARNINGS. DISNEY, CVS, UBER AND LYFT AMONG THOSE ON TAP TO REPORT. WHAT ARE YOU WATCHING FOR THIS WEEK? WHAT IS GOING TO BE THE BIG TELL, JUST TO YOUR POINT, S&P 500 EARNINGS ARE STILL EXPECTED TO SLIP 6/10 OF 1%. 77% OF COMPANIES IN THE S&P REPORTED AND EARNINGS ARE UP 2.7% — I MEAN 77%, YEAH, HAVE REPORTED, 74 HAVE BEATEN EPS.>>WITH THE COMPANIES YOU MENTIONED, DISNEY, EVERYONE IS WAITING FOR NOVEMBER WHEN THEY LAUNCH THE STREAMING SERVICE. CVS, EVERYBODY IS WAITING TO SEE IF THERE’S EXPANSION OF THE MEDICAL SERVICES. TYSON, IT’S NOT ON THE TOP OF EVERYONE’S MIND, THAT’S QUARTER TO QUARTER WITH EARNINGS. I’M WAITING TO SEE IF THEY MAKE A MOVE INTO MEATLESS BURGERS, LIKE BEYOND BURGER.>>BEYOND CHICKEN.>>WHATEVER IT IS. TYSON TALKED ABOUT GETTING INTO THAT BUSINESS. I’M WAITING TO SEE IF THEY TALK THAT UP IN THEIR EARNINGS CALL. I’M LOOKING FOR MATERIAL MISSES TO THE DOWNSIDE, SOMETHING A THAT WOULD CHANGE THE OVERALL THESIS THAT THE ECONOMY IS DOING GOOD. IF WE’RE ROUGHLY IN LINE, YOU HAVE ULTRA LOW EXPECTATIONS AND WALL STREET IS LITERALLY PERFECT AT SETTING EXPECTATIONS REALLY, REALLY LOW AND JUST BEATING THEM AND SAYING LOOK HOW GOOD I AM, SO I THINK WE’RE GOING TO GET MORE OF THAT THIS QUARTER AND THEN SOME ACCELERATION IN THE END OF THIS YEAR AND INTO NEXT YEAR. DAGEN: TO DEAN JOHNSON ON TWITTER WHO IS WATCHING THE PROGRAM WHO CALLED ME A DOOM SAYER, NO, I’M NOT A DOOM SAYER. THE MARKET LAST WEEK, WORST WEEK FOR THE BROAD MARKET THIS YEAR. FUTURES THIS MORNING, DOWN, BAD. THAT’S NOT DOOM SAYER. THAT’S FACT. THANK YOU SO MUCH, DEAN. [ LAUGHTER ] DAGEN: I JUST WANTED TO SAY THAT. AGAIN, CONSUMER IS AWESOME. BUSINESS INVESTMENT –>>70% OF THE ECONOMY. 70% OF THE ECONOMY. DAGEN: A LITTLE SHAKY.

Trish Regan: Rep. Omar’s far-left views are disgusting


TRISH: WE –>>WITH WE ARE SENDING AID IN THE GUISE OF LITERALLY INVADING THE COUNTRY.>>WE AREN’T SUPPORTING THE AS BEING THE PRESIDENT.>>HUMANITARIAN AID IS SOMEHOW AN INVASION? I HAVE TO TELL YOU CONGRESSWOMAN, ACTUALLY SO THE AID PACKAGES MYSELF. THERE IS RICE AND BEANS, TOILET PAPER. I MEAN — BECAUSE YOU KNOW WHAT? THESE ARE THINGS PEOPLE DON’T HAVE RIGHT NOW. WHO IS THIS WOMAN? ILHAN OMAR. WHO IS SHE? WHO IS BACKING HER? BECAUSE I WILL TELL YOU ONE THING SHE IS CLEARLY NO FRIEND TO THE UNITED STATES. CLEARLY NO FRIEND TO AMERICAN VALUES. DO YOU KNOW WHAT? WE STAND FOR SOMETHING THIS COUNTRY. WE STAND FOR FREEDOM! THERE ARE THOSE IN THE WORLD THAT YOU KNOW, WOULD PREFER TO SEE MILLIONS OF PEOPLE STARVE. LIVE UNDER DICTATORSHIP.YOU KNOW WHAT? WE AMERICANS HAVE A PROBLEM WITH THAT. I FIND IT DISGUSTING THAT I EVEN NEED TO ADDRESS THIS WOMAN’S POINT OF VIEW. BUT FOR ANY SMALL MINDED PERSON THAT MIGHT ACTUALLY AGREE WITH HER, I AM SETTING THE RECORD STRAIGHT FOR YOU TONIGHT. AMERICA STANDS FOR FREEDOM. WE ARE NOT OKAY WITH A REGIME MANIPULATING AN ELECTION. BUYING VOTES WITH FOOD. WE ARE NOT OKAY WITH A REGIME THAT STARVES ITS PEOPLE.WE ARE NOT OKAY WITH A REGIME INTIMIDATING TERRIFYING AND MURDERING ITS OPPOSITION. AND WE ARE NOT OKAY WITH THE LIKES OF RUSSIA, IRAN OR HEZBOLLAH TAKING OVER A COUNTRY JUST THREE HOURS FROM OUR SHORES. SHE OUGHT TO LEARN WHAT SHE’S TALKING ABOUT BEFORE SHE GOES

GOP congressman introduces new health care bill


CONDITIONS IS OVER. MELISSA: ACTING WHITE HOUSE CHIEF OF STAFF MICK MULVANEY SAY INSISTING THE DEBATE OVER PREEXISTING CONDITIONS IS OVER, YOU HEARD THAT BUT THE DEBATE OVER HEALTH CARE REFORM IS FAR FROM OVER. WE’RE JOINED BY ARKANSAS REPUBLICAN CONGRESSMAN BRUCE WESTERMAN. HE RECENTLY INTRODUCED A PIECE OF LEGISLATION CALLED THE FAIR CARE ACT. GAINING A LOT OF TRACTION IN LIGHT OF PRESIDENT’S RECENT COMMENTS. IT DOESN’T DO AWAY ENTIRELY WITH OBAMACARE.>>GOOD TO BE WITH YOU, HE WILL IN LISSA. YOU’RE EXACTLY RIGHT, WE’RE LOOKING AT SOLUTIONS TO HEALTH CARE PROBLEMS FACING OUR COUNTRY. WE DIDN’T NECESSARILY LOOK AT REPUBLICAN IDEA OR DEMOCRATIC IDEA BUT WHAT IS A GOOD IDEA. IT HAD TO COVER PREEXISTING CONDITIONS. IT HAD TO LOWER COSTS AND IT HAD TO GIVE CONSUMERS MORE CHOICES AND OPTIONS. I THINK WE HAVE THAT IN THE FAIR CARE ACT. MELISSA: HOW DID YOU DO THAT? HOW DO YOU ACHIEVE THAT?>>WE LOOKED AT INDIVIDUAL COMPONENTS. WE’VE BEEN WORKING ON THIS FOR OVER A YEAR-AND-A-HALF, WE WORKED WITH CBO ON INDIVIDUAL IDEAS, TO SEE IF WOULD COVER MORE OR LESS OR COST MORE OR LESS. I THINK WE HAVE A REALLY GOOD PLAN. IF YOU LOOK WHAT HAPPENED IN THE HEALTH CARE THE PAST 10 YEARS, THE COST OF MEDICAID HAS GONE UP 75%. THE COST OF PRESCRIPTION DRUGS HAS GONE UP 42%. CONSUMERS ARE PAYING A LOT MORE. MELISSA: HOW DO YOU DO THAT? DO YOU CONTROL WHAT IT IS THE GOVERNMENT IS GOING TO PAY FOR MEDICARE OR PAY FOR DRUGS FOR PEOPLE WHO ARE ON MEDICARE?>>NO. YOU INTRODUCE MORE GENERICS INTO THE MIX. YOU MAKE IT EASIER FOR GENERICS DRUG TO GET IN. WE USED A BILL SENATOR LEAHY HAD. WE IMPROVED ON THAT. THAT IS BIPARTISAN ISSUE FOR DRUG COSTS. WE LOOKED AT BILLS PASSED IN THE HOUSE PASSED WITH BIGBY PARTISAN SUPPORT. THE AFFORDABLE CARE ACT ALLOWED HOSPITALS TO CREATE MONOPOLIES. WE PUT THOSE ANTITRUST LAWS BACK IN PLACE. WE’VE GOT THAT. HEALTH CARE PLANS — MELISSA: BIG HURDLE IN TERMS OF COST YOU WILL LOWER PRICE FOR PEOPLE. DO YOU SEND MORE CONTROL BACK TO THE STATES? DID YOU FOCUS FEDERAL MONEY ON THE RISK POOLS, PEOPLE WITH HIGH COSTS AND PREEXISTING CONDITIONS? HOW DID YOU MOVE THE MONEY AROUND IN ORDER TO PAY FOR THIS WITHOUT COSTS GOING THROUGH THE ROOF FOR CONSUMERS?>>YEAH. ONE OF THE BIG THINGS THAT THE AFFORDABLE CARE ACT DID THAT INCREASED COSTS WAS THE WAY WE DEALT WITH MAKING SURE EVERYBODY COULD HAVE ACCESS TO INSURANCE. WITH THE HIGH-RISK POOLS, WE ALLOW INSURANCE COMPANIES TO CAPTURE THE 10% OF THEIR POPULATION, PUT THEM IN THE RISK POOL. THE CONSUMER KNOWS NO DIFFERENCE. THEY GO BUY THE INSURANCE. THEY’RE NOT DISCRIMINATED AGAINST BASED ON PREEXISTING CONDITIONS BUT 10% OR SO OF THE INSURED POPULATION ACCOUNTS FOR ABOUT 80 DO 90% OF THE COSTS. SO WE CAPTURE THOSE COSTS. CAPTURE THE RISK AND IT ALLOWS OTHERS TO BUY MUCH LOWER COST INSURANCE POLICIES. SO THIS IS GOOD IDEA THAT WAS THERE BEFORE THE AFFORDABLE CARE ACT CAME ALONG. MELISSA: HOW MUCH SUPPORT DOES IT HAVE AND HAS THE CBO LOOKED AT THE MATH TO SEE IF IT WORKS OR ANYONE?>>IT HASN’T BEEN SCORED YET. LIKE I SAID, WE WORKED WITH CBO ON INDIVIDUAL COMPONENTS. AND I THINK IT CAN GAIN WIDESPREAD SUPPORT. EVERYONE I TALKED TO ABOUT IT SO FAR, SEEMS TO THINK IT IS GOOD IDEA, WANTS TO LOOK AT IT MORE. WE PUT THIS OUT BEFORE THE PRESIDENT CAME OUT WITH THE LATEST IDEAS ON WHAT IS GOING TO HAPPEN IN HEALTH CARE. SO I’M GLAD WE HAD IT OUT THERE. MELISSA: DID HE RESPOND TO THIS? I’M SORRY DON’T MEAN TO RUSH YOU. WE’RE RUNNING OUT OF TIME. I’M VERY INTERESTED IN WHAT YOU HAVE. HAVE YOU SHOWN THIS TO THE PRESIDENT?>>I TALKED TO PEOPLE ON HIS STAFF. I HOPE TO SIT DOWN WITH THE PRESIDENT TO GO OVER IT. BUT AGAIN, IT’S A LOT OF GOOD IDEAS.