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Foundation Ties; ISIS Hits Squad Warning; Trump vs Clinton On Economy;
Trump Holds Campaign Rally - Part 2>
Miller, Liz Claman>
Hahn, Michael Block, BGC Partners Senior Strategist, Steve Cortes >
Election; Republican Party; Democratic Party; Economy; Refugees; ISIS;
Europe; Media; Polls; Terrorism; Immigration; Policies; Safety; Clinton
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REGAN: But they're already there.
MILLER: ... screening is very, very difficult and it's too little too late, right.
REGAN: Yeah, little too late. Morgan, what should we as Americans be taking away from the European crisis? What can we learn?
ORTAGUS: Well, the biggest difference between what the Germans have done and what the United States has done is that Germany had an open border process when letting these refugees in. And so the vetting isn't nearly as extensive as what we do in the U.S.
But there is no system that is perfect. It's always going to be flawed. But I think we have to continue this to work with FBI and DHS to strengthen this system.
REGAN: Yeah.
ORTAGUS: One quick point about Lebanon and Jordan, they have taken in a ton of Syrian refugees, but these are not oil rich nations and Jordan is tinkering on the edge. They've taken in Iraqi refugees, Palestinian refugees. It's the oil rich nations in the Middle East that need to be taking a bigger step forward.
REGAN: Yeah, for sure. And I would just say, its scary to think of bringing all of these people here, given that we really -- I don't think we can possibly ever vet them and members Barack Obama's own administration have said that. And, you know, we saw what happened in San Bernardino. They've clearly didn't vet that woman.
Morgan, Judy, thank you so much.
MILLER: Thank you, Trish.
REGAN: Donald Trump on the campaign trail saying his campaign is having some troubles, and he may not win in November. It's quite a change of tone for the Donald. But will his pivot to the economy, which I will tell you is his sweet spot, and I think most people would agree, will his bold economic plan help him turn things around? We're going to debate it next.
(COMMERCIAL BREAK)
REGAN: All right, despite the enthusiasm in Pennsylvania, Donald Trump has been sounding a bit of a different tune lately. Here he is right now, there in Erie, talking to supporters there. Let's listen in for a minute.
(BEGIN VIDEO CLIP)
TRUMP: ... manufacturing way down, jobs way down. You go to other countries, they're taking our companies. They're taking our jobs. People are right now working harder than they've ever worked. 18 years ago, they made more money in real wages. 18 years, think of it. 18 years ago, many of the people in this incredibly big room and thank you for being here, you know, its 93 degrees out there.
And they are still have a lot of people trying to get in. I don't know if they can get them in. Should we let them in? Just let them in.
But, 18 years ago people were making more money in real wages than they make today and today they are working two jobs, some people are working three jobs. So they're older and they're working harder and they're making less money, all right?
A friend of mine, I've been telling this story over the last month because it's better than going to Wharton or better than going to Harvard and asking them to do a study because you learned it in three minutes. But let me just tell you, right now Mexico and other countries are building facilities, plants the likes of which you've never seen.
Male: Build the wall.
TRUMP: We're going to build a wall. Don't worry we're going to build a wall. We're going to build the wall. We're going to built the wall.
But a friend of mine and actually a supporter, a big supporter, a great guy, he built plant, that's what he does. He builds plants. He doesn't want to build apartments. He doesn't want to build office buildings. He wants to build plants. And he's just about the biggest there is.
And I said, "How are things going?" He said, "Very well." "How are you doing in U.S.?" "Not good". "How are you doing in Mexico?" So Donald you want to see, it's the eighth wonder of the world. They are building plants the likes of which I've never seen.
He's building some of the greatest plants, big, you look at Ford moving vast operations in Mexico, the plants. You look at -- take a look. By the way, millions of jobs, thousands of companies over the years, they've left us and we have a few things. We have unemployment. We have empty plants.
I saw that in New York State. I saw them in Pennsylvania, you are great to me. You voted a big victory for Donald Trump. Thank you. That was a big victory. I mean, I assume I was getting it, I don't want Pennsylvania.
And by the way, I was talking to our great congressmen and where is he? He's here at some place. Where is he? He loves the people and I have to say of all of Pennsylvania. He wants to see the state do well. Thank you.
(END VIDEO CLIP)
REGAN: All right, you've been listening to Donald Trump there talking quite a bit on message about the economy, about the need for jobs. Pennsylvania being one of those states that's really hurting economically and so he's stressing how he and his policies will help get those Pennsylvanians back to work.
Is it a message that's going to resonate? That's the big question of course.
You know, nonetheless, it's been challenging for him as of late because he has been suggesting at times that he might not actually win this thing. Watch.
(BEGIN VIDEO CLIP)
TRUMP: I have a tremendous problem in Utah. Utah is a different place and I don't know if any -- is anybody here from Utah? I mean, it's -- I didn't think so. We're having a problem, I mean because, you know, look, it could cost us the Supreme Court.
(END VIDEO CLIP)
REGAN: You know, the blant billionaire, he is blunt, right? He went on to admit his lack of political correctness and said, you know, this might in fact be what cost him the election.
Let's continue to watch him there, live right now coming in to us from Erie, Pennsylvania and we will monitor this to see if he talks about this at all for you.
Again, you know, you think about how non-P.C. he is and there is obviously a backlash in this country going on right now to all things he see. And I got to tell you, this is what people like about him. This isn't hard why he has motivated all of the thousands of people to come out at rally like you're looking at there in Erie, Pennsylvania.
So, how does Donald Trump the candidate gel with Donald Trump the sort of everyday man and how does that everyday man get himself to the oval office if people keep taking issue with everything he says?
Joining me right now, Washington Examiner Columnist, Kristen Soltis Anderson, and also a Progressive Radio Host Show, Chris Hahn. Good to see both of you guys.
You know, Kristen, people kept saying he was going to come more in the middle, he's going to come more in the middle. He had done that at times and I'm going to talk a little bit later about his economic policies. In policies which I think are very much inline with conservative tax policies and would probably do a lot to get this economy going again.
Yet, there are many in America on both sides still that cannot separate the policies from some of the other rhetoric he puts forward. Is that going to cost him?
KRISTEN SOLTIS ANDERSON, WASHINGTON EXAMINER COLUMNIST: I think at this moment, the biggest things standing in Donald Trump's way are reservations that voters have about his temperament. If you look at the polls and you say, who do you trust more to handle the economy. That's the question where Donald Trump does the best against Hillary Clinton. They're either even or he trails very slightly.
But think about it, he has built up a brand to someone from the business world. He cuts good deal. He's good at negotiating. I mean, that's the brand that he's built up in the minds of Americans over the course of decades and that's something that's very hard to change. That's pretty based in.
On the other hand, I think sometimes when he gets off of that message and into some of the stuff that has raised questions about his temperament, where he's on grounds that's less good and that's why you've seen that gap widened in the polls in the last couple of weeks.
REGAN: Look, I mean, he has proven over and over again, Chris Hahn, that he is not a politician, but that maybe in fact what could whine up costing him in the end. I mean, look, I still keep saying it's early and anything can happen. The caucus was way ahead.
CHRIS HAHN, PROGRESSIVE RADIO HOST: Right.
REGAN: ... back in 1988. So, it's still a long ways to go until November.
But nonetheless, do you come away from some of this saying, you know, he needs to soften up some of those edges? Does he need to walk a more narrow line?
HAHN: He needs to be on message, on teleprompter all the time.
REGAN: Oh come on.
HAHN: To say he's not a politician after he won 36 primaries, is just not correct. He's just not a good politician. He is punching down. He's picking fights to people who he should be taking advice with.
REGAN: Right. Yeah.
HAHN: He kept saying things that he shouldn't be saying.
REGAN: OK.
HAHN: It's beyond not being politically correct. People could deal with a little nonpolitical correctness, but it is just the way the anger and the temperament that shows. And I think Kristen is exactly right, until he straighten that out, it's not going to change it.
Quite frankly, I think the die has been cast for him. I think the American people know who he is. He's not going to win. It's time for the Republican Party to start thinking about down, take a risk races.
REGAN: Well, and clearly they're already starting to think about that. That was the letter that was sent to Reince Priebus today from members of the GOP. But in a way, they just keep shooting themselves in the foot because the more they are out there complaining about him alongside Hillary Clinton, you know, the more combined trouble you have.
Anyway, guys, stay with me. We're going to continue to follow this. Donald Trump speaking in Erie, Pennsylvania. We're back with all of it, next.
(COMMERICAL BREAK)
REGAN: All right, let's check out these markets everyone.
We got stocks lower right now. Actually, just off the lows of the session, however. Well, what do you get? Disappointing data showing retail sales were flat in July and that's having an effect on things.
But Apple is trading higher though after reports that iPhone 7 -- get ready, it's making its debut on September 7th. The tech giant is also especially to unveil a slimmer MacBook Pro.
And U.S. producer crisis unexpectedly fell in July. We're having inflation. We have no inflation. How could that be? Given what the fed has done.
The 0.4 percent drop is a sign that inflation is likely to stay muted. I'm wondering when deflation is going to hit.
We're going to be right back with more from Donald Trump in Pennsylvania. See you here.
(COMMERCIAL BREAK)
REGAN: OK. We're watching Donald Trump there as he speaks in Erie, Pennsylvania. It is certainly a battleground state.
He's talking to all. He's talking in the economy. He's about the bold tax plan that he said will make America grow again. There he is right now who (ph) maybe talking about Hillary.
TRUMP: You can't do that Hillary. She -- OK, I won't do that.
REGAN: All right, still with me, Washington Examiner Columnist, Kristen Soltis Anderson and Progressive Radio Host, Chris Hahn, all right.
So he's talking about the economy, now he's talking about Hillary. He's going after her. Is he back on message, Kristen?
ANDERSON: I mean, it sounds as though for the moment, he's staying on message and part of that is because one of the strongest messages I think he has is that nowadays if you work hard and play by the rules, you can't really get ahead. And that, you know, Hillary Clinton is somebody who makes it easy for people who are rich and already have access to continue to succeed.
And so, when he stays on that message, there have been a few times in this campaign where he's had that speech. It's been loaded up in the prompter and he's given it. That's the best possible opportunity I think he has. But of course, you know, this rally is not over there. Lots of ways this could go.
HAHN: Yeah.
ANDERSON: I do want to go to one point that you brought up earlier about, well, how Republican leaders were going to juggle all of this, which is, you know, there has been a bunch of swing state polls that has come out in the last couple of days showing Trump kind of struggling even in places like North Carolina. And I think the real challenge that these Republican leaders have who've kind of been distancing themselves from Trump is that they sort of let him go ...
REGAN: OK. Yeah.
ANDERSON: ... and he windup losing by huge amounts. Can you save these senators down the ballot?
REGAN: You know, that's a big concern of course of the overall party. But, you know, I got to say, the Republicans, they kind of deserve it. I mean, they have block this on themselves.
HAHN: You're right.
REGAN: They had have failed policies along with Barrack Obama for so long that our economy is now in the spot where something desperately needs to someone need to desperately change it.
So, you know, Chris, as much as they're blaming Trump for their challenges and down ballot races, I think some of the blame goes directly to them. What's for you?
HAHN: I agree a 100 percent the blame goes to them. They created the environment that led to their primary voters selecting Donald Trump by blocking everything President Obama did, by playing footsie with conspiracy theories, by fostering an antiestablishment thing that they were part of the establishment. But they felt that, Obama was the establishment. They created Donald Trump and they got exactly what they deserved.
REGAN: Here we go.
HAHN: Now, they've got to figure out how to put the genie back in the bottle and I don't think they can.
REGAN: I don't think they can either. The one good thing is that Trump has really appealed to that middle-class American. Kristen, Chris, we're going to be right back.
(COMMERICAL BREAK)
REGAN: All right. We got the market right now trading a little bit lower here on the hill. Yesterday's record-setting close, we saw the Dow, the NASDAQ and the S&P, all at life time highs, in tandem, for the first time since 1999, OK.
They've taking money off the table a little bit as we head into this Friday.
You know, here's the question. You get an economy that's clearly struggling. I mean, did you see that producer price index read today is suggesting that, you know, really we don't have any inflation in this economy at all? To get an economy that's just lousy and a market that just keeps powering higher. Why are these two things so divorced from each other?
Joining me right now, Rhino Trading Partners Chief Strategist, Michael Block, along with BGC Partners Senior Strategist, Steve Cortes.
Steve, to you first, I mean, it used to be not too long ago that effectively is the stock market was anticipating with the economy reduce six to nine months out. So it was a very good barometer for the overall U.S. economy.
STEVE CORTES, BGC PARTNERS SENIOR STRATEGIST: Right.
REGAN: Where are those days?
CORTES: Right, Trish. Well, I wish we could have those days back. Unfortunately, we're in an era of central planning and a quantitative easing by central banks globally. And so we're in this bizarre world where bad news can actually fuel the stock market higher and I think that's what we've seen lately.
Most of the economic data, not all, but most has been pretty poor lately. Terrible GDP report, you mention a bad PPI report today, July auto sales were miserable, retail sales disappoints, and yet the market keeps going off on highs.
I have to say, though, I do think we're nearing the end of this game where cheap money keeps forcing capital into U.S. stocks. I think that's part of the two by the ways for the rest of the world.
REGAN: I know, but, you know, it was in favor for a while. I'm sorry, Steve. I've been saying that too. I mean, you just say to yourself, how long can this really and truly go on? And I'll tell you, what was the quote from the city, head of city, who said that, you know, while the music is still playing, you know ...
CORTES: Yeah, you have to keep dancing.
REGAN: ... you got to keep dancing and that was what was going on.
CORTES: Chuck Prince.
REGAN: Thank you, Chuck Prince. That was what was going back in '08. And, you know, we're not -- I don't think looking at a crash at anytime soon in the horizon. In fact, they'd argued that the music is going to play a little while longer here. What do you think?
MICHAEL BLOCK, RHINO TRADING PARTNERS CHIEF STRATEGIST: Yeah, a lot was said. You know, we're in this dance and it's like the end of like a punk rock concert where, you know, you're attending like the Ramones concert and you're exhausted. Everyone is so quailing around the mash, but -- and everyone is going on. Nothing is happening here. The VIX is below, you know, at 12 or below 12.
REGAN: That's, by the way, the measurement of volatility in the overall market, people look at the VIX ... BLOCK: Yup.
REGAN: ... to see whether or not things are good dicey.
BLOCK: There's not a lot happening and there's not a lot of volume. So at the end of the night and everyone sorts of struggling around here, what do we do with this? And Mr. Trump was just.
REGAN: We just keep moving higher.
BLOCK: Yeah. Mr. Trump was just speaking now and he talked about a very important problem that could be the beginning of the end. He talked about how wages haven't moved in 18 years.
REGAN: Yeah.
BLOCK: We got at non-prompt (ph) productivity number earlier this week, down 0.5 percent. Three quarters in a row down. That kind of things happened.
REGAN: OK, but the productivity is declining.
BLOCK: Yeah.
REGAN: Wages haven't budged. GDP is basically nowhere. So what's the future?
BLOCK: Which everyone says, well the fed is never going to raise rates again. But look, you know, the job today is better than markets are rallying. They can't say there is global turmoil anymore in the market sense. Markets keep rallying.
Now, next week we're going to get these fed minutes on Wednesday.
REGAN: Yeah.
BLOCK: On August 26th, Janet Yellen ...
REGAN: OK.
BLOCK: ... is making a very important speech at a conference in Jackson Hall.
REGAN: I apologize. We're going to be watching for that. I am out of time coming up on a hard break. Steve, we're going to talk to you some more, hopefully, very soon because this is very interesting. We're back with more Intel after this.
(COMMERCIAL BREAK)
REGAN: I hope I see you tonight at 9:00 p.m. Eastern on Fox News. I'm going to be guest hosting the Kelly File in for Megyn tonight there at 9:00 p.m. Eastern. So I really hope you join me. It will be a terrific show. Liz Claman, over to you.
END
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