and welcome everybody I'm David Asman in for Neil Cavuto today a lot to get to
this morning but first president Donald Trump gearing up for another campaign
rally tonight ahead of a key test Tuesday night in Ohio so why is this one
so important to fox's Rick Leventhal who's following the president from New
Jersey hi Rick and David one of the things the president has proven is that
he's unpredictable and likely to go off prompter we expect we might see that
tonight his vacation began officially yesterday at the trump National Golf
Club in nearby Bedminster but it's a working vacation and that's one of the
reasons he's headed off to a rally near Columbus Ohio
it is a get-out-the-vote endorsement event for Republican Troy Ball derson
vice president Mike Pence was in Ohio earlier this week to campaign for
Boulder's and he's a state senator running for Ohio's 12th congressional
district it's a district that's been an easy win for Republicans in the past
with Troy Alderson you're gonna have less taxes more military funding more
border security and more jobs for the people of Ohio that's the choice that
you face
it couldn't be more clear recent polls show this race is tight it might be a
toss-up so this morning the president tweeted will be going to Ohio tonight to
campaign for Troy Ball derson for the big congressional special election on
Tuesday early voting is on troy is strong on crime the border and loves our
military vets and second amendment his opponent is a puppet of nancy pelosi
high taxes if you were watching that rallying on thursday you know the
president went off in wilkes-barre pennsylvania on a number of topics
including leaders of the Democratic Party and its possible opponents in 2020
let's say I'm running against Pocahontas or crazy Bernie I tell you I gotta hand
it to Bernie I saw him up there the other day that hair is getting whiter
and whiter and he's getting crazier and crazy
so David would like to tell you what's going to happen tonight but pretty much
anything the rallies at 6:30 in central Iowa we'll have it live at or people
love to watch him you never know what's gonna happen rick Leventhal good to see
you my friend thank you very much well president Trump is expected to tout the
economy during that Ohio rally tonight Fox Business is Susan Lee has the very
latest Susan there's a lot to tell the jobs number didn't come quite to what it
was expected to do yeah well guess what David you know the US economy is doing
really well growing at its fastest pace in four years and you're right the jobs
number in July may have been a little bit less than what economists have
forecast for the month but still 157,000 adds not bad in the US averaging over
215,000 jobs in the first seven months of this year the jobless rate also
ticking lower as well down to three point nine percent still hovering close
to the lowest that we've seen in close to 50 years now where are these jobs
being created Manufacturing a big addition in the month over 39,000 in
July and the manufacturing sector is adding jobs at double the pace of last
year in fact American factories are hiring now at the strongest pace in
twenty years that's two decades the leisure and hospitality sector also
seen some big additions in fact the biggest in the month of July which kind
of makes sense is since it is the summer and that's when vacation travel usually
takes place wages are also picking up not dramatically in the month of back
for the year but the average hourly wage of the private sector went up seven
cents in July so you're making over $27 an hour a trump administration is
forecasting the best full year of economic growth since 2005 they're
expecting three percent or better however economists still remains
skeptical on whether this rate is actually sustainable because they have
concerns over tariffs and then the housing market continues to cool but
Treasury secretary Steve minuchin II just told Fox last month that 3 percent
growth could actually be sustainable for the next four to five years and the
Atlanta division of the Federal Reserve the central bank just predicted five
percent growth for the july-to-september period and that David would be the
strongest since 2014 and jobs I mean the idea that you have more jobs than you
have people applying for the right that never happened in my lifetime it is a
record right it's pretty strong out there right so six million jobs
available six million unemployed it's just matching I guess a skill set
to the jobs extraordinary time in our country thank you Susan good to see is a
strong economy enough to stop a blue wave in November two Democratic
strategists Rochelle Richey America rising executive director Alex
Smith and Trump for president a visor e board member and a guy who was actually
once for for Bernie I don't know good to see you all thanks for coming Alex 4%
growth extraordinary in the last quarter there's a good strong potential 3%
growth which we haven't seen in eight eight or nine years rising wages
investments more jobs than we've ever seen it's it's hard to beat this on the
campaign trail yeah and I'll note that Republicans in
2016 are various Republic Republican candidates that we're running talked
about 4% growth as a reality for for the United States while Democrats like
Hillary Clinton sort of scoffed at that notion so
that we're seeing it play out into reality I think it's gonna put the
squeeze on Democrats this upcoming election because once the economy is
doing well people feel like they are they have jobs they journey retention to
other issues and a big issue that's coming up and a big issue that motivates
people to go to the polls is the Supreme Court and we have of course judge
Cavanaugh who's up for confirmation and we have ten Democratic senators running
in States at the president one in 2016 who are under a lot of pressure but
Rochelle still there's nothing like the economy it was a Democrat who came out
Jim Carville who came out with that expression it's the economy stupid when
other people were saying you know well there's this and there's that it's the
kind of is that still right what Jim Carville said many years ago look I
think that Republicans need to hold off right now on popping bottles of
champagne and celebrating the economy because quite frankly we still have a
lot of uncertainties we really don't know what's gonna happen with the trade
war right we don't know how the chairs are going to right job growth we don't
know how it's going to impact productivity Americans have never been
more confident consumer confidence is at the highest level they are confident but
getting to your question about Democrats I think that what Democrats lack in this
is an overall message I don't think that they have a message that is really going
to attract independents and moderates and I'm sorry to say that they probably
don't to hear me say that because I was the press secretary for the House
Democratic policy and communications committee and we were tasked with
drafting an economic message you may remember it it seems to have fallen flat
but it was a better deal better jobs better wages better future and now that
you have this economy doing well that message is not going to serve as strong
anymore within the Democrats really got to get their act together is there
enough time before the election it's coming up pretty soon it's coming up
soon and they need to have a stronger message that's going to attract
independence and Martha Marlen when americans feel so good about the economy
no matter what message democrats come out with i can't imagine a beating the
americans own perception of how things are going right now absolutely and i
mean let's not downplay what the president has done it's been nothing
short of amazing to watch the economic miracle that has come to fruition in
2017 Salix and a lot of democrats in there
Economic Advisers said it couldn't be dead it couldn't be done they mocked it
they mocked the very thought of it but I agree with Alex on another issue we're
going to see a refocusing of the issues and I don't think it's just going to be
the Supreme Court if you look at health care this is a problem
the Republicans promised to address in 2016 and we have not addressed the
problem and costs continue to spiral out of control we have to do something about
it Republicans promised in 2016 to solve the problem of immigration and the
president is begging Congress to send him a bill that fully funds the wall in
border security they haven't done it remember by the way going back to
Congress it was Congress that of course dropped the ball on health care I mean
they had that they had an opportunity to do it and they didn't is it conceivable
that the president has time before the election to do something about health
care now he's clearly he's trying different things to try to get rates
down making available very simple plans that that are just sort of catastrophic
plans that don't cost that much is that gonna be enough for voters well I think
he is doing his best to try to provide some free market alternatives to what is
out there right now and certainly I think he hopes that Congress will
provide him with some legislative relief in this in this arena to I think an
important driver of this economic growth speaking of legislation that was in
Congress's court and that a lot of Democrats opposed was the tax cuts and
Jobs Act this is a big driver by the way be another another tax cut put on the
docket before the election what we passed before the election but Rochelle
you said that Democrats are lacking economic message I think you would agree
with me that one economic message is going to be the cost of health care for
Democrats right well certainly and I don't think that they want to jump on
board this whole Medicare for all I don't think that going the Democratic
Socialist I don't think that's a good route no it is not I am not a fan of it
I don't agree with with the social but what's going to happen though because
there's a big battle in the Democratic Party for that it's really divided right
now but I think that they have to get away from that sort of message right now
because it's not attractive for moderates or individual
but if we don't solve this problem now we're on a collision course with
socialism because eventually the American people are going to throw their
hands up and say we need relief from the high cost of health care and so that is
my concern if we don't solve this with free-market principles today it creates
a much bigger problem down the road and don't forget that as a political matter
in the short term the 2020 contenders on the Democratic side who are all pretty
much of all in favor of Medicare for all are really putting a squeeze on these
2018 Democrats that are up in these tribes way I'm amazed here we have a
former Bernie supporter a Democrat who was very active in the campaign a
Republican all agreeing that a couple of points a very interesting political
all right well Secretary Pompeo issuing a warning the North Koreans calling it
alarming could a deal be unraveling and forget protestors trying to shut down
ice this New York candidate for attorney general wants to prosecute ice agents
what does former ice director Tom Holman have to say about that you can guess
he's hot you don't want to miss him coming up
you
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