"Making Money" host Charles Payne discusses the negotiations over the $900 billion coronavirus aid package.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Brian Brian stocks rallied to
Brian Brian stocks rallied to
record highs, race, Covid, 19 aid
package for individuals and
businesses
here to react is the host of
making money
the same guy. We know as Charles
Payne on Fox business. Charles welcome back
Charles welcome back.
Thank you great to be back
nine hundred dollars billion in principle,
no liability insurance and no
direct money to the states.
Whats the hold up
so many chefs in the kitchen
right now
and I think thats the biggest
thing
you know, and its really sad
Brian,
because here we are now just
days before Christmas,
we had a one dollar and eighty cents trillion offer on
the table.
President Trump said he would
make sure it got through. On the
republican side.
It was turned down for political
reasons, and now they are going
to this usual charade, politics
as usual.
He always believe when its all
said and done, we will get the
deal that we probably would have
gotten two or three months ago,
something in a one dollar and fifty cents trillion
neighborhood, where almost
everybody gets everything that
they want
and then they will. You know
reload for the next battle.
Brian, you know its kind of
interesting
Pat Toomey is trying to restrain
wild spending. If Joe Biden
becomes president on
January 20th,
he said the coronavirus aid
proposal blocked by the Senate
Democrats in September, would
have aaffirmatively prevent the
FED from any further lending
past early January for the
facilities funded by the Cares
act.
He is worried. Joe Biden becomes
president. This aid package is
going to be off the charts, JANET
Yellen Treasury secretary, and
they think Powell is going to
write huge checks.
Well, you know: listen when
Steven Mnuchin says we need to
take back this money. He made a
couple of great point.
First of all, there wasnt a
real demand for it.
Secondly, we were using it to
buy things like apple bonds.
You know Applebees back around
thirty dollars million of its own stock
every single day.
So why would the american
taxpayer have to buy bonds,
apples bonds?
Obviously they want these pots
around,
but I think you bring up a great
point and obviously the senator
does too.
The federal reserve is going to
be an amazing tool under Biden
Administration to flood the zone
with money.
There is a speech today that no
one is going to pay attention
to.
I will
I will listen to it. Perhaps
over the reeked
braynard
keep that name in mind. She will
be in charge of the Federal
Reserve.
Today she is giving a speech on
climate change,
the economy and climate change.
She gave the same exact speech
etch on November 8th two thousand, and nineteen
pay attention. Folks,
right now the FED apparently
supposedly has two mandates.
They have more mandates and
things like climate change,
which there is no real barometer
for, will be able to guide their
decision making.
That means more money, printing.
That means low rates forever,
and that means you can fund a
lot of things from the green new
deal to paying off student debt.
Brian Solyndra revisited, and if
you want to advocate the throne
energy producers, behemoth of it
thats what you do
small businesses going under by
the day, because these
politicians feeling thats the
only safe way to do things
when guys, like Dave, Portnoy and
other people with GO fund me
pages- are the ones standing up
these businesses and keeping
them alive.
This thats pathetic that the
average American has got to help
out average Americans, because
these politicians are cutting us
off at the knees
yeah.
We are getting back to our
roots right,
helping one another
Brian. I had a guest on my show
yesterday, who runs a New York,
comedy club, a small comedy
club
in the middle of it. He had this
sort of epiphany.
He said im a progressive.
Essentially, he said I hate Fox.
I hate Fox business.
I dont know why im on here
other than you are the only
people who are reaching out and
trying to help me.
He was dumb founded by that
the circumstance, and he was on
the air asking me what he could
do, because he is desperate not
to be put out of business by
Bill De Blasio
and so yeah. You know what
its one person helping another
person forgetting about
ideology for the moment,
but its so shocking that we are
watching elected officials,
whether they are mayors like a
bill de Blasio or congressional
leaders, allow the small business
fabric
you always talk about.
They always talk about the
fabric of society.
They are the fabric of our
economy,
they are where dreams are made
and to allow them to be crushed
absolutely crushed. For political
reasons is so heart breaking
and its so hard to believe we
are watching it and allowing it
Brian they could have separated
those people.
I know some people,
they were all set,
they showed them
and they were afraid of come
forward in the comedy business.
They think there is going to be
retribution from this vindictive
mayor and governor if they go
forward.
I give that comedy club owner
tremendous credit,
real quick. You have a town
hall, its hard to think about
two thousand and twenty one,
but its come up on January first
as a virtual town hall.
Obviously I want them to
watch it,
but I want them to understand
that capitalism, american style
capitalism. He is under assault.
We know its not perfect, because
there is no perfect system,
because human beings arent
perfect,
but there is a real assault and
its not just the green new
deal.
You know a so called moderate
Joe Biden. Presidential
administration would dismantle a
lot of things that made America
the best most amazing country
ever to grace the face of the
earth
all in the name of social
distancing redistribution.
I want to focus on those things.
I also want to champion to
celebrate the success
main street success, because even
in the midst of all of this, we
are seeing people opening up
business.
We are seeing people try to your
point. You made earlier
sort of a quasicelebration on
capitalism.
How do we keep it together,
knowing its under assault and
there will be changes made?
Brian also viewers can message
Fox business on Facebook or
Instagram or email questions to
invest in you at Fox business to
the come.
So you want some of those
messages
you are going to use them in the
show right,
absolutely
particularly the videos.
Every time we have done these
town halls, the ratings have
gone higher and higher
people have participated.
I have got to tell you. I have
been touched every single time.
I love when everyone engages.
There is a lot of smart people
who see and read between the
lines
they dont just read the
newspapers and watch TV.
They know more about the details
of whats going on.
They are more alarmed than you
think they are.
I cant wait to hear the
questions and commentary
Brian. The market used to be the
thing that decided whether you
are a success or failure, now
its government,
its pathetic
making money with Charles Payne
at 200 on fox business.
Charles. I look forward to
seeing you if you are going to
wear the same outfit at 200 as
you were this. No,
please dont give it away.
Transcript generated on 2020-12-18.