>>> TURN UP THE VOLUME FOR THIS, TONIGHT ON A NEW WARNING ABOUT THE STAKES THIS NOVEMBER, 16 NOBEL PRIZE-WINNING ECONOMIST SAY THAT IF FORMER PRESIDENT DONALD J TRUMP WINS, QUOTE, HIS PLANS WILL REIGNITE INFLATION AND CAUSE LASTING HARMS TO THE GLOBAL ECONOMY. HE POINTED OUT THE BUSINESS COMMUNITY HAS NOT EMBRACED TRUMP IN NO WAY SHAPE OR FORM. IN FACT NO SINGLE FORTUNE 100 PERSON HAS DONATED TO TRUMP'S CAMPAIGN. LET'S START WITH THESE ECONOMISTS, THEY SAY THAT TRUMP'S POLICIES COULD CAUSE AN INFLATION BOB, WHAT DO YOU THINK ABOUT THAT, STEVE? >> TRUMP WAS TALKING ABOUT EXTENDING HIS TAX CUTS WHICH MEANS, TARIFFS ARE PAID FOR, AND IT'S ALL IN ALL, A COMPLETELY IRRESPONSIBLE ECONOMIC POLICY THAT PEOPLE HAVE NOT YET FOCUSED ON. HOPEFULLY THIS WILL GET PEOPLE PAYING ATTENTION. >> YOU INTERVIEW BUSINESS LEADERS WHO LIKE TO COMPLAIN ABOUT INFLATION, THEY DON'T NECESSARILY SAY PRESIDENT BIDEN IS BUSINESS FRIENDLY, BUT WHEN YOU'VE GOT 16 NOBEL PRIZE WINNERS SAYING TRUMP'S POLICIES WILL BE A DISASTER, HOW ARE THE BUSINESS TRUMP ENTHUSIAST GOING TO RESPOND? >> I THINK THE TRUMP ENTHUSIASTS, THEY JUST TOOK AWAY. I THINK THOSE WHO ARE A LITTLE MORE WITH THE PROGRAM, LOOK AT THIS AND SAY, THIS IS NOT A GOOD THING. LOOK, THE HARDEST PART ABOUT THIS IS THAT TO THE EXTENT THAT CEOS ARE TRYING TO FIGURE OUT WHAT'S HAPPENING HERE, THEY CAN LOOK AT THESE NUMBERS AND SAY THE INFLATION PIECE ON ITS FACE WOULD BE TERRIBLE BUT THEY WOULD ALSO SAY WHAT IS GOING TO HAPPEN IN 2025 TO TAXES. AND THAT IS A TANGIBLE THING. >> JOE BIDEN ISN'T GOING TO RAISE THEIR TAXES UP TO 38%. >> I'M NOT ARGUING, JUST IN TERMS OF UNDERSTANDING THE PSYCHOLOGY OF THE CEO TODAY OR THIS BILLIONAIRE CLASS WE ALL TALK ABOUT AND WHETHER THEY ARE GOING TO VOTE FOR BIDEN OR VOTE FOR TRUMPET I THINK THE MOST IMPORTANT IS DIFFERENT, WHICH IS THAT THEY HATE UNCERTAINTY. MORE THAN ANYTHING ELSE, AND THE MATTER WHAT, THERE'S GOING TO BE UNCERTAINTY OVER TAXES AND ALL THESE THINGS BUT THE TRUE UNCERTAINTY, THEY LIVED THROUGH THIS MOVIE BEFORE OF REAL UNCERTAINTY, THE POLARIZATION OF WHAT HAPPENED INSIDE THE COMPANIES AND THE COUNTRIES ON THE SLACK CHANNELS, WITH EMAIL, I THINK THAT IN A DIFFERENT WAY PERMEATES THEIR BRAIN IN A WAY THAT WE DON'T ALWAYS DISCUSS. >> UNCERTAINTY OVER THE RULE OF LAW? >> YEAH, LOOK, I THINK MANY CEOS, NOT ALL, SOME HAVE STRONG VIEWS BUT I THINK A LOT OF CEOS FALL INTO THIS CATEGORY, WE HAVE THIS PHRASE, DOUBLE HATERS, THEY DON'T LIKE EITHER OF THEM, SO THEY ARE WEIGHING TRUMP, AND THEY DON'T LIKE THE JANUARY 6th STUFF, THEY GET IT, THEY UNDERSTAND THAT TRUMP IS A TRULY BAD GUY, BUT ON THE OTHER HAND, THE ECONOMY DID REASONABLY WELL, TO THEM, ANYWAY, THEY GOT THEIR TAX CUT AND THEN THEY LOOK AT THE PRESIDENT WHO THEY VIEW AS A PERSON OF INTEGRITY BUT OLDER, AND THEY WORRY ABOUT THE VICE PRESIDENT, QUITE FRANKLY AND THEY WORRY ABOUT REGULATORY OVERREACH. THEY'VE ALL GOT THERE GRIEVANCES, THE CRYPTO CROWD HAS A GRIEVANCE AGAINST THE SEC . AND THAT'S WHAT THEY ARE WEIGHING AT THE MOMENT. >> LET'S TALK ABOUT THE DIFFERENT BUSINESS GROUP, SO THIS GROUP THAT SORT OF SPRUNG UP, SILICON VALLEY, ELON MUSK, IN THE HEDGE FUND COMMUNITY, ALL OF A SUDDEN THEY WERE PRO TRUMP. BUT IS THAT NOT A POWER STORY THAT THEY REALIZE THAT TRUMP IS A TRANSACTIONAL PRESIDENT AND THEY BOUGHT THEMSELVES ACCESS. >> THE ACCESS PIECE IS IMPORTANT BUT I THINK THEY HAVE, YOU KNOW, ELON MUSK HAS THIS, THAT WOKE MIND VIRUS IDEA, AS THE CHALLENGE, NOW I'M NOT BUYING INTO THAT . >> OF COURSE BIDEN AND HIS SUPPORT OF ELECTRIC VEHICLES, THIS IS INTERESTING, I'VE ALWAYS THOUGHT THIS WAS ONE OF THE GREAT CHALLENGES FOR BIDEN, WHICH IS, THAT PRESIDENT BIDEN DID NOT KISS THE ELON MUSK RING EARLY ON BECAUSE HE WAS KISSING THE UNION RING EARLY ON. AND AS A RESULT, ELON MUSK TOOK PERSONAL OFFENSE TO THIS, THIS IS WHEN THEY WERE INVITING ALL THE AUTOMAKERS EXCEPT FOR TESLA AND TELLING THE COUNTRY THAT THESE WERE THE AUTOMAKERS OF THE FUTURE, THAT ACTUALLY CREATED THIS VERY STRANGE RIFT. ALL OF THESE ARE PERSONAL, YOU MIGHT EVEN SAY, PETTY ISSUES BUT I THINK THEY ALMOST METASTASIZED IN INTERESTING WAYS AND THAT'S WHY WE ARE SEEING SOME OF THIS CROWD GO THAT WAY. >> I THINK THAT. LOOK, I ALSO THINK, THEY BELIEVED, RIGHTLY OR WRONGLY THAT TRUMP WILL NOT DO ALL THE CRAZY STUFF THAT HE'S TALKING ABOUT DOING. >> WHY DO THEY THINK THAT? >> THEY FORGET THAT JANUARY 6th HAPPEN? >> LET'S SEPARATE THE ECONOMIC STUFF FROM THE DEMOCRATIC STUFF. >> YOU KNOW -- >> THEY ARE SEPARATE ISSUES. THEY THINK TRUMP WILL HAVE, THERE WILL BE ENOUGH GROWN-UPS IN THE ROOM, THEY CAN TALK SOME SENSE INTO THEM. BUT THE DEMOCRACY THINGS SHOULD BE DISQUALIFYING, AND OF DISCUSSION. IT SHOULD BE. >> WE ARE HERE ON TV TALKING ABOUT THIS, YOU ARE NOT GOING TO SEE LOTS OF CEOS, TALKING ABOUT THEIR SUPPORT FOR BIDEN. I THINK THAT'S AN IMPORTANT THING TO THINK ABOUT. I THINK RIGHT NOW, CEOS, WHO THINK THEY SUPPORT BIDEN, EITHER I DON'T WANT TO SAY THEY'VE BEEN BULLIED, BUT HAVE BEEN BULLIED INTO SILENCE, THEY'RE SAYING IT'S VERY POSSIBLE THAT TRUMP WINS AND IF HE WINS, WE DON'T WANT TO BE SEEN AS BEING ON THE OTHER SIDE OF HIM, AND I THINK IN TERMS OF THE DYNAMIC WHICH IS GOING TO PLAY OUT IN THE PUBLIC OVER THE NEXT SEVERAL MONTHS, YOU WILL SEE STORIES, ARE CEOS ARE SUPPORTING BIDEN OR TRUMP, I DON'T THINK YOU WILL SEE THEM PUBLICLY CHAMPIONING BIDEN. I THINK IT'S EASY FOR PEOPLE TO PUBLICLY CHAMPION TRUMP. >> YOU WILL ALSO SEE -- I USED TO DO BUSINESS OUTREACH AND WE WOULD GET A BUNCH OF CEOS TO, FOR CLINTON, JOHN KERRY AND SO FORTH, THOSE DAYS ARE OVER. SITTING CEOS CANNOT TAKE PUBLIC SITES. >> I WANT TO TALK ABOUT IMMIGRATION BECAUSE ONE WOULD THINK THAT IMMIGRATION WOULD BE A TOPIC THAT CEOS OR THE BUSINESS ROUNDTABLE OR OTHER BUSINESS ORGANIZATIONS #>> TIM COOK WAS ASKING ABOUT IT. >> TIM COOK WAS, I HAVE SAID TO THE BUSINESS ROUNDTABLE, ISN'T THIS SOMETHING THAT THE BART SHOULD TALK MORE ABOUT IT? GIVEN THE LABOR SHORTAGE THAT WE HAVE, GIVEN THAT WE'VE GOT THESE MASSIVE INFRASTRUCTURE PROJECTS AND WE ARE GOING TO BE MANPOWER, SHOULD THE BUSINESS COMMUNITY, SHOULDN'T THEY WEIGH IN ON THIS? >> BUT YOU ARE DEALING WITH ALMOST A THIRD ISSUE, THE COUNTRY IS SO POLARIZED OVER IMMIGRATION, ABSOLUTE EXTREMES, AND ODDLY, MY GUESS IS THE BUSINESS COMMUNITY SAID, YOU WILL NEED TO WEIGH IN ON THIS. >> EVEN I THINK TIM COOK'S INTEREST IS MORE FOCUSED ON DREAMERS NECESSARILY, THEN THE LARGER ISSUE. I DON'T WANT TO PUT WORDS IN HIS MOUTH BUT I THINK THE CEO COMMUNITY WOULD VERY MUCH LOVE TO TALK ABOUT YOU KNOW STAPLING A GREEN CARD TO A DIPLOMA IN THE U.S. BUT I DON'T KNOW IF THEY REALLY WANT TO TALK ABOUT WHAT'S HAPPENING AT THE BORDER. >> THEY'VE GOT A LABOR SHORTAGE, THEY HAVE HIRING TO DO, SHOULDN'T THEY CARE ABOUT IT? >> IF YOU PUT ACO ON THIS SHOW -- >> THEY ARE ALL DYING TO COME ON. >> AND YOU BASICALLY SAID WHAT DO YOU THINK OF THE IMMIGRATION POLICY, THEY WOULD SAY IT SCREWED UP AND IT MAKES NO SENSE, WE GIVE THE VISAS TO THE WRONG PEOPLE, THEY WILL ALL SAY THIS PRIVATELY. I JUST DON'T THINK THEY NECESSARILY WANT TO SAY IT RIGHT IN THE MIDDLE OF A PRESIDENTIAL ELECTION. >> DONALD TRUMP IS TRYING TO PUT THIS MESSAGE OUT, ESPECIALLY AFTER THE MEETING, SO I'M SURE THAT HE HATED THE REPORT, I'M GUESSING BUT HE MUST HAVE AIDED YOUR REPORTING THAT PEOPLE IN THE ROOM SAID HE WAS MEANDERING AND THEY WEREN'T THAT EXCITED ABOUT HIM. IT DOESN'T REALLY MATTER WHO THESE CEOS ARE VOTING FOR BUT IS THE REASON TRUMP WANTS TO CONVINCE US THAT THE BUSINESS COMMUNITY IS BACKING HIM IS TO CONVINCE THE AMERICAN PEOPLE, THESE GUYS ARE THE BUSINESS LEADERS, THEY KNOW BEST. IF ANYTHING BIDEN SUCKS THAT THE ECONOMY IS GOING TO FAIL UNDER HIM. >> LOOK, THE APPRENTICE, HE HAS MARKETED HIMSELF LIKE THIS, THE WHOLE BARGAINING APPARATUSES ABOUT HIM AS THIS SUPPOSEDLY YOU KNOW, SUCCESSFUL BUSINESS PERSON, THAT IS WHAT THEY'VE BEEN SELLING THE WHOLE TIME. >> THEN MY LAST, LAST QUESTION. FORMER PRESIDENT TRUMP IS LASERBEAM FOCUSED ON CAN THING PEOPLE HOW GREAT HE IS IN TERMS OF THE ECONOMY, PRESIDENT BIDEN HAS LED A VERY STRONG ECONOMIC RECOVERY, HE'S GOT LOTS OF POLICIES TO BRAG ABOUT, WHY DOES THIS ADMINISTRATION DO SUCH A POOR JOB COMMUNICATING IT? >> I DECIDED TO GIVE YOU THE WORST QUESTION LAST. >> LOOK, I SPENT A LOT OF TIME TALKING TO PEOPLE ABOUT IT. PEOPLE DO NOT WANT TO BELIEVE, I'VE GONE ON TELEVISION, I'VE GONE ON MORNING JOE AND I'VE SHOWN THE NUMBERS, OR JOBS CREATED PER MONTH UNDER BIDEN THEN TRUMP. THE ECONOMY GROWING AT LEAST AS FAST, GO THROUGH THE WHOLE LIST, PEOPLE DON'T BELIEVE IT, 50% OF THE COUNTRY THINKS THAT WE ARE IN A RECESSION. 50% THINKS THAT THE STOCK MARKET HAS GONE DOWN, NOT UP. THERE IS SOMETHING GOING ON OUT THERE WHERE PEOPLE CANNOT EXPLAIN IT. >> THE ONLY EXPLANATION THAT I HAVE, WHICH I DON'T EVEN THINK, MAYBE IT'S RATIONAL, LOOK, INFLATION HAS COME DOWN REMARKABLY BUT I DO THINK THAT WHEN YOU ADD UP WHERE PEOPLE WERE THREE YEARS AGO AND WHERE THEY ARE NOW AND THE STICKER SHOC
