LOU: OUR NEXT GUEST MADE THE ANNOUNCEMENT TODAY ABOUT THE G-5
SUMMIT.
SUMMIT. I AM INTERESTED IN A SUMMIT WITH
ERICKSON AND THE COMPANIES, THE
FOREIGN COMPANIES MAKE 5G
EQUIPMENT.
EQUIPMENT. WHY DON’T WE HAVE SOME?
>> WE HAVE GOT A COUPLE, LOU.
THE SUMMIT MIGHT TAKE PLACE
SOMETIME IN EARLY APRIL.
YOU WILL HAVE THE BIG CARRIERS,
AT&T, VERIZON, T-MOBILE,
SPRINTED.
SPRINTED. WE’LL BE REPRESENTED BY A
JAPANESE CARRIER PAVING THE PAY
TO SPOT OF WARE DRIVEN 5G.
INTEL WILL BE THERE.
CISCO WILL BE THERE.
QUALCOMM WILL BE THERE.
THERE WILL BE NO SHORTAGE OF THE
AMERICAN COMPANIES.
AMERICAN COMPANIES. WE HAVE SMALLER AMERICAN
STARTUPS.
STARTUPS. LOU: WE DON’T HAVE ANY COME PET
DWROORS HUAWEI, DO WE?
>> I DON’T KNOW THAT YET.
LOU: BE CAREFUL NOW.
>> I WILL BE AS CAREFUL AS I
CAN.
CAN. BUT I WILL TELL YOU DEPLOYMENT
OF 5G IN 50 CITIES HAS BEEN A
GREAT START.
GREAT START. WE’LL BE AUCTIONING OFF A LOT OF
OF SATELLITE SPECTRUM THAT WILL
GET INTO THE RURAL AREAS.
LOU: I SHOULD HAVE FOLLOWED MY
INSTINCTS AND I GOT TOO FAR INTO
THAT.
THAT. THE FACT OF THE MATTER IS, WE
ARE RUNNING BEHIND CHINA IN 5G.
IF YOU CAN GET US MOVING WITH A
CONFERENCE, GOD BLESS YOU AND
GOD SPEED.
GOD SPEED. I WANT TO TURN TO THE ECONOMY.
THIS ECONOMY IS GOING
GANGBUSTERS BY ANY DEFINITION.
WE ARE SEEING CONSIDERABLE
CONCERN IN THE MARKETPLACE IF WE
CAN BELIEVE THE FOLKS WHO COVER
SUCH THINGS BECAUSE OF FEARS OF
THE CORONAVIRUS.
THE CORONAVIRUS. IS THAT FEAR IN YOUR JUDGE THE
POLICETHE -- MISPLACED OR OVERDO
>> IT’S ABOUT CHINA.
THE VIRUS IS VERY WELL CONTAINED
IN THE U.S.
THE CHINA THINGS A HUMAN CARIAN
TRAGEDY.
TRAGEDY. PEOPLE ARE TALKING ABOUT THE UP
REPLY CASES FOR OUR COUNTRY.
IT COULD TURN WORSE.
I DON’T KNOW IF THE INFORMATION
OUT OF CHINA IS CORRECT OR NOT.
I WOULD SAY THIS.
IF YOU LOOK AT SOME OF THE
RECENT DATA POINTS, THE ISM
MANUFACTURING REPORTS FROM NEW
YORK AND MICHIGAN, I GUESS IT
WAS, OR CHICAGO, THERE WERE NO
SUPPLY SHORTAGES.
SUPPLY SHORTAGES. LOU: THIS ECONOMY IS STRONG AS
IT CAN BE.
>> THE NEW YORK FED WAS UP BIG.
NO SUPPLY SHORTAGES.
I DON’T WANT TO CROW.
I AM JUST SAYING SO FAR WITH
WHAT WE KNOW --
LOU: WE WANT YOU GROWING THIS
ECONOMY, ARE YOU KIDDING ME?
LET’S TURN TO SOMETHING WE ARE
NOT CROWING ABOUT, A NUMBER OF
PIECES OF LEGISLATION WHICH
WOULD BE EFFECTIVELY AN AND
NECESSARY CITY LED BY THOM
TILLIS THAT WOULD GIVE 2 MILLION
PEOPLE AMNESTY.
PEOPLE AMNESTY. WE ARE LOOK AT MIKE LEE’S 386 IN
THE SENATE WHERE THEY WANT TO
DOUBLE THE H-1B WORKERS.
THIS LOOKS DIRECTLY ANTITHETICAL
TO WHAT THE PRESIDENT SAID, HIRE
AMERICAN, BUY AMERICAN.
AND SUDDENLY WE ARE LOOKING AT
IMMIGRATION LEGISLATION BEING
MOVED BY THE REPUBLICAN
CONFERENCE IN THE SENATE AND THE
HOUSE.
HOUSE. >> THE ADMINISTRATION HAS ITS
OWN MERIT-BASED LEGAL
IMMIGRATION REFORM PLAN.
I DON’T KNOW IF ANY LEGISLATION
WOULD GET THROUGH.
LOU: BUT THE POINT IS, YOU DON’T
WANT IT, RIGHT?
YOU ARE NOT SUPPORTING TONIGHT
LEGISLATION SOME ELEMENTS OF THE
REPUBLICAN PARTY ARE TRYING TO
MOVE IN THE SENATE AND THE
HOUSE.
HOUSE. >> THAT’S CORRECT.
WE ARE SUPPORTING OUR OWN
COMPREHENSIVE IMMIGRATION PLAN
BASED ON MERIT.
ON THE ISSUE OF AVAILABLE
WORKERS, THIS IS A VERY STRONG
PROSPERITY CYCLE LED BY
PRO-GROWTH POLICIES ON LOW TAXES
AND REGULATIONS AND ENERGY
INDEPENDENCE.
INDEPENDENCE. AND BETTER TRADE DEALS.
LOU: FAIR TRADE DEALS.
>> THEY ARE GOING TO OPEN
MARKETS.
MARKETS. LET ME JUST SUGGEST THE
FOLLOWING.
FOLLOWING. THE EMPLOYMENT POPULATION RATIO
SUGGESTS THERE COULD BE 6
MILLION MORE AMERICAN WORKERS
WHO COULD COP OUT OF THE
WOODWORK -- WHO COULD COME OUT
OF THE WOODWORK AND INTO THE
LABOR FORCE.
LABOR FORCE. THERE ARE STILL AMERICANS WHO
WOULD BE ABLE TO WORK.
THE SECOND POINT I WANT TO MAKE,
WE ARE GROWING FASTER THAN
ANYBODY THOUGHT WITH THE LILD
AND LOW WAGE EARNERS.
AND THE STOCK MARKET BOOM, IT’S
THE CONSUMERS BELOW THE BOTTOM
50%.
50%. THEY ARE DOING THE BEST BETTER
THAN THE PEOPLE IN THE SO-CALLED
TOP%.
TOP%. SO I HAVE GOT A BLUE COLLAR
BOOM.
BOOM. A DURABLE PROSPERITY CYCLE.
WE SURPRISED PEOPLE, 6 .7%
UNEMPLOYMENT WITH NO INFLATION.
JUST TO ROUNDS THIS OUT THE
CONGRESSIONAL BUDGET OFFICE
USING PRESIDENT OBAMA’S POLICIES
SAID WE WOULD GROW ONLY 2%.
LOU: BUT PEOPLE ARE SAYING YOU
SAID YOU WILL BE AT 3%.
THIS NONSENSE GOES ON FOREVER.
YOU HAVE GOT ONE THING TO DO AND
THAT’S TO WIN THE NOVEMBER 3
ELECTION AND YOU WON’T DO IT IF
YOU START SPONSORING THESE TYPES
OF BILLS YOU ARE SEEING MIKE LEE
AND THOM TILLIS TRYING TO PASS.
>> THERE COULD BE AS MANY AS 6
MILLION AMERICAN WORKERS WHO
COULD COP OUT OF, COULD COME OUT
WOODWORK.
WOODWORK. LOU: I WANT TO SEE THE WAGES
STRONGER BEFORE WE TALK ABOUT 6
MILLION WORKERS.
MILLION WORKERS. WE HAVE TO TALK ABOUT THAT.
WE HAVE TO HAVE A NATIONAL
DIALOGUE.
DIALOGUE. NO MATTER WHICH ADMINISTRATION
EMBARKS ON THEM, YOUR
PARTICIPATION IN THIS
ADMINISTRATION MAKES ME FEEL
BETTER ABOUT THE WHOLE THING.
>> IT’S A BLUE COLLAR BOOM.