WILL YOU HOLD ON FOR ONE SECOND
BECAUSE I HAVE BREAKING NEWS AND
I WANT TO BRIG IT TO EVERYBODY.
THE SUMMIT TO NORTH KOREA,
UNITED STATES SUMMIT IS OFF.
>> WRITTEN FROM THE PRESIDENT TO
KIM JONG-UN BASICALLY SAYING,
BASED ON THE TREMENDOUS ANGER
AND OPEN HOSTILITY GLEYED IN
YOUR MOST RECENT STATEMENT I
FEEL IT IS INAPPROPRIATE TO HAVE
THIS LONG PLANNED MEETING SO E
THEREFORE LET THIS SERVE THAT
THE SUMMIT FOR THE GOOD OF BOTH
PARTIES IS OFF.
BUT THIS IS TO THE DETRIMENT OF
THE WORLD THAT IS NOT TAKING
PLACE.
YOU TALK ABOUT YOUR NUCLEAR
CAPABLES BUT HOURS OR SO MASSIVE
AND POWERFUL THAT I PRAY TO GOD
THAT THAT WILL NEVER HAVE TO BE
USED IT GOES ON AND ON BUT
BASICALLY --
IT IS OFF.
>> IT IS OUR PRESIDENT, WITH
PRESIDENT TRUMP --
WHO HAS WRITTEN THIS LETTER HE
IS PULLING OUT OF THE SUMMIT.
>> HE IS.
A WONDERFUL DIALOGUE WAS
BUILDING UP BETWEEN YOU AND ME
BUT ULTIMATELY IT IS ONLY THAT
DIALOGUE THAT MATTERS SOME DAY I
LOOK VERY MUCH TO MEETING YOU IN
THE MEANTIME I DO WANT TO THANK
YOU FOR RELEASE OF HOSTAGES NOW
HOME WITH THEIR FAMILIES THAT
WAS A BEAUTIFUL GESTURE AND WAS
VERY MUCH APPRECIATED.
>> NOW I SHOULD TELL YOU AS SOON
AS THIS NEWS BROKE 90 SECONDS
AGO WE HAVE THE DOW DROP ABOUT
89 POINT WE HAVE COME BACK NOW
WE'RE DOWN 70 POINTS.
WHICH IMPLIES TO ME THAT THE
SUMMIT WAS NOT A BIG MOVER OF
THE STOCK MARKET IN THE FIRST
PLACE.
BECAUSE IF YOU'RE ONLY DOWN 77
WHERE WH SUMMIT IS CALLED OFF
JUST LIKE THAT --
AND M PLIES IT IS NOT A BIG
DEAL.
>> AN IMPORTANT POINT BECAUSE
SECRETARY OF STATE MR. POMPEO
HAS BEEN WARNING FOR DAYS NOW
THAT THE FATE OF THIS SUMMIT
REST WITH KIM JONG-UN, AND AFTER
THE VICE PRESIDENT HAD THAT SIT
DOWN INTERVIEW WITH MARTHA, THEY
WENT FULL BORE WITH ATTACKING
THE VICE PRESIDENT CALLING HEM
STUPID, IGNORANT, AND SO --
THIS DOES NOT SIT WELL WITH U.S.
NEGOTIATORS ON THIS SIDE OF THE
AISLE WHEN IT COMES TO THAT
SUMMIT.
>> DID THE PRESIDENT IN HIS
LETTER REFER TO THE --
EXTRAORDINARY HOSTILITY FROM THE
NORTH KOREANS, I MEAN, THEY DID
CALL VICE PRESIDENT --
>> NO.
A POLITICAL DUMMY AND BASED ON
YOUR RHETORIC AND YOUR
TREMENDOUS ANGER AND OPEN
HOSTILITY DOES NOT MEAN THAT
VICE PRESIDENT IN PARTICULAR HE
SAYS AT THE VERY END LOOK IF YOU
CHANGE YOUR MIND, PLEASE DO NOT
HESITATE TO CALL OR WRITE ME.
I JUST LOOK AT THIS A MISSED
OPPORTUNITY THAT IS TRULY A SAD
MOMENT IN HISTORY.
>> OKAY WE HAVE SCRAMBLED BLAKE
AT THE WHITE HOUSE HAS TO TELL
US WHAT ELSE DO YOU KNOW ON THIS
ONE, PLEASE, BLAKE?
>> I WAS SPEAKING WITH THE
COUPLE OF MY COLLEAGUES HERE
EARLIER TODAY AND WE WERE
TALKING ABOUT WHETHER OR NOT WE
SHOULD CONTACT THE VICE
PRESIDENTS OFFICE TO SEE IF THEY
HAVE ANY SORT OF STATEMENT.
ANY SORT OF REACTION TO THE
NORTH KOREAN WHO HAD CALLED ONE
OF THE TOP OFFICIALS --
THE VICE PRESIDENT A POLITICAL
DUMBNY WHICH YOU GUYS WERE JUST
TALKING ABOUT.
I DIDN'T E-MAIL THEM BECAUSE WE
FIGURED THERE WOULD BE NO
REACTION FROM THE LEVEL OF THE
VICE PRESIDENT'S OFFICE AFL THIS
IS HELD AT SUCH A HIGH LEVEL
DISCUSSION AT THIS POINT.
WE THOUGHT THEY MIGHT LEAVE THIS
UP TO THE PRESIDENT OR --
TO THE MAYBE YOU KNOW TO THE
PRESS SECRETARY TO KIND OF GET
OUT AHEAD OF IT.
>> VERY CLEARLY LEFT IT UP TO
THE PRESIDENT BECAUSE YOU JUST
SAW THE LETTER THAT DONALD TRUMP
THE PRESIDENT HAD PUT OUT IN
WHICH HE ESSENTIALLY SAYS THE
RHETORIC THAT YOU HAVE USED TO
AGAINST THE VICE PRESIDENT IS --
EITHER THE REASON OR ONE OF THE
REASONS THAT THIS IS NOT
HAPPENING GOING FORWARD.
REMEMBER NORTH KOREANS POINTED I
THINKER INITIALLY AT A JOHN
BOLTON FOR HIS COMMENTS IN WHICH
HE SAID THAT --
THE LIBYA MODEL WOULD BE A MODEL
TO GET NORTH KOREA TO
DENUCLEARIZE.
YOU KNOW WHAT HAPPENED TO
MOAMMAR GAD FEAR AFTER NUCLEAR
WEAPONS WERE TAKEN OUT OF THAT
COUNTRY YOU KNOW HOW THAT STORY
ENLDZED THE NORTH KOREANS DID
NOTS LIKEHAT COMMENT AT ALL
MIKE PENCE THE VICE PRESIDENT
WAS COMMENTING ABOUT THAT AND IN
HIS INTERVIEW WITH MARTHA AND
THEN THEY TOOK THEIR ANGER FROM
JOHN BOLTON OVER TO --
MIKE PENCE AND NOW --
THAT IS APPEARED TO AT LEAST THE
GOEN TO A LEVEL TO WHERE THE
PRESIDENT HAS SAID, ENOUGH IS
ENOUGH.
THIS SUMMIT IS OFF.
WE CAN TELL YOU THERE HAVE BEEN
PLANS STUART --
FOR TOP ADMINISTRATION OFFICIALS
ADMINISTRATION OFFICIALS TOLD
FOX OR FOR TOP ADMINISTRATION
OFFICIALS TO HEAD TO SINGAPORE
THIS WEEKEND TO PLAN OUT
LOGISTICS TO PLAN OUT THE
AGENDA.
SO THIS APPEARS TO BE A VERY
SUDDEN REVERSAL FROM THE UPPER
OF THIS ADMINISTRATION TO NOW
PULL OUT THE LETTER FROM
PRESIDENT TRUMP.
IT IS A MESSAGE HIS MESSAGE
RATHER OVER THE LAST FEW DAYS
HAD GONE FROM BEARISH TO BULLISH
BUT THE BOTTOM LINE FROM THE
PRESIDENT THROUGH ALL OF THIS
IS --
OR WAS WE WILL SEE WHAT HAPPENS.
AT LEAST FOR NOW, STUART.
WHAT IS HAPPENING IS --
NO SUMMIT THIS IS CALLED OFF