nearly half of voters want president Trump impeached and removed from office that's according to a new Fox News poll six and ten also believe the President did ask foreign leaders to investigate political opponents President Trump tweeting this morning quote all-time high for stock market and all the fake news wants to talk about is the impeachment hoax joining us now is former White House communications director Anthony scaramouche II it's good to have you back here it's great to be back you predicted accurately that things would heat up for the president last time you were here but
you also predicted that at some point Republican leadership would go to him and he would resign can you update us so you believe that stand on it so unfortunately I got that part of it wrong I was counting on levels of valor and patriotism from my fellow Republicans so we didn't necessarily get that yet and so unfortunately now it's gonna be the Millstone of approval ratings and polling data for the president and so he's had a terrible month I mean he went from 43 percent of that Fox poll to 49 terms of people that want
him impeached and removed from office I mean sorry that's the aggregate he was 52 in the Fox poll down to 49 but the other two polls MSNBC NBC Wall Street Journal they were all at around 49% so so listen we're gonna get that up and I predict that's now gonna have to go to 60 and what it's 60 to the Republicans will cut and run it's it's a shame to be candid with you because when you talk to these people privately and the last time that I was here when you talk to elected Republicans privately
they can't stand the president they know the president is a lawless person and basically a criminal and so they are just afraid of them and so unfortunately political expediency is ruling the roost as opposed to patriotism and that's a sad part of where we are in the state of affairs of the United States right now so so my prediction now is we're gonna get that number from 49 to 60 and basically you're delayering levels of a cult right now and so that's what's basically happening a lot of people are locked in and fortified the president
tries to shame people he'll bully people remember you have to be a hundred percent loyal to him like he's David Koresh or Jim Jones from the Jonestown kool-aid punch if you're not a hundred percent loyal to him he flips out your former colleague and my friend Ed head I mean he bashed them 19 times on Twitter that one weekend when he asked that benign question of moral event so so that's where we are right now and so this will eventually happened there's no way this guy's gonna make it you probably saw the Jared Kushner information
related to khashoggi and you know the journalists there's more stuff coming out over the next three weeks there'll be a waterfall of illegalities and lack of fitness to serve issues hitting the president and the something else we've talked about is who could be a viable alternate because it the other reason it seems that Republicans have stood by the president is because he supports their agenda right they have stuff they want to get done and so they're they've held their noses it seems over a lot of these alleged misdeeds to get that agenda through so if
he's not going to be the one to get the agenda through doesn't there have to be a viable at all I mean that that that unfortunately you know if when we were talking back in August and September had the Republicans moved I mean they got the goods they know from forget about the transcript we're talking about legitimate honorable Americans that have actually under oath testified before the Congress they have the goods on the rank illegality and the lawlessness and so they could have moved they could have said okay listen it's not gonna work for you
we're gonna pinch 20 senators and want to blow out of here the stink of the president would have lasted a little while but not that long I mean they're they're they're under estimating his power of intimidation and they're under estimating how good they could be post his departure you brought up the transcripts the first ones have just been released although we don't have the headlines that are coming out of them but let me ask you this because we always introduce you as the former White House communications person but you're also of a highly respected investor
and we're watching these markets and the president tweeted about this earlier well we're at record highs so as we go to you know forward into 2020 doesn't this kind of give the president the kind of cachet to keep going forward okay so so again you know I'm running 11 billion dollars I've been a market participant for 31 years you're at all-time highs for a number of different factors but the major factor is the Federal Reserve Federal Reserve has lowered rates three times they're in the process of purchasing assets and so that is a levitating effect
on the billion but but what we have to be worried about what you look forward into 2020 is an earnings recession there's only so much that you can peel from the current earnings environment in terms of share repurchase and dividend increases and things like that and so if you're telling me that we're gonna get another layer of multiple expansion and the markets going to go up another 25% so you're going to move multiples from 18 times forward multiples to 20 to 20 and a half times forward multiples that is possible because you know anything can
happen in our markets but what also has been happening over the last year Adam is you've had unbelievable market volatility you saw the market go from November 15th of last year to December 31st down fourteen and a quarter it's zig back up seventeen and went down six and a half in May the the market is moving like Donald Trump signature and so real market participants know that there's a liquidity crisis in the market there's a lack of principle capital the Volcker rule pulled out about four hundred and fifty billion dollars of principle and so you
have a lot of algorithmic traders and yes the market is trading up the volume is not terrific if you look at the volume where the markets trading up but yes the economy is doing well and I predicted you won't have a recession going into next year so this won't be a market judgment this would be is somebody in the united states above the law if Donald Trump is above the law and the court ruling today already said on the tax returns no the president is not above the law who deserves most their credit here for
this rally is the President Trump or is it the Federal Reserve I mean just playing on the other side of this President Trump he's overseeing record low unemployment no listen I'm an objective guy at what I will give the president credit for the reason why the unemployment is so low is that he cut the illegal immigration at the border by 85% I don't like the way he did it I don't like the separation of the women and the children putting the children in the cages I think that was ridiculous but he did cut the illegal
immigration and so what ended up happening is he tightened the labor market took all the slack out of the labor market it's the main reason why the bottom 10% of the wage earners experienced a 5.4 percent wage increase I want to give the president credit on that the president also de Laird from a regulatory percent perspective a lot of the regulation in the in the industries give him credit for that he's taking down aspects of the administrative state give him credit for that he's botched the trade deal you know the investment capital numbers have been
negligible for the last three quarters that'll eventually show up in the in the economy because what we recommended to him was that he ratcheted up 2 percent a quarter for 10 quarters he could have gotten to trade parity with the Chinese and he could have done it without a disruption in the supply chain for everybody he wouldn't prepared business leaders large and small for the anticipate or eat errors he didn't do it that way no and so so yeah there's a mixed bag but he certainly does deserve credit for where we are unemployment wise this
is not about that this is easy above the law or is he not above the law if you want to say let me hold my nose we're gonna accept somebody that's supposedly above the law because the economy's going well we can do that and you know I would say to my Democratic friends out there I mean come on you can't pick somebody like Elizabeth Warren did you pick somebody that glib is a warm and he survives this impeachment inquiry and doesn't get removed from office which I predict you will meaning he'll get removed from office
absolutely believe that'll happen by March but let's say he was able to survive it because I get paid when I'm wrong all right I'm a money manager we could wrong a lot if he does survive it and they put up Elizabeth Warren he'll beat Elizabeth Warren no we just look at the polling numbers today give you a good example of that okay really I want to I want to be objective really quickly there's so much to dig into there but I want to ask you about the political action committee that you're reportedly starting what does
of January give us some UT Del's on that and what exactly are you how are you gonna do put the I put the paperwork together I'm in the process of raising the assets so I'll make an announcement early January number of assets that we've raised and where we're gonna target the thing I've been visiting to swing states a week for the last ten weeks I was in Ohio and Michigan I was in Saudi Arabia last week but the week prior to that I'm heading to Florida tomorrow afternoon and so I'm gonna do two swing states
a week there's 11 swing States and we're gonna specifically target primarily suburban voters to explain what the president is doing actually to their children okay you can't have somebody that's lawless at the top of the food chain supposed to be the number-one law enforcement official in the United States so there's many many layers I mean the bullying is one layer the cult-like behavior the repetitive lying all of this sort of stuff I think suburban women in particularly they don't really like it very much if you suppress that vote he loses the election and so for
me it's a very targeted and very surgical thing that I'm doing that hay investors sack Guzman here are you interested in learning more about the markets and getting the latest financial news well then click right here to subscribe to our Yahoo Finance youtube channel get the latest up-to-the-minute market analysis big interviews in the world of finance and information on how to manage your money every day wherever you are
