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Carney is getting his 'HEAD SQUEEZED' on this, Kevin O'Leary says

By Fox Business

Summary

Topics Covered

  • Greenland as a Strategic Acquisition
  • Venezuela's Oil Impact on Canadian Trade
  • Debunking Job Creation Claims
  • Affordability and Healthcare Dominate Midterms

Full Transcript

EARLIER, DATA CENTERS NEED BACKUP POWER.

STUART: THE TRUMP ADMINISTRATION CONSIDERING EACH RESIDENT OF GREENLAND UP TO ONE HUNDRED THOUSAND DOLLARS, THEY WANT TO PURCHASE THE ISLANDS.

KEVIN O'LEARY, YOU MAKE DEALS, IS THIS A GOOD DEAL FOR THE GREEN LENDERS?

$100,000 A POP?

KEVIN:THERE ARE 150,000 PEOPLE IN GREENLAND, MUCH AROUND CANGELOSI ACT, WHICH IS ONE OF THE LARGEST RUNWAYS ON EARTH.

IF HE GOT UP TO A MILLION A PERSON WHICH WOULD BE VERY CHEAP FOR THE DEPOSITS THAT ARE THERE, TRYING TO DO A

TRANSACTION, THIS ISN'T GOING TO HAPPEN.

IT'S A GREAT START TO NEGOTIATION FOR AN ECONOMIC ALLIANCE.

THE PLACE DOES NEED CAPITAL.

I WOULD BE TALKING MINIMUM AND BILSKI, THAT MINIMUM IF I'M GIVING UP MY SOVEREIGNTY.

I MIGHT ASK FOR 5 MILLION BUCKS.

DOESN'T MATTER.

PAY 50 TIMES THAT AMOUNT SO SEE WHERE IT GOES.

STUART: VENEZUELA'S OIL POSES A CHALLENGE TO CANADA'S OIL EXPORT.

WHAT IMPACT ON TRADE TALKS?

KEVIN:A VERY ASTUTE QUESTION.

THERE'S A MAJOR IMPACT IN THE MAYBE -- POLITICAL SCENE.

WHAT IS HAPPENING, THE HONEYMOON PERIOD IS ENDING, A 10 YEAR ECONOMIC COMA UNDER THE PREVIOUS ADMINISTRATION.

THERE'S NO DIVERSIFICATION, THE HEAVY OIL PRODUCTS.

AND WHERE THE VENEZUELAN OIL,

THEY HAD NEW LOWS LAST WEEK.

THEY WILL DIVERSIFY SOURCES.

ASIAN MARKETS, EUROPEAN MARKETS, GETTING HIS HEAD SQUEEZED AND THAT'S A GOOD THING.

AT THE END OF THE DAY IS BROUGHT IN AFTER THEY COOKED UP TO MOVE THIS AHEAD.

THE CANADIAN GDP IS COLLAPSED.

VENEZUELAN OIL, GOING INTO THE STRATEGIC RESERVE, THERE ARE SOME OIL REFINERIES.

IT WILL BE PUT THERE TO TOP OFF THE STRATEGIC RESERVE.

IN HISTORIC TIMES THE LAST 20 YEARS IN THE STRATEGIC RESERVES WHICH COULD BE TOPPING UP.

THE HEAD SQUEEZER UP NORTH, THE STRATEGIC RESERVE, WHAT HAPPENS

TO VENEZUELA, THE MOST ENTREPRENEURIAL OIL EXECUTIVE, CAROL HAMM, IN THE PE MARKETS,

2 BILLION CASH ON HAND, ASSET CLAIMS IN VENEZUELA.

STUART: THE PRESIDENT IS TOUTING JOBS CREATED UNDER HIS ADMINISTRATION.

>> President Trump: >> YOU CREATED 5 MILLION NEW JOBS ALREADY.

AND INHERITING THE ECONOMY.

IT'S NOT YOUR ECONOMY.

STUART: THEY ARE PRIVATE SECTOR JOBS.

THE GREATEST NUMBERS IN HISTORY.

THAT'S WHAT BIDEN DID.

I CAN COME UP WITH EMPLOYMENT NUMBERS THAT ARE SO GOOD, 2 MILLION PEOPLE NOW BUT YOU CAN'T MAKE OUR COUNTRY GREAT

THAT WAY.

THEY BECOME VENEZUELA.

STUART: WHAT DO YOU THINK?

ONLY GOOD JOBS ARE PRIVATE SECTOR JOBS AND GET OUT OF THE WAY OF THE GOVERNMENT?

KEVIN:ON A PRIVATE SECTOR GUY, 75% OF JOBS, SMALL BUSINESSES, FAMILY OWNED.

WHAT IS GOING ON MAKES SENSE, NOT JUST TRUMP TALKING, EMPLOYMENT REALLY MATTERS BUT SO DOES AFFORDABILITY AND HEALTHCARE COMING UP THE REAR.

EMPLOYMENT, WHICH HAS THE SPECTER OF A I.

MANTRA OF THE MIDTERM ELECTION IS AFFORDABILITY AND SOME KIND OF FIX TO WHAT'S GOING ON IN HEALTHCARE, CLAIMS COMING OUT REPUBLICANS IS THERE'S A LOT OF FRAUD IN IT AND THAT'S PROBABLY TRUE.

ONE WAY TO FIX THE PROBLEM IS GET RID OF THE FRAUD TO THE INSURED.

A LOT OF ACTION COMING.

I LOVE THE THEATER OF WASHINGTON.

STUART: IT IS A WONDERFU

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