This is a rush transcript from "Your World," December 16, 2014. This copy may not be in its final form and may be updated.
NEIL CAVUTO, HOST: A terror attack killing 141 people in Pakistan. Now, most of them were kids -- a terrorist in Sydney targeting workers at a cafe, most of them just shoppers, Sony hackers promising to blow up theaters anywhere that dare run the comedy "The Interview," a silly movie that dared to mock a North Korean dictator, and a U.S. president these days more focused on how we torture too much and when it comes to the military how we spend too much.
Today, why the Donald says way too much, and here and only here, one of America's most successful businessmen says, Mr. President, wake up.
Welcome, everybody. I'm Neil Cavuto.
And their only sin, just showing up for school, and now 141 Pakistani kids are dead. The Taliban taking a bow, and Donald Trump loaded for bear, not only ready to unload on this president, but come as close as he ever has to maybe one-upping Jeb Bush and announcing he is running for president.
He joins me on the phone.
Donald, good to have you.
What do you make of all these crosscurrents, dangerous world, and we're kind of scaling back?
DONALD TRUMP, CHAIRMAN & CEO, TRUMP HOTELS & CASINO RESORTS: Well, it's almost like we're living, Neil, in medieval times.
You know, I would read years ago about the most vicious times in the history of the world, and you would see certain areas, but medieval times certainly seemed pretty much up there. And how are we different when there's beheadings all over the place, and all of the things that are going on?
Nothing could be worse or more vicious than the times we're living in right now. It doesn't get any worse, and certainly doesn't get any more vicious, I would say, would be probably the best word to describe it.
CAVUTO: I mean, you have said in the past, you know, Donald, that it's a world that is certainly unfriendly to Americans. You have learned that, abroad, many are unfriendly to American business, but this is a whole different beast, is it not? How do you deal with that? I mean, you have hinted about a run for president, but how would you change that?
TRUMP: Well, it's a world that doesn't really respect America any longer. They don't respect the United States. They don't respect the power of the United States.
And, certainly, they don't respect our president, our leadership. We are a country that is -- you know, it's just not there anymore. It's -- even if you look from an economic standpoint, China takes over the lead a few months ago, which I predicted a long time ago was going to happen. Who knew it was going to happen this soon?
You look at the fact is, we're a debtor nation, we owe $18 trillion, $18 trillion, a number that nobody thought even imaginable. We're a country that's in serious trouble. Our infrastructure is crumbling. We're just not respected. And maybe equally as important, our leader is not respected and not doing the job.
CAVUTO: You know, the market is down over 100 points today. It's about 800 in a little more than a week. What's going on?
TRUMP: Well, I think that this could be the final symptom. The world is not doing actually as badly as the United States in a lot of ways.
If the stock market goes down, then Obama is batting a perfect thousand, because that's the one element, that people could say well, look, the stock market is doing pretty well, but it's doing well for a lot of artificial reasons. It's doing well because of very low interest rates, artificially low interest rates.
Basically, it's free money, and even I -- I'm not a stock person, but a long time ago, about three years ago, when I saw what was happening with money, and certainly how little you get on C.D.s, I invested very heavily in the stock market. And I feel like a great genius.
But I sold a few months ago. I just said, I'm getting out because I don't have confidence in our leadership. And we will see what happens. When interest rates go up, it's going to be interesting to sees what happens with the stock market. But...
TRUMP: ... it's very troubled times.
CAVUTO: Go ahead.
TRUMP: And, you know, the one other thing that you have to say, Neil -- I listen to your program. I have great respect for you.
And, you know, you cover the business, although now you're getting more and more political, and that's fine, but you certainly cover it, and you certainly -- that the business is your thing. When you look at that artificially low, in the fives, unemployment rate, it's a joke.
The number really is 20 percent. It could even be higher than 20 percent. So many people have given up looking for jobs, and they're not counted in the numbers. And we say, oh, wow, unemployment went down a little bit. It's not down. It's up. It's probably higher than it has been in the last number of years.
CAVUTO: Yes, when you talk about the real unemployment rate.
But, you know, you mentioned something about how our markets are doing a second ago, but the Russian markets in really a tailspin. They just raised their interest rates to north of 17 percent, loan shark rates. It's done little to boost enthusiasm for either their currency or their markets.
And I'm wondering whether that is the next ticking time bomb and that Vladimir Putin is in trouble. What do we do if that's the case? Because a lot of Russian oligarchs, as you know, are big buyers of New York real estate.
CAVUTO: They have been -- they have underpinned lot of the buying here, a lot of his buddies. What happens?
TRUMP: Well, we have hurt Russia and we have done certain things that have really hurt Russia.
And I don't know. Is that a good thing or is that a bad thing? We will see what happens. He's wounded. And, you know, wounded people and wounded animals can do lots of strange things. And we better be a little bit careful.
It's one of those things. He's not somebody that respects President Obama. He doesn't like him and he doesn't respect him. And maybe the respect is much more important than the liking.
CAVUTO: Now, you said you got out of stocks. Are you dialing back on reals estate because of what's been happening, because it's been running up on and on and on and on and on?
TRUMP: Well, I don't know what's going to happen.
I'm looking at New York and I'm looking at everybody is building a building on every corner. And I'm sort of sitting back and waiting and watching, which is what I like to do. And I'm looking at buildings going up that I don't think are going to make it. We will see if that's true or not.
TRUMP: I hope I'm wrong, but I look at all of the buildings going up with the very cheap money. And it's going to be interesting to see whether or not there's Russians to buy the apartments or whether or not there's Chinese.
You know, China is -- China, frankly is so artificial. You know, they just keep lowering the value of their money. And it's amazing the way they have been able to control their currency and control their -- their success. But -- so I think China actually will continue to do pretty well, but it's not doing as well as it did do.
It's going to be very interesting to see who's going to come in and buy all these apartments that are being built.
CAVUTO: Yes, there are a lot of them.
I would like to get your thoughts on the dust-up in New York and the riots of late. I have had a lot of police union types here on this show who have been saying that mayor has, indeed, thrown them under the bus. Still another called him a nincompoop. What do you think?
TRUMP: Well, there's great animosity toward the mayor. And I see it all the time with the police.
I see it. I mean, the police are just at a point where they can't take it any longer. And a lot of the unions are feeling that way and, you know, it's becoming -- it's becoming...
CAVUTO: Well, do you think he's a nincompoop? Do you think he's an idiot?
TRUMP: Excuse me?
CAVUTO: Do you think he's a nincompoop?
TRUMP: No, I don't think that at all.
I think that he's just, you know, doing his thing. I mean, this is what he's been and this is what he represents. And this is where he's coming from. And I think the voters probably knew that.
Now, if you take a poll, it would be very interesting. There's a lot of people that probably would vote in favor of him, but I will say there's a lot of very harsh criticism and a lot of people that wouldn't. I don't know him. I have had no experience with him so far.
I promise you that I will report my experience as soon as I get there, but I really have not had experience with him so far. I just don't know him.
CAVUTO: You have hinted or teased another presidential run. Would you run whether Jeb Bush follows through and runs or not?
TRUMP: Well, first of all, I never said -- I never really announced at all that I was running.
I was leading in the polls last time, and I decided that maybe Romney or somebody else could do it, because I love what I'm doing more than anything else. I mean, I love what I'm doing.
But I think the last thing we need is another Bush. And he's looking like he's announcing. He's released 250,000 e-mails. What, are we children? You have to release your e-mails now in order to run for office? It sounds like a child. But the last thing...
CAVUTO: Well, but he's doing that in light of the Sony thing. He's doing that in light of the Sony thing, right?
TRUMP: What's that?
CAVUTO: He's doing that in light of the Sony thing and the e-mails and embarrassing things? Here are all my e-mails.
TRUMP: I don't think so. It's not in light of Sony. He's just doing it. He's announcing that he's releasing 250,000 e-mails. Who cares? I mean, what -- what are we doing? It sounds like almost child's play.
So, this is the problem we have with our...
CAVUTO: What if he dared you to release all -- what if he dared you to release all of your e-mails?
TRUMP: Well, I don't think I would want to do it, and I frankly do very few e-mails.
TRUMP: I'm a person that doesn't believe in e-mails because every time you write one, it ends up -- you end up being sued no matter what you say. You can say good things, bad things or indifferent things, and it ends up in court.
So, I'm somebody that's not a big believer in e-mails. That, I can tell you. In fact, I have been very successful by the fact that I don't have many e-mails.
TRUMP: I can guarantee one thing. He has 250,000 e-mails for a short period of time? I can tell you, Trump has very few, if any.
CAVUTO: If -- you're not obviously a big fan of his. If it's Jeb Bush...
TRUMP: I just -- I have had -- I have had it with the Bushes.
CAVUTO: Oh, I understand.
CAVUTO: But, I mean, you're saying if it was Jeb Bush challenging Hillary Clinton, who would you vote for?
TRUMP: Well, I don't want to say that. And...
CAVUTO: Oh, come on.
TRUMP: It's too early to say.
CAVUTO: Just between us. No one is listening.
TRUMP: I think Hillary has got her own problems, frankly, because it's going to be a big move on the left, in my opinion, that's going to do something interesting, and we will see what happens with Hillary.
But it's just so early and we're going to see what happens.
CAVUTO: It sounds to me, if you're not a fan of Jeb Bush...
TRUMP: Well, I'm not a fan of the job that his brother did at all.
TRUMP: I think his brother was a terrible president.
CAVUTO: And what about you? Are you serious...
TRUMP: And, look, I'm a Republican. I'm a very conservative guy.
CAVUTO: What are you going to do? Are you going to run, yes or no?
TRUMP: I'm giving it very, very serious thought. I can tell you that.
I am giving it very serious thought. I am not happy with what happened over the last -- beyond Obama. Obama's been a terrible president. But Bush, likewise, was a terrible president. And Bush gave us Obama, and Bush gave us Justice Roberts, who made Obamacare possible, because, frankly, Obamacare could have been ended if Bush's appointment voted against it, which everybody says he should have and every legal scholar said he should have.
What he did was disgraceful. Well, he was appointed by Bush, and a lot of bad things happened, including total destabilization virtually of the world.
Now, Obama's been no better. He's probably been worse. But we have two beauties there. So, I am not a fan of the Bush group.
CAVUTO: All right. We will watch closely.
Donald Trump, thank you very, very much.
TRUMP: OK. Thank you very much.
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