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Can Donald Trump Win the White House Without Raising $1 Billion
Kennedy: Absolutely Charles. He can. He doesn't need quite a billion dollars. He needs to reinforce his ground game. That's been his biggest weakness. As far as spending a bunch of money on political ads he can do that inexpensively and expect those to go viral. And at the same time the New York Times estimates 2 million in free media coverage. And he'll continue do so. He's been the most masterful presidential candidate we've seen at that. That doesn't replace a traditional presidential campaign fundraising but it is certainly enough that he doesn't need to raise a billion dollars.
Charlie Gasporino: I think he needs $500 million. It is still very difficult for him to do it. And yes Donald is masterful at using free media. But when you are in a presidential contest it is not like it is spread among 17 losers.
Gary Kaltbaum: No longer is Donald Trump running against Republicans. He's rubbing against the media darling Hillary Clinton. The media is going to go after him left and right. They are going to start blaming him for the Chicago fire and San Francisco earthquake. He's going to have to spend a billion if she spends a billion. Go back to '08. Johnny McCain made the mistake of not spending nearly as much as barrack Obama. Barack Obama spent -- he lost by a big margin. You have to go after it in a big way.
Adam Lashinsky: The reason we're having this conversation is the experts have been wrong about so much for so long in this election cycle. That said I think number one he will need as much money as possible. I agree with you Charles. And I agree with Kennedy. He's going need more than he says he needs. Number two, what he haven't said yet is his famous free media exposure. It is not going to be as good as it's been for the past six months.
Walmart Wage Rage Protesters in Chicago Demanding $15/Hour
Gary Kaltbaum: If you continue to pile on business owners, they are going react. You can't tell people costs are going up without any commensurate productivity gain. They are going let go of people. And here is if the shame. Somebody who will let hired at a lower wage will not get hired at the higher wage if they don't have the talent and all you do is end up screwing the people trying to get employed.
Adam Lashinsky: Fair to say corporate finance probably isn't their strong suit. They don't have any context for that $16 billion. That said employers, whether it is a McDonald's franchise or Wal-Mart. This could lead to wide spread inflation.
Kennedy: Walmart is one of the few places families can go and actually find a bargain. And it is so easy to demonize companies like Walmart and such a tired old song. This is a big push by public unions and all they want do and all these fight for 15 rallies are all about. This entire movement is set up by authoritarian unions who want total control over corporations and corporations are not angels in this.
Charlie Gasporino: Inflation really destroys poor people. As the working class kid and I remember the 1970s when you couldn't afford meat because inflation was going through the roof and you couldn't afford anything in the '70s. Couldn't afford gasoline. And that affects not just coverage people. It affects working class and poor people.
Report: Growing Number of Teens Refusing Summer Jobs
Charlie Gasporino: These aren't even Millennials. They're generally lazy, no good, dirty rotten kids, but these are entitled, even younger, so lazier than ever before. But there is a silver lining. There will be more jobs for others and they might have to boost the minimum wage.
Kennedy: There are a number of factors. If you look at places where there are minimum wage laws, teenagers and minorities are the last ones to get those jobs and when you see more of those laws passed in the country, younger people are going to suffer and traditional jobs aren't growing. The summer camps and other positions teens have taken in the past. They're not all lazy slackers. Most of them are. 47 percent. Unless they're doing educational programs, volunteering, trying to boost their college resume.
Gary Kaltbaum: I'll tell you, Charles, I'm worried. When I see thousands of these teens at these Bernie Sanders rallies and he's selling a clear lack of we're going to give you, don't worry about anything else. That the trend has been down for quite a while. The two words, rugged individualism, learning, educating from top to bottom, whether you're 15 or 16. I started working at the age of 14 for basically nothing.
Adam Lashinsky: I don't think there's any big political factor at play here. Helicoptering might be part of it. I don't know why these teenagers don't want to work. No one's going to buy them, they're not old enough to buy beer, but no one's going to give them beer or ice cream money.
Gary Kaltbaum: (SYY) SYSCO
Adam Lashinsky: (IWO) iShares