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tv   Cavuto Coast to Coast  FOX Business  November 15, 2016 12:00pm-2:01pm EST

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>> dr. ben carson. stuart: he did not want and will not take a cabinet position in the new trump administration. we thought he was going to education, health and human services, not so. he does not want -- he has withdrawn from all cabinet positions. how about that? our time's up but, neil, it's yours. neil: thank you, stuart, very, very much. we are following that and what could have led to what seemed to have been a reversal on the part of dr. carson. we're following national campus walkout day. in my day, you just skipped class. they've attached a holiday to it, and the encouragement is to get out of class to protest the election of donald trump. connell mcshane has a lot more on what's going on because it is now country wide, i guess. >> reporter: it's been building up, neil, as you know. some high school kids even involved, but this national walkout is actually set, we've learned, for tomorrow. and from looking at the facebook page that's been set up from these groups of colleges, it
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look like they have more than 80 colleges already involved, and they're trying to add to that where they'll have people walking out of class protesting the election of trump, some on these protests from yesterday out in the l.a. area were talking about what they see as bigoted comments the president-elect had made during the campaign. in terms of an overarching political issue, there's no doubt that immigration is at the center of all of this and particularly the debate over sanctuary cities. the president-elect has promised to cut funding, and we look at a map of mayors on the coasts, get to the middle of the country in a moment. authorities may not enforce or cooperate fully with some of the immigration laws. minneapolis mayor's talked about this, betsy longs, where they have -- hodges, where they have an ordinance where they will not
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take any action for the sole purpose of finding undocumented immigrants. listen to rahm emanuel, the mayor of chicago, and what he had to say about it. >> to be clear about what chicago is, it always will be a sanctuary city to all those who are, after tuesday's election, very nervous, they're filled with anxiety. you are safe in chicago. you are secure this -- in chicago, and you are supported in chicago. >> reporter: talking to his, you know, base of latino residents in the city of chicago, and we've heard something similar from a number of mayors, neil, around the country. they are proud of their cities' status, and they want to maintain it. we'll see how big tomorrow gets. it looks like tomorrow may even be bigger than yesterday. neil: connell, thank you very much. i want you to step back and think about what mania emanuel and others -- mayor emanuel are
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saying, sanctuary cities are going to continue shielding people, that they will be protected at the local level even though they are here illegally. jessica tarlov is with us, deneen bo rely and gabby -- [inaudible] what do you think of this? >> you know, it's interesting to see, to consider what might change under a trump administration. donald trump campaigned on a promise to enforce law and order, to enforce the rule of law especially as it relates to immigration, and he talked often about the victims of illegal immigrant -- of crimes committed by illegal immigrants. i mean, kate steinle was somebody who he brought up often on the campaign trail and in his signature campaign rallies. so for these mayors to stand up and say under a trump administration local law enforcement authorities are not going to obey whatever immigration restrictions he puts in place, it's going to be interesting and something we
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should look forward to to see what the development is, what type of action can be taken by the administration perhaps legally to enforce these laws and to make sure that mayors are enforcing the immigration laws on the books. neil: yeah. you know, deneen, i'm remembering sheriff joe arpaio who lost re-election and how the weight of the federal world came down on him for trying to do his job and for trying to deport illegals in his community. and that was the weight of the administration using all federal levers to stop it. very different case here. >> well, it's pretty outrageous that you have individuals who are in leadership positions who are going against the law, basically. these are individuals who have broken the law. they're here in the country illegally, neil, and it's about citizens first, the safety and security of american citizens. there are way too many illegal immigrants in our country who have not only broken a law
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because they're here illegally, but there are an untold number of them who have committed crimes, and they should not be here. and be this is a platform that donald trump did run on, and it is about law and order, safety and security of american citizens first, and that's how it should be. neil: you know, jessica, it comes at a time when you have this national campus walkout, and young people are being urged, you know, skip class. state your beef with an incoming trump administration. what's going on here? >> i don't really know, and i'm about as liberal as they come, and i'm overeducated as well. i think this is a really bad idea, kind of reinforces, you know, a notion that the real world is all sunshine and ponies and rainbows, and it's not that way. i think it's important for teachers to spend time with the students talking about what happened in this election. the issues that won it for donald trump and why the democrats lost. and why that we have to compromise, frankly, with our fellow americans.
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so i think this kind of attitude towards it is dangerous. there are positive ways to protest, positive ways to voice your concerns. i don't see this as that. personally. what i'd like to say on the sanctuary ties fnt though, there'a distinction between what democrats are talking about in terms of enforcing the law and what donald trump said. so barack obama has deported 530,000 illegal immigrants who have committed crimes since 2013. what donald trump is doing that's different here is he's talking about people who are suspected of crimes, not convicted yet. and there's a big distinction there, and i think that's what a lot of democratses are talking about in terms of protecting these people. if you're just suspected of something -- neil: but how would you know? how would you know whether they're a criminal or not? in the local city, if they're being shielded, you could easily fall under that shield and not be fingered. >> i'm just saying there's a language issue that i think the democratses are reacting to harshly here. i do think we should enforce the law, and we need to understand the fact that people who supported donald trump did this
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because of his anti-illegal immigration platform. many americans support that, though over 60% support a pathway to -- >> where are the sanctuary cities for american citizens who have had their lives lost or their property destroyed because of people who are here illegally, jessica? this is about americans -- >> i don't disagree with you, deneen. >> -- and not going against the laws that we have on our books. it's about safety and security. >> i understand that, and i have tremendous sympathy, obviously, for anyone who's been a victim of a crime, especially from someone who shouldn't have been here in the first place. but i think that we run the risk of tarring the entire illegal immigrant population, 11 milon people who we all know cannot9 be deported. listen, we should look at vis a vis overstays -- visa overstays. that's the number one reason people are here illegally. neil: gabby, when i looked at this university of chicago plan to have this national campus walkout day, quoting here: so many of us are feeling scared
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and alone and still don't understand what donald trump's election means for both the future of our movement and our immediate economy and physical security. the surge in hateful violence and racial abuse sparked by trump's victory is terrifying. those same protests in cities like portland veered into riots by people who don't like the outcome of an election. whatever happened to suck it up if it doesn't go your way? deal with it? don't be a sore loser? quit whining. go back to class and do what you're supposed to do. >> right. well, neil, this is a trend that's happened at higher education institutions and has been for a long time. i mean, we saw the university of michigan this we school students a chance to play with coloring books and play-doh in order to cope with the election results. and i have to wonder if they would do the same thing if hillary clinton had emerged victorious in last tuesday's elections. neil: no.
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those guys would be, those guys would be anarchists. [laughter] deneen, my only worry is the message it's sending our young people. a number of high schools across the country are also having this ip day to make a statement thing, and one is in the washington area, there are many, many others in the silver spring area and los angeles. these are kids many of them, most of them, well under the age of 18, so someone is setting them up for this sort of thing as we look at a bunch of them in washington d.c. who? >> well, i do believe it is orchestrated. there are leftist organizations that are encouraging individuals to go out and protest and, neil, i've got to tell you, it is very concerning with our young people that are looking at this, that are leaving school, leaving classes to go out and protest. do they even know what they're protesting about? i'm thinking about the grandparents of these americans who landed on the beaches of normandy for our freedom, for our rights and to witness this going on with this younger generation, i find it just very
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disturbing, very outrageous. >> well, in defense of these people who are protesting, they feel that this is a lot this' outrageous and disturbing about donald trump's rhetoric of the last kind of 18 months. so this isn't just made up -- neil: so if there were trump protesters, if the election were reversed and they didn't like the rhetoric or actions of hillary clinton and then they had to live with her getting elected president of the united states, would you be as magnanimous? >> i think that i would be. i mean, i wish we were having a test of that right now, quite frankly. but, yes, i think that i would be -- neil: you're very young, but if i had -- [laughter] a child of this age and they were keen on these kind of protests, i would say you've got another couple hours til school is finished anyway, wait until then. >> oh, absolutely. i think parents should do that, i think that the schools should be doing that as well. it's important to understand your first amendment rights to make sure none of this gets violent, but also the importance of the power of the vote. we were talking earlier, neil, about the fact that i think 50%
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of the people participating in a protest in portland hadn't voted. if you don't. >> vote, you don't get -- if you don't vote, you don't get to cause a ruckus. neil: how ironic is that? they're croixing their own base -- destroying their own base. >> people take that for granted. you know, the blue wall is impenetrable, and look what's happened. the country's bright red. neil: all i'm saying and pointing out here is that whatever your beef, legitimate or otherwise, with an election you didn't like the consequences -- i'm not saying you -- the fact of the matter is we have to accept it. >> 100%. neil: fair and square, donald trump won. you might not like that, but you are pre-dooming him and proprotesting the actions of a president who hasn't even assumed audience. if republicans or conservatives had done that eight years ago, they'd rightly be called on the carpet. >> sure. >> no, you're absolutely right, neil. i totally agree. and now we've got the race card being played, it's being racist because people are pushing back
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against obama's failed policies which is outrageous. neil: guys, we'll monitor this very, very closely. i want to thank you all. but the you're skipping class for this, just wait a couple of hours until class is done. >> thank you. neil: in the meantime, we can confirm that ben carson, former presidential candidatevery close trump confidant, has taken himself out of the running for any position in the trump cabinet. we're not told what positions he was considered for, but education likely would have been one of them. but bottom line, he's not interested. keep in mind he's a neurosurgeon and a lot of money when he was doing that, and it might be just an opportunity to get spank into the -- back into the previous sphere again. bottom line, dr. ben carson is not interested in a cabinet position under a president trump. we'll see. all right, meanwhile we're taking a look at the dow, we're taking a look at interest rates, and we're taking a look at talk that a tax cut plan out of the trump administration to be might
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be delayed a little bit be, at least for individuals. steve forbes on that after this. ♪ ♪
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♪ ♪ neil: all right. sometimes all we're going on is rumor and innuendo when the republican house leadership was meeting with reporters a short time ago, questions came up about what would be their primary targets in the first hundred days of a trump administration. they kind of danced around this idea whether tax cuts would be among them or at least the individual tax rate cuts that president-elect trump has outlined, that they might push that back in favor of corporate, investment-related tax cuts. i wonder what steve forbes makes of that. steve, the they're delaying that -- if they're delaying that for individuals, wouldn't that
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delay the economic bounce that they want to see? >> yes. it's a loser both economically and politically. you don't just give tax cuts to business, good though that may be, you've got to do it across the boards, both sides. both need it, and there are very good ways to reduce tax rates and increase exemptions especially for people with lower incomes, increase the earned income tax credit. they should make it a package. they've had plenty of time to combine the two, and i would hope in the next few weeks they can do it. i've got a book outlining how you can do it, so let's move on it and stop this talk of business first, people second. neil: you're one of the best minds on this subject whether people agree or disagree, i would want to hear you out on this issue. has anyone from the trump administration or the transition team talked fro you about -- talked to you about, steve, how do you think we should go about this? >> no, but i'm never shy about making my views known, so i'll be sending over online and elsewhere recommendations both
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to them and can to the house of representatives. there's no reason why you can't do a comprehensive tax package. reagan did it in '81 -- neil: oh yeah, i think time is of the essence. president bush discovered that, ronald reagan, of course, in his first year. you do it then or you don't do it at all, which leads me to believe if this stuff is true -- and it might not be -- that maybe this is not a top purity, and you would think it is. -- top priority, and i think it is. >> you've got to do two big things right out of the chute. one is, of course, health care, get a new system in place, get more power in the hands of patient bees those good things. -- patients and those good things. there are a variety of ways to do it, they should know what to do. and on the tax side, get a big tax cut through. you get those two things and get the fed to behave itself, and you'll start to see the economy grow, and that creates political capital to do other things. gotta get that economy moving and people feeling it right away. neil: you know, the markets seem to sense that maybe we will see that.
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these latest rumors notwithstanding. and we've had a big, dramatic backup in interest rates, a little less so today with the ten-year note, but even 30-year mortgages fetching now about 4%. you and i can remember when they were much higher, of course, but obviously the markets are anticipating more economic opportunity if not more inflation. are they right? >> i'm not sure about the inflation part, but the economic growth part and getting the credit markets functioning again, yes. the numbers are out there that loans to especially small and new businesses, middle and lower income households, way down from what it should be as a proportion of credit. so you get the credit markets moving, that's virtuous. you get more economic activity, more business starts, you take care of health care and taxes and, boom, we've got a boom on our hands. w would that be after, what, 500 years? neil: yeah, well, a rising economic tide lifts all the boats. steve forbes, thank you very much. >> thank you, neil.
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neil: all right. you know, donald trump has promised to come down hard on companies that ship jobs overseas. remember when he went after ford for making these small cars in mexico? now he's president-elect and soon to be president of the united states. he is ready to take action. ♪ ♪ >> what does the ford ceo think? next. ♪ ♪
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>> what will you do specifically if trump wins the election? will you change your business model? if he does put a 35% tariff on cars. >> well, it's a big hypothetical question, and, you know, right now we're running the business for the long term. as always, we look at the business environment on a continuous basis, and if we see the business environment change, clearly, we're going to have to understand what that means for our business. but, you know, it's a big hypothetical. let's get through november 8th, and let's see who wins, and then we'll go from there. neil: all right, well, now we know, don't we?
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the ford ceo is going to have to make do with a president donald trump. jeff flock with the details and the reaction from ford's ceo, mark fields, now. hi, jeff. >> reporter: so let's go from there, neil says, you say. what are we now? we're at the l.a. automobile show. [laughter] >> reporter: so plans have drastically changed. did you vote for him, by the way, donald trump? >> my vote stays private. >> reporter: where have we heard that before. have you changed anything in terms of moving small car production to mexico as a result of the election of donald trump? >> no. just like we're making investments in mexico and moving our focus down there, or our plans haven't changed to introduce two, two very important products into the plant that the focus is moving out of. >> reporter: and that's an important point. we can put up the numbers on how many jobs you've created here. we have graphics that show, you know, you've spent a lot of money in creating jobs in the u.s.
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you're going to replace the jobs at those plants with new vehicles. >> correct. zero impact on jobs. we've created over 28,000 jobs, jeff, since 2011, and we've invested over $12 billion. we are the largest manufacturer of vehicles in the country and the largest employers of hourly workers in the car industry. >> reporter: i was going to say, we've got those numbers too, and you have outstripped gm. you have more people employed u.s. than they do. >> absolutely. listen, we're a multi-national company, but our home is here in the u.s. in north america the majority of our capital expenditures, our research is done here. and just like we're investing in mexico, we've been there for 90 years, we're investing here in the u.s. >> reporter: but riddle me this: if you get a 5% tariff -- 35% tariff put on imports into the u.s., do you have to change your plan? >> now that the election is over, president-elect trump as well as the newly-elected congress is going to focus on governing, and i have a lot of hope that at the end of day but
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all share the right policies put in place, because we all share the same goal. we want a healthy and vibrant u.s. economy. >> reporter: obviously, nafta, tremendously complex. it kind of got dumbed down in the elections right? >> well, nafta's been very good for the hemisphere versus other parts of the hemisphere. and when you look at nafta, you look at the production and the supply chains, they're deeply integrated between the three countries, and they support a lot of american jobs. >> reporter: other stuff. trump presidency in terms of impact. stock market's gone crazy. is it positive for the auto industry? >> i think it's always positive when investors feel encourageed. we'll have to see the policies that are put in place. from our standpoint, we're going to continue to advocate currency rules but also -- >> reporter: he said currency manipulator, labeled china. you support that. >> we believe in free and fair trade. and also at the same time, we're advocating for fuel economy market realities. >> reporter: he's more
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sympathetic to that than the administration you've got now. >> we'll have to see. what he says on the campaign trail seemed to go in that direction. but we want to be consistent as a company. >> reporter: speaking of fuel economy, fuel prices, low. you sell big, expensive cars now. donald trump figures to help that, right? i mean, drill, baby, drill. >> well, we'll see what policies come out. but, you know, right now when you look at supply and demand, the prices are low. but even with prices low, consumers have short memories. they want great fuel economy, and that's what we're aiming to do. >> reporter: last point. you unveiled a big new vehicle last night, ford echo sport. it was dj khalid -- >> you pronounced his name right! >> reporter: my daughters know who this is. this vehicle is a global car, it's going to be built in india primarily. >> yeah. it's been on the market for a number of years. it's very successful. we're going to import it in from india, and it's just like what
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we do, for example, in chicago with our explorer. we export to over a hundred nations. >> reporter: he hit you so hard on the campaign trail. didn't hit gm. other people build cars in the mexico, right? do you feel like you got a raw deal there? >> listen, the election is over. listen, at the end of the day, i think ford should be held up as an example, a company that is always innovating, a company that didn't take pax payer -- taxpayer assistance, always looking toward the future, and we'll just continue that going forward. >> reporter: speaking of the future, i'll leave you with this, neil, take a look at this. this is something that ford has just come up with. this goes in the back of your car. it's called the carey, and when you get where you're going, you stand on this thing, and it carries you somewhere else that you couldn't go in your car, right? >> this is all about personal mobility, right? we have our great cars and trucks, but when you're in the city and you want to go the last mile, how about having something that will allow you to get
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through that and park your car? >> reporter: and, neil, i would give about a week's pay to see you drive around on this little vehicle right here. week's pay. not much for you, but -- neil: it looks like a roomba, a vacuum. i could be wrong. >> reporter: neil says it looks like the vacuum. >> well, it comes in a platinum version too. >> reporter: for neil. neil: i am impressed. thank you both very, very much. by the way, as if to rub salt in the wound, the 45th president of the united states, when he assumes office, is going to be riding in a reconfigured presidential limousine called "the beast." it's a cadillac. it's made by gm. it's your by gm. or totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance.
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>> president-elect trump tapped into that particular string in the republican party and was able to broaden that did not and get enough votes to win the election. neil: albright. the president still refusing to take any blame for what happened for democrats and missing last week's presidential election. republican robert emily zeldin in new york. what do you think of that? >> it's unfortunate during the press conference today that he gotten into a narrative talking
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about the fear as if americans made an uninformed emotional decision to make donald trump the next president of the united states because president obama has a great opportunity to assist in a transition visiting our allies like greece, germany, peru. he can actually help the president-elect launches term or successfully if he can stay away from the commentary on politics that took place last tuesday. that is not native for the conference. neil: to be fair, i think it's been very mag mms and handle administrative pastor release feeding him because there goes a lot of his legacy. i just find it odd that in a foreign venue and he was no stranger when athos donald trump, but i think what the american people repudiated besides hillary clinton last week were a lot of policies he said were hunky-dory for the american people.
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obviously, many of them disagree. so he didn't team yesterday and again today on foreign soil to get that. >> he has been magnanimous in his remarks at resident elect in the oval office during parts of his white house press conference. even during parts of his press conference in greece today, he has been using words that can help assist with the transition. they are going through a really tough times and we need to focus on these issues whether it's a way of refugee policy and inefficient public work force, corruption, tax evasion. this is what greece needs to focus on for themselves or with the help of their allies in europe and the rest of the world. >> that is a president obama can be assisting the president-elect because he goes to germany, peru and sits down with vladimir putin and talk to syria. that is really where the
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magnanimous president obama can actually help the next president. >> we shall see. congressman commit to very much. you probably know by now the republican house leadership has been formed and packaged and ready to go. speaker ryan will continue a speaker. all key committee assignments they sat in a. the democrats, nancy pelosi possibly being their leader. they delete it may be significantly. issue really to lead them this go around? travel in the democrat party after this. what time is it? it's go time. come on. let's go, let's go, let's go. woooo hoooo!! yeah!! i feel like i went to bed an hour ago. i'll make the cocoa. get a great offer on the car of your grown-up dreams at the mercedes-benz winter event. it's the look on their faces that make it all worthwhile.
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neil: you heard about ben carson taking himself out of the running for a cabinet position. maybe didn't like what he was offered. we do know rudy giuliani is interested in being secretary of data. reduce the amount -- know some
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other names that have cropped up here at gasparino, what are you hearing? >> here's a think of the chunk of that process is moving target. none of these names are set in stone. but i can tell you the report we did last week on the show was pretty much on. rudy giuliani, the former mayor of new york city and a close adviser to donald trump definitely wants the job as secretary of state as we reported in the question is for mr. tom, the president-elect of point that and that is silly? their other good choices. john bolton, former u.s. ambassador to the u.n. is one of those choices and there will be more. we should point out that the final decision is trump's advisers to him clearly think rudy giuliani would be a better ag or homeland security commissioner secretary because that is where his skills than sorry. he was the mayor of new york
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during 9/11 but law enforcement is valley with a former u.s. attorney for the district and remains against the mob and corruption in new york city. that is kind of where his advisers are. obviously it is up to trump and he owes rudy. rudy has stepped up for him. when it looked pretty dark out there, there was one guy when most tapes came out, the billy bush tapes, he owes them and that is the sort of wild card here. a couple other things out there. stephen nugent as we reported still annoyed for treasury secretary, the former goldman sachs partner. he ran donald trump's campaign finances during the campaign. wilbur ross, commerce secretary, still considered a key choice they are. he's a billionaire. a good friend of mine when john
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bolton was the u.s. ambassador to the u.n. from what i understand that the position in that job. as i always say, it is not over until it's over. this is a moving target. neil: he was obviously interested in a front runner for the secretary of state position. if giuliani wants it, what happens to him? >> good question. you can make an assistant secretary to do it for a couple years. if you look at experience wise, bolton has that ambassador experience in foreign affairs. rudy really doesn't. one thing that is a negative against john bolton as he was very much for the iraq wars. trump ran against that a lot during the campaign. interventionism is not something donald trump embraced during the campaign. quite the opposite.
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maybe that's a negative on john bolton. rudy giuliani doesn't strike me as a non-interventionist type guy. so that will be really interesting. i don't know. i can tell you mayor giuliani wants. donald trump owes him. donald trump's advisers with foreign policy experience and rudy could take ag, but the decision is up to the guy that won the whole thing. neil: thank you, charlie gasparino. a week ago today history was made with donald trump on a pretty comfortable at electoral vote win. but he didn't win the popular vote. many say that publication and the like to say that while our candidate won the popular vote and that could widen the gap with more california votes come in. what he makes of that. that assumes, by the way if we win a popular vote election, the
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results would be different. i think they would be different, but we don't have the popular vote election. we have 50 mini elections. in the end, democrats ares. what do you think? >> it's true. donald trump had to go to the popular vote, he might time in different states. more new york city trying to get folks from queens or maybe northern california. instead he's going up to the puzzle map of the electoral college and the reason we have that is twofold. it can be complicated because he broken down for the founders were afraid of a small group of people in washington or congress deciding things and being prone to factionalism and also afraid of 51% of the nation electing someone so maybe philadelphia, boston, new york, be in charge of the entire country but no interest in the rural which were virginia and places like north carolina or nevada or iowa where candidates are forced to compete
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even though they don't have the biggest populations. neil: is interesting if it went the popular vote route the republican would run instead click access. if you're donald trump you might try to run the new york city to your point. but you fight a very different election. i guess i'm curious right now looking at the landscape, is it fair to say this is something that could happen more often than we think? in 2000 of course the democrat is poised to win the popular vote because the concentration of democratic voters in states like california, new york where he gets the run of the total while the republicans might have a better shot at picking off some battleground states, maybe some of these smaller states and cuddling together the votes he or she would need to win the electoral vote. >> yeah, that was one of the things we saw the popular vote kind of change at the end of the
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night in the early morning because in california it doesn't matter to him all trump wins 5% or 49%, does both will go to hillary clinton. people kind of put that aside. i think americans who may be calling out for change in the electoral college should consider their representation in if they want candidates to campaign in their state and represent a diversity of entries and if those diversity of interests and the difference dates are healthier for the republic or as the founders feared they want the candidates just to have a couple major population centers. the whole point here is to disperse a little bit and give power to states and keep it away from washington or keep it away from the population centers. to your point of donald trump had spent some time in texas he could have wrapped up a title for himself against hillary clinton. neil: that is that they are seizing on today. thank you very much. it's always risky to say this is perfunctory, but the gop is ready to decide on the leadership in a matter of
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minutes and seen speaker ryan for the time being is unopposed. most don't expect anything a surprise this year. what's interesting is that democrats have put off their vote. they might have problems in the party and maybe the problem could be with nancy pelosi. maybe they need fresh blood, new leadership, new thinking, a new approach to getting out to and arguing the cause which you'll see. meanwhile, the debate on the affordable care act better known as obamacare is heating up including on this network. >> i need someone to come on the show until the best reason. >> who comes if ceos come on the show. >> who cares ♪
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>> you made up the fact obamacare has cause job loss. there is no evidence. >> there is 100% evidence. all i need our tendency is to come on the show and some of that's the reason. >> who cares if some ceo comes on the show and tells you that. look at the data. maria, the last five years that premium has been the slowest in measured history. that is a fact. you can ring of ceos who want to give example does. listeners really want to know the truth. i urge you to look at the facts. >> we want people who are getting affected by the loss. not someone in their ivory tower telling us what it should be. neil: well, obviously whether you get the affordable character not you have a private plan in one of the things he's saying is it's being gauged. that is like saying if i had an extra salad i would be two pounds lighter.
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it is conjecture and that's assuming ballots are good for you, but i digress. anyway, the argument just doesn't bear out. gerri willis with the latest obamacare type checking. bottom line is cost a bundle a lot more than people thought. >> it costs a lot of money. but so you don't care about people who get employer-sponsored coverage. those premiums raised 3% faster than inflation. last year since 20 and 11 you don't care about that. let's talk about obamacare and the unmitigated disaster that is obamacare. we've had the nations most deep-pocketed insurers,.com united health group, humana all have fled these exchanges because they can't make money. if they can't ke it work these are the companies of the brightest minds in the most people and that didn't work. let's look at premium hikes. this year 2017 people are signing up for right now. the average premium hikes 25%.
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an arizona 116%. oklahoma 69. tennessee 63. minnesota 59%. this is unaffordable. this doesn't work for american families and particularly people targeted for obamacare and the people who are working, will have trouble getting coverage. this is a nonstarter. the other thing you need to understand is there are simply fewer options out there. 31% of counties will have one marketplace in 2017 were sort of put the lie to the idea this is a marketplace. this is no marketplace. this is the government telling you to buy certain insurance policy and a few daughter going to pay 2.5%, 3.3% on your income as a fine or a tax. this just isn't working. sylvia burwell harangues hhs said monday obamacare is woven into the fabric of the country. that is true. it is very deeply embedded. that doesn't mean it's working. it doesn't mean it's right.
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it doesn't mean it's a good program. pulling it away, fixing that can change that dramatically. i can imagine that something trump is not going to want to do. neil: when we talk about the premium back and forth, the deductibles have gone way up. if you have a $5000 to do to blow up $8000 to duck boat along with premiums, you obviously way.and your coverage in the decision because you keep your overall costs down. again, you are such enough for deductibles through the roof. >> this is unaffordable for so many americans. as i told you yesterday we are hearing people taking all kinds of wild things to pay this. they are taking out second mortgages on their homes.
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there's an investment, improvement to the house. putting our house on the line to pay for health care this year. it makes no sense. you could have to sit down and talk to real people in the program and understand how it's working and how it's really not working. clearly maria nailed it here that mr. gruber is in an ivory tower. neil: when you're trying to justify the increase is something that would've been a lot higher, we don't now. just like we were talking about the popular vote. it could have gone one way. we don't know. there's a lot of suspicions both ways. that is to prove a negative. very confusing. thank you very much. neil: they are not even old engh to vote. some of them are out there protesting anyway. an election in which they weren't a part.
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neil: minneapolis betsy hodges at chicago mayor rahm emanuel fighting to keep their sanctuary cities even though the president of the united states could threaten withholding federal funding for them and in the case of those cities could amount to anywhere from 4% to 15% of their budget to trump immigration transition team. chris, good to have you. obviously, what they are saying is we don't care. we are going to stand by this and protect no vehicles, even though the message they are sending is that they will still protect illegals over protecting the rights illegals, right? >> yeah, it is pretty outrageous. i mean, they are putting u.s.
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citizens and aliens who are here legally at risk. how many people have to die in sanctuary cities because the illegal alien criminal was sheltered before the cities change? katie sang the case last year, the family members in 2000 in san francisco in many other cases less notable spread all over the country. it is a real threat to the safety of citizens. it is also illegal. 20 years ago in 1996, congress passed a law making fincher is it is a legal. neil: to secretary state of kansas, how do you get away with that? the law of the land is just flagrantly turn their nose. >> yeah, the law didn't impose a mandatory hammer that penalizes the city. it is pretty outrageous. they get the violate some city
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ordinance with your house or fence around your yard, they will come down on you like a ton of tricks and fine you the same city as defined better luck if they make you doubt me. there will be a new sheriff in town. there'll be an attitude of we will withhold federal funds that are withhold the bull. neil: i'm sorry, sir. but i would imagine that would hold up in court. you can't look the other way. this administration legally could. it is as if some democrats want to exist by don was president trump to say republicans are racist, republicans are being unfair. republicans are building up these large forces to gestapo like throw people out of this country. how should republicans come at the new white house respond to that? >> that may just say first you mentioned it would hold up in
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court. if certainly blood and already has. in the late 90s, new york's a challenge that federal statute that outlaw sanctuary cities. new york city lost in the court of appeals. neil: that didn't change one darn thing. >> exactly. they lost in court and they didn't change a thing. now you are going to see a president who made an important part of his campaign talking about the big guns of illegal alien criminals and some of those were in sanctuary 80s. to see them taking a okay, you're not getting a free ride anymore. you can see that the federal trough with impunity when you're breaking federal law. i think it is going to be really refreshing for those of us who don't like paying our tax dollars to a city that's breaking the law. neil: your bodies have become more protests around the country, largely in the first wave high school students. don't tell me they were put up by somebody.
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i don't think they think this way. they are protesting this whole move on the part of what they fear donald trump would do to crack down on the sanctuary cities. they are sending a message that illegals have rights, but they don't have right. >> this is a country built on the bull of law. that's why people have been coming to america for the past 200 years. in america, the law applies everywhere equally. you don't have to pay off the local constable to start a business to keep it running. the notion of the high school students don't even see how important the rule of law is an suggest to me they haven't been taught very well or were listening in class. neil: it is amazing. secretary of state are integral in helping donald trump as he gets ready to start his administration. all these protests i want to bring in the house leadership elections going on as we speak.
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they are expected to be rather perfunctory. not so much on the democratic side where they delayed their own election. i want to get to read them that house caucus member winning reelection. congressman, good to have you. >> good to be back. >> it sounds like a lot of the press attention during the campaign among republicans seems to be settled by zero attention. that is quite another matter. what you make of the odd turn of events. >> we have to think that there is an effort to remove nancy pelosi. she has led that caucus over there for a long time. so now they've devastated the election when they have all the tools in anticipation is doing through and pick up significant reason the house. they failed to do that and i say that as a reflection that the
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last-minute announcement they would delay this leadership votes. on the republican side, it seems considerably as they are today. neil: there was talk that the freedom caucus or other members would try to put up the challenger. speaker ryan did not appear to be the case and buy guns for buy guns for by guns and he brings paul martin today who was singing donald trump's praises as he talks to him everyday since the election. are they copacetic now? how would you describe it? >> i would say i think people are reflecting on this. donald trump reached out to paul ryan bradway after the election. they've been in dialogue at least once a day, sometimes more than that of everyday since the election. when donald trump name reince priebus as his chief of staff, the message is he wants to work with paul ryan a speaker, the
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linkage back through wisconsin into their personal friendship has a strong message to house republicans. if the president elect of the united states has made his commitment to work with this leadership team that we need to continue our commitment to work with the president-elect in this leadership team to lineup the trump agenda and go with the no huddle offense here come january january 3rd. neil: i noticed that the leadership has been a similar key point and that of steve bannon appeared no one in your party that i know of in the higher-ups like yourself has talked about that where you're saying this is fine, you can do with it. >> there's a couple different ways to interpret that. one is to donald trump reach in and select reince priebus because he wants somebody that can do the nuts and bolts from the day-to-day operations, make
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the trains run on time and connect with the speaker of the house and function of government at the capitol. that's a big part of the decision. also having steve bannon as chief strategist is just terrific. the people who know him and i'm one of them and count them as a good friend and admire his intellect cannot his intellect, pitcher justin, history. he and i worked together for years in earlier years of the introvert part. i know steve bannon for a long time. i watch how he thinks. i'm impressed and i think it's in the perfect choice as chief strategist. not bogged down by the nuts and bolts. he's the guy that's creating and generating an empowered to strategy from the white house that is coherent, principal, constitutional and conservative. neil: you are the only one in leadership is taught about that instead that. many would agree with you. i wonder are they just hoping steve goes away or that this
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issue gets lost in future cabinet appointments are not sort of stuff. >> well, i just don't think they know him that well. the circles that he travels in and the places i've seen steve bannon, he's been in the trenches working away but he hasn't reached out and make relationships across the hill. i think they just need to get to know him. of course we are watching the left now launch an assault on steve bannon and do critical thinking on him, picking up close and things and trying to embellish that and get america energized. this is donald trump's decision. he is the person who was a general behind the scenes on this whole campaign. i'm glad this decision is made and which got a real strategist says the chief strategist in the white house. >> i don't remember to your .8 years ago republicans making a stink out of who barack obama chose as chief of staff for key insiders in many that were an
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anathema to a lot of you guys. i guess that's good for the goose isn't necessarily good for the gander. >> it is not republican's stock in trade to play the race card, the white supremacist card. the democrats have been into this name-calling and disparagement for way too long. but they face now is the backlash for playing that hand and second in all americans together and third being patriots that adhere to the original understanding of the constitution. all of that can, and i'm accelerated about the opportunity. neil: good to chat with you. thank you very much. but democrats are delay in their vote, their leadership vote and that is within the party or maybe nancy pelosi going on or maybe they find her revolting. like berman with the latest there. >> hi there, neil. the leadership election for the democrats now have been delayed
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for two weeks. they were supposed to be at the end of the week and we are told it will be at the end of the month. all of this bring an end to the forefront what exactly happens here to nancy pelosi might should not be the leader of house democrats by the end of this month. as you know, pelosi has been in charge of democrats and the house for the better portion of a decade that this was her earlier this afternoon being pressed by reporters. losey told her conference house democrats, quote, we've been through speaking of the election and now the focus, which before the election was on paul ryan, how might he survive, that goes to pelosi. one name possibly emerging as a challenger is tim ryan, a democrat of ohio on the house appropriations committee house budget committee. take a listen to ryan, what he said about the future of democrats in their party and democrats in the house. the
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>> we got our kicked and we need to move forward. you can't do that without having a discussion. we all have family discussions we don't want to have. we put them off for months and weeks and years and sometimes never have been. we need to have this one because there will be opportunity in 2018. >> said nevermind, they say a picture says a thousand words or whatever they say. take a look at this. this is a picture today from the gop conference. the meeting there with paul ryan. you can see all those red hats. you know what they say on the front of those red hat. quite a different mood on the republican side talking about their being kicked on the democratic side. neil: thank you very much, buddy. in the meantime, do you ever notice these guys to come to watch upside down mother that she parties, for all i know the trump so. watching them does some income it the life out of them.
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it takes all the great ideas and just makes it homogenous, makes them like little androids, robo? after this.
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neil: did anybody ever see the movie, that jimmy stuart -- he's just not by the process and mound and eventually worn down by politics as usual in
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the campaigning and governing a two different things. to the president point, a lot of the biggest ideas can fall for him. obviously, the trump transition team is trying to avoid all that. the gop donor city said for self-governance president. sorry, i apologize for my item. from the freedom works if, this idea that the city takes it out of you, about it yet, would he make of that? >> i think that's why if you go back to the original tea party movement is about being fiscally conservative. in 2010 when all these folks came to town pledging we are going to be fiscally conservative and it didn't happen. that's why you see the next generation of the movement for it's not just fiscally conservative, but train the whole swamp.
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you have to pick out the entire ecosystem in the area that keeps perpetuating what washington is. neil: judy. >> on the campaign trail, strong rhetoric for a candidate is easy. it's when you actually when getting stuff done all these issues become more complicated and that's when you need to compromise and work with racial interest groups, with the other party, with the opposition to get legislation passed and get things done. neil: there's always the risk that the passionate basic.she returned to face the world you only altered a little good. the trend to become what i call vanilla eyes. i don't know if that's such a good thing and i don't know what to make that happen. the reality is working with the other side, but still having that passion. these guys get worn down in the process. >> neil, i don't think that will happen to mr. trump.
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if anything, mr. trump will wear down the establishment when he gets to washington. he's got a great balance. he's got obviously steve bannon is the visionary. nobody has a better pulse on what the american people want, which is smaller government. neil: i agree with you that got to go with guns blazing. the mainstream media, the pundits official washington make bannon the focus of their attacks, changed the change agent. get rid of the change agent to the point you are going to mock the change. >> that is where you had the great balance with reince priebus. obviously you've got to be part to go. i think that is where you see a lot of mr. trump the ceo. he takes a lot of input, a lot of diverse opinions along with his family who he trusts
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immensely and they give him outstanding council. he makes great decisions whether that was taking governor pence as his vice presidential pick when there is a lot of other rumored people or whether that was picking reince priebus to be the chief of staff. neil: when i look at this and i hope he's right. you follow what the passion of the campaign and the surprising that jury and what you were sent there to do. my worry, add-on, is that when i hear someone describe what the president did with donald trump, is not an ideologue on his pragmatic good that might well be the case. but the sentiment the president is standing to seek and be kind of molded to turn up out the way we want. >> the most important branch of government going forward is going to be the house freedom caucus. you had a member in a few minutes ago. those are the true fiscal conservatives who came to washington. they are the legacy of the tea party movement of wanted to
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actually get the fiscal restraint and take the budget seriously and they're not that interested in the cocktail party circuit. i think what they are going to do as they are going to shepherd through mr. trump's policies through congress and the something happened to mr. trump started going away from what got him to washington, they are the folks that will keep them on track. if i was going to pick one group that's the most influential to get that agenda, to drain the swamp, it's going to be the house freedom caucus. neil: that is a tall order because you don't want to be resistant to not get anything done. but at the same time you want tr stuff done. how aggressively should donald trump goes to do that? >> well, in this case being a political out writer might actually help them. you might not be as worn down by the so-called washington machine as soon as he takes office. but he will find in the president of the trump
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organization is a lot different than being the president of the united states. when you run a business you can say build this building, boom, boom, you're fired in nepal. president of the u.s. is to really work with the other side in order to get results. neil: will watch closely, but it happens all the time. i don't know what it is about that video. they just become robots. hopefully doesn't have been. thanks, guys. we shall see if they said it meanwhile, look at the stock market. the dow running day after day all-time high as third of relief right now. all coming back a little bit. tech stocks are still having a hard time. why is that? they are blaming donald trump may be for all the right reasons. i'll explain.
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neil: tech stocks are trying to crawl back a little bit. losing 10% to 20% on the stock since the election of donald trump. what to make of that phenomenon weather is the start of the turnaround for those levels or is it just still scared of a president donald trump and what he might mean for trade wars and the light and you know the drill. the chairman on not what to make of this. what do you think? >> there's a couple components. let's not take for granted with the tech stocks made a lot of money. a lot of that money moved out of tech stocks into stocks like caterpillar a paper sack. i think part of it has to do is just money movement. if you look at the banks doing rather well, financials doing
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rather well. part of it's money. the other part of it i think jeff brings those does have concerns that mr. trump's been verbal about antitrust issues. but when it comes to this whole business, give me a break. i mean, we are in a trade work. i hate to break it to everybody. you want to talk about mercantilism. the chinese to quote donald trump had been ripping us off. he made a promise to the american people that he was going to go back and renegotiate these deals. isn't it interesting about these people say smoot-hawley and will end up in a trade war and the great depression, your president needs out in mexico in prime minister trudeau singing let's get together and talk about renegotiating. neil: i'll tell you -- i tell people the same thing. we were in a trade war. whether in china are not. that is a trade war. you might not like it.
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it might not be what you think in terms that tariffs are taxes on a good, but the fact of the matter is trade wars, manipulation. he pointed out some interesting throughout the campaign, the threat of taking action. sometimes that might be all you need to get the other side to the table. ronald reagan did that with his defense shield that got oppressions to the table. >> no doubt. barack obama did it. the church of 35% terrified chinese tires coming into america. china retaliated with chicken and auto parts. we took it to the world trade organization and guess what. we got it straightened out. the prices came back down. here's the point. if you look in china right now, look at the language firm she's champagne and blue king. who's got the best interest of our country is at heart.
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they are very cute dilatory in the language. and so, for all these people streaming trade wars, all these he leaders that these major countries say mr. trump let sit down and talk. now they are going to be talking to a group of people that know how to negotiate trade deals. when i heard that dan d'amico, who was a famous steel guide and understand national trade with part of the trump advisory committee and the transition, i will tell you, i can't wait to see the likes of carl icahn and donald trump and some of these other fellows go and say look, it is best for both our countries to work these things out, but we are going to have good, solid trade deals. you are not going to manipulate their currency or steal intellectual properties. you are not going to steal aluminum and our markets must want the same treatment in reverse. i think you are right. just the threat of it, just knowing donald trump will do it, because he will do it, will
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bring these people to the table and get us a trade deals we should have had in the first place. neil: mr. president, they think you're crazy. he was a mixture they keep thinking that. >> they thought the same thing when they said he couldn't win the election and he won the election. neil: very good point, craig. chairman craig smith, thank you, my friend. you know, a lot of people were caught stand last week at this time and donald trump was the lack it. i want you to meet a professor who was sent. in fact, way ahead predict to just what happens a week ago tonight.
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♪ neil: all right. well he predicted when virtually no one was, a donald trump win. now american university professor adam lick man has another surprise for in store for those happy to see him in the white house. he might not be there that long. professor, good to have you. you think he could be good shot he could be facing impeachment. explain this process. >> this is not scientific prediction based on my system. it is my gut. donald trump has played fast and loose with the law his entire life. we know he ran illegal charity in new york.
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we know he made illegal campaign contribution from that charity. the strong evidence that he used the charity to settle personal debts. strong documentation that he broke the cuban embargo when that was a serious crime. he is facing a civil suit for racketeering on trump university. it is possible that one or more of those 12 women who have accused him of sexual assault could launch a civil suit against him. remember, it was the civil suit by paula jones that opened the door to the impeachment of bill clinton. he faces other civil suits as well. and so, he also has opened up a real possibility of some severe conflicts of interest by one, turning his business interests over to his children which is in effect, keeping it all in the family and then secondly, requesting top secret security clearances. secondly, the republicans may well prefer, and they control
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things right now, to have mike pence. donald trump is a loose cannon. he is unpredictable. he is uncontrollable. republicans like control and order. mike pence is a totally predictable, down the pipe christian conservative republican. kind of an ideal president for the republican majority. neil: but they would be shooting themselves in the foot in that scenario, wouldn't they, professor? donald trump's fortunes would potentially be that of those of the party, right? >> well, yes and no. it depends upon exactly, if there was a strong case for impeachment, and this could look like not a cynical move for the party, but a move in the best interests of the country. and, whether "the donald" trump coalition such as it is can hold another four years is, really very much in question, particularly considering that he did lose the popular vote. by the way, neil, we're seeing sea change in our politics where
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the popular vote and electoral college vote are being severed because democrats pile up such majorities in new york and california, that don't count for anything in electoral college. neil: in that scenario the democrat would be always in position to pile up the votes. you could argue that if we had a system based on trying to win the popular vote, candidates would behave differently and results could be different but back to this thing you were ahead of people and saw donald trump getting elected and now you raise something more on esoteric level that could doom his presidency and bring up impeachment proceedings? wouldn't that start as -- with democrats and republicans see him as loose cannon. normally what gives the other side ommph is the other side in control? >> that's right. i'm not saying it will be anything comparable to watergate but if you look back at
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watergate, obviously nixon resigned to avoid certain impeachment -- neil: a lot of that was based on a cover-up more than the crime itself. >> i'm not talking about the issue. i'm talking about the dynamics politically. what doomed nixon when republicans turned against him. when barry goldwater and hugh scott said, we can't hold republicans, that was of course the beginning of the end for richard nixon. so if you get -- neil: wouldn't you see change, though, professor, stuff that happened years ago, in his business days, comes back to haunt him in his white house days? wouldn't there be more likelihood that if it does come back, it would be after leaves office? >> well, who knows you know what it is and what might come back. if it was something before he was president, this would pose a fascinating constitutional question. can you be impeached for actions you took when you were not president of the united states? and ambiguous point. when gerry ford back in the
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'60s was trying to impeach earl warren, he was asked what is impeachable offense? he said whatever the united states house of representatives decides it is. neil: we'll watch very, very closely. but, fascinating stuff. alan lichtman, american university professor. saw as donald trump getting elected. now as donald trump supporters were ecstatic. enjoy the president while you have it. just one man's opinion. the read across the pond what the heck is going on here. only this european parliament member is here in the flesh after this.
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>> good afternoon, live from the new york stock exchange, i'm lori rothman with your fox business brief. they are jumping today. bouncing up a 3-month low, on reports that opec is working out details after proposed cut in crude out put. we'll keep eye out for that. the dollar also strengthening again today. it has been on fire. this is the second, number seven, consecutive session of gains today. today's move on the back of pretty good retail sales here in the u.s. for the latest month. moving in the opposite direction are the banks. banks were among the best performers post-trump victory in the election. wells fargo is really suffering the most here. wells fargo down more than 2%.
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banks as entire sector off about 2%. jpmorgan, bank of america following suit. jpmorgan off one quarter of 1%. that's it from here. let's send you back to neil and "coast to coast." i love getting more for less.
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that's why this control enthusiast rents from national. where i can skip the counter... ...and choose any car in the aisle. on average, four out of every five rentals at national is a free upgrade. getting a full-size and paying for a mid-size? ♪ whoa, oh, whoa, whoa, lovin' every minute of it... ♪ as the boys from loverboy so eloquently noted... i'm lovin' every minute of it. go national. go like a pro. neil: students from a high school in prince george's county
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in maryland. they walked out. this scene played again on both coasts, in los angeles and of course in maryland and elsewhere, about 20 different schools affected and counties. these are high schoolkids. not even old enough to vote, protesting the election of donald trump to be the next president of the united states. so before he is even had a chance to take any action, they're kind of, you know, shooting them in the womb here so to speak that he is a bad guy. he will be the death of sanctuary cities. that he will be just bad period. so, in a lot of venues you would call that sore losers but they're high schoolkids. so you always wonder, if they're cutting class or someone putting them up to this or both? we'll monitor this very closely. a lost unhappy campers. to that point, we're getting word thatcalifornia senator barbara boxer is putting out a america sure to stop the electoral college.
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elect the president via popular vote. on heels of another prominent election which the democrat, in this case, hilla clinton won that popular vote, lost the electoral vote and lost and miss boxer saying enough is enough. murphy's law would be if they do stop it, the next time it does happen, the republican will win the popular vote and, not the electoral vote. just weird, but all of this at the same time. you can't make it up. peter barnes meanwhile at "wall street journal" ceo council going on in washington, d.c. where they're talking bigger issues here, post the election. what they're waiting to see out of a president-elect donald trump. peter? reporter: that's right, neil. we've had representatives from both the trump, incoming trump administration here last night. rudy giuliani and kellyanne conway and then today, senator elizabeth warren for the democrats and progressives. these ceos, about 100 of them
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here were betting on hillary clinton winning the white house according to a poll by "the wall street journal" of the ceos in attendance. 50% of the them voted for hillary clinton. 38% for donald trump. 12% for gary johnson. zero for jill stein. and so they have a lot of questions about tax reform and repealing obamacare, for the panelists who have been appearing here today. elizabeth warren however, decided to kind of change the subject and sought to focus on steve bannon, the executive chairman of breitbart who is coming in to be senior advisor for donald trump when he becomes, when he assumes the presidency in january and, as you know, wright -- breitbart is conservative website which critics say it is for the alt-right movement which includes some white supremacists. warren turning the heat on trump administration bringing bannon in the white house, trying to
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warn executives this was a bad move by incoming administration. listen. >> one of the first things donald trump has now done is he has brought steve bannon in, as a senior strategist. this is a man who has white supremacists ties. that is what he does. and you know, here i am with the business leaders of america, i just want to underline something that everyone of you know. bigotry is bad for business. reporter: as you know trump's allies and staff people have been pushing bark hard on this narrative. here is kellyanne conway on "fox & friends" this morning addressing this issue about bannon. >> not surprised by the backlash because it is so wrong. they're cherry-picking a couple of headlines here and there, laying that at the feet of bannon and trump. this guy is brilliant tactician, goldman sachs managing partner. harvard and georgetown degrees.
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frankly was a big help in our campaign getting us over the 300 electoral vote mark. i think that people can't accept the election results to coin a phrase. reporter: but on the issues ceo's did hear from kevin brady, chairman of the house ways and means committee and top lieutenant to house speaker paul ryan. brady told the ceos is already working hard on tax reform and on repealing and replacing obamacare. neil? neil: peter barnes, thank you very, very much. we're following obviously these ongoing concerns about mr. bannon and protests going on in the country yet again. it is about trying to take oomph out of donald trump before he gets president of the united states. they lost an election and they're not happy with the results. now one prominent democrat is trying to change the rules going forward so we get rid of the electoral college that is senator barbara boxer that is
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favoring republicans anyway. of course, murphy's law, it would be just the opposite if she got her wish. can not make this stuff up. a little more after this. ♪
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of that, donald trump and his election here. what is going on? >> i wouldn't overdo the parallel. the "brexit" campaign was kind of -- neil: it referendum. >> it was referendum. as i understood it a big part of trump's schtick he didn't want free-trade agreement with china. the big chunk of ours was we did want one. eu wouldn't let us have it. eu controls trade policy of all the countries. outside the european union, britain would be more global, more deregulation country. i wouldn't completely equate them. there were important differences. having said that i think it is probably fair to say that both campaigns were informed by a resentment against what was seen to be a failing, ruling caste. neil: and both targeted people who were deemed to be simple, narrow-minded, even racists? >> were accused of being those
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things and reacted as anyone could. people understand that there are, that the world doesn't owe them a living and there are winners and losers in everything and not everyone will be doing well all the time but when you pick on people who are not doing well and additionally go out of your way to tell them they're racist, xenophobic, they wouldn't be human if they didn't react to that. what is really incredible to me, both since "brexit" in my country and election here, the people who were giving out that insult have doubled down. neil: absolutely. >> they have become more hysterical in their language. neil: even more obnoxious. >> either they don't get what effects that is on neutral person, which is probably more likely, they don't care because this is really kind of -- neil: i don't think they care. in fact, listening to some of the quotes, americans even on this election have no idea what they're in for. congratulations on the stupidity of the american electorate.
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these are just comments coming out of british newspapers. i don't know if france -- >> exactly same thing after "brexit." neil: how does a donald trump you think deal with that? >> well the first point is that people have actually got this more correct than the professional economists did. when there was a, i remember the first tweet i sent out when i saw the election result, buy the dip. don't listen to all these idiots, paul krugman's telling you there will be collapse in the stock exchange. there isn't and there wasn't. neil: very prescient. >> you know about business news. you're my favorite handsome and charming italian-american tv presenter. it was same in "brexit." it was exactly the same. people said stock exchange will collapse. unemployment will rise. emergency tax writers. in fact british are the best performing in europe. unemployment falling. neil: you heard just you wait. that is thing i heard, just you wait. >> they have moved, without a blush from saying the immediate
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aftermath of the vote will be economic calamity, saying we never said it would be immediate, just wait. of course if you wait long enough sickly there will be another another recession. we haven't abolished cycle. they will say, see, we know better. neil: that conserve tis would rise as force in italy that conservatives are feeling their oats, does this continue? >> this is reaction ever since the bailouts. there is a sense that the system is rigged. poor or low medium income families were expropriated through the tax system to rescue some very wealthy bankers and bondholders from the consequences of their errors. that has angered people on both sides of the atlantic but the way to address the anger is not protectionism, not nativism, not anti-globalization or anti-immigrant, but by tackling the basic economic problem, people on lower incomes haven't benefited with all the quantitative easing going on. neil: sorry to jump on you,
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neil: speaker ryan is going to continue being speaker ryan. republicans have just nominated him to lead them again. trish regan -- trish: just crossing the ticker tape, breaking right now. thank you so much, neil cavuto. paul ryan unanimously reelected speaker of the house by the gop. there, you know, was a time i've got to points out that his future seemed rather uncertain. you saw some of that discord playing out on the campaign trail between speaker ryan and donald trump. but, ultimately, with donald trump heading to the white house, it may have, in the end, helped save paul ryan and his political future. so, again, the gop voting unanimously to keep paul ryan as speaker of the house. meanwhile, you've got the democrats right now inri

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