tv Varney Company FOX Business November 18, 2016 9:00am-12:01pm EST
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maria: morgan? >> we're talking about the appointments. the supreme court is one that conservatives are concerned with the most and the supreme court. could be ted cruz. maria: i was going to say ted cruz. >> get him out of the senate. maria: and "varney & company" begins now, over to you. stuart: thank you very much indeed. now, he's claiming a win on jobs, he is staffing his cabinet and he's planning a victory tour. he's the president-elect, clearly he is not the candidate anymore. good morning, everyone. white house north and that would be trump tower in new york city continues to draw crowds and cabinet candidates. senator jeff sessions offered the job of attorney general. mike flynn national security advisor and pompeo. and bill ford called trump and
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offed an olive branch and trump claims victory. and he heads to the golf course in new jersey, talk secretary of state with mitt romney. the surprises keep on coming, don't they? and this, trump is considering a tour of some of the formerly democrat states that flipped to put him in the white house. it's a victory tour, it's a thank you tour, it will be after thanksgiving. and who would have thought, the week after trump's election stocks have gone straight up and the u.s. dollar is clearly king of the hill, everyone. "varney & company" is about to begin. ♪ >> there they are. three top level picks from president-elect donald trump. all three were announced today. and sessions ag, flynn, national security advisor,
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pompeo, cia. come on in, jeff dewitt. abbing, we got those three and we're going to get some more today? >> you know, he's doing very well at getting these announcements done weeks before what we've seen in previous administrations, so, you know, the team is working very hard. mr. trump is working very hard. i got to know senator sessions and general flynn very well on the campaign trail, they're great. stuart: jeff, hold on. you've been a great guest on this program for months and months and months and i just asked you, are there any more to come today? you then gave me a dissertation on jeff sessions. please answer the questions. you used to be, i didn't know now, but you used to be the chief operating officer of the trump campaign. i don't know what you are now. i want you to tell me if there are more today. >> i don't know. those are closely kept secrets and i don't do anything on timing. stuart: are you guys close?
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>> yes, i got to know everybody well on the campaign trail. stuart: not close to them, but close to making a decision and announcement? >> i can't preempt the timing. stuart: i've got to talk about ford motor company. president-elect trump tweeted about the election, they're going to keep the smaller suv, keep it in kentucky. trump claims victory. both sides are playing politics here, an olive branch from bill ford at what looks like a victory to donald trump. that's pure politics, isn't it? >> it is politics, but look at the side of ten days, just ten days into his, you know, being president-elect and ford is choosing now to keep production of one of their car lines in america. that was the leadership and the vision that donald trump went around the country with. so i know we're all happy to see that. it's one of the reasons that the stock market is hitting new highs. the dollar is doing well, we all love king dollar.
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apple is not-- now looking to keep some production in the u.s. and one thing killing the obamacare and repealing or replacing that, which has been such a burden to business. this is another example of his leadership. stuart: i'm wondering which job you might want. i'm sure you're not going to tell us. come back soon, jeff. we appreciate you being with us, and all of that. >> i love your job as your guest host. that's the job i want, stuart. stuart: i don't believe that position is open. [laughter] ashley does a good job though. stuart: he does and so does liz, by the way, all good stuff. see you soon. >> thank you. stuart: donald trump and mitt romney are going to meet this weekend, amazing, isn't it? despite the nastiness from both sides during the campaign. who could forget this? roll tape. >> donald trump is a phony, a fraud, his promises are as worthless as a degree from trump university. >> he was begging for my endorsement. i could have said myitt drop to
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your knees, he was begging. >> there's plenty of evidence that mr. trump a con man, a fake, mr. trump changed his positions not just over the years, but over the course of the campaign. >> mitt is a failed candidate, he failed. he failed horribly. stuart: who could forget? i guess mr. trump has, anyway, listen to what kellyanne conway says about mitt romney now. roll tape. >> mitt romney is a job creator, an american success story and knows a lot about the world, many i think so this that mitt romney talked about his election, the world stage, have come true and i anticipate, you know, a meeting of the minds and of two equal partners in terms of those who love their country and want to make sure we have a peaceful and democratic transition into the next administration and we know that governor romney can add to that conversation. stuart: my, oh, my, have times changed. tammy bruce is here, give me one word what you saw.
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>> swamp. mitt romney, i had a lot of respect for him hoping for him in 12. what he did during that campaign cycle was horrible, but he is the epit-- epitome. and if mr. trump can find something of value from him, he's going to take it, i think. stuart: it convinces people that donald trump is not the wild and crazy guy, going to appoint wild eyed conservatives. >> we're both scottish. and i'm more wild. it's going to be a shock. stuart: romney is a distraction? >> he's not going to become the secretary of state. i think it's a distraction and a way to communicate. stuart: hold on, liz is making a face. liz: are you scottish? kidding, just wanted to get you
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going. stuart: and ash, you're an englishman. you're scottish. liz: news flash. [laughter] . stuart: we've got to talk money, can we talk money. my line of the day, who would have thought this? we saw a trump rally for stocks and a huge trump rally for king dollar. the dow crossed 18,900 we'll be a fairly flat. gold has lost about $100 an ounce since donald trump was elected. 1210 this morning. the dollar, amazing, a 14-year high. there we are, 14-year high, that tells the story, does it not? now, there's a graphic. christmas trips to london or paris are a little more affordable because your dollar buys a whole lot more these days. e-mack. liz: yeah. stuart: all of this is taking place just as janet yellen says rates are going to go up. liz: it's a broader story. it's also economic growth. the last time the dollar was this high, growth was clocking
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at 7% annual, two decade high in 2003. so basically they're talking about inflation, infrastructure spending, military spending, but a rotation out of bonds, global bonds. 1.29 trillion which pay fixed interest into equities and also, rotation all around the place that we're seeing right now. so it looks like the bulls are on the march and the bears are on the run. that's what we're hearing from wall street talking to them. >> winning. liz: a ferocious rotation out of bonds happening. stuart: a ferocious rotation. there's a thought. liz: sorry. >> ow. stuart: let's get to the democrats. why not? we're eight minutes into the show. president obama during the overseas trip telling the anti-trump protesters march on. roll that tape, please. have got the wrong one up there? have we got the tape, march on. >> one of the great things. stuart: wait, wait, there you go. >> it expresses itself in all sorts of ways.
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and that includes people protesting. i would not advise people who feel strongly or are concerned about some of the issues that have been raised during the course of the campaign, i wouldn't advise them to be silent. stuart: that's interesting because the day before the election, president obama linked donald trump to the klan, tammy. >> yeah, look, this is it, for anybody who is hesitant about voting for mr. trump and felt bad about it. those remarks, these aren't protests, they're riots. there are baseball bats to cars and some shots and this is why he lost the election, americans want order, the rule of law, they want grown-ups to come home and he's helping with 2018 and that election right now, as a matter of fact. stuart: the democrats are trying to choose a new chair for the dnc and there are two names which are popping up most rekwenl. minnesota congressman keith ellison, former governor of vermont, howard dean.
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tammy, everybody, it seems to me to be left and far left. >> yes, it tells you there's no talent in the back bench. obamacare and the 2010 and 14 mid terms, many democrats lost their jobs, obama did not help them. he didn't care because he won't governing, there's now no talent in the democrat party and this is what they're left with. it's going to put them into ashes, make them the-- >> tim ryan is an ohio congressman democrat, challenging nancy pelosi. he's a centrist, he's know the wild eyed leftist. >> it tells you that pelosi isn't standing down, they don't want to let go of power. and he's challenging her, which is absurd considering what happened in the election. ashley: she's the face of failure. the democrats if they go further left. stuart: when ashley says something, don't cross him. ashley: make it count. [laughter] >> i'm going to bring you a football story, thursday night
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football, carolina panthers star, luck-- luke keatly taken off the field, burst in tears off the field. end the panthers upset them. >> passionate guy. stuart: sanctuary cities defy president-elect donald trump and they say they won't enforce deportation. from europe, a blockbuster story, one refugee camp worker, an interpreter says she knows what they've been saying, say that muslim migrants don't want to assimilate, they want to dominate, eliminate christian values. what a story, we've got it for you. the first major winter storm from colorado, that's a 20-car pileup on interstate 70. the storm brought a foot of
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>> oh, watch out. retailer abercrombie & fitch, sales down. that stock will be taken to the cleaners at the opening bell. an iphone, quote,designed in california and made in the usa? is that at least a remote possibility? >> in a word, no. i think they just said, look, let's look at the possibility. i think this came just a week after donald trump won, paying a bit of lip service, i don't think they have any intention of manufacturing in this country. apple in response, we're for jobs, retailer, shipping, don't look at though we haven't. stuart: he doesn't say much,
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but when he does say something. [laughter] >> rahm emanuel one of several sanctuary cities who pledges to protect the city, saying it will always remain a sanctuary city. and congressman's district is next to chicago. welcome back to the program. >> stuart, great to be with you. stuart: i can see the point coming where the feds will deny funds to chicago because of what they're doing with sanctuary cities, whereupon the city of chicago will come to you guys, the state of illinois, for money. what are you going to do about this? >> well, look, i think there's a sense of clarity. if there's going to be an infrastructure program it's pretty clear that president-elect trump intends to make that contingent upon different cities, enforcing the law, if the city of chicago chooses not to, that would be unfortunate and they'd take themselves out of consideration for those funds. the disposition of the mayor might change if he realizes it's real money.
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stuart: and that's the first concrete idea i've heard about what leverage the feds actually have on sanctuary cities. make it a test case, you don't get infrastructure money if you don't do this. first time i've heard that and sounds very practical to me. >> i think it makes a lot of sense. stuart: now, you're on the ways and means committee and your committee is involved with the tax cut bill. how fast am i going to get my tax cut? that's what i want to know. >> look, for a long time fundamental tax reform has been sort of, we'll do it next year, do it next year and the years to come. there's a concensus that's developed now particularly with the election of president-elect. the tax code we have is a disaster, it's not working, we've got to reform the irs who lost the confidence of the american people and a system where the companies stay in the united states. you're looking at a ways and means committee and finance committee in a new administration that is looking
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to reform the tax code as soon as practical. you're seeing a lot of energy around this. stuart, there's nobody defending the status quo of the tax code. nobody saying the whole thing is great. stuart: to be clear, clarity, a cut for the corporate tax rate and individuals all wrapped up into one big bill, that's how it's going to be? >> absolutely. look how this is. it's very important that we look at the premium that we need to observe about a simpler code. there's something like nine or ten different ways right now to stay within the tax code for education, and higher ed, for example. you and i could probably sit down and you need two of them, you don't need nine or ten and so many elements of the cold that are mind-numbingly complicated that i think most taxpayers are begging for mercy and we know the nature of the irs the past several years, the shine has come completely off their penny. they used to have a reputation of being tough, but fair and now it's perceived as ma --
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and. we're going to bring you the story of a migrant work reliever and say they don't want to assimilate and dominate christians. what a story, we're on it. a new find in texas, biggest, maybe worth a trillion dollars. we will have to fracture to get it. question, will those environmentalists block it?
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>> oh, watch out, gap store shareholders. they're shutting more stores. they're looking down the road and seeing a further drop in traffic during the holiday season. down it goes significantly and looking at what, 5, 6% down at the opening bell. now this, an arabic translator who spent time in germany's refugee camp speaking to those people. she says she was shocked to learn that they hate christians, and they want islam to dominate europe. tammy bruce, this interpreter could hear what they were saying privately in arabic, was very different from what they were saying in public. what's going on here?
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>> look, obviously, there's a presumption and it's true, many people don't know arabic, speaking freely as though no one can understand them. this is not unusual, this is what islam has done historically through hundreds of years, it's an islam law to migrate and viewing the world as needing islam, needing to be overcome and so this is what's happened from, really, from the establishment in the year 600 through the ottoman empire, occupation and they use trade. islamic law to migration. ashley: to tammy's point, the women told them they're to have as many children as possible and the kids are not allowed to play with christian kids either. stuart: you're kidding me. liz: terrorist attacks worldwide jumped 650% from 2014 to 2015. isis now in 28 countries, more than doubled as it was the year prior. stuart: this revelation from the interpreter i believe came
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on the same day that angela merkel was speaking with president obama, it was angela merkel who brought these people, opened the doors and brought them in. >> what i think we should-- i presumed europe was doing this or not, having individuals who knew arabic in those environmentals, considering the level of violence occurring to make sure if there's noi plots or plans for violence-- >> that would be illegal surveillance. that would be anti-islam, i bet you it would be against the law. >> not when you're looking at public space where they're meeting together, having open conversations. look, it's not like you're going into someone's home. these are conversations in public. stuart: they have privacy laws. >> and even, look, we have a conversation at a cafe or outside, those are things you don't have a presumption of privacy and this is about national security not just for us, but also for europe as well. stuart: i think that merkel is finished. that's just my point. all right. moving along. call it the vice-- no, the president-elect rally.
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got that right? stocks up big since election day, dollar near a 14-year high and again, i say who would have thought. the big tech stocks, they sold off after the trump victory and we're going to find out exactly where they are this morning when they open and that's next. we want to change the way we see the world by changing the complete landscape in lenses. our lenses will be more compact because we use a series of flat lenses and can be used in anything that has a camera lens. nexoptic is taking things from a conceptual stage into the real world.
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>> you know, i think we're going to open ever so slightly higher on wall street this morning. please remember, the back drop to it all is a surprising-- well, not surprising to everybody, a surge in the value of the u.s. dollar. it is king dollar this fly morning. 9:30 here we go, we're off, but we are running, expecting to go up ever so slightly. that's a gain. left-hand side of the screen, plenty of green in the early going. dow jones industrial average up .04. how about the s&p 500? that is up .05. the nasdaq composite. >> let's see if there's movement in the tech stocks, that is up .13. well, that's a better percentage gain. bearing in mind the price of gold and oil are going to react to the strong dollar. oil at 45 a barrel right now. and price of gold, remember, has lost $100 an ounce since
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the election, down $5 more at 1210. look at this, 2.29%, that's the yield on the 10-treasury, that's the main reason why the u.s. dollar is so strong. if you put your money into u.s. dollars you get a nice rate of return. ashley webster, liz macdonald, scott shellady, brian, jeff sica, it's a packed screen this pry morning. i'm going to start with the ford motor company. they're moving small car production to mexico despite mr. trump threat of the tariff, small car production is going south, but agreed to keep a small lincoln suv in kentucky. now, ashley. ashley: yes. stuart: donald trump says that's a victory. is it? >> i think they're always going to keep it here. of course, donald trump will take credit for it, but i think that ford trying to get back in after announcings it's moving small assembly to mexico, directly opposite to what
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donald trump was saying, to soften the blow, the lincoln will be made in louisville, kentucky. i think that guy was made. stuart: there's a guy shaking his head. it's not a victory. >> i don't like the fact that a u.s. ceo has to call the president to tell him where he's producing his car. and why are we having politics in these. stuart: it's a political decision. >> that's a problem, that's what this election is about. stuart: ford knows perfectly well if they go against donald trump, incoming president, all hell breaks lose. >> the threat of tariffs is going to have a major impact on the way they'll handle it. what trump needs to do now, and he's trying to help the forgotten middle class, this is a good thing. but what he needs to do now is make it profitable for these companies to produce in the u.s. and not just talk. stuart: in the background, i hear scott shellady all the way from chicago. i think you're saying, yes, why -- yes, yes, yes, go.
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>> i'm burdened with common sense, that's the problem. now what? the president needs to make it economically efficient so it's not a political decision, that's all. stuart: okay. fair point. is it-- come on shellady, is it a victory for donald trump and his politics? is it? >> no, no-- it would look like a victory. if someone wants to tell me in one week since he was elected, that they're going to change the plant. i agree it was already in the works. he might take a victory lap, but it was already done. stuart: and bill ashland reportedly close to what is called a settlement with chipotle? >> it's about the board of chipotle. upset with the way that the board handled over the food safety issue, that's been in turmoil. ackman's pershing square, had a stake in chipotle and new board members come on.
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stuart: 400 bucks a share, jeff sica? >> i think the main thing is, this specific board has been with the founder, has been with the ceo for the duration. bill ackman, he will stir up the board. chipotle is hoping he'll stir up the board. liz: show the ceo the door. stuart: look on the left-hand side of the screen, a new all-time high for the nasdaq composite. the early part of the decade we never thought nasdaq would get to 5,000. it has, and how about the british pound, a multi-year low if ever i saw one, a buck 23. that means, one british pound is worth $1.23. a couple of months ago it was worth $1.50 or 60 cents it's come all the way down. did anybody else see this coming, the raging strength of the u.s. dollar? scott shellady, did you see it?
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>> i didn't see it coming and obviously, we saw the reaction right after the election and you know what? i'm going to say, cool your jets, we can't anoint him the almighty one yet. he didn't take the reins until january and still take a while after that. and already we've anointed him mr. growth and-- >> it's all based on faith. stuart: faith of what? >> that he'll carry through the policies, yes, pro growth and very good for the markets and now he has to deliver. stuart: go ahead, jeff. >> and also, you know, keep in mind, janet yellen is a big factor here in terms of she's actually going to raise interest rates. she came out and she's vehemently against a lot of trump's policies. the sentiment is moving towards increase in december, but i think it's too soon to celebrate this dollar. i'm happy, i believe in the strong dollar, but it's way,
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way too early. >> it's based on trump with the growth policies not those ant anti-growth. when you talk about trade, i think the markets will pull back some. stuart: and take a look on the screen, a modest bounceback from the big losses that they took after the election, amazon, microsoft, google, facebook, all up slightly as of now. microsoft close to 61. yes, i own it. all right, will donald trump try to do the same thing with big tech that he's trying to do with the car companies? i mean, he's kind of jawboning forward or trying to. ashley: yeah. stuart: will he do the same with technology? >> please no, please no. it's going to raise prices for consumers. it's not going to create jobs. liz: they want the h 1 visas.
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>> you bring in two billion overseas and we'll give you more h-1 visas. >> keep in mind if they start producing the iphone here, it's going to double the cost of production here. stuart: you don't believe they're going to do that? >> no, trump, first of all, has got to give the incentives to produce here, there's such a gap between producing tech products here and overseas, that something drastic has to happen and if it doesn't happen, the bottom line, the companies, which by the way, i believe are overpriced to begin with, is going to diminish drastically. stuart: have you got flanything to say about this, scott shellady? >> once again, i agree with keeping the politics out of the boardroom. it's going to be his job to make it economically an easy decision for them to make. once it's economically feasible they'll follow along.
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until that's the case, he will have a hard time here. stuart: tax reform is the key. and it's a friday almost 10 minutes into the session and down 18 points. a couple of stocks in the news, post holdings, a cereal companies, grape nuts, honey but bunches of oats. they lost less money. up a buck. salesforce.com reports higher revenue and look at them go, 5% up. lackluster sales and a downbeat outlook for william sonoma. they sell expensive kitchen stuff. down 3%. higher profit, but lackluster sales at foot locker. they closed more stores than opened, down 3%. fiat chrysler recalling 89,000 vehicles for a fuel leak and windshield wiper problems. mostly-- >> actually doing it. stuart: you know, my name ends
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in a vowel sound so with my hands-- and the jeep carrier is affected, let's move on. and big retail names in the news, adam shapiro what have you got? >> abercrombie & fitch having a rough go of it posting the recent results. 11%, they miss on a lot of fronts there. they had third quarter of declining same-store sales. sales of stores open at least a year, stuart, down 6%. the street was expecting a decline of 4.4%. profit was off 81%, just 7.9 million a year ago, it was 41.9 million so abercrombie trying to turn that around. the gap, the khakis and the black t-shirts, first sales decline since 2011. profit down 18%. closing 65 stores, they did, however, raise outlook for unadjusted, to 1.50. they expected 1.37 to 1.47.
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you talk about abercrombie, by the way, changed their outlook and based on the inner self, not the outer self. they used to be kind of erotic marketing the buxom women and the shirtless men. they haven't been the same since you stopped modeling for them. >>. stuart: i knew that was coming, shapiro. watch out. and president obama on the fake news with facebook. liz: he was with angela merkel, fake information on the websites and get factual. this is facebook's algorithm that basically is a popularity contest. if you're engaged in the story it is moved up higher. and what is the answer. would obama have gotten with the sec and cracked down on them? reagan did away with the--
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>> how do you determine fake news? a lot that obama would identify as fake news? i'm concerned about the rhetoric. liz: and he benefitted from the fake news, by the way. >> and also, to me, it seems like obama has a lot more important things to focus on than focusing on finding fake news. it seems he's blamingfacebook for losing-- the democrats losing. stuart: i heard scott shellady chime in with unbelievable. >> why don't we invest-- well, let's have them stop with the fake education reading the fake news and investigate in a real education to determine whether it's real news or fake news. 's reading knows it's fake. stuart: it's got that friday feel. shellady, you're all right, lad, you really are. we'll show you the brick and mortar retailers. we're one week away from black friday. i'll say on-line selling has
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done away with black friday. that's my opinion. liz: i think that people still like to go to the mall, it's a fun event if you want your relatives out of the house, stuart varney. stuart: and i haven't been for a long, long time. on-line selling killed black friday. >> i think that black friday is a myth. i don't think there's any relevance to it. paying attention doesn't mean it. stuart: the bricks and mortar guys are down. >> on-line spending is more than 10% of spending for holiday spending. on-line up 17% this year versus last year, 3% for brick and mortar. yes, of course, it's on-line and on-line. stuart: i think it's worse than that. i was told that on-line selling would account for half of all holiday purchases. liz: yes. stuart: that's huge. ashley: if i never have to go to a mall again, i'll be so happy. stuart: as soon as i walk into a mall always looking for the door to get out. ashley: assuming you can find a parking spot. stuart: shuffling around looking for things.
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liz: women shop and men do what? >> women shop and men buy. a sexist thing to say. liz: it's my fault, i brought it up. stuart: will you sit next to me any longer if i said things like that, liz? >> no, i think it's funny. am i right or am i right. liz: i don't know, after the break. stuart: and volkswagen they're laying off 30,000 people and trying to bounce back from this emissions scandal. ashley: yeah, 30,000, that's 5% of their work force, they have 640,000 people around-- >> hold on a second. that lady runs pepsi. why she's on the screen i don't know. liz: there's a story about pepsi and talk about it after. stuart: volkswagen, give me more volkswagen. they say it will save them $4 billion and they're reeling from the emissions scandal, the biggest in scandal in this scar maker's history.
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they're going to keep two electric car factories up and running in germany as part of the deal. really? i'd buy vw on 27 on the grounds it hit bottom. they can't go much lower, can they? >> yeah, this is a minor cost cutting as ashley said, 650,000 employees for volkswagen so this is minor, but you know, the reality is they are making strides to put this path emissions controversy behind them. stuart: okay. now, we know-- you know, we like to get back to politics sore that's exactly what we're going to do. some donald trump supporters are taking aim at pepsi, the lady who runs pepsi was on the screen a moment ago and now we get to the story. what's going on. liz: it brings up the issue of free speech for ceo who are beholden to shareholders. she gave an interview and said that workers are crying, they want to know can we feel safe and saying that nothing has changed. we have to move forward in unity, but there's a social media boycott against what the
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ceo said and you know, that's the issue. she has to answer to her shareholders. by the way, comes on the heels of grub hub saying if you agree with donald trump and his beliefs then resign. stuart: that was grub hub. got to make sure i've got that right. he did say, you support trump resign from that organization. ashley: reply with your resignation. stuart: he tried to walk it back. liz: he did say it. stuart: wonder if it will have long-term damage. look at the corner of your screen, the nasdaq composite. 5,336. i think that's a new all-time record high. now, i'm going back to the 1990's, the dot-com bubble, that's when the nasdaq was in its prime. up it went well above 5,000, i for one, did not believe you'd get back there almost at any point and you are back there. liz: can you say, a week ago correction, everybody was talking about donald trump's winning, the markets are going to crash. what a turn around.
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ashley: they did for about five minutes for futures and then bounced, 800, 900 points down. stuart: what a bounceback, again, my line, who would have thought? altogether now. now, this is really cool, it could be the largest deposit of untapped oil ever discovered in these here united states of america. it was found recently in west texas. it's called the wolf camp shale. that is the extent of it underground. the question is, how much does it hold? and the answer is, around 20 billion barrels of oil. the value of that at today's low prices would be 900 billion dollars. look who is here. john hofmeister, former shell oil president, the man who owes me several hundred dollars, i do declare. >> not yet. stuart: not yet. hold onto your money for now. that oil find is astonishingly large.
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bigger than the bakken shale in the dakotas? >> put it into perspective. the bakken could be big overtime it's huge. the alpine high formation was discovered by apache south of the wolf camp not too many weeks ago. this country has an endowment of natural resources and it could have such energy independence for so long if we were allowed to produce what we want to produce. and we could get out of opec's hair. stuart: well, sounds like donald trump wants that to happen. i mean, he's made deregulation of energy one of his main planks in his campaign. >> it would be a wise move. opec is only going to get worse over time. >> can he do it? the new discovery in west texas is way, way underground, deep underground and you've got to frack to get at it. fracking is not popular with the greenies, will he let him do it it? >> remember, this is west texas, this is where people
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grow up looking forward to spending the life, their life in the oil field. and there are different ways of fracking and i believe in a regulatory regime which makes fracking safe not only for now, but for the future. and there's ways of cleaning up the water. you can put water through filtration systems so you reuse it over and over again. there are very good environmental safeguards when it comes to fracking, if you insist that the companies use those safeguards. stuart: so this discovery of vast amounts of oil on our own territory won't necessarily affect the price of oil in the short-term, but what it affects is our energy independence and our energy security? >> absolutely, and our economic well-being. that's value created in this country for americans, which we could also export, by the way, which is more value creation, so i think it's all news to the good. stuart: could it be used to bring down the cost of electricity, which would bring in more manufacturing to america? i'm not-- it's kind of a big picture
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thing, but i'm looking down the road here. there are possibilities here. >> natural gas, of course, the best thing that hit the power industry in a very long time and also, an advocate of using natural gas to make transportation fuel to get completely off imported oil, completely off imported oil. stuart: is there a great deal of natural gas along with the 20 billion barrels of oil? >> this is mostly oil, but there will be some natural gas, but there are other gas fields around and of course, 0 that's what we're getting out of bakken natural gas, as well as oil and we're getting natural gas out of the gulf of mexico. stuart: it wasn't that long ago we were talking peak oil. in other words, we'd reached the peak and didn't have much less, et cetera, et cetera. how wrong can you be. john, thank you for joining us. >> thank you. stuart: you will be back before the end of december because you owe me big. >> i'll be back with a couple of bills. stuart: fiat chrysler, is teaming up with amazon? >> yeah, may be a sign of things to come. in italy, teamed up with amazon
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to start selling cars on-line, on a site up to a third cheaper than anywhere else. sit at home, go through the vehicles, click and buy. stuart: that's italy? >> this is italy. trying it out in italy. stuart: i want that here. liz: how many more markets can amazon plow into? amazing. stuart: check that big board, we're coming back, almost break even time the dow is down a mere 7 points, it's way up since election day, that's for sure. yes, donald trump pulled off a victory and most of the polls and pundits got it totally wrong including one. hosts on fox business. that host will join us. i think he's going to do an mea culpa in one minute. [vo] quickbooks introduces jeanette.
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[laughter] >> the song is called, "what a fool believes" by the doobie brothers in case you've not forgotten. we're playing it for our next guest. he totally got the election wro wrong. he thought hillary clinton would win. look here is here, john stossel. >> i had a column that came out wednesday, i assumed, i believed the gamblers, betting. redix and they like everybody else picked trump. except for brexit got everything right. state by state results, every other presidential race. stuart: however, take me back to election night because about 5:00 in the afternoon eastern time we got these exit polls and the it was heavily for hillary clinton by 5:00, and that fell to pieces on the betting market quickly.
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>> it wasn't that quickly. it wasn't 9:47 that trump hit 50%. stuart: chance of winning. >> chance ever winning and the betting may have been wrong, but it adjusted much more quickly than the tv pundits it and i was still watching at 11 when trump was up to 91% of chance of winning and pundits were saying, still can't call this and on cnn they're saying, they're breathing of sigh of relief at the hillary camp. who knew wisconsin was going to be this close. yes, i was wrong, but the betting is better than anything else. stuart: you're right, but only at the last minute. >> in this case. stuart: because the betting market had for a long time had forecast a hillary win through the election campaign, she was going to win. up to a 91% chance that she would win and that was mid afternoon on election day. >> an example how accurate it was. once the new hampshire primary hit, it had trump leading for the primary. the pundits were still saying
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no way trump is going to get the nomination. stuart: are you going to repeat this one? i'm calling an mea culpa on your part tonight on your show tonight, called "stossel" on the fox business network, mea culpa time again? >> i will grovel for you anytime you want. stuart: you have a smile on your face and that's what i want. >> i can't about-- yes, i will. stuart: you're all right. democrats in disarray, a battle for dnc leadership and nancy pelosi challenged for minority leadership. we're going to layout the choices for the democrats coming up shortly. a live report from iraq literally from mosul, the battle there raging. isis is using human shields, mass graves have been found. we will take you there live. mosul. here we come at the 10:00 hour after this.
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>> after their defeat which way will the in thes turn? to the left or to the far left? that seems to be the choice. there are two leading candidates to run party apparatus. congressman keith ellison is going up against former governor to chair the dnc now that's a powerful position. look how debbie wasserman schultz and hillary beat bern nee for the democrat nomination that has the power of chairing the dnc. start off with howard dean most payments for his scream speech which really put him out of political life for years. he's on the left. socialized medicine, tax the rich. regulate, regulate, regulate. okay. that's governor dean. keith ellison a congressman from minnesota far left. now he is way far left. last time he was on this program, he called for a trillion dollar tax increase. he hates the financial industry, and he said that white people should pay reparation for slavery.
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left or far left? either way for the democrats, the centerrists are out. however, there is a chance that house democrats may comiewz choose to walk away from nancy pelosi she's challenged by a known ohio democrat tim he's a center isist but very much underdog in the coming election from minority leader of the house. so that's where things stand for democrats. perhaps they should look to the british for some guidance. over there, the already left labor party has taken a gigantic leap to the mark of the left. party activist kick out centrist and they have virtually no chance of holding any kind of power for at least a generation. i don't know which way america's democrats will turn but at the moment they appear hell bent on suicide. and america is a center right country. going left or far left is surely not the rout to power .
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second hour of "varney & company" about to begin. ♪ all right. 10:01 eastern time. 7:01 on west coast we have our eyes on trump tower white house north as started to call if. three big announcement came today. jeff sessions attorney general, lieutenant general michael flynn national security advisor congressman mike pompeo and fox news confirms all three have accepted. governor mike huck e bee is with us right now here in new york city. shortly, he's going to walk the 400 yards across trump tower, and i have to ask which position are you interviewing for. don't talk talk and those who dt don't know.
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number one thing you do in a political environment is you don't go around telling things that have not been announced by the person, the only person who has right to announce them that's donald trump. >> i'm sorry i asked governor. >> don't ever do it again. at all -- >> the man's style. i mean, he's an executive he's doing exactly the way -- lick a business guy. he's a brilliant business guy and handling this i think far more wonderfully than people give him credit for and look announced more people in a shorter period of time than barack obama, bill clinton, either of the bushes, ronald reagan or jimmy carte sore people act like it's taking him a long time no he's doing a very quick process of getting people in place. >> can you tell us more about what is called a victory tour or a thank you tour supposedly coming after thanksgiving to the blue states which flip for him. any news on this? >> i think it's a magnificent idea here's why it is because to go back to people and say thank you is something politicians
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rarely do. donald trump understands that he's going to be president of the united states because people who have never voted for a republican in their lives went out to vote for him and to go back and say, thank you. you didn't just get me here and i forget you. i'm still remembering why you voted for me and what i have to do to be a great president for you. i think it's a marvelous idea, and look most presidents that the time all the they do is sort of huddle up with with senior advisor and maybe they get ready for inauguration and a lot of people from the community of this swell will come in and enjoy that. he's going to rub shoulders with the very people who put him in that job i think it's a great idea. >> now, vice president-elect mike pence he's meeting with lawmakers on capitol hill. he appears to be liaison i see him next to nancy pelosi. he says they're all confident they can find common ground. a, why does mike pence need
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common ground with nancy pelosi? and b, is there any common ground to be had? >> it is during the and so that's what -- about common grouped is. look, i think there are some things when it comes to reforming medicaid or dealing with infrastructure in which republicans and democrats will be able to come to terms. now,horse the reality that nancy pelosi is going to have to just -- just swallow. the reality is that republicans have the votes to do what they pretty well want to . if she wants to bring her had team on and play ball and get something, she can. or she can sit over there watch it from the cheap seats, and wine all day but it's going to happen unless republicans in congress wimp out. what we've got to hope for is that they are bold and ready to do big things, donald trump is. by gosh they better show up and play big ball not little ball. >> you should be in our production meeting tomorrow morning because we get demands -- you won. you won. governor would you say that,
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about but just a second delay your trip to trump tower for about ten minutes. >> for you i will do that. stuart: president-elect trump will meet with you know this mitt romney -- meeting him this weekend. he said to be considering him for a cabinet position. the two were not, however, at all friendly during election campaign. start with this, roll tape. >> phony, a fraud, his promise are worthless as degree from trump university. >> he was begging for my endorsement. i could have said mitt drop to your knees he would have dropped to his knees. >> there's evidence that he's a fake. mr. trump has changed his positions not just over the years. but over the course of the campaign. >> mitt is a failed candidate. he failed. he failed horribly. >> but you say wait, wait, wait is he a huge business success nobody knows what he's talking about.
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no, he isn't and no he doesn't. >> so when mitt start ised raising his head a few months ago, i was very strong. i said, mitt romney should not run. he's a choke artist. i said it very strongly. [laughter] stuart: there's a lot more where that came from. but that's dramatic i would say. look who's here erin elmore spokes fern for the trump campaign. mr. trump is trying to reunite the republican party, is he? >> you're talking about hippies off camera kumbaya look truthfully, they're going to mend fences. s this this is a sign -- >> wait how do you mend fences like that? calling each other names. >> they have two big egos to put as differences and come together to work together. >> is it window dressing saying even my -- fearest opponents can come into the big tent we're all together now. >> be gone kumbaya my lord.
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>> i think so and donald trump realizes hets to surround himself by smart people and a sign of a good leader in donald trump. >> and your heart of hearts do you believe that mitt romney will be a part and a member of the cabinet team? >> i don't think he will be. but you know maybe he will offer some advice. donald trump says he surrounds himself by smart people this is one of the smart people. you can't argue about about that with mitt romney. but look at cia director now mike pompeo he was for marco rubio that's a big step in the right direction for donald trump he's our new cia director. >> that's a fair point. >> not everyone was on trump team early like mr. huckabee and myself. >> i believe that governor huckabee got a microphone on. so ask this question do you think that mitt romney will ultimately be in the cabinet maybe you can comment on that. i don't know. >> believing that that's the that would be like felix and oscar turning into fred and gender i don't think that's goig to happen. [laughter] stuart: you have a way with words you really do.
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>> he would have his way with diplomacy it's one thing to say he's not right for a particular job but a person is unfit and a phony that's tough to bring that together in a thick. so i think they'll make peace but not going to necessarily make partners. big difference. stuart: we've dealt with some of the political news of the day now on to money. we have a small turn arngd for dow industrials we were down and now we're up nine points i'm gong to call this a flat mark at 18.9 microsoft close to 61 and all of them except google which is down ever so slightly. how about the price of oil about about $45 a barrel. not oil is not really havingage impacts on the stock market at this point. gap stores i think they're going to -- close a few more pep and look at them go down nearly 10% down at the gap. same story at abercrombie and pism not a very good retail
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environment for them at least and they're down 12%. we have this too. an explosion at a bank in melbourne, australia. 27 people injured. a man is set to have set himself on fire inside the bank that caused the blast. some people have serious burns. police say it's too early to rule out terror. all right that's melbourne, australia. battle sowell reports of mass graves using shields. who's there? eleanor north colonel right in the middle of it reports from the frontlines, after this. i've invested a lot in this game and the returns i get out are measured in reps, huddles,bright lights, competition and games played.
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got if. check that big board no movement ten or 11 day officer the election gone straight up. this morning dead flat up five . the business software maker sales force, better revenue, nice out look for the future that is a big company. 3.5% gain for the the stock. now this battle for mosul continues in iraq. we have reports of mass graves isis has a lot of people in mosul. mass grave and they are using civilians as human shields. okay, lieutenant general, no lieutenant colonel oliver north he's in iraq. i'm mistakenly said moments ago he was in mosul he's not. he's got all kinds of reports from mosul. sir, it is yours be a reporter for us. what's happening in mosul? >> so stuart i will attack the promotion i appreciate it as long as the pay raise comes with it. look -- stuart we have spent the last several days out with ed along
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periphery of mosul and everybody understands mosul is not a kurdish city and kurds are not gong to send troops in to fight for a kurdish city for an arab are city but make sure that isis can escape and can't get back in to reenforce and isis won't escape into kyrgyzstan we have seen tens of thousands of them. many of them trying to get into kurdistan all of them in many cases very, very poor states. injured, wounded. critical element in afl all of that american, nongovernmental organizations. they're providing crucial support for food, water, shelter, the united nations has built refugee camps that are empty and a large part of the reason for that stuart, is they're held of civilians of mosul are being held mostly in west mosul. by the isis, as human shields as
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you pointed outs. we've been with iraqi special forces so-called golden division, there's three brigade of them third, second trained bit united states as special operation forces. they've taken massive casualties going intees beirut and with the casualty screening unit that had only americans providing from them. these aren't american military personnel but american civilians who have signed on with mgo one case you young united states mae and other from san diego and these two young men out there treated over 30 casualties in morning that we were there with them. so what you're looking at and look ahead is -- there's very little visessable american presence, in fact, we've had one local describe the situation as america is fighting this war by remote control. i know we keep saying it is an american led coalition. but there's very little visibility to americans we've been told we're not to take pictures of american military personnel. bottom lean of it stuart, had is
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going to go for a long, long time. >> over quickly. >> before we close i want to ask you a question about lieutenant general michael flynn heading the white house national security advisory team. your opinion please? >> i think he's one of the best to possibly be made for the job. as you know stuart i've worked for three national security advisors all of whom top flight people. he's picked a top flight to mac security counsel gives him what he needs and coordinate that will come out of the pentagon, department of state. intelligent services he has that kind of a background. i think it's a very good choice. stuart: okay lieutenant colonel oliver north we'll be seeing you at 8:00 you're back lieutenant colonel sorry about that. tbhaws the way it goes. on sunday night on the fox business network 8 to 11 that's war stories great stuff. we'll be seeing him right there. now, i'm going to bring you something which i'm going to -- i know i've got more on this breaking news.
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okay that trump transition senator jeff sessions up for attorney general job. mike flynn national security advisor at the white house. congressman mike p director we have the press release they are accepted in, they are in. got that, and the first major winter storm rolling in. the video is from colorado. that's a 20-car pileup on interstate 70. about a foot of snow to the rockies. it is going to move on to create blizzard-like conditions in south dakota, nebraska, northwest iowa and minnesota and bringing you this story a blockbuster from europe. a refugee camp relief worker, a translator actually says that muslim migrants speaking privately do not want to assimilate they want to dominate and eliminate christian values. governor huckabee is with us on that. it's a bombshell. and donald trump compared to ronald reagan are we entering a new reagan era? we ask a presidential historian
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after this. >> it's not intention to do away with government. it is rather to make it work. work with us welcome not over us. to stand by our side. not ride on our back. government can and must provide opportunity not smother it. foster productivity, not stifle it. as after a dvt blood clot,ital i sure had a lot to think about. what about the people i care about? ...including this little girl. and what if this happened again? i was given warfarin in the hospital, but wondered, was this the best treatment for me? so i asked my doctor. and he recommended eliquis. eliquis treats dvt and pe blood clots and reduces the risk of them happening again. yes, eliquis treats dvt and pe blood clots.
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eliquis also had significantly less major bleeding than the standard treatment. both made me turn around my thinking. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. while taking eliquis, you may bruise more easily ...and it may take longer than usual for bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. eliquis treats dvt and pe blood clots. plus had less major bleeding. both made eliquis the right treatment for me. ask your doctor if switching to eliquis is right for you. the market.redict but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor.
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for a free quote today. liberty stands with you™. liberty mutual insurance. stuart: in defeat the left turns back to its bible. "the new york times" says it has a net increase of 41,000 pay subscriptions since election day. new york times at $12 a share. how about o volkswagen lay u off 30,000 people trying to bounce back from the emissions scandal. the stock, though, is down at 27 this morning.
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now, this blockbuster story. an arabic translator working with muslim immigrants in germany. she says, they say in private conferses they want europe to be dominated by islam. get rid of these christians. governor mike is with us now, let me go through this. the translator in muslim refugee camps in germany she hears what they're saying in private. and in private they're saying we're not going to let our muslim kids play with christian kids but dominate europe and get rid eve christian value what's going on here? >> what everybody has been trying to explain to the obama administration. you don't bring people into america who don't want to be americans. it's one thing to say our board reverse open to people who want to assimilate into this country. to live the american dream, to embrace our constitution, our lawyers and way of life and cull clur but they want to destroy everything, burn our flag and wave the flag of the home country, forget it be. i'm sorry. that's not our responsibility.
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stuart: but in public these immigrants in germany are saying qept to asip late thank you for us. here we are, but in private they're saying the exact opposite. you know, that's one huge problem for angela merkel who invited them in the first place. >> all of europe is turning against this openrd boor concept seen it in brexit and france and germany and these are leaders who have made a bone headed decision to live this polyanaversion of everybody is welcome and yet we don't what your beliefs are and what i don't to do when they get here. you better care. >> what is donald trump going to do? president obama left him with plans for a huge increase in muslims coming to america as refugees from the middle east what's the president trump going to do? >> he's going to take care of america and protect our board bs he got elected because people don't want america to look like europe and become what they're having to fight off.
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stuart: do you think he could make christians a prosecuted minority therefore eligible for stabbers as real prosecuted refugees in america and you can bring with in those christianings. >> even those christians have to be very clear they want to come to america and be part of america. if they don't then they don't need to come either. but 57 muslim countries in the world that mumples would be more comfortable than they would coming here and feeling like they're going to have to abide by rule where is women are given acceptance and equal. they're not used to that culture and if they can't handle it and change america where we don't let them dry or go to school, thank you but no thank you. not a good place for you. >> governor will the me show you and our viewers what we just saw moments ago vice president elect mike pence arrivings at trump tower that's in the middle of new york city. we call it white house north. he spoke briefly with some reporters. roll tape.
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>> president-elect man of action -- we've got a great number of men and women -- [inaudible] come forward serve this new administration. humble to be a part of it. our agent team have begun to arrive at agencies in washington, d.c. this morning. beginning what is very confident will be a smooth transition that will move this country forward to make this country great again. >> governor huckabee about to take his microphone off to join governor pence. : i heard that may happen. see what happens over there. >> great to be with you guys always a great pleasure. >> now reare minder please jeff sessions senator jeff sessions has been off for the -- offered the job of attorney general and mike pompeo all
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official been off the job and taken them. three cabinet positions filled. back to the market, retailer for you abercrombie and fitch plummeting again. stock was at $84 a share is that was 2007. it came way down did it not? 14 as of today. all right, and this donald trump compared to ronald reagan what does the presidential historian think about that? we will be back.
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dress that marilyn monroe wore? up for sale and it sold for astounding $4.8 million. by the way, she had to be sewn into that. the time she is gave that performance of happy birthday, mr. president. 4.8 many. got it. virtually no change this morning down 12 points as we speak. how about the big name tech stocks following time we have for you. microsoft by the way pretty close. it was close to a record high. backed off a little bit. better profits at the discount retailer ross stores. that stock is very close to an all-time record high. lackluster sales and a down beat outlook from williams sinoma stock was town. now it's up. i'm not sure i can figure the stooct out despite 40 years of trying. we're watching trump tower, there it is. we call it white house north. big news today. we have the official announcement few minutes to go.
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jeff sessions attorney general, mike flib, white house national security. congressman mike pompeo cia, that's what's happening. that's announced today. come on in please. and ambassador james who used to have the cia job. what do you make of mike pompeo taking that job you used to have? what do you say? >> i think he looks like from his resumé i don't know him personally a excellent choice with a good reputation among colleagues. i think all three of them are good choices, and should do well. >> i get the impression that the obama administration never really kind of liked the cia. not sure about this covert stuff. am i right and do you think mr. trump will make a difference? >> i think that -- they regard main objective as having people believe that they were staying with the the narrative and the narrative was
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that we killed bin laden and so there are no more big problems at least it is close to that. and they like the cia to the degree that they track the narrative. but if they departed from the narrative, then i think the obama administration felt like there was some problem and we really had to get the facts straight so the facts supported the narrative. and that's backwards. you want to be o influenced more by the facts and not by the narrative. narrative is a public relations gimmick and not intelligence, and so i've had a problem with the obama administration all along on this point. >> your a great diplomat because you're saying that with a smile and i know you really felt it in your heart all of these years. what do you think the cia needs now more than anything else? >> i think it needs to
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concentrate on six or eight key turbulent and vulnerable places in the world vulnerable for us such as iran, such as syria. such as north korea. and not get bogged down in reorganization and adding more boxes to the briefing charts, and i think there's a cadre of professionals out there who can do that. i don't know the degree to which they've had that kind of incentive up up until now. maybe a bit, maybe not some. and i think that's the key issue. >> do we need to go more to human intelligence spies on the ground or can we keep relying heavily on electronic intelligence? flesh >> when you're doing this right the tip off the satellites and satellites tip off the spies, it is like the army. the army doesn't execute an
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attack just with infantry. it also has armor and aircraft and artillery, and to combine armed operations. same thing in trying to -- collect intelligence. they shouldn't get bogged down on one method. >> okay. james, a pleasure having is you on the show again. a key moment in time, i do believe. thanks for being with us. >> thank you. stuart: thank you, back to president elect trump, his campaign in 2016 that between in 1980 between ronald ray begun and then president jimmy carter. doug reid is with us he's a presidential historian. now doug, we reason these -- looked at these panel of the campaign, and how the vote went down, and the last minute went by plp trump. i want you to please look forward a little. is there a parallel between the way donald trump will be president not necessarily his policies but his style and that of ronald reagan. is there a parallel?
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>> i think there is opinion both of these men have been in show business. [laughter] and donald trump knows how to use james, they've both been divorcing and lead political movement. they both have had hostile media, presbyterians we can go on and on. >> but i always got the impression that ronald reagan snapped back, appointed good people and made the really big picture decisions. chief, chairman had of the board essentially i get the impression that donald trump will be somewhat similar. not a micromanagerrer like carter but establish a team and then figurings it out from the top. what do you ?ai >> say? >> i think we're going to get a little bit of both. you're right he has a reputation in some of the project, business
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projects he's been involved in with getting the thing started and then leaving alone stepping it out. let other people, he has a reputation for that. but he also can get involved in the details as u you've seen in this presidential campaign. and that can sometimes drive people nuts. especially -- [laughter] when it turns out to have worked. [laughter] >> that's true. stuart: now i think it seems like -- the press is giving donald trump a very hard time saying that his trance transition team is in chaos and rushing et cetera, it seems to me that donald trump has accomplished a lot in a short period of time and accomplished more than ronldz reagan did with his transition team back in 1980, am i right is this >> absolutely reagan it was six weeks before we heard an as announcement five week before carter six weeks again before we heard one from ronald reagan. my boss josh herbert walker bush made announcement after a week but he had been vice president
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for eight years. so he knew who he was going to pick. so it's a bum story, and i think it might be a bit of a gift to us stuart. because this story -- this narrative is so wrong. and so much disinformation that it reveals the attitude of the press. we can easily prove that this story that they say is too slow. trump is too slow out of the gate. had is so wrong good for us to pay attention to it because there will be more sophisticated stories of disinformation from the media now we kind of see their. with reagan they opposed him throughout the election and let up after he won because we were fating the soviet union. i don't see the media letting up on donald trump at least not yet. >> that's fascinating come back and more commentary through the presidency doug reid everyone. >> thank you stuart. stuart: back to some individual stocks. this one is -- ♪ see that death watch.
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or began that might mean that the stock rebounds. we are adverse advocate looking at alabamaer com bow and fitch retailer, obviously. adam shapiro come in please. that stock was at $84 in 2007 and now we put it on death. watch it 14. what went wrong? can you tell us? >> you'll recall theft controversy with their former ceo because they were being very specific with the kind of audience they were trying to reach for 20 years they were known as going after teenage customers. but they were also if catering to a very -- i don't know a better way to say it. but almost erotic marketing. they have incredibly attractive model, male and female, and they were always scantily dressed but then if you recall the controversies i think it was mr. jeffrey where they were saying they didn't want certain kinds of people in the stores. well he was pushed out but now they've tried to reevent themselves trying to tap into
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the 20-year-olds inner self rather than outer self stuart how many 20-year-olds know anything about their inner self that could be their problem they lost their message. >> i did hear that. i have a segue to breaking news just coming in. reuters is reporterred that donald trump ask is close to settling lawsuits relating to trump university. two in california, another in new york. the report settlement is for $20 reuters is reporting t ent-el considering his son-in-law for the a top job at white house. critics say trump cannot do that legally. we will discuss. supporters of hillary clinton calling for presidential pardon of hillary clinton. former prosecutor katy fang get set against she said it's a very bad idea and here she comings
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striding to the studio. these boots are made for walking. they'll walk all over me -- ♪ [laughter] our special today is the seared ahi tuna. don't you hate that? when they don't tell you how much something costs and you have to ask? maybe that's why i always make sure to... ... "bring up the costs associated with your services." i know. transparency about costs. just one way edward jones makes sense of investing.
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romney. >> look, mitt romney i had a lot of respect for him was hoping for him in '12 what he did in the campaign cycle destroyed that for me. it has hornl horrible but he's what the swamp is and what needs to be drained. donald trump is a genius and better person than me by reaching out to him but i don't think you're going to see him in any position that requires level of trust but someone, if mr. trump can find something of value from him he's going to take it, i think.
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[cheering] >> incase you dnt hear it or read it lock her up was the chant from the crowd. idea of a pardon for hillary clinton well floating around ever since the election made a lot of headlines including from jesse jackson who thes president obama to pardon hillary. roll that tape. >> sir clinton has not been legally accused in that a trial of conviction of anything. president obama should follow
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president ford's example and offer a pre-emptive full pardon that would be a monumental marvel and beautiful mistake to pursue prosecution of hillary clinton. >> now there's a lot of on sis to the idea of a pardon for hillary clinton. katy fang is with us. former federal prosecutor, and she vigorously opposes it. vigorously. >> i like that abverb although a u true humiliation for hillary clinton. >> it would be depending if she actuallyceps that pardon. accepts that pardon is admission of guilt if she were to take it yeah but a tickle for her. do you for prosecution for crimes that we don't know what she's done. we've been stone walled in learning full extent of her criminal activity or do you just basically say, you know what i'm not going to take that. i'm going to roll the dice not out of trump kas e know and figure it out. >> you were a lawyer and you wanted to prolong agony and have
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country go from investigation after investigation she said this, she said that. et cetera. do we want that pardon the lady and move on. what's wrong? >> look at what jesse jackson said he was preemptive and a lot of syllables but reality is was it politically motivated prosecution. the answer is no. if a crime has been committed you investigate it. and then you indict and then you charge. but at the end of the day i agree the american wants answers but weigh that on moving on and that's what jesse jackson says let's tick a deep breath an let the empire country move on. >> so you're saying no pardon let justice be done. let the legal institutions the course of law do it. that's what you're saying. >> going to glue factory no trump pardon no obama pardon no jesse jackson pardon and to have a fellow democrat saying she needs a pardon that's humiliating and advocates saying hillary clinton you've done that you should be pardoned for.
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stuart:now you're seeing my way. we have breaking news on tell the audience again about this. reuters reports that trump mr. trump, he's close to settling lawsuits relating to trump university. there's two in california . there's another one here in new york city. the settlement is reportedly $20 million. >> between to 20 to 25 million. >> what donald trump pace off plaintiff 20 to 25 million. >> initially i think might have been one of 40, so 20 to 25 million to cover california and new york. the plaintiff and class action lawsuit that was brought. stuart: before the election he said he would never pay them off. >> this month earlier before he was elected president of the united states, he said he was going to resurrect trump university and even pay a penny towards these plaintiffs. so now he's a kinder gentler trump and going to be paying the slents. stuart: doesn't mean he's admitted guilt. >> that's important thank you for bringing that up. in the settlement you don't have admission of liability doesn't
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say defrauded but settle to make it go away. >> could jared kushner president-elect's son-in-law could he accept a job in the white house under the laws of nepotism? >> there's an antinepotism statute that says had can't, however, been constitutionally challenged before and may be done again but the reality is this, kushner has his ear. why not an official position he's young, smart, he's motivated, why not reward him and actually benefit the american public by having somebody like that in the position. >> could be an counselor bit of attorney general and be a counselor giving advice to the president. >> always going to do that. >> paid for it as official position. >> he won't take the money may insulate himself to give him a safeguard against the antinepotism statute is. >> that means for likely that mr. kushner would indeed take a role inside the white house -- >> absolute power to appoint congress and has to consent so a hurdle there.
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he could say i'm doing it. i don't care about that statute and congress say you can't do it. >> you've been on this show a lot -- [laughter] >> i love it. stuart: never worked it out. are you a trurp trump s that's that's who i am, sir. stuart: generally you approve of the way the country is going -- >> in the whopping two weeks that we've been doing this?y. l. >> that's why i get igbucks. >> katy fang you're all right welcome to new york. are you headed across the road to trump tower -- 400 yards away is all it is. >> they need ambassador of south korea i'm available for that if that's what you need. stuart: no you're not. katy appreciate it. nasdaq we talk about that because it's at a series of records highs it hit one earlier this morning backed off.
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but it is still way up there. higher profit but lackluster sales at foot locker that is closing more stores than it is opening somehow or another the market likes that. it is up 20 cents now airbnb bookings in washington, d.c. near a record high thanks to donald trump. we'll explain that one for you. and now -- [laughter] this is going to explain what's going on here -- polar bear in canada stroking a dog. >> awe. stuart: by a dog sanctuary the man who shot the footage said he captured video of a lifetime i guess that's true. maybe dog looks like a baby polar bear but we markable. cute do you think polar bears are cute when they get ahold -- get out of here. ♪ that is lucky. we'll be back. looking for a medicare prescription drug plan
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or you can enroll online- it's quick and easy. remember, open enrollment ends december 7th. at unitedhealthcare, we're committed to helping you find the medicare part d plan that fits your needs and budget. that's why we offer three plans. like our new aarp medicarerx walgreens plan with one of our lowest monthly premiums and $0 copays for tier 1 prescription drugs when filling at any of the more than 8,000 walgreens nationwide. call unitedhealthcare today to learn more about your prescription drug options and find the plan that's right for you. ♪ ashley: as washington, d.c. prepares for donald trump's inauguration in january, locals trying to cash in, renting out spare rooms. airbnb, the site that lets you
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book a room in someone's home, their d.c. bookings nearing all-time highs. some are going as of much as $10,000. wow. we spoke to jeff dewitt how president-elect trump worked with ford to keep some of its production from moving to mexico. watch this. >> both sides are playing politics here a olive branch from bill ford looks like a victory to donald trump that is it pure politics, isn't it? >> it is politics but look at the side of 10 days, just 10 days into his being president-elect and ford is choosing now to keep production of one of their car lines here in america and that watts leadership and vision that donald trump went around the country with. so i know we're all happy to see that one. reasons that the stock market is hitting new highs, dollar is doing well. we all love king dollar. apple is now looking keeping some production in the u.s. and also, you know, one of the main
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things that will help business is killing the obamacare and repealing or replacing that which has been such a burden to business. stuart: okay. >> this is just another example of his leadership. ♪ ♪ ♪ ♪ how else do you think he gets around so fast? take the reins this holiday and get the mercedes-benz
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stuart: early today the news broke that the ford motor company would keep production of its lincoln suv in kentucky. it is not taking to it mexico. bill ford called donald trump to offer what is essentially an olive branch. it is not a huge concession since ford will still be sending small car production south of the border but it is early indication how the president-elect will conduct business. make a demand, wait for the counteroffer, negotiate. his style is beginning to emerge. look at the way he is filling cabinet post, basically, he is holding a casting call. bring in talent, interview them, sometimes pit them against each
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other, then make a decision. you are hired, you are not. reminds a lot of people of "the apprentice." it is different but it is certainly attracting talent and quick decisions. senator sessions to attorney general, mike pompeo to cia, mike flynn, white house national security advisors. ronald reagan did not appoint his first cabinet member until six weeks after the election. trump is moving. the media hates it! they keep talking about transition chaos. i will guarranty there will be name-calling, racist, sexist, islamaphobe, guaranteed. but the fact is, the white house north, trump tower, calling the shots very quickly and mike pence is draining the swamp in d.c. the trump administration is off and running. and the third hour of "varney & company" is about to begin. ♪
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stuart: all right. it's a modest loss after 91 minutes worth of business. we're off 40 points, 18,864. however the nasdaq composite, a lot of technology stocks in this it hit a lifetime high earlier. it backed off. now down 13 points. it is a big tech though, the big technology companies. they're the ones have been beaten down after trump's election victory. but the smaller companies, they emerged into a record high for the nasdaq composite. the backdrop to all of this is record, 14-year high for the u.s. dollar. that is affecting price of crude oil which is down to $44 a barrel. ashley: high dollar really hurts oil, it become as lot more expensive for other people to buy it. liz: pricing of it. ashley: priced in dollars. stuart: price of oil has a lot to do with value of u.s. dollar. looking king dollar. down goes oil and gold.
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we don't spend much time discussing dollar. if you viewer, want to go to london for relatively cheap vacation, now is the time. believe me, the dollar is still king. here is the news, president-elect trump is taking credit for ford's decision to keep the kentucky plant which makes smaller lincoln suvs, keeping production here instead of taking it to mexico. apparently bill ford, the guy who runs ford motor company, had a call with donald trump and they kind of got together over this. trump's claiming this is victory. not so much. ashley: i think it is ford trying to make some, get some credit out of this. i think it was decided a long time ago that the making of the lincoln mkz in louisville, kentucky was staying right where it was. ford also announced just the other week or within the past few days that it was moving production of the ford focus to mexico and $1.6 billion new
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facility down in mexico. that didn't go down well. obviously not with donald trump. i think this was an attempt to say look, we're not all bad. we're going to keep this facility in kentucky. they were going to anyway. stuart: bill ford offers olive branch, keep the lincoln suv in kentucky. yeah, great, let's do it. i win. ashley: he will make some hay out of it. okay. stuart: okay. now looks like we've stalled on the way to dow 19,000. we have clearly had a trump rally but we've not made it to 19,000, at least not at this moment. part of this, the backdrop as we said before is the 14-year high for the u.s. dollar. when do we hit 19,000? make you a, fox, stock market analyst. liz: quick, i think we hit it early next year. we were talking down 19,000 last year. all market doom and gloom, last week, after the election.
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now surprising we're talking dow 19,000. i find it as strong niching. stuart: it really is, isn't it? this line again, who would have thought. king dollar almost n-k. that's right. we'll stay on trump dollar watch that is the center of action. this transition team, we keep calling it white house north. they big announcements, appoints have been confirmed. this is what we learned a couple hours ago. senator jeff sessions will be the attorney general. lt. general mike flynn will be white house national security advisor. congressman mike pompeo is going to the cia. fox news confirms all three have accepted. and that is the case, liz. they're off and running. liz: that's right. senate majority leader mitch mcconnell spoke with jeff sessions pledges full and complete support for any potential cabinet position.
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should be noted jeff sessions spent 12 years as u.s. attorney for the southern district of alabama from '81 to '93 but ted cruz and rudy giuliani were considered for attorney general spot. now it appears jeff sessions. stuart: lt. general, i always get the ranks wrong, i will get this one right. lt. general mike flynn, michael flynn,'s be precise here, he is essentially going to be national security advisor. liz: for the white house. stuart: for the white house yes, that's correct. liz. he is under attack. quote from "new york times," mr. trump and general flynn both see themselves as brash outsiders who hustled their way to the big-time. they both post on twitter often about their own successes and they both at times crossed the line into out right islamophobia. there is a sin. joining us general jack keane, fox news military analyst, retired four-star general and frequent guest on this program.
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what do you make of lt. general michael flynn for national security advisor? >> well, i've known mike for years on a professional level and a personal level. he's a bonafide intelligence expert, holding the highest position of the in the uniformed military you can hold at the defense intelligence agency and that provides national intelligence to our leaders but he also has held intelligence positions at our counterterrorism unit which is called the joint special operations command and also at central command which oversees all of the challenges in the middle east and to include afghanistan and iran. clearly he has a relationship with the president-elect that goes back to the beginning of this campaign. and i think when it comes to a national security advisor, much like a chief of staff, most presidents reach out to somebody who they know, they trust, they have had some kind of a relationship with them, because they will see this person
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virtually every day, likely multiple times a day. stuart: the way he, mr. trump, is soar of meeting people, bringing talent in, sometimes having them go at each other for the same job, reminds me of "the apprentice." it seems like it is a casting call a bit like that tv show. i believe that you met with president-elect trump yesterday at trump tower. is it a bit like that, a casting call, "the apprentice"? >> no. stuart: no? >> no. very clear -- stuart: go ahead, general. >> he has very clear, you know, who he wants in these positions. now there have been some people, i think who have, who believed they're being considered for certain positions out there talking to the media about it but i think he takes his counsel very closely and i think he knows who he wants, and i found him frankly, i had not, i really don't know him.
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i shared a man of the year award with him in new york city a number of years ago but i don't know him but i found him very personable, engaging. in my lane, national security, defense, foreign policy, he like other presidents doesn't have depth of knowledge and he knows that he asks excellent questions and he and his people really want to know and they want to succeed. they want to do what is right for the country. it was a, a great meeting from my perspective. he owns content what was said at meeting. it was his mighting. i don't talk about that. stuart: that is understood, general, we won't ask you about that. we're glad to have you on the show this morning and hope to see you again real soon. >> always food -- good talking to you, stuart. stuart: we have breaking news. president-elect trump will meet with mitt romney tomorrow, not sunday. there are other names on tomorrow's schedule. what have we got?
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ashley: going through all of these. mitt romney you mentioned. michelle rea in the area of education. stuart: michelle rhee i know for a fact pro-school choice, charter schools. that is a wonderful thing. thank heavens in there. andy puzder. ashley: andy puzder. bob wood sown, center for neighborhood enterprise. real wide range. andy puzder, restaurant owner. good to get a sense of the business community out there and then the finance chair of the republican national committee, mr. eisenberg as well. so it's a wide range of different areas of the economy. bringing them all in. liz: forgive me, the ricketts battle? they were in a pitted battle with donald trump. they criticized donald trump. he will bring them into the family. stuart: like mitt romney. by the way, for example an
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friends host ainsley earhardt had a chance to sit down with future first lady melania trump. she will join us in a moment to share the experience of interviewing melania trump. she will give her opinion on the type of woman melania trump will be in the white house. here she comes. ♪ the microsoft cloud helps us stay connected. the microsoft cloud offers infinite scalability. the microsoft cloud helps our customers get up and running, anywhere in the planet. wherever there's a phone, you've got a bank, and we could never do that before. the cloud gave us a single
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mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. >> what did you think about becoming first laid of the united states if donald trump does win? what do you envision as first lady? >> in the 21st century very important now we see social media. it can be very, very bad and, i see activity that children go through and, it's really sad because social media could be
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positive but could be very damaging as well. and i would focus on that as well. >> there are a lot of people that want to hear more from you? >> it was my decision not to be on the campaign trail. my priorities are our son and i want to be a mother first. stuart: you saw it right there, rare interview with the first lady, the next first lady. that is melania trump of course. one of the few times she appeared at campaign. the person who had privilege of doing that interview, ainsley earhardt, "fox & friends" co-host. welcome to the program. >> thank you very much for having me on. stuart: what did you take away? shoe was rare interview. >> i worked on that for a long time. so grateful to get the interview. stuart: she is the next first lady. what did you take from that? >> pretty incredible. i walked away knowing she is a strong lady and i have a feeling he is a little scared of her. she is pretty strong. based on things he got caught saying. what am i going to think is she
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a weak woman that allows this? not at all. they had a lot of conversation about it. she wasn't happy about it. they decided to move on. i like the fact she said, it is my choice to be not on the campaign trail. people ask where i am. i put my son first. as a mother i understand that. because the dad is at road. can't have both parents on the road all the time. who would be home with the child. the child needs consistency. that was extremely important to her. she speaks five different languages. this is the american dream. you know better than anyone. stuart: i do indeed. she was a foreign accent. she is foreign-born. she is strong woman. do you think that went down well with the white working class in formerly blue states that put donald trump into the white house? >> absolutely. her story is the american story. people want, we like the idea that he preaches you can, if you work really hard you can, you can get anywhere. you can become president of the united states. stuart: you are right. the left has taken up this mantra that somehow or other donald trump is anti-immigrant. that is not true.
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>> he married one. stuart: illegal, criminal immigrants. >> exactly. he is anti-the guy who killed kate steinle in california. the guy who had been deported over and over and kept getting back into the city because of sanctuary city laws. he is against that. this was a criminal with a long rap sheet who killed a girl walking the pier with her father. stuart: that was a big deal. >> yeah. stuart: thank you, ainsley. you're not done. >> next topic? stuart: okay, the book. it is titled, "take heart, my child." there it is on the screen. >> yes, sir. stuart: you virtually sold out. this is number one, already? >> it is. by the grace of god it is. that is accurate. number one still. we sold out yesterday. it is still number one. i thank you all getting that. we're getting more books on amazon. there are other ways to buy too barnes & noble and ainsley earhardt.com you can see a lot of different sites. a lot of bookstores has the books, reprints. we're reprinting more. we didn't anticipate to be so
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great. because our viewers are the best. stuart: you have got in the book, you have series of your father's inspirational notes. >> correct. stuart: did he used to leave one every morning? >> every morning he left a night to our cereal bowl. stuart: give me a favorite. >> favorite was what walt disney said. i hope i'm never afraid to fail. you got to take the leap. i write that in the book. don't be afraid to take the leap. he also told us that you have two things thaw control, your character and your reputation. no one can take that away from you. life is not a dress rao hearsal. you have one shot, if you're not happy -- stuart: on the cereal bowl. >> if you're not happy, never to late to change your course. that is in the book. stuart: i have a tear in my eye. cold-hearted foreigner. liz: breaking news. >> like a donald trump story. my dad is extraordinary guy. put himself through college. a normal guy, a best-selling book now. stuart: we love it. we love it.
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miss ear heart, you're all right. >> thank you for letting me talk about. thank you. you're all right too. congratulations on your success. stuart: i'm an american citizen. that is great success. >> number one show on this channel. stuart: what do you think the producer is saying in my ear. wrap, wrap, wrap. >> sorry. stuart: now this, donald trump and mitt romney will meet this weekend, tomorrow, actually, despite all of the campaign attacks from both sides. we'll deal with that in a moment. but first, do you remember this? >> donald trump is a phony, a fraud. his promises are at worthless as degree from trump university. >> he was begging for my endorsement. i could have said mitt, drop to your knees, he would have dropped to his knees. he was begging. >> there is plenty of evidence that mr. trump is a con man, a fake. mr. trump has changed his positions not just over the years, but over the course of the campaign. >> mitt is a failed candidate. he failed. [cheering] he failed horribly.
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for a free quote today. liberty stands with you™. liberty mutual insurance. stuart: plenty ever action at trump tower today. we call it white house north. there have been some major announcements confirmed for key positions. connell mcshane is right there at trump tower. what are the three key positions
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tell us, please, connell? reporter: well the attorney general is one of them, stuart. cia director and the national security advisor. interesting getting all three ahead early ahead of what administrations done. jeff sessions long time advisor and former attorney general from his days down in alabama. mike pompeo from kansas, as cia director. both will require confirmation. mike flynn, national security adviser does not have requirement of confirmation by the senate. we have the three announcements to make, as pete shows you down the block here between 57th and 56th street in new york. this whole area was filled up with tv cameras. a lot of it was foreign media with the japanese prime minister was in town. things quieted down. barricades are still here.
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some selfie takers. some not so big fans of president-elect. maybe it quieted down a little bit because president-elect trump will be only few more hours. he is headed out to new jersey for his golf club where the big meeting with mitt romney will take place over the weekends and things which quiet down which i don't think many new yorkers will complain about. stuart: thank you so much, connell there at white house north we call it. now let's get to the democrats. president obama during his overseas trip told anti-trump protesters to march on. we'll have more on that in a moment. ♪
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stuart: the ford motor company has announced they will keep the plant open in kentucky. bill ford spoke to donald trump. they made the decision, the lincoln small suv, not going to mexico. and rawlins is a trump supported, raised money for donald trump, is this considered a victory for donald trump? >> anytime you keep manufacturing product here. >> that plant was never going to move anyway -- >> we still have jobs here, more
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jobs, the inspiration or actual negotiations. stuart: you are backing up the whole team very well. but these guys take a second look, cars and stuff here. stuart: the basic manufacturing. >> you will not beat people later but corporate tax, the regulations office, at the end of the day it will be a better environment to do this. stuart: we had three appointment announced today and confirmed, immediately the opponents are name-calling, mike flynn for example is an islam a phobic. the attorney general, he is a racist, coming at you. what is going on?
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>> i don't want them to call me a fat old man. there is a brutality today, distinguished careers, my sense is other people will be picked, very good choices. stuart: mitt romney is meeting with president-elect donald trump, it is tomorrow, what do you make of that, the history of the campaign. >> speculation is he might be a candidate for secretary of state, i am all for rewarding people, romney was very brutal against him, romney had his run at the presidency. i don't think you need to have co-entities, trump's administration needs people -- not saying romney is not disloyal but it won't help trump supporters to see him come in.
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stuart: good meeting -- >> say nice things, keep him the good position. stuart: president-elect trump meeting with general james mathis tomorrow. ashley: james rosen at fox news, general mantis is taking part in a vetting process for position of secretary of defense. this report says interest has gone up since general jack keane went through the report for personal reasons. it is interesting and mathis is coming into focus. he succeeded general david petraeus as us central command, he has tremendous military experience. the report says mister trump is looking at having a deputy secretary with a ceo type who
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can look at defense spending and management systems, it is a different approach. and army general, secretary of defense but the deputy is more from the business world. stuart: what do you make of that? >> decking recently lost his wife. i don't know if that is the reason but it would have been a great choice. any guy gets three or four stars, they got gone to a real pyramid, super managers, superpeople, people like general david petraeus, they are superwarriors, they need the defense to get on the right track. stuart: the idea of having a deputy. >> a big entity, big battle over money and resources. having people on the outside or inside.
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stuart: the bottom line, donald trump's style, the start of a business, that is exactly how it is conducted. >> people challenge me and on a regular basis, the most important thing is the ability to make tough decisions, make sweeter or four a day, the ceos have to make tough decisions. stuart: that dealt with president-elect donald trump and moving on to democrats, i will say they are in disarray, trying to choose a new chief of the dnc, sharing the party apparatus essentially. the choice, it seems to me left and far left, howard dean and keith ellison, joining the is juan williams, ever popular guest on this program despite the fight we get into. welcome back, good to see you. >> don't know what is going on
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with you. i see you interviewing ed rollins and you do your normal intro, trump gets all the credit in the world because the auto plant is not leaving and here i am dealing with varney again and then you tell the truth, this plant wasn't going anywhere in the first place so now you are challenging trump people. stuart: you are brilliant because you know what is coming at you. ellison versus me. >> i want to be clear who i am dealing with, your trump all the time but now you are willing to challenge, take an adversarial position which is what a good journalist should do. if that is true hats off to you. stuart: you are talking to an american citizen. >> with regard to the dnc, what you have got is a situation where you have, remember, young people under the age of 35,
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activist base of the democratic party, old and out of touch and not sufficiently aggressive in challenging the republicans, they want -- stuart: a far left a guy? you think democrats can win with a far left guy? >> i am saying win is a separate question. stuart: two years -- you think democrats could do well with an arch leftist, the scream guy, or keith ellison, $1 trillion tax increase, would either of those guys running the apparatus, you think you will make headway in the next two years? >> i don't believe -- i understand the feeling they are too far left and out of the mainstream but let me tell you
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this. since trump won donations to the democrats, way up, democratic activism way up. when you read the new york times, here is what they say, we have got to as a democratic party not back down, not get discouraged. stuart: which anchors the democrat party to the left. >> i am not arguing that. stuart: you think i could be a winning situation? >> i don't know but you can see on capitol hill a challenge to nancy pelosi coming, not necessarily from the left, that is more from the center. stuart: she's going to win. >> sheet will win because she has big money. stuart: she is a leftist and will stay there. your party has been taken to the left by president obama and going further to the left in defeat. >> young people, and i think a lot of the liberal leftist organizations, the environmental groups, immigration groups, want
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this right now. stuart: ever heard the following expression? if you are not a socialist by the age of 25 you have no hard, if you're still a socialist after 25 you have got no head. winston churchill said that and he was right. he might be right about these youngsters dreaming of socialism but as soon as they get to a more mature age they drop it like a ton of bricks. >> as soon as they start looking at the paycheck wondering where the money went. stuart: funny you should say that. for once in your life you are right. >> let me say this. at the age of 62, i am no socialist. i am a capitalist but i think what you have are people who are rational capitalists who say we can do a better job running this country than donald trump. stuart: rational capitalists. hold on, we have a minute left. >> go ahead, take your shot. the circus is in town. stuart: how about a pardon for
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hillary clinton? either from president obama or incoming president trump? >> this is ridiculous, the only reason you bring the subject up is the vindictive nature of some on the far right. stuart: i am vindictive. >> you want to prosecute hillary clinton. stuart: i want to pardon her. >> you don't pardon somebody unless they are guilty of a crime. >> you can preventively pardon. >> you are trying to preempt republican congressional investigations that would be continued if it was continued with no basis. stuart: a pardon of hillary clinton would be the most "cavuto coast to coast". >> that is what you want it. stuart: i would really wanted to clear the decks. >> you want having defeated hillary clinton, having seen the democratic party humiliated you want to dance on the grave. stuart: don't wag your finger at me. >> i have been here a while and that is unappealing, that is not
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american. stuart: really -- i had the free choice, as an englishman or do i choose to be an american, i choose to be an american, did you choose to be american? >> my mother did. what do you know? >> he knows everything i taught him. i was at the white house and was one of your sources. i have known him a long time she has become very capitalistic. stuart: that is right. a regular guest on friday mornings, i will make you a real capitalist. >> you will make me rich? stuart: killing me. my eardrum has been pierced by the sound of rap rap rap.
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you know what else they are saying? who else is with us? anti-trump protesters came to america to keep doing it, he says, they are right, he says, charlie kirk, frequent guest on the program sounding off on hannity about that but first, listen to this. >> a safe space spreading on college campuses, micro aggressions, trigger warnings, colleges have become a place where they want everyone to look different but think the same. how dare someone challenge that liberal orthodoxy on college campuses? it deserves to be marked quite frankly.
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>> i matter schapiro on the floor of the stock exchange, take a look at what is happening with market, down $19,000, dollars and 32 points, s&p 500 are 5 points, nasdaq 15 points, the nasdaq touching a tight level in the trading session, the last intraday high record from the nasdaq stock leading the way today, better than expected earnings, profits rose 13%. the people who make turbotax and quickbooks posted 9% increase in revenue, that stock up 10% and
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feel strongly or concerned about some of the issues that have been raised during the course of the campaign, i wouldn't advise them to be silent. stuart: that was president obama in germany yesterday, he was saying protesters in america march on, keep it going, that was his point of view but charlie kirk, guest on the program says here is what he said on hannity, parole tape. >> here's what i can't understand about the left, when will they realize this is one of the reasons donald trump won. the political correctness wave that worked across the country donald trump with a sponsor that, donald trump was so effective at being able to speak to middle americans that are fed up with the safe space spreading on college campuses, micro aggression, trigger warnings, colleges have become a place where they want everyone to look different but think the same. how dare someone challenge that liberal orthodoxy on college
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campuses? this deserves to be marked quite frankly. stuart: the man himself is here, charlie kirk, come on in, turning point usa founder, i want to talk about the meetings you have been holding in trump tower all week long. you can't tell me, how was business conducted? >> and alternate reality, the president trying to paint, looking through my iphone, the transition is in total chaos, total mess, it is so well run, reince priebus doing an incredible job, steve bannon, a very methodical process, they had a schedule with cabinet appointments. if you look at the graph bill o'reilly has been using, past president started to appoint cabinet positions, trump is far ahead of schedule, they know what they want to accomplish. this is like the avenger team for freedom, and all-star team being put together.
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from my personal perspective i can't talk about what has been discussed but it is so well organized and methodical people will be impressed, it is run like a business. or did you show up? >> i showed up. went to the starbucks. some people in the trump family and abroad generalities, the importance of youth and millennial engagement, talk about how this administration should not let young people go by the wayside, for far too long it ministrations, republican and democrat, bush and obama catered specifically to older americans and my whole point to the trump family and trump advisers, why don't we have an agenda targeted specifically at the largest voting bloc and largest lock of individuals in american history, millennial's, we will have to pay for this nonsense, suffering under these policies. stuart: that is why you are there, you run a political action group, you were there
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representing youngsters, you were making suggestions how to get to it, you can't answer the question. >> abroad generalities. i would love to advise, i would love to help steer. travel to college campuses, fight nonsense and protest, the political battle is over for now, now we have to fight the culture. stuart: never seen anybody so energized as charlie kirk. >> i get the energy from you. stuart: note you don't. too old for that. one thing that fascinates me is the way people look at donald trump when they are in the room with him. two weeks ago he was a candidate. now he is the president-elect. look at the man differently. something about the guy, he is the president of the united states. >> the president-elect, people who were denouncing him two weeks ago, he is unfit to be
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president, no wake -- 48 hours later i think he is great, being a pragmatist, people have spoken. i am relishing how wrong the media was, it is not over, the pundits, experts, the american people spoke. stuart: you will be on until you run for political office like next month. good luck, nice to see you. got to bring you this, harry reid, the world was going to be destroyed after trump won the presidential election. that is what he said. we will deal with it but first, listen to this. >> a system where she lost four states by 400,000 votes combined, did well to accept that 24 hours after the election but i was concerned is the world going to be destroyed? ♪
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election, the election of hillary clinton, i understand the electoral system. a system where she lost four states by 100,000 votes combined. i was concerned is the world going to be destroyed? >> is the world going to be destroyed? ashley: it shows quite frankly how out of touch he is with reality. here we are in the days after -- how long is a been? 9 or 10 days? someone conducting himself not in disarray, disappointments, listening to all points of view, the world has not blown up, markets have responded positively, there is a sense of optimism that would not have been there if hillary clinton had won. stuart: senator harry reid is retiring, running democrats in
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the senate for many years, you could say that. when president obama first took office, the leader of the senate for the first two years, he lost control and as the years went by democrats lost more governorships, state legislatures, house of representatives members, it went down hill. what capped it off was when he stood on the floor of the senate protected by those rules where he said mitt romney hadn't paid any taxes. he knew it was a lie. hold on a second, coming at us, breaking news from the trump transition, the president-elect spoke to the nato chief. he spoke in brussels, the secretary-general of nato,
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donald trump was critical of nato, particularly how much money the united states was spending to protect europe. what we know from the phone call they agreed about the enduring importance of the military alliance, but did talk about defense spending and the progress made on the fair burden sharing but there is more to do. stuart: not quite the world coming to an end. ashley: sounds reasonable, reached out, speaking to the guy who runs nato. stuart: did it all from trump tower, 400 yards that way. what a great show it has been this friday morning, we are back with a little bit more after this.
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>> there she is. stuart: charlie kirk, jeff sessions, mike flynn, all regulars on this program. a parade of "varney & company" guests in and out of the white house north. we just love it. neil cavuto, our time is up, sir, it is yours. neil: thank you very much, stuart. we're following ins and outs of that building there. donald trump will be leaving shortly for new jersey where he will be meeting with some pretty big dudes in their own right. of course mitt romney among them. ahead of that we're getting word a little bit more details donald trump in advance talks to settle that trump university class-action lawsuit. remember these were a bunch of kids who claimed that the real estate secrets they were promised and business expertise mr. trump would share didn't pan out. now they were sued. they were looking at 40 to $45 million in damages. early reads it looks like it will be 20 million, or 25 million. this would resolve tentatively lawsuits that were filed in the
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