tv After the Bell FOX Business November 30, 2016 4:00pm-5:01pm EST
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you don't want to own, mismatch of tngs you want to buy are cheap cyclicals. liz: patrick, great to see you. [closing bell rings] doesn't look like it is meant to be on the final trading day of november. we're not at the dow record. we're at closing bell. maybe we'll settle. connell, melissa. >> pretty close. liz, thank you very much. this is november to remember, that's for sure. not a new record of stocks. that's okay. we'll live through that. connell: oil is fueling rally. spiking on news of a deal that hasn't happened in eight years. i'm connell mcshane in once again for david asman. melissa: i'm melissa francis. this is "after the bell." we have you covered on all the big market movers. here is what else we have for you coming this hour. wall street likes the
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donald trump's picks for treasury secretary and commerce. what steve mnuchin and wilbur ross will get done in first 90 days. secretary of state is still on the table. trump has it narrowed down to four names we're hearing. we'll tell you who is the on the short list. vice president-elect mike pence getting down to business on capitol hill. meeting with senate majority leader mitch mcconnell at this hour. we'll bring you details this hour as they unfold. connell: close but no cigar. the dow shy after record high. lori rothman following all of that with major moves in the markets from the floor of the new york stock exchange. the big news today covered by phil flynn out at chicago, the price of oil. phil a fox business contributor joining us from the cme there. boy, what a day, right? did i hear youarlier saying we could go to 60 on this thing? >> you bet i did. tell you what, the markets sure suggesting that right now.
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this historic agreement is right now. we are doing this at time global demand going up. we got a report from the energy information agency that september demand was up 1.2% from year ago. opec doing perfect time for them but actually a good time for u.s. energy producers still producing one mill barrels a day lower than the peak. they really have to come back in the u.s. energy industry. this will help not only opec, it will help the u.s. melissa: phil, thank you so much for that. lori, energy among the biggest drivers today as well, right? feeling effect of oil? >> if it wasn't for oil, and energy producers, melissa, the dow probably would not have managed to hold on to gains, slim gains at closing bell. a selloff at the close, dow will end slightly higher. marathon was biggest gainer, 20% on s&p 500 index. it wasn't even main line oil
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companies. big integrated names but some of these exploration companies which really powered the s&p 500. for its part even though the s&p was down today wrapping up the month of november, s&p will gain 3.6% on the month and snaps a three-month losing streak along with the dow jones industrial average. you're looking at biggest winners on the s&p this month. harmon, make speakers and such for the auto industry. interesting marathon oil and transocean and marathon. dow winners this month, goldman sachs, jpmorgan, bank stocks, big banks with the trump rally here, this expectation of banking deregulation has really been quite a boost, given quite a boost to the financial sector. back to you. melissa: very true. focus on winners for the month. i like it, lori. thank you very much. connell. connell: to that point the president-elect did make couple major announcements to his economic team. wilbur ross as commerce secretary, steve mnuchin as
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treasury secretary. they joined our maria bartiromo this morning to talk about their plans to work together. >> we were very much a team for the campaign. we've known each other for quite a fewers years this is nothing new. working together will be hallmarks of this administration. >> absolutely we'll have integrated plan to work between commerce and treasury to drive growth in this country. connell: we're joined by jared levy, profitable trading.com. kevin kelly from recon capital partners. jared, this idea of tandem of mnuchin and ross working together. what issues, what eschews could you see them working the most together on, treasury and commerce? >> six years since 2010, we've been averaging 2% growth in gdp. their target is 3 to 4%.
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to make that happen you need serious synergy in the administration. i'm curious, donald trump is taken i don't like the low rate environment. i don't like how the fed manipulated or artificially boosted economy but we'll need to see some creative stimulus if you will. we'll call it stimulus maybe, he won't call it stimulus. but the fact they're he collaborating makes me feel better executing. i don't know about 3 or 4%, initially i would be long the dollar. i think they can do it in the first year with consumer support. connell: cutting taxes and spending money on something like infrastructure spending. could be stimulative to the economy. >> certainly. connell: the goal jared is alluding to, kevin is growth. are you confident going in here? the only hold-back, maybe some people on wall street we tell you some of the stances we her on trade but what is your take about the tandem we heard today. >> i'm extremely bullish of this tandem they have got going on. one of the reasons, if you look at united states it has highest corporate tax rate in the world. that is shame we have higher tax
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rate than france, italy, germany who are socialistic systems. look what that will do. that will benefit smaller businesses. they could not take advantage of maneuvering large caps could do. you've seen a run-up in the russell 2000, get benefit of the dollar as well it is easy, dodd-frank, 22,000 pages of regulation came out of dodd-frank, written by alphabet of soup of agencies, not the legislature, right? you have cfpb coming in, mandating exchange swipe fees. this will be great for the consumer and small businesses. great for the economy. you will easily see 3 to 4% also because of tax benefits. melissa: all right, speaking of that, treasury secretary nominee steve mnuchin urging importance of economic growth moving forward. >> our number one priority is sustain three to 4% gdp. this has been administration the last eight years where we haven't had enough growth. melissa: jared, what kind of growth?
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what do you think this will do for our overall economy? >> all right. so there are a couple of pieces to this. the repatriation piece is big wildcard. that could be a big boon that could to sort of offset some other issues i see there. i think in the first year, the growth is going to be he three to 4%. why? i think consumers will be there to support that, right? we have a lot of confidence building right now, a lot of small businesses as kevin just said will benefit of repeal from dodd-frank. that enables them to free up and keep money flowing easily. beyond a year it becomes more difficult to sustain at 3 to 4% just because we're so deep into this. again right now, you got to be positive, trade with the trend. the trend right now is strong dollar, strong gdp growth for first year. connell: before we go to kevin on this, one other piece of that interview from mnuchin is interesting he addressed how the the administration might talk about taxes and strategy to bring corporate profits back here to the united states.
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watch this. >> the combination of lowering the corporate tax and one-time 10% repatriation tax will get cash back here. we think there will be hundreds of billions, if not trillions of dollars that will come back. that is going to create infrastructure and create jobs. connell: talk about this. kevin for a long time think about companies like apple, what is your take how this will work out? >> it is great use of money and good fiscal stimulus we've seen actually the fed ask for. you're seeing both sides of the aisle talking about some sort of a stimulus plan in repatriation. what it will do, it is going to actually take the cash sitting their idle. that is not the highest and best use of that capital. it will come over here. not all 2 trillion will come over but but a significant chunk of it. we could see 50 to 60%. it will be put back into labor uses because we see peak margins. companies need to reinvest in their businesses as they have not done before. they have increased dividends or
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done share buybacks. this will help increase labor. melissa: 24 year employee of carrier responded to president-elect donald trump's announcement that he reached a deal with the company in order to keep close to 1000 jobs here in the u.s. listen. >> i would like to tell him thank you for going out of your way and taking your holiday away from your family and working on the carrier and employees deal, sticking to your word an going to bat for all of us at carrier and keeping our jobs here. like to thank him and mike pence for doing it so quickly. melissa: yeah. jared, i would be interested to see the mix of carrots and sticks that were used here in order to keep these jobs here. we really, devil is always in the details. we don't know what they promised. we know in the past the governor clawed back some of the advantages they had gotten when they said they were going to move jobs overseas or down to mexico.
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what do you think went on here? >> i don't know. i would assume combination of sort of some tax relief, right. that is probably easiest way to do it and maybe other advantages. tell you what, the fact he hasn't become president and what he has done with carrier and what he has done with ford, if he can standardize that across the board and use that in conjunction with repatriation benefit that is the way to really get things going. again the devil is in the details. you have all different types of businesses and angles hard to make it blanket sort of thing. there are thousands of companies in the u.s. melissa: that is not so much i worry about, kevin, i want to keep jobs without question. i worry, kind of, when you start, how artificial is it? what are you giving away? sort of what's going on in the details. if it's a tax benefit makes sense to me because companies should keep money they're making. give less to the government. the government is awful with money. beyond that i want to see what is going on. what do you think?
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>> i think there are a lot more moving parts behind this than i can see. carrier is division of united technologies, a big industrial conglomerate has foreign deep business with the government. melissa: right. >> donald trump could be like, hey, you guys like government confidents over here, we like our jobs where they're at here. talking about wilbur ross. wilbur ross said time and time again that we'll look at nafta. we can't have trade deals that one-sided to benefit one party. i'm sure there is a lot of uncertainty, moving jobs to mexico, can you benefit. there uncertainty if you move and transfer jobs if you get benefits under current structure. that is up in the air. why deal with that hassle. work with the government so you keep expensive contracts with them. melissa: what is the price of final product when done building them. all americans buy the products. keep the whole picture in mind as we look at this. gentlemen, appreciate it. connell? connell: as we continue here the death toll is rising with these
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wildfires that rage across eastern tennessee. hundreds of homes and businesses have been destroyed. the danger far from over. we'll get you an update from the ground. melissa: prioritizing the presidency. what donald trump is planning to do in order to silence some of his biggest critics. connell: vice president-elect mike pence getting down to business on capitol hill, meeting with the republican leadership at this hour. >> my word with as i went to capitol hill talking with members of congress, buckle up. it is not just going to be busy 100 days, sean. it will be a busy 200 days. a1c s by activating what's within me s with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises.
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i take it once a week, and it works 24/7. it comes in an easy-to-use pen and i may even lose a little weight. trulicity is a once-weekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes. it should be used along with diet and exercise. trulicity is not recommended as the first medicine to treat diabetes and should not be used by people with severe stomach or intestinal problems or people with type i diabetes or diabetic ketoacidosis. trulicity is not insulin and has not been studied with long-acting insulin. do not take trulicity if you or anyone in your family has had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2 or if you are allergic to trulicity or its ingredients. stop using trulicity and call your doctor right away if you have symptoms of an allergic reaction, such as itching, rash, or difficulty breathing; if you have signs of pancreatitis such as severe stomach pain that will not go away and may move to your back, with or without vomiting or if you have symptoms of thyroid cancer, which may include a lump or swelling in your neck, hoarseness, trouble swallowing, or shortness of breath. medicines like trulicity may cause stomach problems,
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which could be severe. tell your doctor about all your medical conditions and any medicines you take. taking trulicity with a sulfonylurea or insulin may increase your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may cause kidney failure. with trulicity, i click to activate what's within me. if you want help improving your a1c and blood sugar numbers with a non-insulin option, click to activate your within. ask your doctor about once-weekly trulicity. do you have thecare? coverage you need? open enrollment ends december 7th. so now's the time to get on a path that could be right for you... with plans including aarp medicarecomplete insured through unitedhealthcare. call today or go online to enroll.
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these medicare advantage plans can combine your hospital and doctor coverage with prescription drug coverage, and extra benefits all in one complete plan for a low monthly premium, or in some areas no plan premium at all. other benefits can include: $0 co-pays for an annual physical and most immunizations, routine vision and hearing coverage, and you'll pay the plan's lowest prescription price, whether it's your co-pay or the pharmacy price. or pay zero dollars for a 90-day supply of tier 1 and tier 2 drugs, with home delivery. don't wait, call unitedhealthcare or go online to enroll in aarp medicarecomplete. melissa: never a dull moment at trump tower. it is another busy day of meetings for the president-elect. u.s. attorney preet bharara, indiana senator dan coats.
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linda mcmahon, cofounder of the wwe. lots of big names. they are all among those stopping by to see "the donald" today. meanwhile the vice president-elect is on capitol hill -- can we still call him "the donald?" probably not. i will probably get an angry letter. meeting with senator senator. fox business's blake burman outside with trump tower with latest. blake, am i in trouble about that? you can't say "the donald" anymore? i said it again. reporter: i wouldn't say you're in trouble. president-elect mr. trump, safer there. melissa: got it. reporter: either way you're fine, melissa. either way a busy day, you're right here at trump tower. that goes too for the vice president-elect. he is right now in washington, d.c. he is holding a lot of high-profile meetings there as well. mr. pence just wrapped up a meeting a little while ago with condoleeza rice, of course a top player in the bush 43 administration. shortly here in a little while we're told he is set to meet
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with the speaker of the house, paul ryan. he will also meet with the senate majority leader mitch mcconnell as well. the day here at trump tower though began this morning with the president-elect and series of tweets that seemingly came out of nowhere. it was four tweets from the president-elect saying that he would be holding a news conference on december 15th, a couple weeks from now, which he would announce his intentions, details how he would separate himself from his company, and how he would hand it over to his children. in the four streets ended with this one, quoting here from mr. trump, hence legal documents are being crafted which take me completely out of business operations. the presidency is a far more important task. the white house was as you imagine asked about this. press secretary josh earnest, president obama laid down a fair standard in this regard. here is the press secretary from earlier today. >> president obama took office he, with the exception of his home in chicago, basically liquidated his assets and,
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purchased treasury bonds. the president was lling to put his own financial interests aside and focus on running the country. reporter: from the transition team here at trump tower earlier today as well, they said there are four names at the top of the list to be potential next secretary of state. that is one of the big outstanding questions here to come. two names were mentioned in particular from the transition aides. that being mitt romney, as we know held a second meeting here in new york city with the president-elect. and also rudy giuliani, long-time friend and surrogate for mr. trump. the other two names were not mentioned by the transition aides but it is widely anticipated to believe that being general david petraeus and senator bob corker. both of them have been here at trump tower earlier this week. there will be drama, melissa and connell expected to build on that front at least for self
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days now because those transition aides said not to expect anymore announcements this week. this is something that could go on potentially for at least another week plus. back to you. melissa: turning into a very interesting and potentially well-rated reality show. hat is off to them, blake. connell: how about that. melissa: connell. connell: we have combination of fred and julie. friends brad blakeman, bush 43 senior staffer. julie roginsky democratic strategist and fox news contributor. final four, blake went through it. brad, here they are again, romney, giuliani, corker and petraeus. there is a lot of talk about romney giuliani and is that how you see it and mitt romney is the favorite, is it fair to say that? >> it is hard to say. four very competent and different types of leaders and only person knows for sure is donald trump. good news for republicans we have a deep bench.
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not only is donald trump interviewing theseeople but they're being seriously vetted. everyone of them is successful in their own right. you have to make sure the person you pick will be able to get through senate confirmation. they're household names. but that doesn't necessarily mean they're a slam dunk by the senate. connell: i think romney would be, julie? giuliani and business interests and different things would be a different story, i don't know. what do you make of how this has all gone down including last night's big dinner and whole thing? >> let me start with the premise, stage of grief bargaining, i'm thinking stage of grief, corker great, romney great. petraeus, fantastic. anybody but rudy who i don't think has the temperment or experience. connell: that is interesting. i wonder how the loyal, you cam at it from your point of view, which is fine. i wonder how loyal trump supporters. some can't stand romney. >> no surprise they disagree with me on this and just about
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everything else. somebody who lived in the new york media market throughout rudy giuliani's tenure and know him quite well from perspective. need to take a deeper dive rudy giuliani's temper and inability to bring people together. he has many things, many talents, diplomacy is not on the list. connell: brad, you thought was the favorite, but who do you think the real loyal trump supporters want to see right now? rooting for rudy? >> well, i think they're going to support anyone that the president-elect puts up. the reason being is -- connell: even romney. >> absolutely. i think the end of the day, is this person going to be able to effectuate the policies of our president? and our president is going to direct foreign policy same as he is going to direct every other policy including the economy. the bottom line for donald trump is, pick somebody who you like, who is loyal and going to be able to be effective. that is the test. connell: we'll wrap this in a second. you guys are come back in a few
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minutes. good stuff. thanks. melissa: new details on the ohio state university attack. authorities looking whether this is act of terrorism. we'll bring you the latest on that investigation. plus, president obama has a new theory for why democrats lost the election. guess what? connell: what? melissa: it involves fox news. that is so surprising. "mediabuzz" host howard kurtz will weigh in next. >> i loved working at fox news. i'm so impressed that fox news is so effective and that the president would acknowledge we're in every bar and grill in america. >> which is not true by the way. have you seen fox news in bar in new york city or a restaurant? [vo] quickbooks introduces jeanette
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and her new mobile wedding business. at first, getting paid was tough... until she got quickbooks. now she sends invoices, sees when they've been viewed and ta-da, paid twice as fast! see how at quickbooks-dot-com. connell: some breaking news for you out of washington. looking at the vice president-elect's arrival, mike pence, on capitol hill. we talk ad few minutes ago about his meetings there, including a meeting with senate majority leader mitch mcconnell. we'll keep an eye on this as the
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motorcade makes its way to the capitol. vice president-elect mike pence on capitol hill at this hour. melissa: channeling the blame. president obama pointing the finger at fox news for the democratic party's loss on election day, would we had that power. telling "rolling stone" part of it has to do with our inability, our failure to reach the voters effectively. part of it is fox news is in every bar and restaurant in big chunks of our country. howard kurtz, mead you buzz, fox news media analyst. first and foremost, connell and i were having a discussion, we won't call it argument in the commercial break. we don't all travel to every corner of this country as much as we like to. i don't feel like it is on in every bar in the country. i wish that were true. cornell think it is on a lot. connell: a lot of them the not everyone. melissa: that's a big group. what is the truth? it can be somewhat controversial, it is not in
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delis that sports is on. to ahead. >> certainly not on in manhattan and georgeto. melissa: right. >> a little bit of presidential exaggeration there. in fairness president obama did blame his own party for not connecting with white working class voters that turned out for donald trump. i don't want to say the president is obsessed with fox news. that sounds like a psychological assessment but a little bit of a fixation. i found a lot of different clips over the years him bringing up fox. if i watched fox news i wouldn't vote for me either. melissa: right. we have that in fact. let's play that sound bite. one of the million times he says that. >> if i watched fox news i won't vote for me either. you have this screen, fun house mirror which people receive information. melissa: so this begs the question. so he doesn't like the way we portray him. i mean we don't live in his bubble where you reflect back at him the niceness that he wants. but if fox had that power, then he wouldn't have been reelected
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right? logic doesn't really flow. if you can't battle fox news, how did he win twice? >> sorry for stepping on the sound bite. melissa: that's okay. >> look, the president of the united states, we are seeing this beginning with president-elect trump as well, has the biggest megaphone in the world. melissa: right. >> no matter how popular fox is it is cable news network that can't possibly compete with the president's power to project his voice. he brought this up on obamacare. the other thing we ought to point out the president acts like everybody at fox is defense him. he doesn't make a distinction between the news programing and opinion programing. a lot of commentators are rough against mr. obama. he puts it all together. if there wasn't all the noise. sometimes he mentions talk radio, rush limbaugh, fox i would get more of my agenda through. melissa: the other big point is that it is not like, may be too nuanced for people out there but not like all of fox was in favor of donald trump. i mean there was a significant
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number of people within fox that were not at all excited about him as a candidate. so to say that, somehow fox and fox business and whole fox enterprise propelled trump to his presidency i don't know if that is fair or accurate, what do you think? >> look. i can rattle off a list of names. charles krauthamer, going on down the list, jonah goldberg, rich lowery, fox news contributors, big presence on fox base any in the never trump camp. why many white working class voters turned out in larger than expected numbers for donald trump is a large story. obama doesn't want to say hillary couldn't get the votes. he brings up his favorite target. i do think, since he is on his way out, seemed like we made up. did chris wallace's show i'm surprised he is going to the well. melissa: when he goes into retirement he is going to secretly watch fox every single day and fox business. all of us back-to-back, flipping
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back and forth in the commercial break. i have every confidence. howard, thanks so much. >> thank you, melissa. connell: that is a lot of fox business. melissa: help him come on the show i have no doubt. connell: no doubt about it. as we move on we have the story out in eastern tennessee really. death toll is rising. search-and-rescue efforts are underway. smoke my mountains there, we'll have latest on deadly wildfires coming up in a few minutes. plus leaving his empire behind. why the president-elect is cutting ties with his business. that's next. >> if i become president i couldn't care less about my company. it's peanuts. i have ivanka and eric and don sitting there. run the company kids, have a good time.
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melissa: here's another look at the big rally in oil. i want to show this to you, ending up nearly 10% on news opec reached a deal cutting production for the first time in eight years. the dow had been on a rally of its own on track to set a new record close before diving just in minutes there, before the close. you can see. connell. connell: more breaking news, melissa, out of washington, d.c., moments ago, the vice president-elect mike pence walking alongside. to his right senate majority leader mitch mcconnell as they make their way into a meeting. this video shot, reince priebus there as well just moments ago. that meeting is presumably happening right now in washington. so we'll continue to monitor
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that, bring you any news we get out of it. melissa: a lifetime of work pass on to his kids. president-elect donald trump announcing plans to cut himself out of his business to focus on the country. tweeting i will hold a major knew conference in new york city with my children on december 15th, to discuss the fact i will leave my great business in total in order to focus running the country in order to make america great again. while i'm not mandated to do this under the law i feel it is visually important as president in no way have conflict of interest with my various businesses. brad blakeman, julie roginsky are back with us now. brad, i hear a lot of people talking about this and already passing judgment on it and we don't know the details so it is difficult to do that. in my mind what is really important is, is he totally divesting? so, not this idea after blind trust, someone else running it in his name, that he has sold or given his entire interest and
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any profit that he might get to his family or to someone else? is that important to you? >> yeah, it is important and, look i believe his statement is pretty clear. he is not going to have a business interest upon which he is going to be acting on as president. in trust and estates law there is a principle that the children are the natural objects of your bounty. that is even more true when your children are your business partners during your lifetime. why wouldn't they be able to manage his business? they have been doing a great job over the years, just doing that. so i think the president-elect is going to craft something we've probably never seen by another prident because we haven't had a president like this. melissa: right. >> american people elected him. they know he is successful and know he is an international businessman. by the way, the most value he has is his family name, trump. i expect that to continue under the children. melissa: but, julie, the way i read that statement, we need more details, is that they're best to run the business for
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themselves, not for him. that he is not profiting from it any longer. that he is out of that business. >> well -- melissa: is that important? does it have to go further than that? what do you think? >> it does. let's be honest if this were barack obama or hillary clinton would do this everybody would be up in arms and rightly so. let's say president trump goes to moscow and sees moscow trump tower rising. he knows that deal benefit is had children and partners he presumably knows who a lot are, because there are a lot things in the works already. melissa: julie, but under that logic, then nobody's family can work at all. >> under that logic what the president of the united states should do sell all of assets, divest of all of them. melissa: that is what -- >> that is punitive. >> not punitive, excuse me. >> it is punitive and unfair. wait a second. >> known is making -- let me finish.
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nobody is making him be president. >> the american people elected him. >> too bad for him. reality you guys would be up in arms if he were not fully divested if he were obama. melissa: he has to divest, but you will rob his children of the ability to have jobs? other people's family have jobs. >> four to eight years who so to say he will not come back and reap benefits of their work. melissa: see that with anyone. his family can have jobs. his family can't work any longer? >> his family can get a job elsewhere. >> that is unfair. that sun american. melissa: if they worked for carrier or worked for a restaurant on the corner would say you can never look at restaurant again. you can never stay there or -- >> everybody up in arms over clinton foundation i was one of them, one of the problems for the clinton foundation -- melissa: they were promising future favors for current payments. promising future favors for current payment. >> excuse me. he is, that is not what the conflict was. melissa: what was it? >> conflict she was secretary of
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state she was entering into agreements with government then donating money to to the clinton foundation. melissa: no, no. paying her husband into shared bank account. he was getting 50% of the money. >> fine. you're saying -- so you're saying if it were clinton foundation you guys wouldn't have problem? of course you would and you should. the problem if he is has any sort of deal with foreign government that is paying money into his children's bottom line, which he will eventually have a part of, when he returns to the trump organization, that is a problem. you guys have to take off your partisan blinders around admit it is. melissa: i'm not saying that is not a problem. i'm saying how do you solve that problem so they no longer can work those kids? what do they do? they have to sit at home? what do they do. >> those kids can find a different line of work. >> no. melissa: can't work in a charity, so what is reasonable? what is reasonable? what could they do? >> that is not my problem. you know what that is the kind
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of sacrifice you make you run for president. messa: your children can no longer work. >> government service. >> conflict of interest because poor ivanka trump won't have a job anymore? really rest of us have to worry -- >> built a job. >> that is too bad, then it is too baghdad did i most powerful man in the world and part of lucky sperm club built on is back. melissa: my god, julie. >> not oh, my god. it is reality. you would be up in arms malia or sasha obama. >> this is america. what you're talking about punishing somebody for service. guess what being president is opportunity. it is not a career. >> certainly is for his bottom line. melissa: not on his bottom line. >> okay. >> his children have a right to make a living in america. they shouldn't be punished because their father is the president. >> so when you have -- so when you have them sitting in transition team at the same time they're going to be running his business, you're telling me that that is a conflict for their business? you're telling me that is okay. melissa: that is absolutely a conflict of interest. we're talking about can they own and operate their business.
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we're not talking about the transition team. i hear you on that point. >> what i'm saying to you anytime donald trump goes and does a foreign deal with for begin government and foreign government invests in any organization permit in places like argentina or permit in places like they will in moscow, that becomes a problem because president of the united states knows full well his children deriff a benefit. every time he goes to buenos aires. melissa: we got you. we have to go. >> that is problematic. don't tell you guys -- melissa: thank you both for spirited argument. connell: very spirited. red flags potentially missed, talking about ohio state coming up with new information about attacker and president-elect looking to crack down on refugees coming into the united states. how all that fits together when we come back. piece in my asthma treatment with breo.
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connell: just doing that earlier today. >> i was a somali refugee that is here now. we can tell you that he did come here from park stan is where he arrived but he really can't get into further background of his immigration to the united states. connell: adding to that, president-elect donald trump saying that the suspect should not have been in the united states in the first place. we're joined by gillian turner, formerly white house national security council an fox news contributor. good to see you, gillian. >> thank you, connell. connell: he comes through ohio state as you heard there. comes from overseas. the president-elect's contention he shouldn't have been here to begin with. let's begin with that. what do you say to that? >> sure. in hindsight president-elect trump is absolutely right. knowing what we know today about his proclivity towards radicalism, the fact he was going to try to carry out mass murder on the streets, absolutely he should not have been there. connell: if we knew that about
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everybody we, that would solve all the -- >> would be no problem. connell: solve every kind of a problem. knowing that we don't have that 20/20 hindsight and we didn't know, what do you say? >> according to law enforcement and, intelligence officials now, the problem is that going back to two years ago, when he to the united states from pakistan, well from somali by way of pakistan there were no red flags. so for the most part i think, the law enforcement community does an excellent job of protecting us from people like this on the whole but as we've seen, as, exemplified by this and other attacks there is always room to improve to have strident measures when it comes to refugees. there is a lot of misconceptions how one achieves refugee status in the united states. i will say it's a lot more different you cult than commonly understood. connell: i'm sure. this leads into the argument, or, that people have, and have made for years now that our vetting somehow is not, up to
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snuff. >> well, look, i'll tell you this. something like 100,000 somali refugees have been admitted into the united states since 9/11. so in the last decade plus. of those, there is very few that have actually -- done anything. >> subject of law enforcement investigations. unfortunately we had monday's attack, following very closely on the heels of the st. cloud, minnesota attacks, also perpetrated by the child of somali refugees in this country. connell: right. >> so it's a very bad time for the pr here but again on the whole, i think that homeland security does a really good job of vetting people. connell: fair enough, gillian. we'll keep it short today. thank you very much for coming on. we appreciate it. >> thanks, connell. melissa: devastation in east tennessee. wildfires scorch the volunteer state. emergency crews are currently searching. several people have been reported missing.
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to help you keep rolling with confidence. go long™. ♪ connell: back with a news alert. there are seven deaths reported. more than 150 homes destroyed. wildfires continue to rage in smokey mountains east tennessee. fox news correspondent jonathan serrie with the very latest. jonathan? >> eastern tennessee is received heavy rains. that has come as relief to firefighters controlling hot spots. this destroyed home. there is still smoke coming out from some of the hot areas, two days after fires ravaged this community. but the rain has been a mixed blessing. it came down in such large quantities, over such a short period of time, that it has actually created some small rockslides and mudslides. you see the fire has burned away
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so much of the vegetation on these hillsides, that, there is not a lot of stuff to hold everything in place. and so that creates some hazardous conditions. also very same storms that have been producing all of this rain, have also been creating heavy wind. that scatters the flames. it creates additional brush fires. it knocks down you power lines. it knocks down trees. that makes some neighborhoods in accessible. storms come through here have been helping and hindering firefighters. now the red cross and other relief agencies are no the region, helping residents, helping evacuees, but long-term economic well being of these community will depend on them getting back to business as usual, welcoming tourists. >> if you want to do something for gatlinburg, we'll be back on
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her feet in short time. come back and vacation here. reporter: look at this video posted by michael lou schiano. he was attempting to escape the flames. his escape route was blocked. they had to turn around and head back toward the fire they got out for their safety. connell: jonathan serrie, with that report. melissa. melissa: dollywood's employees, many of their homes was not spared. we have dollywood spokesperson. it was evacuated and cabins destroyed. tell us about the response effort around the park and also how your employees are doing around their homes? >> certainly. thank you for having me. on monday night out of an abundance of caution we evacuated 19 of our cabins and 50 rooms within dollywood's dream more resort to move those folks staying with us to an area
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that was out of harm's way. during that time period we executed our emergency plan and about 50 of our staff members and local firefighters worked to protect the theme park and the resort so that those areas would be safe and they did an incredible job. we don't have any damage at either one of those facilities. we did have some cabins that were destroyed or damaged because of the fire, within our dollywood smokey mountain cabins rental business. and in those, we're still ascertaining how many more of those there are because, as you just heard in your report, there are still some scattered fires around. some of the areas of the county are still inaccessible. melissa: pete, we're a business show. so we're focusing on the business but as we look at the pictures and see flames and wall of flames in some cases, we know
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that your employees were affected, what is it like? how is everyone doing? >> well we have about 1750 employees that are active right now during this season. and so far, we know of seven of our employees, we call them our hosts, that have been affected directly and have lost their homes. we have an internal philanthropy called, share it forward. we're helping those hosts with assistance so that ty can have a hand-up as they return to work. we have another three or four dozen of our hosts that are still trying to find out exactly what the disposition is of their property because they were evacuated and they can't get into the areas where their homes were. but we're prepared to help them as well as they get back on their feet and we return to somewhat normal operation on friday at the theme park, and
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our resort is back open today. so, we're trying to get back to business as well as the mayor said in gatlinburg. you know, we are a tourist-facing destination. and certainly this is what our business is. melissa: you want to get people back to work without question so they get their lives back to normal and recoup what they have lost. thank you so much for coming on, pete. we appreciate your time. >> thank you. connell: we'll come back here, that is amazing actually with good news believe it or not for workers in that state of tennessee. one company may have some jobs to fill in the morning. we'll have the story coming up. we've been planning for this for a long time and we'll keep evolving things. so don't worry. knowing you is how edward jones makes sense of investing. when a moment spontaneously turns romantic, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat
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>> for each of them it works out to $12.7 million. >> drain the swamp. drain the swamp. >> we are getting ri rid of a lt of regulations. regulations will be number two. >> we are going to lower tax on american business from 35% to 15%. we'll massively cut taxes for the middle class. >> we'll have the biggest tax reform since reagan. it's going to be a very large middle income tax cut that will help this country. >> real change begins wi
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