tv Cavuto Coast to Coast FOX Business December 9, 2016 12:00pm-2:01pm EST
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stuart: today started out like other days, started out, relatively calm, modest upside move. gains momentum and finishes strong. let's see if it happens. we'll turn it over to neil cavuto. hes that that look on his face. what is wrong? neil: i'm listening to you, you try to hide the fact you're brilliant, you graduated from oxford. >> no, i'm not. i'm not. neil: fine. i'm doing the math ands thinking do they not teach math there? you know the math. it is like clicking to you like "rain man," well i don't really know but i will hazard a guess. you know what is going on. you know we're 300 points from 20,000. >> 30 seconds in your show. get on with it. neil: have a jolly weekend. meantime we are, did i mention this, about 300 points away? that is up from 20,000 and as we
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get closer and closer and closer to 20,000. this would be. quickest thousand point leap we've seen, well, in dow help. keep in mind that, if you're following this, looking at dow for a record, 18 of the last 22 trading days since the election, have seen just this sort of thing, number of up days we keep getting the election. a lot of people calm this trump rally. a lot call it continue wages of a barack obama rally. whatever you want to say, whatever you want to see, there is buying flury, likes of which we have never seen in a post presidential election year leading up to the new year. never seen anything quite like this. meantime we're following a number of other developments here, including the president formally pushing a probe into russian hacking, potential russian hacking of the presidential election. this is something the president said in the past was not the case. suddenly it is worth exploring.
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which had me thinking, this happens sometimes, and i don't have this oxford degree, this had me waiting -- thinking about, wait a minute, questioning results of a prominent democrat in election and then i remembered this from yesterday. >> malicious fake news and false propaganda that flooded social media the past year, it is now clear so-called fake news can have real world consequences. >> she didn't have all these ideas. she did. but the press, a lot of which, some which was here today, you didn't cover it. wasn't your fault. when a guy talks about grabbing a woman's private parts, when a guy says some of the incredibly outrageous things were said, sucks up all the oxygen in the air.
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neil: all right. so me thinks they don't like it. by the way, any weight problem i have, got to say people tackled me, shoved the food in my mouth, i didn't want to eat it. if that sounds crazy any of, think about all of this sort of excuse-making going on here. the coupe de gras had to be harry reid saying i quote here, if comey, fbi director james comey, kept his mouth shut we would have picked up a couple more senate seats and probably elected hillary. add all of that up. nothing they did wrong. all outside events, all other folks, everything, everyone but them. former bush 43 spokesperson mercedes schlapp, women's forum patrice linuka, and former obama staffer, steve shale. i want to be fair out there. steve, i ended with you, you're not one to punt and blame others for misfortunes, do you share
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the view this is everyone's fault but the messagof democrats? >> well, i mean i do and i don't. -- neil: here we go. i got to you first. >> neil, let me finish. they let the race get to a place because of a failure to communicate with working white class voters the race was close in the closing todays. take florida. if democrats win 40% of the white vote in florida, republican can't win. you talk about 80,000 votes in three states. that is 40,000 people changing their mind in the last week. here in florida we saw a late-breaking race. developments late really impacted the you'd come of race. it is our fault we let it get that close. neil: that is not a bad sort of step back view. i admire that. patrice, one of the things when i always hear this, republicans played this before, i heard four years ago, stories we couldn't get our message out, media was
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bias, so i understand that. but in this case it seems to bo in hyperdrive more than four weeks after the fact. so now hearing talk that michael moore wants to have protests on inauguration day, they are not going to let go. neil: no intention of letting go. >> self-reflection after bruising loss is understandable. this is not self-reflection. this is not maturity. again it underscores the fact they're ignoring what americans want. not surprising that cnbc just released a report that found you know, 17% increase in the number of americans who think the economy is going to improve and that is just after the election because of donald trump. neil: why are you quoting a cnbc survey on this network? that is fine. i like the findings of that, but we'll forgive that because you're such a food guest. mercedes, let me get a take from you, as we wait for the president-elect, he will be stumping in louisiana on behalf of a republican candidate who has a very good shot adding to
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the lead in the senate there or at least confirming that lead and making sure it's a republican senate. i'm beginning to think maybe part of the strategy here is to get, to get people thinking, don't see it this as a mandate, not popular consensus what you behind to do, you donald trump, lost the popular vote. i heard this from the guests, on the show, constant reminder, let people know that. what do you think? >> any that the democrats are going to stick to that point. it is one argument they can make when they have lost the election. obviously, neil, it's, it's very clear that those americans out there, millions of americans voted for donald trump. he won these battleground state. and he was able to sell them on this economic message. and i think that he does have a mandate and he is going to be bringing it to congress. they have to be ready.
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you see some infighting even within the republican party. donald trump will push for possibly a tariff and you have already seen pushback from some of the leaders in the republican party. so, i think that donald trump is a leader. he is going to push forward a results-driven economic agenda for the american worker. he is willing to talk to these corporations to make things happen and keep businesses and corporations at home. and so i think that he has to, it is important for each president to carry on their mandate. obama had his. now it is donald trump's turn. neil: we'll watch closely. so much breaking news here. i appreciate your indulgence. the dow, in case you're counting with this record push, up 1400 points since donald trump's election. we have never seen anything like that, john. i'm wonder egg, given these developments, what do you think is pushing it? a lot of, you know liberals or those who like barack obama said
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continuation of a rally that has been the hallmark of his eight years in office. others saying, a lot more added steam since the election of donald trump. you say what? >> well i think the so-called barack obama rally was based on the fact that interest rates were so low, and therefore there really wasn't any place else to put money except in the stock market. once trump got elected people said, well the united states will be a much more business-friendly place and i think certainly if they cut the corporate income tax to 15%, when you cut the corporate income tax, you increase attacks profits. that drives up the stock market. neil: the market swoon continued after barack obama's election eight years ago. that is when the meltdown was ensuing and stablized about midway through 2009, a few months, when he was into office. and it kind of never looked back since. can you envision maybe opposite
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happening here, where the dow has a great run-up in anticipation of what a president trump could bring and kind of sells on the fact when he brings it? >> i think that might very well happen. as you know, usually the stock market overcorrects in both directions. neil: right. >> so i think this will be inevitably at some point the market is going to come down some. neil: how much credence do you give what goes on in between here? these are quadrennial events. indulge my curiosity. between the presidential election and the president taking office? >> i'm sorry -- neil: i guess, how real are these? real enough to know that we have impressive gains but do they fritter away? in retrospect not that telling or what? >> well, i don't think there has -- there hasn't been a rally like this in the interim period. there was in 1933 after franklin roosevelt was inaugurated. '33 was second best year in the history of the dow.
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neil: so there is a possibility there. i also wonder too, maybe something you have a handle on, john, when markets have had a good long bull run, in this case whether the fed kept rates as low as they are, i don't want to politicize it one way or the other, this bull market has been going on a while. by that alone, gravity, it can't keep doing that. what do you think? >> yeah. so i think that is, once, if interest rates continue to rise and fed more or less indicated they will be doing that slowly, then there will be alternative places to put capital. into bonds and treasurys and what have you. so, you might find se of that monemoving out of the market and into other places. neil: all right. we'll see what happens. jon gordon, thank you very, very much. knows his stuff. meantime we have the president-elect about to do some stumping in louisiana. it looks very good for a republican senate candidate ironically named john kennedy,
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treasurer there. donald trump hitting back at critics the idea he has a wealthy cabinet or he himself is wealthy. i thought mitt romney did not do enough four years ago, embrace how wealthy he was. what tt can do and people you surround himself with. he wait a minute ashamed of wealth. he leveraged all of this. donald trump is doing that big-time. after this.
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it is no different than a great baseball player or a great golfer. neil: all right. does he have a point. let's ask alan questrom, the former jcpenney chairman and ceo. good read of american mind and american shopper i might add. what do you think of that point? he is not ashamed appointing wealthy people to his cabinet. he is embracing it comfortably. i always thought in the past if mitt romney had done more of that he would be president but that never happened. what do you make of that. >> good afternoon, neil. you're always looking good as usual. he has the right issue. i don't think how wealthy everybody has to be. i don't think that is the issue. he picks people getting a job done. he is pragmatic man. the people picking i wou say are mostly pragmatic i would put them more pragmatic talking about their wealth. he has price who will be health secretary. he is a man with a great history in that area.
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he has pruitt, a guy attorney general, he is not wealthy i don't think. neil: very good point. >> i don't know what they pay him in oklahoma. these are very talented people. what mr. trump is doing, and really bringing a lot of people feeling very good about themselves, and about the country and the potential of this country. he has been, he has more to do with the stock market going up, putting optimism back into america. and i think that's what seeing. now he will have to deliver and his cabinet will have to deliver because at the end of the day, people, average people like you and i have got to be able to see job opportunities out there and job growth and wage growth. it will not come because of labor telling people you have to have a minimum wage. it will come because there is more demand for my need. so they will have to raise my wages. that is what we're seeing here, they see a man who really cares about the whole country. i think he really does love this country. neil: by the way, if you're average people, thin i'm an
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olympic athlete. i will run with that theme. >> neil, neil, you and i came from working class families and we worked our way up the ladder. neil: you are absolutely right, my friend. alan, but stepping back from that, i'm curious, i have no problem with a cabinet, whether it's a wealthy cabinet. i do find it interesting when i explored this issue that the wealthiest cabinet, or richest one before this was john kennedy's. before his was fdrs. both didn't get any scrutiny in the press based on their wealth. neither did john kennedy on his personal wealth or fdr on his personal wealth. i do know the last cabinet that got zinged coming from the upper class is ronald reagan. might me think there is political bias. i will dispense with this sinaism. i will raise a issue cynics have, expectations have been
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raised, whether the cabinet-to be will be wealthy or not. sentiment will be ahead of itself. people will be in a left-down as people investing in stocks, that things can't be as grand as they have been presented. you say what? >> we have to look over the long term. i think stocks are reflecting a lot of optimism. maybe gets too carried away. you have to look at eight years. does the american economy look better after eight years. do they have better jobs based on higher incomes and earnings? neil: i think they're getting ahead of themselves that it will be instant. i'm optimistic as anyone else, you like a business-friendly administration that doesn't disparage business from the get-go, but, but, don't get ahead of yourself, people can get let down and get discouraged. you know the drill. >> i get that but at least in my experience working with business, you have to create optimism within your workforce. if they feel good about the
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business and themselves. they do a very good job. they want to do a good job. they have to feel like they're part of making it successful. that is what he is trying to create. creating in america they have a responsibility and they can make this a better country. not just him. neil: that is interesting. as a retail guy, you know the heart and mind of the american shopper, we're told by almost all anecdotal evidence this holiday season, christmas shopping is off to gang buster start and we'll see heady advances, do people buy based on optimism? in other words, have you seen correlations between what you were talking about and them going out to the store and buying christmas presents? >> oh, absolutely. you saw what we have in the great recession, that you know, we had a downturn of business because people weren't sure where they to, where their jobs, where they will have a jobs. we have nice weather up in the northeast. it was colder less warm weather last year.
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by the way since the election, the day of the election dropped 900 points. since that time we had a 6% gain. people do feel optimistic. that is why they're buying stock. they think the same way when they go into the store. they feel better about the future and spending more money on presents and themselves. that is a very good time. if you get inch of snow in new york and up in the northeast, that would be particular good, particularly up in aspen where i go skiing. that we'll have a reasonable chris manned a hopefully beyond. neil: from largely in the futures markets with it looked like donald trump would shock the world and win this thing, markets rebounded in a big way. while i've got you, this has nothing to do with you, they're exploring in california the l.a. area, whether jcpenney and host of the other retailers were offering price cuts that did not pan out. in other words that they, were sold a bill of goods on
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customers, to entice them in when the cuts were not what they were advertised to be, obviously you don't know the particulars of that but i thought i would bounce that off you, when stuff like that happens, whether it's true or not, and companies are protesting this is not the case, do people just say, hey, i heard about this in the news and i'm not going to see these guys at the worst time? >> well you have to, you have to verify what the actual price was and have to own it a certain time for certain period of time before you can show a comparative price. i don't know what the issue is out in california, but certainly when i was there, other companies i worked in, we always had to be able to validate the original price and what the sales price is for a period of time. i think in most cases it is legitimate. there is somebody that will take advantage of it. that is life. neil: this season, when said and
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done and new spirit out there right now, there are plans, among a lot of groups to protest on trump inauguration day and make their presence known, that they're still angry. still talk of a very divided country for yet another president experiencing that division first-hand. just forget as retailer, forget as someone who has incredible record, as an american, how do you feel about that? >> i would say get over it. they were worried about that he was going to protest if somebody else got elected. but i think as time goes on people will start to see momentum. if it turns the out to be real as i think it will be, i think that will all go away. i don't think most people paying much attention to them. people are paying attention, what you're seeing in stock market and seeing in the stores, they feel better about themselves. so they have let that pass. they may have wanted other candidate and they let that pass and now moving forward, i think people generally in america i
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think are optimistic people. we're lucky to live here. it is greatest country in the world. i think people are feeling good about themselves. they may be feeling better than they were a few years ago in next couple years. neil: allen questrum, thank you very much. good catching up to you. >> happy holiday. neil: to you as well. allen questrum, former jcpenney ceo. very good read of shopping of the american mind. getting more detail on donald trump's cabinet picks, who's in, who's out, interestingly enough we're finding out a lot more that people who could leave their jobs sooner than expected. those appointed years on out. in other words they can't be replaced now. but guess what, they can be, after this.
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republican congresswoman in the leadership, cathy mcmorris rodgers, expected to be donald trump's pick to run interior department. highest ranking woman in congress, serving as chairman of the house republican conference. if that is the case, this would be a very eclectic mix in the trump cabinet. would be the fourth woman. fbn also the first to report that goldman's gary cohn likely to leave his firm. we're fleshing out details with the guy that first reported it. what are you hearing, buddy? >> there are three choices he is up for. as we reported a couple days ago been telling people, friends of his, he is looking to leave goldman as long-time number two. one. main reasons, that lloyd blankfein, ceo doesn't look like he is going anywhere for the next five years. gary cohn had a meeting with
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trump, went very well, president-elect trump. he is in line for what we understand is a fairly significant economic policy post somewhere in the administration. there are lots of reports what he might get. i hasten to say he gets it until the press release. donald trump is known to change his mind last minute. three posts that are possibilities, i would say in descending order of likelihood. so the top is likelihood. national economic council, leading chairman of that. that is a pretty big job are or i would say energy secretary. gary cohn was commodities trader at goldman sachs for many years. lesser of those things would be omb chief. question a lot of people have what type of job is commensurate for guy ceo of a company. gary cohn is slated to be ceo of goldman at some point.
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he doesn't want to wait forever. people that know gary would he would like something bigger than that. would he go for omb? apparently someone else is slated for omb. i can't remember the gentleman's name. it is someone that used to work at microsoft i believe. report that it is national economic council which is a good job. should point out it does have a economic policy role, step to be treasury secretary. robert rubin made the jump. neil: that's right. >> larry summers had the job in the obama administration. it was pretty influential. he was obviously put up to be fed chairman at one point. he had to drop out when congress went nuts. neil: mathematics and all that. >> right. neil: switching gears real quickly here. james comey name has come up. fbi director, still with a couple years to serve. they always serve discretion of the president.
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but what are you hearing about him, whether he would wait out or finish out his term? or whether he would, leave now? >> here's what we hear. it is 10-year term as you know. appointed by president obama. he worked in the bush justice department. appointed by president obama in 2013, theoretically has seven years left. these jobs with long appointment spans, the president can make a call somewhere. there is some lose language as to his tenure. i'm hearing donald trump is talking about replacing him. that is what i hear. we ran this by the trump campaign, hope hicks, the spokeswoman said there are no plans to replace him. we're hearing inside of trump you tower names being floated around. i don't want to say the names until better handle. i'm hearing there is active talk about this. comey was very controversial
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during the campaign. a lot of people feel there was ample evidence to recommend a charges of, recommend justice department bring charges against hillary clinton over use of a private email while secretary of state. he said no. it was pretty torturedded langage at the time. he came back weeks before the campaign ended. he reopened investigation. neil: harry reid said that nailed hillary clinton's chances. >> a lot of democrats believe. i don't know if that is the only reason. might be she was a lousy candidate too. neil: could be that. >> he closed it, the day before the election. i believe. a lot of people think why are we stuck with this guy? neil: we'll see. you will be back for "bitter boomers." >> i can't wait. neil: look forward for that. >> as bitter as they come. neil: as bitter as they come. we're awaiting president-elect donald trump visiting louisiana,
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making a pitch for the republican gubernatorial candidate. this was forced because you can't win an office in that state without getting 50% of the vote plus one. that is considered very beneficial to the republican who had very handsome lead but didn't cross the 50% mark. we'll see in the general election.
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the campaign, thank you america tour, by president-elect donald trump extend to louisiana. this is really an effort to build support for the candidate in that race, republican candidate who is expected to win. this is the runoff election to that. in louisiana you have to win by 50% plus one. the only state i know of that has something like that. but the republican candidate is favored. donald trump says that is the way it should be. if that were the case, 52 republicans clinching control in the united states senate. they have comfortable control of united states house. the key player in that latter body, republican congressman mike kelly from the beautiful state of pennsylvania. congressman, good to have you. merry christmas. >> merry christmas neil. good to be here. neil: you were talking about great expectations but it is a lot of pressure too. >> pressure is a how you interpret it. working through the election and campaign season, mr. trump brought it all together a
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different dimension. we're look people never thought they were part of government came out and voted by this time. mr. trump was not elected by republicans but elected by americans who were tired what they saw going on in washington. it gives us the opportunity to govern in best interests of the american people. not just as party. neil: you were there when john boehner looked around and talking about high expectations on republicans and you know how government grinds through things whether under one party control or not, right? >> any mandate that we received we understand, we have to legislate to make america great. i think now we reach across to people we never reached before. there is old irish saying may your home be too small to hold all your friends. republican party is the party of working man and women. that is not elite group. that is switched to the other side where elitists showed up on behalf of mrs. clinton.
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who showed up for america and who showed up for donald trump? everyday americans, blue color americans. they get up one day with one purpose and one purpose only to take care of their families and communities to make america great again. that is the message. we understand that. we'll govern that way and legislate that way. neil: depends on definition of great. a lot of people in your own party say we don't think it is great idea to ha tariffs or threaten trade wars or be protectionist. some already came out saying in your leadership, that's nonstarter. i'm paraphrasing here, if you go after companies that don't do this stuff it will not fly with us. i wonder if that is problem. i'm wondering on senate side, congressman, mitch mcconnell is not too keen infrastructure spending measure that might be pricey, at least right now, we don't have seeds there for a little bit of infighting. >> a little bit of infight something fine. thanks to harry reid, this idea
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you have to hit 60 vote threshold. that is not part of the constitution. wait a minute, slow down, kelly. we have ideas what you guys should do in the house. i'm saying this. the expectation of the american people will be over the top. we have to be able to perform at a level that proves to them that the decision they made on november the 8th, was again to move the country forward in dynamic robust economy. neil: you do safest things which you all agree. taxes, you all seem to agree on that. seem to agree on cutting back on regulations. do you think, congressman, is it your understanding that the first hundred days would include roll back in all tax rates, business, individual, all of that? >> you know what? again all of these things, these issues are important to us. at the end of the day, what is it that we're willing to do that maintains that confidence that the voters that voted for us november theth. we can get tied up and wrapped around axle of idealogical impressions way things should
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be. i come from private sector. i'm a retailer. when i look at some of the things we're doing, i look at the end of the day what have we done to hurt the american people and what have we done to hurt our economy. neil: immediately, january 20th, what do you think the administration, congress should do immediately? >> we're looking at things that really do affect business and prosperity. , are taxes regulations. neil: that's a gimme. that will happen immediately? >> regulations are the biggest obstacle we face. nothing strangles -- neil: be clear, regulations, roll a lot of those back. taxes, business, individual, roll those back to the levels that donald trump wants? are you comfortable with the levels he wants? >> the president-elect has some ideas. i think those things we'll have to work on together. neil: his are more sweeping than your plans. >> sorry? neil: his are more sweeping than yours. >> his are more sweeping than ours. because of the legislative group process we have to go through, a little bit easier for the president to say we'll do this
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than congress to say it on either side of the house. neil: would you be okay with a plan that would temporarily, even make the deficit worse before revenues come in? that is assuming big tax cuts are in the offing? >> i think you look long-range what does it mean to us? will it be deficit spending, as long as deficit spending that leads to upside -- neil: more short term, you can live with that as long as the blueprint seems to be for more money -- >> i will do the same in my business. i make a purchase today costs a lot of money to pay for itself in the long run. if it doesn't kill more than it eights i don't need it for the american people and or for the american economy. making a long-term investment pays off profitably undo the road is the thing we can do, we need to do it as quickly as we can. neil: all right. it will be a wild time. >> it will be fun. it is going to be fun. neil: i hope it is not too cold out there on the 20th. it always is.
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>> if it is we'll heat up washington the way american people will appreciate it. neil: congressman, i love the irish story. good irishman. we're getting words, republicans are none too pleased making this hacking, this russian story a subliminal message here. many seeing the administration's put to put a report together, intelligence report to examine the russians, degree which the russians might have influenced our election, many of them are saying, wait a minute, are you you saying this is not a legitimate election? the timing couldn't be worse. after this.
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>> the pension board of trustees suspending lump sum withdrawals from the pension fund, stopping 154 million in pension board withdrawals. the chairman explained the move. our situation is critical so we took action. pension officials said it would not have enough liquid reserves to sustain the 2.1 billion fund. it needs $600 million in assets to. they blame the mayor. mayor mike rawlings sued to stop the fund withdrawals. the pension asked for a $1.1 billion taxpayer bailout. we'll continue to follow the
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security council staffer gillian turner how this could be resolved. gillian, the one thing i didn't understand the president said even though he suspected russian involvement he did not think any such involvement influenced the election, i think i got that right. he does this and initiates this move now. what are we to take of that? >> well i think, what he is saying, i think he is right for pushing forward with this investigation. this is a real national security issue. there is no room for politicization. unfortunately we're seeing that from both sides on this i think what the president-elect, excuse me, what the president is saying with this, that he believes, according to our intelligence community, there was interference but it was not interference with the actual elections process. remember there was widespread fear that russians would be able to hack in to polls and change votes. that fear has been appeased. we now know that didn't happen. neil: how do we know that?
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how do we know that? when i hear an investigation of this sort requested, that there is a possibility some could say, this might have influenced out come in certain areas, right? >> we're looking at the front end hire. what the administration is looking at, what the congress is looking at, the hacking of the dccc and, dnc run up to the elections. hacking of inclinton campaign. there is no evidence that actual votes were changed, there was potential interference how people voted. neil: i got you. gillian, what happens if our worst suspicions are concerned and that the russians were behind a lot of this and orchestrated all of this. donald trump has personally good relation, things a great deal of vladmir putin, he will be between a rock and a hard place. that relationship uld be off
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to a tense start, right? >> it very well could be and you know, i've been critical of the president-elect's sort of, not openness to connecting with vladmir putin but in his willingness to say kind things about him publicly. i think that's somewhat dangerous for his position. because once he has been in office a few months, maybe a few weeks, he will come around, realize reality what it is likes trying to work with the putin regime and come to the same conclusions that every u.s. president to come . he is not easy person to work with. the russian government is notoriously, notoriously duplicitous when it comes to their dealings overseas. look what they have done in syria. they lied at the outset for motivations about military intervention over there. they continue to do this they precipitate ad humanitarian crisis in syria. you can not trust a regime as far as you can throw a stick in my book.
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neil: wow, i love you state your mind very clearly. guest who answers questions. not a bad concept. gillian turner. great seeing. >> you thanks, neil. neil: it is cold outside. did i tell you guys that? how cold is it? i'll tell you, i didn't practice that, i was ready for that johnny carson moment, a polar vortex is back. it will stick around for a while. how much of a while? rick reichmuth has the answers. [vo] quickbooks introduces jeanette
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he has a deep voice. so cold they're harkening back to the polar vortex of 2014. rick reichmuth, doesn't understand the johnny carson analogy. what is going on? >> i was going to make the same joke. neil: there you go. >> the polar vortex is something always exists. the very coldest air along the arctic. sometimes little pieces of it break free and moves across the lower 48 and parts of russia or europe. we're getting a little bit of it right now. the cold air is across canada. pieces are coming down in the lower 48. coldest across north dakota. it is chilly. right now the windchill is 34 in atlanta, actual air temperature in minot, north dakota, minus 10. that is very, very cold. we do have a ways to go with it. it is also windy. it feels like minus 31 in minot. that is dangerously cold. a storm is moving across the west.
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series of storms, really good news to get moisture. this will pull in the towards the northern plains. saturday across the northern plains and ohio valley and northeast for monday. a lot of areas get snow out of this. with it, this is monday. we'll fast forward for the second batch of cold air will dive down here. wednesday you're back to one for a high in fargo. thursday, you get the idea, coldest day across the east coast with high in new york of 27. friday we remain cold. longer term picture within about about 10 to 12 days, this goes up closer to canada. we won't deal with it much but short term we have winter with us, neil. neil: answer this question right away, my kids are asking, see if mr. reichmuth, very respectful, can tell us we're going to have a white christmas. go? >> actually cold air portends very nicely for white christmas for a lot of people.
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we'll get snow -- neil: i don't care a lot of people. i care about them. we like all people obviously, but they are, they want you to deliver a white christmas. i said if anyone can, mr. reichmuth can. >> i will do my business. i don't know exactly where you live, new jersey. >> northern, southern. neil: northwest new jersey. >> you you have a better chance, how is that? neil: you are kind of dancing. >> northwest jersey, how many days away are we? 15 days away. 16 days away. neil: 15 days away you still don't know? wow, that pedigreed degree -- >> i still don't know. neil: buddy, thank you, you're a good sport. kids, you heard him. it will be a white christmas after all. more after this.
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it, it's showing no signs of slowing down. we're up about 70 points right now, and i can roughly to the math for you even though mr. oxford, stuart varney, couldn't. [laughter] we're a little bit more than 300 points away from dow 20,000 which would be the quickest leap ever. >> since november 22nd, yeah. >> i don't mean to be a spoilsport, but it's a little -- neil: i really wasn't expecting any of you to answer. [laughter] >> i'm sorry. neil: yeah. look what the wind blew in. we've got charlie gasparino and steve levy, looking at lizzie macdonald right now, i know she's on varney and all, but let me see about my schedule -- [laughter] so she's here, and last but not least, charlie brady. this is bitter boomers. are you all bitter? >> you know, listen, it takes a lot for me not to be bitter. [lghter]
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neil: a rally and thought of you guys by ralph, our -- >> what's his name? neil: he's so below boomer, below millennial, i think he's just a kid. >> he's 13 years old. neil: he's a toddler. [laughter] anyway, i had to remind him that a lot of young people are still not part of this rally. once burnt or seen their parents burned -- >> you know, one of the things about the millennials is besides -- you know, here's what happened. they voted for obama, a lot of them. they got nothing in return. they got screwed, like -- >> less than nothing. >> so they have no money, and now that trump's in there he's promising some fiscal conservativism and some supply-side stuff, they are screwed. and i'm so happy. neil: really? [laughter] there goes our demo, which is crucial here. >> that should shut -- neil: what does it tell you, lizzie, when so many young
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people, many of them like older people who just feel like they missed the rally, right? >> you know, i'll tell you, i don't know, again, let's go back to what the universities are teaching them. they should have been in the market a while ago. neil: if a young person came up to you and said, lizzie, i like what i'm seeing here, i want to invest right now, what would you tell them? >> i'd say buy on the dip when the fed raises rates. but what i love is how the media, which got the election wrong, which blamed -- we have obama blaming george w., all of a sudden it's the obama boom, right? and, you know, if that was true, then why didn't hillary get elected? neil: yeah. >> that's pretty stupid. neil: i do want to go to charlie, because he's a blabber mouth, and i've got to get him to stop talking. what do you make of this? >> the trump administration's promised 4% gdp growth, and we haven't had that since 2000. there's an entire generation of investors and all millennials
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don't know what 4% looks like -- neil: well, they know what a 4% mortgage looks like, and they don't like it. perspective is everything -- >> no growth for more than ten years. it's a lost decade. >> i don't want to be a spoilsport, okay? neil: heaven forbuild. >> a couple of things. one, whenever there's a change in an administration whether it's eisenhower or whether it's carter to reagan, eisenhower to kennedy, there's always a honeymoon rally which typically lasts -- neil: there wasn't for barack obama. that period between the election and his inauguration -- >> went down. actually went down. neil: it went down. >> that may have been the exception, and i'm not surprised. but anyway, i mean, the median is a big rally, a decent rally until about a week after -- >> inauguration. >> -- inauguration. neil: so you're saying the first week we're going to go down? >> i'm saying that, you know, trump is please about isly
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surprised -- pleasantly surprised. >> before -- neil: let him finish his point. go ahead. >> i think that the last administration left us in terrible, terrible shape. and i don't think he realizes how bad the country is right now. neil: right now. obama is still in office, but that's not the one you're talking about. >> obama's legacy is not. neil: okay. a lot of -- [inaudible conversations] okay, i understand. >> sorry. >> no problem. i miss you, actually. [laughter] >> china! >> there are issues. >> let me make this point before paul krugman writes a column about us being stupid about economic history. barack obama, the stock market went -- when obama came in mainly because he inherited the financial crisis, right? neil: absolutely. >> the qe didn't hit yet -- neil: quantitative easing. >> you know, so he inherited that. that's why the markets went down to 6,000 in march 2009, right, i believe it was. >> yes.
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>> but, you know, it went up from there dramatically not because of economic growth necessarily, because you made the point -- >> the federal reserve. [inaudible conversations] >> liquidity. >> what about china? what's the deal with china? >> china -- neil: really? really? [laughter] >> i was talking -- wait a second. i was talking to lizzie, and this is all on the internet, okay? this is all from people that do research for the defense department. if you want a modern military, you have to have access to the entire periodic table. that means rare earth,. neil: i've always thought that. [laughter] >> no, wait, you need chemicals -- >> lsd. [laughter] >> we don't have that. we don't have them. and it's been -- neil: yeah, you do, they do. >> and they do. neil: that's another worry, that's another worry. >> by the way, our millennials have ecstasy. >> yes, they do. so that's what we'll all need, that's what we'll all need. [laughter]
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now, this gives china a tremendous advantage. in fact, if we want these commodities, you know where we have to go? china. we're dependent on them. neil: you've raised another doubt. i love that theme, but i also love finishing. but -- [laughter] okay. but, charlie, there are a lot of doubts you could throw at this, a lot of reasons -- china, to steve's point, you know, ran up too large, too fast. to another point this bull market, as you point out in your brilliant missives, it's been a long bull market. i mean, it's going to run out of breath. what do you think? >> it's been a bull market propped up by federal reserve largess, basically money printing. trump has promised to cut regulations and cut taxes -- neil: will that offset the effect of higher rates? >> yes. neil: really? >> it's an end game for the consumer -- neil: you agree, lizzie? >> i agree with everything he said, and i agree with the china point meaning that if it revalues its currency, it could rock the market.
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>> you didn't say it right. china! >> thank you for that. neil: sometimes when you look at these markets, you look at the response, many of us were here election night, we know how crazy it was, that we're getting ahead of ourselves, and that for -- it puts enormous pressure on the president-elect. he's got to deliver. and people have such instantly high expectations. >> well, i -- >> yeah, i -- >> one of the problems i think, yeah, what does the market typically try to price in? inflation as well, right? neil: right. >> look what you have right now. obama is -- trump is promising tax cuts, regulatory reform which is generally positive for economic growth and a massive infrastructure bill. neil: all within maybe the first hundred days. >> here's the interesting thing, the market digests that as positive, the stock market. neil: right. >> the bond market, the construction part will digest that as negative -- >> it has already, charlie.
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neil: therein lies the worry. >> let me just finish -- neil: here's what i say, i want to get back to reality here. when i was a kid in school, i always telegraphed a bad report card to my parents because i didn't want to have them think i was going to get straight as. so telegraph some problems. warn of some difficulties. let people know about what you're facing. none of that's -- and that all might be good, and i like to see people excited, i like to see the bullish spirit out there. do you worry people set things up too high? >> yes. and what you've seen, the leadership in this market are commodities, and that's directly inflationary. people -- neil: so this isn't just a pop-up, this could be something worse. [inaudible conversations] charlie? >> interest rates are up. >> this economy's been in shackles for the last eight years. once the forces of free markets and capitalism are unleashed --
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neil: democrats come back and say this is a bull market the likes of which we've not seen under a president's two terms ever. >> but it's not due to president obama. neil: you're arguing -- right. you might be right on that, but careful, because a lot of people are going to say that's a hard act for a president trump to follow. >> no, i agree if you just look at the stock market, it's a hard act. if you ask people how they feel about the economy and themselves and the future, they're not happy. there's only a few -- >> this is based on price earnings. i hate to make it too wonky -- neil: we fried china, so go ahead. >> based on corporate earnings, does that justify dow 25,000? >> probably not. you have -- neil: lizzie? >> one point -- [inaudible conversations] >> china! >> one point charlie has made is that two-thirds of the market's gains since the election are five stocks, goldman sachs, jpmorgan, boeing, i think bank of america and caterpillar, right? >> yeah. neil: is that right?
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>> they're about two of thirds of the gains on the dow -- >> banks because of higher interest rates and less regulation, so it's kind of been focused on certain policies. >> well, it's focused on commodities -- neil: all right, one year from now, will we be higher than where we are now? one year from now? >> i think we'll be lower, i'll be in the minority. >> higher. >> higher. >> higher. neil: you'll have to wait and see. half that'll do it here guy, guys. i told you they were bitter. >> you look great without the glasses. >> that's what cataract surgery, i used to be near-sighted for my entire life, and i'm a boomer, that's a long time. now all of a sudden i'm farsighted, i don't know who i am. neil: definitely calmed you down, i can see that. [laughter] all right. the former white house chief of staff, andy card. i've got to ask about what he thinks reince priebus is doing
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♪ ♪ neil: all right, donald trump met with paul ryan this morning. it was a very quick affair, paul ryan talking afterwards didn't stick around the microphone too long. connell mcshane at trump tower with more details on who's moving in and out. what do you have? >> reporter: well, neil, the transition team tells us that the president-elect has now met with a total of about 90 people as he his administration together and, you're right, the speaker of the house was here earlier, paul ryan, for an early morning meeting.
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he did go in and out quite quickly. didn't say much, but he did say this. watch. >> very exciting meeting, really enjoyed coming up here and meeting with the president-elect. we talked about our transition, we're very excited about hitting the ground running in 2017 to put this country back on track. thanks, guys. >> reporter: all right. so that was that from paul ryan, and off he went and off mr. trump went as we wait for these thank you tour events that'll happen this afternoon and this evening in baton rouge and grand rapids respectively. over the weekend it'll be interesting, the president-elect will attend the army/navy football game tomorrow in baltimore, spending half the game, we're told, with the army folks and the other half with the navy folks, so that's fair and balanced. i know our colleague, chris wallace, will interview him on sunday. monday some big meetings and still some questions to be asked. the three that we know for monday, former senator rick santorum, the current senator, joe manchin -- we thought he was
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going to meet with him today, it was rescheduled for monday, the democrat it should be noted from west virginia -- and carly fiorina, certainly no trump fan in the primaries, but after going with cruz, she's onboard now, and she'll be here at trump tower as well. all that's coming up next week when i'm sure the focus will still be on whether the secretary of state name will come out maybe early in the week. back to you. neil:com, thank you very much -- connell, thank you very much are. what to make of all these comes and goings. let's ask the former chief of staff for president george w. bush, andy card. andy, i always bond or what is going behind the scenes -- wonder what's going on behind the scenes. if i can embarrass you and call a controversy, if you'll indulge me. here's what i think and then, please, shoo it away. they're getting cool on mitt romney, and reince priebus was pitching mitt romney, and steve bannon, the chief strategist who might have a closer ear, doesn't want romney.
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so anyone but romney. and if it's not romney and let's say it's the exxonmobil chief who seems to be getting more name-dropping of late, victory for bannon. you say what? >> well, first of all, reince is doing a terrific job. he's drinking from a fire high high -- hydrant, and he's got a lot of incoming. he's doing a terrific job of helping to manage the day-to-day aspects of this transition with the president-elect who is on a high learning curve, very steep learning curve that the president-elect is on. i'm impressed with how they've filled the cabinet, they've got over ten members appointed already, a total of fifteen that they'll these. then there'll be other people jockeying for chairs around the cabinet table, so the 15 statutory cabinet members will be joined by probably five or six ohs, and that'll -- others, and that'll be the important appointments -- neil: but if it's not secretary of state for romney and all this
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theater was for nothing and romney doesn't get it, do you think he was deliberately strung out? >> well, i hope not. i hope that's not the way this is going -- this is not a game. this is about making sure that somebody comes in who can do a great job for the united states of america and, and serve the president well. the first responsibility is to put somebody in the slot that will do a great job for america. then the goal is to please the president. anyone assuming these positions serves at the pleasure of the president, but their job is to help the president do a great job for america. and i think, you know, mitt romney would be a terrific choice for secretary of state, but there are other good choices out there. and it really should come down to who president trump wants t work with during his tenure -- neil: would you -- [inaudible] i know that, but would you read into that? a lot of people find this odd relationship. when you were the chief of staff -- it was really you.
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there was no one competing with you or even daring to try. this arrangement with bannon and priebus seems odd to me that someone would quickly intercept that as a sign if he does not -- interpret that as a sign if he does not go to romney, that priebus lost that one. what do you say? >> well, first of all, i don't agree with your presumption that there weren't forces like a steve bannon in other white houses. there's been one in every white house. obviously, president george w. bush when he appointed me, he had other advisers -- neil: but you were the enforcer, andy. you were the enforcer. >> i had a responsibility to direct the president and guide him and help him do the job, and it was a tremendous responsibility with an awful lot of angst to it because you had to deal with personalities. neil: right. >> that's the way it is. i think reince is offering unbiased advice to president-elect trump, and president trump, i hope, is speaking candidly with reince priebus.
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that's the most critical thing, to have a brutally candid relationship where they can talk about tough problems without trying to please the other partner. of. neil: do you know how -- >> confident they can make the right choice. neil: i'm sorry. how president bush, your old boss, his dad, whether they communicated or should communicate more with the-to-be -- the president-to-be, and is there still a feeling that it's still not great? >> well, you know, the first president bush just came out of celebrating the memories of december 7th -- neil: right. >> and it was a phenomenal program that he hosted at the bush school at texas a&m university with bob dole there. anthat's what 41 was focused on. 43 is focused on building his post-president experience by this fabulous library that he's got at smu in dallas. i don't know that president-elect trump has reached out to them to have a serious conversation. reince priebus has reached out
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to me on four different occasions. we've had good, candid conversation, and i've pledged to do whatever i can to help him do the job. he's also reached out to josh bolton. he's doing a good job of building an infrastructure around the president-elect that will serve president-elect trump when he becomes president, and that's critically important. they've also got to fill positions in the cabinet -- neil: i understand that. last question i want to ask you. sometimes in a president's term -- it could be for an event or to get a message out -- all the former presidents meet whether it's right before the inauguration as president bush advised for incoming president-elect barack obama or during the early days of an administration. can you see your old boss coming in for such an event if president donald trump requested that? >> president george w. bush puts america first all the time, and i was a witness to that when he
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served as president, and i'm a witness to it as he's been the former president. i'm sure if president trump wanted to have a meeting with him, he would have a meeting with president trump, and president bush would be glad to do it. i just -- i can't speak for him. i'm not by his side now. but i think that he would step up and do what would be right for the country. after all, there's only one president at a time, and right now president obama is our president. president trump has to be ready to be president on day one, and he will be president of all the people including george w. bush and george h.w. bush. neil: very well put. >> we respect that. neil: you're a patriot and a good american. have a great christmas as well, andy card. >> thank you, neil. neil: i thought i could embarrass you, but you outsmarted me. we have a lot more coming up including donald trump on the stump pitching for an even bigger senate republican going his way, helping the guys, the front-runner in that race which
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♪ ♪ neil: all right, we've mentioned this before, but i always wonder how this works out. it's very nice to see the dow teasing 20,000, less than 2% away right now, but i always wonder how this cuts. a lot of people will say, oh, man, expectations are high. it'slmost impossible to reach those high expectations. or is it? the washington examiner's kristin soltis anderson. kristin, that's my concern, and i guess it depends on history and whether that was a justifiable concern, but we've never seen anything like this right after an election, seeing stocks advance this much. what do you think?
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>> well, donald trump is going to find that there are things you can say out on the campaign trail and at a rally that are very hard to implement when it gets to washington and the gears of government get moving. it's one thing be you're in the trump organization, you're building a building, a contractor's not doing something right, you can go in and say, hey, you're going to do this better and have that level of accountability. but with the size and scope of the federal government, it's going to be harder for trump as an individual to deploy that kind of strategy across the whole government. so there's going to be friction there when the rhetoric meets reality. and i think that is why we maybe see expectations set really high. it's unclear if trump himself will be able to meet them. on the other hand, he's appointing a cabinet that, frankly, at this point would be home in a marco rubio administration or sort of any other kind of republican who's focused on pro-growth sort of policies. so for the most part, you know, he's picking people around him that i think do warrant a sense of positive expectations looking forward with optimism.
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but when it comes down to trump himself and the specific rhetoric he uses, the specific high expectations he sets, i think he may ultimately be surprised once he gets to 1600 pennsylvania avenue what the president and cannot do individually. neil: well, i don't remember a president-elect who has been as orchestrating the type of deals he has whether you like or dislike the carrier one or to put pressure on boeing over the cost of air force one or whether he was the one who got apple considering building its phones in the united states. but that appearance of busyness and success and shaking things up before even taking office further puts up the pressure, right, before he even gets to office. >> sure. and this is one of the great examples of something that's going to be a challenge. now, as he's many president-elect mode, he can get on the phone and call up the head of a carrier, call up the head of boeing and try to do these things.
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but when you're running the entire federal government, when it's all on you, the question is, you know, he can go for symbolic wins, or things that are great politics. the carrier deal, every poll shows it is a political winner even if there's a debate about the policy of it. but the question is as president, is it better to do political wins saving a couple hundred jobs here and there with individual policies, or do you need to do stuff that's more scaleable, create a more favorable business climate that's not just about one company getting a tax break, but it's about letting every company have a better tax situation, a simpler code, flatter rates, the ability to bring money back from overseas. that's the sort of stuff that i think is really going to make or break the economic impact of trump's presidency. neil: well, he's actually trying to marry those two, this is happening because of people looking forward to. we'll see what happens. kristin, great to see you again. >> thanks, neil. neil: a lot of people are surprised to hear that the pick
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for labor is anti-minimum wage hike. just anti minimum wage hiking it to $15. and if that's news to some people, well, they weren't watching this show, were they? after this. me to reach my goals.nside so i liked when my doctor told me i may reach my blood sugar and a1c goals by activating what's within me... 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. 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 when used with diet and exercise. trulicity is not insulin.
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donald trump's labor pick, andy puzder, who has been a long-time critic of dramatically hiking the minimum wage. but this is an issue that shouldn't be a surprise. donald trump himself on a fox business debate also expressed doubts about it. take a look. are you sympathetic to the protesters cause since a $15 wages to about $31,000 a year? >> i can't be neil, and the reason i can't be, that we are a country that is being beaten on every front, economically, militarily. nothing that we do now to win. we can not do this if we are going to compete with the rest of the world. we just can't do it. neil: so do not raise the minimum wage? >> i would not raise the minimum. neil: that was then. first debate. now that man has been elected president of the united states, about a little more than a month away from taking office.
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lending tree ceo, what he makes all of that. doug. >> thank you for having me. neil: what do you think of what he is saying and what puzder has been saying, since corrected it, i could see a higher minimum wage, not bring it up to 15 bucks. you say what? >> it makes all the sense in the world. two schools of thought on minimum wage. by raising it you pay people more. the other is that it can actually inhibit economic growth and employment particularly at lower end where people starting out. important to note that only 3% of workers, of hourly workers are on the minimum wage. states are also free to do their own thing. i think having it at federal level is a pretty hey hand. neil: i'm not sure i understood eequivocally. your position is keep it the way it is, don't keep it the way it is? >> my position would be keep the minimum wage where it is, keep
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very modest or two tiers, where introductory workers work at lower wages and higher wage after that. neil: puzder is running criticism for this position. when in fact he was open i believe to a $9 minimum wage to the 7.25 level. not just 15. he has also people scrutinized rorks on this very show which he talked about how fast-food operations he is very familiar, carl's jr.' and hardee's and automated and taken the human beings out of this. this could happen all the more to keep raising wages to the point it makes better economic sense to replace people with machines? >> i think that is very, very true. businesses make rationale decisions. if the government forces their wages up or if they force wages up through regulations and other ways, businesses start to automate more of that. those fast-food jobs and entry level jobs where are a lot of people get their start.
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and, given that there are so few people even on it, better let market forces work personally. neil: doug, thank you very, very much. you don't hear that too much in the mainstream mead yag. lending tree ceo doug lebda. a month out, coming up with all sorts of excuses what made that election turnout the way it did. very little self-reflecting. ben stein on, on that. after this. hey nicole. hey! i just wanted to thank your support team for walking me through my first options trade. we only do it for everyone gary. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim,
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>> i'm adam shapiro live on the floor of the new york stock exchange with your fox business brief. the traders down here are talking about ordering the hatch, which will say dow 20,000. -- ordering the hats. dow on track for fifth straight record close. if we have a record close today, it will be the 14th since the election of president-elect donald trump. the 23rd record close for the year and 7% up is the dow since the election of donald trump. some winners and losers on the dow, goldman sachs up 7.5%. disney up 5.5%. unitedhealth group down 1% and walmart down 1.4%. under armour is up avenues they signed a deal with the nfl to be the official uniform supplier going forward. chipotle mexican grill, one of
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>> not that she didn't have all these ideas, she did. the press, a lot, some of which is here today, you didn't cover it. neil: ah, all right. so, four weeks after the election, still a lot of fingerpointing on the part of many democrats who were more inclined to say it was anything but them. anything but their message. the white house doubling down on this by otherring a review of cyber intrusions to insure integrity of u.s. elections. some people interpreting it as a sign that reminder, donald trump might have, might might, won courtesy of hacked elections. the excuses has people raising their eyebrows. to economist ben stein says essentially to get over it. time for democrat to get over it and stop the whining i guess, huh, ben? >> well the idea that the democrats are complaining that the media was biased against them, that the media was somehow
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rigging things against liberals is hilarious. i am sitting here in your studio here in los angeles laughing my head off. they're saying it is biased against them? what are they talking about? the media was biased against the republicans all throughout the whole election on a wild scale. i mean it is a joke. the. neil: you even saw it in the "person of the year" story on donald trump where it looks like yeah, he is a "person of the year" but hillary clinton's the real saint. they almost canonized her within the article. i do remember a good deal of press coverage of donald trump, very little of it kind. i found that odd. i find it odd more than four weeks after the fact they can not left go? >> i want to tell you a story. i'm out here in hollywood. i am virtually friendless except for people here at fox bureau, because nobody can believe i voted for trump. you know very well my favorite was lindsey graham. he didn't get that close to the nomination. neil: right.
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>> but when i tell people i voted for trump, like their face turns ashen, one of my best friends here, a gigantic star, huge, huge star, please, please, we've been friend for 30 years, please, please, don't ever tell my wife you voted for donald trump. my best friend in the whole world wife won't speak to me because i voted for trump. neil: is that so? >> he is a big hollywood guy. that is how it is here. these are just big, sulking babies. it is terrifying to think if we're supposed to dance -- i'm not going to say. i'm not going to say. a very, very important person but a very, very important person. neil: the latter doesn't surprise me you don't know important people. what i wonder, they're going to question. michael moore said should continue to question. at inauguration you should be out there protesting. what do you make of all that? >> well, michael moore is a,
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just as an opinion, i'm not a medical doctor. he is psycho. complete chronic complainer and nutcase. that is my opinion. i'm not a doctor. i could be wrong. but the idea the democrats are not saying here is alternative program. maybe we'll try to get alternative program that attracts more voters and give us a chance to win in 2018 at congressional elections, instead of that they're whining and going to their rooms and sulking, and won't have dinner to protest. this is unbelievable. these are big sulking babies. i don't recall the republicans ever sulking after a loss. even after kennedy stole the election like a bank robber with a gun in 1960s, the republicans didn't protest. why are these people big sulking babies. neil: he didot steal the election. let's not go down the election. >> yes he did. yes he did. neil: i would like to move down. what is going on in this century and get this sense where the
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democrats go with this? if they say it is not their doing, none of this had to do with them, and keep clinging to the two million popular vote lead, there is no reason to change it was just a sort of a fluke development or it was fox or it was the media not doing its job -- >> it was you. neil: they're in denial. they're in denial, right? what happens here? >> they're in -- i think what happens they pick a guy who is a far left, very strange guy named keith ellison to be the head of the democratic national committee. they move ever farther out in the american mainstream. republicans become every more dominant party. bear in mind, mr. trump is capable of making gigantic mistakes. republicans in congress are capable of making gigantic mistakes. doesn't seem the democrats are realizing the country and they're another. they don't own america. the democratic party does not own america. they have to appeal to american
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values, and american common sense and they stopped doing it a while ago. at least in the states that counted. neil: finally, this big guy you talked to, actor or director? >> i'm not telling you. gigantically important person in hollywood. gigantically. neil: really? >> not as important as you but gigantically important. neil: like everyone would know this person? >> every person in the world would know this person. neil: i think i know who it is. we'll explore this later. we report. you deride. thank you very much. catch him this weekend on "cavuto on business." just a great mind. funny guy too. this was the week we lost a hero, right? john glenn is gone. you know what else we lost? came back with all the remembrances, a time we dreamed big, thought big an made things happen. >> i believe that this nation should commit itself to achieving the goal, before this
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♪ neil: the ability to send satellites and vehicles and ships way beyond earth, to land on mars, to visit the moons of jupiter, to go way beyond the solar system, do you need men and women to do it? >> well i think wherever, whatever information we can get with robots why we should do it. but then i think there come as time when to get more information you need human on the spot. if you have a laboratory here on earth and said okay, but we're going to do research here but you can't go into the laboratory, we'll do it all by robotics, most scientists are saying that wasn't being realistic. there is time when you have done all the exploring with robotics,
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that is the time for man to go. that is the time for people to be out there on mars. would i like to see a mars program sometime. a little more in the future than we hadn't indicated today but i think it is good to plan like this, but i'm still concerned we not lose support for this, and lose support for the international space station. it is just coming into fruition, very valuable to everybody here on earth. neil: he was 83 years young back then, john glenn saying there is a place for man to play in these explorations of spaceway beyond his original mission to orbit the earth, the first american to do so. to former astronaut mary ellen weber, to what we have lost besides john glenn. thank you very much for coming. i was thinking of all this, jfk get a man on the moon before decades is out. that was months before john glenn's friendship 7 flight.
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he hadn't gotten a man fully around the earth yet and here he was dreaming big getting a man on the moon. we don't dream big anymore, do we? >> i think i have to disagree with that. we are dreaming very big right now. this is the most incredible development time in all of nasa's history. we are developing five new vehicles, not just to go to the international space station but to go beyond, even beyond the moon. we're talking about launching that vehicle that nasa has been developing in just a couple of years without a you crew, and just at the turn of the next decade, it will be a crude mission, going further than the moon -- crewed mission. neil: if we have these gigantic vehicles that will be doing this, is the goal to go to mars as john glenn was looking forward to and others have been saying or where? was it singular goal as it was during kennedy's time for the moon or what?
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>> absolutely, the long-term goal is to go to mars but we can't go there just in one step. neil: right. >> mars is so much further than the moon. we have to take it in pieces. so this next mission i'm talking about, to go somewhere, it is called lunar space, between the moon and mars. so we can test systems. we can make sure we keep crews alive long enough out there, so far away from our earth. so it's going to be, stepwise and in pieces but we're definitely going to get to mars. everybody committed. neil: well, i hope that's true. you're closer to this than i'll ever be but one of the thing that worries me for a time being i still see us hitching rides to the space station. when does that end where we can go our own way? >> well, actually, the plan is right now we are funding, nasa is funding several companies to develop crewed vehicles
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including boeing and spacex to take a crewed vehicle to the international space station. originally those flights were scheduled for 2017, which is right upon us. and, it may slip by a few months but not much more than that we're very confident that those companies will deliver for us. it has been a great partnership between those companies and nasa. neil: do you think we should be spending more on space period or spreading this out with private concerns? there has been spacex and some of these other ventures, this will be the way it goes going forward? >> well, you have to understand nasa has funded those private companies. neil: very true. very true. >> this was a nasa decision to fund those companies, fund the development of these vehicles and that's what made it all happen. it is a very expensive, daunting proposition for any private company to build a space vehicle. and so, without that partnership, that i'm talking
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about, between nasa and these private companies, it never would have happened. but i do think it is the wave of the future. neil: you think in this tough spending environment, mary ellen, a lot of people saying, all right, this isn't a high priority for us, we don't have the money to spend on this sort of like in the latter days of apollo program, you don't see that. >> i actually don't. i've seen resurge answer of interest by the american people and our legislators to keep funding space and doing these amazing development efforts we have going on. neil: i hope you're right. that would be very good news indeed. mary ellen weber thank you very much. >> thank you. neil: a good peek at the dow, well into record territory here. 80 point gain. a little more than 300 points away from dow 20,000. wow. i talked to my doctor and found a missing piece
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>> what an incredible day and week. we are just a little bit more than 310 points away. as is all something else. as is all everything. through the next hour. it's pretty amazing stuff. a big rally in louisiana. he is facing a runoff vote there tomorrow. all of this as we continue watching the markets hit new highs the trump rally it just keeps rolling on. you are looking at the states there in baton rouge. he's about to come on. he will talk to a crowd of about 5,000 people there. if they could snag the senate seat then it will increase the majority to
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