stuart: friday at 12 noon. i might add the market has sold off, not that much, but we're down 75 points. maybe there's some concern about a trade war because we've withdrawn from these trade agreements. but nonetheless, an extraordinary degree of action. the market down 70. neil, it's yours. neil: all right, stuart, thank you very, very much. we are following market reaction to all of this. as stuart just told you here, the president signing three executive orders in rapid-fire just minutes ago, in the follows on top of the three he already signed on friday. but here's what this is all about. targeting trade deals, he says that aren't benefiting american workers including the trans-pacific pipbe partnership deal. he went on to say that that was a great thing for the american worker, this order, he said, to essentially take us out of it. the executive order itself doesn't necessarily formally take us out of it, it just freezes any more progress on those trade talks. the goal of the president is to get us out of this, something he says is going to be deleterious

to this country. he effectively put a federal hiring freeze in effect. this is certainly something that a lot of republican presidents do, ronald reagan did the same thing. this does not apply to the military, however. keep in mind that even with ronald reagan, the overall size of the federal government still grew. now, there's a lot of back and forth on this and a lot of heated back and forth on this. keep in mind later today the president's going to meet with leaders in both the republican and the democratic party on capitol hill. connell mcshane with the fast flurry of events. >> reporter: well, we were always told, neil, this would be the day, the monday after the inauguration by administration officials that this new administration really hit the ground running, and they've done that today. you mentioned the executive orders, the scene at the white house with the president signing into effect these executive orders that do, indeed, withdraw the united states, as you said, from the trans-pacific partnership. the hiring freeze exempts the military. that third executive order probably needs the most explanation than those other two

certainly expected for the most part, but this third executive order bans ngos, nongovernmental organizations, that are federally funded from providing abortions overseas. all three of those from this president that started his day at the white house meeting with a thurm of business leaders -- a number of business leaders, brought them into the white house and appeared to make some news when he made comments with what he had to say specifically about corporate taxes. watch the president from earlier. earlier. >> we're trying to get it down anywhere from 15 to 20% and it's now 35% but probably more, 38%, than it is 35, wouldn't you say? that's a big thing. a bigger thing, that surprised me the fact we'll be cutting regulation massively. reporter: regulation cuts we expected but the 20% number talked about by the house gop. opening from the negotiation for the president on 15 or 20. talking about a middle class tax

cut saying he would cut taxes for middle class, quote, massively. executives came out from the white house after the meeting. the threatened during this meeting a border tax on companies that take their business outside of the united states and try to bring their business or products back into the united states. one of those executives, tooking at andrew liveris came to speak, we heard this from the ford ceo. watch. >> i'm came out a lot of confidence that the president is making sure that the united states economy is very strong and policies, tax, regulatory or trade to drive that, and i think that encourages all of us as ceos as we make decisions going forward. reporter: so all of this happening on the first full week of for this new presidency. more to come here on this monday, the president receiving his intelligence briefings. supposed to have lunch with the vice president. afternoon, sean spicer press

briefing will be closely watched meetings with union leaders and congressional leadership, meeting with one-on-one with the speak evident house, paul ryan. all on this monday. neil: the abortion issue was not expected today, this was not expected. a directive effectively bans, connell pointed out, u.s. non-governmental organizations receiving federal funding from providing abortions abroad. so finely-tuned anti-abortion ruling. comes days before the national right-to-life march which the president has said he finds certain kinship. but again this was one of the things that that million women protest march was fearing and targeting, protesting over just yesterday, across washington and across the globe. meanwhile we have a federal job blocking the merger. fallout not only affecting those stocks you but the entire

sector. nicole petallides with latest on that. nicole. >> federal judge supporting what the department of department of justice said they didn't like the deal between aetna and humana. they blocked the deal. $34 billion deal. the two companies talked about this since july of 2015. they tried to make their case why it would be good idea. more cost effective, products, efficiency but the question big picture now we have this blocked because the justice department has said it would reduce service, higher prices. but the big picture becomes what happens to future mergers, not only aetna and humana are off their lows of the day. they had a quick knee-jerk reaction, off the lows of the day, but other mergers, anthem-cigna, and $85 billion deal, at&t and time warner everybody continues to scrutinize. at&t and time warner both higher today. but where the trump

administration stands on these type of deals, looking at them most likely one by one. one came out out and evident today, aetna and humana. that deal blocked, anti-competitive. both stocks dropped. by the way aetna dropped about four bucks. humana drop the 14 bucks but both off the lows. neil. neil: thank you very much, nicole. we mentioned off this this pacific parter inship order and president says he doesn't want any part of it. ever since the language in the president's address, in his inaugural address, japanese stocks, foreign markets concerned fallen the most on fears that he will walk away from any trade deal that might benefit asia, more particularly in this case, japan. so that market was feeling the pinch. china not so much. china was falling well ahead of

this. it might be a bounceback for that market. we have former bush 43 spokesperson, mercedes schlapp, democratic strategist, chris at this setzer. let's get right to it, guys. mercedes, you first. this should not be a big surprise or fox alert for anybody who was paying attention to donald trump and what he wanted to do. he is now fulfilling that. the question can he carry through on it beyond executive orders and get congress to go withim, what do you think? >> the executive orders are first place to start. no surprise on the tpp, signing of that executive order and pushing back on that which should please democrats for the most part, remember, republicans were the ones pushing for tpp along with president obama. and then on the other, on the other hand when you have mexico city policy for example, that's a big, big support for what would be the pro-life, evangelicals, catholics came out and supported donald trump.

obviously you could say that governor pence would have an influence on that as well. it is an issue very important to the pro-life community, helping to stop taxpayer dollars to be involved in the abortion industry abroad. so i think one thing you know about donald trump, neil, is the fact that he made it from day one he was going to take action. obviously for executive orders it is very easy. when he runs into congress this is when the negotiating begins. neil: you know, john, i also think that the first 100 days of the administration and this attention deficit disorder world we live in, the first 100 hours count for a great deal, that you send a you will be busy, busy, you will sign a lot of executive orders because getting legislation through takes time but if you start from the get-go with executive orders that seem sweeping in nature, that will do the trick. what do you think? >> well, neil, i agree with you.

amateur hour in america is over. we have professional. we have a chief executive running the executive branch right now. i don't think that president trump will pass as many laws as, let's say fdr did. i think he was over 70 laws, new laws in his first 100 days. but, president trump is a man of action and you know, per mercedes's point earlier he is just doing exactly what he said he was going to do when he campaigned, and he is meeting with union leaders later today and later this week. and they don't want the tpp. the evangelical supporters they don't want taxpayer-funded abortions. he is delivering the promises made. folks like chuck schumer and certainly paul ryan, hopefully everybody will get on board where they were elected by one

state in chuck schumer's situation with new york, the president was elected by the entire country. so hopefully -- neil: along with christie, i think he will will more problems, president trump within his own party when it comes to to like trade deals and the like. populist approach went with, thinking along with the tax cut plan that he says will be big, big, big, already words from the senate leader, wait a minute, we've got to be revenue neutral here. so, i don't know there might be fires on the home front. >> republican party leadership are only ones who can keep him in check on issues issues on the campaign, interesting collection of both people all the way on the right and people all the way on the left, burning supporters

who wanted to overturn tpp absolutely against it. so i think you are going to see some problems with republicans there, who were who were in favor of it, one of the things i want to talk about, flurry of activity today not surprising in terms of issues, but also strategic and deciding to turn the page on this weekend, where you saw he and his administration in defensive mode about crowd size, about the, you know the women's marchs and about the idea that he originally said he would take the weekend off and start on monday. so you do see him in, in a flury of action mode, probably trying to turn the page. neil: you could be right about that. he commented on constitutional right to protest. didn't understand why they were protesting. maybe many of them should have voted. i agree with you making issue of crowd size was probably a

evident withed effort, it is, what it is, and it's done. mercedes, that is the fear some republicans have, he will go back to that on offense and doing other stuff that they like to see he could stumble back into some of this oth stuff that really doesn't move the needle. what do you think? >> i think it would be wise for the trump presidency and his team to focus on these issues that the voters care about, which is making sure you don't have a tpp. executive orders on obamacare. if he stays focused on the agenda, i think that could see approval ratings going. when you get distracted on other issues, crowd size, most of us we don't care about. but this was a bigger story in the sense, this was a fight taking to the mainstream media, where i think he is really raising a red flag by saying here's the deal. you all, if you're going to be reporting on different stories that we don't agree on, we'll

call you out on it. for example, the martin luther king -- neil: you nice a lot smarter than i am with this stuff. i thought it was wasted effort. the strategy to call the media every single time it doesn't something he doesn't like, maybe there is lasting near-term value on that, put them on notice even proven he is wrong, maybe i give the benefit of the doubt on that. i will say on this and trade stuff how he explains that to foreign leaders who might be worried that the u.s. is closing itself off from the rest of the world, getting protection, german foreign minister that president trump's inaugural address sounded very protection it to him. others were echoing the same. not everybody, got rave reviews in britain, for example are the britain leadership and prime minister of britain, first foreign leader to visit him on

friday. not everyonwith was against it. that theme and selloff in japan might be a sign some of those folks are worried. what do you say? >> i think, neil, the president is the head cheerleader, ceo of an organization, is the head cheerleader of that organization i think president bush is sending, president trump is sending a very pro-american message out there. there will be some practicality when it gets down to it because obviously workers in other countries, that can live on a dollar a a or very minute maul wages we'll not be able to to come with those countries in certain aspects. there will be a practical sense that will set in. right now president trump is very positive in terms of, you know, he is wanting everybody to consider america first, when they're building these factories and so forth.

and then, you know, we'll see obviously as it evolves in reality. neil: quickly, christie, if you're a democrat and democratic leadership meeting with the president how far do you go, especially on things you would like to see, namely revisit that trans-pacific partnership? it looked like we were getting the shorter end of the stick? how do you play it? >> chuck schumer is very clear, we'll work with trump on things we like. we'll fight him on things we don't. i think democrats will find it slightly ironic that after we heard eight years of how terrible president obama was for using executive orders that, trump signs three on his first day in office. but i think that, you know, schumer and others believe that there are going to be areas, especially where trump was, unusual republican in, taking on somewhat more traditionally democratic policies where they will be able to work with him. neil: guys. want to thank you all very, very

much. in case you tuned in, president expected to sign three more executive orders, depending on how you count the things, six since he was inaugurated on friday. he is busy setting a tone he promised he would set. hit the ground running. how is that weighing in with corporate america? charlie gasparino is next. . .

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anything with a screen is a tv. stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. >> a company that wants to fire all of its people in the united states and build some factories someplace else and then thinks that product is just going to flow across the border into the united states, that's not going to happen. they will have a tax to pay, a border tax, a substantial tax. >> we did talk about the border

tax quite a bit and sort of industries that might be helped or hurt at that. look, i would take the president at his word here. neil: all right, this border tax issue is nothing new. if you listened to donald trump during the campaign but meeting with business leaders today, including michael dell and heads of whirlpool, ford motor company, johnson & johnson, lockheed martin, dow chemical, et.al., you send jobs oversees, you will face the likes of a border tax you would not want to see. maybe we can avoid all of that charlie gasparino, on fallout from the same executives, what do you think? >> we should point out as we reported on your show last week, reince priebus, his chief of staff was making calls to corporate executives about import tax, putting essentially a tax on anything -- neil: anything imported. >> what would happen if we do this. they raised question.

numbers were bouncing around, five, to 10%, what happened, from what i understand, ceos don't do that for a lot of reasons including the fact that we, if this were made in the u.s., my iphone, right, i don't think it is, if it were parts of it would be made overseas probably. parts of cars. neil: u.s. in particular. >> just because. neil: on the tpp thing, the teamsters are applauding it. >> of course, big labor loves this stuff. neil: there in lies the both the gift and the problems for donald trump. >> right. neil: populist approach in many cases is more popular with democrats than it is with republican. >> union guys will love this. neil: right. >> let's be real clear, companies need in order to keep some jobs here they need to find cheaper ways to make products, guess what those union guys do? they squeeze the hell out of these companies with pensions and things of that nature. not saying anything is wrong with that. just giving you modern economics. this is the way it works.

neil: do you think he has trouble selling squash the tpp start from scratch with republicans? >> anybody that hints of protectionism, not saying rewriting nafta to make it better, stuff like that, will have a hard time with congress. i will tell you this, the markets, if you look it, markets initially when he gave this meeting with the, minute he started talking about the border tax, boom, it went right now down. neil: look at japan. the first state to respond to inaugural address. didn't respond well. largely because the japan feels tpp goes away, the moneymaker, feather in his cap is gone. then what? neil: let's be real clear about protectionism. we have tried it various parts of our economic history. neil: he said it is not protectionism. >> he said he had biggest crowds at inaugural. i will not debate about crowds.

i will tell you debate about protectionism, economic history has not been very good. if you look at the great depression, one of the reasons we had a great depression, lasted long time, 10 years despite massive federal outlay, concerns sy january economics, lots of public spending, reason it lasted that long, people talked about protectionism. there was not a free flow of goods back and forth. neil: you think he can get a lot of stuff through? one thing to sign executive orders, they give you running room eventually you you have to legislate stuff. eventually it goes to courts or more likely it's sort of nowed out in the has and or senate? >> method to his madness according to the people i talk to, people that work for him, is simply this. he is going to ask for everything and negotiate back down. neil: absolutely. i think you're right about that. >> if that is where it is going, this could be very economically good presidency, because he is going, listen, he is going to

wield a big stick with companies. neil: you see who was off to the side signing this stuff? bannon. >> interesting. mr. nationalist, brilliant, bannon, let's be clear here. bannon is the reason why he got elected. neil: by the way, as far as it's all about giving even impressions when you start. >> right. but here's the thing, neil, i'm going to tell you this, newt gingrich talked about it yesterday, we talked about it, if he doesn't get the economy going, markets are an indicator, it is a moot point. he really does have to produce. neil: i walked back to my hotel essentially alone. did you worry about me? >> you threw me off the air at 4:00. neil: i did? >> i was literally thrown off the air at 4:00 or i would have walked back with you. i would have held your hand. neil: is that what he says, ralph? we're out of time. >> i was too busy protecting chachi. neil: that is whole another thing next hour. right after this.

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neil: you know, this is proof that i pass along news that i'm not even interested in you "star wars" episode eight as the title. "star wars" the last jedi. anyway, hits theaters december 17, 2017 around the world and what shall we call it? how about the last jedi. done. meanwhile, congressman pompeo is indeed expected to be confirmed later. cia director rex tillerson could face another hurdle that he avoided a big one today. secretary of state peter barnes with all these confirmations. yeah, that's right. the rex tillerson and might pompeo look good to pass the senate today and get their jobs. most of the weekend come are

particularly for rex tillerson with republican boards on foreign policy. two of them, john mccain and lindsey graham both came out supporting rex tillerson and today marco rubio of florida who had been critical, had some very critical questions also said he would support him today. he had some issues regarding russia and ukraine area, russia and syria. given the uncertainty that exists both at home and abroad about the direction of our foreign policy, it would be against our national interest to have this confirmation unnecessarily delayed coming there for despite my reservations i will support the nomination in the key committee and then the full senate. expected to meet at 430 today, approved rex tillerson and the nomination to the full senate was expected to be approved likely tonight. and also as you mentioned, mike

pompeo, the congressman a for cia director and a vote on him will be held in the senate at 3:00 and also expected to pass as well. neil: much has been made of the fact that at this point barack obama had seven cabinet officials ready to go. two maybe three for 4%. does that have rapidly how it can be going? >> he obviously wants to have this team together given all the very tough issues that inherits from the obama administration. go see the president, the new president spent his time today largely on domestic matters. the president went out on saturday. the special cia director accompanied him.

not out of a molehill. >> thank you, sir. in the meantime, the protests across the country, across the world and a lot of them in washington. you won't believe what their focus will be. but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence.

neil: how about a million woman march for the worldwide protests if activists are looking at an april 15th protest. that is tax day. they are not over your taxes or their taxes, the president trumps taxes. tea party patriots on all this. apparently what they are saying is you have not said you're not going to release your taxes and that doesn't fly with us, so this is a worldwide rally for them to do just that. i think i've got the gist of it. what do you think? >> it sounds like that's what they're doing. i don't think it's a good strategy to be elected without releasing his taxes. he's not going to release his taxes. neil: carrots then hope that he would because after a nod to

maybe he was stringing people along. what about you. >> what they really need to be doing is looking at these executive orders he just signed. i think they will find energy and appreciate some of what he's doing. the one-page assignment time the united states print tpb is like one that a lot of the protesters would support. they are trying to say they are like a tea party and they really not like the tea party. we were standing for enduring print and personal freedom, economic freedom and a debt-free future. these are people angry and they don't have a cohesive cohort message. >> he that is that many, a lot of people doing that and they have numbers doing that. i'm not here to judge that. i am questioning whether if things are starting off is this

a routine now and how does this handle it? >> well, when interesting things that i heard over the weekend was her saying that they did not reach out to her should talk to the white house in the new administration and perhaps this administration to treat these protesters differently than the way the tea parties been treated for the last eight years. we were ignored and boxed in the white house never even offered any sort of invitation whatsoever to speak to us. so perhaps this administration will listen to some of their complaint and look for synergy where reappeared that would be a step in the right direction for all of america. neil: question they barack obama, one of the final interviews gabe retching respects to you guys in general about some of the implemented changing and the way he went about it and how effectively went about it. all of that to your credit. having said that, in what i'm

asking is scrutinizing this precedent because he has taught about very big tax cut. but they might at least read numbers, but the deficit at least near-term before they bring in the revenue. how do you feel about that? how do you reconcile that? >> as you know, we are for a debt-free future. as the congress is working on the budget allow attacks or farms, they will be due around april 15th. we want to make sure that what they are looking for something that'll get us to a path where we have a balanced budget so we can begin to pay off a $20 trillion in debt. that's going to happen through tax cuts and growing the economy as well as addressing government pending. >> host: how did he feel about trade deal?

did executive order dialing back and trying to push out of the transpacific partnership deal. the republicans i haven't heard to manage but oddly enough president obama trying to get it through. falling apart. how do you feel about it? how does a tea party feel about that when they turn away from these deals? >> our organization gets a chance against dpp. the fact that president trump signed the executive order today is a win for the things we've been fighting for. as president trump has said, it's got to be the benefit of the united states. i think that we are going to see that. one way we are going to be able to do that, one other thing we have to do in addition to looking at the trade deals is reducing regulations of businesses in america must adhere to, yet they don't have

to adhere to other parts of the world. i think president trump will be addressing those regulations as well. trade to thank you very much. i'm trade deals, by the way, there is a news item i want to pass on from the white house correspondent john roberts i may be the president going even further today in trade deals and revisiting nafta. that could come later today. the north american free trade agreement. we got the short end of the stick. keep in mind this is now connected trade policy so it's not as easy as doing what he wants to do on the trail said that partnership. this is revisiting and looking towards renegotiating it. again, keeping in the name of welcomed by many on the left. all of the union ties. not so much an array. here we go. when it comes to healthcare,

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neil: we are good and worked your news from the air force base in arizona has been locked down. getting the point is impossible shots fired. it is currently in lockdown. unconfirmed reports of gunshots on. seek shelter immediately. if we hear anything more, we will of course pass it along. tax refunds could be delayed or at least a big tax cut a lot of folks want to say. all of it here. take a look. >> it is our intention to use budget reconciliation to pass tax reform to dramatically simplify the tax code and lessen the burdens and job creators and once again democrats may try to block it but they're not and be able to. they don't have the votes. >> you heard it here first on fox business news. you may see a business tax cut where you could actually get a lot of democrats.

if you link that with infrastructure spending, then you might be the second part which is brad is tax with one for another day. >> i was offered last week. but we want to remind you again, we are getting more and more signs now that is the way it should be not. the broad-based tax reform after the corporate stuff, that could be part two event. the former congressional budget office director on what to make of that. is that the way you think it will go? >> it's one possibility, neil. the key has been a tax reform has to originate in the house. we know there's a plan for quite some time to pass a budget in april to use that budget to have the -called reconciliation instructions where they can put tax reform and reconciliation.

they are trying to assess whether they can get democrats on the corporate reform and passing regular order and not have to reconciliation approach. if they don't have that headcount, i expect the house to go ahead full text their version of tax form which has always been comprehensive peace in the two defendants electing comeback. neil: one of the things i admire long before his abo direct heirs and the mccain campaign, you were very good at math. very good at addition and subtraction which makes you stand out in washington. to matter how i look at these various proposals, they bust the deficit unless something miraculous even if it's corporate reform upfront is in the near term more than likely to make the deficit worse. i will give all kudos about the dynamic accounting reform our

revenue presumably comes in. i can't see a way around that. what am i missing? >> you are not missing anything. i have thought for a while that the specifics is probably not something you can get through congress. we have heard in recent weeks some important words out of chairman brady, the ways and means committee. speaker ryan and most recently secretary designate mnuchin that they wanted to be revenue natural. i would not be shocked quite frankly if this ended up losing some revenue. i don't see massive impact in the out years because they inherit a problem so big from former president obama that they have to come to terms in a couple years. neil: offsetting what happens, the higher rates now which makes this nearly $20 trillion debt go up by asbestos at a minimum. so then what?

>> the kind of spending in the infrastructure program can assume increased it would be sustaining. there's no big new entitlement spending. they do what they do and that's an important variable. and then use the next year and particularly the year after that the realization they have to come to terms the inability of the budget and they have a different mindset in washington among republicans who have to fix the problem. train to ensure you like me follow a lot of the foreign press and a lot of them are getting antsy after the president short but pretty in-your-face a natural address and now with the news he's making on the transpacific partnership come in the asian trading deals and moves afoot later ryan to readdress are sort of renegotiate the north american free trade act better known as nafta.

they should not be enormously worried about the triumph trade message. this is coming from a trump adviser. foreign governments are. should they be? >> i'm pretty sure they are. if they listen to the inaugural address, deborah little comfort to someone in a nato capital. i do think is good at thinking about the message there. the congress of the united states said no more politicians who complain but never get anything done. he's taken action and put them on the site to deliver. neil: is putting more republicans on the spot. anything heralded by the teamsters is an automatic indication to me that's not the criminal party. >> i would say is not particularly interested in their feelings. he's interested in getting things done bashing campaign promises to publicans in some

cases are comfortable. he sent them a comfortable during the campaign. >> that's well put. doug holtz he can come the former cbo director. people should be reminded, whether you like it is doing or not, he is following everything he said he would do when running for president. as a populist approach that bugged a lot of deep in his own party. this is his way of saying to his own party i am neither with you anymore than i am at the democrats. i am a populist. more after this. i know you're my financial advisor, but are you gonna bring up that stock again? well you need to think about selling some of it. my dad gave me those shares, you know? he ran that company. i get it. but you know i think you own too much. gotta manage your risk. and you've gotta switch to decaf. an honest opinion, even if you disagree.

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products again. we don't want to bring them in. we want to make them here. that doesn't mean we don't trade because we do trade paper we want to make our products here. neil: do you ever wonder what exactly this whole thing is? it is massive. basically every big technology firm on the planet have a mistaken interest in it. so when it is saying it wants to build the u.s. planned course name it wants to hire 50,000 workers over the next year, sending the signal psubly thatt's open for business and wants to do business here. the question is that all of that pre-baked into the cake anyway it pours us away with making nice with the incoming president of the united states. nicole petallides with the details. >> well, i will say that this is something considered in past years, but did not get the turns in the deals they had hoped and that did not bring those factories here.

now they seem to be a lot more amenable to bring it back to pennsylvania, an area where donald trump's promise out to the steelworkers, dried-up factories over there. don't forget donald trump was the first republican president to win pennsylvania since 1988 and now says we are considering this. $70 billion in investment. new factory. the chairman looking at this and thinking if we can get the dl firm and empower and have the right bargains for these types of things, we can bring in maybe 30,000 to 50,000 u.s. jobs. so this is one of many companies considering right here to the united states. other companies eyeing investments in the united states in addition to fox god, including fiat chrysler. toyota, apple, u.s. companies that had been concerning those jobs abroad.

so that being said, this is some name huge as you noted consider doing years ago but could not make the deal. now it state-by-state and your pennsylvania, the chairman say in pennsylvania as most like we once did at least for now to win this going forward. other states as well. train to the idea is this is going to have been. the question as to what degree, how soon. not a matter of if but when. >> it does seem like more of a secure idea because it was something that considered a nearest pass but was outed by the eeo. it is supposed to be a private talk. now everybody knows it. you know it, i know it. neil: goes like a donald trump that he broke into your gmail, i know it. thank you, nicole. will they get some more details on this in a half hour or so.

sean spicer will be giving his first formal briefing. remember that one on saturday was more about going out to the news networks and others who may it big deal about the cry of guys. it didn't go down well. this may be different.

neil: we are less than half an hour away from sean spicer's first formal press briefing. a lot of people thought we were going to see that on saturday with a brief announcement to say announcement to take immediate god upon a crowd they. this is supposed to be none of that. just a chance for reporters to question him. did a follow-up on that kind of sad for these executive orders to go after transpacific hardware should deals on all this stuff for my likely be the case. we do know someone who will be there a split burden at the white house with a bit of a preview. what can we expect?

>> is an open bookt the white house press briefing room. this'll be the first official press briefing by the new press secretary, sean spicer. there was that a minute or so cameo over the weekend in which he basically dressdown members for the inauguration crowd sizes. this will be more, we believe that is because nobody knows how this will play out. we believe this will be more of a traditional question-and-answer session with the media. the way this has played out in administrations past, briefing last about an hour or so. press secretary goes around the room and takes questions. we'll see how that all and follow through with official briefing by sean spicer here and half an hour we are told. we'll see if he starts on time as well. busy day at the white house. his first action this morning was to meet with leaders. michael dell about 12 high profile ceos in the name moved on to the executive orders that

he signed talking about them a little bit. his intentions to withdraw from the transpacific partnership deal. the freeze of hiring federal workers. the military not included in a provision dealing with overseas funding for abortions. here we are in the white house press briefing room. they should start 30 minutes from now. we do expect to see sean spicer and we'll see you in me and probably the 50 to 75 other people in this room and probably millions more out there watching. neil: thank you, my friend. in the meantime, president trump has a morning presumably even our friends like japan. >> retreat countries fairly, but they have to treat us fairly. as an example, we sell a car in japan and they do things to ask that make it impossible to sell cars in japan and yet they felt cars to sma commented by the hundreds at a sense of the ships

have ever seen. we have to all-caps about that. it's not fair. neil: badges sorted crystallized sentiment within donald trump's inaugural address. this was the first day for asian rks to respondo th and boy did they ever. then followed more precipitously japan's nikkei down 1% today. the market watcher gary culp on with the economists and market watcher, very good read of history as well. last but not least, gerri willis. none of this should surprise us. these are positions he's long had a nice implementing them come the same as executive order to revisit the transpacific readership from a largely asian deal to which the japanese were picking so much of their fortune. and we will talk later today looking at nafta and revisiting that. >> what's so interesting about this is he is doing it

differently than other presidents. other presidents promise a lot on the campaign trail and never follow through. tribe is actually saying the same thing for an office he did out of office. and this is going to be a question for people, for example on wall street as it is in asia about this trade. if not then been well-regarded by wall street. they don't like the idea of not having free trade. here is how trump describes it. he calls in fair trade. not free trade. fair trade. as we showed in other like a penny was to put in place a big penalty, a big tariffs on american companies to go overseas, pretty sentiment that back into her country. let me tell you about some of the people all over america who applaud that. neil: lots and lots of republicans oddly enough to not. john mccain is the first to say wait a minute.

bacardi seen the teamsters terrell this move. what are we looking at? this is the upside down world. >> it is. we all know. if we back away, japan and china both direct carriers to trade. japan will take our agricultural projects would make it to the poor and nitpick until they brought. and we know these problems if the us. they subsidize their industry. they steal our intellectual property. that all goes on and that should stop. i agree with the president 1000% on that. one thing i don't know how you do, you can't tax one company. it's unconstitutional. you can't tax one person. you can't tax one company because they moved their plan. donald trump should know. he's worked with foreign hotels. sometimes it makes sense for a company to build the plant

morales because they do business all around the world. the most important part from my perspective is that we are going to cut regulation and cut tax rates by willing companies to invest here or stay here we win. not by punishing them. and also we can win again in china and japan to play fair. i do agree with that. neil: kerry, he did kind of tip his hand a little bit here by saying you're not going to want to leave here. but when he was meeting with the business leaders saying you're not in one of the period before an entertained the thought for the regulations are dealing with is going to be a massive tax cut. you'll have very little reason to go. what did you think of that? >> well, all we talked about the last eight years as obama should

be setting the conditions for business to thrive and he did the exact opposite. regulation after regulation from a hidden tax after hidden tax and trump is rolling it all back. nothing that happens. he uses the word animation that's exactly what you do. there's no way is getting rid of 75% of regulations, but just going that way, going that route will change the playing field. sorry straight, the one thini do like is a good negotiator, he's starting high. starting with strength and he will negotiate from a position of strength. it will combat can compromise. they are cheating over there. they will take care of her own and do better there. you've got to get tough. neil: we mentioned before the prime minister was not worried by this talk of potentially revisiting nafta.

they are commenting very closely. he is scheduled to visit the president in the next couple weeks. i am wondering how that going to go and when you meet with mexico's president and you meet with candidates, how is all this going to go down? >> at the very good question. they've never been here before. unwinding trades his is not something that typically happens. we know mexico has not been happy with us for some time about the talk about the law. within closer to canada over the obama administration. here's what so great about this. people are paying attention. but the president says and taken them seriously. and i believe it's a first step. i think these guys have it exactly right. is a first step yet this is an opening gambit. the numbers for example trumpets

out cutting corporate taxes by 15% was his original statement today. 15% to 20%. this is all a negotiation. this is the opening bout. neil: thank you all very much. a little more from the mexican president mieko talking about a relationship, redefined the relationship of the u.s. government and the bilateral relationship with the u.s. and strong dialogue is important. so nothing exactly shocking or, just hoping to have a constructive relationship with the new occupant in the white house. meanwhile, theresidenteeting with congressional leaders shu both sides. henry cuellar of texas on what it's like to see come out of that power. what do you want to say? >> hopefully we can start out with the basic premise that just like i wanted president obama to succeed at what president trump

to succeed because of the president succeeds, america's succeed and hopefully we can start out with the basic premise and issue by issue see what they can agree on to find common ground. i'm hoping that's what everybody will do that today. >> said he will agree inside the dough. that's the way it goes. i'm sure that many democrats there are many things in the transpacific archbishop elect to revisit and apparently this is the chance for the president of the united states. apparently as well, nafta which was supposedly concluded trade legislation back to the clinton administration. how do you feel about that? >> has started more under republican presidents and was concluded under president clinton. of course i do. not just starts out with the basic premise.

canada and mexico are friends of ours. they are not threats. they are friends of ours. should we go ahead and make some changes to nafta? i'll be the first one to say i'm coming in a texas gorgeous and named import. goods come in and eventually come in and touch every single state that we have. and now is they are tough right now? president trump and acting they will start sending out while they are not going to do it to make it better for all three countries. >> to varying degrees under the trade deal. we get the shorter end of the state. you agree with that premise?

>> i certainly agree that we need to make sure and is not taken advantage by any country where there is a tpp from the transpacific hardship and i do support that. i'm a democrat that supports trade. we cannot look inward. 95% of our consumers in the world are outside the u.s. 95%. the u.s. can compete with anybody, any country. we've just got to make sure they don't put nontariff themselves. they would make it hard for we can tell our goods. if they're able to bring their goods into the u.s., we should be able to send our good and to those countries. >> thank you, neil. neil: debriefing on the part of sean spicer. the first formal question-and-answer we are told

in the white house. president obama, the hole in their share of company in town right now. minutes away from hearing their take on the changing world and how they hope to change it beginning with all of these economic issues that are the life and blood of fox business

neil: all day. sometimes i wonder who comes up with this stuff. mexico's president talking about donald trump and may be looking at nafta and free trade. he thinks it's important that these be a win-win. [laughter] win-win.

all right. anything that reeks like that, and now here's charles payne to talk about win-win no matter where you stand on the back. you and i were saying a little bit bizarro world because you have teamsters supporting this president on what he wants to do to revisit the nation trade agreement and john mccain criticizing it. where are we going? >> democratic congressman cannot with a full endorsement for free trade. neil: better then given state he comes from. you're right, inserted upside down. >> i can't but he said about thousands and thousands of trucks across the border. one of the last pieces of nafta that went into effect, by the way we thought for a long time as allowing mexican truck drivers to go all the way through. for years they have to let

americans take those flows. that was the tipping point for some of these unions and particularly of course the teamsters. just about a year and half ago bailout for mexican trucks to go all the way through. though these are 10, $12,000. they are just the last piece of nafta that went through. they finally got through president obama. obviously on one hand we do know we are just 5% of the worlds population. the rest of the world is getting wealthier and rwanda do more. by the same token, we want americans to have great jobs they used to have in the past than it should be no reasons why we can't rekindle some of that. but, i think it's a really good idea to keep jobs here. if you guys are shutting down a factory, i'm not going to be happy.

i'm paraphrasing here. but as they shut down the factory because the businesses that year. as a threat and that as well? that's a great point. the guy who put it together, the ceo i went and looked at the third-quarter earnings report, the most recent earnings report. $4.6 billion from north america. 3.7 for america in the middle east and africa. 2.6 from asia-pacific. almost the last quarter dugout one quarter of business in this country. so what happens when your growth is outside of this country. two thirds of your business outside the country and you want to tap into potential clubs and asia-pacific are they going to manage travel for a panoply of rapid in here? i'm not sure. neil: the old argument that you can do business abroad and sell your to thailand or china is not good enough anymore when

companies then started high. to make even those relationships better, that data sent across the line to donald trump. >> i'm not sure. donald trump talked about companies moving businesses out and exporting those products back in. that's low-hanging fruit. those are easy targets to say that really crosses the line. if you open up a plant. neil: other countries can do that with relative ease and not face the penalties they do here. >> a duo with ease and that's what the automobile plants are there. mexico is 40 and a penetrative granites around the world so they don't pay a tax or tariff. the advantage has nothing to do with currency come that cheap labor, anything. neil: is the first to mention that i'm prominent media? a lot of people said that the big deal. that's a legitimate deal, but now you have the mexican president and look, these trade

deals were crafted together, you can't just walk back on them now. >> there's no doubt in my mind that president mobley. though come to the table prepared to give some concessions. the only argument will be how much they look at that. there's no doubt in my mind that they are prepared to do that. donald trump will come away. >> how did they sell it to their citizens? >> they will try to frame it as a win-win. in other words, this is the best i could do under the circumstances. within, both economies have done extraordinarily well with this deal. as a fly deal on our behalf out of the gate. mexico still is competitive on the world wide basis. as far as the business specifically with the u.s., they have to make some concessions. neil: they're marketed the first chance to respond to the inaugural address and also what

he's been saying fans, none of this is a surprise. he has entitled anything back. they read into it that he's going to be a protectionist. >> from their vantage point, japan really has gotten off scott free and the discussion because it's only mexico and china. we have a greater trade deficit in the first 11 months of last year with japan and mexico. 58 billion versus 62 billion. by the way, we saw a lot worse if the mexican due to the japanese. you want to talk about protectionist, once we peel back the layers on this one, they could become public enemy number one. we do a lot of business with china despite the loopholes and hurdles to go through. a lot of business with mexico. japan has been in the corner hoping they never targeted. neil: determines pit. the minister they are kind of joking about the reason why.

we don't sell more chevys here because they're not a too are snappier. it's only started taking. >> is only starting and companies and countries are going to get involved in this discussion. each country sets up its own people. >> i don't think so. neil: that's what john mccain is worried about. >> i think is also worried because some people think the tpp was a good deal because china was squirted from it and there's a good way to brand officinalis indecent trade. because china has not only been a bully. but let's just say an amazing growth story over the last 20 years taking business and jobs but from everyone. so a lot of people were excited about this. donald trump says the way this is design was that china could eventually enter it or find a way to manipulate it. so the idea is to start from scratch.

americans are okay with that idea. we should take the mccain concerns into account as well. because china is going to be a lot more difficult to negotiate in japan. certainly mexico and canada which will blink right off the day. >> maybe that's the populace in him i don't know. he sending a signal that he could take out those sites easily and happily. >> under armour said the meeting. they developed a manufacturing in south america and mexico. but are they going to do? do you have to make some products here to be a good citizen? they may have to. >> by the way, the president is also saying he hopes the new trade deal with the u.s. would include improving wages and mexico. mexico does not believe in laws.

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neil: well apparently there is still a white house briefing room. there still is a plan for a press conference. we'll be hearing from sean spicer, the first full throttle press conference, question, answers you name it. not what we saw on saturday, a brief statement. not all that brief, but on the part of mr. spicer to say that the administration was not too pleased with the way the media played numbers of those who watched donald trump's inauguration. that was then. this is different format presumably giving the media to ask questions on the half dozen or so executive orders the president announced and other things he plans to do if busy first few days of trump administration.

bob cusack, "the hill" editor-in-chief. bob, this is the briefing room they were talking about the pool it used to be, not talking pool of reporters, but a physical pool of water. that is not not cards. they crammed 49 seats plus for question and answer. how do you think it will go? >> i think it depends on what spicer does. he will have to move on from the crowd size controversy. that got him to a rocky start. talk about the tpp, obamacare appeal, executive orders. sean is very smart and likes to mix it up with the press, going after buzzfeed, fine you win that fight. when you're fighting with all the press, i think the press will be combative today, i think it would be smart for him to maybe have a joke at the beginning, and move on and talk about policy. neil: we could second-guess that statement about crowd sizes and all from saturday but he is going to be asked about it, how do you think he is going to

answer it? >> i think it would be wise for them to say listen, we said what we said and we'll leave it at that and not talk about, because that also got kellyanne conway in trouble with the alternate facts things. that will stick for a while. he has to say listen, we're moving on from that point. neil: my colleague and friend, jamie coal i about, host of "strange inheritance." it is back. so is she. the jamie, the lawyer in you, how does the administration make the point that you're going to open up legal trade deals that were supposedly settled, although tpp less so than nafta. >> it hadn't been approved. >> right. so we start from scratch. >> i think everything's going to start from scratch. having come back from d.c. like you did, i'm exhausted having to cover the inauguration. i'm not sure how they're getting all this done but really i think it is just senting a message initially all these issues that were on the table are.

we're not yet getting a sense, i don't have any inside information, i don't know if you do what will replace obamacare yet. neil: right, right. >> but i certainly got the sense being in washington that congress, republicans and some democrats i talked to, awaiting to hear and awaiting to ability. they would like to tell their constituent they're getting things done as well. neil: i think you're right about that. >> mr. trump is clearly in charge. neil: no doubt about that bob, one of the things i always notice, i define things like who you took off. i'm noticingly increasingly donald trump is ticking off fellow republicans. john mccain the first out the gate to think about it to say on this trade thing, bad move, mr. president. on the same, in the same hours the teamsters welcomed it. what do you make of that? >> yeah, i just think the way things used to happen in washington, just throw it out the window. congressional republicans, really first time in a decade plus, neil, that the republicans have the house, the senate and

the white house, i think democrats are also, they're adjusting to trump and maybe he will strike some deals with democrats and go after republicans. we saw that on the campaign trail. the media too. trump thrives fighting with the media. that is not going to change. i think they have to pick their spots. when you're fighting you want to inwith the fight, you don't want to lose it, and i think a bit of a rocky start for the weekend but they have a lot to talk about tax reform and health care. they should go about that. obama care replace and repeal and replace, that is where they can make a difference and that's where the trump legacy is going to be remembered, what he got done, not crowd sizes. >> can i comment on the media part of this though? neil: sure. >> i think that mr. trump has used the media for many different things and in this particular case he is dealing with some very esteemed people who have been in the business for a long time. i wish -- neil: steamed or esteemed. >> they are so steamed right now. i wish that he would take a

slightly slower and maybe more quiet tone with it because ultimately i feel like he will need us, not necessarily fox, but i'm saying media in general. neil: i don't think he feels that way. >> he wants to control it, i think -- neil: or just say look, this is how i got here. this is what i will do to stay here. bob, i'm wondering how that will help him or hurt him? those who sort of take on the press can sometimes rue the day. others can happily show a record. ronald reagan comes to mind. he wasn't as much in your face but he really didn't care what the editorial writers wrote or said. he went about doing it. that was then. is that the approach now? >> i mean trump, you've seen in interviews behind the scenes, even last week inauguration with congressional democrats and republicans at that pen signing ceremony, he can schmooze. i think it would be wise for

him, for media people he thinks are fair, less than 50%, to work with him because i do think that headlines tie into approval ratings and his are low at the moment. i think he shouldn't fight with everybody, but certainly there are some in the media that he thinks are unfair. fight with them and call them out when he thinks they're being adversarial sake but fighting entire media, that is going to be tough. neil: i think we have charlie gasparino with us. charlie, you've seen the wall street reaction in early -- had a great start after his election. kind of petered out a little bit, selling on the reality or imminent reality of his coming president but by and large still up after he was elected. what is going on here? >> the market is trying to sort out trump-nomics. it is up since the election. the dow is probably down since january 1. donald trump is all over the place economically. the speech he gave to the business leaders is proof

positive. first he goes in there i will cut tax, cut your regulations like crazy. then he says i will start taxing you if you move anything overseas. part free markets, part not. that might be good for economy and might get him reelected and markets are digesting they don't know where to go with this thing. this is fascinating thing, if you look at market reaction to the wire interpretation when wires services started spouting, putting out headlines, up on taxes, down on the tariffs. neil: you're right. >> i'm telling you man, this is really, as a journalist, this is great stuff. i love covering this. people will need fox business now more than ever to sort of untangle what's going on here. my view from day one has always been you're the average investor here. there was a sort of enticement to buy the market, particularly after republicans got congress and talked about tax cuts and

everything but remember this is more complicated than that. trump-nomics is grab bag of protectionism, sort of america america -- mercantilism, some free markets, some regulation. neil: you can't typecast him. another thing, jamie colby, that came out in the preparation days for inauguration that the trump administration, forget about whether they would even have a briefing room, whether they would have briefings every day. we got used to that with josh earnest in the lasted a administration, but what if we don't? >> i think the difference will be it won't just be press secretary. sean spicer might do his thing at whatever period of time or expected time president trump says. i think president trump will come out and speak when he is ready to speak. for example, when he did signing today, i don't remember more, he was saying you remember i promised this? this is what i'm doing right now. if you don't know what it is let

me explain it to you, and i think he want to connect directly with the people and bypass everybody else. maybe it will work. it worked on the campaign trail. neil: some presidents have gone over the congress and media in the past. bob, i was thinking the fact this president likes to tweet, has and will continue to tweet we're told. and he can remind folks and remind reluctant congressman and women, and all he can tweet about him, right. hey, these are the ones not helping me. >> yes, and the red state democrats in the, many of whom are up in 2018, who sail from states that trump won, they have to be nervous if they go against any of these nominees or his agenda, trump could go after them on twitter. i think, but i do think it is also, we're seeing a little bit of difference between trump and obama as far as schmoozing with congress. trump is meeting with congressional leaders today at the white house. obama did have those type of meetings. he didn't like schmoozing or golfing with members of congress.

that actually hurt obama. that is an area where that can really help trump getting stuff done. >> i ran into chuck schumer on the street when i was in washington. had a brief conversation about him. trust me, he could care less if donald trump tweets about him. full force determined -- neil: -- pretty well personally, right in the beginning. >> i can't go into the conversation i had. neil: said horrible things. >> he has his eyes on everything. neil: really? >> the schmoozing part i think is big, neil. the schmoozing part is big. when we covered president obama he was very aloof. never met with business leaders at all unless lecturing them and yelling at them they're greedy fat cats and would raise their taxes. trump is different. he comes out with this protectionism stuff every now and then, does issue some threats but all the business leaders i know met with him, find him engaging, interested in really doing stuff. this is not, listen, my impulse as a reporter is to attack,

attack, attack him -- neil: not impulse as report, charlie, as a human being. you would have raked mother teresa over the coals. >> no, i would, i draw the line at mother teresa, and my mother. maybe not my mother. the point i'm trying to make here, there is some good that he does here the people are telling me that. that those meetings that he is having with business leaders is not railing about crowd sizes and. actually substantive. neil: one of the things i noticed to charlie's point and touched on something jamie said, everyone has their comfort zone. i think with jamie it is legal issues. can wade threw it, loves doing it. for me it faces food restaurants but i really think in this president's case he is most animated with fellow business goo is, and women. >> yeah. neil, i noticed when he was with trump tower as president-elect

he would come down and speak if jack ma visited him or business titans stop by, bill gates, comes to mind. not so much with any of the others. this is his comfort zone, being with businessmen and women, and that's when he is feel he is on sure footing. he gets off of it when he veers away from it, what do you think? >> i agree. i'm curious to see if that business making, "the art of the deal," which he wrote, will translate into legislating. he is not a details guys. he doesn't want hundreds of pages of briefings, he wants to get right to the point. when he is negotiating with republicans and democrats and he does seem, i would think that he would actually like that. here, you get something, i get something. neil: that is where he is an expert. comfortable with his facts, numbers, viewpoints and argues them passionately. >> yeah. neil: jamie, that is one of the things that will be his strength, when he argues with businessmen i know what is

possible, this is what i believe is possible. >> i traveled all over the country and overseas this year for "strange inheritances." neil: i knew you would work that in. >> 37 cities. we work for the same company. reason i'm telling you that, because i had a chance to talk to every-day people, during the election cycle, fascinating to me, this is what we're hearing now. we're going to get jobs. we're going to be understood. neil: they're confident that he will deliver the goods? >> they came out. they voted and i listened to the protesters in washington and when i got back here, very angry people out in the streets. i started to read their signs. everything i read on their signs were things that president trump said in his inaugural speech. i'm not taking sides. neil: how did the protesters treat you? >> not so well. neil: not so well? did i tell you the story how my staff left me alone to walk in the streets with protesters. >> i did it with an evening gown in washington. a little scary. >> hey, i got into a fight. neil: did you really?

>> i got in a fight. i was protecting chachi. i was protecting chachi. neil: i was looking for bob, he was nowhere to be found. i said, bob, bob, help! nothing. we have more coming out. we're waiting to hear from sean spicer. running a little bit behind schedule here. we're told this will be a full q&a session. this will be the formal first briefing. nothing like we had on saturday, sean spicer came out saturday and made angry faces about crowd sizes and media coverage. how he handles that, bob you probably touched on it eloquently here, let's not belabor the point, it is what it is, we'll move on to other issues. the question whether media will let him do that, what do you think? >> i don't think they will let him do it. the media is fired up, they keep coming at him with a lot of these questions. in hindsight this whole controversy about crowd size was predictable. trump said i had the biggest

crowd sizes, bernie is second, but i'm clearly first. it is important to donald trump. the fact he brought it up at cia which attracted some criticism. whether spicer was told to have the press conference or not, it left a sour taste in the media, and i think -- i think he has to different fuse the situation, and not be combative at the beginning, and talk about all the things that they're going to, you know, they're going to help this country. make america great again. it, that has nothing to do with crowd size. that has to do with policy and reversing things that obama did, perhaps, but not just going after the media again. because he will be "outnumbered" today. >> i disagree. i think he will be the bad cop. when it comes time to doing the other things, talk about, i think kellyanne conway will walk right into that position, if she hasn't already. i think he will come out there and treat the media the way president trump feels. i do. >> you know what? it is backfiring on him.

listen, i have no -- he deserves to be really mad and annoyed and buzzfeed and cnn about that horrible stupid story about his links with russian espionage and everything else. he has 38% approval rating. going to the cia to start talking about crowd sizes is one of the dumbest things i ever seen coming from a elected official. neil: gets you off message. >> it is stupid. neil, he has a big agenda. second quarter with it. i want to hear about tax cuts and stuff. neil: i also think in the beginning, bob, maybe you will disagree, i think in the beginning first few days of an administration, first few weeks people will forgive this sort of stuff. sean spicer right now addressing reporters. >> good afternoon, everyone, thanks to coming out to the first official briefing in the brady room. i will start with recap of inauguration. i think we covered that pretty well. by the way, as i get started i know that josh earnest was voted most popular press secretary by

the press corps. so after reading, checking my twitter feed, i shot josh an email last night letting him know he can rest easy his title is secure for at least the next few days. let me say the president has been closely monitoring the severe weather in the southeast. he spoke by gone with governor diehl in georgia yesterday and offered his condolences and support. today president trump is fulfilling pledge to pursue trade policies that put america first. the president began his day with breakfast with key u.s. business leaders where the focus of the discussion was on job creation and growing our manufacturing base. business leaders who attended included michael dell, founder and ceo of dell, jeff fetig, ceo of whirlpool, mark fields the ceo of ford, alex gorsky, ceo of johnson & johnson, marilyn houston ceo of lockheed martin and andrew live varies of ceo of dow, mario longi, ceo of u.s.

tell. elon musk, tesla. mark sutton of international paper. wendell weeks ceo of corning, chief of staff reince priebus, chief strategist, steve bannon, the vice president's chieff staff, jock pikok, senior advisor steven miller. the breakfast was an opportunity for the president to hear directly from america's top business leaders about the challenges they're facing an take some suggestions about what policy and action can be taken to help them create jobs and grow our manufacturing base. the meeting include ad really great exchange of ideas, and the president decided to reconvene the group in a month and then have them meet on a quarterly basis. as you know the president's vision is to negotiate fair trades deals to create jobs, increase american wages and reduce americans trade deficit. he appointed a tough and smart number of trade experts who will fight on behalf of american workers. with that vision in mind the

president has already taken several steps today. first he issued a presidential memorandum withdrawing the united states from the trans-pacific partnership, tpp is multilateral agreement that includes the united states and 11 other countries. as the president said many times this type of multinational agreement is not in our best interests. he is moving quickly to advance trade policies that increase competitiveness of american worker and manufacturer. this executive action ushers in a new era of u.s. trade policy which the trump administration will pursue bilateral trade opportunities with allies around the globe. this is a strong signal that the trump administration wants free and fair trade throughout the world. additionally the president issued a memorandum re-establishing the mexico city policy, stating that the united states will end the use of taxpayer dollars to fund abortions overseas along with coercive abortion and finally the president issued a memorandum outlining executive

branch hiring. this memorandum counters dramatic expansion of the federal workforce in recent years, in particular prevents filling vacant positions and creating new positions except when necessary to meet national or public security responsibilities. it does not apply to military personnel and insures that the american taxpayers get a effective and efficient government. earlier in the day the president spokwith the egyptian president el assisi, disssed ways to assist the bilateral relationship and fight against tears rift and help as egypt's home gone economic program. president trump underscored the united states remains committed to the strong bilateral relationship. the president committed to working continuing with military assistance to egypt and working with egypt to insure that assistance most effectively supports the egyptian military's fight against terrorism. the president also commending president el assisi for his

courageous steps to addressee egypt's economic challenges and offered to discuss way the united states could support egypt's economic reform program. the two leaders discuss advice it to the united states in the future. the president had lunch with the vice president and recapped this morning's meetings and discussed next steps. they also discussed plans to advance the president's legislative agenda to make america for safer and prosperous. the president signed designations for acting heads of executive departments and agencies to maintain continuity in the critical positions of the at 3:00 u.n. leaders and front line workers meet with the president to discuss his pro-worker agenda. attendees include tom flynn of the united brotherhood of carpenters, sean mcgarvey, president of the north american building and construction trades department, terry o'sullivan, general president of laborers international union of north america. mark mcmahon news the general president of the united association. donald mullins, steamfitters united association local 602.

frank spencer, united brotherhood carpenters. dug mckaren, general president, united brotherhood of carpenters. mark coals of iron workers local 5. joseph sellers, jr., sheet mattel unions,/smart union. thelma matta heat and frost insulatetores local workers 24. steven dodd, the sheet metal workers union/smart union. gary masi in. o sheet metal workers/smart ion. president achieved support from union men and women on election day and dedicated to made it prior to meeting with croon workers on day one in the white house. offshoring of american jobs and lack of economic growth in last several years hit american workers particularly hard and the president's top priority to retain and attract american jobs which have already seen happening through his actions on

carrier, sprint, general motors and so many more. at 5:00 the president will host a bicameral bipartisan meeting with leaders at white house. it will include the vice president, senate majority leader, senate majority him, senate minority leader, senate minority whip. house speaker, house majority leader, house democratic leader, house democratic whip, chief of staff, chief strategist, chief of staff to the vice president and chief of staffs from those respective offices. purpose of meeting to get the president's agenda moving through congress. the american people are frustrated with lack of progress here in washington and the president wants no delay addressing our most precious issues. he is taking every step and opportunity to forge strong bonds with congressional leaders on both sides of the aisle. one of the subjects coming up is status of his nominees in the meeting important to note at this point in 2009 president obama had steph of his nominees confirmed on day one. and five more in the first week. as it stands today, we have two. democrats even held up the

confirmation of cia director mike pompeo, needlessly leaving one of our most important national security agency's without its top leader on day one. time for senate democrats to stop playing political games with the core functions of government and to allow president trump's unquestionably qualify and talented group of cabinet nominees to get to work on of ba of the american people. rounding out today's schedule after reception i mentioned he will have dinner, have a meeting with the house speaker paul ryan. they will discuss the republican legislative agenda and strategy going forward. early in the day the president nominated former new mexico congresswoman heather wilson as the next secretary of the air force. she grew up in new hampshire and made history as part of the third u.s. air force academy class that included women. she earned her mastes deee and oral degrees as rhodes scholar at oxford in england and then served as an air force officer in europe during the cold war and on the national security office under president george h.w. bush.

as you know we are all about big viewerships and large audiences here. so i want to tell you about an effort we're undertaking in the press briefing room to offer up more access to group of journalists around the country. beginning later this week i'm excited to announce we'll have four what we call skype seats, live here in the briefing room. this will open up briefing to journals who live beyond 50 miles of washington, d.c., area and organizations that don't have a hard pass. any organization is welcome to apply for a day pass. we're excited to open up into the field and fold a diverse group of journalists from around the country may not have convenience or funding to travel to washington. i think this can benefit us all giving a platform to voices not necessarily based here in the beltway. looking ahead the president will have a breakfast tomorrow with the auto industry including heads of gm, chrysler and ford. he looks forward to hearing their ideas how we can work together to bring more jobs back to this industry in particular.

on wednesday, the president will host a swearing-in ceremony from new secretary of homeland security general james kelly, john kelly. on friday he will do the same for secretary mattis at the department of defense. on thursday he will travel to philadelphia to attend the republican house and senate retreat. on friday he will welcome his first foreign head of state, british prime minister may. with that, i look forward to taking your questions. daniel halper, "new york post.." >> sean, thank you. when will, building of the border wall? >> when we what. >> when will you start building the border wall? >> the president noted this was serious priority of his throughout the campaign. he already started to work with the congress on the appropriations avenue of that. so he is doing everything he can to direct agencies and congress to commence with that work as soon as possible. >> what about with obamacare, are you enforcing the man date or not? >> eorcing the mandate?

>> the obamacare mandate? kellyanne -- >> president made it clear he will work with congress and part of the discussion he will have tonight with some of these leaders, then again with paul ryan how we can work to implement the both repeal and replace aspects of this. jennifer -- >> sean, of all the policy actions that president could have taken to today he chose to reinstate the mexico city policy. what message he is sending here? does he see elimination, reduction of abortions as an american value? also here at home, can pro-life americans expect him to put his signature on legislation that will defund planned parenthood? >> i think the president, it is no secret made it very clear he is pro-life president. he wants to stand up for all americans including the unborn. i think the reinstatement of this policy is not just something that echoes that value but respects taxpayer funding as well, and insures we're standing up not just for life, but for

life of the unborn but for also taxpayer funds being spent overseas to perform an action contrary to the values of this president and i think continue to further you willlous trait not just to folks here in country but around the world what a value we place on life. jennifer rodriguez. janet. >> janet. i'm sorry. >> did mr. priebus mean he would work with congress, get something we don't know what it is for daca recipients when can we expect that to happen? when we expect the white house spanish site to be back up. >> two questions. let me start with the latter first. we got, hit the ground running on day one. there was a lot to do. we had done a lot of work on the website to make sure we were prepared to get as much information up as fast as possible. we are continuing to buildout the website, both in areas, issues areas and then that area but we've got i.t. folks working overtime right now to continue

get all of that up to speed and trust me, it is just going to take a little bit more time. we're working piece by piece to get at de. on t daca pie, president is clear he wilprioritize the areas of dealing with the immigration system, both building the wall and making sure we address people who are in this country illegally. first and foremost the president has been very, very clear we need to direct agencies to focus on those in this country illegally and have a record, criminal record or pose a threat to the american people. that is where the priority is going to be. we'll continue to work through the entire number of folks that are here illegally but right now the clear focus is on that. >> sean? >> blake burman, fox business. >> sean, i want to ask you two questions, back right, two questions, money related. president campaigned on corporate tax cut-rate of 15% and today when he met with business leaders he had mentioned that the tax rate would drop to somewhere between 15 to 20%. is he moving the goalpost there

in any way? my second question, is, on government spending, there have been reports that he might be looking at $10 trillion over the course of 10 years. is that accurate, and would you be willing to wrap up entitlements to get there? >> i think first, well, i'll take the other one on entitlements or spending. you saw with hiring freeze. there has been frankly some degree a lack of respect for taxpayers dollars in a long time. president showing through hiring freeze, first and foremost we have to respect the american taxpayer. they're sending us a ton of money working real hard. some people working two, three jobs to get by. see money wasting on a job in washington that is duplicative to insulting to those that pay taxes. that comes to your question about overall spending as well. we'll look how we spend the american people's tax money. landing teams are doing, going

into the agencies and departments talking about ways we can create greater efficiencies, eliminate duplicity, and find maximize the tax dollar. so it is more of a question instead of, just cutting. it is about how do we spend and respect the american taxpayer dollar more going forward. april ryan. >> 15 to 20%, sorry. >> i'm sorry. look the president very succesulusessman and negotiator. he is going to sit down and work with congress to get the best deal possible for american businesses so they can hire more people and we can expand and we can grow the economy. he will work with congress on that rate. he understands better than anybody how to negotiate a great deal. he will negotiate the best deal on behalf of the american worker and on behalf of the american businesses hiring them. that was a lot of focus that went on today. talking to these companies. it was interesting, the meeting was only supposed to last an hour. it overflowed another hour in the oval office. he kept asking them what ideas

you have to grow the economy? what is preventing you from hiring people? what regulations are stopping you from conducting more business? what are the ways that we can give you more market access into other countries around the globe? i think that is what his focus will continue to be. how do we create a tax and regulatory environment that grows the economy and benefits the american worker. not just about creating more jobs but lifting up those jobs through higher wages. april ryan. >> sean i have a couple questions if you allow me to take them one at a time. elijah cummings, maryland con manage, that president donald trump talked to him at run chun about the high price of prescription drugs. when is the meeting going to be set, or is it coming up soon? will the president be meeting with the full body of the congressional black caucus and hispanic caucus on issues related to those communities. >> okay.