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tv   Cavuto Coast to Coast  FOX Business  January 24, 2017 12:00pm-2:01pm EST

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ash and liz thanks for enduring rehours with me. dow jones is moving slightly higher. no the a huge rally. it is upside move. we're up 62 points. we have charles payne in for neil today. charles, it is yours. >> take a little bit higher, neil charles: i'm charles payne in for neil. he will be in tomorrow. connell mcshane. reporter: he signed a executives orders and his supreme court nominee will be announced next week. on executive orders, we haven't seen details of it yet with the keystone xl pipeline and another with the dakota access pipeline which we talked so much and the
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third is explained by the president. watch. >> we are, and i am very insistent that if we're going to build pipelines in the united states, the pipes should be made in the united states. from now on we'll start making pipeline in the united states. we build it in the united states. we build the pipelines. we want to build the pipe. going to put a lot of workers, a lot of steelworkers back to work. reporter: what that pipeline or that executive order he is referring to does, specifically give the commerce department 180 days to streamline and maximize the u.s. of u.s. steel building these pipelines. the fourth executive order streamlining the permitting process according to the president. the fifth expediting some environmental permitting processes that led to some of these demonstrations that you're looking at on the screen right now over the specifically the dakota access pipeline, where native-american groups are very
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angry and expressed their displeasure. known on keystone, transcanada, we know it is hine keystone, as far as what we're told, that company has not applied, reapplied for a permit. the obama administration, after the process was vetoed, the permit had been withdrawn. so that may string this out a little bit longer. but the president is looking to move forward. price of oil today up by 73 cents at 53.48. charles, another thing we've seen in the markets today, some of these energy related stocks go up. exxon, chevron, chesapeake, some of the big ones and smaller companies, construction companies and the like we've seen big gains over there, particularly the last few minutes since the president made these announcements. connell, back to you. charles: connell, thank you very much. president trump keeping his promises despite major battle with the media. "washington examiner" sara westwood with the progress.
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sara, it has been a whirlwind to say the least, hasn't it? >> certainly has. you look the dichotomy president trump rolled out his media strategy, it was a little bit clumsy. sean spicer took criticism for the way he handled discrepancies by the crowd size. look at white house and it has done pretty well from their perspective. they achieve ad number of things promised to voters during the campaign. trump has delivered on a lot of his job creation agenda already, even without any help legislatively, even without going through the process of deregulation, which can take month through federal agencies. achieving what he can with his pen right now. he is doing it more likely than a lot of people expected him to. charles: not only the pen, white hot gray of press conference, those meetings we just looked at. you're at the table. these are the bosses of corporate america, meaning the
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boss. and what i would like, sarah, when these meetings are over, whether it is ceo's or even union leaders, they're coming out singing the praises of president trump. >> that was quite a sight to see, union leaders like trumka, hoffa, come out singing praises of president trump. these are unions so closely aligned with democratic leaders but who are praising trump's agenda. not necessarily an alliance you're looking to see. he is reaching across the aisle, for instance, when he repealed tpp, he got praise from a lot of congressional democrats. he got criticism from congressional republicans. clearly he is mixing the typical political alliances with some of these moves he is making because he is not necessarily a conservative first. he is a populist officers. that is always how he ran his campaign. charles: it is successful. do you consider what we're seeing now an extension of running a campaign, from the initial sean spicer dust-up with
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the media, the pushback, if you will, to these public relations photo-ops which obviously resonate with main street america but market has been sort of iffy with them, dyou think he is able to knock out two birds with one stone? >> well, certainly the sight of the president trump sitting in the white house, alongside ceos of major companies brands that everybody recognizes is a reassuring sight to a lot of people. they see things are getting done between these meetings, trump is going to the oval office. sitting at the resolute desk and signing executive orders that are clearly popular. what is clearly he is doing right off the bat is winning victories and notching successes. there are tougher fights ahead. a lot of his agenda will require congressional cooperation that will not come easily. for now what he is doing a pretty brilliant rollout of the strategies. lumping all successes together. makes look like he is a on a roll at beginning of his administration.
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charles: to the point there will be more fights ahead, even within his own party, right, the gop? i know he is the populist president but within the republican party some folks are a little concerned about infrastructure spending. some folks are concerned about his version of a border tax. some folks are concerned about different elements of the trump agenda but don't these public relations wins, the huge wins over last 4hours we witnessed -- 48 hours, don't they give him or ammo and leverage when he goes into meetings with speaker ryan and others? >> absolutely he is building more political capital for himself in every day. in states represented by republican senators where trump won handily, they know those senators will be under pressure from constituents to follow trump's lead. trump will be broadly popular. same thing goes for some democrats, heidi heitkamp, joe manchin, claire mccaskill. they live in states that voted
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overwhelmingly for trump, the more successes he racks up popularity around political capital. the more democrats and republicans alike feel pressure from constituents in trump country and trump counties to follow trump's lead and implement trump's agenda. charles: speaking of which, i believe over the next couple of weeks we're going to actually see -- of course yesterday he gave ceos marching orders, come back in 30 days with some sort of a gameplan. we'll start seeing beginning of next couple days, lockheed martin hey, we can get the f-35 under 100 million. we'll hear more and more automakers bringing jobs back to america. even if the number is 1000, 450, those kind of numbers, they're so magnified with respect how it makes the average american feel who has been left out of this economy? >> absolutely. i mean trump is picking very symbolic fight, like, for instance, air force one deal it is a deal he pointed to and said we're spending too much on air force one.
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we need to spend less. obviously there are dozens and dozens programs across the federal government you can point to we're wasting money on something even more frivolous but air force one is a very visible symbol of the presidency. something everybody knows inside and out. by trump saying i don't want my plane to be this compensate serves, i want to -- expensive, i want to bring the cost down on this project. that is one. ways he is strategic you who he tries to implement his agenda. charles: sarah westwood, thank you very much. breaking news. lawyer for standing rock tribe says his action is being done hastily and irresponsibly. he says standing rock sioux tribe will take legal action to fight the administration's order on the dakota pipeline. president trump meeting with auto executives today, focusing on his comments, his commitment, for jobs right here in america. take a listen.
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>> we're reducing taxes very substantially and we're reducing unnecessary regulations. we want regulations but we want real regulations that mean something. >> as an industry we're excited about working together with the president and his administration on tax policies, on regulation and on trade, to really create a renaissance in american manufacturing. charles: now, toyota just now saying its indiana investment as part of its five-year plan to invest $10 billion here in the united states. for more, go to market watchers angela sloan and brian benburg. angela, ceos walk away from the meetings, they're saying all the right things but i think they're also playing the game as well, negotiating via the media. there are things they want from donald trump, like c.a.f.e. standards, lower regulations, lower taxes. in the case of fiat, perhaps, hey, give us a break on this environmental fine.
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>> well, president trump is trying to meet his campaign promises and one question i have is why has the folks in washington not already done this? why is it just now being done? they should have been sitting down with big manufacturers and automakers all along and coming up with ideas to bring your manufacturing jobs back and they haven't done that i understand it is business. i understand it will boil down to the profit. these businesses will move jobs back here if it is profitable for them, not because of politics. thank goodness president trump is willing to sit down with them, give me your ideas, tell me what it will take to move the jobs back and let's see if we work together to the got jobs back and put our people back to work because if we put people back to work, we have more people paying into the tax system and social security and medicare and get our gdp up to get ourselves out of this mess so we'll have to bring the jobs back. i commend him for takingime to
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sit down and ask him their opinion what is it going to take to get our jobs back. charles: the lasted a administration obviously saw business as a foe and a source of money. that was it. they never thought about growth and necessarily capitalism, but brian, having said that, can, mexico seems to have so many distinctive advantages at this moment over the united states. how much can we close that gap and how much of it will u.s. automakers say, hey, we'll give up some portion of profits out after corporate responsibility as good american citizens, and also to susan's point, maybe to benefit from the fact that people with good-paying jobs provide products too? >> charles, when you talk about the gap between mexico and the united states, the truth is the united states, is light years ahead of the mexican economy on so many levels -- charles: i mean manufacturing, currency -- >> even there though -- charles: currency how much it costs for workers, the tray
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deals, the 40 exclusive trade deals, i mean they have got some advantages that, i know we can whittle them down. can we get it, playing field is completely level? >> no. look i think we can continue to make the playing field actually advantageous for the united states by fixing problems right here at home. i love what donald trump has been saying past few days, he has been talk about get the regulatory environment back to something that businesses like, that they can invest in. you make the changes here to taxes and regulation, look, these problems with mexico are going to disappear because the united states is going to be a fundamentally attractive place to invest again. i love he is going to ceos, what can we do to make that happen. i think we'll help them get there. i think we'll put our own house in order. that will address a lot of cross-bored questions that we face right now. charles: susan, i'm sorry, angela, if it turns out these guys come up short with respect what they say they can do right
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now, what would you like to see president trump do? do you want to see him put in tariffs or see him take specific action beyond just the shaming of these guys and putting them in the glare of twitter and the bully pulpit? >> well, if it gets our jobs back he may have to take action. i'm hoping that that doesn't happen. i hope that these, that these ceos are great enough patriots and great enough americans they will be willing to negotiate. i hope it doesn't come down to tariffs. i really don't think it will. i really think everybody wants to make america great again, not just president trump. i for one am willing to do whatever it takes to get us back on our feet, even though it may hurt a little to do that. to clean up the mess may cause pain for me. i'm okay with that. as an american i'm willing to do whatever we have to do in order to get our country back where it needs to be. charles: brian, on the issue of pain, i say to a lot of people i know we can win the worst kind of trade war out there but it
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wouldn't come without serious pain and agony before we declare victory, even declaring a pyric victory. having said that, from an investment point of view do we get accustomed to companies making less money by doing the right thing in the process? >> look again, we're talking about this tradeoff of company having to make less money in order for the united states to grow. i just don't think we should be thinking that way. we don't need a trade war for the united states to grow. by the way the trade war just doesn't hit companies. it will hit consumers hardest. fred smith was on maria bartiromo at moment how many consumers benefit from imports from overseas. $13,000 a year on average. i just don't think, we're asking the wrong question how can we all take a little pain in order to make this work. we don't have to do that. reform regulation. reform taxes. roll back things holding back businesses and we can succeed in the global economy without having to put consumers through the pain of a trade war. chles: let's hope you're right. both you guys, angela, brian,
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fantastic stuff. appreciate it. thanks. >> thank thank you, charles. charles: charles: angela talked the market up. we're at the highs of the session in the middle middle of all of this, i will give you my commentary where the trump rally will go from here and how to monitor it. it is not necessarily just watching the dow. president trump keeping james comey as fbi director. the question will he stay for good? charlie gasparino has breaking news and he will be with us right after this.
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charles: president trump keeping james comey as head of the fbi. charlie gasparino is here. we had a colorful conversation between commercials. >> are you sagittarius.
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you don't have any lines on your face. charles: i'm a scorpion. big news, james comey, a lot of people are surprised and a lot of people are upset. >> i will say this, inside the fbi, for many weeks now since the trump elections, months since the trump election he, he has been on death watch so to speak. people inside of the fbi really believed that his days were numbered. and they were, what they were, what you were hearing inside of the fbi was that rudy giuliani was likely to become the next fbi chief. that is what they were talking about. there is a couple realities to making this move right now. we should point out donald trump has a bunch of people he needs to get confirmed. he doesn't need another battle. he will have a battle over newspaper mnuchin. looks like tillerson -- charles: tillerson is in. >> he will have a battle on some of the picks. charles: puzder. >> mulvaney. charles: yeah.
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>> he doesn't need the fight right now. i will tell you this, to fire an fbi chief who in the fifth year of his 13-year term, a multiyear term, i don't know exactly what it is, he was just appointed by president obama, not fifth year, but in 2013, in order to fire him now you have to actually create a reason to fire him. charles: but isn't that reason already out there? he has really fumbled the ball on more than one occasion? >> he have to say there was some sort of a issue. has be more than fumbling a ba you could do it and conjure it up but it would be an issue. what they're doing is endeavoring to later. charles: in other words you think it will happen? >> at some point, i don't think he will -- listen, anything is possible with donald trump. it is an administration that it is day by day. he is, listen this is a non-politician becoming president. even politicians that become president -- bill clinton's first year wasn't exactly first sailing.
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took him a while to get his act together. he eventually did. that may or may not happen with donald trump. they don't need this fight right now. charles: but i don't think it would be a fight. who would be -- who would step up and fight on behalf of james comey at this point? >> here is what i think the problem would be. you'd have to come up with a rationale that it has to be more than incompetence. that he did something that either violated haul or protocol charles: easy to say james comey lost trust of american public and many people that work under him? >> do you think he lost the trust of the american public? >> i think. >> not the people that work under him. rank-and-file people think he screwed up on clinton thing, went back and forth. ended, started again, and then ended. charles: is there someone near donald trump helping him on this particular issue? >> i think it is rudy. they said let's fight for another day.
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this is kind of what i'm hearing from the people around him. i think, if you're talking about rudy giuliani, putting him in now would, would be pretty rough. donald trump has got a lot of stuff to do, not to mention, you know, get his act together in terms of commenting on crowd size and stuff like that. i mean he really needs -- charles: i think all that will be rear view mirror stuff. looks like last 48 hours, they have been lazer-like focus getting business done, agenda done. >> 48 hours? 48 hours they were talking about crowd size. charles: monday and tuesday looking good so far. >> 48 hours is good. would be nice if it was 48 days. charles: it might be, might be. so far people are happy. again i was shocked with the comey situation but to your point there is so many things to do at the same time that perhaps -- >> charles, he has an economic agenda that will reverse eight years of the garbage that the
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past administration has done. he has to figure out obamacare. he has to get people confirmed. why do you need to mess with the fbi chief, who except for having a political tin ear on this one subject, kind of knows how to run the show for now, you know? he is not the worst guy in the world. he is actually a very nice man. do you know him? charles: no. >> i actually know him. charles: before all of this went down he had highest reputation amongst on both sides of the aisle to dour point. charles: right. charlie gasparino to your point. what does the white house say about all of this this one hour from now we'll bring you the daily press briefing live here on fbn. more after this.
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charles: israel is announcing plans to build 2500 more
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settlement homes on the west bank. noel pollack on this new approach. we want do remind the audience just last month, in december, the united nations security council said such actions, were quote, a flagrant violation of international law. noel? >> yeah. the security council was wrong, first of all. the west bank is disputed territory. it is not occupied territory. but the more important thing is, these, this housing announcement was in, this is in settlement blocs, what are known as settlement blocs, large communities typically in the suburbs of jerusalem, under no conceivable peace deal will ever be part of palestinian territory. this was never a controversy building in these blocks before. the bush administration reached an agreement with israel. the obama administration
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disregarded the agreement. they wanted to foment crisis constantly and way to do that was discard that agreement so obama could create crisis with netanyahu at will which was the whole goal of having a bad relationship. and so, construction in these blocks impinges in no way on the chance for peace. charles: now some reports i read, some of the building would be in hard-line settlement areas. is that not true? >> no. i mean, of the 2500 units, almost every single one of them are in long-established settlement blocks that will never be part of a palestinian state in previous rounds ever negotiations in the '90s and in the 2000s and during the bush years were all acknowledged by the palestinians as blocks that would remain part of israel. charles: of course palestinian liberation, plo, out condemning this move, perhaps just a political move here? what do you think ultimately, you know, you mentioned the talks, you know, there is always talks. when do you think there could be some closure on this one way or
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another? do you believe that under president donald trump there is a greater chance of resolving this issue than it was with barack obama? >> i think the trump administration is going to try its own approach. i'm not sure if there is a greater chance of that. i think the palestinians have to be tested. there certainly was not any chance under obama who seem ad lot more interested having crisis with israel and and attacking netanyahu than he ever did actually working for peace. look, the bottom line is, that adding housing units to blocks that will remain part of israel, defacto today are part of israel is not any sort of impediment to peace. charles: we heard the news last night that on his way out, then president obama was able to shift another $221 million over to the palestine. to your point earlier, what do you make of the notion that for the last eight years our president, our white house, more
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or less had this adversarial relationship with israel and netanyahu and, sort of fell in line with their social justice, you know, sort of, we want to go back and make things that are wrong right kind of approach to governing? >> look, i think the obama administration had a long game they were playing. they felt that israel, they really do believe that israel is the bad guy in this conflict, and the palestinians are victims. and what i think obama wanted to do was turn the democratic party in more anti-israel direction, and i think in some regards if you look in the polling he succeeded for that. why for eight years constant criticism of israel and constant crisis with netanyahu. you can go back, try to find one single example of obama administration criticizing palestinians for anything. palestinians never wanted to negotiate for eight years and obama never criticized them. i think he was trying to take an initial step turning american
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public opinion against israel. charles: benjamin netanyahu will be here soon and we'll be hitting the reset button. i think it will be better for everyone involved. noah, thank you. >> thank you. charles: democrats holding up some votes. coming up a key republican senator on what the gop is going to do about it. ♪ you know how painful heartburn can be. for fast-acting, long-lasting relief, try doctor recommended gaviscon. it quickly neutralizes stomach acid and helps keep acid down for hours. relieve heartburn with fast- acting, long-lasting gaviscon.
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>> sometimes next week i will be making my decision. i will announce sometime next week. we have outstanding candidates and we'll pick a truly great supreme court justice. i will announce it sometime next week. charles: that was president trump revealing when he will make his supreme court pick. to republican senator john barosso. senator, thanks for joining the show. we've all seen a list, i think heritage helped put it together, conservative judges call it the wish-list. do you think the name will come from that? are you anticipating or hearing that it could be someone different? >> thanks for having me, charles. i do believe it will come from that list. whoever he nominates it is going to be someone who is there to apply the law, not legislate from the bench. i mean that is what this is all about.
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the with the death of justice scalia, we lost a true great in terms of the supreme court and he realizes that the constitution is not a living document, it's a legal document. it was built for rigidity, not flexibility. and we had said as the senate over the past year, it is the new president who should make the choice, the appointment to the supreme court. donald trump will make that next week. i believe it will be an outstanding choice. charles: what do you make of threats, not so veiled threats from chuck schumer, that if they consider the pick to be too conservative, that they will do everything in their means to make sure that that seat is never filled? >> well, i will just say this, charles. mark my words, we will make sure that donald trump's nominee to the supreme court is confirmed by the united states senate. that will happen. we said the presidential election was going to be about the supreme court in addition to the presidency.
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the people of the united states voted for donald trump to be president of the united states, and for his choice for the supreme court. that person will be confirmed. charles: well speaking of obstruction, donald trump is inaugurated with only two cabinet members. that is the lowest in a long time. it has only been matched with a few times in history. democrats putting up huge rolled blocks and hurdles. what do you make of that? what do they gain if ultimately the nominees are confirmed? >> donald trump nominated really an all-star cast to his cabinet. i couldn't be happier with the names out there. they will all do outstanding jobs for the country. you're absolutely right, chuck schumer and the democrats are trying to slow down the process because to get things done in the senate immediately you need to have some agreements but next week we take ball control over this scheduling. and you're going to see the cabinet broad -- brought up for
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votes. days that the democrats try to slow the down we'll make them pay the price because we'll go forward with congressional review acts which are ways to claw back late regulations that president obama has put forth and donald trump will sign the legislation to eliminate those expensive mandates and regulations. charles: yeah, i know. with three days left, president obama put $12 billion in new regs on the books, bringing his total north of 800 billion. that is music to the ears of ceos who visited the white house last few days. americans who could probably get jobs, rather than $800 billion to pay for puddle fines and dust particle fines. >> you're absolutely right. from election day until the end of the year he came out with 36 regulations, president obama did, costing over $100 billion. $150 billion of added expense, a drag on the economy. the american people voted for
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donald trump because they want a strong and healthy economy. they want to get the power back to the people, out of washington. donald trump's going to deliver. charles: senator barosso, senate policy lunch is in a few moments. can you give us a preview how it is growing to fall and go out? >> well i chair the policy committee. i already ran into the mike pence, the vice president. he is the president of the senate and he will be attending the lunch today. i saw him on my way over to this with you, charles. we'll talk about issues coming up how we can use the congressional review act to claw back the regulations. talk about nominees to donald trump's cabinet and how to get those confirmed and likely a bit of a discussion about the supreme court as well. charles: when we talk about this obstruction by the democrats, it seems to me, what they may be doing here is just, political, playing political game of gotcha, if you will. they're setting up your party,
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this particular administration for the future. if they say andy puzder is, has had a lost racial complaint or, or, they worry about price's stock invests seems to me petty politics, the american public on november 8th, said enough of that. we don't want that anymore. sort of rebuke to be frankly to you, of both political party. >> donald trump put together this cabinet of all-star cabinet with people from around the country with lots of different backgrounds. ceos from different companies and people outside of politics. they know the theory what ought to work but what works in practicality. i'm so happy with the people he has chosen to lead this country forward and work as part of his team. they are patriots. they will continue to fight for a long and healthy economy and make sure that america, the
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united states, is the most powerful and respected nation in the face, on the face of the earth. let's face it, charles, donald trump is inheriting a from barack obama a world much more dangerous, lot less secure than the world that barack obama inherited from george w. bush. so i think the team that donald trump surrounding himself with are the right people to show the kind of aggressive american leadership worldwide that we have been hoping for for years. charles: ceos and generals know how to get the job done, and none of them needed this job. they're not career politicians to your point. they are indeed patriots. senator, thank you for taking up the time. >> thank you, charles. charles: see you soon. lockheed martin meantime, shares have fallen. reported earnings this morning. it was the outlook. let's go to nicole petallides on new york stock exchange what president trump might have to do with this outlook.
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>> he has been very tough on lockheed martin, talking particularly about prices of fighter jets and they said they will be lowering those. the ceo made a personal commitment to donald trump for exactly that. the stock is down about 2%. it is off the lows of the day, and you summed it up great in our own tweet, charles payne, noting that they beat on the top and bottom line. there was some concern about the outlook going forward, the guidance for earnings. they did say they would lower the price of the f-35 jet. it will be less than $100 million each, which is right on target for the pentagon plans. don't forget, they are the number one weapons supplier for the pentagon. this is what they said, they will be producing and delivering 66 of these planes compared to 46 last year. one caveat was actually the accounting over at the sikorsky helicopter business. there was some concern about that but they're on that as well.
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big picture, they have still got the deal and still moving forward with the f-35 jet. let's move on to why the dow is not over 100 points. you see the winners, up almost 100 points but johnson & johnson, 3m and verizon are weighing on the dow after they came out with their quarterly reports. 3m struggling with their energy business. they have energy and electronics. we know they make scotch tape and post-it notes but those are two areas where they had some issues. johnson & johnson a cautious outlook. last but not least, verizon profit fell short and talk after possible acquisition going forward. that is down about 5%. charles: nicole, thank you very much. thank you for following me on twitter. >> it was at 4:55 a.m. that must have been really early before you watch "fbn:am"? you watch "fbn:am" at 5:00, right? charles: thank you, nicole. one trillion dollar infrastructure bill. guess what? this is coming from the democrats!
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>> we intend to fix our country, our bridges, our roadways. we can't be in an environmental process for 15 years if a bridge is falling down or a highway is crumbling. charles: president trump referring to his commitment to infrastructure spending. this as senate democrats unveiled a one trillion dollars infrastructure spending bill of their own. republican congressman bill shoeser is is in, is for a infrastructure bill. congressman, the i guess the big question obviously how do we pay for this thing? you hear the public, private kind of thing but i heard wilbur ross in the confirmation hearing we need to get this thing done asap and not be too cute on payment. >> that is important question, because if it is not paid for or
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fiscally responsible it will not make it through this congress. i think we have opportunity going through the tax reform for high priority of the president and congress if we can find dollars to put it forward to do a significant infrastructure bill, rebuild roads bridges, infrastructure in country. charles: american society of civil engineers say our infrastructure, bridges, tunnels, roads, need $3.9 trillion worth of repair. the american public wants this done asap. would republicans dare stand in the way after president donald trump trying to get this done because they're concerned about near term monetary issues rather than long term opportunities for having beautiful roads and highways to grow an economy? >> well, you know, we need to make these investments. we really have to be fiscally responsible. i think we've seen the last president, when he put forth a stimulus plan misspend money and misused, it wasn't spent for and it drove up the national debt. we have to be responsible.
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there are ways to find the dollars to do it responsibly. one of the big pieces president trump signing today, the environmental review process, streamlining it. we need to do with reforms in the congress, make sure projects move faster because time is money. charles: what about the notion of repatriation tax? maybe a window, six months or so, bring it down all the way 5%, certainly under 10%. lure some of that $2.5 trillion back with the caveat with a portion goes to infrastructure spending? that has been thrown out there. it is not necessarily new but people think it can work. would that go a long way filling the gap you're concerned about? >> yeah, i think it would. there are two or $3 trillion overseas, bringing that money back, dedicating it to infrastructure is certainly one of the things on the table. many people have talked about that. my good friend rand paul in the senate talked about that as one
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of the solutions look to everything open to us. we have real need in country, american people know it, to invest in infrastructure and build a 20th century infrastructure. charles: representative shuster how do we safeguard the taxpayer money once it leaves to the federal government's hands and into the state coffers? that is where the barack obama plan went awry and took the money panned did anything they wanted to to with it. they said they had shovel-ready projects ready to go. how do we get rid of the malaise and opportunism we've seen from states and locales? >> we have a partnership with states an locals building infrastructure in this country. federal dollars should be targeted toward the regional and national projects that really help the nation. i think over the last couple years, we have learned. states have learned shovel-ready means shovel-ready and those are projects with he need to look
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for and focus to. the states are really the partner. the money we spend this in country, $35 billion in federal level. that is doubled with the state and local funding every year. we have to work closely with these partners to get these jobs done. charles: there is sense of urgency. thanks very much for coming on the show. >> thank you, charles. charles: guys, guess what? the dow is up triple digits. we won't talk about 20,000 but we're looking pretty good. oil jumping after new pipeline executive orders were signed by the president. also the big three automakers, you guessed it all jumping after meeting with president donald trump. day five shaping up to be a big one. it is only just beginning. we have more after this.
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charles: representative tom price as you can see the hearings are underway.
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we want to go to peter barnes with the latest on trump's cabinet picks and keeping in mind that tom price is expected to have perhaps the toughest go of them all. he has been grilled over a lost aspects of his personal investing. the democrats seize an opportunity here. let'slet's go to peter barnes. peter? reporter: that's right, charles. democrats hammering tom price on health care investments and possible conflicts of interest around them. ron wyden, top democrat attacked him for investment in australian biotech company, innate immunotherapeutic. he had to revise his financial disclosure statement regarding this investment. democrats charge he supported legislation that benefited other companies. things got fiery. >> trading in stocks while you sit on two committees, introducing legislation that directly impacts the value of
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the stocks. >> what legislation would that be, senator? >> we'll take you through the various bills but the reality is this has been cited on a number of occasions. >> reality is that everything that i did was ethical, aboveboard, legal and transparent. the reason that you know about these things is because we have made that information available in real time, as required by the house ethics committ. reporter: committee chairman orrin hatch did call out democrats how they have been handling these senate confirmation hearings. listen. >> none of those who say they oppose dr. price's nomination seem to be talking about whether he is equaled. instead we've heard grossly exaggerated and distorted attacks on his views and his ethics. i'm worried about what my colleagues on minority side are doing to the senate as an institution. i have never seen this level of partisan rancor.
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reporter: no word yet when the committee will vote on price's nomination but it is expected to vote him out of the committee and the full senate is expected to approve his nomination. charles? charles: peter barnes. thank you very much. congress and insider trading issues. we'll be right back. definitely doesn't have that... you can leave worry behind when at angie's list, we believe there are certain things you can count on, like what goes down doesn't always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list.
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mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. charles: welcome back to "coast to coast," i'm charles payne in for neil cavuto. president trump signing big executive orders today as we are less than half an hour away from sean spicer's white house briefing. blake, you went second yesterday, do you think you can go first today? [laughter] >> reporter: i think it was fourth yesterday, it was toward the top. if he gives it to me -- charles: kudos to you, my man, because you did ask a tough question. >> reporter: thank you, i appreciate it. taxes, people want to know, which is why we asked about it. it's already been a busy day over here at the white house,
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five different executive orders president trump has signed on this day, all of them are first steps to reviving the keystone xl and dakota access pipelines, and here at the white house earlier today president trump described these as a win for american workers. listen. >> we are going to renegotiate some of the terms, and if they'd like, we'll see if we can get that pipeline built. a lot of jobs. 28,000 jobs. great construction jobs. >> reporter: the president started f hiday here mting with top leaders within the auto industry including the ceos of ford, general motors and chrysler. afterwards the ford ceo gave a bit of a tip of the hat to the president on the executive order he signed yesterday regarding the tpp trade deal. >> we're going to make the process much more simple for the auto companies and for everybody that wants to do business in the united states. i think you're going to find
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this to be from very inhospitable to extremely hospitable. >> i think as an industry, we're excited about working together with the president and his administration on tax policies, on regulation and on trade to really create a renaissance in american manufacturing. >> reporter: it was a busy day, charles. also today the president announcing he are unveil his supreme court choice, the nomination, at some point next week. the briefing here in about half an hour, we'll be inside. charles? charles: blake, thanks a lot, buddy. president trump focusing on trade, but the founder and ceo of fedex, fred smith, telling fbn's mara bartiromo there's dangers in that. >> the united states being cut off from trade would be like trying to breathe without oxygen. it's an essential part of our economy. i think the decision to pull out of tpp is unfortunate because the real beneficiary of that i china. charles: meanwhile, toyota joust
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announcing 400 -- just announcing 400 new jobs in an assembly plant in indiana. here with reaction, former small business administrator hector baa relate toe and diana fir, cost roth. diana, to you first on fred smith's comments. there are a lot of people in american business who are extremely us from tated -- frustrated because they think tpp was mischaracterized to the public and that it was actually a way to beat china. >> it was a very long agreement, no one knows precisely what's in it, and it's much more important to renegotiate the agreements on a bilateral basis. the end of this agreement does not mean the end of trade. the agreement hasn't been signed, and yet we've had a lot of trade the past, you know, 8-10-15 years. charles: hector, on that note how hopeful are you that we can go country by country by country
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by country and catch up, you know? it's sort of like changing the tires while the wheels are moving. >> well, you know, charles, we haven't had very many trade agreements in the last 20 years. i remember when i was in the bush administration, we had some of the only trade agreements that were approved, and over the last eight years hardly any. i think there's a huge opportunity for our country and for our small business sector. you know that 90 plus percent of all companies that do international trade are small businesses. a couple of hundred thousand of them. but they only represent 30% of the trade dollars. so if we could look at these agreements and make them better, i'm optimistic -- charles: how do we make these better understanding that whatever these countries are, they want something out of the deal as well? >> well, they need to be really free trade, and they need to be fair trade. you know, often times when these trade agreements have been negotiated, we've been talking a lot about union rights and other
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countries, environmental concerns in other countries, and we're not talking about whate need here in this country -- >> exactly. >> how do we win. charles: diana -- >> exactly. and we haven't been talking about intellectual property protection -- charles: right. >> and the section 301 reports that the u.s. trade representative puts out every april showed that these other countries have been stealing our intellectual property, but the obama white house did nothing at all about it. charles: let's zero in on the biggest culprit there, diana, china, right? >> china is a big culprit, india steals our pharmaceuticals, algeria, russia. you can just read the reports, they're all online. charles: how for them, a, to stop stealing our intellectual property and, b, to open their markets to us? there was some scuttlebutt about day one with the trump administration calling china out as a currency manipulator. how do we pry open our markets and keep our intellectual property safe?
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>> well, i think we need to put the currency manipulation to one side. that's not the issue. the issue is that china wants to invest in hollywood. we say, okay, fine, but then they don't let us invest in their movie-making business. they want to invest in our steel industries, fine, but they don't let us invest in their steel industries. we need to make sure there's reciprocity, that our companies are allowed to invest this china. and our companies often don't want to complain because they worry they're going to be shut out of the china market completely. that has to change. charles: you know, hector, i can't see anything -- i think probably diana's on to something. nothing would steer china more than saying mark waffle berg -- wahlburg cannot star in the wall: part two. [laughter] how long would it take for those major markets like a china to get them in line? i believe mexico and canada are
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going to fall right away, major victories for the trump administration, but i'm looking at these bigger targets. >> well, i agree with you. listen, when i was in the administration, i was part of the president's export council. we led a trade mission to china, we met with the premier of china, and we voiced all of these issues. this was more than 15 years ago. and none of this has changed. but the only area that he said he would be willing to look at is the trade imbalance. he said, you're right, we need to buy more from the united states, and i'm particularly interested in your small business sector. hopefully, that's an opportunity. with regards to nafta, look, i don't think nafta's going to go away completely, and it shouldn't. i think it's going to be renegotiated, and i think all sides can find some benefits from making that agreement better. charles: diana -- >> right. and if china -- charles: real quick, diana, you're an expert on the export-import bank, and we started off talking about small businesses benefiting from international trade. when delta announced their earnings two weeks ago, the ceo
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really praised donald trump, and it felt like to me he also begged him almost, you know, short of saying, hey, we've got to figure out a way to stop paying foreign countries, companies in foreign countries to build up our competitors here. do -- is there a way to put small business ahead of these large business interests that are so entrenched in d.c. already? >> well, i think that it's really important to promote our businesses as much as we can, lower the corporate tax rate so that our businesses face the same or lower tax rates than other countries. as far as the export-import bank goes, president trump said he was going to shrink government, and i would say the export-import bank is one place to start since congress did at one point vote to get rid of it. but i think china can do a lot more in terms of intellectual property. if they can take a hong hong bookseller out of hong kong because he published the wrong thing, they can close those stores under their noses.
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charles: absolutely. and finally, hector, i want to ask out the stick. today donald trump said he could be very inhospitable or extremely has to pit bl. hospitable. is there a good chance we never have to deal with the stick portion of this negotiation? >> well, i think you've got to look at it on a case-by-case basis. there's no doubt that he's got people's attention, he's got those executives that are meeting with him, he's got union members applauding him inside of the white house. he's got people's attention. and, look, one thing that donald trump has told us is that he is a great dealmaker, a great negotiator. we're going to get to see those skills firsthand. if he moves the needle and we start growing again and creating these jobs, believe me, a lot of these approval ratings and fears are going to change very quickly. charles: real quick, diana, wilbur ross during his confirmation hearings talked about putting even more pressure on china with respect to steel tariffs. should we be looking at targeted tear -- tariffs where china has
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been dumping for decades? >> we should be looking at every measure possible to persuade china to live by the rules, to treat our companies the way they want their companies to be treated, to stop the extortion of our companies. and if it calls for threats of tariffs, that's what it calls for. i hope the tariffs won't be necessary and that china will agree to play by the rules as will other countries also and stop stealing our intellectual property. charles: thank you both very much. great stuff, appreciate it. president trump signing an executive order reviving the keystone pipeline. here's neil with transcanada ceo russ girling, this is back in 2015 talking about the future of the pipeline. neil: what is the view in canada with the, you know, the keystone delay, and it is now looking increasingly likely that maybe it's going to be a future administration in this country that would deal with it?
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do canadians, do you sort of move on? >> my view is keystone will ha sure how long that is going to take. but it's necessary. it's about, you know, national security, energy security and public safety. that's what this pipeline's about, and that's not going to change anytime soon. charles: to american petroleum institute ceo jacky around doe on what today's news means for the energy industry. thanks for joining us. >> thank you, charles. charles: walk us through now how you see this whole thing playing out and how it benefits america. >> well, first, we applaud the president's efforts as he's focused on jobs, particularly infrastructure jobs as it relates to energy. as you know, this keystone xl pipeline controversy has been around for many years unfortunately. it has strong bipartisan support in the congress, has over 68% of the american people saying let's build this pipeline. so i think the president's direction today is let's put our people to work, let's allow energy to flow in this country
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because it benefits us all as consumers, puts our people to work creating well-paying jobs at the same time you and i benefit from lower gasoline prices. so it's a win/win. it's been very unfortunate, as i mentioned, it's taken this long. but both keystone, dakota access, it's time to build them. it's time to move on. the public supports it, let's make it happen. so we applaud the president and the direction he's going. charles: also liquid natural gas, listen, we have, you know, i think one company that got the okay for it. why don't we just open that up? the world pays so much money for natural gas. to me, that's where the low hanging fruit is. >> well, it's a great question, charles. i mean, you look back just five or six years ago, and we were actually preparing to build import terminals to import natural gas. but with the american energy renaissance and the breakthrough of technologies that we've had on hydraulic fracturing, horizontal drilling, we are now the world's leader, producer of
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natural gas. clean-burning natural gas. and what it's done for us is not only has it created hundreds of thousands of jobs, but it's brought the price of natural gas down to where experts now estimate every family saves $1300 a year just because our cost of energy's lower. you look at the environmental benefits, the u.s. today leads the world in reducing greenhouse gas emissions. why? because we're using more clean-burning gas. so to your point, if we can build these export terminals, put our people to work producing good old american energy, ship it around the world, we can have not only great economic benefit, we can have national security benefit, and we can also improve the environment. since when have we had one of those opportunities in the country? this is a big deal, great opportunity. charles: i think in vegas that's when you get the three cherries in a row, they call that the jackpot. [laughter] speaking of which, the dow just hitting session highs, the nasdaq is at an all-time high.
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all of this after donald trump's meetings today and signing the executive orders. this is, isn't in the what we call the actuality, the materialization of the excitement, postelection excitement? it's starting to now materialize in real action, in the markets and the economy, isn't it? >> well, i think you're right, charles. i think the american public, the confidence is beginning to grow, and it's beginning to soar because the president is delivering on just what he told the american people. i'm going to create american jobs, i'm going to put our people to work. you look at energy, it's in everything we do. everything you and i and everybody else listening today, energy touches our lives in every way. so when we focus on it as a foundational underpinning to our basic economic activity and say, you know what? we can do this more efficiently, we can build pipelines in this country, we can take that oil from north dakota, we can get it to chicago and atlanta and phoenix, all around the country, this is a great opportunity.
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aaa's estimated that the average consumer saves over $500 a year just in their reduced costs at the gas pump because we're producing so much more nrch -- energy here, but infrastructure is key to moving that product. charles: it's been a godsend, and it's a shame we hadn't taken advantage of it, but that's all changed. jack girard, thank you very much. the senate foreign relations committee just approving nikki haley for united nations ambassador. of course, the full senate is looking to confirm haley later on today, but no other nominees expected to be confirmed by the senate this week. so far it doesn't appear that democrats can defeat any of the nominees, but they're trying to burn as much time as they can. we're going to keep you posted on all of this. and the hunt for 20k, well, it's back on. but don't follow the dow if you want to measure trump's impact. i'm going to tell you how high this rally keeps going.
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and also in just a moment, the briefing with sean spicer yesterday was one for the ages, so what does the white house have planned for business today? and, of course, tonight at 6 p.m. i'm going to break it all down for you. watch "making money" because if you're not going to make your portfolio great again, you're wasting a lot of opportunity. we'll be right back. (bell chimes) ♪ nice work brother dominic. now we just need 500 more... translated into 35 languages, personalized oh and shared across the 7 continents. (other languages spoken) look abbot, i got it. it's a miracle. ♪ [phhello.ng] hi, it's anne from edward jones. i'm glad i caught you. well i'm just leaving the office so for once i've got plenty of time. what's going on?
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charles: minnesota governor mark dayton just announcing he has prostate cancer and is discussing treatment with doctors next week. the governor collapsing during last night's state of the state address. sad news and, of course, we all hope that the governor gets better. meanwhile, chicago protesters launching a weekly resist trump tuesday demonstration. jeff flock will be covering this later on, but where are the
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protesters against violence in chicago, and do these protesters have their priorities just a little bit mixed up? independent women's voice hadley manning. hadley, of course, many people are asking these type of questions about the women's march in d.c. over the weekend. what do you make of it all? >> you know, there's an important place for protest in our society, for asking members of our federal government to change policies in order to serve the people better, and i think emotions are running high right now right after inauguration day in response to this election. but there's also, we have to keep in mind that protest is just an expression, that if we really want to see change in our society, a lot of that is on our shoulders as individuals to get involved and be active ourselves. charles: yeah and, again, you know, from what i understand, for instance, the women's march was planned for a long time, and out morphed into sort of an anti-trump movement, if you will. but to what you just said, when
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do individuals and even organizations start to say, hey, we're going to work toward solutions rather than sort of the perpetual complaints that really never get us anywhere? >> right. well, especially hosting this particular march the day after inauguration in washington, d.c. where the flagship march was sort of signals that the women participating expect uncle sam to solve these problems. but i think it's important for us as women and men and families to take a good look at how we spend our resources, how we spend our time. if you want to help women, get involved in a local women's shelter or help a neighbor of yours who needs child care, you know? there are things we can do through charities and through our communities that can really make people's lives percent. charles: what do you make of the notion that these marcheses also sort of perpetuate the notion that women in america are victims? >> that is a problematic message that i think women have been hearing for a long time in the united states, and sometimes
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people try to compare be us to other countries that have, for example, government-guaranteed maternity leave policies or government-provided childcare, and it's important for us to ten back and -- to step back and look at the big picture. women are healthier, wealthier, more free, you know, better off than women just about any other time and place in history, so we should celebrate how far we've come and recognize that the problems that persist really should have targeted solutions, you know? not every woman in our society is a victim, although there are women who continue to struggle with specific issues, and we can address those together, i hope, in a way that's not divisive. charles: you sound like you're not too keen on the nanny state solution, and i would say for me i thought november 8th was really a referendum on eight years of a socialism sort of, type of approach, big government making all of the decisions to the american public saying we want to get back to our dna, the idea that if you set the background right, i can pull myself up by the boot straps. >> that's right. and there's an important place for state governments.
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i think people are looking to the federal government for a solution to every problem, but there's an important place at the state level and in our communities, very individualized solutions. because when there's a federal approach, usually that means one size fits all, and we hear the other side from republicans or fiscal conservatives who say, well, that's going to cost taxpayer dollars. that's an important argument against big government, but a more important argument in some ways is how one size fits all really restricts our choices and limits the variety of opportunities we might have to find diverse childcare solutions or diverse solutions to the work/life balance that women want, you know, when they want to take a maternity leave or something like that. we have to pay attention to not just the dollars and cents arguments against big government, but also how it impacts our lives in the day-to-day. charles: great stuff, really appreciate your insights. >> thank you. charles: well, the dow's now up triple digits right at this moment, the s&p and nasdaq on pace for record closes. why the trump rally may not be finished after all. the other network said it was.
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[laughter] we'll be right back. ♪ ♪
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>> from now on we're going to start making pipeline in the united states. we build it in the united states. we build the pipelines. we want to build the pipe. going to put a lot of workers, a lot of steelworkers back to work. charles: president trump making do on many of his promises but lots of folks are asking if the trump rally is over, pointing out the dow jones industrial average has moved sideways longer than it actually rallied higher. i would say that these are the same folks that got everything wrong from the election outcome and how it would initially react to a trump win. that being said, this is what you call the consolidation phase. remember we had best five-week postelection rally in history. i'm cool with sideways. as long as the dow holds above 19,750, that is my key support number. better way to measure the trump
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rally through the market and through the metal stocks. think about it, copper producer freeport-mcmoran, metal fabricator, allegheny technologies both making through major resistance points on huge volume. these moves reflect a strong belief wilbur ross and others confirm the trump administration with china and steel tariffs. 26% of the domestic consumption of steel was imported. caterpillar holding up nicely despite the fact it has been attacked by a big-time wall street short, united rentals, harbinger of building and construction demand this country is surging to a new all-time high as for the broad market it is waiting for some tax reform stuff and sea of regulations to bite the dust. that probably sparks the next leg higher. make no mistake, this will be a building boom.
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i have to tell you right now the world's best builder is in charge. if you want to measure the trump rally. that is how you measure the trump rally. to market watcher christine short for her thoughts. what do you feel about the ikedet right now, christine? growth rhetoric they have been hearing. i think we're in a bit of wait and see period. now they see what comes out of this. they want to see trump's actions. i argue you seeing metals and minings move higher with ak steel with great earnings and allegheny as well. that bodes well for names like alcoa, and steel dynamics. to see one of the cyclicals, materials doing so well after they have been down the last section quarters bodes well for global growth but yes, i think investors and ceos alike are hoping that tax reform is a priority. untort natalie there is a little bit of concern, first two major addresses, both the first press conference as well as his
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inauguration speech didn't mention tax reform. you have everyone from dealt tax ge, goldman sachs, all being very vocal on their calls this earnings season, if our corporate tax rate from 35% to 20%, that drops down to the bottom line. we'll need to see some of that action to happen to justify the very high earnings targets for 2017. s&p 500 growth expected at 13%. charles: you're looking for the market to go much higher from here? >> look, earnings, the markets are driven by earnings, corporate tax rate goes down, that obviously very good for corporate earnings. that will drive the markets higher. -- charles: christine, remember yesterday donald trump talked about corporate taxes being lower, he mentioned between 15 to 20%. the house plan for 20%. there will be a meeting of the minds there. to your point, yeah, it is going to feel better once all of this stuff is actually comes to fruition. if someone invested in this market right now, or, they're
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thinking about investing in this market right now, how would you advise them to go from here? where to go from here? >> the question he is talking about it. but is this first 100 days thing? a first year thing? certainly it is on the docket. i would say these u.s. domestic and companies, multinationals and seen in the s&p five are certainly going to benefit. my one concern about the import tariffs, depending on one sector industry you work in, will that completely wipe away the benefit of corporate tax reform. charles: christine short, thank you very much. appreciate it. >> thank you. charles: white house press briefing set to begin any moment. we'll bring it to you live. press secretary sean spicer. stay tuned. we'll be right back.
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charles: update on president h.w. bush. a spokesman said he continues to recover from pneumonia. he is now sitting up able to talk with doctors and visitors. mrs. bush was discharged yesterday but continues to stay by her husband's side. we're moments away from the white house press briefing. the dow is at session highs. here to discuss it all, charlie gasparino, gerri willis and connell mcshane. how exciting is this? >> what i'm sitting back and thinking. the press must think they have gotten caught in a time warp. they can't keep up with a 70-year-old man, right? we had five different executive issues today.
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you were like covering, all about pipelines. just pipelines all we were covering. what he will talk about next? i don't know. what will spicer cover? we'll wait and see. maybe it will be good news because the market is up. >> executive orders on that. charles: what answers? >> we don't know, unless i'm mistaken what specifically the executive orders on either keystone or on the other pipeline, dakota access pipeline. that has been the practice the last couple days of the new administration. you sign the executive orders. get the photo-op, a few comments and later this release the details. charles: we're not talking about what is really exciting, right? you remember the far side, comic strip, used to be one panel and used to have caveman. one caveman set a trap for sabre tooth tiger but he was in the trap. i feel like the press is that caveman right now. they're going to pull the stick and all hell is going to break loose. >> i don't know. let's be real clear here. donald trump's approval ratings,
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i know everybody hates media, we have president with, broke the record for low approval ratings. charles: but the same polls that showed him losing the election. >> just telling you. no. listen, the polls said that donald trump was going to lose popular vote by 48-46% which essentially what happened. this is, won the electoral college by -- >> talk about something exciting. that will come up with comments from last night. >> just telling you this is a very, this, this president is very unpopular with a large part of the american public. and i think, at some point you have to come to terms with that. now so far he is saying screw you i will do what i want. >> yeah,. >> but at some point you have to acknowledge where you're going wrong. charles: gerri, donald trump, he won the election and did a victory tour. he didn't bo to states that he lost, right? donald trump is really been laser-like focused on people
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that put him in office. i don't think he cares about anyone that may not like him in a poll. >> let me tell you, what is shocking about him, we're used to seeing presidents come into office and immediately everything stops, right? nothing happens. and why? because they don't have to do anything anymore, right? they're not stumping. not on the stump trying to get votes. trump is actually the opposite. whether you like him or not, plenty of people who don't, he is playing to his base. that is what his inauguration speech was about. yes, i promised you x, y, z. charles: but should he pivot i want a wider net. i want to be president of everybody in this country and put out a few olive branches? >> he is playing a smarter game. let me tell you what i think he is doing. he knows he has very little time to get stuff done. he is coming out the gate doing. >> look what he is doing? he is promising, today he came out, chuck schumer came out he and donald trump are in agreement on a massive
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infrastructure plan that dwarfs, that would surpass president obama's okay? just remember how that worked out the last time. he has to take on obamacare and he is going to cut taxes. all that stuff, that they don't compute. >> how do we pay for it that is the question everybody asks but the bet the president is making if we add jobs, economy improves, every single other conversation is essentially noise. >> it will stop. >> i'm not sure if he is right or wrong. >> he is absolutely right. depends how you add jobs. markets you can say, i'm spouting wall street bs, the market what they do essentially tell you how the economy will improve in the future. they factor that in. the market is up today, since the beginning of the year we haven't really been up. one. problems we heard very little about tax cuts, very little about regulation cuts, exempt for yesterday. and a whole lot of stuff about building walls and a lot of other -- charles: yesterday with the
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ceo's meeting he talked about taxes being 15 to 20%. he keeps reiterating, taxes regulations, listen, i think the idea that he said 15 to 20% was a nod to ryan and other republicans hey, we'll get it done. if it is not 15% it will be 20%. either way it sparks economic revival. >> look at market reaction to his thing yesterday, that conference. it was fascinating, he said cut regulations 75%, which is absurd number, which regulations, business taxes, corporate tax down to 15%, market spiked. let me finish -- >> how do you say the market doesn't like donald trump. >> let me finish. let me finish. the minute he said protectionism, spiked down. >> yes. yesterday that happened. there was more with the auto industry. charles: we're in a very tight range. he closed off the lows of the session. i don't know that -- >> that market action did happen. there is no denying. charles: small spike. overall, overall, look at the
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stocks that are really doing extraordinarily well. >> construction, manufacturing. charles: caterpillar is doing extraordinarily well. united rental. u.s. steel. >> not since beginning of the year. charles: since november 8th. >> since the beginning of the year, you guys were touting -- charles: freeport-mcmoran at all-time high today. united rentals at all-time high today. since beginning of year. >> there is no trump rally since january 1. charles: trump stocks are killing it. >> a few are -- charles: johnson & johnson is down today. that is not trump stock. >> look at their performance since january 1, look at it. the trump rally petered out. >> that was a big run from the election. >> charles is saying very companies that would benefit from trump policies are doing well. >> how do you know? they are doing well, about if you look at the rally, they're pricing in conflicting -- by the way, all these agricultural companies, freeport-mcmoran, john deere, for example, i'm sure that has done fairly well. guess what if we have a trade war wi china, we will not do that well because we'll not sell
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that much agriculture products to china. charles: that is so ironic, machinery, the real agricultural companies like agrium up three bucks today. >> today. charles: today. i'm telling you right now that the market is reflecting an amazing amount much optimism we see in every type of poll, whether national federation of independent businesses or homebuilders -- >> markets are incredibly mixed since january 1. >> had unhuge run from the election. >> now as started talking about protectionism. charles: if you believe that, why is nasdaq all-time high. we're starting, guys. >> here we go. >> as you know we had trump does amount of activity here in the last 24 hours really focused on the american worker buy america, hire america is at the core of the president's plan to create an economy that works for everyone. i think by every indication you have seen that focus in the past 24 and 36 hours.
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we we begin going through the events of the day i want to start off with a quick run-down all the president and his administration done with just one official working day under our belts. i don't know about everyone else i think it has been a pretty impressive first and second full days here. president trump's meetings yesterday with top business and union leaders including front line union workers went very well. i think was a signal to every american worker that jobs and the economy are truly the president's top priority. a few of the participants noted afterwards in each one of these groups we meet with, this is the first time in some cases ever they have been reached out to. in almost over case first time they were invited in the oval office. i really think when you look at the level of concern an interest that he has in the american worker it has been clearly on display in the last 24, 36 hours. in addition to these productive meetings, the president took major steps towards fulfilling his biggest campaign promises to american people.
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he ushered in a new ear of a trade policy by withdrawing from the trans-pacific partnership agreement. he restored confidence to the u.s. taxyers by ising a hi feze on exetive brand. he rhee affirmed his commitment to life by re-establishing the mexico city policy. he had a bicameral meeting with congressional leaders he made it clear he expects there to be no delay getting his agenda through congress and action out of washington. this morning the president began his day with a breakfast listening to key automobile executives. they spoke about the importance of increasing manufacturing capabilities, specific to the automotive industry. they touched on a need for regulatory reform and modernized safety standards which will advance the industry leading technology and job creation here in the united states. i think you've been briefed on attendees, real quickly mary barra the head of general motors was here, former president.
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american automotive policy council, mark fields of ford, craig guild dan of general motors, roger carr of fiat chrysler, sergio marchionne of fiat chrysler. the head of government affairs for ford and from the administration, jared kushner was on hand, reince priebus, steve bannon and gary cohn and. president signed executive actions that will move our country towards energy independence and more importantly continue to get americans back to work. the president started by signing a memorandum to fulfilling a major promise to secure swift approval to the keystone pipeline. the memorandum invites transcanada to resubmit the proposal and directs agencies to approve it without delay. there is an energy revolution that will happen in this country and in spite of the bureaucratic and political barriers that have been in place in the past we're ready to move forward. oil and gas production is up significantly in the last decade
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on our imports have been cut in half. president's actions today will create tens of thousands of new jobs for the american workers and move us greater towards energy independence while at same time insuring we keep the environment as a top priority. the president also signed a memorandum regarding the dakota access pipeline. this memorandum directs agencies to expedite reviews and approvals for the remaining portions of this pipeline which the previous administration held up for political reasons. the $3.8 billion pipeline already, 90% complete will carry over 500,000 barrels a day of crude oil from areas in north dakota to oil markets in the u.s. in both of these areas, as the president remarked this morning he will insure we continue to negotiate in both areas to provide the best deal for the american taxpayer. the president signed an executive order establishing a framework for expediting environmental reviews for high priority infrastructure projects. delays and other inefficiencies
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in the environmental review and permitting process are severely impeding critically important projects that will help us remodernize and rebuild our nation's infrastructure. this order will help put an end to the crippling delays caused by bureaucratic red tape. the president also signed a memorandum requiring that commerce secretary to submit a report recommending how best to streamline manufacturing permitting. the president has been hearing from manufacturing, manufacturers that excessive regulations are driving them out of the u.s. as part of his com making america work again the president has directed the commerce secretary to reach out to manufacturers and the public to identify regulations that are hurting them from moving forward. the president also signed a memorandum directing the congress secretary to lead a study building keystone and dakota access pipelines as well as any other future pipeline with u.s.-made steel and pipe and accessories. this is the first step and president really delivering on
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his campaign promise to put american steel at the backbone of the u.s. economy. the u.s. has lost nearly 1/3 of its manufacturing basins 1997, even though the country's population increased by 50 million people. we'll rebuild our infrastructure and do it with american workers and with american resources. as many of you recall the buy american theme was a major part of the president's inaugural address. this is clearly an immediate action and extension of that promise he made to the american people last friday. we sorely need these infrastructure jobs, according to the national association of manufacturers. without improvements to the transportation systems, quote, the united states will lose more than 2.5 million jobs by 2025, creating jobs and boosting wages is the president's top priority, and it has been made very clear over the past 36 hours, this is an hour where he is taking immediate action. at 1:00, president will, is was
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speaking with indian prime minister modi. we'll have a readout as soon as it is available f we get it to the during the briefing we will. this afternoon the president will hold a bipartisan leader with the key senate leadership and majority leader, minority leader, majoty whip and minority whip to discuss the his nomination for the justice for the united states supreme court. he will have announcement next week. they that will have the high left regard for the liberty and the constitution. based on their commitment to upholding these principles. this meet something an important opportunity for the president to consult with senate leaders from both sides of the aisle on his potential choices for bench. as you may have heard speaker ryan extended an invitation for the president to address a joint session of congress on february 28th. i'm pleased to inform you the president accepted that inindividualtation. he looks forward for sharing his plans to move the country
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forward. i have a feeling by the time we get to february 28th we'll have a lot to talk about it was great to see the nominations of dr. carson, secretary chiao and governor haley were advanced out of committee. just a reminderrer by the end of president obama's first week in office he had 12. senate has a lot of catching up to do. i hope the senate democrats do their job and help us catch up to the number. within quick follow-up on our storm relief efforts that plagued the southeast, white house staff is in touch with officials in the states and will continue to provide assistance to the recovery. a fema is on the ground in georgia to. fema liaison officers were deployed in emergency support centers for both mississippi and georgia for response activities. with that i would be glad to take a few questions. jim stinson. >> today, immigration enforcement organizations and
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activists expressed concern that they haven't seen immediately action on daca and dhca. i was wondering that was a key campaign pledge of president trump on the campaign trail. when can, when can people expect action on that? it wouldn't require, it would only require stopping, renewing the applications. couldn't actually be retroactive against anyone. what is the hold-up? >> i think i mentioned yesterday, when it comes to immigration and the promises the president made during the campaign to both insure that we build a wall and enforce our southern border, as well as reform our entire immigration system, his priority is first and foremost focused on people who pose a threat to the country, frankly criminals. that is where he wants i.c.e. to focus efforts. with regards to daca, his cabinet level team starts to organize and create a plan moving forward with respect to
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that issue. that's where we right now. david jackson. >> sean, there are stories out there, epa officials are gagged from tacking to the press and media. basically a gag order, same thing we had from the interior department over the weekend s that true, why is that being done? >> i don't know that, story is literally breaking as we were entering the briefing room. we're looking into it. i don't think it is any surprise when there is an administration turnover we'll review policies but with respect to the question you're asking i don't have any information at this time. we asked the team to look into the entering the briefing room. if i have an update while we're here i would -- >> interior department did they have have the sail kind of thing. they were banned from tweet? >> i read that mid thatting because inappropriately violated their own social media policies, there was guidance put out to the department to act in compliness rules set forth. >> what -- >> steve holland. >> sean, in signing orders on keystone and dakota access this
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morning he said he would like to renegotiate some of the terms. what exactly was he talking about there? >> that's a great question, steve. one of the things american people know about donald trump he is successful businessman and successful negotiator and as he looks at these deals, what he is trying to insure these projects, that are great in the sense they're going to create jobs and help our economy but in a lot of cases they will make these organizations a lot of money. what he is insuring that the american taxpayer gets the best deal possible. so he is asking his team to review those deals an make sure that if we're going to do all these things to expedite these projects go over, under a piece of u.s. soil, that the american taxpayer is considered in this process, and that we get the best deal for our country, not just in terms of jobs and future economic growth and a little more energy security but also in terms of making sure taxpayers at large who own some of these lands or access to these lands and waters and rivers in case of
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dakota get the best deal possible. charlie sparing. >> the march for life is on friday. president george w. bush had an tradition addressing march customers through a phone call on the mall? will the president be continuing that tradition on friday? >> kellyanne is going to attend the event. we're still working through details. we'll have further for you on president's potential. the president campaigned as pro-life president. something very important for him, evidenced by mexico city reinstatement yesterday. we'll have heavy administration presence there. no secret this administration and this president are going to do what they can to fight for life with the exact participation level, we'll find out whether it is greeting of some sort or a call. i will have a further update for you. cecelia.
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>> is president mean millions voted illegally in this election and what evidence do you have of widespread voter fraud in this election if that is the case? >> the president believed that. he stated that before. he stated his concerns of voter fraud and people voting illegally during the campaign. he continues to maintain that belief based on studies and evidence people presented to him. >> exactly what evidence? speaker ryan said there is no evidence. national association of secretaries of state say they don't agree with the president's assessment. what evidence do you have? >> i as i said i think the president has believed that for a while based on studies and information he has. john roberts. >> waning hours of the obama administration they quietly transferred mon in no from this country, $221 million to the palestinian authority. does the president, is president okay with that transfer? if he is not, would he seek to claw back some of that money? >> when it comes to u.s. taxpayer money spent in general or overseas here at home you've seen through the hiring freeze
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and other actions he is going to take, i mentioned to steve, he is can he verned about how taxpayer money is spent. whether it is sent overseas and what we get for it in terms of relationship for support for our democracy or aid to another country and our defenses. he will examine all aspects of the budget and how we look at all money. there is newfound respect for all the american people's tax dollars are spent with this administration. with his background as it is with a businessman, one who scrutinizes projects to bring them under budget, on time, he is bringing business acumen to the white house to the benefit of the american taxpayer. >> is he okay -- >> i don't want to go any further to say. he will make sure every deal, every dollar that is spent on behalf, by the government is done in a way that respects the american taxpayer. >> sean, when you were talking about that voter fraud, are you going to ask for an investigation? is the white house going to formally ask into this alleged --
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>> he won very handily with 306 electoral votes, 33 states. he is very comfortable with his win. >> he is bringing it up. >> having discussion with some folks and mentioned something in passing which has been a long-standing belief he maintained. this isn't the first time you have heard this concern of him. >> clarifying whether illegal ballots or -- >> i think there has been studies. one came out of pew in 2008, 14% of people who voted were non-citizens. there are other studies presented to him. it is belief he maintains. >> countied improperly as dick durbin said the president personally told him last night. that the people -- >> i have asked and answered it. it is belief he maintained for a while. concern he has about voter fraud and that is based on information provided. trey. >> thanks, sean. following president trump's executive actions today, is he concerned about large-scale protests surrounding dakota access and keystone pipelines
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like standing rock? how will he address concerns of those opposed to plans? >> i think he will make sure that he is working with all parties involved. that is part of to steve's question. there is way you continue to negotiate that. whether native-american concerns that they have on some of the lands, that the dakota pipeline. you're 93% there with dakota. i think the president has shown through his business life that he knows you how to negotiate a great deal where parties come he is willing to sit down with all of the individuals that are involved in the dakota pipeline to make sure it's a deal that benefits all of the parties of interest or at least gets them something they want. so that's part of it. margaret. >> [inaudible] >> no, margaret. >> one at a time. [laughter] we'll stick with the ms for a while. >> i'd like to ask you about jim comey, but i also wanted to follow up about the pipelines and the renegotiation. the president, i think, sort of suggested some of those renegotiations might already be happening or that they would
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start happening, and i'm just wondering if you can clarify, like r the mechanisms for that set? >> well, he just signed the executive order today, and part of it was as he moves these things forward, he wants to get the best deal for the american taxpayer and works with the parties involved to make sure people whoever concerns have an opportunity to come back to the table and see if there's a way to -- >> so it's still being fleshed out and not started -- >> correct. >> on jim comey, could you make it official what has been reported by u.s. officials all day long which is that the president has decided he wants jim comey to stay on, and jim comey has told him he will stay on? did they discuss the russian investigations and the parameters? >> i don't have anything for that, i don't know what the status is. i'll have to follow up with the president. mara. >> okay. just question about the executives, the hiring freeze yesterday. it doesn't exempt the v.a., and there are 41,500 unfilled medical jobs with the v.a. which
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is really an extremely large number. >> right. >> the v.a. is one of his top priorities -- >> right. it's a freeze. and part of it is -- hold on. part of it is to get our v.a. secretary in there. figure out how we can invest -- because hiring people when you have a system that's not working and then just going out and hiring additional people doesn't seem to be the most efficient way of solving the problem. what we need to do whether it's the v.a. or any other agency is make sure that we're hiring smartly and effectively and efficiently. and i think the v.a. in particular, if you look at the problems that have plagued people, hiring more people isn't the answer. it's hiring the right people, putting the procedures in place that insure that our veterans whether it's health care, mortgages or the other services the v.a. provides to those who have served our nations get the services they've earned. and right now the system's broken. so the freeze is meant to pause, allow there to be an analysis of what can make this better. and it's not just the v.a., although, obviously, that's high

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