when the dow industrials crossed 20,000. i'm proud to say elizabeth and ashley were with us when it happened, and they were both smiling unlike our competitors who were glum at sight of our 20,000 rally, did i get it right, neil cavuto. neil: we're watching the rally as well. if you look at goldman and jpmorgan and that is disproportionally accounting for twoth its of this -- 2/3 of this the gain today. president of the united states and push to get rid of onerous regulations the bain of existence for a lot of these companies -- bane of the existence for a lot of these companies. that is disproportionally affecting weighting of this rally, skewed heavily toward financial issues. what began as a financial driven

rally soon after the election of donald trump is the continuing that way right now. we have scott martin joining us, king view, asset management and our own gerri willis. so, dan, your take on this rally and whether it lasts? we were comfortably over20,000. what if we don't finish over that? we've done that kind of thing before with the thousand point climbs. what do you think? >> neil, i feel really good what is going on, why it is driven. it is very real unlike rallies in the past. certainly. stocks were overvalued the day before the election the they're still somewhat overvalued. we have hope and change, hate to use the words, but we have hope and change in the administration

, can mean see a president doing things, just not talking about doing things. this is almost to the point where nobody really cares about a what he is doing, something being done and gives an awful lot of confidence moving forward. i think it is here. if we get a pullback i'm not concerned. i think we'll continue to see this enthusiasm. neil: scott, what makes it interesting, that enthusiasm was worldwide in nature going into the trading day today,. melissa, germany, each up more than 1%, up more than 1%. hang sang and hon kong up half a percent. the even fears for example, this is going to be a protectionist administration, maybe they're sorting that out. what do you think?

>> definitely extra caffeine in the coffee the last couple day, neil. donald trump, like him or hate him, which i know some people out there certainly do both or fall on both sides there, he has done more for this economy and the markets in the first two days in the administration than obama did in the last two years. so that is what everybody is excited about. dan mentioned some cool words there, hope and change. i will use those words again but they actually mean something now. they are backed by action. they're not just words anymore, things trump is proving to actually be real. neil: gerri, if we look at this kind of thing, if we forgot the discussion what some deemedded to be in the inaugural address, very america first, almost protectionist address to the counttry. that is obviously what led to a lot of the foreign market concerns. now, it seems as if people, who knows, who is right on this, they're reassessing that, thinking well, you know that is

not such a bad thing what do you think? >> there is a reassessment going on, they're deciding that donald trump is a man who negotiates. we had statements on tax, instead of cropping corporate tax rates to 15% what he said all along, the other day he said 15 to 20%, concession to republicans. i believe this is a trump rally. american companies out there are hearing what they want to hear. lower taxes, less regulation. 10 days after the election the dow went through 19,000. 42 days after the election, now dow is through 20,000. i want to add one more thing, this is isn't just the dow, we talk about really stocks. it is not really whole market but s&p 500 and nasdaq, both, all three of those setting records. that is a positive bullish signal. if you're one of those folks saving for retirement, you had it inside of yourself to stay the market, pat yourself on the

back. long-term investing works. neil: what do you tell investors at this level, dan, look at this, see the dow over 20,000, see the s&p and nasdaq racing along, see mid-caps racing along, small guys, small cap stocks really, really racing along, what do you tell investors saying all right, i've been out of this market but i want to dive in today? what do you tell them? >> well i'm telling everybody. you have to get in. you can dollar-cost-average in if you like. that is not a bad idea. you have to be in the market, what was just said, it is a broad based rally and i believe it's real and here to stay. i think you have to get in. you have to be in this market. i was saying the day after the election, and i believe it is as true today. you have to start getting this

start to see a little bit after pullback. it is okay. we have an administration. we have fiscal policy coming out of washington, something we haven't seen in 10 years. it is going to be okay, it will come back and get in and stay in. neil: scott, we do with the markets running down, we look at flip side, what is good. market running up, what is the flip side and can be problematic. what could be problematic interest rate backing up. you were one of the first to point this out to me, sometimes interest rates backing up is a good thing. reflect as economy many perceive to be getting stronger. that is net-net positive. what if they relentlessly backing up, if we're at 2.5 yield. 10 year, 3 1/2, back to the more historical norm then what? >> i don't think they will but that is certainly a fear. when interest rates go up, bond prices go down. you get a price depreciation here.

what is funny about interest rates, neil, them being about 2 1/2% feels like it is high, but not historically as you point out if you get this 4 or 5% growth. that is a great thing we're seeing interest rates respond. if we saw interest rates going down in light of this market rally i would be very concerned it is not for real. rates going the other direction up in this case is a good sign this market is back as far as equities. >> can i piggyback on scott here. a lot of people will be happy to see higher interest rates, senior citizens. neil: that's right. >> people who have gotten killed by the federal reserve keeping rates so low. and they would like some more,t, thank you very much. neil: i saw one bank bragging about a 1% cd, bragging about 1% cd. i guess the times we live in. guys, thank you all very, very much. we're keeping an eye on whether we hold this 20,000 level. by the way this would represent the second fastest thousand point climb if it holds when we

were at 19,042 days ago. 11 to 12,000, that was about a 24-day advance back in 1998 i believe. don't hold me exactly to that. remember the higher you go, smaller percentage leap you need to get to the next level. this one, for example, would take all of about 4.8% climb to get to 21,000. that is what happens when it goes up, up, up. president trump is doing a lot of things to get a lot of investors attention, but also to get a lot of people's attention, the world over including his attempt to ease up on illegals who somehow go right through the border. former bush 43 deputy chief of staff karl rove with us right now. he is back to looking at an executive order which would put in place the mechanics. you have a wall going. whether a physical wall, who pays for it, that other you stuff to be decided. what do you think of that, not

warmly received or reported on in mexico? >> firstall a little bit of this is kabuki. the 700,000 miles of wall was authorized in 2006 called the secure defense act. money was appropriated only allowed 352 miles of wall to be built. part of that is taking steps to say we'll move forward on this. ultimately he will need to go to congress to say i need money to at least finish out the authorization thaw fav for 700 miles of wall and he may ask for additional miles of wall to be built. remember, it doesn't make sense to build a wall every mile of the border. in fact we have 1254-mile border between texas and mexico that is river. you need a wall where there are river crossings or in metropolitan areas where there are population but you don't need a wall in the far west part of texas, literally the mexican

border is 8 or 900 feet in area and texas border 150 miles along in the big bend. some of this is really important for him to say, i'm going to move on this. some of this is important because he has executive authority to do some things on extreme vetting. some of this will require additional action before it can be fulfilled. neil: we paid a lot of attention for memorandum and trouble distinguishing the difference, but the gist of it is to look like reversing our predecessor's executive orders you found or republicans in general found onerous and burdensome, eventually, a lot of this stuff will involve congress going along, right? how likely would it be on the wall thing, on easing up on refugees thing, on maybe declaring muslim brotherhood a terrorist organization, something else he is apparently cooking up, how will that be

received and what's the follow-through? >> well, look, it depends on the specific. he will have strong support for a number of measures among republicans. there will be other measures he has to depend upon more democrats votes in order to get it through. it really depends on the specifics. i know we get excited at this point of a president's administration about 100 days, we keep talking about 100 days but it is an artificial construct. we have only one, 100 day period a lot of legislation was done. that was in 1933. franklin roosevelt had two more months to prepare for it since we didn't inaugurate presidents until march back then. he had huge majorities in house and senate got a lot done in the house and senate. it takes couple hundred days to get things done. if you get things done quick like that, you get things wrong, stimulus bill done in the first 100 days of obama administration. grab bag of things and what

happened to all the shovel-ready jobs. neil: say couple years later, health care act, allowing for time doesn't mean you make good use of it, but stepping back from this, how do you think he is getting off to this? much media consternation over his fight over crowd sizes of the inauguration, all but losing sight of the fact all this other stuff he is doing but how do you think it is going thus far? >> there are two presidencies here. one is really doing well. a disciplined president with series of meetings on monday with business leaders, union leaders, issued a series of executive orders, reinstituting pro-life policies abroad and withdrawing actions of president obama. on tuesday, meetings with car manufacturers and continued stream of orders. today we have executive orders and executive actions on immigration. that one is looking good but the other presidency we're seeing where they're bringing it upon themselves in my opinion unnecessary and deleterious

controversies. who cares who got more people? is it really important to the future of our country that president trump get everybody to agree he had more people at his inaugural than president obama? is it really useful for the administration, for him to tell congressional leaders, hey, i had 3 million people who voted for her illegally, otherwise i would have won the popular vote? is it useful to engage in those kind of controversies? neil: what do you think, karl, he is up to here, send out a message right from the get-go, everything that you say about me, anything that you leap on, and say that it is damaging to me i'm going to be like stink on you know what with it? and he might not even concur. i could be wrong but it's a crackpot theory. >> look, look, look, take -- there are two photographs both taken just before noon on january 20th, 2009 and january 20th, 2017 and showed crowds on mall. it is clear who has more people there. does it really help the

president to say, well i really won the popular vote? i lost by 2.9 million in the official count but those included 3 to 5 million illegal people shouldn't have voted without any proof whatsoever? i mean, please, get done with this. this will eat away at his credibility, if not here in the country, it will eat away at his credibility abroad. i was in europe last week. they're scratching their head at these controversies. i don't think the it advances his cause. the cause is advanced by things on the campaign trail. it is not advance getting involved inside arguments cause people to scratch their heads and say what is he thinking? neil: i was there. smaller crowd. i'm not besmirching that tough to compare to obama as. >> historic moment, first african-american chief executive in the country's history, won by significant margin versus eight years later, donald trump a controversial candidate, 18% of the electorate said neither hillary clinton nor donald trump

was qualified to be president and they voted for him by 20 points. so -- neil: he won, president of the night. he is the president be done with it. >> so, who would have expected him to have more people at his inaugural than barack obama? and who cares? neil: you're so right. so sorry for even raising the point. good to see you, my friend. thank you very much. >> thank you. thank you. neil: karl rove. the media is obsessed with these kind of ies to karl's point. investors not so much. what investors could teach the media after this. introducing conduent. one of the largest business process companies in the world. whether it's in health care, customer care, technology, transportation or government.

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you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. neil: we were over 20,000. the question can we do that?

we've done this with 1000 point climbs. intraday we jumped over them. happened with every thousand point climb. don't close right away. in the case of the dow hitting 1,000, first teased it in 1966. charlie bass, you're an encyclopedia, when did we conclusively stay over 1000? >> that is a good question. i was at "wall street journal" in 1996 it got over 5,000. neil: 1962. >> we had vietnam war in between that and stags nation. by the way stagflation destroyed markets in '70s. neil: get there intraday be a little careful. >> let's be clear what this is about, liberal media saying it is a number. already out there. who cares about dow 20,000. neil: you've been leading the charge you hated this. >> no, i don't. neil: now you buy it?

>> this is affirmation of pro-growth policies donald trump has. neil: what about the protection it sentiment in the nation raul address. >> that is where gets tricksky. larry summers and all the liberals saying secular stagflation, if you cut tax, lower regulations, markets will go up, economy gets better. neil: what changed, you know what i'm saying? what changed? >> i don't think anything changed. yesterday he said he would cut 75% of all regulations. more than a month to dow to gain 100 points necessary to get to 20-k. that is really interesting. there is is inside of this euphoria which -- neil: what are we up since this election? 11%? >> 11%. go for the last month, it has been a sideways market. the reason why -- neil: you're like one of these tough grading dads. i bring home a report card with all as and like an a minus which never happened, you would say neil, what happened with --

>> neil, you are an a-plus man. neil: there you go. >> donald trump could be an a-plus president with the economy but when you factor in the protectionism -- okay, he wants to build a wall today, which might be good for building stocks but he has to -- neil: financial stocks, they have been disproportionately behind this today. >> right. which means that, remember why that happens. there is two reasons why financial stocks go up. number one you're pricing in better economy. they will lend more. people are saying bank stocks go up because banks make more money. because of deregulation. if you get rid of 75% of all deregulations like he said, dod frank falls into that category and bank stocks do better if you water down dodd-frank. neil: has he made any executive orders or declarations on dodd-frank. >> nothing. neil: health care, other stuff. >> not on taxes. that is the where proof -- neil: dodd-frank is still the law of the land here. >> we still have the same tax rate. neil: we have, you know, too big

to fail is not the case, right? >> well, allegedly but it is. neil: it is the case, right? >> for average investor on this thing, again i urge caution. it took more than a month to get 100 points to get to dow 20. that is not a sign to buy this necessarily. see what policies are going to come can out of the listen, i'm hoping all this protection it stuff is put everybody on notice, you screw with us, we will screw back. i hope all the things about infrastructure, we'll not pull it out of the bank, we'll do leveraging stuff with private equity. he has been talking about that. if they do that and cut taxes, get corporate tax rate down to reasonable way, then this market is worth buying because if you look -- neil: you're not of that mind-set yet. >> i don't know. corporate earnings do not, dow 20,000 does not equate where corporate earnings are right now. dow 20,000 equate where corporate earnings going higher. economy growing. if there is pro-growth policies are put in place. that is are with i think you got

to look at it from the market. if he does the pro-growth things and carries the big stick just on protectionism, this economy could really take off. neil: could he be his worst enemy? the media goes after him because he raises it, only fair game about crowd size and other things and distracts from the message. karl rove saying much the same. do you buy that or do we work on two different channels is it. >> that was fascinate interview with karl, conventional wisdom he gets sidetracked, i notice arguing about crowd size, it was stupid, you and i were there, obama had much bigger crowds. obama was lousy president for eight years. the thing about trump is, even as he is arguing about crowd size he is signing executive orders. he can multitask. neil: separate channels. >> this is pretty interesting. i'm hoping that the pro-growth stuff wins out over the protection it stuff. the protection it stuff is

merely -- neinvestors on one track. media is on another track. we're fosingn investors but the maybe media can't grasp this -- >> you should have seen, i was talking to stuart when coming up the elevator. he said that people on cnbc were actually pissed off by this. that they were actually mad that trump got it to 20k. neil: really? >> that should tell you, in the past, cnbc would be, if it was obama they would be, having a party. neil: that sounds too amazing to me. what is cnbc? >> it's a channel in jersey that purport to cover news that happens in new york city. neil: that will be fine. we have a lot more coming up, including days away, a week away or so from a supreme court pick by the president. how do you think that is going to go down? after this.

neil: all right. almost here now after the death of antonin scalia we might have a supreme court pick out of this president by a week from tomorrow. right now the guess is who's in that small pool of names. to blake burman at white house. blake? reporter: hi, there, neil, you remember during the campaign president trump put out a list, a couple of different lists ended up to 20, 21 different names. sources tell fox that has been whittled all the way down to three, the three names are as follows. kneel gorsh, thomas hard did man, william pryor. they have a few things in common. all three on u.s. circuit court after peals. all three were appointed by then president george w. bush. all three were born in the early to mid 1960s, they are approaching or currently in their early 50s. as for the traits that separate them, there are most certainly

those as well, gorrostietasuch he is rising within folks in the trump administration because of past decisions he made against obama care. hardiman sits on the same court right now as president trump's sister. should he be given the nod, should he be elevated, interestingly enough only member on the supreme court that did not graduate from the ivy league. all members of the court currently graduated from harvard, yale or columbia. as for pryor he has connections that could possibly matter. he has long-running ties to attorney general nominee senator jeff sessions. we expect this pick as president tweeted out today in eight days next thursday, was the date that was given. neil? neil: what is interesting, in all the picks that you said, given their birthdates all of that, if they get a conservative, they want that conservative there for a long, long time, don't they? reporter: that is one thing. i mean in this case, age

certainly does matter for some folks. you get them in there, potentially somebody in the early 50s like all three of these folks are, you could potentially have them for several decades after that. as for neil goresuch, he is 49 and surgeons 50 this month. could potentially be a big month for him. neil: i think so. blake burman. take a peek at the dow, up 143 points. financial issues leading the way. does help to have goldman, jpmorgan, travelers, likes of them all leading this charge, bank of america, all these financial issues that will be benefiting no matter which way rates go. the fact this should be a boom for consumers, they would buy more, invest more, bank more, well, wall street is seeing green more. after this. liberty mutual stood with me when i was too busy with the kids to get a repair estimate. liberty did what? yeah, with liberty mutual all i

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but had trouble getting paid. not a good time, jeanette. even worse. now i'm uncomfortable. but here's the good news, jeanette got quickbooks. send that invoice, jeanette. looks like they viewed it. and, ta-da! paid twice as fast. ciant. way to grow, jeanette. get paid twice as fast. visit quickbooks-dot-com. neil: all right. stocks continue racing away here and this decision has really nothing to do with it but the president really indicating that he means what he says. he wants to build a wall, an executive order the first thing to get the mechanics in place for that. there are a couple of questions. will it be a physical wall across the entire border and who ultimately will pay for it. republican congressman mike kelly. congressman, who does end up paying for it? >> we don't know exactly yet how it will work, neil, but i'll

tell you, i think president trump is new action figure for america. he is doing everything he said he is going to do and doing it almost at warp speed. he is keeping promises that he made. say what you mean and mean what you say. that is exactly who he is. neil: i understand that, who is going to pay for it? >> well, you know what, i'm not on inside track of that he doesn't sit down to tell me how to do it but i have great confidence at end of the day mexico will have large investment in that wall. neil: how will that happen though? >> well i think he can do it a couple different ways. certainly can do it with trade. he is great guy negotiating deals. if i were mexico i would take a long look what america meant for mexico, you know what? make sure we're keeping our relations the right way. a lot of people look at agreements we have over the past, you know what? well-intentioned but didn't really work out the way we thought they would. i'm looking for something in a trade initiative but other than i don't know he has different way of approaching things than any of us ever seen before but

coming from the private sector as the president does, there are ways to get things done the average politician doesn't look at. i'm anxious to see how he will do it but i know he will do it. neil: talk a little bit about the executive orders. markets like a lot of them, especially his talk of cutting regulations up to 75%. big tax relief, huge tax cuts. is that doable? is everyone in your party in sync with that? depending who you're talking to, congressman, in your part party they better be revenue neutral and because of deficits and debt. >> i understand that. you have sometimes to work with the deficit to get to a positive end. a lot of people said we'll not bo any further whether infrastructure or defense. i would say this at the end of the day. we have to keep promises to people. we can get america on track. we can do it working together,. the president more of anybody

else has a way of getting to a positive end than anybody i've seen six years in washington. i been long for times to be back in the car lot workforce customers. the goal somebody gets car they want and price they want to pay. i want to do same thing, that they serve the american people the way they deserve to be served. they made a you you had lo, loud statement on november 8th. they expect us to get things done. this president will get it done, i think it will work in a way overnot, long-range, you will see a positive return on it. neil: would you personally, congressman, be opening to making the deficit a little worse, with big tax cuts, knowing revenue eventually does come in? of course the last go round we saw, when ronald reagan tried it, revenue came in but republicans in charge spent the money and then some, but are you okay, not with spending money when it comes in, but with going in to bigger deficits in the near term before the money

starts flooding in from the big tax cuts later on? >> listen, there is nothing wrong with deficits as long as you spend money right way and get positive return on the investment. that is what we're all looking for. biggest money spends last couple times we done it brought nothing back into the economy. it really hurt the economy. we'll have to do some deficit spending. a lot of my he have deficit hawk friends say don't do it? how will you rebuild the military and redo infrastructure? how do you do the things and listen has to be revenue neutral and not borrow money. sometimes you have to borrow money. you have to prime the pump. do it the right way and right intentions you get positive results. looking into the future not have the positive return in 90 days or 100 days which everybody thinks it can happen. in long run you know it can happen. it has happened throughout our history. neil: you seem to be open to being flexibility on this and

this doctrine about don't make deficit worse, you could live with that? because it seems like the rollout for this, this could be wrong, the intelligence we're getting, congressman, maybe something of a corporate tax reform, maybe coupled with infrastructure spending and then, later in the fall, i'm told, potentially in the fall, the personal tax rates are addressed. what do you think of that timetable? >> well, i can't address the timetable because it's hard to say. this is a difficult process. once you get two bodies trying to work together, the house and the senate. that is difficult negotiation. but if we're looking at big picture and long-term effects of this, we have to understand, i have done this myself in private life, there are times i had to borrow money to keep the business going and improve business. you know what, can't do it right now, doesn't look good. you have to look to the future and what are the positive returns for america's investors. that is hard-working america's taxpayers i would be a fool to say listen, i'm not interested in any of that stuff.

doesn't make sense to me. if it helps us grow, get people back to work, makes america strong and safer, why wouldn't you do it? you have to sometimes borrow money to get there. i think we can do it, i think with the results of a real positive economy. that will come back in. it will come back in over a longer time but it will come back in and rebuild us as a nation. we need to start heading in that direction. you know, when you fly around the world, flying into america you think this is the third world country. you look at other places in the world they have done great things with infrastructure money and doing things like this. we have to look what works, and what serves the american people the best way. i think sometimes we get too confused between republicans and democrats saying oh, we can't possibly do this, because it isn't part of our dna. winning. we can win. we have a guy in the white house that wants to win. he is very impatient with failure. it is time to stop arguing philosophical things and what is the best way for america and how we get hard-working return for

america's taxpayers. doesn't matter to me whether republican or democrat, i just want to get there. i'm tired of losing. neil: is it you chose to wear a green vest because of dow 20,000 or is that coincidental. >> i was listening to prior segment. we want to make america green again. neil: touche. congressman, thank you very much. >> it is all go. it is all go. thanks, neil, appreciate it. neil: meantime we're waiting for white house briefing. these are pay-per-view events. i suggest to reporters popcorn is in order. we don't know what will come up. maybe not discussion about markets and crowd sizes all of that. seems like the media might be in a whole different universe than, i don't know, investors.

neil: abc news released a clip

from its interview with president trump an it concerns this mexican wall construction that will begin in months according to the president, and negotiations with mexico on payment will begin relatively soon. now, a lot of people have interpreted that to mean that we pay for the wall up front. the mexicans pay us later. the devil is in the he details here but it could be enacted through a tariff on mexican goods coming through. that could be how they pay for it. i don't know how he clarifies that. maybe full interview will give us a clear indication. donald trump going through with that plan, an executive order, memorandum order the case today to outline exactly, he will make good on the promise to build a wall. whether it's a physical wall, entire border is anyone's guess, probably not, but the wall will be built. jeff flock joining us right now. what do we to glean from that, jeff? reporter: well, there is a lot going on at the moment, neil, as you know. john roberts of fox news is

reporting that the president later today will sign an executive order that will in fact withhold federal funds from so-called sanctuary cities like the one i assistant in right now. we're awaiting a appearance from the mayor, chicago mayor rahm emanuel, after the city council is done meeting he will come out for the next volley of emanuel versus trump war here. with holding of federal funds is very controversial for sanctuary cities. it's a lot of money. can the president do this? i don't know. you remember in the aca, the supreme court ruled the federal government couldn't force by withholding funds to force the state to do something it didn't want to do, but then again who knows how this will come down. we know it is a lot of money. some pegged it perhaps $3.5 billion, from the federal government to chicago alone in the current year. that breaks down to 800 plus million for the chicago housing

authority. another 800 plus million for chicago public schools. maybe as much as almost 300 million for public transit in chicago. it is full 15% the federal government is of chicago's annual budget. when push comes to shove on that, we don't know. the mayor, as you know, shot at donald trump during the inauguration saying that you know, you're not here to question the, you didn't get elected to question the number of people at your inauguration. you got elected to make jobs for people. then of course donald trump yesterday, the president tweeting that chicago needs to stop the carnage or he will quote, send in the feds. nobody knows what that means. maybe the mayor will shed light on that, neil, when he appears we think within the half hour perhaps. neil: jeff, thank you very, very much. jeff flock in chicago. a quick peek at the dow right now. look at media reports, very little mentioning about stocks running up.

in fact post this election watches continue wages of a barack obama rally. that was significant over his eight years you about the latest catalyst in this 11% jump in the dow since mr. trump's election does at least raise the possibility that he might have something to be doing with this but you never see it in media reports, more fixated, maybe because donald trump has made it an issue on things like crowd sizes and all of that. to daily caller news foundation editor. katie, what do you think of that? this is actually the president's doing. he wanted to revisit this issue, the crowd size issue and he gave the media distraction and they ran with it? >> exactly. i think donald trump needs to stop. sean spicer needs to stop. they need to stop talking about crowd sizes. he needs to stop tweeting 8:00 in the morning about voter fraud, he needs to stop. interesting thing about this media is so intent covering donald trump's tweet about voter fraud but had zero interest in covering jeh johnson and

department of homeland security, when they on january 6, had the measure to move all state election systems as critical infrastructure. that means they would be under federal purview. the fed had huge overreach of state rights. you didn't see media covering that, anything had to do with russia. there was this moment, jeh johnson is doing this, this is huge overreach. this is big news, no one cares. when donald trump tweets wanting to stop dead people from voting, wanting people to stop from voting twice and it is all over the world. neil: investors have choices, don't they? they can believe the media narrative or believe the outline of the president, right? >> right. neil: for the day and for the moment, maybe post his election they seem to be putting their trust and they're actually waging money on it what do you think? >> right. so again, i kind of want to say trump, stop tweeting.

you don't need to do that anymore. also you have to look at the media, say, this is the same thing they did during the primaries. this is the same thing they did during the general election. attacked him everything was negative. donald trump could never do anything right. se spicer mentioned that on his monday press conference, it is only negative coverage. after a while it kind of beats you down. no one liked it. "new york times" being bashed by its readers for negative coverage of trump, negative coverage of sanders. they look at it and say, this isn't going to work out for the media to continue to cover trump negatively all aspects all the time. people don't like it. they got tired of it during the election and will get way more tired if all they see from other outlets negative, negative, negative. neil: has to kill you to say that markets are ignoring what you're saying. good to catch up with you as always, katie. we're focused on the rally and

what is you know pinning it here. -- underpinning it here. when we come back, the read from the new york stock exchange why investors are going with this. by this i mean the trump administration agenda, maybe, maybe, not the media's. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade

neil: all right, we're racing away here. we're holding it still here. to fox business network nicole petallides on floor of the new york stock exchange. of course co-host of "fbn:am," when the futures were already indicating something would be happening today, sure enough it is. >> that's right. we saw those up arrows. we awe up arrows in asia and in europe. we really felt the momentum to the upside. a good indication at the opening bell we would see the dow 20,000. and we got it, neil.

there has been a lost optimism since trump was elected as our president and the road map has begun. traders say he is beginning the road for a better economy and the like. there is the dow 20,000. here are some dow winners today, boeing at all-time high on earnings beat. also an outlook to deliver more planes in 2017. that is up 5%. caterpillar, goldman sachs, up today. caterpillar at a two-year high. financials have done so well since the election. goldman sachs is a great example of that. it is up more than 30% since the election in november. jpmorgan up 22%. boeing up 18%. we're looking at caterpillar and american express as we hear about infrastructure jobs and like. we hear about up arrows. dow is at a record high. but also nasdaq and s&p as well. leave you with the hats, neil. i know you like looking at these.

here they are. there are multiples. this is dow 20,000. this was made in may of 2013, very optimistic. lou said dow 20,000. he really saw that. this is given out by new york stock exchange. foes up and down. hope it keeps going up. there is the design. cheers, applause, go ahead. neil:indeed. what are they telling you is driving it? trump agenda, is that it. am i missing something? >> no, that is actually exactly right. two things driving it. trump agenda and earnings and how well they have actually come in year overyear. the trump agenda using the phrase road map. he has begun to do exactly all the things he promised. he gets in office. right away he is getting executive orders. jobs, less regulation, rather than more regulation. less taxes which expecting rather than more taxes. given that earnings are also

coming in pretty great. neil: thank you very, very much. nicole petallides on the floor of new york stock exchange. they have three hours or so to hold it. when we come back another press conference, maybe who knows this will come up. or maybe they're still going after crowd sizes and stuff like that. not so much market sizes that are ballooning. huge. after this.

..

neil: we are waiting on a couple of things here for president trump you expected the department of homeland security right there within the white house waiting for a presidential briefing not involving the president of course, but sean spicer's press secretary both are presumably moments away when either makes the move, we are there. in the meantime, farmer reagan economic adviser and we have a market getting excited about a

lot of these economic plans. would he think of that? >> i think it's wonderful. thank you for having me on the 20,000 plus day. let me just caution people not to be depressed. you will see a lot of these 20, 21, 22, 23 and the next seven and eight year period, an enormous surge in asset values in real terms. it will be a wonderful era and you and i have been talking about this for a long time. cc policies go through and i can't imagine it better. you've got the alignment of the political stars. you've got a four-year runway for this president and this congress and he got the states, governors, legislatures and the supreme court. the sad. it is a perfectly fitting and the bar is so very, very low for trumpeted not only though economically, though politically

pure though politically. i thought we had a great deal in 1981. this guy has even a lower bar, which means i must anything he does will be right and create prosperity. i am very excited about the next eight years. neil: i always feel when the market to look at the half-full glass on the market is running up a great deal. it is fair and balanced as you know. here is taken turn that unlike the reagan example, much higher deficits and debt. secondly we have the federal reserve that doesn't see eye to eye certainly with this administration. paul volcker was just crack in the back of inflation about the time ronald reagan came into office and a little more than a year before the impact of the register. do you worry about a reserve that could race ahead, raise interest rates in this environment, good things, not

that means, but that could be the fly in the eye. >> i think what we need to have this in higher rates. if you're going to have a boom that will last any length of time, you need to have a tip shield somewhere in the 2.54.5% rate. potential is the expected real rern othe unit of pital over a ten-year period. you've got to have a high expected real rate of return on capital. if you get back to% to 4.5% tip shield, you'll have to have the ten-year bond at 4.5% to 6.5% in eight months. that is the perfect scenario. neil: 2.5% in the moment i'm speaking to you. >> three percentage points in the next year and a half. i think it will be beneficial. >> you and i can remember a time when they were much higher

yields than not. but as you know, there's a lot of young people today. it lets you recognize that mistake when you make it again. but in all truth, we had it down to the right level. they had discourage capital from going into the housing market. the investment market and those rates coming in and making a farmer track is, bring it back to a supplier but we need to have. coming up from way to hide what we need now are way too low and once they get to the middle range, this economy chugs along for a long period of time. >> sean spicer at the white house. never senate could come off the

market. >> as soon as he gets going over there i'm going to wrath. a little while together. we will try to make sure the deference to his remarks indicate there will rapid. after briefing yesterday the president brought leaders together to discuss his next nomination. it's an incredibly productive. as you can see from the president tweet he will announce the nomination thursday. the president spoke with prime minister modi. the united states continues to consider india a true friend and partner in addressing challengers around the world could do to discuss opportunities to strengthen partnership between the united states and india and a broad area of the economy. they also discuss security in the region of south and central asia. president trump and prime minister sent to resolve they should stand shoulder to shoulder in the global fight

against terrorism. president trump looks forward to hosting the united states later this year. the feeling one of his most significant campaign promises to the american people by making america safe again and approve immigration enforcement by the united states. the present is designed to executive orders. secretary of security. the first order as the border security and address his long-overdue border security issues and is the first order to result a large barrier on the southern border. building the barrier is more than a campaign promise. at the first step to securing our border. this will stem the flow of drugs, crime, illegal immigration into the united states and one way or another

the president has said before mexico will pay for it. they also provide the dedicated men and women of the department of homeland security with the tools they need, the tools and resources they need to stop illegal immigration from the united states. under the constitution, the american people at the final say who can and can't enter our nation and as pokémon and clearly to our laws. we create more attention space for illegal immigrants on the southern border to make it easier and cheaper to detain them and return them to the country of origin. lula and the last administration dangerous catch and release policy which has led to the deaths of many americans. but once again prioritize the prosecution and deportation of illegal immigrants and violate our laws. after these criminals spend time soon prison, they will get back one-way tickets to the country of their origin and their governments will take them back. the second executive order enhancing public the interior of

the united states addresses the enforcement of her immigration laws in the united states. and returns the power and responsibility to the dedicated men and women the department of homeland security's immigration and custom in orson to help them enforce the law. these men and women want to enforce the law ever going to help them do that. better latencies are going to unapologetically enforce the law that it sends her best. we will restore the popular successful secure communities program which will have agents target your immigrants. the state department will use other tools to make sure countries except then returned to criminals that came from their country. we will ensure this country if take them into the fact answer federal grant money in the sanctuary state that harbor illegal immigrants. the american people are no longer going to have to be forced to subsidize this disregard for allies.

the immigration system has been at the top of the priority. think vietnam with the final first week -- just in the first week. the last administration will enforce the rule of law and restore value to the greatest asset in the 21st century. rest of the day scheduled this morning started off in the oval office carrying out some official duties. this morning he had the honor to greet now ambassador to the u.n. nikki haley and his office in the ceremonial office. the track record of bringing people together regardless of their background or differences to create opportunities for veterans day in our nation. president plays ambassador haley to the best of my knowledge at least is our nation's first indian american cabinet level officer. that's a big deal for indian

americans throughout this country. and now she's able to get to work representing our nation as their nations top diplomat. just a few minutes the president will be departing the white house to visit the department of homeland security and attend the swearing-in of secretary kelley to meet respecting a timely efforts in the southeast and conduct other related business specific to keeping our nation safe. secretary kelley odicated his life to protecting our untry are listed in the marine corps in 1972 men in every level from platoon commander to the combatant command. he has a sincere commitment to fighting the threat of terrorism inside of our country and ending the dangerous illegal immigrants reporters. the president looking for to working with secretary kelley to implement his plans to restore borders and protect our country. for everyone keeping score at home, this brings us up to four total confirmation of her cabinet level appointees and as a reminder of the obama

administration had 12 done at the end of their first week. needless today, senate democrats should continue to spend some quality time getting our nominations moved out of the senate. this afternoon the president will have his final event, public event by speaking on the phone with mississippi governor brian and discuss formerly from recovery efforts underway mississippi and any hope the governor needs from the federal government. today the president also announced the appointment of an incredibly qualified team to serve under the guidance of white house to address compliance and ethics matters. the team consists of deputy assistant to the president and deputy general counsel of the president. scott gaston jim schultz as special assistant to the president council. together these esteemed lawyers have decades of experience in political council serving members, members of congress and federal agencies. the appointment of a team of

this caliber at such aigh level reflects critical importance of ethics compliance to president trump in his administration. stephan has received the highest praise from party leaders of both sides for whom he's worked with. this former gingrich said, no one understands the ethics process better and if you saw the president is looking into various options. on thursday he will travel to philadelphia for a retreat with congressional republicans where in addition to the fm legislative agenda will also provide an update on the actions he's taken in the next few days. finally before you asked because i know is an issue near and dear to me. i was asked yesterday about the status of the invitation of prime minister kenny from ireland to visit the united states on st. patrick's day and i'm pleased to announce the president has extended the invitation. it happened during the transition to your look forward to the prime minister attending. with that, i would have to take

questions. >> can you shed any light on this draft memo going around about interrogation assist? >> yes, i could mind a lot. it is not a white house document. those who have reported on it, and this is not the second day without a document that is not a white house document get reported on as a factual document. it is not a white house document. i have no idea where it came from, but it is not a white house document. >> was attracted in the first place? >> now. as i said, it is not a white house document so i'm not sure where it came from or how it originated that it is not a white house document. i don't know how much clearer i can say that. >> with regard to the executive order the president will be signing today with regards to the wall, it's been estimated --

[inaudible] also, two days ago you were asked about dhea. some of the dreamers have lots of questions regarding what is their future. those have applied for renewal, the application process. in regards to stripping funding from the sanctuary city, what funding are we talking about? >> thanks, laurie. with respect to the last part of that first, with the executive order does is directs the secretary to look at ways, look at funding streams that are going to the cities of federal monies and figure out how we can defend the streams. part of this is a directive to the secretary to look at those funding streams and figure out how they can be cut off. that's what the actual order of

directions do. with respect to daca, we will have further dates on the president immigration are there in the week. as i mentioned before, the president will talk about an interview tonight that his priority first and foremost they seek to do and he understands the president understands the magnitude of the problem. he has a huge heart. and he understands significance of this problem. but he's going to work directly to his team to make sure that he respects the situation that were brought here. priority with respect to immigration is first and foremost making sure people in this country that are seeking to do us harm have committed a crime at the forefront of that.

>> i think the president's working with congress and other folks to figure out opportunities for that to happen. a lot of funding mechanisms to be used. the goal was to get the project started. the department currently has. again, we are here at day three. he aissuis brought up several times with coness and making sure we understand they need to make sure that's included in the appropriations process. >> to have more of a readout of yesterday's meeting but the supreme court justice. and has the president whittled it down. >> the president has not whittled it down to the extent he's willing to share with us.

he's going through the process. he has a conversation with simon and leaders today about the advice and macro getting their ideas and the principles they expect. the qualities and values he expects on a judge. i'm not going to go further, but it's a very instructive reading. [inaudible] if there is a broader mandate going on about stopping all things coming from those agencies. >> absolutely not. in some cases over the weekend,

somebody with a non-opera's user has pastors in the san francisco office went in and started retreating -- we tweeting. so remember, i know this happened in the epa in social media contact. the epa violated the intake efficiency act a year ago and inappropriately marketing policies of president obama. there's a couple of agencies that have problems adhering to their own policies. i would refer you back to them as to why those are happening. i know they are taking steps in both of those two cases to address inappropriate use of social media. >> has the president reached out to any law-enforcement authorities in his step for last

night? during the transition and expressed to him his support to the city and needs to deal with the crime and killings that are occurring in chicago. when president obama was speaking his farewell address, two people were killed the same day the president was in his home city. the president-elect at the time extended his support to mayor emanuel to say the resources of federal government are here for you. to the best of my knowledge, the return call for help has not occurred. [inaudible] the >> win, i will get to you. i was very enthusiastic and i appreciate it. you're getting an award today. >> for the record, i very much appreciated. you mentioned this morning the news again that he wants to launch in about edition in the

2016 election. >> not just in 26 games. in terms of registration we've got folks on roles that have been deceived or move to register. this isn't just about the 26th election. this is the integrity of our voting system. >> can you back up to what he sent out this morning, the people who are dead or still on the rolls. attorneys representing the president-elect during the recounts in several states emphatically stated all available evidence suggests a 2016 election was not tainted by fraud. >> there's a lot at stake we didn't compete in with a not necessarily the case. i'm not sure the statements we didn't look at those two states in particular. the president has noted before he campaigned to win the electoral colleg not the popular vote. he campaigned in places like iowa and extensively to win maine, too. if you would win the popular vote, you don't spend with all due respect to my brothers in

new england, and you don't spend that kind of time to get one electoral vote. who would've campaigned more in california which he did and more in new york which he didn't. they are big states, very popular state in urban areas we would've spent more time campaigning, but he played the game according to the rules of the game. that being said, when you look at where about a potential, a lot of these issues could have occurred in bigger states, that's where we will vote. there's more on batmobile but to examine further. >> may i ask one more question about the epa and other departments told to cease and desist in terms of social media. >> just to be clear, i'm not saying that. hold on. zero. i think i need to make sure we are clear on this, john. there have been directed by us to do anything.

from what i understand, they've been told within their agencies to cure to their own policies. the directive did not come from here. >> does the president believe that these agencies in the federal workforce has become politicized? >> i honestly don't know we spent a ton of time taken about that. we've been fairly busy on other things. it's a good question. i've not often that question. our focus has pretty much been getting the job done since he's the most demeaning to god, union workers, auto heads, other business leaders. his focus is much more focused on getting the job done in various tweets. i'm sorry. lynn sweet. not that i want everyone else to -- encourage upon us to do that. >> president trumpets talked a lot about it, my question is that chicago doesn't fix the carnage i will send in the feds. could you share with me what is the nature of the federal help

the president has in mind. long forced me a chance. what factors will determine -- after the meeting at trump tower he did tell them things they could do. >> i think what the president is upset about is turning on the television and seeing americans get killed by shootings, seeing people walking down the street and getting shot down. the president of the united states giving his farewell address in two people being killed that day. when you look at a city like that, he's had conversations with loose officers in chicago and asked them what is preventing you from solving this. in many cases issues can be resolved will help them do their job better to keep the people of chicago safer. at he wants to do is provide resources of federal government

and can spend a bunch of things. there can be a was requested after the governor through the proper channels that the federal government can provide on yvonne force that basis. other aid can be extended through the u.s. attorney's office or other means that will ensure the people of chicago have resources to feel safe. that's what he means. part of this no american whether you live in chicago or nebraska shouldn't feel like you could want on the streets of the city, the streets of the city in this country in fear for your life. too often that is happening in chicago. [inaudible] >> nexus will hopefully get a dialog started with mayor emanuel to figure out what a password can be so that we come up with a plan that can keep people of chicago safe and help ease the problem there. >> to mexico's government has knowledge the executive order

would be signed today and you feel president trump will be on the same page after they meet next week in terms of who's paying for the wall? >> i hope so. they are definitely going to have not only not dead, but the law. a lot of trade goes between the two countries. there sends security, homeland security issues but no question they will be big on that list and trade overall. with respect to your first question, i don't think we generally telegraphed to people coming to visit with executive orders are going to say. >> i want to go back to that executive order with restrictions for handling detainees it has the president been that? >> the one deciding? >> the draft executive order that would undo the restriction on how to handle detainees. >> i'm having a hard time. you're asking me if the document is not a white house document using. i would ask this is the second

day in a row we are getting asked about documents floating around and people singing frankly reports being published attributing documents to the white house that are not white house documents. i'm not saying you. the best of my knowledge he has in it. he's got a lot of other things going on. >> if it is floating around come and see considering -- >> i'm not going to start answering hypotheticals about documents floating around. kristen, we are going to end this right now. hunter. hunter walker. >> president limited to legal access to the country for the soldiers in refugees from libya, sudan, syria and yemen. will he be taken steps that will affect people from those countries already here including registering them or implications? >> the president talked

extensively about extreme fighting. today you'll see more action than keeping america safe. this is talked about in the inaugural address in the campaign. as we get into the implementation of executive order we have further details. the guiding principle is keeping this country safe and allowing people from a country that had the propensity to do us harm and take the necessary steps to ensure the people who come to this country especially where areas have a predisposition or a higher degree of concern, that we take appropriate steps to make sure they come to this country for all the right reasons. we'll have further information on that later this week. >> what is the ultimate goal and essentially is that the president questioning the legitimacy of his own election? >> voting is the most sacred right that we have as americans. this is the hallmark and foundation of our democracy.

to ensure that we know that every person's vote count equally as the next citizen is probably one of the greatest things we can do. >> part of the reason we need to do a study is to say i don't want to start throwing out numbers, but there's a lot of people dead, people that are on the rolls in two different states. sometimes three different dates. taking the necessary steps to study and track what we can do to both understand the scope of the problem and secondly, how to stop the problem going forward is something definitely clearly in the best interest. >> thank you, sean. two brief questions. first, congressman todd, the vice president in the state of indiana himself a former secretary of state is the father of tha with the supreme court. he has long advocated the

positives about the voter i.d. is that something the president would get behind to achieve. >> the president's number one goal of a state that implemented a very successful voter i.d. program. that is what the president -- one of several things. the first step is for him to get, you know, i don't want to call it a task force because it's not there yet, but the effort underway that could look at the scope of the problem. and maybe make some recommendations. right now we've got 50 states and the territories that all have various different ideas and compliance issues to make sure. part of that is to figure out the extent of the problem. in some states what it takes to get a drivers license might be an issue. i think we have to understand where the problem exists and how deep it goes and suggested remedies to it.

right now to prejudge the process that started it in front of the need. >> next week at the national prayer breakfast sanctuary cities and sanctuary counties to ahead, keep your money, we don't care, we'll harbor illegal criminals? what do you about countries pretty much the same thing, won't allow people to come back into their countries? >> i think the first step, paul, is a funding piece. this is multistep problem. why you started to see different executive orders roll out. there is congressional piece we have to do legislatively. to the extent the president can identify areas that he can

handle with an executive action, and orders and memoranda, to get, start curbing the problem of executive, illegal immigration, but also again it is about, we talked a little bit about yesterday in terms of funding. there is a taxpayer issue here. the american people are out there working and havingtheir money sent to places folks not in this country here illegally and sent to cities that is a part of it. that is not a one step solution. you have the wall. you have some funding issues. you have the vetting but it is not a one step process. it will be a multitiered, multistep problem. >> sean, on the supreme court what are the president's views of judge gorsuch? he is a name -- and does he should be someone in late 40s, early 50s as a way of leaving

his imprint on the court? >> there have been several names floated out there. he put at the list a while ago of 20 or some that is where i would look. i'm definitely not getting ahead of the president on this but i would suggest to you that the people on that list he put out during the campaign represent the kind of people that he is not just going to represent, not just going to nominate for the supreme court, we have well over 103 vacancies at federal level and appellate level. that will continue to guide him. margaret. >> sean, one point of personal privilege, when we get the executive orders when he makes announcement. >> will tell you this, with margaret. i was told the president about to speak. i will get you executive orders asap. just for guidance purposes, we will, gaggling tomorrow on air force one. thank you very much. we look forward to seeing. bye, guys.

neil: all right. i rudy interrupted jessica vaughn. center for immigration studies. when you hear, this jessica, obviously an aggressive back and forth with the press that is to be expected, with this president, more than i can remember other presidents, how did you think that went down? >> these executive actions the president is signing today are a big deal but a lot of these reporters didn't really want to focus on that. they're going off on other tangents. this is a huge first step in restoring integrity to our immigration system that is long overdue. because the obama administration worked so hard to dismantle enforcement and impose restrictions on border patrol and i.c.e. officers, these are a big deal. i also noticed these reporters still want to talk about what is going to happen to illegal aliens with work permits through

daca, as if that is the most important issue. but in these enforcement issues, and securing the borders, ending catch-and-release, and going after criminal aliens are much more important in the overall scheme of things. they will make a bigger difference in our communities. that is why people voted for donald trump, because they expected action on these things. neil: there is talk that this is sort of like the opening salvo to do more sweeping things and that would include temporary ban on refugees in general. claiming the muslim brotherhood as an outright terrorist organization. as this escalates or potentially escalates, play this out for me. what's going to happen? >> well, with respect to the refugee program, what donald trump has said all along is that, and, this has been confirmed by, you know, our top intelligence and law enforcement

officials, that currently we can not be sure that people that we are letting in from places like syria can be vetted. we do not know, we don't have the ability to make sure that it is safe to let them in. so it's prudent to put a halt to that until we come up with a better vetting system. and we may not be able to come up with a better vetting system or adequate vetting system for for some of these groups. he is taking a logical first step to not let anymore people in from areas where we have concerns until we can fix the problems and identify the problems, and so i would see this as you know, a logical, common sense first step, not necessarily just the tip of the iceberg. neil: you know, jessica, separately we do know the president did an interview with abc, and in it this back and forth about the wall and mexico, who is going to pay for it. i want you to react to this.

>> will american taxpayers pay for the wall? >> ultimately it will come out of what is happening with mexico. we'll be starting those negotiations relatively soon. and we will be in a form reimbursed by mexico. >> they will pay us back. >> absolutely, 100%. >> so the american taxpayer will pay for the wall at first? >> all it is, we'll be rei reimbursed later date whatever transaction we make from mexico. neil: reimbursed at later date. that leaves open tariff on mexican goods to pay for this, but it could run into billions of dollars as you know. mexicans say that is not going to happen. where is this going? >> well, you know, obviously getting the wall and other infrastructure built is a top priority. so the president doesn't want to wait until we can collect enough in remittance taxes or other tariffs or visa fees or crossing fees or whatever.

wants to get started. i think the, that, taxpayers are going to be fine with having the money appropriated by congress first so we can get going on it. knowing that, you know, failing to stop illegal immigration is much more costly than building this wall and improving other aspects of immigration security are going to be. i don't see that as a problem. i expect he will make good on miss promise to get taxpayers reimbursed through these other revenue sources that are out there, not giving out tax credits to illegal aliens making claims on children they may or may not have. there are lots of way to pay american taxpayers back for the cost of the necessary project. neil: actually quite a few. we'll get into that a little bit more detail. jessica, thank you very, very much. jessica vaughn. president trump arriving at department of homeland security,

he will be signing on that venue, at that venue, executive orders reining in refugee influx issues and maybe this whole wall thing. a after this. at angie's list, we believe

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neil: all right. president trump already signing executive orders on boarder security. one of them just moments ago, connell mcshane, with an update on exactly what that means, what he signed, and how quickly he carries off what he signed. connell? reporter: border security measure already signed and waiting for video to come in to us from the department of homeland security venue where this took place. sean spicer, the press secretary, outlined for us in just wrapped up news conference in the white house briefing room talking about building a large physical border along the southern border. this is a border and immigration improvements put together in this particular executive action. now there will be some time and

space to your point before the wall is physically built. in the abc interview that will air tonight, the president talks about getting it done or at least getting construction started in a matter of months. months was the phrase he used. he as you talked about early on your show talking about the payment coming in one form or another from mexico via reimbursement. the second executive order we're expected to hear about the event at the department of homeland security deals more with sanctuary cities. the way it was, enhanced public safety in the interior united states but the idea of doing somethg about sancary cities, neil, with holding funding from these cities looks to be something the president is working on today. again we heard a little bit about it from mr. spicer. perhaps we hear more when we get video or pictures from mr. trump here. neil: connell, always in the details, one of them, it is not a minor one, how much it costs. it will be many billions of

dollars. >> right. neil: there are only some ways you can raise that kind of money or get it from mexico. some have talked about visa taxes. others are saying in tariffs, maybe both. what are you hearing? reporter: step by step, we start with paying up front with united states allocated funds. some of which may be already appropriated. president through executive action may have authority to do something with those funds but there may be more funds. this depends on how, you know, big of a wall physically they want to try to go forward with building along the border. you know, what type of a wall they want to build. then you have to go to congress to get fund that haven't been allocated to be appropriated through the congress. once you do that, now you have to go back to mexico. i think every time the president is asked about it, whether he was asked about it when he was president-elect or today by david muir, maybe we'll see more of interview tonight as he is president, he talks about not necessarily being reimbursed

with a direct payment but, in today's phraseology was in one form, that i think you were right to bring up tariffs and other things but seems to be each time that he is asked about it in an interview he uses that type of language indicating some sort of a negotiation will take place. then the form of payment won't be traditional payment where there is a check written by the government of mexico to the government of the united states but a tariff or something akin to it the way we get the money back, at least that is the idea. neil: this gets back to a bigger issue even when it comes to tax cuts. you and i chatted about this when it comes before, there is by republicans we might go into deficit early on to get more bang for the buck later, talking about big tax cuts or revenue for that undo the road, you hope, or variety of other measures, including infrastructure spending the president is keen on. sounds like his potential troubles might be at least in

the early going with members of his own party than democrats. reporter: with deficit hawks, they might very well be. i mean, even when you look at the stock market in today's lead story, is the dow at 20,000. a lot of that speaks to the point that you're making that, you know, there is optimism, there is going to be, and the phrase used over and over, there will be pro-growth economic policies put in place. that means lower taxes and less regulation, and certain extent means more spending what are described by the wall street types right type of spending and infrastructure does fit into that. that is why we see stocks affiliated with companies that would be involved in infrastructure doing well here lately. we probably would expect to see that. now, to the other side of that, we saw this i think to some extent in the cbo report that came out yesterday, is you can't, this sound like a broken record type of conversation, but there is some truth to it, you can't keep going on this way forever, right? whether it is alan simpson and company in the lasted a administration or others may

look at it in this administration, there would be some reckoning of hey, how are we going to pay for this. we don't hear a lot of that now, do we? neil: no, we don't, that is where the battle royale might be. connell, thank you very, very much. >> all right. neil: stocks are still over 20,000. the key here is closing over that level if it does do that. took us 42 days to do it. the second quickest 1,000 point leap in history. after this. after this. one? le on options strategies. i won't let this accomplishment go to my head. get help on options trading with thinkorswim, only at td ameritrade. whfight back fastts, with tums smoothies. it starts dissolving the instant it touches your tongue. and neutralizes stomach acid at the source. ♪ tum -tum -tum -tum

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the condition much president h.w. bush. we can happily spread this along. he continues to improve. he is recovering from pneumonia. doctors say he could go home in the weekend. he and barbara were saying we got to get home. super bowl is in houston. we're waiting president trump's comments meanwhile following new executive orders. he is at homeland security office there is signing one measure that will tighteborder security and host of others. he is a busy bee with all of this stuff. kennedy is following all of that. what do you make how he is off to this? >> i think it is great, i really do. even if there are some of these executive actions that you disagree with, he is still fulfilling campaign promises which is something presidents rarely do. if you remember one of the first five executive actions that president obama signed, it was to close guantanamo bay. neil: i remember that. >> didn't happinessly. neil: he signed an executive

order or memoranda. i guess there is difference? >> there is difference, executive action is the umbrella term. executive orders are the numbered piece of paper that actually go into a federal record. then the memoranda, that's the loose sy goosie stuff. it still has almost as much league weight as executive orders but that is where you can sneak stuff there. that is what president obama did, much more difficult to quantify. neil: i was really interested in the detail. >> if i told you about andrew jackson and the log cabin they brought to the inauguration? neil: that is great. but media is fixated on this i noticed that there was not a single question in the spicer press conference on the dow. i might have missed it. dow is racing ahead. investors are psyched it is going on. reporters not so much. it's a little weird. >> they don't want to see correlation unless there is a democratic president. but it does se to be vy