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tv   After the Bell  FOX Business  February 3, 2017 4:00pm-5:01pm EST

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why? because worn by tom brady. hunt auctions, the price of this having been worn, i can see dirt on it, $50,000. speaking of big numbers, nasdaq closing at record highs. [closing bell rings] dow back above 20,000. there is the closing bell. david and melissa, we're signing off from houston for "after the bell." david: what a super day. markets closing out the week with a bang. the dow ending up 180 point. ending well above 20,000, having the best day since december. nasdaq closing at brand new record high. s&p and nasdaq both higher for the week. what a great week. i'm david asman. thanks for joining us. super week. melissa: i'm melissa francis. this is "after the bell." president trump giving stocks a huge shot in the arm, meeting with the biggest business leaders in america to address their most pressing issues including tax reform. then the president took the first steps in scaling back financial regulations. adam shapiro is on the floor of
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the new york stock exchange. adam, what was said at the white house today that had such a big effect on the market? reporter: promise of rolling back some of dodd-frank regulations that kept banks from lending to small businesses. we saw that with the executive order. when you talk about the dow having its biggest gain in two months. the fact that financials were leading the dow up, that sector and the dow was up almost 3%, you can't ignore the fact that they liked what the president did today. look what happened here. visa, for instance, up 5% today. they had a much better-than-expected earnings report. investors clearly like that. goldman sachs, jpmorgan, american express were all up today not only on that news. then when he signed the executive order you saw the dow pump up. other banks that did well today, morgan stanley citi, they were all up. regions financial. but other, stocks today, might have got lost in thehuffle because of what the president did was macy's. there was a report in the "wall street journal," that
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canada's hudsons bay is talking to macy's about a possible takeover. macy's didn't do so well last week. they were bumped up today. they were up as much as 10% on that news. so it was a good day all around, not only for a retailer but the banks as well. melissa: adam. david: great week for stocks. not a bad week for gold either. here is a good look. settling 1220 an ounce. it ended the week up more than 2 1/2%. this is the biggest weekly gain since way back in june. it got a big boost from a sinking dollar in the wake of a very positive jobs report. we'll have more on that in a moment. melissa: wall street taking notice when president trump and the head of his economic council announced tax reform is on the way. >> we're doing it. we'll be coming up with a tax bill soon, a health care bill even sooner. >> we have to clear up some part of obamacare and health care before we can do taxes but we're not waiting to get health care done.
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we're working on taxes simultaneously. so we're going to push these things through as quickly as we possibly can. melissa: so tax cuts coming soon, maybe not right this minute. the priority is replacing obamacare. there you go. forbes media chairman steve forbes, veronica daguerre of "the wall street journal" and "barron's" senior editor jack how joan me now. what do you make of this? >> makes sense. every program in america is buried in the tax code. you have to do one before you do the other. look, i have said before, i'm happy to see what comes next after obamacare. the answer isn't the insurance. the answer will be something to drive the costs lower. i have heard president trump talk about getting drug costs der control. that gets me more excited. messa:teve forbes, nothing gets me more excited than tax cuts. david: me too. melissa: first, first! >> well, tax cuts are good but the key thing is in this tax bill they end up proposing that they don't have this crazy 20%
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national sales tax on imports which would hit the american consumer, working americans, $125 billion a year. if they leave that crazy thing out this will be extremely positive. do what reagan did, what john kennedy did, have a massive tax cut. you will start to see the economy move and make it retroactive to jan 1. budget people will gag. americans see right away they're getting something positive, that is good for them. good for the economy. melissa: veronica, i thought the import tax was all talk but i learned the past two weeks nothing is all talk. >> nothing is all talk with this president. we can't take anything for granted. when it comes to tax reform i think republicans have their work cut out for them. they have got different parts of the party aren't necessarily on the same page. so consumers and people, wall street are want to know what the corporate tax is going to be, what deductions are going on the wayside. and how within their own party, how are the republicans going to please the deficit hawks?
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they're not, some people not exactly enthusiastic on idea of tax cuts without budget cuts. melissa: absolutely. that is one of the hurdles to get over. some say tax cuts pay for themes systems. >> not necessarily today and just for the rich people. rich people don't spend everything they earn. they take extra money to save it. if we get tax cuts to flow down to lower income folks. great thing about lower income folks they spend everything. if you get them more money, they will spend it, spend it on someone else's job. that person will get help. that benefit will multiply through the economy. we have to see where the money goes through the economy. david: i'm with you, any tax cut is a good thing. boosting stocks the biggest gain since september in trump's first month. january stellar jobs report as the economy added 227,000 jobs.
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it smashed expectations of 175,000. about 30% better than the expectations. this as japan's prime minister saying his country is going to show unwaiverring alliance, his phrase, planning an investment in the u.s. that he claims will create close to 700,000 jobs. steve, i'm wondering how he can make this claim? >> well, i think they're in an environment where they want to have, to be blunt about it, some happy talk. the japanese economy has been troubled even though they have periods where they look like they're recovering. they are never able to sustain it. the u.s. economy, are we finally getting out of the second gear rut we're in? also japan's very worried he specially when the trans-pacific trade deal got scuttled by president trump of the. japan is very worried. will japan be a long-term player in the pacific? he wants to do anything possible to strengthen that alliance
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japan alone is ultimately a japan goes for nuclear weapons. nobody wants that. david: jack, in light of the problems japan has been having, how can they gin up the money for 700,000 jobs here? >> in japan's economy there is so much waste. one of the things as a stock investor, one of the things you ought to be excited about in japan, we've had cost cutting and efficiency drives for decades here. they haven't had it in japan. they're only starting it right now. there is so much room to make more machine any in the economy. i think they're doing the right thing getting ahead in the u.s. benefits coming into the u.s. what a radical thought, hey if my trading partner gets richer that gets good for me. i could do more business. i wish every world leader was saying similar things. david: because of slowdown in japanese economy, they have had three decades of slow growth, wouldn't there be political outcry if they focused on 700,000 jobs here in the u.s. without addressing jobs in japan? >> right, you would think that to be the case.
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that is going to be for the japanese prime minister to deal with. not president trump to deal with. what is interesting about i want to see what happens in the future. we have got the japanese prime minister coming in to offer up jobs to us. what other countries start doing that? david: that is true. >> could be an exciting time for the united states as some countries try to ingratiate themselves with the administration. david: steve, look at the positive side. maybe all the talk from the bully pulpit will bring hundreds of thousan of jobs from foreigners here in the united states? >> key thing is, david, the administration and congress follow through with those massive tax cuts, starting on the corporate side, reducing that from 35 to 15, so we become a big ireland. ireland is 12.5% tax rate did wonderses for that economy. 15 will do wonders for us. other tax cuts for individuals. create the right environment like reagan and kennedy did, money will come in, no matter what political leaders say and do. david: our panel will be back. we have a real treat. an interesting debate, what even
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moved the markets in the jobs report in my mind anyway, president trump signing two executive orders, both aimed at rolling back financial regulations. our own blake burman standing by at the details and then the debate. blake, go ahead. reporter: hi, david. the headline out of the white house was that executive order surrounding dodd-frank. the white house not saying this is full roll-back of the dodd-frank law. rather than an executive order in which the next few months the president directed the treasury secretary and look at dodd-frank and report on issues surrounding it, all of it dealing with regulations, burdensome regulations they might identify within dodd-frank. secondly there was also presidential memorandum that was sent out involving the fiduciary rule that was supposed to go on the books for the department of labor in a few months time in april. that too has been put on hold for a period of study. here is president trump talking
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about both earlier today. >> today we're assigning core principles for regulating the united states financial system. couldn't get much bigger than that, right? reporter: for dodd-frank, to be clear this is an executive order. dodd-frank is a law. i asked white house press secretary sean spicer if the administration would work with congress to further enact potentially more serious changes involving dodd-frank? here he was. >> dodd-frank has not, has been both a disaster in terms of the impact it has had, but also hasn't achieved the goal. i think we'll continue not just to act through administrative action but through, through working with congress to figure out a legislative. reporter: david, i asked mr. spicer if they are considering, the administration is, a full repeal of dodd-frank. they would not go that far to say the executive order is on this i today.
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they would be looking down the line to work with congress to do more. david: who knows what will come. anything could happen. blake, thank you very much. steve forbes is back. joining us bart chilton, former commissioner of the commodities future trading commission. if you're wondering who the heck invented dodd-frank, this is a guy created 65 rules in dodd-frank. chilton, you have explaining to do. >> i'm the problem, right, david? david: i understand, you're proud of your baby, or at least 65 points of the baby of dodd-frank but there are unintended consequences of regulations. you admit that even though you created some of them. isn't one of the unintended bad consequences of dodd-frank the fact a lot of small regional banks have been hurt and companies that rely on those banks have also been hurt? >> you're exactly right, and that is e i agr wh you 100%. these larger institutions, sifis, the acronym, significantly important
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financial institutions, systematically important financial institutions those are large banks. those guys i think can handle increased regulation. but it is these community banks, pretty much, david, those with less than $10 billion, those are the ones that i really worry even hiring one or two individuals can mess them up. david: let me ref you up for the debate with steve. what do you think is the best thing about dodd-frank? >> well, i mean, steve knows of all people, you know, it is great to be on the campaign trail talking about getting rid of regulations. there is no cheering section for any government regulations. but the over-the-counter markets, that is where risky bets were taken and they were completely, zero, zip, nada regulated prior to the great recession. people took big institutions took large risky bets and that put us in the calamity where we had to bail them out. that was taken care of. those markets are now regulated. david: steve, are you willing to
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concede that, at least some of the unregular, underregulated parts of the market are regulated is a good thing. >> what really did in the banks what happened in the housing market and ultimately david, the weakening of the dollar which gave a false commodity boom, false housing boom and crisis, the basis of it, was bad bank loans which is the basis of ever financial crisis and banks knew there were consequences for it, they would have been more careful of it. but having, not regulations but where the practices were, 40, 50 to one debt to equity ratios were absurd. some of these institutions should have been wound down. if you didn't have that weak dollar, david, never would have the commodities or housing boom. david: bart, the fact the whole process is clogged up by these regulations do you accept that fact at all? >> some of it. and here, there is a little bit of of kismet with steve.
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i agree on housing part. it was those bad loans, then wall street because they were unregulated in the over-the-counter market had bets upon bets upon bets. it was a shaky house of cards that they bet upon. and they could bet and they were backed by the darn government. so that is what we want to stop. david: steve should those stop or be regulated by dodd-frank? >> the financial sector was regulated quite extensively before 2008. this assumes regulators before the fact can see what, how things can go wrong. this was considered in some circles great financial engineering. we know how to slice and dice these things. you choose how much risk you wish to take, kaboom!. they could have been stopped before that. the regulators had the power. but the regulators were as clueless as the banks. >> no. they didn't, they didn't have the power. they didn't have the power. look this goes back to the clinton administration allowed what they called principle-based regulation. they couldn't stop it. they didn't have the law with
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them. i agree on that part but disagree on other part. david: too much agreement. steve, you will stick around. melissa: bart is reasonable. that is the whole thing. dumping president's daughter, retailer nordstrom has enough of ivanka trump's clothing, discontinuing from their spring line, citing weak performance. veronica, i was surprised about this one, because you remember the time around rnc, she wore a dress from her line. i remember it was sold out the very next day. i mean this is a line that a lot of people buy. so i don't know if i buy their explanation. what do you think? >> i don't know what to think either but i do know retailers are in a tough spot because they have got protesters if they sell it. they have got protesters if they don't sell it but what is interesting when you think about the protesters, especially women who are not buying the clothes, there is irony here because ivanka may end up being one of the greatest advocates for women
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in washington wht comes to equal pay. melissa: right. >> and paid leave and so, there is a disconnect potentially. melissa: no, it is interesting too because if you look at them, not that i shop online all the time every day, but if you look at other brands, they have, you know how they give names to shoes and dresses and stuff, there is a ton of stuff called ivana. lily pulitzer has retail bag. retailers see a plus somewhere along the way. steve, what do you think about this one? i know you're very big into women's fashion. >> having five daughters i got some experience. melissa: that's true. >> certainly when the bills came in. melissa: yeah. >> but in terms of nordstrom, sadly they gave into political pressure. they didn't want protesters. they thought that would hurt traffic with people who couldn't care one way or the other. melissa: yeah. >> they give in to political pressure. too bad. bad on them they didn't have the backbone to say, hey, let the customer decide. melissa: very interesting. to our panel.
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thank you so much. great stuff. david: coming up paris on edge once again after a terror attack was thwarted at the famous louvre museum. what we you now know about the attacker will shock you. melissa: president trump has put iran on notice and now he is backing it up with action. the u.s. slapping iran with new sanctions. we have lieutenant colonel oliver north joins us with his take. david: another liberal campus erupting with chaotic protest. conservative speakers hit with pepper spray at nyu. college republicans speaking out all over the country about the threats they are now facing. we'll be speaking with one of them. >> we're out here in order to let nyu, nypd and new york city know we will not sit back and allow nazis to have a platform to feel comfortable in order to organize and mobilize for our extermination. [ alarm clock beeping ]
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david: police in california investigating an disinvolving a man who threw an explosive device into a cheesecake factory. witnesses in pasadena saying the suspect tossed the device into the building. ran away. the makeshift bomb went off. it filled the restaurant with heavy snoke. fortunately no one seriously hurt. melissa. melissa: wow. breaking news. officials justified -- just identifieded person behind the louvre museum attack. he is an egyptian man that arrived days ago. benjamin hall with the latest. reporter: this attack was fortunately foiled by security services but no doubt it was targeted at tourists in very heart of paris. at 10:00 the attacker was stopped entering the louvre.
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he was carrying two backpacks and was acting suspiciously. he launched a the officers with two machetes shouting "allahu akbar!." he was shot five times and now in critical condition. he is 29-year-old egyptian that arrived from dubai. he was not known to the authorities. the area around the louvre was evacuated immediately. no explosives were ultimately found and museum will reopen tomorrow. french president francois hollande praised the officers, saying they prevented another terrorist attack in the cap tale. the soldiers were a four-manned armed unit, part of special force of 3500 soldiers who patrol major tourist sites. president trump tweeted about the incident. a new radical islamic terrorist attacked the louvre museum in paris. tourists were locked down. france on edge again.
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get mart, u.s. successful or not, this attack is reminder that france is in a state of emergency. attacks like this affect tourism. in turn they affect the economy. most importantly, people think they will also affect the french elections in april, pushing voters to the right. back to you, guys. melissa: wow. benjamin, thank you for that. david: so how will this attack in paris affect the trump administration's doubling down on extreme vetting in the u.s.? next lieutenant colonel oliver north is here to respond. > plus securing our borders. the president planni to foow you through on one of his most controversial campaign promises. new details on his plans to keep america safe. >> what message does the wall send to other countries? >> that america is protecting its citizens. anything worth pursuing requires knowledge, hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation.
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david: president donald trump approving new sanctions after the country conducted another missile -- ballistic missile test described by general michael flynn breaking spirit of the agreement with iran. certainly broke commitments iran made to the united nations. we're joint by "war stories" cor north. you know the iranians very well. are they testing us now? >> yes. they have been doing this monthly as north koreans testing routinely nuclear weapons, all which is in violation of u.n. resolutions which they promised to abide. this new sanctions order signed by president trump designates 25 individuals and entities associated with the iranian ballistic missile program. it includes islamic revolutionary guard corps, members and businesses and bank accounts. it cites individuals and entities procuring technology and materials to support their missile program.
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key words here are those acting on or on behalf of or providing support to the islamic revolutionary guard corps quds force, which perpetrates a lot of terrorism. david: yeah. >> that means north korea wrapped into this. it hit supplrs. here is the big but. it is much more effective to modify to include words like in 30 days, all businesses and banks doing any business whatsoever with these entities will be barred from doing any business in the united states. that will -- david: you have to get the counterparts, whether european or american. >> exactly. david: iranians because they are savvy people, they must understand that they're dealing with a totally different whom bringing here in the the hombre. he tweeted out words to that. iranians are playing with fire. they don't realize how kind president obama was treating with them.
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>> they will cut off technologies, parts, fuel, guidance systems, tracking sensors, tires for trucks and shipping companies doing business with iran and their partners in north korea. it is important because the north koreans are doing the icbm and nuclear weapons development with iranian dollars. iranians are getting around their sanctions having the north koreans do it. this would -- david: president was asked if anything was off the table. nothing is off the table including military action. if they pull off another icbm test, do you think it is possible we might send a missile in and wipe out one of their silos? >> the challenge there of course a cruise missile being launched from offshore, most likely type of attack will be the kind of thing that the new russian-installed sa-300 civil will be able to knock down. so the russians are complicit protecting sites where nuclear weapons were being developed, may still be, and where icbm research is being done.
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so the idea that we're going to have an easy attack is no longer relevant pause of what the ssiansave dog. david: what if they push real hard, and buzz one of our ships like they did during the obama administration? i can't imagine trump saying, trump applying them to get away with that? >> look the houthi rebels already hit a saudi ship in the gulf going up to the red sea has already been attacking out there. they have fired and threatened to fire on u.s. vessels again. what we ought to be doing, saying we're holding you, iran, accountable for what these quote, rebel forces are doing. that, they have gotten away with it for eight years. david: i don't think they will get away with it anymore. >> we should stop it. david: finally on the jihadist attack in paris, it is now clear an egyptian was involved. he has been in paris only a couple weeks. donald trump of course tweeted his own tweet out about that, he said a new radical islamic terrorist just attacked in the louvre. get smart, u.s. referring to our
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immigration policy, and the fact this guy was an immigrant in paris, what do you think? >> well, i think certainly gives ammunition to his argument, we've got to do very, very serious vetting of anybody coming into this country. i think a lot of the complaints, except from the crazy left, by the way they're not protesters. they're rioters. they're anarchists. reality of it is politically, this is a big step up for president trump and what he intends to do. david: yeah. more ammunition for his side anyway. colonel oliver north. thank you very much. good to see you. have a good weekend. >> my pleasure. melissa: two weeks since the president donald trump the 45th president. getting a lot done in office for sure. we're breaking down details in case you missed a few of them. plus they are waiting for sunday night. fans gearing up for the super bowl in houston, texas. they are not waiting. we have exclusive interview with a player no one saw coming. ♪ liberty mutual stood with me
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david: we have a live look at air force one there with president trump on board. it is in palm beach, florida, international airport. of course he is on his way to mar-a-lago for a weekend there. apparently watch the super bowl from there. making good on his promises, president trump keeping up the
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pace. break burman is at the white house with highlights. if you can keep pace with the go he is constantly working on it. reporter: it has been a sprint here, david, the first two weeks, no doubt about it. if you look what the administration points to highlights here, you put together a fairly lengthy list in the first 10 days of official business here at the white house. let's go through them. so far there have been 20 executive actions. there have been eight executive orders. some of more high-profile ones, authorization for the border wall, the call for extreme vetting. president trump announced withdrawal of the trans-pacific partnership trade deal. we saw intentions to start rolling back part of dodd-frank. on top of that president trump held 11 meetings with foreign leaders. -- 16. a majority with phone calls. there was the supreme court nomination of neil gorsuch. even though the president has a
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mandate and the house and senate on his side you can't get everything you want in washington, d.c. the bass bullet point proves that, he has gotten six of his cabinet nominees confirmed. that has been a major contention point here at white house. press secretary sean spicer bringing it up once again today. listen. >> it is hard to talk about how we're going to enact an agenda of reform when senate democrats continue to slow-walk some of these folks. reporter: david, they would certainly like to see some of those numbers pick up here. but in terms of what they have been able to control here at the white house, certainly has been a fast pace. as you just showed there, i believe, the president taking a bit of a break, the first of what would likely be many trips down there to the winter white house in the south florida area. david? david: it will be warmer down there but i guarranty he will work probably just as hard as he does up north too. as we look, we'll keep a shot on the plane. they just opened the doors. it will be a couple minutes before the president comes out. thanks, blake.
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melissa. melissa: we'll chat weil we're watching. here is james freeman from the "wall street journal." i feel sorry for the opposition. it is like a tennis ball machine. >> yeah. melissa: he is firing stuff at them. they can't, they have to keep up. they can't complain fast enough. >> it is coming fast and furious. a lot of real game-changers we saw with the nominees, now in office two executive orders a day. you would think they would want to be selective when to get outraged and melt down -- melissa: light your hair on fire. >> this is across the board freakout on the left. melissa: my favorite comment of the week from paul ryan he came out said, wow, this guy, the speed with which he drills down on a budget and he gets really granular. able tgo through and x-out stuff. it is amazing. this is coming from paul ryan who i thought before could do math. apparently took like a business person to be like what? no, no, no. then he said reallocating money to equipment that the troops actually need, what do you think of that?
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>> well the pace, the productivity, the first two weeks it is pretty impressive. i was looking back. the gold standard for recent presidents who came to washington to change it, revive the economy is ronald reagan. when you look at the reagan first two weeks versus the trump first two weeks, our current president looking pretty good. i think neil gorsuch probably a better appointment than certainly was made in the first two weeks of reagan, although a lot of good appointments. you look at reg reform, cutting back regulations, reagan came in, wanted a hiring freeze in the federal government. freeze on regulations. trump cutting back regulations on energy development today, financial services. very active. around -- melissa: people are mad, you have got to focus on tax reform. we haven't seen tax reform. it is week two. really the expectations are so high because he is moving so fast. what do you think on the tax front? >> i think it is important though. it is similar to the reagan
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years where reagan came in a lot of people urged him to wait on tax reform, not to push the kemp roth bill that became big with tax cuts and renewed the u.s. economy. potentially with trump, there is a lot on his plate. there is big agenda with obamacare he has to fix. the lesson from those years, stick with tax reform first. if you get the economy growing again a lot of other things become possible. melissa: do you think he is hearing that? he had a tweet earlier today. don't woy i'm working on tax reform now. but when you talk to people who came to be inside of the beltway the problem everybody is not on the same page what they want to do with tax reform. why it is not just a matter of him pulling the trigger but he doesn't have the coherent consensus although he never has coherent consensus. i don't know why that is problem on this? >> this is a dispute. the republican plan, it is kind of a different approach than republicans have gone with in the past. people are concerned, you know, does it punish -- melissa: don't stop.
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point out to people we see donald trump now coming down out of the plane. he has a red tycom on. melania trump coming out. she is wearing red as well. in case you tuned wearing red day. >> i didn't know that. melissa: heart health awareness. you have a red tie acted like you knew. why everybody on the air is wearing red today. they're going along with it as well. it is to raise awareness about women's heart health. he is many coming around the other side of the car, has her next to her. look at the cape dress. slit sleeves. wow, that is very cool. not very business. that was kind of a girl comment. >> that's all right. that is allowed. >> i can't help myself. what can i say. >> i don't have anything to add to that. melissa: we can go back to the tax conversation as we watch him come in here. so you were saying that trying to find consensus on that? >> yeah. i think there is going to be consensus. palm beach is better place than washington. he might want to spend a lot of his presidency there. sound like melania may not want
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to move down to d.c., ever. melissa: we don't know anything about that. what would you like me to do there? oh. we're watching them come in. the gaggle is following them everywhere they go. somebody calling mar-a-lago the winter white house, which would be kind of clever. people coming to meet himight be more excited meeting him in a beautiful warm climate this is what we see on weekend here. >> yeah it is exciting. as they bet to talking, probably mar-a-lago and other places about tax reform, i think, i think that is the key to keep it, keep it as the priority. and maybe, maybe you don't solve every disagreement. maybe you think about lowering that corporate rate first of all. and then maybe work on some other things later. melissa: is there truth to the notion, some people saying that you have to get a lot of it through by june 1st, in order to get it in front of congress to get it to pass to count for this fiscal year? that is a big concern.
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i think we need a tax lauer to drill down on that. we have asked a number of people the opinions differ. >> to me that is the wrong question in this sense. they're too focused on washington budget score keeping. they need to solve for growth. this is related to the other thing, they're very focused on making it revenue neutral. so the government collects just as much money. that is the wrong approach. melissa: no kidding. >> how do we get to 3, 4% growth, a lot of other things become easier including the federal budget. i hope that is the focus for the next few months. melissa: that is very true. when people talk like that, they are using static analysis not accounting for how much the economy grows when you cut taxes. very hard to estimate how much it will grow so doing accounting is really tricky. at same time acting like it will not grow as a result of tax cuts is not a way to do budgets. one of those things we need to get going on it. also for families, the beginning
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of the year, as soon as trump got elected a lot of people made tax plans based on the idea their taxes taxes were going do. if it doesn't happen they will need to adjust to that. >> diminishing capital. it will never get better than first 100 days. you want to lead with stuff that make as a difference. melissa: yeah. >> longer time goes on, the less influence you have. he wants to strike quickly. melissa: james freeman. thank you very much. i loved your talk on taxes and melania's dress. you did well. >> thank you. melissa: another violent of wave of college protesters attempting to shoot down can a conservative speaker. this time at nyu, just one day after rioters at uc berkeley set off fireworks and smashed windows to stop a "breitbart" editor from giving a speech. president trump responded on twitter, professional anarchists, thugs, paid protesters are proving point of millions of people who voighted
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to make america great again. here is troy warden, berkeley junior, and member of berkeley college republicans. first you self-identify on the campus as a republican? what is that like? do you get threats? >> thank you for having me on, melissa, yes. it is extremely contentious to be a republican on campus. there is not a day that goes by since trump won the election that we republicans don't face discrimination. people spit on us. we have multiple members punched in the face multiple times. yesterday two members were assaulted by two people got out of a areca. we don't feel safe here on campus. it is very unfortunate the university is here and across the united states are not doing enough to stand up for conservative right. melissa: how many of you, how many are there of you in berkeley republican club? >> well, we have over 1000 people on our list but here's the thing, melissa. only 30 to 50 people show up. that is because so many people are afraid to stand up for what they believe in on our campus.
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we think the university especially in light of these prest here at uc berkeley and even at nyu, should really make a statement supporting us. melissa: did they do anything to support you? what have you seen of their response so far? >> well, the stops so far hasn't been the best. i think uc berkeley could do better. we did speak with the chancellor yesterday. we also spoke with ucpd. melissa: what did the chancellor say to you? >> the chancellor apologized that our event couldn't go through but again he said this was totally unexpected. they didn't expect outside groups to shoot fireworks at the venue. but again, i think the university needs to explicit i come out to condemn these protesters. this event is so terrifying, i wrote an article on campus reform.com, i had to shelter in place in the building while fireworks exploded against windows. while protesters lit a generate or ton fire. it was most terrifying experience of my life. melissa: a lot of people say you should make these students who
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caused this disruption go clean up. it wasn't student, right? when you look at video, you see people in black masks. their faces are covered. they arrived in bus. they're paid protesters. it looks like. what was it like there for you? what is your opinion who these people were? >> well, the majority of these people were so-called self-styled antifascists. and i think, at base, at bottom, they're anarchists. sure they might be paid and might be outside groups. let me tell you something, student at uc berkeley actually sport their tactic is. i was speaking with one of my fellow pierce, he said it is all right to punch someone if you think they're a white supremacist. that is the wrong way to go about things. keep in mind during and after the protests students were dancing as campus burned. i didn't see students rallying together saying this doesn't represent us. they were encouraging outside groups causing mayhem and destruction. melissa: amazing they're anti-fascist is.
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they are fascists. that is what fascism is suppress all thought doesn't agree with yours, when you're causing violence and you fear for your life as a result of not being part of group think. i don't know how they realized, they don't realize that. what do you, are you going to do going forward? do you stay on campus? do you change your mind being at berkeley? >> not, not at all. this event only made me more resolute continuing to stand up not only for conservative principles but for my constitutional right to free speech. if you're intimidated. let the people get your way, let them shut you down, it will make them stronger. so i think berkeley college republicans nyu college republicans, college republicans across the united states, need to not be afraid, need to continue tabling on campus. need to reaching out to controversial spkers inviting them. if we had a chance to invite
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mr. yiannopoulos again would we be. melissa: conservative a rebel on campus. tables are so turned. troy, thanks for joining us. we appreciate your insights. >> david, thank you for having me on. neil: nyu last night, a professor calling for cops to beat up some of the speakers that were supposed to have a right to speak. not liberalism, that is for sure. setting a bold deadline for the border wall. how the new secretary of homeland security plans to keep you and your family safe by full i will filling one of president trump's biggest campaign promises. made from pure, 100% organic cotton. we made it our mission to perfect every detail. until finally, the softest, most comfortable sheets you'll ever sleep on. try them for 30 nights and get $50 off your first set at bollandbranch.com, promo code: tv.
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and catherine herridge is in mission, texas close to the border. >> border patrol agents picks up 600 people who enter the u.s. illegal. they call it the rgv sector. fox news traveled exclusively with homeland security secretary john kelly who came here to see challenges first-hand. kelly says the security will take a multilayered approach. there will be a physical wall and parts you can see through. they will rely on technology and things like sensors. kelly also set a very ambitious timeline. >> i think it will be built where it is needed most first and then filled in. >> okay. >> that is how i'm looking at it. hope to have it done within the next two years. reporter: secretary kelly also told fox news he wants a surge of resources to the border that would help expedite the processing of people who get into the country illegally.
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he said right now he would like to see a system would take about two weeks. that would be a deterrent he said, not the two years which is how it works today. >> if we could surge the court proceedings, immigration court proceedings on the border, and within the law, do it very rapidly, and do a rapid turn, then i think that alone would act as a huge deterrent for people who are considering making the trip up. reporter: kelly told fox he thinks the administration has the authorities they need to get started. he also said he believes the money will flow freely from congress. back to you. david: catherine, thank you very much. they are ready for some football. fox business's cheryl casone is hanging out with fans and players in houston, getting ready for the big game on sunday. ♪
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>> super bowl 51. it's this sunday fox business right in the middle of the action. cheryl casone is there in houston, she's been with vets like eli manning and incredible rookies like dack prescott. >> how is your relationship with tony romo? hehe's genuinely thrilled with your success. >> he's genuine, helping me with the defense off the field, helping we with new people coming into my life, things like that. >> you think about what you want to do with all of your future earnings. buy a company? some quarterbacks come before you have become incredible successful business people. what about you? >> yeah. i plan to get there. but like you said, it's the beginning of my career, i'm going to figure out what the right things to invest in, what i want to put my money
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into and spend some time doing. >> that was a great little pick up there, cheryl. i noticed, by the way, you didn't try to pry that trophy out of his arms. i guess he just spends all of that time with that trophy now; right? >> i think he does. he is now pepsi's rookie of the year, that was actually announced this morning. we are at super bowl live, i want to bring somebody else working here. celebrity chef from the food network and we just had dack prescott on. of course you're working with pepsi because you want to do the grub match. look what she made for us, david. >> so we found three sh chefs and put them to the task of making the most excellent game day food. it's not just about pepsi anymore. so this was the winner of our contest. and he made an updated frito pie. so we have fritos in the crust, onions in the pepsi. >> this looks so good. i have to tell you, david, really quick with anne here,
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the fans are all waving to her over here. >> she makes everything with pepsi. i make everything with beer, just to get it straight. some people about prefer pepsi, i'm going with the beer. but great stuff, cheryl. that does it for us. risk and reward starts right now. >> international inspectors will have unprecedented access. if iran cheats, the world will know it. if we see something suspicious, we will inspect it. if iran violates the deal, sanctions can be snapped back into place. >> two months ago in vena, the united states and five other nations reached an agreement with iran on ensuring the peaceful nature of that country's nuclear program. >> we've seen the results. under the nuclear deal that we are allies and partners reached with iran last year, iran will not get its hands on

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