tv Varney Company FOX Business February 6, 2017 9:00am-12:01pm EST
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repealing, replacing obamacare, tax cuts, military infrastructure spending, he's got real challenges to get this done. maria: big agenda. >> get it done, but get it done right particularly with the obamacare replacement because the republicans will own that and they don't want the disaster of the affordable care act. maria: this have a great day. here is ashley webster. ashley: i'm ashley webster, may have a super bowl hangover. thank you, judge napolitano. this is live action presidency, first up, tax reform may be front and center now. in an exclusive fox news interview president trump says he could get tax reform by the d of the year. could. also in that interview, trump says the repeal of obamacare might not come until next year. that despite congress saying repeal and replace is the priority. we are on that. and as if that wasn't enough, president trump immigration
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order headed to court today. one of the many channels to the executive orders. a west coast judge wants to block it, we have our own judge n napolitano in that. the dow closing 20,000 on friday, has the trump rally returned? we'll find out how when we open in 30 minutes from now. "varney & company," action packed monday starts right now. ♪ handoff, touchdown james white! toss to white! he's in, patriots win the super bowl! brady has his fifth! what a comeback. >> how sweet is that, tom? >> it was 28-3.
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if you went to bed early, that's what happened. tom brady and the patriots winning their fifth super bowl last night in houston. overtime victory. e-mack, there was some confusion, i heard that tom brady's jersey may have been stol stolen, and may be turning it on ebay. the iconic number 12, looked flustered in the locker room. turns out patriots equipment manager had locked it up for safe keeping. ashley: oh. liz: so they found it. ashley: thank goodness for that. what about the ratings? i heard cheryl casone a few minutes ago, good ratings. >> record ratings, so fox is very happy, imagine that. but let me put it in english. 72 share, you and i live by this. if we had a 72 share we'd be paid a lot more money. 72% of televisions in the united states was watching that super bowl. ashley: that's impressive. >> incredible. ashley: and we live one day, maybe a 72 share, don't hold my breath.
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to your money. it looks like stocks will open lower, down 34 points. the markets open in about 27 minutes. tiffany, by the way, set to open lower after the ceo was booted. after less than two years on the job. we'll have more on that story later this hour. now, president trump telling bill o'reilly that we could get a tax cut by the end of this year. roll tape. >> 2017, can americans expect a tax cut? >> i think so, yes. and i think before the end of the year, i would like to say yes. ashley: sound encouraging, doesn't it? joining us now my good friend congressman marsha blackburn, republican from tennessee. thank you so much for joining us this morning. i was very heartened by what donald trump had to tell bill o'reilly. maybe that taxes are the priority. what's your view on that? >> i think you're going to see both taxes and the bank of
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america care repeal, as a priority for house republicans and these are things we're moving forward on. chairman brady is in charge of the tax legislation, the tax reform legislation and i know, ashley, you're going to have your favorite art laffer up in a few minutes to talk a little bit more about that. we've been visiting here in nashville. ashley: yes. >> on that topic. but, yes, you know, getting those marginal rates down so that individuals have more to take home at the end of their work period. getting that corporate tax rate down, so that they can see an increase in wages and jobs growth can take place. those are important components and we're committed to that. ashley: so, when can i expect that, congress woman because putting more money in individual's pockets and giving corporations a break, that's a huge boost for the economy, isn't that easier to get that through? because obamacare already
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appears to be turning into a bit of a quagmire. >> obamacare, the first steps will take place in reconciliation, that's the first bucket. the second bucket, what can be done administratively and the third bucket overhaul and reforms to the marketplace, same things we've wanted to do since 2009, 2010. before they put government controlled health care in place. with the tax reforms, you can see those bills coming forward this summer after we have our budget passed, and then you can see the completion of that into the fall. i actually think, ashley, you'll see it completed before we get to the end of the fiscal year. ashley: well, that's encouraging, and retroactive to january 1st? >> if i have any vote in that matter, absolutely. i like having those tax reductions retroactive. the amount of money that would put into the paycheck of hardworking taxpayers is a very important step.
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and once you get the insurance market stabilized again, with obamacare and the obamacare exchange out of the mix, and get rid of of these mandated benefits, then you're going to see insurance costs go back down. you'll see some stabilization in that. these rate hikes of 20, 40, 50%, it's something that's very difficult for individuals to bear and only 2 million people are accessing an obamacare product right now, without a subsidy. that's 2 million out of the 9 million. 7 million get a subsidy, 2 million, only 2 million are paying for that product without a subsidy. ashley: very good. very quickly, hike military spending, massive infrastructure spending, build the border wall, 19 trillion by some estimates. as a republican, can you vote for that kind of spending without upsetting revenue elsewhere?
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>> what you're going to see is a change in priorities. and you're going to see across the board spending cuts. my 1%, 2%, 5% bills, i hear the president would like 10%, that's music to my ears. you're going to see reform throughout the operational end of the federal government. and this is how you're going to begin to replace some of those dollars, but bear in mind, ashley, when you are cutting taxes, this is something that is going to spur economic growth. ashley: amen. >> getting to 15% in corporate tax and reducing marginal rates you'll begin to see some growth so you're working on both sides of that ledger, i couldn't agree more. marsha blackburn, congressman, thank you for being here from nashville. >> thank you. ashley: more of that exclusive interview on bill o'reilly, president trump, 8% eastern. fascinating stuff.
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now onto this story, a federal judge blocking the president's travel ban and then president trump tweeting these, just cannot believe a judge would put our country in such peril. if something happens, blame him and court system. people pouring in. bad. all right. all rise, judge andrew napolitano is here. okay. >> want me to explain what happened or justify the president's response. ashley: no, no, he's upset. >> he's upset and i don't blame him. and uses hyperbole to express his views. ashley: they're dealing with the suspension of the travel ban right now, is this headed to the supreme court? >> i suspect that they will reinstate the ban. ashley: you do, the liberal 9th circuit court? at court and they sit-- >> yes. >> the largest federal court in the country. 15 western most states of the united states.
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so go to the western part of colorado, and then go all the way out to hawaii and all the way out to alaska and everything in there is the 9th circuit so it's enormous. one of the judges will hear oral argument tonight, is in hawaii. he's not going to fly to san francisco, it will be done via teleconference. here is the issue, does the president have the authority to suspend immigration for an individual or a class of people for national security reasons? the answer is unambiguously yes. the issue is not was it wise, was it prudent, was it just, was the rollout proper, was the rollout fair, those are not issues for the court. the only issue for the court, does he have the authority. the seattle judge, judge robart is a well respected moderate republican background judge. ashley: okay. >> life-tenured judge. when trump says so-called judge, i don't think he's undermining the judiciary, i
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think he's saying this judge is acting more like a politician than a judge, but what is also interested here, the plaintiffs are not people that couldn't get in. the plaintiffs are the state of washington and the state of minnesota. i would argue that they don't-- >> the principle there. >> i would argue they don't have the standing to bring this. standing rules in the federal court are narrow, the plaintiff, the person bringing the case, must have real injury, personal to that plaintiff, caused by the defendant. i don't know how the state of washington and the state of minnesota as governmental entities were harmed by this. there may be people trying to get into washington, trying to get into minnesota who are harmed, but they're not the plaintiffs in this case and i suggest to you, that's the way, without ruling on the merits of the executive order, that they can involume date judge robart's order and let the president make foreign policy. ashley: is it constitutional? does it ultimately to that to
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single out seven countries we believe, we cannot properly vet people coming from the countries, as a countries the way the constitution is written, can we do that. >> the constitution ratifies treaties and ambassadors, if the president decides it's in the best interest of the country he has the power to do it. ashley: he prevails ultimately, you think. >> i do. ashley: interesting. more on president obama, he says the obama administration's deal with iran should be scrapped, hinting that more sanctions could be coming. that nothing he says is off the table when it comes to iran. and find out why russia is demanding an apology from the white house and fox news. turns out president trump and vladimir putin might not be best friends after all. more varney next. hey nicole. hey! i just wanted to thank your support team for walking me through my first options trade. we only do it for everyone gary. well, i feel pretty smart.
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we're down about 40 points now, showing down about 31 at opening bell, which is in about 15 minutes. the s&p and nasdaq also looks like we're open just slightly lower. well, speaking with bill o'reilly yesterday, president donald trump described the nuclear deal with iran as the worst deal i've ever seen negotiated, unquote. and also accused the islamic republic of disrespecting the united states because of the deal. well, come in, colonel ralph peters. once again, thank you, colonel, for joining us. >> ashley. ashley: we talked about this a little bit last week, the threat of sanctions, we already have some sarpgss in place. you believe they don't go far enough, why? >> well, because they're not potent. unfortunately, president obama with this dreadful deal, trump is right about that, it was truly awful, he painted us into a corner and two counts. one, you know, the sanctions basically are lifted. even if we don't lift them, the europeans are in there.
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the chinese are in there big time and the difference over several years ago is that iran and russia are now closely allied so we can't get support for sanctions. we can impose more sanctions and i encourage to do so, they will sting, but won't bite. sanctions work, in russia they work because of concurrence of drop of oil prices, but iran has built up antibodies against sanctions, their smuggling networks, et cetera. i think ultimately we have to be support and patient and the president should not walk away from the nuke deal because that makes us the bad guy. the defense secretary mattis has that right. be patient, iran is going to provoke us violently at some point, they're feeling their oats, they want to test us. we need to be prepared to hit back hard and disproportionately, and have a plan for any follow through. ashley: it's interesting because they don't know who they're dealing with, do they?
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but i would imagine based on the last eight years we've seen with obama, they've got to think the response to anything they do will be a lot stronger. >>, but the difference though, ashley shall the iranians are follow of confidence, they've been studying president trump. they've been winning so long and backed us down so readily and easily, they're convinced we're a hollow threat and always fold in the clinch and they know they've got-- they've got several cards of their sleeves, one, obviously, the straits of hormuz, closing oil international markets, two, if anything escalates, hit on shore facilities and gulf states of saudi arabia, oil loading facilities, refineries, et cetera. the big one, which is that we have over 5,000 troops in iraq, many widely dispersed. the iranians like hostages and if we had an escalation with them, they would immediately try to grab u.s. troops hostage, or just kill some.
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they're pretty widely dispersed some of them. i'm not saying that's an argument for not doing anything. i'm saying it's an argument for thorough planning, really thinking things through and not just shooting from the hip. ashley: the kremlin says they want an apology based on comments surrounding bill o'reilly talking to donald trump saying that, look, bill o'reilly described him as a killer in that interview with president trump. what do you say? >> i say bill o'reilly stuck up for america. donald trump stuck up for vladimir putin. choose your patriot, a or b? as far as the russian media, i read the russian media on-line just about every morning, it's hilarious, alice through the looking glass stuff. this morning newspapers are portraying bill o'reilly as sort of darth vader with a microphone and vladimir putin as francis of assisi. [laughter] the full outrage, the creepy
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sa san san sanktmony. >> it was better than melissa mccart mccarthy portraying shun sean spicer. >> why the bromance, why the man crush, if he's never dealt with him and never met him, why in love. we will -- we have allies that the president is hard on. and vladimir putin wishes every american harm. explain that to me. ashley: i can't, be interesting to deal in the days and months
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and weeks ahead. ashley: the russians would say-- >> great impersonation. ashley: thank you so much, ralph, appreciate it. and president trump promising to repeal dodd-frank and the wall street journal says that bank reform could add, get this, $100 billion to our economy and art laffer on that. the markets set to open slightly down, although the losses are starting to pared down when the opening bell is in eight and a half, nine minutes. we'll be back. at angie's liste
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>> how about this? u.s. banks could reportedly return more than 100 billion dollars in capital to investors, if donald trump succeeds in pushing to loosen regulation on those very banks. come in, former ronald reagan economist art laffer. thanks for joining us, you're going to stick around for a while. how long for that money to work its way into the economy and ultimately the growth, gdp? >> i don't think it will take very long at all. i mean, with capital like that you're going to of asset values change dramatically with those changes in asset values you'll get the investment flows anticipating it. i think that's a great thing to do and dodd frank in many ways is a disaster and held this
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economy back. >> art, the banks are a little snake bitten. how willing are they to lend? especially the smaller regional banks that really, you know, they're the life blood for small businesses? >> yeah, but you used the snake bitten remind me of your tennessee origins, ashley. [laughter] small businesses are held back and that does hinder the development in region lal areas and once you get that dodd-frank cooled down a little bit and the regional banks come back you'll find a housing boom like you couldn't imagine. remember, ashley, housing is the biggest single capital stock item in the u.s. >> all right, i want you to stay right there. that was pretty quick, but you're going to come in on the markets when they open in less than five minutes. stay there, i want to check the dow futures if you can. the markets are looking to open slightly. we're off 30 points earlier and now i think 20 points, same on s&p and nasdaq as we kick off a new week of trading. this, by the way, live action presidency, of course,
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the futures are pointing to a slightly lower open. it's interesting to see whether mr. trump's comments, i should say president trump's tax reforms ahead of obamacare, good news on the market, and which has, let's be honest, moving side ways. the bell has rung and we're off and running. we see lots of red. we're down 45, 43 points at the beginning and the dow is hanging in above 20,000. almost all the stocks though in the red. who is joining us this morning on this happy monday morning. we have liz mcdonald, adam shapiro, art laffer, and scott shellady. thank you all. we have to start with president trump saying we get a tax cut before the end. year. i hope he's right. art laffer, right up your alley, can that happen? >> i think it can happen and i hope it does happen.
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the one thing the silly pay for, for every tax cut you have to have a tax increase or something else. if that had been the case, we never would have had the reagan cuts, kennedy cuts and the harden coolidge cuts. i hope they ditch that, get rid of the pay for thing. ashley: amen, and retroactive to january 1st, i'm channelling stuart varney. listen, the dow is holding 20k right now, just above. scott shellady, how long do we stay here? we're moving side ways. i know a lot depend on what comes out of the trump administration. where do we go? >> we rewind everything, we had a great move after the election, about six weeks now we've been kind of going nowhere, oil is between 50 and 55, the 10-year yield bumps up against two and a half and we've been in the no man's land. we'll have to start seeing the
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rubber hit the road. we'll have to see good news from some of the economic indicators we get on a daily basis that will be the next leg higher in the market if we go higher. and obviously tax cuts of one of them, but you start to talk about tax cuts and we're going to have to see the tax cuts for the next move higher or so. that's the issue, he's talked about it now and got us where we're at and now we start to see the rubber hit the road. >> that's right, talk the talk, walk the walk and that good stuff. adam shapiro what do you think the earnings are telling us up to this point? >> some of it been muddled, but overall, do you think the guidance has been rid? >> i don't know about the guidance, i know the revenue picture has been good. >> you get big misses on revenue, and amazon has been and this is now the huge retail, 40% of all retail in the holiday, e-commerce, that's amazon, at least the e-commerce stuff. the bottom line, what scott was just saying, people are in a
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holding pattern and the senate, by the way, is crafting its version of tax reform, but they've got to deliver that before the end of the year. liz: i don't think it happens. i think they're going to call it tax relief and not tax reform. ashley: i don't think a little fix will do it. liz: excuse me, one second, it's important. and they could be peeled off because, and not do what trump wants because basically they're saying on wall street he needs political capital to do tax, even tax relief, but the box rollout of the immigration order, they could gradually back off and the kokh mothers are mounting a defense against the border tax. they're saying-- >> which is supposed to pay for the tax cuts. liz: you want that 1 trillion plus consumer price hike in your district, price senator-- >> he has political capital
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with his base. liz: not right now it's getting demolished. >> he needs to shift away from obamacare, he seems to be, and go to tax reform. liz: look how long it took reagan to do tax reform. ashley: art laffer, comment on that. >> we didn't get our if you will tax reform until january 1st, 1983 before it took effect and that's why we had the recession and what the koch's is doing on the border adjustment is correct. that's one of the silliest things i've heard. why introduce that now when you can just do tax rate reductions and get on with it. the corporate tax, 35 to 15%. nothing else, just do that, let it prove itself. and then you'll be seeing everyone join on board. ashley: interesting. i've got to move on. we could talk about this for the rest of the morning. one private equity ceo, by the way, says you'd have to be, quiet, suicidal to hold snap stock. he says people haven't figured
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out it's dying and facing stiff competition. anyone agree. liz: snapchat's own filing saying we may not be profitable for some time. instagram has more daily active users, 400 million to snapchat's, you know, 150 million active. so, you know. ashley: internet stories. liz: snapchat, is that the next twitter? the that's the story line on wall street right now. ashley: scott shellady, are you on snapchat scott shellady? >> no, i'm not on snapchat. i'm not on twitter and not on instagram. this'll have to bring in advertising revenue kind of a model. at the end of the day is feels like gopro to me for some reason. if it's a one-trick pony they'll have a hard time. ashley: art laffer, this brings up the issue of the tech companies, so wealthy and so much revenue.
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snap has about 1800 employees, it's not like the old days. is that good for that economy? yes, they're great companies and they're popular around the world, but they have very few employees, so, what do we get out of it from the economy's point of view? >> a huge increase in wealth, a huge increase in prosperity and a huge increase in consumption, but other than that, i don't see much. just joking with you. [laughter] >> no reason why a lot of companies can't have a huge increase to the gdp and wealth and not have a lot of employees, that's called productivity and there's nothing wrong with productivity, actually nothing. >> i agree. ashley: there again, it kind of is the old days, donald trump is trying to bring jobs back and getting manufacturing going, but the companies generating so much have lots fewer employees. >> you don't want to go backwards in time, ashley, you don't and bring in horse buggies and whips and stuff like that. [laughter] >> do it with the corporate tax cut and you'll see the jobs come back. ashley: very good.
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let's check the big board, by the way, we are, let's say, down 33 points, just coming back a little bit. still above 20k. 2/10 of a percent. and hasbro helped by strong demand for disney princess dolls and board games. who would have thought that. $95 on the nose. higher profit at tyson food helped by higher exports of beef and pork and live stock prices. we talked about the tiffany ceo ousted after less than two years on the job. where are the shares, nicole? nicole: we're seeing the shares come off the lows. they were down 7% and now down close to 2%. they've about slumping sales, the ceo is out, the chairman, michael kowalski is going to step into that role now to take
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it over and they're just not seeing the sales. year over year, the flag ship store right here in manhattan on fifth avenue next to trump tower dropped 14%, a couple of thoughts. there are thoughts, protesters, security, and tough macro economy. brick and mortar we heard that ralph lauren's ceo is stepping down, macy's was trying to sell itself, maybe a real estate story. but big picture, there's a theme here and that is that brick and mortar has to keep reinventing itself in order to keep up with the likes of amazon. so they're going to bring in and look for a new ceo to try and bring tiffany back up, i wore my robbins egg blue for this hit. kidding. you did see that melania gave michelle a nice tiffany box. ashley: she, she did, it's huge. nicole: don't know what was in it. ashley: i'd love to know.
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it was huge, it wasn't a little blue box. u.s. banks, by the way, could reportedly return, we talked about this a few minutes ago, more than $100 billion in capital to investors if president trump succeeds in pushing to loosen regulations. scott, let me bring you in on this. i asked art laffer this earlier. if we get the bank deregulation through and everything is good, how long do you think before it works its way into the economy and push up the gdp? >> i think it's -- you know, i listened to what art had to say, i think it's three to six months. nobody wants to advocate for no rules and let the cowboys run the west, right? >> right. >> we have to have some sort of regulation however, the regulation we have is so onerous, it's put a wet blanket on this business, too. and take back some of that, and we could get on with our daily lives, i think it's a three to six-month deal and come through on gdp. remember, we've got to do something. we didn't have one quarter of
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gdp of 3% over the last eight years, it's a big job and a great step forward. ashley: and scott shellady says don't let the cowboys take over, with the cow jacket. liz: bank analyst, mike mayrro it was 170 billion in recent years and it's 50% more, but it could be dividends and buybacks. and the buybacks hit the number. ashley: interesting, liz. take a look at health insurers, those are the financials, here are the health stocks, mostly down other than united health. president trump says the obamacare could come later this year or next year. art laffer, could this drag on,
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is that your fear? >> it's my fear, i don't think it can, it shouldn't. this mandate has to be addressed right away. you can't have taxes sitting there on the american producers and expect to get growth and employment and output. it's been a huge burden especially on small companies and needs to be removed right away. ashley: scott shellady, the longer this drags on, the more uncertainty there is, it affects all the businesses, especially those that have, you know, more than 50 employees. this thing needs to get taken care of. >> i've said it before, he could almost be a victim of his own success, he came out at a frenetic pace, we think that every week there will be 25 mandates coming through and that's a problem and this is a big one and so is nafta. those big ones are going to take some time and thought and he's going to have to coach the american people through that. and without looking like he's slowing down. ashley: good point. well, listen, by the way, let's change to this story.
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nearly 100 big tech stocks taking on president-- >> facebook, google, the judge james rupert says that we're doing this because it could be injurious to the-- >> talking facebook and apple. liz: the tax base. ashley:. >> 34.7% of silicon valley employees are from another country and that's why the companies are doing this. ashley: we'll talk about this. very quick, scott. >> how many are from yemen and the sudan. ashley: that was going to be my question. good question. [laughter] >> e-mack, scott, everyone, thank you very much. how many actually come from those seven countries? i want to know that, too. check out the big board, down 18 points, trying to get back to flat even. we started down 43 points. guess what? stuart will be thrilled to hear this one. president trump says the tax cuts could be here by the end of the year. so excited couldn't get it in today.
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maybe before a repeal of obamacare. we're on that story and continuing to talk about that. also, new evident that a landmark report on climate change exaggerated a threat by using misleading and, well, maybe some data that maybe a little inaccurate. details on that coming up in a moment. first, all new episodes of the hit fox business show, strange inheritance and 9 eastern. here is a sneak peek. >> it's very, very dirty. kind of a sad war painting stored in the attic for no one to see. >> what was your reaction? >> i nearly fell out of my chair. >> it's the most important find in texas art in a hundred years.
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kind of bumping along as we get this new week up and running. president trump says a tax cut may be in the works by the end of this year, but obamacare repeal may be delayed until next year. kind of different, kind of flip flopped, i guess, the priorities. come in james freeman, with the wall street journal editorial page. james, that's the kind of news that will bring a massive smile to the face of stuart varney who wants tax cuts now, retroactive. even a number of days, he wants it now and many agree that will stimulate the economy and get things moving. based on what donald trump said to bill o'reilly, do you think there's a bit of a change of feeling within the administration? >> the idea of doing tax cuts first makes me smile, too, i think it should make everyone smile. this is the way to go. it's really a lesson from the reagan years what worked then. when you get tax reform and the economy growing and incentives in the right direction, it
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makes your other policies easier. it's going to be easier to do an obamacare rewrite if we're growing at 3 to 4% a year rather than 1 to 2% a year. ashley: do you think he's running into problems, donald trump, with those in the g.o.p., the budget hawks. wait a minute, you'll be spending 19 trillion on military spending hikes and tax cuts, building the wall, infrastructure. sound great, but how are you going to pay for it? we don't want to add 19 trillion to the federal deficit. >> yeah, i think especially on infrastructure, he'll face some of that resistance and let's hope on spending he's got one of the hawks on his team, and how he made his name in the house, and let's hope he pairs spending cuts along with tax reforms. but i think they do-- there is agreement among republicans that you've got to get growth going. if there's argument, maybe it's the details of the corporate tax. he thought it was a little complicated, the approach the house g.o.p. has taken, but i
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think there's an agreement there that you want to move quickly to cut taxes and not just change them, but actually cut them and also simplify. ashley: you're talking corporate as well individual. >> i think you want to simplification and a tax cut right away and the there's kind of having it revenue neutral so the federal government doesn't collect any less money. i think they've got to get beyond that. you've got to solve for growth to get workers back in the economy. >> all right, let's talk about the other issue hanging out there, obamacare, i'm using the word quad quagmire, and repeal, repeal, repeal, okay, what are you going to replace with. is there some valid to those criticisms? >> it's complicated. art laffer was on a few minutes ago, if you can provide
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business relief to make it less of a headache for small employers, that's great, do that right away, but as you design the replacement here, a big question is going to be obama has put all of these subsidies into the system. ashley: yeah. >> are you going to keep those subsidies and allow people more frome and services they buy? that would be good for medicine in a lot of ways, but also expensive. ashley: we're going to tom brady who is talking after the big win last night. let's listen in. he's at the podium and getting his trophy from roger goodell. people wanted to see this after the deflate-gate debacle. there they are, smiling, best of friends and this is this morning in houston. that remarkable comeback down, what was it 28-3. if you went away and some patriots fans left the stadium. >> i appreciate it. to see you guys early this morning. it's a late night not much sleep. but thank you all for being here.
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do we have questions? [inaudible] >> i think that james white deserves it, it would be nice for him, but you know, it's-- took a real team effort. there were so many plays, i got back to my room last night and -- pretty late and was still pretty wired so i watched the highlights and you know, you just go through the sequence of all of those plays and how many critical plays needed to be made and the coach talks about situational footballs, so much of that went on and to score the play, and against a great football team and it was just a great team performance, i'm so proud to be a part of this team, you know, we faced a lot of adversities, over the course here and overcome with a lot of mental toughness and just a great way to culminate the season.
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we've gotten to this game before and not finished the way we wanted. took a miraculous effort to do it and just so happy we got it accomplished. >> tom here from fox 25. first of all, congratulations. >> thank you. >> secondly, a little housekeeping first. do you have any update where the jersey is and the third part of the question is this, what can-- is this the next step in the process to improve the relationship between you and the commissioner? >>. >> the jersey i put it in my bag and came out and it wasn't there anymore, so it's unfortunate, that's a nice piece of memorabilia, if it shows up on ebay, someone let me know, try to track that down. so, it's just it's an exciting game and to present this trophy, it certainly means a
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lot, and my kids will be happy to see that trophy. they said daddy, what about the trophy? and i get to bring them one home, so it's pretty cool. >> tom, peter schrager, nfl and fox sports. >> you mentioned what you had to deal with professionally and personally. last night when you got to go back and take it all in. what's the reaction when it's us you and your family in an intimate setting what this last year has been like? >> it's a lot of emotion and football is an emotional sport and come after a game, a long game, four hours long and there's the highs and the lows and being in there at halftime. we weren't feeling great about how we had played, but we still really didn't see the game. a slow start and third quarter started executing a lot better
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and certainly on offense. so you're pretty spent after the game and i think there's a lot of emotions and the lows of not playing great to the highs of playing great and finally, you know, at the end, you know, it's just a great way to finish, so, to celebrate with my teammates and then to see my family, it was just a night i'll never forget. so, it was a-- just a great win for our team and like i said, there's so many great teams i've been a part of and just happy that this team, you know, will be able to be mentioned with some of those other great teams because of ultimately the way that we finished the season. >> tom, from gridiron magazine. it's well-documented that joe montana is a childhood hero of yours. what does it mean personally to surpass what he did and indeed any other quarterback by winning a fifth super bowl? >> i was blessed to grow up in the bay area at a great time and we went to a lot of 49er games over the years, you know,
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steve young and joe montana were my idols and still are. every time i get around either of them i get, you know, just excited to see them. so, you know, for me to be able to be a part of five championship teams is, you know, is -- it's a great feeling just because i've been a part of five great teams and all those teams have been different in their own way and it's so hard to win. you know, we've just been blessed to be able to be a part of a great organization, you know, we just -- it's a lot of great teammates over the years, so many great coaches that put us in a position to win and that's all you can hope for as a player, and you know, our coaches, you know, they put us in a position to win and then we as players, we go out and we try to lay it all on the line and, you know, it's great for this team to be able to lay it
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on the line like we did last night with everything at stake and make enough plays to win the game against a team that was a great team. they gave us all we could handle and you know, i give them a lot of credit. they're a great football team. matt played a great game. their defense played a great game had pressure on us all night. again, it took a lot of great plays for us to overcome the deficit and the hole that we dug, but, you know, we were able to do and we will be able to celebrate together for a long time. so, i think that's just a great feeling. >> morning, from espn. >> good morning, sal. >> congratulations. >> thank you. >> tom, after the game, i saw you on the riser and you were looking for your mom and then you had that moment with her. describe that moment and what it was like for you and your mother. >> it was great. you know. it was great. she's been through a lot.
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way harder than what i went through last night and way harder than what our team went through last night and my dad's been there every step of the way, so, they set such a great example for me, you know, and all families go through challenging times personally, but, you know, she's a lot of support and a lot of love and just happy last night to be able to celebrate with her and she hadn't been to a game all year, so, what a hell of a game for her to be at. and you know, it's just, it was really great. great to celebrate. my sister was there, my wife, my kids, my little girl was there, and, yeah, so it's-- it will be nice to go home and spend time with them. they haven't had their dad around very much lately so it will be nice to go home and be a dad for a little bit. >> morning, tom, from nbc 10 in providence. >> i was wondering your perspective on julian's catch and if you've seen the video
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and if your opinion of it has changed at all? >> yeah, i saw the catch on those beautiful screens in that stadium and that was a ridiculous play. i mean, unbelievable. jules has had a great season, great career, i mean, he's matured so much as a player, and you know, he's one of my best friends and i trust him so much, you know, he's-- he is always someone i'm looking for and it's a big situation, you know, we've had a few bad-- a few catches go against us and nice for once to go for us at a big moment. so it was a big play on that drive. and i still don't know how he came up with it, but you know, he did and it was, it was a great play at a great time. >> good morning, ben from the boston globe, congratulations. >> thank you very much. >> congratulate two super bowls america has gotten to learn about unsung heroes, last time bower and this time white.
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his season didn't end great out of denver. can you talk about the growth you've seen in james white this year. >> yeah, i was telling, you know, coach earlier, james white is like my oldest son, he does everything right and can never get mad at him, and you know, about if he doesn't make the play he feels worse about it than you do. so, he's just the best teammate. you know, he's an incredible player,'s been that way since assumed that big roll when deon was hurt last year. i've seen him grow from a rookie to working his tail off to become a big factor in all of these games. you know, that particular role in our offense, you know, kevin faulk mold, you know, the daeny woodhead mold, in the shane vereen mold and ultimately what deion and james have done is
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incredible for our offense. not only can they run, but they can catch and pass protect, too. they're so well coached by ivan, who is a great coach for our team and gets those guys so ready every week, and, you know, it's just a great performance by him when we needed it the most on the biggest stage and he really came through for us. >> hey, tom, tom, over here. we saw the emotion from you a couple of times last week, we saw the emotion from you last night. i was wondering how you went about compartmentlizing that for four and a half hours yesterday and how important that was? >> yeah, i'm a pretty emotional guy, so, that's a -- for the most part, during the game it's channeled toward the emotion of the game and bringing my enthusiasm and energy for our team. you know, coach always says, you know we play once a week and there's three hours where
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you need to be ready to go, and you've got to put, you know, everything aside over the course of the week to build for those three hours. and our team's done a great job of doing that, so, football is a game of energy and emotion and attitude and, you know, this team showed that all of those things are positive, even the last time we last was against seattle at home and four shots at the one yard line and couldn't get in. you know, we talked last night about-- or the day before the game about, you know, even after that game we came into work the next day, ready to go. and you know, there's no whining and complaining. you know, it was like all right, how are we going to get better and if we're in that situation again. how are we going to get the ball in. we were on the one yard line the whole seen at stake and got the ball in. >> two more questions. >> wpri in providence. >> i know they're special and unique in their own right. how do you rank this one
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amongst the five rings you have and what is it about patriot super bowl always coming down to the last play? >> yeah, that's a good question. you know, they do-- they have all come down to the end and that's okay. as long as you win. so it keeps them exciting. i wish we could get away from someone and haven't played well enough to do that, but we played well in enough and a lot of situations late in the game to get the job done and we were able to make just enough plays last night to get the job done, too. so it's a great performance by a great team against another great opponent that i have a lot of respect for and i give them a lot of credit because they gave us all we can handle, but i'm just glad we won. >> tom, gary meyers, new york daily news. congratulations. i saw how upset you were in the locker room last night about the jersey so i have two questions, first of all, had
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you intended to give it to your mom or parents and did that factor into it at all. >> those are pretty special ones to keep, you know? but what can you do? i'll take the ring and that's good enough for me. >> and then have you had a chance to reflect on at the age of 39 what you've accomplished is almost unprecedented or is unprecedented in team sports anywhere? >> you know, i don't feel 39. i hang out with a bunch of 20-year-olds so that m i try to just take care of myself learning through a lot of positive and negative experiences with that. and when you're in a locker room for 17 years, you kind of learn what to do and what not to do and what works for you. and i found probably a unique way that's a little outside of box that's really worked. and, you know, i try to spread that message to a lot of other
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players because, you know, football's a demanding sport and a demanding sport on your body and your body is your asset. and if you're hurting all the time, football's no fun. and when i was 25, i was hurting all the time, and i couldn't imagine playing as long as i did because, you know, if your arm hurts every day when you throw, how can you keep playing? and now at 39, my arm never hurts and my body never hurts. and even after i get banged up, i know how to take care of it so that i can feel good ford. so it really allows you to be able to continue to improve because you can practice. so hopefully i can keep passing that message on to a lot of younger athletes, you know, that want to do the same thing. because football's such a great sport. i love it, and it's demanding, and it's taxing, but, you know, i think it's the greatest sport in the world. and, you know, i just love what i do. so thank you, guys.
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ashley: all right. so there you have tom brady the morning after the most amazing game. super bowl 51. what a last-minute thriller it was winning in over time. the fifth super bowl ring for tom brady. he's 39 years old. perhaps suggestions he's going to announce his retirement today? he says forget about it. i'm still going strong. my arm never hurts. my body never hurts. that just says it all, doesn't it? still has tremendous passion for the game. love him or hate him, they are winners in the 28-3 down last night. there were patriot fans who left the stadium. how do they feel today? one thing that was interesting is that we thought the jersey had been found but apparently not. liz: yeah, a local fox reporter said it was discovered. but tom brady, i just watched the clip. the owner robert kraft went into the locker room and tom brady says someone stole my game jersey. and robert kraft said you better look online. so at this news conference tom brady said, again, it's gone.
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so that's relate to at that iconic game jersey is missing. liz: and it was put in his bag, so it was deliberately taken out. liz: meaning he's joking it could be on ebay. ashley: you never know. and the ratings, adam, pretty good. >> very good. but this is the problem for the nfl. has nfl viewership peaked? compared to last year, the generating itself was a 48 or 49. 48.8. but that's down slightly from cbs's last year super bowl. 49.7. and then the share. the share was 72%. the share is of every television in the united states that was turned on, 72 were watching the game. but last year it was 73. ashley: still impressive. still pretty good. and what a game indeed it was. let's get back to your money. the dow that was negative at the beginning, look at this. it's turned positive. not by much, but we'll take it up six, seven points to
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20,079. we've turned it around within the hour. tiffany's ceo out after less than two years on the job. higher profit and sales in the meantime aic to maker hasbro helped by disney. up a record 95.50 for hasbro. in his presuper bowl interview president trump told a tax cut could be coming before the end of the year. watch this. >> 2017. can americans expect a tax cut? >> i think so, yes. and i think before the end of the year. i would like to say "yes." >> okay. can americans in 2017 expect a new health care plan rolled out by the trump administration this year? >> yeah. in the process and maybe it will take until some time into next year, but we are certainly going to be in the process. ashley: seems like a bit of a flip-flop; right? let's bring
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in washington examinerrers. so maybe we'll get tax cuts by the end of the year. obamacare could spill into next year. what's your thought on that? >> well, that's a big change of what trump was saying not too long ago. right before he took office he said i've got this obamacare ready to go. i've got my plan ready to go. all we have to do is pass it just like that. but clearly, the realities of governing on capitol hill are dawning on the president. it's going to take a good while to get both of those things done. specifically on obamacare. republicans still don't know exactly what they want to do. they've had more than six years to try to figure it out and haven't done so. so i think what we're going to see at some point is trump is kind of been an executive order phase of his presidency. and he's been doing things almost every day signing executive orders. well, he's going to have to move into a legislative phase, and that's when things slow down.
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ashley: do you expect -- obamacare i feel is a quagmire, it is difficult to entangle, and it's frustrating, and it doesn't happen overnight, that's for sure. was it too ambitious to head for that issue first? >> well, it was something that i think you almost had to do with the republican base. i mean, donald trump could say, look, i got elected to create jobs and to keep america safe, destroy isis. but, you know, republicans in congress have been voting, you know, every 20 minutes to repeal obamacare for the last several years. this is something the base wants to do and there are serious problems with obamacare. there's absolutely no doubt about it. we've seen deductibles go through the roofs. we've seen a a completely rise in premiums and saw a choice of less than people who have signed up. the question is is it something that has to be repealed entirely or replaced? or is there some kind of trick they can do to field the whole
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thing and repeal most of it. ashley: sorry we're already out of time. you can blame tom brady to that. we appreciate it. the new york post editorial board out with this piece today. quote delaying trump's tax cuts is a huge risk, says the post. liz. liz: yeah, paul ryan said that we repair, not replace obamacare. maybe tax cuts maybe by august. maybe later than that. so the new york post editorial board said that would be a big mistake. remember what happened with reagan when reagan came right out of the box said tax reform. not tax release. tax reform. and the gop lost 26 house seats by 1983. and it took a long time to get those tax reform in. so now we have this fight with mitch mcconnell is disagreeing with trump's attack on that -- the ninth circuit judge who put that halt on that immigration temporary.
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ashley: nothing is streamlined in washington, bottom line. liz: yeah. ashley: thank you. well, the president won't rule out defunding the entire state of california if it declares itself a sanctuary state for illegals. watch this. >> well, i think it's ridiculous sanctuary cities. as you know i'm very much opposed to sanctuary cities. they breed crime. there's a lot of problems. if we have to, we'll defund. we give tremendous amounts of money to california. ashley: joining now tammy bruce who spent a year in california. listen, i feel like they're already a sanctuary state, just not in officially. what about the threat of defunding? what's your take on that? >> look, sanctuary city at this point really reflects on the nature of law enforcement not complying with federal law.. what california's done so far things like give driver's licenses to illegal aliens and
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certain in-state dynamics that helps them when it comes to jobs, et cetera. if they're actually threatening to violate federal law by having statewide refusal to apply that and work with federal authorities, there's a big problem. i think there's some precedent for at least withdrawing certain funds. there's of course tens of billions of dollars. but california says also, well, maybe we'll just stop paying federal taxes because a lot of the money that goes back to the state is federal taxes. ashley: cut off the source. >> so that's a state's right dynamic. but at the same time you can't say, look, we're not going to apply federal law eclipses the nature of what states want to do. and i think donald trump's got some argument he can use here. ashley: stay there. by the way, there's a petition out there to leave from the united states. see you later. hillary can become president. >> we'll build up across and up, and it will be disney
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world instead of disneyland. ashley: people will be jumping over the border into nevada. you can see the o'reilly factor tonight and tomorrow at 8:00 p.m. on the fox news channel. and this president trump criticized for taking on the judge who brought a stop to his so-called travel ban. katie, good friend of the show gives us her take on that. don't want to miss it. next. at old dominion, we see freight... ...as a combination of products and customers. every on-time arrival is backed by thousands of od employees, ...who make sure the millions of products we ship arrive without damages. because od employees treat customer service...
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ashley: queen elizabeth marking her record-breaking 65-year and she's still going strong. >> she was 25 years old in 1952. her father died unexpectly. >> and she apparently they say. my grandmother, by the way, was canadian and used to stand. it was miracle. she would stand when the queen, they would play that. you were singing it. i don't even know the -- ashley: the tenure. yes. >> but she had said. they often asked her would she retire. she loves being queen. ashley: she does. charles has been waiting a long time. >> you better keep waiting. ashley: all right. let's change gears, as they say. lawyers from minnesota and washington state issuing a
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court order temporarily halting president trump's ban on refugees from seven -- yes, predominantly muslim countries. the president responding on twitter saying quote "just cannot believe a judge in our country would put something so peril. if something happens, blame him and the court system. people pouring in. bad. joining us now katie, great to see you. what do you think of donald trump's reaction? pretty much what i would imagine you would say; right? >> absolutely. i should just point out first that i'm not the queen. i do have a similar hair color now. i just want to make that really clear for anyone that didn't know me. yeah, i'm with trump all the way. and i say one of the interesting things here is the amount of support amongst the muslim community as well that we don't really hear about very much, but they can see what he's trying to do. he's trying to say i will defend our borders. i will give america strong borders. and that's something we can
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really relate to. one of the questions i've been asking in my column and on the radio is islam so fantastic, why is it that muslims always seem to want to come to christian countries? and it's a question that doesn't get asked a lot. but it's one that's an interesting question to answer. and a lot of muslims have been saying it's because islam is such a divisive religion. so i think we understand the travel ban. i think if you look at western europe, you look at nice, you look at brussels, you look at the chaos that has been caused here by terrorists, it's really assuring to see someone trying to do something about it. and i think he's been frustrated in the court in the same way that we had brexit. ashley: yes. >> was frustrated in the courts when they tried to tell us that we couldn't have what we voted for. so there's some interesting parallels there. i think one of the things that doesn't get talked about much is that the israelis have been traveling between countries
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for a long period of time. and it seems the lefties, the liberals don't wave their placard for that. ashley: you're right. and nigel farage pointed that out too. listen, you also have a new article out saying why are so many liberal teachers bullying and brain washing their children with their own subordinately views. you think that's what's going on, katie? >> yeah. i've been horrified this week hearing stories about teachers in schools kind of brain washing kids against trump. some schools with trump's name not mentioned. 5, 6, 7-year-old kids coming home to their parents saying trump's a bad man. trump's a racist. they've been taught these views teaching children what to think not how to think. and one particular example where a teacher made placards, protest barns with her 12-year-olds and then took the banners out protesting trump
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outside westminster. i just thought that's the thought we want in our schools that children 7, 8, 9 years old are being told "trump's a racist. trump's a bad man. trump didn't really win the election." it's not fair. and i wonder if our younger generation snowflake, young people are weak because they're not allowed to think strong. so i urge parents to get involved, get in these schools, and find out what they're indoctrinating their kids with. ashley: and not only having it in the primary but on college campuses as well. katie, thank you so much for taking the time to chat throughout the day. we appreciate it as always. and this. starbucks says they will hire 10,000 refugees. they made that announcement. the owner of black rifle coffee says, well, guess what? we're going to hire 10,000 veterans instead. that coffee on the show shortly.
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why is the radical left so full of rage and hate? they still can't accept that trump won and they lost. now extreme liberals like elizabeth warren are trying to stop betsy devos from becoming secretary of education. why? devos angers the extreme left because she exposes their hypocrisy. devos wants low-income kids to have the same choices that liberal elitists have for their families. devos wants equal opportunity in education for all kids, and that makes angry liberals... even angrier.
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♪ ♪ >> one nation under god indivisible with liberty and justice for all. ashley: i would love to see stuart start a show like that. [laughter] a little song in it and gone. that was lady gaga at the super bowl halftime show singing "this land is your land" a very patriotic performance. avoiding political statements, people were wondering whether
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she would go down that road, and she didn't. it was a fantastic performance. thoroughly enjoyable. let's bring in tammy bruce. so she took the high road. >> yeah. ashley: and she didn't make a political statement. >> she didn't. and it was as a result our appreciation since she was expected to is even higher. look, she's the first real partisan who was very involved, big supporter of hillary, and a huge position, big bully pulpit there to not do something. after all we've seen with hollywood and the sag awards and. ashley: springston. >> this is a very good sign that this is a young woman who is obviously a fabulous entertainer. we want to be able to enjoy these people. and in their artistries and the nature what they can do, music brings people together. this kind of thrill reminds us that we are one nation. ashley: so entertaining. >> and technically the drones, using -- creating the flag. ashley: yes. liz: she makes it clear where she stands with the lyrics born this way. ashley: yeah, exactly.
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>> we know is where she stands. and americans love her. we love everyone. but it's a matter of enjoying them in this context, and she really hit all the right parts. ashley: terrific performance. by the way, this. bernie sanders on cnn yesterday called president trump a fraud. take a listen. >> i don't mean to be disrespectful. this man is a fraud. this man ran for the president of the united states. i'm going to take on wall street. these guys are getting away with murder. and then suddenly he appoints all of these billionaires. his major financial adviser comes from goldman sachs and now he's going to dismantle legislation that protects consumers. republicans, have the encourage to stand up to a trump's authoritarianism. ashley: that was bernie sanders. look, he does have a point, though, doesn't he, tammy? drain the swamp. get rid of the wall street guys. and then we have the goldman
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sachs alumni committee legislation. it does smack a little bit of hypocrisy. >> well, look, we're looking at a economy now that suffered under the left wing theory that you give things away for free. we've got to have people in government that know how things work. but at the same time, i find this to be rather rich. this is a man who we've learned through some of the e-mails that were out that he agreed to take it easy on hillary. she stood for talk about an embracer of wall street. wall street's lady there. he then endorses her, as did liz warren. you have a man who bought the $600,000 beach house, a man of the people, a socialistment. liz: yeah, but bernie is freaked out about tom price and nick saying i do want to cut back on social security and medicare. that's what the dems are coming in saying. >> they're not the president, and they can have that opinion. that will certainly be overriden but his main comment you heard there is brainers. billionaires. he seems to be in it for the
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people. ashley: i think that was his third house. >> yes. ashley: this starbucks says they're going to hire some 10,000 refugees but our next guest says it's all a publicity stunt and that his company is going to hire 10,000 veterans instead. now this. president trump riled out and taking to twitter this morning. of course he is. this time blasting the mainstream media for putting out fake news. again. more varney after this
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a half. now, we are not. we are an hour into trading. i cannot do my math and we are essentially flat. down 43, red hat 2072 on the dow. hang in and there is what we say. the big tech names as stuart lights to check in on every day. a lot of bread arrows as you can see. facebook, amazon, microsoft. my eyesight is terrible. alphabets and netflix all know below are appeared plenty of time to go yet in the day. in response, by the way,, starbucks made a player 10,000 refugees. our next guest says guess what, he plans to hire 10,000 veterans. welcome back. just welcome. first appearance. the company ceo, thank you for being here. we did a lot on this story when it was announced that starbucks had okay, we'll hire 10,000 refugees. okay, fair enough. you are making a statement, probably a reactionary one.
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what about other americans who could use a job. you're saying what about veterans? >> it's important for everyone to know someone will come out and make a press release defining themselves as progressive, they are definitive conservative options out there. coffee is better known and operated. it's been around two years pentagon over 50 employees, 60 now with the 70% veteran hiring. so if a company comes out -- >> a thousand will be huge -- >> and 17 other companies. ashley: that's impressive. >> i've also got the former ceo of panda express. he works for 511 tactical, with witches who i went today. we teamed up for 24 retail locations. i've got a plan for another 600 retail locations in the next six years. so it's not a joke. there are real domestic issues versus coming out as defining
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your company as progressive. we have an opportunity to vote every day with their dollar. let's use that dollar to vote for a company like lack rifle. >> did you have that idea the moment you heard of starbucks? >> absolutely. >> we often hear how bad veterans are treated through the va and the trouble they have getting health care. are there a lot of veteran struggling with that? >> the outcome of veterans typically about 2.5 million veterans. post-9/11 veterans. 5% unemployment higher rate than the standard unemployment rate. you fluctuate around five, six, 7%. this is a legitimate issue. the guys carrying machine guns and heldman province had been carrying a heavy load for a long time. i think that is a legitimate domestic issue. not only that, but it's directly related to the last 12 years of foreign policy.
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inconvenient in a couple hundred, maybe a thousand refugees versus going introspective as a country, taking a look at real issues. my company is veteran owned and operated. the second amendment and the constitution. we have an opportunity to face real issues, address them head-on and vote every day with their dollar. that's what i want the american public to do. ashley: we wish you the very best thank you for coming in. keep us updated on what you're doing. great project. enjoy your coffee, by the way. not bad. by the way, did you see "saturday night live"'s impression of sean spicer? it was by melissa mccarthy. take a look at your going to laugh. >> i am here to swallow bad and i'm here to take names. [laughter] and the fight against radical
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muslims. >> hello, donald. i have a riot. >> steve, you look rested. ashley: that was steve bannon, by the way. melissa mccarthy and sean spicer. you know, there's so much material for snl two years. you know, i know sean spicer is not particularly thrilled with melissa mccarthy today, but that was funny. >> she really nailed it. i thought sean spicer took it in stride. and fun up on "saturday night live," and suddenly in our living rooms every day because ever since you've arrived. even though i was over the top. briefings have been very contentious. melissa mccarthy, and mccarthy, doesn't get any better than that.
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trade to hear sean spicer's response. roller. >> askew. it was funny. i'd rather talk about the issues that the president is committed to helping on. but it's part of american culture. ashley: it is part of american culture. if you're big enough to not there enough then bring yourself in the public eye, why not. snl made fun of me. i think that's a badge of honor. anyway, steve bennett also taking -- we haven't heard his reaction to that, howie. but as i said, there's so much material. they will live off of this for the next four years at least. >> absolutely. the best thing to have been "saturday night live" this sarah palin and tina fey. we haven't heard much from steve bannon because he doesn't talk to the press much beauty is getting beat. "time" magazine, and i asked kellyanne conway about this and
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she said basically day, sheet, bannon are proxies for people who don't like the president and are looking to be that the staff as well. ashley: the president was up early this morning tweaking about fake news. just like cnn, abc polls in the election. sorry people, while border security and extreme dieting. i call my own shops largely based on an accumulation of data and everyone knows it. some big news media in order to marginalize. lies. howard, at some point -- what is your reaction to that? >> will come is fine for the president to push back what he sees as unfair coverage. but to go off on the pole i think is misguided. polls are not perfect and sometimes they're off. what about kinds of major news organizations including fox hiring professional pollsters, it is not made up stuff.
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there is a gallup poll that showed 49% of people support the president's order on temporary travel ban. that is a lot different than 90% of the media coverage that seems negative against it. in this case, the poll is not that bad. ashley: he's not doing himself any favors with a broad stroke. it actually hurt them because when he does make a point it gets lost. do you believe that? >> is a constant turn up in tight media fake news. after wyatt loses its steam. it's better to say that for the really egregious cases. ashley: somehow i don't think it's going to stop doing it. thank you very much. melissa mccarthy. let's take a look at the big word for it. how about that, trading off for an hour and 10 minutes. up a whopping one point. president trump calling iran the th state.
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the leaving the door open for a possible iran deal in theist, w future. more "varney" next. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list. (snap) achoo! (snap) achoo! achoo! (snap) (snap) achoo! achoo! feel a cold coming on? zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45%. shorten your cold with a snap, with zicam.
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this is where i trade andrs. manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. liz: president trump saying we may get a tax cut before the end of the year. reagan economist art laffer way man. he had this to say about it. >> we didn't get her full reform her full refund to generate first 1983, before it took effect. that is why we have the
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recession. what the koch brothers are doing is acting completely correct. that is one of the silliest things that i've ever heard. why introduce that now when you can just do tax reproduction and then get it on with it. i mean, the corporate tax, 35% to 15%, nothing else. just do that. let it prove itself and then you see everyone join onboard.
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ashley: happening now, the president trumps plan on the tarmac in palm beach, florida. air force one, there it is. spent the weekend at the winter white house. i believe he is going to mcdill air force base outside of tampa. that is the u.s. special operations command fair. he will be meeting with personnel, having lunch with literate folks and make some comments a little later on this afternoon. there it is. air force one sitting on the tarmac headed to tampa. vice president had said the expense education secretary nominee betsy devos to be confirmed. watch this. >> we are very confident that betsy devos will be the next secretary of education. it will be my high honor to cast the tie-breaking vote on the
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senate next week. ashley: he says that because two republicans had expected it to make it a 50/50 tie. vice president had to break the tie. >> is terrific in the sense of how it works. very, very close. the word is that there's going to be no other republican so it's 50/50. but interesting internally as that this sort is happening before the sessions for because if they were confirmed, the governor there would not have a chance to fill the slot soon enough. they need to vote for someone. otherwise, of course the sessions you would think would be the priority confirmation. that's why it's happening after hers because it is that close. but they'll have to and i think the republicans understand mitch mcconnell understands the seriousness about murkowski and collins will be facing in the fact this is a basic thing.
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ashley: she was widely criticized for her performance in the confirmation hearing. was that legit? >> that the letters susan collins, republican or main. they didn't think she was qualified and they basically feel that their parents and teachers from their constituencies are weighing in against her. that is who they were hearing from. so she is facing the highest hurdle to confirmation right now. they didn't like her answers about basically guns in schools when she talked about grizzlies coming in. the connecticut congressman master about that. they had major school shootings in connecticut. >> she could not explain how to measure progress and growth of students. i mean, there was a serious issue. >> murkowski and collins have a lot of money from the teachers unions and that's been discussed as well. ashley: 5150 we think. the president calling the iranian nuke deal the worst ever but still won't rule it out entirely. watch this.
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>> i think it's a shame we cut a deal like that and had to sign a deal like that in there is a reason to do it. if you have a good deal, we gave them $1.000000000 in cash, which is unheard of. we put the money up. we have really nothing to show for it. we will see what happens. they have total disregard for our country. they are the number one terrorist state. ashley: fox news contributor mercedes schlock joining us this morning. thanks as always. seems clear what donald trump is saying about iran. they are the number one terrorist state, sending money all over the place and weapons. you just can't do that. i think it's very clear. >> right. and i think to dismantle the iranian deal, that is actually easier said than done, actually. the reality is the fact that the united nations already moved on and push forward.
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there is no longer these multilateral sanctions, even speaker paul ryan came out and said it's going to be hard to scrap the whole iranian deal completely. it's a big challenge for the united states. we know that money is pouring into iran. we know ibm is using some of its funds to basically fund terrorist organizations like hamas and hezbollah. it really puts the united states the united states in a tough position because the only way we can respond is with tough language, may be additional sanctions as well as with the possibility of just continuing to stay strong against iraq but the possibility of getting militarily involved, which is not what i think president trump wants to move towards. ashley: let's move on to this. bill o'reilly asked the president about his relationship with vladimir. all that day. >> you respect putin? >> i do respect him. why? >> i respect a lot of people.
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that doesn't mean i'm going to get along with him. he's the leader of the country. it's better to get along with russia than not. if russia helps us in the fight against isis, which is a major fight in islamic terrorism all over the world, major fight. that's a good thing. like it a lot with them? i have no idea. >> putin is a killer. >> we've got a lot of killers did what, you think our country is that when a nsa? ashley: a lot of killers. you think our country is so innocent? that doesn't go down well. >> no, it doesn't. you never want to the russia on the same playing field as the united states, especially when defending freedoms and liberties. we know for a fact that russia there is oppression there. there is very little dissent. the party gets crushed time and time again in luton has ultimate control of that nation. he's a very aggressive player. i have to tell you, and it is
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driving the hawkish republicans crazy, the language of donald trump. what is donald trump doing? he's carrying out the russian talking points in saying they are bad and instead saying we want to have this dialogue with russia. part of it if they are trying to basically pull russia away from iran. that is their attempt. that is their goal. as you know, russia does supply an weapons, arms over to iran. it's a complicated relationship. will it be successful? can we trust russia? that is a tough call. ashley: why is he so reluctant beaks wrong way can russia and putin in particular? >> it is perplexing. i think part of it is that he does want to work -- president trump wants to work with luton on the icy situation. that's a priority for president trump. i do believe that he possessed in a difficult situation because at the end, russia has been aggressive in the middle east region.
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we know obviously again ukraine and the violence and funding the militants in that area. we know that u.n. ambassador nikki haley spoke strongly against the russian aggression in ukraine. it's a difficult call. ashley: it's fascinating. never a dull moment. thank you so much, mercedes. appreciate it. more of a o'reilly's exclusive interview with president trump on "the o'reilly factor" tonight and tomorrow 8:00 p.m. on the fox news channel. let's take a quick look at the market. we called this the dow stocks are doing, more red and green. that is for sure. who's leading the way? we have united technologies, apple, boeing. those are the top three stocks. we will be right back.
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>> i expect that they will reinstate the ban. ashley: ninth circuit court? >> there's 35 judges on that court. as the largest federal court in the country. the 15 western must state that the united states. go to the western part of colorado and then go all the way out to hawaii and not wear to alaska and everything in there as the ninth circuit, so it's
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enormous. one of the judges will hear oral argument tonight in hawaii. not going to fly to san francisco. it will be done. here's the issue. does the president have the authority to suspend immigration for an individual or class of people for national security reasons? the question is unambiguously yes. was it wise, prudent, just, was the role that proper? those are not issues for the quarter. the only issue for the court is does he have the authority. judge robards is a well made mainstream moderate republican background judge. when president trump says i don't think he is undermining the judiciary. i think he is saying the judges acting more like a politician than a judge. what is also interesting here is the plaintiffs are not people that couldn't demand.
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the state of washington in the state of minnesota. they don't have the standing to bring this. everything's clear. yeah, that would be great. being proactive... it's how edward jones makes sense of investing. as after a dvt blood clot,ital i sure had a lot to think about. what about the people i care about? ...including this little girl. and what if this happened again? i was given warfarin in the hospital, but wondered, was this the best treatment for me? so i asked my doctor. and he recommended eliquis. eliquis treats dvt and pe blood clots and reduces the risk of them happening again. yes, eliquis treats dvt and pe blood clots. eliquis also had significantly less major bleeding than the standard treatment. both made me turn around my thinking. don't stop eliquis unless your doctor tells you to.
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. . . . ashley: good morning. i'm ashley webster in for stuart today. here are big stories we're following this hour. president trump making big news with interview with fox news's bill o'reilly. tax cuts, stuart has been asking for, begging for, could be here by end of the year. if you were hoping for obamacare repeal you may have to wait a little of. 9companies, including some of the biggest names in tech, filing legal documents objecting to president trump's so-called travel ban. they say that ban could harm american business. oh, yes, it is a jam-packed
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third hour of "varney & company" and it begins right now ashley: but first, let's get right to your money. check the big board. those are what we call the market scan, 30 individual stocks on the dow, mostly in the red. although the market overall down about nine points. we were about level just about ten minutes ago. we started the trading session down 40 points. we're drifting along what i'm trying to say. trouble at tiffany's, the company's ceo out after less than two years on the job. tiffany's stock down 3%. different story at hasbro. strong holiday sales. why? disney princess dolls and games. couldn't get enough of them. 11 bucks up in the morning trade.
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pretty good. guess who is joining us. shaw ghailani. so nice to be here. so nice for to us have you here i should say. 20-k, we're still moving sideways. where do we go from here. seems what is coming out of the trump administration is bit muddled. hard for investors to get a sense where we're headed? >> things are a bit muddled out of the administration. we have nowhere to go but higher. there are certain reasons the market could go down. path of least resistance is it sill higher. first-quarter earnings come out soon enough. ashley: yep. >> 2015 first quarter and will be first quarter was horrible. earnings 7% below year before. '15. this year will be much, much better. market has that and discounting that already. we know earnings will be better.
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the dollar story, the dollar up 7% since the legislation, and now off 2.5% this month. we're seeing relief. market discounting that. ashley: what is interesting, donald trump telling bill o'reilly before the the super bowl maybe tax cuts come ahead of getting obama care repealed and replaced. i thought that may give more impetus to the market. apparently not. >> if we see them. they have to be put on the table. there is talk since the campaign about tax cuts. we haven't seen anything yet. i would have thought, i thought was one of the first things on the president's agenda to put that forward. ashley: you boldly predicted 21,000. why not? still feel that way? , when? >> that is drop in the bucket. that is only 5%. if we got tax cut information coming out of the administration we could jump that easily. ashley: that easily. >> there is nothing really holding the markets back. they're consolidating looking for good news. ashley: looking for an excuse to move up.
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>> looking for an excuse to move up. a lot of investors missed the rally. there is a lot of money waiting to come in. not a lot of negatives, major headwinds other than ones always out there. so the market really looking forward to the future. a lot of optimism. ashley: we talked about president trump telling bill o'reilly he expect as tax cut by the end of the year. at least hopes so. >> 2017 can americans expect a tax cut? >> i think so, yes, i think before the end of the year i would like to say yes. ashley: i would like to say yes. we would all like him to say yes. not a lot of conviction is what i'm trying to say i think. >> i think he is holding his cards to the vest. i think he puts something on the table in his first 100 days. i'm referring to getting it implemented by the end of the year. i think that is what he is referring to. ashley: having a plan in place. we want it physically in place. >> actually having a plan of
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action up early, voted on and having hopefully retroactive too. this is the optimism markets are looking for. ashley: last question as we drift sideways is there buying opportunity here? >> the tech stocks have gotten a little heavy and high. they have come down. apple at fairly recent highs. we bought other stocks at fairly recent highs. that is my conviction we have nowhere to go but up here. ashley: very good. stay right there, shaw. there is that obamacare might be delayed until next year? roll tape. >> maybe sometime in the next year, we'll be in the process. very complicated. obamacare is disaster. obamacare doesn't work. so we are putting in a wonderful plan. it is statutorily takes a i while to get. we'll be putting it in fairly soon. i think that, yes, i would like to say by the end of the year at least the rudiment but we should
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have something within the year and following year. ashley: let's bring in radio host larry o'connor on this. thanks for joining us this morning. >> good morning. >> i guess we couldn't expect this thing to move through quickly, when i say thing, obamacare. kick it out, bring something in nice and quickly we're all happy again. i use the word quagmire. it is very difficult to disentangle, isn't it? >> president obama announced his intention to create something with health care june of 2009. it doesn't get signed until march of 2010 t took a while. for the president to create full repeal and replacement he has to reconstruct along with secretary price and leaders on the hill, he has to reconstruct the american health care system. my kids kids the lego death star? did your kids put this together. that is giant and impressive. that is a long time to take to put together. it didn't take too long for my
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toddler to destroy it. if that is their intention to destroy it would be easy. things can be implemented, enforcement aspect of individual mandate. health and human services department determining which insurance plans are okay and which ones are okay. that is why so many people lost the health insurance. not because of legislation but because the way the administration actually enforced it under sebelius. i think a lot can be done. he was specifically responding to full repeal and replace. >> i want to fet to the tax cut part of this. >> me too. ashley: wish you had gone to that first. that is putting more money into people's pockets, allowing companies to expand and hire and so on. wishing he had gone that route first almost sound like a he flipped flop that. >> my sources tell me within the first 100 days we'll see something significant. not to channel mr. laffer who is
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in fact my spirit animal if they were to do just the corporate tax break, that by the end. year that would have resounding effect on the economy that would make changes to obama more palatable because the economy would be strong enough to sustain it. ashley: i want to get to immigration quickly. that is the other big story. >> yes. ashley: you could argue that whole thing will i understand the intention was botched into its implementation. now we're paying for that in some sense ending up in the court. what is your take on that? >> yes and no. judicial review is part of our process. there is nothing wrong with that necessarily. my understanding, certainly i'm not a constitutional expert, there are laws on the book passed by the legislative branch and signed by the executive branch specifically empower the president, the executive branch to make determinations if it falls under the guise of a national security. that is trump card if i can use the pun that is embarrassing. it will go through the process. there is i think pretty good
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standing for the executive branch to prevail. that said. you mentioned tech firms and hb-1 visas. these guys are acting like they're martyring themselves at feet of the statue of liberty and doing whatever they can to bring in huddled masses here. that is not what is going on. they want cheap labor. i'm all for cheap labor. there are americans with those stem degrees can dot jobs. they don't want to pay so much. ashley: i'm absolutely amazed at yemen, sudan, iraq, syria, had such a big impact on silicon valley. >> exactly. they do. not the one we want. ashley: yes, exactly. sarcasm. lowest form of wit but still funny. >> still funny. ashley: larry, appreciate it. >> thank you. ashley: we've been showing excerpts from this interview. get more of bill o'reilly's exclusive interview tonight with president trump at 8:00 p.m. eastern time. don't want to miss that. we have breaking news from
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the ftc on tv-maker vizio. liz: paying 2.2 million to the fcc and jersey, watch this, for spying on 11 million consumers. everything you watched on a vizio tv, california, company, what you watched on your tv, streaming, and dvds, they were packaging that information and selling it to advertisers including household value, sex, age, income. so they been told to stop this. been doing it for years. vizio is california company. watch this, hooked up with google home, right? the voice commands. this is big deal for all the tech crowd, are you spying on us via tvs. big deal for companies like amazon with "alexa". >> clearly don't like being spied on, deep breath everyone collects data, you, me, everyone sitting at table, around they sell that. advertisers.
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liz: wait a second. not what you're watching on tv. smart tv spying we've been doing this. >> always say let me finish. let me finish. some of this information is already out there but this is not new. the samsung tvs, smart tvs. right, right. to the words. so yes that is troubling this is settlement that will raise a lot of eyebrows. but that kind of data on us is already in place. every time you swipe a credit card put it in. liz: we're talking about what you watch second by second. that is what the order says. second by second. >> the data is so worthwhile to the companies in terms of advertising dollars. this will not going to ever stop. the fact we no about it a plus. probably too many things we don't know about. this is increasingly the state of things. ashley: let's take a collective deep breath. liz: i find it astonishing and disturbing. >> was the fine? liz: 11 million people. only 2.2 million. ashley: somebody get liz a up can of tea.
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liz: i have one here. hello, everybody. ashley: market been open a couple hours lear. as you can see we're hovering between slightly negative and flat. a florida congressman introducing a new bill to abolish the epa. details on that coming up. president trump's plan to easy regulation could be a boon for investors. "the wall street journal" says more than $100 million could be added to the economy. ♪
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that is up nearly 1%, gold. "the wall street journal" says banks could return more than $100 billion to investors if president trump's plans to loosen some regulations goes through. economist peter morici here. this is the perfect person to ask about this. peter, is this a boon for the banks? i said to art laffer, are they snake bitten and put the money into the economy we hope they will once the regulations are repeal and gotten rid of? >> they are repealed, they will. donald trump can not do much about the regulations. janet yellen announced she would takes it the other way, ratcheting up the stress tests would which require banks to keep more capital. ashley: $100 billion, that an exaggeration or do you think could be accurate? >> oh i think that could be darn accurate. the banks are holding awful lot of funds they don't need to hold. ashley: yeah. >> they're making a lot of money. they're not paying dividends he should be paying.
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if the banks get liberated from dodd-frank i think we'll see bank stocks really profit. unless they do it all in anticipation. i don't think we've seen the end of the anticipation. ashley: you wrote an article, peter, for "the washington times." you say that president trump's rough manner could actually restore a broken foreign policy, is that true? you think that? >> well he is i can shaking up the system. the hard reality our allies don't do enough for their own defense. making angela merkel wonder if the americans will be there might actually cause her to get some constitutional change. so her army could actually stand in harm's way to defend german liberty instead of our army doing it for her. she might actually start to worry about the fact that the ukrainians are inadequately armed, we better have them doing the fighting with german armaments which she could sell them, rather than for russians to succeed there, impose other threats. you know, she really reminds me
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of neville chamberlain. we'll give a little piece of the ukraine and it will end there, just like a little piece of the sue date tan land. ashley: in my hand i have peace. >> it seems he governs on impulse. i wasn't in the room when he talked to australian prime minister, given how much he dislikes reading briefing materials i wouldn't be surprised if he was taken off guard when he found out about those iranians he would have to take in the refugees. ashley: yes. >> what's this? he flies off the handle. he is not used to being controlled. i know ceos like that have been effective because their staff becomes adjusted to the staff. he will fire -- won't fire us. he is blowing up at people he can't fire. ashley: pretty much says it all.
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peter morici. great stuff. thanks for joining us. >> take care. ashley: a florida congressman introducing a bill, get this, to abolish the epa, get rid of it. liz: out of florida. he basically saying get rid of it devolve the powers of the epa back to the states. he wants it done by end of next year. this is adding to the outcry down in washington and across the country that you're basically undoing the epa you will kill us all by doing so. ashley: that rhetoric and gives voice to those critics. liz: freshman congressman. first bill on the epa introduced. ashley: first bill epa, wants to get rid of it. liz: 34 years old he wants to get rid of it. ashley: there are those who would agree with him. liz: those that probably not. long shot, moon shot bill. ashley: interesting. thanks for that liz. governments around the world reportedly duped to invest in billions to stop global warning
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ashley: this story will raise your eyebrows. or maybe not. world leaders duped into investing billions of dollars over exaggerated global warming data. more on this story. it is an interesting one, emac. liz: former federal climatologist. john bates. a 40-year vet. obama gave him a special gold medal. set whistle-blower saying wait a second, noaa has been saying -- ashley: was we noaa? liz: a unit of noaa apparently, right? adam: he was with noaa. liz: one of two principle scientists there. i'm a whistle-blower. i will go after the guys. there was a study saying the paws in rate of growth of global warming since '98. scientists at noaa tagged that. there is no pause. global warming is a problem.
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this guy, dr. john bates, the noaa's guys are fabricating, falsifying data. there is a pause. there is likely a pause since 1998 in global warming. adam: it was a study noaa put out in a rush before the paris 2015 u.n. global climate conference in paris. ashley: got it. adam: the data they used was flawed. noaa has gone back and said we have to update the data. ashley: having said, talking about global warming, maybe air force one landing to it, who knows. it is landing at mcdill air force base just outside of tampa air force base. he came in from his weekend at mar-a-lago on the other side of florida. he is going to be visiting the airbase there. u.s. special operations command. he will meet with some top brass there, having lunch with military folks. i believe we may be getting some comments from him later on, maybe early afternoon for the president as meets with the folks at mcdill air force base
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in florida. checking dow 30 stocks for you, we've been bumbling along. as we kick off the new week, unitedhealth and apple leading the way but not any great stretch the market essentially flat. president trump by the way is creating a special commission to on voter fraud. he is tapping his second in command to head it up. if you're feeling under the weather you're not alone. cdc says widespread flu outbreaks in 40 states. 40,000 cases every week. [coughing] more after this. ♪ when a cold calls... achoo!
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ashley: happening now, there is air force one. president trump arriving in mcdale air force base outside of tampa. another beautiful florida today. he will receive a briefing from the central command at macdill. he will have lunch with folks there and maybe speaking to the media. there is the brass waiting for the president to get off air force one. quick check of the big board
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for you, we've been essentially flat, up 7 points. we started the opening bell down 40 points. we're moving sideways and any analogy you want to use it is all accurate. president trump is putting vice president pence in charge after voter fraud panel. pence will lead an investigation into votes cast for the past election. guess what, all rise, judge napolitano is here again. thanks for being here. >> thanks. ashley: what powers does mr. pence have when he tries to get to the bottom of donald trump maintains is voter fraud? >> only the powers of persuasion. not the powers of coercion. if it were a congressional inquiry they have subpoena power. if it were an fbi inquiry, they could go to a grand jury to get subpoena power. i almost can't imagine the circumstances something outside of the justice department and not authorized, expressly authorized by the congress would have subpoena power.
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as well, he would need a budget, he would need investigators. ashley: right. >> would need others on the panel. all that is going to cost money. where is that going to come from? ashley: what will he do? state by state? >> that is also the problem. there is no national elections. ashley: no control center. >> you will have to target states. the president complained loud and long about california. he may have some evidence which the public is unaware, that would be passed on to the vice president. they begin their inquiry there. but i would suggest to him, of course he doesn't need my advice, this would be essentially toothless. ashley: he met with you in the past. >> we haven't discussed this. this would be toothless without subpoena power, forcing state officials to answer questions about fraud. now if there is no fraud, you don't have to force them. they are happy to say, we did our own investigation, an there is no fraud. show us the documents. well we don't want to share the documents. the subpoena would cure that
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issue as well. ashley: okay. >> on the other hand look, they may have something they haven't revealed to the public, the president and vice president. maybe there is some legislation coming down the pike. maybe will will be a very, very unusual congressional inquiry, headed by the vice president, who as you know is the president of the senate but normally doesn't function in an adversarial or inquestionser to role. ashley: have we heard definitely there has been voter fraud proven up to this point? >> yes. but very, very almost minuscule -- ashley: not on the scale president trump says. >> i don't believe we've seen evidence of that. here is the basic law. the statutes guarranty a fair election, not perfect one. all 50 states, person who got the most votes in each state got their electoral college votes. don't mean total numbers were perfectly accurate. the government doesn't take the
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time or expend resources to insure perfection. ashley: president trump's immigration order heads to court today. a federal judge wants to block it. what do you make of all that? where will it end up? >> probably end up 9:00 eastern time when i believe a telephone oral argument will be heard between lawyers for the justice department, lawyers for the states of minnesota and washington, who are the two plaintiffs in this case, and three federal appeals court judges in the ninth circuit. one in hawaii, one in oregon, one in san francisco. ninth circuit is enormous. they will hear oral argument and give a reasoned, well-reasoned ruling either tonight or tomorrow morning knowing the ninth circuit it will be written. i doubt it will come out tonight. ashley: you don't believe minnesota or, what is the other state, washington state, they don't have staning in this? they can't prove real harm?
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>> i don't believe they do. standing is a way to, that the constitution intentionally limits access to the federal courts to people who have truly been harmed by the defendant they're suing. has the state been harmed? they allege people that live in the state has been harmed. the ninth circuit where are the people, where are the plaintiffs, you want to pay for their legal bills, fine. we want to hear from them. one of the plaintiffs the state is representing is richer and bigger than the state, apple. [laughter] where are they? if they say they were harmed? ashley: wow, does it go to the supreme court very quickly, ultimately? >> if the justice department loses, yes. ashley: it is 4-4, lower court ruling would stand? >> somebody could look at this differently than our, our idealogical views of them are. ashley: very well-put. >> always surprises. ashley: always surprises. judge, thank you very much. >> you're welcome.
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ashley: and this, president trump telling bill o'reilly replacing obamacare could spill into next year. let's bring in dr. mark spiegel for that part, what we heard from mr. trump and bill o'reilly. could be now and next year. as a dr. in the medical community is that dispointing to you? >> not really, ashley, because i think what he really is trying to say is some parts are going to take longer to fix or replace than other parts. let me give you an example. the individual mandate, that should go right now? how do you enforce that? especially if you're telling people. by the way you're 25, let's force you to buy insurance, that should go right now. essential benefits package. that is why premiums are so high, inflating the policy with bells and whistles young people don't need. add a catastrophic option.
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president trump talked about that everyone should have the option right now, in case you're in the hospital or emergency room. that makes public health sense. cover things that are essential. offer cheaper, lower premium, lower deductible option. other things will take time. you want things portable across state lines. ashley: yes? >> you have to repeal a law in he affect since 1945. that takes time. you want health savings accounts. that takes time. more efficient medicaid, that requires something else put in place. my beauty, medical 3458 practice reform, the judge will back me on that, medical malpractice reform, that is entirely new law. some things will take longer but some things should be done right away. ashley: those critical things, does it not leave everyone in him by a little bit? it is not an easy fix. it is more complicated than people think. >> i would not use the word limbo. if you look right now, there are
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5% people less signing this year than last year. they don't want high deductibles. they're moving away from state exchanges that you pay $350 for the policy and government pays $250 which is ridiculous. high-risk pools will replace that that takes time. right away, right now i want to see individual mandate not honored. get rid of essential benefits package and give you a catastrophic option package. ashley: i get the train from connecticut. there are rolling petri dish. people are coughing, sputtering. i feel like, a lot of people that wear masks around. i feel like i stand no chance on that train. is the flu bug really kicking in. >> i will not block you from wearing that mask if you want. ashley: yeah. >> but the flu season is huge right now. widespread. 4% of all doctors visits right now are the flu. many every state of the union it is widespread.
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you can get your flu shot. i've been trying to get mr. varney to get a flu shot on the show the last eight years. still trying. ashley: he is waving at you, doc. there is donald trump coming off of air force one. he is in the tampa bay area. just outside of tampa bay. he will create military officials from macdill air force base. that is where u.s. special operations command is. he is meeting with leaders. talking about the state of affairs. getting their briefings. have lunch, don't know whether with the troops in the mess hall, you never know. at some point in afternoon i think he will have a few comments for the press. there he is waving. he came from mar-a-lago where he spent the weekend. white house south as we like to call it now. there he is in tampa just a short journey from west palm beach over to tampa. eventually, maybe he will be coming back to washington, d.c., later on today. we shall see. there he is getting in the presidential limo. we'll keep this picture up for you. you can follow the goings on as
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all the staff coming down the stairs there. beautiful day in pam at that. >> there is even flu in tampa. wash your hands. and don't sneeze on anyone. ashley: don't sneeze on anyone not on the train, please. let's switch gears. california's millenials continuing to flood hospital emergency departments because, this is another big story, because of heroin addiction. adam. adam: in fact in the first couple of months of 2016412 adults ages 20 to 29 were in the e.r., that is double the number the same time period. what they're saying the prescription opioid problem nationwide as people can no longer afford to buy those or get the prescription pills to abuse, they bo to cheaper heroin-based products. they're seeing overdoses and e.r. admit stances. >> so right the way he said that
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doctors are enablers. doctors have got to stop enabling this problem. ashley: creating the addiction. >> by the way, give me a percocet, give me a vicodin. when we stop prescribing it they go to heroin. ashley: we'll leave it there. thank you both. senator bernie sanders blasting president trump, says he is fraud for not doing more to crack down on wall street. you will hear about that next. it's a big day for queen elizabeth, judge? the first british monarch -- >> this is my special day. ashley: she is celebrating her sapphire jubilee. 65 years on the thrown. disrespectful judge. more "varney" after this.
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>> i'm nicole petallides with your fox business brief. right now the dow jones industrial average after a great day on friday is down 10 points but still holding that 20,000 mark. 20,0060 to be precise. s&p drops four. nasdaq down two. looking at mixed bag of dow winners and losers and mix of earnings season as well, united technology and apple are winners. intel, chipmaker did say it could double in a year as the company -- what they have seen. that is winner. downside we saw johnson & johnson, tyson foods. they did boost their profit outlook but there is. ec investigation going on. the stock is to the downside,
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fraud. this guy ran for president of the united states saying i donald trump, i will take on wall street. these guys are getting away with murder. then suddenly he appoints all these billionaires, his major financial advisor comes from goldman sachs. and now he is going to dismantle legislation that protects consumers. republicans, have the courage to stand up a, to trump's movement toward authoritarianism. ashley: well, joining us now former senator scott brown, republican from massachusetts. scott, thank you for joining us. so, bernie sanders says i don't mean to be disrespectful and immediately disrespectful calling donald trump a fraud. there are those that said you were going to drain the swamp and you were going to take on wall street and you do have lot of people from goldman sachs or you know, in the administration and now we're looking at deregulating the banks. does bernie sanders have any point? >> well, certainly i'm very intimate with intricacies of dodd-frank.
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i was there, ultimately voted on it. that being said, it is clear that it needs to be fixed. you have little banks, community savings banks, credit unions and the like, crop rave banks being subjected to the same rules and regulation of these large banks. i don't want wall street banks acting like casinos with my money but we also need to find a way they know it is broken. and the democrats, for the last eight years have not done anything or since it has been voted on last five years have not done anything to fix it. just fix it. i think what ultimately the president is going to do. he will obviously loosen some of the regulations that are strangling the ability for big and small banks to loan, to businesses, free up potentially $100 billion worth of new capital and energy in all of our economic sectors. so i think it is appropriate in time. i have to respectfully disagree with bernie sanders. that is bernie being bernie. ashley: you're being respectful
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too, saying to you what? >> exactly. ashley: scott as a veteran i know you might enjoy this. black rifle coffee, that company is pledging to employ 10,000 veterans, to counter starbuck's promise to employ same number of refugees. the ceo joined us earlier. i want you to listen to this. >> inconveniencing a couple hundred, maybe 1000 refugees versus going introspective as country, taking a look at real issues. my company is veteran-own and operated. i'm worried about my commitment to veterans, second amendment and constitution. we have the opportunity to face real issues, address them head on, and vote every day with our dollar. ashley: vote with your dollar. what do you think about that, scott? >> well, as you know i served for 35 years. i was a colonel, just say thank you. there are veterans-owned groups and companies trying to keep veterans employed, keep them off
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the streets, and really rehabilitate them. so thank you. i don't go to starbucks because i'm sick and tired of all their political statements, tell me what i can't do, what i can do, what i should do, give me coffee and muffins. that's all i want. i don't care about political statements. if it's a choice between those guys and these guys i will go obviously with the company that will hire veterans. i never go to starbucks ever. ashley: i agree, scott. good point. i can't let you go without talking about this, you're a new england guy. you must be pretty happy this morning. can you believe that game? >> absolutely. season ticket holder. i can believe it, absolutely. ashley: listen, a lot -- we heard some pats fans actually left the game, left the stadium at 28-3. were you tempted to turn it off? >> no. i didn't not turn it off obviously because i know tom brady and edelman and bob kraft,
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bill belichick, i'm a season ticket over. it is not over until it is over. i think others could tell the falcons were running out of energy. they were hyped up. you can only, four-hour game can take you so far. god bless the patriots, especially the fact they're going to the white house to see the president and i'm going to be there with them. amen. ashley: fabulous. love them or hate them, they just win, that is what they do. cot brown, thank you very much. >> ashley, thank you. ashley: check the big board for you, we bumble along. down about six points on the dow. down about 20,000. we're still above the 20-k mark. that is what we say. it has been rather quiet this morning. president trump threatening to defund the entire state of california if it declares itself a sanctuary for illegal immigrants. we're on it. don't go away.
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california if it declares itself a sanctuary state for illegals. roll tape. >> well i think it is ridiculous. sanctuary cities as you know, i'm very much opposed to sanctuary cities. they breed crime. there is a lot of problems. if we have to we'll defund. we give tremendous amounts of money to california. ashley: there is the threat, the weapon, if you like, if you try to do that, california's case, declare the entire state as a sanctuary for illegal immigrant he will take money away. liz: said entire state is out of control. los angeles, san francisco, sacramento, sanctuary cities. some state democrats want to basically declare the whole state a sanctuary state. we have can lex it? we saw the recent push to secede. this fight is picking up. he is adamant, do not have sanctuary cities according to the president. breeds crime. ashley: breeds crime. doesn't it encourage people to come here i am legally because
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you have safe harbor? liz: that is his argument. another fight the president is waging. ashley: some say california won't pay tax revenues to the, anyway, we'll see how that plays out. thank you. by the way, get more of bill o'reilly's exclusive interview with president trump tonight, 8:00 p.m. eastern on the fox news channel. president trump by the way touching upon foreign affairs in his interview with bill o'reilly, describing the iranian nuke deal as one of the worst ever. we heard that from so many people. adam, your thoughts? adam: the president is talking about that deal. ashley: yeah. adam: he stood up to iran. we put iran, united states, on notice for its ballistic missile tests. they have been testing ballistic missiles since the deal went in place. ashley: is that a violation? adam: no, it is not a violation. but this morning the iranians have said if the united states makes a mistake, then, tel aviv is only seven minutes away by missile. so rhetoric is, it is pretty
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huge. president trump also said, just remember this was a tweet, quote. iran on its last legs ready to collapse until the united states came along and gave it a lifeline in form of the iran deal, $150 billion. the president is standing up to iran. the iran says it is not testing him. they're rattling the sabre. ashley: and threatening sanctions of course as well. adam: 25 iranians, mostly have just been sanctioned by the united states. ashley: ralph peters said, should go a lot further. we'll see how it plays out. adam, thank you very much. we'll have more "varney" after this.
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minnesota, ontario, canada, edge land, france -- england, france, spain, they all saw it. that is kind of cool. >> yeah. >> it was the mir space station. ashley: yes. russian debris. with the dow just down about eight points, kind of a quiet beginning to the week. neil cavuto, you take it from here. neil: thank you very much. well, tom brady no doubt celebrating a very big comeback. do republicans need one of their own? president trump is signaling he hopes tax reform is coming and soon. >> 2017, can americans expect a tax cut? >> i think so, yes, and i think before the end of the year. i would like to say, yes. neil: i think so, i would like to say yes, that doesn't sound definitive to me. but maybe i'm missing something. senator bill cassidy, republican of the beautiful state of louisiana. senator, i'm getting the feeling that this is slipping away. is it? >> no. i think what you have to
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