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tv   Varney Company  FOX Business  February 9, 2017 9:00am-12:01pm EST

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time to get smart and winning again. president trump just tweeted that. thank you for joining us, have a great day, here is "varney & company." stuart: thank you, the hysterical left is making a lot the anti-trump noise, but the president rolls on, uniphased and winning. good morning, everybody. a win with intel. a 7 billion plan in arizona standing next to the president. and despite opposition, jeff sessions is about to be sworn in as attorney general. airline executives head to the white house. never before has a new president met with such a broad cross-section of american business and never before has a
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new president met such obstruction and emotional opposition. the american airlines chief was invited and he will not attend. he has a scheduling conflict. it sounds like a boycott to me. and senator schumer says the new attorney general makes me sick to my stomach and another says that jeff sessions puts hatr hatred. >> and tj maxx says destroy ivanka trump's advertising postings. and wells fargo because that support the decision to build the pipeline. and a resistance to all things trump. it's a deluge against our president, media, big tech, all against him. see what a new poll is saying. "varney company" is about to
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begin. ♪ >> there's a huge storm hitting the northeast. no snow at the white house just yet, but i have to tell you that some 3000 flights have been canceled. president trump meets with airline executives right there at the white house. i guess the snow would give some an excuse not to be there, but there is one executive who will not be there. and it's not because of the snow. who is not showing and why. >> he's the ceo of american airlines, doug pack parker. he has a conference. and the temporary travel ban he says is making operating conditions difficult and its turmoil and divisive going on. >> the leadership meeting is more important than meeting with the leader of the free
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world. what do airline executives want from trump. >> they're mad that some airlines are picking off customer. they get 50 billion, we've got emirates travelling from dubai to newark. qatar having 11 destinations in the u.s. they're saying wait a minute, we don't get the subsies -- subsidies. stuart: emotional and opposition to the president. senator elizabeth warren using extraordinary language saying that jeff sessions will bring, quote, radical hatred to the justice department and whoever put jeff sessions radical hatred into the justice department will hear from all of us, too. charles schumer said that his stomach was turned after the
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confirmation of jeff sessions. when jeff sessions was passed, it turned my stomach, i don't have anything against him personally, we're in the gym every morning, but to have a man with immigration on this, he's on civil rights and voting rights top three or four against the sacred rights, civil rights and voting rights, he doesn't belong there. stuart: well, joining us now, congressman michael burgess, republican from the great state of texas. congressman, women to the-- welcome to the program. >> thanks for having me. stuart: you can hear from my attitude, reading into the show, stomach turned and radical hatred. >> i feel like i should have gone back to the senate to offer senator schumer treatment for his illness. [laughter] >> i'm incensed. i can't imagine this outpouring
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of contempt for our president. >> he worked alongside jeff sessions, they were colleagues, were this bubbling under the surface. >> what's he up to? what's going on here? >> complete widespread opposition for all things president trump. they seem to forget the fact that american people elected donald trump and won a historical number of electoral votes and he is our president and in fact doing things he got to do which is why he got elected so i think the senator from new york perhaps ought to reconsider his position. stuart: are you ing to play haball when mitch mcconnell silenced senor elizabeth warren for her language against jeff sessions, that was playing hardball. are republicans in congress doing more of the same? >> the house is different, we play hard ball.
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someone made the comment, the house is rugby and the senate is golf, sometimes miniature golf. stuart: sometimes people want you to poun the trouble and morrow butts -- and more rowbust. >> you don't always to be the loudest in the room. i'm charged from the house side with getting rid of affordable care act and helping the people who have been hurt by the affordable care act. in three elections, 2010, 2014, 2016, americans said we don't like this health care law and now it's up to us as
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legislator, well, a lot for tom price i want him to be sworn in as health and human services it has to be at our level, in the subcommittee room. stuart: when are you going to have a plan to repeal and replace obamacare. >> i think you had a plan. stuart: american people want to know what is coming down the pipe. >> what is coming down the pipe are individual mandates and other mandates in the affordable care act. and in the senate rules 51 votes to pass the reconciliation process, that's the first step and starts the process. make no mistake, i feel this very acutely, there are people who at risk of losing coverage not because of something a republican might do, but because of the instability brought to the marketplace by the affordable care act and the previous administration. they broke the law.
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stuart: nobody is going to be left high and dry. >> no one can promise anyone anything in this life. the goal is to stabilize the individual insurance market which right now is in jeopardy. when people say, congressman burgess, you're a republican and going to take my health care away. i couldn't because the contract is set and the data from next year's contracts is delivered to the state commissioners of insurance. what could take your insurance away tomorrow is if the individual companies say we can't do this any longer and we have not the wherewithal ability to do it. that was by the obama administration when they broke the law and it was never authorized by the state congress, we sued them in court, they lost, that's what's in trouble. stuart: congressman burgess, found the table for of us. >> you ask, we deliver. stuart: thanks, we appreciate that. senator blumenthal, democrat
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connecticut said judge gorsuch was disheartened and then called the word by trump president trump abhorrent. and sources say that he never used the word abhorrent. and then the tweet. senator blumenthal never served in vietnam and lied, and-- >> if judge gorsuch said it's disheartening and demoralizing what president trump said about the court system, is that ground for president trump to drop him and say, you're going against me at this point, goodbye. >> i doubt it very much. judge gorsuch is a bright guy and probably ran past the team before he used them.
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they're soft words. demoralizing and disheartening. the abhorrent word was the view of president trump's criticism. now, presidents have been criticizing courts for 230 years. president andrew jackson lost a colassel battle in the supreme court said once referring to chief justice marshall. sayingudge marshall made his ruling, now let him enforce it. in this case, i think that president trump is correct, the questions asked by the trial judge who imposed the temporary restraining order and the three appellate judges in the 9th circuit to which we all listened the other night were highly politicized questions. where did the president get the seven countries from, what studies. ashley: irrelevant. >> absolutely irrelevant and therefore, answers are meaningless. the issue is, did he follow the law and did he follow the constitution, not what was it
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the right thing to do. my late friend justice scalia had a sign on his desk, stupid, but constitutional. we don't care about the latter, we care about the former, were the court another legislative. hold on a second. this is live news, breaking news, it happens all the time. about the dakota pipeline. liz: construction has begun on the final stretch of the dakota pipeline. highly contested by the american indians. they started it. stuart: they've started it. that's the news. liz: they've started it. stuart: away we go. we've got it. back to the judge, protesters in phoenix tried to block immigration offices after the arrest of an illegal alien, a convicted felon. seven protesters were arrested.
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here is a situation the left is trying to protect from deportation, a criminal alien, i mean, this goes to the very heart of sanctuary cities. >> listen, i support their right to protest, i don't support their right to interfere with a government al action as arresting. she was convicted of identity theft. her husband and her child, her infant child are american citizens so there's somewhat of a consideration here that the family is being broken up, but you can't stop the police from an arresting something and the conviction of a felony is the classic basis for deportation. the obama administration suspended a lot of deportations of those convicted of felons, when there is an american citizen in the family. either the spouse or the child. stuart: okay, this is going to happen a lot. >> yes, yes. stuart: it's going to happen a lot. >> i don't know if police arrested the protesters. they normally don't unless interference with the police function is substantial, if
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they can swoosh them aside and let them protest all they want. stuart: there is going to be cases in sank wear -- sanctuary cities, without americans in the city, and there will be protests. >> the mors of seattle, the mayors of cities that want to-- . stuart: that puts the mayors in the cities in an untenable city. they're going to be defending with taxpayer money convicted criminals who should be deported. >> your friend rahm emanuel, i'm kidding when i call your friend, he's setting aside an enormous amount from the city, to defend them and it's a waste
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of taxes. stuart: the president says i'll take your money off you if you do that kind of thing. is he going to win? >> yes and no. he can't take the money from them retroactively, so chicago in 2018 you've got 10 billion coming. here are the strings, number one, you will not resist arrest for illegal aliens. and you'll cooperate with ice when they're looking for someone. accept the money and accept the string. stuart: it's a winning proposition. >> it can't happen overnight. >> cities and states never turn down the cash, no matter how onerous for the cities. stuart: another win. the markets seem to be shrugging off this gridlock and intentn emotional opposition
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for all things trump. we're going up a little bit at the opening bell this morning. a couple of individual stocks, whole food will be down at opening bell. they lowered their outlook, they look forward and say how much money are we going to make? not as much as we thought. and they're closing some stores and sales are down. twitter, they're going to be down big time, down about 10%. why. liz: they were down more than 11%. what's happening, flat user growth. disappointing revenues and look at this number, the cash flow number. that means twitter is not making as much money as wall street thought it would on user growth. by the way, less daily active users than snapchat. >> what puts me off is this stream of hatred that comes across. liz: and multiple new plans every week to stop the twitter
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abuse. stuart: i've got to tell viewers, a mild-mannered doctor has been watching my display of emotion. you're wonderful. you've sat there quietly and made your case. liz: are you a shrink? >> don't analyze me. liz: just kidding. stuart: all right. now the financial sector, that's the biggest winner in the s&p 500 since election day. the financial sector is up what, 17%. banks are up 24%. investors betting on the rules on banking will be loosened by president trump. the only analyst on a regular basis is this man, dick ve. how are you, dick? >> good, how are you. stuart: you're on this program because you're the guy who said the financial sector is going up and it did go up. that's why you're here. >> well, you know-- >> wait, wait wait for my
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question, is it going up more? >> it will, but i think there will be a pause. i don't think that people understand bank stocks. the reason they're buying is based upon assumptions which are not really correct. number one, there's not going to be any adjustment of the meaning in dodd-frank. number two, rising interest rates are as harmful to banks as they are beneficial. in order, and you mentioned this before. stuart: i've got to go back to dodd-frank. you're saying there's not going to be any meaningful change with the banking or regulations in dodd-frank. there's not? >> no. stuart: i thought it was going to be chopped up and taken apart with executive orders. >> well, think about how banks make money. they're no different than manufacturing companies. they take in raw material, deposits, capital, borrowing and manufacture a product, loans, investments, which they sell.
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all right, if you really want to help the banks, you have to do something to affect the ability to gather funds or to sell products. >> todd frank is not-- or at least the discussions about dodd frank have nothing to do with either of those things. if you really want to help the banks, you have to ease the capital rules, you have to reduce the liquidity requirements and that requires focusing on the federal reserve. you can change, get rid of dodd frank altogether, if you do it, the federal reserve doesn't have to change anything. stuart: if you're a trading kind of investors, someone who buys and sells a month or two later, that kind of investor, would you advise buying some bank stocks that have done well and pause, get out of it. >> i think that taking a little profit is not the worst thing to do. i think that the basic trump program is a good friend to the banking economy. what it does, it create the
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opportunity to lend more money. if you're going to build a wall, bridges and tums, chan change-- and tunnels, changing things. that's where mr. trump, president trump is going to have his greatest impact. stuart: dick, 20 seconds. have you sold some of the bank stocks on which you own. >> i'm not going to sell. stuart: you're not selling. as long as we know. a privilege to have you on the show. >> thank you. stuart: every day we have an amazon story. today it's breaking news on amazon. what is it, liz. liz: two new fulfillment centers built by amazon, 2000 jobs in california. that's what they're talking about. they've got a number of fulfillment centers. we don't know where they'll be, they did stay they'd create 100,000 jobs.
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stuart: they're gigantic, i want to go to one. liz: i do, too. stuart: we'll go together. [laughter] >> intel's chief goes to the white house and says he's going to invest 7 billion in america. meanwhile, apple's tim cook telling his employees from scotland, stand up to president trump. a lot more about all of this in a moment.
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>> this is moments ago, airline executives arriving for the big meeting with the president. he's expected to make remarks at the meeting and we'll bring them to you as soon as we get that tape. that's happening now. all right. while intel's ceo, he was at the white house pledging to spend $7 billion for a chip factory in arizona. watch this. >> it's an honor to be representing intel and to be able to announce our $7 billion investment in our newest, most advanced factory 42 in chandler, arizona. stuart: he went on for a while and it sundayed look a commercial. that's another story. apple's chief tim cook clearly opposes the president talking about his immigration order. here is the statement from tim cook. if we stand and say nothing
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it's as if we're agreeing. apple wouldn't exist without immigration, we stand up. we don't sit in silence, steve, as in steve jobs was a son of an immigrant. scott, this kind of position taking by apple, does it make you not want to buy apple stock? >> well, stuart, unfortunately, i think you have to buy apple stock here because their products are still pretty good. we're all addicted to them, but it's not unlike apple. remember, a few months ago, a year ago, they wouldn't unlock the iphone for the fbi. and they've taken positions and stand alone and pander to what they think is their their stronger customer base. it's anti-american, in my opinion. stuart: i think you're right. politics of apple enters into the investment decision as to o that stock. scott martin, stay there, we'll bring you back for opening bell. check the price of twitter stock, it's going to be down and down huge today.
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it's not making money in spite of all the free publicity it gets from the ever-tweeting president trump. happening now, mr. trump meets with executives to the airlines at the white house. one missing, the ceo of american airlines. he's not going to be there. the trump rally, not so much the trump rally, but the trump presidency, and it keeps rolls along. back in a moment. mplex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. hidden in every ing,
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>> it's thursday morning. in five seconds that market opens again. we're expecting a very modest gain. bang! it's 9:30, very modest indeed. we've got a lot of green on the left-hand side of the screen. most of the dow stocks are looking pretty healthy now. modest gains all around. i've got to highlight twitter, less money coming in. less usage of twitter, despite all the coverage they get from president trump and his ever present tweeting. the stock is down 9% in the very early going. look at whole foods. not only has it lowered its outlook, it says it's closing, i think, nine stores and sales are actually down. whole foods back to $29 a share. we're going to take a live look at the white house.
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president trump meets with airline executives as of right now, they're all inside, but one is not there. the american airlines ceo, he apparently has better things to do. we'll discuss that. joining us, elizabeth macdonald, scott martin and maria bartiromo. you know, maria, it sounds like an excuse to me the executive from american airlines, a scheduling conflict. maria: the presint calls, you've got a scheduling conflict. bob iger had a board meeting and they talked about him staying on. nonwhat american airlines has going on? sounds like ideology to me. stuart: and there are some staking out positions opposing president trump and never seen anything like it. maria: i've never seen anything like it and i think they're doing so at their own peril. i think that president trump is the kind of guy who is not going to forget that, and not necessarily get back at them saying, look, they're not being part of the solution. i'm trying to create jobs, are
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you a part of the problem or part of the solution. stuart: united airlines, all of those airline stocks are up a little bit today. despite a huge storm in the northeast and 3,000 flights are canceled. airline stocks are up. the markets are shrugging off the emotional opposition to president trump and his administration. they're strugging it off. the dow is up right now. scott, come in, please. you manage money, appears the market is not all that pertu perturb perturbed. >> nothing i like to do more than talk about money. whether in it's oil based companies, traded here on the s&p 500, the market is longing long-term. looking at tax reform, regulatory reform. if you're an investor and see a pull back in a stock you like take that advantage or opportunity because longer term under president trump, i think that stocks are going up.
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stuart: maria, doesn't it also say all of this intense opposition is not actually going to change things. maria: it's not going to change things. stuart: president trump is going to get most of what he wants. maria: he's going to get his cabinet as well by the way. i think on the heels of what you hear one ceo say, people are just jumping on the band wagon. we know silicon valley was all in for hillary so they're losing themselves. they don't like what's happening. they don't want to see presidentrump in office. stuart: it's kind of funny in a way. it's funny. i hate to see this, this emotionalism, this temper tantrum. maria: what's it going for shareholders? what are they doing for their political rants for shareholders? >> interesting with nordstrom. the president went off on nordstrom and the stock went up. and a lot of shoppers will go--
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somebody went up 4%. maria: nordstrom you'd think would go down if it's boycott. but it was immediately on twitter. stuart: there was another stock that went up because they'd opposed president trump and people would now say everybody will go after it. i digress. maria: the point you're making is an important one. companies are getting to see an impact from what they're doing. whether it's a stock move or people boycotting. there's a direct impact with what these ceo's are saying and doing as a result of donald trump. stuart: thank you for straightening me out and visiting our program. we appreciate it, maria bartiromo. maria: thank you. stuart: i do have to talk about twitter. they get free publicity from the president, the leader of the free world, but they can't make any money and usage, am i right in saying that, usage is down. liz: and it was nordstrom. losses nearly dunoubled, and snp
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chat has more daily active users than twitter. stuart: is that right. liz: you wonder when the ceo said we should have done a jerry seinfeld and get out at the top. maria: thanks to jack dorsey. when asked donald trump using twitter so much. he said it's complicated. it's not complicated, jack dorsey. this is a gift. not complicated. [laughter] >> dow jones average in the first five minutes of business is up a nice 35 points. just shy of 20,100. big names, you know them. netflix close to the all-time high. how about facebook? yep, 134 on facebook right now, high. apple 132, way up there. a federal judge blocked the
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proposed $48 merger of anthem and sigma citing harms to customers. tesla is going to start building model 3 test vehicles this month, and for mass market vehicle that will go for about 35,000 bucks. tesla is on a tear, up about 268 right now. coca-cola reports 7th straight drop in sales. hurt by a strong dollar in overseas markets. this is not soda, it's all sales for everything the company puts out. down again. viacom, they own mtv, comedy central nickelodeon making business from the film business and affiliates as well. viacom up nearly 5%. parents of dunkin' donuts and baskin robbins. a lot of winners today.
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amazon, snap chat giving them a billion dollars. what's that. liz: a big move by senatechat in advance of the ipo. it's says it's going to spend a billion on amazon's cloud services for the next five years to use amazon over microsoft. it's in addition to the contract with google. ere's horse race between amson, microsoft and google. stuart: and amazon, jeff bezos vigorously against donald tru trump. and "the washington post." maria: jeff bezos owns washington post personally not amazon. it's the family. stuart: right there. gopro is near an all-time low. nicole, you want to tell me what's going on.
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nicole: gopro is a name that disappointed since the ipo. this week it's down almost 17%, they came out, and they missed it. there is a guy using a gopro. more people need to use them. they're not seeing the demand and goldman sachs noted for the holiday season, they had delays for their drone and also for their new camera. it's been a total miss since the ipo. down 75%. since the ipo in 2014 is. and you have competition and cheaper alternatives. so, gopro seems like a great concept, but it's been a total miss for anybody who believes in the product and them getting out new products. it's a miss and you can see the down arrows, 17%. >> that's a huge drop. thank you very much indeed. best buy has oculus rift virtual reality displays. you can use them, try them in the stores. and the news is, they're taking them out of the stores.
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some stores went for days without a single person trying them out. and i thought that virtual reality was the great thing of the future. apparently i'm wrong. the oculus rift is done by facebook, so the stock is down a little bit. maria: a lot of people are getting into virtual reality, it's a growth area of technology. is it that big of a deal. stuart: you know what we said in o production meeting, people don't like putting something on their head. mari yeah. liz: getting dizzy from it. stuart: scott, are you laughing at me. >> i won't mention the amount of money i would see to have you put a vr device on your head. i agree with maria, vr is a cool technology and it's part of the future. the display thing, no one goes to best buy anymore and that could explain why they're not seeing the visitors. >> that's a diss.
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let's go to whole food. they've lowered outlooks, sales are down and feeling the heat of grocery chains that are offering organic food for less money. it's on the down side. seattle, davis, california two cities, cutting ties with wells fargo because that bank is a lender to the dakota access pipeline. give me a break. maria: give me a break is right. give me a break. once again, politics and ideologies leading business. and it's wrong. stuart: yes. maria: and again, it's not doing anything for the growth story of the company. it's not doing anything for shareholders. why are you voicing and pushing back because of politics? connell: you know, wells fargo is one of a large number of lenders. are they going to remove money from those lenders, too. stuart: it borders on childishness. maria: it really does.
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stuart: like a temper tantrum, and stomping your little feet. maria: and same with ivanka trump. stuart: and tearing up the posters. wait a second, this is a really good story. i'm just getting into this one. three congressional i.t., information technology, i.t. employees have been fired for accessing members' computer networks without permission. maria is on the show, knows more about this. can you fill me in. maria: the names, the three people fired, were abib, imran and jamal were barred on thursday because they accessed congressmen and congress people's computer networks unauthorized at a minimum, they were fired, haven't been arrested yet. at a minimum they accessed computers unauthorized and did so in foreign intelligence, foreign affairs and intelligence committee. they were getting very
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important information, government information, they accessed the computers and that's the least of it. there's also some talk that people a looking into what ties they have to terrorism. do they-- are they impacted by the muslim brotherhood? are they a part of the muslim brotherhood. one has a criminal background. a couple of questions here, why, how is it possible that three brothers are hired, muslim brothers, i'm just saying, to work in congress, and deal with our most intelligence and sensitive information number one. they were all making $160,000. why were they paid so much? 22 years old. one of the guys was. the other was 25. making $160,000, $161,000 and $1 6 5,000 and one has a criminal background. liz: i hear what you're saying, they handle the-- . they got information on benghazi, by the way. liz: yes, they also worked for
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many democrats in these houses. stuart: good god. maria: they're thinking maybe they could be, also, one of the people -- one of the reasons that debby wasserman schultz' account was hacked. there's so much more on this, stu, an incredible story. i think it's amazing. stuart: maria, that's had an extraordinary story. thank you for bringing it to us and thank you for coming on the show. if you're not careful, you'll be back. scott martin, thanks also to you, and we appreciate it. modest gain, just shy of $2100. i think we've got the house, homeland security committee says that 2017, the terror forecast for the u.s. and europe is alarming. i've got details on that one coming up. okay. the corporate opposition against president trump mounting. tim cook tells apple employees, stand up to the president.
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retailers dropping and distancing themselves from ivanka trump's clothing line. we're back in a moment.
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>> better check this one out, sports fan. a fight breaks out at a knicks game. it wasn't on the court. it was off the court as you can see. liz, do you have any idea what happened here. i see a lot of pushing and shoving. liz: this is the problem with the nba, look at this fight breaking out. stuart: who was involved here. liz: i'm trying to get the name for you. charles oakley was arrested. this went on for a number of minutes and upset-- people are taking selfies and posting it on the internet. it's a nasty story and one the nba has been dealing with chronically. stuart: that's the knicks last night. happening as of right now at the white house, president
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trump meets with airline executives, however, the ceo of american airlines, was invited, he's not there. this is another element in corporate america, lining up against president trump. now, the ceo of american airlines says he's got a scheduling conflict. i can't imagine what is more important than meeting with the president of the united states. it sounds like a boycott to me. disney's bob iger, he skipped out of a meeting with the president and then he spoke out publicly about those travel restrictions. opposes them. that's bob iger at disney. this is tim cook at apple. he's speaking out against trump's travel restrictions and made his comments to students in scotland. in ordnordstrom removing icahei trump's clothing mine and starbucks pledges to hire 10,000 refugees, giving legal counsel to them.
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lisa booth joins us, washington examiner columnist. it's an extraordinary list of corporations lining up in opposition to president trump, i've never seen anything like this, have you? >> i haven't. this certainly does smack of politics, but i think there's a missed opportunity for the ceo's declining to meet with the president, specifically the companies that have dropped out of his economic advisory counsel like uber. i think it's a huge missed opportunity. you would think as the ceo and business owner, you would want to help, have a hand in shaping the economic policies of this country, and ensuring that the president does focus on things like deregulation and positive economic policies that would ultimately help your company that you would be the beneficiary of, economically. so, that doesn't make a whole lot of sense for me. it sort of seems like a dumb move in my mindset. so doesn't make a lot of sense to me. stuart: i'm just wondering when this stops. at the moment the momentum is
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with the boycotters, it's with the opposition to president trump, but he seems to be taking it all in stride. it doesn't really interrupted his progress as president and hasn't interrupted whahe's doing or his scheduling. i think he's riding through this? >> oh, yeah, president trump, he should not engage in any of this. he should just be focused on doing things that are going to help the everyday american, the forgotten men and women and people he reached out to and able to get a lot of blue collar workers, and rust belt workers who haven't voted for a republican since ronald reagan. those are the folks he should be concerned about and his focus should be about deregulation and focusing on a lot of the policies that are going to help businesses grow and help manufacturers, a lot of the companies hard hit by the regulatory burden of president obama. that should be his focus and so, if i was him, i would just try to not worry about any of this, not focus on this and
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really just focus on those people he's so successfully reached out to during the campaign. stuart: he seems to be blowing right past it. >> yes. stuart: lisa, thank you nor joining us. >> thank you, stuart. stuart: the dow jones industrials are hanging on to a lead. the dow to up 26. a ride into syria, 11 terrorists dead in the raid. details in a moment. the future of business in new york state is already in motion. companies across the state are growing the economy, with the help of the lowest taxes in decades,
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>> several high level meetings at the white house today. including one withenator talking about the supreme court. now, liz, which senators are there. liz: nearly a dozen. four people are looking at are basically joe manchin, heidi hydecamp up for election in 2018. and the president trying to smooth the way for the neil gorsuch vote in the supreme court. >> the president is going to say, vote for judge gorsuch, if you don't, you'll be strung out for 2018.
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listen up. liz: we'll be watching for you . stuart: stocks in the news, netflix, 144 on netflix. tesla, a 52-week high and start building the model three car, that stock is on a tear, 268. big gaining gain. >> a ride into syria by u.s. special forces and 11 terrorists are dead. liz: this is coming fast on the heel of the yemeni raid and congressmen need to apologize for saying that was failed. and the syrian raid comes as raqqa is continued to be squeezed. we're hearing from top intelligence officials, as this crackdown proceeds, there could be a terror for the west. stuart: president trump is prared to takeilitary
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action like he said he would, and that raid was launched by him. liz: yes, that's correct. stuart: good stuff. get this, big, senior people in the republican party meeting at the white house and pushing for a tax increase, yes, it's a tax increase, but it's a carbon tax. you'll get my take on that in just a moment. coming up a few minutes from now, trump's counsellor kellyanne conway live from the white house. yes, the second hour of "varney & company" jampacked. three minutes away. so for once i've got plenty of time. what's going on? so those financial regulations being talked about? they could affect your accounts, so let's get together and talk, and make sure everything's clear. thanks. yeah. that would be great. we've grown to over $900 billion in assets under care... by being proactive, not reactive. it's how edward jones makes sense of investing. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph.
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stuart: big meeting at the white house this week. some of the biggest names in the republican party, in republican politics were there to push for a tax increase. i think this needs some explanation. the newly-formed climate leadership council pushed for a carbon tax. that is, a tax on fossil fuels, oil, coal, gas. the money raised would be paid back to every citizen, with a check in the mail.
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every three months. wipe out president obama's climate regulations. substitute a tax on carbon. discourage carbon emissions. turn the tax revenue into income for all of us. yes, it is a radical proposal, and it comes from the right. couple of points. this would be climate action without big government, and it would be another shift in tax policy, moving away from taxing what we earn, moving towards taxing what we buy. it is true to say we have railed against any and all new taxes on this program. it is also true to say that this carbon tax is a very, very long shot but we should also tell you that it has the support of some environmentalists and republicans proposing it are powerful figures in conservative politics. have you ever seen polar political opposites come together in agreement on anything? maybe on they will. in a minute, kellyanne conway joins us.
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she is a powerful political figure. kellyanne conway was inside of that white house meeting. the second hour of "varney & company" is about to begin. ♪ stuart: president trump holding that meeting with airline ceos at the white house. however, he said something about taxes, what? liz: he will make a tax announcement in the next few weeks. that is all we have. stuart: but that is important. on this program we said please, when do we find out when we get the tax cut. liz: that's correct. stuart: the president now says in a few weeks? liz: remember we talked about before it could be delayed. now it's a few weeks. possibly a tax announcement. stuart: a few weeks. joining us now kellyanne conway, counselor to president trump. kellyanne, the tax announcement we just heard from president
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trump in a few weeks. can you tell using more about this. a lot of our viewers are investors and very interested in this. >> stuart, sure, thanks for having me and giving me the platform today. president trump had tax reform, middle class tax relief central. he will make good on the promise. i remind everyone in june 2001, president george w. bush working democratically controlled package was able to push his tax reform package through. this is much more bold an ambitious. we're looking at the 1986 tax cuts by president reagan. we're looking at realities of today's economy and unaffordability of everyday life many american families tell us here in the white house b taking the joke off of businesses as well. they feel so strangled by these regulations by the tax system, the corporate tax rate is among highest in the world. it really affects the ability of our employers across this country to attract and retain
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quality workforce and expand and survive and prosper. we're very excited in next couple weeks. president will make a statements working closely with capitol hill, leaders in both parties on this matter. we would like to have omb director and secretary of the treasury confirmed. that would be great, stuart, so we can move forward with the full tax reform package. stuart: just the news from president trump when he talks about in a few weeks, you will get the tax package. once we know what's in it then investors and businesses can invest on that basis. this is very big news indeed, kellyanne. >> it is big news, stuart. by the way you know, that's right. the stock market really likes president trump's administration. you see the response he has received. matter of him making the comment seeing tax reform in a few weeks. the market likes that. it responds to free market solutions. they have had eight years without them. stuart: kellyanne, when that announcement was made on this program a couple minutes ago, the dow was up 25 points.
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now it is up 50 points. i think you moved the market, kellyanne, thank you very much indeed. i do want to ask but the meeting on wednesday about the carbon tax. i know you were in the meeting. i know it was a private meeting. clearly you're limited in what you can say about it, but i wonder if you can tell us what is president trump's reaction? is he open to a carbon tax? can you tell us anything like that? >> president trump was not in the meeting. we don't discuss contents of private meetings. this is typical of listening sessions white house and white house officials are having with different individuals who want to express what they see as best practices or talk a little bit about issues they're facing or important to their constituents or their consumers. there is no policy coming out of the white house or this administration based on the meeting. stuart: thank you. >> at this time. at this time. stuart: little tag there. you're facing non-stop, i'm going to call it hysterical opposition from the left.
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are you prepared for another four years of this? is that what you're looking at? >> i'm prepared for eight years of it, stuart. i will be here to serve the president and he is here to serve the american people. we know our mission here. we're impervious to the naysayers and critic. we don't mind tough questions and tough coverage. we want full and fair coverage. we're not getting it many corners. this is presumptively negative and snarky. not resptful of the office and president and current occupant but matters a little bit. here is why. donald trump as a candidate, as republican nominee, as president-elect, indeed now president, he has masterful brilliant way communicating, connecting with people on his own. doing it through social media platforms and listening sessions. we have the pool in there, the press pool to witness listening sessions and hear questions and comment being made. sean spice hears his daily press he have briefing here, our press secretary right behind me.
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we're very open and trying to explain to the policies of this administration. people will choose what they cover and we just know, you have no idea how many people we hear from. you have no idea how many people we hear from keep on going, do what you're doing. keeping your promises. you see the morning "politico" poll today shows pluralities of americans, if not majorities, they really like the substance what he is doing already. washington is not used to this. all the institution, establishment and protectors of the status quo are not accustomed to somebody that delivers results and performs in such short order. stuart: the president is meeting with airline executives it at the white house. we're told that the airlines want that some mideastern carriers have their business in america limited because they're so heavily subsidized by the governments overseas. do you think the president is open to that kind of thing?
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>> i won't discuss contents of a private meeting like that. he is in there right now concluding that meeting. then we're going to swear in our new attorney general jeff sessions. speaking of negativity. i was really so struck and so personally moved by senator tim scott, only african-american senator currently in the chamber, reading tweets and comments that he received allowed yesterday, calling, showing that how quote, tolerant the left is, where he is called awful things and that people are saying he should not support senatosessions and he spoke very passionately and substantively why he supported senator sessions. disgrace to the black race. shows how intolerant the liberals are calling him names and questioning his credibility as an african-american man. tim scott, i work with him over the years. he has amazing live story and a wonderful record in the senate.
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known as honest broker and independent voice. really a great policymaker. i'm really proud would come for and show all the slop and cesspool crap thrown his way by people that pretend they're tolerant. stuart: i don't want to throw this at you, last minute kind of thing, but we're told, that some i.t. people in congress have been fired, and they have been accessing the private information of members of congress. that the people who have been fired are muslims. do you have any knowledge of this? any comment? >> i have zero knowledge. i can't confirm that at all. first time i'm hearing of it. stuart: seems to be a big story developing. we'll be very much on top of it. we hear supreme court nominee neil gorsuch calling president trump's criticism of the blocking the travel demoralizing, disheartening. does this put judge gorsuch out of favor with president trump. >> no, not at all.
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president trump supports his nominee to the supreme court neil gorsuch completely. his nominees to the cabinet, many still unconfirmed, record number, speak their minds and express their opinions when answering questions. i believe what judge gorsuch was saying here, an attack on any member, on the bench is an expressed his own personalhat he opinion. he also took no position on any particular case, any particular piece of politics or public policy. that is not what he is doing in these meetings. i am very concerned that judge gorsuch was having a private meeting with a senator, democratic senator. no intention voting for him ever. who is now divulging the contents of that meeting. that is highly inch appropriate and not getting coverage i believe it deserves. we want, talk about independent judiciary, we want the judicial nominees feel they can have private conversations with
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senators right, left and center without worrying about them being flashed all over cable news wall-to-wall while these senators go take to the microphones. but anyway, we respect tremendously judge gorsuch. we know his academic credentials, judicial temperment and record are beyond reproach. if there is single democrat out there honest enough to vote for him the way they did not vote for betsy devos, jeff sessions. they're 100% against the nominees to the cabinet, stuart, says a lot more about them than nominees, now secretary and attorney general. stuart: meeting with some senate democrats, some who are up for re-election in 2018, senator manchin and heitkamp. >> joe donnelly from indiana is reported. stuart: that suggest pressure sure is applied that they vote for neil gorsuch and not against him because they want to be reelected in 2018. >> pressure doesn't come from the white house. pressure comes from their
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constituents f you're a hoosier living in indiana, you want joe donnelly to give neil gorsuch a fighting chance. if north dakota or joe manchin's west virginia, the states where donald trump and mike pence carried by double digits, give the man full and fair hearing. not just look one or two cases in our jurisprudence and prejudge the way chuck schumer prejudges. he said he won't vote for any nominee. stuart: we have to wrap this up, you are waed elsewhere. >> that's right. stuart: we appreciate you being with us. >> thank you, sir. be well. bye-bye. stuart: main headline coming out of the airline executives meeting has not much to do with airlines. has to do with taxes. the president says we will get a tax bill in a few weeks. that's a big deal. the market likes that. there are other headlines. from the airlines. liz: that's correct. the president is saying to them that the air traffic control system is not good. that it is obsolete. there has been talk to take that out of the purview of the faa, put it into non-profit would
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have more control by the airlines but members of the congress saying we need oversight of it. how will that scare? president said third-world airports, what consumers in the u.s. are facing. stuart: have you ever been to laguardia? stuart: that's right. that is what everybody says. dow industrials are up 40 points. got a little bit of a bump when it was announced that president trump says you will get the tax bill, be able to look at it in a few weeks time. joining us now, look who's with us, a special guest, sitting next to me of all things, louie gohmert, texas republican. thanks for joining us, sir. >> love being with you. stuart: you can confirm what the president says we're going to get a tax bill in a few weeks? that is what the market wants to hear. confirm it. >> we've been talking with kevin brady, the most conservative members of congress. we're excited about what's coming. stuart: but timing.
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are we going to get to see this bill, know what's in it in a few weeks? >> should. stuart: yeah? >> yeah. stuart: that is what our viewers want. >> i'm not the chairman of the committee and apparently they're saying yeah we're going to get it done by sometime this summer. what i have been warning about, that is exactly what was said in 2005, yeah, we'll get the tax code fixed. we're going to shore up social security and we'll do it by summer. then it became, well, september, october. then it became january. then it was oh, well, we're in 2006 we can't do it. we can't, we can't. my message to our house leadership, such as it is called, that is a little sarcastic, isn't it, but you have to get this done sooner rather than later. if we wait until summer it will be too late. it needs to be quick. stuart: why don't we have an obama repeal and replacement plan in place now? why not?
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>> well, they're saying i taking time on the reconciliation that we use to repeal obamacare. stuart: i don't understand. >> some he will feeling among some in the house or senate or both, that you know what? let's repeal it but, my goodness, look at all the money, 300 billion, 500 billion raised by these mandates, these penalties that supreme court called both a penalty and a tax, and some people say, think about what all we could do with the 300 to $500 billion. maybe we repeal obamacare but keep some of that. that is one of the behind the scenes struggles. we have to repeal the whole thing. stuart: you know that gets out, some republicans feel we have to hold on to the money,. >> that is disaster. stuart: that is disaster for the republican party. >> of course it is. i'm hoping very quickly we'll be able to get it repealed but the thing is, people keep saying we need a government plan to replace it. no. we believe in entrepreneurism.
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we believe in the ability of the american intellect to come up with better ways. i think one of the most important things to do first is, number one repeal obamacare but at the same time, we've got to eliminate the exemption that health care insurance companies have from antitrust laws. mccarron ferguson was passed. it al you lous them to collude and to set prices and to threaten people and create monopolies. got to get rid of that. stuart: then you have to have legislation for that. debate it and democrats hold it up every conceivable turn and then they go to the courts. we're also worried about a tax cut. >> stuart, you're brilliant, think about it. democrats in the senate screaming no, we need these greedy health insurance companies to be able to form monopolies? they would speak against tha repealing the exemption from monopoly and antitrust laws?
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that would be very untenable situation. i think we can work together on that one. stuart: what a lot of republicans, a lot of conservatives want for your party to come out swinging. they're emotionally going at you. they are hate you. contempt with us of you. why don't you meet fire with fire? we'll repeal this thing, get on with it! i want tax cut now, repeal it! >> dad gum, stuart i should have nominated you for speaker. stuart: i don't see fire amongst conservatives. i see fire among democrats. >> should have nominated you for speaker. gosh, can't believe it. you have got the fire. this is exactly what we need. i'm very serious. you're see singing my tune. this is one of things, you know, goes back to 05-06. look what the democrats are saying about us. we have to counter what they're saying. this is a bunch lies. older guys, longer-serving guys, they're hurting their own credibility.
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they're making themselves look stupid. and they were wrong. we lost the majority because we didn't come out with a very fire you're talking about. we have got to do that you're so right. stuart: there is a poll published by "politico" this morning. it shows 55% of people support president trump on his executive travel orders. 55%, despite all of this opposition, this emotional opposition. despite the fact that the media runs the show. despite the fact that "politico" is out there on the left, 55% of the people in their poll support the president. >> that's right. we've got people going weak-kneed. they need to be shored up. stuart: margaret thatcher used to call people like that wobbly. she didn't like them. >> that may not be strong enough. stuart: stay there for a second. i have another report here. several arrests in phoenix last night. protesters were trying to block the arrest of an illegal who had been arrested. lizzie. liz: correct she was basicallying thatted under the obama administration
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for faking, using fake identity information to get into the u.s. she was convicted of that. seven people arrested in protest. she is 36-year-old guadalupe garcia deroyo, she is detained by i.c.e. protests were peaceful but tried to block detention of her, seven people arrested. stuart: you will see this in sanctuary cities around the country. i.c.e. will go in, arrest somebody who is subject to deportation, they are going to support that person whether they're a murderer, rapist, or i.d. theft person or whatever. liz: should be noted. there were standing orders to deport her since the obama administration. this dates back to 2013. stuart: our next guest is the host of maria elvira live on spanish language tv. she is fierce opponent of sanctuary cities. welcome to the program. good to see you. >> good to see you, varney, how are you? stuart: it is stuart.
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but you can call me anything you like. >> sorry. stuart: no, that is okay. just joking here. i'm intrigued that someone who works on spanish language television is very much opposed to sanctuary cities. why? >> well, first of all, i will answer that question, i think that one of the, my biggest fears is that this lady, mrs. garcia, will become the poster-child for those countries that hate the united states. countries that will never say that we treat illegals a lot better than they treat their citizens. that is the first thing we you should say about this story that just came out. i'm opposed to sanctuary cities that protect serious criminals. i'm opposed to those cities. what happened in san francisco was horrendous with kate steinle. that should have never happened. lopez-sanchez should have been kicked out of the country immediately. i'm in favor of those illegals that are here protecting our economy.
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since you guys, and you are very much reporting economic news, i think that the economy is rolling because of many people like mrs. garcia that are here, working more, making less and complaining a lot less. but that is why i'm in favor of, against sanctuary cities, in favor of protecting illegals. stuart: i think you're going to see frequent examples of this. an alien, criminal alien, arrested, subject tout defendede mayor of a sanctuary city, an defended by protesters in a sanctuary city. i think you can see this. >> you know why? stuart: i think sanctuary city people will lose this one. it is, the idea that you're going to spend public money to defend a criminal from deportation, when they are here illegally in the first place, that is a nonstarter. i think you're going to win. >> two things about what you're saying. president trump promised that he
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was going to be deporting the bad whom hombres, the bad guys. this lady doesn't fall into category. her crime was having false papers. i have news for you. 11 million people are working with false papers in jalapeno field in southern california or washing dishes in manhattan. i'm sure you know them. those people are needed for economy. we can discuss that at another point. you know very well business owners of america need those people. this lady's sin was to have false documentation. she didn't kill anybody. like what happened in san francisco. so if you're going to start deporting everybody that has false papers, you're going to be deporting 11 million. and that you know will spell chaos. we don't need that. that is why i believe that we need a comprehensive immigration reform law and president trump is very bright, and i'm sure he will get to that very quickly. stuart: okay. >> i want to make a prediction.
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he is going to be, trump is going to be for immigration what nixon was for china. stuart: fascinating. elvira, i have to run. i have a two-minute warning coming up. thanks very much for joining us. we'll see you again real soon. look at that stock market. it has gone up. dow industrials up nearly 60 points. about 25 minutes ago the dow was up 25 points. then we got the news from president trump. he says that we'll see the tax reform bill in a few weeks. louie gohmert's with me. i think that moved the market. that is exactly what investors want to hear. you pounded on table, yes we'll see it in a few weeks. see what you did? >> we bet. we had better. we can not wait until later. it has to be sooner. it is not going to be a carbon tax i can assure you. of course i have listened to you. where else would you listen. it won't be a carbon tax.
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people that proposed that were the same fools give us $700 billion for wall street bailout. stuart: we received the tape from the white house of president trump making remarks at the executive meeting of the airline executives. maybe this tape will have some news about taxes. let's see. >> thank you all. i know some of you through reading and business magazines. you've done an amazing job. i want to congratulate you. i know you're under pressure from a lot of foreign elements and foreign carriers. i've been hearing that a little bit. at the same time we want to make life good for them also. they come with big investments. in many cases those invests are made by the governments but they are still big investments. i'm still thrilled to welcome leaders of the airline industry to the white house. your industry supports 10 million well-paying u.s. jobs and creates almost one trillion
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in economic activity which is really big stuff. really amazing. last year our airlines moved approximately two million people each day in our country which is an incredible number of people and they move them well. despite the bad equipment that the airports give you in many cases because they can't get approvals on anything. we have regulatory morass that is a disaster. and i can tell you that a lot of the new equipment that is ordered obsolete the day they order it. that is according to people that know, including my pilot. i have a pilot who is real expert. he said, sir, the equipment they're putting on is just the wrong stuff. we'll talk about that. we'll modernize our systems we should be using the right equipment. i know mr. tilghman is nodding. you know what i mean. one thing to order equipment, but let's order the right equipment. probably the wrong equipment cost more. probably buy the right equipment for less money. we want to talk about that my
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pilot, who is a smart guy and knows what is going on says, the governments usg the wrong equipment and instituting a massive, multibillion-dollar project but using the wrong type of equipment. let's find out about that. we want the traveling public to have the greatest customer service with an absolute minimum of delays. and with the greatest convenience, all at the lowest possible cost. we want to help you realize these goals and we will indeed help you realize these goals. airports are very important to travel. travel very important to me. as an example, somebody was saying yesterday to me that you go to china, you go to japan, they have fast trains all over the place. we don't have one. i don't want to compete with your business but we don't have one fast train. [laughter]. an it is same thing with our airports. our airports used to be the best. now they're at the bottom of the
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rung. we spent $6 trillion, think of it, as of about two months ago, $6 trillion in the middle east. we've got nothing. we got nothing. we never even kept a little tiny oil well. not one oil well. i said keep the oil but we spent right now $6 trillion in the middle east. we have nothing. and we have an obsolete plane system. we have obsolete airports. we have obsolete trains. we have bad roads. we're going to change all of that, folks. you're going to be so happy with trump. i think you already are. so we want to help you realize these goals rolling back burdensome regulations. you people are regulated wore than anybody although i can think of a couple industries that are work. lower, the overall tax burden own on american business is big league. that is coming on very well. we're way ahead of schedule, i believe. we'll be announcing something i would say over the next two or
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three weeks that will be phenomenal in terms of tax. and developing our aviation infrastructure. i want to thank you all being here of substance. i want to automobile industry is in. they said the best meeting they ever had. head of ford, head of general motors, head of fiat, they never took you in. you know how far away from the room? 10 feet across the hallway but they never got taken in. i took them in. the auto companies will be making massive invests in michigan and ohio and pennsylvania. a lot of places where jobs have left. so we're really ahead about that they have been great. ford will build, as you know they canceled a big plant in a certain place. i won't say where. a 2 billion-dollar plant and they're building it in the
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united states and expanding greatly and general motors they have been great. i think they will continue to be great. we'll also be great to them. we'll get rid of a lot of unnecessary regulation and we're going to make their life a lot easier. they will employ a lot more people. working a lot of businesses rushing in. they're coming in big league. with that i thought what we would do, perhaps we'll start with mr. gray. we'll go around the room and quickly say who you are and who you represent, biggest of the airlines here. and you can, stay, stay. [bleep] stuart: okay. the tape ended right there. did you catch that, toward the end of what they are saying. very important. talking to airline executives. said we'll lower the tax burden and he said we're way ahead of schedule on that. he said we'll be announcing something great about taxes in two or three weeks. the market just loves that. that is exactly what investors
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wanted to hear. we are going to get a tax cut. we can see what we're going to be getting. the market has gone up. 25 pnts up. about a half hour ago the president makes that statement. now we're up about 65, 70 points. and airline stocks are up as well. louie go -- go mother is saying what you wanted him to say, saying what investors wanted him to say. talking about infrastructure, spending big on airports, roads and bridges. music to investors ears. >> a little bit different what obama said we'll spend big on infrastructure because that turned out to be an outright lie. we got solyndra and other things instead of infrastructure. he means it when he said it. the tax bill is going to pass the house. i've been one of mitch mcconnell's biggest critics but he is doing pretty good down there. stuart: we got to find out what's in it. >> i thought we had to pass it
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to see what's in it. no, that was pelosi and obamacare, i'm sorry. some of us know we expect to be in it. stuart: come on, tell us. >> there are things you already heard about. stuart: lower corporate tax rate to 20%? >> well, i'll let them announce what it is but certainly on the right track. stuart: it will come way down. >> exactly. stuart: you will lower the top rate of tax on individuals from its current 43 -- >> reporters go nuts. how will you make that up? ever heard of the laffer curve? stuart: coming down to 33%, top rate of federal income tax 33%. >> we will be happier than that. stuart: lower than that? >> i don't know. we'll see. stuart: don't say i don't know, we'll see. >> because i don't know what he's got. stuart: you want to move the market, you tell everybody we'll be down to a top rate of 25%, and watch that market go. >> well, as i have talked with steve moore about it years ago, the biggest tariff any country puts on its own goods before it
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is sent out is the united states corporate tax. it is the mostnsidious tax because it tells people, you don't have to pay it. it is these evil corporations. yet if they don't pass it on to individuals, they don't stay in business. so, that corporate tax is one of the most negative incentives to business in america. we'll drop that. people will come back. people will get tired of winning i think. stuart: i heard that somewhere before. hold on a second, louie. i have to bring our viewers up-to-date, up to speed what we've just seen. president trump held a meeting with airline executives this morning. he released, it wasn't a statement, he made a statement on tape and we rolled it for our viewers. he said you will be very pleased with the lower taxes. talking to airline executives. we are way ahead of schedule. his exact words, way ahead of schedule when it comes to preparing a tax package.
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he says there will be announcement which we will love in two or three weeks. now up until this time there had been talk that this tax-cut package will be delayed, maybe until the fall. even talk of delaying it until next year. the president says two or three weeks. hold on a second, liz. that market has gone straight up. the dow jones industrial average is now up 75 points and it is rising. new intraday high for the dow industrials, i think, my opinion, it is all about the tax-cut package and the timing thereof. liz: am i wron did i mishear he used word phenomenal? that the tax plan he has in mind is phenomenal? stuart: that's what he said. liz: to louie's point maybe we get something greater than what we've been talking about. paul ryan, obamacare first, tax reform down the road. president trump turned that upside down. stuart: we've been trying to nail down louie gohmert exactly what we get from the tax-cut package. he accepted we'll get sharply
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lower corporate tax rates. i suggested that the top individual tax rate will be 33%. oh, no, says mr. gohmert. >> i'm not going to pin down on the president and kevin braid by but it is going to be good. stuart: one more for you. this is very important pour businesses. will businesses able to ex-expense fully any capital investment they make in the year they make that investment? >> you're asking me to go into private conversations. let me say, they are going to be very happy with the proposal. stuart: so if i am a business owner and i invest a million dollars in new computer system i can expect to write all of that million dollars for my taxable income in the year i made that investment? you're smiling because you're not going to confirm it, are you? >> well, i have to wait and let the president, kevin brady -- they have got a great bill. and people will be excited. and i look forward to your comment when the market goes up when it comes out because people
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are not going to be disappointed. stuart: not going to be disappointed. >> it isn't some goofy carbon tax. even john dingell, who, i think one of the most honorable people ever served in congress, you remember the carbon tax, now you got paulson and baker, he said that is not only a tax, it is a great big tax. poor people suffer the most under that. so what we're doing will be good for america, not some goofy carbon tax. stuart: louie, you're sitting here in the studio in new york city. top right-hand corner you see a screen with the dow jones industrial average. you know what you did? you helped our president push that average from a gain of 25 points to a gain of 70 plus points. >> stuart, that is you. you talk so pretty as we say in texas. you talk so pretty. stuart: sticking around for a while? coming on the show tomorrow.
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see what you do for the market. >> there is good news coming. our guys have to understand, this can't be later. it can't be we'll get it done about it end of the summer. it has, we got to get it done within six months or it won't be done. stuart: you're right. >> and trump may have heard my late mother. she used to say, he who tooteth not his own horn the same may not get tooted. he is out there making sure the horn gets tooted and it is going to be huge. stuart: you folks from texas are full of these homilyies. >> i like it. thank you, sir. >> love being with you. stuart: todd starnes, author of the book "the deplorables guide to making america great again." welcome to the program. >> it is a deplorable book, most deplorable in america. stuart: this is a live action news show and it breaks thick and fast. part of the news this morning
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that the extraordinary language that the left is using to describe trump, trump supporters, conservatives an republicans. we've got talk like radical hatred coming from senator elizabeth warren. now your book is about the kind of language which was used against conservatives. >> that's right, racist, sexist, et cetera, et cetera. stuart: seems to me the left is far worse now. they haven't quit. they're still saying the same thing. >> that's right. there is a concerted effort on the left to silence dissent in america. and that is one of the reasons you see people like elizabeth warren coming out and using racially-charged language, calling people who they disagree with, guilty of hate speech. well, i'm originally from the south and when you accuse some one of hate speech or being a racist, that is an incredibly offensive thing and almost an indefensible argument which is why they're putting that forward, accusing anybody they disagree with of being a racist.
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stuart: it silences you. you're a racist. you shut up. >> stuart, i believe the day that hlary cnton said that half of donald trump's supporters are basket of irredeemable deplorables. that is the moment she lost the race. it was not the word deplorable. it was irredeemability. they're so vial, disgusting they're not worthy of redemption. that is what hillary clinton and quite frankly what the democratic party think about the average american working man and working woman. stuart: i will roll a sound bite from senator tim scott who received the most appalling insults, racially divisive insults because he supports the president on some issues. roll tape, please. >> a white man in a black body. you're a disgrace to the black race. how does a black man turn on his own. senator tim scott is not an uncle tom. he doesn't have a shred of honor. he is a house negro. like the one in jango.
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i'm a complete horror. black man racist against black people. big racist uncle tom piece of fertilizer. i left out all the ones who use the "n-word." felt like that would not be appropriate. stuart: todd, isn't that exactly what you're talking about? >> that is what i write about in the book. especially what is happening on our college campuses. we had the big protest at berkeley, all the violence, people attacked, bloodied and battered. only one person got arrested. three conservatives on a campus in kentucky passing out constitution and got arrested hauled off to jail. there is an university to silence dissent in america. tell you something, "basket of deplorables" is pretty doggone diverse group. i was doing a book signing over weekend. my name is louise. i'm a puerto rican deplorable. there are a whole lot of deplorables. i write about them in the new
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book. stuart: i think you're right, the moment hillary clinton said that, was tipping point so many people against her. >> we have to take a stand. we have to take a stand and stand up for our values, our beliefs. we can't be silenced here. stuart: what is the name of the book again? >> "the deplorable as guide to making america great again." stuart: deplorable. thank you. doug schoen is with us this morning. doug is saying i'm centrist democrat. >> i am. stuart: that is acceptable, isn't it? >> that is true. stuart: what happened to centrist democrats? we had this conversation before. >> we have. stuart: i don't see the party's left-wing toning it down. >> quite the opposite. stuart: quite the opposite. i'm kind of worried. there should be a viable democrat party in place to oppose some of the more radical ideas from the republicans. it is not there. >> which is what i wrote in my op-ed piece on monday in the journal. we are a, sadly dying group,
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dying breed, we centrist democrats. stuart: are you an outcast in your own party? >> i am, saidly. i will tell you, what was most sad to me was to see there were no democratic voices attacking the president of the night for saying that there was a moral equivalence between the united states and russia. that to me is horrific, because i am a john f. kennedy democrat. stuart: why didn't the democrats do it? >> i don't necessarily they think that way. i'm a john f. kennedy democrat, fight any fight, fight for liberty. stuart, that is what i believe, that is what i was brought up on and that is what this country is about. you don't disagree with that? stuart: no, i do not. i'm not going to disagree with that i will ask you about the tax-cut package. >> sure. stuart: the president came out and said we'll get a tax-cut package in two or three weeks. it is big news. >> i've seen that too. stuart: i want to know what a centrist democrat thinks about
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lowering the top corporate tax rate, lowering the top individual tax rate and expensing business investments in the year that they're made? how do you feel about that? >> want to see the specifics but all -- stuart: generally. >> generally i see that as good ideas. i want as a democrat to expand the earned income tax credit, as a way trying to revitalize the inner city. i want to provide middle class tax relief as well. stuart: so what portion of the democrat party is prepared to say, yes, lower tax rate? 10%? 5%? >> i think it depends for whom the benefits are but as i understood you and louie gohmert -- stuart: the benefits you get growth. >> as you and louie goert described it i think there will be very, very few democrats support th package. stuart: don't democrats want growth in the economy? >> i think they do. they're more for redistribution which is more troubling. stuart: you are going to lose.
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>> stuart, i have learned how to lose with grace and come back on this show. stuart: you have. >> to fight another day. hopefully you will allow me continue to do that. >> next week sometime? >> i look forward to it. stuart: doug, we appreciate you being with us. >> i enjoyed it. stuart: dow industrials up 76 points. we do have a rally. after a meeting in the white house. president says you get the tax-cut package announcement in two or three weeks. airlines are up. it is all go. liz: yep. we'll be back. u can count on, like what goes down doesn't always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. discover all the ways we can help at angie's list. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure.
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liz: senator charles schumer says senator jeff sessions approval for attorney general, made his stomach turn. congressman michael burgess said he should reconsider that position. roll tape. >> he worked alongside jeff sessions for, i don't know how many years in the senate. they were colleagues. were this something bubbling unr the surface you would think he would have said something before now. stuart: wh is he up to what is going on here? >> it is widespread and complete opposition to all things president trump. they seem to forget the fact the american people elected donald trump. he won a historic number of electoral votes. he is our president and he is in fact doing things that he said he was going to do. which is why he got elected. so, i think the senator from new york perhaps ought to reconsider his position.
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stuart: we have rally in progress. all-time highs for s&p and nasdaq. dow industrials are on a tear, up about 90 points. however, twitter, way, way down. they can't make money. a lot less usage. it is down nearly 10%. now this. president trump pledging rebuild the depleted military. former navy pilot lea gabrielle
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is with us. how bad is the depletion? >> the vice chiefs of services were testifying before a house committee this week. they paint ad bleak picture of long-term readiness. it is on decline because of high demand and budget constraints. in army, basically deployable unit, brigade combat team. the army has 58. only three are ready to fight today if called on. only a third would be ready in 30 days. in u.s. marine corps, aviation units are below minimum number of ready aircraft. navy, 50% of the aircraft are grounded. sa-18s, higher than 60%. air force they're flying less hours and less sorties in the late '70s. vice chief of air force described as hollow force. this is very difficult time. military saying long-term readiness is under fire right
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now. stuart: leah, thank you very much indeed for that. i don't think anybody realized how far this depletion had gone. clearly we're on the rocks on this one. leah, thank you very much indeed. i have to run on because i have got a new story, not exactly breaking. we're getting more information about it. there are reports that three congressional i.t., information technology workers, have been fired, under suspicion that they had accessed congressional computer networks without authorization. emac, can you give me more? liz: three brothers are barred permanently from accessing any information. they basically worked on i.t. for homeland security, intelligence and foreign affairs committee in congress. they broke into members computers. that is the fear. the fear and concern they may have stolen emails. they have also possibly stolen equipment. so they have been fired. there was a criminal investigation of up to five of these workers, four brothers and a woman.
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they have now fired three of them. so that other criminal probe is reportedly still ongoing. they worked for 20 plus, 20 plus members of the house. stuart: liz. those are the details. we appreciate that. ollie north, come on in please. i don't think we're sure pricing you, may be familiar with the story. but it sounds like, don't mean to be pejorative, sounds like a couple of moles inside of congress. what say you? >> i first saw the story yesterday, it struck me that this may answer the questions as to where some of these leaks have been coming from. stuart: yeah. >> in fact it is not unusual for things like this to be happening on capitol hill, which is right behind me, stuart. stuart: part of this story is that they hacked into, is it debbie wasserman schultz's computer? liz: there is fear or concern, that debbie wasserman schultz who wan the dnc may have been hacked by one of these workers. we don't have the information yet. it is unconfirmed and speculative right now.
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stuart: ollie, this is breaking story and of extraordinary importance because it challenges muslim-americans working inside after sensitive position. that is the story really, isn't it? >> i suppose one can attach a religious persuasion to anybody. they can nail you and me for being christians. the reality of this is however, it is so lax in washington, d.c. in general and in congress in particular, that this kind of thing is not unusual. stuart, i can remember in the reagan administration where secret orders were released to press before they got to the field. and so it is not something new to this administration. obviously if what we're hear something true, they were doing it back in the previous administration. might have gone on for years. by the way, they have about unemployment by several different members of congress. all of them democrats. maybe it is political thing instead of religious. stuart: i think you're probably right.
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look to the future on iran. tomorrow in tehran there will be huge street demonstrations showing their opposition to president trump. there is a suspicion they're trying to provoke president trump firing shots somewhere, somehow. what do you say? >> looks like he will fire a shot at least rhetorically a new sanction order. there is talk about sanctions against the islamic revolutionary guard corps, which i guess most of our viewers already would assume that is the case. foreign terrorist organization designation has been used 61 times, current people on the list, organizations on the list. important thing about this new designation, if it happens tomorrow with an executive order, is it will, irgc, islamic revolutionary guard corps and their quds force, will join the 61 lists on the list. some of those on the list are bowlly owned sub sy dairies of
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the revolutionary guard corps. like hezbollah. infamous, i.e. d, killed and wounded hundreds of americans in iraq over the last deaf years. era, of align neglect under the previous administration is over. stuart: i can see what you're saying, ollie, this is a tense situation but there is a new sheriff in town who will have definitely different response to overseas previouscation. always great to have you with us as always. our viewers are looking at the left-hand side of the screen. this is rally in progress on wall street. it started about an hour ago, we're about to get some tape from the ceos, airline ceos coming out of the meeting in the white house. the real news from the white house is this. president trump said there will be announcement which we'll all be happy about, about taxes in two or three weeks. that is very important for investors.
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that means tax cuts, the tax package is on its way. liz: all the major indices are on pace to close in record territory if they continue to form as they are now. s&p 500 hit all-time intraday high after comment came out about the president talking about tax cuts. stuart: good point, liz. we always concentrate on the dow industrials but we should look at broader-based indicators and they're all saying stocks across the board, all kinds of industry groups going sharply higher. high for s&p? liz: all time intraday record. stuart: record for the nasdaq. dow is up 91 points. you're looking at the doorway. they're about to emerge. airline executives we're expecting. that is a live shot as a matter of fact. that is the white house. moments from now those airline executives will come out and facing the cameras. they will make a couple statements. there is a hidden story here, that is the ceo of american airlines was invited to this executive meeting.
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he did not show up he said he has a scheduling conflict. that is interesting. what is more important in terms of scheduling than a meeting with the president of the united states of america in the oval office? i can't think what that would be. i'm imputing the ceo of american airlines didn't want to come to the meeting. he is under pressure to show opposition to president trump along with a whole bunch of executives, right? liz: look on what is schedule for president's meeting, talking about airport security. talking about upgrading obsolete he says, air traffic control system. president says we're dealing with third world airports. he is talking about taxes. the american airlines ceo saying ahead of time he had to attend an annual leadership conference. also went after the travel ban with his employees it did create chaos and divisiveness in airline staff. stuart: lea gabrielle stayed on the set with us.
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she has a great report about the depletion of military power. you used to fly helicopters or big jets? >> flew f-18s in the navy. stuart: excuse me. f-18. >> very different animal. helicopters from what i understand challenging to fly. stuart: have you had much contact with civilian air traffic control? you must fly. >> i fly as civilian. i have a cessna 172. i work with the airports. stuart: is there up grade needed for air traffic control? >> there is upgrade for all of our systems. our air traffic controllers professional people and keep us out of trouble as we fly but there always room for improvement in the system. stuart: you used to fly f-18s off carriers. >> yes. stuart: you have landed f-18 on carrier on april offing sea? >> that is only way to get home at night. stuart: making a joke but you have done that? >> yes. stuart: i am in awe. >> questions? stuart: here's the question, you said we've got f-18s in our
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fighter force, we've got that. >> right. stuart: how depleted is the f-18 division so to speak? >> so you have -- stuart: sorry. here they come. i'm sorry. >> to be continued breaking news. stuart: that he is have good. i don't know how you land a plane on carrier. listen please, airline executives out of their middle easting. >> had a great meeting with the president. he is fully committed to knock down doors to get new airports which we badly need. taking care of regulatory reform in a big way. especially committed to creating jobs and fully understands that aviation as industry if we take off the regulatory burden and put the will behind it, that we can create fabulous new airports and tens of thousands of jobs in very short order. great meeting. >> would you identify yourself. >> oh, i'm sorry. i'm sorry. ginger evans. i'm commissioner of aviation for the city of chicago.
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>> hello. i'm bill vanasac, executive i have a very yanks for buffalo nye greg a airport. meeting with the president was wonderful. he talked about how airports and airlines work together to overcome funding issues in the industry and create airports that are rivals in the orlando. we certainly plan to have more conversation with the president and airline partners making airports in the united states the best they can be. we want to make america's airports great again. thank you. >> did you talk about raising the bsc charge? >> good morning, everyone. my name is gary kelly from southwest airlines and we've had a delightful meeting with the president and his staff. also delighted to reported that we're aligned on key topics. regulatory reform, especially
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growing our industry and we need to invest in the infrastructure. we're especially keen of on modernizing air traffic control system. i was delighted to see how well aligned we are. it was a very, very good meetings. thank you very much. >> immigration ban and affect on airlines and airports? >> i'm bill flynn, ceo of atlas air worldwide. our focus is mostly freight and express traffic. so we share the same views that you heard from my colleagues here, from the airports as well as gary kelly from southwest. really the meeting focused on what kind of an initiatives and actions can we take that will improve the overall experience for our passengers, for our customers, make the contributions we want to make to the communities that we serve, and then how do we grow our miss such that there is more opportunity for our employees as well as the opportunity to create new jobs and high quality jobs in the aviation industry overall. we talked about the significant contribution that our industry
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makes to, makes to our economy and it was a good free flow of ideas. frankly i think was unique i think. we haven't had a meeting as an industry with the president. i come away from it excited and very optimistic about what we can achieve. thank you. >> talk about the ban at all? >> thank you. >> talk about air traffic control privatization? >> about a -- stuart: took place earlier today. it was indeed with airline executives. but as you saw there, there were also some airport infrastructure people at that meeting as well. they came out and said they were absolutely delighted. for a start, the president wants
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a lot of publicity has been given to our airports compared to the more modern ones in asia. the president wants to get back and they referred to income tax reform. liz: southwest airlines said we are aligned with income tax cuts with the president. they talked about how capital has been depleted to move on tax reform. in meeting with these top executives, he's building a base of support for what he needs to do in congress. stuart: before we saw the executives we heard directly from trump himself. he said, we'll be announcing a tax cut package in two or three weeks. that is very big news.
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the dow jones industrial average went straight up because that's what investors want. they want the tax cut package. they want to see what's in it. that was right after the president said we'll get a tax cut package in two or three weeks. that is a big deal. let's roll the tape on that particular section. >> lowering the overall tax burden bigley is coming ahead well and we'll be announcing something i would say over the next two or three weeks that will be phenomenal. stuart: i expect our next guest to have a huge smile on his face. there you go. that was a remarkable item of news from a live-action
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presidency. you can't have a rundown, you can't have a bunch of scripts on a news show. the president pops up, makes news and the markets react. that was music to your ears. >> it was. you always worried with the house, the senate, lobbyists in town, fundamental tax reduction and tax reform could get slowed down. there was some discussion about how long it was going to take. this was the president going two to three weeks. we have been talking 100 days. stuart: in two to three weeks we'll get to see the tax reform package. we'll know what's in it. at that point, it becomes actionable, doesn't it? if you are going to fully expense your new factory you are
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going to build it now. >> they need to make a statement about what the rate's going to be and full business expensing both which are consensus items in all versions of tax reform. and tell people that this takes effect now. so if it takes us four months or six months to pass the bill. you need to know that you can invest today and get full business expensing. stuart: are we going to get a dramatic cut in tax rates? and full expensing for what business invests in, no more alternative minimum tax, no more death tax? is that the broad outline of what we are going to get. >> no death tax, no alternative minimum tax. corporate rate down to 20%.
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my bet is 20%. and individual rates down to three rates, 33, 25, 12, down from almost 40. stuart: the market is going straight up. financial stocks, a lot of industry groups sharply higher this morning. i will probably take that smile off your face because as you know, that's awful. don't do that. this is entertainment medium, please. there was a meeting wednesday at the white house. senior republican james baker, marty feldstein all there pushing a carbon tax. and the tax revenue rebates in the form of a check once every three months. you don't like the, do you? >> it's wrong at all levels. the good news is take the average a age of the people who presented this.
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this is a problem that goes away quickly. you don't have congressmen or senators or governors or people in industry proposing this. this would be a devastating attack on energy in the country, on the cost of everything we produce. then they take that money and do a obama redistribution. everybody gets a check. this is never going to happen. in congressman roskum said no, never. and he said is this on the record? he said that is on the record. no, never. we are not going to have a carbon tax damaging the entire economy. the idea that the democrats want a carbon tax and then give it away, nonsense. they will take that money and want to spend it. this is not happening. it's a bad idea. we need to revisit it and remind
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people. stuart: i got it. i'll never mention this in your presence again. never ever again. so, you are on board with this? get the tax package? you think that's doable? >> i think the outlines of the package yes. two to three weeks. they will be working around the edges. 1031s, do they stay in step. scene outline, yes. stuart: i don't want to keep you any longer, you have a meeting in a few minutes with orrin hatch. go away but come back soon because we value your presence on the proonl. i want to get back to one of the these on the program, that is the trump all-action presidency. joining us is the campaign
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spokesperson for president trump. we are living it. on this program we are living it daily. the man pops up with all kinds of news all the time. and then it's the media which has to challenge him late errant democrats have to chime in later. the man runs the news business. you are not going to argue with me, are you? >> on this point i couldn't agree more. i'm wearing one of my ivanka trump shirts as well. this man doesn't sleep, we already know that. he's thinking about this job 24 hours a day, 7 days a week. all he's doing is keeping his promises, moving forward and every day just as democrats are getting caught up, he's on to a new topic. okay, you are caught on taxes, let's move on to energy and
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airlines. he's keeping his promises to the american people and he's showing americans he's here to make change. stuart: i was worried that the message from president obama is not getting out to the people because the media condemns him and don't report him in any way in positive terms. then this morning, i see a poll on politico which is a leftist organization basically, that would be my opinion. the poll shows 55% of americans approve of what president obama is doing with those executive orders on travel. that was astonishing to me. >> i saw some similar polls as well. >> going through the election not one poll was in favor of donald trump. i think the numbers are higher than the polls are showing because historically republicans and conservatives don't participate in polls.
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stuart: i have got something developing here. senator sessions getting sworn in at the white house. they are streaming this live on facebook, is that correct? liz: the president is doing an end run around the media saying join us live on facebook for the swearing in of jeff sessions. i'm look at it live. people are pouring on to facebook to watch it. the president is standing behind snore sessions as aspeaks to the photographers. stuart: can you have a word with president trump that we would like to have him swearing in jeff sessions live on this program, not on tape delayed. can you make the point to the president? we are the live action news network that follows live-action president. >> this is a great forum for
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president trump. let's make it happen. i want to do it live. stuart: i find it interesting that president trump, 70 years old, uses technology like my grandchildren do. the man is on twitter all the time. now he puts a live session of the swearing in of jeff sessions on facebook. liz: he's attracting new users to twitter. stuart: we are trying to get the live facebook feed on our air. there it is. watch this. >> i have and the people of the department of justice have is going to be focused on preserving and protecting the constitution and the safety of this country. we'll defend the laws of this country as passed by congress. we'll defend the lawful orders
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of the president of the united states with vigor and determination. thank you all for being here, i see a lot of good friends and may god bless all our efforts. thank you. [applause] stuart: there you have it. that was streamed live out of the oval office. we put it on television for you. this really is a new way of doing things. it's one thing after another. it's brand-new. >> it's absolutely brilliant. president trump is 70 years old and technology is something of the young. he's right there in lock step with all of these young people reaching after every day americans minute by minute day by day. that's why i think these politicians are in a tailspin because they are not able to keep up with someone like him.
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not only does he have stamina and intellect that's off the charts. but with technology they are running so far hund him, it's crazy. stuart: i wanted to ask your opinion of what happened earlier today. senator elizabeth warren says jeff sessions puts radical hatred into the justice department. that's what she is accusing jeff sessions of. before that, minority leader in the senate, charles schumer said that the selection of jeff sessions and the new attorney general, jeff sessions turned him stomach. what do you say to that, erin? >> schumer within that contingent, they are pandering to their own constituents and trying to advance their own political agenda. whether it's schumer and his crocodile tears or warren and
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her crazy accusations. they lost all credibility with anyone in the middle. a lot of people that voted for donald trump weren't necessarily conservative or lib wool. they were just americans that wanted to see change in washington and were tired of business as usual in washington. that's everything elizabeth warren and chuck schumer are. and they are losing any credibility they had. stuart: something developing on this program is a different form of news broadcasting. what we have is a live-across presidency where he -- a live-action presidency. he dominate the news. democrats, the media and the markets react to it. so what you have got is a rolling news program in which the president is always center stage. we have never seen anything like this before. and, erin, the market are
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reacting. when the president said you will have a tax package in two to three weeks. the market went straight up. a new high for the s & p 500 and a new high for nasdaq and the dow industrials. hold on a second. i have got more breaking news from jfk airport in new york city. liz: completely shut down due to the snow. hundreds of accident are being reported in the region. the queen's hub is shut down now. it will close all four runways to basically deal with snow removal. stuart: occasionle alley the with the pops up and makes news. it's making news now. airline executives who met at the white house this morning, none of them used the snow and the storm as an excuse not to be there. the ceo of american airlines was mott there.
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he said he got a scheduling conflict. i suspect that's more of the boycott. erin elmore. the ivanka trump tu are wearing and why you bought it. >> i know whether it's nordstrom or tj maxx more marshall's who removed her clothing because of political motivations, i find it sad. let the american people decide for themselves. there is an organization called grab your wallet. they are going out there and pushing this anti-trump agenda, shaming ivanka, a woman who has done nothing more than support women. they privatized their web domain. these people that are publicly shaming ivanka won't even tell
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you who they are. let's find out who they are. let's shame them. let's affect their businesses. that's another example of horrible hypocrisy from the left. stuart: you are fired up, erin. a big rally on the market. we are up 110 point for the dow industrials after president trump said you will get a tax package. at least a look-at, in two to three week. the dow is up 100. a new high. joining us, someone on president trump's manufacturing council. jim, you are the ceo of dana corporation which is a huge car part manufacturer. is that right? >> that's right. we are a bit unique.
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we are a 113-year-old company. there are only 32 copies listed on the exchange longer than us. stuart: you want president trump to bring back manufacturing jobs to america. there is a lot of concern about what kind of manufacturing jobs they will be. do you think that the president can bring back giant factories, employ 2,000 to 3,000 people? do you think that's coming back to america? >> we are not only in the light vehicle side, but we are also in the commercial vehicle and heavy duty truck and agriculture and infrastructure. collectively to improve earnings and contribute those back into our economy and contribute to the manufacturing base, yes.
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stuart: we are talking about bringing back huge factories. there is a lot of scepticism that's not going to happen. let me repeat the question. do you see giant factories employ thousands of people coming back as commonplace in america. >> if you look at the overall. if you look at the oems, largely speaking, they are going to build where they sell. but with that said. obviously there is tax policies and multiple other things. there is probably some pushed offshore. so they say it's relative to how you scope it. what i suspect is some of the jobs come back on a large scale. i think some will come back, absolutely. stuart: a very busy day, that's the way it is these days. thank you, sir.
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got to show you the dow industrials. the dow is up 112 points. president trump says attack plan will -- a tax plan will be available to look at two or three weeks from now. after he made that remark 40 minute ago, the market went straight up and it's staying up. we'll be back. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision,
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cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. stuart: there is a giant storm
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affecting and hitting hard the northeastern part of the united states. jfk closed down and it's called a full ground stop it's still with us, stepping on the streets of new york, the commute was very difficult for many people this morning. it is affecting business in the northeast. also happening right now, senator sessions just being sworn in at the white house. what we are look at is streamed video. happened moments ago of the president actually signing three new executive orders. don't know much about them. what can you tell us. liz: he just signed them. first one breaks the backs of criminal cartels. that's the first executive order. the third to start a test to stop and reduce violent crime in this country. the third, implement a plan to stop crime against law enforcement. he's saying the time for justice begins now.
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stuart: he has signed three executive orders dealing with criminal cartels, violent crime, and crime against police officers. live-action news. you follow this stuff because it breaks, and it breaks thick and fast. now we have a stream coming in from the white house. this is moments ago. president trump is streaming video on facebook. we pick it up. people react to it. look at at market. put that up on the screen, if you can, please, the dow jones average is up 131 points. 20,185. that's where we are. why is this happening? because it's a live-action presidency. bean hour ago or less the president came out and said on tape, we have the tape foifer. the president said you are going to get a tax cutting package in two or three weeks. then there was speculation we wouldn't get the package until the fall or maybe next year.
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the market didn't like it. now the presidentr -- now the pt says you can see it. this is a live-action presidency on a live-action news show.
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stuart: jeff sessions was sworn in the white house. it was streamed on facebook. ad-lib i'm being told. i can do that. the important point from the white house this morning. the president came out and said you are going to get a tax cutting package you can see in two or three weeks. we were expecting to have to wait until the fall or next year. liz: you see stocks popping. nike, walmart hitting all-time highs. kellogg moving higher. this is the broad based breadth of it. stuart: microsoft is up 7
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points. we'll take you back to the white house and you will see jeff sessions being sworn in as the southern general. as you watch, perhaps you should remember senator elizabeth warren says jeff sessions will bring radical hatred to the justice department and senator schumer says jeff sessions as the southern general makes his stomach turn. watch this. >> thank you very much, everybody for being here today. it is with great pride, very great pride, that it say these words to you right now. attorney general jeff sessions.
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welcome to the white house. [applause] i want to congratulate you, jeff, your wife mary and your entire family. jeff sessions has been a federal prosecutor at the highest level and the most respected level. a state attorney general and u.s. senator for two decades. he devoted his life to the cause much justice and believes deeply that all people are equals in the eyes of the law. very importantly for jeff and for so many of us also in the eyes of god, he's a man of integrity, a man of principle and a man of total utter resolve. you just got a little witnessing of that. that resolve is what we need right now. america faces many challenges. we've face the men nals of rising crime and the threat of
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deadly terror. and it's not getting better but it will get better very soon. dangerous times require a determined attorney general which is what jeff is. jeff understands the job of attorney general is to serve and protect the people of the united states, and that is exactly what he will do and do better than anybody else can. he's trained better for it than anybody else, the level of respect that he has throughout this country as a former prosecutor, not even to mention being a long-time u.s. senator, is absolutely incredible. he will be a great protector of the people and signing three executive actions today designed restore safety in america, these executive actions continue to deliver on my campaign promises. first i'm directing the department of justice and
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homeland security to undertake all necessary and lawful action to break the back of the criminal cartels that have spread across our nation and are destroying the blood our youth and other people, many other people. secondly i'm directing the department of justice to form a task force and reducing violent crime in america. and thirdly i'm directing the department of justice to implement a plan to stop crime and crimes of violence against law enforcement officers. it's a shame what's been happening to our great, truly great law enforcement officers. that's going to stop as of today. today's ceremony should be seen as a clear message to the gang members and drug dealers terrorizing innocent people. your day is over.
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a new era of justice begins, and it begins right now. i want to thank and congratulate mary and our new attorney general, jeff sessions. i wish you god's wisdom and blessings in your journey. in vice president, would you please conduct the swearing in. thank you. thank you very much for being here, everybody. [applause] stuart: the president walked away. he's about to swear in jeff sessions. let's listen again. >> i jest sessions do solemnly swear that i will support and defendant constitution of the united states. >> that i will support and defend the constitution of the
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united states. >> against all enemies foreign and domestic. >> against all enemies foreign and domestic. >> that i will bear true faith and he lee jones to the state. >> that i will bear true faith and allegiance to the state. >> that i take this obligation freely without menta -- any menl reservation or purpose of evasion and i will well and faithfully discharge the duties of the office upon which i am about to enter be so help plea god. >> so help me god. [applause] stuart: you are looking at the live action presidency. who would have thought you could see the swearing in of the new attorney general streamed on
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facebook rebroadcast on television just like that. the president dominates the news cycle. we report it. the markets react and everybody else reacts to what the president just did. he's swamping the opposition. you have this emotional outpouring, hatred monger, et cetera, et cetera. along comes the president, uses technology and swamps them. >> i say welcome to the realities of the american presidency. they don't quite get it. but the presidency is a very powerful institution. whether he's dominating it with swearing in jeff sessions or with his twitter account. it's all president all the time. the interesting things is the democrats have gone into this pose of total resistance. he has two demonstrates in front
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of his how, how he's a man of the left. their strategy is to attack trump personally. oppose him on everything. you know what? somebody tried to do that recently. her name was hillary clinton. that was her campaign. they built the campaign around attacking trump. what the democrats are not doing is talking about trump's public policies. you have been suggesting here today trump is going to introduce his tax bill in two or three weeks. why aren't the democrats talking about the tax bill or infrastructure? they loaded everything up on taking him down. people tried that, been there, done that. it doesn't seem to work. stuart: the level of emotional hostility. you see it in stormr corporate life and the media. you certainly see it on the left. various sections of our society are uniformly lining up against president trump in an emotional
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fashion. >> they are becoming unhinged. the democratic party is basically reducing itself to street theater. it's all. clever sayings, funny uniforms and hats and tasks. what do you -- hats and masks. what do you think the average american thinks? people who voted for trump voted because they want antonin scalia's seat replaced with another scalia and they are getting that in neil gorsuch. and they wanted trump's policies on taxes and immigration. democrats are stuck on the personal quirks. they are still out of sync with the american people. stuart: you raised that in your article today. that seems to be to be like the last stand or openingal stroa from the teachers union.
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they failed. >> the spectacle. why did they throw everything against this one woman who is really in a second-level cabinet position? why the intensity. what i described in my column is they understand their support in the inner cities is eroding. schools are closing in the inner cities, enrollment is closing in places like chicago, kansas city, and the rights of charter schools in most of these places. flint, michigan, for the number of kids going to charters is 53% now. in detroit it's also 53%. district of columbia 45% going to charters. their bases of support is eroding. that's why they fought betsy
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devos who will lead the charge for public and private charter schools. thanks very much indeed. let's get investors' point of view on what we have seen this morning from president obama. along with the dow industrials are way up more than 100 point. in this tape you are watching now, he's signing those thee executive orders. now look at your screen. this is because in my opinion, it's because president trump said you are going to get that tax cutting package. you can look at it two to three weeks from now. you are trading -- up vestors are trading, this is a trump rally. this is a trump-made market move. >> absolutely. you are spot on. we have been look for a
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corporate tax cut. the corporate tack cut is enormous for investors. we are up today based on that. stuart: would you buy the stock of a company that comes out solidly against president trump? i'm thinking the apples of this world. not because of their underlying fundamentals, the financials of the company. would you buy them even though they are opposing president trump? >> all i do is looking at earnings and interest rates. that's how we evaluate stocks. would i buy them? yes. would i be happy about it? absolutely not. but i have to do what's best for my customers. stuart: the high-tech companies which oppose president trump are close to all-time highs. so it seems to me that politics in that sense makes no difference to the stock market. it's tax cuts they want, right,
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ed? >> stocks make higher highs. so if something is making a high, don't sell out of it. it could break out and make a substantial new high from there. people who are trouncing and tearing down president trump, i like them to take a screen shot of their lives and look at it four years from now. they will sit there and go, wow, i was really wrong about this president. stuart: thank you so much for joining us on a very important day. always appreciate it. i want to get more and what i call the *'s live-across presidency. his immigrationedder challenged in court. maybe that will slow down this live-action presidency. joining us now, robert charles. i think that the courts are going to slow down president trump's live action presidency. what say you?
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>> i am not so sure about that. i want to say, what a great day for america that jeff sessions is the attorney general and three immediate executive orders on cartels and ending violent crime and supporting law enforcement. but on the 9th circuit decision it should be a no-brainer and should not slow down the progress of this president. why a no-brainer? have any of your viewers google the article 2 of the constitution and you will see the first sentence vests all executive power in the president then goes on to talk about him as the commander-in-chief. stuart: there is no question. you are absolutely right. but what you are not factoring in is the 9th circuit court of appeals. you have to factor in politic. >> i clerked for the 9th
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circuit. i had judge canby on panels. at least two of the three judges sitting on this case looking at at stay are liberal activists. the third one seems to be a straight shooter, and a tech d a textualist. if the stay is granted, then the underlying t.r.o. or temporary restraining order by a judge, just one judge sitting in seattle would no longer hold back the executive order. why was the executive order done? it was done to protect americans and it's well within the legitimate rights of a president. all he has to do is the countries of concern present a significant risk which he did find. exactly what president obama found and the congress found before this congress. so it's completely legitimate. at the end of the day what you should be looking at is three
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factors. is there irreparable harm? it's clear there is no irreparable harm to an american citizen. is there a likelihood to succeed on the merits? they premised it on bad faith by this president relative to the muslim community. judge clifton pointed out there is no way to find discriminatory animus in this order. stuart: it's a constitutional crisis if that court says no to president trump's executive order. the markets still up nicely. 130 points higher for the dow industrials. this is all about the tax cut package which president trump says will be seen in two or three weeks. at least we can take a look at it.
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taking a look at some of the dow winners. financials have done so well. the s & p hits a record high.
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good year, necessity raised that target to $36. a judge blocks the humana deal. airlines doing well today. viviacom is a winner. more "varney" coming up.
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stuart: you want to talk about a jam-packed day? i'll tell you about it. the president signed three more executive orders. we don't have full details. liz: break the backs of the criminal drug cartels, and telling the department of justice to implement a plan to stop crime against law enforcement. stuart: there was the president signing the executive orders right after jeff sessions was sworn in as the new attorney general. i need the help of judge napolitano, come on in, please. this i find tumultuous. the president swears in jeff sessions as attorney general. he signs an executive order telling howa federal criminal laws must be applied. at 5:00 tonight there is a meeting with jeff sessions and the f.b.i. chiefs.
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>> kochies of those executive orders are being transmitted to the heads of each of the divisions in the justice department so they are prepared at 5:00 this afternoon to give a preliminary report on how they are going to respond to it. this is almost a treadmill presidency when you talk about nonstop. these are classic executive orders. they are not orders that change things. these are orders that say i'm donald trump, under the constitution i'm the chief law enforcement officer of the lands. there are 4,400 federal criminal laws, these have the ones i want you to focus on. this is the guidance that helps law enforcement when they note president has their back when they are concentrating on an area the president wants them to focus on. stuart: i think the left is reeling. >> they haven't seen anything like it. i think some republicans are
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reeling, too. stuart: what baivment never trump crowd? we saw jeff sessions being sworn in, it was streamed on facebook. we picked it up so you could see jeff sessions being sworn in. senator elizabeth warren said that jeff sessions introduces just -- what was it again? radical hatred. senator schumer said the idea that jeff sessions is attorney general turns his stomach. >> that's language the senator is generally unfamiliar with. this is the type offed type oft could get a senator sanctioned. but from the democratic point of view which chuck schumer believes he's serving, how does he advance the ball by saying
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the accepting most important person in law enforcement now turns his stomach? he dos hasn't done anything yet? he just got the job 15 minutes ago. stuart: he's pushed further and further to the radical left. >> is it the crowds in front of his townhouse? that's going to make public policy in the crowds in front of his townhouse? there should be a serious opposition party. it shouldn't be so far left it's marginalized. the democrats should challenge the republicans in congress. when they are that far to the left, we laugh at them. stu report live-action president, he meets with the executives from the airline industry. he makes the statement, we'll get a tax-cutting bill. the stock market guess way up. he swears in the new attorney
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general. >> the executive orders are begun to be implemented five hours aftere signs them. they are doing a great job. stuart: the market still up 126 points. new highs on the s & p. new highs on the nasdaq. we'll be back. as a control enthusiast, i'm all-business when i travel... even when i travel... for leisure. so i go national, where i can choose any available upgrade in the aisle - without starting any conversations- -or paying any upcharges. what can i say? control suits me. go national. go like a pro. put under a microscope,
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stuart: live-action presidency giving us dramatic action, certainly on the market. we are up 130 points. next week the action continues. we have a special visitor coming to d.c.? liz: fell justin trudeau is going to meet with the president. he says he will welcome refugees in canada. stuart: this is a developing story of great import. the daily caller reports, three congressional i.t., information technology workers have been fired. who were they? liz: they worked for homeland security intelligence and foreign affairs committees on computer systems. they were tech support guys.
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they broke into allegedly 20-plus members of house and the fears is they sphoal equipment, stole date and possibly stole data. that's the fear. stuart: three people fired and there was a criminal probe into others? >> there is a total of 5, three or four brothers and one woman. stuart: they allegedly accessed the information of congress people on three important committees, house intelligence, home the security and foreign affairs. liz: 20-plus members of congress at risk. stuart: this is a gigantic story. it's been around for a while but not reported. the daily caller got the story. liz: one of the congressmen in play.
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remember andre carson was at a microphone and nancy pelosi said tell them you are a muslim. stu are's a congressman. the other night on a podium with nancy pelosi, she said tell them you are a muslim. and this man, mr. carson, he hired these three people to work in i.t. that now have been fired and allegedly they accessed the information of congress people on three key intelligence committee. liz: he's among the group of 0 congressmen. we don't know the ridge background of the workers who have been fired. this is an underreported story about our national security and how members of congress protect that information. because they cover terrorism. they cover terrorism strategies. stuart: am i right in saying one
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of the people fired had a criminal record. liz: yes, he has a criminal record and he file for bankruptcy pass well. three brothers. stuart: all of them make over $100 a year. liz: $160,000. stuart: one is a criminal felon introduced into the i.t. department of congress. liz: that's correct. stuart: that's one of the bigger news tories of the day in my personal opinion. we are up 130 point. this rally began roughly 10:00 eastern time when we first got word and liz broke it on the program. you broke the story that president trump said you are going to get to see a tax cut package very soon. stuart: you broke it. president trump said it will be phenomenal.
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what a day. live-across presidency. - -- live-action presidency and live-action news. neil, it's all yours. neil: the trend these days of the news media. let's have kellyanne on and rip her a new one, say awful thing to her and go on and on about it. you chose a let's do a substantive interview, get into issues that matter and you moved the markets. that's what it's all about. the 1-2 from the president of the united states and with what kellyanne told you, we are off to the races. stuart: i already had it all from you. neil: would that that be true. that is just great stuff. it's great journalism.

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