an if it closed right there, 20,748, it would be the 28th record high for the dow jones industrial average since the election. ain't seen nothing like that before, have you? neil cavuto. neil: how do you know all of these details? tells me you have a lot of time on your hands. stuart: no. see this thing in my ear. called an ifb. interrupting feedback. i have a producer telling me what to say. it is really cool. neil: i don't wear one. i find it annoying when they talk to me. stuart: at night i hear voices in my head but that is another story. neil: i hear you. we're in record territory. this latest push has a lot to do with existing home sales number reach ad 10-year high. real estate looks pretty good. right now the prospects for tax cuts look, very, very good. the president is meeting with his economic team, crunching

numbers and discussing a federal budget. blake burman at the white house with more. hey, blake? reporter: neil, there is expected to be a big powwow at the white house over lunch as the budget comes front and center for the president and top advisors on this day in several different meetings. we'll show you who is expected to be in this meeting at this hundred up hour along with the president. reince priebus, chief of staff. steve bannon, chief strategist. jared kushner, senior advisor. gary cohn, national economic council, basically become the president's top economic advise sorry. steve mnuchin, the treasury secretary, mick mulvaney, office of management and budget. a couple of his top aides. it is the budget they talk about over the lunch meeting. when you talk about the budget, it is not just that, which is a massive task to begin with but the administration is talking about repealing and replacing obamacare which would somehow fit within that.

also this major tax reform overhaul that they are set to unveil here we are told within the next few weeks. after this meeting by the way, then there is a meeting with the president and his senior advisors in the oval office. after that, later this afternoon, there will also be what is being described as a legislative affairs meeting with the president as well. of course all of this will eventually have to go before congress. neil, when you talk about the budget it is legally supposed to be put forth by february 1st of course with a new president that is unrealistic. when you look what happened with pass precedents of those who the president succeeded, president oba, he put his budget forward, his first budget, three months into office. the two presidents before that were two months into office. here we are the start of month two, it is front and center with the president, neil. neil: we're told a lot of budget restraints put in place i think

for 2011, when they had the borderline shutdown and things were going to go to hell, they want to lift the caps at least on defense, right? then you're opening up a can of worms, right? >> the president talks about major defense spending and infrastructure spending and tax cuts cost money. the big question, where do you pull from? neil: good seeing you my friend. talk of improvement in the economy. talk of better-than-expected earnings all lifting the dow. any gain would be good enough for a ninth straight record close for the dow. the pace is picking up seem here ever since donald trump's election as president. all the major market averages appreciated, well appreciably. allergan ceo is here and says the import tax would hurt the drugmaker. he is here to talk about some of the things they're talking about the oval office. >> thanks for having me, neil. neil: we were chatting briefly

in the green room there you were not among ceos, you could have been, you were not among those who met at white house. any reason for that? >> i think the pharma, trade association, organized that with the administration and they pick ad few ceos to go represent all of us on the board of pharma. the guys that went a great job. neil: not had laundry to do? >> not at all. i would have been happy to go and certainly happy with the ceos that went. they did a fine job representing our industry and some issues neil: you were caught up in political storm, happens on the right or the left, remember with 1,160,000,000,000-dollar merger offer -- $160 billion merger with and president obama at the time said that can't stand and sort of rejected it. then it follow it didn't follow through and it was over. are you a afraid that this president could have the same sort of view, that companies, that are, mainly based abroad,

even though you're in 100 countries, 16,000 workers, i understand that that you will get no nicer treatment under this guy than the last guy? >> i think to be fair president obama and president trump don't want to see american companies go and leave overseas. neil: right. >> i think the way they go about it may be very different, right? neil: but you're right, they were similar in that respect. >> very similar but i think the obama administration, like they did with us, used chains and locked us in to staying here, american companies. neil: it was perfectly legal tactic. there is nothing illegal what was being done -- >> that is being debated in the courts. neil: this president doesn't seem anymore predisposed to companies who do that sort of thing. are you worried about that that, that the tone changes? separately he is going after drug prices? in other words, he might not be a friendly president for your industry? >> i think that is a fair

comment. i think he he is a a pop you li. the trump administration along with republican congress seems to look at saying, no, let's fix our problems so you don't leave. go to a territorial--based tax system. the reason american companies want to leave we have uncompetitive tax code. to be competitive with other foreign nationals we go abroad. neil: that was the impetus -- >> that was the impetus. it is about leveling the playing field. neil: what if tax rates are reduced to the degree president trump wants, would you reconsider that? would you be back in the united states. >> i don't know if we would move. we have been in ireland several years. we have almost 5000 employees

there and we built an entire system and we're happy with our irish domicile. as an american citizen i would love to see america be more competitive and not have history repeat itself with great american companies feeling they need to leave to be able to compete on a global scale. neil: because that is the flip side, brent, if you think about it, about wanting to base companies in america, protect american jobs. i concede that, commend the president for that, but sometimes you cut off your nose to spite your face, that protectionist talk. >> right. neil: maybe that is too strong could be the death in the markets, markets running up on regulations going down, taxes going down, could realize what's being done here with a border tax, import tax, all that sort of stuff, it could all wash away, do you worry about that? >> i do worry about that but when you look at congressional leadership and some of the plans they have have been very thought if you recall about this. we have to find enough revenue

to run the government. neil: i don't see taxes are going anywhere, i increasingly hear votes are not there. they have to pay for the tax cuts presumably. i don't know what they cut, that is what they're discussing now. but they're running out of options. >> my guess you're right, that tax isn't going anywhere what my sources are saying that the corporate rate will not fall as much as people hope but we'll go to territorial system where american companies won't be disadvantaged on a global scale. they won't be double taxed where they're simply american where a irish company, a japane company, french coany is only taxed once on their income. neil: what did you make the president saying making drugs prices more affordable for folks? you put a lot of money into research. could be years before it comes out. we hear the eye-popping stories

that americans are priced out. what is the balance? >> coring to tufts, 10 years, 2.$6 billion to bring a new drug to market. think of big unmet needs. we have alzheimer's we don't have a solution. billions of dollars are poured in to understand the disease yet they all failed so far, right? we need to encourage that kind of investment. on the flip side you see really egregious stories about drug pricing that are simply wrong. what we've done at allergan, we've taken our own load and passed a social contract where we said we will self-regulate our drug pricing and we'll be transparent about it. so this year in 2017 our net price increases will be somewhere around 2.6%. and so we are really exercising self restraint. we've seen other companies follow, not all of them. other companies do their own thing which is fine too. i think things are moving in the right direction but there are still a couple of bad actors out

there and we need to look at the mainstream industry that is innovating and investing billions and billions of dollars. neil: but do you think the environment is not favorable for your industry coming together, mergers? i thought of what happened when pfizer fell through under president obama. >> yeah. neil: just recently anthem and cigna killing off a 54 billion-dollar merger, i could go on, you've been making a number of smaller acquisitions the last year, totaling 5, $6 billion worth, very targeted and very calculated but it doesn't get to the bigger issue of heft so what do you do? >> innovation side of this business, research based pharmaceutical companies are still a fragmented industry. there are still economies of scale to be gained by m&a, that will happen over the next year or years. neil: but it is no longer, it seems, big m&a and mergers.

five to 6 billion is nothing to sneeze at, don't get me wrong but it is not a 100 billion. >> you saw this morning carl icahn moved into bristol-myers. neil: took a stake in the company. >> took a stake and proclaimedded he thought was good takeover play. neil: he could be rejiggering the math. your company would benefit from that sort of value rejiggering as well but there are some questions unanswered with president trump and what he wants to do. do you feel drug pricing has to be readdressed in this country, no matter what you're doing to make the process more transparent? do you think more has to be done? maybe after the epipen stuff and stuff similarly followed it is due for a big step back? >> i do think more needs to be done. i think more needs to be done by the industry rather than the government. the government taking over pricing drugs, health care, is the last thing we need in america. we don't do a good job when government takes over large part of our business.

neil: are you worried that is more likely under president trump? >> i don't think it is more likely under president trump, but may be four, eight years, something, if this issue isn't solved we're really looking at. it won't be just drugs, it will be all of health care and -- neil: what about the big macro picture for you? you touched on it there, if macro rate go down 20% corporate rate, he wants 15% we're told or top rate goes down to 33%. we're told it could be more like 35, who knows, that it will be simpler and cleaner tax code. of course we heard that before. how likely is that? how does it change what you do, how you do it and where you do it? >> yeah. i think it all, issue with tax reform the devil is always in the details. i think a simpler tax system is better for everybody for individuals, for individuals and corporations. i think people want to know what the rules are and play by the rules. neil: right. >> i think what we see today, even in the corporate tax system

is such a complicated, complex system where -- neil: if you factor, into your planning lower taxes next year -- >> we don't. we do not. neil: just a benefit if it happens? >> absolutely. i think it is premature. i'm not sure we he is -- neil: what do you see though? >> we're not factoring in. neil: once in a generation chance to address the tax code, we don't end up doing? >> i do. and i worry that there are some initiatives on the table, repeal and replace. immigration. there is all sorts of different initiatives that are important, that are on the table that taxes gets left hine or diluted. this is perfect opportunity for the president and for congress to simplify our tax code, to make it more competitive with the rest of the world, and to encourage american growth that then fuels growth for the rest of the world t really feels like the moment is now and we should take advantage of it. neil: now you're a very low-key guy. you're not a loud guy. that is a great quality to have.

the president is not a low-key guy. he is quite allowed guy. that engenders all this stuff you hear back and forth in the media. leadership qualities, when you look at that, how do you think he is doing. is he hurting himself, helping himself? obviously a month in. >> he has a very different style than i do. he likes to be out front. i think he is doing a reasonably good job in that -- well i tell you what he has done a great job surrounding himself with really talented people. he gets an a for that. as a leader you tend to pick two or three things and do them really well. you get some wins behind you and use momentum of wins. neil: like over him? >> i like the team. i have respect for our president. i always respect the office of the president. the question is he taking on too much?

neil: what about his predecessor? >> it is too early. neil: got you in a weak moment. >> too early to call. i'm rooting for president trump and i root for president obama. we want america to be successful. we want to see great things happen here. neil: but if he kills off obamacare, i don't know they will replace it with, how does that affect you? >> i'm not sure it has a huge effect on the drug industry because we never really saw a big benefit from the affordable care act. the thing i worry about we can't put 20 million americans at risk. so we need to -- neil: 20 million who have insurance. >> who have it today. we need to do it very thought fully. neil: make it difficult, bipolar, schizophrenic, drugs -- >> may make it harder or may make it easier. depends what they replace it with. hhs secretary, dr. tom price a surgeon, who understands how health care is delivered to

patients. with his voice you hope they do it in a way that is how theful to the patient the and physicians to have a choice how they treat their own patients. neil: brent saunders, thank you very much. good seeing you. >> thank you for having me. neil: didn't realize you're so young. >> all the botox. neil: all the botox. allergan ceo. we have a lot more coming up including aforementioned budget items that brent saunders got into. that could have a lot to do how these corporations, all types move forward here. 're told the administration is crunching the numbers what could be aery big tax cut and might not have the means to pay for it with the so-called border tax. how does it pay for it or do you pay for a big tax cut? many argue you do. it is like spending. others say take a chill pill. which is not patented by any major biotech company. we'll see.

you're watching fox business.

when you're close to the people you love, does psoriasis ever get in the way of a touching moment? if you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. taltz is proven to give you a chance at completely clear skin. with taltz, up to 90% of patients had a significant improvement of their psoriasis plaques. in fact, 4 out of 10 even achieved completely clear skin. do not use if you are allergic to taltz. before starting you should be checked for tuberculosis. taltz may increase your risk of infections and lower your ability to fight them. tell your doctor if you are being treated for an infection or have symptoms. or if you have received a vaccine or plan to. inflammatory bowel disease can happen with taltz. including worsening of symptoms. serious allergic reactions can occur.

now's your chance at completely clear skin. just ask your doctor about taltz.

>> bring him out. bring him out. neil: a lot of town hall rallies going on around the country, particularly this week when congress is off for the extended president day's weekend. what happens, a lot of left-leaning groups, bo to the things, crowd them out, shout them out, chase guys running them out. house ways and mea cmittee member tom reed tries to keep going thugh all of that. he has been taking on the angry crowds and challenging them one by one. give him kudos for that, whether you disagree or agree with him. a lot of these guys hide from him. congressman, good to see you. they say they're doing what the tea party did to left-leaning

establishment pub -- republicans years back. i see a difference. what say you. >> these people are upset that president trump won the presidency. you see organized efforts in parts to bring the message, to trap members and get yahoo! moments where they run the tapes. neil: so you go ahead and engage them. how does that go? you take a bullhorn like you do here and last week when you were doing just that. what kind of reaction do you get? >> well, at the end of the day i think if real people do appreciate it. we did six hours of town halls on saturday. we've done 200 plus over our career. this is cornerstone i believe representing to people. you have to listen to people. you have to cut through the rhetoric. neil: i was listening to some of this, congressman. they don't listen to you. they keep shouting you down. not all the time and not all the protesters, but what do you gain? what happens?

>> what i gain is hopefully credibility. i also gain incite when we do cut through the rhetoric. in those six hours we had a few hours of good conversation, good, constructive dialogue to try to understand where each other is coming from. that is how i'm wired. neil: i admire that. switch gears, you serve on house ways and means committee. we're told for blueprint for big tax cut, president says next couple weeks. apparently meeting with all the key budget folks right now, to crutch the numbers and pay for the tax cuts. we're told import tax might not go anywhere in the house, or for that matter in the senate. is that true? is that your sense? if it is the case that it doesn't look like it will topen, is there still an offset whatever you're offering in tax cuts, or should there be? >> well you know, i can tell you on the ways and means committee and in the house we're pushing forward. we have been driving the conversation of tax reform for years now. until there is alternative

proposal, we're putting in the better way, what we'll run with. until we get to a solution where senators start to weigh in and white house will weigh in very shortly, that is the dialogue we need, tax reform needs to be done. neil: if there is no import taxes are you to believe you will find another way to pay for tax cuts whatever final sum will be? >> obviously we're looking to pay for tax reform going forward. being a fiscal conservative i'm very attractive to that. we want tax policy right and to produce growth and opportunity. until there is alternative proposal out there this is the proposal we'll put out to the american people. we're getting feedback. some people raise the legitimate concerns. we're about finding a solution, i believe coming together we'll get this done for the american people. neil: congressman tom reed, good seeing you, thank you very, very much. >> thank you so much, neil. neil: this will be the first opportunity for the president of mexico and other high-ranking officials south of the border to meet with a trump administration official, in this case the new secretary of state.

what do you think the president is telling him, as far as a message to send to mexicans? after this. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing.

neil: what is spanish for you're just wasting your time? we're aring mexico'soreign minister will not accept any u.s., unilateral immigration policies. this is ahead of the secretary of state tillerson and his visit to that country. he is is getting final advice from his boss, the president, exactly what they will and will not pass along to our southern neighbors. former cia analyst fred flights on how the white house is handling all of this. always good to see you. >> good to be here. neil: obviously the mexicans are saying no beans. we'll not do any of the stuff you're talking about. we'll bypass you entirely, not off to a great start.

not paying for the wall though the administration says it will be. what do you make of this? >> the talks haven't begun between tillerson and general kelly is going to mexico. neil: that's true. >> tillerson had a great debut in europe, interesting dialogue but tough. this will give mexican leaders to vent a little bit. of the at the end of the day the mexico united states united states for it is economy. there is a hugo chavez wannabe, the leading candidate to win the mexican presidency next year. the ruling party doesn't want that. the trump administration doesn't want that i think there is something to negotiate. neil: work with the friend you have and not the enemies could you have, right? >> that is exactly right. we're going to hear a lot of rhetoric from president pena nieto. he has to do that. there is a lot of opposition to trump in mexico. but pena nieto can not afford this to spin out of control. neil: you mentioned john kelly

going there, the department of homeland security secretary, going along with rex tillerson our secretary of state. what do you read into that? homeland security guy going with the secretary of state? and that this is, obviously heightening the border urgency that is not coincidental or accidental, to do it this way? what do you make of that? >> i think kelly is going to try to explain some of these new policies that the president is putting in place. now bear in mind that the esident wants to start deporting a nuer of illegal aliens into mexico. we have to negotiate that with the mexican government. we can't put them on a bridge say, hey, go that way. the mexican government has to accept them. so kelly has to start the talks to get this policy underway. neil: all right. i understand that where they have to accept them, but they have to acknowledge first of all they illegally left the country and they have to be illegally allowed back in the country, otherwise they're in no-man's land. otherwise the illegals,

particularly the administration targeting particularly criminal illegals are right back here in the united states that happens again, and again. if the mexicans don't cooperate, doesn't that stand to reason it will keep happening? >> i think there is a real problem and there is significant possibility that mexico is not going to accept a lot of these people who the trump administration wants to deport, especially if they're criminals. this will take some hard negotiations. neil: all right. you mentioned, fred, how tillerson in particular won over admirers in europe and standing by nato and stuff that eased a lot of tensions but invariably he is placed in the role dialing back some of the more harsh comments the president has made. i assume he will have to do the same with the mexicans when he visits there. it is kind of like a weird position to be in, isn't it? >> i think tillerson's job, basically let people vent and

let people express their concerns about trump's policies. he will have to tell them calmly. all right, guys, i hear what you're saying, this is what we're going to do. this is what the president said we're going to do. i don't think tillerson will undo on apologize to trump's policies and he will explain them and their concerns about them. neil: what he meant to say, when he meant to say? >> you know, i think in private tillerson is going to have some pretty candid discussions to say lookwe understand your concerns. neil: right. >> there is a new sheriff in town. we're going to do this of the let's try to work together. neil: fred fleits. >> great to be here. neil: they're crunching numbers at the white house. this will be the first opportunity for this new president to construct a budget and if it tax cut is included find a way to pay for that. charlie gasparino, some of the obstacles, and they could be big

ones, in putting that together. after that. ck shouldn't be this complicated. yet some cards limit where you earn bonus cash back to a few places. and then, change those places every few months. enough with that! (echo) with quicksilver from capital one you've always earned unlimited 1.5% cash back on every purchase, everywhere. welcome to unlimited. what's in your wallet? across new york state, from long island to buffalo, from rochester to the hudson valley, from albany to utica, creative business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. let us help grow your company's tomorrow - today at esd.ny.gov

♪ ♪ ♪ whether you're after supreme performance... ...advanced intelligence... ...or breathtaking style... ...there's a c-class just for you. decisions, decisions, decisions. lease the c300 sedan for $389 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing.

>> more needs to be done by industry and government taking over pricing drugs, health care is last thing we need in america. we don't do a good job when government takes over large parts of our business. neil: are you worried more likely under president trump? >> i don't think it is more likely under president trump,

but may be four, eight years down the road. if this issue isn't solved we're really looking at. it won't be drugs. it will be all of health care. neil: bret saunders, allergan ceo that be careful what you wish for. government taking over with we do, might not be in your interests drug or otherwise. we should point out he has been continuing with busy acquisition spree as we touched on this show and botox maker that specializes in body contouring technology. you know what that is. freeze the fat in your body. don't ask. fortunately this guy doesn't have to worry about such things. what he is saying, charlie, around hearing more u.s. jobs, hear you on having more consumer friendly products and more u.s.-friendly environment. we can handle it. we don't need the government handling it. >> i tend to agree with that. the the devil is in the details.

we have to wane off a system heavily government related with price controls and you can't get -- neil: isn't the president making it more that way or risking that? >> we don't know what the new health care is all about, beyond the mandates, when you mandate stay in the u.s., keep jobs in the u.s., allergan is famous for incorporating in ireland for lower rate, pfizer wanted to buy them, they ultimately cans he would the merger, president obama said this is horrific, it will not happen. >> right. neil: will they have any friendlier environment under this president? i doubt it. >> i think the equation is two-fold. part of it is i'm not threatening countries, donald -- neil: president trump. >> president -- neil: you can't call him donald anymore. >> i can't. neil: president trump. >> very hard. i'm breaking out in a rash right now. neil: what do you think of that fat contouring drug? is that cool? you freeze it and -- >> i tell you, i don't mind

losing a few pounds, you know? neil, there is two parts of the equation here. some of that stuff which i think is not good, telling businesses where they should relocate. by the way border taxes in the u.s. consumer? it will cost us more money can't import cheaply, you can't build stuff here in the u.s.,. neil: they argue, watch this show. you forget to point out, we always point out, more than offsetting that is the lower taxes lower regulations. >> that is the point i'm going to say. have you been look at second part, does lower taxes, lower regulation, getting government out of the health care business -- listen, epipen? huge controversy for the price of this thing. there is gazillions? there is technology like building a chair, right? there is not exactly -- neil: they came up with it. >> they came up with it, not exactly nuclear physics that came up with the epipen. why can't their be generic models of the epipen that helps

bring down the cost for people that actually need it and can't afford thousands of dollars of epipen? that is some. things that will be a tradeoff between the sort of mercantile listic antitrade ininstincts of donald trump. neil: what does your gut say? administration argument you slash corporate taxes to the degree we want to do, bring the corporate rate down to 20% from almost 40%. the top rate from over 40% with obamacare surtaxes to 33%. >> right. neil: you're solving a lot of ills there, even with the protectionist bent? >> i agree to a certain extent to that. i don't know exactly where it will come out. this market right now, dow 21,000, essentially where we're at. neil: right. >> really is saying the economy could grow by $3 trillion. neil: what if we don't have the tax cuts paid for? >> i think they're paid -- the market likes stimulus. they believe if you don't go

crazy on infrastructure, there will be stimulus and economy will grow. neil: even short term deficits would be okay. >> i think so. i think you're going to get, you're going to get a revenue boost from it. the problem when you go crazy with other stuff and too much fiscal stimulus and too big of a deficit right off the bat, that is when bond yields start rising -- neil: you don't equate, just to be clear, you don't equate paying for spending like you would paying for let's say a tax cut? >> i wouldn't do it right now. neil: okay. >> if you keep it in line you won't get the long bond, 10-year spiking. if the long bond doesn't go up, interest rates don't go up too much, people keep buying stocks. the economy won't slow. if the connie doesn't slow you get revenues. by the way this isn't -- neil: financial stocks run up so fast and appreciably betting on a market rally no doubt. >> they're betting on him doing a corporate or 20%. neil: i understand that.

if they all of a sudden produce the budget that shows deeper holes in the near future before they get revenue from this, how is the market going to respond? >> i think less the budget than the tax cuts. if he backs off, if he justifies building a wall, by cutting corporate tax rate from 35 to say 30, this market is going to sell off. that is what they're looking at. they're looking at stimulus. stocks are looking at stimulus. neil: don't cool it on the tax cuts, far from it. >> let the economy pick up. infrastructure, we may need infrastructure. never really a good way bang for the buck in terms of the economy president obama spent nearly a trillion, 800 billion, he didn't get the job growth, every bs analysis came out of the budget office said we would get job growth here, here. neil: your father was into construction, right. >> my dad was a iron worker, a while after. neil: you're dismissing your past. >> no, i'm saying what works

best? does it work best to get the economy going and then doing infrastructure or states pay for their own infrastructure as economy is growing? where do you get biggest bang for the buck? years of infrastructure spending in new york, we still have lousy infrastructure. we still have high unemployment economy outside of new york city, propped up by banks and real estate. upstate new york. this state spends on money on infrastructure. the great story, tunnel to nowhere, the port authority built a tunnel out to jfk was nothing. itas a make-work project. you have to be really careful with that. the private sector actually allocates capital better i believe and the studies show it. i think if you're worrying about the markets and growing the economy, step, then you really need to worry if donald trump steps away from his personal income tax cuts. neil: or dials them back. >> or dials them back or

corporate tax cut. dow 21,000 is factoring in $3 trillion of extra gdp growth. neil: you made up that number. >> no. i talk to people every day. neil: who made up that number. >> these guys are rich because they don't make things up. neil: okay. >> they get stuff right. neil: i figure you're defending them an didn't check it out. >> you know what? you hate prosperity. neil: no, i hate you. >> you are jealous of people who are successful, you barney frank and elizabeth warren. all you liberals are in the same boat. neil: you're incorrigible. >> sean hannity, all you guys. neil: thank you. >> eric bolling. neil: keep it going. you're on a roll here. white house brief something coming up in a few moments. they're always entertaining. a lot more, maybe they will get into some of these issues charlie did. all kidding aside, hear it first on charlie and with charlie. everyone is mentioning after the fact. why is that? because we break news and the other guys try to fick it.nna bn

-- fix it. t selling some of it. my dad gave me those shares, you know? he ran that company. i get it. but you know i think you own too much. gotta manage your risk. and you've gotta switch to decaf. an honest opinion, even if you disagree. with 14,000 financial advisors it's how edward jones makes sense of investing. withevery late night...g... and moment away... with every click...call...punch... and paycheck... you've earned your medicare. it was a deal that was made long ago, and aarp believes it should be honored. thankfully, president trump does too. "i am going to protect and save your social security and your medicare. you made a deal a long time ago." now, it's congress' turn. tell them to protect medicare.

neil: dow is up in record territory, i watch what other networks are doing. i don't want to give away the network because that would be tacky but literally have question and debate going, donald trump total disaster or worse than the titanic? that is something like that. that is idea of nair and balanced debate. we try to cover everything, good, bad, in between. we figure if you're 24 hour news channel, time for all that. we have time for ahead of this white house briefing, something that hits from the budget meeting the president is having with hess top economic gurus, including what he wants to prioritize in a budget plan to keep the health care plan going along. says that he is very close in making progress. that they may be able to look at something along health care. early to mid-march. something what we've been

hearing out of the house and senate. that the u.s. has a lot of work to do on the national debt. now that latter one would fall into the category of duh. with 20 trillion in debt. obviously a lot to do. sort of the first time he is crunching all this together on numbers and tax cuts all that jibes. market watcher david gordon. reading the markets he is optimistic he will see through all of this and will see the wisdom of big tax cuts in the middle of all of this. do you? >> could you repeat that? i couldn't hear you. neil: do you see tax cuts still on the table and big ones at that? >> absolutely. i see tremendous tax cuts. bring corporate tax rate down to 20%. the one that will hold it off the vat, border adjustment tax. congress will have problems. neil: what about that doesn't happen, david? i'm getting increasing signs that it is not going to happen? >> if that doesn't happen i think we're due for a pull back

because the market is pricing in big tax cuts. market pricing in big deregulation. market is pricing in infrastructure spending. if that doesn't happen we could see a pull back. neil: what if you get the big tax cuts. without particularly paying for them, border tax, whatever you want to call, doesn't have votes and republicans can't muster enough in spending cuts. if you're in the camp you have to pay for tax cuts, they're not going to be able to. but they still have the big tax cuts. how do you feel about that. how do you think how the markets with regard to the feelings respond to that? they're not paid for up front? >> the downside not paying for them. bush tax cuts you have only 10 years. artificial stimulation. as you see before. market initially will rally. it is very shortsighted. it is looks for today not necessarily down the future.

down the road if we don't have balanced tax cuts that is problem. neil: if they scale it back, if they don't get this import tax thing maybe they're not as aggressive on tax cuts. maybe for upper income it is not cut to 33% or 35%. the corporate tax rate isn't lowered to 20%, more than 25%. then what? >> i'm not as concerned on personal tax cuts. i think as far as markets are concerned. as long as you get some kind of a pullback in the corporate tax rates, we're in pretty good shape and smooth sailing. neil: david, i don't mean to interrupt you. we did, whether he liked it or not. that is me but that is the way it foes. meeting with the his top economic team on the budget. let's listen. >> total confidence in mick, known him for a long time. he loves those budgets. unfortunately the budget we're inheriting, essentially inheriting is a mess. the finances of our country are a mess, but we're going to clean them up. things that we've been doing

including the negotiating deals already been negotiated, renegotiating on airplanes, lot of other things, military items. we'll get many more planes free and we'll save a lot of money. we already saved a lot. billions and billions of dollars we saved. enormous work to do as national debt doubled over the last eight years. our debt has doubled over a short period of time. i want the american people to know that our budget will reflect their priorities. it will be directing all of our departments and agencies to protect every last american and every last tax dollar. no more wasted money. we're going to be spending the money in a very, very careful manner. our moral duty to taxpayer requires us to make our government leaner, more accountable, we must do a lot more with less, and must stop

the improper payments and abuses, negotiate better prices and look for every last dollar of saving. we've already imposed hiring freezes on non-essential government workers and part of our commitment is to do that for the american people taxpayer. we have appointed a cabinet that knows how to manage dollars wisely. i've known many of the folks for a long time. they have been tremendous winners, whether it is steve or gary or another steve right here. that is why i will direct them to manage the country's dollars and your dollars very wisely. we won't let your money be wasted anymore. we're going to run government smoothly and efficient i and on behalf of the very hard-working taxpayers, something that the taxpayers haven't seen in a long time. i will be holding everybody accountable for that, and i have

no doubt that this group in particular, this group will do a fantastic job. i want to congratulate steve mnuchin as our new secretary of treasury. he has pa tremendous track record. i have a great confidence in him. we'll continue on and take this budget in all fairness, i've only been here for four weeks, so i can't take too much of the blame for what happened? but it is absolutely out of control. we're going to do things that are going to be tremendous over the years. we have to take care of our military. i have no choice. we have to take care of our military. needs work, very depleted. we have to take care of a lot of other things. health care is moving along nicely. it is being put into final forms. as you know before we do the tax which is actually very well-finalizes.

health care or statutorily other otherwise. we're doing headlight care. moving along very well, sometime during the month of march, maybe mid to early march, we'll be isn'ting something that i think people will be very impressed by. and with that we're going to have a little meeting and i think the press knows pretty much all of the people at the table. so thank you very much. [shouting] neil: all right. very interesting there, as gary cohn by the way among his top economic officials, sort of talking a budget strategy here. jared kushner there as well. he is talking about trying to address a debt that has effectively, more than doubled under his predecessor. the president also indicating right now that he want to get a control out of that, of that situation. but again, some of the popular things we've heard being bandied about getting rid of corporation for public broadcasting, nixing

the national endowment of arts, americorps, that would amount 2 1/2 to $3 billion in a $4 trillion budget. keep in mind the other nuance as we await sean spicer to spell a lot of this out with supporters and can't touch defense and a lot of entitlement programs. that is carryover of from 2011 budget accord that stopped a government shutdown. they have agreed to that. now the talk is republicans want to open that up to increased money for defense. to provide monies for the wall along the southern border. longer term, the administration hopes mexicans will pay for. democrats said you do that, expand money for entitlements. you know where this is going. gerri willis, it will be hard to deliver on all of that. mid-march, time frame, repealing, replacing obama care, tax cuts, better sense where the budget is going. what is your sense of things?

>> this is news to conservative ears. we'll not waste more money. look at budget deficits, budget deficits expanding $9 trillion next 10 years even without the trump tax plan other congressional tax plan. we have 19 trillion in overall federal debt. high hurdles, he didn't put them in place. yes they're there. neil: sean spicer. >> president finished up on budget remarks before i came out. it has clearly been a busy day at the white house again. i will keep it quick and get to your questions. this morning after receiving his daily intelligence briefing the president met with secretary of state rex tillerson. as you all know secretary tillerson and secretary kelly will travel to mexico city today as one of their first foreign trips. it is significant that the president is sending the secretary to mexico so early in the administration.

it is symbolic of the meaningful relationship that our two nations have. these are important meetings regarding the president's agenda to improve the quality of lives for both people of mexico and the united states by combating drug traffickers, and bolstering ways to bolster economies through broader relationship with promote commerce and illegal immigration. this is start to working relationship with incredible neighbor to the south. at this moment the president wrapped up his discussions on the federal budget with some of the officials and staff who will be instrumental with the work to put this country on path to responsibly fiscal path. joining the meeting where reince priebus, chief of staff, steve bannon, jared kushner, gary cohn, director of economic council, secretary steve mnuchin, the department of treasury, director mick mulvaney, office of management and budget. russ voight of office of management and budget.

important members of the senior staff, additional vice president today is in st. louis to participate and engineer dealer a 100-year-old owned and operated business. during the visit the president will discus comeback under the president's economic agenda and with small business owners and employees. the president has made strides toward slashing regulations through executive action and we will work with congress to enact progrowth legislation. back to the president's schedule later this afternoon, the president will participate in strategy session. our legislative affairs team is

in constant contact with counterparts on the hill keeping open dialogue on all aspects of the president's agenda. last week alone more than 40 different senator and congressee white house. on the supreme court front, so far judge gorsuch has now met with 58 senators, 36 republicans and 22 democrats and he has more meetings on the books for next week when the senate returns to session. we have been specially encouraged by several democrats. also on the confirmation front, multiple unions came out today for alex acosta, the president's nominee for labor secretary, both the labor international union of america and international union of operating engineers praised his distinguished career and pledged support for his nomination. the legislative affairs team is using the congressional work period to coordinate with key coalitions in congress. they are meeting with different groups in the house and senate

including the staff in the congressional black caucus, house and senate leadership and vaous committees. we have used this work period as an opportunity to invite staffers on both sides of the aisle to come to the white house and discuss shared priorities and find common ground on the way forward. we actively engaged with key leaders around the country. it's critical that we gather inputs from states and from people throughout the country rather than just leaders in washington. tomorrow president will meet with world-class leaders to discuss specific action he can take to remove barriers to job creation. leaders, many of whom represent, manufactureers, the working groups will engage in a conversation on the attendee specific areas of expertise, topics, deregulation, tax and trade and training and workforce of the future and

infrastructure. vice president pence will be engaged with each of the groups and after the groups conclude their discussion, the president staff will compile feedback and the president will sit with the entire group on listening session with some of recommendations, as you can tell by the structure of the meeting, the president is expecting interactions to lead by real action by the administration creating a dynamic and booming economy that works for all americans, it continues to be at the top of domestic policy agenda. as a successful businessman himself, the president knows we need to hear directly from job creators, what is holding back and where appropriate steps to remove barriers. in first month in office the president has taken numerous steps to boost job creation and key economic indicators are showing that it's working. ceo and confidence are up, the stock market continues to be record high and january numbers were strong. with that, i would likely glad to take some qstions.

[inaudible conversatns] [laughter] >> thank you, c you give us an update on the administration's plan in regard to transgender bathroom, can you confirm that there's been disagreements between secretary devos and the attorney general in this issue? >> so i would expect further guidance to come out on that today. the president as i said yesterday as a firm believer in state rights. when you look at the guidance issued under the obama administration, first of all, let's remember to the best of my knowledge, that was stalled and never fully implemented and there was various reasons for that. several legal reasons and procedure reasons. the department of education and the department of justice both who jointly issued that guidance back in the obama administration are now working together again you should a trump administration. they've been reviewing the guidance that was signed and the basis which was put through and several areas of concern both

legal and procedural that they have been discussing and, i think, where you might be hearing something is more on the timing and the wording of stuff, the conclusions everybody in the administration is agreed upon. there's no daylight between anybody between the president, between any of the secretaries, i think there's been some discussion between the timing of the issuance and recommendations or between exact wording. as far as conclusions go, i have made this clear and the president has made it clear throughout campaign that he's a firm believer of states' rights. [inaudible] >> the white house micro managing staffing, to what degree does the white house think it should impose its hiring approvals and is this partly appointed by secretaries

by wanting to appoint people that might not necessarily be aligned with the president's thinking? >> well, i think when you come to -- they're called political appointees for the reason. the idea that come into this government should want to support in and enact the president's agenda that he campaigned on with the american people. one of the reason that is you see in recent polls, even if they don't agree with the president, they give him high marks for following through on the promises that he's made to the american people and getting things done that he actually said which is not always the case here in washington, and i think that we want to make sure that the people who staff a trump administration are committed to a trump agenda and that's -- you know, cabinet secretaries and other administrators and directors have broad discretion. at the end of the day, no matter what position you have, whether it's the lowest or the highest in the white house or in a department or agency, we should be making sure that people that are coming in as appointees by

the president support the agenda. this is not about getting a job as a federal employee where you're subject to certain, you know, restrictions as to what you can and can't do as a benefit to being a federal employee. these are political appointees and so, i think, that there's obviously going -- we are going to ensure the people who are political appointees share the vision and agenda that the president campaigned on and is implementing. >> does the white house believe that it needs to have the final approval -- >> i don't think -- >> can you trust your cabinet secretary? >> it's not a question of trust, it's making sure that we are all on the same page and committed to the same agenda that the president set forth. this process is probably no different than we've seen in previous administrations. cabinet secretaries come to the president with recommendations on who they want and it deposition on the position obviously. in certain case ifs they are going to fulfill the job that's

a key area that the president had specific goals to enact that he promised the american people, you want to make sure that the person that's fulfilling the job actually is committed to the agenda and the visions that the president set forth and promised to the american people. so that's something that we are always going to be making sure is in alignment. >> is this approval process somewhat slowing down appointing crucial staffers? >> i don't think so. if you look and track the folks in the pipeline, we are doing very well. once in a while you might hear one or two people. overall generally speaking, i mentioned in the transition period, those member who is were appointed to the process had 120 days and they were there to allow basically a four-month's process for secretaries in the white house to make sure that people on a permanent basis could populate those positions and that's what's happening. make no mistake, we were ahead

on the curve. this has been a very methodical process that has seen from top to bottom and we have done a tremendous job in staffing the government. margaret. [inaudible] [laughter] >> i have a question for you. [laughter] >> the president just said to us that -- among other things that the tax plan is nearly finalized and can't be submitted himself, so what i want to clarify is is the white house doing a proposal or was he talking about congress and not the white house? >> of course, right, so obviously reconciliation vehicles that i'm going to give you an answer. the fy17 reconciliation that was

never completed because the budget wasn't finaled,ic we want to make sure -- look at the opportunities to work with congress and obamacare and then you could utilized the budget process to do tax reform. that's not prescriptive. as far as why the president is saying it that way, we've got that option available to us and i think the president is commit today making sure that the promise he made to repealing obamacare is first and foremost. it's not we can walk and chew gum kind of thing. [inaudible] >> there's a few things that are going to happen. there's a budget plan that you guys are going to present on march 13thish. >> ish. >> the health care -- something

from him and something from them, is that the way it works? >> look, when we are ready to announce stuff -- you have obamacare and the budget and tax reform, it's going to be a very busy march and april for us and we continue to work in congress to make sure that that's implemented. >> yeah. the president -- you were talking about fulfilling its promises. a total of complete shutdown of muslims entering the country. there were a lot of people in his party who thought that was a very good proposal. can you explain evolution and backing down from that and can you say he regrets using rhetoric since it ended up hurting the court case? >> going back to the merits of the case and the order that gives the authority to make that , u.s. code 1182 was very clear. these were countries that we

didn't have the proper vetting for ensuring the safety of americans. that's what the executive order said. authority is very clear in having don't them and you're going to continue to see the president take steps necessary to protect the country. that's why he talked about fighting this on both fronts making sure they keep evolving into the court system and looking towards the next draft of the executive order that will continue to achieve the goal of protecting the american people. that's where we are. that's what the order says and then so, i think, we continue to feel confident that -- but it was crafted in a way, it was very clear about the countries and was not focused on anything else but the vetting requirement s that we have on making sure who is coming to the country and not here to do us any harm. >> can you explain why he backed down from that one? >> he made it very clear from the beginning that this was a country focused issue, a safety

focused issue and that's why he issued. i don't see anything other than that with reference to that. debra saunders. >> of courses are sunday night, will the president be watching, if there's a meryl streep kind of moment, how do you think he will react and why is this -- [inaudible] >> why do you think this happens [inaudible conversations] >> what happens? >> actresses like meryl streep. >> i have to be honest with you, the president will be hosting the governor's ball that night. mrs. trump looks forward on putting a phenomenal event and welcoming our nation's governors to the capital and i have a feeling that's where the president and the first lady are going to be focused on on sunday night and so we will go from

there. >> does he have a set of goals in mind for the speech, specific policy roll-outs as part of that speech? >> i think that the speech is going to focus -- i mentioned this yesterday. i think it's going to talk, remind the american people who he has done already and make sure that he explains to them not just because of a sense of accomplishment that in moving the country forward but because i think it's important to the american people to know that he was an agent of change, he came here to get things done and he didn't waste any time. he's committed to keeping his word and then, i think, he's going to lay out his vision and talk about things like education, health care and infrastructure. the problems that we face as a country, the violence in some of our inner cities but also solution that is we can act upon and partnerships to create it's still a working progress.

it's going to look forward to where he wants to take the country and talk about working with congress and other leaders in the country to get things done. but i think in the drafts that i have seen so far, it is going to be a very strong blueprint of where he wants to take this country. in the past, i think a lot of presidents or some presidents rather have gotten detailed specifics. you will see him talk about policies in the broad sense of where he wants to take the country and what defining success is, what the goal means. but it's still working progress and hopefully towards the end of the week -- [inaudible] >> yeah, i think he is -- this is an opportunity for him to lay out a very positive vision for the nation and to really let america know where we can go and how we can get there and the potential that we have the nation in need of. >> will he -- i know the past president including president obama immediately hit the road after, you after state of the un

to sell policies. does he anticipate -- >> i think they'll be some travel. that's evolving right now. there's a lot of things that we are trying to look at and i think as we look at the speed and some of the objectives and goals and vision that she's sharing talk to him about potential place to go to highlight that but, i think, you're going to see a fair amount of visits in the next few weeks to highlight some of the places that he wants to take it. >> the other thing was i have seen members of congress last week, there's a legislative meeting today. it feels that we haven't seen as many executive actions -- executive orders, i know we have the one vetting coming out this week. are we in a different phase now that he's done the executive orders and -- >> no. we have several that are in the pipeline and part of it is just

-- the days are focused with the meetings and getting things done and trying to plan ahead. as we see fit and as the implementation process of a lot of these go through processes, we will have more -- >> there's more legislative emphasis? >> it's both. part of it is we work through congress. we are talking about fundamental tax reform, something that hasn't happened in the nation in 1986, repeal and replace of obama and, i think, part of this is that these things take time. he has joint address on tuesday, there's a lot of things that are happening and therefore we need to kind of make sure that we appropriately use the schedule. but i can assure you that if you've missed executive orders, you're going to see a bunch. i just want to make sure you know. jonathan carl. >> i want to ask you about town

halls. the president refer today so-called angry calls. is he suggesting this is manufactured anger and this is not real anger and -- >> i think there's a hybrid there. i think some people are upset but obviously there are people that are upset but i also think that when you look at some of these districts and some of these things it is not a representation of a member's district or an incident. it is a lad small group of people disrupting something in many cases for media attention. no offense. it's just, i think, that necessarily just because they are loud doesn't necessarily mean that there are many. i think in a lot of cases that's what you're seeing. >> that there's real anger -- >> i just said that. >> beyond just a few loud agitators and concern that people may lose -- >> i think that's a false narrative. the president has been very clear. look, you have to look at what

our healthcare system is right now. in so many counties around the nation we've gotten down to one provider. that's not choice. that's not access. and then they are going in a lot of cases saying, we are not taking medicare, we are not taking the insurance you used to have, the doctor that you used to have isn't participating anymore. by the way, states like arizona you have over 100% increase in 112, i think, was there. many are double digit. the idea that we have to remember is that the american people got sold the affordable care act, it's neither affordable or accessible. they are losing their coverage and premiums are sparking. people are truly worried about losing coverage. they should be applauding the president's action for wanting to make sure they put a system in place that does what they were promised a while back. ic that's what, i think, is missing from the dialogue. i have seen some folks that were protesting some of these things

saying, i lost on obamacare, i'm going to lose and when you ask how would they were, 71, 72. >> you think they are making it up? >> no, they're not making it up but there's a lot of blurring of the facts. the reality is that a lot of people aren't on obamacare, they are medicaid, they are receiving benefits through medicare because of their age and they have no problems. but i think in other cases people are not being told that the plan that they are on is unsustainable, that the carriers throughout the country, you just look at them over and over again pulling out of the exchanges, the reality is that they are losing their health care but they are losing it under obamacare because the exchanges are collapsing, carriers are pulling out and premiums are going out and access is going down. so the president's plan is actually going to do exactly what they were promised eight years ago and didn't get. so for those who are worried, the answer is help is on the way. >> what is the plan?

>> so first, as the president made clear, we will have that out in the next couple of weeks. he's working on it but the goal, jonathan, this got jammed through a democratic congress and you were told you can read it after it got passed, getting it right to achieve goals set forward it's the right thing to do considering the experience we had the last time. >> the issue of transgender bathrooms wasn't one that we heard from the president in the campaign. caitlin jenner could use whichever bathroom in the trump tower. >> it's not a priority. hold on. it's not a priority. there's a case pending in the supreme court in which we have to decide whether or not to continue the issue guidance to the court. it's not -- it's dictated by that. the obama administration had issued joint guidance from the department of education and we don't have to discuss whether or not this administration wants to continue the path that they were

on. it's plain and simple but there are problems in the legal and process way in which guidance was issued and so it's incumbent upon us to follow the law and to recognize the title 9 never talked about this, enacted in 1972. there was no discussion back then and to assume certain elements of the law were thought of back then with respect to this would be preposterous. >> the secretary of state's trip with secretary kelly. obviously there's been tensions between méxico and president trump, is this a clean-up job for the secretary? >> no, i think president peña nieto and president trump spoke again, foreign ministers had several contacts with our staff. i would argue that we have a very healthy and robust relationship with the mexican government and mexican officials, they would echo the same sentiment, president peña

nieto has echoed that as well but i think the relationship with méxico is phenomenal right now and i think it's unbelievable and robust dialogue between the two nations. >> margaret and then i will get you. [inaudible] >> has the president discussed this with the national security team? >> i'm going to refer you back to doe on that. thank you. and that is an area at the top of the president's foreign policy agenda about trying to make sure that we deal with that issue and that area right now, but i'm not going to get ahead of the doe on this. >> has the president talked --

>> if i have an update, i will give it to you tomorrow. >> president trump and canadian prime minister wants the u.s. and canada council for advancement of women entrepreneurs, can you till us how the council is growing? >> it occurred six or seven days ago, it's starting to work through the process and we will have further updates as it goes further but i know that he continues to be in touch with prime minister trudeau and our staff continues to work on the back end to make that happen. >> two questions for you, one earlier about does the white house not have confidence in its cabinet -- [inaudible] >> trust his cabinet secretary -- >> , no not at all. i think there's a big difference, the president named these folks because they are

unbelievably qualified individuals, part of it, though, that you're staffing major departments, i think that's somewhere in the area of 5,000 positions to fill. when you're filtering through a good number of people, i don't think the secretaries at some degree depending on the department and have a full background on the individuals, as they get pumped through the pipeline there are questions and, again, there are areas that are of key priority to the president that he campaigned on and i think that he wants to make sure that certain of those individual who is are going to be overseeing key priority that is he promised the mesh people have somebody who is not only qualified but agrees and shares the president's vision to fix whatever problem that was or fulfill whatever the vision that he articulated. i think that -- it would be malpractice not to do that, to allow people to fill a political appointee job who don't share vision and agenda of the president of the united states

would almost -- it would be silly on its face to suggest this. i don't think there's any administration in past history that would literally, willingly take on somebody who was adamantly opposed or spoke out specifically against what the president was seeking to do and then have them fulfill a job to carry out that, it just doesn't seem as though it makes my sense. -- any sense. yeah. [inaudible] >> what's the status of that review? is that regarding that review? >> have provided him updates on that. i know that the new national security adviser is getting brought into the process and continuing to do updates, we will have further updates but the team has been working on it. >> as far as the second executive order is concerned, what is the white house doing

differently in terms of consulting with various departments to make certain that the second executive order passes constitutional scrutiny? >> well, i think we have done a few thicks, one -- things, one we have been clear on what the court said and tailor that and ensuring people that don't come into the country doing us harm. and that order is basically completed. i think what we are now doing is working with the various agencies and departments to make sure that the implementation of that is done in a extremely smooth way, so we look at it from a process standpoint as well as a legal standpoint and, i think, it's achieving the goals. again, i would also mention that on the merits we can -- i believe that the first order did just that, it was written in a way and i think ultimately will continue to prevail on that

because it is written in a way that is clear and consistent with u.s. code and the authority that the president has to protect the nation. katie. [inaudible] >> it's almost likely to face a legal challenge. >> sure. >> are you concerned that the president's prior remarks as it relates to the judiciary is going to allow him to get a fair hearing by the judicial branch as it relates to the - >> yeah, absolutely. i think that -- because i think that you have seen it happen in the massachusetts case. at the end of the day, you look at the law and what the order does and, i think, you may have in the case of the ninth circuit, we continue to disagree with that. i think the president pointed out, you don't have to be that high up in grade school to recognize what the code says, what the authority that's granted to him and what the order does. i think the things that they brought out in that order, i mean, one of the cases they

suggested there have been no people that have entered within the seven countries and a look found upwards of 20 people that had come in. so some of the basis for which they decided the case on doesn't actually pass muster. any other judge or judge that is look at that order or the one that we put forward will come to the same conclusion, katie. >> i want to ask about the budget priorities. what is the president spending on and where is he decreasing spending? >> so i'm going to refer to martin's question. we will have something in mid-march, i'm not going to get ahead director mulvaney. he just had a meeting. they are providing him back and forth. until we put it out on paper, i don't want to get ahead. >> sean, thank you very much. back to méxico. many officials have said this

morning that they are not going to -- [inaudible] >> they may not take anyone that's a mexican immigrant. what are you going to do with those folks -- >> secretary tillerson and kelly are going to have a great discussion down there and walk-through the implementation of the executive order, but i feel confident that any country who has a citizen that comes in to this country and we send back, we will make sure that they comply with this. david. >> two questions of immigration. one the president has talked a number of times about millions of illegal immigrants casting votes during the election in his mind. there was no mention of that in any to look for immigrants, does the president still believe -- >> he's mentioned. vice president pence will lead a task force on this. >> where do we stand on that? >> the vice president is gathering names to be part of it. >> the other question i had about daca program. yesterday you suggested, well, we have to go out of criminals,

major national security threats first, but during the campaign the president talked about daca being as unconstitutional executive amnesty, does he still think it was unconstitutional use of obama's powers? >> the president is very clear about his priorities with respect to immigration. yesterday was focused on going after people who are a public safety concern and we are going to walk-through this. we will get back to you on that. right now the focus is on keeping the country safe and making sure that we walk-through

legal immigration obviously is a completely separate subject. that includes visa reform and all that other stuff. the president talked about that and talked about with business leaders, h h1b visas and there is prioritization how we deal with immigration, both illegal and legal. i have got to run. thank you guys very much. take care. neil: all right. sean spicer, saying president is just about ready to submit and get details on a budget here. that could be very forthcoming but in the middle of this what we're focused on all of these terrestrial worries and concerns news just breaking out of nasa that it has found seven planets that closely resemble earth or the size of earth with the presence of water, potentially

habitable to life in faraway solar system at least 40 light years from earth, powered by ultracooled red dwarf star and part of this same discussion. they are thinking about allowing pluto to be a planet again. pluto was very offended an advocates and supporters of pluto, it was summarily kicked out of the solar system, no longer recognized as a plan. nasa reassessing pluto's potential role in our solar system, most far-flung, least respected planet. we're getting indications of seven earth sized planets going around a separate star, not our sun, that could have life because they do seem to have the presence of liquid water. i don't know whether the kind of water it would be.

i guess it would be water or gas. that is a very, very big development. we have no indications whether any ty of figh goingn these planets about transgender bathrooms and who will pay for them. we want to put all of these concerns in some perspective. if any of these planets are close to life, make concerns we're arguing about seem kind of silly, right? this is something coming in to us from nasa. we'll explore more on this mean time, these developments out of this earth-bound news conference with fox business's gerri willis, tea party patriot ceo jenny beth martin, out of this world market watcher, scott martin. scott, i wanted to end with you and i will begin with you, not so much new findings on nasa, whether what sean spicer was outlining will change this criticism of the administration has been getting that it doesn't have a plan in place on the

budget or for that mat ear clear agenda what it is going to accept or reject on tax cuts? >> this has been really interesting rhetoric, neil. just looking a the last eight years, even the last 12 years, budgets have had impasses. they have had tax cuts that have not been paid for. look what happened to the debt and deficit. so to proclaim the notion of saying hey, we need to have these tax cuts paid for is about as good of an idea saying having michael vick run the aspca. you don't need that. you have growth an business spending consumer confidence that will come by way the tax cuts that will pay for it. not this pay go stuff we saw obama pass years ago that didn't work. you will have economic growth will pay for the tax cuts. neil: you hope, you hope, right? jenny beth martin that is a good question for you, the whole tea party movement, if you think about it, who am i to remind you, watch the excessive spending and deficits spiraling out of control and argument for tax cut is that they could do

the same thing, that near-term if they're not paid for, not always necessarily in the camp you equate them to spending but that near term, when you do without that tax revenue that comes from drastically lower tax rates, you have to a wait a few years for the bang for the buck to come in. are you as a budget hawk and someone who really likes to avoid red ink okay with that? >> we have always, i agree with scott, in what he just said. if you cut taxes the economy is going to grow so the money will come back in. you're right there will be a bit of a waiting period with it. what we want to see at tea party patriots not just tax cuts so the economy grows but coupled with spending cuts because we have $20 trillion in debt right now. the government just keeping growing and growing and it is time to rein that in. i was encouraged to hear president trump reiterate that he is going to address the government spending as well. a little while ago. neil: promise one ing.

if anything like my dietary commitment i don't know, gerri, and i, i'm wondering whether the markets care? so just put your market hat on and regardless of your personal views, let's say we get tax cuts but they aren't paid for up front. this import tax was going a long way to do just that, fizzles out. they can't come up with the support money they need to offset revenue from a tax cut up front. how are the markets going to respond? >> i think initially it might be a big thumb's up from the markets, right? but eventually you have to deal what is wrong with a little fiscal discipline, right? at the end of the day we know about the trump tax plan which is not that different from the republican tax plan, minus border tax, even with dynamic scoring you will get 2 to $3 trillion worth of revenue less. we'll have less money to spend. neil: over 10 years. over 10 years.

>> over 10 years, sir, correct. we'll spend a trillion dollars on infrastructure the we'll give back the obama care tax increases. we're going to hire 5,000, 10,000 new i.c.e. agent. you know spending, spending as far as the eye can see and no fiscal discipline. to me this just doesn't make a lot of sense. neil: scott, worry seems to be as well, that, if the deficits get worse, the debt gets worse you will need a lot more than 3 or 4% growth to get rid of that. what is the number used in the back of your mind to justify what we could be about to see? the. >> you know he, neil, it is probably five or 6%. i know that sounds crazy. steve moore would probably agree that is possible. we saw, we've seen those numbers before in this economy when unlocked. i kind of disagree with gerri. trump has come out with a spending hawk. attacked cost of things in government contracts. don't forget some of the numbers we've seen out of treasury,

record tax revenues, my friend. so maybe these tax cuts aren't exactly paid for via other rollbacks and things like that but there is money in the treasury coffers that we can spend, we can afford to maybe take down in respect of getting check growth going. >> scott, already the expectations for the budget deficit grows by $9.4 trillion over 10 years. it is already going to be increasing. we're going to add these other burdens to it. all power to the trump administration making priority number one growing the economy, but you got to have a little discipline somewhere. you're looking at number right there, how much debt and how much federal debt do we have? 19.9 trillion? you know how much for each and every taxpayer in the country? 116 -- $166,000. it is taxpayer. $166,000. too much. neil: chum change. literally something out of this world because nasa apparently

found seven earth-sized planets around a space community they're calling an ultracool red dwarf, referring to the star, much like our sun, around which all of these planets circle. these so-called exo-plan its which refers to planets not spinning around our sun but another star, there might be as many as 3440 of them. i so wish someone like carl saying again were alive to get this news and hear this news and confirm, maybe, his most hoped-for dreams. among those billions and billions of galaxies, and planets and stars there is life. so on a day we're throwing arrows at each other, in this planet, signs that there might be at least seven others doing exactly the same thing.

[laughter]

neil: don't think it is going anywhere, do you? i'm hearing increasingly the votes are just not there for it. then they have to pay for the tax cuts, presumably. yo what they cut. maybe they're discussing that now but they're running out of options? >> my guess is you're right. i don't know where the tax is going. that is what certainly feels like my sources have been saying. we'll see at corporate rate won't follow as much as people home. neil: allergan ceo brent saunders don't see a border tax going anywhere. allergan was going to be bought by pfizer. president obama wanted nothing to do with it. in the course of that discussion, mr. saunders was discussing, that hearing about seven is new planets nasa founded he will reincorporate on one of those seven planets.

gotcha. thinking about it though. can't tell you number of ceos would seriously entertain that. i don't think robert wolf would unless they had a good golf course. they might. former head of ubs america, fox news contributor, robert wolf with us. always great to see, my friend. >> good to see you. neil: you're hearing the collective read and allergan ceo saying we might get the tax cut but we'll certainly not get the import tax. >> you and have been speaking last seven or eight years. there will be no broad based tax reform. there will be a corporate tax cut but broad based, this border tax is not happening. neil: what is weird at the surface, using a tax hike to pay for tax cut. >> especially being passed to consumers. as far as our gdp, we're still at 70 plus percent consumer driven. who do you think is buying things we're importing? neil: yeah. >> i would say, neil, one that

is not going to be passed but also the idea this border adjustment tax could increase the dollar and that could have a negative benefit on the exporter. neil: for very big multinationals you i am peeled think it would benefit will zoom them. >> it could. neil: tax cuts appreciably for everybody. steve mnuchin, some people doubting maybe for upper income it would be a wash because limit their deductions. i don't know how that works. >> you will struggle with personal tax income, but we will get business tax reform. neil: how will that affect wall street? >> it will be positive. anytime you get corporate tax reform down, that means more money to invest in r&d. neil: would it make the markets more affordable on paper? a lot of people say they're rich by historical standards? >> seems to me we're a little frothy. the trump administration is going through a honeymoon period. they have done nothing policy -- neil: this is honeymoon? >> honeymoon nothing policy and

up 10% on nothing policy-driven. they will have to go through congress on infrastructure, military spending, tax reform. getting their border security. all those things have to go through legislation. we've not yet put anything through legislation. we all know getting things through this congress -- neil: even with your own party. >> even with your own party. you will have deficit hawks saying wait a second. we're keeping social net as is, okay? we'll do military spending, infrastructure spending, border security, and all these other spending and then we're only going to bet on growth that -- neil: th rally we'veeen since the election, you're a good friend of barack obama's. golfed with him many times. is it continuation of an obama rally or is it a trump rally? >> listen, i would say it is on the right trajectory. we are up 400% since he is office. neil: president obama. >> president obama. with president trump there is view of deregulation coming fast and furious. the business sectors likes that. and now we'll have to see

whether that can get passed or not. neil: all right. what is president obama doing these days? is he back from vacation? >> he is back from vacation. very short uni may add. neil: a month? >> no. he has been back for a while, but he is working on -- neil: he must have just got back. >> he is working on his foundation? neil: the foundation or a book. >> maybe a book as well but i know the foundation. neil: the wrap against him early on he was encouraging protesters, what kind of role do you think he will play. >> i don't think that is accurate. i know there is a lot of spin to that but i think he is going to make sure the office of the presidency -- office of the presidency and only one president at a time. that doesn't mean on certain issues he will not speak out like on the dreamer act. neil: right. >> that is certainly something i think he will speak out on. neil: but don't expect him to be like president bush was for him? >> like he said, you have to

pass the torch. there is new presidency. presidents are still leaders in the country. neil: you golfed with both, who is better golfer? >> trump has better handicap and they're both much better than me. neil: fair around balanced. robert wolf, former ubs chairman. respected by both sides. that should make you suspicious of him. those who suggest he should take up occupancy of the little seven planet they just discovered, that is a little tacky, folks. i want you to behave. we'll have more after this. ♪ great panther silver produced approximately 4 million ounces

of silver last year at their 2 mexican mines. their recent mine acquisition in peru, once fully operational, stands to increase their production up to 75 percent. great panther silver

neil: many of my younger staffers are saying neil, calm down.

seven new planets that are earth-like, hello? why are you young? why are you here? my point is this, nasa says these planets, ex-sew planets, they circle a different star, not son. 40 years away is how that is sweet spot or goldilocks zone i have no idea, but these seven planets have water in some way, shape or form. the images we're getting of the planets are from 40 years ago, if they're 40 light years away. i'm thinking to myself, i do this for you, this is free basic cable, jimmy carter was president 40 years ago, just starting out 40 years ago. we were couple of months away from a movie called "star wars" starting. so that is where that ridiculous nonsense started 40 years ago. and i find that rather telling. and i have no idea but i do find it rather telling.

so we're getting all sorts of ideas who a lot of you would like to send to any one of these planets and some of you are quite tacking including me. i find that very offensive. you sound young, like you're a millenial and sound like you have a very bad attitude. in the meantime there is a link here because there is a new way to screen aliens. not aliens from outer space. talking about aliens who shouldn't be coming here if they wish us ill, which could be from outer space, washington examine are chief congressional correspondent susan per -- fereccio. the early indications are that this is going to be appeal-proof, susan. do you believe that? >> no. i think that there will be efforts to, you know, shop this around and to get the right court to stop it again. there certainly will be effort to do that anyway.

neil: why show, susan? it is just a given lawyers smell blood in the water they keep going back to the water? >> partly but because it is a great political issue. there is long opposition to this kind of extreme vetting but there is also i should note a lot of bipartisasupport for it as well. a lot of people are forgetting that back at the end of 2015 republicans and democrats in congress passed an extreme vetting bill. it never made it into law because president obama was opposed to it but it would have essentially shut down the refugee program from these countries because it would have required a level of vetting that is currently not possible. and again at the time there was a great debate over what kind of vetting these refugees were actually getting. we did hear at the t fib any director and department of homeland security, from some of these places like syria, for instance, the data is simply not

there to see who we are bringing into the country. a lot of that -- neil: as soon as you mentioned syria, susan. apparently there won't be any special targeting of syrian refugees. >> right. neil: i don't know whether lawyers or judges are having problems with that but isn't that the whole issue? we know a disproportionate number of bad guys have been coming at least through syria? so if we have dispensed were that as a means by which, one of the means by which we screen people, then why are we bothering? >> right. we have to see the language of this, how they're going to try to thread the needle here to get this out in a way that will not end up stuck in the courts. you about the bottom line, neil, there isn't a lot of information about individuals from these countries who are getting in here. there also has been evidence a lot of arrests made and people gotten in trouble with terrorism in the country, i think there were dozens of people from these very seven countries initially listed by president trump. that is of course been forgotten

and not really under discussion here. that there is a good reason want to look at these people more csely when they come into the country. that was trump's intention. the problem, how does he get there and roll it out in a more, smoother fashion, in a way that is not going to make it a target of these groups that want to get in his way and stop it? that is really what they have to focus on. and how much time is it going to consume for the trump administration? look, what he is doing, what we heard sean spicer talk about in the press briefing is to carry out the promises he made on the campaign trail. one of the first things they said when trump would do when he took office uphold his campaign promises. this is a big promise on the campaign trail. does he have to double down on it? i say yes he does because this is one of the big commitment he made voters. that's right. neil: susan, thank you, very, very much. we're getting more clarification on the seven plan nets

discovered by nasa. one has apparently a donald trump like leader. he is been reached and refers to the other six as losers. we'll have more like this. . . .

♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide.

it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering theinformatd

to help you keep rolling with confidence. go long™. ♪ neil: you know, i mentioned something big and all of a sudden everybody in my staff, he say it is goldy locks things refers to planet that is are not too hot and not too cold. the 40-year thing, the inagreed iepts of life has nothing to do with that. he's saying that the water, liquid water, that's a perfect environment where it's not frozen or not boiling, right? these are the first images we are getting of the planets. this is not a real image, i take it. this is a rendering as they were. there you go.

that too was slight exaggeration. that's not one donald trump president, all seven have donald trump leaders. no, i'm not kidding. that's big news. trish regan i'm hearing with people on the set, what's the big deal? hello. trish: there could be life out there in another solar system. it's very exciting and ignites the imagination, niel. neil: how would you feel like key staff members, he suddenly becomes like an astronaut expert and starts second-guessing everything i'm saying, wond you be offended? trish: highly. those pictures are out of this world. neil: you bet. trish: sean spicer wrapping up a contentious