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tv   After the Bell  FOX Business  February 24, 2017 4:00pm-5:01pm EST

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it is up three. oh, got dollar bills falling. you are witnessing a very important comeback. [closing bell rings] shows resilience on the behalf of the bulls and bears suddenly retreated after having been in full grip of this market earlier today. there is the closing bell. david, melissa. that was a squeaker and another record. melissa: amazing. the dow staging an unbelievable comeback in the final minutes of trading. it pulled it just, just eked out another record close. that's 11. the s&p and the nasdaq tur positive as well. wow. i'm melissa francis. david: i'm david asman. things could still settle a little bit but it appears solidly at least for the s&p and the nasdaq and i think it is fair to say the dow jones made another record today. melissa: i think it made it. david: 11 in a row. i was looking at "marketwatch" while it was talking. it still didn't have the positive signs in the dow jones but as you can see, we're clearly in the green now.
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this is amazing. more on this rally which we thought would be stalled but clearly was not prepared to be nailed down. but here's what else we have for you coming up in this hour. president trump electrifying conservatives today with a wide-ranging speech, vowing to keep his campaign promises keeping america safe. what he didn't mention has stocks doing well. the president signing new executive orders to roll back government regulations and eliminate red tape. he says 75% of regulations could just be scrapped, gotten rid of. how he plans to do it. he has a blueprint. members of the media crying foul after press secretary sean spicer doesn't invite them for today's q&a session. who was in? who was out. what was going on. more on that to come. melissa: all right, 11 record closes. adam shapiro at the new york stock exchange. adam, what can you tell us about the trade? >> it was a big buy order, that's what they're talking
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about coming in at 3:30. look at numbers once again. 11 in a row. one more we tie the record. we'll see what happens on monday. got s&p 500 also hitting a new record, 2367. still settling, but that is definite record because we're above 2365. winners and losers, walmart up 4.4%. unitedhealth up. jpmorgan, not a winner, 1.3% to the downside. goldman sachs off almost 4% this week. retailers, although we got jcpenney earnings and the announcement they would close up to 140 stores, represents about 5% of sales, that stock closing down 5.5%. look at some others, macy's, this is one of the surprises, macy's had issues, up 2.4%. we're keeping eye what is happening with the retailers. nobody hit it out of the ballpark the way nordstrom did yesterday. beating top and bottom line.
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melissa: thank you very much. not inviting news organizations in the room. some left in off-camera question, answer session with sean spicer earlier today. fox business's blake burman is at the white house with a details. blake, a lost feathers ruffled here. tell us the real story. reporter: what has some people upset, the white house press office in earlier today, off-camera briefing with the white house press secretary sean spicer told some organizations you're in. come on back. sit down with me we'll talk. other organition many of them cover the white house here, were left out. among those that were not invited into this briefing? just to name a few, "the new york times," cnn, fox business, cnbc "time" and the associated press, just to name two of them. ended up boycotting this all together, melissa, because some organizations were allowed and some were not allowed in.
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many of the networks were allowed in know. this whole concept, you can go in, you can't come in, has a lot of folks upset. name a couple of them. "new york times" put out a statement, the editor highly object what happened here. white house correspondents association and "wall street journal" just said moments ago, had they known this would have been the setup, they would have not gone in. i spoke to a white house official about this, their side of argument is this they say look, this so-called gaggle at the pool in it, designated member from television, radio, print. they go in, disperse their notes. everybody can know what happened. the white house says they're going to do more of these gaggles. they say gaggles are not uncommon. what is a bit uncommon having it here at the white house when everybody thought there was going to be some sort of a briefing today. and white house saying you yes, you no. melissa. liz: it is compelling that the pool was there though. that is what the pool is supposed to it be for to share. i don't know.
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this will be one everybody will be talking about. maybe another one of those trump distractions get you looking at one thing when something else is going on. blake,he president targeng regulations again today, right? >> there was executive order signed in the noonour by the president. this is really a governmentwide, agencywide regulatory reform. as you might remember when the president came into office during the first month he specifically went after regulations within the affordable care act, couple weeks ago, dodd-frank this is directtive for all agencies to identified what regulations might be burdensome and costly and need to be modified and taken out. listen to the president explaining his thought process on this one earlier today. >> every regulation should have to pass a simple test. does it make life better or safer for american workers or consumers? if the answer is no, we will be getting rid of it and getting
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rid of it quickly. reporter: in regulations and they are clearly trying to cut into that. melissa? melissa: blake, thank you. david: joining us is forbes media chairman steve forbes, "barron's" senior editor jack hough, former investment banker and entrepreneur, carol roth. steve, we had this extraordinary comeback today. i wonder if it had any relation what the president was talking about with regard to regulations? he is showing once again he is doing something. he is not just talking about stuff, doing things, setting up these panels? you said many times regulations is a very serious form of a tax. that tax would be taken away. is that why the market turned around today? >> i think that obviously is a key part of it, david, because everybody president says they're against unnecessary regulations. few follow through after the initial conference and flury. the fact the president keeps hammering on it. he announced in that order, each department would have regulatory officer whose prime responsibility to track these things. there will be accountability.
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instead of saying to the agency do it and no one is accountable for getting it done. they have a point of responsibility. that is a good step in the right direction. david: jack, according to adam shapiro, our man studying what happened to stocks, there was huge buy order came in. as soon as stocks begin to show any negativity, maybe only 11 points on the dow to the negative side, somebody says here's my opportunity. i will not get another one to get in. >> if you look at stocks, suppose you're arguing stocks look a little bit expensive, 19 times earnings, all you need is sweeping corporate tax cut to bring the price down to 16imes earnings. maybe they're not expensive. i'm getting a little antsy. i feel he is delivering sales pitch for what he want to do. i'm ready for more specifics, i think the market will too soon. david: carol, i like the point jack made, based on taxes and cuts that may be coming the
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market may be fairly priced because everybody worrying on wall street it is too highly valued right now? >> it is interesting, david, i always say investors like to buy the possibilities more than the realities. i think the fact there aren't specifics around there are a lot of possibilities still out there, actually benefit the market. there is a lot of pontificating and hope that we'll get the right types of tax cuts. i think that keeps things moving up. i worry that when the specifics come in, and maybe there is some disappointment there, things don't shake out the way people had hoped, that that actually may be a point of pullback. melissa: step into my office. president trump creating a environment in the white house seldom seen in years past. >> with the white house doors used to be totally closed, they were closed, folks, you don't realize that, they were closed. they're now wide open, and they're open for people doing
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business for our country and putting people to work. [applause] liz: jack, were they closed? >> the king of the weird met for. what does it mean? the stock market marching to all-time highs under obama. still marching to all-time highs early under trump. i don't think the doors were closed, no. liz: steve, what do you think? >> the doors certainly and metaphorically were closed to business people, entrepreneurs, people that created great things. it was a very hostile atmosphere, including regulation. the fact the president is using executive orders to cut back on regulations one reason why small cap stocks have done so well. they were hit hard unobama. when trump comes along those stocks move up. by golly he is delivering on regulations. that is huge. small business can't afford those things. liz: carol i was talking to entrepreneurs in texas yesterday, saying they feel completely different about the possibility in light of who is in government. they felt stifled over the past eight years with regulation and
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health care. now they feel like taking risk again. >> i'm so glad that you brought that up, melissa, because you know there is often a disconnect between what is happening on wall street with the stock market and what is happening on main street with entrepreneurs. melissa: yeah. >> what president trump is doing, everything from the executive orders to reduce regulation, to pro-growth initiatives to having conversations with the business community is creating a lot of optimism with entrepreneurs and small businesses. we have 28 million small businesses in this country. so it is a tremendous opportunity to boost growth. melissa: steve, we have to have tax reform, right, tax reform has got to happen? >> good tax reform. no crazy 20% national sales tax tax cuts, yes. huge tax cuts. melissa: go ahead, david. david: speaking of the devil, treasury secretary steve mnuchin taking necessary steps to get the economy moving again.
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it might just take some time. listen. >> we're very focused on economic growth. as i talked about before we're committed to getting to 3% sustained economic growth and we think we can do that. put in either scenario i think you will not see the growth until next year. david: steve, is he thinking too small here? >> it is so small. he has to think big. why not 3% or 5% after all years of 1.8, 1.6% growth. get it back to the historic 200 plus year average in this country. say if we get the tax cut, mate it troh active jan 1, see it by christmas. this 3% is piddly stuff. david: steve, you were the flat tax guy. there were be hopes there would be flat tax. is there backtracking all over the place? we have backtracking on growth. we have backtracking on taxes. where does this go? are you concerned it may affect
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rates? >> it shows washington is inherently timed. stop mod dud iing waters. legislature is hundreds of people. you never get anything done. you need a firm kick from the white house. david: president was cutting corporate rate down to 20%, individual top rate at 33%, might there be a pullback there. >> no. i think if anything on the corporate side the president will lead with 15. let the republicans raise it to 20. don't negotiate with yourself. on personal rates whack those even more, put a limit on deductions go ahead but whack those. let democrats try to negotiate them up. but go big. that is negotiating 101. david: steve, thank you very much. jack, carol, thank you as well. don't forget you can catch steve forbes and i every saturday morning on "forbes on fox" at 11:00 a.m. eastern. on fox news.
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melissa: you can not miss it. you can not miss it. democrats meeting this weekend to pick their new party leader as furious liberals demand nothing short of a war against president trump. the more the party moves to the left, are republicans the ones who will benefit? we'll debate that ahead. david: republican lawmakers drawing raucous crowds all over the country, with speculation many of the protesters are paid to cause disruption. new jersey congressman leonard lance tells us about his wild experience. melissa: warm welcome from, for the president at cpac. has he consolidated the conservatives behind him, even the negative-trumpers. >> i've been at cpac all these years you have been together and now you finally have a president. finally. took awe long time. took you a long time. [cheers and applause] ♪ oach remains.
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david: great way to start the weekend. the dow surprised virtually everybody. ended higher for the 11th straight record close. the s&p 500 and nasdaq ending in the green as well. we'll take you back to the stock exchange really what people are calling a miraculous comeback later in the hour. ssa: it really was. president trump took to the stage at cpac and the crowd continually praised him throughout his speech. >> i wouldn't miss a chance to talk to my friends. these are my friends. [cheering] melissa: here now is erick erickson. he is the resurgent editor and a fox news contributor.
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erick, in a lot of ways you represent the person that was at cpac they were never trumpers. they didn't support him. and seems like you and they have come around. am i saying that right? >> yeah, i think by and large i think there are a lot of people who still have concerns. i talked a number of people in the crowd who loved speech. they still have concerns. melissa: like what? what was chief among them? >> concerns as he continues to push protectionism as he did in his speech, what that will do to the economy overall. but at the same time, if you step back and subtract donald trump the persona from what the trump administration is actually doing, there is not a whole lot to complain about as far as conservatives are concerned. melissa: so, yeah. one of the criticisms that he is doing a lot of things by sweeping executive order. the only thing with real staying power when you organize a coalition and get some real legislation done. what do you think about that? >> well that's true but most of his executive orders and what congress is doing right now they're rolling back the obama administration.
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i don't want an activist congress. the more congress does, more or liberties at stake. rolling back everything barack obama has done is a good thing. that is what both congress and the white house are doing. melissa: many soft articles covering it are really funny. one of the headlines i saw, cpac attendees give trump an a-plus, with reservations. i, i had to reread it a couple of times. i never had a teacher give me an a-plus with reservations. i don't know what that means. you don't have reservations. what do you think of the coverage? >> you know i think the press is having a hard time reconciling this because you're right, there were a lot of people in the crowd who were skeptical of trump through, who continue to have skeptical concerns about him. they're loing at neil rsuch. looking atis ctinued declarations rolling back obamacare and tax reform. i wish he would stay off twitter and do what he is doing policywise. i think a lot of people in the room feel that way.
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melissa: what do they think about the pacing? it seems he has so much energy. he keeps going, doing so many things. democrats will have to learn to complain faster. >> they are. in fact i think it is funny the press outrage in his speech, they spent more time complaining what he said about them than anything else in the speech. i have got to say, in the last month he suddenly seems a lot more comfortable in the role of president. he is more gregarious and humerus, even needling reporters he is doing it with a smile on his face. it is not a donald trump we saw the first week. it is relaxed donald trump that looks like he found his pace. whether the press wants to admit it, first stable week in the administration. without ultimate turmoil and heading into a good week with the press. melissa: the first without any major turmoil. that is a win. erick, good to see you. david: you never got a a-plus with reservations? i used to get them all the time, a-plus, but with reservations. >> right. david: the battle over tax
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reform, a lot of reservations here. president trump saying the republican border tax could boost much more than exports you but is it really good for future reform? that is coming next. this might be a new low for the mainstream media, the new video using kids to push a liberal agenda. >> tell all my friends are really scared. >> it is not fair for refugees. >> there -- separate me away from my family. ♪ this is the silverado special edition. this is one gorgeous truck. oh, did i say there's only one special edition? because, actually there's 5. aaaahh!! ooohh!! uh! holy mackerel. wow. nice. strength and style. which one's your favorite? come home with me! it's truck month! find your tag for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer.
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david: really haven't been many major tax reforms. special interests usually keep them from happening. now huge special interests are on both sides to fight over the border tax, which the president addressed yesterday. take a listen. >> i certainly support a form of a tax on the border because everybody else does, and we're
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the only country, we're one of the very few countries, possibly the only country that has no border tax. david: but could a border tax be a poison pill for any kind of major tax reform this year? david was on the inside of two major tax reforms during the reagan administration. the author of "the great equalizer." david, we love your history because you were in the midst of all the sausage-making going on in the '80s, that ended up pretty well for the economy and individual americans but i do worry about this border tax and i wonder if it could screw up major tax reform. what do you think? >> i'm a realist, and i think if you look what's happened, we have a president who won the rust belt, made a lot of promises. he is talking about 35% tariffs, and which would, which would create a trade war. ard bother adjustment tax, paul ryan's idea, i think has some intrigue because it is potentially wto compliant.
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i find when i see a senator go on the floor of the senate, with a lot of bombast, talk about the border adjustment tax, how terrible it is, they have no alternative to let the president go down the road of tariffs. that is still in the real world. but it is intriguing idea. i think it is a important point. david: the main concern, the main concern we have around he, we may actually have a brand new tax ich would hit consumers. it would cost eventually end up being passed on to consumers, a major new tax before we have serious tax cuts. isn't that a problem for the president? >> well, i do think the timing of all this i this would with definitely tax cut but look at walmart. i mean if the border adjustment tax raises prices at walmart of chinese imports, cheap chinese imports that is not great but you know what? a worker who doesn't have a job can't buy anything at walmart.
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so, i think everyone should come to the table and stop the posturing and say okay, if not the border adjustment tax, how do we deal with this situation? because all of the, it is almost like washington is afraid to have the fight. i went through -- david: donald trump is not afraid of any fight. he -- >> i understand. david: he has shown that clearly, that donald trump is anxious to have a fight. i'm just wonders, you said bring it to the table. maybe that's maybe there is some sort of a plan here, some sort of deal-making going on in donald trump's mind, if i put the border tax on the table, at least that will get people to the table, what do you think? >> i think so. i think it is -- the '86 tax reform was written off. as a fluke a radical tax reform came out of the treasury unexpectedly. the democrats were for it. the reagan administration was against their own tax bill. it looked like a fiasco. it brought everybody to the table. that is the key. we have to get everyone to the table to stop the posturing.
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david: one of the problems about tables, you sometimes give up stuff you shouldn't give up. in 1981 that tax cut plan in 1981 delayed the tax cuts. they didn't really kick in until 1983. we paid a price. look at the economy -- i understand the fed was squeezing inflation out of the economy, that caused a recession in '82, but it wasn't until the tax cuts kicked in '83 that the economy took off over 4%. in4, it grew 7.3%. aren't we in danger of delaying a real economic boom? >> i understand why they want thobamacare replacement to go first. thinit's a huge mistake. you can negotiate on obamacare a lot better if you have a 3.5% growth rate going on or even 4%. david: exactly. >> and they're doing it. but i don't think they understand, how, vulnerable the political system is, if in fact the economy slips back. look at the last quarter of growth. everyone thought it would be robust. david: it was pa threat tick.
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>> 1.9%, if we're sitting sittih that scenario, that will be dangerous for the republican party. obamacare will not be impossible but very tough to pull together 60 votes. and, you can do it a lot better with a powerful engine behind you economically. david: tax cuts lead to growth and including solving a lot of political problems. david, appreciate it very much you coming in. >> good to be with you. david: melissa. melissa: anger from sea to shining sea, americans pushing d.c. politicians to answer tough questions about the president's policy and obamacare. new jersey congressman sounds off on the concerns in his district. meanwhile, on the other side of the country -- [inaudible]. >> can you answer everybody who asked a question, answer the question.
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>> is anybody ever going to be without insurance? i don't know even where to start with that. first, let's take a look at your financial plan and see what we can do. ok, so we've got... we'll listen. we'll talk. we'll plan. baird. as after a dvt blood clot,ital i sure had a lot to think about. what about the people i care about? ...including this little girl. and what if this happened again? i was given warfarin in the hospital, but wondered, was this the best treatment for me? so i asked my doctor. and he recommended eliquis. eliquis treats dvt and pe blood clots and reduces the risk of them happening again. yes, eliquis treats dvt and pe blood clots. eliquis also had significantly less major bleeding than the standard treatment. both made me turn around my thinking. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis
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melissa: keeping the streak alive. the dow staging a major comeback in the final minutes of trading to make it 11 straight record closes. take a look at the chart. adam shapiro back with us from the stock exchange. adam, what exactly pureed the comeback to a new record? reporter: we were talking talkih
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peter tuckman and other people here on the floor, they point out that 3:30 there was a huge buy order that came in and that set us off to the races. do we have a chart? it was 3:00 or 3:30 where the program order came in. kaboom!, we were off to the races. we were expecting at the start of trading a big selloff. the models indicating based on futures before the opening bell that we would have a big selloff, maybe 100 or more points. that did not happen. we kind of fluctuated flat most of the day, down about 30, 40 points. no direction from the president on tax reform. that program buy order came in as one trader told me, you don't want to be short on the weekend, that could have been it as well but somebody was buying big. when you look at some of the big winners, apple, cisco, boeing, pfizer, it is hard to have been a loser today. what is it the president will say you will get so tired of winning all the time. melissa: [laughter]. i don't think the bulls are getting tired of winning.
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adam, thank you so much. david? david: he did warn us about that. at some town halls throughout the country are growing violent, many congressman look to the real issues. my next guest is pushing his constituents voice their concerns in perfectlopen conversation. take a listen. >> i want to thank everybody who came to the town hall. i believe that it is incredibly important that there be interaction between those of us who serve in washington and our constituents. david: interaction there was. republican congressman leonard lance from new jersey joining us now. good to you, you invite the controversy but there is a big question who the protesters are. can you tell us? >> in my district i think they were constituent. in our town hall was for constituent and we had about 1000. david: do you have a way of screening those who are not constituent? >> yes, we ask people sign up. there was an overwhelming
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response from constituents. and i was pleased to see that. now i may not have agreed with everything that was being said, but i think it is important to reach out even to those who may disagree with me. i represent, not only republicans and independents but i represent democrats as well. that is what i did. i've held 40 of them, and i will hold another one tomorrow. david: there are websites, a couple in particular, that a lot of the people, anti-trump folks have used to kind of give advice to protesters about how to, what points to jump up and scream their protest, et cetera. did you seem to notice that? or did it seem genuinely spontaneous to you? >> i think most of it was spontaneous. perhaps had gone on to the websites. it's a free country. that didn't bother me. i hope i'm up to the task of responding why i think that the health care plan needs to be reformed. the exchanges are failing.
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new jersey used to have five. it now has two. the fact that we need to do a better job. many people in in country have terrifically-higher insurance policy premiums. deductibles are higher. we have to take all of those matters into consideration. david: deductibles are so high, probably would do better if i didn't have any insurance at all. some of it there seemed to be a little set-up a kid asked a question seed far bend h years. let me play that and get your reaction. >> i would like to know will you hold russia accountable for hacking and how? >> yes. thank you. [cheering] david: now another give me, congressman, i'm not genuinely a cynical person, but that seemed to be a set-up, right? >> that was one of the best questions. david: it was a good question but a little beyond that kid's years. >> i have very intelligent young people in my congressional district. david: all right. >> but we did have a lot of
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questions about russia. usually we don't have a lot of questions about foreign policy. david: good to see you. congratulations, you have a good backbone to stand up to all the criticism. we appreciate you coming on. >> thank you. david: melissa. melissa: national security begins with border security. that is president trump's plan to keep americans safe and fight islamic extremism. coming up, rudy jasser for the american-islamic forum for democracy weighs in. ♪ just like the people
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gave us the power to turn this enemy into an ally?
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microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. >> we need to tell and engage muslims in america that feel an urgency, that care about the legacy whether our children and grandchildren will be radicalized by this global jihad. whether we want to leave a islam at home with american ideas of constitutionalism and freedom or at home with theocratic ideas. melissa: president trump firing up the people at cpac, planning
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to keep foreign terrorists out of the united states. zuhdi jasser was part of the panel on violent extremists. first of all, how nice to see you out there. we've been talking to you for years and years on this network and didn't feel like people were necessarily hearing your message. it is so thoughtful. great to hear you out there. do you feel like some of the things you've been envisioning for a while might actually get done? >> absolutely. i think, melissa, for the first time, this is my fourth cpac but slowly it has been increasing from the university to now the main stage. it is an honor to be part of the conservative movement since i was young. now at this main stage of cpac because it is good not only to hear a message what we're against, but finally start to hear what we're for. i'm the son of syrian refugees. my family came here to escape political and religious persecution. as the president begins to reshape policy, not only violent
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extremism, i hope we start talking about violent islamism. the most pro-muslim islamic thing we can do, separate most muslims with us versus those that are against us. the theocrats are against us. this audience if any, understanding the founding father as roots of democracy. melissa: do you feel like you're all on the same page to take action, or is there still a back and forth between what should really be done? >> that's a great question. you know, i was with sebastian gorka there who really gets it. he has multiple times said muslims need to be at the head of the spear because this is a muslim problem. they need a muslim solution. it is not about demonizing islam or muslims. i think america is still in "an educational" process. we've had eight years of anesthesia. we have eight years labeling anyone who confronted islamism,
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including muslims labeled as bigots and islamophobes. as we start to have conversation there will be pushback and back and forth where we start to thread the needle right. this is long conversation overdue and finally 15 years post-9/11 we're trying to do that. melissa: this story, that you identified lethal threats early on. murdered by a toxic nerve agent, who was estranged half-brother of north korean leader, kim jong-un. he was killed by vx. this is the most toxic weapon ever produced according to malaysian police. something troubles me it was intentionally done in front of public in cameras and would be replayed over and over again. this is banned weapon of mass destruction. this is potentially north korea saying, we have this he weapon, we're willing to use it in a
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setting where they're surrounded by civilians. do you think that this was north korea sending a very strong message? or am i taking it too far? >> not at all. i would take it further and say that this should be a wake-up call to the new administration that north korea's unhinged. they're sort of just like, bashar assad used chemicals weapons 40 times and was propped up and supported by russia that allowed him to commit a genocide and use weapons of mass destruction. now the north korean part of the new axis of evil, whatever that might be is using weapons of mass destruction in malaysia, in an airport and pushing the world. just like we need to push back on russia against what they're doing in syria, we need to push back on china against the facilitation and the need to contain the terrorist state of north korea. melissa: i'm so glad you brought that up because you have been vocal about stopping russia and their role in syria. are you concerned about the president's relationship with russia?
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or do you think that's sort of fabricated? >> well, i was concerned during the campaign. now he is my president. so i will hold him accountable to advancing american ideals domestically and abroad. that accountability, will be, for example, they're talking about sending troops into syria. will be apoplectic, as i'm sure syria, israel with would be, fighting isis side by side with hezbollah, with iranian national guard and the evil military regimes. we have to be careful. i think we should get isis in northern iraq which we should re-establish a presence there. when it comes to syrian policy, i hope it is not just the fact that we share enemies but the president starts to articulating what we are for. we don't share many of the values what putin and russian regime values are. melissa: wonderful to talk to you. thank you for coming on. so many important points. thank you. david: president trump may now be considering what is called a reciprocal tax on trade.
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it is kind of a broad term meant to deal with a lot of things like the border tax, et cetera. treasury secretary steve mnuchin sitting down with maria bartiromo for "sunday morning futures" in an exclusive interview. take a look. >> an idea he is looking also, reciprocal tax which is basically saying we want to create a level playing field so that other countries treat us the way we're treating them. we're not getting into trade wars but what we are going to do, the president believes in free trade but he believes in fair trade. and we're going to renegotiate these deals, so they are good for the american public, they're good for the american worker and they're good for american companies can. all we're looking for are fair deals, where the deals work for us and they work for the other parties. and that's what we're going to do. david: for more on maria's interview with secretary mnuchin tune into "sunday morning futures" this sunday, 10:00 a.m. eastern on fox news. it is interesting how the words have changed.
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it is no longer border adjustment tax because there was too much baggage attached to that. now they're calling it a reciprocal tax, a tax by any other name smells just as rotten, doesn't it? melissa: absolutely. absolutely. hopefully it is just a negotiating ploy. david: let's hope. we don't need another tax. melissa: no of the liberal media continuing to voice their anger towards president trump but using children to sh aoint going too far? ar democrats plotting a quote, total war against the president. what one media outlet is claiming. the fallout is next. ♪ ♪
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with liberal activists leading the charge ahead of this weekend's selection of a national chairman. here now is noelle nikpour, gop fund-raiser. neal democracy for america communications director. thanks for joining us. there are two approaches for democrats right now, either if you don't have power, resist. this idea you will fight every step of the way, even you have people like keith ellison saying it is time to start impeachment proceedings, sort of going down that road, or you can be more like congressman tim ryan and try and steal back some of the folks that have gone away and appear to agree in some part and more moderate. what do you think more effective. >> there is not a choice between one and the other. i think you can do both at the same time. llions of lecross this country, some who voted for donald trump are beginning to regret that decision. you're going to need a fierce resistance effort.
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you need a clear differentiation who is standing up for working people and who is fighting on behalf of the wealthiest 1%. and that is pretty clear it will be donald trump. melissa: noelle, can you do both at the same time? i mean it sound like you're splitting your own party in half. that is something the republicans struggled with and it didn't work out for a long time? >> melissa, you are right on, no, i don't think you can do both at the same time because you're sending a mixed message. sending come one, come all, focus on how to get people that voted for trump to get back this step with the democratic party. at the same time we'll focus on trying to impeach trump instead of bettering our message and our brand. by the way that people crossed over and people that voted for donald trump they are seeing progress and they're seeing it fast. >> really? really? >> yes. melissa: another topic, hang on. we're not done. you get to say more. liberal media bashing president trump again but this time nbc
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news is using kids for this desperate push. listen. >> i don't like your definition of american, because i don't see to fit within it. >> you make me feel small. >> i'm ashare you will hurt some of husband black. >> you are hear attempting to whitewash america. >> that is not fair for refugees. >> you will separate me away from my family. melissa: noelle, your reaction? >> good god, i mean, melissa, this is a new low. only thing that would make this even any lower to run this on the disney channel and to run it on nickelodeon. i think that when you get, you know, when you use children, talking about playing into fear-mongering, they're not even, they don't even understand, i think, what they're exactly talking about.
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especially the little boy he is scared that you is black and he is very scared that his family is going to be pulled apart. this is absolutely despicable that anyone would use children. >> what do you expect when you put a white supremacist in charge of the justice department. when you have a president running around how he deports millions of people, it is not a surprise kids all across the seeing rise of anxiety disorders among young children. melissa: that language being used to these children instilling that sort of fear, this is idea that -- >> that is what the president has created. melissa: in charge of the justice department. if you believe that sentence is true and repeating that to children, that is kids got to that point, right. >> someone who coddled racists and big governments over course of his presidential campaign. melissa: if you believe that is true why the democratic power is completely out of power. if you say that out of hyperbole.
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that is not helpful. you're alienating all the people in the middle went over to trump. >> millions more people voted for democrats than did for donald trump. donald trump -- melissa: can't say things like. >> losing campaign. melissa: that is why he won. >> he won, he won in the electoral college, by 77,000 votes spread across three different states. melissa: when you ran more yards but we scored few are points. we should have won the game. >> people are afraid of donald trump, donald trump pushing policies. melissa: neil, you're helping republicans should let you stay on. david: they wouldn't like to thank the academy. what voters think of political speeches at the oscars. that is coming up. ♪
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reporter: the country's political divide meets the oscars. david: more than a third of hillary clinton supporters think the speeches are touching. >> a few days a go i called the fake news the enemy of the people, and they are. they are the enemy of the people because they have no sources, they just fake them up when there are none. they are very dishonest people. in covering my comments, the dishonest media did not explain that i called the fake news the enemy of the people, the fake news. they dropped off the word a fake. i'm not against the media, i'm not against the press, i don't mind bad stories if i deserve

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