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tv   After the Bell  FOX Business  March 8, 2017 4:00pm-5:01pm EST

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liz: don't freak out if there is correction. it is coming. [closing bell rings] >> it is always smart to have cash. liz: mike holland doesn't know when or do any of us. markets down for third straight day but closed mixed. nasdaq holding on to some gains. s&p didn't quite make it. time for "after the bell" with david asman and melissa francis of the take it guys. david: thank you very much. the dow dropping in the final hour of trading. it is down7 points right now. something happened in the last hour of trading that spooked the market a bit -- 70. s&p 500 also ending in the red. hello, everybody, i'm david asman. melissa: i'm melissa francis. this is "after the bell." we have you covered on all the big mark account movers but here is what else we have for you coming up this hour. house republican leaders working right now to try to drive the obamacare replacement bill through congress despite
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mounting resistance from conservatives this the party. texas congressman louie gohmert and house freedom caucus offering up their own by he joins us this hour. former congressional budget director douglas holtz-eakin weighs in how much the republican plan may cost. a criminal investigation under way to who leaked cia secret to wikileaks. we're learning more how the spy agency is able to watch us through our tvs and phones even when we think they're off. david: that's a lovely thought. look at oil. some people saying this is one reason the market had a shaky day. it plunged this morning. as weekly inventory report showed a lot of supply. much more than expected. it surged to more than 528 million barrels of extra supply. this is the biggest level on record. that drove oil to settle down more than five% at $50.28 a barrel. this is the lowest level a a.
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of the year. oil the oil stocks why down as a result. melissa: that went over to the dow dropping final hour of trading ending the day down 70 points. let's go to lori rothman on the floor of the new york stock exchange. talk to me about today's trade, lori. >> guys, crumbling oil prices offset minimal gains in financials or drug stocks. losers, top laggards on the dow jones industrial average which by the way chalked up a third consecutive day of losses with decline of 69 points on the day. exxonmobil, chevron, are two of the weakest. almost down 2% for both actually. caterpillar was the worst performer on the dow and this is the news. caterpillar, heavy machine maker is accused of tax and accounting fraud. "the new york times" is reporting this. the accusations coming from the u.s. government. basically the report outlining caterpillar's strategy for bringing home billions of dollars of its offshore affiliates and not paying taxes
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on it. caterpillar for its part is declining comment. no surprise. but at the end of the trading session, caterpillar biggest decliner on the dow down 2.%. big story crumbling oil prices bringing down the main line oil producers today. exxon and chevron set the tone across the broader market. back to you. melissa: lori, thank you. david: there was a bombshell after private sector jobs report. the economy crushing expectations by adding 29 -- 298,000 jobs in president trump's first month of office. we have scott martin and gary kaltbaum. great news on the jobs front kind of made the markets nervous because of what the fed would do. these are the post-trump days when sometimes politics has more to do with why the market are the up or down than the fed, right? >> i don't think the fed matters
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anymore. i think thereby the wayside. david: think you're right. >> if you notice you don't hear them talking as much because i think they were given a directive to shut up because in the past they didn't stop. five times a day, 10 times a day, confusing markets. all i'm telling you right here it's a no biggie. you have to realize we have not had a 2% correction since before the election and corrections are a normal part of the markets ebb and flow. i have to tell you i'm almost hoping we have three to 5%er to clean things out. david: jonathan, the big question whether or not this jobs number will have anything to do what we see on friday. fried is the big jobs number for the month. what do you think that will do to the market one way or the other? >> well, david, if we get good news as we did today and the market sells off it lends credence to this idea really a correction is here. the bull has at least from thine eyes, david, stalled. two times as many year-to-date
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lows today as highs. we heard from the floor of the nyse a second ago, oil stocks at 52-week lows. reits, retail. so the market, we're in the trump era, but market is now forward-looking. i'm seeing a lot of stocks doing poorly now is good time as any to look for that correction. melissa: one hour from now president trump will meet with republican leaders to try to get them on board with a new plan to replace obamacare. fox business's blake burman at the white house with the latest on this, blake? reporter: no official list from the white house but sources here at the white house and on capitol hill tell us folks supposed to meet with the president in about an hour's time are leaders are staunchly opposed to hca. groups like freedomworks, americans for prosperity, club for growth and heritage action are some we're expecting to be in attendance here. earlier today at white house press briefing that white house press secretary sean spicer made it clear the president is opening to listening to new
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ideas that could improve the bill, they're very much in sell mode as he put it here, trying to pitch the plan all across the country. earlier today at the white house democratic congressman elijah cummings sat down and met with the president. quite the couple there. the two talked about prescription drug prices as that is common interest between the two. mr. cummings spoke to reporters just a little while ago. listen. >> he was enthusiastic and, he was clearly aware of the problem and clearly, and he made it clear to us that he wanted to do something about it. reporter: congressman cummings made it also clear that one of the issues the president talked about and is a concern related to prescription drug prices mylan'sppy pen. melissa, we've been talking about that for a while. melissa: my goodness. thank you, blake.
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president trump meeting today with executives from top asset management firms as well as tesla and spacex's elon musk. shedding light on strategy and key players involved in rolling out his one trillion dollar plan to rebuild america's infrastructure. let's go back to our guests on this one. jonathan, what do you think of this gathering? what does it tell you? >> these are the stocks that are going to move. talk about infrastructure, u.s. steel, just in anticipation of this infrastructure spending was up something like 100% after the election, melissa. from thine eyes, basically the infrastructure stocks are going to be what the environmental stocks were under obama. they're going to be politically-motivated stocks. when we get a bill or idea about what to build or what hole to dig you will see these very stocks and these very companies move on the news. very tough to trade as a result. melissa: gary, what do you think about that? >> look, all i know with the infrastructure i have only one question, where are they going to get the money from? when he is meeting with the big
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asset managers i'm thinking he is talking about raising the bucks to do it. as a fiscally conservative maniac i have no idea where all this money will come from. $4.1 trillion this year. melissa: we're talking about public/private partnerships. people that raise money are very excited about getting a piece of this and investing in it. if you look at the list of people that are here, apollo global management cofounder. you have finance guys in there who are exactly the type of guys who would raise a fund and want to be involved in paying for the infrastructure. the answer is right there. >> i think we're going to hear the word private toll roads for rest of our lives to pay for this stuff with bridges. >> what is wrong with that? >> nothing, but if its on the back of the taxpayer when all said and done, i'm not so happy. melissa: i hear. >> you he is capitalist. we'll see what happens. melissa: amen to that, my brother. thank you. david: secretary of commerce wilbur ross telling "after the bell" it's a little
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late to be worried about a trade war. take a listen. is this concern about trade deficits going to lead to any problems, do you think, in terms of something that might escalate into a trade war? >> we've been in a trade war for quite a long time. the only difference is that our troops are now coming to the ramparts. that's the difference. david: jonathan what do you make of this? >> david, the interview was stunning in his response. it was jaw-dropping to me. wilbur ross, tremendously successful billionaire doesn't understand trade. he doesn't understand how it is not a fixed pie. how trade is mutually beneficial. david, i don't know anyone who bought something from amazon last decade we'll tell you in a trade war. we're in a trade euphoria. david: i agree the interview was terrific. i don't agree with his conclusion about wilbur ross. correct me if i'm wrong, he is positioning himself for trade negotiations. they will be negotiating over
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next couple of years individual country trade deals. before they had regional deals. now they have country specific deals. isn't it reasonable to assume he want to set himself up with the hardest line going into the trade deals as possible. >> great negotiators position themselves with the most strength possible and that's talking tough. that is all this is at this point. look, you can call it a trade war or unfair trade, whatever it is. this administration thinks we've got the short end of the straw and this is the positioning in order to go in and get tough and do a little bit different. david: right. >> we do have major trade deficits out there because we buy a lot of stuff here. i don't think it is as bad as they say. david: right. >> but they are doing the right thing by putting everybody else on notice they will be tough as they move forward. david: you go into the negotiation being a real hard you know what and you soften a little bit and the person on the other side of the table thinks they won. i think it's a great negotiating tactic. jonathan, gary, got to leave it at that. thank you very much.
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melissa: heart nosed is what you were saying. david: hard-nosed. another part of the anatomy. melissa: criminal probe underway who leaked cia secrets to wikileaks. the latest on the investigation and the fallout from washington. david: a blockbuster jobs report for february, blowing away expectations. we'll get the pulse of how small businesses are faring under president trump's first full month in office. melissa: house republican leaders working right now to drive their obamacare replacement bill through congress as press secretary sean spicer just getting grilled on how much it is going to cost. former congressional budget director douglas holtz-eakin joins us next. >> the idea that we're waiting for a score, it will be scored but the idea that that is any kind of authority based on the track record that occurred last time is a little farfetched. n al after a dvt blood clot, 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?
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david: budget director mick mulvaney said the congressional budget office will have a full scoring of the gop health care plan by monday but white house spokesman sean spicer just warned about relying on cob calculations based on their record. take a listen. >> if you're looking in the cbo for accuracy you're looking into the wrong place. they were way, way off every aspect how they scored and projected obamacare. the idea we're waiting for a score, it will be scored but the idea that is any kind of authority based on the track record that occurred last time is a little farfetched. david: someone who just might have bristled a little at spicer's comments, former congressional budget office director under president gw bush. doug, it is hard to argue spicer's point they really screwed up the scoring of the obamacare, didn't they? >> look, i think they did the best they could.
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i've been in the same position. i had to do the prescription drug bill un-bush and, we came off, 30% off. these things happen. i think the important thing here is that the cbo was created to serve the congress and you know, the executive branch has office of management and budget. sean spicer can talk to them what he would like to do. the cbo will deliver to congress what they need to do their job. at this point the sort of politics of the democrats huffing and puffing about cbo scores makes obvious sense to me but in terms of the substance, the reconciliation bill, the one you actually vote on comes out of the budget committee. it will be put together after ways and means and energy and commerce are done. there will be a score on that bill before they vote and it will be business as usual. david: here is the problem with scoring in general, specifically with regard to health care, there are some variables involved in health care costs, so many, that even if you're a genius and have the best computers in the world, you can't figure in all of the things that might happen when you begin to fiddle.
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for example, i doubt seriously whether they knew that deductibles were going up to $12,000 on the bronze plan, for example, and that cost wasn't calculated into the final cob cost of obamacare, right? >> they couldn't have anticipated that the obama administration would change the rules every day. david: there is that as well. >> for six months. that was impossible. so i think the right way to think about what they do is, they try to put the estimate in the middle of the range, so likely to be too high as they are too low. david: yeah. >> acknowledge the limitations of forecasting the future. that is a reality. david: it is limited. now you're involved now with an organization that does some poll, particularly of republican views. there is a lot of talk in the media how republicans are falling away from the trump plan. there is one interesting poll your organization was involved in. these are primary republican voters if i'm wrong here? >> yeah. david: 77% think that tax reform
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is very or extremely important. the longer we fiddle around with health care the longer it will be before we get tax reform. we might not get it until 2018. do you think that is a possibility? >> i think that would be a big mistake. we haven't heard anyone even breathe that possibility in either the house, senate, or white house. so they're going to move ahead with the health care legislation. they will turn next to the tax reform. it will be likely done in the same way in, quote, reconciliation with republican votes only. so what republican voters think of that is very important. this is very different than the results we got a couple years back when obama was the president and dave camp was heading the, he was chairman of the ways and means committee. there was no enthusiasm for tax reform then. here people see possibilities, something that can dramatically change the trajectory of growth in the united states. 80% support it in the abstract and nearly 80% support it in the specifics. david: they're give me a wrap.
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i have to ask this question before you go. what is the possibility we get full tax reform, signed, sealed, delivered right after, after the repeal of obamacare? >> that would be parting the red sea and walking. david: you don't think it is possible? >> getting it done this year would be fantastic come accomplishment. david: douglas holtz-eakin. thank you very much. melissa. melissa: ceo of drugmaker eli lilly along with 16 other ceos sending a letter to congress pushing for a change in the tax code. he sat down with maria bartiromo in a fox business exclusive. >> the system we have last 30 years is producing economy we have, sluggish growth, depression in middle class wages and reduction in manufacturing and increase in the trade deficit. if we want to trade any of those things we need a new tax code and ryan blueprint, brady blueprint put forward by congress is the only plan sitting on the table right now we are for because we think it
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addresses all those things. melissa: for more on maria's exclusive interview, go to foxbusiness.com. david: everybody wants tax reform now, as soon as possible! melissa: everybody. nearly every single person. david: a presidential feud in the works. former president obama reportedly livid with president trump right now. why the relationship between the two men is crumbling. plus, your own home under government surveillance? how the cia may be using everyday devices like your tv to spy on you. >> is it constitutional for any government agency, i don't care who it is, to intrade the privacy of american citizens? i think the answer is emphatic know, it is not! nt? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away
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david: alleged cia spying secrets have been exposed. the investigation is underway following the massive wikileaks document dump yesterday he detailing how the cia can turn
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how they turn smartphones or smart tvs into surveillance devices. catherine herridge is live in washington d.c. with the very latest. catherine in. reporter: thank you, david. the fox news confirmed the fbi has opened a criminal investigation into the wikileaks document with reported focus on government contractors. all the evidence points to an insider and not a breach of computer networks. leaked records show apple's iphone was a target of so-called zero day programs that exploited previously unknown weaknesses. these programs included audio and video recordings as well as the extraction of user data and contacts. while not directly confirming or denying the authenticity of the leaks, apple said in a statement, quote, our initial analysis indicates many issues leaked today were already patched in latest operating system, or ios we will work rapidly to address any
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vulnerabilities. cia is not publicly commenting but michael hayden went on late-night tv emphasized that the controversial spying tools are not used domestically. >> i can tell you these tools would not be used against an american. >> why not? why wouldn't they be used against the americans? americanss buy samsung tvs. >> there are bad people in the world that have samsung tvs too. >> right. >>nsa develops tools, cia develops tools we can use. we went through the drill about fisa. reporter: military and intelligence experts told fox news think they see a pattern based on the data and it is important to look who benefits from these leaks about the cia and clearly it is the countries adversaries and in each case these experts highlighted russia. they pointed to the fact that the documents were released by wikileaks and that was the same group that handled the snowden doubts and snowden has asylum in
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russia right now. also the same group that released the dnc and clinton emails and that breach was of course linked back to russian intelligence, david? david: russia is really trying to stir up trouble over here. no question about that. reporter: when you're the weak party financially and military this is space you have to play in. david: that is a terrific point. catherine herridge, thank you very much. melissa: great point. morgan wright, senior analyst and senior fellow at the digital government center this caught my attention in the whole story. security experts are concerned this is possible sign that the spy agency has lost control over this cyber arsenal. this is kind of a piece of the story that not a lot of people are talking about. >> right. melissa: that is really scary. not openly are we showing people how we do things but maybe the reason why this is out there because the cia lost control of it. is that possible? >> that's possible, melissa. think of this as a gun.
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we just didn't lose the gun, we lost the ammunition for the gun. if you have something physical you track it down, you get it and get it back. with software it can be copied and duplicated. if you get what was originally taken you have no assurance that it was not copied or duplicated. the other thing happens when the arsenal gets out there, wikileaks rest of this, gets into the sensitive piece of code, they can see how it is done. they have enough to see this is what they're doing. the real treasure is how we're doing it. that is what we hope never gets released but with wikileaks, who knows. melissa: morgan, how do we know we're not only ones doing this? that assumes what you just said, that we're the only ones have the technology in order to do it. as catherine herridge told us, the russians are very playing very seriously in this space because that's how they do things. >> y. melissa: maybe this is common practice among spies? >> it is common, there is no doubt it is common practice
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we'll use any means available and cia as opposed to nsa does more close in operations where they get agents and spies to insert usbs with malware with physical access to things. that is standard. what is not standard, somebody with the trust and confidence and clearance to take the information and release it to wikileaks. that is traitter rouse and that would be equivalent after russian he defector or american defector. that is with we hope doesn't happen. that is the equivalent of aldrich aims and robert hanson. things get exposed or the fact it involves a samsung or iphone, or tv, these are tactics and tools our intelligence community uses to defend us against our adversaries like russia. if we level the playing field, russia comes out ahead we're the good guys. we fight with one hand behind our back. we want unfair advantage and we have had the unfair advantage up
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to now with this kind of technology. melissa: who do you think is behind this? everybody thinks wikileaks is tied to russia. >> right. melissa: at the same time you hear the story that we're going in and leaving tactics and leaving fingerprint that makes it look like it is china or russia. the normal person at home might say how do we know who is doing what? >> this comes from tools inside of the cia if it was stolen by the russians and deployed, then that's obviously that's one of their goals electronically. i think in this case what we're looking at, you can only go by the reports that are out, melissa. a lot is classified. the investigation is going on. if you take face value had to come from the inside, looks like it comes from the inside that means we have another snowden. i forgot the name of the other person, nsa contractor who was arrested. we have two contractors with access to information now released this. if this is the third case, it appears we won't know until it is all done but appears somebody on the inside as opposed to somebody taking this information. there would be no reason for
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russia to release this information to wikileaks because the last thing they would want to know they know about it. that gives them advantages we don't know our tradecraft has been penetrated. that is a significant intelligence advantage. you don't want your adversaries to know that. melissa: right. morgan, thank you. appreciate it. >> you bet, melissa, here is what we want to know. how can we all secure our smart devices? how can tech companies build defenses in the devices they build. fox news's hillary vaughn live in l.a. with latest on this hi, hillary. reporter: hi, david. apple, google, samsung and microsoft had no idea their devices were being used for spyware. vault seven documents show the cia can hack your text even if they're encrypted. they are able to bypass popular end to end encryption apps like whatsapp by recording keystrokes on your mobile device. the cia dedicated an entire unit
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to break into iphones and ipads. the agency could see the target's location, activate their camera and microphone. apple tells me a lot issues were patched into the latest ios update. so all iphone users you need to make sure you do the security update. microsoft didn't say if they found a fix for the security breach, only telling me they're aware of the report and looking into it. the cia also a program called weeping angel. it turns the microphones in your smart tv into surveillance bugs. it targets, samsung, s-8,000 series of smart tvs and extract the browser history. it can make the tv even while it is in stand by mode, listening. they knew something like this was possible because in 2015 they warned customers that their tvs could capture background noise and conversations. the best way to protect yourself from smart tv surveilance not to contact your smart tv to wi-fi ever.
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but the cia was developing a wi-fi ghost switch that fricks users thinking they are not connected with the internet when they actually are. i.t. giant cisco says malware is targeting entire family of cisco devices including their widely-used routers and switches. until wikileaks tells us more specifics about the hacks, a lot of tech companies hands are tied. david. david: wow, weeping angels. i'm sure they are. hillary, thank you very much. melissa: the only with to be safe not have any electronics in your house at all. david: i was so happen when i had a tv connected to internet and don't have to use all the remotes but now? melissa: there you go. a boycott gone bad. how the liberal protest against ivanka trump's brand backfired big time. david: rolling out a health care alternative. texas congressman, louie gohmert, one of our favorites, sounds off on his plan coming next. >> once obamacare is repealed and replaced, republicans you will own what is in this, those
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who voted to put you in control of congress, will not settle for obamacare light. you have to get this right and you have to join forces.
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melissa: all right, the president is meeting with conservative leaders at the white house this hour as he tries to bring everyone together behind the house gop plan. it is being worked on capitol hill but some conservatives are vowing to find an alternative to
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the house gop replacement bill. secretary neil price, i'm sorry secretary price told neil cavuto moments ago, everyone will support the whole package once they know what is in it? >> you look at the totality of it, it is kinds of things we've been working for years and years and years to get that patient-centered health care going. i think if people look at the entire package together they will be wholly support i've. melissa: joining me congressman louie gohmert from texas, thanks for joining us. what do you think about that? is it a leap of faith that you take all three three phases will come? >> that is what i learned here in washington, you don't take leaps much faith. you must, you have to verify. and you know, reagan said trust by verify. around this town you have just to verify. one of the most popular sayings here in washington it. david: no matter how cynical you
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get it is never enough to catch up. i was hearing my good friend, tom price. he and i got elected to to congress at tame same. nobody knows the issue of health care legislation better than tom. if you could support tom price's bill, this is the same thing. no, it isn't. tom's section 2 and 3 have complete repeal of obamacare and that didn't make its way into this. melissa: but the argument that they make is, because of the way the rules work, because of the way reconciliation works and the way the law works you have to do it in faces, phases. you're saying that is untrue? >> yeah. we can't do everything in the this first bill but, we were using reconciliation in 2015 and it had a lot more in it that we approved of than this bill does. and now they're trying to use the excuse, no, but in reconciliation you know the parliamentarian in the senate
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won't go along with this. we passed it through the senate. melissa: okay. >> and so, in fact that is what i mentioned to trump when he came through for the state of the union, i said i know our leaders are saying we can't do some of the things that we actually did in 2015. don't buy it. that we want do what we did through the senate two years ago. we can. melissa: so what compromise do you think exists? because like it or not, there is a lot of pressure on republicans without question. >> sure. melissa: to not squander this opportunity when you have so much control. >> we can't. we won't get another chance. melissa: what is the compromise? >> i'm open to different come he promices, but the bottom line is, we've been promising people we would repeal. when our leaders that know this bill better than the rest of us say, we're thinking it may be able to allow to us reduce the price of health care insurance by maybe eight, nine, might even get it to 10%, some of my
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constituents say -- melissa: give me some specific. >> they went up 200%. 9% wont help them. melissa: you're absolutely right. give me specifics, what do you absolutely need right now to get together to vote for this? give me two things that have to be in there. >> if we have a whole lot of smaller things. things like, we've got to be assured we're going to eliminate the exemption from the antitrust laws for health insurance companies. they can monopolize. melissa: okay. >> instead of having, oh, everybody saying, we'll buy across state lines. if you you don't eliminate that exception under the mckaren ferguson where they don't have to abide by antitrust laws, instead of having 50 monopolies you will have one. that is no good. melissa: we're making progress here. give me another thing. >> and you can't have this cadillac tax coming back that is in this bill. melissa: okay. >> that we'll punish employers
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actually buying really quality health care? melissa: that makes sense too. they're wrapping me. one more thing. we're making progress? >> we have to make health savings account far more attractive than what we've done. melissa: okay. >> we can do that. and that is the key to saving health care as we once knew it. but we've got to encourage young people to get it in there and employers to get it in there. there is not enough encouragement right now. melissa: sir, hope you come back soon. i think we made progress. we'll send them the note. >> always make progress, melissa, you always do. melissa: great. david: reconciliation in three minutes. house and conservatives. melissa: that is what we needed that sounded reasonable. david: sounds good. president trump, delivering adding jobs, crushing expectations just as an obamacare replacement is in the works but will small businesses farewell with the new health care law? we're asking hector barreto coming next.
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david: businesses in america are taking president trump's growth problem -- promises to the bank. 298,000 jobs were added in february according to adp data. this is the fastest growth in three years. we have hector ba rote toe, former u.s. business minister. i had to are the r in last name. >> thank you, david. david: when you're hiring people you are investing long term. you have to train the person's and going through their history, et cetera. looks like businesses are buying into the promises of an easier business environment for president trump, no? >> no doubt about it? you have seen statistics coming
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out of nfib much we're seeing optimism we haven't seen for a decade this is very positive. small businesses will create the jobs. they will buy inventory. they will expand if they believe things will get better, if they believe their business will be up. that is what we're seeing with these job numbers. if we can get that going i think economy will be on a great path for growth. david: all the attention past few days has been on health care. i know the mandate has been removed in this gop proposal that people with businesses over 50 employees have, are required to provide health care. that's been a eliminated. that must be a huge weight off their shoulders, no? >> it really is, the five guiding principle i've been hearing about, they will keep the preexisting condition clause. they will allow governors to have more flexibility and more resources. they will expand health savings accounts. they will create a true marketplace where there is actually competition. that will lower costs as well. they will do something about these escalating costs,
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especially with frivolous lawsuits and prescription drugs. david: oh, yeah. >> all of those are very, very positive things. it's a breath of fresh air for the small businesses. david: we should remember, a lot of small businesses, a lot of doctors are actually small businesses, they have to hire accountants to deal with all these rules. maybe they can cut back on some of that and focus on their business. one final question, tax reform. we are desperate for tax reform, real tax reform. we have an outline what the president wants to do. which is more important? i would think tax reform is lot more important for small businesses than health care. what do you think? >> they're all important and headlight care goes straight to the bottom line but those taxes are going to be critical. as you know small businesses pay a higher marginal tax rate because they claim as individuals. if you can lower that, that is more going to the bottom line, more that can be invested in the small businesses and they can create more of those jobs. so i think it's a very, very positive thing. all of those things are creating that environment that is creating this optimism, david.
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so we're very optimistic. david: hector barreto former u.s. small business administrator. come back soon. >> thank you, david. david: appreciate it. melissa: the era of a peaceful transition might be over. why former president obama is reportedly livid with the new administration. david: i have an idea why. ♪ dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia
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and capri cafaro, former ohio state senate minority leader. she is also a washington examine are contributor. thanks to both of you for joining us. >> thanks. melissa: what is your take on this. >> my take since the election, obama even prior to the election has tried to undermine donald trump. why? because he saw his signature piece of legislation, obamacare, would be totally repealed and replaced. that is it his legacy. without that there is much less barack obama will be remembered for. that continued even after the election to undermine the president to say donald trump was not legitimate. donald trump is finding troubling things about his predecessor he made public. now it is up to congress to investigate. melissa: capri, do you think there is really, i guess, do you think this is so out of the ordinary, or do we just not hear about it, in normal transition times people pretend to be lovey-dovey and this is behind the scenes and we don't know
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about it? >> i have no idea. i think everything about the 2016 election as well as the new occupant of the white house, president trump, is unique, one-of-a-kind, ground-breaking and the rest of it. so to have the transition and relationship with the previous president be unique it is i think par for the course. i certainly for one am not surprised president obama is angry or livid as has been reported because of the allegations that have been made by president trump about the both of wiretaps as well as somehow being a mastermind behind the white house leaks. it is unfortunate. we like to see our presidents. it is very exclusive club that only belongs to a handful of men that are still alive. americans like to see those presidents get together and find common ground but it is looking pretty hairy right now between those two. melissa: brad, seems like we are in a new era, people don't accept what is fixed.
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for these guys to pretend like they're friends and even between the clintons and bushes, to pretend like their friends at least out of the gate. maybe over time they were but to a lot of people, that is fake, i'm over it. maybe this is, you know, the american public doesn't want to see them pretend to get along when in reality we all knew that donald trump was coming into office to dismantle what president obama had done. that is what he was elected to do, to stop the fakeness. what do you think of my theory? >> i think you're absolutely right and that's why donald trump got elected as the ultimate outsider in an insider town. and the walls of this phoniness came crumbling down and donald trump tells it like its warts and all. a lot of people on the left can't stand. he is telling the truth. what people would ordinarily speak but never in this town. one thing about the donald trump, hopefully the left will get it especially with obamacare, as crass as they sometimes think donald trump is,
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the guy will make a deal with you. you should come to the table and negotiate in good faith. you know what, if you do so you will come away with something. we've seen today with meetings with democrats at white house. melissa: capri, you want to respond to that? >> you know, i mean i think that there is no question that president trump's val to the american people he is candid. he does cut deals. i will agree with brad on this are they necessarily deals or policies that i always agree with? probably not but i think there is some validity to what brad said. melissa: guys, thank you. great job. always appreciate your insights. david: by the way it did happen before, you're absolutely right. it happened during the reagan administration. the first few months of the reagan administration there were a lot of holdovers from the jimmy carter administration embedded if you will in these agencies and they tried to distort, if not overturn a lot of reagan policies. i was studying that as it happened.
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you're absolutely right. it happened before. not with the openness. melissa: there wasn't twitter then. so we had less insight. there you go. david: go ahead and boycott. make their day. how trump supporters are fighting back and ivanka is cashing in. ♪ liberty mutual stood with me when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ what powers the digital world. communication. that's why a cutting edge university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer network streamlined and nimble.
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melissa: ivanka trump's fashion line is reporting record sales since snored strosm and others said they were dropping the collection. david: sales are skyrocketing
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346% since the protests began. the trump's are brilliant about selling stuff without paying for ads. melissa: when she wore that pink dress it sold out the next day, so how is it not selling? liz: more than a dozen women arrested as thousands of women staged what was supposed to be peaceful no women rallies and walkouts. it turned into an anti-trump march. welcome to "risk and reward." women across the country walked off the job. one teacher in philadelphia says it's about demonstrating support for the value of women. >> i think this is a big year for us women. we need to prove we are a big

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