tv After the Bell FOX Business November 15, 2017 4:00pm-5:00pm EST
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when millionaires get a tax break, the middle class is paying. liz: thank you very much. well-have you back, patriotic millionaires. [closing bell rings] red pretty much for the second straight day. cisco earnings. news conference coming up. that is doing it for the countdown. >> liz, dow ending down 135 points. s&p 500 is down 14, half of 1%. nasdaq down 31, also half of 1%. markets are now about 1% from the record highs just last week. thanks for joining us i'm lauren simonetti for melissa francis. david: thanks for being here, lauren. i'm david asman this is "after the bell." more on the big market movers. here is what we have been covering and are covering for you in the next hour. profound honor representing u.s. in asia. president trump at the white house, wrapping up the
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speech on trade and north korea. house is hunkering down on tax reform. details of their plans ahead of a key vote tomorrow. congressman dave brat where things stand right now. we'll speak with famed reagan economist art laffer, on the senate's plan to include an end to the obamacare individual mandate. does he think that is a good idea? jim jordan grilling attorney general jeff sessions about a special counsel for clinton and comey. he is going to be joining us with the latest developments on that front in a moment. lauren: stocks tumbling for the second day in a row. down 136 points. nicole pettalides on floor of the new york stock exchange, with what traders are saying about the selloff we're seeing today and yesterday, nicole. >> it is pretty broad-based. we're 36 points off the lows for the day. they never picked up the momentum buying the dip.
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that is our trend. last week was first down week in a eight weeks. overhaul and timing and delay of it all. that ultimately pressured stocks. telecom really only sector that managed to squeeze out the gain. look at dow laggards, home depot, exxon, we saw technology coming under pressure. the vix, the fear index that jumped 14%. target after giving this outlook for the holidays talking about price cuts, talking about stiff competition that dropped about 10%. the big picture, traders know that we are near those records. we are stone's throw away from breaking through the top again. it has been thousands of points since the election last november. the move today is half of 1%. so not that big of a move even though it's a down arrow. back to you. lauren: nicole, thank you very much. david: president trump making what was billed as a big
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announcement on trade and north korea, blake burman live at white house. blake, only thing we learned that the president is dehydrated after the trip. reporter: that might have been longest readout after presidential trip we've ever seen. looked like the president needed water during it. the president ticked through all the different stops and all the difficult successes that he had seen over this 12-day, five-nation trip however there was no real major announcements even though the administration and president billed this as a major speech. it was very clear what the two themes of this trip were. you heard the president bo through them, which was one, trade and two, north korea. the messages from the president when he was overseas was the same that he tried to deliver just a little while ago, which was that days of unfair trading practices are over. he specifically mentioned the massive trade deficits and on north korea, the president once again reiterate all options remain on the table. that time is running out. but as far as any sort of specifics, any sort of new
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announcements as to what might have come from this trip, in this speech, nothing there on that front. the president though also did look big picture in this. he laid out the other past foreign travels. talked about the economy and solid footing he sees it on. he brought it back to his trip to the indo-pacific region. he said quote, my message has resonated once again. our country is optimistic about the future. he ended saying my fellow citizens, america is back and future never looked brighter. when the president ended his speech he was asked about roy moore. we were told maybe the president would dive into this. it was very clear he wanted nothing to do with this in this speech. the president was insulated from this controversy when he was oversears. now he is in washington. republicans have a decision to how to the a tack the whole roy moore situation. the president has not weighed in on it, when he made the initial
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statement or the white house did when he was overseas. still from the president, much more to hear on that topic as he is in washington moving forward. david: i was joking about the water. we have to remember this was a very long, intensive trip halfway around the world. the tile change does catch up to you, no matter how vibrant you are as a 70-year-old. kind of tiring. getting roy moore into the picture after what he has been through might have been too much. reporter: i will loom minute nations of marco rubio and what happened with him are clearly coming back. thinking about having a speech today, but maybe on thursday because of grind and gruel on all of this. you saw it from the president. david: president meets with house republicans. it will abyss say day tomorrow. blake burman. lauren. lauren: first thing i said his stamina is so impressive. bring in today's panel to talk about everything we just heard. jonathan hoenig, capitalist pij hedge fund and steve cortes,
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spokesman for the hispanic 100 and advisor for the trump campaign. both fox news contributors. good to see both of you gentlemen. steve, let me begin with you. i heard two main themes from the president. campaign of maximum pressure on north korea and america first when it comes to trade policies with asia and other countries. what is the takeaway that you got? did he tell you anything that you didn't already know or anything you want to hear as an investor? >> you know, he didn't tell me something we didn't know about his priorities. so i will concede that. there was not new news in that regard but there is news, that is that he took his policies of american, america first of economic nationalism, and no longer just a framework, no longer a theory during the campaign. it is actual policy he look literally overseas particularly to china. china has been, many ways an economic terrorist practically, taking advantage of the american worker, the kinds of unfair,
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unreciprocal trade agreements under the china the last administration and the bush administration. decimated the american worker when it particularly comes to manufacturing. those days are over. this president says when the american worker has a level playing field he is second to none. that playing field will be level again and he means it. lauren: that was loud and clear and received in asia for the most part. the dow at the end of the session down 138 points and the selling intensified as the president was speaking. tomorrow house unveils their tax reform bill. does this selloff get worse if they vote that down? >> there is a lot of factors at play here, first of all we're due for a selloff. when you see stocks like general electric, target, really starting to get hit. the whole market is starting to get weak. more new highs, new lows than new highs. to your point, guilding the lily, threat of a trade war
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which i felt that the president and steve are alluding to, or the fact that the tax cut does not get passed, that could be impetus finally causing investors after nine great weeks to push the sell button. melissa: not to mention oil down as well. we seem to have a triple whammy affecting the stock market now. is this a selloff, steve, a pull-off? where do you think we go from here? we needed a break. the market is up 30% this year. >> it is important to keep that in context, if context of rally we've seen since the election, the selling is not a big deal. i've been incredibly bullish a long time, basically since the election. i'm not as bullish. the reason is, not because of trump. it is opposite of the what is going on the hill. the squishy, establishment republicans particularly in the senate are watering down the trump proposals for tax reform. at least what we think we have will be a very tepid tax bill. it is not troops pourmational
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which -- transformational which is what we need. the market is saying you know what? we need profits here. what we're getting is not the the transformative tax bill we thought we would get from president trump. melissa: he said two straight quarters of 3% gdp growth, what you're hearing we can get the gdp four to 5%. thank you. david: by the way we should keep in mind, that the senate has lost one of its votes. senator ron's johnson said he is not, a republican said he is not going to vote for the tax bill as it is now. he may change his mind before it comes to a vote in the senate. that might have had some effect what is happening in the markets, the dow ending down 138 points. throwing a twist into the tax reform debate, senate republicans moving to scrap the individual obamacare mandate in their version of the tax bill. adam shapiro is live on capitol hill with the latest on this
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surprise. right, adam? reporter: a bit of a surprise but as is would be the key phrase, right? ron johnson, senator from wisconsin, let's show, we have a picture of him said he would not vote for the bill as is. he has some disagreements over the big corporate tax breaks being done versus the tax breaks for small business and pass-through entities. if that can be worked out you can bring ron johnson back on board. i spoke with senator inhofe a few minutes ago, this was disagreement between ron johnson and senator pat toomey. it exploded at lunch they had yesterday. but they are confident they can bring ron johnson back in the fold. the key issue for democrats is that the obamacare individual mandate repeal is part of this but they're also upset with some of the income tax cuts for individuals that are going to expire. but listen to what ron wydennen, he is ranking member on the senate finance committee, the democrat, had to say where tax reform is headed. >> the republicans apparently
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couldn't get through lunch without hatching another plot to go after americans health care. apparently sometime between the salad course and the entree it was decided that permanent corporate tax cuts should be paid for in part by kicking 13 million americans off their health care, and raising premiums for millions more. reporter: and we expect a vote in the senate either in the senate finance committee either late tomorrow or friday. back to you. david: adam, thank you very much. here is art laffer, former reagan economic advisor, laffer associates. they deprive people from their health care and probably eat little children for lunch tomorrow. is that any rhetoric will have effect on the american public? >> i don't know if it will do,
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david, but getting rid of the mandate is absolutely wonderful. people who choose not to use obamacare, you're taxing them for making a choice they think is correct for them. i don't see how that can ever be bad, giving people a choice and not taxes them as they don't choose your obamacare. david: as you just heard, the result of that will be four million people losing their health care according to democrats. that is -- >> not losing. david: that is what they say. do you think that will have any resonance? >> that is not true. the only reason they're buying it from the government because they would be taxed if they don't. that is not really losing your health care. that is making the choice of your own. these guys can still get health care if they want to. no problem with that, they just won't be taxed if they don't. david: here's the problem though, art. not only having an effect in the news media as everybody hears that sound bite played over and over, but also having an effect with republicans. republicans now are thinking of passing this amendment, called the alexander-murray amendment.
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that stands for lamar alexander, republican, and patty murray, democrat, this is move to put subsidies to insurance companies back in. that is the price to pay for getting rid of the obamacare mandates. is that a worthy price to pay for that? >> you know, i don't think so. i don't know why you would put subsidies back in either. it doesn't make any sense. it will just raise the cost to everyone by the amount of the subsidy. people aren't getting it any cheaper, david. david: is it a deal breaker for art laffer if they put subsidies back in, if the alexander-murray amendment passes, would that make it unpassable in your mind? >> i'm not a voter in the senate, david, i'm really not. how i would vote if i were senator i would have no idea i think i really like the corporate tax rate reduction. david: but you want it now. you were going to talk about phase-in. this happened in the 1980s, rather than officially putting in tax cuts reagan wanted in
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1981, they phased them over two or three years. look at that down bar. we had a recession, a very, very severe recession, negative 1.9% in 1982. that didn't need to happen. if we had had the tax cuts put in immediately, we probably wouldn't have had a recession, at least not that severe. if we delay the corporate tax cuts this time, will we have a recession as a result? >> it will work itself against the economy. make it a lot worse than it should be. no reason for deferring, really delaying. there is no phase-in here. just postponing one year. that will hurt the economy substantially as a result of that delay putting it in. i know they're talking about 100% expenses will offset this, but that is not true, david. david: right. >> the choice is, 100% expensing or 35% tax rate or 100% expensing, or 20% tax rate, which would you choose? businesses will choose the
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second one and rate a year to do it. there is no incentive to reduce amount of sheltering. no incentive to reduce evasion. corporate tax reform, bringing businesses back and all the fast specs will be put to pasture and it is wrong thing to do. i'm not a senator. i'm not a voter. so i will not tell you how i would vote. you know what i like and know what i don't like. david: i know what you like. art, i heard from business who say we will delay, if there is delay in the tax cut. >> i can't hear. david: we were planning to start a new business in -- 2018. i kind of felt, lauren he was losing his earpiece there. lauren: he is not ignoring you. the earpiece is falling out. david: we've had earpiece crises before. we'll survive this one. lauren: this is what we have coming up. crucial tax coat coming -- stret coming in the house next 24 hours. do republicans have the votes to
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pass? congressman dave brat will tell us what he thinks now. david: general jack keen will join us with his take on those remarks. >> congressman jim jordan will tell us why it is so special for a special counsel to investigate the clintons and former fbi director james comey. >> sure looks like a major political party was working with the federal government to then turn an opposition research document, with some "national enquirer" story into an intelligence document. ♪ down markets. so you can head into retirement with confidence. brighthouse financial established by metlife. [lagale force winds,s absolute chaos out here! accumulations up to 8 inches... ...don't know if you can hear me, but [monica] what's he doing? [lance] can we get a shot of this cold front, right here.
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every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> what will it take to get a special counsel? >> use the proper standards. that is only thing i can tell you, mr. jordan. you can have your idea,
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sometimes we have study what the facts are, evaluate whether it need as standard. >> let me ask you this. >> if it requires a special counsel. i would say looks like is not enough basis to appoint a special counsel. david: attorney general jeff sessions telling ohio republican congressman jim jordan his thoughts what would be needed to trigger appointment of a new special counsel to investigate hillary clinton and dnc, and fbi connections to russia. here is congressman jim jordan. he was leading that conversation. boy, terrific questions you asked of the attorney general yesterday. congrats. he said looked like is not enough for a special counsel but isn't that exactly what was used to appoint robert mueller? i mean there was no crime. it was just things looked like there was a russia connection? >> to date, after months of this investigation, we found no collusion between the president and russia. so, but what we do know is, major political party through a law firm financed this dossier, this "national enquirer" document, put together, they
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financed this dossier, it certainly appears the author of that dossier, christopher steele, was being paid by the fbi. it also looks like that dossier was turned into an intelligence document, taken to the fisa court to get warrants to spy on americans associated with the trump campaign. that should not happen in this country. that is not supposed to be how it works. at that is what we want investigated. in addition to the uranium one issue and host of things happened in 2016 relative to james comey. david: you hear this expression, in a lot of journalism and law, you have to connect the dots. you connected a extraordinary sequence of dots there. do you have any evidence in fact that the fbi was paying either fusion gps, the group paid by the dnc, or somebody else that in fact the fbi was involved in paying for the trump dossier? >> great question, david. it has been reported that christopher steele was reimbursed. it has been reported that several times he met with the fbi, giving them reports that became, that were compiled and
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put into the dossier. so i asked, first question i asked mr. sessions yesterday, did the fbi pay christopher steele? he didn't answer the question. i don't know why you can't answer that fundamental question. we have staff who works for us. fourth district of ohio, i know who is the staff are and what they get paid. why does not the justice department who is head of fbi could -- david: could he tell you in some secret session? >> maybe, they would say, i don't confirm whether there is investigation. this could be part of an investigation. this could be part of mueller's investigation. all i want to know, did you pay him? that is important piece of information that would show there was maybe this link going on between our government and a major party to do harm to the other party's nominee. david: so far you have mr. mueller going after one individual for his connections with turkey. going after another individual for his connections with ukraine. here is a case where there is a direct russian connection between a u.s. firm, fusion gdp. >> yeah. david: that was paid for by the
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democratic national committee, which by the way we now know was controlled essentially by hillary clinton directly according to donna brazile. there is a direct russian connection. why isn't robert mueller look into that or is he? >> we don't know but he should certainly seems to me. that is why we called for a second special counsel to look into this and all the other issues. you're right, david, money went from the dnc, the clinton campaign the law firm, perkins coie and some was made to russians to give information. that is how that works. david: right. >> if that is not some kind of a coordination, i don't know what is. david: uranium one, the president says the biggest issue involving russia and individuals in the united states. that really, does that require another separate counsel or could that be kind of melded in with the new special counsel? >> i don't know how you meld it in. would seem to me mr. mueller would be inherently compromised because he was the fbi director at the time when it was
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discovered there was informant telling the fbi about kickbacks, bribery, with businesses associated with russia trying to do business with uranium here in the united states. according to news reports he didn't tell congress, didn't tell the country. most importantly he didn't tell the committee charged with making a decision whether the rain july one deal went forward or not. david: is he free to tell you about that, is? he. >> i think he could. he was the head of the fbi when -- david: no, i'm talking about the informant. is the informant now giving you specific evidence. >> great question, yes, about the corruption inside at that russian agency? >> we have not met with him yet. that is scheduled to happen. we need to talk to the informant. hear what he has to say. david: terrific work. thankthank you very much for beg here. >> thank you, david, take care. lauren: we have breaking news. cisco shares are up more than 3% after-hours following a slight beat on first-quarter earnings. for the current quarter the tech giant sees revenue rising one to
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3% from prior year period. that is better than the average expectation. shares are up 3.5%. david: not bad for cisco. outrage on the left and the right over roy moore, defiant remaining in the alabama senate race. following allegations of sex misconduct with minors. in an hour, he will have a press conference. mike huckabee is here after the break. >> what do you think i'm going to do? why do you think they are giving me this trouble? why do you think i'm being harassed? ♪ ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence.
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from his campaign. here is former arkansas governor, mike huckabee, fox news contributor. the question we want to know, is moore going to drop out of the race? >> i doubt it. sincerely doubt it that roy will say, i will fold. my mother never cursed ever, my dear late mother, she were alive today this is a mell of a hess. and it is. do you believe the women? you want to. you never want to doubt somebody who likely had something like that happen to them. do you want an election to be decided by as of yet, unproven allegations before an election that could upend, not just an election but a family's life? lauren: right. so what do we do now? can they push back, the special election that is happening december 12th? >> no. it is on the calendar. they have to have it the 12th. the real issue, alabama voters
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have to decide. maybe the decision will be we will vote like we would vote before we heard any of this. if after the election, it turns out we can verify these allegations, we'll ask the senate to, expel him. lauren: roy moore is banking on the fact that his base in alabama is going to vote as you say, as they would before all these allegations. listen how he address ad baptist congregation. >> after 40 years fighting this battle, i'm facing allegations. that is all the press want to talk about. but i want to talk about the issues. i want to talk about where this country is going. if we don't come back to god, we're not going anywhere. >> right. lauren: is that a good strategy, come back to god? >> i mean probably what he would say at a baptist church. i think there is no way not to address very specifically these issues. last night on fox news channel sean hannity said, he has 24
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hours to give a valid explanation that is satisfactory. that is one of the things that is causing supporters, not to abandon him but just to say, what if? i think ultimately answer may be, he should sue the women or the women should sue him. here is why i say that i know that would be normal to say, don't have a lawsuit, but in this case it is valid. why? because everybody has to go under oath with the penalty of perjury. the only way we may ever know is that somebody sue somebody, and get all of the principles involved -- principals involved. lauren: find out what happened, years, and years and years ago. another option here is a write-in candidate. mcconnell is suggesting that be the current attorney general jeff sessions. a, is that possible? and, b, let's say it were to happen, does that split the republican party and ultimately guarranty a deep, red, senate seat goes blue? >> it is possible. at bam has it as a provision.
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it is not likely, you have to spell first and last name of the person right. jeff sessions has to be jefferson. how many people say that what if they say session, not sessions? it is not a valid vote. i think disasterous vote and strategy that fails. go ahead and elect the democrat. lauren: what did your mom used to call it? >> a mell of a hess. lauren: a mell of a hess indeed. you have to remember donald trump won alabama by 28 points. he was putting his money and his support behind luther strange. >> you noticed donald trump walked away without answering that question, why am i here? no, it's a tough one. i don't think anybody enjoys this. look, nobody, but nobody wants to ever dismissal mitigations of sexual misconduct and in any way disrespect those women. but you also step back and say, these allegations coming just
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before the election, how can we prove that they did happen or didn't happen? and if we can't, i think -- lauren: why they coming now? why didn't they come before the special election in september? >> when republicans, spent $30 million trying to defeat roy moore and thought they would and they didn't, i don't know. i can't answer that. lauren: we'll see, in about half an hour at that press conference. what's new. governor huckabee. so good to see you. >> thanks, lauren. good to see you. lauren: david? david: this is a mell of a hess speaking of that. do you love your pet so much you wish you could clone them. now you can for 50 bucks at biogen pets in texas. the exact dna of the donor pet. right now they are only cloning cats and dogs. here is my little luna. i'm not sure she is replaceable at all, lauren simonetti. lauren: hidden dangers of a
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growing epidemic. one of the leading causes of death in the united states is on rise. we'll talk about dr. marc siegel on the warning signs you need to watch. all that coming up. david: the looming battle on tax reform. the senate throwing a curveball into the tax reform debate, as the house prepares for a big vote tomorrow. can gop lawmakers get this done? congressman dave brat of virginia is here next. ♪ building a website in under an hour is easy with gocentral...
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david: breaking news. republican senator ron johnson modifying a bit his earlier remarks condemning the gop tax plan saying, quote, unfortunately neither the house nor the senate bill provide fair treatment, so i do not support either in their current versions. i do however, look forward to working with my colleagues to address the disparity so i can support the final version. so, can the house and the senate assuage ron johnson during their conference on the tax plan the next couple days? here is now virginia congressman dave brat, house freedom caucus member. dave, good to see you. >> thanks, dave. david: the problem that senator johnson has with the bill is same problem that a lot of small business have, that they think they should have the same tax rate that the big corporations do. it should go down to 20%, not the 25% in the gop bill. is that negotiable at all? >> yeah, it is negotiable. last week we got good news.
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nifb, small business lobby was a no on our bill. they wanted additional fixes with the s-corps and pass-throughs. met with the leadership. made modifications, gave them a lower rate. senator johnson wants to do a little bit more. i think that is within range. if we pull in the individual mandate, repeal, get rid of that, that provide us with $320 billion to work with, that can head toward the s corp fix. so i think there is good news. i remind people, you compare yourself and your product with the runner right behind you. the democrats and progressive budget month ago, raised taxes 10 trillion. raised spending 11 trillion, have more debt and deficits than we do by cut taxes. we're going through details. we want to get it right. we would love to tell every american you're getting a tax cut.
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we're right not there yet. david: good news ron john is not an absolute no. maybe the conference will deal with it. what about something coming from the senate side. we had art laffer on. nobody knows moving more than the taxes than he does. if you delay the corporate tax cut a year, businesses will delay the business decisions for a year, the economy will slow down to a stall, if not go into recession, which you say what? >> i agree with art on most everything. i think he has the basic logic right there. plus you add in political risk, right? you pass it with a year delay, who knows what this place will do next year, right? so corporations scratch their head, come on you guys, shoot straight. get it right now. david: can you talk senators out of delay in the corporate tax cut? >> i think we can. if we get rid of the health care piece and 320 billion, part of this the senate, they owe us a little bit, right? if we had obamacare repeal we
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would have a trillion dollars in taxes left to lower rates for the middle class and corporations. david: good point. >> they owe us one here. we did the tough stuff and got it right. so the last thing we need is the alexander-murray bill being thrown in. that is a monster. that is a nonstarter. david: i am getting the wrap but what is the whip count? what does the whip count tell you now? will it pass tomorrow? >> i think we got it with 10 to spare. it is good news. it will be morning in america again,. david: we need tax cuts. congressman dave brat, thank you very much. >> thanks, dave. lauren: north korea's newspaper is calling for president trump to be killed for insulting their leader. should the u.s. feel threatened or is this just harmless rhetoric? retired four-star general jack keane is here to discuss. ♪ g today. and, how's it looking? >>i don't know.
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>> president xi recognizes that a nuclear north korea is a grave threat to china and we agree we would not accept a so-called freeze for freeze agreement, like those that have consistently failed in the past. we made that time is running out and we made it clear, and all options remain on the table. lauren: president trump speaking just moments ago on his trip to asia and north korea. this as china has sent an envoy to the rogue nation. here now retired four-star general jack keane, a fox news contributor. general, is this a coincidence, the president goes to asia, meets with xi xinping and then they send an envoy to north korea? >> unlikely. there hasn't been one there in couple of years, at least at ministerial level. i'm sure as a result of this last bilateral meeting he had with president xi.
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listen, we've known for some time this is really in china's hands. the president made progress here no other president has made. he has gotten two u.n. resolutions with china supporting them, to denuclearize north korea. he has china publicly stating same policy that president trump is stating, denuclearize north korea. that is progress. they are sanctioning north korea in a way they never have. so that is all moving in the right direction. however, there is a possibility that xi still does not believe the president when the president says i am not going to accept a nuclearized icbm north korea, and i would take some kind of a military action to prevent that from happening. if he didn't believe that, then he likely is not going to denuclearize north korea. if he does believe it, i think he will continue on the path. lauren: do you think there is a chance that china is appeasing the u.s., saying yes, we're working to contain north korea and their nuclear ambitions but we really just want to back
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washington off worrying about the control that we want and have in the south and east china sea? >> that is the point i was making. if he didn't believe that the president would take military action he is going to continue to say policy -- >> think the president will take military action? >> yes, he will. lauren: that is not good for anybody in the region, south korea specifically. >> no it is not. obviously a horrific choice, one we should avoid. it is not in china's national interest to a war on korean peninsula. this president of china is most ambitious president since mao tse-tung. he revising order in the pacific. he has global ambitions to replace the united states as the global power in the world. he has stated all this what he wants to achieve geopolitically and economically, certainly a war in north korea flies right in the face of that. lauren: what are the chances
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that kim jong-un and xi xinping meet? that they actually meet? >> it is possible but i think it is unlikely. i don't think president xi would give him that kind of legitimacy, unless, unless, there was a commitment to denuclearize. lauren: they do business with north korea, right? >> yeah they do a lot of business. lauren: so why wouldn't they? >> that is a huge amount of legitimacy. lauren: yeah. >> what is regarded by most, most countries in the world as number one thug and killer in the world is kim jong-un. lauren: i know. as trump likes to say on twitter, a short and fat man, who i don't think he ever left the country, do i have that right? >> if he tried to leave the country would likely have difficulty getting back in. lauren: we'll leave it there, general. thank you. david, over to you. david: he would have trouble getting up. a health crisis most americans don't know about. nearly one in four adults don't realize they're living with a deadly condition. so how can you protect yourself?
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lauren: breaking news to get you. reuters saying that mattel snubbed hasbro's latest acquisition attempts. basically a toy deal here would put barbie, my little pony, tonka trucks, hot wheels all under the same umbrella. david: your little pony? serious business here, diabetes is the 7th leading cause of death in the u.s. it is getting worse. the cdc saying over 30 million people have diabetes. almost a quarter of them don't even know about it. how do we deal with a growing threat to our own lives and those of your family? here with more, dr. marc siegel,
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fox news medical analyst. dr. seek -- siegel what is causing spike in diabetes? >> 85 million have pre-diabetes. they're almost there. the thing causing spike of over 100 million with diabetes and pre-diabetes is weight. we have a problem in the united states. 2/3 of americans, 160 americans are overweight and obese. we don't do enough. we're too sedentary. we don't exercise and eat wrong. that brings on a spike in diabetes. the more you weigh, more insulin you need and you may not have enough. david: is it really that simple? i know a lost diabetes is genetic and so forth. if you do conquer the weight problem, you can conquer the diabetes problem? >> i want to give a nod to your point. it is not only weight. genetics plays a role. given the genetic factor, less you weigh, less likely you have diabetes. we have only certain number of
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receptors for insulin in the body. the more body you have, the less receptors, more likely you can't get rid of the sugar. it is simple, can i metabolize my sugar or not? if i can't you have diabetes. david: maybe it is too late before you learned you can stop it by you're slimming down, can it be reversed once you get it? >> yes, yes. i want people out there to know about the warning signs of diabetes. tingling in the fingers. blurry vision. gaining weights. that tingling could be a first sign or blurry vision. you have that, you better see the physician right away. you may be on the road. how do you reverse it? exercise is one way. losing weight is another. cutting caches out of your diet. getting rid of bread, pasta, rice, cookies. it noise easy. people don't realize bread is the problem. i won't have cookies and cake. bread is a big problem. david: can save your life. >> want to help america lose
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weight. david: thank you. lauren: a sip that spoke 1000 words. president trump's marco rubio moment next. that can't be true, can it? actually, it is true. and with heart disease, your risk is even higher. in fact, cardiovascular disease is the #1 cause of death for adults with type 2 diabetes and heart disease. but there is good news. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event ... that's good to know. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain,
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tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. isn't it time to talk to your doctor about jardiance? absolutely. ask your doctor about jardiance. and get to the heart of what matters.
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>> you can have a piece of presidential history and you can eat it too. done donald and melania trump's wedding cake up for auction at $250. >> carve id: i think its gone up to 600. it was sent home as a guest with a wedding favor and expected to sell the cake for between one and $2000. by the way it's 12 years old so don't try eating it and speaking though of president trump-- >> trump taking a moment to re
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hydrate during today's news conference at the white house causing many to draw comparison to senator marco rubio's water break during the gop state of the union response back in 2013. >> david: how similar does that look. let me see that again. the senator taking a jab at president trump, tweeting just moments ago, "similar but needs work on his form, has to be done in one single motion and i should never leave the camera but not bad for first time." now we did mention this is a president whose been traveling non-stop, half way around the world for the past eight days now. >> 20,000 miles. >> david: he's done a lot and probably dehydrated just got off the plane a couple hours earlier but having said that if you can give it you've got to be good at taking it right? >> the president drinking fiji water looks like, marco rubio? >> david: there is a message there? >> late night shows will find
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one. >> david: you'll see a lot in the next couple days. hat does that does it for us. risk & reward start starts now. >> liz: we've got breaking news alabama senate republican iodate roy moore his lawyer set to speak soon on the recent allegations amid calls for moore to step down from the race. a key alabama gop meeting of alabama republican steering committee, they're going to meet at 4:00, so we are monitoring the event for any breaking news this steering committee has the power to say to roy moore you should not run. president trump says giving his first major statement that he promised after his return from asia, saying 21 world leaders agree for the very first time to fair and reciprocal trade. we're going to break that down and see if that holds up as well as the deals in the jobs impact and the 24 hour clock ticking on the house tax reform vote the president will address the house right before it this as we have major new developments with
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