tv After the Bell FOX Business December 11, 2017 4:00pm-5:00pm EST
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there are a lost guinea pigs. i think justin bieber will go first. [closing bell rings] you get to witness a record close for the dow and s&p 500. that will do it for the ""claman countdown." join me tomorrow. david: we have fresh records on wall street despite chaos in midtown manhattan. dow climbing to a new record close. s&p 500 ending the day in record territory. hi, everybody, glad you could join us. i'm david asman. melissa: i'm melissa francis. this is "after the bell." more on the big market movers. here is what else we're covering in the very busy hour. terror striking the heart of new york city. [sirens] >> this is new york. the reality is we are a target like many who would like to make a statement against democracy, against freedom. melissa: the second attack in just two months.
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a man wearing explosive device detonating a bomb inside of the city's subway system. an investigation is currently underway into the suspect. his background and his motive. how the effects of the attack are spreading across the country two weeks before christmas. plus president trump is looking to deliver on tax reform. new details on the president's closing arguments to overhaul our nation's tax code. we'll take to you the alabama where it is the final day of campaigning between republican roy moore and democrat roy jones. david: less than 24 hours away. meanwhile a recap of the markets. the dow shrugging off a attempted terror attack in the financial capital of the world, closing at a new high for the 66th time under president trump. nicole petallides, any sign at all there was a terror attack in this town? >> you're absolutely right. the markets seem to be unfazed. unfortunately these events are terrible but at the same time
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the markets have really become somewhat resilient because we've had so many here at home and around the globe to be more precise. that being said, any gain for the dow and s&p, record closes. you're seeing a record for the dow, a record for the s&p 500. the 83rd record since the election for the dow jones industrial average. we've had three weeks of gains for the dow where we gained 970 points. apple, set up today, moved to the upside. up close to 2%. best move, best gain for apple in five weeks. that gave a boost to all three major averages. the vix by the way on friday had the fourth lowest close and the vix pulled back again. i want to get to bitcoin. this is the top story, right? started $1000 at beginning of the year. broke through 18,000 earlier.
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it was up $1216. you can see it was a big mover nonetheless. we're watching it closely. this has been all the rage. we have so many stories of people believers and those that are cautious. >> does seem to be a pyramid scheme. hey. david: those who are making money off it, good for them. nicole, good stuff. thank you very much. appreciate it. melissa. melissa: terrorist steps away from times square. an investigation is underway after an explosive went off in one of manhattan's busiest commuter hubs at the height of rush shower. police say the suspect who is in custody, had a pipe bomb stuck to his body when it went off. colin mcshane is live in times square with the latest. reporter: we're learning more throughout the day of that 27-year-old suspect, akayed ullah who came to the united states from bangladesh seven
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years ago legally. he took advantage of reltis already living in the country to take advantage of what is known as a chain migration visa. this program, chain migration programs as we heard sarah sanders say earlier in the white house briefing room president trump wants to eliminate. listen no the president is certainly concerned that congress, particularly democrats failed to take action in some places where we feel we could have prevented this, specifically the president's policy has called for an end to chain migration and if that had been in place that, would have prevented this individual from coming to the united states. reporter: but of course, it was not in place, so this individual when bid campus here did so on a completely legal basis. he has lived in brooklyn for some time. worked as a new york city cab driver for some time. this morning showed up here just behind me beneath the port authority terminal, entering a subway tunnel, walking alongside commuters on their way to work
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at 7:20 wearing this explosive device strapped to his body. the device went off. there was an explosion. fortunately for all involved it was a relatively small explosion. here is the mayor. reporter: the choice of new york is always for a reason. because we're beacons of the world and we actually show that society of many faiths and many background can work and we showed a democracy can work and our enemies want to undermine that. terrorists want to undermine that. so they yearn to attack new york city. reporter: this particular attacker, attempted attack as the mayor dubbed it earlier today, melissa, certainly could have been a lot worse. only three minor injuries. the most serious injuries were sustained by the attacker himself who sustained serious burns after that device went off. as we go into the evening commute, by looks of things it is pretty normal monday
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afternoon in new york city. back to you. >> we all think about that every time we go down in the subway. that is what it is like to live in new york. i think about it every time what if someone had suicide vest. david: you see all the backpacks. melissa: it would be so easy. david: joseph jaclone retired new york city police detective sergeant. we hear there is no credible threat. he was saying the same thing a week ago, there was no credible threat. so was our guard down, sergeant? >> not so much the guard is down but month 1/2 ago with the other attack he said there was no other credible threats either. apparently this will be ongoing thing we'll have to deal with. the intelligence apparatus has to work quickly to gather the information and see if they can do something with it. whether the guy gave us any hints or tips to any family members we don't note just yet.
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but if he was just flying unthe radar and just does his own thing it is impossible to stop, david. david: people are in new york are beginning to wonder the phrase no credible threat is the excuse not to do tougher stuff to prevent something like this? >> it could be but it also could be the fact they're talking about that instance, the moment there were not any additional devices in garbage cans around the subway system, that kind of thing. that is what they're referring to. from a larger scale of this, i think there are a lot more people out there, unfortunately like this gentleman who wish to do this they have been radicalized somewhere. david: no doubt, i have no doubt of two things, that there are a lot of people out there would like to do damage and we have the largest and best police force internally in new york city, i have the complete confidence with the
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fine men in blue. the problem is our politicians, saying no credible attack. governor came on, new yorkers are sophisticated, they would not let anybody go by with a bomb strapped to his waist. the fact they did. he got through with bomb strapped to his waist. should we have checkpoints? melissa talked about the all the backpacks in the subway? >> we should see all the inspections for the bags begin with the cops, entrances to subways to deter another event happening with the holiday season grows closer and people entering the city. i don't like politicians say we're resilient, go back to work. do your thing. this is the second time it happened in month 1/2. something needs to be done. we need to figure out what's wrong. david: i know you're with me on this, when we were looking at mosques known for cad call talk
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from the pulpit. things seemed safer. we had some control or at least know what was happening in the community that might stimulate one of these weirdoes to try some terrorist attack that was stopped, i believe 2014, that the aclu came in and stop thatted -- stopped that i know this mayor will not start it up again but should he. >> the internet itself is our biggest problem i believe. how placed on the internet keep on videos out there and never seem to take them down. you know what? maybe she should get fined for videos up there for a length of time before they figure it out. whether social media pages or youtube or what have you. that is really basis for this radicalization as far as i'm concerned. david: sergeant, good to see you. thank you for joining us. appreciate it. >> take care, david. david: melissa. melissa: republicans are racing
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against the clock to give americans the greatest holiday gift, a tax cut. david: yeah. melissa: president trump will speak to the american people on wednesday as he strives to check tax reform off his christmas list. adam shapiro is live at the white house. and, adam, where do we stand right now? reporter: the conference committee is getting to work although working behind the scenes, the house and senate fixing some mistakes that were made passing house bill and senate bill on tax reform for instance. there are disincentives for high income foal to work as pointed out in article in the "wall street journal" as well as problems for investors who might cash in on some of their invests. that has to be worked out. when asked about that, here is what sarah sanders, the white house press secretary said about fixing the bill. >> our focus and our priorities are making sure we provide middle class tax relief and simplifying the code, bringing businesses back here to the u.s. we'll continue pushing for that, to work with congress to make
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sure we get the best tax package as possible. reporter: i want to show you video of treasury secretary steve mnuchin. remember he said all along that the tax bill would pay for itself. the treasury put out a one-page statement analysis of the bill. it pays for it sell, in fact it would create a 300 billion-dollar surplus. but as critics point out the treasury statement acknowledges that is contingent, that is where they say it, we expect the other half of the revenue to come from changes, a combination of regulatory reform, infrastructure development, and welfare reform as proposed in the administration fiscal year 2018 budget. in other words it does not pay for itself unless congress does all those other things. not exactly, critics point out, what the secretary of the treasury was saying. they pointed to this analysis saying that it is in fact reaffirmmation the bill does not pay for itself. then you get charles schumer the minored leader in the senate,
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who says quote, the latest treasury analysis is nothing more than one page of fake math. when we went to school it was the new math. back to you. >> [laughter]. i laugh, adam, thank you. bring in today's panel. liz peek from the "fiscal times" and adam lashinsky from fortune. he is also a fox contributor, fox news contributor. that makes plea laugh. we can't even agree on math. quantitative. there is only one answer. we can't agree on that. adam, what is odds of this getting done, us getting to some finish point? >> i would say not so much fake math as made of up information all together. i think adam was fairly straightforward. the treasury secretary is making a few things up and saying wouldn't that be nice? that said to the question you ask highly likely a bill will pass. of the there are a bunch of
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things different between the two houses. they will horse trade and work it out because it is in their interest to make a bill to the president's desk. melissa: even when it is in their best interest to do something together, they seem, liz, to fight their way into doing something they should. i don't know that is foregone conclusion? >> i think that is a foregone conclusion there is tax cut bill. as far as chuck schumer, he and other democrat senators have been called out by "the washington post" and other news organization for spreading wrong information about this tax bill. they said it is not a tax cut for middle-class americans. it is. so will it pay for it self. honestly i don't think anybody knows. certainly the numbers look pretty good, even assuming growth less than 2%. most people are looking for better than that so the truth is we had to do this. most of the cut is on the corporate side or a good portion of it. it had to happen. melissa: adam, it is kind of intellectual dishonest when we sit there to try to predict what will happen to the economy as a
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result and predict what income will come in. we have truly no idea. there are some external factors. remind me when you study physics you use the weightless, frictionless pulley to solve. that doesn't actually exist. it is same sort of made-up things where there are too many variables. >> i don't agree to the extent that, making assumptions about what the impact will be is what making, is making policy is all about. that is the point. so critics can say, well, it is going to do this and that's bad. proponents are in fact saying it is going to do this and that's good. so i don't think it is dishonest to try to make assumptions about what the impact will be. melissa: you can talk about direction but when they try to nail it down, it will pay for exactly this over these years with this, you know what direction we're going in, and the over all effect, i think lowering corporate taxes will
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expand the economy and businesses will hire more and do more and quantifying that exactly is fool's game. liz, last word. >> henry paulsen pointed out that the fed has been wrong in its forecasting for 34 years. they have a lot of resources. so look, i think there is some elements of this bill at that have to be straightened out. as you mentioned earlier, there are some disincentives. i think republicans tripped over themselves to try to make sure the wealthy don't get any tax breaks whatsoever, so they have some problems here which they have got to resolve. they will. melissa: we have to go. thanks to both of you. >> thanks. david: one thing hurting businesses is with happened this morning in manhattan. every time there is even, even if it is not a successful terrorist strike. that looks like a busy street. melissa: not for us. david: if you know sixth avenue 4:15 p.m. new york time, this thing is logjammed most of the time. melissa: usually would like like they're all parked. solid. david: you see the big gaps. now of course, today is a very tough day, just to get in
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because of everything that is happening on the west side. if you live in new jersey, very tough to get into manhattan. a lot of people might have decided not to come in. it is monday when most of the theater district is dark. not helpful for business here. melissa: no. david: meantime new concerns over tax reform. we just heard some of them. we'll be hearing about one in particular problem that republicans are causing themselves really is they continue to look for a major victory this week. some investors are starting to sound an alarm over the senate's plan. next we have david macintosh, president of club for growth. he is here to answer one specific charge. melissa: it is the homestretch in alabama. the contest between roy moore and doug jones is heating up just hours before voters head to the polls. the surprising results in a "fox news poll." david: shocked to see that result. melissa: i was too. david: devastation in southern california. a massive wildfire. it is now the fifth largest in the state's history.
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david: individual investors woke up to bad news, tax news. small provision in the senate's tax plan mandates that investors sell their stocks in a way that could increase their tax bill. "wall street journal" spelling out details in an article entitled, smaller investors face steeper tax bill under a senate proposal. bring in david macintosh for club for growth. usually in the beltway. glad you're here making it out of the sausage-making capitol. this was supposed to reduce taxes not creed new one.
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>> this is small capital-gains tax increase which is against the growth effort in the whole tax bill. it's a dumb provision. the senate tucked it in hoping to get a couple billion in revenue. david: it is called first in, first out. we put up full screen. what essentially it is doing, mandating you bought apple at $30, you were really lucky and bought it at $300, you have to sell the $30 tranche first because that is the part that will give the government the most tax money. >> exactly right, david. it really hurts people who are buying stock all the time for their retirement. as the stock price is gone up, they will get hit with much high every taxes. ironically the swamp exempted the institutions. david: let's talk about that because some people say this is pure example of the swamp at work, the beltway swamp. >> yeah. david: exempted from this proposal for individual owners of stock like you and me are the mutual fund. >> right. david: the mutual fund themselves, clearly the mutual
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fund lobby got into the rule-making process. they convinced maybe based on donations, whatever, certain senators to go along. mutual fund are exempt for this but their individual clients are not. if you want to sell stock on your own you have to do it this way. if you're a mutual fund, no. >> that's right. it is terrible for individuals. in this conference they should extend the exemption to everybody. people who buy stocks on their own. people who buy mutual fund. then they won't be essentially doing a capital-gains tax increase. david: just to add something new, could the new tax bill itself end up being at least, if not more complex than the tax bill we have now? >> yes. you can't call it simplification anymore. they're expanding the number of brackets. they have a hidden marginal rate for highest tax payer in the house bill. what they need to do is department the corporate rate at 20%. that is tremendous. david: you think they will? >> i do think they will. we've signed a letter, 30 other groups signed a letter saying
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keep that at 30. we also told them keep the lower senate rates on individuals, so when "salt" is gotten rid of the pain is not that great because they have lowered the rates. frankly, what they need to do is focus on what is going to grow the economy. it is a good bill now. it can be even better. david: i don't know it's a good bill but bottom line i'm for anything that cuts taxes. government is getting too much money and it is better in the hands of private sector. will it at least do that, more money in the private sector? >> yes. 1.5 trillion will stay in the private sector. people can invest that. that grows the economy, create jobs, $4,000 for the average take-home pay annual increase salaries. david: will it pay off in time for the 2018 midterms so the republicans maintain the house and senate? >> this is where their little gimmicks come into play, if they kick it in in january, it will help. everybody credits to donald trump they're tempted to say wait a year, we can play
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around some more. that will be a dumb idea. david: there are a lot of dumb ideas in d.c. david, thanks for being here. melissa? melissa: defeating isis at home. the islamic in a state of collapse in iraq and syria but is the threat from the terror group growing in the u.s.? inspired by isis, the latest on the details into the investigation on the attempted terror attack in new york city. what we know about the suspect next. >> this was an attempted terrorist attack. thank god the perpetrator did not achieve his ultimate goals. ♪ and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too.
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low-tech explosive device during morning rush hour. the bomber was reportedly inspired by isis. he has been in our country for seven years. so did he have help? we have manny gomez special agent and mg security services as president. you were making an important point when we started this break, this is different for one big reason? >> the big difference is somebody wearing explosive device, apparently wanted to detonate it and take as many lives as possible. this would potentially the suicide bomber, the first one stateside. this has been happening overseas for years. this is the first one. >> i mentioned 9/11. people out in the audience are thinking that, you made point that wasn't explosive that was a plane. this is somebody who has been living here a long time who was will to blow himself up, when you think of the marathon bombers were setting something up and get away. think what happened here in new york city, with the driver, in chelsea. he was planning on a getaway.
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the san bernanadino couple definitely seemed like they thought they would get away. this is the first time somebody was blowing themselves up. >> yes. melissa: in a subway. what is the significance of that to you? >> the significance if there is somebody willing to lose their life to take other lives like we saw on 9/11 it is very difficult to stop. the only way to stop that is through intelligence and that's why that saying if you see something, say something, it is so important because we need to act as a force multiplier for law enforcement, be their ice and ears. they can't do it on their own. melissa: there is focus he was a chain migrant that the something president mentioned recently. been here seven years. nothing about his profile seems we know yet. i'm sure digging down they will find something eventually but in terms of screening to come in, is there anything that we learned so far that would jump out? no so far no. apparently he was off the law enforcement radar. this is somebody, i believe, had to have been talking to
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somebody, showed signs of radicalization or signs that he was had an issue or he was talking violent. that, those persons who heard that, even if it was his family had a responsibility to report it to the authorities. melissa: yeah. it does seem like it feels like, these things are accelerating. we're seeing it more and more? >> it does. it is getting easier to conduct these attacks. you have the vehicle attacks happening internationally. we have the firearm attacks. the scary part is that this is an actual explosive device on the person's body. hopefully there aren't any copycats. hopefully we bring down the websites teaching people how to make these homemade devices. >> manny gomez, thank you. >> thank you. david: all right. we are less than 24 hours away from polls opening in alabama. judge roy moore and doug jones are fighting for a crucial senate seat. where they stand in the polls and what both candidates are doing on their last night of the campaign and who will make it
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first. the senate vote on taxes, or the next senator of alabama? that fire, it is getting bigger. it is bigger than the size of new york city and boston combined right now. it is raging out west. coming up we'll talk to a business owner who runs a real estate company right in the line of fire. >> i have never even imagined that this was going to ever happen to us, that this would come this close to us. some people have lost their homes.
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david: the special alabama senate race gets even more special. a new "fox news poll" showing democrat doug jones up 10 points in alabama against republican candidate roy moore. melissa: whoa! david: if jones defeats moore, he will be the first democratic senator in the deep red state in 20 years. both candidates are preparing to hold dueling campaign events tonight ahead of the special election tomorrow. hillary vaughn is in midland city alabama with the latest. the reason it is important to melissa and me, because the next senator may have a chance to vote on the tax plan but i believe it will be after the election another 10 days before they are the new senator. maybe if it's a democrat the smart will be forced to get its act together to vote it in before the new senator is seated, right? >> right. i've been trying to talk to candidate roy moore exactly about that, how he would vote
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and how he would get the tax reform through if elected but secretary of state's office tells me they have never seen an election like this. they expect 20% of the voters to head to the polls. polls across alabama are ringing with big names sending out robo calls. former president barack obama and vice president, joe biden and donald trump turning out the vote for candidate. you mentioned that "fox news poll," jones ahead of moore by 10 points. that is problem for moore. this is one of the final times he has a chance to talk to the conservative base before they head to polls tomorrow. going to be here as well, steve bannon here tonight. a source tells fox news one of the special guests will be sheriff david clarke. a source close to bannon tells me what their strategy is here tonight with the stakes so high, writing, steve will lay out the case why doug jones is radical leftist democrat trying to take
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down president trump. jones and lunatic leftists like cory book remember desperately trying to intrade alabama to push trump out of office. jones jumping on reports that moore was out of the state over the weekend attending the army-navy game. those are unconfirmed reports but hitting his opponent. >> moore was not in the the staf a alabama during the weekend. you have covered politics a long time. when have you heard a candidate for office leave the state? >> jones is getting more face time with voters. moore is saying jones is pretending to be someone he is not. >> i think he's viciously attacking me because he knows his values, his standards, are not what alabama people find dear to them. he is basically paying -- painting himself as a moderate
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when in fact he is a very liberal democrat. reporter: now, david, there is still a chance some conservative voters that are not completely on board with moore would decide to write in their own candidate instead of voting for him tomorrow. david? david: we will be watching. hillary, thank you very much. melissa. melissa: here is dan heninger, "wall street journal" editorial page deputy editor and fox news contributor. first of all, i have my doubts about this poll because, "fox news poll," i know they're very scientific but here's my thought. the people in alabama don't like to be told who to vote for. they will not get on the phone tell you who they will vote for. i've been called by polers in new york. i never tell them. i'm not telling you who i am voting for. what do you think about my theory? >> well, i'm not going to bet against the fox polling. >> smart, very smart. >> to tell you the truth. i am shocked at the lead jones has in this poll, 10 points. nobody saw this coming. this is going to be a turnout election. there is no question about it. and roy moore, it was kind of
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his to win until, you know, people started focusing on what was going on and if you look at the poll numbers his lead among men is down to 3%. melissa: wow. >> behind among women, especially younger women, certainly among blacks. that is the purpose of robocalls from cory booker and president obama, get blacks to come out and vote. typically they don't vote. the democrat always loses. this election depends crucially who shows up. one other thing, melissa. melissa: yeah. >> in the primary when roy moore ran against luther strange. he won the rural vote but lost around birmingham, shelby county, upper middle class suburbs, named after the family of senator richard shelby who came out against roy moore. so at the moment it looks like mr. moore has an uphill climb. melissa: yeah. so, let's talk about what would mean for tax reform and everything else. they're talking about they're trying to jam it through before
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that senator, whoever won would be seated. what do you think is the impact? >> well, i think that the senate, certainly intend to try to get that passed so that the current senator, luther strange, can vote for the tax bill. roy moore is a little bit of a wild card since he has run so much his campaign not against doug jones as he is now, but against senate majority leader mitch mcconnell. melissa: yeah. >> made mitch mcconnell the devil. mitch mcconnell is the fellow pulling the tax bill across the goal line for donald trump. there is a lot in play here. inconceivable to me roy moore could come to the senate and vote against this tax bill as his first act. melissa: doesn't look like he is coming to the senate, given those polls. who believes polls anymore? i don't know. do you actually believe -- it is not surprising to me he is down. i'm saying no matter what the poll says i have know doubt. >> 10 points. if it had been three or three or
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four points range of statistical error we don't know what is going on. 10 points is a lot. seems inconceivable that fox's statistics are off. melissa: we're god at math, dammit. but. >> looks like the race tightened up. that it will be very, very close tomorrow. melissa: we'll have to watch, dan. thank you very much. david: breaking news in the media front. "new yorker" magazine star journalist ryan lizza fired amid allegations of sexual misconduct. cnn i was already reeling in light of their corrected story last week on president trump says they are suspending the contributor and political journalist as they look into the matter. melissa. melissa: major terror defeat. coalition forces destroying isis in iraq annihilating the terror groups once expansive caliphate. david: as gains are made overseas what security concerns await at home? coming up next, peter brookes,
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models during the season of audi sales event. david: draining terrorists of a home base. iraq declaring victory over the islamic state saying that country is clear of any major isis elements and in syria russian president vladmir putin saying he is pulling russians out because the terrorists are almost gone there as well. but, what about terror attacks here in our home? here to react is peter brookes, heritage foundation senior fellow. peter, is the caliphate finished a least in iraq? >> you're talking about caliphate, the state itself, it has crumbled but i don't think that is the end of the islamic state or isis as it is also known. they could certainly return to their roots as an insurgency david, as they started. there may be 3,000 or so fighters in that region according to some estimates.
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they can attack, they can have the home game there in iraq and syria. there are other places they're operating, afghanistan, the sinai, libya, yemen. parts of africa we had the terrible attack on u.s. forces. they look at the far enemy which is us and europe. there are concerns over the holidays. david: before we leave the mid-east i look at syria in the left of the screen. when i hear putin say anything i'm skeptical, but what he says pretty much gone syria as well, i am a little skeptical. are there pockets still where isis does have control of territory. >> iraq has a better handle on their own country than syria where there is civil war going on. one group previously called al nusra. it has new names. it was al qaeda. for a long time they were very effective fighting force there. that is something we have to think about. syria is much more tumultuous than iraq is in terms of isis. david: then we have something
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been termed the cyber caliphate. that is the kind of cyber warfare that leads people like the guy who was apparently responsible for the attack here in manhattan today to do what they do. how successful can a cyber caliphate, without a piece of land to call their own be? >> that is a really good point. we've been talking a long time about isis as a cyber superpower, and they were. they used a lot of social media. they have been able to inspire people, radicalize them, recruit them, over the internet, openly or through encrypted communications. this is a way for them to reach out much further than their area of operation in the middle east or other parts of the world to get people to do things. we don't know the data on this individual yet. it is certainly a possibility. david, we have the possibility of return of foreign fighters as well. david: right. >> remember tens of thousands went over there. they could return. but they could also recruit people to undertake terror
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attacks beyond where they actually are. david: in addition to everything you mentioned, we also have the chain migrants like the suspect in today's attack and the suspect in the attack that mowed down eight people here in manhattan last spring. the question is, how much, it is kind of a shift in gears here, how much is this whole chain migration program causing us headaches here in the united states? >> fundamentally, david, most of our terror attacks are homegrown. they are not people that went abroad came back or people from overseas. that is something we have to understand. that is where isis and al qaeda has been successful here and in europe is getting people to do that i'm not an immigration specialist but we do find some of these attacks are people that have been here in the united states and this individual came before isis, anybody was even talking about isis, right? david: right. >> seven years ago. but our problem right now has been, we've had over 100 terrorist plots since 9/11 is
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fundamentally a homegrown one but we have to worry about the movements as well. david: peter thanks for being here. melissa. melissa: wildfires raging through california, the wind picks up. thousands are forced from their homes while firefighters are struggling to keep blazes from spreading. personal story coming up next. usaa to me means
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melissa: thousands of firefighters in southern california struggling to contain the thomas fire which has torched more than a quarter of a million acres since it started a week ago. more than 94,000 people have been evacuated. our next guest was evacuated twice but is now safe at home. let's bring in joe capp on the
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phone. he is owner of joe kap real estate in ventura county, that is industry especially taking a hit because of fires. tell us what it was like to be evacuated twice? >> well, it was pretty interesting. my wife and i were at home in our house at about 11:00 at night and her sister called from moorpark, saying you know there is fire headed your way? i went outside and looked. the whole sky was aglow. melissa: wow. >> we packed up and headed to my son's house in different part of the city. stayed there until 3:30 in the morning. looked up, half a block away, a wall of flames looked 100 fight he. i'm nowsure it wasn't 100 feet. we packed up and went again to moorpark to her sister's house. just weird. you kind of do what you have to do at that second. melissa: yeah. you are back home now, right.
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did you have any damage? >> no, we were very, very fortunate. obviously several friend, one just left looking for a rental who had his house completely destroyed. our is mainly just very, very smokey, ashes everywhere. but compared to five or 600 other people -- melissa: we talked to many people who even though their homes survived like you said, the air quality, everything is smokey and dirty. takes such an incredible toll. you're in an industry where you're buying and selling real estate. what do you think is going to happen with that? >> well, the immediate thing is the rental market there is such a low rental inventory anyway. now you can imagine with couple thousand people homeless, that the tax on that. hopefully our people are, you know, that own houses don't try to gouge, get high rents. our position is whatever the
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market was for the fires we'll ask for rent now. melissa: although i understand you're trying to be compassionate but at same time it is one of those things where demand has gone up dramatically and you don't have enough supply. i don't know, people that have things to rent, you could see why they would, it is not gouging if it's a little more. you think it is fair to be exactly where you were? >> well, i do. that is just our opinion right here. you know, not to gouge people. you know, terrible what happened to people. sure, i mean there is going to be bidding wars and probably offering more money. we've never been through anything like this. but, i just don't think it is right to take advantage. i have heard the story, well insurance companies are paying for it, what difference does it make? insurance companies are people too. melissa: do you see people leaving the area as a result, like you said, no matter what the price is, it sounds like based on inventory there won't
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be enough places for people to live when it is all oaf? >> what i have seen people just looking for something in the area. we have a wonderful town here. just don't want to relocate. melissa: yeah. all right. well, thank you so much, joe kapp, owner of joe kapp real estate. we appreciate you coming on. our thoughts and prayers for everyone in your area. hope you're able to rebuild and move on. >> thank you very much. david: tough job. breaking news on the home front. comcast dropping its bid for twenty-first century fox. this is according to reuters. this leaves the walt disney company as sole suitor for now. we'll sew what happens in days and weeks to come, melissa. melissa: all right. and we'll be right back. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains
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highlights the urgent need for congress to in fact legislative -- america must legislative reform, i think that was supposed to say. they must fix the relax legislation system, which allows far too dangerous inadequately-vetted people. david: all right. risk and reward starts right now. [sirens] >> approximately 7:20 this morning we had a terror-related incident, a bomb in the subway station, which is one of our worst nightmares. >> no additional known instance at this time. >> isis sent a message two weeks ago saying that we will see you in new york for christmas soon. >> thank god the perpetrator did not achieve his ultimate goals. this is the most resilient place on earth. we've proven it time and time again. we've proved it just over a month ago. we proved it on 9/11. we're
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