Skip to main content

tv   Cavuto Coast to Coast  FOX Business  December 12, 2017 12:00pm-2:00pm EST

12:00 pm
stuart: watching him messing around with toys and food. >> can do it in your van live stream it. stuart: on that note, we're done. neil cavuto, it is yours. neil: so tempted to come in and start the show riding on a horse. couldn't find a horse to volunteer. here i am. stuart: my seasickness, i'm telling you man. neil: thank you very, very much, very entertaining three hours. we'll tray to follow up what is going on in alabama and markets and terror front. all this could have been very, very difficult had things been very, very different yesterday. new york attorney, would announce u.s. terrorism chars. here are some of the chars. providing terrorist support to terrorist organization. place of public use, destruction of property by an explosive device and use of a destructive
12:01 pm
device period. some might be quite obvious. this guy is getting the entire book thrown at him. hey, connell. reporter: adding to that. authorities from federal authorities in lower manhattan, the investigation into akayed ullah continues. authorities say he acted yesterday in the name of isis. that he was inspired by isis. that the pipe bomb used to carry out bombing across the street, the subway tunnel between the port authority bus terminal was a bomb he constructed in his home himself. the big question, whether or not he had any help, talked with anybody at all? so far, authorities seem to think he did not. that he was acting alone. but again the investigation continues. as it does, here is what we know about the guy. number one, 27 years old. lived in brooklyn. originally came in from bangladesh.
12:02 pm
been here in the united states since february 2011. he came in f-43 visa. you heard of chain migration. the f-43 visa came through with family in the united states. that led to these comments a short time ago by attorney general jeff session. >> the president proposed ending chain migration. a merit based system which they have in canada and i studied in australia. welcoming the best and brightests turning away terrorist, gang members and criminals. reporter: now to the attorney general's point this is a program that president trump has proposed ending for quite some time. we're likely to hear about this some more from washington. in a few moments we'll hear more about the charges against the suspected terrorist, neil, and when we do, you will hear information contained in criminal complaint we were looking at.
12:03 pm
i give you a few items in there. it is interesting some of the items recovered from this guy's residence in brooklyn. they found pieces of wire and fragments, appear to be christmas tree lights according to authorities. multiple screws were found in the residence. they were consistent, the model type of screw found in the subway tunnel yesterday. finally a passport found in his name, in the suspect's name t had a handwritten-notation, number of them, one said, oh, america, die in your rain. neil, back to you. -- rage. neil: president about to sign the defense national authorization act. this gets into these type of issues. let's go to the white house. >> here to sign something extremely important, the national defense authorization act. we're signing it into law. this historic demonstration demonstrates our unwaivering commitment it our men and women in uniform, the greatest fighting force in the history of the world and we're making it a
12:04 pm
lot better than even that. before we begin i want to address the terrorist attack that took place yesterday in new york city and to praise the first-responders, local police and federal law enforcement for their quick action. they did an incredible job. there have now been two terrorist attacks in new york city in recent weeks carried out by foreign nationals here on green cards. the first attacker came through the visa lottery, and the second through chain migration. we're going to end both of them. the lottery system and chain migration. we're going to end them. fast. congress must get involved immediately and they are involved immediately and i can tell you we have tremendous support. they will be ended. these attacks underscore the dangers we face from around the globe. the national defense authorization act could not come at a more opportune or important
12:05 pm
time. this legislation represents a momentous steps towards rebuilding our military, securing the future for our children. i applaud the work of members of both parties to pass the defense national authorization act which passed with overwhelmingly bipartisan support. something that sounds very nice to my ears. i especially want to thank chairman thornberry who here with us today for his tireless efforts. thank you. great job. fantastic job. in recent years our military has undergone a series of deep budget cuts that severely impacted our readiness, shrunk our capabilities and placed substantial burdens on our warfighters and great warfighters they are. history teaches us when you weaken your defenses you invite aggression. the best way to prevent conflict
12:06 pm
or of any kind is to be prepared and really be prepared. only when the good are strong will peace prevail. today with the signing of this defense bill we accelerate the process fully restoring america's military might. i also want to thank senator john mccain on the work he has done on this by he has fought very, very hard to make it just the way he wants it and we all want it. this legislation will enhance our readiness, expand, and modernize our forces and help provide our servicemembers with the tools that they need to fight and to win. we will fight and win but hopefully with this we won't have to fight because people will not be wanting to fight with us. it authorizes funding for our
12:07 pm
continued campaign to obliterate isis. as you know we've won in the, in syria. we've won in iraq. but they spread to other areas and we're getting them as fast as they spread. we have had more success with isis in the last eight months than the entire previous administration has had during its entire term. it approves missile defense capabilities as we continue our campaign to create maximum pressure on the vial dictatorship in north korea. we're working very diligently on that. we'll build up forces to see how it works out. it is a bad situation. a situation that should have been handled a long time ago by other administrations. it allows a purchase of joint
12:08 pm
fighter aircraft and paves the way for beautiful new, virginia-class submarines, the finest in the world. finally the defense bill authorizes major investments in our military's greatest weapon of all, its warriors. the ndaa increases the size of the american armed forces for the first time in seven years and provides our military servicemembers with their largest pay increase in eight years. now congress must finish the job by eliminating the defense sequester and passing a clean appropriations bill. i think it is going to happen. we need our military. it has got to be perfecto. at this time of grave global threats i urge democrats in congress to drop share shutdown threats and to send clean funding and a clean funding bill to my desk that fully fund our
12:09 pm
great military, protecting our country should always be a bipartisan issue, just like today's legislation. we must work across party lines to give our heroic troops the equipment, resources and support that they have earned a thousand times over. together we will send a clear message to our allies, and a firm warning to our enemies and adversaries. america is strong, proud, determined and ready. and i might add, when we're completed, and it won't be that long, we will be stronger than ever before by a lot. so thank you to all of our friend in congress and we do appreciate the bipartisan support and we appreciate your hard work on this historic defense authorization. and thank you, most of all, to our brave warriors for standing watch over our country, our families and our freedom.
12:10 pm
brand new beautiful equipment is on its way, the best you ever had by far. we make the best in the world, you will have it. got bless our military, and god bless america. thank you very much. [inaudible] that is a lot of pages. that is a lot of pages. neil: we'll continue watching this. the president signing something called the defense authorization act which does not address some of issues he raised in his brief remarks before signing this. lottery system that enables those to come to this country and so-called chain migration system, one who did new york's
12:11 pm
attack came here seven years ago. still this is a step in the right direction. >> when you said kirsten gillibrand would do anything? >> thank you. neil: okay, the president taking no questions there. want to get read on all of this, congressman leonard lance, republican from new jersey. congressman what does this measure do? some budget watchers are concerned that it sets the stage to break the books when it comes to defense appropriations measures, see questionstation figures, will tempt democrats to the same on non-defend spending? >> i support it. i'm glad the president signed it into law. neil, it was completely bipartisan. this is what is needed. we have to be the strongest nation on earth militarily. that is the best way to preserve the peace. neil: congressman, you're right, it is bipartisan. many are behind this initiative but democrats want assurances,
12:12 pm
not exclusively democrats that there could be similar flexibility on non-defense spending when all of this comes up. where do you stand on that. >> i want a cr that moves forward without shutting down the government. neil: talking about a continuing resolution. >> continuing resolution. we have to do that quickly. and, i am supportive of our relationship in that regard. and i hope that democrats will agree to that. under no circumstances should the government shut down in particular for our brave troops in the field. i'm sure we can achieve that end, neil. neil: congressman, the president was alluding to this lottery system, this so-called, chain migration that allowed this attacker into the country, the one who was behind the times square, the midtown manhattan attacks yesterday. do you agree with that? for wont of a guy took advantage of it, we could, we could shut it down entirely?
12:13 pm
>> yes, neil. obviously we need to examine this. he should not have been permitted to come into this country. it is a terrible thing. immigration should be based on merit. i think that should be the hallmark how we permit others from across the globe to come into this country. i favor legal immigration. i favor it exclusively on merit. neil: we're very close, we're told, congressman on a deal moving ahead in the so-called you know, reconciling talks between the house and senate on tax cuts, that they could have something done as early as tomorrow, ready to move out by next week s that doable? >> perhaps it is doable, neil, but of course i favor retention of "salt" in its entirety. continued deductibility of state and local taxes. a matter of federalism from my perspective. it has been in the tax code since the beginning of the tax code since 1913. i live in new jersey.
12:14 pm
new jersey has high taxes but based on the views of people of new jersey. i want our taxes to be lower in new jersey but i certainly don't want a situation where we pay taxes on taxes. that would be the situation if we were to eliminate "salt." neil: so, is it your understanding that something will be done to accommodate your concerns? i'm a new jersey resident myself. obviously those in high-taxed states will feel that pinch. any middle ground here? either raising $10,000 figure or what? >> we will see what comes out of the conference committee but i favor retention of deductibility, not only property taxes currently in both bills but also of a state income tax. from my perspective this is matter of federalism. under no circumstances, neil, should we pay taxes on taxes. neil: the incoming democratic situation, governor-elect murphy already in new jersey hinted maybe the plan to start a
12:15 pm
millionaires tax again. they might be rethinking that because of this. what do you think of that? >> i believe that the state senate president in new jersey, state senator steve sweeney said that, but it is my understanding that the governor elect wants to move forward on his proposal to raise marginal state income tax rate in new jersey to 10.75%. i completely oppose that i hope republicans in the state legislature oppose that -- neil: but there are enough democrats in both house, they have the complete run of the table, if he wants it, they will get it, right. >> perhaps that is so. but i think that will be harmful to new jersey. it will be mean some new jerseyians will leave new jersey for florida, for pennsylvania and other states. i obviously do not favor that. neil: all right. thank you, congressman for taking the time. we appreciate it. >> thank you, neil. neil: we're monitoring this here. acting u.s. attorney is announcing charges against the port authority suspect. if anything comes of that conference we will pass that
12:16 pm
along to you. meanwhile alabamaians are voting right now. we had one guy who showed up early this morning, doug jones and roy moore shows up on horseback, which i think is splashy way to make an entrance. i tried to do the same on this show but my staff advised against it for good reason. more after this.
12:17 pm
12:18 pm
12:19 pm
12:20 pm
neil: you might have heard ones or twice there is an election apparently in alabama. doug jones, democrat, voting in his hometown church but for drama, roy moore voted by horse. i can never find a horse to volunteer. we have hillary vaughn with the latest from montgomery, alabama. hillary? reporter: hey, neil, quite the show. before he arrived on horseback, he gave his final appeal to voters on election day, giving interview to local radio station. he feels bad voters had to weather the storm of sexual harrassment allegations that surfaced throughout his campaign. but he encouraged him to hit the polls. a strategist with the campaign that moore's spirits are pretty high today. he is feeling good. winning today could be a first step in long process for the candidate if he were to
12:21 pm
potentially win. his potential colleagues in the senate decided to block him and prevent him from taking his seat or if the senate ethics committee opened up a probe into these allegations that could cause problems for moore, but moore tells werc radio that is not going to happen. >> it does not concern me because it would be unconstitutional and under article i, section 5, clause one, two, not qualifications for office. and two, it is not behavior in office if it were true. it is not true. not only not true, they don't have the jurisdiction to overcome the vote of the people. reporter: moore also saying that the ethics committee doesn't have the jurisdiction to investigate anything that happened before he would get to washington. but his opponent, doug jones, says, moore should not be so confident that he is off the hook. >> judge moore has been consistently wrong about the
12:22 pm
constitution in everything he has done. [cheering] consistently wrong. reporter: moore assuring voters today that after today, this whole mess will be over. so, he is riding in to the polls in style. take a look at this video. you can see him and his wife kayla trotting through the trees on horseback. this is a tradition. he does this every election day when he goes to vote. he says it he thinks brings him good luck. he rode his horse sassy who he rode in the primary a few months ago. we'll see if sassy is able to bring luck tonight after the polls close, neil. neil: eventually the horse stopped, right? i saw him on sassy, whoa. eventually got to the polls. reporter: yeah, he diddies -- dismounted and ended up voting. we have that confirmed. neil: thank you for that
12:23 pm
clarification. what happens to his again if moore loses and we're looking at 51-49 senate in favor of republicans, gets close. we have lisa booth, realpolitiks founder tom bevin. what about this, tom? no short term cries for the tax bill. neil: put this bed before ever sworn in. >> that is the plan. susan collins, other folks waivering. there is break glass in case of emergency try to stuff the senate bill through the house. i don't think that is where the republicans want to be. short term crisis, 51-49 the margin of error slimmer. neil: can lose one senator, right? >> can lose one senator. it really does sort of shrink down the universe you can look in doing in terms of moving legislation through the senate. neil: they again hope to have this wrapped up, that is the tax thing, long before whoever wins
12:24 pm
the alabama race is sworn in. is that doable? >> we'll see. that is the goal of the senate. i wanted to ride on a horse but i was told i was not allowed to. i wanted to make an entrance. neil: they were running on sixth avenue. no way. no way. >> but we'll see what happens with conference because you remember there are some horse trading that went on with -- neil: i see where you're going, yeah. >> i'm impressed. >> collins and flake to get them over the finish line to get the senate bill done in the senate. with reconciliation do they lose some of those votes? collins was hoping to get something done on the obamacare subsidies. johnson was promised something. they made changes. neil: there is a lot of wheeling and dealing connecting to that. >> collins also said she is not saying yes yet. neil: that protection is in there. >> will the changes made for johnson end up being what comes out of conference as well. these are things to think about as they're trying to get the
12:25 pm
conference bill, whatever comes out, over the finish line in the house and senate. neil: all about getting out the vote. it is all about in that state, getting out the african-american vote. working with some very, very prominent african-americans, and even the president obama. >> robocall. neil: robocall on doug jones' behalf. what do you make of all that? >> i think it is great. should have happened a lot sooner. wrote a piece for foxnews.com, how prominent democrats stay away from alabama and let doug jones run his own race. seeing what happened in 2016, men, not women, they turn out in force democrats, i definitely thank you. they could have had a cory booker. charles barkley was amazing. neil: that he came too late. >> i worry that. your segment began the polling is completely all over the place. a fox poll with doug jones up 10. another poll with roy moore up nine.
12:26 pm
we can all agree this will probably be pretty close when it comes down to it. >> hillary clinton had all those folks come out to support her in states like -- >> hillary clinton is the worst. and doug jones is not -- >> i'm glad at least you're listening to me. neil: tom, why are the polls so crazy here? they're not even close. >> a, hard to poll special elections, right, in general. you throw on top of that, this one in the middle of december. external factors going on with allegations against roy moore. doug jones who is really liberal, he is not a great fit for the state. you put all that together, and you've got these discrepancies. depends who is going to turn out. all these polls are making assumptions what the the elector will be. consequently you end up in situation we've never seen before. one poll came out yesterday, moore up nine.
12:27 pm
doug jones up 10. one poll showed it tied. we never seen anything like this. anybody who knows what will happen, is lying to you. >> tim kaine made interesting point, i have no idea what will happen. i believe closer than the 10 or nine. tim kaine said the most instructive thing to look at what happened in virginia where democrats outperformed the polling there. the base is energized. the resistance is strong. >> trending blue state. >> i do understand that, but it did go against. would the special circumstances considered, people were motivate ed in the rome election. trait is trending blue. alabama is not. enthusiasm with the democrats is very strong. there are people, a lot of reluctant people who don't want to vote. neil: republicans don't like being lectured to. >> they don't like you can lectured to, but they don't want to be electing who is alleged child molester who may not get seated. there will be ethics investigation.
12:28 pm
neil: there is lecturing. >> i'm not lecturing you. >> doug jones needs trifecta. he needs energized democrats to turn out. independent turnout and cross rover from republicans. between eight and 10%. he will need at least double digits to get it done. neil: you as a voter need us. you're welcome, america, we're on top of this at 8:00 p.m. tonight. when polls close in alabama we're there. other financial networks are in the middle of tupperware commercials. we're there. we have you covered with stocks and taxes, intersection of main street, wall street, k street. we're all over it. join us at 8:00. however long it takes, we'll have it concluded. polls are final and real voting going on the which is going on right now. market rally going on right now. dow at a record. 24,525. it is amazing. we're on it.
12:29 pm
jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease... ...and lower your a1c. wow. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing.
12:30 pm
ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, 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. what do you think? i think it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters. our recent online sales success seems a little... strange?nk na. ever since we switched to fedex ground business has been great. they're affordable and fast... maybe "too affordable and fast." what if... "people" aren't buying these books online, but "they" are buying them to protect their secrets?!?!
12:31 pm
hi bill. if that is your real name. it's william actually. hmph! affordable, fast fedex ground.
12:32 pm
12:33 pm
neil: a case of be careful what you tweet. president is getting a little bit of heat hitting back against chris 10 gillibrand and pushing back against sexual allegations. we have political correspondent deneen borelli. dineen, its the way he went after them getting raised eyebrows. the white house always comes back, they started it. where do you think is going? >> this is showing how desperate the democrats are, neil. the whole russia collusion thing did not work. i don't know if you're a "walking dead" fan, when zombies are dead with their victims they move on to the next one. we're seeing democrats, whole russian collusion probe is
12:34 pm
falling apart. they have moved on to anything about sexual harrassment claims and misdeeds. i think it is all going to backfire. this didn't work before the election t didn't work before trump was elected and it will not work now. neil: your thoughts. >> i think dineen is completely correct is saying the timing of this definitely does not look great for democrats. very obvious they are pivoting to sexual assault allegations, that they are trying to make themselves seem like the party of manners and sexual morality, when politically benefits them. democrats didn't think that all women deserved to be believed and heard when ted kennedy was lion senate or bill clinton or jfk was president. throughout the election when hillary clinton, when he have one said hillary clinton was going to win and be in the white house at this time, i pointed out the fact that she, you know, has been accused of hiding and burying the women who have come forward and accused her husband of raping or being sexually inappropriate or
12:35 pm
sexually assaulting them. you know i got laughed at. i got made fun of by a lot of democrats and people in the media. come on, this was such a long time ago. who cares it, doesn't matter. so i think it is very clear that democrats are trying to do this and they're being political about it. but i mean this is nothing new, right? historically women get little tidbits of power when it benefits other men. this is historically what we have to do, right? so it is upon women to be clever and convince men it is politically expedient to give us power and listen to us. neil: elizabeth warren went so far to hit the president trying to slut-shame kirsten gillibrand in his tweet, that she, gillly brand, used to come to his office begging for political contributions and do anything for them. what do you think he meant by that? >> i'm going by what he said. i'm assuming he contributed to her campaign. she went to him and i guess he did so. but now she is totally flipping the script. she flipped the script on
12:36 pm
bill clinton. she flipped the script on al franken as well. listen, al franken went kicking and scheming. he didn't go on his own will. he said future, when that will happen. but they're basically clearing the deck when they went after al franken. neil: bre, you can understand how some people, not necessarily prudes about it, would step back, that has whole another connotation. >> yeah, this isn't the first time the president has said something really disgusting and gross about a woman. we have heard him say gross and disgusting things about women on tape. this is definitely not new behavior coming to the president. we need to talk about the fact that democrats are willing to throw a few of their own creepy senators and congressman under the bus just because. i think it is just because they came from distributes and states that were easy to replace by a democrat. i think if we were looking at a democrat that was -- it is true. neil: al franken. something tells me is not
12:37 pm
leaving. >> even if al franken does go away, democrat who is governor of minnesota, already planning to name a successor who is democrat. it is political expediency what is happening here. neil: guys, thank you both, very, very much. >> thank you. neil: dow well into record territory. 24,527. growing optimism a tax deal will be had, sooner rather than later. not some guaranties of that a couple of senators are concerned about how it is stacking up. remember, there is not much wiggle room. that is with a 52-48 senate as it stand now. it could be very different after tonight, after this. [vo] when it comes to investing,
12:38 pm
looking from a fresh perspective can make all the difference.
12:39 pm
it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.
12:40 pm
12:41 pm
♪ >> a search yesterday of his apartment in brooklyn revealed metal pipes, pieces of wires, and metal screws consistent with the bomb materials recovered at the scene. officers also found a passport there in ullah's name, with
12:42 pm
handwriting that included one particularly chilling note. and i quote, oh, america, die in your rage, close quote. neil: you know when i heard this about the suspect behind yesterday's new york attack i think how many other apartments, homes are out there, stuffed with all sorts of contraband, angry notes, missives, nails, you know it, people plotting to do what he did yesterday. former fbi sister ed day. that scares me every time i hear about that. what do you make of it. >> neil, thanks for having me on. reality there are threats all over. when you have engagement, deployment, in partnership with the citizens and law enforcement you minimize these events. i want to praise the port
12:43 pm
authority officers, and shoutout to drews preston, heals from rockland county, there is much done thaw sue and much done that is not. we recognize new york city is the number one target in the world when it comes to terrorism but as new york city harden as target we look at the suburbs such as rockland county. what we have to do there to insure we have very effective component of public safety. neil: do you ever worry though, and i know, this means no offense to any of our fine men in blue, that we got lucky on this one? that this guy had he not bungled this so badly it would have been a lot worse? we're not always that lucky? >> clearly, neil, we did get lucky. this was clearly not as worse. i've had command in two police departments we should try to extend our level of intrusion as it were, as it relates to
12:44 pm
security. i think a positive thing we should be doing beyond having static checkpoints such as at airports, we should be deploying personnel such as those sharp, anti-crime officers back in the day in the nypd. they went out to seek out people that didn't fit, didn't seem right. this is where you can get out of the, out and away from where the people are, be a little more proactive in security measures. these things are positive things to do. you see people on warm day, wearing a heavy coat. something is not quite right with that picture. neil: yeah, you're right. >> i think one piece that is very important, the citizens. the citizens need to understand they have to be able partners. one of the things i learned coming from law enforcement to the private security world is that you have to have an engagement of the citizens in order to make the security work. i think people understand, they are partners. they are important pieces to the solution. i think also, what we need to do, and the government officials in particular, when they come on
12:45 pm
after an incident, make pronouncements we're doubling officers in a certain area, making extra bag checks, but there is no specific threats. meanwhile homeland security is telling us there is potential for significant threats, we need to be on the same page. think that is critically important. the questions asked by involved citizens when you come up with pronouncements of increased deployment of personnel, the question is obvious were they necessary before? why are they doing it now not earlier? neil: that is a good point. >> that to me is extremely important. neil: ed day, thank thank you fr talking with us. >> pleasure to be on, neil. neil: we might have a speed bump on the spending measure. senate signed on what would be a two-week extension to avoid a government shutdown. rand paul is saying he can not in good conscience would vote on budget busting spending bill. with 20 trillion in debt would not be even considering it. i promised kentucky to vote
12:46 pm
against reckless congressional spending. i will do that whether the defense authorization act or spending with that has anything to do with this, his view maybe democrats might be inclined to demand the same for non-defense spending right now. put rand paul down as a no on any budget measure they're considering right now. unless that changes, there could be some problems in less than a week when all time on this could be running out, 10 days from this, time on this could be running out panned remember this spending initiative is very much closely tied to the yes votes were garnered for that tax-cut package. promises were made to senators like susan collins regarding premium care and premium health response care for her vote. more gain 'tis for increased military spending to get john mccain's vote. with those falling apart, votes for tax cuts could fall apart as well. we're on it after this.
12:47 pm
i used to have more hair. i used to have more color.
12:48 pm
and... i used to have cancer. i beat it. i did. not alone. i used to have no idea what the american cancer society did. research? yeah. but also free rides to chemo and free lodging near hospitals. i used to maybe give a little. then i got so much back. i used to have cancer. please give at cancer.org.
12:49 pm
12:50 pm
neil: all right. we are getting news on fast-moving developments on the tack front. senior white house official telling fox business that the corporate rate will likely be between 20 and 22%, which could be 21%. national taxpayers union is with
12:51 pm
us. chris wilson and our own charlie gasparino. charlie what do you think of that? we don't know what is compromised and switched to get that. >> well i think it is 22% probably, you know, keep some of the "salt" deduction. that is what i would think. neil: what if they say no. might be more about removing amt thing. but even still no even still. the whole thing is getting screwy in this sense. they really backed away from reaganesque principles on tax cutting. they basically raised taxes on a lot of people to pay for a big corporate tax cut. working-class people are getting very marginal tax cut here. they don't pay a lot of federal incomes to begin with. they pay payroll taxes. they horse trade attacks increase because they didn't take down the rate that much and squeezed deduction. neil: it had to do a lot of this to meet the constraints within reconciliation, i understand that. but to his point, mattie what
12:52 pm
happens now, if we're left with a corporate rate that both be delayed and hiked a little bit, presumably to pay for other things? ii would guess amt possible. they deny that. state and local tax deduction beyond $10,000. where do you think is going? >> keeping the corporate tax rate at 20% is crucial to increase growth effect of tax reform. both the house, president and white house has been clear tax reform is the exercise to get economy moving begin. there is pro-growth tax relief for this bill for individuals and families. i disagree with your guests assessment there is no tax relief for the middle class. neil: he is negative. >> a lot of negativity about tax reform. >> they don't pay a lost income taxes? >> i'm with you. we should look at what we do on payroll tax liability. >> there is not much tax relief on the other side, on the personal side. you're giving tax cuts to people that don't pay a lot of income
12:53 pm
taxes. that is, maybe you're giving a little more child tax credit here and there but it is not a lot of money. neil: if he is right on that, chris, other people dispute it, when do you think people are crunching numbers and find out these numbers are not friendly to them it, might be a case of be careful what you wish for, republicans, you just might get it? >> i think, look, we're trying to discuss something here that we don't know what the final package is going to be. neil: this never stopped me in my career ever. i guess like a -- >> has been messaging around it. that has been our challenge from the republican party, making sure voters understand this is going to cut their taxes and i agree with mattie, we kind of lost control of that. recent "qunnipiac poll" 41% of the americans will increase their taxes. that is not true. particularly important when there is feeling of cynicism towards government everything done in washington will hurt people, republicans have to do a better job helping people
12:54 pm
understand. neil: they're rushing it. >> there is tax increase here. neil: they're rushing this. with that, we know, charlie. whether your grievance -- >> it's a mess. neil: now with the a alabama election, they want this set before whoever wins election sighted. >> january 2nd. neil: we don't know for sure. how do you feel that is going to go? timetable is aggressive. >> listen, i think rushing it probably helps with passage, the more you look at what a mess this thing is on the personal side, the less you like it. again, average people don't pay a lot of federal income tax. they are getting an income tax cut. they're not getting that much. people are being hosed on this deal, if you live in new york city, and new york state, and make $200,000 a year -- neil: those are only people you talk to. >> come on, guys. what is with all the pessimism in new york. >> who cares i'm just telling you that there is a tax increase here for a lot of people to pay -- neil: not on your little pricey
12:55 pm
coats. >> pay taxes, there is, state and local income taxes. neil: kansas, utah, texas? >> you do know how many places have state and local income tax? do you know -- >> a lot of places with really bad tax policy. that one of the problems. neil: he is being elite it. what do you think? >> i'm saying if they want a corporate income tax cut paid for by people in new york. neil: she likes everything you're saying. mattie. >> you're talking about tax payers in new york. they pay for taxes and don't vote for republicans. >> screw them. admit it. this is not class warfare. you're screwing them. >> this is not a bill going after taxpayers. this is bill trying to spread out -- >> you're screwing peter king. you're screwing peter king. neil: will it be any different, atlanta, this alabama race goes the democrats way and they're not wrapped up in time to settle this, that that knew senator gets seated, they don't have much wiggle room then. then it looks to be dicey,
12:56 pm
doesn't it? >> look it, hey, if i'm talking about reforming the tax code, i want republicans writing that bill. no. not democrats. if we do we're in trouble. >> i can not say it much better than mattie did. the difference, mike pence will be deciding vote. it still passes. neil: guys, thank you all very much. sorry to jump on but i did enjoy it. none of them record in on a horse in this show. roy moore did. that was signature moment for me today. i thought for a while the horse was not going to stop. after that. >> what is the name of your horse, sir? [inaudible]
12:57 pm
..
12:58 pm
12:59 pm
1:00 pm
train to the dow is up 52 points. officially supporting an act of terrorism facing five counts of federal crime. ongoing searches and its home uncovered further evidence of destructive crimes and intent. the former chief police superintendent, new york senate show boppers strain. what are we to make of this guy, what we are piecing together. a lot of anger and bad stuff in his apartment they appeared what we have here? >> you know it's too early because there's other search warrants going on right now to me taking him to run the evidence and look into other things. this is somebody in who was
1:01 pm
unfortunately the person we are seeing more of. six weeks ago we see the anger on the westside highway in these other recent cases in the u.s. where we've been able to stop these individuals. this is a growing problem where we get these individuals inspired over the internet that are full of hate, come into our country and do this type of violent terrorist attack. neil: every time i see something like this, i think of all the other potential, you know, terrorists out there who are so holed up in an apartment or house somewhere collect in a lot of bad stuff, sending a lot of massive nasty e-mail and text and social media and we always see it after the fact they raided the apartment and find out more than they ever wanted to know. i know that is a simplistic kind of case, but how many like that
1:02 pm
are out there? >> we can't tell how many are out there, but i can tell you this. you know, whether it's in new york, newark or here in chicago, we had ongoing cases but the joint terrorism task force in the world has changed a lot since 9/11 as far as information sharing and the amount of case work we are doing with federal authorities, local and federal authorities. but at the end of the day, you always think in terms of trying to prevent the next attack. i'm sure everybody is very concerned as was just pointed out that we had back-to-back attacks in new york city. probably a good time to take a look at the cases you are working now and start accelerating towards taking down, probing, doing the briefing, collect some forensic evidence and prevent both cases as we don't know what they are. the other thing i like to point out is almost without exception, somebody saw something i didn't
1:03 pm
say something in the best example i used in san bernardino when the couple was bring couple was pretty large caches of weapons and ammunition in and out of the house. the neighbors observed it and didn't know the authorities because they felt they were profiling. >> you were profiling terrorists and we could've stopped a terrorist attack if somebody had said something. if the public is paying attention they can help out the fbi and local authorities in making this case it. neil: you do have to wonder when they get to the issue of how many others are out there doing the same thing, plotting the same thing this guy tried to pull off yesterday never let it go further if there are privacy concerns and have your way around the internet or social media sites to track someone down. but there are a lot of them out there. what you do? >> even in new york with jimmy
1:04 pm
o'neill and the connections and relationships in the community here come the intelligence information from washington, nsa and other agencies is strong. can it be better? yes, but it is good. the unfortunate part when we don't have somebody they see something, when we don't have an ersatz, whether through telephone or e-mail or electronic or social media, and there could be individuals that slipped through and that's what we are dealing with it while you break it down. we have our intelligence which we all agree is the most important in the most successful. all of our enforcement operations. things going on bangladesh in the middle east, middle east, arrests being made can search warrants being executed. that is great. the last part is most important for the day-to-day survival of the people who slipped through the cracks and that is the cops on the street, and the k-9 unit. all the preventative measures in the subways. it's the last resort and more
1:05 pm
and more we are depending on the last resort like we were yesterday. we've got to get to these guys and hopefully stop them before they cause more harm. neil: is that really possible at this stage? a resort of rudely shocked because there's so many of these guys out there? so many getting radicalized right now that there is no way to monitor that on a crude basis? >> it's always the goal. you have a thousand in this business. one slips through the cracks in your failure. even though new york, i forget how many have been stopped in new york. you're in chicago and other places across the country. you have to bet a thousand and that's going to be the goal. at the end of the day, the thing i was point out is what makes us vulnerable to this is what also makes this country great. the freedoms we have as americans and the people who come here. we don't really want to change
1:06 pm
that, but we have to pay attention and we have to realize we are fighting a war here and it's a different war than i ever thought before in history of our country. >> gentleman commit thank you both very much. the white house is coming out strongly against the backdrop for this for the chain migration. blake berman with the latest at the white house. >> the white house consistently singled out what they feel easterbrook and immigration system, one being the diversity lottery program and secondly you just mentioned chain migration. early today the president said the last two terror attacks in new york city were because of the diversity visa lottery program, the one last month on the westside highway in the one yesterday because the chain migration and the president said he wants congress to take up legislation and get the legislation to his desk. >> the lottery system and chain migration. we are going to end them fast.
1:07 pm
congress must get involved immediately and have tremendous support. >> the referenced it trained migration when someone is allowed into the country after their family member was allowed into the country as well and the latest statistic to trump administration has put forth say the last decade among the 9.3 million immigrants allowed legally into the country, some 70% came through chain migration. attorney general jeff sessions and the newly sworn in the excess -- dhs secretary and chain migration instead instead we need to move to a merit pay system. >> it is not a sustainable commonsensical policy. >> we need to focus on a merit based system the president has recommended and has received in canada that would support our economy and new immigrants.
1:08 pm
training is much as the president and the white house and administration talks about this, challenges remain to litigation ongoing in the courts about the president enhanced dining requirements that he would like to see go forward and also you heard from him earlier today, congress wants to see them get involved and we'll have to see whether or not there is a political will for congress to do that. neil: the push to land studies direct their fathers these studies. jessica von pammy see this year back and forth on this. what do you make of that? >> well, i think this case illustrates really what can happen when you've got a visa lottery come especially one that includes lots of people coming in from terror afflicted parts of the world combined with chain migration has a multiplier effect. the problem is there's always so
1:09 pm
so much extreme betting we can do. the president has improved our vetting system, but when you have this multiplier effect of bringing more and more people in the country who are potentially a risk, then that undermines the improvement in vetting because it overwhelms the agencies that have to do the vetting and also bringing in more and more people susceptible to radicalization. that is a bad combination, a recipe for problems. there's legislation now before congress that would reduce chain migration and eliminate the visa lottery and modernize their immigration system so better suit their needs and minimizes these national security risks. it's been introduced in the senate called the raise act. senator tom cotten and david perdue. majority leader mitch mcconnell said he agrees that this is something that needs to
1:10 pm
happen in congress is going to have the opportunity to do that in the next couple of months and i think they can get it done. other enforcement improvements as well that need to happen, but this is one that would pay dividends over the long-term and people have been talking about for a long time. neil: how does that work? just explain how that goes about in how a guy like this could have gotten in under that. >> well, our immigration system gives preference to family members of previous immigrants. we found for every two new immigrants to this country who are the first in their family to come here cometh come here come that they sponsor an additional seven immigrants after that. so this terrorist, akayed ullah, he was the nephew of someone who had become an american citizen probably 15 or more years before and that person won the visa
1:11 pm
lottery. that is how his family came here. he and his family and siblings were able to calm because of the new flow of migration. people who have not necessarily an extra connection and the family members who came here before his immigrants and became citizens. this is happening all over the world. bangladesh has doubled in 15 years because of the combination of the lottery and chain migration together. neil: i guess what i'm asking with iowa -- have been one of those areas under the president's orders now have been suspect of people from that area have been restrained. >> one of the countries for the travel restrictions, but it has been on isis list of countries
1:12 pm
specially designated for extra attention because of terror problems or security issues within the country. there are no restrictions on people coming from bangladesh but they were allowed to participate in the lottery for years and years and then establish the pipelines of immigration from bangladesh into the united states and now it is 90% or more relative to people who came before and programs like the lottery or their relatives. it's not based on skills, education and that alone creates problems in terms of the fiscal obligations that we have and assimilation issues and so on. it is just not the way to have an immigration system that will serve our need and i was creating security problems as well. and it could easily be fixed. tree into just to scrutinize who
1:13 pm
does get in. jessica von, thank you very much. good seeing you again. >> likewise. the dow still other record comfortably. the alabama election process is still on inevitably. does the gop at odds over roy moore, whether he wins or loses? after this. hi. i'm the one clocking in
1:14 pm
1:15 pm
1:16 pm
when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. i can even help with a silent night. does your bed do that? i don't actually talk but i can tell you how you slept. i'm the new sleep number 360 smart bed.
1:17 pm
let's meet at a sleep number store. >> voting underway in alabama right now. he's been exuberant about his chances. the people who vote their conscious to the spn jeff flock joins us now in birmingham. what is it looking like right there? >> that could be dangerous degree or outside a a polling place in birmingham. the dow jones campaign really feels like it has got momentum at this point. this is kind of a referendum on these opponents. doug jones in his home outside of earning him in the town of mountain brook at a baptist church there and of course more flamboyantly perhaps, judge moore and to him in that picture i think the folks here on the
1:18 pm
jones campaign and the horse you rode in on. doug jones saying that he really feels the enthusiasm right now and he knows in some ways this is not so much a referendum on him as it is judge moore. >> the things that have been said to us in this campaign are extraordinary. the red thank you, god bless you, we are praying for you. this is an important time in alabama. we feel very confident where we are and how this is going to turn out. reporter: as you pointed out, essentially yesterday and again today, and people ought to vote their conscience. they don't believe him, trust him, like his character, and they shouldn't vote for him. here is how he put it. >> they have a tremendous turnout.
1:19 pm
>> are you prepared to face an ethics committee investigation? [inaudible] trinity said on a radio station today that he believes the senate does not have the constitutional authority to remove him for the ethics violation alleged. that is his opinion. others have a different opinion. a lot of enthusiasm pays somebody came on the way from new hampshire. the lady in the blue. people from outside here. >> it appears to be a lot of people now. that's my speculation. i am from alabama. i've been born here, lived here my life. reporter: why do you vote for doug jones? >> i think he's the man who's going to do allow for alabama command united states, before the world. his values are the kinds of things that's going to move this country forward.
1:20 pm
reporter: i appreciate it. this is the home to the notion of everyone having a chance to vote. people died in alabama to make sure they have the right to vote and they want to make sure they exercise that today in the turnout in the african-american community will be important if doug jones is to pull this one off. tree into jeff flock, thank you very much but i want to bring tony perkins into this. there is the back and forth, the tug-of-war within the republican party, is it better that way more win or lose with the establishment backed away until the president came out and said he is my guy and they backed away from that sentiment could play this out for me. what do you think happened? >> i don't know. a lot of things are reminiscent of the presidential election last year. a lot of people attacking the president when he was a candidate. last-minute revelations with the
1:21 pm
turnout. what happened in the presidential election was less about personality and more about policy on election day and i think that maybe what is happening in alabama where he sees stark contrast between the two candidates on issues. what has been interesting is how the life issue has come to the forefront in alabama. alabama very pro-life state. mr. jones very pro-abortion in that campaign were a more been on the pro-life side and even the president this morning tweedy now, living with pro-life issues. it's going to be a very close race, many voters in alabama are not being distracted with the same focus on what is at stake nationally when it comes to the issues. neil: would be weird, would it not, i have no idea, the move happens as soon as you get the senate and ethics investigation to potentially take them out. how is that going to go down?
1:22 pm
>> actually that's a better way to go about this. if in fact he's done something as he denies it. he denies the allegations. but i do think that everything needs to be looked at. that is a better place to look at this in a dispassionate way, look at the facts rather than this has been interjected before an election in mixing and mingling the two. very clearly we need to have people of high standards and character nations government. of course we realize we are fallen people and we'll have people in these positions that have done bad things. if they have a need to be removed. but stay focused on what is before us. this is a very critical election. policy differences could not be more stark in these two candidates and i think that's why alabama voters are looking at. neil: we will know one way or the other.
1:23 pm
thank you very much. >> good to be with you. merry christmas. granted the dow was up 155 points. these elections notwithstanding, counting on the tax package getting through and along comes this speed bump we are told on the spending come in this whole budget matter. rand paul has some serious doubts. keep in mind so much as the concessions made in that has to do with the yes votes in the tax package. are the two linked? after this.
1:24 pm
1:25 pm
1:26 pm
1:27 pm
neil: we are told tomorrow the president decide to make his final argument for a tax cut.
1:28 pm
he'll be announcing in washington tomorrow the same day that the tax conference committee and most of the senators, republican and democrat representatives, democrats and republicans from the house converge to come up with the way they can go back and forth on the things they disagree on and rapidly try to make them all agree on to the president just before christmas. south dakota congresswoman christie noam sits on the conference committee. very good to have you. >> hi, neil. thanks for having me today. neil: what are the odds they can all be reconciled by christmas? >> we are on track. we met late into the evening last night it agreements of the senate on provisions of the few more negotiating. we plan to mira stars negotiating before we get to the formal hearing where we will debate back and forth on some of the provision so we can sign a report on friday. neil: we have heard talk that the tax rate won't be a 21%.
1:29 pm
might be 22%. is that right? >> we are still working on that. the house affected 20% because that's where we want to see amanda. we recognize priorities in the senate bill being worked out as well as so we are still negotiating those final grades. we probably won't really know where beale did you say what the agreement is for a little bit of time yet. change the discussion could potentially raise those rates means to pay for something else. and then to get rid of what was suddenly added in the senate provision. you are personally against that. others might be to offer more generous allowances for those in high tax states than the $10,000 that's already allocated. where do you stand on this? >> that is an area we are working on a deduction for state and local tax is important for many members of the house but died in their provision. the senate did not set that needs to be reconciled. we have a mortgage interest rate deduction still being talked
1:30 pm
about. the estate tax still being talked about the child tax credit still being talked about. those rates are important for us to talk about and agree on and also while these important provisions. if we have a provision in the house and senate are insisting on and we don't have enough revenue, that's when rates commander questioned. neil: also delaying them. the senate wants to delay corporate tax rates until 2019. the house for 2018. is that a movable debating point for you? >> i'm not a fan of that. all a lively tax cuts need tax cuts need to have been across the board immediately. we've been living under the struggling economy under the obama administration in exchange. the quicker we help small businesses and families make decisions in low and middle income americans can once give them tax cuts immediately to start helping families. train to is that your sense that whatever happens today, congresswoman, you want to make it a moot point by getting us
1:31 pm
all settled before either of those guys to matter who wins is seeded. >> as far as i'm concerned, i've been in a meeting room talking about tax policy. we haven't debated who wins today in alabama. we've debated policy. the focus comes back to strong families. what can they do to strengthen their future. i'm sure the political side of this is debated on the news today, but as far as us and conquer is, that's another discussion. >> is you're trying to put that together, you've been very good, some controversy over the president tweet with a number of senators on the other side including another kirsten gillibrand who have criticized the president saying he should resign given his own issues with women. the president has in mind is heard, congresswoman a lightweight senator kirsten gillibrand, and for chuck schumer and someone who would come to my office begging for
1:32 pm
campaign contributions and would do anything for them is now in the ring fighting against trump. elizabeth warren said that amounted to intimidation and slut shaming. >> i haven't been reading tweets today. and i'm glad i haven't. i look at president trump and what is done as far as putting judges on the supreme court, what is done as far as policies and tax reform, what he's doing help american families and the decisions and policies he is pursuing. we met with vice president as well intact to him about some of the priorities he's been helping with us. the recent decision with regards to israel in claiming jerusalem is the capital they are and that has just been critically important leadership that i've been grateful for and that's where you tend to focus my
1:33 pm
energies is what is really making a difference for america and not necessarily the popular theme on twitter that given day. neil: i think senator jell-o brand was tackled when she said obviously bill clinton should have resigned. she more or less equated the same to donald trump. do you think that's fair? >> i don't think it's fair when we look at all these different situations. you know, we have to look at what is proven and what isn't proven and that's how i judged every single situation coming up these days. neil: when you see way more coming in and possibly women come a very influential figure, male or female, are you worried? some of your colleagues are because whatever the alabama voters want they understand that, but it puts them in a bit of a conundrum in terms of how do except read more if he were to be elected in what they should do about it. what do you think? >> the voters in alabama will decide that.
1:34 pm
i've got two daughters beta daughter 23 and one that is 20 and i certainly believe that there is sexual harassment happening better culture needs to change and we need to stop it. i'm focused on not. i'm not focused on making political hair or making a headline for the day. i think we need real change and people interested in that in alabama will decide their future today by the time the polls close. neil: i know you've got to go. another one you have to reconcile the next couple weeks. when i was concerned it does nothing to address the building that he could be talking about amid the increase on appropriate for defense. democrats as you know are balking at that whatever you increase for da vinci should increase for nondefense. he sounds like a no vote on that and i'm wondering if that is in some trouble it might be a sign of difficulties you encounter on this tax cut friend. >> it could be, but a lot of discussion happening in the senate side and house ride. we do recognize defense is to be
1:35 pm
a priority. we want a long-term funding bill tied to cr in the rest of the government spending issues and that makes sense. our defense department men and women deserve to have a long-term bill to plan to secure countries for the future. that is what we are focused on. we look at the tax reform package through. we will get a funding bill done and hopefully will be spending christmas day with their families. neil: i hope so because if not i'm spending christmas day following you. merry merry christmas. good seeing you. neil: the latest on the doubt not worried about these issues. investors worry about that tomorrow. certainly not a major concern today. more after this. my plan." the financial advisor was
1:36 pm
able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor.
1:37 pm
1:38 pm
1:39 pm
neil: all right, and the president is very happy with the economy in economic numbers continue to go his way treating with consumer confidence as the dow continues to hit all-time high. market watcher craig smith.
1:40 pm
he's been saying that underreported by the media that doesn't really want to do anything but take them in his back. would you make of that argument? >> well, we are in a situation where the soft data are certainly giving him reason to trumpet better times. we see now to see an increase in consumer confidence that we had a big game in the nfib small-business optimism that the million dollar question is whether this translates to real activity, increased spending and increase cap backs and that's where the jury is still out, notwithstanding the two quarters of gdp that were plus 3% are the long-term trend in growth continues to be one of broad deceleration, which isn't surprising in nine of the economic expansion. we are clearly getting along and that is why it's so important to get this fiscal stimulus done so
1:41 pm
we can revitalize the animal spirit. neil: the tax cuts go through whatever their vital information , data such as the markets run out, they do not reflect the savings in the extra on fear going to get from that. some classified, barons over the weekend, another 7% to 10% because of them. others like morgan stanley said we haven't even factored in half the gains we are likely to get. where do you stand? >> stephanie is right on it. look, the soft data will paint a pretty rosy picture. but a lot of that has been done as a direct result of the monetary policy. when you do get the fiscal policy right now and if we do that we can have -- neil: is the tax plan going to do that? >> i've got to be honest with you i don't know. the 20% corporate rate is going to be a good thing for
1:42 pm
businesses than i would like to think i will have a tremendous stimulus impact on this economy. i'm more concerned about the global economy quite frankly at this point. the g7 countries are still very, very weak in their growth. while below their inflation targets. we have the threat of protectionism creeping in from other countries against other countries and so i think stephanie is read on this is spot on. i don't think everything is as rosy as everyone is expecting for 2018. neil: both of you are debbie downer is. i kid, but to make this point coming young people come up to me here at fox, specially with the rampant market run out. and want to know if they can get in. when you tell folks like pat comiskey missed anyone to be part of it, that they are concerned as to whether they are too late to the party. what you tell them? >> i don't want to be debbie doomsayer. i would strongly suggest they
1:43 pm
say tie. i look at obviously sort of the broad fundamentals and i have a really hard time putting together justification for the rise in the market that we have seen. trump likes to tout a 5.5 trillion increase in market cap. that is seven times the growth in gdp over the last year and is 47 times the growth in profit. for those who point to strong earnings as justifying the move in markets, that number just doesn't bear out. neil: part of that is averaging where we are before with the meltdown in everything else. the longer the meltdown, we are still nowhere near. i don't know who's right on not. but do you get a sense here that the federal reserve stands to sort of spoiled his party not only hiking rates another quarter% tomorrow, but continue that and more aggressively than next year?
1:44 pm
>> yeah, i do. a great observation. we know quarter point is baked into the cake already and it wouldn't surprise me at the fed went a bit higher just to see if the market is resilient enough to take it. maybe a quick selloff and run back because it seems to be like bitcoin, everyone thinks it's headed to the moon. but i do believe like stephanie said, you do not have the underline growth in this economy to support these market numbers. i think if you take the punch bowl away it's going to have a real solid impact the downside on the stock market. neil: dimension 79. i'd be curious your thoughts on it. trading futures right now he says to add some stability and predictability to something that has been anything but. what are your thoughts? >> i'm going to really reveal myself to be a total square. i just don't get it. the bitcoin thing is beyond me. in my view the reasons you'd be interested in owning it don't
1:45 pm
hold up on closer inspection. one is that you are distrustful central banks and governments to two shins and you want somewhere that you know is untouchable in terms the policy makers and the other one is that you are trying to shelter money and beyond the long arm of the law. about the regulators, and they are just really getting started. you think bitcoin is going to cause some kind of alternative to global currencies, policymakers and sure have another idea. they will not let that happen. a huge regulatory push here is going to really remove one of the key appeals of bitcoin and in terms that people are trying to find an alternative that fiat money. your access to money is only as good as your access to the internet. neil: you raise a lot of legitimate ballot. a way of showing progress,
1:46 pm
whether this is indeed progress. how do you treat this as a phenomenon? >> first off, let me tell you bitcoin distinguishes in a very unique way. 34 through 1637. today, bitcoin went beyond the times returns that we had. neil: so you are legitimate. >> let me tell you, i believe in the underlying technology. i believe in distributed ledger technology. here's the problem. it's like the internet. we were ahead of ourselves in 1999. we got over her skis and a lot of people lost a lot of money. i do believe blocking technology is here today, but what is the value of that? i was a lady of trading futures for price discovery. i can tell you what a bushel of wheat is worth, what a barrel of oil is worth it though but he can tell you what a bitcoin this earth except that the last guy
1:47 pm
paid for it and that story doesn't end well. neil: you might both be squares and fuddy-duddies, but you are brilliant. thank you votes for that. thank you very much. i had done 79. if you go into this, understand you are going to go up and down on a roller coaster at the same time. i thought that was a brilliant analogy. i'm easily entertained. a little more after this.
1:48 pm
1:49 pm
1:50 pm
1:51 pm
neil: minnesota governor mark dayton, how frank interplays that tomorrow at 11:00 a.m. eastern time. more of an idea of this subchapter kind of intrigue strategy here that franken has no intention to resign. the governor is onto something else. he's ready to name a replacement tomorrow. meanwhile, the president gained seats made against jesus. >> we have one in syria. we have one in iraq, but they spread to other areas and we are getting them as fast as they spread. we've had more success with bases in the last eight day in the entire previous administration has had during
1:52 pm
its entire term. neil: whenever we post about this thing, anyone can do it. we often see the activity were some sort of radicalized isis recruit pulls out something like a guy tried to pull off in manhattan yesterday. former bush 43, peter brooks. >> yeah, the president is right. isis is in crisis and the caliphate is crumbling or has crumbled, but i think there is still work out there to be done. my concern is isis would return to its roots which is an insurgency before it helps the islamic state. syria is in civil war with a tremendous amount of chaos there. iraq still has significant challenges, ethnic and sectarian challenge is isis can prey upon. i think we need to keep our guard up in what we saw yesterday in new york and we saw in october in new york.
1:53 pm
we are still in the crosshairs and this animal of isis is still very dangerous. neil: you know, when the talk about dealing with them and chasing away places like iraq and elsewhere, where did they go? >> they go places where they can plane, train and operate. they go where there is chaos, lawlessness, ungoverned spaces and that is where they are able to recruit and radicalized and plan. today that would be places like yemen, libya, and cyanide as egypt, afghanistan. we see them in southeast asia. they will go wherever they can to stay out of the sides of people -- countries like united states victor jason anywhere. africa, mali, and a share, they are all over the place. a lot of affiliates out there significantly weakened and the president is right they have
1:54 pm
made great gains in the administration deserves a lot of credit for that. neil: over the years you and i have taken on terror groups of all sorts virgin morph into other entities. some with much more dangerous entities. would he think is going on right now? >> you make a good point. isis came from al qaeda in iraq. in fact, a lot of people qaeda affiliates around the world that isis gathered the numbers are fuzzy, but perhaps as many as 20,000 to 40,000 from 120 countries had a lot of people left al qaeda when it seemed like it was down on it like, quote, unquote like a moot to the islamic state. i wouldn't be surprised if he saw things move in the other direction. isis because of it excesses was able to drive a lot of followers, thunderous and foot soldiers from al qaeda and elsewhere as al qaeda turned out to be more capable, more quote,
1:55 pm
unquote capable of terrorist efforts. it will draw followers than people who want to support it. yeah, and there will be people that will leave a safe then move on to other terrorist groups including al qaeda appeared neil: they are pretty good at recruiting worldwide >> absolutely. no question about it. you have to do that, neil. you have to have the resources that includes money and people. >> peter thank you very much. >> merry christmas. happy holidays. neil: we are waiting to see if the rally can sustain itself with all the stuff been thrown on it, some sort of comical sideline issues between the president, senators back and forth. we are seeing the market fire pretty much again on all cylinders and also waiting on the white house about an hour from now. we'll have more after this.
1:56 pm
pier. . .
1:57 pm
1:58 pm
1:59 pm
neil: tonight sometime we'll know. alabama polls close at 8:00 p.m. eastern time. it is anyone's guess how this could turn out. polls are intriguing. they are wildly different. some have moore up by a lot. some have jones up by a lot. it will be sorted out tonight. we'll provide live coverage of 8:00 p.m. as long as it takes. a lot of people are saying election will be harbinger of things to come. we a lot of times overstate the case. it will affect the senate math,
2:00 pm
stays at 52-48 republican or goes to 51-49. you don't have much wiggle room. you can only lose one senator. it is kind of dicey. trish regan. trish: president trump blasting our broken immigration system following news the new york terrorist entered the country through chain migration. the president vows we will end both chain migration and lottery system. why do we have systems likes that, when we need to protect ourselves? dow hits a new all-time high. s&p too, up 145 points. how do you like it? i'm trish regan. welcome to to "the intelligence report." i said over and over on this show. we need to issue visas based on merit. we want to at track the best, brightest, most attractive candidates that are patriotic americans who want to come here. not a random

51 Views

info Stream Only

Uploaded by TV Archive on