tv Forbes on Fox FOX Business December 17, 2017 7:00am-7:30am EST
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not just the us. >> spiders as always. heather: the are you outside that? >> with berkshire hathaway. heather: we have stocks. in response to being told he is where he is to protect the country from that menace, donald trump, he said i can protect our country at many levels. >> in andy's office. there is a break, no way trump gets elected. i want to believe that. he said that in a meeting it andrew, mccabe's office, but i'm afraid we can't take that risk. >> the justice department under
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fire after new anti-trump text messages surfaced from a former member of special counsel team. someone here says it is proof all special councils are a waste of taxpayer money. either right or wrong? welcome to forbes on fox, let's find out, steve forbes, elizabeth mcdonald, steve, is the special counsel worth the money? >> no but the money is the least bit. this is one of the greatest scandals in american history where the leaders of the fbi, the head of the department of justice all work to destroy the presidential campaign of a major candidate. this is a gross abuse of power and that is the real scandal, the money is the least of it. ainsley: let's emphasize, this is a key fbi man who informed not only miller's team but was informing jim comey, the fbi head during the election campaign. before the election, what he was
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telling his mistress at the justice department, there is no way trump gets elected but i'm afraid we can't take that risk. this is more than anti-trump, this is i'm going to use the powers of government to subvert the election. >> he was wrong unfortunately. these guys, what is missed in all this, i watched these congressional hearings, these people are no longer there, special counsel is a by the book republican, attorney general rosenstein is a republican who said this is a fair investigation and we have guilty pleas and indictments since this time. i don't see this. ainsley: he didn't just say it was going to subvert the electoral process, but had a lot to do with the hillary emails, changed the language so she wouldn't get indicted and the
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one who interviewed hillary. he used his power in a way one must think to subvert the electoral process. >> i disagree with my boss, steve forbes and say money is an issue. you shouldn't have a special counsel unless the bill is going to be $1 billion. in that case they wouldn't start these things unless they had a case. there never was a crime. normal you don't have a special counsel unless there is a crime and you pursue -- here it was we are going to go digging. this is a sham the beginning. >> mike brings up a great point, the fact is it is not just the money spent on the special counsel's office, 31/$2 million, think of the man-hours that have been spent and diverted from the entire trump team trying to chase the collusion fence which doesn't exist or at least there is no evidence of it so far when the real collusion seems to have been between hillary campaign and members of the justice
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department. >> one of the hardest things to get right in a democracy is the level of policing and that applies directly to the fbi. you don't once a week fbi incapable of doing anything and don't want one overly strong particularly when it is by the way this fbi appears to be biased and did apply specifically to donald trump and donald trump is going to have a greater moral basis for issuing a blanket of pardons if there are a lot of indictments. >> you are always warning us about the danger of the powerful government, the instruments of that power, they are awesome instruments that can be applied by members of the fbi and just department used for political purposes, doesn't that make you mad. >> makes me mad. i also like when administrations are distracted by what is ridiculous. i find myself on steve@blooge this is much worse than a waste
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of taxpayer dollars, this is an embarrassment, the most admired country in the world spending money chasing the notion the russians somehow influenced our nation's elections, they went influence to get trump in office when everyone knew trump was going to win in the first place, such an embarrassment, let's stop this, trump should pardon the fbi, family members etc.. how do we restore faith in the fbi, we need that to keep our economy and society together. >> the fbi rank-and-file don't want to be seen as a federal police force doing the bidding of politicians to knock out other presidential candidates had asking is judge and jury exonerating others. you could say the same for the
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irs but the irs and fbi reformed after the nixon administration, we had the irs tea party conservative nonprofit scandal and now this. we got to point out the peter strzok fellow alleged to have exonerated hillary clinton and watered down the language, it was reasonably likely, foreign states, became possible. it had to be known the fbi was worried when she stepped into officer private email server had no security when she was traveling to china, egypt and turkey. a lot of hacking going on. ainsley: we should distinguish between bureaucracy of these agencies and the agents putting their life on the line every day. political deep state we are talking about. >> emphasize the top people, leadership of the fbi and
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intelligence agencies in a destructive and scandalous way. rank and file for law enforcement. and the fbi, the law enforcement agencies, and getting thrown up about leadership let them down. >> historically in the united states, rain in the power some leaders of the fbi, if you had to do that with j edgar hoover when the fbi was abused by richard nixon, had to restructure it, this seems to be one of those points? >> no. i don't think -- as far as the bias here, the fbi has been run by republicans, the attorney general's office is run by republicans, special counsel is a republican. compare this with the kenneth starr investigation that took
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four years and ended up finding out bill clinton had an extramarital affair and mother has been working on this for 5 or 6 months and already has guilty pleas. heather: they may be republicans, mueller was a registered republican but so many people hate trump and were working for clinton as part of his team. >> i don't want russia meddling, it is not a deep state issue but in your face issue, the majority of federal workers democrats during a government union, many people donated to the democrats campaigns and things like the princeton foundation, those individuals -- >> bringing it back to the charge of collusion and there was no crime when this special counsel was set up, usually there is a crime first and then you set up a special counsel but the collusion we have seen is not between the russians and trump but between members of the justice department that were out to get trump or the hillary campaign. >> that is the real scandal in
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the indictments he served up, hardly anything to do with the campaign itself and this is the case why you shouldn't have special prosecutors. they feared they have to find scalps. if they don't get the original when they keep searching and if they manufacture they manufacture it so we can rid of the whole thing. >> that is what bruce was saying about kenneth starr. a new copd makes it hard to breathe. so to breathe better, i go with anoro. ♪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 two medicines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd.
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mainstream media has been intentionally misreporting the news to make the trump administration look bad and the new study out showing she may be right. conservative media research center found or the 90% of broadcast news coverage on donald trump in the last three months has been negative. media bias out of control? >> mainstream media is out of control, never been so negative even during the richard nixon era and sarah sanders show great restraint, should have thrown one of her homemade pies that these reporters but that would have been a waste of a good pie -- >> the fact is we had the anti-trump stories retracted or corrected, abc after brian ross falls russia collusion story, suspended for that, cnn on wikileaks, fake picture of a trump rally, a lot of evidence every time they get it wrong it is always against trump.
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that is their bias. >> these stories were all corrected. listen, first, this paul, who still watches broadcast tv? >> millions of people do. trump goes on social media with twitter. he has more followers, i am not buying this, the poll asks about pro trump statements. look at the last week, he endorsed an accused pedophile, attacked a us senator saying she would do anything for campaign contribution, those are facts. >> bruised us make a good point, he has this extraordinary power with his tweets it is using that to his favor. >> i hope chief of staff john kelly gets a fit bit to track his heart rate. i agree with bruce, the tweets,
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the president gets in trouble with them. the press has to act like disinterested parties and look at the facts and i feel too often they are getting emotional with the stories like msnbc and stand in the same amen corner agreeing with each other. you were at the wall street journal and so was i and we are trained if you get emotionally involved in a store you are taken off that story because you will make errors and not see the facts. >> at the wall street journal we had a lot of editors who would come over the stories to make sure there were no mistakes in it. doesn't look like there are editors at cnn, abc and the washington post. if they are they are all biased against trump and allowing these errors to get in. >> no question the media is unprecedentedly hostile to this administration but i wonder if it is causing trump that much
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damage. his base is rocksolid, as rocksolid a base is any president ever had and getting stuff done, set a record for first-year presidents in federal appeal judge appointments, rolled back regulation. the economy booming, getting stuff done. >> when you look at the mainstream media, the mistakes they have been making, former managing editor of forbes magazine, and mistakes like this in their does it discourage you to see these mistakes? >> the media are a little bit biased. here are my numbers. 89% of what trump does is either abusive or foolhardy of 91% of the stories are negative, the media have a 2% bias. >> what do you think? >> media bias is a redundancy, of course there is bias but does anyone think conservative media
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would be great to trump if his policy was coming from a democrat? >> of conservative media takes a mistake like the kind of mistakes i cited earlier the whole mainstream media would come down on them, there is not the same standards of judgment with regard to conservatives as there is liberals. >> there is an emotional element we haven't seen -- emotional derangement syndrome, they thrive at the mouth. this has taken on an emotional component where ends justify the means. >> they are getting ready to roll at the bottom of the hour. what have you got? >> democrats say final tax bill will only help the wealthy but donald trump says it will help
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all americans. after a terror attack in new york city isis is warning more attacks are on the way for the holidays. should shoppers be worrying? >> we will be watching. the fcc voting with the obama era regulations on the internet, bad news for it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them.
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some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.
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government to regulate the internet, critics argue this will drive up costs for consumers but a lot of other folks say getting government into the internet was gumming up the works, wall street journal says the internet is free again. >> the wall street journal is we are getting rid of government regulations and turning it into a utility, this will bring innovation back, consumer choice back. >> that sage commentator jimmy kimmel doesn't agree. let's play sound of him. >> thank you, donald trump, thanks to you and this guy you appointed to the fcc big corporations are about to take control of the internet so merry christmas, everybody. >> we are he had big companies controlling it, netflix, google, amazon, they are already there. >> jimmy kimmel and i are devotees of howard stern but i
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would say these rules could prevent, this is what smaller players are saying, something special from being created is indeed the creativity of some of these entrepreneurs is stifled by this if you are giving big companies more power and big companies can start charging for some of these things. >> when have government bureaucrats ever allowed entrepreneurs to bring innovation to anything? this is getting fcc regulators out of the internet. >> i will save jimmy kimmel's quote and other quotes from witless lefties for the rest of my life so i can point out to them on a yearly basis how ridiculous their arguments are. this is about private property but beyond this capitalism is all about turning something into what we all enjoy. the why would the internet be
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different? >> the point is a typical government bureaucracy spent decades regulating phone companies, television, tried to regulate the internet but it was so innovative and inventive because bureaucrats weren't there. >> at&t and verizon and comcast have invested and should be able to charge what they want. if google and amazon and others complained they are far richer than these carriers, they can build their own pipes. >> there was cellular technology in the 1940s. at&t wanted to bring out the cell phone, the fcc wouldn't let them because they said it would be for the rich, we could have had cell phones 40 years ago. >> free markets aren't allowed to operate, always turn scarcity into abundance in this debate boils down to a question, should you pay for two pizza pies
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instead of one. >> $100 a month, slow internet in a rural area. we should be regulating, a monopoly. >> more than half of americans admitting they are making poor financial decisions but our informers sa (siren blaring) ♪ working as an emt in a small town usually means hospitals aren't very close by. when you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. we call that the golden hour. there's nothing worse than when we're responding to the hospital, and the hospital doesn't have the right specialist. evaluating patients remotely, by an expert, is where i think we have a potential to make a difference.
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robots can do a lot in medicine these days, but they can't think. they're still machines. for nuanced decision making, we still need humans. we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network that will enable breakthrough innovations to take place. as we get faster and faster wireless connections, it'll be possible to bring those capabilities to more remote sites, and be able to operate on a patient in a way that was just not possible before. when you think about underserved areas, you tend to think of remote locations. but the reality is, an underserved area is anywhere where the person that you need, who has the expertise for the problem that you have, is nowhere near you. low latency is crucial for things like surgery, because the response time has to be immediate, it has to be real. i could put on vr goggles like these, and when i move my hand, the robot on the other side
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>> they are many, and obama start, the economy is getting better. >> interesting stuff, thank you very much. that is it for forbes, have a wonderful weekend, thanks for watching, keep it here, the number one business continues. >> congress has reached an agreement on tax legislation that will deliver more jobs, higher wages and massive tax relief for american families and american companies. >> the class worker debate after the gop releases its final tax reform bill. and and welcome to cashing in. gerri willis, scott
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