>> vanguard telecom, i think it will be the big win with the tax cut. >> thanks so much for joining us. goodhahahahahahahahahahahahahah. charles payne is in for >> as the ball drops on the new year, america is about to drop a trillion dollars on if the structure. i'm charles payne in for neil cavuto. the trump administration is preparing a new infrastructure deal for 2018. officials are working on a $1 trillion plan to be unveiled in january. ben stein says slow down. with over $20 trillion in is hererñ?ñ?ñ. charlie and adam are off this week. then, your thoughts. >> i think we can spend a trillion dollars if we only spend a million dollars. week, but we have to do it, we cannot afford actually dollars over the next few

dollars tax cut. we are putting americans and our children, our grandchildren at risk of default. we just cannot afford to keep spending money like drunken sailors. i know i do spend money like a drunken sailor and i know it's not a good way to behave for an individual or a nation. >> no disrespect but most drunken sailors earn their money so they will spend that prerogative. >> their hard-working and they served us very wellin world war$lñ?ñ? ii. >> i think this message is also floating around because apparently this package will include public and private and even raising 200 billion from the federal government is getting some pushback. ben talks about future generations, our children's children will have a great appreciation for these bridges because they will be living under them. they won't be able to afford housing or they will be completely broke. [laughter]

>> the interesting thing here is that this is a project, if the structure is something that democrats have really said they wanted a lot, they had a big bill under sít&q ç enougy look like they're going to be on board with this. infrastructure spending, but i don't think democrats are going to buy into another windfall for the private sector. certainly we could have afforded a trillion dollar infrastructure bill before we gave away a $1.5 trillion tax cut, maybe we could've in d.c., but if trump moves forward with tax credits to the private sector, that won't work. we do have schools that are crumbling. bridges that are falling. resentment. [inaudible] >> to your resentment toward the private sector would stop you from building new hospitals and schools.

>> i don't have resentment for the private sector print i just don't want the profit motive to be what drives a private sector doesn't think they can get back their money by helping to rebuild schools, the not going to do that. they're gonna go focus on roads where they can increase tolls or electric utilities or they can increase the rates. there has to be a balance and i'm afraid this administration is fully focused on tax credits for >> but i think we, to the private sector for some taxes. there's no reason we should not have a higher gasoline tax. we have on our staff here at fax an incredibly wonderful person who has been pushing for years for higher gasoline taxes. she is totally right. afforded have big improvements of the roads and forth, why not have a higher gasoline tax. when i have a higher tax on

utility? there's no reason we cannot raise taxes to pay for these things. this is a very rich country. >> let's bring in the proxy for today show. >> i would say the motive has gotten us to drugs, they help our life expectancy go to they've gotten us devices that help us mitigate with kids weather in school. i think the proper motivation has actually made america the number one country in the world. despite all that, are they going to be lured into this bill. can they come up with $800 billion to fulfill this plan? >> charles, this is a need to have, not a want to have. we need competitive roads, bridges, tunnels and

visit other countries and you see their airports, their roads, bridges are much better and we squander money left and right like drunken sailors. what's interesting is we had . we could've used about two or $3 trillion of corporate, private sector cash that was overseas to be tax to pay for the structure. instead we look at things like privatization, toll roads, gas tax which are all regressive taxes. i'm not in favor of increasing taxes to pay for something when the money was already available. we could've paid for this and this would unite both sides of the aisle. it would be great for the country. >> i think everyone out there has their own tales of potholes or something and everyone has their own infrastructure nightmare out there watching the show. and not in my mind is what should make this easier. the debate on it could get muddled in the sense that, hey, let's get it5? done. >> but everyone pretends like we can afford all this. it's funny because the same crowd that gets so upset about bernie sanders medicare

an eyelash about the amount of money it would cost for infrastructure. there are, most people who are more invested in healthcare and making sure the government doesn't scrub healthcare because larry's right, that's an absolute need. that's a necessity. if you required cancer treatment are your child need surgery or something else. it's sad that there are roads and bridges that are crumbling and in a state of disrepair, but there are >> how would you pay for them. >> i think there are toll roads specifically in california that you pay for and you don't have to pay for them as a taxpayer, but if you use them you go ahead and pay for the toll road. marijuana in california. >> you will have a tax on marijuana. >> let's have a huge tax on marijuana. >> then you create an even bigger black market. there's a 13 billion-dollar marijuana black market right now in california. that the

legal market will be about $5 billion. if you overtax it will be even less. you will increase the black market therefore increasing crime. >> let me go back and will get off the weed comment for just a moment. them will return to them during break. , you and larry brought up the tax bill. that's in the rearview mirror. we are dealing with reality, january is upon us, to have a great economy, you need great roads. this is something that universally everyone is agreeing on so i'm still not democrats will push back on this very topic that they've champion for so long because there might be some sliver that creates profit for the private sector. >> i think were talking about i think were talking about another windfall for the private sector. there has to be some balance. i think that's possible. i am in favor of democrats coming to the table and

sitting down with the administration and saying this is the best way forward. i don't think this is an area resistance, but we also need to hold the line when it comes to making sure the spending that goes into our infrastructure is not just driven by the profit motive. >> that's for cost come down and you introduce competition. bad thing. kennedy, but. >> if a private company is not going to be able to make money by investing in a school to help rebuild it and they're only going to focus on roads, what happens to that school? balance because our schools are a big part. [inaudible]

>> surely you are not opposed to contractors building roads or schools. that's how it's always been. even public universities and public high schools, private contractors built those. >> absolutely. >> let me squeeze in here please. >> there's a history of cost overruns on big public works that's why we don't have the money. must we want to cut something the money won't be there and it's too bad that that is where it is but that's a starting point we have to find a way to make some cuts. >> let's not forget we started with the war and navy analogy. even back in the day, world war ii bought those war bonds. suspected all along, but will an apology be enough?

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reaction back in 2009 at noon eastern. now back to cavuto on business. >> is something rotten that apple? the2ñ?ñ?ñ company apologizing r admitting the slowing down

older iphones, but class-action lawsuits are piling up from customers who say they've been duped and their dying phone to more his sorry good enough? >> sorry is not good enough. steve jobs must be rolling over in his grave. we trusted you. you let us down. what else are you hiding? the me get this straight. you intentionally slow down my phone, you didn't disclose it, and you did this so i would upgrade to a more expensive product. the love is gone, i'm done with you, i'm going to samsung, i think a lot of people are coming with me. this is not how corporate america should behave. big tech companies like apple are too powerful and the regulators will take note. in part because they have a cultlike following. this certainly does shake the foundation. >> but people also have been looking for signs that steve jobs influence is waning. now they are looking at other phones and larry's right. samsung and a lot of people

are going, i have been so but now they have competitors who offer even better products in some cases. they will go into the at&t store, the horizon store and poke around a little bit becausel) years and it's always been a joke that when a new iphone comes out in your starts getting glitchy and the battery starts going down and the phone stops working properly, it's been a joke and almost a conspiracy theory but now we know it's actually happening. it does start to erode some of that brand loyalty. >> there goes those s-uppercase-letter again. >> i am a proud member of the apple colt and i have been for many, many years. i was already upset by the fact that my chargers would basically fall apart after three months, and that's planned obsolescence from an engineering standpoint. i am ready to join this class-action because my iphone six is ridiculously

slow. it is so upsetting. apple's brand is so key to their success. they have the most successful that there's, the fact that they've done this is very surprising and they do think there will be a lot of low back. i can't imagine i'm to give up my iphone though, but i might go take a look. this 24 hour revealed that tim cook, apple ceo got a huge pay raise on top of it all. >> not only did he get a huge payraise but the woman in charge of their stores and online sales got roughly sale. the fact that will slow down your phone and make you think you need a new one couldn't be. [inaudible]uññ?ñ?

some people will get to be fantastically rich. i question whether not somebody in new york or california is not going to charge them with a crime. what they've done is really shameful. i love my apple product, but i'm very disappointed in them. i think they should've consulted their lawyers and lawyers and their lawyers and tell them to back off, the lawyer should be ashamed. >> sales for the iphone ten aren't that hot to begin with so they are in serious they. >> so those apple, so goes the market because it's a big driver of the overall economy. it's a big driver of the stock market. i think that's a real concern, they have such a product. it creates a lot of pressure. loyalty.

they might still buy the product but the love is gone. i think that's where the issue is. everyone will look at apple little bit differently and

>> in the spirit of new year's resolutions, critics are calling on president trump to quit twitter. a new study shows nearly two thirds of the media coverage

of his first days in office were negative. that compares to only 20% for president obama. does trump need twitter to >> i don't have a problem with him using twitter. i understand why he uses it. i do have a problem with some of the things he sets. he often times goes too far and is very impulsive but i think he does on purpose to misdirect the press, and they go for it. they need each other. he's not going to stop twitter. they pretend to be disgusted by it, they asked him to addicted to it as you possibly could be. there is no methadone program for presidential twitter addict. >> it's a new addiction. then, i think you've been a critic of president trump tweeting from time to time. >> i have been. and he sometime should be a little more considerate and thinking about things will bit more before he shoots off his twitter mouth, but i think it's a totally fair thing for him to strike back and it's a beautiful thing that he can strike back against the overwhelmingly

negative press by getting out his own message and some of ; are just such basic common sense, you have to really love the guy for it. as i say, i wish you would be more considerate of sometimes saying too much, but i think he's got an awful lot going for him. >> in that same report, only 5% of the coverage of the first 60 days is positive. 5%. what i found interesting was bush and clinton had 2022% each. it seems like there was a bipartisan sign with a but that both sides of the aisle the same way. why does donald trump ruffle their feathers so much? why is there so much resentment. >> i think it's a whole chicken and egg situation. petulant-xñ?ñ? child. it would be great if president trump would use twitter as a platform to help unify the country and start

behaving like a president in a respectful way, but that's go down. i really think the negative press coverage versus what we've seen this past president is because we have a bully in the white house. he likes to punch. >> the media is a bully. >> and larry, to that point, in the past month or so, we've seen the media have to story after story after story, all mean-spirited stories and demeaning present trump. if they would've done journalism 101, take a deep breath and done some basic homework they would have realized what they were reporting to the world was incorrect, but in their hate to always find her it feels

the wind. >> it's so true. pt barnum once said there's no such thing as bad publicity and sometimes he tweets things that seem a little crazy but he's crazy like a fox. no politician in history has ever use social media the way this presidentp6ñ?ñ? has and hes been so successful at dominating it. he is playing with the media. but, at the end of the day, he has very low approval ratings but the sentiment the stuff that people are reading in and looking at the policy and reacting to. i think that's important. >> should there be concerns propensity to fight back he is a counterpunch or? some people say he punches down or legitimizes folksy should ignore that he could cross the line accidentally and it could have, it could harm him. >> sometimes he doesn't realize he's president of the united states. i honestly think that it when he's reacting to people he office because he has been

counterpunching in analyzing and thinking about politics in this way for so long that the other stuff is going to take a little bit more time. >> is there any chance that the media may come around. >> no. i doubt it. president trump in his recent new york times interview where he says the press needs me for their cliques and their viewers and that was absolutely the case. that was still the case. there's more not just from a -t)9e, profit motive. >> the failing new york's time stock is up 39% this year. maybe having a bully as a president ain't so bad.

i want to say thank you to both of you. great job. have a great new year. nearly a third of americans planning to use next year's tax refund payoff quality bills. our guys say b here's to the heroes -- america's small business owners. and here's to the heroes behind the heroes, who use their expertise to keep those businesses covered. and here's to the heroes behind the heroes behind the heroes, who brought us delicious gyros. actually, the gyro hero owns vero's gyros, so he should have been with those first heroes. ha ha! that's better. so, to recap -- small business owners are heroes, and our heroes help heroes be heroes when they're not eating gyros delivered by -- ah, you know what i mean.

>> stocks to help pay off your holiday bills. if everybody sold it for a tax sale. there's a new ceo and turn

around going on and time to buy 20%. charles: ben, what do you like? >> the spdr's, just buy the market. charles: thank you very much. of course, catch me on making money on the fox business network. the cost of freedom continues, happy new year. >> well, a new year coming and it looks like the u.n. may have to get used to seeing some of its money going away. hi, everybody. i'm david asman, welcome to forbes on fox. u.n. ambassador to the u.n. nikki haley announcing 285 million dollar cut to the united nations budget calling it a big step in the right direction. is she right or wrong? let's go in focus to find out with steve forbes, bill baldwin, john tamny and bruce jansen is with us and patrice. steve, is ambassador haley doing the right thing? >> yes, david, it's a good step in the right direction. the u.n. can hospital on half the money it spends today. one is an