tv Cavuto Coast to Coast FOX Business January 2, 2018 12:00pm-2:00pm EST
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today. happy birthday to you. liz: thank you so much. ashley: january 2nd -- liz: i get christmas reject presents, closet full of potpourri, scented cancandles. i'm waiting for my olive garden pasta pass. neil: happy birthday, lizzie, i have your hickory farms meat of the month. the gift that keeps on giving. thank you very much. dow in celebration of lizzie's birthday pushing towards 25-k. it is off earlier highs in the day. there. is lot of back and fourth about the very busy congressional agenda. they have a lot to do, folks, before january 19th. you know the drill. we'll presumably be out of money they because of deadlines they put up something, but sometimes it is not worth putting up. adam shapiro reporting from the
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white house. reporter: there is a lot going on, neil. in addition to what the president says will be his agenda, there is infrastructure. the deal working out with regard to daca. there is on the hill the fight to raise spending limits because we do run out of money on january 19th. the president back at work today, awaiting congress to return. senate will be in session wednesday and next week the house will return. the president actually tweeted this morning saying democrats are doing nothing for daca. interested in politics, activists, hispanics will go hard against dems, will be quote, falling in love with republicans and their president. we are about results. in the effort to get results the president, at least his team will be meeting with what they call the big four on capitol hill. marc short from the white house, the legislative affairs director along with mick mulvaney from the office of management and budget will meet with leader mcconnell in the senate,
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paul ryan, nancy pelosi from the house and chuck schumer, the minority leader in the senate. where does all of this lead? on "fox & friends this morning kellyanne conway said this about getting bipartisan deals done this year. >> america should look at this as a very positive development. we hope, we'll make clear on of behalf the president, we want democratic support on these measures. we wanted it on middle class tax cuts. we wanted it on the availability and affordability of health care. for 30 million americans who don't have it. reporter: these are some of the issues. president is back at work today. we're waiting on congress. sound familiar, neil? neil: does sound familiar. thank you very much, my friend, adam shapiro. republicans are pushing for a spending bill to avoid a shutdown. it takes two to tango on this or not. remember this is something by new rules since we had a tax agreement in the last or part of this fiscal year, they can't do this again without democratic support. in other words this is simply not the kind of thing that can
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be done by republican fiat here, whether they have a 51-49 majority as we will soon or 52-48 majority they had before. they will need help on the democratic side. there inlies the rub, difference, maybe a shutdown. to role -- roll call reporter. help me, what are the expectations right now to avoid a shutdown? everyone says can not be tolerated can not be countenanced. what do you hear? >> happy new year. thank you for having me. i think a shutdown is unlikely at this point, especially going into 2018 midterms. no one wants that on their records, republicans and democrats alike. we're looking at another temporary resolution that depends on how the meeting goes with the big four. if they come to consensus on spending levels or not, if they come to consensus they have only
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2 1/2 weeks to rewrite spending bills, get them to congress on the president's desk. that is very limited amount of time that makes it likely they will need another cr. neil: it is always different when a party switches the role, whether it is the majority party or whether it is in the role of being the minority party. so democrats used to balk at republicans adding must have features in spending measure, are quite open when it comes to daca and everything like that included in a spending measure. who will win this? >> democrats and moderate republicans need to figure out if it is worth it to keep pushing something like daca as a spending bill or cave in order, not let another government shutdown happen. so i do think republicans are probably have the upper hand right now just because like i said it is an election year and people are not trying to have a government of the shut downright now. neil: there are couple things ahead of this meeting senior
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congressional leaders will both have with chief of staff john kelly, mick mulvaney over at omb. obviously from the white house point of view, they will read the riot act, there are limitations what we can do. when the president proposed a budget that was draconian because it would only increase spending by inflation rate, they said that was dead on arrival. now we come to an an agreement spending will increase at 7% clip and they're balking about that. >> right. seems like democrats have their hands tied here because speaker ryan and mitch mcconnell are going to just do whatever the numbers that the president wants. and so there is going to be a lot of balking but we'll see what happens after the election because they have only so much time while they have both the house and the senate to get something done. neil: is that why some of the conservative members, alex, are the ones saying, look this might be our last chance to prove our metal on a spending issue, so
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let's not settle, let's not go quietly into the night on this? let's really make this a cause. what do you think? >> i think members in the freedom caucus they might get paul ryan to do a little more and they have only so much time to do that so their voices will be pretty powerful when they go into negotiations. they are not ones to come to compromise as we've seen in the past. you're right, think do have the upper hand right now in terms of different factions of the republican party. neil: there are all sorts of stories circulating in washington right now, maybe you're among the authors, have the deficit being far worse than earlier envisioned. there is the possibility with enactment of tax reform, aggressive spending for tax relief we could tip a trillion dollars that happened before with the obama administration. could be a first for the trump
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administration. how would republicans deal with that if that happens? >> this is tough situation with hurricane money, wildfire money, republicans have to figure out where priorities are. there is a whole slew of issues at that will need compromise. they have to figure out what more likely they should cave on or what they need to push more in order to get this done. like we said, with the government shutdown looming, there is a lot of pressure right now to see where priorities lie. neil: usually what is involved is more spending. alex, thank you very much. >> thank you. neil: we have the dow down 49 points. if they're churning and worrying about protests going on in iran they certainly have a funny way to show it. we're starting off the first year of the new year off with considerable gains but it is iran has a lot of folks concerned. whether you like the iranians, don't like the iranians, whether you like the regime, or don't like the regime, could this be a black swan event that no one saw
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obviously the equation in this case in the middle east. the deadly, increasingly violent protests in iran. normally after people are killed these protests mysteriously stop. but they're not stopping. connell mcshane with the very latest. reporter: day six of the protests. looks like the government crackdown has at least intensified. 13 are dead. that is hard to verify. the iranian reports say number of dead are high as 20 at this point. we heard comment first time publicly from the supreme leader from iran, ayatollah khomeni. he blamed the nation's enemies for the protests. he didn't elaborate beyond that as enemies. president trump is supportive from those out in the streets. here is the president's tweet on the subject. the people of iran are finally acting against the corrupt iranian regime. all the money president obama
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gave -- foolishly gave them went into terrorism and into their pockets. the people have little food and big inflation. no human rights. the u.s. is watching. they are trying not to do economic damage to the people of iran. fox news meantime obtain ad leaked report shows how the supreme leader had meetings with the political leaders and the security forces there, talking about how they might calm the protests down. this leak covers meetings held up into the 31st of december. even then they were saying apparently in the meetings that the protests damaged every sector of the nation's economy and even threatened the regime's security. at this point, neil, we're waiting for further word out of iran. see if the security forces even become moring more aggressive wh protesters in the streets. neil: thanks very much, connell. let's see what happens next with
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former navy seal commander david sears. these events ended in the past, violentty, sporadically, with the regime still in power, still protected, still doing its thing. what do you see happening here? >> i see largely the same. it is, the regime is damaged though. its legitimacy will be damaged by this even more t can only go on for so long. eventually the people are going to have a movement where they're able to rise up and get rid of them. as far as this one goes i see it causing more issues but not -- this will not lead to regime change this time. neil: you know what is interesting about this, dave, maybe i learned this from the last time you were with me, the idea idea that sanctions have an impact. they have impact when everyone in the country feels impact. the idea with the nuclear agreement, the sanctions were eased but yet iranians are feeling a delayed pinch and not happy about it. what do you think? >> they are absolutely because you have sort of a man in the
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hightower syndrome. you have to remember their system is not like ours. they have a supreme leader, ayatollah khomeni who runs everything. their president doesn't look like ours. their irgc, the revolutionary guard, they control a huge amount of the economy so the people are not seeing effect of sanctions being lifted. that money is poured into hezbollah. they have tripled or beyond that, the money given to hezbollah. they are involved in syria. they have re-engaged and given money back, largest contributor to hamas. the people will not see the money. the regime doesn't see the need to give it to them yet. it may change. neil: it is like a wounded animal, pinned in the corner they could decidedly be more violent and do decidedly worst things, right? >> they can. iranian regime have the weapons
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and they won't hesitate to do that if they feel caged. the people you're talking about, protesters, 60% of the populace is under 30 there. you're right. they are also wounded animals. it is coming to a showdown next couple years, without a doubt. neil: what would happen if the president, our president tempted fate, abdicated the entire agreement he all but telegraphed, then what? it would obviously throw the government there into even more desperate straits, right? >> absolutely. i'm all for upping the pressure. i don't think -- we let the gas off the pedal or pedal off the gas, however you want to say it, we let off with the iranian deal. we should keep the pressure up. now is the time to amp up the pressure. start doing targeted sanctions on the regime leadership, on their bank accounts, on their ability to travel. start naming and shaming to some extent those guys. amp the pressure up. neil: i know we'll address this later in the show, i would be curious about your thoughts the president maybe stocking aid to
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pakistan beginning with the $250 million payment that is due. maybe not giving it to them. they have long countenanced and protected those who wish us ill, if not outright supported them this is the time to do that, under republican and democratic prior administrations we sort of felt that whatever money we gave to the pakistanis was money well-spent. he says enough. what do you think? >> i think there is largely a symbolic piece to this, us cutting off the money to them. pakistan has really cozied up to china in the last couple years with president xi nichetive. they think they can get money elsewhere that they need. pakistan has leverage on us, with wars in afghanistan. we need logistical supply routes. i am for cutting off the money but it has to be done with other things in mind. neil: dave sears, thank you for being our guest.
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thank you for your service. you're the real deal. appreciate it, sir. >> happy new year to, neil. neil: kim jong-un extending an olive branch to the olympics. we're saying, wait a minute, that gray suit you were wearing in the national address was not only thing that was weird. not there. trust me, it was a gray suit and i noticed it, after this. you know what they say about the early bird...
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neil: the entire state of california is now officially a sanctuary state. it is true. i.c.e. director thomas homan can not believe what he is watching or the precedent this could be shattering and other states might be following. his exclusive reaction "your world," only "your world," 4:00 p.m. eastern time today. meanwhile on this fine network, attention about the olympics. a lot of people say, neil, you are fixated on the olympic, if you would ever entertain being in one. you don't know that, do you? south korea hosting wants to do
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everything it possibly can to make sure there is no more trouble toward the north. the south korean president, telling the north korean president, come on down, try couple events, see what you think, maybe just not bomb anyone. not that simple. there are overtures between the two, which is putting the u.s. in an odd position. to the center for national interest director. harry, good to have you. happy new year. >> happy new year, neil. neil: we're kind of boxed in on this, right? >> to a certain extent. i think winston churchill was right, it is always better to jaw, jaw, than war, war. maybe there is good that can come out of south korea and north korea talking. even if they do talk it, would take months to get anything started there. is potential that north korean athletes could compete in the olympics. that is great. i don't think that is bad thing. neil: lindsey graham saying that would be a travesty. i'm paraphrasing here, but to even allow that, that would be awful. you say? >> no. i think that is going a little
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too far. they're athletes. we tend to overpoliticize these things f north korean athletes want to compete, i say that is fine. my question, what will the north koreans want for that? usually they want to be bribed or want sanctions lifted. i doubt they will want this clean. they will want something for it. this overture by the north koreans came in addressessed to the nation, this time wearing a gray suit. a lot of people made a big deal. they always see him in black. i find that to be a thinning color. people say he chose that. that wasn't by accident. told generally lighter colors are warmer, inviting image. didn't exactly do the trick in these image. what do you make of that? >> i want to know who kim jong-un's tailor is. he has maoist black, double breasted, almost looks like a gangster almost. i think this was a pr move to lighten his image. he looked more like al capp tone
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than a -- al capone, not a business leader. i don't think that will be -- neil: i won't be so tacky. i thought the suit didn't fit but i will go in another direction. do you find in this i also worry south koreans are worried about making good on billion dollar plus investment for the olympic games. they don't want anything to deter from that. likely russians will participate. ioc doesn't want them to participate at least under the banner of russia. other countries closer to the event in february saying, you know what? this is looking dicey here. we don't want anything to do with it. in other words, could this lead the south koreans to do things they might regret later? >> i think so, to be honest with you. the south koreans are in a bad position here. neil: absolutely. >> they put billions of dollars into this. even american firms and others put billions of dollars into this. so this is a no-win situation for everybody. of course the south koreans will make the best of it.
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i guarranty you, neil, the north koreans use this for propaganda advantage. they will test a icbm or nuclear weapon or hack these olympics. they won't just do nothing. that he will do something here. neil: that is interesting development. the scenario very likely, if they do something during the olympics themselves what would we do, especially if we had athletes there, our athletes? >> i don't think they would attack the olympics or anything like that. >> i think they would do a standard test like they have been doing? >> i think we amp the sanctions up more than they are now. there is a lot more we can do. i thought it was a little sad in the last u.n. security council resolution, we'll wait 24 months to phase out north korean slave labor. it should be 30 days. that is something we can do off the bat if the north koreans want to test us. the north korean economy is 1/3 the size of ethiopia. that is where -- neil: countless administrations
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argued the same point very adeptly to no avail. north koreans still do what they do. world largely ignores this. global markets largely ignore this i wonder, there is a point you can't ignore something. i don't know what that point would be, but i'm wondering if we merrily go our own way, markets merrily go their own way, albeit you have a nut, in a nice gray suit, talking pretty dark stuff? >> i think where we are here, we're doing every possible thing short of war. i think this administration realizes there is no viable military option here. we could go in guns blazing. we could take out the nuclear weapons and missiles. think about this, neil, we must one nuclear weapon, you know kim jong-un will turn that on seoul or tokyo. those combined populations are 60 million people in the metro areas. not even thinking if kim could hit the u.s. we're doing the strangulation method.
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i think it is really working. i think that is our best option. there is really no military option here, unless we're willing to sacrifice millions of people. that is the honest truth. neil: unless they have a death wish themselves, the north koreans, that is mutual death wish in that case. >> absolutely. neil: harry, great to see you. happy new year. >> happy new year. neil: meantime pretty cold new year. coldest on record in a lot of places. i think it is seven degrees here. it is cold. but with the windchill feels like six. very, very cold. telling you, we were looking at the weather map, is that right in memphis, it was before, 9 degrees? this is nationwide now. this is bigger than the northeast. a lot of you say it is the northeast complaining about the cold weather. no, it's a good chunk of america. i herd from janice dean, 250 million americans in the path of this subfreezing weather. never have some been hit by temperatures so low after this.
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neil: feeling lucky? megamillions powerball drawing tonight. $800 million, possible one person can win all the money. my staff is on this as well. they have already assured me, if they win, kept me out of this, they will come to work the very next day. nice of them. apple is looking to spend money they have. talking about cash hoard. they might be sniffing around netflix and according to citi and other brokerage firms monitoring their cash and behavior closely. we have gerri willis. >> what do you do with so much money? citigroup is speculating that there is who% chance -- 40 apple will be a quicker netflix now
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that the tax bill is law. apple has 252 billion in cash, much it overseas. bringing it home under the one-time favorable tax treatment will give apple a huge war chess to buy companies. after after tax they have $220 billion to go shopping. according to citigroup that would allow apple to buy netflix twice over. consider the market cap. apple at 860 billion. netflix at 83 billion. netflix could be a good fit because apple struggled to provide it. v or movie content. a lot will ride on the success of apple's first two scripted video series. it is first is steven spielberg anthology series. the second, untitled drama about a television morning show starring jennifer aniston and reese witherspoon. i'm sure that has lots of laugh. according to the citi analysts
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targets are electronic arts, take two, activision, tesla, it could mean anything. amazon is may be targeting target as a way to bolster brick-and-mortar store offerings. who knows, it's a lot of guesswork at this point. neil: it is a lot of guesswork, when you have a lot of cash, you get a lot of guesswork. thank you very, very much, gerri willis. we have this bone-chilling cold gripping much the united states. to meteorologist adam klotz what we're looking at. he is at the fox weather center now. hey, adam. >> neil, you're absolutely right. it is frigid as we're looking at temperatures two degrees in chicago up to 21 degrees in new york city. all this cold air settling in, talk about in texas 32 in dallas and 26, in san antonio. feels like negative 15 degrees in chicago, negative 10 in
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cleveland. this is just going to continue to linger and sit around here next couple of days. no surprise here, with that much wind and that cold of air, we have windchills watches and warnings. the coldest area in central indiana in chicago and a little farther off to the west this is stretching all the way down at this point into the southeast as we see temperatures getting down to freezing levels in a very wide area. your forecasted highs? i showed you the highs from today, it doesn't leave anytime soon. forecasted high taking you into tomorrow. these are not windchills. actual temperatures everywhere down into the tense and 20s. getting into the single digits. take you into thursday, things not improving. that cold air shifting farther, again back down into the teens in large portion of midwest. getting closer and closer to the east coast. high of 14 degrees in new york city. cold air stretching across the country. the big story going forward, all
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the cold air what might happen next. a low pressure system forming off the coast of florida. this is one to pay attention. as you run up, you have that cold air, a little indecision how close it will get to the coast. if this bums up along the coast, we could talking about big snowfall totals here by end of this week, running into the weekend t has to do with the cold air and rain coming together. neil: then i'm told whatever happens with that, there is even colder air behind it? >> just with the circulation here, it grabs the cold air, pushes it back down into the middle of the country. so just one after another after another. neil: my gosh, i love having you on, adam. you have to bring better news. >> always bringing bad news what i'm here. neil: adam, thank you very much. effective today, 18 states are increasing minimum wage. many are already at 15 bucks an hour. the federal minimum wage is $7.25 an hour.
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to former cke restaurant ceo, andy puzder. despite republican calls that this will hurt business, it ising in but. see record low unemployment and people handling that, what do you say? >> i think as a result of economic surge we're going through right now. it surprised me, i thought i would have a economic surge. i didn't think we would be 3%gdp in second quarter of the trump administration. it should be close to four in the fourth quarter. with cities with low unemployment rates, you're seeing wages increase on their own. with tax reform and regulatory reform, we saw a number of companies announced right after the tax bill passed, big companies, bank of america, boeing, wells fargo, they were going to 15 for their base wage. within a couple of days, a bunch of regional banks announced they were going to 15. there is website for idaho lists 28 companies just in the state of idaho have announced they're
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increasing wages. so this economic surge is having much bigger impact than any minimum wage. neil: i know what you're saying. wind at the back what is happening with regulatory front and tax front. i understand all of that but a crafty politician could turn that against a republican running for re-election, saying this is the guy who was against raising the minimum wage and look what is going on. will republicans rue the day they fought this as aggressively as they did? >> there is a big difference between the government compelling wages to increase. the best studies out of, out of washington with seattle and out of california, going to $15 an hour in seattle and in san francisco hurt working class americans. when you have, when you have compelled, coerce i have increases in wages because the government increases the minimum wage, businesses close and they reduce hours. when you have economic growth increasing wages, when you have employers competing for employees and putting pressure
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on wages, then you've got something you can sustain. you have got people, with the money from tax reform, the money from regulatory relief, and increased business from the economic growth they generate, businesses are very enthusiastic about increasing employees wages despite what you might hear from bernie sanders and elizabeth warren. businesses do like to increase wages and see that their employees get more and that is exactly what you're seeing with economic growth, not with those compulsive, coercive minimum wage increases. neil: are you surprised that right now, andy, i was thinking about our last guest, are you worried that the president isn't benefiting more, there is legitimate economic boom? whether he takes all the credit, a lot of economists debate but the market has run up a lot since he became president, certainly since he was elected, economy firing on all proverbial
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cylinders, yet his approval ratings are stuck in the mud. are you surprised by that? >> only because of the negative media coverage he gets extensively. he gets fair coverage on fox, fox business, some other business shows he does not get any fair coverage. forget about the economy for a minute, we defeated isis in iraq. iran, it is a complete mess, maybe inspired by the fact we now have a president that would support them which we didn't have in 2009. look at spurt in economic growth. no way you can attribute this to barack obama, particularly wage increases that happened last week. vast numbers of companies announcing they're going to $15 an hour because of the tax bill. so this is -- neil: a lot of it was mandated, a lot was mandate already, right? it was going to happen whether the firms liked it or not, right? >> i tell you what, this didn't get a lot of coverage, maybe give you exclusive thing here, look at associates bank in wisconsin, you look at, in your
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home state, look at oceans bank in new jersey, you look in pennsylvania, mfy, look at north carolina, bb and c, which did not have mandate to go to $15. these regional banks went within $15 within two days of other companies going, competition for employees increases wages legitimately and sustainably, and that is what we're seeing. this is amazing economic aweakening in the united states, something we've been waiting for for eight years. with this president and congress we're starting to get it. neil: you were up for the labor position, stepped down, because of controversy, none of your own making i say that, maybe post that experience the administration apparently has been having a devil of a time finding people to join it. a lot might be the president himself or controversy he generates. a lot of might be because it's a pretty tough process to go through, almost too personally
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tough and cruel. what do you think is going on? >> well, look i think before i went through this process i always, when i heard that good people didn't, didn't want to join government, didn't want to participate in the process because of the all the scrutiny you had to go through, i kind of poo pooed it, i didn't give it a lot of consideration because i thought the truth will out. what i find out in the process, you could be right, not committed anything things they allege you commit, you end up with reputation sneered. ray donovan, secretary of labor, charged with a felony, was acquitted, where do i go to get my reputation back. not a lot of people in business want to keep their reputation. it is tough process and not proof. you no longer need 60 votes to get somebody approved for these positions. so you find, that is harry reid's doing. it is not the republican's
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doing, that was harry reid. all you need is 51 votes and with, with the democrats not, republicans having that and democrats having a very difficult time fighting it, they will do figure they can to keep people out of office if they think it is a position important to them. i went through that others have gone through it. i'm hoping americans will step up. it is such a great time in our history. i think sean spicer said it, i will repeat it, if this president asked me to come mow the lawn, i will mow the lawn. anything to keep this going, this is incredible, incredible time in our history. people need to step up. neil: you gave yourself an out. too cold to mow the lawn. >> that's true. neil: andy, thank you very much. >> same here. neil: do any of you like big superhero, big, big, superhero movies? there are a lot of them. she relates it to fracking, a temporary thrill and high but longer term it is bad. i love jodie foster, don't get me wrong. americans go to escape at a
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you're skinny and beautiful, you get away with gouging your fan base. i will have lauren simonetti explain. what is going on, lauren? >> oh, boy, taylor swift, is actually hitting the road for the first time in two years. neil, this is a very big deal. her reputation tour kicks off in arizona in may 8th. the "new york post" is reporting it might be a disaster to swift's reputation. tickets went on sale a month ago. tons of seats are available. nothing is sold out. if you remember, back in 2015 that tour sold out in minutes. still, this time, prices are high. what is going on? well the "new york post" found this twitter users, swiftie love, i paid 150 bucks for my ticket with amazing seats for the 1989 tour. for the same seats i have to pay about 500. my way on now, tweets, with is taylor swift's reputation worth? not the jacked up prices she is
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charging for her concert tickets self says, taylor swift would need to pick me up to drive me to the concert at that price. neil, haters are going to hate. the fans hate the way she sold her tickets. tickets master used verified fan program, and a new feature they call boost. for example, if you drop 50 bucks and buy a taylor swift t-shirt, you boost your spot in line to get better tickets. the keep real fans access and keep scalpers buying tickets early and jacking up prices later on. real fans say tickets are available, we paid too much in the beginning. ticketmaster says this is the new, modern system for the modern age. it is market-driften. all of this potentially embarrassing. she has no soldout tours.
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album number one for four weeks. neil: album is cheaper than tickets. something adele never entertained in her illustrious career. just saying. thank you very much. joe piscopo, famous picture with taylor swift. this might have sealed it. if the fans saw this. i am not going to pay a lot of money for that ticket. good to see you, my friend. >> happy new year. neil: what do you make of this? >> leave taylor alone. this is magnificent talent. you can't pay enough for taylor swift ticket. did i tell you i'm kind of friends with her? neil: i know that. when you and i opened up -- >> two old guys. neil: when you and i opened up at the olive garden, olive garden didn't all of sudden quadruple the rate for cheese sticks, you know. >> i went to olive garden in utah, in salt lake city, people looked at us like we were museum
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pieces. look at that italians. that is the only italian joke i could find was at an olive garden. neil: this is little greedy. all these places they thought she was bulletproof, would pay the sun, moon and stars. she is gifted singer. no adele, mind you. people said, come on, no. >> listen, she is an icon. she is spectacular. i have to tell you, you're not buying any of this, we went to the "snl" 40 couple years ago. neil: you and her together? >> no. you and i together. i wish her and i were together. she went like this. this is great. she goes up to me, i was with gal i was with at the time. and she was, she heard age range would appreciate taylor swift. she says we have to meet taylor swift. i said okay. i go to meet taylor swift. she took a picture. taylor came over and took a picture. she said to me i'm taking a picture with you. she had no idea who i was. i'm convinced she tells that to
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everybody. neil: you don't realize -- >> she was so nice. we go to the plaza. lorne put together this. neil: quit name dropping. >> i call him the grand high, exalted ruler. we go in, taylor follows paul mccartney. impossible. she crushed it. she played, she played with mccartney and -- neil: did adele make that? >> no, i'm sorry. neil: why i didn't go. >> she did ask about you. how was neil. neil: yes. radio city sold out the show, with voice like butter. let me switch -- >> north koreans, those guys, kim jong-un's guys. you ever sigh the goose-step they do? it is the rockette's step. neil: right before the maji scene. i missed it. could i is you about jodie foster, who i love, she is a great actress and director.
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she really railed against all the superhero movies, sending the wrong signal. studios are making bad content in order to appeal to the shareholders. it is like fracking, you get the best return right now but you wreck the earth. what do you think of that? >> listen, she is academy award. neil: know that i said that. >> she can do whatever she wants. neil: no, she can't. you can act very condescending but you don't. >> i think celebrities, with respect to miss foster, i don't know who she is, just zip it up. if you don't want to, get a radio show, go into the arena. neil: she is treating us like we're idiots. a lot go for our kid. the kid love it. >> yeah. neil: you know, leave it at that a lot of times seek escapism and -- >> you're right. neil: watching you at an event, having a few good yucks, call it a day. calm down. >> you're absolutely right. neil: i know i'm right. >> look at the "jeopardy" board?
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neil: dow 30. collared green. definitely green. definitely green. he is being look at the dow 30. >> i'm looking at this board -- neil: our floor director said i thought he would stick to script? >> i'm over for $50 now? neil: goldman sachs for 50? not the board, is this like, come on. escape system escapism, right? >> everybody has to settle down. if you notice after christmas break. the government wasn't shut down. the tax bill, that this whole reform situation that went through the tax reform. neil: where are we going here? making a point? >> yeah, i am, i say everything is okay. as they say in italian, everybody has to relax. everybody on both sides have to relax. i'm feeling it on the radio. it is okay. neil: you have a lot of angry listeners. >> no. you have to be careful. everything feels like it is
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pretty much in order. i like it. if you're a celebrity, worried about superheroes, this is what we have to worry about? neil: she doesn't like the trend, four out of the five big pictures were blockbusters, superhero type films. fine that is the way it is. none will get a shot at oscars. so she could relax. >> she just directed one. neil: she is free to have that point of view but you didn't find it con today sending? >> no. neil: you still want to ingratiate yourself to that phony crowd. >> what the hollywood crowd? neil: yeah. >> i keep telling you i'm not on a-list, i'm not on the b-list. i'm not on the wait list. are you kidding me? just went out there to l.a. neil: that's great. >> no it was great. neil: we're done. you're the best. more after this.
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you welcome back everybody. we are looking at a market up about 41 points. want to give you a look at the to do list for the congress. february 19, the time all the money runs out. in no certain order, just to let you know about healthcare, immigration issues, emergency relief for disaster victims, they've got about $200 million that has to be sorted out for emergency aid as well, they've got dac a, chain migration, a possible wall, sequester rules, automatic spending cuts if they want to overwrite this has to be
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settled and done in about two and half weeks. [inaudible] >> i think they will get a lot of that done. maybe not everything. there are few things where deadlines can be pushed through here and there, but bottom line is the president is coming in with a very busy agenda. he wants to see something done on immigration, on the budget, on infrastructure and many other areas. we will see if the democrats want come to the table and work with republicans to get something done. >> all right, but it's this dac a thing, deferred action for childhood arrival that will be a bone of contention for what's odd is the same democrats pushing for that railed against republicans when they wanted to push similar causes in spending measures. understand how politics works,
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but this could be a 321 to settle because the president said i'll give you that if you give me the wall. who wins? >> i think democrats will have to decide if actually do want to work with the president and compromise. it's hard compromise with people who come back and say the only thing were going to offer you in return is more resistance. if they do want to get it done and work on immigration, we can get those things done. the president wants to work with them. we also want to keep the government open. whether those things get put together or split apart, obviously we like to have immigration done in a comprehensive and in a commonsense fashion and have the budget issue be separate. we will see where it works out. >> know bugs me about this process, you i have chatted about this, whether through pumpkins or democrats, no one seems to care about deficits and debt. no one seems to give much attention to sequestration cuts that were in place to sort of be a backbone for both parties to deal with government just running a mock herd and for the third time in as many congresses, we are going to find a way around them again. why do we come up with them in
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the first place. >> eventually, what we need are more fiscally conservative republicans in congress to deal. >> while they're not there. >> what we need more. the answer will be more come 2018, not less because the fact is, you've got have 60 votes. there are 60 votes that will cut spending and you even see democrats right now as we deal with the increase in the spending on defense and our national security which most people agree we need, your many democrats are saying they want a dollar for dollar increase on domestic social spending limits for the president and many republicans are saying that we need to take our belts, do things smarter. we have to stop judging government programs by how much we spend and how many people we serve. let's make it worth your people need government assistance so we can start to get a hold of the deficit. >> i always wonder when i hear this argument, defense spending, nondefense, we spend over $600 billion on defense. i'm sure you can make a valid argument that's not enough then democrats can make the argument
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that it's not enough, but it always seems to me that if anyone cost out various initiatives in the spending that goes on to see, let's zero base this out and then determine if we need more than all right will seek more. >> you heard the uproar when president johnson introduced his budget blueprint. >> i remember quite well. >> it was very tough. the democrats and the liberal media went nuts because you had certain programs being consolidated and they were looking for efficiencies. >> republicans went nuts to. >> summed it. >> we have to get to a point where we can come together and realize that just because we spend more money doesn't mean we care more. but spend smarter and better give more back to the states to let them do the work. we just need to get to that place again. i think we will get there. >> in the meantime we've got the
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tax cut, people will soon see that next month when it shows up in their paychecks. what you think they will do with that. >> i hope some of them will start to spend it. maybe if you will save for vacations later down the road. you're talking about a couple hundred bucks more a month in your paycheck for the average family. take your family out to dinner and a night out on the town. spend that. that's what's going to help create the economic growth, especially on the consumer side. some will use it to say for education and have to and those are all great things as well. at the end of the day, we really need and i think you will see the american people given the strong ca consumer confidence tt they will spend that money. >> to think the president sometimes steps on his message? for example, in noting the record for safety air travel, he took credit for that and i'm wondering why he did that.
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>> this president speaks with his mind and what's on his mind he communicates to the american people. >> but he had nothing to do with it. >> he's honestly taken some steps to strengthen airline security, he has a plan that would lower prices and improve security even more when it comes to aviation and modernizing air traffic control, that has stalled in congress since he first introduced that furthers a lot of things he's looking to do. he is looking to rebuild and grow from there. when it comes to stepping on the message, there is not a day that goes by the white house where there's not 50 different messages going on all once because are so many things going on. with the exception of a few outlets, were not really hearing the positive things that are happening under the leadership of president trump unless he's the one out there saying it. >> is probably something to that, but sometimes it gets a little. [inaudible] happy new year. stocks so far having a good start 2018. still early. we have three hours of trading to go. nevertheless, many people think this will be a banner year.
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we will see when earnings taken in a people can spend more the money. what you make of that? we saw some hints of that on the part of retail shoppers lifting lotta store traffic and store sales in retail stock, we see happening this year? >> 81% of consumers believe their situation is actually better than i was a year ago or the same. you are symmetrical and with the confidence and with the ability to believe they can get another job if they leave their job. consumers are confident and that's helping the economy but at the same time this tax reform will put a lot of cash back in the pockets of corporation and that will in check impact prices as well. you will see a lot more stock buyback. >> i'm wondering about this february fact, the month that
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individuals will see in their paychecks the net difference in the first paycheck the prorated difference which would mean that those initial checks are going to have a little bit more in them them will be the case in future months. when you make of that what effect it will have. >> i think the american way is to spend and when somebody has a few extra dollars in her pocket, they don't want it to burn a hole. they want to get it out there and things whether it's technology or expenses or restaurants or whatnot. i do think that will boost growth. on the flipside, while we probably see some increases on the revenue side, margin margins at a high level and you will see some margin pressure and cost pressure. were already singing with companies like nike who had to spend more and see the cost
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increase there will be some give-and-take. you may see wages increases a whole bunch of things moving up but you know that revenue is going up could put a little pressure on the cost side. that, those dollars back in the corporations pocket, the return capital in dividends, overall that will be very positive. >> monica, were already looking at the longest bull market in history. how long will this go on. >> if i knew, then i would be the richest woman in new york city. you are actually right, it's usually at the height before crashes, we have no idea, this could be another 1999 we have another two years to run. we could see a collection coming up sometime this year but i think a 10% correction is not out of the cards for the next year or two. >> 10% correction, think about it, that's 2400 points at these levels. >> it is. i think if there's one way to
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answer the question without answering the question is when interest rates and inflation start to move a little bit more quickly. i think when you see that balance, right now we have low inflation, low interest rates and high growth. when you see that shift that's when you get worried. >> happy new year to both of you. i appreciate it. they're just both write on this count. if you think about it, we step through this entire market run-up between the two-point to and a 2.4% handle, largely on the tenure note. even with the slight uptick closer to 2.48%, that is remarkable when you consider the run-up that we've seen in stocks, the run-up we've seen in the gdp in the economy and that there is a lag here. with bond market participants telling you we don't see this going on forever and we don't see an inflationary environment at all. someone is going to be wrong someday. just not today. will have more after this.
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well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade.
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haley will make some remarks in response to what the north koreans and south koreans might be cooking up in terms of building talk presumably before the winter olympics kick off next month. that might sort of triangulate the united states which would be in the odd position of being the odd country out. she will take questions on that. she could take questions on pakistan and the president threat to withhold payment over terror ties and the like. other presidents have been stressing the fact about our interest. this president has a different tune and tone. collin has the details on that. >> at least now we are told by national security council official at the united states does plant withhold $255 million in funding to pakistan and u.s. expects pakistan to take decisive action against terrorists on its soil. that said to be the context for presidential tweet over the weekend that led to the u.s. ambassador being called into the foreign office in islamabad.
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here's the tweet. the united states is foolishly given pakistan one and $33 billion in aid over the past 15 years. they have given us nothing. but lies and deceit. they give safe haven to terrorists with little help. no more. with that the ambassador david hale was summoned to the foreign office to explain the president's tweet that would also learn the prime minister of pakistan shared a cabinet meeting, and a emergency meeting focused on that tweet. right after the meeting the government put a statement out that we just received a short time ago. part of the statement from the government of pakistan. recent statements and articulation by the american leadership were completely incomprehensible as a contradicted fax and struck with great insensitivity between the trust of two nations built over generations. that is the pakistani side of it
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negated decades of sacrifices made by the pakistani nation is how it ends. at this point, that money, $259 plus is being withheld and pakistan's foreign minister said his nation does not need usaid. we will see where this goes next. >> thank you very much. keep in mind, the protest in iran, not too far away are heating up right now and a lot of this from an iranian regime which is funding the fall back from some of the sanctions that have been imposed, even some of them lifted for this nuclear deal. not enough to dissuade iranians thinking they are still in a world of economic heard and they are protesting to former deputy assistant, to george w. bush. happy new year. >> what you think of this? they're not going quietly into the night. protests that have been the case in the past are usually 24 hours and done. people mysteriously disappear and that's the end of it. they are not going away and i
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cannot going away and these are the elite. these are the rank-and-file average joe citizen's in iran and we can't leave them behind. we have to show solidarity. we missed an opportunity during the green revolution when obama decided to prop up the dictatorship of bureaucracy instead of being with the people. we have an opportunity to change that. president tom should cancel this deal, we should step up the sanctions on iran and bring them to their knees, help the people bring change to themselves. we can do that and we can also join the world in doing that. there is something happening now in iran that could be a real turning point to turning this country around and freeing the country that has been held hostage. >> who is really calling the shots? it's always the ayatollah when push comes to shove. >> well, were not so sure. the people were going to be killing their own citizens are not going to be the ayatollah and his gang. it's going to be the revolutionary guard because they want to save their own scalps.
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one thing is for sure, there is chaos within the government, within public and guard. they don't know what to do about this. they are meeting as we speak and that's why they have to have the pressure of the world breathing down or not. >> you know it's interesting about this is the suddenness of it. it's not that we didn't realize that average iranians were in a world of hurt, it's that the government had away of merrily going on despite the fact that they were. >> now, whether it's a delayed response to sanctions that were years in the making, even though that were lifted, that this could get worse before it gets better. the effect of those sanctions, and may be much worse if the president donald trump follows up with stiffer sanctions down the road or abrogates the entire nuclear deal. >> freedom is not without cost. we've had to bear that burden for years. we have to. [inaudible] to free others. the iranians will have to feel
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the pain of struggle in sacrifice to gain their freedom, but we have to be there to help them. and we should be there to help them. >> how we help them question what this is, under prior administrations read-only look over because it ends up being the wrong hand and the government actually benefits. how do we avoid that? >> by taking decisive action now to cancel the iranian deal, to join with the world in punishing sanctions on iran. that will give aid and comfort to the people who are sacrificed in their own lives and their own freedom. we don't have sent troops there. what we need to do is show solidarity and show that america stands with them. we can do it. we missed an opportunity before but i think under present trump we can make up for that now. >> have noticed in the past when there are regimes in trouble like in venezuela or to a lesser extent in russia, if you make the u.s. the focus on the boogie man, you can solve a lot of problems for yourself.
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what you expect the iranians to do? >> they want to make us the boogie man. they want to make the west the enemy, but the people are too smart. 80 million people in iran, over 50% are under 30. by the way, 93% are literate. they are not a stupid people. they are educated. there on the internet and see the othethe way other people li. it's not like north korea where the people don't know what's going on in the outside world. they do and they've had enough. >> there's also the fallout for us that's real intangible and that is a run-up in oil prices that we will feel this whether we like to ignore this region of the world were not. >> and that's why it has to be a shared sacrifice. we are willing to sacrifice some for the freedom of others. we've done it countless times. it's in our dna. that's our history. that's what we should be doing. >> thank you. good seeing you again. >> my pleasure. >> so we are waiting on a couple things. these protests are spreading.
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we will get an update on that and also in the key haley our un ambassador expected to address the press about this although she might get into the korean issue as well with the north and south discussing a meeting before the olympics. the south koreans are saying not only do we have the olympics in the paralympics after that and we would rather wait till some of these tougher sanctions or whatever measures your and all of this while kim jong-un is playing this just like a fiddle, whether he's wearing dark for this matching gray outfit he was seen in yesterday. we will be back with more.
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>> the koreans, i'm talking about the north koreans and the south koreans trying to box united states out. looking forward to talks with kim jong-un who is saying over the weekend that his nuclear button is always on his desk but if these guys talk then we are kind of in the opposition so wait them out. let's talk to nuclear showdown, best-selling author, on what happens now. >> he's trying to do two things. first of all with the comment about the nuclear button always on his desk, that is saying don't attack me. i think he has actually become a little bit unnerved by some account comments in washington about a first strike on the north. with regards to his comments to south korea, these are really important because he's trying to divide and put a wedge between school and washington. that's a long-term goal of the kim regime. what he wants to do is get the south koreans to invest in north korea, give the maid, drop sanctions and do all the things which run counter to which
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president trump is trying to do which is to to deny resources so he can't launch missiles or detonate nukes. >> then we can't do anything unilaterally. i'm sure you are aware they said it would be a big mistake what you think. >> is equipped to boycott the olympics this is not the invasion of afghanistan were president carter didn't send our team to moscow my but there's all sorts of things to do to prevent the south koreans from doing things which undercut our positions. for instance, we can remind the south koreans that a lot of what he wants to do violates sanctions and also we have our trade negotiations over the free trade agreements. there are number of predatory actions that have taken toward
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u.s. companies. there's also the ways we can resolve these. some of them harsh, some of them not so harsh but i think the president of south korea needs to understand that the u.s. is going to use economic leverage. >> i have no doubt, you know this so well. the position of the south koreans, they've got these big games they paid north of a billion dollars to host them and they don't want anything to get away. i can understand why there in this desperate position, please don't this up for us kim jong-un, but how far can we let them go. >> to ice skaters from north korea going to the winter olympics is not really going to hurt us i don't think that will be something we will be doing but there are a lot of things we can do right now. we should be going after north korean sponsors, china and russia. we haven't been willing to do this. they're gonna get in the way as
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beijing said it will do but there's a lot of things we can do to get the chinese to back away from north korea. there's a lot of things we can do short of the use of force to disarm north korea and already hurting from sanctions as president mentioned. >> they are finding ways around them. there's these ships that are stopped from parts unknown and people are finding ways to get stuff to north korea. how do we deal with that? >> there are a couple ways. one of them is that because north korea has abrogated, we should be saying to the north koreans and the chinese were just partnerships outside of north korean ports, present them from selling weapons around the world. this will be very difficult. it's not something we want to do but we cannot allow the north koreans to sell the most advanced missiles to the iranians which we been
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permitting and then permitting it over the course of decades. this issue of america not willing to defend our interest. not willing to protect our allies. yes it will be difficult blockading north korean ports but this is something we absolutely have to do unless we want to go to war which i think will be so much worse in a blockade of north korea. >> you know i worry about, books on the region put it in context, i don't worry about war with north korea, but a very real cold war, economic war with the chinese that might have far more significant long-term sessions. what you think. >> yes, but were already in one of those meal because you have china engaging in especially auditory trade practices, not only discriminatory law enforcement on antitrust and other things that also you have now former is normal relations and rules which basically have the purpose to have the effect of going after foreign competitors are not local ones. there has been a whole group of
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subsidy problems. those are all hurting u.s. bunnies and certainly benefiting local ones. and the why we are putting up with that. then there is the theft of u.s. intellectual property. three, $400 billion. year for. >> during the olympics, let's say the north koreans wanted missile like all the other tests of late. right in the middle of the olympics. our athletes are there, the world athletes are there, what we do. >> it depends what that missile is part of we think there is a thermonuclear warhead on it, this is one of those times when we might want to test our missile defense, especially our destroyers off the north korean coast. if it's a regular run-of-the-mill missile test and we very well may let it go and use that's put more pressure on the north koreans. at some point we have got to
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we've got to stop it. >> gordon chain, a nuclear showdown author with so many other looks at regions of the area. he has it down cold. good to see you. happy new year. in the meantime, not a happy new year if you like warm weather. even places that normally have warm weather are getting very cold. this is a national phenomenon. what's coming up? a lot more temperatures down.
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averages sincere 2013. what we saw was technology, consumer, material, healthcare all that so well that most of these stocks did very well. take a look at some of the s&p winners and losers over the time, what an unbelievable year it was. the dow up nine months in a row. with that we haven't seen that since 1959. as we look at these winners and losers, we start to turn to our names here now today as we start on the first trading day of the year from technology, financials, resale, technology is already started to the upside, this after the index and it was up 37% and last year end you can already see apple, facebook, microsoft all to the upside today and the feeling, ultimately, is that it continues. taking a look at some of those financials, rolling back relations for taxes overall for these companies, today a mixed bag but many financials have up euros and the idea is that they will continue to do well. a peek at retail, to give you a glimpse at this.
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city is talking positively and talking about the tax changes and that they will ultimately really result in some good news in and cash for these retailers. you can see up 3% and jcpenney up ten and a half percent. >> incredible. >> thank you. stocks are hot. the weather, not so much. we have mark with the very latest. what the heck is going on. >> it is crazy. hang around. a special treat for you at the end. it is so cold it hurts. that's the cold story here have you heard the rumor about the snowstorm? that's coming. that will be coming up the east coast. thursday, new york city right on the edge, couple inches, could be more. it will get very windy and blizzard conditions and things will get shut down there. after that lives out, here we go. the second round of the bitter blast, look at this. it's pointed right at us here in the northeast, right over new
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york city. growing up we called it the montréal express. the floodgates, the arctic opened here. it could be even colder than last time. see these numbers here, they are well below zero. ten, 20, 30 below zero. we are talking about the potential for frostbite. flesh can freeze and bad things can happen within 10 - 30 minutes. this is what frostbite looks like. it's not pretty. you have to protect yourself and use common sense. >> i'm so glad you provided those images and thank you for your public service. [laughter] okay. mark with the fox weather center. we have extreme cold weather, effects on oil and related prices, you know the drill, even
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the threat of cold weather sends those prices going northward. jeff and phil are over at the cme. i don't know if they have any pictures of frostbite, but you never know. it's a live show. >> you asked me to go out in the cold later today summering to take heed to that. we were expecting a full back on oil and we didn't get it. retreating at 61 but were still about 60. we were supposed to have a huge pullback. you tell me it's because traders don't believe the government reports on output. >> they been burned a couple times before. a year ago energy information administration said we would already be producing over 10 million barrels of oil. day and even though the number they released on friday night. >> that was in october and i was $9.64 million a day. the highest production 46 years, you say baloney. >> we are saying we can tell it
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by the market action and the drydown oil inventory and is not just me saying it. there was a study by mit that actually went into the shell packing and counted the barrels of oil. they estimate the energy information administration is overestimating by as much as 10%. >> some people thought 60, okay were done. you think this could go far. >> last week crept higher. next year we leap higher. we do. look at the global economy. it is on fire right now. we see inventories drop-down at a record pace and people were in denial about how much oil the u.s. could produce. finding out that's not the case. >> this is what traders are saying down here. sixty, maybe it goes higher, of course that means gas prices probably go higher and it's also positive for producers because the higher price means they can afford. >> it is. they need more money for they need higher prices to keep
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producing. bp also warned they don't think it's what it's cracked up to be. we heard that from bob just last week. there's a lot of questions on what shell can do and its limitations. >> thanks for letting us be inside for this one. >> it wasn't my idea. i wanted to get you outside because that's where both at your best and of course phil has a hat, the elmer fudd thing, i live for that. >> i do. i have it today. >> wears that rabbit. exactly. look at the time. in the meantime, we are awaiting the daily and other effects, you've got protest going on in iran, north korea and south korea doing some crazy stuff, you got pakistan getting agitated that we might hold 250 million bucks that they thought was a given.
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we will have more, including frostbite pictures that you do not want to see at your overall financial strategy. you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.
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oppression of their own government. it takes great bravery for the iranian people to use the power of their voice against her, especially when their government has a long history of murdering his own people dare to speak the truth. so we have applaud the courage of the iranian people. the government of iran is actively attempting to stop social media and other forms of munication that allow their citizens voices to be heard. we want to help amplify the voices of the iranian people. here are some of the messages that they are chanting today. all these brigades have come out to the streets. they've come out against the leader. political prisoners must be freed. independence, freedom, the iranian republic. neither gaza nor lebanon, my life only for iran. let go of syria, think of us. we will die but we will take
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iran back don't be afraid, don't be afraid we are altogether. in reference to the supreme leader, feel some shame, let go of the country. those are not my words. those are not the words of the united states. those are the words of the brave people of iran. now the iranian dictatorship is trying to do what it always does which is to say that protest were designed by iran's enemies. we all know that is complete nonsense. the demonstrations are completely spontaneous. they are virtually in every city in iran. this is the precise picture of a long oppressed people rising up against their dictators. the international community has a role to play. the freedoms enshrined in the united nations charter are under attack in iran.
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dozens have been killed. hundreds have been arrested. if the arena in dictatorship history is any guide, we can expect more outrageous abuses in the days to come. the un must speak out in the days ahead we will be calling for an emergency session both your new york and at the human rights council in geneva. we must not be silent. the people are crying out for freedom. all freedom loving people must end with their cause. the international community made the mistake of failing to do that in 2009. we must not make that mistake again. the crisis in north korea will continue to have a attention in 2018. we finish december with our third strong sanctions resolution with last year.
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that was a great achievement but there is more to do to achieve full implementation of the security council resolution. as we hear reports that north korea might be preparing for another missile test. i hope that does not happen. but if it does, we must bring even more measures to bear on the north korean regime. the civilized world must remain united and vigilant against a rogue state development of a nuclear arsenal. we will never accept a nuclear north korea. there is one more item i want to mention. you have all heard president tom's comments about pakistan. the administration is withholding 255 million in assistance to pakistan. there are clear reasons for this. pakistan has played a double game for years. they work with us at times it may also harbor the terrorist that attack our troops in afghanistan. that game is not acceptable to this administration. we expect far more cooperation
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from pakistan in the fight against terrorism. the president is willing to go to great lengths to stop all funding from pakistan as they continue to harbor and support terrorism. that brings me to my final point. the pakistan aid issue is not connected to the vote we had with jerusalem. it is connected to the harboring of terrorists. however, as i said in december, we won't forget this note. too that end we are having a reception for the countries who chose not to oppose the u.s. this is a great sign of friendship and i look forward to tomorrow evening. i look forward to more of this in 2018. the united states is asked to do a huge amount around the world. we are happy to do that but we expect to be treated respectfully in return. i wish all of you a good 2018 and i'll take a couple
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questions. >> thank you. which un body in new york you want to handle the round and to do what? >> i think right now we will have conversations with the security counsel and see what we need to do too have an emergency session. one way or another we will have a meeting on what is happening in iran with protest in the freight for freedom. >> thank you. investor, in light of the protest is there any unilateral action the united states plans to take against iran? also, do you plan to hold iran accountable on another front, perhaps through the yemen sanctions committee for the missiles that they fired in saudi arabia? >> there is no unilateral plan at this time that has come from the administration. what i can tell you is we are absolutely going to move forward on the missiles. you will see us look at 2231
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carefully and see what needs to be changed so we can put a stop to the iranian testing of ballistic missiles. >> will the u.s. maintain its present level of funding for palestinian refugees. in light of the general assembly, push by the palestinians, and the palestinian un representatives threat to unleash all weapons we have in the un. >> i think the president has basically said he doesn't want to give any additional funding or stop funding until the palestinians agreed to come back to the negotiating table. what we saw was not helpful. we are trying to move for peace process. if that doesn't happen, the president will not continue to fund the situation.
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>> thank you madame, ambassador. [inaudible] you have different meaning of freedom and dignity when it comes to the palestinian people. we've been brutalized for over 50 years of occupation. the second question related to it, what makes you believe you are on the right side of history when you stood alone in the security counsel against 14 numbers. the only found small countries next you. what makes you believe you are on the right side history thank you very much. >> i stood proudly even if i was the only hand in the security counsel to fight for the will of the people of the united states. they wanted to see the embassy moved to jerusalem and we follow through.
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we still very much want to have a peace process. the palestinians have to show they want come to the table. they are not coming to the table but they still ask for aid. one last question. >> thank you investor. can i ask you regarding north korea, have you heard reports about south korea proposing talks with north korea, can you give us your reaction, and about this talk, does it affect any of your policies putting pressure on north korea. >> we won't take any of the talks seriously if they don't do something to ban all nuclear weapons in north korea. we consider this a reckless regime and we don't need a band-aid. they need to stop nuclear weapons stop it now. they can talk with anyone they want but the u.s. won't
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recognize it until they agreed to be on the weapons they have. >> all right. nikki haley outlined a number of initiatives, making it very clear on the latest pakistan development that we will withhold $250 million in aid. mark, you are still worried both parties are wasting a lot of money. you have to start somewhere, maybe in pakistan, aid might be a start. what do you think that we are happy to say it's just a drop in a bucket but that $250 million is a good place to start. maybe we need nikki haley running congress to get something done. >> republicans are running the show and they're not showing much budgetary resolve at all. >> we have a long history of this. my involvement in politics goes back eight years or so. we haven't seen results from either party in the past eight years but i don't expect to see it soon. there will be a fiscal reckoning.
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the question is when and how b bad. >> we could be looking at a $300 trillion deficit for unusual events at this administration was critical of the deficits that piled up under its predecessor. what do you think? >> i think the natural game plan of all republican administrations certainly over the past three administrations. they talk strong about debt, deficit and government growth when they're not in office. as soon as they get in office they're addicted to same spending the democrats are. they make marginal improvements. time for all of them to, this will affect our kids and grandkids. neil: they get cocky, both parties do. that will change with up tick in rates or severe one, right?
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>> well, you know, neil, the whole thing that something can't continue forever, won't. we can't continue to print money forever. we can't continue to essentially dough plate real inflation forever. eventually inflation is going to come. international bondholders will require higher rates based on risk. something will cause this boat to tip. nobody can predict exactly when it will come. it has to come. it is economic reality. neil: people have been waiting for gadot for a while, they haven't seen it happen. compared to the rest of the world we're doing just fine. you say? >> that is true compared to the rest of the world. we're doing fine. that is given us this false sense of confidence, that is why the dollar is still where it is, it is still the best place to invest. eventually economic reality will come home. better to take the haircut now, slowly, consciously, as opposed to waiting for a catastrophe. neil: mark meckler, citizens for self-government president. happy to see you, my friend. if this woman wasn't working
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hard enough in 2017. she is at it again in 2018. in for trish regan, watching markets. waiting white house briefing. dagen mcdowell. i got to tell you here, we're on the verge of another budget deal that won't be much of a deal i guess? dagen: no it weren't, neil. pakistan, the u.s. with holding about $255 million in assistance from pakistan. also, addressing concerns about the peace process between israel and the palestinians. this as we wait for white house press secretary sarah huckabee sanders to kick off the new year with her first press briefing of 2018.
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