northern florida, carolinas, virginia, into massachusetts, some of these cities, they're just shut down. they're getting hammered and shut down. airports all up and down the eastern seaboard closed. yes it's a blizzard. it is bomb bow again -- bombogenesis, there is intro, neil. neil: apparently it can move around. apparently there is a window here. they put me in front of the snow to see. much, you have a window in your studio, right? stuart: no. neil: we'll forget that. stuart: we can't afford a window. neil: i understand. with this rally you should be able to make a plug for one. going crazy here, buddy. thank you very, very, much, stuart varney. we'll try to pick up the torch or the snow shovel. this is out of -- i become a expert on the "bomb cyclone" stuff. there are variations of the

cyclone theme. whatever you call it, it is a whole lot of know and hurricane-force winds and a whole not over. more than 3,000 flights have been canceled. all flights suspended out of jfk international airport. thousands along the east coast are without power. could go to tens of thousands. to severe weather meteorologist charlie neese. where is this going. >> you hit it right on the head. this is a whale of a storm. there are nor easters, and rapidly strengthening nor'easters. we have snow and wind gusts up to 70 miles per hour. the good news the middle atlantic see as little bit of a break. the northeast and new england will be the worst rest of the afternoon into the evening hours. you hit on something very important. we'll have lots and lots of

power outages from this system. tough have another source of heat if the power goes out. quick explanation, if the power does go out, make sure you conserve the heat the house already has in it. closing off all the doors into individual rooms. ceiling underneath those doors or towel or newspaper to make sure you trap heat in the house and preserve it as long as you can. also many so folks will lose some water because of freezing pipes. great way to combat that at least in the short term, fill up sinks and bathtubs with hot water. that will help heat the room if power goes out for a time. later on when the pipes are frozen, could provide a source of drinking water. some of the worst will happen up around boston and cape cod. where we have not only 70 mile-an-hour wind gusts an heavy snows over 15-inches possible, flooding into new jersey up through cape cod and boston area. that is also going to be a big

problem. neil: thank you very much. charlie nees follow all of this. we thought early on where could the worst place we possibly be get hit more than any other locale, you know it in boston. connell mcshane with us now. connell. reporter: pretty as a christmas card out here, neil. i have to thank you for this beautiful assignment. we were in the boston common. came across the street into the public garden. maybe this afternoon we'll get paddle boats out on the pond. it is frozen solid. i'm sure i could prove it to you by jumping in there, but better part of valor is not the best idea. that is where they usually run paddle boats. charlie made the point, it is the wind. it is calm like it is right now and you feel fine and it is pretty. people out with kid and shreds

and dogs were out earlier playing around. every so often you turn around and the wind comes in 30, 40 miles an hour, snacks you in the face. it has done away with visibility. city of bostons visibility is 1/8 of a mile. i think it is worse when the win picks up. on nantucket they reported a gust of 75 miles per hour. out on the cape, where most of the power outages are out. we had a report of 2000. i'm sure that had gone up. they have a challenge in front of them. they have been doing a good job, so far, the sanitation department in boston keeping streets plowed as possibly as much as they can. it will freeze the streets, zero, negative degrees in terms of temperature, not even windchill on saturday. if they don't get it plowed, it will freeze up to cause problems on top of power outages. i thank you for this assignment. i'm having fun standing in the

snow, playing around. neil: tell the trying, you're in central park, right? no more in boston than man on the moon. reporter: this is green screen. neil: i don't want to make you uncomfortable, jeff flock is known to walk on frozen pond to illustrate what you mentioned. reporter: there is no way, that is fine, cavuto, with your insurance. neil: don't do it, man! reporter: walking on water. walking on water. that is it. neil: i will regret having him do that. his final report on the bomb. thank you my friend. >> i was told to do that. i came up with that. all the extreme weather, it has the obvious effect, even ahead of it, during it, sometimes after it of lifting up anything energy related, commodities as well, heating oil, oil, gasoline, they all go in concert here.

seeing a little bit of a pull back from natural gas in the run-up to all of this. we have john sissel yawn know. what are we seeing here? >> we're seeing dramatic increase in coal use, not sure pricingly. natural gas has gone up a little bit. coal is a in the competitive mix. some parts of country, well over 50% of the electricity coming from coal. neil: when you as a guy who follows this closely when you see a storm coming or coal, talk about the one we've been in for a while, are those events generally short-lived, if you take them out does it all even out? >> there was 2014 polar vortex, similar thing. it was actually quite colder and lasted longer. where coal rose up and there was some clam moring about co2

emissions going up but in the wash it all kind of evened out. we'll see, you know, it should, you know, we'll see what the rest of the winter brings us but, natural gas has been the dominant source of electricity, power, support for the grid for the last two years, beating out coal in many markets but, so that is expected to return back to normal and coal will go back to, second-tier front-runner to natural gas. nuclear is probably number three. right now it is coal number one, nuclear number two, and natural gas, the big guy, the usual big guy is number three. neil: all right. thank you very, very much, my friend. john sciliano following this very closely. we had a milestone, cut away for the markets, dow 25,000. in case you're keeping track,

this is the seventh 1000 point advance in the dow since donald trump was elected. nicole petallides has all the hats during the run up going back to 18, 19,000. >> i have dow 10,000. not sure exactly where it is. i got a dow 10,000, i was standing here for that neil cavuto. the stock chart went up and down. that is not a good sign. talk about the ones we currently have received. here is the stack. here is the latest. dow 25,000. what is interesting it happened very quickly. took only 24 days from 10 to 11,000, back in 1999 f we close today, to 25,000 it, will be the fastest 1000 point increment. we'll see whether we can do that. as you said, the 7th 1000 milestone since the election. we hit dow 19,000 in november right after the election. since thens right now, up

through dow 25,000. had a great year last year. 25% gains for the dow jones industrial average. so what brought us here? the winners since 24,000 to now? you can see that, that would be caterpillar, also boeing, united technologies, disney, just to name a few. there were plenty of winners in 2017. doesn't seem to be stopping, neil. we had plenty of up arrows and many "fang" stocks hitting new highs today as well. neil: thank you very much, nicole. keep collecting those hats. ebay material. ebay material. we're up about 150 points on the dow. all the major market averages as nicole said into record territory. despite all the international drama. by the way international markets racing ahead of this to records of their own. a lot of people say they're the place to put your money right now but seem to be content with adding the corner of wall and prod to that. despite all the tensions in north korea. despite all the concerns they will get a budget done in time the next couple weeks.

and despite herculean political struggle between donald trump and steve bannon. which has gone from bad to officially worse, after this. ♪

>> president of the united states is a great man. i support him day in, day out, going through the country giving the trump miracle speech or on the website, you don't have to worry about that but i appreciate the kind words. neil: all right. the president actually picked up on that in white house briefing a few minutes ago, saying he said something good about him, saying bannon saying something good about the president. the reason why this is getting all the talk in washington, zero talk about markets advancing this internal war, civil war, for the soul of the republican party, et.al. it fact of the matter welcome distraction from many in the media who are not inclined to pick up on market rallies whether there is the 7th high for the dow. 25,072, dow is well in to record territory and sixth milestone in

the past year. more than that seven if you go back to the election of the president. a lot of trump loyalists, including president himself, a lot of obama loyalists that the bull market turns age eight in march. he started it and should get the credit for it. fact of the matter, republicans want to see a lot more of it because they think it will be beneficial to them in the polls in november, crucial midterm elections, where they're expected to lose seats in the house. the question will they lose 24 and lose the house? to gop fund-raiser, extraordinaire noelle nikpour. you made it in. >> i did. neil: it is snowing out? i should tell you that. do you know we have a window here? >> i am looking at it. thank you. neil: what do you make of the suddennen turn of events. the markets are one thing, noelle, tax cuts, everything else, the you were one the first you can't delay any of this stuff. they're not delaying any of this

stuff. hope being for republicans at least the results are immediate and enough for the american people that they credit republicans? >> they will and a lot of americans, middle america care a lot about a lot of different issues, but when they have money in the pocket and the see the optic as on the market are up, a lot of people have 401(k)s i think will resonate at polls. if you want a continuation of economy, it will be hard, that the democrats say these tax cuts are bad, these are evil and republicans are evil people, when they're experiencing something different. when somebody is taking more money home it resonates. when they go to the polls, i understand what the democrats say and i like these touchy, feely issues, but the fact of it is, i worked for at&t, i got a bonus. i work for xyz company, i'm getting a bonus. i'm seeing their profits are up and new jobs posted on the web site. it will be very hard when reality speaks to somebody

saying that these -- neil: a lot of that reality, the one fault of republicans they are very bad at marketing even the way they sold the tax cut prior. take the most byzantine elements to get into it. having said that though, they would have to lose 24 seats to lose the house. doesn't look like they're in danger losing the senate, they might pick up seats. what is your gut call? >> i think republicans are going to win. one advantage they have, they have record fund-raising, even though steve wynn is the finance chairman and raising leaps and bound because he is steve wynn, i think you will see we'll enter into the battleground with a heck of a lot more money than the dnc who has not been able to dredge up that support. neil: for some reason dnc has a passion going or their voters are, or is that indistinguishable? >> when they have going for them is anti-trump movement. the economy will trump the anti-trump movement so to speak. neil: really? it hasn't yet. you can make an argument,

whether you want to give the president credit for this or not, market is soaring, economy is picking up steam, the jobs you allude to, credits boeing out an bonus checks going out, those are real and palatable, it has not shown up with the president's numbers. why? >> it is more about personality. it is more about personality than policy. some people don't like the president's personality. that has to do with the twitter and the things that they think that -- neil: if i'm getting, have a horrible boss. i don't, love him. if i have a horrible boss i'm doing really well, i'm less inclined to worry about the characters who are in the corner office or offices right? i'm happy. >> maybe in 2020. maybe for the president-elect shun but not in 2018 because they're going to credit the republicans as a whole, even though donald trump, you know, is claiming these are my victories, whatever, yes it is under his watch and yes he can claim a victory but it still happened with the gop, the house

and the senate. so in order to keep that movement going strong you're going to want a continuation of that same party in my opinion. neil: can you hang on to that thought? i want to bring our friend larry sabato in this. best-selling author on all of this stuff. larry, it is interesting, i was mentioning this idea to nicole, oddity you have a pretty good economy, you do have a very strong market, but you do have another 1000 point advance, normally stuff at least wind at the back at the commander-in-chief or the occupant in the white house because we would certainly blame him if we're going the other way, yes it is not helping him. why not? no i heard you make that point, and for once, neil i agree with you. neil: very hurtful. quite hurtful. and very cold here. >> it is cold. i'm trying to communicate that coldness. thank you. neil: you're welcome. >> to your point, let's stick to the subject, neil. neil: sure. >> to the point that you have made, which is a very good one,

the question is, is trump's popularity rating a lagging indicator that is, will the good economy eventually sweep him up and make him more popular because people say, well, i don't really like trump but i like the way he is managing the economy, so i have to give him credit for that? or, is it as your other guest suggested, a matter of personality and people are dug in? they have already made up their mind about trump the person, or trump the tweeter, or whatever it is, and maybe that doesn't change, no matter how good the economy gets. it is one or the other. we'll all find out together. neil: you know, you're good at this history stuff as you know. i'm good at this history stuff and, you know, richard nixon was not a very likeable personality yet in 1972 he ends up winning in a landslide. we know about watergate, but it

helped that election he had weak opponent. people looking around seeing economic boom going on, they might have wondered about this guy known for watching the beach in his suit, i'm talking about a full suit, not a bathing suit, and they elected him, overwhelmingly. so can they put aside that, whatever their personal grievances and with the economy do it? >> well it could. i mean it could. when i remember nixon walking on the beach, i'm older than you are, neils, he was walking in wingtips. >> i admired that. >> he was walking in polished wingtips right down by the water which was incredible. but you're right, people never liked nixon, but remember in '72, the opening to china, detente with the soviet union, he was winding down the vietnam war. so substance matters. issues matter. but the big thing also was that the democrats self-destructed. they could do the same thing in 2020. they could pick a good candidate

or could pick another mcgovern. you could see it going either way. all these are question marks. neil: to his point, noelle, you raise it as well, there are three dozen democrats who all want to be president and might all be running for president. it will be a divided field going after a single republican, for the time-being. >> you're right. neil: so that does weigh in on this, right? >> you know, i like the fact he brought up the comparison a little bit to nixon, if you look at nixon -- neil: he was very hurtful to me. >> he was ugly. i love larry sabato. what is interesting, nixon was one of the best in foreign relations. trump is looking like he will have a pretty good, you know, take no prisoners type of, i don't want to say regime -- neil: but he can't keep saying stuff about the size of his nuclear button. >> what he is doing is, obama was very weak, we thought on foreign policy, and trump looks

to be much better at that. but another thing that they're, i think so. neil: you didn't mind the nuclear button, playing fire with fire -- >> i think it is childish. whatever. people are moot to the point that he fires back. another thing with the comparison on nixon, nixon so mad at "the washington post" when all the stories ran, he said no one from the post will be ever be allowed, the post is horrible, no photographer, no nothing, he was at adamant about it. what is funny with trump with the "new york times," trump with cnn, trump whatever, trump with the media is almost parallel to what nixon was with some of the media. you remember that? the white house wanted no more stories in the "new york times" or anything out there. this is parallel to what trump's opinion is by, you know, just blatantly saying i don't like these people, they are banned from the white house. we'll not do this, we'll not do that. there are a little bit of parallels to it.

the democrats would like more parallels to watergate. neil: that is the betting. real quickly, larry, one of the things i heard of, espoused on one of the networks, a democrat was talking about we they will implode, he is going to do something stupid, we're counting on it. what did you make of that? >> look, we know he is going to implode. the strike the word know, and add think. everybody has an opinion, they don't they the future. we're all like that, we all have an opinion, but we don't know the future. who knows if he really will. neil: i'm asking you, you generally do know. you know. >> i pretend. i try to pretend, neil, you expect me to. you expect to me. i try to -- neil: you raise a very good point, they're pouncing at that possibility and it might happen but it ain't happening yet. >> it might not happen but i'll tell you, one thing that is different between trump and nixon, there are a lot of things

different, but one thing is, nixon's enemies list was private until the end, okay? we didn't know about that. the problem with trump is, all you have to do is read his tweets to find out his enemies list. so as we all know, and have said since the beginning, along i'm sure with his staff and family, please stop tweeting but he will never stop tweeting. neil: there is that. i forgot the wingtip thing with nixon. that was surreal. >> i'm older than you. neil: by a few months. very good seeing you professor. >> thank you, neil. neil: good seeing you, noel. it is too early to the professor's point and noelle point, seeing people raise money betting it won't happen. the latest service sector jobs are out. let me put it this way, if they're a preview of coming attractions for the jobs report tomorrow, get ready for a big one, after this.

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.

neil: all right the president moments ago making a brief reference to steve bannon, referring to the fact that bannon, former top aide, we were told the svengali behind his success, the president begs to differ, saying he changed his tune on comments he made about him. bannon saying, very complimentary things about the president in like of the michael wolff book out getting all the talk. charlie gasparino on what he makes of all the back and forth. it is a michael wolff book. stories are incredible. >> writing is amazing. he is a very good writer. neil: apparently this speed pass he had to constantly get in the white house. >> amazing he got that. be clear. i have written five books. i wrote two national best-sellers, never reached the level -- neil: those other three you made up. you remember that? >> here is the difference between my books and books like

this. i write books about finance, and business and people in the financial world that are not necessarily public figures. neil: i do coloring books. >> you are trying to get me off track. the libel lawyers at heart per collins, they are all over you. did you call this guy, you call that guy. you couldn't get away with the some of the stuff with michael wolff. i believe everything bannon came out the his mouth is accurate. the problem is the other stuff. do we know roger ailes, our former boss had it with bannon. we know it from bannon's mouth. we know, roger died past may and could have done this before, roger, did you say this? i haven't seen the book. neil: but is the overall tone of the book that this is white house in disarray and crazy disarray which would not

be the first white house so charged, is that ringing true to you? >> yes. trump's attention span all that stuff. here is the thing, the devil is in the details. you're citing people, doing anecdotes and quotes, listen, tom barrick is quoted calling trump, 'effing something, or moron. that is the hedge fund guy. he was never called by michael wolff, and asked, did you say this. this is a big thing. you should call the other side. neil: there are reports that wolff conversations he had. that would change this is a little it about. >> right. neil, a lot of people working with him today, are those in the book who had serious reservations about him through today. >> i should tell you i have a few friends of mine quoted in this book, source, friends, whatever, they say some of it was accurate. some was taken out of context. this comes into the reporting. you call the guy up and gal, i'm

quoting you saying this, did you say this? you put a parenthetical or change it or tweak it. neil: i heard from a second quarter -- secondhand account i heard this -- >> you call me. neil: i should say a line, charlie gasparino -- >> it's a jump, i have taken quotes out like that. i absolutely never said that i go back to the other guy. are you sure he said it, if it's a first-hand account. there is a way to report that out. when you're dealing with non-public figures you're dealing with libel. i have had guns to my head on stuff like this. neil: will this bock have impact on anything? >> here is where the book gets it right, yes, the overall arc of this, this guy is thin-skinned, doesn't pay attention to the details, meaning the president, that would be worrisome to people around him, is 100% accurate. that arc is accurate. the details, i don't know. neil: thank you, my friend, very, very much. are you jogging in this weather?

>> i worked out already. neil: just getting in -- >> inside after gym. neil: inside of a gym. it is very, very cold out there. >> it is winter in new york. they call it the cyclone bomb. neil: that is all you. >> i conflated that something with north korea, when i heard that word. neil: isn't that amazing? we'll have more after this. 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. this is frank. sup! this is frank's favorite record. this is frank's dog.

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♪ neil: we got confirmation of this that the south koreans and the north koreans are going to continue their sort of tax, amicable back and forth, we'll stop with the south koreans the military exercises planned to go right through and past the olympics, winter olympics seoul is hosting next month. in fact we have committed to doing that right now. a lot of people are concerned that we're sort of playing right into north koreans hands. i thought i would get the read from former connecticut independent senator,

joe lieberman, the vice-presidential candidate on the ticket in 2000 as well. >> great to be here, neil. happy new year is. neil: to you as well. what do you think of the over ture at least on our part we'll halt the exercises through the olympics? >> i think it is constructive. president trump communicates previous presidents have not through twitter, making policy statements including the one the other night the nuclear button. neil: what did you think of that? >> it is so unconventional that it jolted me. if you step back, i put it in the best light, saying to kim jong-un that you will intimidate the united states of america. we don't know that you have the nuclear weapons you suggest you have, but we're much more powerful, and be careful about threatening with us and playing

with us. it is just possibility you have a good cop, bad cop situation here we're the bad cop and the south koreans are the good cop. we've got kim jong-un nervous and, maybe he is going to begin to cooperate or at least listen to tensions he is creating. he is a danger. neil: north korean leader? >> the north korean leader is a danger. also they have invested so many money, convinced some of it is coming from iran, in developing their missile capacity and nuclear program in the last year or two, that, we got to worry about them. we got to create some fear in them. we have to convince them that they can remain a regime without threatening to use nuclear weapons. neil: other presidents tried it and failed at it, both parties. >> that's true. i don't get as angry as a lot of people do with president trump

for some of the rhetoric he used against the north korean leader, because all the civilized talk, sweet talk, negotiations -- neil: hasn't done anything. >> hasn't done anything. bob gates famously said at one point, in similar situation with north koreans, they're trying to sell us the same cow we bought twice already and, in other words, same pattern. create a crisis. get some money. stop the crisis for a while, and then start it up again and try to squeeze -- neil: maybe something happens here. >> i hope so. neil: what do you make of the senate right now? 51-49 with doug jones winning in alabama an sworn in, tight as a tick and they have a lot of big problems to address? >> right. it's a question we've been asking for a long time. i'm happy to be the co-chair after group called know labels which works for more bipartisanship in congress. we have two leaders in the senate, joe manchin of

west virginia and susan collins maine republican, but truth is overall the senate is divided along party lines. >> i don't see it changing. >> the problem you're always close to the next election. neil: right. >> in my opinion what the public would like to see, some ways it played out in alabama, more than that with doug jones he kept saying i will work across party lines. i will try to get things done. that is what the public really wants to see but there has to be a willingness to compromise on both sides, republicans, the white house, democrats in the senate. chuck schumer is able to do that he is skillful at it. neil: why do we get the budget battles? both sides have done. they attach things that shouldn't be a part of a spending pack an, daca thing, have to be fair, democrats railed against that then are doing it now. republicans did it again and railing it now so i know how politics work. >> right. neil: that is what happens when we push these things off all the

time, right? we have just days, in this case a couple weeks to go. >> we have less than a couple weeks to go, just about a couple weeks until the budget runs out. it will take compromise. it really takes leadership. it has to start in the white house. but it has got to be the republican and democratic leaders of both chambers and they have got to be willing to say no both to individual members and to their far left and far right. in the end you pass a budget coming to the middle. you don't give up all your principle but you compromise to get something done. neil: it hasn't happened. >> it hasn't happened here, but the consequences here of a shutdown of government are severe enough, impact who loses most from it is so uncertain i personally think they will work out a budget agreement before the time runs out. neil: you know, it is already looking like an interesting presidential year where someone quoted as saying, there are 30 democrats interested in being

their party's nominee already. >> yeah. neil: do you see it being a very crowded field? >> i do. the republicans last time had what 17 or 18. neil: 17. >> i think democrats will have at least that. it is an important moment. in american politics, the time when you really say, it is not a platform really. say, what is the party about, when you nominate a presidential candidate. neil: the president, he has low opinion, excuse me, numbers, even with the run-up in the market, run-up in the economy. so he is ripe for the taking. do you agree with that. >> let's be honest, a lot of these are same people that donald trump had no chance to get nomination for president and certainly no chance -- neil: why isn't he benefiting more polewise from the good news? >> i am and i think result of some of the personal behavior, tweets, arguments. people want, i think people are

really happy overall and will be happier about the tax reform bill, because they will be happier because they will see their taxes -- neil: your old party before you were independent is railing against it. think that is winner at the polls. >> yeah. neil: my view, whether republican, democrat, liberal, people could benefit from this thing certainly those companies getting tax cuts will share the wealth with them. would it be premature for democrats to be railing against this? >> i think so. to me the number one criticism of the tax cut or tax reform bill is the, it adds to the debt but that is down the road. for now, rest of this year, next year, et cetera, most people, and most businesses, including small businesses are going to see a significant cut in their taxes and i think it will be popular. neil: you're going to see a lot of people leave connecticut though with the high taxes. >> that is matter of state taxes. neil: right. >> the state really has to figure out a way to change the

business climate there and it is not easy. you have to cut spending. he have this to figure out a way to create cuts in taxes to keep people both individuals and business notice state. it's a tough time for the state. so you know. it will be an amazing election for congress this year. same for president. democratic party has a big decision to make. are they going to become a far-left party, which i don't think wins, or are they going to come back to be a, call it a center-left party. neil: that is the joe biden approach. >> yeah, biden is about as close to that -- as a congressman, john delaney who is running, businessman, same, i don't know that he has a chance but we'll see. it is going -- neil: that approach. more center-left? >> that approach wins. if you end up with far left and trump, it will be tempting for somebody to get in and run an independent third party race. we'll see. neil: maybe like a joe lieberman? >> no. my time is over for that.

but it could be healthy if way it end up. neil: happy new year to you. >> you too, neil. all the best. neil: we'll monitor that. stocks well into record territory. 25,076. in the middle of that despite the run-up in that and a lot of people getting richer than that, enter joy behar, that the president needs to be hospitalized. not that he is ill. he is just nuts. she will explain. achoo! achoo! (snap) (snap) achoo! achoo! feel a cold coming on? zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45%. shorten your cold with a snap, with zicam. ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too.

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♪ neil: i will give you daca, you give me the wall, maybe we're simplifying it here. this battle in the budget stands two weeks before the lights go presumably out in washington and budget deal has to be scored. adam shapiro is there with more. hey, add dam. reporter: the president is meeting with republican senators about the negotiations with democrats over immigration reform. as you said democrats want some kind of a daca deal for the almost 700, 800,000 children, students who were brought to the country illegally by their parents. but in return the president is insist extent that the wall be built and end to chain migration as well as an end to the lottery

system which is currently in place with a kind of merit-based immigration system. they have to work out the details. here is what the president said about working with democrats. both side say they are working towards a deal. >> we are, believe it or not, working also with democrats. i think that is correct, right, tom? we're moving across the aisle and trying to get support. i think we have a lot of support but we'll soon see. we would love to take care of daca but only do it under these conditions. reporter: republicans point out the daca deadline is in march, whereas the budget, spending deadline to keep the government in business, the funding deadline is january 19th. democrats using immigration issue in the negotiations over raising spending caps. republicans saying do a clean spending or funding issue to avoid the january 19th shutdown. where we head on all of this, they're still talking, which is a good sign because that hasn't always happened.

back to you, neil. neil: you're right, adam, is not always happens. in fact rarely happens. thank you very much. comedienne joy behar that the president will kill all of us. listen to this. >> trump needs to be medicated and hospitalized at this point or he is just going to kill all of us. you know my feeling is that probably they are getting closer to him in the mueller investigation, and that is what this is about. a lot of it. he will blow the whole world up so he and his stupid sons don't have to go to jail. neil: can you imagine, by the way, if any, anyone said the same about barack obama when he was president, comedienne or anyone else, whether it would get the same reaction. whether you're like the president or not or barack obama or not. "washington examiner"'s byron york examining all of this. this is a little weird, isn't it? >> it's a little weird but actually joy behar is really saying what is going on in certain areas of the democratic

party. you may have reported this, a psychiatrist from yale briefed about a dozen senators, all but one of them democrats, recently, about trump's mental health. neil: yeah. >> and actually i think the psychiatrist published a compilation of testimonials from two dozen other psychiatrists how trump is. this is all talked about in relation to the 25th amendment. whereby, if vice president and in this case, mike pence and the majority of the cabinet were to attest that donald trump were unable to fulfill his duties as president, they could, the vice president could become the acting president. there would be a whole thing with congress and all that. this may seem extremely farfetched but that is what these democrats are talking about now. neil: you know, they're also, rubbing their hands together, thinking about midterm

elections, looking prospect maybe turning the house their way, gaining minimum of 24 seats they need to turn it their way but history remind me, smart people like you remind me, the consensus, tends to be growing consensus is often wrong as it was in the last election. what do you think? >> well, the senate, first of all democrats are closer to the senate than they were before the diss ister in alabama. they have, they had democratic senator in alabama. they needed before that three seats, given the set-up which a lot more democratic senators are up for re-election this time, are, that is impossible for them, but two seats is easier than three. the house is another issue. you mentioned, they need to pick up, democrats need to pick up 24, and if you talk to republican strategists they told me before the tax bill was passed, if republicans can just pass a middle class tax cut they

will win re-election. but you have to remember, presidents often lose a lot of seats in the house in their first midterm election. bill clinton lost control of the house, and 60 plus house seats in 1994. barack obama lost control of the house, 60 plus house seats in 2010. didn't happen with george w. bush in 2002, basically only because of september 11th and the war. so if donald trump is, basically like many other presidents, he is going to lose a bunch of house seats. neil: the question is enough to change control. we'll watch. thank you very, very much. byron york. >> thank you, neal. neil: dow uproared territory, the snow is falling, so too are the records. we'll have more after this.

neil: all right. this bomb cyclone is still bringing crippling weather across the entire east coast well into the east, i should say. two-thirds of the crown directly affected by this. we have a lot of power outages affecting tens of thousands throughout the northeast, particularly in new england. blizzard-like conditions are still being reported in a lot of areas. so it is not all safe out there. and then afterwards we're going to be looking at a lot of cold air. i'm talking about single digits below zero cold air. the major airports in the metropolitan area, for example, are suspending all their flights most notable laguardia and jfk international airports. blizzard stocks, though, keep

on running. anything having to do with all of this and anything that is related to the weather and a lot of other things that are not related to the weather at all as we pick up another 1,000-point milestone. the seventh in a little more than a year that dates back to the president's election in november 2016. market as they say in pencil. to weather bell chief meteorologist on the cold and the bomb and where we're going with all of this. joseph. >> well, let's put this in perspective a little bit because it is an extraordinary extreme event. there's no question about it. it's a combination of the cold air that has set in over the united states, the right type of buckling in the jet stream, we see it kind of often that type of bubbling but part of this. but if you went back and look at the logs that we set this early winter up, and i do this for my clients. we had 1933, 1950, 1995, 2005,

and 2010. in three of those years, 1905, '95, and 2010, major powerful storms across the east coast, a genesis storm occurred like this in 1950, wind gusts over 100 miles per hour in new york city same kind of thing except it came up inland and dumped two feet of snow in ohio valley. of course, the storm of '96 was legendary and then the 2010 blizzard right after christmas. so you see a familiarity with these patterns that have happened before, and you set them up. and, by the way, when you look at this pattern, there is a -- what i think is a massive january that you coming for the mid-atlanta part of the month for much of the united states and this is also common in these kind of patterns and you look at some of these analog years, you get off to a fast start with winter. you all of a sudden see it flip for a while in january and early february. there's an old saying among

meteorologists. i guess i'm getting to become an old meteorologist what happens in december will be in coming november. but what happens in two weeks will be the big that you for the country. neil: that i can look forward to. i want to go to gerri willis right now looking at all of these cancellations and delays outside here in new york. gerri, i'm sorry, i thought you should stay indoors, but they said, no, we have to get the feel of the day, and they wanted you outside. >> and we're getting the feel right here. 23 degrees out here. it's really pretty comfortable except for the snow in your face and your teeth. but here's what's going on. you mention people don't have any power. some 40,000 folks up and down the east coast don't have power. this is especially those northeastern states as well as north carolina, southeastern virginia. so that's a big deal. but the scope of this huge storm massive rights virtually every state on the eastern seaboard has snow on the ground even in florida, so

it's pretty major. i want to tell you about travel. amtrak. those trains going nowhere. so we have major delays, major situations for people who wanted to go out today. you may or may not have service. you need to check it out. here i in the new york area, the local commuter trains running sometimes but not always. there's the lirr or metro north folks seeing problems there. deports even shut down entirely here. if you want to drive, forget about it. you will see that there's traffic. getting around is difficult. we've been watching people make that corner on 46th onto 6th avenue and those tails typically kind of spin. and people walking along -- i don't know where they're going. the mayor of new york de blasio telling folks, hey, hey, hey, stay at home. don't drive. don't walk. stay indoors. but nobody's listening to him today. everybody just wants to be outside. and, you know, neil, i have to tell you. i'm kind of worried about you

because you might be cold in that studio. are you warm enough, my friend? neil: i am. >> are you bundled up? neil: i am bundled up. i found there's a window in the studio, so it kind of has the same feel that you're getting. you know, gerri, i should let you know that normally we save the outdoor miserable shots for people like jeff flock and connell mcshane. >> where's connell? neil: he's in boston. we were hoping he would slip, but it didn't happen. but we don't want anything to happen to you. you be well. love the hat. you're the best. >> great fun. stay indoors. don't go anywhere. don't drive. neil: understood. understood. enter jeff flock who we do love. we generally like seeing him more outside but he's at o'hare international airport in chicago with -- look at this. all right. jeff, go ahead. >> go ahead, you say. look at the board. that's boston to chicago -- or chicago to boston. all of them canceled. boston right now is shut down.

logan. also new york, we just received word from jfk and laguardia. also everything stopped at the moment. laguardia's all canceled. the kennedy flights they're saying on time but no gate assigned. that is not a good sign. put up the numbers on total cancellations. and as we do that, maybe dutch follows me because i know mr. cavuto always likes to see what's doing outside. the total number of cancellations thus far today according to flight aware, 3,673 flights nationwide. the delays over 1,000 -- 1,371. and here we are outside. i know gerri said -- and it's a beautiful day. look at that. blue sky. isn't that gorgeous? this lady happens to be traveling today, i'm sure. the only problem is it's 8 degrees out here. so gerri is cold at 23, we are cold at 8. and i need to go back inside. sorry. neil: you know, connell is walking around the snow in boston. i'm just telling you. >> he has his coat on.

neil: i don't want you to feel guilty about it. >> i don't have my coat on. neil: no. >> i'm going inside now. neil: all right. well, you know, normally he does great reports. normally they're fantastic. jeff flock, love him, love him, love him. all right. anyway, a lot of fears that these energy prices are going to pop because they've been popping of late and oil ahead of this, during this, after this. people say you might want to check your wallet because you'll be hurting there whether you're in the direct path of this monster or not, petroleum analysis. patrick, what do you see happening? >> well, neil, i think the only thing that's not going to be frozen in 2018. i was trying to work on that reference too, by the way. the only thing not frozen, gas prices. expect to pay a little bit more in the year ahead. we're already starting the new year off pretty poorly at 2.50 a gallon, considerably above last year. and it's only going to get worse here throughout the year as you mention. oil price is now $61 a

barrel. inventory plunging again. although refined products saw a nice surge, so get ready to pay more. neil: what's driving this? i mean, a lot of this was happening, and you were ahead of this before a lot of folks before any of this talk of this cyclone bomb or bomb cyclone. there's a little bit of ran into this. a little bit of activity into this. but what's driving it all? >> well, i think this could really be tied back to opec's decision of 2016. of course has been declining u.s. oil inventories in very high demand and here in 2018 oil inventory set about 150 billion barrels less than last year. so this is a supply and demand because of opec production cut. neil: all right. thank you very, very much, patrick. be warm. but, of course, you're warm right now. all right. in the meantime we're above 25,000. the seven point milestone

we've seen. it is happening the way it is happening here. and, by the way, this jump is one of the faster -- if not the fastest we've seen. deirdre bolton with more on that. hey, deirdre. >> hey, neil. so the best headline i have seen today comes from twitter from drudge, and it says bull beats wolf. so, of course, the bull is the reference to the markets just climbing, climbing, climbing as you can see here against journalist michael wolf and, of course, this book fire and furry that has really unsettled dc. but just take a look at what the stock market is doing. i mean, this is an amazing climb. so the dow jumping past its 25,000 mark for the first time ever. there's not enough superlatives to underline that. but it is also marking the first 1,000-point gain in the index's history. the average is not the index but there you go. the dow hit five 1,000-point milestones last year. neil, that is the most records of this kind in its 120 years.

so longer term we have to remember this is a nine-year plus bull market. so we are just on a tear. now, take a look at some of the tech stocks that are motoring the overall markets. the dow sentiment if you would like. you have facebook, you have amazon, okay netflix a little bit lower today which is surprising because i'm sure a lot of people at home basically binge watching on netflix right now. you have google's parent alphabet, apple, and microsoft up, up, up. keep in mind as well the nasdaq gained 30% last year. so, again, all of these gains on top of what we already saw in 2017. so whether or not these gains continue, of course, that's the biggest question out there for stock investors. bulls say the lower corporate taxes going to help companies. a lot of these companies included because they have a lot of cash overseas. they will be able to repatriot a lot of money for a one time low fee of 15.5%. and then in the future, these tech companies are not going to pay taxes on revenue they earn overseas. so more or less this finally brings u.s. corporations in

line with most other industrialized nations just as far as treatment of overseas revenue goes. also, neil, as you note tomorrow morning we're going to get a new jobs report. economists that we spoke to that spoke to our colleagues as well at the wall street journal, they say payroll probably grew again last month. 180,000 with even fewer layoffs. so for the moment, stocks investors can keep swinging for the fences. although, i feel like sort of the wrong analogy in the snow. back to you. neil: you know, my idea for your excellent report was to do it outside. >> oh, neil, thank you. what you know? you are so kind, you know? neil: i was overruled for some reason. well, because the monitor. it's been outside, hasn't it? >> let's see how she does outside. neil: let's see how she does. happy new year, deirdre and very happy with the markets and everything else. we have a lot more coming up to deirdre's point here. this has been between the bull and the wolf and ignoring the wolf, ignoring this michael

wolf book fest that has a lot of things to say about a apparently crazy trump white house. crazy like a fox or a bull because people are buying like crazy. after this

trump: i don't know. he called me a great man last night. so he obviously changed his tune pretty quick. i don't talk to him. . neil: all right. he was referring to steve bannon. the president saying that bannon must have changed his tune pretty quickly because he did have a couple of things to say about his former boss last night. anyway this feud is setting the stage for the midterm election battle and democrats are pouncing on it as a sign that the party is imploding. that is the republican party to republican former senate majority leader and what he makes of all of that. predictable politics, i guess, senator. but, you know, when i look around at some of the other news channels as i have to do because that's the kind of guy i am, they are all over it. it is nonstop coverage of this book and its implications. what do you think? >> well, first of all, i don't think these are typical times in many respects. but i don't think a disagreement between the president and bannon will have a great impact on the legislation that the congress needs to pass. there's nothing that focused the attention of a member more than the threat of an election

and one that could be hotly contested. so i'm looking for the republicans to pull together in the congress and have a good year. neil: do you think the affect of the tax cut will be felt enough time to save republicans from losing the house? >> well, obviously they wound up at the end of the year 2017 on a positive note passed a great tax cut bill and tax reform included as part of it. we haven't done that since 1986, i guess it was when i was still in the house. it was a very positive thing. the members felt good about that. they got through the continuing resolution to keep the government operating without the threat of a shut down. but now they've got work they've got to do to finish up last year's quite frankly on the budget matters. but tax cut alone at the end of the year is not enough. they need to do more. and the place to go is infrastructure. we need it. lanes, planes, trains, ports, harbor, water, and sewer. we need it all over the

country. neil: a lot of your conservative friends argue we don't have the money for that. the freedom caucus and others are saying we're not going to go deeper in a debt to get that. what are you saying? >> well, i say they are going to have to come up with ways to pay for it. look, i voted for a gas tax increase at the request of ronald reagan. his secretary of transportation drew lewis called me when i was in the house and said we have to pass a gas tax legislation to help pay for infrastructure and for roads. we did it. not one member lost because of that. you have to come up with ways to pay for it. you have to deal with things like a mileage tax because now with more and more electric vehicles on the roads, you know, they've got to have a way to pay for the cost of the roads too. you need to look at everything, you know? is there something more you could do with repatriation. neil: is there an appetite for that? most sides do not think about that. >> start thinking about it on a local basis. one of the points i make is we have water and sewer systems

all over this country that are literally collapsing. in jackson, mississippi they have a citywide water today. iron in the water is not unique to flint, michigan. so when you're talking about water and sewer systems that affect individual members' districts and states when you're talking about the need for highways or improvement in our ports, there's a tremendous need there. one of the mistakes they made, and you won't agree with me maybe on this is if they had earmarks, it would help a little bit so that you could make sure that some of the important projects in a person's state are left and not just left to some bureaucrat at the department of transportation. but i do believe infrastructure is a place where it can be bipartisan. neil: yeah, there is precedent for it, and you were there back in the day when they used to do that. >> absolutely. yeah. . neil: but i do want to get your sense of this president and his popularity despite the surge in the market, despite the continuing improvement in the economy. and i'm just amazed because

normally bread and butter issues like that come to the forefront. if they're great, it helps the president. if they're not so great, it doesn't help the president. history doesn't seem to indicate that. but not for him. yet. why is that? >> well, partially because quite often other side issues get in the way or he does a tweet that people say was that a good idea, you know? i know that he uses that to get over the head of the so-called old lying media, and you know who i'm talking about. everybody but fox, quite frankly. so it's a tool, but you have to be careful how you use that tool. and people are worried about what's happening internationally. are we doing the right thing on trade? you know, the turmoil causes people to worry. but if they look at the -- what's happening? what's done with the court systems, what he's doing with rolling back all of these outrageous regulations. there are many more that need to be rolled back plus a tax bill if they could do infrastructure. if they could do what we need for the defense of our country, then i think they would have a positive

message. that's one thing that worries me. what is our theme as republicans? what is our message? and who are our best merges? i think we need more republicans, in particular senators and leadership to get out there in the media, including, you know, the fake media and tell their story of what they're trying to do. neil: i think that's the republican's biggest weakness, though. i think there's an inability. and i said this -- politics over the years that no one can crystallize and say in a couple of sentences a selling pitch. i thought jfk was very good, and i thought ronald reagan was really good, and i thought bill clinton was quite good at it. but so far this press and this president not nearly as much. they get so convoluted into the weeds talking about the tax cut that i think they lose people. >> well, you have to sit down and talk about it. what is it that american people want? people are worried about their

jobs, they're worried about the cost of living. and you need a message that explains to them what you're going to do to help them with their cost have living and their economic needs. that -- it's still what it's all about. is jobs and the economy. but you need something very. and then you have to take the men and women -- we have good messengers, but we need to get them out there more explaining why the tax cuts and the infrastructure bill is going to be good for america and help them with their cost of living and future needs. it can be done, but you have to work at it. neil: yeah, it's all about selling it. i definitely see the wisdom in that. you know, senator, you were there -- i don't know if you were there for the first wave of the tax cuts. >> yep. . neil: okay. i apologize. the problem and the rap against that where they were sort of staged in, they were not all immediate. and as a result -- and it's typical what happens at a president's first term in the midterm, republicans lost a lot of seats.

>> yep. neil: now, in this tax cut whether people like it or not, it's not that. it's all immediate, pronto. and that is going to have an earlier than beneficial effect for republicans at the polls. do you buy that? >> i do buy that. i think it is -- they made the right decision to not delay it, to have it go ahead and go into effect. people will begin to feel it pretty quickly. and manufacturing and corporate america is already saying, yes, this is going to be good for us and our ability to expand and give bonuses to their workers, so i think they will see it and feel it quicker. and that will have an impact on the people's thinking. i believe in a positive way. neil: i would be remised very, very quickly we're getting a bulletin in from ap that the administration wants to expand offshore drilling, including in the pacific ocean. would be the first time in decades. it shouldn't surprise a lot of folks the president is telegraphed an interest in doing this. he's talking about the same in alaska. that was part of the deal to expand an up open energy drilling and the like. what do you make of this? >> absolutely the right thing to do.

my attitude has always benedryl wherever the oil and gas is. i'm from the grotesques. i used to sit on my front porch before my home was destroyed by katrina and look out to the east, and i could see oil wells being flared in mississippi and across the line in alabama. it could be done safely. there's things you need to do to make sure it's done safely? yes. but we should drill in the atlantic, actorric, pacific, wherever it is and make america energy dependent which america this year is going to become the largest producing oil country in the world. i support the concepts of solar and biofuel. let's do it all. that's the uniqueness of america. we don't have to just say. okay. we're going to do just coal or nuclear. we're going to do everything in the energy field. it will create jobs, it will grow the economy, and i think the president made absolutely the right decision. see, he's making most of the right decisions.

he's just not messaging them in the way that would be helpful to help and helpful to congress in getting things done theoretically wants to d d. neil: we shall see. trent, have a happy new year. >> good to see you again, neil. thanks for inviting me back. neil: in the meantime we're looking forward for a white house briefing probably address these and other matters although, i have a feeling that that drilling thing may not come up at 2:00 p.m. eastern time. what we hear about is a certain books and what we will hear about are certain arguments, maybe a reference to dow hitting 25,000, but i'm taking a bet on this that that doesn't even come up unless they get to one of our reporters. we'll have more after this hi, this cindy at reverse mortgage funding,

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neil: all right, we are in the middle of a storm across much of northeast america. also waiting a white house briefing coming up in just about half an hour. the president has been going for a bipartisan immigration. maybe i will give you daca,

something was documenting alien children in this country, but you've got to give me the wall and the back-and-forth was something like that. secretary of state, chris, good to have you back. things are coming. >> great to be with you. >> how will this go. democrats say no on the wall but they don't want to see an opportunity where they can't get some end that now appeared would they give on this? >> i have to if they want to get anything on daca for the 800,000 individuals. many individuals is as bad policy. you're competing against americans in their 20s and 30s who have and i were unemployment rate, underemployment. this is something there's got to be a lot of return for coming not just the law, but to stop chain migration and mandatory e-verify, to stop the surge of

new illegals who come in from getting jobs. the parties are at opposite ends of the spectrum right now and unless democrats use i don't think anything will happen. drink a lot of those democrats have gone back to republicans to read this to republicans around this evening said if anything earlier than we would like a record low unemployment rate even with much higher hourly wages, so that just don't watch, would you say? >> it is correct overall. unemployment is pretty low, but if americans in their 20s, the unemployment rate is pretty high. it is a spotty picture when you look at the demographics of these unemployed. why in the world would really collect a million individuals compete against their own kid coming young adults, people in 20s and 30s trying to find those jobs. yes it is true that unemployment is low nationally, but know it

is not true that americans in that age group are struggling. >> what happens if nothing gets done? are you saying about? >> yeah, my answer would be returned to a home country. try to come in legally, like so many other millions of people around the world are trying to do. dream to some of them might have been born or very little when they got here. >> no, they're born they are u.s. citizens. train ticket counter their baby, they have no place to be returned. >> my point would be if they came as a toddler baby, there is a very tiny sliver, they were obviously brought in by their parents. the whole family should be returned to the country of origin. they should return home as a family. there's nothing wrong with the people who broken our laws. it's not a criminal penalty. it is just going back and doing it the right way if they come to the united states. neil: in the meantime, the

president shut down the voter fraud commission. he says the state simply are refusing to participate in any way and that is the commission among other things you leave. what does this mean now? >> the ball is hit enough to the department of homeland security. more of a shift in strategy than inventing of investigation. what was happening as we had almost a dozen lawsuits filed against the commission from democrat organizations on the left in addition to democrats on capitol hill trying to stop the the commission on this partisan obstruction was making it really hard for the staff of the commission to do any work because of the litigation. they are spending more time dealing with litigation and doing investigation. it would take over and continue in the executive branch of the government, not in an open bipartisan commission. effectively democrats lost their seat at the table by attacking the commission. neil: do you think there is enough voter fraud going on to

more and this whole dustup because they found evidence of substantial voter fraud that would substantially make different under races that you know about. >> absolutely. the commission already at its first meeting brought forward 938 convictions and they are just a small percentage of the total number of voter fraud cases since the year 2000. the second meeting willing to pay 25,000 cases of double voting just in one election cycle among 21 days and of course the commission had not yet begun to make inquiry of how many aliens. and kansas alone we had an expert look at our voter rolls in the population of noncitizens and is estimated at 218 dozen aliens may be on our voter rolls and chances. there is a lot of evidence of voter fraud the commission uncovered and there's much more could be uncovered by the department of homeland security. remember, if you have a close election as we often do, you may

omit a handful handful to sing that election. neil: there is no doubt. the time when the president was first looking into this, he was looking at the properly got and it wouldn't have been that way if there wasn't so much building going on. do you agree with that? >> it's hard to say and we may never know. first of all, the commission wasn't set up to look after the questioning. part of the problem is even if you wanted to come the question is difficult to answer because they you identify more than a million or more than 2 million illegal votes. you wouldn't know which way those went unless you have those people sworn before a court of law. neil: he won the electoral vote. he campaigned differently after all and just leave it at that. >> right. i think that's a good point. voter fraud is a problem going forward. all americans, republicans and

democrats have an interest i would hope in making sure elections are fair. unelect did if i want to -- if i went out to make sure i went for its great if i lose i want to make sure it's fair and square and was in a fraudulent outcome. neil: very good seeing you. thank you. >> likewise. take care. strange but i was over 25,000 pairs stuck over the first few minutes of trading. rename their, good enough for the seventh 1000-point advance. republicans and democrats saying barack obama take away. you know how this goes. i really think the media would think a big deal if we are going the other way. presidents are out to do whatever they are going to do and say it's happening under their watch in this case under donald trump's watch, so he should get the credit. a little more. (siren wailing)

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neil: are right, it is rumored and it looks like it is happening. spotify is going to go public and it's doing so in a not so conventional way. hillary vaughn has all the details. hey, hillary. >> a common meal could instead of going the traditional route that tech companies another ad-based services have in the past, the music streaming site escaping the initial public offering and instead asking for a direct listing and that has wall street and silicon valley watching very closely. when they last raise money for investors, it was a .5 billion, that reports estimate it could be worth as much as $19 million

today. how this shakes out or change how tech companies could go in the future. spotify plans to want a amount of public let anyone trade its shares. it's unconventional move is the lack chance instead of coordinating with insiders to sell a plan chunk of shares at a set price at one time. spotify plans to whatever price the market takes that all this could add up to a lot of drama and excitement on wall street for the opening option. if you take the fact there will be no previous trading price, no ipo price by investor feedback and no coordinated selloff for shareholders and then you combine that with the fact that the hot new unicorn on the street, investors are in for a lot of fun. neil: hillary coming thank you very much on that. meanwhile, as they been saying all morning since a few minutes after trading, the dow going up to 25,000 is up there.

sometimes these milestones you can meet them that you don't necessarily stick to them. larry joining us. this has been a fast run and he continues to be. this is the fastest gap between the thousand point, little more than five weeks 24,000 in november. those that were you alone, the speed with which these things are happening. i see that, but does it worry you, just the melted feeling of it? >> it doesn't worry me yet. we are starting to get some interesting things out of d.c. starting to get tax reform, starting to get a fed we can rely in going forward, and as for his rate increases going forward. all of this put into play. now worried wall street at all and that is why we see these markets move higher. the other thing to look at now is europe is so strong in asia is so strong catching up to at

the u.s. has been doing for so long. they are coming right behind us and that could be the next leg. the u.s. could be a beneficiary of that. tree into the way things are looking right now, there's nothing at least on paper to stop it. >> well, there is nothing on paper that can stop this rally. the excuses for get long and old and tired. we keep talking about valuations, me included. we talk about inflation rearing its ugly head. oil has $50 a barrel. what would happen if we had unexpected monetary policies, something on the tantrum back in 2013. neil: that would be something you don't see coming as always seems to be the case historically. >> that's just the point. i think we are also complacent, used to records being shattered its really nice to see.

i think it's one of those things that's going to be in the corner closeted it might force empty leveraging. keep in mind damage u.s. equity spending 45% of their earnings and dividends. dividends are below 2%. 10 years ago that was 30%. don't tell me that stocks don't have leverage. they do when it wouldn't take much for the whole thing to unravel. i'm not a bear. i've just are predicting and start preparing. neil: those are wise words. you should look at both sides of this and the site looks great. there's another thing that comes up again and again about these markets and it is the tax cuts. i don't think people appreciated the magnitude of them. not on the rates coming down from 35% to 21% but the fact they are taking money back a broad tax at a much lower level they almost have to now and put the money to use in ayrshire and a lot of them what their workers are the bonuses you saw coming

and we'll see a lot more that coming, which will compound the positive economic impact of this. for the first six months of the year. you have to remember. you will put your money goes towards the end of 2018. neil: i forgot about that. fewer stocks have been aired. >> we absolutely do. what is surprising that the recent rally is the leadership rally hasn't changed. the technology would take a breather and go towards the value. that is not happening after. the u.s. dollar except for yesterday is really on a

downtrend. that should worry people and also a two year 10 year treasury finding another basis points yesterday is really flat today. i'm not worried about the low level. i am worried about the low-level around the economy and it's very complacent and any volatility of the market is hard to manage. >> thank you both very much. appreciate it. the rally continues in something else continues. this now. an update after this. is this a phone?

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neil: the bomb is still on. any scientist to wonderland. adam klotz and the fox weather center. what is it look like? adam, any updates on the storm? >> yeah, we are tracking a storm right here lifting its way up the east coast. sorry, i did lose you on audio. we are tracking the storm as it runs its way up the east coast aired the center circulation spinning their right there at

new york city. he is of experience across the area. towards the boston area. that is going to continue. it's gotten closer and closer a system like this get some of the more snow you're going to see. the mid-atlantic running all the way into the areas of main ride along the coast where you see the heaviest snow and of course the strongest winds have been a huge part of this. this plays a big part. visibility and win. they grab all the snow in the air, brings it all over the place. wind gusts into the 30s and 40s and then you talk about visibility to it third of a mile in boston, third in central park. and unfortunately this is going

to be lingering for the next several hours. i think anyone at work trying to head home this evening may be having some trouble, neil. neil: an understatement. thank you, my friend. connell mcshane hard in boston but he survived bad kid on the pond. back to him now. connell: this is a little bit worse than not. this is a hurricane here as we are right off of the boston harbor. you have to move a little bit to your right. they are trying to clear the sidewalk that we are wrong. what has happened here is the high tide has come in. if you along the south shore beaches or even boston proper where we are, really getting hit by the wind and the flooding is becoming a problem. the reason we came over to this area was to check out what we heard was some serious flooding at seaport boulevard which was a block or two down but they

closed it off completely. when he been able to get close enough to see it. here they come again when these guys come off the harbor, definitely getting up there is adam was talking about her day, 4050-mile an hour range. it's much worse for you and build a standout probably 75 plus miles per hour. it is that combination when you get the following pressure, swirling winds that makes it very, very difficult obviously to see you, to walk into drive. this will be a challenge as they move into the evening. this gone by three or four times. they are really doing a great job to get the sidewalks in the streets plowed here in boston. this is all going to freeze. this is one compared to what it will be tomorrow when the temperatures fall 10 degrees and then below zero on saturday.

they've got a long slog ahead of them here. but, so far they've been able to keep the roads passable, but very difficult to see. it really is. neil: be safe, be warned. sorry you are out there. we wish the best for you. connell mcshane. the elements. we are bearing the elements here in new york. as you can see just outside this window in her 72 degrees studio is an incredible storm. but i'm dealing with it and i am here for you. but i think one side of the thermostat dipped to 71, did not? everything could happen. we are on top of that. the dow 25,000. i might go out there now and get the latest because there is a great place for lunch just around the corner. a little more after this.

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♪ neil: all right. 45 seconds away from the white house briefing. i do want to leave with you a quick homework assignment. i have a think of advancing things, folks before i get to my buddy cheryl casone. record the number of questions on the steve bannon book, michael wolff book quotes him a lot and how many deal with the dow hitting 25,000. i want you to get back to me. i will only grade the papers that are correct. there will not be a curve for those from other media.

you can not include questions on the dow from fox media. i want you to be on top of that. hope you do a good job for me. i have my suspicions where it might go. it is up to you america. get back to me tomorrow, cheryl casone. cheryl: thank you so much, neil. we are waiting right now on white house press secretary sarah huckabee sanders. she will address the media amid allegations of white house chaos and dysfunction, outlined in a new controversial book. hello, i'm cheryl casone in for trish regan today. welcome to "the intelligence report." president trump's lawyers issuing a cease and desist letter late last night, yet ad former aide steve bannon and author michael wolff, demand they stop the book's pubcation and personally apologize to the president. all of this happening, a little backdrop we have going on, a