industrials good move in 2018. ashley: dan, we appreciate it. closing bell is in 10 seconds. [closing bell rings] any gain will be a record. will we get there? let's go to dave asman and cheryl casone for "after the bell." cheryl: stocks fighting back. cutting losses in final minute of trading. the dow ending down 14 points. 25,370. we were down as much as 129 earlier today. this is a little better. all the major averages closing slightly lower, s&p and nasdaq snapping a six-day record streak. i'm cheryl casone, in for melissa francis today. david: do have been a lot worse. it was a lot worse. i'm david asman this is "after the bell." more on big market movers. here is what else we cover in very busy hour. president taking questions on global and national security at the white house this afternoon,

doubling down on his insistence any immigration bill has to include funding for border wall. this as key members of congress unveiling their bill on immigration. what is in, what is out. we have details. parts of california scorched by wildfires, now they are dealing with the deadly mudslides that follow. an update on the search for survivors amid the devastation that has been left behind. among our guests this hour. we have charlie hurt, columnist at "washington times," "wall street journal" columnist bill mcgurn, judge andrew napolitano, famed reagan economist, art laffer. cheryl: back to the markets. we have nicole petallides on floor of new york stock exchange. boeing had been on stronger points of the day. what happened? >> big picture here we hit highs, basically constantly, yesterday once again, dow, nasdaq, s&p, there was a lot of focus on china, coal out of

china, that they were slowing purchases of u.s. treasurys. treasury yields were on the rise. banks helped keep us afloat. the big picture we gave some back today. the dow is down 16 points. russell, small caps, down, less fractionally, will be down closes to a 10th of a percent. transports closed at record highs. we covered losses, had did not down nearly 130 points, big picture. leaders were banks. financials as a group, relatively flat, but you could take a lack at some dow leaders. you could see jpmorgan in there. there is look at jpmorgan which hit all-time high. bank of america hits 52-week high. highest level since the financial crisis going back to 2008. treasury yields on the rise. financials did well. so much of a mixed bag. we saw pressure on utilities, real estate, technology. those came under some pressure today but the big picture, people are ultimately still

feeling optimistic. they're certainly liking everything from the tax overhaul to the global economy and good economic news. giving a little bit back. can you give one day back? 16 points, folks after the all the records? 92 record closes since the election for the dow? back to you. cheryl: thank you, nicole. exactly all the records today. we'll survive. david: make 1000, you get back 16. not bad. president trump wrapping up a short news conference with the norwegian prime minister where he was pressed by reporters on stance on immigration. go straight to blake burman. he is at the white house to break it all down for us. hi, blake. reporter: negotiations continued on immigration today. up on capitol hill with leaders there after remarkable 55 minute on camera negotiating session between democrats and republicans here at white house, led by the president yesterday. the formula of how a deal could take place has now come front

and center. in order for there to be a daca solution as democrats want and republican negotiators say they want, the republicans need to get a change to the visa lottery program that the president has talked about. he wants to see an end to chain migration. he also wants border security. ie, the wall. at the news conference that wrapped up here at white house minutes ago, the president was asked if a deal could take place. if money for a wall is not included? and he was fairly blunt. >> no. no, has got to include the wall. we need the wall for security. we need the wall for safety. we need the wall for stopping drugs from pouring in. reporter: democrats said they do not want to fund this border wall. this daca program shields some 700,000 people it is believed who were brought to this country illegally as children by their parents, who for majority of their lives lived here in the u.s. there was a court ruling

out in california late last night in which it said that the trump administration's plan to unwind this program by march 5th, unless there is some sort of a deal, can not be unwound, according to that court. the president tweeted about it earlier this morning saying, and i quote, it just shows everyone how broken and unfair our court system is when the opposing side in a case such as daca, always runs to the ninth circuit and almost always wins before being reversed by higher courts. the feeling is even though the court ruled against the trump administration, negotiators working on daca deal field it will not be a big impediment. david? david: it was 55 minutes when the unannounced negotiating session. it was only 15 minutes today. we're sad it didn't go longer. who knows what tomorrow will bring. reporter: we'll take 55 minutes

tomorrow. david: who knows what may come. cheryl. cheryl: be careful what you web for. let's bring in charlie hurt, fox news contributor and "washington times" editor. all that talk about daca immigration and president trump saying no, no deal on daca, if i don't get funding for the wall? >> probably important message for the president to get out there, if you watched entire 55-minute presser, whatever that was, which i did -- cheryl: cash net meeting. we'll go with that. >> it was tremendous thing to watch. entertaining as anything i have ever seen in politics but if you watch that, the message got a little bit muddled, what he would accept, wouldn't accept. obviously democrats were trying to get him to commit to accepting a clean daca bill, but he, it was very good for him today, to put a fine point on that, and say no, i am not doing daca, not doing the fun part, the easy part that congress loves to do when it comes to

immigration without doing the tough part, the hard part. the part congress never actually has been able to get done, which is the border security. i think biggest thing out of yesterday's meeting was, this kind of gets lost between the lines here, is the fact that democrats sat on the sidelines for a year now. they have refused to participate in anything. and in that meeting yesterday, forget whether anything comes of it. at that meeting he actually brought democrats to the table and had them negotiating, which we have not seen in a year. and that by itself is a tremendous success for the president. cheryl: you could also argue they knew they were on camera for all of that. that certainly -- >> he shamed them. cheryl: changes what they were willing to say. democrats may have been more conciliatory than they might have been if no cameras were there. ask you about a decision by federal judge that happened last night on daca. you have to wonder if this is gift for the president? the march 5th deadline is fast approaching.

he gave them six months to come up with a deal on daca. all sides are far apart. if it ends up in the court system, that legal battle continues that gives them time to figure out what to do with the "dreamers." >> i think you're right about that. not only write -- right in terms of in this particular, when ever these lunatic judges, particularly ones from the ninth circus, they make rulings flatly unconstitutional, on their fast they are laughable, when they make the rulings, it kind of in a weird way helps conservatives believing having jurists that follow the constitution because it allows people, it allows republicans to campaign against these people. look, this why we need to overhaul the judiciary. the problem you're reminded by this, you could have a million good judges who follow the law and follow the constitution. it just takes one to do what this judge did last night to undo what law and order in this

country. cheryl: charlie, at least the negotiations are open, the conversation is happening. >> yeah. cheryl: -- funding for the wall mate it clear was sticking point. his answer was no. charlie, thank you. david: lunatic judges i love how frank he is with his descriptions. what is congress doing about immigration reform. details our own adam shapiro. hey, adam. reporter: several things happening on the mimi graduation part i take them simply part by part. first comprehensive legislation a bill introduced in the house by bob goodlatte from the house judiciary committee. this would be comprehensive immigration reform outlined by the trump administration and republicans for capitol hill. it would call for ends of diversity programs. eliminating the visa lottery system. it would be an end to chain migration. would reduce overall immigration levels, but boost immigration levels for people with skills

the united states deems it needs. there would be things like building the border wall which the president wants, advanced technology for immigration, so it's a comprehensive piece of legislation. there is a press conference about this legislation just moments ago. that is now in play. but that is not going to happen anytime soon. what is coming up is the issue of raising the funding limits for the united states government. tied to that, at least what democrats want is the daca part of immigration reform for those 800,000 students who are brought here illegally by their parents. first there is meeting underway, very important meeting with people, kevin mccarthy, steny hoyer, john corbyn and dick durbin, lead negotiator for democrats out of senate. they are working specifically on this daca issue. now republicans insist it will not be part of a continuing resolution to keep the government funded past january 19th. the democrats are saying it has to be. so you get into this kind of push, push, push.

no one is giving just yet. here is what we herd from kevin mccarthy just before the meeting began? >> dealing with daca. dealing about border security. dealing with chain migration. then dealing about the lottery system. those are the four elements and principles what we all agreed to in that room, after, at the end of the meeting that is where we would have our focus. >> you have got senator schumer representing the democrats you have to do at least daca portion as part of a comprehensive bill or it will never get done because bills on immigration die in the house. here is what schumer had to say this morning on the floor of the senate. >> the house has been a graveyard, even for immigration proposals that have had bipartisan consensus here in the senate. so it must be on a must-pass bill. otherwise we're not going to get it. reporter: david, what you hear in the hallways on the house side of the capitol, one there

will be another continuing resolution to get us past the january 19th deadline. it will not have at least what you hear in the hallways what the democrats want. they will get some kind of deal in place to deal with all of that after january 19th. back to you. david: adam, thank you very much. there is a lot of work going on with regard to taxes. in particular senator cruz, ted cruz is challenging a lot of democrats who say there should be middle class tax cuts should be made permanent. cruz is saying okay, democrats i work with you. he is specifically calling out bernie sanders saying come on have a socialist agree to make the middle tax cuts permanent. will it ever happen? here is art laffer, former president reagan economic advisor and laffer associates founder and chairman. we're not prejudice against socialists. if socialist wants to make the middle class tax cuts permanent that would be okay with you? >> some of my best friends are socialists, david. just joking.

i have no problem with that i would make them permanent. david: the point bernie sanders, other democrats they were making a show of this. they had no intention of voting with republicans on any tax deduction. they were saying a shame middle class tax cuts are permanent. when you call their bluff, okay, let's make them permanent, they say no, i don't think so. >> i know that. that is game of had -- playing politics at best. put a bill making them all permanent, middle class tax cuts. see whether they vote for it or not. david: that is a good idea. >> why don't we deal with that with the continuing resolution as well. we have continuing resolution, the wall, you have the lottery, you have tag-along, you have got the daca. you know, let's put it right out there. david: put it out there, let them vote on it. >> bingo. david: there are questions whether the middle class feel effects of tax cut before the election. >> of course it is. david: one of the ways the president promised they will,

take-home pay. with holding tax will be taken away in accordance with a new tax law, people see their paychecks grow, there is questions whether the irs will actually do that. stop withholding as much as they used to. do you know how irs will work on this? >> no, i know absolutely nothing. people will still feel it very much, david. the economy will pick up and growing. there will be better jobs. more jobs security. all of that will be there. if people are so shallow, up is withheld at some point in time, god bless them. people deserve the governments they get. if they want to throw trump and his group out in 2018 in the house and senate, god bless them. they will have to live with the consequences of that. i'll tell you, i will short the market. david: you have the huge corporate tax cuts. you also have something that the president said is stop immediate deduction millions of dollars expenses small businesses.

that means everybody you buy, computer, car for your about, everything up to a million bucks you immediately deduct. this i think will be a huge bonus for small businesses in this country? >> it is great. it is great. it should be for everyone. it shouldn't be for the classification they have. it is great. 100 percent expensing will be great. all are very pro-growth policies. i love them all. i really wish they go with them as much as they can, make them permanent. david, the expensing, if you started expensing now, the difference in how much deducked five, 10 years from now, it is very, very small. david: right. >> it increases internal rate of return on an investment enormously, but increases level of capital quite substantially. david: bottom line, economists always underestimate the growth of effective tax cuts. >> except for one person. david: this economist right here. who invented the laffer curve. art, wonderful to see you.

>> dave, wonderful to see you. thank you very much. cheryl: makes economists look good. david: he does, he does. that is a good way of putting it. melissa: new york city is suing five major oil companies. wait until you hear why. david: draining the swamp. we brought you details how much waste and fraud is in government bureaucracy. now one congressman is introducing a bill to do something specifically about it. he is here to join us coming up. cheryl: more on the fallout from the testimony given by the cofounder of the group behind the unverified trump dossier. did dianne feinstein break the law when she released those transcripts to the public? liz, the testimony will tell us, judge andrew napolitano has got answers for us. he is next. >> it sort of points to this idea the fbi was systematically and strategically leaking information to undermine the trump campaign for the trump presidency after he is elected.

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david: democratic senator dianne feinstein releasing testimony of glenn simpson, founder of fusion gps, research firm responsible for the trump dossier, releasing more questions about the document itself. we have fox news's catherine herridge. catherine, this is proverbial journalistic on i don't know, you keep peeling back the layers right? reporter: david, chuck grassley said ranking democrat dianne feinstein's decision to release a transcript from the fusion founder glenn simpson on her own was a breach of trust that could ultimately derail efforts to secure testimony from jared kushner, the president's son-in-law.

>> these transcript was have been released eventually anyway but i think it does create some problems. for instance, when you're getting people to voluntarily come to you, it may go, a lot of people a little more reserved about whether or not they want to cooperate. >> senator grassley was asked but did not comment on this tweet where president trump called senator feinstein sneaky, underhanded and possibly illegal. the decision to release the transcript. on senate floor democrats praised feinstein for -- >> advancing the american people's right and need to know the full truth. i want to applaud senator feinstein's leadership in using her proper authority as ranking member, to serve this vital public interest. >> separate development the

president's long-time personal attorney michael cohen is seeking more than $100 million in damages, suing fusion gps, the firm behind the trump dossier, as well as buzzfeed who published the memos online exactly a year ago today. on twitter cohen said enough of the enough of the russian dossier. without mentioning the controversial author of book, fury and fire, he said the laws are out dated. >> our current laws are a sham and disgrace and do not represent american values or american fairness. can't say things that are false, knowingly false and be able to smile as money pours into your bank account. >> but here's the critical details. former british spy, christopher steele, paid fusion gps to gather intelligence of russian

sources is someone known quantity to the fbi and had a track record with them, having worked sensitive cases in the past, worked with as described as credible. that is where it stands today, david. david: catherine herridge thank you very much. cheryl. cheryl: so much to go through. here to react to the latest developments, judge andrew napolitano, fox news senior judicial analyst. judge great to have you here. >> thank you, cheryl. cheryl: i think senator grassley said it best. this could be jeopardizing the investigation if you want other witnesses to come forward and testify, feinstein's actions whether or not illegal or improper she created somewhat of a mess for her own committee. >> senator grassley knows the operation of the senate judiciary committee and the nature of this investigation far better than i can. but he also has the subpoena power. so if jared kushner is scared away by a promise to keep secret his testimony, which is defied by not all testimony being kept secret, all they have to do is serve him with a subpoena. that is a command.

he will have no choice but to testify. in terms of allegation of unlawfulness, this is protected under the constitution called the speech and debate clause which protect as member of congress from being prosecuted or sued or otherwise harmed because of information released in the official capacity. so diane, senator feinstein has done it before. she released a 6,000 page, graphically detailed report about cia torture that took place during the george w. bush administration. she released it during the obama administration. no one could harm a hair on her head. cheryl: the committee is questioning how they're following through on this, on question of christopher steele, the british spy. one of the thing they're getting criticized for, after transcripts are released, his lawyer jumped in, do you believe in the research, do you support christopher steele, his lawyer jumped in we'll not talk anymore about particular issue because somebody was killed. the committee let it go.

>> almost inconceivable that there was not natural curiosity -- cheryl: who died! >> right. so we really don't know who he is talking about. is the reference to seth rich, the democratic national committee staffer killed assassination-style in d.c., who it is believed was somehow facilitated hacking with dnc emails? is it reference to russian source of christopher steele's, we don't know? we learned very, very interesting things. when christopher steele whatever he discovered he went to former superiors in london and went to fbi here and found credibility what he told them. cheryl: real quickly got to ask you about something the president brought up in his news conference in the 3:00 p.m. eastern time hour. he was asked about the mueller investigation by john roberts of fox news channel and the question was, would you testify, would you feel compelled to testify? the president put it away, we'll get there, he didn't really want to answer that question. >> right.

cheryl: but this idea of the president testifying to the mueller commission, how reallies this? >> it's not a commission. it is bob mueller, bunch prosecutors and fbi agents and assistants and grand jury. mueller would request an interview. president would say no. the mueller would ask the grand jury for a subpoena. he would have to show up. when bill clinton asked to testify before federal grand jury. it was his own behavior. it was disaster for him, it made matters first. when the government comes calling, criminal defense lawyers, negative talk to a guy that owns a grand jury. you will rue the day you decided to submit yourself to their questions. cheryl: investigation is one word, witch-hunt was another phrase that the president used today. >> i was surprised to hear him say that. his lawyers asked him to stop saying it. he did four months. back it using the phrase again. cheryl: president trump will do what he wants.

judge, thank you very much, judge andrew napolitano. >> good to be with you. cheryl: david, over to you. >> that handsome david asman. david: good advice for grand juries, judge. i hope i never use that advice. praise from south korea, why the president of south korea applauding our commander-in-chief. we have the comments. southern california struck with deadly mudslides killing people and injuring many others. a dozen remain missing. this is after the break. >> we thought the fire was table. this is absolute devastation. that is awesome. strong. you got the basic, and you got the beefy. i just think it looks mean. incredible. no way. start your year off strong a new chevy truck. get a total value of over $9,600 on this silverado all star when you finance with gm financial.

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david: rivers of mud and debris leaving at least 15 people dead. fox news's william la jeunesse in montecito, california with the very latest. reporter: search-and-rescue mission is underway in southern

california centered on santa barbara county with crews out in force a day after a series of deadly mudslides, swamped the area with dirt and debris. they were triggered when heavy rains drenched hills recently devastated by wildfires. evacuees describing a scary situation that quickly escalated. >> all the debris came down. it sounded like cars were being dragged. we saw boulders, rocks, i tried to get out, couldn't. >> we knew if was bad but didn't know it would be this bad. reporter: residents braced for possibility of flooding due to heavy rain and forecasts for the first time in months. mandatory evacuation orders are in effect throughout the area but officials say only 10 to 15% actually left. the rest waking up to roads and neighborhoods covered by rivers of mud. >> the water was gushing everywhere. we had no idea what was going on this whole area. used to be a road, not a huge riverbed. reporter: as the rescue mission continues public health

officials tell the residents to avoid water at least 72 hours, following increased bacteria levels following mudslides. >> you could become sick because of high bacteria these points after a rain. reporter: most of fatalities happened in montecito, california although unknown number remain missing. the sheriff's will go door-to-door, house to house to find any that remain trapped. william la jeunesse. fox news. david: william, thank you very much. cheryl? cheryl: new york city taking on big oil, suing five major companies contributed to global warming. bp, chevron, conocophillips, exxonmobil, royal dutch/shell, all suing, new york going after these companies. mayor bill de blasio says the city will look to recoup billions of dollars spent on resiliency efforts related to climate change. the lawsuit follows the city's announcement it plans to divest its pension funds from fossil fuel companies. david: busy busy guy.

preparing for the next presidential election. cheryl: isn't though. david: yes he is. critical deadlines for the trump administration and iran nuclear deal. what is going to happen this week? cheryl: plus president trump getting some love from the left. we're going to tell you why. >> twas a tremendous meeting. actually it was reported as incredibly good, my performance, you know, some of them called it a performance. i consider it work. ♪ no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance.

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cheryl: looking at live pictures of the white house where president trump is currently meeting with treasury secretary steve mnuchin. both are going to be attending the world economic forum in davos, switzerland in two weeks along with the commerce and trade secretaries, that could be one of the big topics of discussion right now. we'll bring you any headlines when we get them. david? david: davos will be something. meanwhile rare praise from the left concerning president trump's game-changing bipartisan meeting at white house yesterday. here is how the mainstream media reacted. take a listen. >> got to give the president of the united states a lot of credit. he allowed the tv cameras in there for this really remarkable meeting. >> a year ago, this is the president sy many people thought up donald trump was capable of. playing the role of a deal-maker, whether it is sees fruition or not, this is what people who had high hopes for

the trump presidency thought it would be, meeting after meeting like this. david: joining me to react is bill mcgurn, "wall street journal" columnist had a lot to say about the trump administration. since those comments yesterday, the press has been kind of walking some of this stuff back because they realized they were playing into trump's hand there, what he was doing yesterday. where does all this end up? >> well we don't know. i think the president hopes it end up in a deal, and a deal is clearly out there. he is offering the democrats something they really want, is, regularizing the status of the daca people who came here as children, and in exchange, he is going to insist on some stuff for border security, especially as well. that is campaign reality. the wall was probably the defining issue of the trump campaign. he can't make a deal on immigration for his people without getting something in return. david: it is clear that the president just cut through about 150 hours worth of time wasted

on the floor of the senate or on the floor of the house of representatives just all this stuff making noise about things. he just cut through a lot of that stuff by what he said but i'm wondering also, how this ends up in terms of the press viewing the president and press putting out a view of the president as being confused or anything, which seemed to ended in one quick press conference? >> it would take a lot of faith to believe the press will reexamine their premises and everything. look, one of the most debilitating things of coverage for this presidency, you can disagree with the president, but when you enter our coverage, believing that he is stupid, it is debilitating to your own coverage. one thing a journalist should be doing is questioning premises, not accepting, seeking wisdom. david: sure. >> so much is all the same. david: when you hear people like joe scar bow row talking about yesterday, which everybody agreed, even some cnn critics it was a terrific performance by

the president to use his word, he said he was rambling. he looks confused. we were all witnesses to how he zeroed in on the issues very clearly. had bipartisan support in the way he did that. people are witness. they can decide whether they get this crazy idea from joe scarborough or what they saw with their own eyes? >> i'm a happier, healthier, man than you i don't listen to joe scarborough. david: i read the transcript what he said. >> that doesn't worry me. the virtue of what president did, the president can see for themselves. there are different ways going around the press and coverage. twitter is one of them. this is excellent way, let people see it. it is excellent for your opponents, a lot of times people want to be heard. they want to have, it gives them a chance to make their issue. david: i want to switch gears dramatically here. what the fbi is going through is very personal interest to you, not only because you write about

these things, your father was fbi agent. so you have a personal stake what happens to the fbi. it is clear that some of of the top echelons of fbi were actively working with surrogates of the hillary clinton campaign to actively put out stuff against donald trump. that is what was happening as far as we know. >> that is what it certainly looks like. it was the family business. david: you care a lot about what happens to the fbi and it is viewed now as in some ways at least from some quarters of it as a partisan institution. >> i think my impression is that the, that the bulk of the rank-and-file, the men and women, agents are doing a tremendous job and people of integrity but the leadership made some incredible decisions. look, just one. when peter strzok's name first became public, remember we were told what a professional he was. this is the consummate counter intelligence professional. david: he interviewed hillary clinton. >> he is having an affair with

coworker, another fbi person. they're putting all these incredibly partisan things, the latest texts show it looks like they're discussing a leak that, had to hide it. does any part of that scream professional to you? david: not at all. not at all. it must bother you a lot. >> it should bother everyone, this institution, one thing, i think it is worse than anything mrs. clinton did, and i think she did some pretty bad things. it is bad enough if there is a candidate cutting corners and stuff but when it is our law enforcement agencies, if we can't trust them, the game is really up. david: bill mcgurn, thank you very much from "the wall street journal" cheryl? cheryl: a looming deadline on the iran deal. president trump is currently weighing his options, facing critical deadlines whether or not to keep the united states in that nuclear agreement. we will have a live update from the state department, next.

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cheryl: it is decision time for the u.s. and the iran nuclear deal. white house facing major deadlines this week whether to keep that deal going. rich edson with more from the state department. rich? reporter: good afternoon, cheryl. secretary of state rex tillerson meeting with president trump at the white house to discuss the deadlines. those conversations started this weekend of this latest round of deadlines when president, number of cabinet members were at camp david in maryland. it seems likely close to sources of the president, he will continue to wave sanctions that relate to the iran nuclear deal. that keeps united states adhering to the agreement, a deal that president trump says he basically loathes. the president also has another deadline upcoming. that is whether to certify to congress that iran is complying with the bulk of the nuclear agreement. for the first time in october the president refused to certify that iran was complying with the bulk of the deal. that kept the u.s. in the deal but gave congress a greater role

in deciding iran policy. so now, the congress is deciding a host of issues, whether it wants to do away with the certification deadlines or make them less frequent. whether it wants to involve more measures against iran's ballistic missile program and some other measures pertaining to iran. on the backdrop of this, this is how reports are coming out, iran is cracking down on the protesters, arresting them, torturing, killing some of them. this statement from the white house a short while ago regarding that, saying quote, iran's regime claims to support democracy but when its own people express aspiration for better lives, an end to injustice it once again shows its true brutal nature. white house press secretary calling iran to release all political prisoners. cheryl, back to you. >> rich edson. thank you so much. david: well another front in the worldwide political scene. high praise for president trump coming from south korean president moon, quote, i give president trump huge credit for bringing about the interkorean

talks. i would like to thank him for that. leaders of north and south korea meeting yesterday for the first time in two years, reaching an agreement for north korea to send athletes to the winter olympics next month. it was announced vice president pence, second-lady karen pence will lead the delegation to the olympics. >> well, draining that swamp, one of president trump's biggest campaign promises turning out harder than anyone imagined. one congressman has a few suggestions on how to rid d.c. of corruption. republican congressman rod bloom tells us his plan to drain the swamp. that's next. ♪

david: congress offering president trump new ways to drain the swamp. congressman rod blum, offering ideas, ban on first class flights and luxury car leases paid for by taxpayers, lifetime lobbying ban and pay cut for congress if they don't balance the budget. congressman, thank for coming in. have you heard from the president on any of these issues? >> i haven't heard from the president on any of these issues but shortly after he was elected i was with the president-elect at the time. president-elect trump, i was into drain the swamp before you were. you had a good chuckle at that. i would love to work with you to get that done. when can we do it? he said let's hold off for a while but it will be on the

agenda. that is why i'm hopeful. david: if you get him announcing these things publicly and pushing for them at press conference and the like, much more likely to get something done, right? >> exactly. i am asked all the time how do we make this happen? you have to be honest here, this is kind of like asking turkeys to vote for thanksgiving. the way we get this done we need to mobilize the grassroots. we need to mobilize the army of citizens out there, because these are winning issues. term limits, all these issues are winning issues. probably 60 to 80% of voters nationwide would vote for them. republican, independents, or democrats. bipartisan support for these issues. so all we need to do is get a vote scheduled. i'm hopeful because of president trump being in the white house. he is an outsider. he is not an establishment guy. david: congressman, i mentioned term limits. how many congresspeople come into office saying they term limit themselves, they like it and they stay. they claim to be in favor of term limit.

>> there is no doubt in my mind. i think a lot of my colleagues say they're for term limits, for a balanced budget. once their plane crosses the potomac river something switches in their head. when they get here, the worst fear is schedule a vote. they don't want to go on record. we need president trump to get behind this. david: one of the problems a lot of people saw yesterday, is probably the only problem that people from the left and right agreed with, is when the president came out for something that he seems to be more apart of the swamp, that is solution to the swamp, let's play the tape, get your reaction. go ahead. >> maybe you should start bringing back a concept of earmarks? it will bring you together. you will do it honestly. get rid of the problems that the other system had. it did have some problems. one thing it did, it brought everyone together. this country has to be brought together. david: now earmarks for my

lifetime have been part of the swamp. that is what pork, that is the definition of beltway, pork, right? >> no doubt about it. i was shocked when i heard that. but knowing president trump, there is something behind that. maybe he is tossing a softball to the establishment leadership in the house and senate because he wants to get these next bills passed. i can't believe for a second that this president is supportive of earmarks. i can't believe it. yes, they are part of the swamp. they're an indicator of the swamp we have here in washington, d.c. we all remember the bridge to nowhere. david: that's right. essentially where you trade a political favor for something in your district. so it is like getting a campaign contribution from other members of congress. but you don't think it is going to go out there? this is just something you threw out maybe to chide some people that thought, they could read his mind? >> it is going to be debated with our rules committee here in the house the next few weeks, the idea of a limited amount of earmarks.

i absolutely stand 1000% against earmarks. here is interesting little statistic. once someone becomes chairman of a powerful committee, the earmarks to their state over history has doubled the following year. that says it all. that says it all. david: it is pork, no other name for it. congressman, good to see you. >> appreciate you having me on. appreciate it. cheryl: shrimp on a treadmill. david: that's right. that is the pork. cheryl: it may be possible to have it all. the best job in america if you want high pay and work-life balance. we'll tell you what it is next. ♪ e technology helps prevent your urge to smoke all day. it's the best thing that ever happened to me. every great why needs a great how. ... how do you win at business?

stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com melissa: so the best jobs in america, software developer ranks in the country's top job for the year according to a new survey from u.s. news and world report. david: next on the list jobs in the healthcare sector, we got dentist, physicians, assistants, nurse practitioners, and orthodontists. if you are a nurse right now or a nurse practitioner, you've got

it made. you can go practically in any city in this nation and get a job a well-paying job. melissa: the healthcare industry continues to be really the top spot for jobs and developers. david: that does it for us thank you for joining us cheryl thank you for joining us risk & reward s starts now. president trump: i've been in office now for 11 months, for 11 months they've had this phony cloud over this administration, over our government, and it has hurt our government. it does hurt our government. it's a democrat hoax that was brought up as an excuse to los ing an election that frankly the democrats should have won because they have such a tremendous advantage in the electoral college so it was brought up for that reason but it has been determined that there is no collusion and by virtually everybody, so we'll see what happens. liz: that was president trump in a joint press conference with the prime minister of norway just moments ago saying again there's no collusion with russia and the trump campaign before