the 81st record close under president trump. still just over his first year. the 98th record close since election day. the dow is now up 160 points. that is setting the stage for, neil cavuto. neil? neil: thank you, sir, very, very much. we're keeping an eye on that rally picking up a little bit of steam here. a lot has to do with companies sharing the wealth, home depot, 1000-dollar checks, could be more by the way. chrysler fiat and those bonus checks are substantially more than we heard earlier on, maybe $5500. how these things are upping the ante. we're hearing anecdotally companies want to pick up more of their workers health care costs and the like. we're also monitoring that at this company. i'm just joking. do whatever they want. let's get right to it, the dow up 163. across the board gains in at

least key sectors, and some technology issues taking it briefly at this time yesterday on the chin. coming back a little bit. we have charlie gasparino here, we pot connell mcshane here, and "the wall street journal"'s shelley holiday. shelby, it is more than a drip, drip, drip, but steady flow of companies doing this sort of thing and they all peg what is happening out there directly or indirectly that without these tax cuts they wouldn't be doing what they're doing. what do you think of that. >> they do have more cash but they can do this the labor market is tightening. they're underpressure to boost wages. treat employees better. do the top talent. it is a win-win with businesses an trump administration. yeah their tax bills are a lot lower. businesses like to be in the president's good graces. this is easy win-win. neil: one of the interesting things looking back and forth how unexpected for a lost workers at companies, when they hear about it, i saw one story

where home depot worker was, hadn't known. must not have watched fox business. and was like overjoyed. >> imagine how happy gasparino will be. neil: absolutely, absolutely. i can see him blowing it all at the olive garden. >> 21st trend sy 50-dollar bonus. >> i didn't know this was coming. fiat chrysler -- neil: hold on one second, please. no, mr. murdoch. he did not mean that. go ahead. [laughter]. >> tried to set stage for these things. >> you never know. neil: first you're on the air -- >> really working on the phone. >> no ladies. neil: go ahead, connell. >> kangaroo court here. meets with the ceos in davos. fiat chrysler number was interesting. they said they would save u.s. dollars, $992 million. it was almost the same amount they reported in their profit

last quarter. this is a big deal for these companies. >> is that right? >> that is your point, hey, we have so much money we don't know what to do with it here, a little bit of everything. neil: italians tend to be very generous. figuring that out. then there is you. >> then cheap ones like me. neil: you mentioned something interesting yesterday. >> one thing. [laughter] neil: besides that, that this is a guy who could never get into davos as a businessman. >> yeah. neil: now of course he is being feted there. everyone who wants to snide zing him whatever. >> this is 180 from his administration last year. who was ascendant last year, navarro, peter navarro, wilbur ross. wilbur is in davos. who is not? >> year ago he was announcing a

travel ban. neil: yeah. i could never picture him doing this. >> you're saying globalists are winning? no they ascendant in the administration. we don't know if they're winning. he had mnuchin talking down the dollar. >> right. >> and wilbur talking up a trade war. we don't know how is going to work out in policy maybe it will all be rhetoric but seems like the globalists are winning, isolationist, nationalists like steve, steve is gone, bannon, they're losing. the tax cuts are interesting. here is the one thing we have to recognize with the tax cuts, except for this network where you and i neil, repeatedly talked about how the corporate tax cut, if it gets to 20, 21%, plus the deregulation how that would be such a boon to business, the mainstream media downplayed it so much. neil: this is one thing the media was right on though, it was disproportionally tilted to the corporations. >> my point is -- neil: now they have this curse of riches and they can't just

give it to shareholders. >> that is -- the mainstream media went off, said all these nice are going to do is buy back stock. yes, they are going to do some of that. as you see, they can't do all buybacks. it is impossible. >> they're paying down debt. >> not enough shares out there. neil: the fact of that, shelby, if we're looking at that, these might be outside the mainstream, certainly, this activity but not to four million americans benefiting, is it your sense that right now that we're going to see a lot more of this, even before the individual rate cuts kick in where people see it in their checks that this will goose the economy? >> i think we'll see it for a few reasons and yes, the president can take credit for a strong economy. the strong economy is creating a tight labor market. like i said you will see this anyways. so the wind fall from tax reform boosts that, accelerates that. more companies are doing it.

more companies across the board are doing it. it is not just one sector. but i think companies are realizing there is a lot of bernie sanders sentiment out there. if people saw that their companies were making this much more money and didn't reap any of the benefits there would be a backlash. that still exists. neil: i don't question their motivation or what's trick -- triggering it. >> here is one fly in the ointment in april, tax bill, in five states upper middle class people will get hosed when they can't -- >> that comes up next year. >> you're sure? neil: you're right, the impact will be, it will be after the midterms so republicans can say charlie with, go threw it. >> democrats angling are going after the northeast, california republicans, saying listen, they're part of the party that

screwed you in new jersey, in california. so don't vote for darrell issa. >> why you see awe the retirements. that is why you can't vote for darrell issa. >> that could lose the house for republican. >> it could. neil: i think just the opposite. i think it will keep it. >> maybe. neil: when you look at this, what do people tell you, there is delayed effect. so much is instantaneous. in other words it is not being brought in in stage. >> obviously i don't know, one thing interesting, i was talk this pollster the other day, about the president's approval rating may have been last week, i said what level does the president need to get to democrats say we could be in trouble. 45 is about right for him. that was my point. inin the fox poll he is at 45. this is president doesn't necessarily need -- never is going to be the most popularfy in the world. neil: i think he relishes that. he relishes -- >> gasparino never getting 80%

approval. the point he doesn't need to. >> the midterms will not be normal. we're seeing a huge swell of african-americans coming out in special elections, to elections we -- neil: does that even out on impact? >> honestly i think a lot of what the president says next year. >> where the president's approval rating matters. >> it could matter, yes. if he energizes that base few made the point the other day, he has to get some bump out of the economy. but he is getting it now, right? >> it would be so easy to continue to have approval rating move up. he has to stop tweeting crazy things and making offensive comments. neil: said that to connell for years. >> delete the twitter account. >> i said offensive thing yesterday, it wasn't quite offensive -- neil: we know you, we get used to it. >> it wasn't offensive. >> you and the president are only people revisit comment. >> let it lie. >> some of our viewers say me

saying bs to trump saying -- neil: i wrote that. i wrote that. >> very sophisticated audience. neil: one thing a president will try to do, one of the things you mentioned, i think, connell, about the european business leaders he is meeting with tonight, i think that is the most significant of all the powwows he is having in the brief trip to davos because they're interested in expanding their investments in the united states. if i'm angela merkel or macron, i'm beginning to think, wait a minute, this president we dismissed, poo-pooed, he is stealing our thunder here. already the imf said at this same gathering, this is going to increase, .2 of a percent gdp output. >> that is good point. neil: that could concern them, this crazy guy they snickered at, whatever you think of donald trump is stealing their business. >> we've seen it last couple days in comments come out of davos essentially not only european but all business leaders in general, essentially, hey, we may not love this guy, may not like a lot of things he says particularly on social

issues but he is making us more money. the president said he will make a case. it will be interesting to see what the tone his of is speech tomorrow morning of our time. he will make the case things are better in the united states, bring your money here. i do think it is noteworthy the market is not freaked out. >> with all due respect why would you bring your money in here if we have a weak dollar. >> that is what i'm saying -- neil: a lot of these guys are setting up factories here. >> i say they will stop doing that because if you have a weak dollar policy they get less of their money back when converted. neil: do you buy the argument, it will lead, putting socialist states with their backs up against the wall? they have to do something to encourage activity in their neck of the woods? >> yes. i don't think that european economies are necessarily in trouble but i do think everybody is -- >> global economies -- neil: i don't minimize that. >> i love the fact that you had

a french canadian accent with macron. neil: macron! >> that is not french french. or parisian french. macron is for a lower corporate tax too. neil: absolutely. >> let's be real clear, trump's economic policies are great, but just remember i will annoy the trump kins out there, what every generic republican would have done, everyone of them, minus the crazy trade stuff. he have one of them. neil: we'll see about that. he also made a quick comment yesterday, if hillary clinton had been elected, he would mention her we would be down -- >> he mentioned her? really? >> we will be down 30%. >> i mean she was similar to donald trump she would say things and nobody would believe if they could believe what she was saying. >> her economic policies were disasterous. >> nobody believed her that she would be a socialist. neil: maybe the market would not

have done as well as it would down but would it go down to%. >> there are not reasons it would have again down. >> there are reasons it would have bonn down. they would have never priced in the corporate tax cuts. >> for sure. >> i don't know what you're hearing but i talk to somebody yesterday, their basic point they don't think the president will go too far on this stuff. a lot is talk. he is targeted with tariffs of washing machines and solar panels. neil: you were -- it is interesting how -- >> to the story. best assignments. neil: but it was freight you explained process, lg -- >> thank you, neil. neil: wish we had more time with you yesterday, but were they concerned there, hey, all our lg stuff, all our stuff is going to suffer? >> it was interesting. the sales guys and stuff on the floor when i got there, they were. neil: connell mcshane. >> with cavuto?

i love cavuto! they were concerned that price would go up, they were highly priced. they to the email, we'll go up 50 bucks. now they're curious how -- neil: they could have gone up a couple hundred. >> tariff is 20%. 600-dollar machine -- neil: maybe the president is right, they are dumping stuff here? >> of course they are but you know who is really worried now? the agricultural industry. they are complaining to the president, the congress. neil: that is the worry, when you start these will you have a trade war here? >> wilbur ross seems to want one. charlie brings up really good point. we hear a lot of rhetoric and crazy, and hear president trump in davos telling theresa may we got your back. neil: he didn't drool. -- >> he didn't drool? neil: stop it. >> i couldn't help myself. all these issues come up with

the president's state of the union address about a infrastructure package. it could be $1.7 trillion. minor little details how you pay for that. begin at 8:00 p.m., go through 11:00 p.m., trish right after us, as long as it takes. startling news yesterday with west virginia democratic senator, joe manchin, you know what, that wall thing? do it. let's do it. chuck schumer, were you watching? , were you listening? after this. how do you win at business?

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neil: funding more wall that he has ton a 180 now. i want to be clear, i want to understand what you're saying senator, that mean he left open these other things you just mentioned? >> yeah, i think it is all rhetoric right now, the wall. the president has said he wants the wall. first of all, if we didn't need a wall i would say, well that's not right because the experts tell me we don't need it. we need a wall. in certain places we need a wall. i think the president acknowledged that chuck will come around, he will call it border security.

some will call it a wall, whatever we're going to do we'll do it. we'll do what it takes to secure our country. i will vote for that. >> that is a big deal there, joe manchin, telling chuck schumer, get on the same page with the wall, you committed earlier on in the negotiations with the president. funding for such a thing, reversed it, stop it, try to move on. daca deal, immigration done, where we give ground on the wall, maybe the president give as little bit of ground before he left for davos on eventual citizenship for the daca kids, they're not kid of course, is this the makings of the a deal. the centers for immigration studies jessica vaughn and rollcall alex, am i getting that right? i probably screwed that up. >> you're good. neil: let me ask you about that, you see this reversal, certainly on joe manchin's part. i'm wondering if other democrats feel the same way, other republicans given the lead on

the president's part eventual citizenship for the daca folks who are here. that sounds like the makings of a deal. what do you think? >> i think so. neil: alex first. >> what the president learned in last few weeks he has been dealing with extremists in the democratic party like chuck schumer and dick durbin who are for massive amnesty, not going to be satisfied with anything less than that, and that you know, there are other democrats who are going to be much more reasonable who represent states where people want to see our immigration laws enforced and understand this is not just deal-making. there is legitimate need for the things that the president is asking for, and that the president and republicans are giving in a lot by agreeing to an amnesty before the enforcement is done. neil: that is a very good point. jessica you could look at it another way. look at all the grief and protesters chuck schumer is getting outside of his home in new york. a lot of people very angry he

fumbled this or deemed him the reason why it was fumbled. would they, would they be happy with a deal if it involved still a wall or a semblance of a wall or something like that? what do you think? >> i think there are some of the more extreme elements will not be satisfied with anything short of a massive amnesty, but they're not needed for a deal. i think at a certain point but there are some democrats who have to say to themselves what is more important, provide amnesty to people with daca, or giving that up just to save future chain migration and visa lottery. that seems to be an easy choice i think. neil: what do you think of that? >> someone like joe manchin is always been a moderate voice in the senate. there has to be give or take and he decided is there something to agree with the president on some things and move forward in the senate to continue regular order. neil: what do you think will happen, a couple weeks from now when all this hits the fan

presumably, what happens? >> i think what we learned past weekend nobody wants another government shutdown and it has to be bipartisan solution will come out in ther from front. i think after the meeting last night, bipartisan group of senators got together to talk about daca fix. things look like they will be able to get something done so a couple weeks from now we'll not be looking at another government shutdown. neil: lady, sorry for my confusion. that was on me. you both handled it very, very well. by the way when they were speaking we're getting a bulletin from northrop grumman, indicating it will be the latest company to share the wealth, not directly pegging promises of a thousand dollar check to each eligible employee, they have north of 67,000 of them. but if they meet performance metrics and, sort of, expectations, even one of then will get it. they didn't indicate when. didn't cite the tax cuts per se but the latest company to say

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neil: all right. with do we have audio of the president in davos? [shouting questions] [inaudible] >> mr. president? >> everybody else great?

neil: all right. this from earlier. see if he said anything when he came down the stairs. [shouting questions] >> i think the real message is, we want great prosperity and we want great peace. i think that really is the message. it is going really well. a lot of people coming back to the united states. we're seeing tremendous investment. and today has been a very exciting day, very great day. great for our country. thank you very much. >> mr. president -- [inaudible] >> rubbing elbows with all the bigwigs. neil: that is so weird. he did the same thing. no, kidding. got tail end of that. of course addressing all the progress, making on peace in the middle east, i think referring to that, with talks with benjamin netanyahu and more importantly about the investments that are coming the u.s.'s way. meeting with a bunch of business leaders tonight in davos. all this reverberating nicely

back home with nicole petallides on all of that hey, nicole. >> neil, investment here in the united states he gave optimistic platform, business-friendly platform. americans we've seen all the milestones since the election. the dow up 179 points. different picture with homebuilders. some with the economic growth in the labor market and seen strength in the labor market. people are shopping for new homes. demand has been on the rise but supply has not matched up. that being said, in fact for the month of december, we saw new home sales decline 9.3%. that was largest drop in nearly a year-and-a-half. new home sales year-over-year are higher. but the 625,000 number there did pale in comparison to the analyst estimates. then we saw the homebuilders all dropping between two and 3%. but this group has done amazingly well over the last 52 weeks. for example, pulte homes, 70%.

kb home, 104 percent gains. if you were invested in the homebuilders you're pretty happy what you have seen ultimately with your stocks. down two, 3% on the latest number. revisions for prior two months as well. neil: nicole, thank you very, very much. when it comes to housing a very big worry for market legend jim stack, keep in mind, he was the same guy back 2004 and 2005, worried about runaway real estate market. take a look. >> if the risk to the market if prices are overinflated, if economic slowdown and if interest rates are half or full percentage point higher than they are today, then those housing prices could come down a notch or two and possibly more if we go into an actual recession. neil: all right. what are the odds of that and what are the odds this market can sustain itself the way it has been of late?

>> i think it is pretty much a certainty at some point in, at least within the next two to four years we have to look at the prospect of a recession. neil: all right. now, you can quibble with that. of course he was predicting, the last housing market crash, he is not necessarily saying it would be an outright crash, but we've run very far, very fast, that we're due for this. it could drag the market down with it when it occurs. a housing expert is here. we have also market watcher joe duran. to you first, what do you say it is some incentives to own homes are taken away ironically with the tax-cut package? people in high-taxed states have very little interest in it. so the underpinnings for housing despite improving economy, despite all the extra dough americans are getting their hands on it will not pan out. he is worried. are you? >> i am not worried because the fundamentals are very strong in the housing market. i have been in florida for 15

years right now, what i can tell you people are feeling very, very confident. the economy is very strong. they have a lot more purchasing power. it is not just the numbers and perception of the buyers. there are very confident right now in their sentiment is very positive. neil: what do you think, joe? >> i think that the housing market is now because of the tax bill, a lot more regional than it has ever been. as you correctly identified in states like california and new york, the affordability which was already out of reach is now even more out of reach. states like florida and texas are going to see influx of population and the cost of owning a home isn't what it is here in california. the second thing is, it appears we're following bush's doctrine of a lower dollar. we talk it up but we let it go down. that means more capital investment from the rest of the world. that will be support for real estate. what happens if unfortunately

too much foreign money coming in to our assets, makes it less affordable. i think i'm, maybe less optimistic. i agree this is the most business-friendly president we've had in very long time. that is making people wealthier. the stock market is making people wealthier but it is about affordability. neil: one of the things he mentioned not that we're getting sort of dangerous again or going back to the period in the late '90s, early 2000s where anyone with a pulse got a mortgage, no-doc loans and all that, but risky loans are coming back again. not again in the numbers they were but enough that it concerns him, and that it is propping up real estate in some kilo cals. what do you think of that? >> well in 2007 we had some very predatory lending practices and i don't see that right now. in the past you had people who were getting mortgages that they couldn't afford. you had hairstylists who were buying two million dollars

properties that they couldn't really support. what i'm seeing now, properties that are going and selling very briskly, are valued right. so people who are buyers, very sophisticated. they sobered you have up after the crash in 2007, and they're spending the money, but spending it wisely. all my clients, they want values, and they will not pay over the market value. they're very cautious of course. but they feel much stronger fundamentals because the banks are no longer offering subprime mortgages. they're no longer lending to people who can not afford those mortgages. so those are the two most important fundamental shifts. they actually came as regulatory change in the aftermath of the -- neil: if she is right, joe, i have no reason to believe she's not but one of the things you could argue in the extreme case let's say jim stack is right. maybe housing though isn't the leader it was or influencer,

pardon the term, that it was and other things come to the fore to help the economy this time without housing. what do you make of that? >> i totally agree with your view which is first, i don't know if it is your view -- neil: it is which is dangerous, extremely dangerous. >> well the one thing i know we don't have these the supply of capital issue we had in the past with very lose lending standards. the banks are very well-capitalized now. what led to the decline, two things happened, pricing became completely untenable and banks were not able to support it. we don't have the bank problem now. we have markets that are frothier, some are fine. we have offsetting increases in in income, definitely, unlikely almost impossible to go back the way we were 2007 and 2008. you likely to see certain

markets flat line or come down a little. we had a good run. very good markets in certain places t would be normal. panic mode is unimaginable to me we could go back to 2007-2008. we don't have the speculative lending we had in the past. neil: we'll watch it closely. joe, thank you. senada, thank you, very much. if the markets are concerned they have a funny way to show it. i like to remind you for the umpteenth time we're in record territory. more after this.

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figures. where is that money coming from? the former housing and urban development secretary under one president bill clinton, hennessey cisneros. good to have you back. >> back to be here, sir. neil: that is a big bill, 1.7 trillion. you guys back in the clinton days advocating that these are some long term issues we should be addressing. how do you pay for that? >> i think the expectation is probably a trillion, what i have seen more months about 200 billion of actual federal dollars. so the federal tab is not that great. it is 200 billion. neil: matching private? >> matching efforts to bring private capital and also public capital. how do you induce that? well, things like bringing pension, capital, for example, even private equity capital, induce it with lowering barriers to building infrastructure, rationalizing at lower level in terms of permits and expediting

the work. identifying those things with monetized returns. for example, ports, airports, airports with concession fees and landing fees. we can do a lot of it on the private side. the united states is behind the rest of the world bringing private capital to public infrastructure. neil: the private money wants to see the public money do something first, higher gas taxes. do you agree with that? >> yes. that is part of the process monetizing what people use like roads and like toll roads and others of that. i think this is ripe for bipartisan agreement. neil: it should be, i had shut be, right, but they don't do much bipartisan. >> someone asked me what will it take to make this bipartisan and i think there are some things should be looking for. are rural areas are included for example? if the administration only puts in incentives to large private capital so you get judged on a

project basically how much private capital can you bring, rural areas areas with real needs that are poor are not going be able to play. so i am very impressed, and there are leaks for what the administration plan will look like likes like they thought that threw. more traditional programs grant oriented for the flint water system. neil: what about, even after this whole immigration back and forth, why do you think chuck schumer handled that. >> let me finish that point if i may. i'm impressed that the administration has thought this through. gary cohn, and the group, secretary chao at transportation, they put in place a lot of things democrats can work with. neil: i mentioned chuck schumer, i mentioned whether he can still work on infrastructure after the whole immigration -- >> memories are short in washington. you have a dough feet today. then you go out and win tomorrow. like an nfl team you have to

have a short memory for the defeat because you will play another game next sunday. chuck schumer will be a force in the long haul. neil: we don't have short term. we have the whole term. >> you won two super bowls over the patriots. neil: let me ask you this. about where the immigration stuff goes. they do seem to have middle ground here but when people like joe manchin are open to consider a wall or part of a wall, you know, should chuck schumer revisit that? he took it off the table after putting it on. >> he took it off the table to negotiate. neil: right. >> look, we have 700,000 human beings who really, by all rights, need to be in the country, deserve to be in the country. they have no other country. they ever contributors here. we got to fix that problem. and some of the most staunch advocates of immigration reform and the "dreamers" say look, if what it takes is some movement toward what the president wants on the wall, then that is the price for dealing with those

700,000. otherwise -- worth it in the sense of 700,000 people are vulnerable to deportation t. it would be a human tragedy. shutting down the government is whole different thing. he wasn't one that did it. it was not his plan. neil: we'll go back and forth on that. this president is often quoting these markets, both the tax cut and regulatory relief saying everything is on fire. bill clinton was loathe to do that, at least quote the markets as much because to paraphrase him, much like ronald reagan, you don't want to be caught in the middle after big crash, all of sudden they're playing video of you talking up the market. >> bill clinton presided over what is the largest expansion in american history and we saw unemployment rates drop, business formations rise, incomes rise. it was a very effective

expansion. this one is a long expansion and, people who are fair give president obama due credit for getting the economy up from the recession, and now president trump is able to preside over a economic boom and i think -- neil: but the last year, do you give president any credit? >> i do. i do. neil: would we have that if hillary clinton were elected? >> there would be some aspect of this with hillary clinton elected, i think talk of deregulatory environment and tax reform has many things that appeal to business. we'll see growth as a result of that. neil: are you surprised number of companies, better than three dozen, prominent ones affecting upward of four million americans getting bonus checks and stock? >> i am a little surprised. i am a little surprised? neil: do you think democrats that voted against that everyone of them, will regret that. >> i'm surprised companies aggressively raising wages and such but in ordinary times they

wouldn't have done that and scrutiny and debate over tax reform many are inclined to say we are wanting to show we're pro-worker, pro-growth, pro-middle class, pro-family budgets. neil: are you thinkinging this l look too good for republicans in november? >> nobody is worried about looking good. it will be a battle in november. neil: you think so. >> it will be a dogfight. every day there is something that contributes to the political debate. whether it is russia probe or whether it's issues related to immigration, there are some things on the table that are unpredictable. there is no doubt in my mind we're not going to know the results of the election in november until that night. neil: you know, i actually think you're absolutely right about that henry sis narrows, former hud secretary under one president bill clinton. very successful in the world of business as well. as the secretary and i were speaking we're getting a bulletin from the justice

department, the inspector general recovered missing text messages between peter strzok and lisa page this is pack and forth on donald trump and whole russian collusion thing. the drama continues unfolding. we'll have more after this.

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neil: all right. the inspector general recovered

those missing text messages. some say they are in the hundreds. others say thousands. hard to say. they were between peter strzok and lisa page in the middle of back and forth on the russia thing, saying oig, i assume the office of inspector general has been investigating this matter. succeeded this week using forensic tools recovering things from fbi device, including text messages from mr. strzok and miss page, reteased december 2016 and may 2017. to vince collagnese. how big of a deal is this. >> i want to know why we went through the whole nonsense scandal. text messages a missing, public pressure mounts. all of sudden they find them. couldn't they have found them in the first place? neil: a lot of them were coming old galaxy 5 phone and lost between the galaxy -- i didn't even understand it. bottom line they found them.

>> that's right. well we'll have to look through them this is critical period. remember, this goes from the transition period all the way up to the appointment of robert mueller. that include a bunch really critical points along the timeline including the inauguration of president trump and firing of james comey. what it will do color in the lines where peter strzok, lisa page, these two top fbi officials where they were involved in sort of influences investigations if at all, into donald trump and hillary clinton. we've seen plenty of evidence suggesting they were very biased towards hillary away from donald trump and the key question in all of these text messages how much did that guide their judgment and investigations into either figure. neil: you know we do know these appeared between december 14th, 2016, and may 2017. we know donald trump is already at the beginning elected president of the united states but we do know prior from mr. strzok, he was very cynical in communications back and forth with miss page about donald trump in general. one particular exchange

interested me at the time because it raised concerns this they thought donald trump was a joke, and that even though they didn't see it, a chance in hell of him winning, that such an investigation would be, i think they used term the insurance policy. >> all tern live they acknowledged nothing is there. we saw the text, there is no there there from peter strzok as they were considering whether or not he would join the special counsel investigation. what i havedy, i'm glad you brought that up because i'm not nearly up to seed as you are. >> go ahead. neil: when they said no there there, they were referring specifically to what? >> it looked like the no there there text was a specific reference to the notion that an investigation was about to be launched by special counsel robert mueller into president trump and his connection it russia for him to say -- neil: their doubts that it was even warranted? >> that is precisely right. he was questioning whether or not he should join the investigation for that reason despite of the fact that he had

tremendous antipathy for this man. i'm struck by seen two fish by officials, particularly peter strzok, that they were so reckless in communications on government devices. they should know the surveillance powers of the united states government. taking these risks can get people like them in trouble. that suggests to me they were drunk on power. they thought they would never be held accountable and the fact that hillary clinton would be president and they would never be found out. neil: we'll never know to your point. we do know robert mueller is bouncing around the idea, interviewing, talking to the president. the president says he is perfectly willing to do that a lot of legal mind, very smart ones here elsewhere saying, regardless what you think of the president it wouldn't be a good idea for them to do that what are your thoughts on this? >> i talked to a couple legal expert on this, hey it is not a food idea. even if you're a boycott with clean conscience you want to be this position with freewheeling conversation particuarlyily

somebody especially, what they think perjury trap. get the president to ask a bunch questions, figure out a way to connect the dots. if he does do this, it may give thai cobb, president's lawyer, where robert mueller and his team are going and have a sense where the charges, if any, what direction they're going in. it also could help accelerate the end of this investigation. the white house has a lost deep considerations here but i think people are very much warning the president who is always candid in every conversation he has, he likes to volunteer more information than necessary that could be a bad idea when it comes to somebody investigating you. neil: thank you. you leave me speechless, vince. we'll have more after this. >> glad to do it.

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president trump: i think the real message is we want great prosperity and we want great peace and that really is the message and its been going really well. a lot of people are coming back to the united states, we are see ing tremendous investment and today's been a very exciting day , a very great day and great for our country. neil: all right, there was a time before he became president of the united states that he couldn't influence his way into these davos gatherings and now that he's president of the united states and the most scrutinized individual on the planet no trouble this time for a president whose decided to crash this party almost at the last minute. blake burman is in davos with the very latest including european business leaders later tonight. hi, blake. >> hi there, neil yes the

president will be dining here shortly in davos with a host of ceo's across europe. it's described as a dinner with business leaders we're hoping to get a list here shortly. but the president was also engaged in a couple high profile bilateral meetings to start off his day. the first one was with the british prime minister theresa may and in comments to the media the president tried to drive home the point that his relationship with the british prime minister is just fine, this comes after the president had canceled his meetings, a trip rather to the uk and may was none toilessed with retweets the president engaged in at the end of last year but president trump also said that the british would be a reliable trading partner with the u.s. going forward. >> the trade concepts and discussions really i think i can say most importantly they will be taking place are going to lead to tremendous increases in trade between our two countries which is great for both in terms

of jobs. >> after that the president held a bilateral meeting with possibly his biggest allie on the world stage the israeli prime minister benjamin netanyahu and the president offered this warning here to the palestinians, listen. president trump: we give them hundreds of millions of dollars in aid and support, tremendous numbers. numbers that nobody understands. that money is on the table, that money is not going to them unless they sit down and negotiate peace. so the president here clearly but there is also a massive u.s. delegation that is here in davos alongside him. among them the treasury secretary steve mnuchin who made some major news yesterday in which he said a weaker dollar isn't necessarily all that bad as it relates to u.s. trade. he sat on this very set earlier this morning with maria bartiromo and said, really, that is just the reality of the situation.

>> my comment was just stating the fact, which in the short-term a lower dollar is helpful to our trade in balance, okay? and has certain benefits so it was really a statement of fact. >> back to the president, he has a couple more bilateral meetings tomorrow neil and then it is that big speech at 8:00 in the morning on the east coast as he addresses the crowd here in davos an as you can see behind me, it's about dinner time 7:00 here local time here in davos and the president set to sit down with those european business leaders. neil: i look forward to see who they are. thank you very much my friend blake burman in davos. let's take a look at dow well into record territory, although not as much as it was earlier on there is a concern that even though it seems to be localized to chinese solar panels in south korean washers that this could be something starts a trade war or at least starts a more aggressive tit for tat over

trade. deirdre boulton and matt welch, so matt, you don't like even the threat of this sort of stuff? >> no, i don't want to pay more money for a washing money or a solar panel. i don't think americans need it for their stuff. it's the wrong way to look at it no country that i'm wear of in the last 100 years has tariffed its way to prosperity. in fact the opposite has happened as people dismantled reduced tariffs we've lifted a billion people out of poverty. it's a miracle. neil: you know, i'm always going to think was there a method to what the president did to without having to get those tariffs in effect he gets what he wants. >> maybe this is an opening, a sign of we're willing to walk down this road unless we begin to renegotiate some of these trade deals. neil: which you got to fight through. >> that's right so he might be going down that road or may not be. may be this is the road he wishes to walk and we're going to walk deeper into it.

there's expectations there's going to be a lot more for china this year that this is going to be the year in which that relationship does get strained over the trade issue, so he's there in davos kind of making this argument. he's saying look, we can't keep things as they are, whether or not you agree with them or don't this is one of the reasons he's there. he's there to say this is the american position. we don't think it's unreasonable we do think it's an opportunity for us to rethink trade relations and we're going to crack some eggs in the process. neil: you know, deirdre the number of times, well you used to do the show, he would always as a candidate, you know, china needs us to have a lot more than we need them and we tip toe around this issue. >> not going to tip toe. we have certainly seen evidence of that. but i feel like gary cohen economic advisor before the president left for davos kind of setup his trip by saying america first does not mean america

alone and just saying he wants to project, i agree with you, this kind of it's a sales pitch right? america is open for business. now, people either love the president or they hate him. i mean he's a very polarizing figure. i think the one thing that's hard to argue against is this tax reform we've been talking about this since it passed and the fact that so many companies are actually passing down the benefits, we've seen the markets continue to rise, okay admittedly not record high record high but if you look right now all in the green so it seems like investors are actually banking on the fact that they think american businesses are going to be more profitable this year. neil: even the europeans are concerned a little bit enough for first imf report to say this american is globally contribute to wealth and all of that. is there a sense that they're the ones behind it? >> oh, i don't necessarily think so. we just enacted a huge corporate tax cut. that's a big deal. there's going to be a repatriation of capital that's going to happen to this country so in that sense they're open for business but this doesn't

put europe behind the eight ball unfortunately by not going into tpp, they're having a signing ceremony in march. we're not part of it so we're going to be america's second when it comes to selling milk to japan. >> and china will take our place right? >> and i'll buy this argument so this is a trade deal that we led and now we're not part of. canada is is and most of the 11 of them, they're going to move ahead with this but i would disagree on one point. that is some of the european nations are a bit behind the eight ball and we saw that in the interaction with theresa may that visit to london was canceled by the president but because he was expecting there to be protests again. neil: right. >> this is a relationship with a long time primary allie of the united states, so why is theresa may making nice with the president? for the very words he spoke, which is we expect there to be a lot of trade with britain in the

coming years. neil: they look strained the two of them. >> and britain needs that. why because it's getting out of the eu, and she knows she's got to secure trade relations with the biggest economy in the world before that. neil: good luck on that. you know northrop grumman is the latest company we'll share the wealth, but a thousand dollars per employee. they've got a lot of employees, 767,000 so you have home depot, starbucks, disney, jp morgan chase, apple, fiat chrysler doubling the bonuses. it's a lot of money. >> i did the back of the envelope i'm up to 4 billion in just bonuses given to employees and that's my own calculation. neil: that's before the individual rates kick in. we've talked to democrats who are getting concerned now that this could come back to bite them de denovo what are you hearing? >> i don't know about that but what i do see is the markets continuing to go up this $4 billion i'm not even counting other incentives neil, the pay raises that we've heard from other companies, so i would say

for my money, this tax break has been president trump's greatest accomplishment. neil: but has it registered? it's picking up a little bit the support is picking up a little bit. how sustainable is it? >> we don't know until it comes through and if this is canceled off by everything becoming more expensive because of trade wars that wouldn't be very helpful for the bottom line but let's not also sleep on the de regulatory efforts which has far eclipsed what the most optimistic people are predicting neil: that was 90% of this runup you could argue the expectation of tax cuts but most was born on those regulatory. >> and some of those reforms are going to be happening in the future. they blocked a lot of regulations that were coming through but then the actual reforms coming through fda and other places are coming out in the next year or two and i expect to hear a lot about that in the state of the union address. neil: are you surprised on the response of corporate america to the tax cut? >> so we won't know what the

response is. neil: i'm mentioning some of the anecdotal ones. that's right and underscore anecdotal so we won't know what corporate america does with this tax cut for some time. do they think that it's a tax cut that's there permanently or the democrats if they get congress are going to roll it back? do i as a ceo think out 10-15 years to build that plant or am i thinking three, four, five years out to the end of my term where i have to show a rise in the stock price to get my bonus? there for i'm going to do a share buyback and dividend increase. neil: that's all they did in the past that kind of stuff. >> so we won't know the effect of this i think for quite some time. the jury is out on that and the other thing the jury is out on is how much future generations are going to have to pay for this tax cut. neil: unless it creates such unheard of revenue and opportunities. >> a big windfall right now and it might spur the economy such that there's greater tax revenue across-the-board because of more vibrant economy or maybe it won't. >> if we have trillion dollar debts starting this year.

>> it's a pretty big number. neil: jamie dimon with 4% growth could come as a result. well let's hope so that would be lovely. that's the idea. i don't know, i'm a little bit more skeptical and i do think that people who are very much against this tax break, that's what they were saying we are shackeling our children and our grandchildren with an enormous amount of debt. neil: you don't share the president's enthusiasm? >> sad. neil: guys thank you all very very much. still early in the going here the rally still continues. the dow up about 157 points and of course this is something the president will no doubt speak about in the state of the union address and we will be covering that live in washington beginning at 8:00 p.m. and we're there as long as it takes. these things can sometimes take quite a long time but the president we're told also planning a $1 trillion infrastructure plan other than being quoted at about 1.5 to 2 trillion. do you know how that got up that high? >> it's likely going to be 200 billion and then the rest is

going to be for investment. neil: you've got to encourage that. easier said than done. all right, a little more after this. building a website in under an hour is easy with gocentral...

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neil: all right, with the tax cuts with wind at its back the president is pushing in the state of the union address next week infrastructure and we are talking big time infrastructure to the tune of at least a trillion dollars over 10 years we're told that could easily move up. now there's a break down as to how much is going to be forked over by uncle sam and how much will be picked up by private initiatives. adam shapiro with the latest on how that's reporting. hi adam. adam: hi, neil what they're talking about is a $200 billion seed kind of fund from the federal government to leverage a trillion the president yesterday said 1.7 trillion over 10 years in infrastructure improvements, but in the document which was leaked to axios, the other news organization in which some of these infrastructure projects are being proposed, there was on page 4 a thing called value capture financing so what they're talking about here is

for any city or state to get tax dollars from the federal government for a transit project , they would have to have some kind of mechanism and to capture some of the upside as a result of this public works project increasing property values after the fact. now this is already done in a lot of places across the country in the form of tax incriment financing but there's no parameters defined in what they're proposing for value capture financing so it would be up to the cities and states to determine how much they're going to take and how they're going to take it. we spoke to senator mike rounds on two of the committees that will take apart the infrastructure proposal when it's introduced and here is what he said. >> there is a benefit to looking at one particular project and developing and improving the economy in an area around it and if that happens then the value of those assets go up. if you can use part of the value of that asset that goes up, not so much to take it away from the owner but in terms of the property tax base, that is

increased, it doesn't cost the local unit of government. >> but what about the local individual property owner? adam: that's where the fight will be here on congress is trying to define parameters by which to con strain or allow state and city governments to enact these value capture financing deals in order to get the tax dollars to do major capital transit projects, subway lines, rail lines, that kind of stuff. neil? neil: thank you my friend adam shapiro with us right now. so a lot of companies are sort of thirsting for what would be happening in this country as it's happening pretty much around the world. in fact there's been a global push to do this sort of thing and doesn't my next guest no it, michael burke from davos and they've very big into building, financing, operating a lot of these infrastructure assets i think in north of probably 150 countries for all i know. very good to have you sir thank you for coming. >> neil thank you for having me. neil: how does this look to you

now the president is going to be talking about this being a public/private partnership, a little seed money on the part of uncle sam i guess 200 million but leverage to the extent of a trillion or more. how doable is that, what do you think? >> well, i think it's very do able. there are a number of components to it and that is one of the components. what we would like to see is the plan continue to be flushed out where we have three good pillars first of all the plan needs to address the shortfall in the highway trust funds, it's expected to go bankrupt by the year 2020 so that's one pillar. the second pillar is incenting private investment which the administration has talked about for a long time and we think is a very beneficial way to address this problem and then the third pillar is incenting the local governments to state and local governments to raise their own moneys to be matched with federal money so all those three concepts seem to be talked about here and we think that's the heart of a really good

infrastructure plan for the country. neil: you know this might be a little weird, michael but i know you do projects all over the world and particularly in asia and singapore a big one going on all over the place and yet now trade tensions could be building with this country and for example, the chinese. very big players on this global stage as well, so does that worry you that in the middle of this infrastructure push, a key player could be a lagerhead with the united states. >> well of course we're always worried about trade tensions and my firm belief is that cooler minds will prevail on this point there's a lot of discussion about it here this week in davos and i think that we will have cooler minds as we get through this initial tension phase. neil: what is the mood there among people? i'm not asking your political wisdom on the president but that he will lead to this boom in the united states.

i think the imf at this davos gathering has said it could actually contribute to global gdp growth. are you in that camp? >> oh, i am definitely in the camp that we are seeing a global synchronized growth in the economy for the first time in a long time, and i think the message that we're hearing and we heard it yesterday with secretary ross saying while it's an america first policy, it's america first but not alone and i think that's the message that the administration is delivering here on the global stage. neil: this worldwide building that's going on, the worldwide activity that picked up a lot of foreign markets as well as we're doing in the united states as you know better than anyone they're doing even better. do you see that continuing? the reason i ask is when i see the bull market pretty much around the world it gives me pause, but what do you think? >> yeah, well certainly it is a bull market around the world but we are seeing global synchronized growth as i just mentioned and what gives us even

more encouragement or more optimism is the tax bill that you were just talking about earlier. we are expecting significant amounts of capital to be repatriated to the united states under the new tax bill and we are seeing an up-tick in capital expenditures by u.s. corporations with all of that cash inflowing back to the u.s. so that is encouraging for us. we do expect to see a pick up in the private sector that will go along with the pick up in the public sector from the infrastructure bill, so bringing those two industries together about the public and the private sector should continue to contribute to the growth in the u.s. to match the growth we're seeing around the world. neil: and it is substantial and you're seeing that firsthand. michael burke, thank you very much for taking the time. >> great. thank you, neil. neil: in the meantime how do the nfl and their protests and everything else even ahead of the super bowl what about a pro football league alternative? yeah, it's happening again and he's the guy behind it, after

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neil: all right when they were together earlier today, uk prime minister theresa may and donald trump didn't have the best or warmest body language but we're told they do share obviously a lot of common concerns between our great country but the least of which is terror and what to do to prevent it. hillary vaughn has the very very latest on all of the above. hi, hillary. >> neil well prime min it's theresa may held nothing back in her remarks blasting tech companies for terror content spreading on these platte forms and may says these big companies are no longer passive hosts of user's content threatening a major policy shift that could be a big liability for social media

sites like facebook, twitter and google-owned youtube. they proposed switching their role from host to publisher which would make it responsible and potentially liable for its user's content. >> companies simply cannot stand by while their platforms are used to facilitate child abuse, modern slavery or the spreading of terrorists content. we've made some progress but we immediate to go further so that ultimately, this content is removed automatically. >> the prime minister also calling out tech start ups like the messaging app telegram saying some of these smaller platforms have become a home for terrorists or these first choice app for pedophiles. google's vp of public policy saying in a statement to fox business he agrees with may there should be a partnership between tech giants and startups may also had some sharp words for shareholders saying they should consider the social impact of companies they're investing in and hold them

accountable. neil? neil: thank you very very much. we just had one of the safest years ever to fly in this country but the issue seems to be planes that still want to make their way into this country , maybe bad stuff on the board. the tsa is announcing a new screening process for cargo coming from predominantly muslim countries. my next guest is on top of that. he's a tsa administrator and this guy probably knows but he keeps a level head about himself very good to have you. >> thanks great to be here. neil: the countries in question, sir appear to be egypt, jordan, qatar and why those and what's the fear? >> all based on intelligence information neil. we look at intelligence to make sure that we're ahead of the threat out there and we saw some trends developing in those countries and we thought it was prudent to put some additional measures in place. neil: what were the trends? >> just information that's flowing that might indicate there might be more of a danger with their cargo than there was before we saw the information so

we very quickly put these measures in place. neil: not necessarily individuals boarding with trying to get something on a jet due to inflict harm? >> we're looking at trends and methods trying to get ahead of both those. neil: what have you found out thus far? >> thus far we found out our system has got a lot of fidelity to it in terms of looking at air cargo. all air cargo is screened before it gets to the united states so we didn't add any additional screening per se because it all gets screened but what we did add is more advanced information to us so that we can look up-tick lar pieces of cargo and say based on the information you provided in advance we want to provide additional screening for those pieces of cargo. neil: how do we check what's in the cargo compartment? i remember in the everglades there was a value jet that wasn't a terrorists about but nevertheless something was there that shouldn't have been in there. there are obviously rules for this how do you police what goes in? >> we check it multiple ways, using x-ray machines and if it's

small enough to fit through an x-ray machine we use that. we also find that canines are incredibly effective in cargo. neil: is that right? yes with passengers as well, and additionally if neither of those are available or work, we just break down the cargo and physically look into it. neil: you know, we just came off of the safest year for air travel, i believe ever, but obviously, some guys taking over a job like yours you worry about that. >> uh-huh. neil: we goat cocky don't we? >> well we don't get cocky we always focus on the mission and it could be that one person that one piece of fargo. i've got a tremendous workforce of 60,000 people on duty all the time. neil: do they know who you are at these airports? >> more and more every day. neil: the boss is here be careful. we use social media inside tsa to get my message out and so as time goes on been in the job for a little over five months more and more people know whether i am. neil: i don't mean to disparage the system sir but i do notice wide variations between airports , why is that?

>> well there are different procedures with we have in place at different times and for example, we just put a new procedure in place to raise the overall level of security in the united states and we begin that at the end of the summer and it's continuing all the way through the holiday periods and we should wrap up the change in procedures in the next couple months. neil: i guess what i mean is more observations that some airports take your shoes off, others don't, some show the liquids others, it's okay. what is it? >> we have a standard operating procedure so there should be a great deal of standardization across the system. every once in a while you'll see variance but it depends which lane you're in, pre-checked lane you won't take your shoes off if in standard you'll be asked. neil: i know i'm in trouble if at the security desk they're playing cnn. i just know it's going to be long. is it your sense right now, you know the president is back and forth in fighting in the courts about people who come from certain countries that sort of thing but at the core of it is the fact that it's about keeping people safe. this is the president he's

coming down from a meeting and on his way to this big dinner but his point is it's about safety it's not about racism. what do you think? >> that's right that's the way we view it as well all about safety and secure the and we look at the individuals background and any indicators we might have both before they come into the checkpoint or while they're in the checkpoint that might cause us to do additional security measures so that's probably why you might see some additional variability but it is a dynamic system based on what's presented to us at the time. neil: i'm listening as you're speaking if the president had anything to say heading off to this dinner. this is the one i believe with the european business leaders but very quickly to that point the way this has gotten we're trading in the united states is the president has an approach to this but that you're arguing is not the case and are we getting cavalier about that then or what >> it's not the case at all. in fact the decision we made to increase our security for air cargo i made that decision and i was not influenced in that decision enemy way, shape or

form. neil: when you ran this by folks and said all right these are muslim countries we're talking about. >> i actually laid out the intelligence and based on the intelligence which countries we need to focus on and which air carriers need to focus so it was totally based on factual information we had. neil: all right someone in government takes the heat, taking the heat. all right very good seeing you sir, the tsa administrator. can you imagine him showing up when you're on the line? all right, we have a dow up 144 points, bonds kind of holding their own the president getting ready for his big dinner, we're still trying to get a list of who those ceo's and others are there. some are a couple of hedge fund managers i understand i assume european hedge fund managers but the big investors in the u.s. and some are among a group critical of donald trump when he was running for president right now sucking up to the president. little more after this. with fidelity's real-time analytics,

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neil: so the president in davos sitting down with european business leaders let's listen in president trump: i thought what i'd do is first of all i want to thank the professor for having done a fantastic job, thank you very much. you have really done outstanding and putting this together at this level over many years has been great tribute to you and your entire group and your entire family so thank you very much. it's an honor to be here representing the united states. >> thank you. president trump: i just want to say that there's been a lot of warmth, a lot of respect for our country and a lot of money, billions and billions of dollars is coming into the u.s. and people are very happy with what we've done. not only on the tax bill but also cutting of regulations and i think also being a cheerleader for our country. you know if you're not a cheerleader for your company or country, no matter what happens it's not going to work and that's what i've been and that's what my whole group has been so

perhaps i'll start on my left and you can go around and here is one of the very big powerful business people of the world and just say a few words about your company and whatever you'd like to do. go ahead. >> thank you, mr. president. thank you for inviting me today. president trump: thank you. >> we have people working in the united states, 34 billion in revenue so congratulations on your tax reform and. president trump: we said it. all right? and by the way when he says he works for siemens he's the president of siemens but that's okay. it's a good way of saying it. we work for our country. >> [laughter] president trump: i agree, same thing and siemens is doing good? >> we're doing really well actually matter of fact we're investing quite a lot into the country and since you have been here with the tax reform we decided to develop a connection

for that. president trump: oh, that's a big thing, that's very big. >> it is. president trump: where will that be developed? >> charlotte. president trump: great that's fantastic well thank you on be half of charlotte thank you very much and our country. >> thank you. thank you mr. president. president trump: yes? >> mr. president thank you for having me. i'm fro deloitte on be half of 26 5,000 employees across the globe 70,000 in the u.s. , thank you again for having us. president trump: great company thank you very much. great job. thank you. >> mr. president thank you for the invitation. mark schneider ceo of nestle. nestle was co-founded this is something few people know by american progress who moved to switzerland after the civil war and today we employ 50,000 people in the united states and we operate 77 plants and almost everything we sell is locally made. we operate 10 r & d centers and we're excited about what's going on. president trump: and people think of nestle for candy, but i read the other day that's actually only 3% of your company

, so what is your primary product now? >> coffee, infant nutrition, water, pet food, those are the primary ones. president trump: yes fantastic job you've done thank you very much. >> thank you. president trump: professor? >> yeah, world economic forum engaged also into the united states and what you probably do not no one-third is working but one-third of the staff is working in new york and the center center for the industrial revolution in san francisco. president trump: that's very good. has it been a successful great year, has it all gone very well because it seems to be going smoothly a lot of really good relationships. >> yeah, even what i mentioned before, mr. president, some world economic forum is a very business-driven approach to

global corporations and i think many of the issues can be much faster and much more efficient with businesses involved so that's what we are doing, we are creating coalitions between governments, business and to a certain extent also the young generation to make sure that we really have a pragmatic approach in global governments. president trump: well we're honored to be here and be with you, thank you professor. >> thank you. >> good evening mr. president, i'm from nokia. we are the leading telecom network in the company, we have 15,000 people in the u.s. and it's one of our strongest r & d setups in the world. we're spread throughout the u.s. and we have the acquisition of alcatel lucent with the nokia bell labs which were in new jersey in the west coast and in chicago, throughout the country really so about hall half of our

people do research and development and the rest are doing services and 4g networks so i'm very happy and pleased with your infrastructure focus. president trump: thank you very much appreciate it. >> thank you, mr. president for inviting all of us. i'm the president of the volvo group. and we are the proud owners of m ac trucks. president trump: that's right. that's 100% made in the u.s.. >> absolutely and trucks made in north america are 100% made in the united states as well as well as our production in pennsylvania, matter of fact in allentown and in virginia, so we are primarily focused on the east coast. we are just now rounding the biggest investments in our company's history in the united states for r & d. president trump: how much will you be investing? >> for the time being north of

$2 billion u.s. into the specific program that we have very very good and talented for the infrastructure and transportation. president trump: that's great absolutely. we're doing a lot of that so that's excellent. i asked the question before when i heard volvo, and i know they own mac truck i said what's the difference in price between a ma c and volvox comperable truck and you said? >> i said i was going through that to validate it. president trump: you said they're both great but a mac is about 15% more. >> [laughter] president trump: that was very good thank you very much for that investment in the u.s. $2 billion is great. thank you very much. >> mr. president, thank you for the invitation i represent the a ddidas team. americas our single-based country we are 30% in the u.s. and some of the most famous creators come out of the u.s. and kanye west was one of

the most thought of shoes in the world and just opened an employee automated shoe plant in the state of georgia, atlanta. president trump: great job. >> hello, i'm the ceo of prior, a company that in the future will be known as the company that was formerly the s-print company so we're working heavily on declaring the national icon in the u.s. making good progress and hope to close this transaction in 2018 so should be in it meant. president trump: so what percentage of your company is the aspirin? >> aspirin is a 1.1 billion euro so 1.4 billion -- president trump: a pretty small percentage. >> it's relatively small but one of few brands that has been growing for 120 years, it's very profitable and i think you take it as well. president trump: i do, i take one a day. i generally, i should say i only

bake bayer. one aspirin a day. so far so good. it's working. it's a great company. so are you going to be investing in the u.s.? >> yes, we are. we will actually consolidate most of our activities into headquarters in st. louis. they're going to invest about 16 billion. president trump: 16 billion, wow >> our r & d billion investment and 60% of that is going to be in the u.s.. president trump: thank you very much. that's really great. thank you. >> i'm from hsbc. you know well. president trump: i do. >> our business in the u.s. was began in 1965 and we're the largest foreign bank in the u.s. we have a business balance sheet of $2.6 trillion. we work in 70 countries, we have

a market cap around $250 billion and we have a very strong business here in the u.s. and a business that will continue to grow. president trump: and you founded one of the most successful businesses in china. that is a big statement. you did a great job. so it's a great honor to have you thank you very much. a fantastic job you've done. i know all about you. >> [laughter] president trump: i know everything about you. thank you. >> [laughter] president trump: you people have done what you've done congratulations. >> i'm chairman and ceo of totar , an oil & gas company the fourth largest in the world, in the u.s. we have 7,000 people and we do almost everything in your country, we produce oil, we explore and we're just making a big discovery in the gulf of mexico and produce gas in texas, we are investing in l& g plant to export gas from the u.s.. what with er just deciding to

invest $3 billion in petrochemicals in texas, new bigger plants creating 1500 jobs we have 7,000 people in your country. president trump: so you're fourth in the world? >> fourth largest in the world and third by reserves but we invest around $15 billion each year and at least 1 billion as an average in the u.s. and you in the u.s. we have the land. low cost analogy, no lost feedstock, so we come and even we will do more with your tax reform. president trump: it's a great company. and we are also invested, maybe you disagree, but business in a u.s. company we merged with sun

power california company, a high-tech company and so we are invested more than $2 billion in that company to develop solar in the u.s.. president trump: and we'll rebuild that business. that whole thing is going to get rebuilt now the solar panels that you'll see a big difference , but that's very good so from the u.s. standpoint you're very happy about it? >> yes, there is competition, as you know. president trump: there's competition? >> yeah. >> [laughter] president trump: that's what we wanted. no but you've done a great job. thank you. >> thank you, mr. president. president trump: appreciate it. >> mr. president thank you for the invitation, ceo, we are strongly localized in the u.s. in elevated engineer automotive and 80% is already localized very proud that we have all of the leverages in the freedom which is for our people, our big pride and we have hire people each and every year.

president trump: so otis, compared to what you do? >> it's similar in size, because years ago we had acquired dover, and this made us quite stronger. president trump: great product i've used your product as you know. great product thank you very much. >> thank you. >> thank you, mr. president for the invitation. it's an honor. so i'm the ceo of straddle, it's for oil & gas and coming from norway, the region norway and the president for 30 years now and many investments over the years so engaged in the onshore and offshore trading, extensive trading business and also new ones. offshore wind actually, so quite sizable business, not as big as totale yet but we're working on it so we're growing increasing our production and we have three areas offshore increasing to

eight feels offshore, 300,000 plus a day currently growing to around 400,000 so it's our second biggest location outside of the norwegian. so they are growing in terms of production and in terms of investment, so i would like to congratulate you, like many here on the tax reform. i think that is really good news i guess for all of us here but also for the oil & gas and our industry. we just mentioned oil & gas is also heavily regulated business, so you're thinking and what you're doing on regulations. president trump: you're becoming energy self-sufficient very rapidly. we really just are about hitting that mark and as you know, we're opening up a lot of different places in the u.s. , including the plants that you're building and a lot of places are opening that would never even have, they wouldn't have even conceived of them so a lot of things are

happening. thank you, great job you've done thank you very much. >> mr. president thank you very much for the honor. i'm ceo of novartis we're one of the largest healthcare companies in the world we focus on innovative medicines generics as well as eye care. today we have about 22000 employees in the u.s. across 21 sites. we invest about $14 billion every year into the united states including 3.5 billion in research. it's one of our key markets but also key places where we drive innovation and we're really pleased with the tax reform but also very pleased with the great progress being made at fda. we believe we have a great leadership team there and they're doing the right things to celebrate innovation. president trump: scott a great and alex is great. alex is just starting and he's highly respected so that's fantastic. scott gotley, as you know, is a star. >> he is a star and i think his vision for tobacco and trying to improve and reduce the use of tobacco around the world is very

inspiring. president trump: that's very good thank you very much. >> mr. president thank you very much for having me tonight. i serve the people of abb. we have business in more than a hundred countries of the world but have made the last eight years the u.s. an investment folks and we have deployed 13 billion of capital and bought some iconic brands in the u.s. and motor company and we are just now in the process of closing the transaction toward g ex industrial solutions, a fantastic business in terms of install base and needs a little bit of investment in terms of technology. president trump: did you get a good price? i know you always get a good price. >> [laughter] president trump: i know who ideal with he always gets a good price. that's good. >> altogether so we have today now, including the ge transaction we'll have 26,000 people in the u.s. in more than 50 sites, nicely spread over all of the u.s.. we have the classic activities, the motors and just last week,

the entire executive committee team tying the silicon valley because they have ai and are bat ices center that we firmly intend to grow further and invest suggestly to support the u.s. in next level of industrial activity. president trump: one-year write up. big difference right? that's probably the biggest sleeper in the whole tax bill. thank you, great job good luck with the ge purchase. thank you. president trump: read about it it sounds good. >> we need that. president trump: you'll be just fine. go ahead. >> mr. president, thank you very much for the invitation. i'm the ceo of anheuser-busch in bev. and we have business in more than 50 countries around the world, and number one global beer brand is budweiser out of st. louis. president trump: we know it well >> we started here in 1852 and we've been in the beer business for more than 600 years and it dates back to 1366 and our biggest market is the u.s. where we employ 18,000 people and more

than 50 sites and we just announced last year a program through 2020 to be involved in investment in our facility. president trump: fantastic. thank you very much. >> thank you, sir. >> mr. president, i'd like to thank you first of all for having me but also for spurring on all of this growth because these are all of my customers. president trump: i know. >> and kind of amazing to have all of your customers talking about adding jobs and growing their business and it's just a real tribute to the momentum that you've created in the global economy so i thank you very much. sap is the leading enterprise software company. we have 90,000 people around the world in the united states we're quickly approaching 25,000. it's the fastest growing region of the world especially in jobs. i'm very proud to share with you that when you think about the army and the navy and the missions they run to protect the world, they run on sap. president trump: that's right.

>> and when you think about the vice president and the state of indiana for example, solving infant mortality issues and things like that, we were working hand in glove with him there as well, so it's a real honor and thank you for having me and we look forward to helping in anyway we can. president trump: you have done a really spectacular job. i guess pretty much at this table is your customer. >> exactly. president trump: i want to congratulate you. >> thank you, mr. president. >> [laughter] >> thank you. president trump: so i want to thank everybody, really you have done incredible work, incredible jobs. these are some of the great companies of the world many of the great companies of the world and congratulations and now we'll talk and thank you very much, appreciate it. thank you very much. >> thank you. president trump: thank you all very much. neil: all right we've been watching this is an interesting gathering, for a nerd like me and sort of like my ceo card play deck, i'm estimating here

about $400 billion in combined corporate revenue market wealth as well represented in the names of addidas and siemens and novartis and nestle, hsbc, deloitte, nokia, volvo, bayer, on and on. these are all companies that wanted a moment with the president of the united states and they decided to just make it a dinner and they're all promising expanded investment in the united but, as he also indicated not america alone. now this comes at the same day, davos participants, have been told global gdp could surge more than expected. precisely what is going on in the united states and what these companies are forking over to their workers. the cynic could say, well, these companies have gotten disproportionate amount from the taxman. indeed they have, no matter how

you break it down. they are sharing the loot, the latest to do so northrop grumman. indicating if things stay on pace, workers there will be getting $1000 each. they didn't indicate when. they didn't say specifically whether that was going to be the result of tax cuts but for 67,000 workers there, that doesn't matter. on top of home depot promising bonuses at least that much, potentially more if the growth accelerates. jpmorgan chase, apple, fiat chrysler, talking about 2500-dollar bonuses, now looking increasingly like $5500 bonus. i mention this to say, whatever your view of the president are and tax cuts and if the growth estimates that people like jamie dimon of jpmorgan chase pointed out, could see the economy surge better than 4% this year if that were pays to be continued within a couple of years, these tax cuts would be paid for. the revenue off them would come

in to dwarf whatever the expense was to the treasury. not necessarily to all the other spending. that is a startling development and one very few envisioned when these companies were first getting the goodies, now sharing the goodies. now trish riege -- reagan. hey, trish. trish: i love that, i really do. people were so pessimistic about this. you're right, they could pay for themselves. you're also right on the spending front. neil, thank you. breaking now everyone, cabinet members meeting with business leaders in davos, switzerland. they're discussing america's tax plan and why businesses should be investing in the united states of america. we're seeing record day on wall street, up 169 on the dow. i'm trish regan, welcome to "the intelligence report." tomorrow the president will be delivering what many are calling the m