tv After the Bell FOX Business January 31, 2018 4:00pm-5:01pm EST
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attractive stable returns for investors. liz: your in a great space. [closing bell rings]. foals, as you see, the dow gain of 77 points. if it weren't for boeing which has done very well, dow would be negative. that said, that does it for the claman countdown. melissa: roller coaster ride for stocks in the last hour. look at charts. dow climbing out of negative territory to end up 76 points t was up as much as 261 pois. p and nasdaqighting for gains at the moment. on last day o tding in januy all three major averages are having their best month in years. i'm melissa francis. >> we can blame the fed. it is always easy to blame the fed. in this case i think it works. i'm david asman, glad you join us on "after the bell." first here is what else we're covering for you on a very busy wednesday. tragedy on the tracks.
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one death now confirmed after a train carrying hundreds of house republicans and families to a retreat slammed into a dump truck in a high-speed collision. we have a live update from the crash site. president caught on camera saying he will be releasing fisa memo allegedly detailing improper surveillance of his campaign but the fbi says it has concerns on its accuracy. but can the fbi investigate itself? judge napolitano is here to weigh in. big hour for facebook, microsoft, out with quarterly results any moments. expectations are high. investors are closely watching for clues how the new tax system will affect company's bottom lines. we will bring you headlines as soon as they come out. melissa: dow surging triple digits in just the past hour. let's go to straight to gerri willis in past hour on the
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floor of new york stock exchange. what was the responsible for the last minute recovery? >> 288 point intraday situation in stocks. what caused downdraft in the middle of the afternoon? why the federal reserve saying expecting inflation to go higher. dropping the language that they expect inflation to continue below 2%. we had another turn. markets went higher. people ascribing to last minute portfolio rebalancing. some have to sell, some have to buy. that is what they're telling me. 10-year treasury yield rising to 2.75%. that is important level, pay attention to that. at end of the day, i have to tell you been a great month for the market. dow, and s&p up for 10 months in a row. that is the longest streak since 1959. very good performance, the best month since march 2016. nasdaq up 14 times in the last 15 months. you have got to love these numbers. let's talk about the biggest
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winners. travelers doing very well. they got upgrade for eps, from analysts. boeing as you mentioned before very well indeed, up 90%, up five we're on great earnings, top line and bottom-line growth. nvidia, microsoft has been doing well today. the general good news from the tech sector. we've seen microsoft do well today. bitcoin, bad day. worst month for bitcoin in three years. as you know, facebook is not going to allow, and instagram, no ads from bitcoin on those two. as we look back at this market, if you didn't like what was going on at any one point, you could wait. it would be a different market entirely. big turnarounds, big volatility. see the vix continue to rise. melissa: thank you so much. david: we do have the earnings from microsoft. they are out. i have got 82 cents is the actual on 86 cents estimate, that is earnings per share. the revenue coming in a little
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stronger. expected to come in at 28.39. it apparently came in at 28.9. ashley webster is following numbers. stock is trading a little bit higher although down initially. >> it was almost flat to where it was at close, david. to emphasize what you said on adjusted basis, earnings per share at 96 cents, that is a beat. revenue a beat, marginally so, coming in at 28.9 billion. that is up 12% year over year. cloud computing operating income, $2.8 billion. let's not forget that the cloud is where all the action is going these days. microsoft, by most estimates has 20% of the market share. by 2020, in four years time, or three years time, that market will be worth some 300 billion. so microsoft is really making money in the cloud. these numbers suggest they continue to do that. we'll continue to dig down for a little more info as well, twice.
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david: thank you, ashley. terrific. we have adam lashinsky, fortune executive editor and fox news contributor and david nelson, bellpointe asset management. let's talk about the cloud. ashley talking about significance. amazon has a huge market share but microsoft is encroaching and they got a 12% increase this quarter. how does that look to you? >> it looks very good. they're not encroaching what microsoft has done, very clever, david, they played to the big business customers that they have always been strong with, with all of their traditional offerings over the last 20 years. testify come in as very credible number two to amazon. more importantly, a solid number one in these major accounts. there is more than enough room for two players, maybe more, in this market. this has been the story of microsoft's turn around. >> david, we're all over the tax story. there is new plan to bring all the money abroad back home.
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apple a big winner there. they have $300 billion. microsoft has $113 billion abroad. what happens when they bring that money back, if they bring it back? >> the question what would they do with the capital to use for acquisition. will certainly look good on the balance sheet. that is true for the entire tech sector. i want to look into the release how the are they maintaining double-digit growth and are they continuing that in the coming quarters? seems given market reaction, down slightly in the after-market right now, seems like analysts had it pretty well pegged and this is pretty well-discounted. the stock meteoric rise in last few months. david: adam, a lot of focus on blockchain, the question whether bitcoin will be up or down. it is down recently. blockchain is apparently here to stay. there is place for microsoft, is there not. >> absolutely.
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you framed it absolutley correctly. bitcoin is one of things that work on blockchain technology. every reason to believe microsoft will be a key player because this is core infrastructure. david: food stuff, guys. hang in there, breaking news on facebook. they are reporting fourth quarter results. go back to gerri with the numbers. go ahead, gerri. >> this is interesting, a split decision in terms of earnings, bottom line. a big disappointment. we expected 1.95 a share. got 1.4 had share. certainly good news for the stock which has been not cross-hairs of a lot of investors looking at it, wondering about this company. a lot of pressure on this company because of what we've seen having to do with kind of material they're putting on facebook and trying to keep off. earnings split decision. eps a disappointment. expected nearly $2 a share.
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we bottom $1.44. revenues higher than expected at 12.97 billion. that is good news and bad news. shares are down pretty dramatically here. down 6% i believe. down 3%, pardon me. mobile ad revenue, we're seeing 89% of ad revenue in the fourth quarter, this is adjusted numbers. so big news for facebook tonight as we look at the details coming out for this company. big news certainly on that bottom line we projected something much better than what we're seeing here, the stock showing it down 2.3%. melissa: thanks, gerry. >> big headlines for facebook, melissa. melissa: thanks, gerri. adam and david are back for reaction. adam, what do you think? a big miss on earnings per share. >> i don't know. i haven't had benefit of gerri,
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hasn't looked into the details. we haven't found out what they are spending all the money on. they would take a hit to remediate, fake news problem, seeing things that are not necessarily best thing for them to see. they announced this a few weeks ago. not possible that accounts for a miss of this size. melissa: what do you think, david? they have been lurching from crisis to crisis over at facebook between all of the things that have gotten mixed into the fees and advertisers not being put next to strange things there is so much going on there. what do you make of earnings in light of that all that. >> i will take on what adam said. mark zuckerberg wondered about this back in the third quarter when they reported. they said the expense line was going up dramatically. maybe that is what we're starting to see beginnings of right now. this company seems to want to transform itself and mark isn't happy with some of the rhetoric coming out saying they were responsible for hillary clinton's loss.
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i think that's nonsense but he wants to address that issue. so he will be hiring a lot of people. i saw one headline note from one analyst saying expense ratios could go up 60% as much in next couple years. melissa: wow. >> that is a dramatic move for a company. that could pull back investors from the stock. certainly doing that tonight. melissa: adam, that is huge number in earls it of expenses. there is so much concern about what was russia's infiltration on the platform. seems like russians everywhere we look these days, including facebook. >> keep in mind. they didn't miss on the revenue. the business is clearly soaring. so we have to understand what they're spending all this money on. melissa: absolutely. guys, thank you very much. david: markets surging this morning after two days of major losses on the dow seemingly in response to president trump's state of the union speech. take a listen. >> the great news for americans, 401(k), retirement pension and college savings accounts have gone through the roof.
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and just as i promised, the american people, from this podium, 11 months ago, we enacted the biggest tax cuts and reforms in american history. >> did the president's words calm the markets after two days of losses? >> i think so. it was a great speech. it was very inspirational. the president highlighted the economic success of his programs over the last year and put together a terrific agenda to focus on for this year. david: of course stocks did fall from their session highs after the fed signaled this afternoon that it will probably raise interest rates in march. bring in david stockman, former budge get director for reagan and author of, trumped. you think treasury will fall $1.2 trillion short? >> the tax cut will cost the first year, 280 billion. we already had a 700 billion
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deficit built in. they're adding 100 billion to appropriations. they have 100 billion for disaster relief. that is 1.2 trillion in the 10th year of a recovery. it is unheard of. david: certainly, it is absolutely true they're not cutting back on spending. that is a disgrace. washington is always spending too much money. don't you believe tax cuts generate more income, more revenue? >> not, not this one. even if it generates 1% more growth next year, that would be 200 billion of gd 40000000000 of revenue, but you're giving -- 4 trillion of revenue. fed clearly signaling first time in three years they're not monetizing debt. they're shrinking balance sheet. david: they have to sell $600 billion worth of bonds. >> the point is there is no free lunch. david: i understand. that is only way you can sell bond when you have that much coming into the market.
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getting back to the revenue from the tax cuts, back during your era in the reagan administration, after the tax cuts kicked in in 1983, there was increase for the reagan era of 51.4% of revenue. if there is that kind of increase in revenue because of this tax cut it ain't going to be so bad? >> no, that is mythology about the reagan era. david: wait a minute. you're dumping on your own era? >> yes, i am, because i want the truth to be known, that is there was huge recession. there was six quarters of bounceback. david: david, david, please. >> david i have to get the facts out david. >> the fact is that the tax cuts did not kick in until after the recession. once the tax cuts kicked in in 1983, the recession was pretty much over. in 1983 we grew by 4%. that was a hell of a juxtaposition from a recession. >> well i was there, i think i know more about it than you do. david: just quoting the facts from the treasury department, david.
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you know that. >> the facts during eight years of the reagan administration, real gdp grew at 3 1/2%. david: but the tax cuts did not cut in until 1983. >> it doesn't matter. david: of course it does. look look at growth stats. four peers in 1983. 7% in 1984. don't you think you have part of that bump. >> no. that was after deep recession. we're 10 years after the last recession. that is apples and oranges. the numbers you're using don't make any sense. >> the numbers you see on left-hand side of the screen are from the treasury department. >> the treasury department is run by people who don't have, don't have a clue about real economics. okay. i'm sorry. david: all right. we got to run but i have to ask, when do you think, one thing i have to agree with you on, david, they will be selling a lot of bonds in the market, both treasury and fed. the only way you can sell that
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many bonds in that amount is by raising interest rates. so i agree with you there. i do believe interest rates are going higher. how much higher and how is that going to affect inflation. >> there is 2 or 300 basis points higher interest rates. that means bondholder, will take, 20, 30, 40% losses. there is going to be carnage in the bond market which will stop this economy short, after a 10-year recovery so-called, that has been webbest in history. the idea that this massive deficit and this tax are or this deficit financed tax cuts are going to rescue the economy is so wrong. it is so wrong. david: david, i love you to death, if ronald reagan is alive he would take you to the woodshed again. again he would take you to the woodshed. >> we'll see. we'll see. david: david stockman, great to see you as always, david. i appreciate it. melissa: breaking news, vice president mike pence is visiting a local business in white silver springs, west virginia.
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the vice president is touring worldwide equipment touting economic progress and tax reform the vice president still made the trip following a deadly train crash carrying republican congressman to the same area of west virginia later today. david: the president said he will be releasing fisa memo allegedly detailing improper surveilance of his campaign. the fbi has great concerns about its accuracy. judge andrew napolitano is here to join us. melissa: socking news from capitol hill, a key congressional republican leader announcing he will not seek reeke hundred v latest in a series of high-profile committee chairman to leave office. more coming up. david: republican lawmakers and families on buses heading to a retreat in west virginia, after a train rammed into a dump truck in a high speed collision. some members have been taken to the hospital. a live update from the deadly crash scene next. >> obviously we closed in place. nobody knew whether this was
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melissa: an investigation is now underway after a deadly crash in virginia. an amtrak train charted by republican lawmakers making their way to a retreat collided with a truck on the tracks. griff jenkins is there with the latest. reporter: melissa, we're in crozet. i will get out of the way to let you look for the first time. this is the crash here, you can see behind me, that white crumpled truck is the trash truck carrying three individuals. one fatality, one serious injured and one miraculously
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with minor injuries. the train was moving west, direction, orient you a little bit, melissa. the train is coming this way. where the truck was coming up, there are officers walking up. this is blind spot, steep hill. it is in their investigation, they believe the initially the truck encountered a blind spot some coming up, you can see the front of the train came to a rest quarter of a mile up there. of course minor injuries thankfully on that train. the president spoke about this incident a little earlier today. here is what he had to say. >> just want to start by saying i spoke with speaker ryan just a few moments ago, and, they're doing pretty good. the train accident was a tough one tremendous jolt. looks like driver of the truck was killed. and very sad to see that.
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but they're going on to the conference. reporter: members continuing on the conference. work will go into the night. all law enforcement here. we have seen investigators from ntsb. quickly give you a shot here. these are csx train workers, track workers. they get reading on what the damage has done to the train. they have to get it in order. this is very important thorough fare for trade. they have to bet back to business. this incident shutting that down. this is the live look that you get here at the scene. the train incident happening at 11:17 a.m. this morning. melissa. melissa: give, thank you for that. david: back to the president's agenda, president trump meeting with american workers to discuss the benefits of tax reform at the white house. take a listen. >> we don't know this was going to happen so much. nobody thought in terms of the corporations doing what they have done by the hundreds and
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millions and millions of people are covered. frankly we thought february 1st would be a big date when you would have more money in your paycheck. so that will be something special. that is coming up very soon. >> this new tax law is really helping everyone out. >> everyone of course has their own story how it benefits them. we have some have very special christmas. others had medical family expenses. david: nearly 300 companies announced benefits for workers following the tax reform bill. melissa: outrage on the left. despite a partisan and bipartisan and unnying tone, the mainstream media is blasting president trump's address. coming up joe concha respond. david: also president trump is offering out his hand to democrats in order to deliver for the american people but are democrats not looking for any kind of compromise? kelly mcenany and capri cafaro
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will debate that next. >> the president really offered a unifying address last night. there was something for everyone to embrace. there was so much that democrats could get behind but they refused to do it. oks like a monster coming to eat ya. holy smokes. 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. find new roads at your local chevy dealer.
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this is a free service. call today. a place for mom. you know your family. we know senior living. together we'll make the right choice. >> expectations for greatness for the president are not high. he stooped to a new low. we heard more insulting words of ignorance and prejudice towards pa patriotic immigrant families last night. president trump is first year in office is wasted opportunity meeting the needs of american people, devoid of vision. so sad. melissa: i don't know what she was watching last night. house minority leader nancy pelosi today, absolutely ripping into president trump state of the union speech despite major victories under his administration. here to react, caylee --
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kayleigh mcenmain any. and capri cafaro. did you watch the speech? was that your takeaway? >> i did watch the speech. i think leader pelosi's remarks are over the top. i saw it coming when president trump mentioned that americans are "dreamers" too. i knew extremes would pounce on that. i said this a number of times, if democrats want to succeed, this is an election year, the best way we can do it, present a vision, rather than say we don't like trump's vision, he doesn't have a vision. last night i was at the bipartisan policy center. they did a focus group. one of the things that tested highest for example, paid family leave. that is something democrats support. tell the american people how you do it better than president trump. that is something to focus on, not negative rhetoric. melissa: kayleigh, you see what he said last night, he used we
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and our, far more than he used i. he went out of his way to stick to the prompter. not saying things that would agitate the other side. that note about we're dreamers, that is true, we all have dreams, that would obviously antagonize the other side. should he have left that out. >> no. americans are "dreamers" advocating for americans first. the u.s. citizens must be prioritized, unlike the government shutdown when 700,000 daca individuals were prioritized over individuals in this country. capri's vision for the party spot on, saying things she said about needing to come up with a plan but unfortunately mainstream democrats like capri have been supplanted by farrest its in the mold of democratic senator senator bernie sanders, democratic socialist, bernie sanders. melissa: capri, do you sense the
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visual, sitting there, it was, talk about african-american lowest unemployment rate in history. and you show the congressional black caucus sitting there and they won't clap? nancy pelosi looking at it right here, looked like she had something stuck in her teeth the whole night. she is talking, talking through the whole thing. >> so much theatrics. melissa: i don't know, is it, do people hate the president love what they're seeing on the screen, then support those democrats, or do they look like bad sports or does it not matter. >> ultimately it does not matter. i think we all get obsessed and get excited about the state of the union and all intrigue goes along into it. i think ultimately the american public has better things to worry about, the state of the union is there to set a tone and utilized as theatrics by both sides to present a narrative. i don't think it is good taste to look disgusted whether you're
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democrat or republican. some republicans were similarly dejected during president obama's time. melissa: sure. >> neither is correct. he is the president of the united states whether it is obama, trump or anybody else. you know, and people need, if you decided to come in there, and participate in the state of the union you should be respectful. you don't necessarily have to cheer but you at least need to be at least respectful of the institution. melissa: kayleigh, i spoke to white house spokesperson, i won't play the sound because it is too long, they're really putting a olive branch to the other side. is that real or is that politics? do you buy that? >> absolutely i buy it. look at facts and immigration plan where president trump said i will not just give legalization to daca individuals, i will give a path to citizenship, not only daca individuals, but expanding program to include 1.8 million illegal immigrants. melissa: because it is going to infour rate the right --
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infuriate the right. >> everybody wants something perfect. everybody will get aggravated, exactly. melissa: ladies appreciate it. that was civil. i like it. david: can you imagine if capri was head of the dnc how things would be different? update from facebook fourth quarter earnings after the 77 cents charge, the adjusted eps 2.21 cents. that is beat on estimates, changing the way it is reported. facebook revenue jumping 47%, citing mobile ad sales. shares are down 5% after-hours. here is look with microsoft trading slightly lower, reported quarterly loss on adjusted basis, the company would have beat on earnings per share. melissa: an empty seat turned into a golden ticket. one of our nation's heroes in the crowd during the president's state of the union address. army veteran ricky taylor who
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volunteered to fill the empty seat of maxine waters joins us next. david: i'm sure he had a great time. melissa: yeah. david: plus releasing the memo. of the why the fbi is voicing concern after the president says the memo alleging abuse against the trump campaign will be released. judge andrew napolitano, fox news senior judicial analyst joins us next. ♪
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david: just a matter of when. both president trump and white house chief of staff john kelly saying the gop house intel memo alleging surveillance abuse against the trump campaign will be released. take a listen. >> [inaudible]. >> don't worry. 100%. >> national security lawyers in the white house that work for me, work for the president, they are slicing and dicing it, looking at it. it will be released here pretty quick and the whole world can see it. david: those statements coming as fbi issues a statement of its own concern, as expressed during our initial review, we have grave concerns about material omissions of fact that fundamentally impact the memo's accuracy. here now is judge andrew napolitano, a fox news senior judicial analyst. so, judge, first of all, was it okay for the president to kind of tip his hand about his releasing the memo? >> according to "the washington post," i underscore that, according to "the washington post" he had not seen the memo at time he said that. he probably shouldn't have said yes. he should have said it is under
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review. but this president has a different style. he wanted to rye enforce a person knew he wanted -- david: now we have the fight between the fbi and the house intel committee headed by congressman nunez. we saw the fbi's memo saying that there were things left out. it was the truth, not the whole truth. that is the problem with the memo. here is what congressman nunez says. after having stonewalled congress's demand for information for nearly a year, it is no surprise that the fbi and doj issue spurious objections to allowing the american people see information related to surveillance abuses at these agencies. the fbi is intimately familiar with material omissions with respect to presentations with congress and court. ouch. >> i'm very critical of congressman nunez, he sat on information about abuses on the nsa and fbi, while congress was be deliberating and voting to expand fisa.
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he should have said that. david: after having said that -- >> the fbi wants to cover for itself since the nsa, the national security administration is, doesn't look good in this memo. the fbi really doesn't look good in this memo. david: let's just go through the particulars. the fbi, they dropped the ball on hillary investigation in several ways. they were certainly conflicts of interest. >> i don't think they dropped the ball on hillary. david: investigating the hillary thing. they couldn't find the text, inspector general, so they have a lot of stuff to cover. >> i don't think they have a dropped the ball on hillary. you know what you do get order like that? resign. go public with it. that remains to be seen. but you have three donald trump appointees, the head of the fbi, the number two person in the justice department, rod rosenstein, and stephen boyd, probably not a name known to the public but in charge of national security in the department of justice, all saying, don't
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release this. it is misleading. so my argument has been, it should be released. the democratic version of it should be released. and the data on which both versions are based should also be released. david: and inspector general's report should be released. >> of course because the american public has the right to know. let me finish this. who knew this? who dropped the ball? who abused power? who looked the other way. david: they're giving me a wrap. one final point which is that the director of the fbi, mr. wray, said in mccabe goes i go. then he read the memo on sunday -- >> 12 hours later mccabe is gone. david: wray is still there, what does that tell you about the memo? >> we won't know until the memo. we can certainly conclude that mccabe's name was all over it. david: judge napolitano, god, there is a lot to talk about here but we can't. melissa: republican congressman trey gowdy making stunning announcement he will be retiring from congress at the end of his term. gowdy serves as the chairman of
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the house oversight committee. he is now the second committee chair announcing retirement this week. and the 8th for the house overall. he plans to return to the justice system. david: hmmm. probably going to make some money too. president trump not getting a lot of love from the left for his speech at the state of the union. joe concha breaking down exactly what democrats are complaining about. it's a lot. ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well. it can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz xr if you have an infection.
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>> this is a speech that will not be long-remembered. his words will float up like smoke from a fire and dissipate. >> if that was attempt at unity, he has a lot of work to do. >> i go through these things, teleprompter speeches he gives, it is not him. it is hard to judge these speeches because we know it is not him. >> master salesperson, used all of those stories really well. he was selling sweet-tasting
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candy with poison in it. melissa: poison. there was poison in it. did you hear that? the mainstream media not too happy with president trump's first state of the union commentaries, contrasting trump's conciliatory tone with past aggressiveness, suggesting that he offered little in the way of policy proposals which just factually is incorrect. joining me now is joe concha. media reporter for "the hill." and i'm looking at, because right now, there is a lot of polls being tweeted out in responses and stuff. cbs news, eight in men americans who watched felt that he was trying to unite the country rather than divide it. so they're doing this analysis at the moment. and their own viewers, then later when they're polled, if you believe the polls of course, their own viewers telling them no, that is not actually how we saw it on the screen. what do you think of that, joe? >> i think a lot of these pundits are telling their audiences exactly what they want to hear, like comfort food.
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that is mint chocolate chip, i could eat it all night and they're feeding mint chocolate chip over and over because they're afraid of alien eating their audiencing. they're afraid of getting on twitter to get yelled at. play ad clip of van jones, former obama administration green czar, was with the administration five minutes. he praised the president during his joint address, address to the joint congress last year session of congress. that is what he said. and he got killed for it. to the point where he had to go back on the air a day later, i said that, i really meant this. that is what i'm trying to say here. when you look at polls, cbs, 97% of republicans liked the speech. 72% of independents liked the speech of the those are people don't live, not all anyway in new york, washington and los angeles, where these opinions are coming from. that is where you see the difference and just like the 2016 election all over again. what do you mean trump won wisconsin, pennsylvania and michigan? you don't know because you
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didn't get the pulse of the people there and never left the ivory towers in media capitals of the world. melissa: what you're saying is, appealing to his audience, if you want to know everything, you have to look around, make sure you have your ears open, not living in an echo chamber. if you're watching cnn, that's what you thought of the speech last night, is there harm though, joe, so cnn's ratings to be fair have gone up versus where they were, versus ms, started leaning more left. like you said, feeding mint chocolate chip ice cream to their audience. if they're a business and they're doing better what do they care if it is an echo chamber. >> i don't want to insult people out there. other call it chocolate chip mints. be clear. two ways to go. in cnn's cases they're down a little bit from last year, which is hard a little bit in trump era, unpredictable chaotic ride. they can't get to 900,000 total
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viewers in prime time. fox easily exceeds 2 million and change, 2.4, msnbc does pretty well in second place. so i don't know if it is business necessarily. i think that they're splitting a pie with msnbc, being lead of the resistance. it is not working out when you're splitting up half the pie between people hate trump. instead of being in the middle like they used to be, present the news. respect it. people come there like they did 15, 20 years ago. in end battle of on mix. one side of the chamber was optimism, touting accomplishments and telling people how their lives are better, will be better. on other side resistance sitting on their hands, you know what? this guy is bad. vote for us. didn't work for hillary clinton. won't work now. melissa: exhausting to be negative all the time. >> i wouldn't know the feeling. thank you, melissa. melissa: thank you, for your time. david: feels good to be happy. breaking news on at&t, shares are rising after hours following
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a beat on quarterly profits. the company attributing beat to impact from tax cuts and wireless subscriber additions. at&t is confident it will complete the merger with time warner. we shall see. melissa: special guest at the state of the union. some democratic lawmakers refusing to show up for president trump but one army veteran was proud to support his commander-in-chief, ricky taylor, he returns to "after the bell." we'll talk about his trip to the state of the union. what he thought about the president's address. was it as fabulous as he thought it was going to be next. ♪ oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long...
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skipping out on the president's state of the union address. he got a special invite from congressman duffy, the u.s. army veteran joins me now. so, ricky, how did it feel? what was the experience like? you were really psyched for it. did it meet your expectations? >> oh, it exceeded it 10 times over. i mean when i, when i got there and got to see the president, i thought the president was powerful, captivating. i thought he had a america first agenda, and you know, i think everybody really loved it except some democrats. david: i was going to say, ricky, not everybody loved it. a lot of democrats sat on their hands. what do you think about that, when you were cheering him on in various aspects of what the economy is doing and his support for the military, you saw the democrats sitting on their hands, what did you think? >> well you know, when he said that americans are dreamers too, i thought i was going to jump out of the building. you know what really, really got
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to me was, when they talked about the unemployment for african-americans being at all-time low. now to me, that is something that should be celebrated by everybody, i would think. and especially for the black caucus who, i mean you seen they just sat there and didn't stand up. i understand -- david: hold on a second they didn't only not stand up. they didn't clap. they all were scowling like there was something wrong with brac unemployment at a historic low. >> yeah. i think it is sad because regardless of your affiliation, it is just facts that you know, unemployment for african-americans and hispanics at all-time low. that should be celebrated. that kind of threw me off. david: there was something else that happened. this hit you as well as a veteran. the president was giving, giving plaudits to the veterans in the audience, particularly some of the heroes up in the rafters, up in the balcony with his wife. then the audience started to chant, usa, usa.
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now at this point, congressman gutierrez, you can see him walking out of the speech itself. why would a congressman walk out on praising us veterans and then chanting usa? >> you know i think it is because the democrats, they don't want to come together. you know, they don't want to work with republicans. they see any sense of unity. you know they try to put it on president trump that he doesn't want unity when he clearly does it seems. it is them not wanting to be a part of this great movement happening in our country. i was one of those people. i was up there chanting usa from the top of my lungs. it was unfortunate to see that though. david: let's bring it back to the positive. just about 15 seconds, what are you going to take away from this? is this something you will tell your grandchildren about? >> oh, absolutely. this is a experience that, you know, when i look back on it, i will never be able to forget this moment. i want to say thank you to you
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know, sean duffy and his wife rachel for giving me this opportunity to go. it was great. david: ricky taylor, couldn't happen to nicer guy. congratulations. so glad you had a good time. please come back. >> thanks for having me, appreciate it. melissa: that's so fun. david: will guy. wonderful guy. melissa: giving them the bird. you can add emotional support peacock to things you can't bring on an airplane now. david: huh? oh, my god, look at that. ♪
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had been explained to the passenger three teams before she arrived at the airport. melissa: the name of the bird is dexter, "risk & reward" starts right now. liz: one important dead, after an amtrak train carrying house and senate republicans to a retreat crashes into a garbage truck in virginia. another individual is in critical condition. we have details. to state of the union, democrats sitting down in opposition to president trump from the get go. even as he entered chamber with first lady, democrats continue to sit through many applause lines even as president's policy ideas, sounded a lot like president obama's. democrat nancy pelosi, chuck schumer looked resentful. and
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