tv After the Bell FOX Business February 13, 2018 4:00pm-5:00pm EST
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because we went 564 days a record since world war ii, without a 5% decline. [closing bell rings] market climbing a wall of worrying. liz: that, ari and sam. sinned it over to "after the bell." melissa: holding on to gains in the final moments of trading rebound this afternoon. the dow closing up almost 40 points. the second day without a 500 point swing. the dow and s&p and nasdaq all closing in the green with the dow and s&p ininching closer to positive territory for the year. whoo, i'm melissa francis. david: i'm david asman. this is "after the bell." glad you could join us today. more on the big market movers but here is what else we're covering for you. it is a very busy tuesday. a jam-packed day in d.c. budget director mick mulvaney on the hot seat, selling the
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president's $4.4 trillion budget plan at at senate committee hearing. wheel top intel officials including fbi director chrisway were talking tough over a hearing over alleged agency bias. and background check of rob porter. this as the senate immigration debate is struggling to get off the ground with only eight business days left to find a solution for daca. president trump warning there won't be another opportunity like this. but the president managing to bring both sides of the aisle together around the table for an open discussion on trade which we're all able to see. we're covering it all for you, with an all-star panel. guests this hour include alabama congressman mo brooks, louie gohmert of texas, "the hill"'s editor-in-chief, bob cusack and lieutenant colonel oliver north. he will talk about north korea's olympic charade. melissa: back to the markets. the dow closing higher for the third day in a row but it didn't start off that day this morning.
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go straight to nicole petallides on the floor of the new york stock exchange. nicole, a lot of movement today. we saw a spike this afternoon. what caused the rebound? >> walmart, caterpillar, these are some of the dow leaders. we started off in the red. we were down about 180 points but the volatility is becoming more narrow. we're not seeing the 500 point swings or 1000 point swings. traders telling me they were bouncing off the lows. we started seeing higher lows. they couldn't break them down. the sellers weren't there. they turned around during president trump's meeting that was televised today. the markets completely turned around led by financials. that was one group particularly good news. three days in a row for the dow jones industrial average, to about 780 points in those three days. taking a look at 10-year bond. came off the 2.9% level, but we'll be watching for cpi tomorrow. retail sales and seems investors are bracing inflationary environment with higher rates.
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we'll watch for that. 2.83%. i mentioned financials. let's take a look. traders looking at moving averages to make sure financials were holding on. that helps things along. wells fargo, goldman sachs, citigroup, with all up arrows. take a peek at the dow winners with three days in a row of up arrows. the truth is, sam stovall on the prior show, closing bell, echoing what a lot of folks are saying, we might have to move higher, break out a little bit, retest those lows. people are feeling pretty optimistic. back to you. melissa: economy is expanding. what do people want? there you to. nicole, thank you. david: let's bring in today's market panel. gary kaltbaum, kaltbaum capital management. both fox news contributors. we are very glad to have them. gary, it does seem to melissa's point, there are not economic downwind would justify a 10%
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correction at this point or am i wrong? >> i think the correction has been justified and it's simple. we were up 8400 dow points in 15 months, which is almost seven years of returns. i just think it was too far, too fast. david: do you think it turned around? do you think we have found the bottom, gary? >> i think we found a low on friday. big reversal on heavy volume with a massive amount of bearishness. i'm not sure the low. i think you get a little maybe retesting here but i think there is a chance it will be the low because, as you said, the economy is pretty darn strong and more importantly, earnings, earnings are really, really, really good and some earnings are accelerating in good fashion. so that is good for going forward. but time will tell. david: james, the market has performed tremendously on the basis of deregulation which has been extraordinary. the country has a lot of business, not only a business leader at the top as president but he hired a whole cabinet full of business leaders who
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know what they're doing but we only had the first phase of tax cut growth so far. we're waiting -- it is great to see the bonuses and increases in wages but the real investment, the kind of investment that would lead to a 3% or 4% gdp growth we haven't seen yet. how soon before we start seeing that? >> yeah. i mean i think you're seeing this in terms of business business intentions and in terms of the nfib small business index. i don't know if small business owners have been more eager to expand. that is what you expect with a big tax reform but in terms of the benefits, yeah, i think the best is still to come. a lot of investment. more equipment, that makes people more productive. so higher wages long term, much beyond these bonuses i would guess. david: gary, that is why i think the market is ready for another gasp at the growth because of the fact that we have only seen the first phase of these tax cut progress.
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if we get the second phase, real investment, and 3 to 4% gdp growth, this market can go a lot higher, no? >> let's hope. i will say this. optimism is running amok. i speak to small business owners all the time and big business owners. they are very happy what they're seeing. we don't hear about regulations going by the wayside that enables them to grow faster. so there are a lot of good things. but as far as the market, again we've had a big, big run. i think that is the big issue. may take a little bit of time. melissa: budget director mick mulvaney defending president trump's proposed budget in front of democratic and republican senators today. let's go to connell mcshane with highlights from the hearing. connell. reporter: interesting to ear them talk about this as we know the last couple of days, the president's budget proposed boost in spending in certain areas, military, border security, but it has an plans to cut back in other areas, domestic programs. mulvaney heard it from all sides today, the omb director.
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did hear from some in his own party for example, on fiscal discipline. listen. >> doesn't feel that way to me we're heading in hopeful direction solving our nation's deficits. >> it's a lot more fun to spend money than it is to reduce. it is a lot harder to reduce money in the long term than it is to spend. it is incumbent upon all of us to make difficult decisions, decide together as legislature, as an administration are these deficits we're willing to tolerate. we aren't as an administration. reporter: mulvaney referring to cuts in domestic programs that would reduce the deficit overtime, but not as we point out, balance the budget. it is those cuts or proposed cuts got under the skin at democrats at the hearing. listen. >> you want to do $4.3 billion cut in rental assistance giving $6 billion to exxonmobil. which is more important to you,
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housing or exxonmobil. >> one of the i mentioned -- >> choice of two. answer one way or the other. public would like to snow. >> it is i don't like to answer loaded questions. reporter: doesn't like loaded questions. i do clear up one other item came up to receive a fair amount of attention when democratic senator patty murray asked the director whether he would vote for the budget if he was still a member of congress, he said he is not. his office clarified to say he essentially misspoke. what he meant to say they are now saying, what he said this weekend if he were a member of congress would not have voted for last week's budget deal, which as you know never gets voted on anyway. back to you. melissa: totally straightened it out, connell. thanks. congressman mo brooks said this is the worst piece of legislation he voted on. speaker ryan is responding. >> discretionary budget,
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military has been deteriorating hollowed out. we are focused on military with a budget they can plan more. melissa: congressman mo brooks, alabama, member of the house freedom caucus. did that clear it up for you? you feel all better or not so much? >> it is always fun to spend money. much more difficult to the pay the bills and this budget bill that we passed last week quite frankly is smoke and mirrors. it is borrowing money we don't have. can't afford to pay back. that is not the way to operate a household. it is not the way to operate a business. not the way to operate a country. america will pay a very steep, very heavy price if we continue financially irresponsible way of spending money. melissa: no doubt, you're preaching to the choir here because we can actually do math. it is spiraling out of control. the problem is, you know, a lot of congress people talk a good game, but in terms of really tackling the problem, that
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entitlements, how do you do that? i mean how do you -- we had glenn hubbard on, first step make a rule you will only expand spending by inflations something like that. you have to start down the road of adhering to the rule. what is a way of actually getting us rolling in the right direction? >> only two-ways to address the entitlements programs. costs, one way for mitch mcconnell and republican senators to get rid of this 60-vote rule that is not required in the constitution. may not even be permitted by the constitution. i think in a republic in a democracy, majority rules and wins but that is not in the case in the united states senate. you will not get any entitlement reform in the united states senate until you get to majority rule. no democrat can vote for cutting entitlement programs and expect to win their democrat primaries. they can win a general election but not their primaries. we're in a very, very difficult position when you talk about these entitlement programs long term. the other option for the
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american people to start sending a better batch of congressman and senators and presidents looking back over the last 20 or 30 years who will address entitlement reform but unfortunately the american people have not seen fit to send to washington, d.c., people who are financially responsible. melissa: let me pick that apart a little bit. if you blow away the 60-vote rule. next time spenders are back in power, they will just wipe out any savings you made, send you in the opposite direction? >> well there is some truth to that. if you look at this situation, short term, there is a lot of truth to that. but if you look at it long term, over the last 90 years the republicans have never had 60 votes in the united states senate to reverse damage done when the democrats over 20 different years of time, have had 60 votes. you look at the, franklin delano roosevelt programs of the 1930s. look at great society programs of the 1960s. look at obamacare in 2009 and
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2010. democrats had 60 votes. we can never reverse any of those big spending programs because we're never in position to have the 60 votes. long-term it's a failure. melissa: forgive me if i don't trust republicans to turn back the time on spending. >> i understand that mistrust. melissa: you want to get reelected as well. anytime you take away something from people they already had they tend to hate you for it, no matter what political party they belong to. who really has the steel in their stomach to be unpopular to take stuff away? >> you have to be eloquent enough and understand economics enough to be able to explain to the people that you represent that this is in their best interests to be financially responsible because long term, there is only one endgame and that endgame insolvency and bankruptcy of the united states of america. if that happens, there may be no money for entitlement programs, no money for national defense. pick your poison. melissa: yeah. >> so what you have to do is help people understand that you can not continue to live off
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borrowed money. analgize it to their households. if they spent 25% of operational costs is borrowed money, they would go bankrupt. same thing at fox business news, if you operate that way you go bankrupt, you lose your job. melissa: your house and everything else. we know that i think that everybody explains that a bunch of times. americans are so worried about running out of money at home they hate to manage you guys. congressman brooks, thanks for coming on. >> thank you. david: i don't think he is inside the beltway. kind of thinks outside the beltway. president trump focusing on trade, welcoming a decision with both republicans and democrats. here is what he had to say at this bipartisan meeting. >> i want to hear from both sides. we have a lot of great representatives, both democrats and republicans. i want to hear from both sides before we make the decision. david: and gary and james are back with us to react. james, first to you. this was another one of those open mic negotiation sessions
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between president and democrats and republicans together. it really showed his negotiating skills. i wonder why he doesn't do more of this? >> i think this is a this good r mat for him. this is the not fun part of the agenda taxes on trade. we've seen all wonderful results started to occur from cutting taxes on business. i don't don't know why he would want to raise them on consumers. david: gary the market turn around when he was talking. was that coincidental? >> i don't know if the market is reacting to trade chat. david: all right. >> i love the format. i am not thrilled on reciprocal taxes on this, that the other thing, he is positioning other countries to recognize we will not stand for what you're doing in the past. i have no problem with that let's hope they know what they're doing. we do need to work on trade t has been unfair in the past.
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david: gary, james, freight to see you both. thanks very much for being here. melissa. melissa: there you go. senate democrats and republicans clashing over how to proceed crafting legislation on daca and immigration. the pressure is on. president trump will say there is never an opportunity in the future, never will be an opportunity. david: dozens of russians reportedly among the dead after u.s.-backed attack in syria. lieutenantlieutenant colonel olh whether americans are killing russians on the battlefield in syria. very serious issue. melissa: very serious. tough round of questions for fbi director christopher wray, lawmakers demanding answers whether a anti-trump bias exists in the fbi and timeline into former white house staff secretary rob porter. the latest from the white house. texas congressman louie gohmert he sound off on that next. >> every day, many, many times a
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day i'm confronted with unbelievable examples of integrity and professionalism and grit. but before you decide, you should know that chevy silverado's are the most dependable, longest lasting full-size pickups on the road. which means that ford f-150s are not. (laughs) which truck would you pick? the chevy. the chevy. the chevy. there you go. boom. that was obvious. plus it looks cooler. no doubt about it. now they know what to get me. (laughs)
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melissa: fbi director christopher wray, on the hill testifying contradicting had you the white house said how they handled the investigation into former white house staffer rob porter. what came out of hearing and you no how the white house is responding our own blake burman. this story. reporter: no matter what they talk about the white house, whether it be infrastructure, whether to get a daca deal, budget, all of it, all of it here at the white house is engulfed by this boiling controversy of who knew what and when did they know it about the
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former staff secretary rob porter, who has been abused by both of his ex-wives of abuse. the story here at the white house was six or seven days, was this the investigation of porter was ongoing up until the time he resigned. however the head of the fbi himself, director christopher wray went up to testify on capitol hill to testify on something completely unrelated. he laid out a much different timeline. here is how he described his bureau's involvement. wray said the first report was submitted in march of last year. in july the background investigation was complete. fast forward the fbi followed up follow up information. wray testified in january today, one month ago it closed the file. earlier this month the fbi also responded to additional information. so that seems at odds with what the white house was saying better portion of a week. at the white house press briefing sarah sanders pinned the deputy on the white house
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security personnel office. >> the fbi portion was closed. the white house personnel security office, who is the one that makes a recommendation for adjudication had not finished their process, therefore not made a recommendation to the white house. reporter: want to put all of that to the side a second, this gave wray the opportunity up on cap hole till to defend the men and women, 37,000 plus of the fbi. as you know democrats accusing this president and many republicans trying to discredit the fbi. the white house says not so. that the president has the full faith and confidence of the rank-and-file of the fbi. here was wray earlier today. >> it is the finest group of professionals and public servants i could hope to work for. although you would never know it from watching the news we actually have more than two investigations. and most of them do a lot to keep americans safe. reporter: melissa, it wasn't just wray up on capitol hill today. it was also heads of the
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intelligence community and they had this warning that they believe russia is still trying to continue to meddle in our elections, specifically, the 2018 midterms coming up. melissa: you know with that porter thing, pretty soon, fiona phone operator's fault. she didn't put through the call. reporter: they don't have a story right now that mixes. melissa: no. reporter: they have been giving answers now for a week and then all of sudden get christopher wray, the head of the fbi up there and now they have to the somewhat of a different story to tell. melissa: fiona, didn't deliver the message. we're all done. blake, i'm kidding. got it. david: texas congressman louie gohmert, member of house judiciary committee. what melissa and i would rather talk about confusing issue, porter, how much they all knew about it, whether or not the fbi and justice department were involved spying on a political campaign and trying to interfere
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in the election and individual in the fbi and justice were doing that will they be prosecuted. did we learn anything more about that today? >> well it seems to me, david that this is more like the end of movie "animal house," wray is out there the guy yelling all is well, all is well, as he is trampled by people running crazy and rioting. he has to decide, we know now that the doj, at the top, the fbi here in washington, not out in the field, here in washington was weaponized. he has got to decide is he going to be part of the problem that has got to be cleaned up or is he going to continue to defend the problem as it was the problem? or is he going to actually get in and help us fix things? it doesn't help to continually come out and talk about all the rank-and-file greatness of the
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fbi. we know fbi agents across the country who are terrific. the problem was here in washington. that is where he needs to spend his time. david: republicans who have been defending law enforcement, that is one of the -- republicans cut taxes, they defend law enforcement. that is what they do. the idea of this cabal of republicans attacking the fbi is ridiculous. let me ask you about something in the news which is susan rice's email she wrote to herself on the day donald trump was inaugurated. saying essentially that we do all our investigations by the book. what do you make of that? >> well, it is what somebody who has not been doing things by the book says as they're leaving office to make it sound like, gee, i was doing things by the book. i don't know of anybody that has been fooled by that email. that was desperate attempt to cover their tracks after the
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tracks have already showed up. so, it is really, that is so childish, david, for heaven's sake. i just, it is something a child would do when they're caught red-handed. oh, we did it all by the book. oh, give me a break. david: meantime, besides speculation what she might have meant for that we have the inspector general putting together a lot of evidence whether or not there was politically-oriented spying going on from the part of the department of justice or the fbi or both. rather than having a second counsel which might open up a whole another kettle of worms here, why not just wait for the inspector general to come out with its report after which there may be some indictments? >> well, the problem is there was, the legal process was corrupted at the top of the fbi and at the top of the doj. and so, to have somebody that's
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part of the beltway come in, i mean, mueller, for heaven's sakes, he was last person appointed special counsel. david: what you're saying you are against another special counsel be appointed? >> no, i've been pushing for a special counsel since i suggested it last june. david: with all the problems with mueller's investigative team, wouldn't be it better to rely on the inspector general who is neutral in this process and special investigative committees? >> that would be great if the inspector general could put people in jail. somebody has to go to the grand jury to get to the bottom of these things. we can't have another mueller, somebody part of the system that is close friends with people part of the system, that need to be investigated. this is got to be somebody who is truly independent and, you know, the democrats wouldn't trust jeff sessions.
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i would trust him implicitly but there is too much that is got to be viewed from a position of outside. so, yeah we get inspector general report, but there has got to be a house-cleaning. people that have lied -- see, david, the fisa judge should have already sent people to jail when they misrepresented things, not once, twice, three times, but four times. somebody should have answered for that. we see what happens when you're inside the system like a fisa judge, apparently sees himself. david: congressman louie gohmert. >> we have to clean it out, got to end it at that. thanks very much for being here as always. thank you, congressman. melissa: all eyes on apple, the tech company holding annual shareholder meeting. you want to hear what the ceo had to say. that's next. repairing our crumbling roads and bridges but where is the money coming from? we're studying that and how it could impact your wallet coming
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melissa: it is apple investor day. i bet you knew that. the for the first time investors meet inside apple's new facility. tim cook outlining the company's plans regarding health care and dividend. hillary vaughn with more from cupertino, california, especially on possible or not possible one-time payout. what do you have, hillary? reporter: melissa, tim cook is not a fan of special dividend payout but they're considering annual increases. that is something they're looking at. he did woo investors. a lot of people were dazzled by the new campus but a lot of eyes on cook as apple is phasing scrutiny missing wall street expectations about iphone sales and homepod, skipping out on holiday season. investors we talked say they're not phased. >> not really, because they brought out so many new phones together. the 8, 8 plus, 10 in month 1/2
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period. there is so much market out there. >> i think what it comes down to, if the company is making a lot of money, all the rest doesn't matter. reporter: cook, making major headlines teasing a larger move into the health care industry, telling investors insurance reimbursement encourages innovation in the wrong way. the focus is what can i design that gets reimbursed by medicare or medicaid. that is not in the best interest of the health of the user without worrying about if he convince the federal government to give us reimbursement or not. apple can make serious contributions over time to make the health care industry user focused and all about the and what about tax reform and what they plan to do with $200 billion in repatriated cash. i asked a lot of shareholders if they think it's a good idea for apple to use the money to launch streaming service with its own original content and go head-to-head with amazon but
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shareholders we talked to weren't enthusiastic. >> i'm not comfortable with that at this point because netflix has taken that space and disney is coming into that space probably in a big way. whether there will be room for apple and whether apple can find a place to innovate in that space will be something else. don't forget, also google is in the space with youtube in a big way and facebook, with facebook video. reporter: melissa, cook also doubling down on his decision to support the tax plan saying they wouldn't support anything that they think is bad for the country. melissa. melissa: all the cool kid have a tenement my husband gave up his blackberry, last person on the planet officially who had it. that is the inflection point for apple. i'm marking it here. david: this is my sixth by the way. i have a 6, it does me just. melissa: i'm embarrassed for you. david: i'm not, i'm not. >> better than a blackberry. david: deal with what you can afford. three in a row, the dow staging
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a comeback this afternoon. closed higher for the third straight day, up nearly 40 points. had been down 180 at session lows. we could have a wild ride in the markets tomorrow. when the labor department comes out with the inflation numbers. remember it was inflation and concerns about inflation that started the negative ball rolling. so we'll see what happens. you're shocked i have a 6, right? melissa: you sound like my dad. david: it works! melissa: he was saving up for a new tire for the car. david: like the commercial everybody trying to be their dad. why get rid of something that works. all right. melissa: much more serious here. combating worldwide threats. intelligence officials testifying on top threats to american security as defense secretary james mattis warns the battle against isis is entering a new phase. lieutenant colonel oliver north is coming up. david: plus the clock is ticking on a deal for "dreamers" as the senate struggles to get the debate off the ground. ♪
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it's abor it isn't. ence in 30,000 precision parts. it's inspected by mercedes-benz factory-trained technicians. or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't. the mercedes-benz certified pre-owned sales event. now through february 28th. only at your authorized mercedes-benz dealer. >> i hope we can do daca. that is currently up. everybody is in there working hard on it right now. i think we have a chance to do daca, very bipartisan. i think that can happen. melissa: calling for compromise, president trump urging a bipartisan group of lawmakers to focus on daca as the clock ticks on the a deal for "dreamers." we have bob cusack, "the hill"
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editor-in-chief. the president is not given to high per -- hyperbole so i knowt is true when it comes to daca. it is like the batch lower ceremony. >> trump is also ask for the end of so-called chain ply graduation and lottery -- migration and lottery visa. do you think there will be a deal? possibly in the senate. honestly they're only spending a week on this debate. mitch mcconnell said, we have to move on to other things. and a week in the senate is really half a week because they only working tuesday through thursday. melissa: they don't like to work a lot. >> it will be tough. melissa: the debate has started that feels like a little bit of a joke because we've been debating about this forever. everybody knows where they stand. they all had a chance to talk to each other. this is just time for people to have their opportunity to stand up to make speeches but as far as clarifying their position,
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hasn't everybody already done that? >> yes, i think you're right, melissa. that is why it is so difficult. they staked out their positions. only a few days of debate. this could devolve by end. week into fingerpointing, democrats saying you should give us longer term in washington. do you believe that? >> right. >> you're right. we have been debating this since the george w. bush administration and they haven't been able to get anything done. why is it going to change this week? melissa: well, because there is something that everyone, everybody has something they want and everybody has something they hate, that they're going to have to accept in order for this to be enough votes. everybody would be sort of the same amount of winner and loser. i don't understand, why don't democrats take a daca deal, go to declare victory, look what we made the republicans do after they said they would never do this? only three of us here in congress and we were able to force someone over a barrel to do what we waned. why don't they go and declare victory? >> they're being pushed very hard by their base, liberal base
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to get the protection for "dreamers." melissa: yeah. >> some democrats want to use it as election year issue to win back the house or the senate. melissa: to say they turned down a daca deal? >> yeah, also, remember even if this passes the senate is paul ryan going to vote on something that passes the senate? the house can't stand the senate. that is another obstacle, standing in the way. who is the key player here? donald trump will have to back anything because he will have to sign it into law. melissa: i don't know. i'm going to hold out faith that they can, bunch of chuckleheads they can getting something done. i will hold out faith. >> you're an optimist. melissa: that is true. david: you love that phrase, chuckleheads. shares of chipotle surging after hours up 10%. the company announcing a new ceo. guess what? he is coming from taco bell. brian nicole will take over the reins of the struggling mexican restaurant chain according to
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"wall street journal." he will begin his new role. melissa: i don't know how i feel about that i like taco bell better than chipotle. that makes me a bad person. david: they are kind of same basket. >> >> more news out of israel. they are recommending that corruption charges be brought against prime minister benjamin netanyahu. they have evidence that the israeli leader received gifts from businessmen including hollywood billionaire, milcin and james packard. they tried to negotiate favorable coverage in a newspaper in terms for limiting influence of another daily. it is up to the country's attorney general to decide whether to indict mr. netanyahu on formal charges. we'll follow that for you. melissa: we'll look at some ideas being thrown around to pay for the trump administration infrastructure plan but it may not be popular with drivers. uh-oh. we'll tell you why. ♪
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david: president trump outlining an ambitious plan to fix our nation's infrastructure so how do we pay for it all? that's the question. gerri willis is live in the newsroom with details. i guess we can't know all the details because frankly it is impossible, right? >> david, you got that right. the white house as you say proposing to spend $200 billion to fix the nation's ailing highways but so far they don't say how they will pay for it. the u.s. chamber of commerce has an idea, boost the gas tax a nickel gallon a year for the next five years for total increase of a quarter of a gallon. by the chamber's own analysis this would raise $394 billion over the next 10 years. many republicans are on board but is it really that simple? to be sure the highway trust fund needs help according to january 18th report from the congressional research service. 114 billion was transferred to the highway trust fund in fiscal
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years 2013 and 14 to cover spending needs. that gap getting worse. the congressional budget office projects gap between dedicated service transportation revenues and spending will average 20.1 billion am annually between "20/20" one and 2026. the funding pothole is getting bigger. a cornell university professor says the gas tax will be unreliable to pay for fixes. why? first off the gas tax is not indexed to inflation. so real collections dwindle over time. the purchasing power of the 18.3 cents a gallon tax eroded by a third since it was implemented under the clinton administration way back in 93. people are driving less. miles traveled peaked in 2006 and declining ever since. finally lots of cars don't even burn gas. those that do they are more efficient burning less and less gas all the time. he puts it this way, like trying to fund your health care with a tax on cigarettes. david? david: it is also regressive.
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it hits the poorest the hard etf. that is very unfair. gerri, thank you very much. >> you're welcome. melissa: what have they been doing with all the money we've been paying? david: what happened to the 4.3 cents. what last time you had .3 cents in your pocket? melissa: chuckle heads. intelligence chiefs on capitol hill sounding an alarm. biggest threats around the world. lieutenant colonel oliver north, our military analyst, responds.
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70% is south of pongyang. they train in very deliberate fashion. the calculus is not changing. we should not be misled taking place around the olympics. david: here is lieutenant colonel oliver north, host of "war stories" on fox news. colonel, frankly as low in esteem i put the mainstream media anyway, i was amazed at their buying in to this propaganda effort. it is, it is like, in fact it is exactly the same as when some media outlets in the '30s bought into hit -- hitler's show at the olympics back then. i'm glad the military chiefs, none of them fell for it. >> of course the intelligence chiefs were testifying today, this is an annual affair, to have the intelligence people describe for the congress what they perceive to be the global threats to the united states. and there is absolutely no doubt that our media on the issue of what is going on at the olympics, got to say it, vladmir
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putin is nothing more than lenin who described america's media and western media at the time back in 1920s as quote useful idiots. look, this whole thing is going on ever since this olympic talk began is playing directly into the hand of pongyang. of course he has his little sister who is the head of the propaganda ministry up there. she is the one carrying the candle for this thing. you know what? it happened before. david: i have to argue with you on one point. i wouldn't say there is any similarity between the north koreans and putin. north koreans make putin look like a humanitarian. they are closer to nazi germany than putin but let me just ask whether, i can sort of understand the media falling for it but, south koreans, how can the south koreans -- i understand, they are so close, they know what the north koreans are up to. there have been enough defectors for them to know how brutal that
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regime is. are they really falling for this? >> look it, the south korean government over the course of many years done everything they can to cause a negotiation of some kind as if the negotiation is the goal. the goal here is to denuclearizing the entire peninsula. that is going to take as many others have pointed out a regime change in pongyang. that is only going to happen if the chinese want it to. the bottom line of it is, south koreans, in many cases, difficult governments, it's a democratic government, will do this kind of thing and ignore the missile launch muchs, they ignore the nuclear tests and get up as the north koreans threaten to do a nuclear test in the atmosphere. david: colonel, we have only 30 seconds. i have to move you to the middle east. there was a battle in syria which there may have been russians killed by an american-organized strike. when you have americans killing russians in a battle in the middle east that is kind of dangerous, no?
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>> well, look it. the russians are lying. they routinely lie. they told defense secretary jim mattis that there were no russians there. there shouldn't have been because the quote agreement was, we're not going to have russians up flying near americans or on the ground near the americans. this was defensive attack, counterattack to prevent an american unit, advising the so-called free syrian army, and they were a threat. and now if there were russians there and russians lied about it, i'm not surprised. david: are they virtually everywhere in syria? appears so? >> they are all the place. spetsnaz units with the revolutionary guard corps in the country backing up assad regime in damascus, have to be all over the place because otherwise they will collapse. david: colonel oliver north. always a pleasure. >> semper fi. david: semper fi. melissa: at it defend releasing this video, have you seen this
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is spot mini, a robodog nimble enough to open a door using a long arm and then grab the handle. you may remember this is the same group that brought us the robot at that does a backflip. we'll show you the video. david: whoa. melissa: the other one is creepier. david: love is in the air. let's take a shift. the las vegas airport is making it one step easier to hop a plane and head straight down the aisle. ♪ hello. - hi.
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going somewhere? whoooo. here's some advice. tripadvisor now searches more... ...than 200 booking sites - to find the hotel you want and save you up to 30%. trust this bird's words. tripadvisor. david: what happens in vegas does not have to stay in vegas. a pop up office is open for one week they can pick up their bags and a marriage license. david: they can be out the door in 5 minutes, as long as they
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filled out the on-line application first, but the kiosk is only open until saturdayism melissa: that is so romantic. melissa: here is risk risk. >> there is act breaking at white house president trump about to speak at the national african-american history month reception. we'll bring that to you when the president comes out. amid reports of chaos in trump administration amid charges of domestic abuse against president trump's aide robert porter. and headlines of north korea's sister at winter olympics, president trump moves ahead in downsizing the federal workforce. negotiation continues over immigration reform, daca, welfare reform, infrastructure and trade heating up, president pushing to make it
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