tv After the Bell FOX Business March 9, 2018 4:00pm-5:00pm EST
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we'll put his picks up on liz clamand.o.t. [closing bell rings] stunning 313,000 jobs created last month, pushed the market dramatically higher with the dow closing up session highs, 438 points. that will do it for the "claman countdown." see you on monday. david: what a way to end the week. we're winning on wall street. we had blockbuster jobs report. pullback on tariffs yesterday and a meeting in north korea. the dow now back way above 25,000. closing up a whopping 440 points. melissa: look at that, wow. david: all three major averages ending up one 1/2%. nasdaq a brand new record high. we haven't been able to say that for six weeks. happy friday, i'm david asman. melissa: happy friday is right. i'm melissa francis. this is "after the bell."
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29 of 30 dow stocks closing in the green. verizon the only one that is lower. straight to nicole petallides on floor of new york stock exchange. nicole, nasdaq at a new record high. it has been a long time since we've said that about any major averages. >> that's right. first record close since january 26. look at nasdaq, the s&p, the dow, the russell. you loving it, up arrows? 440 points for the dow jones industrial average. i spoke with treasury secretary steve mnuchin as was here on floor of new york stock exchange. i asked him, great jobs report today, what do you think, we'll see more like that? >> steve mnuchin replied for the long-term i'm bullish. he is optimistic. we're getting that from the administration. not only great numbers for the week and for the day, look, amazon, microsoft, netflix. new highs. microsoft the first dow component has a record for month of march. apple, new record close there. don't forget warren buffett's
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berkshire hathaway upping the stake in apple. here we are for the week. dow and s&p up more than 3%. tech-heavy nasdaq up more than 4%. this is the anniversary of the beginning of the nine-year bull run after the financial crisis. people are feeling pretty great. technology, consumers stocks and also financials doing very well since that time. dow up, you can see 286%. last but not least, down arrows. mattel, hasbro under pressure. they dropped 7% for mattel, there is news that toys "r" us plans to liquidate. that will hurt the recovery effort. highs of the day. back to you. melissa: nicole, thank you. david: stocks surging on a blowout jobs report, the u.s. economy hit 313,000 jobs, smashing expectations of 200,000. we have steve forbes, forbes
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media chairman. carol roth, to former investment banker and file legacy planning system and steve hough. steve, we had jobs report and astonishing news about north korea last night t all started yesterday right as the closing bell was ringing on wall street with the news that president trump was pulling back very strategically, very importantly on certain aspects of tariffs. of those three issues which moved the markets the most? >> david, i think moving back on a global trade war was huge. giving an exemption to mexico and canada. making it clear he will negotiate with others to make sure she is things don't hit. 15-day window where this can be done. world reassured, we'll not have tit-for-tat going into global trade war which would hurt everyone. what looked like disaster a week ago, something we can live with. what the jobs report
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underscores, how strong the economy is and will be if we leave it alone. david: carol, a week ago what we were listening to trump's advisors, peter navarro, wilbur ross talking about no exceptions to the tariff. kept saying no exceptions. yesterday the word was flexibility. that flexibility included quite a number of exceptions, right? >> it did. one of the things president trump is really good at. he wrote "art of the deal." that is one of the things we had been debating and i think the market was debating whether he was going to come down hard or whether he was going to use this as a point of leverage. obviously a great opportunity for mexico and canada to try to renegotiate nafta. now we're hearing maybe south korea might get some flexibility. my guess he is going back to some of our other big trading partners like japan and brazil, perhaps use that as leverage as well. that has been a big boon for the market. david: jack, one of the key elements that the administration used to support the idea of
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tariffs was jobs. it is kind of hard to support the idea of tariffs when the job market is just going through the roof. you can't find enough qualified workers for positions these days. >> yeah. in the primary metals industry we employ hundreds of thousands. in the manufacturing sector uses those metals it's millions. i was concerned about those jobs. so i'm definitely glad to see the flexibility. i would love to believe this was some sort of strategy from the start. i'm thinking trump floated idea out there, saw the backlash was pretty severe and dialing it down. either way further we get from global trade war the better. david: steve, melissa has been saying it from the beginning, from the get go, this is the way he operates. you have to take credit. melissa: this is the way he negotiates. >> maybe melissa, you will replace gary cohn if you have that kind -- david: admit it you were concerned that these trade tariffs were going to interfere with the progress we've had, right? >> absolutely.
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if he left it unchanged, followed through on no exceptions you would see a different close today. the very fact he says he never backs off he finds a way to get around these things, be flexible, make sure the thing is going to work. that is pretty good politically. david: melissa. melissa: nations around the world reacting to president trump's steel and aluminum import tariffs as many in congress remained angered but the trump administration is defending the move. let's go to hillary vaughn at the white house. hillary, what can you tell us? this is the "art of the deal." >> some republicans are plotting against president trump stopping tariffs in the tracks. pet getting pushback from one lawmakers on the hill. jeff flake who is familiar thorn in the president's side, leading protest promising to propose legislation that would make them null and void. he has another senator on his side. >> i think there is a good
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chance we will nullify, at least if we have my way, i don't see it personally. i generally -- reporter: white house legislative affairs director marc short telling fox business this morning there may be a little wiggle room here, that the president is willing to moderate them. >> i think that the president is willing to exclude countries parting with us on national security fronts as well as those that are providing fair and reciprocal trade, opening their markets the same way we open our markets to them. i think the short answer to your question is yes. i don't know that i consider that so much moderating. reporter: the white house using national security as the legal pathway for all of this but there have been a lot of questions about nafta and how this played into their strategy for negotiations with canada and mexico but they're saying nafta plays into the national security umbrella but senator orrin hatch is saying he is not buying, that melissa. melissa: if he is not buying
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that i don't know what movie he is watching here. we all know how it turns out. hillary, thank you very much. the panel is back to all of this. steve forbes, it is so obvious i'm surprised it seen still works. throws out a super outrage just position, throw 25% steel tariffs. of course he threw it out there it was the opening outrage just position and then lo and behold, coincidentally they're negotiating in at that at the same time. he is putting pressure on china. lo and behold north korea comes to the table. i mean, he is telegraphing every move but still people are shocked. are you shocked, steve forbes? >> what we have here, in a normal presidency you have them float trial balloons from others, see how it goes, then you make announcement. this man floats his own trial balloons himself. nobody knew he would make the announcement on 25 and 10% aluminum tariff, 25% steel tariffs. he throughthrew that out there. he modified it. that is what you saw happen
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yesterday. the reaction today. people are going, phew. the big ink thing to watch on nafta as trump would say that is huge, hugely positive. melissa: jack, what would we want in terms of better terms on nafta? >> well, i'm one of these guys who thinks it is working pretty well right now. i look at the automotive sector, we had eight straight years of job growth there. economy is humming along well. i'm a little concerned, melissa, i would love to believe in the world where you say trump is the clever guy around, he doesn't say what he means. if he says something crazy, can't take at first value. call me old-fashioned. i like people say what they mean. david: you're old-fashioned. melissa: when you go bid on a house you go in there with what you're willing to pay, here it is? you don't come in with offer lower than where you're willing to go?
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you pay the price on the sticker? >> when overseas companies are deciding whether to invest in factory, building factories in the u.s., to sell to our customers i think they want a coherent and stable trade policy. melissa: that is true because companies never negotiate on anything. they are one business leader ceo, right, carol? they pay whatever price? vendor comes to them, i want you to pay me $5 million for this input and ceos say, absolutely. that is what i'll pay. exactly what you asked for? >> all day, every day, melissa. this is a very interesting time we're in. we're getting policy by twitter. we're getting real-time feedback and interaction. it is shaping policy as we see it and for, whether you like it or you don't like it like jack, reality is it creates a opportunity for him to try out different things. keep everybody guessing and perhaps extract some benefits in the process and you know, as much as, we want to have that sort of coherent strategy, it
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does in some cases seem to be working. >> also really good for the news. melissa: one case it seems to be working. how about nato? he went out there, we'll leave nato. we don't need it anymore. who needs it, we'll abolish it. oh, my gosh he doesn't understand international policy he is a madman. lo and behold everybody ponied up more money, 5% by their own accounting. now almost 20 nations are up to spending what they're supposed to on their, whatever percentage it is of their defense. and there is one, was he ever leaving nato or just trying to get people to spend more money, what do you think steve forbes? >> i don't think he was ever a fan of nato. but again, he should get credit whether you like the man or not, he learns. in nato he learned it's a critical alliance but that didn't stop him from getting reforms. henry kissinger said nato needed reforms. trump in his most unusual way got the reforms, upping spending, taking russian threat,
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not seriously, always took seriously but actually doing something about it. the key on the whole trade thing not to have long period of uncertainty. if you have a long period of uncertainty that will affect investment decisions. if they get this thing wrapped up next 15 days, nafta the next few weeks, you will see the market really boom. uncertainty will eat away. so far successful. may he continue to be so. we'll. melissa: we'll see. david. david: one of the longest serving bosses on wall streets prepping, preparing to leave his post. "wall street journal" reporting that lloyd blankfein will leave goldman sachs as early as end of this year. steve, a lot of people are talking about him maybe getting a job in the administration, donald trump really want another democrat from goldman sachs? >> no. he is opened the door for gary cohn, maybe to come back some day but i don't think lloyd will to from goldman to the white house. what is surprising about the
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announcement was, a few months ago, he wanted to be like president xi of china for life. he had no intention of leaving except for feet first. who knows. sadly i think gary cohn is wondering should i have taken the job in the administration? david: i know. who knows, maybe he will end up there. >> that's true. david: we should mention lloyd blankfein is tweeting out, "wall street journal's" announcement, not mine. i feel like huck finn listening to his own eulogy. melissa: that is funny. david: he is pulling back from that. but if he does leave, what is the possible that gary cohn could step in and take blankfein's place. >> i don't think it is going to happen. he has two copresidents to choose from. one more exposure to trading. one exposed to lending. blankfein used to run trading division. three divisions are doing well. trading is in a slump. this recent increase in volatility we have will prove very good for goldman's trading
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business. blankfein might drop the mic after that and announce something. david: carol, moving back finally to the market, do you think now that the market has stablized at least today, and you know, who knows what is going to happen next week that they're satisfied what they seem to be satisfied with what the president finally decided on tariffs, do you think this is another leg up for the market? >> i certainly think that it could be. i think the jobs report was sort of the perfect jobs report in terms of strong growth but at the same time not having huge wage inflation as signal of overall inflation, put that together, with tariffs hopefully being settled here, strong global economy. i think it does have all the makings continue to lift the market higher as we continue to see good earnings, overall seems pretty good, david. david: carol, jack, steve, good to see you all. thank you very much. >> the president has accepted that invitation on the basis
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that we have concrete and verifiable steps. nothing is changing from the united states' position. we'll continue maximum pressure campaign. we'll continue working with our allies and partners to do that and we'll continue to ask them to step up and do more. david: concrete and verifiable steps. white house press secretary sarah huckabee sanders saying a landmark meeting between president trump and north korean leader kim jong-un will not happen until the rogue regime's actions match its words. here to comment on this potentially historic meeting is the director of defense studies at the center for national interest. harry, thank you for coming in. what brought north korea to the table? >> two words, maximum pressure. there is a little bit of context i want to throw in we're all missing here. there were reports in south korean media that suggested by october the north koreans would essentially be bankrupt. we think by october they will run out of foreign exchange reserves. we think they will run out of
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dollar reserves. if that is the case, north korea is essentially broke as a nation-state. this maximum pressure campaign is one of the reasons why kim jong-un probably has no choice and has to come to the table. what happens next is really matters. david: focusing on what maximum pressure is, not only strict sanctions, literally boarding boats, making sure knowing goes in or out of north korea that violates sanctions. >> exactly. essentially containment on steroid. what we did to the soviet union, eastern bloc, china a long period of time for decades. those policies worked. david: don't put it in the past tense because they're still working. >> yeah. >> the president said he will not get rid of any of the maximum pressure if and until the north korean regime gets rid of the nukes. >> what every administration has done they got overexcited when the north koreans come to the table. we get drawn into negotiations that go for months or years. that is the difference.
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>> let me ask you a question, harry. if you're right the maximum pressure is causing them to be bankrupt and if the bankruptcy happens and maybe there is enough pressure on kim jong-un from the people around hill, you can't imagine anybody feeling secure around a guy that kills his own brother and members of his own family, do we let up the pressure at all, maybe we keep pressure on no matter what happens at the negotiating table if it leads to get rid of the guy? >> if the north koreans are willing to put out a road map, something concrete, actually within months, maybe a year or two, that leads to absolute denuclearization, or they start getting rid of classes of missiles, and we can send it inspectors, that is the key point, we need people on the ground to verify this. david: didn't we have inspectors before during the time they built up the nuclear arsenal? >> they threw them out at one point. that is one of the big problems here. just like ronald reagan said,
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trust and verify. david: yeah. >> that is the key here. david: well it is not only the nukes. i know that is of greatest concern to us but this is a rogue regime that endangered so many people in some ways. they killed otto warmbier. god knows how many hundreds of thousands of people died in north korea itself. they still have three americans holding hostage, holding hostage three americans, shouldn't we put that as precondition anything being done with north, giving us back the three americans they're now holding? >> you have to put a few preconditions. first and foremost, those three americans need to come home and need to come home safely, not in a body bag or brain damage like poor otto warmbier, that is first. the other thing we have to throw out there, no way this meeting will happen in pongyang. we'll not give kim jong-un any sort of legitimacy whatsoever. has to happen at demilitarized zone. a place that is stark and shows reality of the situation. david: one good thing about the negotiating table, it gives us a
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seat at negotiating table that already has taken place between the south koreans that might be appeasing the north a little too much. they are very concerned about what happens, if push comes to shove and there is another war there, they stand in the firing line. we don't. but if we negotiate directly with the two of them, with north and south korea, will at least know what south korea is up to, right? >> exactly. one thing here we're all missing, south korea has major elections coming up in june. that will be a mandate what the moon administration is doing. one of the things they promised the people was some sort of detente with north korea. they're probably feeling pressure they have to deliver on some of that. i think that is something here that we have to sort of throw in the mix of all this. david: great to see you, harry. thanks for coming in. appreciate it. >> thanks for having me. david: melissa? melissa: breaking news now. there is currently a situation at the california veterans home. police and s.w.a.t. team members are at the scene trying to
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resolve the situation. officials say there are no injuries at this time. the associated press saying the husband of a worker at the home says a gunman slipped into a going away party and let some people leave and then kept others as hostage. officials may be holding a press conference this hour. we'll bring you latest details just as this story develops. david: oh, we wish them the best. we'll be keeping close tabs on that. meanwhile offending christians and the vice president, "the view"'s joy behar apologizing after mocking his faith but is that enough? more coming up. melissa: plus taking off to mars. nasa is hoping to make great stride on the red planet searching deep below the surface, we'll look inside the mission. that is next. >> we're bringing that whole spaceflight back. we'll be sending something very beautiful to mars in the very near future. ♪
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melissa: interstellar initiative. nasa hoping to learn more about life on mars. so they're planning to head to the red planet in a few months and fox correspondent jonathan hunt got an inside look at the process. he joins us now from pasadena, california, the jet propulsion lab where my own dad used to work. jonathan, take it away. reporter: hey, melissa, president trump as you heard calls sitting very beautiful. this is it. the mars insight lander, leading the way as nasa prepares for its next great leap. >> we're going to make a map of the inside of mars and use that map to inform our knowledge of how planets are formed. reporter: but getting to mars first means getting from the insight development site at lockheed martin facility in colorado, to the launch site,
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vandenberg air force base in california, and fox news was the only tv crew invited along for the journey. >> this is the critical move for the build-up and test for the spacecraft. we've taken huge amount of precautions to make sure the spacecraft is safe. reporter: insight made it safely to vandenberg and is now being peopled for the launch window starting may 5th. >> we'll load the fuel and spin it to make sure it is balanced and put it on the rocket when it is ready to go. reporter: sound so easy when you talk like that. if the may launch is successful all eyes will be focused on the mars landing, scheduled for november 26th. you are very responsible, if it goes all wrong it is your fault? >> that is exactly right. seven minutes of terror. everything has to go right over those seven minutes. reporter: obviously we are years away from being able to send humans to mars but the journey
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begins in ernest when insight lifts off in a couple months, melissa. i'm very impressed that your father once worked here at jpl. very beyond my intellectual capability. melissa: very impressive. thank you, jonathan. we'll watch the whole thing. exactly what my son wants to do yep. david: spring breakers, be advised, mexico been slapped with another travel warning. this time for that popular resort town called ply i can't de carman. the state department received credible security threat, barring the government consulate, barring government employees traveling to the area. it was last month a ferry exploded in the popular vacation spot. it is in the middle of where various drug cartels battle each other. melissa: rare applause from the president from the media over president trump's agreement to meet with kim jong-un. how long will the praise last? david: nancy pelosi changing her tune on tax reform, kind of.
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record high. this is the first time we had a high on one of the indices in more than six weeks. everybody is up for the week. the dow and s&p up more than 3%. nasdaq up 4%. >> it is certainly a remarkable evening here at the white house, chris, that's for sure. >> this is actually a moment we, very few of us thought we would ever see. >> wants to do what no other leader has done, right? he wants to meet with kim jong-un, get a commitment from the north korean leader, and good for him for lowering the temperature, this maximum pressure campaign. >> president trump can truly solve this problem, that would be going down as a great precedent. that there is no way around that. that is the reality here. melissa: rare and very reluctant praise there. the media applauding, at least momentarily president trump after the stunning announcement from south korea that their northern neighbors are agreeing to put denuclearization on the table but how soon will the mainstream media flip the
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script? here to discuss is joe concha, "the hill" media reporter. joe, what's your take? >> well, you said we're waiting for him to flip, melissa. melissa: right. >> they flipped. you watched a lost morning shows this morn -- a lot of morning shows on cable news, this narrative was pushed. this i hope you're sitting down. this is a lot to unpack here. a conclusion was made the president is trying to deflect away from personal issues in terms of chaos in the white house or stormy daniels and decided to contact the south koreans, hey look, i know these guys to your north have been your enemies for 70 years, you've been at war with them, but could you call them, particularly kim jong-un, see if he is available to do one-on-one talks with the president who has taunted you openly since he took office? and, they're saying that this all occurred now, that the north koreans agreed to it, that the south koreans decided it to go
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ahead wit, a big conspiracy theory that trump is trying to deflect away from his own controversies. this was pushed on cable news. utterly remarkable that people were agreeing with it. melissa: can you imagine if the right claimed that he could have that much power, could cause this meeting to deflect. they could say, how can you say you would be that powerful? that is how ridiculous this is, if he was powerful enough to do that create the summit, wow, by their own admission then he really is, you know the most amazing deal-maker negotiator of all time. this is something other presidents haven't been able to arrange, right? >> well, we're looking at president clinton, who did actually arrange a peace deal with north korea. all that did was lead to them continuing to pursue their nuclear programs to the point where we see it now. we saw president bush using measured language. we saw the previous president obama do the same thing. then, president trump just last
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summer talks about how north korea will be met with the fire and fury like it has never seen before. that rhetoric was supposed to lead to world war iii. people were saying oh, my goodness, the way he is speaking right now will cause real problems. instead now we're at moment here where you have a u.s. president sitting down with the north korean leader for the first time ever, while in office. this is historic, to paint it any other way to show the media in any situation, not all, some, we played some clips that were showing praise -- melissa: for the moment. >> there is reflex to the negative no matter how positive the story is. melissa: in the moment they were so stunned they had to accurately reflect what was going on. when they had time overnight to sit back, i did miss morning shows on other cable channels, you're right about that. when they had a chance -- >> everybody heard hit, melissa, everybody heard what was said this morning was dumber for having heard it. melissa: there you go. joy behar calling vice president
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pence, i guess, apologizing for the comments that she made that kind of went everywhere, what is your take on that? was she pressured by the network, not because she insulted mike pence but perhaps the network realized there are actually people out in the wider country that believe in god as opposed i guess joy behar how she made fun of vice president? >> sure, melissa what my sources, this wasn't abc, the network, this went to higher being, not god but bob iger. he was upset and got a lot of backlash at shareholder meeting in houston yesterday. actually, this is the definition of throwing somebody under the bus. yeah, joy behar apologized to the vice president. i confirmed that with my own sources at the white house, that conversation did occur. but the problem i think some people may have with this apology is that look, if you're going to make the slur in public on the view in front of millions of people, you better make the
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apology in the same venue as well or it doesn't have as much impact. i'm not quite sure why it was kept secret and why behar is not apologizing publicly as opposed to privately. melissa: that is interesting. joe concha. thank you for your time. >> have a good weekend. melissa: we will. david: we'll have a good weekend after the market. putting americans back to work. manufacturers are hiring and our next guest believes the president's new tariffs will boost the industry and its tariffs even more. scott paul, the president of alliance for american manufacturing sounds off. >> we'll see if he sticks to the tariffs. could be he is playing poker. >> i don't know the president at all. i would say he is known for "the art of the deal." ♪ more and more people have discovered something stronger... more dependable...
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david: 31,000 manufacturing jobs added in february. that is the highest number of manufacturing jobs in the u.s. since december 2008 but does this undercut the rationale for steel and aluminum tariffs? let's bring in scott paul, the alliance for american manufacturing president, a partnership of manufacturers and the united steelworkers union. scott, good to see you. what about that? when we first heard wilbur ross come out with the tariff news, he first said it was done for jobs. we have the extraordinary jobs figure this month. businesses and manufacturers are scrambling to find qualified workers. doesn't that undercut the argument for tariffs? >> david, it's a great question and i'm really excited we saw this manufacturing job growth in february. i would argue indicates there has never been a better time to do the tariffs and i'll tell you why. the steel and aluminum industry are still struggling under this weight of global overcapacity in the industry that the president
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articulated. the economy as a whole is doing very well. steel consuming industries are doing very well. they are flush with cash. they're profitable. they just got a huge break from the tax cut. so if you're looking at it, i would say there has never been a better time to do the tariff. better time to do it than if we were in the midst of recession and there is no question that the industries that have been hardest hit by imports coming in have been steel and aluminum. so i think, instead of saying, no, this, this doesn't validate reasons or rationale for the tariffs, this emphasizes both urgency and underscores the fact it is going to do little, if any collateral damage to the rest of the economy. david: we don't know that and of course, there have been times that people made the argument tariffs could hurt other parts of the economy. what about all those industries?
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some people say there are six 1/2 million workers for manufacturerring industries that use steel will have to pay more for steel they use as a result of the tariffs? >> as secretary ross indicated yesterday, they will have to pay more if they're importing it. if they have a choice, source it from the united states they won't face that cost increase. even if they choose to continue buying the imports, here's the deal -- david: scott, if i could just interrupt you for a second, i did get an email, i've been getting a number of emails like this, from one of those manufacturers talking about who said that nucor and other steel companies have been raising their steel prices in anticipation of getting some kind of help from tariffs and everything. so prices already for a lot of these manufacturers have gone up for steel, even if that steel was manufactured here in the u.s. >> let me look at it another way. when the president first made his announcement last april, imports of steel into the united
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states surged as customers whether looking to get ahead of these tariffs. so this game goes both ways. david: it does. >> i don't think it is really fair to blame steel or aluminum customers. here is what this amounts to basically, berkshire hathaway got $29 billion tax advantage from 2017. the entire cost to our economy of these tariffs is about $9 billion. that is if every single penny is passed along to the steel-consuming industries. these are smart companies. they will figure out a way to navigate it. our steel industry. aluminum industry, they're bringing jobs back. we've seen plant announcements. david: thank you for that. >> it is good news. david: we have to go, but i just want to ask, we had first, wilbur ross and others come out and say there would be no exceptions to these tariffs. then yesterday we heard the president, and i counted three exceptions, one mexico and canada, two those companies who
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might manufacture, foreign companies manufacture here in the united states, then three the defense contractors, those are three exceptions, is that three too many for you? >> well i think the exception process should be transparent, it should be very rare and it shouldn't fill up the washington swamp with special interests looking at it. i think there is a way to do it for countries that are part of the solution. i think there is a way to do it without reducing the effectiveness of the tariffs. we'll look forward to working very closely with the administration as they roll out this plan. i'm confident it can work. david: come back to see us, scott. >> i will be happy to. thank you. melissa: martin shkreli sentenced to seven years behind bars. the so-called pharma bro, you remember him, he was convicted of defrauding hedge fund managers. cameras were not allowed inside of the sentencing but we're told shkreli was moved to tears. he was called the most hated man
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in america by raising one of his company as drugs 5,000% but that was unrelated to today's sentencing. david: what crumbs? nancy pelosi is walking back comments about tax cuts just in time for the midterm elections. charlie hurt is here to respond. charlie hurt is here to respond. ♪ in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. i needthat's whenvice foi remembered that my ex-ex- ex-boyfriend actually went to law school, so i called him. he didn't call me back! if your ex-ex- ex-boyfriend isn't a lawyer, call legalzoom and we'll connect you with an attorney. legalzoom. where life meets legal. i had severe fatigue, became diagnosed with hodgkin's lymphoma. he was a good candidate for immune therapy, which is allowing his immune system
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david: vice president mike pence is speaking at an event in cleveland, ohio, now. he is making remarks on the success of the president's tax cuts in helping americans and businesses. take a listen. >> president trump signed the largest tax cuts and tax reform in american history. [applause] promises made, promises kept. melissa: even one of the harshest critics of tax reform,
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house minority leader nancy pelosi appearing to finally see the benefits, backtracking from her past crumbs comment, well, kind of. take a listen. >> the crumbs that they are giving to workers to kind of put the schmooze on so pathetic. certainly we love when people get a bonus and they get a raise but if it is so small in comparison -- if the choice was made for corporate america and the top 1%, and our, in our society, at the expense of working families, something's wrong with this picture. melissa: i'm not sure that made sense. i was kind of trying to sort through it. here now to react maybe equally befuddled charlie hurt, "washington times" opinion editor, and a fox news contributor. what do you think -- first of all i don't even know what the put the schmooze on is.
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i'm not sure that is the proper usage of that, regardless fast forwarding to her more recent comments, what do you think about that? >> honestly he have time she opens her mouth it is incomprehensible, the fact she has been around so long, republicans have been running against this women for decade now, the fact that democrats still have her as the leader, still goes to the point of not only how bad washington is, but also the kind of trouble that i think democrats really are in. the fact that, i do think it is significant she walked back the crumbs comment, what that means, she was so pilloried by fellow democrats because of the success of this, and popularity of the tax plan, that she really did, she had no choice but to sort of get on board. but, you know, it underscores an even deeper problem for democrats, because even if, even if they're not belittling it, calling it crumbs, they still have to run against it in the fall. so you have -- there is not a single democrat who supported
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this thing. if it is that popular, democrats have to run against it, and republicans who better be smart enough to promote it and defend it and talk about it, it just, points out that i think republicans have much better advantage right now than certainly they get any credit for here in washington. melissa: we learned in the last election marketing works. when you slap a label on something, if it rings true, then it works. the crumbs thing, sort of a disaster, even if she walks it back, it can't go away. we showed mike pence talking a few moments ago. he is still live on right now, even referenced it. listen to what he said. >> any leader who thinks $1000 in the pockets of working families is crumbs, is out of touch with the american people. [applause] melissa: that's not going to go away, not going to go away. >> no matter how far pelosi tries to walk it back, it will not go away. melissa, your point is exactly
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right, i wish, wish republicans and conservatives would learn this lesson from donald trump. even if you don't like him, learn the thing about messaging, the thing about marketing, the guy is a genius at this stuff. it works very well in politics as we have seen. and if they would just sort of learn, pick all of the great lessons that they can learn from donald trump, it will behoove them far into the future. none are more important than the whole marketing thing. he is so good at it. meanwhile republicans, i would argue republicans, conservatives are right about just about all of their positions but they're so bad at marketing the positions. melissa: yes. >> making arguments. they need to learn to get better at that. melissa: no, it is really true. he was able to put a label on things that rang true. >> keep it simple. melissa: kept it simple. >> yeah. >> nancy pelosi is terrific at raising money. she is really good. she is elite and rich herself. she knows a lot of elite, rich
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people. she knows how to talk to them. she is great at raising money for the party. she is fantastic, democrats are better whipping votes, by nature of what they believe in, it is more collective and less independent, less freedom-loving they're better sticking together. is she worth all of that goodness, even though she is handing out the crumbs, great at filling covers and whipping fellow democrats? >> you know, i think the reason that i was, that i was supportive of donald trump from the very beginning is because i saw the potential for him to not only stand up to the democratic party, but to really shake up the republican party, come from the outside, infuse some fresh ideas, some fresh approaches, and he has done all of that. and, it has been tough for republicans, it has been, a hard time for republicans, a harder time for republicans in
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washington i think than democrats but the democrats still face that same problem. they haven't gone through that process. people, in both parties they despise washington, they despise everything washington does, these parties, the democrats will have to, they almost had a shake-up with bernie sanders, but then the machine kicked in. melissa: yeah. >> they protected clinton, they protected the establishment and they prevented that bloodletsing that has to happen in the democratic party. if i had to guess, will democrats do overall win big this year and two years or are republicans i say it is not democrats because they still haven't gone through this process. melissa: well, that is an interesting take. that is what everybody you know, extrapolating out from these races that we're seeing right now. one thing we have learned, i heard the phrase, connor to the chameleon with respect to the race going on in pennsylvania. one of the candidates picked up on what president trump did,
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where you slap a label on someone, that is so effective, right? it goes together, connor the chameleon, rolls off the tongue, brings to mind the politician that changes his like, changes his look to blend whatever is going on, doesn't represent his own true colors. maybe somebody did learn the lesson. >> unfortunately probably a democrat. but look at the way he, you know, if you look at him, he is doing much better than he should be doing, he is doing much better than he should be doing because he is running on the trump agenda. he is embracing the trump agenda and that is very smart. melissa: thank you, charlie. have a good weekend. david: rumors are swirling that 80-year-old justice anthony kennedy is retiring. kennedy is a swing voter this appointment could be even more critical than the president's last pick, justice neil gorsuch
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who replaced staunch conservative, justice antonin scalia. two supreme court picks. melissa: that would be big. robots, they're just like us. the latest internet sensation is not ready for prime time. ♪ at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. ... they appear out of nowhere.
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what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see. melissa: even robots need a break or two, flippy the new burger chef at the caliburger restaurant in pass a pasadena is already taking time off according to usa today. really? david: i'm so happy about this story because it worried me it seems the avalanche of media reports led to more orders than flippy could handle and he freaked out and took a xanax and now workers are receiving additional training learning to "choreograph" their movements
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better to help the robot get those burgers cooked in a timely manner so even robots freak out can you imagine? melissa: they will just write a program to fix it, a lot of robots in my husband's office. we'll see have a terrific weekend that does it for us risk & rewards starts now. >> north koreans did promise something to denuclearize and stop missile testing and we recognize we'll continue in our military exercises let's be very clear the united states has made zero concessions but north korea has made some promises and again , this meeting won't take place without concrete actions that match the prom it'ses that have been made by north korea. let's not be lost in the fact that this didn't happen overnight. this maximum pressure campaign and this process has been ongoing since the president first took office. for the first time in a long time the united states is actually having conversations from a position of
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