tv Cavuto Coast to Coast FOX Business January 21, 2019 12:00pm-2:00pm EST
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right. i would have named all the cities in canada most miserable. kidding, kidding. charles: there goes the canadian demo. markets are not open. futures are. we have a lot of breaking news. neil cavuto can take it from here. neil: i wonder how they ask people that. how are you doing at work? how do you like living -- i'm miserable! charles: new yorkers don't mindshareing their opinions, right? neil: god forbid i'm okay. i have my suspicions. thank you, buddy, very, very much. is it me or is this market not budging? that's right, it is closed. we're open for business. the futures are down. big concern for the futures as it has been are to the world markets, most of which are open, the idea china is slowing down. if you're a regular viewer of the show, we've been talking about this for some time, even if we cobble together a trade deal with the chinese, they might not have the muster to make food on commitments on the imports.
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that is a big worry. china housing sales are slowing. industrial production out of china is slowing. just reported for the year completed the smallest gain we've seen in 28 years. so you have that working against it. you have much of europe in a slowdown mode right now. whether britain ultimately succeeds divorcing itself from the european union or not. you have our ongoing government shut down, the president offering a deal that the democrats rejected at face value. that is not to say he might not get his way or there might be some middle ground here, but on a day like this, with much of the continental united states still freezing from a storm, sort of good the people are getting a pause to refresh. what happens now? dr barton and gary kaltbaum. gerri willis is with us as well. gerri, the notion if we were open for trading today, the market would sell off on fears
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we get a trade deal from china, the chinese are entering a slowdown probably much worse than they're letting on, what do you think? >> i think it may well be much worse than they're letting on. it may well be 1%. these numbers are very difficult to get your arms around. and why it is important for our market and traders on the floor of the new york stock exchange tell me every day. if you read the trade papers, it is just apple that relies on china for a lot of its sales and a lot of its earnings. not so. whole raft of u.s. companies. big industrials like boeing, 3m be. neil: mike con, nvidia, amd. sanderson farms, archer daniels midland. it will all be negative news for them. it is about global growth. we have so many companies here in the u.s. of a who rely on a strong china market. neil: you know, gary, there are
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a lot of undercurrents that rattle some foles but this is best year to start after market since 1987. we now what happened at the end of 1987. and we saw a pickup of activity on ill favored stocks and technology and apple with a comeback. what do you make of the first month how it is shaping up? >> i think the most important thing i have seen is the financials. they were dead and buried. they have been an anchor on the market and not only did the get news get bought up but the bad news. jpmorgan, pnc bank, missed numbers, gapped down and they are immediately bought up. that type of market that the markets see boost markets right now. the only thing i can tell you even with this rally so far i have yet to see any type of selling by the big institutional crowd. only negative, we've gone up too far, too fast, we could probably pull back a little bit here but because we've gone up a couple
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thousand points since the low. for me, neil, i say it for years, it is about the easy money. china is slowing down. they announced a $83 billion. that is a ton of money into the system. powell doing a 180. europe and japan have been promising to stop the printing of money. they continue it through at least end of this year. that is helping the markets also and as long as they're showing liquidity that way, i think markets i will be in an okay stead here. neil: dr, not as crucial to markets of china and prospects of trade and striking a trade deal but this government shut down for almost 31st day, it is almost a non-event for these guys. why is that? >> it is a couple reasons. it is a digital on-off issue for the markets. if we get to a point like back in 2011 where the ratings agency and fitch already come out and talk about this, they're worried
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about the u.s. being able to properly govern itself, then we have a big problem. other than that we have really hard stories to hear about people not getting paychecks. 800,000 people out there not receiving their government paychecks, neil. but that, it's a tiny thing. it is not a needle mover. that is why the markets are not so wore i had about it. they also believe we'll get out of the mess sooner than later, the government shutdown mess. because it is that digital, it is either bad or fitch downgrades u.s. debt which would be a huge negative, or, it is not that, it is not happening we're not going to see it impact the markets so much. neil: gerri, one thing that is interesting, as you see tentacles spread, just on the core of government, how it affects us sba loans are essentially shut down for business, businesses can't get
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loans, ipo's are delayed, food and drug inspections are compromised. people with fha loans, they see their closings put off, if not denied, so it does have a spread effect. maybe that is made up like hurricane analogies you hear, when you lose one quarter you gain back in the next when people are back to building what do you think. >> you made a good point it could regain in the next quarter when i talk to traders about the issue you roll their ice. what do you mean can't keep the government operating? how hard it can possibly be? they are nonplussed. i have to tell you the ipo market there was so great expectations around lyft, and uber and a whole host of companies supposed to come public in january, all of that on hold. some companies are finding a work around, maybe they can go public during this period. we see the markets turn around. if only sec could open its doors we could get companies to
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market. you know, i have to tell you, traders on floor of new york stock exchange never very impressed with government but this is a big reason why. neil: you know, gary, it is interesting it has a benefit to the market, cruel as this sounds, if they didn't think the federal reserve was inclined to raise interest rates this year, and that was the growing betting, this has cemented that notion, do you buy that? >> tariffs, shutdowns and slowdowns puts the fed on the shelf at this point in time. remember for months we were hearing about 2019, three more rate hikes, four more rate hikes and markets react to that. now markets know there is absolutely zero chance that happens. sometimes bad news is good news because of that and i think you're in one of those windows right here. the major question for me, i don't know just yet, are we in one of those gargantuan intermediate rallies in a bear market or start a new bull? in 2003 we saw a rally like this
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lasted the few months, same,07-08 then we went lower again. tariffs will matter and shutdowns and slowdowns are bad news for the economies not only here but around the globe and it will cause repercussions. we're in the window the market doesn't care. eventually it will. neil: dr, how are you playing this market right now? if trading resumes tomorrow and through the rest of january, what do you do? >> yeah i think to gary's point we're in this big rally we've had since christmas eve, day after christmas boxing day low, and we're on a rally from that and i have been buying those names, some of those names actually gary mentioned, some beat-down techs. been buying banks. i think that until the market proves us otherwise we've been getting a rally with strong breadth, declining volatility, with lots of good markers out there that are telling us that
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traders, investors, in the markets are fairly happy with what's going on, despite all of this stuff that is coming in the macro news from the outside pressing in. so i'm still buying right now, neil. neil: gerri, one of the things i do notice, sentiment is improving a little bit here that could be a good or bad thing with contrarian strategy here. the capitulation that we're very closed to experience around christmastime, that's gone. you talk to traders all the time. what is their, for lack of a better term their mood right now? >> they're cautiously optimistic but i have to tell you there are not inconsequential number of folks i talk to on the floor of new york stock exchange who say this, look, we could test the lows again and i expect us to test the lows again. they expect the markets at some point to start trending lower and on the types of headlines you've been talking threw the segment, china, government actions.
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there is a lot of things to be worried about out there, can, for example, bank stocks continue to pose some kind of relief? maybe. it is more about picking the right stocks, rather than just buying the market or buying fang. neil: you know, gary, your biggest worry of, there have been variations of it, when you and i have chatted, that people get sort of sanguine or sort of cocky about this, they feel when hard time comes and go, hard times are gone, so how do you play that? >> look, in one month we've gone from the depths of despair to everything's just great again. i'm more careful when everybody is talking about things are great again. i'm not really a big buyer right here. i go for pullbacks right now. i'm, it is easier for me to measure markets on how they pull back. if they're controlled, if they're rotational, i'm good. if we continue to see, we've been seeing weak opens and good closes on a daily basis.
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i'm good. if that starts to change, i'm very good at identifying when the big money is selling, i will be ready for it. but right now, amazingly on a daily basis, the market i hate saying this has been acting perfect. that can change in a nanosecond, neil, the news out of washington on a daily basis is kind staffingerring that supposedly these mature adults on both sides of the aisle can't get anything done at this juncture. neil: final word. thank you all. happy new year as we continue in this pause. hopefully a lot of market types think it will be rye freshing. we shall see. kamala harris is latest entrant in the 2020 presidential feed. we might have easier time keeping track of those who are not running for president after this. this is huntsville, alabama. aka, rocket city, usa.
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♪ >> i'm running for president of the united states. well -- [laughter]. and i'm very excited about it. neil: are you running for president? >> i'm considering it, neil. i think i can make a difference by going big in the issues i take on, by being bold in the solutions i would offer on health care, energy, reducing gun violence. neil: you have a lot of competition from just those from your state? >> that's all right.
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neil: known californians who could enter presidential fray. california has those that can plunge down a lot of dough for those interested on running for the highest office in the land. edward lawrence keeping track of those rumored, those already out there on the run for the presidency. edward. reporter: fingers and toes for all of this. on a day celebrating martin luther king, jr., senator kamala harris announced she is running for president. she will be the second african-american woman from a major party to run for office. she told abc, she is doing it to keep america safe. >> it is about the power that we have in terms of what has been until recently our moral authority in the world, and our ability to work with our allies. i am a career prosecutor as you said. my entire career has been focused on keeping people safe. it is probably one of the things that motivates me more than anything else. reporter: harris is joining what is already a crowded field of
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folks who are sy saying they are going to run. long-time democratic establishment is represented on the his of possible candidates of former vice president joe biden on that list, thinking about a run. biden wants to change the tax code, that he says favors investors over workers. another billionaire considering a run, former new york city mayor michael bloomberg. he didn't think corporate tax rates equals higher wages. they were both at an mlk event here in d.c. president trump taking aim on democrats on the house side. he tweeted democrats campaigned on working within washington and getting things done. how is that working out? #2020 takebackthehouse. a lot of people believe that president trump is now politically vulnerable. neil. neil: we shall see. a lot of people didn't give him a shot at all when he ran. we don't know about consensus.
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"daily caller," vince collagnese and anwan seawright. if you had to list of stronger chances who would that be. >> not sure one strong candidate stands out. big-name candidates with profile already move their way to the top of the list as early favorites but i always govern myself this way, thanks to the 2007, 2018 democratic primary. at that point in time, no one thought or not many people believed barack obama would make its way to be our nominee. it is still very early on the process. i'm very encouraged by the quality of candidates and diversity. it i think will be a fight of the heart and soul of our democratic party. neil: you know looking at that crowd, vince, i'm wonder whether it helps or hurt the president? eventually the democrats will
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have to settle on a nominee and in crowded fields before republicans did a couple years ago we know that you know, democrats did when they were fielding what were called, so-called seven dwarfs to challenge the impenetrable george bush, sr. we know what happens, bill clinton emerged. george bush, sr. who once had a 90% approval rating so you just can't tell. how does it work to the president's advantage or disadvantage? >> i think every democrat that jumps into the race is an advantage to the president and here is why. these primary processes are bruising. all the opposition research teams, each political group working on candidates have to distinguish themselves why they're better and only why their opponents are work. look at tulsi gabbard out the gate immediately. she is too close to trump, doesn't like war.
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kirsten gillibrand was more pro-immigration restriction in the past. kamala harris, seen attacks on her based on trying to keep more people in prison when she was attorney general in california. democrats are already savaging each other. that will provide opportunities for the president to basically pick his favorite weaknesses and exploit them. neil: antwan, first off, south carolina that is near and dear to you. if you think about it already we're seeing cory booker spend inordinate amount of time and attention in south carolina. hopes there i guess, reporting is, to take out bernie sanders and emerge as sort of this new southern phase, not from the south of course but that stops momentum of party heavyweights and then emerges as nominee himself. what do you think of that strategy? >> well, first of all i think any candidate who wants to be our nominee has to find the
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southern groove and the place to find that is south carolina. neil, i govern myself this when it comes to democratic politics, opportunity will meet you on the dance floor. the dance floor in the democratic primary, south carolina. 60% of people that cast the vote will be african-american. that is the heart and soul of democratic party. neil: you have california, new hampshire, iowa, are you worried that south carolina loses its appeal by that point? >> absolutely not because many of the state has follow south carolina in the primary will have very similar demographics. so just like in 2018 and just like in 2016 south carolina can be saving grace or launchpad for any candidate that can be successful t will be real test what type of campaign infrastructure you have, as someone doing democratic politics in south carolina for very long time, in first case of any high-tech campaign. you will have, yes, to have
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money to go on the air, do tv, et cetera. you will also have to put together a real ground game in order to penetrate the atmosphere here in south carolina. i'm very encouraged by what i've seen from some of the candidates who understand the importance of that. neil: let me get your sense, then, vince, of the priorities here because there are some, either dark horse figures or figures who don't figure into the normal figuring in and that is billionaire like michael bloomberg, or for that matter starbucks former ceo howard schultz reportedly looking at independent bid. how much impact will they have. >> i don't think actually much. the thing in presidential politics to watch, how catch liz ma do you have and connect to the base of party, i don't think michael bloomberg or howard schultz connects with the average democratic voter in a way to help them get through a presidential primary especially
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president trump. howard schultz is fine. i don't think he lights anybody up. in bloomberg's case, billionaire, back and forth republican and democratic politics throughout his career. in that sense he will be too moderate despite what some republicans might think. issue winning presidential party, somebody who has charisma and hughes to the identity politics standards of the democratic party. average white male candidate will probably not play real well in a 2020 primary remember. neil: thank you both. turn attention to davos, big gathering of world leaders is going on even if a lot of political leaders won't be going. a lot of corporate ones are. in fact a record number of them, despite what the political counterparts are saying after this. as a fitness junkie, i customize everything -
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neil: markets are closed in this country. both the stock and bond markets. we are following other financial developments, a who's who crowd getting ready to go to davos. not the same crowd. not the political crowd. an economic who's who maybely not necessarily the western world who's who. former margaret thatcher aide nile gardiner with that. french president macron, our own president donald trump eschewing to go to this event. i don't know who led whom but what do you make the fact it contains likes of xi xinping and
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others, host of others who are opting out what are they saying? >> i think it is very significant that introduce knows this year, you have a leaders of the united states, france, great britain, sitting it out. davos is increasingly seen as sort of a talking shop really. it isn't a place where frankly serious business is conducted. why the leaders of the u.s. and the uk in particular are staying at home, to deal with more pressing matters. and i think that davos, really at the end of the day is overhyped conference and it doesn't really often address you know, real world issues. a lot of the, attendees at davos divorced from reality. you also have at davos as well i think a significant sort of anti-trump audience there and significant anti-brexit crowd as well. and so it could be argued that, many of those in attendance are
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out of sync with a lot of big changes happening on the world stage right now. i think, makes a lot of sense for donald trump to stay who washington and theresa may working on various scenarios ahead of britain's exit from the eu on march 29th. neil: how is that going for her? i know she has a revised plan. i don't know what the details are now, not been met with overwhelming support, so what do we know? >> yeah. so january the 29th, theresa may goes back before the house of commons another brexit deal proposal. she is trying to renegotiate her existing deal with the european union. eu leaders are not very keen to help her out at this stage. there's a great deal of hostility i would say coming from brussels at the moment and not a lot of willingness to amend the deal that has already been agreed. i do think the only real option
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for theresa may to press forward with what is known as a managed no-deal exit. britain exits the european union under to have union across the united states, far better course of action than trying to basically push through her existing eu withdrawal deal, which is basically dead in the water. unless there are huge dramatic changes in the deal but i don't think there is going to be a changes of real significance. so i very much doubt that theresa may is going to win a vote in the house of commons on sort of a reworked deal actually. neil: might be a little bit of monday morning quarterbacking but why didn't after the vote 52-48% in favor of britain breaking away from europe, they take their chances and break away? certainly in 2 1/2 years they
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would have sorted a lot of this out and we wouldn't be in the middle of this drama now, what do you think? >> yeah, well, i mean i think that it would have been ideal definitely for britain to break away sooner but there are all sorts of restrictions in place in terms of european union treaties and so on so it's a very complex scenario. but the main thing right now, neil, britain to get out of the eu, which is a sinking titanic and -- neil: do you think that is going to happen now? or that drop-dead date in march will come and go you will still be part of europe? >> i remain optimistic that the britain will leave the eu on march 29th. if britain doesn't leave the eu on march 29th there are all sorts fors in the uk parliament and derail brexit and reverse the brexit vote all together. it is vital that britain seizes this opportunity now to become a truly sovereign, free, nation.
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march 29th, is hugely important date for the british people, and it is vital for the british government and parliament respect the will of the british people. they voted to leave the eu they must respect that, the british people have the right to be completely free and sovereign. neil: we'll watch it closely, my friend. thank you, nile gardiner. >> my pleasure, thank you. neil: the cold after not so much snow, at least for much of the country but this arctic blast will have an economic fallout, after this. ♪ alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. when it comes to managing your type 2 diabetes,
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judson pollock on how long this goes on? >> neil, that is right. cold conditions throughout the day time hours. we're on a little bit after roller coaster ride as we go on time. i will show it to you as we focus on the short term, temperatures running below zero. it is not only the cold, it is also the wind. when the two meet, forces talking about brutal conditions. check out the wind gusts here, 20, 30, close to 40 miles per hour. already flight delays out stored newark. it is coldest day of the year, for the season by far. temperatures running 10, 20 degrees before normal. temperatures well below zero. this is when it gets dangerous, minus 20 to minus 30. temperatures i climbing back into the single disedge its -- digits, with the win beginning to relax. talk about when the cold is
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moving out. it is locked in place lieutenant throughout the northeast. you see white and purples, those slowly clear out as we hedge into tuesday. hens the roller coaster ride effect. that is the game of averages when we talk about the month of january. as we rush into wednesday we're talking about a temperature rise of 20 to 30 degrees. areas that experience the tens, 20s, will experience the 40s and 50s midweek. unfortunately we're talking about wet weather. that is the last thing we need along the interstate 95 corridor. southeast not escaping latest blast a chilly afternoon toward atlanta. numbers well above normal. tonight you need extra blanket on the bed as you're vicinity turing out and about. temperatures here too will climb quickly as we edge into wednesday, thursday. notice how rain overspreads the area again from west to east. we'll talk about heavy enough
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rain to produce some localized flooding so extremely dangerous cold continuing for today, especially when you think about the wind. but again as we edge our way into midweek, neil, temperatures will be quickly on the rebound. there will be more shots of cold as we go down the line over the course of the next week to 10 days. so up and down we go as we venture our way into the weaken and next week. neil: a lot of people will get sick through, this justin. your body doesn't know what to make of it all. >> it's a shock to the system, you're right. try to ride the storm. hopefully we smooth things out down the line. neil: thank you very much. judson povick following all of that. for regular viewers follow the show we're about latest happening in the financial world, political world, we apply the same to weekends, we take two hours every day, and four business shows interrupted by breaking news.
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we said you know what, we have to interrupt ourselves. in this ever-changing environment, trump world, whatever you want to call it, too much happens not to be live. so we added a sixth day to be live. "cavuto" live celebrated its one-year anniversary this weekend. you feel the president is on to something here? >> absolutely. i agree 100% with what the president is trying to do with all things related to border security. neil: a year ago today, nearly every democrat voted for my bill to fully authorize i.c.e. into law for the first time ever. including nancy pelosi and including the democrat who introduced the bill, to abolish i.c.e. >> mitt romney is whip smart. he is a good guy. he is a enormously talented but for the millions and millions of
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americans who are better off today than they were two years ago his, his op-ed piece, his behavior, was, is about as popular as head lice. >> we also has democrats have to be honest with ourselves there are a lot of people out there who felt very disconnected and the opportunity was farther and farther out of reach. people who voted for barack obama and then voted for donald trump. neil: increasingly become the butt of late-night comic jokes, stephen colbert on capitol hill making you butt of jokes. >> can you read what is on the memo. >> the memo said investigation update, devin nunes is, redacted. >> yes we don't know. devin nunes is a, we're not allowed to release that information. >> that is classified. >> people won't let me say it on air. >> i think this should be released. >> do you have any guesses what it might say on there? >> calfornian?
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public servant? former dairy farmer? >> former dairy farmer? >> really. he seems to be milking it right now. neil: what did you think of that. did colbert make any effort to come to you, talk to you? >> i think this is the danger that we have in this country this is example of it. the left controls not only universities in this country, but they also control hollywood in this country. >> if he is proven to have not told the whole truth about the fact that campaigns look for dirt and if someone offers it you listen to them, nobody will be surprised. there are some things in politics that you just take for granted. ♪ >> i think if there is a scintilla of evidence that the president colluded with the russians, and they had that evidence, the entire would already know. ♪ >> neil: there have been rumors
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circulating you're considering a presidential run in 2020, is that true? >> i'm focusing on the next few weeks ahead of us. doing my best to continue to serve hawaii and our country and hopefully get a lot more like-minded leaders who are fighting for the interests of the people of our country first and foremost. neil: you're i think around 37 years old. do you think that's too young to run for president? >> no. neil: okay. there we go. have a nice day. we were going live on saturdays, a lot of people got major weekend news on sundays that is it when all the talk shows are on. we would thought combine what is happening in the business world, main street world on a saturday. bit by bit, week after week, more people are noticing, certainly in the press because it serves your interests. it serves your time schedule and we'll keep doing it. it is the kind of news what happens there, permeates the weaken and gets discussed on the
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weekdays. we'll keep doing it because we think it has an important part in your life. we like working six days a week. most of us. all right, in the meantime here, this narrative of maga hat wearing kids, making america great again hats, not how it originally appeared. now a lot of people, journalists, even some big celebrities who were tweeting about this, some of those tweets are disappearing. why is that? we report, you decide. >> while cnbc is on tape, we're open for business. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet?
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♪ neil: it almost looked like a layup. you're familiar with a young man getting in the face after native-american protester at a big event in washington, d.c. the media pouncing on it saying he was showing great disrespect, all of those loyal to the president were treating this guy in almost racist manner. a long comes clarification, video comes to light it, might have been the opposite. this young man never said anything at all? now what? a lot of actors, celebrities and others who glommed on to this,
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tweeted ad nauseam, a lot of treats with real clear. tom bevin, lauren simonetti, deirdre bolton. in the end it wasn't what it appeared to be. >> no, i have to admit there is still a lot of confusion, vietnam vet nathan phillips, american indian, indigenous person. he said it was getting ugly, stepping between the boy he saw, another group who were getting rowdier and rowdier. he also said he was trying to get away, that the young man who did have the maga hat blocked his own exit from the scene. so it is just, there is still a lot of confusion. what i do think is a shame is, you know, today, we're obviously remember, dr. martin luther king, jr.. one of the most amazing speeches he gave which really unified the country in that exact spot. so i do think, that is, just something for us all to think about. neil: also fit a narrative a lot of people have about trump
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loyalists this wouldn't surprise us. it would not have killed anyone to get a little more backdrop to this, right? >> there was a rush to judgment. perhaps there was a rush to judgment what he was wearing. the catholic high schoolkid was wearing a make america great hat. it is interesting when he defended himself, we always criticize social media, thanks to soes media in this case, we were able to see accurate videos that showed what really happened. he defended himself and family's name, i'm not a racist, that, you see, he was watching what was going on. he wasn't engaging. and many people were quick to, to judge him for just sitting there smiling a little bit when he was just trying to remain calm in a knot-calm situation. >> this was 30 second clip. it was two hour video. >> a long video. neil: saw the protest that was going on links to this. >> happened to be on the same day. neil: exactly. tom, one thing we do know, a
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congressman was saying you know what, now is the time to ban these make america great hats on teenagers. came to say, only kidding about that, but, waited 24 hours to say that. so, what do you think? >> well, this is the worst of, the worst example of what social media and then the mainstream media do, which is rush to judgment, there were other videos, but those didn't come out until later so that is part of the solution. but the problem really is, you get the viral videos, everyone goes nuts on social media. the media turns around and write stories saying the kids were taunting, they were racists, which was absolutely not true this is much more nuanced story, the kids may have not acted in the best manner, they certainly didn't act in the way portrayed as acting. the corrections come later, after lies are halfway around
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the world before the truth can put its pants on. that happens here. it happens all the time. corrections never get as much, never get as much attention as the initial accusations. it is too late. neil: if the corrections come out at all, right? >> right. meanwhile these kids have been thrown under the bus by their school, diocese, congresspeople, celebrities, all over the place. and now, you know, where do they go to get share good name back? neil: what do you think? >> that congressman, congressman yarmouth, iwell have the tweet here, also chair of the house budget committee. neil: he is a big deal. >> he is a big deal. he never took the tweets down. when he tried to clarify, almost like he made it worse with the clarification. he wrote, always defend the write to wear maga hats, just not un-american policies they represent. so, that is not really an apology. neil: no. you know, there is another thing, it occurs the same week with the buzzfeed article took mueller's team to say not true. they didn't specify which
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exactly wasn't true. tough suppose the allegation in the buzzfeed article that president ordered michael cohen to lie to congress which would be obstruction of justice. to be fair a lot of mainstream reporting on this, they prefaced things, if true, this would be bigger than watergate. if true, there would be obstruction of justice. there was little dialing back and correction afterwards. >> plenty of journalists from all kind of publications, all media saying if this is not true buzzfeed has a really big problem. buzzfeed should roll up and go home. neil: you don't like the president, you want him out of there, this would feed, i could see that. >> i do like to your point, there were some people if, and that if is so important. we, some times the fact i think we're so used to having everything, instantaneously, right, there is something to be said for pausing for at least seven to 10 seconds. neil: take a deep breath. >> think some things through. look for countersources or
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opposing sources because off then as we know the truth is somewhere in between. neil: you know, tom, you and i gotten into this before on the right or left there is temptation to look at ratings and they matter, the race to be first and race to be hyperbolic, all of that, i'm not oblivious to any forces at work in our industry, longer term, something like this, these incidents serve as reminders, don't be so quick with the finger here. it will come back to bite you. >> no. and, the media look, there are obviously countervailing pressures but the media never seems to learn its lens son about this their credibility is in the tank with the american public. stories like buzzfeed story, covington catholic story, anonymous sources selectively edited videos to deceive and manipulate and frame stories in certain ways, no wonder the media, the public has no trust in the media, questions when they get reports like this.
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just a cycle we're in. no putting that genie back in the bottle and the media doesn't do any introspection or reform. we're going down this road and it will not change,. neil: nothing wrong saying we got it wrong, right or left. owning up to a mistake. >> making excuses and buzzfeed is still standing by their story. we were talking about, if this were true, as journalists should we hide behind that asterisk? maybe we should, the quest to be first, maybe we shouldn't say anything, especially when it is so explosive. neil: i subscribe to the rule, what if they were talking about yourself, what if they were talking about me. >> accuracy first, people that say camera adds 50 pounds. then they meet me. more after this. ♪ you got a side that loves that style, ♪
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neil: all right, futures have stop trading. markets are closed. doc markets closed in the u.s. ofa for the martin luther king holiday. a lot to chew on come tomorrow including new evidence of china's economy slowing down on what will likely be a 302nd day of a government shutdown. market watchers lamar hawkins and ben phillips. how do you play a market right now but has to get through all these imponderables, not the least of which was a a shutdown minimized at first but might still be minimized what is going to get them wall street's way.
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release of ipo come economic data, housing data appeared a lot of stuff stymied up in the process. >> it's all about uncertainty these days are and how you play it with a lot of caution. all the uncertainty isn't just here. when you look at who is not going to dive us, the u.s. isn't showing up committee u.k. as then, u.k. as in, france's ongoing, china isn't going. basically the majority of the world of the economy is not going to davos because there's so much uncertainty everywhere we look. neil: by gathering, does it take unless importance, the fact that many corporate ceos are so going in entrepreneurs, does that it is not to its roots? >> it gets it back to its roots, but what it really highlights is for corporations that are so much geopolitical uncertainty and that really goes to what we've been seeing over the past decade were raising capital expenditures, three of the way
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of saying they investigate their own equipment around its capacity. we've seen that really low by historical standards and what companies are doing is buying back their own shares about which i called the financial engineering. it makes the company look great from a far, but nothing to improve. you reduce the numbers of shares outstanding and makes your earnings-per-share that header which is great for bonuses come up with the company is not doing better. rather than investing themselves because of the political uncertainty. the last of the leaders going to davos, that tells me looking forward we are still going to see low capital expenditures, which just means economic growth is not much more challenged. neil: the pressure is on you to come up with a similar technology. is it your sense that what is happening at the border right now and the fact that the two sides aren't any closer to cobbling together a deal of any
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sort, that eventually weighs on our market or economy. what you think? >> i think it does. we are seeing early signs of that right now. the geopolitical uncertainty going on for the last 12, 18 months has started to wear on the institutional investor. in q4 they got away if of weakness and we think that caused the sellout which people were seeing it was going to be weak corporate profits for the q4 reporting season. neil: may be weaker. i'll ask lenore the same question that it not that bad. what do you think? >> while i think -- neil: i'm sorry. >> know it's mine. i think we are still expecting decent earning growth for 2019. your point is taken as oppose to be working in a percent, 10% is now dialback 5% to 7%. i think you're right it is just dialing back expectations.
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we still see 2% plus gdp growth and i don't see how the market doesn't work this year. the uncertainty is that the mark is trying to price. tree into one order. >> we are not talking about one other thing happening. we are looking at the fed raising rates which is one way to remove liquidity. also during the tapering. they increased the balance sheet and the whole reason they did that was quantitative easing to put a lot of money out there. the whole reason for doing that was to get asset price that. now they're reducing that amount of money and receive at start of topping the ecb as well. in 2018 web will liquidity falling at the fastest rate in over a decade. that also has a big impact on asset prices, which means stop prices and also an impact on how much money is out there available for companies to go and expand. let's not forget we are also running massive school deficit in the u.s. the government is competing more and more with the private sector
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for fewer and fewer dollars available. neil: i want to thank you. and, thank you very much. in the meantime, you almost think that the president software to democrats to win the shutdown, a karl rove column in "the wall street journal" last week with the argument was present something, mr. president. present something that would put the ball of the other guy's court, so the president did. the idea of helping daca here get out of the window they are in an exchange to funding for the wall. the former bush 43 chief of staff karl rove. whatever the genesis was in the president's plan, democrats have rejected it. i don't know what's going on behind the scenes. >> well, i'm rather high profile rejections by both pelosi and schumer and i say keep it out. the white house should continue press for this. invite in some of the supporters, the moderate
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supporters of immigration reform. a lot of evangelicals who been working in concert to get democrats and republicans to take incremental steps. invite them in. invite members of the problem solvers caucus come a democrat or republican and say here's my opening offer. why don't you all discuss how we can get something done. the more the president looks like he's engaged in the issue of getting something done, the better off he is in the more difficult for the democrats to continue to say no. again, let's be honest about it. shutting down the government in order to get the funding has put them in a place where he's been on his back feet for most of the last 30 days. this gives them a chance to start to lean forward. until the government opens up, he's still god a big challenge in that people are going to hold him responsible for hundreds of thousands of federal employees without their pay.
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neil: but they're also going to hear that he has been offered and made an offer. i don't know how that sort now, but do you think the fact that democrats are still attaching this proviso, will open the government, but if that talk means were not going to talk about a while, he'll argue initiative. so we are back to the first out. >> well, that's right. on the other hand the government is hoping. you said you'd not negotiate. i want money for the wall. here's my offer. and then they either begin to look like they're serious about negotiation or we see that this is really about keeping the issue of of immigration as a political talking point, not as a policy resolution. i have come over the years to believe democrats are more interested come in many in doing politics about this rather than policy about this issue. they had the congress in 2,092,010 by huge majorities under president obama and they did nothing on this issue is aired president obama set
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himself until he got it ready to run for reelection in the middle of 2012 is that i don't have the authority to do anything by the dreamers by my yawn. and now were in a limbo situation. the president was wise to do this. where it goes. where it goes from here is anybody's guess but at least he's now leaning forward rather than leaning back. >> the fact of the market and close today obviously, has sort of ignored this going on 31 days now. i've talked to many strategies to say that's because it's a nonevent. i'm not minimizing and i don't think they were trying to minimize the effect on federal workers or contract or is for the inconvenience to put it mildly, but at this stage it's like a shrugged shoulder responds for the investment community that many of the same investors have said the reaction on main street. the buyback? >> well, i buy several. it began during the holidays and
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everybody's attention turns to other things are the holidays have more days off than normal. all it takes is our air transportation system having great difficulties because tsa employees are not showing up. it just doesn't look good. they're being asked to work without pay. how many of us to do that in our own lives if we had to provide for families. any employees and federal government we talk about are not getting paid huge salaries. they've got a big war chest locked away in their savings account that they can draw on. these are people living like a lot of america from paycheck to paycheck. so far so good. when it turns, it will turn quickly and big in my opinion. neil: kamala harris, there will be more pure banal is said and done, two dozen prominent candidates. what do you think of the field is shaping up thus far?
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>> well, what's interesting first of all everybody's announced in an unconventional fashion. sometimes it works. it worked for elizabeth warren. but at the same time elizabeth warren was announcing by the internet i happen to get an e-mail. i don't know how i can on this list, but i had an e-mail from julio castro was announcing at the same time a couple of hours when you contribute to me. i went in to see if there is any attention paid to it. the next morning nothing had appeared in the papers so i sent it off to a reporter and said have you seen this. he said they didn't even bother to send it to us. for some it works. for some it hasn't. unconventional announcements. everyone has had to deal with something that is problematic for them. kamala harris, a tough prosecutor before you got into attorney general. bernie sanders with campaign staffers who complain about sexual harassment.
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elizabeth warren had to deal with the aftermath of her failed dna experiment and then at the social commentary about breaking for a beer in her internet -- they all had to do a little bit something the beginning. neil: what do you make of the notion that i tend to follow the money and they look very closely at the small denominations together. i was an early sign of rabid support for example, barack obama when he was running against hillary clinton. you look for that sort of thing. i don't know who has an edge and not. he has donations in small sums. 20, $25, i don't know how true that is. >> well, look for that and we will see the first report. interesting last year kamala harris was doing internet at
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trinity. if i got them, i expect it's pretty expensive. we are in the kavanaugh hearings. should i continue to ask tough questions? sign my petition. all of that was geared at getting the e-mail addresses even if it was on a petition to 1 dollar, $2. we will have several primaries one of them is going to be money and to some degree driven by message and authenticity all of which will be tested for each and every one of these candidates. in june, a huge impact in a debate they'll be able to my not quickly on the internet. and what they're trying to do is generate donors and do it on a
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credit card so once it's in the system it's easy and they don't have to make a decision to give $5 or $10 each month. neil: karo, thank you very much. meanwhile, talking about how close we are to a deal with the chinese on trade. now signs of the chinese economy we've been reporting here is showing consistent patterns of losing speed. then what. the fact is, americans move more than anyone else in the world.
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neil: all right commanders to suppose that good news on china. we are closer to a trade deal than we have ever been. we might not get much bang for the buck from it it has china is following. its growth just coming off the weakest period of growth we've had in almost three decades. susan li has been looking at the numbers. >> 626% growth may be the envy of the rest of the world
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apparently untrue and especially to the u.s. that 3% are the fastest growth rate for the u.s. in 15 years. for china, an economy so used to growing at double-digit for the past three decades as the market slowdown. posting six by 6% in 2018 to lower 2019 to a range of maybe 6% to six by 5%. the fourth quarter of 2008 really impacted by the trade tariffs. you've really seen as reflected in china. all the data points including industrial profit, manufacturing numbers, pmi, retail sales. always a big one since they are powered by the consumer. retail sales at its worst in 15 years in december. property, the mainstay of investment by the average chinese embassy in a slowdown impact it and is the main concern. we have seen a lot of stimulus
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that's gone underreported in china. for instance last week they have the single biggest day of money injections into their banking system in history. $85 billion. imagine if that happened here. the reserve ratios being cut five times in 2018 and i can get more money flowing through the economy. the chinese slowdown taking place and having an impact, what does that mean for trade negotiations to extend and continue at the end of this month. into the chinese economy, taking out a percent of gdp compared when it added over 9%. we have reports on friday that china is considering buying a trillion dollars worth u.s. goods over the next six years trying to veer the u.s. trade surplus by the year 2024 and that would be american companies being affected as well.
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i took these numbers and a lot of big american companies get a big chunk of revenues from china. nike, starbucks, apple and bowing as well. neil: all right, suzanne, thank you very much. scott shalit e., market watcher looking at all of this. it would get kicked. you and i have chatted this before with china, but they are too weak to make good on buying all the imports are supposedly ready to buy from us. what you think? >> i don't think the chinese economy slowing down is new news. there is a research that suggest the growth rate might be 2%. not six by 6% or six by 5%. probably in a lot bigger hurt than they are right now. we would get a deal done with them at some point in time. longer than a day in less than forever. by then, who knows if it's
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falling down now, but a big enough for him is growing to 3% and six by 5%. it'll still be good for the u.s. economy. neil: i've always argued they remind me of the snl character, john mothers. i don't know what's truthful. the fact that they're not bragging with bigger numbers tells us that something is changed. what you think is really going on? >> the injection tells us. there are some reports out there. i've never believed anything they've said. we've got to be careful in the financial world on how that affects their equity as well as what they're doing with their grain. all the different time they backhanded deals for soybeans. they been a very untrustworthy global trading partner.
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>> the january effect, whatever they call it since 1987. we know what happened later on that year. we've got a good four weeks streak going, the likes of which we haven't seen since back in august. how do you feel about the market? >> i feel okay. i was flummoxed like a lot of guys were. we just had it too good for too long. the bogeyman under your bed began to think he was coming out when the lights went out. guess why. we have decent growth, good jobs and decent earnings with corporate companies here. if those continue to be where there are comments difficult after a recession. we kind of over did it there and were our own exhaust and look where it got us. we're up to a decent start and it will stay that way.
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neil: how about technology and how it will fare. i think, correct me if i'm wrong, most of the issues battered have come back not to their levels, with the exception of apple they've come back. what do you make of that? >> senti tureen around there because the big behemoths like netflix has allotted that on the book. there are some things you don't like to take a look at them pull the car over the side of the road. we will have to have new tech. we've been relying over the last five or six years. they are in the pipeline. these newer companies come up and take the mantle. they can relax about whether apple sells as many iphone next year. does it affect you in any way? >> i suppose it is eat-in. i feel bad for the workers that are going to get a paycheck or that's always bothersome and
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that's really the needle in this whole thing. eastside is using that as something to get the other side. i slowly but surely think and i'm trying not to be a conservative on this. i think trumps trying to get something done in trying to suggest is the politics of no on the other side. it's not politics anymore anyways. >> when you stop talking to each other you've got problems. they don't even remember what they're mad about. they just know there is later they're upset. thank you my friend. scott is the vast spirit in the meantime facebook facing the possible fine and forget about whether you find this an alluring stock. this too, from the entire indus treaty, the left and the right. after this.
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neil: all right, following a couple things on this mlk day. markets close in honor of this special day would have been 90 years old. a large facebook series of fines over privacy violations. might not be a sign of things to come for facebook, but others in the industry following this closely. what are you looking at, eric? >> you know, i think we're looking to continue pretty heavy, aggressive and brutal assault on not just facebook, but many companies right now over what has been an overreach on the privacy side with consumers. it has hit them hard and you're going to see regulators and politicians being driven largely
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by the public outrage, media outrage and that's going to be tough for many companies that i think you'll see them get paid. what's truly tough is when you consider the business model, so many of them are making money by monetizing people's data, and your data appeared your data. the reason the data is so important as it allows you to be able to sell it at a big premium to advertisers looking for means attracting and reaching consumers. so that is going to get less efficient over time and that will affect these companies. the ftc issue will not be material at all to facebook investors. even though it may seem relatively small given the size of facebook. neil: what i worry about is i'm here to help her clarify things. when it's both sides, republicans and democrats say the companies have overstepped their bounds.
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i worry about how that will. >> well, for good reason. what you can have is you could end up hamstringing companies that can really also unlock tremendous value to the economy because the flipside of this and what a lot of people are seen is how many small and medium-sized businesses and entrepreneurs and new companies that facebook and google has helped to unleash through these targeting technologies because it helps you grow tremendously. when you begin to curtail that back, you have not only an effect on the businesses themselves that are a pillar of the united states, but you also have, in many ways a less than rich consumer experience because they also benefit. if you're an instagram or facebook, some of the things they are sending you now make for a because they know how much you like.
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there has to be the right balance and hopefully they're going to get it right, but that the concern when you're dealing with government. she has been a very big critic of social media companies that they have overstepped their bounds and of course a pretty good pedigree of legal credentials from the attorney general as well. if she were to become president, would this be a problem for these companies? >> it would be far more kryptonian for companies that fall into the category where there really monetizing data. california has been a leading advocate on the part of consumer privacy. it was under her days there that a lot of these laws came into being. >> that's right.
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so i think that's an issue. for voters that are concerned about things going too far, candidates like harris are certainly a concern and she will play it up without question. like i said, that has effects to the economy and it could also have effects to the actual user experience, too. that is where the politicians i think missile. they are looking at one issue wendy's has many broader implications and it's a much bigger system of impact. neil: do you think americans in general are leery of a lot of the become of her social media. the privacy notwithstanding that the knee-jerk response is oftentimes wrong. thinking about the catholic school kids who were told they are getting the face of an indigenous american, when it turns out we might not have gotten the entire story right. the way it appeared is not the way it necessarily was.
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does that fueled out about a lot of these videos because they're all over the place, but they're not what they see it? >> yeah, i think it depends on the demographics you're talking about. millennial star about savvier about the fact there are a lot of ways to manipulate. it is getting a lot brighter at being able to pick through and determine what's going on. but you also have things for have things where people get triggered because of political purposes for political reasons and they tend to rush to judgment and as you see them as the fact show up, it can be wrong. we are learning how to get better at determining what is real and tempering patients that we can get the truth and hopefully truth is the final arbiter. i think we are learning the importance of that certainly over the last couple years.
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neil: air coming thank you editor lot at you. you got it at all out of the park. >> my pleasure, thank you. >> a lot of people say they love to spend money. what if i told you quite the opposite. most millionaires are pretty cheap. that's what makes them millionaires. after this. ing? sing that. ♪ vanishing deductible, you can... ♪ ♪ earn $100... ♪ earn $100 off... ♪ off your deductible. ♪ deductible. ♪ for every year of safe driving. ♪ ♪ for every-- for every-- ♪ ♪ for every year of safe driving. ♪ what are you-- what key are you in? "e." no, no, go to "g." "g" will be too high. not for me. ♪ vanishing deductible. oh, gosh. sweet, sweet. is it to carry cargo... greatness of an suv? or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain...
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neil: what do you think? >> we are hoping that he'll offer once again the attempt to find some middle ground with her colleagues on the other side of the aisle. until you open up the government were not even going to talk to you. that is something he's made very clear they've got to agree that he has the same right of the last four presidents to try to improve worker security. neil: what is going on? what happiness? >> i'm not sure. the president is committed to delivering on the profits he made to protect the border and
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for some of this my entire adult life i have to fortify the idea that having a at the border means something. an immigration that has integrity mean something. neil: thoughts from my weekend show, hearing it from all sides about what the president would announce later on the day would be an olive branch to go ahead and deal with daca if they went ahead and approve the wall. they pretty much dismissed it and here we are in the 31st day of the government shutdown. blake burman would know better than i. doesn't look like it's ending anytime soon. reporter: day 31 we've been dealing with that much longer than that. there's really no end in sight. no roadmap as to how both sides get out of this. keep in mind there are some 800,000 federal employees accepting its not their first, but their second paycheck this friday at this doesn't get resolved and that needs to happen soon. the white house official telling me that even though the paychecks go out on friday, of course there is a whole
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processing issue, which means that really this would need to be solved by tomorrow at some point about those paychecks can get processed in time. clearly this is not resolved by tomorrow. he put the latest proposal forward, which was protection for daca recipients in exchange for more border security, including $5.7 billion for a border wall. democrats say before there's any talk about it while going forward or at lease money for a while going forward, the government needs to reopen now and that is their stance. >> mr. president, we will sit down. we'll negotiate. will there be a wall and all that? that's what the negotiations are for. >> also starting to see the impacts with the tsa employees have you been to an airport you
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know. they call out sick or an unscheduled leave on any given day. yesterday, that number went all the way up to 10%. the tsa saying there is some dealing with financial ramifications of not having a paycheck. remember, they've only missed one paycheck at this point even though one is a big number. on friday it is set to be too to be too if this doesn't get solved anytime soon. neil: mitch mcconnell, could take the plan to put it up for vote in the senate. it would go nowhere in the house them up for what latest on that? >> mitch mcconnell is planning to put it in the senate. he would not put anything on the senate floor unless it was supported by the president. the president came out this weekend and said this is my plan. he kind of laid it all out there. mcconnell is going to put it on the floor by the time it goes the procedural vote. then the real vote later this week. there's also a real question with the numbers because there's
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only 53 republicans in the senate. just to get past the procedural hurdle, they need 60 votes. there are also many republicans who say that what the president put forward and out amnesty. when you kind of coddle it altogether, again, no real path going forward in in the senate when mitch mcconnell put that on the floor come the numbers are against them right now to get to 60. neil: incredible. blake, thank you very much. blake burman at the white house. you know the government has a lot of debt. individuals a lot of debt. after this.
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in the fallout right now. it is spreading and a lot of this has to do on the basic jimmies here. the record debt to financial expert, chris hogan and look at things for a retail millionaires . about what gives them this adage that others don't have. what seems to come through is this idea that they aboard that, don't they? >> they really do. that is a threat that prevents you from going money later. it's not a surprise. 73% never carried a dime of credit card debt. they're focused on keeping their money and being intentional and having to work for them.
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neil: i often tell people who were foolish enough to ask me for investment advice to pay off your debt in doing that. they're in the high teens and low 20s. that is how much are essentially making once you do. and then you can start from there. >> when you get yourself out of debt you give yourself a raise. we've got a crisis in america today. $1 trillion in credit card debt and 5 billion -- billion and car loans. we've got to change the mindset around this. come out of the holidays. americans spent $850 billion more silhouette further into debt. neil: at the very few millionaires are into showing off their wealth could in fact we find out much later oftentimes after they die that
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they have all this money. what is it that they do consistently that allows the money to pile up? >> well, you're right. first and foremost they're not trying to flaunt it. these are everyday hard-working people. the one thing millionaires say that cause them to get to the status was investing in their employer-sponsored retirement plans. 79% said that was the thing that put them at the top. when i talk about employee sponsored retirement plans and talking about 401(k), 43 b., ira and roth ira. these are tools that we all have available to us. we just have to understand we need to use them. neil: now, a lot of people can't get their arms around us. their debt down because they really want to start saving or doing something. how do you tell them the order of events is get rid of the high interest rate debt. do you extend it debt? and then tell them to savor what? >> well, the best way to run
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faster is get the ball and chain from around your ankle and that's exactly what it is. i want people to get themselves through before they start trying to build. write it down on a piece of paper. we call it the debt snowball. this is the way we help millions of people get themselves out of debt. smallest to biggest come make minimum payments. neil: the aggregate amount of debt did nothing to do with the raising debt. the smallest pilot dead. >> no, nothing to do. thank you for bringing that up. people get caught up in the interest rate. getting out of debt is not about math. it's about momentum. attack the little one and gain confidence. neil: and you live by those words because you are a cheap man come a rich man, but cheap and we admire that. it is electrifying the nation. a lot of common sense of. thank you very, very much.
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another north korea summit about to take place. are we switching this too soon? he read after this. our new flexible propeller design. by collaborating with public schools on a program called p-tech, ibm is helping students build the skills they'll need for tomorrow. revolutionizing. aerospace industry. it's an entirely sustainable approach. any questions? when you rethink education, everyone can put smart to work.
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♪ neil: we don't have all the details. we know there will be a second summit between the north american and american leaders. we don't know exactly where, what will be on the table what agreements have been made or preplanned. former u.s. ambassador to the south korea joining us right now. you have some concerns,
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ambassador, about this follow-up summit. what are they? >> well, i'm worried that we'll repeat a lot of mistakes made in the preparations for last year's singapore summit. actually the preparation was the problem. there was very little preparation. we ended up with a very ambiguous agreement that didn't stop north koreans from producing more plutonium and weapons. the sanctions pressure actually reduced because the chinese heard the president declare victory, felt they didn't need to enforce sanctions anymore. but the most important thing, we never reached an understanding with the north koreans what exactly is denuclearization. they clearly want to cut the u.s. military presence, if not eliminate in it south korea without necessarily giving up their nuclear weapons. so this time around we need to prepare a hell of a better. i'm encouraged there are talks going on in sweden. i hope we don't repeat the same
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mistake twice. neil: we're getting media reports coming in, talks between the two governments were going on long before at pretty high levels with the trump administration. for example, all the way up to the cia director, and deputy director level, key figures within the obama administration and their counterparts in north korea and what would be the current talks now. we don't know what was agreed to or not. we do know this has been, in the works among many administrations in the past but without getting this country to denuclearization. so to your point, do you trust the north koreans and do you think it's a good idea for president trump to go ahead and meet with, with the president without any signs of progress on that front? >> yeah. that makes me nervous. i don't think it is wrong to continue to meet even at the highest level. the key not to confuse a warm and friendly atmosphere with real progress on
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denuclearization. neil: with would denuclearization be, ampas door, in your eyes? with would you have to see? >> would i like to get the north koreans to agree to a real road map with, starting starting witl inventory of what they have. there is a lot of secrecy how many missiles they have, where they're deployed, how many weapons they produced. we need to verify where we're starting so we can track progress of the elimination of those systems. and then we have to agree what we're going to give them in return in terms of peace declarations, eventual peace treaty, release from the economic sanctions. it needs to be done in action for action way they will take us to the cleaners the way they did previous administrations. neil: would you be concerned if this administration followed up on another meeting without getting any concessions or any of the things you just mentioned prior to it? >> i would be. i think we need to we seem to
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have set a date, make clear the meeting isn't going ahead until we get something in writing much more airtight than singapore last year that shows the north koreans are serious, which nobody believes. it is up to them to prove it to us, that they're serious about getting rid of their nukes. so if we do it right if we prepare well, we get it in an unambiguous form in writing. then this could be a great success is for president trump. would i praise him to the hilt if he succeeds. just going into the meeting with hope and a prayer my friend kim jong-un who i fallen in love with will deliver on denuclearization is naive and president will be seen ultimately played by kim jong-un. everything is in the preparation. it is good that talks may be already taking place with our experts steve beegan who the north koreans refused to see for six months.
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time is short to get the kind of airtight agreement we need. neil: ambassador thanks for taking the time. we shall see. that will do it here. chars payne, i notice i kept the americaket the exact same way last two hours. charles: i don't know how you do it. neil: whatever helps. charles: appreciate it. speaking of hope and a prayer, that will be mantra for the rest of the show. good afternoon, i'm charles payne. this is "making money." the markets are closed in honor of martin luther king, jr. while the competition is on tape, so many factors playing out for you, including an assessment of earnings season. democrats reject president trump's big offer to end the shutdown before even speaks. what happens to the longest government shut down. kamala harris throwing her hat in the ring. growing crowded field on democrat 2020 side. we're examining economic
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