tv Cavuto Coast to Coast FOX Business January 25, 2019 12:00pm-2:00pm EST
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are more optimistic. >> i have a sneaking suspicion this is light at the enof the government shutdown tunnel. i think that is one of the reasons the dow is up. only time will tell. you never sigh that. our time is up, neil, it is yours. neil: thank you very much, we're looking at delays at some of the nation's premier airports, laguardia and some planes were grounded and. you're still looking at delays of hour 1/2 to two hours plus. delta is seeing 200 of its flights delayed as a result of this. this addressed staffing issue at the tsa, we're told depending on the airport, one out of 10 tsa workers have called a sickout or not shown up for work period. all major airlines are reporting this has affected them, even going into this year, southwest, for example, was delaying a new
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service it was planning to hawaii. alaska air was delaying service to payne field, a new airport opening north of seattle. that is being put off for time being. a host of others are saying similar problems with american and jetblue, all saying this has affected their business. not our safety. they are quick to point out, not our safety. but bottom line, a lot of people hearing this, looking at the annoyances it is affecting their wits right now. you know him as a good stock market watcher but jared levy is also a licensed pilot. he is here to talk from that perspective. how big of a deal is this? when a lot of people are being told, all right, we have ground delays and the rest? this happened at new york liberty airport, newark, for separate reasons, drones flying too close to planes. it has pervasive effect. what do you see? >> it does. you have two parts and tsa on
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the ground and air traffic controllers controlling air in the spy, planes in the sky. you have to understand, there are no traffic lights in the sky, right? planes are very advanced. they can fly themselves almost but air traffic controllers are there to, they meter the traffic going into the heavy terminal areas, jfk, new york metropolitan area, very, very busy. when you reduce staff a little bit. there is exponential effect because these men and women are working extremely hard to meter the flow of constant traffic. it doesn't stop. the only safe way to do things, spread flights out, delay, reroute. safety is the number one priority for men and women. that will trump everything. unfortunately thinking about supporting their families, feeding themselves, that is a problem. it bothers me as a pilot and a lot of these men and women are close friends of mine, frustrating to hear at tsa and down at the atc.
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neil: can you explain to the process to me? i found it interesting, they spread the distance between planes that are up in the air or going up in the air, do that out of abundance of caution, don't want to take any risk or what is the thinking? >> so you are, in a commercial airline for instance, when a plane takes off he set as course for himself. when he arrives, gets close to arriving he is vectored in, it is called. he is spaced out. in fact air traffic coalers flying ifr, which most commercial planes are, they are required to provide spacing. watching out for the folks flying commercial aircraft making sure spacing is correct. if there is less controllers there to handle flow, you have to create more space to create more safety, right? safety will trump everything. neil: why can't fewer controllers, pardon my ignorance, still keep the same distance?
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in other words. >> they're aware we have fewer people to monitor the skies right now but how would that affect their judgment to, you know, expand the gap between planes in the air? >> no, it's a great question. and the simple, simple answer is, the time between communications. neil: i got it. >> in new york, at any given time, there is 100 planes up in the air. one person can't talk to seven or eight planes all at one time. normally that duty is spread between to or three people. it is really timing thing. tough call the pilot. pilot has to respond, he or she acknowledges instructions. if that is not happening quick enough, you have to space planes out for safety. that is what it is boiling down to. neil: thank you my friend, very, very much. i want to update you on roger stone and his arraignment, seven counts, hiding information to passing along secret information with the russians. suffice it to say he is able to
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pay 250,000 personal safety bond. he will be released from a florida courthouse. might already have happened. might take a secret way out. a lot of folks are waiting to see him. stone in fact predicted this day would come. he didn't see it with a raid on his home early this morning in florida, but again he has posted. the judge accepted a 250,000-dollar personal bond where he can fight these charges out in the open. meantime back to the shutdown, back to negotiations that are revised being back to the possibility of a compromise. let's dead the read from our capitol hill producer chad per gram. chad, what do you think? >> the senate met in the past couple minutes. we heard chatter, way to describe it, there could be votes this weekend. nothing is set in stone by any stretch. imagination. when i talk to different sources on both sides of the capitol, both parties, it depends who is talking to who.
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nancy pelosi left the house last night. her quote, everything is on opportunity. she said she hadn't word for the from the white house. they were told waiting for mcconnell to get something started. yesterday was seminal day, seminal in the fact that two votes went down demonstrated neither plan, democrat plan, republican plan had 60 votes to get through the senate. if they are to reopen the government they have to have the math work f you're nancy pelosi, nancy pelosi you think a big cave is coming, get what you wanted, no border wall, get the government reopened and get something on daca, get something else, why put out anything? there was word she would have a press conference this morning. that is still tba the house is not formally in session today. a lot of members floating around, democrats and republicans. the reason there is nothing on the floor because there is no floor traffic. democrats in the house voted 11 different times to reopen the government in different fashion,
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individual departments, individual bills, long-term bills, short term bills, you name it. after you pass those how many other ways can you reopen the government until you have something complete. mitch mcconnell described that as charade, show votes, they didn't take votes on this in the senate until yesterday. mitch mcconnell summoned chuck schumer to his office and they talked the fact is key, everybody talked. when mitch mcconnell left the senate to go home, he said they are talking. neil: is nancy pelosi frozen out? we're expecting the president, according to "politico," other sites are mentioning possibility of making announcement on the shutdown early this afternoon, next couple hours. have you heard anything about that? back to that nancy pelosi question whether the president is dealing or white house might be dealing more directly let's say with chuck schumer? >> that is certainly the case because it has to get 60 votes.
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look at the math. the math hags to work in the senate. there are 53 republicans. you have to pluck off seven democrats to get to 60. keep in mind on the republican bill mcconnell and president propounded yesterday you had attrition on republican side. tom cotton, mike lee, senators from utah voted no. this action in the senate right now, nancy pelosi really doesn't have a role to play at this minute. part of it is because, at the end of the day, if you think you're winning you want to see what they can produce. even pelosi had signal that earlier today, they want to see what the senate comes back. that is what she said when she came into the capitol this morning. at the end of the day nancy pelosi has already made her play. you know that isn't being frozen out of the deal by any stretch of the imagination. they have thrown down their markers. if they have subpoenaing that could get 60 votes in the senate, they could get something moving through the house because the bar is lower. you just need a simple majority. here is critical thing to look
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at too, neil. it is still thought this might take a couple more days to work out. even if it does, it will move really fast through both the house and senate, especially if it is an interim deal. neil: on nancy pelosi -- she was the one who said a wall is immoral. no other top-ranking democrat that i know of, top ranking, has shared that view. ten any hoyer didn't. in fact steny hoyer was open to the president addressing the house. he had no concept of a wall or structure. i talked to senator warner of virginia who wasn't so hung up on the terminology or a wall or whether it is immoral or that. so is that the sticking point here? her resistance and maybe, being maybe she is preaching to the left here, to for a wall, for funding for a wall? that the wall thing is what bugs her. >> yes. and it bugs president trump as well. she made that statement. many liberals in her caucus certainly think it is immoral. she thinks that. that is directly counter to the
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president of the united states. if there is no wall funded, guess what? nancy pelosi won. she can call it immoral or anything else. neil: it wasn't immoral or the problem for her in the past. this is the line she rests now. i understand things change, you remind me on politics on both sides, but it does seem now we're down to a battle of semantics? >> we've been in semantics from the 22nd of december. we've gone from steel slats, one side was able to negotiate -- it was funny last night talking about semantics, one senior source indicated democrats were not negotiating. i said wait a minute and is white house negotiating? i looked at sarah sanders statement we would be willing to reopen the government interim if there is down payment on the wall? is that a negotiation, i don't know. doesn't seems like the sides were still talking past one another there. that frustrated so many people. five weeks into the shutdown are still talking past one another.
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number two the fact they are hung up on semantics. fencing wall, digital frontier, you know, kind of comes down what you describe it, but if you characterize wall as four-letter word, which it is, guess what, they will have a problem with that in the democratic caucus. neil: my friend, thank you very much. >> thank you. neil: take you to florida very quickly. a lot of camera crews are waiting to see, roger stone, a long-time confidante of the president when he was running for president, long before that, he has been charged on seven counts of obstructing an investigation, witness tampering, making false statements. a judge has recommended and he has made a 250,000 personal bond. now reporters are waiting, camera crews are waiting to see him leave that courthouse. so far, no luck. we'll keep you posted on that. keep you posted on something far more urgent. that is the on going government shutdown, we're getting word
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that the national air traffic controllers association is concerned as well saying that it does not condone or endorse any federal employees, participating or endorsing a coordinated activity that negatively affects the capacity of national airspace system or other activities that undermine the image, reputation of the men and women who serve in this capacity. it goes on to make a reference to those individuals who have called in sick, say that many comptrollers have reached the breaking point of exhaustion, stress and worry, caused by this shutdown. what they are essentially saying is, you got to understand what our guys are dealing with. the nation does. but for those traveling with significant delays today, that went into the hours, they're still saying, can we move on? after this.
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willy davis, who has alzheimer's. i decided to make shirts for the walk with custom ink. the shirts were so easy to design on the site. the custom ink team was super helpful and they just came out perfect. seeing my family wearing my shirts was such an amazing reminder of all the love and support that everyone has for my dad. - [narrator] check out our huge selection of custom t-shirts and more, for teams, businesses, and every occasion. you'll even get free shipping. get started today at customink.com. neil: how do you crunch the economic impact of a government shut down now in its 35th day? all the major airports, all of them, are experiencing some type of delays. not all attributed to tsa not showing up for work or a lot of air traffic controllers not showing up but it has affected in big metropolitan areas, new york, laguardia airport was
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first to report they had to ground some flights before they were allowed to move again. anytime you temporarily disrupt that, that is like a domino effect just to get back to business as usual which is normally delays anyway. you're going to look at couple hours of crowds and delayed flights. air traffic controllers association saying it does not like to see this sort of thing, it could well understand what is going on. senior research fell lower -- other flip side of the argument is, when it ends, hopefully soon, it is all made up for, they return to work, they start buying things again, gets to be business as usual, what do you think? >> there are two ways to look at it, right? look at the impact on the gross domestic product.
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that is the way americans allocate their income and there you're going to see at least temporarily a small reduction, very small reduction in the gdp due to federal employees not being paid. but that is going to be made up later. and now, i don't know how the impact of flights being grounded is going to count into this over the long term, depending how long this works. but there is another way to look eight, that is the, the growth domestic income, which is actually the way americans earn their income and, that is kind of, in my opinion a true measure of prosperity. and considering that most government employees, i'm not talking about contractors. they are taking a hit, are going to be paid, it is unlikely at least on this to have a big impact in the long run. that said, it doesn't mean that it is not really responsible on the part of government officials who, let's remember, the number
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one job of congress is to actually pass a budget. they rarely do it on time. neil: they never do it on time. >> actually in fact four years in the last 40 years have they actually passed a budget through the regular budget process, four, only. imagine if the private sector only did its job 10% of the time. it would not work. that is not to say even if federal employees, contractors are taking a real hit, are not being, that it is not, they're going to be paid later, it is, it is terrible. i'm sure it is just really, really hard. neil: i always tell people, i understand the hurricane effect you lose in natural disaster you make up for in the rebuilding, i understand that, but it also affects business planning, alaska air delays service to a new airport a new commercial airport north of seattle, that is an issue. when southwest is delaying service to hawaii, because of
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this, that is an issue. when, number of lenders are talking about, we had the quicken loans ceo on my fox news show talking about how this is going to delay some loan closings because some are affected by the fha essentially shut down, writing off on them, it does have a spiraling effect. what do you say? >> it does have a spiraling effect but again, we need to measure the scale. our economy is over $20 trillion, right? >> right. >> how much does this count if you put it all together? on employee side is, you know it is very small, zero point one or two -- neil: what you experience in the moment -- >> it is terrible. neil: absolutely. >> what is, how long the rippling effects happening, and whether a matter of delay made up later. or these are investment that will never be made? again the question of scale.
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neil: all right. thank you very, very much. just looking for some other updates on delays including writeoffs we would normally get from the securities & exchange commission for example, on ipo offerings, big public offerings. lyft or uber. eye-popping ones, they are not denied but just pushed back. that is stuff goes beyond the government workers it could be a bigger issue here. that is not to minimize anything. just to let people know who sort of slough it off, there are effects way beyond directly impacted. for those directly impacted it is quite palpable. we're on top of that. on top of what is going on in venezuela right now. where they technically had go presidents, in that country right now, the group you want on your side is the military. right now the incumbent president, the won who won't go, even though we told him to all by go, and don't let the screen door hit him on the way out,
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nicolas maduro, he enjoys the military support. where does all this go especially when we're urging him to go? jim rogers here. when you have the military with you, you're golden. for the time-being mr. maduro is golden. for how long? >> that is the conventional wisdom, neil, but the upper ranks of the military who are all complicit in many of these crimes, some are under indictment in the united states, they have everything to lose if maduro goes. so of course they will rally to him. the real story is the junior officers and enlisted troops, many of whom are starving along with the rest of venezuelan people because of failed latin american socialist policies because of hugo chavez and nicolas maduro. if enough of them with guns refuse to fire on fellow venezuelans or refuse to follow the generals orders we'll see. that is interesting how it will play out. neil: what you're looking for a crack in the military, among the
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generals who are fat and happy and get everything they want, and have no interest and self-interest, for preservation reasons alone to shift allegiances to juan guaido. it is juan guaido, is the western world is rallying around including the united states and most of his neighbors in the hemisphere including mexico, so i'm beginning to wonder where the public pressure builds? >> it is very important that the latin american countries rallied along with leadership of president trump to recognize the interim president guaido. i think brazil, especially, if maduro is removed there will be a huge market up side surge the way there was in brazil when markets felt such relief when bolsonaro was was was elected. there is not much downside risk because venezuela is not much of a player. that is the result of 15 years of policies that landed
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venezuela at bottom of our economic index of freedom. we're rolling out the 25th anniversary at heritage.org/index. venezuela is at the bottom only higher than north korea. it has been that way a long time. when chavez took power in 1999. pedevesa was pumping 3.1 million barrels a day. they have us believe they're pumping 1.3 but analysts think it is much lower. world impact on markets is minimal. you see very little oil price upsurge. neil: they have been off the market essentially any way, right? >> same thing with credit markets. pedevesa bonds are not held very much and deeply discounted. if we can get a peaceful resolution of this and maduro could go that would be great for venezuela, great for the region, great for the united states, great for president trump. he would have a major victory, geopolitical of stature united
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states would go up. u.s.-china relationship would be postively affected because china, russia, iran, cuba, are the ones propping up maduro. they would certainly suffer defeat. if the venezuela people can push back, and leadership in the region can help to get this guy out. neil: we'll watch it closely. jim roberts. thank you for taking the time. do i appreciate it. >> thank you. neil: i want to take you to florida right now where camera crews are waiting to get a glimpse of roger stone, one of the president's top confidants. a long, long-time friend going way back to his business days. you might have heard roger stone was charged on seven counts, they raided his home in florida, something you don't often see. i heard cases where paul manafort's home was raided to get some information, take some information from his home. the same with michael cohen, not so to drag someone, you know, to prison, while they sort this out. well he is just been granted bail at $250,000.
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he paid it. he is not deemed to be a flight risk for the time being but the fact of the matter is, these guys outside of the courthouse are waiting to get a glimpse of him, whether he talks to reporters or lawyers do. we're on it. that is not a market-moving event. much like the shutdown, it is just noise. right now, what is propelling the stock market relatively good earnings, relatively improving global sentiment, that we might not be the best fame game in the world, but we're certainly the tallest enough dwarf in the room, and that can get you enough buyers to dismiss all these other concerns. more after this. ncial stress to. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied.
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neil: roger stone is talking with his lawyer. he face as seven-count obstruction of justice, making false statement, witness tampering, the kind of stuff if found guilty can land him in prison for rest of his life. let's listen in. paid 250,000-dollar bail. [shouting] [inaudible] >> [inaudible] we're going to win this case. let me start out by saying that the spectacle this morning was completely unnecessary. everyone knows where roger stone is. he is not in hiding. the spectacle this morning with a s.w.a.t. team breaking into his house, searching the house, scaring his wife, scaring his dogs, completely unnecessary.
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a telephone call would have done the job and mr. stone would have appeared. but let me let roger speak for himself. there is nothing to hide. he has nothing to hide. and he has spoken before and he will speak to you. roger? [shouting] >> thank you. [booing] >> as i have always said, the only thing than worse -- is not talked about. after two year inquisition, charges relate in no way to russian collusion, wikileaks collaboration, or any other illegal action in connection with the 2016 campaign. i have been falsely accused of making false statements during
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my testimony before the house intelligence committee. that is incorrect. any, any error i made in my testimony would be both immaterial and without intent. i find it disturbing that the special counsel's office released a press release prior to informing my attorney that i would be charged today. this morning, at the crack of down, 29 fbi agents arrived at my home with 17 vehicles, with their lights flashing, when they could simply have contacted my attorneys and i would have been more than willing to surrender voluntarily. they terrorized my wife, my dogs. i was taken to the fbi facility. although i must say the fbi agents were extraordinarily courteous. i will plead not guilty to these
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charges. i will defeat them in court. i believe this is a politically motivated investigation. i am troubled by the political motivations of prosecutors and as i have said previously, there is no circumstance whatsoever under which i will bear false witness against the president, nor will i make up lies to ease the pressure on myself. i look forward to being fully and completely vindicated. reporter: special counsel's office, any way cooperate with the special counsel's office? >> since i was not contacted prior to the charges today, my lawyers have not talked to the special prosecutors i don't want to address that question. but i have made it clear i will not testify against the president. because i would have to bear false witness against him.
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[inaudible] i will be appearing for arraignment in d.c. next week. i will address those questions at that time. reporter: [inaudible] what do you think he meant by that? >> i intend to tell the truth. i have told the truth through this entire proceeding. and i will prove that in a court of law. reporter: how strong of -- reporter: are you asking the president for a pardon? >> i'm one of his oldest friends. i'm a fervent supporter of president. i think he is doing a great job making america great again. reporter: did anyone from the trump campaign tell you to contact wikileaks? >> no. i addressed that before. that is incorrect. reporter: if you are convicted you think the president will pardon you? >> pardon me? reporter: if you were convicted do you think the president would pardon you? >> the only person i advocated a pardon for is marcus garvey. reporter: [inaudible]
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russians to help president trump. >> categorically, categorically not, no. >> we got your back, roger! reporter: [inaudible] >> you haven't read the indictment? >> my attorneys have. i have not. reporter: [inaudible] >> i will address the questions next week in washington, d.c. reporter: what do you think you will hear? neil: you've been listening to roger stone who insists he is good friends with the president. admirers the president. is doing a good job. not looking for a pardon. the outside of a fort lauderdale courthouse where a judge accepted 250,000-dollar bond as he awaits charges on seven counts, including everything
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from obstruction of justice to witness tampering, making false statements under oath. the white house already insist ad lot of the charges, linked to him, don't have anything to do with the president. on that, by the way we're waiting for rose garden event at the white ostensibly to get into the ongoing government shut down. some questions on the roger stone charges today, would likely, come up. but, this judge involved in the case, obviously deemed that mr. stone was not a flight risk. stone telegraphed this moment would come, taking great offense to the way the feds stormed his house early this morning. that is not unusual or unprecedented. but in this saga, with this, with all the characters around this so-called russian collusion mueller effort to sort of get to the bottom of what happened in the 2016 campaign, while they have done so to go to their homes, in paul manafort's case, michael cohen's case, prior, we have never seen anything like
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this. where one of the key players or the alleged key players was arrested at his home in early morning invasion of his home. so we're seeing that roger stone saying he is innocent. he will fight for that. isn't look forge a pardon. charlie gasparino with me now on all of this. crazy. >> i know roger stone very well. full disclosure. friendly with him. consider him a friend of mine. reported on him as well. i had dinner with him in the summer and he was convinced he was being indicted at that point. what he was convinced he would be indicted about is ancillary stuff. he is pretty much on the money on that. they interviewed about two dozen people around him, you know, his alleged mistress and not saying he has one, but someone they thought was. gardener at his house, you name i had, they interviewed everybody. thought they were going after tax evasion, paying his people, disclosed it. they did what is known in legal
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circles as proctor & gamble technology -- proctology exam on him. whether he could conspired with julian assange. whether there was quid pro quo, whether they would break into the hillary clinton's database, reveal it, whether he gave money or in exchange for something that is collusion. this pre-dawn raid, someone who covered a lot of white color crime. neil: stolen e-mails -- >> if he had a role. neil: that is what mueller's seem says is at crux. >> own more if he had a role -- you have to ask. neil: shared with higher-ups. >> ask judge napolitano about this, i'm not a lawyer. if he spoke to julian assange, listen, julian, can you get some emails from hillary clinton, john podesta and julian assange said sure, gave it to him. i don't think that is crime.
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neil: as he said a number of times wouldn't flip on donald trump. >> said that. neil: told "politico" earlier this month, he would have nothing to flip on because he insisted on his innocence, quoting here, because there is no crime. >> he would have to pay for that. now, exchange a favor for it to be a real crime. now something is afoot here obviously. the feds belief he has, keys to the kingdom to donald trump. that is why they raided his home. i will tell you, someone covered a lot of white-collar crime, why do they do these raid? what they do generally -- neil: rudy giuliani was famous for that. >> famous for that. recent times what they do, call up cnn, cnbc, going to x, y, z's house show up with a camera. they actually do that i know this for a fact. why do they do this? for white-collar crime often to humiliate the guy, show the public we're going after the fat cats. to humiliate the person, target
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into talking. i think that is what they're trying to do with roger. neil: we have to take a break here. when they went after cohen, raided his home and -- >> michael cohen. neil: michael cohen, right. paul manafort, raided his home. it wasn't to grab him, you've been indicted we'll bring you to the who house, they did for him, why? >> roger was most obstinate at all. he was going public on anything. manafort was kind of cooperating at first and -- neil: they claimed -- >> he lied to them. remember when they had something to get out of it, roger not only refused to cooperate in their view, they believe he is hiding something clearly, he went, he was obstinant. he went public. he attacked them. that is when the fbi and feds really stick their finger into you -- neil: he admirers the president as paul manafort, michael cohen flipped to make a deal. >> manafort, basically leading
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up to that they say he lied. neil: can either or both be pardoned by the president? >> everybody can be pardoned by the president. so could roger. neil: do you think stone will be held back waiting for something like that? you don't know? >> i don't know. here is the problem with roger. he is such a bs artist. he is claiming that he was, you know exaggerating his connections with julian assange. by the way i was asked by sam nunberg, my name came up in some of the, in some of the exhibits, in the grand jury, i was asked by sam nunberg at some point, would you like to meet julian assange? roger is meeting with him? i was at a dinner. i said sure, what the hell. pamela anderson wants to mead me i will meet her too. this is what we do as journalists. yeah, right. but, i never like, it is just kind of like, it is not something i care that much about, meeting julian assange. more interested in the markets. at some point i said, i asked sam, i what is spoke on with
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this? no, roger is still trying to work it. i don't know if he really, if there is any evidence he really had this connection with julian assange. neil: just a little, a little heavy-handed. we'll get an idea. but probably most colorful, certainly most closest to donald trump in this whole saga is getting the scrutiny of the press right now bob mueller's office. timing is odd. whether they thought this guy would roll or suddenly start talking to them, make a deal. every indication from roger stone outside the courthouse, not happening. not yet anyway. we are focusing on that. focusing on rose garden events very, very soon. on the ongoing shutdown 35 days old. sides are scrambling behind the scenes we're told, finding something acceptable to both side. we're on top of that. wall street is it not concerned about any of this. a lot of you say why do you look
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at things through the prism of wall street? because that tells you how the bigger picture is being received, for ache and page of shutdown and it is real and palpable. what the markets seem to tell you on all these counts for now, not a worry. they could be wrong. often are, but they're not worried. we'll have more after this. they customized my car insurance, so i only pay for what i need. and as a man... uh... or a woman... with very specific needs that i can't tell you about- say cheese. mr. landry? oh no. hi mr. landry! liberty mutual customizes your car insurance so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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neil: waiting for a rose garden event at the white house this on the 35th day of the shutdown we're told a lot of people are scrambling behind the scenes to cobble something acceptable by both side. it comes down to winning overpassage in the senate, getting 60 votes there, you do that, you got it. that is the problem here. they come close, sometimes actually not even close but we'll see. go to independent women's forum hadley heath manning. hadley, is it your sense that things are percolating, maybe yesterday's votes failing though
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they did democratic measure, republican measure was start of something? >> things have been february lating. this is not the situation where you give up and walk away. it is longest shut down in history. i understand what you said before the break, neil, when we watch the economy, watch the market, what americans are doing on everything in our every day lives the shutdown is concentrated on the federal workforce. most americans feel little impact or no impact. hopefully the federal workers will be given back pay and restored to some type of normally in d.c. neil: people say whoever blinks or whatever, i notice in shutdowns, whatever happens at moment, president caving or other side, caving the nation moves on. maybe much like the markets it is reflective of this too such
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will pass. at moment might set the stage for probably acrimonious relationship between the democratic house and republican senate and president, i get that but that was already baked into the cake regardless, right? >> right. and i mean even though i think, people get sick of hearing political talking heads like me talk about the election, the next election, the next election is still a long way off, neil. we have a lot of time, there are other subjects that come to the forefront of americans minds. whether this ends up helping or hurting either side, one of the big problems when it comes to government shutdown in today's polarized political environment, neither side really has much incentive to end this, because pandering to their own base. neil: exactly. >> they can continue to keep the government partially shut down as it is and continue to fight for ultimately what they may feel is a zero-sum game.
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neil: what is so nutty about it, hadley, they agree on a lot of this stuff. i talked to steny hoyer, the number two democrat, didn't find conscience of a wall like nancy pelosi did, didn't have a problem with president speaking in the well of the house even though nancy pelosi did. i talked to a number of republicans, who heretofore said they're not doing anything on daca. they had that as part of a grand bargain they were kicking around. more than that in agreement. like professional wrestling. everyone assumes a position and character. it is almost like a comic book. insulting i think. >> it is, and you know, this is not my terminology. i read this somewhere but almost as if president trump has the opposite of the midas touch. any policy idea that he touches ultimately turns into a big problem for democrats. we do know some prominent democrats have supported physical barriers at border before. neil: absolutely. >> now they don't want to seem to put a dollar for that.
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the other is work requirements in the medicaid program. this issue had 70% support in the american public. now that president trump and his administration are trying to implement stronger work requirements in the medicaid program, a lot of people, particularly on the democratic side are opposed to idea. neil: absolutely. you know what i would do if i were president. i don't want a wall. don't you even think about a wall, right? i don't know, it is just so silly. it is what it is. hadley, you're the best. thanks for helping us out. >> thank you, neil. neil: to 1600 pennsylvania avenue. the president of the united states is expected to make some sort of announcement. we don't know who will be there. they said you might want to be here for this. so we will be, after this. alerts -- wouldn't you like one from the market
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and they just came out perfect. - [announcer] check out our huge selection of custom apparel for every occasion. you'll even get free shipping. get started today at customink.com. neil: all right. an apartment in new york city and it is not even finished built yet, going for $238 million, penthouse apartment there. that is the highest price for any in new york city property in history. market in pencil though, if my next guest is right we could see more of this, that might not justify it. jason follows this very closely and member of the president's 2020 advisory board. so he is a big muckety-muck. what did you make of this
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238 million-dollar purchase? >> it's a big purchase but i don't think representative of luxury apartment market in new york city. it is emotional purpose, ego purchase. he owns some. most expensive real estate in the country. neil: who is it owns it? >> griffin. what is fascinating neil, it will be delivered totally vacant and raw. he has to put a lot of money into the 24,000 square foot apartment. it will get even bigger. neil: a penthouse overlooking central park. a lot of big buildings are going up around there next few years. >> right. neil: while they're not going to fetch that kind of money, they will fetch big money. what is going on? >> we're in a correction. it's a buyers market. while this purchase is definitely a real outlyer for the whole country. neil: that whole area is too, right? >> that whole area is. new york city real estate has
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gone up pretty significantly over the last couple years. land values have gone up, which made developers have to price out condos at record knows-breaking prices. so, knows bleeding prices. -- nose bleeding prices. neil: breaking too. >> they will come down. they come down over the last year. the chinese buyers have left. they're having trouble getting money out of china. neil: what about russian buyers? i see wealthy foreign groups, one leaves like japanese decades ago, others come in, do you see anything at that like that? >> there has been waves but overseas buyers in general pulled -- neil: so the market will go down from here? >> right. neil: so the fallout effect for everybody else would be? >> i think you buy the dip. i think you buy the dip at, the right pockets. real estate is all about location. neil: but a lot of homes in general markets, we're getting back into the normal atmosphere, they're sitting a while. prices are coming down. >> yeah. you but it's a buyers market.
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if you pick and choose your spots, real estate is local. i think you could do well in this environment. neil: interest rates stay roughly where they are? >> they creeped up in december. they dropped. we'll have to keep an eye on that. if interest rates continue to rise it will make the affordability issue. neil: these guys that buy these property, they don't go to quicken loans. wouldn't that be funny if they did? what do you mean i need more documentedtation. jason, thank you very much. we're following the president about to make a rose garden address. what we don't know. we're betting it is something to do with the shutdown, trying to find a way to get this solved after 35 days. stay with us. the busy news day. the dow up 151. what? what?? what?! (laughing) what?? what?!
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neil: all right. i know it's like waiting for gadot. we are waiting for the president of the united states. we have been promised a rose garden event. we don't know what's happening. we can safely assume it might be tied to the government shutdown, now on its 35th day. there's a lot of talk behind the scenes and now concerns that the nation's airports, significant flight delays, some grounded at major metropolitan airports, including new york's laguardia. edward lawrence on the latest from that front and what's happening. edward? reporter: yeah. we are trying to sort all of this out. the president has indicated that he would consider a short-term funding bill with a down payment for the wall. house speaker nancy pelosi
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trying to jump on any negative news to blame the president for the shutdown. on the other hand, republicans saying this is all because pelosi will not negotiate. the white house dubbing her dr. no. senator lindsey graham adding that she could block a compromise that is forming in the senate. >> i have talked to the president yesterday. this idea of a three-week cr are a down payment for border security and some democratic priorities i think is eminently reasonable. every time the president puts something out, nancy pelosi shoots it down, and we are where we are. reporter: defeat yesterday for both republicans and democrats in the senate, that glimmer of hope grew. a growing chorus of senators saying they want to move forward with that three-week continuing resolution to reopen the government. the president adamant that border security must be a part of it. that's where the democrats again have a problem. >> the problem is if he's asking for a down payment right now as
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part of the deal to open the government, that puts us in position where this could happen over and over again. say we do this quote unquote, down payment, and we opens it for three weeks, what happens if we don't come to the arrangement that he likes in three weeks? does he shut it down again? reporter: now the house is out of session right now and a lot of members went back to their districts. senator mitch mcconnell and senator chuck schumer still talking, going back and forth on capitol hill, trying to work out something, push out of the senate possibly a solution to this showdown, the stalemate for the government shutdown. again, waiting for the president to see what he's going to say moments from now. neil? neil: am i reading this correctly that nancy pelosi is kind of iced out of these negotiations? reporter: at the moment, she is not involved in the communication. it seems like this is generating out of the senate and it's only senators. it sort of started with the rank and file, then rose up to the level of chuck schumer and mitch mcconnell, who then late last night started going back and forth into the offices there and talking to one another.
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senator chuck schumer came out 13 times when he left mitch mcconnell's office, said we're talking, we're still talking, we're still talking. neil: thank you, my friend. ed lawrence. by the way, u.s. treasury yields have been rising in the wake of reports the trump administration might be seen backing a short-term government funding bill. obviously you do that, economic activity could resume so yields would climb up a little bit. just something we are watching. let's sort of hash this out with my friend, "wall street journal" associate editor, crackerjack writer. we also have republican pollster lee carter and connell mcshane. connell, where is this going? >> you have to assume by the reports we're getting, not confirmed yet, there will be some sort of agreement on a short-term continuing resolution by this afternoon or over the weekend, then i think the next question is what do the next three weeks look like? this has been a losing political issue for the president. i know it's lee's department to look at the data but we had the fox numbers the other night,
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over 50% were blaming him. so over the next three weeks, if the president agrees to this, what can he get out of the democrats so we're not right back in this same situation less than a month from now? neil: how much is this polling pressure coming into play? >> i don't think that much. i think the president has been willing to take this on. i think when you look at approval ratings of how this is being handled, 5 in 10 approve of the -- disapprove of the democrats, 6 in 10 disapprove of the republicans and the president. that's not that different. people are blaming them both right now. this is ridiculous, get a deal done. i think you're looking at things like happening today, when you are seeing airports closing and it's getting more and more personal to people. they are saying this is getting ridiculous, come on, put your self-interests aside. i do think this. i think the president is very, very focused on keeping his word on the wall, because the one thing the president has not lost in all of the polling numbers as they have gone up and down and vacillated and his approval rating has gone all over the place, 9 in 10 americans believe he will do what he says he's
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going to do, he believes in the policies he's advocating for. >> only way we get that now is an emergency declaration, right? >> if he goes and says we need a down payment, he's not backing off and saying we are going to go forward without it. i think we are not going to see a complete compromise there. i don't think he's going to back down entirely. i was surprised to see him backing down off the state of the union address. that doesn't seem in character. so anything i guess could happen. i think that number is very very important. neil: think of that, if you get a temporary deal or whatever, state of the union back on next week? i think we all canceled our hotels. >> majority of polls say the public is blaming the president and the republicans on this, and there will be a variation of this. neil: certainly reflected in the gop pow-wow in the senate. >> are you beginning to see senators voting for democratic proposals as well. look, nancy pelosi still has the president where she wants him, committed to this structure,
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this wall. a down payment on the wall in any agreement, that's what's being proposed, what does that mean? you could see that as an offramp, neil, maybe what they end up agreeing to is more border security funding and that could be for drones, for people, for facilities, with no mention of a wall, and that is used by the president perhaps as kind of a political fig leaf to sort of bring it up again later on. but nancy pelosi sees no political gain in giving him what he wants out of, you know, his campaign promises, and at a certain point the population is going to say a pox on both your houses. that's what she has to worry about. neil: the "wall street journal" is indeed reporting the president is considering a three-week stopgap spending bill that would start today and would reopen the government while negotiations over border security funding would continue, including that aforementioned wall. the white house is making
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tentative plans to get ready for this and has apparently got broad backing by republicans, that would seem to be obvious, but again, it would beg the issue, connell, this is the original plan that the president himself nixed when mitch mcconnell, you know, was ready to go with it. >> he backed himself into a corner. if you step back and look at what we have gone through here over the last month, you're right, the president could have had this particular deal, that's why i'm saying the next three weeks will be interesting because i don't see, and from what you're saying, the "journal" is reporting it's not in there, what the motivation would be. you step back and not try to take a side on it and you say what would be the incentive for democrats to give him this down payment on the wall he wants so badly right now, and i just don't see one. because the public again is blaming the president more than they are blaming the democrats, and if we get to that point where they are all being blamed equally, i don't know where that line is. we're not there yet. right now the president is taking more of the blame. from nancy pelosi's point of
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view, she doesn't have the incentive to go there. neil: we are hearing in another 23 minutes, the rose garden -- first time they attached a time to it. we have been showing the white house because you never know. now it's going to be 1:30. that is the understanding we have, that the president has cobbled together a deal that he believes will get widespread support. what if it doesn't? >> if it doesn't at this point, this is going to be trump's problem. i think that he's got to put something together now. there were moments when the democrats, it could have looked like it would be their fault because of things they were not willing to come to the table but at this point, democrats have come to the table. they are putting something out there. i think if -- neil: nancy's not invited to that table for the time being. i just find that interesting. i understand this is a senate issue, that's where it goes where you need the 60 votes. i get that. i also get, having talked to steny hoyer and some of the others, he doesn't find a wall to be immoral, he had no problem with the president speaking at
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the house. i understand there's a fight going on there but even senator mark warner was telling me, look, walls and things that i voted for in the past, i don't see as a deal breaker, we just don't see it as a priority right now. daca's a priority. i'm wondering whether they are icing her out. >> it could well be. i wouldn't be surprised based on this president's reputation and his character that he would be icing her out at this point based on the exchange that they've had very publicly -- neil: wouldn't that be risky, to john's point? >> of course, it's very risky. this is extremely risky right now, what they're doing. but this president is known to be very, very risky. neil: what would happen if they vote on something like this, and it would start in the senate and then go to the house? that's where she becomes extremely relevant. >> of course. she probably backs chuck schumer. schumer is sort of the front on this, maybe kind of a convenience thing. at the end of the day, you need to have nancy pelosi buying into this. it will be interesting to see what the president says, if he does come out and speak today,
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and how he's kind of framing it because we know that, you know, look, he's again, not on speaking terms with the truth all the time, and he may be trying to spin what ends up being something that does not commit congress to the wall. 2020 is around the corner. we have talked about this. this is about the 2020 election. the democrats are not going to give him this political win when he's backed himself into the corner, and they feel that he's kind of holding the government hostage -- neil: democrats are, too. they get a sense, a pox on both their houses, things that the democrats were for in the past, they're not there. but they were a lot closer. i compared it to professional wrestling. but it's not really. >> the democrats are willing to take that hit politically, whatever that hit is, because -- neil: they are in the right here. the polling right. >> they think they have the advantage politically because the president has a choice between bad and worse here,
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because both situations, whether -- if he agrees to what we think he's going to agree to today, you know, that creates issues for him with his base, and everybody keeps bringing up the ann coulters of the world, how they will react. so he agrees to open up the government but doesn't have the money, hypothetically speaking. but what do they say tomorrow? now he has three weeks to come up with that. if he doesn't agree and keeps the government shut, his numbers will only get worse and we have situations like we have at the airports today. the choice for the president is a bad choice on both counts. whatever hit the democrats would take, they are willing to take because they know that. neil: also, this might come up, if he allows questions, his former top confidant, long-time friend roger stone, of course, who is in the courthouse today facing seven counts that including everything from obstruction of justice to lying, witness tampering, all that. something that if found guilty on even half the charges could keep him in prison the rest of his life. roger stone, this might surprise you, did address reporters and talk to them after coming out of
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the courthouse, saying that he is not going to rat on the president of the united states, isn't looking for a pardon, that the president is still his friend. we will get a sense from the president if he speaks or answers any questions whether it goes both ways. more 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. fidelity. i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal.
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neil: all right. a rose garden event in about 15 minutes. we are getting word and the "wall street journal" is reporting this could be about a short-term solution to reopen the government, to deal with over the next three weeks some of the issues near and dear to the president, including that border wall funding that he wants. but we don't know for sure. anything can and likely will happen. doesn't blake burman know it. blake, what are you hearing from the white house? reporter: one of our sources telling fox from one of our reporters up on capitol hill that what we very well could be hearing the president detail here in about 15, 20 minutes or so, is a short-term deal that would reopen the government. according to that one source, it would potentially open the government until february 15th so that would be another three weeks. there would not be any wall funding attached to it. then after that, if there is no sort of deal, that relates to the wall, then the president could potentially declare a national emergency to try to get the money that way. if, and i stress if, that is what we are about to hear from the president, that would no doubt about it be a complete 180
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degree reversal from his stated position. remember, it was just a couple weeks ago that lindsey graham, who has the ear of the president, suggested there be a short-term three-week deal and at the time on january 14th, the president said this of the prospects of a three-week deal. quote, he said i did reject it, yes, i'm not interested. i want to get it solved. i don't want to just delay it. but now we are led to believe at least according to one source that there very well could be a three-week deal, something that the president rejected just a couple weeks ago. the breaking point here seems to have been the president's proposal that was resoundingly defeated in the halls of the senate yesterday along with the democrat proposal that was defeated as well, but then you fast forward to today, and you've got government workers, some 800,000 of them, missing a second consecutive paycheck and then you look up by you to the airport there in laguardia, and the big-time delays that were at that airport there because of the many workers that had been
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calling out sick because they weren't showing -- they were part of this shutdown and many of them had financial needs that meant they had to call out sick and stay at home. so where are we right now? got to run over to the rose garden because we will hear from the president in about 10, 15, 20 minutes time and we expect, the belief is at least that he's going to announce some sort of way forward at least in the short term. neil: no doubt about it, your reporting is always impeccable, we are going back to the original plan that the president rejected when, you know, mitch mcconnell was putting it together for him and he had to scrap it. reporter: politically, no doubt about it, it would be a major loss for the president, considering that this has been on the table for quite some time, just as recently as earlier this month. i think at this point, the political wins and losses, the checkmarks and minuses, no one really cares about them at this point. because there are some 800,000 people and when you add into it spouses, children, folks that they care for, et cetera, you
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are talking about millions of people all across this country who are directly feeling the pain, and then when you talk about the money that is not being spent because of contracts, et cetera, it all filters through, i don't really think there's much of an appetite for politics at this point. neil: one thing we learn from these things, people move on. so for good or bad, whether you're embarrassed or not, compromised or not, whether you are deemed the one blinking or not, people do move on to the next crisis or whatever happens. thank you, blake burman. reporter: thank you. neil: we will be joining him and the president there shortly. united airlines is among those carriers saying that delays are a classic example of the impact of this shutdown. delta has said it's already causing that carrier about $25 million a month. southwest is changing some expansion plans as it waits through this. jetblue as well. to former pilot and aviation analyst, kyle bailey. thank you for taking the time. we had a statement put out by the air traffic controllers union and tsa representative unions that are saying that their people, while they don't
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condone, you know, them calling in sick and all that, they did acknowledge the pressure and the physical draining effect, to say nothing of the mental anguish this is having on them. but do you think this is a legitimate concern? >> you know, i think it is a concern. you have to remember, these air traffic controllers are working their full shift and in the back of their mind they're thinking about making their mortgage payments, paying for their cars, stuff like that, and to be an air traffic controller, you actually have to be very, very extremely focused. you don't want your mind wandering and thinking about other things. the fact it's carried on for so long, as far as air traffic controllers go, it is having an effect on them. neil: so i don't want to sensationalize this, but sadly, i have seen action by the government only after some dramatic event, 9/11 certainly comes to mind. i'm not blaming anyone for that,
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but that was the genesis for all the security we have today and the tsa that we have today. we can remember the time that, you know, congress failed to pass a rescue package for the financial institutions that led to about an 800-point falloff. they scrambled to address that market panic and voted for some relief. but my point is it usually takes a tragedy or something horrific or just big to get them to move. is it your sense that our nation's air travel was deemed to be not in danger, but compromised that brought us to this point? >> it's not in danger. pretty much what's happening, like for today at laguardia, they are basically slowing the pipeline down of airplanes. they are doing a ground stop which is similar to what would happen if you were coming from florida on a clear day in florida and it's bad weather in new york city, they will issue a ground stop which slows everything in the pipeline down. it doesn't mean anything is unsafe. they are just simply slowing
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everything down in the system. but that slowing down could have a cascading effect, you know, as laguardia is a hub for delta throughout the country. but to answer your question, safety is not in jeopardy at this point. neil: all right. that's good to hear. thank you very, very much. i appreciate it. on the left-hand side of the screen you see they are getting ready in the rose garden for the president to address the country on what appears to be a resolution to this 35-day old government shutdown. they were working behind the scenes, talk that republican and democratic senators have been in communication with the president to get to this point. this resolution would fund the government, we are told, through about february 15th, but there is no border barrier funding per se. that is something the president said would be a goal, but it could be an uphill goal. nevertheless, that is the word we get, that the president will try to end this by saying they've got a three-week extension to work out these differences. again, no assurances for a wall. more after this. i don't know what's going on.
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neil: all right. a few minutes from hearing from the president of the united states, we're told he has cobbled together a temporary extension to keep government lights on or to resume their lights on, depending what part of the government we're talking about here. but without guaranteed funding for a wall. we are also hearing separately from a senior house democratic aide who says any u.s. house vote on friday, it would come friday, if it does, today, would depend on whether that funding bill was clean, in other words, that it was not contingent on or provided funding for a wall. to retired u.s. army lieutenant colonel danny davis. if it turns out -- always good having you, my friend -- if it turns out this is not inclusive of a wall or funding for a wall, at least not yet, they will try to cobble that together in the next three weeks, what would you think? >> well, i am kind of in
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agreement with some of your previous guests here in that it would be very unfortunate for the american people, irrespective of where you fall on the political spectrum because the ironic part is when you look at what president trump is saying and what the democrats have said, they are 75% in agreement on what needs to happen in terms of some fencing, some electronic, some personnel, and the idea is that we should work together to provide security for our country, because that's what we actually need. let's agree where we agree. spend that last 25% knocking out the parts they don't agree on. neil: you know, it's interesting, we don't know a lot of details so we are making a leap here but this sounds a lot like the original measure the president rejected back in t december right before the holidays. so if you are a democrat on this, you are rubbing your hands together saying all right, he blinked. did he? >> right. and you know, honestly, it's kind of unfortunate again
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because there's so much politics involved with this, because this was actually even closer to that, the deal that was aligned up before the government was ever shut down. we could have just gone on with that originally and then worked on until february 8 i think was the original date. neil: you're right. i forgot about that. that would have been a better deal, you're right. but there are some people that maybe, you know how these things go behind the scenes, there were concerns about our nation's air traffic, safety issues, the delays we had at laguardia today, similar to delays, 1 out of 10tsa workers not showing up, sick-outs and the rest, air traffic controllers, not in those high numbers or ratios, similarly stressed and under duress, that that came into play here. just safety issues. >> well, in addition to that, this affects so many people, and so many people are paying a price to decide or to watch to find out who's going to quote win, whether it's the democrats
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or president trump, and all that's pretty clear is the people are going to lose no matter which side comes out on top. that's one of the things i just really wish that both sides would come together and recognize, y'all can throw mud at each other and knock it out if you want but don't make the people pay for it one way or the other, because what's been clear from the very beginning is this is going to be resolved at some point and the question, the point is, you could have resolved this before causing people to pay a personal price. and you know, especially we have heard a lot of the government workers are going to get back pay but the contract workers aren't going to get anything. many of them just lose a whole month's salary. that's just not fair to ask them to do that. neil: always good seeing you, my friend. thank you very, very much. danny davis, defense priority senior fellow. pretty savvy business guy in the fast food business. anyway, really, good seeing you, my friend. you know, obviously, this is
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having an effect on the economy. the president's economic adviser saying we might have no growth at all this quarter because of this. you make up for it when things resume, i get that, but how much you think this is having an effect even on people eating out, doing their normal thing? >> what's not measured and not measurable is the uncertainty of the consumer, the people that eat in new york city have nothing to do with this, they're worried. they're concerned. they don't understand it, and understandably, they don't understand it. it's the working man. it's the guy -- neil: psychologically, going out to eat at one of your restaurants, does it get that basic? >> it hasn't as of this moment. it does in terms of ordering, yeah. they will order a cheaper dish. we are such a great measurement of the economy, appetizer, entree, dessert, you get it all. neil: i force my kids to cut back but i don't. lot of people do. >> i only see you on tv. i haven't seen you in person.
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neil: now let's say this is resumed, the government goes back, but people are going to be gun-shy, aren't they? >> not only gun-shy but what's not measurable is how many service providers for bases, for areas that people eat in ordinarily, will never recover. we don't fortunately depend on that. in fact, what i have been evaluating is how can i give a few meals to all these workers that are out right now. neil: good for you. >> absolutely. we are trying to figure the logistics of that sort of thing. neil: you and i talk about this, whether it's democratic inspired shutdown, republican one, who gets the blame, but it's silly. you can't run a business that way. yet this is more common than not. >> it's unconscionable. it's the only way to describe it. it's unprecedented, unconscionab unconscionable. my heart really goes out to not just the workers themselves which it really does. all the feeders of those people, not food feeders, necessarily, transportation, uber, all the
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people that depend on 800,000 plus people. neil: how do you think the economy's doing all of this notwithstanding? >> well, i think the consumer, all this notwithstanding, is a bit more cautious but he's still in there. he and she are still in there, still in the game. we need something good to happen. not this. going back to work might be good. i don't know, if we employ 800,000. they are looking for something good. the economy overall i would say is cautiously optimistic. neil: let me get your sense, then, i have always told people whether you are into this government shutdown or not, whether you think it's a big deal, you think it's an annoyance depending on your perspective, if you are a market guy you say it's not having any effect, but i do think the bigger picture is it does set the stage how things will go the next two years. not much is going to happen. i'm wondering what you as a business guy, you look at the economic environment, it's been pretty good, but whether that's compromised in the process. >> it is. i think the simplest one word
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answer is concerning. it's concerning. because what's next is who knows what's next. and the euphoria of the tax cuts which were just a year ago, by the way, people don't realize it was february that they actually went into play. neil: you think virtually everyone of import in the democratic house wants to raise taxes. not necessarily the top 70% level congresswoman cortez does but they want to raise taxes. budget committee chief coming in, raise the corporate tax to 28%, you hear all these presidential candidates who want to tax wealth. she's doing a beeline for you, by the way. what do you make of that? >> it's a very different environment. what goes up, comes down. tha as that euphoria increase is taken away, it will be an upside down u. people have gotten used to spending that a little bit. it's not a little bit, by the way. neil: their argument is the rich don't spend as much, the middle
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class, poor folks who will get some of this -- >> their argument is take all the money from the rich, too. it's wonderful until they run out of money. it's a good thing they do. look at venezuela. but i think that if they increase taxes and we deal with the sweet spot of our population in the country, it would be devastating to the consumer. you can't take what one has gotten used to spending. if you go to the movies and you are only say $30,000, $40,000 a year income and they say oh, they only get $900, $900 to you, mr. whomever is saying it's only, is only, but to the people receiving it, huge. neil: you are absolutely right. thank you very, very much. zane tankel. they do love him because he's good to them. what you are waiting for is to hear from the president of the
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united states. he is going to announce, we are told, a way to end this government shutdown after 35 days. the odd thing about this, we are told, is it will very, very closely look like the original deal that he turned down back on december 22nd that started all this. be that as it may, whether you argue this is someone blinking versus someone caving in, one party has the advantage or not, the good news could be that the shutdown ends, that a lot of people who have not been getting paid will get paid, then we are three weeks debating it all over again. more after this. (nationwide jingle) you see brad, songs are really about big life moments. baby shower here. big. life. moment. what is in here? ohh! oh, i hope it's a life insurance policy. what? it's a sensible gift. protection for you and your family, nationwide has all the tools to help you find the right coverage. tiny baby shoes. so close. (peyton) makes no sense. babies can't even walk. should have been a life insurance policy. plus it would have been a great song.
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neil: all right. we're minutes away from the president of the united states addressing the country. he will likely take questions as well on ending this government shutdown after 35 days, with a measure that comes very close to the one he rejected back on december 22nd, maybe not, we don't know all the details. he will likely also be asked if
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he is allowing questions, about the prosecution take coming down on his long-time confidant and friend roger stone, who spoke well of the president even though he faces seven counts that could land him in the slammer for the rest of his life. on everything from obstruction of justice, witness tampering, lot of messy stuff. roger stone making it very clear that he isn't going to say anything bad about the president, isn't looking for a pardon from the president. let's get to former prosecutor justice department official james trusty. james, what did you make of the whole stone thing and the way it went down this morning in florida? pretty unusual, isn't it? >> a little bit, but here's the rub. he's charged in a white collar case where he's had attorneys talking to the government so in a lot of circumstances, although there's no statutory rule here, a lot of circumstances, you would be allowed to self-surrender. it would be a phone call to the lawyer saying hey, jim, bring your guy to the courthouse steps tuesday morning at 8:30 for processing. that happens a lot in white collar cases although it's very discretionary. here, the rub is that there's an
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obstruction charge and when the government thinks you have obstructed justice, that's a real difference maker. look at manafort. he didn't go to jail until they alleged the obstruction part. neil: all right. manafort's home was raided, michael cohen's home was raided. separately, later on, they were brought up on charges and the rest. this was, the home was raided and then he was taken away. what made stone's situation so unique he got that kind of special treatment? >> i think the raid part was kind of already taken care of. they obviously already possessed incriminating e-mails. he's telling them i didn't have e-mail communications, so he's created kind of the easiest false statement case you can come up with, other than sworn testimony being opposing, but here, he said i never have e-mail communications, they have the e-mails. they probably didn't feel the need to do too much in terms of executing a search warrant at his house, but again, the obstruction is why they showed
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up in uniform or in vests and guns because they were executing an arrest warrant pre-dawn at someone's home. neil: obviously cnn had video of this early this morning. you think someone tipped them off? >> great question. hard to know. i would be disappointed if anybody associated with the mueller probe was tipping off that kind of information. but i also think it's probably pretty clear that cnn has been stalking the grand jury and so if mr. mueller pulls up in his car in recent days, they might have realized it's time to go look at the stone household for awhile. neil: you think the president would pardon roger stone? >> another great question, and who knows. i mean, it's very fluid in these circumstances in terms of the loyalties and the relationship. remember in the beginning when michael cohen was charged, there were all sorts of pledges of love and loyalty in both directions. by the end, president trump was probably willing to write the sentencing memo for southern district of new york, saying what a scoundrel cohen was. we'll see how it shakes out, but for the time being, obviously
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they are a united front. neil: i don't know what you make of the number of people who have been charged and largely lying seems to be the link, whether it's michael cohen or paul manafort or roger stone or george papadopolous or rick gates, all these others, lying, lying, lying to the fbi, lying to investigators, misrepresenting yourself before a committee, some involving lying about contact with russians, others about lying about business dealings. what do you see developing there? >> well, i think there's a lot to that. part of it is that these are essentially failed flips. in most circumstances, the public cooperators that we are hearing about, the manaforts, cohens, flynns, they haven't done all that well. manafort is alleged to have breached. cohen didn't get much credit for his failed cooperation. stone looks like they were trying to get him to cooperate before they finally charged him. ironically, the guy who has probably done the most for the government publicly would be flynn, who has the most serious
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questions about how he was processed in the -- how he was prosecuted in the first place. so they are kind of silver medals. the government is not racking up cases that we are seeing that show collusion. they certainly indicted some russians for their attempts, but right now, you are kind of settling for crimes that occur in front of your face but don't actually move the ball forward on the bigger picture. neil: by the way, the russians we have gone after, these 13, i remember when this was very early, it's not as if the russians will allow them to come here and go ahead and face the music, right? >> no, i would not hold my breath. in fact, that case was unsealed the day before they announced it or maybe even the same day. so that tells you they have no expectation of luring these folks somewhere or having a successful extradition process with russia which just isn't going to happen. neil: final dumb question. why, given the experiences in some of these charges, especially those who were encouraged to cooperate with the mueller probe and seeing how they are treated afterwards, why
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would anyone want to cooperate now? >> it's always a very personalized decision, and it's the pros and cons. how much are you looking at in terms of disruption to your life, expenses of lawyers, jail time, and you know, can you live with that kind of record and that kind of risk of going to trial, or do you want the certainty of accepting responsibility, getting a discount on your sentence -- neil: what about looking for a pardon? >> yeah. neil: it would be a long list, wouldn't it? >> yeah. that list is getting bigger and bigger. i don't know. that's a tough one. the pardon process normally is a pretty bureaucratic one, but with president trump, he's shown a lot more willingness to jump in and take it by the reins. so it's a little bit of a tough bet if you are representing somebody who is hoping for a pardon. neil: you really know your stuff, young man. thank you very much. >> i appreciate it. fooled you again, neil. neil: there you go. we are minutes away from hearing what the president of the united states is going to say. take a quick break and get back to the president of the united
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states on helping out some federal workers pay theirs by shutting this shutdown, down. air velocity is reading at fifteen fpm. why would you need to learn every detail about a company? firmness... nine. it's how ibm services helps retailers around the world drive growth and save millions. he's very into this. yeah. is that the standard amount? yes. feels good. when your partners are obsessed with business and technology, you can put smart to work. wat t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story.
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action, for at least another few weeks. this will not secure border wall funding that was near and dear to him. nevertheless, it will mean an end to something that has disrupted some of the economy. kevin hassett at the white house was among those saying that it would mean potentially no growth this particular quarter. it would be made up for in future quarters. the markets, as i have been saying throughout this, have actually gone up. the dow, s&p and nasdaq up double digits since all this started back on december 22nd. let's get the read now from market watcher michael lee. what do you think the markets were telling us through all of this? >> that what we got from the end of september up until christmas eve was just an overdone selloff, and that growth fears going into 2019 were a little too great. look, the shutdown, i mean, if you're working right now and not getting a paycheck, that's terrible, but in the grand scheme of things, i don't think it really moves the dial for
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overall growth in the entire country unless this were to continue on much longer and if it does continue on much longer, a lot of government employees in theory will go out and get private sector jobs, which will then increase productivity and increase -- could in the end be a net positive for the government but that's if we were to continue on much, much longer and it doesn't seem like that's going to be the case. neil: do the markets just struggle when they look at government disruptions? they're not fans of the market -- a lot of them were after the meltdown when they wanted a lot of help from the federal reserve and others to bail them out, but by and large, it's in their dna not to care, right? >> well, you know, you go back several years to the quote unquote, fiscal cliff, and how much we lost from that, and that just raeneally ended up being a non-event. i think this dysfunction in washington is a little bit of the new normal. it doesn't seem to be affecting the market in any way, shape or form. i think since the government shut down, the s&p is up like 14% which is no small amount.
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so look, it matters, but it's very much secondary into growth expectations going into 2019-2020 and corporate earnings, that sort of thing. neil: how do you look at how this affects the president? say what you will of him, some of the controversies, he's been good for the markets, been good for the economy, done a lot of things you and your colleagues like, like getting rid of regulations, lowering taxes. we are in an environment now where at least in the house, that could all be changing. what do you think? >> so look, nontraditional president, right? i think the reason why you have a nontraditional president is you have one of the greatest economies we have ever had in the country. household net worth is at or near all-time high. you have a million more jobs available than people looking for work. this has simply never happened in this country. less than half the people who live here don't have $500 saved. whenever you have that sort of situation when you literally have a country of haves and have-nots, you will end up with someone like donald trump or someone like bernie sanders, but it's going to be some sort of
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populist from either side, nontraditional candidate. i think because large swaths of the country have not participated in the recovery. so you added ten million or so new jobs since the great recession in the obama administration, i think nine million and change went to college graduates, a million or so of those jobs went to people with some college education, and people with the high school education were flat and people without a high school education were down several million jobs from 2007 to 2017. so we are in really, really interesting times right now, and that's what's brought forward with a president that's very much different than anyone else we have ever had, and until that sort of changes in our neil: what is your biggest worry right now? >> oh, that, you know, it is hard to say. i'm not worried about much, right? that the markets focus goes overseas that the growth abroad
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is not what it is like here. people stop looking how good things are in this country. that we stop if we were to lose our mettle with china or so, which seems to be working, seems to pushing them forward to open their markets and as we push them forward to open up their markets, over time their economy will be much, much stronger, in tern will not only benefit us, will the american companies get to prosper from growth in china, their growing economy will benefit the entire world economy which in turn benefits us. if we were to lose our mettle with the trade talks with china, that is something that would worry me. the shutdown, wall, no wall, it makes for good tv, but from an investor standpoint for our clients with individuals, it fills the newspapers and people hate the president hate it, people that love him, love it. it is just noise. neil: you see it in the numbers. the numbers are proving what you're saying. thank you, michael, very, very
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neil: after 35 days is ended so we're told. the president of the united states is going to address the country very soon. he was supposed to almost an hour ago t was delayed to 1:30 p.m. eastern time. close to 2:00 p.m. right now. we're told that the president was very interested in doing this when charles payne was on
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the air that will indeed be the case. i toss to my friend and buddy, charles payne. i don't know if ends permanently today but what do you think. charles: this is on like halftime. i hope it is not complete halftime go another 35 days. people are saying he will do what he some people call caving and some calling compromise. i'm charles payne. this is making money. president trump will speak at the moment now, the news is, the speculation is there will be a temporary end to the government shutdown to give more time for negotiations. meanwhile government workers will hopefully be going back to work and getting a paycheck. meantime, we started off the day amazing. a major rally on the stock
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