tv After the Bell FOX Business January 25, 2019 4:00pm-5:00pm EST
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anything. [closing bell rings] i think at some point the market will slow down and i think there is difficulty making all time new highs at least in the foreseeable future. we go higher. we back off. hold above the december lows. i think that is encouraging. liz: ralph, thank you. "after the bell" picks up from here. have a good weekend. susan: happy friday. rally on wall street. three major averages ending in the green after wall street reaches a temporary deal to end the shutdown. ending up 170 points higher. extending gains for another week. s&p 500 ending the day in the green, snapping a four-day winning streak. nasdaq ending the four-week winning streak, longest streak since 2017. i'm susan li in for
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melissa francis. connell: i'm connell mcshane. here is new this hour. plenty new. the united states government getting one step closer to being open for business but only temporarily. president trump agreeing to a continuing resolution to fund the government until february the 15. one big thing is missing from that though, from the president's perspective. border wall money. didn't get any. border fight is paused but could be far from over. we'll take you live to the white house with details from capitol hill, with reaction from lawmakers on both sides of the aisle. we're talking to forbes media chairman, steve forbes about the economic impact from the shutdown. susan: let's get back to the markets. a positive session to cap off the week. the dow ending in positive territory for the fifth street week. let's get to gerri willis standing by on the floor of the new york stock exchange. gerri. >> what a day today. the president's speech taking 65 points off the dow. it was up 306 points.
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now just up over 175. s&p five up 21. the dow is up five weeks in a row for the longest streak since august. let's talk about the stories that move the dow. fed balance sheet. traders talking about federal officials considering maining larger portfolio of treasurys than originally anticipated. that would be good good for stocks, good for the economy. apple, boeing, 3m, caterpillar all reporting earnings next week. this could portend good things. keep in mind u.s.-china trade talks are the agenda. these companies rely on china for a good portion of their earnings. an important point i want to make, the brady 23, that index of trade stocks we've been tracking they are almost all higher this week ahead of those trade talks. you want to keep an eye on that
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going forward. guys, back to you. susan: gerri, have a great weekend. connell: it is a light at the end of that tunnel. president trump announced a short time ago he reached what he characterized as a deal with the democrats to reopen the shutdown. the plan does not include funding for the border wall. the president backed down. blake burman at white house. reporter: pretty good summation there. the day 35 the democrat agreed to demands of democrats. the president will sign a stopgap spending measure, three weeks, opening up the government. the hill will take up the votes shortly later in the evening. however that legislation will not include any money whatsoever for a new border wall, or at least new border wall. the president saying today though, that if, over the next three weeks there is not new funding if a deal can't be reached on a border security
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package, then at that point he threatened declaring a national emergency. >> if we don't get a fair deal from congress, the government will either shut down on february 15th, again, or i will use the powers afforded to me under the laws and constitution of the united states to address this emergency reporter: roughly 800,000 federal workers will indeed miss their second paycheck today however, they're guaranteed their back pay. not only this paycheck but the one they missed two weeks ago. the president said that will be coming very quickly. it will come as soon as possible. no exact time frame when exactly those federal workers will recoup the back pay that they deserve. connell. connell: blake, let's bring all of this to market panel.
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david dietze and john lonski. david, let me start with you, let me start with what the market appears to be reacting to, not the deal on the shutdown or some of the other geopolitical events out there, but strong corporate earnings, intel no with standing. companies seem to be reporting some pretty strong figures. what do you make what we're seeing so far from corporate america? >> absolutely. what i would like the strong earnings are not just in some big cap tech names. i would call them the legacy generals. proctor & gambles, ibms, the big banks. all of them beaten expectations. i think that is giving a great deal of confidence to investors across america, that indeed what wee saw in q4 in terms of stock market selloff was excessive. that the, we're not going into recession. and companies are still making money. so i think it's a real positive thing for going forward. connell: let me borrow one of
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david's words, john, is confidence. that we'll be back open as blake was just telling us but now we have other issues to deal with. we hear from more companies, big tech companies will report their earnings, we have a sense what they think of the world and china trade talks, get a sense of progress there. what are you looking for? >> there is still a lot of uncertain i out there. we want to consider situation with china, economies slow down of china, europe and japan. more over let's not forget we have very low unemployment rate. when we had less than 4% unemployment rate, time and again so happened, that the economy got itself into trouble 12 to 18 months later. so sometimes good news can be the harbinger of bad news. but i think it is important earnings keep growing. companies have control over costs. and at moody's what we noticed oddly enough, late-stage of the business cycle, some companies are deleveraging.
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deleverageing perhaps will have the effect of lenthening the stay by this current business cycle upturn. susan: let's talk about earnings. because we have some big tech names reporting next week. amazon, apple, microsoft, facebook. david so far 75% of s&p 500 companies have beaten. is that encouraging for the big tech names? >> i think so. of course how they do will be so important for the over all health of the market. they are such large components of the zip -- s&p 500 and nasdaq. the one common thing since tech is so globally exposed what are they seeing in terms of international trade? what is their outlook in terms of china. the tough thing is they don't know anymore than the rest of us. you will find good earnings but cautious outlooks. it will be interesting to see how the market deals with it. susan: consumer confidence and how the market rolls on rest of the year. john, i think federal reserve moved the markets the most
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saying we'll hold on to our treasurys a little bit longer. >> they will allow less treasurys to enter the public marketplace. that means long-term interest rates will be lower than otherwise. that ought to be good news for housing. by the way, mortgage applications for the purchase of a home have picked up considerably the past couple of weeks. my goodness, if that is a sign of things to come, then housing could be staging a recovery in 2019 thanks to lower than anticipated treasury bond yields. keep an eye on that. i think the fed will take a much more cautious approach. we have the fed meeting next week. that is on january 30th. i believe in that policy statement they will indicate that they are willing to pause and wait and see if these negative uncertainties play themselves out. susan: okay. david and john, happy friday. thanks again. >> happy friday. neil: what a friday. boy, we have a lot more to do. it was quite a day. at least for now, president
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trump reaching an agreement with congressional leaders to temporarily reopen the government but without initial funding for the wall? does all of this last? the president says declaring a national emergency over border security could still be on the table. guy benson, "town hall" political editor coming up next. susan: the longest government shutdown in history coming to a temporary end but critics fear the damage is already done. are they right? steve forbes, forbes media chairman, coming your way. ♪ drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands?
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at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. connell: you heard from president trump earlier in the day today with the agreement to end the shutdown. so what are lawmakers saying on capitol hill about all of this?
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get to edward lawrence in d.c. with the latest reaction. i'm sure there is plenty of it. reporter: this will move quickly. the bills to open up the federal government could be on the president's desk tonight. bipartisan senators got together two hours ago after both republican and democrat plans failed. chuck schumer went to senate majority leader mitch mcconnell's office, they worked last night and today to make this happen. this is what the senate offered here, what they offered last december. democrats claiming victory because the continuing resolution has no money for border wall in it. the house speaker saying she is glad the president saw it her way. >> this should not be a reason to shut it down, especially a period of time that has impact on paychecks. i am sad it has taken this long. i'm glad we come to conclusion today as we how we go forward.
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reporter: there will be a committee set up to talk about funding the department of homeland security and how much money will go forward toward as border security or wall or barrier. the committee will be made up of house and senate republicans and democrats. democrats adamant boarder funding should not be used for a wall. reports are saying white house would agree amount of money up to $5.7 billion but not necessarily have to be $5.7 billion. we could be in same spot of another government shut down over wall funding on february 15th. >> here is what i think. come february 15th say go to hell on wall, you get dollar. they basically i will not do what i did with you, bush and obama, i hope he goes the emergency route. we don't need to shut the government down. we need to secure the border. reporter: senator lindsey graham said the democrats should take the opportunity to make a deal,
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get extended protections for daca recipients and those with temporary protected status. house speaker said she would do the address once the government opens. today she says once the government is open she hopes to work on mutually beneficial date, not necessarily next tuesday. back to you, connell. connell: good enough, edward. good to hear from lindsey graham. this is essentially his idea that they followed a couple weeks ago that they followed today. susan. susan: more read from washington, d.c. guy benson, "town hall," fox news contributor, host of "benson & harf" on fox news radio. >> good to be here. susan: talk about the agreement and reopen the government, are you surprised president trump agreed to no wall funding? >> well, not really because at this point he didn't feel like he had much of a choice. he was backed into a corner. i think some of the disruptions today at some airports on the east coast added to the sense of
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urgency and the president ended up doing what i think a lot of republicans had warned all long might be inevitable conclusion if you go into a shutdown fight without a very specific plan in place, which they kind of didn't. the democrats held together. the republicans mostly held together but ultimately, i think everyone was looking for an off-ramp, particularly the president toward the end. i think his hardcore defenders will not necessarily a cave, we'll see what happens in three weeks. that is fair. we'll see what the negotiation brings about. susan: okay. >> but the number one demand for the democrats over the last month, we'll talk about border security after the government is reopened. and now that is has happened. susan: right. but the latest reports i should point out guy in the "wall street journal" saying trump administration official says they don't even necessarily need $5.7 billion for this border wall. they're willing to go for less. >> yeah. susan: what is this? is this compromise in your view or is this caving? >> a lot of people will call it a cave.
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i think there is still an opening here for genuine compromise. how many democrats came out over the last few weeks, especially last week or two, we're all for extra barriers. maybe not the whole wall but certain barriers in certain places. they might need more wall and fencing. we won't agree to it but until the government is reopened. the government will reopen. they will have three weeks to figure it out. the number three democrat in the house, james clyburn just two days ago said they were opening to potentially giving the president $5.7 billion for border security. so more money for border security but not for the wall necessarily. the way we might get to a compromise is, they give trump the 5.7 billion, and some portion of that, of the increased funding in the broader pot of money goes to some new barriers. that seems sensible to me. but i'm not sure if sensibility is going to win the day because, look where we are. susan: we're just a few weeks away from this temporary deal
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and at the end of his speech president trump says, if we don't get compromise people are thinking he might actually declare a national emergency to get the wall built. your thoughts? >> so at the mid speech, i tweeted that trump was basically saying we've got three weeks. you got to give me something. if you don't give me something, then we're going to get another shutdown or i will go the emergency route. my guess is they have been scalded enough by this shut down that he is leaning in the emergency route direction. i think that would precipitate all sorts of legal challenges. democrats are talking about a constitutional crisis. the question is, are the democrats fine with a constitutional crisis so long as they deny the president any money for barriers they supposedly support? we'll see. susan: great to have you. >> my pleasure. connell: breaking news on timing of when workers get the back pay. president trump promising the back pay to workers who missed paychex. he did not give an exact
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timeline earlier today. we got this from a white house senior official. this is a quote to fox business. the administration is taking steps to insure that they receive pay, as soon as possible, since specific payroll issues vary by agency, employees can find out more information about paycheck details by reaching out to their agency. so if that helps, there you go. reach out to your agency. susan: much-needed. these people were told to take out loans if they couldn't pay the bills. they have bills to pay. mortgages, phone bills. credit card bills, right? connell: two periods went by, a full month. susan: food on the table. not talking about the necessities. connell: yep. susan: pack your patience the partial government shutdown on verge of finally being over but the damage is still causing major chaos with some of the nation's busiest airports? can we get back on track? >> we're live at laguardia airport next. critics say this three-week deal might not turn into a
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permanent one? what happens next? chad pergram, fox news capitol hill producer, breaks it all down for us. ♪ to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. but when i started seeing things, i didn't know what was happening... so i kept it in.
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connell: shutdown shockwaves reaching airports today. one hour 22 minutes how long things came to a halt earlier today at laguardia airport here in new york. so was this kind of a tipping point for lawmakers to finally strike a deal? already, david lee miller out at laguardia, new york, with late-breaking details. reporter: the ground halt ended almost five hours ago, the partial ground halt here in laguardia, but flight delays continue to persist. arriving flights delayed hour 1/2. the outgoing flights delayed one hour. the delays we're talking about are not just limited to laguardia. they're affecting a number of airports, specifically, newark,
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philadelphia, and boston. it is affecting airports really system wide. according to fight aware today, so far there is excess of 14,000 delays. 14,000 delays, nationally. nationally today the number of cancellations 861. these numbers continue to increase. the faa blaming an increase in sick leave at two of its facilities. those facilities located in jacksonville, florida, and washington, d.c. the faa says those facilities are used to monitor high altitude flights. now the president of the national air traffic controllers association today that his membership were relieved to hear the announcement from president trump ending the partial government shut down. >> absolutely. it is euphoria. they have been going through some struggling times, and you know, i have heard some really sad stories of decisions that had to be made, of you know,
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parsing out your medication, to putting food on the table. i can't afford to come to work. i can't fill up my gas tank. reporter: travelers at lagarde yay taking delays in stride. many felt sympathy for air traffic controllers, and many blaming washington for the mess. >> i think it is fair for them them to not to show up at work if they're not getting paid. >> i put it on the politicians. they have families to feed and support. reporter: as the president was speaking today, i went to one of the airport lounges, poked my head inside and people were supposedly watching the television, but they were watching, connell, sporting events. seems many of the travelers here were looking for perhaps a little distraction from events
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unfolding. connell: lady saying only hour delay. we're used to that at laguardia. david lee miller. >> we want to thank the tsa employees coming to work despite not getting through paychecks. joining us by phone, former acting faa administrator barry val 10 line. good to have you. you heard about delays in laguardia, newark, philadelphia, some over 90 minutes. people wonder when do we get back on time? >> what is the big news out of this afternoon is the fact that apparently there has been an agreement whereby federal employees are going to go back to work and, actually, many of the them going to get paid for going back to be at work. hopefully that should relief some of the stress on the system. susan: how long will that take, barry. >> that is good -- controllers are already at work. others who may for number of
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reasons may not have been able to work, may go do so now. if they're back at work, tomorrow, or working in a day or two, the system should be back up and running, as it should normally be running. susan: some of those that have traveled over last few weeks through the government shutdown, tsa lines 90 minutes, two hours long. does this tell us we maybe need to privatize these services? >> no, i don't believe so that would be the case. that is a subject with which i'm rather familiar and not a proponent of. we have the greatest air traffic management system in the world. our controllers, our faa controllers do fantastic job making it as safe as it can be. and at the same time efficient as it can be. the northeast corridor, essentially boston to washington, d.c., as i was hearing you say earlier, is area particularly affected.
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one of most concentrated air traffic management areas in the world. when you have fewer people on the job, to be sure that you maintain highest level of safety, you have to basically slow the system down. that is what has been going on. we're all hoping now after hearing the news this afternoon, that things will return to normal for the faa folks, for tsa folks, travelers. susan: we have to learn something, barry. what do you learn in terms of making system better and less stress on it, and arriving safely? >> one of the ways you can do that federal employees remain on the job, safely doing, but also expect to be paid. susan: of course. >> air traffic controllers, you know, some of them, particularly in parts of country like washington, or new york, live among the highest cost of living areas in the country. so when they're working and not
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getting paid, certainly puts financial and personal stress on them. susan: yeah. >> that best not to get into politics but to suggest that would be great if we don't shut the government down. susan: barry, thank you so much. good to have you with us, today. barry valentine, former faa acting administrator. he makes sense. pay them so they come to work and keep us flying in the skies safely. connell: he doesn't want to get into politics. it is not overly political to say, if you go to work you want to get paid for work? susan: absolutely. connell: we have more on reopening government. bring you back towards capitol hill. chaos continues in venezuela. leadership of that nation remains blurred. secretary of state mike pompeo seeking from the state department at this hour. we'll monitor the event. and bring you any breaking details from the secretary. we'll be right back. ♪ oh... retirement.
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>> i will sign a bill to open our government for three weeks until february 15th. i would make sure all employees would receive their back pay very quickly after 36 days of spirited debate and dialogue. i have seen and heard from enough democrats and republicans that they are willing to put partisanship aside, i think, and put the security of the american
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people first. connell: shutting down the shutdown at least for now. nobody, nobody knows more about the ins and outs of all of this than chad pergram, fox news senior capitol hill producer who we have been relying on big time these past 35 days. he joins us from his perch on capitol hill. and we'll use this time around, chad, for timeline. the president says the agreement is in place. but of course, it has to go through congress. what happens next? >> sometime probably in the next hour 1/2 they hope to move this through the senate either by voice vote or unanimous consent. in senate you have a hotline, literally a hotline, old telephones. it is email. they run it past all 100 senate offices. are you guys okay on this. they have objection and somebody could come to the floor object. you have 99 people being for something, one person object, that is it. keep in mind yesterday two republican senators voted
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against the gop plan, mike lee of utah and tom cotton of arkansas. they have to get that clearance first. then it would move to the house of representatives. i'm told that would likely move by a voice vote. that is little different. those opposed everybody hollers yea and those opposed nay. the key thing in the opinion of the chairs ayes have it. that is what you hear from the presiding officer. we expect that sometime no later than 9:00 tonight in the house of representatives. you need the president to sign it. now the 64,000-dollar question is, are we back here in three weeks time? i asked kevin mccarthy house majority leader last hour, if he thought the president's threat to go to the mat again is credible? he said yes. there is very important ingredient to the measure they will move through the house and senate later tonight. we're dealing with a cr, continuing resolution. it is a bandaid to open the government on a temporary basis. all it does renew all the funding levels at the old spending figures. the side part of this is something called a motion to go
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to conference. they will actually have a conference committee on a broader border security package. deal with immigration, deal with daca. attached to that something chuck schumer majority talked about. that is all back to one. they have three weeks to figure something out. this place, connell only works on deadlines. so we have a deadline, another one. connell: we learned hard way over all the years watching stuff. that is the mechanics. you spelled it out brilliantly as usual. let me ask you a little about before we let you go about mood. i noticed senator schumer and nancy pelosi held their news conference, speaker was thanking democrats holding together, being loyal essentially to the leadership. what about on the other side. what is the mood of republicans? >> democrats are ebullient, they feel they won. kevin mccarthy i think the president put up a good fight.
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mark meadows of freedom caucus indicated he thought the president put up good fight. here is one of the key things i heard all afternoon. dan kildee, democratic congressman from michigan, i have seen people go through a big fight, have a victory lap in the rose garden. i have never seen the president of the united states go to the rose garden, have what he called a defeat lap. connell: wow. comes from a democrat, put it in perspective. but at same time, that is quite telling this was a tough day for the white house. chad, thanks. chad pergram on capitol hill. susan: taxing the wealthy. the majority of americans in favor of raising taxes on rich. how far will they really go? forbes media chairman respond to it all next. ♪ i customize everything - bike, wheels, saddle. that's why i switched to liberty mutual.
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on what chad pergram reported. the senate approved to end the government shut down, it is unanimous. it heads to the house side as chad talked about it, it should be approved there. then the government officially will be able to reopen. we wanted to pass that along. bring in steve forbes to discuss all this, forbes media chairman. and, boy, one of the things we talked about, steve, and with you and others for the last few weeks, what the impact of all this will be. it went on for 35 days. 800,000 people missed a couple of paychecks. we know it had impact on them. in terms of broader macroeconomic impact, should we get that back now? >> in terms of yes, in terms of the broader economy. finally broke the back and republicans started to retreat from the president what was happening at airports. connell: right. that looked, you know, it was on television, and it was all over the place, that other people decides the 800,000, not to minimize impact on them, but overall other people hadn't felt
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it. now they saw it today. so the president gave in here, right, is there any other way to characterize it? >> no, sadly and generals find out if your army is not with you, you have got a problem. he was being deserted by members of his own party in the senate and the house. they were feeling the heat on it. and so he had to make the best of a bad situation. connell: there was no good choice from him, from his perspective politically. now what does he do? he is backed into a corner here where you can't, maybe you can, but i find it hard to envision a situation where the speaker now suddenly says, all right here is the money for your wall. we're not back here in three weeks. he is maybe left to declare national emergency, what do you think? >> he will end up, if he wants to declare national emergency. he will not shut the government down again. nobody wants it that will end up overnight. democrats know where to go to get injunction immediately. connell: ninth circuit. >> someplace like that. district judge. it will be in the courts and he
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is not going to get the money. connell: he will not get the wall, bottom line? he will not get money he wants for the wall? >> depends on what he is willing to give up. this is where i think they could have had a deal weeks ago. connell: daca? >> daca, full citizenship for daca. h1b visa reform. that takes care of nancy. and the national security some money for senator schumer's cross hudson river tunnel. connell: there is a grand kind of compromise or bargain to be had? >> yes. connell: interesting to see whether they have it. i want your thoughts on another subject, we spend so much time for this today. this is important for 2020. "fox news poll" on the screen, revealing there is actually broad support for increasing taxes on the wealthiest americans, 70% over 10 million, 65% over a million. 44% if you make over 250,000. and that speaks to what we heard in the news, from likes of alexandria ocasio-cortez but elizabeth warren. here is a presidential candidate
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type of thing, that apparently has support in the public. connell: what do you think of that. >> if you think you will not be taxed bill gates, will be taxed no big deal. connell: once you get down to 250, you see how that came back. >> the money in middle class. 16th allows direct taxation only applies to income, not balance sheets. this is as fake as her ancestry. connell: that is just to get it out there. >> that is to show she is far left. but on income tax side, the republicans finally have to make a case, they haven't since the days of ronald reagan. that when you have these kind of taxes on supposedly people with wealth, you hurt investment. connell: right. >> only way you move ahead. you hurt investment. take medicare for all, are you willing to pay another 10 or $15,000 in taxes to sport that?
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when people find out true cost, they back off. conservatives have to make the case. connell: an intellectual argument, buffett or gates, we're better off with them deciding what to do with all the money than the government. >> nancy pelosi or warren buffett, who would you rather invest the money. connell: almost like you've done this before. did you ever run for president? thank you, steve. >> agitating now. don't scare my family. susan: okay. let's move on to venezuela because the political unrest continues in the south american country. secretary of state mike pompeo commenting just moments ago from the state department. >> consistent with venezuela's constitution and support of venezuelan people and support of the national assembly, juan guaido declared himself the interim president of venezuela. this is just the first step on venezuela's road to liberty. susan: now pompeo is heading to
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new york tomorrow for an emergency u.n. security council meeting to urge the council to recognize the opposition as the interim president of the damaged country. connell: much more on that. reaching a deal temporarily as we've been talking about. new poll reveals majority of americans concerned about what is going on in washington. do you think? can lawmakers work together to actually find a permanent solution? we'll bring in ford o'connell from the civic pac forum. he respond to all that next. eds. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.
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15th of february. that just pauses this spending showdown. we could be back at it. meantime, fox poll, showing eight in 10 voters are very, or extremely concerned about what is going on in washington these days. 79%. what the other 21 think? bring in republican strategist, civic forum pac chair, ford o'connell with us here in the studio. funny those polls, you know what? things are great. you're doing a great job in washington. >> i don't think they're paying attention. no question people should worry about what is going on in washington. it is no longer about what is the best interests of american people, who can score points fastest with the political base. that seems all washington cares about. connell: you have a keen eye for that thing. it is kind of your business. >> yes. connell: the politics of all of this. i haven't heard any other characterization of what happened today, other than that president trump, in the short term, lost. that he was outnegotiated by speaker pelosi. a, is that true, and b, if it
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is, does he learn from that in terms of the next three weeks? >> i think what happened is, the shutdown became a bigger distraction for president trump than he thought it would actually be. i'm not so sure, people talk about the tsa, faa, six republican senators sort of leave the republican party and support the democratic bill, that is what actually scared the white house. connell: okay. >> but democrats do say over and over they want to secure the southern border. we'll find out exactly the next three weeks how serious they are. i think that is where trump wants to reframe the argument. yes he might have taken a short-term hit but he is still committed to border security and getting more air barriers on southern border. connell: the term border security is a broad one. i watched with the news conference with speaker pelosi and senator schumer earlier and you can get a sense what they're hinting at. more technology. did you hear what schumer was saying, that kind of a thing, no mention of a ball. that is what they're going to offer, can the president knowing what his base accept anything
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short of a border wall and barrier? >> remember what the president is asking for. he is asking for 200 miles of physical barriers. we have 600 miles of physical bearers. this was not a problem under bush 43. obama added 130 miles to it. the entire shutdown is over congress given previous two presidents. only reason they don't want to give this because he is in fact trump. connell: that may be true, what if they don't, from a practical point of view? >> if they don't, he will have no choice but to go to national emergency. he made a commitment to the southern border. he made a commitment about barriers. you have a lot of folks, dick durbin and steny hoyer, walls work in some places. be honest about the problem. let's not have a shutdown in the way at least for next few weeks. connell: if i was betting, that is what i would bet on, national emergency after three weeks. meantime whatever would happen today, from our perspective, one thing for sure, the market up 183 on the dow.
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you're shrugging off a lot, whether a shutdown, continued uncertain like things overseas, brexit or trade wars, things that broke earlier in the day, indictment of roger stone included, you might say colorful news conference by mr. stone outside of the courthouse. >> i find it disturbing that the special counsel's office released a press release prior to informing my attorney i would be charged today. connell: all right. what is the takeaway from the roger stone indictment in terms of mueller probe and wider probe. >> roger stone may be in for be mueller has not shown trump russia coordination that is the whole reason he was impaneled. we'll go into media frenzy next couple days about, this it means nothing. going what you said about the market, for trump's re-election,
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biggest thing whether or not we have recession or major economic blip, if not he will get reelected. that is more important than the trump mueller probe or even who the democrats pick the nominee in 2020. connell: really? more than the nominee? you may be right. >> electoral map hasn't changed. the democrats take florida, arizona or sweep the midwest. if they don't, trump is reelected. connell: timing of economy. >> that is the most important thing out there. connell: president, sr. ford good to see you. susan. susan: washington is back open for business at least for now. we're taking you back to the white house with the very latest, right after this. ♪ i'm a bit unpredictable. let's redecorate. whatsyamatter tanya, i thought you loved being spontaneous? i do. and if you've got the wrong home insurance coverage, i might break the bank too.
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>> yeah, the wheels are in motion, susan. the senate just passed this measure, this -- i don't know if you can call it compromise because it was president trump agreeing to the demands of democrats that it would open the federal government back up for three weeks to february 15th. there is not a single penny for new border wall money. that will be talked about in the up coming weeks, as there will be discussions among democrats and republicans for a border security package. the senate just passed that. it will go over to the house here soon. the house will vote on that, pass it presumably, then send it over here to the white house for the president's signature to be awaited. keep in mind, it was just 11 days s ago that the president said he was not interested in a three week stopgap measure but since then federal workers missed another paycheck. the senate voted down the president's proposal he put forth over the weekend and we saw the delays start to mount at la guardia today. that brought the president into
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the rose garden today announcing he would go forward with a three week measure. he is still threatening to declare a national emergency should he not get a certain amount of funding that he wants for the border wall. >> if we don't get a fair deal from congress, the government will either shut down on february 15th, again, or i will use the powers afforded to me under the laws and the constitution of the united states to address this emergency. >> roughly 800,000 federal workers missed two of their paychecks. they are guaranteed that back-pay. a senior administration official telling me a little while ago it will depend on each different agency as to when they are given the back-pay considering that agencies have different processing issues. back to you. >> thank you, blake. blake burman there at the white
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house, what a day. sum it up for those workers that's the good news. they went through a lot. they get their back-pay. the politics of it, the president gave in. >> three weeks and negotiate a final deal. >> we could be back at it. thanks for joining us. bulls & bears starts right now. david: hi everybody. this is bulls & bears. thanks for joining us. i'm david asman. joining me is the panel today. striking a deal, that's the news of the day. the president and congressional leaders reaching a temporary plan to end the government shutdown on day 35, prompting trump to make this big announcement at the white house today. roll tape. >> i'm very proud to announce today that we have reached a deal to end the shutdown. i will sign a bill to open our government for three weeks until february 15th. i will make sure that all
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