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tv   Cavuto Coast to Coast  FOX Business  February 12, 2019 12:00pm-2:00pm EST

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as i said this morning they're raising prices because -- >> they can. stuart: they have got pricing power. they love it. they do. dow industrials at the high for the day. neil cavuto, i give you the show with the dow up, wait for it, 340 points. what a guy. neil: you also have a discussion about judge, are you taking opioids? stuart: we cover it all. p. neil: the life and death issues that matter. thank you very much, my friend. we're following that. as stuart pointed out we're at session highs. a lot driven by optimism that we will avoid a government shut down, that republicans democrats have a plan neither really flips over but ultimately up to the president of the united states. we're told he is in the middle after cabinet meeting. they invited cameras in, the proverbial pool spray is on. then they feed that tape back to us and we play it for you.
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optimism about this deal, optimism about those china-u.s. trade talks, the latter, i don't know how anyone can tell, no one is peeping about them but we'll see. let's go to "the wall street journal" associate editor, john bussey. we have achilles laura and our own deirdre bolton. deirdre, it is taken as a given, this deal is done, the president will approve it, on we go. what do you think? >> it is taken as a given. we haven't heard the final word from him. neil: no. >> we go act to the december, in the last minute in december he changed his mind. that is how we ended up with the 35-day shutdown. neil: a lot of conservatives revolted. this is horrible. he didn't want any. he changed his mind. >> exactly. mitch mcconnell is saying it looks good. chairman lowey saying it looks good. a lot of voices from the party
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say it looks good. in my mind it is not a done deal. it feels like it is moving in the right direct, calling it a barrier or instead after wall i don't know if that bothers president. i don't know if they will drop the number of beds, it will be 17% lower. i don't know if that would be a problem. to me it is not a done deal. neil: we know the president will have to accept, john, 1.37 billion. neil: versus 5.7 billion he described at time for the wall, this looks like might be a third of that if he is lucky. he is still getting something. >> a quarter of the funding. a quarter of the miles that he had asked for he had demanded. one assumes the president is looking at this saying it is a way out. it is an off-ramp. the shutdown was blamed on the president primarily in polls. he doesn't want to go down that road again. he is busy now with the 2020
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election. wants to focus on that. he has enough of a fig leaf, i will view it as down payment. it's a start. we're going to get more. we haven't heard from the president yet as deirdre pointed out. he changed his mind the last time. might change his mind this time. assuming that he had been consulted on this all along. he may be waiting to hear what reaction to this is on conservative talk radio, from his base, before he reacts to it. neil: sean hannity not a fan. i haven't heard from rush limbaugh, already getting early indications from that group, not fans. >> if he spinses this the right way politically, the democrats claim victory, he can claim victory, then he moves on. neil: it is interesting, when you look at the market, the market moved up smartly throughout the shutdown. the market is moving up on this, potentially avoiding another
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shutdown. when is the market telling us? >> at the end of the day certainty is the market's friend like we see today. when we saw the agreement in place, okay we'll take baby steps to get in. i had know talking for my clients and saying, we want to see more, the deaf sill is in the details when it comes to this agreement. the president, the ink is not dry on this the president hasn't signed off on anything. is there a little uncertainty there? sure. but at the same time we're going to position our clients for growth and for greatness, no matter the case. neil: you keep hearing, deirdre, the markets like, still the same. good earnings. they might be tested the quarter we're in, they are pleasantly to the upside. will they continue to be? >> we can't forget this is huge week for our understanding what is going on with china. so i think there is a little bit of optimism some kind of framework, i mean we've heard from lots of parties, okay,
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there is not going to be an extension of that march 1st deadline, meantime the two sides are speaking. between fingers crossed shutdown being averted and perhaps a framework being worked out with china, even just an agreement to keep talking, just something that makes sense, we do see the optimism. neil: all right. yesterday i had a chance to speak with steny hoyer, the house majority leader, who seemed to draw even more distance with nancy pelosi on a host of issues, including the prospect of a shutdown. take a look at this. >> we didn't want wall money. we think, you need personnel. you need infrastructure, you need, you need technology. we were just at the border. clearly those are all necessary but the fact of the matter is the president want as wall. okay. i have always said that is probably going to be part of the agreement. neil: all right. so it is. earlier in the interview he was saying this sudden issue the
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number of detention beds deirdre was talking about lowering 16,500 they were around 48,000 bed. they agreed to figure of 42,000. no one agrees with figures, that got the monkey off the president's back finding a reason to reject this we don't know. john, that issue was raised at the last minute, gives you an indication of the power of the left in the party that wanted to make it an issue. wanted to make eventually defunding i.c.e. an issue. this battle goes on within the party. >> this battle goes on and at the end of the day it was kind of understood we'll raise the number of beds by smaller amount than dhs wanted. but we also want to know as politicians in the funding game that dhs can move money around f it needed to it will put more beds in. at the end of the day though, we do not have a broad consensus and agreement on how to address
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the immigration issue in all of its complexity between democrats and republicans. we have a tiny little stopgap measure keeps the government open past saturday. we also do not have the big, broad, china agreement. and my suspicion is that you're going to see lots of fig leafs when china deal comes through. when i talk to china, about people who have been ustrs in the past or in the ustr's office or people expert on china -- neil: talking about the trait representatives? >> yeah the trade representatives in d.c., china is not going to budge to the degree the united states wants on this. it will be interesting to see how the market metabolizes that. neil: what i was curious, what would the market make and react to a deal doesn't address some of the substantive issues john just touched, intellectual property, some of the more thorny issues that are a little more time-consuming but they make a promise to address that?
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they buy more soybeans, buy more goods, commit to buying more u.s. cars, that's it, like a fig leaf but better than what we had, how do the markets respond to that? >> you just said it. we're talking about certainty in the market, we have to make sure no matter what happens in this deal certain parties are winning. my lawyer used to tell me a long-time ago, the that either party feels like they walked away from something. from my clients personally, who are latinos, you know what? we're not 100% on this wall. we're not in favor of it, but at same time we need more information. we need to know, is it in our best interests. by the way, we're going to make sure we're ready, either side. neil: would the markets accept, kind of, you know weak deal? in other words, some commitment, some promises. >> they may not have a choice, neil. you can't have the uncertainty
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we had with the shutdown with all sectors affected. neil: this uncertainty put aside, that some deal is better than know deal, even if it is not a great deal. >> sometimes the market doesn't care. it will do whatever it decides to do. the thing is, you have to be ready on either way to position yourself for that greatness. neil: deirdre, the president is saying right now in this cabinet meeting that he can't say he is very happy about the immigration deal. he says he will have a deal on the immigration deal later on. didn't tip his hand where he would go with this. we might find out in the proverbial pool spray, but not necessarily saying yea or nay at this point. >> right, in some ways i felt for him last night shows up in texas, essentially got scooped by his own party. obviously he is representing that party. the news broke, he gets on stage for this big moment, he doesn't even have the details which he
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made very clear to the crowd anybody who is federal employee who works for one of the nine departments, who dealt with a 35 day shutdown would very much like to avert this. this has to go to vote pretty shortly. to avoid in friday shutdown? it is pretty quick. mitch mcconnell said we will take this to the senate in short order. we'll listen to the president. neil: we'll listen to the president. >> the ball is in his court, cameras in the cabinet room right now. we might get an idea exactly what the president might do. he has very little time to do it. some say he has to decide on something by tonight, if they ever make the deadline to get this done by friday. we shall see. the dow down 327 points. we'll have more after this. no more excuses with cologuard.
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>> it would shut down a little thing called air travel. [booing] how do you take a train to europe? you have to spend $100 trillion, and remember this, no other country, except us is going to do it. that is a little problem too. while the world's real polluters like china would get many of our companies and factories, they just move into china, move into other parts of the world. that's the way the system works. not going to happen, folks. neil: the president last night railing against this green new deal. cns news editor, terry jeffrey, competitive enterprise institute chris horner. chris, the president is saying, you know, they don't even know what they want. we learned mistakes that were made with the release of this, this initiative, with the wrong
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question and answer that was attached to it, to explain its provisions and that was incorrect. so not a great launch but what he is saying is, be careful what you wish for, you might get it. the u.s. would get the shorter end of the stick. what do you make of what he is saying? >> he is right on that. we heard from 15 years in europe it is not fair they're showing too much leadership. that no one else is doing it to themselves too. there is one lesson. president made the promise if we made the promises, china reciprocal promise in the treaty was less than business usual. if you follow this myth, you do it and we'll follow tomorrow. it won't happen. this seeks to mandate a state-run utopia. whether people like it or not there will always be an america. if they get their way, it will likely be in asia somewhere. it is true we would be only ones
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harming ourselves in this way. we would have what is called leakage. there is term coined for it, companies flee to countries that don't do it to themselves that is the overwhelming majority of the world as it is now. neil: the president sort of linked this, other parts of their agenda, including higher taxes on the wealthy, estate tax, wealth tax, to send a message the president called socialism. i'm wondering, terry, whether he is taking this green initiative, in that direction as well? and that he is already found his 2020 campaign themes? what do you think? >> well i think no doubt has, neil. i think he is absolutely right. leaving aside frequently asked questions they withdrew, the green new deal is only 14 pages. people ought to read it. for example, in it, they literally call net zero greenhouse gas emissions in 10 years. they call for upgrading all existing buildings in the united states. can you imagine what kind of federal government we would need
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to make sure that we had zero greenhouse gas emissions in 10 years? to make sure every single building in the united states, every single middle class family's home was upgraded, quote, unquote, the way alexandria ocasio-cortez wants it? the vision of government that is in the new deal, the green new deal, is all controlling. it would be in every aspect of your life. and in order to implement what they came they want to do, which is nuts. neil: we talk about, congresswoman cortez but the pretty much forgotten point, all the leading democratic presidential candidates, including senator klobuchar, deemed a moderate, have signed on to this. clearly, i don't think, without reading it. now that there are problems with the stuff they were reading, found out that the a lot of attachments to this proposal were wrong, i'm wondering if they feel like fools or they're keeping progressive happy by maintaining and honoring the
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progressive banner, even though they themselves have serious doubts about it? >> right. i suspect that's because of the noble lie this is premised upon. it opens with the alarmist, climbist alarmist catechism. it launches mandating, federal guaranty of utopian guaranteed income and so on. i suspect the presidential candidates signed on because sailing in under the flag of climate salvationism, they're wedding themselves actually described as utopian i will, or socialism. you're talking about a spectacular sized governments. it will kill far many more to seek to do this. that will stick to their heels, they hope to cling to the climate alarmism. that party moved the center far enough left they have to do this, have they moved entirely left they have to be bernie type socialists. hopefully we'll have as they
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say, bulk of this discussion. that is what the bulk of the 14 pages about this is about. neil: gentlemen, thank you very much. a couple news items coming in, from the cabinet meeting another partial shut down the president is saying seems unlikely. amid all this, the "el chapo" trial that the jury is deliberating six days, they have reached a verdict we're told. panel of eight men, eight women and four men who are pondering up to 10 counts against guzman, known as "el chapo," everything from firearms possession, illegal sales of drugs, running your own criminal enterprise. widespread importation and distribution of cocaine. any one of those separate violations, would be enough to land him in prison for life. like i said, there are 27 such violations. the verdict is coming. we'll have more after this.
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♪ neil: all right. it has been a big mystery in the jeff bezos case. who got their hands on images and pictures of him in compromising images? reportedly the girlfriend's brother but how did he get his hands on them. she shared a lot of them with her friends. we don't know what is a lot. and whether her brother was the one who shared them with the rest of the world. anyone's guess. a trial attorney is here. he said ami's actions may amount to out right extortion as the company, jeff bezos and friends are trying to find out how exactly they did get out there. mark, great to have you. the latest theory seems to be the girlfriend herself shared them with friends. the brother might have got them that way. but again the investigation started with the investigation, with bezos wanting to know how it is, you know,
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"the national enquirer" to the their hands on them? "the national enquirer"'s response seems to be to legal analysts out right extortion. what do you think? >> i will make the argument on behalf of prosecutors who may find this to be extortion. it's a misnomer that extortion is reserved for vinnie who threatens you and your family members, pay me a certain amount of money or i will break your fingers. under federal law it can be applied to number of different scenarios, including arguably this, assuming what bezos is alleging is true. anytime someone -- neil: releasing compromising pictures in you don't do what we say? >> yes. anytime, this is the definition, anytime someone tries to obtain property from someone else using either force, threats or fear, you have extortion. so in this case, hey, give us a statement, claiming our actions were not politically motivated or else, listen, we'll shop pictures of you below the belt, all these letters, these text
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messages. neil: it doesn't have to involve money? it doesn't have to involve give us this amount of money or this doesn't go away? >> absolutely not it doesn't have to be an outright threat like that? >> absolutely. is this extortion is the money question everybody is asking me. it depends on what the prosecutor, a particular prosecutor may feel. arris to the tell defined justice as like cases being treated alike. what i have seen in 24 years as a defense lawyer, prosecutors see things differently. some may call it criminal offense. up with say it's a civil matter. i'm not going to bother. neil: aristotle didn't have to deal with the "national enquirer," right? >> right. completely different. neil: mark, thank you for your read on this. we're going to the white house, this pool spray from the cabinet meeting. president has already addressed what is going on with this interim measure to prevent a shutdown. this was from a few moments ago.
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>> believe me. thank you all very much. >> sir, will you sign congress' border deal? >> i have to study it. i'm not happy about it. it is not doing the trick. i'm adding things to it, when you add whatever i have to add, it is all, it is all going to happen we'll build a beautiful, big, strong wall, that will not let criminals and traffickers and drug dealers and drugs into our country. it is very simple. it is very simple. we're building a wall. and now i'm saying we're finishing a wall. we just started a big, big section on the rio grande. probably saw it. some of you were there when they started. you went there. you didn't believe it. you went there. see trucks all over the place. he is not kidding. i don't kid. i never kid about construction. i love construction. i know how to do it for the right price. we're getting a beautiful-looking structure that is also less expensive to build. and works much better.
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that is a good combination of events. it was crazy when they were putting up. i think the walls they were building so unattractive, so ugly walls got bad name, they were so ugly with rusted steel and big ugly plates on top, tin can, they're waving because the heat makes them expand and contract, they tin can. i said why didn't you paint the steel? sir, we salved money not painting it. yeah, but it will rust. i have never seen, i ordered a lot of steel, i have never seen in my whole life steel come to me unpainted. this can only happen at the border. it wasn't me. it was our past geniuses. so, i can tell you that am i happy at first glance? i just got to see it? the answer is no. i'm not. i'm not happy. but am i happy with where we're going? i'm thrilled because we're
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supplementing things and moving things around and we're doing things that are fantastic. and taking from far less, really from far less important areas and the bottom line is, we're building a lot of wall. right now we're building a lot of wall. you think it is easy? we're building in the face of tremendous obstruction and tremendous opposition from a small group of people. one thing that happened that i think was very revealing, we had the biggest and best border agents and experts come up and see the committee. and they said more than anything else, you need a barrier, you need a wall. and the recommendation was unacceptable to the committee. so that tells you more than anything else. [shouting questions] i don't think you're going to see a shutdown. i wouldn't want to go to it, no. if you did have it, it is the democrats fault. and i accepted the first one,
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i'm proud of what we've accomplished because people learned during that shutdown all about the problems coming in from the southern border. i accepted that. always accepted it but this one i would never accept if it happens but i don't think it is going to happen but this would be totally on the democrats, okay? reporter: mr. president do you think -- sent back the proposed compromise or may grudgingly accept it and -- >> always nice to negotiate a little bit, whatever you get. i would hope there won't be a shutdown. i'm extremely unhappy with what the democrats have given us. it is sad. it's sad. they're doing the country no favor. they are hurting our country very badly, but, we certainly don't want to see a shutdown. but you will be hearing fairly soon. the bottom line, on the wall, we're building a the wall. and we're using other methods other than this, and in addition to this. we have a lot of things going. we have a lot of money in this
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country. and we're using some of that money a small percentage of that money, to build a wall which we desperately need. reporter: mr. president -- [inaudible]. >> not at this moment. we have our people over there now. i just got a report. things are going well with china. china wants to make a deal very badly. i want it to be a real deal, not just a deal that makes you know, cosmetically looks good for a year. we have a chance to really make a deal, a real deal with china. we've never been in this position before. we've always been the lame duck and we're not the lame duck anymore. we've gone up tremendously in value as a country, economic value. tremendously. larry, we've gone up, what, 11 trillion, 14 trillion and china has gone down close to 20 trillion since we started this whole. >> worst forming stock market in the world. >> say it? >> china worst performing stock
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market in the world. >> has anybody heard of larry kudlow. i heard that voice, you think money, right, larry? >> thank you, sir. >> i didn't even know that, china he said is the worst-performing stock market right now in the world. we don't want that. we want china to do, but, that is because of us. and we're have to be one of the best-performing stock markets but we are the best performing country. and, we have a lot of potential for further growth. so we're doing very well over in china. our people are there. the people, you know very well and i think we're going to have some good answers. i think, either way i'm happy. i'm happy either way. i could live, receiving billions and billions of dollars a month from china. china never gave us 10 cents. it was always the opposite way. now they're paying billions of dollars a month for the privilege of coming into the
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united states and, honestly taking advantage of our country. so we'll see how it works out but at some point i expect to meet with president she who i have a lot of respect for and like a lot and make the parts of the deal that the group is unable to make. that is the way deals happen. reporter: will the march 1st deadline slide you think? >> well thus far, as you know the tariffs tick up for us, in other words we take in much more money because the tariff, there is nothing they can do that is comparable. it is not like tit-for-tat. the tariffs kick in. they go up, right now they're paying, they're paying 25% on $50 billion. okay? and they're paying 10% on $200 billion. so we have 250 billion. we have $267 billion that we were very nice about that we're not taxing. on the 200 billion, we're paying 10%. the 10% for 200 billion goes up to 25% on march 1st. so far i have said don't do
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that. now, if we're close to a deal, where we think we can make a real deal and it is going to get done i could see myself letting that slide for a little while. but generally speaking i'm not inclined to do that okay? [shouting questions] reporter: -- would you consider declaring a max emergency to build a wall? >> i'm considering everything. i'm considering everything. we already have national emergencies out there. president obama, president clinton, president bush, they declared -- this is not unique. they declared many national emergencies, many, many. and you have some out there that we can use in addition to one that we could declare if we want to do it. thank you very much, everybody. thank you. [shouting questions] [inaudible] >> thank you. reporter: should the mueller
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report be made public, sir? >> please go towards the door. >> [inaudible] neil: all right. this is pool spray we got from the cabinet room where the president was answering questions on the deal cobbled together by democrats and republicans on conference committee. neither side is satisfied with it, but it keeps the lights on avoids shutdown on friday. the president is not really thrilled with it. nor did he say he would reject it out of hand. he is looking closely. he referred to progress on the china front, indicating china has to realize it is in its own interests to score a deal with the united states. he intimated as much that the chinese are already paying us a lot of tariffs. i don't know if billions and billions every month is accurate. what he is referring to though, are tariffs already in place on about $50 billion worth of chinese goods that make their way to this country. i hasten to add, governments don't pay that, you do.
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the chinese consumer does. just to stipulate here, what he was talking about, money china is paying, essentially you are paying for those goods. want to be very, very clear. governments don't pay tariffs, people do. blake burman at the white house on all the crosscurrents. blake? >> actually stick with china here for a second, neil. i thought that was pretty big headline when the president was asked about the march 1st deadline, whether or not it could slide, the president saying there, that if we were close to a deal i could see myself letting it slide for a while. that is bit significant i think. the official line from many folks within the administration, that the march 1st deadline to potentially raise tariffs as the president outlined from 10 to 25% was firm. as we heard from the president there, if things are getting to a point he thinks maybe a deal might not be in sight, in days leading up to the march 1st deadline, maybe, just maybe he could hold off on raising the
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tariff levels. remember the trump administration before the last time president trump and president xi met in buenos aires, come january 1st, tariff levels would be increasing. those two world leaders met at end of november, early december, there was enough progress to be made at that dinner, that they did not increase the tariff level. so, there is a little bit of history there in the past that maybe the administration will hold off on raising certain tariff levels. the president suggested there, potential hi could do the same come march 1st. so that being, one of the headlines of china, regarding china, rather. the other being the deal, the spending deal made up on capitol hill late last evening. the president saying he has studied that deal. he is not happy with it but also didn't suggest that he would necessarily not sign it. the details on this have been very, very scant. as far as we know, $1.375 billion, a tick shy of
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$1.4 billion for new border barriers, for not necessarily quote a border wall, for 55 new miles of border barriers. that significantly hess than what the president had been calling for, neil. as we heard there, he and this white house feel, they could go about it through several different avenues. neil? neil: thank you, my friend, very, very much. as he was speaking here we are getting some of the details on the "el chapo" trial that is going on. he has been found guilty on the most serious charges facing him, the drug trafficking charges. remember there were 10 counts but within some of those counts various other offenses totaling 27. most onerous, could produce most time in jail, if found guilty, dealt directly with drug trafficking. it is on that he is found guilty. most likely facing life in prison. we're getting readout on various counts guilty, not guilty but right now a u.s. jury has gone
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ahead and ruled on the most generous accounts, most problematic for him, drug trafficking, that could land him in the jail for the most time. he hats been found guilty on those specific charges. there might be others as they are being read item by item. already "el chapo" looking at rest of his life potentially in jail. neil: we'll have updates on that. getting updates in response from charlie gasparino on the president's flexibility or deflectsability on signing off on a shoulddown prevention measure that neither side flips over, right? the president himself says he doesn't like it. already conservatives are howling about it, sean hannity for one, a host of others. where is this going? >> i think, you know, in his heart of hearts, if you talk to people that know the president he wants to use the emergency powers. he wants basically declare a national emergency, fund whatever he is going to fund,
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doing that and move on. and let it fight out in courts if he has to. he has been talked out of that essentially by his son-in-law jared kushner from what i understand, what he wants to do is that. he almost pulled the trigger several times couple weeks ago, when we were in the middle of the shutdown, you know. i can tell you that the shutdown is not good for the numbers, for the economic numbers. neil: butter hears from conserve conservatives who howl when he was going to enter the deal in december with mitch mcconnell and he did a 180. it is possible he could do a 180 here. i'm told unlikely. he has bigger fish to fry. he wants to move on. >> yeah. neil: china thing he alluded to, what do you think? >> i think the way he gets out of it is the emergency action. because then he punts it to the court. mitch mcconnell might say, "wall street journal" editorial page might say, you're creating a precedent that, you know a
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democratic president is going to use and declare emergency over anything, i think it is one of the ways he feels like he can escape out of this because it is really a no-win situation for him. if you really think about it, he campaigned on building a big beautiful wall. neil: right. >> he campaigned on mexico paying for that wall. mexico is not going to pay for it. there is no line item in the new nafta agreement for them paying for it. if you, maybe, you know, put your finger in the air, stand on one leg, maybe you could come up with a way mexico maybe finances something in there but it is baloney. so we're going to have to pay for it. and, i think what is worse politically than not, mexico not paying for the wall is not having something like a wall, whether it is, you know, he needs to have something more than no trespassing signs is what i'm going to say. neil: i hear you. as charlie was speaking here, we have all 10 counts read.
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on all 10 counts "el chapo" is guilty. distribution internationally of cocaine, these are individual amounts and counts that came up depending how they were distributed. the use of firearms and a conspiracy to launder narcotics proceeds. he is not facing the death penalty but definitely looking at -- >> life. neil: life in prison. a jury weighed this for the better part of six days, has now come back, guilty on all counts. separately the federal reserve chair, jerome powell is speaking. he will in a few moments outline, maybe give people an idea where his head is at right now with the latest moves on government shutdowns, realize china, what is happening there, our own markets, the strength they're experiencing. ed lawrence, what we might be able to expect. hey, ed. reporter: exactly, neil. also debt. that is a big thing for the
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federal reserve chairman talking about the amount of debt is unsustainable. he said that numerous times. this speech will be at the mississippi valley state university in rural mississippi. he is tackling the notion of development in high poverty rural areas. similar to a speech he made earlier this month where powell said the likelihood of someone going from the very bottom, the very poor, to the very top is increasingly slim. he will echo some of those same comments, adding the lack of economic mobility is the greatest challenge over the next decade for our economy going forward. he says rural areas face physical challenges like lack of diverse employment opportunities. powell said one of the fixes for this, everyone at economic levels will have access for good quality education. that counts everything from elementary school, to college, to job training. because when companies move into an area, new company moves into an area, there may be a miss match of skills of one company that left. he adds the federal reserve will
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have to make sure bank branches stay in rural areas. the loss of a branch sometimes means loss of access to established good credit for the future. there will be question and answer during the session. powell is also expected to hold the line that the federal reserve will be patient going forward with rate hikes, relying on what the data says. he will also talk about how unemployment is near a half century low. wages are rising at a good pace, with no upward pressure so far on inflation. neil? neil: okay, edward. thank you very much. when he speaks or certainly starts taking questions we'll go back there. we're learning a little bit more on this. all 10 count guilty series of verdicts against "el chapo." it is looking now, according to "the wall street journal," that when he is eventually sentenced it is likely to be to the supermax prison in florence, colorado. this prison you might recall is famous for housing dangerous and escape-prone defendants,
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including the boston marathon bomber tsarnaev, and 1992 world trade center bombing mastermind, ramzi yousef. the cocaine counts, two the alone, would be prison for life, definitely guilty on all, looking prison for life, what did things for. [cheers and applause] , intercepted phone calls and tapes which he was talking to associates, about drug trafficking, bribery and assassinations in order to get what he wanted. it was all on tape. one juror saying it was all there for us. we'll have more after this. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do.
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neil: fed chairman jerome powell is speaking right now. a couple of interesting items we thought we would share with you. u.s. economy growing at solid base. he said bank consolidation hurt bank access for financial services in some rural places but by and large he is satisfied with the strength of the consumer and strength of the underlying economy. we're following that very closely. this is the on the heels of a gallop survey out overnight that showed nearly seven out of 10
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americans expect their financial situation to improve over the next year. to deep digital chairman dave maney. dave, what do you make of that? what the fed chairman is saying is something a lot of folks are sharing? he is upbeat, they are upbeat. >> yeah. this gallop survey is about as good of a gut level economic indicator meaning as positive a gut level indicator you could imagine. when you think about how decisions are made within the economy, which affect the future economy, which is am i going to buy a new house. am i going to fix up the kitchen? am i buying a car? will i spend money to get a master's degree. it is based on gut level of consumer confidence. do i feel secure? and what this survey says, at a higher level since, highest level since 1998 that americans
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are feeling very financially confident right now. and that is, boy, if sitting in the white house right now, that's the literally the best news you could get. neil: now, normally then you would think just in time to get this idea the economy could be softening all of that, the lynchpin to keep that going is the consumer, right? and if the consumer is saying this, then, what do we believe? history that says, usually at this point things start petering out? or the consumer telling you well, i'm not petering out? >> that is hard to say. there are two things i think at work. one is, it was definitely not a bad thing to have the air come, you know, a bit out of the market bubble, right? like that kind of seems to have set the stage for a little bit of a smoothing there. the flip side of it is, as you and i have been talking about for 10 years, there is an internet driven economic revolution going on, breaking a lot of the rules.
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what is so interesting about this is, if jobs, if you're seeing creative destruction in the economy that we know is the kind of the core es spence of capitalism -- essence of capitalism and internet is making that happen quickly, amidst of all the creative destruction, consumers are saying i'm feeling good, more than 2/3 i'm feeling pretty good next year will be better than this year, that is a remarkable thing and it does not feel bubblish to me. neil: take a look at the dow's gains today. we're told with this 322-point run up thus far it is built on optimism we'll avoid a government shut down because neither democrats or republicans are satisfied with the deal, but ultimately it is better than no deal. the president despite miss giving, problems with it will sign off on it. i know it its conjecture on my part. what if he doesn't, takes a look
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at it, says i can't, then what? >> to me i do think as much as ever his prospects going forward are going to rest on where is the economy at in effect 12 and 14 and 16 months from now? so you know, the one thing i would say, if you thought he was spoiling for a fight i could imagine that now is the time i would want to have it but i could also see him saying, i'm going to take half a loaf and walk away. i do think that he is the most fundamentally kind of anti-administrative state president we've had since ronald reagan. and i think he will take every opportunity to keep pushing back against it. and i got to tell you, that is a very strong thing for the broad economy. so it is, everybody is optimism in my opinion is pretty well-justified right now. neil: on the china thing, the president was optimistic. that meeting ultimately with xi xinping might be pushed back.
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so it looks like the tariffs will go into effect on those additional $200 billion worth of chinese goods. so there will be some consumer sting from that. are you worried about that? >> no. i don't think it is, i don't think it's a giant drag. and that one that hinges fundamentally off the president's kind of psychology where he thinks he stands. i do believe he has more control over those negotiations over any other negotiations are going on or any uncertainty around his administration. that is the one, if larry kudlow walks in one day says, i think we got a problem here, chief. let's take what we got and go home, i think he would. so that one doesn't cause me as much ajita. neil: thanks very much, dave. good seeing you again. things could always be worse for anyone involved in the back and forth crosscurrents. you could be "el chapo," right?
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he is looking at life in prison. he ran and ran but he couldn't hide. right now he is going to prison. we'll have more after this. that limit a company's growth. i try to find companies that turn these challenges into opportunities. but by going out in the field, and meeting management, suppliers, competitors. in the end, it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. treatments like keytruda with chemotherapy ng time to be treating advanced lung cancer. that will generate value for our investors. really break through barriers that we had not too many years ago. (avo) another tru story with keytruda. in a clinical trial, significantly more patients ..
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>> i don't think you're going to see a shot down. if you did how do if the democrats fault. people learn during the shutdown all about the problems coming in from the southern border appeared i accept that, always accepted it. this one i would never accept if it happened but i don't think it's going to happen. >> we didn't quite accept that first one. in the end it was really chuck schumer, nancy pelosi that produced the 35 day government shutdown. the longer shutdown in history.
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the two sides seemed enough to agree on an disagree on that but maybe that is as china's successful conclusion. ted program. >> as we speak that chair richard shelby is talking to senate republicans are in the wrigley party caucus lunch selling the deal to them. patrick leahy is also meeting with democrats probably doing the same thing. i'm going to give you a vocabulary terry term here called transfer authority and this might be the key for the president. transfer authority is inside an appropriations bill there is a way with notification, where they can move around millions of dollars. i am told hundreds of millions of dollars the president can potentially move around to put towards a border wall whatever project teachings and have to notify congress. that might be the linchpin here. maybe he didn't get more than $1.375 billion for border wall.
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if you look at the raw dollar figure, transfer authority is not indicated in the legislation once again that late tomorrow night. i was also told of democrats in the house of representatives come and they want to see the i.c.e. that number go down so we can say radical ipaq to get at down around 40,000 bed, but if he is to transfer authority, and they just used a couple months ago. we will see if variable to sell this based on those preferences. neil: so each side needs with its own groups come assertive sell it to that group there anything think the president saying i change my mind that could torpedo this. >> absolutely. that is the number one thing is people are watching closely to see how conservatives react. mark meadows, chair of the freedom caucus, jim jordan, two very conservative members.
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on the precipice of passing or maybe it's passed through the house and senate. it's about the math, the mass, the mass. they had to get the matrix right in both the house and senate. you almost had a jailbreak of republicans who are about to defect from the president right before they reopen the government. mitch mcconnell told richard shelby to get this done. but mcconnell will try to do, but also get them to say we have to reopen the government said that could be the pressure here, too. neil: thank you my friend, chad pergram. there's growing talk that house later senate lawyer warning his colleagues when it came to this issue on i.c.e. beds and all that and even abolishing i.c.e., they were overdoing it. take a look. >> some suggest eliminating i.c.e. as an organization. neil: using i.c.e. has valley.
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>> of course it does. and absolutely essential agency. as they either say it isn't doing now than it should be shut down, that goes through. >> i think that goes too far. train to how important was the more moderate approach in this and turning some heads on this. like you thought, what you make about? that? >> i think it is significant because they need votes. i think this deal is probably going to pass. surly there are some on the left you don't like it. definitely some in the right you don't like it, but they do have a middle and i think leadership is going to back this. president trump did not say he wouldn't sign it appeared he didn't really commit to it, but didn't say no. i think this train is moving and it's going to happen, but we've got a long way to go. lawyers message there was you're not going to get everything you want. neil: do know it is interesting,
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too, the fact that some of the leadership in the midterms they've got some very feisty extreme left-leaning congressmen and women who joined coming in outcome are part of that who flipped the majority in the house from republican to democrat. but it seems like steny hoyer is saying 32 of those 40 were in extreme and we've got to keep our eye on the prize here to not alienate people. what you think about? >> he's right. i talked to moderate democrats in the house who are nervous the house of democrats in charge. in the past from a lot of left-leaning extreme bills will die in the senate and they're going to pay the price in 2020. in midterms for the most part, debate shows up. in 2020, it's a big part of people are showing now.
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you can't alienate that. i think courier knows that. certainly nancy pelosi learned her lesson the first time because their majority was for your song and i think she's going to be somewhat pumping the brakes on those big abolished i.c.e. and single-payer type of bills. neil: bob, good chatting again. thank you very, very much. the border while funding announced $1.3 billion not a significantly less than a five-point $7 billion the president wanted. republican congressman, thank you for taking the time. the president seems to be able to live with that. i could be reading between the lines i shouldn't do that. how about you? could you live with that? >> the president that is not thrilled either. the 5.7 billion was included with not just the wall, the physical barrier and the wall, but also border security enhancements. 1.7 for enhancements. just shy of one point or,
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1.375 billion is for the physical barrier. the president asked for roughly 64 miles of wall. 55 miles of wall, which is the rio grande area as the border security. it is not perfect, but keep in mind the numbers here. we are 40% through the fiscal year. so this is just the last 60% of the year. neil: i see where your frustrations are, but it's better than what was originally offered. if the president were to reject this, would not be a mistake? >> well, i don't think so. the biggest sticking point here is limits the numbers that i.c.e. can detain. how do you limit the numbers of criminals? we don't want to encourage them to break the law, but when they do we've got to detain them. when it limits the numbers, that
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is a huge sticking point. so the president himself can refuse it just on most numbers because it's about national security. we've always said that. what else are you going to do? release the individuals harmful to the american public? >> another issue is the ongoing u.s. trade talks and the president seems to be sticking to the peace of the fire strategy, not except in just any deal, but there are reports to get the right deal could take much longer than that timeframe in the markets are hoping for wear by next month will score something. if we don't have a deal by next month, would you be worried? >> no, really don't. time is on our side in the chinese economy is in dire straits. they expect their businesses to fail at an alarming rate this coming year. they are needing mass more than we need them at this point. their economy is directly tied
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to last and their businesses over there rely on u.s. support. i think the longer we wait outcome of the better deal we have. the president has a deal maker. he will wait until they get the best deal possible for the american people. neil: sarah, thank you very, very much. updating a more unlike the chapel boozman, that we've seen in our lives, responsible for many disappearances and many jailbreaks that were orchestrated through his money and influence to get them out of a number of mexican prisons. but when they are looking to put them in the united states is a super max facility in colorado. the same place we capped the man who orchestrated the first world trade center. it is hard to get into an even harder to get out. and he is going to be there for the rest of his life. more after this.
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>> there is no more vital long-term issue for the state from a financial point of view then salt. what it does is it his created two different tax structures in this country and it has created a preferential tax structure in republican states. neil: new york governor andrew cuomo has not liked the so-called salt limitation on local taxes, mortgage interest that is now in effect. it caps a $10,000 in states like kids in the door, new jersey, california, massachusetts. you know, sitting down with the
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president of the united states in the next hour to try to come up with maybe a middle ground on this issue, don't know what will come of the to change the entire code to make some sort of an arrangement that will help the so-called loose states that are getting the impact of this is anyone's guess. connell mcshane and catherine rivera. this notion that the governor hastert may may be the president will adjust something or look into adjusting some rain. i don't know. what do you think? >> well, i think it would undo key savings from the tax reform which is one of his biggest account which meant so far. it would be a big mistake, hopefully he does not do it and i think it's incredibly ironic that mario cuomo -- i'm sorry, andrew cuomo is now calling for a tax cut for the rich because he desperately needs them. you scare them away by
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increasing the tax to almost 10% at this point. every your taxes go higher and higher. it is humorous but is putting blame on republicans when it's a democrat state and he is the one -- his status in charge of state tax. neil: you know, it is interesting that as well but it's on the city in the state as a result of a lot of rich folks leave leaving, but that just didn't get as much done as they did in years past because of how much expensive it is to live in states like new york. this rain drain, this exodus has been going on for a while now. we might've picked up the pace of this. your thoughts. >> first of all, not with marketwatch. i write for the street.com in the intro. neil: i apologize. >> no sweat. i disagree with the commentator that preceded me. the salt revisions have unintended consequences. the most important was migration
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to states like mine and florida and texas, nevada, arizona and has a debilitating effect on the state finances, places like chicago, knee-jerk in california where there are limitations on the deductions for interest rates and real estate taxes. the other thing -- the other unintended consequence which is substantially as the impact on the middle to high-end real estate markets on both coasts and we've seen a steady deterioration since the enactment on january 1st both in price and in turnover. neil: you know, to doc's point,, a lot of individuals i don't care whether democrat or republican are getting sticker shock now when they do the taxes themselves or they are meeting with their accountants in finding out this is a real issue. i just don't know in this stage what if anything a president is going to offer to address that.
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therein lies that. >> probably not the numbers wise good night -- 1.7 million effect did by this cap on state and local taxes. the albany numbers the government side and sat with $15 billion in federal taxes paid additionally. the political argument andrew cuomo will make today is really interesting for lack of a better word you want to be a fly on the wall because if you look back at the comments you just played and what he said after that, he's basically going to say republicans for years have been against income redistribution and in his view that's what this is. you're taking money from rich straight and redistributing the money to the poorest states that are controlled by republicans. try to use a republican argument against them. the president to the earlier point will come back and say the problem starts with you guys because your state and local taxes are too high to begin
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with. neil: the argument for doing this in putting the $10,000 cap at this time was to pay for it. >> right. the $10,000 cap also allows this to be touchable by the middle class. if we get rid of the cap, then you're really disproportionately benefiting of course the rich people who andrew cuomo needs. i think it's interesting. here's a novel idea. let's not that free markets work your competition is good. if a government comes in, tries to impact the second order effects, the fact that states are increasing taxes. rich people leave, fled to florida. they are from new york and new jersey. i've been here for the past 10 years. then you have to take another government intervention move which is something about salt. let's talk about the state income taxes which are way too high in these northern states. it's going to be complete exodus and it's going to continue and i
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don't think the answer is getting rid of the cat. getting rid of salt would bring about fiscal responsibility and accountability to this politician such as the andrew cuomo's of the world that never stopped increasing taxes to fund infrastructure boondoggles that we don't know where the money goes. >> is kind of interesting. we assume they will all leave and go to florida. some of that is happening but in many cases they're just going to spend months or higher last and that is something that would have connell take time for this to play out an economic impact on the states, new york, illinois, california. >> we do know another pitcher thoughts on this in low tax states a lot of the growth has been. what do you think slows or stops this trend? it was well in effect even before this tax cut. >> right. this just took a lot of people over the hump to make the move. the marginal impact is so large.
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look, the two largest taxpayers in the states of connecticut and new jersey, two well-known hedge fund managers, names not to be repeated, have left the state. they left the state because of onerous taxation well before the salt deduction limitation. neil: you are right about that. >> there is no state tax. there is no state tax in florida. neil: boy, you should be -- [inaudible] you are a big beacon of hope there. doug and connell, thank you very commit very much. bill gates, rich guy in his own right in saying a lot of tax and deficit sake here's coming out of democrats right now isn't exactly encouraging to him either. what he makes of this trend to say tax the rich, after this. great news, liberty mutual customizes-
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neil: they're an interesting bunch and what we know about the 2020 democratic field thus far as a man or women reject in corporate tax donations. that can be a lot easier said than done. charlie gasparino sort of going through this. interesting. tranter wishard digest this and listen to elizabeth warren and how she posted that one of her rallies. let's hear what she has to say. >> that democracy should be for sale to billionaires and giant corporations. [applause] i don't take corporate pac money. shoot, i don't take pac money of any kind. charlie: did she say -- neil: she did not. she said the shoot.
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charlie: i don't take corporate pac money. by the way, she is the gift that keeps on giving. she actually makes trump looked semi-coherent at times. pac money that she received in 2017, 2018, ideological single issue. that is like move on.org. $176,000 weird labor, they don't like corporations, you would think she would put labor in the same category the same categories and the competing interests. she got $161,000 for them. actually got a few -- she actually got $2500 from finance insurance gurus. i'd like to see the guy at the wall street firm that gave her her money. neil: when she says no corporate money come issue right on not? >> she is right on the corporate, but she said pac. neil: let me ask you this. if they route to espouse that and stick to that, that is hard to do.
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charlie: they are still going to get pac money. by the way, kamala harris as another one running around saying we are not taking pac money, the she actually got more money than elizabeth warren from various corporations. neil: she's also got more money in small denominations like rock-a-bye when you first started. charlie: kamala harris got money from google. they all take pac money. the way they are going to rationalize the whole thing to kind of gain some points and say we are not going to take pac money when in reality they will not take corporate money which doesn't give a tremendous amount to people like elizabeth warren, but they will still take in tremendous amounts of money from other pac interest groups like move on.org, lake union. neil: guys in the democratic party will protest to getting
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money. neil: for you to say they would not be an influence would be a complete utter lie because they are. by the way, move on.org, labor unions. and could be -- with a different agenda. all i'm saying is we've done a lot of research on that and we'll keep doing it. say what you want about trump. i know he stretches the truth sometimes, you know, or more than not. but they are blowing tremendous amount of smoke by this whole pac thing. they've taken it in the past and will probably keep taking it in the future. neil: talk to these guys in the democratic circles. who are they putting their money on? i know it's early, but you hear a lot of buzz about kamala harris. a lot about joe biden enters the race. it's hard to say. >> here is what i would say in this reflects what i'm looking
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not kamala harris donors. they had bloomberg essentially to win. he could self finance. these are wall street guys. he is more malleable to their agenda, which is smaller government, less taxes, more privatization. neil: fewer big gulp sodas. >> they drink expensive wine. in any event, if he doesn't run and if it is all liberals and joe biden doesn't run and howard schultz doesn't run, i think kamala harris is on the bank on and maybe corey booker. i don't have his campaign contributions, the look at kamala donors in the past. google, cisco, big corporate law firm, silver lake partners, hedge fund, university of california, 21st century fox, she's got money from apple, comcast. walt disney.
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i mean, she's gotten saddam. that may back up here the one she's gotten recently and it's not as it's not us, so take us out of it. google something called dla piper, cisco systems -- systems, word or media, silver lake partners, those are the ones that gave money. they are going to say that she might be liberal but she's someone we can deal with. >> the market is up a lot today all and really do we a government shutdown. neil: stock investors trade off headlines. it is just something -- if we get a good trade deal that will go up. i just want to correct myself these other names that i mentioned, focus on the ones i just mentioned. the other was including not no contributions are the current. the ones i said to focus on is
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google, dla piper, cisco, one or media, silver lake partners the big hedge fund. i am telling you, based on not sort of outreach that she can be -- that business can deal with her. neil: thank you, charlie. the dow up 59 points. optimism they will go off -- ahead and sign off on the deal he doesn't like. the china thing is all a separate issue. a little more after this.
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neil: prices are going back up after amazon had flashed on. let's get to read from kristina partsinevelos. >> we know amazon bought whole foods back in 2017 and a lot of shoppers are hoping it will be lowering the prices and yes we did see the price of avocado a little bit lawyer but now the wall street journal is the first
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to report that prices of whole food products are climbing higher. there is a company e-mail sent out about 550 products will see their prices climb higher. everything from häagen-dazs i.c.e. cream to olive and cookies. the reason for some of these price hikes have to do with the fact that suppliers have reached prices due to inflation. there's been several contracts expired in whole foods decided to not renew them and move on to other suppliers. the labor and transportation have increased at fox business did receive a statement from whole foods alluding to those reasons and pretty much saying yes we are increasing prices but i want to highlight another on the next page saying many prices have also decreased and we continue to expand the number of promotions we offered to give our customers better value. this is where it comes in with prime. i spoke to one trader who said this is a good move because it will help profitability when it comes to whole foods because
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we'll have higher-margin and forced more and more people to become prime members. you constantly see discounts for members which makes it encouraging others on board. it is not just whole foods. over the last little while, several companies have announced they will be increasing prices due to higher commodity prices and the announced they would be increasing prices. that was most priestly and "the wall street journal" article yesterday that was published. i'm already seeing headlines talking about all the paycheck nickname is coming back because it requires your entire paycheck. nonetheless, will help the margin. neil: they have healthy margins. i know that. thank you very, very much. meanwhile, bill gates can easily
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afford whatever price hikes to whole foods might be considering, but did he just take a job at democrats namely alexandria ocasio-cortez. what he said that is resonating after this. nd anywhere else. plus a credit good for any audiobook and exclusive fitness and wellness programs. all with our commitment free guarantee and always ad free. the most inspiring minds. the most compelling stories. the best place to listen. download audible and start your free trial today.
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neil: [inaudible] >> said over about the deficit will to spend the money and do it appeared the >> that is some crazy talk. it's certainly albert gaining currency. >> well, that's creepy. >> that kind of talk about spending ad nauseam and running up the deficit is crazy. robin, one of -- what one of the world's richest men's richest man is saying right now is keep talking like that and you'll run out of breathing room here. deficits and debt have piled up under both parties are particularly alarmed by the ease of which democrats are embracing plans that could go into the many trillions of dollars over not too many years and he is worried. are you. >> yes, i am. the deficits increase by 20%
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under this president do not follow republicans here are concerned about our national deficit and a lot of the proposals my colleagues on the left are proposing unconcerned with specifically at aoc's proposal for talk and the wealthy 70%. i just don't see about working. i just hate that she's getting all of the air in the room. elizabeth warren has a plan that sounds much more viable but it's not getting any media coverage. neil: it's obviously had the point right now where steny hoyer is concerned and a lot of other leaders in the house are concerned enough to say dial it back and that's what he was telling me for the democrats. what is your sense of the daily back on for example the green initiative. >> they should be concerned.
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proposing higher tax rate will never see the light of day, but the challenges because they are stalking horses that make lesser environmental regulation seem as if they are somehow reasonable compromises. that to me is the bigger issue here. hoyer is correct in being concerned because what she is doing is pushing the democratic party so far to the left in having them sign on. every presidential candidate sign-on to the new deal which would take over 75% of the u.s. economy and our lives over to hipster commissars. it is clear she is making it easy to draw a line in the same showing differences between capitalism and what is communism and socialism. drink you obviously, they are placing their bets and this is
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what the passion of the democratic party is that we don't want to set the ones that are really galvanizing into this, but someone has to be an adult at the table so you can't do this, can't do this. the heart of a thread that needle? >> easy. right now, speaker pelosi has come out basically against these. not so much against the deal. she's basically said whatever you want to call it, and his new deal or whatever. she's not embracing the. but she's come again the tax plan so i'm following her leadership is more of my colleagues on the left especially these presidential candidates need to do the same because we're treading into dangerous territory here especially with the great new deal. it's kind of a wild fantasy. i am all for environmental protection and more control here , but not to the extent that
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were going to have no air travel. tree into a various that little sticky issue, but i wonder if republicans appreciate why this would become such a populist cause. you like the idea of medicare for everybody, by and large they go along with it. among republicans to about 51% or 52% support. part of happiness ones i don't have to pay for to get that. should republicans be a little more concerned that this is as popular as it needs to be? >> it's been an effective technique which is one of the reasons i'm not sure the best books you will our bill gates, michael bloomberg or howard schultz. having said that, republicans have got to manage a carefully. i think we do a bad job as republicans to explain purposes of the way taxes reporting.
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we saw the impact of it on the economy and we really need the communication we father was able to explain the purposes and reasons for tax cut and when you think about the tax cut but more than two thirds support so much and not level bipartisan nature because we haven't seen the same level of leadership. neil: i'm on a thank you both very, very much. a bit of a dilemma for both parties here. the dow is about 381 points. every dow component was going on for a ride. gary kaltbaum here. >> i'm inundated in the last few days with articles of earnings recession, and the united states
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going into recession that market is without a doubt otherwise. housing related stocks are turned the corner. names like lenore, and home depot, you've got the rails which are economically sensitive. financials are on the move. this is really good stuff and really good action and i'm a big believer is not the news, the markets react to the news. neil: it was good to see the same market that ran up throughout the last government shutdown so it sends a sometimes mixed signals. >> yeah, but all i can tell you right now since the low i think we've had one bad day of what i call big in touche and all selling. besides that, pullbacks have been nominal. even on bad news then again i
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just believe in markets themselves that they are the greatest seer of the future making something good is going on here. i complain about the easy money that helped the market along, but i have to believe we may be getting some sort of reacceleration of the economy both here and around the globe based on what they are doing. until things change, things stay the same and it's just getting better by the day. all of the economic way sensitive areas on the move and again, and not one day further in our selling. keeping my fingers crossed that continues. one guy probably not happy about this because a different future on all counts. the only question is are those
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bars will be. in brooklyn where it all went down. bryan. man who became infamous first taping in 2001 and an underground tunnel will be spending the rest of his life in prison. walking on choco guzmán -- he was leader of this in a little cartel on the prosecution brought a ton of evidence, a novel and should lebanon that this man led this in lol cartel made over $14 billion as he let this organization which brought in the most amount of drugs. hundreds of tons and marijuana into the american cities. the major area for the drug were saying they left everything out on the battlefield and ultimately that they will appeal. three months of trial incredible
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for this jury. they were partially sequestered. their identities remain anonymous for their safety and now has all come to an end after 34 hours of deliberations over the course of six days. and major vic three. the evidence we saw gave us a really good insight into how we fight the war on drugs. 56 witnesses. people who knew him close this including one of his many mistresses. el chapo guzman, life in prison here in the united states. >> thank you very much my friend. the fallout of where they could be landing later ron. also getting the latest on the storm hitting much of the coast including right outside of our sixth ave. new york city headquarters. more after this.
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neil: we got a nasty winter storm in much of the east coast including our offices here in manhattan. adam klotz, what is going on here? >> this is the system we're talking about. there is a lot of warm air moving with it. you're seeing lot of rain in western pennsylvania stretching farther south. everything in the green, those are flood warnings across a large area here. everything in the pink and blue, that is winner storm watches and warnings where we see the ice and where we see the snow. we've seen a mixture of that in new york city right on that line. you're getting a slushy mixture of snow and ice. it is rain stretching to the west. you need to be in farther northern reaches, with as much ice as we're talking about, it
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is issue come drive time, wrapping up the work day through the overnight hours. mostly clearing off by tomorrow morning. this is the forecast precipitation. a lot of areas of green where it is just rain. you get into the icy areas. that is running along new york city, farther at north, when you get to boston, likely all snow, areas to the north, you see significant snowfall areas up to six inches, 12 inches of snow. that across the northern reaches of new england. as far as you pay attention to it, there is the time stamp. it lingers throughout the evening commute, even into the early overnight hours. this continues to push through, i think by tomorrow morning, mostly, not entirely, this system cleared off. we see a little bit of snow on the back side. you do notice temperatures climbing in the low 40s, at least upper 30s. anything we have on the ground as far as ice or snow, that will have to melt for tomorrow. neil, we'll be paying attention for this one closely throughout the rest of the day.
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overnight, any thing we see tomorrow we'll see melt away. neil: adam, you keep track of this closely, how is this winter shaping up? it has been odd but how is it looking? >> mostly mild. seems within the next couple days, any snow we get across some of the upper regions, temperatures melting again. temperatures in the upper 50s next couple days. it has been a mild winter so far. neil: thank you, my friend, adam klotz. quick peek what is happening on wall street. the dow is up 400 points, virtually every single component of the dow, virtually all s&p 500 sectors, all 11 were advancing. financials, traditional economically sensitive issues, those that are more value oriented benefited from the prospect of a deal that will be signed to avoid a post shutdown. there is no guaranty ever that. democrats have the problem with at same deal. one reason why so optimistic,
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people seeing both sides are unhappy with the final creation, seeing that the final creation will be the ultimate one approved. we'll see. we'll see later on today. charles payne through the next hour. charles: neil, i'm so excited. we have music up in here, we're breaking major resistance points now. this could be the beginning of a next major leg higher. good to see you. i'm charles payne. this is "making money." coming up there tentative deal to avert another government shut down. we'll hear from mitch mcconnell and chuck schumer on the next steps shortly. president trump saying he is unhappy with the deal. wall street is assuming he will ultimately sign it that news put as spark in the markets early, right? we open higher, shifting wall street to the next major headline, potential trade deal with china. their horribled economy could actually be a problem with beijing delivering on any promises they make. meanwhile the market cheering news

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