futures near high of the morning another >> i will charles good morning to you and good morning to everyone. get set for a very big day. here's the timeline. the president signs the spending deal that keeps the government running but he doesn't like it. at the 10 eastern he's expected to declare a state of emergency. an he will use it to get 8 billion dollars from elsewhere to build the wall. the the democrats say e oh that's bad and they'll go to court delaying implementation of border security well the caravans will keep on coming the border crisis will get worse editorial on my parted, i blame the democrats and speaker pelosi i don't think they want a secure border. there are develops in china trade story, xi jinping met our top trade guys in beijing. steven mnuchin said that meeting was productive. they're working on a written memorandum of understanding to be used as a basis of a xi trump

summit and hong kong newspaper the south china morning post says top level trade talks continue in washington next week. evidently the market likes that news. a selloff has been reversed. the dow industrials are going to open with close to a triple digit gain at a very solid gain for the nasdaq up about a half percentage point they like the chinese news. big show. you will see the president at 10 and a q and a with reporters afterwards. that should be lively. and how about this? new york to business, drop dead. "varney & company" is about to begin. >> gets incredible. it shows to everyday americans still have the power to organize and fight for their communities and they can have more say in this country than richest man in

the world. cortez claiming win because amazon dumped new york, far left democrats killed a massive job creation plan for the city so what does the rest of the democrat party think of this and governor cuomo say about those who killed his deal ash? >> he said he would change his first name to amazon to come to knock the governor said so you can imagine he was furious when he goes news he said let me show you a part of the statement he said a small group of politicians put their own political interest above the community when poll after poll showed overwhelmingly supported bringing amazon to long island city the state's economic future and best interest of the people of this state the new york state senate has done tremendous damage they should be held accountable for this lost economic opportunity and i agree. we're all aired table. my gosh. unbelievable. crazy. could have been transformative event think what it could have

done for long island city, and ocasio-cortez did you want have the math it is not three billion dollars to spend not in the waiting to be spent on transit or school or anything but comes from amazon as i said zero divided by 3 billion is zero. >> you know all of the polls 70% were verify in favor of this. she said it is a victory seriously? democratic the about about that? >> you're right, i have no answer for your rhetorical question. but staying on amazon. jonathon with us look jonathon to me it is simple the left is waging now a successful war on business. go. >> well certainly, the left is always hated business, and why? stuart why? well because business is for profit. i mean, businesspeople like jeff bezos make money. they're self-interested. they want to create they want to build and that io ronically is seen as bad in today's culture that is seen as immoral it is

giving money away. it is sacrificing yourself that's what's moral to be out for profit seen as a selfish, evil even aoc mentioned to herself had we defeated richest man in the world the richest man became richest man by providing great service that millions and millions of people love so there's that hatred of self-interest that's and what is at the heart of the hatred of business. >> i don't to digress too far jonathon but do you think this pullout from new york city will hurt amazon or help it? >> well irony stuart is that it is not that aoc and other democrats are against cities. they would like you to think no we can't, they want to give the subsidies to someone else, i think that's what's so frustrating in here is any discussion of really handoff a private economy where there's no incentive no hatred for private enterprise an ignorance of not wealth creation but made in a free society. >> jonathon i'm sure or you saw

it but general electric scaling back their plan boston headquarterses they say they don't need the facilities. now so they're scaling back in boston. but they're fulling back for economic reasons rather than political reasons. right? >> yeah but they were given as i understand it stuart millions of dollars in incentives for massachusetts, and you know, to bring their company there, now in effect ge will be giving back to the state and that's good. look, what is that -- pans off government hands off so ideas to get states get out of this giving to other countries to treat every individual equally and every company individually and what states will find stuart is if they cut taxes people will gravitate to them. just so they have or for texas for decades and decades that's needed on state level. >> i could not say that better myself. thank you jonathon you're dead right on this. dead right i'm exasperated that's not a story. okay take a look at stock futures we're going to be up

nicely 100 points or for the dow. 38 for the nasdaq about a half what percentage point all around. i don't think the market cares so much about this national emergency. which may be declared at 10:00 this morning. i think it does care about the china trade talks which have been positive. joining us now economist john, john, looks like they're going to hold high level attacks next week in washington xi jinping met with treasury secretary mnuchin i say that's positive. the market is up because of it. >> i think you're absolute right and if they come to some deal to indicate more progress market will climb even yet higher. is this the most important factor on the stock market in -- in this year? that china, u.s. trade relationship and deal? >> without question and we've got the government shutdown out of the way. so the the focus right now is on the trade deal with china. this matter that you were talking about -- that was related to the wall about -- that's inconsequential the only

way it might have some weight is if for some reason this backfires on the president politically. >> that fires on the president politically tell me. >> you know what happens if he makes a decision that proves to be very unpopular with voters. on regarding the wall with and he loses some political capitol that would weak and a standing and that would bother the market. but that's in a round about way only. >> okay positive outlook for the market and economy? >> i think earnings are going to keep growing after a temporary dip in the first quarter. i think of the utmost importance that interest is rates not move higher in a manner that might worsen outlook for profitability. you know we've got good news on the core inport telling me inflation is simply not a risk factor. >> i don't to due or coverage but why not chuck your ten cents worth in, john?

>> this is sad commentary on what they call the new -- the green new deal or something like that, if this is gong to be the direction taken by economic fallacy and democratic party, i think it is democratic party is -- what they're telling people is that hey we don't really want you to have the opportunity to work, to better yourself. we think that we only want a certain type of job for you a green job something of that particular sort it sounds nonsensical they're going to start subsidizing production of transocean ioceanic train or so. i don't understand the reasons but -- >> it is so laughable. so laughable it is economic nonsense and i'm surprised that it has got to this point but we're there. unscathedded okay i'm cutting you off because so much going on today. john thank you very much for being with us as usual. >> thanks. now syringe stocks private companies reported early this morning pepsi for example, they

put out a rosy forecast stock sup a couple of bucks. higher cost and trade war worries. per john deere profits, farmers worried about the future of agriculture visa china not buying so many tractors actually the stock it down 3%. now, the government and facebook according to "the washington post" they're negotiating a multibillion dollar fine for facebook because of privacy lapses. suzanne first of all, have we any idea how much this could be. >> we don't know but not only washington post but wall street journal say there could be multibillion in the largest ever ftc fine ever on technology company, and they're alleging that facebook and in this case broke accord that was struck by this 2011, not to share users privacy data without their consent for third parties. and in this case we're looking at maybe two to three billion according to the reports. you know facebook may have to change some of their business practices as result of this. and also change the way they

collect data also to inform you when they do that. but you know, at the end of it we'll see. but they could a little take us to court but that's a long court case and it could have risk are as well as facebook. >> so investors, though, once you've got a number 2, 3 billion whatever it is. that number -- it is gone. okay but you can take care of it. google would find for on a less on a lesser basis but they only pay 22 million in 2011, 2012 compared to two to three billion a difference between numbers. >> sure enough peanuts for facebook that's for sure. let's get back to the market because we're going up at the opening belt today thank you very much. about 100 points despite all that's going on in political background. up 105. then we have disney's content juggernaut no sign it have slowing down the latest movie captain marvel expected to make more than a hundred million dollars to surely help disney take on netflix in the streaming

wars. well, first it was bill gates now sir richard branson another billionaire calling on rich are to pay or nor in taxings. yeah we're going to have to deal with that and president trump will speak live from the rose garden in less than an hour he's expected to declare a national emergency and drag it out in court. you will see it all unfold on this program. a product of mastery. lease the 2019 es 350 for $399 a month for 36 months. experience amazing at your lexus dealer.

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massachusetts governor bill will be a presidential candidate in 2020. i thought he was a republican. >> well he was actually on the libertarian ticket in 2016 but gary johnson. but he's now become become to the gop fold he says today, he's going to attempt to defeat donald trump or the very least hurt him with a primary challenge it is the only reason he's doing it mississippi governor from '91 to '97 a big believer on conservative on spending during 2016 campaign he likened donald trump immigration proposal to darkest moments in world history. >> did you just say blah blah blah -- >> i did. okay very academic. about politics. blah blah blah -- >> how about nvidia big time maker they didn't to as badly as analysts thought they would do. so the the stock goes up 5%. go figure. profit missed mark and they're

down two and a half percent. president trump is going to declare we think he's going to declare national emergency at sorn border they say this sets a bad precedent larry o'connor with washington times i think democrats could have a point here. because some way down the road a democrat president could declare an emergency on climate change. or an emergency on guns, for example. smg well first of all i don't think a democrat would hesitate to do such a thing whethers there's a precedent or not president obama we saw execute dream of the daca act without any precedent there that's challenged in the courts i'm told by those smarter than me about substitutes that the difference is there are existing laws on books with with regard to building barrier on southern border. congress voted for this. they just never really funded it. so for the president to do this, he actually has existing statute

not in gun con confiscation if alexandria cortez were to do such a thing. >> do you think this will fly politically will it be a political success for the president? >> yeah i'm not sure depends how you define success if a whole purpose of this is to indicate to his base and indicate those who do want border security taken seriously that he's willing to do anything to fulfill that campaign promise, well sure i think that that sends that message. but the real tangible concern here is from some people even people within his base, is that by signing this bill, this spending bill he's making this situation worse. because there are provisions in here that expand catch and release the democrats were intent on making sure is there were fewer beds or for i.c.e. to detain a criminal illegal alien and if he's caught drunk driving they need to be held pending review so they can be deported now because they're fewer beds our -- our expercent over at i.c.e. and

homeland security say we have fewer to detain so that drunk driver criminal illegal alien back driving in your neighborhood that's a problem, and since signing this bill will exacerbate it. >> i want your comment on -- on ocasio-cortez claim victory buzz amazon is not coming to new york seems like he runs the democratic party these days. >> ask govan cuomo a democratic who blamed democrats like xangd alexandria ocasio-cortez for this and they owe the bane of my existence down here, stuart so this isn't about amazon. if politicians want to get a better deal when they're negotiating with the company to bring jobs to their district negotiate the deal but it is shocking to me to see democrats like cortez celebrating acting like they've won something this is 25,000 jobs in her district. you know this thing was going to be near a public housing project that people who live there were

hoping they get jobs out of this. the majority of new yorkers in the the last poll said they were in favor of this. i don't know what they're celebrating about. >> neither do i. new york to business, drop deaded. larry o'connor thank you. that's the way it is. larry thanks for joining us, sir, appreciate it. look at futures please we're still looking at a triple digit gain at the opening bell that would be a gain of .4%. us nice gain for nasdaq up about a half percentage point going up this morning. and we're waiting for president donald trump to declare a national emergencied at the borr you can bet democrats will take it to court, delaying the president's plans. we're going to ask judge napolitano how about that they? after this -- ♪

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from $899, during the ultimate sleep number event. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to hit the ground running. only at a sleep number store. during our presidents day weekend special, save 50% on the sleep number 360 limited edition smart bed. plus, 36-month financing. ends monday. sleep number... proven quality sleep all right expected declaration of an emergency for the border, judge napolitano joins us on the phone. judge i'm not so much interested in whether the legalities here whether we can declare miranda warning or not. i'm interested in how long the democrats could delay this thing by going to court. what do you know? >> well you know with when president truman sees steel move in 1952, obviously, a different era and similar situation occurred directed secretary of merse to occupy steel mill during the korea war

during a steel strike it took the supreme court about about two and a half weeks to resolve the issue. so the judicial system can move very quickly. now you said that democrats you didn't say that judiciary. the democrats may have is something up their sleeves and, of course, it would require republican corporation the the house can enact any resolution it wants meaningless other than for p rrgs value unless the senate does the same. but if the congress were to enact a resolution nullifying this, that would profoundly set it back and then we would have a political crisis on our hands. >> but in terms of the courts they can move quickly, stuart. >> but to do that, to nullify declaration of -- sorry of an emergency, the republicans senate would have to go along with it and as they think they would. >> resolution by just one house of congress is meaningless. so i don't know what's going to happen in the courts.

i don't know how long they're going to take. but they have the mechanisms to move quickly if they want. >> there's another side of the coin here john roberts here is reporting that president could get extra four billion dollars which would not be threatened by litigation. now that money could come from the military, i believe, and the drug health and human services too. so i'm sure that those who are going to challenge this will challenge everything, and it will be up to courts to sort it out but let me tell you what will slow this down with respect to the people and goals i don't think they've thought of this. the federal government does not own the land on can which it wants to do this building. and eminent domain these are state litigations in state courts is what will slow this down beyond the president's present term. >> sorry judge i have to go but thanks for jumping on phone this morning. thank you, sir. look at markets gone up some

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i'm going to predict a very big

day not just at the opening bell but throughout the day we're probably going to see the president declare a state of emergency on the border and we're probably going to get a whole bunch of reaction to china trade talks. all throughout the day as we go along, right now it is bang, 9:30 eastern time and market is opening as we speak. we're opening with a gain of 130 points straight up 150 points. right from the get-go 156 is where we are and that is let me sew now that's about two-thirds of one percent. solid gain, how about the s&p 500? what's that doing this morning? it is up -- a bit less but still nicely higher, a half percentage point gain there and nasdaq same thing up more than a half percentage point all across the board we're up right now are. david dietz is here eddy is back with us. but his family too. >> yeah. [laughter] season lee and ashley webster i think the market is up i think the market is reacting to positive trade developments. rather than a national

emergency, what say you? >> absolutely. xi got into the act to have another week of negotiations all of the chip hads are in president trump's hand as to whether to sees the tariffs. >> we're up 216 points right now this is all a about china trade not an emergency. >> 100% the why we're so bullish is fed is is off the table l right now with a big selloff in fourth quarter they're off the table all about chyna tariff what other dark cloud keeps the market down? >> risk of going overboard i want to bring up amazon dumping new york city. i can't get away from it. look david, huge loss but new york city and a the state. >> we can put a number on it 27 billion. how do you have prosperity in jobs you don't make your situation your regulatory framework reasonable? >> why would any business relocate to new york city? with such a hostile environment? >> look anyone with half a lack of business knows you spend 3

billion to get 25 billion in return, with 25,000 jobs, i tell you what, come to delaware amazon if you're listening we will take that. [laughter] chncht of us would turn a deal like that down 3 pl or up maybe 27 billion down the road. >> the real estate that will hurt real estate market in that area with speculators in anticipation of this. >> what emergency does it send? >> what about like we said new york to business? drop dead -- that's what it is. [laughter] look at that. amazon stock this morning not affected at all. not -- 1628 there you go. i have to move on. [laughter] they waited the government and facebook working on a multibillion dollar fine over privacy lapses. is that affect the stock? >> i think if they can get this behind them it could be positive catalyst because this is hanging over their head right now. they'll pay the fine it is in their best interest to setting it versus going to court and

then they can focus on fundamental and growing their by. >> and right now in the face of this fine, stock is at 164 up in just a tiny fraction in a big gain of a day. all right, check that big board it is worthwhile. we're up 200 points as we speak. that puts the dow at 25,600 well above it actually. individual stocks here question go. higher costs and the trade war with china hurt deers profits, farmers are a little worried about agriculture going forward china. a rosy forecast from pepsi and i believe that stock is up. yes it is. about 2% there. nvidia they gave a strong outis look that's why it is up. their revenue is down 20% or something. target outlook it good up goes the stock. at cvs, they missed their profit mark, according to analysts, they are up a what, 20 cent that's it. now, disney's captain marvel that's a movie debuts next month. >> it is. why with are you laughing?

>> i don't know funny. i had to pongt out that it is a movie. if you just say captain marvel you have a game or -- what? >> comic book. >> i didn't know until my kids told me this morning. >> i brought the name in -- [laughter] >> fine looking kids by the way. wait a second that's content isn't it captain marvel will bring in 100 million dollarss in first weekend or so. that's content for the streaming deal. >> disney marvel juggernaut is king but, of course, they're up against netflix and a ultimately how do you get it to consumer as well. it is streaming is key, disney has to get into that streaming game big time. >> do you know that disney or netflix oning streams battle or just go forward? >> netflix will win in short-term but disney is one brand to compete with them they have a lot of work to do? >> what's had the price point on their service? on disney undercutting netflix? >> i think they have to in order to be competitive. >> once you get a consumer in

and good content they'll stay with you. smg there's not competition on price but competition on content? >> i would pay 9, 13 if i can get movies i want to watch but it goes to show in hollywood that you can't make money or anything but superhero movies aqua man verse nondisney marvel movies across that mark. >> if disney charge 7 bucks netflix charges 10 or whatever it is. that's not just -- significant difference to make me -- >> especially if you want your "star wars" and marvel movies and there you go. >> i can't live without marvel stuff. i can't live without it. all right warren buffett berkshire hathaway here's what they've done they've sold a article and bought a stake in red hat and trimmed their stake in apple not much difference to any of the stocks including well -- down 30 cents they have a 3 billion stake in apple itching to say something. don't look back when trying to manage your portfolio what they

have done may have nothing to do with what they're doing now. >> red hat ibm hat didn't play out that well with many years of, you know, i would say underperformance or for the stock so red hat ibm combination of 34 billion might be a revisiting of the -- >> red hat went public. that shot 190 a share now that thing has gone up up. general electric scaling back its planned boston headquarters. no longer needs the facilities, david you're a true believer in ge it is now at 1014. stock has most offed up from 6 what i like here is, what they're doing here in terms of scaling back that big new boston headquarters is there are no sacred cow. larry is serious about cutting costs and i totally endorse his move here. >> where do you get the money from anyway what's the diffed it end a penny a quarter at this point? >> that's what it is -- they've basically cut dividend down to zero essentially this is part of their leaning out process. ge has a long road ahead of

them. but this is a step in the right direction in regards to trum aring the fat and getting their expensions undercontrol that's why they've been selling off pieces of their business so i think leaner and meaner is better for this country. >> am i right in say that you bought it and hold it and you wouldn't tough it within a 10 foot pole. >> when it went to 8 i did -- you did buy a little bit but a small percentage that's my speculation gambling money. >> you bought it at 8 and now at 10 you sold it you have a 25% profit. >> i'm greedy what can i say? >> sold it -- not recommending it, too speculative. >> i'm not a client of yours. oh, you're going to love this, ash. america's biggest meat producer tyson, they're going to offer vegan protein. >> why? >> a lot of people don't particularly care for red meat. >> this is not that old guy. people of my age shouldn't eat

in steak every day it is that simple. susan -- >> okay well, obviously, there's a big wellness market for a lot of these new players. so i think you know they're basically giving market what they want. >> qow eat fake meat? >> i would. would you? >> i would not eat fake meat nothing i like more than a nice steak. >> you're young enough -- [laughter] so do we judge this vegan meat to be a success or a failure? >> question is find out where tyson could be successful in nonmeat because they're associated with traditional meat. >> right are. you're right. i'm sorry i'm caught by prompghter there to discuss the virgin ground founder or sir richard branson. sir richard a billionaire, and he wants higher taxes on rich. >> if rich can't do more to pull up those that are struggling in life then yes he says they should be -- subjected to bigger heavier taxes. he said it is upon those who can to try to help those who are

struggling to make it in life. >> i'm tired of these must not make it and if you do you give it all up. please come on. would you like to back me up on this. here's the thing show me what you do with extra tax revenue is it going to go to help or is it going to go in this pocket to spend -- irresponsibly. i have nothing wrong with helping others. we do it all of the time in our family but you can't make blanket statements like this. show me books where extra revenue goes before you push a agenda. >> i'm the tired of foreign centers coming over here. and exactly, why is british still export their socialist? i just don't get it i really don't but i'm on rampage today i have to say thank you to your lovely family should be is proud. david thanks for joining us as usual on friday. almost 9:40 eastern time and this is high of the day.

we're now up 252 252 exactly one percent up and a gain all across the board. thin we have visa and a mastercard they're gong to start charge retailers more to process those credit and debit card transaction it is starts in april. storeses are respect expected to pass increases on to you. stocks up but you'll be paying. become to amazon they're pulling out of new york city. next we'll talk to a city council member a new york city city council member who said a few loud voices on the left destroyed the chance to make new york better. i want so ask him why any business would now come to new york city. i wouldn't. i will go live to the white house where president trump is is expected to declare an emergency at the border that happens at 10:00 this morning. back in a moment.

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if you'd rather be home, ask your doctor about neulasta onpro. pay no more than $5 per dose with copay card. ladies and gentlemen it is a friday morning rally we're now up 280 points well over 1%. we've got a rally across the board this friday morning newel brands make sharpe markers elmers glue big a weak forecast for the future taken to the cleaners down 17%. that is newel brands check retailers, hit hard yesterday after retail sales in december were town. that down by the worst amount in about a few yearses. not much of a rebound today for any of them. another victim of paisless shoes wow going out of business soon? >> discount retailer going out of business 2300 stores are to

close and you can imagine the jobs they'll take with them this is a second time the payless shoe store is expected to file for bankruptcy that's expected to happen had at the end of this month but it goes to show that brick-and-mortar there isn't a recovery underway pesly. because not just payless shoe announce bankruptcy in the last 12 months -- but toys are are uses they couldn't get that 5 billion last minute hail mary lifeline from eddy, but the 2,000 stores by the way are all expected to close this year from other retailers as well as the j.c. penney of this world et cetera, et cetera. so the trend is still online. >> retail ice age brick-and-mortar ice age to be more importantly. okay. all right amazon not coming to new york. not bringing their money. not bringing their jobs to long island city. joining us now, eric, republican counsel man from queens, new york welcome eric. >> good morning great to be here. the disaster -- >> a boondoggle what happened.

>> did you blame the socialist? >> absolutely. i blame all of the self-serving a politician, who were supposed to be looking out for their constituents but instead they sold out best interest of the city, and blew away 25,000 good paying jobs okay. just doesn't make sense, and you know, wall street journal editorial today hit the nail on the head they said even three billion dollars in subsidies wasn't enough to keep amazon from you know, leaving town. what happened was we have such a toxic business environment in new york it is the only city in the world where we probably you know kick the gift in the mouth instead of welcoming jobs any other city would roll out the red karpght for any large company that come here to create good paying jobs. and new york city for whatever reason we just chase them out of town it was awful. >> it was extraordinary to me that you should have such an antibusiness climate xangd ya ocasio-cortez accuses amazon of exploiting workers, you know,

eric i would love to be exploited for 150,000 a year. go ahead. >> there's no government program or welfare program that is going to be a lift poem out of poverty the same way a good paying job would. amazon has a solid reputation we were excited this would have been a game changer for queens, it would have been a great edition to the city of new york. just think about what message this sends to other large companies that are thinking of coming to new york. they say new york is not open for business but not a business friendly place when you have something in writing, it is not worth the paper it is written on, you're tbing to get harassed you're going to get targeted by politicians to shake you down, media will attack every day it is just not worth it for them and i can't blame them i'm a very upset about amazon not coming into queens and new york city but blame them after harassment that put them -- >> what do your constituent think about this? you represent queens? >> my constituents like the majority of new yorkers poll after poll after poll showed a vast majority of new yorker

supporting this deal even people that live adjacent to the proposed facility wanted this. why because they want job and they want economic development and they want investment in the community they wanted affordable housing they wanted the new school that was going to come across as part of this deal. there were a number of benefits that were part of this package. that we can kiss tboob now, and by the way, the people who are popping champagne bottles last night celebrating literally -- dancing in the streets because amazon pulled out yesterday. they don't have an alternative plan. they don't have someone standing behind them offering to bring in 25,000 good paying jobs when amazon left, it is over. the party is over, and we are to blame. >> is it the world turned upside down? >> i don't think you can do anything it be. i know you're up for angry about this and so am i but there's nothing we can do. amazon is not coming back. >> something we can do because i think if people are upset about mayor de blasio and march towards socialism and democratic

party in big cities like new york, people have to vote. okay we have a special election coming up february 26th, and 11 days for new york city public it is a nonpartisan special election with no democrats or republicans on ballot because it is a nonpartisan race this position really can because politicians sold them out on amazon and wal-mart on so many deals over the years. where average new yorkers and people who could benefit from these things were getting the shaft. >> i think you're first republican i've met in new york city buts that's another story -- we are indeed -- eric it was a pleasure to have you on this show i sympathize it is deplorable. >> we're fighting the good fight. >> thank you. we appreciate it. all right check that big board again. why don't we?

yeah we'll do that up 288 points if you look on left-hand side of the screen for radio folks there are 30 stocks in the dow, 29 of them are up. what's that one -- apple? apple is the only dow stock that's down. not by much but it is down. you're looking live at the white house where president trump will declare a national emergency at the border. take a -- we're going to take you there when it kicks off 10 just after 10 maybe you'll be there. you will see this. i promise. now i'm thinking...i'd like to retire early. let's talk about this when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours.

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seeing my family wearing my shirts was such an amazing reminder of all the love and support that everyone has for my dad. - [narrator] check out our huge selection of custom t-shirts and more, for teams, businesses, and every occasion. you'll even get free shipping. get started today at customink.com. it is a rally, why? largely, i think because of positive news on china trade. they are preparing a memorandum of understanding which could be used as the presummit document on which they'll bring together xi jinping and president trump at some point in the future. that's regarded as positive, and market likes it. we're up 274. you're about a thousand points away from record highs from the the dow 26800 so i guess that's december jitters are far behind us -- >> absolutely. we've come a long way january and februaries at 257 as you say that a thousand 11 points from the all time high. got it now president trump he's

going to speak from the rose garden shortly expected to declare a national emergency. but ash i have got this question. now he wants extra money to build a wall where's it coming from? >> expected to move without 8 billion dollars worth and currently appropriated or available funds according to the white house coming from such things as drug money from the department of defense. appropriation money from the department of defense, so maybe two billion from them. listen, if you look at all of this this is challenged in court there's no doubt by those who say you can't do that. john roberts of fox news says he believes based on this, they could end up with about four and a half billion that could go unchallenged. unchallenged that would be it is not everything that they want but it would -- a nice start if you like to build the wall. >> larry o'connor with us in d.c., larry if he gets this four billion dollars that's not delayed, not challenged. he's on his way to building wall, isn't he? >> spot on with that analysis there's money coming from treasury pungdz that are specifically earmarked for law

enforcement support. there's money that has been earmarked in dpght of defense, to stop the war on drugs, you know we've got more deaths than opioid crisis than in all of the vietnam war that money by the way, specifically sayses that they can use it for infrastructure and fencing and barriers to keep the drug trade from happening. so there is money there without even declaring a national emergency. and i mean many of us us wish that he would had just gone from his swearing in on day one gone to white house to do exactly what he's doing today. >> what do you got? >> the military construction program by the budget or for that. that's untouched that's over 2 billion right there. >> okay. okay. you know, quickly larry looks like maybe some money from elle chonpo could be going to build -- >> that was senator ted cruz idea and it is a brilliant one blood money and be a positive use for that. >> i love your language larry o'connor doing this right. thank you very much larry now then we're waiting for president trump going to speak are from

the rose garden. it is going to happen any mommy. >> 10:30 now. >> all right pushed it back a bit but stay with us please because you're going to see it all a today. markets, the president, china trade, the whole lot lay it out for you. we'll be back. but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have

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and consider joining their groundbreaking campaign to give every american the right to remove old, inaccurate search results by going to righttobeforgotten.org. vo: if you have search results that are wrong or unfair, call reputation defender at 1-877-492-6705. stuart: good morning, everyone. it is 10:00 in washington, d.c., and president trump is about to make a major speech. from the rose garden he will

declare a national emergency to get the border wall built. the media is there in force. you can expect a lively, almost certainly contentious faceoff after the speech. you will see it all. you're going to hear a lot more about amazon's retreat from new york. the socialists are claiming victory, kicked them out. new york has taken a huge financial hit. the democrats are learning there is a price to be paid for letting the far left lead the party. the market seems to be concentrating on positive china trade news rather than the emergency declaration or amazon. xi xinping met our top trade guys today. it was productive said steven mnuchin, there are reports that top level talks continue next week and a memorandum of understand something being prepared to lay the groundwork for a xi-trump summit.

we're up 287 points, 1.14%. this is a very strong rally and it is all across the board. look at caterpillar, that is one of the biggest drivers of the dow. it's a dow stock. it is way up -- look it is up 1.7%, that is really on this positive trade news or, it is construed as positive trade news. i think that's right. look at nvidia, very strong outlook. that makes the it the biggest gainer on the nasdaq, up 2% but a nice gain there. newell brands, all kind of consumer products. biggest drag on the s&p. they came down with a downbeat outlook, the stock is down a whopping yes, cystein% to -- 16% to the downside. how is big tech doing. huge up day but not for big tech. amazon is down a little, 1610.

facebook down a little at 162. alphabet is down at 1120. good ol' microsoft, yeah i do own a little sliver, they're up a little bit at 107. the price of oil at the highest level this calendar year, $55 a barrel. i don't know how much impact that is having on the stock market but it is worth pointing out that is the high for this calendar year, 2019. very shortly president trump will speak on national security and the crisis on the southern border. that is coming up momentarily. stay here you will see it. we have dan clifton. the democrats say, when you have got a declaration of national emergency, that that sets a bad precedent. >> sure. stuart: what do you say? >> well, first the president is moving forward on what he told the american public he was going to do. this was the priority of his. he tried to get it through congress. he believes it's a national security justification. and he is using a precedent that

has been set by previous presidents going back to 1976, including multiple times by president obama and president bush. the question is the scope of what he is doing. most of those have been direct foreign affair actions. this may be a little bit more of a gray area and that's why we anticipate we're going to have a lawsuit filed as soon as the president declares that national emergency. stuart, that takes it out of the political realm, puts it in the legal realm, and will allow the courts to work its way through how to do this. how this gets decided by the courts will ultimately whether the democrats use this measure if they ever take the white house again which is a possibility. they may try to do it for guns. they may try to do it for climate change. they will see how the legal argument is presented. let me make one point by the president. after the president was rebuked by the courts following immigration restrictions he took in when he took office, this

white house is very careful, dotting their is, crossing the ts on any type of legal action. we think they have been epfromming for this moment for two months or so. i think they have a strong legal case going into the court cases. stuart: dan clifton, hold on just one moment, please. i have to the late numbers coming in here on consumer sentiment. i believe it's a good number. ashley: it is the first reading of february coming in at 95.5. the expectations i know you hate those but we measure it against that and the consensus was 93. the final number for january by the way was 91.2. so 95.54, first reading in february is pretty bullish. stuart: the market reacted favorably. now we're up 280, 290 points, 1.1%. i guess the market likes the china story news and consumer confidence story news. ashley: yes. stuart: and i think they're ignoring a national emergency quite frankly. dan clifton, back to you.

>> yep. stuart: do you think the president wants to look strong by declaring a national emergency, so he looks strong in negotiating as he prepares for china tried talks? >> absolutely. i think this is very linked to the china trade talks in two respects, stuart. one, to your point he is showing he a leader he is bold, he down care what the rules are, i think world leaders notice that but number two, his base fully support what is he is doing on the border wall. that gives him a little bit more cushion to be able to negotiate with china, let's face it, the china deal will not be a perfect deal. there will have to be compromises on both sides. if the president compromised on china and didn't deliver a border wall, i tend to believe the base would be very upset by that taken together, getting the border wall, negotiating a semifood deal with china, i think is strengthening the position of the president as we start to think about the 2020 press lendings election. stuart: is china trade

relationship, china trade possible deal, is that the most important issue that this stock market faces right now? >> absolutely. we came into this year with a very hawkish federal reserve and uncertainty about trade. both of those items are being fixed. the fed is now on the sidelines. china is starting to get resolve. as soon as as it looked like there would be progress the first week of january you have seen equities take off and they have not looked back. very important, stuart, capital expenditures has been on the sidelines until we got resolution of this. as soon as the president cuts the deal, prevents escalation of tariffs you will start seeing capital expenditures coming back online and that is very, very positive for u.s. economic growth. 2018 was a great year. i think this china trade deal is going to make 2019 an even better trade deal, if the president is able to execute it. stuart: dan, hold on a second. i will break away from the political background here. on the left-hand side of your screen they're preparing for the

rose garden for the president's statement, we believe comes up in a few minutes time. you will get there as soon as the president does. now this "the washington post" reports that government the and facebook are negotiating a multibillion-dollar fine over privacy lapses. what can you tell us, susan? susan: could be the largest fine ever levied for a tech company by the fcc. two to three billions of dollars of fines against facebook, breaking an agreement, with the ftc they signed in 2011, they would have to notify users if they share private data with third party companies. of course cambridge analytica, others shall we say scandals brought into question. two to three billion dollars is lot more than what google paid in 2012, which was largest fine for breaking any ftc agreements. google paid only $22 million.

2 billion? some say facebook has to change business practices. stuart: chump change? ashley: chump change. stuart: 2 or 3 billion is chump change. that is chump change for facebook. the stock is down a little. the down a buck 60. they're not exactly taking it on the chin. we're awaiting the president to arrive in the rose garden declaring the national emergency on the border. the media is waiting, so are we. i do declare. it will be good tv. ain't that right. we are covering other stuff, amazon saying see ya to new york city. is new york really telling big corporations to just drop dead, go someplace else? sure looks like it. okay. later in the know we have canopy growth, that is a canadian marijuana company. they report surging marijuana sales thanks to weed being legal in canada. next hour i talk to the ceo.

>> canada, colorado reported $6 billion in sales for recreational marijuana since 2014. stuart: that is since they legalized it. >> 1 1/2 billion last year. stuart: stay there, please, a very special guest coming up right after this commercial break. he looks a lot like me. >> what? ♪

stuart: yes the rally holds. we're up 284 points as we speak. good news on china trade being termed as good news. that is why the market is up nicely. higher cost, china trade dispute has hurt john deere profits. the stock is not down that much. it is down half a percentage point. down 90 cents. hardly falling out of bed. how about pepsi? rosy forecast. expect the stock to go up. that is up 2%. amazon as you know by now, we've been harping on it, canceling plans to open a second headquarters in new york city. here is what alexandria ocasio-cortez says. she says, anything is possible. a group of dedicated new yorkers and their neighbors defeated. amazon's corporate greed, its worker exploitation, and the

power of the richest man in the world. we bring in gerald storch. he knows more about retail than anybody i ever met, i want you to tell us, i want you to agree with me this is catastrophe for new york city. go? >> political shenanigans around this are ridiculous. obviously it's a not good thing for new york city. for amazon, an example they're losing their luster. in the old days people would do anything they want. the issues about not paying taxes, treat their workers, jeff's personal issues, take -- stuart: i hate to interrupt an expert like but i'm going to do it. ocasio-cortez says amazon is exploiting workers. any day that you want to exploit me at salary of $150,000 a year, exploit away,. >> i totally agree with you. this is, like i said, this is an example of, you know horrible

political infighting and horrible opportunistic political activism. there is no two-ways about that. this kind of subsidy they got people argue about, is very commonplace dealing with this magnitude of jobs. of course it is a problem for new york. all i was getting at, it is not good for amazon either. they didn't look very good. they didn't handle this right. stuart: you're a retail guy. i look at fifth avenue new york, i see retail operations either closing or running down their operations. it is not the way fifth avenue used to be for retail. i would have thought new york city needed some input here, not this rejection of business? >> new york city needs a lot and you know it is a very high-taxed environment. now increasingly surrounding communities and states and it is driving people away. there is no doubt the influx of jobs would have been something might be able to reverse underlying trends are not good for the tri-state area at all.

stuart: look, you're the retail guy. obviously you saw it yesterday, in december, retail sales fellest drop i think in nine years. what do you make of that? was it just a blip? >> on one hand the trends are same we see, department stores did poorly, internet did better. level of absolute sales was disappointing. when you look at it a lot is going on here. many people believe the report may be wrong, and i'm one of those. the raw data shows sales grew in december versus november by 8%. the year-over-year increase was 2.3% december to december. what they do they seasonally adjust the sales. i'm not sure they got that right, and took down the december sales compared to november. i'm not sure they got all the internet sales in there. the number looks suspiciously very low, very low growth to the internet for everything we're seeing. i'm not sure they captured

marketplace sales for amazon, grew 30%. third party sellers, are they getting that data? not getting it the all. that is from little guys. there may be something wrong with the report. all the data points show a different answer what sales were like if december. if that is what will happen, we'll know a lot in a few days. walmart reports earnings. the biggest guy, next week i believe on tuesday, if their numbers aren't terrible, then this report was wrong. stuart: got it. gerald storch, thank you very much for being with us today. very important day. we always appreciate it. >> my pleasure. stuart: okay. as we keep telling you any moment now the president will speak on national security and the crisis on the border, stay there, please. you will see the whole thing. look who is here. he just can't stay away on a day like that. this man is an international best-selling author. if you have forgotten his name. it is mark steyn. >> actually i'm like amazon,

stuart. i can stay away. but i'm happy, i'm happy to be here. that is actually, you know, the thing is, i was listening to what you said there, this is a hollywood movie. as the left sees it. 29-year-old former waitress, just took out the richest guy in the world. and so, if this were a movie, she would be the good guy and he would be the bad guy. and the big social media cart at the, your facebooks, your googles, your amazons have a good run, basically the monopoly providers to the planet, yet presenting themselves as leftist hip. bezos says, look, i have a transgender bathroom and i'm worried about climate change, all the rest of it, yet aoc turned her, turned him into a conventional corporate villain. stuart: i have just got a warning any moment now president

will emerge and approach the podium. start his address. he will come out and declare a national emergency. >> i want him to come out saw a few weeks after he announced his candidacy the trump i saw live on stage after the new hampshire primary. i want him to emphasize, that this is the central plank of his administration and that he has been under siege from, not just from a deep state coup but from a washington establishment that wants to destroy every aspect of this -- the democrats have gone full open borders. it is about potential sponsors of unaccompanied minors. you might be thinking about potentially sponsoring unaccompanied maybe, me, maybe, in 47 years time. you're covered by this amnesty.

that cannot. he has to push back on this stuff seriously. stuart: a declaration of a national emergency is a hard-line. >> yeah, absolutely. stuart: you say he has got to do it. >> they're preventing from defending national frontiers of this country. they didn't do it to obama where they wrecked u.s.-canadian borders, he bought up farms that straddled border and dropped in starship enterprise, and widened two lane blacktop for eight lanes and two cars an hour rural wisconsin and quebec. it was in the business. stuart: obama did that? >> anyone here from north troy, vermont. anybody here from north troy vermont? >> no. >> you would think it is the palace of most powerful emperor

of either. if you look at your own house on google either, look closer, closer, this thing you can see from the moon. they did eight lanes for a border post that gets two cars an hour. one lane per car, six for the department of homeland security to go bowling in. nobody told him he doesn't do it. ashley: that is remarkable. stuart: i didn't know anything about that at all. no wonder you're a favored guest. >> north troy. do you know mansonville, quebec, susan? susan: lovely part of the country. >> talking to all the canadians here. stuart: we did get the two minutes warning but that was three minutes ago. so look, this is going to be just fascinating. number one, you will see the president of the united states, i'm pretty sure he will declare a national emergency. when he has done that, you will see the national media have a go at him. ashley: that is when the fun

begins. stuart: i think he is going to respond to that. ashley: oh, yes. stuart: i can't see this president lying down saying oh, hit me, hit me. do we have blake burman there? reporter: i'm here, stuart. stuart: am i right we'll see fireworks from the media after the presentation? reporter: joking with one of my colleagues here we got two minute warning. that normally means five minutes or so from the white house. we should get the president here any moment. your question whether or not we'll see fireworks, stuart. we're not sure we will get questions from the president. or if this is statement. then he will walk off-camara, back into the oval office. the president, we know, will be signing this spending bill from up on capitol hill. he will be declaring a national emergency. he will be taking executive actions, whether he does all of that today or over the weekend or at some point before essentially the tuesday morning deadline, we will presumably find out here from the president momentarily. we also know, stuart, some $1.375 billion in the bill is dedicated to quote, unquote, border barriers, the white house

will try to get the number up to $8 billion through executive actions. when you sort of break it all down, there is about another 3.1 billion which the white house feels they get in the very near term at, add to that the 1.4 billion in the spending bill, you get four 1/2 billion dollars which the white house feels they can get to fairly quickly here. there is other monies on top of that. that gets you to 8 billion or so. we believe we hear the presidents start to lay some of this out, i doubt in severe detail, there are a lot of details with all of this how they proceed forward. one of the overarching themes going forward, stuart, yes there was agreement up on capitol hill. the politics at least for the moment are finished, but politics surrounding this issue, have very much begun, the legal battle surrounding this as well are just about to get underway. stuart: thanks, blake. mark steyn still with me. we're not sure whether or not he takes questions from the media.

i can't imagine this president saying no questions. >> he does that very well. he would look weak if he didn't take questions. he needs to take the bat, smash it down their throats on some of this. stuart: be careful. >> no. i'm speaking metaphorically i hasten to add. in case "varney & company" s.w.a.t. team is kicking me down. he can't afford to be meally-mouthed on this. they want to drive a stake through his presidency. they want to kill his presidency. stuart: they do. >> they tried to do this in various ways. if we were not talking about this, the mccabe thing is a scandal because it's a deep state coup. they're trying to do this, not only in policy ways, they really don't want it to happen. this is not about building the wall, but a symbol of the recovery of the american people's sovereignty on this

issue. stuart: thank you, mark steyn. jason chaffetz with us, fox news contributor. jason, i can't think of this president walking away from any questions shouted at him from the media? >> no the president feels passionately about this issue. he knows the issue well. it is part of his presidency. it is part of his getting the nomination. given the opportunity he knows all the cameras are rolling, he will be able to talk directly to the american people. he will take aadvantage of that. stuart: jason in my studio as you know i have monitors looking at other networks. i see some very serious faces i feel the end of the world is nye. i expect a rather entertaining performance from the president and our media. is there something wrong with me? >> no, i think you're accurately reflecting the way this is going to go down. look, there are going to be

those in congress, who are frustrated that the president is doing this. congress can only blame itself. congress ceded authority to the president. i don't like the idea of a, you know executive action like this, but he has the power to do it. he has the ability to do this. there is clearly an emergency. i would love to see nancy pelosi and all of her liberal people make the argument. there is no problem down there. it is not a issue. that is a losing argument contrary to the facts on the ground. stuart: hold on a second, jason. i'm looking out of corner of my eye, the market is up, as in the dow industrials up 340 points. dan clifton, you're still with us. your our market guy this hour. why is the market taking another leg up? does the market approve of national emergency? >> i'm not sure that the market is focused on this, you remove

the issue from more controversial items, like debt ceiling, sequestration caps getting done later on. i would tell you there is incremental news about potential easing in the european union right now hitting around the same time, given how slow europe is going. there is about talking about the nord 2 pipeline coming away. that was a huge ask by president and president not putting tariffs on european autos. i would not put it on all those issues. clearly china news is the bilge one of today. stuart: i think you're right. mark steyn, if you were an accredited white house reporter, and you were sitting in the rose garden and the president comes out to declare an emergency, which question would you shout at the president? >> i would shout the question, i think i would ask him whether he is going to respect the so-called municipalities being given veto powers over the border walls along the southern border. they are democrat towns all

along the rio grande and nancy pelosi wants them to have veto over the national frontier. stuart: that bill that he signed, what -- hold on a second. just got a tweet coming in from alexandria ocasio-cortez. here we go. joaquin castro and i are not going to let the president declare a fake national emergency without a fight. instant commentary, mark. >> the most powerful woman in the country. she has taken out the richest guy in the world. she has the scent of blood in her nostrils. stuart: on the screen, joaquin castro and i will not let the president declare a fake, a fake national emergency without a fight. you're right. that shows you important position that ocasio-cortez -- ashley: anything comes up, the first thing we go to is aoc. what she saying about this. >> 89-year-old democrat senators

who are every getting of the day in their undertow and they are getting sucked further and further left. neil: now they will have to vote in the senate on green new deal, which is environmental socialism writ large. >> they overwoke and they don't know how to, whatever it is on the viagra ads, when they talk about the six hour thing, talk to a doctor, i've been woke for six hours and i need to see a doctor to be less woke. that is the position those democrats did. stuart: you are doing a fine job filling in for the president. >> he can use that line. ashley: two minute warning came nine minutes ago. stuart: two minute warning came nine minutes ago. >> like north korea's nuclear missiles. incoming. stuart: my rule of thumb was always that liberals are late and conservatives are on time. why is the president late? ashley: there goes that theory. stuart: there goes that theory. put the market up again, please.

this is a very big story here. this is a very solid rally. the dow is at 25,000, 772. that means 1000 points. roughly 1000 points from the record all-time closing high. it has been a sensational january. it is now a very, good february. i. i think that is the president behind the glass door there. last minute talk with advisors. as soon as he comes through the door -- susan: 4 billion he doesn't need to declare a national emergency. $600 million from the treasury department, forfeiture fund, take money away from bad actors like "el chapo" and drug runners. you have the 284 drug interdiction money. that is easy money as well. so the appropriation also reprograming, $2 billion. the part might be contended in

the national emergency declaration will be the military construction part. they're looking for 4 billion there, 3 1/2 billion or so, other states that have earmarked that money for their budgets going forward. stuart: did you say $600 million. susan: treasury. stuart: was from drug forfeit seizures. that could be some of "el chapo"'s money going to build the wall. >> if he wants to make the most of that, he can say, he got mexico to pay for it. susan: that is a good point. stuart: will the democrats take that to court? oh, no, you can't use "el chapo"'s money to build the wall. will they do that? >> they will try to do it. we're still holding on. got two minute warning ten

minutes ago. we're up 335 points. i think the nasdaq is up significantly. can't give awe percentage. ashley: nasdaq a little bit behind, only up half a percent. stuart: go ahead, susan. susan: market news if you're interested. stuart: we're interested. susan: the fda made a pretty big announcement a few minutes ago, they will increase competition for generics and generic drugs, to bring down drug pricing. that is big thing we're waiting for the fda for. that will probably move pharmaceutical prices. stuart: we're still waiting. ashley: someone saying the president is apparently holding some kind of meeting in oval office. >> window just behind the door. that's cool. that's cool. the crowds are going mad. he is standing behind the door

working out. stuart: i want to be a fly on the wall. i want to be a fly on that wall. >> i was backstage with the president during the campaign in vermont. it was cool thing. he was most unon. three people. i have seen jim gilmore, the former virginia governor, polling at .0000007% in the poll. he had 47 minders. this guy was the most unon -- entouraged guy on the mitt call scene than jim gilmore, hoping to get higher than the .00000. stuart: have you ever seen this president operate at his most unique. >> i like trump at his trumppyest.

i get disturbed, people have different views on this you have different views on this. stuart: i have. >> i don't like him to get too house-trained, i think trump at his trumppyest won him with the election and connects him with the people. he is very different. not like fake authenticity, john kasich i'm proud to say i'm son after mailman thing, he was a lehman brother. a brother of a lehman brother is passing himself as a son of a mailman. not the fake authenticity. he was doing the joke. he was complaining he had to move into armored car. you realize if i win this thing i will never get to ride in a rolls royce ever again. everyone cheered. these are people who drive 1992 ford f-150s and their missus drives a 1999 toyota corolla. they sympathize with a guy who won't get to ride in a rolls

royce. stuart: at 10:34 and 40 seconds we got another two minute warning. ashley: we're 14 minutes past the first two minute warning. so -- stuart: i'm sorry. i have a bank of monitors here. i can see other anchors on other networks, i don't see a single smile. i see gloom and doom. oh, what is he going to do now. ashley: national emergency. stuart: i'm sorry. i find this, a, entertaining, i find it, b, very informative, and i find it very trumpian. i find that interesting. i just do. what is he going to say? i have no idea what he is going to say. he is holding a meeting. he might be slipping in another point he will make into the statement. i don't know. who knows what he is going to do? >> i think he is actually like that. he does make last minute decisions. and actually one of the things i like about the rally, he reads

prompter, provides his own running commentary on the prompter. the idea, actually we will miss him. when which have these 20 democrat candidates and they're all like, just doing all the usual pole-tested pap, we'll miss this sort of freewheeling approach to campaigning. stuart: yes, we will. however it will be fun. the 2020 election will be fun. i believe we have about a minute to go. ashley: do you really believe that? stuart: i'm still tap dancing, friends, i really am. look, the dow industrials, president starts to speak almost immediately, okay? i'm looking behind the glass, a different screen i have over here. he moved away from behind the glass door. he may be moving closer to the podium. as he is about to start to speak, the dow jones industrial average is up 340 points. that is one and 1/3%. ashley: yep. stuart: now i will be watching that market. how does it move with what he says? i doubt there will be much

reaction to the declaration of a national emergency but the way he phrases himself, if he brings in any other points, that could move the market. if he does answer questions from the media, and i don't know whether he will or not, i suspect to have a hard time refusing to answer a thoughted question. let's suppose that he does answer questions, that could move the market too. that will reveal a lot. ashley: he shoots from the hip. susan: it is pretty much priced in a lot of this will be held up in the court, no? i feel like this is -- stuart: we're reporting that he could get 4 billion without being delayed in the courts. ashley: potentially, yes. >> real world terms, susan's point is right, for example, in hungary they decided to build the wall after what angela merkel did. they built it on the border with macedonia. they announced it in july. they finished it six weeks later in early september and decided

to move on to, to whatever it was, croatian border and, so they basically, they didn't do the thing that we do in america so well where we talk about things for 12, 15, 37 years. they announced it in the end of late july and they finished the whole thing, they had become a walled country by the end of september. susan: john roberts is reporting that the white house plans to take the $8 billion right away. they need to appropriate for the 2019 full year budget. let the 4 billion be held up in court. get started. stuart: get some action. you could see actually things start to move. >> he has to actually have action. he has to be on the southern border, laying the first brick in the wall. stuart: yes. >> for it to be seen going up. stuart: ladies and gentlemen, we're now two minutes past the two minute warning. so we're four minutes past the

two minute warning. >> you need some of those generic drugs that the fda, the tap dancing, energy is begin -- ashley: we have another two minute warn? ing? [laughter] stuart: jason chaffetz, help me out there. i know you and i will enjoy this, i don't think anybody else on the other networks are. >> it is funny because the president, by all accounts is going to sign a bill that passed through the house and through the senate. you would think they would be somewhat joyful about that. but the president ultimately will be victor victorious in building the wall. other people can't stand that. stuart: ladies and gentlemen, the president of the united states has emerged. i hear applause from the rose garden crowd. he is walking along the colonnade and approaching the podium. ladies and gentlemen, the president of the united states. >> thank you very much, everybody. before we begin i would like to say we have a large team of very

talented people in china. we've had a negotiation going on for about two days. it is going extremely well. who knows what that means because it only matters if we get it done but we're very much working very closely with china and president xi who i respect a lot, good relationship we have and we are a lot closer than we ever were in this country with having a real trade deal. we're covering everything, all of the points that people have been talking about for years that said couldn't be done, whether it was theft or, anything, anything. the unfairness. we've been losing on average $370 billion a year with china. a lot of people think it is 506 billion. some people think it is much more than that. we're going to be leveling the playing field.

the tariffs are hurting china very badly. they don't want them. if i could make the deal it would be my honor to remove them, but we have billions of dollars pouring into the treasury. it has never happened before with china. that is very much a one-way street. the relationship with china is very good but i think they finally respect our country. they have not respected us for a long time, not for a long time. the uk and the u.s. as you probably have been seeing and hearing we're agreeing to go forward and preserve our trade agreement. you know all of the situation with respect to brexit and the complexity and the problems but we have a very good trading relationship with the uk and that has just been strengthened further. so with the uk we're continuing our trade and we are going to actually be increasing it very substantially as time goes by.

we expect that the uk will be very, very substantially increased as it relates to trade with the united states. the relationship there also is very good. we have a lot of great announcements having to do with syria and our success with the eradication of the caliphate and that will be announced over the next 24 hours. and many other things. a lot of positive things are going on. we're working on a, a summit. you know all about the summit. it will be in vietnam, hanoi and we will, we'll be meeting in hanoi. i think a lot of you will be going i suspect. i hope we have the same good luck as we had in the first summit. a lot was done in the first summit. no more rockets going up. no more missiles going up. no more testing of nuclear. get back our remains, the

remains of our great heroes from the korean war. and we got pack our hostages but we hope we'll be very much squally as successful -- equally as successful. i'm in no rush for speed. we don't want testing. the sanctions as you know remain. everything is remaining. china's been helping us and russia has been helping us and south korea i think you can say has been, we've been working very closely with south korea and with japan but china, russia, on the border, have really been, at least partially living up to what they're supposed to be doing and that is okay per the united nations. so we will have a meeting on the 27th and 28th of february, and i think that will be a very successful one and i look forward to seeing chairman kim. we have also established a very good relationship which has never happened between him or

his family and the united states. they have really taken advantage of the united states, billions of dollars has been paid to them, and, we, we won't let that happen. but we think that north korea and chairman kim have a tremendous potential as an economic force, economic power. their location between south korea and then russia, and china, right smack in the middle is phenomenal. and we think that they have a great chance for tremendous economic prosperity in the future. i look forward to seeing chairman kim in vietnam. today i'm announcing several critical actions that might administration has taken to confront a problem that we have right here at home. we fight wars that are 6,000 miles away, wars that we should have never been in in many cases but we don't control

our own border. so we're going to confront the national security crisis on our southern border and we're going to do it one way or the other. we have to do it. not because there was a campaign promise, which it is, it was one of many, by the way. not my only one. we're rebuilding the military. our economy is thriving like never before. you look at other economies. they're doing terribly, we're doing phenomenally. the market is up tremendous think today. not that is anything, but i will go back in and they will say, oh the market just went down but the market is getting close to the new highs we created. we have all the records. we have every record but we're getting close to that point again where we'll create new records. so our country is doing very well economically. we've done a lot. but one of the things i said i have to do, i want to do is border security. we have tremendous amounts of drugs flowing into our country. much of it coming from the

southern border. when you look, and when you listen to politicians, particular certain democrats they say it all comes through the port of entry. that's wrong. that's wrong. that is a law. it is all a lie. they say walls don't work. walls work 100%. whether it is el paso, i really, was smiling because the other night i was in el paso, we had a tremendous crowd and tremendous crowd. i asked the people, many of whom were from el paso, but they came from all over texas, i asked him, let me ask you, as a crowd, when the wall went up was it better? you were there, some of you. it was not only better. it was like, 100% better. you know what they did. but that is only one example. there are some examples. in el paso they have close to 2,000 murders right on the other

side of the wall. and they had 23 murders. that is a lot of murders but it is not close to 2,000 murders, right on the other side of the wall in mexico. so everyone knows that walls work and there are better examples than el paso frankly. just take a look almost everywhere. take a look at israel. they're building another wall. their wall is 99.9% effective they told me,9.9%. that is it would be with us too. the only weakness, they go to a wall, and they go around the wall. they go around the wall and in. of the okay? that is what it is. very simple. and a big majority of the big drugs, the big drug loads don't go through ports of entry. they can't go through ports of entry. you can't take big loads. you have people, very capable people, the border patrol, law enforcement looking. you can't take human traffic, women, and girls. you can't take them through ports of entry.

you can't have them tied up in the back seat of a car or a truck or a van. they open the door. they look. they can't see three women with tape on their mouth or three women whose hands are tied. they go through areas where you have no wall. everybody knows that. nancy knows it. chuck knows it. they all know it. it is all a big lie. it is a big con game. you don't have to be very smart to know, you put up a barrier, the people come in and, that's it. they can't do anything, unless they walk left or right and they find an area where there is no barrier and they come into the united states. welcome. we've detained more people, our border agents are doing such incredible work. our military has been incredible we put up barbed wire on top of certain old walls that were.

there we fix ad wall. we load it up with barbed wire. it is very successful but our military has been fantastic and i want to thank them. it is very necessary. we have broken up two caravans are on their way. they're in the process of breaking up. we have another one we haven't been able to break up yet. we've actually been working with mexico much better than ever before. i want to thank the president. i want to thank mexico. they have their own problems. they have the largest number of murders they have had in their history. 40,000 murders. 40,000. and they got to straighten that out. and i think they will but i want to thank the president because he has been helping us with these monsterous caravans that have been coming up. we had one up to over 15,000 people. it is largely broken up. others have gotten through. and in tijuana, you have a lot of people staying there. if we didn't have the wall up,

the wall secured and strengthened, they would be walking right through and it would be welcome to the united states. one of the things we saved, just a tremendous apt on would be sending the military. if we had a wall we don't need the military. we would have a wall. so i'm going to be signing a national emergency and it has been signed many times before. it has been signed by other presidents from 1977 or so, it gave the presidents the power. there is rarely been a problem. they sign it. nobody cares. i guess they weren't very exciting but nobody cares. they sign it, for far less important things in some case, in many cases. we're talking about an invasion of our country with drugs with human traffickers, with all types of criminals and gangs. we have some of the greatest

people i know. they have been with me from the beginning of my campaign, almost from the first week, the angel moms. unfortunately we have new angel moms. one incredible woman just showed me her daughter who we're talking about killed in the year of 18. i haven't seen you before. she said no, i'm new. i said that's too bad. it's too bad. so sad. stand up just for a second. show how beautiful your girl was thank you. i have such respect for these people. angel moms, angel dads, angel families. i have great respect for these people. these are great people. these are great people. they're fighting for their children that have been killed by people that were illegally in this country. and, the press doesn't cover them. they don't want to incredibly. and, they are not treated the

way they should be. they're fighting for other people. they don't want happened to their children or their husband or anybody. we have one young lady whose husband, please, stand up, your husband was just killed in maryland. incredible man, just killed. beautiful children. won't be seeing their father again. these are brave people. these are people, they don't have to be here. they don't have to be doing this. they're doing it for other people. so i just want to thank all of you for being here. i really do. i want to thank you. you're incredible people. last year 70,000 americans were killed, at least, i think the number is ridiculously low, by drugs including meth and heroin and fentanyl.

one of the things i did with president xi in china when i met him in argentina at a summit, before i even started talking about the trade, it was a trade meeting, went very well. before i talked about trade, i talked about something more important. i said listen, we have tremendous amounts of fentanyl coming into our country. kills tens of thousands of people. i think far more than anybody registers. and i would love you to declare it a lethal drug and put it on your criminal list, and their criminal list is much tougher than our criminal list. their criminal list, a drug dealer gets the thing called the death penalty. our criminal list, a drug dealer, gets a thing called, how about a fine? when i asked president xi, i said, do you have a drug problem? no, no. i said you have 1.4 billion,

what do you mean you have no drug problem? no, we don't have a drug problem. i said why? death penalty. we give death penalty to people that sell drugs. end of problem. what do we do? we set up blue ribbon committees. lovely men and women. they sit around a table. they have lunch, they eat, they dine and they waste a lot of time. so we want to get smart, we can get smart. you can end the drug problem. you can end it a lot faster than you think. but president xi agreed to put fentanyl on his list of deadly, deadly drugs. and it is a criminal penalty and the penalty is death. so that's frankly one of the things i'm most excited about in our trade deal. want to know the truth, i think maybe there is no more important

point. we'll make billions of dollars with this trade dial. it is going to be great for our country and great for china i hope. their market is down close to 40%. our market is way up. we picked up since my election, trillions of dollars of worth. trillions, many trillions. and china has lost trillions of dollars, but, i want to be good for china, i want it to be good for the united states. we will see what happens, china is coming here next week, they're coming home, the traders. the china is coming here next week, then i will be meeting with president she at some point after that to maybe for some remaining deals. we'll make them directly one-on-one ourselves. so we're going to be signing today and registering national emergency and it is a great

thing to do because we have an invasion of drugs and invasion of backs, invasion of people, and it is unacceptable. by signing the national emergency, something signed many times by other presidents, many times, president obama, in fact we may be using one of the national emergencies that he signed having to do with cartels, criminal cartels. it's a very good emergency that he signed. we'll use parts of it in our dealings on cartels. so that would be a second national emergency but in that case it already applies. what we want, really want to do is simple. it is not like it is complicated. it is very simple. we want to stop drugs from coming into our country. we want to stop criminals and gangs from coming into our country. nobody has done the job that we've ever done. i mean nobody has done the job we've done on the border. in a way, what i did by creating

such a great economy, and if the opposing economy got in this economy would be down the tubes. i hear a lot of people say about the previous administration, let me tell you, in the previous administration, it was heading south, it was going fast. we would have been down the tubes, regulation were strangling our country, unnecessary regulation. by creating a strong economy, look at your televisions, see what is going on today, it is through the roof. what happens is more people wan to come. so we have far more people trying to get into our country today than probably we've ever had before. and we have done an incredible job in stopping them but it's a massive number of people. if we had the wall it would be very easy. we would make up for the cost of the wall just in the cost of the fact that i be able to have

fewer people, we wouldn't need all of this incredible talent, some of whom are sitting in the first row, you wouldn't need all of this incredible talent. we would get, we would get thousands of law enforcement people, including border patrol, you put them in different areas. you law enforcement and border patrol. i want to thank law enforcement and border patrol and i.c.e. i.c.e. is abused by the press and by the democrats. by the way, we are going to be taking care of i.c.e. we talk about the new bill. we're going to be taking care of i.c.e. they wanted to get rid of i.c.e. and the bill is just the opposite of that. lot of good things happened. so that's the story. we want to have a safe country. i ran on a very simple slogan.

make america great again. if you're going to have drugs pouring across the border, if you're going to have human traffickers pouring across the border in areas where we have no protection, in areas where we don't have a barrier, then very hard to make america great again. but we've done a fantastic job but we haven't been given the equipment. we haven't been given the walls. and in the bill, by the way, they didn't even fight us on most of the stuff. ports of entry, we have so much money, we don't know what to do with it. i don't know what to do with all the money they've given us. it's crazy. the only place they don't want to give us much money, $1,375,000, 000. lot of the past administrations,

it was easy to get, they didn't build or they didn't do what they could have done. it would have been great. it would have been great to have done it earlier. i was a little new to the job. little new to the profession. we had a little disappointment for the first year and a half. people that should have stepped up, did not step up. they didn't step up. they should have. would have been easy. not that easy, but it would have been a lot easier. but some people didn't step up. but we're stepping up now. so we have a chance of getting close to $8 billion. whether it's $8 billion or $2 billion or $1.5 billion, it's going to build a lot of wall. we're getting it done. we are right now in construction with wall in some of the most important areas, and we have renovated a tremendous amount of wall, making it just as good as new. that's where a lot of the money has been spent, on renovation. in fact, we were restricted to renovating, which is okay.

but we're going to run out of areas that we can renovate pretty soon. and we need new wall. so i want to thank everybody for being here. i want to thank in particular the angel moms and dads for being here. thank you very much. we have great respect for you. the real country, our real country, the people that really love our country, they love you. so i just want you to know that. i know how hard you fight and i know how hard a fight you're having. i also want to thank all of the law enforcement for the job you do. believe me, our country loves you and they respect you greatly. and we're giving you a lot of surplus. we're giving you surplus military equipment which a lot of people didn't like giving previous to this administration, but hundreds of millions of dollars of surplus equipment and as we get it, as you know, we send it down and you have much better protection. but i really appreciate you being here.

so the order is signed and i'll sign the final papers as soon as i get into the oval office, and we will have a national emergency and we will then be sued and they will sue us in the ninth circuit, even though it shouldn't be there, and we will possibly get a bad ruling and then we will get another bad ruling, and then we will end up in the supreme court and hopefully we'll get a fair shake and we'll win in the supreme court, just like the ban. they sued us in the ninth circuit and we lost and then we lost in the appellate division and then we went to the supreme court and we won and it was very interesting, because yesterday, they were talking about the ban, because we have a ban. it's very helpful. madam secretary, is that right? without the ban, without -- we have a ban on certain areas, certain countries depending on what's going on in the world,

and we won but somebody said president trump lost on the ban. well, he's right, i lost at the low court. he didn't say that we ultimately won at the united states supreme court. they didn't want to say that. they didn't want to go that far. they were saying how i lost, the person sitting right up here, donald trump lost on the ban. yeah, i did. and then i lost the second time. you should have said that, too. then it went to the supreme court and i won. didn't want to take it that far. but we won on the ban and we won on other things, too. the probably easiest one to win is on declaring a national emergency because we're declaring it for virtual invasion purposes, drugs, traffickers and gangs, and one of the things, just to finish, we have removed thousands of ms-13 gang monsters, thousands. they're out of this country.

we take them out by the thousands. and they are monsters. okay. you have any questions? yeah. john? reporter: mr. president, a lot of the money -- >> you saying i was prepared? reporter: the microphone. >> i thought you meant was i prepared. people don't like saying that. i'm prepared. i'm always prepared. reporter: a lot of the money that goes to count toward your $8 billion is money that's being reprogrammed in the d.o.d. budget. how can you guarantee to military families and to our men and women of the military that none of the money that would be reprogrammed to a wall will take away from other technology, other renovations, construction that is desperately needed in our military? >> we had certain funds that are being used at the discretion of generals, at the discretion of the military.

some of them haven't been allocated yet, and some of the generals think that this is more important. i was speaking to a couple of them, they think this is far more important than what they were going to use it for. i said what were you going to use it for. i won't go into details but didn't sound too important to me. plus if you think, i've gotten $700 billion for the military in year one and then last year, $716 billion and we're rebuilding our military. but we have a lot, and under the previous administration, our military was depleted, badly depleted, and they weren't spending -- i mean, they had a much smaller amount of money. so when i got $700 billion and then $716 billion, and this year it's going to be pretty big, too, because there's few things more important than our military. you know, i'm a big deficit believer and all of that, but before we really start focusing on certain things, we have to build up our military.

it was very badly depleted. we are buying all new jet fighters, all new missiles, all new defensive equipment. we will soon have a military like we've never had before. but when you think about the kind of numbers you're talking about, so you have $700 billion, $716 billion, when i need $2 billion, $3 billion out of that for a wall, which is a very important instrument, very important for the military because of the drugs that pour in and as you know, we have specific rules and regulations where they have drugs and what you can do in order to stop drugs, and that's part of it, too. we're taking a lot of money from that realm also. but when you have that kind of money going into the military, this is a very, very small amount that we're asking for. go ahead. go ahead. reporter: abc. >> not nbc. i like abc a little bit more.

not much. come on. abc. not much. pretty close. reporter: mr. president, what do you say to those including some of your republican allies who say that you are violating the constitution with this move, and setting a bad precedent that will be abused by possibly democratic presidents in the future? >> not too many people -- yeah, not too many people have said that. but the courts will determine that. look, i expect to be sued, i shouldn't be sued, very rarely do you get sued when you do national emergency, and then other people say oh, if you use it for this, now, what are we using it for? we've got to get rid of drugs and gangs and people, it's an invasion. we have an invasion of drugs and criminals coming into our country that we stop but it's very hard to stop. with a wall it would be very easy. so i think that we will be very successful in court. i think it's clear. and the people that say we create precedent, well, we have

56 or a lot of times, that's creating precedent and many of those are far less important than having a border. you don't have a border, you don't have a country. you know we fight, before i got here, we fight all over the world to create borders for countries, but we don't create a border for our own country. so i think what will happen is sadly, we'll be sued and sadly, it will go through a process and happily, we'll win, i think. go ahead. let's go. let's hear it. reporter: thank you, mr. president. i want to say in the past when president obama tried to use executive action as it related to immigration, you said the whole concept of executive order, it's not the way the country's supposed to be run, you said you're supposed to go through congress and make a deal. will you concede that you were unable to make the deal that you had promised in the past and that the deal you are ending up with now from congress is less than what you could have had before a 35-day shutdown?

>> i went through congress, i made a deal. i got almost $1.4 billion when i wasn't supposed to get one dollar. not one dollar. he's not going to get one dollar. i got $1.4 billion. but i'm not happy with it. i also got billions and billions of dollars for other things. port of entries, lots of different things. the purchase of drug equipment. more than we were even requesting. in fact, the primary fight was on the wall. everything else, we have so much, as i said, i don't know what to do with it. we have so much money. but on the wall, they skimped. so i did, i was successful in that sense, but i want to do it faster. i could do the wall over a longer period of time. i didn't need to do this. but i would rather do it much faster. and i don't have to do it for the election. i have already done a lot of wall for the election. 2020. and the only reason we're up here talking about this is because of the election, because they want to try and win an

election which it looks like they're not going to be able to do, and this is one of the ways they think they can possibly win is by obstruction and a lot of other nonsense, and i think that i just want to get it done faster. that's all. okay. yes, ma'am, go ahead. reporter: thank you, mr. president. reuters. i wanted to ask about china. do you feel that enough progress has been made in the talks to head off the increase in tariffs scheduled for march 1? >> well, you know, you are talking to the wrong person because i happen to like tariffs, okay? we are taking in billions and billions of dollars in tariffs from china and our steel industry now is an example. we tax dumped steel, much of it comes from china, at 25%. our steel industry is so vibrant now again. they are building plants all over the united states. it's a beautiful thing. and from a defensive standpoint and from any standpoint, you

need steel. you know, you can do without certain industries. our country cannot do without steel. so i love tariffs but i also love them to negotiate, and right now, china's paying us billions of dollars a year in tariffs and i haven't even started. here's the thing. if we make a deal, they won't have to pay. it will be a whole different story. they won't be paying that. but we'll have a fair deal. there won't be intellectual property theft, there won't be so many other things that have gone on and no other president has done this. no other -- we didn't have a deal with china. yet the wto, one of the worst trade deals ever made, probably even worse than nafta if that's believable, which is hard to believe because i think nafta was just a disaster, it was a total disaster for our country, and now we made the usmca which is going to be a great deal, and by the way, the usmca from

mexico, that's united states mexico canada, that's where the money's coming from, not directly but indirectly, for the wall. and nobody wants to talk about that. because we're saving billions and billions of dollars a year, if congress approves that deal. now, they might not want to approve a deal just because they'll say one of the things i'm thinking of doing, this has never been done before, no matter how good a deal i make with china, if they sell me beijing for $1, if they give me 50% of their land and every ship that they have built over the last two years which is a lot, and they give them to me free, the democrats will say what a lousy deal. that's a terrible deal. like zte. i got more than a billion dollar penalty in a short period of time and the democrats said oh, should have gotten more. when i made that deal, i said this is incredible, i just got

over a billion dollar penalty plus they had to change their board of directors, they had to change their top management but they had to pay over $1 billion. i said what a gift. took like a week. and the democrats didn't even know there was a problem with zte. i'm the one that fined them. i'm the one that settled it. over $1 billion and president xi called me and he said it would be important to him if they could get a deal. and we made a deal like in a short period of time. the democrats went out and said oh, they should have done better. so what i'm thinking of doing is getting chuck schumer, getting nancy pelosi, having them bring two or three of their brilliant representatives and we'll all go down together and what we'll do is we'll negotiate, i'll put them in the room and let them speak up because any deal i make with china, if it's -- it's

going to be better than any deal that anybody ever dreamt possible or i'm not going to have a deal. it's very simple. but any deal i make with china, schumer's going to stand up and say oh, it should have been better. it should have been better. and you know what, that's not acceptable to me. so i'm thinking about doing something very different. i don't think it's ever been done. i don't want to be second-guessed. that's not second-guessed. that's politics. sadly, i would probably do the same thing to them. okay? but any deal i make, i'm going to bring schumer, at least offer them, and pelosi, i'll say please join me on the deal and by the way, i just see our new attorney general is sitting in the front row. please stand up. such an easy job he's got. he's got the easiest job in government. thank you. congratulations. it was a great vote yesterday. thank you very much. yes, go ahead. go ahead. reporter: in your remarks, you

said that you were too new to politics earlier in your administration when you would have preferred that this be done. is that an admission of how you might be changing on the job, and -- >> i'm learning. i am learning. don't forget, it's not like i have done this for -- a senator came into my office and said i have been running for office 30 years. i have won seven out of seven. i did lose a couple when i was younger. i said i have won one out of one but i never did politics before. now i do politics. i will tell you, i'm very disappointed at certain people, particular one, for not having pushed this faster. reporter: are you referring to -- >> who? reporter: speaker ryan? >> let's not talk about it. what difference does it make. but they should have pushed it faster. they should have pushed it harder. and they didn't. they didn't. if they would have, it would have been a little bit better. in the meantime, i built a lot of wall. i have a lot of money. and i built a lot of wall.

but it would have been nice to have gotten done. and i would like to see major immigration reform and maybe that's something we can all work on, where we all get together and do major immigration reform, not just for a wall, for a barrier, for port of entry, for other things. we have a real problem. we have catch and release. you catch a criminal and you have to release him. we have so many other things. you have chain migration. where a bad person comes in, brings 22 or 23 or 35 of his family members because he has his mother, grandmother, sisters, cousins, uncle, they're all in. you know what happened on the west side highway. that young wise guy drove over and killed eight people and horribly injured, nobody talks about that, horribly, like loss of legs and arms, going 60 miles an hour, he made a right turn into a park on the west side

highway along the hudson river in new york. he had many people brought in because he was in the united states. it's called chain migration. then you have the lottery. it's a horror show. because when countries put people into the lottery, they're not putting you in. they're putting some very bad people in the lottery. it's common sense. if i ran a country and if i have a lottery system of people going to the united states, i'm not going to put in my stars. i'm going to put in people i don't want. the lottery system's a disaster. i'm stuck with it. reporter: mr. president, could you tell us -- >> it should have never happened. okay. reporter: mr. president, could you tell us to what degree some of the outside conservative voices helped to shape your views on this national emergency? >> look, sean hannity has been a terrific, terrific supporter of what i do. not of me. if i changed my views, he wouldn't be with me. rush limbaugh, i think he's a

great guy. he's a guy can speak for three hours without a phone call. try doing that sometime. for three hours, he speaks. he's got one of the biggest audiences in the history of the world. this guy is unbelievable. try speaking for three hours without taking calls. taking calls is easy. okay, i will answer this one, i will answer that one. he goes for three hours and he's got an audience that's fantastic. [ inaudible question ] >> they don't decide policy. ann coulter, i don't know her. i hardly know her. i haven't spoken to her in way over a year. but the press loves saying ann coulter. probably if i did speak to her she would be very nice. i just don't have the time to speak to her. i would speak to her. i have nothing against her. in fact, i like her for one reason. when they asked her like right at the beginning, who's going to win the election, she said donald trump and the two people that asked her that question smiled. they said you're kidding, aren't

you? nope, donald trump. so i like her. but she's off the reservation. but anybody that knows her, understands that. but i haven't spoken to her, i don't follow her, i don't talk to her. but the press loves to bring up the name ann coulter. you know what? i think she's fine, i think she's good, but i just don't speak to her. laura has been great. laura ingraham. tucker carlson has been great. i have people on cnn, some on msnbc the other day did a great report on me. i said where the hell did that come from? i think it was the only one in over a year. so the crazy thing is, i just had, as you know, rasmussen, 52% in the polls. it's my highest poll number. and people get what we're doing. they get it. they really get it. i'm honored by it. yes. jim acosta. reporter: thank you, mr. president. i wonder if you could comment on

this disconnect that we seem to have in this country where you are presenting information about what's happening at the border, calling it invasion, talking about women with duct tape over their mouths and so on, yet there's a lot of reporting out there, there's a lot of crime data out there, there's a lot of department of homeland security data out there that shows border crossings at a near record low. >> that's because of us. excuse me. reporter: undocumented crime still at -- undocumented immigrants committing crime at lower levels than native-born americans. what do you say to -- >> you don't really believe that. do you really believe that? take a look at our -- reporter: i believe in facts and statistics. >> quick, let's go. reporter: let me ask you this. what do you say to your critics who say that you are creating a national emergency, that you are concocting a national emergency in order to get your wall, because you can't get it other ways? >> what do you think? you think i'm creating something? ask these incredible women who lost their daughters and their

sons. okay? because your question is a very political question because you have an agenda. you are cnn. you are fake news. you have an agenda. the numbers that you gave are wrong. take a look at our federal prison population. see how many of them percentage-wise are illegal aliens. just see. go ahead and see. it's a fake question. yes, go ahead. reporter: can i ask a follow-up? reporter: thank you, mr. president. just to follow up on that, unifying crime reporting statistics, numbers from your own border patrol, numbers from this government, show that the amount of illegal immigrants are down. there is not violence on the border. and that -- >> violence on the border? reporter: there's not as much violence. wait. let me finish the question, please. let me finish the question. >> two weeks ago, 26 people were killed -- reporter: i understand what you're saying. >> a mile away from where i went. reporter: i was there. i understand.

that's not the question. the question is -- >> do we forget about that? reporter: no, i'm not forgetting. i'm asking you to clarify where you get your numbers, because most of the d.e.a. crime reporting statistics that we see show that drugs are coming across at the ports of entry, that illegal immigration is down and the violence is down. so what do you base your facts on? >> come on, let's go. no, no. you get one. you get one. reporter: the second question -- >> sit down. sit down. reporter: could you please answer it? >> sit down. you get one question. i get my numbers from a lot of sources like homeland security primarily and the numbers that i have from homeland security are a disaster. and you know what else is a disaster? the numbers that come out of homeland security, kirstjen, for the costs that we spend and the money that we lose because of illegal immigration. billions and billions of dollars a month. billions and billions of dollars and it's unnecessary. reporter: so your own government's stats are wrong, are you saying?

>> no, no, i use many stats. reporter: could you share those stats with us? >> you have stats that are far worse than the ones i use. i use many stats but i also use homeland security. next question. reporter: just a quick follow-up. >> go, please. reporter: thank you, mr. president. i just want to bring you back to china for a second. the white house put out a statement today talking about the march 1 deadline. the other day you gave the possibility that maybe this could slide. are you eyeing a possible extension 30 days, maybe 60 days, where -- or is march 1st the deadline? >> it's a very big deal. i guess you could say it must be the biggest deal ever made, if you think, trade with china. how big does that get? although if you look, the usmca is right up there. but it's very complicated. there are many, many points we are bringing up that nobody ever brought up or thought to bring up, but they're very important because we were on the wrong side of every one of them. there is a possibility that i will extend the date and if i do that, if i see that we are close

to a deal or the deal is going in the right direction, i would do that at the same tafriffs we are charging now. i would not increase the tariffs. reporter: the debt has gone from a shade under $20 trillion when you took office, now it's a shade over $22 trillion and heading in the wrong direction. what are your plans to reverse it? >> it's all about growth. before i focus on that, you have to remember president obama put on more debt on this country than every president in the history of our country combined. so when i took over, we had one man that put on more debt than every other president combined. combine them all. so you can't be talking about that. but i talk about it because i consider it very important. first i have to straighten out the military. the military was depleted. if we don't have a strong military, hopefully we won't have to use because it's strong, if we don't have a strong military, you don't have to worry about debt. you have bigger problems. so i have to straighten out the

military. that's why i did the $700 billion and $716 billion. growth will straighten it out. you saw last month the trade deficit went way down. everybody said what happened. what's happening is growth. but before i can focus too much on that, a very big expense is military. we have no choice but to straighten out our military. reporter: is growth the only answer? >> yes, go ahead. reporter: thank you, mr. president. on north korea, back on the last summit, you guys came out with a pretty general agreement. i was wondering what you thought has been accomplished since the last summit and then are we going to be seeing -- >> a lot has been accomplished. okay. reporter: -- anything concrete on denuclearization? >> a lot has been accomplished. we are dealing with them. we are talking with them. when i came into office, i met right there in the oval office with president obama and i sat in those beautiful chairs and we

talked, it was supposed to be 15 minutes, as you know it ended up being many times longer than that. and i said what's the biggest problem? he said by far, north korea. and i don't want to speak for him but i believe he would have gone to war with north korea. i think he was ready to go to war. in fact, he told me he was so close to starting a big war with north korea. where are we now? no missiles. no rockets. no nuclear testing. we have learned a lot. but much more importantly than all of it, much more important, much, much more important than that, is we have a great relationship. i have a very good relationship with kim jong-un. and i have done a job. in fact, i think i can say this, prime minister abe of japan gave me the most beautiful copy of a letter that he sent to the

people who give out a thing called the nobel prize. he said i have nominated you or respectfully on behalf of japan, i am asking them to give you the nobel peace prize. i said thank you. many other people feel that way, too. i'll probably never get it but that's okay. they gave it to obama. he didn't even know what he got it for. he was there for about 15 seconds and he got the nobel prize. he said oh, what did i get it for? with me, i probably will never get it but if you look at syria, i stopped the slaughter of perhaps three million people. nobody talked about that. they don't talk about that. russia and iran and syria were going to go in and perhaps destroy three million people in order to get 45,000 tariffs and i heard about it from a woman who had her parents and her brothers living there and she said please, please, and i thought -- i said no, it can't

happen, what are you talking about. no, they're going -- i come home and i read a certain paper where the story was there that they were actually forming to go i o into -- to really do big destruction. and i put out a statement that you better not do it. and in all fairness to russia, and iran, and syria, they didn't attack or they're doing it surgically at least. saved a lot of people. we do a lot of good work. this administration does a tremendous job and we don't get credit for it but i think the people understand what we're doing. so prime minister abe, it's the most beautiful five letter -- five-page letter, nobel prize. he sent it to them. you know why? because he had rocket ships and he had missiles flying over japan and they had alarms going off. you know that. now all of a sudden, they feel good. they feel safe. i did that.

and it was a very tough dialogue at the beginning. fire and fury, total annihilati annihilation, my button is bigger than yours and my button works. remember that? you don't remember that. people said trump is crazy. and you know what it ended up being? a very good relationship. i like him a lot and he likes me a lot. nobody else would have done that. the obama administration couldn't have done it. number one, they probably wouldn't have done it and number two, they didn't have the capability to do it. so i just want to thank everybody. i want to wish our new attorney general great luck and speed and enjoy your life. bill, good luck. tremendous reputation. i know you'll do a great job. thank you very much. and thank you, everybody. thank you very much. thank you. stuart: there you have it. quite a performance, and two major issues approached by the president in the last 45, 50 minutes of a tumultuous

statement and press conference. point number one, on china trade, the president said i love tariffs but i love to use them as negotiation. if there's a deal, no tariffs. i call that fairly positive on china trade, certainly not negative, and he's looking forward to a meeting with xi jinping. he did say, the president did say it will be my honor to remove the tariffs between china and the united states. what else? ashley: he was thinking of allowing congressional democrats, mrs. pelosi and mr. schumer, having a say in those china trade talks. by the way, we have already had reaction from pelosi and schumer, saying quote, the emergency declaration does quote, great violence to our constitution and they go on to say that congress will defend its constitutional authorities in congress, in court, in the public using every remedy available. so much as the president predicted, this is headed to the courts. stuart: that was -- that was the major part of this statement and

news conference, the fact that he has declared a state of emergency. the president did say it goes straight to the courts, probably the ninth circuit, where he expects to lose. bad ruling, he said. then he would go to the supreme court, where he says i expect to win. blake burman, what have you got? reporter: much of what we heard from president trump just a little while ago was much of what we have heard from him over the past -- stuart: he had to leave. he was being told to leave. so we got him in just in time but we didn't get much from him. he was not exactly kicked out of the rose garden. i think he had to leave. let me comment on the market. when the president started to speak around 10:35, 10:36 this morning, the dow was up 336 points. when he talked about china trade, the market went up to 350 points plus. he talked about the emergency declaration, it came down to a gain of 300 even. now at the end of the press

conference and the q & a, we are at 330 points. blake is back. he's in front of the camera. what have you got for us? reporter: my family will tell you it is tough to get rid of me. here we are. what i was going to say is look, we have heard president trump outline this for a couple months now, the possibility of a national emergency and why he wants to do it, that there is crime at the southern border, that gang members and criminals are coming across the southern border, so, too, the flow of drugs. that was the argument he outlined as to why he needed to do it. that was the exact same argument as to what he outlined just moments ago. the only difference is the president saying that now he is indeed signed that national emergency and now the court fight which you heard the president outline will likely begin, as he believes that this will eventually head all the way up to the supreme court. the president also saying that even though there is some 1.375 billion dedicated to a border barrier, a wall, whatever you want to call it at this point, that his administration is going to be going for more money than

that. what we have been outlined from folks over here at the white house is potentially as much as $8 billion though the president said whether or not he gets 2.5 or whatever, it's better than the nothing the democrats said they would give this president. he was trying to say this is a win on the money front but also no doubt about it, the president had been pushing in the recent weeks for $5.7 billion and clearly, he didn't get to that number as well. some other major topics. the president ended up speaking on trade to start off his remarks here, and i asked the president whether or not this march 1 deadline is firm, as the white house today said in a statement the deadline is indeed march 1st. the president intimated in the past maybe it could slide. the president once again suggested today that maybe they might go past march 1st. he wouldn't put a number on it, 30 days, 60 days, a couple days that i just floated out to the president, but he seems open to the possibility of letting march 1st slide should they be moving in the right direction. then i also asked the president about the national debt, just shy of $20 trillion when he got

into office, just a hair over $22 trillion now. as the congressional budget office says, completely unsustainable as to where things are going, the president making it clear as his administration in the past has, that they feel that growth is the way out of this. i tried to ask him well, what about entitlement reform, and he moved on to the next question. there are others that deserve questions as well. that of course is the question, can growth solve this. i think most would say you need to get to entitlement reform first. stuart: well done. you got in there. good stuff. thanks very much. i just want to point out one -- i'm not going to call this political theater, but a poignant moment. the president went to great lengths to invite angel moms to his audience. that is parents and relatives of people killed, murdered by illegal immigrants. he asked them to stand up. he was then asked a hostile question by cnn about his crime statistics. and the president simply said look at those people, angel moms. he had brought in the human cost

of illegal immigration and i think scored a point on that basis. let's get back to the market, because it has not moved. throughout the past hour, when we have had this political drama and the q & a, we are still up well over 330 points. donald luskin is with us. there's nothing in that press conference, nothing in the statement which hurt the market. in fact, i suspect that what he said on china trade helped the market. what say you, donald? >> i think everything he said was, you know, had already been leaked, already been preimaged which is why the stock market was up before trump even started talking. but you know, i just have to say, with this press conference today, and with that state of the union address, with now this amazing move where he actually did get some money for his wall and then he declares the emergency anyway, we are seeing trump absolutely at the top of his game. he's absolutely mastering his

opponents. he's forcing the democrats on the wall into going through a court fight that is just going to make them look obstreperous and radical, like they are pulling out every legal trick to thwart the legal authority of the president. this is all part of the 2020 campaign. it's all about moving the democrats to the left. it's brilliant. on the trade side, he is playing xi jinping like a violin. know why he's talking about extending the deadline for another month? it's because china can't shut up. in these negotiations, they keep offering more and more and more stuff. we are running out of economic stuff to ask of them. you know what they did last week? they showed up in venezuela and started negotiating directly with the guaido legitimate regime which is the regime we are recognizing. so obviously, these trade talks have moved off trade. we are getting china to help us with our most difficult geopolitical issues. stuart: so this market looks like it wants to go up and

today's events cement that in your mind, yes? >> certainly, certainly. i don't mean to resort to vulgar technical analysis but sometimes it's just good shorthand. in the volatility of december and january, we broke below the 200 day moving average. we are now back above it. we have broken out of the down trend line in this horrible bear market we had in december. we are back, baby. trump is back and the trump bull market is back. stuart: donald, thank you very much for joining us. appreciate it always. thanks very much. i want to bring in mark morgan, former border patrol chief. there was a lot said today about crime from illegals and crime at the border. cnn contested the president's view that there is a crisis of crime and drugs at the border. what's your position? >> yes, stuart, that's what they do. no matter how many legitimate facts are placed before them, they simply reject it and want to go to the next shiny object.

it was absolutely perfect what he did today. as one of the reporters wants to get up there and talk about stats, he tells them look at the angel families, look at the pictures of their loved one, that is fact. that's a real life example and the president did a great job. stuart: are you firmly in favor of a wall? >> absolutely. but when we say that, again, the false narrative likes to go out and say oh, well, we want this concrete wall from sea to shining sea. no, that's not it. and the experts have never said that. they have never wanted that. they want a wall as part of that multi-layer strategy of infrastructure, technology and personnel, and strategic locations where it makes sense. when you put it in context, in fact, what the experts say, absolutely it works and the facts prove that it works. stuart: i believe you were in the obama administration. you occupied your position on border patrol during the obama years. i think that's correct. >> yes, sir.

stuart: the president said he was going to use or reuse, i should say, some of the executive orders issued by president obama. have i got that right? >> yes. well, he talked about some of the same language that he used in some of the executive orders. i think the point is that when the false narrative is put out there that like executive orders are this brand new thing and it's never been done, he was talking about the cartels so president obama, when he used the executive order with respect to the cartels, president obama is right and president trump, what he's trying to do, he's right as well. stuart: you think this was a bravura performance by the president today in making that declaration of a national emergency? >> yes. the reason why i say it is congress failed once again, congress failed to do the right thing. put politics aside. i don't care about politics. but from a border security law enforcement standpoint, congress failed to secure and safeguard the borders of this country. they left this president no choice but to do what he did.

he was right and i'm glad that he did what he did today. stuart: mark morgan, forceful indeed. we appreciate you being with us today. big day. much appreciated. thanks very much indeed. let me wrap up what we have just been seeing for a moment here. hold it. get amazon off the screen for a minute. the dow jones industrial average is up 326 points, as we speak. it's been up over 300 points throughout the last hour, when the president has been speaking and answering questions. he dealt with china trade, he dealt with the emergency declaration and he dealt with our economy. he did no harm to the markets and that's where we are going to leave it for now. i'm going to move on because there's another huge story that's developing out there. that of course is amazon. ditching new york city for their new hq2. managing director for loop ventures is with us. now, you say, i think, that this is a huge loss for new york, but not so bad for amazon. make your case.

>> so i would say it's a neutral for amazon. they just simply move on, they reappropriate to nashville and to virginia, but clearly, a loss for new york and the key reason is this. there's not only the loss of 25,000 jobs, the infrastructure spending, but also the future, these tech companies are taking over new industries. as you think about building a city, you ultimately want to have companies that are on the right growth trajectory. so kind of a long-term partner for the city was lost. i cannot imagine anyone beyond some politicians feeling good about this. but there's even a bigger story, if i can quickly insert this. about what's going on with -- about how politics are playing into big tech. politician's job should be to do good for the people. but in this case, i think their jobs are to try to get re-elected and what we are seeing especially among millenials is politics is becoming a religion here. i think picking a fight with a

big tech company is good for them, not for the people of new york, but ultimately for their election, re-election prospects. stuart: does it send a message to all big technology companies, indeed, almost all major corporations, don't try to move to a democrat-run city because you will run into opposition and they are not going to welcome you? is that the message from new york? >> i think the message is probably they are going to get pushback all around. i think there will be particular interest in terms of which political parties are in charge of each city, so i would suspect if you look in apple's case, they outlined their campus, they are already existing, they are just expanding their facilities but it is a cautionary tale that there are new rules, and the rules are about making a political statement versus doing what's right for the people. stuart: gene, thank you very much for joining us. glad we got you in. the amazon story is a really, really big story.

economically and politically. you're all right. thank you very much indeed. angel -- what have we got here? this angel moms, they did ind d indeed -- we will get to that in a second. there was a poignant moment in the press conference, the whole presentation, the president presented in the audience people called angel moms. that is relatives, parents and brothers and sisters, of people who were killed by illegal immigrants. he held them up and said stand up and they had pictures of their loved ones. this is the violent side of illegal immigration. he was then asked a question by jim acosta, cnn's guy in the rose garden there, about crime statistics. and the president simply said look at this. look at these people. these are crime statistics. this is the face of violence on the border, and violence by illegal immigrants. well, acosta went on and on and on, insisting that the

president's statistics were wrong. somebody else followed up again the president's statistics are wrong. that's what it developed into, a discussion whether whether or not the president was using right statistics or wrong statistics. ashley: they are trying to make the point there was manufactured crisis on the border. the president mentioned the gun fight that killed 16 people just the other day close to the border. they dismissed that immediately. as you say, continued to question where are you getting your numbers from. i think having the angel moms there and putting the human face on what illegal immigration, the bad actors can do, was very important. stuart: yes. it revealed again the hostility of some members of the press. ashley: yes. stuart: that they interrupted him, they were rude, they attempted to debate with him. ashley: he handled it very well. stuart: he's not having it. sit down. sit down. move on. ashley: yes. move on. stuart: when he told the guy to sit down and eventually he did, the young man rolled his eyes. yes. it just looks so bad.

all right. what have we got now? we have the dow up -- i have just done that. ashley: we actually understand that -- stuart: oh, the video. ashley: we have video. you mentioned the jim acosta question to the president. jim acosta with cnn. he said take a look at the angel moms. they surrounded jim acosta afterwards, confronting him. stuart: oh, oh. ashley: that what you are seeing. they are of course holding pictures of their loved ones who were killed by illegal aliens. stuart: i see jim acosta there nodding, smiling. he's being confronted by the victims of illegal immigration. what's he doing there? just nodding and smiling. they are telling him what for. ashley: good for you, ladies and gentlemen. good for you. stuart: there's no excuse for rudeness. in front of the president of the united states. no excuse whatsoever. i don't care what your point of view. would mr. acosta have been as rude as that to barack obama? ashley: no. of course not. he would agree with his policies. stuart: this is outrageous what

we keep seeing. i'm very glad that the angel moms got a chance to confront mr. acosta. ashley: absolutely. stuart: there he is nodding. what will be his report tonight? will he go on cnn and say you know, they straightened me out? no. no, no, no, no. i don't know whether they are going to mention it or not but i doubt it. i really do. by the way, we are still holding on to a gain of over 300 points for the dow jones average. nothing the president said brought the market down at all. we briefly went down to a plus 300, now are back to a plus 323. by the way, when the president started to speak, the dow was up 336 points and now we are up 320. okay. big tech, almost all of them are down. except for apple, at $169. amazon, $1605. facebook, $161. they are going to be hit with a big fine, $2 billion or $3 billion, probably.

alphabet, down nine bucks at $1194. $1119, i'm sorry. microsoft eking out a 50 cent gain at $107. the beneficiaries of today's market runup are not on the nasdaq. not in the big techs. the financial companies are doing well. morgan stanley, goldman, citigroup, wells fargo, all on the upside, one, two, two and a half percentage points there. we've got a rally that continues. dow jones industrial average now up 320 points. any other points coming out of the press conference that we have not yet covered? ashley: i don't think so. he managed to throw in brexit at the top and said they were going to rapidly expand the trade relationship with the uk after brexit. that was interesting as well. that's good news for the uk, of course. stuart: he did say he expects uk trade to be very increased. that was his words.

ashley: yes. stuart: we better take a commercial break. we have to make some money somehow or other. we will do it now. we'll be right back. the fact is, americans move more than anyone else in the world. on average, we'll live in eleven homes. and every time we move, things change. apartments become houses, cars become mini vans. as we upgrade and downsize, an allstate agent will do the same for our protection. now that you know the truth, are you in good hands?

stuart: have a look at visa and mastercard. both stocks are up. now, why would that be? well, they are going to start charging retailers more to process credit and debit card transactions. now, this starts in april. stores are expected to pass the increases on to you. so maybe your prices are going up, but the stocks are going up as of right now. i would like to check the retailers. they were hit really hard yesterday. ashley: yeah, they were. stuart: retail sales in december were reportedly down by the largest amount in nine years. i do want to tell you, though, that gerald storch was on the show this morning and he knows a great deal about retail. he's run lots of different retail operations. he says those numbers, he doesn't trust them. ashley: you know, it's interesting, brick and mortar sales were down in december more than 3%. you say oh, well, we know why, because of online shopping, e-commerce. but those numbers said e-commerce had a drop of nearly 4% over the same period in

december. now, you could argue a lot of people get bargains in november because they are going so early these days but it doesn't seem right to me. stuart: his explanation was that they were using seasonally adjusted numbers. in other words, sales go up x, and then they come in and say well, it was december, it was this season, that season, we've got to adjust this increase or decrease in sales, because of the season. that's what happened this time around. that's why storch is saying that decline in december is not exactly bogus but don't trust it. ashley: don't worry about it. stuart: don't trust it. payless, another victim in the retail ice age. payless shoes, going out of business. is this a total go out of business? ashley: i guess so. i think of payless, i think of moles. when i think of mole, i think of moles just dead as we know, being turned into churches and doctors' offices and everything else. that was such an '80s thing. payless, a big part of that. stuart: i used to shop there.

a long time ago. now this. oh, this is interesting. of course, this is a big weekend for nascar fans. the daytona 500 takes place sunday. i think it's the 61st year. you can watch of course on fox sports network. our own dagen mcdowell is on the ground with a preview. who is with you? reporter: this is daniel suarez, driver of the number 41 ford for stuart haas racing. i got that right, didn't i? >> i think you got it right. reporter: danny originally grew up in mexico. actually, there's his car going by. you're not allowed to touch the car. >> it's mine. reporter: you grew up in mexico. we were talking before we went live, there's an incredible opportunity. you have lived in the united states, been racing here for about eight years. you are the xfinity champion

from a few years ago. this is an incredible opportunity to tap into the latino community, the mexican community in the united states, really the entire spanish-speaking community. talk about that. >> yeah. i feel very fortunate to be here in nascar, in the cup series, with a team the caliber of stuart haas racing and to be today the only mexican driver in the cup series, it feels very good. it feels a big responsibility at the same time. there is a lot of people from latin america living here in the united states, and i feel like sometimes they need someone from their background to connect in any sport. i feel like actually, that has happened to me in the past. when i see a boxer or something from my country, i like to support. i feel like that is what is happening in nascar. reporter: and someone told me

that like when you go to a racetrack in mexico, where you started your racing career, where you were raised, you are basically elvis, that people chant "danny, danny, danny." >> i'm not sure. reporter: you got to get to that level -- is that your goal here in the united states? >> that would be great. that would be great. but just to let people know what we are doing here in the sport, in nascar, to win races, to be successful and to try to move the needle. that's the most important part. i feel like it's been awhile since a mexican driver was racing here. reporter: stuart will want me to ask you in so many words, do you make good money doing this? >> i don't know. fortunately i have a lot of fun. reporter: thank you, danny. back to you. stuart: that was great even if he didn't answer the question. good stuff. reporter: i tried.

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stuart: before we close my favorite part of the press conference where the president pointed to abc i will take a question from you. you're only marginally better than nbc that was a good line. ashley: just a little bit. i was asked about tariffs. you're asking the wrong guy. i'm a big fan of tariffs. overall just the way he handles media and reporters, he is very good. stuart: it was entertaining.

ashley: very. stuart: the market loved it. at no point throughout the entire statement and press conference did the dow drop? it briefly dropped one point below 300 points. now we're up 360 points. what a day. connell mcshane in for neil. it is yours. connell: what a day. what a rally. we'll try to pick up where you left off. welcome to "cavuto: coast to coast." i'm connell mcshane filling in for neil. you're right president trump at the news conference stuart was talking about hitting a whole range of different issues, border trade, even our national debt at one point but the biggest news what he started off with, what he was there to talk about was signing the spending bill, and then declaring a national emergency in order to build the border wall. so let's get to blake burman at the white house. blake of course was in the rose garden for a news conference. asked a couple questions as usual. got to