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tv   Cavuto Coast to Coast  FOX Business  January 20, 2020 12:00pm-2:00pm EST

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>> sorry, i didn't understand the question. [laughter]. stuart: what a terrible thing to do to the man who is about to appear on your screen in four seconds time. a big smile, neil. it's yours. neil: i had the gift from the senior staff. looked like they were doing a hostage tape. congratulations young man, you have not aged in 10 years because you were old then. >> he got you back. neil: congratulations stuart, many, many more. meantime we're focusing on this incredible, oh, markets are closed. did you know that? >> i knew that. by the way i wanted to ask, stuart, can he stay out to knife knife -- five in the morning? i can.
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neil: would take a little more than 2% to get to 30,000. it would take 9% to get to 32,000, peter navarro, among others saying that is in the equation. a lot depends on key developments. the president is en route to davos, switzerland, but the backdrop of the impeachment trial tomorrow. blake burman is looking at administration legal response to all of this, how it will position itself in the senate. he joins us in the white house. sir? reporter: neil, if they haven't done so already the trump legal team represents the president in the impeachment hearing will file a legal brief today, giving a more fulsome approach, fulsome take as it was described earlier today of the president's legal defense heading into the impeachment trial. as you know, the legal team laid out the six-page answer to the senate over the weekend. we're expecting a much bigger briefing from the president's team here shortly. according to sources that are working with the president's legal team, appears if they will
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focus in on the second article of impeachment, obstruction of congress. sources, this morning, this afternoon are saying the following, quote, these articles of impeachment on their face fail. the second article in particular is both frivolous and dangerous. now the white house today is also continuing to threaten this idea of reciprocity as it relates to the live witnesses, meaning if there are indeed live witnesses down the line, that democrats would get one and republicans would get the next. however the president's senior advisor, kellyanne conway today suggested that if john bolton, the president's former national security advisor would be called, maybe the white house would exert executive privilege. bolton was focus of one of the president's tweets today which he wrote, they didn't want john bolton and others in the house. they were in too much of a rush. now they want them all in the senate. not supposed to be that way, but, if there are witnesses, neil, at some point down the
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line, white house, conway also suggested, that maybe they just have an idea of witness number one would be. watch here. >> the fact that the democrats want to go down the road of possible witnesses what our grandmothers always told us, be careful what you wish for. witness number one would have to be hunter biden. how else would we know about the corruption in ukraine? reporter: witness number one could potentially be hunter biden as you heard there. up on capitol hill the senate chamber has been transformed into a courtroom-like setting. house impeachment managers, right now, this morning we're getting a look at what the senate chamber will look like in the upcoming days into weeks. neil, back to the legal brief for a second, the associated press is reporting it is 110 pages long. we expect to get a look at it here, potentially here in the upcoming minutes. neil? neil: blake, thank you very, very much. that is a lot long their we learned about seven or eight pages about the length of the
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democratic impeachment manager's report. this is 111 pages. get ready for dow 32,000, not 30,000. now you're talking about 32,000? >> i think by the end of the year, by the end of the year we should be well over 32,000. more importantly, we're going to be growing i think closer to 3% real dg than 2%. we'll look to see wages continue to rise disproportionally for men and women work with their hands, which president trump focuses on the great manufacturing economy. neil: it is not as great manufacturing economy as is it was. that 3% is point higher than the most economists. not that economists have been all that prescient. let's go to mark madsen, what he thinks about it. mark, a little more than 2% away from dow 30,000.
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9.3% from dow 32,000. it is easily doable. >> it is easily doable, trying to predict the market in the short run is a fool's errand. reality of the 10% return of stocks, double every seven years. that is what we see historically long periods of time. investors are making a huge mistake right now, they're falling in love with the s&p 500 and large u.s. stocks like the dow. they have so much risk now because they moved into this one asset category. they forgot that the s&p dropped 48% in 2018-9. there was a lot of decade from 2000, to 2009 where it made negative 9%. investors need to be diversified. you want to fall in love with your spouse, not one asset category, that would be the s&p. neil: or food. let me ask you about the forecast here. you're not in the club that says melt-up, whatever you want to call it continues. are you worried about this year?
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>> it is random. so the reality no one can tell you what the next 20% movement is. it could be up, it could be down. you've been in the game long enough to know that's true. what you have to do you have to have some large u.s. stocks in your portfolio but when other things are down, like short-term fixed income, emerging markets, international, you should selling a lot of the profits in your large u.s. stocks and diversifying internationally. people are doing the exact opposite. they're selling thing that has been down, dumping it all in the s&p, trying to make a bet on it. they don't know the amount of risk they're taking. neil: after we had the horrific december, hit the lows on christmas eve. had they gone that route they would have missed an enormous runup and rally that continued for u.s. stocks. got to be a stop sooner or later, you're right, but generally drill on bull markets, they don't die of old age. they are taken out and are murdered. what could murder this market in
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your eye? >> well, same thing that murders all the markets unknowable and unpredictable information. look, anyone that lives under the delusion you can predict the future should have that largely blown away when president trump became our president. no one can predict the future. anyone tells you they can is absolutely lying. that is why you have to build your portfolio so that not matter what happens in the future you will be okay. you measure amount of risk thaw build into it. last year, when the s&p was down for the year, negative 4%, there were a lot of people panicked but if you were following the directions of selling the thing that was high, which is fixed income you would have come out really well. neil: there is that. of course you had done the same with technology stocks you would have missed out on them running up still further, right? >> yeah, well, technology stocks don't have an expected premium. it is sexy asset category. everybody remembers the tech crash remembers losing 70% of their money. you don't want to bet on tech
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stocks either. neil: mark, thank you very, very much. >> pleasure. neil: vice president joe biden snubbed by no less than "the new york times" editorial board. elizabeth warren and amy klobuchar getting a twin endorsement. you don't see that very often. in fact the case of "the times," ever. independent women's forum analyst and, our own charlie gasparino. what do you make about that. >> "the new york times" endorsement. neil: yes. >> elizabeth warren is completely predictable choice. the dual endorsement may be less so. elizabeth warren base is media liberals, affluent, white liberals. this is probably a negative sign for her that she couldn't seize this endorsement single handedly. the indoorers ended up hedging their bets with amy klobuchar this is probably an indication of lack of strength of elizabeth warren's campaign that couldn't seize this, her base, this endorsement in a certain sense. neil: i wonder if the real beneficiary here is amy
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klobuchar. what do you think? >> what is interesting or, joe biden -- neil: yeah. >> ironically, you know, he just got, he is having a big fun raiser next couple weeks. everybody on wall street is going. they couldn't care less about this editorial except for what was between the commas. what is really between the commas, if you read it, i read it first thing in the morning, was that "the new york times" really believe that warren's policies are pie-in-the-sky. did you get your invite to this? neil: i did not. >> sorry. you might be one of the advisors. heavy hitters on there, robert alt man, woman named varney. i don't know if in any relation to our guy. if you read between the commas, she has the passion. she speaks to our needs but guess what? the numbers don't add up. they basically said that. thus here is an alternative in klobuchar. they probably picked two women
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for obvious me too, whatever reasons, political correctness reasons. neil: doesn't it strike you as a little patronizing? >> that's right. >> it is patronizing. >> most democratic voters will -- everybody said his first day was his best day but he is in position to win. if he wins iowa and super tuesday, it is kind of done. neil: i wonder if you look at the approach "the times" has taken. it is novel. i'm wondering if it is about "new york times" getting talked about, here it is getting talked about or does it speak of confusion within the party? >> i think there are a lot of divisions in the democratic party. of course we heard about it on the media non-stop when it was the republican party but there are deep divisions and not just between establishment liberals, establishment democratic party figures who might been in favor of hillary clinton last time
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around but within the democratic base. there is a war between identity politics and hardcore marxist socialism. as far as i'm concerned what henry kissinger about iran and iraq, a pity they both can't lose. there is real division, you saw it in the last debate between elizabeth warren and bernie sanders. i actually think contra to other folks who have done politics more than i have, i think this is another change election in 2020. that is why i think republicans would be wrong to underestimate bernie sanders. he could be a strong candidate. >> i don't think the war is really between warren and sanders even though i know they had a dust-up. neil: they could cancel themselves out. >> they're fighting for that wing the party. the real war is between that whenever the party or what klobuchar or biden represents. you know, listen if you look at the numbers, i mean, where is the, where is the twitter sphere going? it is white, mainly white, progressives on twitter, young,
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who believe in that socialist, progress i have, these mandates. and you have, you know, about 60% of the democratic party which is moderate. we're talking african-americans, could be very conservative on social issues. i think that's where tension is. it is incredibly. i think that is reflected in this, in this op-ed. they were base saying, "times" basically say, elizabeth warren has all the passion but common sense is amy klobuchar. if you just -- neil: i agree with that. i read it a couple times to get the gist of it. my view in essence this was a way for "the new york times" to say klobuchar is the way you go instilling that passion, taking it to the next level, not elizabeth warren. now that is me making that leap. i don't think deliberate approach there but obviously "the times" is worried enough, to say if we go that rout exclusively why it hedged the bets with klobuchar the democrats will lose. what do you think?
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>> like i said i think it reflects weakness in elizabeth warren's campaign this is not a solo endorsement but i do disagree by the way she and bernie sanders are sharing voters. i actually don't think that is the case. even though she cribbed off bernie's proposals has been in favor of hard lore left proposals on economics he has been in favor from the beginning, but if you actually dig into some of these polls, you see elizabeth warren and pete buttigieg they share more in terms of overlap in their voters. they tend to be sort of core voters. >> i was talking policy. >> yeah. they have overlap in policy but not no voters. >> maybe but overlapping policy will translate into voters later. neil: we shall see, we'll no soon enough as process getting going. are you going to super bowl? >> i am. i will be there with john tatum. i will be doing your show with daiquiri in my hand. what do they drink?
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mojitos. neil: i'm holding down the show. fox will broadcast it making money hand over fist with pricey ads which would pay for charlie's trip. >> let's be clear. going on my own. nobody paying for it but me. neil: i don't believe it. if you don't believe it either, address it at cavuto@foxnews.com , where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. that's why we go beyond the numbers. tit's great actually, i've been listening to audible. it's audiobooks, news, meditations... gotta go! ♪ ♪
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no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. neil: all right. now we're set. super bowl already now, not only competition happening that famous sunday two weeks from now. advertisers will be facing off for your attention and they're paying top dollar to get it. grady trimble has details. hey, grade di. reporter: charlie gasparino will
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be at the game. he will miss out on the commercials. we have a sneak-peek. a lot of familiar brand will be in the super bowl commercials any way this year. doritos for one, they recruited sam elliot who recites an odd monologue of old town road song. hyundai will have a commercial with rachel scratch from "snl" teaching how to speak a boston accent. then bud light seltzer. then a spot featuring chris rock and sylvester stallone. one of them mc hammer teaming up with cheetos how he wrote his iconic hit song, "can't touch this." >> hmm. wait. can't touch this.
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♪. reporter: all of these advertisers paying a whopping $5.6 million just for 30 seconds about 100 million people will be watching the big game though. seems to be worth it. two other people thought it was worth it, michael bloomberg, president donald trump. both of them will have ads that will appear during this year during the super bowl. a little bit of shameless self-promotion here, you can watch the big game february 2nd, 6:30 eastern on fox. neil? neil: thank you my friend. thank you grady trimble joining us from chicago on that. the battle lines in streaming wars are building. we don't know who will win out. netflix has earnings out tomorrow after the bell. the principle player not only player. deirdre bolton with a lot more. reporter: last night, helena bonham-carter accepted the ensemble sag award for "the
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crown." netflix results will be how the company is faring since the launch of apple plus and disney plus. the stock is the worst performing fang stock over the last 12 months. it is down 2 1/2%. recall the s&p 500 rose 27% in that time. it also has growing debt load. that makes a lot of investors nervous, paired with increased competition. netflix also missed its own internal subscriber growth targets the last two quarters. so that makes tomorrow's focus on particular metric all the more intense. disney stock up 30% in the past 52 weeks. it will not disclose new subscriber numbers until february. some analysts say disney plus could hit 25 million users by the end of the first quarter of 2020. some of that data we should say is skewed since verizon is offering some of its customers a free year.
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worth noting that disney is more diversified. streaming is only parts of their business, a fact reassuring to disney investors. investors say brass tacks no matter which streaming content will win so-called streaming war, the provider that produces most consistent, compelling content runs the least risk of being cut in a household budget. netflix seems to go big or go home spending plan. bmo capital markets says the company will pour $17.3 billion into content creation this year. as a comparison point, much smaller apple only spending $6 billion on new tv shows and movies for apple tv plus. neil, seems for the moment all of streamers, if you like, are in fact winning because it seems like people are willing to sign up before more than just one. so it is probably at least 15 to 18 months before there is a true shakeout according to most
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analysts. neil, back to you. neil: what confuses people, finding programing you see advertised on conventional tv. is that houla, netflix, apple? >> you have to be very organized. neil: very organized. thank you very much, deirdre be appreciate it. lawmakers are looking to ease security deposit fees for renters. that is only one problem for that, the very people they're trying to help it could backfire. ♪. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. oh, your she's landed.ed. and she's on her way to our house. what. i thought she was coming next weekend. i got it. alexa. start the coffee.
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♪. neil: all right, on this day we honor martin luther king, jr. something that has developed over the last few years, that bears note here. you always talk about the record low unemployment in this country
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at 3 1/2%. for african-americans, also, at a near record low of 5.9%. this plays out among all minority groups in this country. republicans say that is the president. democrats say that is prior presidents namely barack obama. it has been a trend that has been the economy's friend but it has picked up steam, should i say with the unemployment rate, down steam certainly over the last few years. president trump says that might be reason enough to at least consider republicans and himself for african-american voters. fox news political analyst, gianno caldwell. always good to have you, my friend. when he was campaigning i remember one of his more famous lines in addressing african-american audience, what the hell do you have to lose? what has big government, big spending, democratic initiatives done for you? try me. what do you think of that. >> it is interesting, in order to analyze that, to provide commentary through history what liberal policies have done.
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i often equate liberal policies to the destruction of the african-american community. if i look back at certain thinks that happened in our history, slavery supported by democrats of the jim crow supported by democrats. planned parenthood created by march margaret sanger created for elimination of the black race. abortion policies, aborting millions of black babies. creating abandonment mentality. single parent mother rate in 1960s among black women was 25%. now it is 80%. you think about dodd-frank. dodd-frank this policy created to put regulations on banks like jpmorgan chase and bank of mechanic, but these same regulation policies affect black-owned banks which put a lot of banks out of business and a lot of african-americans got mortgages and loans from. housings lowest ever been about after can americans. 94 crime bill. we can go on and on and on.
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liberal policies mean to me create to the destruction of african-american community. we have a president in office, he happens to be republican seems to be obsessed with the progress of black america. talk about the first step act. thousands of people released from jail, 90% being african-american. opportunity zones. 1.3 million families impacted. funding for historical black colleges and universities. jail reform. it goes on and on. we know what we had to lose. we've seen what we lost under liberal policies. we see what we have to gain with this particular president. what he has done, we know we have a media 90% negative against them. so in spite of all these things he accomplished, they will try to find a negative angle in every story. therefore, i am suggesting to every republican, we need to go beyond just sending out nice press releases, talking about the progress the gop made for
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black is extremely important to do that, we need to go to the black communities. we need to be in detroit, baltimore, chicago. we raised so much money, we need to spend money in areas that need to hear the message because i believe there is underbelly of support within the black community for the trump policies that people need to know directly from republicans what these policies have done for them. neil: now i know you write in your book, taken for granted, this motion that democrats have just sort of taken african-americans for granted. >> absolutely. neil: with the belief, all right, if you look to the republican party they're just racist and worse. for democrats and all the spending initiatives, the feeling seems to be their worth is decided to african-american voters by how much they're willing to spend to help them out. you seem to be arguing just the opposite? >> yeah. absolutely because we see that this spending that they have done on program after program hasn't worked. it hasn't been beneficial.
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when you look at the analysis done economically when it comes to the african-american community you often see folks at the bottom rung. look at these liberal-ran cities. how many black folks do you see truly prospering under these policies? look at the state of california. talking about homeless people all over. see high percentage of african-americans. these policies have not worked out to the african-americans benefit. here is the thing where republicans, i think republicans are failing. i will go back to my previous point. it is easy to call a republican a racist if you never met one. if you never spent time talking to one. if you don't know what policies like civil rights, et cetera, the policies that republicans have implemented for the benefit of black america, then it is easy. i can believe in the bogeyman because i never met him. this is why it is so important, i think the trump, rnc needs to get out into the communities and push the message live and in person. neil: that is well-put.
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gianno caldwell wrote a whole book on this subject. "taken for granted." how conservatism wins for black americans. neil: thank you my friend. >> thank you so much. you met on an app. delete it.
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neil: renting thought to be more
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affordable at least near term than owning especially because you don't have to put down as much money versus when you try to buy a property. but deposits are pretty strong and pretty steep themselves but there are ways around that. a lot of lawmakers are looking to give renters more options how they pay the deposits, maybe lessen them at same time. cincinnati passed a law let es renters escape cash all together. we have the national realtors ceo says this will only make rents increase. how so, charles? >> thanks for having me on, neil, appreciate it. what we look at when you increase risk of somebody investing, they have capital out there, they say you know what? we'll put you more at risk, they have to offset, so either rents go up or standards for renting go up. people on margins will be less likely to be able to rent. in short what they will do, they're going to protect their assets. so one way or the other -- neil: protecting their assets,
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if you could explain that part? >> so when you have a piece of property, a house, a apartment building, whether 30, 50, $100,000 a door, there is an asset to be protected. part of security deposit does, says, across the country, i make sure i leave this place in good condition. that money is incentive to make sure you do that. when, this misguided feel-good law comes in says, hey, what we want to do to minimize that, so the security deposit doesn't become an obstacle. renting is the affordable option. a lot of people choose to rent. when you start to say, we'll meddle around in this, i understand on coast you have higher rents, face it that is true. in the midwest, we're talking very affordable housing, especially the cincinnati area. across the midwest. but the market actually has driven down a lot of the security deposits to $99, $250
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on average. we did our polling, that is what we came across. this is not something we're talking 5000, $10,000 to get in. we're not talking house level even. there is minimal cost but enough of a incentive to make sure you clean up to fix the property. neil: what are we talking about now? in most cases when you rent an apartment or home, you put up one month's rent as a deposit, sometimes more depending on the locale. what are they talking about now? >> this option, piece of legislation that finally moved forward, you either do a security deposit or a property owner was mandated to give a very specific kind of legislation, legislation was very specific that you had to have certain kind of insurance offered. it was definitely corporately pushed and drafted, the idea, the problem behind the scenes, it is not really insurance, because if i get in a car accident, i have insurance, the car is paid for, i'm not asked
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to pay for the repairs on that car, yet these kind of security deposits actually do. their insurance, you don't have to pay as much up front. what happens, potentially a payday loan scheme. so somebody comes in, they don't want to pay $500 up front, pay, three, five, $10 whole time they live there. when they move out, at that point the company will come back, say, hey, you need to pay for the 300 damages, $400 damages. wait a second i've been paying all along. you've been paying all along, so you wouldn't have to pay up front funds. that is time, they're probably renting another place with a security deposit. here is the convenient -- neil: real quickly, that money they're putting incrementally, isn't it treated same as up front security deposit? >> no it's not. it's not. that is part of the problem, we're trapping people potentially in a pay day loan type scheme. neil: we'll watch it closely.
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>> it will be ready in q1, most likely february, earlier in march. we think it appears probable that the first crude launch would occur in the second quarter. neil: he is talking about human beings in space. elon musk celebrating the
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capsule that will carry nasa astronauts, saying the first group based mission, x mission as it is called could happen as soon as june. fox news headlines 24/7 anchor, yes, sign me up for first line, bret larson. that is a lot sooner than i thought. is that doable? >> i was caught off-guard. boeing had the failure with the launch, trying to send the space capsule to the spacestation which had a computer issue. that is not good. now they're saying four to six months. they tested the dragon space capsule, the abort feature is working. he is saying four to six months. i think it is doable. spacex had a lot of success. they had a lot of failures, as we saw with nasa, to put the man on the moon, there were times i couldn't imagine being a astronaut watching things blow up on the launchpad. i'm going in that? neil: almost every other launch it was up in flames. >> yeah. neil: i'm wondering this type of
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now private, led by private, not exclusively private money. >> right. neil: this is the future. this is how we'll do it, right? >> it seems to be the best case of a public/private partnership. nasa is paying, nasa apparently paying them $55 million an astronaut to launch on spacex capsule, a savings of 30 million from what we were paying russia to launch soyuz. neil: are we paying to the people we beat in the space race? >> there is something sad about that, we were the only to get to the moon and land and come back and we're paying the country we're fighting with. neil: elon musk, that will lead this new wave of space travel? >> i think so and that he's exciting we're at least doing it again. that is something a lot of people in my generation, in their young 20s, of growing up watching excitement about space
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shuttle launches that would happen. we watched them in classes. neil: did ever want to be a astronaut? >> i definitely done knit. i flew on the vomit commit. being weightless is cool. scary. neil: i wanted to be astronaut. my parents took me to kennedy space center. even as a kid i was too fat to fit in it. i skipped the astronaut thing, became an anchor. >> that is the way they do it. neil: that is the way to do it. >> i didn't like the food. neil: it hasn't improved. >> no, it has not. neil: meantime, you help me with this, the space force unveiling the uniform. in the end i looked at this, really? what? >> why do we need camouflage in space? there is not, last time i checked, i could be wrong, i'm not up there, there is no trees. we were talking about this on 24/7. shouldn't you have a black spacesuit with a little dots on that. neil: a lot of thought went into that.
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meeting around the table. guys we have to come up with camouflage. >> camouflage in space it should be a solid color. welcome to the club, guys. that seem as little odd. definitely i'm excited to see them actually put astronauts in the dragon and get to the space station. neil: put up on more per capita basis more than we ever could do, china is going like gangbusters. >> they are. neil: dark side of the moon. interstellar missions planned and they have money to burn and they're doing it. >> they have a very aggressive aviation push, with all their own planes cleared to fly in china. that will give boeing and airbus a run for their money. neil: all right, fellow astronaut, i guess we're done here. bret larson. >> if they need astronaut to go on one of the later missions -- neil: i like they say go to mars, don't come back. i like the opportunity. >> i'm sure some people would like me to go to mars and never come back. neil: brett larson reporting
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neil: president reportedly considering in coming days to released a revised middle east peace plan. protests are legion throughout the region. fox news correspondent tray -- trey yingst. reporter: good afternoon my friend. we can confirm it is done. we don't know exactly whether it
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was will be released ahead of march elections for third time in a year. benjamin netanyahu is likely using the release as part of his political initiative here in israel. meanwhile protests across the middle east continuing in places like iraq and lebanon, many against their government doing with iranian involvement and entrenchment throughout the middle east. we saw in baghdad killed overnight and dozens injured. security forces fired live ammunition and tear gas. hundreds of iraqis blocked main roads to the capitol. these were used to efforts to block vision of gunman who occasionally opened fire on demonstrators. baghdad said 14 police officers were injured and a number of other injuries to other security forces in the area since new clashes began over the weekend. similar protests are happening in lebanon with demonstrators. they're participating in a week of rage.
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tripoli and they set fires to buildings. they demand a new government amid a growing economic crisis. lebanese banks are running out of money. one protester says essentially the economy is frozen. take a listen. >> translator: this is for the future of our children, for us and our children. the country as you can see is frozen. the situation is not nominal. they are not doing anything. they are a bunch of of thieves. reporter: in lebanon there is a lot of frustration that the government is focused on iranian-backed militant group hezbollah. in iraq there is frustration that the government is focused on iranian-backed shia militias. similar issues across the region as iran tries to expand the footprint in the middle east. neil. neil: trey yaingst.
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thanks. which hear about a. how bad is this, doctor? >> it is a lot worth than the reporting this is emerging virus. this cold-like virus, sars-like. people don't have immunity to it. they get very sick from it. it causes congestion, fevers, aches but also can cause pneumonia. it already killed three people by report but here's the problem, neil, the chinese government isn't going to report it at all until they have cases that are very, very sick. the imperial college of london saying there is probably 1700 cases already and the chinese government is only reporting 218 cases. neil: what makes them say that? one woman who died was south korean, she was transit on a flight. once it gets to the point where it is moving then it is dangerous. >> that's it. that is the point. the city in central china where it started has 19 million people. there is already reported cases in beijing and shanghai and south korea and thailand, japan.
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so when it starts to spread that far, travel is the key, it can really catch fire. it is looking like it may spread around the globe. that is what we really worry about. neil: vaccine for this, or too early. >> no vaccine, for known corona viruses. the way to contain it, same with sars. get people who are sick, isolate them, take them away from people they're spreading to. neil: a lot don't even know they are. they're in various stages. >> that is the point. it is four or five days before you start to show symptoms, when you could be spreading it, not know you have it. usually health officials will say who has been in contact with who. it is called contact tracing. we're concerned that chinese health officials are not doing that sufficiently. neil: is this, you picked this up airborne? >> it is airborne. by touch surfaces. sneeze or cough on people. right now, cdc put alert on air travel coming here to the united states. not here yet. it could come here. neil: so when, i was noticing those who were affected, they
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covered the gamut. wasn't just elderly or infirmed. it was everyone from a young woman. >> correct. neil: a athlete i believe. >> yeah. neil: so what do you do to protect yourself if you're visiting this region? >> you can wear a mask. wash your hands frequently. all of these disinfectants that we know kill this you already pointed out the biggest product. people infirmed, chronically ill, very elderly, when they get it get pneumonia end up in the hospital or worse. that is why we have to protect the community. you have to kill this virus. you have to know you've been exposed to it. neil: if you've been treated for the common flu in the united states, that will not be enough to deal with this. >> not at all. it is completely different. it is the same precautions we would have to take. what we would definitely do in the u.s., send it to disease control. they will isolate people that have been exposed to it. try to contain it that way. by the way that cough is nothing to worry about. neil: i was wondering.
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if it is i'm in big trouble. thank you very, very much, doctor. we're monitoring this closely. the chinese said they got things under control. to the doctor's point, whatever numbers they are mentioning, seem to be substantially smaller than what other experts are fearing. we'll have more after this. eat . that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. tit's great actually, i've been listening to audible. ... ♪ hey! you know, i do think it's weird you've started commuting when you work from home. i'll be in my office. download audible and start every day off right.
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why you need to start owning gold today. - with nearly two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. neil: the markets might be closed but we at fox business are always open for business always looking after you and your money following very very closely the president who is about to untout his economic record when he gets to davos switzerland, he will speak tomorrow morning at 5:30 in the morning eastern time meanwhile the senate impeachment trial as you might know begins tomorrow and we're getting a little bit of a gist of what the trump lawyers are presenting in 110- page sort of a legal brief that kind of spells out their goals they are going to be
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saying that this impeachment case is flimsy. go on to say that it is absolutely nothing wrong that is the president, they go on to say that this is a version of the constitution and something that must be stopped and addressed right now. democrats, they say, are dilut ing the standards of impeachment and therefore making it easier to impeach future presidents of either party so that will be their legal premise in case you're counting pages here, there's is 110 pages the democratic managers 110, it's 12 point new times roman type beings same margins, i have no idea but just thought i'd pass that along to you, meanwhile, we've got market watchers paul d i etrick and courtney. i'm just wondering the impeachment stuff, does it enter into your equation on the markets it's a great unknown and we know how it's going to finish , but play it out for me. >> i think you kind of have to ignore these headlines that are out there whether it's impeachment or trade wars or
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iran there's always something else around the corner so look at how is the economy right now and the economy is still on really strong footings and for any of my clients or investors, we're looking at your long term time horizon, so -- neil: what is long term for them >> realistic we're talk about your entire lifetime but even over the next couple of years? neil: you get to my age long term gets to be lunch tomorrow but the near term it still seems like a crazy ride. >> most people on wall street understand that impeachment is not going to effect anything in the underlying economy. stuart: what if you had a sudden call for witnesses and two sides approve en there by potentially lengthening this drama out. >> still not going to effect anything in the underlying economy and we have one example the bill clinton impeachment where from the beginning of the process to when he was acquitted , the market was up 28% neil: that's a very good example
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and one of the things we've been saying the two compare quite similarly is strong back drop, the market strong back drop for stocks, and the economy, itself. one of the reasons why i think bill clinton survived that was because those at the corner of wall and broad they lovemaking money and they didn't want to see that risked. >> this is going to be very very hard, neil because when you have an unbelievably great economic background going on, what exactly do you poke holes in and what exactly can you do and looking at someone else, let's just say, something happened and president trump is gone. everybody is going to want to continue on his economic policies to keep it status quo. neil: but every single one of the democrats will raise taxes to some degree, so that would be a scare wouldn't it? >> of course it was and i think that's the reason why elizabeth warren did not really get a lot
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of wall street backing because of the shock to the system, along with the fact that our economic policies really just didn't add up. neil: you know, one of the things that a lot of the administration officials have been touting and maybe the president outlines it in davos tomorrow is that there's a lot more to come. they are going to be targeted tax cut, of course i'd imagine that would depend on a republican house to work with the president on that but that there are bigger and better things to come, another trade deal, they hope a trade deal that won't be as nasty as we had with china, with europe. how is that all going to go? >> all of these things are taking away a lot of the uncertainty the markets have right now because when you look at last year what i find fascinating is despite the fact that the markets did so fantastic in 2019 investors are still really nervous and they have been pulling money out of the markets. neil: that would be a health it development right? if there's enough out there, right? >> yeah, it's a positive sign but you do have things like trade wars over weighing investors fears of getting money invested so getting that lifted
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and if there is more to come that's a positive sign. neil: this past weekend, i talked to peter navarro and the trade advise or saying i see now 32000 and when you think about it it's about a 9% jump from where we are now doable. and 30,000 is 2% away. what do you think of that? >> i think that's doable. i expect to see 7% to 9% growth in the market this year. neil: really? >> if you look at theim f reports, that just came out this morning, they are project ing higher growth, global ly, as well as in the united states. i think with the trade deal, which i found a bit disappointing, but it does, for the davos types, it gives a reprieve for any tariff chaos for the next year, and i think this is going to be a good year for the markets and president trump is going to use every lever of power at his disposal to keep this economic --
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neil: every president. >> it'll work, i'm sure for november 30 and that's going to be good for the stock markets. neil: we shall see. i want to bring edward lawrence into all of this because given the strong economy and they've talked about it and the strong markets you'd think the president would be up by double-digits in a lot of the battleground states he is not, not in the polls, they can be wrong but that is a little bit surprising especially amid recent polls that show no less than michael bloomberg is doing quite well in head-to-head match ups with the president. " ward that surprises me. >> it's very interesting what some of this early polling is showing especially now that bloomberg is coming into the race announcing not too long ago he wants to run for president formally. former new york city meyer trying to move up into the polls but right now bloomberg sits in san diegos in state polling among democrats former vice president joe biden leading democrats in most states for
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that nomination. now, head-to-head with president donald trump, if you average all of the polls, from mid-december to mid-january, it's almost a dead heat, but bloomberg wins nationally by 1 point but that's within the margin of error. now in recent state polling head-to-head detroit news polls shows bloomberg would beat president trump in michigan by 6 points, 47% bloomberg, 41% for president trump. other polls in michigan have bloomberg winning by 7 points and this is early on and democrats have not decided who their nominee is going to be so here this morning is bloomberg on nbc, about his presidential bid overall. listen. >> i don't have this burning desire from the day i was born to be president of the united states. reporter: he adds he just wants to do something good for the country but didn't know what it was until now. now, bloomberg is now announcing his policy proposal for economic justice, for african americans and in an attempt to gain
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support, bloomberg says that his stop and frisk policy in new york city was a mistake. >> now, as all of you know, in my determination to reduce gun violence, we employed a common big city police practice called stop-and-frisk and that resulted in far too many innocent people being stopped and when i realized that we took action and by the time i left office we finally cut stops by 95%. but as i've said, i was wrong not to act faster and sooner to cut the stops. reporter: now to get that message out bloomberg is opening up his wallet and i want you to take a look at this draft. this is just 13 days from december 30 to january 11, bloomberg spent $14 million. biden not even $1 million, senator bernie sanders about $2 million, these are onlinea ds that he's showing and now showing a little bit of results there, bloomberg is showing up in some of those polls, state polls and national polls. back to you.
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neil: he's going to spend big at the super bowl he's committed $2 billion. it's a lot of money. that's like i don't know, paul d i etrick kind of money. thank you my friend always good having you. we've got a couple of weeks until iowa, by the way fbn will be there, senator elizabeth warren jumping on the social security stat that you might have seen joe biden and bernie sanders get in the middle of after sanders had accused biden of actually supporting cuts, take a look. >> i believe after a lifetime of hard work people are entitled to retire with dignity and i have long-supported expanding the social security system and i think everyone's record on social security is important. neil: then joe biden added into the fray saying that sanders he was actually pushing a doctored video. >> it's a flat line. i have been a gigantic supporter of social security. this is a doctored tape. >> it was not doctored it was what it is, time and time again,
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joe biden has been clear in supporting cuts to social security. neil: back with my panel right now. this is a thorny issue for people, social security as a program, these are the programs that can not sustain themselves, so there has to be adjustments that are run. i'm not saying for retirees now, but to ignore that doesn't exactly endear candidates what do you think ? no and i think that this fight, if you are a democrat competing in this presidential deal, i think that it is a smart argument that they're picking up , because what appeals to most americans is the retirement and -- neil: and you don't want to risk it, it's not worth consider risking it, right? >> yeah, it's on a lot of people's minds, pensions are becoming obsolete especially for people who are younger maybe don't work for the government as social security has a big source of income so it's a big topic
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and will continue to be as we go forward. >> the entitlements are the main driver of our deficits in this country and if we do not get a handle on it and joe biden has, he hasn't supported cuts in social security. what he has supported was raising the retirement age and if you think about it when social security came into effect , the average life expectancy of a man back in the 40s during the roosevelt era was 62 years of age. he worked, paid in, retired at 65, died at 62, that's a sound system. neil: and you have 16 younger people paying in. >> exactly and now that we're living into our 80s, you've got to raise the retirement age in order to get this on sound financial footing. neil: but i don't see either party having the will to talk about grandfathering that kind of thing in, right? >> well the republicans had a fairly strong position on this,
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but trump, it was opposed to it so it died. >> and we have a lot of ceo's that are, i know people that are still working 81, 82, and you know, carl icahns there are people that are still in the game, very relevant to their business and they are well into their late 70s and 80s. neil: but then again they don't need social security. >> they don't need it but other people feel like they want to stay relevant and not be a billionaire but stay in the game >> i know people at the time who are retiring and starting a new job. >> consulting. neil: but it's a real issue and the democrats do know that so they don't want to get in the way of that, meanwhile there's a new warning that a mass exodus from high-tax states isn't just starting. it's snowballing, after this. t. rowe price experts go beyond the numbers to examine investment opportunities firsthand, like biotech.
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neil: all right, the tax act as it continues if you're in a high -tax state, you're wondering where all your constituents are going because they are going to low-tax states, florida, texas, the big beneficiary, nevada, what have you but that migration continues that now a rapid pace, so rapid that the governor of new jersey is practically putting chains on people to prevent them from leaving or at least make it very difficult they are either entertaining the thought and scag operating to make the point if you're in a high tax state you have to look over your shoulder and wondering if you'll have the very rich to pay the taxes and the like that a lot have been going after and the u.s. census is showing that texas' population for example, grew by more than the entire population of high-tax connecticut this past decade. back with my panel to explore
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that. courtney, it's obviously math for a lot of people but what a lot of these governors of these high-tax states discovered is you can go ahead and slap taxes on the rich but money is mobile and a lot of the rich are moving what do you make of this? >> i think people have to look at value and even have people working their whole lives and moving in retirement because they realize we can't afford it. a lot of new jersey most of our pensions are paid to people out of state because they are working in new jersey and leaving and can't retire there any longer. neil: what do you think of that? >> well i think that's exactly right but i'm fascinated by the change in politics, as people are exiting new jersey, new york , and going to places like atlanta, northern virginia, texas, other places. i mean you're seeing atlanta change politically from a red area to a purple area, because of all of the noise. neil: you wouldn't hear that about texas. its always been that way, but now it's getting, right, right, i wondered, be careful what you
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wish for right? >> yeah and that's a great point. also if i do a fundraiser and i collect my checks at the end of the evening or the lunch and i'll look at the checks and make sure everything is there and about 80% of the checks have a texas address, a florida address even if the people are from new york or other states. neil: well you mentioned florida it's not all a free pass there, real estate taxes are very high but even allowing for that, it's still a lot less for the tax burden than would be on new york or whatever. >> right and you made a really good point, which was great by saying that even though the real estate taxes are higher you're getting something for it meaning if you're in another state, like new jersey just throwing it into a deep dark hole where you actually might be paying a little bit more but you're doing so on a home that you are on a piece of property that you own. neil: they've always said if these high-tax states could get their spending under control on a per capita basis that new york government is twice as big as
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florida is roughly the same population and a lot of people are saying there's something wrong there that the tax package enacted a couple of years ago was supposed to compel people to sort of do the math and get state, especially high tax ones to change their way. i haven't seen them changing their ways but what do you say? >> yeah, we had this new tax law a couple of years ago but a lot of people are effected where real estate taxes and local taxes are high in places in new york, new jersey and connecticut and a lot has been capped for people so they have to start to look around and say am i better off in a lower cost state where i won't account for these taxes and/or the taxes are lower. neil: or they don't have taxes period. so where do you see all of this going? it is a seismic shift going on and to your point? >> it's going to change politic s certainly, but we've had a lot of experience with this not like this is happening for the first time and you get well-meaning but economically illiterate legislators who are trying to do something good but
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it back fires, and we see it in policies and just all of the policies, it actually back fires and it does exactly the opposite of what these are planning. neil: people at least in my home state of new jersey that 7/10 support raising taxes on the wealthy. yet you have the legislators, president, who is a democrat saying you're going to chase your only base out of the state, which argument ultimately wins? >> this is what, and i was going to ask everybody, i wonder how long it takes to transition a state from a new jersey or connecticut into a state that people want to come to like a florida or a texas. i wonder how long it takes to transition towards a tax-free state because are more and more people not seeing that oh, my gosh, people are leaving my state, they're not bringing business industries in here, we're going to be just a land of a ghost town if we don't change
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our tax policy, so i know. >> i agree. i mean, everyone wants to tax someone other than themselves, but you go after a very small group of people who can just leave. neil: or you could be the royal couple, right? prince harry breaking his silence, regrets with the former royal couple now, after this. >> i want you to hear the truth from me, as much as i can share, not as a prince, or duke but as harry and many of you have watched grow up over the last 35 years. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. [shouting]
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the decision that i have made for my wife and i to step back is not one i made lightly. it was so many months of talks after so many years of challenge s, and i know that i haven't always got it right but
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as far as this goes there really was no other option. what i want to make clear is we're not walking away, and we certainly aren't walking away from you. neil: prince harry and meghan markle dropping their royal titles and returning $3 million back to the taxpayers for that little collage they spruced up i think it's a 10 bedroom cottage, and ashley webster cottage who joins us right now. ashley: [laughter] neil: you and i were talking at the break. i don't think they envisioned this response. but i could be wrong. ashley: no i think you're actually right. i think harry and megan when they first started down this path felt they could be inside and outside the palace at the same time, one foot in one foot out. doesn't work like that. either you're all in and you support the royal family and go to the engagements and get paid by the queen, or you're out. there's no in between. neil: and they get no money? ashley: that's it. neil: but he's still royal? ashley: yes he's still a prince
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and will be harry duke of sussex but he won't be his royalh ein e ss, of sussex. neil: but can you still make money? ashley: no you can't. they have this line of goods, which i hate to put it like that but let's face it it is a business. sussex royal, they pant patented it, they got it on t-shirts and towels and you name it and it makes you wonder can they make money from that because it's obviously playing on their royal background which they aren't allowed to do. neil: but everyone knows who they are, right? so is there something to be playing off that, now because the one thing that amazes me and i didn't know this ahead of time , they were doing very well, of course, as part of the royal family, but apparently, they santa fe to do much much better apart from it. ashley: i think so you go out to the real-world and canada and your wife, megan is an actress, she's already inked a deal with disney for some further future
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project. harry could do what the obamas have done, since he left office, so he could do a deal with apple for documentaries or whatever it is. neil: but do they have a short shelf life here? will people forget because you're always sixth in line, that doesn't mean that you'll get thethron e, but you are part of a hierarchy. >> you are, but do you lose yourcach e? maybe in time we'll find out but i don't think they are going to be poor by any means and his father, charles still i think last year gave him 2.5 million from his money, so i mean, does that continue and is that really being financially independent? i don't know, but as to the ability to be financially independent themselves by going out into the real-world, yes, they are going to do well. and let's not forget we've seen pictures of harry not only pitch ing bobig er, the head of disney, it's like prince to
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hollywood agent and he has no shame about it and now there's video of him pitching a movie director and it's like a want this voiceover stuff and what are they going to say? oh, really yes that's really wonderful. neil: so in the long run would this tempt royal players to do the same thing? ashley: it's interesting and a very good question. i think the monarchy has always been on a path of slimming down and what's happened to andrew and he's being pushed to the background they don't really want to talk about him very much and i think charles whenever he does become king, i think that he knows the writings on the wall. the sad thing is i think harry and megan were good for the royal family. they were progressive, and -- neil: they seem to all blame megan for this. that's not fair. ashley: it's not fair and i think harry gave that speech this weekend where he kept stressing i, i'm the one who made this decision. i did not take it lightly in other words it wasn't my wife. i was the one that started this. neil: but they could still
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market off just the name. ashley: yeah, sure. neil: i would go into meats and cheeses. you've got to do a verb with all of the major food groups. thank you, my friend. always the best. ashley: my pleasure. neil: in the meantime, paying with just an amazon wave. not a credit card, just a wave. it's like a royal wave, all of a sudden like i paid what! after this. he wanted a man cave in our new home. but she wanted to be close to nature. so, we met in the middle. ohhhhh! look who just woke up! you are so cute!
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neil: all right, the president plans to meet with the leaders of iraq, pakistan, when he is in switzerland, during the big davos and meanwhile president trump and his legal team arguing the articles of impeachment are dangerous and should be rejected by the senate, as if you'd expect him to say the opposite like oh, we agree with everything here where do we sign anyway fox news congressional correspondent chad pergram on the latest to time this out. what do we have here, my friend? reporter: we've just gotten a couple of sets of documents from both the administration and also from the house here in the past couple of hours here. this is the 110-page brief that the president trump's defense attorneys have filed and it says the following. house democrats were determined from the outset to find some way , any way to corrupt the power of impeachment as a political tool, to overturn the 2016 election and interfere in
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2020 and that is a dangerous per version of the constitution and now the managers have sent a rebuttal, a replication as it's called in lawyer terms here president trump maintains the senate cannot remove him even if the house proves its case. that is a chilling assertion. it is dead wrong as president trump believes otherwise that only highlights the threat that he will gain, engage in that conduct again. now the house managers six of the seven impeachment managers went over to the senate this morning for a walk-through, and what we still don't have, neil, are the parameters as to how the senate will conduct this trial. this is sticking in senate minority leader chuck schumer. >> why is mcconnell being so secretive about his proposal? well, there are two obvious answers. one, he wants to rush this thing through, so quickly, because
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he's afraid of what the american people might hear. reporter: the other thing in the cards tomorrow is a motion to dismiss, but lindsey graham, the republican senator from south carolina says that's not going to happen. >> there are a lot of senators that i think will wind up acquitting the president but believe that we need to hear the house's case, the president's case, answer to the house's case , and ask questions and then that's when the witness requests will be, so the idea of dismissing the case early on is not going to happen. we don't have the votes for that reporter: here is the general schedule. tomorrow will be a lot of procedural debate and votes as they setup the parameters for the trial, we should expect chuck schumer to offer a motion to call witnesses and documents. wednesday and thursday are going to be pretty long day, same case with friday and saturday and those are the days that the prosecution, the house managers and the president's legal defense team present their cases , and countercases here, and then some time next week they get into, you know,
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potential questions, from senators and maybe then, motions middle of next week, neil, for witnesses and document once again. back to you. neil: is there still like a minimum two-week timeframe on this? obviously the prospect of witnesses or some other issue brought up could stretch it even longer but what are you hearing? reporter: it's hard to see how they don't chew up those two 24- hour blocks in the coming days here. then they get into 16 hours and again this is the actual resolution that's by mitch mcconnell we still don't have and that would probably chew up a couple of days early next week so then you could have another motion to dismiss be an order say wednesday, thursday, or next week, or maybe vote on witnesses and documents, or maybe even go right to judgment toward the end of next week so we're looking at about two weeks, a minimum of this and probably longer, frankly. neil: thank you, my friend, chad pergram. back with my panel right now. paul, the one thing i'm wondering about here is you
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mentioned about what wall street expects that the president won't be impeached but if this is a lengthy trial for whatever reason, does the uncertainty around that, the prospect of different witnesses something that could drag on that pushes back potentially the president's state of the union address for february 4, he might still give it anyway, but measure all of that for me. >> i think that this is the wildcard is having john bolton and some other witnesses where they don't know what they're going to say, and it could have an influence, i don't think it's going to change the outcome. he's not going to be removed but it could have influence on the election, and that's the real wildcard on here. i don't think that it matters how long the impeachment trial is. i think everyone in america, especially people who are voting in democratic primaries say in iowa are going to be watching this so those senators who aren't in iowa, they are going
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to be on msnbc and cnn, and so i think they are going to get their message across and i don't think they really care they are in washington and not in iowa. the people of iowa will be -- neil: well the senators running do? >> right, absolutely and i think, you know, to your point, i think that the democrats are waiting minute-by-minute to see how this plays out, where a lot of the republicans this is getting lost in the shuffle. they want to pay attention to trump speaking tomorrow at the world economic forum, they want to track what's going on that week, they want to talk about different things in the economy, and i think that the impeachment thing really, as far as republicans, is going over their head and back to your point it is something that the democrats are waiting minute by minute to see each play what's going on. neil: we hope obviously democrat s vote for something new to drop or something that would compel witness testimony or what have you but the back drop of this as you were saying at the outset is a strong economy, strong market, the president is
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about to call out what he needs to his foreign counterparts in dove davos and that wins the day. >> i think that's still the case. i don't think it matters how long the trial drags out because if we take another example at the trade wars that dragged out way longer than anybody expected so i think don't another big headline that doesn't change those fundamentals will effect that either. neil: we're going to take a quick break here and obviously there is the super bowl to consider too could that be impacted by any of this. in a word, no but tom brady's future is still a hot topic of concern, and signs right now that point to the possibility his patriot days could be over. whoa, after this. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right.
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the world is customized to you. built for you. so why isn't it all about you, when it comes to your money? so. what's on your mind? we are edward jones, a 97-year-old firm built for right now. with one financial advisor per office, we're all about knowing what's important to you the one who matters. edward jones. it's time for investing to feel individual. neil: all right amazon is trying to look for different ways for you to go about paying for things by linking your credit card information to simply the
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palm of your hand. i have no idea what that means but i bet you christina partsinevelos does with the details. kristina: well, neil, you know, no one likes to wait in line at cashiers even at those automated terminals which is why amazon potentially could be moving forward with literally using your hand, biometrics, as your credit card. we reached out to amazon to get them to confirm this story and they declined to comment but the wall street journal is reporting that they are planning on using this and they are so serious that they even filed a patent, the patent reads and this is literally the first-line, it's a non-contact biometric identification system that includes a hand scanner that generates an image of a user's palm and the following picture that you're going to see on your screen is taken from that patent itself, so it's essentially a wave. you won't even have to touch the scanner, and this just shows how big tech is trying to go after financial services. they already have a treasuretrov
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e of customer information so why not move into that realm. you have apple that launched the credit card, google launched a checking account, amazon has amazon pay wallet which isn't as successful so it seems luke a natural evolution to start using your body. for example, i'm standing, neil, in front of an amazon go store so these stores are expanding across the country, you walk in, no check-out, very easy, you just need the amazon app. this is one example. second example is they use your voice through amazon echo. you can order goods and now the third one is the palm of your hand. there are some reports and this is unconfirmed they will be launched at whole foods so you literally wave your hand to see all of the wrinkles on your hand as well as the veins and then determine if that's your hand and not the first time if you have an industry using it, they are launched in elementary schools in florida, atm machines in japan, and amazon is getting on board, this last but not least, they still have to address the concerns as to how they are going to detech fraud on these terminals and the
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question is how much are they willing to give up for ease of transactions? neil? neil: easier the make it the more you pay, you know they have done that at disney world with the bracelets. kristina: very true. neil: we'll see what happens i appreciate it. meanwhile something weird going on with the markets they aren't budging. someone just told me they're closed. weird. we'll have more, after this. as a struggling actor, i need all the breaks that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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american children are living in poverty, while 58% of african american youth are now not employed. president trump: when i am president, i will work to ensure that all of our kids are treated equally, and protected equally. neil: well, a lot of people say he delivered the goods on that. you know today is the third anniversary of donald trump being sworn in as president of the united states, a year from now, either he is being sworn in again, or someone else is, but during that three-year period, black unemployment hit a record low in fact it was that for every major economic group as well. to making money host charles payne, on what to make of all of that. i think i know the answer, charles? charles: yeah, neil, you and i both are numbers cruncher, so it speaks volumes, it really does. listen, things were getting progressively better under president obama, but when we're talking about sort of going from
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second gear to fifth gear or turbo drive, and more importantly, if you look at the data, for instance non-white wages over the last year or so have extremely gone up extremely more than white wages in terms of shared prosperity and employment-to-population ratio, things like that that go beyond just your typical economic data points have been absolutely phenomenonal, and i think they get better i really do and a lot of this is testament to the same tide lifting all ships and that is just why you want a president whose really trying to do things economically for the entire country, because we all will benefit. neil: you know, i'm wondering too whether it would translate and we had a couple of prominent african american leaders talking about the fact the president can count on more support than republicans typically get from that community, one saying it could get as high as 20%. what do you think of that? charles: i think it will certainly be significantly higher than what polls say.
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it's one thing, because the thing in the black community is to go along and say hey do you know what this president doesn't like black people, or the democratic candidate is saying he doesn't like black people, and it's really hard, in a crowd , to say or suggest otherwise but i really also think and know, from individual conversations, family, friends, others, that people give him a lot more credit than they will ever tell a polster, ever tell anyone taking a survey and i think that's what we're going to see on election day because you're in that booth all by yourself and you'll say do you know what? i've got an uncle who was a non- violent fell on whose driving a truck making 50,000 a year and we gave up to the idea he would ever work again. people came to the realization it would be significantly higher than what the experts say. neil: a lot did that in 2016. thank you very much my friend look forward to seeing you at the top of the hour. meanwhile super bowl liv is set it's the san francisco 49ers vs.
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the kansas city chiefs, squaring up february 2 live on fox, former nfl player jack burr says this will be a great matchup, wouldn't envision it earlier in the city but it is what it is. what do you think of just the appeal of both these teams? >> i think it's great for the league. i mean, you've got kansas city who hadn't won a super bowl in 50 years, neil that's a long time and that stadium when you go in front of the crowd you understand what chiefs fans really are about so they are going to travel down to south florida in droves, expecting to bring a big crowd and san francisco, you know, they have a long history of a lot of success in their organization, but it has been a long time since they actually won a championship game , so they are going to also travel well. neil: i wonder who gets to wear the red jersey though. iean, they both wear red jerseys h do they sort that out? >> you know that's a great question. i think it'll be a home and away i'm not sure how they will coin flip it but i don't think either
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team cares about what color they're wearing, you know, both organizations are very excited and if you just look at it the 49ers have been playing such good defense. it has really been incredible. you haven't seen this type of defensive play since the 85 bears or the 2000 ravens so it's going to be a fun matchup, because they are playing against the chiefs who have the most dynamic quarterback, we probably seen in a generation. i mean, this guy is incredible the way he makes throws all over the field, so you're going to see a fun game that's going to be whoever bought or paid fora d s for this game is well worth it. neil: that's what they hope, right? you mentioned quarterback, i'm reading about tom brady right now whose apparently talking to teams other than the patriots in his free agency period. what do you make of that? >> you know, i was actually watching a fight with bill bella
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chick watching a fight and holding back from asking him. neil: you were watching the conor mcgregor fight right? >> yes, i was. you know, everything you read, bobkra ft keeps saying when brady retires he will retire as a patriot so i'll take that to heart and i think at the end of the day the owner has a lot of say over whether or not tom comes in and right now tom brady is keeping it open and doing that partly for better negotiation, and just to add to the suspense but i can't see tom brady wearing a different jersey neil: at this stage you've got to start from scratch, do you really want to do that? i guess he can. he's a young 43 whatever it is. i did mention the mcgregor fight and you were in good company, the president of the united states and a host of other big wigs what was that about? >> it was amazing. i was there having dinner and the president came in and he pointed to me and told me to come over, shook my hand and asked me to come watch the fight
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with him. i was quite shocked, but you know, it really was cool, neil to sit there and watch the fight with him. he knows so much about sports, and to see his passion, really, his passion for what he's done in the african american community and what he's done for communities across america, you know, his policies he's proud of them, and so i had a good chance to discuss it with him and i told him that, you know, if he continues to do what he's doing the black awakening will continue and i think we'll get more and more minority support for all of these incredible policies letting our fathers out of prison, you know, helping our communities grow through opportunities, just on and on and on this president passing greatest policy we've seen in a long time. neil: did he ever mention impeachment to you and all this stuff he's furious about it, doesn't think it's justified. did it ever come up? >> that didn't come up at all. it was more of a laid back, you know -- neil: you won't share a conversation anyway, you wouldn't do that. >> no, of course i wouldn't do that, no i'd never do that. neil: let me ask you about conor
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mcgregor though. this was his first win in over 15 months it looks like he hasn't lost his stuff, the fight lasted about 40 seconds where is he going after this? >> do you know what? conor mcgregor is interesting so after he fought floyd mayweather i think that's when you saw a real decline, neil because he never made any money like that. that was probably 250 times what he made off any other fight he made over $100 million from fighting floyd as a boxer so people have to remember, one he gained weight to fight floyd and he also was training on boxing for so much time so it really took him away from hismma really training style, and so i think he's finally gotten back into the groove. the way he came out and dominat ed i've never seen a man literally knock someone out with his shoulder. he gave him three straight shoulder blows to stun him. it was amazing, and so i think conor has a lot more in the tank i think he's a more savvy fighter now, he's a little older but he's more savvy and so
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people who face him are going to have some trouble. neil: i think the days of boxing are numbered but this is the future and he's the pivotal player there we'll see. jack it's always fun. thank you, my friend. >> thank you, neil. neil: all right, jack brewer meanwhile we're getting reports out of europe that emmanuel macron and president trump are going to talk about this digital tax thing and the president want s to slap fines and tariffs on french wine and them wanting to go after our tech giants but this could go until the end of the year but of course he will be in davos having some cheese to sort it out. listening and observing are critical skills for scientists at 3m. one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work.
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this round's on me. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com neil: all right, big impeachment trial begins tomorrow. ahead of that the president will
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be off in davos switzerland, doing his thing, talk about the markets some strange reason they're not budging. i know, i know, they're closed. an old thing i do every year. i keep doing it. now to charles payne. hey, buddy. charles: ultimate test for the "cp effect," neil. we'll see what we can do. thanks a lot. good afternoon, i'm charles payne this is making money. we remember the legacy of martin luther king, jr., the civil rights icon who helped america turn a collective corner but how far have we really come and why are we working on some many of the same issues 52 years later much the what happen when left-minded voters take their voting with them. how a couple could give jay-z and bee i don't know say when it comes to profitability. all that and more in a jam-packed "making money."

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