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tv   Cavuto Coast to Coast  FOX Business  January 21, 2020 12:00pm-2:00pm EST

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that i apologized to the young man afterwards. don't want to be pejorative. that just about wraps it up for us. today great show as usual. lauren, ash, many thanks indeed. my time's up. neil, you have got three seconds. now it is yours. neil: did the kid accept your apology? stuart: yes he did. he was gracious. neil: all righty. i love the under over on that one. two major events lined up as you know. we're waiting to hear what the president had to say. big dinner meeting with some of the world's biggest business leaders in davos. the senate begins impeachment trial in about an hour. president has been way too busy focusing on economic message that puts this to shame. take a look. >> years of economic stagnation have given way to roaring geyser of opportunity. this is a blue-collar boom. since my election the net worth of bottom half of wage earners increased by plus 47%.
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agreement with china, and the night, mexico, canada, agreement, the two biggest trade deals ever made. these agreements represent a new model of trade for the 21st century. a time for skepticism is over. people are flowing back into our country. companies are coming back. the united states is by far the strongest economic power in the world. it is not even close. neil: blake burman at the white house. the president is half a world away. he is cognizant what is going on in washington, d.c. blake? reporter: indeed. this was part victory lap you heard from the president, neil, at the world economic forum in davos, still ongoing by the way. also part sales pitch from the president touting economic successes as he has seen it, taken place in the u.s. over the last three years. of his administration. the president today, for example, highlighting two big trade deals in the headlines
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last week. along with record low unemployment and economic growth. listen here. >> investment is pouring into our country. in the first half of 2019, the united states attracted nearly 1/4 of all foreign direct investment in the world. to every business looking for place where they're free to invest, build, thrive, innovate, succeed, there is no better place on earth than the united states. reporter: while the president would like the attention to be on the u.s. economy, his trip of course comes as the senate next hour here, is about to start its impeachment trial. when asked about impeachment earlier this morning, the president tried to use the backdrop in davos to pivot to the economy. >> that whole thing is a hoax. goes nowhere because nothing happened. the only thing we've done is a great job. we have the strongest country in the world by far. reporter: by the way, neil, later this hour, half an hour
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from now, the president is expected to be dining with ceo's as part of his schedule there in davos today. i am told, even though the official list hasn't been put out by the white house just yet, i am told that it will be ceo's by and large of international-based companies. so the president overseas in europe, switzerland, will sit there face-to-face with ceo's of international companies to continue the sales pitch, hey, this is what we're doing in the u.s., come on over, come on and join in. neil? neil: blake burman, thank you very, very much. the president took a moment to slam the federal reserve today, take a look. >> the fed has raised rates too fast and lowered them too slowly. we compete with nations that are getting negative rates, something very new, meaning they get paid to borrow money, something i could get used to very quickly. love that. got to pay back your loan? no. how am am i getting?
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neil: former federal reserve advisor danielle dimartino booth and axe sy owes editor, deion raboin. he can't let go the fed thing. we wonder what the, president argued, people argued robbed him what could be a stronger recovery, pretty impressive as it stands. robbed him of a much stronger back wind here. what do you think? >> i think there is a general agreement the december rate hike of 2018, seems like it was a million years ago at this point, was a bridge too far on part of fed policymakers. they're backing down off of that, and 2019, being a great year of easing. basically, corroborates the fact they realize they made that mistake. but, again, since then, 2019, has been, the fed has pushed a
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tremendous amount of stimulus into the system, three rate cuts. they have increased size of the fed's balance sheet by over $400 billion. that is a record run rate of quantitative easing which is something else president trump had been vying for. but as far as negative interest rates go, it is still something, neil, i really don't want to see happen in this country. european pensions, japanese banks are down 90% in the era of interest rates veering into negative territory. european banks since negative interest rates are imposed are down 40%. i don't think you want to put a nail in the coffin of the world's biggest financial system in order to have debt you get paid on. i think you have to understand there are trade-offses to everything. i don't like seeing one side of the picture being painted much. neil: that is interesting, to that point, danielle, deion, i will pick up with you on this,
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interest rates are low, even with the u.s. come back and economy and finding a second wind. a lot of these economies abroad saved germany, feeling that as well. i'm just wondering that dynamic has not changed. worldwide low interest rates have not changed. do you expect that to continue? >> no, that will definitely continue. there is no expectations whatsoever we'll see increased interest rates from any of these central banks, including the fed. and i do want to point out that not only has the fed, they cut rates three times last year, they also as danielle pointed out, added $500 billion to the balance sheet. they added something like a trillion dollars of liquidity to the repo market. that is market where banks take their cash. the fed has been president trump's best friend, certainly one of them in 2019. you talk about dallas fed president kaplan came out last week said, this qe, it is really
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helping bolster asset price, pump them up. that may have consequences later on in the future. the fed has done a lot to help out in the economy. done a lot to help out the stock market which president trump watches. i follow quill intelligence danielle writes. she was cheering for fourth rate hike in december. the fed was trying to normalize policy. they got away from that last year to combat efforts of president trump's trade war. neil: i wonder, to that point, danielle, the federal reserve said if not for the fear of trade war slowing things down, they would not have cut aggressively as they did after the hike. the fed's way saying this is on you, mr. president, not on us. what did you think of that? >> well i think there is something to be said, if you listen to any multinational company they will tell you that the phase one trade deal has definitely taken future pressure off of them. the tariffs remain in place, are largely, largely explained why we're still in an industrial
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recession in the united states. i think they would prefer to see a roll back of those tariffs. that would really change the dynamic. neil: i don't see that happening, danielle. if anything the president is saying this is proof that tariffs work. this is proof tariffs are a weapon you can utilize. i worry when i hear that. do you? >> i think industrial recession that is on going, the fact we're hearing about auto suppliers and trucking companies going bankrupt is indicative of the fact that the status quo continues to not work for industrial america. neil: you know, deion, to that point, if the lesson we learned from this, getting tough with the chinese, extract concessions from canadians and mexicans from that deal, tariffs work, tariffs are the weapons of choice. i worry about that posture going in to negotiate with the europeans, i don't know if that is the lesson we learned from these trade deals. they have just been agreed to. so the jury is still out, isn't it? >> yeah. look, we've got to go back to a
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conversation we had about the fed. the fed came in here, helped lay the groundwork making sure the economy stayed on strong footing, not just the fed, but global central banks around the world, cut rates, increased amount of money they were pumping into the economy. that, imf came out on monday said, that was a big part of why we were able to have the growth that we did, even though it was lower growth than they projected at the beginning of the year. central banks at this point can only do so much. we talked about the ultralow rates. they're already historically low. some cases negative which we've seen seen before. we see folks how the negative rates are harmful to the economy. we could start to see negative outcomes for that. we've already seen as danielle pointed out the transportation recession. we're seeing recession in the manufacturing economy. we're seeing job losses, decrease in in job openings every single month of last year. the economy has been roaring, booming ahead on a number of metrics, but there are some things, if you look below the surface that are starting to crack and if we do see more
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tariffs, now starting a trade war with the european union, various countries in europe, that could make a difference, have real negative impact. neil: thank you very, very much. to their point, folks, we're not trying to judge politically or any other way, virtue of tariffs. that is too new in the agreements if they do work or approach going forward. the bottom line is, the tariffs themselves, we'll never know to the degree it hampered americans buying, not obviously significantly, since the chinese were able to absorb a good deal of that. but put it in context, simply too soon to tell. way too soon. meantime the senate impeachment trial is set to begin in the next hour. fox news congressional correspondent, i love calling him that because he richly deserves it, chad pergram, what the timeline is on this what are we looking at here? >> good day. they start at 1:00 this afternoon. they have the debate about the arguments, what is the framework.
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mitch mcconnell, senate majority leader, he will offer his proposal. we are told how they will spell it out in 12 hour tranches next four days. two days for the prosecution, house managers and president's defense team present their case later on, probably friday or saturday. adam schiff, the lead impeachment manager, he does not like this proposal at all. listen. >> look, there is, wealth of evidence to present here and, we should have the opportunity to present the case as the house chooses to present its case, not to go late into the evening when the senator mcconnell evidently hopes the public may not be watching. reporter: here is the issue, article i, section 3 of the constitution gives the senate the power to try all impeachments. democratic managers today wrote to white house counsel pat cipollone arguing he is a material witness to the case. that sip lear is john ratcliffe,
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republican of texas. >> what they don't know the whistleblower was not truthful under oath about his contacts with congressman schiff. there is a transcript that reflects that. the inspector general's transcript. only one out of 18 transcripts that hasn't been released by congressman schiff. so there is a coverup there. that is what prevents a fair trial. reporter: now you have two blocks of debate this afternoon, two hours of debate where the managers and president trump's legal counsel, they debate the mcconnell proposal. you have two hours on proposals that will be put forth by senate majority leader chuck schumer. he has a number of amendments. they will probably go into a closed session where the senators themselves debate this. later tonight they come back out to vote on all this. maybe work this out. i'm told there is circling about behind the scenes right now, neil, a proposal, maybe to shrink the time, maybe stick to the four days but condense the
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time so you're not going 12 hours, 12 hours, long nights, 1:00, 2:00, 3:00 in the morning. that would be a problem here. i asked how would they get to that decision? depends how cranky they are. that is a quote by senior aide here. neil: settle this argument, chad, the senate doesn't historically take up additional witnesses. that would be a break from press sent. is that true? >> they took witnesses in the clinton trial back in 1999. i mean you had witnesses where they delivered videotaped depositions. neil: right. >> the proposal by mitch mcconnell here, allows for witnesses but they would be questioned offstage first, then potentially could bring them before the senate. i should point out if you look at the senate chamber, they put up a witness box. they reconfigured the furniture in the senate chamber. there will be a chair and microphone just in case they ever get to that point. neil: likely scenario is, if they do allow witnesses it would be by deposition, it would be away from a microphone.
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senators will read from such depositions, right? >> first but it all goes book to the math. i talk about how the mathematics is paramount here. if you get 51 votes to do something, you can do that. neil: thank you my friend, very much. chad pergram will not get any sleep next couple weeks. that is probably at a minimum. we were talking about the threat of tariffs, upping the ante. we got word president trump says if we don't make a deal with europe, because they're the next target of potential tariffs, he would give strong consideration to auto tariffs. this is for the entire european union et al. we'll see what the market fallout is from that. i don't believe that was particularly expected. they wanted to push it off until the end of the year. president is saying something doesn't come and soon, auto tariffs start. we'll have more after this.
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neil: all right. china's coronavirus killed at least six people, infected about 300 and it continues to spread but again data we're getting out of china is scant and unreliable, part of the reason why the markets are negative today, maybe we're not getting the total skinny on this susan li with the very latest. reporter: concerning developments and rapid spread of coronavirus, six cases reported dead and tripling over the weekend and what is concerning human-to-human transmission confirmed by a leading health expert in china. as a result with the busy chinese new year travel period this week, airports here in the u.s., including san francisco, los angeles and new york will now be screening passengers and symptoms of the virus, yes, include fever, runny nose, headaches, coughs, hard to spot those since they are typical of
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common colds an flus. it is important to contain the spread. most 300 case, 200 are centered in wuhan china. we have cases reported in shanghai, and beijing and outside of china as well, including taiwan, japan, south korea has been mentioned and thailand. this is important because we saw the impact by the way, on the stock market with the shanghai composite down to its, what the worst selloff we've seen in two months. hong kong saw the worst selloff in five months, this is eerily t happened in 2002, with the sars virus. that travel related stocks impacted airlines like delta. american airlines, jetblue also falling and hotel operators, marriott, wyndham hotels with online booking company expedia. it is concerning because there
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is no vaccine to prevent this pneumonia-like disease. vigilance is key, neil. neil: thank you, susan. we have a emergency medical physician that joins us now to discuss that aspect of the story. a lot of people get freaked out, right? deservedly so, they remember sars what have you. what do you tell patients, people, who seek advice? >> sure. don't panic. there is more after global threat of the flu, of measles, of hepatitis. just take proper steps, proper precautions to protect yourself. keep your hands washed and clean. don't rub your nose or eyes. be careful on a airplane. you can pick up germs on a airplane. if you're traveling to that part of the country, wear a mac, stay away from sick people. if you are sick, have a cough, cold, runny nose, stay home so it doesn't spread to other people. we have to remember coronavirus there, are several strains, alba strains, beta strains, most are
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typical common cold that won't do anything to but the sars we discussed earlier, middle east respiratory distress and third one could be more serious. could cause viral pneumonia. neil: that makes it very tough with common treatments and all. those hit by it, like you said, it its still in it infancy, hopefully it stays there. what do you recommend? >> if you can be tested for it, swabbed for it. if you're having chest pain, coughing, can't breathe, feel weak see the doctor right away, even though there is no cure. we can put you on ox again. neil: a lot of people don't know, they can incubate four or five days or more. >> sure. it can take two weeks for symptoms to appear, symptoms to show. most of us have a coiled. if we're not getting better, something is not right, go see the doctor, don't delay, especially neil, it is flu
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season. it is hitting hard. we're seeing tons of cases of influenza b and influenza a. neil: there are a lot of people who don't know they may have it, might be flying all over the world and not aware is in their system and evidence itself. is it too late at that point? >> it is not too late to try to prevent it from spreading to other people. for example, anyone flying into this country from that part of the world, from china, they're being monitored, meaning they will have their temperature checked. if you fly in from wuhan, china, into jfk they will check you, who to go and who to contact. neil: even if you have a variety of temperatures from variety of reasons like common cold? >> we can swab you for the flu. we can test you for the coronavirus. neil: doctor, wise words at all. >> thank you, neil. neil: president trump attend as dinner with ceos and leaders
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in davos. they got an earful he is open to slapping additional tariffs, particularly auto tariffs if they don't make progress with talks. many in the audience do business in europe so not exactly what they wanted to hear. more after this. 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. it's either the assucertification process. or it isn't. it's either testing an array of advanced safety systems. or it isn't. it's either the peace of mind of a standard unlimited mileage warranty. or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned.
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neil: a lot of housing statistics looking pretty good. what people hope to be a boom, lead to renovation boom decide. companies are quite literally banking on that. hey, jeff. >> it is here, neil. the boom is here. we've been all day looking at new innovations from the show. faucets you need to touch to turn on. i didn't even touch it. it turns on and off. that is "old school."
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that is old school. we're at the mope exhibit. >> i am. >> watch this, neil. hey, google, tell moen to dispense two tablespoons of water. watch this. >> here is moen. dispenser dispense two tablespoons now. >> incredible. i don't even have to touch anything. >> no more measuring cups needed. exact precise measurement. >> hot water? >> hot water, cold water, specific temperature up to 120 degrees. >> hey, google, tell moen to dispense one cup of 100-degree water. >> let's get moen. first i will run the water to temperature. wait for the water to stop. when the light is solid, you can
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wave over sensor for one cup at 100 degrees. >> okay, i listened to you. it stopped. i put the thing underneath there. tell you, did i get a cup? i think i got a cup. exactly one cup. do people want this stuff? >> they want this. to be more efficient in their kitchen. they spend a lot time in their kitchen, even saving seconds for tasks with automation. >> i want to show neil cavuto. neil, i will throw this at you. this is a nice shower. look at that. that is a low-flow shower. i thought you would especially like this. you strike me as kind of guy would like aromatherapy shower. what is this. >> this is the aroma shower with technology. >> here is the deal. look at these things. can i have a cup. where is a cup? whoops, i broke it. like a k-cup for coffee.
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don't put it in your coffee. this has what? >> what this is is essential oils with fragrance to start off your day. fragrance is big part go through the day. when you wake up, smell coffee. what does that do. makes you invigorated. >> will invigorate neil before he goes through the work tomorrow. it pieces back of it. puts essential oil into the water stream? >> that's correct. great thing gives you essential oils if you want it. >> get a regular shower if you're a man who want as regular shower. you can drink this. i wouldn't recommend it. but you can drink it. i broke it. no, i didn't. neil. neil: kind of creeps me out, no offense. it takes a long time. when you were doing the thing with the water, get measuring cup. wouldn't it have been faster to put it under the faucet yourself? i don't want to rain on this -- >> hand pump in the farm, that
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would have been easier. but this is the future. neil: indeed it is. i distinctly heard some machine say open the pod bay door, hal. i could have misheard it, jeff. great reporting as always, my friend. for those eager to see jeff, he is going to do that shower thing momentarily. so that is freebie for you, basic cable. we'll have more after this. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes
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80s-style training montage? yeah. happens all the time. ♪ neil: all right. president trump is about to have
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dinner with some ceos and business leaders congregating at the davos summit. when that happens, we'll pass that along. meanwhile about 30 minutes the senate begins formally the impeachment trial. the president's defense team is pushing to dismiss all the charges. that probably doesn't go anywhere but there is a sequence to all of this. i do want to dip into mitch mcconnell sort of laying out the ground rules here. let's listen to this. >> today, we will consider and pass an organizing resolution that will structure the first phase of the trial. this initial step will offer an early signal to our country. can the senate still serve our founding purpose? can we still put fairness, even-handedness and historical precedent ahead of the partisan passions of the day? today's vote will contain some
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answers. the organizing resolution will put forward already has a support of the majority of the senate. that is because it sets up a structure that is fair, even-handed, and tracks closely with past precedents that were established unanimously. after pretrial business the resolution establishes the four things that need to happen next. first, the senate will hear an opening presentation from the house managers. second, we will hear from the president's counsel. third, senators will be able to seek further information by posing written questions to either side, through the chief justice. and fourth -- neil: by the way looks like the chief justice john roberts has arrived at the capitol as the senate majority leader is
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speaking. keep in mind this role, in this odd impeachment process, this is just the way it goes according to the constitution. the chief justice is playing by senate rules here. so he has arrived. we're also awaiting to hear from the key players. arizona republican congressman andy biggs joins us right now as we see what sorts out and we're only giving you the backdrop here because this is not weighing on the markets one way or the other. the conclusion whether two, six weeks, whatever, that the president will not be impeachmented but that it could be a little bit of a drama in the interim. congressman do you buy that, when all is said and done and given the republican majority, it will be hard to find 20 republicans even for those open to witnesses to take the next leap open to impeaching this president? >> yeah, i do think it is really difficult for them to cross that bridge because, i think the
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public's not there behind the democrats and i just don't think that, and believe it or not, this is a political process. so they're looking, they're testing what the people they represent want and the public's not there yet. so i don't think the senators will be there either. neil: do you think, i know there is mixed read on this in history, sir, that witnesses are allowed or their depositions are allowed, then senators quote from the depositions, not the witness him or herself, we're a long way from that. if republicans were open to hearing from some witnesses, if you had your choice, we already know what the who democrats want, john bolton, phil mickelson, even lev parnas, former giuliani confidante kind of spilled the beans on the white house, many republicans remark about the truthfulness of his remarks, that is a huge leap? >> that is a huge leap i can
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tell but i really want to hear from the most, we with i will never hear from the most even if we take witnesses is president zelensky from ukraine. because he was on the other end of the phone call, he publicly stated, there was no pressure, no bribery, no extortion. that would really undercut everything of the democrats case. the other one chalupa, his chalupa would be interesting to here because she was a democrat operative trying to bring the ukrainians into the 2016 election. if that were to come out, that is the other side of the democrats case. and those two things right there would provide incredible evidence and knowledge i think, but we're not going to get there, i believe. neil: always a mugs game predicting how long something will last, leaving aside, sorry, sir, whether you get witnesses, there have been enough new developments including charges mr. parnas made in an interview,
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the fact that the ukrainian government is looking into the possibility that we surveilled our former chief diplomat there and some of these other, more noise than substantive charges, there is enough there that they have to look into them and that itself will take this well beyond, maybe two weeks that republican was prefer, what do you think? >> i still think you're in a two-week, period, neil, the reason is, what is before the senate now is actually the body of work, no matter how deficient i think it is, but the body of work that the house brought forward. that is really first two weeks are about to determine whether there is sufficiency to continue or any merit to the claims made by articles of impeachment. i don't think there is. i think you will be stuck with two weeks. our colleagues on other side of the aisle in the house already indicated they're ready to rev up additional investigations on the president.
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so, so we're not done with this, even after impeachment. connell: you're probably right about that. congressman andy biggs, very good seeing you, thank you very much. halfway across the globe, president's economic forum, with some top international ceos, some who have been briefed on the president's get tough approach in the europeans hammering out trade agreement with the europeans. he said they're taking advantage of american manufacturers and american auto manufacturers. so much so, if something isn't done and soon he would be open to tariffs on autos. i believe he is speaking now. can we dip in? >> formerly great athlete at least, at least in my opinion he is a great athlete. >> please. >> whoa, i like that. >> i stand. i stand. i rode this bull, ladies and gentlemen, president, remind everyone what the real priorities of life. for certainly billions of people around the world.
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if i have a couple of minutes, you might wonder why the president of fifa is introducing the president of the united states of america tonight? but actually it's not that far away. i've been told, by the president, by somebody of your staff, i don't say who, that today, i am second most important man in davos. that is obviously not true. [laughter]. you are all much more important but it is nice to hear. on other side there are these three main reasons why it is the right thing the president of fifa tonight is introducing the president of the united states. the first one is the power of football or soccer, as, you call it in north america. soccer is much more than a game. you all know it. it is four billion people watched the world cup, the last world cup. 1.2 billion people watched last women's world cup won by the
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united states. congratulations for that. it is 200 billion generated all over the world in a year. half million jobs created in russia for the last world cup in russia in 2018. it is more than just economy. it gives joy and it gives hope for millions and millions of people all over the world. that is what we have to do. we have to give joy and hope. we have to give optimism there is good thing about football, when you win a fame you are in in a good mood. when you lose a game, you're in a bad mood for a little while and concentrate on the next game you want to win. that is the first reason. the second reason is, the united states and soccer. and i have to inform you that the united states is on the verge of becoming the soccer power in the world.
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you don't know it yet but it's coming faster than you think. we will organize the world cup, the fifa world cup in 2026 in north america and president trump has been in this venture from the very beginning. he wanted it to be organized together with canada and mexico in a prelude of the great trade agreement you signed last week. so soccer is an advance of trade as well. and if, i don't know, in italy, 250,000 jobs are created with soccer, in spain, 185,000 jobs, and u.s. president in the view of the world cup 2026 we have to create at least one million jobs for american citizens in world, in soccer. >> right. >> the third reason, president, is yourself. president trump is definitely a
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sports man. i am lucky enough in my life to come across some of the most talented athletes in soccer and, president trump is made of the same sort of fiber. he is a competitor. he wants to compete. he wants to win. he wants to show who is the best. he says, actually what many think, but more importantly he does what he says. and, this brings and you mentioned this morning, president, this brings the american dream to reality. the american dream is something not only americans need to have, the american dream is something we all need to have, all those who love soccer, 4 billion people around the world. we all need to dream this dream. and i'm sure with your help, president, with your contribution, and with the
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contribution of all of you here, we'll make sure that the american dream becomes reality, not only in america as we've seen but all over the world. ladies and gentlemen, the president of the united states. >> thank you very much. >> thank you. [applause] >> this is great. we appreciate this. this is beautiful. a good-looking ball. it is honor to be involved with bringing the world cup to the united states. i was involved as president-elect, a little bit before that, but they called and said could you help. and through yourself and your people you chose the united states. we're also bringing some games to mexico and bringing some games to canada and that will be tremendous but i really appreciate it and i appreciate your steadfast movement. you just didn't stop. you wanted to have it there. and i wanted to have it there, and we really did it before we came into office. before i got into office we did that one but it will be very
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exciting. we'll have the olympics i was very involved in in 28. between the world cup, and olympics that will be exciting. i want to thank you very much. you have been my great friend. it is an honor. >> thank you. >> around the table tonight we have the greatest businessmen in the the world. names that i know very well but faces that i know very well, usually from looking at business publications for many years and i thought what we do, quickly go around the room. you could introduce yourself and name of your company. these people, we keep them down to a minimum. could have had hundreds and hundreds but we kept it down to a minimum out of respect for you. but i thought you may go down introduce yourselves and, where are you from, a little bit about your company or, if you want to say something, this is a great time to promote what you want to promote and you have been terrific. congratulations start with you. >> thank you. we do business in 50 countries. i have honor of being one of the
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100 greatest business minds. >> that's right. >> great honor to be with you. all i wanted to say is that africa loves america. africa loves. >> you thank you very much. it is an honor. >> it is very, very important. we want america to do well. we want you to do well and, the success of america is success of the rest of the world. >> thank you. >> we're in mining financial services, property, real estate, technology. it is a great honor to be here. >> you have done a great job. thank you very much. please. >> mr. president, thank you for the invitation. i'm the ceo of -- international. it is owned by the government but run independently. we're $205 billion of assets. our country has been controlled about $100 billion revenue and we are all over the world. the united states is the arguest recipient of our capital the last five years. we opened up an office in the u.s. we have three offices in
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the u.s. we will be -- [inaudible] and, this, so we continue to look towards investment in the united states primarily -- [inaudible]. >> that is one of the reasons i'm here. billions and billions of dollars is coming back to the united states. a lot of companies have made commitments they will be announcing but bills of dollars is coming back to the united states. we appreciate that. thank you. please. larry, we all know larry. >> i'm larry kudlow. director of the national economic council and have the great honor to work for president trump. >> thank you, larry. great job. how is the economy going? okay? >> pretty darn good. [laughter]. >> gave us the right answer. please. >> tom ericsson. and commercial network with our equipment. swisscom is one of the first we
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opened. of course the united states is our biggest market,. >> right. >> most important market. what i would wish for is that the united states lead the development of 5g. that requires a couple of things. so if i could bring that up. bringing up the really quickly, it will be critical. [inaudible] networks are running at capacity globally. happens here as well. happens everywhere. then permitting process. this is the picture. next one is actually the lack of power grids. we need to invest in building the capability to roll out the network. when that happens you will have, the united states will have a strong platform for innovation with 5g and 5g president well knows is consumer play but it is also a end device transport.
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>> military play. very important military. ericsson has done a great job with 5g and we're working with your company as you know. we're bringing down the time periods. spectrum we're opening it up. we have department of state, we have commerce and we have the military. so we're opening it all up. so we'll be, we're very good shape. i think we're far advanced, much further than people understand. we got off to a very late start before i got here. but once i got here, we really caught up. so thank you very much. congratulations. great company. >> thank you. we'll build a factory in texas very shortly. >> oh good. i heard that. see you at the opening. >> my name is a -- [inaudible]. we have been investing in u.s. 80% of our pipeline goes to u.s. market. economy is doing very well. >> great. >> so we are hoping that we work
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with you on global basis. >> that's great. you made 80% since i took office. so are very happy? he is invested here, if he invested badly he is about 80% up. you never do badly. i'm kidding. thank you. >> -- from sony. this year is 60th anniversary where we -- [inaudible]. 50 year anniversary of the listing on new york stock exchanges. we have quite a long history in the united states. one more thing. i've been ceo of this company 31 months and this month i have a privilege to meet prime minister abe and that is going to be my first time. -- you have met face-to-face,
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probably 15 times. >> a lot. >> so [inaudible]. very important for us. thank you very much. >> he is a great gentleman doing a great job. thank you very much. >> mr. president, good evening. i'm ceo of nokia. we're a 85-year-old company. we have $25 billion in revenue. we also do 5g and so u.s. is our strongest market. we have about 11,000 people there and it is one of our largest countries by way of -- we do a lot of research and development. >> right. >> in california and chicago and of course we have the same satellite in new jersey as well. >> you're doing very well and advanced with 5g so that is really great. and we're giving you a lot of business. >> you are indeed. >> thank you very much, thank you. >> chris waddle. i have honor to serve president as deputy chief of staff, thank you. >> nate mcmullan i have the great honor to be president's
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ambassador to switzerland and liechtenstein. >> good evening, mr. president. i am eric wagner. i'lli'm the chairman of novartis. we are active with more than 100 count is around the world but our big business in u.s. we have 50,000 employees in the u.s. and production plants. we made a number of acquisitions. we're probably one of the big companies in the pharmaceutical field. we happy so say gene therapy and first approved in the u.s. and we are happy to continue to bring real innovation to america. >> a lot of great progress being made, i know that thank you very much. >> thank you. >> keep those prices down, please. [laughter]. >> [inaudible]. -- investment authority. we started the largest common wealth fund in the world,
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started 1953. since then we've been investing in the united states and we've been doing very well. thank you very much. >> thank you very much. you know they can do? they can bring out the dinner. we'll keep going. if the press would like to have dinner we'll serve you afterward bring out the dinner please. go ahead. >> president, royal dutch/shell. we have been in your country more than a century. we operate in every state of the country. at think one year on average $10 billion in your country. we have big things going on all the time. neil: all right, had that interrupted, that was interesting juxtaposition, to hear from some of the world's largest companies represented by their ceos. you saw royal dutch/shell starting to speak, novartis, other financial giants as well.
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we're told there is who's who is there. whether they get to meet with the president, see if they're open to committing fund and investments in this country, expanding on that, the president giving a little bit of zinger to the novartis chief to keep the drug prices down. a lot of drug and medicine inflation curbed under his presidency. with the backdrop of impeachment proceedings going forward in the united states senate. you can see chuck schumer there speaking. i want to get read from the white house where they're busy. a lot of them are still there, busy, planning out the president's line of defense here which increasingly sounds like a line of offense blake burman. what have you got? reporter:ring interesting to watch what is going on in davos, neil. the president did something like this similar two years ago, he sat down with dinners and ceos couple years ago, and had a discussion with them, what business they're doing with the
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u.s. it was described to me a little while over at the white house the president essentially would an doing the same thing. what you noticed in the sit-down there, these are ceos of international companies the president going abroad to switzerland, davos, getting face time, making a sales pitch, we talked about the presidency, many in the white house see i, u.s. economy best thing going right now. we'll look all over the globe, talking about unemployment. when you talk about growth, trade deals that are happening. it is all happening here would make the case. this gives the president the opportunity to sit down with some biggest ceos, to continue that sales pitch bringing business, bringing companies back to the u.s. of course the split screen image of all of this is something to see, neil. it is now 12:56 over here on the east coast. which means we're minutes away from the senate impeachment trial officially getting underway. already today we have heard from the democratic managers, that the house democratic managers,
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the democratic minority leader chuck schumer and senate majority leader mitch mcconnell. so here in washington, a once in 20 years, really only third time in history that a sitting president is going through an impeachment trial is about to happen at this moment, as president trump is conducting business and foreign policy overseas, that is exactly the kind of split screen image that the white house wanted to see on this day when they sent the president overseas in the impeachment trial as it was about to begin. neil. neil: to be clear, that is the strategy. administration is saying i will do the people's business. keep the economy humming. markets are little soft, still in and out of record territory. that is my pitch to the american people. reporter: for a while here at the white house, when it was believed that the president was going to be going to davos, keep in mind, these things are planned out for a while. the president went two years ago, was supposed to go last year. there was a government shutdown.
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so it was expected he would go again. even though that was the expectation a couple months ago, there was always a question of, what if there is impeachment trial at the very same time? would the president indeed go? as it turned out the impeachment trial starts just as the president, or almost just as the president lands in davos and very clearly here over at the white house, neil, they made the calculation that they want the president doing the people's business, having that image up there on the screen, saying what is going on the hill is a hoax and a sham as they put it and president is producing results as they see it. neil: blake burman at the white house. up the street, edward lawrence at capitol hill as senate impeachment trial getting close to officially called to order, sir? reporter: any minute now it will be officially called to order. there will be two hours of debate on the rules how the
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impeachment trial should be laid out. after that chuck schumer will lay out amendment for democrats to put in documents, other evidence and witnesses they would like to see related to the trial. there will be two hours of debate. senate majority leader mitch mcconnell said he will table anything like that, that could blur the lines between the constitution relating to what the house does and what senate does. the house through impeachment he argues who does investigative work on this the senate is the one who has to listen to what they have found in the trial to make that judgment there. so senator mitch mcconnell shaping this up just like 1999 for president bill clinton with a few changes. it will be a bitcoin densed, delegates and white house lawyers will get 24 hours to make their arguments. they will each have two days per side to begin. once the arguments begin. crying foul today, democrats
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urge or allege cover up with the rules is not a process process o trial. this is the process if you do not with the american people to see the evidence. this is a process you use if you want to hand-in-hand, or be in concert with the president and allow the president to continue up to obstruct the congress. and deny the truth to the american people. >> republicans are saying hey wait a minute here printed. neil: the house would not allow republicans to call their own witnesses related to this. depositions were done in secret. and done in the basement. adding to this everything is supposed to be finished and presented to the house. what republicans say, their argument. >> you continue to hear stuff from chuck schumer how this is a cover-up, how actually things are not going the way he wanted them to go. i can tell you that when we were in the house, it was an unfair
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process. where were the democrat senators. they were over in the senate sides and the senate lunchroom to think lattes. and congratulating themselves on an unfair process. neil: white house lawyer say they are prepared to go forward without witnesses. if one bases off of the hundred ten page brief or memorandum that was filed yesterday. basically, outlining the fact that the democrats did it find impeachable offenses here. now. neil: do they still want to do this roughly two week timeframe. in other words, wrap it up literally the end of the day before on the end of the day of the president's plan state of the human in address. >> this but it seems like it. senator mitch mcconnell on the varsity wood table any suggestion on democrats if they want to add witnesses to this. it would extend the length of this trial. they will vote on when is his last. to see whether any additional witnesses need to be included. but it seems here that they do want to get this done, they want
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to hear the evidence that the house has great and they want to get it done with that out of the way. by the state of the union. neil: thank you. i just need a simple majority of senators. assuming that all 47 would push for that, it would take four republican senators, and their willingness to at least consider witnesses. then, the dirty details of how you've got, and the demographics, they get some of the people they want and republicans will demand some of the people they want. and therein lies the potential of this think dragging out. let's go to the former house manager during the clinton impeachment trial. bob barr. this is playing out like you did with bill clinton. how do you think this goes. >> is of course very different here in the beginning neil. back in 1999, as i knew senator chuck schumer was part of the
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unanimous votes to have no life witnesses in the senate trial for president clinton and no new evidence whatsoever in the trial. now of course we have to mark whining about absolutely every decision that the majority makes in the senate. whining that well, yes you are giving our side 24 hours but maybe they will have to do it at nighttime. well jason, sorry senator schumer but unlike the house, senator mcconnell and the majority want to move forward with this in an open transparent way. not the way the house did it according to a sort of slingshot process. neil: by the time it got to the senate bob, if memory serves me right with bill clinton, he had already met admitted to this relationship with monica lewinsky. some of the error been taking out of the trial balloon here.
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but he still lied under oath. and they were still pursuing them. but the president arguably nothing to admit and nothing to sort of acknowledge. something that part out for me. >> in the 1999 trial of course, beginning back in plating late 1998 in the house letting the impeachment process, we began with a very robust and complete record of evidence that established the president clinton credit committed criminal offenses. perjury and obstruction of justice, and the so-called start reports substantiated that. and president clinton, faced with that even before the senate trial began, dead. he did admit to having done wrong and so forth. so when you put them all all that together it makes sense for the senate to simply carry out its constitutional responsibility and take what that house said over and render
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its judgment based on that. not on some new made up charge eric new evidence that was coming in and on and listening to people. but on the record that the house presented to it. that is the job of the senate. and it ought to be the job of the senate now. neil: when they do when new information comes up. when you have additional witnesses to address. obviously the part of the testimony that a lot of democrats want to hear from is the former rudy giuliani confidant was trying to do things. do you get that on top of now the ukrainian government looking to the possibility that our former ambassador was under surveillance. you have to address this new development. does that prolong this. >> you should not have to. the job of the senate should not be to look at new evidence that has been conjured up somehow.
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i mean, ukrainian american operatives going on tv and making some outlandish accusations about something is in fact for example, the house impeachment advocates had wanted to explore left harness, it could have done so. left harness was giving interviews back in the fall. the house ignored didn't want to go into that. so they now should not get another bite at the apple to prolong a confused proceedings by bringing up new evidence. they had the opportunity to do that. bob: they chose not to in the senate should not allow them to do so now. neil: thank you very much bob. you don't look old, but you were there at a historic time. thank you my friend. the impeachment trial is on as we say. the economy you can bet the president is at a dinner with business leaders from around the globe. in davo news.
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>> one of the reasons i am here, billions and billions of dollars is now coming back to the united states. other companies make tremendous they would be announcing millions of dollars is coming back to the united states and we appreciate that. he went that's backdrop soaring economy and the envy of the world and he is the guy presiding over it. is that registering not only with the audience there who more personally, god is back here in the u.s. of a. world economic and young global leader, joins us and she went away, is presenting in davos so cheese that scotto and fast. and catalina magazine publisher is here too. welcome all of you. with an welcome and thank you for your patience with all of the breaking news. it appears to me that maybe they are intrigued by the impeachment process in the u.s. much like us there, they don't see it going anywhere.
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>> the world is in disbelief. i think you see it split 5050 like i want to believe the numbers but maybe i don't like the personality. our like the personality and i quite don't understand how he is able to deliver. these results, i was in davos when he said is america first but not america alone. i think what's different now is you get to come back with the results of a strong economy. paris did work in the people can't negotiate anyways. and we are seeing jobs. neil: believe me i'm not here to rain on the radio but i don't know that we can conclusively say that paris is magical going forward. or tariffs. bob: growth a large amount. we didn't have an intensification of train tensions in the middle of 2018,
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the u.s. economy would've easily run faster than 3 percent rated in a happen. this year. [inaudible conversation] neil: you blame that on the trade. on the president side. bob: is both. but i would say that the intensification of trade tensions in june 2018, perhaps took a quarter of a percentage point off of the gdp growth. it. neil: later on trump accident. [inaudible conversation] bob: perhaps a mayday. it is very much intertwined. no doubt it's costly to the u.s. economy however, perhaps it's been more costly to china's economy. neil: you get a sense that this will go a long with the democrats who wanted to keep the president now. still want to get him out
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republicans still thinks this is a waste of time. >> it is just partisan. that is all it is. and they were talking about soccer. it is like a game. there are two teams. that's it. two teams and one team promises to kick this guy out with an impeachment on the other team said it's not going to happen. and at the end of the end of the day, his empty promises because the senate, we don't have the most of the senate. so the president is not going to be impeached. so this was a waste of time. and now we can't even hear what the candidates who are running for 2020 have to say about policy. they don't get the right is the president was bringing. they're just talking about impeachment so i thinned an end of the end of the day, is not going to be impeached. what a waste of time. neil: i will put you down as a maybe in the present. lily let me get your sense of the economic backdrop. no one can deny credit.
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it's a nice position to be and if you're about to be impeached) it. >> there's a lot of things out there that said could the economy beat was makes him unbeatable. despite of the personality, the policy support for small business owners like myself. now that we are saying how the tariffs are playing out into actual phase one of deals that we never thought were possible with china. neil: this was one that doesn't stick with me but the notion that the president will of the any again, with tariffs on the europeans the devil come to the table. but i just get worried about this. where are you. >> it is a strategy with consumer sentiment. there is a lot of gifts and we can only look at what is happened with jobs that have been added to lower in unemployment rates. and we can play all of the
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modeling they want. i think at the end of the date the numbers are on the table and you were just saying, it is a 2020 election year. so what are the democrats running on. besides the impeaching of an president that they may not agree with red guess results whether you believe them or not. all indicators are looking at pretty. neil: i will say this to of the same leaders there, who are snickering at him a little more than a couple of years ago, not snickering now. this is mainly corporate ceos. the countries they represent, were dismissing this phenomenon called donald trump. i'm wondering whether they wrap their arms around in style and a to the point and may not like him on a personal level but they can not argue with the economic results. what you think. bob: but earlier, lily said and she was right, other leaders of advanced economies have to be scratching their heads wondering why the u.s. economy grows faster than 2 percent and they
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can't even hit 1.5 percent growth several years. when magic election. part of this is the regulation perhaps. it is of the u.s. economy. and businesses and much more than we currently realize along with earlier tax cuts. sue and but those tax cuts were at the expense of what is now roughly a trillion dollar budg budget. neil: kathy when you mentioned about the candidates in the four democratic candidates. that puts them at a disadvantage that clears the path presumably for somebody like joe biden. as a sense. >> exactly. now although, michael bloomberg so yeah, this is really about the election year and we are able to hear from all of the candidates on the truth of the
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numbers, to some exaggeration by the president what is really happening so not hearing about policy we are just hearing about this impeachment from so many of these people that should be really focusing on trying to be trump. so in the country in the world, they don't necessarily love trump but is an embarrassment to have been impeached. and in the house. it is an embarrassment. that is a blemish on the president. neil: but bill clinton king through. kathy: people are still laughing at that. we all remember the blue dress). neil: we are going to bring you guys back here. we just like in the latest update here. we are finally in the impeachment process. this is the first on the first time in the two decades. we will steer you through that. and the markets are shrugging their shoulders at that. what d?
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>> as i was saying for weeks, nobody will dictate senate procedures to united states senators. a majority of us are committed to upholding the unanimous bipartisan clinton president. >> of a final resolution is a blueprint for the impeachment trial on fast-forward. the bottom line, leader mcconnell wants the process rushed, with his little evidence as possible in the dark of night. neil: i was worried. i guess they have resolved their differences in kumbaya. the fact of the matter is, they do not see eye to eye on this and impeachment process.
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they can go anywhere from two weeks to six weeks or longer. if you were to handicap all of this, i noticed taking a link here, it just has a feeling of being more than two weeks when you think. >> right. the trump administration and senator mcconnell have not made they wanted over with by the state of the union. thousand two weeks from today. his goal for that resolution in the process he laid out, is to rush this. twelve hour days, the tick bathroom makes, this is going on until two or three in the morning. they want this to be done as soon as possible. he's also made it very hard for witnesses or for the evidence before the record and have to go through multiple votes any estate hoping that the pressure of net roaming other potentials will be so brave they will follow their leader. that will make it faster. the surprise variables might come from the house and if they decide to call up left harness and congressman, we're just
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talking to, he was on the house intelligence committee before his october 9th arrest date. any document to help with the intelligence committee until december his documents were not available until after december 30th. that's well after the date that the impeachment was voted on december 18th printed that kind of surprised me. to throw this whole thing off of his course. that is why i really have no idea of the today. what we are getting into. neil: educate me here, if there are new developments, when there's a witness that they wanted that they couldn't get at the time that they would like to get down, is like a stopped clock starting times up and you go with what you had and that set printed. >> that is up to mitch mcconnell. the minority doesn't have any rights in this process. is very much majority rule. it's really a question of whether or not they get to the four senators who break and hold.
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right now i think they have three. mike bloomberg is not running as the north carolina main colorado and arizona try to put pressure on those four senators up for reelection. senator schumer, the democratic leader is asking members of the public to call these offices and pressure them on witnesses. maybe by this we can we find out that there's too much pressure. and that they were going five replica republicans pushing for witnesses. this lengthens the process week pass everywhere a wind or whatever but at this point the goal of the leader, no question. and the president is to make this and in ten days. neil: what if it is like wearing past that time, does the president still give the state of the union address pretty. >> i think that he would want to. soap is. but i think some people don't want him to go off script in that setting under the duress of the trial. when she thinks about and talks about most of the end of the day. that will be up all they have to make. but i imagine he will do it. bill clinton did. and he will say i'm going in the fighting and stand up for myself.
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and he will probably prevail printed. neil: i wonder with the majority party writing the roles in the house, in the senate, it is not as if the witnesses will speak before the american people. he or she would need to post senators would quote from that deposition right. >> right but if the revelations from john bolton is called the missing drug deal, it's in his lawyer because he didn't like what was going on, who attended private speeches and private areas that he believes that the president trumps turkish policies and senator around his business deals. around his allies in turkey, obviously there are worried about a deposition from someone like hamilton. it could have relative to tory facts it could potentially be expensive. in really deeply the presence politically. so this was they're trying to progress.
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so when it comes out among political lines as everyone expects, what is the lesson here. >> when you and i spoke a few days ago, my argument is depressing for republicans is looking like they are supporting a fair process. we know the outcome. it looks like they should be supporting an open and fair process. so they can defend it later on no matter what happens two months come. i think if they have to face campaign rivals in the summer or fall and more comes out about what president trump and rudy giuliani has been up to, it will be very hard for them to defend the process it does look like they were open to witnesses. it's the one you can see judge john roberts is in the senate gallery right now. he will be officiating this. it is a senate affair. he doesn't control it, the senate does. will have more.
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neil: witnesses history, man who runs the supreme court of the united states john roberts, his official duty is really like an umpire. more than 100 senators, including been because of family emergency for the collected swearing-in of all of the senators. but all of the senators, all 100, are essentially jurors here. they are weighing the evidence that will be presented to them and then ultimately deciding what they're going to do an update on that whether they said on that and a lot of witnesses, the testimony that kind of thing. that could drag this out a little bit longer than thought but the process has begun. some say this could linger for two weeks and some take a lot longer. if they delve into these other issues. democrats needless to say, want to delve into these other issues and want witnesses. republicans think that this would be a west of time and if the democrats wanted to do that,
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they miss the chance. john once he is us. i believe that this is the president's lawyer. they will present their arguments to the parameters of this. to this battle. willie, you're heading off to the most, i am wondering when you talk to clients on the glo globe, one of the same. >> i think in the benefit of the presidencies and behind closed doors, a lot of people are positive and in business circles. talk to leaders in the middle east and europe that look back at the numbers as a lever for making that judgment call. a lot of people are not admitting it back out in the open. i think it's going be interesting as we look at bowls and measurements of 2020. neil: is more like 2016. a lot of people were not telling. >> that's why we need to reimagine where data is being source. the sharing and we were just
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looking at the sentiment of the president. it is based avenue four hours of financial analysis print 43 percent positive and 12 percent neutral. that is pretty interesting. neil: going that camp. it was based on pretty. >> is based on the methodology called cultural intel. people volunteered the information you look at patterns of the way people seek. so there is a lot of positive sentiment in the last four hours based on many data points. that's where you pick up the unanimity of people. many people are not admitting it but you'll see it on this. neil: the markets is another barometer. they've had normed this impeachment trial. maybe because they don't see it going anywhere. do you agree with that. >> i very much agree with that. it brings back memories of bill clinton's impeachment. when the markets went through the rope. they performed splendidly.
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and we seen that has been the case of the past 12 months. neil: it look like there was effort to that. there is a new discovery or new revelation. i don't know what it would be. with that nixon and watergate situation has at least on the work revelations. new things that king up, no one expected. see that here especially now that it's incense and. something like that were to materialize. it would go all right. >> something really worse, something unforeseen, but might still have my pencil taking over. the economy is going well. going back in 1974 and 35, at that time, that would have the worst recession since the great depression. today hoodlums and employment rates in 50 years. it will probably be moving lower. so the background is entirely different. anything with a solid economy, with an ultra low unemployment rate, low inflation, it makes it
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less likely you're going to come off with a piece of evidence that crushes the trump presidency. it. neil: the world likes a strong u.s.) is a pretty good thing to say. >> absolutely, when the u.s. is doing well, the world is doing well. look what is happening with our tech firms. everybody's going to get a she can not because we have the innovation. big companies and a benefit everybody. it is good for all. neil: i know you have to scan the scan want to drop us. thank you for taking the time. it's always good to see you guys. oh not backing up yet. we are following added to right now. pets are presenting their arguments. in an outlay of the parameters. this could go late into the evening. and even to the wee hours of the morning. you promise to take the whole thing and then play it back.
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neil: i don't know whether this explains the southern downdraft in the stocks in going from a ten-point loss to 73-point laws. we just got news from china, who traveled from china in seattle was diagnosed with the virus is been getting the world news attention. they can't control it right now.
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it's a coronavirus. this is coming from the cdc spokesperson. we know at least three debts, some safe as isaacs. attributed to this. you know literally 300 who have been stricken. this will be a big development since the first time someone is made it to the united states with this virus. we will keep you posted. we are also following developments right now at the corner of wall abroad, reacting to the historic impeachment hearings going on. the trial going on. in this development with tesla, the shares already up 6 percent is and will say that the company could go at $800. which means that it's on the world news greatest dancer can continue dancing. right now are up 29 percent this month alone. charlie also a very good dancer, and what's going on that. >> not true. [laughter]. what is going on here. >> i wish i knew. tesla is probably the markets
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most divisive stock. i can give you great investors on both sides. i can give you chain us over here, some other over here jim thinks it's a zero, basically going to blow up under its own weight of problems. and ultimately not starting of cop cars. they say this thing boat powered surveys based on the fact that people will increasingly look beyond some of the sort of short-term money issues the tesla faces. and basically keep buying the sox because they keep selling cars and it is the future of automobiles. that is where the saying goes. i sent a memo less i say that if they tesla it will pop today. i think it's going to be up big time. and the reason why do that is because i was watching social media. as the problem with playing the stock. a lot of it is the incredible sort of back and forth between
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the both of bears. you see it played out on social media. i don't know if a lot of it is reflective of fundamentals. so if you're the average investor, be real careful with the stock. it is all over the place. but it does say something about the times. it is this. and donald trump, in domicile little bit. everything is good. don't worry about it. granite isn't blowing the climate thing out of proportion. ignoring the impeachment hearings. we have a low interest rate we have fiscal stimulus name and more we reported the trump administration is considering a reason to do things. talking about a second round tax cuts. they're not going to cut spending anytime soon. so basically the government is quite estate large and pumping money into the economy. if you believe all of that, and it is a good time to buy stocks.
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if you think the things going to come to an incident because we got massive deficits, some point companies can't go on forever, those men are of interest rates are very low, the market is way overvalued, and tesla, is one of the stocks that in the tide changes, this masco the men meant it turns the other way. momentum. tesla will be one of these stocks that suffered. so again, hard market but this is what's going on. the stock is essentially up. elon musk is saying that he might build his plant in germany. where is on track to build a plant in germany. it's really not a reason to buy his stock printed. neil: we generally have a buzz. we will see what happens. charlie, thank you. go quickly, united states senate, and chp, laying out his case for impeaching the president with speakers and make going back and forth one of the other argument just the opposite that it is waste of time it will
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neil: apple ceo calling for a global corporate tax overhaul in its very complex. how the talks for different roles different countries, that they desperately quoted him and wanted to be fair. and right now back with john. that's minute international ceo. in the make this clear and fair and understandable but it never happens. >> i think this really started back in july of last year. the french promise parliament passed that 3 percent tax.
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everyone, the digital text moment is that what we continue to see. there's really not an answer. what happens in a company like amazon or facebook or google, they come into a country and arguably take away some of the jobs that come from traditional businesses but are taxed at a lower rate than the ones that are based in other countries. tech company, was be fairly treated as the command and benefit from technology but at the same time, the local governments are losing arguably tax revenues because technology is taken away from the brick-and-mortar business credit i don't think we figured this out but it has started that friend digital tax it has everybody buzzing right now. neil: [inaudible conversation] >> countries don't want to give up their sovereignty especially as it relates to taxation. so i say to jim cook, good luck
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trying to come up with a global tax. a new set of regulations. if we can't have more agreement among countries on trade, taxation, how in the world do we have, with enforceable system to try to regulate climate change. bob: exactly. >> it in the hands of the ocd right now. good for gd art regulations like tech companies like mine have become a thing. you have to pay attention to it. if you doing global business. i think he is underscoring the need for us to be fair. but also, giving the power to the organizations and the need to figured out. maybe that is the benchmark for the rest of the road. i agree, each country need to make that decision. one size does not fit all. impact of tax and country could take away revenue but it can also create new jobs. like new sources of revenue.
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like in boomer when they show up in a new country. neil: roles. >> and that's exactly everything that he said was so ambiguous. neil: by design. i want to thank you guys. really great seeing you and we are focused on what is happeni happening. this might be a reason to travel in china has been diagnosed in china seattle with this virus. the cdc will be talking about this in about 40 minutes. if these early reports are accurate. you know, i do think it's weird you've started commuting
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neil: the senate mayday statement 21 years ago, we said that the
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president of either party deserves basic justice and a fair process. a challenging political moment like today does not make such statements less necessary. but all the more necessary impact. neil: on the impeachment is on in the united states senate. we'll with the professional staff on this so far. how this whole thing plays out. >> usually when you start a trial, you know in advance with the resort because they've been written out in public. but in this case, the first step in these proceedings literally as you and i speak, is a debate over the rules. senator mcconnell proposed rules that would have the house managers make opening arguments and the president's lawyers respond to that. and then the senate would decide whether or not they want to give the house managers authority to subpoena witnesses. senator schumer will propose an
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alternate role or set of rules which would allow us to look more like a trial as we understand it. with witnesses and with documents and then, they were arguments made on the basis of those witnesses. some right now they are demanding those roles. the person using the screen is congressman adam schiff, a lot of people remember him. he was the chair of the house and still is the chair of the house. in the intelligent intelligence committee and connected many of the interrogations on the outside. he is now the lead prosecutor called manager. he is making arguments, they're all 100 centers, he is basically arguing wife senator mcconnell news proposal would be unfair to the house and fair to the president. the trial without witnesses and without documents and senator schumer news proposal a trial with witnesses and documents, would be very hard. pat who is the president's lawyer spoke right before congressman jeff and he made the
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opposite argument. he argued that you guys already know what the evidence is because you know what went on in the house. we don't need witnesses or documents. gives her today's. to make arguments to you and then you decide where you want to go from there. where is going to go. mitch mcconnell has no, they'll stay with him, it will be all argument and then perhaps, evidence but maybe not. neil: some of these are opening yourself out to witnesses is a majority vote. if more republicans were to go that route, then what. >> then we would see a more traditional style trial warehouse managers. call witnesses. the same witnesses who testified before the house intelligence committee. in the new witnesses like john bolton, who come out since the impeachment. actually a lot of damning evidence against the president has come out since the house voted for impeachment. congressman wants to be able to
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introduce separated. neil: let me ask you about that confused about this part. they said they had your shot. the republicans of that. many want to do news death after the clock i stopped pretty need to do that. on the right. >> it depends on which when they want to go. in the real world, if this were a real child, and there were a real jury a minute jury, not a political trial is no doubt will be. newly acquired evidence is available for the personal who acquired it as long as it is relevant. the judge decides if it is relevant. republicans are saying they you guys have spent a fortune on this new had a lot of investigators in havana. they didn't find it in time why should we hurt operated democrats are saying because this is a search for the trip rated in the fact that he king in late, should not bar it from being explored here at this time. interestingly, the chief justice who probably would argue and
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move in favor of the democratic proposal, because it's more in line with federal trials as we understand it. has no say in this. neil: what is his role. >> if you are a clerk at this point, now is the debate between chuck schumer news forces trying to pick off republicans and mitch mcconnell news forces trying to keep all of the republicans in line. we won't know until about, about 330 or 4:00 o'clock this afternoon when they take the final vote on these rules. which side will prevent pretty. neil: what if you don't have witnesses or depositions what you have so much news that has been made as regarding to these interviews and have to address what he said. in the ukrainian investigation, and weather the investor there was being shadowed or serrated pretties that there is enough there that you have to discuss brady's news after the fact.
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>> the mcconnell rules, they would not even be able to discuss it printed and the clinton rules, but testimony that was given in the house, can be accepted and read and distributed in its entirety for the senators. unlimited mcconnell roles, nothing from the house can come over to the senate accept what is argued by the congressman shift. neil: thank you my friend. you're probably wondering why we are showing boeing stock right now. it is down more than 11 bucks. indications that we are getting this. boeing is going to resume 737 fights but not occur until june or july the early spring that stock had been down this broadcast about for five bucks. then we get this news fire. i say prior to this, the cdc reported a traveler from china, arrived in seattle with his coronavirus. it's inflicted some 300 people we know in asia, several have
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died in asia and the cdc going to give an update on that. in assorted like playing a one-two punch for investors. because there looking at the background noise. the market see that is a foregone conclusion that could go on a little longer. but ultimately it will change the dynamics within the president will dodge getting up each of the united states senate. it is the end of corporate developments ongoing and cdc update we expect on this virus seems to be pretty stubborn globally. will have more. need with libert. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 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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neil: all right, before i leave you here with the dow down 151 points. a lot of worries rattling investors. first u.s. case of new coronavirus has been identified in the united states, in seattle specifically. the cdc will offer a presser in about ten minutes now or so on
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this. also boeing and this delay getting 737 max, if ever, now pushed back to june or july. that is coming as the company weighing on the stock, big dow component, contributing to a big selloff. to charles payne. charles: good afternoon, neil. thank you very much. i'm charles payne this is "making money." breaking at this moment, president trump saying i told you saw the global elite at davos what i'm calling his greatest economic speech next. how his populist message is and the leaders are struggling to. coronavirus neil mentioned, it already killed six in china. it has made its way to the united states. where the focus is now. why we could see many more cases before long. he is indeed one the greatest envelope players, live, lawrence

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