companies. >> the index fund and it's cheap. david: thank you, gang. have a wonderful weekend. thank you for watching. it's time for cashin' in. stay tuned. liz: the dow firing on all cylinders, hitting 25,000 for the first time in history. it's the 7th 1,000-point milestone since the president's election. where is the media coverage? hi, i'm liz claman, welcome to cashin' in. and everybody seems to be focused on this book with steve bannon "fire and fury", welcome, everybody. gary i'm going to start with you. you're saying we're seeing a double standard here, why? >> well, we spent the week listening to those same

physicians, joe and miikka, saying that the president had dementia. you have psychiatrists going to congress without diagnosis saying he's unstable and completely forgetting about $7 trillion of wealth created because of the election and since the election, and i can just go on and on. just yesterday, 2 million, it was announced 2 million less people on food stamps. 4% unemployment. gdp is in the three's because of the tax bill, 600,000 people having $600 million in bonuses, plus a lot more going on there. what's so important about all of that? we need to talk about cheeseburgers and whether the president eats them or not in bed. liz: well, gerri, you could argue that it's called dunews, because it's supposed to be new. competing headlines, not just steve bannon, but the weather and the deep freeze. it's warmer in saskatoon than in

new york city. >> you've got that right, but i've got to tell you, at the end of the day, 25,000 on the dow, who thought we would see that. the atlanta fed saying we're going to have economic growth in excess of the 3's. unemployment at 17-year low. how bad this has got. couple weeks ago op-ed in the new york time, said we don't like this growth, too much growth, ooh, bad, bad, really? who believes that? we love growth, let's get bigger and get this economy going. that's what most americans think. >> thousand point gain, over, and he has beat the bushes getting the word out. he said the fake news media barely mentioned the fact that the stock market just hit another new record and that business in the u.s. is booming, but the people know. can you imagine if o, meaning obama, were president, and had these numbers? it would be the biggest story on earth. dow now over 25,000. jessica, what's going on here? >> i think there's a little bit

of media bias here and i think a lot that president trump has brought on himself. liz:. >> a little? >> yes, gary, give me that in 2018. this is a story and we know the sizable cuts to the corporate tax rates and investors have been waiting for this to happen and excited all year. now we're seeing the profits from it, as it were. and i think that president trump is certainly within his rights to be talking about it, but he should be talking about things, the nuclear button and layoff the sloppy steve stuff and the g.o.p. tax reform bill. and bringing up joe and miikka, there was rampant speculation that hillary clinton had parkinson's disease that president obama was unstable. conservative media goes after liberal heroes and liberal media goes off conservative heroes. >> they said ronald reagan, he's losing it. george bush ap-- >> it's across the board. >> the vitriol behind this is

unprecedented, the negativity, the level of nastiness, i think it's over the top. >> the birther movement then, if you want the level of negativity. that's something unprecedented for sure. talking about the president of the united states of america that he wasn't born here and that he's a secret-- >> when you ask people though, rachel, what matters to them most. most often top it with the economy and pocketbook issues, this should be splashed across the newspapers. of course, we at fox business on the business channel side are making a huge deal of this because can you imagine if we didn't, then we're not telling the real story of what's going on. >> look, barack obama would have killed for these numbers. he presided over one of the worst recoveries since the great depression. liz: not with the stock market. let me clarify, the stock market jumped 100% during his term, but go ahead. >> exactly, but it's more than the stock market. you talk about what really matters to people, over 2 million jobs created, remember,

president trump said he would be the greatest jobs president america's ever seen and he's delivering on that. we're seeing a renaissance in manufacturing jobs democrats said would be gone forever. they said we need to invest in green, and solyndra. 200,000 overall, and remember, in 2016, we lost 16,000 manufacturing jobs. and one last job that's important, he's breaking another mold in the way we thought-- everybody thought having an african-american president would be great for minorities, turned out not to be true. under barack obama, minority fell into poverty, unemployment was low-- was high. under trump we have record low unemployment, record-breaking, never before seen for hispanics, for blacks, it's a record coming out. >> mining, log, all the things they said were going away is coming back and donald trump is bringing back and i would be

stinking mad if i wasn't getting the credit we know would go to president obama. >> don't forget regulations and that's important. liz: jump in here, gary. when the steve bannon story jumped out, that is very titillating for nearly every media outlet whether conservative or not. they're treating david karesh-- like a david karesh from the alt-right when it comes to steve bannon and they're trying to sell papers. do you buy that argument? >> look the corks are popping off the champagne when i drive and listen, when i turn on the tv and watch, it is 24/7, they are not reporting news, they are prosecuting an administration, based on sources said, sources said. and with bannon, i don't know what's going on there. he says one thing and yesterday, he came out and said the president is great, wonderful. i could care less and i can tell you that 200 million people, most of them who go to work every day to do better for their

families and their children, and their lives, could not care less. they want to know that the administration is setting the conditions for greatness of this country. less regulations, lower taxes are doing the job right now. look, i don't know how long it lasts or how far it goes, but 7 trillion in wealth speaks volumes since the election. i am ridiculously surprised about that number myself and i've watched every market and studied every market going back 100 years. liz: well, when you talk about hockey and make that analogy, wayne gretzky says going where the about you can is going than where it actually is at the moment. when you look ahead, gerri and you've watched that, we do not have a long-term budget now approved. >> true. liz: we're facing another government shutdown and where is that discussion? you know, you've got to take the bad with the good as well. >> well, we've got a long way to go on a lot of fundamental issues, my fear is we've hit january, that the big, great

thing that this administration has done is tax reform and getting past that and doing more is going to be hard. they want to do infrastructure, they want to do health care, they've got a long list of priorities they want to go after. it's going to take a lot of work and when it comes to the budget, you've got to have democrats signing on board with you. that's going to be super kume difficult. i think the road is uphill and donald trump is going to use his bully pulpit twitter account. >> can i say, if they don't do anything about the debt and deficits the next ten years, there will be a day of reckoning, i can promise you that, where 21 trillion, headed to 30 trillion plus, that's the next thing that has to be addressed and unfortunately, it will entitlements and somebody's got to start soon. >> the only way to do that is growing the economy, and also reducing spending. >> spending. >> and the republicans have got a good start on that. liz: where?

>> yeah, spending just like democrats. liz: everyone is spending right now. all right, that's for a different day, coming up, a winter storm wakeup call. new worries, the bitter cold and bad weather putting a freeze on our power grid. now, some want to pump up spending to improve it before it's lights out. >>

>> all right. it's the threat we should probably be taking more seriously. new reports say this week's winter storm and brutal cold are putting a huge strain on america's power grid. rachel, this nation's power grid is put together with spit and ceiling wax, emphasis on the spit. this could be disaster for so many reasons. should we be spending now to

upgrade our power grid? >> absolutely we should, and it's a reminder other threats to our power grid like terrorism. yes, absolutely, we're hoping that the trump administration is taking this into account, that we're making the proper investments. that as we collect more taxes because of the growth in the economy, thanks to tax reform, that some of that money is being used to protect us. imagine what this could do to our economy and the lives that would be lost. i hope secretary perry and the president are thinking about this and this weather remind us about it. >> i'm sure the president is, but secretary perry is saying let's use the coal-fired power plants and that's suggestive and important, but i can tell you right now, gerri, the grid is a huge problem. up in maine, back in october, they had a wind storm and 10,000 people were without power for more than 12 days. you're going to have a lord of the flies situation if it's in

less than hearty new englander type of tear territory where the power goes out? >> let's not get too carried away, it's a serious snowstorm and best estimates i've seen 40,000 people without power along the east coast here and then down into north carolina and western virginia, but i have to tell you, a lot of this is caused by things you really can't, you know plan for like downed trees, oil supplies, that are depleting, rapidly, as people, you know, use this energy. i've got it tell you, before you open the american wallet and spend willy nilly, lets not plan for the winter that's the worst in 40 years, you've got to plan for something more normal. i'm trying to put some brakes on this conversation and not open this up to the biggest spending nn 100 years. liz: i love you, but gary, isn't that like waiting until you're thirsty to start digging a well. that would mean jobs, and infrastructure which leads to

the whole infrastructure discussion. >> many smart people think we're 20 years behind on the power grid. we have been promised for a long time wii by politicians, not just on that, on the airports, the roads, the bridges, on the schools. i read a heartbreaking story, in classes, didn't have heaters in some classes. >> gary. >> let me-- it's about time that something gets done. politicians need to get onto these essential things for the future growth of in country today. >> but, gary, let's not get crazy here. at the end of the day, we have to watch our pennies and cents and can't turn it into one of these big spending programs, ala the democrats what they love to do and we buy anything on the shelf. we have to plan about this intelligently and do it the right way. >> nobody is not saying don't do it intelligently, but-- >> when washington gets a chunk of money like with the system

plus program with president obama, that the money didn't go where it was supposed to go. >> we have big spenders on both sides of the aisle. the president is looking at an infrastructure bill and i think that democrats will sign onto this and should be the top of our list and we have to mention puerto rico, who doesn't have power down there. it's not part of the contiguous, but they are americans that are going into florida. and rachel, about the terrorism point, i'm going to give it back. i think of the speech that leon panetta gave, on the intrepid. the next war is in cyberspace and that our power grid is so vulnerable to the likes of iran, russia, north korea, any big cyber warfare power that we're not friends with, amen 100%.

rach rachel, think how shockingly stupid it is to build a 21st century power grid on millions of wooden poles. we need to move forward on this and now. david crane used to run nrg and he had carbon belching plants in his company, he said we've got to put things underground, natural gas and get these things cohesive and together. >> these are things that we want the government to do and we can't do as individuals. we need a reprioritization, looking at what is it that government can do and should do and how to spend money better and giving back things that we can do for ourselves, as communities and individuals and by the way, when it comes to, you mentioned the stimulus money and how much was wasted, i feel a lot more comfortable under spending under donald trump, known as a builder and penny

pincher, spending money. >> like not on his contractors, penny pinching that way. >> wait a minute, penny pinching on the price of our airplanes and i feel better with him doing it than barack obama. and i don't know what the heck that-- >> a billion dollar off of air force one off the bat. he said we don't know this, he knows this stuff. he can line item, right, gary? >> absolutely. he can go after the big way and i just remember obama, with the shovel-ready projects and we know what got shoveled when all was said and done, nothing got done. hopefully somebody gets tough about this. it's an essential. we cannot afford to have a big, big problem the next bad winter and things go down. we don't want to see that happen. get in front of it now. liz: coming up, we go from the winter weather to the winter olympics. north korea and south korea are set to meet for, and i put this in quotes, talks, ahead of the next month's games.

has the north seen the light or does it have a ulterior darker motive? but when it comes to mortgages, she's less confident. fortunately for megan, there's rocket mortgage by quicken loans. it's simple, so she can understand the details and get approved in as few as eight minutes. apply simply. understand fully. mortgage confidently. rocket mortgage by quicken loans.

>> coming up the winter olympics in south korea a month away and north korea might be playing its own game with the rest of the world. is kim jong-un using the

>> live from america's news headquarters in washington, good saturday morning to you. i'm leland vittert. we're learning more about the wall, as the trump administration is providing new details on that signature campaign promise for a wall along the southern border. the president asking congress for $18 billion over ten years as a way to expand the current barrier. the plan includes more than 700 miles of new fences and

replacing existing barriers. and a fox news alert as we're awaiting the president himself. he is at camp david and has been meeting with congressional leaders to talk about the year ahead, infrastructure, the wall funding, daca, keeping the government open. we can expect the president to speak to reporters in the next couple of minutes. coverage of that as it happens. i'm leland vittert, back with gillian turner at the top of the hour, now back to cashin' in. liz: as worries mount about safety at the upcoming winter olympics in south korea next month. north korea agreeing to hold talks with south korea next week. while this seems like a nice gesture on the face of it, some worry this is part of kim jong-un's plan to use the game to blackmail his rivals. and gary, guess, work no? >> there's 28, 500 reasons he's

doing it. and we have 28,500 soldiers. and if he wants to keep breathing he needs to act correctly. i don't trust him as far as i can throw him. i think he's trying to put a fissure in between the u.s. and south korea. i don't think it will work. liz: it won't be the first time. russia used the sochi to annex the entire region of ukraine. >> you make a good point. a lot of people have forgotten in 1987, north korea, bombed a korean air flight killing everybody on board as a way of disrupting the olympics in south korea. there's reason to be concerned. i think we should open the door, but you have to be super careful with this, in my view. liz: rachel. >> i think the president deserves credit for the small gesture of peace on the part of north korea to south korea. believe me if they were acting

more belligerently right now he'd get the blame. i think he deserves credit. the only thing that changed is we have a president who is talking tough and changing up action. liz: jessica, you don't believe kim jong-un when he says kumbayah? >> no, i think if we have max sanctions on the country they shouldn't be able to play with us at the olympics. it's not like russia where there will be an asterisk next of the game because there weren't athletes of that caliber participating. but north korea won a good amount of medals. >> 54. but we don't need them to hang with us. liz: why some here say it will be the democrats that prevent a government shutdown in two weeks. only tena intimates has pro-skin technology designed to quickly wick away moisture to help maintain your skin's natural balance. for a free sample call 1-877-get-tena. for a free sample

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>> welcome back. it's time for fox on the spot. rachel, it's your turn. >> all right, donald trump is delivering hugely for minorities

and that's a huge difference from his predecessor. i think that minorities making under the trump economy is going to help donald trump win over a lot. liz: jessica. >> and low bar for jessica, we'll talk about another time and on the shutdown, a lot of democrats will have to back down on the dreamers in order to avoid a shutdown. liz: gerri. >> i see individual invests partaking in the market after we hit 25,000. we'll see them tiptoeing in, and good news for the market. liz: i like that one. gary? >> gold miners, gdx, good 10 to 15% the next few months on top of the oils and metals and minings i gave out in the last couple of weeks. i think we have a commodities 2018 year. liz: commodity, there you go. stocks, commodities, it's starting off well. >> good news. liz: for 2018. i want to say thanks to our cashin' in crew and thank you so much for joining us. that will do it for the cost of freedom business block on this, at least on the eastern

seaboard. frigid, frigid weekend. have a great one, i'll see you on fox business network week case, 3 p.m. eastern. >> it is a saturday, white house tweet storm. today, president trump takes on his critics, questioning his sanity by saying his two greatest assets are his mental stability and being like, really smart. we're live at the white house. leland: and showdown over the wall, as fox news alert, as now the president, you can see, walking out at camp david. behind him congressional leadership that he's been meeting with over the past couple of case. the president is expected to address that, among some other issues before heading back to the white house. let's listen in. >> camp david, a very special place. we started, as you know, yesterday afternoon, we had a couple much incredible