to be able to be just brother and sister again and having a good time. >> the group rode part of the florida keys highway going from key largo to key west. thanks for joining us. i'm dana perino. here's shep. >> shepard: it's noon on the west coast, 2:00 in nashville where president trump is set to speak about his farm policy this afternoon. that as we hear word of how the president's legal team may be preparing for a sit-down with special counsel robert mueller. trump's team fighting back against the new book about his administration. the president's former top strategist, steve bannon, now backing away from some of his quoted criticism while other insiders defend their boss. the president also saying he would be willing to talk with the north korean dictator kim jong-un as the south koreans get set for their first meeting with years with their northern neighbors. lots of talk about a possible presidential run from oprah after her golden globes speech last night.

the white house has now responded. let's get to it. good monday afternoon from the deck today. president trump's legal team is getting ready for a possible interview with special counsel robert mueller as part of his russia investigation. that's what sources confirm to john roberts. president trump talked to reporters about the investigation over the weekend during a meeting at camp david. the president attempted to shoot down claims that he might obstruct justice when he tried to stop jeff sessions from recusing himself. the president said everything's done is 100% proper. he also suggested he's willing to talk with mueller. the president said again, there is no collusion, no crime. special counsel mueller is looking to russian meddling in the united states election and possible ties between team

trumpand moscow. john roberts is live on the north lawn. >> good afternoon. let's stipulate that no request has been made from robert mueller's office to president trump's legal team for an interview with president trump and one may never happen. i'm told that his legal team that as robert mueller starts to wind down the investigation, which they believe he is, he may make a request to get some questions answered by president trump. so his legal team has been having talks with the special counsel's investigating team to talk about ways that might happen. the forum and form of anything that might happen as he winds down his investigation. it's not limited to this, but some of the possibilities they're talking about would be an in-person interview, likely done by robert mueller. you're talking about the president of the united states here. you don't necessarily send just your rank and file investigators in to talk. may be the special counsel that would have to do that interview. they're talking about maybe

submitting some written answers to questions that are submitted by the special counsel's office and another potential option might be that the president would swear out an affidavit presenting his part of the story here. the way that he sees everything. certainly the president's legal team is not talking at all about this. john dowd, his chief outside attorney, in a statement to fox news said "the white house does not comment on communications with the osc out of respect for the osc and its process. the white house is continuing its full cooperation with the osc in order to facilitate the earliest possible resolution. over the weekend at camp david, the president did re-affirm something that he said months ago, that he would be willing to talk with robert mueller, but he again asserted his innocence in all of this saying there was no collusion, no crime. shep? >> shepard: john, the president is travelling to nashville with one of his top republican critics, senator bob corker of

tennessee. senator corker once called the white house an adult day care center and said that the president is utterly untruthful. the president gave the senator the nickname little bob corker and said he couldn't get elected dog catcher. the president and his team continuing to push back against the controversial new back from michael wolff which portrays the president unfit for office. top members of the trump administration making the rounds on the sunday talk shows to defend the president and blast the book. while the president's former chief strategist, steve bannon, issued a statement saying he regrets he didn't respond sooner to what he calls the book's inaccuracies. back to john roberts at the white house. john? >> what is interesting, shep, just to contrast that with where the president is going today, you can criticize the president as bob corker has and rand paul and lindsey graham has and still fly with him to aboard air force one. you criticize his family, that's

a different ball game. i wouldn't say what steve bannon counted as an apology. probably more like a clarification of what he said and what he meant when he talked about that meeting back in 2016, june of 2016 between the president's son donald trump jr. and the russian attorney as being treasonous. steve bannon said i wasn't talking about donald trump jr. in a statement to fox news, praising donald trump jr. saying donald trump jr. is both a patriot and a good man. he's been relentless in his advocacy for his father and the agenda that has helped turn our country around. notice he didn't go back on saying the meeting was treasonous. what he did tell fox news, he wasn't talking about donald trump jr. when he said it was treasonous. we see air force one landing there. he was talking about paul manafort. in a statement to fox news, bannon saying "my comments were aimed at paul manafort, a

seasoned campaign professional. he should have known that they're cunning and not our friends. to reiterate, the comments were not aimed at donald trump jr." he pointed out that bannon did express his regrets in his delay to responding to the book took away from the president's agenda. again, shep, he's not walked any of that back. i'm not sure that the mia culpa and the explanation have done anything to reinstate his standing with the president. the president would seem is very much peo'd at steve bannon calling him sloppy steve over the weekend. >> shepard: it appears they have sent out an army of defenders, top u.s. officials to say that the president is indeed fit for office. >> notable among them, steve miller that got into a shouting match with jake tapper on cnn yesterday in his sunday morning program that tapper cut off his microphone and the two proceeded

to have an off-camera discussion. also out there was the cia director mike pompeo who said the president not having to mental capacity to be president is ridiculous. listen here. >> those statements are just absurd, chris. just pure fantasy. the president is engaged, he understands the complexity, he asks really difficult questions of our team at cia so we can provide him the information he needs to make good informed policy decisions. statements like the one that mr. wolff made about how we think about the president is ridiculous. >> mike pompeo with chris wallace yesterday. the president so far, shep, has refrained from commenting at all about sloppy steve on the wolff book or anything having to do with policy. he's hoping that when he visits the annual convention for the farm bureau, the first by a sitting president in nashville, that it will be all about policy, it will be about agriculture, trade and tax cuts.

shep? >> shepard: john, the plane has clearly landed as you referenced. before it did, there was a white house gaggle there on the plane. hogan gidley, one of the spokespeople came back to address the media. one question was a reaction to mr. bannon's statement. and he said "i don't believe there's anyway back for mr. bannon at this point." he's kind of out there on an island, isn't he? >> might seem difficult as bob corker has proven, lindsey graham and others have proven. you can criticize the president, you can even very curtly criticize the president. if you work with him, you can find your way back. but you criticize the family and things that he said about donald trump jr., that he said he was talking about paul manafort and ivanka trump, there may be no road back from that. certainly when you see people like rebecca mercer, one of his big financial backers distancing herself from steve bannon, you

really wonder if he can have influence over the 2018 elections. there's a long time between now and november. >> shepard: much is being made of the new schedule for the president, which list three hours of executive time in the morning, 8:00 a.m. to 11:00 a.m. the spokesperson was asked about this, this executive time report. the spokesperson said ludicrous when the president is up before dawn, he works tirelessly and results don't lie. it's out there and much is being made of it. >> one thing i can tell you about him, this is a guy that can best any of his aides that are in many cases half of his age when it comes to stamina and the ability to keep going. there's no question, the president watch as lot of tv. he's watching "fox and friends"

almost every morning and other programs as well. exactly as to what executive time constitutes, i have no idea. we're not there to see what the president is doing. but i do know that he makes a lot of telephone calls and talks to a lot of people. he has a lot of calls with foreign leaders. while it may be he does watch a fair amount of tv, even though he says he doesn't have time to do it, we know he does it because he tweets about what he watches. that's a dead give-away there, shep. we could -- we'll have to do more research to find out exactly what constitutes "executive time". >> shepard: there were other questions for hogan gidley, the press secretary. one about the president's tweet yesterday that -- or over the weekend that he is a very stable genius. hogan gidley say that records show the difference in what the media is trying to portray and he comes back what it is. republicans are stupid, just

ridiculous. dereliction of duty to report as facts, psychiatrists that never talked to the president, repugnant. i've met with him. he's sharp as a tack. >> one thing we'll find out, shep, because the president is going to walter reed medical center friday, is his general physical health. unless for some reason they put wraps around it, which would be highly unusual, we will learn what the doctors there at walter reed army medical center think about his physical condition. i don't believe he's set to undergo a mental evaluation. we will get a baseline, we hope, on where he is in terms of his cardiac capacity, how his heart is doing, how his general physical stature is. you know, whatever else the doctors there are able to tell us, shep. >> shepard: his adviser, speechwriter person, stephen miller had a notable and somewhat memorable, i must say, encounter with jake tapper on

the cnn yesterday. the press spokesman was asked about that as related to the book, michael wolff. the press secretary said unfortunately he had to spend time talking about tabloid crash by crack pot fantasy fiction writer. there were records that stephen miller might have been escorted out. here's the president on a nasty day in nashville. >> yeah, and all that weather is headed to us in washington as well. the president will get it on both ends. from here, he goes down to atlanta for the ncaa football championship game where as i said this morning, he will watch the bulldogs in an unset victory over the crimson tide. some people may disagree with that. that's the way i see it. then he comes back and doing the same thing here, only be sleet and freezing rain. >> shepard: there's little bob corker as the president once called him. i guess are they patching things up after the adult day care comments and all the rest? >> that was one, shep, that i didn't think you could patch it

up. if he patches it up with jeff flake, that really will be remarkable. i remember some of the things that lindsey graham and he were saying about each other, particularly when then candidate donald trump tweeted out lindsey graham's cell phone number, and i didn't think that they would get it back together. they played golf together and enjoy each other's company. here's a little thing i'll let you in on. bob corker is an excellent golfer. he plays a lot at a club just outside of chattanooga called the honors course, which is where they played the amateur open there a number of times. if trump and corker can bond on golf, then shep, lordy be, they may be able to bury the hatchet. >> shepard: that would be quite a thing coming to nashville. bob corker, favorite son around there. nice to see them appearing to get along. the one thing that i left out from the press gaggle, john, the

assistant press secretary -- i don't know. is that the right name for him? >> he's a deputy press secretary ray, hogan gidley. >> shepard: he asked about oprah. all the talk -- we'll have more on this -- all the talk with oprah with a possible 2020 run nor the white house. the reaction to oprah. he said no. opponent would face a president quoting who has record-setting achievements. they're not too concerned about oprah. it's interesting. donald trump before he was president years ago said on both larry king live and once i believe with wolf blitzer that he would choose -- that he might choose oprah as a vice presidential running mate. that's not how time played out i i don't think that would happen. mike pence would be the running mate in 2020. here's what i can tell you. if it were a donald trump oprah win from contest in 2020, that would be one for the ages. >> shepard: yeah. billions and billions there. john roberts, thanks for the stretch. live on the north lawn. as we continue to watch the

president here, we'll have more on the special counsel's russia investigation and the justice department looking into the clinton foundation. that's next on fox news. she doe. she does. help defend against those digestive issues. take phillips' colon health probiotic caps daily with three types of good bacteria. 400 likes? wow! try phillips' colon health.

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we're told at just about 4:00 this afternoon, the speech will begin. we'll have it live here. more on the russia investigation. sources telling fox news president trump's legal team is considering how to respond should robert mueller ask to interview the president. of course, president trump has claimed over and over there was no collusion. there are questions though about money laundering and other matters. the chief intelligence correspondent catherine herridge is live in washington. >> based on our reporting here at fox news, we understand the witnesses in the special counsel investigation really face two lines of questioning. that is important because it really suggests that the special counsel investigation will go on for many, many months, probably for the duration of this year. the witnesses we're told are asked questions that relate to russia and the campaign and the contacts and a second line of questions which is issues that are of interest to the fbi. this is seen way beyond the

russia investigation. the hope of the trump legal team as john was saying in the earlier segment is to really find a way to tie up the loose ends with issues that touch on the president of the united states. so that he can be sort of carved out or separated out from the special counsel probe. his portion is complete. and then the special counsel goes on for the duration of this year or even into 2019, it's of less consequence they feel for the president with this cloud hanging over his administration. >> shepard: catherine, we're hearing more and the fed's investigation into the clinton foundation. >> a senior diplomat is pushing back by this allegation levelled by the president that the clintons are really the be a actors in this scenario. the ranking democrat on the house intelligence committee said sunday that investigations out the clinton foundation and a new review of the clinton foundation are not based on evidence but he says partisan politics. >> yes, they are investigating

hillary clinton. it doesn't take a genius to see why. it's not because there's some new evidence that has come to light. it's because they're being badgered by the white house to do it. >> a source tells fox news the justice department is investigating allegations the clinton foundation used pay-to-play tactics when she was secretary of state. this investigation is led by the fbi in little rock, arkansas. in a statement the foundation said they felt this is about politics and really nothing else, shep. >> shepard: catherine, thanks. smoke poured from the roof of trump tower in new york city. a small electric fire broke out in the heating and cooling system. they said three people had minor injuries. that includes one firefighter hit by debris. president trump has a penthouse and offices in that tower. the president, first lady and their son were obviously in washington at the time. no question the white house would very much like to move on and focus on the president's agenda for 2018.

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>> shepard: more on the new bock about president trump and how the white house is fighting back. also, the trump legal team preparing for a possible interview between the president and robert mueller on the russia investigation. let's go to julie, national political reporter from the "wall street journal." good to see you. >> nice to see you. >> shepard: if i'm the president's lawyers, i want to avoid this. is that what they're doing? >> they're debating the best way to move forward on it. they have talked about different legal strategies, different ways to sort of get ahead of this a

little bit or at least deal with it when it comes about. there's no easy or good solution. this is all butting up against what the white house has been pitching as a pointless investigation that will end soon. a lot of tension between what is really going on with the investigation and what sort of picture the trump lawyers have been painting for the president. >> shepard: where are we with steve bannon? sounds like the reporting that i'm hearing, i'm hearing the president is a full court press now against steve bannon. >> if you look at who has been appearing on different tv shows and who has been out there in the media, it seems that way. you just heard earlier today even the white house press secretary hogan gidley saying apology not accepted. there's no real way for him for steve bannon to get back into good graces with the president. the only problem with that, there's really only one person

whose opinion matters. that is the president's. so it doesn't really matter what the white house aides are saying. it matters how the president feels. the only way we can snuff that out is through what hogan gidley are saying and how they defend the white house against this book and talk about steve bannon, which are all things that now we're in 2018, we're regurgitating everything that happened in 2017. i'd imagine that it's a frustrating position for the white house to be in. >> shepard: the story of how michael wolff got access following a thank you note from hope hicks is a really interesting one. i wonder how much regret there is about the access that he did get. >> it seems there's a lot of regret. you can determine that just by how much push-back there is from the white house. you know, another strategy might have been to ignore this book altogether. you're seeing just a tremendous

amount of push-back and engagement about this book. it really shows the white house feels they made a big mistake here. i'm interested to see what the author continues to say as he makes his media appearances about the level of access that he had, the notes that he took and the interviews that he had, what more he's willing to share with the public about his reporti reporting methods. i feel this isn't going away any time soon. >> shepard: thanks, julie. >> thank you. >> shepard: lawmakers racing the clock as another possible shut down looms over washington. a live report from capitol hill next. plus, will oprah run for president? i know, she said in the past no, i'm not going to run. times have changed. the trump team doesn't seem too concerned about it. what we do know and what she's not saying as we approach the bottom of the hour and the top of the news.

>> i'm lea gabrielle with the fox report. a man hunt in washington state after somebody shot and killed a sheriff's deputy. happened last night south of tacoma. investigators say the deputy was responding to a home invasion. one suspect found dead at the scene and one got away. search teams using drones to look for missing college student in southern california. it's been nearly a week since blaine bernstein vanished in a park south of anaheim. the drones flew over the park with thermal cameras. the 19-year-old is a premed student at the university of pennsylvania and in time to spend time with family. cops in new jersey say a suspect stole a police officer's s.u.v. and crashed it into the doors of a busy train terminal. this happened in the morning commute in hoboken. the crash halted trains and led to long delays for commuters.

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>> shepard: lawmakers on capitol hill are facing several crucial deadlines this month including one to fund the government after january 19th. republicans and democrats are split on how to do that. democrats say it's part of the spending bill they must have protection for the so-called dreamer was. immigrants whose parents brought them to the united states without documents. republicans say no deal unless it includes money for trump's border wall. $18 billion for the first phase alone. over the weekend, president trump held closed door meetings with gop leaders at camp david in a reported attempt to work out the agenda for the year ahead. mike emanuel is live on capitol hill with more. >> hi, shep. the first priority is keeping the lights on for the government. so the first on the agenda, funding the government beyond

january 19th. president trump and his team want a two-year agreement. they can tackle the issue of the children brought to the country by the parents after they address the fiscal priorities. >> we have until march to solve the problem with daca. we're not waiting to make that happen. i'll be at a meeting with the president tomorrow in the white house, bipartisan. but we want to solve daca. but to do that, we have to do something with border security and chain migration. >> so the gop is hoping to keep immigration separate from the ongoing budget battle, shep. >> shepard: what are democrats saying about calls for more border security? >> a lot of democrats saying they're fine with that, but they oppose the border wall. >> what we have got to do, seems to me, is to pass the dreamer's legislation, which protects and

provides legal status to these young people. later on we have to work for comprehensive immigration reform. that's what the american people want. >> there will be a big bipartisan meeting at the white house to find some sort of common ground on enforcement and border security. shep? >> shepard: thanks, mike emanuel. the white house says they welcome any challenger in 2020, including oprah. that's what hogan gidley said to reporters on air force one today. oprah's long-time partner stedman graham told "the new york times" that she would run for president, but he added that would be up to the people. sounds very political. this after oprah's golden globe acceptance speech blew the doors off last night. many of her comments about sexual assault and harassment accusations hitting the world of hollywood, politics and beyond. >> for too long, women have not

been heard or believed if they dared to speak their truth to the power of those men. but their time is up. >> shepard: back in june, oprah told the hollywood reporter that she would never run for office. as cavuto said, that was then. trace gallagher with more. sounds like oprah could have a change of heart? >> a little bit, shep. before last night, her confidants have been urging her to run. this goes back several months. this is interesting. as you noted in june she ruled out running for president. that was during a podcast for the hollywood reporter when oprah was asked if she could beat trump. here's what she said. >> i will never run for public office. >> that's a pretty did finsive -- >> pretty definitive thing. >> if you did, could you beat him? >> i don't know. i don't know the answer to that.

i will never have to -- i will never have to know the answer to that. i will never run for public office. >> so even as she is warming up to the idea, those closer to oprah says she's not made up her mind. she has time to mull it over. some potential democratic candidates are making their way to iowa. if she decides to run, you can bet people will look to the golden globes as the launching pad. her me too speech, the focal point was me too, but her message of a new day on the horizon could easily have doubled as a campaign speech. if you looked at twitter, a lot of celebrities were hoping that was oprah's intention. even back stage afternoon the awards, she kept the scene going. listen. >> not just be about the women of hollywood because we're already a privileged group. but too extend to the women of the world, because as i said tonight, there isn't a culture,

a race, a religion, a politic, a workplace that hasn't been affected by it. >> and oprah has also publicly acknowledged that trump's election has changed the model of what it takes to become president. the bottom line here, shep, that oprah has the money, the fame and the charisma to make a strong run as a candidate. shep? >> shepard: thanks, trace. thank you. the former massachusetts governor and republican presidential nominee mitt romney had surgery last summer for prostate cancer. that's what an aide to romney tells fox news after widespread reporting. the aide says doctors diagnosed mitt romney with a slow-growing cancer. the surgery was a success and the cancer did not spread. mitt romney is said to be considering a run for the u.s. senate after the utah republican orrin hatch announced his retirement. president trump says he's willing to talk to the north korean dictator kim jong-un. but a few months ago, he said it would be a waste of time to

negotiate with little rocketman. now north and south korea are about to hold their first face-to-face talks in two years. could the olympics help ease the nuclear threat? that's next. but first, a fox extreme weather alert. check out this frozen scene near buffalo, new york. the extreme freeze caused this water fountain to freeze. not all the way. people called this a snow volcano. something the bills could have used. and to the south in d.c., the frozen tidal basin reflected the jefferson memorial before sunrise. the reflecting pool was also frozen over. adam klotz has survived it all. the deep freeze, is it ending? >> we're not that much further away from it. it's been bitterly cold for four or five days. going to break. still plenty of spots where you're looking at cool temperatures. look at this. 15 degrees or so warmer than this time yesterday. all up and down the entire east

coast. it's only going to get warmer in the days to come. wednesday's forecasted highs running to upper 30s in new york. you're looking at a lot of areas into the 40s or even the 50s. it gets even warmer for folks on thursday. now, there's a big system we're paying attention to as it moves across the country, running up on the east coast right now. on the west coast, a more important system. this is the last 12 hours, rain coming down in southern california. this obviously an issue because we've seen all of that wild fire. so some of these areas perhaps mudslides coming here in the next 12 hours or so. this is one that we're paying very close attention to for the next 12 hours. more of "shepard smith reporting" after the break.

>> shepard: north and south korean officials are set to meet tomorrow for the first time in like two years. a spokesman for the south korean government says they could talk about more than just the

upcoming olympics in south korea. president trump taking some credit for the talks saying they wouldn't be happening if it wasn't for his tough stance on north korea. the president also saying that he's absolutely open to talking to the north korean dictator kim jong-un at some point. rich edson with the news. he's live at the state department. this happening while the united states is trying to isolate north korea. >> shep, it has been for months. the state department has been trying to cut off north korea economically and diplomatically and getting other countries to sign on to u.n. security council resolutions. the u.s. at first was fairly skeptical, trying to down play some of these talks. then this weekend the president tweeting basically that these talks were a result of his tough talk over twitter and that perhaps he would like to see good things come out of the discussions. other administration officials saying they're watching the talks closely. >> north koreans are behaving out of fear. that is they are very concerned

that america for the first time in an awfully long time is serious about denuclearizing the peninsula. i think they're finding -- trying to find a foot hold, a place to reach out. we'll just have to wait and see and how the conversation goes. >> the south korean government says they're trying to push a discussion of larger issues. the south korean president has been pushing for more talks, better relations. as for the original intent of thinks discussions, north korea has said they will likely they will send athletes to the olympic games in south korea next month, shep. >> shepard: critics are sending warnings out about these talks. >> they are. analysts are warning that this is essentially an attempt by the north korean dictator to drive a wedge between the united states and south korea on this issue with the ultimate goal of north korea to get the u.s. out of korea for the first time in 70 years. they also point to something the u.s. announced last week that at the request of the u.s.

government, the u.s. is suspending military exercises during the olympics. that's something, a suspension of those exercises that north korea has been pushing for a long time as have china and russia. the u.s. and south korea have agreed to disband them for one time and not gotten anything out of it, shep. >> shepard: thanks, rich. let's turn to michael o'hanlan from the brookings instituted. he specialized in the u.s. strategy and the military forces. good to see you. >> good to see you. happy 2018. >> shepard: same to you. how do you feel about this situation now? >> all of what you just said with rich is correct. there's one additional potential danger. north korea just wanting to seem reasonable in the eyes of china and russia so the sanctions are not fully enforced. having said that, i support

them. some degree of diffusing what has become an urgently dangerous crisis between one nuclear armed country run by a dictator and a very powerful alliance to the south, this has been in many ways the scariest thing in the second half of 2017 and to start the new year. anything that gives us a chance of calming the tension is good. but let's not forget what happened in previous olympic periods when people used the olympics either as a cover for aggression, that's what russian did in 2008 with the beijing olympics when they invaded georgia or russia after their own olympics in 2014 annexed crimea. so even if we get a law, we have to have a strategy for what comes next to make sure we're not taken advantage of, to make sure we don't squander whatever opportunity we have for diplomacy. >> shepard: how do you get the strategy and how do you implement it? >> the key element here is we can't fully denuclearize north

korea with the first deal. there's still debate on this. a lot of people don't agree. there's very few people that really believe that kim jong-un can be induced to give up his nuclear arsenal even if the economic squeeze tightening. very few people think that china is going to want to tighten that squeeze indefinitely. so i think we need to go for some kind of a verifiable freeze on the production of nuclear materials as well as the testing of nuclear and missile capabilities. that needs to be our goal. we can't give much for that goal. it's a fall back for us from our earlier ask of denuclearization. an interim deal i think is going to be our best bet and i think it can probably at least prevent this crisis from getting worse and the north korean nuclear arsenal from continuing to grow. >> shepard: let's hope so. thank you, michael. >> thanks, shep.

>> shepard: the feds say 25 of persons take care of somebody with alzheimers. doctors predict that that number will grow. so why in the world is one of the top drug companies in all the world quitting its research in alzheimers and parkinsons? that's next. plus, we're waiting for president trump to speak in nashville just minutes from now. we'll bring it to you live on fox news when it happens. megan's a lawyer. when it comes to presenting evidence, nobody does it better. she's also this close to finding bigfoot. 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.

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>> shepard: each day doctors diagnose thousands of americans with alzheimers. it's a devastating illness. one that often robs its victims of memories, the ability to communicate while taking an enormous toll on relatives and caregivers in many cases. now a pharmaceutical giant has announced its giving up on

treating alzheimers. pfizer drug says they will stop trying to develop drugs to treat parkinsons and alzheimers after too many trials have failed. 300 people will lose their jobs in the cut back. for others, it's a loss of hope. let's turn to gerri willis with more. explain the impact here. if you're one of the millions of families dealing with this, it must be heart breaking. >> i would think this is heartbreaking. 5.5 million people live with alzheimer's. they have family. another million live with parkinsons. they have families. you take those numbers, that 6.5 million times six, it is circles of folks when somebody is sick in your family. >> shepard: sure. in your close friends circle. it's very hard. >> very difficult. 300 people losing their jobs as you mentioned. it's the people that have the diseases that are most impacted. let me tell you, the response on

social media, not pretty today. they really got slammed. if i could, i want to just tell you what the company itself had to say. this is important. as you said, they failed before. they're getting out of something that they failed at before. that is not stupid. michael dolson, he runs the global rnd. he says the change in the rnd productivity highlights the opportunity for up to 15 blockbuster product approvals the next five years. here's what they're saying. they're saying look, we have other stuff coming out. not in this category. but other drugs that will be meaningful to people out there. 15 drugs over five years. so it's not like we're throwing in the towel on everything. we have other stuff important and coming out. he didn't detail what they are. i don't know if it's an i'm potency drug or a cancer drug or what it is. >> are other companies still doing alzheimers and parkinson's research? >> a lot of people have failed at this. but merck, eli lilly, so many

people out here. the reaction on twitter has been so forceful. they're putting it together with tax reform. we give you tax reform. you get out of production and trying to make the drugs. people very upset, depressed about this. not enjoying it. the stock though barely moved today. wall street. shrugged their shoulders and kept going on. >> shepard: seems to be one direction. >> that would be up. >> shepard: thank you, gerri. president trump expected to speak minutes from now about farmers and rural america. this is the president arriving in nashville earlier in this hour. the white house says the president will head to atlanta for tonight's college football championship game between the alabama crimson tide and the georgia bulldogs. as we would say down south, sec, sec, sec!

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>> shepard: on this day in 1790, president george washington delivered the first -- the country's first state of the union address. he spoke to members of congress in new york city, the capitol of the united states at the time. washington laid out his administration's plans and hinted at creating a stand-by army. or standing army. historians say that was a controversial idea way back in the day. he talked about the need for other things like we still use a federal post office and school system. in a commander-in-chief's first update on progress 228 years ago today. should news break out, we'll break in. breaking news changes everything

on fox news channel. "your world" with neil cavuto coming up. a mostly update. you know, up on the other indexes. it's all going up. we can see that. it's all going up. here's cavuto. >> neil: yeah, all going up until just today when everything went down a little bit. first down day of the trading year. we're waiting to hear from the president that will be delivering a major speech to farmers in nashville. he's the first such president talking to this group in 25 years. george bush sr. was the last. critics are ramping up their attacks on him but the economy and the market seems to be proving the critics wrong. if that is part of the instability that they like to talk about, probably investors will welcome that instability. kevin corke is there with the president in nashville. he has the latest. kevin? >> hi, neil. a little loud here at the opryland hotel. excited crowd.