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tv   Cavuto Live  FOX News  December 29, 2018 7:00am-9:00am PST

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at some point, ed henry will get that. >> we will be back tomorrow, happy new year, everybody. don't miss it. >> my brother. he is not coming back. but there's a lot of people out there who miss him. >> we absolutely need to stay focused on ronil singh's service and sacrifice, we can't ignore the fact that this could have been preventable. >> california police officer dead because of the state's wall of sanctuary around this
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suspected illegal immigrants, the head sheriff says yes, democrats behind the sanctuary laws say no. what does tom homan say? easier. speaking of california democrats, where nancy pelosi is choosing to ride out the shutdown his critics flashing out. any end to the shutdown insight? any end to the russia probe insight? kenneth starr telling us when he sees bob mueller wrapping up and what is heading donald trump's way. up arrows for stocks as investors get ready to close out a brutal month in a volatile year. what is ahead in the new year. market pros ready to ring in 2019. cavuto live ringing in right now. with one trading day left investors saying good riddance
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to 2018 the stocks suffering the worst year since the financial crisis. i am david asman. susan lee on all the ups and downs. >> reporter: a turbulent week in the markets closing out a shaky december, saw a record loss, the worst in doubt history and a few days later a record 1000 point gain for the dow. that is volatility and an 850 point swing thursday, the biggest we have seen since 2008. december as we close it out, one more session left, the worst, 6 worst december since 1931. not for the faint of heart, better strapping for these big moves up and big moves down.
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final trading day of 2018, barring a huge rally which is not expected to happen we are looking at the worst year for the market since 2008 and you wonder what is causing this volatility and anxiety, four major issues, first, higher interest rates from the federal reserve, donald trump has been vocal about his unhappiness with fed chair jerome powell and the rate hikes. we have reports they might be meeting face-to-face to work out their differences. global growth concerns, a sharp slowdown taking place in china, europe looking shaky once again and another headache for investors, ongoing trade tensions with china but with the us delegation heading to beijing the first week of january, might be positive development on that front.
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>> what is in store for investors as we close 2018? jonas, forbes media in chief, steve forbes and gary smith and susan lee joining us as well. are you worried? you have seen a lot of ups and downs. what do you think? >> what we see unfolding is not the economy which is good but what is going to happen on the trade front. the federal reserve indicated a year ago it would have these rate hikes. the markets had plenty of time to absorb that news but in terms of trade we have an agreement with mexico and canada. will congress go along with it?
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supply chains are in jeopardy, china, the big one, can get a deal. the markets don't know if that is hurting investment. that will hang over the economy. the market is worried. david: if we get a deal with china, would that change market sentiment? we had it up week but generally speaking there have been concerns. it has come down in the last couple months. >> i don't think it was a huge negative. until recently through the trade negotiation the market was doing well. it is up. this is the forest year since the financial crisis, shows how many good years we had of single-digit drops. the ordinary bad year in the stock market, there are bigger problems in tech stocks and trade related stocks, not saying it is good for the stock market we are on the edge of an insulating trade war but to steve's point the interest rate
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move might've been too highlight of the rest of the world. if there's a stronger global economy. we could probably handle those rates. we can't -- not that strong. >> gdp is expected over 2%. why are you raising interest rates when there isn't that much inflation? would you characterize the last two trading days of december typical of low-volume late cycle meaning we have been in this expansion for over ten years? david: professional money managers have gone out on vacation, made a lot of money in the last year leaving retail investors like you and me who panic at this but gary b who was never known to panic at all, there's been a lot of bad news and that does in fact investors. you name it, we had sears news
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yesterday, probably liquidated, we will talk about that later but the government shutdown, sometimes this bad news does in fact investors? >> susan kicked off the segment naming four things to worry about, we haven't touched on brexit or the mueller investigation. democrats are already saying, and the golf handicap. a lot more things to worry about. what happens is you are absolutely right. if it bleeds it leads, the old headline, from print days, the media loves bad news. market sell this much, it tends
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to be self-fulfilling. and making good money, can afford a bigger house or i don't feel so wealthy and they stop spending less. mitigating that, a couple people mentioned the economy is in good shape. we rarely enter a recession when we see this low unemployment gdp growth. with the market down so much, tended to be slightly more bullish. and time to weigh in a little bit. david: i called a friend who is a money manager who said nobody can convince me what could becoming in this economy will be worse than anything we faced before and gotten through. if you are in a couple years in the market, for a day trader you're in trouble but if you're in for a couple years we will get through this no matter what happens.
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>> when will we get through on the trade front? the thing about a trade war, we learn from the 1930s, it affects the whole economy. we are not there yet. it is more like a border skirmish which is why the market hasn't tanked. >> would you say markets react more to psyches than economics? >> if you have a good economy it is amazing how emotions often lag the market. how many people in 2008, when the market has gone down 54%, the most savage bear markets in history, who thought the market would turn around and go on an upswing? nobody. david: the job numbers are extraordinary, christmas sales were very good. will the economy withstand the
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slings and arrows? >> in 10 years you can say it is great economy 9 site but there was a great economy in 2000 and a great economy in 2007 and that is this seesaw we are in. we don't know it is an opportunity like 2011 with a 20% decline with important stocks. when we had the russian debt fall, that was a good lineup. there was a great element even though there was a panic element, 20% down is a good buying opportunity or to start a recession in a bear market but even if it is and you have a long time rush. you don't want the stock market to be hot, you want it to be low. >> dollar cost averaging, you have a retirement fund and the market goes down you won't retire for a few more years, you are buying more shares. overtime the market may not go up very much, a steady amount of
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money, you will beat most money managers. >> if you watch a new program coming out in a pbs station near you called and money we trusted starts with money. >> if you don't get the money right the rest doesn't matter. david: a 1-hour documentary, stay tuned coming in money we trust. do we are don't we? we will find out. a california sheriff ripping sanctuary laws after revealing the alleged killer of one of his officers was in the country illegally. tom homan is here to respond next. >> not coming back. but there's a lot of people out there that miss him. om capital . i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back.
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which i used to offer health insurance to my employees. what's in your wallet?
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david: the brother of ronil singh thanked the officers who nabbed the illegal immigrant suspect suspected of killing him. the latest on this extraordinarily emotional story. >> 7 people who
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gustavo perez arriaga had a rap sheet including drunk driving arrests before killing police corporal ronil singh but because of california law that prevented the illegal immigrant from being deported. >> this is a criminal illegal alien with prior criminal activity that should have been reported to ice. law enforcement was prohibited because of sanctuary laws and that led to the encounter with ronil singh. i am suggesting the outcome could have been different of law enforcement wasn't restricted, prohibited or had their hands tied because of political interference. >> reporter: the crying you heard was ronil singh's brother. video from a vigil that was held for ronil singh, police think they found a handgun used to kill ronil singh.
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they have a long way to go building the case. donald trump weighed in before the capture saying there's a full-scale manhunt going on for an illegal immigrant accused of shooting and killing a police officer during traffic top, time to get tough on border security, build the wall. ronil singh came to the united states legally and pursued his lifelong dream of being a cop, working overtime to support his young family including a 5-month-old daughter. his constant companion was sam, his police dog. we are waiting for funeral details. and about to live with ronil singh's widow and son. he didn't want them to lose another family member. david: the sheriff blaming his deputy after death on california have sanctuary laws. former acting ice director tom homan joins us. has there been a more powerful
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argument against the sanctuary city anti-ice laws? >> this is why i argued the last two years, the california state sheriffs association came out before the governor signed it. people would be released -- there law enforcement officers put at danger. this is a case, my thoughts and furs go out to his family but numerous people were killed by illegal aliens, i got page after page of examples of this. this is the latest and it is sad. david: officer ronil singh was a legal immigrant. there was a poignancy to this case that is extraordinary. this man worked so hard to come here legally, care for his family.
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and he was identified, and they were able to track him down. and they came in, there were a lot of democrats because it was overkill. >> we were waiting for an investigation into this. they want to investigate the president for everything. and california sanctuary law and how many have been killed in the hands of criminal aliens because of talking ice. let's have a democrat ask for investigation of this officer, permanent separation from his family. let's ask for an investigation, kamala harris supports sanctuary
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laws. nancy pelosi, they focus on that. they are silent right now. >> one person speaking out was oakland's mayor who was warning illegal immigrants about an impending ice rate and that led to a number of immigrants, and the perpetrator, that goes beyond sanctuary laws. >> democrats don't ask for an investigation into that. 800 criminal aliens were not found. not that she was responsible for all 800 escaping but they escaped. when i lead as ice director, one was arrested for armed robbery.
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she intentionally and knowingly put law enforcement officers at risk telling them the bad guy who criminals. ice is coming tomorrow morning. one of the ice offices wasn't ambushed or killed. if that the eichmann she wants to put out. and i don't see an investigation into that. and how much difference would the wall make. once illegal immigrants get here they have all kinds of ways of escaping law enforcement. and preventing them from coming here is the first step. that is key, is it not? >> any place they will be wall-to-wall has worked. it resulted in illegal immigration. i'm not a politician running for office. i spent 3 or 4 years doing this is a border patrol agent.
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i was ice director. this president has 100% run on this border. i'm glad he is president, he sees it, he is doing it, and -- >> i got to ask about a statement released, contrary to these claims california law permits the sharing of information on dangerous gang members. your response? >> he ought to read it. california state sheriffs association come his own sheriff said this prevent him notifying ice, released duis and gang members. 38 people die every day in duis we do in violation of federal law, we arrest the dui. these serifs, in a jail cell. call ice.
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>> appreciate it. the start of 2019 ringing in the end of the mueller probe? kenneth starr is here to discuss that next. save up to 10% when you bundle with esurance. including me, esurance spokesperson dennis quaid. he's a pretty good spokesperson. ehhh. so when i say, "drivers who switched from geico to esurance saved an average of $412," you probably won't believe me. hey, actor lady whose scene was cut. hi. but you can believe this esurance employee, nancy abraham. seriously, send her an email and ask her yourself. no emails... no emails. when insurance is affordable, it's surprisingly painless.
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david: rudy giuliani calling for the investigators to be investigated. he wants to know if robert mueller helped destroy evidence after the inspector general turned up thousands of missing text messages between former fbi employees lisa page and peter stzrok, many still missing. the ig said was due to a technical error. the former whitewater independent counsel, kenneth starr, author of contempt, a memoir of the clinton investigation, there are some extra ordinary overlaps between your investigation and what we are seeing with robert mueller. one fascinating subject about how you got president clinton to testify before the grand jury, it was a telecommunication. they didn't actually go to the white house but it was direct and you got it done. you got president clinton to
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testify. if you had robert mueller's job right now could you get donald trump to testify? >> it depends, david. because we had a compelling interest in getting the president's testimony. it is not at all clear that bob mueller needs the president's testimony. from all it appears, he was happy with the written responses that returned in several weeks ago just before thanksgiving. there seems to be further skirmishing and so forth, the respect for the presidency requires, i believe as a matter of comedy, among the branches and the executive branch, for bob mueller to be able to say to a judge, i have to have his testimony as opposed to the written responses. it is a high burden for bob
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mueller to surmount if he goes there and we don't know he's going to go there. david: we don't know what mister mueller has in the form of evidence. is there enough evidence to justify an interview? >> not from what i have seen. let's recall from that appointment a year and a half ago, the charge was, was there collusion? in the public record, we have seen no evidence of collusion. we have seen lots of overwhelming evidence of russian interference and those russians should be called to task. a number have been indicted. let's let that process run. we will see if we can get jurisdiction over them. i think they will be fugitives from justice. mueller has served an important investigative function and public information function by blowing the whistle on the russians but we need to know the
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definitive answer, was there collusion? no evidence whatsoever. david: you are a consummate investigator working with the best prosecutors in the nation at the time of your investigation. you have a way of knowing what prosecutors have and what they don't. what are your suspicions? do you think he is in possession of some evidence that may show collusion? >> it is possible. anything is possible, but i doubt it. you are giving me a lot of credit but i'm behind the veil of ignorance, not having what mueller has at his hands but i think we would have heard something with going forward with general flynn and the steps bob mueller has taken to suggest the investigation is coming to a end. i seriously doubt it. i doubt there will be a january or february surprise.
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heather: there are calls to investigate the investigator coming from rudy giuliani. not surprising from the president's lawyer. there's an interesting case to be made that evidence between lisa page who worked in the fbi, we showed a picture of carter page, there is lisa page. she worked with peter stzrok, they have a personal relationship. peter stzrok was dismissed after mister doing this on his part but their messages between each other showing extra ordinary bias against donald trump, some of that information was destroyed. should somebody be held to account for that? >> absolutely. you cannot have this destruction of evidence. it is a classic form of obstruction of justice. we need to know the answers. i'm not sure this means we need special apparatus. i have great trust the inspector
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general, do the job credibly. absolutely. this allegation is made, we need to get to the bottom of it. david: the ig said it was a clerical error. and a correlation between what you are doing and what is "happening now," a lot of media on cost about donald trump and rudy giuliani attacking the special counsel. you had the same kind of animosity from president clinton. in your book contempt you mention one case where you were direct we threatened by the president's lawyer. explain. >> before the interview and appearance before the grand jury, president clinton's lawyer said if you ask embarrassing questions, i will take you to
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the knife. i took david kendall's comments to be metaphorical. i know david, he is an honorable guy. this is rough sport and the stakes are extremely high and our investigation constantly attacked, vilified and the like. in the nature of it. i wish it weren't so. it was true during the clinton years. he is a key difference. even though donald trump tweets. i wish he wouldn't tweet to the extent he does. saying the things he says. he is the president. on the other hand, his team has been cooperating with special counsel, so some nasty things being said but the right things being done. that was not true during the clinton investigation. we had to fight tenaciously to get basic information.
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constant invocations of executive privilege and we will hear a lot of that come the new year. david: some wonder if the investigation will be over by the end of 2019. your investigation went on a long time. you were criticized for spending money. has this investigation gone on too long? >> i don't think we know whether it has or hasn't. it has been very productive. even with all the name problems. bob mueller has his eye on the calendar, in may 2017 and when we are noting the new year, bob mueller will be looking at mid may and let's get it done. david: from kenneth starr his book is contempt, amazing how history has done this. thank you for being here.
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house democrats reportedly beefing up on staff from the investigations into the president. do they risk helping the president by doing that.
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david: democrats beginning to staff up, looking for a lot of lawyers. does this mean investigations into donald trump could be on the way soon? will that game plan backfire on
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democrats? joining me is rochelle ritchie and attorney jana ellis. whatever happened to the promises of legislate, don't investigate? a lot of democrats were saying that a couple months ago, not now. >> to go after trump, living under a rock, i'm not surprised by it. considering hyperbole through democrats, maxine waters for sure. this should not be a surprise. what we are going to see as a team of young lawyers, new young lawyers coming in. we are going to see a president resigning or a president being impeached and we need to see that.
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david: some republicans say bring it on. look at the composition of the senate, more republicans, more conservative -- if there's an impeachment brought by the house it will not pass the senate. >> the american people are sick and tired of the investigation. people in pennsylvania, michigan, care about jobs and healthcare. they do not care about tax deductions in 1994 on donald trump's tax returns. that will not do anything for the benefit of the american people. these investigations will be fun for the press, the president is sitting in the oval office during a vacation and democrats won't come to the table, this is fun for the press but will not do anything for the american people. voters will take note of that in 2020. heather: ed rendell, former democrat governor of pennsylvania wrote an article in
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november saying it would be a waste of time and energy to investigate anything in the purview of the mueller investigation. this is advice he gave democrats, don't investigate, focus on legislating was any chance democrats will take his advice? >> probably not. we saw democrats priorities in the cavanagh hearing. they are so hateful against donald trump and anyone else he is trying to nominate. and and their first obligation is to do the responsible use of congress. it is an example of prioritizing bipartisanship, it was meaningful to the american people, and they will remember that in 2020.
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david: he is a great democrat, he was a leader of the democrat party. he brings up a good point. of the mueller investigation is looking at something and -- why double up on that with an investigation in congress, leave it up similar? >> there are things mueller is not looking at. is not looking at the tax returns. that is something democrats are interested in learning more about so that is where they are going with this especially, the job description and requirements, money laundering and subpoenas and things like that. that is what democrats are doing. and you don't have are a vote for republicans in the senate to impeach the president, if the
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mueller investigation reveals there is criminal intent, keep in mind the impeachment process is not a criminal process but a political process. you have to have the support of members of congress. >> you also have to have a legal basis. it is not just political to say we will undermine the will of the american people just because we don't like the policies of this president so for democrats to go after impeachment when there is no legal basis, it has been two years with similar investigations. we don't know the scope of the investigation but if there was something he had we would know. >> we will be waiting a long time because he wants to see what is going to happen in 2020. the possibility of invading a sitting president is also an issue. of trump comes out and say he does not win in 2020 is that when mueller will pursue --
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david: one group that is not waiting the american public. they are looking at this and i think there's a fatigue about these investigations, don't you? >> of course there's a fatigue and voters are tired of hearing about it. the headline, click that is when will the end of the mueller investigation be? it should run its course and he should investigate what he needs to investigate, no way to protect whether he will end before the 2020 election or after. i think it will end before. there seems no other direction to go. we have sometime before the election. that will be big turning point about what happens but as to democrats investigating matters mueller is investigating that should not happen. it doesn't need to happen. these are corollary things, it needs to be relevant when litigation is gender to find trump's tax returns, that is the
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holy grail thereafter and is a red herring. the american people don't care about it, doesn't benefit the lives of the american people. david: we just had kenneth starr on. looking at the investigations against bill clinton, even republicans admit they made a mistake pursuing that. democrats ended up enjoying the fact that the republicans were so determined to impeach him and he was impeached, but he was ruled innocent by the senate. a lot of people think it helped the democrats long-term because the economy was doing well, the economy right now is doing well. when things are going well in the economy, a president who may be at least partially responsible for that is being thrown barbs by congress americans get upset at that. why upset the apple cart. >> there was a paul that came out that showed the -- normally the economy is the number one
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issue when it comes to voting but in his last midterm election it was healthcare, immigration and the economy. we have a sort of thing, natural human behavior that when something is going well, that is great. heather: david: there could be fatigue and hostility about going after donald trump away republicans went after bill clinton in the 90s? >> they shouldn't of got after bill clinton in the 90s. i'm not a bill clinton fan. i'm not going to defend him. should have gone after him but you have to let this happen. when you look at what cohen said to mueller as to being directed by trump to use campaign funds to pay off his infidelity in the relationship with vladimir putin being a phenomenal benefit you have to look at that. david: new worries about a flu
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outbreak? are you in a danger zone? details next. back on tv for a limited time. and if you love the best of geico, you're gonna really love voting online for your favorite. you can even enter for a chance to appear in an upcoming geico commercial. this fire's toasty, linda but the best of geico collection sounds even hotter. to vote for your favorite geico ad and enter to win, visit geico.com/bestof. that's geico.com/bestof.
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david: the cdc is reporting increased flu activity across the country listing 9 states plus new york city seeing high levels of an influenza-like illness. how bad will it get this flu season? good to see you. is this an unusually high number
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of cases? >> flu season typically goes october to may in the height of flu season is usually december, january, february. this is what i expect. i spect -- it expect to see the increase. it makes sense. david: a lot of people get a bad cold and wonder if it is more serious, even a visit to the hospital. how do you distinguish between a bad cold and something worth? >>:flu are different, they are different viruses. some symptoms overlap but the differences are when you have the flu, there is very high fever that can last longer. david: meeting about what? >> 101, 102, 103. everyone is different but a high fever. the other thing people feel is muscle aches. you feel like a bus has hit you. you can't get out of your bed.
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you are worn out and exhausted. that is different from the cold. those are the main features and the flu is generally worse. you can be out of work, school, out of commission 5 to 7 days with the flu where cold, a couple days and you keep moving. david: there for only been a couple times i felt that but i know that feeling, every muscle in your body aches. i have had the flu but resisted getting antibiotics because i know all the stuff about antibiotics, you can become resistant to it. >> the flu is a virus. antibiotics don't work against viruses. it is appropriate that none of us if we have the flu, we should not be taking antibiotics. getting a flu shot for those who are listening, that will prevent the flu or if you get sick may reduce the severity of the illness. that is what we want. david: if you get the shot and
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come down with the flu anyway. >> it will be less severe. a lot of this is called herd immunity. we have hundreds of thousands of people hospitalized with complications from the flu, tens of thousands die every year. we need to protect the community. we 14 we had a dear colleague of ours, bree payton, passed away yesterday. it was because -- a lot of press reports it was swine flu that might have led to meningitis that might have led to her death but you suggest there is a different kind of virus involved. >> our seasonal flu strains that are circulating, the cdc tried to figure out what will be circulating. we have the h1 and one strain, age 3, and some b virus strains. that is in the seasonal flu that we are getting. understand there is h1 n one
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which is a variance we remember from 2009. that is a variant. when i talk about the seasonal influenza, which is a seasonal strain. there are additional strains of the flu virus as well. this is what we are talking about. the flu virus -- david: we have 20 seconds but she was just on camera wednesday and she died friday. it was so quick. what would the warning signs be that she should have been more aware of? >> i wasn't her treating physician. if there were any complications sometimes the flu can lead to other things would you mentioned meningitis, or pneumonia or other things. you can get the flu and have it morph into something more serious that causes problems but this is the thing. if you're feeling sick and not getting better and it seems
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severe check with your doctor. david: brief satan, her family and friends are in our prayers. and friends are in our prayers.
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david: arnaud we are new yorkers and the country can't stand new yorkers but it is a spectacular event on new year's eve. if you ever have a chance to come here on new year's eve you will never see another new year's eve situation like it. they are about to begin with a confetti test. when new year's eve arrives, there will be 1.5 tons of confetti released. it is just a test but it is a warm day in new york. i don't think it will be exactly like that. our meteorologist extraordinaire knows what it will be like on new year's eve. today is like springtime. >> is a true most of the country hates new yorkers? >> not necessarily but nobody likes new york as much as new york does. >> i am from arizona. i can tell you one place i would
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not wants to be used times square, this is what it will look like. 46 ° and rain, not as bad as single digits. it is called really fast. single digit, a really big batch of cold air, it doesn't stick around long but moves towards canada where we would like to see it, not a large invasion of cold air but we have cold air here nevertheless. we have rain and snow in the eastern half of the country. all that is left is the tale end, northern areas of florida. that will sit with us for much of the day. the next system brewing, rain
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coming in, more mountain snow, nothing towards california. and lingering snow across new mexico, we had a blizzard in albuquerque. future radar plays out, a little foggy and unsettled. two more inches of rain by monday, your wettest year ever in all kinds of cities across the east. look what happens by sunday into monday, big rain across the central part of the country. this, by evening, is what you will see towards new year's eve. a big chunk again looking at 4 or 5 inches by the time we get towards new year's eve, snow across arizona and rain to the east. >> if you have a weatherman umbrella you don't have to worry about anything. we will have the latest developments on the illegal
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immigrants arrested in the california police officer shooting in a moment and with a partial government shutdown, stuck in a stalemate we have a government rescue plan from our rescue star, john tapper. he knows how to fix it. he will be here live. stay tuned. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal.
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>> i went with the request to call for an investigation into this.they want to investigate family separation and zero-tolerance policy and the president want to investigate
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the president for everything. let's see if they call for investigation into sb 54 and how many people have been called at the hands of criminal aliens because they releasing them rather than talking to i.c.e. >> talking about the california sheriff pinpointing sanctuary lawyers and anti-i.c.e. laws in california as being partially responsible for the death of an officer this extraordinarily talented young man who was killed by an illegal immigrant who possibly could have been caught were it not for the sanctuary and anti-i.c.e. laws of california. we'll talk about that throughout the hour. have a republican and a democratic congressman who have things to say about whether the sheriff was right or whether tom was right. you want to stick around. meanwhile the partial government shutdown in its second week it seems like we are heading into the new year with no resolution in sight. is there any progress whatsoever in the standoff?
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garrett tenney is in d.c. with the very latest. reporter: not much progress he appeared with all of congress out until the new year i and not expect that the change. both sides digging in with democrats refusing to negotiate with the president over the border while in the present refusing to end the partial shutdown until that happens. the stalemate is also once again a possibility that daca could be included the possible deal in the new year. >> house democrats are in a bit of a bind. nancy pelosi wants to i don't think that any offer on the table till after she's elected speaker. so that is holding her back. the democrats should come back with their own offer now. i think there is room for negotiation. the president is willing to come down on the dollar amount. democrats should go along with a wall and if daca is on the table then let's do that. >> and the congressman suggested at the white house they are willing to negotiate on the funding level for the
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board will encompass down from the 5 billion they have demanded. so far, democrats have not been willing to negotiate beyond what they have already offered. some democratic lawmakers even suggesting the president only has himself to blame. >> unfortunately, president trump has been hard to negotiate with. if you listen to us and actually negotiated with us two years ago they would be $25 billion for a wall. and we would've had the dream act. instead he is listening to the worst elements of his cabinet as well as some pendants that basically guide his decisions. >> now, once new year's comes into place the democrats will take control of the house. once nancy pelosi is leader of the democrats in the house as she is expected to be, it will open a whole new deal for negotiating possibilities that a deal could be made at some point but at this point, both
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sides digging their heels into so dumb. not expect this to endanytime soon. >> looks pretty damn right now i must say. thank you very much garrett. looks like they also want to bring in the new year with very costly new government programs. ohio senator sherrod brown is cosponsoring the grow american income act . it would double the maximum tax break for families as high as $12,000. increase maximum credit for adults with no children from $500-$3000. total cost of that, $1.4 trillion. over 10 years time. meanwhile california senator kamala harris has an act aimed to subsidize wages with the new tax credit refund plan to issue monthly checks up to $500 for families and $250 for singles. the cost is $3 trillion over 10 years. beckwith may be of jonas, gary smith, susan lee and steve forbes. steve, i'm sorry, what's that? we mentioned pete moore the test of the confetti. there it is for all it is worth! just a taste of what's to come.
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just a couple of handfuls really of confetti. imagine 1.5 million tons of the stuff. that's how much will come down on new year's eve. back to this, we can say this the celebration of democrats and all the money they're going to spend. it is our money chopped up in little pieces. celebrating a common sense. >> exactly! we haven't even mentioned medicare for all. that has been estimated to cost up to $3 trillion. that is the entire budget, it would mean you'd have to get rid of everything, defense, social security spending, you name it! how will they pay for all of this? >> the answers they will not pay for it. the way you attack at those not just the cost but also the fact that this will mean worse healthcare for the american people. less choice. how did the europeans do it with a one payer system? they do it by russians. england for example, if you need dialysis, 60, you'll never
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get in front of that line. they leave you to die. we don't need that kind of rationing here. this other stuff that they proclaim that the middle class will do nothing to help the economy it will hurt them. >> look at other countries that have tried some of this.if only the socialized medicine part, and they are in terrible shape. that is part of the problem with england and france. france has huge unemployment right now. they are in terrible shape that's why they have, one of the reasons you have riots in the street when they think of raising taxes on gasoline. so why we trying something that has failed elsewhere? >> because the democrats are masters to be honest with you. giving away free money. they are the mom, apple pie, whenever there is a question you know, it is easy to fall back on, are you against the middle class? don't you want them to rise? or are you against police officers or against mom? they have a great marketing
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message, when you get down to the historical context, they bring up they always bring up sweden as a good example. where they have a very huge private sector even in the healthcare area. the problem is, republicans have a horrible time making the right message as steve did that cannot seem to do it. like when they have taxes on the back of a postcard it works. but the whole free money idea. >> republicans a sexy little worse. susan lee, when republicans are in charge of come up with a lot of spending plans on their own. do you think during the george w. bush demonstration they started all kinds of different programs to increase spending. including medicare part d, etc. they know how to spend money. republicans as well. >> the trump tax plan caused a
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lot as well. but you have to find it somehow and you do that with a government bond, government treasury and is essentially is a tax hike. interest rate hike and it drains money out of the system and that is why we are looking at stock market volatility. >> the point of the tax cuts were responsible for this extraordinary increase in corporate profits. which led to more job hiring, which is good for the economy and i would also add that all the extra people that had been hired are paying income tax now. that is what we have the highest number of tax revenue or the highest rate of tax revenue in our history. >> even if they didn't have those things, you need to be competitive so companies don't leave and go to other countries. would be stopping the number one destination for capital. but there were benefits paid to season! there is also defense spending increases which are increasing the deficit which is whites
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turned overtly silly. these proposals have about as much chance of going through next year as a proposal to make yachts fully deductible. [laughter] the best thing about the shutdown next year is it's unlikely we will get significant spending tax cuts to make the deficit worse. it's very possible we have shutdowns and a budget battle that would lead up to hundred million dollars in mandatory cuts in defense and non-defense areas. the closest the budget spent a good times is late obama we had tax increases but no new spending and cuts. and late clint demo had tax increases -- >> you know what we need right now, and we just got it from the president is good news. the president just tweeting about five minutes ago, i just had a long and very good call with present xi jinping of china. the deal is moving along very well. if made, it will be very answer. it covers all areas of dispute big progress being made. steve, he said the worry about china trade is one of the
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things really causing problems with the stock market. this is good news, right? >> very good news and you see in the futures market as we leave the show today. if they follow through in terms of specifics. and i would be surprised david, if they end up putting in natural gas. china needs natural gas.a proponent of this could be two or 300 -- >> he mentioned that. you're suggesting they would build these liquid natural gas terminals that were taking our natural gas, right? >> that's right. that way you get a huge deal and by golly, if you take off the table, you will see the market rise up. then it will be on the democrats to block it in congress. >> a lot of upside positive for a trade deal in the first quarter next year. look at the move china has been making, allowing sales north american rice, that's a huge deal to open up the rice market to u.s. agricultural goods. they been trying to make good on trying to change around and general structural issues like
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not forcing american companies transfer technology, we don't have to participate in the chinese market without a chinese partner. i think there's a lot of positives. >> gary, do we believe them? they sign these deals and then they cheat. it's happened ever since they joined the wto in 2001. >> do believe them were quite frankly, do you believe trump? he's had a lot of good news, if you will with everyone from china to north korea. and it turns out to be you know, nothing. i think steve is right. i think we'll see a pop in the futures. i am waiting to see, i will make my trades based on hard evidence. >> you a debbie downer! [laughter] >> this trump thing about buying talks on tuesday so some might say can actually act on his behavior but a lot of it's been negative. we are in a position right now with china. there economy and stock market are weaker than ours.
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they are showing some trouble in housing and i don't think they can handle an ongoing trade war. a tariff war like we could. >> they want a deal as much as we do. all right, political full after an illegal immigrant accused of killing a california police officer. that illegal alien apparently snuck in through the southern border. >> he is not coming back but -- there is a lot of people out there that misses him. and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today. i'm ray and i quit smoking with chantix. ♪
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smoking. it dictates your day. i didn't like something having control over me. i wanted to stop. the thing is i didn't know how. chantix, along with support, helps you quit smoking. chantix reduced my urge to smoke to the point that i could quit. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood, or suicidal thoughts or actions with chantix. serious side effects may include seizures, new or worse heart or blood vessel problems, sleepwalking, or allergic and skin reactions which can be life-threatening. stop chantix and get help right away if you have any of these. tell your healthcare provider if you've had depression or other mental health problems. decrease alcohol use while taking chantix. use caution when driving or operating machinery. the most common side effect is nausea. for me chantix worked.boom. end of story. talk to your doctor about chantix. >> america is now in mourning
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after the murder of a california police officer who was allegedly killed by in a -- an illegal immigrant today after christmas. jeff is live. reporter: david, after an intense search the man suspected of killing a police officer, singh was arrested. they say the suspected killer was attempting to travel to the border to get back to mexico. he'd been on the run for two days after police say the suspect shot singh the day after christmas during a stop for a suspected dui. singh just celebrated the holiday with his wife and five-month-old son. he leaves behind family including a brother who is absolutely heartbroken. >> there a lot of law enforcement people i don't know who worked days and nights to make this happen. i would like to thank you from the bottom of my heart.
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to make this happen. reporter: this is the suspect, gustavo perez arriaga. they say he was in the country illegally and had previous arrest for dui and known gang affiliations. they call the california so-called sanctuary law suggesting the outcome could have been different if tougher immigration laws were in place. the community last night choosing to focus your energy on the life of the officer that they lost. many sugar-free vigil to honor officer singh. he was only one of 12 officers at the newman police department and some of his fellow colleagues spoke about the close bond. >> when he was a brother like him it is difficult to process. unethical ever forget that. how i felt when i got that text message and i saw on facebook. it is surreal. i like to be on my phone and call him and be able to hear his voice.
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but that's not happening anymore. >> singh, a native of fiji immigrated to the states legally where he became a police officer. as for the suspect the das office doesn't expect to file anything until monday. they would not be a court appearance until at least wednesday. >> jeff paul, thank you.and waiting for democrats to take some action all of this. this is what i was told earlier. roll tape. >> and wait for the democrats to call for an investigation into this.i mean they want to investigate things with zero-tolerance policy and they want to invest to get the president for anything. where is the investigation, let's see if they call for investigation on sb 54 the california saints were law and how many people been killed at the hands of criminal aliens because they were released from jails rather than talking to i.c.e. >> back with us a lead attorney, jen ellis, democrat strategist, rochelle ritchie and gop strategist kim chase. jenna, when mesa so different,
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forcible a lot of things make this different. the person murder was a legal immigrant who was so hard-working and shows what, how good immigrants can really affect this country in a positive way but then you have the sheriff. by the way this picture is heartbreaking because it was taken just moments before he left his home in order to go out where he was shot and killed. but you also have the sheriff. his boss, the office is boss saying specifically that it was a sanctuary law, these laws that were partly responsible. >> yes, this is a unspeakable tragedy peer was so horrifying to the american people, this is entirely foreseeable. we have this juxtaposition that someone is an excellent representation of a legal immigrant and someone who is a representation of everything that we fear. and that justifies more border security and immigration reform on the other side.
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so this was foreseeable because we have instances and so many other things with these types of illegal immigrants that for the democrats cannot be willing to come to the table in good faith and pass common sense immigration reform and recognize the governments chief legitimate response ability is to preserve and protect the lights of the american people. that is incredibly frustrating. >> rochelle, at least pull away from what we're hearing a couple months ago. leading into the election, anti-i.c.e. fervor that was on the part of progressives in the democrat party that was really, i think kind of disrespectful of those people who do put themselves on the line. >> yes i will be the first to say i don't think abolishing i.c.e. is a solution. i think it is a really silly idea and i think they have to be careful with the whole abolish i.c.e. -- >> even short of that, we've anti-i.c.e. laws in california. >> they do.here's what i'll say about this. i think happen to officer ronil singh is horrific. i want to be careful not to
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politicize this because at the end of the day this is an american officer that -- we don't focus on what they face every day in the street. i think the department though, has every right to be frustrated because they are dealing with this in a different way. you cannot have the nypd necessarily dealing with the sort of issues they have in california, right? so i can understand why they are frustrated by it. but i think they had to be careful right now politicizing it. and i don't think it's fair to say democrats are not coming to the table with immigration policies or real solutions. i think we simply differ on how we solve the problem. because if that were the case i think in 2013 -- when schumer first for immigration, when it was going to be 40,000 additional border agents and $40 billion to go towards immigration, republicans said no.
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so you can't say republicans don't care. >> i want to get him in here but also want to point out that the president was just tweeting again something referenced all of the saying, i am in the white house waiting for the democrats to come on over and make a deal and border security. from what i hear, they are spending so much time on presidential harassment that they little time left over for things like stopping crime and our military. kim, what do you make of that? -- can, what you make of that? >> that's right. sb 54 is problematic. it was passed into law in 2017. effectively, it makes california a sanctuary state where it is against the law now in california for a state law enforcement official to even communicate with federal immigration task force, task forces and also federal immigration officials. so first of all, the death of officer singh is completely
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preventable and this is going to happen again and again. under the supremacy clause of the united states constitution, you cannot have a state government actively -- subvert federal law. in the past were demonstrations of done when they have been problematic state laws, they attached pursestrings and other incentives for states to cooperate. this law was passed on completely partisan lines, 27 ã 12 for the democrats and let's see how long it remains in effect. let's see if it is even constitutional. i see a lot of legal challenges, a lot of legal problems with the law. i don't think this is going to catch, this will not be a trend and i hope it won't be. >> we are going to talk a lot more about this subject coming up. thank you very much for a good discussion. much money as she coming up. we will be right back. oh! and here we see the artist
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making an attempt to bare his soul. it's just a gray dot. yeah, you can get a mortgage that avoids pmi, but there's no way to avoid mip on an fha. hey! now the ... this'll help. rocket mortgage by quicken loans makes the complex simple. right? understand the details and get approved in as few as 8 minutes by america's largest mortgage lender. >> the government still
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partially shut down but arguably, completely broken. can anyone or anything rescue america from its dysfunctional government? there's probably no better person just then my next guest. you've seen a fight with and then rescue a lot of people the start of the hit t.v. show, bar rescue , and new storm fox business network, jon
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taffer. thank you for being here. you see room for compromise. a lot of people don't. give users solution? >> is a business person, compromise is the essence of any progress.and what happens in our political environment today, both sides have so dug themselves in that the room for companies doesn't exist.it becomes wall or no wall. this or know that. when you get into this kind of semantics, we don't have bridges to the other side. and without bridges to the other side, both become islands. no compromise is made. and that is what we have today. >> the president wrote a book, the art of the deal. which explains coming start with a really hard decision and that is why maybe a position you do not see compromise on but you start there and work your way back. maybe that's what's going on here? >> i have been to negotiate that way myself in my own business dealings. if i start hard with you and i
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and soft, we have a relationship to go forward because it ended softly. if i come in soft and then i and hard, there is a result not good. both sides have their dignity with the deal. we start hard and you come back and give them back dignity, you're giving them something to leave -- >> i would think there is room since both startup started very hard. there doesn't seem to be any room for compromise. maybe that will happen. are you optimistic? >> i think the voters have to start saying that we want companies. i think we need to vote for candidates that will stand up for compromise who do have bridges to the other side. we cannot get a lemonade stand on every corner. >> had needed to the voters to stand up and demand some kind of deal? >> frustration. and i think we are getting there. i do. i think the trump election was one example of real frustration in trying to step outside the
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box. >> even the republicans increase majority in the senate so it wasn't all bad for the president. >> no, it wasn't. i think the concern of the tweets and some unofficial medications by the president take down some of those bridges. and that is what concerns may think the policies are strong but without the bridges of commonality, compromise is not met. >> there's a lot of business that have gotten deeply into debt.individuals have gotten themselves deeply into debt. there is no business in the world as in debt as the united states government right now. $22 trillion. how would you advise the u.s. government, the people running the u.s. government to get out of that debt? >> no business we have accountability. if i was ready for several months i am out of here.that accountability makes me change my mind.>> so how do you make government accountable for the debt they are building?
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>> any draft of a budget ceiling. i think we have to put regulations that cause accountability. right now we write checks and checks and checks and there is no accountability at all! >> you mentioned the tweets. you're not a big fan of them but the president does have, a lot of people don't know about you, as tough as you can be on camera, you can be a sweetheart and private. you're very soft-spoken, mild-mannered. you hear kind of the same thing about president trump. i talked to people that work with him. people in the cabinet who say that while he comes off hard and tough and nonnegotiable, in public sometimes, in private he is very much negotiable person. and can be quite charming. >> but dignity is a public thing. we can of dignity together. but if we walk away from this table and you have public shame, not dignity, where is your motivation to cut a deal? the cost is too great to personally or your cause personally. we have to learn that our politicians need to give each other a little more dignity and i think on that one basis, we
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can move forward. >> the shutdown itself, not everyone dislikes the shutdown. very often we see that we have a government shutdown. as happened in the past.three government shutdowns. the market increases during the course of the shutdown. sometimes people can be very cynical on wall street but they say look, as long as the government is not doing anything, maybe it's better for the country. what do you say? >> it's funny, when i go to main street peoples income or higher, employment is low, restaurants are full. a great retail season. when he got there they don't feel this market or this, there is a real separation between the way middle america feels and what we are seeing on the stock market boards. and it's interesting. i get that this foreign debt, there is a lot of drivers but in middle america, -- >> you know, that's a great point. and i do wonder which will affect the other the strongest.
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that the economy so strong eventually wall street will kind of snap out of its slump and realize, the economy is going strong that is where profits come from, that is why stock prices go up and eventually the market will be better. or if the opposite happens. folks on main street get depressed by all of the bad news. >> wouldn't it be terrific if it actually was based on earnings and troop company performance? we have lost that particularly in the last few weeks. >> what you think will strengthen the economy itself? we already have these terrific tax cuts. i say terrific, i know it is controversial. but i say terrific because is led to bigger profits. the cost of business goes down we get more business. >> in fact, income has gone most in 10 years. so it's working. and i hate the word trickle down. it's sort of a dirty expression but it did trickle down and that crumbs became real slices
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of cake to some people. >> is a just a sugar high we been living under for the past year? it kinda gives you the idea that unless the government is constantly giving you more sugar, you won't know how -- i don't buy that. i think if the government pulls back, which he has done, deregulation and lower taxes. they know how to make things, businesses know how to grow. >> i completely agree. as a travel across the country doing the work i do, when you give people a reason to step up, they do. they do! we take a reason why they don't. >> i agree. >> that is the button. push the button, all right? give his people a reason to step up like we have. lower chances, a chance for higher income. in july, months ago, 3.1 million people left their jobs because they had the confidence to find a better job. >> a hugely positive sign. a number of hugely positive
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signs i knew that i would get it from you! thank you for the optimism. great interview. great to see you. >> thank you. >> up next will we resolve this before the show was over? we may do it. stick with us. maybe you'd mellow out a bit if you got geico to help you with your renters insurance. oh, geico helps with renters insurance? good to know. yeah, and they could save you a lot of money. wow, suddenly i feel so relieved. you guys are fired. get to know geico and see how much you could save on renters insurance. >> you just heard bar rescue
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host, jon taffer give us his government rescue plan. he says for starters the government needs to demand a plan. and we have a congressman with
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us now, thank you for joining us. you just heard jon taffer come he give you advice on compromise how to do it. buildup public movement for some kind of compromise. do you think he is right? >> ithink he's absolutely right. in fact , the whole system of government is based on the idea that we have different points of views and sometimes that can be very divergent points of view. but by taking our oath, we commit ourselves to a process that is supposed to reconcile those differences. so the very nature of the system requires compromise. unfortunately, in this has to be said, it is true across the political spectrum, members of congress and other local leaders feel at the get punished for compromising. that absolutely -- >> i agree with you. but a lot of people looking at this and say, gosh, wish and on the government for such a small amount of money. in the grand scheme of things. $5 billion is a lot of money in
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my book. however, you guys just agreed on an agricultural bill that i believe was $867 billion! you can a and 867, why not on five? >> it is obviously a problem but i think it works both ways. why should the government down over something that is only that big? >> because we saw while in california. because a lot of people think that unless we get the borders secure, you have more incidences like in california where an illegal immigrant because -- kills a cop. >> but the notion that the donald trump cartoonish definition of a port security looks like is the one we all have to accept. democrats care about port security. as mentioned in the earlier segment that when the senate pass comprehensive immigration reform there was a significant investment in order security. but it was really thoughtful border security and it was
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bipartisan. >> but there were roles in there. why did you like the wall then and you don't now? >> well, friendly, i have to disagree. there was additional border security that included some barriers. but i think word of a person like will hurd, a republican texas that lives along the border and spent 10 years in the cia, he doesn't believe that the simple approach that the president is proposing, which is really the fulfillment of his campaign promise, is the way to get there. if we're going to do this, let's do it right. let's not governed by tweet. let's have a real conversation. the other point i think was made in the earlier segment, if we can just start treating one another with different points of view with a bit more dignity, i think we can actually find this middleground that we know exists. but that has to come from everyone. >> it does, of course it takes two to tango. and you have the president in the beltway and speaker pelosi in hawaii.
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why isn't she in the same position that the president is right now? >> well, first of all, it was a republican house that voted to recess. so let's make sure that we keep the facts straight here. secondly -- >> well, she is in hawaii and that is a fact. and he is in washington, and that is a fact. >> we think that they can't negotiate? let's not get petty here. here's the point, jim mcgovern, chairman of the rules committee, was on the floor of the house just yesterday. and proposed putting the senate version of the continuing resolution that would keep the government open until february, on the floor. >> yeah. >> we were ready to vote, we were actually ready to act. it would take 24 hours to call us back and we can vote. look, i don't think it does anyone any good. for the president to create this narrative that he is ready to negotiate and where are the democrats? look, he is had two years. to sit down with us. i've been asking for time with
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him for two years to talk about one very specific issue. never a call back. so it does go both ways.>> by the way i have to ask you very quickly, you have the california sheriff pinpoint sanctuary city laws as one of the problems. one of the reasons that bad eggs like the one who shot the deputy happened. what do you make of that? because there are members of your party that not only for sanctuary city laws were for anti-i.c.e. laws. >> yes well i certainly do not support anti-i.c.e. laws. if you abolish i.c.e. . to have a mechanism for customs enforcement. >> that's right. >> i think it is a red herring in some ways. even in this case, i think we have to understand there's middleground. state and local governments have a responsibility to work with the federal government and still maintain their own prerogatives. there is no middle ground for
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officer singh. not his family. >> i do hope that you compromise, you got it from the bestthere is. the bar guy .we appreciate you coming on and listening to them. by the way, the republican check to house budget committee, with us next. stay tuned. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? >> which is that the democrats
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i know the republican side. has-- a house budget committee chair, steve womack.
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i spoke with dan kildee and during the commercial break he said please mention that i am a good friend of congressman steve womack. we are terrific friends we know how to talk and deal with each other. so why doesn't that translate into a deal? >> oh my, i can write a book about that. >> give it a shot! >> let me say this, day. the feeling is mutual. he is a great person, someone that's been through a lot with the water crisis i have a great admiration for him. it is a larger issue that a republican and a democrat being able to get along in the floor, there's a lot of that that happens in washington that does not get recorded. but we are so bitterly divided as a body politic everyone has dug in on their position and no one wants to move. we left the compromise that you talk about. with the bar fellow. it is what it is an easy change. the only way it will change is
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if both sides decide to put skin in the game and come to some mutual agreement. >> i will ask the same question that i asked congressman dan kildee. he seems ridiculous to americans that when you're dealing with trillions of dollars in the budget, the government will shut down over 5 billion! >> well, look. the house voted to move a bill, to reopen the government. until february 8. security money in and we also, no talk about this, but we also put disaster funding in it. without a lot of people suffering from disasters and hurricanes and fires and what have you so there's about $8 billion in that bill. but you are right, why would we shut the government down over a small amount that is so absolutely necessary, border security. the problem is that with all due respect to my friend, mr. dan kildee, democrats talk a good game but actions do not match the rhetoric. think about this, voted against case law, voted against the criminal alien act, support
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century cities, they voted against the bipartisan budget or the bipartisan agreement on immigration reform and relief for daca at the same time we had border security. we have many many issues that we are able to bring to the floor and pass but without democrat support. therefore, i would lay a lot of this blame on the other side of the aisle where the actions don't match the rhetoric. >> all right, we will have probably nancy pelosi as the next speaker of the house. she talks tough. there is a little similarity, not too much. i don't want to stretch the analogy but with resident trump himself, she talks tough but i know she does a lot of backroom deal making. and she's very good at it. she's been doing it for years and years. do you suspect that once she is a speaker, there will be some kind of deal and what kind of deal do you foresee? >> first of all, let's just be honest.
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she's been too busy trying to secure the votes to be speaker of the house. and not enough time securing our border. and while she may have the votes, it is a thin majority if she does. and she will not cut any deal with republicans on so she has that speakership secure. that is why there wasn't going to be a deal before we swear in the 116th congress. nothing will happen until we get back to washington, electing a speaker and then i expect it would be some kind of a clean cr or she might be limited cut a deal where the threat of speakership may not be present at the time. >> interesting. meanwhile, as you know, there are tragedies happening all over the country as a result. illegal immigrants getting through and doing things like what we saw incalifornia , the killing of this police officer. don't you think that the public pressure is going to mount on democrats to say, we need border security, so far they have not come up with many specifics. the president, like him or not,
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is a very specific proposal for a wall. that is something. we have to do something as a result of what's happening. >> well, you've got it both ways. you've got a couple of kids coming on long trips from mexico that have died under our care. and now you have got the shooting in california, officer singh loses his life to somebody who is i guess, protected by the policies that allow for sanctuary cities. here's a guy with a couple of duis, known gang activity trying to get back to mexico and shoot steady police officer doing his job. this is a manifestation of the lack of secure border and that is what president trump ran on a 2016. it's what house republicans are standing with our president because the american people want a secure border. >> by the way i'm very glad you reference the death of the children as well.
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that just shows that innocents are being brought into this process and dying as a result of all the confusion, all of the backlog that we have down there. again, i don't want to put any blame on anybody in particular but it is an awful situation. very quickly, the oakland california mayor, responsible for giving the sign to illegals that the i.c.e. rate is coming. a number of criminals were released as a result. do you think that she bears any criminal responsibility for what she did? >> i do. any public official, i was a mayor once upon a time so i know the actions of the mayor, of anyone in municipal government or county government, has a bearing on tragic consequences. and i think that people that make those kinds of decisions ought to bear some responsibility for a fact. >> congressman, happy new year to you sir. thank you very much for coming and iappreciate it. >> thank you , happy new year and all of the best to you.
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>> thank you. the last move to save sears from the trash heap of history. 'that's next. g. i don't know either. i'm just the spokesperson. but that's why they're making it simple - so that even actors, like us, can understand it. i'm not an actor. i'd love to tell you more but i only have thirty seconds. so here's a dramatic shot of their tagline so you'll remember it. when insurance is simple, it's surprisingly painless.
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just yet. a group led by the company chairman making a hail mary pass late yesterday to try and save the battered retailer from going out of business for good.
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susan lucci has the very latest. >> the iconic american retailer reallystill on his last leg . a dramatic 11th hour bid friday evening to save chunks of sears, not all of it. but an american icon that some loved for over 100 years. it was once the largest retailer in america. that was up until walmart took over. of course it had the famous catalog. so many americans remember from their childhood, picking out christmas presents. sears also by the restart of the trend of retail delivery. way before amazon did in the last century. as a symbol of his towering glory, sears was the tallest building in the u.s. at one point. in chicago, the sears tower. now a victim of the online shopping times. and suffering sam say at the on of its bad strategies putting in a bid to save over 400 sears
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stores at the 11th hour. hail mary, the largest shareholder, 50,000 jobs will also be saved if it goes through. the company bid over forbing dollars in financing and debt forgiveness to keep sears alive. at its peak there were over 2300 sears and kmart. now just 10 percent of the stores still exist with 80 being closed on friday. sears think this will be for a long time. >> thank you. from sears on the brink to stocks on the brink, are the warning signs that the economy could be on the brink of something bad in 2019? he with answers, chief economist at the milken institute, bill lee. do you see recession jon taffer? >> absolutely not. there is two percent better growth, it's a sign that
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there's economy is pumping on all cylinders. >> why is a stock market freaking out? >> that's a great question. investors are looking for narrative. at the beginning of the year it was corporate america can do no wrong. and it was discounted. use a stock market go up like crazy and innovative companies like amazon, which was the sears of today, it -- every investors looking to disc companies. then the narrative changed. it became much more uncertain. that is where the stock market is, no growth with a bearer narrative. >> by the way we look at gdp growth under donald trump. it is extra narrowly improved from where it was in the obama administration. we have all of this growth but we don't have much inflation. so why is the fed raising rates? >> great question, david. the notion that we have in our heads that the fed i think is on the brake pedal, is a
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mistake. there in a press conference he completely flood the message that they say we are lowering inflation productions beware lowering the interest rate increases. we are delaying the number of increases in yet, what we heard the press conference was that the policy, it was on autopilot and relying on models analysis for that's what they did want to hear so they have to search for around when on earth they are doing in light of the investment narrative going forward. >> and they said it was going the wrong way, right? >> the president was right in the sense we should be concerned the fed is going to tie into much. it is all right that the fed has normalized rates but let's face it, that is not correct. >> there we said it's slow but with donald trump >> will have about 45 seconds but we are getting some news
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from the president. on china. we just got news from china on the president. both of the news is positive that they are working towards a solution, if there is some trade deal in the coming weeks, what happens to the market and the economy then? >> the market will explode because the market is looking for some settlement as to where it will be. it's a great sign. >> if there's a deal, they are great ones for sunny things and then violating. >> absolute. intellectual property and theft is illegal and will prosecute but will they really do it? chinese credibility is on the line and we will put them to the test. >> can we verify it? there's always that trust and verify. >> that is what the negotiators have to set up. and that will be the hardest part. i do not expect that to happen by march. >> bill lee from the milken institute, we always turn to
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for answers we eacan rely on. thank you amfor being here. >> happy new year. >> happy new year to you. we will be right back. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. before we said goodbye we want
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to remind you that "cavuto live" will be back. then right here on fox news channel for your world at 4 pm. also, to toot my own horn a little if i don't, who will? be sure to catch mina show,
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called bulls and bears on fox business network weekdays 5 pm eastern time. on behalf of the entire "cavuto live" team, and they are great! happy new year to everyone! we wish you health, happiness and prosperity in 2019. >> week number two of the partial government shutdown in washington with no signs of a compromise deal for the presidents border wall. we will talk to members of both sides of the aisle including democrat, john garamendi, good to see you sir. >> and at the southern border in arizona, the secretary is meeting. and the handling of migrant children. >> illegal alien in jail today. accused of killing a california police officer. seven others in jail. who police say were trying to help get to mexico.

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