tv Cavuto Live FOX News March 9, 2019 7:00am-9:00am PST
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come on. national meatball day except for friday. ed: come back tomorrow. pete: that's right have a great saturday eat some meatballs and hang out and come back to us on sunday. all right? david: forget springing forward today we're looking back as the bull market turns 10 investors celebrating massive surges in some of america's biggest names, what's behind the run-up and who could it help in a white house run? our business pros are all over the big anniversary, and could a new plan from democrat presidential candidate elizabeth warren bring the bull run down from amazon to google to facebook why she's pitching to break them up? and coaching cowen republicans want to know if that's what staffers of house intel chair adam schiff were doing ahead of michael cohen's testimony. will there be fall-out from it or is there nothing to it? former whitewater independent
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counsel ken starr is on it and then to a new controversy surrounding democrat congresswoman elan omar, what she just said about president obama that may not sit well with her party. all that, and is noco going back to being up to no good? senate arms services committee republican mike rounds is here and so are two very special guests. the american journalist back home after being held captive in venezuela, he tells his incredible story here and only here, and parkland dad andrew po llach, forever on a mission to keep kids safe after his daughter meadow was gunned down in last year's horrific school shooting today he wants us to meet this meadow who just graduated from puppy to protect or, a lot to get to so let's get to it, cavuto live starts right now. a big miss on jobs as the bull
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market turns 10 good morning, everyone. i'm david asman in for neil cavuto, we are breaking down the good and the not so good with fox business network's susan li. hi, susan. hey there, david, yeah what a decade its been, forged through the depths of the global financial crisis the longest bull market in history turns 10 today, and you could thank three rounds of bond buying and a twist as well markets have quadrupled since hitting bottom on march 9, 2009 the dow and s&p 500 both up 300% well the nasdac has outperformed during this period rallying over 400% and yes, it has been a decade of tech with the emergence of facebook, netflix and amazon, so it's not surprising that the best performing stock over the past 10 years, apple, followed up by something a little surprising, boeing also united health and visa all up 1,000% and more, during that period. now this bull market has taken
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place under two presidencies and the gains under obama as you see with the green line, extended by president trump, with his business-friendly tax cuts and also deregulation. president trump: the economy is very very strong, if you look at the stock market over the last few months its been great, and certainly since my election its up getting close to 50% the stock market so we're obviously very happy with that. >> but you see bull markets don't usually lack 10 years and the sharp drop in december shows there are investor concerns questioning when the good times will end. february's disappointing jobs report really didn't help as a slowdown in the rest of the world might be starting to weigh on the u.s. , so two important things to watch for this year, for the markets at least, interest rates which affects pretty much every aspect of the u.s. economy and trade talks between the world tosses two largest economies china and the u.s. david? david: thank you very much
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susan shows joining the panel president trump touting soaring stocks under his watch but democrats say it started under barack obama's watch so who gets the credit for the bull market and can it keep going here to discuss benchmark investments managing partner kevin kelly, wealth management president rebecca walser, forbes media editor in chief steve forbes and susan li is back with us. she's right here as well. so, steve whose bull market is it anyway? >> it's everyone's bull market. it began in march of 2009 when the regulators got off the back of the banks in terms of forcing them to artificially markdown their capital, companies have gotten their acts together and then the last two years, deregulation and tax cuts have really given it a boost. david: well rebecca the great thing we've had in the past couple of years is that it's based on real economic growth so often during the obama era, we would get some lousy economic stats but the market would keep going up because of other thins that were happening. >> yeah, i would give that
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credit to the fed and monetary policy and qe 1, 2 and 3 but also if you look at obama over his eight years we had average gdp of 1.5% last year we had 1.6 and when trump came into office his first budget hit 2.3 and he hit 2.3 so i think there's a very clear dichotomy of obama versus president trump real bull market coming on strong with president trump. david: kevin who gets credit? >> i actually think the fed gets credit they went into the market and artificially suppress ed interest rates so people went into riskier assets so if we look at what, how you grow an economy, there's two levers you pull, monetary policy and fiscal policy, and so you saw monetary policy during barack obama's administration and then you saw fiscal policy during president trump's and so the fed is really dictating the market as going forward because we saw him capitulate six weeks after they raised rates in december and that's why you've seen the recovery in the market
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and so we're in a fragile economy right now that needs more fiscal policy to guide us going forward to continue to grow. david: well it's true that there are some questions about what's happening, susan, with the economy yesterday we got a big question in terms of why the jobs growth rate was so low compared to expectations we were expecting 180,000 new jobs we only got 20,000 new jobs; however the market ended up kind of flat. it wasn't, it didn't really sink as a result of this. >> well wage growth was pretty good, the wage gains that we've seen in 10 years, so that means americans still have money in their wallets and this might be a sign of the stretching of this bull market run, because are we at full employment? are there that many more jobs to add at this point? i think there are some positives to takeaway but yes there are some concerns as well. david: and steve we've got to remember during the obama, i'm glad that the market went up under under the obama administration however it was the slowest recovery since the great depression. we haven't had a recovery from a
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recession it was a bad recession in 2008-2009 but it could, it didn't have to be such a slow recovery, because the president at that time raised tax rates, he increased the number of regulations and that slowed business growth, right? >> it did indeed and one of the things to remember is the big chunk of the stock market bull market was financial engineering , companies buying in stock, borrowing and buying in stock, and the number of listed companies, half of what it was a generation ago, so big companies did well, but if you look until recently smaller companies which is really the juice for this economy, provides two-thirds of the new job, formation was one of the most awful periods in american history, starting to recover, so this was big company bull market, but for the economy until recently not so good. david: and rebecca it took the market three years to recover to get back to levels before the recession, when president obama was in power. the day after president trump was elected the market began to
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take off and it went up 7,000 points in a year, so it's clear the business community took the election of president trump as a huge positive for the economy. >> i call it the trump bug. it was funny i was watching the election returns on fox business and the futures were diving because they had priced in hillary winning and they weren't sure okay what is this guy going to do and then all of a sudden when they started looking at it they started going back up and the very next day obviously it's huge. obviously president trump i think has been an amazing this is the president we needed for this economy at this time in history. >> carl icahn went home to start trading, and he was like wow, well this is business friendly. i can start buying some companies. david: well there is one thing that is not necessarily business friendly that's the trade policies a lot of folks in business are complaining about the tariffs, complaining that it's costing u.s. consumers and u.s. businesses, on the other hand, you've got a strong economy, you've got a strong market, doesn't that help us with the trade talks that we're
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having with china right now? >> well the problem the trade talks is we're actually having negotiations with a lot of allies and they're not pleas ed with this administration especially with the negotiating tactics that have taken place, you know, when we look at canada , when we look at europe but i think the important thing when we actually dissect what's happening in the market, the non -cyclicals and the defenses are doing belter. utilities did exceptionally well last week. if we look at real estate investment trust, they're outperforming the market this year so everyone's worried about the slowing economy and getting more defensive because of trade and tariffs. david: but steve staying with the trade talks themselves the fact that we have such a strong economy and that the chinese economy has been very weak their stock markets been decimated, it's kind of it gives us a position of arguing from strength doesn't it? >> it's the economy but i think we could of gotten things we needed from china in terms of abuses by doing what we're final ly doing now going after specific individuals, companies, banks, sanctioning them, zte a few months ago, trump spared
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them. david: the telecom company from china. >> he could have put them out of business but denying them parts from qualcomm and others so that's how you get their attention not putting tariffs on each other. tariffs are sales taxes, and that's what is overhanging the market. if you could have all these trade disputes, and one is coming up on autos, where we're threatening to put tariffs on every auto part and every automobile around the world, called section 232 if you want to impress people at a cocktail party. >> [laughter] >> and but if you could just clear those out of the way, you'd see the market go up another 15-20%. david: susan very quickly what's the latest on the trade talks? are we making real progress because you keep getting mixed reports. >> yeah, well yesterday we've been hearing that it looks like the chinese have not penciled in this meeting, face to face with president trump between chinese president xi and i think in this trade dispute right now the question is about pain tolerance , how long does china have because they are going through a world of pain. david: this panel is so good we got to do it again next hour
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what do you say? >> more coffee. we get time and a half? david: yeah, yeah, yeah. >> i'm going to read about section 232. david: well the democrats coach michael cohen before his public testimony and did he just get caught in yet another lie to congress, former whitewater independent counsel ken starr is next. sir, you're a broker. what do you charge for online equity trades? ♪ ah, i'll look into it. [phone ringing] [beep] lisa jones! hey carl, what are you charging me for online equity trades? [nervous laughter] and do i get my fees back if i'm not happy? like a satisfaction guarantee? ugh...schwab! oh right, i'm calling schwab. thanks, carl! wait, lisa! lisa?!... are you getting low costs backed by a satisfaction guarantee? if not, talk to schwab. a modern approach to wealth management.
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david: michael cohen under scrutiny for meeting with house intel committee chair adam schiff's staff ahead of his public testimony and for possibly lying to congress again fox news correspondent jillian turner has details. hi jillian. >> good morning, david so fox news was first to report yesterday that democratic staff from the house intelligence committee met with michael cohen four times for a total of over 10 hours prior to his public testimony last week, though it's somewhat customary for committee staff to meet with witnesses prior to hearings, republican members of house intel
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immediately took issue with this news. mike turner blasting chairman adam schiff in a letter. he wrote, this level of coaching of a witness is highly unprofessional and inappropriate , and any claim to the contrary is complete nonsense. to the chairman schiff, likes to say according to another republican member, that it's common for these things to happen and he does not believe it to be true. defending the pre-hearing prep sessions schiff fired back, " despite this professed outrage by republicans, it's a completely appropriate to conduct proper sessions and allow witnesses to review their prior testimony before the committee interviews them. such sessions are a routine part of every serious investigation around the country including congressional investigations." now, sources told fox news these meetings with cohen covered a
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wide array of topics, including the "national enquirer's" catch and kill policy that covered up president's affair with porn star stormy daniels. the owner of that publication david pecker and even president trump's alleged valuation of his own assets in official documents. michael cohen's attorney said not so. he insisted yesterday the meetings between house intel staff and cohen focused very narrowly on the line by line text of testimony he had submitted to the house intelligence committee in 2017. david back to you. david: jillian thank you very much. well from pardoning pressure to allegations of private coming, could all of this signal more legal trouble for michael cohen? here to discuss it is former whitewater independent council a memoire of the clinton investigation judge ken starr joins us now so judge first of all what do you think of the congressional witness who keeps lying apparently in front of congress? >> a very bad practice. people go to jail for that sort
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of thing. david: but i mean what kind of a witness as a prosecutor, if you bring up a witness who continues to lie, doesn't that mean that part of your evidentiary case has fallen apart? >> it certainly affects credibility. credibility is all-important in life but also in this kind of situation. for congress to for the house of representatives to michael cohen means that his credibility is so terribly important and i think what has happened with these 10 hours which seems to me like a lot, the chairman says well, this is just the kind of practice that we typically engage in. well i think we need to know that. is that really true and also if it really is fact finding, why isn't the republican staff there as well? if you really are after the truth, then the appearances become all the more important
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that we are on a quest for truth , not to score partisan points which is what a lot of what's going on appears to be about the 2020 election. david: well you have several, what's confusing i think to a lot of folks is the fact that you have so many investigations going on. you have some republican investigations, you have a lot of democrat investigations now since they won the house, you have these separate tracks, but let's focus on mueller for once. your investigation as a special counsel led to an impeachment. will this one lead to an impeachment as well do you think the mueller investigation? >> well it's unlikely if we go back to why did we hire robert mueller? why was he appointed back in may of 2017, and when we go back to that appointing document by rod rosenstein, what we see is to investigate collusion and then also looking at the testimony of
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james comey from march of 2017, and what that tells us is this should be all about collusion. now since that time, let's leave the paul manafort prosecution aside. david what we've seen are these two major indictments about a year ago, against russian individuals and russian organizations. not only is there not one word about collusion in this very detailed indictments but when you read about it and then reflect on those indictments there are sort of contraindications the russians had this operation there's no question about that. it was lavishly financed. it was also very vicious, and the very same day on the very same day, these operatives financed a pro-trump rally and an anti-trump rally in new york. that tells you a lot doesn't it? now are you going to be colluding with someone while you're holding an anti-trump rally? not one word in those indictments goes to collusion, so in light of that, i think what was found along the way was paul manafort's crimes and so those were prosecuted, but i
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think what we're likely to hear is that there's no substantial evidence of actual crimes in connection with the campaign. david: well if in fact robert mueller's charge was to specifically look at russian interference in our election wouldn't it be fair to look at what the democrats were doing as well because certainly there were a lot of contacts between the clinton campaign and organizations like fusion gps, which relied on a lot of russian interference in their attacks on donald trump. >> well, all these things should be looked into you're absolutely right . the question is who should be the cop on the beat? robert mueller was appointed because of the implications whether they were well founded or not, against the president of the united states, in terms of the democrats, yes. the justice department, the united states attorney's office should investigate credible claims of wrongdoing. david: now your investigation veered away from whitewater which was your initial charge i think it was the justice department that asked you to investigate monica lewinsky and that whole thing you regretted having done that, but mr.
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mueller's investigation has strayed a lot as well, a lot of what michael cohen is charged with has nothing to do with his initial charge. do you think he strayed too far, quickly? >> i don't know that he's actually strayed in fact i would object to your premise. we had add-ons and it may very well be that what we don't know david schweikert is had he had additional things added to his plate because he's an officer of the justice department. i had things added to my plate and the same may be true with robert mueller. david: very quickly if it wasn't for monica lewinsky would you have indicted hillary clinton? >> i discussed this in the book we simply did not have enough evidence, admissible evidence, to bring that prosecution, but we did have a draft indictment, it was elaborate and supported by prosecution memo and we said we don't have enough evidence, susan mcdougal was unwilling to testify. strategy judge ken starr good to see you thank you very much, sir before they vote on the national
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emergency over the border wall several senate republicans asking the white house, where the moneys coming from, a key player in that debate, senator steve danes joins us next. after months of wearing only a tiger costume, we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪ so even when she outgrows her costume, we'll never outgrow the memory of our adventure together.
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and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. david: the white house releasing new stats this week showing illegal border crossings are soaring, and saying that's why it's a true national emergency. but some republican senators want to know exactly where the money for the wall is going to come from, to senator appropriations committee member steve dane. good to see you senator. thank you for joining us do you have an answer to that, do you know where appropriations for the wall will be coming from?
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>> well, david, i can tell you as a member of the appropriations committee but importantly as a senator from montana, we have a national crisis. we need to see more members of congress spending time on the southern border. i was down the southern border from 2:30 a.m. until 8:00 a.m. a month ago shoulder to shoulder with our border patrol, saw first-hand the flood of illegal immigrants coming across that rio grande valley sector right near mcallen, texas but the issue for montana is the illegal drugs. the meth is killing us in this state literally, corner to corner in our state it's breaking apart families, our communities and in fact, our meth seizures in montana doubled by our u.s. marshall two times year-over-year. this is a crisis and that is what i support president trump and what he's trying to do here to secure the southern border. david: by the way we're seeing on the right side of the screen
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is video from your trip to the border so we're getting a look at what you saw and what we all saw this week were some really bothersome, worrisome reports, the wall street journal had a big piece on exactly how there's been an explosion of immigrant families being detained at the border. there's one quote from a border patrol official saying the system is well beyond capacity, remains at the breaking point. i mean, it is clear that there is an emergency at the border; however, a lot of your fellows in the appropriations committee including the chair richard shelby, is concerned that wall funding, despite the emergency at the border, is going to be taking away from some of the military projects in their own state. can you reassure them somehow that that won't happen? >> well look, we need to be able to do both things at once. as a member of the appropriations committee we will set aside a new set of
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appropriations beginning octobe. we need to do both. this shouldn't be an either/or discussion. we can do both. we may have to lay some timing on parts of the funding but we can do and we must do both. as you saw the report that came out of the homeland security department, 7 6,000 illegals were captured in february. this is spinning out of control. what's happening though is as these illegals are flooding across-the-boarder 85% of those apprehensions occur between the ports of entry, not at the ports of entry, but what's happening with all the resources having to focus on these illegals flooding across our southern border it's leaving these mexican cartels the ability to flood us with illegal drugs, and it's methamphetamines that's destroy ing parts of our state here in montana. i was at a treatment center in montana just two weeks ago. these are moms now addicted to meth with children. it's the number one cause of addiction for moms is no longer alcohol. it's meth. david: unbelievable.
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>> this mecklenburg cartel meth is 95% potent. ten years ago it was homegrown laboratory mets about 25% potent so it's much more dangerous much more addictive so it's lower in price now because these mexican cartels we need to stay focused on this crisis, the president is exactly right in what he's doing here to keep our country safe. david: well and, you know, they say listen to the experts and the people on the border are saying exactly that. i mean, not only do they have the stats but they have the stories of the border officials just beyond their means. we are stretched beyond the point at which we can control the border and that's what's really frightening, and it is an emergency and we do need something, a lot of americans want the wall in addition to some other means of securing the border; however what do you say to those senators who are concerned that you may be robbing from peter to pay paul, because there's only so much money to go around that has been appropriated. will some money be taken from
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state projects, military project s, that are of great concern to the citizens of those states? >> so we're actively engaged with the white house to look for what projects could be at risk, but here is a reality. we're already six months into the fiscal year, so we're half way through the year, because the federal fiscal year begins on october 1, so much of these dollars are already appropriated to support these projects for military construction. so we're working with the white house to ensure we can protect the most important projects as well as deliver on this national emergency. these illegal immigrants in fact the rio grande valley sector just last week, just last week, captured 7,000 of that short 277 -mile sector that i was on with the border patrol agents and those agents will tell you to a man and to a woman as we spent the night with brave men and women who are doing a great job down there they said we need a physical barrier.
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yes we need more boots on the ground and more technology but they said without a physical barrier, we can't get the job done, and when we have put physical barriers in place, we see 95% reductions, so when you looked at the totality of the cost to this country as it relates to what drugs are doing and relates to violent crime increases because of these drugs , what the illegal immigrants do in terms of our systems and our country there's a great return on investment to invest in securing that southern border. david: senator shelby quickly wants a list of the projects from which money will be taken for building the wall before the senate votes on the emergency measure of the president. do you think a list like that can be provided before the vote? >> well a list would be helpful , because we also have to protect these very important missions of military construction. one of the president's most important responsibilities is to provide for the national defense and so he understands that, and so we can get to about
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$4 billion quite easily at the moment. david: senator i'm sorry we've got to break it. thank you very much for being here, best of luck to you i appreciate it. we'll be right back. this is loma linda, a place with one of the highest life expectancies in the country. you see so many people walking around here in their hundreds. so how do you stay financially well for all those extra years? well, you have to start planning as early as possible. we all need to plan, for 18 years or more, of retirement. i don't have a whole lot saved up, but i'm working on it now. i will do whatever i need to do. plan your financial life with prudential. bring your challenges.
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haystack worth, former democrat congressional press secretary rochelle richie and trump 2020 advisory board member jenna ellis. good to see you all ladies so na n, we know that president obama had the slowest recovery since the great depression. he raised taxes, increased regulation, a lot of people said it was the wrong thing; however the reboot, of the market beg w. he won in 2012 re-election, partly as a result of what the market was doing, so is the same thing going to happen for the re-election of donald trump? >> well i think obviously, a continued bull market will help president trump but i think we have reasons to anticipate that it will continue. when we think about the obama bull market, a lot of its energy was derived from the fact that interest rates, the fed started quantitative easing, it's effectively keeping interest rates incredibly low, so there was no place to go but the markets basically and that certainly helped the markets. president trump was given runway
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by the fact that the economic recovery such as it was was so strong under president obama. that gave him an opportunity to with deregulation and taxes really help the economy grow. that does help markets, and in addition, the fed it has now decided, you know, jerome powell has decided that he did be a little more doveish about interest rate hikes right now. that's a positive for the market and i think that will help president trump deregulation and tax cuts are growing the economy , good for the economy good for the markets. david: jerome powell by the way is the head of the federal reserve they are the ones that set the base interest rate that leads other interest rates to go up or down. rochelle the day after the president trump was elected president, the market began to go up and its been going up ever since, kind of stalled at around 25,000 on the dow, but it went up 7,000 points, right after he was elected. there does seem to be a connection between the economic policy or at least the opinion of the business community and the investment community about
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his benefits for the economy. can he use that to win re-election? >> well you know look, i think that the economy is obviously going to be a strong talking point for donald trump and for the republicans in general. i mean we can't ignore the fact that it looks really good when you look at the unemployment rate, when you look at job growth things look really great but i think that's going to be a strong talking point for the republicans. what the democrats i see doing is countering that with the fact of his tax plan and how that has affected americans. when you look at the tax plan you have 49% in a poll right before the mid-term elections that his tax plan has not had any sort of financial benefit to them, so i think that democrats are going to run on the entirety of looking at the tax cuts saying this did not help you, he's cutting taxes to billionaires and millionaires and i think they are going to turn it back over and focusing on healthcare because right before the mid-term elections healthcare trumped, no pun intended but healthcare trumped the economy which normal ly does not happen so i think it was about 41% of people
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said healthcare was the biggest things so republicans are focused on the economy, democrat s are focused. david: jenna, do you think the republicans could have done more in the last election to make the connection between the booming economy, this extraordinary jobs number that we have which is first time in my life, where you've had more jobs available than people looking for jobs, they didn't make that connection strong enough between the tax cuts and the affect it had on the economy wouldn't you agree with that? >> yeah and i think the gop really needs to hit that very strongly and i think that president trump definitely did and he came out very strong. he's talked about that quite a bit and i think what republicans need to do in 2020 specifically is to point out how progressive and socialistic the democratic agenda genuinely is and talk about that conservatism and the founding principles of america are genuinely capitalism that we're talking about the economy, we don't want single payer healthcare, we want options, we want everything that's in the best interest of families of the individual and to make our own
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choices and not have big government in washington making those decisions and so drawing not only the connection of everything that president trump has done that's been in the benefit of every american whether or not they voted for him, but also how his continued policies and conservatism generally not only is constitutional but absolutely in the benefit of americans. david: but nan, it's a little early to be outlining a counter attack to democrats when democrats i don't think have settled on what their economic policy is. how far to the left it'll be. >> very true, but they are running a great risk. they do seem largely to be stampeding to the left and it'll be interesting to see what happens when vice president biden likely joins the race, because then, the aura of the obama era and of course his relative centrism will attract a lot of democrat and rochelle's point about healthcare is well taken and the republicans do, je nna's as well the republicans do have to speaking as a doctor, emphasize over and over again and do it now, how important it
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is that what they offer for healthcare, they will be protecting patients with preexisting conditions, they will be offering americans more affordable care, and give them quality and choice, that's crucial. david: rochelle i know you tend to be with the moderate wing of the democrat party. >> yes. david: and it must concern you that so many of the people who dover towards socialism in the democratic party are kind of leading the charge these days. when do you think you'd begin to see some of that pull back, by somebody like biden? >> you know i don't really know if they're leading the charge or just really leading the headlines because of the things that they say are so, you know, out of the norm of what we're used to hearing, so i really think that when you hear ocasio-cortez and others i think they're leading the headlines but i don't think they're leading the party at all. >> but you do have some like nancy pelosi whose come out and is actually backing someone like representative omar, just making kind of excuses so you have the acknowledge acknowledgment of the democratic party.
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>> but they also support the resolution though. >> however but it didn't specifically call her out. david: we're talking more about that coming up. >> but that's the democratic party. i like the idea of biden coming in. i think that is going to bring us back a little bit more to the middle and i've said this already ever already right before we came is that i believe biden is a winning ticket. david: ladies thank you very much well fresh off her controversial comments about israel, democratic congresswoman elan omar is stirring up her new controversy about former remarks about president obama and the u.s. journalist detained in venezuela is now safely back in the united states and he is speaking to us and only us, that's next. i can't believe it. that we're playing "four on four" with a barbershop quartet? [quartet singing] bum bum bum bum... pass the ball... pass the rock.. ...we're open just pass the ball! no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. yea.
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david: as more protests break out in venezuela, today the u.s. journalist who was detained by the venezuelan government is finally back home in florida. cody wettle, we appreciate you being here thank you for joining us this is an exclusive interview so we appreciate that. cody tell us how the arrest went
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down and what happened afterward s? >> well it was wednesday morning, it was about 6:30 in the morning, i was still asleep, and my door bell rang, i actually thought it was the water man delivering water we get regular bottles of water there, and i opened the door, because i thought it was him, and i have a gate and also a door, so i'd opened the door but the gate was still shut and when i opened that door, i saw three armed men, they had rifles, they had handguns and then there was also a woman there as well and they gave me an order and that order said that i was under investigation for espionage for extracting military equipment and also for treason to venezuela and they ended up raiding my apartment. david: now you have been there since 2014 covering the events for news organizations. i mean, is there anything that you think triggered the arrest?
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what was responsible for it or did they tell you? >> they didn't tell me specifically, but it started to become clear once i was taken to their headquarters these were military counter counterintelligence officials and i was later taken to their headquarters and held for many hours most of the time i had a ski mask over my head and was just in a room by myself and when they started to interrogate me it started to become clear they were interested in some reporting i had done about the current state of venezuela security forces, of course right now, we have an unprecedented political situation there where we have one president, we have two presidents basically and one is trying to convince the armed forces to deflect against the other and not support him and i did reporting that showed the rank and file members of venezuela security forces are suffering the effects of this economic crisis of the humanitarian crisis, they are paid measley salaries and i
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spoke to a few members at least of the security forces, anonymously and they all said that the rank-and-file are ready to see change in the country but that they can rise up in any way because the top generals remain with maduro and there is intense surveillance by people like these counterintelligence services so they started asking the context i had in the military, contacts i had with all types of security forces so i think, although they never said it explicitly, i think that was perhaps the reason this all happened. david: did they want specific names and did you give those names to them? >> they did want specific names of people i'd interviewed. i didn't give any names. david: good for you. >> i didn't have those names memorized, so so i didn't hand over any information that would have compromised that and didn't reveal any information that they didn't get from my phone. they went through all of the contents of my phone, my
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computer, but i didn't give them extra information, no. david: god bless you i'm sure their families are very appreciative of you not giving them names. now, there's been a lot of talk about cuban infiltration and the security forces of venezuela. we know the relationship with cuba, cuba's communist government and venezuela socialistic government has been strong ever since chavez and before. did you see any indication that there were cubans involved in your detention? >> well that was one of the first questions i got when i arrived at the miami airport were the accents that i heard of the people arrested me were they cuban or venezuelan, and i heard only venezuelan accents, i didn't run into any cubans there or hear any cuban accents and where i was arrested, but certainly that we know that cuba has been involved in the security especially of president
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murder maduro, but it's something that is very vague and we don't have a lot of information about that or to what extent that exists in the country. david: cody we only have about 30 seconds left, but the country has 2 million% inflation right now it's just hard to imagine i've never known a government survive in hyperinflation like that how long do you think the maduro government can last? >> well it's hard to tell he survived intense protest in 201s different especially with u.s. sanctions on the oil sector , that will be huge and it will have a huge impact on what he can do and the economy but i think a transition is probably coming. it's hard to tell, but this is an unprecedented situation there for president maduro and it's really hard to see how he hangs on for much longer, so i would expect something at least to happen within the next year or few months. david: well we're very happy that you weren't harmed by this
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experience. you seem in fine shape, so we're glad that you'll be on to your next venture, thank you for joining us cody appreciate it. >> okay thanks for having me. david: meanwhile the latest on the tornadoes all over the country, next. i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement.
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today. sixteen next 12 inches of snow across minnesota into parts of the dakotas and in towards wisconsin, as well. it is the southern side of this. the colder there and no warmer air across the south and severe storms cutting across arkansas. these are strong thunderstorms with strong winds. a lots of lightning. as the day goes on and goes to the east we will see a threat for more significant severe weather including tornadoes. where you see these hatch marks is where we see the threat for a potentially large tornado or - that can be long-lasting. that is what we saw last weekend in lee county, alabama. tomorrow, the tornado threat moves to the south. this is where there tornadoes were last week. the threat is much diminished tomorrow. i do not think will be seen tornadoes, however, if you're there without electricity and doing cleanup, a strong line storms will move through. one last thing, the southeast has been flooded over the last month or so.
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more rain coming this week. almost everybody getting in some precipitation except for one spot there near florida. that's going to be the one spot we will see an increasing drought over the next week. >> this is a selfish question, is it going to warm up at all in the northeast? >> a little bit. better than last week. spring is not coming just yet. >> that is a long way away. rick, thank you very much. i appreciate it. with the dow celebrating its ten year bull market anniversary today is the day. someone said the new plans from progressive can end the bull run as we know it. a new program using guard dogs to stop school shooters. meet the people and one of the dogs behind it. that is coming up. we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪
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there, as well? if you're really after the truth, then the appearances become important that we are on a quest for truth, not to score partisan points, which is a lot of what is going on appears to be. >> that is what former whitewater independent counsel, can start things. what does the white house think about michael cohen leading with democrat adam schiff staff. were in the d.c. bureau with the latest. >> house republicans has a lot of information whether they announced coaching a witness. there the first to say that his staff travel to new york at least four times to meet with michael quan before his public testimony. he met with him for more than ten hours to discuss his testimony. two sources familiar with the matter said that the staff discussed a wide range of tactics including the catch and kill policy, american ceo, david pecker, and the alleged
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undervaluing of the trump's assets, all of which were raised by the democrats during michael quan's public testimony. they sent the legal team a letter demanding details about the democratic staff information before the meeting. they need to understand whether they were watching well rehearsed theater or witness testimony. a spokesman defended the meetings telling fox news, despite this outrage by republicans, it is completely appropriate to conduct proper sessions and allow witnesses to review the testimony before the committee interviews them. those sessions are a routine part of every series investigation around the country, including those conducted by congress. a source also tells fox news that chairman adam shift pledged to release the full transcript of the eight hour testimony, without providing details they said it will vindicate cohen and implicate others.
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>> thank you. among this, some democrats renew calls to impeach president trump, regardless of what the mueller investigation concludes. >> this last election was a calling. we saw a record turnout in an election year where people wanted to elect the jury. it would begin the impeachment proceedings. >> and on for president can be impeached for those misdeeds that corrupt and harm society. >> i stand where he stood 659 days ago. i will continue to stand, until this president is removed from office. >> former whitewater independent counsel, robert ray, joins us now. good to see you. it doesn't take all of that much to impeach a president. just a majority vote in the house. they could essentially do it tomorrow. you don't have to necessarily have an indictable offense to do it, do you? >> not necessarily. it is a political act, which is
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the democrats call for impeachment. notice their position is changing. the leadership is awaiting the mueller report and would decide on whether or not to institute proceedings based upon what bob mueller's investigation finds. now in regard to many of the members supposedly neutral. but, actually newly elected and on the impeachment bandwagon, essentially say now. it doesn't matter what bob mueller fines. we think it's appropriate to proceed further. this was an inevitable consequence of what happened. we will wait and see what the future will bring. i do think we are in a situation where it is a little bit of a question out in the house of representatives on the democrat side, who is running the show here? leadership or the inmates running the asylum? of the newly elected members going to push the party inevitably towards impeachment? >> every day we think we get
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information, we are news organizations in here a lot of things from a lot of people. yesterday was one of those days we thought the mueller report was coming up. but, it seems like the democrats have gotten enough information about somebody from the mueller investigation to clue them in to the fact that there is not going to be an impeachable offense listed in the report. >> i think that is right. i don't know all of the information that has been uncovered in developed during the investigative stage of this two-year period. what i do know from what i have seen publicly, if anyone seriously thinks there is an impeachable offense as a result of removing the fbi director, i think they are dreaming. i think many people, legal commentators including the attorney general have made apparent that is not a sufficient grounds for an impeachment. second, although michael cohen admits to campaign finance
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violations. he is and was the president's lawyer with regard to that. the president already signaled he has a perfectly valid advice of counsel defense. i relied on my lawyer to provide me advice with regard to following the campaign finance laws. that's why i have him in place to do these things lawfully. so he is essentially signaled, i hired a bad lawyer. >> he seems to be proving it in public testimony. contradicting himself on several key points, particularly on the point of a pardon. >> on the dangling of a pardon issue, i don't know what kind of daylight he was trying to find between what his position is through his lawyers and what is position was before the united states congress. it doesn't appear to be a valid justification or excuse for why his testimony did not accurately report the fact that he was in fact, through counsel, by his own acknowledgment now, seeking a pardon from the president's lawyers. if that is the case, then what
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he testified to in the congress really is problematic. there may be some explanation i have not thought of, yet. if it's out there is not apparent to me at the moment. that gets back to the basic question. the democrats have decided to own this witness. this is their first and best foot forward. they are dealing with someone who obviously, to say the least, has credibility problems. now what we find out is what ken starr mentioned in the clip you just ran, there is a question about fairness. i'm not questioning the fact that is appropriate for members of congress to have sessions with the witness before hand to prep the witness, what i am questioning and what ken starr question is that should be a bipartisan function were both sides get the opportunity to find out information. not a one-sided process. >> apparently it went on for seven hours where they were coaching what would be there witness. even with all of the coaching, he came out with information that on the one hand was
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contradictory to other stuff he said of under oath. on the other hand, was not pushing their costs and there was no collusion. >> this is why prosecutors in general with regard to prosecution are so careful about cooperating witnesses, particularly cooperating witnesses would have a credibility issue and a truthfulness issue. >> it is not just the this witness. there are so many witnesses that we have seen brought forth from the democrats who have had credibility problems. if michael cohen is the best i have, what does that say about the others? do you think they will continue to rollout these incredible witnesses for their investigation? >> we have seen it in connection with this week's events with the sentencing of paul manafort. the council came to the conclusion that he cannot be trusted and could not be provided the truth. that leaves you again, here's the witness you are providing
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pressure to an unrelated crimes to gain the witnesses cooperation and that witness is not being cooperative and truthful. >> what about the southern district of new york? the one thing that cohen did say was the suggestion that he is cooperating witness in the southern district investigation. >> i hear that and i'm concerned for a number of reasons. if people really think the southern district of new york investigation is going to continue as sort of the stocking force for the perpetuation of the mueller investigation, i think that is unrealistic. i think there are legitimate constitutional concerns about a u.s. attorney's office wandering off in investigating the president's pre-presidential finances. i think there is time for that to occur, and it can occur after the president's office. i don't think the statute of limitations is a bar to a successful investigation, if there really is something there.
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but, to conduct that in the middle of an administration with prepresidential conduct, i think it raises serious constitutional questions. it may have to be reined in by the department of justice in washington. >> any guesses on when the robert mueller's investigation will conclude? >> my onlysignal is, that i understood from deputy attorney general, rod rosenstein plan to leave in mid-march. he would only do so once he was secure in the knowledge that the mueller report had been delivered to the justice department. that was probably an estimation on his part. mid-march is next friday. my guess is, we may see it sometime next week. again, we have been wrong before. it is only a guess. my hope is that this would conclude within the first quarter of 2019 because i think it is in the best interest of the country that it do so. we are already in an election
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cycle. he would be beneficial to have those findings and proceed along with the election cycle. >> robert ray, good to see you. wall street and main street at both excited about the bull market turning ten today. could planes from progressive lawmakers and the longest bull run in history? investor satisfn with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management.
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>> with the dow and s&p 500 celebrating their ten year anniversary bull run today. somebody worrying it might and thanks to congresswoman, alexandria ocasio-cortez and several of the democrats calling for a wall street tax. in 2020 presidential candidate elizabeth warren called for a break up a big tech companies that helped lead the bull run. we have susan lee, michelle ritchie, rebecca and steve forbes. first of all, i don't know if you know who willie sutton was. willie sutton was a bank robber
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and he was asked, why rob banks? and he said, that's where the money is. i think that's why they're taxing wall street. >> is very anti- american. this country is based on innovation, it is based on financing and markets. if you're going to tax every stock and derivative and bond trade, you know who that hurts at the end of the day? it hurts average americans. most of our 401k's and pension funds are what is going on into the market funds that draws liquidity day in and day out. >> michelle, the wealthy people who democrats want to tax more and squeeze more are already paid more than an normal amount of their percentage of income in taxes. even democrat governor cuomo is not known as a conservative set a couple of weeks ago he talked a lot about taxing the wealthy too much. saying, we need these people in the state to pay the bills. our people shooting themselves in the foot? >> he is right.
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i will be the first to say that i am not big on taxing the wealthy. >> more than they already are. >> more than they already are. i think democrats need to focus on programs that put people on a path to generational wealth instead of putting people on a path to generational poverty. that is the issue i have when were going to tax. you can't tax your way out of the economic crisis that middle americans were lower americans have. you have to find a way to put these people on a path to where they don't need the social programs. seems taxes are way to keep funding those same issues. >> on the other hand, steve, there are some poster children in terms of wanting to tax the rich, and rich companies in particular. amazon is the number one because they do not pay any corporate tax. some people would say that's because there's so many deductions that people take advantage of. you just get rid of all of those special deductions and deals, had a flat tax at a lower rate,
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that's the solution. i suspect you have heard of this before. >> i'm going to look it up now. >> this is mr. flat tax, by the way. >> i think the whole thing, if you make it, you pay it is something we should adhere to. just one statistic, the top 1% of earners in this country when they have 70% tax rate paid 18% of federal income taxes, now it's about half that. the top pay 40% of income taxes. if you want to tax the rich, simplify the code, lower the rates, and with the prosperity, they pay more when they don't spend time trying to hide it. david: rebecca, it is simpler. we all want a simpler tax form. the one part of the tax deal that did not come through. at first they said it was going to be a simplified tax code, it's not that much simpler. many people are wondering how to fill out the forms before april 15. what about going to steve's measure. steve has been touting a flat
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tax for decades, why doesn't the republican party get behind it? >> people will say it's because they have corporate welfare and their crony capitalists. i disagree. i wanted to point out on tax fraud, if we look at the left there also talking about denmark. let me give you an example. denmark, norway and sweden if you make 60000 u.s. dollars you paid 60% to the federal government of denmark. so, let's be clear what were talking about tax policy and socialism which is what medicare for all in these programs are going for, 44% of our country paid no federal income tax. if you're making 60000 under trump's tax payment you are hardly paying at all. you are less than 12% effective rate. let's put the denmark system in and were all paid 60% at 60000. >> and then there's the hidden taxes with the value-added tax.
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if anybody has gone to london over the past couple years you realize you're paying twice as much for everything then you are in manhattan. >> i have lived in london for a while. >> the only way they can pay for this is socialized medicine. >> it's 55% income tax. that hurt me. if you're going to pay for healthcare, you want to pay for the best system and that's what you have here in the u.s. in this private health care system you can be waiting for a while. doctors have a lot of appointment and people to see. it's not the best system and by the way, more than half of the income goes to the government. >> democrat leaders defending an antihate resolution that does not call out freshman congresswoman elon omar. they spark the calls for it and president trump speaking out about new images showing north korea might be added again. senate armed service community member tells us what the u.s.
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customize each line by paying for data by the gig or get unlimited. and now get $250 back when you buy a new samsung galaxy. click, call, or visit a store today. >> president trump saying he is disappointed in north korea after satellite images show no activity at a missile site. senate armed service committee member, mike rounds is not surprise. why are you not surprised? >> north korea requires, in order to maintain the regime, they believe that they have to have nuclear capability. david: okay. were having a little difficulty with your signal right now. if you can still hear me, my question is, i'm sorry for interrupting. we are breaking in and out of your fee. i would like to ask you, would
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kim, the head of north korea, the dictator, would he be free to do this without approval of the chinese government? >> i don't believe so. i think china has to decide that it is in their interest that north korea eliminate their nuclear weapons. i do not think they are there yet. i think they're playing the game. i think we are in trade negotiations and that they will use their position between north korea and the united states to barter for better trade positions. at the same time recognize that they could very well help us in our negotiations with north korea. north korea is not doing anything without permission from china. >> if that's true, if in fact they are playing north korea to help them in the trade negotiations, do you think they played a role in kim strategy with trump in vietnam? >> good question. once again, i think north korea
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made an offer. i think the president, to his credit, set i will walk away from a bad deal. i think that is what you saw. i think they made a demand and the president said, i am not in the business of excepting bad deals. the fact that he told them no, may very well strengthen our hand in the future. david: clearly what we plan to do in order to hit back for their refusal to negotiate in good faith, is ratchet up the maximum pressure against the north koreans even more. but, if the chinese are behind anything they say or do, maybe that will not help. >> i agree with you. but, if we are able to negotiate a trade agreement with china, china may well have more of an interest in moving forward with negotiating with us to see that north korea, who has become a problem child for them. they don't like the attention. they don't like instability in the border. they think that north korea is a
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problem for them. but, they most certainly would like to use north korea to create havoc for us as well. in the meantime as we move forward with trade negotiations with china, i think they may be interested in providing additional sanctions on north korea should they not behave. at this point, it's in their best interest, they believe at least this is my opinion that they play the middle ground and they play us on trade negotiations and at the same time they act as an ally to north korea and give them cover on this discussion about nuclear stabilization and elimination of nuclear weapons on the peninsula. >> do you think the president, president trump should call out the chinese on what they are doing as forcing the hand of the north koreans? and threatened to not only mention it but also threatened to ratchet up our pressure on the chinese with higher tariffs or whatever? >> i think the real issue will
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be whether or not china is in a position to honor the sanctions that are in place now and whether china will work with us to provide additional sanctions on north korea if they don't negotiate in good faith. once again, the president is in negotiations with china on trade. i'm not going to suggest that i know enough about where those negotiablenegotiations are. it's not new to the administration. the sooner we are able to negotiate the trade agreements with china, the better it will be for our economy and also the stronger position we have been negotiating with north korea on the issues of nuclear disarmament. >> if there's any discussions that should be behind closed doors. the president is not shy about calling out anybody. but, you don't think you should call him out in public about what they're doing with north korea? >> i think the president
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believes he has a good working relationship with their president. i think you would like to continue that. that means he needs to be able to speak privately with the president of china. if he is able to do that, there may be an opportunity to move forward with disarmament with north korea. china understands their position. they will hold the position and use it as a negotiating tool with united states on trade. david: good to have you here. thank you. >> coming up, using dogs to stop potential school shooters. a new program supported by andrew pollack. he's the father of a parkland school shooting victim meadow, he is here with one of those dogs named in honor of his daughter, that is next. after months of wearing only a tiger costume,
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so, you guys staying at the hotel? yeah, we just got married. oh ho-ho! congratulations! thank you. yeah, i'm afraid of commitment... and being boiled alive. oh, shoot. believe it. geico could save you 15% or more on car insurance. that guy's the worst. >> check this out, video from ad dogs to protect our kids from potential school shooters. andrew, the father parkland shooting victim, metal pollack, as part of it all. join me now is andrew pollack, canine trainer and handlers and the canine, meadow, was named in honor of of andrew's daughter, meadow. this is the first time we have met in person. wonderful to see you. however you been holding up?
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it's a tough anniversary you just went through. >> yes, we are doing these things. i'm working on projects to help make schools safer. i think what we did in south jersey, we can implement that throughout the country and we can make kids and teachers safer, everywhere. david: this is your dog. right at your feet, here. but, this is meadow, meadow is the dog and she's whining because she's very cognizant. you just alerted me, thankfully that when she is off her leash that is when she is in attack mode. >> they trained special so when they're in school steve always walks with at least up like that. if a situation ever arrives, he gets let go and it goes right to the gunfire. it smells and out, hears it and knows where to go. but when it's on the leash it has never been trained to fight on leash. there can never be an accident wherever the dog is.
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david: how many schools as this and across the country? the idea of using canines to protect kids? >> right now it's the first school were doing in south jersey, that is where joe lives. we are very fortunate with that school district and superintendent understands what it is like to keep our kids safe. it's the first school in the first of many. were going to show you some videos, i think something like this can be implemented throughout the country and it's not limited to schools. it could be at malls, church, temple, anywhere, where there is a large amount of people, you can have a doglike meadow, trained in active shooter. >> we been running the videos. how many dogs you have been a school? and how many handlers would you need? >> right now on the school in south jersey, steve is the one handler at the school. he works with meadow approximately four days a week at the school. he's on patrol.
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>> steve, have you had any instance where you've had to on leash meadow? >> no. not yet. just during training, thank god. david: how accommodating our school officials? i know not all school officials go along with this. >> they love her. the school loves her, when i bring her and all the kids want to pet her. david: they are not afraid of the dog, even though they know what the dog is capable of. >> no, they are not afraid. david: everything has not been so smooth. you've had some problems with bureaucrats who want to do things the old-fashioned way, bureaucrats are not very inventive, they're not very flexible. >> in broward at ground zero were my daughter was murdered, we have a superintendent who still cannot figure out how to do the hard corners, let alone put a trained dog in the school. so, it's a process. this dog, right here, the way it
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is trained is incredible to see it in action. just seeing what happened in broward were so many failures of humans. seven deputies that were hiding behind cars, one hid behind a wall. with a dog like this at a school, it will never happen. this dog will never coward to gunfire, which happened to my daughter. she was on the third floor waiting for help and nobody came and helped her. if there is a dog like meadow, he reloaded five times inside the building. >> so anytime is shooters reloading. >> but, it will go even if it's not reloading. that's how good these dogs are. the main thing is, they are trained over and over, so many repetitions, you know that dog will never fail or coward when it hears gunshots. that is important to me. by naming the dog meadow, meadow was a fighter, my daughter. at first i was a little skeptical about the name, about
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naming the dog meadow after my daughter. but meadow was a fighter. she would want kids and teachers to be safe. that is meadow the canine rate there has the heart of a fighter. that's what you want at a school. david: joe, how long does it train a dog? >> this is not a police dog. the school dog. it takes eight or ten weeks. the dog is only trained inside that school to respond to an active shooter. it also responds to smelling gunfire, ammo, and guns. that is the two phases. unlike a public trained dog that we have to put through a lot of 25 weeks of training. it's not simple, it is just a tactical way that we have invented of training for this dog through the program. it makes it a lot easier for us. remember, the kids have now
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looked at that dog. >> is training for the kids and the dog. >> that dog, when that dog goes into schools, the school that took the dog in, we spoke with the kids, this dog is here to protect you, to possibly save your life. that's it. the kids have looked at that dog, and she's an inspiration. you hear the kids say, here comes meadow. the kids look up to her. it's almost a soothing effect. again, sir, it's just another way or layer of security for a man, or a school to fix some of these problems. david: you do this in addition to other stuff. we talked about this before. everything has not gone smoothly. you have had to deal with a lot of resistance from people, mostly bureaucrats. some people have problems that you think actually it might have led to the shooter coming into school to begin with. how is your fight beyond, to try
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to stop the hesitation that prevented the steps from being made that would have stopped the shooting to begin with? >> that's for comes to ideology of people. putting away their agendas and putting kids and teachers first. in broward, it's been a problem, but we are working on it. i put my efforts into other areas where we could make a difference and where it meadow would want me making a difference. that's where i put my focus into these dogs. but, tell them how you train metal for the gunpowder, where you would need a metal detector she can sniff out gunpowder and gone. >> there is a dog out in the united states called a vapor dog we took some of that same type of training. it smells as a person's training. steve can go into his own school, steve and his dog, meadow. she can smell gunpowder. if she smells it, she starts
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looking it takes you to it. she's not engages. she only engages in active shooter by the weapon by the firing of the weapon. >> but in advance if someone tried to sneak something in. >> he's searching the locker right now. she's going to signal that there's a gun in the locker. >> that's terrific. >> just when society is, none of us would want to have to do this. but, they leave us no choice that we want to better protect our kids and teachers. this is what were doing. could be implemented throughout the whole country. david: a wonderful tribute to meadow. andrew, joe, thank you. i won't shake meadow's hands because i don't know what she'll do. but it's your dog and she's a sweetheart. you're doing a great service for our school kids. i'm sure meadow is looking down and very proud of you all. there is your daughter. god bless her. we will have more after this
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>> how long do you think themad? >> it's hard to tell. he survived and protest in 2017. this feels different, especially with u.s. sanctions. that will be huge and will have a huge impact on what he can do and the economy. but, i think a transition is probably coming. it's hard to tell. it's unprecedented situation there for president maduro. it's hard to see how he hangs on for much longer. >> that was u.s. journalist who was detained and then released by the maduro regime. joining me now is author vanessa newman who has been doing works with the juan guido faction. do you agree with the assessment that they cannot hang on much longer? >> i do agree. the question is, you have to be
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realistic about how difficult this battle is. you do not remove a 20 year dictatorship overnight. you have all lot of embedded interest. the reason the military is not retaliating is because they own the businesses in they were given over to the military. so, they control a lot of the financial structure, as well. which is not going to happen in a transition. david: by the way, forgive me for interrupting, but those back up. we have live pictures from venezuela, is this live, now? these are live pictures. i cannot tell, is that of maduro? >> that looks like maduro. that is a maduro campaign. the reason that we weren't sure if we had the live shot or not is that they have been blackouts right when quite n long white oy
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man. you think i was on deliberately? it's one of those things were everything is true. they purposely do cut electricity in transmission and gm speakers where guido is so the message can't get out. so you have the guido rallies, and that's why we use like vpns, youtube channels. it has become a guerrilla warfare in information. david: but it doesn't matter. either way is because of the maduro, the deficiency or dishonesty of the government. the infrastructure is falling apart. they have 2000000% inflation. >> i don't even know what 10000000% looks like her means. it just boggles the mind. that's predicted for this coming year. what is happened with blackouts,
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they stole the money. one estimate is that they stole $100 billion from the electrical infrastructure. now, you have people stealing copper wire to exchange for food. between the top level hypocrisy in people's desperation. david: vanessa, this is the result of socialism. when the government controls the means of production you have things like this. the bottom line with what happens with the socialist economy. that's why i wonder if the guido is going to privatize the oil company. >> he's going to have to. were going to have to privatize a lot to lure in investment by stabilizing the currency. usually hyperinflation can and when you have a good economic plan. we need investment, electricity, water, oil, mining, all of that will have to be privatized. david: okay we have to wrap that
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because we have bernie sanders speaking now, as well. we have to bring them home to the united states. that's a live shot of ernie sanders. we thank vanessa newman. we will have more from bernie, coming up soon. bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied. it is the people that is really the only asset that you have. put your employees on a path to financial wellness with prudential. bring your challenges.
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internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >> live shots of bernie sanders in iowa. that is where the campaign really begins. he's speaking to a big crowd there. a lot of enthusiasm for bernie seems not to have diminished whatsoever in the past four years. he is starting it again. let's bring back our political panel to talk about this. rochelle, it's ironic, we go from live shots from venezuela where socialism is destroyed one of the richest countries in the
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world, to a shot of bernie sanders who is very hesitant about criticizing any socialist country, whether venezuela, cuba, or wherever. >> if you look at what's happening in venezuela, it's a disservice not to criticize what you're see happening to the people there. i think america has a notion that the socialism we see in venezuela simply cannot happen in the united states. i think it people are very confident that we are not going to get to the point of our electricity being out across the country. we won't get to the point of people eating out of the back of garbage trucks. but, when you look at what is happening, it is hard to support the socialist idea, then you have people like bernie sanders coming out and toting that idea. but, i think the difference we have to make, we have to make sure the policies, we have to separate the policies of bernie sanders from the policies that are happening in venezuela. david: the problem is, it's
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early yet since the election, but they are already policies that have come out from the socialist contingent within the democratic party that democratic presidential hopefuls have signed on to. >> precisely. i agree, i thought comments were perceptive and spot on. there likely would be a difference in a way in which the socialist bent would be observed in the united states versus venezuela. but, let's take this as a given. when we favor government, will we confirm resources on government, they will not be as productive, they will not produce as much wealth and prosperity as they do when we leave them in the hands of the citizens. so, to whatever degree we give the government more power than it should have, i would argue that the democratic presidential field is arguing for massive transfer of resources and power to the federal government.
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even if you don't end up as a venezuela we will be less prosperous than we should be. that is a sad thing that we don't have to experience. >> the presidents of the united states clearly thinks and pulls have backed him up, that americans do not like the word socialism. they do not like what it implies her means and policy. even if it is put under the rubric of democrat socialism like they have had in socialist countries in europe. most have rejected them after trying it and failed. to the extent that the president focuses, uses the word socialist and says these are socialist policies, do you think you will have success with voters? >> absolutely. people have a healthy fear socialism and what it implies. we've seen through the democrat progressive agenda that they have done this through the incremental means. that's the fear. to say we are foreclosing the ability of american citizens have the opportunity to say, we have a limited power to our
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federal government. we can decide and self governed. that is what our american constitution was built upon. our rights are given by god, our creator, not by our government. we only tell the government what limited power we can have. we talked about democratic socialism, that is no different, no matter what we see in the united states, the incrementalist approach. thirty years ago we would have never seen same-sex marriage, we have to make sure that we do not get. >> i want to switch gears a bit. one of the new congress woman who leans in that socialist direction, elana omar,. >> she has come out with misstatements about what she has spent with regard to a recent controversy which she called out president obama for calling out immigrants or israel or the palestinians.
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she backtracked and she had not actually said things. when we got the tape it turns out we do have it. where does this go? >> i think these freshman congress members have to be more careful. they're putting themselves in sloppy situations because their ego has gotten in the way i worked on the hill, you have to humble yourself. you can't just come out there and start running the show, having protested side of speaker's office. david: but, she's actually on the foreign affairs committee and getting privileged information. some people are worried because of her intention she may say those private things with wrong people. >> i'm not sure we really understand where her intentions are. if you're concerned about her being on the foreign affairs committee you're almost associated with her with being someone who is corrupt or a terrorist in the sense.
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they have that billboard at the west virginia republican meeting of associating her photo with 9/11. >> the fact that she will have sensitive information dealing with israel, we know how she feels about israel, is that of concern? >> she is duly elected, she has the right to speak. i agree, handling sensitive information becomes the responsibility of the democratic leadership in the house. speaker pelosi has been all too compliant so far. >> we have to leave it at that. breaking news of protest breaking out in another place in the world. this is overseas across the pond. more details on that, coming up. . ♪ carl, does your firm offer a satisfaction guarantee? like schwab does. guarantee? ♪ carl, can you remind me what you've invested my money in.
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so why not bundle them with esurance and save up to 10%? which you can spend on things you really want to buy, like... well, i don't know what you'd wanna buy because i'm just a guy on your tv. esurance. it's surprisingly painless. david: live shots from paris. this is the 17th week in a row where there have been these protests. they have not always been this violent but they have been going on. it all started with the new tax the people didn't want. the government insisted on it. we will keep you updated on that. thank you for joining us. been quite a two hours.
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neil is back next week. i'm going to see you on "bulls & bears" on the fox business network weekdays, 5:00 p.m. eastern. keep it here on fox for now. here's leland and kristin. house democrats in a barrage of investigations including 81 requests from the judiciary committee this week alone. what president trump says about it. >> and ilhan omar in hot water again this time over comments that she made to a reporter about president obama. this as democrats have a week of division over how to handle her controversial tweets about jews. >> a new proposal from democrats on the 2020 trail. where they are and new attacks on bernie sanders by the clinton campaign.
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