tv Fox News Live FOX News January 18, 2025 8:00am-9:00am PST
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fentanyl, tik tok and many other subjects. president xi and i will do everything possible to make the world more safe. he's threatened tariffs on china and see how that plays out when his second term begins in two days. mike: nate foy in sunny palm, thanks a lot. ahead of the trump return to the oval office, the people's march will culminate. good morning, brian. >> hey, mike, good morning. as many as 50,000 people are expected in washington d.c. for today's people's march. it's starting actually now at 11 a.m., people will begin marching from three different locations here in washington d.c. and culminate here at a rally at 1 p.m. in front of the lincoln memorial. now, look, this is being organized by the women's march. this is the same group that did that protest in 2017 at the
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inauguration. you'll remember that one was 500,000 people here in washington d.c. alone, they were wearing the pink hats and expected to be far less people here today. now, today's people's march includes a dozen different organizations focused on a hodgepodge of different issues like immigration, free palestine, lgbtq rights, abortion rights and feminism and the goal today organizers say is to build support for communities that will be most affected by trump's policies. and today is not just an anti-trump, but energize resistance 2.0 will look like. they recognize it won't be as large as 2017 and they also recognize that the trump resistance, so to speak, is exhausted over the last eight years, and we do have some
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polling, mike, that shows a little of just how people are feeling here that are against this second term of trump. it shows according to fox news polling that 77% of the democrats feel scared, 69% feel angry and 68% of democrats also feel depressed about that outcome. so, here today, mike, we'll have what should be maybe tens of thousands of people. we'll see, that will show up here at the memorial. the hodgepodge different issues to sort of jump start what organizers hope will be trump resistance 2.0 and we'll get a look at what that actually looks like over the next few hours. mike: bryan llenas at the lincoln memorial. president-elect trump hopes on his agenda and congressman on the house armed services committee, welcome. >> thank you, i appreciate
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having the chance. mike: do you see areas of common ground potentially with president-elect trump and your fellow republicans in congress? >> what's going to be difficult as a starting point, primarily because of the freedom caucus in the house and one of their principles for the last couple of years don't do deals with democrats. it's not so much about the substance, although sometimes it is, it's about the principle, you know? republicans are in charge of the house. why are we going over there and talking to democrats. so it's going to be-- it's going to be difficult because of that, but one big area is on national security and the ranking house armed services, mike rogers is the chairman of the committee and our goals are very much in alignment in terms of how we need to reform the pentagon and make it work better adapt innovative technologies and much more quickly, acquisition reform. we're not producing as much ammunition and basic equipment as we need, we're not at scale in terms of our production
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capacity. i think on national security and reforming the department of defense, i know on our committee there's going to be a lot of bipartisan work. mike: we'll follow that. congressman, tik tok says it needs immediate help from the biden administration or it will go dark tomorrow, and after the supreme court on the national security threat. how should the outgoing administration and the incoming administration handle this matter? >> look, it's a difficult situation, and i wrestled with the vote, i voted to ban tik tok, the thing you're trying to balance here, a valuable platform, a lot of people who use it and a lot of people who make a living off using it, promoting products, being the dreaded influencer, which makes money and has an impact on the economy, but look, china has made no bones about the fact they're going to try to go into our infrastructure and attack us through cyber repeatedly in a number of different ways,
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it's a national security risk so tik tok should survive, but it should be sold. the chinese communist party shouldn't be running it because there's absolutely no question that it is a national security risk. now, if china wants to stop with the constant cyber attacks, stop constantly trying to disrupt our information networks and steal information from us, well, that could change the conversation, but that's not what they're doing. so tik tok clearly is a national security threat. even while it's a very important platform that it's roughly half of americans use. mike: right. do you see a 60 or 90-day delay perhaps to allow time for potentially an american buyer to come forward and finalize the deal? >> i mean, legally that can't be done without congress passing it. i mean, it's a law that tik tok has to sell or shut down. so, in order for what you just described to happen, the house and the senate would have to pass the bill and president trump would have to sign it and
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that would take time. it's certainly not going to be done by tomorrow. mike: considering the dangerous world we live in congressman, do you think there should be swift confirmation in the senate of the national security team for president-elect trump to get his team in place as quickly as possible. >> i think there should be a swift decision. i don't think it should be dragged out. personally, i have profound concerns about potential secretary hegseth moving in, based on his experience around defense issues, but look, i mean, it's going to be president trump's team one way or the other. by and large put them in place and go to work. president trump was clear during the campaign how he was going to run his administration and there's nothing about the appointments of tulsi gabbard or pete hegseth or robert kennedy, jr. that would be remotely surprising to voters who voted for him nn election day, and then we've got to go to work regardless who is in
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those places. mike: congressman, we know the cease-fire deal between israel and hamas has been approved and hostages are expected to return home as soon as tomorrow. do you think the deal will hold? >> it's going to be very, very difficult. i think it's got a chance, just because the region is no exhausted from conflict. but to move forward, we both have to have hamas out of power and a future for the palestinian people. hamas is going to dig in hard and a lot of people in israel on the right that are crucial to benjamin netanyahu's government are adamantly opposed to doing anything for the palestinians going forward. those two things have to be overcome. now, maybe president trump can use that influence. the report-- his influence, sorry, to have an impact on that. reports are that he played a major role in netanyahu on this
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going forward. and we've got to have a future for the palestinian people. president trump wants to work with saudi arabia, and saudi arabia is not going to sign a peace deal with israel and the u.s. like we want unless there's a future for the palestinian people. those are the difficult things that have to be worked out. in the short-term, i'm cautiously optimistic that the cease-fire will hold, but it needs to hold for a lot longer than the short-term. it's a devastating situation right now. mike: it will be good news when we see some hostage start to come home, including some americans. >> absolutely. mike: ranking member of the house armed services committee, adam smith from the great state of washington. thank you for your time. have a wonderful weekend. >> you as well. thank you. mike: we'll have plenty more on the cease-fire deal as hostages plan to return home tomorrow and mass deportations are days
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over the next several weeks as the first phase of the cease-fire starts moments from now. mike tobin details what it looks like in a terror related incident this afternoon, mike. >> hey, mike, we're now well past the deadline in which hamas was supposed to turn over the identities of the three female hostages who were supposed to be turned over tomorrow, but as we've seen throughout this process, nothing happens smoothly and nothing really happens on time. we are on the eve of what should be a breakthrough that could bring an end to a year and a half of this war and it could bring the hostages home. still the violence continues. a little over an hour ago, just about a mile from where i stand here in tel aviv, there was a stabbing attack. preliminary information we have right now the attacker is a 19-year-old palestinian from the town in the west bank and he went on a stabbing attack. apparently got one person who is listed in serious condition. israel's version of the red
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cross says it was indeed a terrorist attack or terrorism was the motivation. the attacker himself was shot and is now presumed dead. also, israeli strikes have gone into the gaza strip. the hamas-run health ministry says that 23 palestinians have been killed over the past 24 hours. the houthis in yemen promise to fire in solidarity with hamas until the last minute of the cease-fire. as a result twice today the sirens have wailed and israelis have run for cover from incoming ballistic missiles. (siren sounding) >> so the cease-fire is intended to go into effect tomorrow at 8:30 in the morning local time, just at 12:30 local time, the first of the hostages is expected to be released. we'll see how that process moves forward, but this is part of the first phase of the cease-fire, it's going to stretch out over 42 days and ultimately should see the release of 33 hostages, women,
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children, and men over 50, mike. mike: looking forward to your report in the hours ahead, mike tobin, thanks a lot. so will this deal hold? let's ask retired air force general david deptula. good morning. >> good morning, how are you doing. mike: obviously a fragile situation, sir. you know the hatred on both sides of the issue, does the deal hold? >> well, as congressman smith mentioned, it's going to be really, really challenging. i think there is motivation on both sides to assure that it does, but you know, the perceptions, particularly inside israel are divided over the deal. 30% saying the cease-fire's surrender to hamas and 70% embracing it as a start to get the remaining hostages back. while it's challenging and much can affect the deal, i mean, if
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hamas breaks the cease-fire then israel can continue firing, but then the remaining hostages would continue to suffer so that's the quandary that israel faces and it's part of the motivation, again, on both sides to do their best to assure that it continues. mike: do you expect the regime in tehran to do everything possible to try to derail this agreement? >> yes, because that's the way iran rolls. now, the good side of that, quite franc frankly, israel understands hard power and how to use it and they've been successful in negating hamas and hezbollah and iran is the weakest it's ever been. so while they try to do that, they do it at their own risk because, you know, iran is in as i mentioned the weakest position it's ever been in and quite frankly, the sooner it
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can be removed or the regime removed or replaced, the better for the whole world. i'm sure that's being considered right now. mike: you're a retired air force lieutenant general, and the way that israel has carried out operations against its adversaries in the region so far? >> i think that their strategy has been absolutely spot on. as i mentioned, they understand the use and the value of hard power. they've put it to good use, they have a changed complexion of the entire region that they've got to operate in. they've reduced these terrorist organizations and now, i believe, rightfully has iran in the cross-hairs. mike: we know president-elect trump has been hoping to wind down the war in ukraine, perhaps as soon as day one.
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now some of his advisors are kind of backing off of that, saying maybe in the first 100 days. do you think that mr. trump can score another victory here? >> well, i hope so. i mean, the fact of the matter is, everyone wants to see peace except putin. i think what you'll see is a continued new-- well not a continued, but a new emphasis on negotiations. now, negotiation means give and take between both sides, but putin does not understand give. he only understands take. he only responds to power. now, we both know that preside president-elect trump last adopt d ed the reagan era peace through strength. and with the conditions, the conditions that president zelenskyy is willing to halt operations in place in ukraine's eastern territories
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and the issue of conditions on russia. i think one part of president trump's plan may be economic such as lowering the price cap op russia's oil exports along with stronger enforcement of sanctions. in other words, put crushing sanc sanctions and economic costs on putin to innocentivize a cease-fire. mike: is that some of that zelenskyy would give up some of that and then the rebuild would begin? >> i don't think that's a proper way to characterize the situation in order to incentivize putin. it's not about -- it's just what i said before. it's not about, you know, giving up territory to putin, it's about making sure that he understands the consequences of not agreeing to a cease-fire. it's really important to understand that ukraine's now
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become a strategic safeguard to the west. and it's priorities not just for the security of europe, but also the united states. so the president -- the message that president trump wants to send is one of strength and that's the approach i think he needs to take. mike: what about the price that putin and forces paid because this war has been much more difficult than anticipated? >> i think that's a motivator for putin, but remember, putin doesn't care about human life. mike: right. >> he's been spending 1,000 to 1500 lives per day. he only cares about restoring the russian empire and it's a critical u.s. security objective not to let that happen. i'm sure that's part of president trump's calculus, but we need to keep the pressure on
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russia as it's in our strategic interest to see them further weakened. mike: lieutenant general david deptula, appreciate your time and ananalysis. >> have a great day. mike: you, too. and californians returning to see the damage from the massive wildfires. who will help them rebuild. we'll speak with habitat for humanity in the los angeles area next and nominee pete hegseth on the hot seat and whether or not he has the vote. ? like you know to check your desktop first, before sharing your screen. ahh...that is not. uhh, oh no. no no no. i don't know how that got in there. no. that, uhh. yeah, checking first is smart. okay, uhh.
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madison. hey, mike, yeah, the businesses, the homes here absolutely suffering and destroyed, but we have some good news so i'll start with that, containment numbers are moving in the right direction. investigators still don't know what caused these powerful wildfires and i'm talking powerful because look over my shoulder. this was a billboard. this fire with the heat and strength completely took it down to the ground, unbelievable to see, but the work is not done because containment is still happening and the reality santa ana winds are coming next week. let's go to palisades. we're at 43% containment and some adventure orders have been lift there had which means people are going back to their homes for the first time since january 7th. eaton fire that impacted altadena where i am right now now 73% contained, but it did a lot of damage 8,600 structures destroyed. like the rancho bar which is behind me or used to be behind
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me, absolute devastation here. the owners can't believe that it's gone. >> we just celebrated our 70th anniversary, it's been there for 71 years, so none of us ever thought this kind of destruction would happen. >> covered. >> so this was a family-run bar, they had regulars, they had a bell that was rung every time at that someone in the bar was going to buy a full round of drinks and now they have nothing. they're still in talks with insurance, they don't know how much money they're going to get and wondering if they will be able to rebuild in one of the most difficult states when it comes to construction. governor newsom and mayor bass has promised to cut red tape, but buildings codes will be in place and this was not zoned as a bar. the question, can rancho bar ever exist again? >> we don't know how it's going to -- with the regulations, it
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was a little dive bar. it started, i think it started as a real estate office and then they tacked more stuff onto it. >> so chris wants to rebuild. he intends to as long as he's allowed to. a difficult situation for a business owner to be in, mike. mike: heartbreaking stories of these small businesses, mom and pop places that are the backbone of the community. madison alworth thank you for bringing those stories to us. residents assessing damage and waiting to rebuild. my next guest will be behind many of the efforts. aaron from habitat for human ity for los angeles. erin, welcome. >> thank you. mike: a lot of friends and neighbors are asking is how soon can they rebuild. my understanding clearing of debris is going to be quite an involved process. >> it will. it's not just like sweeping out your driveway. there is in the dust that is
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settled there is asbestos, batteries, other toxins and they don't want families to go in and start sweeping through that because that can then settle in your lungs. so the state has promised that they will be clearing all the ash so that people can go in and rebuild. mike: i would imagine your phone has been ringing off the hook. >> yes. mike: people seeing what's happening in los angeles, their hearts go out to them. you're all in our prayers. what about that? what about the response from the community and are people fired up to help? >> i mean, overnight we had 3500 volunteers signed up to help. everybody's ready to get into action, it's really kind of frustrating to have to hold them back and say, we've got to wait, of course, until the fires are out first and then to really wait to see how we can clean up and get families in. some of the homes have been moderately destroyed and kind of giving them a scale. there are some that are zero to
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10% destroyed, some that are in the 0 to 25% damaged and those will be the earliest ones that we can start fixing up. mike: how soon do you think that could begin? that sounds exciting if you could at least help repair some people who suffered some damage to their homes. >> our goal is to be working on those homes as soon as they're eligible for people to move back into. so, probably 60 to 90 days is my guess. mike: okay. and again, people are fired up to help. what should volunteers in the greater los angeles area or those who have family and friends out there, what can they do to help you with your mission? >> well, the immediate thing is to help with distribution events, to give any resources that you're seeing published, that different organizations who are sheltering families need. right now most organizations need financial resources to be able to fund, in our case, the rebuilding of these homes and so, we have a donor match this
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weekend and anyone who gives-- is matched up to $50,000 they can go to habitat l.a..org and make a gift. but when it's time to build, we're going to need your hands to get out there and swing a hammer, too. >> in addition to your role as ceo, you're also a resident there. this is your home community. so what's been the impact on you personally? >> i would say, you know, people e-mail and say are you af aff affected? everybody in los angeles is affected and we hear the stories of our neighbors and when you have a home that's your respite, your home to come home to to relax at the end of the day and some people don't have that, and lost all of their belongings. if you imagine looking around your home and see things that are irreplaceable, those are things that will never come back and we're all impacted by this, and that's why angelenos
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are rallying to help those who lost everything. mike: habitat for humanity does amazing work. erin, wishing you the best. >> thank you so much, i appreciate it. mike: join fox's support of families impacted, red cross enabling people to recover from the disaster, scan the qr code on the screen to support these efforts. president trump's plan to tackle the border on day one. incoming border czar tom homan is coming up. first, a heated hearing for pete hegseth. if he has the votes next. (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management
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and advocacy, we're proving anything is possible. learn more at wounded warriorproject.org/connect at university of phoenix, we're earning career-relevant skills with every 5-to-6 week course. and updating our professional profiles in weeks, not years as we pursue our bachelor's and master's degrees. earn career-relevant skills in weeks, not years. at university of phoenix. >> defense secretary nominee pete hegseth on the hot seat this week. senate armed services committee questioning the president-elect's pick. and my next guest sits on that
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committee. markwayne mullin. your assessment how he did in the hearing and his overall confirmation chance sns. >> he did great. he was calm and collected on oncoming fire not just bullets overhead, but true personal attacks. he went into the hearing in a really good position. he came out of the hearing in a great position. i don't know if you'd noticed, but late night cnn even said that they thought the democrats questioning actually was harmful, not helpful. and harmful in way that made them look silly because pete was just so good. he was very well-prepared if you're talking about understanding president trump's picks, he's put people in place that maybe outside the resume' that's traditionally in these government positions, but it hasn't been going well. and he's put people in there that can make change and get it done and pete showed himself true to that statement. mike: you had a moment the
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other day that caught my attention when you clearly thought some of the attacks were personal and unfair. let's play it and i'll get you to react. >> the senator from virginia starts bringing up the fact what if you showed up drunk to to your job. how many senators have showed up drunk to vote at night? [laughter] >> have any of you guys asked them to step down and resign from their job? and don't tell me you haven't seen it because i know you have. and then how many senators do you know who got a divorce for cheating on their wives? did you ask them to step down? no. but it's for show. you guys make sure you make a big show and point out hypocrisy because a man made a mistake. mike: did you get some blowback from colleagues after the hearing? >> even democrats came up to me and said thank you. if the senate body is going to hold themselves up at this standard and hold others to that standard we better make
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sure we're hitting that standard, we don't. i'm not saying i'm the most moral man, i'm not going to point that out to everybody, i'm not a great individual, i try to be. it's by the grace of the lord and my wife i am who him today. but this body, especially senator kaine is going to hold pete out there and not hold his colleagues accountable. and it's frustrating, jenny, his wife is sitting behind them and they've worked through difficult situations and made it and raising their kids together and they love each other and it's evident that they love each other and here she is sitting behind her husband who is getting attacked and she's taking the oncoming fire, too. i know if that's my wife christy behind me, she would want somebody to defend me as well. that's what got my blood boiling by showing the hypocrisy of these democrats by doing this to them. we're no better than anybody else. and we should make sure that
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we're treating everybody equal based on their job. if we've all got a past, well, that means we can all go past our past if we admit it's a wrong path to go down and become better. and that's what, i know myself i have become better because of mistakes that i've made and overcome them and so has everybody else. mike: with an about the trump agenda going forward? obviously, your constituents are counting on you getting stuff done quickly. >> right. mike: one big beautiful bill this spring? your thoughts or should it be two bills or how do you get as many points on the board soon? >> president trump made it clear he wants one big beautiful bill and we are going to try to deliver that for him. it's one big beautiful bill will probably have to originate out of the house, first, because it's going to have taxes. both chambers can move the bill, but taxes specifically have to be moved out of the house. one big beautiful bill would be taxes, and two bills, border energy and regulation on one
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bill and taxes on a second bill. what we want to do is do one big beautiful bill like the president wants, but we can't along congress could bog down on it either. at some point legislation and not just live off executive orders. the executive orders will be in place, but we want to make them permanent so i would say that we can probably wait until maybe even memorial weekend and after that we're going to have to move and we may not be able to wait that long, but that's our game plan, can we wait that long before we move reconciliation if the house can get it done. ultimately results is what the president wants and results is what congress, the republican congress is going to deliver for him. mike: we're nearly out of time, but you know the slim majority in the house. you know the house. very well, yes. mike: how do they get it done and how do you tell some of them take a really good bill if it's not perfect? >> we can't allow perfection to get in the way of good, in this particular case. we're going to have to negotiate among each other. in business, i always want 110%
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and negotiate to 70 and walk away at 69. we're going to do the same thing, but there are interesting facets. you've got chip roy, for instance. chip roy, he wants to offset salt with raising corporate taxes that's a nonstarter. but at the same time border is very important to him in his state, energy is very important to him in his state. and if you combine those and put one big beautiful bill together, give something they can accept and have to have, too. one big beautiful bill, if we can get it done is the best path forward, if we can get it done. mike: nice to see you, enjoy inauguration weekend. >> appreciate it, mike. mike: less than two days until president-elect trump's return to the white house. and his incoming border czar tom homan is next. and preventing crime in the subways. the details next.
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platforms and 300 more added to overnight trains from 9 p.m. to 5 a.m. new york governor kathy hochul said that week that the data shows the nighttime hours is when subway crime is occurring and this new strategy is about protecting the people who keep the city moving. >> these are the people coming in, now, they work on the night shift at the hospital, the people working the hotel lobbies, the doctors and nurses, the bakers, the baristas, construction workers who need to be on call. >> so hochul told reporters this week, this is a six-month strategy that aims to crack down on fare evasion, the new turn styles were installed in some stations and by the end of 2026 installed at the top 40 stations where fare evasion occurs according to hochul. capture the video posted by the new york post, several riders were still able to skip fare so all of these efforts come at a time when n.y.p.d. shows crime
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on the transit is it i am is down about 36% compared to the same time frame last year, but listen, city and state leaders have said perception overrides reality and you may remember, this past december, she was homeless and tragically torched to death according to police by a migrant. and it includes new led lighting and barriers on platforms and outreach teams for the homeless or mentally ill, mike. mike: cb cotton in new york city, many thanks. meanwhile, president-elect donald trump preparing to tackle the border in his first week in office and new reports signaling massive deportation operations will begin tuesday. incoming border czar tom homan joins me now. tom, welcome. >> thanks for having me. mike: so, these raids, multiple cities, chicago has been mentioned, what are your
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thoughts on that and do you worry about some of the sanctuary cities resisting your authorities? >> well, look, i won't categorize them as raids, they're targeted enforcement operations. ice goes out, knowing exactly where they're looking for and where they'll find them. it's a well-planned operation and possibly who is in the household including children. this well-planned enforcement operation, every target from this operation is well-planned and the whole team will be out there for officer safety reasons. sanctuary cities, it's unfortunate. the sanctuary cities if they care about public safety, care about the safety of the communities, they'll allow us at the jails. we want to arrest the bad guy in the safety and security of the county jail where the officer is safe, the community is safe and the alien is safe. and the sanctuary cities will release that public safety threat back into the community
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which is a huge public safety threat and force officers into the communities and we'll find the bad guy on his turf, we have access who knows what web, and when we find the bad guys he's probably with others, others in the united states illegally. they may not be a criminal priority, but we're not walking away from them. the policies, exactly what they don't want, more aliens arrested more collaterals arrested because they forced us into this position. mike: we know from public opinion that people want deportations of those who violate the law, you know, who commit crimes while they're here illegally. how soon do you expect some deportation flights to leave? >> first week. i mean, we have got over 700,000 illegal aliens in the united states with final orders of removal. president trump has been clear from day one, from the campaign on to today, that he's going to secure the border, and he's going to have the deportation operation. there has to be consequences
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for violating our laws. to enter a country illegally is a crime and to commit a crime against a u.s. citizen. president trump has had it. he has no patience, we're going to fulfill the mandate the american people gave him on election day. mike: do you worry about the a.c.l.u. or some other group trying to tie you up in court? >> oh, everything we do going to get enjoined on and sue every day, but it's not going to stop us from doing our job. president trump made it clear, public safety is number one on his list. how many young women have to be raped, murdered and burned alive until the sanctuary cities understand this. it's public safety. every elected official, a mayor, a governor, or the city council, your number one responsibility is to protect your community. come to the table and help us. we're not asking you to be immigration officers, we're asking you to keep the community safer. i'm sure we'll be sued, but bring it. they're not going to stop us,
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or bully us from doing this job. the american people are demanding safe community and ice under president trump's leadership is going to give them safer communities. mike: tom, how many executive actions do you expect from president-elect trump right off the bat in your area of expertise? >> i'm not going to be ahead of the president on that. we'll see what happens on day one. mike: you're a smart man. it was worth a try though, tom. do you expect your actions in the first week to essentially set a tone for the next four years of what this administration is going to be all about? >> you're going to see the first week, you're going to see the shock and awe on the border and interior. president trump has got a great amount, great people and the academy he's bringing in, and governor kristi noem, she's going to be a rock star, i've
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talked to her many times, she gets it and understands the importance of enforcement operations. we've got a great cabinet. pam bondi coming in, a great ag. president trump put a great team together. we're going to secure the border highest level ever and the most secure border in my lifetime that president trump had in the first administration and this time finish the job. when you secure the border you save lives. that means less overdose deaths from fentanyl over the border. less sex trafficking of women and children, less people on terrorist watch lists entering this country. we're going to end it this time and fix it and the american people are going to see the success of president trump in his second term. mike: tom, i know how busy you are. grateful for your time and wishing you the best, sir. thank you. >> thank you. mike: it's not just the border that trump wants republicans to tackle, the 2017 tax cuts, can republicans get it done? when you really need to sleep. you reach for the really good stuff. zzzquil ultra helps you sleep better
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>> to the push to get president-elect trump's tax plans bu the business leaders to extend his 2017 cuts which are set to expire the end of the year. how soon can they get it done and how is the battle impacting american taxpayers? c.p.a. and market analyst dan geltrude joins me now. dan, welcome. >> hey, mike. mike: so, your thoughts on tax reform and how quickly they
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could get it done and really failure is not an option, right? otherwise everybody gets hammered with higher taxes. >> yeah, let's put this in perspective right off the bat. on average, a family in the united states, their taxes will go up $2,000 a year if something is not done. and we have our small businesses which benefit from what's called 199a, doesn't matter what that is, what does matter is you have 26 million small businesses in the united states which have the ability to lower their taxable income because of it. these things are going to go away. so, taxes are going to go up. it's an absolute priority. the real challenge, in my opinion here, mike, is the salt cap, state and local taxes. the margin is thin in the house. they have to address that because there are republicans in blue states who have promised to get rid of that and they're not going to vote for
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any tax plan that doesn't address that cap. mike: new jersey want that and south carolina and texas don't care so we'll watch that conflict. now, dan, tech ceo's have been cozying up to president-elect trump since his victory and mi mark zuckerberg and others at the inauguration. will the president-elect have an impact on high-tech? >> i think he will. this is highly unusual, the president of the united states, a republican, mind you, being so involved with these tech companies and trying to establish a relationship. to have the ceo's from tik tok, meta, amazon, apple, google, uber, open ai all attending his inauguration, it's absolutely extraordinary and i think it's beneficial to everyone. big tech is the future. let's get them working
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together. mike: we know president-elect trump wants to establish an external revenue service to collect tariffs and revenue from foreign sources we're up against the clock, but what about that? >> well, that's something really interesting, it just goes to show you that president trump is very, very serious about these tariffs. if countries are not going to agree to fair business practices, then president trump is going to have to put tariffs in effect. mike: dan geltrude, thanks very much. it's fascinating, we will continue to follow it. grateful for your time, sir. >> thanks, mike. mike: and my thanks to all of you at home for watching today. it's been a pleasure. i'm mike emanuel. fox news live continues with griff jenkins and jacqui heinrich right now, have an awesome day. >> president-elect trump will begin his return to the washington d.c. area today where he w
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