tv Katy Tur Reports MSNBC November 12, 2024 12:00pm-1:00pm PST
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i'm katy tur. donald trump appears to be very serious about doing what he said he would do the campaign trail. look who he is choosing to surround himself with and in what order he is making those announcements. for instance, trump's first big position pick was for border czar. you remember this. choosing the hard line former acting head of i.c.e. tom homan. right after that, stephen miller, architect of the muslim ban and family celebrations, as deputy chief of staff on policy according to j.d. vance. today, the governor of a nonborder state who has nonetheless trump's border message on an invasion at the southern border. all of them choices that strongly suggest that donald trump is very serious about mass deportations. his second big announcement was on the epa nodding toward deregulation and choose former new york rep lee zeldin, a
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impact questioner, to run the environmental protection agency. now his third batch of picks are on foreign policy. so far, choose two big china and iran hawks. florida rep mike waltz member of the armed services and foreign affairs mittee and marco rubio of the foreign relations and intelligence committees, he is expected as secretary of state according to nbc news. all of these picks are allies. all are ideologically lined with the president-elect and have expressed feel-ity to donald trump. >> when he stood on that stage and lifted his hand to reassure the crowd i felt a piece knowing god was telling us. >> that man, ladies and
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gentlemen! that man! took a bullet for you! he took a bullet for democracy. >> with donald trump back in the white house together, we will dream big again for this country. >> when we vote for president donald j. trump, we, the people, will save america. >> look. i'm a soldier. the president of the united states calls you to serve, then you have to take that very seriously. >> trump comes back. i come back. and i will run the biggest deportation operation this country has ever seen. >> joining us now is nbc news correspondent garrett haake and nbc correspondent ken delainian and political analyst ashley parker. garrett, i will begin with you. the order of these choices strikes me. can we say that these three things will be his top priorities for his
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administration? we are talking about deportations and deregulations and hard line positions on iran and china. >> yeah. look. i think the choices very much point in that direction, particularly the national security positions, marco rubio, mike waltz, and also tom homan coming back in this border czar role where he essentially will report directly to donald trump. these are priorities that trump laid out on the trail and i think they wanted to make clear their priorities they will follow through on. beyond that, i wouldn't read too much into the order themselves to borrow a phrase from nancy pelosi. sometimes guys who need jobs and guys that need jobs and lee din and elise stefanik needed to be found positions within this administration and i don't think necessarily to announcement this right away to send this big announcement. >> just to push back a little on it, garrett. the border czar was meant to
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send a signal -- >> i think it was meant to send a signal and i separate it out from stefanik and zeldin who i think are more in the category of people who have been specifically loyal to trump overtime. i think the border czar par of. it absolutely meant to send a message. trump has talked about this a day one priority and he says he doesn't need congress and putting someone at his right hand he thinks can do that. >> what will marco rubio? democrats are so far signaling they are okay with and someone they can work with. he has already been pretty tough at least on messaging toward russia. make the case for marco rubio as secretary of state for donald trump. >> marco rubio has been a senator 14 years and ranking member of the intelligence committee and privy to our nation's most guarded secrets in that role. i think he is seen as a future player on that. you may not like his politics
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and democrats may not be happy with his politics, but, you know, ultimately donald trump needs a secretary of state and within the foreign policy establishment in washington, the reasoning has been that marco rubio is someone who understands the rules of the game, knows who the players are, and is kind of a serious enough operator that he is not going to go out there and embarrass himself if he has to, you know, move too far in one direction towards donald trump to please the boss. and so i think, you know, kind of given the ven diagram between the parties and what we agree are national security parties, rubio is a i think will make people who didn't sleep better at night for having donald trump at the till. >> what will him, ashleyly? >> no he is like a lot of these picks is incredibly close and loyal to trump. he is someone who we started hearing about as a close trump ally and saw defending trump on
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a lot of his positions throughout the course of this campaign. and he also shares -- again, this is what trump wants this time -- someone who very clearly shares his world view. tough on china and waltz shares his word spot and had a convention speaking spot added. he shares his world view a number of these important big policy issues, a vocal defender so it's not surprising that someone like that who kind of checks both boxes, it is personal loyalty and accolade and also a shared world vision would emerge as a top person in trump's administration. >> all right. let's talk about immigration a little bit more. governor noem is not somebody who has deep well of immigration experience. why governor noem who is not from a border state to lead d.h.s.? are you putting her in the line
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with the lee zeldin and elise stefanik? >> that seems like the guys who need jobs and not guys who need jobs. she is a supporter of donald trump and accolade of his from ashley and has been out there on the trail for him. i think also with the immigration responsibility, apparently largely going to be centralized out of the white house with homan and stephen miller working on that, it's possible she could have less than a policy role as other dhs secretaries might but she has not been formally announced yet by the campaign so i'm curious to see what the rational is once they start defending that choice more publicly. >> is it going to be a problem, ashley, to defend the choice of kristy noem? there was a memoir that came out she talked about having to shoot her own dog? >> right. that essentially killed her chances right there. trump is not a huge fan of dogs,
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actually, but even he knew that he had a political problem on his hands with that. but to defend that choice, again, to sort of level set, this is a senate, for instance where he has some margin for error and while she is not necessarily the most conventional choice for the obvious reasons, not a border state, no particular experience in this area, she is someone who has made clear she will do what he wants her to do and that is important to him in this role. so, again, he is going to be able to push through more of his important priorities, especially with a little wiggle room and a republican-controlled senate, and likely -- or potentially republican house. obviously that doesn't matter for the confirmation. >> what about the fbi and cia? we haven't gotten any names for those roles but you're reporting the fbi is preparing for some
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big changes? >> that's right. sources tell us that both wris chris wray's team is preparing that wray will be replaced as fbi director. whether trump fires him and signals he leave and he resigns is unclear. chris wray's february served that search warrant on mar-a-lago and barged in there and took those documents. nobody has more savvy criticism over the last four years than the donald trump. he has criticized him but there seems to be a consensus that trump wants to replace him as fbi director. we have heard from names from bomb thrower cash patel and mike rogers. a huge gap. whoever gets that job i think it will send a big signal in which direction the donald trump administration is going in terms of law enforcement. >> a signal to the rank and file of the fbi about how they are going to operate.
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let me ask you about the doj. what names are being floated for attorney general? what about this mark guy? >> he has been out there almost campaigning for the job and the reason that a lot of people inside doj are very nervous about him is that he has been articulating the shattering of a post-watergate normally. donald trump saying he is prosecuting and investigating his enemies. >> only in the federal government, only with a deep swamp do people, career employees think they get to run the joint as it were. you know? president trump, you know, was re-elected with an overwhelming majority of an agenda by the american people popularly supported so deporting millions of illegal aliens out of this country, securing the border, banning dei, all of that destructive stuff that the biden administration let run wild, getting boys out of girls
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sports. those are all of the things the department of justice will work on and those are the things the department of justice employees, career employees are going to support and if they don't want to support it, they should leave. >> they have no problem shifting policy on a dime. what they do have a problem is ordered to investigate people without proper predication. if that happens, you will see resignations. >> finally, ashley, rfk jr., haven't got a big announcement what he might be in charge of but he is talking about wanting to get rid of staff at some of the health agencies. what is the expectation for him? >> the expectation is that there will be a role for him and one thing that is interesting is in addition to all of these cabinet appointments, there has also been talk for him and others, perhaps most notably elon musk heading a department or task
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force on government efficiency. also there was talk of someone like doug burgum, an energy czar position that would be sort of broader and oversee more agencies than energy secretary. while no announcement we have a pretty clear sense of the sorts of things that rfk jr. would like to do, a number of trump's people, including trump, himself, are on board with that. i talked to someone yesterday who described his ideas as bit so there is a number of ways to have a role and an influence in this second trump administration that aren't necessarily what we would think of as the most linear and traditional of ways. >> ashley parker and ken and garrett, thank you very much. what the balance of power ahead with a handful of key house races still undecideundecided. what the road ahead looks like for democrats. congresswoman jayapal will join us. four women who were denied
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abortions in idaho are in court today. they are testifying to try to get idaho to clarify its stance on exceptions. we are back in 90 seconds. exce. we are back in 90 seconds. hase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. dexcom g7 is one of the easiest ways to take better control of your diabetes. this small wearable replaces fingersticks, lowers a1c, and it's covered by medicare. not managing your diabetes really affects your health for the future. the older you get, the more complications you're gonna see. i knew i couldn't ignore my diabetes anymore because it was causing my eyesight to go bad. for my patients,
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expected to win over kari lake. mark garcia conceded to georgia whitesides in california. in louisiana democrats successfully defended a seat with cleo fields going back to the house. joining is ryan nobles. those were the glimmer of hopes for democrats but how does the balance of power still look in the house chamber? >> reporter: yeah, it's almost over, to put it bluntly. it seems that republicans will secure the majority of the house of representatives and nbc has 14 races to call. if they continue on the way they currently exist, there are not enough seats for the democrats to pick up for win back the majority if they continue on in that trajectory. this is kind of how we expected it would turn out shortly after the election. i think the important thing to keep in mind is even though republicans will maintain this
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majority, it is still be but unbelievably small margins. i know we have accustomed to the fact there is a small separation between democrats and republicans in the lower chamber but this is still going to make it very difficult to govern. it's a much different situation than what mike johnson has been dealing with in this current congress because democrats control the presidency and they control the senate. now republicans are still going to be in charge of everything but that is not to think that there is not still going to be an effort by the most conservative members of the party to exert influence and maybe even in a more emboldened fashion. republicans still will be in charge but now under the same sort of circumstances that they were in the previous congress. >> what about with stefanik going to the u.n. and mike waltz going to national security adviser, does that change anything? use it makes it even more difficult, right? when the dust is settled, we are probably looking at a republican majority of anywhere between ten to maybe as little as five
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votes, five seats. and so if two of those members are removed from the conference, those are vacancies that will take some time to fill. unlike the senate, where a governor can appoint a senator to a post immediately, there has to be a special election in the house and that could take up to 45 days, depending on which stat we are talking about, so that would mean those seats would remain vacant during that during that period of time. both speaker johnson and steve scalise, the number two in the house republican caucus have said the president-elect donald trump understands how tight these margins are and we shouldn't expect him to pick off any more house members for his cabinet, but that process is still ongoing and so while republicans remain hopeful that this will be it, there is still the possibility that there is someone what trump likes and who he would want to be a part of his administration that he could pick him or her. >> ryan nobles, thank you. coming up next congresswoman
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pramila jayapal what republicans will do now with both chambers in congress. idaho women are fighting back over an abortion lawsuit. what is happening inside of a courtroom is coming up. what is happening inside of a courtroom is coming up tremfya blocks a key source of inflammation. at one year, many people experienced remission... and some saw 100% visible healing of their intestinal lining. serious allergic reactions and increased risk of infections may occur. before treatment, your doctor should check you for infections and tb. tell your doctor if you have an infection, flu-like symptoms or if you need a vaccine. healing is possible with tremfya. ask your doctor about tremfya today. ♪
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now xfinity internet customers can buy one line of unlimited and get one free for a year. lots of debate out there about where democrats went wrong and new york congresswoman alexandria ocasio-cortez did a bit of an informal social media poll yesterday to try to figure it out, asking her millions of
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followers why some of them who voted for her split their ticket. >> listen to this right now. if you voted for donald trump and me, or if you voted for donald trump and voted democratic down ballot, i would really love to hear from you. >> so here is a little bit of what she got. quote, it's real simple. trump and you care for the working class. another one, trump is going to get us the money and let men have a choice. you're brilliant and have an amazing passion. another one, i feel like trump and you are both real. also, you are focused on real issues. people care about similar to trump poppismulism some way. what can the democratic party learn from these answers?
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joining us is democratic caucus chair and senior whip, washington congresswoman pramila jayapal. when you heard the answers from the people who responded to a.o.c., what was your takeaway? >> it's good to be with you. it's very similar to what i heard -- what i've been hearing from voters over the last many years, and actually on the doors as well in swing districts and battleground states across the country for the six weeks before the election. people want us to address their economic issues. they are hurting and they are angry that they are still in that place. and so i think, clearly, the democratic message did not get through about what we were going to do on economic issues. i think, also, this question of trust and authenticity is really important. i have found this myself in a
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number of places, both in my district and my state, across the country with others, that when people feel like you are going to fight for them, you don't have to win every fight. but you do have to show them that you are going to fight. and taking on the system that is clearly rigged against working people, against poor people, they really want to see us doing that and they don't see that and so, instead, in many cases, they were willing to choose somebody who they felt would at least blow up the system. so i think those are similar to, you know, what we have been hearing. ultimately, i was independence in the fact that turn-out in blue states really went down and this goes to another thing that -- i feel like we have to address as a party, which is we just don't always think that our base is important or kind of the natural base and what ends up happening is we try to make ourselves -- you know, we try to
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out-republican the republicans and we try to move in a way that doesn't show enough contrast and we lose a lot of people that would otherwise be with us. so i think that is what we are going to see, but we are still looking at the numbers and really trying to figure out exactly what happened and i do think it's a little bit different in each place as well. >> yeah. i think you're on to something with that. what i would say is in talking to people -- i live in new york city. i live in brooklyn. and a lot of democrats in brooklyn. and what i was hearing from folks about this election, democrats, long time democrats, was that if he felt that the democratic were out of whack and they were talking about social issues than economics. it felt like a place you would get in trouble if you asked the wrong question. do you get any sense of that? is the democratic party, does it have an h.r. problem? the h.r. of the democratic party
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as one atlantic writer says? >> well, i think there has been a problem in getting everybody to really address the economic issues because at the core, i think everything else can get answered. i've never believed that it's economic versus cultural or social issues that we call. it's really across the board people care about able to make a living and care about having a roof over their head and care about the fact they can't afford rent or child care or groceries. that is really important. they know that the wealthiest are getting the best end of the stick. so they want to see democrats taking that on and i think a lot of times what happens is there is no contrast there. we can be against something but what are we for? why have we not -- the minimum wage. why have we not help increase union density? why were democrats no nafta and trade agreements? it goes back and not just one election.
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i think we have lost a lot of working people and poor people who feel like the system is just not working and democrats end up being institutionists instead of ready to change the system. >> what stood in the way of getting that message out? the economy about the numbers got better. the democrats -- union voters, by the way, voted for kamala harris mostly, the majority did. democrats have been for unions. they have been for raising the minimum wage. all of these things that would help working class voters. so what got in the way of that messaging? why did working class voters not believe democrats when the democrats were arguing that they were the ones that were going to help them? >> we haven't passed any of those things. minimum wage -- >> neither have the republicans, you know? and they voted for the republicans. >> yeah, but the difference is that we actually say that we are for workers. i don't think -- i mean, maybe in this election there were some
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of that courting of that group of voters, but we don't say that we are for the billionaires. we say that we are for workers. we say that we are for working class. but over and over again, we have not actually pushed that and i'll tell you a big part of the problem is the enormous money that is in these elections, and, you know, we haven't talked about how people get their information. there is a whole ecosystem that is not you and i talking on this channel that is getting information to voters and i think we haven't really figured out what that ecosystem is as a democratic party, but i just want to be clear. voters actually want the populous popular ideas that we have been pushing at the progressive caucus certainly for quite some time. they went to the ballot in three states that voted for donald trump. they went around their state governments because they didn't believe the state government delivered for them either and they voted for higher minimum wage. they voted for paid sick leave.
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these were things that voters really want to see in their lives, even as they are voting for donald trump because they believe that he is somebody who will blow up the system and they don't know what is going to come next but they certainly know that this system isn't working for them. but look. i think that we have a real choice here and we have a fight that is coming up where we can showcase what the difference is. the gop tax scam, those tax cuts, they are going to expire late next year and early next year, we will will be in the middle of this fight and have to make sure we are clear and every single democrat, like last time when donald trump was most unpopular, was around that trump tax scam because people knew the majority of those benefits went to the wealthier so let's take our anger and channel it that way. >> the truth is a lot of the benefits went to the middle tax. >> that's not true. >> they saw a benefit in their tax returns. it wasn't as good as the one the rich were seeing but a lot of
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people in the middle class did see -- there have been stories on this, did see a bump in their tax returns. i want to ask you about the ecosystem for a second. >> i have to push back on that, because the vast majority of those benefits went to the wealthiest top -- >> i'm not arguing with that. you're absolutely right about that 100%. >> i want to compare crumbs -- i don't want to compare crumbs and gold bars. maybe you got groceries for eight weeks. but did you actually get money that would help your family succeed? no. i don't think that is true. whereas, the wealthiest got even wealthier with those tax scam -- with the tax scam and increased the deficit substantially. the numbers for the deficit will go up incredibly high if these tax cuts are extended, so let's
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just be clear that tax scam did not help middle class families to really address the concerns that they have. >> you're right about the disparity. i'm not arguing with on that. the vast majority of the benefit went to the wealthy but i'm saying some people did see an improvement on their return and that is what they were pointing to when they decided to elect donald trump again. but you're right again. the deficit, it made a huge dent -- not a dent. it added -- helped balloon the deficit and would continue to do so according to economists if they are extended. i'm out of time. i wanted to ask you about the ecosystem but we ran out of time on that last one. >> sorry about that. i had to challenge that! because you know, we need to make sure that people understand what is actually out there. >> no, i really wish we would more time to have a full and longer conversation. the constraints of cable news, talking about the ecosystems. congresswoman pramila jayapal, thank you for joining us and i appreciate it.
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>> i appreciate it. >> still ahead, what we are learning about donald trump's stance on the war in the middle east. first, though, inside the case that puts a spotlight on idaho's tricked abortion ban. what four women who were denied necessary terminations are doing in court today. ied necessary terminations are doing in court today will it make him softer? bounce can't do it all but for better laundry, ♪ put a sheet on it with bounce. ♪
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arguing they suffered unimaginable tragedy and health risks because the laws are too vague. the women say they were forced to travel out of the stay to get the abortion care they needed once they learned their fetuses would likely not survive. here is how one of the women, jennifer atkins, told her story this afternoon. >> it was discovered that my baby hill had a heartbeat and so i was still -- needed to leave the state if i wanted abortion care. >> how did that make you feel? >> i felt devastated because no parent wants to wish that when they look on an ultrasound. they don't see their baby's heartbeat and, yet, here i was hoping that i wouldn't just, because i wanted the decision to be made for us and i wanted to
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end her suffering. >> joining us now is msnbc legal correspondent lisa rubin. so tough to hear those women testifying. idaho's laws so restrictive that you can't get an abortion at all? >> like many states, idaho has an exception from medical emergencies. the issue that these women are raising is not just similar to the ones raised in a texas lawsuit that ultimately failed at the texas supreme court. the issue is they say that the state doesn't give sufficient guidance to medical practitioners about what is an emergency and what qualifies for that emergency exception. so that each of them saying their own personal situation should have allowed them to access abortion care in the state, but they weren't allowed to. in each of these four cases, the women left the state of idaho to go to either washington and oregon in search of termination of their pregnancies and all of them, however, you wanted to carry their child and deliver a
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healthy baby. >> is the matter about the fetus having a heartbeat, is it like the texas heartbeat law, so if there is a heartbeat, idaho is basically saying you can't do anything? >> if the child can be delivered alive, idaho is saying you can't do anything. so one of these cases, there were cases where the women discussed and testified that the child would have died in a matter of hours, if not days. >> what sort of conditions? >> talking about inoperable heart conditions or genetic abnormalities that would not allow the baby to survive. carrying the child to term would impose a risk of infection or other serious health risks for me as a woman. >> it's hard to go out of state to get this care unless you have a lot of means. >> correct. >> unless you can pay for the drive or the flight and the hotel stay and also the care if
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you have a family back home. and take the time off work. this is a big expense for the women. >> that's right. when we think about the case of the woman in georgia, reporting from -- before the election became a very big deal, one of the reasons she was unable to leave the state and seek the care that she needed was just exactly that, how could she get the time off of work? how could she afford to leave another child behind? similarly here, one the plaintiffs in this idaho case kayla smith said she borrowed money to the tune of $16,000 to get out of the state to get the care she needed. >> it's in trial i right now and they are testifying. what should we expect? >> i think we should expect a ruling from an idaho court that despite their very heartfelt testimony and these women are definitely presenting a different face of abortion than the ones we had in our minds perhaps at the at the time of the dobbs decision. i think given idaho's history
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here, we might prime ourselves for a decision that is not unlike what we saw from the texas supreme court saying there is no clarity that needs to be given' people should exercise their own best judgment. >> i'm not making a value judgment but when you say that, i think when everyone saw the decision about dobbs, i think the presumption was this was going to stop women from getting abortions if they got pregnant and just didn't want to have the baby or whatever personal reasons. what we are seeing now are so many cases where there are moms who want these children, who have gotten pregnant on purpose, who have found themselves in the situation where their pregnancy was not viable, a situation that nobody wants to be in and found that even in those cases, they can't get abortions which, in those cases specifically are very much tied to personal health care and not just a personal choice. again, no value judgment. lisa reuben, thank you for joining us. >> thank you. >> coming up, what has stocks
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one of the big questions around the next trump presidency is how he will approach policy toward israeli especially at this tense moment in the middle east. during his first term, donald trump was a staunch supporter of prime minister benjamin netanyahu granting a longstanding request from the israelis to move the u.s.
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embassy to jerusalem. breaking with longstanding u.s. policy. in reaction to donald trump's win, israeli's extremist finance minister said he saw the new american administration as an opportunity for israeli to annex parts of the west bank. joining us is nbc news foreign chief correspondent richard engel. i want to gipp with the announcement that donald trump made about the ambassador to israeli. it's arkansas governor mike huckabee. what does that signal? >> well, i think israeli is going to be very happy with this appointment, particularly the government of prime minister netanyahu. he is a christian zionist. he is considered one of the most prominent american christian zionist, that is a christian
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supporter of the entire concept of israeli that it's a biblical prophecy and it is an important thing for christians that jews gather in that area and gather in the holy land. it is a part of the sign of the second coming of christ. it also reflects a trend. this has been shifting in politics in israeli, particularly over the last several years. the government and israeli has been shifting generally toward the right and americans supporters have tended to be, not just jewish americans, but also christian americans, and particularly evangel ka christian americans and they have been close allies of prime minister netanyahu. netanyahu has reached out for the traditional base of israeli in the united states and call them the liberal coastal jewish americans in new york or los angeles, a lot of them have been opposed to his policies, opposed to the war in gaza or, let's
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say, the war in gaza has been carried out and instead they are reaching a lot of them have been reach you to american evangelicals with the jews gathering in zion. it will certainly be welcome in israeli, welcomed by israeli's government and perhaps each welcome by some of those more extreme members of his cabinet who you were talking about who think that trump will go further in his next term and not just move the embassy to jerusalem like the last time but allow the annexization of the west bank. >> some have pulled themselves out of negotiations saying they are not getting involved until both sides are serious about coming to terms. tell me if these reports are
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true that hamas were kicked out of that country in retaliation or response to hamas rejecting another cease-fire and hostage proposal? >> so qatar is certainly distancing itself from hamas and sees hamas now as a liability. hamas has always been a liability for qatar. i know senior qatar officials well and talking to them recently in the last several days. the hamas office is still officially there, officially they haven't notified hamas that they have got to leave. that would be something that would be considered sort of ugly to do in this current climate. there was an arab and islamic summit yesterday. but qatar believes they are being blamed for hamas. qatarians were asked by the united states to host the hamas and qatar served as an
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interlockter to help channel aid to the government and help channel support to hamas and the idea it would moderate hamas and allow them to become a more responsible government. instead, hamas organized the october 7th brutal attack and kidnapping spree. and now after qatar was put in this role of being a negotiator to try and free the hostages that are still being held by hamas, many qatarans believe they are being blamed for that role and when trump comes in to power, he is going to punish ka take for having to sort of cozy you to hamas when they were asked to play this role. it's a very similar role that qatar played with the taliban. qatar hosted the taliban's office when president trump last time was in office, it was through that office that he
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negotiated a peace deal with the taliban. qatar has played a pivotal negotiation role but they don't want to be left holding the bag and blamed for having supported hamas and cozied up to hamas all of these years. so they are distancing themselves and on the road to cutting them off. >> richard engel, thank you. what is causing the trump stock market to surge? first surge and then stall. don't go anywhere. don't go anywhere. a humana medicare advantage dual-eligible special needs plan. most plans include the humana healthy options allowance. a monthly allowance to help pay for eligible groceries, utilities, rent, and over-the-counter items. the healthy options allowance is loaded onto a prepaid card each month. and whatever you don't spend, carries over from each month. plus, your doctor, hospital and
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with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. u.s. stocks are slipping today off the his that followed donald trump's election win and stocks that surged right after trump was elected seem to be along the biggest losers, at least so far. joining us now is christine romans. i don't like to look at individual snapshots of the
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stock market. >> when you see a big rally like we have had since election day a little bit a cooldown is to be expected. stocks don't just go or down. the enthusiasm over another trump administration is because of deregulation, tax cuts. these are things -- maybe a less muscular stance on antitrust like the biden administration had a more muscular stance on antitrusts. stocks go up when companies are making money so wall street is betting they will make more money under donald trump. >> earlier we were talking about lee zeldin -- trump wants to appointment him to head up the dea and i was surmising a deregulation effort on his part. the epa and regulation, why would companies be interested in the rules that the epa being loosened? >> because when there are regulations, government regulations and state regulations, that they have to follow, it costs them a little bit more money when you start slashing regulations the companies make more money. which is why small cap stocks and small company stocks really have been doing well over the past week or so.
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there is really interesting thing here happening because i'm not going to geek out on you but the bond market is ling a little bit of a different story. if you have these tax cuts and extra spending what does that mean -- >> are you talking about the yield curve? >> i am. gosh. do i have to put money in the square jar? there is a square jar? watch the space because enthusiasm about a donald trump presidency and enthusiasm over the fact that we are not in court right now trying to decide who is the president. that decision was important for investors. >> why you diversify and you hold bonds and stocks. >> stock market is up 91% in five years. >> not five days but five years. >> it's up 785% since march 2009. buy and hold. and presidents take too much credit and too much blame for what happens in the economy and the stock market. >> all individual moment is a snapshot. >> right. >> christine romans, thanks very much. that does it
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