fred smith, ceo of fedex. want to know, what is this company going to do with all that money from the tax cuts. i will ask about 10:45 eastern. a veteran suing the va hospital because they left a scalpel inside him for four years after his surgery. that is an actual x-ray. a government shutdown is looming. midnight friday. i say if republicans can't get the democrat to budge on military spending and immigration, they should force a shutdown. what will judge napolitano say about that next. stuart: this is an historic day. 200 points at the opening bell which would put us right at 26,000. take a look at ge. a $6 billion take from its insurance portfolio and ge capital is eliminating it dividend. that is why it is down on an otherwise update. viacom stock down friday. the reports of merger talks with cbs and cbs is up a little in viacom is down. now this. president trump also releasing a treat. we must have security at a very dangerous southern border in a great while to help stop the massive inflow of drugs pour

businesses so let's take a listen to fred smith. >> i'm sure we're going to be doing a lot of things as a result of this tax bill because it was very very good policy. we will be responsive to the tax bill. >> i don't know if it would be bonuses. it might just be increased wages the tax bill corrects something that's been real problem for american business for years and that is the punitive tax code that we used to have that changed investment and investment is the only way to make blue collar workers, people that don't have a college degree more productive and have more income. it will increase business investment in this country and that is the biggest single problem that we had prior to this tax reform. >> all right, ben what do you make about u.s. companies have reacted to the tax bill? ben: i think mr. smith is totally right god bless his soul and wouldn't it be great if i could get mcdonald's shipped to me by fedex, but what the president is trying to essentially compel american business to make a big investment in their workers and he said we're going to give you back some mon

. >> no, because fred smith is underpromised and overdeliver kind of guy.he ceo also an economist and great man and anyone who followed that stock for a long time knows fred smith is terrific i like the fact that ups got it together so many times -- remember, they've actually had a couple of holiday seasons that have been too hard for them because of the overload one of the things that's really happened, we recognize from fred smith's call no customer is more than 3%. what that meant is amazon is not more than 3%, very positive. >> probably -- i can't think of a company more vocal in a gi way on tax reform and gdp and volume and profits. >> he's an economist and told a really good story. there are areas of the country though that are -- fedex is another -- a hub that's in memphis. i'm hoping titans do well. ti titans and bills, that would be an odd super bowl. i do think that area and fedex really told the best story about what's going on in our economy and how strong it is i like that. >> on the weak side by the way is a company con stelation brands, they

yeah, we have fred smith sitting right where seeker was last week. now they're giving out $3.2 billion. this is how this breaks down. 200million will go to wage increases, most of which will go to hourly workers, so that's good. 1.5billion going into the pension fund. another 1.5 billion to expand a minneapolis hub and memphis headquarters. fedex has been up 17% over the last few months. liz: democrats still doubling down on their narrative that this is still crumbs. nancy pelosi saying that. stuart: again? liz: yes, just the other night. supposes them as being capable of insults but not capable of policy. have made sticking to that this is tax cuts for the rich narrative. stuart: okay. stick with it. ashley: mike murphy and i are saying at what point at what point will nancy pelosi walk that back? >> but also a lot of news outlets saying this is only tax cuts for the rich. only going to go to the ceos of these companies. and that was three weeks ago and now we're seeing companies give money to the everyday man. the blue-collar workers. the fact are

fedex ceo fred smith is on "varney & company" yesterday talking about the benefit. >> you will increase business investment in this country and allow us to put more money into the business with less risk. that is the big issues the big issue that was solved with the tax bill. bad in the ability to bring money that was locked overseas back to the united states. lauren: many companies including wal-mart current at&t and boeing are doling out bonuses. fedex ceo plans to discuss the matter in a board meeting next week. lauren: good news. battle news. battle during the course of the administration to let states impose work requirements for those who receive medicaid. cheryl: gerri willis has all the details. >> drug administration that states can impose work requirements for medicaid recipients. advocacy groups carried out to sue the administration whether trump officials have the power to allow work requirements for medicaid without action from congress. some question whether the centers for medicare and medicaid are correct in asserting that working can lead to better health. groups like t

fred smith, you know ceo of fedex. >> great man and a great card player. trish: he is a good card player? i didn't know that? >> oh, yeah, ledge endarrellly when fedex nearly went down in the 1970s, he went to las vegas, learned in vietnam how to play cards, won tens of thousands of dollars to keep the company going. trish: he was on stuart varney this morning. here is what he thinks is driving the markets. i want to get your reaction. >> market is reflecting growth around the world which we see. we serve 220 countries. nobody sees the global economy the way we do and it's pretty well synced up and you have a better situation for business with the reduction in regulations and most importantly, this tax bill. trish: sounds like quite an endorsement on this administration's economic policy. he is saying not just benefiting us. you're seeing it all over the world. do you agree with that sentiment? >> yes. and one of the things that will happen in the next couple of years if we don't gum it up you will see the politics start to change. when you have people sta

that was fred smith, ceo of fedex.ost committing to bonuses or increased wages for his employees after the tax plan. the democrats, however, oh, they continue to shall we say demagogue? says quote i think the gop will rue the day they pass the bill. liz. liz: i've been out sick for three days, and i come back and see that. and i say that's all you've got, democrats? you have 170 companies now reacting to the tax cuts with more bonuses, wage increases, 401(k) contributions going up. and so, you know, i've got to say. the democrats seem to be underestimating the voters' intelligence. that's why i'm thinking term limits because they don't have to perform. instead, they're stepping up with rhetoric and they're demagoguing not based on any facts whatsoever. so what should the workers do? give all of that stuff back? . stuart: yeah. reject it. they don't want it. liz: it's like a bad seinfeld episode when nothing happens. that's democrats policy. ashley: but this is a huge gamble to liz's point this is all they've got. and w