the former chief of state for jack kemp. jam welch -- jack welsh on this. why he says this recovery could be history if he don't get this done now after this. marie knows that a dutch apple pie can make any occasion feel more special. so she makes her pie crust from scratch. and sprinkles on brown sugar streusel. so that you can spend more time making special moments with your family. marie callender's it's time to savor g new cars. you're smart. you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is, and you can connect with a truecar certified dealer. now you're even smarter. this is truecar. >> neil: all right. everyone thinks it's the s that best to torpedo the trump agenda. what if i told you it could be conservative republicans? the freedom caucus getting fingered by the president that could hurt the entire republican agenda if they don't get on the deed and fast. katie pavlich with me, fox contributor. boy, we have -- is it a tiny civil war or how would you call it? >> it's say it's an interesting

jack welch, one of the greatest ceos this country has ever known. s only mistake was hiring me many years ago. jack, thank you very much. >> thanks, neil. nice talking to you. >> neil: same here. all right. we talked about the battle back and forth between those and the conservative end that are having problems with things being ran down their throats and the people ramming down their throats. mark meadows on his back and forth with paul ryan after this. >> neil: did treasury secretary of the united states just hint the possibility that entitlement reform will get social security and medicare, on the table, just not this year? in 60 seconds. >> neil: republicans are concerned about reducing lighter or smaller version of obamacare is already a big old program and they don't want to do that. mark meadows is in that camp in the house freedom caucus, the chairman there. i guess your concern, chairman, you don't want to replace a big omnibus thing with another omnibus thing. what paul ryan could be doing is just that. >> we don't. we don't want to put ano

i was thinking about your last beak and what we're seeing now play out, that is a guy jack welch equatedr, who is coming in to bust heads and to take names and to change the system and he is running into a buzzsaw of resistance. he felt that, welch, a lot of this russia stuff is subterfuge to go after killing that agenda, killing him. what do you make of that? >> yeah, i think that's true. i think the whole russia thing is basically kind of a bit of reverse engineering to provide cover for the fact that the democrats and the permanent bureaucracy, in particular, and their friends in the media, are trying to interfere with the results of the election. trump is basically attempting to get his agenda through, not only over the democrats, but over the bureaucracy and over something like 2/3 of his own party. that's, that's a challenge. and this russia thing, i think goes nowhere as serious proposition. i can't even be bothered wrapping my head around it, the idea of russian interference in the u.s. election. but the fact that this turmoil is being used to obstruct the day-to-day business of

he's no jack welch.arles: he's no jack welch and by the way in the fourth quarter of last year they got back $700 million. add having said that we are seeing this more and more and i think it's a tough thing particularly when it's disingenuous. i think it muddies the waters in and makes the years in washington d.c. which already barely grinds ahead even that much more sticky. >> who cares what he says? didn't he also say he wanted to level the playing field for american companies? donald trump's doing that by taking away unnecessary regulations and creating a free market. why would we put our companies in america under such a burden and strain. as an example ge subsidiary to india not having the same regulatory environment. my gosh this was so hypocritical about it charles. it's just unbelievable. charles: a more hands on approach is with starbucks howard schultz who i say is going to run for president in 2020 and has done a lot of things. sun has been very tense and more recently the whole issue charlie

charles: the kind of thing jack welch mastered.ecause of missing earnings estimates, they have done something like 33% and the other robe will force their hand, ge stock in immelt has not -- since he was ceo, inherited ge at a lofty price, it was pumped up by the internet bubble and the jack welch years, jack welch was a successful ceo and after that we ran into 9/11, he has an with the company a long time, considered a successful ceo, trying to undergo a change at ge where they sell varies units but when you get an activists investor you meet certain targets. a pretty fair activists investor blows people out but missing that expense target is big. charles: a $50 stock, in my mind no excuse for it. charles: we should put out a statement that we are waiting for a comment ge, it is very interesting, try -- g each continuing to work constructively to optimize the valley. this is real, stock is moving on this. charles: thank you very much. the debt limit needs to be raised again so what does this mean? push off the looming crisis again

he took over kind of at a high, right after jack welch left and he was jack's hand-picked successor. made it close to where it was at that point. he embarked on a cost-cutting plan shedding off gge capital, most of it announced last year. but here's the rub. his salary went down 33% because he missed targets, particularly earnings targets and cost of cutting targets and now they have an activist investor breathing down -- liz: nelson peltz. not just any activist investor. >> he is one ever best. ousted the one at dupont. we should point out this about jeff immelt, a smart guy. but again, we all have bosses, we all have to perform and what we're hearing trion, that he is not pardon ming. he want to -- liz: he shed assets. he was hand ad terrible, i would stick up for him on that level. >> let me say the point. the benchmarks they set are interesting. cost cutting an earnings growth he did not make it. jeff immelt is on the hot seat with trion. they're talking about making a formal move against him as they made against coleman of dupont. of dupont -- liz: she did not survive. >> she di

we had jack welch, a respected c.e.o., claiming that the b.l.s. just makes up its employment data.was making this argument seriously. it's clearly false. you have a rchted c.e.o. on television making this argument. now obviously we have a president who on a relatively regular basis makes statements about data that are also simply false. whether it's about voting or elections, whether it's about the murder rate, whether it's about the unemployment rate. and it seems to me there is a general strain of anti-intellectualism. if you hear the president saying something about the murder rate, which is false, how can you trust anything? then the fourth thing is money. we have really squeezed, how little money this costs, we are protecting everyone over the age of 65 from anything that has to do with budget cuts. we are now protecting the military. and that leaves a relatively small portion of the government that does all of this work. that would be my list of four. i'd invite any of you to disagree with one of those four, to say that you think one is clearly the most important or to add an

we have jack welch claiming that the bls just makes up its employment data. he was making this argument seriously. it is clearly false. and now obviously we have a president who on a relatively regular basis makes statements about data that are simply false whether about voting, elections, murder rate, unemployment rate. it seems a general strain if you hear the president saying something about the murder rate which is false how can you trust anything? fourth thing is money. we have really squeezed despite how little money we are protecting everyone over the age of 65 from anything that has to do with budget cuts. we are now protecting the military. that leaves a rel tchbly small portion of the government that does all of this work. that would be my list of four. i invite any of you to disagree with the four, say one is most important or add an item that i didn't put on there. >> so one of the stories in the weather bureau and i think this probably did happen was the head of the weather bureau testifying in front of congress. someone said i don't understand w

you and i got to hang out together but i got to hang out with jack welch for 15 years. neil: genius. genius. >> just being in the boardroom and making presentations. he asking, you start to think a little bit like he thinks. and i moved to discovery and i get to hang out now with john malone and with bob myron and the new house family. i feel like i have had a gifted and lucky run. neil: if you look at your vast work, you worked hard for it, say, well, now i'm going to slow down, i will take it easy? >> no. because this is what i love. this is what you love. if you i get up early in the morning and figure out where we push or falling pick yourselves up. neil: president trump, how do you think he is doing? >> i think it's early. i think some of his business policies could really be helpful to america. i believe in divided government. i think that, you know the idea of having republican congress, a republican senate, a republican president is a good thing because now they're going to get some things done. believe i -- neil: you hope. >> there was a lot of diving judging o

being managed in a sense -- >> the guys that sit with the cabinet, sit with the president, the jack welchs are in the room -- >> carefully selected -- >> whatever. they come out universally and talk about, wow, i'm glad wilbur ross is commerce secretary, tillerson will make a great secretary, jamie dimon is there to tell me about dodd/frank. trump is asking questions. time will tell. but someone with some private sector experience versus 8% government appointees of the last eight years i don't see how we can do any worse. >> joe, joe, i think you have to make a judgment and is it more important that the president of the united states be winning the approval of the ceos of the fortune 500 which were the first -- which in the first two months of his administration he did or more important he be winning the approval of the american people which he's not odoi doing -- which he's not doing as president -- >> he did that in -- you have to get over. he did that on november 8th. >> to an unprecedented degree. he's our president. i'm rooting for him to succeed. >> come on. come on. >> i am. >> real