trade rep, robert lighthizer said that phase one is quote totally done, but even here paul krugman is sounding off, series of tweets, saying trump has made us weak. he has lost the trade war and american consumers have paid the price for tariffs. so will krugman be as wrong about this, liz, as he was about the market? >> well, i think so. we have already gotten one phase of the china agreement done. as i was going to say, also, he's obviously concluded the usmca, which paul krugman also took potshots at because he said nothing changed. in fact, i could go through a litany of things that have actually changed in that. i think the point about the confrontation with china, everyone i talk to in the business community, even people who hate tariffs, understand that it was time to stand up to china, and they may not like the approach that was taken, but in fact, it is paying dividends. companies are moving their businesses out of china and diversifying their supply chains which they absolutely had to do. i think it was a win. i think paul krugman is wrong. >> i'm neither defending obama's h

i want to send paul krugman and the others bushel basket so they can catch two bricks.g, let's get some evidence, catch some brakes. >> your positivity is contagious. >> merry christmas to everybody except paul. >> we wish a merry christmas. the time is 18 after the hour. a political battle brewing in the aloha state. hawaii's former governor once altogether to resign after voting present for impeachment and the congresswoman just responded. >> that wouldn't fit in my yard. >> you are not going in our yard, it is going in our living room. >> they are two christmas classics but which one is better, a christmas story of christmas vacation? turns out there is an answer and carly shimkus, we hit the streets to find out what the viewers say next. carley: a journalist quits his job over controversy surrounding the christianity today article calling for donald trump to be removed from office. he resigned from the christian post after learning they plan to put out a piece knocking his competitor telling the washington post, quote, i never got the just they were gung ho trump is

i know paul krugman you have had certainly a war of words.s if you are having more and more conversations with more folks that maybe were against date, that are starting to say, hey, you have got an idea here. stephanie: for me, some of the most fun conversations and communications i have are those that are not public. it's the people who reach out to me privately and, were it known who these people are, i think the shockwaves would reverberate in a much more dramatic fashion. but it's just encouraging to know that there are people who are really out there willing to take the scholarship seriously, ask questions when they are not sure, do the ideas justice and not sort of caricature them and create an atmosphere of fear and concern, where these are really just i think very sensible and sound economic principles. jason: coming up, a provocative thought. the problem with female ceo's is not that they are female. it is, arguably, that they are ceo's. we will tell you why. carol: we will indeed. plus, how two individuals are showing the world how

economics who significantly disagree with the course that we're following people like stiglitz paul krugman others none of them were even approached the people picked to fix the crisis were those who created the robert rubin crowd the goldman sachs croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you expect the haven't. been well for the poor let market principles prevail don't expect any help from the government the government the problem not the solution and so on that's essentially neo liberalism and it's has this dual character which goes right back in economic history one set of rules for the rich opposite set of rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population allows it to proceed just going to go on and on like this until the next crash which is so much expected that credit agencies which kind of evaluate the. status of firms are now counting into their calculations the taxpayer bailout that they expect to come in after

paul krugman is saying to fox news that the deficit is vastly overrated, go ahead and deficit spend because it is an investment in the future, whether it is pre-k or the green new deal. guest: when the federal government borrows $1 trillion a year, you're stealing money from future generations that will have to pay the interest. talking about paying down the debt or paying off the debt, when americans buy a home, they want to pay off the mortgage so they own the home. we have a government that continues to renew its mortgage and imposes deficits on future generations of americans. elizabeth warren wants a bigger government and wants more taxes. a: my did in october looked at i did in column october looked at a consumer expenditure survey, which had detailed data that calculated the average american consumer unit, and they mean basically a household but it could be an individual who lives with other people that keeps independent expenses, they calculated with the average household or consumer unit spends on areas different items. it turns out that the average american consumer unit, accordin

now for years that you can't cure debt with more debt they have some mainstream economists like paul krugman that says that that is completely meaningless but even the interest on this meaningless that is now bigger than the you know or is comparable to what money spent on defense so it's become a problem and a lot of the debt by the way in the united states right now is corporate debt they've incurred $3.00 trillion dollars in debt to buy back $3.00 trillion dollars with the shares so you're swapping the real assets of the company for the make believe which is debt reduced our.

that for years that you can't cure debt with more debt they have some mainstream economists like paul krugman the says that that is completely meaningless but even the interest on this meaningless that is now bigger than the you know or is comparable to what money spent on defense so it's become a problem and a lot of the debt by the way in the united states right now is corporate debt they've incurred $3.00 trillion dollars in debt to buy back $3.00 trillion dollars with the shares so you're swapping the real assets of the company for the make believe which is debt reduced actual assets it's a make believe for equity swap yes right remember in raiders of the lost ark where he swapped a bag of sand for the golden nugget on the pedestal and then the big boulder came to chase and this is what's happening in the markets are replacing equity with a bag of sand or nothing and another big boulder of massive debts coming to chase them down the corridor and here's some more make believe we you and i saw this in belfast back in i think it was 2012 when the g 8 conference was there and member their eco

basically people like paul krugman and the folks use our liberal democrats, they don't like donald trumpthey decided to cook up a scenario basically talk the economy down. i'm not saying it was a conspiracy, the american economic association convention meeting but when they were there they were shaking their heads going what a tragedy it is to have this guy in the white house, it has to be bad for the economy, they were letting their politics get in the way of their economic data, reasoning, the history of tax cuts and deregulation irrelevant to people, basically have better economic shifts from will be goldberg on the view that you are getting from those guys right now. will be goldberg didn't talk about economics, she did no harm. >> someone who has been touting all the successes, looking at the numbers, donald trump tweeted this on the stock market, new stock market high, i will never get bored of telling you that we will never get tired of winning. respond to these numbers bringing up monday's record market close was the numbers for the dow, the s&p 500, the nasdaq, what all is contr

in an opinion police by paul krugman in "the new york times" this week, it was titled "the party that ruined the planet," pointing to republicans. you probably don't want to get in a political debate here, but there is huge denial still in the united states where you don't see it so much in other places. is that because of partisan politics? >> i think it's unfortunate that we have to start every conversation reiterating and reconfirming that climate change is real. i think the science and the conversation is way beyond that point, and we really need to be dedicating and focusing our attention on the solutions that we know that are there, on bringing more voices to the table. i think that the youth climate movement has really demonstrated the energy and the vitality and the potential of youth to lead. i think that we need to be there with them, providing them with the support, the leverage, and the coverage that they need to lead the way, to lead the path forward. and i also saw so much inspiration and hope from the innovations and the solutions that i've seen. i was just in silicon v

paul krugman from the "new york times" right after the elections. markets are going to tank.ts predict. market free fall if donald trump is elected. and just the opposite has happened. katie: this comes at a time when brexit is happening. this comes when the united states is engaged in a trade war with china. yet, you are still seeing incredible numbers. griff: cnbc headline i want to show you, too. trump stock market rally is far outpacing past u.s. precedence. i talked a little bit with charles before he schooled me rightfully so. ed: raised a fair point about manufacturing had a little bit of a slow down and came back in the last jobs report. he jumped all over it. griff: he did. what i asked him about that before the s&p 500 which is the indicator for the market, it has returned 50% since president trump took office. doubling the 23% average. past presidents. and that's certainly in that cnbc seeing that. charleston had a whole lot to say when we talked to him. >> that's the wage growth thing that's the chart i keep saying put it up. put it up. show blue collar wages. sho

turn to the naysayers, "new york times" paul krugman said the markets would never recover after trumprn to 3% growth. he predicted recession is coming. richard branson warning about a oil crunch. alan greenspan warning in 2007 the world would possibly see double-digit interest rates to control inflation. george soros said chinese inflation was out of control. the real story was deflation. i don't get how, the thing is, maybe the word is for the 2020s, is just take it all with a grain of salt, right? >> you know, what the amazing thing is, you listed off a whole number of very intelligent people and those very intelligent people were very, very wrong and, so, you know, sometimes i think people have to think about it too hard. think about things too hard. they always tend to try to extend what happened in the past into the future. the economy doesn't just grow. it is constantly evolving. trying to figure out how it will esolve is very, very difficult. doesn't matter how smart you are, how many years you spent studying economics you can still get it wrong. liz: yeah. >> we saw that spect

president trump's phase one trade deal getting criticized by "new york times" columnist paul krugman piling on a goldman sachs economist and senator chuck schumer. we have derek from the american enterprise institute. great to see you, derek. michael pills bury advising white house. they're very enthusiastic about the white house bit. china is in to it. what do you say? >> well i think it will be a little longer than two weeks. i think there is some positive elements of the deal if the chinese i will implement it. i also think ambassador lighthizer others in the administration, it is right to be skeptical. we'll see if china implements the deal. liz: to your point, one of the key points in the deal is about china, using, taking u.s. intellectual property. we have a new foreign investment law. it makes it illegal to force u.s. companies to transfer ip to china. we're hearing breaking news the commerce department is coming out with five new rules stopping transfers to china. things like quantum computing, three-d printing your reaction to that? >> i'm happy with the trade deal we keep

all, like the paul krugmans of the world, larry summers, people who said there will be a crash, do theyld the world that, you know, this is what's happening? that we'll about to enter a downturn because of what president trump is doing? your final word? >> well i think the president's success in trade will be part of his re-election success. he is just delivered campaign promises one after another. he is just seems to ignore the critics. ordinary people like myself, it gets on my nerves when i get criticized, the president seems to be so feisty. more he is criticized more success he delivers for the american people. that is quite extraordinary. the chinese told me about this they admire, respect him pushing through all the criticism, getting a trade deal done. michael, great to hear your insights. come back soon. >> appreciate it, liz. liz: coming up, which area, south of which state is now deemed as dangerous as, wait for it, syria? that story next. ♪. >> thanks to our tireless efforts to secure the border, illegal crossings are down 75% since may and the wall is going up at a very rap

david: tonight remember "new york times" columnist paul krugman's prediction of gloom and doom for thegaining 10,000 points since election night. many think there is more room to run. >> very big day in the stock market today as you know. that will be 133 days where we set a new record. and that's fantastic. our whole country is thriving. it is thriving like never before. the jobs numbers are incredible, best in 51 years, and i think soon we're going to be able to say historic. david: david: thanks for joining

we talk about paul krugman of the "new york times" and how sophisticated he is as a thoughtful persontalk about his column right after election day. i looked up a couple of his columns. october 24th, 2019 what was that two months ago? he said the day the trump boom died was the headline and why business confidence has collapsed. they haven't learned a thing. ed: that was this october. two months ago. still saying the day the trump boom died. they are still wishing for a collapse. guy they hate so much. the problem is the market, small business owners, people across america see the opportunity we have right now and they just brush te'o side. lisa: pete, you hit the nail on the head. because they're wishing. they. you the economy to fail. bill maher admit that i want the bottom to fall out. the recession is the way to defeat this guy. they know if the economy is as strong as it is, how do you defeat him? if you are one of these democrat contenders whoever ends up being the general election nominee, what's the argument you make. we need to change the trajectory and path economy is boomin

have been promised a crashing market ever since the night that president trump was -- remember paul krugmanave a great acceptance speech and people said hey, maybe he's not crazy after all and then started thinking about the other things. low taxes, getting rid of regulations. oh, and the animal spirits out there. i keep insisting to people, just look at the fundamentals, look at our country, look at these fundamentals of the stocks you own and don't let this sort of, you know, this sort of thing because if you look around, there are a lot of people who believe the market is down this year, like folks who aren't paying attention because of these sort of headlines. david: the market is booming, partly because of the fact that we kind of crashed last december, when the fed kept hiking rates, but the bottom line is, just a few months ago, everybody was still talking recession. you're not hearing anybody say that now, are you? charles: it's nuts. i did see a piece in a bloomberg opinion piece yesterday that said it still wasn't out of the realm of possibility. it's unfortunate, to be quite fran

stimulate capital spending it did last year, it didn't this year some people like larry somers and paul krugmanas a sugar high. i don't think it was a sugar high once you got phase 1 done, capex should come back. >> what i've heard a bunch of economists say, you've done some damage to the psyche, uncertainty with the business investment that's got to play out through the first half you don't have business change on a dime like that. in the second half you can see it. >> maybe i do think at the margin also the election will have some impact i think depending on who the front-runner is on the democratic side we'll see. you know, this could cut both ways if it's a particularly worrisome democrat, you could actually see people drawing capex into 2020 in fears that the tax cut will be -- >> austin's i'm sure listening i want to go to him. joining us now, michael strain, american enterprise institute and austin goolsbee. the reason i thought about you, austin, was listening to jason you asked where is all of the growth that we were promised from the tax cuts, and i wonder if jies son answered that to

rachel: sign of good times even paul krugman has a job.] >> roaring 20's, we will take it. mayor bill de blasio anti-semitic stabbing attack on washington? >> an atmosphere of hate has been developing in this country over the last few years. a lot of it is emanating from washington. pete piatt i know code talk when i hear it. dan bongino sounds off on the blame game. that's coming up next. most? any comments doug? yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ beautiful dreamer ♪ wake unto me ♪ beautiful dreamer awake unto me ♪ there's a booking for every resolution. book yours, at booking.com >> atmosphere of hate has been developing the last few years. a lot of it emanating from washington and having an effect on all of us. >> you are blaming the president. >> i have to be clear. we need a different tone starting in washington when whic

paul krugman in the "new york times" said that president obama should increase the tariff on china bys going to cause a recession. absolute hypocrisy. the reality is president trump is the one man we have had in the white house over the last generation that says what he does and does what he says. now, if you have got a problem with his character, i guess honesty is your issue. he is a great president. ed: imagine that a politician doing what they say. peter morici. thanks for coming. >> in take care. ed: turns out the president is like many of us when it comes to christmas gifts. he waits a long time. >> what did you get mrs. trump for christmas this year? >> that's a tough question. i'm still working on a christmas present. ed: he is still shopping. do you wait until the last minute as well? we will talk about it coming up ♪ ♪ ♪ ♪ making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette at bass pro shops and cabela's. with savings of up to 50% on select men's and ladies' clothing; footwear; fishing and mar

i was thinking also about something paul krugman, the famous nobel prize economist said after trump wascted, was that the stock market would never recover from the election. lauren: does it seem long in the tooth to you? are we still in the sweet spot where everything is set up that the gains can continue or are you feeling like an inevitable pullback has to happen and if it happens is it a correction or bear market. >> this is not necessarily a bad time to take profits. people have made a lot of money this year. now is not necessarily a time to take those profits. something big happened two weeks ago. we got two major trade deals that have really calmed the markets. the first one being of course the u.s., canada, mexico trade agreement which we've been waiting a couple years to get passed and of course the china trade deal. that has totally calmed the markets. ever since trump announced that, we've seen records day after day in the markets. lauren: do you think between now and november the president kind of keeps the truce if you will with china to not disturb investors, to keep it all

thinking about right after donald trump was elected president on november of 2016 people like paul krugmanaid he thought he was going to cause a dire financial catastrophe. now we have an amazing economy with people making a lot of money in the stock market. not just rich people are making money off of this. well over 150 million americans, about half, who have a lot of money invested in their retirement accounts. >> a lot of people watching those 401(k)s. looking at the early movers today, amazon, apple, tesla, what are the driving forces right now? where are these tail wind coming from? >> technology stocks have done really well. we are the technology capital of the world. it's nice to see that america leads china and europe in those areas. manufacturing starting to make a comeback. it is a comeback weak in the first half of this year and i was looking very good. the housing market is strong. it's hard to find any area of the economy that isn't doing very well. look at the retail sales and the online sales from this christmas season. they are just off the charts. >> what's it up over las

this people like paul krugman and the folks you saw there are liberal democrats.n't like donald trump and the tribe decided to cook up a scenario basically talk the economy down. they were basically letting their politics get in the way of their economics data, reasoning, the history of tax cuts and deregulation were irrelevant to people. the trade deal with china were not a mistake. only polemically used by liberal economists to basically trash the president. the tariffs on mexico hurt mexico. they didn't hurt the united states. they brought mexico to the negotiating table. and now we are getting a better deal. the reality is his policies do work. steve: the policies do work, according to him. you look at the stock market. you look at how people feel. what do you think, given the fact that we are now at 120 records on the dow? what do you credit that with email us 00 foxnews.com. we're also on facebook. brian: agreed to fund the government. unlike last holiday season the president had to stay home at the white house because there was no money. steve: getting the

paul krugman is saying to fox news that the deficit is vastly overrated, go ahead and deficit spend becauseis an investment in the future, whether it is pre-k or the green new deal. guest: when the federal government borrows $1 trillion a year, you're stealing money from future generations that will have to pay the interest. talking about paying down the debt or paying off the debt, when americans buy a home, they want to pay off the mortgage so they own the home. we have a government that continues to renew its mortgage and imposes deficits on future generations of americans. elizabeth warren wants a bigger government and wants more taxes. a: my did in october looked at i did in column october looked at a consumer expenditure survey, which had detailed data that calculated the average american consumer unit, and they mean basically a household but it could be an individual who lives with other people that keeps independent expenses, they calculated with the average household or consumer unit spends on areas different items. it turns out that the average american consumer unit, according to

pete: well emily said she's not an economist but she's better at economics than paul krugman, who keepsam, the white house press secretary said the media is ignoring the president's achievements. watch. >> the fact of the matter is we've got job growth, our economy is booming, the stock market continues to have great highs, the president just has been working on usmca and of course he signed nbaa and the spending legislation that gives veterans more support. border wall funding, we've got descent spending, our very brave military troops a pay raise, a sixth arm of the military with space force, the president continues to work, and we're very very proud of that fact. so the media, the dems they can continue on with this if they don't want to get on board that's okay 2020 is around the corner. ed: she's right there have been a lot of legislated ever victor ies for the president, even amid the impeachment push, and pete is very happy because they involve a lot of government spending which is something you wanted for a long time. pete: ed pointing out the fact that our debt and deficit prob