tv Cavuto Coast to Coast FOX Business December 6, 2016 12:00pm-2:01pm EST
stuart: four weeks ago today donald trump became president-elect of the united states of america, four weeks, adam schapiro, ashley webster, great job which and go straight at it. my time is up. >> we will focus on donald trump and stuart pointeded out, is he causing a lather on this back and forth about corporations and whether they are gouging folks. the latest, boeing, take a look at how he added to the heat. >> we are playing this out of control. over $4 billion, air force one program. it is ridiculous. boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. >> that was the latest estimate to complete two aircraft that
would form air force one, the plane the president flies in. any plane the president flies and get that designation but we are talking specific claims boeing would be making on behalf of the president of the united states, donald trump's way of saying not interested in the stock is feeling the heat as a result. boeing keeping one eye on it stock price, put out a statement a short time ago that really did not address what donald trump was saying, we are currently under contract for $170 million to determine the capabilities of these complex military aircraft that serve the unique requirements of the president of the united states, look forward to working with the us air force on substantive phases of the program and allowing us to deliver the best claim for the president at the best value for the american taxpayer. that sounds to me like a company that is worried it could lose the contract but saying we got a
contract, we got to deal with the air force and reading between the lines trying to also say this incoming president can't cancel it. >> he can't cancel it but they should be worried. they have a contract with the government, they have overruns in their budget of $1 billion on our contract for refueling for the air force as well, taken down charges this year in their quarterly reports because of that. donald trump is saying this is not business as usual. i am your customer and you will deliver good product for less cost, like he is dealing with the contractor on a construction site for one of his buildings and the american people should be thrilled because they got a guy looking at the bottom line. if i was advising boeing i would tell the ceo get on a plane and go to trump tower and meet with the president of the united states, we need to do business with this government and make sure we are moving forward. this is terrific news for the taxpayer and good for boeing.
donald trump said we want boeing to make a lot of money but won't rip us off. >> this shows the defense department a lot of waste depending on who you believe up to $125 billion worth of waste reasonably because of stuff like this. >> absolutely right. an enormous amount of waste in the government and here is an example, the economist fears $272 billion of waste occurring every year on health care. for donald trump and the kiosk going off to boeing on the notion of whether it is $1.7 billion, whatever this amount is a tiny known to of fraud out there, just him looking good. this is really a solution, this isn't a policy. what he should be looking at is improving manufacturing, dealing with the underlying problems within manufacturing, the fact that in the last 20 years -- neil: he is citing this example
as waste and abuse and the type of thing -- >> absolutely but not like he is first-person in the political universe talking about fraud and abuse. neil: said something meant for him in washington, don't want it, don't need it. >> he doesn't have the power to do this anyway. he needs to focus on learning to be president and impact the economy more broadly, putting taxes in place by getting the right incentives in place so companies are doing that? neil: that is what he is trying to promise by promising lower regulations and lower taxes, the incentive that a lot of companies in the past move, would they be allowed to quietly move, boeing has a lot of this work that has been shipped to india and china. it means they keep more workers and boost more workers.
donald trump is saying don't believe it. >> a lot of pressure to compete globally. and -- neil: principle competition from the government consortium. has a distinct edge over this company. >> the obama administration dragged their feet on some contract approval overseas, recently with kuwait who wants to buy jets and pairing it up against airbus, this administration will of donald trump's policies improving contract overseas, cut their taxes and cut back regulations, this is not a publicity stunt, this is sending a message if you want to do business with the us government you are going to cut a fair deal for us and deliver on time and under budget but at the same time, tax-cut and
rolled back regulations, free and fair -- neil: i am always amazed, to entertain another playmaker beside boeing, if memory serves me right, we saved their sorry asses so i would think they are beholden to us and grateful for that and our manufacturers -- leaving that aside. do we have to revisit the way these deals are arranged, writing out checks that are outlandish to. >> clearly economic decisions and foreign policy decisions, and what trump is doing is problematic in the future. and is this a french government
backed consortium? neil: i want to thank you very much. and signaling search for secretary of state just got longer, got a lot longer. washington examiner, best i can tell, we added three doorman outside the building to the secretary of state and the guy picking up the bags outside the main elevator. what is going on here. >> it is all over the map on this? we have senators, former generals who leaked classified information, general david petraeus. stuart: neil: must not be satisfied with the crowd he has. teaching seems to have gone from a deficit to a season -- and this is a serious job and he wants to take the right candidate but i think the length of time and expansion of the
candidate does not go well from the early contenders, rudy giuliani and mitt romney. they must be feeling jilted after mitt romney went to trump tower and the obsequious, those two people. >> to expand the search. this has gone on. >> very public process. neil: don't know if this is a bad thing. >> from a reporter's perspective it is a gold mine reporting. it is good for the president to way these options, and certainly his basis for rudy giuliani, the mitt romney backlash is
interesting to see. going out there and tweeting against mitt romney. this is part of a very democratic process. very refreshing. neil: getting everyone talking to look like they are angry with each other and playing games with each other. >> there is a theater, using it to their advantage have they have this season, this whole campaign. it is very unconventional, and the president and ceo, that would turn washington, international foreign policy experts on their head, they would not be able to fathom
that. neil: there is precedent for seasoned this man getting that post. it has been a while since kennedy. >> rex to listen knows the international landscape very well. doing business all over the world, friends vladimir putin, interesting note, friendship award for vladimir putin, so close. and they are -- and and this is going to be an earthquake
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>> look at obamacare. you had 23 co-ops given to billion dollars, 15 already failed, insurance leaving the market so you don't have choice. you have to pull it out to go through and replace it. we will have a transition to make that happen but to have happen is to get it right, not just within 100 days but get the system right. neil: that was kevin mccarty talking about trying to repeal and start fresh with obamacare, won't have anytime soon. and they don't have alternative plans but that is something n proof of that is what louisiana senator bill cassidy and chief sessions have been talking about, alternative for obamacare called for a lot of free-market features that are alien in the
affordable care act. welcome to both of you. i will begin with you because part of your plan would illuminate individual employer mandates and allow young people to remain on their parents health insurance plan and preexisting conditions and the rest. what with the timeframe beyond this? kevin mccarthy seemed to be intimating no time soon, certainly not a 100 day initiative. what do you say? >> as the repeal you should know what you are going to replace it with. it doesn't mean the replace is fully implemented right off the bat that you should have a goal where you're going. neil: what is your goal? >> our goal would be to give states a choice as to what sort of plan would take place, so year one you pass legislation which enable states to make a choice and the state could then make a choice in which those get a tax credit to purchase the insurance of their choice and
year 3, year 2, year 3 the state implements, year 4 obamacare goes away in the new plan helps to come. neil: you are up to year 4, not here to apart your deal anymore, the present deal. a lot of people come at you and say millions more americans will be signing up for the existing affordable care act, north of 35 million, what do you do for those individuals as they transition or appear -- would not have coverage? >> go ahead. >> working in the hospital for the uninsured for 30 years, i take as my prison that patients, trump voter, she works hard, but needs help, if she has abreast lump she wants coverage. the idea that as we transition out we allow obamacare to continue and it goes away, the
new program begins, meets her need. he doesn't like obamacare but has abreast lump. neil: won't leave her dangling there. do you agree with that, that there would be a way however you move or transition to this new plan, that existing people are covered will continue to be covered? >> the essence of this has gotten into it and effective quickly, offer and alternative plan that would use existing money that is already in the system. remember $700 billion a few years ago was taken from medicare to fund the program. hundreds of billions, $1 trillion or more that resides in the system today. we can make the transition in one or three years, we can do it
effectively immediately where the next october, october 17th, people can transition and receive the benefit. we give states time if they choose to do it or choose immediately to do it but here is the bottom line. every single person that has their own doctor or healthcare can keep it but we will transition to a free-market plan and people will make the decision but what we do is use the money that is available in the marketplace today rather than letting it run out in four years from now, an authorization we are getting to the end of. republican ideas, tax credits for everybody. the difference in the marketplace is who gets healthcare on a pretax basis and who doesn't and 150 million americans get a tax advantage today. if everybody is on the same
page, then you can purchase your healthcare, you can keep it, not use it or lose it and we have a better system. this is what bill and i propose. neil: i want to thank you both, intriguing to put it mildly, thank you for taking the time. the democrats are looking for a fresh face, a new face for the future, joe biden. in 2020, he would be almost 80 years old. there you go.
neil: the new fresh face for the democratic party is joe biden was the vice president hinting he can't rule out a possible run in 2020 by which time, 708 years young, what might that say about democrats at this stage, still early but what do you think. >> probably unlikely he will be running in 2020 because a lot
can happen between 74 and 78, he will be 78 years old but may not want to deal with this. it came out of how annoyed he is or how angry he is, the less eight years working with obama to pass obama's agenda, thinks he could have run for president come all the hillary people came at it, close aides to him came at him for hillary, his boss told him to sit this out, we got this and thinks he could have beat donald trump if he put his hat in. his legacy in office get rolled back by president donald trump, he's really upset. this does show he is not going away from the national stage with the donald trump residency. neil: if anyone on the president is a worse campaigner than hillary clinton it is joe biden. he has run and gotten as many votes in the studio. you know what i am saying?
>> it is a mixture of people overestimate, underestimate him, when you run against paul ryan, and paul ryan will clean his clock. neil: just on the stump generating both, a while since he ran for president, he ran into thousand 8 and dropped utterly, ran in 1980, the year they -- the british politician -- he didn't really inspire in either go. >> didn't really inspire that much, confident in him to get the nod from his own boss to run this time. could be a great big nothing. he is looking at this like i can talk to work -- white working-class voters better than hillary clinton can. neil: you always talk about the young up and comers or anyone up and coming, governor andrew cuomo of new york, the senator
from new york, names like that. who else is on the bench, willing and ready to try it out? >> the republican party, i would not be worried about either of them. who i would be worried about is michelle obama. not a ton of experience in the way maybe those guys do but as we saw with her husband it is one or two magic speeches that put you on the national stage, this person is a good speaker, this person might be inspirational an
♪ ♪ neil: this is a bull market, but to a lot of people, it's long in the tooth. what do you say? >> i get the great opportunity as ceo of nasdaq to spend a lot of time with the leading technology companies here in the u.s. and on a global basis, and the level of innovation is quite impressive. what you have in the valley and technology havens is the opposite of what you think about in the rest of the country, is that you do not have enough people to fill the jobs that are available. so, certainly, if the president-elect addresses that issue and addresses it early, i think that'll be very positive. neil: donald trump must have been listening, because no
sooner was that said yesterday, we got news that donald trump is planning a summit, if you will, with some of the silicon valley stars, not outlining who they are, but wants to break bread with them and discuss ideas going forward. to silicon valley scott mcneal, good to have you. what do you make of that? and the idea that even though -- i'm not saying it's a monolithic community, but that it's a largely liberal community, not keen i think it's safe to say on donald trump. but now four weeks later after his election, making overtures to donald trump and sitting down and talking to him. what do you make of all of this? >> first of all, silicon valley's going to be very pragmatic. they all understand capital and stock price and market value. and, you know, we actually tracked that our company morale tracked perfectly with stock price. neil: i bet it did, yeah. >> yeah. and then, you know, you can run
all your plans and programs internally, but if your stock price goes up, everybody or's happy. another thing they're all going to have to do is up their twitter game, i think. [laughter] i'm trying to up my game, and i think they're going to have to, because that becomes the new way to get your corporate message out. neil: what did you make of that? you talk about his tweeting, what he has said about boeing, what he's said about carrier, what he said about another indiana manufacturing company shipping jobs to mexico, that isn't going to happen. but he's upping the ante and tweeting throughout. >> he's awesome at picking out the things that have been frustrating people like crazy and making -- he's sort of like a boston cab driver. he doesn't really look up, he just tweets it and looks straight ahead -- [laughter] and it scares everybody to death, but i think it's a good thing to get people rallied around the ideas, and i think he's putting a lot of business people in, a lot of experienced people in who will then say, all
right, he's created an enormous amount of uncertainty and chaos, but that gives us an opportunity to reorder and do the right things. i've always said, you know, the worst ceo is a thousand times better than the best politician in terms of driving us fad and less regular -- forward and less regulation and liberty out there in the marketplace. i'm pretty excited about -- i moon, be a little disruptive. heck, i named my first kid maverick. neil: did you really? there are some purists and capitalists who say, wait a minute, mr. president-elect, we like what you're trying to do here, but you're interfering with us, you're strongarming us, tony soprano-ing us. that's disruptive. you're playing favorites. it's the reverse but no different than what barack obama did with solar and wind and all that. >> well, you know, he's a developer, and sometimes as a developer you've got to bring the wrecking ball in first.
and, again, create that chaos, create the urgency and get people scared enough to move and do something about it. i think that's what he's doing. i certainly hope that's what he's doing. and he's, like i said, he's got a great set of people who can then come in and reorder the environment in a better way, reduce regulations, get productivity, get people back to work, you know? put some rule of law back into some places, and, you know, i think he's, i think he's going to listen quite well. and i think he's going to not implement, but have other people do the implementation. that's, i think, been his m.o., he's clearly all about the art of the deal, and he understands that getting the issue understood, on the front pages and getting popular opinion behind its has always been key to getting something developed, if you will, or moved forward and changed. neil: what do you make of the guarded response boeing had to
this big dust-up over what now is a $4 billion air force one project, i guess, for two planes? it's gone up significantly the last few years, and trump must have looked at it and said are you kidding me and said, no, cancel the order. and the company coming back and saying, well, you can't just cancel an order that's already agreed to, but giving pause to maybe what you said, the public reaction that people are doing what you're just doing now, saying how does it get that out of control that a bid goes way beyond the original price? the $450 hammer since -- neil: right. >> -- sun microsystems. so this is him, again, bringing up a big issue. you know, congress buys airplanes, he doesn't and all the rest of it. he's just bringing to height an issue that he wants -- to light an issue that he wants to shine a big, huge spotlight -- neil: he can't cancel that order which boeing was saying, i don't want to repeat the whole statement, but he's sending a
message this has got to stop. >> absolutely. i mean, he has with one tweet created more focus and attention on this issue than, you know, there's all kinds of great congressional evaluations of all of the silly spending that goes on in congress. i think that goes around the internet and everybody sees it, but nobody seemses to think anybody cares about it. he's saying i care about it, and i'm going to start at the top. i'm taking no salary, and i'm not going to buy the $4 billion airplane set. i think he's sending the right message. the real issue is, is he putting a great team on with that kind of air cover that he's providing by going directly to the world on this thing, directly around the media on these things, does he provide the air cover and a team that can go with implement and do some significant change? we all know there's an enormous amount of waste in government. by definition, it's a monopoly,
and monopolies are corrupt, inefficient, very expensive -- neil: surprised so much that within defense, as the washington with post wrote, it's $125 billion worth of waste. >> there's so much you can't even account for. we don't even know how to do accounting in the government, so how can we know how much they're overspending? if i reported my numbers as inaccurately as the gao does as a public company ceo, i'd be doing a perp walk in front of a grand jury. [laughter] neil: switching gears very quickly, the list for potential secretary of state candidates has widened to even include the head of exxonmobil, and a lot of people -- liberals particularly -- are aghast at that, that an oil guy, let alone a close friend and confidant, too strong a word with, but has done business with vladimir putin in russia is the last guy you want as secretary of state, but he's still getting that meeting with donald trump. what do you think? >> like i said, the world's
worst ceo -- now, here's a fantastic ceo who's got, i mean, when i used to be with sun microsystems, i had the double-stacked passport, he's probably got a quadruple-stamped passport and probably more than the rest of congress combined. and these are the kinds of folks you want, who have been there, who haven't been there on pr trips or vacation, but have been there doing business, meeting the people, understanding the lay of the land, understanding the risks. when we went into each new country, we got a huge overview on what the political and economic and regulatory landscapes were in each of these geographies, and we became, i don't know, i'm -- i think that's a wonderful answer. a mitt romney who's traveled around the world on business, knows and understands it, who have passports who are, you know, triple, quadruple stack ld, those are the kinds of people you want getting involved in these kinds of issues. neil: that's well put. if you're well traveled, you're
at least very familiar with the travels that you have to make. scott mcnealy, great catching up with you. thank you. >> great. thanks, neil. neil: in the meantime, do note today 4 p.m. eastern time barack obama is going to make his final, his last his very, very final, final, final foreign policy address. what do you think's going to come up? after this. ♪ ♪
>> i'm nicole petallides with your fox business brief. stocks slightly higher, but we're taking a close look at apple after some research from idc noting that apple fell, the apple watch sales in the third quarter dropped 71% year-over-year while wearables total, which includes fitbit and garmin, actually gained. we are taking a look at a two-day chart of apple, it dropped off yesterday when the news broke, but today it's higher as tim cook, ceo, says sales growth is off the charts. it's going to deliver its best quarter yet for this gadget for the holiday season. so positive comments from tim cook. see the watches there on the screen. taking a look at the wearables overall which include names such as fitbit and garmin, fitbit today, i should note, is at an all-time low. apple, in the meantime, gaining about 3.6% for this year, 2016, and it's looking forward to the holiday season.
♪ ♪ neil: all right, what's that expression, better late than never? facebook, twitter, microsoft, youtube coming together, they're hoping to stop the spread of terror online. they're going to build a database, i guess they're going to combine records, photos, videos used to recruit people there and, i presume, give authorities a heads up, although that could be a leap. whether that comes up in the president's anti-terror address today which is being deemed his final foreign policy speech, anyone's guess.
we've got retired lieutenant colonel scott mann and former assistant homeland secretary doug smith. secretary, would this working with online players, big internet players to sort of weed out potential terrorist writings and musings be a step in what the president will outline today? >> i think it's critically important. when i was at dhs, we spent a lot of time working with many of those players. it's a great challenge in a free and open society of balancing national security needs against privacy needs. i think mark zuckerberg at facebook has been talking about this a lot. i think it would be significantly helpful. the state department and others have made great strides in pushing back at isis' very impressive online presence, but there's a lot more to be done. i think the trick will be how do we sort of balance those factors between a free and open society and privacy. i know our national security experts would love greater ability to utilize that, because
that is a great way to stop a lot of these people, track information -- neil: oh, absolutely. i guess what i'm saying, and, scott, maybe you can help me with this. i thought this was already being done. i thought they were screening the nut cases and their musings, but they're starting this only now. and coordinating this only now. and i don't know what they do with that material or to whom they give it. but it's, it's happening. what do you make of it? >> well, you know, i'm -- i agree with the secretary that it is important, but i don't necessarily agree that the state department hasn't done a great job with narrative or counternarrative against isis. i think isis is.comuating in that arena -- dominating in that arena. i think we have a long way to go. i'm glad to hear that the ceos are onboard, but we have a lot of work to do in this arena, neil -- neil: what would you do, captain, i mean, if you had to sort of police this or follow this, how would you do it?
>> well, first of all, i think just acknowledging what the narrative of, for example, isis is. i mean, this is an organization with an apocalyptic mindset that is bent on ushering in, you know, the end of days, and they commit atrocities, neil, that are, you know, reminiscent of the nazis. and the way frank capra, you know, in why we fight with his world war ii documentary mobilized the world against the nazi movement, i'd love to see some kind of social media, you know, stance like that of why we fight, why we stand, the stark differences between a free society and organizations like isis. and, frankly, i don't think we've scratched the surface on how we could do that better. neil: secretary, i'd be remiss if i didn't mention john kerry maybe unintentionally, maybe intentionally kind of successor inging the president that the sames red line incident where he threatened action if syria started using chemical weapons, it did, but he never responded. i know what secretary kerry was
saying, that the president was sort of leaving it in congress' hands if it authorized him to do so, he would do so. but the red line was drawn, the regrets mounted afterwards that we didn't follow up. what do you think of that? >> look, i think you bring up a great point. i think it's an interesting challenge that the incoming president-elect's going to give. congress never voted to give the president thoart to, in fact, go to war against isis. and i think that's one of the great challenges we're facing. i think president obama quietly -- i think the teddy roosevelt's expression applied, it applied to president obama. he's had some tremendous successes in tapping back a lot of their advances. isis is a horrible threat to society, i couldn't agree with the colonel more. they are horrific. when they murdered and burned alive the jordanian pilot, i really thought that'd be a watershed moment. it wasn't. in the meantime, president obama and working with the allies in the region have pulled back over 50% of the territory isis has --
neil: would you regret that moment? again, whether it was the president or not acting on the red line or congress for not giving him the authority to act on the red line, that that emboldened and still does isis to this day? >> look, i think we can all regret, you know, mistakes get made along the time. i think we can look back when the bush administration disbanded the baath party in iraq. -- baathist party in iraq. i hope president-elect trump will take the time to sit with the outgoing national security leaders within the administration. look, there are things they can do better, and there are a lot of things they can learn from it. what we can't do is throw it all out and start over again. i agree with the colonel, there's more that can always be done, but there's a great framework that's been put in place, and now we need to finish the job. neil: colonel, do you think it's a great framework, that donald trump should seize on that framework? >> i believe that every president, neil, should build on the actions of previous prime ministers. that's an inherent responsibility that our
political leaders have, and frankly, it's what our military deserves. we should not just throw it all out and start over. however, we should also look at what did not work, be very honest about it and give our men and women on the ground a strategy they deserve and the top cover to do it and the authority to do it. and right now i don't believe they have that. and we need to, we need to circle wagons and get them a strategy that enables them to win instead of trying not to lose. neil: gentlemen, i want to thank you both for taking the time. great job. >> thank you. neil: all right. we told you about this, upwards of $125 billion of waste in the defense budget. $125 billion. that's about a quarter of the defense budget. just frittered away. now what? ♪ ♪
♪ ♪ neil: how is it possible to fritter away, to waste $125 billion and then once it's discovered, to hide it from people? well, that implies that you're hiding it from pretty good reporters and newspapers like "the washington post" and now our own gerri willis with the details of how that figure got so big. >> well, neil, this is unbelievable, because the pent pentagon asked for it themselves. as you said, here's what it showed, $125 billion in waste. you probably thought the budget was far bigger than $580 billion given that they wasted 125 but, yes, it is nearly a quarter of the budget. what are we talking about here? this is all back office spending, this is human resources, health care
management, supply chain, acquisition. these are the folks that make the wheels run, but at this cost? and take a look at these numbers. so we have a million contractors, civilians and uniform personnel who are doing this work against an active duty proofs of 1.3 million -- troops of 1.3 million. one to one practically, people backing up our troops and the number of troops we have which, of course, is the lowest since 1940. but i have to tell you, when you look at these numbers of what is the world's largest corporate enterprise, that's what the authors of this study said, it's astonishing. in terms of just managing property, property management, the pentagon has 192,000 people doing that at an annual cost of $22.6 billion. and then supply chain, half a million people, 457,000 people doing that for a living. we just reassigned that money to our troops who desperately need
it, we could hire 50 army brigades, 3,000 f-35 joint strike fighters, we could buy those. the money could be used the actually protect this country. now, the pentagon basically just hid this report since they asked for it, they figured it was theirs, they could just hide it. they were afraid their budget would get cut. he's what they said today to fox news, that the report had limited value because it lacked specific actionable recommendations appropriate to the department. neil? neil: gerri willis, thank you very much. what indicates more of that is the white house responding and donald trump saying cancel this air force one contract. the white house says some of statistics that he cited on air force one do not appear to reflect arrangements between boeing and the department of defense. the white house says americans would expect that future presidents would benefit from upgrades to air force one. then again, mr. trump has already said i don't want the thing. cancel it. here we go.
>> the plane totally out of control. it's going to be over $4 billion. it's for the air force one program, and i think it's ridiculous. i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. neil: all right, that was donald trump commenting on this $4 billion charge now, estimate for air force one. i think it's technically two planes here. still, any plane that the president travels in automatically gets the designation of air force one. obviously, we're referring to the boeing planes that they've been making for the last two decades for the commander in chief, and this is one incoming commander in chief who doesn't want the thing. charlie gasparino now on the bigger picture here of, once again, donald trump calling out an individual company. what do you thinksome. >> i think it's troubling. i mean, listen, why can't he -- if he thinks they're overcharging, by the way, i
don't know if there's evidence that they are -- neil: yeah, you're right. i'm not saying you're right, but what the white house is saying is that this is not the way it's reflected by mr. trump. >> yeah. i mean, where's the evidence that boeing is ripping off the u.s. government? if there is, let's get the attorney general involved, let's get -- neil: but these things were quoted at $1.6 billion a few years ago, now they're up to $4 billion. have you ever worked with contractors -- >> they were 6 billion -- neil: 1.6 billion. >> and now they're up to four. neil: well, that contractor in your case wouldn't be alive. >> right. neil: but it does make you wonder. >> if they are doing a number, that sounds like they're hiding costs, that sounds illegal -- neil: it happens all the time. >> the u.s. attorney -- well, if they're ripping off the government, that's illegal. neil: they might be able to justify it. >> let me ask you this, if it was true -- because it's probably, they're probably not ripping off anybody, their costs probably went up -- neil: no way they went up that much. >> who knows? you don't know.
i mean, i'm not an expert at this -- neil: i was having my kitchen remodeled and in the middle of it, they doubled the price for the oven. >> you've got the air force one of kitchens -- neil: i do, indeed. [laughter] then i had the heart surgery and thought i don't need -- >> you want it to be -- neil: exactly. >> perfect temperature. neil: leaving aside whether there were overruns here or not, you just didn't like the series of events -- >> it's two in a row now. neil: technically, three. >> well, the first one i thought was a good, the carrier one, he went to them and said here's what we're going to do with the economy, here's why you should stay, and he saved a bunch of jobs, and that was great. the second one was rexnard in indiana, just attacked them. took tens of millions of dollars off their stock price. there's nothing illegal about what they want to do, they're a public company that wants to lower costs.
and here, same thing. we think you're doing a number on us with boeing -- >> but this is about using the bully pulpit of an office he isn't in yet. >> and he's manipulating the stocks. neil: manipulating is a strong word though. you're saying he's doing it for his own benefit. >> no, no. neil: that's what i think. >> here's the thing, neil. the hammer that he has against private enterprise going forward as the president, as the president-elect, is the bully pulpit to take down the stock price -- neil: absolutely. >> but to force down the stock price by sayiing listen, you're going to have the president of the united states against -- even if there's nothing he can do on this contract, to have a black mark on you from the president of the united states hurts you in a lot of -- neil: but doesn't every president do this to a varying degree? when they drag those banking ceos before congress, their stocks usually are suffering that day. >> off and on. neil: right? or ronald -- >> i think off and on. neil: ronald reagan ripping the
solar panels off the white house, that hurt the guys -- >> sure, sure. but that went after an industry that he thought was problematic. i mean, he's -- by singling out company after company after company -- >> neil: what's wrong with they think twice about doing the kind of stuff for which they're being charged? >> listen, if they're guilty, nail 'em. but i think going after a company without any, i mean, he didn't really lay out any evidence other than i think they're ripping us off. neil: we're up to four billion. to your point, and i should stress, the white house says that some of the statistics cited by trump on air force one don't appear to reflect arrangements between boeing and the department of defense. so you could be right there. it further says americans would expect that future presidents would benefit from upgrades to air force one. that's where donald trump has said i don't want the stupid thing. >> good. by the way, he should ride around in his plane which is in the realm of private planes, his is kind of an old -- neil: 1991. >> it's not a very good one.
neil: but he poured $100 million to fix it up with the gold-plaited -- >> that's why he didn't have enough money to run for president, he had to borrow some from wall street during the election, he got campaign contributions. neil: do you think any of this will have the desired effect when he becomes president? you'll think twice about crossing him, and he sends a message, a very populist message out there he's going to stick up for u.s. workers, he's going to stick up for the u.s. taxpayer? >> maybe. maybe it works. listen, here's the thing, his base loves it, they think this is capitalism, which it isn't. i'm sure steve bannon is kind of behind this. i'm sure that anthony scaramucci and reince priebus and steve mnuchin are in sweats right now. and i think, you know, he's in -- listen, he's a brilliant guy. he got in there through the sort of jiu-jitsu -- neil: i think he likes being unpredictable too. that's why republicans think he's one of ours, boom -- >> and some of that is great. the taiwan thing was perfect, right?
i mean, listen, you want to cut better deals with china, guess what you do -- neil: you think that was deliberate? >> i think that was great and deliberate. he calls up the chinese prime minister, and he violates protocol with the chinese government which, you know, goes out and killing its own citizens all the time -- neil: this was the taiwan leader calling him. >> i think he called first, and she called him back. neil: well, i think bob dole made the arraigningment so she would call him -- arrangement, but you don't have a problem with the diplomatic etiquette. >> wasn't that great? put china on its heels if you want to negotiate with them. neil: in other words, it wasn't us being provocative, they've had a long history of being -- >> the chinese are running around the south china sea trying to take over islands -- neil: good point. >> my point is he's got to learn how to draw the line. i think if there's unwith thing, neil, that can snuff out a trump recovery, it's doing this sort of stuff with american businesses, demonizing them. doing what obama kind of did -- neil: unless some of them are doing that.
>> you better have the evidence. we don't go on our air or and just say, oh, boeing -- neil: we do say hateful things about donald trump. >> no, i don't. i say nice things about him too. neil: let me ask you real quickly about talk that ivanka trump and her husband, jared kushner, are reportedly considering moving to d.c. to be closer to, presumably, the incoming president? >> well, kushner's going to be in the white house maybe, right? as an adviser. neil: a lot of potential conflicts. >> huge. because she runs the trump, the company, and kushner, obviously, they're not going to -- listen, this is what we've got. i've always said it from the beginning, we're going to, because of his business interests are somewhat entwined just naturally with national affairs and trade -- neil: right. >> -- we're going to have this conflict. i think as long as he's up front about it and takes some steps, i think the american people -- that is a tempest in a teapot. if he goes out of his way to
enrich himself and his kids while he's president which, i'll tell you, that statement that he made to the times that he can run -- so ill-advised because that's going to follow him around. but if he does that -- neil: what he's doing is not illegal. >> of course not. but if he enriches himself, it is. there's trip wires. anti-bribery laws. listen, who would you rather have, hillary clinton or a businessman in there? that's what the american people said, we'd rather have a businessman. neil: okay, very good seeing you. are you interested in running for the secretary of state job? >> is it still not chosen? well, bolling is available, i think. neil: the has gotten long, and blake burman on how much longer it has gotten, because a special, special entity is coming to trump tower today. blake? >> reporter: hi there, neil. that's exactly right. rex tillerson is here at trump tower. we still believe that he is here. got here earlier this morning, no reports of him having left, so it's quite possible that he's
inside for the last few hours or so. tillerson, as you know, is the ceo of exxonmobil, and it is believed at this point that he is one of the many that is up for consideration for is secretary of state -- for secretary of state. here's the reason why i say we believe that to be the case. we were on a call with the trump transition folks earlier today, and they kind of pumped the brakes on this whole notion that everybody that we've heard about and potentially talked about for that secretary of state role is, indeed, a candidate. they say that the president-elect, mr. trump, is indeed talking to some folks who are candidates and others who are just giving some advice. where we all stand with this, let me walk you through where everything was last week. you'll remember the trump team said there were four people who were potential secretary of state candidates, and they went so far as to distinctly name two as they did today, mitt romney and rudy giuliani. and at that point the other two were believed to be tennessee
senator bob corker and the famed wartime general, david petraeus. since then, about a half dozen or so other names have been thrown out there. you can see just how wide it is. current lawmakers, or former lawmakers, republicans, even some democrats on that list, businessmen, a half a dozen or so. earlier today they did not give an exact number of how many secretary of state candidates there are. the transition focus, i'm talking about. they did not give an exact timeline. they're just to say the president-elect is taking this seriously and that he'll make a decision when he sees fit. for today, it's tillerson here inside trump tower, neil. neil: longer and longer and longer. blake, thank you very much. blake burman outside the trump tower. all right, that dakota pipeline was stopped because of protests. well, it could get jump-started again, but don't hold your breath waiting for that to happen. ♪ ♪
neil: all right, in case you're counting this gain, lackluster though it might look to you, is still good enough if it maintains to itself to see 19th -- or 11th, i should say, record close on the dow. so really just about 4.25-4.5% jump in, we're keeping an eye on it. opponents of the pipeline deal tying it up, and now the administration has said to the army corps of engineers, you know, put the kibosh on it right now, but it might not be dead. it just could be a while before it dies. south dakota republican senator might have an idea where it stands. where does it stand?
what did they tell you? >> yes. think right now it's in a delay. i don't think anything will happen until after the next administration steps in. it is not stopped, but it's not going to happen between now and january 20th. neil: if after january 20th donald trump said put this thing back on and these protesters don't leave, they stay -- in fact, in greater numbers because of the fear that he'll do just that, their fear -- then what? >> well, you know, some of these protesters are citizens from south dakota coming up who have concerns about water quality and so forth. we're going to try to do the best we can to answer those questions. the tribal members that are there are concerned about their water quality -- neil: i thought all that was addressed, senator? i thought all that was addressed, and it was all spelled out? >> i think they are. but nonetheless, clearly it hasn't been addressed to their satisfaction. they have the right to protest, but we want it to be peaceful. in the meantime, i think the project will move forward.
i think they've chosen the right location at this stage of the game but, you know, they're going to go underneath a lake that's in the missouri river, between 90-115 foot underneath the base of the reservoir itself. they've got a double-walled pipe, they've got switches at both end. i mean, they've done what they're supposed to be doing in terms of protecting the water supply and the water quality. but we till have to be able to answer and do the best we can anyway to answer those questions. but in the meantime, that's a very important project. it means moving a lot of oil in a very short period of period oe safely than if we were to use rails and also more efficiently. so i think the project will proceed, but it may be delayed for a while. and, you know, we talk about it being kind of a cooldown period, and in north dakota it's more than just a cooldown right now. i think a number of the protesters from around the united states that came there, they may very well get not only cold, but bored for the next 30 days or so, then we'll see what happens. neil: you know, i know it's been very, very cold there, what have you, but the fact of the matter
is oil prices, energy prices in general have been jumping of late. this does not help matters any. there's a real possibility this could be delayed months, if not years just going through the back and forth on this. so today's slide in oil notwithstanding, it's been in and out of 15, 16-month highs. how long do you think this continues in your gut? >> well, you know, they're going to be able to run about 470,000 barrels a day through that pipeline. it's sweet crude, it's a very high quality oil, and the savings by running it is probably $3-$4 a barrel. i mean, that helps at the pump as well. and it makes us more efficient in termses of being able to produce oil in the upper midwest and less dependent on oil coming from any place else. the question is whether or not it's been done safely. i think it has been. the corps of engineers, i think, is in a quandary because they've done exactly what they were supposed to do, and i think they're going to have to go back and get directions from the
secretary of the army to find out exactly what he expects of them, because they've followed the law, they're executing it according to plan. there's only ministerial action left which is to authorize that lease so they can actually build that pipe underneath the reservoir. neil: we'll watch. senator mike rounds, thanks for taking the time. appreciate it. >> yes, sir. neil: boeing shares, by the way, which were down with donald trump targeting that $4 billion contractor for a new air force one -- technically, two new air force one planes -- well, they have rebounded. the white house coming to the contractor's defense in a weird sort of way. it's like democrats are republicans, republicans are -- it's just weird. bottom line, donald trump says this $4 billion plane, i don't need it, stick it. he didn't say stick it, but that was essentially the message. and now, apparently, the white house to the defense of boeing saying that this is something, this is a plane that will benefit future presidents, presumably mr. trump included
although as i told you, he has said he doesn't want the darn thing. all right, we already know the chinese are very upset about the president-elect taking a call from the leader of taiwan. they say it's very, very provocative. donald trump has been coming back at the chinese for saying you're talking to me about provocative? ♪ ♪ you can't predict the market. but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. hashtag stuffy nose. hashtag no sleep. hashtag mouthbreather. just put on a breathe right strip. it instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right.
>> if we don't get smart quickly, china will destroy our country. i don't want from china. but you almost have to buy from china. it's ridiculous. china is draining our wealth. the chinese do not respect us. china is absolutely taking advantage of this country. there's never been a country that's abused us like china abuses us. right now china's taking all of our jobs. they're laughing at us. they think we're so stupid. china is taking total advantage of the united states.
neil: you got a pretty good idea now, for years donald trump has had suspicions about china and whether they're taking advantage of us and rigging their currencies, now, of course, the south china sea, militarizing islands that it technically doesn't even own. so he probably was very surprised when the world made a big deal -- particularly the chinese -- of his accepting a congratulatory call from the president of taiwan to the former new hampshire senator and governor judd gregg on who is provoking whom. sir, very good to have you. he does raise a good point, and that is i'm the one who's being provocative, accepting a congratulatory call? but what do you make of the dust-up and how big a deal the chinese have made of this? >> i think it's going to be a very big deal. i think the chinese feel that the united states is aggressive in our foreign policy in a way that undermines their status,
and you've got to remember that china has 1.3 billion people. that's a billion more people than we have. he was an economy which will be equal to ours in about 5-10 years, and they have a military which will be equal to ours probably in 10-15 years. and so they don't see themselves as step-cousins to us, they see themselves as equals. so you didn't deal with -- you can't deal with them in a cavalier way. plus, they're headed into serious economic pressures in china, and my concern is that the chinese leadership which is an autocracy, they only have to get the politburo to agree with them, will try to take, distract their people as their economy sputters here because of the institutional structures which aren't working and because of their demographic problems, will try to distract their people by actually taking, using the opportunity that a potential confrontation would create to create nationalist feelings of --
neil: well, do you then think, senator, it was a mistake on the part of donald trump to take that phone call from taiwan? we're told that it was set up by your old colleague and friend, bob dole? whatever, it was done, but what donald trump has been saying, someone wished me well as president-elect of the united states, and china's doing all this stuff with rigging its currency, rigging its trade, militarizing these islands in the south china sea that it doesn't even own, so who's zooming who here? that's essentially his deal. >> well, i actually don't think it was a mistake to take the call. what i think -- neil: so you think that was a deliberate strategy. >> well, i don't know whether it was a strategy or not, but i don't think taking the call was a mistake. i think what was a mistake was not at the same time when it became public that he'd made this call or that the call had been made to him, that he didn't reaffirm the shanghai accords, the nixon policy and the one china policy so there was no issue as to trying to reset that after 40 years. and if he'd done that and in a
accurate rah effort along with taking the call, i don't think the issue would have been raised. but he took a different approach which was to, basically, put forth a very legitimate list of issues that we have with china -- neil: so maybe it was part of that strategy to say, look, this might be our decades-long policy, but, you know, things are going to change with donald trump. what do you think? >> well, if that's the change he's going to make, that's the wrong change. the one china policy has kept the taiwan issue under control, and the chinese are incredibly sensitive to this issue. it's the only thing they ever want to talk about when you go over there and meet with their leadership. that's the first issue, are you going to maintain the one china policy, is the shanghai accords, are the shanghai accords still in place, and we've always said yes -- neil: that means -- [inaudible] don't want taiwan to be part of china, right? that's how they see it. >> oh, yes, of course. their position is -- [inaudible conversations] their position is that taiwan is
part of china. neil: right. >> and our position is, is that it is not part of china. but we've agreed to both sort of turn the other way on the issue and move on to other issues, and that's exactly what donald trump should do. he's listed four or five really legitimate concerns we have with china, and the biggest one is the south china sea, by the way, and their attempt to assert hegemony over that part of the world. and it's a very sensitive issue, and it's an issue that could lead to, unfortunately, a live fire situation. so i do think he should take those issues on, but to take them on in the context of revoking the one china policy would be the wrong initial step. the initial step should be these are the problems we have, and he listed them. he listed them quite accurately. now let's sit down and see how we can address those. neil: how do you think he will be on foreign policy? >> how do i think he'll be? i think it depends on the type of folks he surrounds himself with. so far his choices for the cabinet have been exceptional. i mean, they've just been
exceptional people; strong, thoughtful, substantive people who know how to get things done. and if he picks that type of secretary of state to go with his defense secretary, to go with his cia head, to go with his commerce secretary, then i think he's going to be getting really good counsel -- neil: what if he picked rex tillerson -- >> [inaudible] what? sorry. neil: what if he picks exxonmobil ceo rex tillerson as his secretary of state? how do you think that would go down? >> i have no idea. obviously, he's been around the world a lot. whether or not he has the knowledge to be a strong secretary -- my choice is bob corker. he's one of the strongest senators we have. he knows foreign policy inside and out. he travels to all the worst places in the world and finds out what's going on. extraordinarily talented guy. neil: all right. senator, governor, thank you very much. >> thank you. neil: all right. stocks right now are still this and out of record territory, the 11th time we've seen that, but home prices have been doing pretty well as well. but remember yesterday on the
20th anniversary of that famous comment by alan greenspan about irrational exuberance, he was worried about bubbles that were building. what if i told you he wasn't the only one and that very term, irrational exuberance, it wasn't greenspan who came up with? it's my next guest, robert shiller, who's here next. ♪ ♪ ace the full value of your totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance.
that expression was around even before all of this. neil: i actually coined it, robert, "truth be told." i'm running with that. >> i like the term irrational exuberance. replaces a earlier term, speculative orgy. that is little overstated. it is not an orgy. when you live through a boom, it doesn't feel like anything really special.
it doesn't feel like an orgy. nothing at all like that. people trying to figure out what's going on and kind of losing some perspective. neil: that's interesting. first of all, it is remarkable, one of the mess pedigree thinkers on the planet would also use the term orgy, leaving that aside, i'm wondering what is going on with real estate here? people are looking at this, saying this, is the new bubble, that interest rates themselves are, what has been going on with bonds is the new bubble. do you buy that? >> well, one difference, i've been doing questionnaire surveys of, homebuyers, and, back in just before the, 2006 market peak, they were expecting something like 10 to 12% a year price increase for the next telephone years. this time, it is down to something like, 4.7%, for increase, which is much above
the mortgage rate. back then it was like a 6 percentage point spread between the expected price increase and the borrowing rate you could buy into it. so i don't think we have the same passion now. it is not, it is more of a supply shortage in the housing construction. so it is limited market, and there are enough people who are willing to pay the higher prices but not the same thing. neil: now what about bonds themselves? you know, a lot of people say they have been artificially low, unrealistically low, for a long, long time, that can continue, for a lot of people who don't remember anything much beyond near zero percent interest rates, that will be adjustment, whether a bubble bursting or not, seems incredible to me, when i talk to young people, i missed the boat, i looking at 4% 30-year mortgage, i'm thinking wow, that is still pretty low, but perspective in your own time horizon is everything, right?
>> well, it seemed like if you lo]k at bond market, it is not exactly bubble story. but there are big turning points in the bond market. one of them, was around 1979, 1980 when paul volcker took over the fed. neil: right. >> and interest rates were way in the double-digit range. and they have been just coming down ever since. it is not just the financial crisis. it has been a long trend down. now they have hit zero. they can't go much lower recently. so what does it -- the question to my mind is, is it, can't keep going down. now we have another very strong personality with donald trump. it's possible that we would see a reversal of the trend now. i don't think i would call that the bubble bursting, but we could be in for higher interest rates, both at long and shortened. neil: now, i guess it depends on how much higher but i'm wondering when you look at this
right now, robert, do you worry that it is going to hit people at the worst time? in other words, this could be something significant for all price point buyers? >> i think it, it depends on what happens. this is just an incredibly uncertain time. there is inspiration that i see among many people, this is so polarized. people are desperately afraid. i don't know, i can see the inspiration winning out if the economy seems to be booming. all these businessmen in charge. people believe in this. a lot of people do. it could, it could be a good time. this could be a really good time to invest in real estate because the mortgage rates are still low, and there could be an up swing, a continuation of the up swing we've seen since 2012.
could. i don't know. neil: a the lo of housing stocks have been housing stocks have been in anticipation of the bubble but do you worry the federal reserve could put the kibosh on this, responding to pickup in economic activity ahead of president trump and raising interest rates a lot next year? >> well janet yellen has a very sober responsible person, if you look at her manner, i think that is the kind of person she is. neil: right. >> i don't think that they're going to, inflation is still under control. they're not going to to do any reckless raise of interest rates. neil: all right. robert, thank you very much. good catching up with you. >> okay. my pleasure. neil: robert schiller. at&t and time warner, it is an $85 billion pairing looking kind of dicey. both executives are up on capitol hill tomorrow selling that $85 billion transaction. why former verizon wireless ceo
(vo) it's the holidays at verizon, and the best deals are on the best network. (both) yes! (vo) with no surprise overages, you can use your data worry free and even carry over the data you don't use. and right now get four lines and 20 gigs for only $40 per line. and, just for the holidays, buy the new pixel phone by google and get $400 back. i love you in that, no, i love you in that. no, i love you in that! (vo) hurry, these offers end soon. get the best deals and the best network, only on verizon. >> good afternoon, live from the floor of the new york stock exchange, i'm lori rothman with your fox business brief. knee-jerk reaction in performance of shares of boeing
today. you know donald trump's tweet about boeing, spending $4 billion to build a new air air force one. wants to cancel the deal. shares are only down 1%. shares were down 1% around opening bell. talk about nike, because nike is the worst performer on dow jones industrial average. shares are off almost 3:00%. competition from companies like under armour and adidas are really taking over the sports shoemaker. keep an eye on that trend. look at chipotle. now the problem for chipotle is customer service. according to executives there, the fast casual mexican chain, company is spending he so much time on food safety, that e.coli scare a year ago, they're not cleaning up tables. back to neil.
it's medicare open enrollment. have you compared plans yet? it's easy at medicare.gov. or you can call 1-800-medicare. medicare open enrollment. you'll never know unless you go. i did it. you can too. ♪ ♪ neil: all right. they're going to need their best -- tomorrow. at&t, time warner chiefs on capitol hill. time warner ceo jeff bewkes thinks the deal will be done by 2017, not sooner. it's a deal the president-elect is signaled he would prefer to kill. former verizon wireless ceo denny strigle if it is too late to kill it. you airing on paper it makes sense? >> i think it makes a lot of sense. i think it will serve the public
interests of customers. look at what at&t is not doing here. they are not building on to existing business adding to something like t-mobile. time warner is in content. at&t is in distribution. so, it tends to be a vertical merger, rather than a horizontal merger. neil: it was a tough sell. those in both parties worried about a concentration. it started with the news business, cnn, at&t would have undue influence there which i think what got donald trump going. i could be wrong with that. >> i'm not exactly sure what got president-elect going. he is right to call for very careful scrutiny of this deal, and you think, you know we'll see a lot of lips and flapping and we'll see fingerpointing so -- neil: did you have to appear on capitol hill. >> sure, sure. neil: tell us about the process. >> it is always a tough process. so many trying to get to you say things are, you know, they're
there to make a show for their own constituents. they don't care about you, necessarily. neil: right. are you ever in that point where you're thinking, ah, this is driving me nuts? >> oh, sure, neil. you can't say that. of course. of course. neil: what they're raising this two behemoths becoming one big old behemoth, a anticompetitive one at that what you argue you can't stop technology that will dictate who wins and loses in this industry, streaming, all of that, right? >> what customers want is the ability to watch things when they want to watch it, where they want to watch it, how they want to watch it, on what device. people have so many device, whether it is their ipad, their iphone, their samsung, or their tv. what they want is what they want, when they want it. neil: they're not slaves to schedules anymore. >> anybody who thinks that streaming video won't be a huge application as quickly as five
years from now, i think is, they're not seeing what's occurring here. neil: so those who would look askance at deal like this, denny, would argue that it is anti-competitive and two giants coming together, you argue the technology itself supersedes all of this, right? >> well, i would argue supersede something part of it, neil. certainly what customers want. but i don't see anything that is monopolistic about what at&t-time warner are -- neil: at&t mobile thing, wouldn't they? time -- >> it could be. by the way, i think that deal should have gone through too. neil: right. >> because t-mobile is not a giant in the industry as at&t and verizon are. but the fact of the matter is, there is nothing close in the time warner-at&t deal that is, to my way of thinking anticompetitive. and there are controls that can be put in place. there are work arounds. i'm sure that will be discussed by the fcc, department of justice and so on. neil: how do you think trump is doing so far?
>> i think he is doing an excellent job. i'm very pleased to see that he is so focused on business. i mean we have a businessman in the white house. i'm excited about it. neil: what do you think of the head of exxonmobil, rex tillerson becomes secretary of state? >> i think that's probably not in the offing but, i'm not going to try to get into the president-elect's head. i think he will do the right thing. we're set for the next four years i think should be exciting. neil: but doesn't bother you what he does when he talks about boeing and can sell that $4 billion air force one or goes after companies that want -- >> neil, it makes me very happy to know we have someone in the white house who is focused on cutting government costs. and, my hope is that we all benefit from a growing economy, less taxation, and i think that that's what this president will bring to reality.
neil: i just -- whether you like it or not, i mean, i don't need the stupid plane. that is pretty funny. take the shuttle or something like that. denny strigle, former verizon wires le ceo. >> nice to be with you. neil: president's growing threats are sparking media outrage. if you want to talk about that, tweet @teamcavuto. we'll share your thoughts at the break. keep it nice. when you call me names i feel vulnerable. don't want to make me vulnerable. remember what i've been through. a little pity, please.
there is debate trump deal. 1100 workers enjoy christmas and have a meal. very good point. gps tweets, those railing against this tiny action. donald trump doesn't plan to this to be start operating procedure. it is a message. missage delivered. gary on facebook says, other workers will have to make up for the tax breaks given carrier. bret on facebook writes, the job of president is not to make state tax dollar deals, to save 800 jobs with a company whose parent company just made $14 billion and pay as 9% tax rate anyway and gloats about it. bottom line, those jobs which some have said, lower than 1100, those are people who wouldn't have the jobs. they will have a merry christmas end of story, right? on the phone united steelworkers local 1999 president represents carrier and recollection in --
rexnord workers that are threatening to move jobs to mexico. chuck jones, great to have you. what do you make of donald trump is doing? >> first of all we're grateful to president-elect trump getting involved and saving 730 of our members jobs and an additional 70 supervisory office, clerical type jobs. neil: it is not 1100 that donald trump mentioned, you say it is more like 800 in total? >> it is 800. that is what the figure is. donald trump and above pence are taking credit for 350 jobs that are research and development jobs that were staying here in indianapolis from the start, when carrier announced a close-down of the facility, originally, they made it perfectly clear to announce that the research and development jobs, 350 people were staying here. they want to take credit for them again. neil: bottom line, i guess, whether it is 730, 800, 1100,
those are people who are going to have a job and be looking forward to a christmas they couldn't have looked for, before? >> that is very true. we're grateful for that fact, that these people, prior to president-elect trump getting involved, would not, have the opportunity to keep providing for their families. neil: chuck, what do you think of, i heard some say it is demeaning for a president, let alone a president-elect to call ceo's of companies or top executives of companies to implore them not to move, not to lose those jobs. what do you say? >> well, on that part i haven't got an issue with it. you know, i find that we're getting a lot of feedback over here that the indiana taxpayers are real uncomfortable with their tax dollars to the tune of about 70 or 7 million going to a very profitable company and corporation in order to -- neil: but over the course of 10 years. certainly wouldn't be the first
time a municipality or a state has done everything in its power to keep a company within its borders, right? >> no, probably not the end, but i think people would feel a lot better if we, their tax dollars were going to save a company that maybe was struggling, you know, they're uncomfortable about a highly-profitable company receiving some of their tax dollars. neil: what do you think, of companies in general, profitable or not, that shift jobs overseas? donald trump saying that stops under his watch. he is offering them compelling reason to hold off, regulations will go down, taxes will go down, wait him out on this, what do you think of that strategy? >> i hope it is true because we've got another one of other companies we represent, rexnord, as you alluded to earlier, with 300 members and they're less than a mile away from the carrier facility. neil: right. >> their plans are to go to monterey, mexico. so i hope president-elect trump can do something for those
people livelihoods, likewise. neil: do you think it is wise for them to continue this then? reach out to executives thinking of leaving by whatever means you can to keep the jobs here? because that is his strategy. that is a what he is trying to do? >> i would be in favor of anything keeping american people working. you know, it will have probably some legislation will have to be passed in washington, d.c., to put restraints on these companies leaving some of these jobs and going to mexico or other countries, so. if he can get involved and he can put a hold to it, maybe they can follow the lead and we put a halt to some of this losing of jobs. neil: all right. chuck jones, thank you very, very much. we appreciate it. >> thank you. neil: all right. president obama is arriving in tampa, florida, right now. this will be the day, a couple hours from now, he will make his final foreign policy speech. it's really targeted on counterterrorism. more after this.
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find clear or almost clear skin. 8 out of 10 people saw 75% skin clearance at 3 months. while the majority saw 90% clearance. do not use if you are allergic to cosentyx. before starting, you should be tested for tuberculosis. an increased risk of infections and lowered ability to fight them may occur... ...tell your doctor if you have an infection or symptoms... ...such as fever, sweats, chills, muscle aches or cough. or if you have received a vaccine or plan to. if you have inflammatory bowel disease, tell your doctor if symptoms develop or worsen. serious allergic reactions may occur. see me. see me. see me. on my way. find clear skin... and a clearer path forward. for a different kind of medicine, ask your dermatologist about cosentyx. neil: all right, you know, it is
not just the dow, look at the russell 2000 populated by all these small company stocks, on track for its 11th record close. the dow is sprinting ahead as well into recorder territory he, but a quick footnote on the russell, it has had double the gains of the dow at close to 19% year to date. trish regan, to you! trish: thanks so much, neil. president-elect donald trump taking on government waste today, blasting boeing for wasting taxpayer dollars on a new presidential plane, air force one. i am trish regan, welcome to "the intelligence report." the ultimate businessman putting boeing on notice, calling for the cancellation of air force one. he elaborated a short time ago to reporters. watch. >> it's going to be over $4 billion. it's for air force one program. and i think it's ridiculous. i think boeing is doing a little bit of a number. we want boeing to make a lot of money but not that much money. [laughter]