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tv   The Intelligence Report With Trish Regan  FOX Business  December 13, 2016 2:00pm-3:01pm EST

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again, not quite there. rex tillerson, donald trump's choice to be secretary of state. a pat on the back from dick cheney, former vice president, of course. saying mr. tillerson that he has known them for many years both as chairman of ceo e xon can be he likes him. trish: we are that close. 68 points away. we shall see. neil: all righty. trish: donald trump making it official. ceo rex tillerson secretary of state but some democrats and republicans objecting now to ties to russia. are we going to head for a confirmation fight? it is very clear this president values business expertise over government expertise and some people don't like it. all of this right now, the dow, s&p and nasdaq all hit record highs today. we are within sight right now of
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dow 20k, we are staying on 20k watch. i ach trish -- i am trish regan. markets are moving higher. look at that. really within striking distance right now of 20k. you're looking at oil there which is also higher, getting ready to close out the day. all of this as the president elect taps former texas governor reck perry to be energy secretary and carly fiorina director of intelligence. donald trump says he's leaving business before inauguration and it is going to be run by his sons. no new deal done while in office. does that take the conflict of interest issue off the table, we will discus it and whether daughter ivanka can have official role in the administration?
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first, to connell mcshane, you had a parade of visitors including, my goodness, the rapper kanye west. connell: i don't know what to make of it. he seemed to be in a hurry, up he went and then down he came after meeting with the president elect. as to what to read into that, i don't know, mr. trump said the two of them have been friends for years and perhaps more significantly bill gates was here not too long ago. we have been talking about big names in technology coming here tomorrow for the tech summit. mr. gates got the one-on-one treatment. he did say this, watch. >> we had a good conversation about innovation, health, education, impact of foreign aid and energy and wide range of conversation about the power of innovation.
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thank you. connell: all right. number a different topics, innovation being the biggest one. news wise two big development that is you talked about are right on. number one has to be tillerson, pick for secretary of state, exxon mobile ceo. the thing i like about rex tillerson is he has vast experience in dealing successfully with all types of foreign governments. in terms of rick perry as likely pick there, we were told by soirses that he is, indeed, the pick, mr. trump is really impressed with his economic record in the state of texas, a state that economic growth was really driven by the energy sector. so big picture, that's kind of what's going on here. the transition team is quick to point out to us that they have been moving at a relatively quick pace ahead of obama pace.
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with that, trish, back to you. trish: thanks so much, connell. i'm joined by mercedes and john, good to see you, guys. trump is out there talking about rex tillerson and saying this is a man why knows how to run a global enterprise and i will quote here, he says this is crucial to running a state department, successful state department and relationships with leaders all around the world are second to none. the left is taking issue and i'm sure john will with one leader in particular and his relationship with him is vladimir putin. what can you say, mercedes, right now to reassure those who worry that tillerson is too close to putin that'll be okay? >> well, tillerson will have to make the case to the senate and explain about his relationship with russia, particularly with putin. with that being said, i think that what tillerson brings to the table is the fact that we know how the russians think.
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we know what -- what their goal is in terms of -- of what they want to achieve. so i think, trish, for the most part, tillerson who is being praised by rice and steven and former defense secretary robert gates, former vice president dick cheney, these individuals that speak highly of tillerson as being a tough negotiator of someone who understands the complexity of the global problems and also comes with it from actually being able to manage a very complex bureaucracy in exxon. trish: in and of itself, absolutely. i hear you. it's almost like he was running a small country there. exxon, lot of employees, you had too protect the employees all over the world, john, in other words, i think the hope is there will be no benghazi-type situations because if an
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employee calls up, hey, i need extra protection, rex tillerson is somebody who knows how to do that already having operated in so many difficult parts of the world. nonetheless there is this concern about vladimir putin. could it be john, however, that we are coming upon a new day and maybe our relationship with putin and with russia will not be as challenged as it has been in the past? >> well, it's a new day. i think bill will have to switch party affiliation with all of the communist alliances the republican party is making. i mean, i think there are hundreds of people if you wanted a corporate executive with international scope that doesn't have the conflicts of interest this person has. this is a piñata that the trump administration is going to have to deal with. trish: aren't they going to have a problem with anybody he picks? >> not necessarily. i think it would have been a total different conversation with mitt romney or somebody else.
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trish: hang on. [inaudible conversations] >> you want to talk about the coziness with communist. >> give me a break. come on. you're crazy. >> since when has democrats been hawkish on the issue of russia. i don't think so, god only knows that secretary kerry unfortunately could not even have a deal with russia on the issue of syria. trish: i wouldn't laugh of what mercedes is saying -- >> cyber threat that is russia has done. so i hate to say, i mean, the democrats are the last ones are to talk about being hawkish. trish: that's definitely true. he really cozied up this is unprecedented. >> it's the conflict of interest. conflicts of interest. trish: international policy has been in shambles for the last eight years and beyond that, you
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know, you look at what happened in iraq, we never should have gotten in and we never should have gotten out. john, it's in a bad state so shouldn't we be thinking about all of this a little bit differently in vladimir putin who has been the enemy, maybe he's not our best friend, maybe we need to work together on some issues specifically when it comes to fighting isis? >> the point is not working with him or not, trump has business dealings in russia and we don't know all of that because of income tax returns. exxon has a stake in russia. huge conflicts of interest that's going to permeate his administration. i think this nomination is doa. he may -- all of thethers may seal through, that one because of that, we have bipartisan strong opposition, not even to get into the climate change and energy. [inaudible] >> you know, i really think that you have to go through the con confirmation hearing. you have to have an opportunity for tillerson to make his case.
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and i have to say one thing here with tillerson, it's the fact that we clearly understand that putin is -- doesn't necessarily -- he's not someone we can trust. we have known through decades of administration dealing with putin and obviously trump and tillerson are going in there knowing that it is going to be a tough relationship to deal with and you need a tough negotiator like a tillerson and like -- >> there are hundreds of them around the world. hundreds of them. trish: had to be able to see through the muck out there. thank you so much. we have more to cover. showdown may be coming between future president and the republican-led congress. senate majority leader mitch mcconnell along with house speaker paul ryan are calling for investigations and they both said trump's promise tax cuts maybe too deep and need to be revenue neutral. >> my preference on tax reform is that it would be revenue neutral on the infrastructure
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issue it'll be interesting to see how it'll be put together. i hope, i'm confident of trillion dollar stimulus. trish: editor in chief of the weekly standard, congratulations on that new job there, steve. let me -- i will start with steve moore here. what are mcconnell and ryan in your view missing, you are someone who has been a big propoapt of -- proponent of tax cuts. what's is it going to look like at the end? it's not that i just want a tax cut, donald trump wants a tax cut. that's what he campaigned for. one person gets a tax cut and another person gets tax increase. i happen to think, trish, that if we did this economic plan with this tax cut, i think you're going to get a lot of revenue from businesses that are going to come into the
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government and country and get a lot more people into the workforce, a lot more jobs in this country which generates revenues but i don't like -- i never liked the idea of a revenue-neutral tax plan. i think we ought to cut taxes because americans are paying too much and donald trump has said that to many times to me as well. trish: you can grow overall gdp via the tax cuts, it may not be revenue neutral at the start but the whole idea is to bring in more tax revenue by growth as opposed to penalizing people, okay, you made that much now, now you're going to pay the government more. you know, it's interesting in some ways -- and this is jfk. jfk cut taxes. >> you got it. trish: conservatives saying, no, no, you have to watch spending. is mcconnell spending in an old school of thought? >> let me tell you how refreshing it is about hue deep
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taxes are going to be after the last eight years. [laughter] >> no, look, steve makes a good argument and somebody who has been sort of an eager tax tax-cutter, i think he's right. that said, i do think it's important when you're talking about debt and deficits to be mindful of what we are seeing on the other side. now, i would want to solve the problem of looking at serious entitlement reforms which are driving the debt. paul ryan, of course, pioneered a new approach to entitlements, donald trump made clear that he's not much interested in reforming entitlements. trish: okay, so that's one idea. do you think mitch mcconnell will push for that as well and what kind of opposition is he going to be met with as steve moore given that donald trump said, look, we are not going to go near those things? save that for another day. >> trump did say i'm not going
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to touch social security or medicare. he didn't say we were going to deal with the fraud because there's massive amount of fraud in terms payments. $150billion a year of payments. i'm a big believer that the president should do what he told the american people to do. he told the american people and told me many times, the top priority right now is growth. once you get that, trish, you know, you solve a lot of problems with growth. you bring the deficit down, you get the debt down and get people into jobs and reduce poverty and then you have a serious discussion about entitlements. trish: let me -- >> steve hayes, you and i agree with that. the problem with entitle meants, tell me one democrat in congress that wants too deal with entitlements? trish: steven hayes, what
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happens to mitch mcconnell if he continues to throw opposition about tax cuts given as steve points out this is what donald trump won on, this was part of the platform? >> well, look, i think that's one of the reasons that donald trump is going to have good relationships with congress, with republicans in congress. he's going to have to make that case to mitch mcconnell. make exactly the argument that steve is suggesting he make which is i ran on this, i won on this and these are my priorities. he's the president of the united states. he's shuin an ability to make the case to the american people and bring people along behind him. i think he ought to do that. it would be a big mistake, steve is right on the fraud, on the entitlement question. we need to be serious about addressing the structural problems with entitlements. i would be open to sequencing in any way just as long as we have the entitlement discussion. >> amen. trish: so good to see both of you guys. steven hayes, new editor in
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chief at the weekly standard taking over for bill cristal, really exciting stuff. i will tell you what is exciting right now, here we are on 20k watch. 19,913, a good chance we could get there today. big fed meeting happening tomorrow. we get a preview, what can we anticipate, what is it going to mean for these markets? i will see you right back after this.
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trish: dow nearing 20,000. take a look at this, 19,905. could 20k happen in the hour, could it happen this week? what is this rally all about? is it because of trump? joining me charlie and trump
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surrogate and big advocate of his in his economic policies throughout. charlie, we get there this week? >> could it happen in this hour, probably not. is it because of trump, yes. could it happen this week, yes. [laughter] trish: but not this hour, come on. >> would we sell off after it happens, probably. and long-term, should you buy and steve and i were talking about this, i will hand it over to you, explain the pitfalls of buying in the dip. >> i think you should. i agree with everything you just mentioned. we will get there. we will get there before christmas. santa is bringing 20,000. i don't know if it's today. i think the optimism right now is palpable. it's obvious to see in the market but out there in the streets. when i talk to -- i live in chicago, a pretty blue city, when i talk to business owners, many who did not support donald trump, there's a refreshing optimism that's out there about
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hiring people, about investing in technology, so trish: for the first time the administration is actually on the side of business, they actually want to see the economy grow. >> i was very critical of trump during the campaign, highly critical. >> i noticed, charlie. >> you noticed that. the one place where i supported him 100 -- 2,000% i should say is on economic plans that, you know, if you really believe in progrowth policies, if you squeeze the tax system down where you lower rates, you plug loopholes, lessen regulation, stop bashing business, you have to buy the market all day if he gets elected. the pitfalls,ic, and you know as well as i do, does he match rhetoric on trade. i hope it is.
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trish: you need a negotiation standpoint, you have to be threatening these -- these trade -- >> listen, they could threaten us too, remember, this is not a one-sided game. be really careful with there stuff. i'm not saying you have to roll over. trish: if you're going to negotiate hard, you actually have to have a position to negotiate. [laughter] trish: they're our banker. >> we have them by the short hair. that's the irony of large scale indebtedness. trish: good point. >> if i owe you ten dollars i have a problem, if i owe you ten million, you have a problem. >> that was the donald trump approach with his casinos back in the day. he knew the banks -- the banks knew he owed them. trish: they needed -- >> they need today keep them around.
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>> is that we have acted far too long with china, with méxico, we've acted like we don't hold the strong cards, like we don't have the strong hand and we do. when it comes to negotiation whether it's security issues in the south china sea and trade and border with méxico, we have to start acting like we are america and that we have the strong hand in the world to play. >> let's be clear here, those are not policies that were at the heart of our economic issues. the heart of economic issues is not free trade. we have problems with our economy because we have business that is can't grow because they are facing massive regulation. free trade is here, carrier in ten years is not going to be in indiana, it's just not going to be there. trish: you have high taxes. why do you want to get here if you have regulation? >> that's the whole thing. >> you want somebody else to take carrier's place. my two things, if you're an investor you really have to worry about trade rhetoric.
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it's more co hotels when you start beating up on china all of the time. the other is infrastructure stuff. there's good ways of doing it and he goes out and blast like a trillion dollars worth of infrastructure spending, you're going to blow a hole in the deficit and have interest rate spike. trish: we have to hope that there's accountability and tweets by boeing and lockheed martin. same thing, you need to make sure the money -- >> why do you want him beating up on companies that sign contracts? >> multinational corporations have -- have gooden just about whatever they want. [inaudible] >> i'm sure -- i'm sure that they overcharge but if you have evidence that they're screwing us, bring it to congress so we can indict. there's no evidence. trish: i have to leave it there.
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thanks, guys. we will be right back
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trish: all right "the new york times" hired self-described hacks to cover the white house. glen thrush, he may not exactly be a household name. you see him there but you may remember, this is the guy, the politico reporter who was badly exposed in the whole weekly e-mail scandal. here is his infamous e-mail to clinton campaign chairperson john podesta and he asked podesta to look over article he wrote or about to publish. because i have become ahack, i will share, tell me if if ' ' d up.
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this is like journalism one-on-one. either this guy was too darn louisiana to ask -- lazy. either way not good and now he's heading to the new york times to cover the trump administration. joining me right now with his thoughts and host of media buzz howie kirk. is this "the new york times" doubling down on the liberal bias thing? >> heist a good reporter and it's not unheard of -- trish: i'm going stop you there, howie, a good reporter doesn't go, yeah, you go back and check. hey, the age is so and so at the time was this. by the way, you had pink lemonade, these are facts.
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you don't shift off the entire article and say, hey, can you look at this and let me know if i have anything factually wrong. >> i agree with you on that point. this is simply not done. he knew he shouldn't be do i think it. "the new york times" which has hired a number of people from politico doesn't see disqualifying. i would pose this question, imagine if the same reporter had been exposed through some sort of wikileaks dump as having gone to donald trump's campaign manager, don't dell anybody, i want to run by, do we think "the new york times" would not see a problem and hire that reporter? trish: absolutely. here you think about "the new york times" and they've made a big point to some editors anyway of saying, look, we want to clean up our act, we don't think our reporters should be as vocal as they have on twitter. here is liz saying, i consider unrecognized point of view that
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the times has come from being in new york, being a certain circle and seeing the world in a certain way, not being in touch with people who don't like them or don't live in cities who are the ones that elect -- elected donald trump to the presidency, they're just out of touch with that. yet they go out and make this hire. >> that got a lot of attention from public editor and she also rated this on air, was spanking the times for political reporters who are active on twitter and said a lot of things that are not friendly for donald trump or snarky toward donald trump on twitter, that does reinforce the notion that the times at least in political reporting doesn't have much interest in being fair to trump. now, you'll remember that trump famously went to times after election, had an hour sit-down, but i continue to see in media
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outlets undercurrent of hostility, i'm not worried about aggressive reporting, i think all presidents should be covered aggressive but hostility toward president-elect trump that you might not see toward president elect-clinton if she won the election. trish: i would say. show media buzz every sunday. s&p hitting new records today as the trump rally rolls on. take a look. it's all happening as the fed goes into two-day meeting. the fed is expect today raise interest rates tomorrow but what is the fed's guidance going to be about future rate hikes? are we in a hiking environment, and if so what does it mean for mortgage rate and overall economy? we will see you right here
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trish: okay. take a look, everyone. we are looking at another bug rally here. the dow trading in the green ft. seventh day in a row -- for the seventh day in a row. what are we up, 8.5% if i remember charlie brady's note correctly? 8.5% on the i dow since donald trump was elected president. just as the fed begins its big two-day interest policy meeting. investors anticipating that the fed is going to raise interest rates this week, but many on wall street still wonder what the central bank is planning for 2017. in other words, do they continue
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on with these interest rate hikes, and how fast do they do it? ashley webster's here along with jeff flock who's joining us and "countdown to the closing bell" host liz claman who's there at the nyse for part of this party. liz, it could still happen! hey, we've got a few minutes left on the clock before you take it, it could still happen in the two, it could happen in the three o'clock hour, but the expectation is at least it's going to happen before the end of the year? >> one more big headline, boom, this thing's going up. 80, we're about 84 points away, 83 points away from, of course, the big moment of dow 20,000. and i can't say the traders are vibrating here at the moment because they've seen this party before, and we haven't quite gotten in the door to dip into the punch bowl at the moment. but they are waiting. and what can i tell you, trish? for lack of any negative news headlines, we've got another rally on our hands, and the dow
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has hit a lifetime high. we're seeing real strength here. again, the russell's lagging. not the s&p though, it's up 14 points. trish: 92 points away or so. look, ashley, the big question, of course, is what happens once the fed indicates that interest rates will be going up at a faster pace? i mean, can these levels hold on? >> well, haas the big question, isn't it? we want to hear from janet yellen tomorrow what is -- now that the economic landscape is changing you should president-elect donald bush -- donald bush, donald trump -- [laughter] no legislation has actually been introduced. it's all pie in the sky right now. we've been told what he wants to do, and the market's reacting. it all sounds wonderful finish. trish: look at the ten year, by the way -- >> wow, up to 3.14. trish: that's the 30-year. >> i think the fed is quickly going to realize it's out of sync with what the economic reality is right now, i really do. i can see that.
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does that mean a faster pace of rate increases? probably. it's still -- what are we going to get tomorrow, quarter of a percent? we're still remarkably low -- trish: but is it going to go every other meeting? every meeting? >> i think the market has priced in two hikes next year, we could be looking at four based on what we're seeing. trish: jeff flock, people kept say, okay, we're going to get a hike. we've gotten one, right? out of the hike -- out of the fed in the last eight years or so. i mean, could -- is this marking a real different time? what are you hearing there in the oil pits? >> well, oil pit and, of course, fed fund futures traded here as well which gives you a heads up. the oil graders, the bulls and the -- traders, the bulls and the bears fighting it out. a little down in the after hours, but, you know, you've got the oil bears saying opec may not be serious about this deal, they're going to cheat and all that sort of thing. but then the international energy agency saying today world
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oil demand is going to be up, and we're essentially going to get rid of the glut. so all things positive. and, of course, rex tillerson, if that's the way it comes down, is not a bad thing if you're trading oil. trish: what are people saying therein to floor -- saying on the floor, liz? interest rate hike happening and more on the way and, thus, does it affect market valuation? >> yeah. they truly believe, trish, we will see no matter what happens there with the federal reserve, we will see dow 20,000 maybe by the end of thursday's session. now, could be before then. could be today. we just don't know. but people are saying watch the u.s. dollar. it is stronger again today just slightly against the major, major currencies of the world and the dxy. what you end up starting to look at there is if the dollar takes a hit, does that help all the multi-national u.s.-based companies in the dow 30 that tend to do business overseas?
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they like a weaker or dollar. if that happens, we're off to the races. >> that's a good point. trish: interesting to watch all this stuff. we'll see you at the top of the hour, liz claman. the clinton campaign backing an effort by electoral college voters including nancy pelosi's daughter to receive an intelligence briefing on possible foreign intervention in the election. is this also indiana tempt to cover -- attempt to divert attention away from the real reasons clinton lost? probably. we're on it, next. to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away
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♪ ♪ trish: okay, we're watching right now for 20k on the dow. it could happen today, it could happen tomorrow. but i'll tell you, it's got a good shot of happening this week. anheuser-busch inbev is selling beer brands to the japanese beer giant for $7.8 billion. the brand is selling in order to ease concerns about european competition that regulators have been expressing after its own $100 billion takeover of is sab miller. meanwhile, apple air pod headphones are finally available for sale. apple never released details on why it needed more time to get the wireless head knowns ready for sale, but they're ready now. we're going to be right back with more details on how the
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clinton camp is trying to undermine president-elect donald trump's victory.
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hey nicole. hey! i just wanted to thank your support team for walking me through my first options trade. we only do it for everyone gary. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim, only at td ameritrade. trish: i gotta tell you, democrats cannot accept this reality that donald trump won the election. nine democrats, one republican elector are requesting a briefing on reports about russia hacking and interfering in our election process before they cast their electoral votes on monday.
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you've got democrats clinging to this hope that somehow they'll reverse their vote. now the clinton campaign is actually backing this effort. the chairman of the whole campaign, john podesta, out there writing: the bipartisan letter raises very grave issues involving our national security. electors have a solemn responsibility under the constitution, and we support their efforts to have their questions addressed. joining me right now from the washington examiner is hugo gordon. good to see you, hugo. >> nice to be here. trish: it certainly feels, seems like an effort right now to undermine trump's victory. it seems as though the left is doing everything it possibly can to de-legitimize it. >> exactly. i mean, there seems to me no question they don't really expect this is going to work and that somehow they're going to be able to stage a coup inside the electoral college and the electors are going to come out and vote to make hillary clinton the president. but the calculation is very easy.
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there's a really,, really long shot that it'll work, and at the very worst, they can help de-legitimize donald trump. trish i think they've been quite successful so far in that. identify talked to members of -- i've talked to members of the left that somehow think that donald trump and vladimir putin conspired together to shift this election in his favor and did so by manipulating actual votes, which i've said over and over again, my goodness, if the russians are actually manipulating the votes, we've got a real problem on our hands. >> well, it's really interesting, the one place they've actually done a recount in wisconsin, trump got more votes as a result of the recount. [laughter] no, i think that people are suggesting that, but i don't know that there's any truth in it. and it's very interesting that although the story about the cia thinking that russia was deliberately trying to help elect trump, it's very interesting that the fbi does not endorse that decision.
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so we have -- we don't know what the evidence is. we know that russian hacking has been known about for months. there are congressional investigations, and suddenly a week before the electoral college is going to cast its vote, it's suddenly become a bigger deal. trish: you know, hugo, the reality is even if vladimir putin and russia, if they were trying to influence this election, at the end of the day they weren't the ones telling her not to go to states like michigan and pennsylvania and ohio to campaign. that was her own decision. in fact, her own husband, bill clinton, said you better get out there. these voters matter. hugo, she thought they didn't. it was millennials, it was women, it was minorities, and she was going to win on that grand notion. >> that's right. trish: not on those blue collar workers who typically had been her supporters in the democratic party. >> that's exactly right. you know, i think that in some ways this is going to be more damaging to the democrats than it can possibly be to donald trump who is going to go on and be president.
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because what it'll do is persuade enough people amongst the democrats that, actually, they really did win and their strategy was fine, but it was all undermined by the kremlin and bad cybersecurity. and they won't make the necessary changes to appeal to michigan and wisconsin and pennsylvania. you know, they'll continue to ignore and take those voters for granted. what they need to do, if they really want to win, is address, is turn their attention to those people and win them back. trish: yeah, no, you're giving them some good advice. they really, clearly, haven't been willing to -- >> well, i apologize for that. trish: hugo, good to see you. thank you so much. >> and you, thanks. trish: exxon's rex tillerson picked for secretary of state. andy puzder for labor. wilbur ross for commerce, steve mnuchin for treasury and possibly even carly fiorina for something. so what are these business leaders bringing to the table that politicians simply cannot? we're on that story right after
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this.
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trish: all right. donald trump's newest cabinet choices, they are causing liberals everywhere to freak out as he continues to pack his cabinet with successful and wealthy businessmen and women. today trump picking exxon ceo rex tillerson for secretary of state, and now we're hearing he's eyeing former rival carly fiorina for intelligence director. what is it that these business leaders know that politicians don't, and what does donald trump know by picking them? joining me right now is tech executive larry fisherson and the executive director of the u.s. energy association, barry worthington. barry, you've got everyone all
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up in arms right now about your friend, rex tillerson. they say he's too friendly with russia and has no government experience. why do you think your friend, rex tillerson, is a good choice for secretary of state? >> well, good afternoon. i understand happy birthday's in order today. trish: aw, thank you. [laughter] >> you're very welcome. trish: cat's out of the bag. >> you know, the secretary of state has to be able to do three very important things. first, he's got to manage a bureaucracy. rex has managed exxonmobil, so that gets clicked off. he's got to be diplomat inform inform -- diplomat-in-chief, and he has to implement the president's foreign strategy. and be rex has been implementing strategy for 40 years at exxonmobil. you know, relative to russia and president putin, i think the notioning that you have a
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secretary of state that the president of the russian federation knows and respects and trusts is very valuable. i don't see where the downside is with this. trish: yeah, i mean, you know, liberals are saying -- and we had one earlier on the show who just didn't like this idea. he said, look, we have been at odds with vladimir putin for so long, someone that has this relationship with him, friendship with him, that or the of, i guess, puts the traditional us at odds with russia sphere into question. i mean, i kind of think, barry, maybe it's time to do that, however. i mean, maybe the old strategy hasn't worked. >> well, it is time to try something new. and in terms of president putin and rex being great friends, i don't think they actually go to the baseball game together and drink beer. i think it's more a matter of they've dealt together on business matters.
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putin respects rex tillerson, he knows him, he trusts him. and if we're going to have an improved relationship with russia, i think those qualities in the secretary of state are very, very important. trish: yeah, understandable. >> very valuable. trish: you know, larry, all of these people he's looking towards have pretty substantial backgrounds, many in the business sphere. what is it that you think, larry, people that come from the private sector can bring to the white house right mow? >> -- right now? >> well, the biggest thing the white house needs is creating jobs. so in the private sector, we know how to create jobs. we know how to go out there against the taxation and regulations to create jobs. now, the biggest thing that's going to happen here with the white house is if you get the repatriation down to 10% and wring the billions of dollars, trillion of dollars overseas back and take the tax rate down to 15%, you're downing to -- you're going to explode
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business. you have to make money for the businesses and continue to grow. so private enterprise goes out and makes money where the government business doesn't make money, doesn't create anything. trish: yeah, it seems almost kind of refreshing, larry and, hey, i'm a business reporter. i've talked to so many ceos and looked at government through the lens of business, and, you know, they operate quite differently. >> here's the beautiful thing about business, and i've been a trump supporter since the beginning, there's going to be a tech boom that we're going to see right now, and there's a tech meeting coming up because you're talking about private people coming in. i believe a lot of the people in silicon valley went ahead and pulled the lever for trump. [laughter] i think a lot of it was personal -- trish: and that's why the polls were so wrong. larry, barry, thanks for being on the show. thank you for the birthday wishes. we're going to be right back with more intel right after this.
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trish: dow 20k, could it happen? i will be a guest on "special
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report" with bret baier tonight on the fox news channel, so tune in at 6 p.m.. we'll be previewing everything that could happen tomorrow with the federal reserve. meantime, 20k, hey, there's still a little time left. liz claman's at the new york stock exchange. we could get it. [laughter] liz: 86 points, trish, that's all we need to get us over the hump here. 19, 914. by the way, i have just been informed down here on the floor of the new york stock exchange that the traders will not bust out the dow 20,000 hats until we're within 20 points of dow 20,000. right now 19,914. but either way, this is still a lifetime high that we're looking at right now, and if we stay on track, folks, we will see the blue chips extend their record streak to lucky number seven. big oil taking center stage. president-elect donald trump actually putting it there by selecting one of the biggest of the big oilmen in texas.

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