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tv   Making Money With Charles Payne  FOX Business  December 30, 2016 6:00pm-7:01pm EST

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adam: millions of people are watching that bald eagle waiting to hatch its eggs. david: i'm david asman in for charles payne. the kremlin swiftly declaring the write to retaliate against u.s. sanctions. but vladimir putin saying we regard the recent unfriendly steps taken by the outgoing administration as provocative and further weakening the u.s.-russia relationship. although we have the right to retaliate, we'll not resort to irresponsible kitchen diplomacy
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but will plan our further steps to restore russian-u.s. relations based on the policies of the trump administration. the russian president said he would not expel american diplomats as barack obama is doing with russian diplomats. just moments ago trump brought us into the equation. russians are playing msnbc and cnn for such fools, funny to watch, they don't have a clue. fox news totally gets it. formerred a adviser to former prime minister margaret thatcher. he was right about nbc and fox news, right? >> of course. what do you make of this.
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first all, trump's reaction to what vladimir putin has done or says he's not going to do. >> some of these tweets are a little bit cryptic. donald trump is going to be taking office after years of failed policies in the obama administration. it started? twine when we removed missile defense from our eastern european allies. russia has harbored people le edward snowden. theyre a big supporter of the iranian regime, the world's largest state sponsor of terrorism. these things have been happening for a number of years and the administration's response has been not to do much. but now we have these actions which to me are too little too late. i think trump can approach putin
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from a position of strength. i think that's what he respects. david: dose say he won't retaliate and maybe will in some way? >> i agree with the points made by the congressman. we are dealing with an extremely dangerous regime. vladimir putin is playing tricky games with the united states. it's important the administration not fall into the strap set for barack obama 8 years ago. the whole russian reset of the obama administration was an utter disaster. you have to project strength and resolve to the russians. david: it's early days net. trump hasn't been inaugurated. but do you think trims falls naive as hillary clinton when she brought out that target reset button? >> i don't think president-elect trump fills naive at all. and -- i don't think
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president-elect trump is naive at all. he will send a clear message the united states will stand. you for itself on international stage. that's been the key failure of the obama administration on foreign policy projecting weakness and indecisive steps taken internationally. the russian regime takes advantage of the american weakness. it's important president trump send the opposite signal to the russians, that we mean business. david: only in the business abroad, but business here. we have been weak economically. we haven't grown over 3% in a single year since obama has been president. trump claims and his advisers assure us he will grow much stronger. but at the very least, russia, we know is very poor off right now.
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they are in desperate straits. their economy depends on oil and it's way down. >> if trump can deliver on fostering more economic growth, which i think he has the fright formula for and we are able to be tough with russia, we'll be able to deal with them from a position of strengths. he has the opportunity to get positive policy outcomes. if we continue going the way obama has gone. i think you will see putin do more and more to upset the national order. >> we have seem cordial comments between them. right now i'm not talking putin, i'm talking trump. >> we'll see how some of this stuff happens once's actually in the oval office. i'll tell you when you see the things russia does behind the scenes, even apart from this election stuff. their interests are not consistent with our interests, particularly somebody with
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vladimir putin's world view. someone will say maybe we can work with russia on terrorism. but they are a big supporter of iran who sponsors terrorism. he's the type of guy who always wants to approach things from a position of strength. if he just does that. that will be a marked improvement over the obama administration. david: what specifically, what games do you think he is playing in this dialogue between the obama administration and the trump future administration? >> i think clearly he's trying to split the two camps here. the incoming presidency from the existing presidency. i think it's important at this stage that the united states is united in terms of sending a clear message that any kind of russian interest force involving u.s. policy is completely unacceptable.
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it's important that wee maintain and increase the sanctions that are in place. let's not forget, vladimir putin is a real snake in the grass when it comes to world affairs. his regime is a brutal dictatorship and tyranny. we need to keep those sanctions in place until the russians are out of crimea and eastern ukraine and georgia as well. and we should not under estimate the degree to which the regime in moscow is capable of acts of tremendous barbarism and hostility towards the united states. we must not trust russians one bit. david: they killed americans. a forbes editor was murder on the streets of snos could you when he came out with an article
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talking about how his. i'm wondering if the sanctions impose after they went into the ukraine and took over the crimea, i wonder if that's what all this dancing i about. >> it may be. i'm totally happy to release sanctions against things that don't justify that. these getting out of crimea, if he's improving his behave year, then i think you can do a carrot and stick approach. but they have to show they are going foe change, otherwise we have to maintain sanctions. david: the battle over obamacare.
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da president obama has only a couple weeks left in the white house and he's making a last-ditch effort to save his healthcare bill. joining me now is heat street political director gillian melcher and gina louden. gillian, what could obama do to
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keep this thing alive? >> it will be a tough thing to do. david: how? >> i will be interested to follow the details. the republicans' biggest political risk is they could repeal it within 100 days, but what comes next. if they repeal it and it takes months or years for the fix to kick in, they will lose on that. david: president obama put up some roadblocks and that's what he's intents on doing. the democrats are clever about constructing these roadblocks. mitch mcconnell has been around for a while. paul ryan, people will say he has been fooled on budget issues before. but isn't it possible they will be aware of a tricky thing to get them to dismantle obamacare?
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>> this can be summed up with a lame duck 2-minute drill. this cities just another trick, another flow by the president to try to influence beyond his term. david: do you know what that ploy is going to be? is it going to be several different measures? >> i think that the republicans need to make sure they do repeal it, have a reasonable grace period which can be strategically used to put pressure on the democrats to come to a bipartisan agreement as to what the replacement will be. so they can't filibuster. they have to get it done. david: i'll tell you one thing they are going to do. they will use their friends in the media to come out with horror stories. horror stories about how sick children will lose their coverage, how people with long standing conditions will be dying in the streets.
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we saw this before, remember when welfare was being downed a democrat, when welfare was being changed in the late 90s under bill clinton working with a republican congress. we saw the same kinds much reports. we'll see that en masse in the next year, will we not? >> you are absolutely right. they are still in campaign mode which is fascinating from a psychological stand point. this is a marketing strategy meeting. the democrats are used to being able to come out and call republicans every name in the book. jump on people like lindsey graham and john mccain who are used to howed the establishment functions. call him a racist or homophobe store anti-child and get away with it. i don't know if it's going to work, and here's why. most of us who experienced obamacare to the degree we have had.
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you feel like cattle in a cattle call. nobody likes the way things are. people want to take it back to the states and a more private system. david: people want individual control over their healthcare. they want to be able to choose their doctor, their healthcare plan and get the best deal they can. >> they are going to be increasing choice and availability. i think the point he can win with is young people. if you look at arizona. somebody 2 years old buying healthcare on these exchanged, they are paying $400 for their coverage. they will opt out of that. david: the gd thing about the attempt which i'm sure will be made by the media to support president obama and obamacare, it didn't work with welfare reform. people knew specifically that welfare was not working and was creating a sense of dependency. we had more people on welfare,
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not less. welfare made it with a democratic president and congress. i think the dismantling of obamacare will make it as well. >> americans may not note law, but they do know math. the premiums have skyrocketed. the administration is making it about politics and the republicans want to make it about math. the premiums need to be reduced and we need to be able to afford more options for americans in seeking healthcare. we have seen situations this year where some states are left with one provider. that increases premiums. david: the less competition you have, the worse service and higher prices. >> you mentioned media and that's true. look for him to use judges and bureaucrats. david: that's true.
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the judiciary, they will be used. major averages struggling today. but for the year they are posting huge gains for one particular reason. we'll break it down coming next. your path to retirement may not always be clear. but at t. rowe price, we can help guide your retirement savin. so wherever your retirement journey takes you, we can help you reach your goals. call us or your advisor t. rowe price. invest with confidence. (snap) achoo! (snap) achoo! achoo! (snap) (snap) achoo! achoo! feel a cold coming on? zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45%. shorten your cold with a snap, with zicam.
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david: the mainages have ended in the red today, but it's been a stellar year for stocks. particularly after november. the dow was up 13.5%. the laggard, the nasdaq was still up 7.5. joining me to discuss some of the year's best performers. the fiscal times columnist liz peak. and lee munson.
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let's talk about the winners in 201. i would say they -- in 201. 16. i'm talking about carbon companies and financials that broke through some of the regulations. >> that's the name. they are talling it the trump train. don't forget about small-cap value. all of those have done well. we have a huge runup in banks because they think they will have regulations and taxes cut. coal companies, i don't buy that. and then we also have pure texas tea. a lot of my retired baby boomers love that.
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charles payne in london isn't just taking his wife and kids there for vacation. ask a london banker, they will say we love your u.s. banks and your potential. and they can't afford to buy our stocks because the dollar rallied. david: let's talk about the sense of optimism. you just said it before we came on air, you said absolutely. it's such a change in attitude among people involved in business. >> absolutely. one of the great untold stories about the last 8 years are the big hostilities the obama administration had toward our businesses. anything that was doing well found itself under regulatory scrutiny. david: the small businesses are squeeze harder by regulation. >> the impact has been greater
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on small business. and i think one of the reasons the russell is up so much is trade policy from trump which is something of an uncertainty doesn't impact them as much. but the lighter regulatory touch will be helpful. >> i don't think the market is caught up with what's really possible here. in 1981. august, 1981, ronald reagan passed the tax act and cut taxes. that was the same month when ibm came out with the personal computer powered by intel with software by microsoft. companies people hadn't heard of. might the same kind of extraordinary invention and creation of new industries happen? >> it certainly could. and i think back to that ibm introduction. at my firm on wall street we had the number one ibm analyst who
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projected boldly maybe at some point in the distant future half of american households would have one pc. as we know that was completely off the mark. what we are looking at is optimism that drives consumer spending. but most important in this era it will drive business investment, and that has bent lagging indicator in this economy. david: we only have 15 seconds, i'm sorry to do this, but do you think it's possible we might have the introduction of a whole new industry as a result of all the new incentives? >> of course it is. this is america. we are going into a pro-business environment. pick the fruit but take some profits out of small cap, stay invested and buy the dip when
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you see january volatility. david: for more on markets tune in tonight or "wall street week." and we have a special guest. if you will ex kielts, a little introduction to myself. i join the crew to talk stocks and my own market picks. turning to another page, the va is under the microscope after a scathing report illustrates the atrocities being carried out behind closed doors. you haven't heard this before. you don't want to miss it coming next.
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>> there are new va horrors unveiled. combined with another part. the opioid addiction. the agency has been over prescribing painkillers and then there is an abandonment of soldiers as they battle for their lives in the addiction. despite being the largest civilian government agency over $180 billion. they had been hampered by an onslaught of bureaucratic
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obstacles leaving them to fight for their lives. this is just extraordinary that i can kind of understand i think what will happen that they come into hospitals for one reason or another because the va is so poorly run the doctors just throw out painkillers. is that pretty much what happens. being an infantry or the combat arms possession demanding profession. you see a prescription of painkillers and that's usually where it starts and then it
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continues when the veterans are handed over to the va system it's been an over prescription for a long time. >> without the attempt to break the addiction. and then once they're out they continue with the addiction. cap you seen it. >> amir reading that i served with was injured in the service he injured his knee while trying to become an officer. the va at mana a painkiller regimen. he missed some appointments can get his prescription re- filled. refill. he actually got addicted to heroin. and as of today and he's sitting in jail. >> it is an unfortunate situation that is far too common across the country.
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we started out by mentioning. the largest civilian operations hundreds of thousands of workers $170 billion this year that's how much we pay for can we at least provide something for addicted veterans? >> it has the largest budget next to the dod. it gave itself the biggest black eye. it still has not been able to do the record support. they have a lot of hard work on this. they had been supporting the va. they're just not getting the job done. there are thousands of
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outpatient facilities. why not do the trumping. it would eventually be one of the bad ones. we do need to have the avenues. it gets very sensitive about it. we already have privatization. it doesn't work correctly. we absolutely need to provide private care when the va can't provide it in a timely manner. we do need to look at care where they could still hold it. they are not languishing other.
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are you for it? >> we are far more choice. i don't know if the voucher is the best way to deliver it. we agree with president-elect trump that every veteran uses the va and has access should have the ability to choose whether or not to choose the private sector. they should be able to choose their doctors. unfortunately out here in washington dc. there is a lot of resistance out here and they have the bureaucrats. it's the bureaucrats we want to get out of the way. and the patient and get the best possible. drain the swamp is another expression we had used. good to see you both. thank you gentlemen.
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coming up automation is taking over. are you at risk of losing your job to robot.
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>> the number of police officers killed on the job is that and more coming up. he teaches lessons to stanley... and that's kind of it right now. but rodney knew just what to do...he got quickbooks. it organizes all his accounts, so he knows where he stands in an instant. ahhh...that's a profit. which gave him the idea to spend a little cash on some brilliant marketing! ha, clever. wow, look at all these new students! way to grow, rodney! know where you stand instantly. visit
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>> many big companies like amazon are using more robots and animation. contradicting what experts have been the same about automation stealing fox news hillary mann joins me with details. a lot of people think robots
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in the workplace mean less workers but a recent study shows that while it has led to about a 6% decrease in jobs they predict that same technology for years from now will grow jobs will grow jobs by about 5%. >> it won't have net unemployment. it's that some jobs will be loss and other jobs it will created. economist we talk to say that while automation has decreased some jobs in sectors like manufacturing is creating new jobs that look a little different but they will pay you more money. they are working with the technology that they have an opportunity to gain new skills and become more productive. >> companies like huber and netflix are on the front lines of what they call digital disruption.
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and companies that are actually driving this matching of supply and demand are the ones that are achieving the growth. they are clinging to old ways frankly are struggling to grow in an anemic economy. what kind of jobs are being created by this new technology they require workers to learn new skills or try something completely different. they say in the healthcare sector has seen a huge demand thanks to ai a high technology and they also new platform applications are popping up on your cell phones all the time. the bottom line is new technology means new jobs as long as companies adapt. over the past 70 years only one job has been phased out completely by automation and that job as an elevator operator.
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that is a point i guess. we appreciate it. violence in chicago is spiraling out of control. who is to blame and who can stop it all coming up next? you can't predict the market. but through good times and bad... 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.
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>> with more than 750 homicides chicago's experience is most violent year in two decades. it's more than two death nine shooting the day. horrible mike. it looks like it is going to get worse over the holiday weekend. they anticipate you will get a bunch of booze on top of this. it has already so bad.
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chicago police said 756 people have been murdered in the city. it's a 57% increase. an increase of 47 percent. a normal -- an overwhelming number of shootersnd victims are black. most of them are documented gang members. gary mccarthy who lost his job in the wave of a shooting is that it has become politicized and cops are scared to do it now. it is ending up killing more black lives. the number of police related she needs in this area is less than half of 1% of the shooting in chicago. 99.6 percent of the shooting
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are civilian on civilian, generally black on black. it is a 90% increase from two years ago. a dozen people were killed in the city of chicago. eleven of those the reason for the time it timing is because they have their gang rivals and knew they would be home for the christmas celebrations. there will be people demonstrating on the streets this weekend. it is not intended to be an anti- cop demonstration. they acknowledge when you get a bunch of people descending on these events sometimes the message gets diluted. pro-life, thank you very much. in addition to the murders in chicago the number of police officers killed in the line of duty increased by 56 percent from last year. more than a hundred 30
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officers lost their lives but what is really devastating is the number of officers killed in a deliberate ambush attack. many blame groups like black lives matter for stirring up cop attacks they claim are the result of police brutality. rod, it's sure looks like there is a war on cops going on. and it has been for significant time. it is a significant difference. unfortunately a lot of people in this country including the group black lives matter have taken their frustration in their aggression on police officers because of what is going on in the community. in essence the issues going on
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in the community especially in chicago head nothing to do with the lack of policing. it has everything to do with the economy. i said this for years now and i hope now with the new president in office i'm pretty sure he will be addressing that. black individuals in the city of chicago are killing each other out of desperation and out of hopelessness. there is no job training. we have a great depression back in the 1930s. the level of violence was minuscule compared to where it is now. there is something else happening. also add to that i was in new york throughout the 1980s and 90s when we saw murder rate go from 200200 a year down to below 400. it is an unbelievable shrinking of the number of murders of instant innocent lives and it was because of proactive policing. that's what brought the murder rate down in the city. >> it's an interesting
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observation. i was a cop out on the streets in the '90s so i know exactly what you're talking about. during the '90s they have the highest number of murders in the country at the time. here is a difference what was driving those back as police officers we aggressively pursued those individuals. by locking as people this people up we were able to bring the crime rate down. >> we just had a minute left. donald trump said he's gonna stop what he sees is the war on cops it may not be what he does it was a federal interaction or some interference in local policing actions. they would come in and tell cops how to run their city. there was probably going to be less of that under donald trump is a good thing.
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the reason it is a good thing is because donald trump has it figured out. during the election he said to african-americans what you have to lose. what he was saying if you give him a chance economically if he puts jobs in the community and he supports the local police ultimately i think what's can happen is working to see crime go down. rod, there's one other thing i have to bring up particularly as most of these are occurring in black communities where you have fatherless homes in so many of these communities isn't that a part of the problem. there has to be some social change. >> real quickly i know we don't have a lot of time. think back to the baltimore riots. the mother saw him on television. she went and she got him.
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we need more of that in our community. that goes exactly what you're talking about now. it's happening all over. it is just concentrated. we have to change the family structure and make them be proud and stay in the home. that has to happen. have a wonderful new year. happy new year to you as well. donald trump declared over and over that is the worst in history. a change could spell disaster for north american business. don't go away.
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plus 24 month special financing. learn more at know better sleep with sleep number. david: january 17 marks the 27th anniversary of nafta. donald trump said it's the worst deal in history. economists are warning reworking
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nafta too much could send shock waves through north american community. will the tax cuts can enough to offset the backlash. how will trade deals like nafta be dismantled? donald trump is intent on doing so. >> i don't think we can do that. and a half face not going to be dismontled. it's too complex in the supply chain. you can't make cars when parts are made all over the place. there is nothing about e-commerce and energy. we need trump to negotiate and show us the art of the deal. we have to take all the crap out of and a half tam. if we updated it and made it work for america.
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america is a business. let's have our big negotiator, king trump come in there and start by saying i'm going to rip it up. david: president trump, please. we don't want king trump. when donald trump went to mexico and met with the president of mexico, it made him look presidential. it helped his image and the mexican president got in there before any other foreign leader did. so there is a possibility of a negotiation process with nafta and the wall. >> i kind of agree. i think nafta is wild think complicated. i don't think you need to discard this trade treaty. what we need to do is encourage american corporations to invest here and foreign corporations to
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invest here through lower taxes. cave * the carrot rather than the stick. >> absolutely. david: will we see any of the stick? >> we'll. trump will make public spec cams of companies who don't behave under this terms. but more importantly companies do want to be here. we are an english speaking nation. we have low energy costs. we a kinds of rule of law issues that are attractive to come any around the world. david: tino companies that have had operations in china and vietnam and brought those manufacturing operations back to the u.s. because even though they paid a little more, they were assured they weren't going to be lied to and they could deal managerally with their workers.
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>> i think you will have to see that. we are a place where we actually have courts to hold up intellectual property. we have a highly skilled workforce. you don't have the type of manufacturing in the united states. they can't do that in china or india. look at the hollywood industry. you can't just do a bunch of cgi in india like we thought 20 years ago. you can't do everything from a remote place. i'm not too concerned about them getting rid of nafta. but if we dig too deeply into it and take too much out of it, it could be a problem. just doing -- trump can do something and it can be a win-win for america and mexico. >> we only have 10 seconds. are we going to get tax reform soon after the inauguration?
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>> yes. >> excellent. liz, lee, thank you . high pressure at home will jn me every night at 4:00 p.m. every evening. if you can, you can set your dvr, you don't want to miss any more of "making money." tom: tonight a diplomatic opening. russia decides not too retaliate -- not to retaliate after kicks out dozens of foreign spies. >> the russians have walked all over the obama administration for 8 years. i think it's intended to try to box the trump administration in. i think it will fail. tom: also a shock new report exposing the billions of dollars of cash and gold given to iran under obama's nuclear deal. we'l


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