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tv   The Intelligence Report With Trish Regan  FOX Business  January 17, 2017 2:00pm-3:01pm EST

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few cabinet members being able to join him. that is not unusual, but at this time he has said that he wanted to hit the ground running. he won't have many to be running with. all right. trish regan, to you. trish: tha y so much, all rit. we're just three days away right now from the inauguration, and the left still in denial, refusing to recognize the fact the, the very fact that americans elected donald trump. you voted him into office. and yet now over 50 democratic lawmakers are boycotting the inauguration? they are undermining the very system of government that we have prided ourselves on for hundreds of years. for what? i'm trish regan. welcome, everyone, to "the intense report." one -- the intelligence report. georgia congressman john lewis is not just sitting out the inauguration, you may have heard he's questioning the very legitimacy of trump's victory. but if we here on "the
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intelligence report," we were the first to report there's kind of a pattern of behavior when it comes to congressman hue byes questioning the legitimacy of republican presidents. we kid some digging, some reporting, as you call it, and we found this article in "the washington post." it is dated from january 2001, and it reads, i quote: john lewis, for instance, spent inauguration day in his atlantic district. atlanta district. he thought it would be hypocritical to attend bush's swearing in, because he doesn't believe bush is the true elected president. finish huh. you know, that quote that we found and shared with you, that bit about him not believing that president bush was the truly elected president kind of sounded familiar. it got a whole lot of pick-up after we showed it with even president-elect donald trump weighing in. here he is tweeting: john lewis said about my inauguration it will be the first one that i've missed. wrong, or lie. he boycotted bush 43 also
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because he thought it would be hypocritical to attend bush's swearing in. he doesn't believe bush is the true elected president. sound familiar? washington post. [laughter] sounds very familiar. it's exactly what i said yesterday, you heard it here first. joining me right now with his thoughts on what the democrats are pulling, former green party presidential candidate and breaking through power author ralph nader. ralph, good to have you. >> thank you. trish: i just want to know, can't congressman lewis come up with, you know, at least a new line? >> look, it's a free country, and there are a lot of shenanigans in elections on both sides, so he's free to make up his own mind whether he wants to show up or not. what's the big deal? trish: number one, he said this would be the very first inauguration that he has missed while he's in congress. that's not true. i'm just going to give him the benefit of the doubt and assume he misspoke. we'll leave it at that. but, you know, the whole this president is not legitimate thing, that's what he's pulling now, but it turns out he used the exact same wording back in
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2001, so i'm starting to think, ralph, it's his m.o. >> well, in 2000, you know, the florida recount ordered by the florida supreme court was usurped by a 5-4 decision led by anthony scalia, you know, you can say that's pretty bad practice. it was like a judicial coup d'etat that selected george w. bush. as i say, there are different opinions on all sides. i can see if the shoe was on the other foot -- trish: yeah, all right, all right, but -- >> the key thing -- trish: to talk about a president not being legitimate, you get my point. this is basically his go-to line, he's used it whenever a republican has come into office. he's trying to make it sound fresh and new, it's not. let's set that aside for a moment, ralph, and talk about what that means. i mean, let's not forget the american people, whether you like it or not -- and i know a lot of people don't li it, but the american people, ralph, they elected him. l right? fair and square.
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it's done. it's over. why would you not want to recognize the legitimacy of that in that this is the system we have and that has done so well for us as a nation for the last couple hundred years? >> it's because there's a double result in american presidential elections. there's the popular vote and there's electoral college. and if you're on the wrong end of the electoral college but you won the popular vote, you're going to say, well, he didn't really win the majority votes of the american people, we've got to get rid of the electoral college -- trish: do you believe that? >> yeah. it's on its way. there's an interstate compact, trish, where california, new york, maryland, illinois and others have passed laws saying that they will throw the electoral college votes to anyone who wins the nationwide presidential popular vote. trish: i'm going to stop you there. you think that makes sense? from my perspective, i'm a small up to girl -- small town girl from new hampshire, you know? we get a few, a handful of
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electoral votes. we wouldn't matter much except we're first in the nation, we're proud of that, and we matter because we have a say. we have a say in the electoral process. if you just said it was going to be by popular vote, guess what? me cities here in new york city, you know, everybody in new york city or in los angeles or in chicago, they would be the ones deciding the fate of the country. and isn't that effectively, ralph, ayranny of majority? i wouldn't think you'd want th. >> well, first of all, majority rules in a democratic society, trish. and second, they're already -- trish: yeah, but we're a representative democracy. >> wait, wait, wait, wait with. there are already a few states that are the deciding states. under the present electoral system, you know that. it's florida, it's ohio, etc. -- trish: yeah, but you can affect things on the margin in new hampshire. we wouldn't be able to do that with a popular vote system. >> i campaigned in all 50 states, and i think the electoral law should encourage presidential candidates not to
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go into red state and not blue or blue and not red, but to campaign in all states -- trish: well, then all states need a say. >> the electoral college is on the way out. trish: what are you going to replace it with? >> just a popular vote. trish: oh, dear, ralph. [laughter] i don't even know what to say. i mean, we've had a system that has fared very well for hundreds of years and was set up as a representative democracy specifically so that we wouldn't have majority rule in a chaotic kind of way -- >> no, but you have -- trish: and people say -- >> you have majority rule in new hampshire electing new hampshire legislature. you don't have a electoral college. trish: it's a tiny state though. it's a little teeny, tiny state. >> all states -- trish: we're talking about on a national level, and you're disenfranchising so many people in this country, you know what? you're disenfranchising the middle of the country -- >> not at all, we're letting all the people decide --
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trish: all right. >> now, donald trump, donald trump, i just wrote an open letter -- trish: i saw that. >> it's on nader.org, and it cautions -- trish: trip wires for the trump, op-ed -- >> stop interrupting me! [laughter] trish: i'm helping you. >> you don't. you don't want a president that so personalizes his ego that he can be easily provoked by adversaries abroad and dissenters here. and you wa him to dispense all his asse not to his family, but to non-family members to avoid the impeachment drive under the emollients clause of the constitution. those are issues you should be discussing -- trish: can i ask a question? >> instead of john lewis. trish: no, it's not fair what he's doing, and the fact you've got 40-plus democrats right now saying they're going to sit this out, it's just disappointing for the -- >> there's no -- trish: i'm very interested in this -- >> go ahead. trish: this whole idea that he
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should just divest himself of the business, wouldn't that open him up to a whole other set of conflicts? i mean, how the heck -- >> no. trish: -- is he supposed to sell it to anyone? people would assume if he sells something in the here and now, that whoever buys it is buying influence. i think you open a whole other can of worms. you've got to think of the other side of this. >> no, you could have a public trustee selling it. he can take back his trademark trump so they can't use it for extortion in his hotels overseas by add very says -- adversaries. it's very normal. professor larry tribe and ethics specialists from the republican and democratic side have concluded in recent days that his transfer of assets to his family does not comply with the clause of the constitution and that he's a walking impeachment candidate, and he's got to do it differently. trish: i can see everybody sharpening the knives already.
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you know, ralph, keep in mind this is not like selling shares of goldman sachs, right? you can't go out into the open stock market and just sell 'em. it would be honestly more complicated, and i don't know why you'd want your president distracted by trying to sell off all these assets, i also don't know why you want to discourage anybody who's built any kind of wealth from ever running for office. we want people who are successful running for office. >> you don't want a president and a business magnate at the same time because it can jeopardize the presidency and his own agenda. trish: so you go for the community organizer? >> imagine a trump hotel this central asia being attacked. and used for extortion. you don't want that. and he's going to have to reconsider it, and fox news should lead in interviewing these ethics specialists who are both republicans and democrats and know what the constitution clause -- trish: i've got to leave it there, but i would only point out that americans knew they were electing the first
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businessman president, so they knew what they were doing when they went to the ballot box. they liked the idea of a guy who knows a thing or go about building a business. thank you so much, ralph nader, and everybody should check out your op-ed there on your site. thank you very much. i want to get to mercedes schlapp and ethan berman back here on the news of the day, you know, mercedes, i was, you know, i was kind, i think, on twitter finish. [laughter] i tweeted out this story that we reported, and i wrote that clearly representative, mr. lewis must have just misspon there. but let me just ask you, do you think there's something else going on? i mean, how could you not remember, for goodness sakes, that you blew off another president's inauguration? >> yeah, i don't quite understand why congressman lewis kind of missed that point. with that being said, look, i think that his approach, his response of not finish first of all, he's not going to attend
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the inauguration, secondly saying donald trump is not a legitimate president, that is just dangerous for our democracy. i think that we pride ourselves on the fact that we have a fair be election process, that we do our best to insure that the votes are counted correctly. and, you know, even the intelligence community said that, look, we can't determine that the russians ended up in any way impacting the election or changing the election outcome. so i think that lewis is focusing so much on the russian and blaming the russians without saying, well, wait a second here, maybe it was because hillary clinton was a really bad candidate. trish: let's not forget as i was just explaining to ralph nader, this is basically what he does, ethan. i saw you nodding in agreement with mercedes, so i want to read to you something that hillary clinton said, and i quote: he is denigrating, his talking down our democracy, and i for one am appalled that somebody who is
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the nominee of one of our two major parties would take that kind of position. that is not the way our democracy works. we've been around for 240 years or we have accepted the outcomes when we may not have liked them. she was saying this before she lost, of course. perhaps, ethan, she needs to have this conversation with representative lewis? and other members of the party? >> yeah, actually, i've caught a lot of flak for saying i don't support the democrats sitting out the inauguration. if you're a member of congress, you're a member of the system, you're part of our government. this is the peaceful transition of power. the election is decided, the electoral college is how we choose our president. they should be there. private citizens are welcome to protest, but the members of congress should attend the inauguration. trish: you know, i appreciate hearing you say that. i think it's refreshing to hear someone on the left say that right now because it seems as though so many are putting up these obstacles, so many people want to justify what
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representative lewis said, ethan. why are they doing that? >> well, because he really is a great leader from the civil rights movement. i mean, he was arrested 45 times. he walked the walk -- trish: i know. >> you know, to be hyperpartisan -- trish: he was a big part of that, i get it, and we respect him very much for that, or ethan. but at this point he's kind of crossing a line here because what are you going to have, total anarchy? where one side says we refuse to recognize the legitimacy of all this? we're going to turn into some kind of banana republic? >> yeah, and that's the danger right now with the hyper-partisanship, what i've been calling the brokenning duopoly. we can't just say because the other side won, we're not going to participate. trish: mercedes, over to you -- >> first of all, democrats always attack republicans for being the conspiracy theorists, right? the whole idea of delegitimizing this presidency, it's just shocking. one important note here is these
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are congressmen and women, these are not senators. if you notice, elizabeth warren's going to be there, bernieanders are going to be there -- trish: why to you -- that's an important distinction. why do you think that is? >> i think for the senators it's almost part of their institutional history. it's what the senators do. they know their roles, and they're planning to move forward on going. i think for congressmen, they're taking a lead from their districts. there was one congresswoman from california who basically put out a twitter poll that said should i boycott -- trish: oh, dear can. maybe we should have longer terms then. thank you so much, mercedes and ethan, good to see you guys. president-elect donald trump is seeing low approval ratings in the polls. for example, take a look at this one, abc. 54% give him an unfavorable ratings. could these low numbers be because the left is out there giving mr. trump a really, and i mean a really, hard time? think about it, right? you think back to the extremely
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close election between al gore and george w. bush back in 2000. do you know you only had three democrats sit outbush's inauguration? representative john lewis was one of them, maxine waters another. joining me now, editorial director of the washington examiner, hugo gordon. good to see you. what is this? more than 40 now. it's as though they think it's okay, it's sort of fun, it's trendy -- >> well, i think -- trish: -- you know, sticking the middle finger to the american people that elected them. >> they do think it's okay, and part of the reason they think it's okay and they won't pay a political price is the fact that donald trump's poll numbers are so low. you know, they were a little bit higher in november immediately after the election, and when people thought the transition was going pretty well, but they've declined somewhat, these polls show. and i think that the democrats are reading those polls and thinking, hey, this is the most unpopular incoming president for a long time at least --
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trish: so that gives them ammunition. but here's the thing -- >> pay a price. trish: didn't they learn their lesson last time? i mean, poll numbers, right? how are we supposed to trust poll numbers given that all the poll numbers showed us that donald trump didn't have a chance, not a prayer be of winning the oval office? >> no, i think that's absolutely right. the polls got it wrong, and they're relying on the polls now. and, i mean, one of the things that was about the election was, you know, people talked about the election being swung by russian hacking, etc., but you did not see polls start swinging towards trump right up until 9 or 10:00 on election night. people were very confident that clinton was going to be the president. so i think that polls just simply didn't pick up the numbers of the reservoir of trump's support. perhaps there's some of that true now too. trish: lou go, thank you so much for being here. we have a lot more coming up, guys. stay tuned, i'll be back in two.
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download the xfinity tv app today. trish: white house press secretary. josh: earnest holding his last press briefing a short time ago with a surprise appearance from president obama. this as cnn keeps pushing back on incoming white house press secretary sean spicer. cnn issuing a statement of full support to its reporter after sean spicer demanded an apology for the reporter's behavior at donald trump's news conference. he did so in an interview with our very own howie kurtz. watch this here. >> the president-elect took a lot of tough questions. but the idea that he took no responsibility for his behavior was highly unacceptable and inappropriate, and he does owe us and his fellow members of the press corps an acoldy for his behavior -- apology for his behavior.
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trish: look at how that reporter handled himself. look at how he tried to get donald trump to answer a question, and remember this is the future -- in three days -- president of the united states. >> sir, since you're attacking us, can you give us a question? no, mr. president-elect -- >> go ahead. no, not you. >> you give us a chance? you are attacking our news organization, can you give us a chance to ask a question, sir? sir? >> go ahead. quiet, quiet. >> mr. president-elect, can you give us a question? >> don't be rude. >> can you give us a question? >> i'm not going to give you a question. >> can you say categorically -- >> you're fake news. trish: like he was looking to get thrown out of the place. howie kurtz, host of "media buzz," the man that did that interview with sean spicer that cnn felt compelled to respond to, he joins me now. >> hi, trish. trish: i get that cnn wants to protect their guy, i totally g that. and you know what?
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i sport that, because you've got to stand by your people. but i've got to tell you, you know, i watched that clip, and it's very different. i first read the transcript, and i thought, okay, well, maybe, maybe, you know, he's -- no one saw that clip. and they're talking over each other, and i don't know, there's a certain kind of decorum that you assume as a reporter when you're interviewing a president or a president-elect s. and it kind of seemed like that reporter was crossing a line. what are your thoughts on it? what are your thoughts on cnn's statement regarding spicer? >> absolutely no question that jim acosta was crossing the line. this went on, as we just saw, for more than 30 seconds. you don't have a constitutional right to be recognized at a press conference with the president-elect. sean spicer used the word lie. he said jim acosta of cnn lied in describing a conversation they had right after that where spicer told him if you do that again, if you are rude, if you interrupt the president-elect or the president, you will be
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tossed out. acosta's version is that if he asked another tough question, he would be tossed out. that's why i think cnn felt compelled to issue an additional statement there -- trish: well, and there's a distinction there. sean spicer's saying, look, that kind of behavior is not going to be tolerated. i mean, look, we're all entitled to ask whatever question we want. that's part of our job as the media, and we will hold him accountable as we hold everybody accountable. but this is a way, shall we say, there's a style, there's a way to do it. you can hold people accountable, but you don't necessarily need to get into a screaming match? >> i wouldn't have minded if he shouted out once or twice in an attempt to be recognized, i probably have done that, but, you know, 15, 16 times, it went on and on. trish: i know. >> it was a nice moment with josh earnest who has a good relationship with the white house press corps, he talked about taking the job when hi wife was six months pregnant, but i have to say when he looked out at the assembled white house press corps and when earnest
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said you've never been soft on me or us, i'm thinking, what? he should stick around next week and see how it goes with the initial briefings of the trump administration. trish: well, we were talking about how obama came out in that interview with "60 minutes" and said he should have done more on the pr front. wait the second, you had the media and hollywood working aggressively almost as your pr team, howie. i mean, you think about the difference in the way that obama was treated versus trump right now, and how complicated does that make it not just for, you know, members of the media, etc. , and all the controversies there, but think about from his perspective in terms of trying to get things done. >> yeah. well, i mean, look, donald trump -- after a close election and a divided country -- is coming in in a very negative media environment. that's the understatement of the year probably. and he just tweeted, i think you may have mentioned, about the rigged polls showing him not being very popular during this transition, but here's the thing, sure, other presidents who during their transition
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periods basically announced the white house staff, pick a cabinet, go play golf and don't do very much else have come into office with higher numbers, republican and democrat. donald trump during this transition has picked fights with the media, made all kinds of policy pronouncements, punched back against john lewis -- trish: howie -- >> and i think -- to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so y don'teed a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade.
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. trish: the controversial painting on capitol hill depicting a police officer as a pig has been permanently removed. the architect of the capitol decided that the painting violated its rules, because one of the really important rules happens to be there shouldn't be any pieces of art in the building that reflect contemporary political controversy, and you know, i'd say this one kind of did. but now, the congressman who hung that painting, he's actually firing back. calling the removal, quote, an act of shameful, retroactive
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vigilante censorship and it will be in his office. mason weaver, a former black panther joins me with his thoughts on this. mason, i know you were a black panther at one point. you hadn't been a fan of the police during those days. telle what you thi of the controversy and the fact this guy wantst ba in his office. >> well, the reason he wants it back in his office and the reason he wants it on the wall is he believes that police are pigs. understand what you dealing with, folks, he is saying to the people he represents, the police is your enemy, is a deflection because the real enemy is him. you look at your neighborhood, what has he done for your neighborhood in st. louis? what's he done for any neighborhood? what if the congressional black caucus, i call it the black communist party done for any
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community they represent. he wants to portray police as the enemy to keep people mindful of the fact that he's the enemy. trish: you and i talked about this before, something donald trump got to in his speech, rather, not a speech, a new tweet. those are the new speeches these days. and he was saying like, look, we can use a little help in the inner cities. this guy should be working for his district. should be working to improve things instead of creating this kind of controversy. you have said to me previously many times that you feel as though many democratic lawmakers that are doing this kind of race-baiting are doing it because they're trying to keep people down, trying to keep the constituencies thinking that they need them, and the more they need them, then, the more they have a shot of getting voted back into office? >> amen. that's the only way they can get voted back into office.
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you're asking these guys to bring prosperity to the neighborhoods when they are issuing out grants and food stamps. they will lose the population, lose the power. you're asking clay, asking lewis to put up a program that will bring prosperity. they're the poverty pimps. trish: poverty pimps? >> they can never afford to do that. trish: you call it like it is. [laughter] >> i'm being nice because i'm on your program. i'm being nice today. >> [laughter] thank you for cleaning it up for me. poverty pimps. >> what do you think? trish: it's sad to think, shouldn't they want what's best for their constituents. don't they want to see people get out of poverty. why give a handout when you can give them a job! >> does a drug dealer want the community off of drugs? no! you're talking about a situation for 50 years now. they have protests and demonstrators, when i protested
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at berkeley, i was protesting and demonstrating for the right to be an american citizen, for the right to vote, for the right to go into business and get a loan, for the right to live where i want to live. th fought democrats! all these black leaders fout democrats, and then they turned and joined the democrats. trish, it's like an abusive woman being beaten by her husband, and when the police come she says to the police, she's clowns are fighting for the poverty in the community. until we stand up and say it, they're going to keep doing it. black men are standing up and saying we have had enough, enough being lied to, enough of the game prep schools. enough. congressman lewis and his daddy before him brought in more misery, poverty, drugs, more gangs, that's all they've done and that's what you're going to get in the future from them.
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i'm still being nice. trish: telling it like it is, in his nice way, thank you, sir. build better cars. that's the kind of nasty reply from germany after president-elect trump called out the count requestioning why we in america buy so many german cars? but germany, they buy so few of our cars. so perhaps it's not better cars but better trade policies, right? they slap a 10% tax on our cars that are sold in germany, and this is what trump keeps warning about. how can we equalize the playing field for all of these businesses. we're live from a bmw factory, one of the german car factories after this.
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. trish: president-elect donald trump is taking on the auto industry, threatening a 35% border tax on cars built abroad and shipped to the u.s., it's kind of working. ford, toyota, fiat and gm announcing new u.s. investment plans in the wake of trump's election and rhetoric. but germany, instead of playing ball with the u.s., germany says we need to, quote, build better cars instead. i want to go to jeff flock, standing by outside -- i mistakenly earlier said bmw, getting my german car manufacturers confused there. you are at mercedes, correct, in westmont, illinois. >> reporter: they are both very popular. trish: very nice cars. >> the mercedes is the big leader last year.
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the germans have a lot to lose if there was to be a 35% border tax. take a look at numbers on sales of luxury cars last year. all of them, by far, the big winner was mercedes. 340,000 vehicles. bmw, obviously another german automaker, 330,000. audi big, too. they way outsell the domestic brands here, cadillac and lincoln. hundreds of thousands more vehicles. now why is that? some people would say germans maybe make a better car but could it be this, also? for every car that mercedes makes in germany and ships into the u.s., they pay a 2.5% tariff. for every cadillac that the general motors makes in the u.s. and ships to europe, they pay a 10% tariff. doesn't sound like fair trade to me. we did talk to the mercedes ceo, i should say the daimler ceo and asked him about this.
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he pointed out that into the u.s., what will happen in the future, i asked him? he says i don't know, we'll have to see how it goes. donald trump taking credit today for all of the jobs and investment in the auto industry, here's the quote from twitter --
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there is a question how big this stuff is. the automakers typically announce these things piecemeal over the course of the year. gm said it would do that about how many jobs and what the investment would be and do they really go through with all of this? i've been it a lot of events where they made announcements and it didn't happen. we have to make sure feet stay on the fire. trish: thank you so much, jeff flock. gm announcing it's going to add 1500 jobs, invest 15 million in the u.s. walmart says it's going to create 10,000 new jobs in the united states this year. president-elect as you saw sent out a tweet thanking them all. i'm joined by the economist peter morici who has more whether or not this is all going to work. peter, one of the things i think is interesting about him is that he's basically setting a tone here in a way we haven't really seen, i don't know, if we've ever seen anything like
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this where he's saying basically the message to corporate america, guess what, you got to put the united states of america first if you want to have a good relationship with me and with everyone else in the united states. is this a tactic that will result in more jobs? >> well, it will result in some more jobs. we have to do something about what goes on in germany, for example, not just the 10% tariff, in lower saxony where volkswagen is located, the labor union has half of the board seats, and the government of lower saxony which holds shares in volkswagen has two more. so whenever volkswagen makes a decision about investments, for example, where to put new electric car production, it needs to get the votes of the labor union and the government who vote together on board. trish: what you're saying is very interesting, in that -- >> well. trish: protect labor there, look, i'm no union fan, but we run into a situation now where it seems as though management,
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labor, they're always hard set against each other, but still no one's really out there looking out. >> management is outvoted, management is outvoted in germany, at least at volkswagen, and freshgs that combination, the labor unions and the government of lower saxony are requiring volkswagen to build the batteries, the motors and new electric cars in lower saxony. likewise, volkswagen is going to a process of reinvestment and automating to cut 30,000 jobs worldwide. they need approval of the board for the investments. well, again, they need their approval, and many jobs will be saved in germany, production will not be in the united states. it's not so much that we need to do the same here. we need to knock heads over there to get the 10% tariff down and to make them stop playing this game that their free trade is donald trump is the protectionist. in the meantime, telling
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neral motors if you want to make and sell cars in the united states, you got make them here but ought to be banging volkswagen's head. we should put the same pressure on volkswagen as we do, as the german government does. the 35% tariff is fair trade to me! >> i got to say there has never been a more interesting time to be a business reporter or economist. >> never. trish: take care, peter. we've got a tweet from donald trump crossing right now. cf1 o talking about betsy devos and how she is going to be beginning her hearings this evening, and we'll take them live for you tonight. he put out a tweet. let's see, he retweeted another tweet saying -- very much a proponent of choice in our school system. so we're going to talk about
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that next, plus, we're also talking about davos. you know what's going on in switzerland right now where all the elites are gathering. so they can wear their fur coats and drive around in suvs and talk about big problems like the poor. what has happened here?
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. trish: the global supereleets taking the stage at world economic forum at davos, switzerland, the annual gathering of the world's wealthiest people, most successful elites. it's normally dominated by conversations about climate change and world hunger, but this year, it's something a little different. anti-establishment and antiglobalist politics have spread across europe and the united states and they are calling this the so-called davos class which has been put on watch with news of britain's exit from the eu and the leck of donald trump. so with this gap between the middle class and the global elite only getting wider, are
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davos's industry titans completely disconnecting themselves from the real world? maybe they already are. joining me fox news strategic analyst lieutenant colonel ralph peters. you spent a lot of time in europe, you lived in germany, you have a lot of thoughts what's going on right now. let's talk about big picture, how frustrated europeans are with sort of the upper class, if you would, that davos, frankly over there in the fur coats on the ski slopes, really has come to represent? >> yeah, the kardashians with ph.d.s. davos is revolting, it's a revolting spectacle of self-importance, of hyperconsumerism, utterly out of touch with the plight of not just the working poor but the average middle class person out of even out of small entrepreneurs, small business
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people. if davos, if the world economic forum had a motto, trish, it would be we know what's best for everybody. rest of you shut up. they're hitting a wall now, because it's turning into the echo chamber. when it began in the 80s there was a powerful exchange of ideas. but it's the most exclusive club where everybody speaks the same language in terms of what's right and wrong, multiculturalism is good, borders are bad. free everybody's equal. what they lost touch with is not only the economic struggles that drive people to vote for populist parties, but also the fact that most of us like our heritage. we value our religions, we value our nations, and davos is about erasing all of that, and i think it's, again, they're hitting a wall. trish: well, you know, i read that nigel farage who led the
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exit from the eu of the uk, and donald trump have not been invited to davos. in some ways, i think that's the last place donald trump would want to find himself only because as you point out it has become so irrelevant and they're so out of touch. the one thing i get that was somewhat amazing about him, he's the wealthiest guy we've ever had run for president. he will be the wealthiest president, and for whatever reason he seems to get what it's like to be struggling. he understands what it's like to build a business or he's resonating with people in a way that, you know, i'm sorry but larry summers and company over there at davos just can't do? >> davos, when it comes to the american participation, primarily tech titans, superanullated politicians, i would describe them as open
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wallets and closed minds. one thing that disturbs me about the times we're going through. we may, and i have strong opinions, have you strong opinions but we are willing to listen to alternative voices. trish: there you go. >> and at davos, it's a closed echo chamber. davos doesn't listen. trish: thank you very much, colonel. good to have you here. we're right back with donald trump's pick for the secretary of education. (bell chimes) ♪ nice work brother dominic. now we just need 500 more...
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enemy number one? >> the teachers' unions are opposed to betsy devos. she does stand up for school choice, school vouchers. she just received an endorsement, you mentioned it ten minutes ago from a pillar of the school choice advocacy organizations from eva moskowitz. she's very big in new york city and an advocate for families who want their children to have an option that might include better education than what they would get in the new york city public schools. eva moskowitz tweeted this out betsy devos has the talent, commitment and leadership capacity to revitalize our public schools and deliver the promise of opportunities. that is a very important endorsement, someone like eva moskowitz, who's not running but talk she may run for mayor of new york city. she is going to be grilled by none other than senator elizabeth warren.
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you should know in 2004 when her best-selling book she wrote with her daughter, the two income trap, she advocated school vouchers so parents can choose a school, a private school to send their children with public education funds, this is anathema, this is something the public teacher's unions are opposed to. senator patty murray is going to ask her to reveal tax returns. you should note they have never asked previous secretary of education nominees for their tax returns, this begins at 5:00 p.m. >> looking at the dollars behind, this and the teachers unions have donated to the democratic lawmakers with basically zilch going to the republicans. watching for it all, we're going to be back with a quick market check after this. the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car
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. >> we got the dow near session
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lose, off about 95 points, hopefully it will bounce off of that as we get into the close in the last hour of trading. financials leading the way lower, they haven't been this low since brexit. big week coming up, thursday, live from d.c. 2:00 p.m. eastern as always, and friday night come out to the ball with me. i will there at the inaugural ball beginning at 8:00 p.m. eastern. liz, over to you. liz: breaking news, remember at this time yesterday, trish, i told 3u 1 democrats were refusing to attend the inauguration, that number has just increased in this hour. now it stands at 54. 54. you got to stay tuned. because this number is constantly changing and causing waves. the markets entrenched in red at this hour. stocks are caught up in this game of where's waldo when it comes to future policy being made by a new breed of leader, modeled on donald trump. here's one of these new sheriffs in town.

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