tv After the Bell FOX Business January 30, 2017 4:00pm-5:01pm EST
stock market is all of those very popular stocks go through the p-e ratio divorce. [closing bell rings] ashley: bill smead thank you, bill. bells are ringing at the end of the trading day. all three averages looking at biggest loss this year. david asman, melissa francis here "after the bell." david: thank you very much. could have been a lot worse. concern about controversial new orders pressuring stocks but they did recover quite a bit by the end of the trading day. looks like the dow jones ending the day down 127. hi, everybody, i'm david asman. melissa: i'm melissa francis. this is the after the bell. we have you covered on all the big market movers. here is what else we have for you this hour. president trump kicking off second week of executive orders and frenzy from the main street media. i don't know if you noticed that he is meeting with his national economic council as we speak.
this hour we have karl rove, art laffer, walid phares will join us after the bell for all the big issues. david: what more would you want? the dow still suffering the largest postelection loss making the biggest drop so far this year. lori rothman on floor of new york stock exchange. lori, what caused the trigger. it didn't end in positive territory and way off the lows. what happened? >> absolutely. if you consider the calendar, david, you have the trump jitters. you will get that well into the broadcast. got a peek at a note off the trading desks there is lot of rebalancing going on. equity stocks outperformed bonds. so a lot of portfolio managers rejiggering their portfolio to even out their money. maybe a lot of outflows from fixed income into other financial tools. as we close out the month of january, pretty common practice.
there is buzz in addition to political concerns there is seasonal, monthly trading action we see here from time to time on the floor of the new york stock exchange. let me move it along to talk about the do you in particular. goldman sachs, caterpillar, half days decline on the industrial average. you have the nasdaq, the worst performing index of the day down .8. i know you saw that index. news here at the new york stock exchange. a big win snaps a parent company of snapchat, well it is going to list. it is going public, the social media site the kids these days love to mess around with. it will go public likely in march according to reports and could be valued as high as $25 billion. back to you. david: all right. lori, thank you very much. today's market drop blamed by mainstream analysts because of the president's order on immigration. there is new warning about the president not cutting taxes that
could be sparking investors. fox business's blake burman asked the white house today. >> we'll work with the house, senate, congress, and finance and ways and means committee to develop a comprehensive tack plan. there is eagerness on the part of congress do dough that as well. that is promising thing. david: liz peek, and steve cortez and scott shellady of tjm investments. good to see y'all. we have the a-team here. are investors worried about getting tax cuts delayed? >> absolutely. remember the markets had a very big run primarily on two issues, deregulation and lower taxes. though we did have a bold move from the president just today on cutting regulations which i think will be received very well and may have been the reason the market turned around, the truth is that tax reform debate goes on. for this he needs congress and i would worry that there are a
little, maybe too many suits, cooks in the soup here. they're are awful lot of different points of view to prioritize on tax reform. if this was really easy it would have been done already because even democrats understand we need lower taxes on corporations. david: scott, i know this president more than others can focus on many things at the same time but he is concentrated on a lot of different stuff. unfortunately one of those things does not seem to be tax cut right now? >> right the market giving him the benefit of the doubt early on. now we'll have to start to see the rubber meet the road. he will have to come to the table with something. i know spicer tried to do a little more this afternoon. i agree with the other person about the market coming back because of regulations but at the end of the day, really all has to do with facts. where the rubber meets the road and proof beinged in pudding we need fundamentals support the market. we can't keep doing what he might do.
we have to see true, hard numbers an fundamentally we're kind of missing some of them. david: steve it, might be actually easier for the president to get other stuff done, whether immigration and other things contentious if he got the economy really churning again and nothing churns the economy like a tax cut. >> listen, absolutely but let's be realistic here and put it in context. he has been in office just over a week. david: i understand. hold on, steve, there are certain deadlines, certain times you have to get these things through. if you wait too long, we may not get tax cuts until 2018. >> right. listen, under food. we will get them. they're demanding lower regulations and lower taxation. but the pace to defend president trump his pace has been frenetic. david: i know. >> when i was a boy army commercial, in the army we do more before beck fast than most people do all day. david: that's true.
>> he has done in one week than most presidents do in one term. david: i like to see more focus on taxes. we have to move on. melissa: president trump meeting with the economic council at the white house. president spoke with small business leaders promising them the american dream is back. >> small business has been treated very, very badly as you know better than anybody. almost impossible to start a small business. and virtually impossible to expand your existing business because of regulations. the american dream is back. we're going to create a environment for small business like we haven't had in many, many decades. melissa: liz, one of the point that he made for big businesses when you have a ton of regulation they can absorb the costs. it is not great but they have a way of dealing with it. for small businesses they tend to just go out of business because they don't have that kind of flexibility. >> yeah, without a doubt. anyway, the same kind of tax and legal expenses as a big company
but if you don't have .1 of the revenue it really hurts you. the small business administration and the national federation of independent businesses and others have polled their numbers time and time again, and the truth, taxes are important but regulations are killing these people. if you talk to anyone that runs a small company they know they need this kind of regulation, regulatory relief. so trump has come in, pledging to do this. optimism in this group has soared. and it's incredibly important for hiring, for new business formations. agree with him. the american dream is not working on assembly line or being running a big corporation. it is being an entrepreneur. melissa: steve, i love the regulations, one in, two out is that realistic. one thing to issue the executive order. is it hard to manage? >> it can be.
like a bouncer of a crowded bar, two people have to go out before one comes in. a great idea. it is also not just numeric it is scoring they can't start tiny to -- this is revolutionary. washington, d.c. has never dealt with this business world metrics. that is what we're getting by electing a deal-maker in chief somebody like donald trump this is so key. it is not just the policies. they are absolutely important but also optimism and attitude that he is bringing to all of america that we can do better. too have the confidence to start a business and buy more as a consumer this can become a virtuous cycle. it already has in the stock market despite a small setback today. i think it will be on main street going forward. melissa: scott, what do you think? what is your reaction to all that? >> you know what i think? we've gone from this analysis paralysis, which is normal politician's way of life, to ready, shoot, aim.
that is a little bit of the problem we're having right now. put things into perspective, i need to say this. 325,000 people coming through our airports this weekend. 109 were delayed or had interruption. how many people did delta interrupt this weekend? talk about that thousands of people interrupted from delta. 109 passports disrupted from immigration. that is one thing. he is slowly but surely will get it right. i agree with steve, this optimism is fantastic. nobody is ready to sigh ready, shoot, aim, rather than analysis paralysis. melissa: let's hope tax policy is next. david: i'm for that. airline stocks take a major hit as protests at major airports continue at president trump's executive order. the press secretary was pushed on it earlier today. fox business's blake burman was in the briefing room. sean spicer picked on our friend blake, liked you, blake. melissa: picked on good wayport port got a question.
that's what we're there for put hands up. asked him about tax reform. one of the big issues, david and melissa really dominated briefing there was the executive orders with refugees and visas of course that the president had signed a few days ago. the argument was two-fold from mr. spicer during the briefing. first off, he said that the detentions when you really look at it in terms of scope, one of our guests was making that argument, he said it was very, very minimal. secondly this president will not be reactionary when it comes to fighting terrorism. here was the press secretary earlier today. >> i truly believe it is being blown out of proportion. we made sure people coming in weren't coming in to do us harm. we made sure that people went back to a country one of thosevt to do this country or our people harm. they all got in after screening. the system actually worked really well. reporter: on this issue
president trump sent out a series of tweets this morning and ended with the following, he said, quote, there is nothing nice about searching for terrorists before entering our country. this was a big part of my campaign. study the world. spice letters said that he feels very confident that the administration will prevail in court. there are several outstanding court cases with this he calls this a national security issue. david and melissa. david: he is tough. sean spicer pressers are something to watch. thanks, blake. top ceos are chiming in with their own views on president trump's executive order to vet immigrants from seven hot spot countries. more specifically, nike, starbucks, netflix, ford and goldman sachs, all in opposition. steve, i got to think, there is a risk, as this day has gone on and we get more information about what this immigration order is all about, opinions have changed. they have become less dead-set against it.
aren't these ceos getting wa ahead of the action by putting themselves out here? >> i think so. i think they're way over their skis. for their companies it has nothing to do with their business. they're choosing to insert themselves into political debate when they have no reason to. they should remember almost all these companies you named are new york or west coast-based they're once again for getting about fly over country. david: ford motor company is there too. scott, they look at now they're on the side of organizations like cair, george soros organizations. i think they're getting on one side, they may not want to be there. >> can i interject a little bit of common sense into this? when i hear all the ceos complaining about this new immigration policy, i really want to know, howard schultz, how many people are on your payroll are from yemen and sudan? maybe he should start to hire people he steps over on the way to work every day, homeless
veterans instead of all these refugees? at the end of the day i find this ridiculous. ask the question where are they so worried. sudan, yemen, that is your problem. this is not islamist refugee problem. it is not muslim one, right. there are 50 countries predominantly muslim. what about the other 43. david: liz, quickly, go ahead. >> there are visa issues that these companies care about, h1b issues. this has nothing to do with this execs tiff order. i wonder if they read the executive order. it excludes government officials and other people that might be problematic. i totally agree. complete overreaction. people need to calm down, take a deep breath. read the order. david: "new york times" as your basis of information source you should tune into fox news or fox business. >> exactly. david: thank you very much. good to see you all. melissa: chaos and confusion at our nation's airports i guess. that is the way they made it
look. president trump's executive order on immigration sparking a lot of protests across the country. david: the mainstream media might be surprised to find out a former president took a harder line on president trump. so is a double standard at play here? we asked karl rove, former senior advisor to president george w. bush. melissa: critics claiming the executive order is nothing more than a muslim ban but the white house calls it a necessary step against in the battle against terrorism. we'll ask walid phares, former advisor to the trump campaign if the president got it right. so what else is new? how's your mother? umm..she's doing good. she needs more care though. she wants to stay in her house. i don't know even where to start with that.
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david: chaos erupting at our nation's airports or at least where the protesters were. these huge protests were breaking out in many places around the country in response to president trump's executive order on immigration but president trump is not taking the blame. tweeting only 109 people out of 325,000 were detained and held for questioning. big problems at airports were caused by delta's computer outage and protesters and tears of senator schummer. secretary kelly said all is going well with very few problems. make america safe again. melissa. melissa: all right, not backing down, president trump defending his executive order on immigration silencing the critics. the president issued a statement saying my policy is similar to what president obama did in 2011 when he banned visas for refugees from iraq for six
months. bill clinton had interesting words on undocumented immigrants when he was president. take a listen to this. >> all americans, not only in the states most heavily affected but every place in this country are rightly disturbed by the large numbers of illegal aliens entering our country. the jobs they hold might otherwise be held by citizens or legal immigrants of the public service they use impose burdens on our taxpayers. we are a nation of immigrants but we're also a nation of laws. it is wrong and ultimately self-defeating for a nation of up my grants to permit the kind of abuse of our immigration laws we have seen in recent years and we must do more to stop it. melissa: hmmm. here now is karl rove, former deputy chief of staff, senior advisor to president george w. bush. he is also obviously a fox news contributor. karl, listening to those words, i mean, you wouldn't know that was bill clinton speaking or
someone from the left given reaction we've seen to donald trump. what do you think? >> well, even more amazing than that is, the person who helped put those words into the 1995 state of the union address by president clinton, and that was the chairman of the u.s. commission on immigration reform, congresswoman, former congresswoman barbara jordan of texas. she was the chairman of commission. was tough on it. issued a scathing statement we need to restrict immigration. do something about the presence of illegals, taking away our jobs and we need to protect our borders. not too many democrats would like to acknowledge some of the same things donald trump said over the last two years during his campaign, now as his presidency were previously said by an icon of the democratic left, barbara jordan. melissa: what has changed over time? if that is something president clinton wanted to say in the state of the union and did it with passion and very forceful and now it's a policy that the
left really, i mean, obviously rejects as racism, what has changed in those 20 years? >> well, do i think some on the left fervently believe we are better off having a open borders country but i think there is also a political calculation for this. i don't mean to demean everybody who has a view of open borders and unrestricted immigration. i'm in favor of immigration reform myself. but i remember this. in 2007 when we were fighting for a comprehensive immigration reform bill one of the people who helped torpedo it, somebody who previously proclaimed his support for comprehensive immigration reform but without telling the democratic sponsor of the bill, ted kennedy or republican sponsor of the bill john mccain or president push he personally, i was there when he did so personally pledged his support for comprehensive immigration reform bill, without telling any of those people he turned and flipped voted for all the killer amendments that would be the young senator from
illinois, barack obama. democrats are capable of looking at this, i think, cynically from a political perspective. you remember, president obama did not make comprehensive immigration reform a priority in 2009 and 10, when he had overwhelming that majorities in the congress. it was 2012, facing re-election and worried about tepid support in the latino community, he gave the extraordinary executive order he previously lacked power to institute. melissa: what do you think about chuck schumer's tears? he was out there crying this is not the nation we are. you look back the obama administration did some lar almost identical things? he is crying, president donald trump say i give you 5% chance those tears are real. that is pretty harsh. what do you make of chuck schumer? >> look, i'm not going to make a judgment about it. i'm going to sort of assume that they are honestly made but i do
need to correct one thing. there is a very good article in foreign policy. president obama did something but it was not as broad and as extensive what president trump has done. there is difference. melissa: what is the difference? >> it was much narrower, it concerned one small classification, called siv, visas. visas who had given people supporting america in iraq. they were interpreter or something. second of all it was not a ban. it was review. they said we would slow things up have everything reviewed more carefully next six months. it was done in response to a specific threat. and that threat was we found two people who had these visas out of 130 people who came to the united states on these visas, two of them were prepare al terrorist act. so this was down out of abundance of caution. it was orderly process aimed at one country. they had the process expanded to cover seven countries.
those, that they have to have visa to come to the united states. they can't come without a visa. it is apples and orange. i think frankly the president is on better ground saying during the campaign i talked about this. i told i was going to have extreme the having. this is what i'm going to do. melissa: it is accurate he got the list of seven nations from the ones president obama used. you're saying it was not the same action? >> what president obama said, what president obama said if you want to come from these seven countries you have to apply and get a visa before you can come. melissa: karl, thank you so much. we've got to run. >> you bet. david: 90-day suspension. there are a lot of things misreported. it is not a muslim ban either. fact versus fiction, white house facing major backlash over the immigration ban. what are the real facts? we're breaking it down recalls all the executive orders steal spotlight. tax cuts, where are they? melissa: we're really focused on that. david: we're not seeing them
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melissa: democrats are delaying finance committee vote on treasury secretary nominee steve mnuchin until tomorrow. it will take the place at same time the committee votes on nomination of tom price to serve as next secretary of health and human services. that is at 10:00 a.m. >> when you have a regulation you want, number one, we're not going to approve it, but probably approved in 17 different forms, but if we do, only way you have a chance we have to knock out two regulations for every new regulation. so if there is a new regulation they have to knock out two. david: president trump keeping up with the fast pace in the white house, signing another executive order to slash
regulations that happened this morning. what about tax cuts? here is art laffer, former reagan economic advisor and laugher associates founder and chairman, founder of the laffer curve which is all about the effects of tax cuts. regulation cuts are terrific. that can get the economy or help to get the economy moving but nothing does it better than tax cuts. why are we waiting so long on that? >> i have no idea why we're waiting so long. we should be at the corporate tax cut. david, regulations cutting are wonderful, they are really wonderful. the real problem we're having is doing with personal income tax cuts. i think one of the real big problems on that comes from the house and house ways and means committee they have to always get a pay-for, and they count tax cut as revenue loss. so they have to find another tax increase to offset it or spending cuts when in fact we all know a corporate tax rate reduction from 35% to 15% would
actually increase revenues dramatically in this type of economy. david: art, the thing is, that is why it take as president to really push these things through. if you leave it up to the folks inside the capitol they won't do it because they're going to be dragging their feet, everything has to balance, so-and-so. kennedy had to push it through himself. ronald reagan had to push it, really push it through. so far we haven't seen that. it is only been a week, granted. >> yes. david: but at the same time we're hearing stories we might have to wait until 2018 to get a tax cut. >> i read those as well, that is very sad. it happened with harding and coolidge. it happened with kennedy and it happened with reagan and happening with trump. we will get them. we have a long runway, political runway. we have very out of date corporate taxes and personal taxes. and we will get them. david: i'm just wondering why we don't learn from past mistakes? ronald reagan was a great tax cutter but took him 18 months to
get the tax cuts really, before they kicked in. he made all the deals with congress. >> i know. david: look what happened to the gdp. we have the gdp figures from the reagan era. the first two years, 1981, 2.6%. that is normal for what we've had over eight years. 1982 we had recession. negative 1.9. every year after that, '83, 4.6%. 1984, 7.6% growth. every other year it was above 3.5% growth. it is extraordinary. once the tax cuts kick in you get the extraordinary spur of growth. >> amazing how tax cuts don't work until they take effect. i told the president about is faking of tax cuts how it would cause a problem. if you want to see a did a piece of baron's on front page of, how we would have air market, '81 and '82.
i used the phrase barn-burner. it happened with kennedy and harding and coolidge. unfortunately looks like the path with trump as well. corporate tax cut could do it quickly, david. you could pass that in 90 days. no one in the house or senate. republicans against the corporate tax rate reduction. you could that really quick that would have huge stimulative effect. i think it would pay for itself next couple years. david: i don't know why they don't get on. get a phone call from art laffer. >> there you go. david: thank you, art. melissa: keeping america safe. the white house striking back at critics over the executive order on immigration, calling it a massive success story. walid phares, former policy advisor to president trump's campaign will weigh in. david: plus starbucks is now under fire after ceo howard schultz sauce he is -- says he is losing his buy leave in the american dream. we'll ask people if it changes
their decision to buy morning caffeine from a different vendor. >> i will probably buy more. i agree with him 100%. >> he is a great ceo. that is action he wants to take, that is fine with me. i'm still drinking starbucks. you can't predict the market. but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your 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 this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis.
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i mwell, what are youe to take care odoing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life. melissa: protests erupting across the country over president trump's extreme vetting executive order but the administration is defending the
move saying it is needed to keep americans safe. the speculations are flying all over the place. our very own peter barnes is separating fact from fiction. >> groups from dnc and council on american-islamic relations are calling it the muslim ban. "washington post" fact checker and powe lit fact are not siding with critics. president trump noted there are 40 different countries worldwide majority muslim not affected by this order. fact-checkers and supporters acknowledge the seven countries covered by the president's action are majority muslim but the obama administration previously described them as terrorist hotbeds powe lit fact says. other they say a lot of refugees from christians from 2012 to present. half in case of iran. the order allows expedited
treatment for them and other religious minorities that they need safe haven in the united states. according to the order on a case-by-case basis the secretary its of state and homeland security may issue visas or other immigrant benefits to nationals of these countries if they determine that that is in the national interests. melissa? melissa: peter, thank you for that. reporter: you bet. david: as many taken off-guard with president trump's administration executive order. the administration had a reason for an bankrupt timing. >> from a safety standpoint if you announce in five days, 10 days, these countries become travel restricted you could have enormous unintended consequences. similarly and more importantly individuals who are plotting to engage in terrorism or simply have terrorist ideas or sympathies, they would use the window to enter the united states. from a security standpoint that would be inexcusable. david: here to react, walid phares, former trump
policy advisor and fox news national security and foreign policy expert. walid, first of all there is a lot of bad information about what this thing is. the fact that it is, or the suggestion it's a muslim ban was actually made today by president obama who tweeted through a colleague about how he feels about this executive order. he says the president, meaning obama, fundamentally disagrees with the notion of discriminating against individuals because of their faith or religion. if it was a muslim ban, there are over 50 countries that have majority muslim individuals living there. if it was a muslim band they would all be excluded from coming here, right? >> david, 57 members of the organization of islamic conference would have been affected, and with would be the meaning of president trump being on the phone for hours with the king of saudi arabia, the protector of the two sides of islam, with the head of u.a.e., with the head of egypt and many
other leaders in the muslim world, what would be meaning for example, us building bridges and alliances with those arab and muslim moderates to make sure we can isolate -- this is not a ban on muslims or on islam. this is basically a measure, an early measure actually to determine what is the map of the terrorist jihadi forces across these seven countries. very interesting, david, nobody from the critics is even discussing what is happening in those countries. david: it is a 90-day suspension of people trying to get a visa from those countries unless they have a green card and of course mistakes were made clearly over the weekend. a couple of people were detained that should not have been detained. most of the 100 or so people detained were finally released. granted may have been sloppy in a couple places but is it a learning process we're going through? >> this is the beginning after
process, very limited in time. by the time anybody applied for visa in certain countries, one year or six months. so they need to relax a little bit. what the administration should have done in its own bureaucracy is to have a 800 number, a team that would be responding to those claims and also sometimes accusations to diffuse them. but what is important about this measure is that it is now going to be very clear for the american people where the problem is, should it be in countries such as libya, yemen or even ise of iran. david: speaking of iran, u.s. officials are confirming iran conducted its first ballistic missile test under donald trump's presidency. this is another apparent violation of the u.n. resolution. walid, what do you think of this? >> not just a breach of that international agreement which as president trump is saying is not even implemented. this is a direct message to the united states, to europe, to the
gulf, to israel, other countries, iranians, iranian regime are building long-term, long-range missiles that could reach all of these capitals. they are building the dome under which they are eventually building the nuclear weapon to come. david: do you think our allies will sit back and let it happen? >> allies are looking at leadership of the united states. one of the reasons for why allies and partners in the region past eight years did not move in a good direction they have been telling us the obama administration was leading from behind. now it's a different story. we'll wait and see. david: we will. by the allies, not only israel and saudis how they are in alliance together. walid, we'll leave it at that thank you for coming in. melissa. melissa: fighting back against immigration. top democrats demanding the president withdraw his controversial order, protecting undocumented immigrants, even if they drink and drive?
melissa: senate democrats are gearing up to lead a rally at the supreme court calling on president trump to reverse his executive order on immigration. fox news's mike emanuel is in d.c. at the protest. getting ready to start, right, mike? reporter: that's right, melissa. we expect a short time from now. we expect senate democrats will try to force a vote on the senate floor to repeal the president trump's executive order. senator dianne feinstein of california is offering two bills. one would reverse the refugee action by president trump. two to give congress more oversight these kinds of measures. not likely to have the votes. a short time ago the senate democratic leader called the executive order mean-spirited and un-american. >> such a far-reaching impactful executive order should have gotten extreme vetting. instead, it was rushed through without much thought or deliberation. i could not disagree more with
the intention behind the order, but the haphazard and completely incompetent way in which it was implemented made matters even worse. reporter: on the senate floor lawmakers are back to work on a new week. a lot of what republicans want to do is confirm trump cabinet the senate majority leader says there is nothing wrong with making sure this refugee vetting process works. >> to the extent they're trying to improve the vetting process, i think that's in order. we need to bear in mind that we don't have religious tests in this country. we also need to remember that some of our best allies in the war against islamic terrorism are muslims. reporter: some republicans called for better communication and coordination after the drama this weekend. melissa? melissa: mike, thank you. reporter: sure. david: by the way in hearings couple weeks ago democrats were talking about social security and how it is sacrosanct. if you think your social security account is safe from the prying hands of politicians you're wrong
unfortunately. they already are cutting social security checks, reducing the amount that you get. you can find out about all of this reading a piece i wrote for foxnews.com. click on the site. opinion tab in the site for fox news. see it there. amazing, you get statements. we san gotten checks yet, statements how much you get when you retire. ain't going to happen. they can cut into it. melissa: absolutely. good stuff, checking that out. taking a stand against the president, consumers calling for ban on starbucks. will you give up your daily cup of joe? >> will i don't think it will not make me by a cup of starbucks. >> opinions he may have on immigration ban is really his own opinion. ir corrosion before it ever becomes a problem. because safety is never being satisfied.
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melissa: backlash in the business world. starbucks facing boycott threats. this after the company's ceo took a stand against president trump's executive order on immigration. we took to the streets to find out if people are still willing to buy products from the coffee giant. maybe they want to buy them even more. take a listen. >> it doesn't matter to me what they say. >> no. because i agree with him one how%. >> he should focus on selling coffeet being in politics. who gives him the right to question the chosen president? melissa: now, of course that was very scientific because it was done right here in new york city where trump has zero support. so there is that as well. here is bruce turkel, ceo of ture kel brands. as you saw some people didn't even know.
the boycott #starbucks was trending number one on twitter. >> i think it is very good to sell an addictive product. it gives you a sense of confidence people coming back no matter what. melissa: great point. >> that being said in today's newly-polarized society you can no longer duck issues. you have to take a stand because today saying nothing means you condone what's going on. so a number of companies look at who their audience is, look who they sell to, take a stand based on values of their consumers. that is what starbucks is doing. melissa: do you have to actively speak out what is going on in politics this second? you don't see dunkin' donuts making a statement, that doesn't mean they're with trump i would assume they're making doughnuts. >> it would make museum they believe their audience is a pro-trump audience, or at least
a less political audience. melissa: no. >> believe me nothing like that is left to chance. you don't hear those companies making those kind of mistakes. they strategize this and make moves based on what they believe is best for them. melissa: so do you think the fact, boycott trump, i'm sure that was trending at some point, boycott starbucks was number one, you don't think that is a bad result? >> i really don't. melissa: okay. >> i think what you hear is starbucks. it is trending, and people care. some people will order more because of it. melissa: you say everybody has to take a stand. one person who didn't take a specific stand depending how you look at it, last night miss universe's competition, miss france was asked about an open borders. i will talk for a long time, so everyone can look at the girl in the bathing suit. she was asked about open borders. it was like a rorschach answer in my book. see if you can tell what she was trying to say. >> >> translator: so the country should have the right to open or close their borders. having open borders allows us to
travel more through the world and to find out more about what is out there in the world. melissa: so, it should be left up to the country whether you want open or closed borders. in a way, it is kind of a clever answer, it means nothing. you could hear from what you want. if you want to close them. we have right to decide. we won't close them. if you want open borders, that is great too. >> i'm sorry i was looking at women in the bikini. melissa: exactly. that was the point bringing her into this discussion frankly. >> i like the french accent as well. listen, there is no advantage in the middle. people used to think it was a good idea to straddle the fence firmly. that is no longer true. at the same time i don't think we ever expect coherent answers from mess universe winners. the fact this was coherent and understandable. i applaud. if you don't take an opinion i have forgotten immediately. melissa: i can't believe you worked straddle and bottom into
your answer. fantastic, bruce. only i can say that get away with it. we'll see. >> thank you, melissa. david: he plays along. shielding criminals from deportation. why one sanctuary city mayor strains to make the point that drunk driving isn't really that bad after all. i tried hard to quit smoking. but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all day. it's the best thing that ever happened to me.
>> a minor offense in a sanctuary city. >> we're not going to see families torn apart over a very minor offense. >> but is grand larceny or drunk driving a minor offense? >> drunk driving that doesn't lead to any other negative outcome, i could define as that. >> a minor offense. new york city mayor bill de blasio defining drunk driving as a minor offense. what's amazing, melissa, is how they struggle to turn and squeeze and twist in arguments so that it somehow fits their louisa hodge. >> it's amazing. drunk driving has caused so
many deaths, and if you happen to not kill someone during the time you were doing it, then no big deal. >> and remember katesteinly, there were several chances for him to be turned in. but it was a sanctuary city. >> that does it. risk and reward is next. >> nonsense if this is a muslim ban. this is a ban on travel perspective from countries trying to prevent terrorists in this country from countries that have a recent history of training and sporting and harboring terrorists. >> i would suspect as long as they're not awful people that they will move through before another half a day today and perhaps some of these people should be detained further and if there are folks that shouldn't be in this country, they're going to be detained. so apologize for nothing here liz: the dow suffering its biggest post election loss today. this as the trump administration is now on defense.