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tv   Cavuto Coast to Coast  FOX Business  May 8, 2017 12:00pm-2:01pm EDT

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that is the killer tax today, 160 million people are paying it. that is the one we need to reduce. charles: david stockman, ladies and gentlemen. now the man himself who has really all the answers is neil cavuto. neil: the guests the way you alienate them. holy cow. more mother teresa passed away. can you imagine. well, charles, what i meant to say. thank you, buddy. thank you very much. holy toledo. meantime we're keeping track of a fast moving development. remember the briefest time the president's national security advisor, the trump folks were originally saying president obama is one who given him all the security clearance and the rest. now administration officials from the obama days, we gave you head's up on this guy. all of this, very key white house testimony is coming up from past and present players. and this situation gets deeper and deeper and more involved.
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former bush 43 spokesperson mercedes schlapp. is this latest distinction, mercedes from the obama administration, president obama himself purportedly he had given the new president to be a heads up on general flynn a game changer? how would you describe it? >> i don't see this comment from these obama administration officials to be necessarily a game-changer in any way. i think that president trump at the time did have faith in michael flynn. i do believe that following what we have seen in these events that happened in the months, in january, february, where flynn had to resign, flynn continues to be that reoccurring nightmare that does not to away for the trump administration. we're all anticipating see what happens with the sally yates testimony which i think will be very telling in terms of these warnings that were given to the trump administration. but i just don't see it necessarily, what this actually
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brings what is a game-changer, after the president and his team said no longer they had trust in michael flynn and released him. neil: when you say things change in the white house, you haven't changed, the original argument was that the former security advisor michael flynn had lied or misrepresented himself to vice president pence. >> right. neil: possibly there is more nuance to this, comes out in sally yates' testimony where she too, we're told, raised concerns about him, where is this going? >> i think you saw with the attorney, flynn's attorney they were seeking immunity for flynn if he were to testify in front of the senate or house intelligence committee. obviously the senate said no, they will not give him immunity. that is opportunity to get more information. flynn, from a legal perspective could be in trouble, neil. so i think that, this is
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something that needs to develop, but what you're trying to see is the fact that, there is a story stop with flynn or does it get into the higher ranks of the trump administration? at this point indications show it is basically the problem here has been michael flynn. i think it would be wise for president trump to not necessarily keep trying to, you know, back him up in any way. i think that relationship is severed. there is no reason to look back. he has brought on a very qualified national security team and there is no reason to be defending michael flynn at this point. neil: for those watching at home we're following markets as well. normally developments, unexpected developments might weigh on stocks, we're not in a big way. technology stocks continue to have a good day. we'll get to that in a second. if this is dissuading investors that health care bill ironed out
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and brought back to the house and repeal and replace obamacare, that will grease the skids for tax cuts they have a funny way of showing it. there doesn't appear to be any doubt about that. or latest developments president obama warned his incoming success general flynn how that changes the dynamic anyone's guest. bring in "new york post" washington bureau chief. gabby, are you getting a hint that it's too administrations views on the same guy and that the obama people are going out of their way to insist that they warned, telegraphed, gave a head's up, whatever you want to call it that general flynn might be problematic and the trump people coming back to say, well, wait a minute, it was you guys who gave him the security clearance that, let's say made him problematic. where is this boeing? both sides are trying to defend
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their positions on this it is certainly significant revelation to find out obama administration officials had warned the trump administration that before president trump took office -- neil: i'm sorry to jump on you. do we know that trump people confirmed that by president obama or is it coming from obama folks? >> the white house has gone radio silent on this we haven't heard confirmation. if these claims are true, it does mean that the white house obviously had some reason to believe that general flynn might not be the best person for the position of national security advisor. yet weren't ahead and hired him for that position anyway. i think that is something that sally yates will certainly be asked about in her testimony today. especially, what those concerns might have opinion. keep in mind, this is an individual who was let go by the obama administration in his role as director of the defense intelligence agency for mismanagement and other issues. so whether there are concerns and whether there are warnings
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to president obama's successor had to do with those issues or other concerns that they may have had possibly about his relationship with contacts with russia or other things is certainly something that we should see, you know senators ask sally yates about today. neil: gabby, i see things always through the greedy, selfish prism on wall street, if you indulge me here, the collective read is anything that delays health care repeal or replace or tax cuts after that is bad news. is this the kind of thing that could drag on longer than thought and imperil those initiatives? >> well, look, neil, i don't think this will have a significant impact on the legislative process on health care or tax reform. i mean the stories about general flynn and russia and this administration have been going on since the minute president trump took office. yet he has accomplish ad number of things during his first 100 days. just last week we saw the house
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pass the health care bill. i don't think this will overshadow or delay or have significant impact on those process. i think congressional republicans are capable keeping those things separate and not let what is speculation is happening in the media overshadow or affect their legislative process in any way. neil: gabby, a pleasure, thank you, very, very much. >> thanks, neil. neil: meanwhile he is deemed i guess the left of center candidate, very triumph man emanuel macron who easily won the french presidency by two to one margin over his closest opponent marine le pen, in second place was none of the above. protesters are building in the 39-year-old future president, i think takes office on sunday, they see a former investment banker and one who already talked about cutting spending. generally the stuff we associate with conservatives and republicans in this country. ashley webster, in france now
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with the latest. we have "daily mail" columnist katie hopkins. both by the way are in paris. ashley to you first. i caught your earlier. ashley: yeah. neil: you talked about the fear, i only say the fear among protesters, hey this guy is like, you know a cost-cutting republican and he won't be good for us? ashe ark he is. he is a miserable millionaire. former investment banker who's proposing they cut government jobs by 120,000. that they cut government spending by 65 billion. and that has had many people here in france saying, say what? what are you going to do? that does sound like an extremely conservative republican. he also, god forbid, wants to reform french labor laws as we know very difficult for a french company to hire and fire people. also very strict regulations on the number of hours that can be worked in a day. you start messing with that, you
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will get protests in the streets. yes, he won the election, neil, but he is not a friend of let's say the trade unions and those on the left. neil: you know, always a risk too, i think, katie, when you look at this, because you have no party to associate yourself with, i know he was a economic minister or thereabouts by president holland, that relationship quickly soured, he went off on his own, but not much telegraphing leader he will be like. what sense are you getting? katie, can you hear us? >> oh, i'm sorry, my sound dipped out there for a second. in terms of the president you're going to be getting, one of the things i look forward to him meeting with trump. what you have in emanuel macron someone verging on autistic levels of not being able to communicate with people. he is known not to have any friends. he doesn't how to handle a
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regular conversation. so the idea that he is going to meet this man mountain of humanity that is trump it is going to be horribly, horribly awkward. i reckon even more awkward than the meeting with merkel. but i just run here from the protest, or gathering from the bastille. about a million plus people. these aren't right-wing individuals. this isn't the front national. this is is the front social as they call themselves. they are deeply concerned about having a financeer, a banker as their president. this is a socialists are out protesting against the election of macron. we're not going to see a lot of this on the liberal media, i don't think, but i think these protests will grow overnight. there will be trouble later. neil: i didn't know about the conversation difficulties or some of his social inequities but look, ashley, he has done quite well, but there is that promising future there. >> this is true.
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but he is really awkward. he is so awkward. neil: really? okay. ashley, are you getting a sense because maybe both candidates were so outside of the box if you think about it, obviously le pen more so, that the french really don't know what they're getting? ashley: they really don't. you know, macron is somewhat of an enigma to katie's point. someone said he is incredibly charming and uses a lot of words to get what he wants because of that charm. they say he could charm an office chair or seduce an office chair, i'm not quite sure what that means but does he have a you substance behind it? can he form a government? can he get other party's lawmakers to join him to form a coalition government. we'll have to wait and see. it is very difficult to get a sense who this person is. certainly protests we covered today, it was all about the millionaire investment banker who is just another member of the elite and doesn't look after
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the worker. and certainly doesn't appeal to those supporters of le pen. neil: this is a five-year term, i believe, katie. now there is, there is all of us despite his promises to keep france within the european union and community, there is no gain i that any of -- guarranty of any of this populist wave some termed was stymied is really same mid forever. what sense are you getting? >> not at all. not at all. i think look at this kind of tidal wave coming in of change of populist politics. macron is small, small child stood up against this enormous wave. there is nothing he can do to stop it. to the last point we're talking about, he feels very surface level. this is politics. there is only skin deep. there is nothing really authentic to hold on to. i was at the celebrations at the louvre last night. before i had even got through the door, i had been given two
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t-shirts with macron and flag to wave. when the camera came on the people waved flags even though they didn't know what they were waving for. it looks very pretty, looks very polished, but behind that there is 39-year-old little boy, who is married to his nan, has no friends or representatives to put up to the legislature. i don't see this lasting very long. he walked up on stage to the eu national anthem. it made me shiver and shudder as "brexiteer," terrible. neil: we'll put you down as a maybe, kate. that could always change. guys, thank you. >> it could change! neil: very good reporting. it gets tough following this election non-stop. give them a break. meanwhile the tech sector is bringing the broader market into focus this year because they seem toby the big names.
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some looking at now, amazon and alphabet and apple. in and out of all-time highs and one of the reasons why investors are still confident, no matter what is happening abroad. no matter what is happening here on the whole general flynn dust-up, it is still steady as she goes for investors. are they right, after this. dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪
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neil: i want to check in with katie hopkins whether she would give macron a chance. shed said la no way. quite a fan. look at apple, that is still at a new high. technology has been driving this puppy of late. in fact not at all chagrined by all these other developments. the real tech rally though, might be over with apple's one trillion dollar market cap possibly a pipe-dream. it is closing in on that but you don't think it will get there? >> well, if you look at it, neil, that is almost another, 30% jump in the stock price. neil: i guess you're right. >> that it is very hard for a company of that size and at that
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level or age or maturity of technology to go make that jump. and, they have just -- neil: it has been done, right? >> sure it has been done. neil: went back to half a trillion. that was a huge leap, right? >> it was, it was, but there are technology companies -- we use that rubric very broadly by the way. neil: right. >> to include companies doing wildly different things and with wildly different security of business models and just, you know, if you ask me of the kind of the four horsemen of amazon, google, microsoft and apple, if you ask me which one was the most likely to jump 30% in its stock price over the next year or two or three, it is not apple neil: what is driving technology? i mean, i always think of this group, not to get weighed into politics here, but a group monolithically opposed to
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donald trump, certainly not a fan, it is this group but yet it seems to be the biggest sector beneficiary and election and post-inauguration. what is going on? >> i think that's true. in the first case it is the old marc andreessen statement of software eats the world or is eating the world and it certainly is. no matter hoyou slice it, more and more of our activities and more of our jobs and more of our stuff is being delivered in some softwarized sort of way. there is over all big, sort of return to technology companies, that is coming at them. and the more they're freed up, the more laws say fair our economy becomes -- laissez-faire your economy becomes more we're attuned to that. donald trump conflicting impulse he has wants to support people being harmed by that but at the same time he wants to unshackle the competitive forces.
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they're the right impulses but to a certain degree they're in conflict. neil: well-said, dave. dave main any, he has been following following this stuff long before people were looking at these names cool names he was on to that phenomena. that makes him invaluable to me. i copy what he says and use it as eye own. comcast and chart irare confirm agreement to call wireless partnership. brand new person to introduce her today, for example business's tracy with all those. >> thank you, neil. their goal grab a piece of the competitive wireless marketplace, share the tech expertise with each other around figure out ways to make service more efficient and save you money. you can get everything you need, cable, landline, home internet wireless service from either one of the cable giants. comcast rolling out out the
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xfinity working under a reselling agreement with verizon. once you have a wireless plan with them of the hope for customers to be able to travel seamlessly between the hot spots, the same with charter. in a statement, charter ceo tom rutledge says this agreement, will quote, provide more competition and drive costs down for consumers at a similar national scale as current wireless operators. comcast ceo brian roberts agreeing saying quote, working together our goal is to even create a experience for our cuomers. comcast the lowest wireless plan is $45 a month compared to others ranging from 50 to $90. neil, it's a good deal. neil: it's a good deal. that is the future, right? big push has been who is going to be leading this effort, right? >> yep. you know, make your life easier. who knows what will come next. neil: before you came here you were at wcbs, right?
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>> wcbs down the street, reporting on everything in the new york city and tri-state area. neil: before then you were? >> before that i was reporting in nashville, tennessee at the abc affiliate. before that in duluth, minnesota. neil: 14 years old, how is that possible? i'm kidding. >> i started when i was two. neil: i see. no one better mess with you because -- >> i have a blue belt in tae kwon do. doing that about a year. neil: really. >> it has been really fun, yes. neil: okay. ralph, my producer, so do you, neil. blue belt in buffets. tracee, thank you very much. >> thank you. neil: sean spicer will have the press conference. we don't always, always monitor these things, but latest developments president obama saying i gave the incoming president donald trump about general flynn and my own doubts whether he should get security
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clearance let alone be a top position in the administration. we've heard radio silence from the administration itself but the president was tweeting out his support of general flynn, what a good guy he is. this morning over the weekend as well. no response to this latest charge that the obama administration put heads up he was a problem. sally yates in a key role as a acting attorney general official in that capacity, in the early days of the trump administration. long before we challenged that executive order on deportations, she had raised concerns only days earlier about general flynn, saying to the administration we're told, she will spell this out in testimony on capitol hill, not the kind of guy you want with that kind of clearance, that kind of power, that kind of influence. i think this is bubbling into something. we'll have more after this. think again. this is the new new york. we are building new airports all across the state.
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neither will we. optum. how well gets done.
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>> the house bill will not come
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before us. the senate is starting from scratch. we're going to draft our own bill. i'm convinced that we're going to take the time to do it right. neil: all right. by my math, with susan collins, republican of maine, a moderate of maine, rob portman, moderate ohio, republican senator and lindsey graham, republican senator of south carolina, none of whom are huge fans of this house effort, that already places the house effort in some dang in the na whi explains why they're starting from scratch. where this foes anyone's guess. this fellow, democrat from the beautiful state of connecticut, senator chris murphy might have ideas. senator, thank for coming. >> thank you for having me. neil: what is your sense where this is going or what have you heard? is it wise for the senate just to be starting from scratch on this? wouldn't that complicate this whole proper or what? >> depends what your goal is.
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if your goal get health care bill repeal passed no matter substance, just take up the disasterous house effort which ends insurance for 24 million people and take it up. if you want something passed that improves the system then you need to start over. the issue, one way to start over is just have a republican-only process, which mitch mcconnell is doing. another way to reach out to democrats in the senate work together. there are willing to compromise, there are things i want out of next step of health care reform that republicans don't want. there are things that i don't want or they don't want. that is not happening. it is republican-led effort in the senate to keep democrats out. if it was was up me that is not how we would move forward? neil: how does the whole health care thing go, senator? it was democratic-only initiative in 2010. whatever repeal and replace effort, you're quite right to say whether this gains traction. it is republican-only effort
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now, where do the parties agree? apparently on bigger issues like keeping your kid on policy longer or preexisting conditions. there is the state issue i know you're not a big fan of where some states might make that more of ap -- of a hoop to go through. there seems common ground areas before you think, so why can't differences exist be put aside? >> that is fascinating question given the historical context. remember democrats putting forward the plan in 2009, thought we were finding middle ground. we didn't put forward a medicare for all system, a single-payer system. we borrowed the system that republican presidential candidate mitt romney put into place in massachusetts, one that was the republican alternative to the clinton health care plan in 199and '94. so to us it wasn't a real radical plan that we were passing in 2009 and 2010. neil: well apparently the whole idea that limiting lawsuits was a radical idea to some democrats
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to the point where republicans insisting on it, essentially closed themselves out of the negotiation. >> so the question is, what do you do now going forward. i think we should try to find the areas that we agree. we thought we knew them. we thought that republicans had said our baseline is that no one should lose coverage that has it today. that no one should pay more than they are today. and benefits should stay the same. if that is the preconditions for negotiation i betcha we can find common ground. but those preconditionses the president himself set have evaporated. they're gone. whether we take 24 million or 17 million. we're talking about -- neil: talking about the number of people you would expect to sign on in the next decade. it is not as if 24 million right now would be cut oaf? >> you're talking about a massive contraction of the number of people who would be covered under current law who will be covered. but again, i don't think anybody read the mt. to be saying other
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than contraction, coverage is not going to contract. so if we could get the sort of fundamentals down about what we agreed to reach for we could talk about how to get there, senator, you were one of the early ones upon looking at this, i know you're not responsible for the whole obamacare thing, who said it did need some adjustments and they did need to address some of the cost issues that could, i'm not quoting you on this, explode this thing. that is what is happening now. so what adjustments do you think, leaving aside the republicans hope to repeal what you support, what financing vehicle would you recommend to keep it afloat? >> wel don't accept the premise of your question. i don't know how you categorize something 20 million people signing up exploding. neil: the math doesn't support it. i'm doing enurato denominator thing. math doesn't support it.
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>> 80% of the people entering exchanges still have choice. what is happening today, president trump is attempting to pull apart the changes. neil: has nothing to do with choice. it is not sustainable. the math isn't sustainable to keep it financially valid. >> okay, we can argue that as well. the amount spent per medicare beneficiary decreased by $1,000 per person since the affordable care act was passed. so we -- neil: i'm sorry, sir, i'm quoting nancy pelosi, no big fan of any republican effort, she wants republicans help, fixing those areas where it might need more financial propping up. give me one area you think you could use that? >> i think when you look at exchanges, there is a conversation can be had. democrats want to make sure financial support for the exchanges, for high-risk individuals remains and is permanent. republicans say, well we want some more flexible benefit design inside exchanges to give choice. why isn't that a reasonable conversation we could have together? we both want to do something
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about the explosion of drug prices. maybe we have different ideas how to competent there, but that should be a place to work together. i think there are places we could work together if we chose to choose what our end goal is going to be to try to get there together. neil: well-put, reasonably put, senator chris murphy, senator from connecticut. >> thanks a lot. neil: adam shapiro with the latest on the general flynn news. reports president obama himself had warned donald trump that general flynn might be a problem in that post as national security advisor. as it turns out one of the shortest tenures in recent american history for a cabinet position. what are you hearing, adam? what's the latest? reporter: neil, talk about timing, the associated press, they confirmed with three former obama administration officials that president obama warned president-elect trump against hiring michael flynn as national security advisor. now that meeting took place two days after the 2016 presidential election.
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the obama administration renewed flynn's top level security clearance in january of 2016, which was well before the election. e ap reports the oba ministration officials requested anonity in order to confirm the information. now all of this is sure to come up in just a few hours when former acting u.s. attorney general sally yates testifies later today before the subcommittee investigating russian influence on the 2016 presidential election. yates is expected to maintain that she informed the white house's legal counsel that flynn lied to the administration about phone calls an conversations with russian ambassador sergey kislyak. president trump fired flynn for misleading the vice president about those conversations. this morning the president tweeted about the upcoming hearings, saying general flynn was given the highest security clearance by the obama administration, but the fake news seldom likes talking about that.
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the president also tweeted, ask sally yates under oath if she knows how classified information got into the newspapers soon after she explained it to white house counsel? former director of national intelligence james clapper will also testify this afternoon before the subcommittee. senator lindsey graham, the chairman also invited obama administration national security advisor susan rice to testify about her role unmasking private citizens whose names were reported in classified investigations of russian interference in the u.s. presidential election. declined that invitation. stay tuned, neil, it is going to be a hot one this afternoon. neil: adam, the one distinction i can not understand is, if donald trump ultimately fired flynn because he had misrepresented himself, lied to the vice president, then is it such a stretch that flynn himself was lying to other folks and that these allegations so far ignored by the trump folks they got a head's up either from
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yates or barack obama, they might not necessarily be outlandish? reporter: they might not be outoutlandish, might be important to verify what the administration was told about flynn. what sally yates told the chief counsel at white house, what we expect her to testify about, may different than what president oba warned presint-elect trump about mr. flynn. remember thebama administration had issues with mr. flynn long before these allegations of russian connections, and had dismissed him from his position earlier in the obama administration. so we don't know what the actual warning was from president obama to president-elect trump. neil: adam, very good reporting, my friend. thank you. all right we look forward to this every year but this especially so with all the news. warren buffett talking to our liz claman. oh, the news that those guys
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♪ all right. leave it to liz claman in the face of some of the richest people on the planet. i don't believe liz ever interviewed a middle income person ever in her life. the "closing bell" host. likes of warren buffett, bill lakes, charlie monger. you have the news, wind at your back. latest, i guess, liz, buffett might be considering offering a dividend, right? >> which is stunning, neil, it is stunning, because in 55, 57 years, he, 52, you know, ever since he started berkshire he has only put out a dividend once that was 1967. he likes to joke that back then, he was in the bathroom while that decision was being made. he doesn't like to give dividends.
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he feels the money should be better spent buying great companies or great invests, great stocks. so he does not like dividends. that was a real, sort of news breaker during the meeting, fairly soon, possibly soon, you could see berkshire give a dividend. why? >> because they have 9billion dollars in cash waiting to use it, to buy a great big company. he doesn't want to do small deals anymore. he can't find that great big company yet. so he said he mutt be forced to turn to the shareholders and say, you know what, i can't find negative yet. it is not fair to leave the money sitting there parked so i will give it as a dividend. neil: a couple years ago, you can educate me on this, he had bounced the whole dividend thing off his shareholders. nine out of 10 of them, 9.7 of them, said no we're fine, don't do it, right? >> right. they agreed with him at that point.
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agents follow him what he said, they always encourage him, get out there, if you don't like something, put forth a shareholder question. is not a problem, there were three of them. three different shareholder ideas and all three were voted down. in the end warren buffett has these people as shareholders because they understand what he thinks is is right for the company and over time, since berkshire has been in existence, neil, it has returned 21% annualized returns everywhere. that is nearly double the s&p. neil: it is amazing. these people who go to these events, some of them, all you need is a single share. they're pricey shares. it is like a cult event, isn't it? >> that is the way to describe it. you're looking at the doors, when they open. people get in line at 2:30 in the morning from all over the world. neil: really? >> this is unbelievable. it happened to be good weather this time. we have been here when it is freezing 32 degrees. they rush in like it was beatles
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reunion. i lost a couple fingers. shareholders want to get close to him. it is insane. what is beautiful about this, fascinating to all of us, these people are coming to see a 86-year-old and his best friend charlie monger, a 93-year-old, sit on an empty stage and talk about the world of investment how they see it what is better, we have here at 3:00 p.m. we'll not talk about what do you think of this or that stock. we ask them about health care thing. we talk about the health care plan going to the senate. does it have a chance to passing. what do you think about the tax reform plan? what about the french hacking? what about repatriation of offshore profits president trump wants to do? do you know microsoft has second highest cash pile behind apple? i will ask bill gates. you must like that, the tack rate. neil: the political stuff often comes up, and they are always polite dealing with this, very
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clear warren buffett likes hillary clinton. he is not a big fan of this latest health version that republicans are turning out. when you, does he try to avoid these subjects, does he feel, if i see something going on i don't like, i don't like what the republicans are cooking up, i will say it? >> he doesn't do it in that way. i was surprised nobody, you know, questions from shareholders who are standing in the audience. they have analysts who have questions. they have questions come in online. none of them are vetted. only by the people who have been asked to, they haven't seen them -- nobody asks what do you think of the job president trump has been doing, which is interesting. but, what he will do, is say, i don't like this, i think this is a mistake it. wait until you hear what charlie monger, who is a registered republican has to say about health care. he said, neil, i will push him on this, we're giving too many people chemotherapy, these are
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people who are halfway dead. yeah, some jaws dropped on that one. he sat on boards of hospitals. he understands how expenses work. he is very conservative compared to warren buffett. so we'll ask him and we'll ask bill gates who has got the foundation gives so much to medical research. neil: he does a good job. warren buffett and latest hinting he might retire, of course he is kind of held that open as a possibility but just seems more now. what do you make of that? >> i have been doing this for 11 years. 10 for fox business. he ran up and ate an orange creamsicle for breakfast right there. he was eating so fast, he dripped some of it on our fox business microphone. he dries no fewer than four coca-colas, cherry cokes a day. he and charlie sit there eat peanut brittle all morning long. my teeth would corrode if i ate what he ate. he hinted maybe his successor,
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under cloak and dagger, might take over while he is still alive. that is the first time he said that. neil: wow. >> but i asked him, he he is most excited about the fact that berkshire has done really well under president trump. in fact i asked him about that because his own personal wealth has grown under this new president. listen to what he said, neil. let's go on that line, mr. buffett, since president trump was elected your portfolio has swelled quite nicely. >> yep. >> would you say, thank you to him? >> thank you america. >> he would say thank you to america. he is just that kind of person who feels, he said this too, doesn't matter who is president, berkshire will do brilliantly over time. neil: apparently he has. i look forward to it, lizzie. thank you, very, very much. it is coming up, in less than two hours from now, the signature interview with these guys. monger is an interesting guy.
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he reminds you of a guy who is happy to turn you down for a loan. i could just have that problem. liz, thank you very much. "guardians of the galaxy," fox business network, think about that. we're going to connect. i want you to decide. >> just sword for your thing, gun for mine. i guess we're both doing guns now. i didn't know that.
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neil: all right. you can see "guardians of the galaxy volume 2", a boffo performance, dwarfing all other competitors here. when this movie debuted, the first "guardians of the galaxy" in 2014, it was dead of summer. all the big movies came out and people didn't have much hope for it. in fact some early reviews it was stupid. they have a raccoon that talks, a squirrel, whatever. it seemed idiotic. everyone poo-pooed, it took on a life of its own, became a huge success. much like they said of fox business when which started. do you understand where i'm going with this? because i certainly don't. entertainment journalist on critics not always being right. what did they miss in this case. what did they not get? >> i think with "guardians of the galaxy" it was fresh take on superhero movie. this is marvel universe. you can't count out marvel. this is the 15th straight
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number one hit. marvel always does great things. with "guardians of the galaxy," you had a talking raccoon you just mentioned, a movie with a little bit of humor t was a spoof on superhero franchise type of movie. it had a lot of emotion too. it had character development. that is what make this is such a good franchise, "guardians of the galaxy." plus from 2014, it had 54% higher opening this time around. you know, thanks to chris pratt has become a huger star. neil: he is like in every blockbuster now? he is in every blockbuster. when you see previews for coming attractions and movies, a lot of superheroes coming down the pike, are we overdoing it between marvel and d.c. comics, all the superheroes? aqua man is coming. that has something to do with water, right? enough? >> wonder woman, the new big trailer yesterday. that will be a big one. neil: right. >> i think people love superhero movies. but you can't just count on a
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superhero movie to be a huge success. last summer you counted on a lot of franchise, sequels, and reboots. "alice through the looking glass" not doing well, and "independence day," the sequel not doing well. teenage mutant ninja turtles not doing well. good to see a franchise like this, guardians ever the galaxy, next one do well. we'll see what happens. neil: they will follow up on "deadpool." has that a future. >> that was also a fresh take on the superhero movies. i think that was also a big success. a lot of people thought it might get nominated for an oscar. that took a long time to make. you have this fresh take on a superhero movie. i think people want to see that. neil: kim, thank you very much. all right. it is number one hit. boom.
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dream to alright come and earlier than normal white house briefing in a few minutes. what will come up here is the test back-and-forth between the prior president administration not to knew what and when about michael flynn for a brief time the president's national security adviser reports now coming out of the way test of president obama had warned donald trump not a good idea to put this guy in that position. there's a lot of back-and-forth on this. we've heard nothing from the
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white house presently on his latest developments. we will shortly. we've got former house intel committee chair pete huckster with us. what do you think of this latest that ms is sort of like the allegations back and forth that won't die. let's say president obama did the warning to have donald trump in that position. >> number one, you would not be surprised by president obama saying something like that. unless the money fired. someone that was a key adviser to candidate donald trump and was a fierce critic of obama's foreign policy. president obama had clear information. here is why hiring general flynn is too dangerous in the wrong thing to do. he should've waited out very specifically. other reports have characterized
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the conversation as president obama kind of sameness in jest. if president obama was serious about it, you don't talk in code. you type very, very clearly. say here's the problem here is why you don't hire them. i don't think that's what happened in the conversation. >> i don't know. the timing of this is weird. sally yates to testify on capitol hill about morning she gave so i'm sure this timing wasn't accidental. >> it wasn't accidental. can you believe jonathan gruber was on the sunday talk shows yesterday saying the reason obamacare is failing is because of you, president trump. >> is a little rich. it is a very race weekend. it appears that this is their new strategy. we are now 100 plus days into the administration.
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we can now start blaming them for everything. to what is protocol for this stuff? for example, separate report essay flame is getting good at the russians for beaches i never let the white house know. i would be kind of a hard thing to hide anyway. but what do you make of that? >> well, if you go through this process, you expose everything. payments for organizations that you have received. >> you can't hide that with high security officials. >> absolutely come to light. he signed a form that gives you access to high capital returns.
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you can't hide this stuff for a few for a few hide, you have to hide it intentionally and recognize that by hiding in, there is a good chance he will be discovered at which point in time you're in a very uncomfortable position. neil: congressmen, thank you very much. >> thank you. train to president upon the same be brave about health care in a speech accepting the john f. kennedy library in boston. it's easy to tear something about a bits or if to look up for the interest of those very poor. but then i started taking to myself, is it really that brave to recommend virtually coverage for anything and everything and everyone you want and half the cost of that by fear. is it risky for those now in the face that the media avalanche to risk tearing the whole thing art? for a democratic ohio state senator, chief of staff david
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haughey. my view is brave as the definition but that's a different interpretation the versus president obama obviously doesn't take much bravery to look at coverage for everyone cover preexisting conditions. we are all in favor of that. maybe what isn't so great is that the costs are borne by relatively few in the irony being the higher premiums and higher health care costs borne by everybody. that's all i'm saying. very different definition of bravery. >> outstrip it if you look at president obama so definition of hardly anything more unpopular right now that the republican house last week it having said that, what they are trying to do is change directions here. the aca to government control to government controlled health care and put it on steroids. the first thing he lost with your doctor. the second thing is honesty that skyrocketing premiums.
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he got deductible as he deductible as he couldn't afford it now you can't get insurance anyway because everybody is fully now. what's happening is the aca is in its death throes and something has to replace it. but republicans are looking to try to do in the house and senate is change the doctor patient relationship. one focus i'm not the people of access their families need, have choices. they have health savings accounts to figure out what works best for them. that's what they're trying to replace the aca with. acs government health care. this is going towards the doctor patient relationship at the center of health care. that's a tough thing to do. neil: very unpopular. when i look at the way the media is treating these guys with afghanistan and trained to kill people and people are going to die as a result of that. i remember any of that make up that the affordable care act. >> there were a lot of people characterizing aspects of the affordable care act particularly
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as they pertain to the medicare portion of the aca, death panels. when we talk about courage, the real courage here we need is democrats and republicans. the affordable care act is fought in, particularly the context of premiumincreasing on the individual market and a lack of competition because plants are pulling out. people do want coverage for preexisting conditions. the ahca that passed the house is not necessarily perfect and i can go on and on. what we do need and i hope the numbers that the united states senate and they seem to be the adult in the room. what is courage right now is having a frankly partisan discussion, not going back and forth about how many white guys are in the room or who's doing what in 2018. that's had the courage to sit down and say what good ideas do we have? how do we make aspects and a
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patient centered -- neil: no one admits fault of their own plan. he mentions the senators who are taking a closer look at susan collins, rob portman, lindsey graham, moderate centers have a different view than the house and you're quite right. for example, in no one has the truth cornered here. there's a lot to like about the republican plans but they are still protecting what would be a big government health care program. i'm looking at all of that and thinking why republicans on defense when they are still offering health care through the government. >> partly they are in defense because they talk about what they want to get rid of the dead have had a vision on what they want to give the american people. that's where we need to go. it will help the people -- they have a situation in which they and the doctor looked for the best opportunities.
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there's an opening for democrats to work with republicans and they have to agree you will change this from a government centered system to a doctor patient relationship system. there's a lot of room to work together. senator mentions that he would play together. senator tester said he would talk about repeal. are you ing to change this from further government control to doctor patient relaship control. i think they can go forward together. >> i don't think focus is enough on the doctor patient relationship or patience and not yours work together. i remember the united states senate i would suggest pay-for-performance, value-based. >> i've been courage to admit that, state that on the right and left. so where is the courage and blaming your opponents?
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>> where the courage life here and i think maybe and i did not hear the direct word that a president obama's mouth. the courage here come i courage that is needed when it comes to health care, if you really do want to help people and this isn't about statistics losing health care in the individual market. these are human beings and these are lies that it takes courage for republicans to sit back and say do it to fully repeal order to fix in the not politically great for them. for democrats to come to the table and say okay, the eighth he is imperfect. made to work with republicans to fix this for constituents. they'll take courage and conviction on both sides to do what's right for the american people. i employ the members of the united states senate to get engaged in real conversation because there are solutions out there both sides come to the table. neil: what i keep coming back to again and again, david, i don't think it takes much courage to
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say we are going to give you more of something and have little risk of having to pay for it yourself. where it takes a great deal of courage is to know what you're offering is borne by everybody. higher premiums whether you have the coverage or not. if he said that early on, he'd have every right to be talking about courage. but again, since this was a jfk profile courage award, success with a thousand offers, the defeat was the failure of this financially and that would've made them strong. that would've shown courage had he admitted failures and appreciated the magnitude. >> if i may just jump in here, if republican vernors would've actually establish state exchanges in 2011, 2012 for the aca. have republican governors step up and utilize the power to set up state exchanges individually rather than default theme to a
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federal exchange because it was politically expedient. >> that's where we differ. is there a fundamental flaw in the aca? it depends upon the government to never increasing government control. in fact, that's not the best way for people to get health care. that's the question we have to ask year. president obama obviously wanted to make a point that what he did was very courageous. frankly he had a very strong senate. 60 votes and they did most of it. when they did the final bill was overwhelmingly in his favor. didn't take a lot of courage to do that. but it will take courage to do is look here, make the changes that must be necessary to change this to a doctor patient relationship. that does take courage in the senate on a hostile work together. neil: we shall see. sean spicer right now. >> on friday the did a great job. i miss you all tremendously.
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now i will spend a little more time at the pentagon. he moved us up a little bit. i appreciate your flexibility today said there is enough time to cover the vice president and secretary shall can't as they welcome on her flight veterans to washington on the anniversary of d-day. the vice president hosted within 120 veterans of world war ii, korean war and vietnam war as part of national military appreciation and public service recognition week highlighted the trump administration's commitment to a military public service. today the vice president, secretary price, secretary shall gain attended an event on the scientific opportunities. key leaders from government, and academia discussed the biomedical landscape in the educated white house staff including ivanka trump.
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it is organized by the national institute of health and francis collins. leaders in the medical education and research joined executives from companies who invest in biotech to provide analysis and real-life examples of how america's sustained leadership in the biomedical industry has resulted in a measurable benefit to both their country's economic and physical well-being. among participants were bill ford, ceo of general antic. dr. craig thompson, president of memorial sloan cancer center. dr. cornelia barton, scientific chance a covert initiative. dr. mark teske, president of stanford university and dr. rick clifton, president of rockefeller university. the united states currently sits atop a investors and life sciences responsible for 44% of global research and development. the investment has depended on the nih and the funds in order
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to maintain international leadership in biomedicine, we must strengthen partnerships between government agencies, investors, academics, either from industry research from industry research foundation's patent meaningless and important step in reinforcing essential cooperation. the non, pleased to announce today shortly after this briefing we release a list of the president paired with a federal court nominees. the 10 individuals chosen for their deep knowledge of the law and commitment to upholding constitutional principles. two of the nominees today came from supreme court nominees released during the campaign. if confirmed, joan larsen of the circuit court judge in the u.s. court of appeals for the sixth circuit. justice larsen is currently serving on the michigan supreme court in david strauss will be a circuit court judge on the u.s. court of appeals for the eighth circuit. he currently serves as the
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minnesota supreme court. the campaign list was put together in the heritage foundation as well as the federalist society and the president sent by september is highly respected people are the scholars who need to preserve the core of our country and make it greater than ever before. the president followed the principles used to guide the list to select the additional eight indivuals and as mentioned the fuller should be up shortly. in terms of the president scheduled for today, he met with his national security adviser general mcmaster spoke with the french president like to congratulate them on a stick very well be a shortly. at the white house meeting with the vice president. they job i was the vice president into the oval office to greet the president and have lunch with the vice president. and our secretary of state tillerson. secretary tillerson has been in with montenegro, czechoslovakia
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and qatar. also meeting during his foreign trip this week to reaffirm military appliances to the secretaries in denmark took almost a minute with the danish minister of defense for senior leaders from 15 countries that are key contributors to the da says military campaign. on copenhagen from the secretary mattis will also meet separately the minister of defense to discuss european security and the importance of the nato alliance and with the danish prime minister to reaffirm between denmark and the united states. other candidates, secretaries think he is in utah continuing his four day listening to her on the national monument in grand staircase national monument putting into action president trumps april 27th executive order to review these monuments. the secretary of will be -- the
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million plus acre monument in an afternoon hiking tour and a roundtable meeting this evening with friends in the museum. while in utah the secretary and other officials are holding daily press briefings on the ground. reach out to the interior department for me details. with that, i'll take your qutions. >> thank you. president-elect trump with mike flynn as his national security adviser. why did he ignore that? >> the president doesn't disclose details of meetings he had which in this case is an hour-long meeting but it's true president obama made it known he wasn't exactly a fan of general fund, which frankly shouldn't come as a surprise to anyone given a general flynn had worked for president obama was an outspoken critic of president obama shortcomings specifically as it related to his lack of strategy confronting isis another threat they were facing america.
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the question you have to ask yourself is if president obama was concerned about general fund, went in a suspended security clearance they had just reapproved a month earlier. additionally, why did the about administration go to russia for a speaking engagement? there were steps that could have taken it was truly a concern more than a person that had that blood. >> i want to confirm -- [inaudible] why wouldn't that give the president-elect caused? [inaudible] >> i don't know if i agreed your characterization. i don't think i will come as a surprise considering the role of general flynn played in the campaign criticizing. [inaudible] >> no again, if you know what we know at the time come as security clearance we had have been reapproved in april of that
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year and not only did they reapproved the, but they take no steps to suspend it. what did they do if they had real concerns beyond not liking him for some of the comments made. >> are understanding and if you could clarify this, did mike flynn ninth-grade security clearance to serve as national security advisor? >> had been head of the defense intelligence agency. that is the same clearance -- we went over this a while ago. once you get it, you get it. he had reinvestigation in the obama administration took no steps to not only did they reaffirm, they took no steps to suspend or take any other action. >> on a security clearance, that is why you get a security clearance. everyone in the government goes through the same process. the answer is that same process works for general flynn method did for me or anyone else who
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works here. there's no difference of a security clearance once it's issued. >> knowing what the white house knows now, does the white house believe general flynn has had the occurrence reissued last year? number two, does the white house believe general and most truthful in that reinvestigation last year? and i cannot wait to get into the details. i was adjudicated by the obama administration. they take no steps to suspend that. it's a question them at that time. the president took appropriate action with the felt general flynn had misled the vice president and took appropriate decisive action at the time. >> his ties to russia as a registered party now to his
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hiring. >> i don't think we will agree that he did this through the president stands by that. hunter. >> thank you. last week officials noted the pentagon sent a proposal to several thousand additional troops rescued them. can you confirm whether or not the president has made a decision on sending additional troops to afghanistan and if so, where are they going? how many are going of what is their mission? >> abu free to department of defense. we have nothing to share. >> the department treated this morning they should ask sally gave about her role in classified leaks aut general flynn. the president has evidence that ties sally yates. >> you are well aware that can earn about spills of classified and other sensitive information. it's something that should concern every american and the president has made it clear
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since he took off base that is big concern of his. so the idea that classified information made its way into the prices in thing to think while we ask all of these questions is one the senator should ask. how did the information get out into the open like that? this is something not getting mass. >> the president believes sally yates was the weaker. >> eisai and the senate should assess questions. >> sean, said from the announcement that the presidential nominee judges sees many conservatives remain to learn. the white house is woefully behind on apartments. he told the examiner that he doesn't need the administration and after these 10 there will still be 110 judicial. does the president believe the administrative jobs do not need to be filled in are there plans
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to increase the pace of political appointments? >> bursary questions in there. i'll try to break them down. number one, we have robust schedule of releasing games. as a method to this in terms of the nominees i think you should expect to see more and more go through. the process this time around is different. we are going through the office of government ethics in fbi clearances before announcing individuals. there's little difference in how we are doing this. we're well on pace with respect to many of these to get the government up and running. the point of the interview was part of the review of government was to make sure we look at these positions and figure out whether or not the taxpayers get the best bang for the buck in terms of product dignity and costs. we are looking for the entire gornment. director mulvaney to look at how limited government, whether or not we can do better job of filling positions, staff and the
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government. we will continue to have announcements in key positions. >> if you control the preop or c. -- >> we are. you'll continue to see whether this judicial nominations, other key positions. we have a healthy clip of announcements. >> ranks, sean. i had of her testimony stay, does the president believe sally yates is a trustworthy source of information? that is not up for us to decide. that is for the senate to decide. we will have to wait and see with that. >> following up on sarah's question, it seems the president was implying sally yates may have had something to do with the information to the newspapers you >> it speaks for itself. sometimes you don't have to read too much into it. >> two questions on that. first, the prime minister on friday said their cuts are a reaction to what the prime minister called an opportunity
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duty considering banning calling for the u.s. is this the beginning of a trade war in the u.s.? no. that's why we have dispute mechanisms to do this in a responsible way. wilbur ross, the commerce secretary has been in touch with counterparts. there's a reason the mechanism is that the way it is in this particular trade agreement so the two parties can resolve them in a way that allows for both sides to air their concerns. that's why you have an agreement in a mechanism set up to do that. >> is play out. secretary rice took appropriate action to protect the industry. >> 10 days ago mexico and canada to renegotiate nafta. >> or officials will have further updates for you i'm not.
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right now there's nothing to share. >> is sally yates have to run any of by the office later this afternoon? >> i'm not aware of it, no. >> do you have any reason to doubt her testimony under oath will be truthful before the senate? >> no, i would assume that when you raise your right hand and ready to tell the truth and nothing but the truth that you will do that. that's the whole reason you pledge. jessica. >> for weeks during the transition, president trump is not receiving a daily intelligence briefing. he was receiving information from general flynn. do you think the lack of direct information from the intelligence community contributed to general flynn? >> so first, we extensively went over the pbd briefing throughout the campaign. it was supplanted by his
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national security team. the premise is not fair. secondly as i mentioned, the processes followed by general flynn are followed by every government employee received the clearance at that particular latvala. >> talking about this statement that came out on friday with the spending bill. administration officials including betsy devos didn't seem to know about that. why didn't people know what was coming? whose idea was that and what happened on friday saying she didn't seem -- and there was a signed statement. >> signing dignitary pro forma activity that occurs during the bill signed by the department of justice on the legislative used by every president. i'm not sure, but that is
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something that goes along going back multiple administrations. [inaudible] >> cecilia. >> back in february the president said lifting the travel ban would mean that endangers people. ve you seen since the ban was lifted? >> that's a question for the department of homeland security. i'd be glad to follow up with the department of homeland security. i don't have anything at this time. >> in the same vein, if the white house is no longer calling this a muslim man, why does the president's website explicitly call for preventing muslim immigration and this is donald jay trump with a total and complete shutdown in the united states. >> i'm not aware of what's on the campaign website. i know we talked about this as they travel ban in the country's
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national security to make people are coming here with the right motives and reasons we are having a public safety. we've been very consistent since the first day of this administration. >> they are completely disavowing the use of the phrase must then. still on the website of the parents words were being used in court today, would you clarify that? >> yeah, i'm trying to figure out why. i've been very clear. i don't think i need to clarify what we have said, what the president said. it's frankly one of the reasons we have concerns about how that's interpreted because the intent of the travel ban was very clear. i think it was something the president made clear in the filing that we filed why he did it, the motives for doing it and he was clear when we spoke about
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it from the beginning. they should be in a question to buy the president is doing this in the idea of making sure we put the safety of our country and people first and foremost. >> two topics really fast. the christner family was in china making a pitch for the visa program that came a day after the amadeus, which of course extended the program. is it a violation of the conflict of interest agreement that jared kushner came to and also, does the president believe the investor visa program needs to be modified anyway? >> i would agree to the company on that. jarrett has done everything to comply with the ethics rules and that had nothing to do with him per se. he wasn't involved. we've talked before the president and congress are looking entirely at the entire visa program. on the various visa programs and whether they serve the purpose they were intended to, and whether we make sure we do with
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them the best interest of the american worker. we will continue with congress on that. >> regarding the opioid commission, members of the commission have been named yet for more than 30 days into it was supposed to be a 90 day. to come back with a report to the president. what is up with data does that send the wrong signal to people who believe this is a very urgent crisis that when hundred people are dying every day. >> that make it back to you on the exact names and announced that on that. when it comes to be up your crisis, the president during the campaign, the transition has made it clear that his commitment to figuring out how we can address the crisis that plagued so many neighborhoods and communities and he will continue to work with governor christine a bipartisan commission. as soon as we have additional information on that so we will do that.
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>> why is it important for the president to get these individuals out there to serve the country and the more harder perspective of this, and other vacancies, 129 going into the dead to the opening but i'm sure can still be filled. the pace seems slow. is the president aware of that case? is he comfortable in what is the white house doing not just to fill important judicial jobs, but others at the administration. >> the jobs are going through it in a very methodical way. as i mentioned earlier, there is a lot of background goes on in the fbi background check that goes on. they are all in the pipeline. you'll continue to see very robust amount and some not just judicial front for several different and we have been tracking where we are. we are well on pace for the previous ministrations have been.
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we are doing a great job of filling key positions and get the right person for the right job. >> i want to ask you a big picture question about afghanistan. last week the special inspector general for afghanistan -- security incidents reached civilian casualties are the highest on record in afghanistan. as the president waives this request for more troops, what is going to be his ultimate goal? stability or outright victory? >> number one, he wants to make sure we defeat isis. that is something in our national security interests to make sure we protect our people, the desolate affair responsible smart way. he sat about not project in where he's going in what is going to do to let the enemy know ahead of time. part of that guidance is national security team is giving
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him the different pieces. how do we achieve key outcomes? how do we do this in the countries best interest and utilize our military and treasury to the best of our ability. that is something we continue to work on and do them part of buddies getting briefed on in implementing. i'm not entirely sure if that answers where you're going, that the saudis getting briefed on in the decision-making process currently underway. >> are they pleased with the affairs? >> he wants to make sure we do what he can to win. he charged the generals and other military if there's a national security team to come up with a plan that can get us there. veronica. >> does the president believe health care is a right or product? >> i think the president has been very clear in his statement whether you call it a writer not it a right or not, he wants every person to have access to health care that covers preexisting conditions, that is affordable and the steps he's
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taken the last week in t bill is implemented and were to ps to the house clearly highlight those priorities. you make sure people have access to care. he is concerned when hears about companies in the marketplace and not giving consumers a choice. he's concerned when he hears about to get those going through the roof, costs going through the roof and people not having access to health care. he's concerned we are facing a choice right now where obama carries failing and dying if we don't act people won't have access to health care and they won't be able to afford it. the steps he's taking her to achieve those principles he's laid out. >> president john, former president obama, were very specific reasons given and if so, was that based on information? >> i don't know the answer to that. like i said, i'll pass along what i mentioned to christian at
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the out. already i'm not >> the statements broadly, are you saying the president was not aware of the details of just something done? >> know, the president is obviously aware of what happened. it is a process in this happen for administrations going back generations and sure i don't have the precise nature when they came into being. this is a normal pro forma piece that goes along with a bill signing to make sure the executive branch's intent is that understood. >> they were essentially carryovers from things obama objected to. but the president and his senior staff was aware ofhe those things were. >> of course. >> second question, you guys
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have made on the podium here and also the president made a big deal at the question that the obama people give him a clear debris up earlier. are you suggesting now knowing what you guys know in hindsight or whatever, are you saying they should have, the obama administration should have denied him his clearance in april based on the investigation you are now aware of the connections with russia, et cetera, they should have denied it? what i'm suggesting is you can't have it both ways. the folks coming out saying obama expressed some concern about flynn. number one, it was pretty expect it. this is a guy very outspoken in his criticism of obama's policies. the idea president obama didn't like the guy doesn't seem shocked in. the point you have to ask yourself is if the obama administration, if they've reissued one of the highest
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security clearances you can get, knowing that the new ban and take proactive steps to extend it, if they were concerned, why did they take any steps? they were the ones who had at that point all the access and knowledge to everything in the security clearance. not us. if president obama or anyone else was can turn, the question should be asked, what did they do and if nothing, why not if they really true were concerned. that is a fair question. dave, dave, dave. dave. >> over the weekend, north korea detained the fourth u.s. citizen. are you concerned they are trying to escalate tensions even further? do you consider these americans hostages and what are you doing diplomatically to get them released?
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>> obviously this is concerning. we're well aware of it and we will work through the embassy of sweden and has a facility or in embassy in north korea during state department to see the individuals they are. i would refer you to the state department on that. >> just following up, you mentioned the talent and pay we read that to mean -- >> it is to defeat isis and taliban. as to make sure we put our national security interests first and defeat all of those folks that seek to do us harm. >> right now the whole point is the president is receiving a planning guide in from his national security team has yet asked for. the guidance is coming over as we speak. he's continuing to meet with them and there will be further updates in the department of defense as we go forward. i mentioned at the outset the vice president to software. we are around all afternoon.
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thank you. neil: that was a fascinating give-and-take on who knew what about general flynn. more to the point was the obama administration should have been more vigilant in tracking down and questioning his security credentials, with the trump white house seems to be saying is this guy with such a risk in not properly fit to hold intelligence position for which i was considering. you should stop that and in the position of the incumbent administration at the time should've made it very clear he couldn't pass that test. i'm paraphrasing to get to the point that trump folks say all of this at a time when sally yates worked at the justice department was acting attorney general were waiting for the new one to come in. she had expressed a great deal of doubt about general flynn and
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more to the point warning that it would be a gooddea to get any security clearance and warning as well he had not been very truthful about his financial business dealings with russia. there's a lot of back and are he said, she said. he is going to be testifying in 45 minutes on capitol hill. we are also likely to hear from the former national intelligence director with his view on all this. he has a slightly different view that there was nothing that could have telegraphed a lot of this. we've got connell mcshane, gerri willis with us. the upshot is this guy is still a hot potato. data mining is still hot potato. >> yes, i don't think anything done by sean spicer will make it go away. we'll continue as sally yates testimony comes out this afternoon to keep the story going for longer. the fact of the matter is general flynn was fired in 2014
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select his security clearance reaffirmed in april 2016 no-space or sad? yes, apparently it was. it was reaffirmed as he had applied for it and the job he was going or was the trump administration. to somehow argue that the previous administration's fault for not getting a candidate for such an important position in your administration time is hard to believe and that's why there's so many questions being raised and then we'll continue go well. this isn't going away anytime soon. train to what is interesting about the former act in attorney general, sally yates testifying, she was in the role of acting attorney general still waiting for jeff sessions approval. we are more for something on the president's first direct it to ban muslim century in this country, at least those from six primarily muslim nations. more to the point, she is going to be known in this exchange on capitol hill with rewarding than
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what she had told the trump people about general flynn. what i don't understand is the art he had clearance. he served as an intelligence capacity and was later dumped by the obama white house. obviously they had some control over passing security clearances in this new capacity. the incoming at the station's national security adviser. what new could come out of these hearings? >> apparently a lot. meaning no disrespect to you for connell here, i was waiting, waiting here for a real conversation about tax reform, about health care. we were 35 minutes into this press conference before someone as the first health care question and there is only one. keep in mind we got a report on gdp to fall growth coming at your .7% under 1%.
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this economy could be in trouble. one thing that could boost it is tax reform. meanwhile, health care is flailing. obama cared his chest in disarray as a nice way to say it. neil: are you worried this preoccupation that the more it boils over, the last these issues that are very important, you're quite right, get pushed to the back earner. >> absolutely right. i think this obsession with the minutia of governing when we really need to be getting the big jobs done. do the hard things. sometimes it's a way for politicians to talk about smaller things that really at the end of today don't affect affect america's pocketbooks as much. drink you always wonder about a black swan event or something we didn't becoming or a wider case of russian involvement in the industry should. none of that test and proven yet. but it gets in the way for some of these other issues that are
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near and dear. >> units out that, the timetable doesn't look very promising. for either one of those issues. updated, until the end of the news conference because it's getting pushed off. even in the best case scenario, people talk about baby sometime this summer, maybe it tracks are at the entire summer before it's taken up and that takes tax reform and pushes it out. it almost seemed to be a consensus view until a best early next year, 2018, which is a midterm election term. the abacus and very promising timetable wise. >> absolutely right. transient attacks get in at the rate it's going. i could be wrong. thank you very much. we were talking earlier today about how all of this is sorting out the marketeer. the markets are flummoxed by this but the scandal or another watergate tape crisis. the dow back over 21,000.
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a great day for technology stocks. they are not, not denied. you are watching fox business.
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tree until i read come i want to let you know that apple shares
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just cost 800 in market value. about 20% away from a trillion dollars market cap, something that was seen so that we take this docs around 180. that is what it would have to do. 180 bucks a share. at the pace it's going, that may just be a matter of days it hard to say. 800 billion cost of not cap if you loop the 200 -- almost 260 billion cash on hand, you're talking about a trillion dollars to play with right there. talking just market cap. facebook is planning to launch an old online tv service. it might be at your service or you pay a point for a basic skill to service the way up to all tv overtime, unlimited messages within the system. you name it, they spoke in and out of all-time highs itself of a third of a percent right now. an aggressive run up.
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lynn feeling, also market watcher gary called him. lance first i'm what it's taken together, two sides of disarray and technology coin. is this getting a little too aggressive to you? >> now, it's interesting you talk about the opportunities. both of them looking hard at streaming video content. apple is looking at something like apple studios and facebook, these two companies happen to be in leadership positions. people love the iphone and people love the service now it 2 billion active users. that is a huge market opportunity when it comes to streaming video to be a $70 billion market. they want to be in there. neil: kerry, would you buy either of these stocks now at these levels?
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>> first off, my biggest position as apple. i've had it for a while. i don't own any face the period neil: was a getting to nose bleed for you? >> it is. i'm a big believer in the market itself. they are both acting great. for me i need callbacks right now because the market is getting narrower and the money not working is piling to a few areas right now. train to looking at this dominated by big names can we talk about a-alpha talk about alphabetic, amazon. take those names out of the equation. that is 60% of your run-up in just the cap portion of the s&p itself in the s&p type algae and ask. is that a little too tilted for you? >> you've got a leadership position like amazon, facebook that are going to go faster. now is the time for them to strike because they have the
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momentum in the technology. companies like microsoft making a lot of noise to make getting a lot of attention for the surface laptop heading out to seattle this week to hear what microsoft has up its sleeves. there's actually a lot to go around here and i think we have the leaders who are going faster, but oftentimes that create room for new companies at the bottom. neil: kerry, this market has run fast and furious, never so much of a connection. i am wondering what would trigger them. i know simplistic, but it could read something we are just getting word that iran has fired a torpedo in the street of harmless. something outside of the station. >> most definitely something like that. for me we had the easiest monetary policy in the history of time. in europe there and make it half% interest rates as those printing a trillion dollars.
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that is what is doing the trick criteria. that is the valuations are higher. if any of that gets rolled back, i start to worry because we are raising rates are for me doesn't mean too much. by the way, as far as facebook, they are dominant force is. 2 billion people looking at you, mark zuckerberg used to the term anchor content. i call them goliath of technology when they keep getting bigger and bigger. neil: many talk about anchor content coming are talking about tv anchor types. >> tv show, too. neil: much more after this. stick around. you are watching fox.
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neil: i want, to pass a development that right now has dramically affected oil prices which are in six-month lows but we have word that iran tested torpedo. this happened yesterday at the straight of harmus, a busy but not as busy, a lot of oil tankers have gone outside the region and don't traverse there. right now it's not clam --
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dramatically affected the price of oil. sally yates, no friend of this administration, she's going to outline why and how she warned them about michael flynn. that he would not be a good guy to put in that position, now to trish regan. trish: all right, we are on it. breaking right now the woman who was fired for refusing to uphold the president's temporary ban on immigration is getting ready to testify about what she believes is russian interference in our election. by the way, if the obama white house was that concerned about general flynn, then what the heck were they doing giving him clearance to begin with? sally yates, the personal responsible for classified information as donald trump is suggesting today? we have lots of questions and we


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