tv Cavuto Coast to Coast FOX Business May 15, 2017 12:00pm-2:01pm EDT
dow is gaining momentum. what is compelling the leader here, cisco reports later this week. wall street bidding up cisco and applied materials on week that they report. shows extreme amount of confidence. neil cavuto. it is all yours. neil: thank you, my friend. we're following developments in washington, d.c., where the president is about to address the national peace officer's memorial service. that honors police officers killed on duty. vice president pence made remarks. all of this made on a day we see stocks advancing. a lot has to do with rumors we might have an fbi replacement candidate sooner rather than later, maybe as soon as tomorrow. hard to quantify that but we're also getting word that the president wants a sort of a top to bottom wholesale change in senior staff, maybe jettisoning his entire senior staff likely include steve bannon, sean spicer, reince priebus. again you heard these rumors in the past but they're taking on added momentum after interview
the president had with our own jeanine pirro, maybe wholesale changes are in order. we'll looking at that, what that could mean. whether a change in staff is something that would be constructive or something that the president's critics have likened to rearranging the deck chairs on the titanic. there is no middle ground here. to the federalist, bree peyton, gop fund-raiser, noelle nikpour, and former trump michigan co-chair. how real are the rumors are? we hear them percolating after a white house crisis, however real you call this, how do you take this? >> will happen and question when and what magnitude. the president has been forced into this situation. it is important for him to act, to send a clear message that everybody that works for the administration it is important to protect confidentiality, protect the administration as goals. neil: all right. noelle, you could go back and say much of this is of the
president's own doing. he kind of keeps aides in the dark. they have to come back afterwards and explain what he said, not entirely, but this is always the rap, you know, you see in administrations when they try to deal with this sort of thing. where is this going? >> oh, my gosh -- neil: noelle, first i'm sorry. >> when lena says this, is going to happen, my response to this is, are you kidding me? i mean just as they have got a rhythm going. look at everything trump has said, and turned around and contradicted himself. i like trump, don't get me wrong, but my god the people that work for him have got to defend such strange and bizarre things. i think they're doing great. i think a shake-up would be absolutely the worst thing to do right when all these people have their stride. i'm sorry, i'm taking a position where i think they need to leave it status quo, my god! neil: you could argue if you're
going to do something like this, bree, now is the time to do it. it is taking away from all the other things president wants toç do. speaking on capitol hill, even the serious incidents are always wrapped in this political intrigue. what do you think? >> i think it is absolutely clear the president doesn't trust his staff. the fact he briefed his own staff about comey's additional nearly an hour before he broke the news himself, indicates that there are trust issues. to suggest they have a rythym going the white house is running smoothly flies in the face of everything we know about the administration. i think it is very clear there are a number of moles and leakers within the white house. why president trump is shifting gears and changes the story and feels like he needs to be so is reactive and get on top of this story and dot interviews when really he doesn't. i think honestly staff shake-up is smartest thing to do. he needs to dismiss and get rid of all the leaksers. bring in people he actually trusts. he needs to get better
surrogates. neil: take it at face value he will do something like this, whether gets all top senior staff is debatable, but wouldn't that mean, lena, they come back to haunt him? if you're jettisoned out there and fingered for the blame you will be a thorn in the administration's side down the road, aren't you? >> that is always a risk that the administration will run when replacing senior staff. neil: right. >> the end the president will need to make those decisions to restore confidence in his and the, the team's ability to lead. i think that the lack of trust, i think the disorganization, the lessons learned will be very profound. there are so many lessons learned in these first few months. i think folks that replace the senior staff that are currently in place will be able to draw upon the lessons learned and be able to better serve both the administration and the american people. neil: do you think, it is just a mater getting the right person to do the job. for ronald reagan, it was later howard baker, tennessee senator, who brought some order and
sensibility to a white house that was kind of veering not out of control but, it was kind of wandering there? so that you need, as one of my guests put it, a coo type to sort of put discipline back it in the white house? contingent on that, noelle, the president listening to that coo, right? >> yes, you're right about that but i mean, you've got to look at bumpy road that president trump has had since he has taken office and you've got so also look at the fact that spicer, reince priebus, these people have taken political bullets for him while he was running for president. i mean, they have got his back. they are proven. look at all these people, you know, even, i'm wondering now if the reason why he is thinking about even getting rid of them because maybe he is feeling like their ratings are down, because if you look at "snl," steve bannon is portrayed as the grim reaper and sean spicer as angry irish guy. maybe he is fearing that maybe
the ratings aren't great. on the -- neil: bloom is little bit off that rose. or responding to poll numbers. they're always fleeting. we always get into that when we chat. >> true. neil: let me get your take, bree, on the fact that these rumors are out there. markets are advancing just the same. there are variety of reasons for that obviously. oil is a big contributor. but the other part of this might be the markets would welcome a shake-up. what do you think? >> well, i think honestly most of americans outside of the about the way really don't care about the comey story. -- had a great piece last week, according to facebook interactions of normal every day americans this is one of the least interesting moments of the president's history of the so i think the markets are responding how they're responding regardless of what's going on with this comey investigation. i think the media will do what they do, throw temper tantrums. honestly donald trump needs to learn and administration needs to learn not to respond to them.
anytime you give a child throwing a screaming child attention they keep screaming. he needs to learn to ignore that and push forward with the administration's goals and not be so reactive and more proact sieve. neil: sometimes you can't let them see you sweat. i always love those stories of ronald reagan, even john kennedy, ladies, fair and balanced, they didn't like the way the media zinged them, there was on record, john kennedy shook his head, sounded more like ted kennedy than me. ronald reagan with the constant impressions of him, that he kind of said personally to people he didn't like it but would never let on. george bush, senior entiring dana carvey's impressions, ultimately inviting him to a white house event. publicly you never let them see you sweat. is the problem with this president as you see it, lena, he does let folks see him sweat when he should let it glide?
>> this is a very different administration than anything we've seen before. this is a president that has offered candor and offered immediate message to the american people. neil: i know that but he also proven very thin-skinned in that trap where people know how they can go ahead him and he goaded. >> he is arguably someone speaks with wand door and honesty. that is what american people want to hear. he is not a career politician. he is not a seasoned politician shun with -- neil: i'm not asking him to be a seasoned politician, and hold back not to give his enemies a chance to pounce when he pounces on something they say or comics be a joke, be above it, you're president, keep guessing when you are bothering him at all. >> neil, he will not do it at all. twitter is a alive and well. this is how this guy rolls. we'll have to get used to it. they will not see him sweat but
sweat profusely. neil: bre, do you buy that? >> i think as an american we like to look to the office of the presidency and behold the empty as someone not just a mere mortal. the institution that is the presidency isn't just about the person. i think the office is much larger than that. i think that individual should be able to learn to grow into that role. i think that donald trump is very capable of growing into that role. it would behoove himself0to try a little bit harder. neil: it is still early as you all indicated. thank you very, very much. >> thanks. neil: one thing i have discovered looking back in history on this very subject, folks, no president, none in recent memory, post-world war ii felt he was treated fairly by the press. john kennedy, loved by the press, so even when a president can be criticized put aside how the press treats him. you know it comes there but you don't want to show it.
busy week for this one coming up ahead and foreign trip as well. blake burman with the latest from the white house. hey there, blake. reporter: hi, neil, busy day for president trump here at the white house. he is on capitol hill speaking at the national peace officers misdemeanor moral service. he is back to the white house where he has a first of a slew of foreign meetings this week. first one taking place this afternoon with the crown prince of abu dhabi. this was described to me as a fairly straightforward meeting to start off the week by a white house official today. i was told they will talk about regional issues like isis, combating terrorism, trade and the like. where things start to get more complicated, neil, when turkish president erdogan will come to the white house to speak with president trump. last week administration announced a plan to arm kurdish fighters on the ground. turkey is against that plan. one of those things as white house official described
meeting as complicated between those two tomorrow. further on down the week the president makes first overseas trip as he heads to the middle east. going to saudi arabia, israel and other events in italy as well. here at the white house, neil, before that trip, one thing remains to be seen whether or not the president will name an fbi director at least a nominee before he heads overseas. what we can tell you, there were eight different interviews over the weekend conducted at the department of justice by the attorney general sessions and number two over there, rod rosenstein. among them acting attorney general andrew mccabe, mike rogers, former house intelligence committee, a couple names you recognize. but also two other names getting attention as well. that being fran townsend end alice fisher. both had profile roles in the george w. bush administration. if townsend or fisher were selected that would be first time a woman would lead the federal bureau of investigation.
neil: blake, how soon do they want to decide this, do you know? >> i asked white house press secretary sean spicer talking about the timeline. you would think they want this out before the foreign trip before the president leaves on friday. spicer would not commit to anytime line. things sped up over the weekend. eight interviews, three/four days until the president leaves. possible something could happen before he heads out. neil: blake, thank you very much. draw your attention halfway around the globe where emanuel macron the new french president is formally meeting with his counterpart america -- angela merkel. remember it was merkel who she preferredded and macron thinks he will be instrumental in keeping the european union together. the two have hit it off i'm told. the only difference here is that macron as former investment banker indicated he wants to drastically cut tax rates in his country and encourage french investment which might hurt
german investment which might not be simpatico with europe and the union. trying to iron out differences. two establishment candidates. merkel's government over the weekend had a big victory, confirm a trend that goes away from populist. you saw what happened in france. saw what happened in austria. seeing what happens in the netherlands, this populist wave post "brexit," seems shifting away from populist to more establishment candidates. french and german leaders meeting as we speak. more after this. you always pay
your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance.
♪ neil: this is the day really worried about with the cyber attacks. better than 150 nations caught up in this whole thing. feeling seemed to be those that weren't would find out as soon as employees booted up computers today. tracy carrasco has the latest. what are we finding out? >> neil, governments and companies have been working overtime to recover from the global cyberattack. as people head to work today, cybersecurity experts are bracing for another wave of computer system attacks which could be worse. the ransomware called, wanna cry, crippled systems around the world, france, germany, united states, russia, china, which has
more than 40,000 institutions have been affected. uk prime minister theresa may speaking out about a cyberattack against dozens of uk hospital. >> this is not focused on attacking the nhs here in the uk. the 150 countries are affected. europol says there are 200,000 victims across the world. cybersecurity is an issue we need to address. why we're putting 2 billion pounds into cybersecurity over the coming years. reporter: the ransomware seems to exploit a vulnerability in microsoft windows which was identified by the national security agency and later leaked to the internet. microsoft president brad smith said in a blog post, this attack stockpiling vulnerabilities by governments is such a problem. 22-year-old british researcher may have stopped friday's attack by discovering a kill switch within the computer virus. there are growing fears hackers will or already have unleashed
an updated version without a kill switch. president trump ordered meetings friday night and saturday morning with the fbi and nsa and homeland security. he will be briefed again today. neil? neil: thank you very, very much, tr tracee. anything updated, cyber related stocks are soaring on the news. they seem to be the beneficiaries of all of this, palo alto networks, symantec, fireeye, so many others you see all in the gain. i want to get the read what you can do with it, greg kelly, former u.s. navy operations officer. i was told, greg, the big fear is if at work or on the job, simply turning on compute other or accessing an email might be suspicious. we haven't seen that in droves here, that stands out in that respect but you suspect matter of time i guess?
>> neil, good to see you. i think the issue we're seeing today is that in china and india and other countries like that, most of the institutions down to homeowners don't have registered or real old versions of microsoft suites. they have pie rotted copies. you can't update a a pirated companies. that they are all running pirated of microsoft they're unable to block or unable to patch what they have existing. is you have seen this run like wildfire through india and china because they're running pirated microsoft. neil: microsoft said, with a lot of its software now, those who legally buy it there is a patch. automatically downloaded. but many people have not done that. these guys know that. how do you advise people here who are worried about this? let's assume they don't have pirated copies of windows, how
do you advise them what to do? >> it's a tricky question. there is sort of a two-answer part to this but my advice to folks find themselves in this predictment, you do not pay the hackers or the, cyber criminals. remember these folks are criminals. -- neil: ransomware. in other words they demand -- so few have paid, $40,000 in bitcoin, obviously sort of online currency. >> right. >> what do you make of that, so few actually have paid? >> well, what we're hearing, all my sources are telling me over the last 12, 24 hours, even those folks paying ransomware are not receiving encryption key or decryption key free update at that. neil: wow. >> there are tools available online, google wanna cry, you find the encryption or tools which will help you take this awful ransomware off your machines. neil: who do you think is doing this, greg?
if it is a concerted global effort targeted likes of china and russia and evil and fine empires alike across the globe, what is the deal? >> neil, my gut feeling with this, i don't know, i'm not close enough into the decision circle on this issue, on this, right now in government, my gut is that this is really a criminal enterprise that is doing this. whiles i hear my colleagues ramping up there is version two leaking out there a little bit, my gut feeling this is exploded become much bigger than they're anticipating. as a result of that so much law enforcement, intelligence community heat on these guys, from russia, china, u.s., australia, britain, et cetera, et cetera, i'm kind of guessing at least in the interim they're going to step back from this a little bit because you don't want the cia, the kgb and everybody else knocking on your door at 4:00 in the morning sitting ins who could you or
sitting in beijing or sitting in your mom's basement in new jersey. you don't want that knock. neil: what if you're not in your mom's basement and you're not in new jersey? but i kid, to make a point, what if this is bigger than we thought? and ones that perpetrated it are alarmed how relatively easy this was and is to do? >> right, book, i was on fox business back in early march talking with charles payne about this exact -- when the nsa and cia were breached and this information was stolen. what these criminals effectively have right now is the tool kit to perpetrate these attacks. i got to say i'm a little bit smiling on the inside at microsoft. they sort of sound like hillary clinton after the election defeat. they are saying this is now the government's fault, cia's fault. they never told us. well the cia is not the help desk for microsoft.
microsoft are a big corporation. they have had this patch for a very long time. they have been trying to sell it to people, but people haven't been buying it. now they're reaping what they have sold a little bit. neil: it could be the best sales program ever tore microsoft, right? >> funny you say that. i was thinking about that sitting in my seat. but i don't want to go into conspiracy theories, neil. we wouldn't do it on the show of course. neil: well-put, greg. always good having you, thank you very, very much. >> thank you. neil: this seems to be ramping here. we're not trying to link future attacks but the fact that this was so widespread and incorporated so many different countries and again, with microsoft now blaming it on governments that had this information to greg's point, that what prompted a lot of folks to say, microsoft you could have done more to prevent this. microsoft saying we did warn people about this, including very governments who are supposedly alarmed. from that delightful story to
north korea. you know they fired another missile. this one had potentially had nuclear capability but would be easy to transport but a statistic would alarm you. this continue as trend, 10th firing in the past year where we've seen within the last three years, north korea has now fired off more missiles than it did and has in the last three decades combined. getting worried? why isn't china? after this. ♪ infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp
will you be ready when the moment turns romantic? 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.
neil: you have to give north korea credit. no matter the pressure of the world and especially us saying we're going to retaliate, they keep doing this missile launching thing. connell mcshane has the latest on what happened. connell: yeah, another one, neil, because it's interesting north korea says it's capable of hitting the u.s. with a nuclear-tipped missile, also said its weapons program cannot be slowed down by sanctions and still the challenge is figuring out how
much comes out of north korea is actually true. now, the experts do say the launch over the weekend was the most sophisticated yet and certainly kim jong-un is serious about his nuclear ambitions. heard you give that stat before the last break. there have been more north korea missile launches in the last three years under kim jong-un than there were in the previous three decades. it's really quite remarkable. some have failed and, you know, in spectacular fashion. others have not. yesterday was the new intermediary range missile that was tested and one experts suggest could reach u.s. military forces that are stationed in guam. now a lot of people are asking what can be done about it. i mean, many people suggest it's all up to china that they have the most sway in all of this. you have south korea new president there open to more to the north koreans and leadership. and russia's a wild card saying he's opposed to any new countries acquiring new weapons but that the world should talk to north korea
rather than threaten it. that's what putin said. as for the u.s. over the weekend, treasury department officials said it was considering all of its tools still, including new and stepped up sanctions. but, again, that's the issue in dealing with kim jong-un. it's unclear how much of an impact sanctions really have on his thinking. his father and grandfather may have used missiles to negotiate at times but the young mr. kim hasn't gone out and met with any world leaders. hasn't gone anywhere. hasn't traveled outside of north korea and the missile launch on sunday was his tenth this year. so nothing seems to be slowing down his ambition there, neil. neil: china not able to contain north korea, that is clear as connell said here. so what do we do now? the author of new york takes on the world gordon shaken takes us now. it's clear the comments made about the chinese, they're not afraid to call him out to say
you're doing president trump's bidding, i'm paraphrasing here. but if china can't control them presumably in their neck of the woods and this missile i think was closuring closer to russia than it was japan, who is? what is? >> well, china can solve this. china does have the means. it supplies food, fuel, diplomatic support. but the most important thing that beijing provides is confidence. confidence to senior regime elements that they're safe. that they're safe from south korea. that they're safe from the united states. that they're safe from the world. and if beijing were to signal that they were no longer safe, that they wanted them to give up their weapons, that would start a process that would lead to the disarmament of north korea. but beijing doesn't want to do that. beijing does apply pressure. clearly, we've seen that since january, but it doesn't apply pressure sufficient. neil: what kind of pressure is china applying here? because i don't see it and maybe it's because this is one of the most sanctioned if not
the most sanctioned countries on the planet, yet they continue as in the case of the dictator's father and his father before that to keep sort of throwing this in the face of the world. >> well, the chinese have been doing is cutting down economic relations with the north korean's. so on february 18th they were no longer going to buy coal from north korea during the rest of this year. but they actually bought coal from north korea in february after the announcement, and they bought it in march and april. so they're playing a little bit of a game. so there is a little bit of pressure but the pressure designed not to change the opinions. the united states, though, has a lot of leverage, and we have not actually exercised it. we've got sanctions on north korea, but they're not that severe. and we're not applying sanctions on china for chinese complicity in selling north korea ballistic missile technology, all sorts of things that china shouldn't be supplying to the north koreans. neil: you know, gordon, and
you follow this so well, better than anyone i know, but i do tend to try to draw market reactions to each one of these missile tests. and 90% of the time, maybe more, markets, certainly in the region after we get wind of this tank. and then something they stabilize, not all the time. now the markets abroad in europe and the united states seem to just go their own way, and higher oil prices in our case and things that are going to be good. are they just going past the graveyard or are we getting used to this? >> well, i think we are desensitized to this and there are so many threats and of course they are so dire sounding. but after a while, you know, i think the markets have got to understand that this could go seriously wrong. you've got an unstable regime
where kim jong-un has stable for risk and the north koreans could do something that would surprise us. it would make sense from their perspective, but we have seen throughout the course of history that the kim family has used violence to upset status quos that they found to be unacceptable, and they can reach out with long rage e range, but i do missiles and nukes. so it is very different these days. i think we have to be extremely concerned with what's going on in pyongyang. neil: do you think that part of this mar-a-lago agreement, the two leaders that the understanding would be president trump would go slow on labeling, you know, china an unfair trader or one who rigs its currency and economy and you are the first to report that many years ago. just to buy time here to get us off their backs. >> yeah. that's absolutely what beijing is doing and president trump has a strategy of being cooperative with china in hopes of winning its cooperation on north korea.
but i don't really see that working. and at some point in the future, trump's going to have to be as good as his word because he said if china doesn't solve this for us, then we're going to have to do it ourselves. that's going to be a pretty ugly process, but it's going to be necessary because it's not entirely clear that we can deter north korea. yes, we deter the soviet union. yes, we are deterring china right now. but north korea is very different from china and the soviet union, and we got to be concerned that kim jong-un just ceased the world very differently and will do things that we consider horrible. neil: real quickly as well. north korea must know that any provocative act, especially launching a missile would be certain death to the north korean leadership, to north korea itself. yet why, you know, trifle with that? >> well, because they can intimidate us, blackmail us, blackmail countries in the region, and they can use their nukes in a way that we may
never be able to trace it back to them. neil: on the black market. >> or detonate in a city like new york after they smuggle it in across our undefended borders. neil: all right, gordon, i would say thank you but that's very interesting. gordon, very much ahead of all of this. in the meantime, the republican agenda that has a lot of people back and forth, what if i told you one of the reasons why the markets continue to show some strength even as the president's poll numbers look dicey is that they're convinced that behind the scenes they're making progress, for example, on this tax cut thing. a lot of progress. you just don't see it. after this i count on my dell small business advisor
for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ ♪ usaa gives me the and the security just like the marines did. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children. we're the williams family, and we're usaa members for life.
gone too far on this one. the mayor and supervisor of the city of san francisco. others joined in on this to say that the administration really hasn't offered a kinder, gentler version than its first travel ban that effectively went nowhere. after that too was challenged. the ninth circuit court of appeal consists of three judges. none of them were big fans of the first order, and we're getting word the tone of the questioning here not big fans of this order. now, anything can happen, but this is a court that has routinely overruled on appeal better than 85% of the time. no way to gauge right now how the administration is arguing on behalf of the measure that says it does not target muslims, even though it does target nations whose majority of population is muslim. we'll keep you posted on that. meanwhile, the freedom caucus is working behind the scenes on a plan that does call for big tax cuts and the kind of tax cuts that right now we're told are stymied by this back and forth drama capitol hill
over comey and the russia investigation. house freedom caucus member congressman andy. congressman, very good to have you. congressman, what we're told that all of this other drama is getting in the way of getting any progress on the tax cutting front. you argue quite the opposite. >> yeah. i think that's a red herring. congress is very capable of multitasking. i personally sat on at least a half dozen meetings with tax experts, economists, ways and means chairman kevin brady, we're working on the tax package as we speak. neil: so, congressman, i'm sure you caught that interview the president had with the economist in which he said i'm okay with priming the pump here. what he said is he's okay with going into deficits initially with bringing in revenue down the road.
are you? >> yeah. i think it's a strange notion that we're going to have to be revenue neutral on any tax package because what that means is we're going to give some people breaks and then we're going to take away other peoples money through taxes. i think that we can generate enough economic growth to really cause all boats to rise here and that's the old laugh or curve, that's the ronald reagan model. neil: and it's kind of the jfk model in a way. >> yeah. neil: the feeling i'm getting from listening to some of your counterparts in the senate, and i know it's different when it comes to things about health care and even tax cuts. but there are quite a few of the moderates. i think as a body the senate is much more moderate. so they might insist by the likes of rob portman and some others for revenue neutrality or budget neutrality, deficit neutrality if you will. not to make them worse. so couldn't that kill whatever
you're trying to do in the house? >> well, you know, when it gets -- when the bill gets to the senate, the senate's going to do what the senate's going to do, and i'm not sure that's going to be the motivating factor in everything we do in the house. i think that -- neil: in other words, just keep plowing ahead doing what you're doing whatever they do, and it goes back to conference. but let me ask you this. the type the big rate cuts that we've seen the administration espoused, let's say a top rate that goes down to 35%, still three rates from the seven that we have now. you're -- that's kind of your committee's thinking and that's the house republicans thinking; right? >> well, i think that's consistent. i'm not sure those are the exact numbers. i would like to see a lower individual top rate. neil: were you surprised the administration came out with that higher one? it was rumored to be 33 and then it was 35. >> i was a bit surprised. i was thinking somewhere between 28 and 32 would be the
sweet spot. neil: or limiting them, sir, on state and sales taxes, are you open to that? or no? >> well, i think that some, yes. some of those need to go away. some of the tax credits, perhaps. and some of the deductions. mortgage and charitable deductions, there's no real will to do any with those. >> even the upper income? . neil: even in the upper income as far as i can tell. yeah. . neil: now, what about any retroactive cuts here. and i'm sure that's your goal, congressman, to get these done certainly by the end of the year. is it your wish to make them retroactive or if it's so late in the year that that would simply be unlikely? >> well, my brothers would be that we made them retroactive to january 1st of this year. that's really what i would like to see. but, you know, i'm one of 435. but there's a lot of -- i
think sentiment that agrees with what i'm talking about, and that's why we want to get this done as quickly as possible. and, yeah, retroactivity would be a great boost i think to the economy as well. neil: if this somehow shifts into next year, congressman, are you worried they might not happen at all? >> that's what makes me nervous. i do get nervous. people tend to go wobbly in the election year, so i think we need to press forward. and that's why even though we're doing the health care stuff and that still lingers out there, we're -- we continue to work. and the freedom caucus is the hardest working group in congress, in my opinion. but we continue to work on tax reform trying to get our ideas out there, develop them, and work with experts and make sure they work. so i'm hopeful. i'm still hopeful. neil: all right. congressman, thanks. very good having you, sir. thank you. >> thank you. neil: all right. where were
you 20 years ago today? i want to read a new offering that they debuted on wall street that day. a new way to handle retail and buying with the more complicated than can be understood. more up front expense than can be appreciated. yet for this, people will pay up. how american. how quaint. how devastatingly wrong. that was a review of an offering called amazon. if you ignored that review and got into that stock with $5,000, you would have $5 million today. more after this [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest
. neil: a lot going on. amazon.com was one of the big sellers on wall street today in its first day of public trading. the company far outreached its offering price of $18 and just about doubled expectations. amazon.com closing today at 23.5. . neil: all right. two things i noticed. 20 years ago today i had a much better toupee and. holy cow. where do they dig that stuff up? do you know why they show that
stuff here? not for my staff to embarrass me but i cannot tell you the doubters and the front page headlines and the journalists who pooh-poohed that offering and said this guy jeff bezos is a glorified ponzi scheme, this idea that he was building out in every step of the way that people would want to do purchasing online. believe it or not 20 years ago, that was an alien concept. that was then. this is now. what they make of this. you know, guys, and, scott, i'll begin with you. this stock is up almost 50,000%. $10,000 invested is worth about 5 million today, it's in a return of more than 36% year in and year out and throughout was pooh-poohed by almost anyone and everyone in the so-called smart money crowd. what do you make of that? >> yeah. you know, not a bad run for amazon and even some of its other cohorts, neil. apple and google.
dare i say today amazon look better now than you did back then because i'll tell you wh w. neil: you are so coming back on this show. but go ahead. jonas, by the way, take notes. this comes in handy. >> jonas, you have to listen to this. the tech companies are now work on n control of their future. if you think about during their daily life even as' life. you talk or touch amazon, google, microsoft, apple, it's part of our daily lives. so this is not just tech up today, this is tech of tomorrow and that's why you need to own these companies. >> there is that view, you know, climbing the wall, and i heard that before about going against the grain. there were a lot of people at the time, and you have to think about it. it was really the way the head of the big internet boom, the dot-com boom that really helped bill clinton, certainly in the second term and forever changed our view would come into washington too. but it had came. now everyone loves amazon. so the contrary in you, does
it prompt you to say maybe i should go slowly here. >> it does, in fact, if you recall, the press got more positive on that amazon story as the tech bubble started to move along and the stock got very expensive in 2000. neil: in fact, it was a leader. in other words, if others were to fumble, at least amazon would not. >> right. but from 2,000, if you bought the dow price and not ipo, it has only been recently that it started. in fact, we were recommending that stock in 2002 at the ipo price. it collapsed significantly and nobody wanted it again and everybody was off the dot-com bubble and then all of these business models started to come back and today i'm sure venture capitalists are kicking themselves for putting pets.com to bed. so a lot of those models were sound and people became pessimistic and now they're optimistic again. and now amazon is probably one of the top five business models of all time up there
with general motors and all the great ones, it is now so popular that no one can see a world where their stock isn't going to go up over the next ten years. and, in fact, it might take another ten years of growth in the business model in new areas of furniture and talking systems before you can -- neil: or, scott, you just say hang on for the long hall. if you're going to have ups and downs but that's a keeper for the long hall. what do you say? >> yeah. i mean, i think jonas brought up a key point, neil, which is the evolution of the companies over time. and to that, i attribute good management. guys like jeff be bezos, mark zuckerberg. it's the owner. neil: i find it to be like a fine wine. stay with me, guys. more after this, including a white house shakeup in the works. after this
i accept i take easier trails than i used to. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but no matter what path i take, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily... ...and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding,
abreak through your allergies.? try new flonase sensimist allergy relief instead of allergy pills. it's more complete allergy relief in a gentle mist experience you'll barely feel. using unique mistpro technology, new flonase sensimist delivers a gentle mist to help block six key inflammatory substances that cause your symptoms. most allergy pills only block one. and six is greater than one. new flonase sensimist changes everything. with this level of intelligence... it's a supercomputer. with this grade of protection... it's a fortress. and with this standard of luxury...
it's an oasis. the 2017 e-class. it's everything you need it to be... and more. lease the e300 for $569 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. . neil: all right. we are waiting on white house briefing that's coming up in another half hour. we assume sean spicer's going to do the duties. is that the case, guys? or melissa mccarthy? do we know? sean spicer. did anyone see that skit? i thought he should embrace it and have fun with it, myself. but the whole electorate red 5th street on new york, priceless. sarah westwood, the senior mike warren, again, what the shakeup talk is about, guys, you know far better than i is not going to be one person that might go, it might be a whole bunch of people. sean spicer is always on that
list. but we see steve bannon and possibly reince priebus and on and on we go. but i always wonder about this stuff is that whether it does the trick. the shakeup certainly of that magnitude would make much of a difference. what do you think? >> well, certainly we've seen cases within the trump administration where a staff shakeup has made a dramatic impact and the most notable is the national security counsel. once hr mcmaster was brought in as president trump's national security adviser, we saw the national security operation and then a lot of ways the foreign policy operation become much more professional. it's the most smoothly run aspect of the trump white house and from syria to north korea, the president's action had been applauded. so we know that when the president is being well served by his staff, that can make a huge difference in how policy outcomes are perceived. that could potentially be the case as he made a shift in his communications job that we
could see some of these messages translated -- transmitted, rather, a little bit more smoothly. neil: you know, that depends, though, michael, on the president listening to this new group comes to that. because he's his own man, and that has gotten to live in that house. so touché to him, he got where he is because of that ability to trust his gut and go his own way here. but it gets in the way sometimes of initiatives that otherwise would be very popular with folks, for example, his wall street agenda. very popular wall street. very popular with investors. and very hopeful for a crowd that wants to see them get done but they're all to a man or woman, you know, sort of wince at how they got sidetracked. so doesn't a lot of this depend on how willing he is to listen to whoever he brings in? >> yeah. i think so. there was a couple months ago a senior white house aid told me something i think of that all the time, which was with this president, you never know. and that's definitely a feeling you have in the west wing.
people sort of had this idea that, well, is he going to be listening to this particular person or this particular report? and so i'm sort of greeting this news that there's a possible shakeup here with that level of skepticism. could the president sort of clean house and start fresh with some new group of people? maybe. or he may hear all of this coverage of us talking about a shakeup and think, no, i've got to stick with the people i have. you just never know with this president, and you never know if to your original question if a shakeup would change anything. because ultimately, it's all about the principle at the top, and he really sets the agenda and sets the tone for how the rest of the white house and the rest of the administration acts. neil: yeah, and, again, you know, his instincts doing a lot of stuff, getting him into that house, the white house was very instrumental. but i am curious where you see this going because some people read a wholesale change in the key staff as a sign there's panic there. i remember richard nixon, for
example, when he got reelected asked for his entire cabinet to submit their resignation. he only ultimately replaced a few. but down the road, it set off a great antipathy among senior staff and the like who felt the president was abandoning them, and then they were leaking stuff not so friendly or nice about them afterwards. how do you avoid that? >> well, certainly we've been hearing these rumors that a shakeup of certain key positions was eminent since really the beginning. we've heard that reince priebus was on the bubble, at different times we heard steve bannon was on the bubble, even sean spicer was fired, that's been a rumor that was frequent. and none of which has become to fruition. you have to wonder that those specific individuals are motivated to solidify their own position, and you're right. the shakeup has a thing that's done in the past. bill clinton notably the left wing staff. neil: yeah, they all do it. >> right. it happens. and so the question is whether
this is really a sign of desperation on the part of the administration or if this is just an acknowledgment from president trump that what he's doing hasn't been successful in that potentially with another team he could not some of those successes? . neil: how likely is any of this, michael? >> obviously, neil, i have no idea. i mean, it really -- it really could be anything. but, you know, i do think the president is looking at the last week, particularly with his decision to fire james comey and the sort of communications strategy or lack thereof for that and thinking maybe i can do better with a different team. but i would look at it from the other perspective, which is think about what these communication staffers have to deal with. the fact that the president really makes this decision without bringing any of them in or giving any sort of forewarning about this and the communications team really having to scramble. that's a big problem, and i think that even if you change staffs, if at the top or the culture in the white house is
sort of to provide varying answers, varying messages, and not sticking to one, simple message, again, the staffing is not going to matter as much as the principle and the culture at the top. neil: yeah, i agree with you both on that angle. and, by the way, the media if you're going to cater to the media, try to make them happy, of course they'll never be happy. guys, thank you, both, very much. think of all the criticism abraham lincoln. right, guys? at that time the media was all over him like tissue paper. but i think it turned out okay. that's just my quick read on it. and then i remember covering the presidency very, very well. all right. former apple ceo john is telling me that the position that would really help the president is just one. just one. take a look. >> i did want to pick your brain a little bit of what do you think of the comey dustup and everything else. is it distracting? it distracts from the economic agenda whether you like it or not, it's going to push back at a minimum. as a business guy. >> well, here's what i think as a business guy. i'm not a politician.
as a business guy, i believe that every president, including this president, needs a coo. kim baker was a coo for president reagan. neil: chief operating officer. >> absolutely. chief operating officer. neil: all right. charles payne says he's a little busy, so that's not something he would consider. but what do you make of it, my friend? making money host and doing everything else this week as last week. the idea that the president needs some discipline. we've all seen howard baker, you bring in someone who can maybe just restore some order. >> someone who can restore some order and someone who has a good sense of the lay of the land. the name that immediately pops in my head would be newt gingrich whose name obviously was floated at the -- before the inauguration for any number of jobs. i mean, you think about what's evolved in this administration, we do have a cfo now with gary cohn, and i'm not sure that was necessarily his role, initially.
but he's gotten close enough -- neil: he's become that. >> yeah. he's become that. neil: the national economic council head right now. >> reince priebus i've got to be honest, i haven't heard from him. i don't know. maybe we shouldn't hear from him. but by the same token, it feels like a lot of this may fall at his foot right now. chief strategist. neil: why? why can it be the president no matter who they're getting isn't going to listen to him? >> well, the president is going to do things his way. we already know that. but reince was the guy who's going to bridge this -- the outsider candidate businessman donald trump with the washington insider and how the system works. and if you're going to say, well, that hasn't worked, well, he's the guy who it was his job to do that. are we saying it's a tough job? some are saying it's an impossible job. nonetheless it was his job. now, let's not forget steve bannon's role has pulled back.
in fact, you talk about the scuttlebutt, some of the names flown around, may not be there. moved higher up the ladder, but he can't be a chief operating officer because he doesn't know how washington operates. so we're back to that problem. how does washington operate. neil: but you have to know the president. you know, bobby kennedy served that role for his brother. >> sure. neil: he was attorney general. but he also after john said i've got to rely on people who are outside, the joint chief of staff. someone who knows me and knows my thinking. who would serve a role like that? and who could tell the president wait a minute, you're way off on this. >> that's a tough one. i'm not sure who played that role in the trump organization. neil: his daughter. >> ivanka is very close to him and 9-1-1 and particularly in -- neil: is that dangerous? >> again, though, i think the ideal candidate is someone who understands president trump and also understands washington, d.c. to be quite frank with you,
vice president pence is someone who probably fits the bill also, and i think he's getting not enough credit to be quite frank with you. i think he's done an amazing job thus far, particularly getting the house bill through. i think it was his work behind the scenes as much as president trump making this 14 to 20 phone calls that we've read about getting that through that big, big hurdle. but he's got a job; right? vice president -- i don't know if he wears two hats, one official hat and unofficial hat. but someone a chief operating officer who gets president trump can push back perhaps from time to time and say, hey, let's not do that for no n. neil: but you need someone to have your confidence; right? someone that will say, you know, boss, i've got to tell you. if you go on a tirade about the crowd of your inauguration or that you won the election, you've got to let go. who has the ability to do that? because we're told anecdotally behind the scenes that has happened through a myriad of folks whom the president
doesn't choose to ignore. he's president today. but as president, he has to shift a little bit; right? >> he's got to shift a little bit. and to your point, let's not forget. he was through a couple of campaign managers. so he makes these decisions very quickly. here's the problem for whoever gets that job, proving the counter factual saying, hey, don't send that tweet. so what about the tweet we've never heard about? what about that tweet that began with we, and then it just didn't go on? and maybe -- neil: so we're left to wonder this is the good stuff. >> right. but there -- so if you had that job, and you say, mr. president, let's skip on that particular tweet for right now and focus on something and later on that day, he's raked over the coals by mainstream media, he's going to say i should have done it anyway. so it's hard for that person to prove counter factual and the president's going to have to give that person him or her to benefit it for a certain period of time. . neil: yeah, but it's hard because a lot of them are set up trying to defend the
position they weren't given a heads-up on, like with the comey firing. and later on, he proves them wrong, or they look stupid. maybe for perfectly valid reasons, but they -- he's got to trust their instincts on this; right? >> got to trust the instincts on this. but i think there's a distinct difference. the role we're talking about, the coo and sean spicer. you know, you don't necessarily have to get rid of the daily pressers, but you may have to say, hey, this news broke in the last ten minutes. we are not discussing it right now. i'm not going to fall down that rabbit hole. listen, we'll talk about the news from yesterday. i'll follow up on the question, sir, i didn't have an answer yesterday. but i'm not going to sit here and explain something that president trump did ten minutes ago. no. neil: yeah, you don't want to reduce press conferences to what the president meant to say. >> he meant to say, got the moments and spicer, he's -- listen,. neil: and the media's always going to be on your hiney. just let that go. >> let it go. neil: yeah, i hear you. all right. buddy, thank you
very much. again, quoting from disney flick frozen. that's the way charles and i role. all right. a little joke there. apparently a very little joke. all right. you looking at cyber security stocks are doing? well, this global hack attack has them on a buyer's attack because everyone and his uncle wants in on these issues. are they seeing something else coming? when is the other high-tech shoe going to drop? after this time's up, insufficient we're on prenatal care.es. and administrative paperwork... your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you, too. for those who won't rest until the world is healthier, neither will we. optum. how well gets done.
won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance.
. neil: all right. i want to take your attention to what he is going on in seattle right now. this is the nithin circuit court of appeals, weighing the legality of the president's second travel order. this is the former -- all right. i apologize. the former general of the state of hawaii. he was among this protesting this, saying it would be unfair and unfairly target muslims. the second get somethinger travel order saying it still had enough people complaining. this is the ninth circuit court of appeals, that is routinely overruled but raises serious doubts about the first measure of the president, so the president then submitted this measure, which got maybe not as much protest but a significant amount of protest
saying it too went too far in largely targeting muslim nations and only muslim nations. the trump administration saying that is not the case. this is all about keeping the american people safe. but you know how this goes. if the court rules as expected against this measure, the administration has already indicated it will take this all the way to the supreme court, if need be. meanwhile, in light of this hack attack across the globe and, you know, involving 130 countries, growing talk that cyber security sto stocks, which were gettingeaten down ahead of this are now up and up smartly because of this. connell mcshane on the latest on that. >> well, it's interesting, naturally. people who carried this out, whoever they are, want to be paid in bitcoin. and it's been a while since we talked about bitcoin, which we used to talk about la. not a lot of money is changing hands with this ransom attack. you consider it's supposed to
impact 200,000 computers, 130 countries plus and only to this point maybe around $50,000 has been paid out in ransoms, if that. now, bitcoin is required as the method of payment because it's hard to track. that's why they want to use bitcoin, but it's also not that easy to use, some will tell you, and that's leading some to believe that it's one of the reasons a payment amount isn't higher. there could be other reasons but bitcoin is often a multistep process. you have to register an exchange, put money there, and then you have to transfer the money there. and at times, that can take a day or two to go through. so, you know, we'll see how it all kind of plays out. but only 40- $50,000 changing hands. now, the next step in this process is figuring out the who's behind it and that's also tough with bitcoin because it's difficult to know who the attacker is based on the address they're using, the bitcoin address. but -- and this will be important. if and when the bit coins are moved to a different address, then apparently they can be tracked. so that's one of the things that they may be waiting for
here. as for the attack itself, we're told that there are not any victims, though, inside the u.s. federal government, and it is the u.s. government, which may have kind of started all of this. although certainly not on purpose. there are some reports that say these infiltration techniques, these hacking techniques were developed by the u.s. intelligence community, maybe stolen to that point russian president vladimir putin blaming the u.s. saying russia had nothing to do with the virus, and he accused the united states on developing the tools that had been used in the attack. nothing to do with russia, he says. there you go, neil,. neil: so the leader of russia vladimir putin is criticizing us for hacking. you've got it. all right. it is monday. that would be like me telling you to eat salad. we're not going to go there. i know you didn't -- you're that much of a gentleman. thank you. connell mcshane, can you imagine?
what is russian for cajones? what could be next? former u.s. marine intelligence analyst. you know, we always talk about trying to crack down on leaks; right? easier said than done. i mean, this -- especially when it's worldwide in nature and coordinated; right? >> yeah. absolutely the case, neil. you know, what i would like to say is i think we have a problem here with the nsa leaks in general, the politicization of our intelligence community. we saw that happen previously with the obama administration where i believe that there was actually intelligence that were -- was altered to fit a political narrative with snowedin and manning. i believe that these people acted on behalf of what they thought was politically correct or doing the moral right. and i wonder, you know, i wonder here in this case if this leak occurred because people believed that they were being whistle-blowers, and that's very dangerous. neil: the fact that it
targeted so many countries. russia, china, of course we have been targeted in the past, though, through different means and not exactly this, that whoever is coordinating this is doing it with relative ease and beyond countries' boundaries. where does this stack up to you against other hack attacks you've seen? >> well, you know, a lot of times people talk about this hack originated from this location or that location. they really don't have any idea. once the technology has been released, anyone that is, you know, an advanced hacker can execute these attacks. so at this point in time, we're in a very, very difficult age, and we have to protect our secrets. and that's my point that i think is most critical here. neil: let me answer something. those who demand its ransomware, you go and you say if you want to get your files back, then you have to pay us, hence the bitcoin payments, and i guess some encryption to get you out of it. but we're told for a lot of
those that have paid up 40,000, equivalent 40,000 u.s. dollars, so relatively small, they're not getting the encryption code. so what do you make of that? >> well, again, it's good to hear from me. it's good to hear that no one is paying this. and i think that's a good sign. but, again, you know, this is not going away. i think this is going to be something that we're going to see over and over again. neil: you talk about someone's obviously paying small sums when you think about how many are involved. but if you're a hospital, that were sort of roped into this, then what do you do? because you've got patients, some patients' lives on the line, and you'll do almost anything to get that information to save those lives; right? >> right. absolutely. i would pay it. and then i would take the next step to make sure that my security was updated, which a lot of the times this was -- this information was available, people need to make sure that their data is secure. it's their responsibility and
nhs was certainly responsible here. neil: do you buy what microsoft has said, bill, that this is the fault of a lot of people who have bootleg copies of windows that if they had legal copies of windows, they would have automatic updates? they wouldn't be in this pickle? >> well, i don't know about the bootleg but certainly if they used the most recent microsoft product, that's true it would be more secure. so, yes, that is accurate. neil: bill, thank you very much. >> thanks, neil,. neil: despite, again, some of the worries today, so far no evidence of that yet. remember, the fear was this week a lot of people returned to work, particularly the united states as soon as they booted up their computers of course then all hell would break loose. some hell has broken loose. not all hell. we'll have more after this [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward.
at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. can. . . . what if technology gave us the power to turn this enemy into an ally? microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect new viruses before they spread, we may someday prevent outbreaks before they begin.
rich evidence nation per capita on the planet. when the crown prince visits, he goes by his royal highness prince alwaleed of abu dhabi. that is a lot. that is a mouthful there. one of the world's richest leaders. abu dhabi, a leader worldwide in bank, technology, they have a open side when it comes to ininvestment. very few rules. just plow the money in. north korea firing a new missile claiming this can hold a nuclear warhead. what is make as concern it might be able to and and we have ben
collins. republican and democratic administration, north korea does whatever the hell it wants. >> absolutely. to put it in context, neil, 10 years ago they had the first nuclear test. that registered in one kiloton. the nuclear test we saw a few months ago registered in somewhere around 25 to 30. hiroshima was 15-kilotons. neil: wow. >> the issue will not be a question if they're going to have the capability but when. so we are unfortunately a point where action has to be taken either by us or through the chinese. but this man obviously showing that he is not slowing down in his desire to have a weapon but i don't think he has got it yet. neil: he is pretty close. routinely a lot of experts poo-poo his missiles off course. this one was a little off course but i'm looking at the world reaction, he is nowhere close. he is getting closer with each
shot, right? >> he certainly is and one of the biggest things holding him back, when you're talking about an intercontinental ballistic missiles, that has to go into space and reenter the atmosphere, that cone on top for the heat is very, very difficult technology. as i'm sure you're a big fan of "star wars." it is hard to get that thing back in. i don't think they're anywhere close to having that, neil. neil: i look for yoda. you and i talked about this before, ben, how do we use the china card more? sometimes i think china is stringing us along here. i raised that with gordon chang said they are indeed doing that. >> 100% they're stringing us along. china has control of 90% of north korea's energy. they could turn that involve off and shut them down 60, 90 days. they are 65% of north korea's
export partner. they could say, we'll not buy from you. turn off the power, stop i buying their stuff, north korea would be on its knees? why hasn't china taken that step? china has to be evaluating right now are they willing to take in some stronger action themselves or risk the u.s. and partners doing it? the one thing they won't stand for a unified korea with a western partner on their border. i think china might get to a place fairly soon, they might consider unilateral action on their on to put the guy into check. neil: what if china can't? i will give benefit of the doubt. what if they can't? >> they could. they certainly could. we know for the most part where you know, missile silos are. china certainly has a whole lot of ideas. they certainly know wherer. but a big problem again, we always concentrate on the nuclear part but there is along the south and north korean
border there is a massive amounts of just conventional artillery that can reach into seoul. that is 25 million south koreaians watching this whole thing a little bit apprehensively. neil, to be honest, there is no other, there is no doubt in my mind if china truly wanted to shut it down they certainly could. i think they're getting closer to realize it is best interest to take action first rather than us for to take unilateral action. neil: ben, thank you, the "star wars" reference was brilliant on your part. >> thank you, neil. the force be with you. neil: brilliant is he. see the markets if they were worry abouted what ben and i were talking about, look at the dow. up over 100 points. naaq in and out of records. s&p in and out of records. gary b. smith we could be seeing something horrific if north creel is out of control but don't see it in trading y not?
>> i think the markets are pretty complacent, neil. i'm not sure for a bad reason. talking about something horrific, i was looking through statistics, normally get 2% down day on the market two or three times a year. we've not had one since last september. neil: is that right? wow. >> i guess, pessimists would say, well, we may be due for one of those 500 point down days. neil: i think ralph acompora other technical analysts agree, with the dow transports doing better than they have lately we've seen very little confirmation of the average, fans of the dow theory you have to see confirmmation of market running ahead through the dow transports and that could be a problem. and down the road it could mean a big ol' correction of 20%. what do you think of that? >> well, i'll tell you what, i agree with that to a certain extent but here's the difference.
when that confirmation, that technical analysis of the transports need to go in line with the industrials, that was back in an age where we weren't global. now we're being propped up quite honestly by all the companies doing global business. in fact the companies that do business outside of the u.s. that are based here in the u.s. like caterpillar, for example, are actually doing better than companies that have primary business here in the u.s. so, that, that indicator that ralph mentioned, we didn't really have a global economy back then. so i'm not sure it is valid. neil: you're a technical analyst by and large, with uncannily prescient on market trends but one of the things i don't know enters into your analysis is the vagueries of politics and whether the comey firing and the agenda might be startled about this, we might get more news out of the press conference, we're
waiting for sean spicer right now, these vagueries can wallop the markets and it is not baked into technical analysis. what do you say? >> exactly. look, the basic of technical analysis, at least the way i look at it, technicians are always riding kind of backs of the elephants. we're reactors if you will to the major trends but on the other side here's what i see happening. short of something catastrophic like an impeachment, you look at, what is the worst that could happen? say trump gets nothing done. he is still in office, republicans still own congress, nothing gets done, you basically have obama economy we had for the previous eight years. you remember, neil, under that as much as many people didn't like what obama did to the gdp, the market was up 150%. that is why traders are saying maybe this isn't so bad if he gets nothing done? neil: isn't that wild?
we'll see. thank you, myfriend. gary b. smith, market watcher extraordinaire. we're waiting for the white house briefing. also waiting for the crown prince of be a but daub by, more to the point his royal emminute fence, pins mohamed bin sayed crown prince, one richest men on the planet. he dwarfs donald trump's worth by 10 times. think of that. that's a lot after this.
"brexit" might be reversing. ashley webster saw this first-hand himself. ashley what are you hearing? reporter: interesting, neil, if marine le pen won in france with the president heading there next week, the whole background and feel would be different. donald trump as president, is populist, nationalist choice. we saw it with "brexit" as well. we've not seen it on the continent of europe. there has been a pushback, a waning of that populist, nationalist feeling. i don't think it is dead by any means. a lot of people i spoke with in france were still very disillusioned with the elitists and certainly brussels. i don't think it has gone away, but for now, with the german election in weekend, regional election, angela merkel's party doing very well in a part of the country that it hasn't done that well. so definitely, i think has been a bit of a sea change if you like with regards to pop youism in europe but i don't think it has gone away. neil: what do you think of this
meeting with emanuel macron, the french president, with his german counterpart angela merkel, that they're more on the same page than they're not? obviously macron wants to goose the french economy. the way he might go about it could be harmful to the european union itself, right? reporter: it could be. france has always done battle with brussels with the debt and ratio to its gross domestic product. france and macron would like to spend more. spend 65 billion. use the money for infrastructure to create jobs. starting to sound a lot like donald trump. he is conservative in liberal growthing if you like, mr. macron. i think there are some donald trump but also, mr. macron is very big, pro-european, pro-integration, pro-immigration. those things very different of course to donald trump. neil: all right. thank you, my friend. ashley webster at the new york stock exchange. he has been a busy bee.
that password of his has been like the manhattan yellow pages. stamped a lot. meantime united airlines is stoking some cockpit security concerns. i don't know if you heard the details on this but they are very scary. jeff flock at o'hare international airport with more on this what happened here? reporter: seems like united has screwed up a lot lately, neil well, because united has screwed up a lot lately. this is apparent inadvertent of posting codes, locked door into the cockpit, they have a code on it, apparently somebody posted that by accident. don't worry, no flight delays or anything but here is the statement they gave us. they said united utilize as number of measures to keep the flight deck secure i don't know door access. this protocol insures that our cockpits remains secure. involves making sure on the other side of the door is somebody should be coming through the door. was this a disgruntled employee
who published this or some al qaeda person? no. it appears not. it was an advertent posting. here is the quote again. the info was shared inadvertently. it was absolutely not a breach. united said beyond that, very little about this, not what the protocals are, that they now have in place to keep the cockpit safe. they haven't said whether anybody has been suspended or fired or grounded as a result of this. and the, haven't said, whether or not the codes have been changed although the pilots union says everything is safe. they feel like the codes have been changed. i will leave you with one final note. the pilots just came out with a statement, the united pilots union, we've been arguing for 15 years for a secondary barrier to the cockpit so something can't happen, somebody can't get a code and get in. nobody listened to them. they said it is time to do it. neil: incredible.
jeff, thank you very, very much. jeff flock in chicago. we're awaiting this white house briefing. this very thing might come up. we're getting word if sean spicer does the honors today, some rumored cuts to medicaid republicans are planning as part of that overhaul of the affordable care act. they could be in the offing as well. to say nothing of what has been going on in north korea. rumors still of imminent staff shake-up that would include mr. spicer himself. imagine that. you're doing an update on your own job security. imagine if i was in that role? i understand neil's in like flint. holy toledo. more after this.
♪ neil: all right. this is just a short time ago. the president welcoming the abu dhabi crown prince, largest and richest of the united arab emirates so-called trade zones. that is how they refer to them. they are individual provinces. one of the richest cities and zones whatever you want to call it in the world. 1.4 million there on per capita basis, richest on the planet. the prince himself i'm told, people said i got conservative, he is 20 times richer than donald trump.
but who is counting. they're both billionaires. they both arrived. he arrived in an audi. which means he arrived at the airport, picked up in an audi. you can imagine if the car circled, hang in there, prince. we'll get you to the white house. he is there meeting with the president. we're still waiting for those two to speak to the press. waiting for sean spicer updates on all the cross current going on, including stumbling on this health care fix democrats and republicans are looking at closely, but particularly republicans in the senate, who might, might, be entertaining some medicaid cuts. here with all of that our gerri willis. what do you hear? reporter: this is astonishing to me, mike lee, the senator who is on health care all the time saying that he wants to cut medicaid even more than the republicans in the house do who want to cut it by some $800 billion or more, 850 billion, this is surprising to me, because of what i hear people out in the streets saying about medicaid, how they don't
want it cut. they want the programs to be there -- neil: they have been arguing it would still grow though not as much but that is falling on deaf ears. that is what they say. reporter: look, we could reduce medicaid spending what we have to do? cut out the waste, fraud and abuse. neil: never do that, republican or democrat, never happens. reporter: got to happen. one out of $10 misspent, going to a fraud artist, con artist, taxpayer dollars every $10 you spend, one dollar is being misspent. something have to happens. why don't they have to abide by the same rules physicians do, first do no harm? wouldn't that be a great place to start? neil: the position that they're going too far, willy-nilly cutting or not looking how they're cutting or addressing waste issue. each party tried to do this at various times to little avail. reporter: that is absolutely right.
people think you will you cut it, but how, when and where? if the republicans show how the dollars are abused yet pen again do it in clear way they could gain support by it. otherwise it looks like taking food out of the mouths of people who can't afford it. neil: do you look at this battle back and forth over preexisting conditions, i guess the wrinkle in the house plan that was sent to the senate is that they have coverage for preexisting conditions but with a wink and a nod, they say well, states will decide that. if you have a preexisting condition your coverage lapses you could pay a hell of a lot more for the policy but it isn't such a sure thing, what is the deal with that? >> it is not such a sure thing, relying on something called high-risk pools and how much we fund that by. the reason democrats have knee-jerk reaction with high-risk pools, they have been so poor in the past. 30 states preobamacare had
high-risk pools went into effect. there were long lines. people had to wait for coverage and wait for care, costs were very high. people look at the experience of the past, hey, that wasn't great, do we really want to do that again but the pools could be reformed and adequately financed but the question will this. neil: as someone -- do you feel with conditions such as yours dealt with cancer, are you, you're high-risk individual by nature then. does that mean, and do you you agree with those who say because of that, you should pay more of a premium because of that? reporter: right. well, chances are over time i will pay more no doubt about it. i think you will see that. it limits me in lots of other ways. my employ hears been very good about this, backed me and sponsored me and helped me out but not every employer would be that way. some people kick you to the curb
and let you find coverage as you can but let me tell you, preexisting conditions affect nearly all of us. i mean the thing i learned in having cancer is that it affects every family. what do every mom and dad know? what do every mom and grandpa in this country know, that if somebody in the family get as major life sentence, cancer, heart disease, ms, you name it, you're going to be paying. if you don't have coverage you can go bankrupt like that, adding to the pain of a horrible diagnosis. neil: killer with you, you were doing everything right, all the healthy stuff. i just found out about the time of my heart thing called food pyramid. reporter: it is not 2/3 pork. neil: no it was not. that is the big thing. you've been incredible dealing with this. i always throw that back at you. i think that is unique vantage point you have. reporter: thank you. neil: waiting for sean spicer. no doubt comment on this, and a shake-up could involve him by
the way. where were you 20 years ago today? of course a lot of people like gerri weren't even born but others covered this momentous occasion when amazon went public. more after this. ♪ break through your allergies. try new flonase sensimist allergy relief instead of allergy pills. it delivers a gentle mist experience to help block six key inflammatory substances. most allergy pills only block one. new flonase sensimist changes everything.
for james comey, the outgoing -- the gone already, i should say, fbi director. we'll see how all of that goes and what spicer has to say about all this shake-up activity that is rumored. you never know what's real and what's not. trish regan -- trish: can i just say, i saw the video of you from 20 years ago -- neil: that was a great toupee. i miss that. trish: i want what you're taking, because you look fantastic. no, you haven't changed much at all -- neil: you weren't even born. trish: yeah, yeah, yeah. anyway, thanks so much. as you heard from neil, white house press secretary sean spicer is going to be holding a news briefing any minute now, expecting him to answer on the latest from the north korean missile test as well as a massive global cyber attack and, of course, the search to replace the fbi director. president trump is meeting with