tv Making Money With Charles Payne FOX Business September 15, 2017 6:00pm-7:00pm EDT
liz: we have breaking news. a federal judge in chicago blocking sanctuary cities. basically the threat to punish sanctuary cities now blocked. thank you very much for having us in your homes. charles payne here now with making money. charles: dow jones yet another all-time high. yet, this is the best week of the year. i'm going to tell you how to make money in this market later on in the show. but first, breaking news. a federal judge delivering a blow to the trump administration. ruling that attorney general jeff sessions cannot with hold grant money from cities over the sanctuary status. joining us now former federal prosecutor doug burns. doug, these federal courts don't seem to like the trump administration. your take on this? we're sure this is the first of many legal hurdles. >> absolutely. my take, charles, is that it's very similar to the travel ban rulings and people misunderstand this, so it's actually satisfying to clear it up. this is an interim ruling,
what's called an injunction, as you well know, and what that means is that it's not a ruling on the case itself, and we're going to wait and see how the case is going to come out, and i predict as many legal experts have that the trump administration is going to do just fine. and then one other quick point is that the money has to be tied to immigration, and that's where it also gets a little mistranslated. if they turn around and say we're not going to give you that hospital grant, that -- you can't do that. okay? it's got to be related to immigration. so i need to look at it a little closer. charles: is there federal grant money that's being disbursed -- distributed to these specifically for immigration? >> yes. charles: or can you argue that it's all -- it doesn't matter? >> in court, i'm here to report legally that i think -- and david and i were speaking about this earlier. a, you can't hold the year before that. and obviously, b, it does have to be related to the ice and immigration enforcement in order to with hold it. that's the problem the trump administration might run
into. but i don't think they will. charles: all right. well, let's bring them in. david web, fox news contributor and radio show hosts. >> not really. september 30th. there you go. doug's right. the strings are tied. just like highway transportation safety funds would be. but in a new budget year, they can tie the block grants and funding and once they do that, you can't put it into the general fund of the state or the city. you're not allowed to do that, and they can with hold them. so this -- the trump administration is about to win. remember, rob emmanuel a few months ago, he stood up to the president. he's bold. i'm not going to give in. we're going to protect everyone who comes to our city. and september 30th, the party's over. charles: the party is over. doug, on that note, i mean, you say that the trump administration will ultimately win out on this. >> yes. charles: is there legal
presence for this? have you seen other presidents use the same tactics? >> yeah. they're going to win out to the extent that the monies are related. now, to your question, yes. presidents have historically said that, you know, we may with hold funding if there's not cooperation locally in situations where you're legally required to cooperate. the problem with this whole discussion is over generalization. everybody and, again, it's a function of a, the times we live in and b, a little bit of hype because people are so angry, and they turn around and say the court has shot this down. as i said earlier, not to be a broken record. that's not the case and if the monies are tied to immigration, they're going to be on firm legal ground in the courts, in my opinion, charle c. charles: let me ask you then in general because i'm not sure this will be enough to bring these major sanctuary cities to their knees. you talk about the defiance of rob emmanuel. we know, of course, in new york city most cities in california. in fact, ironically, even more and more cities are stepping up to say the fight of the federal government. what will be the next step?
the next option of the trump administration to force these cities to follow federal law? >> well, all the administration has to do is actually follow federal law. first of all, the lack of cooperation by the cities does not in any way hinder immigration's ability to do their job. they can continue to do their job. now, some judges may try to sneak a defendant out the back door of a court. we've seen that. but it doesn't stop ice's ability to operate in those cities. it halts the cooperation. i tell you who it hurts, however. it hurts law enforcement and their ability to do their job because law enforcement is now effectively being split in how they do their job. and if they go into a situation where they need to identify who they're dealing with, the police officers at the precinct level will tell you that we now have a problem just enforcing the law and differentiating between criminal, civil, and otherwis o. charles: we're going to bring in a law enforcement officer who's been very vocal about this later on in the show. gentlemen, thank you very much. >> my pleasure. charles: now i want to go to
freedom caucus arizona congressman. congressman, let me first get your reaction on this ruling on sanctuary cities and jeff sessions with holding this block grants. >> well, i think it was probably expected that in a liberal circuit court, you're going to see this type of ruling, and it's a temporary ruling. it's an injunction, and i think, though, that if something like this were to go forward, i think it would bring a lot of dismay to people around the country. they've already -- courts have already said states enforcing federal immigration laws, et cetera, so it's really a judge here that i think is kind of taking a step back. i hope that he doesn't issue a permanent injunction going forward because i think that the executive branch -- this is perfectly within their realm of authority. this -- we're talking specifically about the portions of the statute that an ordinance that prohibits
chicago from releasing people back on the streets. we want them -- you know, if they're there illegally, we want them brought to ice. and that's what the american people want. charles: congressman, i want to ask you. because before this breaking news, the main conversation tax reform. president trump getting cozy with democrats in part because gop leadership couldn't deliver a win on what most folks thought was low-hanging fruit on obamacare repeal and or replace. very few -- they're saying that republicans have lost faith and things like supply side economics, and it's the freedom caucus that has end the way. i want to know to the audience, the initial vote for hurricane harvey relief was put out there, it was 419 to three. you're one of the three. now, i know someone is going to be, like, the last man who believes in fiscal conservatism. but at what cost to you and the american public? >> well, i think that if you really believe that the
american people is overtaxed, like i do, you reduce the tax burden. and if you have to balance it out, if you're looking ways to balance it out, you reduce the size of the federal government spending. and we're not getting enough of that. what we're getting a lot of is, hey, we're going to fiddle around here, maybe we're not going to believe or execute on the belief that we've always professed. i'm not like that. i believe that in america, i believe that when we reduce taxes, it stimulates the economic activity, which actually as we saw in the early '80s in the reagan tax cuts, what we saw is we saw economic stimulus, which produced record revenues. the reason that you have increased deficit is that it increased your spending, and there was no fiscal restraint. that's what we need. we needed to be addressing that. and i think that we can put together a good tax reform. we have to put together a good tax reform package, otherwise republicans aren't going to be governing that much longer. charles: congressman, have a great weekend.
thank you very much. >> thank you, charles. charles: reporting that north korea's leader kim jong-un saying his country is near its goal of completing a nuclear force. this just one day after new york launched yet another missile over japan. i want to switch gears here. house republicans planning to release more details on their own tax overhaul later on this month. but let's face it. the gop is divided on how the finance these big tax cuts for individuals and corporations. joining me now kevin kelly managing partner is still with us. all right. kevin, economically, we just heard the congressman refer back to reagan. i'm going to talk about that a little bit later on in the show as well. but what is the problem here? where is the sticking point where a lot of republicans have lost faith in the idea that perhaps supply side economics work? or they don't buy the notion that we should increase the debts initially for a booming economy later? >> yeah. i think the problem is theory and practice. i think they can't reconcile
how they would have to cut entitlements, interest payments, or national defense on the budget; right? and that's every -- that's the increased spending that we're seeing; right? so the problem here is that they're beholden to a lot of special interest. if you look at the tax code, it's 75,000 pages riddled with crony capitalism. they need to run for reelection in 2018, so you have a lot of different things happening here. that's why it has gone from tax reform to tax cuts. it's so complex, convoluted that there's lobbyists digging their heels in. look at the border adjustment tax. that came out in january, and there were special interests fighting both sides. there's severe economic implications, especially for consumers here in the united states. charles: david. >> i have to tell you, i have never seen a more ineffective body on this. the republicans need to start taking bite size pieces out of this. you're not going to solve this 70-plus year behemoth with all
of these special interests written into it at one time. you know the proposal we put out there, the three easy pieces initiative, which can be done by 51 votes in the senate and give us single individual and couples filing. give l corpse and s-corps and a repatriation amount. the revenue generated from that can be used -- when they start talking about revenue neutral, it's bs. when they start talking about we need to pay for the cuts, it's in large part bs. . charles: well, but the last eight years, that's all republicans talked about was run away debt, the fact that it was killing -- going to destroy the future of our grandchildren. that no longer applies? >> no. it still applies, but what do you do? first, you take growth. we're now at over 2.5% of consistent, steady growth. we're projected to go closer to three and a half, maybe 3.2 to three and a half. looking at the last quarter,
that will be readjusted in january. however, that growth means something else. that means we're seeing growth in sectors in america that means better consistent jobs. that increases tax revenue to the government. that creates a -- charles: that creates a virtuous cycle. kevin, do you buy into that? >> yeah. i think what we're seeing here is small businesses and big, large corporations; right? and so they've actually benefited from the easy monetary stimulus. they don't care about the tax code; right? so they have no investigated interest in simplifying that tax code. that's why when we're talking about the corporate rate. if we cut it down to the worldwide average 22.5%, that will be a boom. that will generate so much revenue because small businesses now can reinvest in their businesses, do more hiring, and that will help stimulate the economy. charles: and, of course, we have to remember a lot of these small businesses file as individuals. we must look out for them in this next tax bill, no matter what. we have to look out for them. >> and the president has made it very clear, as he did yesterday in naples, this is what we do. we go get the middle class.
charles: but we have to take care of small businesses, and i'm not hearing that enough. i've got breaking news for you guys. from equifax. you know the company in the news for the last two weeks? well, now they're announcing that two key executives are leaving the company. this after the massive data breach impacting 143 million customers. equifax chief information officer and chief security officers are retiring. they have been replaced effective immediately. the company says an internal investigation that was on going, and that it will continue to work with the fbi in its probe. isis claiming responsibility for the explosion on that london underground today. we'll ask rob o'neill. you know him. the former navy seal who shot osama bin laden. he's next y managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions
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. charles: isis claiming responsibility for a terrorist attack in britain this morning where improvised explosive device actually exploded on the london underground train. it injured 29 people. now, none of the injured are thought to be life-serious or life-threatening conditions. but they did suffer, in fact, some suffered flash burns or worse. president trump addressing that issue and the attack a few hours ago at joint base andrews. trump: our hearts and players go out to the people of london who suffered a vicious terrorist attack today. i spoke with a wonderful woman, british prime minister teresa may this morning and relayed america's deepest sympathy as well as our absolute commitment to eradicating the terrorists from our planet. charles: this is the fifth terror attack in britain this year. here with us now former u.s. navy seal and the
operator author rob o'neill. rob, thanks for joining the show. >> thanks for having me, charles. i appreciate it. charles: you know, this -- i think when you see this and, obviously, apparently maybe it went off too soon. or it was just poorly designed. but when you think that the target, subways and how easy it is, how, you know, it's just something that it makes everyone believe that anything or anybody can be a target. >> yeah. it's terrible. this is on their subway at their rush hour when it's, you know, coming in with a timer on it. it's scary to see an improvised explosive device being made in london. i mean, they're sear. these are inspired by the militants that, you know, we're fighting in the islamic state and syria. it's being taken back now piece by piece. but what isis is saying is they need to step up more attacks in west europe and here. it will be here in the united states at some point because they said morale's low, and they need attacks to bring morale up to keep recruitment up. so they're going to use a lot of -- this is a semi-sophisticated attack. they didn't do it right. flash burns. it didn't do low order, but
there wasn't enough pressure to make an explosion, make the energy dissipate that fast. but the unsophisticated stuff is going to come too. there was a hammer attack today on two women eating lunch in france. a knife attack on soldiers. these are all radical islamic sympathizers that you see. you don't need a lot of planning. you need a gun, a knife, a hammer, we've seen it with trucks, all kinds of nastiness, and they're out there. charles: well, do we take any -- not comfort but solis in the fact that we're beating them back significantly on the battlefield, reclaiming a lot of ground in the middle east and other places and that this is an act of terrorism. i mean of desperation, rather. in other words,, listen, it's frightening, you kill people. but they're down to flash bombs and hammers. >> it is a good thing because the way they were recruiting so well is because of the belief in the caliphate. they were the first radical islamic group to make -- to do achieve the islamic state with a capital that was elected. but now that we've proven that
that's not the case, the -- what they're looking for their history from the -- their version of the koran, that's not the case anymore. but the problem is now they're leaving syria and going back to their home states. there's a lot of foreign fighters, especially from europe that are going back home now because they even captured american. they confirmed today a american was fighting for isis in syria. so it's -- charles: speaking of syria, what happens when raqa falls? >> well, they have already fallen. it's so complex over there right now. we took mosul from isis, it wasn't we didn't take it. a lot of the iraqis, sort of the iranians. so now you've got the problems that the radicals a different version fighting with hezbollah too. it's a mess over there. we're -- charles: well, we've made some great strides, though. >> we've made great strides there but the iranian influence, you're going to get saudi arabia involved because they have people fighting the
hewitty rebels there. it all comes back to the civil war. it comes back to the sunnis, shi'a civil war that plagued us in iraq once we took saddam out. there was a lot going on. charles: rob, thank you so much. meanwhile, hurricane relief underway in florida. the mayor of ft. lauderdale will join us. next where to get in... where to get out. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. it's a highly contagious disease that can be really serious... especially for my precious new grandchild. it's whooping cough. every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated.
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. charles: right now, there's a massive relief effort underway after hurricane irma that devastated a large part of florida. mayor joins us now. thanks for coming back to the show. give us an assessment. how is your city doing? >> well, i tell you. what a difference a week makes. you know, when we were talking last time, we were waiting on this storm to hit and then the storm hit, and we're doing okay. we're recovering -- we've got our airport open. both airports open here. we've got the seaport open.
opened ft. lauderdale beach a couple of days ago. so we feel like we're on the road to recovery. we lost over 100 power outages, 100,000 power outages, excuse me. and right now there's about 30,000 left. so florida power and light has done a good job restoring about 70,000 units. we're making progress. charles: on monday, the stock market soared out of the gate because the hurricane didn't live up to the billing. i'm sure that's easy for people not affected to talk about that. but are you happy with the preparations that you made? and do you feel like those were the right moves? >> absolutely. no question that we felt we were very well prepared. we were ready. this is a community that has four or five days to brace for this storm, if you will. and then the storm took a little jaunt to the west of us and some other parts of florida
got hit pretty bad, but i think the time we had to be prepared and the preparations that we took truly made a difference, and we feel that we weathered the storm better than we would have had it just kind of popped up on us without notice. charles: of course, lessons learned include post storm lessons. you talked about power. that was a major issue. i know about 2 million people throughout your state still without power. but another probably one of the more heartbreaking stories out of this is the hollywood nursing home eight elderly citizens passed away. average age 84. one was 99 years old. no one can explain how that happens. but what safeguards do you take to make sure in the future that doesn't happen? >> well, first of all, the legislature needs to pass a law that requires a sufficient back up generator at every single home that houses the elderly like this. and that needs to be a
condition of getting a medicaid contract, condition of getting approved. so i think that's the first step. i spent eight years in the legislature, and i know that's what needs to be done statewide on that. tragic situation. we immediately sent our fire department out to every single home in the city that did not have power to check on all the residents after that took place. and thankfully, that was the extent of it. but just a tragic situation, and there has to be better monitoring of these homes before, during, and after the storm. we've got to be able to go in there and say, look, what safeguards do you have in place if you're without power for a day? two days? three days? and this facilitate did not have the safeguards in place, and it's a tragedy. charles: mayor, i want to say congratulations to you and your colleagues did an amazing job and god bless you guys as you rebuild. we appreciate you coming on tonight. >> thank you and thanks to all the support we're getting around the country. it's really been a very enlightening and rewarding experience to see how well people pull together as americans.
charles: absolutely. meanwhile, north korea's ruler promising to complete his nuclear weapons program. but would our military be ready and even capable if we had to get involved in a serious fight? that's next liberty mutual stood with me when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance. with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? ..
from all who threat' our way of life. this includes the regime of north korea which has shown it utter contempt for it neighbors and the entire world community. after seeing your capabilities and commitment today, i'm more confident than ever that our options in addressing this threat are both effective and overwhelming. charles: president trump saying our military is more than capable if they need to be. this is on the heels of north korea's latest missile test that flew almost 2,300 miles over up
to the sea of japan. moment ago kim jong-un putting out a communique, or something coming out of north korea that their goal is equilibrium. >> he always said he want to have a nuclear weapon. he want to be part of that club. but he says he doesn't want to hear anymore about the threats from military action. charles: you think he's starting to blink? >> i think he may be starting to blink. we need to keep the pressure on. fred fleitz is with us.
obviously north korea has seen bridge ranseen -- that belligerence knows no bounds. >> i think the north koreans have seen years of up s. administrations passing u.n. security council sayings and not enforcing them. but we have a national security advisor say that we have military options. and i hope it makes a difference with china's help. charles: we have had training missions and it remind us how clipp dated this military is president trump inherited -- how
delapidated our military is. are we capable of carry this out? >> there are readiness issues in every branch of the services. there has not been sufficient spending on aircraft and ships. our nuclear deterrent. the average nuclear weapon in our deterrent and we cannibalize old weapons to find parts for some of these weapons. there is a lot we have to do to bring our military up to speed. charles: president trump will be at the united nations next week and he will call on other nations, including south korea to step up the pressure. >> i'm impressed with south korea. they said bring it on with the
sanctions and military pressure. charles: will we write a big check to north korea? >> we need sticks and carrots. charles: it was a record day on wall street. the dow and the s & p at all time highs. i hope you are making your portfolio great again. ped to open my own salon. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and she prescribed lyrica. nerve damage from diabetes causes diabetic nerve pain. lyrica is fda approved to treat this pain from moderate to even severe diabetic nerve pain. lyrica may cause serious allergic reactions, suicidal thoughts or actions. tell your doctor right away if you have these, new or worse depression, unusual changes in mood or behavior,
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of this party lost faith in supply side economics. ray gain lifts the nation out of a decade of darkness. he decided morning in mayor ask could be a -- morning in america could be achieved and it was a major success. tax rates dropped to 25% from 70% and tour economy took off. 3.5% for 8 years, then 7.3%. full participation rate', 66%. now his greatest regret was the
national debt increase. but most of it was to build the military and defeat the soviet union. ray gain saved the nation so much, you have to wonder why there is resistance to this. why are republicans antsy about the thought that this mr. spur the economy? >> when you look at all the details and tax codes create winners and losers, they get nervous. whether it's about the standard deduction. many people are worried about the deficit. one thing floated this week is trump wants democrats on board. he may be willing to give them
infrastructure deals. if you do that, it will add a lot to the deficit. charles: is the market concerned about the ultimate deal so much as getting something done? >> you basically have seen a bunch of fed governors say we are going to be focused on the data. so we are probably not going to raise come december. tax cuts would be icing on the cake. you haven't seen it baked into the forecast going out to next year. they baked it into a less than 20% chance. they roll off and that's the issue. tax reform it seems will not impede rights because they know it will be permanent. that's why you are seeing the market focus on what's happening on the monetary side. infighting in washington is
discouraging because you are seeing a lot of senators as well as people in the house saying i want the state and local deduction still there. >> whether they will be permanent cuts versus temporary is a big deal for businesses. >> it's an arbitrary number. it could be 20 or 30 year number. >> and they will take tax cuts. but when you talk to business leaders, it's not that they don't think tax reform won't get done. so a little bit is baked in. >> it's basically disingenuous to say they need to start with healthcare. charles: we closed at all-time highs. now we are seeing stocks left for dead. >> the rally is continuing and the reason the dollar is getting
weaker. look at small caps not doing well. they need the dollar to be strong and they need tax reform to come through. >> north korea could change that. we'll see what happens. charles: i have the full report on why ray goneomics works -- reaganomics works. think your large cap equity fund has exposure to energy 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,
various media saying the president said reid's tweet violated their policies. people are dumping them in record numbers. people say espn has become too political. but it seems politics has taken over everything. has politics completely killed leisure? even superman is protecting illegal immigrants from the bad americans these days. where do i go for some leisure? >> i would say pick up a book. there is an interesting poll that came out in may where companies say they feel under pressure to take a political stand.
but consumers hated it. half of apple's consumers said they don't like it. there are consumers that avoided a brand or boy cod it. charles: you look at espn's numbers. there is something more going on. people stopped watching it. i know i stopped watching it. >> look what happened. espn is like the mtv of sports. people don't want politics. they want to go there for leisure. i want to point out something. jim brady the you be editor at espn tweets out the issues raised by this controversy for espn are complex and worthy of discussion. what does that mean? they are trying to walk off the
fact that someone wrote what tens of millions of americans disagree with about white you supremacists in the white house. >> i think we are seeing a lot of case. the nfl. there is another poll out that the drop in 8% is because people did not like "the national anthem" protest. and consumers are punishing them. charles: protesters are amassing after a white police officer was acquitted related to charges for shooting a black driver.
reporter: last hour it has gone the hostile. i want to show you the scene at clark avenue and tucker boulevard in downtown st. louis. we have a line of officers that pushed off to this point. just around the block, about 35-40 minutes ago, a number of protesters jumped on top of a police car and started throwing rocks and bottles at the officers. you can see now they things have calmed down. you have got a band out here. they are playing music. we are talking to some of the officers. at this point it's relatively calm. it's important to keep in mind this started early this morning
when the judge issued a not guilty verdict. this is a by product of the hostility they had from ferguson. this case has been percolating below the surface. there hasn't been a lot of national media attention. all these members of law enforcement are flooding the street with all these protesters who do not agree with the judge's decision. charles: we have seen a method where it looks peace new when the sun is out. then all of a sudden the bad guys come out. from what we have seen in ferguson, that would be enough if there is attacks we have seen in the past.
many have board up their windows. 0 miles north of where we are right now. some of the businesses there have board up. i want to point this gentleman up to you. he got some milk in his face because he was hit with pepper spray. they came with milk in hand to try to make sure they could take out the stinging in their eyes from pepper spray. so some were prepared to have these confrontations. the sun is going down in downtown st. louis. charles: next we'll talk about the fallout after a federal judge rules against the trump administration on their financial punishment of sanctuary cities.
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...in every direction. what's in your wallet? charles: a federal judge ruling u.s. attorney general jeff sessions cannot with hold federal fund from sanctuary cities. here to discuss, a border patrol agent, and sheriff. it's already a major affront to most of americans that you have law enforcement agents across the country and their mayors encouraging or violating federal law to begin with, and now this ruling. >> this is disappointing. but i think in a few months we'll see legislation to change
all that. the american people are scratching their heads trying to understand how rahm emanuel and these other mayors around the country are celebrating the idea they are keeping the people they are supposed to be protecting less safe by fating this issue to keep sanctuary cities and provide harbor for these criminals. charles: when these ruling happen, they are probably tossing confetti in rahm emanuel's mansion. but it's you the border patrol agent, it makes your job harder, doesn't it? >> it does. it's a shame something like this has to occur to make us safer down the line. it's the little set backs like this that constantly throw a monkey wrench in the system. charles: the house passed a bill
to deport illegals with gang ties. if you committed to putting the ms-13 tattoo on your forehead. you may present a danger to someone. do you worry they are saying you are not giving people due process according to the law. >> they are not joining the little rascals. they are joining vicious gangs with the clear intentions to murder cops and law enforcement and harm people in their communities. in new york they are taking machetes and lopping people's heads off. if you are in a gang and participating in activity like that. you are not an american citizen, you ought not to be in the country to carry out those crimes. charles: governor cuomo of new
york put goals to combat this ms-13 crisis. we know if someone is committed to them, you can't leave them, so they are committed to committing crimes against our country. >> let's hope that we can get this pushed through the house and get this done. fortunately the trump administration has lost key people, intelligent business-minded people. and hopefully we can manage to get these things done and get the laws passed through. >> before i let you go, how confident are you that we can beat back this threat. i'm shocked how widespread this gang activity has been. >> i'm confident it can be done. the law enforcement, the agents,
whether it's federal, state or local are committed to it, long we have the political backing to get our job done we'll do that. charles: have a safe weekend and now here is lou dobbs. lou: president trump extending his reach, his influence over the nation's capitol, reasserting his control over the agenda and setting conditions for whatever agreement may result on capitol hill on important issues, whether the war on radical islamist terrorism, daca or border security. president trump referring to radical islamist terrorists today by name and making it clear to all that chain migration will not be part of any deal that they legislate in the coming months. the