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tv   Shepard Smith Reporting  FOX News  November 9, 2016 12:00pm-1:01pm PST

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thank you so much. great to see you today. our fox team did a great job. let's hand it off over to shepard smith next door in studio. see you tomorrow. it's noon on the west coast. 3:00 p.m. in new york city where today donald trump woke up as president-elect of the united states of america. one day after the most stunning election upset in american history. for his supporters, it was a day of celebration. of jubilation. of affirmation of all they believed. for his opponents, it is a day marked by devastation, tears, and questions of how this happened. but today americans will do what we do every election, attempt to put aside differences and come together around our new leader because our peaceful transition of democracy is the tradition that has stretched across
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centuries. today we'll look at what happens now. you'll hear from the trump team and from hillary clinton herself, and we'll look at the effect this election has on markets, on foreign policy, on health care here at home. as our nation looks to heal its scars and mend its fractures, earning a bruising political process and as always, looks to move forward so let's get to it. >> announcer: now shepard smith reporting live from the fox news deck. >> first from the fox news deck on this new day in america, millions were not happy. the media would not listen. hard working people in america's heartland and beyond wanted more out of our nation and more for their lives. the analysts and pundits did not seem to notice so many americans were sick of the system all of the politicians and their broken promises. still pollsters did not hear them. never again.
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the so-called silent majority sounded a screeching wake-up call and a warning that they are silent no more. the champion of the disaffected donald j. trump, a billionaire who never before served any public office, will now be president of these united states. in the end it was not even close in the electoral college. fox news decision desk has donald trump with 274 electoral votes right now. but with michigan, arizona, and new hampshire still too close to call, donald trump could pass the 300 mark. as for the popular vote, hillary clinton has a slight edge of about 200,000 votes. small consolation for a woman who has now run for president twice only to have a rival stun the political world by snatching it away. today secretary clinton addressed her staff and her supporters, admitted her disappointment, but called for unity in our deeply divided nation. >> this is painful, and it will
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be for a long time. but i want you to remember this. our campaign was never about one person or even one election. it was about the country we love and about building an america that is hopeful, inclusive, and big hearted. donald trump is going to be our president. we owe him an open mind and the chance to lead. our constitutional democracy enshrines the peaceful transfer of power, and we don't just respect that, we cherish it. >> secretary clinton's remarks echoed donald trump's own speech last night in which he praised his one-time rival. >> we all want what's best for this country. that's what i heard in mr. trump's remarks last night. that's what i heard when i spoke to him directly. i was heartened by that.
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we all go forward with the presumption of good faith in our fellow citizens because that presumption of good faith is essential to a vibrant and functioning democracy. that's how this country has moved forward for 240 years. that's why i'm confident that this incredible journey that we are on as americans will go on. i'm looking forward to doing everything that i can to make sure that the next president is successful in that. >> president obama with a voice that had seen a difficult night reminding himself of what donald trump had said speaking of humili humility. >> she fought very hard. hillary has worked very long and very hard over a long period of time, and we owe her a major
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debt of gratitude for her service to our country. i mean that very sincerely. now it's time for america to bind the wounds of division. have to get together. to all republicans and democrats and independents across this nation, i say it is time for us to come together as one united people. >> still, make no mistake, the outcome of this election is a repudiation of president obama's time in office, one that leads his legacy very much on the line with republicans holding onto both houses of congress, donald trump's promise to repeal and replace obamacare is a real possibility. that's just one example of how the nation could be headed in a dramatically different direction. in 71 days, donald trump will take the oath of office for the most powerful position in all
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the land, challenged to become not only a leader for his loyal base or the republican party he now firmly controls, the task now to become president for all americans and to bring our divided nation back together. we have team fox coverage. jennifer griffin live in new york city where secretary clinton gave her concession speech. let's go live to trump tower in new york city hope of the next president of these united states. what did trump's team see that everybody else seemed to miss? >> reporter: well, first of all, we got to remember that we talked about a lot the margin of error is plus/minus. 3 1/2 could be a seven-point gap. that definitely happened. even the trump campaign's own internal polling reflected what the public polls reflected. what mattered was trump's appeal to working class white voters across the country and their ability to find them in some of
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these blue states and for that, they use social media and bigal. they put in things that appealed to trump supporters in the primaries and went to minnesota and to wisconsin and to michigan and new hampshire and they searched that data. they searched those social media accounts. they buffeted them with e-mails. they buffeted them with information and then trump went there in closing days of the campaign. he didn't go there early. he went to michigan a few times but not wisconsin. in the last week he timed that momentum that started when the announcement was made by the administration that the affordable care act premiums were going to go up next year followed by the reopening of the e-mail investigation. those two things focused on donald trump. he caught a wave and surfed it right into the white house. >> he well did. trump and clinton were gracious with the results. any indications democrats will be willing to work with the coming trump administration?
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>> reporter: well, the loss they suffered last night requires the democratic party and its bra brain trust to figure out what they missed too. there will be blood letting as a consequence of this. the wikileaks that made public the types of backroom discussions that all political parties have has done tremendous damage to the democratic party. there may be some democrats that are eager to work with a trump administration specifically because they recognize they got slapped last night. and so that's the first thing. the second thing is it's up to donald trump and his ability to keep the republican congress in check. they now control both chambers of congress and the white house so as you say, they could advance an agenda. that's what's so important with the transition. the transition is something that is absolutely huge job and will begin to illustrate what his first 100 days will be about, what the administration will look like. thousands of jobs to fill.
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now comes a real sprint because one of the things that trump ordered in the closing weeks of this campaign was that the transition chairman, new jersey governor chris christie take about half of the 150 employees they had working on it and put them into the campaign so they could win at first. wouldn't do good if they lost. so they have a lot of work to do and how the transition plays out, we expect that he'll go to washington tomorrow. the president has an open invitation to meet with him tomorrow and then from there he may start making a few speeches to talk about what exactly the first 100 days will look like. >> nap time yet? >> reporter: not yet. a few more days. maybe more. >> indeed. what great journalist. thank you. hillary clinton and her team recovering from last night's historic upset. clinton's running mate tim kaine had tears in his eyes as he introduced the former secretary of state this afternoon saying i'm proud of hillary because she loves this country. senator kaine also pointed out
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hillary clinton is leading the popular vote even though donald trump won more than 270 electoral votes to win the white house. clinton could become the fifth presidential nominee in u.s. history to lose the election after winning the popular vote. as they put it from the white house today, everybody knew the rules going in. jennifer griffin live in manhattan where secretary clinton delivered her concession speech. good afternoon. >> reporter: good afternoon. we were inside that ball room behind me in the hotel. it was clear this was a hastily ara arranged speech. i'm not sure we believed she was preparing two speeches or that her staff believed it until last night. in fact, inside that room there were a number of staff who were crying. a lot of tears. hillary clinton herself and the wife of tim kaine came out wearing purple in an effort to say the country needs to come together, red and blue.
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purple is what they chose to wear did. she did not end up breaking through that highest hardest glass ceiling but here's what she said. >> to all the women and especially the young women who put their faith in this campaign and in me, i want you to know that nothing has made me prouder than to be your champion. [ applause ] now, i know we have still not shattered that highest and hardest glass ceiling, but some day someone will and hopefully sooner than we might think. >> reporter: donald trump ended up redrawing the political map
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in this country. he proved the pundits wrong. he proved the pollsters wrong and in the end it was not the narrative of shifting demographics that led to a clinton victory. it was instead that working class voter in those rust belt states who delivered the election to donald trump. it will be something that the historians look at for some time to come. one thing that is notable coming out of the exit polls that we've seen so far, donald trump did in the end manage to win 10% of white women voters over hillary clinton. she won more women voters than donald trump but it was the white women who helped put him over the edge as well as, of course, those working class male voters. back to you. >> jennifer griffin at the end of a long campaign. so proud of you. thank you. researchers and historians will for decades debate why some of the polling got it so horribly wrong this election season from the national surveys to the swing states, all of the metrics. lots of major polls pointed to a
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hillary clinton victory last night. almost all of them. some analysts say the polls did not account for the so-called undercover trump voters who maybe were embarrassed to say they supported the republican nominee or maybe no one was listening to them in the rural areas of america where they came out in numbers we've never seen. the florida panhandle. others say turnout was lower than pollsters effected while trump beat turnout predictions. the exit polls show white women and evangelicals came out for trump in a big way. let's bring in the associate editor of the wa"the wall stree journal" newspaper. to live ten story lines in a night and watch it unfold in this great american experience was extraordinary. >> it was remarkable, wasn't it? you know, it may have come down also for the pollsters. they are wondering how did we get this wrong? there was an "l.a. times" poll that got it right.
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most got it right. one factor was that, look, he was a controversial character. he was saying stuff that was -- >> didn't sound like our america. >> didn't sound like our america and it wasn't like our america and it was vulgar at times and he was talking about assaulting -- sexually assaulting women and all that got some voters in a position when someone called them up said i haven't decided. >> don't talk to me. >> i'm not going to say i support trump when in fact they were supporting trump. >> and yet i'm in a reality where i look around my neighborhood, what are my kids going to do? the factories are closed. schools are deteriorating. i've been talking to politicians for years. nowhere to put them. i don't have any alternative. i tried last time. it didn't work. i have one thing to do. i'm not going to talk to you about it right now. we have to have a change. that's what i'm doing but i'm not telling you that. >> that was it. they didn't vote for obama or mitt romney the last time and the presumption for some
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pollsters were they were unlikely to vote again but they were waiting for that type of candidate to come along that they engage with. here's another polling instance. the markets sold off. we were watching this thing as trump got closer to winning. the markets went from -- futures index on dow and s&p with futures down 300 up to 800 points. now take a look at it. >> we're up 300. >> i figure that was for months we've been hearing from the smarty analysts of finance that if he's in there, everything is going to hell. nobody thought he was going to be in there. any never really thought of it. when it went to hell, all of the people that move money said everything is going to hell. sell, sell, sell. and they woke up and said, oh wait. the sun came up. wait. the american process endures and the fundamentals are still the
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same. buy it all back. >> a lot of that happened. part of it also was that they were ready for the status quo in a clinton administration it was gridlock in washington and they would deal with it. they heard him talking about positive things like tax cuts for 35% to 15% for business. they liked it but they haven't metabolized the decision making because they didn't think he would be get elected. that money oversea overseas, it fund some of the infrastructure spending he wants to do in the united states. all of these things seemed airy because it's not going happen. today comes along and they begin to think about it and this is partly the result of that. but also, some businesses, boeing, proctor & gamble, sponsored a letter -- >> the market hit a brand new high never before seen in the history of this nation.
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>> they wrote a letter. a great deal of anxiety within business. polling within business isn't over yet. the polling got it wrong or maybe just overreacted last night the way human emotion gets into it or overreacts at times. >> where are we now? i would assume there's a period of volatility. uncertainty. change. markets get weird when that happens. >> business community particularly will look for signals. who are you going to put in charge of treasury? who are you going to put in charge of commercese jobs being to surrogates that did your job for you in the field but aren't necessarily qualified to, you know, to do the jobs or are you putting people in there that business and that the public can feel confident in? is there an opening up, comments last night, i have to reach out and make sure everyone feels part of this administration. it was a quick summary of that. he didn't dwell on that. as long as perhaps those who had lost might have wished he had
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dwe dwelled on it. if there's more of that e expressi expression, things begin to settle down. >> thank you for your participation on the fox broadcast network last night. >> quite historic. >> more on breaking news on "wall street journal" ahead. dow at one point down 750. futures were. we just hit a high that has never been seen in the history of these united states. the dow has never, ever been that high. what exactly is going on? the changes that are ahead. we'll check in with the fox business network next on this wednesday in america.
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stocks bouncing back in an enormous way after taking a dive as the race for the white house dragged on last night. over here a look at the overnight lows. the dow futures, would you look at that. dow futures as we were up in the middle of the night up in here down 867 points. the dow off 4.74. s&p, broader index, this is the s&p tells us more about the economy as a whole, our system as a whole, everything else. it was done 5%. the s&p. nasdaq futures, tech heavy, look at that. also down 5%. nasdaq down 248. that was middle of the night. would you look at it now. the dow is in territory never seen in the history of the united states of america. record highs across the board in all the indices. dow itself we have never ever seen this. and last night we thought the whole world was burning down. aren't we stupid?
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the fox business network with the news. what is doing this? >> so you know the phrase buy the dip, buy low and sell high. it got real low last night so everyone piled into this market. so we hit the magic number for a record close if we old above 18,636 a new record high for dow jones industrial average. what was interesting to me around 3:00 in the morning when trump was wrapping up his victory speech, markets seemed to stabilize then and it's been a steady climb. after clinton conceded earlier today, you really saw stocks dig in and gain traction and, look, dow is up over 300 points. just over half hour left in the trading session. as wrong as those pollsters were about the outcome of this election, the financial analysts didn't do too much better on this one. >> during the process last night, before anyone called the election just as the trends were coming, the asian markets were collapsing, they were sending
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out warnings across europe. it was cataclysmic. >> it's important to point out asia closed 5% lower and that was before trump spoke early this morning eastern time. so look for asia to rebound. europe is stable. this has been a fantastic reminder for europeans of brexit. we get all of these polling shocks. so can't always believe what you read ahead of time. >> obviously you can't. so what does this mean for our savings, 401(k), big picture? >> a couple points. we're seeing interest rates rise today. if you have a lot of cash, that's good. you're saving money. interest rates get paid more for saving money. in terms of 401(k), same advice. step away. leave it alone. i know we're at record highs here but it doesn't mean that more volatility is not ahead because there's still a lot of uncertainty. just look at the mexican markets. mexico is still a little bit
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nervous about trump with trade and immigration policies. peso got crushed. that's one example of emerging markets. so just don't know how it will all play out longer term. many of my colleague here is at fox business are pointing out that trump has a very solid pro-economic growth plan and with a republican majority in congress too, looks like he'll put that plan in action and that could mean good things for u.s. based businesses. >> it certainly does. all of the way around. optimism is the word of the day. thank you so much. so with control of congress and a resounding win for the white house, do republicans now have -- what's that word they use? a mandate. how does donald trump bring together those who fought against his candidacy so hard? also what now for democrats? what are democrats? clinton legacy? obama legacy? democratic party is in tatters.
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we'll talk to political strategist from both sides and a look at what could happen with the united states supreme court under a president trump. we're not talking about just antonin scalia. there is so much more. i thought i married an italian. my lineage was the vecchios and zuccolis. through ancestry, through dna i found out that i was only 16% italian. he was 34% eastern european. so i went onto ancestry, soon learned that one of our ancestors we thought was italian was eastern european. this is my ancestor who i didn't know about. he looks a little bit like me, yes. ancestry has many paths to discovering your story. get started for free at ancestry.com when they thought they should westart saving for retirement.le then we asked some older people when they actually did start saving. this gap between when we should start saving
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and when we actually do is one of the reasons why too many of us aren't prepared for retirement. just start as early as you can. it's going to pay off in the future. if we all start saving a little more today, we'll all be better prepared tomorrow. prudential. bring your challenges. a gunman in california was on a cocaine binge when he started shooting randomly at people in his neighborhood. that's according to police who say the man killed his 77-year-old neighbor and badly hurt two others. happened yesterday about 20 miles northeast of los angeles. police say officers shot and killed that suspect. a hot light bulb fell onto cardboard at a steel mill in new york starting a huge fire. this is just a few miles south of buffalo. black smoke billowing into the sky even after firefighters put out the flames.
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they told people in the area to shelter in place. no injuries were reported. a trolley crash in london killed five people and hurt more than 50 others this morning. police say they arrested the driver and were still working to free people from the wreckage. investigators say they do not know what caused that crash. the news continues with shepard smith right after this. see me. see me. don't stare at me. see me. see me. see me to know that psoriasis is just something that i have. i'm not contagious. see me to know that... ...i won't stop until i find what works. discover cosentyx, a different kind of medicine for moderate to severe plaque psoriasis. proven to help the majority of people find clear or almost clear skin. 8 out of 10 people saw 75% skin clearance at 3 months. while the majority saw 90% clearance. do not use if you are allergic to cosentyx. before starting, you should be tested for tuberculosis. an increased risk of infections and lowered ability to fight them may occur... ...tell your doctor if you have an infection or symptoms... ...such as fever, sweats, chills, muscle aches or cough.
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and then work with democrats to go in our nation. it should be fun. julia is a democratic strategist and morgan is a gop strategist and national co-chair of maverick pac. a political action committee that works to get young professionals into politics. we covered this on the fox broadcast network together last night. you really weren't so much partisans as observers of an incredible political experience. now as the losing group, how do you feel? >> like a big loser. thanks for pointing that out. look, i was wrong. i think a lot of people were wrong. i certainly was wrong. i kept saying for months math would be math but the numbers are numbers. i was wrong. >> because it had always been right. >> it had always been right. sometimes there's a first for everything and we had a first for everything. congratulations to donald trump. look, i'm of belief and some of my fellow partisans don't agree but i'm in belief as you
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introduced the segment, he's our president. one president at a time. we should unite behind him. i intend to work to support him where i agree with him and loyal opposition when i don't agree with him and that should be the case for everybody. we don't need reflexive let's oppose everything donald trump does when democratic party doesn't work. they need to work with him where they can and disagree with him where they can't and give team another choice in two to four years. >> make true voices known whatever they are. >> what are true voices of the democratic party, nobody knows. >> there is no united voice. your party is in tatters. >> no question. my party is in tatters. the republican party is slightly behind us in being tatters only because there's a wing of their party that needs to come to terms with the fact that a lot of -- their task is easier. if you look at what remains of the democratic party, is it the party of bernie sanders? is it the party -- >> of chuck schumer. >> is it the party of a
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particular candidate who never really endorsed named elizabeth warren or a moderate something left? >> i don't know. back in 2004 out of ashes of john kerry's candidacy arose barack obama. state senator gave an incredible speech who nobody knew. who knows. could be cory booker. could be somebody like that in four years. somebody we don't know. some state senator in oklahoma for all we know. >> that's the democratic side. morgan, how are you today? >> we had the full monty last night, right? this is what every party, what both parties hoped for, to control three houses of government. so i think i'm still shocked because we were concerned about the presidency. we were concerned until 8:30 last night about keeping the senate. so i think that we're all still trying to process the historic gifts that the american people have given to us. so what i really feel as a republican today is humbled. because i feel like the american people have totally repudiated the policies of barack obama and
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of hillary clinton and they have handed us a gift. what to me as a republican what is so important going into the next year and into president trump's first year is what are we going to do and come together as a party? i do not believe that we can have the never trump crowd and pro trump crowd going after each other. we can't have people in the party going after trump. we need to take a cue from what george w. bush and other leaders of the party did today, which is they called to congratulate president-elect trump. >> is john kasich welcome? >> you know, he's not -- he's a sitting governor when it comes to what happens in washington. >> john kasich is a long standing proud republican. john kasich is man who went to ohio, turned ohio around. he was a leader within the party. he thought better of this experiment and now is john kasich welcome? >> i think everyone is welcome in the party. we should not be picking winners
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and losers. donald trump won last night. this is his republican party. >> or did the establishment lose? was this a vote for donald trump or a vote against whatever was making people ill? >> i'll argue that this was a vote for our party and that we need to coalesce around this historic opportunity that we have. when we look at what's at stake, we have to replace scalia. thank god we have the opportunity to replace him now. >> you do not have the 60 majority to allow it to go through smoothly. we have obamacare which mitch mcconnell said he'll have to deal with. i don't know if there's anyone satisfied with obamacare and rising premiums. on foreign follopolicy we have iran deal that stinks to high heaven. i talked to people in congress talking about reapplying sanctions that expired on iran. >> without the rest of the
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world? >> that's fine. that's what leadership is for. that's why you don't let the middle east go into chaos like it has over the past eight years. >> everybody is going to get along, right? >> we are going to get along. >> i love julie. >> i remember eight years ago being on the national mall the nation was in tatters. stock market at a record low. institutions were collapsing around us. no unity in america. we stood and watched this peaceful transition of power and the world watched in wonder again as over the centuries america has always done this and now we stand divided again and on january 20th, we will stand on that mall and watch peaceful a shining example for america the world again. i'm proud to be an american. >> on january 21st, mexico is going to have to build that wall. mexico is going to pay for it. we'll deport all illegal immigrants and destroy isis. i can't wait for those
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commitments to come to fruition and to weight for the republican party, you break it, own it. you guys own it. you broke it. you own it. i'm going to sit back and watch the republican party come through on commitments they made to their voters and took literally that donald trump is going to do everything he said he's going to do. >> it eventually becomes transparent. thank you internet. now we'll do it again as we always have. i'm excited to document it. we all are. thanks for staying up late with us. >> any time. >> donald trump presidency and republican controlled congress could mean big changes in the supreme court. not just antonin scalia. analysts say the election destroyed the democrats chances for a liberal majority. it's over. republicans now have a chance to set up conservative leaning supreme court for a generation. back in march, president obama nominated the federal judge to the high court after conservative justice antonin scalia died. he has still not had a confirmation hearing.
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longest wait for any supreme court nominee in the history of our republic. republicans in the senate refused to schedule a hearing saying the next president should fill the seat. let the people speak. ed henry with more on this live in washington. it's not just one seed potentially there are more. >> there could be maybe two or three more after that. right now democrats not happy because they say he was a moderate jurist that president obama put up and not only did he not get a hearing, because of that he didn't get a simple up or down vote. you mention senate republican leader mitch mcconnell said again today at a news conference that it's extremely rare for a president to get a court pick of any kind in an election year when the opposite party is controlling the senate. so he basically is making no apologies, mcconnell, that they blocked the garland nomination and have no plans to bring it up during a lame duck session of congress here in the final days of this congress and of the obama administration. there's some chatter that during that lame duck in the days
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ahead, president-elect trump may signal who his new pick would be before he's even sworn in. that may buy him some goodwill with conservatives he's going need for his broader agenda. it's something that's going to stick in the eye of democrats and new democrat leader and others in the senate may be upset about that. >> what are some of the names on trump's list? he made the list public, remember? >> it was unprecedented really. during the campaign he put together a list very specific, 21 names. largely put together by the conservative federalist society so democrats are very wary of this list. one name is senator mike lee of utah. he clerked for senator alito. a lot of people expected because lee is close to ted cruz and it was more about trump reaching out to cruz through lee. this morning lee said he looked forward to working together with trump at least in the senate to repeal obamacare and other matters. justice don willett another interesting name. a texas supreme court justice. he's made very clear on twitter
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he's very active on social media that he's not trump's number one fan and judge diane sykes now serves on the seventh circuit one step below the supreme court. trump made it clear during the campaign he's going to try to move the court to the right. as i mentioned, democrats have a voice in this and are going to try to block him from that. >> ed henry on capitol hill. ed, thank you. some of those who may be disheartened by donald trump's victory can now show some solace in weed. a string of states legalized marijuana last night. could this mark the moment that marijuana starts heading down the road to national legalization? judge andrew napolitano with a look at that next.
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wrap your head around this. pretty soon it will be per elfey legal to get as high as you want in a number of more states including the biggest one in all the land.
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recreational marijuana use was on the ballot in five of our states last night and it passed in three of them and most importantly, it passed in california plus nevada and massachusetts. voters in arizona rejected recreational use and in a maine it's still as they said all night, too close to call. when it goes into effect, really depends on state by state. when it's all said and done, those states will join alaska, colorado, oregon, washington state and washington, d.c. as places where you should smoke them if you got them. those places home to more than 20% of all americans. medical marijuana a different thing passed in three states. in florida, north dakota and arkansas. voters in montana rolled back restrictions on existing medical pot law. so now the medical kind will be available in 28 states and the district. let's bring in andrew andrew.
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i lived in california. they made it illegal to smoke indoors. no one heard of this. new yorkers looked at california and went this will never happen. it swept the nation. it often begins in california. >> california begins a lot of trends. not just social and cultural but often legal. it wouldn't surprise me if this trend begins to move eastward. it's very interesting the way you set this up showing all of the various states all across the country more than half if you combine recreational and medical. and many of this by popular referendum meaning millions and millions and millions like people that voted for one of two candidates last night are in favor of this. under president obama, his justice department has not enforced federal law which prohibits all use of marijuana, whether for medical or for recreational use.
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there are some exceptions to that with federally licensed laboratories. the administration of george w. bush enforced all federal law irrespective of what state law was and when that went to the supreme court, state versus federal, the supreme court sided with federal. because the constitution is the supreme law of the land as it states and laws written pursuant to the constitution. trump, no pun intended, state laws. i mention trump because president-elect has said he will enforce federal law no matter what state laws are. good folks in california who voted for this as well as massachusetts and the other states as well as the states where it's now lawful may very well have the anomaly of local police saying go ahead. state police saying go ahead. and then we have the clash. >> or we may have a president trump who realizes he was not elected by a nation. that is not how we elect.
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individual contests in individual states and elected because people said this is what we want. might a president trump say the people spoke regarding me not in federal but state to state and individuals and they are speaking here and let me think about this. >> he might also say why can't the states be laboratories of democracy and laboratories of cultural change. if nebraska doesn't want to make the change, that's fine with nebraska. if california or massachusetts want to make the change, that's fine with them. what do we care? besides, interesting argument for him if folks are listening now. it will save tens of millions of dollars a year in federal law enforcement costs. >> and in addition, the tax revenues for those with colorado as our guide, tax revenues can be extraordinary because there's a secondary economy which is existing below the current economy through which no taxes pass. >> correct. correct.
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we'll see where this goes. california is going to take a few years for it to be licensed and all of that. california is the rare state where the people can go above their legislature and write a law that the legislature refused to write which is what happened yesterday. >> governor hickenlooper in the state of colorado on "60 minutes" speaking of what have we learned from the colorado experience? what governor hickenlooper said and forgive me for not remembering exactly but his sentiment was we have not studied this long enough. does this protect our children from something we don't want them to have? kids can't get alcohol anymore but they can find all the weed they want because bad guys are selling weed and they're not regulated. that was one of the thought processes and gore hickenlooper said we don't know yet. we'll let you know when we figure this out. we haven't. a social laboratory. >> there are problems with a social laboratory. you can measure blood alcohol content for alcohol.
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they don't have a measurement for marijuana if they stop you for being high while driving a car. there are things the states need to work out. colorado is taking the lead in working these things out. by the time it becomes legal in california, colorado would have tried and failed and found standards to be used. >> americans hated this idea forever. they would go to amsterdam and say they could never work on it. 28 states. >> more than half of the population wants this in some form or another. >> get high. just don't drive. >> where's fluff? >> full grown cat. licking her wounds. good to see you. >> always a pleasure. ahead, international reaction. last night as this was happening, we get urgents on our computers from foreign leaders all over the world. holding a special session here. one country has changed its interest rate. they say they want to be friends with america as their markets were collapsing.
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the reactions are still coming in including from vlad putin. stay with us. oh no, that looks gross whoa, twhat is that? try it. you gotta try it, it's terrible. i don't wanna try it if it's terrible. it's like mango chutney and burnt hair. no thank you, i have a very sensitive palate. just try it! guys, i think we should hurry up. if you taste something bad, you want someone else to try it.
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reactions coming in from around the world. the french president said it opens a period of uncertainty. the russian president, putin, also weighing in. >> does he want to start fresh or is he playing donald trump to get what he wants? the whole time he praised putin.
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he wants sanctions lifted because they went into crimea. the question is, what is he going to give in return? would he stop firing? would he stop propping up the regime? he said this. we understand and realize it will not be an easy path but we are ready to our part to return the russia-u.s. relations to a stable relationship. you have some leery because trump reached out to putin. he criticized nato and trade agreements. >> we have a long-standing endured special relationship. freedom of and enterprise. i look forward to working with
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president-elect trump. >> not what she said a couple of months ago. >> the french and germans both have big elections of their own coming up. the right wing is nipping at both of those people. there is reaction out of mexico. >> whether or not you hayou hav the wall, some authorities in mexico saying this is a national disaster. we need to take steps. others saying a lot of this might have been campaign bluster. cuba, trump saying we want to roll back a lot of openneopenness president obama gave to you. in the middle east net yaholove. you the iran yrairanian presideg understanding in the nuclear
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deal what and there is no possibility it can be changed by a single government. donald trump said no. i hate it and we are pulling out of that. >> a whole new world. we'll see what happens. we'll record it and tell you about it. welcome to new york. it's great to have you back. >> good to be here. >> all right. we'll be right back. are you do? getting your quarter back. fountains don't earn interest, david. you know i work at ally. i was being romantic. you know what i find romantic? a robust annual percentage yield that's what i find romantic. this is literally throwing your money away. i think it's over there. that way? yeah, a little further up. what year was that quarter? what year is that one? '98 that's the one. you got it! nothing stops us from doing right by our customers. ally. do it right. let's get out of that water.
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yeah...r when you said that men are superior drivers? ally. do it right. yeah, then how'd i'd get this... allstate safe driving bonus check? ... only allstate sends you a bonus check for every six months you're accident-free ... silence. it's good to be in, good hands. first thing i want to show you is this newspaper from mexico. this is one of the tabloids down there. it says we're screwed, loosely translated. the hindu. a girl has this card board
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cutout. finally in russia traditional wooden dolls of u.s. presidents includes president-elect donald trump. >> and on this day in 1906 theodore roosevelt became the first sitting president to visit any other country. roosevelt said he wanted to see the construction of what he called the most important foreign affairs project, the panama canal connecting the pacific and atlantic ocean. he stepped outside our borders for the very first time 110 years ago today. we have been following the progress of the dow which was down 800 points overnight. when it actually opened it is up. we are very close to record territory. we have hit record territory and surpassed one that would have been the highest close in the history of the market. people have sold some off and taken their profits but that's a
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good day on a new day in america. our job is to find out and report to you. it always has been. it always will be and that's what we'll do. when news breaks out we'll break in when breaking news changes everything on fox news channel. all right. i think investors have sorted this out. welcome everybody. it is an unexpected historic winner was first greeted when as an opportunity to sell off and off and off and off. what if i told you we had a roughly 1,000 point swing since late last night when it was beginning to look like it was not the way it was supposed to turn out? by day's end we had a very different reaction. the dow flirting with all time

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