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tv   Your World With Neil Cavuto  FOX News  June 29, 2017 1:00pm-2:01pm PDT

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>> neil: wow! what an incredible market day. we were down a lot today. a lot of it, a lot of it on fears maybe the trump agenda, that was long before this whole tweet controversy, was stalling out. we are on top of it because a lot of this has to do with technology. a lot of it has to do with the healthcare rework that just might not come tomorrow. we could be surprised. a lot has to do with republicans just plain not on the same page. stop me if you heard this before. gerri willis has, our star on what is driving this. gerri, what is happening here? >> a day after the president met with the senate caucus, consensus eludes republican
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senators. with no agreement in sight and mitch mcconnell hoping to have a new deal by friday, some are imagining a different end game. senator rand paul suggesting that the caucus break up the repeal and replace bill into two bills. >> i think half of them want more money and half of them want less money. that's why it doesn't work to have one bill. every time you stuff more money in it for the moderates, it offends the conservatives. >> so far republican leadership is using an old fashioned approach using side deals, which is to say dividing up the savings from the health bill among the priority of senators. such a deal could feature $45 billion to address the opioid crisis up from $2 bill in the draft. that would be a win for rob portman. and because conservatives like paul favor health savings accounts, leaders are allowing
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consumers to tap their health savings accounts to pay for insurance premiums. it's not sure it will get passage. vice president pence meet one-on-one with republican senators that voiced objections to the draft bill. while washington reels, wall street stumbling today. the dow by late day down 167 points on a tech sell off that can't be helped by big delays, reforms promised by the administration. as i toss it back to you, neil, the treasury secretary, steve mnuchin this afternoon, giving the market a turn around when he said that tax cuts will be coming. yet again saying they're going to get it done. we'll wait and see. >> eventually you have to follow up on that. thank you,gerri. did we start something when we had mark fauber here?
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he's famous like a market bear. he puts out a report called the dom and gloom report. that will tell you where he's coming from. he's widely respected and his analysis on our show is that we're headed for something bad because technology is going to started imploding and then the rest of the market will follow suit. many might disagree. but when mark fauber said it and put numbers to that, people paid attention. take a look. >> why are you so bearish? >> the nasdaq is at a new all-time high. it's exceeding the high of the 2000s, but driven by stocks are not even in the index in 2000. technology is vulnerable to innovation and new competitors. >> shepard: what he was saying -- fact that he sounds like a james bond villain adds
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to the angst. i know it sounds more like arnold schwarzenegger, but the gist is this. he sees a 40% hit in the market, which would essentially be like halfing the dow if it would happen. not everybody agrees it. days like today are more an aberration than a sight of things to come. the host of "making money" charles payne joins us as well action trader larry there sfg alternatives. larry, you talk on what fauber was saying. we're not only due for this but overdue for this. what do you think? >> well, i think the last two days we're due for it. saying it's not about fundamentals doesn't provide a lot to the guy that has the semi conductor stocks. they're down 40%. the super text stocks have been treated liked they were some type of safe haven or a staple issue. when you have ten-year yields,
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214 monday, 227 four days later, what goes up must come down is being treated like a staple. so be it. that's what we're seeing today. the washout due to the yields going up. >> neil: charles payne, a couple hypotheticals here. i know steve mnuchin and others say they're optimistic of getting the agenda, the healthcare rework cobbled tomorrow and maybe scored by the cbo next week. soon after that, a vote. hearing that the tax cut plan is still on for the fall. what if none of that comes to materialize? what if this is more 2018 if we're lucky 2017? >> the imf answered that question of all people when they lowered this year's forecast for our gdp to 2.1%. next year's forecast to 2.1%. solely saying the trump in the economic agenda the reason for doing that. they raised it big time at the
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start of the year. what i thought was great about mnuchin's comments, he avoided the healthcare thing. le said we're going to get some form of tax reform with or without healthcare. the market erased 70 points of its loss at the time. wall street wants to hear some of this agenda will be put on the board. >> i don't want to go into odd developments. i'd be remiss if i didn't mention this tweet storm the president has started targeting, you know, an msnbc anchor type up, regardless whether you think it's right or wrong, it was a distraction from an agenda that wall street likes. your thoughts on that. >> yeah, i think it's been -- this distraction has worked well. looking way back before he got elected, the fact that he came out, lost billions on this. to everybody else made him appear normal. he lost a billion dollars of his own money. so everything has been a
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distraction. politics has moved from the art of the impact to the art of the improbable. that's what we're seeing now. these things that we think should pass, things that should be so don't come to fruition but yet the market plots along. >> what do you think of that, charles? what attention we pay to the tweets and the distraction for a day or two doesn't get in the way of that agenda? the street will still happy to see it is done? >> the street is confident it will get done and happy that it gets done. look at the people that responded to the tweet. merkowski, collins, assess. these are critical people if you're going to drag them across the finish line. part of what they have to go to their constituents with if they cut a deal is to say that the president was sincere and all these other things, these intangibles. when he gave the speech right at the end of the day to the energy conference, he was solemn, he
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talked about resurgence in merge. we have kate's bill being pass. stick to that. he's punching down on these folks. america is coming back. our economy is turning. i got to disagree with mark fauber. the markets have made huge moves. we're -- the next 40% move will be to the upside. >> neil: fauber just let me now, what did charms payne say? >> i'm surprised i don't have an ejector seat. >> neil: thanks very much. i know my fauber impression is horrible. i love having him on. he sounds like a bear. mean while, republicans don't get on board. you have heard mitch mcconnell say he might turn to democrats. my next guests have said i've been eager and open to working with you. i'm talking about joe manchin. very good to have you. >> always good to be with you.
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>> neil: what do you make of this? this is republicans only. i know that you have tried to bridge that divide and get yourself alienated the your own party. but you want in. now i guess you can't get in or what is the latest? >> i would always say, if you like at my past record since i've been here, if you're looking for someone that wants to be bipartisan and work in a constructive way, i've been the go-to person. no one has reached out to me that it's time to sit down and work together. >> neil: dow any conditions to that, senator? >> the only condition we have is this. let's repair what we have. west virginia, if you tell people you're going to repeal something, that means you're taking it away. if you're going to repair it, fix it and make it better. i told the president you should be the mr. fix-it president. we know the private markets are messed up. there's no restraints in how people are using their new-found health care. i have people in west virginia
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and i have said this to our democrat friends, we don't need to be inhumane to throw people off or say you're going to lose it because you can't afford it. we're going to give you reasons how you can use it more efficiently and keep it. give them a chance. there's things we can do. we're willing to sit down and talk about this. you can't say repeal is out there and has to be repeal or nothing. that's a political promise. i don't think it's going to fly and i'm hoping they'll sit down and -- >> neil: the irony if they're not repealing october. >> they're really not. >> neil: they could have won over more democrats, saying largely it's in tact. it's going to be smaller, different, funded differently. largely intact, isn't it? >> the thing with the tax starting out with the 500, $600 billion tax repeal. staying you're going to make that up by making $700 billion of cuts. why can get the savings that need to be in by utilizing it much better.
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having better products for the market that people want to buy into. give flexibility, a lot of things that moderate democrats that we're willing to sit down and i'm willing to lead the charge and work with them. but we have to get down and say we're going to work with what we have and make it happen. >> neil: bid remiss if we don't have the dust-up over the president's latest tweets on joe scarborough, crazy mika, psycho joe scarborough. pretty blunt and in your face. some say demeans the presidency and demeans the president. what do you think? >> it's uncalled for. totally uncalled for. we can't stoop to that type on any shape in any form of life. i wasn't raised that way in west virginia. i wasn't taught to be that way and talk about people and attack people. that's not who we are. you might have your difference with joe and mika.
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they're good people. you can work with them. he's had times with the president and joe and mika have been amicable to the campaign. now it got to this. that's just -- hopefully just totally uncalled for. i hope it doesn't continue. >> many supporters claims as they did earlier, you say it shouldn't be a tit for tat on the part of the highest ranking official on the planet. >> here's the thing. i'm an elected official. people said a lot of things. i knew that. okay? if i wanted to move forward and get something accomplished, i couldn't be drawn down into that element. i never did let myself go there. i wouldn't let it happen. i'm sorry you feel that way. so why don't you work with me? >> what do they tell you? >> well, we got a lot done in west virginia. you know? >> okay. all right. >> the republicans are my friends and the democrats are my friends.
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we're all west virginiians. we're all americans. i cannot believe that this environment here that you have to be on one side or the other. the only side that i can tell you i'm 1000% is the american side. i happen to have a d by my name and a lot of dear friends with an r by their name. they'll put their country first. we we play off of this discourse and feed off of it 24/7 is not something i'm going to partake into it and feed into. >> neil: but it comes at a time with this president either r or d is saying i'm supporting coal. near and dear to your state. what do you think of that? >> he's a good energy -- he's a good energy president. i appreciate that. i told him. i said give us some stability in the market. that's what you've done. the coal market as we knew it before when i was governor in 2009 and 10, we were doing 150 million tons of production a
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year. we're down to half of that now. all the 150 won't come back. we can stabilize what we have because we lost a lot of the markets we sold into. but they're going to need this for quite some time in order the stabilize the grid. that's -- we're a base load fuel. you have two months of coal laying on the ground, you'll have two months of uninterrupted energy. we know that. he's been good from that standpoint. we have to find that balance between the economy and the environment. you can't throw caution to the wind for the environment. you don't have to overregulate me where you smother me and i can't breathe. that's what happened in the previous administration. i appreciate president trump on his energy. >> neil: thank you, senator, very much. good to see you. >> always good to be with you. >> the good senator touched on this. tomorrow is deadline day. if there's no deal, what happens to the markets that were crazy enough today? we pick up on it add noon
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coast-to-coast on fox business network. if you're not getting it, you're missing a chance to miss out on the news. and the press secretary prepared to answer questions on the president's controversial tweets. did they hurt his agenda? about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ [ intense music playing ] ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event.
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>> did the president go too far with this tweet in its deeply personal nature? >> how do you feel about the president attacking another worm specifically for her looks and what does that show as an example of how member should treat other women? >> do his series of tweets help unify the country? >> are you going to tell your kids this behavior is okay? >> right now we have our economy growing, the stock market is up, unemployment is down, jobs are back. isis on the run. you guys constantly ignore that
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narrative. >> neil: that's the problem with the president and his tweets to the msnbc anchors. he got the conversation off that agenda and to something that is silly but is all-encompassing. that is the danger of getting off message. press secretary under george w. bush ari fleischer with us here. what do you make of that? >> you wake up and you shake your head and you watch your briefing and shake your head. that's what i did today. when i saw the president's tweet, i thought why is he doing this? it's rude, offensive. it's not what presidents do. he's going too far again. when you watch the briefing. you see the recorders. they were right to challenge the white house. they should have three or four or five tough questions and get on to policy. instead, a full blown feeding frenzy from the press core. i get it. he shouldn't have tweeted it but the press goes too far. >> neil: so how do you get this
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under control? i have no problem with the president's tweeting but it would be better to tweet subjects that he's strong. the economy, other thing the public endures even though that might not flip over him. what do you think about that? >> today is an exciting policy day from the white house. it's energy day. the president is announcing a series of things to initiate what he calls a golden age of energy. we're about to become an energy exporter and he took the focus off of it. what i have advocated with former white house press secretary mike mccurry, let cameras be in the briefing room but stop with the live briefings. that briefing shouldn't be a red hot tv show. the spokesman for the president is posturing and giving the talking points and the press corps is peacocking and acting like the toughest person they can think of because the editors are watching and a chance to be
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macho on tv. this is the problem with the live coverage. both sides need to cool things down. >> neil: so when you and mike mccurry, bill clinton's press secretary, orringing the way we do this is argue, what did you mean? that we shouldn't have the press briefings? >> no. cameras are in the room. it's the way it is. you're not allowed to have live coverage. it's called embargoed. it's a common practice. everybody can have what they need but you can't take it love, show it in its entirety until after it's over. as a result, news snippets will be taken. >> it would be different if we had a 9-11 moment. that would be different, right? >> there's always exceptions in the national interest and that would be one. what is happening now, reporters are using it as a chance to see how tough they are, they can that i can the white house down. the white house uses it to make
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its points clear. everybody is talking past each other. that's not a briefing. it's a tv show. >> neil: it is. a grand one at that. thanks, ari. eric bowling and his read on a the swamp after this.
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>> neil: boy, talk about great timing on the part of eric on a big day a big week. he has his book, which is number 1 and number 2 on amazon. i don't remember. but boom. it's everywhere. and here he talks about among other things, the swamp that is washington and the swamp that donald trump is trying to address. lo and behold in the middle of that is this tweet storm. of course, you in the book, very good to have you. you argue that it's a good thing that he tweets. but can he tweet off message?
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is that what happened here? >> the book came out on tuesday. right? on sunday, we find out that bernie sandsers, the socialist, who says everybody deserves their fair share, he and his wife are being investigated for corruption. the book is about corruption. the second part of the book is what donald trump could and should do to drain the swamp. one of the first things i mentioned is continue to tweet. now this happens here. look, i think -- i would love to see everything that the most powerful human on the planet, the leader of the free world, what he thinks on a morning basis every single morning. i hope he continue to tweet. a lot of friends on the right say this is terrible advice. tell him to stop tweeting. i don't want him to. continue to tweet. >> i think it's fine. some sort of controversy when i said stay on message. tweet about the things that will advance your agenda. don't get side tracked and punching down with tv anchors.
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>> i'm friendly with joe and mika and friendly was president trump. this is like two of your close friends arguing. you want them to end it and get it over with i don't disagree of the tone of the tweets. look, that's donald trump. >> neil: he's the president of the united states. >> he's not a politics. >> neil: no, he's the president of the united states. he shouldn't do that. in your worst moment, you haven't done that. we shouldn't talk like that. you have a great agenda. you can agree. look at the press conference. virtually nothing on that agenda. it was all on the tweets. >> of course. >> neil: i agree with you -- >> how about all the economic messages -- >> neil: he defeats the purpose -- he feeds the beast. >> he took the eye off the ball on a very important agenda day.
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>> neil: you're close. you would say don't punch down -- >> i come from the street. if you get punched, punch back. i wish they would stop fighting. it's like your kids. you want them to stop fighting. >> neil: but my kids are not president of the united states? >> does it matter? >> neil: i think it does. a certain decorum. >> i like the fact that he's not your standard poll situation. notice the peers -- >> neil: paul ryan criticized him, ben sass, lindsey graham criticized it. >> jeb bush. >> neil: that wasn't a shocker. >> what do these four have in common? they were anti-trumpers leading into the election. >> neil: hmm. your whole point with the book is to talk about washington as a swamp. i like you look at democrats and republicans and prior incarnations. that this has been a long history in washington. so what makes you think that donald trump will be able to deal with it? >> some of the things -- first of all, can you hold your up? >> neil: why? >> i've done 100 interviews so
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far. >> neil: my post it. >> the first book that is well-read and posted up -- >> neil: i figure i owe you that your coming here. here's where you're exactly right. other presidents with the best of intentions, the most worthy of goals, ronald reagan wanted to shrink government. he said it was no smaller than when he left than when he entered. he slowed its growth that was a heroic achievement is. that the best we can hope for? >> no. he can drain the swamp and turn it around. minute one, he was inaugurated on a friday. that very first monday he rolled back the business regulations that you and i talked about for eight years that obama kent putting on and on. even george bush wasn't that great for business in some of those respects. >> neil: no. government got bigger. >> obama doubled government in eight years. when donald trump came in and
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rolled back the regulations, freeing up the business climate, it's the beginning of the account, the credit, the political cap that he can spend to drain the swamp. he can't do it now. he has to build up -- we have to trust him and believe he's best for the country. most of the country believes in donald trump. i went to bucks county, pennsylvania for an event. it was packed. they were all saying, look, my life is better. >> neil: they were packed for you. you're a rock star. >> it was a bit of a right-leaning crowd. the bottom line is, you can't argue with wages and business sentiment. you can't argue with stock prices. >> neil: are you worried the stymie here, the markets are telegraphing something? >> look, we're up 19 or 18% since he was elected. every market needs a construction. >> neil: what if this doesn't come to pass? >> healthcare? >> neil: health care, tax rewashing. >> this is one of my biggest criticisms of donald trump. he believed paul ryan that they had healthcare in the bag and
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had a good bill and he didn't and he should have put that aside. hopefully he said healthcare is such a big deal, let's put it aside. think about this. what if donald trump said we're putting healthcare aside and we're going to take on tax reform, which the right loves and infrastructure which the left loves. do them as a package deal. who will vote no? >> neil: if that delays taxes -- the argument is that something is better than nothing. something is better than what we have now. >> i think the republicans are in big trouble if they take -- push this gop healthcare plan through and go to the mid-term -- >> neil: they're getting the rap for the plan we have now. >> if you work on tax reform right now, put healthcare aside, people will forget about healthcare until later. >> neil: you said everybody wants to take an 80% cut. that will change it. >> i wish could would take 100%
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cut. we should stop paying them. i hope they go on vacation more, not less. >> neil: tell me one thing you don't like about president trump. >> the healthcare. this isn't a white house bill. >> neil: got you. more after this. (baby crying) ♪ minutes old. ♪ a baby's skin is never more delicate. ♪ what do hospitals use to wash and protect it? ♪ johnson's® the number 1 choices in hospitals. for her compassion and care. he spent decades fighting to give families a second chance. but to help others, they first had to protect themselves. i have afib. even for a nurse, it's complicated...
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>> neil: you'll have to shell out $500 or $600 for one of these babies. ten years ago, and i'm not say my tube then was mud only, that was ten years ago when apple debuted their first iphone. that was then, this is now. 1.2 billion phones later. jeff locke outside an apple store in chicago. how are they looking back at this and something looking forward to the fall? the thing is you didn't like the phone because you're cheap and you didn't want to pay much for it. >> neil: that's right. >> but how about the other so-called experts?
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bloomberg didn't like the phone because they thought it sucked. they said the iphone would be nothing more than a luxury bobble that would appeal to a few gadget freaks. the guys at tech crunch, they said the virtual keyboard thing will be as useful as a rotary phone. what did the people say outside this store in chicago? take a listen. >> i've been an iphone user since the 3. so ever since then, i have never went back. >> when it's not with me, i feel like i'm loss. like with gps, everything is tied to getting there faster and being more efficient and our phone allows us to do that easier. >> it's hard to function in life without using some sort of smart phone. you have calendars, appointments, apps. >> neil, i will admit, the sale started slow. about one million units sold in
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the first quarter that it was available in 2007. the last quarter of this year, over 50 million units sold. i would point out one other thing also. that is you don't have to necessarily be a market leader to make a lot of money. this year so far, iphone sales or smart phone sales overall, apple is losing out to samsung. i think the total is 52 million to 78 million for samsung. a lot of people like the android phones, too. apple is the one that invented it. sadly, you know, mark fauber talked to you about how disruptive technology can be. this was the blackberry i was never going to leave. i would never get rid of it that i could touch the key bore and see the keys on. sadly it's not been used in seven or eight years. >> neil: the killer with that, buddy, that was the industry giant. that was the good luck trying to take it out. it's a reminder again and again,
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right? >> exactly. stay tuned. >> neil: so you're the best, my friend. jeff locke who has not aged at all in ten years. all right, meanwhile the impact of this phone ten years after the first one went on say. we have shelby holiday here and tech analyst katie linnendahl. katie, on to this of what now. obviously what i remember distinctly covering the launch of this ten years ago is people talking about apple and the quality of its phone calls. when anyone renews a smart phone, they can't talk the megapixels and the camera and how fast that they can get on the internet. boy has time changed. >> time has changed. we think about how many industries the iphone changed. to your point, there are android phones out there and many argue the android wasn't the first smart phone. but the apple was the catalyst.
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sitting here on the news set, i was doing a live shot out of another country overseas a few days ago off of my iphone. we new about news and taking over a trillion photos a year. >> neil: you know, shelby, i wonder this latest phone that is coming out later in the year, the fall, they keep talking about all the new bells and whistles and something called -- augmented reality? what is that? >> augmented reality, they have a new screen. it could have wireless charging, there's lots of rumors. there's fears would be hard to produce. >> neil: what is that? point at something and what
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would happen? >> yes. you don't point at something but you're virtual in a world that you would never have seen when iphone launched ten years ago. >> neil: sounds stupid. >> maybe you'll like it. >> neil: sounds stupid. i'm an apple shareholder. but i'm listening to this. there's a lot of ancillary industries that benefit from this and the cool technology. and i know one iphone has more technology than in an apollo rocket. i understand that. but on the level of this fall and how many buy it, could make a lot of different in the economy, right? >> yeah, there's a halo effect when it comes to iphones. some of the developers are making around $16 billion in just app development. so you look at the market cap of apple in addition to that. that's about $800 billion. that was in may of 2017. so clearly the stock is going up. people are buying the product. you know, people are questioning
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the innovation. i know v.r. is coming up, virtual reality. it's stupid. i never tried it. have to be honest with you. but they're trying to innovate. into this is just the beginning for apple. >> neil: katie, when you look at this technology and where it's going and how much it's changing, i always wonder whether there is a risk just like when we had and waited every year in the old age of the p.c., for the 386 chip and then the pentium change-up and the new technology. then it stopped. all of a sudden these became simple cheaper commodities. are we at that stage or could we get at this stage with these smart phones, apples included? >> i think if we were add a plateau with smart phones, the iphone 8 is in a unique category not only because it's a ten-year anniversary for the iphone, but a lot of consumer expectations hope the hard phone is one of the most updates to date. on the consumer side, it's
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excited. from the augmented reality and virtual reality side, once you experience it, it's compelling. apple has yet to get on board with a.r. and v.r. in heavy ways that the competitors have. i've been using v.r. headsets in pediatrics. it's unlike anything you have ever seen before with education and physical hairpy -- >> neil: i'll take your word for it. all i want to do is just call and order a pizza. on that legal, i'm as basic as they get. do you get a sense this has to live up to enormous hype and it has to deliver the goods? >> enormous? yes. and there's some fear that my colleagues just wrote about this, apple is doing too much. steve jobs montra was less is best. create something amazing, don't overdo it. now apple has all the colors, all the products, all the different prototypes. there's fear too this year, if they introduce three phones, is that anniversary phone going to
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overshadow their other phones? are they going to hurt their own demand and cannibalize their other products? it's interesting how the company has grown and the philosophy has changed. >> neil: ladies, thank you all on this breaking news day. meantime, we want to pay attention at the nation's airports. we'll be welcoming the flyers from the six largely muslim countries targeted in the travel ban that was lightened up. it's going to lead to some confusion. how much we'll know shortly. stick around. oh, hi! welcome to the neighborhood. i brought you this pie to see if you're weird. wow, that smells intrusive. it is. did you want to come in, maybe snoop around a bit? that's why i'm here. wouldn't it be great if everyone said what they meant? ooh, i smell onions! the citi® double cash card does. only citi lets you earn 1% cash back when you buy, and 1% as you pay.
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trace? >> the ban doesn't affect u.s. citizens. but because of confusion and lawyers being on hand to advise foreigners, some travelers may find the airports congested tonight. the supreme court made it clear they want portions of the president's travel ban to go forward without burdening those that have a bona fide relationship with a person or entity here in the united states. in other words, if you come from one of the six majority muslim countries, iran, libya, somalia, yemen, sudan and syria and you have a student visa or were offered employment or have an american who is a close family member, you will still be allowed to come. but the definition of bona fide relationship is a bit of a gray area. the administration has defined a close family member as the following. parents, parents in law, spouse, children, sons and daughters in law and siblings including step and half siblings.
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the travel ban does not allow grandparents, grandchildren, aunts, uncles, nieces, nephews, fiances and brothers and sisters in law. tourists and business travelers from the six countries in question would deny entry into the united states for 90 days unless they had what we just outlined, the bona fide relationship. the 90-day ban that could be extended for people that couple from countries that do not provide sufficient information for the u.s. to effectively vet them or screen them. refugees already admitted to the u.s. will still be allowed as well as those with close family ties. the rest will have to wait 120 days until the trump administration decides which country will have their admissions reinstated. that could come at any time, neil. >> neil: thanks, trace. trace gallagher. meantime, south korea's president meeting with the president of the united states and the talk is they want to
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work on sanctions for north korea. now we're hearing that the south korean president isn't keen on the idea. what? after this. our allstate agent, and i know that we have accident forgiveness. so the incredibly minor accident that i had tonight- four weeks without the car. okay, yup. good night. with accident forgiveness your rates won't go up just because of an accident. switching to allstate is worth it. (singsong) budget meeting. sweet. if you compare last quarter... it's no wonder everything seems a little better with the creamy taste of philly, made with no artificial preservatives, flavours or dyes.
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>> neil: we're committed to targeting north korea's external enablers and maximizing economic pressure on the regime until they cease their nuclear and ballistic missile programs. >> neil: steve mnuchin announcing new sanctions to reign in north korea. this at a time when the president will be meeting with the south korean leader tonight. the south korean leader is not keen sanctions. maybe allowing the north koreans to host some of the winter olympic events that south korea
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will be hosting. how weird could that get? anyway to rebecca henrichs. >> you know, we have to squeeze the chinese if we're going to get the north koreans to stop this missile program, this nuclear program. this is the way to go. the south, new south korean president wants a similar more gentle approach like the obama administration took, which is strategic patience. but for the trump administration, patience has run out. we cannot allow the north koreans to have a nuclear missile program. my recommendation would be for the south koreans to let the united states handle it. >> neil: the south korean president has talked about overtures to the north which is word since they lob missiles in their direction. but they have indicated when
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they host the winter olympics, i couldn't believe this, having north korea having some events hosted during that time. how likely is that? >> it's not likely. it's a pipe dream. it's bizarre, too, especially considering that north korea has increased the tempo of their missile tests. the artillery arsenal that they have is holding the south korean people hostage as we speak. we tried talks before. i don't think this administration is going to be open or the that. it's strange that the new south korean president seems to be taking this approach. what is important coming out of this meeting, there's a clear commitment on the part of both countries to handle this situation together. a commitment that the north koreans cannot be allowed to achieve a nuclear capability. >> neil: we've been relying on the chinese to do whatever they can to ease this crisis. they have been dragging their feet or they can't. the president held off any
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economic action regarding the chinese until they have. now what? >> well, yeah, the chinese still -- the north koreans rely on the chinese for trade. the chinese keep to pay lip service. they did it to president obama and now to president trump saying they're going to squeeze the north koreans but they haven't. the first sanctions that the treasury secretary announced are a first step. there's chinese companies that have enabled the north koreans to continue their program. the chinese have to understand this president doesn't have if patience that president obama had. >> thanks, rebeccah. wild stuff. and sheila jackson lee among the first to say tweet alone mr. president, resign. improve irrigation techniques.
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we have sheila jackson. she wants president trump to resign over the tweet but she says she won't be voting for anything until he dies. this could get interesting. on fox business, where we mean business. >> eboni: i am eboni k. williams with kat timpf and eric bolling and we are the fox news specialists. we are awaiting two big house votes to help combat illegal immigration which is at the center of president trump's immigration agenda. kate's law and new funding for -- no funding for sanctuary cities. they give powerful remarks about the importance of the bills. because we are against illegal


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