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tv   After the Bell  FOX Business  February 28, 2017 4:00pm-5:01pm EST

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teddy, scott, of course lori. down 21. we're falling further away from what would have been never-before-seen territory and that would be 13 straight record closes. here comes from the closing bell. [closing bell rings] no, it does not appear to be a record. the dow is down 24. david, melissa, you get to take it from here. melissa: there it goes the dow's longest record streak in 30 years, 12 straight days coming to an end. the index failing to close at new record high. david: i'm trying to listen to the music. we have special music whether we made it or didn't. ♪ oh, okay. still a good day. i'm david asman. glad you could join us. more on downturn from dow ahea here is what else we have for you at this hour. taking his case to the lawmakers and the american people. president donald trump getting
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ready to deliver his first address to a joint session of congress in just five hours, the president will lay out his bold agenda for our country amid new resistance from some top republicans, his own party. plus the battle to repeal obamacare. some republicans are getting cold feet about fulfilling president's promise to replace the president's health care law with something new. congressman mark sanford sounding off on why his replacement plan is the best choice. melissa: back to the markets. the dow failing to end the day in the green which would mark the longest winning streak in the index's 120 year history. lori rothman on floor of new york stock exchange. why didn't we make it today? we'll blame you. >> that's fine. >> i'm kidding. >> a couple of things caught my attention at closing bell, melissa. russell is comprised of smaller cap companies that have more exposure to the u.s. economy.
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so it is down 1 1/2% today. sad, sorry, the dow didn't hit the 13th, unprecedented record. it is only down .1 of a percent. for its part, s&p down a quarter of a percent. it is the last day of the month. definitely window-dressing going on here. big speech by the president tonight of course. something tells me once we get past that, the president will be very pro-u.s. in our growth agenda. things may turn around tomorrow drastically. let's see what did keep the dow from setting that record today. really it was retail story, right? you had walmart which fell this sympathy with target. show you target here in just a second. nike, intel, dupont were big losers on the industrial average. now to target, what a tough day you might say. slashing its 2017 holiday outlook. this is the same old story. just gobbling up the traditional brick-and-mortar retailers.
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target was even surprised how terrible holiday sales were. look at that down 12%. melissa: david? david: record or no record, president trump is looking on the bright side. >> look what is going on in the stock market, trillions of dollars of value created since i won the election. the stock market is very enthused. it is also about jobs. david: he wasn't exaggerating. with fourth quarter growth coming in at a measly 1.9%, can the economy keep up with the stock market without tax cuts? joining me dan henninger of "the wall street journal." gary kaltbaum, of kaltbaum capital management. and scott shellady of tjm. scott, we didn't make the record today, but do records really matter to the traders? >> not really, when it is only 20 dow points. that is stretching things a little bit. we really haven't been looking
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at it that way here. we're focusing from the lows of the election to the highs, almost 18, 19% turn around. since 30 days in office. those are good, 2.9 trillion in equity value is good. he still has a big job to do. gdp number told you that today. we need to create more jobs and actually make something with that job. david: when i heard the president talk about trillions, i didn't realize it was that high. we have gained since he was elected in market on tape $2.9 trillion. does that make a difference or is it just a paper gain? >> well there is something called the wealth effect that is psychological. it is how people feel about their financial situation. sometimes they tend to spend more. he has to be careful about continuing to talk about stock markets. i have got news for donald trump, they do go down also. what will he say then? and for day like today, but with
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the dow down 20, the russell 2000 was down equivalent ofhundred dow points. i think in here it is getting a little bit tougher but we've had a very good run. david: dan, that 2.9 trillion is very nice particularly when you're looking at your 401(k), but if the economy doesn't catch up with, 1.9% is measly as a growth number, looks like the economy is getting behind the stock market here a little bit. >> a little bit. don't want to rain on president trump's parade tonight. maybe a little bit of a light mist. maybe we'll have a fiscal reality check. maybe congress, he will lighten the economic burden tonight, the big question what is the timeline? how much of that in the legislative proposals are actually going to get done, how and when it will happen? david: how much do you think will get done, dan? >> that is a food question. i think it will get through obamacare. that is supposed to sequence ahead of the tax bill which is the most important thing he can do. melissa: amen! >> that get held up to t
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tonight as he most anticipated speech since taking oath of office. fox business's blake burman is at the white house where the president is preparing the speech. tell us what you know, blake. reporter: already a busy afternoon for the president. he signed four executive orders. now high gear toward the speech later tonight.
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trump earlier this morning on "fox & friends" discussing his plans along the border. >> i will bealking about the military. i will be talking about the border. remember this, on the border, and throughout our country, we're getting the bad ones out, who have been impacted by illegal immigration. melissa? melissa: blake, thank you for that. so there are a few empty positions up for grabs in the white house but president trump says, they're empty for a reason. >> a lot of those jobs i don't want to appoint because they're unnecessary to have. you know, we have so many people in government, even now i look at some of the jobs, it is people over people over people.
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i say what do all these people do? you don't need all those jobs. melissa: wow. call me cheap but that is music to my ears. gary are we finally trimming the fat in the federal government? >> the problem is, there is enough fat to fill the ocean. look, my biggest problem for a very long time, this year, federal spending will be 4.1 trillion. just in the year 2000 it was 1.8 trillion. where is all the money going? it is about time something gets done. i take out a big machete cut it right off at the legs. melissa: very violent. >> if you don't change the trajectory the economy will never grow to the potential. melissa: dan, do you you care to follow that bloody image? trump saying, i have 600 positions to fill. no, i don't. i will not fill all those 600 positions. i was cheering and applaudin i hate waste. >> those of us with long memories no less after person than vice president al gore in
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the 1990s, talked about reinventing government. the idea they would rationalize it, slim it down. never happened back then. it just kept growing. no small part exactly why donald trump became president. people just decided enough is enough. and i think he has the wind behind him if he starts cutting federal bureaucracy, no question about it. >> scott, speaker ryan has never seen anything like it the way donald trump gets into the budget and speed and alacrity he goes through and slashing things and getting rid of them. it is inspirational. i hope it is real. i want to see the savings, how about you? >> maybe we need to do another news flash remind the american people we hired a businessman to run the country, not a politician to run the country. that is what you got. number two, he is a head football coach, doesn't have to have position coaches or double or triples of position coaches. number three, i take this, take all business unit has, cut 25% of your budget today.
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that is one thing, i think -- melissa: right. that is a great idea. >> so i think he will do something like that. melissa: companies do that. not outrageous, say to the head of each unit, guess what? here is the target. everybody has to come in to cut this much. can you imagine how all the departments would fall over in shock if that happened? gary, what do you think? >> go ahead. >> i would gather they're all falling on the floor right now, but look, it is a must. the problem with government is simple. they're not spending their money. they're not spending their own money. they're not spending their own profits. they're using taxpayer dollars. they have disrespected the taxpayer for decades now. about time something is different. when i see trump, one thing i love about him, when he negotiates to get a plane cost down i'm a happy guy. that is a taxpayer dollar. melissa: i will start weeping. instead i hand it over to david. david: era of big government is over. remember a democrat said that. melissa: i hope. david: not anymore.
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president trump aiming to boost spending to make our military great again. saying he will pay for it by making our economy great again. here he is. >> i think money will come from a revved up economy. you look at kind of numbers we're doing. we're probably gdp of a little more than 1% and if i can get that up to 3, or maybe more, we have a whole different ballgame. it's a whole different ballgame. and that's what we're looking to do. david: but, dan, could he get up to 3 or 4 without a tax cut? >> probably not, not without tax reform. there are two-ways to get government, gdp back up to%. one is on productivity side and one is on the labor side. to get productivity up you will need a lot more investment than we've had now. one of his proposals is allow full expensing of invests. that would be a huge driver of productivity. the other thing could be summed up as reversing everything barack obama did. david: there is that. there is also the the very
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simple idea of across the board tax cuts. whether you're corporate, rich, poor, whatever. hold on. that is for gary. go ahead, gary. >> one word, correctamundo. you need to construct government and cut taxes. leaving more money in the economy and let it flourish. the next part of the equation, get the heck out of the way let businesses do what they do best. the workers of this country is what create wealth. not anybody in d.c. if you leave them alone and get out of their way watch what happens. 3% will be nothing. we'll be in the 4s and 5s easy. david: scott, quickly what do you think of the military spending? president trump says we have to do more. his budget is 50 billion more a year, only 3% more than what president obama is suggesting. yet some people say it is too much. what do you think? >> it is too much until it is not too much. we don't know what is co around the corner.
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we have big threats, bogeyman is something we still have to worry about. with terrorism across the world, nothing wrong with a little bit of bump spending. i agree with other guests. if we get tax cut or regulation cut. if we start scoring a lot of runs nobody will complain in the dugout. david: remember, folks he is in power one month. one month! he hasn't had a government for most of that. he still doesn't have a full government. there are five appointments pending. dan, gary, scott, good to see you all. melissa: vowing to secure our nation's border. president trump is expected to urge lawmakers to compromise on immigration as a shocking new video expose as security breach along the mexican border. next texas attorney general ken paxton weighs in on what his state needs from the federal government.
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david: that video is extraordinary. the truck driving through the wall. why president gw bush is defending quote, the indispensable press. melissa: optimism on health care. president trump to outline his replacement plan for, quote, the obamacare disasters. congressman mark sanford has his own health care reform plan. he will break it down. that is coming up. anything worth pursuing hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation. we'll listen. we'll talk. we'll plan. baird. is it keeps the food out. for me before those little pieces would get in between my dentures and my gum and it was uncomfortable. just a few dabs is clinically proven to seal out more food particles. super poligrip is part of my life now.
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await a new executive order on immigration which may come early as tomorrow. here is ken paxton, texas attorney general. great to see you, general paxton.
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what would somebody from the longest border in america, southern border, like to hear about the border from the president tonight? >> i was fortunate i had the opportunity to meet with the president this morning in the oval office, and he talked the very language we're looking for. he was talking safety, talking about technology. talking about a wall and putting more border agents. we're excited after years and years of having to provide our own resources we're excited to hear the federal government and the administration interested in our border. david: we saw this extraordinary video in the past couple of days of these trucks driving through the border at a hole that was apparently cut either through a gate or directly through the metal. what happened there? and has that been fixed? i know it is in arizona, it is not in texas but do you know anything more about it? >> my guess is it has. this is type of issues along the border all the time. we need help and resources and immigration agents that can actually accomplish the job. we can't always do what we need
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to do. we don't have the law to support us. we're hoful esident trump will deliver and we'll be able to have resources we need to protect our border. david: talk about laws that support you or don't support you, clearly sanctuary cities are a big problem not only for feds but also for state attorney generals like yourself. what is happening there? texas has a number of sanctuary siss. last time i talked to you there was talk of cutting off stay funding. what is happening with that. >> that is still going on. texas senate pass legislation to cut off funding for sanctuary cities and provide civil penalties for elected officials will not fulfill constitutional duty of following the law. david: let's be clear, you will perp walk mayors into jail or what? >> look, this is what the senate passed. we'll find out what the house passes.
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we'll see what gets negotiated. that is suggested by our governor, greg abbott. they're talking about providing civil and criminal penalties for officials don't do their jobs. david: what kind of pushback, the loudest people are not usually most represented people in texas but there is a lot of loud voices coming from the pro-sank wear cities folks. >> sure. it overwhelmingly passed the senate. we had full, relatively strong support in the senate. i think you will see the same thing in the house. david: okay. >> this is controversial issue but is clear texas wants to do something about it, make sure we don't have cities violating state and federal law. david: gotcha. we have only 30 seconds but new immigration order about to come t? what should be in it, and how should it differ from the past one other than the fact it wasn't well-organized? >> it may not have been well-organized but we think under the law it should have been fine. it will address green cardholders or visa issues. there may be language pulled out
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about certain religions and certain types of religions. i think you will see minor changes but i'm expecting a similar fight an hopefully this time we'll have the opportunity to get this through. david: texas attorney general ken paxton, great to see you, sir. appreciate it. >> absolutely. >> who is really behind the white house leaks? president trump has a pretty just a matter of hours. thinks hy
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good idea who's behind them. >> i think that president obama is behind it because his people are certainly behind it. and some of the leaks, possibly come from that group. i also understand that's
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politics and in terms of him being behind things, that's politics and it will probably continue. melissa: here to react, jamie weinstein, jamie weinstein show podcast and host, the guardian contributor. also julie roginsky, democratic strategist and fox news contributor. julie, what do you think about that? there is not outrageous people left over from the lasted a administration annoyed and thinking stuff, no? >> a little insane sean spicer is demanding phones -- melissa: let's pivot back, do we think actually some of the people from the left over -- >> that is rhyme trying to say to you, many obama holdovers in the west wing. no -- melissa: you think it is -- >> of course it is those staff are bureaucrats remaining there who have been there for, administration after administration, to blame barack obama last time i checked was wind surfing on some island. melissa: i'm sure he totally doesn't care about what is going on now.
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>> i'm sure he doesn't, like george bush. melissa: not invested in any of it. i'm done! i'm out. i don't care anymore. >> george bush, why, why wouldn't obama? why does people prescribe -- melissa: let's let jamie respond, what do you think? >> this is example where journalists, i don't like this formulation but might be example where you have to take trump seriously and not literally. i'm not sure he actually believes barack obama is hanging out with richard branson but while he is doing that making calls to his people, to do leaks. but there are probably hold overs from the past administrations leaking out as well as people trump appointed leaking. probably a mix of people but i don't think this is situation where he actually believes obama is directing the -- melissa: is he really still on the island with richard branson? he is there for some time, still hanging out on the island. >> wouldn't you be? it looks nice. melissa: you're right. that is a fair point.
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i would absolutely be there. julie i thought it was funny this, is politics, kind of what it is like, he was like, there is leaks but, i don't know, comes with the territory. >> yeah, that is not what his twitter feed says. every day i wake up to tweets how they're horrible leaks and -- melissa: you read his tweets in the morning, julie? you shouldn't do that. >> i try not to tweet first thing when i wake up. president turns on "fox & friends" and turns out whatever he hears on air five minutes later. that is his choice. we're on from 7:00 to 9:00. he does his best tweeting after ainsley earhardt has something to say. melissa: my husband wants to put blood sugar monitor on my phone before breakfast so i don't use it. president george w. bush speaking out on media. >> i consider media indispensable to democracy. we need independent media to hold people like me to account.
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power can be very ad dicktive and corrosive. it is important for the media to call to account people who abuse their power. melissa: so, jamie, if you listen to what he actually said there, we need an independent media to hold people to account. i'm not sure that includes people out there who are way to the left and are kind of holding his feet to the fire. if you listen, dissect what the president actually said, we need independent media, what do you think? >> i do think george w. bush picks his moments inst himself. he did this i think deliberately because i do think -- melissa: he is writing a book. he is on a book tour. he is promoting a book. >> often when he has done this in the past he rarely comes out and says anything that is political. he often tries to focus on the topic. i do think he was making a subtle jab at the rhetoric of donald trump here, saying that we shouldn't be engaging the media as an opposition party. so i do i this that was deliberate attempt by george w. bush to push back at
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some of donald trump's rhetoric. melissa: read the statement any way you want. really dissected actual words in there it was a bit after rorschach, julie, to be fair the press george w. bush took apart and made him appear a wimp, raked him over the coals and never did anything about it. i don't know trump's opinion, president trump's opinion how he would, he manages the media would be that high. what do you think? >> well i think they made his father look like a wimp. i think george w. bush did everything he did to not look like a wimp, not look like a wimp. melissa: graded his intelligence, george w. bush. >> they did do that,. >> but look, i don't think donald trump want advice for george bush. he blamed george bush for horrible things running against his brother i don't think the president thinks highly of the bush family or what george w. bushhinks about him. melissa: they will be back in a
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just a moment, shares of weight watchers soaring after-hours following fourth quarter earnings of 2016. the company ended the year with 10% more subscribers than the prior year. the company is confident they will deliver higher growth in 2017. looks like oprah has been a little bit of the growth. melissa: how a new stuffed toy may be poising a privacy risk for children. david: like the "twilight zone." president obama planning to discuss a new health care plan in tonight's address. congressman mark sanford proposed his own replacement plan. he will break down the details coming next. you don't want to miss. what if technology
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♪ melissa: the dow snapping a 12-day winning streak, failing to close at a record high for the 13th straight day. would have marked the longest winning streak in the dow's 120-year history. david: i can hear the words to that one. that works. president donald trump to address congress just hours from now where he is expected to touch on a number of contentious issues. there is repealing and replacing obamacare of course and tax reform, when are we going to get it? connell mcshane on capitol hill with the very latest. hey, connell. reporter: hey, david. there are big questions swirling around the speech whether we
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might see meaningful compromise on some of the issues you mentioned. add immigration to the mix. just spending in general into the mix as well. first on immigration, the president himself earlier today indicated to us he thought the time had come to push for immigration bill and one which he said there would be compromise on both sides. however, shortly after we learned that, the senate minority leader shot back with this. >> he has got a lot to undo. the immigrant community is rightfully scared of what president trump has done. his executive order goes far beyond anything that anyone proposed. people are cowering. it is going to hurt us economically. reporter: not exactly sure if that is what compromise sounds like. but you would expect that type of back and forth between democrats and republicans. the president also has work to do in his own party. that has come up on issues surrounding his budget. we know the white house would
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like to increase military spending, do so to the tune of $54 billion. that has been talked about a lot this week. "wall street journal" has a story today saying the trump administration would like to slash the state department budget in order to help to boost that, pay for that military spending increase and slash that budget by 37%. now the majority leader in the senate didn't seem very hot on that idea. mitch mcconnell was asked about it earlier today. about making major cuts to the diplomatic budget. said this. >> just speaking for myself, i think the diplomatic portion of the federal budget is very important. you get results a lot cheaper frequently than you do on the defense side. so speaking for myself, i'm not in favor of reducing the what we call the 150 account to that extent. reporter: so the stage is set, david, for president lay out broadvision for nation tonight. but the larger question, you see
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that from senator schummer and senator mcconnell, how specific he gets on some issues? obviously you have to deal with democrats and others he has to deal with his own party. davi force diploma to buy their own wine. would cut the state department budget by half. just that one thing. reporter: their parking ticket in their parking tickets, exactly. melissa. melissa: president trump remains optimistic a new health care plan is coming. we have a terrific health care plan coming out. we have to understand obamacare is a disaster. we're coming out with a health care plan will be terrific. it will be very inclusive. i think it will do really what people wanting it to do. melissa: joining me republican congressman mark sanford from south carolina. sir, thank you for joining us. what are the sticking points right now? >> you said what are the sticking points right now? i think -- melissa: go ahead. >> yeah. i mean i think that one of the sticking point is how do you pay
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for it, whatever it is? are you going to deal with refundable or versus non-refundable tax credit. what happens next with regard to medicaid. melissa: okay. >> there is bunch of sticking points. there is anything in the house, senate, for that matter -- melissa: break down the first piece. when you talk about idea, idea having healthy people pay for sick people, because people won't do what is in their economic best interest. one thing i've seen floated by a lot of people on the republican side the idea of people putting people who consume a lot of health care and in high-risk pools and directing federal funds into that using that as subsidies, will that work? >> certainly not in the bill that senator paul and i introduced. it is certainly among the different items i guess on the buffet in terms what comes next on health care. melissa: what do you think is a better way to pay for it? >> i think a better way is
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actually impact the cost curve with regard to what we pay for health care. we have anything but a marketplace. one of the things, for instance, our bill does decouple employment from health insurance. anomaly of the wage and price controls of world war ii, back in 1948 that employment became coupled with health insurance. think about your auto insurance or your home insurance. it is not tied to your employment. so a lot of people are stuck in a job they don't like. they hate their boss but they're stuck there pause they get their benefits. so if we decouple that -- melissa: is that really how you control costs? or is it idea that insurance company is negotiating with the hospitals and drug companies a price that ultimately you pay? seems like you have to get people dealing directly with the their doctors, with their hospital, with their drug providers in their price to see what they actually pay on it? >> agreed. go beyond employee sponsored plans.
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a lot of people have great plans, if it is employee sponsor plan. a lot of people between jobs or entrepreneurial nature, don't have big company taking them. they're at times caught in between. these folks ended up in the affordable care act. melissa: what i talk about doesn't have to do with the employer. it has to do with the insurance companies negotiating price. it is about getting a doctor and patient closer together, not about the employer. >> well, employers is part of separation because you feel like it is my package of benefits, one time on, my employer is covering it. in fact as we all know, that is simply a cost of doing business for the employer. what we're trying to do is what you're getting at, which is to empower the consumers so they feel like they're spending their own money. we do a number of things in our bill toward that end. and whether that is tied to health savings accounts or whether it is tied in essence making affordable insurance legal again. right now the package of benefits comes with the
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affordable care act is a long list. a lot of young people look at it, say i don't need all that stuff. therefore i'm not signing up. millions of young people haven't. as a consequence, affordable care act doesn't work from numerical standpoint. melissa: it really doesn't. congressman,hank you so much. >> my pleasure. david: taking insurer and the government out of as the middleman, you know, putting the patient and provider together is the key, right? melissa: yeah. i don't know. i'm not sure we made any progress there. david: meanwhile there is tax reform. we have a timeline for you. president trump vowing one of his major campaign promise is on the way but not everybody is as hopeful. next tax foundation president, scott hodge, he lives and breathe this stuff. he weighs in when we can expect to see those tax cuts and how it will all affect your wallet.
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david: president trump's economic team is beginning to take shape as billionaire
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investor wilbur ross is sworn in as commerce secretary today. this as the president told fox news that tax reform is, well, just around the corner. take a listen. >> if you add the tax cuts that we're going to be doing as soon as we finish health care, we do the health care first. but if you add, that will come out ve soon, big tax cuts, for business and for people, for middle class, tremendous cuts and for everybody. david: joining us now to weigh in on the president's plans for tax reform is tax foundation president scott hodge. scott, great to see you. thanks for coming in. >> thanks, david. david: as far as i'm concerned not a moment too soon. forget all the pencil pushers could spend the next 10 years wondering if we have enough to pay for a tax cut. the gdp is slowing down. the president's spending plans at least for the military are going up. we knee growth now from tax cuts, don't we? >> that is exactly right and a well-crafted tax reform plan can produce the kind of growth that the administration is talking about.
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in fact when we analyzed the house plan that is being promoted by paul ryan and kevin brady we estimate it would increase the level of gdp by 9% over the next decade which would literally add a percentage point to the annual growth rate of gdp, more importantly would add $4600 to the living standards of middle class families. david: right. >> that is the kind of growth you can really get out after smart, well-crafted tax reform. david: you don't want to get so bogged down in details it takes two or three years together. >> that's correct. david: time matters. in the reagan years, by the way, he became president in 1981. it wasn't until '83 when the tax cuts kicked in that we started to really grow, 4.6% in '83. 1984, katy-bar-the-door, it was up.3%, our growth rate -- 7.3%. you have to do it quickly or otherwise we go into recession.
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>> treasury secretary steve mnuchin set the for august. focus on this, get it done and get to the president as soon as possible so they can jump-start the economy exactly the way they would like. david: there is another cloud hanging over, i don't want to be raping on anybody's parade, there great news to report on, the debt ceiling talk is coming up again in about a month. i can see you shrugging your shoulders and david stockman and other people are worried about it. stockman was on with neil and let me play you the sound bite to get you to react. >> i don't think we'll see the tax cut this year at all? >> really. >> not a chance, there is going to be a debt ceiling crisis like never before this summer, and that's what people don't realize. they burned up all the cash that obama left on the balance sheet for whatever reason. david: could a debt ceiling crisis be another barrier for real tax reform? >> david, i've been in washington nearly 30 years i heard about these debt crises for all that time.
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they always get it done. sometimes they wait until the very last moment, the 11th hour, they push it over the finish line and get it done i don't think it will stand in the way because tax reform is too important. replacing obamacare is far too important and they have got to deliver on those promises. they will sweep this aside and move on to really important things. david: i will ask you to predict how much time between the end of obamacare reform and tax cut are we talking about? or could they be done simultaneous? >> they have to be done somewhat in order, get obamacare done first and move on to tax reform procedurally. they can work in tandem to get things ready to go and to the president's desk as quickly as possible. david: so the folks out there will get a tax cut this year 2017? >> i'm very hopeful. i think they can get it done. david: scott hodge, i hope you're right. thank you very much. trump's biggest speech debate. we'll hear trumpism steak the
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remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ melissa: setting the tone in washington, president trump set to deliver what could be his biggest political speech to date as americans prepare for a wild night they hope. "new york post" columnist michael goodwin writing, quote, the capitol is likely to be shock and awe blowout of pure trumpism while republican congressman jason chaffetz anticipates inauguration 2.0. >> i think you get a bit of a barn-burner of an address, when you have the room full of democrats and republicans, it is sort of a melodrama, right? people are standing up.
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other people are sitting on their hands. some are clapping. >> there you go. julie roginsky and jamie weinstein are back with us. jamie, start with you at this time first, different people have different opinions what they think he should do tonight and with would be successful, what do you think? >> well i think that for one thing is for sure, we're probably going to hear the story of his massive electoral victory again. melissa: [laughter] >> he likes to retell that. from reports the speech is actually still being written. melissa: i bet. >> if you look to see what people are saying. and i think you're going to see a lot of trumpism. he will probably have teleprompter. he will go off script. name check people in the audience like chuck schumer. he may surprise, some reports he may pitch a compromise immigration bill. so i think this is a very anticipated speech for good reason. we're going to have to watch to find out what's in it. melissa: yeah, julie, we heard a little bit about he may bring up
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some of the things attributed to ivanka trump. would that be a good strategy if he goes a little left if he talks about different working mom issues -- how would that go over? put on your political hat, how would that go over with his group, with the other side? >> i think his group will stick by him as he says even if he killed somebody on fifth avenue, what i think he should try to do, you're absolutely right, there are certain issues like ivanka trump, child care tax credit, other issues, infrastructure could appeal to the middle which he is losing. he is incredibly strong among republicans but he is has historic lows, forget about democrats, but independents. if he wants to attract more after base and support, he shouldn't move to the left but should talk about the bread and butter issues both sides can agree on. infrastructure plan could be a good one. comprehensive immigration reform would be a good one of the his people will stand by him no matter what. others like to see him succeed
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uld tend to buy into comprehensive immigration plan. from a strategic pointof view would be good thing. the problem with the president will say what he says today, doesn't mean he will stick to it tomorrow. as a result of that it remains to be seen -- melissa: i don't know. jamie, the people who have supported him, saw unlike other politicians he is showing up and doing what he said. so i don't know. >> to certain degree, i think polls bear this out, people think he is doing what he promised on the campaign trail. whether you agreed or not with what he promised on campaign trail, he is starting out doing a bigger crackdown on immigration than obama did. by expanding who can be deported. he is signing all sorts of executive orders, trying to show that he is keeping his promises. so i mean i think you have to give him credit for that. melissa: julie, do you think he would get ready for a kumbayah moment? or would that make people really frustrated? then he would be criticized, you were supposed to drain the
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swamp, why are you bringing people together. >> first look historically at state of the union addresses, typically kumbayah moments don't last after the mics are off, 24 hours. melissa: very true. >> to the extent that is relevant, i don't know. look he can continue to lead the way he will lead now, and have a small support of suprters. i would like to have more of a kumbayah to bring others in. melissa: rump. david: i don't think chuck schumer would ever come in? i don't know. the dent is not big enough. hiding behind a sweet little teddy bear. how stranges are listening in on your children. wait until you hear this. ♪ usaa gives me the peace of mind and the security just like the marines did. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children. we're the williams family, and we're usaa members for life.
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melissa: hackers exposing conversation of from toysis
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ism stuffed animals are to deliver voice messages between kids and parents. they have a new doll that fits the news. there you go. melissa: here is "risk & reward." >> lack of economics, balance of which unemployment is at once the result and the symptom. >> because they know as we do that the aggression in korea is a part of the attempt of the russian communist dictatorship to take over the world. >> requires modern, adequate depend military strength. >> each day the


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