tv The Evening Edit FOX Business February 14, 2019 6:00pm-7:01pm EST
spend. think back to december, the market was getting crushed and consumer confidence was the lowest in president trump's administration. david: that does it for "bulls and bears." >> i i to all my colleagues. he's prepared to sign the bill and he'll be issuing a national emergency bill at the same time. >> i know it's not an emergency. >> i'm going to support the national emergency declaration. liz: we have a hot rocking show today. we have been telling you for weeks, mitch mcconnell weighing in that president trump will declare a national emergency to by pass congress and get money for his border wall. and he'll still seen it border
deal. we are expecting a debate between 7:00 p.m. and 8:00 p.m. tonight. a vote will come sometime in the 10:00 hour. amazon out, gone. new york state, governor cuomo is blasting new york city democrats for losing amazon headquarters. amazon said it won't reopen its search for another headquarters. but the number of cities offering tax breaks to amazon is still climbing. democrats stumble out of the gate with a new line of attacks trying to downplay the trump economy saying it's a fiction. chuck schumer joins alexandria ocasio-cortez and senator markey for attacking mitch mcconnell for fasttracking a vote on the green new deal, saying senator
mcconnell is unfair to have them vote on something they proposed. "the evening edit" starts right now. [♪] welcome to the show. you are watching the fox business network. let's get to edward lawrence with the breaking news. >> a huge piece of of news. the president will sign the funding compromise. the president believing he has political cover. senator lindsey graham says the president should negotiate as hard as can, then declare the emergency. the democrats making it difficult in the compromise bill. >> the agreement will provide smart border security, it will
not fund the president's expensive, ineffective wall. reporter: the news of the national emergency caught speaker nancy pelosi off guard. he warns the president to be careful about the precedent she could set. >> if the president can declare an emergency on something he created as an emergency, an illusion. reporter: the white house says in part the president will take other executive action including national emergency to make sure we stop the national emergency and humanitarian crisis at the border. most of republicans behind the president. >> it's not my preferred choice. but i don't think the world is going to spin on its axis. >> it looks like we'll avoid a
government shutdown friday but will head for legal challenges. liz: angry backlash from governor cuomo and other backers after amazon canceled its plans to build another headquarters there. the queens chronicle, a local new york city newspaper out with this newspaper. stop the nonsense and take amazon's $27 billion in economic growth. after killing new york city's headquarters, not sure progressive democrats deserve either title. this was anti-progressive and anti-democratic. polls show 70% of new yorkers were in favor. victory lap for them, not for
new york city. >> in the end it was the pressure ocasio-cortez that led amazon to pull the plug on the project bringing their headquarters at long island city queens, and high-paying jobs with an average salary of $150,000. the catch for that of course was that amazon was promised billions of dollars in tax incentives to come here to new york and that's what got under the skin of some of those local politicians. amazon pointed to that in its statement. so they pulled the plug. some of the local leaders were not oppose. earlier today in our live broadcast i spoke to congressman gregory you meeks. here is what he told me. >> i think that, you know, it's
short-sighted for my colleagues who can't want it and short-sighted for amazon for quitting so quickly. we should have had both stay at the table and work this thing out. reporter: short-sighted is how the congressman describes the whole thing. one of the surprising developments was not only did amazon cancel its move to new york, it said it's not looking elsewhere. it says instead of pick something other city, it will move forward with a similar project in northern virginia. it moved forward there and with a smaller operation in nashville, tennessee. liz: ocasio-cortez and the other democrats against this project are talking as if nearly $3 billion cash pile ready to go for housing or for education. there was never a cash pile of
$3 billion. it was tax credits over 10 years if amazon hit their job targets. right, connell? reporter: exactly right. i was speaking to a member of the state assembly who represents a neighboring district. he's in that ocasio-cortez cam and was i was making that point to him and challenging him on point he's making. it's not necessarily and i either/or. just because amazon would be coming here doesn't mean local businesses would necessarily be forced out, or if amazon is leaving here, that somehow that pot of money that was tax incentive could have gone to those local businesses. that won't necessarily happen. liz: it's striking that cortez and the democrats against this
deal were saying i.c.e., the border patrol guys have a contract with amazon cloud business. it's a platform for a million small businesses. it helps create and foster small businesses. the final point i make is this, the criticism coming from the democrats against cortez and those against it. they were arguing, cortez and other hard-left liberals were saying taxpayers would be subsidizing job growth. they are happy to suction dies the green new deal. reporter: one local resident earlier in the day said everybody looks at this -- it turns out in many ways to be a zero sum game. they were arguing about say the fact we don't like what we see as corporate welfare. maybe you don't like what you
see as corporate welfare. but now you have nothing. it wasn't as if you said we don't want to give them these tax incentives. now they are leaving so you are not getting the jobs promised. you have to be careful what you wished for. so what many people were wishing for aren't coming. liz: other news on amazon, amazon is getting attacked for reportedly pay nothing federal income taxes for the second year straight. reporter: amazon as you well know has been a colossal success transforming the retail landscape and speeding the demise of brick and mortar stores and raking in huge profits. it made double wait made the year before. but it got a tax rebate of $129 million. and that has infuriated many on the left. here is bernie sanders in a
tweet he made yesterday. our job, demand large corporations pay their fair share in taxes so we can rebuild the disappearing middle class. remember this? >> or maybe he doesn't want the american people, all of you watching tonight, to know he's paid nothing in federal taxes. >> that makes me smart. reporter: that makes me smart. thanks to the tax code, amazon and other u.s. corporations can deduct costs forward research and development as well as stocks paid to executives. amazon has been exempt from state sales taxes and has been able to leverage taxes. but new york's bag of incentives turned off many of those politicians. >> they did not need our $3
billion, they just wanted to shake us down for it. reporter: elizabeth warren says amazon just wawctd away from billions in taxpayer bribes because some elected officials in new york weren't sucking up to them. liz: amazon follows the tax code. it pays out a lot in stock-based the compensation then helps amazon workers share in amazon success. amazon has also spent more than any on ther u.s. company on research and development. that's lowers reportable income. local new yorkers were excited to see their home prices going up, including in the poorest neighborhoods. the housing market nationwide has been struggling, including
in new york. but buyers started pouring in as soon as amazon announced its choice as the second headquarters, but all of that has hhas he viep vaporized. >> there was a lot of interest in long island city in has been interest in longed island city for years. it was named the fastest growing neighborhood in america. liz: are you hearing from those same folks looking to buy, are they looking to get out? what happens now to those deals? what happens to the local market? >> the local market is business as usual. it was a hot neighborhood three months ago and it will continue to be a hot neighborhood. liz: are you just being a real
estate guy? >> no. it's unfortunate for the neighborhood of longed island city for all the local businesses here. one thing about long island city, it's a bedroom community and people pretty much just come here to sleep. and there are businesses suffering for years because they don't have the foot traffic other areas have. liz: are you hearing not just from your fellow realtors but also from businesses that they are upset the amazon headquarters is now gone? are they upset? >> they are jury was at all the local elected officials. and everybody, the children of new york were a sacrificial lamb. this is really devastating. liz: why the children of new york? >> it was an opportunity for 25,000 people to get jobs. 1,600 of those from queens
bridge house. now 25,000 people who won't be able to bring a check home or buy groceries. liz: we have been reporting the total average salary $3.10 billion. is that what people are talking about? >> yes, that's exactly what they are talking about. they are talking about the $900 million in annual revenue that were lost. no one is taking into account how much sales tax would be generated from this. i have one message for jeff bezos. we want you here. we started a petition a week ago. we have had 200 people sign that petition. we want you here. let's try and make a deal. liz: thanks for your reporting. let's check amazon stocks. the shares are down slightly on
that dmiews. it was a down day. gerri: amazon canceling its h2q plans. they said they needed collaboration and they didn't get it. what's at stake is 25,000 jobs with a median pay of $150,000. the come says we'll generate an investment of $27 billion over 25 years. the did did not have that. it what's we are looking at. a tough day for the markets, liz. liz: next up on "the evening edit," this could be coming and now it is, president trump will declare a national emergency to
by pass congress to get already appropriated money to build the border wall. the supreme court ruled that yes he can do that. later in the show, remember the sky is falling forecast from the media and the analysts in december and january that a government shutdown will trigger a recession? we have the economic stats. we are fact check everybody off-base claim by everyone who said it in the media. ok look, if you're not the lead dog, the scenery never changes. that's why this is the view for every other full-size pickup. and this year, it's déjà vu all over again 'cuz only the ford f-150 with its high strength, military-grade aluminum alloy body gives you best-in-class torque, best-in-class payload... and you got it, baby...
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bill, and he'll declare a national emergency to by pass congress to get already appropriated money to build a border wall. brad blakeman, what do you think? >> i think the president is doing exactly what he was required to downed his oath of office to preserve and protect the homeland. whenever there is crisis in america, what is the first question that's asked, did we do towing avoid it? did we connect the dots? it's incumbent upon the president to do the right thing and he is doing it. he's taking conscious at action and augmenting it with executive action as he should. liz: we started reporting this two months ago. there is all this talk that there will and court fight if he does this. the supreme court in 1993
supports the president reprogramming already appropriated funds. the gao. the government accountability office looked into it, too, and they found yes he can do it. >> that's right, he can do it. the congress has given the president the power. the president is acting within that authority. if it's challenged by the court, the court is not going to take away that was given the president. they won't subvert the president's authority for their own. especially this supreme court. liz: the pentagon has appropriated fund for the war on krugs in were no less than 30 national emergencies still in effect as of this year. brad, we had them for the diamond trade and swine flu. >> we have had it for a lot of things beyond our borders but affected our population.
that's what's happening now. mexico was complicit and other countries complicit in violating our sovereignty. the president has the obligation to stop it. republicans bragged all over the place they were willing to give $25 billion to this effort. what did they do? they gave the president a paltry $1.4 billion and tide his hands with all kinds of restrictions. liz: nancy pelosi says he created an it leweis at the bordered. >> she needs to go down there. >> it's going to be very, very exciting. but we have to pass the bill so you can find out what is in it away from the fog. liz: sorry, brad. are you still there. that was nancy pelosi saying we have to pass it to know what's in it.
how in the world will congress read 1,200 pages of the budget deal in less than 24 snow showers. >> they won't. leadership will give them an executive summary. if they had the time to read it, it's corporation by reference and other materials. you would have to read 30,000 pages to understand a 1,200-page document. it's all created by special interests and they don't know. that's a big problem america when our legislators are voting on things they have no clue about. liz: charlie rangel admitted that. he said we don't read the bills. we went through parts of the bill. here what else we found. the border deal has $14.9 billion for border patrol. $7.6 billion for i.c.e. and $192
million to help migrants at the border for medical care and busing them until they get their status. reporter: we have reports of a dust-up at the shelter in piedras negras. it's an altercation but is under control because of largely the big police presence outside the shelter. fell ralle police have been donning riot gear and posted outside. but tensions peaked between a handful. migrant after authorities would reportedly not let them leave to shop at some local businesses. refugee advocacy groups say emotions are running high and
emotions are building inside the shelter where 1,600 people wait until their turn is called. once that happens, it can take anywhere from 2 to 3 hours for the credible fear interview to be conducted. that's the first step in trying to seek asylum. if customs and border patrol agents or officials believe there is in fact a credible fear or threat, then they are passed on to the next part, and that means they are taken to a detention facility to begin the asylum process with the courts. this particular area can only process under 20 migrants a day because they just don't have enough resources or space for that matter to processor one *. so it could take a while to get
through the 1,600 to 1,800 over at that shelter in piedras negras. liz: google has joined apple. it says it will investigate an app created by the saudi government that lets saudi citizens access government services but lets saudi arabian men register their females and track them. google play store and apple's store post the app. johnson and johnson faces lawsuits saying their talc
product causes cancer. 22 women said asbestos in talc caused ovarian cancer. five people injured wednesday when a flight operated by delta from southern california to seattle hit severe turbulence. the night made an emergency landing in reno, nevada. three passengers went to the hospital. delta is refunding all tickets. we have record-high income. nearly a half million manufacturing jobs since president trump was elected. and the stock mark it still ticking near its record highs. where are all the critics who scared everybody saying a government shutdown will trigger a calamitous recession? we are fact checking that.
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liz: welcome back. you are watching the fox business network. goldman sachs ceo says the economy is still chug along, no recession. we have wage growth at 10-year highs. nearly a half million manufacturing jobs created since trump was elected. and the border bill has a retroactive 2% raise tonight for federal workers. remember how the media went into full panic mode how a shutdown would lead to a recession? >> it's looking less like a blip on the political radar and more like a serious economic crisis. what will the delay known for the greater economy without that money in circulation? >> there is plenty more made
aches to come if a deal isn't reached, aren't there? liz: nowhere to be found are the media experts correcting their forecasts made earlier in the year. let's bring in former gubernatorial candidate, john cox. >> the media always has to get excited about something. i have been an investment advisor for 30 years. recessions are caused when the federal reserve raises rates too high or some other shock happened to the economy. a government shutdown might be beneficial to the economy. the federal government is a wet blanket on most of business as we know. all those great numbers you cited about wage gains and business starts and growth in income. a lot of it is attributable to the cutting of regulations and
taxes by president trump. the members of congress who participated in the shutdown should look in the mirror. the shutdown isn't going to cause a recession. liz: federal workers did feel the hit to their paycheck. congress has yet to pass a bill that says we'll forego our pay if we do a shutdown. so there is no recession. the economy is still growing. goldman sachs says noise recession in sight. >> i will tell you my small business is doing well. but we have to keep the pedal to the metal. i would like to see us get rid of red tape and regulation. in california small businesses being smothered by regulation and litigation. liz: to your point.
income inequality, the critics are saying is not fixed by the government. the government creates often wasteful programs. we double the federal debt, there is still income inequality. half much a lower bracket moves higher and half in the top went down. fox news is showing people more optimistic and according to fox news more people want capitalism. they do not want socialism. they totally reject it. >> and they can look at the history of the world. look at what the united states has been able to do. we get investment and productivity. that comes from capitalism. that comes from new business. it comes from making workers more productive. you know what hurts or stand card of living? government regulations and red tape.
when you are filling out forms or arguing with a pure got, you are not producing something. and if you are not producing something, you won't have a higher income. we need politicians who focus on improving the productivity of american workers. liz: you know who used to sounds like you? al gore and bill clinton. john cox we always love having you on. nicolas maduro telling the associated press he'll not resign. he's vowing rebuild the economy chat socialism destroyed. if trump takes his quote infected hands ovens. the analysis pouring in, latin american countries and south american countries prior to trump venezuela has been problematic for years. maduro is saying the u.s. is trying to take venezuela's money
and so forth. he's still blocking aid at the bored. we'll have retired lieutenant colonel allen west coming in next. every day. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- metastatic breast cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai.
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feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands? liz: nicolas maduro the socialist dictator in venezuela says trump has an infected hand on venezuela. let's talk to retired lieutenant colonel allen west. >> the thing we have to understand is it's the policies of welfare distribution and nationalization that led venezuela on this path. it has nothing to do with president trump. liz: he's worried the trump sanctions are biting hard on the
oil sector. russia owns about half of the shares of pdvsa. here is more breaking news out of venezuela. the chief prosecutor in venezuela launching a criminal investigation into interim president juan guaido because juan guaido appointed a new board to oversee the state-owned pdvsa and citgo. he's trying to threaten guaido with prison for pushing for democracy. >> one of the things you talk about nationalizing the economic production of the oil and gas industry. maduro has been putting his cronies in there. so what mr. guaido has done is put the right type of directors in there that will understand sphiewt free economic policies to help venezuela be one of the most of lucrative countries in
south america. liz: maduro and his cronies have taken money out of venezuela and it in accounts in the turks and caicos. the president is saying all options on the table. here is the special envoy to venezuela testifying on capitol hill. watch. >> if your general looked down at the ranks, you know your own people in the army are starving, what about their brothers and sisters and mothers and fathers? so we think that this opinion is spreading within the military that the current situation is untenable. and we hope that there will and decision on the part of many in the military first not support the maduro regime, and second
not to block desperately needed humanitarian aid. liz: security forces worried maduro will use the military to take shots at the military. >> there is probably a close force that protects him. but the rank and file of the military will see what's happening. when they are not getting paid, when they are starving and the people closest to maduro are not. they will be able to rise up. i expect something to happen. and cuba should be ashamed of themselves when they have 15,000 to 20,000 people there. those estimates, 15,000 to 20,000 agents on the ground right now. liz: colonel, thank you so much for your insight. we appreciate you coming on the
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moore belittled trump's economic policies. >> gdp is great, unemployment is at an all-time low. african-americans are doing well. hispanics are doing well. wraidges rising at the fastest pace in 10 years. blah, blah, blah. liz: them kevin mccarthy tweeted. from the party that claims to be for the people, this ways we found. the congresswoman ridiculing the tax cuts as not helping the middle class. tax policy center found 80% of all taxpayers get a tax cut. great to see you, joel. >> i am absolutely astounded at the misinformation that's been spread. i'm a fellow lawyer as is
senator harris. but even as a sphe low lawyer we get to plern basic plath. the bottom line is the average family of four, a middle class family is seeing $2,900 a year extra in take home pay. and for her to suggest having a smaller tax refund could lead to a tax hike. >> you are make an interesting point. this fight for income inequality means the government could take more money and run things badly. the pushback against the democrats. here is what joel is saying. "the washington post" went after presidential contender kamala harris and gave up her four i mosquito yoas. harris tweeted out trump's tax cut is really a tax hike because
refunds are down. ed the example that kamala harris is based on is small, and the government was not processing tax returns because of the shutdown. so there is a lot of problems with any analysis with the refund coming in, right, joel? >> a refund is really is the refund of an interest-free loan you have given to the government over the year. we should want them to be as low as possible because it means we have lent the government less money over the year. every analysis left wing or right wing is clear the typical american has saved money, thanks to the tax cuts. >> great to see you, sir. we'll be right back with more show coming up.
elizabeth: chuck schumer now joining alexandria cortez and ed markey for fast tracking a vote on the green deal arguing that connell is unfair, trying to sabotage and silence them for letting senators vote on something they proposed. let's bring in trump 2020 campaign advisory board member, also with the national diversity coalition for trump. madison, your reaction. why are they so mad? >> well, they're mad because they know it's not going to pass, they know it's an absolutely unaffordable, ridiculous idea. we have democratic senators like joe manchin coming out saying, you know, this isn't a deal, this is a drain. i think nancy pelosi said something similar, snubbing the green new deal. it's absolutely ridiculous. i mean, you look in there, and towards the end they promise free health care for all, they promise access to clean water,
clean, clean energy, nature. they're promising the most ridiculous things, jobs for everybody, even people that don't work, jobs for all americans. it sounds wonderful, but we could never afford to do something like this, nor in reality would this work. we have to live in reality. elizabeth: guaranteed jobs, guaranteed income for folks unwilling to work. even nancy pelosi ridiculed this saying, quote, the green dream or whatever they call it. nobody knows what it is, but they're for it, right? madison, it's like when pelosi said we have to pass obamacare before we find out what's in it. that's when's happening with the budget bill too -- that's what's happening with the budget bill too. what's your take on if this came to pass? >> i think this would be extremely detrimental to the american people. it wouldn't be affordabling. we're already in so much debt in this country that we shouldn't with in, so we need to be
passing, you know, bills and legislation that's actually going to have a positive effect on the american people. and i think more people are paying attention now than they were in the past to what their congress people are doing. i think that will help because when elections come around, a lot of these people will be voted out, and it'll definitely hurt democrats in 2020. elizabeth: there's also this mantra of do as i say, not as i do. alexandria cortez, according to her office, does drive a gas car, and i don't see a lot of congressmen with solar panels on their houses. >> no. they pushed obamacare down the throats of the american people, but, of course, they continue to have the best health care around compared to the rest of us like my family who had to switch to a different plan twice. and so it's really disappointing to see them continue to behave this way. it's do as i say, not as i do, and this is just another example of that. elizabeth: okay, thank you. >> they're driving around in these cars. elizabeth: madison, you're great.
thank you so much for joining us tonight. and thank you for having us in your homes. thank you so much for watching. lou dobbs is next right here on the fox business network. have a good night. ♪ ♪ lou: good evening, everybody. this has been an historic day, and tomorrow promises to be as well. the senate, and later tonight the congress as well, will have passed what is an 1159-page bill that is known as h.j. 31, appropriating monies for the homeland security department, incorporating the border security conference committee's border security compromise, so-called. that keeps the government running, no shutdown, if indeed president trump does sign the legislation. the late hour of the congressional vote means the white house will take up t