tv Your World With Neil Cavuto FOX News February 15, 2017 1:00pm-2:01pm PST
keep going up. you know what happens. eventually she will make a turn. neil cavuto will have all of your business news coming up. politics coverage concerns on america's choice for news information on cable. this is fox news channel. ♪ >> neil: rumor has it that that dog and the song she was dancing to are the reasons why the dow surged today. welcome. i'm neil cavuto. i know what you're thinking, neil. you are out of your mind. we had strong retail sales, a pick up in economic activity, a pick up in factories. it was the first day of trading after the singer adele swept the grammies. and now with a dog winning the
westminster kennel show named rumor has it, i think that's a market's way of saying hello to a rally. get it? hello. okay. i'm trying here, folks. you have to work with me. but again, interesting, right? beautiful dog. wonderful song. the adele rally ensues. you can see the adele fans and rumor has it fans. the fact of the matter is, this market is not going to the dogs, is it? okay. tried. basic cable. did you think this was a premium channel? we have michael goodwin here. he will sort of upgrade this place here. michael, are you an adele fan? >> i actually prefer the dog. >> really? >> thank you for helping. you know, it's funny. i did want to make the points,
stocks were up. it does show a different world than the consternation and the chaos of the way it's being reported, going on. if investors were worried about this, they have a funny way of showing that. explain that disconnect and why stocks were going one way and the political conversation is going another. >> it's still a trump rally. it's about a positive expectation that his policies will lift the economy. that is the hope. the market, if it's looking forward, as it normally does, six months or so, it should -- we should see economic growth picking up. we should see more jobs, rising wages. we should see more vibrancy throughout the economy. now, whether that will happen, some of it is clearly already happening slowly through some of the executive orders the president is pushing, deregulations. for the economy to roar, we have
to have serious tax reform. the tax structure is an impediment to growth that the country wants and needs. specifically, those are the voters that put donald trump in office. the people that feel that the economy is not working for them. the globalized system is not working for them. his pledge to bring back manufacturing jobs, to get 3 to 4.5% growth a year is predicated on tax reform. i don't see much tax reform happening in the house of representatives yet. >> neil: one thing that is interesting, the markets seem to be sure that this will happen. the tax change will happen. the tax cuts will happen. the regulatory relief will happen. you and i both know when we have drama developing in washington, people leaving and now the choice for labor secretary is stepping down, you would think this that would be a distraction or seen as a distraction.
but no sign of that yet. someone will be wrong here. >> in some sense, part of this is that the noise that we get out of washington and the media in particular is not really what is happening in the rest of the country. it's very much a parochial issue. they look at washington and tune in it because it's politicians fighting with each other. i think that the real focus has to be on economic growth. i saw paul ryan speaking saying we're going to do -- repeal obama care first. that will take us to the summer. the summer and the fall we'll do tax reform. that has an easy way of ending up, getting pushed back further. >> neil: absolutely. >> unless you have the real tax cuts, particularly for corporate, simplifying the personal income tax system, which is so complicated. so many carve-outs and so many
favoritisms, it's a mess now. so unless the president pushing the house, particularly paul ryan -- because the senate is busy with the nomination process among other things. the house, i don't get a sense the house is doing anything. they don't have a clear picture on obama care. certainly hasn't begun to address the tax issue. it's striking. this has been a republican house since 2011. yet they really have talked about these issues. now they have an opportunity to do something and they seem to be just beginning. >> neil: here's where -- not everyone. i do see kevin brady, runs the house ways and means committee. he has an aggressive plan. but you're right. not everybody is in sync. and the priorities of the republicans with the repeal and replace of obamacare, maybe the priority was sort of mismanaged here. we'll see. >> and it takes time.
once you pass a piece of legislation even as big as tax, it will take time to filter through to get entrepreneurs the energy and confidence to go out there. so i think that they are running up against a clock frankly, which is the mid-term elections. if there's not economic growth by then from what president trump inherited, it will be an issue in the mid-terms. >> neil: don't forget ronald reagan. he was looking like a one-termer because it took awhile for the tax cutting bang back then. and he had the wind at his back. very good. always a pleasure catching up. >> thank you, neil. >> neil: as we touched on here, andy puzder is withdrawing his nomination as labor secretary. that was widely expected as more and more republicans were peeling off. it comes a day after the general flynn situation and what happened to the president's foreign policy staff and his foreign policy agenda. the former white house chief of staff, president clinton, so
much more, leon panetta. great to have you. thanks for stopping by. >> nice to be with you, neil. >> neil: let's talk about this. just getting a scattering of headlines. chaos at the white house, "the new york times." everything out of control, "usa today." bedlam in the corner office. always having to do with this notion that it has a frantic feel to it in the white house. i'm thinking to my everybody, it's barely four weeks old this white house. are they overstating it or what are you thinking about what you're seeing? >> well, you know, not being there, it's always a little hard to judge. but i think the problem, neil, is that there are just too many power centers in the white house staff. i was chief of staff. i believe there should be only one chief of staff who runs the
staff for the president. i think in this white house there are a number of advisors, a number of power centers. they still have not developed any kind of coordinated approach to decision making for the president. the national security council obviously now doesn't have an advisor. the national security council hasn't met with the principles. yet there's crises that we have to deal with in the world. so i think there's a concern that, you know, every white house goes through a shakedown period. the reality is that this one seems to be much more disruptive than most. >> neil: now, when you came in, did president clinton give you free reign to do what you wanted and get the word out? he's going to bang heads, he's going to make things right and give us some discipline? because i get different vibes
with different chiefs of staffs. what was it like then and what did he let you do? >> that was the whole point. he said i need you to bring order to the staff. i said if i'm going to do that, i need to have your trust and your full authority to be able to do it. my first responsibility, frankly, was to develop a chain of command. my military experience was probably more valuable to me than my political experience. so i developed a very strong chain of command with the chief of staff at the top. i had two deputies. they had assigned duties. very frankly, i got rid of these general advisors and counsels. they didn't have any specific responsibilities. these people would wander in meetings and talk, they'd walk out, they didn't have any specific job to do.
i told the president -- >> neil: what would you tell them to do? get out? they had to check with you first? i always wonder, you hear the friends of donald trump for some time now. we saw them in the last administration as well. you do have these, for want of a better word, kitchen cabinet advisors. too many here? what would you advise? >> again, i think the white house can't operate without discipline. it has to be tough discipline. there's got to be one chief of staff. frankly as chief of staff, i made it very clear that i would control access to the president. not only by other members of the staff, but also by the national security advisor because i wanted to know exactly what was going on in order to properly serve the president. i think i they need to establish that kind of very firm discipline within the white
house. priebus, who is chief of staff, needs to have the authority to basically run that staff. until you have that discipline, you're not going to be able to coordinate the workings of the staff in order to better serve the president. >> neil: you know, there's different cases, different times, different approaches. many do come out of the gate clumsily. you can go back to ronald reagan and the delay it took in getting the tax things through and doubts about whether it was going to work. lose seats in the mid-term elections. some of this is to be expected. you think given the acrimonious nature of president trump's and his ill view of them that it's compounding matters? like a got-you approach on the media. we don't like you, mr. president and guess what, we don't like
you? and that's making things worse? >> right now, you know, the white house is dealing with too many problems. they have problems obviously with the national security advisor who just resigned. they got problems with the national security council problems. problems with their ability to deal with various issues in a coordinated and thoughtful way. so the press is pouncing on all of that and creating even more problems for the white house. it has to start with organizing the white house, doing the job the way they're supposed to do it. you're always going to have problems. always have crises to deal with. that's understandable. but the chaos in the process within the white house is what is creating even that sense that somehow the white house doesn't have its act together. that has to be corrected. >> neil: but i look at the
economic side as well because maybe i'm the in order and i follow the markets and business. on that avenue, it seems to be doing very well. wall street likes what it hears and sees and the tax cuts. whatever people think of that stuff. the fact of the matter is, wall street likes that. races to new house. confidence on the economic agenda is sound and its approach is right on. you seem to be saying be careful here because all this other stuff could stymie that, get in the way of that, right? >> i think wall street is operating on the hope that the things that the president is saying will ultimately be delivered. that's understandable. but in the end, it's got to be delivered. the biggest part of that is the tax reform measure that's going to implement whatever tax policies the administration wants to implement.
>> neil: you think that is in perilland? you think that can be delayed because of this so now we're in the mid-terms and it's off -- >> you know, i think the problem right now is he's been caught up obviously in a lot of executive orders. he's issued about 26 executive orders. a lot of those are frankly just glorified press releases. no president can operate by executive order. he has to forward to the congress, the proposal of the administration on how he's going to reform the tax system. that ought to be a recommendation that comes from the white house. he's going to have to forward his budget. what is it that this president stands for? what are his priorities? >> neil: we'll know soon. >> shepard: sends a budget to the congress. i see none of that. >> neil: all right. leon, thank you very much. i apologize for the slight audio delay. leon panetta. it's all about discipline on the
right or left. he's right about that. again, stepping back on team trump, it's not even four weeks as president trump. stocks are up on a lot of the tax cut talk. well, adele. why is that? got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance
>> i would be pretty bullish for the u.s. economy in the next two to three years. >> neil: you know why martin runs the largest advertising concern on the planet is so bullish? they see wpp and others see what's going on here in the united states could not only improve our economy and get markets going, as has been the case for a while now, but all the world markets. we'll have more on that and whether he agrees with that. there's this disconnect. you and i have discussed it with the chatter in washington and
disarray and what wall street sees. someone will be very wrong. what do you think? >> wall street has blinders on. okay? right now wall street is like this, neil. we just want to see tax cuts. we want to see regulation cuts. we want infrastructure building. i'll tell you what wall street wants the see and we're starting to get it, one thing to talk about animal spirits. they're beginning to stir. we know they're stirring on wall street and stirring in a board room. but they're manifesting into reality. the last 24 hours, we heard from small businesses through the roof. today manufacturing in new york state through the roof. the best number in two years. retail sales, the best number in two years. so it's one thing to put the groundwork there that we know obviously is the perfect backdrop for growth, which are the core of president trump's economic policies, but now the part about getting people to buy in. so far so good. >> neil: you never want to be a
party pooper here, but i think the message that leon panetta is getting to, and he's not a fan of this president, a democrat, but one of the things, when you get your priorities right, things that you really want to get done get pushed back or the priorities that looked favorable are pushed back. so let's say all of a sudden it's the held care thing and it's more of a distraction than republicans home or consternation over finding a replacement for andy puzder. this pushes back the tax cuts and brings us into a mid tern nightmare. with the passage that ronald reagan got, he lost 26 seats. >> every president loses seats in the mid-term. there's more republicans running in states that hillary won. to your point, disarray. it's a threat.
it's a threat to the rally. it's a threat to the economic recovery. 317 companies reported this period. 85 talked about taxes. 63 talked about regulations and 58 talked about trade policies. your point is right. they cannot fumble the football. obama care is going to implode. we heard the health care companies, humana, aetna saying this is dead on arrival. 2018. they have to get their act together. the gop has to work with the president to make this stuff come to fruition. >> neil: thank you. good seeing you. meantime, all the talk about the republicans have no replacement. rand paul has had one for a while and he has it and it's here. ain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence.
dissolving from the top up. that's what many washington punditry and others have been describing what's happening to president trump here. everybody is saying he's crazy, he's out of it. a head case. i don't remember the same being mention when jimmy carter was in trouble or ronald reagan or bill clinton. i've starts out with sort of regime rockiness when things first get going. so dr. keith, i think what they're saying is the guy is crazy. donald trump. it's coming back in spades to bite him. what do you make of that? >> crazy like a fox maybe. no, listen, neil, i wrote a blog nor the opinion section today at foxnews.com saying exactly the opposite.
haven't examined the man personally, but you can't run a multinational corporation, enjoy the respect and love of your children and your wife and recruit to your administration, which by the way you happen to be occupying because you defeated 16 republican primary opponents and the heir apparent to a democratic administration and be called unbalanced. he's quite balanced. he's achieving things no one else has achieved. that doesn't mean he's usual. he can beextraordinary. he can have a very different approach. but to call him crazy would be, well, crazy. >> neil: you know what happens, a lot of times they focus on the things that side track him. even though by discussing that, they're getting side tracked discussing getting side tracked. leaving that aside, starting out the administration, talking about crowd sizes and the inauguration or the ratings of
"the apprentice." are these the things the leader of the free world should be zeroing in on or do they do it to various degrees, he's just more public about it and just doing -- wearing his emotions on his sleeve? >> he wears his emotions more on his sleeve. number 2, i'm not sure he doesn't do some of these things to disassemble and sort of to distract. after all, the media falls all over themselves for a one-liner from donald trump. cover it incessantly while he goes about his business. he's going to bring america back. some might be cat and mouse. there's a lot of mice out there willing to fall for anything that donald trump puts out there that looks like a red herring. they'll take any hook. >> neil: one of the things i notice on the left and the right, the media is more thin
skinned than any president. by that i'd say, president obama ignored us and many of i'd say cnn gets annoyed and then they don't like the same treatment. so i can understand the frustration with that. i wonder if president trump plays into that too much? he gets what is coming to him when he does this sort of thing that he encouraging the sort of tit for tat that he gets? >> look, i think it's his game. mohammed ali used to do the rope-a-dope. there's a little of that going on. frankly, you know, when i trained in medicine, part of my rotations were through surgery. some of the best surgeons, they had some quirks. right? errant word, something yelled out in the o.r. you know who you want doing your surgery? those very guys. they want the polished ones. they were the geniuses, man.
we have a genius in the oval office. if we think he's going to subscribe to protocol and be flawless and polished, think again. they -- >> neil: here's what i hear from the market guys. they could be wrong. talk about serve absorbed people. they are convinced that if he's not careful, the president, these distractions will get in the way and they're not going to get anything that they want, nor what he says they're going to give them. >> well, you know, what i'd say is recent history being something of a guide, i'd be loathed to judge a man that have deficits that don't pay off. through all of this, people have said no, it's impossible. he can't win. look what he said. he's president. my guess is that at a certain point we'll come to embrace his idiosyncrasies because they will work for all of us and we'll all
have successes to boast about. >> neil: he's where he is and they are covering where they are. good seeing you, doctor. >> thanks, neil. take care. >> neil: rand paul on why he walked out of the healthcare meeting and beating the rap that republicans don't have healthcare alternatives. he's had one forever and it's ready now. unlike ordinary diapers, pampers stay up to three times drier,
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and we're usaa members for life. call usaa today to talk about your insurance needs. >> neil: a case of the right wrongs? some students, faculty at the university of chicago blame protests for corey luwendowski. it might not happen be past is any indication of progress. we have more from the university of chicago. what is it looking like there? is everything still on? dicey? what? >> we're about an hour away. a big crud is here at the site of this speech by corey luwendowski. his speech is "america and the
trump era." sean spicer was here about a month ago. it's part of david axlerod's commitment of hearing both sides of the story. david axlerod is no fan of trump. here's a statement from the university. that's their idea. david axlerod speaking back to the students saying i respect your right to protest but quoting him now "you can't be an institute that is there to promote democracy and shut off discussion and debate and we will not." the speech will go forward. he's committed to hearing both sides of the story. axlerod said, and i quote him, neil, he said "we're in a cycle if we can't hear both sides of the issue, we are in a cycle of mutually assured destruction and the ultimate victim will be
explain. >> i think the replacement plan that we put forward is now the conservative plan. the how freedom caucus has endorsed it. they will officially endorse it today as their plan. it's being introduced by congressman sanford of south carolina. it does three things. it legalizes the sale of inexpensive insurance. it gets rid of the mandates that added expanse and people can save their insurance to pay their deductible, to have weight loss, exercise, vitamins, presentative care in an hsa and lets individuals join an association can they can get a cheaper price. the goal is to insure the most amount of people at the least amount of cost. >> neil: now, update me on what happened with speaker ryan's people and then the freedom caucus? was there some provision here? what? >> i think maybe that might have
been overreported. i think i might have been having a grumpy day. i wasn't upset about any kind of interaction. we had polite interaction about differences over obamacare. i would say the republican establishment position is that they're going to keep parts of obamacare. i don't think obamacare light is what we should do. the house was elected, republican, in 2010. the senate in 2014. the white house in 2016 on the promise that we would repeal obamacare. root and branch. i think we should do it. keep our promises. repeal it. give more freedom to the individual, more freedom to the states and try to make insurance less expensive and help people to buy it by making it less expensive. let's don't have another big government program or keep any bit of obamacare. >> neil: what was the reception you got from speaker ryan on that? >> you know, i got the perception that many people
think that they have decided without the rest of us. and my point was conservatives are not on board. we were for the repeal we passed two years ago, the last time we voted on obamacare repeal, we voted to repeal as much of it as possible. the house freedom caucus voted to say their caucus, the official position of all 40 members, they're not for obamacare light, they're for repealing the whole thing. my message to the speaker was, he will need to talk to the conservatives. my message to the senate republicans, they need not to ignore senate conservatives. it's a narrow margin. i don't want to get to the last minute where something is chipped -- shipped over to house that is obamacare light. it's no voting for partial
repeal. i'm not voting for partial repeal. i want the whole repeal. we did it once. virtually everybody republican supported it last time. now are we weak-kneed and saying we're not going to vote for the whole thing? vote for the whole thing. >> neil: when you say "vote for the whole things" does that include repealing and replacing with your idea? because the president seems to be closer to that mindset after listening to you some weeks back. i'm wondering, where will this go down? if everybody agrees on repealing, the only issue is replaceme replacement. >> neil: i don't think we agree on repeal any longer. many republicans are saying, well, let's just partially repeal. let's keep the taxes or let's keep the medicaid expansion. there's a lot of disagreement now on repeal. so conservatives are trying to get our message out that we're not going along with a partial
repeal. we either say we're going to vote on the previous repeal or we're not voting for it. that needs to be a strong message, a loud message to leadership that we ran on a policy of repeal. we're not supporting partial repeal. if that message doesn't get through, we're going to have a big fight -- >> neil: are there enough that share that view or could this get stymied here? a lot of people have said we shouldn't have made this our signature issue. maybe tax cuts, corporate reform or something first but not this. >> there's 40 house freedom caucus members. they're on report for complete repeal. now they're on record supporting a version of my replacement bill. that's plenty to say to leadership, you're not going to roll over the conservatives. you have to talk to conservatives. conservatives are closely aligned with the grass roads. i travel the country. i was in primaries in 40 states.
they want less expensive insurance in a market-oriented replacement, but they don't want a federal program. they don't want obamacare. they want us to repeal the whole thing. >> neil: switch gears here. you said it makes no sense for the republicans to investigate the president over this general flynn situation and democrats immediately seized on that saying, well, it was all gung ho on going after hillary clinton. not so when it's something in his own part. you say what? >> the point i was trying to make, there doesn't need to be a politicized investigation. law enforcement is free to investigate people that they think broke the law. if someone broke the law here -- i'm not sure if a law was broken -- if they did, we have mechanisms for trying people in the court. we have law enforcement that indict people and prosecute. i don't want a politicized investigation here that detracts from doing what we need to do.
>> your colleagues say that's what republicans did to hillary clinton. the goose gander thing, i understand, but it's different now that the shoe is on the other foot. what do you say? >> neil: the question was probably more of a political question with hillary clinton and wasn't one of indictment or not indictment. there was a corresponding or linear track that was a legal investigati investigation. my views might the different. if you tell me tomorrow the fbi is investigating certain individuals. until i know there's a legal investigation, we don't need a political witch hunt. why don't we let the law enforcement people that do real investigations, let them do the investigating. >> neil: do you find it odd that after we know -- we certainly had general flynn talking to the administration about this issue and that weeks ago it knew that more than it was saying it knew.
that that alone says he shouldn't have been on top security meetings. >> the things that worries me most, we have high-ranking officials listening to phone calls and revealing highly classified information to the media. they should be in prison. they should be in prison a long time. it's very, very sensitive to be recording phone calls of our high-ranking officials talking to other government officials. they say we're investigating them. you know what? somebody needs to let me know, was there a warrant gotten, did they have a specific warrant to listen to anybody's conversation? it's never legal to release that to the media. >> neil: maybe those agencies were turning on the very people that were going to be running them. >> say that one more time. >> neil: maybe the agencies were turning on the very folks that were going to be running them. >> well, that's a real problem. flynn had been a critic of the intelligence community and the intelligence agencies. so are we going to let unelected
people secretly reveal top secret -- a conversation with the nsa director to the russian ambassadors i think would be top secret. i don't understand how someone could just get away with revealing that. if we catch whoever did it, they need to be prosecuted. that's more important than anything else. you can't have a government with people releasing secret information to try to pressure, blackmail or remove people from office. >> neil: senator, we'll watch it closely. rand paul in washington. >> thank you. >> neil: judge andrew napolitano is asking the same question. he's next. where's frank? it's league night! 'saved money on motorcycle insurance with geico! goin' up the country. bowl without me. frank.' i'm going to get nachos. snack bar's closed. gah! ah, ah ah. ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪
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so is judge napolitano before any of this came to light. this is the biggest sin of all. >> i agree with what he said. think about general flynn's background. his last job in the military was as director of the defense intelligence agency. that's the military spy. the chief spy for the military. as the chief spy for the military, he knows who is listening to every phone call in the united states. it's the nsa. i'm holding up my iphone here. they listen to everything we see, whether on the phone or in the vicinity of our voices. so he knew that while speaking to the russian ambassador of all people, everything he was saying was being recorded. he thought by american patriots. turns out by american scoundrels that are willing to release the contends of what he said to get him fired and to humiliate his boss. why do they want him fired? because as a spy he knows all their tricks. he knows where bodies are buried. they don't want something like that running the nsa and they
don't trust the president. now the president is confronted with this problem, neil. will the intelligence community truthfully and accurately tell the president what they know about threats to the united states or do they not trust the president and will they keep vital information from him? they, the same people that leaked the stuff about general flynn. bad situation. >> neil: yeah. it comes on the heels -- remember when the conversation got out, the president had, a feisty one, with the australian prime minister. that shouldn't have gotten out. somebody at the state department was rumored to release it. these are agencies, bureaucracies run amuck. >> yes. can they frustrate the president of the united states? under the constitution, no. under the laws, no. under common decency and morality, no. donald trump is the president. if they don't want to work for them, they should quit.
they don't have the right to withhold information from him or leak what they think will embarrass or frustrate him. that's what senator paul was complaining about and that's what the public needs to know, this is a very dangerous situation. i cannot think of anything like it in your lifetime or mine. mine is longer than yours. but i cannot think of anything like this, neil. where the man in the white house has to fear not work with and rely on but fear the intelligence community. >> neil: all right. it is scary stuff. judge, thank you very much. sorry for the truncated time. so the leaks or what is leaked? after this.
back then, democrats in a very compliant media talking about the stuff i got out but who is behind getting the stuff out. back then, a democratic president decrying that mattered. right now a republican president decrying the same thing. well, that doesn't matter. let's just say it proves democrats can't say they are not sinners, not when they say tax cuts better be paid for because we certainly don't want to add to the debt. even though they were perfectly fine with all the spending that wasn't being paid for and added mightily to the debt. now they want to get to the bottom of these revelations concerning a former national security advisor who is a republican. during the campaign, they only wanted to get to the bottom of who is behind different revelations concerning a presidential candidate who was a democrat. back then, democrats said what was revealed about other democrats was really much ado about nothing. now what's been revealed about
republicans oh, that's something. to review, a waste of time then. the stuff of around-the-clock investigations. they say turnabout is fair play but that doesn't mean it's still not a play, and act, show if you will. rage over who knew what and when because it matters now. not so much when it concerned hillary clinton and electing her president was all that matter then. you really can't have it both ways. for democrats to say leaks were an abomination then, not so much now. it's true it works for republicans in reverse who don't much like the shoe being on their foot. save the media who just prefer kicking only with that shoe. much more focus on catching a new administration they never saw coming then being a tenth as aggressive covering a woman they were all about anointing. politics is politics. fake ranges fake rage, faker, it
seems, then fake news. but it's just me. good night. >> i'm kimberly guilfoyle along with juan williams, eric bolling, dana perino, and greg gutfeld. it's 5:00 in new york city and this is "the five" ." today president trump addressed the firestorm that has erupted following the departure of his national security advisor, mike flynn. the president asked for general flynn's regulation due to an eroding level of trust according to the white house. but he defended his former aide earlier and blamed illegal intelligent leaks for bringing flynn down. >> michael flynn, general flynn, is a wonderful man. i think he's been treated very, very unfairly by the