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tv   Cavuto Coast to Coast  FBC  January 9, 2017 12:00pm-2:01pm EST

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stuart: follows al appearance by the alleged shooter in fort lauderdale. what a day. what a day to start the week. our time is up. thanks for joining us on this monday morning. neil, it is yours. neil: stuart, thank you very much. we're following intriguing developments at trump tower. not more appointments or name, who will settle the veterans issue, who runs the department, look here, mitch mcconnell, wrapping up powwow with the president-elect and health care issue came up. >> president-elect and i had a good meeting about the senate agenda, which includes confirming cabinet appointments, betting further down the road toward repealing and replacing obamacare. we simply talked about the senate agenda and our ready to get going once he gets down there. >> will you pursue the process without going through vetting, financial records? >> everybody will be properly vetted as they have been in the past.
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i'm hoping we get up to six or seven, particularly national security team in place on day one. neil: the vetting process senate leader is referring, consider some of the democrats, argue they are rushing to the confirmation table so quickly, they haven't gotten their financial disclosure forms out or done, or any conflict of interest therein. they include, betsy devos would be the education secretary, wilbur ross for commerce and general john kelly, homeland security, they are the four not as least filed as of yet their conflict of interest forms, but would not be there for the actual committee hearings. that doesn't necessarily mean those forms wouldn't become available when the senate itself votes on each and all of these individuals, but it does come at a time when there is debate back and forth whether the president-elect and republicans in general are rushing these names. there is precedent by the way,
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both barack obama and george bush before him would have as manials five confirmation hearings on single day as will be the case here. it is getting a lot more scrutiny because forms are not in order or there is a lot of political wound-licking. several other people referring to the fact that health care repeal effort might be getting stymied. got a hint from no less rand paul, kentucky senator, he is too for repealing the health care law but wants to see a replacement in there immediately, so there is no consternation or confusion. she is saying mechanism republicans are trying to get this thing resolved would add to the deficit and the debt about $3.8 trillion worth, conservatively, up to $9 trillion on more liberal math next 10 years if they want it to go through the way republican want to get it through. it gets gobbledygookish here but
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liz, let's go first to the message the leader is sending, that is, mitch mcconnell sending on these appointments. it will be fast, you know, boom, boom, boom, but he doesn't envision any problem particular for the military appointees. what do you think? >> he is absolutely right. he made a good point when barack obama came into office in 2009 he had seven nominees already confirmed on day one. so, i think it should be the same for republicans and that is what majority leader mcconnell is trying to do. really democrats don't have a good argument especially on military leaders. they have the waiver for general mattis. these are very respected leaders that really they don't have a big argument against. i think it will be smooth and republicans control the senate. they want to crash in all these so the democrats don't have a cohesive message against one of
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these nominees to derail them. neil: you know, donald trump is at the trump tower right now. let's listen in to this here. >> had a great meeting and a great, great entrepreneur, one of the best in the world. he loves this country and he loves china. loves china and loves america. mr. president-elect, would you wrapped meetings on friday of intel officials. there was question -- >> we'll talk about that more. >> julian assange -- >> we'll be talking to you very soon. >> russia was in the hacking -- >> we'll talk to you about that at another time. we're going to be, yes, we had a great meeting. it's jobs. you saw what happened with fiat, they will build a massive plant in the united states in michigan. we're very happy. jack and i will do great things today, small business, right? >> building small business. >> earlier confirmation hearings coming up?
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>> confirmation is going great. >> haven't -- >> i think they will all pass. i think every nomination, they're all at highest level. jack was even saying, they are the absolute highest level. i think they will do very well. >> there is concern about jeff sessions in particular? >> no. i think he will do great. high-quality man. thank you, jack. >> speak a little bit more, mr. president-elect, talk on wednesday -- neil: it is rare for the president-elect to come down with someone who he had a chat. jack ma, alibaba head, sort of like their yahoo! if you will, but so much more. he is going to be investing a lot in u.s. jobs. let's continue to listening what he plans to do. >> so we mainly talked about small business and young people and american agriculture products in china. we also think that china and u.s. relationship should be strengthened, should be more friendly and do better. >> [inaudible]
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>> i think the door is open that we can, be open discussing relationship with trade and -- >> are you worried other countries will do the same thing, retaliation with higher taxes on -- [inaudible] >> i think the president-elect is very smart. he is very open-minded. i tell him my ideas how to improve the trade, especially supporting small business across-border trading. >> president-elect during the campaign was his concerns about working with china. did he express something different with you now? >> he has concerns. he has solutions. he wants to discuss with china and us, that how we can do better. i advise and suggest we can go through the business community to understand the situation better and do a better way. thank you. >> talk about -- [inaudible] >> no, we specifically talking
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about we will create you know, supporting one million small businesses, especially midwest of america. small business on the platform, selling products, agriculture products and american services to china and asia because we're pretty big in asia, southeast asia. >> [inaudible] >> midwest, and the agriculture products and also some products like wine and fruits and -- >> [inaudible] >> we had a very nice discussion. thank you. thank you so much. >> thank you, jack. neil: all right, you've been listening to jack ma. he is the ceo and chairman of alibaba, the big chinese concern. he has had to walk a tightrope here between authorities in china who really don't necessarily take too kindly that
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sort of free internet that he espouses here, talking a tightrope with regulators there and trade representatives here, thinks that alibaba sell as lot of counterfeit goods. he argued opposite. he forge ad a pretty good relationship with the president-elect you could say because of the chilly relationship he has had with the obama administration as a result of these investigations into counterfeit goods and rest, which by the way i stress have not been proven but he committed one million u.s. manufacturing jobs. this is apart from softbank, asian conglomerate committing itself to 50,000 u.s. jobs as part of a $50 billion industry consortium includes likes of apple, others pitching in a billion to make a go of it and commit those jobs in the next few years. swiss american craig smith, former ubs chair, robert wolf, robert end with you, begin with you, donald trump to accompany someone down the stairs to the
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lobby after meeting with them, the last one of business heft was softbank ceo, and now jack ma. what do you make of that? >> alibaba is one of the biggest firms in the world and jack ma is entrepreneurial tycoon. not surprising we want to make sure to get the commerce going. trade goes back and forth. at the end of the day we have to make sure how we do business with chinese companies the appropriate way. >> craig, i was going you through the numbers here. depends what you believe or what you see, but the one million job commitment over next few years, they leave it a few years, u.s. steel accelerating investment in the u.s. after conversations with donald trump. ibm promising to add 25,000 of them in the u.s., in the next few years. ford canceling that $1.6 billion facility in mexico in favor of a $700 million facility in michigan and on and on, this all before donald trump takes office. what do you make of it? >> well i think it is very good to begin with, neil.
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second you have to ask yourself the reason why is this happening? because he is a bully and threatening people? or could it be because he laid out a pro-growth, pro-business, low tax, low regulation agenda where he can show corporations throughout the world that we have the best workforce, the best capital markets, the best technology and that if you decide to do business here in america we'll make sure you don't have to give all your money back to the government. you are going to have steady electricity, steady water, steady workforce. i think he is making america great again, yes, but he is also making america very attractive for business again, neil. neil: robert, much has been made in the fact that this latest fiat chrysler announcement that it will invest a billion dollars to add upwards, 2,000 jobs, that these were plans in place already. i don't know what the cases here, but if the plans were in place, then a lot of other company are echoing them
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announcing the same. what do you think is the real story here? >> listen, as you know, neil, i know sergio marchionne, when i was running ubs he was one of the best businessmen in the world. he sees u.s. doing better than the rest of the world. we have auto sales back over 16 million again. i think maybe 16 million which is our near record high. this is not surprising to me, this is where he want to put investment. you know, with respect to 2000 jobs, obviously that's a great thing, anytime we get u.s. jobs, but let's be clear the auto bailout saved 1.5 million jobs. so i am glad there is pay forward going on with the auto sector to try to make sure not only what the government did by stepping in, they're continuing it post-the obama administration on a pay forward type basis. neil: all right. irony there, craig, is that ford was not part of that deal.
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ford is among those making concessions. >> it was chrysler, gm, all the vendors. neil: go ahead. >> wait a minute, neil. look what the cost of that was. you wiped out gm bondholders. that is the first time in hit of this country that i can remember the bondholders were wiped out in order to be able to take care of the unions. look i agree with mr. wolf, in that mr. obama inherited a very slow economy. we were in a worldwide slowdown. we had too much capacity. there wasn't demand, that's a very difficult thing. we were slow all over the world. he is correct auto sales are picking up, businesses are picking up, things are looking better. so people becoming more optimistic. however this time we have in ine white house i'm not saying mr. obama didn't do the best he could, we have a guy, look how he loaded the team, neil. he has got business leaders. people that want to focus on making america productive again. just creating money does not create wealth.
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we need to make the fiscal changes in order to create wealth that, that helps everybody, not just -- not just businesses. neil: all right. espouse your positions very well, gentlemen. i appreciate it. just to update you here, what we heard from jack ma is what we hear from other business titans who have a chance to chat with the president-elect. we hear you. we want to be on your good side is. we don't want to have you say nasty tweets about us, we are committing one million american workers, are you satisfied? in this case it gets booed press and gets donald trump to come down to the lobby to soil himself with the reporters there too. that is progress, that is power, that is influence. that gets a big monkey off your back for the time-being. meanwhile we're hearing from a lot of companies that are not necessarily on the same page of donald trump including the toyota ceo still taking on donald trump over the border tax
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talk. take a look. >> for the industry, there are some industries benefit. automotive industry definitely does not. it will raise prices, likely will shrink the industry it will lower demand and it will cost jobs. neil: all right. a lot more on that after this. with the xfinity tv app,
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wednesday. anything can happen. rand paul, kentucky senator, former presidential candidate was telling us he does not like the way republicans are going about it right now, which would mean effectively attaching it to a budget resolution adding to the deficit and adding to the debt. rand paul says i hate this thing as much as anyone, but this is not the way going about it. he would favor repealing and replace measure that would to in there as well. whether the incoming trump administration is open to that idea, or that is something that republicans are cobbling together now, anyone's guess. fellow who might know, republican congressman ken buck. congressman, you've been among those, even before rand paul had been saying we do need to have immediate replacement to avoid problems. do you still stand by that? >> i believe we need an immediate replacement but i believe we need to do it in an open, transparent way and get input from the public. we should not do what the
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democrats did, which was jam a health care plan down the throats of the american public. neil: what does that mean, sir? does that mean, people who have been looking forward, conservatives in your party particular saying repeal the darn thing immediately, worry about replacement later but kill it now. you say that would be a bad idea? >> i believe we need to repeal it as soon as we can, which is probably the february, march, time frame and have a replacement plan. we need to hold hearings on it and give the marketplace time to adjust to the new health care system. so it will not be done overnight but certainly not going to extend for a period of years. neil: you know, one of the things that was kicked around as you know, they would repeal the thing, then come up with an alternative. the dirty little secret to be fair to you republicans you had a number of alternatives, dozens of them available. rand paul is hinting he might have one at the ready and go, ready for a vote like now.
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or you do you think that's still too soon? >> no, i don't think it is too soon. i think senator paul is talking about improving the tax structure. neil: right. >> giving health savings accounts more benefit and, i believe that others are talking about portability of insurance and, tort reform and many other changes. i think all of those are good ideas. so those have been on the table for a number of years, now we are firing the plan up with live ammo. now we have a president who will sign a good health care bill. that is what the difference is. neil: leave it to pundits to second-guess you guys but we all read prompters, so that qualifies us but one of the things that has come up, congressman, at least from my vantage point important as it is to fix this health care law, do you think that, it should not have an about the first priority coming out of the gate? you think tax cuts should have been or regulatory relief? that is where you should have put your marbles and not this? >> i think tax reform is necessary.
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regulatory reform is necessary. i think they made the right choice with health care. when i'm in my district and listening to constituents always first thing that comes up in townhall meeting -- neil: that you can't do it right away so you will disappoint people from the get-go. >> we have so start doing it right away. we can't finish it right away but we have to start the process. neil: to understand your version of the process, repeal and replace ideally simultaneously? >> that's right. neil: okay. congressman, thanks for taking the time. happy new year. >> thank you. you also. neil: we're getting a few more details on the fort lauderdale suspect that gunned down six and injured so many more. he was in a soft area, in a baggage claim area. they're talking about putting such areas under heightened security. is that really necessary? after this. much
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neil: as far as we know right now the fort lauderdale shooting
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suspect, esteban santiago is still in court, over questions of protecting soft targets of the he is behind the killing of five individuals in the airport, in the baggage claim area and virtually all of them with no ties to the killer. the question becomes, should baggage claims areas be protected? former deputy tca administrator, tsa, is with us now. tom, what do you think? >> neil, a good time to question a lot of assumptions about the public parts airports, ticket counters and baggage claims. i'm really enthusiastic, general john kelly, once he is confirmed will do that he is the first real bonafide national security expert proposed to lead the department. i think we'll look at some changes there. i think he will actually implement them. there will be things like, do you want increased video surveillance of these areas so you can detect and deter earlier on? do you want a higher level of
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police performance or presence, rather. maybe even federal law enforcement officers to supplement what is there from the local and state levels. there are things that could be done. implementing them and not losing the response in a bureaucratic black hole. neil: i always think we mean well with the responses we have. after the shoe-bomber they began telling people taking off their shoes for the sake of one lone nutcase. it was warranted given how easily he could have brought down an airliner. in this case you talk about precautions including baggage area itself under surveilance. that wouldn't get away from the fact that some are allowed to carry weapons in their luggage like this guy. what do you do about that? >> well, i think that you have to look at at a program of deterrents, which means that, if someone is going to do an evil thing, as happened here, at least they you should not be
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able to expect that they won't be deterred. and that means you have to be unpredictable, and you have to perhaps have that additional police presence so that someone with this intention isn't going to do this, you know, in a willy-nilly, no consequences kind of a attitude. you have to mix things up. at same time i don't think it would be wise to have so much security that you have a arrive four years in advance of your flight going through an onerous process that is going to actually deter the american public from going to the airport. that would be a win for the bad guys. neil: i always wondered too in the case of santiago, only thing we're told was in his luggage was his gun and ammunition, no clothes. one-way flight. one-way flight doesn't necessarily mean anything, that combined with the luggage,
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weapon, and ammunition in it, there must be some cross references that would make that stand out? >> yes, neil, there is, and if he was in fact checked a bag and it only a gun in it, no toiletrieses, change of clothes, other personal items, that is something that should flag it. sa to find this individual and question him in advance of the flight. in other words, the gentleman apparently did properly process his weapon. he presented it to the carrier. what that does is trigger notice to tsa. they're going to see that gun in the baggage screening process, and they would have the opportunity to look at it, make sure it was properly secured. make sure it matched up with what was declared but they would also have the option to trigger a situation where they might say this is so suspicious we're going to find the individual in the concourse and question him and evaluate him further.
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if it was just a gun, and nothing else in there, i would suggest that should have happened. neil: well-put, very well-put. thank you very, very, much, tom. calm, rationale way about fixing this i would go nuts. tom blank, former tsa administrator in washington. thank you, sir. we're getting new details which way donald trump could be leaning on that at&t-time warner deal. it is not what you think. charlie gasparino is next. ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be.
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>> you're, [inaudible]. >> can you, discuss this? >> what did you the two of you discuss? >> wonderful things in this country. >> such as?
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>> right here. >> with lvmh. are you expanding lvmh here at all? >> [inaudible] >> what do you make -- >> [inaudible] >> louis vuitton products for 25 years. and we are going to -- success of the product. and we are going to do that in north carolina. [inaudible] >> affordable care act, some republicans are saying there is no replacement plan. are you worried -- >> not even a little bit. that will all work out. >> how? >> [inaudible] >> we'll be talking about it on wednesday. >> so is there a plan now or we'll see a plan on wednesday? >> [inaudible]
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>> do you know that? neil: all right. this is the third time now that donald trump has come down from his tower, to go to the lobby and it is usually with a money guy. and this is the lvmh, the investment firm ceo, bernard anoir. a gazillionaire business titan. some would say it is vulture investing firm. i think that overstates it here. this is only an hour or so meeting with jack ma of alibaba, the big chinese internet conglomerate, he already did this with the ceo of softbank that committed a billion dollars to hire 50,000 workers. they never confirmed how many. we know the election of donald trump speared that. but a lot of high-tech firms are investing in that softbank transaction to make sure that they curry favor no doubt with
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the president-elect. charlie gasparino with some reaction to that before we get to other news items, it is uncanny, charlie, usually comes down to the lobby and take as business titan to do it and a big one. >> that is pretty good. listen, he has been criticized for not having press conferences. these are actually press conferences. he is not running away. at some point he has to go back to work. neil: he was answering, still looking at health care thing. >> i think access to him is not been bad. not like he has 20 security guards around him preventing you asking questions. neil: you can see who is going up and down. that is a pretty big deal. a lot of business titans have met. one of the world's biggest art collectors. as are you. what do you make of this? >> listen, you know, he is the president-elect. lvmh is a huge conglomerate.
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it owns a lot of stuff. they do business over in europe and france obviously. donald trump has spoken about trade a lot. every ceo that runs a multinational company -- neil: he has been very complimentary about the approach donald trump takes. he is business-friendly. said in france they can be a little more business-friendly as well. >> we criticize donald trump for some of the trade stuff. that is nothing compared to what they do in europe. europe is like socialism. neil: shield airbus and everything else. >> yes. let's be real clear he is much more of a free market capitalist than anything you go in europe, at least anyone in power. the european union is, let's face it, it is mercantilism almost. donald trump, if he backs off some of his really over the top stuff, he is pretty much in line with what -- neil: what do you make of this latest stuff? i promise to get to the deal, it might or might not help? the fact that a lot of these guys are committing themselves
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to beefing up u.s. operations, expanding facilities here. cynics are saying that was always in the card anyways. i'm not so sure about that. >> i would say this. some of it has been in the cards. no doubt about that. that some of this is pure pr baloney. this is what is real about this, the positive effect what trump is doing. when you do deals, companies moving overseas, saying we'll cut costs and go there, they're sitting back the president of the united states will oppose me and oppose me virulently, you don't want that i think that's good thing. neil: this at&t time warner thing, what is the latest? >> if you notice -- at&t's stock is starting to move on the tweet i put out which is essentially this. there is a lot of talk he will oppose the deal. i will not go that far, but the latest i hear he asked advisors to review the deal, at&t-time warner deal. time warner owns cnn he thought
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it was too much of a concentration of power. he is no friend of cnn, neil. he asked advisors to cite reasons he should oppose the deal. here is the interesting thing, his advisors, one outside and two inside. steve bannon, one of his chief of staffs, can't remember exact title, special assistant, something along those lines. reince priebus, official chief of staff i understand are opposed to deal. chris ruddy, who owns newsmax, outside advisor of he opposes deal. newsmax is filtered through at&t. he thinks they will charge him too much to offer newsmax television on at&t pipes. neil: at&t would be very visible. comcast made similar promises, right? >> there is institutional -- here is the thing i can tell you. there is a lot of money on this deal. a lot of wall street believed it was going to happen even though trump during the campaign came out against it.
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he is not officially against it now. but i can tell you this, he asked his advisors to review it. he asked them specifically to cite reasons why he should be against it, why it's a bad deal? neil: really? >> that is part of what i understand. here is the thing, the three main people that have his deal, priebus, bannon, chris ruddy are all against it. draw the conclusion. neil: usually we look at republican administrations open to mergers. that might not be a given here. >> will be very interesting to see where he comes out. i like to know what carl icahn thinks about this he is unofficial advisor. he is usually for these deals. he has not come out pub pickly for this thing. this is the best i can tell you about this deal. neil: we got a confirmation on bernard arneault's wealth. >> 15 billion. neil: neil: 40 billion. a lot of monets. a lot of art.
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>> puts him right in the buffett level. is buffett 40 billion. neil: you're between gates and buffett. >> cavuto. cavuto. neil: italians. after silvio berlusconi got in trouble, viola. >> secretary of army, he is a billionaire. neil: look at vinnie, he is doing all right. it is uncanny, charles and i were looking at this, you will take a moment, if you're donald trump and someone worth billions of dollars want to talk with you, you'll talk with them and make a point letting the world know you just talked with them chatting with them and you, those reporters worth considerably less in the lobby of your very or nate building. more after this. no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance. as after a dvt blood clot,ital i sure had a lot to think about. what about the people i care about?
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>>confirmation is going well. >> [inaudible] >> i think they will all pass. i think every nomination will be, they're all at highest level. jack was even saying, they are the absolute highest level. i think they will do very well. >> there has been concern about
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jeff sessions in particular? >> no. i think he will be great. high-quality man. neil: a few minutes ago, donald trump with jack ma, the alibaba ceo, chinese internet conglomerate, best way to explain it, after a meeting with the french investor, head of lvmh saying something similar, confident all his cabinet choices despite controversies with a few, all will get through. wednesday is blitzkrieg of them. five looking at confirmations, rex tillerson for secretary of state. steve mnuchin and mike pompeo and elaine chao, we think that will be on wednesday, transportation, an general james mattis for defense. tomorrow set for senator jeff sessions for attorney general. none of these are expected to be dicey, with the exception of probably rex tillerson and his
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closeness to vladmir putin in russia, the exxonmobil ceo, just wrote off on a 180 million-dollar pay package to sever ties with his energy firm. no doubt that will come up as well. there is precedent for so many confirmed and debated so quickly. in the obama administration, in the early days, eight years ago and four years prior to that, george bush. there is precedent here. what they're arguing, what democrats are saying is so unusual here, a lot of the forms have not been filled out or competed for four others, these financial conflict of interest forms typically are done by at least the time the committee meets. not all the time, but by the time usually, the senate votes on these appointees. more of an issue on betsy devos on education, wilbur ross, commerce, ben carson at hud and general john kelly for homeland security. it will be a busy time in washington. former bb&t ceo john allison on
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all of that. much is the made of the rush, as you heard, john, too many too soon, but i brought up examples where we had precedent for that. what do you think of it? >> i think it is appropriate to move on. i think this shows that the administration has a lot of energy. that is a good thing. the fact a lot of these people are business people in many cases and obama administration didn't have many of those. didn't have successful people or business people. i think that is part of the positive perception in the market, a change in the kind of leadership we have in these key positions. neil: what is interesting to me, to me it was a big deal, you were a big cheese, ceo of bb&t, and former cato president and liked to show you off and jack ma, head of french conglomerate, lvmh, rare he goes and showcases people like
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yourselves in a setting like that but he does and it is consistent with big money guys. that is not by accident, i imagine? >> yeah, i think it is big money people but generally people very successful. people also met a payroll. if you look at the obama administration, almost nobody actually made a payroll to have discipline and control of expenses. i think it's a message to the business community, administration more supportive of business, less regulation and business to be more supported by creating jobs in the u.s. forcing businesses to make bad decisions is not good. but creating environment where businesses want to stay here where they're nurtured and positive creates jobs. neil: his record is not i am capable. he met with kanye west.
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you ability hit it out of the park all the time. some say a role at federal reserve, maybe vice-chair, maybe down the road, something bigger, what is the deal? >> neil, i have talked to the administration, future administration about a number of jobs but i hadn't made a decision. a lot would depend on the actual concrete circumstances. i spent three years in washington running cato. i'm not enthused about going back into that environment. one of my gut level issues is can you really change the bureaucracy? it is easy for somebody like obama who wants more government to get more government bureaucrats to do, take more power. but trying to -- neil: that being said, that leads to nice things. janet yellen had that job. it can be pretty cool. >> well, that is a good point. that's a good point. you know, again, depends on the job. ex. neil: okay, would a fed job
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interest you? >> it would depend on what happens with janet. janet and i are not aligned in terms of fed policy. that would be a tough challenge. neil: but we've had it where the vice-chair and chair have not really been golfing buddies or bowling buddies, pick your sport. but i mean, it's been done, right? >> yeah i agree with that. i'm fairly, you know, i think the fed has done a lot of damage to the economy. i think it needs a radical level of discipline that it doesn't have. it doesn't need to have the discretion. and that's a really significant change from where the fed is today. how you could actually implement that i debate in my own mind. neil: john, you talk about the fed, just a mug's game, i asked guests of all stripes this question, we're ending obama years in less than week 1/2. where do you think we'd have been in the markets, in the economy, without the federal reserve keeping rate at roughly
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zero for all these years? >> yeah. i actually think we would have been better off. neil: really? >> the fed has actually resulted in misinvestment. it's encouraged companies to buy back stock instead of investing in the future because they could borrow money at very low interest rates. i think that it is not been a positive factor. i think normal interest rates result in more rational investments. there is a lot of history to suggest that's true. now should they have done something in the middle of the crisis? yes. but after that, i think they should have normalized much faster than they did. also, this is, this is technical but, they were printing money very rapidly simultaneously they were tighten the ability of banks to make loans. and what that's done, is shift resources into large businesses at the expense of small business and that is not good from an economic perspective. people don't realize this, 90% of the money is private money.
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federal reserve is a provides a base but banks lend money. if you tighten on banks and don't get the economic benefit if you had more rational regulatory policies by federal reserve. neil: john, you're a modest guys but one of the few bankers who didn't screw up, eight years ago, nine years ago. >> thank you. neil: that should alone qualify you for any cabinet appointment. a pleasure. john allison. >> thank you. neil: in the middle of all of this, it is cold, it is very cold. it is so cold in new york, we were noticing that a lot of my favorite vendors, to not that i go with them, i might have told you i had heart surgery last year, they are not out there. it pales in comparison to what is happening on west coast and i mean really pales. ♪ after this.
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neil: we have had crazy weather across the country but the onslaught of storms at the west coast getting worse with flooding and mudslides that go along with that hillary vaughn with the latest. hey, hillary. reporter: neil, this is the biggest winter storm the west coast has seen in over a decade. heavy rains, strong winds, causing massive flooding, mudslides and dangerous road conditions throughout the area. at least four people have died, 91,000 people without power yesterday as rain and wind took out power lines. voluntary evacuations issued for hundreds of residents in sonoma county, california and reno, as stranded travelers at los angeles international airport and snow communities in sierra and lake tahoe.
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they're issuing extreme avalanche warnings for that. a massive mudslide closed down i-80, the main highway between reno and san francisco. a deluge of mud and rocks turned the highway into a giant mud pit the size after football field, reaching seven feet deep in some places. this rainfall is very much-needed for california, currently experiencing an epic six-year drought. the drought isn't over despite reservoirs building up and the snow cap building up. officials say we'll need rain and snow to continue into the spring to turn things around in 2017. at this point no idea how much this much-needed rain will cost california. forecasters say a similar-sized store hit the golden state in 2005. that caused $300 million in damage. neil. neil: thank you very, very much. it is crazy. it is crazy. we're keeping eye on that, very cold certainly on east coast, in fact unusually cold with win factors single-digit type cold.
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you're looking outside of our offices here in new york city where even a lot of the vendors that would normally be out there right now are not out there, save the chestnut guy who really has the world to himself. that is a cold weather item i would imagine. and for him, of course he is hitting pay dirt. i hope he remembers the fact that i just mentioned his name and, no, that would be tacky. could you let him know i just mentioned his name? we've got more coming up from the trump tower a few blocks from here as well in the chilly weather. receptions for some of the most powerful men and women on the planet, including jack ma. he of alibaba fame. worth billions of dollars. then the french investor bernard arnault. he is worth $40 billion. normally if you have that kind of financial heft behind you you get a meeting with "the donald" not only in his office but in the lobby.
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neil: that are fans of very, very big tax cuts to boost the economy. and further more, on this idea of health care repeal and replace, the senate leader has indicated that he thinks there are better ways to go about this. he shares the president-elect's concerns that the affordable care act is neither affordable, nor doing what it should be doing.
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but, but, but, might not do things on the timetable that donald t here at trump tower, he told us, among other things, this -- >> the president elect and i had a good meeting about the senate agenda which, of course, includes confirming the cabinet appointments, getting further down the road towards repealing and replacing obamacare. we ago made his second
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appearance today, he was asked about obamacare repeal and replace, said it's something he's not, quote-unquote, worried about right now and will talk more about it at his news conference he has planned on wednesday. the other appearance with the president-elect today came alongside another high profile member of the business world, jack ma, the founder of alibaba, the chinese internet giant, who says he's working on adopting one million jobs here in the
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united states and something mr. trump talked more about. here he is earlier today. >> yes, we had a great meeting. it's jobs. you just saw what happened with fiat where they're going to build a massive plant in the united states, in michigan, and we're very happy. and jack and i are going to do it'll, no doubt, be a busy week. neil: thank you very much, connell mcshane. i want to get a read on to this with pennsylvania trees lee -- patrice lee and sarah westwood, white house corps respondent. sarah, obviously some difference of opinions among republicans,
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first led by rand paul. i'm all for repealing obamacare, just not the way we're going about it by using a budget resolution that will make deficits and debt worse. who's winning this argument? >> well, certainly if rand paul is the only holdout for a budget resolution, then the republicans what want to repeal immediately are going to win that argument. here's the biggest argument with repeal now and replace later strategy. repealing will only take 51 votes, which republicans, in theory, have in the senate. any kind of replacement is going to take 60 votes. that means all 52 republicans are going to have to be unified behind a single strategy, and they're going to need 8 democrats at least to get behind that strategy as well. that's going to be tough, it's going to take time when democrats are in no hurry to cooperate with republicans, and it's going to put millions of americans at risk of losing their coverage if the senate
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can't work it out in time, and democrats are going to use that as leverage. neil: it seems like republicans didn't think this through, that a lot of people would agree with them there are a lot of awkward things with this law, but repealing without having a replacement in place would lay them open to this type of criticism. what do you think? >> it certainly has, but let's look at the marketplace. there are lots of different suggestions that have been made over the years, and i think the idea that some republicans have is instead of a one-size-fits-all, huge government solution, you know, let's look at some of the different pieces -- neil: no, i agree with you on, that i'm sorry i wasn't clear, but they would all require the types of things they would have to come up with 60 votes to make those changes, right? >> yeah, they would. and so, i mean, there are a couple of other concerns that some cuffs -- conservatives have, planned parenthood, whether they're able to hold on to conservatives who are not
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willing to vote against that. republican, conservatives have a mandate from, you know, their voters who have said we want to replace and repeal, get rid of obamacare which has been onerous on us and increased the cost of health care. recent polling points to americans who still find that the out-of-pocket costs of health care have risen, and obamacare has done nothing to address that. neil: you know, sarah, one of the things that will come up is that you're going to have these 20 plus million folks who have insurance who can't be left -- they have to have something. that's sort of the summation here which means if you don't have something to replace it with right at the get go, time is on further sign-ups side. by that, i mean, democrats are argue we're going to keep signing people up under this thing, and it could be, by the time republicans come around with an alternative plan, 30 million people have insurance, 35 million, what do you think of that? >> that's exactly right. they're setting themselves up to have this kind of health care cliff whereby they have to pull
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the trigger on some kind of replacement, or else that increasing number of people who are covered under these insurance programs will lose their insurance. and that doesn't put republicans in a particularly good position to negotiate. if they repeal without a replacement ready to go, any disruption to the health care market is going to to be amplified as a by-product of the republicans' chaotic approach to this equation. if a replacement and a repeal bill are put forward at the same time, then disruptions to the market can be framed as sort of growing pains of a new and better system. but what they don't want is focus on every little ripple in the health care market to be, basically, putting blame on republicans for creating those disruptions by not having a replacement in place -- neil: yeah. which was rand paul's argument. but that might be too little, too late. they're going to go full throttle with this. patrice, obviously, it would seem to me that mitch
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mcconnell could put a stop to this by delaying this. but it would, it would be a black eye for republicans if he did, wouldn't it? >> it's one of the biggest things that has coalesced the entire conservative movement, getting rid of obamacare. and i think president-elect trump is interested in pushing this over the goal line. this is an unprecedented opportunity that the conservative movement has, so to bypass or push it back further open it up to opportunities for it to be slowed down and, you know, thwarted. neil: we'll watch closely. it would be the first time such a huge government program has been torpedoed this way. there's always a first time. my whereas chrysler the latest to say, you know what in he? f lo the -- we love the u.s., yeah, that's the ticket. jeff flock is at the north american international auto show in detroit with more on that. jeff? >> reporter: neil, normally, you know, we'd be focusing on the unveils at this show.
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this is the new 2018 camry. this is the best selling car in america, by the way, and it's a new version. this year the focus donald trump's incoming administration, potential border or tax, and that's what everybody wants to talk about or at least speculate about. we talked live to both the ceos of ford and gm. they both, i think it's fair to say, took pains not to antagonize donald trump on this question. listen to what they had to say earlier today. >> our primary strategy is to build where we sell. i think there's room to make some changes that are going to make it, improve it and make it more equitable across the globe and, you know, we'll work to make sure that is done that comprehends the complexity of this business. >> when you put just out and out tariffs on trade, you know, that could have ramifications. because here in nafta, the supply chains are so integrated between the three countries. they support a lot of american jobs.
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i think the devil's going to be in the details of what that reform looks like. >> reporter: you know, that's what they said, neil, but i tell you what i think they're thinking is what the toyota ceo said. i'm going to talk to the general manager of toyota in just a second on foxbusiness.com. but i talked to his boss earlier, that's jim lentz, the ceo of toyota, and he said i think what the auto industry is a potential tax at the border. listen. >> it's not good for the industry. you know, there are some industries that benefit. the automotive industry definitely does not. it's going to raise prices which likely will shrink the industry, lower demand, and it will cost jobs. >> reporter: i want to leave you, neil, with, you know, you mentioned fiat chrysler. we've go a camera monitoring the press concerns of sergio marchionne, it's ongoing right now. he said earlier if there's a tax at the border, we could shut down some of our mexican factories. i don't know if that makes it
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more likely or less likely, but we'll see if he amplifies on any of those comments. donald trump seems to be the start of the -- the star of the show, maybe he ought to have a car company. [laughter] neil: thank you, jeff flock. by the way, we're getting this announcement that jared kushner, the son-in-law of donald trump, married to ivanka trump, will, in fact, be a senior adviser to the president-elect which could explain both of them moving to washington d.c. by the way, they'll only be a couple of blocks away from barack obama and michelle obama in northwest washington. but, again, as expected, jared kushner will be playing a role as a senior adviser. they're not articulating exactly in what capacity, but a senior adviser to his father-in-law and the new administration as it comes to pass. he has been a power player behind the scenes, but he is not so behind the sceneses now. we'll have more after this.
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♪ ♪ >> this is the golden globes, one of the few places left where america still honors the popular vote. >> disrespect invites disrespect. violence incites violence. when the powerful use their position to bully others, we all lose. neil: all right. note to self, hollywood doesn't flip over donald trump. [laughter] note to also self, hollywood really does flip over barack obama. take a look. >> he just changed all the rules on the table in regards to cuba. with the most succinct motivation imaginable -- >> we got the affordable care act passed.
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i have relatives that, you know, can't afford health insurance. so it was really a great thing. >> to me, he would be the jackie robinson of politics. >> i never cried before from an election result. [laughter] neil: i cried watching that. anyway, what's interesting here is donald trump obviously doesn't really much care what hollywood thinks, even though they're quick to tweet when things are disparaging, that's fine. but he really cares what business titans think of to him, and he's had powwows today with a few billionaires, jack ma, of course, of alibaba fame and the french industrialist as well. so my point is that he loved those guys. not so much the hollywood guys. let's talk to diana falzone, robert -- [inaudible] actor extraordinaire. robert, what do you make of that? >> well, first off, meryl streep was inaccurate with her statement, and that's dangerous. you know, neil, when i was a kid
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growing up watching those awards shows, i mean, a little boy 8 or 9, i did listen to them because you felt you endowed them with something larger than life. she talked lin sky incident, which is a lie. it's a lie. people can go online, watch how he talks, watch some other donald trump speeches when he does this flailing about even about a general and about ted cruz. it's an absolutely lie. now, meryl streep is a giant in film and acting. i respect her greatly, her work. but in this incident and she wants to have a whole press corps to watch the truth. well, hollywood has to start watching the truth. this is what's -- i mean, it's so dangerous. neil: i know what you're referring to, obviously, "the new york times" reporter, you know, who had a muscle affliction, of course, a few claim that he did not try to make fun of that.
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be that as it may though, and it resonated clearly with that audience, diana, one of the things i would ask is should donald trump even respond to it when, in fact, his best response might be meeting with billionaires who could invest in this country and the hell with acto to rs who -- >> president-elect trump is not one to be censored or to be quiet, and he will hit back. he did so late last night with meryl streep and said that she was a sore loser, that her candidate did not win. but what hollywood needs to realize is that president-elect trump is going to be our president in a little over a week. and you might not like the man, but you have to respect the office. i think we're seeing an incredible disrespect to the future president of the united states. and when they're talking about unifying their country, they're doing the opposite. when they get up there on a large, one of hollywood's third
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biggest nights, and they're name calling. hugh laurie said i'm accepting this award on behalf of psychopathic billionaires everywhere -- neil: no, i understand what you're saying. i think sometimes the better part of valor is you will have the demand -- commanding role of most powerful perp on the planet. you win by default. robert, what i would say is more americans are generally interested in hearing news like what the fiat chrysler chairman is planning to do or what ford is doing to hire more workers or meeting with any own of -- one of these billionaires. they're the performances i want to see. not necessarily the meryl streep, who i have great respect for asen a actress. >> absolutely, neil. at the end of the line, it's about getting the motor of this country running for the american people, not hollywood celebrities -- neil: so let them do their thing, i mean, i don't think it would be a fox news alert to say
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they were not fans of trump, right? but the big thing that's going to matter to the vast middle of this country and a lot of folks stuck without jobs or opportunities is the folks he's been meeting with and getting commitments for hiring american workers with, right? >> which is very exciting. neil: right. >> i mean, it's tremendous what he's doing. and to see company after company coming forward -- neil, i just performed in vegas with patsy austin -- neil: name dropping. >> no, no, i'm just saying it's because the people around that thing, these people that are selling sound products around the world, the best electronic products, a lot of them are excited about the trump presidency and what it's going to do for their business. i mean, because they come to me, they've seen me on your show, and they'll say hey, man, thanks. i'm questioning them, so exactly what you're saying is bringing more jobs to america is pivotal, america first. not hollywood first. knew neil i think that's the position trump should take, the hell with you.
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diane that first to that. >> oh, i'm sorry. forgive me. thee neil it's okay. >> i'm sorry, neil, if you can -- neil: yeah, he was just saying nasty things about you. no. [laughter] what to do you make of the idea that trump has got to stop tweeting about offenses he gets from hollywood, because he doesn't care? they'll always hate him. >> i'd hope he would pay no mind. my mom always told me to turn the other cheek, and i want to see president-elect trump really focus on the big issues like we just talked about, with employment, with trying to help people get jobs, not reacting to meryl streep who is obviously a very talented actress, but an actress, not someone who's holding an important position like the leader of the free world. neil: ooh. that's a tough one to top. >> well, i have to say this -- yes, there is an aspect to that. but the cultural aspect of hollywood has to find a way so that we can give both sides of this view.
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she spoke to an audience of peers last night and to the world. the hollywood foreign press. so she's gotten 30 golden globes nominations, she's won about 8 times. the way america is portrayed is through our culture, and people are misled through our culture. that's misleading to the american people. so i think he should or some organization that the government does have to say, uniwhat? this is -- you know what? this is not absolutely truthful. it's like what you're doing on your show today, neil. neil: wait a minute. thank you very, very much. hollywood loves the french. or more than all those hollywood people put together. more after this.
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neil: all right. charlie, time warner shares dropped. donald trump is asking advisers
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to give him reasons to oppose the deal. we're watching it closely. meanwhile, reince priebus saying that donald trump acknowledges that russia had a role in the hack attack of the election, but it didn't affect the outcome of the election. of course, to hear all these reports, you'd think it did. but former cia operations officer says this is a risk to dragging this out too long. the risk, i think, brian, is right there now, but i don't know what can be done now. i mean, donald trump has grudgingly or not accepted the fact that the russians were trying to monkey around in our election. do you think the russians influenced the final outcome? >> i think perhaps on the margins, but i think proving that is extraordinarily difficult, and i can tell you from personal experience that these kinds of operations are very, very tough to not only pull off, but then gauge. so i don't think that there was a result that the american people were influenced, frankly, in a profound way.
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and i think what president obama said the day after the election, that the will of the american people was captured in the vote, i think that, frankly, is the most important takeaway. that being said, there is no doubt, there is no question that the russians were meddling, that they hacked and smacked our democracy, and we have to respond accordingly. there needs to be some kind of thoughtful, consistent response. neil: here's what worries me, though, about the president-elect, brian, and you're closing to this, but the fact that he wants good relations with vladimir putin or has spoken highly of him during the campaign and putin of trump, it almost makes it impossible to have a typical suspect view of the russians coming in. when there's history to suggest we should. >> i think you're absolutely right. as much as we want to have a thoughtful relationship with the russians and we need one in a place like syria and we can acknowledge that some of the critiques that putin has levied at us like in the ukraine, for instance, you know, if we don't
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sit back and acknowledge collectively -- that is the president-elect and members of congress -- in a thoughtful way to say, this did happen, this is true, the russians did hack and attack our democracy, hereby -- here are ways we can fight back, but i hear the point if we have our egos get anything the way, that's going to prevent us from pushing back against the russians in an appropriate and commiserate way. neil: isn't it the fault, and i think the president has acknowledged this, he didn't appreciate the degree of this hacking problem and its enormity until quite later, and there is some blame in this happening in the first place, but that we're there now, so for donald trump coming in as president about a week and a half, what should he do? how, 40 how do we lock things up to make sure this doesn't happen again? let's say the administration falls out of favor, the new one, with the russians, it could happen all over again. >> i think you're right.
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president obama signed a finding for the cia and nsa to move forward with covert operations, and i think those targets have been set up, and i think you'll see in the coming weeks and months the trump administration facing the option of whether or not to execute those operations that are being built. but the second piece that i think -- and i'll give, you know, president trump some degree of credit for here -- is he needs to sit down with putin and say, listen, the past is the past. we do need to move forward. that doesn't mean i'm not going to pretend you didn't run into my fronteryard and -- front yard and steal my kid's bike, but we can and should be doing something differently. i think we've really messed up for the past number of years in syria, so i through there are really -- i think there are really good ways to work with putin, but inside of russia they're persecuting journalists and minorities, and you need to have a thoughtful understanding that that is happening because if not, you're not going to push back in an aggressive way, and
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we need to. neil: yeah. they're not our buddies, to put it mildly. brian wright, thank you. all right, you know, a lot of people say i don't have obamacare, so i don't really care about these problems with obamacare. well, you should, because your own coverage, your own premium, your own life affected by what's going on wrong there. after this. ♪ ♪ me to reach my goals. inside so i liked when my doctor told me i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do
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♪ neil: you know a lot of people wonder why do you cover this obamacare, affordable care act so much, because it is beyond just the 20 million who have it right now, maybe millions more in the years ahead but affects what you're paying for insurance but basic services as well. gerri willis spoke to one person waiting for repeal to go to a doctor. explain. >> that's right. mike is a 39-year-old kansan. he is has his own business. political consultant, only employ. he bought his policies on his own because he has no employer to sponsor them. now that obamacare has passed his costs skyrocketed. he pays $350 a month in premiums and $5,000 deductible. for middle class folks, he can't afford it. listen to him. >> i don't need the government telling me what i have to buy, what my plan has to have in it. i can make those decisions. i'm a smart person.
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you know the government's basically forcing me under penalty of law to purchase a plan i don't want to. it would be like going to a restaurant, a terrible restaurant, and being forced to buy two very expensive items on the menu. do you want the bad cheeseburger for $500 or the bad hamburger for $500? i don't want either of them. i want the plan i had before that worked for me. >> so his annual costs which arr out-of-pocket are just too much for him. here is a fellow, neil, which is so interesting. he doesn't want a handout from the government. he wants to buy it on his own. he can't afford it. he is delaying care. neil: that is not good, when something like that happens. >> no. neil: thank you very much, a read on all of this from dr. tiffany sizemore, who said obamacare had negative impact on her patients. the good doctor is a cardiologist. so she is a real smartty pants.
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what do you see, doctor, up front. >> it's a problem in my practice, honestly, because the gentleman was saying, people's deductibles and out-of-pocket costs are through the roof. most private practitioners, we collect the money up front. we don't send them bills. when we tell them their annual physical or their follow-up visit will be over 100dollars, they look at you like you're crazy, i have insurance, why am i having to pay so much. that is one problem. the second -- neil: is that obamacare phenomenon. did you have this prior? >> no. deductible in my practice has been an obamacare issue. the deductible, 5, $10,000, were not there a few years ago. some plans they were. as a whole, looking at insurance as a whole, deductibles have ballooned big time. neil: go ahead. >> the second problem really is this the biggest lie of 2013, you can keep your health insurance and you can keep your doctor. but i couldn't keep my patients.
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like a bad rerun of "jerry maguire.." where are my patients? they have disappeared, they can't afford their plan or i can't get on the plan as practitioner of whatever insurance plan they have. neil: things get expensive when someone has a cardio-related issue, then with the high deductibles, all bets off, right? >> when someone comes to me haves chest pain, a echo card yam, a stress test and a office visit. if they have a deductible, looking close to $600 a lot of times patient say i don't want to go through my insurance and if i pay you cash is it cheaper? honestly it's a cheaper if they don't go through the insurance. neil: a lot of them will risk not getting the checkup or cardiogram because of cost involved and endangering their lives. >> that is true. it is their right to say i can't afford that or i don't want that, my responsibility as
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practitioner to try to nudge them in the right direction. a lot of time i done it and not charged them because i know what they need. that affected my practices because i have to pay the technician doing the study. neil: do they go outside of your practice to get those? or do you have a lot of mris or scans or electro cardio electrocardiogram machines in your office or they go out of your office? >> i do a lot in my office, plain stress test and echoes. someone needs a nuclear stress test. i have to jump through 25 hoops with a lee a tarred and get through the insurances. when they have a deductible, $1200 for a nuclear stress test. it is unbelievable. neil: that is bizarre, doctor, thank you very, very much love to have you back. >> thank you, neil. neil: dr. tiffany sizemore. a lot of time the things you need to check up to he need something more severe if it is
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neil: they say you can tell a lot about a future mt. but how he behaves as president-elect and 11 days ahead of his inauguration a lot of people doing with this president-elect, and sizing up what president he could make discuss as he has done with number of predecessors including jfk, against whom historian jonathan lewis finds more historical parallels than you might imagine. >> pleasure to be here. neil: that is kind of bizarre, but what do you see what are the similarities? >> you know, to your point many people are surprised they should be similar, right? we look at it, jfk, the youngest guy elected president, trump the oldest. jfk a democrat, trump a republican. when you dig underneath the surface there are pretty notable similarities. one, they both use media in
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surprising ways. jfk uses the new medium, television to speak directly to the american people in a way never before done. trump used social media, specifically twitter to speak to the american people in a way never before done. they're both disrupttors, that is critically important. jfk viewed his predecessor, eisenhower, as being slow-moving and behind the times in foreign policy. trump the same. he views obama as slow-moving and behind the times. neil: yet, he was the younger guy, right? >> exactly. neil: the opposite there. do you think, a lot of pressure has been put on donald trump because critics have said, you're not a real republican, not a conservative. people later said the same about jfk you were espousing big ol' tax cuts, that is not what liberals do. they were much more pragmatic in their approach to the job. what do you think of that? >> i i think at the end of the day, one is neither ideologue.
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neil: you can be flexible. >> being flexible is critical for successful presidency. i would think what is notable, what we should think about is the parallels of concern, is if, is jfk predisposed to take action earlier in his presidency. he was frustrated by congress, even though the democrats dominated by congress he had tough time making progress. he took action where he could, in foreign affairs. that forceful action led to the bay of pigs, which was a disaster. he had a summit with khrushchev, not that many weeks later that was a disaster. neil: people think it set up the cuban missile crisis. >> soviets erected berlin wall. kennedy did nothing. it was set-up to the cuban missile crisis. neil: he was cautious as you said. the rap against donald trump he is anything but cautious but actually he is quite cautious, isn't he? >> i would say, if you're asking me a direct question, do i think
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that trump is cautious? thus far his use of twitter suggests not. i think he has been aggressive promoting his views through social media. i think it is too early to tell. with regards to caution, i think similarity between him and jfk that suggests otherwise is intervention in our economy. the stock market peaked in late 1961. it began to grown under the weight of jfk's failed foreign policy initiatives. it accelerated the downdraft when kennedy intervened in the economy. he was flailing. he need ad success. decided to take action against the u.s. steel industry. steel, u.s. industry was raising prices. that was restricting on the economy. neil: donald trump is doing all this as president-elect. that is unprecedented. >> absolutely. that is where we have to draw the parallel. again the similarity and the concern. investors don't like it when presidents intervene in the economy. that is called central planning. a free market society. that is anathema.
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the kennedy slide ended in late '61. ended up leading to the 27%. nothing that would make investors happy. neil: what do you between 21%. >> a drop. meaningful slide. neil: the bang we got turned that around, tax cuts materialized. >> jfk was learner. he stumbled in foreign policy stumbled in intervention economy. neil: he was able to pivot. acknowledge a mistake and don't keep going down the same road if you're banging your head against the wall. >> that is his claim to greatness. as he entered '63, he was a learner. he realized what he had done wrong. he changed and pivoted. neil: could donald trump be the same way? >> there is certainly evidence that he has the capacity for flexibility. and we'll have to watch that very, very closely. neil: as an historian do you worry about a president that will tweet a lot? >> i worry about unintended consequences of communication strategies. therefore we have to be worried
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about the tweeting. particularly so, because like kennedy, trump has surrounded himself with notable advisors inexperienced in foreign affairs. some of trump's tweets have been national security-related so i think we have to draw the parallels in particularly between mcnamara and tillerson, and raise the question do we have all the experience we need in foreign affairs. neil: mcnamara had impeccable credentials. got us in vietnam. >> he was private sector leader, president of ford motor. it was private sector credentials that attracted kennedy to him. neil: jonathan lewis, historian, interesting read. there might be more in parallel here than we've generally give thought. all right. a lot of democrats are very angry at republicans for rushing through these cabinet picks and getting their confirmations going. maybe a bit too quickly. there is precedent for this. barack obama. after this.
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neil: all right. new details on the fort lauderdale suspect, esteban santiago, the 26-year-old male allegedly behind the fort lauderdale airport attacks. he faces three charges. two carry a maximum penalty of death. bond hairing, january 17th. arraignment formally, january 23rd. video coming today showed him calmly, cooley shooting down people from a gun he had kept in his luggage, opened it up in the men's room, came out and just started shooting. formal arraignment, later this month. confirmation hearings will begin earnest this week or earnest this week for donald trump and his cabinet. by the time the week is out, we could be looking at nine positions being voted on and filled.
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that might be optimistic but "real clear politics" reporter caitlyn huey burns, that this speedy process is not unprecedented. explain? yes we have senate quickly confirmed then president-elect obama's confirmation or cabinet picks. seven officials were confirmed on the day of inauguration. the trump transition team says that additional five more were confirmed the week he took office. republicans saying democrats wanted a quick confirmation process for their nominees, they want the same this time around. neil: caitlyn, help me with, the george w. bush had similar with five in one stay, that their order forms were in order and conflict of interest forms have not been filled out by the likes
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of betsy devos for education or wilbur ross, mr. trump's pick for commerce, and ben carson for hud and general john kelly, homeland security. likely they will not be there for their confirmation hearings. is that a big deal? >> i talked to the trump transition team after the ethics office came out, look these are not been completed. we're concerned not all the paperwork not being completed before the nominees go through the confirmation hearings and transition official said that is standard and you know, that there have been cases where they don't have to complete the paperwork until they actually take that office. and so, i think what you'reknow, democrats don't have really an avenue in which they can block the nominees. remember democrats changed the filibuster rules. so you only need 51 senators to confirm a nominee. and republicans of course have the majority. now there are some instances though, that i think you're
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going to see some democrats band with republicans on a couple of these nominees, particularly those democrats who are up for re-election in 2018 in red states where trump won, and they're going to have to kind of answer to the idea of not supporting or supporting a nominee. i think you will see a little bit of that. largely, more broadly i think you will see democrats in opposition. i also had democrats say, you know, sometimes these nominees can fall under their own weight. remember bill richardson withdrew his nomination. tom daschle. neil: john tower, i remember that. >> exactly. neil: let me ask you, rex tillerson, former exxon ceo, up for secretary of state. it is 52-48 republican senate. if you have lindsey graham and john mccain, shall we say anxious about this appointment. now you're down to 50, assuming democrats vote in unison against
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him, not far from a given, wouldn't take much to kick him out, right? >> right. i think if you're looking at all the nominees, this one in particular is where the potential challenge could be. however, i will note that i do think this is where coalition building with democrats comes in. you can imagine a scenario in which joe manchin from west virginia up for re-election in two years i can support him. makes up for the democratic votes. only reason i mentioned lack, for lack of republican votes. manchin has had very favorable things to say about some of these picks. talking about the epa nominee for example. wouldn't be surprised if he crosses the aisle, makes up for some of those republican defections. neil: i forgot about that here's dumb question for you but you're used to that over the years for me. jeff sessions sits on judiciary committee will be voting on him. can he vote for himself? >> that is a good question? i don't know if he actually recused himself from this process.
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the advantage of course he has he has been through this on the other side. he also has gone through this as a nominee during the reagan administration for judgeship. which of course is kind of the backdrop for some of this he was denied. neil: yeah. >> so i have talked to people who are working with him during this effort and they said that he is, one of the most prepared nominees for this, just given his experience on the committee, and his experience, kind of going through these things, questioning those people. trump transition team made a real effort to really prepare these folks, going through all the mock trials, volunteers impersonate senators and these sort of things. neil: caitlyn, there is precedent for this. i voted for myself in the class president-elect shun. >> oh, you have to vote for yourself. you could lose. neil: i still lost. >> comes down to one vote. neil: it was painful. caitlyn, thank you very much. caitlyn huey burns. busy week for hearings. more after this.
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>> do you know from barack obama's farewell address in chicago, they're scalping tickets for upwards of $5,000. and i'm thinking to myself, america, we've got to help them out, and we will because on basic cable here, you can watch it for free. beginning at 8:55 p.m. right through the address. right, trish regan? . trish: $5,000 ticket. >> can you believe that? . trish: i'm looking forward to all the coverage. donald trump finalizing his inner circle with some reports that jarod kushner will be named senior adviser to the president this as battle to obamacare capitol hill as republican senators get ready to repeal and replace president obama's signature legislation. i'm trish regan, it's good to be back. welcome, everyone, to the intelligence report. senators right now are meeting on capitol hill to debate this budget solution, which basically sets up the process of repealing a major chunk of obamacare.

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