tv The Intelligence Report With Trish Regan FOX Business January 9, 2017 2:00pm-3:01pm EST
>> 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. senate majority leader mitch
mcconnell vowing that this is going to be a quick and smooth transition. listen to him here. >> the first step will be taken in the senate by the end of this week. and then it will go over to the house. you have to vote repeal and replace. and i think there ought to be a great gap between the first step and the second. trish: senator rand paul says he has a replacement plan that will do just that. he's going to repeal and replace not repeal and delay. the senate is expected to vote on his alternative plan later today. i'm going to go straight to our peter barns for all of these developments right now in washington. >> well, trish, you heard the senator mitch mcconnell say there that he wants to have as little of gap as possible between repealing and replacing, but it looks like there is going to be a gap of some time. a repeal quickly but then some kind of phase in perhaps a year or two or three with whatever republicans come up to replace obamacare. but as you said, starting this
hour the senate resumes on a budget resolution that would start the repeal process and because of senate rules, it is filibuster proof. republicans have 52 votes in the senate, one more than needed to pass legislation. but as you also mention, some republicans in both chambers are nervous about ending obamacare and ending coverage for some 20 million people without something to replace obamacare and give them -- get them some kind of coverage. mitch mcconnell, still moving ahead, however, and one republican not happy with this approach is rand paul of kentucky. he says repealing obamacare without additional action now would blow a 10-trillion-dollar hole in the budget over the next decade. he doesn't want to vote later today on a amendment that he says will repeal obamacare, replace it with more free-market solutions, and balance the budget in seven years, mainly by freezing all discretionary federal spending. that's about a third of the federal budget. that amendment will likely fail.
top advisers to president-elect trump says he's still considering his options when it comes to the pace of replacing obamacare. trish. trish: that's interesting. the pace of it all. so maybe it won't get donnas quickly as some are hoping. thank you so much, peter. joining me right now for month analysis, health policy director michael canon. good to see you, michael. here's the thing. you may be able to repeal obamacare, but the big question is can you replace it with something better? and can you do this simultaneously? your thoughts. >> i think they can do it simultaneously. but let's start with what is obamacare doing right now? i mean, obamacare is jacking up people's premiums. the sick are finding that the coverage in obamacare is getting thinner and thinner. so this is not secure access to care. and threatening to fall apart and leave people without coverage. so there's going to be disruption no matter what congress does. to minimize that disruption and to make access to care more secure, more affordable for people, congress needs to repeal all of obamacare's new
regulations, subsidies, and mandates. they could provide some sort of safety net for the victims of obamacare, transitional assistance, but then they need to replace obamacare with something like what donald trump which is expanded health savings accounts that allow workers to control their own earnings. i'm talking about an extra $13,000 for the typical worker with family coverage that their employer now controls so then the workers can take that additional money in addition to their cash wages and go out and buy health insurance that's -- trish: okay. and then you have to make sure that it's going across state lines, so you have more competition. sort of more marketplace incentives i think is what you're getting at in the system. but, again, back to timing, you know, how long might it take to get something like that up and running? >> well, they could to all of that in the same reconciliation bill. the process where they only need 51 votes to pass
something in the senate. that could all happen in one bill. the problem is right now a lot of republicans are talking about not even repealing all of obamacare. they're talking about keeping parts of it. keeping the taxes so that they can replace obamacare with a obamacare light plan that keeps most of obamacare spending and the government control over your health insurance plan. trish: what do you think of that? >> and the absolute worst part is that the parts of thinking they're keeping are the parts that are making coverage worst for the sick. the supposed ban on people with preexisting conditions. that's actually the -- and the left is complaining about this. the left is aware of this. those provisions are makin coverage worse and worse for the sick and then republicans repeal everything -- every part of obamacare except for that part, well, the real cost of obamacare but people tens or -- tens of millions of people will suffer under those because it might destroy an individual market for insurance.
so that's like a maximum disruption approach. what they should be doing is repealing all the regulations and replacing obamacare as soon as possible with reforms like expanded health savings accounts that will drive down the prices for medical insurance, for health -- trish: yeah, and, look, i hear you. you're putting some consumer skin in the game. in other words, if it's your money, it's your own health savings account. you might, you know, think twice about getting unnecessary tests, so it's injecting some consumers and market incentives into what otherwise has really been lacking in that space. thank you so much. it's good to see you. it's a complicated topic. we're going to continue to check in with you on it. another big story that we're falling, everyone, on capitol hill less than 24 hours the senate is going to begin the confirmation hearing process for nine trump nominees. the first one up, senator jeff sessions for attorney general and of course he's been a lightning rod via folks on the left trying desperately to
delay this process, even vowing to drag on the hearing for some of the nominees until march. but president-elect trump, he says he's confident all of his nominees will pass. watch him here. >> confirmation is going great. i think they'll all pass. i think every nomination they're all at the highest level. jack was even saying. they are the absolute highest level. i think they will do very well. >> there have been concerns. >> no. i think he's going to do great. high quality man. trish: all right. so what can we expect for these confirmation hearings? specifically when it comes to senator jeff sessions. joining me now is leslie and collin. good to see you guys. you have the dems out there squawking. they hate every single one of them pretty much. but let me ask you. is anyone listening to them right now? are they going to get any traction in their efforts to derail? >> absolutely not. the reason is never in a million, billion years did the democrats ever think that donald trump would become the 45th president of the united states, let alone also control the united states senate where
you only need a simple majority to get these folks through. this is all this yammering about more disclosure and delaying these hearings about exacting a pound of flesh from donald trump. it's not what's in the best interest in america. they just want to slam trump early and often. trish: and all fairness we have a democrat here on the panel and leslie marshal, you do take issue with a lot of these people. is it going to get anywhere? >> oh, i totally agree they're going to pass. that's what the president-elect said, and i think ford and i would agree with that. i don't agree with the motivation here. i think if you're a democrat or republican, you owe it to those in your constituency and the people in the board to have proper vetting and look into the background. we know years ago there were problems with jeff sessions, although those were testimony remains unchanged. so i think these are things that need to be brought out and quite frankly i think the republicans would do the same even if the democrats had the
same number of votes to easily pass. trish: okay. all right. so in fairness, you know, confirmation process should be all about vetting and getting all this information and people's history out there. but do you think its gone beyond that, leslie, in that this is indeed political at this point? as ford said, no democrat thought donald trump is going to win and now they're doing everything in their power to stop them from succeeding. >> there are a lot of republicans that didn't think he was going to win and wanted to stop him from succeeding that seem to be doing a 360 lately. no, i don't think the democrats are doing the wrong thing. i mean, when you look at some of the concerns and the rhetoric that the president elect had and some others even rhetoric of the past of some of these nominees, these are concerns for those in the democratic party. trish: uh-huh. >> and that's not going to go away. this is not being a sore loser. this is about being, look, those of you who voted for donald trump because the economy and bringing jobs back -- >> leslie. >> we're concerned about some
of the rhetoric. >> leslie, this is solely about being a sore loser. when president obama put up his cabinet nominees, did the republicans stop them at all? absolutely not. they let them go through because they realized that president obama won the election fair and square under the 12th amendment, and they were going to let him have his power structure underneath to put america first. and right now you guys aren't interested in doing that. i understand there are a couple of folks here and there that you guys might actually have legitimate concerns about. but overall when it comes to this pros, when you guys are yammering about, oh, my gosh the pace of this. that is all false because george w. bush went that fast. barack obama went that fast, and you don't want. trish: yeah, you have to get up and running; right? go ahead, leslie. >> ford, i remember clearly -- i'm old enough to remember as they say on twitter; right? i'm old enough to remember when our senate majority leader said that he was going to work to make president obama a one-term president. that he was going to block everything that he did. >> but he didn't block the
cabinet. >> wait. and the hypocrisy. but he blocked the supreme court member. i mean, seriously. i mean -- >> he blocked a supreme court member in an election year? wait a minute he blocked a supreme court member in a election year which basically has not occurred since 1968. >> he wouldn't have heargs, he wouldn't have meetings, he wouldn't have a vote. >> here's the bottom line. this iall about putting a dog and pony show and gumming up the works when trump wants to make america better and the democrats can't understand it. trish: unfortunately, it all gets reduced to politics at some point or another. both sides are honestly guilty of that, and i think this is one of the reasons that donald trump refunded the way that he did because he was seen as a political and just the kind of guy that wants to get stuff done. i want to get to another piece of news out there and that's jarod kushner, donald trump's son-in-law is expected to be named senior adviser to happen. i would imagine we're going to this one. will they be able to get
anywhere in your view on that, ford? >> i don't think they will. but i do have to -- i would say this to the trump administration. make sure with jarod kushner you dot all the is and cross all the ts because he was a very invaluable person to getting donald trump to be the 45th president of the united states, and he's someone who he listens to and someone both sides of the aisle respect. trish: leslie. >> but there are some problems here, ford. and even though you may not agree with me, there are republicans concerned too. when you're doing business with chinese companies that the current administration has security concerns about, when you have loans and relationships with israeli banks. when you have investors that in the past have had visas in exchanged for favors, i think this goes beyond nepotism. i think this could be a huge conflict of interest and quite frankly, i think it's also a way for his daughter to be able to advise to her husband
whispering in the ear. trish: we have a lot more to get to. thank you so much. i do want to point out our own maria bartiromo is going to be asking about the trump cabinet and much more happening on 6:00 a.m. eastern. you don't want to miss it. automakers, they are on the hot seat as political pressure rises on them to bring jobs back to america and guess what? some of them are actually paying attention. some of them are getting the message. chrysler fiat announcing it's going to create thousands of jobs right here in the united states of america. but general motors saying it's not moving small car production to our shores. how much is it going to cost them? and could this be the beginning of a real reversal? a real renaissance in america car production? that's next
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. trish: fee at chrysler announcing it will invest $1 billion to update and improve two plants in michigan and ohio creating 2,000 new jobs in the process. good news there all coming after ford canceled its plan for $1.6 billion plant in mexico announcing it would invest $600 million in a michigan plant instead. michigan's liking this. donald trump thanking the automakers and i quote ford said they will expand in michigan and the u.s. instead of building a billion-dollar plant in mexico. thank you, ford and fiat chrysler. our own ashley webster joins me right now with more. and that's the good news. i mean, these car companies seem to be waking up and saying. okay. we're going to respond to this pressure but not everyone -- >> not everyone. toyota pushing back today. in fact, last thursday i believe donald trump had gone after toyota. and toyota without bending to the pressure just said, well, wait a minute. no.
this is what we do. i've got to say, i think it's great that creating jobs and canceling plants in mexico and going to michigan, which is wonderful. i don't like the idea of a border tax on u.s. automakers. trish: well, you're not necessarily going to see that. that's the threat; right? that's the promise. he's saying, look, guys if you don't start to build these things here and try to send the vehicles in the united states, i'm going to slap you with a 35% tariff. >> which is terrible because we pay for it. what i would love for him to do. i understand. trish: he hasn't done it yet. >> no. but just the approach where why don't we reform the tax system in this country? especially on the corporate level to make it that much more attractive as a business environment, therefore they will do this naturally because this is a much more competitive market. trish: and you may, in fact, still do that. >> sure. trish: i think that everybody's fingers are crossed that we will get tax reform both on the corporate and the individual side. but i hear you. that said, do you think in
some ways we're going through such a transition here that it's going to become, you know, if you think back, my husband grew up in a small town outside of buffalo where they made radiators for gm. and he said, listen, you did not drive anything other than an american made car in that town. and you did, you would pay a price. so there was a sense, a collective sense within the community we are about american made vehicles. >> yes. trish: and for a variety of reasons, we've gotten away from that. you know, on one level, is he hopefully -- >> because we exported all of our jobs overseas. trish: we did and, by the way, car parts are coming from here, there, and everywhere. >> yes. trish: so you can't really say it's a fully american made vehicle anymore. >> no. trish: but is there an opportunity to get back to that sort of pride of made in the usa? and maybe sort of forcing that issue, the threat of the 35% tariff, i hear you not good. >> yeah. trish: but at least there's a sense that, you know, the
president is not going to take kindly to it and maybe americans in general are not going to take kindly to you exporting all those jobs overseas. >> i agree. i think we should have pride overall and especially in american-made products. traditionally the legacy of this country is especially after world war ii an amazing manufacturing machine that could turn out wonderful products for competitive prices, and it was american made. i would love to see that come back. in fact, my wife and i were just talking, thinking about getting another car or adding a car, and we both agree let's buy american. . trish: see? it's working. it's working with you, and it's working with some of the ceos maybe. >> maybe. trish: i think a billion-dollar investment in a place like -- >> i think everything that has happened with regard to the auto industry is remarkable. it's terrific for this country. overall. because there are some republicans in congress right now we're talking about a broader border tax, which beyond the auto industry, which i think ultimately will
end up paying for as consumer c. trish: no, i hear you. >> that's my only concern. reform the tax. don't raise taxes. trish: ashley, it is so good to see you. and thank you so much for all of your help. >> my pleasure. trish: amazing job. >> welcome back. trish: thank you very much. >> sure. trish: graphics footage coming to us out of mexico experiencing violate riots over rising gas prices. take a look at this. the person slamming his truck into a line of police officers. leaving seven officers injured. 1,500 protesters arrested while 20% hike in gas prices went into effect last week. tragic. all right. the fallout of ft. lauderdale shooter in court today. as we learn more about him, the fbi was so concerned in november, they ordered him to undergo a mental evaluation, and they took away his gun. so we want to know why on earth they gave it back?
they gave back his gun despite the fact that he was hearing voices that were telling him to join isis. we've got it. next. when it comes to healthcare, seconds can mean the difference between life and death. for partners in health, time is life. we have 18,000 people around the world. the microsoft cloud helps our entire staff stay connected and work together in real time to help those that need it. the ability to collaborate changes how we work. what we do together changes how we live.
trish: well, the iraq war veteran accused of opening fire at the ft. lauderdale airport is making his first appearance in court today. the hearing lasting only 15 minutes. esteban santiago is facing airport violence and firearms charges that could bring the death penalty, the 26-year-old from alaska has been held without bail since his arrest after friday's shooting. i want to go to phil who is live for us outside the courtroom there in florida. hey, phil. >> hi, trish. a very quick first appearance inside the federal courthouse behind me for the accused ft. lauderdale hollywood international airport shooter. and inside the courtroom, the accused didn't say much. 26-year-old esteban santiago shackled at the wrist and
ankles appeared very timid and was increasingly jittery during the hearing talking to himself and clinching his jaw. outside a beefed up police presence, police, dogs, horses and bike racks impeding access. disturbing video of the airport rampage obtained by tmz showed him walking calmly and then pulling the pistol out of his pants and emptying the magazine of bullets. santiago admits to it all, planning to fly on a one-way ticket from anchorage to ft. lauderdale. thousands fled in terror friday not knowing how many shooters there were or if this was indeed a terrorist attack. federal investigators with the fbi do not believe it was a terrorist attack, in fact, they have found no ties to any terror organization with santiago. he is reportedly told family
members he was hearing voices in his head after serving in iraq they say he quote lost his mind and clearly suffering from mental problems and in november, two months ago, went to the field office in anchorage claiming that u.s. intelligence was using mind control on him to force him to watch isis propaganda videos and was sent off for psychiatric evaluation. he'll be back here in court next tuesday for his bond hearing. in the meantime, he remains in the custody of the u.s. marble service. trish. trish: all right, phil, thank you so much. for more, i want to bring in right now former cia officer and radio host, we've been learning more and more about this guy, including the fact that the fbi sent him for a evaluation in november and took away his gun, and then they gave it back. you know, it seems that the u.s. government dropped the ball here. you can say what you want about guns. he could have used any weapon of choice. he could have used a car or
anything. why didn't we have him under better surveillance? >> there are two thoughts here. one is that it's good that there's a very high bar -- and there is for taking away someone's guns. usually it has to be voluntarily or a court has to be adjudicated that you are not of sound mind. so it is a very high bar for them to do that. but if a mental evaluation at the fbi referred this individual to was not enough in this case given what he was saying, what is enough? i mean, to say that you think the intelligence agencies are forcing you to watch isis videos or whatever craziness he was -- apparently passing onto the fbi of i see own volition, if that is not enough, then maybe the process does need to be looked at again because who is going to have their firearm taken away if somebody says that they think that the cia or fbi or whomever is making them watch isis videos is not enough. trish: don't you know that you have a crazy person on your hand? that, you know, could be
capable of some violence, and you better watch them more accordingly? >> this is one of these very frustrating examples you see when you look at this from the perspective of just stopping a mass shooting or from a counterterrorism angle that crazy is not necessarily criminal. even crazy that sounds like it could very quickly turn into criminal. i mean, this individual said things that would obviously raise a lot of suspicion. but the fbi has hundreds if not thousands of cases, active cases that it's looking at around the country all the time or at least the beginnings of what could be a terrorism investigation. they're overwhelmed. they can't do 24-hour surveillance. so for them to do this kind of surveillance on this guy, they would need a strong pred kit. and, again, saying things that are bizarre. trish: if nothing else, this guy was a vet. so could they have not done more to take care of him in that he may have been struggling with ptsd or we don't know what was going on. but something mentally in his head was not right. so therefore, can't we intervene as a government and say. okay. you fought on our behalf.
we're going to come in and try to get you right and part of that means watching you more closely, getting you the help you may need. >> well, certainly if we find out that he had a diagnosis of ptsd, it would seem like he's an individual who slipped through the cracks and should have gotten a lot more help than he did. we'll also find out i think in the days ahead based on the forensic examination of his computer activity whether he at least thought he was acting in the name of islamic state or not. whether he had pledged somewhere. the whole way that he conducted this attack, though, is somewhat bizarre that he would fly from one place to another, check and then uncheck his firearm. even in the realm of the crazy jihadist, this stuff doesn't really add up and points more towards -- two things simultaneously. you can decide that you're going to fight for isis in your own head and be a crazy person. but this one seems more like -- trish: a crazy person. >> he was just insane. yeah, he was insane more so than he was a jihadist acting out for isis. trish: scary stuff.
anyway thank you. >> thank you. trish: last night golden globes hitting our president-elect with joke after joke after joke and all ended in a rather self indulgent speech by meryl streep. i just have to ask. is hollywood ever going to get it? will they ever get a clue? probably not. nobody cares what hollywood has to say. i mean, look how much all those celebrity endorsements helped hillary clinton; right? we're on it. next >> disrespect invites disrespect. violence insights violence. when the powerful use the position to bully others, we all if you have medicare
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trish: all right. we have more breaking news for you in another sign that jarod kushner, the son-in-law of donald trump might be preparing to join the trump administration as senior adviser to the president-elect. we have learned that he is stepping down from the board of global gateway alliance, a nonprofit group established to focus on airports and infrastructure. this all coming to us of course as sources are telling fox that kushner will be named as senior adviser to the president. president-elect donald trump firing back at meryl streep, actress of course after she devoted an entire speech, her whole acceptance speech at last night's golden globes. in a series of tweets, trump
said meryl streep, one of the most overrated actresses of hollywood doesn't the president me but attacked me last night at the golden globes. she's a hillary junky. i never mocked a disabled reporter. would never do that but simply showed him gobbling when he changed a 16-year-old story that he had written in order to make me look bad. just more very dishonest media. this is the tweet from donald trump. while accepting a lifetime achievement award, streep did call out trump's performance on the campaign trail saying it broke her heart. >> hollywood is crawling with outsiders and foreigners. and if we kick them all out, you'll have nothing to watch but football and mixed martial arts. and a person asking to sit in the most respected seat in our country imitated a disabled reporter. it kind of broke my heart. disrespect invites disrespect.
violence invites violence. . trish: all right. meanwhile hillary clinton getting several rounds of applause at the closing night of the color on broadway, a much different reaction than the one mike pence received, do you remember that? when he was at hamilton in november. they can't accept this defeat, they're having a really hard time with it, and they are definitely trying to spoil trump's inauguration any way they can. you get leslie marshall and ford o'connell on with us now with their thoughts about this. and i get this hollywood is super, super super left and they're entitled to think what they want and say what they want. but meryl streep really used a very large platform there, ford, to go after trump very directly. you know, i would only point out that at some point they ought to realize that the rest of america is not on their side because as much as they spoke out for and defended hillary clinton, it really only backfired. don't you think?
>> well, yeah, look, there is no single group in the entire world that has worst trump derangement syndrome than hollywood. the election is over. they didn't get the millennium on. but here's what la-la land hasn't seemed to grasp is that they insult half of america and that's pretty stupid for hollywood's bottom line, tris t. trish: yeah, you think of all those trump supporters outer, leslie, and i guess meryl streep wasn't thinking about them last night, and she's probably well enough off that she doesn't need to think about her ticket sales. but i wonder if all those trump supporters are going to be willing to go see the next meryl streep movie hit. >> i don't think she has to worry about that, trish. and unlike donald trump, and i've done some acting. i feel i know a bit more than the president-elect on this, she's a brilliant actress, i would say. arguably one of the most brilliant female actresses i've seen in my lifetime. and i think people would agre a. trish: leslie, she's an
actress; right? she's not a politician. does she have to go on and on and on about politics in that kind of platform? >> this happens all the time, though, trish. whether it's the golden globes, the academy awards, actors and actresses get up and state this and this is not a surprise. hollywood is a very democratic-leaning, ford and quite frankly, look, i have an 8-year-old and a 9-year-old and if they were to mock a disabled child, they would be punished for that. trish: he's saying i wasn't mocking. go ahead, ford. >> all i have to say is meryl streep -- just because it happens doesn't make it right. okay? hollywood is the biggest bunch of hypocrites in the entire world. have made all about tolerance as long as you agree with their monolithic thought. if she's that concerned about the disabled people, she would have been worried about the kid beaten up in chicago and frankly i'm okay with mma and football, and i think half of
america is as well. trish: are you okay with -- i just want to expand on what ford's saying here. because i don't think it's just hollywood. i think that this is the left overall right now. in other words, if you do not agree with us, you are somehow a racist, a masodgenist, you are all of these horrible things, they made multiple comparisons to hitler and a group about freedom, why is it about their freedom and their intellectual freedom and nobody else has the right to think anything else. >> because they're the moral guardians of america as they see it. it's not being an actress, it's about telling americans what to do, and they have a platform and a bully pit to do it. and people really need to call them out. i respect meryl streep as an actress. i think she was great. that doesn't mean i need to listen to her about morality and how people live from paycheck to paycheck in middle
america that she sneers down on when she rakes in these temp tantrums like this. trish: leslie, every american wants what's best for the economy right now. americans decided that donald trump is the best opportunity for our economy right now. just final thoughts here. you think it's appropriate for meryl streep to make these comments. but is she completely in some ways out of sync with the people that are spending the 15 or 20 bucks to go and watch her movies? and doesn't that speak volumes sort of about where hollywood is at right now? >> well, quite frankly, hollywood is not hurting. look at the box office sales if these people want to pay that for the ticket, it's simple economics 101 for supply and demand and, ford, you have the option to change the channel when anybody on the left says something you don't like. and we can stand up and say something about our president. and i guess in this new presidential style, our
president can say something back toward that individual on twitter. for those in hollywood and others like myself on the left, we want a robust economy. i think we all in america agree on that. but many of us, myself included, are still upset with some that are not disgusted by some of the rhetoric or actions such as she was speaking of with regard to mocking of the disabled. trish: final -- i've got one more question here. ford, some are taking the issue with the fact that he's fighting back as leslie mentioned on twitter. and they're saying that that's not presidential. is it perhaps so in this new kind of world we're living in where twitter now suddenly matters. is he appealing to his base in a way that helps him? >> yeah. i absolutely think trump is absolutely right to hit back on her because i have to say this about meryl streep. she has an oversized and undeserved megaphone and if he doesn't stop her in her tracks, that's how this stuff starts to percolate and
basically all the stuff the left cares about is catastrophe not america getting back to work. trish: leslie, ford, great to see both of you. the limited today is closing all of its brick and motor stores. this is on the heels of macy's closing 70 stores and laying off 10,000 workers. is this the amazon effect for real? or is there something else driving these old school retailers into the red? we're on it i'll see you right here in two
. trish: limited announcing it's going to close all 250 of its brick and motor locations. the company is the latest victim of a very challenging retail environment that's sweeping the industry. in fact, just last week you had macy's saying it's going to close another 100 stores and slash about 6,000 jobs after a disappointed shopping season. so what does this mean? are we really witnessing the death of brick and motor retailers as we know them?
eric, good to have you here. look, it's hard to compete; right? amazon's out there. it's easier. you just go on your phone. they sell pretty much everything, or you can go on your phone to any other retailer, shop for the best price. so why bother going into a store anymore? >> well, you got it. and i think that's what's happening in large part. certainly with millennials, which, you know, the limited largely focuses on. and you're seeing it. i mean, you saw it with macy's. the other big thing here is i thin i think apparel is taking a big hit. amazon is shipping away, though. no question. you're going to see it continue. but being in locations i don't think are going away. in fact, amazon is even investing in certain stores in different locations. so for the right stores like home depot and others, they're going to be around. trish: you need to go see that, feel it, touch it. you know, i also wonder, eric, if
something is lost in all of this. and that's customer service. i think about when i was a little kid, and we went always to the same clothing shop there on main street and the same shoe store on main street, and we knew the owners, and they were part of the community, and there was this sense that, you know, they knew what you wanted, and they really took care of you; right? it was a customer service very personal as you have seen the expansion of all of these department stores, macy's is a great example of it; right? macy's went out and acquired a million smaller brands. the department stores got bigger and bigger and bigger and what gets lost in that process? human connection. interaction. and so all of a sudden, you know, it becomes this big warehouse where you go in, you buy this, that, or the other. but there's none of this sort of personal element that you would have gotten from the local department store there on main street. is there still a market for that? i mean, can we get back to any kind of real customer service and small enterprise businesses? >> of course.
of course. look, connection matters. certainly with women, even more so that the relationship and the connection. and there are many stores that are going to continue to thrive because they get that. there's no question whether it's a nordstroms where they remember your birthday, they remember what you bought, what's happening with your kids. and even smaller stores. not going away. but what's gone on online is amazon has done the same thing. they've figured you out. they understand what the types of things you like. what are the things you might be interested in. but they project to the future. they do almost a smarter version of what you get in these smaller stores, but you don't get the human piece. but wait. it's coming. i think it will be coming. i think with virtual reality, you'll literally be connecting with someone virtually right in front of you. trish: i don't know to be happy about that or just scared. anyway, it is changing as we watch it all unfold. thank you for being here with your perspective. we'll be right back with me when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours.
trish: gentlemennard baker, the editor in chief for the wall street journal, he is under fire right now for warning the media about calling president-elect donald trump another politician liars. here's the moment that started it all. watch. >> if somebody says just an out right falsehood, do you say the word lie? or not? >> i would be careful about using the word lie. lie implies much more than just saying something that's false. it implies a deliberate intent of mislead. trish: the left is all worked up about this just because apparently jerry has actually read the dictionary on this. howard kurtz of media buzz joining me right now. he has taken all of this heat, the left is saying you should
be able to say lying but the verb to lie, there's some nuance in that word that i think jerry promote was trying to express? >> i talked to jerry baker for me show, and he feels like a fugitive for media justice. look at what he said. i think we should be careful about applying the word lie. now, he didn't say we should never call donald trump a liar. in fact, he said the journal editorial page pretty tough on misstatements and things that he said that aren't factual. when you say that person's a liar, we know their state of mind it's not a question of interpretation or spin, maybe they just had the facts wrong. and for them to be saying just be careful, got hit over the head with dan rather. trish: dan. of course. once again, does this get back to the heart of the issue which is that the media that we know has a bias. mainstream media, and they're out to get donald trump and anyone, by the way, who maybe expresses an interest in both sides of the issues.
they're out to get them in a pretty substantial way, hence dan going after jerry baker. >> yeah. major elements of the media, absolutely. and the thing that occurred to me, and i asked jerry baker about it was let's say hillary clinton had gotten to 270, do you think you said something like this the media would be going? and the answer is no. there's a built in expectation and of course donald trump lies and he's a dangerous character that i thought might fade a little bit after he became president-elect not really seeing that in most quarters. and so this became a very controversial thing that he said on meet the press when all he was doing was urging a little bit of generouslyistic caution and all of us better think hard about the meaning of those words. trish: when you think, for example, donald trump they were just writing him off. the time magazine saying the whole thing was over. publication after publication saying he absolutely did not have a chance and both you and i said, look, even if you think that, even if the poll numbers are saying that, the guy's still running for president. and this and it's not over until it's over. so for the media to be so
dismissive and, by the way, they were so wrong, really once again speaks to something that i think frankly is rather new. >> this says to me that the media didn't learn the lesson in the election. and some columnist came out and said, yes, we should have more in touch with the millions of angry americans that supported donald trump. but when millions of people voted illegally for the election. i'm perfectly willing to call them out. i'm not trying to give them a path, i think this media should cover this president. it is your deciding that you can read his mind that you know that he's trying to deceive the american people. barack obama said if you like it, you can keep it. the journal of the editor page didn't call that a lie. certainly called it an untruth but not a lie. words matter. words have power. trish: wall street journal is a good paper. i'll see you back in two
that is how many days until inauguration. donald trump witting taking office as the 45th president at noontime that day. you can watch all the action right here on fox business all day long. and 8:00 p.m. eastern, i will be there for a special edition of the intelligence report, live from washington, d.c. make sure you tune in. liz claman, over to you. liz: trish you know what? we may have witnessed the very best example of how donald trump will be one of the most pro-business presidents u.s. has ever seen. he let it play out in front of your eyes by walking these two ceos into the trump tower lobby. jack ma, with alibaba with his 370 million active users who constantly buy stuff from him. and lvh's bernard arnault, vivendi,