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tv   After the Bell  FOX Business  February 27, 2018 4:00pm-5:00pm EST

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it's a good stay to buy. [closing bell rings] liz: jack oliver, with rbo and company. we're off session lows, still getting hit. the dow off 277 points. a lot of breakings news. "after the bell" has it. david: selloff on wall street as a the new fed chief suggests extra rate hike this year. melissa: oh, goodie. david: ending down over 300 points. hi, i'm david asman. we're back again. melissa: we're back together, thank goodness. i'm melissa francis this is "after the bell." here is what is happening at this hour. we're waiting knew new comments on historically black colleges and universities. we'll bring you the remarks as soon as they happen. the who holds the keys to your
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economy and wallet first time as chairman of federal reserve. what jerome powell's testimony means for you and your money. among our guests at this hour, james freeman from the "wall street journal," art laffer, former economic advisor to president reagan and judge andrew napolitano. david: what a lineup. back to the markets, dow ending at session lows after new federal reserve chairman jerome powell testified on capitol hill. nicole petallides on floor of new york stock exchange. really went south at the end. i think we're just at about the 300 mark to the negative side of the dow. >> that's right. over last couple days we actually saw the gains of about 750 points almost over last two days. so giving some of that back today, but a dramatic move here right at the end of the day, finishing at session lows, not a great sign for the. fed head powell talking about economy growing. wage growth on way upside. gradual increases likely. we'll hear more in march.
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the dow finishing down 300. that was session lows basically. dow movers intel and boeing gained. intel got positive comments. gave a top chip stock, boeing. then you can see disney and merck under pressure. we'll get to disney a moment. vix jumping at end of the day. that is around 1890. move for the vix is 19%. biggest move for a couple weeks. we have talk of comcast. comcast offering 12 1/2 pound per share for sky. comcast taking on twenty-first century fox, parent of this network, and disney on this deal. the proposed deal is higher than that from fox. fox coming out with a statement, 21st century fox remains committed to the recommended cash offer for sky announced. there is no offer for comcast at this point. david: thank thank you, nicole. sorry to interrupt.
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we have the president coming out. let's listen in. >> you will see the fruits of that labor and see it over the years. i want to express our tremendous gratitude for jonathan holyfield and members of the white house mission, initiative and historically black colleges and universities throughout our country. they're working hard, doing well, and we're making a very big commitment to them today. since i signed and by the way, jonathan? where is jonathan? [inaudible] since i signed the executive order establishing this initiative in my administration we have made great strides in strengthening hbcus, a
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cherished and vital institution in our country, very important. i'm proud to say that my budget continues america's commitment to helping hbcus improve their competitiveness, requesting more than half a billion dollars for hbcu-focused programs. further the recent budget deal allows for forgiveness of any outstanding loans owed under the hbcu hurricane supplement loan program, which was a very difficult task and it worked out. i'm also pleased that our expansn of the pell grant eligibility will greatly help the many students attending our wonderful hbcus. today i'm honored to announce that johnny taylor, jr., well-known to a lot of us, great guy, will serve as our new chairman and chairman of the president's board of advisors, on historically black colleges and universities.
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johnny is ceo of society for human resource management which serves to connect students at these institutions with the jobs of tomorrow. he also recently served as president of the thurgood marshall college fund. i know he will advance the cause of hbcus, a major priority of our administration. with that i would like to introduce and thank chairman taylor and invite him to the podium to say a few words. thank you. thank you very much. [applause] david: okay. there is going to be a lot of announcements made now by the group that was standing behind the president, historically black colleges is the occasion of this meeting. if the president says anything after these comments, which from time to time he does, he may take some questions from the audience we will go back but otherwise we're going to move on. melissa. melissa: jerome powell is the new chairman of the federal reserve and he was put to the
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test in front of the house financial services committee today for the first time since taking over from janet yellen. adam shapiro son capitol hill with the latest. adam, give us some of the biggest nuggets. reporter: biggest nuggets. the economy was growing. it was growing at 3% at the end of 2017. the chairman expects that it will continue to grow and be strong for couple more years. he talked about the fact that they expect inflation and wage growth to accelerate later this year. so specifically on the economy don't listen to me, listen to jay powell, the federal reserve chairman. >> it does feel to me that the next couple years look quite strong and you should see strong demand from consumers. you should see businesses investing. i would expect the next two years on the current path to be, you know, to be good years for the economy. reporter: but then there is the issue of interest rate increases. carolyn maloney from new york
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was trying to pin them down. what would it take for more than three interest rate increases every year, that is what everyone is expecting the if you were a hawk and federal reserve will raise interest rates more than three times a year, listen to what the chairman said, it might reinforce your echo chamber. >> we reached the point where the risks are really two-sided now. we need to keep that into account. if we do get behind and that the market doesn't, the economy doesn't overheat, we don't see that now, but if that does happen we'll have to raise rates faster and that raises the chances of a recession and recessions tend to hit vulnerable populations the most. reporter: if you however, when it comes to interest rates are a dove, listen what he said in the sound bite. we're not there yet. he alluded to the meeting in three weeks roughly in march where the federal reserve will once again get the dot plot where they will let us know what the majority of the presidents of the regional banks and the board of governors believe will happen with interest rates.
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whether we stay at three. whether we get more this year. perhaps even fewer. back to you. melissa: good stuff. adam shapiro, thank you. david: let's bring in our market panel. gary kaltbaum, the president of kaltbaum capital management. he is also a fox news contributor. danielle dimartino booth. former federal reserve advisor and author of, fed up. danielle, the one thing that bothered me about what mr. powell said he suggested if the economy overheats we're going to have to raise rates. overheating does not necessarily mean higher inflation. we saw that in the 1980s. we had an economy growing at 7% and inflation rate came down. so it seems as though he has bought into this idea that a strong, growing economy could be bad from an inflation point of view. >> yes. he certainly does and he is a little bit more market-oriented than anybody we've grown accustomed to over past 30 plus years. he is looking at world through
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different prism. he is looking through contacts from industry and they're telling me, my input prices is heating up. the cost to bring on the next employee, it is increasing. we're seeing some of that reflected in jay powell. would i also interpret that he would allow the unemployment rate to tick up and continue to hike into that. i think that is what brought a little bit of the worry in markets today. unlike normal, what we've grown accustomed to if you will, come thursday morning i dare say, rather than expecting any kind of a repeat investors are going to be paying attention to everything the new chairman has to say all over again. david: but gary, the thing is from my perspective, i have not bothered at all if he is focused on inflation. i think that is what the fed chief should be focused on. we don't want dollars in our pocket worth less tomorrow than they are today but at the same time he shouldn't be worried about growth, should he? >> at this second no. my biggest problem he is worried about every little thing. i suggest why don't they take a
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day off let the economy be itself. david: exactly. >> everything will be just fine. i think the problem is they're too involved with every little thing goes on on a daily basis, enough is enough. i think they created so many distortions around the globe with their moves throughout the years. i have to tell you my biggest problem today had to do with the debt and deficits, when he was asked about it, he said it was not a risk. then he was asked about budgets, he says he doesn't care about balanced budgets. this guy is arguably number two guy in the world, besides mnuchin, deficits, debts, balanced budgets we don't need them. when all said and done we are supposed to fix that and he is supposed to be the guy in front of it. david: don't panic f we learn anything from the past eight years, don't panic if you panic you will make things worse. danielle, gary we have to leave it at that melissa. melissa: ahead of a presidential meeting with lawmakers the
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white house announced it supports two pieces of legislation to combat gun violence. that meeting will take place tomorrow. blake burman live at the white house with the latest. blake. reporter: melissa, those two pieces of legislation the white house now supports a reaction to the stoneman douglas shooting. the first is the stop schools violence act that essentially calls for reauthorization of funds, federal money that had gone unauthorized for years that will be sent to schools to prevent against violence. the white house believes that there is support in both the house and senate for this measure. the second is the "fix nics" bill. looking to background checks and getting states, getting governments to report criminal records into the background check system more accurately. and if they don't, penalizing them. the press secretary earlier today, sara sanders suggests as well, more proposals could come down the line from the white house by week's end. >> the only two specific pieces
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of legislation that we are announcing support for, two i mentioned. anything further comes later this week. the president, as i said, expects to meet with a number of lawmakers tomorrow from both sides of the aisle and we'll have more information about specifics after that. reporter: some republicans have concerns about that background check bill, specifically those who are flagged how they would go about having an appeal. the top democrat in the senate wants to go even further and chuck schumer said today, he will believe it once the president holds a signing ceremony. >> until president trump puts to paper what he really wants you never really know what he really wants as we have learned that hard lesson over and over again. so i'm not yet encouraged. if he comes out with something specific that actually moves things forward, comprehensive background checks, he said, we want universal. we'll see if we mean the same
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thing. reporter: essentially formality today, president trump's campaign says he will run for the presidency in 2020, the news out of this, brad par scale, who ran president's digital operations in 2016 will be named or has been named the campaign manager. david, melissa, back to you. >> blake, interesting. thank you for all of that. david: we have breaking news from inside of the white house. a government source telling fox news that jared kushner's security clearance has been downgrade to interim top secret to interim secret. this means he can not view the president's daily brief. all this may change. a lot of things happening in the white house. melissa: yeah. breaking ties with the nra. forget about your tax break. one republican's ultimatum for delta air lines. david: a new warning from the gop. top conservative telling lawmakers that republican agenda can't stop at the tax law. next james freeman from
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"the wall street journal" responds. melissa: speaking of those crumbs, a top business leader telling fox business that the tax cuts are quote, robbing from the future of young people. coming up, art laffer former economic advisor to president reagan sound off. ♪ select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, only with td ameritrade.
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david: georgia's lieutenant governor, casey cagle, fighting back against delta airline's decision to sever ties with the national rifle association as dozens of major companies cut ties with the nra in light of the gun law debate sparked by a deadly shooting at a florida high school last month. here with the story, gerri willis. >> delta stopped offering
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discounted fares to members of the national rifle association, georgia's lieutenant governor is threatening a critical tax break for the airlines. lieutenant governor casey cagle tweeting this, i will kill any tax legislation that benefits delta unless the company changes its position and fully reinstates the relationship with nra. corporations can not attack conservatives and expect us not to fight back. in the wake of last week's massacre at a florida high school, delta along with united airlines, speaking with the latest major corporations to sever the ties with the nra. cagle demanded, atlanta based, delta, one of the state's biggest employers make a choice, stop punishing the nra or watch republican lawmakers strike down a $50 million sales tax exemption on jet fuel which delta that is, would be the primary beneficiary. in a longer statement cagle said if corporate america wants to make a positive difference on gun violence it should donate a portion of its profits to mental
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health treatments an school safety initiatives. our very own neil cavuto spoke with georgia congressman doug call lines. >> let it hurt their business. you would be just as aghast, something a left-leaning group wanted to see and company did the opposite and wanted to pick at them this is just as bad or worse, right? >> look, this is exactly what i said, neil, is talking to them, look they made a mistake. they are going to adjust it. senate will react as political body does, but let's hear this, governor deal, i have faith in governor diehl and rest of them to work it out. delta understands the miscalculation they will come come back. >> severing of ties by corporate names from major insurer, car rental brand and house moving company began after the nra launched a counter offensive against student-led campaign for tighter gun laws.
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nra says its members are being punished but would not be intimidated by a shameful display of civic cowardice from some corporations. not all companies are backing away from the nra. fedex the company said in a statement has never changed our rates for companies around the world because of politics or beliefs or positions. twitter exploding with criticism, they may organize a boycott of shipper. delta, no comment. guys, back to you. >> what a debate. thank you, gerri. melissa over to. >> the message to lawmakers, keep the it going ahead of elections. james freeman, "wall street journal" editor and fax news contributor. a lot of people are saying that is great. have to keep going. what do you think the right thing would be to try to tackle right now? looked like immigration had some traction? >> kind of a dangerous time for
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republicans. i mean i think they really set the table with the trump deregulation effort. with the tax cut. the economy is picking up. melissa: now we are another course, bring me another course. >> we're getting into some of these issues which could be anti-growth, bad for the economy. >> interesting. >> steel tariffs. if there are big restrictions on immigration. more wasteful spending in washington. these things are a danger. i would say the big opportunity in terms of growing the economy to do another big move after the tax cut would be fulfilling the president's desire to radically cut red tape when it comes to approving infrastructure projects. he talked about that two-year limit where you got to get a decision to build big projects and if he can really reform that, maybe even without spending much taxpayer money, you could really encourage a lot of investment. melissa: that's a great idea because one of the press conference he did, got people that care about business news the most excited was that one where he came out with a stack
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of the regulations it would take in order to build the empire state building and said how many years it would take. he came out with what he thought should be just the few regulations, get it done in short period of time. something like that. now can he do that with executive order? >> he can go some way with executive order but he really talked about getting this as part of an infrastructure deal. melissa: okay. >> who knows whether that happens. election year, i think a lot of democrats will say to their friend in labor unions, wait, you will get even better deal from us next year if we can take the house but i think there is a lot of encouragement to those lawmakers to do a deal now. people want more infrastructure projects and if you can get a change in the way we do things where it is not a decade of environmental reviews. melissa: right, right. >> paperwork, lawyers, compliance, and you actually can start building soon -- melissa: we might see shovel-ready jobs actually happen as opposed to being fant at this jobs. >> yeah. melissa: california democratic
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party had their convention and basically almost booed dianne feinstein. did the equivalent. they refused to endorse her. only 37% of the vote she got. it was, it is kind of incredible. she is 84 years old. she has been you know, the leader out there. >> yeah. five terms. melissa: what does that tell you if anything. because they're looking to go more left in california. that is not knew. what does that tell you? >> whether the extent this will be a full-on bernie sanders party litmus test of whether you support total government health care. no more private insurance. melissa: right. >> by the way it is even moderate call than a lot of people think. bernie sanders calls it medicare for all. it is actually medicare for none. basically wipes out almost all of existing public and private insurance. you would think about the problem with barack obama knocking out a few million people's insurance plans. you're talking about hundreds of millions of people being knocked out of their insurance coverage.
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so they are going all-in for in terms of a lot of california politicians, some of his senate colleagues -- melissa: on socialism. >> this is the question. i think this has been democratic state for a while. you wonder if this is where the gop comeback starts, if they decide they're going full sander sander -- nissta. melissa: i look that. awesome. david. david: sander-nista. melissa: i love it. david: mueller making moves in special counsel mueller probe. could have supreme court looking at daca with a decision has a lot of people guessing. judge andrew napolitano doesn't guess, he knows. fox news senior judicial analyst coming next. ♪ cool. but before you decide, you should know that chevy silverado's are the most dependable,
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longest lasting full-size pickups on the road. which means that ford f-150s are not. (laughs) which truck would you pick? the chevy. the chevy. the chevy. there you go. boom. that wasbvious. plus it looks cooler. no doubt about it. now they know what to get me. (laughs)
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david: clarks dropped. special counsel robert mueller
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moving to dismiss some charges trump campaign aide rick gates as part of his plea deal. as his codefendant paul manafort maintains his innocence. here is judge andrew napolitano, fox news senior judicial analyst. the question here, judge, who is mr. mueller trying to squeeze? is it manafort or could it be the president? >> i think it is actually both, david. i think he is trying to squeeze manafort in an effort to get manafort to issue a guilty plea. in an effort to get manafort to to the president. recall after manafort was fired and gates stood on. gates was there from april of 16, through the end of the transition. i suspect gates begun to spill the beans. i suspect new indictment of manafort allegedly bribing european officials, i think that information was given to them by gates. david: is it conceivable, that
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gates had ally in bannon, that bannon will try to be squeezed somehow by mueller? >> i don't know. bannon spent a day with mueller. we don't know what questions were asked and we don't know what questions were answered. david: we don't know of any impending indictment against bannon? >> no, we don't. david: he wasn't up to a lot of stuff dealing with ukraine manafort and gates was. >> newest indictments against manafort and ones dismissed against gates show financial shenanigans while they were managing the president's campaign. david: yes, i understand. >> older ones were all pre-14. these go up to the end of 2016. david: which do know there was another individual who was questioned and subpoenaed by mueller in this whole ukrainian world. that is the brother of the man who hillary clinton's campaign. >> yes. david: is it possible tony podesta will be indicted in this as well? >> it is possible that bob mueller is looking at dnc and what notorious dossier they
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may have funded. david: speaking of dossier. you had a chance to look at the democratic memo. >> yes. david: comparing to the republican memo, anything jump out at you? >> david, i'm down on both of them. i really think the cherry-picking of raw intelligence data for a political narrative is extremely dangerous and that neither side should have done it. look, it is obvious there was a basis to surveil carter page. the guy boasted, publicly boasted he was working for the kremlin while he was an advisor to donald trump. that is enough to justify surveillance alone. why they greased the skids by submitting the dossier to the court i don't know. i don't think they needed it. david: the democratic memo says fisa was not used to spy on trump or his campaign. do you believe that? >> no, i don't. no, i don't, from sources that i have spoken to and from public sourced materials i think that is a highly misleading statement. david: very interesting. on daca finally one question, president obama a lot of judicial experts, i think you're
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one of them, say he usurped his powers when he created daca. >> yes. david: he took away from congress, what is, should have been their role dealing with immigration. >> yes. david: now you have judges, not the supreme court, they sent it back to the lower courts, you have judges saying somehow this unconstitutional decision by president obama should be saved? >> has to stay in place. i'll tell you why. candidate trump blasted daca. president trump second month in daca extended it for a year. now a year later he is blasting it again. when you send mixed signals to the courts, what do they do? keep the status quo until the trials are over. trial in brooklyn and trial in san francisco. we'll wait until congress rules. i think the court did the right thing. david: judge napolitano. thank you. >> pleasure, david. melissa: americans are feeling impact from the tax cuts so why is the starbucks executive chairman saying young people will be robbed as a result? hmmm.
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art laffer, former reagan economic advisor respond. ♪ we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie. or the suit. or the shirt. voya. helping you to and through retirement.
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david: just one cheer for tax cuts. starbucks executive chairman howard schultz admitting to fox business that president trump's tax cuts will add to his workers paychecks, but, he is also charging that it will add too much to the nation's debt. take a listen. >> when you look at the tax cut unto itself that 21% tax cut
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will add over a trillion dollars to an already 21 trillion-dollar debt. i think we are not paying much attention to that while we are robbing from the future of young people in america who ultimately are going to have to pay for 21 trillion-dollar tax deficit. david: here now is art laffer. he is former reagan economic advisor and laffer associates chairman. this is a guy, howard schultz who endorsed barack obama in 2012. barack obama doubled the nation's debt by $10 trillion over his two terms. it is true shults's complained about the deficit during even obama, but to endorse somebody who did more than anybody to increase the debt seems kind of hypocritical to me. >> yes, but the problem these estimates that come out on the increase in the deficit and the increase in national debt after 10 years are just ridiculous. what does this man want? does he want us to increase the tax rate from the highest in the
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world at 35% to 70%? we'll get 450 trillion more dollars, 4 trillion, $500 billion from the debt? absolutely not. economy would collapse. if we raised tax rates 100% we would get no revenues. this is silly talk from a person that makes great coffee and run as great company but doesn't understand this stuff at all. that is just ridiculous. david: even though he is saving a lot of money. he is saving enough money to pay bonuses and stuff to his employees. >> that he does understand. there he is completely correct. he is getting less taxes and hopefully he will expand his business more, invest more, create more jobs, more out put and more employment. he is surely doing what we thought he would do, increase wages of is employees. that is all wonderful. complain that will lead to huge increase in the national debt by one trillion plus over 10 years is ridiculous. that is like, if he tripled his
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coffee prices, almost has tripled coffee prices. melissa: right. >> if he did triple them they would lose business. david: steve mnuchin and wilbur ross and other people in the trump administration claim that we can grow our way out of the debt. wilbur ross came out with this figure that we'll make $3 trillion more in revenue as a result of the tax cuts over 10 years. do you buy into that? >> yes. i think 3 trillion maybe is a little bit high but numbers i come up with because of the corporate tax cut and tax bill we'll increase net revenues about one 1/2 trillion dollars over the next decade. you will get a lot less tax shedderring, a lot less -- sheltering, a lot less tax evasion. a lot of companies come back to the u.s. it will be beneficial. in addition we'll get enormous amount of economic growth over the decade otherwise we wouldn't have gotten, david, just the way we did in the '80s. i don't know why piece people step outside of their business.
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he is a great businessman. coffee shop manager. david: faint praise, art laffer. hold on a second. meanwhile there is an economist who supposed to know something about how the economy works who caused the market to go down 300 points today, because he said he is worried about overheated economy. what do you think about mr. powell's comments? >> i think he should go to coffee-making as well. just teasing with you. powell will be a good fed chairman. david: but doesn't it bother you, art, he said an overheated economy that is economy that is growing great guns is bad for the country? >> i know it is amazing, isn't it? here again i think it will be great -- shouldn't have him seven all the time. what the heck will he say? he has hours and hours of time. david: you don't think he believes what he said? >> oh i think he has a speechwriter write that stuff. he wants to make a nice speech so it sound good. alan greenspan said everything
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in every speech could be said. even contradictory information. everyone confused but he did a great job as fed chairman. i expect powell to do a great job as fed chairman. i think it is a big improvement over janet yellen and ben bernanke. i'm looking forward to his chairmanship to make the country stronger. i love howard schultz he is great. but goodness gracious. we'll have better, better revenues because of tax cuts, not worse revenues. david: art laffer will not get a free cup of coffee anymore at starbucks, that's for sure. you will be a good friend of mr. powell es. >> i don't mean. -- schultz is great on his job. goodness gracious, why does he say that? what benefit is he giving america to say that kind of stuff. david: i don't think you liked what he said. >> why would he go say it. david: we're getting hook. >> nice talking to you. bye now. melissa: returning to the scene
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of the deadly shooting. stoneman douglas students are getting ready to head back to school for classes tomorrow morning. just moments ago florida governor rick scott spoke to members of the media throughout florida, highlighting an action plan to make major changes to keep students safe. fox news's mat finn, live in parkland, florida, and what is the latest? reporter: melissa, the governor highlighted fact state legislatures here in florida have a week and five days left in session which they can vote on his plan. he is obviously encouraging them to vote yes. some highlights and proposals from governor rick scott, he would like a mandatory law enforcement officer in every school or at least for everyone thousand students here in florida. the governor also proposing mandatory active shooter training in every public school in florida. and he would like, everyone in possession of a gun, looking to purchase a gun to be 21 years or older. the governor saying that he wants to make it impossible for
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mentally ill people or a person who is danger to himself or the public to get ahold of a gun. with the governor, two fathers whose daughters were murdered in stoneman douglas high school. here is sound from the governor and also one of those fathers. >> i will work every day between now and the end of session to make sure we pass legislation that will make our students safe. we need to pass reforms to make it virtually impossible for anyone who has a mental illness or danger to themselves ever to use a gun. >> i don't want to do this but you guys, look at me. i want to be the last father of a murdered kid that is ever in this country. that's it. this is me. i'm the last father. reporter: the governor also wants to make some exceptions for 21-year-old proposal tore active duty and reserve military and their spouses. the governor planning for certain people, preventing them from buying a gun, including a
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person in trouble for offenses, stalking, sexual or domestic violence. worth noting that governor scott is against arming teachers. so far the president is in favor of arming teachers. today speaker of the house paul ryan would be in favor of arming teachers. melissa. melissa: matt, thank you. david: we told you recently about a new experiment in california where some residents are getting basic income every month for doing absolutely nothing. a new survey showing the surprising amount of americans who actually support this for everyone, in the world. plus illegal immigrants in chicago are getting a special benefit. jeff flock explains how that works coming next. ♪ entially serious bacterial lung disease that in severe cases can lead to hospitalization. it may hit quickly, without warning,
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melissa: the benefits of citizenship without actually being one. chicago is rolling out a program called city key, a municipal i.d. card open to all city residents regardless of immigration status and get this,
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the card will be accepted as legal form of i.d. for anyone who wants to register to vote. with more on this, let's go to downtown chicago where jeff flock is. the indications seem pretty obvious. reporter: that is the rub on it although the city says there are ways to sir couple navigate that, first to the card. it is city key. is similar to the card in new york. it is designed to bring undocumented out of the shadows. that is the city clerk, anna valencia on that card. they come out next month from the city hall behind me. in order to get it, all you need to do is prove that you have, that who hour you say you are, your identity and you live in the city of check go. americans it is open to undocumented immigrants. here is where it gets tricky. you can present that as means of registering to vote. you still can not vote if you are an undocumented immigrant
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but, on the application all it does is ask you that you swear or affirm you're a citizen of the united states. if you say you are, nobody actually checks it out and that's even true today in illinois. if you make that affirmation, if you presented faults -- false i.d. there hasn't been a lot of voter fraud. some think it opens the door to it in a way it currently is not. at last count there are 183,000 undocumented folks in the city of chicago alone out of a population of almost, little less than three million. that is about 6.8% and you know, even if a small small amount engage in fraud it could have impact on elections but that's the story of the new city link card in chicago. melissa: interesting, jeff flock, thank you. david: taking another shot at completely ending obamacare once and for all. a group of 20 states launching a new legal fight against the
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health care law in its entirety. leslie rutledge, arkansas's attorney general, whose state is part of that initiative, sounding off next. ♪ this looks better than 99% of the suvs out there. it's very modern... sleek. maybe the most impressive part of the all-new traverse... is what's on the inside. surprise! what are you doing here? i've missed you guys. i haven't seen you guys in so long! what's happening? we flew her out. it's a family car, we had to put your family in it! yeah, it gets 7 thumbs up! ronoh really?g's going on at schwab. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms... again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker
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david: we have more breaking news on jared kushner. fox news confirming that his security clearance has been downgraded from interim top secret to interrecommend secret. a spokesperson for mr. kushner spoken out. no concerns were raised i about mr. kushner's application. general kelly said the new clearance policy will not affect mr. kushner's ability to continue to do the very important work assigned by the president. melissa. melissa: fighting to end obamacare once and for all. 20 states are suing the federal government to end obamacare claiming when the individual mandate was repealed the law
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came unconstitutional. my next guest is part of this coalition. here is leslie rutledge, arkansas attorney general. so explain to our audience why this next step is necessary, why this lawsuit is necessary? >> well, sure. as you said in the intro the obamacare was held up when chief justice roberts stated essentially that the individual mandate was a tax, and because of the tax law that was passed by this administration, through congress at the end of last year, removing the individual mandate now obamacare fails on its face and it is unconstitutional. that is why i joined together with 19 other states led by attorneys general in texas and wisconsin to challenge this, to challenge the affordable care act again, because now that the individual mandate tax is gone there is nothing for the, affordable care act to stand on. melissa: but, when you say now it is unconstitutional because the tax was repealed, why is it
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unconstitutional? >> looking back through the previous opinion where chief justice roberts had stated that, the court makes it clear that is what they were able to hang their hat on. that is how a chief justice was able to get to the constitutionality of obamacare under the commerce clause. and because that has now been removed we believe that a majority of the court will find it is no longer constitutional. melissa: okay. i want to ask you also, so tomorrow there are, you know, state legislators are going to see the president to talk about, you know, various gun laws and reaction to what's going on, what went on in florida. >> sure. melissa: as arkansas's attorney general are there law changes that you need or you would look for in order to make your state safer for students? >> well certainly since the tragedy in florida, it has raised this discussion again
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that we must have to protect arkansas students. we have been in talks with the governor, our legislators, about measures that we can take, perhaps statutes that we can change. melissa: like what? >> well, not at liberty to share what the legislators news is but it is something that they're going, that they are looking at, we're working on. it's something we need to make sure, for example, if someone is charged with driving while intoxicated in arkansas, they immediately lose their privilege, their driver's license because they have proven to be a threat to themselves and others until they are found guilty or not guilty. an individual who has a firearm, who has shown to the courts that he or she is a threat to him or herself or others with that firearm, perhaps we need to look at temporarily removing that firearm from the individual's possession. melissa: interesting. do you think it could be better handled at a state level, rather than waiting for congress to pass different kinds of laws?
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at a state level you get together to decide about these tougher restrictions in your area? >> well, i think it is going to be handled at the state level because states are in a position to act much faster than congress often types. melissa: yeah. >> they act in accordance with individuals in their states. we're looking at measures in arkansas to, again protect schoolchildren but to protect others while not infringing upon individual's rights to carry and bear firearms. that is important that there is a balance but we address this from a mental health issue. melissa: that makes a lot of sense. wish weigh had more time. david: we'll be right back. alerts -- wouldn't you like one from the market when it might be time to buy or sell?
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melissa: a paycheck without the work. more americans are now supporting a program to give free cash to everyone. why not? david: and 48% of americans approval, apparently of universal basic income. according to a new northeastern university
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survey. that's up from a poll ten years ago that only showed 12% of approval. now, to be clear, the definition of income is money earned for exchanged goods and services. not just breathing. melissa: i've got to tell them that. risk and reward starts now. >> i think what they didn't understand is the fact that one of the very strong sentiment now georgia legislature. what this would actually mean. and now i think many of the senators down there took it as a direct, you know, front to conservative valleys when attacks, things on conservative side. people don't respond. many times they don't respond what the legislatures are doing down there responding saying we don't like what you did, and we're taking a closer look of this. ashley: big businesses clashing with conservative lawmakers over the nra. now, georgia-based delta airlines now butting heads with local legislatures. this after delta cut its partnership with the nra. tonight, we've got the local lawmaker who wants

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