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tv   After the Bell  FOX Business  April 17, 2017 4:00pm-5:01pm EDT

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rally. dow is up 179 points as the closing bell begins to ring. you can catch my entire interview with imf chief christine legarde on foxbusiness.com. in the meantime, david and cheryl pick it up here. >> all right, liz, thank you very much. wow. what a day for stocks right now. soaring into the close. thank you, liz, seeing green on wall street. the dow ending the day up right now as you can see on the screen 188, almost 200 points, it was crazy. s&p 500, nasdaq climbing higher as well. hello, everybody, i'm cheryl. >> and i'm david asmand. i love when it settles up from where it ended at the at the end liz's show. we've got we have a very busy hour today. stocks are rallying on expectations for a blockbuster earnings season. kicking off this hour with results from netflix and embattled airline. united con men embattled
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airlines from removing that customer from his seat. vice president pence is now in south korea issuing a strong warning to the north. don't test president trump. but the rogue nation remaining defiant. ambassador john bolton weighing in on this. protesters turning violent. dim traitors demand president trump release tax returns. how he is responding to the violent protests coming up. cheryl: a lot of news to cover, get to this one. major moves on wall street, especially in the final ten minutes of trading. the dow spiking in that final hour. lori rothman on the floor of the new york stock exchange with big winners from today's rally. >> let me whip through these, cheryl and dave. let's look at some of the big movers. bowing shares up 2%.
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the big news if unless you happen to be engineer for boeing. second round of layoffs. hundreds of engineers in the commerical airline unit. facing competition in the industry. snapping a 10 session losing streak, look at facebook up 1 1/2%. of the amazon up about 2%. "new york post" amazon is eyeing bj's wholesale club to purchase. keep an eye on that. alphabet google up as well. investors are optimist i can about the outcome, expected to bring in revenue up more than 2% in the current quarter. tough day for snapchat, down 1.25%. social media back and forth. the c picking up criticism that he dn't want to put spain and india on top priorities because they are quote, unquote, poor countries. those are some headliners. back to you guys. cheryl: stocks really rising, lori. we'll see you after earnings. you have earnings season ramping
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up right now. stocks celebrating for great quarter from u.s. companies, global tensions over the weekend over president trump's continuing foreign policy tests. liz peek of the "fiscalç times" and steve cortes of bgc capital partners and a fox news contributor. steve, the markets look like we're back to old-fashioned business which means companies do well, investors do well. is that the gist of snapping of today's three-day losing streak for the dow. >> first i say, say may men, chairman. couple things talking about the stock market rally. rasmussen showed it back at 50% a rebound off a few weeks ago. secondly the fact that america is exerting a muscular foreign policy all over the world, thank goodness nothing went wrong over the weekend it might have gone right. not only nuclear or missile test from north korea not work, there
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is at least rumors it didn't work because of america hacking into it and making it not work. there is renewed optimism we don't have geopolitical hurdles to get over. we look at earnings, growth, taxation, i think the outlook is great for renewed growth agenda under trump. cheryl: david will talk to you both about tax reform that was a back step from steve mnuchin comments coming up this afternoon, liz. at the same time companies really at this point, we saw that trump rally, that postelection rally. there was a little bit after stall when there was concern. do you agree this is more politics and things are going better for the trump administration and the markets? or do you think the fact basically companies are more optimistic about the global economy general and about t consumer in general? >> i think all of the above, actually. i think he has higher approval ratings for the president makes it more likely he can exert influence on congress and get the agenda moving forward, which
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right now is kind of a question mark as you indicated earlier. let's not discount the importance of china coming out with better growth results than expected. remember, much of last year we were watching china's deceleration and wondering how it would impact global growth. today we had the opposite. good news out of china. i frankly think it is short-lived because a lot is debt fueled and not particularly sustainable. at least that is a pretty big push to the global economy. i think actually a lot of things went right, as steve said, how many americans are happy to see the end of inertia as our basic foreign policy, and a president who is willing to act? i really think that was a really terrific thing to see. i think the response to syria was proportionate and well-done and i think that was very, you know, very cheering honestly fed up with obama's dithering. david: talk about dithering,
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congress is back in session but according to grover norquist that might not speed up the timeline for tax reform. take a listen. >> i believe we'll get a tax reform package this year. however if the freedom caucus sinks health care and sinks normal tax reform we could end up with very shrinked down version of tax reform. the guys who torpedoed health care are threatening to torpedo tax reform. david: then, liz you have comments treasury secretary steve mnuchin that tax reform is not realistic thing by august as he said before. i am wondering what is your gut telling you? are we going to get meaningful tax reform retroactive to january 1, 2017? >> i think we will but it could be towards the end of the year or even slopping over into 2018. david: my goodness. >> i know. i wrote that last week based on conversations with peopleç working on this policy. the president is totally correct
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that health care reform is really important to getting what he wants done, i.e., lower rates across the board for individuals and corporations pushed through. that is why they have kind of rebooted, gone back to health care. basically, what the aca, what the ahca did which is ryan's bill for health care is eliminate a trillion dollars over 10 years. david: i know. >> that is a lot. david: i don't want to get into health care for a second, steve, i want to focus on tax reform. republicans have been thinking about this, putting down blueprints for this, last year they came out with terrific idea, putting your tax form on a postcard. it has been said before. they came out with clear eliminations of almost all deductions leaving it down to french of a flat rate, there would be three rates. what happened to ideas like this. we have blueprints. why not enact them. >> david i think we're going to. i remain hopeful stakes are high.
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baseba sean started. basises loaded, no outs. it is time for the republicans to score runs as we promised together. we have both houses of congress and white house f we don't, by the way, would say this, freedom caucus i agree on 90% what they stand for in policy f we don't deliver on this we deserve to lose the house. david: we deserve tax cuts. that is bottom line. giving me the word we have netflix earnings out. ashley webster with details from the newsroom. go ahead, ashley. ashley: david, headline numbers on earnings coming in at 40 cents per share. the estimate was for 37. earnings flat, where it was estimated, $2.64 billion. let's be honest, in the flicks is all about subscribers and they have come up short. domestic subscribers adding 1.42 million sub screeners here in the u.s. estimate was 1 1/2
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million, a miss there. 3.5 million international subscribers were added, that also just falling short. by my calculation total total subscribers here in the u.s. around the world is 98.8 million. they were hoping to hit 100 million or close to it. they do not reach that. there you go, guys. revenue pretty much expected. david: expectations were very high. as a result we see after-hours a big after-hours dip of a about 3 1/2% on netflix. ashley: subscribers, david. david: ashley, thanks. cheryl: to respond to netflix earnings, kim serafin. "in touch weekly" subscribers. we were hoping to see the 100 million psychological mark for subscribers. they missed it, kim, your initial reaction? >> it is interesting because netflix, actually they didn't really have such a buzzy past couple of months. i think what you're looking at, looking ahead what's coming up. really big shows, return of
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"house of cards" is coming back in may. seeing shows like the unbreakable kim my snit coming back in may. "orange is the new black" coming back in june. all of their big buzzedded about shows are coming back and coming up. i think you will see new subscribers. cheryl: kim, here is the concern, investors asking the same questions, if a company is spending $6 billion on content. they want half of their catalog to be their own shows and their own movies. that is expensive, you have to it pay for brad pitt if you want brad pitt on netflix. if they don't have shareholder or subscrif) growth, excuse me, they need to support it, based on projections if you're a number cruncher inside or outside of netflix you can't do that. does that risk them falling prey to amazon, falling prey to hulu? cheryl: right now they are -- >> right now they are still at top of video-on-demand subscription service ahead of amazon and hulu. you have big names coming to
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netflix. chelsea handler. her show came back. cheryl: they are expensive. these people are expensive. the that is the problem. >> they are. but you know, i'm out here in l.a. every time there is an awards show, every time awards season you hear about netflix, netflix shows. sag awards. stranger things was a big surprise thing. "the crown" won for actors and "orange is the new black" for comedy series. shows actors flock to because they are winning awards and people are watching them. there is a place for actors to go through. people are watching these shows. everyone is us about about netflix. people talk about netflix and chill, look at hashtag, a common name. you say google it, go home and netflix it. cheryl: never discount netflix, never underestimate a company that was four bucks. didn't buy it. kim, thank you very much. could today, would today,
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shoulda on netflix. manhunt underway for the cleveland murder suspect. he murdered someone and post i had it on facebook. another example after major violence problem this social media company yet to solve. what will they do. want to bring in steve and liz. facebook's stock, you and i were looking before the show, up 1 1/2% today, investors shrugging it off but is that a mistake to shrug off the violence that seems to still get on facebook? >> i think it is interesting, remember a month ago mark zuckerberg post ad 6,000 word essay on how he was going to among other things, front increased use of facebook for, by terrorist, by people committing suicide, posting all kinds of inappropriate and sometimes really dangerous material. i think that what happened today is so horrific because you know it will lead to copycats. you will know it will make an
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instant celebrity out of somebody. that is just gold. zuckerberg using strategy using artificial intelligence. they will come under increased pressure to reign in the things shown on facebook. i'm surprised the stock is up. cheryl: journalists, first place i saw isis video, i wished i never watched it was on facebook. they have a problem they can't solve. that video on sunday was up for three hours before facebook pulled it off. i think that is a disgrace. >> i agree. it's a human strategy. it may have market implications for the stock. whether facebook, youtube face as lot of these same issues, both of them, particularly youtube has been very good filtering out explicit material when it comes to sexuality. why can't they use same kind of filters and user reporting when it comes to violence. on youtube the amount of violence a child can access is
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pretty shock. they need to self-police. i don't want government involvement. they need to self-police in the violence area the way they do in adult content. cheryl: to be fair to facebook. they issued a statement. i don'tç want to shortchange this. they said this is horrific crime. we do not allow the content on facebook. we work hard to keep a safe environment on facebook and in touch with law enforcement when there are direct threats to physical safety. facebook did say that. i want to if i have it to our viewers as well. liz, steve, thank you very much. cheryl: appreciate it. david: cracking down on criminals here in the country illegally. what a new report revealing about the security of our borders. cheryl: tax day protests turning violent. we're going to cover that. david: how do we deal with that? vice president pence now in south korea issuing a very strong warning to north korea. don't test president trump. but the rogue nation remains defiant. weighing in moments ago, we'll
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ask former ambassador john bolton for his take coming next. >> the era of strategic patience was a policy that the obama administration enacted to basically wait and see. i think we have now understood that policy is not one that is prudent for the united states. ♪ dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪
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. . hey you've gotta see this. c'mon.
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no. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were just ying? go irish! see that? yes! i'm gonna just go back to doing what i was doing. find your awesome with the xfinity x1 voice remote. cheryl: busy day for president trump today after returning from a long weekend at mar-a-lago for easter as his tensions, as tensions with north korea continue to boil over. the nation launched a failed ballistic missile test but continues to pose a threat to the u.s. adam shapiro from the white house with all the latest.
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adam? reporter: cheryl. vice president pens is in south korea. he was seoul where he issued a new strategic policy, that with north korea the era of strategic patience is now over. that the united states will stand by its ally, south korea. that the relationship is ironclad and immutable. this is tough talk from an administration which is standing up to the north korean dictator. as you mentioned there was a failed missile launch from north korea this weekend. it was part of the q&a with the press briefing with shawn spicer. >> you referred to missile launch unsuccessful military attack that contributes what white house officials say. >> it was unsuccessful lawn? >> that you misspoke in "fox & friends" interview? there is no evidence -- >> no, it was unsuccessful missile launch.
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reporter: north koreans in addition to that failed missile launch staged a military parade as part of a -- there is concerns that north koreans will go on with the ses, a sixth, of a nuclear device. press secretary sean spicer talked about the vice president's trip to the north korea and mr. spicer said even in these troubled times the u.s. stands with the south koreans for a free and secure future. back to you. david: all right. adam, thank you very much. here now is ambassador john bolton, former you know ambassador to the united nations -- can u.s. ambassador. ambassador bolton i know you don't have any insighsight on this, perhaps your thoughts, could it have been possible we were part of a reason why that missile launch failed in north korea? >> well it's possible. i don't think that the north korean missile test apparatus is linked into the worldwide web. if there was an effort at cyberm
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something we've got or the south koreans have inside of north korea. rockets can fail on their own too. who knows. david: yeah. >> at this point. david: the key, i think most people were concerned about over the weekend whether or not they would have another nuclear test. they didn't. that might or might not have been because of pressure from china but if they do over the next couple of days, how should we respond? >> well, look, we have it from the commander of u.s. forces and south korea, from commander of the strategic command, all kinds of sources that north korea is very close to the point where they can minute at that rise a nuclear device, put it on intercontinental ballistic missile in the united states. that is eight years of obama doing nothing brought us to. that is why this is so serious. each new test, ballistic or nuclear, is so serious. why the pressure president trump
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is supplying to china is also sew significant. david: why you're hearing such a different tone from a u.s. administration about north korea. not that we've been chummy with them over the years, we've been much nicer to them, if you will, than what vice president pence is now saying in south korea. let's play a little sound bite of that, get your impression. >> over the past 18 months north korea conductetwo unlawful nuclear tests and a unprecedented number of ballistic missile tests. even conducting a failed missile launch as i traveled here for this visit. the era of strategic patience is over. david: now, ambassador, that era of strategic patience, fancy phrase he uses echoes back not only through obama but one could say through a republican administration and before that to the clinton era, right? >> yeah. look, the united states has tried for 25 plus years diplomatically to talk north korea out of its nuclear weapons program.
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we tried coercion through economic sanctions. it's all failed. it all failed because north korea is never voluntarily going to give up its nuclear weapons program. it is their ace in the hole. it is their insurance policy. i think as time has gone on, their nuclear devices gotten more sophisticated. their ballistic missiles have longer range and better guidance systems, the threat getting more and more acute. that's why we're today in a very, very tough situation with few good options. david: closer to home, turkey's president narrowly winning a controversial referendum over the weekend that will greatly expand his power. ambassador, erdogan, the prime minister of turkey, has been a lot too chummy for my wishes with radical extremists. some people even suggest he was friendly to the founders of isis when baghdadi left iraq. some people say he gave him sanctuary in turkey.
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then he turned back and went to iraq. how do you deal with this? the fact this guy will be with us for a long time according to this referendum? >> look it is a very serious problem for nato. we had relied on turkey through the cold wars, as an eastern anchor. he has also gotten friendly with putin. that's disturbed us. the opponents of this referendum and power it has given to erdogan dispute the legitimacy of the outcome. it is worth remembering when he was mayor of istanbul erdogan once side, democracy is like a streetcar. you ride it to the stop you want and get off. in turkey today he is getting off. that is a big problem for us. ambassador john bolton, great to see you. thank you for being here. >> thank you, david. cheryl: president trump's 100 day mark quickly approaching. how do americans think the commander-in-chief is holding up with campaign promises? >> united airlines facing yet another tough week as the company's problems appearing to get work.
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>> the way united airlines handled this was absolutely absurd. my fiance was in tears. i was pleading with them. they were snickering and laughing about it. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance.
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david: might think with all the trouble united has had they would be doing poorly in the first quarter results but not so. lori rothman on floor of the new york stock exchange for us. lori, looks good for united, at least for the moment. >> so here's the thing, david. i may be premature in suggesting this, the worst for united may be bind it. look at the after-hourshares. this is the fifth consecutive quarter united continental beat wall street estimates. shares up 3/4 of 1% this is the breaking news. ceo of united continental oscar munoz came out with a statement stating full responsibility for at o'hare airport. we need to do a much better job serving our customers. the incident that took place
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aboard flight 3411 has been a humbling experience and i take full responsibility. that is from oscar munoz, the chief executive officer of united airlines. i will give you the numbers. beat top and bottom line, 41 cents per share on 38 cents expectations. 8.4 billion in revenue. that is 2.7% revenue increase. this despite higher fuel costs. had a lot of challenges, not to mention the pr disaster last week. boosting capacity by 2 1/2 to 3 1/2%. street was looking for capacity increase of 4%. we'll see if that weighs on it going forward. don't forget the timing of the incident and corporate structural changes they made as a result will really sort of take an impact into the current quarter where we are right now. so the next quarter for united continental may be more telling. david: pushed beyond this crisis, this pr crisis, it will be one for the textbooks. thanks, lori. cheryl? cheryl: united still trying to do damage control.
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bring in bruce turkel, turkel brands ceo. you heard lori, we're showing video of dr. david dao. oscar munoz taking responsibility. is that enough because this has become a a pr nightmare for the company in general? >> it is a pr nightmare. you heard lori say reports tell us on the next quarter. it is what they need to do now. if we could have gone back a week and managed it differently up to this point. i think it is what they need to do now. him saying we take responsibility is the right step. now let's see him prove that they're going to do something about it. cheryl: what about structurally, operationally as the airline functions? i say as former airline attendant for southwest. we all live by manuals. interesting take this problem after the united problems after
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2010 with continental, they adhere to the rules so much. they are a company so large with 80,000 employees that the rules apply, human experience does not apply and that is why this incident went wrong. do you agree with the journal's take on that? >> i do indeed. i love the fact you worked for southwest because one of the things we always noticed was flight attendants, pursers on the announcement adding their own little twist and little touch. i remember a guy saying be careful when you open over head compartments because shift happens. that was hysterical. we're dealing with human beings. cheryl: let me push back, bruce, if the flight crew or a gate agent in this case handling this, if they feel like someone is a threat, obviously they did if it got to the point, i talked to some united attendants last night about this, if we feel someone is threat to us, if they're a problem at the gate, they could be a bigger problem in the air, you could have a
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emergency landing on your hands. they had to i have did fuse the situation. i'm not saying it was right that he was manhandled and injured by police but the airline's perspective, that story, they're not getting that story out there. i'm the one getting that story out there right now, bruce? >> i agree with both those points. point number one, things happen at gates. they have to make decisions. that is not a matter of manuals as you well know. that is matter training. they should not have to make decisions but should know what to do to handle it properly. what you said is more important. they're not getting the message out there, when you're explaining you're losing. per separating is everything. united needs to tell us they are putting the u you back in united. cheryl: they need to communicate it. >> they sure do. cheryl: bruce, thank you very much. david: we have breaking news on netflix. it is pulling back, shares were way lower when the numbers first came out. they were down, 3, 4%, as you can see now. they're down half a percent. still down. company beat on earnings.
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it was in line on revenue. the market was expecting a lot more than this for the first quarter particularly on subscriber additions. which wayne up to what they were expecting. all about expectations. cheryl: "house of cards," "orange is the new black" is coming back. making good on some promises. president trump cracking down on illegal immigrants entering into the u.s. but how is the rest of the agenda faring in the use of the american people? we'll have that coming up next. ♪ cialis for daily use treats ed and the urinary symptoms of bph. why pause a spontaneous ment? tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away
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cheryl: keeping a major campaign promise, president trump creating a newly revitalized i.c.e agency producing 33% more immigration arrests, a number includes both criminal and law-abiding illegal aliens. fox news's adam housley is in los angeles with the details. adam? reporter: these statistics start the day president trump took office, go through mid-march. they are not as high under 2014 unpresident obama when nearly 30,000 illegal immigrants were arrested. according to i.c.e. numbers, 21,000 illegal immigrants were arrested between january 20th and march 13th this year. up 5000 from the same period last year. i.c.e. says nearly three quarters arrested had criminal records. those taken into custody with no criminal record doubled from last year to more than 5000. also i.c.e. detainers or requests to local law enforcement to hold criminal immigrants to take them into custody, that jumped 75% to more
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than 22,000. homeland security secretary john kelly the focus is back on criminal illegal immigrants but there is a different threshold. >> is fair to say the definition of criminal has not changed but where on the spectrum of criminality we operate has changed. reporter: the biggest jumps in the south and southeast with i.c.e. offices in dallas, houston, atlanta, reporting more than 2,000 arrests. stats show the atlanta region, which includes georgia panned carolinas has the most. deportation is down because that process takes longer. immigrant advocates here in california, for that matter around the country in sanctuary cities continue to suggest increase in arrests led to decrease of latinos reporting crimes like sexual assaults for fear they could be targeted for deportation. back to you guys in new york. cheryl: thank you, adam. david: so the president is fulfilling promises on that front. meanwhile fewer americans feel
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the president isn't sticking to many other campaign promises. new "gallup poll" showed 45% of the americans is saying he is keeping his promise, that is down 17 points from february. we have brad woodhouse and noelle nikpour. first to you. certain things, president is making progress. cutting back on regulations. certainly on the foreign front on commander-in-chief, but on the general promise to indrat swamps a lot of his supporters fools he is getting sucked into the beltway mentality, which you say what? >> well i think a little bit of it is growing pains but i think, i really feel like donald trump is about one issue away the polls changing in his favor. donald trump and polls have had a very strange relationship as we know with the election. the polls had him losing and he actual won. so i recognize that these polls
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but i also think that a little bit of there is growing pains. a little bit of this is, we've seen some administration woes. but i think that all in all, with tax, you know, tax restructuring, with other things that he has coming down the pipe, i think that you're going to see that donald trump's poll numbers with favorability will rise back up. david: i think his biggest mistake this, is just my personal opinion, brad, is trying to think that he will get any support from democrats for anything he does. is there any -- i look at, their obstinence. people used to talk about republican obstinence with regard to obama. i see it much stronger from democratic side to donald trump. i don't think he is going to get their help for anything. if i'm wrong, tell me where. >> well, look, i don't really agree with that analysis. barack obama was opposed from the very beginning. only got 3 republican votes entire -- david: tell me where democrats would go with donald trump moving forward, brad.
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>> i'm not convinced they will. i'm not sure he is offering -- david: so you agree with me. >> i'm not sure he is offering a program they're interested in. repealing obamacare you will not get democrats to sign on to. let me talk about broken problem miss, the real problem for donald trump promises he has broken are those that created his political brand. instead of draining the wallp, he is filling it up. he said he would stick it to mexico and make them pay for the wall. we know taxpayers are going to pay for the wall. david: whoa on, wait a minute. you don't know eventually won't be forced to in some way pay a tax that pays for the wall. noelle i want to get to you and this whole idea whether or not the democrats would work with the president. i mean we have, there was a time when ronald reagan was able to get tip o'neill to do some dealing and get a tax reform. there was a time not too long ago when simpson-bowles came out with bipartisan tax plan to lower rates tremendously, get
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rid of a lot of deductions. i don't see that kind of by part seanship anymore. >> no. i'll tell you why not. i'll tell you, party politics has got a lot to do with this. i think given the new chairman of the dnc, and his co-chairman, you know, i think ellison, this, they have already set the tone of what they expect from democrats and that is to hold the line and not work with republicans, and you know, i really feel like this is going to be a damaging to their party, but it also sets the tone of what is going to be looking forward which is they're not going to work. david: i know we have lot more to say. we have to take a break. we'll be back with the panel coming up momentarily. cheryl? cheryl: we have this coming up. bring your safety glasses and work gloves. existing home sales are on the rise. more people choosing flipping. david: that's jeff. cheryl: we're bringing you a
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cheryl: existing home sales at new highs, home flippers more active they have been in decades. developers are moving quickly in the hot market. our hottest guy jeff flock, standing by in chicago with the demo crew. helping them gut houses. this looks like so much fun. you're doing, my dream job. >> it is fund though not my day job. it is good in the tb business to have. mike is developing this. how many units by the way here? >> 14 units. >> 14 units. this market is coming back to the big way. why?
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>> i think that we're far enough away from 2008. people are getting to get more and more confidence in chicago market land, to make the financial decisions to make these investments. reporter: want to show you numbers, if i can, cheryl, watching rehab work. when you gut a building takes a lot of doing. homes for sale, number of them down 13%. so supply is tight. about 20% of the homes sold in less than two weeks. asking price, 21%, let me give this to somebody knows what they are doing by the way. billy, go to town there, if you would. asking price, getting more than asking price. i have the money man here. we have eric from lenovo financial. the money is coming back into this market? >> absolutely. money is coming out in a big will. we're on pace right now for a record year for us as far as money we're putting out to investors like mike.
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>> why now? >> lack of inventorrer to into the market. mike is turning this into really quality apartments but wee have million dollars home as well. reporter: the new construction is a secondary story. look at big homebuilders, kb, beazers, they're doing okay you about it is this kind of stuff that is driving the market. existing buildings being rehabbed. >> absolutely. there is a lot of old buildings that are starting to be turned around because money is still fairly cheap. this is abundant opportunity now. reporter: gotcha. hey, billy? let me try one more time before we get away. oh, yeah. there you go. now we're making progress. good way to -- david: the real jeff flock. that is the real jeff flock. i guess somebody give me a sledgehammer in the studio. he absolutely loves that.
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don't you jeff, you love it. reporter: if it doesn't work out at fbn, you can always be hgtv. david: jeff flock pounding walls in chicago. another violent protest at university of california, berkeley campus. details why these demonstrations are happening again. and just how ugly things have gotten. you don't want to miss this next. ♪
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so call now. remember, medicare supplement plans help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. david: tax demonstrations in berkeley, california, growing into physical confrontations between protesters and, trump supporters were highly-outnumbered. questions why the police remain on the sidelines, not stepping in to stop what was really a violent confrontations in many cases? the president weighing in on the
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protests tweeting quote, someone should look into who paid for the small organized rallies yesterday. the election is over. brad woodhouse and noelle nikpour is back. i was reading one account from a "mother jones" editor. "mother jones" is not conservative outlet. it's a liberal outfit. he confronted cops who were told by their police chief to not step in. >> they need to make a judgment call to step in. certainly if there is violent confrontation going on they should step in. let's be clear, out of all these protests around the country this weekend, only 21 arrests were made. what you saw in berkeley was the exception, not the rule. david: that is the number of arrests were made in berkeley, noel. the thing that concerns me, berkeley has a far left government. the local government is far to the left.
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i'm wondering they said, if protesters who outnumber trump supporters if they want to beat up some trump people that is fine with news conspiracy theory here. david: that is problem when the police are not doing, when the police let thugs do what they want to do. >> all the way around it is bad, ever since trump got elected we're living in a movement culture. very popular these days to join the movement culture. i don't really know if they're that passionate about what their cause is about the tax returns. i think it is absolutely absurd. but i will tell you, i think trump is right. i'm glad he is tweeting about it. because let's look who is really behind the movement and let's see, why the actions, let's question why those actions were not taken. david: brad, i'm wondering if these protests would be anywhere near their size if they were not funded from the outside, what do you think? >> well look, i think these protests -- i've been involved
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in these over the years. these are largely organic. they're volunteers. they are people that are interested. well over half of the, voters in this country, wanted to see donald trump's tax returns. it shouldn't be surprising on a day, getting close to tax filing day, they would come out and make that point. david: quickly noelle, where does all this end? do you think it gets more violent or subsides or what? >> the bottom line, this is about soar losing. they still can not get over the fact that their candidate lost and this is why we're seeing an increase in pop-up in all these organic movements across all these campuses. david: brad, quickly, i know your brother doesn't take the same views you do. what does he think? your brother is more conservative kind of guy. does he think these things will keep going. >> he would agree with noelle, whatever she said. but i think the point here is, president trump, president trump has political issue hire.
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more than half the people want to see his tax returns. they want him to release visitor logs. they want more transparency, not less. he doesn't want people to know what his business is. he is the president. hewe should know what his business is. david: brad, so you have a nice day with your brother i give you last word. sorry, noelle. good to see you both. cheryl? cheryl: sending a strong message to the democratic party. why a book filled with blank pages as skyrocketed to the best-seller coming up next. ♪ because as we live longer... to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future.
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[ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit
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any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. >> a blank book that speaks 1,000 words. reasons to vote for democrats by michael nolls filled with 256 blank pages, and it has skyrocketed to the number one position on amazon. >> president trump touting the book on twitter calling it quote a great book for your reading enjoyment. we should mention, by the way, this is done before. there was another book that
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was called what men think about other than sex. had all blank pages on it. actually sold pretty well. >> well, i tell you what. you never know what's going to work; right? >> risk and reward starts right now. (bleep) (bleep) (bleep). liz: liberal rioters hijack another pro trump rally in berkeley, california. but if you were antitrump and were at the antitrump marches across the country, you saw no riots and no violence. welcome to risk and reward, i'm elizabeth macdonald in for dealer bolton.

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