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tv   After the Bell  FOX Business  April 12, 2018 4:00pm-5:00pm EDT

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liz: with the closing bell ringing trite now, we lost 101 points. nasdaq seeing a nice gain of 74. [closing bell rings] that will do it for the "claman countdown." it is friday. join us. see you then. >> what a rally we got going on. melissa: big day. david: president trump announces he might actually reopen a trade agreement in asia. melissa: "art of the deal." david: putting worries about a trade war back under the rug for now. the dow up 293. might be over 300 as it settles. s&p 500 and nasdaq joining rally as well. big day on wall street. i'm david asman. glad you could join us. melissa: i'm melissa francis. this is "after the bell." we have more on the big market movers. here is what happening is in this hour ahead. a big victory lap for your big beautiful tax cut. president trump touting the benefits of tax reform at the white house this afternoon. the president's new message for american workers.
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plus we're awaiting president's decision on military action in syria. defense secretary james mattis says all options remain on the table as president trump's big for secretary of state, mike pompeo is being grilled on capitol hill. we'll reveal the bombshell announcement that could change the entire equation of a potential u.s. strike in syria and might have slipped passed you unnoticed. you have to stay and listen to this one. among our guests this hour, retired four-star general jack keane, republican congresswoman diane black who attended president's tax event, charlie hurt from the washington times and guy benson from townhall.com. david: what a great lineup. the dow surging as president trump signals he is opening to reentering the trans-pacific is partnership. phil flynn, price futures, fox business contributor is watching action in oil and gold from the cme. nicole petallides on the floor of nyse. markets love that trade talk
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today. >> they do. check out all the green on the screen. intel, boeing, dupont. dupont you can see goldman were among the best performers on the dow. the dow gaining 293 points. we're off the 400 point gain but still a winning day on wall street. our third up day in four. this is winning week as well. we've seen some sectors with up arrows as you noted right at the top of the show. we had stocks hit the high right after president trump was asking his advisors to study joining tpp rallying after saying the nafta deal was pretty close. all those worries about geopolitical headlines from syria to russia to china to trade wars, those are off the table today. taking a look for the week, we see both dow and s&p up 2.3% this week. tech-heavy nasdaq up more than 3% for the week. all about bank earnings tomorrow. netflix on monday. this is what we'll key in on. you can see all moved higher. citigroup up 2.3%.
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jpmorgan up more than 2%. what will we hear? are banks doing well with volatility? not necessarily. so we'll see, i read through many research reports. some said yes. some said no. is it geopolitical worries weigh on the group or do he have this room to run on the upside? we'll keep a keen eye. melissa: thanks, nicole. phil, oil climbing higher after hitting a three-year high. you heard nicole ask you about gold as well. you better hit them both. >> i love when she asks me about gold, tell you what. oil did hit the three-year high obviously on concerns about syrian strike. after president trump gave the tweet, we saw prices came back down. hey, we might be coming, we might not be coming. oil traders went down. oil trade went up at the end of the day because concerns are still out there. and oil traders like that trade talk as well. more trade is good for oil demand. that was up. we had a report of a spill that
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was in the mississippi that could close the mississippi. we'll follow up on the story. if you look at the chart, melissa, it has been in a very tight trading range. all of sudden yesterday oil was up 20 bucks today. it is down 20 bucks today. we're waiting for something to happen. that news could come very quickly. david: trade talk heating up. president trump considering reentering the trans-pacific trade partnership which you pulled out of last year. this would be a major move bit commander-in-chief. let's go to blake burman. what a change, blake. reporter: this came out of no where. there was a meeting here at the white house with president and republican lawmakers with states with heavy agricultural presence. the meeting was supposed to be about the on going trade spat between u.s. and china issues there, how those representatives
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could have the issues alleviated. all of sudden afterwards, ben sasse, republican senator from nebraska came out and said here's the headline, as he put it. the president has instructed bob lighthizer his top trade negotiator and advisor, larry kudlow, top economic advisor to go forward to try to potentially reenter negotiations as it relates to tpp sasse said that kudlow or the president looked right at kudlow and said, larry, get it done. as you know though, the complication with that the president pulled out of the negotiations in the very first week he was in office here at the white house, and the 11 nations, the 11 other nations who are involved with it. of p -- with tppp have moved forward. how realistic that the u.s. could potentially jump back into these negotiations. david. david: you better believe they will do it. let's bring in today's panel. scott martin, kingsview asset
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management. fox news contributor. carol roth. economist tim cane, gop congressional candidate in ohio. first to you. tim. a lot going on has a lot to do with larry kudlow announced last week the united states rather than going it alone against the whole world in terms of trade tariffs and stuff we'll do partnerships. we'll partner with the world trade organization against china and now, we may partner with a trans-pacific partnership against perhaps china. it is instead of the u.s. against the world, it is the world against china. i think that is the direction they're going. what do you think? >> it couldn't be better this is a great day. my friend mike pompeo had hearings to be secretary of state. it wasn't in his purview before to talk about economic issues but now as the nation's potential chief diplomat and a man close to the president i tip my hand to mike pompeo.
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larry kudlow is great news. this is exactly right. free trade republican, that is who we are. david: why didn't he pick larry kudlow a year ago? >> i think the "art of the deal" had something to do with exhausting everybody and getting to the right answer but maybe that is part of the reason. listen, larry always said free free-market capitalism is the best path to prosperity. most of here agree with that. i like moving away from tough talk and protectionism but at the end of the day expanding the pie is what is good for america. david: it is not license on free trade, scott. it is free trade as long as the other side is genuine in convictions they're trading freely and they're not involved in stealing our intellectual property or preventing our goods entering their country. larry made it clear about that. >> that is true, david. we have seen these trade deals
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over the years matriculate that. seeing trump down with tpp is a good thing. look at market performance. we've seen the market get in a worrisome situation as carol said, about protectionist policies and tariffs and trade wars that takes uncertainty off the table and gives the s&p a little more room to run. david: before we sigh with a big smile on our face, we have to think about what is happening in the mid-east. we're being drawn into conflict there. a lot of people say it is inevitable something will happen soon. when it does is the market going to take another dive? >> let's think about this. this notion of trade with allies has a great history going back to the marshall plan. we didn't try to trade with everyone. we knew who our rivals were but we were trying to strengthen the allies. that is missing in the middle east region. we need to build up turkey, jordan israel.
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thinking about israel, you have to bring the economic strategy in. this alliance with larry kudlow and mike pompeo couldn't be better. david: greatnal systems. melissa: that is a good point. president trump taking a victory lap on tax cuts ahead of the filing deadline next week for income taxes. listen to this. >> married couples won't pay a dime on income tax on first 24 how dollars of income. a typical pham family of four eg $75,000 a year will see their tax bill slashed in half. nobody thought they would ever see that. i have a lot more money to spend. melissa: so, scott, this is it. time to file taxes. time to see what the president sy really brought you or didn't. do you think folks will see the payout? >> they are and they have, melissa and i think they continue to see that that is one funny thing i'm saying some. left say in last few weeks leading up to the deadline, yeah, everybody got this boost
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and bonus territory end of last year, or maybe more 401(k) dollars at end of the year but that will go away or wane. i don't see it that way. i think this is the start of very good things for the average worker. very good things for future tax returns for many of us. i don't see that going away. the left side of the aisle wants to make you think this one-time bounce and i think it will be long term. melissa: tim, now that you have larry kudlow in play, you hear talk about more tax cuts or a second round, 2.0. what would you like to see that include? >> you know what is funny now that i'm running for congress i thought i shouldn't use an accountant. i should do my own taxes. my wife and i were working on it this week, i had to file an extension. it is too complicated. that is what i'm going to work on if i get into congress, we need simplification. frankly this may be radical, guys, i think we all pay the same rate. i think americans should be united, not split into different classes.
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i will fight for a single rate tax. no big deductions for fat cats. let's unify americans again. melissa: that is terrifying hoover institute fellow couldn't do your own taxes. you're supposed to be a math guys. i know that says something about the tax code, not you. i'm teasing. carol it is astonishing to me hearing people talking down money. more money if your pocket is not a good thing. i had is hard to trash money. >> that is all that people care about, particularly in areas not in the new york or west coast, people in the heart of the america they only care about what is happening in their backyard and in their pocketbook. these, quote, unquote meager gains they're getting are very meaningful to people who sometimes don't have things like emergency fund in place. we're seeing more confidence and more spending. the best thing as you visit the accountant, you don't see all the benefits yet. you will see most of that
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benefit next year during taxes. i do believe this is something that is going to continue. we're also going to see this in earnings coming up here over the next couple of days and weeks. i think that is a great thing for the markets as well. melissa: scott, do you think all that is baked into the market so far? do you think there is more room to go in terms of the tax implications? i know there are some other factors out there. you talk about seeing more of it drift into earnings and into personal spending. >> yeah, melissa, i think a lot of that is baked in at least for q1. we saw the market bounce pretty hard in january, that was posttax cut obviously. going forwards you will see the earnings reports as cable initiated, plans for spending, cap-ex out of the companies that bottled up now they're free to invest. that is the future. melissa: scott, tim, thank you so much. david: what a great panel. per risk stuff. putting machine any back in your pocket. melissa was talking about it. new concerns over a blue wave in the midterm elections, have you
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heard that? are the tax cuts the secret sauce that could make fools for pollsters again? we will is congresswoman diane black who tended the president's conference. >> the come firmation hearing for mike pompeo just wrapping up on capitol hill. how will this affect the suspected chemical attack in syria. big news, coming up next. we have retired four-star general jack keane will respond to all of this.
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retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. david: bombshell revelations coming out of mike pompeo secretary of state confirmation hearings. with latest from capitol hill, fox news correspondent rich
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edson. rich. reporter: good afternoon, david. much of this hearing for democrats was to try to push this line that the president of the united states is assembling a war cabinet essentially with the national security advisor, john bolton and with mike pompeo going over from the cia to that of secretary of state. so the cia director fielded an awful lot of questions what he thought about the use of force in the american military. pompeo says as an army veteran he believes that using force should be a last resort. he was also asked about the administration's russia policy. the president, a number of times, showing reluctance to criticize personally russian behavior but he says that the administration has shown that it does push back on russia and he says that will continue. >> i take a back seat to no one with my views of the threat that is presented to america from russia. and if i am confirmed as secretary of state i can assure you this administration will continue as it has for the past 15 months to take real actions
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to push back, to reset the deterrence relationship with respect to russia. reporter: the first questions that the cia director got from democrats had to do with the mueller investigation, whether he agreed with the president's assessment that the mueller investigation was damaging and whether or not the president had asked him specifically to get involved in the mueller investigation. he says the president never asked him to do anything improper. he says, as cia director, he has been involved. >> i have worked diligently myself and i have put demands on the team that works for me to go out of our way to make sure we were delivering for each of those three investigations, and if i'm confirmed at the state department, we'll do it there as well. reporter: there was also a debate on the use of force in syria. he had that with senator rand paul who said the u.s. doesn't have the constitutional authority or the president does just to go to war or attack syria. the cia director says in limited
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capacities he believes the president does have the authority right now given to them from congress under previous administrations also used that existing authority. he also did reveal and did say that the united states killed hundreds of russians in syria in military actions there, something that hasn't been confirmed at least at such a high level of the u.s. government. so from here democrats say, a number of them, senior democrats on the committee say they're unhappy with the cia director's answers on a number of different fronts but the plan is at least from the chairman bob corker they will try to get this out of the committee a week from monday, on to the senate floor from there. david: rich, that last point about hundreds of russians being killed by the u.s. military which hasn't taken place ever in history before, that to me was the bombshell revelation but i think melissa will talk more about it. rich, thank you very much. melissa. melissa: we'll get an official opinion on that. here is retired general jack
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keane. he is a fox news senior strategic analyst. this was the exact quote. a handful of weeks ago russians met their match. a couple hundred russians were killed. this is first time u.s. official publicly confirmed this was part of a u.s. attack on syria. is that a big deal? some people were saying these are mercenary fighters. the russians apparently confirmed they were citizens. what is your take on that? >> well the russians have successfully used hybrid warfare and proxies to move into crimea, to move into the ukraine. this is their new playbook. make no mistake about it, these people are all russian operating for the russian military and that's who representative much this attack this was launched against a coalition base that had u.s. troops on it for the single purpose was to take that base down, kill those americans that were on that base to be sure. we saw them coming.
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we put air power on it. and i have believed from the time it happened that we should have called out russia for that, not just the fact that we killed them but the fact that we can not let them get away with using hybrid proxy forces and pretending they're not russian. that is what they did in crimea and ukraine. this is the first official who has actually called a spade a spade here. and it should have been done weeks ago when the incident took place. melissa: so what is the impact of that now that he said that in open forum? >> i'm glad he said it but i think we should do more about holding them accountable for it. and i would tell the russians in no uncertain terms if you ever attack us in syria again, we will take your airbase down in syria. that is the message that should be conveyed to them. melissa: i mean i guess we don't know that is not what is going on behind the scenes. it is possible that is happening. at the same time we're balancing this against as the president says that he is getting ready to respond to the gas attack.
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a lot of the argument against that is, you're getting in a proxy war with russia. by the logic we just went through that is already, that horse is out of the barn. >> we have no intention of attacking anything russian when we respond to this chemical attack. i do believe this decision is imminent. that is what the meeting is about today. they're discussing the scope of the operation, how much scale are we going to do? how comprehensive is this. then they will talk about the timing of it. our britishes and our french friends are in place as most of u.s. capability. what is in front of the president is the scale of the operations, in other words, the size of it, number of target, et cetera and also the timing of it and i'm sure we have told the russians, every syrian military base in syria is vulnerable. if you're at that base, we are not going to be responsible for
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your russian soldiers or technicians being killed. that is your responsibility. melissa: is there anything you would see something that would stop it at this point given the signals? people say they're deliberating and seems like what they're deliberating as you said is the scope and the tactic. is there anything that you foresee would stop this strength from happening? >> no. i don't know anything that would. we have confirmed that, you know, chemicals were used. we know the syrian military did it because we tracked the helicopter. our allies are in total agreement with us. and they have got the go signal themselves. so i don't see anything stopping this. melissa: you made a very important point, very quickly, there are awacs around the area. so you know exactly which helicopter it was that dropped the chemicals. >> absolutely. melissa: we saw the result on the ground afterward. this idea we need more evidence doesn't wash with you?
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>> no, no, not at all. i do believe at some point investigators should get in there to deal with the victims, et cetera, just as we did after the last incident. but that took weeks later to do that. there is a report on it that confirmed helicopter-borne munitions delivered a nerve agent attack that was a year ago. melissa: we have that already. general, appreciate your insight as always. >> thank you, melissa. david: good discussion. another democratic lawmaker essentially revealing he is out of touch with the american people. we'll tell you who is happily joining nancy pelosi and calling your tax savings, you guessed it, crumbs. much. plus the mueller probe obsession, is it stopping lawmakers from getting things done? charlie hurt, "washington times" opinion editor and fox news contributor sounding off next. ♪ d what?
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>> thank special counsel mueller's investigation is a witch-hunt? >> ma'am, i'm going to not speak about any of the three investigations that i have been a participant in today. >> does the president have the authority to fire special counselor mueller on his own? >> i came here to today to talk about my qualifications to be secretary of state. i will not weigh into the active investigations going on in the house, the senate and special counsel's investigation. >> so in my mind this is really ultimate that we have seen in the democrat obsession with mueller investigation. secretary of state nominee mike pompeo bombarded with questions regarding mueller during his confirmation hearings for secretary of state. joining me now to discuss is charlie hurt, "washington times" opinion editor and fox news contributor. charlie, am i nuts? here's a guy who will be dealing with existential issues like nuclear warfare around international terrorism and the question is, is it okay for the
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president to fire mueller? what's wrong with this conversation? >> if it were not so terrifying it would be comical but it really is, as you say, we're talking about nuclear standoffs around the globe right now. we're talking about terrorists doing everything they can to kill americans and to kill our allies and to have them, the democrats obsess over, continuing to obsess over this russia stuff, the russia probe, really does reveal how unserious they are. david: do they realize, i mean, is there any consciousness inside of the beltway from these people how ridiculous and out of touch they seem? this is a guy, this is the secretary of state. this is not donald trump's personal lawyer who they are talking to. i think most americans are so much smarter than the people inside of the beltway. i just, i can imagine that that won't, at some point seep into their consciousness. maybe i'm hoping too much. >> no, i think these people around here, they're so invested in the idea that they will be
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able to impeach donald trump over some sort of russian collusion fantasy they are completely out of touch. they have no idea how ridiculous they look. it is a real trap for them. as you point out, you have a very serious guy, wanting to talk about very, very serious issues. we have, actually we have republicans doing some too. but it is mostly democrats. you have democrats wanting to pass legislation telling the president who he can not fire. meanwhile, they're refusing to fulfill their own constitutional responsibility to determine he can hire such as secretary of state as we're on the cusp of what could be sort of very drawn-out or very least, a highly-serious military action overseas. david: that is precisely to the point too of this whole, the craziness over, or the ridiculousness of what we saw today. we found out from mike pompeo today, that the u.s. military killed hundreds of russians who
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were in syria. these are former special forces guys working, maybe they were working as contractors but they were russians. now how does that play into the scenario that trump is too close with the russians? >> yeah. exactly. and we're talking about soldiers that are citizens of our greatest global enemy on earth. and, and for these people to not realize and focus on that and seriousness of that, quite frankly the seriousness of getting through these nominations and getting these people confirmed because obviously we need them in place. for them to instead be absorbed -- it is all politics, they think russian collusion thing will help them in election. that is all that they care about. david: at risk of putting too much attention on the mueller investigation i want to talk briefly about this raid of the personal assistant and lawyer of for donald trump. >> yeah. david: and what they did. i mean essentially now
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prosecutors have virtually all the information that this man had about donald trump both his professional and his personal information, and if anybody believes that they're not going to sift through that on some kind of a fishing mission looking for something, somewhere, at some time, that they can pin on donald trump, i think they're out of touch. i don't know what you think. go ahead. >> whether they, will use it to pin it on donald trump in court or just leak it to the press. we know that they're capable of both. david: right. >> we're talking about the most serious constitutional issues that we have ever dealt with in this country. the idea that you would have a sitting president, have his attorney/client privileges, i mean this is a guy who invokes executive privilege in everything, all of his activities, current activities as president. this was exactly the kinds of issues that the founders were very, very wary of, and very, very interested in when they built the system the way they
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did to set up a set of checks and balances. we're running, mueller and democrats in congress, they are running right through all of those roadblocks without any concern about these very, very important issues. and, it is pretty scary if you stop and think about it. david: charlie hurt, couldn't agree with you more. "washington times" opinion editor and on the opinion page ever "the washington times" you will hear views like that you just heard from charlie and many more. great to hear from you. >> thanks, david. melissa: sending troops with a few conditions. california's governor agreeing to send national guardsmen for to the border but at who's agenda. david: is extra money in your pocket due to tax cuts enough to keep red seats from turning blew? representative diane black who was at the president's tax speech is here to respond. ♪
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let's talk about thisd when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. melissa: president trump wrapping up meeting with his national security team to discuss the situation in syria. white house press secretary sarah sanders in a statement saying quote, no final decision has been made. if you assess intelligence and engage with partners and allies. the president will speak with president macron and prime minister may this evening. >> because of our tax cuts you can keep more of your
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hard-earned "money." larry kudlow is happy about that, sitting in the front row. we have a lot more money to spend. we didn't get one democratic vote. that's tough. david: trump selling the benefits of tax cuts and setting up the issue for the november midterm elections. here is now someone who will be running not in, for congress person but for governor of the state of tennessee, representative diane black, a member of the tax-writing house ways and means committee. she attended trump's tax speech earlier today. as i say, she is also running for governor of tennessee. so you will be running in november but not as a member of congress. i sense, i don't sense, let me put it that way the same kind of enthusiasm among those who are running for re-election in congress about tax cuts as the president has. am i wrong? >> i think you are wrong, and i can only speak from what i talk to my colleagues about when i asked them are you hearing something good back in your district? they talk about these very heart-warming stories we heard
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on the stage today. i hear these all over my district. the one that was really so compelling is young lady who started out as a dishwasher in a pizza place. she ended up buying it because of tax cuts, she is now being able to buy a second store. these are stories i hear over and over again in the great state of tennessee. i'm so delighted to know that what we thought was going to happen has really started happening. david: congresswoman, i do not doubt for a moment what you're say something right. i believe people all over the country are recognizing and realizing benefits from the tax cuts, either personally or look at all the jobs opening up around the country. but what concerns me is that not enough people are touting those benefits. i think of rick saccone, special election in pennsylvania, the last three weeks he essentially walked away from the tax cuts as issue to campaign on? >> didn't need to do that because there are some stories out there. you need to pick up some stories to retell them. i'm encouraging people all over tennessee to tell their stories. i'm hearing them everywhere i
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go. i will tell you that we worked on that tax reform, we actually call it tax cuts because that is what it is. david: yeah. >> for seven years. for seven years we worked on that. people don't realize that. there was a little fear, my god, wow, will this do the things we said even though we knew it happened during the time of j-fk and reagan and to hear it makes me feel good about the seven years of hard work. david: to put a fine point on it, you think in the coming elections all the ads that we see from republicans are going to tout tax cuts as a huge benefit to the american people? they will rest their case on the effects of tax cuts? >> i think even better than that. they ought to have the people tell their own story. be in the ad. say thank you to the congressman voted for it. you didn't have any democrats voted for it. they need to be, to let real people that are affected tell the story. that is even better than you telling the story. david: finally, we had somebody
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on from the hoover institution, i am sure you know the great institution. they're very smart people. >> yes. david: he is an economist, yes he couldn't wrap his head around the new tax code for his doing his own taxes. they're due in just a week. the simplification never to the through as part of this tax-cut package. we still have as many brackets we did before. is that what part two will be about? >> it will be about looking at simplification. it will look at permanency as you know, and has been talked about, that the permanency was not there for the individuals. we want to get to that. because that is important to give stability so people will know they can depend upon that there are still some things to do. we shouldn't wait 30 years until we take a look at the tax code to figure out how to make it right for the american people. david: diane black, thank you for being here. good to see you. melissa. >> thanks for having me. melissa: agreeing to take money but not marching orders from president trump.
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california governor jerry brown agreeing to send 400 national guard troops to the u.s. mexico bored but insisted they would not enforce immigration laws and fight drug smuggling and human trafficking. president trump tweeting quote, california governor jerry brown is doing the right thing sending national guard to the border. thank you, jerry, great move for the safety of our country. david: national guard couldn't arrest people. every body has known that. he. melissa: the people are walking across with drugs. walking back, certain it in our own videos. that is what is going on. help with drug smuggling. david: good to get on board. all options remain on the table. president trump huddling with his national security team at the white house on syria. we have details what is happening right now coming next. ♪ eh, it just feels too complicated, you know?
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david: president trump wrapping up a meeting with national security team. no decision has been made at this time. with more what is going on, is edward lawrence. what can you tell us? what is the latest? >> david, the president just wrapped up a meeting with his national security team, that thing, about ten minutes ago, breaking up as dan coates, nikki haley leaving that meeting. u.n. ambassador, and defense secretary jim mattis, again the defense secretary this morning, and white house reiterated today, that they have not made a final decision what to do exactly with syria and not made a decision to strike as of yet. they did release a statement saying that they are assessing the situation, later on tonight the president will meet with talk over the phone with macron of france and theresa may. the president earlier today hedging his bets. listen. >> it is too bad that the world puts us in a position like that but, you know as i said this
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morning, we've done a great job with isis. we have absolutely decimated isis. now we have to make further decisions, so they will be made fairly soon. >> defense secretary there are risks to striking in syria and that could be escalating the conflict because there are iranian and also russian positions in there. so likely the u.s. would avoid those or any civilians. >> there is a tactical concern, ma'am, that innocent people, we don't add any civilian deaths and do everything humanly possible to avoid that. we're trying to stop the murder of innocent people. reporter: mattis says russia has been a roadblock in this situation, that they vetoed allowing u.n. inspectors into syria to see if there is use of chemical whips. mattis says that's shocking. >> some things are simply inexcusable beyond the pale and just not in interest of chemical
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weapons convention but in civilization itself. reporter: house minority leader nancy pelosi says the president needs congressional approval to act in syria. the defense secretary said he would only pledge to let the congress members know if the u.s. decided to act. david: melissa. melissa: deal-maker-in-chief is considering reentering a major trade deal. it took many in washington by surprise but i say it is just "the art of the deal." we'll explain that coming up next.
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reaffirmed in general to all of us and looked at larry kudlow and said, lairky, go get it done. melissa: hmmm, so the president reconsidering his stance on tpp. seems like another case of "the art of the deal," what do you think? guy benson, fox news contributor and townhall.com. this keeps happening my friend. what do you think? >> it does. we talked about it on this show together multiple times. sort of the chaos approach of the presidency where you flood the zone with lots of different ideas, keep people guessing what you might end up doing, the question is, and an open question, is this effective? does it work, when you're president of the united states. it may have benefited trump in the business world, being president is in some cases a different ballgame completely. and his new flirtations with reentering tpp are intriguing. we can't spike the football as a success or jeer this as a failure until we know what the new terms look like. that is the mystery. melissa: when you negotiate a
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deal, obviously i wrote about this in an op-ed in the "wall street journal," we kind of went through and tracked the different places where he has thrown out an idea that reset the negotiations is the idea, something that was so far afield of where the players were that everybody at both ends squawks and sits down and kind of has to start fresh, one place that he did it with was saying we'll leave nato, which feels a lot like this. nato is outdated institution. people looked, he has no sense of history. he has no intellect. he doesn't realize knew onces of foreign policy -- nuances of foreign policy his real gripe no one was paying. lo and behold we didn't lead. that is one case where all the other allies ended up ponying up the money. seems like more likely to work in a trade situation, because that is something most akin to a business deal. that is a common business practice. >> potentially, you will remember, president obama wanted tpp. there was bipartisan support and
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opposition to that. trump campaigned hard against tpp and against hillary clinton on that point. even though we never adopted that trade deal the new president basically effectively pulled us out of it. we were sort of excised. our american portions of that deal were suspended. everything else kept moving forward with the other countries. the question is, hey we want to get back in help our farmers in particular, will the other member countries of that trade deal and compact say, come back in america the water is fine, we'll give you the old deal, previous terms, maybe be willing to negotiate a small point or two to give trump a win. that's possible. melissa: i don't think larry kudlow would accept that i don't think he would say for a second we want our old deal with a few points. i think the point is, it is like, you're going to buy a house or car, you know what, i don't like the terms, forget it. walk, if you come back and sit down. they know that you're out.
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you left. >> right. so they have the leverage. melissa: i don't think so. he said we're considering coming back. here is my guy but we're already out. i think before when they were saying we might leave no one believed that. >> now we are out but the americans are not, we are not in the driver's seat of this negotiation anymore. the world moved on past, beyond the trump administration. now we're saying -- melissa: they don't need our consumers, they don't need our money and don't need our products? >> of course they do. we want their products and trade is good thing virtually for everyone involved but trade wars are bad for everyone involved. of course they would like us to come back in. if the americans come in and trump's negotiators say you have to blow up the entire deal you guys very carefully negotiated because we want all these massively different terms i don't think that is going to fly. is there a middle ground they can reach where everyone saves face and everyone benefits? that's possible f that happens i
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will be thrilled. my bottom line is, we don't know yet. let's see how it plays out. melissa: for sure, absolutely. guy benson, love having you on. i don't want to let you on congratulations on your brand new radio show with marie harf. benson and harf. fox news radio. premiers on may 7th. excited for you both, guy. >> benson and harf.com. melissa: got it. good plug. good for you. >> thank you, melissa. david: good stuff, guy. fighting over crumbs. yet another lawmaker who thinks you don't deserve your own hard-earned cash. get ready to get mad. ♪ this way." i say, "i'll go my own way" with anoro. ♪go your own way
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>> whose getting the most, we're getting crumbs, and by the way, for all of us who have gotten those people might have gotten a thousand dollars in
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your, from as a bonus. remember, that is not free money it's coming with a cost of driving up. david: no congressman it's not free money it's our money, and we deserve it more than bureaucrats inside the beltway like you. melissa: unbelievable here is risk & rewards. liz: news coming in president trump will speak with french president macron and uk prime minister theresa may this evening all free saying they are "confident" syria did use chemical weapons to kill dozens and injure hundreds we are awaiting a white house decision on military action there. stocks rallying, a volatile trading day on reports that the president is now showing flexibility of that big trade with era called tpp. he's reconsidering it hopes for a trade as a way to stop china cheating, and also president trump pushing tax cut benefits for the u.s. economy, but another democrat this time a presidential hopeful he's doubling d

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