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Priority; Trump Picks Mattis; Donald Trump Wins Time's Person Of The Year;
Trump To Work With Dreamers; AT&T, Time Warner Merger Hearing Underway,
Remembering Pearl Harbor December 7, 1941 - Part 1>
Webster, Jack Keane>
Shire>
AT&T, Time Warner, Pearl Harbor; War; Hawaii; Hiroshima; Nagasaki; Media;
Foxconn; Meetings; Rahm Emanuel; Andy Puzder; Terry Branstad; Republicans;
Democrats; Immigration>
NEIL CAVUTO, FBN HOST: I wasn't literal when I said that, but whatever, Trish Regan.
TRISH REGAN, FBN HOST: Neil, this is huge! Wow! We're pretty close. People are talking about maybe 20,000 on the Dow by the end of the year, and I'll tell you, we are looking like it might just get there.
Take a look at this, everyone, highs of the session, right now the Dow Jones Industrial Average up 281 points. All of this happening as we get news today from the president-elect turns out there's a company out of Taiwan, makes products for Apple and they want to invest in the United States of America. This comes on the heels of SoftBank saying it wants to put $50 billion into America, creates 50,000 jobs, yesterday.
Trump is meanwhile preparing to sit down for a big summit with the nation tech tie and I got to tell you, right now, the market is very optimistic. And this is why you're seeing this upside.
I'm Trish Regan. Welcome everyone to "The Intelligence Report".
Here we are just one day after the Japanese company SoftBank announced a $50 billion dollar investment in the U.S. along with 50,000 new jobs and we've got a Taiwanese company Foxconn which makes Apple's iPhone and other products saying it would like to expand into the United States.
You know, look, "Wall Street" is liking what it's hearing right now from the president-elect, but you also got to wonder here as he courts companies from Japan and companies from Taiwan, is Trump trying to send a message to China?
He's getting the Japanese to put money here. He's getting the Taiwanese to put money here. What is it all going to mean? We'll going to sort it out. It's all happening just as "TIME" magazine named Donald its Trump the person of the year.
You know, they kind of had to do this don't you think? Maybe they didn't want him but they're going to. We're going to get to all of that in a minute.
But first, as we watch this rally on "Wall Street" right now, we're also watching the lobby there at Trump Tower where the president-elect has a host of meetings today. We've got Blake Burman there with the very latest on the comings and goings. Looks like more appointments are in the works.
BLAKE BURMAN, FOX BUSINESS: Yes, Trish, and this is yet another high- profile Democrat coming here to Trump Tower on this day, that being Rahm Emanuel, you know him as being the one time Chief of Staff to President Obama. He's the current mayor of the city of Chicago. He has come and gone, met with the president-elect. Mr. Emanuel's office saying the reason he was here was to discuss issues pertaining to his city.
We are also awaiting the arrival of Andy Puzder, the fast food chain CEO, he will be meeting with Mr. Trump later today, and his name has been thrown around potentially as being one of the few in talks to be the next Labor Secretary. The Trump folks, Trump transition aides were asked about this morning, they would not go that far to say Mr. Puzder is indeed a candidate, but they certainly talked him up on a phone call earlier today with reporters.
We are also awaiting, Trish, the official announcement for the U.S. ambassador to China, but Trump transition aides say that Terry Branstad, the governor of Iowa, excuse me, all of that meshes together, that he has been offered, he has accepted, and we are awaiting that formal announcement.
By the way Branstad has very close ties with the president of China hence that appointment, Iowa indeed, Trish back to you.
REGAN: Yes, I was trying to help there you but the microphone wasn't open.
BURMAN: I got that.
REGAN: Anyway, you got a lot going on, it's a lot to keep track. I've realized the news just keeps coming in. Blake Burman, thank you so much.
We will keep checking back .
BURMAN: Yup, OK.
REGAN: . with you as things develop there. I want to get to this news that China's Foxconn is going to be bringing manufacturing operations into the U.S. The president-elect making it clear that it is no longer business as usual. And he's pulling no punches, here he is at the "Thank You" rally he had in North Carolina last night. And he's talking about trade and how we need to treat this trade war like war. Watch him.
(BEGIN VIDEO CLIP)
DONALD TRUMP, PRESIDENT-ELECT: We will defeat the enemy on jobs, and we will defend American jobs. We're going to defend American jobs and we have to look at it almost as a war because that's what's happened to us, that's what happened to our workers.
(END VIDEO CLIP)
REGAN: Wow, all right, he's not messing around. Trump is now taking aim at Silicon Valley. He's summoning some of the biggest names in technology for a technology roundtable right here in New York City next week. It is a group that, you know, except for Peter Thiel, has not been very supportive of the president-elect. So, will he read them the riot act or is he going to cut them slack?
Joining me Trump Economic Adviser, Steve Moore, along with University of Maryland Business Professor, Peter Morici. Good to have you guys here on the day .
UNIDENTIFIED MALE: Hi Trish!
REGAN: . when the market continuing to move higher, of course, that's happening like every day now, but this is a pretty significant game right now off the highs of the session, but nonetheless up 250.
Peter let me start with you, Trump is saying, look, we need to treat this stuff seriously, we need to look at this as war, we need to defeat the enemy, the enemy which happens to continuing to be taking our jobs, do you think he's right?
PETER MORICI, UNIVERSITY OF MARYLAND BUSINESS PROF.: It's about time, that's all I have to say about that. I have been calling it a trade war for years. It's about time we started shooting back. You know, if you have a choice, if you're assembling iPhones for both the Chinese and the American markets, which are comparable in size and you put it here, the Chinese government let's you know they're very unhappy.
Well, it's about time the president of the United States says we don't particularly like our companies being bullied into locating over there, but he's going to create a suitable environment. He's going to get corporate taxes down, get the regulations roll back.
REGAN: You know, that's the case, right, because you cant -- look, you can't just say to companies there's no way we're going to allow you, I mean if you make it all sticks no carrots, don't you want to be creating the best environment? Don't you want Steve Moore, for everybody to want to be here?
STEVE MOORE, TRUMP ECONOMIC ADVISER: Of course, it's -- I put it little differently than Peter, you know, and Donald Trump in terms of this war analogy. I think it's all about competitiveness and it's something that, frankly, nobody in this town in Washington is taking seriously for 10 years. How do we make every American business, how do we make our policies more competitive? So we can .
REGAN: Well, he gets that, right? I mean and, by the way, we'll point out you're one of his economic advisers .
MOORE: Yeah.
REGAN: . you clearly get it. In your discussions with him .
MOORE: Right.
REGAN: . and it certainly seems from everything we've heard him put forth in the ways of policies that he wants to in act, he gets it.
MOORE: Yes. And here's the point, if you look at what happened in the Reagan years, when started the, you know, turn the dials from anti-growth to growth and got the policies right. What happened in the world economy? Peter knows this. We started sucking capital from the rest of the world. We got a net import about a trillion dollars of capital, with powered that expansion 80s and into the 90s. What I'm saying is, we're starting to see that already, are we Trish, with this -- this money is starting to come in to the United States where it was leaving before.
REGAN: Hey, what do you think -- I made this point early, what do you think China thinks of this, Peter, right now? Because you got Taiwan, a Taiwanese company looking to invest here, you get a Japanese company investing here. I mean, you know, I know that Steve is very much, you know, the pie can keep growing for everyone, but the reality is the pie is this, you know, so big right now. We want it to grow for everyone in the long run, but in the here and now, we want that investment, and we're getting it, and potentially China isn't.
MORICI: Isn't, well, I think it if we had more balanced trade with China then both economies could grow together. But the Chinese see this as a zero-sum game. That every time we gain, they lose. And that's very silly. My feeling is that, this is the beginning of bringing China to heel. First we have to show them that we're tough and we're serious and we're going to take the kinds of actions necessary to be competitive, to do the things that Steve described. But then, they have to change .
MOORE: Right.
MORICI: . and that's the ultimate message that the president -- new president's U.S. trade representative has to bring to China.
REGAN: OK, let me ask but another thing.
MOORE: Yeah.
REGAN: Speaking with financial, you know, financial topics, economic topics, do you get Trump basically going after Boeing yesterday saying this is crazy, I mean, the kind of money that we are spending, you know, to create this new Air Force One, he said it's $4 billion, we need to cancel the contract. He did elaborate a little bit last night. It looks like he's having some discussions with the CEO of Boeing. Watch him here.
(BEGIN VIDEO CLIP)
TRUMP: I spoke to a very good man yesterday, the head of Boeing, terrific guy, and we're going to work it out. But do you know that's what I'm here for; I'm going to negotiate prices.
(END VIDEO CLIP)
REGAN: All right, in other words, he wants to get a deal when it comes to the plane, Steve!
MOORE: Right, look, I mean it's -- I actually --totally applaud this because I've been in the town for 25 years, I worked on the federal budget. One of the big drivers of the budget is cost overruns where these federal contractors bilk the taxpayers for billions and sometimes tens of billions of dollars of overcharges .
REGAN: And that's going to end?
REGAN: . and, you know, Donald Trump is a businessman, and he's going to say no, we're not going to pay it! You're going to pay -- you're going do this for what you said you did, and I think it's great. We can't keep doing this, we got a trillion dollar deficit every year, for goodness sake
REGAN: You know, it's great to see the president of the United States saying enough is enough .
MOORE: Exactly.
REGAN: . when it comes to some of this crazy spending.
MORICI: Yeah, no more Uncle sucker.
REGAN: Here we go.
MOORE: You did good one.
REGAN: All right guys, thanks so much. Everyone I will get back .
MOORE: OK.
REGAN: . the market for a second, here we are up 260 points, pretty much every sector in S&P higher right now.
You know, you get Donald Trump heading into office and there were a lot of people obviously worried about what his presidency would mean? I got to tell you, obviously, the markets like it. It's good for business, lower taxes, less regulation, that is a recipe for success, any econ101 textbook is going to tell you that. And here you go we have 254.
You also have the Fed meeting next week, and it looks like by most indications they will raise rates by a quarter of a point, finally.
All right, meanwhile on Capitol Hill it's all about repealing ObamaCare, Senate Republicans vowing to make it a priority when Donald Trump takes office.
(BEGIN VIDEO CLIP)
SEN. MITCH MCCONNELL, (R-KY) MAJORITY LEADER: What we intend to do is to go forward with a process after the first of the year that will begin the opportunity to repeal and replace. And, so that will start shortly after we reconvene after swearing our new members.
(END VIDEO CLIP)
REGAN: However, Democrats are making it clear that they are not going to go down here without a fight, watch.
(BEGIN VIDEO CLIP)
SEN. CHUCK SCHUMER, (D-NY) INCOMING MINORITY LEADER: Mitch Mcconnell said they want to repeal, start repealing of ObamaCare, the first week, ACA, bring it on! They don't know what to do. They don't know how long. They don't want -- they know they can't just repeal it.
(END VIDEO CLIP)
REGAN: Joining me right now is a member of the Senate Republican Leadership, the third ranking Republican in the Senate we have Sen. John Thune of South Dakota here. Senator, good to see you!
SEN. JOHN THUNE, (R-SD) REPUBLICAN CONFERENCE, CHAIRMAN: Good afternoon Trish.
REGAN: So, I'd like you to respond to Chuck Schumer there who says you guys just don't know what to do. What do you say to that?
THUNE: Well, I think they're a little sore about it. They lost a lot of elections over ObamaCare. But the fact of the matter is they know -- everybody knows it's not working, something has to be done. This has been a train wreck from the beginning and the American people know it which is why they came out in such big numbers in November.
But if you look at the actual impact of ObamaCare, Trish, you got higher deductibles, higher co-pays, higher premiums and fewer choices, and that's what Americans are facing today. And so Democrats acknowledge something has to be done, they don't want to vote to repeal it because they have a lot invested in passing it in the first place, but you can't help it .
REGAN: And they don't have to, right? If you guys can repeal it on your own, so you're going to repeal it. How long then is it going to take to actually replace it with something? Because you run the risk, right, if you repeal like you got people that may not have health insurance at all. I mean you don't want to be in that spot.
THUNE: Right, well, it took thousands of pages to pass it, it took thousands and thousands more of regulations to implement it. And it took a lot of time, and so, obviously, it's not going to happen overnight. But we're going to allow for a reasonable transition, a phase in period to make sure that people are not harmed. We want to repair the damage that's been done, the families and businesses as a result to the passage of ObamaCare. Starts with repealing it, and then we have to go in a step-by-step way and replace it with something that works a lot better.
REGAN: Can you give me any kind of time frame at all? I mean some people are saying six months, some people are saying three years, what's realistic?
THUNE: Well, I think sooner the better. But, I think in terms of the way that this could get structured, it still being debated whether it's a year, two years, three years. But I think it's going to be a transition.
REGAN: OK.
THUNE: I mean, we don't want anybody to be harmed by any of changes that are made but we know that changes have to be made because this is unsustainable in this current form.
REGAN: Let me ask you, Donald Trump, in some ways that he -- you know, he says one thing and then he'll say something different, you know, let me -- I say this only because he is the ultimate capitalist, however he's making the point here on drug prices to "TIME" magazine that he wants to bring them down. He says, "I'm going to bring down drug prices. I don't like what's happened with drug prices." What do you anticipate from him on that front?
THUNE: Well, there are a number of things you could do. I mean in getting the generics on the market more quickly. There' been a discussion over the years about allowing the reimportation of pharmaceuticals from other countries in the world where they can be manufactured at a lower price. There are a lot of ways. I think you can create more competition, but ultimately anything for any price to come down in any market, you need more competition. And so, if we get more competition out there in the pharmaceutical market, you'll see that reflected in the prices.
REGAN: There you go, bingo, right. That -- I hear you. That makes a lot of sense. And then while I have you here, your thoughts on who should be Secretary of State? We hear a lot of names these days.
THUNES: There are a lot of names, and I don't want at this point want to express a preference, but I know they're moving, it sounds like fairly quickly to get a nominee in place. And we'll look forwarding to processing him as expeditiously as possible, when that happens.
REGAN: All right, well, Sen. Thune, thank you so much, good to see you here today.
THUNE: Thanks, Trish.
REGAN: All right again back to the markets. We are looking at a big rally here just off the highs of the session, but, wow, up 261 points. A lot o people are talking about Dow 20,000 by the end of the year, and, you know, you're pretty close there within less than 500 point striking distance.
Let me turn right now to Gen. James Mattis, who is getting a warm reception at Donald Trump's "Thank You" rally in North Carolina anyway last night.
Trump says he's going to make America safe again and this guy is going to be a big part of it. All of this as, you know, he indicates he's really going to be very different in terms of our approach to terrorism. It's going to be extremely different from Obama's. We've got all the Intel on it here as we continue to watch this big rally. See you here in two.
(BEGIN VIDEO CLIP)
TRUMP: Our brave men and women are the first in line defense, defense against radical Islamic terrorism, words that some people don't like to say.
(END VIDEO CLIP)
(COMMERCIAL BREAK)
(BEGIN VIDEO CLIP)
TRUMP: Under his leadership such an important position, we will rebuild our military and alliances, destroy terrorists, face our enemies head-on, and make America safe again.
(END VIDEO CLIP)
REGAN: President-Elect Donald Trump making it official, picking retired marine general, James Mattis, to be his Defense Secretary. Donald Trump making it clear that our approach to National Security will be very different now than anything that we saw under President Obama.
And, you know, general is no shrinking violet if you know anything about him, right? His nickname is "mad dog" and he got it after making some comments like this, "It's quite fun to shoot them you know, it's a hell of the hoot, it's fun to shot some people." Or, "Be polite, be professional, but have a plan to kill everyone you meet." And those are the ones we can see on TV.
Anyway, joining me right now, Taya Kyle, she is the widow of American sniper Chris Kyle who has a navy seal served with Mattis's marines in Iraq. Good to have you here. Thank you so much.
TAYA KYLE, AMERICAN SNIPER WIFE & FOX CONTRIBUTOR: Yeah. Thank you.
REGAN: So, what's your reaction to this? You think this is who we need?
KYLE: Well, I do, because the bottom line is even though his language sound severe, that just go to show that he has been boots on the ground. And people forget the enemy that they are fighting over there, these are people that put their children and their women on the front line, they're people that did think outside the Geneva Convention and people that acted in ways that were savage.
So, I think he has an understanding that way of maybe troop mentality. I think he also knows the real threat against us instead of some philosophical or theoretical ideology that he needs to work with. So, he's going to cut to the chase and I think that's what he's known for and that what troops really need to keep them safe.
REGAN: You know, when you think about the threat and gun system right now, it seems to be ISIS is the biggest threat that we are facing as a nation, as a civilization, you know, what do you think that he gets about that, I mean other than, you know, boots on the ground, et cetera, in terms of his willingness to really engage in a way that we have not really, in many, many years seen?
KYLE: That's a good question. I think, you know, there are things like the art of war, Sun Tzu, is widely accepted as, you know, the ideology that you need to have to win a battle or win a fight or war, and that's to know your enemy. And I think that's the big thing that maybe has been missing from this administration for a long time. There are a lot of theoretical conversations going on about what we should call them or how we should deal with them, how we should interact with peaceful Muslims, that's all important, but really the war on terrorists with terrorists. And you have to know how terrorist think, how they act, how they strategies, and what they're going to do to attack America, and I think Mattis knows those things.
REGAN: You know, and your husband certainly, you know, being on the front line some self faced that on a regular basis. And, being in the military I think it's really, you know, you're in a do or die situation .
KYLE: Right.
REGAN: . on a regular basis in a way that, you know, as an academic who's theorizing about .
KYLE: Right.
REGAN: . that can't possibly understand or frankly relate to it all.
KYLE: No, I don't think we could have imagined the way that this war is going. I don't think we could have imagined the terror that even the civilians in Iraq and Afghanistan were experiencing, you know, amongst the terrorists on their land. I don't think people do unless they went over there to see that we really were fighting for the civilians. Sometimes people thought we were fighting Iraq, we weren't. We were fighting terrorists and their savage behavior and the civilians even needed our help against the terrorists over there.
REGAN: Well it sounds, Taya, like things are going to be really different now.
KYLE: I think they ought to be. I mean, honestly, I think that the Secretary of Defense shouldn't be focusing on social issues like they have been in the last four to eight years. I think they ought to be focusing on their primary job which is to look at tactics, resourcing, procedures, techniques and Mattis knows that better than most.
REGAN: Taya, so good to have you here. Thank you very much.
KYLE: Thanks.
REGAN: OK. Coming up everyone, the media taking their outrage over Donald Trump's victory to a whole another level today, because, you know, apparently, Donald Trump is responsible for everything that goes wrong in people's lives? Is the media breathlessly reporting on such important matters as, why Donald Trump is responsible for one woman's lousy dating life? I mean, you can't make this up, I read this article and I thought you got to be kidding me! And another journalist's battle with psoriasis, oh my goodness. Howie Kurtz, he's here. He's going to explain, I mean, you got to admit this is getting downright funny. See you right back here.
(COMMERCIAL BREAK)
REGAN: Check out these markets, up 270 point right now there on the Dow. We've been really this steam rolling higher here in the last 20 minutes, 19,516 is the level. Lots of people talking about Dow 20,000, it may happen before year end. Telecom, industrials, energy, they are all up right now everyone, lots of green on your screen.
All right, "TIME" magazine naming Donald Trump their 2016 person of the year, beating out Hillary Clinton, Vladimir Putin, and Beyonce. The editor says it actually the easiest choice they've ever had, though I'm betting they probably didn't really want to have to put him on, right?
Joining me right now, the host of "Media Buzz" on Fox News, Howie Kurtz. Hey, Howie!
HOWIE KURTZ "MEDIA BUZZ" HOST: Hi there!
REGAN: You know, I couldn't help but notice that the magazine refers to Trump as the president "Divided States of America". Do we have the cover, we'll show the viewers here. Divided States of America, are they trying to throw a little bit shade there on?
KURTZ: I think "TIMES" are there's -- concluded according to the magazine's own rules, and of course, Donald Trump was the person of the year in terms of who has the most impact on the world in 2016. But, not that happy about it so the headline kind of snarky gives the sense that, you know, wink, wink, we get it, we got to put him on the cover but it's not like all of America is celebrating says "TIME".
REGAN: Howie, let me take it to step further and, you know, maybe people out there in the social media land are just reading too much into this one, but they also may have a point. I mean, I didn't see this at first, let's look at the cover again. And people on social media right now are noticing the way the magazine placed the M behind Donald Trump's head. Again, I didn't see this but once it was pointed out to me, I took a look and, OK, yes, I get, it looks as though that, you know, he has got some devil ears there! Do you think that anyone at "TIME" maybe might have had a hand on that? Could this have been deliberate or, you know, a social media just going nuts over nothing?
KURTZ: That's a devilish theory, I'll give "TIME" magazine the benefit of the doubt. But, you know, people on social media who don't like Trump are saying, well, you know, guess who else was the person of the year? Stalin and people like that because, again, it's not that the magazine is endorsing Donald Trump as a great American, they're saying he had the most impact on the world. And .
REGAN: Sure he did.
KURTZ: . you know, there's no question about that. There was no other choice.
REGAN: Yeah. Well, Hillary Clinton did come in as runner-up, right?
KURTZ: That's getting familiar.
REGAN: All right. Let me turn to you a recent article. I guess I was telling the viewers about this as we went to commercial break. There's this article in the "Washington Post," and I going to say this is total insanity, I read this thing. And it's a woman talking about how basically Donald Trump has ruin her shot at marriage, at her love life. It's Trump's fault because she got so depressed after he won that her whole relationship just fell apart. Your thoughts?
KURTZ: She didn't have a relationship. This is a single mom, Stephanie Lamb of Missoula, Montana. She was dating to find a partner who was made a six dates of weeks, but once Trump felt -- won the election, I felt sick to my stomach, I wanted to gather my children to bed and cling them to me and she went to one of the potential boyfriends and said I can't, I just can't, I lost this desire to attempt the courtship phase. Now, you know .
REGAN: And she blames Trump.
KURTZ: There is - I mean, our hearts go out to Stephanie Lamb, but there's a serious point was that all these pieces now about, how do we discuss the election with our children? How to get along at Thanksgiving with your crazy relatives who might have voted for Trump? And now, pieces like this, it's almost like the media are validating these people who are whining, I mean, it's fine to be a totally oppose to Donald Trump, but if you didn't support him as president but to blame him for the fact that you are not dating seems just a tad over the top.
REGAN: Yeah, a little ludicrous, but, you know what I'm going to tell her, cheer up, the Dow is at a lifetime high, check it out.
KURTZ: Nice segway.