neil: that will do it for couple busy hours. the dow down 351 points. i take you to trish regan. trish: indeed. we're live here at the nation's capitol. in just hours president trump will deliver his first state of the union address. he will tout the strength of our economy, the republican tax bill, encouraging lawmakers to work together to pass an america first agenda. a very big day this, is happening as we see a major selloff on wall street. the dow down 344, sitting near the lows of the session. what is fueling this? we'll talk all about it. i'm trish regan, welcome to a special edition of "the intelligence report" live from the nation's capitol. breaking overnight the house intel committee voted to release

a four-page classified memo that allegedly reveals government surveillance abuses. the big question, did the obama administration use this highly salacious and fake russian dossi as as evidence to spy on the trump campaign? cog man doug collins has seen the -- congressman doug collins will join me. i'm joined by white house deputy press secretary hogan gibbly. good to see you. what is going to be the emphasize tonight? >> the president is going to focus on five major areas. we're obviously going to talk about national security and funding the troops. making sure our country is protected. he will talk about immigration. he rolled out a framework of an immigration package that is compromise that actually solves the problem. he will talk about a plan that gets our roads and bridges back safe again for our people. also talking about trade.

as you know, trish, we have a 71 billion-dollar trade deficit with mexico, 17 billion with canada. that canned happen anymore. president wants to put an end to that also economy, something your viewers care about. the strides in a short time with stock market, jobs, wages, absolutely something the president will focus on. we will build on the momentum of the past and focus it on the future. trish: hogan a market off 345, will he address that at all in tonight's speech? >> markets go up and down. there was announcement from major health companies, that is for you and the economic geniuses to decide. i'm not sure if the president will address that overall no one can deny the successes occurred under this president's watch, frankly things like deregulation. you and i know he promised to cut two regulations for everyone

he puts in place. instead he succeeded that, he has cut 22 for everyone. only in washington, d.c., could you say cutting two, adding one is successful but this president far exceeded that. that helped jump-start this economy. trish: there is certainly a victory lap he can take on the economy. unfortunate for him it is such a tough market day. you're right, markets go up and down. now we hope this doesn't continued, down 350 points for the dow. when it comes to infrastructure that seems like one you could get everyone on board with. the democrats have been pushing for years, for decades for more in the way of infrastructure. is something you could hope there is unity instead of division. >> you would think the democrats would be on board for tax cuts for middle-class americans. you would think they were be own

board for the border and daca. i don't know why you would think this would be any different. the democrats will dig in against the president regardless of success. after the campaign, we lost our way because we didn't focus on the middle class of the president comes forth and puts forth middle class tax cut, tax reforms to the tax code for the first time in 30 years, not one democrat voted for it? i don't remember when democrats became so antibusiness but they sure are. trish: not just antibusiness, but as you say, some ways anti-middle class. >> right. trish: that who has gotten squeezed for the last several decade i point out with inwas going nowhere. >> they have been stagnant better part of 30 years. they say the dow, economy doesn't affect the middle class. 55 million people have 401(k). 35 million have pension plans and 25 million have iras. it affects everybody. i have a friend in south carolina who has a family farm. he was able to use money from his ira to put the down payment

on a truck that he desperately needs that is real american people, from middle american help. trish: absolutely. too bad we're off 346 on a stay like today. hogan gidley, good to see you. we'll be watching very carefully tonight. i want to get back to this market now because we have stocks trading off sharply as investors get increasingly concerned higher interest rates, could maybe, in their view or the bull market maybe taking a little money off the table. the health care sector is among some of the biggest losers we're watching. amazon, jpmorgan, berkshire hathaway are teaming up to create a non-profit company aims to improve health care for their employees. joining me "bullseye brief" author publisher adam johnson, with bell point chief strategist, david nelson. you guys both have been extremely bullish on this market. you know what? you've been right. does today change anything for you adam. >> no it does not, trish.

we had the best start to a year in january since 1989. that is incredibly powerful. you see a little bit of a give back today. you can't go up every day. we're up 18 out of 21 days. that is almost impossible to sustain. we're taking a little breather, trish, that is all it is. i have a little stat for you. 1990 at least a third of stocks making new ice, it is 41%, if you look out 12 months you find the market is typically up another 15%. this is a little pullback along the way. have the shopping list out, buy some more. trish: buying opportunity for you. talk about what is going on in the bond market here. what it is suggesting it will get more expensive for us to borrow money, david. how expense is is that for the economy overall. >> it doesn't hurt too much at all. if it heads up too fast, obviously that is a problem. a trifecta of events are rocking

market. we haven't mentioned apple. iphone estimates ratcheted back by 50%. from 40 million down to 20 million. that is a pretty big cut. the health care package that you just mentioned, news coming out of amazon, jpmorgan, and of course -- trish: berkshire hathaway. >> berkshire hathaway, i'm sorry. that's big news because you're talking about they will put together a non-profit entity to try to fight health care costs. these are three of the smartest guys in the room. they looked at the health care sector, it was ripe, ripe for disruption. maybe some good news here. maybe they partner with existing entities. >> maybe that is opportunity for sure to get more creativity into the healthcare space which we are pushing for, market based system comes up with better solutions overall. the big question, adam addresses this, do you take this as opportunity to buy right now, david? or do you say okay, things could get a little dicey?

coming at unfortunate time i say for the president. >> i'm already invested. i would say this to your viewers, if you pull the trigger to get out of the market what is the trigger to get back in? is it down 5%, down 10%? i guarranty you will not pull the trigger making your gut to make these decisions. likely you get in at another all-time high. therein lies the problem. trish: indeed you have to time this thing right if you try to time it. adam, you're staying in, you're looking for buying opportunities right now? >> i sure am. i publish three ideas every two weeks. there are some exciting opportunities out there. look at your competitor viacom. i think cbs will be buying viacom. look at ford. it traded down 25%. shari redstone wants to put the deal together. trading eight times, yield of 3 1/2%. ford has gotten clobbered because of soft guidance. revenue number was strong.

ford yields at 6%. you have to look at opportunities, trish, not necessarily what the dow is doing. trish: overall fundamentals are looking pretty good. when time dime thinks 4% in the card with gdp growth, when we know wages are going up as a result of bonuses, wage increases from hundreds of companies and earnings going up as as a result of the tax plan. >> wall street. you mentioned one jamie dimon. of course lloyd blankfein. they are fighting over who is more bullish over the economy. two he noted democrats. one at four. one at three. i think we can take. >> thanks so much. major topic in tonights state of the union address will be immigration reform. it must be a bypartisan deal and we must secure our borders in finding a solution to daca. my next guest is important how border security is. she represents arizona's second district right on the border. congresswoman martha mcsally running for senate. >> i am. thanks for having me.

trish: what do you want to hear from him on the immigration front? >> i think he continues to show leadership on the issue. a commitment to finally secure our border. i'm only nine members of congress that represent the border district. i share the border, maritime security subcommittee. we have ranchers, people in the state, dealing with cartels continuing to traffic through their property. it is a public safety risk. it's a national security risk. opioids are coming through for all cities in the country. this is crisis we have. we finally have a partner in the white house willing to secure our border, get operational control. do whatever it takes for agents to intercept the cartels to stop this illegal activity. i think he will be very strong. trish: representative, where you are this is not a partisan issue. you don't see a tremendous amount of divide. >> no. trish: if you have illegal groups trafficking through your backyard, doesn't matter whether you're democrat or republican, you don't want that happening. you want your community --

>> exactly. i represent a very diverse community. my guest is sheriff mark daniels, cochise county, 80 miles from the border. toes are out there making sure families are safe. doesn't matter what your voter registration is. we have to stop the activity threatening the livelihood of our ranchers and public safety of our communities. we need a full revamp of our strategy. need to include a border wall where appropriate. technology agents unleashed to do everything it takes. intelligence-driven operations and situational awareness and operational control of the border. trish: that is all in the plan. he will talk $25 billion set aside for that border wall but he is also talking about offering a path of citizenship for 1.8 million people here illegally. originally the number was expected to be 690,000, effectively the "dreamers" but it has been expanded and my question to you is, how is that going to fly in arizona?

>> yeah. trish: and how will that fly around the country with his base because the base will be important for him and you running for senate. >> for our part we have bill put forward some of our teammates that represent the issues american people care about. strong border security. cracking down on sanctuary cities. ending visa lottery. ending chain migration. "kate's law" part of it. those deported, are violent, greater penalties when they come back. cracking down on gang members. trish: what about everybody that is here already? >> for daca recipients, three-year renewable legalization. it is not a special path to green card. they could take existing paths. marry a u.s. citizen, have employer sponsor them. like everybody else. this is bill we've been working on five months. i appreciate the president's leadership, trying to come to the table to negotiate in good faith. honestly i think he put the democrats on their heels. trish: he has. >> with his negotiating skills.

trish: my goodness, now by the way, congresswoman, if he says, they were to say no-go, well then, what, send all these people out of country and take the blame effectively for isn't. >> i think their true colors were revealed, the leadership any way with their extreme statements last week. the type -- i want to repeat the type of things they said but here you the president willing to show leadership. we're in the middle of these negotiations. they're messy, then they reject it wholesale? so i think people need to ask themselves are the democrat leadership really wanting to solve this issue? or trying to play electoral politics with this and drag it out. they're afraid the president might solve this. trish: like nixon in china. might take donald trump president of the united states to find a way forward for immigration reform. >> our base is excited to see someone willing to secure the border, end chain migration, end the visa lottery and make sure we don't have another daca population in the future. that is what we're focused on.

>> absolutely. trish: congresswoman mcsally. house speaker paul ryan calling for a quote, cleanse of fbi. as supports release of the controversial memo that reports abuses by the government. the decision to release it now is in president trump's hands. will he approve the release? should he approve it? why are the democrats so furious that the public might get to see this thing? congressman dog collins is here with me with more on this thing. we're live from washington, d.c. hi, i'm the internet! you know what's difficult?

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trish: the house intelligence committee voting to release a classified memo which allegedly reveals government surveillance abuses at the justice department. now it is up to the president to decide if that memo will be made public. the democrats are not pleased about this vote. listen to house minority leader nancy pelosi who claims this is a massive cover-up. >> they have crossed from dangerously and recklessly dealing with intelligence to a cover-up of an investigation that they don't want the american people to see come to

fruition. this is very big, this is very big in terms of, in terms of what line they have crossed tonight. and it's shocking really but not surprising because they're desperate. trish: my next guest actually has seen this memo. he says it should be made public. joining me right now, georgia congressman doug collins. good to have you here, congressman. i realize there are things you can't tell us right now. tell us why you think it should be public? why should americans be seeing it? >> i do think it needs to be public because there are issues that need to be clear and transparent. that is something that the president agrees with. he wants transparency. it shows, what the intelligence committee is taking seriously their role of oversight especially dealing with our fisa courts. telling it is amazing to me, i'm not sure was she talking about intel committee or hillary clinton couple years ago when she recklessly handled information and came close to

cover-up. i'm curious who pelosi is talking about? trish: democrats are concerned that the intelligence community will be compromised some way, shape or form. national security is compromised when if the memo comes out. what do you say to that. >> i completely disagree. i'm not trying to belabor the point, honestly who had unsecure server, handling classified emails, went through a pros he is which we had problems with the fbi on that investigation in handling classified information. i think everyone would believe that the intelligence community at its very root wants to make sure our intelligence is the best it can be and the most forthright can be. protecting american citizens and keeping us safe. that is the goal of the intelligence committee. chairman nunez is doing that and,. trish: do you believe opposition research that fisa warrants? christopher steele, who we are

led to believe hired by the democrats with fusion gps, is it that document that led them to the fisa warrants? >> i think we're seeing a lot of things that came out in other hearings and hearings i've been in part of judiciary, that led a lot of us to believe there is anti-trump bias in the highest levelses fbi and department of justice. trish: will the memo show that. >> memo will shed light on issues that percolated. i can not talk about what is in the mem my. does it need to be released? yes. what is really concerning to the american people i want to make this very clear, for the average agent out there doing their job every day, protecting us in the world across our country they have been done a disservice it seems every hearing i've been, public hearings as well by some of the upper management. that is what we're wanting to go get at right now. trish: congressman collins, thank you very much. we'll stay tuned. we'll find out next five days. all right, everyone, market is deep in the red here. we've been off 300 points for

most of the session, near the lows of session, down 341. big, big seven y'all, ahead of the state of the union happening tonight behind me here in washington, d.c. keep in mind, this is probably what the president is going to highlight tonight, the dow and s&p are still up 6% for the month. my goodness, what a ride it has been, on track for their biggest monthly gains in almost two years as economy picks up, jobs are very much focus in tonight's state of the union. we have more intel for you right here next. with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level.

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>> the tax bill is really the dark cloud that hangs over the capitol. they sell it as middle class tax cut. 86 million americans, middle class families will be paying more in taxes as a result of this bill. trish: all right. despite all that doom and gloom from the democrats on economy, white house officials say the

president will use tonight's state of the union address to take credit for our stellar economy. again despite what the democrats are saying, the president's tax overhaul boosted business confidence, boosted bonus, boosted wages for 300 companies. scrolling across your screen there, for nearly three million americans, including just today. exxonmobil will invest more than $50 billion to expand its business in the u.s. creating quote, thousands of new jobs. joining me right now, american majority ceo ned ryun and democratic strategist michael star hopkins who is now a senate candidate in new jersey. >> i am. congratulations on that. thank you very much. trish: start with you, here. a bunch of democrats boycotting tonight's, other democrats saying the economy is going nowhere and this tax plan is doing absolutely, postively nothing for the middle class. are you in line with that view right now? >> i think the tax plan if you're in the top one or 2%

you're doing really well. i think what the tax plan doesn't address if you're in the middle or lower class. addressing income inequality and war on poverty. that is what i want to hear the president talk about tonight. trish: i would disagree with you on this. the top 1%, top 2% they're not doing as well under this whole tax plan especially look at some of these states like your own, new jersey, new york, california, some high-taxed states because of the "salt" provision, people can no longer deduct that i willfully disagree with your premise. >> fair enough. trish: one to 2% is getting hurt. but who is benefiting in all this, corporations. >> they are. trish: so as you think about your talking points, michael, giving awe hint or two for the senate candidacy. corporations are benefiting. ned, i don't know there is anything wrong with that when corporations actually hire people. >> we're only really a month into this. again almost 300 companies have given bonuses. seeing millions of american workers getting 1000, $2000 back

into their pockets. remind people, giving money rightfully theirs through tax cuts. what i would like to see trump do, take credit for that. take credit of jobless claims lowest since 1973. black unemployment lowest since recorded. for american workers, for optimism finding a good job. even jamie dimon saying we could potentially experience 4% growth in 2018. so, i hope that he take as victory lap. this isn't about democrattism, or republicanism. it is about americanism. this my programs benefit all races and parties. trish: he stolen the dems thunder. >> february 90% of the american workers are going to see some pay increase in their paycheck. trish: make it harder for michael in his run for senate. you see where i'm going with this, american people feel happy, employed, prosperous, like there is some kind of a

future, economic future, it will make your arguments much tougher, because you will sit there to say the economy is lousy. i just got a raise. >> economy is doing well, but not well for everyone. wages are stagnated. seeing less jobs added in 2017 since 2010, a low. trish: yeah. >> more are benefiting. not everyone. trish: we talked about this a lot. ned has seen this. you can't see it, my hourglass. the hourglass economy. middle class right there. each party talked about how to address this tell you one thing, democrats missed this. when nancy pelosi is out there saying, $1000 is just crumbs, it's not to this middle class that is getting so squeezed right there. it is not a crumb. it is significant. it is real money. i think she has taken on marie

antoinette -- >> let them eat crumbs. trish: she doesn't get tough. >> i want to say this, i hope trump says you like it so far. put republicans back in the majority in 2019. we'll make individual rates permanent. we'll make the small business pass-through permanent. i would like to see go back so what the house first proposed 25% rate. almost half the private sector jobs in america. reduce it to 25%. make it permanent. you could see jobs, wages everything start to take off in 2019. >> nancy pelosi if could take back the comment she would -- trish: she doubled down! >> essence of what she is saying is true. essence of 1000-dollar bonus is nice. cost of health care and everything is going up $1000 doesn't look -- >> walmart starting to increase wages more we move along. i want trump to be very careful on i immigration.

negotiate on immigration, all right. let the tax kick off next nine months, get the approval up 50% i think it will be a blue ripple than blue wave. >> i think it will be a blue wave. >> michael hopes that. trish: thank you, michael. president trump, everyone will address national security, a major issue, north korea, key to reining in that rogue regime is china but what do we do about china, when china is in defiance of the u.n. sanctions they signed on to? dr. sebastian gorka is in the house. he is going to explain next.

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trish: breaking right now. we're seeing a huge market selloff. the losses are worsening actually. we're near the lows of the session. down 374 right now on the dow. happening made of the president's first state of the union address. for latest, nicole petallides on floor of new york stock exchange. keep it all in perspective. wow, a heck of a run. looks like a little profit-taking here. what else is going on, nicole? >> you're right, we're up 42% since the election for the dow jones industrial average. the today's selling is somewhat dramatic. down 1 1/2%. we don't normally see these moves. biggest selloff for the dow jones industrial average since may 1th. health care, energy, apple, all weighing. get to some of the stories. apple, jpmorgan, and berkshire hathaway working together for a health care venture for hundreds of thousands workers that has weighed. apple obviously cut in half its production of the iphone x but also the department of justice

and sec with a probe looking into the slowerring of older iphones. big picture as you noted it has been quite a run. today is a selloff. back to you. trish: thanks so much, nicole. we'll keep checking in. we're live from washington, d.c., everyone. in six 1/2 hours the president will keep pressure on north korea and growing threat we're paying in terms of a nuclear threat in the state of the union address. how do we prevent north korea becoming a nuclear power when china continues to help north korea? we have dr. sebastian gorka, former trump national security strategist. he is the author of the best-selling book, "defeating jihad." i have read and highly recommend. good to see you, dr. gorka. china is the problem, so what do we do? >> president has done already. we declare a 301 investigation of violation of intellectual property rights. we know china steals our intellectual property. it is the forced acquisition.

if you're intel and apple want to do business in china, guess what the state says sure, shows us our intellectual property first. trish: then they kick it? >> first motorola was burned, that is exactly what happened to them. there are very few companies left, oracle and motorola, that understand the threat from china. trish: dr. gorka, why do the companies do this? why are they willing to do this? short-term earnings? >> short earlyism. the next report to the board, the shareholders. they look at 12 months out, they see, well, look this is a massive market. it has got to be good, right? the fact they put you out of business and sent chinese nationals to our defense labs. think about this. we have chinese nationals in our national labs here in the united states and they are executing economic warfare against us. this is not a flat playing field. this is slanted. trish: if there is economic warfare, how do we fight back in the environment? i would make a case we haven't

done a darn thing to fight back? we have a ton of arsenal in our economy. >> we do first things first, like the 301 education. secondly we have to educate the domestic market. we have to talk to silicon valleys, guys, it is not just about short-termism about the next six months or a year. it is about national security. we have to open eyes to the threat that affects all of us, our children, our grandchildren. trish: they don't get it. you saw intel news. >> right. trish: reported yesterday intel basically showed a security problem that they had to all of their clients in china before bothering to tell anyone here at home, which the military, had they wanted to, could have used against u.s. companies. in other words you're right maybe we need to reeducate them, that will take a little bit of time. what do we do in the interrim? when you have north korea bubbling up into a very real situation. you've got china still trading with them being ignoring the sanctions that they signed on to, how do we --

>> we call them out. look at what the president has done. he understand that north korea is a threat to america. nuclear capability, ballistic capability, but guess who controls the spigot? beijing. 85% of what north korea needs to survive comes from china. if china is serious about being a partner which of course we know they're not, we have to ask them, okay, let's help solve this problem of north korea. they said that at mar-a-lago. remember they told the president we're on site. what happened? they did nothing. the president understands this, so he has to hold the line tonight. trish: he can hold the line and that's part of the rhetoric but what about terms it of actions? are we willing to take that next step? this is something that rattles some investors but as i say over and over again i would far rather lose dollars than lives, are we willing to say okay, we're not going to engage in the same kind of trade anymore. we'll not buy as many chinese products anymore? that actually would hit them hard. >> that would. it's a question of the president, his key advisors and

the swamp. we give 10-year visa to chinese nationals. once they're in the country, that's it, we have no way of tracking these individuals. that is political and economic suicide. so we've got to follow through. we have to fight the swamp creatures, think china is just another country. it is not just another country. trish: another country they can make money off of. >> your country should, viewers should google one thing, one belt, one road. this is not classified. this is the chinese plan to displace america economically and military, by 2049, 100th anniversary of the communist revolution. they have a plan. it is not secret. it is to push us out. trish: he has a lot on his plate. >> he has. trish: dr. gorka, good to see you. will president trump allow release of the secret fbi surveilance memo? why are democrats so freaked out he might allow it. corey lewandoski and david bossie are here about that next.

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trish: we have a big selloff going on right now. we're down 377 right there on the dow. s&p also trading lower. nasdaq lower. all coming just ahead of the president's state of the union. shares of health care providers, they are certainly tanking right now, because you have news that

amazon, berkshire, berkshire hathaway and jpmorgan are announcing partnerships lowering health care costs for employees with a new kind of deal. we had a heck of a run. looks like a little profit-taking here today. what a market it has been. meanwhile the house intelligence committee voting to release the memo allegedly talking about surveillance abuses by the u.s. government. the left is calling it a cover-up. they say the document poses a threat to national security. does it really? it is now in the hands of the president. he has five days to decide whether the contents becomes public. will he release the memo? joining me coauthors of "trump be trump." corey lewandoski and david bossie. who know him very well from the campaign. with this in mind, let trump be trump, should president release it? >> i absolutely think he should. this is the administration wants to see transparency.

if we have abuses in this documents which is reported to have abuses from senior government officials not only release the document, they need to hold the people accountable because if there has been an opportunity for government officials to take a fisa warrant on false dossier, start spying on american citizens in u.s. soil, particularly american citizens involved in the election after presidential candidate, there has to be accountability. those people need to go to jail. who else did they spy on? me, my family, anybody else in the campaign. american people deserve the right to know. trish: if that is the case, david. >> we don't know what is in it the, we'll find out, whether the president lets the house release it after the five-day period, or, that the president and the justice department decide they would like to not do it, for whatever their reasons are, the house can still release the document. they would just have to go into a closed, secret session of the house of representatives and vote on it as whole house.

it takes seven days to do that. trish: would you want them to do that, though? they're supposed to be on the same team if at some point the president saying don't release it. >> this is about politics. democrats are trying to make it about politics. the house could say, we'll vote to release it. there are options. still as american people we're going to see the content of this memo. trish: what do you think it is going to reveal? >> look i think there is -- you know what there is a lot of problems in our premier law enforcement agency, right? the fbi, whether it was what jim comey did leaking that information or mccabe, strzok and ohr, and these other agents, it is pervasive it's a problem but not the entire agency and that, i care deeply about the fbi being rebuilt and getting these bad apples out, because, america has always counted on the fbi and it needs to count on it again in the future.

we need to have a little bit of time here to clean it up, get it back on track. trish: a lot of people did want to mess with us, so to speak, he succeeded. the fact that here we are talking about this, the fact that it seems as though you got this made-up dossier, a guy employed by democrats, possibly that is the big question, we don't know the answer to, possibly the fbi decided to issue fisa warrants as a result of, corey, he has succeeded. >> well he has succeeded. it is very disturbing when you think about this. what you want to make sure the integrity of our election process has to be paramount thing we have democracy. if anybody, i mean anybody, fbi agent or anybody else messed with integrity of our election sim, that person or people should go to jail for rest of their list. we are the greatest democracy in the world. we have the greatest form of government there is. we have to make sure our democracy remains intact. which means not allowing foreign governments or foreign agents or

people from our own country to potentially impact out come of an election for illicit matters. if they did that there has to be accountability. trish: title of your book is very fitting, is the president going to be very much himself on stage tonight or will we see a more restrained version? >> you know, i think, first of all i love when he gives the big speeches, whether in davos or united nations. it what wasn't the state of the union or his speech before congress last year. he rises to the occasion. he is the greatest game-time player i have ever seen in politics. he delivers unbelievably big speeches in a powerful way. i think the american people are going to take a way from this speech what's gone on in america over this last year. because the president needs to talk about the great successes we've had but also lay out that vision of of prosperity for all in the future.

trish: what do you think, corey? >> take the market aside up 45, 48% since he has been elected. look at unemployment rates specifically in the african-american community, hispanic community, lowest ever recorded. homeownership, consumer confidence all threw the roof. when you look back at one year ago, since the election, people say markets crash, we'll lose 50% value. people 401(k), guess what, 45% increase, that is what american people care about. that is what he will outline. what he has done about isis, decimating isis where they are could to keep americans safe and think of deregulation and courts in the first year. a lot more to go. trish: a lot more to go. good to see you both. congratulations on the book. tonight marking historic event for our nation and our president, his very first state of the union.

historian doug wead is here, why tonight's address will be certainly like no other. stay with me. back in two. my experience with usaa has been excellent. they always refer to me as master sergeant. they really appreciate the military family, and it really shows. we've got auto insurance, homeowners insurance. had an accident with a vehicle, i actually called usaa before we called the police. usaa was there hands-on very quick very prompt. i feel like we're being handled as people that actually have a genuine need. we're the webber family and we are usaa members for life. usaa, get your insurance quote today. ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour,

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. >> all right, just about six hour away from the president's first state of the union address. he's going to be speaking to a rather divided nation, facing record low approval ratings, while the state of the union is traditionally the biggest speech of the year for the president, donald trump is

anything but traditional. as you all well know. i want to bring in presidential historian doug wead, author of the book game of thorns, good to see you. >> good to see you. >> important to have historical context around tonight. he really is a president in modern times unlike any we've seen. >> you never had anybody like donald trump, but he's going to take a success lap as everybody says tonight, and i want to emphasize how unusual that is. most of these state of the unions come at a time great crises, and it's not easy to do what he did this past year even though he doesn't get a lot of credit because of a hostile media. but the tax reform for example took six years for ronald reagan to do, and whole idea of turning around the supreme court, i worked for a president, we work for years, our first appointment took the other direction. so it's kind of like willie mays in center field making the basket catches. it looks so easy, but it's not

easy and jobs, it was barack obama's state of the union in 2014, where he emphasized how we're going to have the shovel ready jobs. >> that happens a lot. we spent a lot of money. >> we spent a lot of money. >> the point i'm making is yes he's going to take a victory lap tonight but it's not as easy as it looks. >> in other words, he's gotten a lot accomplished and not easy to get things done. we're looking at possibly immigration reform, he's expected to highlight that tonight, doug. do you think he can see any kind of victory there as well? >> yeah, i think that's where he's going. sometimes when you get ahead on anything losing weight, anything, sometimes when you get a head start you get momentum going, and he's got to have some confidence, but the opposition, the media opposition, that's something we haven't quite seen that extreme before. >> i agree with you, i agree

with you, i'm curious, i'm a bit of a historian myself and i love u.s. history, what i studied in school. from a historical perspective, when you look back to the days, writing a lot more than broadcasting, there was also viciousness back then. >> yes. >> but today feels, and maybe it's because of the media, on television, and on the internet, it feels very different. a lot of venom. >> there's no question it was viciousness and it was terrible, but it was on both sides. the hearst radio network took on fdr and they were very effective. but there were papers defending fdr, too. we've never had a lineup where you could actually show with metrics, 96% of every dollar donated to the opposition, not to him. haven't seen it quite that clear, and i think the internet is the problem because they're exposed by the internet, they can't hide as i journalist. we know what they think.

>> thank you so much, doug, i'm going to see you tonight. all of you again tonight. doug is going to be back with me, 11:00 p.m. eastern for special edition of "the intelligence report." we will have all kinds of breaking analysis on the president's address and we will have analysis of the democratic rebuttal. it is a very big night and a very big day for the markets, liz. liz: i would say big definitely, trish. you know how every time there's a tremor in california everybody asks is that the big one? is that the big one? the sell-off or correction that wall street has been constantly anticipating for more than a year. one thing is for sure, the bears are roughing up wall street at this hour with losses accelerating into the close. if we were to close right here, combining yesterday and today's sessions, the dow will have been slashed by nearly 560 points. why is this happening in the final hour? surging bond rates which forewarned that borrowing money is more expensive than it's been. that