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tv   Cashin In  FOX News  February 3, 2018 8:30am-9:00am PST

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stock market has smashed one record after another. >> the stock market has reached an all-time high today. all high pressu all-time high. think about it. >> the stock market is at an all-time high. we're just hitting another record right now on the stock market. you see what's going on with the stock market. they know-- they know we know what we're doing so it's going up at record clips. neil: all right, so what happens when it reverses? does that mean you don't know what you're doing? that's the danger wious marryin yourself to it on the way up. what happens on the way down. and ronald reagan ended his presidency stocks more than doubling. and jonas max ferris with us, david asman. to that point, david, we should
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at least put this in perspective. we're not crashing here and percentage terms are still up a lot, but is there a risk? >> sure, there is, absolutely. it's much smarter, i think, if you're president to focus on what the economy in general is doing. ronald reagan, as you mentioned, he did back away from touting the market as his gain. it was the market's gain, but because he was able to focus on gdp growth at 8 and 4% in '83, 7% in '84, he focused on what helped the overall economy. i think, as a president, that's a smarter indicator to look at. neil: you know, jessica, i can understand the businessman who is steeped in the markets and knowing them to quote them because certainly the mainstream media and you aren't going to do that. >> i'm my own category now. neil: your own category. there's a risk to it? >> i think, maybe for anyone else, but donald trump.
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i don't think he'll acknowledge it. neil: it's based on good news, base on a pickup in activity. >> if it's to the black unemployment numbers, it spiked up. he's not going to own this, in the country everything good is his doing, and if it's bad it's ignored. >> good news on the employment front and bad news on inflation. if there are fewer workers available, you've got to pay them more and that's inflation and prices should go up. neil: and jonas max ferris. the risk is that everyone says, all right, the good news is going to continue as the devil, the credit markets and interest rates will back up and that will be sort of the conundrum here for stocks. and is that a worrisome development for you? and should the president worry about it? >> okay, well, first of all, no one is better than the president of having you not look at the elephant in the room. so there's no way that this is
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going to hurt him in the sense, oh, you said the market is going up. let's not forget the market is going down because the economy is too hot. that's going on right now. we're worried it's so strong that there will be inflation as you said. and if you see more days like this, and we might, you might see trump say to the federal reserve don't overreact or take the punch bowl away too soon and we need some excitement. so it could also be used as a tool to get infrastructure spending done without any tricks from democrats. so, i think that he will, if anything, take the sight away from this and more importantly, possibly turn into getting policy and getting people what he wants, sort of like the '08 crash-- the '07 crash in line to bail out everybody. i think we're ov-- >> we're looking at a couple of days selling here, i don't want
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to overinterpret this. david, you're studying the market. and look from 1924 and i heard were you there at the markets covering there. [laughter]. the closer you look at the chart you can see the jagged point when you have a crisis, presidential assassinations, scandals live wat like watergat and climbs up. >> that's why it's good to stay in the market. we've had an 8,000 gain. it went down 700 points on friday, but compared to 8400, that's like in 14 months, we had what usually takes six or seven years, so-- >> i guess the concern now-- >> it's good it came down a little. neil: the concern you never know what the inflection point is, people worry whether the market, this is an excuse for a selloff and all of that. do you buy an old sort of line that the markets lead the economy and others say the economy leads the markets. you and your young friends just hate the market, i understand
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that. >> i hate everything. neil: but do you worry about that, that as it goes, so eventually could go the economy? >> i worry about the trend line, but like you pointed out, this is only a couple of days. so, if this becomes something that we're talking weeks and months, and years and things like that, that's more of a worry, but generally speaking, you know, someone-- and i'm a student of graphs, and have a statistics background. you know, there are little dips there and we know that big events happen and they rattle markets and that's a pretty serious trend line coming from 1924 when you started your career. >> thank you so much. >> i'm getting-- can i say one thing about events affecting the markets? because some people are saying that, you know, if trump is impeached, that's going to-- remember the impeachment of bill clinton, 1998-1999 when were you in grade school. the fact is that the market did quite well during that period. so all during the impeachment process of bill clinton, the market was doing well, so i--
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>> so is there a memo wild card, jonas, we're not appreciating here that could back fire, the extended investigation that we don't know. >> the investigation length is not the worry for the market. i think you're being soft on millennials and their rell in the crash and they're the ones that don't like stocks, and they've built a billion dollar bubble in crypto currencies. >> it's all jessica's fault. >> it's all of my cryptos that-- >> and we have mentioned the memo and the push from the house judiciary chairman, no less, to get the democratic memo out. take a look at this. >> they have a memo they want released. do you think republicans should allow its release, the president should declassify their memo and get it out there? >> absolutely, absolutely. . neil: there you go. i wasn't expecting such a short
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response. it helped that he said absolutely twice. otherwise it would have been tough. ben stein, you're here on that. we have the battle of the memos. what do you make of this whole brouhaha. >> i make it the fact that the medias has disgraced itself. the media is supposed to be pushing, pushing, pushing, to have the news put out there and they've been fighting, fighting, fighting against this fisa memo put out and the media has shown itself, the mainstream media, not fox of course, has shown itself to be the captive of the-- kidnapped captive of the democrat party. it's just a disgrace how they've refused to bow to the needs of the people to know. neil: it's interesting if you think about it, the same media that, you know, obviously was very aggressive with the release of the pentagon papers to get every detail out on inflated body casualties counts in the vietnam war and gets, that in retrospect was a good thing to learn and know and if you
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subscribe it today, we're questioning the institution that's verboten, we'd never learn that. i know the fbi example is a little different, but what is wrong with finding out how an investigation starts or what triggers it? and i talked to a number of democratic congressman in the last hour and a half who tell me, well, i cannot believe, neil, this was the only means by which that fisa, you know, order was granted. but what do you think of that? >> i think the fact that the democrats will do anything to keep the truth from coming out. the truth is there's been a conspiracy so immense, it defies imagination, a conspiracy so immense against the truth. a conspiracy against the republican party and against the people who elected donald trump. this has been a conspiracy to reverse the results of the election. it's been almost an attempted coup d'etat. and-- >> and mike might be canned,
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he's the only person in the memo still on the job. if the president were to fire him do you think that's a bad thing. >> i think he should be fired without question. anybody without question that has been-- had anything to do with this. and with the gossip used to get a fisa warrant and fisa allowance should say wire tap should be fired, too. look at donald trump, everybody sneered and laugh when donald trump said he was being wire tapped, but he was being wiretapped. neil: good to see you: good to see you coming out of your shell on these issues, know where you stand. [laughter] >> on the super bowl, if
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>> all right. the big game tomorrow in minneapolis where it's cold, but it is an indoor stadium. once you're in there, you're fine, but you never know what could happen in there. what if there are national anthem protests, a number of players on either or both sides. there have been talks na nbc might not broadcast that. who knows, we've got a former nfl player, very, very good at this stuff and i love his whole style and demeanor. it's very good to have you. we're told if the players were it take the knee, there's another view out there, folks at home won't even see it. it won't be broadcast. what do you think of that? >> well, from what i've heard,
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nbc made it clear before the last two games were played, the last two to get to where we are, they were going to show the demonstrators and give a little background. the thing that we can all be happy about, with the two teams that are there, the two teams decided to get this thing together about of getting to the big game, it's a team of harmony and they have a gratitude and none-- the teams kneeling are no longer in the game and that's indicative i think the super bowl should be played, the west -- best of the best and total gratitude and harmony and it's where it should be and i think the fans can feel pretty comfortable that we won't be focused to have the demonstrations this time around. neil: do you believe, burgess, the nfl commissioner has been as forceful as he could be. he's walking a tightrope between players that feel they have the right to do this and others at
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home tired of this and hurting ratings as a result. what do you think? >> i think it's hard for me to believe that a brand that i grew up with could be damaged this way. i thought it totally impossible. so, it takes an effort by the commissioner to do what he's doing and i want the fans to remember this, this is nothing new. at 9/11 we lost over 3000 of our americans and it was abc that decided they wanted to be a neutral factor and didn't want to show the flag. i think right now we have the commissioner who looks at global profit. in the process of doing that, they don't mind being a neutral organization, or anti-american if need be because they have mexico, london, international fans they're looking at making up the difference. they have been hit very hard this year in terms of viewership, in terms of millions of fans not going to watch them anymore. they have to make it up somewhere and the way i see the new contract with this
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commissioner, $3 million a year, but 50 million dollars in, incentives. and americans need to understand we have a company that has a different focus on our country than most of us do. neil: could you at the point me with the math for curt cousins country that's going to eclipse 150 million and i look at the final record of the redskins, a lovely team and i don't blame him exclusively, but, man, you pay that dude that kind of money, what the heck is going on? >> well, you're seeing a league making a lot of money. that's the way it is. obviously, you don't pay your talent more than you're going to be making a profit so obviously, that's the name of the game. and, neil, if i could say this, when you start looking at a global market, there's going even more money to be made and that's where i think the nfl is looking. the only reason i could justify for a person to have messed up this brand the way he has to be given a contract to move forward
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and keep it going and double down, by the way, on this social justice stuff, which is nothing, but, it's marxism, so we have to look at the real deal. neil: it is weird. very good see you, and football. >> thanks. neil: when billionaires leave this world, you think about the money they leave behind and you think about a certain billionaire who left so much more. stick around. you are about to be inspired by one of the richest people who ever walked the earth. hold together. a little to the left. 1, 2, 3, push! easy! easy! easy! (horn honking) alright! alright! we've all got places to go! we've all got places to go! washington crossing the delaware turnpike? surprising. what's not surprising? how much money sean saved by switching to geico.
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tripadvisor compares prices from over 200 booking sites to time to bask... in low prices! find the right hotel for you at the lowest price. refreshing, isn't it?. tripadvisor. >> finally today, he is the billionaire who wanted to die penniless. so intent on giving his fortune away he seemed like a man on a mission. onwhether john huntsman succeeded in wiping out his fortune before leaving this planet. i know with his passing on this
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friday, he made a remarkable difference in the 80 years. i could give you a rags to riches, early claim to fame was a clamshell that he designed for mcdonald's's big macs that prevent it had from leaking. but that's not what interested me. in a list of surprising heroes i was writing about in my first back to you in 2004, i call that book more than money and i remember describing it to huntsman as a modern day profiles in courage about people who overcome enormous odds in his case, repeated bouts about cancer, including witnessing his own mother die of the disease in his arms. he quickly dismissed my premise saying there was nothing heroic about facing something you didn't ask for. i disagree and cited his huntsman cancer institute in salt lake city, utah as proof from the pain of this savaging
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disease can come promise for patients who might otherwise never be able to afford a chance for a fewer. john huntsman was that cure, and that hope. i saw it for myself. >> it's all centered around hope. and we changed the name of the street to be the circle of hope and everything is centered around bringing hope and cheerfulness to people. neil: it's interested in your case like ronald reagan's case, when they was diagnosed with alzheimer's, they didn't give him much time. not that the alzheimer's, but what surrounds it. you had cancer not once, but twice and doctors had kind of rolled their eyes and given up at times, but your spirit kept triumphing, that ronald reagan grip, whatever you want to call it. doctors had never been able to prove that, john, whether you have a good spirit, you improve our odds. >> well, doctors haven't proved it, but patients have.
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neil: yeah. >> and when you know you're going to make it and you have that great spirit that president reagan always had with him. it didn't matter where he went, he seemed to carry the spirit and you carry it with you, neil, very, very well. and it's the human spirit. it overlies all religions and all backgrounds and all nationalities, and it's a spirit of hope and optimism and cheerfulness and perhaps the greatest blessing we can give our families and my greatest heroes, are those individuals who are upbeat and positive. when you know that they have a difficult disease or a difficult ailment, and yet, they smile and they're upbeat. you want to hug them. i go around the chemotherapy unit and i try to go every week and i give patients hugs. i don't say anything, maybe a tear will be shed or something, but i give them a hug and it's wonderful medicine. it's better more me than for them, i'm sure. neil: his family is stuff of political legends.
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jon huntsman, jr., his son, a former presidential candidate now is ambassador. and still, another, peter, tended to overseeing his dad's far-flung petrol company, and eight children, and grandchildren and abby huntsman, fox's. but dynasty unrivaled in sheer size in american history. >> your son is a governor, another a bishop and what the heck is going on there? >> well, i'm very grateful that i was good to my son. neil: i call you the modern joe kennedy, it's the republican joe kennedy. >> don't tell the people that. neil: nothing to do with alcohol or anything like that. you built this military billion dollar empire and a few thanksgivings ago met with the kids and told, kids, i'm giving it all away to charity. they didn't get through dessert.
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it's not a good time. good thing to have you. >> bad thanksgiving dinner. none of them came to me and said, grandfather. neil: could you rethink this? >> i don't love you anymore. [laughter]. neil: can you rethink this a little? >> none of this em said it yet, but our granddaughters are getting old enough they could put their arms around grandfather and i could give them anything. who knows from here. neil: do they compete with your attention or was anyone all at each other's throats? >> no, we got along great. neil: jon strikes me as being at their throats. >> he would be for the united states of america, he has unified and could bring the country together. neil: still working-- >> grow up a diplomate in the huntsman clan, you've got to keep them from destroying everything. neil: rich, but grounded and he came through in every interview
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and every zinger. >> it's good to be on your show again, in the west we believe you were born in cryptton. neil: i don't remember them talking about the loss of jobs, but hillary clinton, would hillary clinton be a jon huntsman type president? >> i never thought about that, but about the only thing in common. neil: what do you think of donald trump? >> i'm not going to get into personalities. neil: i have tried for the longest time to get you to say a bad word and you don't take the bait. >> he went to my alma mater and i know don. it's just, we forget in those shows that there is something greater than money and it's concern and love for our fellow human being. neil: what if your fellow human workers are lazy, not getting the job done. you have to fire people.
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>> sure you do. neil: and you have to get rid of the weakest link. what do you do? >> you have to be honest. the number one is courage. neil: how is the cancer foundation? >> cancer foundation is doing great. we're hoping another new hospital. one out of two men-- two women and one out of three men will get cancer and i pray for your health and i worry so much about the health of americans each and every one of them and ask god's blessings. neil: you've returned a lot. runners never cheat, a best seller. and he wrote the book and he astutely decided not to include politicians. it was a decision to be on the safe side. i don't know for sure if jon huntsman, sr. died a billionaire. i do know that i am richer, a lot richer for having known him, a man who touched lives and saved lives and while here, truly made this world a much better place.
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jon huntsman, sr. dead at age 80. >> a day after the bombshell fisa memo becomes public, president trump says it totally, quote vindicates him in the special counsel probe and yet, quote, the russian witch hunt goes on and on. we'll talk about the white house press secretary. plus, the dow drops over 600 points. what does it mean for your 401(k) come monday morning. we'll take you behind the scenes at a high-tech police drill designed to help businesses contain the carnage if there's a mass shooting. hello, welcome to america's news. ♪ hello there, welcome to

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