Member daniel hannon. Thats a great thank you to the prime minister. He tries to speed up a process, but a populist movement overwhelms him and now he is out. What do you think . Well, his basic problem is that incredible as it is italy has that grown since it joined the euro 17 years ago. Its about the same size now it was in 1999, and hists are all t murder weapon. He was the guy who was the brussels candidate here, the eu loved him, said he is work knowinger United States of europe. So voters were not going to reward someone standing on the shtick in any circumstances and he has paid the price. Why dont you think the markets had the same reaction they did initially to brexit when your fine country decided we dont want to be part of this club anymore . What happened . Brexit, trump, all the experts say the sky is going to fall in and will be a disaster and so on, and of course, reality asserts itself. We were told before brexit, if you vote to leave there will be an immediate recession. That was not happened. Told unemployment would rise. Its at its lower lest easterly. Were told the Stock Exchange would collapse and, much over same here as i understand it when donald trump was elected, and the experts were implicated in having tied this. To the our yap corporationist vision and they are wrong. I heard from one representative on fox business, which if you dont get you should demand. The basic take was this. Dont get too cocky here. The populist worldwide shouldnt react to this as a great market cure. Sure, you dow will likely hit a record at the time and it did. Other market us might bounce up. They did. But this is just a shortlived phenomenon. That the longer term trend is down because the world, to quite him is going to hell in hand basket. No one has yet been able to overcome the economic cycle. Theres always going to be boom and bust. But what well find is that in my country, all the downside are attributed flu to brexit by the experts and the good side im thinking that. Eventually the people who are saying, just wait for it to go wrong, of course eventually they will be proved right because simple cyclely that will happen. Do you think that part of this fear was that each country is building up its own walls . I had a problem, and you would explain how the european open union was supposed to work and the idea was if one country has problems, but you cant do that when your part of the same club and sharing the same current so on paper never seemed to make sense. Is the reality here, depending on how things go, this whole European Union itself you can stick a fork in it . Well, the European Union has already failed. The two biggest projects that it rested on were the euro and at the agreement which opens the borders. Both turned tote to be fair, weather schemees thats didnt survive the first storm. Euro was shown to be a disaster when the debt crisis hit, and the promises made to voters by the experts and polling particularses have shown to be fallings, but im very optimistic about britain. We cut loose from that particular mess. Were now in position to have free trade agreements with our friends here and further afield and we can use brexit to revitalizing the whole World Trading system and that fills me with optimism about the future. Thank you very much. Have a merry christmas. Thank you. If at first you do succeed, keep trying, again and again and again, president elect trump is now looking at another Company Looking to ship jobs to mexico. The company is in indiana, and its a bearing manufacturer, but donald trump is not bearing what the company is intending to do tweeting there will be a tax on our soon to by stronger border of 35 . In other words Companies Look doing ship better than 100 job overseas or south of the border. Hes on a roll here. And shelby, i guess his feeling is im going to keep pushing that. What do you make of that . Exactly. His deal with carrier was very popular among his own base, but just because its popular doesnt mean these tweets or these threats essentially are prosperous or capitalist, and trump way trump treats paint this u. S. Economy as if it is u. S. Black and white. You produce or bruise bruise abroad. And if you think about apple. Companies produce goods all over the world and to single out Certain Companies which is playing favorite crazy is a huge criticism of donald trump by the business company. They say your manipulating the market and as Larry Summers put it doing this dealbased capitalism that doesnt work and how can the businesses plan for the future, which is very important to their bottom line, if youre going to make decisions on a daytoday basis as Vice President elect said this weekown on abc. So there are a lot of unknowns, but because its popular, doesnt mean its prosperous. Be careful what you wish to, steve moore, this unusual criticism from the right, sarah palin saying it reeks of crony capitalism. Governor sack says the goal is to same 300 jobs, president elect trump means well but worries his 35 tariff idea would raise prices on american families. What do you what i can of that rumble on the right . My Little Grocery store down the street is now threatening to leave the country unless they get i think this is im a little queys request about it. I was in fair of what donald trump different with carrier. Itself was like an announcement were going to take keeping jobness at the United States here seriously and do what we can ten cower jobs and factories here. That was appropriate a month before he takes office. Just a signal. Dont want this to be part of a pattern. You cant save america one company at a time and the problem i have with this is that if this continues, i think you could see a problem where youre going to have companies lining down pennsylvania avenue or maybe fifth avenue in new york, give me my specialties spend saying. I was going to ask about that. The company itself, published arrested company is down. Maybe the feeling seems to be you step too far here. But charlie gasperino, an issue you were worried about, that it could set in motion the very kind of situation that steve outlined. Play this out for me, then. I mean, i want to say someone mentioned larry summer talking about deal, based capitalism. A little rich to complain about that when thats what the did with solyndra. Pel put. The other point i would make, look at what he is doing, in the rex naar situation. Thats where in carrier they worked with the company, developed a plan, give them incentives and that this was different. This was day basically said donald treated out and trying to extort a decision out of the company, saying if you do x well hit you with y and its took 73 million off the market cap of the company. That is kind of extortion, and i tell you, you talk to enough lawyers about this, it starts get ago into the realm of you manipulate their stock price downwards thats not what he is doing. Thats what he its doing. Manipulate the stock price. Its what he did. The goal was to try to prevent jobs from leaving the country. Understand what youre saying. Shelby, the one thing i have is it could be the school of unintended consequences and be careful because every company will try to sort of leverage off whatever a state or municipality can do and theyll leave. But there can be bad p. R. To face them. What kind of precedent does this set. Will companies go to the government with their hands out, saying were going to threaten to move jobs overseas unless you give us some incentive to keep them here. Another big problem is its a slippery slow. Ford is spending 1. 6 billion on a plant in mexico. I they going to face this tariff is this is in the works . Are Companies Like apple going to face this tariff . Let me take the opposite sites of this because i am queazy but i think if he goes about this reright way it can alleviate your concerns. Steve, this not the right way. Let steph heres my point. If he goes to these companies who are tech can about leaving, just says this, look, dont leave now. We got tax reform coming, we have cant do that. He should be saying that. Thats this is when you want to be in the direct if hi did that with these companies thats what happened with carrier. We know that [overlapping speakers] one of in the things his Economic Team has been saying, before you consider this kind of stuff, we plan to slash taxes and regular layings. Eye just asking, charlie, if you saw a situation like that, what is wrong with waiting them out. Not necessarily ceding deals but to say you want to go when im doing all this stuff, thats on you. Nothing wrong with that. Thats what he did with carrier which is brilliants politically and from a market standpoint. He said, how much money are you going to save . Which is the minimum, and how much can you get when you start factoring in these things we will give you, which i lower taxes and less regulation. My point was this, i think it was you, neil. He goes out and starts hammering somebody and they get bad publicity. Guess what happens. Their stock is going to go down. That it is extortion, and i tell you i dont think he thinks the stocks because by that definition, barack obama and his pollution are musings and rands from the oval office on the healthcare industry, its not necessarily a quid pro quo. Understand what youre saying. But i think i guess i have no problem with someone trying to save jobs. Me, too. Were saved for christmas. Always the risk, and i readily buy it some can take advantage but id rather see a president , president elect, pitching to save jobs than to ignore them. Whats the he was elected. He promised to bring revitalization to states in the method. Ive been to these towns and theyre expecting it. Now i dont theres anything demeaning arguing for jobs. Fight to the end for gasperino to have a job. Heres what i would say. Why do it the carrier way as opposed to the extortionary way. I want to put you in an air conditioner. Guys, thank you all very much. Kid because i love. The white house today is warning the president elect trumps phone call with taiwans president would set back relations with china. Have you seen what relations with china are liker now . Before i had the shooting, burning, pinsandneedles of diabetic nerve pain, these feet played shortstop in high school, learned the horn from my dad and played gigs from new york to miami. But i couldnt bear my diabetic nerve pain any longer. So i talked to my doctor and he prescribed lyrica. Nerve damage from diabetes causes diabetic nerve pain. Lyrica is fda approved to treat this pain, from moderate to even severe diabetic nerve pain. Lyrica may cause serious allergic reactions or suicidal thoughts or actions. Tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. Or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. Common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs, and feet. Dont drink alcohol while taking lyrica. Dont drive or use machinery until you know how lyrica affects you. Those who have had a drug or alcohol problem may be more likely to misuse lyrica. Now i have less diabetic nerve pain. And these feet would like to keep the beat going. Ask your doctor about lyrica. The progress we have made in our relationship with china. Could be undermined by this issue flaring up. That was news to me, that just taking a con agree lat torry phone call from the leader on taiwan would undermind the relationship with china. Didnt know this would crate a diplomatic furor. Know about the one china policy but at the risk of sounding like an ignoretimeus, that big of a deal . Taiwan has been a big ally, 27 Million People. Been our friend when china wasnt always our friend so i think to a certain extent returning a phone call, placing a phone call is absolutely no big deal and the message from the state depth is this administration is going be to different, doing things that are different, and if this one call breaks whatever relationships we have with china that very good relationships to begin with. A big to do about nothing. When raid about the one china deal minute when jimmy carter finalized it back in 70s, the communiques do not say that u. S. Supports beijings view of one china, only that the u. S. Acknowledges both china and taiwan agree on that principle. Thats very big difference. China is the only country in the world that considers tie one its 19th province. The anymore taiwan have not declared independence and probably wont but a strong independent movement there but have freely elected very much a democracy, an ally and i think that again, its way too much china has been a complicated relationship for a long period of time and the chinese have to understand this is a new president. Hes going to do it his way and betters a here too what the wants to do. Its a a little like financial apples and oranges here but we know that china rigs its currency to get the upper hand on trade. We do know that it has a habit of not treating rebellious workers very well. We do know that it has a very closed society when it comes to use of the internet. Do know its been take a number are provocative actions that outdo anything that is provocative by trump by mill teareesing the South China Sea and taking islands that arent there. So who leads whom . China has done what china wants to do and thats the realities of it. Do you think theyre making too big a deal for this for just the deflection value. Absolutely. Think at the end of the day, lets get a state depth in there run we trumps people, whoever he choses as secretary of state. Lets develop the relationships, lets talk to both sides. Lets talk to other allied around the world. I think the idea of the state depth is going to lecture the white house that one phone call is basically wrecked everything we ever done is absurds, absolutely absurds. Do you think that the trump folks new knew what they were getting into, the was part of a wider effort or the bumbled into something and are trying to justify some machinationses. I think there was a plan. Think the plan we have been talking about it for four days no and is an Important Message that is the new sheriff in town or new president in town, and you got to deal with him and what he wants to do and what his team wants to do, and certainly taiwan is a very important ally and continue to be an important ally and china is someone that hayes to play a different game than its played before. I remember that Ronald Reagan with the defense shield, people were saying was very undiplomatic and weird, in fact, got the russians to the negotiating table . I was in the white house, in addition return toking his campaign i spent five or six years in top level. It was a very deliberate decision and i think this well see where this goes. I think this is not a warning shot or it was a positive thing. Rushed a phone call, basically made a phone call, whichever the case. Doesnt made, he said to taiwan you have been our friend and ally, we trade aid lot of resources, we have armed you and we have a protective pact with you and youre important to us. I just wonder when people say this is a provocative act and i look at all that china has done china has got nuclear planes and Nuclear Weapons flying right to the border of taiwan right now as we speak. Thats not a provocative act, what is . Just a little balance there. Thank you, my friend. Eds rollins, former campaign manager. Bailing of a major pipeline being build in north dakota that is blocked and everyone says this is great news. Um, did you check with team trump on that . Just asking. Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. 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Well, the government has not given grounds, it just asked for another, another, after many, many, many Environmental Impact statements, asked for another one. Can the government do this . Yes, its no way to run a railroad at all but the government is at liberty to delay, obfuscate. Deceive, mislead as its done here to its hearts content. Lets be honest, this is a political decision by a lame duck administration, which is absolutely certain to be reversed by the Trump Administration, as soon as it placed in their hands for review and that could happen as soon as late january or early february. So, even though this Pipeline Company got all the approvals, and invested many, many millions of dollars, and has completed the entire pipeline except for the last mile and a half, it cant sue the government for changing its mind, but all it has to do is wait because we will have a new government come january 20th. Does that government, an executive order from that president , in this case donald trump, negate this . Yes. It may not negate litigation, though most of the litigation against this is already history, and look at what youre showing on screen. All those people have to leave for this to happen. But that is for the Trump Administration to deal with on the ground. In terms of the lawful permits for this to go forward, a s