Transcripts For FOXNEWSW Your World With Neil Cavuto 2018110

First to john roberts in the white house on what is happening right now. John . Who says the market doesnt like change, neil . What is most interesting is the president at about noon today made a lot of news at the press conference and blew it out of the water with this announcement that Jeff Sessions is resigning. Long before the president got anywhere near the east room for the press conference, john kelly called up Jeff Sessions and told him again, probably one of the worst kept secrets in washington over the last few months, that the president wanted his resignation litter. We dont know if this was a Resignation Letter that Jeff Sessions had in his back pocket, sitting in his desk because it was updated. Jeff sessions sent the letter to the white house. Fox news through the great work of jake gibson at the department of justice was first with the news. We confirmed that Matt Whitaker will be taking over as the acting attorney general while the president sought a permanent replacement for the attorney general. The president was asked about changes to the cabinet, specifically sessions. The president said asked me about that at a later date. We didnt know it would be 90 minutes later. The president talking about the Mueller Investigation at that press conference saying its not his intension in any way to affect the ongoing process of the Mueller Investigation. Listen here. I could have ended it at any time i wanted. I didnt. There was no collusion. There was no anything. I didnt. They went after hackers in moscow. They went after people with tax problems from years ago. They went after people with loans and other things. Nothing to do with my campaign. This is an investigation where many, many millions of dollars has been spent and theres no collusion. It was supposed to be on collusion. Theres no collusion. And i think its very bad for our country. I will tell you. I think its a shame. You heard the president there say he believes that mueller has strayed afield of his original mandate. Its interesting that Matt Whitaker wrote an oped for cnn in which he said he believed that mueller had gone too far in the investigation. That was before he was named the chief of staff to Jeff Sessions. As far as we know, neil, Rod Rosenstein, the Deputy Attorney general overseeing the Mueller Investigation though it looks like whitaker could have the authority over that, calls from Chuck Schumer for whitaker to recuse himself from that investigation. We dont know what the outcome of that will be. I talked with members of the president s legal team a short time ago who said as far as theyre concerned, Rod Rosenstein is still running the Mueller Investigation and they have not made a decision yet whether the president will submit written answers that they prepared for robert mueller. Fastmoving forry. Back to us in 30 second. We have more. Neil real quickly. Jerry nadler will talk over and had been concerned about the timing of this and wants answers were told. You mentioned Chuck Schumer and nadler taking on these responsibilities. Obviously you said this was well telegraphed. The president had not hid his distaste for Jeff Sessions. How much is this escalating with the new congress . We knew the president would make changes to his cabinet. The swiftness of sessions departure took people here at the white house by surprise. The fact that the president after about two hours sleep woke up and sent out a few tweets and told john kelly to ask for his resignation. Theres other names floating around, ryan zinke, the department of the interior, the Inspector General has referred a matter regarding zinke in a land deal in montana to the department of justice. Wilbur ross has been talked about, the defense secretary teary has been talked about, james mattis. Theres more to come. Well keen an eye on it. Neil were watching separately outside the Justice Department. We heard as well and you touched on it that Rod Rosenstein has this visit to the white house, whether that was preplanned or not. I didnt hear your earlier comments. Do we know whether its being seriously considered that he will be asked to resign as well . As far as we know and ive been trying to nail down the topic of the meeting, this was a preplanned meeting. Rosenstein comes over two to three times a week and this is a coincidence that sessions resigns and Rod Rosenstein comes over. I expect the topic will come up. Again, as far as we know, theres no change to the russia investigation. One of the reasons is the president s attorneys, rudy guliani and jay sekulow has said look, were getting close to the end. Dont do anything that will upset the apple cart and set us back to square one here. If the president were to have whitaker take over the entire investigation, that may be 1 of those things that upsets the apple cart. Thats why people inside and outside the white house dont appoint emmett flood because well have to bring in somebody else to work on the Mueller Investigation. Thats why pat sippalone is coming in. The president s counsel saying lets getting close and keep things going and see how soon mueller has a report. If he doesnt come out in a report in the next few weeks, youll see pressure from the president s attorney on mueller to put up or shut up. Shepard no doubt well go back to you at least one more time, a couples times at the rate news is developing here. On the left of the screen outside the Justice Department, on the right outside the white house where were making for Rod Rosenstein to make a readily scheduled visit to the white house. Youll find in the middle of this back and forth in the Political Class that were talking political crisis, constitutional crisis, another slowmoving i dont know massacre that occurred during Richard Nixons time in the white house when one official as the other were fired. Its hardly anything like that to guys that buy and sell stocks. A lot of buying, a lot of relief. This has to do with the midterms that seemed to go according to consensus and better than the Financial Community thought. Deidra bolton here to sort through it all. Deidra . If you look at the rally, todays post midterm rally is the best one since 1982, you have to go all the way back. So markets rising. They mostly do, neil. I went back and looked at data points since 1980. Theyre up around 1 close to midterm elections on average nor the week that those elections happen and up around 2 for the next 30 days. So this is historically consistent anyway with what weve seen. We also heard earlier from President Trump speaking about working in a bipartisan way. He talked about infrastructure, he talked act healthcare, he talked about lowering drug prices and signals pretty strongly that he would be willing to work with democrats on those issues. That was another reason why we continue to see the momentum as we went throughout the afternoon. And then the third reason, neil, it tends to just take away and a layer of uncertainty with the u. S. A. G. Stepping down, seems like one more wild card is back in. Back to you. Shepard thanks very much, deidra. On the phone with us, alan dershowitz. On these developments in what you think is with the Rod Rosenstein visit to the white house today preplanned were told but what do you think . I think rosenstein stays. I think the white House Counsel and trumps lawyers want him to oversee the investigation and finish it. Then i think the crucial question is if theres a new attorney general in place and the new attorney general is confirmed by the senate, the big question is whether or not the report gets released publicly. That will be a decision that could be made by the new attorney general. It has nothing to do with overseeing the investigation. Its a policy decision. We dont know who the president will appoint. He doesnt have complete free reign. Theres enough republican senators that wouldnt let him appoint a crony that would assist the person appointed be of distinction and independence. So the president wants a loyal person in there. But theres limits to the loyalty that the senate will allow him to demand from an attorney general. So i think the big issue is whether the report gets released and that will very likely not be up to rosenstein but be up to the new attorney general. Neil would the acting attorney general, Matt Whitaker, would hi be a superior to rosenstein . He would be the one calling the shots, right . Technically. He would defer for several reasons. Number 1, he has his own possible recusal because of the oped he wrote but dont neil thats what Chuck Schumer wants. That is good enough for him. But you dont though think thats not . Not enough. But hes not going to want to take over the investigation. He will defer to Rod Rosenstein. But then when crucial decisions come up like whether or not the report is made public, he may want to weighin and actually take responsibility for making that decision. Neil was it your gut feeling that there was closure or that something was coming together in the mueller problem . There was talk that maybe within the next few weeks we were going to get the mueller findings. If that were the case, how does this complicate matters . I dont think it complicated matters very much at all. If theyre getting to closure. Everybody wants to see closure. President s lawyers wants closure, the American Public wants closure, probably rosenstein and mueller wants closure. Everybody is moving to a result before the new year. But if its not dramatic, what happens is there a report and its turned over to the attorney general and the attorney general then makes a decision whether to turn it over to congress. Congress if its turned over to congress, no matter what the rules are, it will leak. We know that. Probably wont leak if it stays within the Justice Department. Neil obviously the president s legal team knew about the timing. Youre a student of history and these types of cabinet firings or replacements are nothing unusual after midterms. This one in the middle of legal back and forth and the Mueller Probe what have you makes it a little bit more of a hot potato issue. How much more of one . Well, its a big issue. Remember, an acting attorney general is just that, acting. He will be replaced by somebody who has to be confirmed by the senate. That gives the senators, republicans obviously who control the senate, some say over who gets the job. Theres always a half a dozen senators and we saw that during the kavanaugh proceeding that are independent to the president. Its the president s party but there are limits to how far he can go. I think there will be some negotiation between those senators and the president as to who gets appointed. Neil real quickly, Rod Rosenstein arrives at the white house, whether this is regularly scheduled or not and they tell him Matt Whitaker is our acting a. G. , you are to report to him, what is to stop rosenstein from i is a saying i quit . He wont do that. He has a vested interest for this coming to closure. He would quit if the president said he couldnt do this or do that. Neil or ask for a Resignation Letter from him. Right. The president said earlier, hes not going to replace Rod Rosenstein. I think thats a decision that was made not only by the president but by his legal team as well. They may know something that we dont know. That is that rosenstein, all those hes been tough and all of that, you know, may in the end want to make sure that the report is a fair and balanced one. So if the president knows that and they want to avoid this appearance of the saturday night massacre, i think rosenstein stays until after the report. I think he will probably resign once the report is made public and of course the other thing is the president didnt appoint rosenstein to be the acting attorney general. He could have done that. He would have been the natural for the second person in command. But no, he went to the chief of stuff, which is a very unusual choice. The chief of staff is different. So thats very unusual. Neil alan, thank you. Alan dershowitz. This is more common than not for a president apartment a midterm or reelection with Richard Nixon, bill clinton, the bushes, they can clean through their staff. This has some added implications here whether the president intended that or not. Historian doug lieb here with us. This is not an unusual event. Maybe the nature and the timing given whats going on with the Mueller Probe is. Explain why thats not the case. Yeah, i worked for george h. W. Bush when he was president of the United States. After the midterm election, he fired his attorney general, dick thornburg. Its very common. This is this is the big leagues. You have to have your big boy pants on if you make a mistake or you hesitate, youre fired. This is a guy who is an executive, business executive. Hes doing to do that. Stop and think. Reagan, obama, clinton, all of them moved through four different chief of staffs. Bill clinton fired rob emanuel after one year. So no, this is not uncommon. Neil the president would be aware of the backdrop and this would look weird even though its welltelegraphed to your point. But other president s have dealt with things like that and moved on. So the shock here might be about what happened to some of these other entities, Matt Whitaker in a role, what happened to Rod Rosenstein as a deputy. Then it gets murkier. Yeah, but stop and think. Youre president of the United States and you dont have a Justice Department. How you going to run the country without a Justice Department . They are accountable to cnn. Thats not in the contusion. At some point, you have to run the country. You look at this last midterm. In the exit polls, they asked people why they voted. Healthcare was big, the economy and immigration was big, gun policy. And then there were 24 other issues that each were less than one percent why they voted. Nothing on russian collusion. After two years of billions of dollars of constant hyperventilating pundits on these other shows promoting russian collusion, nobody went to the ballot box and voted to correct what they believe was russian collusion. So no wonder the president calls it a hoax. He thinks it has to end. Theres a judiciary, a legislative branch. When can i get on with running the country. Neil doug, thanks very much. Fastmoving development. On the phone right now, former u. S. Attorney general, alberto gonzalez. What do you make of this . I guess in response to your last guest, the president is running the country as far as i can tell. The Russian Investigation is not preventing the president to do what he needs to do as president of the United States. It is true that changes get made in cabinet positions. The only reason were really talknt about this change is because of the russia investigation. Well see what happens. Im on record saying that we need to let it come to a conclusion. We need to find out everything we can about what russia did and who might have been involved. Ive been supportive of bob mueller and still am. Jeff sessions, we know in this position and i know in this position having been here, you serve at the pleasure of the president. When theres a time for a change, a change is made. Neil so the Rod Rosenstein visit to the white house that was preplanned or not, what do you think comes up there . What does someone like you look for . The most dire case, many say theyre worried about were going to fire you, ask you to resign and he doesnt. Others saying, no, no, just giving him an update on things if he doesnt know already. What do you think . Its not a constitutional crisis if he asks the deputy to step down. Thats clearly within the president s prerogative. He can do that. Obviously theres serious political consequences to doing that within his own party as to what the will happen in that conversation, i dont know. I dont know whether or not rod has the kind of relationship that he can talk to the president openly and ask, well, what happened here . What are your expectations Going Forward . You know, i dont know. Again, i know rod because he worked for me as one of my u. S. Attorneys. I dont know President Trump. I dont know how he deals with people and particular i dont know how he deals with people that work for him. You know, i would have to speculate but i dont know. Neil now, if he were fired, would that jar you . It would jar me because im not aware of any reason that he should be fired. Honestly, the president needs no reason to fire someone that works for him. So the president can do it just because he wants to do it. Given the political consequences and where we are with the russia probe and everything, yeah, it would be jarring if that were to happen. I have no reason to think that would happen. Well have to wait and see. Neil youve been very patient. Im curious. What did you make of Jeff Sessions<\/a> is resigning. Long before the president got anywhere near the east room for the press conference, john kelly called up Jeff Sessions<\/a> and told him again, probably one of the worst kept secrets in washington over the last few months, that the president wanted his resignation litter. We dont know if this was a Resignation Letter<\/a> that Jeff Sessions<\/a> had in his back pocket, sitting in his desk because it was updated. Jeff sessions sent the letter to the white house. Fox news through the great work of jake gibson at the department of justice was first with the news. We confirmed that Matt Whitaker<\/a> will be taking over as the acting attorney general while the president sought a permanent replacement for the attorney general. The president was asked about changes to the cabinet, specifically sessions. The president said asked me about that at a later date. We didnt know it would be 90 minutes later. The president talking about the Mueller Investigation<\/a> at that press conference saying its not his intension in any way to affect the ongoing process of the Mueller Investigation<\/a>. Listen here. I could have ended it at any time i wanted. I didnt. There was no collusion. There was no anything. I didnt. They went after hackers in moscow. They went after people with tax problems from years ago. They went after people with loans and other things. Nothing to do with my campaign. This is an investigation where many, many millions of dollars has been spent and theres no collusion. It was supposed to be on collusion. Theres no collusion. And i think its very bad for our country. I will tell you. I think its a shame. You heard the president there say he believes that mueller has strayed afield of his original mandate. Its interesting that Matt Whitaker<\/a> wrote an oped for cnn in which he said he believed that mueller had gone too far in the investigation. That was before he was named the chief of staff to Jeff Sessions<\/a>. As far as we know, neil, Rod Rosenstein<\/a>, the Deputy Attorney<\/a> general overseeing the Mueller Investigation<\/a> though it looks like whitaker could have the authority over that, calls from Chuck Schumer<\/a> for whitaker to recuse himself from that investigation. We dont know what the outcome of that will be. I talked with members of the president s legal team a short time ago who said as far as theyre concerned, Rod Rosenstein<\/a> is still running the Mueller Investigation<\/a> and they have not made a decision yet whether the president will submit written answers that they prepared for robert mueller. Fastmoving forry. Back to us in 30 second. We have more. Neil real quickly. Jerry nadler will talk over and had been concerned about the timing of this and wants answers were told. You mentioned Chuck Schumer<\/a> and nadler taking on these responsibilities. Obviously you said this was well telegraphed. The president had not hid his distaste for Jeff Sessions<\/a>. How much is this escalating with the new congress . We knew the president would make changes to his cabinet. The swiftness of sessions departure took people here at the white house by surprise. The fact that the president after about two hours sleep woke up and sent out a few tweets and told john kelly to ask for his resignation. Theres other names floating around, ryan zinke, the department of the interior, the Inspector General<\/a> has referred a matter regarding zinke in a land deal in montana to the department of justice. Wilbur ross has been talked about, the defense secretary teary has been talked about, james mattis. Theres more to come. Well keen an eye on it. Neil were watching separately outside the Justice Department<\/a>. We heard as well and you touched on it that Rod Rosenstein<\/a> has this visit to the white house, whether that was preplanned or not. I didnt hear your earlier comments. Do we know whether its being seriously considered that he will be asked to resign as well . As far as we know and ive been trying to nail down the topic of the meeting, this was a preplanned meeting. Rosenstein comes over two to three times a week and this is a coincidence that sessions resigns and Rod Rosenstein<\/a> comes over. I expect the topic will come up. Again, as far as we know, theres no change to the russia investigation. One of the reasons is the president s attorneys, rudy guliani and jay sekulow has said look, were getting close to the end. Dont do anything that will upset the apple cart and set us back to square one here. If the president were to have whitaker take over the entire investigation, that may be 1 of those things that upsets the apple cart. Thats why people inside and outside the white house dont appoint emmett flood because well have to bring in somebody else to work on the Mueller Investigation<\/a>. Thats why pat sippalone is coming in. The president s counsel saying lets getting close and keep things going and see how soon mueller has a report. If he doesnt come out in a report in the next few weeks, youll see pressure from the president s attorney on mueller to put up or shut up. Shepard no doubt well go back to you at least one more time, a couples times at the rate news is developing here. On the left of the screen outside the Justice Department<\/a>, on the right outside the white house where were making for Rod Rosenstein<\/a> to make a readily scheduled visit to the white house. Youll find in the middle of this back and forth in the Political Class<\/a> that were talking political crisis, constitutional crisis, another slowmoving i dont know massacre that occurred during Richard Nixons<\/a> time in the white house when one official as the other were fired. Its hardly anything like that to guys that buy and sell stocks. A lot of buying, a lot of relief. This has to do with the midterms that seemed to go according to consensus and better than the Financial Community<\/a> thought. Deidra bolton here to sort through it all. Deidra . If you look at the rally, todays post midterm rally is the best one since 1982, you have to go all the way back. So markets rising. They mostly do, neil. I went back and looked at data points since 1980. Theyre up around 1 close to midterm elections on average nor the week that those elections happen and up around 2 for the next 30 days. So this is historically consistent anyway with what weve seen. We also heard earlier from President Trump<\/a> speaking about working in a bipartisan way. He talked about infrastructure, he talked act healthcare, he talked about lowering drug prices and signals pretty strongly that he would be willing to work with democrats on those issues. That was another reason why we continue to see the momentum as we went throughout the afternoon. And then the third reason, neil, it tends to just take away and a layer of uncertainty with the u. S. A. G. Stepping down, seems like one more wild card is back in. Back to you. Shepard thanks very much, deidra. On the phone with us, alan dershowitz. On these developments in what you think is with the Rod Rosenstein<\/a> visit to the white house today preplanned were told but what do you think . I think rosenstein stays. I think the white House Counsel<\/a> and trumps lawyers want him to oversee the investigation and finish it. Then i think the crucial question is if theres a new attorney general in place and the new attorney general is confirmed by the senate, the big question is whether or not the report gets released publicly. That will be a decision that could be made by the new attorney general. It has nothing to do with overseeing the investigation. Its a policy decision. We dont know who the president will appoint. He doesnt have complete free reign. Theres enough republican senators that wouldnt let him appoint a crony that would assist the person appointed be of distinction and independence. So the president wants a loyal person in there. But theres limits to the loyalty that the senate will allow him to demand from an attorney general. So i think the big issue is whether the report gets released and that will very likely not be up to rosenstein but be up to the new attorney general. Neil would the acting attorney general, Matt Whitaker<\/a>, would hi be a superior to rosenstein . He would be the one calling the shots, right . Technically. He would defer for several reasons. Number 1, he has his own possible recusal because of the oped he wrote but dont neil thats what Chuck Schumer<\/a> wants. That is good enough for him. But you dont though think thats not . Not enough. But hes not going to want to take over the investigation. He will defer to Rod Rosenstein<\/a>. But then when crucial decisions come up like whether or not the report is made public, he may want to weighin and actually take responsibility for making that decision. Neil was it your gut feeling that there was closure or that something was coming together in the mueller problem . There was talk that maybe within the next few weeks we were going to get the mueller findings. If that were the case, how does this complicate matters . I dont think it complicated matters very much at all. If theyre getting to closure. Everybody wants to see closure. President s lawyers wants closure, the American Public<\/a> wants closure, probably rosenstein and mueller wants closure. Everybody is moving to a result before the new year. But if its not dramatic, what happens is there a report and its turned over to the attorney general and the attorney general then makes a decision whether to turn it over to congress. Congress if its turned over to congress, no matter what the rules are, it will leak. We know that. Probably wont leak if it stays within the Justice Department<\/a>. Neil obviously the president s legal team knew about the timing. Youre a student of history and these types of cabinet firings or replacements are nothing unusual after midterms. This one in the middle of legal back and forth and the Mueller Probe<\/a> what have you makes it a little bit more of a hot potato issue. How much more of one . Well, its a big issue. Remember, an acting attorney general is just that, acting. He will be replaced by somebody who has to be confirmed by the senate. That gives the senators, republicans obviously who control the senate, some say over who gets the job. Theres always a half a dozen senators and we saw that during the kavanaugh proceeding that are independent to the president. Its the president s party but there are limits to how far he can go. I think there will be some negotiation between those senators and the president as to who gets appointed. Neil real quickly, Rod Rosenstein<\/a> arrives at the white house, whether this is regularly scheduled or not and they tell him Matt Whitaker<\/a> is our acting a. G. , you are to report to him, what is to stop rosenstein from i is a saying i quit . He wont do that. He has a vested interest for this coming to closure. He would quit if the president said he couldnt do this or do that. Neil or ask for a Resignation Letter<\/a> from him. Right. The president said earlier, hes not going to replace Rod Rosenstein<\/a>. I think thats a decision that was made not only by the president but by his legal team as well. They may know something that we dont know. That is that rosenstein, all those hes been tough and all of that, you know, may in the end want to make sure that the report is a fair and balanced one. So if the president knows that and they want to avoid this appearance of the saturday night massacre, i think rosenstein stays until after the report. I think he will probably resign once the report is made public and of course the other thing is the president didnt appoint rosenstein to be the acting attorney general. He could have done that. He would have been the natural for the second person in command. But no, he went to the chief of stuff, which is a very unusual choice. The chief of staff is different. So thats very unusual. Neil alan, thank you. Alan dershowitz. This is more common than not for a president apartment a midterm or reelection with Richard Nixon<\/a>, bill clinton, the bushes, they can clean through their staff. This has some added implications here whether the president intended that or not. Historian doug lieb here with us. This is not an unusual event. Maybe the nature and the timing given whats going on with the Mueller Probe<\/a> is. Explain why thats not the case. Yeah, i worked for george h. W. Bush when he was president of the United States<\/a>. After the midterm election, he fired his attorney general, dick thornburg. Its very common. This is this is the big leagues. You have to have your big boy pants on if you make a mistake or you hesitate, youre fired. This is a guy who is an executive, business executive. Hes doing to do that. Stop and think. Reagan, obama, clinton, all of them moved through four different chief of staffs. Bill clinton fired rob emanuel after one year. So no, this is not uncommon. Neil the president would be aware of the backdrop and this would look weird even though its welltelegraphed to your point. But other president s have dealt with things like that and moved on. So the shock here might be about what happened to some of these other entities, Matt Whitaker<\/a> in a role, what happened to Rod Rosenstein<\/a> as a deputy. Then it gets murkier. Yeah, but stop and think. Youre president of the United States<\/a> and you dont have a Justice Department<\/a>. How you going to run the country without a Justice Department<\/a> . They are accountable to cnn. Thats not in the contusion. At some point, you have to run the country. You look at this last midterm. In the exit polls, they asked people why they voted. Healthcare was big, the economy and immigration was big, gun policy. And then there were 24 other issues that each were less than one percent why they voted. Nothing on russian collusion. After two years of billions of dollars of constant hyperventilating pundits on these other shows promoting russian collusion, nobody went to the ballot box and voted to correct what they believe was russian collusion. So no wonder the president calls it a hoax. He thinks it has to end. Theres a judiciary, a legislative branch. When can i get on with running the country. Neil doug, thanks very much. Fastmoving development. On the phone right now, former u. S. Attorney general, alberto gonzalez. What do you make of this . I guess in response to your last guest, the president is running the country as far as i can tell. The Russian Investigation<\/a> is not preventing the president to do what he needs to do as president of the United States<\/a>. It is true that changes get made in cabinet positions. The only reason were really talknt about this change is because of the russia investigation. Well see what happens. Im on record saying that we need to let it come to a conclusion. We need to find out everything we can about what russia did and who might have been involved. Ive been supportive of bob mueller and still am. Jeff sessions, we know in this position and i know in this position having been here, you serve at the pleasure of the president. When theres a time for a change, a change is made. Neil so the Rod Rosenstein<\/a> visit to the white house that was preplanned or not, what do you think comes up there . What does someone like you look for . The most dire case, many say theyre worried about were going to fire you, ask you to resign and he doesnt. Others saying, no, no, just giving him an update on things if he doesnt know already. What do you think . Its not a constitutional crisis if he asks the deputy to step down. Thats clearly within the president s prerogative. He can do that. Obviously theres serious political consequences to doing that within his own party as to what the will happen in that conversation, i dont know. I dont know whether or not rod has the kind of relationship that he can talk to the president openly and ask, well, what happened here . What are your expectations Going Forward<\/a> . You know, i dont know. Again, i know rod because he worked for me as one of my u. S. Attorneys. I dont know President Trump<\/a>. I dont know how he deals with people and particular i dont know how he deals with people that work for him. You know, i would have to speculate but i dont know. Neil now, if he were fired, would that jar you . It would jar me because im not aware of any reason that he should be fired. Honestly, the president needs no reason to fire someone that works for him. So the president can do it just because he wants to do it. Given the political consequences and where we are with the russia probe and everything, yeah, it would be jarring if that were to happen. I have no reason to think that would happen. Well have to wait and see. Neil youve been very patient. Im curious. What did you make of Chuck Schumer<\/a> saying to whitaker he should recuse himself . At lot of dustup over the editorial talking about dismissing the investigation altogether. The guy should recuse himself already. He said i need a lot of answers to a lot of questions. You can see how this is politically escalating. What do you make of that . First of all, im surprised at the acting. Typically its something that has been confirmed. You know, theres a lot of season and and experienced individuals at the department of justice. They have to have confidence with the person at the top. I dont know Matt Whitaker<\/a>. I dont know his background. I know he doesnt hes in the confirmed position. Its surprising to me. As to whether or not he should recuse himself, what he needs to do is have a conversation with the career folks in the department, lay out the facts and let them advise him, let them recommend to him whether or not hi should recuse himself. I dont care what Chuck Schumer<\/a> says. Listen to the career individuals at the department. If they say recuse like they said to Jeff Sessions<\/a>, he should recuse himself. Neil thanks, attorney general. Very good chatting. Thanks for having him. Neil ken starr is here with us. He created his own waving saying from what he had seen the president had not committed anything close to an Impeachable Offense<\/a> before all of these other developments, although they would change that view. Good to see you. Good to see you. Neil what do you make of the developments today . The president is free to hire and fire any cabinet. People are looking at the timing. It was welltelegraphed. What are your thoughts . Its a very interesting order of succession. Rod rosenstein is the duly confirmed Deputy Attorney<\/a> general of the United States<\/a>. So naturally follows he would be the acting attorney general. Neil but thats not happening. I know. But there will be some issued raised about that. That is the order of succession. Neil what do you mean i think my point is, theres going to be a lot of questions. Why. Why would you go outside the regular order . President trump has shown a willingness to go outside the regular order. Heres a key fact. For all of his abilities, i met him, i dont know him well, be mr. Whitaker has not faced questions before the Senate Judiciary<\/a> committee with respect to issues broadly affecting the administration of justice. He was duly confirmed a United States<\/a> attorney and a very important position as judge gonzalez was saying. So theres no doubt about his qualifications. So we are have here a genuine issue with respect to accountability. Im not saying its beyond the president s power. But when, for example, theres a saturday night massacre years ago and they talk about this in my book, so elliot richardson, the attorney general resigns. Bob vork becomes the attorney general of the United States<\/a>. The acting attorney general. Neil and that spiralled out of control and got crazy. This is just hypothetical. You can ignore it. You deal with a lot of crazy questions. But im wondering if rosenstein is not to happy hes the logical even acting replacement until they have a permanent replacement and whitaker moves to the front of the line. What if he were to say, ken, im out of here . Then we have instability in the department. Thats the other dimension. Todays story as well, how did this happen, et cetera, the questions being raised will have to be answered including in confirmation hearings in the fullness of time. The department of Justice Needs<\/a> stability. So anything that does not promote the stability of the department so that the department can go about its important work, the thousands of men and women that serve very well, im concerned. I want to see the department, which i love. I had two tours of duty there. I want to see the department do very well and i hope it will with this changing of the guard. What was interesting, i ran into the Resignation Letter<\/a> on the part of Jeff Sessions<\/a>, he made it clear this was not a volunteer effort. You know, he made it clear the president asked him to do this. Yes. I like Jeff Sessions<\/a> very much. Ive known him since he was a United States<\/a> attorney in mobile, alabama. This is his dream job. Neil and youre very old. Not as old as i look. But every lawyer who serves in the Justice Department<\/a> has this deep respect for the attorney generalship. Its as old as the republic. Edmond randolph, the first attorney general, through some ups and downs. So its a venerated position that people in the department respect and want to respect and admire the attorney general even though they dont agree with the policies. Its one of the great anchors of the rule of law. So the other issue that will come out with respect to integrity of mr. Whitaker and his relationship with the president of the u. S. Theres nothing wrong with my view that the president knows him and the president thinks well of him. With that. History shows Robert Kennedys<\/a> Outstanding Service<\/a> under his brother, john and john kennedy says he needs to get some experience before he goes out and practices law. So that was one thing neil i think the president s father was pushing for that. The point is confidence. The president needs confidence in the attorney general. The Department Needs<\/a> confidence in the integrity of the attorney general. Neil being a former senator, Jeff Sessions<\/a> has a lot of friends. Chuck grassley among them. He said Jeff Sessions<\/a> is a dedicated Public Servant<\/a> and i served with him for 20 years. His leadership as attorney general are admirable. Jeff deserves the thanks of the nation for service. Im grateful for his valued friendship over the years. Others have gone on to say whatever you make of the timing of this is that something more potentially sinister afoot. That is the Mueller Investigation<\/a> potentially wrapping up. This is a way to force either that report or to force something else. What do you think . Dont read too much into it. Its clear that jeff was on his way out the door. Attorney general sessions was on his way out the door. Everyone recognized that. So the timing. I expected it. I expected it promptly. Neil everybody did. I didnt know in it would be today but i know i dont have your confidence, this is the time to step down. People can overread these kinds of situations neil i told you about Chuck Schumer<\/a> saying whitaker should recuse himself. Matt will work hard and make us proud. The Justice Department<\/a> is in good hands during this time of transition. Two quick questions. His view of that doesnt jive with many other democrats. The fact that the time of transition. How long would that time be . Its up to the president and the senate. When does the president intend . Is he sending the nomination up and well have a confirmation . Its important to be a duly confirmed attorney general of the United States<\/a>. I have not heard that statement. Its terrific that chairman grassley has confidence in him. The one thing you can take to bank is senator Charles Grassley<\/a> is a person of integrity. He will insist the attorney general to turn square corners a and do it right. The country has to have confidence that the Justice Department<\/a> is doing it the right way. Obviously you said before this, you had not seen anything to your knowledge that looked close to an Impeachable Offense<\/a> how would you now . Youre right. I have not seen. Youre asking the right question. How do i know . I know that is in the Public Domain<\/a> and neil i always here people talking about oh, we certainly would have heard something or somebody would have leaked out. We recognize all three branches but the Justice Department<\/a> and bob mueller and the intelligence committees, they know things that dont leak out. I have much more confidence in the operations of government than the average cynical person that says nothing works. Things work remarkably well by my limited lights of being around washington for 40 years. Neil and you know what its like to be a prosecutor in the ill he of the glare and whats going on and the rap act these type of investigations is they wander far from their intended target. What started with bill clinton, looking to real estate transactions ended up being about lying with an intern. Its a bum rap. It is. Its a totally bum rap. Theres checks in place. Rod rosenstein had to approve what bob mueller did vis a vis paul manafort. Neil the president says this gets out of hand and its a witch hunt and going far afield and he field targeted and abused. Every president feels that way. Theres lot of witch hunts apparently in our history. Yet so many of the socalled witch hunts end up bearing fruit. Namely there were violations of the law. So i understand the president s strong feelings. I was accused of leading a witch hunt. Neil i remember. You do. Youre not old enough but in any event, theres positions and policies in place including during my tenure, i wrote a book called contempt. The book said what the American People<\/a> didnt quite get, the lewinsky face was authorizedpy janet reno. Neil and things lead to where they lead. We have more coming up here. Waiting to hear from Jeff Sessions<\/a>, is a much going on. More after this. To your goals and needs. Some only call when they have something to sell. Fisher calls regularly so you stay informed. And while some advisors are happy to earn commissions whether you do well or not. Fisher investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. You may be at increased risk for Pneumococcal Pneumonia<\/a>, a potentially serious bacterial lung disease that can disrupt your life for weeks. In severe cases, Pneumococcal Pneumonia<\/a> can put you in the hospital. It may take weeks to recover making you miss out on the things you enjoy most. Just one dose of the prevnar 13\u00ae vaccine can help protect you from Pneumococcal Pneumonia<\/a>. Its not a yearly shot. Prevnar 13\u00ae is approved for adults to help prevent infections from 13 strains of the bacteria that cause Pneumococcal Pneumonia<\/a>. Dont get prevnar 13\u00ae if you have had a severe allergic reaction to the vaccine or its ingredients. Adults with weakened immune systems may have a lower response to the vaccine. The most common side effects were pain, redness and swelling at the injection site, limited arm movement, fatigue, headache, muscle pain, joint pain, less appetite, vomiting, fever, chills, and rash. Prevention begins with prevnar 13\u00ae. Ask your doctor or pharmacist about prevnar 13\u00ae. Dont you get the one of those travel sites . They tell you that, but when you book at hilton. Com, you get the price match guarantee. So if you find your room at a lower rate, hilton is like. Were gonna match that rate and give you an extra 25 off. What would travel sites do if you found a better price . Thats not my problem, its your problem. Get outta here whoa, i really felt that performance. Its just acting, im really good at it. Book at hilton. Com and get the hilton price match guarantee. If you find a lower rate, we match it and give you 25 off that stay. Neil were still waiting to hear from Jeff Sessions<\/a> leaving if Justice Department<\/a>. Were waiting to get any confirmation on Rod Rosenstein<\/a>, the acting Deputy Attorney<\/a> general where he is, presumably at the white house. More after this. Feedback that helps you drive safer. And that can lower your cost now that you know the truth. Are you in good hands . You might or joints. Hing for your heart. But do you take something for your brain. With an ingredient originally discovered in jellyfish, prevagen has been shown in Clinical Trials<\/a> to improve shortterm memory. Prevagen. Healthier brain. Better life. Neil all right. This whole saga unfolding in washington d. C. Catherine herridge has more about our officials leaving and coming in. Were waiting for the foreman attorney general Jeff Sessions<\/a> to leave his office for the last time and for his former Deputy Attorney<\/a> general, Rod Rosenstein<\/a>, to arrive at the white house for what was described as a prescheduled meeting. Prior to the midterms, my contacts said if the senate expanded for the republicans, the president would move fast. So this morning, there was the call from john kelly asking Jeff Sessions<\/a> to resign. He tendered this la ee eed this onepage letter where he thanked the opportunity to serve and highlighted significant accomplishments when he was attorney general, from more aggressive Immigration Enforcement<\/a> and the Opioid Crisis<\/a> and he concluded by saying he thought it was a tremendous privilege to serve under the president. We now think having an attorney general, Matt Whitaker<\/a>. This is not a household name. He was serving as chief of staff for Jeff Sessions<\/a>. He was a u. S. Attorney. My contacts say that he has behind the scenes pointed to the declassification of the russia records that are specific to the surveillance warrant that was obtained in october of 2016 for a Trump Campaign<\/a> aide. Significantly today at the News Conference<\/a> with reporters, the president indicated that those records could be public soon. Its amazing how people on the other side dont want those documents released. My contacts in the Justice Department<\/a> and former people with the fbi have all of this concern act the facts that they had a twoyear period where theres not been an attorney general in firm control of the department. That began with Loretta Lynch<\/a> in the summer of 2016 when she recueded herself from the clinton email investigation and Jeff Sessions<\/a> recused himself from the probe over the contacts with the russian ambassador. As a final point, every time weve seen Jeff Sessions<\/a> at the Justice Department<\/a> at the announcements, whether its the opioid or immigration, hes always, if i could use this, really classy even though he was under a lot of criticism from the president and others and seemed committed to the mission and that was reflected in the letter to president today. Neil he always wanted that job. He got it. Neil he did. Now he doesnt. Maybe not on the terms he expected. Neil chad pergram on capitol hill. With a new congress coming in, a bunch of new sheriffs for the key committees in the house, including nadler that will be taking over the Judiciary Committee<\/a> and others that have questions they want asked. And jerry nadler signalled that in a tweet. He will be the chair of the Judiciary Committee<\/a> in the congress. This will be a fine line that democrats and the house of representatives will have to walk. The incoming speaker of the house, nancy pelosi said she wouldnt have scattered freelancing investigations. She said that before the session news broke. A lot of people on the republican side predicted that the democrats would get their hooks in the administration. Heres another thing. Congress comes back next week, the First Time Since<\/a> the midterms. The midterms are about protecting bob mueller. Theres Bipartisan Legislation<\/a> in both the house and the senate. Tom tillis from north carolina, cory booker from new jersey will protect mueller. Theres pressure to try to move this in the lame duck session. This will be a top priority of House Democrats<\/a> when they come up. Heres a statement from Chuck Schumer<\/a>. He said if they were to get rid of bob mueller here, it would create a constitutional crisis and especially in the departure of Jeff Sessions<\/a> were a prelude to ending the mueller problem. Richard blumenthal from the Judiciary Committee<\/a>, he called this, neil, a breaktheglass moment. Neil thanks, buddy very much. Lets go to the outgoing house judiciary member, congressman darrell issa. We talked about jerry nadler stepping in soon. Already, theyre raising the red flags. Are you . The challenge is that legitimate oversight is the obligation of congress. Unfortunately incoming chairman jerry nadler has a longstanding grudge with the president. Hes made it clear impeachment is a goal. That makes his investigation suspect. Theres no question at all as a longtime investigator, congress has a role and this administration has and needs to even more provide cooperation with legitimate inquiries for the interest of congress in its oversight role. Im hopeful the administration will do it. Certainly the million documents and white House Counsel<\/a> being produced is a good example of cooperati cooperation. Was there when bush lost control. Neil theyre making a big issue that the president will try to do something to mueller. Either discredit or even push for his firing. That would not appear to be the case but they want to guarantee he cant do that. Ive seen some of the legislation. The reality is that if mueller cannot come up with a single indictable event that went on in this administration during the campaign by any of its highranking people in the next few months, then his campaign to look for it should end. Two years is a long time neil and we are told something will come up soon and the timing is odd. The timing after the election is one 0 the appropriate things to come up. They did indictments last minute of two members of congress. Doing it after the election would be appropriate. If that had somebody that did something wrong working on the the president , great. Bring it forward. Up until now, every one of these indictments has been completely outside his mandate. Thats one of the areas that is frustrating. Do we want to protect mueller if he has that and hes going after it . Of course. At the same time, you dont have a special prosecutor to look for a crime. I dont know yours or anyone elses private lives but very few people have never done anything wrong, including jay walked. So if you put something on someone long enough and you tell them just to go look for something, eventually theyll find something on somebody. Neil the president has always called this a witch hunt. It is but is it in your eyes that . It is a false narrative created by Hillary Clinton<\/a> and the dnc that lead to an investigation that is looking for a crime alleged in that false dossier. So it just because it was a false dossier doesnt mean something didnt happen but at the same time, the case, the legitimacy of this investigation and special counsel was created by what we now know are discredited documents. Its time to wrap it up or come up with something that shows that it was never just Hillary Clinton<\/a> and the dnc producing neil and now theres new sheriffs in town. I know you stepped down. Your district is split. But im wondering, what is it going to be like the next couple years with democrats in charge of these key committees, in charge of the house . As close as the final figures were, its a democratic house. I was a Ranking Member<\/a> the last time we were in this position. I know what its like to be a chairman and i know what its like to be a Ranking Member<\/a> and try to hold the chairman to do what they should do. Theres plenty we have 74 Inspector General<\/a>s that are just teaming with things that go wrong in any administration. Neil youre thinking were going to see a lot of investigations, subpoenas and on and on. I would think the first thing the incoming chairman would do is look for the waste, fraud and abuse that exists in government and go after that. Henry waxman found out that we had flown countless millions of dollars wort of 20 bills to iraq and lost track of them. Cash that disappeared. Those kinds of things are part of congresss oversight. So there there be legitimate oversight. Ranking members now republicans have to support that on the bipartisan basis. There will be clear witch hunt. There will be attempts to smear the administration and the minority has to step up to the plate and call those balls and strikes so the public understands that republicans have to be for making sure that waste, fraud and abuse is taken on. Because it happens in every administration. At the same time, theyve got to be the ones that say well protect if you will the administration against unnecessary an very expensive intrusions into their prerogatives to work with this bureaucracy to make it work better for the American People<\/a>. Neil you think its going to be crazy for the next couple years . Out of the election, the president said we did better than most administrations and the first midterms and the republicans did gain more seats in the senate. But its not going to be a cumbaya washington. No, its not going to be a cumbaya washington. It hasnt been since people said that president bush was appointed. As someone like you looks at business more often than politics, the market made a statement today. The market made a statement. Neil i agree with that. The statement was strong neil they were panicked about a constitutional crisis, they wouldnt have done what they did. And i believe neil the market is telling you this wouldnt develop into one. What do you think the gut read is . You think it right . I think their gut read that you can create investigations in the house and some are appropriate and the senate will be that cooling saucer that was described historically that is not going to let unreasonable things from the house spill over into legislation. That will be a big part of it that you can pass anything out of the house by simply ordering your party to vote that way, but senators arent of either party are not willing to take what comes from the house and rubber stamp it. I think the split congress is one where the markets are quite happy. I think theyre also happy that nancy pelosi doesnt have some huge majority where he can run rough shot. In fact, theres people like Collin Peterson<\/a> and other moderate democrats that quite frankly are not thrilled to walk a plank for nancy pelosi. Neil real quickly, were told, chairman, that Rod Rosenstein<\/a> has left the white house. We dont know what happened there. But this was apparently a prearranged meeting. If he wasnt fired or asked to resign, what do you think it was about . Well, you know, i would hope that he understands he has a new boss neil wouldnt he be offended that he is the acting deputy hes the deputy. Neil youd think he moves up. Clearly theres a conflict. Hes been overseeing the Mueller Investigation<\/a>. If he continues to have the daytoday responsibility for that neil Chuck Schumer<\/a> says its a conflict. Whitaker probably has no conflict. To be honest, now we know what we know about the investigation, the reality is attorney general sessions didnt have a conflict but he erred on the side of being very ethical. If the president said youre going to continue to do this job but you have a new boss, who can look over your shoulder to make sure youre doing what is right, maybe he should walk away saying i didnt get fired, i did get an opportunity to continue doing the job, but unlike Jeff Sessions<\/a>, i have somebody that will take a more personal interest to make sure the is are dotted and the ts are crossed. Neil chairman, good luck in your next endeavor. I look forward to life in the private sector or wherever im taken. Neil Rod Rosenstein<\/a> has left the white house. Were still waiting to see outside the Justice Department<\/a> where Jeff Sessions<\/a> is or whether he will leave or talk to the press. A busy day. Again, as i pointed out, this is not unusual after a midterm for a president to make personnel changes. Maybe this particular one at this particular time raises eyebrows. More after this. I cant believe it. That grandpas nose is performing flight of the bumblebee . No, you goof. I cant believe how easy it was to save hundreds of dollars on my Car Insurance<\/a> with geico. Nice. I know, right . [nose plays a jazzy saxophone tune] believe it. Geico could save you 15 or more on Car Insurance<\/a>. Of every great meal is always the potato . T bite thats why it should always be an idaho potato. Only genuine idaho potatoes have the perfect taste and texture to get your meal started right. If his denture can cope with. A steak. Luckily for him, he uses super poligrip. It helps give him 65 more chewing power. Leaving brad to dig in and enjoy. Super poligrip. Neil with all this craziness today, stocks were up, 545 points. Whats going on . What happened . I think the markets were relieved today because the big surprise was there was no big surprise. This time, the poles were indicative of what happened. We didnt get a resounding move in one direction or the other in the markets. Neil i think youre right. Melissa, is this whats real now, markets going up, stabilizing, not selling at the slightest sort of volatile sign . Versus doing just the opposite little more than two weeks ago . Its a great sign for the market today. This is more than a relief rally. Its real buying. Institutional buying. The market broke out. In the morning, we broke out around lunchtime and we are up in the afternoon. This is finally what we wanted to see. We got more than 50 over the selloff from october and we are over the hump. This is a great sign. I thought it would happen with the earnings but the earnings in the last two weeks didnt report well. Apple, amazon, google. Neil you would think that wouldve scared them a little bit. We were just watching Rod Rosenstein<\/a> leaving the white house. We dont know what transpired there. It doesnt look like he quit or was asked to quit. Whatever concern there might have been, will know the details soon. He didnt materialize. People invariably start doing the Richard Nixon<\/a> comparison. Craziness ensues. Markets dont seem to think thats whats going on. Definitely not in the shortterm. I think there was something for every body today. A lot of money building up on the sidelines with the weakness recently and that money, whether it was democrats or republicans, didnt want something bad to happen. It didnt happen because everybody got something in the money is coming back. There is definitely science there are some areas that might be under increased scrutiny. It was his precious that wells fargo wasnt hot today it was suspicious. Thats lowhanging fruit they could get picked up by a newly emboldened congress. Everything was locked down for the first couple years of trauma. The market was up today more than doubled and when trump won. Theres not going to be a repeal of obamacare. Construction stocks were hot. Maybe there will be deals in the infrastructure. There is not going to be more tax cuts making us go broke. I think everybody saw something. Oil has been weak. Its a little suspicious, may be because congress is in charge of sanctions more. I dont know where thats going. It could derail it quick. Neil the debt seems to inexorably pile up. I know the history and lore of the markets. Do you think it will hold . I think this time things actually are different. What really worries me is when i look across at europe, we have a real existential crisis going on in 2019 in europe between whats happening with brexit and in italy, theres a lot of tension they could do some serious damage to the eurozone. If that happens, that could put pressure on the u. S. Dollar up words which would be difficult for those u. S. Companies that generate a lot of their revenue overseas. And you also have china and the Banking Sector<\/a> looks like a massive house of cards. If we see a problem there, theres no way it doesnt affect the rest of the world. While the markets tend to like to see a government divided because not a whole lot of craziness goes on, if we have some really big problems that happen outside the u. S. , im not sure the markets are going to be confident this government will be able to Work Together<\/a> and handle it well. Neil melissa, what do you think . I think the market is going to move forward. It doesnt matter what happens necessarily in europe. I think the market is fundamentally strong in the economy is strong. We need to keep moving in the right direction. We saw the current tax cuts in place. What would be bad for the market is if we dont resolve the issues with china trade war going on. If that drags on into 2019, i think it will be bad for the markets. Otherwise im bullish on the market and i think if the democrats try to impeach drum, that would be bad. Impeachment bad. No impeachment, good. Neil they dont like crises. Jonas, how do you guide investors about the next few days . I wouldnt get too excited. There is an overhanging problem going on in tech stocks. I am saying going more broad. I think our dollar you can do better and whats been legging for years. We have been beaten in the World Economy<\/a> for a very long time. Neil thank you. Sorry for the truncated time. Letting you know, markets up and right now Rod Rosenstein<\/a> a few moments ago leaving the white house. All good, we are told. No one getting fired are being asked to quit, we are also told. The five is now. Jesse im Jesse Watters<\/a> with martha maccallum, Juan Williams<\/a> Juan Williams<\/a>, dana perino and greg gutfeld. Its 5 00 in new york city and this is the five. Fox news alert. A lot of breaking news to tell you about. Attorney general Jeff Sessions<\/a> resigning at President Trump<\/a>s request. The president already naming sessions chief of staff Matthew Whitaker<\/a> is acting attorney general. Sources telling fox news whitaker is in charge of everything at the doj, including the Russian Investigation<\/a>. This resignation follows President Trump<\/a>s News Conference<\/a> today where","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia600704.us.archive.org\/25\/items\/FOXNEWSW_20181107_210000_Your_World_With_Neil_Cavuto\/FOXNEWSW_20181107_210000_Your_World_With_Neil_Cavuto.thumbs\/FOXNEWSW_20181107_210000_Your_World_With_Neil_Cavuto_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240617T12:35:10+00:00"}