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Detailed text transcripts for TV channel - CNN - 20181224:18:32:00

two other important numbers to remember today. december 27th, thursday. that s when the senate comes back. january 3rd, that s the day the new congress is seated. joining me now to discuss, former republican congressman and current cnn political commentator charlie dent. congressman, great to see you. you ve seen your fair share of shutdowns. and i m just talking about this year. does this shutdown seem different than others? yeah, this one does. i think there s a because of the president s erratic behavior, this shutdown in my view is completely unnecessary. the appropriations process actually had moved pretty well this year. five of the 12 bills were already signed into law in september. and the seven remaining six are teed up, ready to go, they could pass those today if they wanted to. the fight is over the homeland security appropriations bill, over the wall funding. all they need to do is punt that bill into the new year and do the other six now, and problem ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:00:00

Weary about what s coming next. and, you know, i think bob corker is probably one of the few not only is he speaking out but he likes to talk about this. more to say in the weeks ahead, of course. the dow is down over 600 points. keep watching as developments continue throughout the day. thanks for joining us on inside politics. kate bolduan starts right now. hello, everyone, i m kate bolduan in for brianna today. we start with a big lump of coal for investors and the u.s. economy. markets closing just moments ago. the dow is down another 639 points at this moment. today s tumble comes on the heels of the worst week since the 2008 financial crisis. the president s reaction, pointing the finger at a familiar target of his, the central bank, tweeting today that the only problem that the economy has is the fed. cnn business correspondent ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:01:00

Alison kosik is at the stock exchange with much more on this. alison, is president trump directly affecting the markets with what he s talking about here? reporter: i ll tell you this much, kate, president trump certainly not instilling any confidence in the stock market. first you heard that report over the weekend where the president questioned if he has the legal authority to fire jay powell because he blames the fed chair for the market meltdown. and the tweet you just showed a short time ago, blaming the fed, that actually caused the dow to accelerate its losses. it made the shortened trading session today anything but sweet. then you had treasury secretary steve mnuchin s phone call to big bank ceos over the weekend, that didn t hit the market in a friendly fashion either, proof of that are the red arrows and the dow closing at its lowest level since september of last year. a source family with these calls told cnn that these ceos were totally baffled by the move that came out ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:06:00

He will have to deal with nato, america s military allies, keep a close eye on america s military adversaries, and be the one who has to carry out whatever mr. trump may order next regarding american troops. and issues like north korea, for example. it will be up to shanahan. he may find himself in a much more touchy situation with the president than he has so far. especially when you lay it out like that, barbara, this next defense secretary is going to have huge questions and jobs, tasks, advice he or she will need to give the president in the coming year. it s a really critical time. thank you, barbara. reporter: sure. joining me to discuss this is democratic congressman from california, john garamendi. merry christmas, kate. thank you, you as well. you sit on the armed services committee, this is an issue near and dear to your heart. the president pushing mattis ....

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Detailed text transcripts for TV channel - CNN - 20181224:18:07:00

Out, after hearing praise for mattis and getting a better idea what his resignation letter actual said i wily said. your reaction to mattis resignation isn t even appropriate for tv, when manu raju called you on the hill. the problem becomes much worse. the transition that mattis knew was so necessary, isn t going to happen. and it s just i don t know, this president seems to be beyond understanding, or maybe he is easy to understand. he wouldn t allow mattis to resign. instead he wanted to fire mattis, which he did, but in doing so he creates even greater chaos. you had a segment about the stock market. the one thing the market really dislikes is uncertainty. and the chaos of this presidency is the ultimate uncertainty. you see that in syria, you see ....

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