At this point, i am surprised that jessica has any hair. Shes pulling it out. The icebergs would melt and nothing has happened. Look at what happens during these president ial scandals. During the clintonwhiskey, the market went up and it went down during the nixon impeachment brouhaha but that was because everyone thought the entire democracy was on the cusp. Now, people realize that yes, trump may have been naive, yes, maybe he thought he was dealing with someone that couldnt handle his backslapping and stuff like that and he underestimated comey but even if the very worst happened, the very, very worst and theres a part that 1 chance that trump got impeached to you what the market would say, we had plans, we still have congress and life moves on. This is a big nothing burger out there as much as the liberals wanted to meet their its why the market has responded positively. Dagen i also look at much Smaller Companies hitting a alltime high on friday. If you look at a gauge of how much people are nervous, they say that ten and a half year low. Yeah, gary is right. This is a nonevent. I went to the last 400, 394 years to be exact to the 6023 cash after the 30 year war since the day of stock market crashes, bull markets and economy crashes. One of three things it was either some type of economic event like a default, a bubble bursting or it was some type of invasion or attack that later were followed. Then i went through the president ial scandals, the big one, not Warren G Harding losing a poker game but the president being impeached like andrew johnson, during that time the market stalled for only a short time and was up 6 in the following months. Same thing happened with president clinton was impeached and during that irancontra, watergate scandal had nothing to do with president nixon as far as the economy they had to do with the arab oil embargo. This is a nonevent. President ial scandals have viewed traditionally and historically no effect on the market. Dagen emily, is the market indeed telling the country not to worry about what happened in washington with this investigation . Investors care about the tribe economic agenda unless something comes out of the Russian Investigation is going to hamper his agenda, then, really, it doesnt matter as far as the market are concerned. What will impact were sold in the Russian Investigation is divisions within the republican party. Thats what investors should really be worried about. The Russian Investigation just keep hearing things already confirmed that consisting narrative and nothing is game changing. That will continue to see in the markets. Dagen you didnt see the nasdaq hitting an alltime high early on friday but then you saw the bottom fallout and some of these really top performers facebook, amazon, google, apple and microsoft were all really weak. Is that a sign of things to come . Is they blew through a thousand dollars a share recently. Thats really the story. The stock market is transcended the trumpet bump, so to say. It was driven by that early on, the optimism about tax policy changes, regulatory changes which weve seen some of but not getting more which was the expectation. I think the market thanks trump is in a slump and is not going to pass any of this stuff. They dont care any more than the late 90s market which is if you recall, was extremely hot would care about clinton policy which may or may not happen because of the scandal he was involved in. It became its own momentum driven situation where investors are in and included but it wont have anything to do with this other scandal which i dont want to downplay the sensationalism of it but i think the market is beyond it right now. At the end of the day, does it seem nixonian . It doesnt have the correctness just make it seems more like trumpet treats call me like he is the head of security. Hes not a politician and hes not like nixon and he doesnt understand how things work at his age and government and it will lead to problems. It could stop the policies from happening and that will play. It doesnt matter, anymore, i think. Dagen jessica, if you look at the stock market as a gauge of concerns, there was none. No, certainly not. We have seen ups and downs but there was that trump bump and that bump when it looked like hillary would when and that was the hillary stabilization factor but a special shout out to john with that incredible research for you put me to shame. All i wanted to add was to say that what i looked at the acting political scandals are historically overblown and that basically people want to write articles say, look, at this volatility and the next day they say we stabilize because of the issue. Emilys point, we agree that if the agenda is able to advance and it is republican standing in the way that they are discussing tax reform which is a complete impossibility, we should be able to stay pretty stable as well, this russia thing is not a nothing burger as gary pointed out. Dagen to challenge jessica over here, the dow is up 60 since election day and thats not just a little bump. A lot of going on in washington, even outside of what congress is doing, in terms of trying to make it easier to do business. Rolling back regulations, the energy business, dodd frank rollback, the house passed that this week even in the middle of this comey nonsense. You are right. There is still a lot of good things to come. I feel bad for jessica, honestly. I feel like her spirit has been broken and she wants to come. I feel badly for her. Heres the thing, at the end of the day these nothing burgers and they are nothing burgers. Heres what i did during the comey test with. I watched a little bit, then i went to my computer and i ordered stuff from amazon. That night i fired up netflix and watched something silly. People say, yes, its in the background but they go about their daily lives. Nothing is going to come of this. I can almost guarantee other than comey will look sillier and sillier like the new york times. People will go back to business and amazon will go up just like netflix and facebook and all those other things. This very positive for the market right now. Dagen to jump and not about my happiness. If the republicans are not able to pass the tax reform will happen then . That was a major trump promise here. Ill answer that quickly. Then we have as bad as it was, we have the obama years, during the Obama Administration the market was up 125 . Ill take that. Dagen heres what we do know, the taxes wont go up and we wont double the debt. Thats what we do know. John, i want to give the final word on this but one of my concerns is that the life of howard schultz, the founder of starbucks, that he tried to talk down this economy, talking about the chaos that the Trump Administration is creating for consumers, that the ceos with an agenda will try and hurt the way people feel. Mr. Schultz needs to go and visit one of his doors and see his consumers. I think hes lost touch, then into many board meetings. Its been a wonderful founder and ceo but hes not in touch with the consumer. They dont care about the scandals. They dont care about all this conspiracy theories in washington dc. They seen it and heard it and it too much. Look at the trees that may election over in the uk. The reason theyre voting out incumbents is because america and the world is set up with the political parties. That doesnt really matter what matters most is getting some type of regulation reform, you mentioned the clinton economy, 96 for Small Business act and that the one good thing that the trump and michigan is doing. Dagen final word, gary, are you concerned with a talk later on in the tapes of these comey conversations with mark. I am not. Look, i think weve heard about things back and forth and there probably is tapes. As naive as he is and as bumbling as he can be, i dont think theres anything incriminating. Even if there is, like i said, okay. Then trump is impeached, pentz is president and we all go back to normal. It will be rocky but i dont think theres anything there. I hope not. Dagen thats not glass halffull, thats spilling over. Dagen neil, what you got back what do comey and his contractor have in common . That is what present taxpayers to care about. If the president wants tax cuts, is there one thing he needs to cut out . Well see it at the bottom of the hour. 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John, you say this to be a wakeup call to ramp up our security spending at airports. It certainly should. I fly every single week,sometimk and i see incredibly inconsistencies in tsa throughout our country. If you look at how many times they fail security tax they is actually no excuse for this whatsoever. The government also takes about one point to 5 billion of tsa security these that all passengers pay into in the general fund and that is also inexcusable. The team as they should be privatized and he should take civilian flights that you have. Year to 7. 6 billion budget with tsa and simply just add on preflight what you need to defund the tsa, fund the security and but a meritbased system in place and if guys are screwing up, get rid of them. There is no uniform consistency in the tsa and that is inexcusable in this day and age five it was little more than a year ago that terrorists attacked the brussels airport. Look, we spend hundreds of billions on antiterrorist measures and much of it is an ongoing basis that will never go away. You dont double down the spending because someones casing out in your point. Theres a lot of mistakes made and in spending more will only magnify it. He stepped back, the airlines is a joke and it took over ten years from 911 just to get tsa pre checked off the table and thats an absurd length of time. It still doesnt make any sense. They charge you to do it so no one wants to do it and then you dont have that program and if your auntie is a paycheck built check my dog for bombs because i dont know why but its holding up the line. Theres so much no federal idea. These are big mistakes that create the illusion of the security and spending more with that kind of bureaucracy is our weakness. The terrorists know it and they can bankrupt us by leading to hundreds of billion dollars of spending. Dagen emily, we do know these two men were picked up with ties was a jfk casing the joint. Yet, and to bridge the gap between those two is that were just inefficient. Theres bureaucracy and redtape in tsa and was very interesting about this particular story is that weve been talking about lone wolf attacks the past couple of years. That does not appear to be the case in this situation. These men were connected to organized terrorist Group Hezbollah and for having this largescale organized attack on airports, thats incredibly alarming, thats something that absolutely demands extreme measures. Dagen test, you like Government Spending is back yes, i do. I will come again in the last segment agree with john. The consistency across airports is key here. I was in atlanta yesterday and i thought i was surprised i did not take my shoes off. Everything was completely different than at jfk. I do have paycheck and its crazy that it that long. We have a ton of money that were already spending and use it efficiently, reform the system and make sure were cooperating with tax companies. I go over this again and again, we need to do better in terms of monitoring social media and things like that to know whats going on. Dagen i want to point out that President Trumps proposed budget there are actually cuts to say these by purposeful teams. They want to cut the number of these teams the patrol airports from 3128 and cut grants from state and local authorities that would go to more patrols in airports. I dont think its a money issue. I agree with what everyone is set here. Before tsa, were spending 750 million a year and Airport Security and since then we spent 70 billion. The latest budget is almost 8 billion for the tsa so the cuts youre talking about probably are drop in the bucket. I go back to what john said but maybe in a different way. He talked about incentives. Look, this is a government bureaucracy. Jonas mentioned that. We need to do away with that. You have two options either, a you privatize it. John mentioned the failure rate and the latest tsa the late 95 failure rate. If fedex had a 95 failure rate customer you privatize it and give them incentives or you probably deal with the best branch of government has the most experience with terrorists, the military but you put the military in charge of tsa. Either way, tsa cannot do it right now. Dagen thank you, gary. I want to point out that the Airport Security was nationalized was 911. Cashing in just over an hour now, eric what you have coming up with mark. As lawmakers obsess over hearings, are they ignoring the issues americans really want salt plus, Filmmaker Michael Moore launching a website for whistleblowers to leak information about President Trump. Anyone see a problem with this, at all bismarck will see you at 1130. Dagen thank you, eric. I was out here smoking instead of being there for my sons winning shot. That was it for me. 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He uses his clinical a personality to channel the frustration of the bipartisan working class. Thats what hes doing and this is why he was elected. It may look silly but it resonates with the american people. If hes able to focus on this, somehow, the Russian Investigation will be relegated to the echo chambers of the media back last time we had regulation reform was in 1996 and weve had 21 years of regulations upon regulations. This is one of the best things you can do for our country. Dagen just. Ive heard many rights talking about russia and we are overregulated but donald trump is being completely inelegant about it and not just about how he held up that binder, to port one rule and ill get for 20 get rid of two for everyone that i create. It shows a lack of focus of what hes going after. Be sensible about it. Dagen jonas, you need to get read of these regulation and is the process if youre going to get people to invest in infrastructure. They wont build themselves. Its his strongest area, it takes the taxes because they can get democrat votes without question. That said, if you pull away federal regulations you are leaving a patchwork of even dumber state regulations. They dont let the tesla cars in your state and that leaves over who can fly drones and theres a million examples like that. Dagen thanks to everybody. Special thanks to emily and jessica. Great to see you, ladies. Finally. Hey ron theyre finally taking down that schwab billboard. Oh, not so fast, carl. Oh no. Schwab, again . Index investing for that low . Thats three times less than fidelity. And four times less than vanguard. Whats next, no minimums . No minimums. Schwab has lowered the cost of investing again. Introducing the lowest cost index funds in the industry with no minimums. I bet theyre calling about the schwab news. Schwab. A modern approach to Wealth Management. In very old habits of using toothpaste people are stuck to clean a denture. 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We know what it means to serve. Call today to talk about your insurance needs. Whuuuuuat . Rtgage offer from the bank today. You never just get one offer. Go to lendingtree. Com and shop multiple loan offers for free free . Yeah. Could save thousands. You should probably buy me dinner. No. Go to lendingtree. Com for a new home loan or refinance. Receive up to five free offers and choose the loan thats right for you. Our average customer could lower their monthly bills by over three hundred dollars. Go to lendingtree. Com right now. Dagen predictions, gary, go. Comey show me. More people will see the mummy this weekend and even tell you what comey does for a living. Comcast of 20 and they own universal which is a studio behind me the movie. Dagen jonas, you like it . Leavitt wrapped in bandages. 6. 7 yield in a gap great cost and itll be up 20 in a year back john, move on from oil. Its yesterdays stock, im afraid if i dont, your protection . Look, shes one of the most globally famous women and you love her or hate her and you shes hacked by the rest of it im not not Hillary Clinton talk about penny spears and thats why the Cyber Security will be up to 50 . Dagen john the five we need to ask about nude pictures on their phone. Neil comey and the contractor, he admits to leaking details of a private meeting with president. She is accused of leaking secret intelligence in hopes of bringing down the president. Same president , two very different strategies. If you think about it, same results. They were both entrusted with looking after us and now they are spilling the beans to us. Who is to say, not on a specific keep in mind they both worked for us. Welcome, everybody. Im neil caputo and they let you decide if they went too far and