Transcripts For FBC The Intelligence Report With Trish Regan 20171228

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be china illegally selling oil to north korea. i keep saying i'm going to say it again, china must do more to stop north korea's nuclear program. when they tell us they're not going to trade with north korea, well guess what? china is not supposed to trade with north korea. so much for all those economic sanctions. we're talking to ambassador john bolton what we do next here. one republican lawmaker says its time for one robert mueller to excuse himself from the investigation and this is witch-hunt. he is wasting taxpayer money. does very a valid point? we go to blake burman with the latest who can and who can not pay their property taxes. hi, blake. reporter: the irs tried to create clarity on this but now there may be a bit of confusion because of this. the irs says tax reprepayments as it relates to property taxes under certain circumstance. they listed two factors in advisory they put out yesterday. one of them straightforward, if you want to take advantage next year you have to make payments by end of the calendar year. here is the second one raising a whole lot of questions. quote, prepayment of real property taxes that have not been assessed prior to 2018 are not deductible in 2017. the translation there is this. if your municipality hasn't yet levyied a 2018 tax bill you might be out of luck. the tax foundation says there is a lot of room to run. they say this is headed potentially towards litigation. they raise ad secondary point when we spoke with them today, i'm not sure investment is right word or financial choice for some people, because potentially this could trigger the amt. >> you could have individuals who, one, have been hit by the amt in previous years and who now would go to deduct state and local taxes and find they get no benefit. or individuals previously not hit by the amt, because after large deduction they take in 2017 they might now be triggered. reporter: back to the process of this, trish, we reached out to the irs this morning, they said the bottom line advice for someone making prepayments, reach out to their local tax officials. they are advising people that live in the county to reach out to their tax professionals. you have a few different levels of fingerpointing, talk to that person, no, talk to that person. all this hangs out there as people weigh their options whether or not to make prepayments. thousands across the country have already done so. trish? trish: break burman, thank you very much. joining me for the center of freedom and prosperity, mr. dan mitchell. dan, good to see you. i struggled a little bit with this tax reform plan because in part i knew with states with high income taxes and high real estate taxes people would be affected by all of this and it might cost those people quite a bit. i would have rather see them say, give everybody two years to vote everybody out-of-state offices and then if you didn't, then you would pay the consequences but it seems as though, dan, people will be paying the consequences early, maybe this means they need to reshuffle the deck in terms of who is running their state? you think that will happen? >> not just their states. also property taxes are local governments for the most part. so you might need to kick out your county commissioners and things like that that are pillaging you for all the local services and of course overcharging you in terms of what you're getting. but you're exactly right. this is fundamentally going to be a challenge for high-taxed uncompetitive state and local governments who are using the federal tax code to shield, to hide some of the cost of the bloated public sectors they have. i think under tax reform, there is going to be some trouble for them down the road. trish: so what is it going to mean for places like new york, california, new jersey, massachusetts, we can go on and on? any of these place, heck, even new hampshire where i'm from, dan, there is no state income tax and there is no sales tax but they have got some pretty significant property taxes. i mean, you know, the people are not going to be able to deduct them the way they used to be able to? >> only if you have, only if you have more than $10,000 of property tax in new hampshire that this would affect you. for people like that, you have to factor in, okay, there is somewhat lower individual income tax rates. there are child tax credits and things like that. so you have to do it adding and subtracting whether you're a net beneficiary. on the fundamental point what will happen to the high-taxed states, we know from irs data that over time there is an on going migration of people out of states like new york, out-of-states likes california, new jersey, connecticut, illinois and people are moving to the zero income tax states like tennessee, texas, like florida, like nevada. this is going to accelerate. unfortunately politicians like andrew cuomo in new york, he is encouraging people to prepay the property tax, he is saying you've been in a car accident, broken leg and sprained finger, he is focused on the split for your finger. he needs to cut state tax so you fix the real problem. trish: the healthy thing, that that will force the issue front and center. i hope states do the right thing. i hope they do cut taxes. otherwise you will lose a whole lot, certainly high-earners from these areas. dan, good to see you. >> thank you, trish. trish: dan mitchell, everyone. private equity, well you know, we have been talking about this a lot. the good news is we found a solution. the president can fix this all on his own. we have found a way to save american taxpayers $180 billion, as much as according to some estimates, and heck that could pay for a couple of walls right there, right? private equity, still has its hand, however in washington's pocket. center for responsive politics in 2017 alone, 10 out of 14 republican members of the senate finance committee, the same folks who wrote the new tax bill, received a total of $600,000 from three top private equity firms. maybe that's why the carried interest loophole hasn't been closed yet? here with more, famed economist and author of the book capitalist code, mr. ben stein. good to see you. >> honor to be here. trish: i could get how the president can fix this and that's the good news in a second. first of all i want to start with just. the lobbying money in washington and what the private equity industry has effectively done here which i would say, sir, is by -- buy themselves a tax cut. walk us through why this is wrong? >> that is just the way washington operates. the way politics operates. people need money for campaigns. they need money for staffs and live a nice life. people in private equity have lots and lots of money, can give it to them. this started out a long time ago, trish. this started out with oil companies. they originated carried interest rule. the carried interest rule which sounds more complicated than it is, allows to you deduct if you had invested money when you really invested labor and thoughts and ideas. therefore taxed at capital gains rates and ordinary income tax rates when you get paid off for these things. the difference is stupendous when you talk about people with very, very high incomes. if they take a tiny bit of that, pay the people in washington, so those people can then lower their taxes, it is incredible bargain. there is no greater leverage in the world than giving money to political candidates. trish: yeah. i mean this is what americans rebelled against, right? i think in part this election and reason why they sent donald trump there. i found it very refreshing on the campaign trail when he kept saying he wanted to close the carried interest loophole. there was absolutely no will. ben, i will tell you, i was shocked. when i looked at both the house and senate plans, not any of them bothered to deal with this. then they came up with some little fix down the road saying if you hold your investment for three years, ben, you and i both know, private equity investors they always hold for at least three years. >> they hold them for very long time. and by the way, that whole private equity thing is very much of a scam because, what they do trade these companies back and forth among themselves. they don't really do much to turn them around, change them around, it is just a way of playing musical chairs. there are enough chairs and they wind up making great, great deal of money. unfortunately some of the people we admire most in the country have a lot to do with this. trish: look at this at the chart. viewer can see this now, ben, $981,000 marco rubio got from the sector. you got charles schumer there, with 637,000. in other words, this goes across both aisles. >> absolutely. >> they're all on the take. >> look, money is incredibly important factor in human life. you have incredibly complex thing like the tax bill. people are sorting through it. the congressman and senators are very, very busy. they see a bright shining light. what is the bright shining light say, money, if you vote our way. so it is not even complicated. like somebody being lost in the forest. somebody is saying here is the way out of the forest. here is whole bunch money, vote this little tiny thing. a fuss from trish regan, ben stein will mention it when she has him on and everybody else will forget about it. trish: they want everybody to forget about it. they really do. we'll show you a clip how telling everybody it is too complicated for them to bother thinking about. >> look, carried interest, we can talk about that for the next hour if you'd like but for most americans, they could care less about that. this is it? that's the best question you've got? consequential tax reform is carried interest? seriously. >> again it's a complicated issue. it is not that much money. >> i think most people have no idea what carried interest is. trish: i know. >> what they want to know is, are you cutting my taxes. trish: this is why you need to educate them. too complicated people won't care about it. i heard from a lot of viewers and they do care. i say it doesn't matter if it is 180 billion or one stinkin' dollar. the principle, ben stein is just wrong. >> billionaire, millionaire, pretty soon adds up to real money. wilbur mills said that somebody favorite said that. everett dirksen said that long, long ago. it is insane what you can buy in politics in terms of the tax code. the idea people don't understand it, therefore we can do it that is disgraceful excuse. trish: so we're going to stay on it. ben stein, good to see you. we have breaking news i got to get to. doug jones, everyone, officially named the winner of the alabama senate election. his win being certificatesfied by the secretary of state moments ago. this comes after a last minute effort by roy moore to stop the entire process and hold a new election, citing voting irregularities. calling for an investigation. a state judge however saw no evidence of voter fraud and he dismissed mr. moore's lawsuit. jones defeat the more back on december 12th by more than 20,000 votes. brand new satellite image what is appears to be china illegally selling oil to north korea. look very carefully at these. because china told us they weren't doing this well now the president warns there will never be a friendly solution to the north korea situation if this is how things are going to get played. does this mean we're hitting china with economic sanctions? can we? should we? we're asking ambassador john bolton next. building a website in under an hour is easy with gocentral... ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too. build a better website - in under an hour. with gocentral from godaddy. it was always our singular focus, a distinct determination. to do whatever it takes, use every possible resource. to fight cancer. and never lose sight of the patients we're fighting for. our cancer treatment specialists share the same vision. experts from all over the world, working closely together to deliver truly personalized cancer care. specialists focused on treating cancer. using advanced technologies. and more precise treatments than before. working as hard as we can- doing all that we can- for everyone who walks through our doors. this is cancer treatment centers of america. and these are the specialists we're proud to call our own. treating cancer isn't one thing we do. it's the only thing we do. expert medicine works here. learn more at cancercenter.com cancer treatment centers of america. appointments available now. david: there is new op-ed out today, by secretary of state rex tillerson and he is defending diplomacy efforts when it comes to north korea. mr. tillerson says he is very proud of the administration despite facing, quote, immense challenges. i quote from the op ed, americans should be encouraged by the progress the state department and united states agency for international development have made pushing for global peace and stability. our peaceful pressure campaign cut off roughly 90% of north korea's export revenue, much of which is used to fund illegal weapons development. he goes on to say a key component to the strategy is continued pressure on china. but, how do you like this? u.s. spy satellites have reportedly captured photos of chinese ships illegally selling oil to north korea. on these boats 30 times since october. my goodness. to which the president tweeted, caught red-handed, very disappointing that china is allowing oil to to into north korea. there will never be a friendly solution to the north korean problem if this continues to happen. joining me former u.n. ambassador john bolton. fox news contributor. ambassador bolton you warned of this right on this show. you said china may sign on to sanctions, but doesn't mean they will follow them. sure enough, here we are, sure doesn't look like they are following them. >> yeah i think these pictures are really fire bell in the night for those who think that the sanctions are ultimately going to stop the north korean nuclear weapons program. the objective is not simply to get them back to the negotiating table, that will simply produce the same result we've had the past 25 years. we negotiate endlessly, and they make progress toward delivery nuclear weapons. the president is right in that tweet. we are running out of time. he was counting or hoping the chinese would take really dispositive action to take against north korea which these pictures -- fascinating to watch the chinese foreign ministry spokesperson to try to explain this. are those particular ships listed by the security council. because if they're not, they're not in violation of the sanctions. i don't know anything about these ships but i mean it is, it is charade. they were caught and there is a lesson there. trish: i would add to that north korea's economy, ambassador, grew 3.9% last year. 3.9%. that is pretty solid growth for an economy that is only 28 billion, roughly estimated in size. and their number one trade partner is china. so they can't grow without china. it tells you that china is there helping to support the area. you know some people said to me, i wonder if you agree with this, maybe china does want kim jong-un there. maybe they are using that as buffer and they don't want to unify that peninsula, then we would have too much influence over there. what do you say to that? >> certainly the traditional chinese position that they don't want reunification, exempt if it is north korea that takes over south korea, which obviously we don't accept. there is however a growing body of opinion in china looks at north korea, says this is pretty ugly piece of baggage for us to carry around and real threat of north korea's nuclear capability, could inspire japan or maybe south korea to get their own nuclear capability, which would be a direct threat to china. so i do think there is a diplomatic play with china on reunification. not clear we're pursuing it. secretary tillerson said repeatedly we don't seek reunification or regime change in north korea. that is a mistake. trish: if he were to say that how would that change the equation? what should that add? >> the discussion should be added not publicly in china, you don't necessarily say anything about reunification or regime change. let's be clear what the policy of the united states should be. the threat of the north korean nuclear weapon is really the threat of the north korean regime. until that regime disappears i don't think there is any long-term chance to avoid this problem. the president is very clear in his speech to the u.n. in september, he said denuclearization is the only way forward. if you believe that, and you don't see any diplomatic road to achieve it, and i think that is basically where we are, that is why you have to look at military force. not that the president wants to do it but he is faced with a due bill for 25 years of failed american policy not just failure on north korea. this represents or could represent collapse of half after century of -- trish: i know you believe that. i just, i want to think that before we go down that path there are other things economically. >> trish, we've gone down that path for 25 years! trish: no, no. >> 25 years. north korea, no. north korea -- trish: there is whole lot more we can sanction, ambassador. we can start cutting off trade with china. there is a lot of economic options nobody is even talking about? >> you're just wrong on that, here is the reason why. to inflict real pain on china, real pain, american business would have to feel pain. they're not up for it. leaving china out of the picture, do you think iran cares a wit about the security council sanctions on north korea? they will do what they can to supply oil to north korea. trish: you're telling me, ambassador bolton, i want to back up what you said about american business, you are telling me american business will not stand are us saying no, you will not trade with china? they will rather see lives lost with military option than lose a few bucks with trade on china? >> you tell me what the effect would be a statute or equivalent executive order says we will not do business with chinese banks? trish: you would have a trade war, sure. but i would rather have a trade war than an actual war. >> yeah, look i think, even if, even if the result were successful trade war by then north korea would already have nuclear weapons. mike pompeo, the director of the cia said a few months ago they would have the capability, could have the capability of to deliver thermonuclear weapons on target in the united states within a matter of months. they could be there already. i think they will certainly be there by the end of the year unless we take action. here is the tradeoff. the test here is not the world as it is today compared to a world after a preemptive strike against north korea's nuclear weapons program. the comparison is the world after that strike versus a world where north korea has nuclear weapons it can use or sell to anybody. trish: i am passionate as you, ambassador not wanting them to have the ability to hurt us like they can. and that needs to change but i think we differ in that i do think we haven't even scratched surface what we can do to china economically. it makes sense for the president to explore and treasury secretary mnuchin to explore every single one of those options. >> see what you do within the next six months. if they have nuclear weapons at that point because we didn't have adequate intelligence and they crossed the finish line while we were fooling around with sanctions, then you can tell me what -- trish: more than fooling around with sanctions. i'm talking about actually enfossing them. >> then you have to send the u.s. navy in to enforce them. that is how it works. trish: thank you, sir. always good to see you. stocks mostly higher today. president trump vows 2018 will be another good year for markets but one investor fears a stock market correction could be in the works. we'll debate all that. i will see you here next. whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest... ...prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices... ...from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. trish: stocks higher with the dow poised for its 71st, how do you like that, record close since president trump took office. i know he likes that. the president touting wall street's record year while visiting firefighters in west palm beach, florida, praising u.s. companies for following is his lead. listen. >> 401(k)s are doing well, stocks are doing well. lot of companies coming back into this country and coming back into the country which we love what we care about, ion before the tax cut. trish: but, even as the dow creeps closer and closer and closer to 25,000 there are some investors warning a stock market correction could be coming. joining me sure vest wealth management ceo robert luna. robert, what do you think? is it possible we could correct or in-store for more positive things in '18? >> we're over due for a correction, 10 to 12% correction we're hearing a lot about, usually happens once a year and we're well extended past that. but in terms after correction -- trish: shocked that he won, right? they thought hillary clinton was going to win. they were prepared for that. >> it is funny because still a lot of people we talk to are little bit sore about that that have a lot of cash on the sidelines feeling this rally as well. let's face it, tax reform will definitely help corrations out. 'rwee seeg consumer confidence mbers tick up rightow. the fact isos mt bubbles d't reallynd at normal vuations. i think there i som room to run. butt a end of theay whould be prepared for a 10 to 12% correction. trish: that is big correction, less than would have been at lower level, but you think 10 to 12% this year? >> not in 2017 but 2018. i do think they will see at some point, yeah, 10 to 12% correction. trish: that said, you have got for the first time in some time real fundamental economic growth out there. you have got these companies that are adding to earnings because they get to keep more of their earnings, via a lower tax cut. you have the possibility much all this money that has been significant offshore, rob, coming back home. and that could, that could be a big boost. i just, i find it hard to believe, 10 to 12% correction, when there is so many other things that seem to be going in the right direction. >> yeah. it is. you look, like i said the fundamentals of this market are very solid. valuations i think are a little bit stretched, trish. you look at certain areas of this market, like technology for example, stocks like amazon, google which we own for our clients, have run up 50 to 60%. but let's remember the average investor, i know myself are very poor at trying to time markets f you're trying to time this market and get in and out for a 10% correction, the odds are fence you being able to -- against you being able to do that successfully. like most investors hunker down for the long term. no ringing bells will say get out at the top. this is not 2000, looking at 30, 40 times earnings. they are reasonable but 10% correction is part of normal market behavior any investor should be prepared for. trish: the president won't like that. we hope you're wrong [laughter] >> thank you, trish. trish: estimates show this year's california wildfires are costliest in u.s. history. they destroyed 9,000 structures in napa, california, alone. the wineries are coming back as they try to woo visitors. many fear it is too little too late. adam housley is in california with more. adam. reporter: the worries they don't want a second destructive issue which would happen here, a loss of jobs. 9,000 structures lost between napa, men disseen know counties. numbers clearly are the tourist dollar is very easily still spent here. if you drive through the valley, i know napa, sonoma, i grew up here, it takes a trained eye to see the destruction. we're back at the winery we were back in october, the destruction was immense, the entire winery was destroyed. look at my left they already cleared the area. theres were some of the rebuilding process might be hamperedded by government regulations. so far we're told they sped the process up. the damage here pretty widespread. when you talk to people here at this winery or other wineries they tell you no bitter time to visit the wine country. >> most people are surprised. they're expecting to see charred areas, burned areas. they are few and far between. >> it is stretched but we know we will rebuild. we know it will be a nice building again. so we have faith. reporter: we've been to a few tasting rooms, checked out some of the local hot spots if you will in the last few days. they still have number of people in the tasting. not as crowded as harvest season this is busiest time. other places you can find restaurant tables, some. best restaurants in the world are here. some take two or three months to get a table. now you can take two or three days. there issue trying to get people woman back to the napa. the perception that napa, sonoma is burned down. if you are a tourist you wouldn't understand where it was or know what to look for. this winery, because signorelli, their wayne survived. take two years to rebuild the tasting room. they will go to people's homes. they will go to your house, potentially depending where you are, taste the wines there, not having a facility in couple years. trish: you have to get create sieve. adam, thank you so much. freezing temperatures and below zero windchills for the united states and will stay here days and weeks to come. lovely. i will be skiing up north next week. forecasters are warning of hypothermia and frostbite from the arctic air. that is just what we need. record cold comes as people in erie, pennsylvania, dig out from a storm that dumped five feet of snow since saturday. it is cold out there. >> no one republican congressman, says it is time for robert mueller to excuse himself from the russia investigation saying this is nothing but a witch-hunt. the congressman is warning there is no way these folks can conduct a fair investigation. is he right? we'll ask congresswoman marcia blackburn next. >> these are overwhelming biases and conflicts. they're unusual, and to get that staff of people in there, that have such deep-seeded bias, then it taints the whole investigation. i don't think they can get to a fair outcome. infrastructure ? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp trish: robert mueller's russia investigation to come to an end. arizona representative andy biggs pending an op ed in usa where he calls for the witch-hunt to end. he is also on "varney & company" earlier. watch. >> this clearly careened way out of control and way beyond the scope of its original purpose. they still have people on board, who have a tremendous anti-trump bias, and so there is, this is not an open, fair, unbiased investigation. >> right. >> this is an attempt to get to a result. mueller should do the right thing and step down. trish: should he? and is there any merit to stopping the investigation all together. i am joined right now by the representative from tennessee, representative marcia blackburn. representative, good to see you. >> good to see you. thank you. trish: should it end now? >> i think the american people would like for this to end. look, they been at this for a year. they can in the prove there is collusion. what we know the american people would like to know if they're looking at russia, how about clinton foundation. how about uranium one. how about the dnc. how about the fake dossier? is this just about president trump. so, are you going to do it holistically or not. and those are the right questions. tennesseans ask my those questions every single day, when i am out and about. they are very fearful. they don't want the fbi to be a politicized organization. they don't like what they're hearing about the team, that is around robert mueller. they do not like the political bias that they have brought to bear in doing their job. and it concerns them. when they know that these were people that were working behind the scenes, for as you would called it, an insurance policy in case donald trump won. that is not the way our federal government works. it is not way our systems work. and the american people want this to be a fair and honest and truthful evaluation and investigation and they wanted it to get over with. so we can move on. they're excited about what president trump has done? trish: i hear everything you're saying. the reports is have been pretty scandalous in terms of biases among members of mueller's team. does that mean mueller should say enough is enough. should step down and turn this over to someone else that is less partial. >> if he is to be removed, up to the president and up to the attorney general. and i find it just outrageous that mueller is not pulling people together that are on his team, and then, conducting what a good leader would do and say if you're bringing these political opinions into this, if you have written such, tweeted such, spoken such, you do not deserve to be on this team. we want the american people to have faith in the institution. right now, trish, what people will say, what if the fbi or a federal agency were to turn about me, turn against me? what am i to do? how would i handle this? looking at that, they're absolutely aghast. this is where mueller should be be -- let's get this to an end. trish: we've already seen some text messages that are -- as you said, pretty scary. we all realize if the deep state were to turn on you, god help you, right? and that -- >> that's right. think about this. so many americans, i know certainly tennesseans, new people that were involved in tea party organizations, and then they went through all of this with the irs. >> i remember. >> and scandalous treatment there and lois lerner. then lois lerner is i don't want to make any of this public. we want these depositions sealed. don't ever let people know what we said. we would fear for our lives or, all the conversations that took place there, and people could not believe that the federal government was being used in that way and then, they had those admissions. there is such a lack ever institutional trust. one of things that elected officials need to focus on, and question, that actually should be asked is how do you restore that trust? so that people realize we are indeed a nation of by and for the people. trish: very important. >> that you are going to be represented before the federal government and have a fair shake. we're going into court, we're considered innocent until proven guilty. those are principles on which we stand. what has happened with the fbi is a shaking of that foundation, and, my colleagues -- trish: i get it. >> that is right. that is right. trish: i often said it may not even be, something may not even be a conflict, but if there is a perception of a conflict that deteriorates people's trust in different institutions and that is going to become a problem. i unfortunately have to take a little break. i want to thank you for joining us today. marcia blackburn. happy new year. >> you too. trish: we'll be right back. trish: apple ceo tim cook and other top executives getting a massively large pay hike, despite well, disappointing numbers for the iphone x. this also comes as the tech giant faces multiple lawsuits after admitting to slowing down older phones. can you believe that? they're actually slowing them down. our very own hillary vaughn with details for us. hillary. >> not only trish took a massive pay raise, traveling on private jet on company dime. he went to a security detail that cost the $100,000. 74% bigger bonus compared to last year. apple's decision to drop serious cash on cook makes headlines as the company could start racking up court fees. iphone users around the country are suing apple after the tech giant admits they are throttling battery life on older phones. at least nine lawsuits filed in california, new york, and illinois claim apple's decision to tamper with battery life, triggered users thinking need a new phone, asking to replace the battery. apple defending the decision. our goal to deliver the best experience for customers, which includes overall performance and prolonging the life of their devices. now as apple faces controversy over their old phones, concerns loom around apple's newest most expensive iphone ever. a lot of data showing that in the first month the iphone x sold fewer devices than in previous years, when apple had a new phone out, trish. trish: thank you so much. hillary vaughn. "vanity fair" out poking fun at hillary clinton, giving her friendly light-hearted advice for the new year. folks are furious. they're even launching the hashtag, canceled "vanity fair." so just to be clear, here, apparently okay to poke fun at president trump on "saturday night live" on that, and everybody loves it. but you can not poke fun at hillary clinton. once again hypocrisy. we're on it for you. see you here in two. >> take up a new hobby in the new year. volunteer work. knitting, improve comedy, literally anything that will keep you from running again. ♪ (nadia white) the moment a fish is pulled out from the water, it's a race against time. and keeping it in the right conditions is the best way to get that fish to your plate safely. (dane chauvel) sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. (tom villa) we took our world class network, and we developed devices to track environmental conditions. this device allows people to understand what's happening with the location, but also if it's too hot, if it's too cold, if it's been dropped... it's completely unique. (dennis woloshuck) if you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. who knew a tiny sensor could help keep the food chain safe? ♪ ... i used to have more hair. i used to have more color. and... i used to have cancer. i beat it. i did. not alone. i used to have no idea what the american cancer society did. research? yeah. but also free rides to chemo and free lodging near hospitals. i used to maybe give a little. then i got so much back. i used to have cancer. please give at cancer.org. trish: back pedaling after a huge backlash for its online video mocking hillary clinton. the video shows editors of vanity fair's website offering new years resolutions to mrs. clinton. watch. >> to disable auto fill on your iphone so that typing an f doesn't become form exploratory committee for 2020. >> you know on anderson cooper you will telling him about alternate not little breathing? he seems really adept. how else are you meeting unsuspecting hikers. >> take up a new hobby in the year. volunteer work, knitting, improv comedy literally anything to keep you from running again. >> to finally put away your james comey doll. and he might have cost you the election but so did a handful of other things. it's a year later and time to move on. trish: i actually thought it was pretty funny but i'll tell you liberals, it's interesting because i saw it on twitter myself, i saw them all tweeting about this, they've got a new hashtag called cancel vanity fair and they're very very an are. tweets include this one, stop telling women what they should do or can do. get over your issues and grassroots leader says anyone ever tell al gore, mitt romney or john kerry to go away and try knitting? the magazine says the attempt at humor clearly missed the mark. again, it almost did but they're backpedaling president trump mocking the apology tweeting out vanity fair which looks like it's on its last legs is bending over backwards and apologizing for the minor hit they took. joining me right now is tim graham. tim, i don't know, am i the only one with a sense of humor right now, i thought it was kind of funny. >> look, the clintons and their devoted followers never want them to be mocked certainly not as stupid and absolutely not as losers even though they're loser s. that's what they can't stand is that people would say as you would expect for john kerry, as you would expect for al gore and walter mondale. we don't want you to run again. there's nothing exciting or new about that. i think just the fact that the word "knitting" was in there sent them all -- trish: somehow that was sexist. you saw patricia arquette's complaint. she said somehow this is a swipe at women. i mean, i certainly didn't read that into it. really i just thought it was kind of funny and you think of everything snl does going after the president. i mean some of that stuff is funny and some of it not but some of it is pretty funny too and it seems like people should just lighten up and by the way they hope she doesn't run again for goodness sakes. [laughter] >> yeah, i mean this is basically they think vanity fair is our territory, this is a glossy liberal rag and this isn't a magazine that regularly trashed trump. they had an article a little while back where they basically cartooned trump as a rat basically wishing he would leave right now and when we get rid of him we need, america needs a program like germany afterworld war two, so knitting is not that bad. trish: [laughter] well you know, what i think maybe not so subtle they were sort of hinting at is that the democratic party needs new blood and part of the reason donald trump won that election was they put up a really bad candidate. it wasn't even that he was that good. there were a lot of things he said and did that were very refreshing to people but they didn't have anybody that he really had to beat. had they put up say i don't know , joe biden who seems like a normal enough guy and kind of hang with people a little bit but she doesn't have that touch. she doesn't have that you need to have as a politician, the ability to connect with people, so how critical is it for the democrats and maybe vanity fair is just trying to do their part but they start finding someone new. >> i think almost everybody whose going to run for 2020 is going to be someone new. look, the democrats in 2016 did exactly what say the republicans did in 1996. they picked somebody who it was bob dole's turn. it was simply hillary's turn. hillary came in second. it's usually a republican thing. trish: she had, you know, gotten bitten off before and wasn't successful so maybe they should have learned their lesson maybe they will learn it now tim good to see you thank you so much happy new year. oh, before we go i've got a busy day again. i'm going to be filling in for my friend neil cavuto on the fox news channel at 4:00 p.m. eastern time and then in for martha at 7:00 p.m. on the story , so i certainly hope to see you in both locations, lauren simonetti is in for liz claman right now. >> you are busy trish, good luck trish: thanks. >> let's take it away now an arctic freeze, taxes infrastructure, nuclear war and record-setting markets dominat ing the headlines at this hour and early winter polar blast is slamming the country, massive snow, frozen roads in some parts disrupting business near and far as forecasters are warning workers of the deadly side effects of hypothermia and frostbite. we're going to tell you how long this deep freeze will be in the united states. all of it coming as president donald trump soaks up the florida sunshine on a working vacation, tweeting about booming retail s

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