President trump knew exactly what was going on. He was aware of all of my movements. He, i wouldnt do anything without consent of Rudy Giuliani or the president. It wasnt just military aid. It was all aid. Basically the relationships would be soured. Several demands at that point. The most important one was announcement of the biden investigation. Neil consider what lev parnas was saying and accusing Rudy Giuliani of, president of the united states, and by extension the Vice President of the united states, that they were misrepresenting themself. This was not going after corruption in ukraine, individual event by individual event, visit by visit, it was all to get dirt on bidens. A lot of people dismissed that, including White House Press secretary, this is guy is trying to do being attractions to reduce time in prison. The surgical interview Rachel Maddow conducted last night, whether youre a fan of that rival network, did present in a way the arguments, this was about chasing corruption, one straw man after another was knocked down. The reason i put this in context, the markets dont care. They like the usmca deal scored today. We will have numbers, likelihood president signs it. They like what is happening on china trade front, a deal signed with the chinese. Two biggest economic members of the planet will not battle it out. How fast this Senate Impeachment trial can go, it is a like a collective shrug. It is amazing and maybe theyre prematurely shrugging. Judge andrew napolitano, what this is saying, the overall government report that now conflicts with how the administration has presented that aid to ukraine, that according to the gio was indeed held up longley. What do you think of it. The gao report is damning of the office of management and budget which is an arm of the white house t basically recounts the department of defense, the department of state said hey, where is the money . Russians are killing uranium soldiers. We need the money. The office of management and budget deceived their own department of defense and department of state saying that the money isnt ready yet. The conditions havent been met yet. What conditions . Well only congress can impose conditions. You see what the office of management and budget forgot, is that an appropriation statute is a statute like any other federal law. Under the constitution only congress can amend statutes. The president cant and bureaucrats cant. So by holding up this money and lying about the reason for holding it up, if that was orchestrated by the president , this mrs. Pelosi has another impeachment offense on their hands. Neil be that as it may, the Administration Argument they were not holding up anything. Ukraine got the aid regardless. Stephanie grisham, White House Press secretary, all the allegations made by a man currently out on bail for federal crimes. He is desperate to reduce his exposure to prison. Youre not a market guy, fortunately youre just a brilliant lawyer, do you think that is why there has been this collective shrug . I think there has been a collective shrug the perception in the market, the legislation the senate is voting on likely to pass the next few minutes is positive for the market. Neil far more important than anything could potentially extend this impeachment hearing . Correct. Neil do you think it will . This stands, when i was watching rachels interview, my Immediate Response was listening to it, well, this doesnt help those who dont want to interview anybody. This doesnt help the cause of those who dont want any witnesses. This is a witness who has piqued curiosity of both republicans and democrats. So senator rand paul, senator ted cruz have titfortat proposal. Democrats get to pick one witness, republicans pick one witness. Democrats get two neil exactly his grenade. Rand paul saying all right, be careful what you wish for. This is from my chat with rand paul yesterday. Are you then open to witnesses saying there was a quid pro quo or overused phrase, what do you think . That is kind of interesting. Comment all relevant witnesses would he agree hunter biden is relevant, joe biden is relevant . The whistleblower is relevant . My guess is no. They want witnesses they want and dont want any witnesses the president wants. I say either allow all witnesses, all witnesses for the president defense team deems necessary to the defense or no witnesses. Both senator paul and Stephanie Grisham are right. Stephanie grisham is right, notwithstanding the terrific interview Rachel Maddow did, this guy has a lot of baggage. When youre prosecuting criminal cases often the witnesses are criminals themselves. You take the witnesses as they come to you. Senator paul is right, if they allow one witness to be called an testify live who did not testify before the house judiciary committee, or the house intelligence committee, because of all that newly acquired evidence, that trial will go on until may. That is how many witnesses will be there. It may take that in order to get to the truth but these people know things that the senate should be aware of. This information didnt come out. Neil youre saying where ever you stand on this, you cannot, not pursue, right . Each senator takes an oath they will resolve this only on basis of evidence. If there is evidence out there, they cant constitutionally bar the lawyers from presenting it. Neil all right. So back to what i said before i get to market guests who can address what is happening it the markets, i think markets are view of when it comes to impeachment there is nothing happening. No there there. Might get witnesses but might be quick. With Government Accountability report condemning the way this was handled by the white house budget office, would the concern as well that ukraine is opening up an investigation into whether our ambassador Marie Yovanovitch was indeed surveiled, ongoing debate back and for the from parnas especially Rachel Maddow interview, this was not going after corruption . It was all about pursuing some dirt on the bidens, whether true or not, these are issues have to be addressed and followed up now . Correct. Correct. I think these people are going to have to testify. Who was parnas and his colleague working for when the allegations were illegally surveiled Marie Yovanovitch, either for Rudy Giuliani, president , or both of them. This is a hole that will be dug deeper and if senators are seriously interested in the truth, they will have to listen to the witnesses. Again rand paul is correct. There are relevant witnesses on both sides. Neil each side will criticize the relevancy of the other sides witnesses. Correct. Chief justice robbers will rule this is relevant. 51 of the jurors disagree with him, this would kill me, if the jurors can overrule me, they can rover rule the chief justice. Neil that is whole weird theory how the judge can be relegated to passive player. I only put this into context what the markets are expecting, what they might have to face, potential reality drawn out much longer than thought. Enough questions were certainly raised in that interview on msnbc, enough questions were raised by the gio report. Enough questions were raised by ukrainian investigation looking into whether our ambassador there was being monitored and surveiled to the extent that now the government fears she might have been. Simply too many questions to allow for anything expedited. Markets are not focusing on that, as judge rightly pointed out, showing he is Good Business analyst. Theyre focused on trade. Focused on a lopsided vote that favors trade deal between ourselves and canadians and mexicans. Theyre focused on very good earnings reports. Focused on backdrop we scored a huge deal with china, whether they lived up to that. Theyre looking at a half full glass. That is the way it is. Agf chief u. S. Policy strategist, greg valliere, waltzer Wealth Management ceo, rebecca walzer. Judge pointed out you cant knock them off to the side to wrap it up quickly here. It will be a tougher argument to make in light of all these developments, isnt it . It could drag on for quite a while, neil, absolutely. I still think it is really unlikely you will get 20 republican defectors to vote to convict trump. I think that is still very, very unlikely but i do think there will be witnesses. Neil so, when you say witnesses that does extend it . They may not appear on live tv. Might give depositions behind closed doors. I believe in the clinton case, the senators would quote from the depositions but there would be depositions from which to quote, right . Yes. I think fallback for republicans is going to be, maybe there is some damaging stuff, maybe the president didnt act properly but this does not rise to the level of high crimes and misdemeanors. Thats the bar that i think the democrats cant clear. Neil so, rebecca, i always look at things through the prism of the markets as far as a take what they think happens. I think markets probably concluded as greg concluded here, this president will not be impeached with all the revelations notwithstanding, but neither is it going to be a quick impeachment trial in the senate. And, i dont know, you know far better than i, have they factored that possibility in . You know, neil, i dont think so. I dont think we are factoring in right now a very long, protracted through may for all the witnesses that the judge basically said they could call. I dont think the market wants to see that either. I dont want to see that especially with brexit the end of this month. We had china yesterday, usmca today. You can structure this stuff if you try to get it all done in two days in second week of january, it is not even possible. You have got brexit happening that will open up potential trade for us, bilateral with the uk, which would be phenomenal. No, i dont think the market right now. I think market discounting that because it will be swiftly dealt with. I dont see a protracted trial. Neil all right. That is what theyre hoping clearly. Well see what happens. Guys, thank you. I apologize for the abbreviated nature of this with on going hearings going on in the senate right now. Well be dipping in and out of that. Phase one is done but the white house says it is not done. Economic advisor larry kudlow is touting more tax cuts to come. Take a look. The president directed me to produce what were calling tax cuts 2. 0. It will be published sometime during the campaign as a message for future trump Economic Growth policies. Particularly emphasis on the middle class in his second term. Neil that was larry kudlow with our liz claman at the white house yesterday. Charlie gasparino with some thoughts today. What do you think of this . Obviously thats a tough sell, making its way through a democratic house, maybe not. But it is really meant to tee up the potential of a reelected donald trump, isnt it . Right. We should point out that he was responding to my story from yesterday that said they are going to do some sort of a fiscal stimulus plan during the election. They would unveil it. I was citing congressional sources because, he confirmed this during the interview as well and it was a very convoluted interview because as he was trying to suggest, i maybe was ahead of my skis as he put it, he definitely confirmed the basis of whats going on is that they are going to push out a fiscal stimulus tax cut plan next, this year, during the election. It is going to be mainly election oriented. It will not get through the congress. The house will not vote for it. If it is a middle class tax cut, it puts nancy pelosi and democrats in a little bit of a bind. He clearly confirmed this is their playbook. One of the reasons larry, i suggest you you go back to look at the transcript. It was a very convoluted conversation. One of the reasons they were a little annoyed i broke the story yesterday, listen, a lot of this is pr, right . Yesterdays big news day was supposed to be the signing of phase one trade deal. Tax cuts 2. 0 was supposed to be another day to bang it out and get more good press on it. We kind of upended that. Some of this is show, neil. And you know, the show is going to go on and ill tell you this, they want to keep this powder dry because guess what . During the impeachment hearings people get tired of hearing witnesses that contradict each other, theyre going to roll out this tax plan. Neil something to look forward to. I can see where theyre coming from. Thank you very much, my friend. As charlie was speaking here we want to take your attention to the u. S. Senate where one of those impeachment managers, reading articles of impeachment is house intelligence chief adam schiff. He is laying out the groundwork that senators will leap on. This is sort of the backdrop for a very good economic news, very good earnings news, what weve always been seeing certainly on the trade front. Not only trade with mexicans, canadians, yesterdays deal scored with the chinese. President expected to sign off on the new north american freetrade agreement, what they call nafta 2 as well. Ignoring all the other crosscurrents for the timebeing but one thing is very clear with all these developments, this impeachment thing could drag on a lot longer than people thought. Grossly i am compatible give me your hand i can save you. Lots of money with liberty mutual. We customize your Car Insurance so you only pay for what you need [ grunting ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Tits great actually, ive been listening to audible. Its audiobooks, news, meditations. Gotta go hey you know, i do think its weird youve started commuting when you work from home. Ill be in my office. 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Lets not do it now. Lets not have the discussion. You told me, you called me neil that went well. Here is the thing for Bernie Sanders. He claimed he raised four Million Dollars since Elizabeth Warren accused him of saying a woman cannot win for president of the united states. He says he did not say that. Democratic strategist Jessica Tarlov what it means for their campaigns. What do you think . I think it means Bernie Sanders will keep raising money like that. This has been consistent no matter what he does. Gets accused of being a liar, has a heart attack his supporters get dug in. Small dollar denominations 27. He asked me for 2. 70 since i havent given to him. Interesting to see what he pose on today. A lot of progressive people released a statement saying call for unity a progressive caucus cochair endorsed bernie. This is strong signal where were getting with this. If you noticed this, warren tried to tack a little bit of the right to bernie. She realized she he occupiesing most space in the far left lane. She has to go into little into inside of him but see will not become joe biden or Amy Klobuchar. Neil if they can sell each other out. If youre joe biden, youre so happy. Entire iran fiasco, infighting with the Progressive Left is huge boon for joe biden and Kamala Harris and cory booker dropping out, is giving him a bit of a boost with africanamerican voters, 3 three to 5 . He still maintains 45 plus depending what poll youre looking at of africanamerican support. Everything is falling in his favor, which is strange he is the crux of the impeachment trial going on here. Him and his son. Neil speaking of impeachment. You mentioned three senators, not joe biden, klobuchar, warren and sanders who will be in d. C. Once the thing kicks off next week, right before iowa, right before New Hampshire. How is that going to fall out . Obviously not ideal for them. I think it hurts most out of anyone, Amy Klobuchar needs to hit some sort of a stride. She was interviewed on the after the debate, Anderson Cooper said, what do you need . I need to come fourth or fifth here. To be in the conversation going forward. Iowa makes the most sense for her, midwestern, nice. In New Hampshire she is also a good fit as well. This person needs to be out there in everyones face connecting with them. Warren need it as well. Hurts bernie the least. Because he has a following whoever he is. There are focus groups, that show democratic voters have minimal understanding what is going on. They dont know a lot of candidates beyond bernie and biden. There is some name i. D. For warren. People not like us living and breathing this every day neil speak for yourself. You need a paycheck too, neil. Neil i focus on food. I hadnt talked to you since the whole sanders, warren thing. Yeah. Neil it was a 2018 dinner,. Right. Neil it doesnt seem like somethinght, she did say it. He doesnt claim he did. Right. Neil why bring it up now . So it started, Elizabeth Warrens team leaked it obviously but i believe it was in reaction neil theyre the only two. They are the only two. One of them is lying. I happen to think, it could be some denomination after misunderstanding or some, warren took it more pers