Believe there is such a thing as bipartisanship. Seems to be a dirty work, jack, so dd you buy this. Hard to believe. Since the republicans did so well in the midterm elections if they are able to put a deal together, big issue Everyone Wants to take the credit. No one wants to givv the other party credit. Since republicans had a recent victory, if they get the ball rolling on something, they can look backk hey that happened once we did so well in the midterm elections. President can say that happened while i was in office. Everyone can take credit at the same time. So maybe. Tracy john, they had the oped in the paper all the things they want to get done and seems like this magnificent laundry list of nothing is going to happen. 3 shouldnt they focus on or two things . Thank you hey in twooyears they did someehing. I have a simple idea. That is to focus on the xl pipeline and infrastructure spending. That is a nice trade, okay . Give the republicans the xl pipeline anddgive the democraas the increase in infrastructure spending, that they want. That is perhaps a deal that can be done. Infrastructure spendinggon rundown highways and bridges and the like. Probablyyhas biparttsan appeal. Charlie gasparinooof fbn is here with us too. This lunch today, i knoo youure jonessing to know what theyre having but after that sure nothing you serve on easter sunday. Tracy no lasgna on the tabbe there. What do you expect to hear out of this. Nothing. I mean i think they will baa around a few things. Well hear something on immigration probably and there will be a threat about amnesty, the old way. The president will talk about infrastructure as you said. I mean thats a big thing. It is interesting when you listen to the president last couple days, he doesnt say much other than the usual stuff. He, when he talks about compromise on all Big Government items. He s nnver really said anything about possibly a tax cut. I dont think he is publicly 3 corrorate tax reform. Corporate tax reform. He said, saying nothing bbt we can agree on you know, x, y and z government policy it is really an interesting thing the way he is picking this fight. It will be, i will compromise with you to expand our agenda. The problem with tax reform, it sound llke an easy thing. It sound like everyone is for tax reform because the tax code is a mess. The problem is it reaches into so many parts of peoples lives that they agree on misdemeanor different things. Tracy you need to reform individual taxxs as well. Becomes so voluminous but if you just did a Corporate Tax cut or did something to repatriate the money, that would be a good step. My point with president obama, what he is willing to compromise not on obamacare where it would be really smart to get rid of mmdical device tax, not on doddfrank, kind of nice to lay off banks on certain issues. He is willing to compromise on willing to compromise on Big Government, i will go less after Big Government agenda if you compromise. Tracy speaking of compromise, charlii, we talked about this, remind everyone were waiting on congressional leaders to leave the fine luncheon. Well ind out what they had. The Supreme Court is about to hear, fox is learning Supreme Court will take up another obamacare challenge. The justices will decide whethhr the law authorizes subsidies that helps illions low and middle mcpeople. Notion of repealing obamacare is not going to happen. Lets chomp away at little pieces of it. Thats correct. That is the best way to go about it. The republicans will get a lot of support from ever growing numbers of retirees who are finding that their medicare is being reduced in order to help fund the subsidies for lower income americans, younger americans. If your viewers are looking for a shortcut to tell how likely is it that obamacaar is going to go away, look at shares of Health Insurers and look at shares of hospitals because both of those make a lot of money for more insured people. Theyre down, theyre not plummeting. That is not that good. I will say this. What we need to do is judge napolitano to talk about the law on this thing. Im not quite sure about the law. But i will say this, judge roberts caught a lot of heat in conservative circles for voting for obamacare during the last go round. He is going to be under tremendous, tremendous pressure to vote against, to, for some sort of repeal for this thing as it goes before the republicans before a change in the court, before the Supreme Court before, before president obama can put anybody in there, this thing is going down in flames. Tracy fox fox news chan none bm reporting shannon bream, they will see if they uphold the federal tax credits for obamacare for all 50 states. That is a big thing for a lot of people. Roberts will not vote for this thing twice. he will be vilified, in any place that he wants to hang his hat, when, im telling for conservative to vote twice to tracy for same thing, fair enough. Is liie youre done. Tracy we have more breaking news. This out of detroit. Judge Steven Rhodes approving the citys financial restructure plan, giving detroit pretty much clear path out of chapter 9 bankruptcy innnext couple weeks. The plan hinged on shedding 7 billion unsecured debt and 1. 7 billion into the City Services. They started out with the 18 billion debt. This is the biggest ever municipality bankruptcy, john. Does this set precedence . This is a arning. The first waaning dont expect much from Government SpendingGoing Forward for the overall economy. Something to look at these numbers. Over the past 10 years, real state and local Government Spending has contracted by contrast, 2004, growing 2 1 2, 3 on a allly. That support to the government is gone. State and local governments have to tighten their belts if only to make good on pension and health care promises they made to the baby boom generation. That will be interesting story. Tracy speaking of, jack, the judge said it boarded on miraculous that the pensions were basically held intact through this whole thing. That is choice you make between the pensioners and creditors. And creditors got hit hard here. The problem Going Forward for states with big pension obligations, bond buyers will take a careful look before investing money. I really, i think one of the sort of things coming out for ouu viewers, if youre in mmnicipal bond market should yo3 be freaking out about this . Tracy right. I would say no. Clearly bondholders got screwed on this this is where, the bond lot of pain on detroit. Ting a if new york city is any guide, you remember ciiy in 70s, there was a default. The city defaulted. New york city has never recovered from that frrm a bond market standpoint. People buy the bond but, moodys and s p rate them very low, new york city. City government in new york had to give up its sovereignty or over its own budget a longg3 period of time into the 1980s. Tracy dow and s p hitting all new highs. Much washington responding to the jobs report that was largely positive but leaves room for improvement the economy added 214,000 jobs last month, bringing headline unemployment sixyear low. Labor force participation remains a conceen. Hovers near the same dismal marks in the 70 es. what do you think . Narrow foccsed on the october jobs report it looks pretty good ut in a broader context it looks limp. The occober was the 64th month of the current economic recovery and whennwe compare where we are today, to the previous peak for empllyment, thats january 2008, we have time period the working agesame population has grown by more han 8 million americans. And that percentage is cruddy. In the past, i give you an idea, the previous ratios were Something Like 70 as far as Jobs Creation compared to the increase in the working agee3 population. And in fact, in the past, by the 64th month of a economic recovery, you had added more than 9 million jobs as opposed to where that shows up is really weak wage growth. Workers have a weak hand. Tracy nonn. Why isnt the market cheering this . The only thing i can think of, i havent spoken to, spoke with enough traders today, is that theyre saying okay, we have still weak Economic Growth what it really comes down to it. Guess what . Were facing higher interest rates. We think we are. Maybe shortterm rates will go little bit higher but that is no guaranty that bond yields will rise significantly higher. I agree. Tracy charlies point. Were only up 14 points. We were up more before. The market doesnt seem all that thrilled. Thank you very much. Isis on the high seas. How recruits are traveeing to join the group in syria, not by plane but cruise ship. Plus, twitter one year later, why execs at social media giant seem to have very little to celebrate a year after going public. We have more money and answers coming up. Ijustotten maied. I wa famils all military. You dont know what to expec suddey youre there. In another world i did my j u do your st. How everytng mattered. So much more bdi. My cnt. Evything. D everyone i lov. Ome. [ le annouer ] r alve serd we can nev tha tm ough. E, for l the confidce youd. Td ametrad tracy well one year after twitters hotlyanticipated trading debut it is not much of a celebration. Slower using growth, management shakeups the fact that profit is still years away kind of prompting big investors to leave the nnst. Here to discuss united advisors scott martin, capitalist jonathan hoenig. Both are fox news contributors. Charlie is back as well. Jonathan since you are the king of twitter, what do you think of all well, its true. Just this in. I have 35,000 followers. You have only got what, 16,000 . Tracy who is checking. I have five. Well i think the point is i got three. Twitter is wonderful company, not so much as a great investment. A lot of dotcom companies, twitter will succeed, they will make money but valuation the market assigning to it will contract. Scott, i think a lot of people were really skeptical when thissthing went public in holding on, no . I think it is holding on, i think holding on for something interesting, tracy, which is a takeover. Jonathan may be the king of twitter and im emerging prince for twitttr in the concerns that twitter needs a takeover. They need to do growing up. Their big brother, facebook, is absolutely killing them with regards to Business Model mobilizing ad revenue. That is the whole thing, right . Whether they figure that out on their own or with the help of somm other company i think twitter might be worth a look here. Tracy charlie, ceo ick costolo people are not happy. What do you think . Just full disclosure, he dissed fox business, so and any criticism i give him should be put in that context. Listen, one of the smart things Mark Zuckerberg did was hire some smart people like Sheryl Sandberg. Sheryl sandberg s kind of the face. Deals with wall street. Makes sure everything runs on time. Mr. Costolo needs, they nude nee management there. The product is really good, if you think about it. 3 i love it. It is interesting way of keeping abreast of news. It is a good productt how do you translate that into money . I think they need to get smart people in there. So was what . Cosmocom. Great product, great idea. Not as good as this. Tracy everyone had a problem with facebook when it first came to the forefront. Mark zuckerrerg has this live q a. This kind of blew my mind. You have the opportunity just about anything and people asked him, why do you always wear the same gray tshirt . Come on claim. Fielded questions like that and first q and a he likes the look. He doesnt have to think about his wardrobe. That is bob greifeld. People asked him about the movies. Did it huut his feelings. He wasnt portrayed properly. Yadi yada. Charlii if you could ask him anything, what would youuhave asked him . How much of a role does Sheryl Sandberg really play in the country . Is she is the defacto ceo . I think what i would ask him, what adviie in that context would you give twitter, dick costolo, whatever hayes name is . What is his name, abbott an costello. Tracy well move on. What would you have asked Mark Zuckerberg . I wouldnt have asked himm3 anything, tracy. I would have thanked him. Mark zuckerberg really improved my life substantially. I never given him a dollar. I have never given him 50 cents. Meanwhile he created something i use every day, that builds my business. I have a lot of facebook ollowers as well, tracy. Something that i enjoy. So i wouldnt ask him anything. Would i thank him for all he has done. Tracy if were not for facebook we couldnt see all the cute pictures of scottys kids. Talk about morgan stanlee. Suddenly riding shotgun with uber. They have 17 billion reasons to do it basically. The Bank Officially aiming, naming uber as its employee transportation service. Not really sure if they just need a ride or they trying to ipo. Charlie, theyre late to the party. Barclays and Deutsche Bank have been piling pilot customers of uber. Will thhy drop the car service in lieu of uber for an ipo . Here is the thing. I know james gorman the ceo. If you know culture ofan. Wall street, Morgan Stanley is white shooin investment bank. They have this big brokerage investment firm. I cant imagine white shoe bankers at Morgan Stanley teal with top 500 companies riding around in uber. Take the uber black car. They like their drivers. Tell you this james gorman doesnt get along with bankers so much. He may force them to do it. Tracy i dont know. Scotty, can you imagine like these big shot bankers calling uber waiting onnthe street ffr their car . Doesnt sound logical to me. Remember jamessis not a binge banker. James is a broker. No he isnt, thhts true. He still takes car. These guys may take one ride to get that very fruitful ipo to because i think that is other thing too. Look at uber will be one of the best ipos of 2015. Most valuable startup in the world right nnw. Bigger than dropbox, bigger than airbnb. Bigger than your favorite pinterest, charlie. What is pinterest. What is pinterest please . You dont understand how uber works. This intermediating the entire tracy i do understand how uber works. We have to go to break. I will tell charlie about pinterest. You will love it, charlie. I promise. Tracy we have another record day on wall street. Ddw, s p all hitting intraday highs. Go to Nicole Petallides on floor of the exchange who my guess is on pinterest . Not yet. Obviously i need to get on. The doo is up 14 points. not too far off session highs. Record day on wall street for dow and s p 500. Techheavv nasdaq pulling back. Best of the bunch include energy, telecom, utilities. Look what is going on hereewith alibaba. Record day for alibaba, once again crossing 114 mark. 114. 77. Was the high. This was a 68 ipo back on september 19th. It did have its earnings and up about 15 this week, tracy. Performer. Great week. A lot of records as well. Tracy good friday. Thanks, nicole. Whether on wall street or main street here is who is making money today. Anyone with a piece of sears. The stock soaring on news it is considering the sale of up to 300 stores to Real Estate Investment trust. Now those stores will be leased back. Look at shares. Theyre up morr than 37 right now. Ceo eedie lampert raking in cash ahead of the weekend. He has 25 million shares. That means he made a little bit like a quarter of a billion dollars today alone. Talk about happy friday. Hoping to share more money . Owner of most expensive home on the market, the massive Beverly Hills estate is on sale for record breaking price of 195 million. It has, wait for it, a 27car garage. And a vineyard, that produces 500 cases of wine a year. 3 that is pretty cool. that is a deal, huh . Or who is losing money . Viiings running back adrian peterson. Im sorry, too bad. Nike dropped his contract after he pleaded no contest to assault. Hehe is the fourth athlete to le a nike contract this year. Detroit gets a green light onn3 its plan to get out of bankruptcy. Voters choosing to legalize marijuana in washington, d. C. Guess who is the first on the scene . Hmmm. Do you ever have too much money . vo you are a business solverf thslice. Acher of the unachable. You lor haicaps. And raise hopes. Cause ly natiol lele you chseny c ithe aisle. And go. You caen te a fullsize orabov y midsirice. p nice drive. Go natnal. Go kero. O welplayedbusiness pro. Well. Many americans who haverescriio fail to stay o. Ths why we created programs ich encourage people to everyone o er a glass medicatidalarly. Bottoms up, ic see tomorrow. Sa time. Another innovaon from cvslt beuse alth ieverything another innovaon from cvslt yourusmersoufinancin yourspirations, our analytics. Youroalsour techlo. Introducing synchrony final, brinng n new mning thepartnership. Baing. Laltyalytic syony financl. Age with us. Tracy largest u. S. City to ever file for bankruptcy getting a shot at a fresh start a federal judge giving the green light a little over an our ago on detroits plan to exit bankruptcy. Fox newss Garrett Tenney joins us now with the details. Yeah, tracy. In fact the judge is still going through this plan. It has been over an hour noww but there is so much to it, piece by piece he is explaining his approval. That is judge Steven Rhodes. One of the key parts of this plan is shedding 7 billion of debt. Reducing what had been a very generous pension and Health Benefits for former city workers. Now addressing those cuts judge rhodes conceded there may, that these may cause severe hardship in some cases but said shared sacrifice is necessary for the in a deal with bond insurers, the city agrees to give up a combination of cash and city owned property on riverfront for helping citys revitalization efforts. That includes a 1. 7 billion investment over the next 10 years to upgrade basic City Services which have been neglected for years and remove a blight of abandoned properties throughout the citys neighborhoods. All the parties in