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Detailed text transcripts for TV channel - FOXNEWS - 20181220:21:26:00

Senate. the house and senate are not in a linement. they ll need democratic votes. we ll see. it s interesting that last night they had a voice vote, not a role call vote so you don t know where everybody stands. this is also an effort for republicans to put their money where their mouth is. you know, i reported many times over the past week that patrick mchenry, the republican congressman from north carolina, the chief deputy whip, he argued on multiple occasions that they had the votes for this. the president said thaw they had the votes for this. nancy pelosi, the incoming speaker said they didn t have the votes. she argued the same point this morning. this is a make or break moments for the republicans. shepard: we shall see. we have byron ween on the phone. we ve been noticing what s going on the markets. the uncertainty over this are ....

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Detailed text transcripts for TV channel - FOXNEWS - 20181220:21:28:00

Climax that would indicate that all the negativism has been flushed out of the market. neil: in other words, the capitulation you want for. yeah, a gradual declean. it s a gradual decline in price and volume in terms of the level of volume and we haven t had a complete capitulation yet. neil: byron, the treasury secretary was on fox business network earlier today talking to stuart varney and saying the markets overreacted to the fed move. that we had jerome powell of the federal reserve saying, does pay attention to the markets. but who are they telling us? you can argue that the deterioration in wealth would have an effect certainly on the economy if this were to keep up. yeah. but not everybody owns stocks. even the people that do don t pay attention to it every day. ....

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