tv The Journal Editorial Report FOX Business March 24, 2018 6:00pm-7:00pm EDT
welcome to the journal editorial report. the white house shakeup continued this week with president trump announcing that former u.n. ambassador john bolton would replace h.r. mcmaster as security advisor. this comes on the heels of rex tillerson's ouster last week and as the white house faces key decisions on iran and north korea. does it signal a shift in the administration's foreign policy? let's ask deputy editor of the wall street journal, dan henniger, mary kissel and bill
mcgern. i want to read some words that i read describing john bolton, hawkish, super hawk, fire brand, undiplomatic, confrontational. those are the nice ones, the mild assertions, adjectives. is that fair? >> no, it's not fair. what i'd point out is this is not a position that has to be confirmed because probably that wouldn't happen. i think we can sum this all up in two words, paul, and that is status quo. john bolton has no patience whatsoever for the status quo. let me say also that he served in two presidential administrations. he served with jim baker in the first bush presidency. he was under secretary of state in the second bush presidency. john bolton has a lot of experience with bureaucracies and whether the issue is iran or what we should do about north korea, the status quo will always be careful and john bolton's career has been built
around the idea not so much of not being car careful but pushig the status quo forward to deal with reality, such as the one facing us with north korea and the nuclear capability. there won't be buttons pushed here. we're talking about a national security advisor that will push the rest of the policy making community to come up with solutions reflecting the reality in front of our face. >> paul: mary, it's suggested that some how he is dog mattic, can't get along with people. he was ambassador to the united nations. he got a lot of sanctions on north korea through the united nations. he developed something in the second bush administration in 2003 called the proliferation security initiative which got the world together to be able to police arms movements and w.o.m.d. movements. in the first h.w. administration he worked a peace deal on the western sa sahara.
>> he got u.n. res lying resolue got a u.n. resolution repealed. the final line is he's a realist and he's been correct throughout the years about the threats to america and he sees them early. he was correct that pyongyang was not going to give up its nuclear program with the six party talks. he went against condoleezza rice, the then secretary of state. >> paul: he was vindicated. >> he has been writing about the nature of the iran regime, why we can't let them have nuclear weapons. he predicted that the u.n. process that was started on syria was doomed to failure. this is a clear-eyed guy with a lot of experience who is unafraid to tell the truth about the threats to the united states. i think it's a great pick. >> paul: when a lot of people hearing all that and knowing all that and knowing in addition to that that he's actually pretty effective as a bureaucratic
insider, as dan suggested, they go oh, my god we're headed for war, we're headed for war with iran and we're headed for war with north korea. are we? >> i don't think so. i think he's clear-eyed about the experience. it's interesting, a year ago he didn't make it into the administration. it tells you something that he's in now. >> paul: why do you think that is? people say it's the mustache. he's so fixated on looks. that's not a joke. >> i think a lot of it is, look, president trump campaigned, he knew obama was weak overseas. but he also campaigned against bush style wars. and he probably associated john bolton with that camp. so it says a lot. it also says a lot, look -- >> paul: it says a lot that he is going to bolton? >> that he's going to bolton for his national security advisor. the national security advisor is in the white house, so it's a very intimate position. you have to get along. and i don't know all the policy differences that general mcmaster had with the president but it sounds like on
a lot of personality issues he rubbed the president the wrong way and even there's reports general mattis and so forth. so clearly there's a comfort level here and it's interesting that president trump would pick mike pompeo who is the one that warned us about north korea, said within months they'll have this capacity to strike us with a nuclear weapon and john bolton who has more hawkish views on this as well. >> paul: what do you think about the implications of this for policy? one of the implications i would suggest is that john bolton is going to say, as he has written for us many times, mr. physical therapy i thin bepresident i th- mr. president i think you should pull out of completely of the iran agreement, for example. >> that is up in may. i think the expectation is the president will not renew the iran nuclear deal in may. as bill was suggesting, mike pompeo was a primary congressional critic of that deal when he was in the house of representatives. and i think you can probably see
pompeo and john bolton now performing something of an alliance to be more forward-leaning with their foreign policy in iran, north korea and i would say syria as mary was suggesting earlier. it's not going to be a stand pat foreign policy. >> paul: mary, briefly, any change on north korea? >> look, if you don't want a war with north korea then the north koreans have to believe that president trump is willing to strike them by naming strong people like pompeo and now bolton at the national security advisor position, i think you have more of a deterrent there for pyongyang to try something. >> paul: i should add, we should add that h.r. mcmaster served the president very well as national security advisor. they didn't mesh on a personal level. that's not mcmaster's fault. i think that gets more to the president. when we come back, another shake-up in trump world this week, this time on his legal team. what the changes say about the president's stance on the
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>> paul: another trump shake-up this week, this time on the president's legal team as the frenzy surrounding the mueller probe reached a higher pitch in washington. john dowd, the president's lead lawyer in the russia investigation resigned this week, just days after trump hired veteran washington attorney joe dijava. the president told reporters that he would like to testify before special counsel robert mueller, something dowd had argued against. wkim, how do you read the dowd resignation? was it fundamentally about the strategy difference? >> i think there's a strategy difference. i think there was also just a frustration on mr. dowd's part. he was frustrated that he didn't
have more control over the president. he had asked the president president his entire legal team has asked him not to go out there and be texting and complaining about the mueller probe in public. obviously, the president has been ignoring that advice. look, i think there's an opportunity here, paul, in that a lot of people have wondered if this existing legal team is the right one in terms of what we're hearing might come out of the mueller probe. for instance, an obstruction charge. >> paul: right. >> you might want some lawyers around you that are much more prepared to deal with the constitutional questions of something like that, and have a strategy that's designed to counter and it wasn't clear that this legal team was doing that. so this could be a moment for a shake-up that better positions the president. >> paul: bill, the dowd concern was that if he put the president in with mueller, let's face it, the president you never know what he's going to say and you never know what he's going to remember. he may say something that he believes it true and it's entirely false.
>> lawyers love that stuff, right? i'm not a lawyer but every lawyer i know would tell you not to do that because you open yourself up. >> paul: the president doesn't believe that. he believes hey, i can handle anything. what do you think? do you think dowd was right? >> i think you have to look at two parts with donald trump. one, i think he has legitimate concerns that he feels he didn't do anything, he didn't do anything wrong, there are people trying to overturn an election or make his administration so that it looks illegitimate. >> paul: i can see that. >> it's a big thing to work against a presidency this way. how he handles it another matter, you know, the tweets and the lawyers don't seem to have much control over him. >> paul: that's the point. trump can believe all that and come in there with absolute certainty but ultimately what he says, dan, can be something that trips him up. we have personal friends who still believe that they told the truth and they ended up getting indicted for making false statements. >> well, one good example of
someone who did not get indicted but went through the process is ted olson, the supreme court solicitor, former justice department official who when he was in the reagan government was investigated by an independent counsel, became a very famous supreme court case. it was a nightmare for ted olson and the trump team has reached out to mr. olson to see whether he would join them. he declined. but nonetheless, there's an awareness that dealing with a special counsel like robert mueller is a dangerous enterprise. on the other side, there is donald trump who thinks he has been wronged and he doesn't want those kinds of lawyers selling him out so-to-speak. i think he's brought in someone like joe dejenev to be the guy who is going to lean on the system to make sure trump's personal interests are represented and the lawyers dealing with mr. mueller don't make a deal that puts the president in jeopardy. >> paul: kim, let's turn to some
other news this week on the mueller probe and the russia issue. the house intelligence committee republicans released their r report, initial report on what they discovered. what did we learn? what are the highlights? >> this matters first and foremost, paul, because it's the first of any congressional committees to actually finish up a probe on this. they put out both findings and recommendations and i think the top line answer is here they did not find any evidence of any collusion between the trump white house and russians in any way. that's the important thing. they did identify a number of holes in our system that the russians have been able to exploit and i think this is important because we want to be looking forward here, not just back. and that is very much what the oversight -- i mean, the intelligence committee has been trying to do. what's extraordinary is the depth and the breadth of the number of people they interviewed and went through. this was a very thorough investigation in the end.
>> paul: all right, bill. and in another move, momentum is building for something i know you don't support which is the naming of a second special counsel, this time to investigate how the fbi and justice handled hillary clinton's e-mail investigation, among other things. >> right. look, the idea is that doj and fbi are resisting all these efforts to investigate themselves. again, remember, under donald trump rod rosenstein at justice and christopher wray at the fbi tried to make an in run around the intel commit at this and atd they only -- committee and they only came up with documents because they were threatened with contempt. i think what we need is for congress and the president to exert the levers that they have. for example, there's impeachment, if the fbi director doesn't cough up the documents and is really resisting, they
could use that. there's a lot of legislative tools that they have. president trump baffles me by not assigning someone at justice to do as we recommended to disburse information since it mostly vined caste vindicate hi. >> paul: i think the political momentum is building for the special counsel. we'll see what the report says. if there was bad behavior, i think we'll get a second special counsel, notwithstanding advice, i agree with you, your advice. president trump following through on a campaign promise and hitting china with tough tariffs. how the markets and beijing reacted to thursday's announcement, next. how much money do you think you'll need in retirement? then we found out how many years that money would last them.
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>> doing things for this country that should have been done for many, many years. we've had this abuse by many other countries and groups of countries that were put together in order to take advantage of the united states and we don't want that to happen. we're not going to let that happen. it's probably one of the reasons i was elected, maybe one of the main reasons. >> paul: president trump making good on a central campaign promise thursday and slapping tariffs on nearly $60 billion worth of chinese imports, a move meant to punish beijing for what white house officials say is a pattern of economic aggression, has robbed u.s. companies of millions of jobs and billions of dollars in profit. the dow plunging more than 700 points in the wake of thursday's announcement as fears of a trade war increase. we're back with dan heniger and bill mcgern and mary kissel. what do yo make of do you make e
announcement? >> announcement? >> china said they would also impose tariffs. >> paul: you worked in kong and you know in covering china that they discriminate against foreign firms. is there a point, unlike maybe with steel tariffs, that trump is actually seriously addressing, a real problem with china? >> did china commit, quote, unquote economic aggression? the answer is yes, they do. they steal intellectual property. they get subdisieche subsidizedm state opened banks. you want to put in place a system that doesn't harm american businesses and american consumers and to be frank, that's a difficult challenge. how do you punish a country that's such a large part of global trade without also punishing american consumers at the same time?
>> paul: dan raises a good question, how do do you that? there is no question in my mind that china has been guilty of bad behavior. i talked to many business executives who operate over there and their point, they said we go over there with enormous optimism and for a while things are opening up. the last few years it's gotten really tough and they're coerced to turn over trade secrets, end intellectual property and the regulatory system is rigged to get them to do that. how do you address that. >> you start with the understanding that doing anything is an enormous undertaking. the entire developed world is deeply invested in china. it's difficult to extract themselves from those commitments. that said, you're going to need a strategy and a strategy is not what it looks to be on offer from the trump administration. to take on china in any sort of targeted way is going to require
the support of our allies, western european nations, the other nations that trade with europe. but he rolled the tape back about 10 days and the president was threatening to impose tariffs on the european union. now it may look like they're being exempted at the moment but what are they supposed to think about the united states' trade strategy. one day it's on, another day it's off and now it's targeted at china. so i think the president at this point is really heading for an uphill battle in trying to do negotiation with china because i suspect he won't have that much support from australia, south korea, japan or the european union. >> paul: what do you make, bill, of the market response, down in a big way and if you look at what the market's done since the tariffs began on steel, since the trade initiative started, the momentum from tax reform has really ended. >.>> i don't think the president sees this but i think this is a
break with his pro-growth tax reform policy. china does cheat. we've seen it. but it's very hard to hit them without hitting yourself. it reminds me of someone shooting a gun in a small constricted place and it ricochets off the walls. i think china exports $1 billion worth of steel to us but we export $13 billion of soybeans to them. >> paul: right. >> i fire at you, china and then you the farmer gets hit. >> paul: is there a real economic risk here? >> uncertainty is what markets fear most, right, and trade wars are among the most uncertain. i'm a hawk in everything except for trade wars. and it just -- it's the definition of uncertainty. you do your thing and you expect them to do one thing but they could branch out into completely different areas. >> i do have to maybe play
devil's advocate a little bit. no one forced the companies to go over and do business with china. a lot of the ceos, i know many of the financial institutions ceos were cheerleaders for china's autho regime. they woke up and realized their i thinintellectual property was stolen. >> paul: how do you ignore the chinese market? >> there are several large companies that didn't go there. i don't want to let them off the hook. >> paul: you had an arc of reform in china. it stopped. it's gone backwards. so -- >> there's an argument of trade deficit. people that don't understand how these numbers are put together, our former boss, bob bartley, said the way to fix the deficit problem is to stop keeping
statistics. what hong kong and taiwan did was export their deficits to china. the way they value something is the last person that puts something into an iphone, they get the full cost of it. so the bulk of the value can be from somewhere else. >> paul: that's true in the case of the iphone. all china does is assemble it and it's counted as total value as part of the deficit. facebook under fire. mark zuckerberg promises changes after data from 50 million users was harvested by a data analytic firm. is big tech getting different treatment than it did in the obama years?
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congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. >> paul: facebook under fire this week after revelations that more than 50 million user profiles were harvested by a data analysis firm employed by president trump's 2016 campaign.
ceo mark zuckerberg broke his silence on the growing furor wednesday apologizing for the breach and promising to do better. >> this was a major breach of trust and i'm really sorry that this happened. we have a basic responsibility to protect people's data and if we can't do that, then we don't deserve to have the opportunity to serve people. >> paul: andy kessler was a co-founder and president of velocity capital management. he also writes the inside view column for the wall street journal. good to see you, andy. how are you? >> i'm doing great, thanks. >> paul: taking a look at this news about facebook and cambridge analytica, is this a real scandal or kind of overdone? >> well, first, i have good news which is cher deleted her facebook account which means democracy is safe again. my sense is this is a big p.r. problem for facebook but the reality of it is, it's not going
to affect their business. i mean, by now if you use facebook, you know your data's not safe. you know you're inundated with fake news. yet, people still use it and their engagement numbers have rolled over a little bit. it's mostly the younger generation moving to instagram which facebook owns. so big p.r. problem, not so much an operations problem. >> paul: wait a minute. this is not a big deal then? so why are people paying so much attention to it? we knew for example the 2012 campaign, the obama campaign used facebook data and when that was discovered they were hailed as geniuses for using that data to help their campaign. this time, trump campaign related group used it and did it make a difference? we don't know. so is this just politics? >> the hip po hypocrisy is pile.
that there might be some threat to the business model, if not because users will abandon it, because the regulators will decide to come in and start to impose controls. how big a fear is that? >> well, mark zuckerberg came out on cnn and other places saying he wanted to be le regulated. cheryl sandburg said they would welcome regulation. i think they have to be careful what they wish. i think facebook has big problems down the road in that they now have 2.3 billion users and they're running out of them. they're shut out of china. they can't go into russia because there's competition or grow much more in russia because of he competition. and so at some point wall street will get annoyed with their growth rate as that rolls over, as new users are hard to come by. but right now i look at this as an opportunity for facebook. think about it. here's these companies that have been stealing the social graph, all the day data, facebook hask
at this as a profit possibility. look at what tv networks make on campaigns. every four years it's a huge growth in revenues for tv campaigns. facebook should say this is our business, stop stealing our data, we're going to leverage it ourselves. i look at it as a positive, as a new business opportunity. >> paul: their model has been we'll get content for free, they'll get andy kessler's column and run advertising against it. they don't pay andy kessler. they don't pay the wall street journal. is that basic model, free content and putting advertising against it, is that going to be in jeopardy because of this is a little different than the privacy element but this gets into the fake news problem. they're putting content and advertisers next to really bad actors. >> i think that's a huge issue for facebook and i think they've
made noise about taking steps to identify which content is real or more trustworthy than those that aren't. and when he talked about regulation, he had talked about -- zuckerberg talked about regulation, he talked about transparency in advertising. well, i'd like to see a little more transparency in the content that they run, that people link to. is this a trustworthy site. the wall street journal is going to be a lot more trustworthy than the onion or something like that. >> paul: or russia today. >.they're going to have to act o do something to stop this furor because the market is really -- is skeptical. >> well, the market -- that's the fun part about the stock market. it shoots first and asks questions later. as long as their growth continues to tick up, i think the stock is going to continue to do fine. again, i worry long-term. facebook has been resilient. they changed their news feed a
bunch of years ago, users were up in arms, i'm going to quit and yet the numbers went up and up. it's a very addicting platform and they seem to be able to do the right thing. >> paul: andy kessler, thanks for being here. still a ahead as calls grow for hearings on the facebook breach, can regulation on social media be far behind? we'll ask our panel, next. today, we're out here with some surprising facts about type 2 diabetes. so you have type 2 diabetes, right? yeah. yes i do. okay so you diet, you exercise, you manage your a1c? that's the plan. what about your heart? what do you mean my heart? the truth is, type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. but wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance
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legislation regulating the social media giant be far behind. we're back with dan henniger, kim extr str aassel and alicia . is the cambridge analytic an ana uproar overblown? >> it's definitely overblown. the trump campaign said it used the republican national committee's database because the data from cambridge analytica wasn't very good. cambridge analytica has said that it deleted any data that was improperly accessed. >> paul: so why, then, the uproar now? we know democrats in congress and the obama administration provided a lot of political protection for facebook, for google, for the big tech companies.
now democrats are saying, look, we're going to look at you. >> because they're discovering that republicans can exploit the same avenues that democrats did. >> paul: you really don't think that donald trump won because of facebook? >> no. anything that can be social associatessed with donald trump becomes a target. they're looking for any kind of target to hit. tech companies happen to be convenient. >> paul: what about the risks to facebook's business model? free content next to advertising. is that in threat at all? >> i don't think the business model is so much in threat. i mean, that's kind of a larger subject. the problem here is political. we just listened to diane fine e feinstein address it. i expect senator feinstein knows pretty much nothing about facebook's technology.
washington will not solve the problem through regulation. they will probably make it worse. that doesn't mean, though, that facebook doesn't have some vulnerabilities. they are not able to police the privacy of their users. it's like youtube and jihadist videos. they too are unable to really police the videos. unless the idea privacy is simply dead and people say we don't care what companies like facebook do, there will always be pressure to try to do something to protect people's privacy. look at the european union. they're actively pryin trying te google and facebook on this basis. >> paul: i think this is one of the vulnerabilities here. the government will go after facebook and google i think very hard on privacy. the e.u., the european union is leading the way on this and we know kind of when they get in, they do it not with a light touch. so i think the ftc, federal trade commission is looking at
it. is that something facebook needs to worry about? >> look, here's the danger here. you know how democrats think facebooks the trump campaign. you have republicans who have been skeptical of the tech giants, because they believe they sensor conservatives more. you have facebook inviting people to come in and regulate it. they can then say well, we're following the rules. we have a safe harbor. but whenever you're talking about regulating an organization like this, you are in essence talking about regulating free speech and this becomes then something akin to the campaign finance regulations that you have out there, where the party in power has an interest in making sure that its opponents are not allowed to speak as much as it is and we know from facebook's history that it has a predilection for democrats so the way it interprets the regulations could be biased
against one political party or the other. we don't want to go down that road. that requires facebook stepping up to do something itself. >> paul: paying for content, alicia? >> well, i think it's going to try to resist that because it doesn't want to be held responsible for the content. and that would obviously also crimp its profits. look right now, they've enjoyed legal protection under section 230 of the law which protects it from liability for user generated consistent ten conten. i think there's a concern if it had to pay for content, maybe section 230 could be reinterpreted, in order to hold it li bell. libel. they don't want to serate -- curate the content. >> paul: cable companies pay for cable content. could they pay newspapers for
content as rupert murdoch has suggested? >> maybe so. why should they do that when they get it for free? they may have to eventually try to sift through the fake news and the actual quality news when users start demanding it. right now, they're saying basically we're giving users what they want and users apparently don't want quality news. >> we hope that's not true. >> paul: we hope that's not true. we hope they will pay for quality. still ahead, president trump defending his decision to congratulate president putin on his election amid a leak it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured
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putin and congratulated him on the victory, his electoral victory. we had a very good call and i suspect that we'll probably be meeting in the not too distant future to discuss the arms race and also to discuss ukraine and syria and north korea and various other things. >> paul: president trump facing blow-back for his call this week to russian president vladimir putin. the president consisten congratd putin for his victory in last sunday's election despite the national security advisors reportedly instructing him not to do so. trump defended the call. he said he called president putin to congratulate him on his victory. in the past obama called him also. the fake news media said this was a bad thing. thewe're back with dan henniger,
mary kissel and bill mcgurn. mary, was he right to congratulate putin? >> no. absolutely not. by the way, when obama called he didn't congratulate putin, he congratulated the people of russia. >> paul: when is obama a role model? >> exactly. look, first of all, it was absolutely a rigged election. putin invalidated his opponent. he controls the media outlets. the election was rigged. there was ballot box stuffing. look, this is nothing to congratulate him on. paul, it wasn't just what trump said, it was what he didn't say. there was no question at all about the chemical weapons attack on british soil that had happened only a few days prior. that's a very serious incident. so i think the president mishandled this one. >> paul: bill? >> i probably have an unpopular view. i think there was a lot -- it's a lot like facebook. people are angry because trump did it.
[ laughter ] >> president obama did do it. very little condemnation. 12 days after obama had called putin, he issued his statement about i could be more flexible after the elections and we criticized him. but very few others did. so look, i think the problem -- i wouldn't have done it. i think the defense of it is harder than the actual doing it to justify. but i think it's a lot -- it's a lot to do about very little. i'm heartened that john bolton actually is on record as calling putin's interference in the elections an act of war. >> paul: in our election in 2016. >> yes. >> paul: mary. >> it wasn't just about congratulating him on a sham election or what he didn't say about britain. it was also the assertion that russia can work with us on things like syria or the nuclear arms race. on what planet? there's no evidence at all that putin is helpful. in fact, what putin does is he
creates problems like syria and then he goes to the united states and says i can help you solve your problem, just happens to be the problem that i created. so i think trump has some idea about putin that's not grounded in reality. >> very similar to the reset idea. >> paul: obama's reset. >> obama's reset. i'm more interested in the policy. there's a lot more i would like to see president trump do vis-a-vis putin. i don't think john bolton has any scales on his eyes about russia and so forth. i'm more interested in what the policy direction will be. >> paul: when loo you look at te policy record on russia in the first year of the trump administration, it's tougher than obama's. there's lethal weapons sales to ukraine. the statement last week from the white house joining the leaders of europe in condemning the chemical attack in london. but there is this issue people raise which is why can't donald trump himself seem to say a
discouraging word about vladimir putin? >> and that is the big question, paul, which i have said and written several times is one of the reasons people continue to think that there is something to the trump, russian collusion story. that may drive people crazy to hear that. but when they see the president going back 15 or 16 months, praising vladimir putin, having all of these russian aggressions take place and then this very week call him to congratulate him, they default -- many people default to the belief there is something there. and i think that will just hang out there until the president either explains why he keeps making these consistent gra -- t >> paul: assuming there is nothing there. you would think it would have come out by now. let's assume there is nothing there that they have over trump, it's almost as if he won't say
it because everybody wants him to. >> that's entirely possible, paul. he got criticized for congratulating shi jin ping. >> paul: when we come back, hits and misses of i'm very proud of the fact that i served. i was a c130 mechanic in the corps, so i'm not happy unless my hands are dirty. between running a business and four kids, we're busy. auto insurance, homeowner's insurance, life insurance policies. knowing that usaa will always have my back... that's just one less thing you have to worry about. i couldn't imagine going anywhere else. they're like a friend of the family. we are the cochran family, and we'll be usaa members for life. save by bundling usaa home and auto insurance. get a quote today. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.
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>> paul: time now for our hits and misses of the week. bill. >> sit for cynthia nixon, the former sex in the city star, this week announced she's running in the democratic primary against governor andrew cuomo in new york and now she's done something unhollywood. she came out against the tax breaks for film and tv that work out to about a $420 million subsidy in new york. asked by the buffalo news about it. she said the breaks mostly benefit large entertainment companies and she didn't think it was worth it. if this is progressiveism we need more of it. >> paul: alicia. >> this is a hit to california's pot industry that is rebelling
against high taxation over regulation. 1% of california pot growers are licensed. they blame the state's regulation, land use regulation, zoning restrictions, water conservation, you name it. >> paul: and tax rate of what? >> 40 to 60%. >> paul: suddenly they're libber >> there is no more volatile issue than gun control. a poll just out shows that a majority of americans, including republicans, democrats, and gun owners, want more restrictions on guns and they want armed guards in schools. 75% of adults say they want armed guards in schools and 83% of republicans want more gun registration. paul, looks like there's a solution here if the republicans and democrats would just see it in front of their paces. >> paul: thanks to all of you and remember if you have your
own hit or miss be sure to tweet it to us jer on fnc. that's it for this week's show. thanks to my panel. thanks to you for >> lou: good evening, everybody. break news tonight. president trump has announced that general hr mcmaster is out as national security advisor and will be replaced by former united advisor john bolton. the announcement comes after weeks of tension between trump and mcmaster. president trump said mcmaster will stay on until april to ensure a smooth transition. and the rinno congressional leadership told the american people to go to hell and the americas didn't like it one bit. the house was