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Dow Pushes Toward 20,000: What's Fueling the Trump Bump?

IBM is set to hire 25,000 professionals over the next four years. The Dow is up almost nine percent since November 8. Is this all due to Donald Trump?

Donald Trump's Seven Point Plan to Reform "Our Failed Trade Policy"

DONALD TRUMP: A Trump Administration will change our failed trade policy - quickly. Here are 7 steps I would pursue right away to bring back our jobs.

One: I am going to withdraw the United States from the Trans-Pacific Partnership, which has not yet been ratified.

Two: I'm going to appoint the toughest and smartest trade negotiators to fight on behalf of American workers.

Three: I'm going to direct the Secretary of Commerce to identify every violation of trade agreements a foreign country is currently using to harm our workers. I will then direct all appropriate agencies to use every tool under American and international law to end these abuses.

Four: I'm going tell our NAFTA partners that I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers. And I don't mean just a little bit better, I mean a lot better. If they do not agree to a renegotiation, then I will submit notice under Article 2205 of the NAFTA agreement that America intends to withdraw from the deal.

Five: I am going to instruct my Treasury Secretary to label China a currency manipulator.

Any country that devalues their currency in order to take advantage of the United States will be met with sharply

Six: I am going to instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the WTO. China's unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules.

Seven: If China does not stop its illegal activities, including its theft of American trade secrets, I will use every lawful presidential power to remedy trade disputes, including the application of tariffs consistent with Section 201 and 301 of the Trade Act of 1974 and Section 232 of the Trade Expansion Act of 1962.

Is Bernie Sanders Correct That the Economy's Rigged?

Charles Krauthammer weighs in on fiscal policy and presidential politics on "The O'Reilly Factor."

BILL O'REILLY: In 2014, about 32 percent of Americans making less than $30,000 a year showed up to vote. Joining us now from Washington, Charles Krauthammer. So, let's deal with the economy first. Do you think it's rigged?

CHARLES KRAUTHAMMER: No, because I think the word rigged implies some kind of conscious will of the part of those who control the economy to put down the poor. I do think, however, that a large percentage of what determines if you're poor or not, is a matter of the lottery, the human lottery, who your parents are. Where you're born at a simple level. If you're born in the United States, that is six out of a hundred humans, you won the lottery, you had a better chance than you were born in the Congo.

If you're born to people, to a single mother, out of wedlock, without a man in the family, with poor educational system around you, that's the lottery and you have lost it. And it's very hard. So to some extent it's true that your life chances are not entirely in your hand. And I think they are largely out of your hands. Nonetheless, there are things that you can do, politically, by changing society. Changing the culture is extremely hard, nobody has a good answer to that.

O'REILLY: But here is my, I do--I have a good answer for it.

KRAUTHAMMER: Oh, you do? Let's hear it.

O'REILLY: OK. Here's the answer. I think you're right about the lottery of life and determining economic success in most cases, but not all. I'm an example. I mean, I was born to responsible parents. We didn't have any money. And, you know, there was a pathway that I was shown. That is the key. So my theory is that public schooling has to lay out a pathway to little children. I mean, five, six, seven years old. And say look, here is where you are in life. All right? This is what you have to overcome. And this is how you do it. And that has to be drummed inculcated, boom, boom, boom. That has got to be a course along with math and spelling and English. That has got to be a course, you see what I'm talking about?

KRAUTHAMMER: No, I don't. I don't. And I'll tell you why.

O'REILLY: But I think it has to be a course.

KRAUTHAMMER: It's not a course, it's not something you teach. It's something that you get by the lottery of life. I didn't say that the lottery means you have to be, have rich folks if you want to do well in life. What I said is you have to have the human capital. Two parents, married, who inculcate the values you're talking about. That is the most important...

O'REILLY: But if you can overcome that...

KRAUTHAMMER: With a course--come on, are you kidding me?

Trump: We're Headed for a Massive Recession "If I'm Not Elected"

SEAN HANNITY: You said we're headed for a massive recession...

DONALD TRUMP: If I'm not elected. If I'm not elected. I did make the statement. I did make the statement. Because we're in a massive bubble. We have money that's the cheapest money we've ever had yet nobody borrows unless you're very rich. If I want to borrow money, I can borrow all the money I want to borrow, but if you aren't really rich, you can't borrow money. So you ever hear of cheap money that nobody can get? We're sitting on a bubble. The stock market is very inflated and very...

Now, we have to straighten out our country. We owe $19 trillion in debt. The budget, you know, they talk about Paul Ryan. Well, I like Paul Ryan personally, but this omnibus budget from three months ago that they passed is a disaster. It gives Obama the money to bring people in from Syria. It gives him the money to bring the illegal immigrants in. It gives him money for Obamacare, which has to be repealed and replaced.

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Video Archives - December 2016