This is a rush transcript from "Your World," January 18, 2019. This copy may not be in its final form and may be updated.

NEIL CAVUTO, HOST: Thank you, Shep.

And that is the fourth up week in a row. More on that in a second.

Fox on top, in the meantime, of a government that is still shut down, as Mother Nature continues to bear down.

Welcome, everybody. This is "Your World." I'm Neil Cavuto. And happy arctic Friday, because an arctic blast is now spreading across the Midwest and the Northeast; 200 million Americans are caught in this deep freeze this weekend, part of New England now looking for upwards of two feet of snow.

More than 3,000 flights have already been delayed or outright canceled in the U.S., and that number is expected to grow.

We're all over all of this with meteorologist Rick Reichmuth on just how bad the storm could get, FOX Business Network's Jeff Flock in Chicago, where they are already ready for a heavy now at that, and Alicia Acuna at Denver Airport on why the holiday getaway could make matters worse.

We will talk about that in a second.

We begin with Rick.

Hey, Rick.

RICK REICHMUTH, METEOROLOGIST: Hey.

Yes, a really interesting storm set up for us across such a big populated area, at least in the Northeast, but not just Northeast. The center of the storm right now kind of getting going here right across the Central Plains, Iowa, parts of Missouri, into Illinois, Wisconsin, Minnesota, you get the idea.

That's the big piece of energy that's going to really develop, pull up some moisture from the south and watch for some pretty extreme snowfall totals.

We have winter storm warnings from parts of South Dakota, areas of Kansas. And, Neil, this stretches all the way through all of Maine. So it's a really big swathe of area here. So, you're going to be looking at some very heavy snow. And the southern side of this is going to be very rainy, could be seeing some flooding with this line of storms that will move through.

And we could be watching severe weather breakout tomorrow on the southern side of this as well. However, go to the north, it's really kind of right on the north side of the Ohio River where we're going to be seeing that transition into snow, and eventually in across parts of the Northeast throughout tomorrow night and into the day on Sunday.

By the time this has gone, which will happen, say, Sunday afternoon, I will tell you, get out and shovel your roads or your driveways. Shovel your sidewalk tomorrow afternoon as soon as you see that snow done, because it's going to get really, really cold after that.

And whatever's on the ground is going to freeze very rapidly. Snowfall totals will be extreme across interior sections, that said, I think a little bit lower than we thought yesterday. Yesterday, I think we thought we'd see a lot of areas maybe two feet-plus. Now I think we will see a lot of areas maybe 18 inches to 24 inches.

So, still a lot of snow, but maybe a little bit less. And then right here along I-95, New York down towards Philadelphia, definitely D.C., think we will see a little more rain with this than snow. That will keep the snowfall totals down just a little bit.

But there will be snow, and there will be slush and there will be a hard freeze there you go, one inch in New York, but take a look at this, temperatures, Neil, a big concern. Sunday night into Monday, temps will plummet very fast, freeze everything that is out there.

And if it is kind of a thick thing, you're going to want to get rid of it right away.

CAVUTO: Thank you, my friend very, very much.

All right, Rick Reichmuth.

Now to FBN's Jeff Flock in Chicago, where they're bracing for this -- Jeff.

JEFF FLOCK, CORRESPONDENT: Already started, Neil, as perhaps you can tell. I don't know if you can tell, very light snow at this point.

But we're on the leading edge of it. We think maybe eight inches, maybe 10 inches in Chicago. I stand in front of the biggest salt pile in the city, as perhaps you can see, city workers continuing to work it there. It kind of gets into a big boulder-like consistency. So they need to keep kind of fluffing it up, if you will.

There are 350,000 tons. Yes, you got that right, 350,000 tons of snow at the ready in Chicago because they haven't had to use it yet. Rick makes a great point, though, in, if you don't get it melted or moved over the weekend, it is going to freeze in place and it'll be with us for God knows how long.

Winters tend to last until about May here in Chicago, as you see them work that snow pile. There could be also lake-effect snow here, which, of course, makes it even worse. Even when the storm has passed, you get the precipitation coming in off Lake Michigan. That tends to make it bad here in the city near the lake, as well as Indiana and Michigan, those shores of Lake Michigan, the Western shores of Lake Michigan as well.

What can I tell you? Looks like 300 plows, the city tells us, are out or will be out. I leave you maybe with a picture of them. The lights are flashing over there, if Larry is able to see them, those, some of them dump trucks with the plows attached. Those are salt trucks, though, that you see right there, which will soon be filled and out on the street.

Not a disaster, Neil, but a mess, that's for sure.

CAVUTO: Yes, to put it mildly, my friend. All right, thank you. Be safe yourself, Jeff Flock.

Well, flight delays, cancellations are already piling up as we speak.

Alicia Acuna in Denver with the latest -- Alicia.

ALICIA ACUNA, CORRESPONDENT: Hi, Neil.

Yes, and the TSA says that this will be their busiest day of the holiday weekend. Between today and Monday, more than eight million passengers will pass through security checkpoints. You add the partial government shutdown and all that stuff that Rick Reichmuth was talking about, and, whew, here we go.

Denver International Airport's spokesperson says that, so far, operations here have not been impacted by the partial government shutdown. However, in checking the daily statements from the TSA, the number of employees calling out continues to grow nationwide.

The TSA saying its workers reporting financial limitations as the reason, but it also says right now wait times are still within its normal times, although some airports do have longer wait times, for example. And no surprise, Hartsfield-Jackson Atlanta International Airport, the world's busiest airport, has the holiday weekend, and folks traveling in and out for the Super Bowl in two weeks.

Georgia Congressman Buddy Carter told Fox's Peter Doocy today, the airport is a challenge.

(BEGIN VIDEO CLIP)

REP. BUDDY CARTER, R-GA: I have been through Atlanta twice this week, and I can tell you there are long lines, and that is something that we need to work on.

But, again, I have complete confidence in TSA and their professionalism.

(END VIDEO CLIP)

ACUNA: On the weather front, the latest numbers from FlightAware here, delays within, in and out of the U.S. at around 2,900. And you can see the cancellations there right now.

Major airlines are waiving their change fees. United, Frontier, Allegiant, American Airlines, Southwest, JetBlue, and Alaska all have information their Web sites. Each policy is different. So please make sure to look that up before you do anything. You can take my word for it, but not just my word.

And also to help you out, make sure to download this app. It's MyTSA app. You download it, it'll help you check on wait times. And lastly, Neil, everyone's just got to be a little patient and kind to these TSA workers who are helping keep us safe and they aren't getting paid -- Neil.

CAVUTO: It is amazing. Alicia, you touched on it here. But I'm hearing more and more, and not just at that airport, but across the country, where they're urging people to get even earlier to the airport, not just two hours, which used to be for international travel, but three hours, no matter how you're traveling.

ACUNA: Three, yes, exactly.

And it really just helps you out and helps everybody else out. But the latest warnings that I have seen from the TSA is, at minimum, three hours. That's something you usually get on an international flight. But this is only if you're going an hour-and-a-half away on a flight. Get here early and be patient.

CAVUTO: Yes, I hear you.

All right, Alicia, thank you very much, Alicia Acuna in Denver at the international airport there.

Now, a growing number of TSA agents have been calling out sick during the shutdown, not a lot, but enough obviously to frustrate some of these lines and people who wait on those lines. Security is going to be a big issue, but not just for this weekend.

Former New York City Police Detective Pat Brosnan. Pat, what are you looking at? What do you worry about when you look at this sort of stuff?

PATRICK BROSNAN, FORMER NYPD DETECTIVE: Well, I think the -- hello, Neil.

I think the primary concern for me is that the air traffic controllers may possibly be flying blind, to the extent that the discussions between them, Department of Homeland Security, Federal Aviation Administration, and the FBI and their unions have stalled in recent weeks with the government shutdown.

So that certainly is concerning to me from a statistical and logistical standpoint.

CAVUTO: Now, obviously, the Super Bowl is a couple of weeks away. I don't think they postpone that, maybe State of the Union addresses, that sort of thing.

But you worry about any venue where there's a lot of people gathering, right?

BROSNAN: Absolutely.

But, you know, Neil, even though morale is probably at rock bottom with the federal workers, the TSA workers, the FBI, the various federal agencies, I'm certain that they remain as committed to safety and security of the people that they're sworn to protect as they were if the government wasn't shut down.

Their commitment is high, their morale low.

CAVUTO: Yes, I would imagine, not paid for upwards of a month, no matter who you are, it is frustrating, whether you have money in the bank or not, because week after week you're expected to show up, even though there's nothing in your bank account to show that you did.

The sick-outs that we seen among some who are at the TSA and those, of course, who monitor the skies, how bad is it?

BROSNAN: Not too bad yet.

And, in fact, I would say they were actually fairly minimal across the board relative to other instances I can think of whether there were strikes, which, by the way, are illegal under federal mandate, with law enforcement.

CAVUTO: Right. Right.

BROSNAN: They're not bad at all. I got to say, again, I think their commitment to safety and security is really still there. I mean, that's their sworn commitment.

And it's got to be very tough. It's got to be a nightmare. A lot of folks live check to check. That's the reality of it.

CAVUTO: Right.

BROSNAN: And this is a tough situation.

CAVUTO: Real quick, while I have got you here, Nancy Pelosi had argued, when she talked about the president skipping his State of the Union speech or giving it in writing, that it was a security issue.

Homeland Security Secretary Nielsen said there was no such issue, and she was surprised that the speaker didn't bounce it off her. I know you would be able to just tell us outright who's right. Who's right?

(LAUGHTER)

BROSNAN: This is a real easy one.

Nancy Pelosi is -- occasionally has a lucid interval, but, right now, she's way off-base, not even remotely close.

CAVUTO: So there is no security compromised in the nation's Capitol for a president to speak to the nation?

BROSNAN: In my view, there is not.

CAVUTO: OK.

BROSNAN: there is not.

This is a manufactured deal. This is what's going on in the sandbox, so to speak.

CAVUTO: OK.

BROSNAN: No, I do not believe that to be true, Neil.

CAVUTO: All right. Don't waffle here. I mean, you're very, very clear.

(LAUGHTER)

CAVUTO: Pat, it's always good seeing you, my friend. I appreciate it.

BROSNAN: My pleasure.

CAVUTO: Now let's talk about that political storm that is brewing between the president and the House speaker, Nancy Pelosi. It's not getting any better, not getting any friendlier.

Blake Burman at the White House with the latest.

Hey, Blake.

BLAKE BURMAN, CORRESPONDENT: Hi there, Neil.

Not getting any friendlier at all. Nancy Pelosi's office says today that the House speaker was willing to travel on a commercial aircraft to Afghanistan with other congressional Democrats after President Trump decided to yank the ability of using a military aircraft to go overseas, but the State Department deemed that trip to be unsafe.

And the speaker is also accusing the White House of leaking those commercial travel plans.

(BEGIN VIDEO CLIP)

REP. NANCY PELOSI, D-CALIF., SPEAKER OF THE HOUSE: The fact that they would leak the commercial flying commercial -- that we were flying commercial is a danger not only to us, but to other people flying commercial.

So, it was very irresponsible on the part of the president.

(END VIDEO CLIP)

BURMAN: The White House pushing back hard on this one, with a senior White House officials saying today -- quote -- "The idea we would leak anything that would put the safety and security of any American at risk is a flat- out lie."

Meantime, the White House also trying to discredit the article from BuzzFeed, which reports that President Trump directed Michael Cohen to lie to Congress about the negotiations to build a Trump Tower potentially in Moscow.

BuzzFeed says Cohen told as much to Bob Mueller, special counsel. Here was the press secretary, Sarah Sanders, just a little while ago.

(BEGIN VIDEO CLIP)

SARAH HUCKABEE SANDERS, WHITE HOUSE PRESS SECRETARY: Look, that's absolutely ridiculous. I think that the president's outside counsel addressed this best and said in a statement earlier today that it's categorically false.

(END VIDEO CLIP)

BURMAN: Even with the shutdown, been a pretty day, Neil, over here at the White House, as President Trump met with North Korea's top negotiator.

And the White House says that President Trump and Kim Jong-un of North Korea are set for a second meeting at some point toward the end of next month -- Neil.

CAVUTO: All right, Blake, thank you very, very much, Blake Burman at the White House.

Well, obviously, a lot going on, and a lot going on in this weekend, not only of the political storm variety, but, of course, in the Mother Nature variety.

We're live, as we always are every Saturday, and have been for a year. That's right. "Cavuto Live" is 1-year-old tomorrow, and we're focusing on all these developments with South Dakota Republican Senator Mike Rounds. We have got California Democratic Congressman Eric Swalwell, a potential 2020 presidential candidate, by the way.

It's easier to keep track of those who are not presidential candidates, but we will do both.

Meanwhile, former Whitewater independent counsel Ken Starr and NFL Hall of Famer Joe Namath, part of our two-hour coverage, as we celebrate one year on weekends, six days working for you.

You're welcome, America.

(LAUGHTER)

CAVUTO: More after this.

(COMMERCIAL BREAK)

CAVUTO: All right, 28 days in, we are nowhere near getting this impasse resolved that has produced a shutdown of record proportions here.

And, of course, you have been hearing this spreads and affects everything from folks waiting for mortgages, to small business types waiting for small business loans, and on and on. And we told you at the outset what's going on to the nation's airports, longer lines, et cetera.

Illinois Republican Congressman Adam Kinzinger on all of these developments.

Congressman, good to have you.

REP. ADAM KINZINGER, R-ILL.: Yes, thanks. Good to be with you.

CAVUTO: What is your sense about when the potentially ends? What do you think?

KINZINGER: I don't know.

I am so disappointed in, frankly, everybody right now. I'm not Mr. Negative Pants, but it's like it's crazy. I think there's going to be a couple points coming up again. There's going to be another missed paycheck soon.

There's going to be a point at which food stamp money runs out, which will be huge. We will see what the lines with TSA, the economic impact this is having.

I look at all this, and I just go, these are things that are completely avoidable. This is -- it became a government shutdown, in essence, in the last couple decades. It used to just be called a lapse in appropriations, because we used to be able to get our act together and actually come to solutions.

And, right now, we're not. And we're just sitting here with really no end in sight.

CAVUTO: All right, now, the tit for tat between the president and Nancy Pelosi over a trip, I mean, a lot of people are just saying it started with the president, it continues with obstinance on both sides.

Where do you stand on this?

KINZINGER: Well, I think it started with Nancy Pelosi canceling the State of the Union.

And so, yes, but I also think there's no reason in just pointing fingers and blame here, because we're not going to convince anybody of the other side.

Everybody's got their opinions made up.

CAVUTO: No, you're right about that.

So, who gets then the -- should the president give a State of the Union speech? Do you agree with Senator Rand Paul, for example, who raised the possibility, just hop on over to the Senate side and give it?

KINZINGER: Yes, I would like to see it happen in the House. I guess the Senate would be fine. It's kind of a smaller chamber.

CAVUTO: Right.

KINZINGER: I'm not sure how we all would fit over there.

But, look, I would rather do him do it at the House of Representatives. I get that she doesn't want him to have a forum in front of the American people. But that's not her choice. I guess, in theory, it is, because she can cancel them.

But, I think, look, you lost the presidential election. So the president has a right to come and speak at whatever issues he chooses to. I think it was petty. And I wish all this would end on all ends, and we could just get together and figure out, look, Republicans are probably not going to get everything we want, or we may have to give Democrats something they want, vice versa.

But when you start out a from a position of, there will never be a wall and we will never negotiate it, we're stuck in this -- in this problem right now, and we can't see a way out.

CAVUTO: Let me ask you about whether the president could resolve it by just declaring an emergency, Congressman, and even though it's very likely a district court could slap that down, the monkey would be off his back, so to speak, that he could go back to his supporters and say, well, I tried.

What do you think?

KINZINGER: Well, I think he's probably within his right to do it.

I think it would have to depend on what that emergency looks like. A national emergency are anything from like 9/11 to a swine flu outbreak. So it depends where it falls within that.

I would rather that not be the case, because I think this is the kind of thing that Congress needs to grow up and deal with. We need to be adults here. We have to realize that we have got to get out of this politics of the only way to win is if the other side completely loses, because neither side, when they have a branch or a lever of government, they have the option of not completely losing.

Let's call it a win-win, or let's call it a lose-lose. I don't care what you call it. But there's a way out of this. And it takes compromise. And I guarantee you, Neil, if we did something like that, it would probably be supported by about 80 percent of the American public, when it was all said and done.

CAVUTO: Well, it would certainly be worthy of a Fox News Alert. And we have an animation and a drumbeat to that, Congressman.

KINZINGER: That's right. That's right.

(LAUGHTER)

CAVUTO: Let me ask you.

I had Senator Rand Paul here. You have been critical of him for looking to get out and support the president on this move to get American personnel out of Syria. He has said that we have been in there so many years, you could find any excuse to stay there, but we got to go.

What do you say?

KINZINGER: Well, I -- he's wrong.

But I think, look, the inconsistencies of Rand Paul -- at one point, he put out a budget that would have slashed the military by something like 25 or 30 percent. On the same day, he called for sanctioning Saudi Arabia for the Khashoggi killing. He called for lifting the sanctions against Russia for their invasion of Crimea.

So he's very inconsistent on foreign policy. And it's all -- it's a legitimate viewpoint. It's just one I happen to strongly disagree with, which is, we have to stay on the offense against ISIS. I would love to declare the war against ISIS over too. It would be a lot easier and a lot more comfortable, but it's not a reality.

And so there's multiple levels. You have a military part of it, and you also have to help the next generation reject terrorism from within their own religion.

CAVUTO: All right.

Congressman, thank you very, very much. Stay warm this weekend, all right?

(LAUGHTER)

KINZINGER: I will try. See you.

CAVUTO: All right, Congressman Adam Kinzinger.

All right, in the meantime, we are getting some signs out of the Chinese that they are willing to make good on a promise to erase the trade gap between our countries within six years. That's why stocks were up big time -- after this.

(COMMERCIAL BREAK)

CAVUTO: No one has confirmed this, but I want you to see an inflection point in the markets today, and one of the reasons why we ended up 336 points on the Dow, the fourth straight winning week for the Dow, and the best start to the year since 1987.

It was this report that the Chinese are committed to buying a whole bunch of American imports over the next six years, enough to erase the trade surplus they enjoy with this country, to the tune of 800-plus billion dollars.

This comes a day, even though the Treasury Department denied it, where we had hinted we might roll back some of the tariffs and the like against the Chinese and Chinese products ahead of a trade deal as an act of good faith.

Market watchers Larry Shover here -- Shover, I should say -- John Layfield as well.

John, how much credence do you give these reports? They were obviously enough to propel, especially today, if it's true on the Chinese part, to eradicate the gap between our countries. But how important was that?

JOHN LAYFIELD, CONTRIBUTOR: It was very important to the market.

The market can handle any type of scenario, bad scenario. They can handle Brexit. It can handle a slowdown in Europe. It can handle a slowdown in China. It can't handle uncertainty. And what is uncertain right now is this trade war. Is it going to escalate? Is it going to disrupt global supply chains?

That's a very big deal to the market, because you can't handicap that and you can't price it. So I think what the Chinese are offering here is a win for President Trump.

This is almost exactly, by the way, what they offered in the meeting in Buenos Aires in December, when President Xi and President Trump met face to face. But I think, this time, the president might be under the pressure to take it, just to get a win, to get out of this thing.

It doesn't deal with intellectual property. It doesn't deal with all the big things that Lighthizer has a problem with. But it could be an off- ramp.

CAVUTO: Our trade rep, Lighthizer, you're talking about there.

Larry, I mentioned earlier that we're off to the strongest start for the markets since 1987. Now, of course, we know what happened at the end of 1987, but...

LARRY SHOVER, SOLUTIONS FUNDS GROUP: Yes.

CAVUTO: ... what do you make of that?

SHOVER: What I make it is that we're in a reset right now.

Today, this week, up two-and-a-half percent, a lot of people performance anxiety, a lot of chasing. Earnings reports are coming out no worse than feared. We have this constant positive reverberation with regards to China, whether it's true or not. The market is assuming that a deal is going to be made of some sort.

And beyond that, we have -- we have Williams coming out today very dovish, saying something brand-new, that data dependency, not just on rates, but also on the balance sheet run-off. And that's -- that's something the market is hugely concerned with.

So, as it stands now, we're trading at about a 15-and-a-half multiple, assuming $173 for the S&P 520, 20 to 40 points higher from here. It's starting -- it'll start to get hard. But that that's what's going on, that's what's happened over the last five days.

CAVUTO: John, it's interesting.

While there have been body blows to other markets around the world, and China and concerns about a slowdown, no matter what happens on trade, Britain, whether it stays or goes from the European Union and the Brexit troubles, we have done OK. Why is that? Is it just a flight to quality, we're a great alternative to all that, or what?

LAYFIELD: I think that's exactly right, Neil.

You look at what is going on in the E.U. And if you have something like a hard Brexit, that probably gives the green light to Italy to probably drop out of the E.U. as well. And you probably talking about the solvency of the E.U. as an entity going forward.

That is terrible for the -- especially for the continent of Europe. It's not great for the globe. But you also look at the slowdown in China. And when you look at those three big economies, when you include the United States in it, we are by far the best out there. We are in a slowdown, but we're not falling off a cliff.

We still have full employment. We had record retail earnings this last quarter. This economy is doing OK. It is slowing, but it's by far the best in the world right now.

CAVUTO: You know, Larry, do you worry about that we're priced for perfection the way the month has started?

Believe me, a lot of people prefer this than the month before. What keeps you up at night?

SHOVER: Well, it's definitely not the snap-back, I mean, although it was a little too far too fast.

But what keeps me up at night, if anything is just like corporate debt. I mean, that is something that's not been talked about a whole lot. Household debt is in great shape relative to 2008.

But what does worry me is this credit quality of corporations. I think, at some point, as I mentioned earlier, a multiple of 16 times is about what I think the stock -- investors are willing to pay for the S&P 500 because of things like swelling fiscal deficits and also credit quality.

So, something like that could come unwound fairly quickly. And given the rapid deterioration of consumer sentiment, which we even saw today with University of Michigan, it's something that's worth pausing about.

CAVUTO: All right, I want to thank you, Larry, final word on the subject. John, always goes without saying. Thank you very much, guys.

LAYFIELD: Thanks.

CAVUTO: All right, the back and forth and the nastiness between Speaker Nancy Pelosi and the president of the United States continues, this time over the president revealing her overseas congressional trip.

Is that fair? Is that right? Why Republican Congressman Michael Turner said the president did the exact right thing -- after this.

(COMMERCIAL BREAK)

CAVUTO: Think quick, the government shutdown and the Super Bowl in two weeks. We connect, you decide -- why what lingers in Washington could have a very big effect with what happens or maybe doesn't happen in Atlanta.

Stay with us.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

PELOSI: We had the prerogative to travel commercial. And we made plans to do that, until the administration then leaked that we were traveling commercially.

And that endangers -- we weren't going to go because we had a report from Afghanistan that the president outing our trip had made the scene on the ground much more dangerous.

(END VIDEO CLIP)

CAVUTO: All right, we have got Ohio Republican Congressman Mike Turner, who says the president did the absolute right thing, not only canceling the trip, but alerting people to the fact that he did.

Congressman, very good to have you.

REP. MICHAEL TURNER, R-OH: Thank you. Appreciate it.

CAVUTO: Nancy Pelosi is saying that a lot of people's safety was compromised.

(CROSSTALK)

CAVUTO: What do you say?

TURNER: Well, I think this is a travesty that the government remains closed.

People's lives are being impacted. Federal workers are not being paid. And the fact that Nancy Pelosi was planning a trip to go to Afghanistan, instead of staying and negotiating a settlement to this, and getting government open and back to work, I think, really shows how she has no intention of trying to end the stalemate.

I think Chuck Schumer is probably regretting the fact that he made a deal with Nancy Pelosi in December. In December, the House passed a bill that would have fully funded the government, that would have also funded the wall. There were majority votes in the Senate for this to pass. It would have gone on with the president's signature.

But Nancy Pelosi, heading toward the speakership, with Chuck Schumer, got that bill blocked in the Senate. And now we're in the hold that we are today.

I think the president did the right thing in saying that no military aircraft should be taking Nancy Pelosi and a set of Democrat members of Congress on a weekend trip, when, in fact, there's work to be done in Washington.

CAVUTO: You could still talk over the phone, though, right?

TURNER: Well, I mean, this is -- not -- not when you're in Afghanistan and in a plane and the -- over the trip -- and it's not just talk. I mean, this is work.

This is where, obviously, your focus is -- is distracted. Her focus is, obviously, she wants this to continue. She's for open borders. She doesn't want the border to be closed. This is a core value of hers.

And I think that was probably a surprise to Chuck Schumer, because he's -- he's not made it a core value. The fact that she said that a wall is immoral shows the American public that she doesn't have much room to negotiate from.

That leaves us all in a stalemate, and without much hope that there's going to be a resolution to this.

CAVUTO: All right, because she did vote in the past for wall funding under Barack Obama, as did Chuck Schumer. So there's a lot more in common between the parties, including many in your own, willing to entertain addressing DACA as part of a comprehensive solution.

But that doesn't look likely.

TURNER: Well, there's -- there's just no work happening.

I mean, the president is at the White House. He's saying, you know, let's negotiate, let's sit down. There should be -- be ongoing negotiations, not trips to Afghanistan, for the speaker of the House.

CAVUTO: All right, Congressman, thank you for taking the time. We do appreciate it.

Meanwhile, Democrats are preparing to make a run for the White House in 2020, pulling out all the stops, from late-night shows to social media. It's a different strategy. It's a new strategy. Will it work?

(COMMERCIAL BREAK)

CAVUTO: All right, New York Democratic Senator Kirsten Gillibrand is Iowa today after announcing an exploratory committee to run for president of the United States.

It's going to be a crowded field. In fact, we thought it might be easier to keep track of those not running for the White House in 2020.

Be that as it may, it's a crowded field. It's going to have maybe two dozen or more top names all vying to become the next president of the United States.

Democratic strategist Robert Patillo joins us, as well as The Federalist's Emily Jashinsky.

All right, looking at all of this, Robert, and wondering probably who emerges. I don't know if you have any favorites. But do you ever worry about a field that could be too crowded?

ROBERT PATILLO, DEMOCRATIC STRATEGIST: Well, no, there's no such thing as a field that can be too crowded.

Even look at the Republican field in 2016, where you had an army of Lilliputians trying to take down Hillary Clinton. Eventually, Donald Trump rose to the top, and, against all odds, won.

So just because there are a lot of candidates running, what you will see is iron sharpens iron. We bring all these people together in the marketplace of ideas. America will have time, enough debates to get to know these candidates, and find out exactly who they want to compete against Donald Trump in 2020.

CAVUTO: Emily, obviously, it was an acrimonious nomination battle for Republicans in 2016. They all settled around and ultimately supported, not in the end fully, but enough, to make Donald Trump the next president of the United States.

But it's tough to do that in a divided field, isn't it?

EMILY JASHINSKY, THE FEDERALIST: Yes.

So I agree with the point actually that having a full -- the more candidates you have, hopefully, the wider spectrum of ideas that you have represented in the field. I think that's a good thing.

But I think there are clear logistical challenges that the Republicans faced -- illustrated by what the Republican faced in 2016. How do you divide debates? And that's something the DNC is working with right now.

When you have so many candidates, how do you determine what's fair? Who do you highlight? Who do you give more time to? Who do you emphasize? There are serious logistical challenges that I think Democrats are going to have to confront pretty quickly, because it's looking like it's going to be a very crowded field.

CAVUTO: It's also looking, Robert Patillo -- and you know this far better than I, so I will defer to you -- like a field that's going to be hard left.

Now, that could change if Joe Biden decides to run. He's considered more moderate in this possible bunch. What do you think?

PATILLO: Well, one thing we have seen is that this week on this discussion on the shutdown, the most dynamic voice for young people is when Cardi B made a statement about it.

So we're in a reality show culture. We're in a reality show civilization. So when you have that many candidates, it turns into a weekly reality show during the debates. So the more these people argue, the more they put these ideas out there.

And we're debating a 70 percent income tax. Let's have an entire debate session on that, so we can explain to people why that won't work for Americans. And that's how you get to a more moderate, centrist candidate and somebody who's going to be the actual voice for those working-class people.

What we haven't seen right now in the Warrens and in the -- some of the other further afar, further left candidate is, what are you going to do about bring factory jobs back? What are you going to do about making sure education is available for more young people? What are you going to do about health care?

So once we get out of these far leftist ideas, we will get back to a centrist candidate, but it's just going to have to, in a Darwinian way, work its way back together.

CAVUTO: Emily, the polls are all over the map. So I don't stress about them one way or the other.

But I did find it interesting that the president is picking up more support from Hispanics. That goes against the general view that they would be upset, as if you can typecast them, by his stance on the wall, et cetera. What did you make of that?

JASHINSKY: Yes, I think actually Republicans always do what would be surprisingly well to people who only pay attention to the liberal narrative with Hispanics.

I think that's been the case. And it's certainly true in different Hispanic communities in different states. We see different percentages of the vote going to Republican populate -- going to Republican candidates. But the Hispanic vote is so much more complicated than the narrative in the media often suggests.

CAVUTO: I think you're right.

JASHINSKY: And I think that's that's definitely true.

CAVUTO: Final word on the subject.

Robert, I want to thank you as well.

Thank you, guys, very, very much.

JASHINSKY: Thanks, Neil.

PATILLO: Thanks.

CAVUTO: All right, it's already a one-month-long super mess, but now it's going to rattle the Super Bowl?

After this.

(COMMERCIAL BREAK)

CAVUTO: All right, forget State of the Union. The Super Bowl?

Well, to hear some tell it, yes, this government shutdown could actually affect the Super Bowl.

I don't quite get that, but maybe Chad Pergram can help me out.

Chad, what's going on?

CHAD PERGRAM, CORRESPONDENT: Well, the reason is because it's a national security event. It's deemed that by the Department of Homeland Security.

And Jim Clyburn, the Democratic whip, got the attention of his fellow Democrats in a caucus meeting earlier this week when he mentioned this as being a potential problem. He said, look, there's a lot of people out there working to protect this event, and they're not getting paid.

I talked to a couple of Democratic lawmakers who said that really got our attention. Another one said, if there's anything that would definitely reopen the government, it would be canceling the Super Bowl because of security reasons.

Now, nobody's ready to go there yet. I asked Steny Hoyer, the Democratic leader in the House of Representatives, earlier this afternoon about this. And he said, "We want people at their sharpest."

So here's the issue. They still don't have any resolution to this government shutdown. Mike Pence, the vice president, came to the Capitol to meet with Mitch McConnell last night. Nancy Pelosi, the speaker of the House, has just left. The meeting between Pence and McConnell is the first substantive event we have had a couple of weeks here on this government shutdown.

But there is no end in sight. And here it is late on a Friday afternoon. The Capitol is basically in. Nancy Pelosi just left, and the government will probably remain shut down again well through next week.

CAVUTO: Oh, I'm sorry. I thought you were throwing to a bite.

(CROSSTALK)

PERGRAM: Sorry.

CAVUTO: I'm not normally that -- I'm not usually that slow.

(LAUGHTER)

CAVUTO: Actually slower.

What's your -- what's your gut tell you, Chad, about how long this drags on?

PERGRAM: Well, what's going to happen next week is that the House of Representatives is going to start to move another batch of six spending bills to try to reopen the government, apply pressure on Republicans.

These are Senate bills which were already conferenced, meaning they went to a conference committee. That's a high level of legislation, not through the floor yet.

At some point, some people think that dam might have to break. And what we don't know is, in 11, 12 days, is there going to be a State of the Union message? That could be the tipping point, Neil.

CAVUTO: All right, we will watch it closely, my friend. Thank you very, very much.

PERGRAM: Thank you.

CAVUTO: Great reporting throughout, Chad Pergram.

It's because of developments like these that we decided we had to get off tape on weekends.

With our four fine business shows that we had, they were often interrupted by live events. So we started something called "Cavuto Live," a two-hour show dedicated to the biggest Main Street and Wall Street news, business and political developments, two hours uninterrupted, live, every Saturday. That's 1-year-old.

More after this.

(COMMERCIAL BREAK)

CAVUTO: My friend Shepard Smith says breaking news changes everything.

It is why we realized about a year ago that four shows on tape weren't going to cut it in this breaking news live world. Then we came up with something called "Cavuto Live." Someone else named it after the host.

OK, I liked the idea. It's only a year old. Take a look.

(BEGIN VIDEO CLIP)

CAVUTO: Where were you last year at this time? Well, we were here, exactly here, last year at this time.

Welcome, everybody. I'm Neil Cavuto. And thank you for joining us for a debut edition our "Cavuto Live." I named it myself.

Pat Buchanan, good to see you.

PAT BUCHANAN, FORMER WHITE HOUSE DIRECTOR OF COMMUNICATIONS: Good to see you. can you down on the air conditioning a little bit here?

CAVUTO: A little bit. A little bit.

Joe Theismann, it's so good seeing you. Thank you very much.

This is why I didn't ask the tough questions, because, as soon as he shook my hand, he could break it.

Senator Tim Scott, rising star in the Republican Party.

SEN. RICK SCOTT, R-FLA.: This is cold. But the Schumer shutdown is even colder.

PRESIDENT DONALD TRUMP: Brandon Judd has been a stalwart.

BRANDON JUDD, PRESIDENT, NATIONAL BORDER PATROL COUNCIL: This president is willing to think outside the box. He's willing to say, this is what I need to do, and this is how I'm going to do it.

REP. STENY HOYER, D-MD, MAJORITY LEADER: Mick Mulvaney and Mr. Kushner and Mr. Pence, perhaps they will come up with a solution that Senator Schumer and the Democrats and Leader Pelosi feel is consistent with what we have been saying.

CAVUTO: But isn't that position being modified as well, Congressman, that the Democrats have also changed their mind in this, but, look, at the beginning of this year, by and large, four of the very things you're repudiating now?

HOYER: Well, I don't know that I agree with that, Neil, that we have repudiated what we said then. We have always been against the wall.

REP. MICHAEL MCCAUL, R-TX: A year ago today, nearly every Democrat voted for my bill to fully authorize ICE into law for the first time ever, including Nancy Pelosi, including the Democrat who introduced the bill to abolish ICE.

REP. EMANUEL CLEAVER, D-MO: I believe that we need to have the Mueller investigation completed. I think it's absolutely ridiculous and even stupid to want to impeach someone before the investigation is over, while at the same time you're saying, we need to protect the investigation.

REP. JIM JORDAN, R-OH: He's the key player. He's the central figure throughout this entire narrative, ran the Clinton investigation, was the lead investigator on the Russia investigation.

He's the central character. And I think those sequence of text messages are important. Remember, Peter Strzok opens the Russia investigation on July 31. Eight days later, we have the text message that we saw in the report. We will stop Trump from being president.

CAVUTO: Apparently, Rod Rosenstein, the deputy attorney general, met with the president last week. And we are told, even though no one has confirmed this, that he told the president for the second time, I believe, in as many months, you are not the focus or the target of this investigation, this Bob Mueller investigation.

Do you believe that?

SEN. BEN CARDIN, D-MD: I have confidence in Mr. Rosenstein. I have confidence in Mr. Mueller. I want both of them to be able to do their jobs.

I think the fewer comments we made about -- we make about conclusions, the better off we are. Give them the space they need to complete this very important investigation.

REP. ERIC SWALWELL, D-CALIF.: We also, as Democrats, have to be honest with ourselves that there are a lot of people out there who felt very disconnected and the opportunity was farther and farther out of reach, people who voted for Barack Obama and then voted for Donald Trump.

CAVUTO: Phase two of tax cuts, I know you want them, make individual rates permanent. The Senate doesn't seem as keen on it, likely wouldn't have the 60 votes anyway for it. Quickly, your thoughts on that?

MICK MULVANEY, WHITE HOUSE BUDGET DIRECTOR: If we could do it again through budget reconciliation, it could be 50. Again, that comes back to the world being different that depending on what rules in the Senate you want to apply. But we are very interested in looking at trying to make those tax cuts permanent.

PELOSI: In terms of the bonus that corporate America received vs. the crumbs that they are giving to workers to kind of put the schmooze on is so pathetic.

BERNIE MARCUS, CO-FOUNDER, HOME DEPOT: When they start talking about crumbs to people in America where these are not crumbs, it's lifeline.

WILBUR ROSS, U.S. COMMERCE SECRETARY: There's about 3 cents worth of tin plate steel in this case.

CAVUTO: I don't know what's more remarkable in the commerce secretary's explanation of this, the fact that the impact of this would be so minimal, or the fact that this billionaire pops into a 7/Eleven to pick up a can of soup.

UNIDENTIFIED FEMALE: U.S. Steel posting a profit last year.

UNIDENTIFIED MALE: Are you really willing to punish the consumer that much for an industry that is not being punished that much from a growing economy?

UNIDENTIFIED FEMALE: And, by the way, and holding up a can of soup or hold -- or lecturing and somebody about the cost of a six-pack of beer, it's condescending.

CAVUTO: This holiday season, American consumers could look at higher prices. Maybe they absorb that and they're perfectly happy to. Consumer confidence is at decades-long highs. So maybe you get through it. But are you worried about it?

PETER NAVARRO, DIRECTOR, WHITE HOUSE OFFICE OF TRADE AND MANUFACTURING POLICY: Low prices have a high cost. It's lost factories. It's lost jobs. It's lost intellectual property and technology. And we cannot afford to lose any more of that.

CAVUTO: Lindsey Graham disagrees with you, Ambassador. His view was, it's unequivocal that the Saudis had a role in the killing of this journalist, and we cannot let it go by, and as long as this prince is in power, we shouldn't let it go by. You say?

RICHARD GRENELL, U.S. AMBASSADOR TO GERMANY: Look, I think that the evidence is clear. And it's very frightening. We have to get to the bottom of all the facts, and whoever is responsible must be punished. There's no question about that.

CAVUTO: There have been rumors circulating that you're considering a presidential run in 2020. Is that true?

REP. TULSI GABBARD, D-HI: I'm focusing on the next few weeks ahead of us and doing my best to continue to serve Hawaii and our country, and hopefully get a lot more like-minded leaders who are fighting for the interest of the people of our country first and foremost.

CAVUTO: I don't see anyone talking to the other side right now.

REP. MARK MEADOWS, R-N.C.: Well, we have had conversations with the other side. I can -- I can tell you, I spoke to the president yesterday at length.

CHARLES PAYNE, ANCHOR: I think the best thing they would ever be able to do in this country is to get rid of continuing resolutions and make Washington do their job.

CAVUTO: Now, I know some of you are cynically saying, Neil, did you time a government shutdown for this new show's debut? That would be ridiculous.

(END VIDEO CLIP)

CAVUTO: And another shutdown. It must be just timed to perfection.

That's what we have been doing for the past year. I hope you can join us, as we continue this fair and balanced show that gets a jump on a lot of the Sunday shows about issues that you care about, when breaking news really does literally change everything, the best of the business world, the best of, well, the political world, all the world.

And, tomorrow, we continue that with South Dakota Senator Mike Rounds, Democratic California Congressman and potential presidential candidate Eric Swalwell, and, of course, Ken Starr, also Joe Namath.

It kicks off tomorrow 10:00 a.m. Eastern time live. We're there for you. We always will be.

Here's "The Five."

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