tv Street Signs CNBC November 10, 2017 4:00am-5:00am EST
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hello and welcome. these are your headlines it's irreversible china's xi says globalization is here to stay, the calls for changes to make it more fair. >> translator: we should make economic globalization more open, inclusive and balanced to benefit countries and people of different social groups. >> a stark warning on trade, donald trump seays world leaders will not be taken advantage of
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any longer >> we cannot achieve open markets if we do not ensure fair market access. in the end, unfair trade undermines us all. jumps to the top of the stocks after a solid third quarter. rallying on the return, shares trade higher on the news patrick will come back as president. just want to bring you breaking news, the company announced earnings are trading up slightly. the company confirming its guidance of cash generation saying it confirms guidance of low, single digit 2.2 billion
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euros. gains to 2%. let's have a quick look at how european markets are faring one hour boo the trading session we are holding on to the flat line this is after we cake off the biggest one day loss since june yesterday. one point down is what we saw yesterday, given the weakness and earnings not too much excitement. the tone overall in global equity has been subdued given the latest from the senate tax bill which might see a delay until 2019 let's have a quick look at the european markets and see how they are faring. ever so slightly in the red. cap 40 is off by 40 points we have a lot of earnings to
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deal with. let's have a look at how they are performing this morning. there you go basic resources up at 0.6% insurance lifted today given the share. we'll get to that in a second. auto's retail slower today let's bring an update on the earnings the luxury group's watch business the second biggest luxury company says growth will slow. but, it confirmed 80% jump in the first half profit shares allianz shows a drop in third quarter. catastrophe related claims dropped them down. the jerman arcelormittal with slower earnings outlook.
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let's look at altice shares, moving high. michael coombs resigned. as the company tries to reassure investors after poor results in europe the stock lost a third of its value when they said they lost 75,000 broad band clients. not much of a rebound, i would say. u.s. president, donald trump and his chinese counter part set out competing trade visions and speeches trump touted his agenda and xi called on economies to be more open and embrace free trade. nancy is live from the summit, listening to both speeches what is the reception there?
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>> reporter: i will say, both leaders got a strong applause at the conclusion of the speeches, but starkly different visions put forward on the stage behind me let's start with u.s. president, donald trump as you mentioned, u.s. president trump sent a warning about free trade to the region saying he was very encouraged by the growth he saw in the economies in apec. in the past, the u.s. hasn't always been treated fairly when it comes to doing business here. he, once again, said other players had been undermined in the push toward free trade listen to what president trump had to say about his vision for the future >> the united states is prepared to work with each of the leaders in this room today to achieve mutually beneficial commerce in the interest of both your countries and mine that is the message i am here to
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deliver. i will make bilateral trade agreements with any indo pacific nation that wants to be our partner and will abide by the principles of fair and resipry col trade. >> reporter: there you have it, president trump talking about fair trade the slight difference we heard today, it wasn't just all about america first. there was a message saying, you, too, will benefit if you put your country first at the end, there was a message of home is the most important place wherever you travel in the world. the u.s. president is driving home, he thinks it is in the best interest of companies to work in their own interest rather than sign on to large, multilateral deals that is why many here have been looking at a new world order with the u.s. president launching this u.s. as a
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unilateral and bilateral partner. remember, this is off his trip in china where the u.s. has touted the bilateral deals, the multibillion dollar deals they struck with china. this is part of that reoccurring theme. then chinese president xi after the meeting took the stage about 15 minutes after u.s. president trump with a very different message. he started off the speech talking about the future he doesn't want to look toward the past he's talking future and more cooperation. listen to what president xi had to say >> translator: openness brings progress while self-seclusion leaves you behind. put in place a regional cooperation framework with consultation with equals, wider participation and shared benefits open an economy and trade in
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investment liberalization facilitation >> reporter: there you have it that was chinese president xi with how he views the region as a global partner president xi gave more information on his domestic approach he talked about programs he has to improve the economy at home this is carrying on at the recent one as well he talked about the road initiative and how it's do mesicalme do mesically challenges he was heavy on the details of his approach u.s. president trump seemed to be elaborating on the doctrine for foreign policy >> what was president trump's message to north korea because over the past couple days, after visiting seoul, didn't walk away with deliverable messages with the fight against north korea.
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what was the message today >> reporter: he certainly did address that they don't want to be held hostage by north korea when it comes to someone threatening nuclear war and said how significant the risk is. they are trying to get more progress on the regional leaders. i was on a panel with the malaysian prime minister and he is very concerned and mentioned that the 21-leaders meeting will continue to discuss that issue definitely u.s. president trump continue to talk about how much of a threat that was to the region i think he said, basically, economic security was national security we see him connecting the two issues closely >> stellar work as always. have a good flight home. have a fantastic weekend this is one of the top stories, u.s. senate republicans unveiled their tax plan that
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differs in keyways by the version by the house it deals differently with state tax as well as state and local taxes. casey hunt filed this report >> reporter: senate republicans unveiling what they say is the most sweeping rewrite of the tax code since "top gun" was in theaters >> i feel the need, the need for speed. >> reporter: racing to pass the plan before the end of the year. >> the party fractures most in 2018, we'll get a severe primary challenge. a lot of them will probably lose >> reporter: the senate reforms don't seem to be as sweeping as the house's version. it cuts corporate taxes to 20%, double the standard deduction for families and eliminate deduction for allstate and local taxes. they don't go into effect right away seven individual barack elts instead of four in the house the home mortgage deduction
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remains untouched. does it hurt middle class families or helps them >> it helps. nobody is going to be helped if we just balloon the deficit. >> reporter: democrats talking about the bill it's not that clear cut. >> if it grows the economy, if it does, if it translates into middle class workers with higher wages. that's the big if. there's no guarantees there. >> reporter: the house planning to vote as soon as next week casey hunt, nbc news, the capitol. >> let's talk about the impact this is having with david. david, we saw quite a big reaction in u.s. stocks falling significantly, at some point off by 200 points and the dollar also falling is a potential delay in the tax reform, is it straight forward sell on the dollar
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>> think there is an unexpected chance something gets done this year yes, if there's going to be another one year delay, this means the dollar and lower yields the dollar had a rally since september when this debate about the tax cuts became more relevant again since then, we have seen the biggest yen sell off since donald trump was elected it was large because of this tax debate in the u.s. >> what's interesting is when we talk about the positioning on the long side is heavy, despite that, you know, underperformance when we got more information about the fed chair and the tax reform why do you think positioning is still extended when would you expect it to be pulled back? >> i think it's still extended no one know what is to buy equities, still the most attractive region. we have been pointing out, 1.8
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times. normally, it can rally and they don't end before the market is three times. still, the cheapest region compared to europe and the u.s fixed income, do you want to buy it at these yields people generally see this as a tactical correction. we have seen some buying of dollars because people hedge their holdings in equities and fixed income nobody wants to sell the underlying assets. they believe in is a temporary pullback >> when does this end though or is there no end in sight is there anything out there like the tax reform or anything that would end it >> markets leaving aside something geo political that may surprise us is inflation if you are going fo get signs that this huge consensus will never be any significant inflation in the world again, if that folds, then you are going
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to get a huge sell off, not only in markets, but also a lot of pressure off the other low inflation trades like tech stocks, et cetera that is the risk to the trades next year. >> finally, let's talk about the middle east. a lot has been going on geo politically over the last seven days or so with the corruption crackdown and the proxy war with saudi arabia and lebanon how does this play out for investors? what sort of reaction have you seen how much are they pairing back in that region >> in that region, quite a bit of selling in assets especially when it comes to lebanon where the prime minister had to resign and, of course, the old price spiked we think the price would pullback somewhat. we think that the tensions are
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high don't believe they will escalate to an extent that these old prices justify it's like north korea was in the summer, something that will probably dissipate then, at the end of the day, it's opportunity to add to some of the assets, particular in d saudi arabia where it ends >> coming back to the oil price, we are seeing a seismic shift. for the first time in two or three years, a risk premium reflected in the oil price that's positive, isn't it? >> not really. i mean, even for these countries that export, it's a double edged sword. it's a risk that is causing this and for the world economy, this is problematic remember in history of the last 50 years, it's been caused by geo political spikes
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it's part of the sell off we have seen globally the other part is really in november, people are in a grumpy mood because of the weather. want to basically sell some, you know, assets they have made gains in we think things will stabilize but it's going to take a few weeks, at least, for the market to regain confidence that the middle east is not about to explode. >> thank you so much for that, david. certainly not grumpy today like investors who tend to be in the month of november. the disney empire strikes back they just made a major announcement that cheered up "star wars" fans and investors stay tuned for more after this short break. i just saved thousands on my loan at lendingtree.com. in less than a minute, i found out how much home i can afford. i like how you shop for loans the same way you shop for flights online. i didn't realize at lendingtree
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round of brexiting negotiations are due to begin later on. we are joined from brussels. set the week for us. it's been a tough week for theresa may. is she facing easier tone from the other side of the channel? >> reporter: the expectation is over the next few weeks according to a number out there. she was willing to make concessions on that crucial bill amount that was one of the issues in the negotiations right now we have just had, over the last 24 hours a memo released by the european side in regards to northern ireland the customs union and the single market two things may said britain will not remain a part of they do not want a hard border that's something the government said without that, it's difficult to understand how it could go forward. the irish side, ongoing member of the 27, saying they are very much worried about this issue.
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they have a bit of a veto on this first phase of negotiations because the irish border is one of the three main problems that need to be confronted by both sides before they can talk about trade and right now, it seems, based on the document released by the european side, they are really flexing their muscles, the irish government and trying to insist their voice be heard before they become lost in the crowd in the second phase of talks. >> one of the sticking pounlts is still the divorce bill. we saw this ft article saying she might be raising the sum from 20 billion pounds to close to 60 billion euros, which is more realistic in european terms. is there a sense the money issue will be solved before december >> reporter: certainly diplomats in brussels, the european diplomats expect to see the british move on this the challenge for theresa may is
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bringing members of the party on the side and getting them to stand that she might have to make the concession based on the deadlock we have seen in sessions and talks here. it seems like some of them saying that, you know, it's money down the back. one approached the financial times saying that. there is an expectation the britt wills move on it when it comes to the border, another problem for may. she will sit down on monday with european business leaders, trying to calm their nerves about this issue we have heard from them saying they are concerned about what will happen when the customs union departs or takes base. they are worried about increased tariffs, can't afford the rate they are expecting ford concerned about rnd employees and saying they are expecting to spend more money on things like warehousing when it comes to dealing with problems
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they are concerned about >> thank you for that update let's talk about it with richard, who joins me in the studio now thank you so much for taking part in this riveting discussion we don't know where it is going. theresa may had a difficult week what is her biggest headache the cabinet reshuffle or the brexit talks >> the government is in a state of crisis, resignations and more cabinet ministers under pressure we are not scheduled to report he went out. you know, ever since the government lost majority, we have had a week year with little authority. this is a continuation of that trend, really. >> you said, previously, she is in a crisis. it's somewhat reminiscent of the 1890s. i don't specifically remember that, i don't think you do
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we know this government has survived for the full term do you think this government, conservative government can do the same >> i do. as we said, the example is -- you know, you had a governor with a small majority crisis-to-crisis, having resignations as long as it has enough to hold it together, it can stay in place. the fear acts as the glue that keeps the government in place. fear of losing seats in the election and fear of what comes after. in this case, corbin is a lot more scary for conservatives >> we talked about the money issues and the speculation that the heart line skeptics have eased up a little bit and say, you know what? we are going to contribute more to the eu, maybe to the tune of 60 billion euros where do you think that is coming from? is it realistic and we can save
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a clear brexit or someone walking away from the table? >> i think we can. there's a significant chance of it i'm more pessimistic than others are. first of all, "on the money," we have seen sort of rumors they will improve on it we have seen responses from skeptics saying if this is in return for a comprehensive trade deal but that's not how the europeans sit. they think it's the uk honoring previous obligations they are not doing anything but talk about trade rather than give a hard commitment i think what we are seen this morning, in northern ireland, that is incredibly retractable issue. if the irish insist on that, we are not going get to the
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negotiations there's no way they will accept, essentially a border between the rest of the uk and northern ireland as opposed to a border between the republic >> from the optics side, it seems clear theresa may desperately needs a win this calendar year. she needs something to happen at the december summit. we have the ireland issue again, the money issue again. do you think she can walk away into the christmas holiday with a deliverable win, if you want to call it that? what if she doesn't? does she have to resign? is this the end of the line? >> it's a moment of risk for her. the markets will take a vote in view of the failures to which the negotiations in december i think that's what most people are expecting. you know, i actually think the current optimism, the uk is in a position for what is required.
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the brexit bill is overdone. we haven't seen the theatrical war cap people expected. making a complete capitulation in december doesn't help theresa may. perhaps a walk out would >> you sound pessimistic we are going to have to leave it here political analyst and absolute strategy coming up, more of our exclusive interview with the saudi arabian foreign minister
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hello and welcome to "street signs," i'm carolyn roth these are the headlines. chin's xi says globalization is here to stay, but calls for changes to make it more fair >> translator: we should make economic globalization more open, inclusive and balanced so it can benefit different countries and people of different social groups. >> there's a stark warning on trade fairness from u.s. president, donald trump who says america will not be taken advantage of any longer. >> we cannot achieve open
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markets if we do not ensure fair market access. in the end, unfair trade undermines us all. >> arcelormittal jumping to the top after a solid third quarter. rallying on the shares, altise traded higher on the words their president will come back let's have a quick look at u.s. futures after we saw a down day on wall street with the dow dropping 101 points. details from the senate tax bill the dow was down by 253 points
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but closed at session highs. the dow is off by 60 points, s&p 500 may drop another nine and nasdaq 22 points the major averages are negative for a week, which would snap streaks of gains for the dow and s&p. let's show what the picture is looking like in europe yesterday, we saw the biggest one day loss in june, off by 1. 1% on the back of weaker earnings in the first half hour of trade we have since turned around and are firmly back in the red off by a third of 1% propping up the market given the 2 billion euro share ftse showing similar losses. we saw the dollar under pressure given the fears of delay and tax reform we are on track of a weekly loss
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of 0.5% for the u.s. dollar. europe's dollar is 116.45. a pound sterling is a touch higher after we saw uk production and trade data this morning. ever so slightly move to the upside, one-third of 160 now, the french president, emanuel macron touched down in saudi arabia for an unscheduled visit. he met with the crown prince hours after the kingdom called on citizens to leave lebanon and advise them not to visit the country. let's get to holly, who spoke exclusively to the saudi foreign minister >> reporter: the saudiforeign minister said he thinks iran is on a rampage through the region. i have to mention what he told me about the corruption crack down over the last 24 hours or so from the judiciary ministry, of
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the people picked up, seven of them have been released. according to saudi newspapers, local reports are quoting sources saying of the seven, none of them were foreign ministers of the royal family. i asked the foreign minister, how damaging is this crackdown to the investment you are trying to achieve let's listen in. >> quite the contrary. i think this will increase investor confidence inside arabia because we have adopted a zero tolerance policy on corruption as we have adopted a zero tolerance on extremism. the kingdom of saudi arabia announced more than two and a half years ago that we will fight corruption the they have made it very clear, no prince and no minister and high ranking official is clear from charges the prosecutor started
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investigation two and a half years ago. a large number of cases of individuals involved in corruption and the decision was made to bring these people in for questioning and to confront them with the evidence and to deal with this issue in a very resolute manner. a sizable percentage of our budget was being stolen. this cannot stand. where you have corruption, you cannot have justice, you cannot have investment, you cannot have an efficient and transparent government i believe the international community will be very, very pleased that the kingdom of saudi arabia is not only transparent and firm, but taken action against individuals who robbed public goods. the reason the names have not been announced is our legal system, we do not publish names until the verdict is out the question is ongoing.
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the individuals will have trials in accordance with our laws like anybody else and held accountable. this is a hugely important step for saudi arabia now foreign investors can come in and compete on equal footing with everybody else. >> there's reports on what happened could you clarify what exactly happened >> i can't comment on individual cases. >> there's a question on talking about $800 billion worth of assets in saudi arabia or abroad belonging to those under investigation. is this about corruption or getting the cash you could use the funds right now. >> i can't comment on numbers. i leave that to the prosecutor in time, people will know. the bottom line is money was stolen from the public treasury. that robbed the country of the
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ability to invest it for the good of the people of course, people have to return the funds that were stolen >> so, when you look at what happened, it is an unprecedented move from the government this was a very large crackdown. what does it mean for the future of this country? >> it means the country is moving on the right track. the country is opening up. that the country is implementing the 2020 transformation plan to make it more efficient, transparent and accountable. how can we do that if we don't deal with corruption we have to empower youth, empower women. we adopt and push for a moderate islam so people can live normal lives. they can realize hopes, dreams and ambitions and in the process make the country greater than it is the issue of corruption is
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critically important i think when we look at the total change that is occurred in saudi arabia over the last two years, these are vast changes and tremendous changes that transform our nation and make us into a stronger, much more dynamic society. >> so, again, the foreign minister there basically telling me it's about capturing corruption from the top down the 200 folks being investigated, they have releelsed the numbers in terms of 40 judges appointed or promoted to deal with this backlog of cases it's certainly something they are taking very, very seriously. >> staying in the saudi arabia, i want to talk about saudi iranko they extended a loan guarantee and some say it might be a desperate attempt to secure that ipo. what are you hearing
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>> reporter: well, according to the treasury that said this is part of an inport/export agreement. everyone is desperate to get this ipo ift's interesting we heard earlier from the president of the united states, donald trump, tweeting, saying he hopes new york gets this ipo everybody is on board here everybody wants to work with them even though there are continued questions about transparency there may be questions about legality and litigation. the saudi government faced it. saudi aramco could face litigation as well let's listen in. >> new york is out because of the risk in the allegation london may be out too because they don't disclose the inner workers of aramco. it will be interesting to see what happens with the deal
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>> questions of transparency with it expected on track for 2018 that's what everyone continues to tell us again and again a lot of questions about the criminal and corruption crack doup where does it end? this is faze one, so we may have a long way to go >> great job as always thank you for that altise is under pressure the ceo resigned and the company founder is returning as president. the shake up comes a matter of days after the group said that it lost 75,000 broad band customers in france. disney shares are feeling the force of "star wars" reversing losses on news its movie studio will create a new trilogy. the stock rose after the "star wars" announcement, reversing a sell off after disney's results missed expectation on the top
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and body julia has more >> reporter: disney reports falling short of expectation it's below the dollar analysts expected they declined. shy of expectations. there were a number of items including the impact of hurricane maria, canceled animation film and value adjustment or streaming video company. on the earnings call, the ceo stressed the value of that investment the stock turning positive on comments that the new disney app launching in 2019 will cost substantially below netflix. before then, disney is launching a sports app, espn plus this spring >> the consumer relationship is vital to our businesses. it's our highest priority this year our decision to acquire control
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enables us to offer and provide the tools we need to stream video and aquar and retain customers, greatly enhance the advertising on digital platforms and use consumer data to provide a better user experience >> despite the network's results coming short of expectations, he's bullish on the potential for espn and pleased with the success of the consumer players such as hulu tv. subscriber losses weren't as bad as prior quarters. they said they would not speculate on disney's interest in buying fox. he sees ample opportunity in tv programming as well as movie brands >> i don't think that there's ever such a thing as having too much quality or too many strong franchises when it comes to films. we do not feel, right now, we have a great need to add to the
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film's plate we have because we are doing just fine. doesn't mean there isn't room for more, we just don't have a significant or urgent need for that >> iger said it's a key driver of disney. lucas films changed the company for the better of course no comment on the potential for a fox deal back to you. >> staying on the u.s., at&t ceo has insisted the company was not told they have to sell cnn to get approval with the merger with time warner randall stephenson's comments have finger pointing on whether the sale on condition of approving the $85 billion dial the conference in new york, the company is ready to take legal action, if needed. >> if we are going to go to litigation, our preference is sooner is better we are prepared to litigate now.
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like i said, we have been working on this for a year we are prepared to litigate now. we would obviously, i'm not a lawyer, but obviously ask for an explanation. a transaction of this size, you would likely get an expedited hearing. this transaction could be litigated, hearing and answer provided well before that april 22nd deadline. >> coming up on the show, live from tokyo with the latest news on toshiba stick around my friend susie cracks me up. but one laugh,
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welcome back to the show explosive allegations are rocking the special election to fill the u.s. senate seat previously held by attorney general jeff sessions. roy moore has been accused of improper relationships with teenagers, many years ago. anne thompson has the story that contains graphic detail that is not suitable for younger viewers. >> i believe in the second amendment. >> reporter: roy moore, the
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combative gop candidateand conservative christian the target of sexual misconduct allegations. the former judge accused of inappropriate sexual misconduct with a teenager 40 years ago and others when he was in his 30s. the age of consent in alabama was and is 16. moore says the allegations are false. colleagues offered little support. >> if that's true, i don't think there would be a place for him in the u.s. senate >> if these allegations are true, roy moor should step aside for all the obvious reasons. >> reporter: the most serious claims come from leigh corfman she says moore, then an assistant district attorney drove her to his house in the woods. he kissed her the first visit. the second time, he took off her shirt and pants and removed her
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clothes. he touched her and guided her hand to touch him. she asked him to take her home and he did >> we need to listen to both sides, but at the same time, that hypothetical would be disqualifying for anyone in public office. >> reporter: with an 11-point lead in the senate race, he calls the story garbage. pointing out the paper endorsed moore's opponent officials say it's too late to tame his name off the ballot for the special election, even if moore steps down moore never shied away from a fight, most notably, removing to take down a monument of the ten commandments fighting for his place that could impact the republican senate majority, anne thompson, nbc news volatility and currencies are not deterring investors from
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their price. speaking to cnbc, the co-founder joseph luben dismissed concerns about speculative trading. >> people trade barrels of oil, speculatively. oil is not intended to be an investment vehicle it's intended to power the global economy either was never intended to be an investment vehicle. that said, there are lots of different actors in any economy and any ecosystem. speculators play an important role in any ecosystem. speculators are in a position to take on risk in exchange for potential monetary gains and they are an important lubricant to any economy doesn't worry me at all that
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people on this planet are finding this technology incredibly interesting and potentially as valuable in the long term as a fuel-like oil >> shares on price line and trip adviser fell sharply after the companies posted weaker than expected quarterly results they called this report on how competition from airbnb and other changes are impacting the travel sector. >> reporter: price line ceo spoking to us exclusively about the challenging quarter it faced as well as the sharp drop in the stock price. >> we are up, year to date in our stock, 13% that's still growing, still good yes, there was a little bit of a setback. when looking at what we are trying to do in terms of investment for the future, it's the right thing for us to do >> expedia, airbnb, google, somewhat of a crowded market who is your biggest competition?
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>> this is a competitive business and been competitive all the time i have been in it we have done a very good job over more than a decade and a half we have been growing this business from when i started, how tiny it was and now we are the leader in the space. yes, we have less competition, but we have dealt with it. >> the state of the online travel industry and the head winds they are facing. >> we have to fee it differently. obviously, there is a broader issue in the stock market we are seeing with these stocks we view the future optimistically we have short term impacts going forward, the priorities are clear. relevant on a global basis push on boundaries further than we have been and customer centric and execute with more speed. this market is mass zive the opportunity is clear for us. >> one area of opportunity for online travel is china, one of
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the leaders in that space is sea trip, the top online travel player in china right now, captivating on the growth of chinese continuing to travel outside china specifically to the u.s., spending more. of course that eels a big boom for the u.s. economy here is what the cfo told us >> china, in the last 13 years, china's economy, especially the gdp per capita increased tremendously so, china travel as one of the most important consumer related we significantly benefit from this trend >> what are the numbers you are seeing in terms of chinese outbound travel? >> in 2016, travel is about 120 million. on average, in the last four, five years, we enjoy, the whole country enjoyed about triple
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digit on this travel >> continues to grow continues to increase? >> it continues to have a very healthy and sustainable growth >> the question is, how do u.s. online travel players capitalize on the growing trend we are seeing in china? only time will tell. moving on to japan, toshiba is trying to keep the stock from being delisted we are live with the details >> reporter: considering raising 600 yen or $5 billion sources said several plans are on the table, including issuing new shares from a third party and also issuing preferred shares with no voting rights. the japanese electronic's firm net worth is expected to stay in the negative minus $6.6 billion
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for the second straight year n. a last ditch effort to avoid being delisted from the tokyo stock exchange, they sold the memory chip to a japanese entity for over $17 billion the sale may not take plals fwi end of the fiscal year due to the revoke process it could take time so, the capital increase is seen as the company's back-up plan. it will be toshiba's first large scale increase since 2009 when it raised $4.4 billion a number of brokerage companies have the increase and they hope to finalize the plan by the end of the year. shares finished down more than 5% today that's all from the nikkei back to you. >> have a fantastic weekend. as we head into the well deserved weekend, have a look at the european stock market. the index is down 0.3%
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close to session lows, in fact we did see a slightly high start of the trading session bouncing back from the biggest one day loss we have turned lower as we are dealing with disappointment over the potential delay to the tax reform in the u.s. and disappointing earnings on this side of the atlantic a quick look at u.s. futures and the dow jones is off 65 points after a drop of 101 points yesterday. this is related to fears of the delay in tax reform. we'll see how it plays out in the coming days. that's it for today's show "worldwide exchange" is up next. have a great weekend bye bye.
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s markets now, stocks pointing to a mixed open following yesterday's sell off the focus today, earnings, data and tax reform >> on that note, details on the senate's tax plan as the house advances its version of the bill details coming up. disney, dropping, then popping after reporting a big earnings miss. we'll tell you what drove the stock around it's friday, november 10, 2017 "worldwide exchange" begins right now. ♪ good morning happy friday weom
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