tv After the Bell FOX Business September 18, 2015 4:00pm-5:01pm EDT
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>> nothing is worse for the markets than indecisiveness and that is a lot what we saw yesterday. so let's get into it. the dow dropping about 300 points right now. the major averages all down, bad for the week, over 1% down as the final closing bell sounds for the week. so it was a bad week and the fed was responsible. >> here we go. here's a look at where we are ending the days. we are off the lows of the session. you can see that we were down better than 300 points but still closing the day on the dow. down 292 points, the s&p 32 points about 1.6%, the nasdaq 1.3%, look at crude oil. really taking a dip today, down 4.2% on the day. $2. gold trader higher, and stocks getting slammed on fear over global demand. ashley webster has today's biggest movers but first let's go to alan at the cme. investors not liking what they heard from the fed; right?
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>> well, i would look at this as a profit taking. this is all the facts after the news have come out. we're still unchanged on a weekly basis and had a big bounce off the bottom so profit taking is to be seen obviously. >> okay. and oil fell 3% today? >> yeah. looking at the oil market, oil really stuck in a range between 43 and 47 for the month of september, we had a false breakout at the end of this week and didn't get a follow through. there's a hard cap and 50 and 44 is the important floor because that's the halfway point of that $50 range. and lastly looking at gold. gold is up a little bit, we've seen a series of high or lows, and i think the fact that the dollar isn't moving up anymore, that could be very helpful to put gold and in the crude oil markets that have really been under a lot of pressure because of the strength of the dollar over the last months and years >> so how do you see gold setting up for next week? what do you bet happens?
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>> well, gold can get back up above 11.50 and 1175, a move above 1175 gets it to 1275 and had a really bearish sentiment, so i wouldn't be surprised to see the market pushed to the upside. again, the key has been the dollar and as the dollar doesn't move higher, this could give gold some bounce room. i think 1,300 will happen before it hits 1,000. i'm going to be more optimistic that the risk/reward is on the upside >> okay., alan, thank you very much >> the strange thing about the oil is that usually when the dollar goes down, oil goes up. for oil to be down that much, 2% on the way that the dollar is down, have a is a very bad sign for oil. look for it to drop further. meanwhile we have big movers to talk about. ashley, tell us the names >> yeah. you mention the energy sector and the financial sector, melissa and david. certainly hurting, you know, banks are not going to get any interest money or, you know,
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on their loans, they're going to be not noting to loan that much money. so they're not he didn't more money, in other words, from the interest on their loans and as a result with the fed staying pat, you can see those financial names all moving lower, bank of america down about 2%, city group, wells fargo, jp morgan chase, also down 2%. by the way, jp morgan was off today, thought about retiring and said not least for another five years. he said that question comes up at every investor conference. not sure what that means and also the hotel chain ceo has left goldberg, giving a week forecast saying the revenue is down because of a weak hotel sector right now, that stock getting hammered, down about 15% on the day, guys >> all right, ashley webster pu very much >> sure. >> let's hope for better times on monday. melissa >> all right. for more, capital management president and fox news contributor also jack from barons and john of
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point view wealth management. thanks to all three of you for joining us. gary, let me start with you. what do you think of today's selloff? do you think this is a lack of confidence in the fed or do you think it's profit taken >> i think you guys said it best at the beginning of the show. the market no longer cares what the ed says. they've been teasing for too long. in the past every time they've stayed easy or said something easy, markets reacting to the upside and we're at the point in time where the game is over. look, the bear marketed started a few months ago, we just had a rally, and i believe the bear markets came back today, and i think we're going lower and will break the lo he's in the months ahead ask probably see 25, 30% minimum >> john, do you agree with that >> yeah. i think there are two trades going on today. one the fed's going to be lower for longer and that's why you see financials sold off so aggressively and two the fact is that the fed made the comments on a slower
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global economy. you saw gold rise and energy stocks selloff, meaning that the demand side of the energy equation is going to be weaker. so the two trades going on is not simply a fed easing is good for stocks. but it's fed easing maybe because of the global economy slowing >> jack, do you agree with that >> in general. look, for stocks to go up from here, you need either some earnings growth -- and we have none of it right now. we're not going to have any of it until next year or you need stocks to deserve a higher multito earnings. and they're fully priced. so stocks are going nowhere. today's investors saying wait a minute how bad does the economy have to be for the fed not to move off zero? the assistance fed isn't that bad, and figuring there's no sign of inflation out there, it can err on the side of waiting a little bit longer >> do you agree with that because i don't know. it would be nice if it was jack's scenario that they don't think the economy is that bad they're just looking at inflation but i don't think that's the case. i think they're nervous. >> i think they're nervous as
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all heck because the fed has been watching markets and trying to prop up markets for so long and all of a sudden markets are no longer listening, and they have no bullets left. i will say this. i've been saying all along they will not raise rates and the next move they will make will be another round of money printing, whether or not that helps the markets, i don't know. but right now, there is no doubt in my mind the big money is selling and there is going to be more to come and let's just hope it's not on the nasty side like the first go around to the downside >> john, not only that but talk about losing confidence in the fed. if you listen to what they said in the press conference yesterday when janet was talking about the fact that the monetary policy has put people back to work and also diminished income inequality. that's just factual incorrect. it got me really nervous about her ability to do math and follow data. she's in charge of data, and she had -- i mean -- not an opinion. it's data that income inequality has gone up both
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sides of the aisle. the one thing we all agree on, she seems to be looking at different numbers or delusional or -- >> well, i think the fed is saying that inflation is not an issue and pushing it out to 2018 by the time they hit their inflationary target is a big factor. let's not forget 2016 is the presidential election and the fed tries to stay nonpolitical. so the fed is giving -- great >> room to try not to raise rates during a presidential election. let's not forget about that >> not only that, i am worried about the fact that we don't have any inflation. when have we ever seen a period of time like this where you have just let out the reigns entirely on money and there's no velocity of money at all? what do you make of that? >> that has surprised a lot of people. i mean my thought is that prices being way down by commodities largely because you've got weak manufacturing numbers overseas, i'm hoping that's the case and we don't go into an overall decline
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here that would be a disaster. but basically no inflation in sight, the fed is saying, hey, let's stay lower for longer and see what happens >> gary, again, if you weren't able to stay awake while janet was talking in this seem tone through the whole entire thing, there was a lot of information in there. and she said that inflation is way below expectations. i mean, you know, when you study economics, you drill down on these things. this is not expected, and it is worrisome, no. >> the problem is that the central banks here have enabled massive debt and leverage to get into the system and that's what's causing all of this. china's gone from 2 trillion in debt to 30 trillion in debt over the last couple of years thinking that's going to happen. everybody keeps following each other, and it's going to -- it's to a hopeless place. and, by the way, this income inequality all the fed has done is absolutely screwed the savior and gifted all that money to the banks and the lenders, the 1%, they got it completely backwards >> they totally did.
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and, john, mat marty phelps sign, my favorite harvard professor of all time said all it's doing is forcing people to take too much risk and he worries what is the risk of that risk now as we go on. is that accurate >> yeah. particularly for the baby boomers and retirees that have moved into the distribution phase of their life and have to live off their income. where do they get income in a low volatile way? they can't. they have to take or month exposure from the equity market in order to sustain themselves >> yeah. you are not worried so i'm going to give you the last word. why does none of this worry you >> i don't think the stock returns are going to be anything to boast about in coming years but we can go along with positive turns from here. i don't think the economy is a disaster, i think stocks are probably the best choice around. it is really difficult right now if you're trying to turn your investment portfolio into an income.
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i don't envy folks in that position >> yeah. all right. thank you all, david >> delusional. i heard that word used. so are the other nine members voting with her if she is. meanwhile two big advertisers pulling their adds from the abc program the view after the hosts mocked a ms. america contestant who spoke about being a nurse during the pageant >> then there was a girl who wrote her own monologue. and she came in in a nurse's uniform and basically read her e-mails out loud and shockingly did not win. >> why does she have a stethoscope around her neck? >> she helps patients with alzheimer's, which i know is not funny, but you have to see it >> yeah. that's funny. and johnson & johnson pulling their ads after angry nurses launched a massive online protest. you don't mess with nurses. johnson & johnson, by the way, down with the whole market
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about 1.5% down. and in a southern state of mind, the top gop contenters gathering with one notable, very notable exception, fox business blame berman is here with the very latest. who is the no show, blake >> well, there are ten presidential candidates over the hours, they're said to address voters in the crucial state, and that includes a lot of the top contenters for the moment but not donald trump. backed out earlier today. his campaign sighting a delay with a business transaction that was supposed to close. the timing here is certainly interesting. as trump was in the headlines once again today as he failed to correct a questioner out of town haul last night who called president obama a muslim and said he's not america. trump, though, doubled down this morning in part he said
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quote the media wants to make this issue about obama. the bigger issue is that obama is waging a war against christians in this country. the white house press secretary slammed trump when asked about it earlier this afternoon take a listen >> is anybody really surprised that this happened at a donald trump rally? i don't think anybody who has been paying attention to republican politics is at all surprised. the reason for that is that the people who hold these offensive views -- these views are part of mr. trump's base. >> and as you just saw there, that event in south carolina is just getting underway. starts in minutes. jeb bush and scott walker, the first two speakers up. they will talk later this hour. david >> all right. very quickly donald trump claims that he wasn't there because of a business engagement. previously scheduled business engagement. are people taking that seriously? >> bobby for one is not.
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put out a tweet earlier today saying maybe trump is dealing with his 5th bankruptcy. of course we've seen him go after trump in the last couple of weeks or so. but the question is is the timing -- of course donald trump does run as people tell you his very, very successful multibillion dollars business, so it is a legit possibility >> and, by the way, he has not had a personal bankruptcy, some of the trump names have, though. >> and serbia to stop a flood of refugees. while hungary builds its fence next door, options are becoming even more limited for the thousands that are fleeing syria and isis. >> and been talking a lot about republicans but the race for the democratic presidential nomination may just be getting started. a new clue giving help to vice president joe biden who may be joining the race >> and overweight and
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>> more european countries are closing their doors to refugees. take a look at this scene in croatia today. refugees, again, clashing with police, trying to keep refugees from flooding into that country. arguments to be made of course on both sides of the country. the seekers to the border, which it shares with hungary, but it may be more disappointed on the other side of the border, hungary building a fence along the border. meanwhile apple is joining google in stepping up to lend a hand to the refugees. these things don't always turn out as planned but google has
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already raised more tn $11 million for them >> a few other stories on our radar, recall more than half a million cars today. alleging the vehicles contain sophisticated software designed to evade standards to reduce air pollution monopoly there you go. the treasury department more restrictions on american companies seeking to do business in cuba, and also limited. and requires an act of congress to allow but don't go booked your tickets there quite yet. and passengers on a amtrak train. did you hear about this? to delaware. may have gone the inside track and whether or not joe biden will run for president. the director of the biden super pack was overheard on his cell phone saying quote i am 100% that joe is in. you know, it might not be good to
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talk about on a train. just thinking out loud here. good news, jeb bush speaking to voters in south carolina. one of the moderators just asked how he plans to lesson income inequality and how people rise up in society. >> you've got to deal with crony capitalism, the fact that everything's all lobbied up, a tax code now has so much -- so many expenditures and carve-out, we need a simple code, a code that lowers the rates, the corporate rate to 20%, the lowest in the industrialized world instead of the highest where we limit all of the deductions and carve-outs. let people decide. let businesses pursue their success their own way. and that's the way you do it. we lower personal rates as well. and put a cap on expenditures or deductions. we also eliminated, by the way, this would be important not for just washington but state and local tax deductions. so small government states, communities, like, south carolina and florida, aren't
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subsidying california and new york and illinois. this is the way you do it. you shift power back to families, back to communities, and let them make the decisions. in the case of florida when we did this, our economy grew at 4.4%. double the rate we're living with now. we had the # .4% growth, two states of becoming aaa bond rated. compare that to the sorry state and affairs of washington d.c. where the first time in american history we a credit down defrayed. you can do this if you're serious about applying conservative principles across the board and that's what i did. i was a disrupt in tallahassee, and i'll be a disrupt inspect washington d.c. we have been a line item veto power for the government. they called me veto when i was governor of florida for good reason because i vetoed 2,500 separate line items in the budget.
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totaling $2 billion. we need to have a balanced budged amendment. every time a lobist meetings with an elected official, in 24 hours there ought to be a notice of it. they ought to have their pay deducted like everybody else in america. you can change the culture and then start fixing the things that hold us back, how we tax, how we regulate, fixing the things that will allow us to grow at a rate that will lift everybody's spirts >> governor bush, let's stick on the issue of spending. over the last 15 years the federal budget has doubled from $1.9 trillion to $3.8 trillion. can you commit as president the size of government relative to the economy will shrink under your presidency and specifically with regards to adverbary budget rebuke are there any specific programs you would cut >> sure. well, first of all, i think we ought to shift as much as these things.
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so the biggest nonadverbary spending. by the way, why do we call them discretionary and nondiscretionary? that's a trap to begin with scythe. shouldn't we have a family budget in washington d.c.? you take what you have, you spend what you have, the budget in washington that starts like this. that's the base budget. it grows automatically. maybe we should have a zero-based budgeting approach where there's no difference between discretionary and nondiscretionary. so here's the idea. medicaid. one of the largest spending items in the -- in the federal budget. it's nondiscretionary because it's an entitlement. fine. why don't we block granted back to the states, let governor haley pick how she wants to create an insurance program for the poor. in florida, i did that. we said we'll take this money at a far lower rate of growth, 2% instead of 6 or 7%, and we created our own medicaid
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program that the beneficiaries liked a lot more. they got to choose plans. they got benefits when they could take the premium and go-go to a private provider. if they made the healthy lifestyle decisions, they got additional monies to continue to do healthy lifestyle things and that result was we saved a lot of money for the government, outcomes were better, and people had choices, and they were empowered to make those kinds of choices. that's the better approach. across the board we should be doing that. but there's a lot of programs inside of washington that don't need to go back to -- they ought to be eliminated. the eda, there's a whole alphabet soup of things inside the commerce. it worked maybe 50, 60, 70, years ago but in this dynamic economy, we don't have to have government support for economic development, all of the department of energy grants for trying to pick winners and losers in the energy market. that really worked out well. so learned and -- we should
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eliminate all of that kind of spending and focus on [cheers and applause] >> frankly if you had to pick the one thing -- and i hope you guys support this in south carolina the most veteran friendly state other than maybe florida, i hope that you would say that we need to support our veterans and support our military and support our intelligence capabilities. that is where we should be spending our money. and reforming the things that create the huge cost, our entitlement problems and then all the rest of it should be challenged in a zero-based budgeting kind of way. that's the proper approach in doing this and wherever possible, let's apply the 10th amendment, again, the right way. let's shift power back to the states and let them decide how they build their roads, how they educate their kids, how they provide social welfare systems around people that truly need it >> governor bush, on several
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of the things that you just mentioned you might find that some people within your own party, especially in washington d.c., that disagree with you. what do you think you would most come in conflict over the republican over? >> i can't -- the microphone. what >> what issue do you find yourself most in conflict in your own party in as president? >> i don't know i think -- i think people are quite comfortable with the old -- >> jeb bush in greenville, south carolina talking about ways to revive the economy, something that is a big contention between republicans and democrats. of course democrats have been pushing higher minimum wages across the country, whether federally with president obama or individual states the way andrew has in the state of new york. but in some cases, the governors and the will do that are loggerheads against each other, one group wanting to raise minimum wage, another not, the state legislature in missouri just overruled the governor who wants to let cities raise the minimum wage
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as a way to get rid of that income disparity, steve forbes, media ceo and jack barons senior editor. so, steve, i think these minimum wage hikes could be very bad for the people that they're supposed to help by putting a lot of folks out of work, which they've done in other places that have been tried. however, shouldn't cities be allowed if they want to experiment with the idea of raising minimum wage >> no. because they're part of a stoot. and if the state determines this is going to hurt the business climate, they shouldn't do it. especially the kind of minimum wage increases they're talking about, that hurts those who have the least. people who have the least need to get the job skills, they need to learn to show up on time, work with other people, and then they move up. research shows that one year after you get a job at minimum wage, you're getting -- paid above the minimum wage. so what this is a reaction to is the fact that real wages in this country are going down, so they're trying to do by legislation what free markets could do if allowed to operat
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>> and, jack, the legislature in the state of missouri and a lot of other cases is concerned about individuals leaving the state, got some place where the minimum wage is not so high, particularly the franchises, like, burger king and others that rely on minimum -- a low minimum wage for their profits >> and in this case, look, i broadly think that there is some room to create a measured increase in the minimum wage from levels that are really fallen behind relative to inflation >> by the way. let me just force this on you. ben carson has suggested that one of the things that should be done is indexing minimum wage to inflation >> great idea. it takes it away from being a political football
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it's from virtually anywhere.rn of danger it's been smashed, dropped and driven. it's perceptive enough to detect other vehicles on the road. it's been shaken, rattled and pummeled. it's innovative enough to brake by itself, park itself and help you steer. it's been in the rain... the cold... and dragged through the mud. introducing the all-new mercedes-benz gle. it's where brains meet brawn. . >> she did a terrible job at lucent. she did a terrible, terrible, terrible job at hewlett-packard, terrible job. stories have been written that are legendary. david: okay, i counted five terribles, maybe i missed one.
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gop front-runner donald trump launching new attacks on carly fiorina's business acumen, but some of donald trump's business ventures as well went sour. charlie gasparino looking at each candidate's business background, despite some failures they have a lot to brag about. charlie, explain. >> you're fired, carly. you're fired. you're not good, carly. you're not good. get out. david: they both made mistakes but pretty good. >> go back to forbes, they both have the negatives and positives, listen, this is not an easy story to cover, and it will be a story going forward, and there's already stuff you see in the "new york times" questioning whether carly fiorina was good or bad. general consensus she wasn't a very good ceo at hewlett-packard, obviously lots of stuff written about donald and the implosion of the casinos in atlantic city and
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other properties, i will say this, let's look at donald first. what makes him amazing businessman is yes, he was insolvent 22 years ago, going through a messy divorce. poster child of how sort of ugly american businessmen. he earned several billion dollars and didn't do insider trading doing it. he's a remarkable guy despite his negatives. carly's story, again, it's not a straight line, and it's a lot -- there's gray, but i say net net is positive, she took over hewlett-packard in 1999, was at the much to of the internet bubble which burst under her watch. she took over a very mature company and try to buy stuff like compaq. net net didn't do that great. didn't work out. she tookoch, much needed, decisive steps and unlike
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citigroup where jack lew our treasury secretary worked, she did not need a government bailout to help it survive. david: good point. >> hewlett-packard is a company that employees a lot of people, makes money, it does pretty well. and if you talk to some of the people there, even one of her critics, tom perkins on the board, the venture capitalist he's said she's taken decisive steps. there's going to be a lot of mudslinging. my good friend jeffrey sonnenfeld attacked carly as well. people are going to attack donald. if they didn't hate each other so much, they might make a good team. [ laughter ] >> i don't think that's going to happen, but interesting idea. >> here's why. david: quickly, charlie. >> they're extremely resilient business people who take decisive steps and remade themselves and both have gray areas, did good things, bad things, net net, very, very, very good business people. you're fired, asman. unlike you, you're done. david: that's james cagney by
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the way. charlie gasparino. >> go back to forbes. melissa: honestly, one of the worst impressions out there. that was terrible! charlie has to stop doing the trump impression. now he's going to come into the studio and kill me. carly fiorina defending her record as the former ceo of h-p. >> yes, we had to make tough choices. in doing so we saved 80,000 jobs, went onto grow to 160,000 jobs and now hewlett-packard is almost 300,000 jobs. we went from lagging behind to leading in every product category and every market segment. we must lead in this nation again, and some tough calls are going to be required. melissa: let's bring in our panel, steve forbes is back with us along with nomiki konst and noelle. steve, i'm going to start with you, i covered h-p in california when all that was going on. that was a tough time for her,
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i don't know that her business record is that clean. she's doing a phenomenal job, what do you think of her record at h-p? >> she went into a situation unlike ibm in the 1990s on the verge of bankruptcy, the company was in trouble, but there wasn't that sense of urgency that would allow a true outsider to remake the companies as lou gerstner did with ibm. she had a board that lived in the past and hard to turn around a large company. she shook things up, and as she pointed out, h-p is with us today. lot of other companies are a fraction of the size they once were. melissa: nomiki, what do you think? >> i'm concerned about two things, mainly what she claims her record is. there is fact checking done. the growth rate under h-p was 9%, it's actually 3.5, comparing that to other tech companies. ibm at 5%, lexmark printers, they're another printing
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company, their shares at 29% in growth. 29 up. dell up 11% and h-p was down 45% in shares. when you start to look at her record she claims she has -- >> i don't know about any of that. talking about a different time period. >> over the entire time period. >> between 1999 and 200 arc the shares of most large tech companies were slammed. cisco isn't anywhere near where it used to be. melissa: when you start quoting numbers like that, most of america's eyes glaze over, and what they think of is two wealthy successful business people, funny to see them both duking it out and calling the other a failure. super load, known for business acumen, it seems almost -- chris christie's response of this is a ridiculous and embarrassing argument what he said during the debate is how most of america felt about
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that. >> well, both candidates exude strength and leadership. carly's record, however you want to dispute it. for every bad point they point out of ceo tenured, there is a point of reference why she made a decision and almost a bad atmosphere in the business community. the other thing is that carly is a leader, whether you like her or not. she's a leader. she's not a visionary like steve forbes, she's more detail oriented and people see that and respect that for what she's trying to do here. so i actually think that between both of them, trump and carly, i think people are tired of the argument. thing they both have plusses and minuses and -- melissa: i get an interesting idea the way she laid people off could work for her, what a lot of republicans are looking for right now is somebody is going to be ruthless, that's what the country needs, somebody who's going to make decisions and her record is
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tough. appreciate it. >> thank you. david: as we know now, the market dives as the fed holds off on raising rates again. has the stock market actually soured on easy money? that's a historic first. steve forbes and investor wilbur ross have the answer to that important question. plus peyton manning scoring a new record. details on the quarterback's career milestone coming right up. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. iand quit a lot,t but ended up nowhere. now i use this. the nicoderm cq patch, with unique extended release technology, helps prevent the urge to smoke all day. i want this time to be my last time. that's why i choose nicoderm cq.
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at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. . david: the stock market used to have knee jerk positive reactions whenever the fed used to announce it wasn't going to raise rates. markets showing no love at all for janet yellen's shocking announcement she would keep zero interest rates for now. if soft fed policies help neither the stock market nor the economy, what good are they? why does the fed keep them going? steve force is back along with billionaire investor wilbur
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ross. wilbur, i think it's good news the market is reacting negatively to the fed's inin action something that doesn't help the economy. what do you think? . >> the market everybody felt she should have raised and everybody felt she wouldn't raise. david: separately nine members of the fed board that greed with her. >> that's what really shocked me, there was only one from the richmond. david: blacker. >> who voted against it. that shocked me, i can't imagine it was a 9-1 kind of a decision. >> the market's reaction, is that the good news that the market has given up addiction to easy money? >> the market was reacting to namely fear that janet yellen knew something bad about the economy that the market didn't know, because that's the only justification for it. if you watch her press conference, there was not much substance to it. david: no, there wasn't. >> we need a little more time
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about world affairs affecting the u.s. if we're going to wait for world affairs to come down to raise rates, i'm going to be dead and buried. david: steve, is the market's negative reaction just about fear of what's coming in the global economy? or is it also a little concern that the fed can't get out of this zero interest rate policy? >> she had signaled, the fed signalled and many ways this thing was going to happen yesterday, and the fact this it didn't just shocked people. the fed doesn't usually pull surprises like that. david: but the market very rarely reacts negatively. >> the market is finally waking up. people are waking up. what the fed is doing is hurting the economy not helping it. you need to have more pricing of credit to get credit to the job creators instead of a large company, the federal government and fannie and freddie, and you have to have real prices, they thought the fed was going to move in that direction, lower
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credit markets which would help the economy. david: wilbur it's not just in the united states either, central banks all over the world are finding out that you have to do more, a government has to do more than have zero interest rates in order to get the economy moving? >> look, if the only thing keeping the economy going is 25 basis points and 25-basis-point rise would kill it, you got nothing. it's not really worth worrying about. david: so steve why why, does the fed keep doing -- the fed and all central banks keep doing things that aren't helping the overall economy? >> that's the definition of insanity. hasn't worked, hasn't worked in japan for 25 years, zero interest rates. hasn't worked anywhere it's tried including the united states for six years and don't know what else to do. they aren't pushing the structural changes, powerful tax code, what health care and other things are do the in the economy. japan one example. payroll tax is now 35%.
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the payroll tax. david: wilbur ross walked into the studio wearing a little pin on his lapel an accommodation from the japanese government from service in japan. don't they realize after 20 years of low or negative growth that, in fact, this zero interest rate policy doesn't work? >> doing much more than that. in fairness to prime minister abe, he's bringing women into the workforce which is the thing that japan really needs because its demographics are more negative. david: what about the central bank policy? do they realize it's a mistake? >> i'm not sure in japan's case it's as much of a mistake as here. japan's rates have always been low, not that this is a new policy just to deal with this situation. it's a little more extreme. but i can't remember the last time that interest rates were over 1.5% in japan, so it's not the same frame of reference that we have.
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david: it's a new world when the market reacts so negatively to zero interest rates. wilbur ross, and steve force. catch steve forbes along with myself on forbes on fox, every saturday morning 11:00 a.m. eastern time on our sister network fox news channel. melissa? melissa: new concerns that donald's domination is coming to an end. say it isn't so. it's the most wonderful time of year. that's right! olive garden never-ending pasta pass! finally here, i have to act fast!
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enterprise going to build a high-speed railway linking las vegas to los angeles. the first chinese made bullet train project in the u.s. construction is set to begin as early as next september. and peyton manning making history last night's showdown with the chiefs, peyton reached epic milestone passing for over 70,000 career yards. that's 7-0,000. equal to 39 miles. joins brett favre as the only quarterback in history to reach this amazing fete. olive garden says all 2,000 passes which include endless pasta sold out in under a second after they went up for sale. wow! melissa? melissa: that makes me so hungry. no shortage of donald trump buzz but here's a headline that tells a different story. new data suggesting that trump hit his peak and falling out of favor with voters. donald is getting fewer mentions on radio, tv and
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social media. no he's not! have you gone on all of the things, it's all donald. where are they getting the data? is it just a fried a feature or donald trumped by others. chris stirewalt earlier today, i have to steal a line from him, sounds like a typical friday article when you are told to write something and what's the contrarian thing i can write? donald is done. jack hough, what do you think? >> i have enjoyed the summer of trump as much as the next guy but it ended, and the moment it ended. melissa: what? because it's fall, you mean, the fall of trump. >> during the debate when he doubled. melissa: yes, i meant that. >> he made the weird carly fiorina face where he said where he said i think carly fiorina has a beautiful face. melissa: were you doing charlie gasparino there? was that a charlie gasparino expression? you're done, you're done.
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>> that was a moment embarrassment overtook anger among politicians and from now it goes lower. melissa: nomiki help jack out. >> i will not make an impression. melissa: no! >> i think it's the paris hilton effect. remember when the news is like ten years ago, go back in the memory bank, but it was all paris hilton all the time and suddenly it wasn't and i think donald trump is hith a paris hilton moment, he has nothing else to say. he's going to have to pivot, change conversations, get serious. i think that time is gone. he didn't show up on stage and if there's nothing else to talk about, he lost his audience. melissa: i think you're both insane. noelle, help me out here. i thought the first debate performance wasn't good either and didn't make a bit of difference. the people who like him like him, what do you think, noelle. come on in? >> well, you know what? welcome to politics donald trump where you go up and down,
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everybody had their moment. remember last time michele bachmann, santorum, everybody had a moment in the sun. this is his moment in the sun. whether or not he's done, i don't think he's finished yetment i think trump is strategic, i think he's in it to see how far he can get, of course. but the interesting thing is this melissa. if and when he peters out, what are people going to be looking are? are they still -- still popular to be the nonpolitician, or are people going to go back and look at some of the governors and senators running. melissa: noelle, what are you seeing you? are a strategist, fund-raiser, pollster, you have your finger on the polls, does it feel to you since the debate that the enthusiasm is waning? >> well, what's happening in my world is a lot of the donors are a little frustrated with their candidates that they really want to shine and they're being asked to put big checks in the super pacs and the problem of it is trump is getting so much and poll
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numbers are so big, a the love the guys donate off the polls. so it's really been frustrating for the donor. >> the guy who benefits is jeb bush. numbers are so low, he's flying under the radar. and now instead of being royalty who arrived, he's the comeback kid, he starts off humble and gets better. >> they're craving it. melissa: there you go, david. david: did have a post-debate bump, and one poll i was reading. coming up, a weight limit in the workplace? the casino servers have one and it's causing quite a stir, details on the borgata babes. . special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best.
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david: breaking the rules which states that servers cannot gain more than 7%. melissa: or lose. david: remember huckabee at fox, he lost 100 pounds and put on 100 pounds and he kept his job. we don't have the borgata babes here. melissa: i'm not commenting on it. that does it for us, "risk & reward" take it away. deirdre: stocks got crushed. dow fell triple digits. you may be wondering what to do with your money. you're not alone, our expert guests are here with practical advice, gary b. smith, tim and scott martin, united advisers chief market strategist. so panel, the fed gave two reasons for nonmove yesterday. low inflation concerns about global growth. kim, to you first. what do you do with this information? >> well, i don't know, i don't
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