tv After the Bell FOX Business December 11, 2015 4:00pm-5:01pm EST
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highest levels since 9/11. david: also political. some of the republican leadership are making plans to fight what could be the party's inevitable nomination of donald trump. new details on what's at stake on that one. melissa: the stocks are plummeting and the final minutes of trade the dow right now is down more than 300 points. david: wow. melissa: as the closing bell sounds on wall street. take a look where we're trading right now. david. david: all right. well, we see everything in red except gold there's a slight particular up in gold, not enough to make much of a difference to investors. they were down as much as 339 points i believe on the dow at one point. so a little bit of a recovery. but a recovery with this market down as much as it is particularly in nasdaq is not much of a relief. melissa: no, absolutely not and look at crude oil there. more on today's big sell off, more from the floor of the new york stock exchange. lori, what are traders talking about there? what's dragging the markets? >> well, oil, if you look at the vix, 24 of the last
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average of vix. so, again, you're looking at a 27% top in that vix today and that's telling. so with oil at a 35 handle, that's speaking everybody out and the substory today, the other safety that you guys are talk about, that light pop in gd that's really scaring a lot of the people and one in particular is trying to prevent its investors from pulling their investments out of that billion dollar fund. so you're going to hear a lot of terms, a lot of commentary on the junk bond market here through the rest of the afternoon and over the weekend and really it boils down to what's going on in energy so we see getting back to the vix that pop up in the vix you have a lot of nervousness and when you see the classic move, that classic flight in security going right back into government debt, yields on the ten-year if you're interested 2.13%, that's the lowest
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philadelphia many months, quite telling where investors minds are at. especially in head of the most highly anticipated federal reserve meeting in probably ten years. guys. melissa: lori, thank you so much for that report. david: we are joined now by steve forbes, forbes media chairman to tell us what's going on. what do you think, steve? >> well, a couple of things going on, one is profits are very weak, the retail for november was so, which means the economy is not going to be picking up, which means profit is going to remain uncertain. you have pressure on commodities because even like that federal reserve tell us that they've been easing, so that puts pressure on the commodities. most of the cash or big part of the cash that companies hold is overseas. so companies have overborrowed, big ones but small businesses have been standard for credit. david: let's talk about the economy overall. we have seen profits going down, evaluations have been going up.
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that can't continue forever. today it didn't. it came down with the thump. do you think we're kneading a recession? >> no. i think what we're going to have is the kind of sluggishness that we've been experiencing and that's what gives the profit picture a little bit of grimness is you don't have a vibrant economy. the markets, which always try to anticipate the future would be very happy even if you had depressed profits now and they thought, boy, next year they're really going to start to boom nup 2016, 2017, price that into stocks today. david: you know, we get back into the discussion of a weak economy, why it's been so sluggish. this is the first recovery in my lifetime where instead of lowering taxes and lowering regulations, to get businesses going again, we had an increase in tax rates and an increase in regulations. it's a no-brainer to me. you increase the cost of doing business, you'll have less business. >> well, excuse me, taxes went up but also the huge uncertainty of regulations coming out of obamacare, especially for small businesses. and then you have the
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situation with the credit markets not working first frank affect a lot of the community businesses, big banks won't make loans to small businesses the way they used to because i think it's just too expensive. regulators get on your back. regulators keep telling banks raise your capital, which is also depressive lending. so the economy, it's amazing we're in second here instead of first. david: and of course next week we have the fed move. what do you think is going to happen? are they going to get spooked by what happened in the market today and put off a rate hike? >> if you do, you're going to see even more turmoil because the fed indicated was going to finally start letting markets operate in the credit markets by having real prices for the credit just the beginning. and then they pulled back. if they do that again next week, by golly you're going to see even more tush las turbulent and trouble in 2016, get it over with and what the fed should do instead of saying this is a tightening or raising of rates, get the credit markets fully
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functioning again, first step put a positive on it instead of making it look like it's a negative. david: by the way, lori mentioned the jump on market, taken a big hit and others put together these charts and say every time that has happened in the past 20 years, it's been the precursor for a recession, for an overall debacle in the market, do you think that might be coming? >> i don't think so if the fed starts to do things right. one reason. david: what makes you think they will? >> well, eventually you think after ten years or 20 years they might learn something. but what i think you see in the junk bond market is a reflection of what the fed did by suppressing interest rates. people were interested in yield. so when the energy industry is booming, by golly you couldn't get enough of those bonds. now the energy industry is being depressed because the dollar is strong, which depresses commodity prices. by golly you have a disaster on your hands. and so a shakeout, and unlike the 1980s when you had a real crash in oil and energy
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commodity prices, you didn't have as you alluded to earlier, you didn't have in place tax cuts, deregulation, so the rest of the economy could move up even as the energy industry had a hard time. charles: by the way, the young folks watching know you're a genius, they may not remember you ran for president, we're going to have you talking about the presidential race coming up later in the hour. steve forbes. melissa. melissa: thank you. more afraid from a terror attack now than any other weeks following the september 11th attacks. a new poll says 44% of americans think another terror attack in the u.s. within the next few months is very likely. amazing. up 16 points from two weeks ago before the california shootings. and more people believe terrorism is now more important problem facing the country today. more than any other issue including the economy and government. joining me now is chris from the institute for the study of war a senior naval analyst. thank you so much for joining us. do you think those fears are justified?
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>> well, i don't live in fear, and i recommend people not live in fear. with that said, i think the american people understand that the strategic narrative and the strategic initiative belongs right now to isis, al-qaeda, and the outraises terrorists organizations. we are in strategic retreat in the united states. we have withdrawn from the middle east, we have fewer military personnel stationed there than any time in 9/11, we have other employments there since any time in 9/11. that may be the right individual move in isolation but the net affect is all of these terrorist organizations and the spate sponsors of terror are expanding their influence, and they have the strategic initiative. so i think the public polling reflects the american publics judgment that we are losing the war on terror right now. melissa: do you agree with them, though? they think that another terrorist attack is likely in the next few months. do you think that's true? >> so i don't do predictive analysis like that. i'll just say there's a significant danger. i've never seen a time with
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more danger and the reason why i see that danger being so significant is because isis has perfected. to the extent you look at the attacks and say these were direct isis operatives, they were very effective, they were disbursed geographical and chronologically, that was a devastating attack to us. on the other end of the spectrum you see what happened in california. it looks to me like these guys were inspired by isis if not directly controlled by isis. so you have this entire spectrum of attacks, a broad range of people that conduct these attacks and a lot of these people are what we call homegrown terrorists that don't physically go down range to get radicalized, they get radicalized in the living room on the internet. melissa: and 57% disapprove of the president's handling of terrorism so 57% of blaming
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for how this is handled. david. david: okay. now to the global fight against isis, defense defense secretary artificial educator and jennifer griffins in that, she's at the pentagon with the latest. hi, jennifer. >> hi, david, well, a lot has changed since the british defense chief michael fallon last visited the u.s. in march. exactly one week ago the british parliament devoted for air strikes against isis in syria. for more than a year they resisted striking syria and now british tornadoes are flying from a base in cypress. they will soon to increase to five air strikes i day. secretary told me this morning that a quarter of all the precision strike fighters hitting isis are british. >> we have doubled strike force in cypress, moving aircraft there immediately after the vote last wednesday. we flew extra aircraft in on wednesday. those aircraft were on friday
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he think. >> five years ago britain flashed its defense budget by 8%. but britain has done an about-face in the past six months and britain will cressets defense budget for the next five years and has taken the lead among european nato partners in spending 2% on gdp in defense. meanwhile vladimir putin made news today while speaking to his top defense minister officials by suggesting russian war planes were flying cover for the american train free syrian army, which was surprising because the pentagon has been saying repeatedly that the russians have bombed the free syrian army repeatedly, putin went so far to say that the russians are sending weapons and supplies to the free syrian army. the had to issue an apology shortly after. david: whoops. melissa. melissa: an intelligent moving
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into the secretary week and still rains unclear whether the couple were known to any law enforcement agency. >> you have to say it was an intelligence failure. you have to. because it was. this woman was obviously radicalized years ago. and she got through the system. so it is a failure. melissa: investigators aren't yet certain whether the couple developed jihaddist intentions on their own or they were motivated by external militant forces. david: meanwhile back in california fbi divers are returning to a san bernardino lake today. investigators are looking for evidence, including a hard drive that may have been dumped into the lake. fox news jonathan hunt is on the scene with the very latest. jonathan. >> david, this dive search is on going, and it is pain staking. a team of two fbi divers has been in these waters behind me pretty much all day. you can see there we've got a storm blowing through here
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right now, which doesn't make what is already a difficult job any easier. they are basically the two divers that are in there, they're going between two white buoys, each of them. you can see them marked out. it's about a 50-yard stretch of this water we would say. that water is very dirty, it is very murky, very difficult, the divers tell us they are essentially blind in there. they're just searching it literally inch by inch in their hands trying to find a hard drive or any other evidence that farook and malik his wife may have dropped in there. they're not even absolutely certain it was, but they seemed to have some fairly solid leads that believe them to believe that something is in that lake and they're going to stay in there, those divers the fbi tells us until they find it. and also looking at potential connections between syed farook his former neighbor enrique marques and the man.
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we have some court sketches of him. he was arrested in 2012 and then convicted in 2014 of conspiring to support terrorism and kill americans overseas. he was convicted with three others. now, was he connected in in any way with syed farook? that is the question. and the sort of social circles that the fbi are looking at now are illustrated with this map we have. the convicted terrorist worship to the mosque in pomona. farook worshiped to the mosque in riverside, marques at a mosque in corona. all of those you can see from that map pretty close to each other. we also know from court documents that we've seen that met with recruits and potential recruits to his conspiracy at a bar called the velvet room. it's a hooka bar. that's in ontario. again, if
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you triangulate all of those points, all about 30-minute drive from each other. does that prove anything in terms have connections? no, it does not but the fbi tells us they would be remised if they didn't run down every single potential connection. especially given that he was convicted as i say of terrorist offenses back in 2014. david. david: so many dots to connect. jonathan, thank you very much. melissa: if it were a movie plot, we wouldn't believe it. david: i know. it's true. it probably will become a movie plot at one point. get this. despite being at war with isis the syrian government has millions and millions of dollars' worth of trade deals going on with the terror group. we're following the money trail. melissa: amazing. the majority of americans now disapprove of the way president obama is handling terrorism, auto could this be the recent surge of donald trump's support? david: obama helping trump, imagine that. and still the polls some
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republican officials are very worried, they're prepared to fight against what could be inevitable nomination. how could they do that? well, trump sits down with chris wallis on fox news this sunday to respond. here's a little preview. >> i'm going to win. i think i'm going to win. you know, i'm not one of these other guys that goes down, i don't go down, i go up. >> do you have a warning for gop leaders? >> i say, folks, i'm sorry i did this to you but you've got to get used to it. it's one of those little problems in life opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need
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tand that's what we're doings to chat xfinity.rself, we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. david: well, concerning new numbers on the amount of money isis makes from selling oil according to a senior treasury official, the terror group racks in about $40 million a month from petrol sales and
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their number one customer. get this. syrian customer syrian president assad, joining me now senior naval analyst. explain this to me. isis's biggest enemy, more even than the united states is supposedly assad and they're selling their oil to assad? how does that work? >> well, it's shocking, but it's really not that complicated. from the beginning, assad told the big lie. the big lie he was telling was that the syrian opposition was dominated by jihadis and islamists. that was not true four years ago. he had to make that true so that the west would not intervene. the way that he made true was by bombing and destroying the innocent moderate civilian opposition. now assad has the war set up exactly how he wants it, the way the only enemy he's got really is isis so there's nothing left for the u.s. to engage in other than rebels.
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now, they help each other out, they're codependent. david: here's another issue with isis, turkey and isis a lot of these oil convoys were going right to turkey and some people say that's no coincidence. there must have been some people of turkey, and people sayingene of the members of the family, what do you think of the isis turkey connection? >> well, the isis turkey connection has been there all along. they hate assad more than anybody else in the middle east. they have been assisting isis because isis has been effective at targeting assad. so from the get-go, turkey was facilitating the movement across the turkish border into syria. they're now recipients of the smuggled isis oil that's going out. they're returning cash to isis. david: very quickly. the state department seems to be turning up a blind eye to that. in fact, one of the state department focus ma spokesman saying buying from oil there isil, we don't believe that to be true in any way, shape, or
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form. you don't buy it? >> there's no turkish government and lift? just last month we bond 115 isis oil tanker trucks. where is this oil going? it's going into turkey, the turkish government can't be that uncompetent that they're unaware of all of this oil. david: there chris, thank you very much. appreciate you being here. melissa: not waiting for the federal government to act. coming up the details of the state's new gun control law, and did you see this? a heated debate between parliament. david: or maybe they're in love. i don't know.
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at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. melissa: take a look at the markets today. very rough day for oil. that was part of the reason we saw this big down draft. we're also the junk market really struggling right now. all of that led to a sell off. the dow closing down 309 points that is not the low of the session, but we are setting up for a wild week
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next week if you want to keep an eye on this story. david: that is going to be exciting. melissa: yeah. david: a lot of investors worried this weekend. meanwhile a few other stories on our radar, can it beefing up its gun laws, planning to ban gun sells to anyone being the first state to limit gun access in response to the san bernardino terrorist attack. and a brawl erupting in ukraine's parliament that was intense even by the standards of that chamber where fights are common. the ukrainian prime minister dragged from the podium as you can see which led to other members to join in to join the scuff and don't we all love fights in suits? fights in suits, they're special. melissa: yeah, okay. david: and history will be made in saudi arabia tomorrow. for the first time ever saudi women can vote and run for office. is it cautious step forward in a nation where social change certainly doesn't come easy. got to start with one step anyway. the white house could have a hand in propelling trump's rise to the stop.
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they don't think the president is doing enough against terror threats. here to weigh in, steve forbes, alan combs, gina loudon. thank you all for coming. steve, would forbes be as successful if not for obama's handling of terror? >> obama's handling of terror with the american people have been very clear. they don't think we're doing enough abroad or at home. trump has tapped into that. i don't agree with what he has put on the table but he has come across as one who is more concerned. the other presidents are scrambling to catch up. liz: -- david: a lot of it has to do with the president's track record on terror. there is no credible threat.
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even the best experts did not see it coming, but butcoming, but on the other hand he said it. >> if you are president you get the blame. youblame. you don't get the credit when it doesn't take place. sadly -- david: after september 11 everyone rallied around bush >> because people are scared. a bunch of republican presidents playing the fear card. i don't think that you should hopefully not when on fear. david: what do you think? >> it is patronizing to a block of voters say they are operating only on fear. but 75 percent of americans, the number one concern is terror. it is a rational concern concerning the san bernardino shootings. so i think to say that people are operating on fear as if they are somehow a rational is a little bit and we need to have this dialogue and allow people to
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be part of the process and have the conversation. david: i likei like your point of you. we want to switch topics a little bit. his proposal attracting a lot of heavy backlash overseas. the petition against it now more than 500,000 supporters. do we really want the world elites alike our president? president obama was a world superstar. ronald reagan was despised by the world elite, and the world looks pretty good. >> i don't think we should be concerned with the likes or dislikes. keep think -- the key thing is effective leadership. and reagan demonstrated that >> the world elite every step of the way. >> the put in the progrowth policies. the leader of germany not to
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mention margaret thatcher worked with him to put those intermediate missiles in europe which was critical and bringing down the soviet union. david: even president obama said it was ridiculous that he got the nobel peace prize before he did anything. doesn't that show how clueless these elite are? >> the peace prize committee and blame them. david: they blame himself. >> you know what i'm saying. >> he had aa good relation with gorbachev. why wouldn't we want our president to be well-liked and have those relationships? >> the key thing was not being liked but respected. he can work with these people. david: look at what happened with the russian reset by hillary clinton and president obama. >> no, and this is why. it was about reagan focusing on our government is
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supposed to focus on which is national security. this pres. and administration have focused on everything except national security. reagan made government smaller. obama is made government huge and the american people not want that anymore. it is never a positive outcome. david: you are the outnumbered guy. >> reagan grew government. he spent a huge amount of money and military. >> what there supposed to focus on. david: she got an right under the wire. discussing all this and a lot more. the starts tomorrow morning at 11:00 a.m. eastern time right here.
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>> elon musk and space x announced they will launch another falcon nine rocket. the new rocket is reportedly 30 percent more powerful. an upgraded version of the model that exploded two minutes after launching in late june. for all the latest we are joined now. >> you covered the details, but this is about elon musk versus jeff basis. it landed vertically back down and he tweeted out something like, it might look difficult but if you know how to do it and only less difficult. definitely in the space race. the big take away is that the more these rockets can go up and can obviously land back on the ground vertically comeau we are oneste. >> absolutely.
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well, maybe you are. >> we will see you at the top of the hour. david: i am with you. all right. word on the street is that the republican party is swearing to keep donald trump from becoming a front runner. a major milestone. more on that coming up. you can't predict the market. but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all
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stepping up this fight. nervous about his continued momentum. if he gets the nomination he will lose to hillary clinton in the general election. party powerbrokers met this week in a regular monthly dinner with party chairman ranks previous and discussed the possible brokered convention in cleveland to deny trump the nomination and pick someone that they consider more mainstream, more electable, whether trump or any other candidate arrives with enough delegates to lock it all up. here is what trump told chris wallace. >> am not one of these other guys that goes down. >> do you have a warning for gop leaders? >> i'm sorry i did this to you, but you have got to get used to it.
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>> as you know what trump has not shut the door to an independent bid if party leaders don't treat them fairly. doctor ben carson also criticized gop brass, if this was the beginning of a plan to subvert the we will of the voters and replace it with the we will of the political elite donald trump will not be the only one leaving the party. david: unbelievable. thank you. >> gop candidate ben carson threatening to leave the party. this after a closed-door meeting of republican leaders discussing the possibility of a brokered convention. >> what would bring you to the point of saying, i am no longer republican? >> if it became clear that they were using, you know, various types of to get around i would leave. i just
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would not want to be a part of it. >> would you stop being a republican? >> i don't know. i might go back to being an independent. >> joining me now, rich lowry, editor of the national review, fox news contributor. rich, i startrich, i start with you. we were all laughing while we were listening to trump say is things. what do you make of that? >> unfortunately it is true. he goes back up. >> i go up. >> i don't want to exaggerate because a brokered convention is unlikely, but we are beginning to here the fishers and see some of the rhetoric of a party on the verge of a meltdown in the civil war. i do not think that it will happen, but the establishment must try to muster forces to block donald trump at the convention. >> steve forbes.
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>> i don't think. >> no? >> more and more people are saying that. >> if trump when's the primaries he will get the nomination even if the so-called establishment is against him. they have tried to unite against a candidate. 1964. it failed miserably. the voters will make the choice. if trump does not get a majority he could have a brokered convention, but you will have a legitimate result. it won't be a backroom deal. imagine having a backroom deal. first, you can't smoke. abcaseven it ain't going to happen. they can have all of the dinners they want. >> i hear you laughing. >> first, i have to commend doctor carson. this was a great show of strength. i doubt we will see this reflected in paul numbers because he stood up to the party in a way that they
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need to be stood up to. conservatives should be asking what it is that the establishment and the democrats are so afraid of. if i were advising conservatives, if you are for either one of those candidates keep your powder dry and don't hurl insults. follow the lead of your candidate who is not criticizing any of the other three. >> what they are afraid of is that he can't win a general. isn't that what they are worried about? we are afraid that we send him up against hillary clinton and he just loses. >> they worry about a debacle. the same people thought there is no way he would lead the nomination.
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there is no trick the establishment is going to be able to pull. liz: is there someone who can come forward? he has had it for a long time. >> what is amazing, most of them not had a long career in politics and don't seem to know how to practice politics. you have a scene, exciting proposals. good ideas, butideas, but they have not put together a team. make america great again. jeb bush, i don't know,, cruise, i like some part of him. it is just a blank. they have not broken through. getting america moving again. >> is really getting traction in the theme has
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been consistent throughout. i'm against the soviet union. heunion. he had a plan to do it and outlined how he would do it. >> the last time this happened was with reagan. liz: regrets ago. >> breaking news. the san bernardino terrorist saying for $28,000 loan the one he had a couple of weeks before the shootings was funded by citigroup. city spot the loan from online lender prosper and as a result ita result it was cities loan. breaking news. peter barnes working on the story, working the phones, getting more details.
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david: more on this extraordinary breaking news. one of the mass shooters in california. peter barnes has the details. it is not like they just gave the loan. they bought it from an online loan. >> trying to get more details. we have asked for comment. this website prosper is actually kind of a loan application aggregator, a nontraditional borrower offer loans through prosper and other online lending websites, and this is where he applied for the $28,500 loan after were just before
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the san bernardino shootings we have been looking in to where he and his wife got the money to buy these weapons and make these pipe bombs and get the munitions. it looks like we are getting some idea of the trail, but we are asking for comment and looking for verification. >> the financial part is fascinating because it mimics what happens with the subprime loans. bought these loans. some people, unbeknownst to them, about to invest or did invest unknowingly. >> according to the dow jones they bought the loan back from city.
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prosper is a website that got $350 million in venture capitol funding to get into the online lending business. i would not be surprised once all this came out maybe would just be speculating, but no company would want to be involved in this. >> i mean,, you remember the original loan when he went and borrowed it. it was about what is defined as credit or what -- >> apparently so. obviously people can do this. again, an american citizen born in illinois, and like anyone else you want me to go to one of these websites and apply for a loan online. we do know they had some
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serious ties to terrorism. if she had done this and traveled, bringing his wife back here and apply for one of these loans online. david: we should mention one reason why they are reluctant to talk about it is responsibility. is it the responsibility to no every single loan that they bought? again,again, it gets into the same kind of stuff about the subprime's. who is responsible for knowing what is in that loan package? >> and it is obviously against the law for an american bank to help finance terrorism. my e-mail to city has bounced back as undelivered. i have to find someone else
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to contact. >> it will come down to what the application looked like and if he told the truth on the application about what he was doing and what kind of checks they have in place. it reminds you of the financial things we have seen in the past. >> it could put up feel freeze on this development. in some cases it looks to be a great source of funding coptic particularly when the banks are as frozen as they are. on the other hand,hand, you have to take responsibility for the loans that you buy. could they be considered a funder of terrorism? it is possible.l, i know th >> interesting. we will follow the story and be right back. mm hmm. just wanted to touch base. how did edward jones come to manage over $800 billion dollars in assets? huh. okay.
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here's our latest market outlook. two things that i'd like to point out... through face time when you really need it. so that's interesting, you know we had spoken about that before. it's how edward jones makes sense of investing. ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine, i talked to my doctor and found a missing piece in my asthma treatment. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine,
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the terror attack, and they were apparently responsible for the loan. they bought the loan from an online lender that had given the loan and now city may be responsible for this. melissa: back with us in on the phone right now. >> my 1st reaction, the federal bureau of investigation it is hardly reasonable. the 2nd impression, it bothers me to see this, forensic accountants may be more valuable than retired navy pilots. we always have to follow the money. follow the money and find out if these guys are getting finance and cut that off. it would not help because it's short-term financing. this is clearly the kind of issue we are going to have
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to bring up the issue. they get all the cash that they need to conduct the terrorist attack. there is no way to predict or prevent. david: do you think it is likely there will be copycats? see what he did then do the same thing, try to get an online loan? >> it is beyond likely. it is an absolute certainty. they love copycats. they lovecopycats. they love to see what works. they validated methodology and then replicated. until we figure out how to stop this lone wolf copycat attack using short-term financing it is virtually guaranteed that we will see a repeat offense. melissa: knowing exactly how it came to fruition is the 1st up and stopping it. discovering this route, it puts the short-term lenders on notice. thank you so much for coming
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back on. david: thank you. have a good weekend. it shows our responsibility is one of the achilles heels that does it for us. thank you for watching. have a great weekend. "risk & reward" starts right now. deirdre: stocks with the worst week in months. oil hit knew seven-week lows. the dow fell by 300 points. a mutual fund blocking investors from withdrawing their own money. lori roffman with me now. how much did energy dragged on the market? >> energy is the culprit in a couple of different ways. when you have the price of crude oil falling at three 1/4%, 35three and a quarter percent, 35 and change you are freaking people out. the fear gauge popped up to a level of 24. his average is l
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