tv After the Bell FOX Business May 25, 2016 4:00pm-5:01pm EDT
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trail starting to talk about fiscal stimulus. we think that is really good. it could launch a really significant rally. liz: good to see you. we really love him. on a day big gains for the bulls once again. the dow is positive more the month of may. [closing bell rings] here is the closing bell. david and melissa pick it up here for "after the bell." david: another triple-digit gain for the dow, ending up more than 150 points. these two days of gains put markets in positive territory for the month of may. i'm david asman. melissa: i'm melissa francis. this is "after the bell." we have you covered on the markets. first here is what else we have for you at this hour. donald trump firing up the crowd in anaheim, california right now. police out in full force to deter violent chem straighttores like the ones weigh saw in new mexico -- demonstrators. in chicago they are calling for
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higher minimum wages. ahead of mcdonald's annual shareholder meeting. we know hillary clinton violated the rules when it came to using her personal email server from the state department. we have new details from a long-awaited report. david: all those stories in just a minute. green all over the screen. dow finishing up triple digits led higher by ibm, goldman sachs. a lot of different sectors involved. phil flynn, fox business contributor, watching action in oil and gold from the cme. and lori rothman on the floor of the new york stock exchange. lori, first to you, what is driving the rally today? reporter: couple different thoughts, david. first of all you have a triple-digit day on the dow, for the second consecutive day. that has not happened in six weeks. first back-to-back triple-digit gain on the dow in six weeks. is this good news, good news? the fed is about to raise interest rates to signal the u.s. economy is moving in the right direction or is this
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short-covering? jeffrey, ceo of double line capital, high-profile investor basically telling reuters he believes the two-day rally is nothing more than a short squeeze and u.s. stocks are dead money. a lot of chat about that comment on the floor today. we'll continue to watch these factors. meantime it really was a classic risk-on today if you look where gold is and oil is. oil pushing 50 bucks a barrel once again, in terms of sector movers. on s&p you have nine of 10 s&p sectors up. energy on that rising oil barrel, it was leading sector along with materials and financials. financials gaining ground on expectations of higher rates. lagging sectors today. utility, classic haven. didn't need that with the risk-on trade. back to you. melissa: oil ending highest level since october, phil, what is driving that today? >> concerns, melissa about falling u.s. production and rising demand. those are two key factors we have seen today.
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not only did the energy information administration report that u.s. production fell again, there was a report earlier that shell laid off 2200 workers that really doesn't bode very well for u.s. production to rebound when we see major oil companies still retracting in the market. now that was very bullish for prices. we did see a little bit of weakness after the report on concerns about gasoline demand. gasoline demand slipped last week, raising concerns maybe memorial day weekend we won't see the record demand everybody was expecting but they shook that off later in the day, rallied back strong on concerns about supplies. all commodities are on fire today, except for gold. i mean we got soybeans rallying. crude oil rallying, gasoline rallying but gold is like kryptonite. nobody wants to touch that now. they probably won't want to touch it until after the fed meeting. till then stay away from polled.
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you got to like the way rest of the commodities are rocking, melissa. melissa: thank you, phil. david: used to say sell in may and go away, at least for now, two major indexes up after two consecutive rallies. a few points from dow 18,000. here to weigh in, jason rotman, lead die aisle advisors, kevin kelly, recon capital management. jason does this market make you more bullish or more skiddish what might happen? >> good question. clearly makes me more bullish for a few reasons. reason number one, there is really no recession, okay? that is why the market went all crazy last fall. it was down five, 10% in january. there was uncertainty hey, is this economy going to fail with higher rates on the horizon? and the u.s. is starting to show that the answer to that question is no. we had amazing housing numbers. there is decent jobs growth. there is a little bit of
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inflation which is food for commodity producers, et cetera. so there is a lot of money on the sidelines is the bottom line, and today that money is starting to get back in. david: kevin, remember the first quarter, gdp, i hate to remind you, it was one-half of 1%. i mean, we are going at a pretty stagnant level. with might have changed in second quarter. but, i'm wondering if there is too much optimism. we should mention, one stock in the s&p 500 that has a majority sell ratings among analysts. that sounds like overoptimism to me? >> investors actually do need to be careful in this he slow global growth environment. we may see slower gdp growth worldwide, sub2%. and united states is printing bad numbers as well. there is actually a lot of conflicting numbers coming through on the economic tape. that is why the market is rebounding now because they think the fed will only move one more time this year. that is where you're getting a lot of conviction in these markets, as opposed to raising two or three more times.
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we had volatility earlier in the year because it was anticipated that the fed was going to raise four times. so people like -- david: flat line. >> easy money out there. this is good for corporations because they can continue their buybacks. melissa: yeah. yahoo!'s bleeding continuing today. the embattled tex company down 5% as biggest loser on s&p 500. variety magazine pointing the finger at marissa mayer. the cover of its may 24th issue characterizes the ceo as false prophet who failed to save yahoo!. jason, that's brutal. going too far? >> that is pretty intense imagery there. i think ultimately the bottom line with yahoo!, when it rains, it pours. not only is their overall business suffering and looking to be bought out, now alibaba is investigated by sec. can it get any worse? i was thinking about this, the reason why yahoo! is down today is really reflex of the prediction in my opinion that they're going to sell to
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whoever, verizon, at&t, but it will be fire-sale prices which is not good for shareholders. melissa: kevin, very critical obviously based on the picture of marissa mayer, wasted money without cohesive vision. she was given a sinking ship when she took over. how much is she to blame? >> i think she is absolutely to blame. she was given keys to the castle to one of the best internet properties around. if you go back to 2005, they had 25% of ad revenue. now they're sub3%. problem she mismanaged whether on management side, she brought over decastro would lead the search. completely got rid of search. bought tumblr for is $.1 billion. ad to completely right that off. terrible acquisition and terrible management. people are fleeing company. she hasn't guided, i will lay off 25% of the workforce, make 10%. i don't know what is for sale. tell us what you want to buy.
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she mismanaged even the sales process. melissa: are we going to yahoo! earnings? you didn't tell me who was doing that? lori rothman. hp, sorry. hp reporting second quarter results. lori rothman on floor of new york stock exchange. lori. >> mixed picture for hp. they came in ahead of expectations in terms of earnings per share but the revenue was a little bit soft. really the units that crushed, i don't want to say crushed hp, hurt them was printing, don't forget, this is the company that handles the computers, the printers, hardware side of things. and the printing revenue was down a lot. a lot of that has to do with stronger yen because do a lot of the -- things in japan. you recall yesterday at this time, we were talking about hewlett-packard enterprise earnings and announcement that meg whitman oversees that unit which was spun off from hpq, so basically that spin-off hurt hpq. these are all people rang the closing bell, coming off the
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floor. send it back to you. hp is down 2%. latest reaction. back to you. david: another company struggling is tiffany. the luxury jeweler retailer is attributing steepest decline sales recession to the strong dollar and declining tourist demand. jason, i'm wondering if this is maybe a canary in the coal mine? >> i don't think it is. here is what i think about tiffany, david. i think this is a reflex of -- reflection much there is still lingering fear, whether, low,mil of january-february volatility. i think why is tiffany up on the day unchanged where yahoo! is down 5%? david: that's true. >> there is value happening in tiffany, again why is the stock market up? there is a lot of money on the sidelines looking to get back in. david: people have to buy what companies produce, kevin, and a lot of people aren't buying, particularly the asians by the way. they love tiffany stuff. they're worried about the future and they're not buying. that hurts tiffany.
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>> i think you brought up one of the best points, tiffany even said that on their call. they said they were impacted by foreign sales, especially sales in hong kong they attribute as well to the stronger dollar. that even cast as shadow over entire marketing in general. a lot of companies are hinging on china for the next wave of growth. you even see it from tim cook, who sighs there will be 500 million middle class citizens and that is what they're targeting. same with tiffany's. bright spot on tiffany's earnings is gross margins increased over 200 basis points. so they're now 61% gross margin. that is great. they started selling -- david: tiffany's is always good in that. they manufacture a lot of stuff here. donald trump would like that. kevin, jason, thank you both very much appreciate it. >> sure. david: spiking of politics, hillary clinton violating the rules when it came to using the personal email server, the state department, what the i-f says there.
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more results from the long-awaited report and what it means for the race for the white house. melissa: violent protests erupted outside after donald trump rally in albuquerque, new mexico. what does the scene look like today at his rally in anaheim? we'll take you there next. david: department of veterans affairs again under fire for long wait times but more failures are now coming to light. we have new startling details of how a big snafu cost thousands of vets their benefits. who better to speak of all this than lieutenant colonel oliver north. he is here to weigh in. >> i call them unfortunately bob the bubbleboy because he is in the bubble of the va, the bubble of the bureaucracy, the bubble of government and unions. he thinks everything is getting better, things are improving, more money for the va. i'm out there talking to vets at different events. wait times are only getting longer. i am benedict arnold, the infamous traitor. and i know a thing or two about trading.
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melissa: chaos erupting at donald trump rally in new mexico. protesters lighting fires and smashing doors and throwing rocks. some even taunting police and jumping on vehicles as officers in riot gear work to calm the scene. the presumptive republican nominee is speaking now in anaheim, california. as about 150 protesters gather outside of the convention center. fox business's blake burman is in d.c. with latest on this. blake? >> hi, there, melissa, best way to put this is familiar but much different scene from what we saw in anaheim or from what we saw in albuquerque, new mexico last night. in anaheim, california, donald trump is addressing thoses of supporters. as you saw from the video there, there is no widespread revolt against authority from those protesters. they are recall toking and they are together. riot police is there but there is no clashing back and forth.
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that was the case in albuquerque, new mexico last night. right off the top of his event in anaheim today. trump addressed scene which police described as riot. trump saying what happened in albuquerque was a flash while his rally was quote a love-fest. no love lost for trump as it relates to hillary clinton and elizabeth warren. the massachusetts senator continued her attacks on trump last night during a blistering 10-minute speech in which she called trump an insecure money grubber who will never be president of the united states. trump took on those two just moments ago. here he was, take a listen. >> i call her goofy. she is, no, no, goof city. she gets less done than anybody in the united states senate. she gets nothing done, nothing passed. she has got a big mouth. and that is about it. but they use her because hillary is trying to be very presidential. she is stopping with the
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shouting, okay? reporter: trump briefly touched upon the state department inspector general report, said in part clinton did not comply with the federal records act. trump called it a bad news day for clinton who he said, i'm quoting here, is as crooked as they come. melissa he also suggested that the democrats might parachute in joe biden. back to you. melissa: wow. okay. fantastic, blake, thank you. david? david: back to the other side of the aisle, hillary clinton's email scandal taking a new turn as state department watchdog, inspector general finding that the democrat candidate's use of a private email server violated the department's policies. the report also disputing clinton's argument she was allowed to use a private server in the first place. here is james freeman of "wall street journal." emily shire, a political editor. good to see you both. james, you harken back to her first statements about what was going on. >> david: you compare that to the inspector general's report.
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this doesn't jive. this has to hurt her honesty level which of is already rock bottom? >> it's a bad day for hillary clinton when you go back to, march of 2015 when, when this scandal broke. david: i remember that. >> our cousins at "new york post" proclaimed here leader free world. that is when she deleted 30,000 emails. go back to the time until day. almost nothing she said was true. between the press conference and succeeding days, she established private server for convenience. this report blows away that argument. it shows emails from hillary clinton showing this was about keeping other people from accessing her email. and this is also potentially a criminal problem for her because it now shows intent. now you also, look at rules. she said it was permitted emphatically from the ig, not permitted. he said people in the state department, security information security apparatus, said, no, not permitted.
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they did not sign off on this. lots of problems here. i think if you're voter, you also have to ask, do i want someone who refused to cooperate with a federal investigation into their conduct? david: i got to get emily here. i mentioned report specified they don't see any criminal activity in there in terms of intentions. emily going back to the beginning, she claimed she was not guilty of violating law but not guilty of violating state department policies. here is what the report says, her practices failed to comply with department policies meant to insure federal record laws are followed. i just can't believe this is not going to hurt her in the opinion polls? >> to be honest main reason this isn't going to hurt her she is seen wildly untrustworthy. david: can't get any worse, effectively what you're saying? >> "new york times/cbs news poll" came out only 32% americans trusted her.
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she is still beating bernie sanders three million votes and only 31% of the americans trust donald trump. he ran away with republican nomination. first of all attacks of trustworthiness may not hold water and bring her down. david: trump is the presumptive nominee. james, she still has to look behind her back to bernie sanders who is doing her all the way to the convention. >> he is winning a lot lately. she wants to ignore that. this is another reason for him to hang around. i think a lot of rationale you assume for bernie to this point, maybe she gets indicted. you never know. david: don't you think emily, 2:00, 3:00 in the morning somebody from clinton camp will call bernie, let's make a deal? if you want something out of the convention it is time to drop out? >> i don't know about that, but the thing with bernie sanders, this is a bit of a gift to clinton, his campaign all along maintained they will not hit her up on emails. bernie sanders earn ad lot of support when he made the comment
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during the debate, i don't give a damn on emails. jeff weaver stood by that. he went on cnn, we don't comment. david: it is too late. the dribble of information coming out will continue to hurt her. she could go down a little bit in the polls, my opinion, thanks very much. james and emily. melissa. melissa: the hacker who claims to have broken into hillary clinton's email server pleading guilty in federal court. the romanian manic named "gucifer," hacked into the social media accounts of 100 americans including former president george w. bush and colin powell. "gucifer" could face up to seven years in prison. david? david: i love that nickname. students at one college are looking for easy way to get straight as it actually has nothing to do with studying hard. tsa administrator facing tough questions on the hill today over long lines but were there any real answers? >> today we face a crisis at our airports, three-hour long security lines, 430
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american airlines passengers stranded overnight. more than 3,000 bags failed to get loaded on to planes. this is unacceptable. and it is time for congress to act. if you take multiple medications a dry mouth can be a common side effect. that's why there's biotene. it comes in oral rinse, spray or gel, so there's moisturizing relief for everyone. biotene. for people who suffer from a dry mouth.
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melissa: peter barnes is standing by on capitol hill with the latest what the fallout from this hearing could mean for the tsa and more importantly, for american travelers. take it away. reporter: hey, melissa, that's right, the lawmakers hammering the head of tsa over toes long lines at airports especially going into the memorial day weekend here and the heavy travel, summer travel season.
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>> today we face a crisis at our airports. we've all read the headlines. three-hour long security lines, 430 american airlines passengers stranded overnight in chicago o'hare. travelers from atlanta, charlotte and alaska, waiting forever to be screened. >> direct ad fundamental review of staffing structure of our screenings operations. we must match operational capacity to demands of projecting and real screening volume. we're continuing to work closely with the department and congress to adjust our appropriations to allow us to match resources with mission demands. reporter: now tsa blames long lines on more travelers, fewer tsa workers and tighter security after terror attacks in europe and possibly in the egypt air crash. tsa screened 449 million travelers in the first five months of this year. 57 million more than during the same period last year.
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and it has 5hundred fewer front line screeners than in 2011 but critics also blame the agency for bureaucracy and mismanagement, causing these problems. now to help travelers get through this summer tsa administrate sore said the agency will make some changes in staffing thanks to some changes in funding priorities approved by congress. it will ad 800 more screeners. it will keep 1600 it planned to cut because of budget cuts. those are canceled. it will pay more overtime to keep screeners on the job longer. chairman mccaul is moving forward with legislation for tsa staffing reform. melissa? melissa: wow. peter barnes, thank you for that. >> donald trump was drooling over the idea of a housing melt down because it meant he could buy up more property on a the cheap. what kind of a man does that?
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david: or what kind of a woman does that? turns out that senator elizabeth warren, who as you saw just blasted donald trump for buying properties on the cheap was quite a house flipper herself. according to a piece that ran in the "boston herald" when warren was running for the senate, warren rapidly bought and sold homes herself, loaned money at high interest rates to her own relatives, and purchased foreclosed properties at bargain prices. the herald detailed land sale records indicating warren bought and flipped more than a half dozen houses in her native oklahoma city in the mid 1990s. in one case making 384% profit after only five months! melissa: normally we would congratulate her for that kind of behavior but she is saying donald trump mercenary for doing this he calls her pocahontas but maybe should call her pinocchio. david: what gall. blaming somebody for something you do yourself.
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melissa: there you go. obama administration taking extra steps to help the country. experts sounding alarm on capitol hill. that's next. david: mcdonald's employees not loving when it comes to their pay. details on the wage war coming up. >> cheaper to buy a $35,000 robotic arm than it is to hire an employee who is inefficient making $15 an hour, bagging french fries. it's nonsense.
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david: shares much williams-sonoma is jumping up 4% after hours. let's go back to laureate the stocks exchange. what is moving the stock, lori? >> great numbers, david. williams-sonoma beatings on top of bottom line. 53 cents. pretty much in line, a tick above really all needed to launch the stock up. at one point up 7.6% in the extended session. also helping williams-sonoma the company said it is on track to deliver near and longer-term goals. that is williams-sonoma for the second quarter. back to you. david: good stuff, melissa? melissa: growing concerns on capitol hill. experts warning the obama administration is going and above the nuclear deal to -- sparking concern that the country is black mailing the white house to get further concessions. that is from the "washington free beacon" and testimony on capitol hill.
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we have christian whiten. former state department. thanks for joining us. this was a nuclear expert in front of the senate banking committee talking about the obama administration efforts to boost iran's economy and resurrect the financial sector warning they're becoming dangerously close to trade promotion and authority. why are they binning over backwards on this, do you think? >> a big part is john kerry trying to validate the iran deal that he was chief proponent of negotiating. this will come as a surprise to a lot of u.s. businesses who turned to u.s. embassies abroad and been stymied trying to get help from their own government to promote u.s. business. turns out the embassies are promoting iranian business. basically at the heart of it iranians are trying to blackmail us. there are still some sanctions left in place. the nuclear-related sanctions were lifted as part of obama's and kerry's irrather than deal but sanctions related to terrorism, human rights violations and some other
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activities remain in place. iran is complaining, knowing that they can't really drop the sanctions without outcry from congress, administration is trying to help out iran in other ways especially trying to help it get access to the banking system in dollar-denominated transactions through complex work-around. really doing iranian's jobs for them. melissa: i don't understand, the bottom line iran continues to threaten to walk away from the nuclear deal. walk away from what? what are they giving us to, you know we're not going to do it, we will walk away? what are we getting so valuable that they have leverage to threaten to walk away? that's what i don't get? >> very good point. the administration still thinks it has magical agreement that will prevent iran from getting a nuclear weapon. almost everyone else seems to understand and governments behind closed doors throughout the middle east and europe realize iran has retained tremendous nuclear capabilities and clear path to nuclear weapon.
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meantime allowed to get enormous resources to do what it does best which is subversion, spreading terrorism, using terrorism as a tool. melissa: yeah. >> so the obama administration is in sort of a state of delusion. >> the administration itself admitted in "the new york times" article that whole idea of anytime, anywhere inspections was made up. it was echo chamber, that they got experts to repeat it even though it wasn't true, that anyone who read the agreement knew that wasn't in there. that they were lying about that and making it up. so it doesn't seem like we got anything. instead they say they're being advocate for trade promotion and business development. couldn't motivation be this idea if iran becomes prosperous, it becomes westernized. less radical. if they have money. they become closer to the west. i heard that narrative, which you know doesn't strike true to me but seems like the fundamental belief on the left? >> i think so. you have two fundamental beliefs coming from the washington establishment. one is a belief in arms control.
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even though it doesn't have a great history of working. the other liberal economics lead to liberal political systems. melissa: right. >> both have been disproven. china is the big disprover of that second theory. it is article of faith among the foreign policy establishment we see again and again this time with iran. melissa: christian, thank you for that. david: back home protesters taking to the streets of chicago to rally against what they say are unfair wages for their work. the demonstration kicks off two days of protests expected to reach mcdonald's headquarters in oakbrook, little know. this is -- illinois. where they hold the annual shareholder meeting. standing by on the streets of chicago is our own jeff flock. jeff, there are no guarranty that all the protesters necessarily work at mcdonald's correct? >> absolutely. they expect 8,000 at corporate headquarters in oakbrook this afternoon. this is the rock and roll mcdonald's where they had a big protest today. pictures? pretty intense protest although
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the workers, a lot of them bused in from out of town. a lot of them service employee international union members organizing these protests. they would like to unionize mcdonald's workers. and i talked to the president of the seiu today about that and about $15 minimum wage and possibility this could lead to loss of jobs. she says, i don't think so. we essentially would put more money back into the economy by having workers with more money to spend. here's what she told me. >> we reject that notion. people have more money in their pockets they spend in their local community. it can create jobs. that is what is happening in seattle and san francisco. it is going to happen in washington, in california and new york, who just passed their $15. we're not stopping until every fast-food worker has 15 and a union. reporter: mary kay henry, the president of seiu. i talked to one worker who was mcdonald's worker in chicago who went on strike.
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she struck before against mcdonald's. they never fired her. she worked there 2 1/2 years. she said this is worth fighting for. if i get fired you know what? there is a lot of low-wage jobs out there. i take one of those. david: i see. there are a lot of robots waiting by for the wages. melissa: a lost unemployed people. if your millenial is living on your couch and raiding your fridge, you are not alone. ♪ you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. who don't have access thto basic banking,on people but that is changing. at temenos, with the microsoft cloud, we can enable a banker to travel to the most remote locations with nothing but a phone and a tablet. everywhere where there's a phone, you have a bank.
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david: breaking news, popeye's louisiana kitchen, doing bad i also, dropping after hours 9%. first quarter 2016 results missing estimates on both top and bottom line. poor popeye's. melissa? melissa: millenials staying home for first time in 130 years. adults 18 to 34 more likely to live with their parents than a
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partner. this is according to new study from the pew research center. whopping 32% of the millenials choosing to stay in the childhood home. joining me alexander smith, college republican national committee chairman. jails freeman is back with us. james, i assume you don't live with your parents, safe assumption. >> no. melissa: alexander what is going on here. >> by-product of obama economy last eight years. this administration thinks 2% gdp growth is new normal. we've seen double-digit youth unemployment last eight years, skyrocketing student loan debt, skyrocketing credit card debt. they are moving back in with their paints because they can't afford to move in on their own. melissa: that is kind of saying it is someone else's fault? are we coddling the children? for my part i was willing to work 25 jobs to move out. this is what i was going to do. seems like maybe parents, could be lesson to me are making it too cushy and fabulous?
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>> that might be but look at any demographic group their numbers will look terrible in the obama era. that is just the fact of our bad economy, slow growth but i think this group will look a lot better once the economy starts to turn around. that could happen very soon. melissa: yeah. >> company called hearts and wallets surveys consumers on finances, they're finding despite what we might think the kids are growing up in terms of their understanding of finance. their goals, their expectations and desire to work hard. so i think a lot of these problems are going to get solved once we get a growing economy. melissa: except for that it said, most of them expected to make six figures by the time they are 30. there is higher percentage of men living at home than women. i mean, maybe we're coddling our boys too much? >> actually i think in terms of the millenial expectations where they will be next couple years, it is actually pretty optimistic sign for me, millenials recognize that our generation has fundamentally changed the way the economy works. 1.5 million americans make
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majority of income on ebay. they are not used to the cubicle and gold watch for 50 years, but they're making money from home and change careers six times in their lifetime. melissa: one of the biggest things in this study unfortunately the idea kids thought they would make a lot more money than they did at their chosen career. they didn't realize how much debt they were going to have. they did a tradeoff i will graduate with this much debt but probably get this job that pays this they were way off on their math? >> again i think you see that with a lot of people. diminished expectations but if you want to talk about blame, yeah the encouragement to rack up student loan debt -- melissa: like never before. >> like never before and that really accelerated during the obama years basically more than doubling over a trillion now, student loan debt outstanding. melissa: yeah. >> that was a mistake. they're actually saving. almost half of millenials are saving. i think there rn this around.
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melissa: you're always hopeful. i love that about you. students at overland college are asking schools to abolish traditional midterms and any grades below a c to focus their energy elsewhere. alexandra and james, what is the deal with this? if c is lowest grade, like an f. do they get that, it is not a c in the middle. it is the bottom. >> i think this babying on our campuses has been previous lent last couple years where to the point president obama himself called it out in rutgers commencement address, he chastised students that declared dr. condoleeza rice was not fit to speak at their graduation and do things like read huckleberry finn in classrooms someone running out screaming or crying. the president recognizes this is problem on our campuses. campuses are becoming too sensitive. what i will say, not to pass the buck like typical millenial, at certain point it is up to the
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millenial who is acting like a snowflake to get it together and get prepared for the real world. melissa: right. >> they come from parents this is the parents that said everyone need ad trophy. melissa: there you go. so parents fault. one of these quotes was so great, we're paying for a service here, said one of the students. we're paying for our attendance. we need to get what we need in a way we actually consume it. what the hell is this person talking about? >> is what i would being asking if i were parent. talking about a not paying for owe very land, not paying gender studies or film studies. >> those are fun classes. you had me and lost me. thanks, guys. david? david: we have interesting breaking political news, house speaker paul ryan will speak with donald trump over the phone tonight. according to a spokesman for speaker ryan. no word yet exactly what the two will be discussing but a lot of speculation as to whether it
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deals with an endorsement from the speaker for trump. now ryan had said earlier today he is still not ready to give trump his endorsement but clearly they will be talking about it tonight. coming up more hurt for our heroes. how the va ended up wrongly declaring 4,000 veterans as deceased. because of that, they lost their benefits. next lieutenant colonel oliver north sounding off on scandal that keeps getting wider and wider at the va. >> what really counts is how does the veteran feel about their encounter with the va. when you go to disney, do they mesh surety number of hours you wait in line?
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david: even more trouble if that was possible at the va. the department of veterans affairs wrongly declaring 4,000 living veterans dead over the past five years. of course that terminated their benefits. here is lieutenant colonel oliver north, fox news military analyst, host of "war stories" which we are proud to have on fox business from time to time. colonel north, first of all, the big picture. the importance of veterans affairs in the lives of veterans is huge. only time i've seen marines tear up talking about going to veterans hospitals to see their fellows who have been injured. >> one of the things marine corps did, marine corps holding guys, done it consistently throughout this 15-year long war, hold them in military hospital until they're as good as they ever going to get because they know what happens when they push them out into the va. look, here is my i.d. card. david: okay. >> i'm qualified to go to the va i got a 50% disability from wounds. the bureaucracy in the va, 312,000 employees has so few real veterans in it, that it
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doesn't really matter who the secretary of va is. david: you know yesterday the message was all about robert mcdonald. he is a went to west points five years in the army. the people right beneath him that make work or not work who don't have that connection. >> who never had to be a patient in a va hospital. look it, what the va desperately needs, the va needs to have veterans replace the bureaucrats as they leave. now you can't hang up a sign. eeo people get you wrapped around axel, hang up a sign only veterans apply but you can say veterans have a preference in the bureaucracy. david: that is wonderful idea. who would care more about getting the job done than a veteran? >> exactly. second thing, instead of what they tried to do, and it failed miserably, you have to wait a certain length of time you go to civilian doctor somewhere. what they ought to do right now issue everybody a red white blue va card, 50% disabledded or more
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get a red card. if it is 25, you get a white card, less than 25 you get a blue card. now you go whenever you need medical treatment to any doctor in america, any hospital. david: sort of a voucher system? >> yes. david: to your first point, have you talked to anybody at va? is this an idea being discussed? seems so logical. put veterans to work. great thing in and of itself, get veterans in positions where they care about the job getting done. >> david, you're the father of a veteran, okay? i'm a veteran. i know lots of veterans who wouldn't go near a va hospital if they had any other option. reality of the treatment in most of those hospitals is not what needs to be. i was just out in phoenix a few weeks ago for a marsac operation, ma reasons second command. marines going through the ward and through their unit, talking to them eyeball to eyeball for month. even if you have good
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physicians, if the bureaucracy is not functioning and it is not you have to change it. david: it is not functioning. seems all medical care of united states because of intrusion of the government, troubled and tripled because of obamacare is suffering as a result. maybe va is suffering from it? >> it is important part. veterans, families, family members, survivors which are entitled to some type of veterans care are not getting what they deserve. only part of the va that actually works is the burial system. you go out to veterans cemetery that actually works. david: let's hope that your idea, at least the first idea, gets listened to, whatever we can do to push that idea let us know. >> hopefully the new commander-in-chief will make it happen. david: colonel, thank you very much. a special "war stories" with oliver north, this monday, of course that is memorial day, 11:00 a.m., fox business.
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you have don't want to miss it. melissa: what it would look like if hillary clinton was president. there is board game to help you answer the question. >> it is great on paper. it works in theory. it's socialism. with usaa is awesome. homeowners insurance life insurance automobile insurance i spent 20 years active duty they still refer to me as "gunnery sergeant" when i call being a usaa member because of my service in the military to pass that on to my kids something that makes me happy my name is roger zapata and i'm a usaa member for life. usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life. poallergies?reather. stuffy nose? can't sleep?
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melissa: what would america look like under socialism? well, there is a board game out. david: the company created a parody version of the capitalist primer, monopoly. the name of the game is socialism. the objective the game is different than the classics board game. >> no one wins but no one loses. in less than an hour, game over and everyone has 300 bucks. david: i love this. [laughter]. melissa: 300 bucks buys you nothing because everyone has the same amount. david: they say the only real monopoly is socialism. they're right, really. this is real monopoly.
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melissa: that is funny. they're selling the game. they're capitalists. raising money on kickstarter. david: kickstarter, may be difficult to get it. if it takes off. melissa: hysterical. i love it. david: that does it for us. "risk & reward" starts right now. >> senior state department officials noted in the report said they wouldn't have approved her exclusive reliance on a personal email to conduct official business. you know, i'm not going to challenge that assertion. while people were aware of her use of personal email, no one had a full and complete understanding to the extent. we could have done a better job at preserving emails and records of the secretary's senior staff going back frankly several administrations. deirdre: a clear knock to hillary clinton. a state department inspector general report shows that the
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