tv After the Bell FOX Business August 8, 2016 4:00pm-5:01pm EDT
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lifetime high on s&p. we haven't even mentioned china. [closing bell rings] exports and imports falling that could fall on our markets at some point. welcome, to connell and melissa. >> thank you, liz. stocks ending the day slightly negative. i'm connell mcshane in for david asman. melissa: i'm melissa francis this is "after the bell." got you covered on big market movers. here is what else we have at this hour. donald trump pitching what he called the biggest tax reform since ronald reagan. trump outlining his plan to cut taxes and freeze new regulations. we're going to break it all down with one of trump's economic advisors and our panel will weigh in. meanwhile hillary clinton is holding a rally in florida this hour a critical state where the candidates are polling neck-and-neck. we'll show you how she is responding to trump's economic plan in his latest attack. flyers around the world facing long delays and hundreds of cancellations.
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what a nightmare as delta scrambles to recover from this morning a es massive computer outage. >> the dow sliding back into the red, driven lower by merck, pfizer and mcdonald's. we have phil flynn, price futures, fox business contributor in chicago watching a big jump in oil at the cme. before we talk to phil, lori rothman at the new york stock exchange. what drove us lower, lori? reporter: what you guys said. nasdaq and posted lifetime highs on friday. a little bit of a breather. dow down 14 points today. nothing to get that concerned b we have a lot of earnings report through the week. everyone setting up in advance of that. let's talk about delta, boy, if you had travel plans on delta air lines, you face ad huge hassle. huge outage in the reservation system forced cancellation of hundreds of flights. delta slowly getting back up and
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running. sorry to say it might have have knockdown effect on some other major airlines. southwest down 1%. hawaiian holdings off 1 and 3/4 of 1%. merger monday. a south african mattress company buying mattress firm. $3.8 billion deal including debt. basically shares of mattress firm got the boost in the shares. back to you, connell. >> lori, we'll be back with you when the earnings news hits the tape. phil flynn with oil surging back above $43 a barrel, phil. what was behind that. >> talk about a freeze. will they freeze, won't they freeze and a lot of talk over the weekend. there will be a meeting next month at international energy age sy, opec will have informal
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meeting on the sidelines. opec rarely does this this got a lot of people by surprise. russian oil minister is open to listening about a production freeze but doesn't really need one. in doha they had a deal until saudi arabia and iraq or iran started to fight at the last minute. we'll see if they put the barrel back in the bottle it. back to you. >> phil, thanks. melissa. melissa: major of averages ending the day in the red despite a surge in the energy sector. let's bring in our panel. jonathan hoenig, capitalist figure hedge fund and fox news contributor and james frischling. give me your thoughts on this market here. >> it's a bull market, melissa. one sparrow doesn't make a spring. i don't think we're down changes the market. over 230 new highs. a smatter of maybe 20 new lows.
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of course you can always get a correction, always can move down and always looking for new leadership but i think bull market is intact. melissa: james, do you agree with that? >> i think jonathan is a little euphoric this is a grind. melissa: he is a happy guy. >> i don't want to take the wind out of his sail. i thought today was decent day in the market. what i mean by that, jobs report was strong on friday. dow up 200 points. today would be easy day to give back some of that we gave up a little bit but with oil gaining strength shows resiliency. jonathan is not wrong. i'm with you. i think we grind higher. not call it a screaming bull. more of a slow grind but we're heading upwards. melissa: is it more of a stock-pickers market, jonathan because you're seeing stocks outpace the average? >> i think that is exactly right, melissa.
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new ideas are working. real estate is doing well. i don't think you can buy averages doing too well in the market. pick your points and invest responsibly. that is the best advice right now. melissa: yeah, although, james, a lot of people get poor doing that, thinking they know better than the average and getting in there and picking their own thing and getting crushed. >> i agree with you, melissa and what i would say the consumer has a lot of weight on its shoulders and kept this economy going without the enthusiasm by the consumer we would be in far worse shape. retail sales coming out later this friday. i think people are looking at that for the consumer sector. not saying pick stocks but consumer is keeping this market going. connell: speaking of consumer and retail, another story that worked its way in that is actually quite interesting is walmart announcing this acquisition of a web retailer, a company called jet.com. it's a pretty big deal, $3.3 billion, which is the
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largest ever, they tell us, of a u.s. e-commerce startup. so from the point of view, jonathan, of walmart strikes about everybody looks at this they're living in a world which amazon also lives, i guess this is a way of competing or what do you make of it? >> or die, connell. that is just it. even a company like walmart a major dominant retailer in this country doesn't have a monopoly. they have to adapt, to not only to thrive but simply survive. this is great idea for walmart. they need to strengthen their presence online to fight amazon. i think the stock tells the story this is stock not too far off from the 52-week high. i think you buy it here and watch for good results from the acquisition. connell: what do you think of walmart, jim? this move and the stock in general? >> we actually talked about jet.com not too long ago on your show, on the show, talking about the fighting in the e-commerce world. i said watch out for little jet. because they were going after amazon. while they didn't get what they wanted, three plus billion is
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highest amount ever paid for e-commerce startup, and walmart get as direct competitor to amazon. jet may have not taken on the 800-pound gorilla in amazon, they found one of the biggest brick and mortar shops to do it for them. connell: tell me what you like about it, then we'll go back to jonathan? what do you like about jet in particular? they will operate the website and walmart.com, jet.com independently after the deal goes through. what do you think about it? >> this is wicked smart company. the mark -- connell: let me interrupt. we have breaking news. it is earnings news. our sister company news corp is just out its with fourth quarter results. let's find out about those numbers. liz mack knack in the newsroom. what do we see, liz? reporter: miss on the eps line. 10/10 a share. they were looking for 13 cents a share. basically the street was looking for 2.06 billion. it should be noted that the company did declare a 10-cent semiannual dividend payout to shareholders.
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it is also saying that its digital services, where getting a lot of revenue, digital real estate services about 229 million there. also looking at $19.42 billion, news and information division. we'll keep digging into numbers and give you headlines as it develops. we're watching story as it moves forward. back to you. connell: emac, thanks. the bottom line there, the earnings are not what analyst were expecting them to be but sales at news corp a little better than expected according to liz macdonald as those numbers come across. melissa. melissa: donald trump delivering his plan for the economy earlier today, including his plan for corporate tax reform. listen. >> under my plan no american company will pay more than 15% of their business income in taxes. [applause] in other words, we're reducing
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new tax from 35% to 15%. [applause] melissa: all right. jonathan and james are back with us. jonathan, i mean this is a tough needle to thread because he is talking about reducing corporate rates to 15%. they were sitting at 35. lou dobbs and others make the argument corporations only pay 17% effective tax rate because of loopholes and deductions they get. gives other side fodder you're cutting taxes for corporations, but you know, economists know this is what creates jobs. so did he say it right? is it the right plan? >> you know, it is not, in my opinion, such a difficult need tell to thread. cutting taxes and also cutting spending. donald trump didn't talk about that at all. he did as you point out some examples of cutting corporate income tax but in the same breath, melissa, he talked about his influence in trade and basically control over trade especially companies that want to do business overseas.
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cutting taxes is a great sound bite but when you start to control basically trade it is not even regulation. it is really nationalization. that is what should worry the business community about trump. melissa: james, you mentioned everything overseas and you talked about the individual tax plan. he kind of quietly raised the top rate. he had said before the top personal rate would be 25. he slipped in now simplifying the top rate would be 33. hillary clinton in last hour made a speech donald trump wants to, you know, he doesn't care about rich people paying their fair share. that is obviously not exactly how she phrased it. >> trump said the same thing too. melissa: i guess that is a good catch line. james, how do you sort through those different messages? >> i think mr. trump is doing what he can with the headlines but, there is, we're lacking in substance underneath it. to a certain extent, i think after his first tags plan announcement, number of economists who talked about what it would do to the deficit, now you have seen reaction by
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mr. trump, in that case i will raise highest end. it's a balance sheet. taxes are revenues and assets for the government and liabilities are you will at expenses that we have. this is what we have, this is the i guess a blotter. if you want to cut taxes makes a great headline and sound bite. unless you attack the expenditures, or the expenses of this country it doesn't add up. great headline. not a lot underneath it. i expect more continuing changes as we flesh this out. melissa: got to go. >> sorry. melissa: no, perfect. connell: we have to go to breaking news with earnings front where liz macdonald is up in the newsroom, crunching numbers about news corp. what have you found? reporter: across all news corp units they beat sales estimates, we're talking the news and information, book publishing unit, book and real estate division and cable and news division. across the board news corp did bite on the revenue estimate line but they, there is a miss on the eps line. now it should be noted that four
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of the last eight quarters news corp has beat on the top line and about four of the last quarters it has missed on the eps line. so we're going to watch for what robert thompson, the head of the company is going to say about the softening ad environment. looks like they're doing nicely in this quarter. remember in the third quarter they were down about 10%. also foreign currency headwinds as well. maybe we'll get information about whether "brexit" will have anything to do with the ad sales. back to you, guys. connell: changing environment in the industry. we'll watch for that call. thank you, liz. melissa: you see this story? you can't pump your own gas in new jersey. the state is considering another ban that may leave drivers behind the wheel on edge. the new extreme lawmakers take in the name of highway safety. connell: tough for some of us morning people. melissa: that's true. connell: scientists meantime executed over in iran, convicted of spying for the united states. coming up why some republicans are blaming hillary clinton for all of this.
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melissa: and from friesing new regulation to a child care tax deduction, we've got more details in trump's economic plan. senior trade visor dan d'amico tells us why his candidate is the next coming up. >> i want to do for the country. i want to jump-start america. it can be done. it won't inbe that hard. -- even be that hard. but i only had a salad. it was a buffalo chicken salad. salad. poallergies?reather. stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right.
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liberty stands with you™. liberty mutual insurance. melissa: donald trump making pitch for economy. the republican nominee outlining his plan to get america back on track. he is calling new tax breaks for cuts in regulation. blake burman live in detroit on this one. blake? >> melissa, donald trump earlier today broke down his economic
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speech into four different categories, taxes, trade and energy and regulations. but the headline really being drawn out of this is the on the taxes side, as he released a reworked tax plan, at least from what he put out during the primary process. and that change comes on individual side. here are new numbers trump released earlier this afternoon at detroit economic club, on individual side, brackets for his proposal, 12, 25 and 33%, with many he said still paying no income tax at all. but the number to look at there is 33, the top rate. that is eight points higher than what he put out during the primary. earlier today, to the detroit economic club. he was able to justify that raise, this way. listen. >> rich will pay their fair share, but no one will pay so much that it destroys jobs or undermines our ability as a nation to compete.
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reporter: on corporate side of things trump received a standing ovation from the 1,000 plus, when he said business tax rate under his plan would be 15%, for any company, large, small, in between. he also said there would be a 10% repatriation feel for all the trillions of dollars currently parked overseas to be brought back here stateside. through it all trump spoke for 50 minutes in downtown detroit. there were 14 different times where he was interrupted by protesters here. melissa, republicans as we know begging to stay on message, and he was interrupted, times passed he acknowledged, some would say even taunt the protesters, this time around he squarely looked back into the teleprompter and kept delivering his speech. very disciplined, all right, thank you so much. donald trump made his pitch for economy, republican nominee outlining his plan to get america back on track.
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he is calling for new tax breaks to cut regulations. we just did this. connell: we have more. melissa: thank goodness, i am here with dan d'amico. senior trade visor for the trump campaign. dan, very nice to have a chance to talk to you, particularly when your specialty is trade, as blake reported from detroit, many of mr. trump's ideas in detroit like corporate taxes were very well-received in business community. one area he is out of step with some people in the republican party is some trade policy. how does he recognize those two things, that some republicans are not supportive where republicans don't support on trade. talked a lot about today, particularly toward the end of his speech? >> yes. it is not surprising that many of the, trump, republicans who have been in office for some time, have been active free
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traders in an environment where free trade has been destroyed by trade mercantilism, particularly countries from china. the whole issue of trade here, his speech today, was one that really put forward a vision, for, us becoming a more globally competitive country, when it comes to doing business with the world. and the four areas he highlighted, all of them have equal importance. and, taxes, trade, regulation, and with respect to, with respect to the energy. on trade, you know, we've been in a trade war with china for 20 years, except it has been undeclared trade war where china has declared war on us and we have not respondedded. during that period of time, gdp suffered 2% less than it would have been. we have not had formation of 20 million jobs that would have happened, and the massive trade
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cheating has to stop, and mr. trump talked about today, i myself are free traders but free trade only works if people play by the rules. connell: he is talking about this for years, this one thing, going back japan in the '80s, when he publicly spoke about economics, a lot of time he moved the conversation to trade, i felt like he did get even more enthusiastic in his delivery of the speech today, when he was talking about trade. do you know from advising him as our own charlie gasparino reported last year, that he was personally even maybe changed the speech to have heavier emphasis on trade than was originally planned? >> no. i can't tell you that he changed it. i think this was part of the plan all along. i have been inputting into the speech writing on this. connell: right. >> along with my copatriot peter navarro. i know personally that he has been an avid trade guy for a long time, being concerned about us losing out in a trade deals
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going back to the first interview he did with oprah winfrey. the reason i first touched base with him had to do with two bock books that i wrote. recently came out march of 15, american made, return to greatness, basically a book on trade. we talked over past 15 years, on trade issues. it would be very active on this issue, not only united states but globally. connell: right. >> and so that is where we came together. and i can tell you, this is something he is passionate about. it is not johnny-come-lately this type of thing. connell: he said, certainly whatever you want to say about his positions on all other kinds of issues, this is something he talked about for years and years. dan, thank you for the time. we appreciate your input. >> he is right on trade. remember that. he is right on trade. melissa: hillary clinton criticizing donald trump's economic plans moments ago. >> he has got, i don't know, dozen or so economic advisors he
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just named, hedge fund guys, billionaire twice. six guys named steve. [laughter]. so they wrote him a speech and he delivered it in detroit. now, they tried to make his old, tired ideas sound new but here's what we all know. because we heard it again. his tax plan will give super, big, tax breaks, to large corporations and the really wealthy. just like him and guys who wrote the speech, right? [booing] melissa: actually totally incorrect. he is raising the rate, he raised top rate from 25 to 33 on the wealthiest and getting rid of carried interest. connell: which blake just talked about, right? higher rate than originally proposed. >> everybody says whatever they want. you guys know that. you know that! that's what politicians do. there you go. connell: more on that. a little bit of fun to talk about food because taking aim at chipolte today, there is new
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competition for you chipolte folks. just put it this way. it is not your average burrito. we'll talk about it. flights were grounded. just a disaster today. six hours for people in line. thousands of delta travelers stranded. >> i tried to call delta and they told me that i would have a three-hour hold. there was recording say i couldn't talk to agent and status, i could call back or wait for three hours. you can run an errand. (music playing) ♪ push it real good... (announcer vo) or you can take a joyride. bye bye, errands, we sing out loud here. siriusxm. road happy. ♪ gaviscon is a proven heartburn remedy
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or you can crack up. (man on radio) but if it isn't refreshing... (announcer vo) sorry traffic, we laugh 'til it hurts. siriusxm. road happy. >> travel nightmares at airport. thousands of delta passengers stranded around the world after a major power outage at the atlanta hub caused big problems. jonathan serrie is live in atlanta with the latest on that one. reporter: here at hartsfield international airport in atlanta delta brought in personnel to open kiosks to deal what ask
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earlier today, very large crowds. they have the lines down to manageable levels, pretty much what you would normally expect on a typical monday. however there are still delays and even cancellations. so far the delta has had to cancel moore than 450 flights. that number going up in the evening. warning passengers to expect additional cancellations and delays. by and large passengers are take this in stride, being very patient, but some are expressing concern as what is being described as equipment failure or power outage at one data center to temporarily paralyze an entire airline. listen. >> it's a bit concerning, sort of lets us know we're really dependent on technology. once it crashes, once it goes down, we sort of scramble to find a way forward. reporter: this afternoon's delta delta's ceo posted a video online apologizes to passengers
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experiencing cancellations or delayses. assuring passengers that delta has all hands on deck to restore the system to normal as soon as possible. they are offering waivers to request full refund for canceled or significantly delayed flights or offering them the ability to change their flights over the next four days, without penalty. back to you. melissa: hmmm. but if the computer broken how are they making a video and posting it? never mind. connell: too many questions. from one source of travel frustration potentially to another, new jersey lawmakers are looking now to crack down on distracted driving and they're taking it some might say to the extreme. there is a bill in new jersey under consideration that would ban anyone behind the wheel partaking any activity not related to driving the car. no drinking coffee while you're driving. none of that. no eating breakfast burritos. can't brush hair, do makeup, floss your teeth whatever you do while driving you can't do anymore.
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i'm fine with most of those things but i think i can manage to have a sip of coffee and drive the car. melissa: some cases more dangerous to drive without caffeine. i have seen people applying makeup. that is no good. you do need your eyes for that. connell: i have never done that. melissa: no? you seem like the kind of guy. whatever. great divide in the republican party. why a former cia operative wants to throw his hat in the presidential race. connell: donald trump branding hillary clinton as a candidate of the past. we have our panel lined up with trump economic plans and analysis next. >> hillary clinton short-circuited again to use a now famous term, when she accidentally told the truth and said that she wanted to raise taxes on the middle class.
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connell: news breaking in the state of florida. hillary clinton responding now to donald trump's economic speech made earlier today. moments ago she was out there touting her economic plan and highlighting some issues she has with her opponents. >> he can't escape the math. you know math can be kind of inconvenient if it doesn't add up the way you want it to. and, and economists left, right, in the middle, all say the same thing. that trump's policies would throw us into a recession. the last thing we need. connell: all right. before those comments secraret
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clinton toured local three daughters brewery, and praised businesses as she has been doing in recent days using products made here in america? melissa? melissa: donald trump slamming hillary clinton earlier today, during his economic speech, liking former secretary of state to president obama's failed policies. >> the days ahead, we will provide more details on this plan and how it will help you, and most importantly, your family. it will present a night and day contrast, to the job-killing tax raising, poverty inducing obama clinton agenda. melissa: clinton plans to fire back with her own economic speech later this week. we heard a touch of it little earlier today. fred barnes, executive editor. fox news contributor. we have lisa booth of high noon strategies, steve mack man, former howard dean campaign consultant. thanks to all of you for joining
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us. fred barnes, basic problem, we have seen the economic divide between rich and poor get bigger. according to government statistics. that is not left or right. that is the fact. reason why we're talking about minimum wage so much, because there are some people working in that position. what do you do to bring back those good middle class jobs? did you hear it from either candidate today? >> well, i certainly heard it from donald trump. and i think you're wrong. i would reject one premise you had, that the worst problem in america economically is income inequality. the worst problem is economic growth and lack of jobs. and we have, you know, we've had millions of people, actually drop out of the job market. melissa: no, i didn't say it was the worst problem. i said it has gotten worse. >> okay. i take that back. it has gotten worse. but anyway, how do you create better, more and better job, middle class jobs in the first place? you have economic growth.
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not at 1.2% as we have had for the first half of this year, but at 3 or 4% under bill clinton, under democrats like clinton. under republicans like ronald reagan. and, how do you get that kind of growth? well you incentivize it. you don't do it by raising taxes. that disincentivizes it. you do it, by incentivizing private investment, job creation, and so on. look, that works, that worked in the past. it worked in the 60's for john f. kennedy. it worked in the '80s for ronald reagan. it worked in the '90s, to some extent for bill clinton. he did other things but cut some taxes and hillary is, calling for exactly the opposite of that. melissa: lisa problem is the other side of the ledger. he talked a lot about trying to curb regulation and to trying to cut corporate taxes but we also have to limit the size of government. i don't know if he doesn't plan to do that or if not the right time to talk about.
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it is not necessarily palatable to everybody. what do you think about what he said in that part of the equation? >> he talked about a moratorium on regulations which i think is really important. i think the speech today was political win for donald trump. i think it was pitch perfect. having it in a city of detroit, which is embodiment of democratic failed policies, a city essentially been forgotten, in a city that he is talking about rebuilding, just like he will try to rebuild the rest of america with the policies that he laid out today? reality is, that hillary clinton president barack obama policies are abject failure. the president's economic growth is the worst we've seen since the great depression. more americans are hurting than are being helped by policies. look at things like the stimulus and something she is promoting. $835 billion wasted. we're talking about $4.1 million per job. that is not a good investment for the american people. melissa: steve, when she has been pressed what specifically she would do to help the
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economy, she quoted exactly what president obama said. she said that she would want government spending on shovel-ready jobs, on infrastructure. and that she would promote green jobs. that is exactly what president obama said and you know, what we've seen is, we have 7 million more people in poverty today than we did when the president took office. >> well, i mean, i don't know what country everybody here is living in. melissa: the united states. >> there is 4.9% unemployment rate in america. there has been 72 consecutive months of private sector job growth. melissa: you're saying this is good. that we're doing good? more the same is good? >> the stock market, look at economy. if you look what economic projections for future, most economists will tell you the american economy is strong and getting stronger. it is not cat chrisic recession waiting to happen. melissa: but rich is getting richer. that is good for the rich. >> by the way i don't hear very many rich people complaining about it. >> because they have gotten richer under president obama.
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president obama will be only president -- melissa: i love it if that is the argument that rich people are getting richer, that is great. i do think that what is hillary clinton would bring along and rich people would get richer and poor people would get poorer, what we've seen here. >> hillary clinton says tax rates for very wealthy are going up. what donald trump is suggesting that the tax rates for very wealthy will go down. melissa: that is not what he said. >> went from -- carried interest tax. >> 39 to 33%. melissa: got rid of carried interest. >> 39 to 33% tax rate for wealthy is going down. no estate tax for people like donald trump. let's assume he is telling truth, he is worth 10 billion. that is five billion dollars tax cut. melissa: don't move. we have move to the next topic. connell: trump out there pushing for more gop support trying to unite the party. we still do have republicans watching all of that, looking for an alternative after tough week last week.
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in fact just today, this guy named evan mcmillen, a former cia operative, literally nobody heard of until this morning, worked in republican politics in d.c. he announced he is making a independent run for president. so i go back to fred on this one first? will give him credit for one thing, wish i had thought of earlier, announcing a run for president is good way to pick up twitter followers. he went from 100 to 22,000. will he have any impact on the race, fred? >> i think he will get pretty well-known. i haven't heard of him but we're talking about him. here is what will happen, will help him. he will have no impact on outcome of election and probably not have any money. but get a lot of attention from the mainstream media. one reason why he will, practically everybody in the mainstream media hates donald trump. so they will give this guy a lot of attention. connell: you agree with that one
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state i heard, being practical that state he could have impact on where hillary clinton polled better than many people would expect a democrat to poll. he went to byu. maybe he pull as few points in utah. what do you think? >> potential but don't see moving a lost numbers. look at some one like ross perot got ballot access, wasn't able to get electoral votes and had a lot of money. he will not get on the ballot in 50 states. they have passed. will be very difficult for him with virtually no name i.d. to raise kind of money he will need to make to be a serious player. i don't see him influencing election. connell: influence, steve, would be the word, rather than win the election. most people are looking at it, from the democratic side, do you look at this guy potential spoiler, somebody who puts hillary clinton over the top in a state she might not ordinarily win, taking votes away from trump even just a few? >> i don't think so. mitt romney or someone like that
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could have been potential spoiler. he will not be in the debates. probably not in the conversation beyond this show today or tomorrow. he will not be a factor. fred's right. connell: fred, lisa, steve, thanks to all three of you. good panel. >> you're welcome. melissa: iran confirming a nuclear scientist was executed bringing hillary clinton's email controversy back into the spotlight. >> but, in the emails on hillary clinton's private server, there were conversations among senior advisors about this gentleman. that goes to show how reckless and careless her decision was to put that kind of highly classified information on a private server. gary, gary, gary... i am proud of you, my man. making simple, smart cash back choices... with quicksilver from capital one. you're earning unlimited 1.5% cash back on every purchase, everywhere. like on that new laptop. quicksilver keeps things simple, gary. and smart, like you! and i like that.
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islamic regime executed shaw rama rememberry, that he -- shaw rahm amiri, because he gave -- he disappeared during a pilgrimage to mechanic cat. he posted internet videos he claimed alternately to be abducted by cia, taken to tucson and tortured and he was free and safe. here is what secretary of state clinton said about him at the time. >> mr. amiri has been in the united states of his own free will and he is free to go. he is free to go. he was free to come. these decisions are his alone to make. reporter: a mere remade it to, amiri made it to pakistani embassy and. even announcing his execution yesterday, they boasted that the u.s. intelligence community had been duped by iran's. >> translator: americans assumed for a while that iran was not
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aware of this person's actions, or what he was linked to, or how he was taken to saudi arabia and taken away from there. they imagined that our intelligence was unaware of all of that. reporter: in july 2010 when amiri's return to iran was being finalized a top energy advisor of secretary clinton's, former ambassador richard "morningstar," wrote to the deputy chief of staff, jake sullivan referring to he was a friend of to the night and how to massage the issue for public consumption. we have diplomatic, psychological issue, not a legal issue. our friend has to be given a way out. we should recognize his concerns and frame it in terms of a misunderstanding with no malevolent intent and we make sure there is no recurrence, unquote. that email was forwarded to the secretary of state whose private server was so inadequately secure that fbi concluded hostile actors may have gained access to it. the clinton campaign saying it is remarkable that anyone would
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link her to this, quote, tragic death. melissa: wow, quite a story. james, thank you for that report. connell: well we have this worldwide computer failure we talked about with delta, just chaos today with passengers, power glitch, we'll have more on it coming up. it broke down the entire system. ♪ ♪ gaviscon is a proven heartburn remedy
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connell: so disney making news today by unveiling this plan to make their parks and resorts safer. the resort is now building a stonewall along the beaches of the seven seas lagoon in orlando to protect their guests from alligators. this after the death of that little two-year-old boy killed by a gator at the grand floridian in june. workers began construction of the barriers within weeks of the tragedy. they're saying that the project should be complete by october.
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melissa: another travel headache for flyers. thousands of delta air lines passengers stranded with nowhere to go after more than 450 flights were canceled and thousands more delayed, all because of a power outage. here is gary from the wink.com writer. i feel like we're still missing a lot of details in this story. what do you think really happened? >> well, melissa, we're not going to get all the details right away, and certainly delta is appropriately focused getting their operation back up to speed for all their passengers. we do know it was delta issue, while they initially blame ad power outage, it was localized to delta. georgia power put out a statement that delta systems was having an issue. it wasn't something external to the airline. but these are very complicated systems we're dealing with. melissa: i mean which makes me think they would have many, many backups. i mean the same way so many buildings have backups if the
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power goes down instantly, they have a backup system. this also happened to southwest airlines of course as well. they canceled about 1000 flights it was after a system outage three weeks ago. so this isn't the first time this has happened. is that similar to you, and you know, it is kind of a wig deal. you would think they would have more backups? >> they do have backups and all major airlines do. in fact last july it happened to united and last september to american. delta was in some sense living on borrowed time with all the complicated systems they're dealing with. when the system goes down, there is tremendous number of systems that have to talk to each other in order to get passengers checked into on planes and planes have the flight plans and no how much fuel to carry. they have to make sure everything is 100% right. when they bring things back they have to do a tremendous amount of testing to make sure everything is proceeding safely. melissa: gary, you mentioned a lot of scary things there.
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they have systems to make sure there is enough fuel on planes. we heard stories where they were handwriting boarding passes on to get it moving. pulling out dot mate drinks printers to try to -- matrix printers, immediately our mind is going to the thought what is going on here? is there still safety involved? are they been allowing people on planes that shouldn't be? is there a chance these systems were hacked? these are the kind of questions that nervous travelers have in that day and age. what about those issues? >> well, we can't really speak to any issues of hacking at this point, but we can certainly say the aviation operation proceeded incredibly safely. that is part of why you do get the delay because you make sure everything is happening the way it is supposed to and there wasn't any issue with the aviation security system. they weren't checking anyone in for flights that hadn't been through the proper vetting and background of the reservation civil. everyone that was on the planes had a reservation.
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all the planes had proper flight plans before they took off and had done the fuel calculations. it took several more hours than otherwise to make sure everything is as safe as possible. melissa: we'll talk about the hacking later. i'm interested. gary, appreciate your time. a lot of good knowledge there. connell: our story of the day we have to get to. melissa: very important, very important. connell: we have this creation that you will never have to choose between a burger and burrito again. melissa: hmmm.
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$2.99 by itself. $4.99 as part of the combo deal. melissa: how could you look at that picture and not be excited about it. reporter: it's un-american, i know. reporter: obama tax bracket shattered. cutting corporate taxes in half and estate taxes dead. donald trump prop ising to lower taxes calling it the biggest tax reform since reagan. the billionaire is shouting for american businesses to come back home. reporter: donald trump spoke to
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