tv After the Bell FOX Business August 9, 2016 4:00pm-5:01pm EDT
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good to have you back. >> thank you, glad to be back. i'm david asman this is donald trump and hillary clinton neck-and-neck in two key swing states. of the a new poll you haven't seen yet. hillary clinton slapped with a lawsuit from parents of two the benghazi victims. judge andrew napolitano will join us to break down the case. what it means for her campaign. fish versus football. will disney's box office hits be strong enough to combat espn's declining subscribers? we've got disney's third quarter results out any moment. melissa: let's hit the markets. the dow barely positive for the day. disney a big dow winner ahead of earnings this hour. phil flynn, price futures group is a fox business contributor. he is watching all the action in oil at the cme. lori rothman on floor of
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new york stock exchange. lori you're watching shares of valeant, seeing a biggest intraday jump more than a decade. tell me about the story. reporter: valeant pharmaceuticals sticking by its financial outlook. that was huge relief for the investors. it has had a rocky last year. gaining nearly six bucks a share. we have other stocks with interesting stories today, norwegian cruise lines, shares down about 11, almost 12% on the session, cutting its financial guidance because of weakening u.s. demand. norwegian cruise lines fewer americans are booking trips to europe. you can figure out why. concern for terrorism overseas and around the world for that matter. shares of gap, down today as well. comparable store sales down more than expected, 4% in july, and the gap is blaming banana republic stores, throwing banana
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republic under the bus for the disappointing report. shares as a result down 6.25%. back over to you. david: lori, thank you very much. phil, i have to talk about oil, it was winning along with the market the first half of the day but it turned around. why? >> it turned down because the u.s. shale producers are hanging in better than we had anticipated. the energy information agency came out with the short-term energy outlook and said u.s. shale producers and u.s. oil production will be 100,000 barrels a day better than they thought it was going to be a month ago and also said next year it will be 100,000 barrels better than they thought they were a month ago. we'll produce 8.7 million barrels of oil a day. that gave oil a bit of a selloff in directionless market where we're waiting for news to drive this market but the good news of course when it comes to that, means that the pub is seeing lower gas prices.
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david: natural gas a big mover. what happened there. >> we've gotten through the peak when it comes to natural gas. prices are down sharply. we saw historic drop in inventory first time in history. we look for it to improve in a little bit. next year, it will be interesting. supplies may end at a record but demand for natural gas will be at record high. very interesting to see how it will play out. weather will be a key. but weather we keep production strong enough to meet what could be record demand this winter. david: phil flynn. great to see you. melissa. >> thank you. melissa: new highs for technology, amazon and alphabet hitting lifetime highs, and shares of microsoft at 16 1/2-year high, the gains propelling the nasdaq to record close. let's bring in today's panel. scott martin, kingsview, a fox news contributor. jack hough from "barron's." i don't want to pick out the bad
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from all the good news but masking what is happening with apple. they are not keeping up with all the tech stocks we're talking about. >> definitely not. it trades cheaply relative to earnings and cash flows. these dot-com stocks, not only have they done very well, hard for someone to argue they're expensive at these prices. google as big as it is its growth looks to be accelerating right now. if these stocks hit their pry targets on wall street over the course of the next year, s&p 500, we'll have a u.s. stock market with the five biggest companies, we'll push out exxon, push out berkshire hathaway. three of them will be.com and other two will be part.com. they will being.com intores even. melissa: scott what does it tell you? tech is the future or scare you we're piling into one area? does make you feel bubblicious. >> i always feel scared and bubblicious. jack is right, this is.
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investors frankly are not interested in them. look what happened to the facebook over last couple years. it absolutely exploded. you're seeing those areas really take over for the market, which granted, i think it is good because that is what the future economy is all about, not so much about the industrials and some of the cyclicals of days past. melissa: jack what you see stocks like amazon and alphabet at an all-time high, would you feel like would you add to them at this level? you're not in the business of recommending individual stocks but you said you feel like they could go up from here, they're not actually that expensive? >> alphabet i feel is a tremendous performer and reasonably priced even at this price. amazon has lower profit base. we're all expecting those profits to move higher. every time i say amazon is too expensive i quickly get kicked in the behind by the stock. i'm out of business saying amazon is too pricey. melissa: okay. >> cash flows look like to mount quickly in coming years. david: all right, moving from
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tech to retailing stocks, coach is showing signs of a turnaround. the luxury handbag maker reversing sharp declines with sales better than expected growth in the fourth quarter but, coach also releasing full-year guidance saying the stock will, 2% lower on the day. management has been proud what they done with coach. cut costs and improved the brand to make it still high-end but retail stock. seems no matter what you do with retail you are going to lose. >> yeah, you are, david, because the consumer is so good. the consumer has caught up to what a lot of retail names did over the year, hit them hard with high prices and maybe not so great goods. anything retail today is really tough to buy aside from say, what we just talked about, our good ol' darling stock of the day or year which is amazon. david: jack, talking about amazon, online sales department of coach has not been very good.
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they have improved the brand, that's great. they have cut costs, that is also good but their on line sales have not been so hot. i wonder if it is possible with amazon around can you improve on online sales? >> fashion apparel is the next big thing for amazon to go into. we've already seen sporting goods guys get killed, all kinds of retailers get killed. some of amazon's fastest growth is in apparel. those guys should be scared. a company like coach has a lot of outlet stores more so than full-price stores. they trained people to look for discounts. i'm hopeful but not terribly optimistic for the stock. melissa: shares of delta lower. the airline is trying to rebound from a major computer outage. delta canceling 630 more flights today, wow. they announced they will provide travel vouchers worth $200 to all customers experiencing three hours of delays or cancellations over the past two days. scott martin, what does $200 buy
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you in the airline world? give me a break. >> it buys you another chance to miss your flight or get it canceled really, which is a tough thing these airlines are facing. this is pretty stormy summer. a lot of airline delays. been through them myself. they are mounting up. tell you what? i think in fairness some of the airlines, if you look at delta, if you look at jetblue have been unfairly punished the last year or two years. we picked up delta a little lower. i believe going forward with fuel prices down and hit your wallet with everything you do on poured the planes these days, that is good for your profit margins. melissa: jack, it is super annoying, what choice do you have? every time i book something going on a trip, they're filled with capacity. if you don't buy right away the seats are gone. even though the service is terrible, unless you can fly trump air or unless you're the clintons and you have giant planes, like all the rest of us shlubs you have to buy tickets anyway. >> come on, there is choice.
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melissa: really? >> four choices among big air carriers, that is down from dozens going back couple decades. pricing power is there for these guys. this stings for delta because it has reputation for being most reliable and get a lot of business traffic. this not food in the short term. the stock is six times earnings, what do you want? it doesn't have much left to lose. this stock doesn't have respect to begin with. melissa: scott, people talk about the hit to the brand because we're saying delta over and over again. they're getting a lost pub list but it happened to all of them. delta, southwest, they had computer airlines outage, do you think the brand take as hit. >> no i think it might be for couple days. if you're looking to get long in some of these names looking for upside appreciation. jack is right. it is necessary evil. you will get some slowdowns and delays. reality the airlines have monopoly to some degree amongst the four of them. their profits probably will be
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pretty safe. melissa: see you guys later. david: disney posted a big earnings miss last quarter for the first time in years. will captain america come to the rescue this time? we'll bring you disney's results as soon as they come out. melissa: hillary clinton is getting slapped with a lawsuit from the parents of two of the benghazi victims. judge andrew napolitano joins us to break down the case and what it means for her campaign. david: then there is donald trump, no, we haven't forgotten him. responding moments ago to 50 former national security officials that all say he will be a dangerous president. listen to what he says. >> these politicians, they don't know me. they don't understand me. and i am in a group of 50 people. these are real geniuses. these are 50 people that have been running our country forever, and they said, we can't support donald trump. the reason they can't? you know why? because i'm not going to hire these people. i don't want these people. you can run an errand. (music playing) ♪ push it real good...
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of the rio olympic games. melissa: yelp shares up 6% on second-quarter earnings and revenue. the company focusing expanding its platform to drive user growth, contributing to local revenue increase of 41% over second quarter 2015. david: disney, the big kahuna out with second quarter results any moment. here what to expect, jack hough and kim serafin, senior editor of "in touch weekly.." steve, first to you, start with espn.e is a lot of concern, i think that dragged the stock down last quarter. a lot of concern whether people are going to dismiss espn, those folks who are not crazy out for sports will cut it out of their
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system. will it be a drag or net plus? >> this is the big story for the past year. it was one year ago where disney's ceo first warned about some subscriber losses at espn. all of sudden the stock took a huge hit after that. this is continued to be the story quarter after quarter, leading up to this afternoon. this is what we'll be watching closely. the stock, remember, we're in this big bull market right now and the stock is down double digits over the past 12 months. david: by the way, kim, disney is for seeing a time there is chord cutting, people ask for specific channels and pay for those channels, disney is thinking of buying into technology that would allow that to happen. there is something advanced media, they were going to spend 3 1/2 billion. that is still spending, is it not? >> right. obviously the cord cutting is such a big issue. that is why we're talking about espn. when you have older audience aging out, you have a younger audience doing cord cutting --
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david: kim, forgive me but we do have the numbers out. we want to get to them quickly as possible. ashley webster has the numbers. how do they look, ash? reporter: adjusted 1.62. the estimate was 1.61. just about meeting that on the earnings. revenue slightly higher, 14.28 billion on estimates of 14.15 billion. i'm looking at some of the individual divisions of disney. media networks revenue up 5.9 billion, that is right in line with expectations. parks and resort revenue coming in 4.39, which is just a little bit above expectations on the parks and resorts. i'm looking through the film studios as well, they had flops, "alice through the looking glass" being one of them, "captain america," as you said, david, 2.85 billion on the film studio which is better than 2.6 billion the estimates.
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so overall, okay. david: there is a lot to go through. ashley will continue to go through the numbers. meanwhile, melissa, you have the panel. melissa: scott what is your take on the numbers? >> they are good and relief to those who have been long with disney as we have. remember what happened last quarter, melissa, a lot of things ashley talked about, whether it was media and film studios came in slightly below. the fact they're getting past some of those issues, finding dory, i don't know how many times i've been to the theater my kids love it. that will help in q2 and q3. don't forget, sports fans the nfl is coming up. thank goodness. that will help espn come up on media side. i like where disney is here. melissa: kim, let me ask about the films in the pipeline. film beat, helped as scott said by "finding dory." what do they have coming up? >> exactly.
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you had "finding dory," "zootopia" and "the jungle book" and "captain america." disney has lucas films, "star wars" franchise and pixar and marvel. no new avengers films coming up until 2020. we have no "star wars" until 2020. "rogue one" is coming out. there is another episode. and stand alone film about the young han solo. "star wars" has longevity. that will dominate. marvel, a few more avengers films and "star wars," spider-man. even captain marvel coming up in 2019. this continues to dominate the box office with three huge franchises. >> steven, they got a slight beat on the parks. does that surprise you? >> no. i think what will be interesting to say on the call about the parks. this is obviously a big quarter, the summer quarter, q2 just ended.
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what will they say about the big summer season? are they seeing tourist demand they were perhaps expecting ahead of this? a lot of things going on with the economy. a lot of things, we were talking on the desk a few minutes ago, about zika. will it have impact. melissa: great, florida. go back to ashley real quick. he has a little more color. what do you have? reporter: something coming down in the report that disney is taking a 33% stake in a company called bam tech, bam-tech. a leading tech service but also a video streaming company and there is a sense here they will start providing some sort of espn content down the road which speaks to the future perhaps for disney as it tries to get away from all encompassing cable packages which espn is a part of, trying to set it apart as part of its own spun-off service. 33% stake in this company. disney would pay a billion
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dollars in two installments, now and january to acquire majority ownership in coming years of this company, bam tech. that is one outlet for them. one outlet to try to overcome drop-off from cord cutters. melissa: jack what is your response to that? what is your reaction? >> squeezing more money out of espn. everyone is worried about espn. i'm not so worried. you could have one or 2% subscriber loss year by year, but faster increase in fees to offset that. get a little profit growth. if your biggest problem division generation huge cash flow, that is not a problem. one thing i want to see from the q&a as steve says, discussion what is going on this quarter, not recently reported quarter but newly-started quarter in the parks with travel to orlando, zika virus news, this sort of thing because the parks need to make up for slowing growth at espn. melissa: scott, what is your question for the call? >> i would talk more about the streaming thing, guys because i think that is really the key.
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the market frankly, i think stocks little lower especially after the news is revealed. i think market has that wrong. what happened with the market and freakout the stock had last couple quarters this worry they will lose the streaming battle. don't forget, they have the content, they have the ability to push that out. they just needed to figure out how to do that. i would ask more how that is going to work into the company's projections. how that will work into deliverables and consumer. that to me is future of the company and they have stuff to show you. melissa: steve looking at stock price on the screen, i would point out beating expectations haven't been enough lately. the shares have slid seven out of past nine quarters even with a beat. what is that? is that sell the news or something more than that investors don't hear what they want on the call? >> melissa, that's a great question, past five years, disney only missed twice. this company always beats expectations. as you point out there are so
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many times past couple years the stock has fallen even after supposedly good news. always an expectations game. think there is a lot more focus to jack's point about what's happening with espn, what's happening with the parks. not so much whether they beat or miss by a penny or so but some of these bigger issues. melissa: bottom line we want to hear on the call what is going on now. it tells you a lot about the economy and the consumer. a lot of important information we'll bring to you as we get it. thank you, gentleman and kim, as well, lady. david: great discussion. who is better for business, donald trump or hillary clinton? fighting for the top spot, both of them weighing in on their economic plans coming up. families of two benghazi victims are suing hillary clinton. judge an draw napolitano is here to break down details next. >> for all of this loss, for all of this grief, for all of the citizens of the tragedy in benghazi has wrought upon america, i blame hillary
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melissa: shares of disney falling after-hours, beating on eps and revenues. ad revenues from espn fell during the quarter. sports network lost subscribers again. disney shares down about 8% this year. david: holding hillary clinton accountable for benghazi. the parents of two americans who were killed in the 2012 benghazi attack filing a lawsuit against the democratic nominee claiming her quote, reckless handling, does that sound familiar, of classified information played a part in their son's deaths. here now is judge andrew napolitano, fox news senior judicial analyst. so, judge, larry claman, the "judicial watch" founder is filing on their behalf. patricia smith, charles woods, both of their kids were killed in benghazi. >> right. david: he is, larry claman directly linking their son's death to the reckless handling of emails. how?
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>> because one of the e-mails which was found on mrs. clinton's server, and also found on sid blumenthal's server -- david: clinton advisor paid by the clinton foundation. >> because president obama wouldn't let mrs. clinton hire him to work in the state department, was ambassador stevens's itinerary in libya for the last two days of his life. david: wow. >> if that isn't confidential secret or top secret, hard to imagine what is. that is the link that claman makes. unfortunately it will fail under the law because the federal government given mrs. clinton and all government employees, qualified immunity. david: right. >> if you behave as a law authorizes you to behave, you didn't harm somebody intentionally, you can't be sued for it. david: let's put up hillary clinton's defense, through a spokesperson. she said, while no one can imagine the pain of the families of the brave americans we lost there have been nine different investigations into the attack.
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none found any evidence whatsoever of any wrongdoing on part of hillary clinton. i would say that is absolutely not true. there is plenty of evidence of wrongdoing. >> it is absolutely not true. it is also irrelevant to this. she enjoys this qualified immunity, just like you -- if you were injured as a soldier, or even as an innocent iraqi civilian by the invasion of iraq you can't sue george w. bush. david: i understand. but to say there is no evidence of wrongdoing when the fact that four americans was killed is evidence of wrongdoing. >> the myth she has been trying to perpetrate. it shows that she continues to be the queen of deception. she lies and she lies about lying. just like she tried to lie to chris wallace two sundays ago, she made matters worse. david: not everything that happens in judicial procedures is based on pure evidence, mechanical like weighing of evidence. there is a motion that comes into play. >> yes, there is. david: chris perano one of benghazi fighters. >> very moving. david: talking about hillary clinton and all this stuff.
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listen to what he said. >> every time they see -- hillary gets on tv and she lies, their kids die again. >> their kids die again. i was next to stuart varney when he interviewed this young man, it grabbed me the way he said that every time she perpetuates the lie. one of these complaints klayman was for defamation. she had the chutzpah to call parents of deased young men liars. davi she claims she didn't use the word. >> she didn't use the word -- david: is that relevant to the case? >> no. david: emotions are not at all relevant to the case? >> unfortunately no. the case will be dismissed probably not until after election day but will be dismissed. if she disagrees with the parents, entitled to opinion as reckless as she has been. david: judge napolitano. thank you. melissa. melissa: container store reporting first quarter results. shares soaring after-hours, up 10% following a beat.
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the company posting a 4.4% increase in net sales citing a positive impact from tcf closets and launching its new customer financing program. there you go. david? david: spotted at a hillary clinton rally, did you see this? the father of the orlando shooter, who murdered 49 innocent people. there he was attending in the crowd. he was right behind hillary clinton. plus a threat to our national security. 50 republican officials say that about donald trump. >> i wasn't using any of them. they would have loved to be involved with the campaign but i wasn't using them. i had no interest using them. look where the country is now on national policy. these are the people have been there long-time, washington establishment people been there a long time. look at the terrible job they have done. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be.
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david: more he had lines from disney third quarter results. shares down slightly after hours. ashley webster in the newsroom with closer look at numbers. reporter: down after-hours in trading here. they beat on earnings and revenue. revenue in fact up 9% year-over-year. there were a few slight misses. for instance in the cable network revenue just came in slightly under at 4.2 billion but broadcasting revenue did manage to pull out a slight beat. consumer products division was down just slightly. parks and resorts, that number
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was up. these earnings i think have been pushed along nicely by the performance of the film studio such as, movies such as "jungle book," "captain america: civil war," finding dory, "zootopia", don't a great job boosting revenue performance of disney. as i was talking about before, taking out 33% stake in this service called bamtech, for a billion dollars. that ultimately, i think will lead to perhaps what they would like to do is a new espn streaming service, to offset the loss of cord cutters. david: streaming video is the future. ashley, thank you very much. melissa? melissa: donald trump campaigning in north carolina today once again slamming rival hillary clinton on the economy. she is set to outlined her economic agenda in detroit tomorrow. fox business's blake burman in d.c. with the latest on campaign trail. blake, you never let up. you are constantly on this.
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you must not sleep at all. tell me about today? reporter: after delta last night, flying back home from detroit i don't think i dried get much sleep but that is a different issue. donald trump made, he was in north carolina today. this was a rally he was speaking at. not off the teleprompter. he made a comment starting to gather some attention. i will read it to you. i believe this is a paraphrase. he was talking about judges, and hillary clinton and importance of him winning election as it relates to electing supreme court judges. he says quote, not quote, i will paraphrase. if she gets to pick the judges, nothing you can do, folks. second amendment people, maybe there is. that would be a horrible day. that line second amendment people, maybe there is. as in something you can do about it. we know the second amendment relates in part to the ability to carry firearms. that has raised questions now about exactly what was trump meaning with that very phrase. both campaigns have put out states here in the last 30
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minutes or some read you clinton campaign statement. they say, i'm quoting here. this is simple what trump is saying dangerous. a person seeking to be president of the united states should not suggest violence any way. that is the way they read into that statement. the trump campaign put out a statement of their own, quote, it is called the power of unification, second amendment people have a amazing spirit and are tremendously unified which gives them great political power. so, what exactly was donald trump referring to there? you you have got the clinton side. you've got the trump side. meantime we also have polls out, brand new polls out i with would show a very tight race in the swing states of florida, pennsylvania and ohio. though hillary clinton leads in all three. the closest one being florida. that issue though about his second amendment comments, melissa, david, we'll see how far that runs in next couple days. >> very interesting you would, one interpretation out of the gate, they always say people who vote on the second amendment vote on that, that is their
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issue. second amendment people go out and vote, maybe there is something you can do about it. interesting. we'll certainly talk about it. blake, thank you. david? david: if that wasn't enough, we have this other issue. donald trump speaking earlier today and touting his preparedness to be president as far as national security. some republicans disagree. 50 former national security officials coming out saying trump is not qualified to be president. he would put the country at risk. a lot of notable names in the group. but trump saying he wouldn't hire any of them anyway. brad blakeman, former bush 43 senior staff, julie roginsky, fox news contributor are here to talk about. brad, trump's instincts are always to attack the people who attack him, and that is just what he's done. he has gone directly after them. some people say that this was kind of fed to him, and he took the bait. what do you say? >> look, he takes a lot of bait. i wish he wouldn't. there is a lot of other fish in the sea that he can go after
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especially the biggest fish, hillary clinton. and there is no doubt that hillary clinton has a record. you can talk all you want about the danger that donald trump may be but we already know the danger we have. hillary clinton has an awful record in foreign policy and national security. if donald trump would stick to that, i think he would be doing great. a lot of people on that list, david, the 50 or so, they are not household names, majority of them. people don't even know who they are but they do know who hillary clinton is. david: julie, there is true, folks on the other side saying hillary's experience as secretary of state proves that she is a threat to security, and some of those are democrats. >> brad laid out an excellent pivot that trump could have chosen to take but as you did. that is not what trump did. he is incapable of talking about substance. only able to talk about himself. the minute they put out this letter, trump attacked them as opposed doing exactly what brad did what he should have done. reality is this. donald trump in the last few weeks alone said that unless
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nato pay as some sort of -- he would potentially do nothing as russian tanks roll into the baltics. he seems to side with vladmir putin by saying either russians weren't in ukraine which is complete false narrative or ukrainians were wrong to want to hang on to crimea, that putin took crimea. that is what cry means wanted which is contrary to our national interests. david: you're laying out a case of thing he said were wrong. brad laying out a case of what she did, hold on, let me get back to brad here. what are people going to respond to, brad, her experience, problems there to or what he is saying isn't true or disputed? >> i think when voters go into the voting booth. they will vote selfishly with their pocketbooks. they will think not only of themselves but thinking of the nation. how is the economy doing? how is national security doing? clinton has a record on those.
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remember this is the year of the outsider. donald trump is it malt outsider. hillary ultimate insider. if he can stay true to message what he would be doing against hillary on substance he would be doing great. david: is hillary seeing another drop of wick leaks documents. >> trump advisors are in contact with julian assange. draw conclusions who is monitoring this and who put this is forward. david: hits keep on coming. see you in a couple minutes. >> thanks a lot. melissa: speaking to a crowd in kissimmee, florida, hillary clinton kicking off a speech to families of victims affected in the pulse nightclub shooting in orlando. during the speech the shooter's father was spotted in the crowd behind clinton, wearing a hat. when asked by a local news outlet how he felt about clinton's remarks. he said, quote, we've been cooperating with the federal
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government. that's about it. regarding the election, he said, quote, hillary clinton is good for the united states versus donald trump. who has no solutions. david: don't you think that the clinton people would be involved in vetting the folks that were directly behind her, that would get their pictures taken with her? melissa: it seems like they have been in the past. i mean they always know who will be sitting there. very strange. david: it is. think about maybe they knew it and did it anyway because there was some, trying to get something out of trump. who knows. we'll find out. hillary clinton and donald trump both pushing their economic plans, each saying their plan will be better for business. we'll be asking the lending tree ceo and founder who he believes will do a better job on the economy. you want to hear him. that's coming next. ah, my poor mouth breather. allergies? stuffy nose? can't sleep? enough. take that. a breathe right nasal strip of course.
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rates are competitive, and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year round. so call today. because now's the perfect time to learn more. go long. melissa: breaking news, solarcity reporting second quarter results. the company beating the street.
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shares down more than 1% after-hours, citing weak guidance for the third quarter. david? david: donald trump speaking earlier today, reiterating his tax plan and how it will affect and impact the u.s. economy. he is also quick to point out all of the flaws he sees in hillary clinton's plan. take a listen. >> i gave a massive tax decrease yesterday and regulations, we're going to get rid of some of them. but clinton will double of your taxes. she will doublep your taxes. she is trying to say i don't like trump's plan. she will double up your taxes. you're going to have massive tax increases if clinton gets in. david: we have lending tree founder and ceo. he is here to weigh in. doug, you started your company 20 years ago and this recession, coming out of this recession, first time i remember in my lifetime we made it more expensive for companies to do business, not less so, surprise we don't have any growth or really meaningful growth. >> that is really true. under the guise of helping customers and protecting
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customers, for example, i had to fire 200 people in call center in 2008 and 2009 because they passed a law everybody talks to a customer about a mortgage needs to be individually licensed in each state. the regulatory burden was too high. we had to give up that service with customers and actually lose jobs. david: would donald trump's economic plan make it cheaper for businesses to do business in america? >> i think it will under the regulation side. in my mind you have to take a common sense view of regulation. david: taxes it won't? he will cut taxes, corporate taxes in half? >> wouldn't impact our company as much. my view on corporate taxes they say it is give away to big corporations, people who own corporations are pension funds which are mostly owned by middle class pensioners and 401(k)s which are also middle class folks. and i believe cutting corporate taxes is direction impact, direct impact on valuations. keeps jobs in the united states. keeps investment in the united states. makes all the sense to me. david: we shouldn't just focus on corporations, because
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non-incorporated businesses, subchapter s businesses are included in these tax cuts. they will get a big bonus. that is where real innovation comes from in our economy. >> absolutely. david: that is what you were all about. >> you got it. i believe you need a level playing field between small business and big business, and lower taxes can go particularly on small businesses. if you think about it, the regulatory burden is fixed cost on a company. doesn't matter if you're citibank or small mortgage company or mom-and-pop shop, or major corporation, they hit everybody the same. david: hillary clinton has her own economic plan, i'll sure you gone over that with the same detail of trump's plan. what does hillary -- obviously you favor trump's plan. what is it hillary doesn't get? i look at hillary's plan, all the government programs, hers is trickle down except from the government. >> anytime in my mind you have a government program that says it is free, always need to realize it is not free. somebody has to pay for it.
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when i hear elizabeth warren say things you didn't build that company or going on roads that somebody else paid for, quite frankly the companies and wealthier people are paying well more than their fair share. playing 90% plus in taxes. it is not trickle down when you're giving it away. david: public seems to buy that. either that, i don't know why president obama got reelected if the public doesn't buy the fact that he said, for example, with health care, it is all going to be free. it will be free. in fact we've seen prices go up but public continues to believe in the president. his ratings are pretty good. >> i was talking to a taxi driver when i was coming in here last week. he told me that his prescription drug cost under obamacare went up 5-x for the same drug because his doctor switched drugs on him. it is just a travesty. david: the lending tree founder and ceo. congratulations. >> thank you very much. david: melissa? melissa: regulation nation. some government policies could be costing you billions in tax
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melissa: in case you didn't know we're living in regulation nation. it is getting even more expensive. president obama issued $173 billion worth of regulations since taking office. this is according to new american action forum study. the report comes as donald trump promises a moratorium on new federal regulation. brad blakeman and julie roginsky are back with us. brad, i was looking at some of the most fantastic of the regulations that have come along.
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there was one on changing the rules on residential refrigerators, which totaled about $27.3 billion. another on fluorescent lights, very exciting. $19.9 billion. you see the numbers, they look huge. people at home don't realize they are the ones paying this bill. when you buy the fridge and buy the light bulb, the cost of regulation is in there. where am i going wrong, brad? >> no, you're absolutely right. pass along hidden costs. it's a tax. face it, president obama does not like going to congress. his attitude is if you don't like what i'm doing, sue me. we sued him on regulation. supreme court slapped him down several times own his overreach. he tells us, he picks up his cell phone or his pen. executive order or regulation, not legislation. that there in lies the problem, the next president if it is donald trump will have a huge job to do, not openly repeal but replace a lot of this regulation that is embedded now in
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industry. melissa: let julie get in here, running out of time. looking at pacing, he is 20% ahead of where george bush was at end of his eight years. he has time to go, already beat him by 20%. do you feel good about your fridge? is your fridge safe, julie? >> i hope my fridge is energy efficient. i just got a new one. some of regulations i agree with you are silly. you talk about my fridge. regulations establishing fuel efficiency for cars. those are good, better for environment. they save people money ultimately in long term on gas costs. ultimately some. regulations make sense. others don't. i'm not a huge proponent for executive orders by any stretch of the imagination. never was. you have to take each of the regulations as they come i'm sure we could find regulations absolutely ridiculous and we oppose them. all of us should oppose them some i think make more sense. melissa: that is all we have time for. thank you so much. >> thanks. david: we're all living in a dog-eat-dog world. melissa: i thought it was
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regulation nation? david: it is dog-eat-dog world. martha stewart is about to cash in on it. ♪ at ally bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in. ♪ gaviscon is a proven heartburn remedy that gives you fast-acting, long-lasting relief. it immediately neutralizes acid and only gaviscon helps keep acid down for hours. for fast-acting, long-lasting relief, try doctor-recommended gaviscon.
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. melissa: meet television's new odd couple. not us. >> she smoking in the kitchen, and she can cook, too. >> our new show is rizzel, dizzel sha sizzle. melissa: how many takes do you think it took to say that properly. david: a lot. they couldn't do it live. snoop dogg and martha stewart launching a new vh-1 reality show, teaming up to cook for celebrity friends. melissa: i would like to be invited to that. david: you would? i would rather have needles stuck in my eyes than go to a dinner like that. i want to have dinner with you. let's do our own cooking channel. melissa: i love that idea.
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what's wrong with snoop dogg and martha? that would be hysterical. it's either going to be really funny and it all is in the editing. david: that does it for us, "risk & reward" starts right now.. >> he wants to roll back regulations on wall street. i want to tighten them and make them cover more people so that we don't ever end up in the ditch we were in with the great recession! >> hillary clinton is going to be four more years of obama but maybe worse. [booing] maybe worse. going to be four more years. four more years of isis. four more years of high taxes. >> she's not a leader, not a leader, and she is a liar. [cheers] hey.
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