Skip to main content

tv   After the Bell  FOX Business  August 18, 2016 4:00pm-5:01pm EDT

4:00 pm
you moved up from number four, to number three. [closing bell rings] we're up against the closing bell. the dow is up 19. although when we close there is a tight trading range on a day with so much news globally. that is why ashley and melissa pick it up here or "after the bell." melissa: dow, s&p, nasdaq ending in the green. i'm melissa francis. ashley: i'm ashley webster in today for david asman. this is "after the bell." we got you covered on big market movers, first here is what else we have for you this hour. caught on camera, brazilian police just wrapping up a press conference. they say u.s. olympic swimmers lied about being robbed at exon point and witnesses and tape to prove it. we have the update from rio. worst national disaster since superstorm sandy. one local paper urging president obama to leave his vacation and
4:01 pm
come and take a look at the damage. russell honor ray, retired commander of joint task force katrina will talk about what is going on in louisiana. as donald trump continues to brand himself the law and order candidate, hillary clinton meets with law enforcement leaders here in no,. melissa: back to the market. the dow inching higher in the final moments of trading. phil flynn, price futures group, fox news contributor watching action from the cme, while adam shapiro is on the floor of the new york stock exchange. adam, harley-davidson not faring as well today. reporter: they had a little bit after volkswagen moment here. they will pay a $15 million fine. part of a settlement regarding emission charges similar to what volkswagen had to go through. according to the u.s. government they made and sold 340,000 devices let them emit more pollution than they should have
4:02 pm
admitted. they sold 12,600 bikes that didn't meet regulatory requirements. they will settle that. other big news, private pensions or private prisons. the justice department will phase out to let contracts expire with companies that run private prisons. that is geo. that stock was down 40%. coections corporation down about 3%. five years, that will give you what that represents, they only house 14% of the federal prison population. one report says 54% of the correction corporation's 891.7 million in revenue comes from that federal contract. melissa. ashley: adam, thank you very much. oil again soaring today, ending the day up more than 3%, its highest level since july the 1st. where does it go from here? phil, are we in bull territory market here? >> we are, bye-bye, bear market. boy, that was a short bear market.
4:03 pm
we went into a bear market july 29th. we amassed the biggest short position in the history of the crude oil market. all of sudden we're out of it. major short-covering rally the last couple weeks. a lot of it today was really about the dollar. we saw dollar weakness that added to bull market territory. a lot of talk about a opec, non-opec production deal. when you look at oil it is demand expectations. we saw an upgrade from moody's in china. that means more demand. we have demand in europe. strong data in europe on retail sales. demand destruction fears have gone away. that's why we're back in a bull market. ashley: up, up and away. phil, thank you very much. melissa: good news for the world's largest retailer and state of the consumer. walmart raising its profit outlook and reporting the biggest same-store sales gain in four years. scott martin from kingsview asset management. he is a fox news contributor. john lonski from moody's. scott, what do you make of this
4:04 pm
one? why is walmart doing so much better than target? >> well they are good numbers, melissa. i think frankly digital efforts at walmart. you remember the purchase of jet.com. they started to go less physical and more digital. competitors like target, kohl's, macy's gap, all those have been smoked. they want to compete with amazon. retail big box is tough place to be. i like to be online with amazon myself. melissa: john lonski, do you extrapolate this out to the economy at all? does it tell you good things or because target didn't do that well it is really only about one store? >> it is basically about one store. retailing is very much a zero-sum game these days. despite the stock market very positive response to walmart's results, for the latest quarter, walmart sales overall were up by nearly one half of 1% year-over-year.
4:05 pm
reason why they got a nearly 9% gain by net income, is because costs rose by an even slower .3 of a percent. half of a percent, .3 of a percent, man, this is still subpar economy. melissa: without question. scott, walmart's seventh straight quarterly increase of foot traffic. they're getting more people in, that is positive but as john points that out they're not converting that as much as they possibly could. how do you sort those two things? >> john is right. the numbers are not impressive. don't forget, walmart when it was in its slump in the beginning of 2015 was not even growing at all. i guess a little bit is better than negative, but i'll tell you this much, melissa, if you go into walmart today or target or kohl's much better experience than the last two stores i mentioned. that is why they're seeing foot traffithat you talked about. melissa: okay. ashley: we g some earnings news for you. shares of ross stores jumping almost 2% after-hours.
4:06 pm
the discount retail chain reporting better-than-expected earnings of the company reported same-store sales up 4%. also projecting same-store sales next quarter to grow between is and 2%. talking about retail, tech companies, not only ones seeing job cuts because of technology shifts. according to an analyst of jpmorgan, the retail industry lost potentially 1.2 million jobs thanks to explosion of e-commerce giant like amazon and jet.com. john, let me talk to you about this. it can only get worse as technology advances, more humans, effectively being replaced, right? >> expect that for high technology. look at recent cutbacks announced by cisco. these were supposed to be the jobs of the future a couple of years ago. scratching my head, trying to figure out, why in the world we still get pretty decent reads on payrolls? unfortunately i think that is going to change for the worse by
4:07 pm
year's end. ashley: that is interesting. scott, you say this could well be the canary in the coal mine, and it could get worse? >> yeah. if you look back at business cycles, ashley, this is one of the first shoes to drop, is the drop in employment. if you see that in the tech sector relatively strong in this recovery, since 2009, it has been a big jobs adder. if you see tech shed jobs, that is bad sign for overall economy. melissa: airline passengers are complaining less. ashley: what? melissa: i know. this is according to the department of transportation saying the number of complaints they have received so far this year is down 12% compared to the same time last year. scott, i have create stiff theories. john lonski, maybe people stopped complaining, you know what? this is the state of it. it is miserable. why even call to complain. what do you think? >> maybe they have stopped complaining fewer people are flying, so you can get elbow room on the plane these days.
4:08 pm
what they tend to be complaining about are ticket prices and fees. the consumer remains very price sensitive. takeaway being there is very, very limited up side for price inflation. melissa: scott i look back on last two flights. one they lost a bag. one after that, they destroyed my stroller. different airlines both times. i guess, i'm not sure i filed an official complaint on either one. so i don't know, i mean, what do you make of this data? >> well, that is the thing. you're a dove for protecting the guilty here. i don't know airline john has been on lately but every plane is stuffy and oversold and late. melissa: right. >> i don't understand the complaints are down. i know myself i had bad enough experiences on planes lately where i could vandalize a gas station before arriving at gas station like olympic act lights. consumer, customer, airlines given up to complain because you don't get a response and don't get value back you think you were stiffed on.
4:09 pm
melissa: really, what is the report of filing a complain? you think they will actually do something about it, john lonski? by the way those bathrooms, kids who vandalized the bathroom much rather on the plane out of the town, right? >> there is cost involved as far as complaining goes. but if the benefit is negligible bother? melissa: absolutely. guys, thanks so much. ashley: complaints are down you can't get through, too many people are complaining. that is my theory. melissa: they're not answering phone, i wouldn't if i were them. melissa: i don't believe it at all. ashley: polls? forget about the polls, donald trump is calling himself mr. "brexit." melissa: u.s. olympic swimmers, just talking about this, in hot water. brazilian police now saying they lied about being robbed at gunpoint, and they have the tape to prove it. we'll get an update from rio. ashley: natural disasters, devastating two separate areas of the united states. wildfires raging in california, while floodwaters ravaged louisiana.
4:10 pm
president obama, he remains on vacation. we'll speak with the former commander of the task force katrina general russell honere. >> we lost two cars, the water was up to the windows. we come to the shelter. we had to be rescued twice. when a moment spontaneously turns romantic, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away
4:11 pm
for an erection lasting more than four hours. if you have any sudden decrease on, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis and a $200 savings card. the full value of your totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance. get between you and life's dobeautiful moments.llergens flonase gives you more complete allergy relief. most allergy pills only control one inflammatory substance. flonase controls 6. and six is greater than one. flonase changes everything. ♪ ♪ guys, what's happening here?
4:12 pm
hey nicole, this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. [ clock titime. ] you only have so much. that's why we want to make sure you won't have to wait on hold. and you won't have to guess when we'll turn up. because after all we should fit into your life. not the other way around.
4:13 pm
♪ everything is cool when you're watching a screen ♪ ♪ everything is awesome, ♪ when you're sharing a meme ♪ ♪ a voice remote, "show me angry kings" ♪ ♪ you know what's awesome? everything! ♪ ♪ apps that please, more selfies, ♪ ♪ endless hours of the best tvs ♪ ♪ brand new apps, shows to go, ♪ ♪ awesome internet that's super whoa... ♪ ♪ everything is awesome xfinity. the future of awesome. melissa: department of homeland security secretary jeh johnson visiting louisiana to assess the government response to the devastating flooding that has been wreaking havoc in the state. >> the federal government is here. we have been here. we will be here as long as it takes to help this community recover.
4:14 pm
the president has declared a major disaster declaration affecting 20 parishes. melissa: fox news's casey stiegel standing by in denim springs, louisiana, with the latest how many people have been affected. casey? reporter: melissa, the conditions out here absolutely unforgiving. as you came to me i was wiping sweat away. i'm just standing here in front of the camera. we're talking about heat index well into the triple digits and we have stood here, and watched the good people of louisiana do absolutely back breaking work, carrying load after load after load of their furniture, debris, and personal belongings to the curb because they can not be saved. however the sun ironically is welcome site for so many. they're obviously trying to dry out. for context and perspective. look at the before and after shots of the community we're looking in today, denham springs, louisiana.
4:15 pm
officials estimate 90% of the homes and businesses here have been impacted by floodwaters. some 90%, can you imagine? these waters mostly receded from denham springs, which created new problems for people downstream. the so-called cajun navy, a group of volunteers, have been hard at work since very beginning getting folks to safety. >> i can't see how anybody could sit home if they could help. you know, it is, the, the amount of people that came here to help is overwhelming. almost to where, at one time it was almost too many boats. reporter: we just learned fema has 950 of its inspectors working with residents on the ground. secretary johnson says another 750 are on the way. we have talked to an awful lot of people, i should say, over the last couple of days who say they do appreciate the fema director being here on the ground in louisiana, and
4:16 pm
homeland security secretary jeh johnson visiting today. however, there is strong sentiment that president obama himself should cut his vacation strong and come down here to personally see what has happened to the state of louisiana, and melissa, we have heard that from person after person after person, that we have talked to, over the last few days, covering this devastation. back to you. melissa: yeah. you remember the criticism that president bush got. those poor people. casey, wow. reporter: right. melissa: thank you for that report. ashley: more on the story. joining me lieutenant governor russell honor ray, former task force katrina and former u.s. army commander. lt. general, thanks so much for joining us. you were instrumental in the rescue in the days, weeks, following katrina, primarily the first task saving people's lives. how would you rate the response this time around to this
4:17 pm
catastrophic event? >> disaster strains and you are never right place at right time all the time. cajun navy, response by first respond is and sheriffs, police and fire and wildlife fishery ands with ale was louisiana national guard. that was overwhelmed. as a result the cajun navy stepped up to fill the gaps. this is historic flood, of historical proportion, over so many different parishes at one time. you are talking about an area of about 100 miles we're dealing with search-and-rescue simultaneously, between hammond, baton rouge and points to the north, and it is not just a straight line. it's a jagged line.
4:18 pm
so they had to get in there, the parishes did good. but by nature a disaster will overwhelm the capacity at any given time. ashley: right. >> but i must say what i saw was impressive. ashley: general i want to bring up a point that our reporter on the ground casey stiegel pointed out, i believe in the advocate, a newspaper in baton rouge, putting up this statement in the paper, saying vacation or not, a hurting louisiana needs you, president obama. we know that to melissa's point earlier, that george w. bush got a lot of criticism for that 2005 fly over of the, impact of katrina. he was much criticized for giving it a partial look, if you like, as he flew on to his vacation. should the president be there right now? >> i think the president will be coming here. i'm optimistic that he will. and it is, of the people. if you have lost your home,
4:19 pm
right now you're in there, scraping it out, you want confidence that the government will do everything it can. but you got to understand another thing too. at this point in time, right in the center of this disaster many people can't use their cellular networks because at&t failed again. they failed during katrina and they failed the people in livingston parish and most of east baton rouge parish because the systems went down, they too, the systems went underwater in the flood. so people have trouble staying connected, and we hope at&t will help them connect. but i think the president is on the way, as far as when he comes, i think he will be here shortly. in the meantime, the federal government was here, during, and throughout the event and today we had secretary johnson but we got much work to do. and we need some federal standards because that interstate 12 blocked water in
4:20 pm
denham springs would have normally flowed to the south. as a result of some recent construction. we need to relook how that interstate has been repaired. ashley: going to be a lot of questions. lieutenant general russell honore, thank you for your time. we hope it stops raining in that part of the world. >> we need volunteers around donations. you heard it right there. ashley: breaking news, gap out with second quarter results. let's go to adam shapiro at nyse for the numbers. adam? reporter: numbers are pretty good. they beat expectations. revenue was expecting 3.8 billion. earnings per share 60 cents. they were expecting 59 cents. it sold off after hours but recovered. it was flat barely after-market. they announce they close another 50 stores as they go through 2016. same-store sales, this was expected down 2%. ashley. ashley: thank you very much,
4:21 pm
adam shapiro. melissa: the morality of the death tax, hillary clinton taking aim at donald trump's plan to repeal the controversial estate tax. we'll debate and let you decide. paying ransom to our enemies. new evidence of the $400 million payment to iran was specifically timed to the release of american prisoners. next, kt mcfarland, fox news national security analyst sounds off on that. >> this wasn't some nefarious deal. we did not pay ransom. we didn't here around we won't in the future. i have asthma...
4:22 pm
...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. breo is not for people whose asthma is well controlled on a long-term asthma control medicine, like an inhaled corticosteroid.
4:23 pm
once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. do not take breo more than prescribed. see your doctor if your asthma does not improve or gets worse. ask your doctor if 24-hour breo could be a missing piece for you. see if you're eligible for 12 months free at mybreo.com.
4:24 pm
melissa: new details on the obama administration's $400 million cash payment to iran. u.s. refused to hand over the money until the plane carrying the hostages left iran according to "wall street journal" that story seems to connect with a
4:25 pm
claim of one of the prisoners who told fox business this. >> they told us you're going to be there for 20 minutes, but it took like hours and hours. we left the airport. when i asked them why you don't let us go, plane was there, pilot, everyone was ready to leave the country, they said we are waiting for another plane. until that plane doesn't come we never let you go. ashley: here now kt mcfarland, fox news national security analyst. so what do you think about this story? some people might look, say this, is money they were going to get anyway, what little leverage we have. why wouldn't we hold it back until the hostages were free? >> yeah you know, look, it is clearly we paid ransom for those hostages. it is not a coincidence that it all happened within a few hours. that the hostages hostages wered and money were released. there is a reason we don't do this. not just that president obama was caught basically lying and denying. there is a reason we don't pay
4:26 pm
ransom for hostages. one, because it reinforces the bad guys are going to take more hostages. that is exactly what they have done. they have taken three more americans hostages. the second,, what do they use the money for? they used money for iranian defense budget and give iranian sponsored terrorists. foundation for the defense of democracies found a budget item in the 2017 iran defense budget. final reason, melissa, that is part of the world where perceptions matter, they matter a lot. what the perception is, that iran forced the united states into a humiliating position, ok american hostages, got, a big ransom for them, in fact, iran even did a documentary bit. so for all of those three reasons, this is a very big mistake and we will be paying the consequences for it for a long time to come. as more hostages are taken. melissa: beyond that, that is of course not what the administration says. they say they have a dialogue with iran. that all of this is evidence that our relationship with them
4:27 pm
is getting better. we're returning money that was theirs anyway. >> right. that, that things are getting better with this nation. that is not true? >> why did they take three more hostagesthings are getting better? why did they use the money for defense budget will be used against america and america's allies? it just doesn't wash. why on earth would we give money to a country that will turn around and use the money to kill us. melissa: a blurry red line, kt, amazing. president obama and hillary clinton vowed to remove syrian president bashar al-assad from power. listen. >> president obama called for president assad to step aside and announced largest sanctions targeting syrian government. these sanctions include the energy sector to increase pressure on the regime. the transition to democracy in syria has begun and time for
4:28 pm
assad to get out of the way. melissa: democracy. demand, so that demand that we heard, totally ineffective. president assad obviously in power. democracy? we're looking at video of the bloodshed going on. that poor child we see in the video. i mean it is, kt, what do you make of all this? >> that little boy is five years old. and when secretary clinton and president obama were saying assad, you've got to go, you've got to go, thinking somehow if they said it would magically happen, that little boy, has been alive as long as promise is out there. look what happened? it is getting worse and only getting worse. perceptions in that part of the world matter, when he makes a threat, assad has got to go and he has to step down. at same time president of russia says, no, assad has to stay. who looks like the strong horse in the middle east?
4:29 pm
who looks like the weak horse? melissa: russia played a long game and stepped up in power and influence during president obama's regime. kt, thank you. >> thank you, melissa, donald trump shifting around his campaign staff but is trump's campaign changeup going to lead to donors opening up the we'll have the story coming up. devastating wildfires tearing through miles and miles of land in southern california. how is it being contained? that story coming up next. >> in a word it was devastating, a lot of homes lost yesterday. there will be a lot of families that come home to nothing. equals great rates. it's a fact. kind of like bill splitting equals nitpicking. but i only had a salad. it was a buffalo chicken salad. salad.
4:30 pm
and i quit smoking with i'm chantix. i decided to take chantix to shut everybody else up about me quitting smoking. i was going to give it a try, but i didn't really think it was going to really happen. after one week of chantix, i knew i could quit. along with support, chantix (varenicline) is proven to help people quit smoking. chantix definitely helped reduce my urge to smoke. some people had chans in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. some had seizures while taking chantix. if you have any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get worse or of seizures. don't take chantix if you've had a serious allergic or skin reaction to it. if you have these, stop chantix and call your doctor right away as some can be life-threatening. tell your doctor if you have heart or blood vessel problems, or develop new or worse symptoms. get medical help right away if you have symptoms of a heart attack or stroke. decrease alcohol use while taking chantix. use caution when driving or operating machinery. most common side-affect is nausea.
4:31 pm
being a non-smoker feels great. ask your doctor if chantix is right for you.
4:32 pm
4:33 pm
melissa: donald trump meeting with supporters today in north carolina. the trump campaign is rolling out the first television ads of the general election in four battleground states including north carolina. fox business's peter barnes in d.c. with the latest. it is about time, peter. reporter: hey, melissa. trump will hold a rally tonight in north carolina, a key battleground state. at a minimum, we could see him repeat that he is the law and order candidate in this contest, not hillary clinton, after both candidates met today with law enforcement representatives. trump in north carolina and clinton in new york. law enforcement is a major issue in the presidential campaign of course, with the shootings of african-americans by police and the shooting, shootings of officers as well, officers under
4:34 pm
attack but, clinton has a tough balancing act with this issue she is getting much more support among black voters than trump. that balcing act was on display in her meeting today. >> i believe supporting our police officers and improving policing go hand in hand. everyone is safer when there is respect for the law, and when ever one is respected by the law. so we have a lot of work to do together and we don't have a minute to lose. reporter: separately we want to bring this to your attention. donald trump spoke to our fox news colleague, ainsley earhardt this week for "fox & friends," in the interview he declared himself the can state for another issue as will. listen. >> country is changing. the world is changing. we saw "brexit" and we're seeing that in the united states. >> i think i will be call, mr. "brexit." reporter: we'll watch the trump
4:35 pm
rally for any evidence of any influence on trump by list new campaign team. for one thing, it says that he will be more optimistic in his speeches. melissa. melissa: i think he needs, a sash, that says mr. "brexit." i might make that, send it his way. ashley: he will wear it. melissa: thank you, peter. reporter: you bet. >> it helps us to be a little bit behind and we are. it lights a fire under us and reminds us what we need to do to get this done. ashley: helps to behind in the polls what was talked about. donald trump's new campaign manager finding a silver lining in those surveys but are gop donors looking at it this way? the new campaign shake-up could be making some donors worried perhaps. joe trippi, democratic campaign consultant, mercedes schlapp, and david drucker, "washington examiner" and host of examining politics podcast, all joining me. thank you all.
4:36 pm
let me begin with mercedes. does t appointment of steve bannon perhaps put off those moderate gop donors who say, wait a minute, you're going just a little too far to the right for me to kick in some money? >> well i think it's a mixed bag for the donors. i think that bannon is unconventional pick, however i would say kellyanne conway has a strong relationship with the establishment republicans. so i think that what donors are going to be looking at right now, this is shake-up going to work? donors like to see a winning campaign? are we going to start seeing a shift in the poll numbers? what has been fascinating for donald trump the fact he has been able to raise millions of dollars based on small donors, which is very effective. it's a selling point for donald trump. ashley: joe, let me go to you. a democratic campaign consultant, does poor poll numbers hurt when getting
4:37 pm
donations to your campaign? do people, to mercedes point, do they want to back a winner? does it hurt? look at those things and aren't just assuaged by being strong, grassroots heat coming at them, that they want to support with $10, $25. why trump is doing better with grassroots money but the real problem is, what other race is out there start attracting those donors? you know tough senate races, that are, where senator may behind but within range of keeping the seat. that's going, trump is now competing with a lot of the senate races that he helped put in play. so the, those dollars are not, look at his poll numbers bannon, the change really starting to
4:38 pm
show results, showing poll results i think you will see a lot of money move to other race, senate races in particular to try to hold on. ashley: david, is it a risky move to bring in kellyanne conway, steve bannon? especially this close to the election, 80 days out? is this a risky move? >> look at it like this. winning presidential campaigns don't have two shake-ups within a few months. certainly not a shake-up this close to the election. they elevated two people that have never run a presidential cam payne. kellyanne conway experienced republican operative with know how never served in this role and bannon never served in any role. we'll see how it goes. what does major donors look for, how does trump perform. more same campaign rallies with off-the-cuff remarks and lead him into trouble, depressed pole numbers, over time they don't see him as worthy investment and won't give.
4:39 pm
trump's loyal base will keep giving, they believe in him no matter what. i think the key is, can this campaign function differently in the age of data analytics and field. ashley: right. >> when starting at such a late date. they're just going on the air on television at end of this week after blasted for months. absentee voting begins september 89th in north carolina mails out ballots -- september 9th. schedule is more accelerated than people realize. ashley: we shall see. november is just around the corner. panel, you say there. you will be back in a bit. melissa: the blue cut fire is one of several wildfires that have been raging in southern california. flames from the blue cut blaze destroyed more than 31,000 acres of land in just the past few days. more than 1500 firefighters have been working to control the fire
4:40 pm
which caused evacuation of nearly 34,000 homes and more than 82,000 people in the area. firefighters warned residents they should not think twice if instructed to leave their homes. appears many tried to stay toe. ashley: we both lived in southern california. those fires are devastating. u.s. swimmers in pretty hot water. police in rio say the olympic team swimmers lied about being robbed at gunpoint. that's next. [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models.
4:41 pm
4:42 pm
i wodon't know where i'd be without itre
4:43 pm
so when i heard about con-artists committing medicare fraud... it made me so mad i wanted to give them the old one-two one, never give your medicare number to get a free offer or gift two, always check your medicare statements for errors these crooks think we're clueless, they don't have a clue it's your medicare, protect it see more ways to fight fraud at medicare.gov/fraud >> thereas no robbery. in the way that it was reported by the athletes. they were not the victims of the criminal facts that they described. the police can already confirm this. ashley: well, yes, brazilian police holding a press conference earlier today, revealing that the u.s. olympic swimmers invented the whole robbery story. this just as surveillance from
4:44 pm
rio came out. they said they were robbed at gunpoint. they say the swimmers vandalized the gas station bathroom but left before police officers arrived at the scene. police said a security guard pointed a gun at the swimmer, only to contain the situation. no shots were fired. brazilian police say they are still investigating. what a mess. melissa: i mean, come on now. can ryan lochte race out of this pr nightmare? there is only one man who can help him. bruce turkel, turkel brands ceo. you know what we have a big crisis, bruce, you're the first person we call in. ryan lochte has a really big crisis of the after the 2012 olympics earned $2.3 million from endorsements. speedo, gatorade, proctor & gamble, nissan, at&t. how does this hurt his chances of cashing in. >> this ends his chances of cashing in, melissa. we just saw someone go from
4:45 pm
maybe, winning a gold medal to losing the goose that laid the golden egg. we just you watched somebody lose $100 million. melissa: really? really? okay, so let me try to the other side. so these are stupid athletes who got, they were done, letting off steam. they had too much to drink. i like, i don't know i'm doing my best. i'm trying. those were pathetic excuse. >> you're being compassionate and being empathetic. melissa: well -- >> here is the problem. we talk about this all the time. the big fear of sponsorship, the fear that the person you sponsor goes rogue and does something bad, looks bad on your choice, your decision to put your brand with them. by him doing the stupid frat bro antics, what it shows is lack of judgment, regardless of what you think of what he did. what shows nobody will be willing to say, that was fool and childhood nonsense.
4:46 pm
we'll trust this guy and put our billion dollar brand in his hands. ain't going to happen. melissa: a lot of people saying on more serious note makes the u.s. look bad. here is this winning team and by comparison, some of the gymnasts, i think it was one of the gymnasts came out and said good news, nobody got hurt and everything turned out okay. she had so many grace to say something that would hold up over time, no matter what happened, because no matter, what it is good news nobody got hurt. does it tarnish, everybody, involved in the games? >> of course it does, because remember, brazil has been fighting all the bad press they have been getting, and a lot has been coming from right here in the united states. melissa: yeah. >> about not being ready, about disease, about how the water conditions were. then our gymnastics team does a spectacular job, they are such gentlemen, women, sportsmen.
4:47 pm
but shows down deep we do these stupid, stupid things. melissa: america loves to tear down a hero to have a comeback, if you were coaching him, is there something he could do right now? could he do something like tearful mea culpa. we did something stupid and embarrassed. i wish i could take it back? we're like kings of that in america. isn't that a teary thing he could do? >> that is exactly he should do. d and he has to go a step further, build a pool in favela and gym and offer to help kids swim. if i was advising him, go back to the country, fall on your knees, cry, make your promises, but if he goes back he will get arrested. he broke the law. but he will have to do it from a distance. he has to make good. he can't simply say it. he has to prove it. he has to do something that matters. >> bruce turkel, next time i get
4:48 pm
in big trouble i'm calling you first my friend. >> i'm looking forward to it. not getting you in trouble. melissa: i appreciate that. ashley: yeah. hopefully you don't have to make that call. the death tax debate, hillary clinton blasting trump's plan while she claims the wealthy will pay for her agenda. our political panel is back next. >> when donald trump becomes president of the united states of america, we are going to cut taxes across the board for every american. [applause]
4:49 pm
don't let dust and allergens get between you and life's beautiful moments. flonase gives you more complete allergy relief. most allergy pills only control one inflammatory substance. flonase controls 6. and six is greater than one. flonase changes everything. ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you.
4:50 pm
that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you.
4:51 pm
these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ melissa: hillary clinton taking aim at donald trump for his plan to eliminate the death tax. >> he would by eliminating the estate tax save the trump family $4 billion and do absolutely nothing for 99.8% of all
4:52 pm
americans. melissa: clinton claims trump's plan will only benefit him, and her obviously but is that true? joe trippe, mercedes schlapp, david drucker are back with us. first of all the statement is so disingenuous, really rich people like the clintons and the trumps do very straightforward estate planning to shelter themselves from the inheritance tax. no way the trumps will pay the inheritance tax and neither are the clintons. >> that's right. melissa: it is about people who basspass down small family businesses or where am i going on that. >> clear impact on family-owned businesses many times they don't even have liquid cash. say the owner dies, they have to pay this 45% death tax. and they don't have the money to pay for it. so what do they have to do? they have to sell their assets and sell their business. melissa, it's a huge impact on
4:53 pm
these family-owned businesses. at the end when you look at it, the actual revenue the federal government is getting from the death tax is minimal, compared to see what we get in terms of economic growth, eliminate the death tax, you're talking about $46 billion that you would accumulate in the next 10 years. it would generate jobs. so i think that, i think that clinton is way off on her statement. melissa: david, why doesn't somebody demonstrate this with math within the trump campaign or point out that the clintons have $100 million and i'm sure it is sheltered from the death tax and i'm sure no way chelsea pays after half of that to the government? >> there is debate over it but there are some good policy points. larger question, will it win you any votes, if you're donald trump nothing wrong with including it, getting rid of the tax as part of your agenda. if you're hillary clinton nothing wrong with trying to raise it or include it as part of the agenda. i don't think the end of the day
4:54 pm
the election will be won or lost on finer points of the death tax. i don't think it will win you swing votes or lose you swing votes for that matter, in terms of what your opinion is on this. it's a good policy discussion to have, and it matters i think, to a lot of people and to sort of the economic growth and financial system, but, when you're out there competing for electoral votes, people want to know, get me a job and raise my wage. melissa: yeah. joe,. you tax what you want to discourage. why are the ones that benefit most.
4:55 pm
he can get in an argument. i agree with david, you can have a debate about it but helps define trump but going after him this way in a way, nothing he is saying about this impacts hillary that much or, you know, makes a point against her. so i don't think this will be much -- i agree with him. i don't think this will be much of an issue. melissa: mercedes, joe makes good points. he falls into the trap well, it may make good economic sense, it is not a great political talking point. why put it out there at all when other side uses it against you like this? >> i think it is part of a bigger vision of trump in terms of talking about tax reform, simplifying tax brackets. figuring out a way to talk about job creation. so it does, it does help and fortify the argument about job creation and economic growth which i think works to trump's favor. melissa: thanks, you guys. appreciate your time. ashley. >> thank you. ashley: taking it a little too easy.
4:56 pm
why the ceo of the judgment-free gym, believes chile's, that chill lie's is one of his biggest competitors. melissa: there you go. ♪ :
4:57 pm
4:58 pm
4:59 pm
>> okay, i have to tell you i love this story. planet fitness, the gym known for free pizza nights. the gym known for free pizza is not worried about traditional competitors. believes biggest rival is chili's and customers that lured away from the gym. >> they plan not to decide to workout, back to the couch. the stock is up nearly 40%. 6% gain for the s&p. >> so they're doing something right. i think the free pizza at the gym. >> if i had known that, i would have gone.
5:00 pm
i wouldn't have worked out, hung out in the front lobby. >> eating pizza. i think you would pay to be there. to them, that would be fine. smart business. that's right. that does it for us, "risk & reward" starts right now. >> we do not pay ransom for hostages. we've got a number of americans being held all around the world, and i meet with their families, and it is heart breaking and we have stood up an entire section of interagency experts who devote all their time to working with the families to get the americans out. but those families than we have a policy that we don't pay ransom. deirdre: president obama says it was not ransom payment. the state department made a comment that many say closely fits the definition of that very word. this is "risk & reward," i'm

97 Views

info Stream Only

Uploaded by TV Archive on