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tv   After the Bell  FOX Business  August 24, 2016 4:00pm-5:01pm EDT

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>> fried. he had a speech you know what, labor market metrics where we need to be. inflation is almost where it needs to be. [closing bell rings] market looking at yellen speech friday, will fed tighten in september? that is what the market is worried about. liz: we'll have the speech on fox business. peter barnes is there. phil orlando, thank you. just off session lows to david asman and melissa francis for "after the bell." david: thank you very much, liz. stocks retreating from record highs with losses picking up steam in the final moments of trading. the dow and s&p down, but look at nasdaq, way down by more than a full percentage point. hi, everybody, i'm david asman. melissa: i'm melissa francis this. is "after the bell." we have you covered on big market movers. here is what else we have for you this hour. donald trump wrapping up a rally in tampa, florida, focusing on immigration and jobs while also slamming hillary clinton for what he calls criminal behavior. this as clinton's camp is trying
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to discredit the ap report that found more than half of her private meetings as secretary of state were with clinton foundation donors. david: coincidence. melissa: yeah, right. calls for a special investigation are growing louder and louder. we have new details in the deadly attack on the american university of afghanistan in kabul. david: back to the markets though, the dow dropping into the close with united health, merck and caterpillar driving blue-chips lower. that nasdaq very troublesome, over a percentage point down. oil in retreat as well. phil flynn price futures and fox news contributor is watching the action from the cme while adam shapiro is on the floor of the new york stock exchange. adam, homebuilders, we can't forget the nasdaq. that was a big loser today. reporter: when we got existing home sales report from the national association of retailers the july numbers were down from june, roughly 3.2%. run rate of 5.39.
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that was not what people were expecting. subsequently saw kb hometown as well as lennar and toll brothers. yesterday these stocks were all up because we got the good numbers from commerce department from sales of new homes. this was a disappointment, existing home sales. another stock down today, ford. ford had to issue recall on 80,000 plus vehicles, 2013 to 2015 model year. problems with the fuel pump. engines can stall. no one wants that. ford taurus. we're talking about the flex wagon and lincoln mks sedans and that 80 plus recall not helping ford. finally retail. tough world in retail, retail express. they were at 52-week low today, $11.89. not all-time low but stock is having a tough time as is la-z-boy. back to you. melissa: thanks,. oil down 3%, phil, lowest close in week. what is going on there?
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>> a lot of pressure from the energy information agency showed a lot of unexpected build in crude supplies but the big drop also in the gasoline demand. refinery runs fell pretty dramatically. it let traders that strong demand is griping into a halt that we're getting into seasonal weakness. further if you look at market as little closer, part of that could be a storm in new orleans. that could impact refinery runs and demands. we may have to look at next week. the other thing we saw in the market was a lot of buying in the gulf coast cash gasoline markets. the reason is that a lot of these buyers of gasoline are being looking at weather, possibility of a major storm in the gulf so they're getting ahead of that cash market. back to you. melissa: thanks, phil. david: it has been one year since the dow "flash crash" when the blue chip index sank more than 1000 points at open. the dow ending that day nearly
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600 points down. lowest closing level in 18 months. let's bring in the market panel. jonathan hoenig from capitalist pig hedge fund and gary kaltbaum, kaltbaum capital management. both fox news contributors. gary, are we in for another? >> i hope not. last year was combination of china and all kinds of other things that were going on. i'm sure central banks stood up and bought markets up. i remember middle of the day out of nowhere the market rallied 400 points in minutes. let's hope it doesn't happen. i think eventually market is in trouble because of all this easy money but i don't see it happen just yet. david: jonathan what happens after the fed raises rates? won't happen until after the election, but if you look to future you want to short the markets maybe that is the time? >> david, i wish we knew. we're in uncharted territory when it comes to rates. one the reasons we're starting to see the market not continuing to achieve new all-time highs because in fact some interest
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rates are rising. look at libor, really short-term interest rates, they're starting to rise. the market swings from greed to fear, back to greed and back to fear again. i'm of the mind, gary is talking about this, we're starting to be a little too much on the greed side, that thousand point drop is only 5% in the dow, not that big of a drop, 5%, that is probably sooner than, going to come sooner rather than later. melissa: seems like amount of information facebook has on its users is never ending. there are 98 things facebook knows about its users, including political preferences to provide relative targeted advertisements. gary, they always say in the product is free you are the product. that is true in my book. >> whatever happened to the word privacy? i have got four pages right here. 98 different things they're following. it scares the willies out of me. i'm thinking about getting off of it at this point in time.
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i don't want them knowing what i'm doing, what i like, what i dislike, where i'm going. you know what? that is the internet for you now. if you look, make a trip to canada, you start getting advertisements sent to you on every web page you go on trips to canada. nature of the beast. melissa: jonathan, look at it postively, they're serving you ads that you really want. that is great service to you. flip side they think they know exactly what your politics are and selling to you people that are going to try to raise money or make judgments or whatever else? >> yeah, melissa, everything that facebook nose about you you have told them explicitly about you. they're not breaking into your house filtering through your files. they're taking in information. melissa: they're spying on you 24/7. >> i appreciate it. i don't want ads for feminine hygiene products or kids toys. i appreciate the fact that the ads served to me are actually something i might find of value. that is why facebook stock is not too far from the all-time high. melissa: hp out with third quarter results.
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adam shapiro is standing by with the numbers. what do you see? reporter: pleasant surprise for hp and earnings per share. 8.9 billion. street was expecting 11.6 billion. couple things here to let you know. third quarter printing revenue, they have been focusing rebuilding printing business, 4.42 billion. they cut fiscal year 2016 guidance. adjusted earnings per share is projected 1.59 to roughly 1.62, from $1.62. that is the earnings from hp. melissa: great job, adam shapiro, thank you. david? david: huge story in the news. reaction out out of the price he of mylan's epipen. hillary clinton calling this latest troubling example of a company taking advantage of its consumers. it is wrong when drug companies put profits over patients raising prices without justifying value behind them.
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mylan's ceo has also seen a salary increase of more than 600%. the company has moved its headquarters to avoid u.s. corporate taxes. jonathan, i got to tell you i was little surprise when i heard josh earnest from the white house, set spokesperson there, he did not come out as hard at the company, as you thought, use ad talking point three times with four sentence, we're not second-guessing pricing strategy of business practices after private enterprise. that is a little surprising from a ma nip live government administration is ve? >> it is surprising, david. if they actually believed that i wish they get out of the business of health care all together. that is why companies like mylan are able to raise prices like this, some might say egregiously. think about apple iphone, price goes down every year gets better. with medicine, third partying for most health care in this case government, the company
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hikes the prices. what when he need prescriptions be made non-prescription let a real free rket come. david, briefly in this case there is actually $149 alternative for consumers. david: despite the fact my good libertarian friend jonathan would hope government doesn't interfere. this is election year, this is tailor-made issue for politicians who want to be seen doing something. >> let me tell you what happened today. three minutes after hillary clinton mentioned that, all the biotechs and every health care stock started to crash throughout the rest of the day. so the market was speaking loud and clear. look, i believe in capitalism but i don't believe in idiotic capitalism. they're going to pay a price. here will be the outcome. you will see the ceo on capitol hill having to defend they raised prices 600% and look like an idiot and they will end up lowering prices in the end. david: guys, thank you very much. appreciate it. melissa. melissa: the death toll is climbing after two major
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earthquakes rocked two separate countries. the latest details on the recovery effort in italy and burma. david: wow. hillary clinton under fire after that bombshell ap report that critics say prove her state department was all about pay for play. "new york post" columnist believes there is much more to this story. he is going to join us with his take coming up. melissa: donald trump seizing on this scandal at a rally just moments ago. >> hillary clinton ran the state department like a failed leader in a third world country.,
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clinton foundation donors had kind of special access to hillary clinton's state department. our own blake burman live from d.c. with the very latest. hi, blake. >> hi, there, david. donald trump and his campaign both of them made the clinton foundation its main focus, its main priority throughout the day. for example you mentioned at a rally in florida earlier this afternoon. trump renewed his calls for a special prosecutor to look into his opponent. he said hillary clinton ran the state department like a failed leader of a third world country and predicted the fallout is just beginning. >> wait until you see when it is revealed all of those people, now it looks like it is 50% of the people that saw her had to make contributions to to the clinton foundation. wait until you see ultimately what she did for all of those people. reporter: the associated press has reported that of the 154 non-government people they
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reviewed who clinton met with, 85 had ties to clinton charitable donations. critics say that suggestions access to the secretary of state revolved around money. however the clinton campaign calls this story utterly flawed. they say clinton took over 1700 meetings with world leaders. here is campaign manager robby mook from earlier today. >> she was meeting with foreign officials and government officials constantly. so to pull all of them out of the equation, cherry-pick a very small number of meetings, is, is pretty outrageous. reporter: so, david, basically making a couple points here. first they contend the sample size that backs up the ap story was skewed. they also say clinton was just meeting with global leaders who somebody in her position should meet with. david: by the way, the ap is standing by their report, standing pat behind their report, just to make that clear. melissa: yeah. david: blake, thank you very much. melissa: so the clinton foundation controversy raising
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more red flags about hillary clinton's trustworthiness. according to michael goodwin the only question left for hillary, what else are you hiding? the "new york post" columnist and fox news contributor joins me now. look at ap report, very clear, send your money in, get your business heard by the state department, but you say money alone doesn't explain it in the article you just wrote. what did you mean by that? >> hi, melissa. the issue here is obviously connected to the foundation but i think it is larger than one contribution or any group of contributions. i think what hillary clinton did during her time as secretary of state and afterwards is very much at issue. everything she's done here in the last six years now, seven years, is really come under scrutiny, and not any of it makes her look better. the issue of the foundation ties, what she did for those
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people while she was in the state department. lobbying for them. giving them all kinds of access and perhaps government favors. i think trump is right. the focus will shift what did these people get? i would also suggest that the focus will shift to how did the clinton foundation spend that money? how its money is being spent is another i think ripe area for investigation. melissa: because you asked a question that i have asked many times which is sort of like how much money do they need? when you look what they have amassed through this machine, through the foundation, it is hundreds of millions of dollars for them personally. they went from nothing to hundreds of millions of dollars. really nobody needs that much money. at the same time the damage to her future potential political career and aspirations was pretty large. so in logical sense, they should have stopped somewhere along the way at the point you make. >> yes. melissa: you say that's why, following that trail, we still don't really understand what is going on.
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you think how they spent the money could be one key? what does that mean? >> look, i think the questions go from the emails. the emails that she clearly tried to destroy. now the fbi turned up 15,000 more said were work related she did not turn over. as i understand some of those she erased from the server. they got them from other people or maybe off the server itself somehow. melissa: yeah. >> so i think there is a lot of questions. why did she want to erase some emails? she says it was just yoga and my daughter's wedding. does anybody really believe that? melissa: hard to imagine. >> so question of the money. when i say following the money, not just that they took a bribe, the money i think leads us to actions they took and maybe there are other things in these emails that will come out. melissa: it's a great point. >> i don't think we know the whole thing yet. melissa: no, i mean it's a very interesting point. very quickly before you go,you
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wrote another article that got a ton of attention about collapsing media and they spent a ton of effort going after trump and what do you think of ap spent years working on this i saw a interview with the reporter. they sued to get hillary clinton's calendar. they really had to dig their teeth in to stick on it to get this math. there is at least one good, old-fashioned story about real watchdog journalism, right. does that restore your faith? >> this is clearly a good piece of investigative journalism. as you say it took years. they had to go to court. melissa: yeah. >> this should have been handed over under foia requests. my point about the standards, decline of standards goes really to the heart of the "new york times," "the washington post" and the three major broadcast networks. they have violated their own standards in order to destroy trump. really i would say in service to clinton. they have made it clear they, that they see trump the same way clinton sees trump. they put it on the front page, they put it on the last page.
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they put it on every page in between. it is disgraceful. melissa: yeah. michael goodwin, always fantastic, thanks for joining us on the show. we really appreciate it. >> thank you. melissa: williams-sonoma out with second quarter results. let's go back to adam shapiro. he has all the details. adam, give them to us. street was expecting 1.117 billion. earnings per share, 58 cents. that is what the street was expecting. after hours williams-sonoma trading down a bit. give you comparable brand revenue growth in the second quarter, pottery barn, a lot of people know that, down 4.8%. williams-sonoma was flat. west home brand doing incredibly well. comparable brand revenue up 15.8%. pottery barn kids essentially flat and pottery barn team down .2%. melissa: adam, thank you very much. david: keeping us safe from terror. deadly attacks at american university in afghanistan
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leaving americans vulnerable. kt mcfarland talks about which candidate is fit to take on all the threats worldwide to minutes. why one school is under fire for asking permission to i have got pledge of allegiance. >> what next? american flag out of the schools? the currency, it is coming if we don't make a stand now. ♪ [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here.
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david: we're getting reporting one dead at least 25 wounded after an attack at american university in cob fuel. witnesses say they heard gunshots and explosions. students and teachers took cover in classrooms as police and special forces surrounded the campus. this came two weeks after two university professors kidnapped by unknown gunmen. their whereabouts are still unknown. melissa.
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melissa: vice president biden meeting as a show of u.s. support following last month's violent coup attempt. the meeting comes as u.s. and turkish forces launch a major operation against isis in northern syria near the turkish border. the u.s. conducting several airstrikes throughout the day today. david: there is a whole lot boeing on. how does the next president respond to all of this? here now kt mcfarland, fox news national security analyst. kt, have you seen so many foreign policy wrecks facing a new president in your life? >> no. not in my lifetime. this is a train wreck. pick your continent. it's a disaster everywhere. europe is falling apart. david: what scares you the most? russian reset didn't go so well. >> right. david: china in the south china sea. this continent with venezuela after we coddled maduro and his predecessors. where there is more tension anywhere else? >> three things. one reset with russia and potential for miscalculation, that if the russians try to overreach and we calculate that
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we should respond to them. so that is number one. that is the most immediate threat which could happen within the next several months, several weeks, several years. the second one though is the medium threat i think the nuclearization of the middle east. iran is on track to get nuclear weapons. iran is the hegemonic power in the region. if iran gets nuclear weapons or looks like it is going to the get nuclear weapons others in the region will respond getting nuclear weapons of their own. in the most dangerous part of the world where they shouldn't be allowed to play with matches they will potentially have nuclear weapons. long term threat of the united states comes from china. more militant china, more aggressive china, a china just about to achieve its world ambitions to replace the united states and then its economy starts slowing. that is a china i think looks at united states -- david: woundous animal. >> absolutely. david: a lot of these problems would have happened regardless of the u.s. president but i think of certain things that happened. for example, the famous arab spring back in 2011-2012 where
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we purposely supported the muslim brotherhood in egypt. we have a piece today in the "wall street journal" by an by n egyptian official, saying some of these muslim brotherhood folks are still around and empowered by our support and causing all kinds of mischief in the middle east because of that. >> i think obama administration and the bush administration made the same mistake. they won't admit they made the same mistake. they both went armed toppling dictators with no idea what happens next. whether toppling dictators in afghanistan. david: nothing will be worse than so-and-so and of course somebody else is. >> it always is. libya is jihadi chaos in benghazi. egypt has a threat from radical extra -- extremists it didn't have before. david: we have to go but you teased me, you said you're still optimistic. why? >> i think the united states is
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on the verge of an economic renaissance if we bring the tax money back to the united states, invest in infrastructure. david: two trillion. >> and new industries and we would be doing that as rest of the world has real difficulty. david: kt mcfarland, still optimistic despite all the problems. melissa: happy warrior. while louisiana is trying to get back on its feet following the deadly floods, hillary clinton is fund-raising with celebrities. look at those happy shots. louisiana congressman john fleming is here next to weigh in. david: kind of funny there. donald trump saying he may soften his stance on immigration but will it have any impact on voters at the polls, particularly his base? we'll getting into that coming next. >> i'm going to suspend immigration wherever effective screening can not take place, and i am going to institute a new idealogical screening program to keep out people who don't share our values of love and respect.
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rhetoric when it comes to immigration. his strong tone on forcing illegal immigrants out of the country has changed since he first announced his candidacy. is this a new donald trump we are seeing? >> we're going to take people that are here illegally, and we're going to move them out. got to move them out. start right away. we're not going to allow them, if i win they have to go back, they are going to have to go back. there certainly can be a softening. we want people. we have some great people in country. we have some great, great people in it country. but we're going to follow the laws of this country. david: so, while the mainstream media is predicting that a trump shift on immigration will hurt him with his base, rush limbaugh today said, such talk is just wishful thinking on their part. >> trump supporters don't care what he does or what he says because there is no way they are
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going to do anything that helps elect hillary clinton. david: that was pretty clear. so can trump soften his views on immigration and still hold on to his base? noelle nikpour, gop donor and steve murphy, democratic strategist join me now. noelle, rush thinks this will not hurt him with his base. you think what? >> i think two things. number one, if you replace the word softening on immigration and replace it with something like reasonable immigration, when anyone runs for an office they need to make bullet points, his claim to fame was wall keeping out bad guys. not keeping out everybody that wants to come to this country. i think fact he wants to soften it up a bit is only talking about people that, you know are here legally, that are in the country, that have businesses, that are already established. he is not talking about keeping -- david: i understand. i want to talk about what sort
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of meme of the mainstream mead you yaw today, somehow he is disillusioning his base, changing, softening his views on immigration. rush says absolutely not. that base is so anti-hillary will not be shifted. what do you think? >> i think rush is probably right. i don't think his base is going anywhere, but it is also not going to expand one bit. that is what he needs to do. david: but -- forgive me for interrupting thank you for answering the first part. i want to throw in a second part here. since he has been softening his tone past week 1/2 his numbers have been improving. he dropped very deeply after the convention but his numbers have been improving recently. is that because he is drawing in more from the outside? >> no, his numbers are not improving. david: they are. i'm sorry, we're showing them right now. >> his numbers are not improving. david: i'm sorry you can't argue with real clear average. it is up on the board. go ahead. >> yes. it is like, 6%.
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with one bad poll in there for hillary, from "the l.a. times.." it's, national numbers are holding steady, and let me point out, that donald trump actually in some of his states, actually overperformed from what mitt romney did four years ago, which gives him a little boost nationally. but in swing states, there is a poll out in florida today, he is 16 points down. he is giving up in colorado. he is giving up in virginia. david: you're absolutely right. noel, it does appear he is improving a bit since he softened his tone. that means bringing in people other than just his base, does it not, quickly. >> yes, absolutely. he already has his loyal supporters. that will not change, and rush is right but where he needs to be presidential and appear a little bit down the middle especially when he talks about immigration, this is where he is winning over some of these republicans that said never trump. david: folks, thank you, stick around. the panel is sticking with us. melissa. melissa: a picture says a thousand words. residents in louisiana recovering from historic
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flooding and hillary clinton is in a photo booth with justin timberlake. they're bringing sexy back. next up the democratic nominee is schmoozing with silicon valley billionaires while the pelican state continues to pick up the pieces. joining me republican congressman john fleming of louisiana. one thing that strikes me, she could have said, if she really cared about the area, she said she doesn't want to come down but doesn't want to disrupt things, could have said money from fund-raiser, she was out with justin timberlake that they would turn the check over to people in louisiana, that would have made an impression, would it, sir? >> melissa, thanks for having me on. we have donald trump who led effort to bring people to louisiana to respond. finally after about a week the president of the united states shows up. and we hear nothing. we see nothing of hillary clinton. and certainly the clinton foundation, isn't that a charitable organization? melissa: yeah.
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i mean what about that? the clinton foundation, we keep hearing that they do wonderful works all around the world, that they're being attacked right now because of money, really what they do is great stuff. they can certainly serve purpose down there as well. have you heard from anyone in the foundation? >> we have heard nothing. look, i've been throughout the state. i was there in baton rouge when the water was rising. melissa, i was in washington, louisiana, i was in denham springs when trump came, which was devastated. it was like, 80, 90% of the community was destroyed as a result of it. and, and then lame excuse that hillary gave, she didn't want to distract with her campaign coming here. melissa: yeah. >> my goodness, the water gone down in most areas. people are now rebuilding. if she wants to show some effort, some support, she should send her several or cash to be here in louisiana with the rest of us. melissa: i would imagine that people that are on the ground there who have had their lives
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torn apart and destroyed in some cases are much more concerned about what to do next and how to get on with their lives rather than presidential politics. they probably don't care about that at all. are they noticing really who is there or who is not? >> oh, absolutely. look the mayor of denham springs, maryland dry told me, that after five days, that is where the worst hit was for this flood, they hadn't seen fema any place. and in fact, very little of any official federal workers. but on the other hand, faith based groups were there within 24 hours. so i would say to you that, as people helping people. it is citizens. it is friends, it is families helping each other that made the difference in louisiana but louisiana still needs a lot. melissa: interesting that you say that, because one of the distinctions the president continued to make he shrugged off any comparisons between him and bush because he said, the criticism about bush physically
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not being on the ground early also had to do with the fact that the federal government was not responding and helping. in this case while he wasn't there personally right away, that the federal response has been heralded as outstanding. you sound like you're disagreeing with that. >> no, not at all. i was ground zero in denham springs, the same time donald trump was there. this was the worst-hit area in south louisiana. flooding at 1000 years levels, and the mayor told me, and i didn't see any evidence of them either, when i was there after a about four or five days. he said that fema hadn't been there. he hadn't seen the national guard. the water, the food, all of that was brought by local citizens and by faith based groups as far as away as pennsylvania but no federal officials. >> we're staying on top of the story and trying to get your message out daily. thank you for coming on. we appreciate it. best wishes to you. >> thank you, melissa. david: we are staying on top of another story coming from iran. senior defense officials are
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confirming to fox news that four military vessels from iran carried out, quote, a high speed intercept of a united states destroyer. now we're hearing specifics that the iranian vessels came within 300 yards of the uss nimitz in action that was quote unsafe and unprofessional. this is according to our sources within the pentagon. so we're, more of this information is dribbling out. we will continue to give it to you as soon as we get it right here on fox. melissa: italy stole -- still searching for survivors after an earthquake rocked the country last night. 120 people are dead and some villages are completely destroyed. devastatingly another earthquake in burma, leaving multiple people dead, damaging 100 ancient buddhist pa go ahead todays. we'll keep you updated on any information -- pagoass.
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david: parents sounding alarm about a new exemption in schools, one slamming it as the dumbest thing he has ever read. the government is on its way with a $120 million cheese bailout. everything just stopped.
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we can see all the bacteria that still exists. works in just 3 minutes, polident's unique micro clean formul killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day. melissa: permission for the pledge. parents in florida fuming after a tallahassee school sent home a waiver to opt out of the pledge of allegiance. the story went viral after man post ad photo of the slip on facebook. he expressed his outrage on fox news, listen. >> when parents send home
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waivers opts out of the kid, what if the kid wants to stand for the pledge of allegiance, then what? are you going to have the teacher tell the student to sit? we've been bending over backwards enough in this country. melissa: here is todd starnes, fox news radio host. so this all started with a law in florida. people should know. that said that what was the law again? it said legislature said written notice published in the handbook they have the right not to participate in the pledge. so they took that one step further, not only do you have the right not to, here is waiver sent home and parents can opt out? >> that's right. they can opt their child out of the pledge of allegiance. you would expect this godless nonsense in berkeley, california, but we're talking about tallahassee, florida, leon county, florida. people were really upset about this the guy got this message, text message from his sister-in-law, it is her kid, in second grade. he posted it on facebook.
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that thing took off faster than michael phelps in the kiddie pool. people resonated with this issue. melissa: it had a backlash. couple different levels. i remember the pledge of allegiance at my days. my kids are doing it. everybody standing up doing it together, not only about america, respecting country but order in the school. >> light. melissa: it was the moment where you stopped throwing spit balls at each other. when you sat down, teacher took control of the class. it is more than a queue. >> we used to pray before we said the pledge of allegiance. it also teaches kids about patriotism and love of country. that is something very important and quite frankly something we need in this country. the public schools for better or for worse are out there teaching kids that america is not necessarily an exceptional nation. maybe we are responsible for many of the problems that the world is facing. when something like this happens, it becomes a big deal
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even if it was maybe just an overreaction to the state law. melissa: so that was part of the response. when you look through it on the web, and on social media, people were saying it is almost a facial it thing. that we have kids stand up with the hand over their heart, swear allegiance, that something creepy and scary about, that, children saying i pledge allegiance to the flag. what do you think about that? >> i think that is a load of who which. a lot of people in this country try to indock tin trait kids. melissa: that is not indoctrine nating kids? >> i don't think it is. it is teaching kids about the foundation what is makes america great. yahoos at donald trump rallies, going out there burning american flag, burning old glory. go after those folks. melissa: get some sweet tea. i will be there to join you. >> i bring you a jug of sweet tea. melissa: please do. david? david: talk about a cheesy government bailout, the agriculture department talking about a 120 million-dollar
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bailout for cheese producers. cheese surplus at 30-year high. the government is purchasing 11 million pounds of cheese. it will be distributed to food banks across the country. melissa, who knew there was cheese crisis. melissa: i know a lot of people could do something about cheese surplus to help were that. i don't know it is that big of a problem but there you go. growing allegations that the clinton foundation is a scam! some members of the mainstream media are calling to end the organization. whether it's bringing cutting-edge wifi to 35,000 fans...
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david: both sides now are responding to that ap report. the clinton camp demanding a correction to the tweet ap sent promoting report, more than half those who met clinton as cabinet
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secretary gave money to the clinton foundation. ap is defending its report saying it was based on mrs. clinton's calendars covering entirety of her tenure as secretary of state. more detailed schedules of meetings and phone calls covering roughly half that period. calls to get rid of the foundation are growing. "usa today" editorial board publishing an article with headline, mothball the clinton foundation. this is our view. let's bring in noelle nikpour and steve murphy. steve, "usa today" is not part of a right-wing cabal against the clintons, i think you would agree with that. let me read a little more what they said. the only way to eliminate the odor surrounding the foundation is to wind it down, put it in mothballs, starting today, and transfer its important charitable work to another large american charity. what is wrong with that? >> what is the odor surrounding the foundation? david: what is the odor? >> what have they done people have a big problem with it.
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david: shall we list the ways. >> fighting poverty and disease in africa? economic and development and empowerment of women around the world? what did hillary clinton ever do inappropriately as a result of a contribution or a meeting? david: i will take that as no to "usa today." >> yes. that is a no. david: specifically i asked the question what have they done. it is embodiment what a lot of people call crony capitalism. money -- >> it is not capitalist. david: a organization related to secretary of the state, while the secretary of state is dealing with things like skoal cove have foundation in russia. like the swedish companies that were violating iranian embargo at the same time the clinton foundation was getting money from the swedish lottery which is a part of the government. there is a whole slew of things that are wrong or at least appear wrong with the clinton foundation. isn't that why it should be shut down? >> yes. and you know, it's a culture of corruption, you number one. number two, there were only
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number of things you can do to correct anything about this culture of corruption with the clinton foundation. number one, is to, you know, look at taking a cap on donations of maybe something small like $5,000 capping it. number two, it is to take some of these foreign money they received and apply it towards an american disaster like louisiana. and number three, maybe to only take in kind donations such as food and water such not. there is not a lot that the clinton foundation can do. who really after, you know, after all of the scandal is really going to want to give to the foundation unless it is some sort of a foreign entity which is just bad. david: steve, is there anything that you have read about the clinton foundation, i'm sure you're up to speed on all different things, stuff with frank, ian telfer, a whole lot of business people taking benefits from the state department at same time they were giving their benefits to the clinton foundation, anything there bother you at all? >> the clinton foundation as has an "a" rating as charity. david: hold on.
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whoa, whoa, wait a minute. they're not rated by the foundation that rates charities. they're not rated. that foundation does not know how to describe what the clinton foundation is. how can you say that? >> i don't know of anything that foundation has done wrong. all they do is try to help people around the world. david: that is answer to the question, perfect. steve, nicole, thank you very much. good to talk to both of you. melissa? melissa: good news, bad news for one minor league baseball player. why he wasn't celebrating this grand slam for long. ♪
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. >> hitting a grand slam right into your own windshield. >> oh, no! >> he realized his home run smashed his own truck that was
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parked in the parking lot. . what's worse, his team did end up winning the game. >> it is worth it in the end. the cape cod league, a wonderful baseball league, you don't park in the parking lot there. he made a mistake. that does it for us. "risk & reward" starts right now. >> this wasn't such nefarious deal. >> we do not pay ransom. we did not here and won't in the future. >> in basic english you are saying you wouldn't give them the 400 million in cash until the prisoners were released, correct? >> that's correct. deirdre: $400 million payment to iran was made at the same time that american hostages were released. now there's a new report that the u.s. paid a $1.3 billion in interest to iran. this is "risk & reward," i'm deirdre bolton. the money settles a dispute from the 1970s when the

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