tv After the Bell FOX Business September 12, 2016 4:00pm-5:01pm EDT
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volatility whether it is 60 or 30 but we'll see a lot of movement back and forth on different policies. [closing bell rings] liz: here is the closing bell, terry. you get to prespied over 240 point gain. >> thank god. liz: terry duffy. here is david and melissa for the "countdown to the closing bell." david: good to see you, terry. dow ending up nearly 240 points. 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 coming up this hour. donald trump firing back at hillary clinton this afternoon in response to her calling half of his supporters millions of americans that is, deplorables. nor what he had to say there. this as clinton and her camp are coming under fire from both sides of the aisle for their lack of transparency over her health condiur to try to avoid g
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threat. we'll take you live to the white house as well. david: maybe a little politics involved in that. get back to the markets. dow bouncing back from friday's 400 point drop. dropped by proctor & gamble, coca-cola and you can't forget about the fed. oil following stocks higher. phil flynn, fox business contributor has the story from the cme. ashley webster on the floor of the new york stock exchange. ashley, was it all fed talk that did it? >> pretty much, david. best news they enter black out period where they can't say anything from september 21st when they start to meet next when they come out from the decision. we don't want to hear from them anymore. certainly traders here on the floor have been tearing their hair out over the fed for years.
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now they say they have no credibility. certainly markets are paying attention, up 239 on the dow. look at intraday here. this is the s&p finishing up 1 1/2%, but as you mentioned losing 400 points on the dow, last friday and perhaps one of the biggest stories, the vix, volatility index, was up 40% friday dropped by 13%. prepare, what about mining coming back? up 7%. not bad for a mining stock after losing 15% last month. wynn resorts. chesapeake energy up five. perrigo, this is dublin-based pharma company, biggest gainer of the day up 7 1/3%. activists on the board will shake it up. what a difference a weekend makes, 4hours.
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-- 48 hours. melissa: absolutely, thanks, ashley. phil? >> dave hit it right on the head. last week the stock market was tanking so did oil. there was a lot of concerns about demand and those demands came out in that, concerns came out in the opec report. as liz just mentioned opec actually mentioned global central bankers as big influence in the price of oil. that is a big change from what we've seen in the from opec in the past. the other thing from the opec report that was a little bearish we would have been a little higher, they lowered demand expectations for their oil and raised production estimates. opec saying more supply, less demand for their oil. you better be careful. i think they're laying groundwork for production freeze. they're putting their best foot forward. we'll see what happens. melissa: you're right, phil, that is exactly what that sounds like they're setting up for. interesting turn of events. thank you for that. david?
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david: let's bring in today's market panel. jason rotman, lido isle advisors and liz peek from the financial times. good to see you both. explain to me why the market went bananas over dovish comments from the most dovish fed official ever in history? i mean, what's unexpected about what this woman said? >> it's really just a pavlovian response. if you bought dips any point since the global financial crisis you would have done well. that doesn't fed stimulus, ecb, u.s. fed, et cetera. things are changing. global bond yields are going higher. david: let me get it straight. you think it was less the fact what this fed official said which wasn't that surprising than it was people buying on the dip? >> of course. i'm saying it is 50/50, more after dip buy mentality looking for a reason to buy. brainard came out, said whatever she said.
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she is in the minority, mind you. i think cooler heads will prevail. this is not a dead-cat bounce. we'll not keep going higher. david: she is in the minority but hillary clinton may use her as her treasury secretary if she becomes president. the fed was created to protect the little guy from the wild financiers of wall street. hasn't it completely turned on its head now? it serving wall street interests for the sake of the little guy? >> they have been in this uber low interest rate move. they kept rates down except for a little hiccup at the end of last year. who has that benefited? stock markets are up 60% since the last time they increased rates since 2006. they more than doubled lows in financial crisis. what happened in middle america? incomes are stagnant. retirees are in dreadful shape.
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you never hear the administration talk about this. you can't earn decent returns on retirement savings. people are encouraged to take ever more risky positions to get some income. other thing that is happening small businesses are left out to try. i meet people all the time who are running small businesses, buying them and selling them and so forth. they can't get loans. david: right. >> here we have crushed banks in terms of all kinds of requirements but the only people they're lending to at this point is big corporations with credits. david: big corporations as liz just said they can the get loans. they have cozy relationship with big bankers. they can put out bonds that the little guys can't do. >> right. david: let's face it, it is small and medium-sized businesses that are really the heart of this economy. if you just try to benefit the big guys as the fed seems to be doing, you will not have a strong economy. >> listen, that is honestly, david, that is extreme statement. where have we gone since 2008? look at the housing starts.
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it is not like retail sales are negative 10% -- david: hold on a second, come on, jason. we have less than 2% for the past seven years. that is not acceptable in any way, shape or form? >> well, listen, it's growth. honestly it's growth. people have done well. david: that is the overall, the point is, is that the overall economy has done squat while a few people who have these connections with the big bankers and fed, liz, are doing well? >> well, you can't argue that incomes have gone up the way they should after a financial crisis or a recession, and the growth has been stymied. what is the problem? the problem is there are far too few people working. that is why wages haven't gone up. the participation rate is far too low. there is no push to wages. democrats want to simply wave a magic wand and raise minimum wage. david: doesn't work that well. >> and you need growth in the economy. david: folks, hang in there for
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a second because not all of the big bankers get it wrong on this issue, from my perspecktive anyway. jpmorgan ceo jamie dimon weighing in on a rate hike this afternoon in d.c. take a listen. >> 25 basis points is drop in the buck k we say to you all 25 basis points, go really slow. don't worry about it. let's just raise rates. >> so raise it -- >> i think, you don't want to be behind the eight ball on this one. fed has to maintain credibility. i think it is time to raise rates. david: jamie dimon adding returning to normal sooner, rather than later is actually a good thing, melissa. melissa: absolutely. investors on edge over the uncertainty of rate hikes but what about uncertainty with the election? are stocks shrugging off concerns over hillary clinton's health? jason and liz are back with us. jason, this morning coming out of the weekend, we had a lost selling on friday. there were a lost blogs talking about the fact that hillary clinton looks less certain to
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win the election. they were expecting a selloff today. that didn't happen. the fed talk overshadowed it, you but is the presidential race putting a lot of uncertainty book into the market? >> sure, of course. i think especially from a currency standpoint. keep in mind, presidential election year or not, kind of beating a dead horse saying this, it is really still all about the fed. they create the supply. they create the rate. getting back to your question, the markets are very, very uncertain how next four years will look from a trade standpoint, from a mexico wall standpoint, from a u.s. dollar standpoint. >> hang on one second. liz, even if it is all about the fed, that really goes back to these two candidates because the thought was it will be a lay up for hillary clinton. she is good for wall street. she is good for the fed. she will keep the punch bowl in place. wall street knows they can count on her. she has done a lot of speeches there. they have easy act esses to her.
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they have a lot of influence over her. donald trump is more after wildcard. he might bring economic growth. who knows what he will do with the fed. this is what the chatter is like. what do you think? >> that is right. the market doesn't like unpredictability. doesn't like uncertainty. my view would be electing hillary clinton and the promise of four more years of sluggish growth, talking about higher corporate tax rates, honestly i don't know why she is pushing that idea. i can't imagine that that is good for the stock market. i don't think it is good for the economy. we need to have tax reform. we need lower corporate rate, some the things donald trump is talking about. he may be a source of uncertainty but honestly think he would be a source of energy. maybe the country would feel like a reboot is taking place. a little more excitement in the air. election of hillary would be sort of a undoer. i can't see that works very well for economy or stock market. david: bring it from macro to micro. one company in particular, samsung urging consumers to
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power down the galaxy note 7s, exchange them immediately. this is after instances of phones catching fire. even one exploding in a 6-year-old boy's hands. melissa: oh, my gosh. david: samsung has lost $26 billion in market value since the initial recall of the galaxy note 7. jason, how does samsung -- this is disaster. how do they turn it around? >> it is. couple things come to mind this is samsung's chipolte moment. i will be the first one to coin that phrase. this turnaround lower is not going to mirror today's stock market bounce higher. we'll not see a samsung rally tomorrow. this is a big deal. david: look at that. >> nobody will want to buy samsung tomorrow or -- david: liz, i have to go quickly. doesn't the market still want something cheaper from the iphone? >> this is like a horse race being won by a thoroughbred who comes up lame. galaxy and samsung were doing
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well this is tragic event from them. they were really outpacing apple, even apple's new phone with catch-up measure in my view, trying to get some of the things that the galaxy had. this is really tough thing. melissa: yeah. >> there are more stories out every day. last one i read, it exploded in someone's pocket. david: oh, man, that would be nasty surprise. liz, jason, thank you both. >> sure. melissa: to avoid this looming threat. we'll take you live to the white house. david: meanwhile house republicans are divided over whether to impeach the irs commissioner. house freedom caucus member john fleming leading the charge to remove john kiss ken none from his post. he joins us later this hour to make his case. melissa: donald trump firing
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back to her calling half of his supporters deplorables. former candidate mike huckabee weighs in. >> hillary clinton called tens of millions of americans deplorable. people like you, you, you, deplorable? you know what is deplorable? hillary clinton viciously demonizing hard-working people like you. remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in.
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peter barnes is at white house with the very latest. peter, how does politics worm its way in here? reporter: listening to you before the break. you know what, all i wanted to say, david, groundhog day, right? david: that's right. >> the president is meeting with house speaker paul ryan, senate majority leader mitch mcconnell, and minority leader harry reid and minority leader nancy pelosi, according to the release. the top priority for this meeting is coming up with a short-term budget agreement, so-called continuing revolution. revolution. resolution, before september 30th before the end of the fiscal year. without one there could be another government shutdown five weeks or so before election day. as we've seen in the past, voters generally don't rewarded politicians who vote to shut down the government with their votes. so all sides want to reach a deal. but a billion dollars in funding to help spread the, fight the
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spread of the zika virus seems to be the hang upright now. last week senate democrats shut down a vote on a bill for 1.1 billion in extra funding to fight zika because it wouldn't fund planned parenthood, and that was at the insistence of some republicans, but, zika is spread in some cases through sexual contact. so the democrats want to fund contraseparate shun. for right now, this fight, the white house is tipping little of its ha. >> it continues to be our view that the continuing resolution should be short and not freighted with kind of idealogical riders that, have led to a government shutdown in the past, to put it bluntly. reporter: now, mitch mcconnell is trying to negotiate a bill that would fund the government through december 9th. dade, you were talking about the
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politicians want to get this done and get out of town, get back home to campaign. david: no matter how much of our money they spend doing it, right? reporter: they will try to address it all, lame duck, funding for rest of the fiscal year. david: easy to spend other people's money. peter, thank you very much. melissa? melissa: hillary clinton's health scare, critics calling for the democratic nominee to release her medical records. does this pose another trust issue with voters? plus, the new battlegrounds in the race for the white house. why donald trump is in danger of losing some key red states. we'll look at that. >> arizona and georgia have been comfortably in the republican column. for him to be narrowly ahead is a concern. he can't afford to lose 11 electoral votes in arizona or 16 in georgia. so what else is new? how's your mother?
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david: news of the day, new details surrounding hillary clinton's health. campaign spokesman saying the democratic nominee will release additional medical records this week after waiting a few days before announcing her friday diagnosis of pneumonia. fox news's jennifer griffin is live near clinton's home in chappaqua, new york, with the latest. hi, jennifer? reporter: david, aides say she is resting at home and feeling better today. they regret kept the press in the dark for 90 minutes. they said, quote, we could have done better. surrogates such as vice president joe biden are out speaking on behalf of hillary clinton. biden was in north carolina today, which he described how he had had pneumonia in the past and that he said that hillary had been extremely transparent about her health up until this point. he said, quote, with regards to his own pneumonia, you take antibiotics, you rest a bit.
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i'm encouraging her, he said if the doctor says take three days off, take six days off. new york city senator chuck schumer said he recently recovered from pneumonia after rest and lighter schedule. her running mate tim kaine tried to reassure voters in ohio. >> i had reached out to communicate to her and she reached right back out to me said, no, i'm going to be fine. i know you're thinking about her, i am too. i tell you this. i've just been on the campaign since july 22. hillary clinton has been on the campaign trail for 18 months. her energy staggers me. reporter: we've just learned, david, that about half a dozen of her senior staff have been down with a bug in recent weeks. it has been a very, series of illnesses among everyone from her campaign manager, robby mook, who, i'm told may be facing a recurrence of that bug
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that he had a few weeks ago, as well as john podesta, her campaign chairman, her communications chief, general palmieri, who was traveling with us on the clinton plane last week. i'm told she is out sick today. about half a dozen people, a bug seems to be sweeping through that campaign office. back to you, david. david: just to clarify, jennifer, this bug they say was sweeping through the campaign, it is not associated with her pneumonia, correct? pneumonia is not the same as the bug that was sweeping through, that they say was sweeping through? reporter: her campaign spokesman tell me it is not related to hillary clinton's pneumonia. david: right. reporter: however, we know that bugs can lead to pneumonia. it has been so unclear up until this point. her doctor said that her particular pneumonia was related to her allergies, however. back to you. david: jennifer, thank you very much. appreciate it. melissa. melissa: let's bring in our political panel. fred barnes of "the weekly standard."
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mercedes schlapp, former gw bush spokesperson. fox news contributors. we have marc ober man, former obama fund-raiser. fred, the problem in my mind the story keeps changing. as i was following over the weekend, even into last week when she had the coughing fit, it's a different, steadfast explanation over and over again but totally contradicts what you heard before and it follows a pattern of everything that happens with the clintons. it was allergies. it was dehydration. now it is pneumonia. now half her staff has a bug. isn't that part of the problem, the honest think factor, fred. >> of course it is. nobody in this universe will believe joe biden when she has been transparent about her health. quite the contrary. go back to the beginning. okay, she was diagnosed with a pneumonia on friday. did they tell the press? of course they didn't tell the press. sheen she has a problem. gets woozy on sunday.
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and she is taken out. to have her, to be picked up. do they let the press come with her, her traveling press? no. they pen them back. then, then, melissa, she collapses. do they take her? you would i this, gee we got to get her to a doctor, quickly. let's get her to the emergency room. they take her to chelsea's place. that is very suspicious conduct. and, it is anything but transparent. melissa: yeah. no, absolutely. mercedes, they said, very hot, she is dehydrated. >> right. melissa: in manhattan today, it is stunning, about 70 degrees. we all have sweaters on. it is fall. it is not this hot summer where you will stand out there and faint. but if you ask, if you question, it is either that you're sexist and you're questioning her because she is woman, or you're part of some crazy conspiracy as opposed you're just asking the question because you're a journalist. >> i think it is very fair question to ask.
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i think the hillary campaign has an illness of secrecy and of cover-up and, it boggles your mind. it is one thing that you're dealing with the email scandal, the clinton foundation. another thing when you're dealing with a health issue i think americans for the most part would actually be sympathetic towards the fact that, look this lady has been on the campaign trail. she has got pneumonia. people have gone through pneumonia before. why not be just, transparent, be straightforward. not only with the press but with the the public. i think it really was a big mistake by the campaign. that is why it has blown up into the proportion we're seeing it. melissa: mark a new poll out this morning, abc, "washington post." had her ahead by five points. moment it came out yes, but this doesn't factor in very big events that happened over the weekend. do you think that both this and the basket of deplorables together take a bite out of these numbers we're looking at? >> melissa, i would still rather be her than him.
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she is still ahead in the average of all the polls. she has a ground game that is worth two points. so even if it were tied, she would be plus two. and the map is very friendly. you know it trends blue. having said all of that, sure, it will get tighter yet again now. and she has to stop lawyering this stuff. she has to talk straight to the american people, tell them what's going on. melissa: right. >> i think she will be fine. melissa: all right. thanks to all three of you, appreciate your time. david. david: straight talk. we could all use it. melissa: stop lawyering. good expression, describing what she is doing, yeah. david: the world has a new most interesting man but what does it take to win that coveted title? melissa: plus donald trump looking to capitalize on hillary clinton's comment calling many of his supporters deplorable, he is running with it. former governor mike huckabee sounds off next. at fedex has hes simplify our e-commerce, we could focus on bigger issues, like our passive aggressive environment. we're not passive aggressive. hey, hey, hey,
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there are no bad suggestions here... no matter how lame they are. well said, ann. i've always admired how you just say what's in your head, without thinking. very brave. good point ted. you're living proof that looks aren't everything. thank you. welcome. so, fedex helped simplify our e-commerce business and this is not a passive aggressive environment. i just wanted to say, you guys are doing a great job. what's that supposed to mean? fedex. helping small business simplify e-commerce. but are you gonna bring fiup that stock again? well you need to think about selling some of it. my dad gave me those shares, you know. he ran that company. i get it. but you know i think you own too much. gotta manage your risk. and you've gotta switch to decaf. an honest opinion, even if you disagree. with 13,000 financial advisors, it's how edward jones makes sense of investing.
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whenpneumococcal pneumonia, it was huge for everybody. she just started to decline rapidly. i was rushed to the hospital. my symptoms were devastating. the doctor said, "pam! if you'd waited two more days, you would've died." pneumococcal pneumonia almost took me from them. if i had known that a vaccine could have helped prevent this, i would have asked my doctor about it. juswho own them,ople
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melissa: stocks soaring today on the back of fed comments but traders say algorithms are playing a big role in today's rally as well as always. that is very smart analysis. ashley, take it away. >> melissa, interesting not just one but several traders are saying in the old days it was all human eye motion, buy and sell but algorithms have become such, friday, the algorithms are keyed in to key words these fed presidents say. once you get combination of
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those words or x number of tiles a particular word is said, then a sell button is literally triggered. he said, look we lost 400 points on friday. if it were not for the algorithms at some point in the old days they would have jumped back in nibbled at some of the stocks and pared some of the losses. same today. all of sudden we go on the upside, to david's point that made that earlier, someone who is reknowned dove, guess what, i'm still dovish. all of sudden because of those words the algorithms say all right, more easy money, monetary policy, buy, buy. that is the world we live in today. very quickly other piece of news. weight watchers ceo james chambers has told the board, he is resigning, to do the ever popular pursue other opportunity. he had been with weight watchers just over he three years. no reason given as to why he is leaving. but, the company is saying he did a very good job, turning the company around and don't forget getting that partnership with
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oprah winfrey. guys? melissa: great analysis, ashley. thank you for all of that. >> my pleasure. >> our support comes from every part of america, and every walk of life. these were among the countless americans that hillary clinton called, deplorable, irredeem ann, and un-american. david: donald trump speaking to hillary clinton's use of the word deplorable to talk about half of trump's supporters. with more, here governor mike huckabee, former governor of arkansas and former presidential candidate. he is also a fox news contributor. governor, trump says this is the biggest mistake of the 2016 campaign. do you agree? >> i totally agree, david, because it shows what the contempt she has for the great unwashed. in other words, all the people of america who can't go to the fund-raiser where she made this ridiculous comment, because it was filled with a bunch of billionaires and millionaires. her crowd, it is an elitest,
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snobbish, despicable thing to say about the american people. david: she pulled back. she says, she admits she was grossly negligent. it is not 50% of trump supporters who are racist, et cetera. is this going to help her at all, this pullback, in some ways does it make it worse? >> she can't unring that bell. fit is not half, how many? is it 25%, 15, 10, how many are so despicable and irredeemable. those are harsh words, david. that is not like saying he has some people who are vulgar. he has some people who are a little bit on the maybe kooky side. david: this is further than that. >> deplorable, only way either candidate will win, getting middle, getting independents in the middle, ones who are not committed and they don't like it, americans particularly, middle of the road americans don't like it when candidate is calling 1/3 of the public racist or some other bad name.
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>> well, and you got to remember why are they called that? because they're racist? because they believe in strong borders? they are homophobes because they're bible-believing christians that to to church every sunday and still hold to the position hillary herse held into in 2008 until she politically changed her mind because it was better for votes and donors? i mean that is what so amazing about this. it is not just what she said, it is context which she said it and the people whom she said it. david: governor, i have to get you quickly to respond to a question about her sickness. could her sickness, her announcement that she has pneumonia, could that actually work in her favor, get her sympathy votes, what do you think? >> no, i don't think so, because, you know, it wasn't announced about pneumonia until this very frightening video that everybody saw on sunday. you know he, there has not been transparency. she has been about as clear of her health as she has been about what happened to all those thousands of e-mails.
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it just further adds to the fact that hillary believes she doesn't have to stand up, be accountable tell the truth. worst thing he she could have this question about not her health but about her integrity to he will it truth what is going on. david: we hope she recovers quickly. governor huckabee, thank you very much. melissa. melissa: contest is tightening between hillary clinton and donald trump in new battleground states as we get closer to election day. "wall street journal"/nbc poll, race nearly even in arizona, georgia, nevada and new hampshire. the panel is back with us. fred, what do you make of this? some of these places looking at arizona, he is up by one but should be a lay up for republicans. what do you make of the four battleground locations? >> i think trump has to win arizona and george that. there is no question about it. this poll shows that clinton has been closer than earlier.
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nevada and new hampshire don't have that many electoral votes. not quite that important. if i saw that, if i were with the trump campaign i would be a little worried about those numbers in critical states like arizona and georgia. melissa: absolutely. mercedes, there is so much focus on places like florida and ohio. they say if you don't win ohio you can't win the election. florida, on the other hand a swing state but so many electoral votes. >> sure. melissa: are those the two most critical locations? >> yeah. i think for donald trump, those two states as well as north carolina, are critical. you want to be able to win the state has romney won back in 2012, in addition to that you have to win pennsylvania or virginia, which i think will be tougher for donald trump. heso, has a challenge at this point, in trying to gain that momentum, especially in the rust belt states like pennsylvania, michigan, where they put a lot, putting a lot of resources if into those states. melissa: mark, this is how the story has gone. now okay, he closed gap.
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before it was going to be a total wipe out. going to be a historic loss. wide polls, in national race he is neck-and-neck but really doesn't have enough of states, electoral states he is still going to lose. if you were him what state would you focus on the most or two states? >> well i'm not that experienced at giving donald trump advice about this campaign, melissa, but i would focus on pennsylvania. without pennsylvania, the path for donald trump to 270 is nearly impossible. he has to run the table of north carolina, florida, ohio, and maybe wisconsin, michigan or more. melissa: yeah. >> so pennsylvania, win pennsylvania goes early on election night for secretary clinton i think that is the ball game. melissa: we'll see. thanks to all three of you. appreciate your time. david. david: it is an important state, no doubt. controversial 9/11 bill is expected to be dropped on the
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president's desk and he has his veto pen ready, that is what he says. is there enough support to override the veto?four yea gathering to remember 9/11 and then you totaled him. you two had been through everything together. two boyfriends, three jobs... you're like nothing can replace brad. then liberty mutual calls... and you break into your happy dance. if you sign up for better car replacement™, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. liberty stands with you™. liberty mutual insurance. whether it's connecting one of or bringing wifi to 65,000 fans. campuses. businesses count on communication, and communication counts on centurylink.
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♪jake reese, "day to feel alive"♪ melissa: commemorating those we lost on september 11th, bgc partners holding its annual star-studded charity event on wall street. our own lauren simonetti joins us live from the event in manhattan. tell us about the the event today. reporter: hey, melissa. lots of trades happening here on the floor. early indications are, melissa, they made more this year than they did last year, which was $12 million. eli and peyton manning started the day. they brought in a lot of money. donald trump came here and traded foreign exchange and
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athletes as welcoming down here. we caught up with the actress from the showtime hit, "billions." >> i've having so much fun. i've been trading away. i made a billion pesos. >> you want to get rid of alzheimer's. i'm here to help raise money. >> we all have charity in our hearts, especially this time of year. i woke up yesterday in new york. the sky was blue as it was in 9/11. reminded me of that day. when i got invited here i couldn't turn that down. reporter: here's the thing. everybody remembers exactly where they were on 9/11, and what it felt like that day. i mean none of them know exactly what they traded, come on. they know they brought in some money. about 137 million and counting brought in on charity day. melissa, i want to leave you with a beautiful thought. 658 workers at bgc and cantor fitzgerald lost their
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lives 15 years ago. 60 of their children work for the company today. melissa. melissa: wow. all right. lauren, thank you for that. david. david: huge loss.ugh the house and senate already. the bill would allow families of terror victims to sue the saudi government. congressional leaders saying they would likely try to override the presidential veto. may have sufficient support. if congress does override the veto it, would be the first time for the obama administration. never had a veto overridden. melissa: interesting. new accusations that the irs is not working for you. david: oh, yeah, oh, yeah? melissa: house republicans are calling for impeachment of the agency. we'll talk to the man behind the charge, representative john fleming. that is coming up. when it comes to healthcare, seconds can mean the difference between life and death.
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go long™. ♪ melissa: hillary clinton just tweeting this note about how she is doing right now. thanks to everyone who has reached out with well-wishes. i am feeling fine and getting better. like anyone who has ever been home sick from work i'm anxious to get back out there. see you on the trail soon. wonder where rest of that came from? on the next tweet but, anyway. there you go. that is what she has to say. david: get well soon, hillary. many house republicans remaining frustrated over irs commissioner john koskinen. some are asking to push him out. republican john phlegming from louisiana is launching an effort to impeach the commissioner. congressman, good to see you. specifically what has he done that is an impeachable offense? >> well, david, very clear. he lied to congress and he did
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not follow the requirements and orders of subpoenas. as soon as he took office after he was confirmed in 2014. within three weeks, 24 how emails and 4 -- 24,000 emails and 422 backup tapes were destroyed. he lied to congress, when he told them, oops, all of sudden all of this evidence has dissolved somehow. there was actually some more backup information which he failed to tell congress about. david: congressman, let me just drill down on something you said, because he lied to congress you say. he also didn't sufficiently answer subpoenas. everybody seems to be doing those things. everybody seems to be defying congress these days, and getting away with it. what has happened to congress as the check dense the other areas of power inside of the beltway? >> the real cite system, david, is for republicans. why are republicans not holding these high-level officials accountable for what they're
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doing? i got to tell you, my constituents, they say why can't the head of the irs be held to the same standard as taxpayers themselves? why is there two levels. david: that is a great question. how do you answer that? >> my answer is, that shouldn't happen. there shouldn't be a pay grade you get above and somehow you're above the law but that is the characteristics of this administration and characteristic of republicans for not pushing back against that. david: okay, very quickly, numbers count. i don't want to get caught in the weeds here, but in the senate you would have to get not only every single republican but 20 democrats voting with you in order to impeach the head of the irs. in an election year, is that really possible? >> well, david, it's a high bar, it is very difficult to achieve, that is not really what is important. what is important we take action, that we do something and what happens after that is really up to the senate. we can't make the senate do the right thing.
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what's important, you know that impeachment or the attempt to begin removal from one's job is in this case, the head of the irs, that is sort of like an indictment in a criminal case. david: it is. >> so all we can do is simply begin the process. david: yeah. but again, just seems like we have lost one of the fundamental cornerstones of our democracy which is this checks and balances that the folks in congress apply. those checks and balances don't seem to work anymore. congressman, leave it at that. let us know how this turns out. >> thank you. melissa: replacing an iconic pitch man. critics calling him the second most influential man in the world. i'm surprised they didn't pick you for this campaign? david: i kind of like the first guy. melissa: we'll talk about it. ugs crazy to open a hotel here. everyone said it's so hard to be a musician, but i can't imagine doing anything else. now that the train makes it easier to get here, the neighborhood is really changing. i'm always hopping on the train, running all over portland.
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it's hard to change pitchmen. the hard-core drinkers are not the same men. i'm a big daniel craig fan with james bond, so i think it's a good idea. melissa: if this tanks, you can always bring the first guy back. i saw both democrats and republicans saying today this basket of deplorables thing, she said it twice and it's intentional. they are changing the conversation is it 50% or is it less. from a marketing standpoint, do you think hillary struck gold with this statement?
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>> i don't think see struck gold in the reason i don't think it makes sense because what she is doing is taking a panel out of his playbook. when you are the leader you never look behind you. even if this goes over well, what i don't like is it adds credence to what he has been doing. because she is doing the same thing. david: isn't the leader defined by momentum? and isn't the momentum be behind trump not hillary? >> he has gone the all the press and all the talk. david: he's gaining momentum on her in the polls. >> when he passes her he becomes the leader.
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he has been playing a unique game. it works for him, it won't work for anybody else. david: rise be and reour * starts right -- "risk and reward" starts right now. >> [coughing]er time i think about -- every time i think about trump i get allergic. liz: hillary clinton canceling campaign events she had planned on the west coast. hillary clinton's campaign wiping the schedule clean after the former secretary of state abruptly left the 9/11 memorial in new york as she collapsed
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