tv After the Bell FOX Business March 26, 2018 4:00pm-5:00pm EDT
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market with amazing strong fundamentals behind it but that is the case right now. [closing bell rings] liz: great to see all of you. charles, eric, of course chris. this is what you call a significant rally on wall street. all three major indices snap a three-day losing streak. biggest point gain for the dow in three weeks. david: we'll take it. melissa: the dow closing here session highs up a whopping, look at that 672 points, the biggest-one-day point gain in two weeks. rekaupeing almost all of last week's losses. major averages with largest gains since 2015. david: half what we lost last week in one day. that is pretty good. i'm david asman. glad you could join us. this is "after the bell." take a look at this. 29 out of 30 dow stocks ending in the green. the lone loser was general electric. we know what is happening there. for more what markets are
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getting a big boost, we have phil flynn from the cme in chicago and nicole petallides on floor of new york stock exchange. nicole, when i saw "the wall street journal," the lead story in the "wall street journal" saying trade negotiations there is a lot of good quiet negotiation going on. that is what gave the market hope, no? >> absolutely. right? the fears are gone. now it is cooler heads prevail. that is the whole idea behind this administration. that is what we have seen. we saw a big selloff last week. people are getting in there today. last week biggest selloff since 2016. today we're looking for bargains and buying them up as financials, technology, consumer stocks all jumped today. dow up almost 700 points at one point. this is exciting day on wall street. dow, s&p, nasdaq all snapping
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those recent losing streaks. banks, talks of mergers and acquisitions, jpmorgan and goldman zooks. banks bounced back after getting beat up on friday. here is a look at tech tech apple google after being beaten down. microsoft had the biggest one-day jump since 2015. there were a lot of upgrades. markets held as charles payne said. holding key levels and traders like to see that. look at facebook. turning higher? finished higher. up nearly half of 1%. remains under fire. concerns about user data and how it was handled. this will continues. you can see that facebook, there it is under fire since march 19th. down 7.25%. today facebook squeezes out a gain, 160.06. back to you. melissa: nicole, thank you. phil, stocks are rallying. gold up the fourth day in a row?
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>> it has been incredible and there is a lot of reasons for this gold resurgence the last couple weeks. some people are blaming it of course on the fears of inflation coming back into the marketplace. when you see a big day up in the dow you wonder why. economy is doing good. people are buying goods. that is usually bullish for gold. we have a lot of talk about geopolitical risk and a weak dollar. those are two things in play for gold today. that rallied the market. kept the prices going. this is one of rallies, on gold for a long period of time. friday it was oil, leading the world up on higher. they actually pulled back a little bit. the oil market is still been very strong. strong global demand. the reason why we pulled back today, was on friday there's a lot of fear of geopolitical risk. we heard of private report of rising supplies. back to you. melissa: phil, thank you so much. david. david: comes down to trade.
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fear for a couple of weeks that seems to turn into hope now. fox business's adam shapiro is at the white house with the details. adam, what's changed? >> a couple of things have changed. first the united states has successfully negotiated or renegotiated the trade agreement with south korea. that was confirmed this morning. you might say the trump administration one, south korea, zero, in reality everybody get as little bit of what they want. the trump administration getting what they want. we have china, acknowledgement from secretary mnuchin of
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treasury department, china and united states are negotiating over issues the united states brought to the forefront, the theft by the chinese of intellectual company from u.s. companies forcing transferred of technology to chinese companies. chinese right now at least willing to make concessions allowing u.s. firms into the financial system and also changing some of the licensing agreements but here is what secretary mnuchin said that gave some hope and optimism to investors. >> what fair trade is to open up markets, reduce the tariffs, stopped force technology transfers. these are all things we want to do. but, in a negotiation, you have to be prepared to take action and that is what president trump is doing. >> so you hear the president and administration prepared to take action. the chinese are preparing for action, i.e., maybe a trade war but that seems averted for now. david. david: thanks, adam. melissa: liz peek, "fiscal times" and david dietze, point view management. liz, what do you think of the market? >> i think market was oversold a trade war would crimp us overnight and our economy, with americans sitting down trying to negotiate through some of the
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things are very valid flames by american business the that no big overall repercussion was be felt. we have dozen per week new indicators how strong the economy is. i don't think if there was mini trade it would slow us down very much. melissa: david, seems like the gamble was, we are going to slap all kind of tariffs on steel and everything else, if you don't come to the table and make a better deal on all of these other things that have been happening to american companies in china. it seems like china's response we're coming to the table, we're looking to negotiate. that is what the relief is in the market. do you agree with that? >> absolutely, melissa. we've gone 180 degrees from last week. media was talking about reckless , considered trade war president, now we're seeing that in fact they have gotten the chinese to come to the table. people now are in agreement
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there are a lot of practices intellectual property and so forth, china needs to have their wrist slapped on. it was very savvy move to the sea change and perception i think that is helping drive these markets today. melissa: liz, i feel like two very smart people wrote opinion pieces to this end. one of maybe you, one of them possibly me? we were talking about this last week. maybe what we said might possibly be coming true? >> in terms of the chinese? >> yes. >> about time that the an american president that companies turned blind eye for decades on bad behavior of china because they were so wanting to get into that market. chinese are moving up the value chain. if we'll step into the theft of intellectual property it has to happen now. i think it is gray it we're doing that. melissa: not just the theft,
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david, when they insist on the way in that you turn over intellectual property to china as part of you know, just a negotiation to get into the market. then even then you're not allowed to be a majority owner, it hasn't been fair trade? >> absolutely. we can't let the second largest economy in the world completely disrespect any basic civilization in terms of capitalism and respect for private rights. i'm glad someone finally stood up to it. the strategy is working and markets reflecting that today. david: don't forget the economy getting better. president trump tweeting out the economy is looking really good. it has been many years since we've seen these kind of numbers, underlying strength of companies has perhaps never been better this is business economists are projecting the economy to expand 2.9% in 2018, up 2.5% in december, according to a new national association for business survey and liz, we have next week, we have new earnings reports coming out. i think, and frankly i talked to
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people in the administration, they think, that the economy could surpass that 3% mark. maybe even nearing the 4% mark that president trump is shooting for. what do you think? >> i think leading indicators trend, not only are we going to surpass 3 1/2, 4% growth, but it will last a long time. when the leading indicators hit a new peek, it is usually -- peak, three or four years before you have a recession. it is so much good data, it would take a lot to turn this economy around. david: david, we have to mention how suppressed this economy was last eight years. never growing over three fores for entire eight year term for president obama it is like a pressure cooker and the pressure cooker has been released. there is a lot of steam in there, isn't there? >> as mr. buffett put it, when you stop giving your partner 35 cents of every dollar earned,
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reduce that to 21 cents that is a tailwind that can not be minimized. on top of that i would point to the green shoots we're seeing overseas. we have coordinated, globally synchronized recovery. that bodes well for the economy going forward. melissa: facebook in more hot water. senate judiciary committee finally inviting ceo mark zuckerberg to testify in about two weeks from now on data privacy. our own deirdre bolton is live in the newsroom with the latest on all of this. a huge story today, deirdre. >> it's a huge story, melissa. this the beginning of a long uncomfortable chapter for big tech. so the senate judiciary committee as you said formally invited, so they can't really turn this down, facebook mark zuckerberg, twitter see joe, jack dorsey, alphabet google larry page, all to testify on april 10th. these people have to show up in d.c. and field some questions. all these questions or these companies will be questioned how they handle our collective data. how though process it, how they
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protect it. if you're running a business, this is pretty much the last thing you want is government interference or the threat of various kinds of regulation. but this is part of what pushed facebook's shares down are to the week although today, just eking out that gain but for the week still down about 10%. the ftc, a government agency responsible for protecting our privacy confirmed it is investigating facebook. this is the second time that the ftc and facebook have had to sit down together and talk about facebook's privacy practices the first time was in 2011. basically facebook agreed to some user privacy guidelines. so if on this second round facebook is found to have not acted in accordance with those guidelines, let's just assume right now facebook is going to have to pay millions of dollars in fines, if that is proven by the ftc. i also want to throw in, there are two types of class action
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lawsuits already started. one from investors. one from shareholders. then 37 states attorneys general are investigating facebook including new york, massachusetts, california, three very tech-heavy states. so melissa, this is really just the beginning. back to you. melissa: no doubt. deirdre, thank you so much. liz peek and david dietze are back with us. what do you think happens next? now they have been invited formally to sit in front of the senate judiciary committee. facebook's ceo, do you think he goes alone? does he take sheryl sandberg? you know, what does this mean? sheryl sandberg has been noticeably absent to me, leaning out, not leaning in. melissa: unusual for her. >> he will obviously have to show up. i thought it was very interesting that both sandberg and zuckerberg last week said they welcome regulation. maybe they should be regulated. here is one insight into that. what happened after we regulated with big banks?
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they got bigger. all the smaller competitors lost market share. there may be regulation down the road. it will cost facebook and these other companies some money but this is a 40 billion-dollar revenue company. they can afford it. frankly my contention is, there is no way anyone can really get their arms around the data flowing into and out of facebook. it is literally impossible. melissa: david, they want them to come testify. they both seem to have political ambitions. it is very dicey this has to do with you know, political races and here's their company, you know, at the very least, cooperating in handing over data to companies that want to sway political opinion. how do they navigate this? >> i think they have got big problems. it is not just congress they will have to deal with. they have to deal with 50 states attorney generals and deal with hundreds much countries overseas that will come after them. their whole business model will
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be turned upside down. you get free entertainment, give free information. now you no longer can give away the information. it will be like social media, all old guys like myself are watching. i think they have a real big problems. they have a lot of revenue by will not be growing as fast. melissa: liz, what about that? the kids don't care as much about privacy but that is not who facebook really has right now? a lot of younger people may still have pages there and still have their profile but they're not spending as much time there, they're not as focused. it is the next generation older people spending time -- >> ironic, i agree. young people went on to instagram, facebook owns. there will be a next new shiny thing that attacks their interests. that is why i come back the to regulation issue. it is little start-ups that could snag a significant part of the market that could get squashed by regulation. i think the government has to be very careful not to allow this
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very disruptive and disrupting industry to continue to kind of move forward because facebook, guess what? if people don't like what they're providing they will go elsewhere. melissa: yeah. david, i mean, regulation is never the answer in my mind but certainly they will try to get their hooks what is is going on here in washington. they feel like this company hasn't done a good job of policing itself. how do you sort that out? >> exactly. regulation is heavy-handed. that is a sad thing for facebook because it will be ill-considered, do the wrong thing at the wrong time. this will kind of continue. to follow-up on what liz was saying, yeah, young people are not watching facebook as much as they used to but the real problem is, will they continue to attract young silicone tech-savvy young people? of course facebook can not be a cool place to work these days. david: i want to get in on this. here you have a president who has deregulated the economy
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unlike any president we have seen in my lifetime anyway. i don't know anybody before my lifetime has deregulated. 22 regulations he has gotten rid of for everyone new regulation. liz, why do people doubt at all this is a president who would make sure perhaps in fiddling around with facebook he doesn't regulate the internet the way president obama wanted to? >> it may not be up entirely to the president. i mean congress may get their hooks into this too. david: don't you think the president would veto anything that would try to regulate the internet the way that president obama wanted it to be? >> i think you will see a lot of huffing and puffing mostly because the cambridge analytics had to do with the trump campaign. they will be embarrassed to find out, guess what, facebook was working with obama's campaign earlier on. did much the same kind of activity. i actually don't think this will amount to very much. there will be some further privacy, kind kind of accords
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put in place. i don't think it will mean much. david: david, broaden out the discussion, maybe i'm expecting too much, they never act as just one person but they seem to be slowly understanding that this is a president who actually does operate on two different scales. on the one hand he talks loud about regulating things or trade negotiations, whatever it happens to be. on the other hand when the rubber hits the road this is a guy who makes that road as smooth as possible for business? >> i would agrow with that. one thing that wall street can take comfort in, this is a president who does pay a lot of attention to one particular opinion poll, that is how the market and economy is doing. you can be sure over the weekend they redoubled efforts to reach out to china and reach agreements after they saw the tough week the market had. that ultimately that will give the market a tailwind with the support it has from the white house. david: david, thank you very of. let's go to a trader with a
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terrific sense of these things. teddy weisberg has been following trades on wall street -- >> for 100 years. david: a few years. let's put it that way. teddy, what is your sense? the reason we love to have you on you have sixth sense the way the market operates. do you have optimism back in the market? >> you have the wrong person on today. after last week i came in this morning and i was pretty bearish. we saw headlines in the financial press, washington was willing to moderate their position on trade, vis-a-vis china, clearly that was going to be a positive, but, i thought there was so much damage done last night, so much uncertainty created in the markets which the markets can't stand that they would be follow-through today. so i was clearly pleasantly surprised about today's move in. fact, the truth be known, caught kind of flat-footed, i would have been a better seller than buyer this morning. david: teddy, you're the perfect
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person to have on because i'm wondering if you recognize something melissa and i have been talking about for weeks? on one hand president trump comes out with all the doom and gloom about trade. when it comes to actual negotiations you find out for example, with steel and aluminum, it essentially only applies to one country right now, that is china. everybody else got an exemption, no matter what we heard at first. so first glance of some of these things may be off-putting, once you see negotiation take place you realize it will be beneficial for the markets? >> you're absolutely right but it is sort of like the boy who cries wolf. no matter what, the initial approach seems to create this question mark, this atmosphere of uncertainty and for the stock market, in terms of trade, it was a lot of uncertainty. and that aligned with the fact that we have a fed that is going from accommodative to
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restrictive, you know, the markets are just really nervous here, david. david: all right. let me ask, we have to run, teddy, just one final question because you're the perfect person to ask. >> i hope. david: since you came in as a bear this morning, are you going in as bull tomorrow morning? >> no. david: you're still a bear? >> i'm not a a bear but it's a bigger topic than this but i'm just uncomfortable. there are too many crosscurrents here. today's performance is a perfect example of it. we can have upside volatility just we can have downside volatility. i like the way they closed, so we ought to have them buy into the morning but i'm still a little nervous. david: gotcha. good stuff. tedly weisberg, always a pleasure to see you, my friend. thank you very much. >> thank you. >> we are going to proceed with our tariffs. we're working on that. we're also working on investment restrictions but we're simultaneously having negotiations with the chinese, to see if we can reach an
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agreement. as president trump said we're not afraid of a trade war but that is not our objective. david: treasury secretary steve mnuchin sounding confident yesterday about reaching a trade agreement with china. today's "wall street journal" detailing a lot of quiet trade negotiations going own with the chinese. so is the administration's trade strategy working? here now to react is andy roth, club for growth vice president of government affairs. andy, you have a lot of loud talk. it scares people like you. sometimes it scares me. it clearly scared the market last week which lost 1400 points on the dow. gained a lot of it back today but what do you think? you have the loud talk that comes out initially. then you have the quiet negotiation where the real deals are made? >> you are starting to hit a pattern. your previous guest hit the point. the previous steel tariffs were scary but they kind of took the teeth out of it with except for
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china. the stork market, if they hate one thing, they hate uncertainty. as we're learning more and more about the negotiations, hopefully things will get better. that is definitely our hope here. david: the other thing about president trump, he looks at the whole picture. he considers himself before being a business president to be the commander-in-chief. he thinks that is the most important thing. i agree with him. that is the most important thing a president can do. today we get word, it is just a rumor, but seems to be a pretty good rumor that the north korean leader is getting a finger wag from the chinese saying you better negotiate with the americans. it appears the trade talk on china, the tough trade talk, some of that might have had to do with north korea, am i right? >> yeah. when you're dealing with free trade agreements or trade with other countries you're talking about geopolitics and realpolitik. there is a lot of things at play here. the thing i want to emphasize
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though, those tax cuts in december, mans those are high octane jet fuel for the economy. for the republicans and president's party, it is very important that the economy is humming along at 3, 4, 5% gdp growth especially in the fall when the elections come up. so even though there might be some volatility or even upside volatility, i think we need to reduce that volatility just a little bit if we're going to keep the eye on the prize later in the fall. david: one other thing that is happening in the fall is the budget comes up again for negotiation. the president as you well know on friday said, kept everybody, we weren't whether he would veto the spending bill but he was so anxious to get the military spending in he did not veto it. he said he would in the future this is the last extraordinarily expensive bill he would sign on the spending front. some people think he is looking to november for that. here is what steve forbes said about that on friday. i want to get your reaction.
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play the tape. >> what you're going to see in the early fall the president will veto the next spending bill. he will use it as a campaign issue. and if they dominated things right on future tax cuts and the like, they could really stem the losses that they face now. david: a lot of us were disappointed he didn't veto the spending bill which was horrific in terms of amount of money they were spending but on the other hand he setting himself up for a win right before the elections. >> it would be a very beautiful thing. members of both parties in congress are absolutely addicted to spending f you're a conservative or liberal in congress you shouldn't have voted for the bill merely for the fact you didn't have 24 hours to look at all 2200 pages before voting on it. for trump to be as disgusted with them as the american public is, i think that is a great message to go into the fall with. if he vetos it, a shutdown will be on the hands of congress. they will have to answer for
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that. david: andy roth, great to see you. thank you very much. appreciate it. >> thanks for having me. melissa: is he or isn't he? major speculation stirring whether or not north korean leader kim jong-un is visiting china today? what we know about the possible trip. that is coming up. plus republicans are banking on tax reform to bring victories during the midterm elections. so will it be enough? we're asking dan henninger after the break. ♪
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melissa: touting tax reform. president trump sweeping tax reform praised for saving american families as much as $2,000 a year. in a new ad from a gop super-pac, the american action network. listen. >> the middle class tax cut by the numbers. three million americans received bonuses. wage growth, fastest in eight years. consumer confidence, highest in almost 18 years.
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working families saving $2000 a year. more money for a mortgage, more for groceries and gas. more to save for college and retirement. melissa: the ads are specific to 26 key congressional districts led by republicans ahead of the 2018 midterm elections. with me now, dan henninger "wall street journal" editorial page editor and fox news contributor. what do you think about those ads? do you think that will work? >> it won't hurt. that will be on the right track. tax cuts on the state of the economy are do-or-die for these republicans running in november. melissa: we talking in the break about a poll that was just conducted. it says what best describes your feelings about the economy. nervous, that is 47%. much but it was 61% in 2016. you can see it on the screen. it was 30 in 2016.
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>> it's a fascinating result nearly half the people are nervous about the economy. the economy seems to be doing well. consumer confidence is at an 18-year high. i don't think it is too surprising people have a sense of nervousness down there. melissa: it is down so much, nervousness, it was 70 before. it was 61 now down to 47. people feel nervous about money all the time. >> look what money is doing. it was the market down 700 points last week. today up nearly 700 points. i mean it is like tariff war on, tariff war off. melissa: right. >> i think people are still trying to absorb all of that. plus the effect of these tax cuts which are only three months old. melissa: one thing that seems like never moves, i love this one, the taxes you pay are, too high? in 2017 it was 55% of people. now it is 53%. do we have the graphic? about right, 39.
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the numbers don't move. too low. 4%. 2%. who are the people that say taxes are too low. that the loaf of bread is too cheap. i wish i had paid more for the loaf of bread. who are tease people? >> 2% and 4% are in the margin of error. it could be below zero. years ago reader's digest did a poll, pick a number, what the rate would be for 25%. that is always 25%. give 25% to the government. you retain 75% regardless of your income level that is reflected there in that poll. people would like to see, they think their taxes are still a little bit too high. they would like to see them come down to a level they find acceptable. melissa: acceptable. my level would be much lower than. >> you're in the wrong state. melissa: feel like maybe 10%. i think they waste it all. like leaving it on the ground
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when they walk around. they don't know what to do with it. you would really go 25? >> as a flat rate would be acceptable to most people. melissa: better than what we v but in a dream world -- >> i think republicans have to figure out how to settle tax cut. they will not just be able to rely on super-pacs like american action committee. the individual 26 candidates will have to do it. we learned in pennsylvania 18, democrats won, lock and loaded. republican candidates better figure out a way to tell people why the tax cuts matter. melissa: great point. dan henninger thank you very much. david: melissa, no more than 25%. melissa: i want to pay zero. david: taking a stand more diddle america. what senator claire mccaskill had to say about hillary clinton and why she lost the 2016 election. that is coming up. melissa: the u.s. responds after the poisoning of a former
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russian spy and his daughter on british soil. those details are next. ♪ >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. i needthat's whenvice foi remembered that my ex-ex- ex-boyfriend actually went to law school, so i called him. he didn't call me back! if your ex-ex- ex-boyfriend isn't a lawyer, call legalzoom and we'll connect you with an attorney. legalzoom. where life meets legal. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab.
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melissa: the u.s. expelling 60 russian intelligence officers as well as shutting down the kremlin consulate in seattle citing its location or close location to submarine bases as well as boeing. the moves come as multiple countries kick out russian diplomats in response to the chemical attack against an
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ex-spy in the uk. here with more on all of this, from the white house is kevin corke. kevin. reporter: hey there, melissa, always nice to be with you. the u.s. and the white house in particular has made it clear we're willing to work with moscow when they cooperate but clearly their destablizing activities have consequences. that was the overarching message today from the white house but as you pointed out in the lead-in, not just the white house. this is reaction all over the globe. dozens of countries kicking out russian diplomats in response to a nerve agent attack that happened on uk soil. you may remember the story earlier this meant. a russian spy, his daughter, both attacked with a nerve agent. that led to the u.s. action today. more than five dozen russian diplomats will be shown the door thanks to today's announcement by the white house. international condemnation, more than 100 russian diplomats the world over will be hitting the bricks. today i tried to pin the white house down a bit. look, is an attack on an ally the uk an act of war?
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they wouldn't go that far but they did is a the u.s. stands in solidarity with the white house and uk. >> you mentioned that it was brazen and reckless. does an attack on the soil of the valued ally rise to the level of an act of war? >> we've been joined at the hip with the uk on this matter, with the uk on this matter. we stand firmly with our ally. again, i'll classify this action as both brazen and reckless. i don't want to get ahead of anything the president may or may not announce. reporter: principle deputy white house press secretary raj shah there. british prime minister theresa may said the international community spoke with one voice condemning moscow. >> president putin es regime is caring out acts of aggression with our values and within our interests and in our continent and beyond. as a sovereign democracy. the united kingdom will stand
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shoulder to shoulder with the eu and nato to face down these threats. reporter: there was the british prime minister. this is spokesman for the kremlin. saying that we deeply regret the, taken decisions, we already stated and reconfirmed that russia has never had any relation to this case. we will be guided by the principle of reciprocity as before. no real surprise there. so we expect to get more from the russians as they get closer to midweek. meantime, we also can tell you about an interesting story, melissa, out of the asia-pacific. kim jong-un, the dictator out of north korea, today apparently made his way to china? say what? really? his first trip to china. in fact we're told it is his first trip outside of north korea. white house officials wouldn't bite though when they were asked if they could confirm that visit. >> we can't confirm those reports. we don't know if they're necessarily true. what i will just state though is
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is that, you know, where we are with north korea, you know is in a better place than we used to be because of the president's maximum pressure campaign. reporter: maximum pressure campaign, one the administration now seeks to perhaps put on russia. we'll keep an eye on that. for that, back to you, melissa. melissa: wow, a lot of news, kevin, thank you. david: we have a former cia station chief operating in the former soviet union in 12 years. he is running for congress in the state of pennsylvania of the good luck on that one. first talk about north korea. this is fascinating. the first time this guy has been out of north korea since he has been put in power. i imagine what is happening behind the scenes with donald trump dealing with china has a lot to do with north korea going to china and kim getting the finger wagged at him, right? >> that's right. in fact, he has a state visit scheduled with the president of south korea in april, then possibly we have the talks with trump coming up. david: but the south koreans can't squeeze him the way the chinese can. >> he is definitely going to
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them to lay out somewhat what his negotiating position will be with the united states and see if he gets the support of china. david: a lot of questions where the meeting between trump and kim would be? maybe it will be in china? >> that would be a logical place. they discussed scandinavia as well. china would be also a very logical location. david: let's move to russia, kind of like dealing with china, trump says something, he says, hey, look, putin, i want to have good relations with putin. he calls him up and congratulates him on fraudulent election. kind of perfunctory. so did president obama. all the critics say there is collusion with russia. meanwhile he kicks the russians out of seattle where we have key naval bases. he is doing, he will be meeting with the baltic countries, estonia, lithuania, latvia, coming up next week. this is a direct insult to president putin. while he says one thing he does something very different. >> that's right.
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we should also never forget president trump supplied lethal aide to the to the ukraine to get back -- david: not to mention hitting syria with tomahawk missiles. syria is close ally of russia. >> that's right. this ejection of diplomats, russia would have 10 times as many intelligence officers directed against the west as any western country would have in russia or directed against russia. we can really hit them where they live by sending them home, really interfere with their collection efforts in the united states. because these russians are handling, seeking to handle americans in key sensitive positions. david: by the way if you can put the map up of the baltic countries once again. the fact if russia hit any of those countries, russia when it was the soviet union they had a key submarine base in estonia. >> they did. david: they had key bases in latvia and lithuania.
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this is an attempt by the united states, don't to into the baltics the way you went into the ukraine. >> absolutely. president trump is very good standing firm with all of our allies. in this case what we're doing with 18 other countries, rejection of the russian dip low mats and important to stand by estonia and baltic states they feel very threatened by russia. there are no natural to invasion. those countries are worried about russian activity outside and within their own country. david: scott you linger. thank you very much. melissa: media deal in jeopardy. at&t and time warner are fighting to complete a huge merger and must clear a huge hurdle with the justice department first. ♪
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transcript of last week's testimony which would made today's testimony null and void. outside to explain it all connell mcshane. reporter: the guy is an executive at sling tv, he got the testimony and transcript we're told by his own lawyer. that violated the rules. the judge richard lee on is not happy about it. he said if something like this happens again he will hold the lawyers in content. he allowed the testimony to go forward. mr. slchting is testifying as we speak. our producer is still in the courtroom as i'm talking to you guys. she is relaying back to me what he is saying. testifying to the government's side as they try to block the mergers it would put his company, sling tv, combined with at&t time warner in tough negotiating position, could raise prices, make more money, accept more onerous terms, if we don't accept, sling said we don't have a business. the drama whether he would testify or not kind of slowed
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things down in this case. we expected the guy to start is john martin, the chairman of turner, the government's first hostile witness in all this, coming from hostile side. he has been on record calling the government's case clueless. we were interested to see how past statements would be used by government lawyers. it looks like we might have to wait another day because of all this morning's drama, as the sling executive is being allowed to testify and that will continue in another half hour or so. david: connell mcshane. thank you very much. connell. melissa: standing by all americans, hillary clinton being called out by a member of her own party. the former presidential candidate is being called to have respects for all voters, not just the ones who voted for her. ♪
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>> senator claire mack cast kill from missouri calling out recent comments of trump voters in middle america. >> it felt like she was criticizing missouri voters. i have a great respect for missouri voters. there are a lot of reasons for donald trump, some of which i completely understand. for those of us in states that trump won we would really appreciate if she would be more careful and show respect to every american voter and not just the ones who voted for her. melissa: here now to react is ned ryun, american majority founder, kneel sroka, democracy for america communications director. thank you to both of you for joining us. neil, do you think this is good strategy what claire mccaskill did? >> i guess i would say hillary clinton will not be on the ballot in november and neither is donald trump. melissa: why then is she addressing it?
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you think -- >> because the media is asking questions about it. the media is asking questions about it. the people that are going to be on the ballot are the republicans who have given in time and time again to donald trump's greed-driven, bigoted agenda. melissa: you just mentioned donald trump and said he is not on the ballot. >> republicans who have given in time and time again to donald trump's bigoted, greed-driven agenda will be on ballot in november. that is who voters will have to choose between. melissa: ned. do you think it's a winning strategy to talk about either hillary clinton or donald trump? >> if i was giving advice to candidates in 2018, specifically republicans make your race about as local an issue as possible, do the fundamentals. absentee ballots, early votes, fund-raising, doorbells you need to do. thing about hillary shoeshe is the gift that keeps on giving, but in their very honest moments barack obama and hillary clinton
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think those who don't agree with them are backwards, deplorables, misogynists and bitter bible gun clingers. as democrats lose traditional working class base, instead of trying to have dialogue with them, they want to insult them and sneer at them. claire mccaskill is one of 10 senators on ballot in 2018. they are in serious trouble. hillary clinton comments, those are ready-made ad to to run against claire mccaskill. if i could figure it out i would fund hillary clinton tour of those 10 states so she can insult half the voters in the state. >> given's donald trump epic performance in alabama and pennsylvania i would fund a donald trump tour throughout the because this guy is loathed by the american people. more than -- >> no he is not. melissa: glad you brought that up. we have new results just in. hang on. his approval ratings up to 42%, no matter which poll you look at, the highest level in 11
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months. so he is gaining ground. >> in 11 months. he is gaining ground. still eight it nine points below even. and -- >> exactly where barack obama was. >> most criticized president ever. melissa: ned, go respond to that. >> exactly where barack obama was. if you look at second and third years -- melissa: one at time. >> he was well under 50 mers for most of that time. forget donald trump and his polls. let's look at generic poll. right now seeing it three to five points in the congressional generic poll favoring democrats. but guess what? of top five issues, economy, nag security, jobs, guess who voters favor by double digits, they favor republicans. democrats are running on let's impeach trump, let's ban your guns, raise your taxes. try that message in 2018, see who wins. melissa: as fun as there is i got to go. appreciate your time. >> thank you, melissa. david: can you make your vacation dreams come true?
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melissa: making it a little easier to meet mickey this summer, disney world is offering free dining plans for children visiting the park from may 28 to august 30. david: kids between the ages of three and nine will qualify for a free dining package when their parents book a three-night magic your way package which includes a room at select disney hotels and a dining plan for adults families could save nearly $120 per child over the three-day trip and the package must be booked by august 1 but here is the thing. in the fall, they offer free dining for everybody. melissa: they do? david: yeah, because the fall is winter hurricane season so if they continue just for kids,
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it'll all even out and they will continue to make as much money as they already have. melissa: well my kids don't eat that much don't charge me for their chicken pink finger and pancake. risk & reward starts right now. >> the president has been very clear that we will impose costs on russia when it is in our interest to do so, and when it's in our interest to work with russia we'll do that as well. this president has not softened or weakened any position that barack obama had on russia and in fact he's gone much further so this president knows what's right on the international stage and how to deal with russia and when we need them as a partner as an all i for isis or terrorism but we sanction them and stand up against them. >> the dow jumping more than 650 points erasing last week's heavy losses caused by over blown fears of a chinese trade war as president trump hitting back at russia
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