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tv   After the Bell  FOX Business  May 3, 2018 4:00pm-5:00pm EDT

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$65 a share i think it's a great dollar play. and chinese dating momo. chinese dating service like eharmony. where there are billions of people how could i go wrong with a dating service. [closing bell rings] liz: todd, thanks. that will do it for the "claman countdown." melissa: dow reversing course, fighting for gains in final moments of trading. still settling out. after being down nearly 400 points. the s&p and nasdaq closing in the red. i'm melissa francis. david: clear markets don't care at what is happening inside the beltway. melissa: we do. >> i'm david asman. glad you could join us. nor on the big market movers. we'll have more on a very busy hour. let's make a deal says the president. his economic team is in china negotiating better trade agreements. we'll take you live to beijing. the the is hinting there may be
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new developments on three americans held hostage in north korea. we'll tell you what we know. another detail, adding a layer to comments by rudy giuliani last 24 hours. n-bc is reporting president trump's personal lawyer michael cohen had his phones tapped including a conversation with the white house. we haven't confirmed this independently. shows you how much news to report. former defense attorney gregg jarrett unpacking it. we have walid phares, apple metro chairman, zane tankel, and "town hall"'s guy benson. melissa: dow closing up about five points. nicole petallides on the floor of the new york stock exchange. wild ride, nicole. >> it was. i want to give you breaking news on twitter, i'm seeing right now, that is about passwords. twitter is urging you to change passwords because after glitch that caused your password to be
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stored in plain text. it exposed a substantial number of user passwords. twitter finishing higher by 12 cents. this is news we'll talk about next 24 hours. as you mentioned, melissa, noting we were down on the 400 points on the dow jones industrial average. look at it now. up in the green, up six points for the dow jones industrial average. we've seen a wild week. mostly down for the major averages. s&p down quarter of a percent. nasdaq also pulling back. we have 75% of the companies have reported thus far and 80% beat. quick look at tesla. most bizarre, unorthodox, these are the adjectives being used to describe the conference call with elon musk challenging analysts that they were boring asking dry questions. in fact he said, you're killing me. he has a long-term vision.
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he was tired of questions from the analysts. the stock finished down 5 1/2%. probably lost 2 billion in market cap. look at insurers, aig in particular, aig they failed to boost confidence on their profit plan. new lows across the board for aig, prudential and cardinal health. cardinal health was the number loser on the s&p 500. look at that down 21%. activation is parent of call of duty. the numbers came out in the middle of the day. look at the wild intraday chart. finished down 2%. back to you. melissa: i love the conference, elon was annoyed by people asking him when he would stop losing money. david: how dare them. melissa: outrageous. david: breaking news. police are responding to reports of shots fired at opry mills maul in tennessee. we're looking to find out more from the developing situation. what we're told about it
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nashville fire department, one person was shot at the mall. that person was taken to a hospital. no word on that person's condition. we'll bring you updates as soon as they come in. president trump's top trade team sitting down with chinese officials hoping to head back to d.c. with positive results for president, the nation and the world. connell mcshane is live in beijing. 4:00 p.m. here in new york. it must be 4:00 a.m i have been seeing you all day. you must be tired my friend? melissa: nah. reporter: not at all, david. 23 hours with no sleep. that is, the, you're right. it is a little bit after 4:00 in the morning here in beijing. which means traffic finally let up. this city is something else for traffic. we've been watching negotiations at least begin. even though we're here, we like everybody else basically have no idea what is will really come out of the talks involving the treasury secretary but the u.s.
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delegation arrived earlier at a place called the guest house on the outskirts of the city. mao tse-tung used to have a residence there. they use it to host big events like this. even for china, this is a big event. getting a lot of coverage in the state media. big names. certainly mnuchin is one of them. not only one. commerce secretary wilbur ross is here. delegation trade representative robert lighthizer is here as well. ambassador terry branstad. kudlow and navarro, the economic advisors. heart spread educated vice premier of china. with all of that backdrop, whether or not anything really can be accomplished with these countries having so many differences and being accomplished in only go days. take a -- two days. >> we hope all the issues will be resolved in one meeting this week. we'll get to a point of
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framework for future discussion, that limits or eliminates the threat of tariffs in the short and medium term we consider that to be a successful outcome. we just want all companies to be treated equally in the china market. reporter: so as we were talking about, we've already moved into early friday morning here in bejing. just a few hours from now the two sides expected to resume their talks. we're hoping, david, to update from you guys for your time tomorrow, our time later today. possibly we hear from the treasury secretary before he goes home. you know, we'll see. expectations have kind of been lowered here. we'll see if they are able to jump over the bar on any of those expectation. we'll report to you back here same time tomorrow. david: fascinating on divisions between the china and u.s. but u.s. group of people there to discuss. there are free trader and some fair traders. there are divisions there as well. fascinating story. connell, seriously, thank you very much for staying up late for us. melissa: he is the best. bring in today's panel.
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kevin kelly, fox business's susan li. and john petrides point view wealth managementa. there is so much going on in washington and what the market is focused on is inflation fears. listening to what the fed is saying will we see a tightening environment. is that your take or do you disagree? >> that is my take given the fact you're seeing rising labor costs or input costs whether it be oil or other commodities. if we go back to the tariff situation, think about the price of steel. talk about new buildings going up. 50% of new buildings are made of steel. that is big concern because that impacts operating margins for companies, so companies can no longer trade at higher valuations given the fact debt is giving good yields as well. this is a concern. we need to let it play out. the fed will wait until june.
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market can only go higher because earnings are growing. melissa: john, people are looking at the potential trade tariffs and rising price of steel and other things as some anticipate that the president will go through with it. the other side, seeing inflation as a result of a economy picking up. that positive part of inflation where we didn't see it before because we weren't seeing any growth. but either way it is some inflation? >> i think this is the story we've seen since the beginning of the year, with the markets going this way. we can't find direction. we have a positive run, then we have volatility. earnings are doing really well but comments on the margin is concerning investors. we have inflation higher but still within good range. economy is stronger but is it growing too fast? it was great reaction to the market. massive downward turn. you had a huge rally where we finished flat. market is really searching for direction right now. melissa: susan, what comes out
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of meetings going on in china? do we really know? that is the point of people negotiating behind closed doors. they are not supposed to come out and tell us? >> that leads to more meetings. look at nationalistic fervor in chinese publications and go online, social media, what the people of china says they are hoping xi xinping doesn't bend to the will of the president and delegation. since he is leader for life. they want him to appear strong to represent the chinese people. i don't think we'll get a deal. it will lead to more discussions in future. they have this unequivocal mutual relationship of trade to china. melissa: stand by. breaking news now. cbs reporting first quarter results. let's go to nicole. she has the numbers on this one. what does it look like? >> melissa, earnings per share adjusted number of $1.34. the stock, by the way is up
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about 2% in the after-hours. revenue coming in at 3.76 billion. we're going to be listening to the conference call, all about all things cbs viacom. the big, big caveat between the deal is who is going to be the number two. les moonves is staying in the top spot but the shari redstone wants buckish as number two. moonves will probably put his guy in. that is one thing that stands in between. you see a revenue beat of 3.76 billion. back to you. melissa: nicole, thank you. "washington post" out with expose' today on cbs's reporting mishandling of sexual harrassment against long-time newsman darlingly rose. you're jumping on the conference call at 4. we'll bring anything back that cbs has to say, this is the story of the day. david: update on reports of shots being fired at opry mills mall in tennessee.
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our fox affiliate is being told by the nashville fire department, a person was shot. has been taken to the hospital. no word yet on their condition. but we don't have any word who the shooter was or whether that individual is in custody of the police. we'll bring you updates as they come in. meanwhile amazon hitting the pause but done. the e-commerce company now halting expansion plans in seattle because that city council is considering a new tax that would charge large employers in the city in an effort to assist with seattle's housing crisis. let's go to deirdre bolton in the newsroom to break this all down. >> a private negotiation between amazon and seattle city council just went public. so the city council wants to tax companies based in seattle with more than $20 million a year in revenue. they want to add a head tax. $500 per employee per year. amazon is seattle's biggest employer. 45,000 local employees.
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so that tax bill would add up between 30 and $40 million a year for amazon. so amazon is making it clear, it is not on board for that. pending this vote which is may 14th, amazon has already decided to halt construction of a new building one it was planning on in downtown seattle. it also said, we're adding employees. we already have offices in vancouver. we have offices in boston. we're just going to hire more there. from the point of view of the seattle city council that city has the third largest homeless population in the u.s., after new york and l.a. and the council says it wants to address some of this income disparity and use potential tax money to build 1800 affordable housing units, with the rest of the money going towards services for the homeless. even within amazon, there is large income disparity. executives make between 100,000 and $200,000 a year. people in warehouses make a little less than 30,000 a year.
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this was part of the backdrop of have and have-nots with some cities that have seen big societal shifts with the tech companies having their headquarters there, david. david: seattle may have not amazon if they keep that up. thank you very much. the panel is here to react. susan, a lot of voting with people's feet. people and companies voting with their feet, moving from places with high taxes, too many regulations too places with lower and no taxes like texas and florida and have far fewer regulations. seattle better be careful. >> i agree. look what happened with alliancebernstein yesterday. they're going to nashville in order to locate their headquarters. we've been hearing a lot about this. some of the headlines include new jersey. they're seeing a max exodus and clients are fleeing so they can pay less taxes. david: john, you know the city of seattle says that they're going to spend 30 million on new housing et cetera. i bet if amazon says look, it is
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not just the fact that we have to pay more. it is the fact we don't trust you to spend money the way it will help people. we've seen misspending in money all over the country, including right here in new york on the homeless. money being misallocated, leading to more homeless rather than fewer homeless. why doesn't amazon say we'll write a check for half the amount in cash, will that satisfy you? >> that is a good idea but remember there are other big businesses like microsoft and boeing in seattle as well. they will not sit idle on something like that. amazon's case will be bolstered as others back them up. presumably they come to some compromise. this helps the state of new jersey a lot, begging for amazon to come for jobs. david: kevin, the point is, amazon is looking for a new headquarters. they still haven't focused on one place. i would scratch seattle off the list, wouldn't you? >> i said numerous times on this network they are not looking for a second headquarters. they're using this to negotiate with seattle. they have had problems with seattle, think about what
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seattle did previously. upped the minimum wage. companies were throwing up their hands, we'll move to the suburbs. if you think about jeff bezos, a guy who focuses on efficiency, is it efficient to have two headquarters? no it is not. he is using this as bargaining chip to go against seattle. i wouldn't be surprised to see him move. david: is there anything that government does is efficient? i would say no. it would be better if amazon took care of the homeless problem themselves. write a check. melissa. melissa: that is interesting idea. david: why not? just write a check. melissa: might be cheaper. small businesses in america are optimistic, almost fell off my chair, about the economy and less concerned about their tax bills overall but still a struggle for restaurants throughout the country. the chairman of apple metro, zane tankel on challenges he is facing now. david: united nations now warning the u.s. not to pull out of the iran nuclear deal as the deadline for a decision is fast-approaching. the latest from the state
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department. melissa: rudy giuliani admitting the president did make payments to his attorney michael cohen for unspecified expenses. there are now reports that cohen was wiretapped during at least one of the conversations with the white house. what does all that mean? we'll discuss legal and political ramifications with former defense attorney gregg jarrett and "town hall"'s guy benson. a live update where things stand from the white house. that's neck. >> this was never about the campaign. it is about personal reputation. the money wasn't paid to help the campaign or hurt the campaign. the money was paid because of the embarassment. ♪
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real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. we use our phones the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get up to 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and see how you could save $400 or more a year. xfinity mobile. it's a new kind of network designed to save you money. click, call, or visit an xfinity store today. david: the white house on defense. sarah sander answering very
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tough questions today about the stormy daniels case and president trump's reimbursement to his personal lawyer, michael cohen as a new report is out, we haven't been able to confirm it, a claim cohen was wiretapped by the feds. our own adam shapiro live at white house with very latest. adam a busy day. reporter: it's a busy day, not even far from over. rudy giuliani who ignited firestorm over the $130,000 payment to stormy daniels that the fact that the president reimbursed michael cohen for that, has gone further with the wiretap story. he doubts its truth and this is quote from giuliani regarding cohen investigation. i'm waiting for the attorney general, jeff sessions, to step in. in his role of, as defender of justice and put these people under investigation. meaning the people investigating michael cohen. because giuliani points out if there was a wiretap of cohen, if it did capture the president talking to his then lawyer this
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would be a gross injustice on behalf of the government. this is certainly one of the issues brought up during the press briefing with sarah sanders and the fact that the administration prior he said there was no payment to sarah sanders, rather to, stormy daniels. let me let you listen to sarah sanders respond to differences in stories and where we stand today. >> the first awareness i had was during the interview last night. i'm giving the best information i have from information i am aware of and some i'm not. when i can answer i will but, beyond that i really don't have anything to add. reporter: this 130,000-dollars payment which the president now says he did reimburse michael cohen but says it was really through a retainer kind of situation, that he was unaware, that the money was going to stormy daniels. mr. giuliani pointing out if was mr. cohen's job as a fixer to fix things up, make things go away. the president saying in a series of tweets. this is a retainer that was paid
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$35,000 a months, over several months. he went on it say having signed a detailed letter, there was no affair, referred to stormy daniels, whose real name is miss clifford, prior to its violation by miss clifford and her attorney this was private agreement. money from the campaign or campaign contributions played no roll in this transaction. that attorney, the president is talking about michael avenati. here is what he had to say about this. >> our case got exponentially better in last 24 hours. i've been saying this is cover-up. about lies told to the american people. it is about people trying to pull the wool over people's eyes, that citizens of this country, they deserve to know the truth. reporter: one thing you should know, david and melissa, the fact that the white house press office was unaware that rudy giuliani and president planned to do what rudy giuliani did on fox news, talking about
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the $30,000 payment. "the washington post" is pointing that other members of trump's legal team were unaware they would take the action. david: if anybody has a bad week, think of sarah sanders. melissa: i know. david: think of everything she has been through in the past several weeks. i don't think anybody out there, she deserves combat pay, that woman does. melissa: she does. david: adam, thank you very much. appreciate it. unbelievable. from the correspondents' dinner to everything else that has been happening quite a woman. melissa: she's tough. she's tough. we'll dig into the potential legal and political ramification from the headlines in washington. we have gregg jarrett and guy benson coming up. we have the latest details surrounding three american hostages still in north korea and the president's role in the effort to bring them home. that's next. >> we certainly would see this as a sign of goodwill if north korea were to release the free americans ahead of discussions between president
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david: we hope this is an end point in the story. update on the nashville shooting at the opry mills mall. the suspect is now in custody according to the police. authorities saying no additional threat is known. one person was shot, been taken to the hospital. we don't know the condition of the victim. we do know it's a female victim. we'll continue to bring you updates as we get them. appears the shooter is in custody. melissa: possible breakthrough. reports indicating that north korea may be getting ready to release three american hostages, moves prisoners from labor camps to the capital of pongyang. the state department can not confirm the reports. walid phares, foreign affairs and national security analyst. one thing that strikes me is that these three people can not
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be in the condition of at otto warmbier but we don't know. >> it won't be and we still don't know. the fact north korea is releasing information about them, talking about them, in the context we're in, means they will be releasing them and releasing them is basically a step for north korea, waiting for steps from the u.s. the issue will not be about these steps. the issue is going to be, when is the deal? that is only what the two leaders meet in the dmz or elsewhere we'll know more about the future. i'm more concerned about the deal on than the future because the way of north koreans are behaving. melissa: will it be hammered out before the president gets there? is it one of those things they won't have to discuss if north korea would give up nuclear weapons, because they already promised to give up that
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program, and luckily about details of verification, what exactly that means, do you think those will have been hammered out in remow negotiations before the two actually get together? >> both. there are negotiations. there are talks. remember, we're alls specially our side, the united states, we're under pressure. we want to deliver the public, international community, very difficult conditions even in washington, d.c. so we may not go over every single detail because we could say let's make sure the meeting of the summit is successful. since the north koreans are on their way to be in agreement with us, we'll have time for more details. so not everything could be negotiated and discussed, including the details of what the north koreans should be doing. that is because we're under pressure. melissa: did you see this report today in the "wall street journal" about a laser from a chinese base aimed at u.s. military pilots in african skies? the pentagon was talking about this, and it is, there is a lot
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of focus on china as we make progress with north korea. to see a story like this crop up, i sort of wonder what is going on around the edges. what is your take on that? >> look, china is really a technological superpower at this point in time and we are racing with them, they're racing with us, but usually when the chinese, from tradition. chinese government or authorities display something like that, or we have information about it. it means that they want us to make a decision. their reality is they want to expand in south china sea. otherwise they will be doing these things around the world, including in africa, maybe beyond. so they would tell us if you want to negotiate seriously on this matter, look, we have technological capacities that can go way beyond the south china sea. this is kind of a messaging i believe. melissa: yeah. walid pharis, thanks so much for your time. we appreciate it. >> thank you. david: there is legal and political fallout from what's happening inside the beltway. new questions surrounding president trump's reimbursement
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of michael cohen in the stormy daniels case. we have you covered from every angle. former defense attorney gregg jarrett and "town hall" political editor guy benson coming next. blaming capitalism? hillary clinton's latest excuse, have you heard this? on why she lost some democratic support. >> i'm actually a capitalist, i say, yes with appropriate regulation and appropriate accountability. you know, that probably gets lost, oh, my gosh, she is a capitalist. ♪ spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet?
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>> only a bombshell in the sense that it blew up their case. this whole case began as an illegal campaign contribution, $130,000, must have been campaign funds. they go after, they invade cohen's office as a lawyer, disgraceful! david: rudy giuliani commenting on fbn earlier to his revelation last night that the president reimbursed michael cohen $130,000 to keep porn star stormy daniels quiet about an alleged affair. that story has grown another layer with a report today that cohen's phone was tapped and may have picked up an exchange with someone in the white house. now we haven't confirmed that independently, but there is a lot to unpack here to help us do that, is gregg jarrett, former defense attorney, fox news anchor, author of a kind of a
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well-timed book "the russian hoax, the illicit scheme to". clear hillary clinton and frame donald trump. this report came out of nbc. to that point rudy giuliani responded, you mean i call up my lawyer and the government is wiretapping him? that is pretty damn -- they have already eviscerated the attorney/client privilege. this would make a mockery of it. to which you say what? >> he has a valid point. the attorney/client privilege is sacrosanct. there is only couple of exceptions to it and the doj and fbi would have to go to a federal district court judge based on probable cause under the fourth amendment to convince that judge to pierce the attorney/client privilege. that is a very high standard. since the doj and a the fbi have a history of deceiving the fisa
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court using a phony document to surveil, i question their tactics here. david: now i'm just wondering, i know it is the southern district of new york rather than the mueller investigation itself that is involved in pursuing the michael cohen case, however, this wiretap appears to have been done by mr. mueller, does it not, if it turns out to be true? >> we just don't know. if mueller handed this off to the u.s. attorney, it would be entirely the u.s. district attorney going to a federal court judge. we don't know enough facts because the news is breaking still. david: let's go to the question of mr. mueller and whether or not the questions that we have seen part of, i guess it was transcribed by one of president's trump attorneys but we saw a list of about 50 questions, whether or not the president should answer those questions in person, in writing or not answer them at all, what would you advise? >> i would advise a limited
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number of questions to be answered in writing and that's it. i would advise against the president sitting down with mueller because as i read those questions, several of them are a blatant perjury trap. mueller would then have to consider to slap the president with a subpoena to appear in front after -- of a grand jury. i woulded advise the president if mueller does that, to ignore the subpoena because mueller can not constitutionally enforce it. david: on the trump dossier, what we led so much to see mr. mueller doing, mr. comey, the former fbi director, claims in fact that he told bret baier was created by the republican party. that is not at all true. bret corrected him on that. oh, i didn't know that. how is it possible that the fbi director, the man who used the trump dossier, as a basis for the fisa warrant on to spy on
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the trump campaign doesn't know where it came from? >> he is either ignorant of the facts, he is lying or incredibly incompetent. comey, went to a fisa court and swore under oath, under penalty of perjury the authenticity and veracity of the document, the dossier. yet he admits to congress it was unverified. that is abuse of power. i find it hard to believe that comey didn't know the republicans had nothing to do with the dossier, and he still told bret baier to this day he said, i don't, i don't know that the hillary clinton and dnc paid for the dossier. how could you not know as fbi director? that suggests to me rank incompetence. david: gregg jarrett, when is the book out? >> comes out in a couple of months. but you can get it on amazon and barnes & noble preorder. david: the russia hoax. thanks, greg.
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melissa. melissa: here on the political fallout, guy benson, townhall.com, fox news contributor and the radio show, benson and harf. that he possibly couldn't do an interview or think about anything having to do the with mueller probe after the north korean meetings because he is spending all of his time to prepare for that. that is effective way to push that off. after that is achieved, hard after that, to come after him when he has had this incredible achievement, doesn't it make it more difficult? >> probably not from mueller's perspective. trump could have a great month, terrible month, mueller would march on doing his job but i understand what giuliani is probably aiming to do here. he is the new kid on the block in team of attorneys, at least one of them. he is the point man for
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negotiating with the special counsel's office what trump will or will not do vis-a-vis an interview with bob mueller. what giuliani is doing is bargaining for time. they're figuring out the contours of acceptable situation would be, whether in writing or limited period of time with limited scope, by saying, trump has on the front burner this potential blockbuster peace deal in korea to deal with. he is signaling to the special counsel's team, let's keep talking. we're not in any rush. we have big items on our agenda. big items on our plate. we'll not be at your beckon call. it is strategic tug here to reshape the playing field a little bit in the favor of the president, favor of the administration which is what giuliani's job is. melissa: after that they will have a blockbuster negotiation going on with iran. that is learn i had the next thing on the list, trying to figure out what to do with that deal. there will not be let-up, not
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going after presidents when they're in office. although in in theory has to do directly with his work in office. does it give, i guess, does giuliani really want to drag it out a long time? if he could get a limited interview, with answers in writing, is that better or worse than just indefinite trying not to do it? >> oh i think definitely every one involved wants this thing to come to a conclusion. it has been a cloud that has hung over washington for well over a year at this point, and i think there is a general consensus, let's see what the findings are. melissa: yeah. >> and move on, let the chips fall. so a rapid or, you know, fairly expeditious conclusion is the right thing to do. melissa: yeah. >> what giuliani is doing here saying, let's not rush into a decision what the president will or will not do with mueller. let's give ourselves a little more time to hammer out exactly what that will look like. i will keep fighting on behalf of the president as a bulldog,
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while he is dealing with other more important things. that is the framing. melissa: i want to ask you real quick about hillary clinton. you heard that sound bite where she is saying one of her biggest problems she is a capitalist. yes, it is certainly true she loves money. i could see that part of it. but she also loves big government. so i'm a little confused about that people are talking about why do people on the right keep talking about hillary clinton. she keeps going out and talking about why she lost the election. what is your take on this? >> the more theorizing she provides in public about why she lost, which involves a lot of blaming and smearing as we saw in the trip to india where she was really demeaning trump voters, when a public figure of that magnitude comes out and opens her mouth constantly, of course people will talk about it. it also helps republicans because she is unpopular and divisive figure. her point here is actually generally correct. she never got the bernie people fully on board with her because they resented the fact she is not a full-blown socialist.
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that is one of the tensions that will continue to roil the democratic party coalition for years. melissa: very, very true. so wise, guy. i will be sure to tune into the benson and harf on may 7th, fox news radio for more great insight. thank you, guy. >> thank you. david: new deadline approaching for new calls for president trump not to walk away from the iran deal with just over a week left to make the final decision. the latest details from the state department coming next.
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that is cool. and if you still have any questions you can always chat with us on facebook or call our experienced service team, 24/7. yep. just because you're doing it yourself doesn't mean you're on your own. that's great. you're still up. alright. you're still up. if i knew you were gonna run the table i wouldn't have invited you over. call (866) 285-1934. act now to take advantage of commission-free trades for 90 days, plus get up to an $800 cash bonus when you open and fund a new account. ♪ david: update now on twitter. the company is saying a glitch exposed a substantial number of user passwords. twitter now telling all 330 million users to change their passwords. twitter also saying there is no indication that passwords were stolen or misused. that's good news. melissa. melissa: nuclear deadline. president trump is less than two weeks away from making his decision on the iran nuclear deal as allies and the u.n. make
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their case in favor of the agreement. here now from the state department fox news's gillian turner. gillian? >> hi, melissa. iranian foreign minister insists his company won't renegotiate the terms of the nuclear deal with the trump administration, even going so far as to accuse the u.s. violating the terms it signed on to three years ago, repeatedly and consistently. >> let may make it absolutely clear once and for all. we will neither outsource our security, nor will we renegotiate or add on to a deal we have already implemented in good faith. >> neither the state department nor the white house had much in the way of reaction to the video at today' briefings but all the other countries that signed on the framework remain committed to it. this includes, germany, france, uk, russia, china. behind the scenes all of them have been encouraging the trump
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administration to stay put. the european signatories for their part hope to continue trading with tehran. iranian exports to the eu increased 375% in just the first year after the deal was signed. melissa? melissa: yep. all about money. gillian, thank you so much. >> always. melissa: always about money. there you go. david: speaking of money, signs of optimism for those trying to make money but also new challenges for some small businesses around the country. how tax cuts are making an impact for business owners and the burdens they're still facing that need to be changed yet. that is coming next. ♪ if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming.
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♪ david: small business optimism in a new wells fargo "gallup poll," 12% of those
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surveyed tax reform already benefited their business and 20% believe they will see benefits in the future. joining us zane tankel, apple metro chairman. zane, always good to see you. >> thank you, david. david: the biggest line in the bar chart, was those who don't know yet. put it back on the screen. 39% of the small businesses say, they don't know. a lot of them have not yet used the new tax policy for their taxes because they're waiting until the end of the year. do you know what is happening with your business? is the new tax law making it easier to calculate your taxes? >> absolutely. the new tax law is best thing that happened to small business. david: really? >> without a doubt by far. on employer side and employee side. both sides, david. the employee, the, sorry, democrats say that it doesn't mean anything, $900. let them earn $20,000 a year and what $900 a year mean.
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david: for the boys, employers why is it so simple because the way it was? >> because the tax code is legible. it's a tax code we could understand and decipher. it used to be this thick and have somebody really navigate this thing through. david: i'm sure you need people to navigate. >> without a doubt. david: we had linda mcmahon on from the small business administration last week. she said that the real sleeper, the president said this as well, about the new tax law, 100% immediate depreciation for expenses. have you used that already? >> without a doubt. we're always refurbishing restaurants. we're getting new furniture. we have huge crowds going through down the street, 42nd street. 20,000 people a week go through the restaurant. you remember what we have to do with cap-ex to keep that place alive. one hundred% immediate tax writeoff is critical. david: the president is proud of deregulation. getting rid of 22 regulations for every new one he
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implemented. have you noticed that in your business. >> unequivocally. david: saves you money. >> with all the litigious people and litigious society we have to navigate. he has to start dealing with wie nlrb, fet his people on the nation labor relations board. david: that is the federal level. we live here in new york, you deal with the all the laws and regulations in the new york which are worse than federal laws. >> not which are worse. a mayor that hasn't work ad day in his life. make me mayor tomorrow. i won't know what to do. i never ran a city. i never, make him run my business. david: is it getting so bad you might move out? a lot of people are voting with their feet? >> we don't have a lot of options. we signed 20, 30 year leases. we put millions of dollars into infrastructure. you can't abandon. you have to figure out to navigate this storm. we got done terrible three or
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four years pretrump with obama. we come in, whew, then we deal with de blasio and como. david: zane tankel. glad you're doing well. melissa. melissa: honoring our heroes. an incredible milestone for world war ii veterans nearly 70 years in the making. ♪
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melissa: iting had been nearly 7 years since he was in a class rom, world war ii veteran to graduate from university of toledo after a review of his transcripts from 1940s showed he completed enough credits to graduate. david: the degree is something he never dreamed of and hoping
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to find a cushy job where he can play golf. melissa: amazing, the evening edit starts right now. >> we're on the down side, 29 of 30 dow stocks in of red. >> it could be more of trade fears, clean does cheat in -- china does theat in trade. >> i am cautiously optimistic about the meetings. these are issues that president trump has been focused on for over the last year, hopefully we'll make significant progress. john: massive 180, dow erasing earlier losses. with technology and industrial stocks leading the turn around, market watching the u.s.-china trade talks c,

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