Skip to main content

tv   After the Bell  FOX Business  August 17, 2018 4:00pm-5:00pm EDT

4:00 pm
the highs again, aren't we? only time will tell but we think market will end the-year higher. [closing bell rings] adam: we'll end the day with the closing bell. nasdaq closing up for the day but not for the week we're not going to get there. that is it for "countdown". melissa: stocks reversing earlier losses, new details emerge of trade talks between the united states and china. the dow ending up 110 points. gains for the s&p 500 and nasdaq, i'm melissa francis. david: happy friday, this is "after the bell." more on the big market movers. here is what we're covering for you in this very busy hour. great guests. president trump is looking into an idea that could have a big impact on american companies. we'll explain coming up. plus tesla shares plummeting as troubling details emerge about ceo elon musk and, there is another investigation of the company to tell you about.
4:01 pm
new documents showing a deeper connection between high-ranking doj official bruce ohr and the man behind that anti-trump dossier, chris steele. "wall street journal's" kimberly strassel joining us with more on what we know now. also among our excepts this hour, general jack keane, and forbes media chairman, steve forbes. melissa: back to the markets, dow climbing boosted by shares of caterpillar and johnson & johnson. gerri willis on floor of the new york stock exchange. gerri. >> melissa we're looking at high on hopes of u.s.-china trade talks. industrials sensitive stocks lifting the dow. apple, caterpillar, boeing, 3m all higher on that news and conversation about trade talks. apple also hitting an all-time high on pace for its fourth straight record close. this stock just can't go down it seems. aptell on pace for the 23rd
4:02 pm
record close of the year. imagine that nordstrom doing well on a report that its online sales blew through the roof, beating expectations. shares hit over a 1 1/2-year high on that report today. markets this week as you mentioned before, we have the dow and s&p 500 up. the nasdaq on pace here for the first down week in three. a bit of a mixed bag when you look at indexes overall. i have to tell you, for august, this is pretty good stuff. melissa. melissa: great point, gerri, thank you. david: how to make business better in america. president trump is asking the sec to look into how often companies report results to investors. take a listen. >> the head of pepsi-cola, a great woman who is now retiring, she said, because i asked, what could we do make it even better, she said two time a year reporting not quarterly. i thought and it made sense to me. we're not thinking too far out,
4:03 pm
we've been accused a long time. this country. david. sec is considering the idea. bring in today's market panel, carol roth, creator of the future file legacy system and jack hough of baron's. what do you think of this. >> the president wants the sec is excited about this. and i am excited if he is studying anything. david: jack, this is friday. >> this is pretty good friday by the president. this idea has a lot of support. it can cut serious costs for corporations. it is used around the world. so i think the risk is low and between this, doing away with pricey military parade. i'm calling this a good friday. i'm not ruling out a poor spelling fight on twitter between big bird but this is food friday. david: he mentioned pepsico, for something like that it might be okay, but the smaller companies that have cash flow problems,
4:04 pm
investors want to know a little more regularly how they are doing. >> this is not good for the investor. it is all about investor transparency and i err on the side of more information. companies do have this short-termism problem but let's be honest, david, six months is not a long-term outlook. you need to look out three or five years or 10 years and that comes from an internal psyche perspective. you need to align incentives to not be short-term oriented. by doing that, communicating that to the market that is what get as longer-term view. it is not by taking reporting away which will just make it more volatile and make it harder for the average investor to understand what is going on. they will end up following speculation. melissa: stay with us, tesla, shares of the carmaker slammed closing down nearly 9% following an explosive interview with ceo elon musk in the "new york times." kristina partsinevelos is live in the newsroom to give
4:05 pm
us details. this is quite a read, kristina. >> this was personal read, trying to go for the sympathy card, working 120 hours a week, sleeping on the floor, taking ambien, one. most difficult times of his life and a very, very tough year. we're seeing reaction when the article came out. the stock dropped, closing like you said 9% lower, there are also reports that tesla, elon musk, tesla's board is set to possibly meet as early as next week with the securities & exchange commission. why are they meeting? i'm sure a lot of our viewers know this story already but elon musk tweeted out he is taking the company private at $420. they want to look into whether there was any market manipulation with that particular tweet. we did, going back to the article of elon musk coming clean and just sharing all of his emotions in "the new york times" thing, he did talk about the future. people have said maybe it is time for elon musk to step down, considering he not only runs tesla, solarcity, and many other
4:06 pm
companies as well. in the quote he said, if you have anyone who could do a better job, please let me know. they could have the job. if there is someone can dot i don't know better? they can have the reins right now. when you talk about putting a new car, a electric car on the market it is difficult. the question for the panel and securities & exchange commission, did elon musk actually secure funding? will his can t. rowe price, one of the investors that reduced their stake, will they come forward or did elon musk go after the short sellers who were betting the stock would fall because they lost a lot of money on that particular day when he tweeted out. elon musk facing lawsuits and a whistle-blower saying there is issue with the batteries in the model 3. a lot on his plate. adam: the ego in that, can anyone do a better job. at the time he tweeted, talking about whatever.
4:07 pm
kristina. we'll talk about it more here. carol and jack are back with us. jack, the amount of whining and crying in that article, i spent my entire birthday at work? who hasn't worked their birthday. give me a break. >> the answer to his question, mary barra, for one, she is busy running gm pulling ahead of tesla in electric cars which is supposed to be tesla's whole thing. you remember when larry page at google started getting a little weird, they brought in a grown-up to run the company and hand it back to him. they hadn't got as weird as muck has lately. melissa: carol, i always heard stories like this about elon musk years ago. i'm not sure much changed other than the fact he is under scrutiny. he is bringing it out to the front. he talks maybe they wanted to hire someone like cheryl samberg on board to be the adult in the room. he can dream and doesn't have to do any of the homework. i have less sympathy for him
4:08 pm
after reading this article than ever before. >> i don't think it did him any favors. melissa: no. >> i think there is something to it. when you have these very disruptive ceos, these big visionary thinkers, the elon musks, steve jobs, travis kalanick, what makes them amazing founder often makes them disruptive, no pun intended as a ceo as well. so i think that's the challenge. tesla is elon musk. people are betting on him. he needs to find that partner who is that adult in the room to take over the day-to-day, to say no, you can't be on twitter. that is is not an easy thing to do. kind of like taming a feral cat. melissa: will he listen to that person. maybe that is why. cheryl: didn't want to do it. the hubris, he started talking about how he woke up with his rocker girlfriend. later on, i have no life, i have
4:09 pm
no friends. back up to that other part where you have -- i mean, you know. >> all the details make me a little nervous about his ability right now to operate a motor vehicle or an electric vehicle to say nothing produces of them at scale. melissa: jack you bring the jokes to higher level on this show. i love it. thank you, guys. david: we met his mother. she is fantastic. beautiful, smart woman. melissa: very calm. might be the adult in the room. i think we solved it. david: that's it. call the mother. stunning new report on china's military. the pentagon says they believe pilots could be training for strikes here in the u.s. targets. we'll ask retired general jack keane what he makes of this report coming up. melissa: the jury still deliberating in the trial of judge paul manafort. the judge says he now received threats over this case. a live report from the occur house as we await verdict.
4:10 pm
david: new details coming out about justice department official bruce ohr and his connections to the author of the anti-trump dossier, christopher steele. kimberly strassel has been writing about this a long time. she has a dynamite piece in the "wall street journal." she is here to talk about it coming up. >> it's a rigged witch-hunt. it's a totally rigged deal. they should look at bruce ohr, his wife nellie. they shoed look at steele and all the fbi guys who got fired and demoted. ♪ with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth...
4:11 pm
are you in good hands? when you have something you love, ♪ you want to protect it. at legalzoom, our network of attorneys can help you every step of the way. with an estate plan including wills or a living trust that grows along with you and your family. legalzoom. where life meets legal. and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. so my doctor said... symbicort can help you breathe better.
4:12 pm
starting within 5 minutes. it doesn't replace a rescue inhaler for sudden symptoms. doctor: symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. it may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. grandpa: symbicort could mean a day with better breathing. watch out, piggy! (giggles) get symbicort free at saveonsymbicort.com. if you can't afford your medication, astrazeneca may be able to help. if you can't afford your medication, retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations.
4:13 pm
every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. it's a revolution in sleep. the new sleep number 360 smart bed is on sale now, from $899, during sleep number's 'biggest sale of the year'. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to put your pedal to the metal. and now, all beds are on sale. save 50% on the new sleep number 360 limited edition smart bed. plus 24-month financing on all beds. only for a limited time. sleep number. proven, quality sleep. >> i think that bruce ohr is a disgrace with his wife nellie. for him to be in the justice department and doing what he did, that is a disgrace. that is disqualifying for mueller.
4:14 pm
david: president trump laying into department of justice official bruce ohr for his role in the russia probe. here now to react is kim strassel, "wall street journal" editorial board member, fox news contributor, whose column today is titled, what was bruce ohr doing? and kimberly, one thing we know he was doing, long before the russia investigation was officially begun, was communicating with chris steele, the guy behind the truss dossier, right? >> yep. now we find out they have a long history going back years and even more interesting, that went beyond the russia investigation, when we initially seen some of this interaction with them early 2016, very revealing. about christopher steele a foreign national, i may add, lobbying this top justice department official on behalf of a russian oligarch. which seems noteworthy this guy goes on to write a dossier, suggesting that trump is colluding with russia and this
4:15 pm
is a big problem. david: the reason the timing, so many things are important here, one reason the timing is important, because the narrative in the media that the russian investigation didn't start until the famous meeting between george papdopoulus and the australian ambassador in the summer of 2016. turns out in fact they were ginning up this russia connection, maybe peter strzok at fbi or john brennan at cia they were doing that long before papdopoulus met with the australian ambassador. >> the springtime line is crucial and notable that the fbi is timeline they refused to provide any documents before from any request of congress. there seems to be something going on obviously beyond papdopoulus. what we really need for, we need president trump to declassify all of these discussions. david: that is true.
4:16 pm
>> discussions bruce ohr had with christopher steele in the 302 documents so we find out what actually passed to each other and what was turned over to the fbi and how early actually some of this started. david: that is extraordinarily important. president trump could do it immediately. one thing we do know about the communications is that christopher steele at one point acting on behalf of a russian, a russian who wanted to end the sanctions. that is the narrative according to the mainstream press about trump and the russians. that the russians were anxious to end the sanctions, if trump was president, therefore will collude with the trump campaign. turns out that was going on with the other campaign. >> this is going on with christopher steele. you really need to read the emails and communication to see, he is out right saying, can you help me out here? he never comes out and says, i am working on behalf of this, but it is very clear that he seems to have this russian oligarch's interests in mind.
4:17 pm
this man ole-f. he is asking about whether he can get a visa because he had been barred from getting one. whether or not sanctions could be lifted on some of his interests. what is a former british intelligence officer writing a dossier as you said all about those bad russians doing working for one of those russians? david: right. where do you think the information about donald trump in russia is coming from, if not from one of these cronies of putin's? let me ask another question. this is a simpler question but bruce ohr's wife was working for fusion gps, which of course hired chris steele, paid for by the democratic committee and the hillary campaign. isn't it illegal for a department of justice official to be benefiting his family by pushing a document that his wife is getting paid for to produce? >> well, not just the department of justice official. lawyers will note that any
4:18 pm
federal government employee is barred from taking part in any government action in which they have a financial interest. fusion was paying this woman, and by extension he would be benefiting because our spouses are considered part of our families when we file those financial disclosure forms in government, and she was getting paid by fusion gps. he was there for financially benefiting from the opposition research he was passing on to the fbi. david: which is against the law. you're not allowed to benefit financially from information you're using in an investigation. i would assume that breaking the law would be grounds for getting fired. i hope it is grounds for getting fired at the department of justice. apparently not. the guy is still there. >> nobody seems to be looking into this closely. one other thing too, worth pointing out is that the fbi's confidential human source program which is what christopher steele was a part of before he was fired, and he was fired for breaking the rules, it
4:19 pm
is not some willy-nilly thing. there is an entire manuel that dictates how these sours are cultivated, how you verify their credibility, the rules they must follow, the rules the agents must follow. he essentially flunked out of that when he went and spoke to the press and the fbi was required to terminate him. then the fbi basically ignores all those rules and continues to obtain all those rules and continues to obtain information from the justice department. that is very not on behavior, we need to know who authorized it, who knew about it, and why they could possibly justify uses those techniques, going around long-stated long time policy and procedures. david: we need more than anything else, stay on the case an come on "after the bell" as often as you possibly can. kimberly. thank you very much. melissa gets her next time. melissa: taking a victory lap the trump administration touting major economic success. what does steve forbes has to say about it? we're asking him coming up.
4:20 pm
you don't want to miss that. tensions against turkey reaching a new level. what steps should president trump be taking? general jack keane weighs in next. >> turkey has been a problem for a long time. they have not acted as a friend. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.
4:21 pm
metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal.
4:22 pm
blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my mbc with verzenio. be relentless. ask your doctor about everyday verzenio. be relentless. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.
4:23 pm
>> pastor brunson, they made up this phony charge that he' a spy and he's not a spy. he is going through a trial right now, if you call it a trial. they should have given him back a long time ago, and turkey has, in my opinion acted very, very badly. melissa: president trump threatening more sanctions on turkey, saying the u.s. would not tolerate mistreatment of pastor brunson. retired general jack keane is here to tell what happens next. general, strikings me turkey is
4:24 pm
supposed to be our ally and they are a member of nato but seems like they have gone a long way from there. what are your thoughts. >> they sit at the confluence of europe and the middle east. they are probably the most strategically placed country in nato. they have the second largest army by far, much larger than any other european army, military, not just army. the united states obviously has the largest. but you're absolutely right, melissa. this has been going on a couple years this, strained relationship. when the coup took place against erdogan in 2016, he was really frustrated that the united states and not a single nato nation came out to support him. to provide moral support for him as he was going through that. it is because he has become an authoritarian leader, he has taken away democratic values and, the united states and europe, certainly doesn't appreciate that the they're moving it.
4:25 pm
relations with turkey are at an all-time low. melissa: what needs to happen from here? you know, because the way you describe it, it does sound like, so it is nato, we're supposed to be defending each other. at the same time he has taken a big shift. i don't know, where do we go from here? >> i think the president is doing the right thing. there is a tug-of-war here for sure. they put a united states citizen who is residing in turkey in their jailhouse, pastor brunson, because we have a turkish citizen residing in pennsylvania who erdogan believes was the inspirational leader of the coup. fellow by the name of goulan he wants him back. we're not giving him back because we have no evidence to the claim that he was a participant in that coup. that is where this tug-of-war is. so i really think, that what will happen here, because, erdogan's economy is spiraling
4:26 pm
out of control. they have major, major problems. if we increase tariffs as we're doing, we increase sanctions as we're doing, that will exacerbate the situation. i'm confident the president will throttle back on all of that to get pastor brunson out of there, get back to a better relationship. even after pastor brunson comes home, he will come home this, relationship will still be strained. >> shifting gears before we run out of time, i want to ask you that the pentagon is reporting to congress that the china is likely training pilots for strikes against the u.s. and its allies in the pacific. what do you make of this development in general? >> well the united states national security strategy that president trump signed the at end of the december of his first year, the national defense strategy, both identify china as the long-term strategic threat to u.s. national interests. china's goals, they are, they are building, they have the most
4:27 pm
significant rapid military buildup of any country to include the united states in the world today. they clearly want to become a global military power. they want to dominate and control the asia-pacific. and they're well on their way to doing it to be frank about it, melissa. melissa: yeah. >> secondly they want to replace the united states as preeminent global power in the world today. so they are increasing their fighters, they're increasing their bombers. they're increasing their maritime ships. they're building, they're opening up ports and bases like the united states has around the world. they are clearly on the move. their economic engine that they have, and the capital investments that they're making, i just came back from southeast asia. what those leaders there were telling me is that the united states is behind, way behind china terms of the capital economic investments that they're making and a lot of it has to do with the last eight years and the united states being disengaged. they want us to kind of catch
4:28 pm
up. melissa: interesting. general jack keane we always appreciate your insight. thanks so much for joining us today. >> good talking to us, melissa. >> i love to have him here, but would be nice if he was back at the pentagon. the great debate is over, president trump striking back once again at andrew cuomo, the governor of new york, slamming him for his claims that america was never great. now the president has an unlikely ally in a late-night comedian. melissa: that never happens. we're awaiting a verdict in the paul manafort trial. the defense believes they're still in the game. why the lawyers for the former trump campaign chairman believe they have a reason to be optimistic? we are live at the courthouse for this story next. >> i think the whole manafort trial is very sad when you look at what's going on there. i think it's a very sad day for our country. ♪ alice is living with metastatic breast cancer,
4:29 pm
which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor-positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. alice calls it her new normal because a lot has changed, but a lot hasn't. ask your doctor about ibrance.
4:30 pm
the #1 prescribed fda-approved oral combination treatment for hr+/her2- mbc. [music playing] (ceo) the employee of the year, anna. (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event.
4:31 pm
at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. i have to tell you something incredible. capital one has partnered with hotels.com to give venture cardholders 10 miles on every dollar they spend
4:32 pm
at thousands of hotels. all you have to do is pay with this at hotels.com/venture. 10 miles per dollar? that is incredible. brrrrr! i have the chills. because you're so excited? because ice... is cold. and because of all those miles. obviously. what's in your wallet? melissa: we have some breaking news right now on the trade front. let's go straight to edward lawrence in washington. what can you tell us? reporter: melissa, the u.s. trade representatives office is holding a public hearing. they announced for 302, section 302 tariffs going into effect. we're talking about $200 billion of tariffs going into effect somewhere around sent 5th or at september 5th. that is the first time they can go into effect. these are goods coming from
4:33 pm
china into the united states. this is really what china is worried about, the next wave of tariffs that are coming. as we've been reporting today, there is a chinese delegation coming for the first time since june next week, to meet with president trump. they will work out a deal or framework to have a november meeting between president trump and president xi to try to settle some of these trade issues. but again we have $34 billion of tariffs already in effect. another 16 billion in tariffs on chinese goods that go into effect august 23rd, next week. this is the $200 billion coming after that, at some point after september 5th. the companies coming for the public hearing, ge appliances, american keg, american apparel and footwear association. a lot of folks will come to give their input in this. the u.s. is using this public hearing as a way to make their case, and say look, this is how it is hurting the united states, this is how china is affecting
4:34 pm
the united states and companies and hurting workers. in turn we can levy tariffs against the chinese products until they change their practices this is the next phase coming up. one the chinese are very worried about. melissa. melissa: edward, thank you. david: there is day two, there is no verdict as of yet, the jury determining the fate of paul manafort, asking if they can go home after 12 hours of deliberations. manafort face as prison sentence of 305 years if he found guilty on all 18 charges related to tax and banking fraud. fox's peter doocy with the very late e. we should get announcement a five, peter? reporter: within my anyone, they asked the judge to go home at 5:00 p.m. eastern. they didn't say they want to read a verdict at 5:00 p.m. eastern. apparently bun of the 12 has an event this evening they want to get to. i'm told while the deliberations
4:35 pm
are being paul manafort is in small jail cell without any reading material or tv. it is not clear if he knows the president said this morning he thinks it is sad what is happening with paul manafort but his attorneys certainly saw it. >> reaction to the president's comments? >> great comments. mr. manafort appreciates the support of president trump. >> how are you -- deliberating longer favors your client? >> i do. and he does. >> thanks, guys. reporter: today judge in this case, t.s. ellis, denied a request for handful of news organizations ap, new york time, to release names of the jurors. the judge ruled he can't do that without risking their safety. he suggested he has been threatened throughout the course of trial. he needs to travel everywhere with u.s. marshals protection. sounds like deliberation will continue monday.
4:36 pm
jurors asked for index of evidence to figure out what exhibit is tied to which charge. the judge said no. a source close to manafort team, the mueller team had exhibit, key to evidence, ready to go at closing arguments. for some reason they never submitted it or introduced it. david? david: interesting stuff. peter doocy. thank you very much. >> joining us now, john decker, fox news radio white house correspondent. john, i have to ask you for your opinion on this. when they said the documents were the stars, immediately i was like, uh-oh, because being a financial journalism for so long it is so hard to get people to focus on numbers and documents. tough make it personal, and the fact they came back and asked could we have diagram where we can try to connect all of these exhibits we looked at which charge they to to, may sound like they did in fact confuse the jury. what do you think?
4:37 pm
>> i think that is right to a certain extent. keep in mind over the course of the prosecution's case they brought on 27 witnesses. they introduced 360 exhibits. that is a lot of material. anyone was expecting this jury to come back within one days, even two days, with so much material i think is essentially fooling themselves. it is going to take time to go through a lot of this the tax fraud stuff i think is easier to do, medical melissa, than the bd and conspiracy stuff because as you mentioned it is so complicated. melissa: you served on one of these juries before, i have not. i don't know about our audience, when they go through many exhibits do you get a key, any information afterwards what you saw or just based on the notes you took? >> that is why you have notes. that is why you take notes. because -- melissa: that will lead to a lot of fighting among the jurors. >> what juries tip do go through the counts they all can agree on
4:38 pm
first. they handle ones they can not agree on next. perhaps they have already gone through the five counts of tax fraud and got them out of the way because they're easier for the jury to come to some sort of verdict. the other 13, not so easy. and it is all based upon the notes that each of those jurors took. melissa: wow. what do you make that they want to go home at 5:00 and they made that request? does it seem to you that means they know they have a lot of work ahead of them and there is a lot of disagreement, they wanted to set an out point on today, or who do you think bodes well for? >> so difficult to know. having been on a jury, served as a foreman on a federal jury that is exactly what we did. we ended up finding that particular defendant guilty on all counts. we took the weekend off. recharged our batteries. went to the beach on some cases. we came back monday, went to work, and ultimately got unanimous decisions on each of the count brought against the defendant. melissa: that is so interesting. jon decker, thanks for joining
4:39 pm
us. >> absolutely. david: all this economic winning may be far from over. president trump touting the economy at the white house today, telling members of the press how he believes this will all come into play in november, interesting. next steve forbes, forbes media chairman, sounding off on the trump economy and it is political implications.
4:40 pm
what might seem like a small cough can be a big bad problem for your grandchildren. babies too young to be vaccinated against whooping cough are the most at risk for severe illness. help prevent this! talk to your doctor or pharmacist today about getting vaccinated against whooping cough. where we're changing withs? contemporary make-overs.ay then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. just another day on the farm. or is it? this farmer's morning starts in outer space.
4:41 pm
where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed.
4:42 pm
david: better than ever. the president celebrating the latest economic numbers as he left the white house this morning. take a listen. >> the economy is maybe better than it's ever been. the numbers are coming out, the best they ever had. we just came out with youth numbers. they have been just fantastic. off the charts. we're happy about that. i think for that reasons think in november we'll do extremely well, extremely well. david: joining me is steve forbes, forbes media chairman. steve, the two things i love about this, first of all the economic boom is real. we all benefit from that one way
4:43 pm
or the other. >> right. david: secondly is makes fools of those people that never said it would happen. i love it when the so-called experts are so dead wrong. >> most of those experts who are wrong oppose this man anyway. so it is not a surprise they thought the world was going to come to an end. they will continue to predy, just wait, it will all blow up. david: even before president trump was elected, back in the waning days of obama era, folks you have to get used to slow growth. >> they called that the new normal, which was really the new abnormal. now we're getting back to the real normal, which is this economy has the capacity to grow at very vigorous pace. we've seen it time and again in past. david: art laffer spoke about this point. he was talking on fox news, talking about the potential for growth, the harnessed potential. now the harnesses are being taken off. let's play the sound bite to get steve to react. >> we have long way to go on
4:44 pm
participation rate. it can go up a lot higher. my view it is possible for next eight or 10 years it is possible to get us type of growth to bring us the standard of living when we were living at after clinton left office and we had the disaster of w and obama. david: art's point much more labor participation, much more people in the economy, much greater productivity number we have. >> productivity comes from business investment with signs of life. the other thing to watch for, is new business creation. we had very slow period of that for a generation which creates the big companies for tomorrow. so if we don't trip up on trade war or the fed does something crazy, we should have 4% growth after 10 years at 2%. remember, 3% is the normal for this country. we have a lot of catching up to do. david: i love, it is who's participating in this economic growth. we got figures today of young
4:45 pm
people between age 16 to 24, the youth, the greatest jobs number we had for that group in 52 years. >> you will see people who thought they were dropping out of the labor force, slowing down, coming in. the greatest trainers for job creation training is not government programs but companies, needing to train people to do greater things. david: what happens if democrats take oaf congress in the fall? will that halt this progress or not? >> that will slow down investment because the house of representatives will do a lot of crazy things. the key thing is, what people think will happen in 2020. will the democrats sweep the elections in 2020? i don't think it is going to happen. >> i want to switch quickly to earnings reports with the president coming out today saying maybe we don't need quarterly reports. maybe we could do with two a year. what do you think? >> certainly for small companies something should be done to ease burden of regulation and filing n europe, many countries there don't require quarterly reports.
4:46 pm
so smart companies will do it every six months and give guidance how things are going. investors want information, companies will supply the information will do better than those who don't. >> to play the devil's advocate here -- >> bureaucrats. david: tesla is not a small company in terms of the market cap but it is a new company, and it is having terrible growing pains. see what happened with elon musk. it is burning through cash. don't investor deserve to have more than twice a year reports, particularly for a company that's, whose money flow is changing so quickly? >> well again, six months you're going to get a pretty good picture what a company is doing. a company that is struggling, burning through cash, remember amazon went for years without reporting a profit at all. david: that's true. >> you give progress reports, what you're doing, why you think it will work out. tesla's problem is not quarterly reports, it is huge production problems. making cars is not an easy thing to do. david: by the way, do they
4:47 pm
survive? >> it will survive because of the wonderful design of those vehicles but the role of elon musk is an open question. he has got such a brand even with all this latest troubles that a company may take over tesla will want him there doing design, and but the real challenge for musk going forward is can he do what steve jobs did, learn how to bring a creative team that can fill the gaps in terms of production. he has lot a lot of executives which shows bad pangments. >> sounds like the new york yankees. >> don't bring that up, david. david: that was below the belt. >> that is the only sign civilization might be in trouble. david: steve forbes, have a great weekend. let's hope the yankees win this weekend. melissa. melissa: one of the biggest democrats on late night comedy is taking the side of president trump, you might be on the wrong side of history, governor cuomo. just saying.
4:48 pm
you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges... how mature of them. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ and butch.aura. and tank. and tiny. and this is laura's mobile dog grooming palace. laura can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal.
4:49 pm
retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. 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. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone.
4:50 pm
its a new kind of network designed to save you money. click, call or visit a store today. there's also a lot to know. the most important thing? medicare doesn't pay for everything. yep...you're on the hook for the rest. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay some of what medicare doesn't. so you could end up paying less. and these are the only plans of their kind endorsed by aarp. selected for meeting their high standards of quality and service. call unitedhealthcare insurance company now to request this free decision guide, and learn more. like, medicare supplement plan, give you the freedom to go with any doctor who accepts medicare patients. it's nice to have a choice. and your coverage goes with you, anywhere you travel in the country. we have grandkids out of state. they love our long visits. not sure about their parents, though. call unitedhealthcare
4:51 pm
and ask for your free decision guide today. >> that is the dumbest thing you can say as a politician. that is like closing your speech with, apple pie sucks, i'm lukewarm on the troops and those stripes make the american flag look fat. thank you, i hate my mother! melissa: rare late-night support. stephen colbert siding with president trump over new york positive cuomo's comments saying america was never great. president is not letting up on como today either. here is one of the tweets. big pushback on governor andrew cuomo of new york about his really dumb statements about america ace lack of greatness. i have made america great again. look at markets, job, military setting record. we will do even better. andrew choked badly. mistake. so hard to tell what he is thinking at times or feeling. joining me republican strategist ford o'connell.
4:52 pm
you know what strikes me about this, if only republicans in new york could capitalize on this, but you know, they could put in a candidate that is a veteran and they do have a, fielding a candidate in the race but he is somebody who not a lot of people know. and, i don't know that he will be able to capitalize. what are your thoughts on that? >> i think it is going to be very, very hard for him to capitalize. what the new york gop needs to do is take cuomo comments, experiment with them, find out what works. i would also say you get a third party group to vote against primary opponent cynthia nixon. make the vote. they will be back on the ticket, cuomo and nixon in the general election and hopefully medical molinara can squeeze throughcolgate-palmolive barrett is right. house republicans were worried the economy won't be enough.
4:53 pm
this would help juice voter turnout. melissa: why would he make a statement like this? do you think he meant to say something else? or is he fighting to try to be progressive, cynthia nixon's criticism was he thinks that is what a progressive sounds like, or is this how democrats peel? what is your honest assessment why this happened? >> to be honest i think it is all of the above and here's the deal. when you look at polling you see about 32% of democrats are extremely proud to be an american. so there is a strand of the democratic party that does actually think that america was never that great. at the same time, he wants to get rid of cynthia nixon and put her to bed and doesn't know exactly how to do it. you never want to be the candidate arguing which party you're in that america was never that great. melissa: it strikes me like the crumbs comment. it is like the deplorables comment. you hear it, you go whoa, that was a huge mistake. that is one of the ones that will really stick for a long time, am i right? >> i think you're absolutely right. i think this comment is likely to go down as the worst comment
4:54 pm
uttered by any candidate this election cycle along par with clinton's basketful of deplorables. the question whether or not the republicans capitalize on it. they need to get on this comment, figure out a way to help boost candidates, not just in new york, particularly in flyover states where the comments don't sell well. melissa: tell me a little about fork. now we're in a situation we're getting killed by taxes. my taxes have gone up with the tax cut not down, because we're in a state where our local and state governments spends money like water. and you know, while the budgets are way up, the city is a bigger mess than it ever was before here in manhattan. why are republicans in general not able to seize on more of this? i mean we saw the president win impossible places. other candidates win where they say republicans never win. why can't they do anything about new york? >> they don't have the same ideas of president trump, and they don't have the same ability to control the news narrative.
4:55 pm
i promise you a republican made the same comment cuomo would made they would ask for apology and asking for him to resign. there are nine republican house members in new york state. they should use this as fodder not only to be touting the trump economy and creating a contrast, reminding voters exactly what the consequences are you if you put democrats back in power in washington. that will take away benefits, higher taxes, open borders and possibly impeachment. there is nothing that fires up the republican base, regardless what part of the country you're in, more so than illegal immigration and impeachment. melissa: ford o'connell, thank you for your time. we appreciate it. >> thank you, melissa. melissa: could you believe that? david: no. melissa: did he really just say that? david: what is really amazing could very easily, and probably will get reelected. melissa: yeah. david: i mean the opposition here, the new york republicans are not putting forth the candidates that could take him on. they may. i mean, there is still a little time before the election but we'll see.
4:56 pm
to live longer, and lose weight, you might do this exactly the opposite what we've always been told to do. take a bowl of pasta at dinner or a slice of pizza. oh, they look good. ♪ but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands? you wouldn't accept from any one else. why accept it from an allergy pill? flonase relieves sneezing, itchy, watery eyes and a runny nose, plus nasal congestion,
4:57 pm
which most pills don't. it's more complete allergy relief. flonase.
4:58 pm
4:59 pm
melissa: finally, this is the best story of the week. you can stop cutting out carbs. eating pasta can help you live longer. and french fries, entirely. david: absolutely. look at those pretzels from pennsylvania. according to research published in the "lancet" journal, scientists found that low-carb diets with increase the risk of dying young because the diets tend to result in lower intake of healthy fruits, vegetables and grains and more meat which can lead to a loss of nutrients, harmful inflammation and aging.
5:00 pm
we need pizza in there. that's the good thing. melissa: all i heard is i should eat more pasta so i'm going to do that tonight. throw inpizza, too. david: then you have to have beer. enjoy yourself. the man made up a charge he's a phony spy. he's not a spy. he's going through a trial right now, if you want to call it a trial. they should have given him back a long time ago. turkey has in my opinion acted very, very badly so we haven't seen the last of that. we are not going to take it sitting down. they can't take our people. you will see what happens. liz: the white house is ready to rachet up the pressure on turkey, which is on the brink of a major recession. this as the turkish people videotape themselves breaking their own iphones after the

137 Views

info Stream Only

Uploaded by TV Archive on