tv The Evening Edit FOX Business August 24, 2018 5:00pm-6:01pm EDT
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benefits. kristina: it's a whole thing, moderation. is that really what we wanted to tell everybody on friday afternoon? ashley: i called the survey rubbish but they tell me i can't say that. kristina: doesn't mean we're not going to go have a drink after this, right? ashley: absolutely not. "evening edit" starts right now. john: thank you, ashley. president trump canceling secretary of state mike pompeo's trip to north korea next week, saying the trade tiff with china is contributing to problems with north korea. a dozen of the largest tech companies in the country meeting today to prepare for the midterm elections. but they have already taken down hundreds of misinformation accounts originating out of russia and iran. is it too late? the war of words continues between president trump and attorney general jeff sessions. trump telling sessions he should be investigating democrats. we bring you the latest. thank you for joining us. thank you for watching. money, politics. we have the debate behind
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tomorrow's headlines. i'm john layfield in for liz macdonald. "the evening edit" starts now. john: the dow closing the day up 133 points at 25,790 while the s&p and nasdaq closed at record highs as netflix jumps. more on your money in a second. first, president trump canceling secretary of state mike pompeo's planned trip to north korea, citing lack of progress on denuclearization talks, but also pointing a finger at china, tweeting earlier today i have asked mike pompeo not to go to north korea at this time because i feel we are not making sufficient progress with respect to denuclearization of the korean peninsula. additionally, because of our much tougher trading stance with china, i do not believe they are helping with the process of denuclearization as they once were, despite the u.n. sanctions which are in place. joining me with more on the latest from the trade talks
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between the u.s. and china ending without a deal, susan li. >> we could have that chinese delegation in washington, d.c., a midlevel delegation, they have left. the talks are over, no progress, no breakthrough and more importantly, in a nuanced role of diplomacy, no follow-up discussions announced either. $16 billion worth of tariffs have now gone into effect, part of the $50 billion package announced earlier this summer, including u.s. autos, tractors, textiles, energy products, metals. they will now be tariffed in china. also with the trade delegation leaving without any breakthrough, any possibility of any more discussions being announced, that means $200 billion of chinese goods, extra chinese goods that president trump has threatened 25% tariffs on that are currently in public hearings. that could soon get more expensive for you as well, starting in september, next month, in just a few weeks. being impacted in the future, you may have to pay more for
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apple watches, fitbits, and this is concerning for the consumer as it might hit the wallet of the average american in the future. we should point out the u.s. and china trade relationship is the largest, $600 billion, probably the most important in the world. economists say for every $100 billion worth of goods that's tariffed, that's half a percent shaved off global trade. that's definitely something to watch. you see also ahead political ramifications as well. they will talk on the sidelines of the g-20 after the midterms and politics always plays into it. some say china is just trying to wait it out at this point. john: thank you very much. have a wonderful weekend. gordon, there is no major progress between this week's trade talks, as the two just imposed additional duties on $16 billion worth of each other's goods. are we at a standstill with china? >> i think we are. it's not just trade, not just north korea, it's really across
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the board. xi jinping has identified the u.s. as strategic adversary for china. that means he will give us a difficult time. in one of his tweets, president trump said they aren't helping us with north korea because of trade. that's actually wrong. they aren't helping us on trade because they aren't helping us on trade anyway. they aren't helping us on north korea and they really never have. what's going on is xi said i'm sticking it to you, donald trump, and i'm going to do it regardless. john: he's a proud leader as anybody should be of any country. he can't back down here, it seems. what is the off-ramp for xi? how does he get out of this, still save face and be able to say he won as far as china goes? >> this will be difficult for him. maybe there can be some sort of little compromise he makes but for the most part, he's got to win this because he's lost some authority over the last several months. we don't know exactly how much, because the system is so opaque, but for him to get back his authority, he's got to humiliate
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president trump. so this is really a zero sum game right now. also, the things that we want from china, the things we need from china like stopping i.p. theft, no industrial policies, no subsidies, these are things that china feels it can't give in on. so really, what we've got is a standoff that's not going to last just months, maybe not even last just years. this could go on for a very long time. john: that's how trade wars start, when both sides view it as a zero sum game, right? because the president can't give in, xi can't give in. when the u.s. delegation went to china, that first one, the chinese papers that morning were saying stand up to the bullies from the united states. this seems to me that this is a no win on either side. >> well, yeah, but got to remember the chinese are taking hundreds of billions of dollars of u.s. intellectual property each year, either by theft or by force taking. we've got to stop that because we have an innovation based economy. john: how do you stop it?
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you say tariffs won't work. how do we stop it? >> tariffs will work if we really put them on, then not just 25% tariffs. you can go to 100%, you can do a number of things. the other thing you can do is even more drastic and that is going to be just an importation ban. people say oh, we should just talk to the chinese. we have been doing that for decades. even we come to agreements with china and they still don't work because they don't honor it. that means we have to impose costs and whether it's tariffs or import bans or maybe even something worse, we have got to do it, unfortunately. john: do we really want to cripple the world's second biggest economy? it sounds like you think that's the only way we have to get away from this theft of intellectual property. >> we don't want to cripple them, but the point is, they believe in certain things which are incompatible with a global trading system. the problem right now is that at the heart of global commerce, you've got a country, china, that does not believe in comparative advantage. they have been violating their world trade organization obligations. they have been violating their
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obligations to us, the bilateral ones. really, we got our backs to the wall. we don't want to do this but almost have to do this. john: will this drag on past midterms? sounds like you think it will. >> this will drag on past president trump's presidency and when he wins his second term. it's still going to be for the next president. we have had this with president clinton, with bush, obama. you know, this is going to go for a very long time. john: in technical terms, we have a world that's messed up, don't we? >> a really messed up world right now. the problem is we tried to engage china, tried to bring it into the international system, going back to nixon, but it hasn't worked because the chinese have just gotten worse across the board. not just trade, not just north korea, but a whole lot of other things. john: gordon, thank you very much. incredibly interesting stuff. turning to the nafta trade deal, there seems to be getting close to a deal with mexico, with both sides saying negotiations are advancing. it's not clear how this will all
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shake out. joining me is brad blakeman. both sides have reportedly agreed to raise the amount of a car that is manufactured within north america. people argued 62.5% to 75% is almost impossible with an integrated supply chain that it's gone through. what else has to be worked out if we are going to work out a deal with mexico? >> this is coming down to sharpening your pencil and math. what is the proper amount, what is the percentage that will satisfy mexico and the united states with what makes a car. a chicken is worth more in its parts than its whole. same thing can be said about an automobile. it's not just where the car is transferred from. it's what it's made out of and where the parts and components come from. i happen to be very optimistic. the mexican minister was here in the united states this week negotiating with our trade minister. i think they are very close to a deal. also piggybacking on what gordon said, the chinese are looking at what's happening in our own
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hemisphere. they want to see what we do in our own neighborhood before they change their behavior. i think it's very important to make a deal with mexico. it's unfortunate that canada decided to sit this one out but let's make a deal bilaterally with mexico and see what happens. john: do we have to pick a trade fight with the entire world? seems like that's what we've done. if that's what's necessary, that's what's necessary. but did we have to? >> yeah, we did. friend and foe have been taking advantage of america for too long. we are in the catbird seat now. our economy is doing well and now we have to use all the leverage -- we aren't looking for anything that we are not entitled to. let's make fair deals. there's no better time to do it than now. john: mexico's economic minister, the one you mentioned a second ago, said it's better having a good agreement than a fast agreement. why did we go with mexico first, just because canada backed out, and do you think it's right to renegotiate nafta in two bilateral deals instead of the trilateral deal that was originally negotiated? >> i do. i think after a quarter century
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of nafta existing with a multi-lateral agreement, i think it's time now to change course. if mexico wants to deal with us, canada does not, it's their choice. let's make a deal with mexico. maybe that will help bring can gabbing canada back to the table. a lot has changed and i think it's in all our interest to make a fair deal for both parties. john: it seems like we were up against a couple timelines, the president getting into power and also the midterm elections. it seems like we don't get a deal next week, this could drag on easily into early next year. >> if we don't make a deal early next week, i think we have to be patient. the mexican minister is right. the idea is to get a deal hopefully by the close of the year. i think that will be an excellent opportunity. let's not make trade part of the equation for the midterms, because we have a lot of good things to talk about. it would be nice to have a trade deal but it's not the end-all if we don't get it. john: speaking of the end-all, lot of this, you mentioned the
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chinese are watching this deal with mexico. seems like canada is watching. you think we end up getting a deal with mexico, those other two trade policies, two bilateral agreements with canada and china, were easier to get done? >> i think it certainly gives us the opportunity to get it done. it's all up to the parties you're dealing with. but if we make a deal with mexico, our second largest trading partner, canada, we close up our own hemisphere, i think it makes -- the wind is at our back. makes it much easier to deal with others once we have our own backyard sewn up. john: great to see you. thanks very much. have a great weekend. let's check your money. markets closing in the green today. the dow up triple digits. nicole petallides is on the floor of the new york stock exchange with the latest. nicole: all green and a record day. the s&p 500, the nasdaq and the russell 2000 also within record territory and the dow jones industrial average gained 133 points. jay powell with dovish comments
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in jackson hole, talking about a solid economy, seeing that growth but not seeing inflation overheating. that boosted stocks higher. looking at the dow, we had five names. about half the dow's gain is from these five names. united health, 3m, boeing, caterpillar, visa and american express, all-time highs. consumer stocks did very well. that group in general, nice run, best in about two months. we saw names like t.j.x. up 7.5%, lowe's 9%. while the longest bull run in history continues, we look at netflix which is up over 100% in the last 52 weeks. sun trust, robinson upgraded the stock to a buy and that gave it a boost. it had it strongest week since january. you saw the up arrow today. that helped things along as well. people feeling pretty optimistic still. back to you. john: president trump continuing the war of words with attorney general jeff sessions, pleading with him to start investigating democrats like james comey,
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and it looked like it was dead. you have online that is taking over everything. amazon is the new walmart. 20 years ago, we talked about walmart killing all the mom and pop stores. now amazon is killing walmart and killing everybody. you have a bifurcated market as far as earnings. sears is heading to the tar pit, it certainly looks like. gap earnings are down. macy's, kohl's and target blew away earnings. what is going on in retail? >> it's very interesting because amazon is still the strongest in that sector. they are still making new highs constantly. everyone is still competing. i have to tell you, target came out this week with earnings, they were up. walmart had earnings the other week. they were up huge overnight. i like that stock, too. these stores that had the brick and mortars are trying to compete in the store and online with amazon. amazon does not have an online store. if they can compete with them in both arenas, walmart and target can go up against these people. penney and sears, unfortunately, i think they're out the door.
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john: michael, i want to ask about sears specifically. once the dinosaur starts to head for the tar pit, tends to never turned around. they tried with yahoo! but it seems to me sears is just hanging on. are they on life support and will not be around the next five years? >> yeah, well, eddie lampert went in and stripped out all the good assets for his hedge fund. sears' days are clearly numbered at this point. john: you think eddie lampert ruined it? >> you know -- john: sounds like you said that. >> he brought in some really smart guys to turn it around 12 to 15 years ago, maybe even a little longer at this point and none of them stuck around. he didn't want to pay these guys. slowly but surely, it's been like the dutch boy sticking his finger in the holes. it's been one problem after another. with amazon coming along, the days are clearly numbered for this company. >> you have to be innovative. one thing walmart has done, this is really recent, it was before the earnings came out, you can go online and buy furniture and put it in a room like a 3d
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virtual. like if i want to buy furniture for a living room, that's pretty cool. you have to be innovative if you will compete against amazon and sears and j.c. penney have not been. john: i want to ask about something that's innovative, netflix. they have the best predictive software there is. they have not been able to get replicated despite the fact a lot of companies have incredible a.i. scientists. the model doesn't necessarily make sense to me. i get the fact they have this incredible content, incredible predictive software, but you have incredible competition right now coming from amazon, from apple and from everybody in the world now streaming. netflix is at a new high. does netflix continue on this bull run? >> i really like netflix as a long. it failed in the earnings. looking at the market, i'm bullish on the market so netflix is still on the up trend even though it crashed on the earnings. i still think it can make new highs. what i do like, i think the strongest point is netflix as far as they are creating their own content. in other words, if you want to watch show abc, you might
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subscribe or you won't get it. that's the only way you can see that show. once you're in and you have it and love that show, whatever the show is, like this show, you want to watch every night, you don't want to miss it, so that's something, they are ahead of the game with that. they are ahead of the game with these other companies. that's why disney is trying to do more of that, too. disney now pulled back and will do their own content and put it even more in a special way where you must subscribe to that specific channel online and on tv to get it. that is one of the reasons i like netflix. i know the model as far as profitability doesn't make sense but look at what the stock has done. it split again and is halfway up behind where it was whenever it split three years ago. john: what worries you? there's a lot of people out there with incredible optimism, also people on the other side who predict the coming apocalypse out there. this is the longest bull market in history. what worries you, the presidential alleged payoff the a porn star, inflation, the house turning to the democrats,
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the trade war? what out there worries you? >> you know, if something bad is going to happen or something's going to turn this market, something we don't know about, one of the reasons retail is taking on water is that since november 2016, you have seen a remarkable turnaround on the people at the lower end of the labor scale, meaning those with less than a high school education or only a high school education. the unemployment rate for people with a high school education or less has basically been cut in half over the last three years, and what's not talked about is when you look at wage growth, when you add not only average hourly earnings, when you have additional hours worked, plus one-time bonuses, average hourly earnings are up about 5%. what we hear about is this consumer debt bubble. i can tell you this consumer debt bubble simply does not exist. when you look at debt to assets, it's at the lowest level in 30 years. when you look at debt service to disposable income, so the percentage of after-tax money it
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takes to service a consumer debt, it's also at the lower level in 30 years. >> i do think people are still in debt, though. john: sounds like you are very bullish. >> extremely. john: sorry we got to cut you off. we have a whole show to get to. one of the greatest sports gamblers in the world will be here later today. the family of arizona senator john mccain saying today he's suspending his treatment for brain cancer. well wishes pouring in from congressional colleagues after the announcement. he was diagnosed last summer with an aggressive form of brain cancer and had been undergoing chemotherapy and radiation treatments. he turns 82 next week. our best wishes are for you, senator mccain. you are a war hero, sir, and so many look up to you. we thank you for being who you are. best wishes to you and your family, sir. coming up, big tech meeting today to figure out how to keep russia and others from spreading misinformation before our midterm elections. is it possible? first, president trump and attorney general jeff sessions
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john: democrats have traditionally wanted tariffs to protect union jobs but now that a republican president does it, democrats aren't defending him. joining me, fox news contributor and former clinton pollster, doug schoen. happy to have you on. i wanted to ask about this. seems we are in an alternative universe. we have a republican president advocating tariffs. republicans that aren't necessarily backing him but democrats not backing him either. are we in an alternative universe? >> things have really flipped. i'm a pro-free trade democrat. a lonely democrat. so i'm against the president because i believe in globalism, in interdependence and in trade relations as being the best way to build political relations. my democratic colleagues, i don't know what they think. they have flipped, you're right. i can't explain it other than to
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say it's just pure politics. sad. john: so this entire thing with jeff sessions, jeff sessions, president trump continuing to spat with attorney general jeff sessions, with a pair of early morning tweets saying i quote, department of justice will not be improperly influenced by political considerations. this is great. the president responding what everyone wants so look into all the corruption on the other side including deleted e-mails, comey lies and leaks, mueller conflicts, corrupt dossier, russian collusion by dems and so much more. open up the papers and documents with that reaction. come on, jeff, you can do it. the country is waiting. what do you make of this? seems like an either/or. you got to do one or the other. >> i don't think you have to do either/or. i think we should do both. a lot of the questions, maybe not all, but a lot of what the president raises are fair questions but i've got another issue.
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if the attorney general is not serving the interests of the public in the way the president now and in the past has suggested, why doesn't he remove him? get somebody else in there who will reflect his interests. now, you know, i know he has problems with the recusal. i know he has problems with how he's operating but also, we would like to see the documents the fbi and justice department have refused to give to congress. they should be declassified. john: lindsey graham brought this up and said perhaps after the midterms, seems like it would be politically not expedient to fire sessions before the midterms. would that be correct? you think after the midterms he gets the axe? >> i think he's going to need to get the axe if the president will get his own agenda to go through. i asked the question why is he still there? why not after the recusal which the president vehemently opposed didn't he get himself another attorney general? right now, rod rosenstein is running the justice department, pure and simple. john: as a democrat, you have to love all this because it's
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taking away from a pretty good economy. the news being on the economy. americans tend to vote with their pocketbook. as we talked about in the break, republicans will probably get killed in the midterms. history says they will. >> my big take from this week is that with manafort and cohen dominating the news, there's been no talk about the great record stock market, the record close today, the huge retail news you were talking about before, and the gross employment along the lowest stratus of our society. that's all great news. republicans have no message, you are absolutely right, the out party invariably wins the midterm. my guess is barring some extraordinary event, democrats will have a big victory in november. john: you remember the clinton impeachment. >> i do. i worked for bill clinton then. john: the misstep the republicans made in doing that. the democrats themselves don't seem to have a voice right now, unified voice. they seem to have a far left
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wing, they don't have a unified message. is impeachment going to play any part of these midterms? >> i hope not. i think they would do best to talk about the issues. since they are so divided, you are exactly right, their best message is one word. resist and maybe three words, and oppose. that's what they will do. i think it will bring them victory. it's sad that my party doesn't have an inclusive pro-growth agenda. hopefully between you and me, we can get them there. john: we can get them there real quick. i want to ask about one thing real quick. elizabeth warren i don't think has any chance to become president. my personal opinion, i don't think andrew cuomo does either. biden is not a great campaigner. bernie sanders is too old. who do you run in the next presidential election? doesn't seem to be a name out there. >> well, the democrats are clearly divided. while i agree, i think i see it the same way you do, republicans are going to get skunked in november. because the democrats don't have a clear announced candidate now, i think the favorite remains
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donald trump despite the news of this week. john: interesting. >> yeah. crazy times. john: great to see you again. to some sad news. our dear friend robin leach, british journalist best known as host of "life styles of the rich and famous" and good friend of this program, has passed away. he was a frequent guest, weighing in on issues from politics to hollywood and more. robin leach, dead at 76 years old. he will be missed. ♪ 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.
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john: chicago failing to close its $28 billion pension funding gap with pension cuts, benefit cuts and tax increases. now the third largest city in the u.s. is considering a controversial new $10 billion fix. fox business jeff flock is live in chicago with the story. what's the plan? reporter: well, sounds like a little crazy, maybe, if you are in big debt, why don't you just go borrow some money to get out of debt. that's sort of what chicago is planning to do. as you point out, take a look at the numbers. it's $28 billion short in the pension fund that would pay the retirement benefits for its police, firefighters, municipal employees. so what they plan to do is float a $10 billion, i said $10 billion with a "b" dollar bond offering and the theory on this is if you can get a low enough bond rate to pay the bond
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holders, low enough interest rate in this era of rising interest rates, maybe you do better with the investments going forward and make up some of that big deficit. i know it sounds kind of crazy but that's what a lot of municipalities have done. as you know, across the country, there's a problem with pensions. they are underfunded in small cities and big towns all over the country, and some people have tried this and had some success with it. so chicago, mayor emanuel, who has been a pretty good steward of the city's finances since he became mayor, is going to make a decision on this next week along with his chief financial officer. they say they will decide and if they do, we will see if there's any bond buyers out there that are willing to take a crack at chicago's pension deficit. john: doesn't seem crazy to me. seems ignorant to me. how do you solve a debt crisis, by more debt. it doesn't work. hasn't work anywhere else. not sure how that works. reporter: you roll the dice when you're in chicago sometimes. john: yes, you do. in debt like that, yes, you do. thank you very much.
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have a wonderful weekend. president trump accusing social media platforms of censoring millions of users, tweeting quote, social media giants are silencing millions of people. can't do this even if it means we must continue to hear fake news like cnn, whose ratings have suffered greatly. people have to figure out what is real, what is not without censorship. this as members of the largest tech companies met in san francisco discussing efforts to counter manipulation of their platforms ahead of midterm elections. today the department of homeland security and the fbi holding a joint briefing for election officials with facebook and microsoft on recent actions taken by both companies to combat foreign threats. plus, this just in. twitter's ceo jack dorsey is set to testify to the house energy and commerce committee on september 5th on the gop bias claims. taking a stock check. google, twitter and facebook end the day in the green. let's take it up with
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christopher bedford. chris, social media seems to be preparing for the midterms but it seems crazy to me because you have people that have an inherent bias, whether it's liberal or conservative, inherent bias making subjective rulings on content. how does this play out in the election? >> the social media companies need to figure out what they are right now. originally they acted like they were just message boards. they weren't responsible for the content that was posted there. you could freely post whatever you wanted to. president barack obama was elected and used social media and mined social media, that was called brilliant. then when president donald trump was elected, people looked really closely at social media and said it was once brilliant and is now insidious and evil. social media giants clamped down and said geez, we're publishers, we have to be responsible for what's on our page. that puts them in one heck of a bind right now. it's not too difficult or too sophisticated for the russians or anyone else to set up a page to attack and if they want to
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start taking responsibility for everything that's on their platform, they are setting themselves up for massive, massive liability. john: isn't there some personal user responsibility? you talk about fake news but there's a flat earth page on facebook, there's a page that's the biggest repository of cat videos in the world. if you get your news from there it's like ron white said, you can't fix stupid. isn't there some personal responsibility for people where they glean their news and the fact they don't check it? >> you don't believe in bigfoot? there's a lot. the misinformation is not a new thing. russian interference in elections is a hundred years old. they had a party, the communist party of the united states. none of these are new things. people are treating them like they're new because people are lacking a lot of historical perspective. since before the printing press, misinformation has spread. i would actually say the internet as opposed to making it too easy to spread, makes it much easier to fact-check. individuals can check is this real, they can check it out and find multiple sources much more
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easily than in the past. i think people are blowing it out of proportion. john: i don't believe in bigfoot, but i do believe in the loch ness monster. that thing is real. chris, thank you very much. >> thank you. john: democrat elizabeth warren saying the murder of iowa college student mollie tibbetts is hard for her family but the real problem is separating families at the border. she said that. we will show you what she said. first, legal sports gambling changing the way sports is being watched. we've got the philly godfather, best sports gambler in the world with his insight. you don't want to miss this. he's next. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together
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when the guy in frontd down the highway get your first prescription free slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. 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
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liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ [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. john: with sports betting now launched in four states and three more on the way, steve malteves is at the forefront of the revolution. known as the philly godfather, he's a legend in sports betting. true american rags to riches
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story, the son of a greek immigrant who at 8 years old was helping his father with hot dog sales on the streets of philadelphia, later became one of the biggest gambling syndicates in the world on the east coast and one of the most successful. listen to these numbers. he's 11-0 this year on nfl picks. he was 14-2 last year in college bowl games, 17-3 in nfl games. he's called the last two major league baseball matchups before the season started for the world series at 50-1 and 15-1 odds. steve also called the presidential campaign. and bet on it. he also called the last super bowl. one of the best quarterbacks in the world against a backup quarterback, and he clicked reportedly six figures on the amount. i admit, he also had hard times and ended up in a prison stint for marijuana possession which got overturned and was expunged. that's part of the story of sports betting. it's now in the mainstream.
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you are at the forefront of this multi-billion dollar industry. you are in the captain's chair. you are captain kirk. why do you win so much? >> we are able to identify value in the market. there's so much statistics out there. we have connections offshore and in las vegas. we share a lot of information with other sports betting syndicates and do a lot of research. i'm on the computer eight to ten hours a day. it's a lot of hard work. we read the market very well. john: you have been cut off from a lot of sports bookies. you were cut off at delaware park, you were cut off from a lot of overseas betting houses for winning. i want to ask you specifically about the super bowl. did you bet, from a reported six figures, and also how in the world did you have the guts to bet against the greatest quarterback probably of all time against the philadelphia team that had a backup quarterback? >> going into the playoffs, i really felt nick foles was undervalued. he played the game against the
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raiders in bad weather conditions and outperformed derek carr. same thing against the falcons. wind gusts up to 40 miles an hour, outperformed matt ryan. going to the championship game, i went on every radio station in the country, espn, and predicted nick foles would have one of the best games of his career. obviously, i didn't expect him to win by that much, but the vikings' numbers dropped off significantly when they leave the dome and they come to a different city. their numbers drop off big-time. when they came to philly, philadelphia had a better nucleus. the quarterbacks were about the same. case keenum was having a great year. in the end, philadelphia won the championship. john: you have all this documented on philly godfather.com, which is your website. you can go in and buy on your subscription service. i have been in sports my entire life. i never heard anybody talk sports like you, like a stockbroker, when you are talking about sports. it's all analytical to you. i would assume that it's investing. what's the average recreational better do wrong? >> doesn't spend enough time researching the game.
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if you are going to buy a house, you do comps, you see how good the schools are, the upgrades on the property. you might spend 30 or 40 hours looking to buy a house. might look at 20 houses. come game day on sunday, recreational better hasn't done his homework and just bets on his home team. he thinks they looked great last week but maybe his team last week played a subpar team and this week, they are favored and he wants to bet with his heart and will end up losing. they really don't spend enough time. they love betting favorites. they love betting overs. they love scoring. that's not how the nfl works. john: how much do you put emphasis on odds? if you have a betting house in jersey, the odds will be skewed to the home team. they will all bet on the giants or jets or whoever the home team is. it will skew the odds because of the amount of money going. you saw it last year with the las vegas knights. the betting almost broke bookies. how much emphasis do you put on the odds? >> you will have an east coast and west coast bias. the eagles, the giants, the
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ravens, their futures will be much lower because everyone is putting money on them in atlantic city, at the meadowlands. out west, teams like san francisco, the rams, their numbers will be different than they are. john: real quick, don't have a bunch of time, you have been so good at predicting stuff, i want to ask you, boston is a 4-1 odds of winning the world series and the new england patriots about 6-1 depending which house you go to. who wins the world series and who wins the super bowl? not to put you on the spot here. >> we got a predictive model that told us the red sox have a 52% chance of winning the world series. when you get 4-1 odds that's positive expectation. you got to put a small amount of money on the red sox. john: take that every time. >> every time. the patriots, their positive expectation every year. they have been in the last seven afc championships, 9 of the last 11. you get plus 700, plus 600 depending where you shop, offshore and in vegas. it's hard not to take a nibble on the patriots. john: my dad is watching, don't break his laheart.
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dallas cowboys doing anything this year? >> the center is hurt and that's the second most important person on the field besides the quarterback because he touches the ball every time. issues with elliott. the redskins defense is great. smith doesn't turn the ball over. the giants upgraded big-time. philadelphia eagles will still be solid. it will be hard for the cowboys to match. john: terrible news for dallas fans. phillygodfather.com. thank you. true pleasure to have you on. comcast and fox network reaching out and agreeing to continue carrying all of big ten network for big ten games on fox sports 1. more in a minute. top democrats and republicans weigh in on the immigration debate around the murder of iowa student mollie tibbetts. we have what they said, next.
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john: debate raging over the murder of 20-year-old iowa college student mollie tibbetts by an illegal immigrant. the suspect's lawyer saying it isn't a fact his client is illegal even though i.c.e. officials say he is. democratic senator elizabeth warren seeming to dismiss mollie's murder. listen. >> i know this is hard not only for the family but for the people in her community, the people throughout iowa. but one of the things we have to remember is we necessitated an immigration system that is he fek tif effective, that focuses on where real problems are. separating a mama from a baby does not make this country safer. john: joni ernst responding to warren. >> mollie has been forever separated from her family. they will never see her reach her 21st birthday. they will never see that because she is permanently gone from the face of this planet because of an illegal alien.
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i want to remind elizabeth warren that, you know, the tragic loss of mollie is important to us and the families that are separated at the border, they will come together again. mollie can never be with her family again. john: joining me, conservative commentator and "washington times" contributor. i would like to ask you, this is disgusting to me. it is disgusting on both sides, they would politicize the murder of this beautiful young girl. i think both sides are at fault here. is this not the problem we have in america today that we take something like this and you politicize it? this i didn'ts is this why we can't get anything done? >> you are absolutely wrong. this is an important issue that must be politicized because when we talk about politics, that's how we decide policy within a free country, within a democratic republic. yes, we need to talk about it. we need to talk about it right now. mollie's life is important.
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the lives of your kids and my kids are important. unfortunately, elizabeth warren doesn't seem to prioritize that. i'm not going to jump on someone for making a statement that sounds a little crass. people under pressure say silly things. but the fact is, this thing that she said, this horrible thing that she said, is how she feels. the priority is not protecting american citizens from criminal aliens by defending our border. for her, the priority is an immigration system that allows free illegal immigration. john: eric, i would like you to respond to that. look, i agree with what kurt just said, we need to talk about this, but there's a difference in talking about it and using it. do you see the difference there or do you agree that it's okay what these people have done? >> look, i think that elizabeth warren is making a cheap political grab over, you know, what will score her some points
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when, in fact, i think at a core level, the underlying forces, she doesn't care about protecting the border. she doesn't care about keeping people safe. she virtually spit on the grave of mollie, mollie's grave. it's a total disrespect to the family, to mollie, and we have a big problem with the border, and this is -- this needs to be addressed. we need to address the security side of things. frankly, i think many people would agree that we want kids to be together with the families. i don't think that's in dispute. but don't take away from what was a heinous act -- john: i got to cut you off there. apologize. we are running in a hard break. respect both you guys' opinions. thank you for joining us. we'll be right back.
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terry lundgren, airing on maria bartiromo's "wall street". thanks for having me in your homes. charles payne is here now with "making money." . charles: good evening, i'm charles payne, it was a record day on wall street, the s&p 500, the nasdaq and the russell 2000 all hitting new all-time highs. this as president trump and jeff sessions continue to spar. we're going to break down the impact that firing the attorney general could have on the midterms. but first, the economy. it's firing on all cylinders. unemployment levels at all-time lose, consumer optimism at all-time highs. today the federal reserve chairman jerome powell saying more interest rate hikesort way, but he's going to do it in the way that did not spook the market. and president trump tweeting --
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