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tv   After the Bell  FOX Business  September 18, 2018 4:00pm-5:00pm EDT

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-- exson, sanofi, proctor & gamble. liz: david dietze, thank you very, very much. [closing bell rings] liz: dow industrials have a heavy at this gain of 3/4 of 1%. david: big rally on wall street surging because tariffs between the u.s. and china were as severe as either side just threatened. the dow flirting with 200. it is up 186 points marking the highest close in eight months. green for s&p and nasdaq as well. hi, i'm david asman. melissa: i'm melissa francis this is "after the bell. more on the big market movers and here is what else we're covering in the very busy hour ahead. the u.s. will no longer be the piggybank of the world as the president sounds off as the trade war between u.s. and china heats up. we'll take you live to the
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white house for more on the p president's comments and new tariffs hitting both sides. elon musk stunned market taking his company private last month, you remember that? david: yes i do. melissa: he and his company are reportedly tasting a criminal investigation. more on these details. showdown on capitol hill. supreme court nominee judge kavanaugh and his accuser are invited to testify on monday. the democrats are requesting to reopen judge kavanaugh's background investigation before any hearing takes place. we have judge napolitano. david: the dow climbing closer to record territory. it is currently a little more than 1% below its all-time high. quills wills on floor of new york stock exchange. investors saw tariffs less than expected, that is when they got into a buying mode. >> that is absolutely right.
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at highest high, the dow up 255 points. we love to see that. a big gain for all indexes today. look at nasdaq up 60 points. good news indeed. dow movers today, though, united technology, boeing, caterpillar, 3m. those are stocks deeply impacted by tariff policies. they're responsible for half of the dow's advance. two hitting highs, united technologies and. who was spared for tariffs. apple talking about what today. fitbit both have smartwatches. these companies doing well. fitbit in particular, tim cook the ceo of apple saying he was optimistic that the u.s. and china would be able to work out their differences. so i think that the market took a lot of positive notes from that. but the big story today, these stocks that are impacted by tariff and trade policies decided, hey, it is not going to
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be as big of a deal as we thought. as you see the dow pops higher. good news from the floor of the new york stock exchange. back to you. david: gerri, thanks, melissa. melissa: the battle is just beginning president trump responding to the ongoing trade war with china as the nations continue to slap new tariffs on an array of goods. let's go straight to blake burman to break down the latest on the trade front. blake. reporter: tit-for-tat or full-blown trade war as some call it continues after president trump proposed $200 billion of tariffs on china, china responded retaliated with six at this billion dollars worth of tariffs on u.s. goods. so far $250 billion worth of goods, worth of tariffs, the trump administration has imposed against china is about half of all the goods purchased from the u.s., chinese goods purchased by the u.s. last year and the president warned that if china continues to retaliate, then the
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next half is on the way. >> and if there is retaliation against our farmers and our industrial workers, our ranchers, if any of that goes on we're going to kick in another $257 billion. reporter: both sides though did show a little bit of restraint because the trump administration had been threatening this 200 billion-dollar batch at 25% tariff rate. however starting monday that will be 10%. and 25% doesn't kick in until the start of the new year. as for china's $60 billion worth of tariffs, that was believed as high as potentially 25%, though depending on the product, melissa it will be five or 10%. melissa? melissa: my goodness. blake, thank you. david: here to react, gary kaltbaum, kaltbaum capital management president, fox news contributor. danielle dimartino booth, former federal reserve advisor. gary, once again the bark was
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worse than the bite on both sides of this issue. the market responded very nicely. >> when you talk 25% you end up with 10% and markets were expecting 25, markets will react nicely but look, i hate tariffs. there is nothing i like about them. i don't like waivers. there is nothing i like about those, getting winners and losers. the good news is, markets are fine. getting close to new highs on the dow. as long as markets react well i think we're in good stead. the worry, one day the markets won't. so far so good. economy sizzling. earnings are strong and interest rates staying low. that is doing the trick. david: if you have do it is good time. the question did you have to do it, danielle? >> you had to do something. china violated all the disputes the united states brought against it, world trade organization, it joined in 2000, all those disputes were decided in our favor yet china kept on doing bad stuff.
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what do you do? you have to hit them somehow, right? >> well, as you point out it is pretty cut and dry. what i think we have to realize and appreciate every time the president talks tough, the tax are still open, he is still open to negotiate. despite all the headlines nothing has been implemented, nor will it begin until monday. the number of trading days and weekend ahead of us, it is like a dog year as far as market psychology is concerned. a lot of great things can happen before and we can have a stand-down. we have to keep in mind. nothing has actually happened, nor will it until monday. melissa: guys, stick with us. tesla shares falling amid reports of a criminal investigation into elon musk and the company is underway. hillary vaughn has been following this developing story, and hillary what can you tell us about this? reporter: melissa. the doj wants more information
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from tesla surrounding tesla ceo elon musk's bankrupt announcement last month that he planned to take the company private. those plans didn't pan out but the company is faced with questions from both regulators at the sec and now the department of justice over the remarks. tesla confirming that doj asked them for information saying in a statement today, quote, tesla received a voluntary request for documents from the doj and has been cooperative responding to it. we have not received a subpoena, a request for testimony or any other formal process. we respect the doj's desire to get information about this and believe the matter should be quickly resolved as they review the information they have received. now tesla shares taking a dive in response to the news closing down 3% at the close today. federal prosecutors reportedly started investigating potential fraud after musk's tweet that said he had funding secured. that specifically is what ticked them off.
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the twitter spree sent tesla shares higher at the time. the inquiry is in its early stages and both the doj's probe and sec review could take months. it is important to remember that prosecutors at the doj could decide after they have all the requested information they don't want to move forward and bring charges against musk or the company. melissa. melissa: interesting, hillary, thank you. gary, danielle are back with us. i know a lot of people were mad at the time that felt he like he had full intent to mislead the market and crush shorts. people i talked to weren't short the stock. they thought they would have gotten in big trouble if they had done the same thing. what do you think of that argument? >> look, melissa, there is something to be said for potentially being fire where there is smoke. when you're head of accounting leaves within a month that is going to raise not just eyebrows at sec but also the department of justice. it is not just shareholders who have been taken down by the way, it is also bondholders.
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if i'm sitting on the board of tesla right now i'm enormously irritated or distracted because i'm dealing with so many different entities out of washington, d.c., just to be in compliance now what we know to be parallel investigations. this is not good for the long-term of the health of the company that really needs to get itself back on track. melissa: that is a great point. where the heck was this board, by the way? why weren't they in there? why weren't they advising their ceo and trying to rein him in? if they were trying those things and they weren't succeeding that is something else too? >> it is not a board. it is his buddies. there is no oversight there. he owns the shop. let me be clear and concise, it is a blatant securities violation if i would have did what he did i would be indicted on fraud. that he lied blatantly to the public and all you need to know right now is in the stock price which is down over 20 some odd billion dollars from his fake
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buyout price. danielle said it best, the head accountant left, the head of hr left, if that doesn't tell you anything you need to know about the trouble that lies ahead i don't know what does. before any of these episodes past couple years we've been hearing from elon musk about the profits that were going to come, about the cash flow, certain amount of sheriffries and none of it ever happened and i think he is very lucky we've had an easy money market and strong market because he would never had got the bond deal at loan rates and couple secondaries. if we get to a bear market again, he will be in big trouble i can promise you that. melissa: danielle, let me take the flip side of this argument, he is a genius. he has created a ton of really great technology, the space pratt, the idea of getting government out of the space
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program, how does it resolve, do you think. >> that's a great question. it is elon musk versus the markets. you don't want a cash flow crunch on your hand a pr deem to come true. the adoration of tesla products is something you can't put a dollar value on. that is the shame of one individual putting everything that he has built at risk. melissa: yeah. >> so it is just astonishing to me because again the products that this company produces are adored by people consume them. melissa: unclear they can be made for prices they're being sold. that is all that. a different conversation. thank you, you guys. good stuff. david: it is not just one guys against the market. there are thousands of workers involved with all these tesla products and your heart bleeds for them because their lives are hanging on one guy's ego. melissa: good point. david: frankly a lot of people say his sanity. melissa: all of our taxpayer dollars that have gone into all these ventures.
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david: don't forget that. despite roll backs in regulations, tax cuts, wage growth, falling unemployment there are still big concerns from republicans these economic successes won't be enough to bring voters out to the midterms but club for growth president david macintosh has a plan to try to change all that. he joins you coming up. melissa: president trump heeding repeat the calls from house republicans to declassify documents and text messages linked to the russia investigation. october surprise, anyone? congressman mike turner of the house intel committee will tell us why this information needs to be made public and what effect it could have on the mueller problem. david: it will be an october surprise. melissa: that is no accident. david: also the president is slamming democrats over the timing of their release of the sexual misconduct claim against his pick for supreme court justice even though they had it months ago but he says republicans should go through the process. we get a live update from capitol hill where the process stands right now. we'll hear from judge andrew
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napolitano who knows all things legal coming next. >> this is a great gentleman. we should go through a process because there shouldn't even be a little doubt. ess means they won't hike your rates over one mistake. see, liberty mutual doesn't hold grudges. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty ♪ (guard) i've seen things unnatural things. these people they don't sleep... like ever. they reveal in extremes and defy limitations. these pursuits may seem unnecessary. but the scariest thing i can imagine is a world where this, doesn't exist.
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what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. david: a showdown set for monday. both judge kavanaugh and his accuser been invited to testify before the senate judiciary committee next week to address allegations of sexual assault 36 years ago, but some senators are uncertain about whether dr. ford will even show up. edward lawrence on capitol hill with the very latest. edward? >> senator chuck grassley set aside monday for that hearing under oath for christina ford, christine ford and also judge brett kavanaugh to tell their stories. ford says that kavanaugh sexually assaulted her when they
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were both in high school at a party. president trump today standing by kavanaugh, praising him actually. >> he is a truly outstanding perp as you know. he has an unblemished record. this is a terrible thing that took place and it is frankly a terrible thing that this information wasn't given to us a long time ago, months ago when they got it. they could have done that instead of waiting until everything was finished. all of sudden spring it. but that is what the democrats do. reporter: senator diane feinstein received a letter from ford on july 30th. republicans say that both sides do need to be heard and senator chuck grassley said for the past 24 hours he has been reaching out to ford's attorneys and has not heard back for the rsvp on monday. grassily adding they also reached out and talked to on the phone other witnesses who identified through the reporting of the story. >> not worried about anything
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except just getting set up to have the hearing on monday. reporter: now all 10 democrats on the judiciary committee are saying that the fbi needs to reopen their background check into kavanaugh. this should be delayed, the hearing should be delayed. senator dianne feinstein, other witnesses anyone who may have heard about the incident to come before the committee. democrats also want other delays. >> i think they ought to hire independent counsel for the majority, minority, let them dot questioning and not have the circus-like atmosphere we had the last time. reporter: kavanaugh vehemently denied he was involved in any kind incident like this. back to you, david. david: edward, thank you very much. >> i don't think the fbi really should be involved. they don't want to be f they wanted to be i would certainly do that. they say that this is not really their thing but i think politically speaking the senators will do a very good job. melissa: president trump weighing in on calls from
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democrats for the fbi to investigate the allegations against judge kavanaugh. joining us now to discuss, judge andrew napolitano, fox news senior judicial analyst. judge, what do you make of this? >> i think knowing the way lawyers are, that the lawyer for dr. ford is probably negotiating with someone on the senate judiciary committee to limit the breadth and scope of the interrogation to her memory of the incident, rather than going everything she has done the past 50 years of her life. that is what one of our competitors is reporting. if this is happening, then the senator grassley doesn't know about it, but this would be lawyers for the committee negotiating with a lawyer for dr. ford. look if dr. ford made this allegation and then does not show up to back it up, that is almost unforgivable to allow that taint to touch the skin of judge kavanaugh and it would be most unwise for him to deny something before he has heard the details of the allegation.
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melissa: what do you make of the argument she came forward but they have been playing anita hill tapes around the clock since this happened and she has now chickened out? >> if she has chickened out -- melissa: i don't blame her. if you watch the tapes, you see what that woman went through, i don't mean in the sense to be demeaning to her. i mean that she has decided she can't take it. >> senator arlen specter conducted about as aggressive cross-examination of professor hill as is imaginable. melissa: right. >> studied in law schools these days. i don't think such an interrogation by a male of a female witness would carry water like that today. that is why i think senator grassley offered the opportunity for her to testify in private. but just getting these allegations out there of what, was a crime at the time, this attempted sexual assault without backing it up is, as i said un forgivable for judge kavanaugh.
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i'm hoping that she does show. that she does testify, that he testifies and committee and the senate and public can decide who is presenting the more credible case. there is no rules here, melissa. does she have to prove by greater weight of the evidence what she is saying is true? does he have to disprove, does he have to prove something did not happen, a near impossibility? it will be what is the impression of these witnesses at 5 monday afternoon. melissa: in a way, that is what matters, the impression. we're not asking if somebody committed a crime or are they going to jail. we have to say who do you believe, if that reason it, does have to be in public because me, as somebody who is trying to judge i want to give them both the benefit of the doubt. i need to hear them both. >> look at it this way, judge kavanaugh is adamant that his denial being public, think how absurd this would be if her allegations are if private and his denial is in public? i mean the whole thing has to be
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in public so the american public can see how the government works and how these decisions are made and come to a general impression about whether this man, who is otherwise eminently qualified for the court is entitled to have, take his seat on the court? melissa: i totally hear you. at the same time you can imagine how terrifying and intimidating it would be to go before the whole entire country to be interrogated when you're a private person. one thing we talk about people volunteered run for office or television people, whatever else, but as private person to go forward and sit there would be scary. >> look, if she is a victim, and she has blown the whistle, albeit 36 years too late, she may have a duty to this kind of testimony when you're a victim in criminal case you're stuck before a judge and jury of strangers and press in the courtroom. that is the way our system works. melissa: like a movie. >> if she is not a victim, a dupe of the democratic party or
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if she is liar, the public should come to that conclusion. melissa: yeah. all right -- >> very unfortunate situation because these, this vote should be decided on his merits as a person. he merits the seat on the court. not on unfounded, unproven, undemonstrated allegation. melissa: judge andrew napolitano, thank you. >> you're welcome. david: david, that is why she didn't want to do it in the first place. i'm wondering who got her into that position she is in now? we'll see. education revolution. imagine removing the government from every bit of schooling? would that create chaos or -- melissa: yes. whoo who, or more efficient system? we have answer from someone actually trying it out. death toll rising from hurricane florence. officials warn it could be days before floodwaters succeed. we're live in the ground with one the hardest hit areas again.
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>> we will will be the new bern and craven counties for the long haul. a lot of our state faced significant impact. 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? but some give their clients cookie cutter portfolios. fisher investments tailors portfolios
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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. (nicki palmer) being a verizon engineer is about doing things right. and there's no shortcut to the right way. so when we roll out the nation's first 5g ultra wideband network, it'll be because we were the first to install the fiber-optics and small cells, and upgrade the towers that will change the way we learn, work and live. and i'll always be proud that we're not just building america's first 5g network. we're doing it right.
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david: the death toll from hurricane florence nearly doubling overnight. florence and its aftermath now claiming at least 32 lives in the carolinas since the storm made landfall. the president announcing he will hit the worst hit areas in north carolina tomorrow. kristina partsinevelos is live in lumberton, north carolina. kristina. >> thank you, i'm standing in a town in south lumberton. we took a while to cross the water behind me because it was so high. you have cars turned back around. some are trying to get towards wilmington, trying to get back home and they just cannot. we spoke to police officers behind us right now. they said they will close off the entire area because they're expecting the water to climb higher. yes it is sunny day right now, but there is issue with the
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sewage. everything is blocked. honestly of all the water i stood on this trip, this is smelliest. this is clearly contaminated. from the governor of north carolina there are 300,000 people without power. they're working hard to fix it. still a lot of people are without power. that means people have to seek shelter. 10,000 people are in shelters. we have a car coming through. the situation will be like this for quite some time. people are preparing to be without power for several days. i spoke to a few, we tried to go around and get more people to speak with us. luckily in this area seems most evacuated. you could just see by the cars driving by, how much water. i want to step a way. this is contaminated water. -- we're on the street right now. i literally zemin knows and snakes in the water. tons of red ants most reporters can say they have been bitten by. the situation is still quite dire in lumber son
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north carolina with the power out and continues to be out over next several days. send it back to you guys. david: awful situation, kristina. thank you very much. melissa: extra money to take home. new data revealing positive results from tax cuts. what will this be from the gop heading into the midterms? we'll ask david macintosh coming up. audacious order from president trump. what we could find out from release of highly classified documents from the russia probe. republican congressman mike turner tells us what to expect next. >> i think you will find out if there was any collusion it was involving the fbi and fusion gps. the fact is that there was intent to bring down president trump before he was elected during his campaign. ♪ ♪
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for these challenging times, one that is willing to disrupt the industry, and break free from conventional thinking. (thudding) we are a different kind of financial company. we are athene, and we are driven to do more. david: president trump ordering release of key documents and text messages related to the russia investigation. move republicans are hailing as a win for transparency. our next guest is among them. congressman mike turner of ohio, a member of the house intel committee joins us now. congratulations. when will we see the documents? >> it will be a process. the president has the authority to release these documents. he asked if there are any inadvertent releases of sources and methods that not occur. david: why do you think it took him so long to come to this
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conclusion? >> i don't know because it is so important that the documents need to be made public. those want them on private, want to come on television what is in them. i think what the american public needs to read what is in them. what they will find is very troubling. the department of justice used material funded by hillary clinton campaign and democratic national committee as evidence in the fisa court. they used it as sole evidence for process of getting surveillance on someone active in the other campaign. i dropped a bill that would prohibit this. the public should be outraged. david: let's spell it out. we'll see the fisa warrants. whether or not the fbi was focusing on the trump dossier which was totally unverified. the sources were not mentioned. yet the fbi was using trump dossier to spy on americans that is the charge. will it be proved after release of documents? >> absolutely. people have the opportunity to read it for themselves. all those that paraded along
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msnbc and cnn fox news, that the court knew. it will show there was no ability for the court to know. david: you see those papers? you know this is true? >> they will see the court was not informed these terms were funded by hillary clinton campaign, democratic national committee. they will show they're not corroborated by any other evidence before the court and they're used to begin surveillance of the trump campaign and it is just not right. david: will we find out anything about confidential informants? whether we do or not there is a question, a lot of people in the department of justice, fbi say there is a big problem here. we don't want to reveal any confidential informants? >> that is certainly the process that needs to be undertaken in review. we'll review, certainly understand if there are protections put in place if inadvertently anyone will be revealed as a source should not be revealed as a source or not already publicly identified, of the things i reviewed there is very, very low chance. text messages we know how they're generated who they are
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by and between. certainly in the fisa application, most has been reviewed and publicly discussed in ways that the public needs to put it in their hands, take a look at it, understand how disappointed they should be in really a political system that a allow political funded materials to be used as source. david: talking about the trump dossier. there is one confidential source i want to know about, who pot members of the trump campaign, trying to tickle information about members of the trump campaign what they knew. some people call this spying. you certainly could call it other things as well but are we boeing to find out more? there is one guy in particular, won't mention his name, a confidential informant ant, a professor at oxford or came brin in england but a u.s. citizen, will we find out more whether they were actually inserting spies into the trump campaign? >> i've been in classified briefings on topics. i don't have an ability to comment but i will tell you this, all the materials you have learned about this process, some
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call "spygate" should be made public. people need to have the ability to critically evaluate what has happened. because i believe and many believe there was very inappropriate activity that was occurring. we should not allow to it happen again. david: will we totally reexamine the whole fisa process as a result of this? a lot of civil libertarians, not just republican, democrat thing, a lot of liberal civil libertarians have been arguing about the fisa process a long time. it shouldn't be as easy as it is to spy on americans? >> i think it should be reviewed. certainly i dropped a bill, 35235 would prohibit in the future political operation material used funded by one campaign against another national campaign. we need to go further. we need to see if the fisa court itself not initiated review. if material is placed before the fisa court caused them to make decisions other than wise, biased process, the court is
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unaware of it, the cut should take its own administrative action. it will cause us to review if the court does not take up the issue. david: mike turner. congratulations. by the way once again when we will see some of these documents? >> i don't know the exact time frame, it will go through a process. david: weeks or months? >> we'll see. david: there is election coming up. will it come up before the election. >> i don't think it is as much a election issue but justice issue. that is constitutional rights issue. david: thank you very much. melissa. melissa: tensions rising over a russian aircraft shot down over syria. fox news's benjamin hall in london with the latest. benjamin. reporter: this airplane was brought down on syria airplane fire. the russians are putting the blame on israel because they say they were using the plane as cover for. they show before and after the syrian airbase was targeted by israeli jets. the israeli defense force issue
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as statement saying they targeting syrian military facilities, systems to manufacture accurate and lethal weapons were about to be transferred on behalf of iran to hezbollah in lebanon. the attack on the syrian airbase was caught on camera monday night when the russian military claimed four israeli f-16 jets claim they used their plane for cover. they say they take have the right to take further steps in response to downing of their plane. the russian hate hit was an old il-20 was downed on the mediterranean sea monday evening carrying 15 airman. it was near a syrian airbase which is pro-assad region in syria. the u.s. also responded saying quote the united states expresses sorrow for the death of the air crewmembers of the russian plane that was downed by syrian regime anti-aircraft fire. yesterday's unfortunate incident reminds us of the need to find permanent, peaceful and
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political resolutions to the many overlapping conflicts in the region and the danger of tragic miscalculation in syria's crowded theater of operations. this afternoon though president putin was down playing the incident saying it was tragic chain of events. none of the major players in the syrian conflict want to see direct confrontation. in london, benjamin hall. fox news. melissa: thank you for that. david: a better value for less money. sounds good. a look inside a new revolution in education eliminating the government from the equation. ♪
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melissa: reading righting and arithmetic redone. two stanford professors built an education model that eliminates government from the equation all together. so is it working? joining me now is dr. michael block. basic educational ventures chairman and basis curriculum schools co-founder. sir, thank you for joining us.
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full disclosure one of my sons goes to your school that is independent. we're blown away by the model you created. it fits with so many values ideas. the getting the government heck out of the way all the way to the independent schools are for profit institutions. you don't take the tax deduction. you pay taxes like a regular corporation, right? >> we do. melissa: what are the results been? >> results are lots of hard work. it is very difficult operating without any type of subsidy or any type of government assistance but it has been a pleasure to have your freedom. melissa: why is it worth it? you are able to do the curriculum differently. why is it worth the struggle? >> the real payoff is flexibility and ability to raise capital. we have a different philosophy. we are building a brand that's based on excellence and there are a lot of excellent schools
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in new york but they tend not to expand. the good thing about a pure business model is that you can expand. stuart: yeah. melissa: >> and you can expand capital. melissa: how many schools do you have now? >> 37. melissa: 37, wow. >> only five are independent schools and another four are international schools. most of the schools are charter schools that we run we run and manage at the moment by maybe by is the purely private schools. melissa: independent. >> we take no government money at all. and that's something we'll always keep to. melissa: what's interesting to me the metric by which you judge your success. you look at number one, the cost per pupil. i would say as a parent who has a child in a regular private school the price tag is a lot higher than what you charge at your school. you also don't raise money among the parents and for all those
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parents out there who know that tuition is just kind of your ticket to get through the door. then there is million other things at your school, you don't allow people, independent at least where we are to give money so that kids are on a level playing field. how do you compare to the per head costs of public schools? >> well, the new york city we probably produce the education for less than expenditures per student this new york city. new york city is extremely expensive. melissa: yeah. >> so we're less expensive. we do watch our costs and, we don't ask the heads of schools, important part of the business model, is we don't ask heads of school to raise money. melissa: yeah. >> we ask them to watch teacher quality and instruction. that's what they do. melissa: that is true. a lot of heads schools are worried about real estate property, costs all these different things and fund-raising. that is not what you're doing at your school.
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the very important thing is you do measure kids across the world everywhere. they take tests comp tests to see if they pass them move on to the next grade because you want to make sure while you're not going along with the government standards that your kids are getting a better education, is that right? how do you measure that? do you think you are succeeding? >> yes, we are succeeding but we measure with common exams that are crowd sourced. we have expert teachers that help make up the exams. like algebra one the students? china take exactly the same exam at the end of the year that the students do in manhattan and brooklyn. melissa: yeah. >> so we can tell who is performing at what level. so we try to make that as compact as possible? melissa: yeah. >> we adjust for the fact that newer schools have a little start-up time. melissa: yeah. >> we compare one against the other. melissa: i would say as parent it is incredibly rigorous. my sixth-grader takes chemistry,
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bio all in six different hours. we love it. we're sold. it is a very interesting business model and something the government can learn a lot from, get out of the business. we don't like you hear. dr. black, thank you very much. david. david: great experiment. how republicans can pull off a victory in november. the midterms are seven weeks away, and polls are favoring democrats but not all polls are created equal. next david macintosh from club for growth on how his organization is working to target key races and issues coming next. fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you 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.
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david: well every day it seems we get more economic indicators confirming we're in the midst of an economic boom. it is hitting on all cylinders. today's good news concerns worker benefits which rose 3%
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from a year earlier. despite all the economic news, a new study by the club for growth shows an enthusiasm gap may cause republicans control of one or both houses of congress in november. here is david macintosh, president for club for growth. great to see you. we have this great economic news. why aren't republican voters more enthusiastic about it? >> it comes down to the fact particularly in the suburbs, a lot of republican voters are not that happy with trump's style even though the results are good. david: so they love the success of his economic policies but they don't love him? >> that's exactly it. and in the rural areas they get it. trump's responsible for the change and we need to keep going. so the key for republicans is to message to both groups, we're going to get things done. the perfect issue that shows up in our polling that works with undecided voters, works with the
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republican base, is we're going to do another round of tax cuts, that make permanent the middle class tax cuts and help continue this economic growth. there is some other issues that show how radical the democrats are. david: that is the other thing. there is a positive way to do it. which is to say if republicans hold on to the houses of congress, we'll put in tax reform number two. there is also a negative. if republicans lose control of one or both houses that means it will be impossible to have any kind of more free market economic policies like we've seen. >> that's right and it's likely to go the other way. and you see all sorts of radical other issues like the eliminating i.c.e. or sanctuary cities, protecting constitutional rights. those work for republicans when they stand up and point out the difference between what are mounting to very liberal, very radical, sometimes socialist
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democratic opponent. david: it is right around the corner. even though seven weeks away, seven weeks away is not tomorrow. there is time for republicans to get their act together? will they? republicans don't could -- coalesce as easily as democrats do in my experience? >> you're right, david. what we're seeing in the senate on the confirmation of judge kavanaugh will play a big role. if the senate republicans show they can coalesce and it is shown that you have got a man here who has been sneered and attacked or even that there are two different versions but not really credible enough to stop him, if republicans can coalesce get the job done, then i think you will see republican voters say, okay, we can keep them in power. they will get the job done, and we can know that it is going to be government that's sane. if they don't, if they show they can't get anything done, then the republicans, what our poll
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shows, the republicans will stay home and democrats will come out because they're white hot and energized. david: finally one of the problems is one of the successes of the trump economic policies. that is people, when they're satisfied with the economy it is not seen as a problem. perhaps there is a campus place send sy that cooks in until policies are changed and that it is too late. we have to go through the whole process again? >> one of the things republicans need to do talk about things that matter to people and translate that, hey, they're going to take away your tax cuts and they're going to stop the economic growth, the stock market will stop and your 401(k) may go back to where it was when obama was here. david: by wait, very quickly if democrats do take over the house what happens to the economy? what happens to the markets? >> i think you see this growth that is being driven by the tax cuts start to dwindle. once again there will be fear that the administration will put the pause on some of the
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lightening of regulations that have driven growth. the message is the political factor for the economy will move in the wrong direction. that i think, republicans ought to capitalize on that. you want more growth, more jobs for your kids, better pay, keep us there. david: david macintosh, club for growth. good to see you. >> thanks, david. melissa: the rise of the machines. why you shouldn't fear the robot coming for your job, hmmm. ...
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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.
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melissa: the future jobs machines will handle more than half of all workplace tasks by the year 2025 according to a new report from the world economic forum do we trust them? david: i don't know but the point is a lot of people are scared to death of the machines but the study points out at the same time while machines are growing a greater number of new jobs are going to be created predicting that robots will
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displace 75 million jobs over the next four years but create 133 million new ones, just look at all of the jobs we have now. melissa: it's like the industrial revolution. there you go all right that does it for us. david: the evening edit starts right now. >> there are a lot of people who have seen the great trade deal we made with mexico the progress we made with europe, the fact that we're still moving forward with the canadians. the president has been re negotiating and improving deals, but the biggest challenge of course is china, and you have the cea put out an estimate last fall china is stealing intellectual property theft and force transfer between 1-3% of gdp every year so china has to show up and hopefully they will soon and come to us with an offer that says we're just going to join the communities of nations and behave like an adult country but they haven't been doing that and as you mentioned we've got all of the amo. >> president trump says china has been taking advantage of the united states on trade for years

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