tv After the Bell FOX Business September 19, 2018 4:00pm-5:00pm EDT
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markets. nasdaq under pressure. [closing bell rings] i do want to point out. jewish holiday today. volume down today. volume might be a piece of it but we'll take it. that's it for me. melissa francis and david asman, take it over. melissa: near record territory, the dow edging closer to the all-time high. david: wow. melissa: ending up 160 points. off session highs but let's not get greedy. the biggest names in tech dragging nasdaq slightly into the red, just barely, six points. i'm melissa francis is. david: when you think how nasdaq performed over last couple months, it ain't bad to have a slight down day. i'm glad you could join us. i'm david asman. this is "after the bell." here is what we are covering for you in a very busy news hour. the commander-in-chief is on the ground right now in the
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carolinas. he is look at the catastrophic after hurricane florence and took his recovery staff are him. we're live on the ground with the latest on the recovery efforts. the president's message to the victims of the monster storm. plus the supreme battle keeps getting bigger every day. brand new reaction after judge brett kavanaugh's accuser says she won't testify before congress. the conditions she is asking for any kind of talking with lawmakers and how those lawmakers actually on both sides of the aisle are trying to accommodate here to get the whole truth out. his quote, crowning achievement. why president trump says declassifying the russia probe documents could go down as the highlight of his presidency. coming up to speak specifically about that, "judicial watch" president tom fitton responds. we'll also hear from former presidential candidate ralph nader as we get closer to the midterm elections. melissa: back to the markets, the dow surging the second day in a row, 1% below its all-time
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high. ashley webster on the floor of the new york stock exchange. ashley. >> you know what, melissa, it is such a resilient market, these days. doesn't matter what is going on. trade tensions with china, battle over supreme court nominee brett kavanaugh, doesn't matter. the dow finishing up 160 points. we were up at one point 200 points. the nasdaq pulling back a little bit. amazon and microsoft were laggards. look at intraday on dow jones industrials. at 1:00 in the afternoon we were up 200 some points. pretty strong performance. i wanted to mention the yield on the 10-year treasury bond because this is important. this again above 3%. now in the past, that would have been a signal perhaps for a selloff. oh, my gosh, we're above 3% on the 10-year. forget about it. not too bad. analysts say it needs to get to four or 5% before these bond yields really pose a threat to equities. that said, who benefits from
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higher rates? well the banks of course, they get more money back on money they loan the financials we've seen do very well. jpmorgan, b-of-a, jpmorgan up 3%. citigroup up nearly 3%. goldman sachs up more than 2 or 3% for goldman. we want to talk about a canadian cannabis pot company. what a day. this stock right now, 214. it turned negative at one point today, it was so volatile they had to stop trading five times in the space of one hour. a lot of short squeeze going on there. a lot of people covering their positions. tilray just got permission from the usda to allah cannabis to test on neurological disorders. till ray, what a crazy day. up 856%. ipo'd, two months ago the ipo price on tilray, $17.
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my oh, my, high volatility. excuse the pun. melissa: well-done, ashley, well-done. david: i knew it was coming. president trump touting the booming economy at white house. take a listen. >> we have the greatest economy in ever in the history of our country so we're happy the way things are running generally speaking. i don't think we ever had an economy like this. david: bring in veronica daguerre from "wall street journal," jonathan hoenig capitalist pig hedge fund and fox news contributor. the markets are not just responding to the president's rhetoric, they are responding to real numbers that back up a lot of claims, may not be the best economy ever but it is a booming economy. >> david, it is a booming economy and economic fundamentals, you're also seeing the stock market, new all-time highs today for many, big well-known stocks and new 52-week highs like nike, abbott labs, american express we heard about a moment ago.
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a lot of banks doing well. it is a bull market. i think there are reasons however to be somewhat concerned, dade, primarily because the fact there are so many bulls out there, tremendous bullishness, tremendous exposure. when you talk about interest rates back you above 3%. reasons for bullishness and reasons for caution specifically because the news is so good right now. david: david: veronica a great market analyst said when everybody is euphoric, that is when sells, and i don't think we've quite gotten there yet. jonathan is not the only voice suggesting caution. there are other people out there saying the same thing. >> that's right. if you look at the september leaders in the stock market you're seeing names that are consumer staple companies, utility, telecoms. those are traditionally safety type companies when people are starting to feel a little bit more worried about the strength of the market. people are feeling a little bit more cautious about what's ahead for the market so we're seeing
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rotation into those names generally speaking because we're seeing an uptick in volatility. there are worryies trade, there are worries about interest rates. so it is not all roses going forward. melissa: guys, stay with us. the united states and canada coming to the table once again for trade talks so are we getting any closer to a deal? edward lawrence live at the white house to give us details where we stand now. edward. reporter: melissa, right now the u.s. trade representative is meeting with the canadian minister of foreign affairs. this is the second meeting of the day. my trade sources they are talking right now or today about the chapter 19 language, the trade dispute mechanism language. trade sources on the canadian side telling me it is not likely there will be a deal on nafta with canada today even though president donald trump spoke with prime minister justin trudeau last night on the phone about nafta. the prime minister telling the president that he is committed to a u.s.-canada deal that is good for both countries. there are major outstanding issues, one of them being canada
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wants to protect their dairy industry. they continue on that front. the other issue is the trade dispute mechanism. canada would like it to continue with some sort of arbitration bypassing the court system. >> i think a national talent ever canadians, it is characteristic of our country and has been a historical necessity is we are a country that is good at finding compromises. reporter: trade experts tell me a deal in principle would have to be done this week in order to finalize the legal language to have the final deal to congress or congressional committees by september 30th. that keeps it on a fast track process. president donald trump is very willing to go forward without canada, have bilateral deal with mexico. mexico signals they would go forward with a bilateral deal. they would prefer to be involved. we'll see what happens in the coming hours. melissa: edward, thank you.
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the amazon takeover, the tech giant climbing the ranks as the third largest online advertisement platform in the u.s. only behind facebook and google. according to new estimates by research firm e-marketer. jonathan and veronica are back. jonathan, it is amazon's world and we're all just living in it. you go on amazon, search for something you want, a specific brand name, somebody pays to come up as sponsor in that search. they're also collecting and selling information what their prime members are doing. >> yeah. we're living in it and also benefiting from it, melissa. forget what life was like before amazon.com. they have not only improved their customers lives but forced every other retailer out there to up the game as well. wonderful company, but i have to tell you amazon is exactly the type of stock you have to be very worrisome right now. what are doing well, new bull market stocks like, for example the banks we talked about, even
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some of the pharmaceutical companies. amazon is one of the "fang" stocks, right now, weak, one stock to avoid. a great company, weak stock. melissa: good stuff. stand by, you guys. we have breaking news right now. president trump is departing south carolina following his tour of the damage caused by hurricane florence. you see here the camera looking for him there as he is heading out on to the runway. do we see him there anywhere? we're told he is coming up. he has spent the day touring neighborhoods where there was a lot of destruction, talking to people, lifting their spirits. we saw him around lunchtime handing out lunches where people were stopping at baptist church. let's go to on connell mcshane. reporter: president left where i am earlier this morning and started off at north carolina and landed at marine corps
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station cherry point. a number of local officials were on hand to greet him along with fema administrator and others. in that particular briefing the president seemed focused on financial areas of things i in terms of the relief needed because of damage from florence. >> we're teeing up a lot of money to come down to the area. you will need it and we have it and we will be supplying it and there will be nothing left undone. you will have everything you need. reporter: so when that briefing wrapped up the president headed over to an area in north carolina, new bern, so hard hit by florence. we have had a lot of coverage from there the last week or so and he first stopped by a church and was handing out some meals. we were told 1200 meals handed out from that particular church. he took a neighborhood tour in new bern, stayed on the move, hopping on marine for a helicopter ride in south carolina, where you said he is now. he toured a flood-prone area
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there as well, conway, which was hard-hit by florence. it has been hard-hit by number of storms over the years. he received a second briefing. part of that he said to the people of south carolina, things may get worse next two days in terms of flooding but he is confident they can get through it. again here he is. >> washington is with you. trump is with you. we're all with you 100% and we'll get through it. i think the most exciting part will be the rebuild because we'll have a lot of rebuilding. i flew over, there is a lot of damage. you haven't been hit yet by comparison to what's coming. reporter: the president throughout the day taking time to praise the first-responders and local officials, who have coordinated so far what has been a massive rescue and recovery effort in both north and south carolina. back to you guys. melissa: it was touching when he
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walked up and down the street, people were moved to tears sort of hugging him. david: a lot of folks out there were skeptical, oh, this storm isn't that bad. it was billed as something huge. it lingered so long that a lot of damage still hasn't been born out yet. it is coming, it is bad, in some places it is actually getting worse. melissa: look at that water, wow. more coming up on the recovery effort of carolinas. entire communities remain underwater. some rivers are still rising. we'll speak to one local official how his community is working to help victims of hurricane florence. david: then there is this. the woman behind the judge brett kavanaugh allegations is now saying that she is not going testify on monday unless the fbi opens an investigation. actually this would be another investigation of judge kavanaugh. how republicans are planning to move forward. melissa: plus there is less than seven weeks until the midterm elections. new calls for democrats to take
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melissa: calling for an fbi investigation. judge brett kavanaugh's accuser is demanding a probe into her allegations before she agrees to testify, at least what her lawyer is saying but some republican senators suggesting a vote on kavanaugh may still happen. here is discuss, chad pergram, senior fox capitol hill producer. we're hearing a lot of crazy stuff what is going on. you're there and know whatever everyone. tell me what you're hearing. >> here is the latest. we got another letter from chuck grassley that head of
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judiciary committee sent christine blasey ford. if there will be a hearing on monday, reading between the lines here, they need to have her testimony and a biography by friday morning around 10:00. they're giving her gait deference, great latitude because republicans are concerned being perceived too harsh and not taking some of her claims seriously here. if we don't know by late friday or midday there will probably not be a hearing on monday. chuck grassley said we're willing to come to you have a private hearing, or open hearing like anita hill and clarence thomas in 1991 but we don't know how this will play out. republicans are concerned about the optics. keep in mind the hearings in 1991 did not look good for either party. many were portrayed as buffoons. that gave to the year of the woman at ballot box in 1992.
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republicans mindful approaching midterm elections. melissa: we've been hearing this idea they're willing to fly out to california to interview her. is that a real offer. have you heard they're interested in that. >> absolutely. sources are willing to hear from her any way, anytime, any format. the deal is monday though. here is the problem to get this through by the first monday in october, start of supreme court's term, if hypothetically they have a committee vote on monday, they're not sheaing they are having a committee vote on monday, it would take through friday night to run through all the parliamentary hurdles. this would be up against it, even if they move expeditiously with a committee vote. hard to believe they would have a committee vote if they have a open hearing on monday that is still an open question. melissa: what is your gut, chad? you have seen some things there. you're such an expert. what does it feel like to you? >> the key thing what is seemed
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like in 1991. to be fair i was in college, grad school in 1991. thing i kept hearing from the reporting at the time watching very attentively, no one knew what was next. living this and cover this the past week or so, that seems very much the case. almost a repeat in that sense. why a lot of people think chances of having a open hearing on monday are only about 30%. people are looking ahead, potentially planning for that. but unless ford says yes, we want to go under the lights, televise this nationally, remember 1991, that was a big televised spectacle. we don't know what happens monday, yet alone his confirmation last week. melissa: hard to imagine after all this she would go for wart with it. we haven't seen from her. they say she has had death threats and moved away, we don't know where she is. chad, thank you. >> my pleasure. david: no hose more than chad? melissa: nobody. david: nobody about the beltaway
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anyway. pinnacle of his presidency, the commander-in-chief vowing to expose the corruption in the fbi probe, even saying this could be his biggest achievement as president. in the middle of all the president upping his attacks against his attorney general saying i don't have an attorney general. more on this with tom fitton of "judicial watch" coming right up. ♪ but we saw it as the birth of reliability and the backbone for a company we know as verizon. today, once again, we're transforming reliability with the first 5g ultra wideband network, enabling the lowest latency ever experienced. which is crucial, because we'll be relying on it more than ever.
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david: evidence of a witch-hunt? well president trump says the coming release of documents and texts related to the fbi's russia probe could provide evidence that the fbi probe was a political conspiracy. here is what the president said today. i hope to be able to put this up as one of my crowning achievements, that i was able to expose something that is truly a cancer in our country. here with more is "judicial watch" president tom fitton who has done more than just about anybody in the private sector to reveal what's
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going on. tom, first of all, what do you think about what the president said? >> oh, i think he is right. it is a significant anti-corruption move. it is a heroic move. it is a historic move. i'm not aware of any prior president ticking personal interest for accountable agencies he that he is responsible for. he is doing it over objections i guarranty you lawyers advising him, his deep staters advising him and his appointees in agencies. i'm crediting him for taking this initiative. we don't know what is in the documents. he doesn't know what is in the documents but we do know transparency is the best disinfectant. david: we know what is revealing what happened with the fbi and bruce ohr at the doj sharing a political hack job on donald trump, sharing it with the fbi, even before the russia probe began. but the point is, i think this is what the president was getting at, there is nothing more dangerous for democracy
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like ours then if the fbi puts political interests above the rule of law. that is extraordinarily dangerous. >> peter strzok and lisa page were two key fbi officials involved in both the clinton email investigation and investigation targeting donald trump. they didn't like donald trump. mr. strzok made it clear his agenda misusing the fbi to target someone he didn't like politically. david: yeah. >> beyond me, i'm sure the president is upset with jeff sessions that strzok is not under investigation for abuse of his office. david: some question whether the doj, fbi, or both, will redact the certain information the president doesn't want redacted. how is that going to end up? >> it will slow things down and push back, hey, you need to reconsider this.
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i hope in the end the white house makes decisions not the agencies. the agencies are too self-interested in here. there is conflict of the department of justice exposing corruption about themselves. we saw it in the fisa warrants. because of president's again personal involvement earlier this year, "judicial watch" was able to get the warrants that showed the dnc clinton dossier was misleadingly used to get spy warrants to target the trump team. david: we talked to catherine herridge whether or not there is classified stuff in the texts yet to be revealed and may be unclassified by the president. texts are not supposed to have any classified information in them f they do, somebody should go to jail because they would be violating laws that are supposed to keep classified stuff out of texts, right? >> that's exactly right and, if there is truly classify information, i'm sure the president and the white house will take a look at it, and make sure it doesn't get out. it is not -- the president's order isn't a suicide pact.
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nothing inappropriate is going to be released as a result of the president's order, and leftists and media who presumably on the side of transparency who suggest otherwise are being dishonest. they don't want more information like came out about the dossier through the fisa warrants that were released. david: right. >> showing the corruption behind the fisa process. those who read the documents like devin nunez, bob goodlatte, who runs the judiciary committee, they know they're is no classified information is asking to be released. they know it is corruption. david: only time in my lifetime journalists screaming about something being released. journalists, our job to release information not keep it hidden up. final quick question, we only have couple sessions, jeff sessions, president says i don't have an attorney general. how does it end up? >> i think it ultimately ends up
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with new attorney general. i don't see how -- david: when? >> when this president you never know when. i wouldn't presume to wait until the elections to make a change. how many signals you need to hear he is looking to make a change there. david: tom fitton, "judicial watch." tom, great to see you, thank you very much. melissa: here we go. we have breaking news president trump right now about to board air force one. he is making his way back to the white house after touring south carolina and seeing first-hand the damage that was caused by hurricane florence. he is moving there. he is at myrtle beach, moving from the helicopter brought him to the location to get on to air force one. david: surrounded by cabinet members. the department of homeland security secretary. that is the head of fema shaking hands with right now. you always wonder whether he is going to say something. there is a wave. melissa: it has been a long day there. david: sure has. melissa: as they toured so many
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neighborhoods and handed out food and talked to people and got the lay of the land. a lot of people will criticize the president, taking resources and going down there but if you saw looks on the faces that were cheered up by his visit. david: absolutely. melissa: you also saw spirits are lifted when he brings attention and focus and help and money. david: in this case he brought his teal in from washington -- team in from washington delivering goods to the people. the president himself delivering the goods. did you see him handing out lunches? that was fun stuff. melissa: live report on the ground from local official who is leading recovery efforts there. we'll be right back. ♪ so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today.
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♪ melissa: the destruction from florence continues. david: wow. melissa: look at that incredible video. this is interstate 40 in north carolina. shut down due to flooding. david: it's a canal. melissa: just south of there in conway, south carolina is where kristina partsinevelos son the ground. looking at a lot of the damage. kristina, what are you seeing there? >> right now i'm in conway, an area expected to get more flooding because of the wacama river. this home has definitely leaking and flooding in the home. residents are preparing with supplies just in case you see that river reach into here. that is what is expected.
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right now at 15 feet. we expect it to go to 21 feet. we're bringing in this woman, they have been waiting patiently so i can chitchat with them. even these two are married to a set of brothers. start with you, elaine, tell me, how are you preparing for the potential increase in flooding? >> well, we have been trying to go to the grocery store to get our groceries. we've been trying to clean up the yards so we don't have so much mess. >> exactly. you were telling me you're taking, you have to go to choir practice soon, you have to get going. even the church is preparing? how is that going? >> well the church, the church closest to us right down this road is actually, they're preparing for it to flood, have water in the sanctuary. the church that i'm a member of is in downtown conway, which should be okay as far as water getting into the sanctuary. our wednesday evening activities
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are on for tonight. so, yeah, grandbabies have to get to choir practice. we're trying to be a host for other churches who may be, people can't get to the home church. reporter: quickly to describe the situation here compared to previous hurricanes and floods, how does this compare, especially with possible higher water coming? >> well the water a few days ago was way up the street. i mean it was higher than it is now. that was the flash flood. and now it is falling out but we're expecting the high water that is supposed to crest, maybe on sunday? sunday, monday, tuesday. and they're calling for it to be four feet higher than it was two years ago when we had hurricane floyd. and -- matthew. that was 17.9 i believe. reporter: so you guys are still preparing. expecting to be higher in the next coming days.
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locals in the neighborhood. this area is expected to get flooded in conway. melissa: wow, kristina, thank you. david: joining me by phone, will haney, mount pleasant south carolina's mayor. mayor, we had a map. unfortunately, but you are surrounded by water in mount pleasant. practically all sides but i imagine that a lot of it was north of you where kristina was up in conway, right? >> that's right. we were spared a direct hit. so we didn't have any tidal flooding and we didn't have any stormwater flooding. we have gone from being in recovery mode in our community, to taking our assets and goods and our stored hurricane survival kits as it were, we're sending everything north. david: i tell you, you must be counting your blessing right now? >> we're trying to help our neighbors, we know like when
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hugo hit here about 30 years ago, 27 years ago, that could be us any day. david: for those not familiar with this area, you're right outside of charlotte, right? charleston, excuse me. >> we're right across the river from charleston, iconic ravenel bridge. we're on one side. the city of charleston is on the other. the whole area is braced for impact. if you live in this area, you understand as you're seeing so well showing portraying through the nation, power of the wind and storm within the flooding that happens afterwards is just something you don't wish on anyone. david: no. had the storm not tracked as far as north it really didn't take much. it could have hit you guys hard but how are you preparing now for the flooding that may be coming? because conway isn't that far away. is there still a chance that because of all the rain and runoff, you guys could be hit? >> well probably not because of
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the different river basins and where that water channels. those rivers up there will collect most of what comes down from north carolina and come through that part of south carolina. it looks like we're going to be spared that right here. david: thank goodness. >> we're very grateful for that. we stood down from our emergency preparations in this area. like i said, we're sending stuff that way. we have got people, being led by one of our mount pleasant town counselors, they are flying planes out of mount pleasant and landing in conway, wilmington, other areas, surrounded by floodwater, taking hurricane supplies we thought we would need here, taking them for their benefit there. >> reconstruction will go on a long time. i was talking with bill hemmer, from fox news, who just came from there, those houses were under water for three days.
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those are houses you cannot store. the damage will be so deep, the mold will set in, houses and businesses will have to be torn down. will you guys help in the rebuilding effort? >> yes. all the mayors in the charleston area got together and we held a press conference yesterday. we have a disaster relief fund all of us mayors are asking our businesses and our citizens to contribute to because we understand the first wave of relief people need, water, ice, personal hygiene items, those type things. but as the years go on, carpet has to be put back and schools have to be refurbished and day care centers. this long-term rebuilding effort will go on a year or longer. david: will, u good people as we used to say. i'm sure they say it down south. everybody pulling together to help down there. keep up the good work. we wish you the very best.
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thank you for joining us. >> thank you. melissa: north and south korea coming together again, making bold promises on future of the nations all contingent on promises that kim jong-un says were made by president trump back in singapore. we have details next. >> prior to becoming president, looked like we were going to war with north korea and now we have a lot of progress.
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add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. melissa: inching towards peace. the leaders of north north/south cree promising steps to lead to denuclearization. kim jong-un promising to dismantle his main nuclear complex if u.s. makes concessions first. >> prior to my coming into office, a lot of people thought, it was inevitable we were going to war in north korea. and now we're, the relationships i have to tell you, at least on
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a personal basis, they're very good. it is very much calmed down. melissa: joining me now is lieutenant colonel daniel davis. he is a retired u.s. army in the defense priorities military expert. thank you so much for joining us. >> always my pleasure. melissa: the rhetoric has gotten a lot softer. i don't know how much actual evidence we've seen of things getting better. what would you say? where are we? >> i think you really have to have some perspective here to really appreciate where we are. let's look back exactly one year ago. north korea had launched a 250-kiloton nuclear weapon underground, they firedded an intermediate range ballistic missile over japan and two months later fired an icbm that allegedly could reach the united states. many people at that time said we're on the verge of major war or nuclear war which millions could die.
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contrast where we are now. we completed the third moon-kim summit. we had the trump summit. we're on track for the next one. we go step by step where north korea made concessions. they have taken some actions. there were number of things agreed outside of the declaration which further diminishes the possibility of war. i think we're definitely on a good path here. melissa: not only that, whenever they talk kim jong-un talks in a place that looks a heck of a lot better than where he lives. wait a second, this is somebody hiding in his own hermit kingdom, and he sees what the rest of the world is up to, he is saying you could have more of this, if you just cooperate a little bit more. do you think that is more tempting versus his fear of losing control? >> absolutely. there is some concern about that. i mean that is always his issues. that his absolutely overriding concern is regime survival. i think he is definitely seeing
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that that is the path of advancement and cooperation is how he is going to get there. president trump has gone to great lengths to continue to emphasize how much he could gain with that. that is one of the primary things that president moon jae-in announced this time, whereas 50 people, many of them business executives because they're looking to continue to advance that and to open up new paths for economic cooperation between the two. anything that can get him to showing that his best interests lies along peace and definitely nothing else. melissa: there is even a report that the north and south korea are looking to make a bid to host the olympics together way down the road obviously, is that meaningful? >> yes, absolutely. shows they're committed to each other and they're committed to future development. that is one of the concerns or positive notes, that he understands and kim understands that he has to denuclearization. even used the term during his closing comments which is a big
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issue because he had not used that before. you talk about something you will do in 2020 where they have a joint team and pitch for the 2032 olympics. that shows they have a long-term interest. melissa: lieutenant colonel davis, thank you. >> always my pleasure. david: failing to deliver a message. time is running out for democrats to find some policy platform to run on as the gop celebrates a economic boom. ralph nader has his own. his secret sauce for the next election coming next. ♪ (vo) when bandits stole the lockbox from the wells fargo stagecoach,
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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: lots of talk about democrats taking the house in the midterms, maybe the senate too but what are they selling exactly, other than vague slogans like, a better deal? that's their slogan. one man who is thinking hard
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about this former presidential candidate, consumer advocate ralph nader who just wrote a piece which is not vapid at all, called, where is the democrats contract with america 2018? that is what led him to being here. here is ralph nader. he is author of, to the ramparts, a new book by ralph you should all pick up. not me saying, you yourself said that a better deal is pretty lame as a slogan. what do the democrats stand for, what should the slogan be. >> they're too vague. the national republican party is clear. they want to get rid of obamacare. they want to get rid of minimum wage and deregulate. david: want to keep the economic boom going as strong as it has been yes. >> your words. fewer workers working now and wages -- david: there are more jobs than there are people looking for jobs, ralph, forgive me. but i'm interrupting go ahead.
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>> compare the national democratic party. locally some candidates are being specific, david. people like beto o'rourke in texas challenging ted cruz for the senate. david: yes. >> but, when you look at the national democratic agenda it is so vague. they say they want a better minimum wage but they don't put a figure on it and push it loud and clear. they say they want to expand health care but they're not clear what they mean. they mean full medicare for all or just the public option? they want investment in public works but to do that they have to have an alternative tax plan. david: they do have been an alternative, ralph, forgive me. you're talking about the leadership of the democratic party, nancy pelosi, chuck schumer, people like that but you have ocasio-cortez element of the democratic party now, socialist element or close to the socialest element, in her case she is self-proclaimed, what do you think of that? should that be the message of
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the democratic party? >> well certainly that rings loud and clear with tens of millions of people. david: it does. and is scares the hell out of me but it rings clear, but go ahead. >> the problem, david, old guard democrats are still in charge of the democratic national committee. david: right. >> i can't get through to tom perez the head of the democratic national committee to have discussion with him for a year. david: he is the one that says ocasio-cortez is the future of party. >> maybe, 2018 is less than 50 days away. david: right. >> if the democrats don't have a clear agenda to show authenticity on living wage, on expanded health care, on a public works jobs program and on a new tax system to counter the tax cuts for the rich and corporate by the big business republican party, they may not win. david: by the way you know cortez, she was a bar tender in a restaurant. you know that restaurant closed
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down because they couldn't afford the new minimum wage of new york, you know that, right? you know that? so people she was working with, her coworkers are out of work now because of a mandate higher minimum wage. but let me be even more specific. she, folks have added up all she has been asking for, medicare for all is going to cross trillions of dollars over the years. adds up to $40 trillion the socialist agenda. how the heck are you guys going to pay for that? she was just interviewed by somebody. all she could account for was 2 of the $40 trillion. she had to say i well get back to you with the other 38 trillion? >> like you, david, i'm not running her campaign. i can show you if you get rid of corporate welfare, debleat the military budget, runaway unhonorable budget, return the corporate tax rates to the prosperous 1960s, you will pay for a lot of public works and bring the minimum wage up for
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inflation adjusted. david: prosperous '60s, because the prosperous '60s was pros pus because the jfk tax cuts, right? >> hardly. david: they were important. they very important. >> not the reason. the point is this -- david: finally i just got to ask, how do you deal with these undeniable statistic its of a economic boom we're in right now? it is not just the corporate boom either. you asked middle class america, they feel more confident about the future than ever because there are more jobs than ever? >> millions of workers dropped out. that is what makes the unemployment. david: i agree. that looks bad. >> wage stagnation that. >> is getting better. >> massive poverty in this country. half the people are poor. half the people are poor. david: all right. i the thing i love but, you do have a slogan. you do put it out there as democrats and you and i agree on corporate welfare as well.
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i'm for all of that maybe we should write a book about corporate welfare. >> cracking down on corporate crime, david. "wall street journal" report as lot of it. david: sounds good to me, ralph. please come back to see us again, okay? >> to the ramparts. david: that is his book. thank you, ralph. melissa: rediscovering a masterpiece. a painting near half a billion dollars lost in america. the unbelievable details next. ♪
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(john foley) i was there in chicago when bob barnett made the first commercial wireless phone call in 1983. yes, this is bob barnett in chicago. (john) we were both working on that first network that would eventually become verizon's. back then, the idea of a nationwide wireless network was completely unreasonable. but think about how important that first call was to our lives. it opened the door to the billions of mobile calls
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that we've all made in the last 34 years. sometimes being first means being unreasonable. i'm proud i was part of that first call, and i'm proud that i'm here now as we build america's first and only 5g ultra wideband network with unprecedented wireless capacity that will not only allow for phones to be connected, but almost everything-- transforming how we all live, once again. (bob barnett) as you know, this call today is the first call that we've made on the cellular system. ♪
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worth now. once the world realized it was one of less than 20davinci paintings that remained it sold at auction for a record-setting $450 million. half a billion dollars. melissa: from 10,000. unbelievable. that does it for us. justice kavanaugh has been treated very, very tough. his family, i think it's a very unfair thing what's going on. they are giving it a lot of time. they will continue to give it a lot of time. i really would want to see what she has to say. >> i think it's fairly outrageous. >> i want to say to the men in this country just shut up and step up. >> you don't have to be sherlock holmes to figure some of this out. >> if she decides not to show up, that's entirely her choice. >> i can't say everything is truthful. i don't know. john: the woman accuses supreme court nominee brett kavanaugh of se
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