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tv   Cavuto Coast to Coast  FOX Business  September 20, 2018 12:00pm-2:00pm EDT

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record high since trump was elected. >> exactly right. i was trying to guess earlier, i said 74. 100 record closes for the dow. with everything else going on out there, it doesn't matter, the money continues to pour into wall street. stuart: up 250, we'll take it. neil, it's yours. neil: guys, thank you very much. what's propelling here and great interest to us as interest rates back up, financial stocks look good, technology stocks clawing their way for a comeback. 29 of the dow 30 stocks save chevron and only fractionally are down -- or up, that is the only issue that is down. i stress fractionally, but a lot of this climbing the wall of worry connell mcshane is following closely at the new york stock exchange. connell? reporter: interesting, the great neil cavuto say if the market is worried about a trade war, funny way of showing it. yet again today. record highs all over the place, and a couple of different things going around. number one on trade. some of the announcements whether it be china or the united states on the tariffs,
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maybe not as severe as some had feared in terms of the percentages but a macroview, if you look at how people are looking at trade going forward that there's still a bet on here that the strong domestic economy, we see it in all the data, whether the philly fed, or jobless claims, whatever it may be, that's enough to override the concerns about trade. we look at the individual stocks, microsoft, nike, so much for the colin kaepernick ads hurting. all-time highs in today's trading, if the dow closes up more than 211 today, it's up 255 right now. it will have 100th record close since election day. boeing, caterpillar, intel and apple pushing the dow higher today. and a final point, neil, on the bond market, something you brought up. ten-year treasury yield backing up to 307. no matter what happens here, is not having an impact on stocks,
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whether it is hovering in recent days and weeks. if it were to get on 3.11, the highest since 2011, none of that seems to hurt the stock market and it's backing up. i saw a tweet from our old friend brian wesbury, he said some of the business networks and including us in this, should call back the analysts who said 3% would be the end of the stock market, if the 10-year treasury yield were to get to that. it's been there, and above, that and the market today at record highs, neil. something else. neil: connell, thank you very much. and you're right, that was something expressed by a lot of folks, over 3% on the 10-year note, gray-haired folks remember when it was well north of 10% we would have trouble. everybody is stepping back, seeing it in perspective, the strong earnings, the political and other drama that you see, that's what market strength comes down to, whether you are left or right on this. they make money in this environment.
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they do well when they ignore the environment. that doesn't mean day to day things can swing, and they have and they will, the underpinnings of this market, good earnings and prospects for the earnings going forward, and business opportunities, amazon the latest to tackle that, we'll explain that in more detail when we talk about technology, add it all up and green arrows across the board. all the worries about trade and about what's going to happen to judge kavanaugh whether he can become justice kavanaugh, a lot going on that. let's read the tea leaves with the likes of senate freedom and prosperity chairman, charlie gasparino and liz harrington. charlie, to you first, the market that defies everything else, a matter of time before we get official tweet from the white house reminding us this is the 100th record for the dow since donald trump's election. he takes a bow, as you know, barack obama taking a bow for it. who gets the kudos?
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>> well, it's definitely trump. and i'll tell you why. listen, barack obama was very good for the markets because we had -- not barack obama, we had the federal reserve doing quantitative easing and keeping interest rates low. it wasn't very good for the economy, as you know. i don't like a lot of his antics personally. i don't like the trade war stuff, but for the most part, he's been extremely good for the economy, and just loosening regulations the way he did, massively loosening regulations, cutting corporate tax rate, cutting individual taxes, he's unleashed the economy. the economy is generally economic expansions, even the crummy one under obama last seven years, it kept going for a reason. the trump economy, it wasn't just trump, donald trump didn't invent the tax cut or deregulation, let's be clear. fact you have free market policies is propelling the market. i will say one other thing,
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neil. yields rising, particularly naturally the way they're going now is a good thing, shows the economy is improving and people are getting worried maybe about inflation, not overly worried, not like the fed is doing like it did during the 1980s, paul volcker put on the brakes, started raising interest rates dramatically to quash massive inflation. this is a naturally good interest rates rising, good for the economy, good for the bank sector and unless trump starts a trade war, things are good for a while. neil: that would be the wind at republicans' back, so you would think, liz harrington, but then they've got all the other issues which traders might not focus but potentially voters do. i'm talking about the kavanaugh situation, how that splits with women voters, and the trade war, that could buffett potential holiday buyers. how's it sorting out from the way you see it? >> interesting on the trade
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front. i actually heard from a prominent republican senator this week that said trump is convincing him and others who disagree with him on trade, maybe he knows what he's doing with china here. they're expanding it to consumer goods but very targeted and designed for maximum pain on china producers, and minimum pain for american consumers. so far we have this caricature in the media that president trump is reckless and he's barreling toward this out-of-control trade war, it's not happening and that's why i don't think you see the markets responding in that way. on the kavanaugh front, it remains to be seen. right now it doesn't look like the testimony is going to happen. and if ms. ford does not go forward and tells her story as republicans have given her a chance to do, they have no choice but to vote on the confirmation. i don't think it really matters much for women voters. story will go away if she does not testify. neil: you know, dan mitchell, i always wonder about that, and you don't want to get ahead of
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a bloc of voters, be it female any more than african-american, you know how they dice and slice the voting electorate, as they're part of a homogeneous group. republicans are worried they could be playing an anita hill hand dealt nearly a generation ago. do you think that's the case? >> i'm not sure we can make a judgment at this stage whether or not this fight over kavanaugh is going to have an effect on voting. what i can say with more confidence is if the economy is doing well, guess what? people no longer worry about the economy. so i'm not sure that faster growth will help the republicans in 2018, because now people feel, okay, i can set that aside, should i worry about the supreme court? should i worry about foreign policy or anything like that? so republicans have to figure
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out if they can take credit for the better economy, how can they convince voters that something to motivate their voting decision? that's unclear to me as an economist. neil: liz, talking about the argument for and against that is angry voters tend to turn now the midterm elections if people are sitting happy and liking what they're seeing with the markets, et cetera, their own financial well-being, they're less inclined to run to the polls. it could be a flip for republicans. what do you think of that? >> right, republican voters could be complacent if everything is going well. clearly democrats are energized on their anti-trump agenda, but i think we should keep in mind, midterm elections, the past few cycles, republicans generally do turn out for these elections. it's democrats that haven't. i know they're going to be energized, but the thing republicans need to figure out and do which would energize the voters much more is get things done legislatively, fund the
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law like president trump is asking them to do. get another big legislative win before the midterms, that would energize republican voters. >> i would say this, neil, what we don't know from voters, trump energizes his base. we know that. because we saw it and that's why he won the 2016 election in those five key purple states. but does he energize the other base more? that's the thing i can't get my hands around and i don't know if the polls show that. and one other thing i want to mention on trade and china. liz talked about republican senator says he's got his eyes open about china and trump might be doing the right thing. nobody is arguing with trump's approach to china, really. china is a perennial bad player, a criminal on the global stage. what people worry about with china and the reason the markets have been trading very flat, if you look at s&p from the beginning of the year until the latest stuff, it's been pretty flat, and the reason why
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is he's going after nafta, going after the europeans, going after people we need to isolate china. so sophisticated traders say is this guy out of his mind? why go after canada when the real culprit is china? why go after all these players that we need to really go after the major global menace, which is china. who knows about the polls, where trump energizes? and one other thing, neil, if the democrats take congress and the senate, that's going to be a problem fiscally for the country. can you see stocks trade off on that, it's a much more leftist variable. neil: wondering about the notion, people feeling and the impact, is this is a potential negative, i throw it out there, fair and balanced, cover the good and the bad. a post midterm election phenomena, going into the holiday shopping season, you see higher prices for goods because the china thing isn't
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resolved. potentially the canadian thing isn't resolved. everything from hand bags to washers and driers and on and on and on, i'm beginning to wonder whether that could be an issue for the economy, maybe for the markets, as we go into what is ostensibly supposed to be a strong holiday shopping season. >> if we're looking at it from the economic perspective, i'm not too worried right now because what trump is doing on trade is bad, but so far he's only affecting about 15% of imports, and i think the bad news there is offset by the good news in terms of lower corporate tax rates. things like that. what would getting back to the political discussion, when you're talking about who gets motivated? the average worker might not think much about trade, that might not motivate them, but there are hundreds of companies around the country, have announced layoffs, announced
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orders, dealing with higher input prices. if you are a worker at one of these companies, almost 100,000 jobs being lost because of trump's trade practices, those might be motivated. >> if they stick. >> to vote democrats. i think republicans will shoot themselves in the foot if they continue down this path. neil: i want to illustrate that point, an important one to focus on. if this sticks. if the phenomena lasts. i want to thank you all very, very much. the dow and the s&p in record territory. the nasdaq and the russell 2000 not going along for the ride. good average of small stocks but the big boys are rushing ahead and a lot of it has to do with earning. a lot of it with the sentiment as interest rates go up, if the activity goes up that paces that, that's fine. they can live with that. they love that. more after this.
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xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. . neil: all right, what if they created a fuss over the allegations against judge kavanaugh, and the person who made the charges doesn't show up for the hearing. then what? you proceed with the vote? we heard claire mccaskill is up for a tight re-election battle,
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she said it has nothing do with the back and forth with the accuser going back to high school. she's a no vote. i thought that was a foregone conclusion, i could be wrongment l wrongment. chad pergram, where do we stand now? reporter: in a cryogenic freeze, nobody knows if there is a hearing come monday. a deadline 10:00 tomorrow where she has to submit paperwork to the committee. we don't think they will cut her off, they will give her leeway, republicans want to give her deference. the council shot a letter to the committee saying this is being rushed, she is being harassed, feels threatened, we want fairness, why don't you push it back further? chuck grassley is insistent they need to do this on monday. here's why. when you get to having a committee vote, when would they have a committee vote? monday?
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wednesday? if you time this out in the next few days, it would take about five full days from committee vote through confirmation on the floor to run this out. run through all the procedural traps in the senate. that takes a long time. that's why right now you are up against the october 1st deadline when the supreme court's term gins. here's the other big question, what if this is never resolved? she doesn't submit to interview and these charges hang in the ether? how will the senators make the adjudication with the charges levelled and never learned more about it. that is significant. it makes it tougher for the swing democrats in republican states. claire mccaskill, what about joe manchin from west virginia, joe donnelly in indiana? it makes it a tougher vote for them, they might be inclined to vote for kavanaugh, they all voted for neil gorsuch last year, what would they do with the charges being levelled and very unresolved, neil.
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neil: then you wonder about susan collins on the republican side and the others, they wanted her to state her case, and if she doesn't, what are they going to do? jeff flake was among those to say i do want to hear from her, if she opts not to testify, where are they? >> yeah, and that's not quite as critical question because neither of them are up for re-election. now flake is retiring. neil: their votes matter. >> absolutely. and you heard me say this before, the math is so critical. we're in a narrowly divided senate, 51-49 in favor of the republicans, and you can't lose anybody on the republican side. if probably does give democrats an excuse to vote no if you have the unresolved questions or maybe proven that this in fact does happen, i can't vote for somebody who did. that here's the other thing going into the midterms, nobody knows how this is going to play in the midterms. win, lose or draw, nobody knows if the charges hang out there, and what's the perception by
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voters how republicans on the committee treated her, what's the perception how democrats went to bat for her. nobody knows how that will impact the midterm elections. sure impacted things in 1991 with anita hill and clarence thomas going into the year of the woman in 1992 where they went from two democrats in the senate to five. one of them was dianne feinstein. now the top democrat on the judiciary committee, she was elected in 1992, re-elected in 1994. neil: you are amazing, buddy. you know that? chad, thank you very, very much. president holding a big rally in las vegas tonight. should he avoid the kavanaugh topic altogether? caitlyn owens with us. the first day he was judicious in comments, careful. the second day a little more in your face. i believe the judge, et cetera. a lot of people telling him cool it, right? just leave it alone. it's a hot potato, right? >> right, yeah, and i think you
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summed it up accurately. it is definitely a hot potato, a difficult subject, and i think and you chad were talking about the allegation is one thing and figuring out how to flush out what to do with it whether it's true, who to believe, and how republicans handle it is another. a lot of republicans are concerned about how their approach to this looks and how women respond to it. neil: you know, i was wondering about that, a number pointed out a bunch of all white men not talking about the issue, and they can't help the fact they're all white men, and that's a category that includes myself, so i understand the tension, but what can they do? if they made this effort to make sure she gets any opportunity publicly or privately to talk to staff members, you know, and provide opportunity where they can give her a forum, short of an fbi investigation which could take
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weeks, maybe shorter. what are the options now? >> so chuck grassley has given a few different options. offered to fly a staff member to california to talk to her there. offered private or public appearance to talk to the committee. you know, i guess they're trying to let her choose the format but resolute on this should happen monday versus delaying it for an fbi investigation. neil: i guess what i'm asking -- sorry to jump you on there. >> yeah. neil: among women you talk to, even yourself, is there a sense that a lot of people bring up the anita hill example, and i see that apples and oranges here because here they seem to be making a concerted effort or trying to, to hear her out, and there are a lot of complications. this is a late development in the nominating process, and they're trying to avoid that, but what is your sense, from what you are hearing from women? they're leery of this boomeranging on themselves.
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>> so i think -- it's easier to talk about what people are afraid of, right? the white men grilling on her intentions, on her memory and credibility, and we're in the middle of the #metoo movement where men have been toppled by serious, credible, provable allegations. and so this could not be at a -- couldn't be happening at a more tense movement and so i heard republicans say if this hearing happens and if it's public, it's a really difficult situation for republicans. if you are trying to get to the bottom of this, enormous pressure that feminists, from the #metoo movement, from people on the left who believe this woman, but at the same time, there is a lot of people on the right saying how do you substantiate these allegations? how do you prove something that is unprovable? >> they are damned if they do,
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damned if they don't, if they go too far and aggressively challenge a question, they could be ticking off a lot of people. you never get the benefit of the doubt, the woman, the accuser, others will say you mucked up the process and create rage on both sides. if they were to grant an fbi investigation, i was talking to fbi person who said it could be wrapped up in a matter of days, forget weeks. it wouldn't really prove anything. what do you think of that? >> i think we're talking about hypothetical here, you don't know what you don't know until the investigation happens and has an answer. neil: the point of that argument is that we wouldn't be able to discern much more than talking to some witnesses or those deemed witnesses at the time or knew the accuser at the time, but there would be no way to effectively confirm one's view of that event versus another, you know? >> that's probably accurate. you know, you can't say that for sure. you never know. and i think that part of the screaming about process from both sides, the democrats
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should have brought this up earlier, that republicans should delay the hearing, it is a little distracting from the difficulty of deciding who to believe and how to handle it, and you know, how that should affect whether brett kavanaugh becomes a supreme court justice. i think this is a difficult, ugly question, and you're seeing the public splinter over it. neil: you know, finally, some of the market pros are telling me, we have factored this in as a nonevent, neil, it will be a close vote, party-line vote, he'll be the next supreme court justice. we've moved on. these are wall street guys saying that who don't have a fraction of your political insights, but they are basing it, and you can see it based on trading that's going on. they're not worried. should they be? >> i don't know if trading is the way to -- neil: it's my world, young lady, go ahead. >> they haven't seemed worried about much over the past year. neil: you are right. >> i think it comes -- monday is critical, right?
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i think that you're seeing a lot of people from both parties say that if she does not testify, kavanaugh will be the next supreme court justice. if this isn't brought to a public hearing where everyone hears her out, america hears her out, not just senators and staff, they will go ahead and confirm her if she does testify, that could change the game, anything could change the game, think about it. i think we've talked about people up for re-election this year, red state democrats and vulnerable republicans, but this vote could be one that lingers. 2020 is a much more difficult map for senate republicans than 2018 is, so you think about susan collins, joni ernst, thom tillis, all of the senators that the vote could come back to haunt them. neil: one said if he gets in, a lot of republican legislators, politicians get thrown out. we'll see how it pans out.
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always a joy. thank you very much, i appreciate it. >> thank you. neil: let's take a look what's going on at the corner of wall and broad, records, and microsoft standing out, a big one. remember when this was the fool's stepchild of all the other tech giants? microsoft, what? microsoft on fire? yeah. after this. when my hot water heater failed, she was pregnant, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today.
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neil: you know more people probably interested in the fortune of real estate than the corner of wall and broad. you can understand that. a lot of people own homes or want to own homes, existing -- future construction, looking at lowest level we've seen in a year, people want to know what is gone i normally turn to this guy, greg rand, impeccable read
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of all things housing. greg, good to have you back,. >> thank you. neil: let me go through this. we have some pieces of housing data. i'm wondering where you think we're going with all of the data we colated thus far, are we, are we stumbling? is future construction activity of concern to you, what? >> we're slowing down. that is something actually probably pretty good. there are people concerned this year about the price is rising too high. we saw what happened 10 years ago. what we're getting now is home sales declining a bit. home prices are going to flatten out, probably not decline but rate of expansion of home prices is going to slow down because the market is healthy. buyers get fed up with the sellers ever escalating with prices. inventory is tight. it will begin to loosen up. i -- homebuilders when you get too close to housing stats you zoom in too far you miss the
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trending. you have to zoom out. what you see when you zoom out, equalibrium in the market and buyers and sellers behaving such a way where the negotiation is fair and legitimate and prices are going to cool off a bit as they probably should. neil: if that is the case though, a lot of people read, first-time home buyers, how they're doing, how they're faring you see a lot of homes for sale that sit and sit. maybe prices are cut to entice those buyers. but for those buyers it has been difficult. will it continue to be? i guess the view that moves up the chain? >> in terms of inventory being tight and hard to buy, yeah. it is competitive out there. so they're going to find that there's a lot of other people are buying. i say be patient. keep looking. pounce on something when it comes. at the end of the day, people want to get into the market when the market is tight, it is the way it is. the housing market is a beautiful, friction free marketplace. almost always one seller, one
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buyer. they're haggling out a price. if the market wants to expand in terms of prices it will. if it wants to cool off it will. if you're a buyer you're in a tough spot. if you're a seller you're in a great spot. that will shift in couple years. neil: backup in interest rates, i can remember when they were a lot higher but they have been inching higher. 10-year note comfortably over 3%. i can remember when it was at least three times that. leaving that alone, a lot of people sticker shock. how much, homebuyers, buying a home because you got parried. you buy a home because you have another kid or do it for life-style purposes. if you got a slightly lower rate a year ago, who cares. if you get a slightly higher rate a year from now, who cares. i remember rates in the 8s, got down to the 6s, everybody was jumping for joy, they could
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refinance for 6.25. neil: perspective is everything. >> home buy something beautiful thing. decide to stay there a long time. you will not lose, especially anything in mortgage rates below six 1/2 you're golden. neil: its jobs. if you have jobs, the market is stable. that is a good wind to have at your back. >> yep. you and i are celebrating almost eight year anniversary. i came on your show just about eight years ago during the housing meltdown. what we said back then it was going to recover. if you have a long view you can see these short term things, are just that, short term blips on the chart. have a long-term view. neil: very true. said it then. saying it now. greg rand. always good to see you. that 4.65 average, greg was speaking for average mortgage, keep that in mind. i think that is what my wife and i were paying per day when we got our first mortgage. exaggerate a little bit to make the point. perspective is everything.
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it has been far, far, far higher than that. in this great economic environment who should take a bow, donald trump or barack obama? if you were to poll some college students you would think you would know the answer. you might be surprised. ♪ we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie. or the suit. or the shirt. voya. helping you to and through retirement. you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels
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find your certified financial planner™ professional at letsmakeaplan.org. find your certified financial planner™ professional named 'park' in the u.s. ninety-six hundred roads it's america's most popular street name. 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? neil: all right, if it close this is way for the dow it would be the 100th record close for the dow since donald trump was first elected. our charlie brady who follows all these things, the guy is a genius like scary smart. i don't know how he added it all up but it is 100. the trump folks are taking a bow. the president is reminding this rally. president barack obama is making campaign stumping cause we had a lot to do with this, hello. you go to university campuses,
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especially michigan state university you raise it with kids you would assume maybe the democrat would get the edge. maybe not. take a look. >> president obama gave a speech this week in illinois talking about how it's wrong for trump to take credit for how well the economy is doing because it is still is his economy. what are your thoughts on the comment. >> he has been out long enough it is not on him anymore. it is more on donald trump. so, i guess he is a little bit in the wrong. >> i would probably, unfortunately side with trump for this one. i think that he has done light a lot for the economy. that obama didn't do such a good job on but, yes, i guess i will side with trump on that one. >> i feel like, once the president's done, they hand it off. >> you feel like all presidents do this? sort of take credit for something that is happening down the line? >> i think the underlying fundamentals are still largely obama, in terms of confidence, changing people's attitudes,
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that is mostly trump. >> his tweets and stuff i find very offensive. a lot of them are against us. >> got it. >> but economically, i feel like he is really help hadding us. >> when you're in role as president of the united states, you should bring people together, noll polarize them. he definitely does make some good deals. neil: that is remarkable. even more so, because, you know cabot phillips, the guy doing all of this, was able to talk to them, over all that music which is so weird. anyway, campus reform media director cabot phillips. i was amazed at that, what do you think? >> it is interesting, i think the left run the risk party cried wolf. they consistently said if president trump gets power, armageddon, economy collapses, a lot of people will die. a lot of people hunkered down and poking up their heads out of the war bunkers, it is never
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better time for 20 something heading into the workforce. a lot of people are seeing rhetoric they're hearing on college campuses, seeing on tv, not matching results of economy. a lot of people separate what is going on in the economy. not saying all these students love president trump as a president but a lot of them were giving credit, he handled the economy, if i'm not giving him credit on anything else, the economy is something that is thriving. neil: it shows up in polls of average voters, possible voters of all ages, right? where personally they don't flip over the president for variety of reasons, that young woman telling you about the tweeting and comments on women i guess, but they separate what is going on with the economy, i guess by extension the markets. well, you know, you have to give him his due? >> i think it is important to remember who is in college. not millenials. generation z, the generation after millenials. they grew up with age of economic uncertainty with president obama as president.
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and growing up of age as adults and see thriving economy with president trump. that remains to be seen now what will that do when it comes to voting? how many americans in the midterms, say you know what, i may say i disapprove of president trump's job, but i don't want to fiddle too much with the economy. i'm willing to put up with a lot more. i think that is the case for lot of people, especially younger americans who are about to enter the workforce. neil: you could be right. i know it was a smattering of folks you talked to. they were very discerning, not wildly siding with one president or other, one party or another, enough to step back, i can see what is going on now, see some of the problems with this president right now, but i can also see what is happening right, beneath me right now. and i like it. now, to your point, did you get a sense from them that young, notoriously are not inclined to show up even during presidential elections, let alone midterms? so, what is the likely read from this? >> i don't think there is going
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to be a sudden wave as much as people are thinking as far as wrung people going to the polls. hard enough to get people to go out for presidential elections and young people for midterm elections. i don't think that will happen as much as left is hoping it will. this serves as message of republicans on issues winning young people over. a lot of people in millenial and generation z generations are more fiscally conservative they may know, when they hear the socialist ideas in college classes they are convinced they have to be leftist when it comes to the economics. i do think a lot of young people could be won over, i've seen it happen, can be won over with fiscally conservative ideas. there is a bad taste in their mouth when it comes to the republican party. neil: cabot, i like the way you handled questions. you keep yourself out of it. you are your discuss, listen, one by one they spill their guts to you. touche. >> you have to come out to campus with me, neil. neil: it has been 100 years since i've been on a college campus. cabot phillips, thank you very
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much. isn't that revealing people think it might not go exactly to typecast here. we're taking a look what might go to typecast with technology trying to claw its way back, of late in september, whenever they close the books next friday. the fact of the matter technology has not been a stalwart player. it has been dull companies with dividends, very good constructive companies but they're not superstars. now some of those tech names are trying to make a comeback today. but on the month, they're still having a tough time. what that could tell us after this. ld way. in today's complex world, you need a partner that is driven to provide you with better solutions 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.
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ythen you turn 40 ande everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough?
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should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. neil: you know this is not the reaction you would expect with amazon's stock if you get a report that the european union is probing how you get information on your merchants and third party merchants. what is going on here? hillary vaughn with the very latest. hey, hillary. reporter: neil, regulators in the eu are looking whether amazon is unfairly using data to get an advantage over independent sellers on their platform. the top antitrust regulator in the eu says they're closely looking how amazon use this is data to compete with vendors. so far this is not a formal investigation and the eu competition commissioner says
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their review is in the very early stages. the question regulators are looking to answer, does amazon have a unfair dominance over the market? the mountain of data amazon can mind about your habits are in question. who is looking for a product but actually hasn't purchase ad product yet, then use the information to drive consumers to their private labels? the commissioner wants to know if amazon is unfairly using that information to monopolize the market, outsell everyone else. vendors on amazon do have some access to some sales data. but data how shoppers look for products, what products they're comparing can give amazon an inside advantage to manipulate prices for a shopper to beat national brands. this is latest development in wave of a antitrust movement that swept through the u.s. and e.u. the european union is first to take action against tech giants like google, who had to fork over a $1.5 billion fine in
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antitrust violations. just today, google in more hot water after the company admitting it lets outside app developers scan your email and scoop data in some cases, employees at these app developers are reading your email. these third party apps, or data can be shared with third party apps as long as they are transparent they're doing this with user. that is what google is saying n a letter to lawmakers they submitted ahead of a commerce committee hearing on the hill on wednesday, looking at data privacy, how these tech companies are handling it. in regards to the amazon issue i reached out to them for comment about this developing probe. they so far have not gotten back to me. neil. neil: hillary vaughn, thank you very, very much. as hillary is speaking there to her point, both those stocks, alphabet, amazon racing along nicely today. in fact through all the queries by foreign governments particularly the eu, the stocks are topping it off. to tusk investment founder
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bradley tusk. amazon that could be the nectar get de jure, bradley, but what do you think? >> eu is often more aggressive than the doj. clearly amazon will have to confront them as well. the bias against tech companies in europe is a lot stronger than it is here. what happens there doesn't necessarily will happen here. neil: a cynic in this country could look into it, they're always going after american success stories. they want to target them and want their pound of flesh. if they get a few billion dollars out of alphabet and same out of amazon, so be it. what do you think? >> that's a real concern. i look for example, when i looked with uber, trying to break into european markets across the continents, we faced intense institutional resistance, they want to protect the entrenched interests and protect the status quo.
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neil: you will not pick apart price differences, investors in alphabet, or amazon much like earlier with ebay, they have a funny way of showing it, amazon seems to merryily making plans for 3,000 cashierless stores. what are they doing? >> what is interesting they're building an empire that anticipates every single time what people want, and give it to them. there is all kinds of opposition to ghost store. we can't get rid of cashier jobs. we have to keep things way they are. they anticipate people's needs and technology from point a to point b, to make it happen. that is why they're so successful. they are rewarding a company that is ahead of its time. neil: we have this technology in number of grocery stores,
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elsewhere you have option going cashierless route or using cashier, amazon says it will be only cashierless but what can we make of fallout we expect. >> there will be all the usual. sky is falling. technology is bad. we can't embrace change across the board. you will still find people shopping at new amazon ghost stores anyway. in 10 years that will be the norm. right now if you don't want to go to a store with cashless register, go somewhere else that has it. even right now if i'm at cvs, choice to use the checkout scanner or deal with a person, faster to use the scanner. that is human nature. neil: but they scare me. actually the person and the cashier scares me. do you think amazon is a target right now given jeff bezos' wealth and everything else? "new york times" editorial saying jeff bezos should be concerned we don't create another jeff bezos, going after sheer wealth? >> anytime you succeed at that
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level you're putting a target on your back. bezos is very unafraid to do things differently. it worked incredibly well. as a result if you're eu regulator or "new york times" editorial board member and someone else that doesn't fundamentally believe in the free market, he is a attractive target. neil: thanks for talking to me. bradley. >> thank you. neil: bradley tusk. 29 of the 30 dow stocks, all but chevron, chevron i have to stress only down about nine cents. virtually every major sector, all 11 sectors in the s&p 500 they were up last time i checked. buoyed by strong earnings and prospect they remain strong. we shall see. you wouldn't accept an incomplete job
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,. neil: might have been late to the party the question whether at 4:00 p.m. eastern time can join the party. dow jones industrials have not achieved the record since january of this year. comfortably in record territory buoyed by concerns that eased considerably for trade. even though we're ratcheting up the ante on both sides, the fact of the matter the chinese could have bonn further on their own tariffs and haven't. we could have gone further and widened list of targets for tariffs and we haven't and we're leaving the door open for talks. add all that, uncertainty around the kavanaugh nomination whether
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he makes it to the supreme court. much people feel it is much ado about nothing in the investment community and feel he will make it to the supreme court. no way to know if this pans out. only way we can tell looking at investors they think it will. they are often wrong. i like to stress that but right now that's what they're betting on. blake burman at the white house. hey, blake. reporter: clock is ticking four this afternoon where the market ends up three hours from now. there is another clock, 21 hours from now, 10:00 tomorrow morning, chuck grassley the top republican on senate judiciary committee he wants to know by 10:00 tomorrow morning if christine blasey ford plans to attend a hearing next monday, monday morning or at some point monday, rather, with the senate judiciary committee, whether or not she will testify before that committee. remember where we started earlier this week. ford's attorney says if there would a hearing she would be willing to testify. then republicans, senate
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judiciary committee put forth this hearing now. ford's attorneys are saying they wan a law enforcement investigation into the allegations against brett kavanaugh before she will testify. they say as well they feel the process as far as potential monday hear something being rushed. this is a statement her attorneys put out last night to that end. the committee's stated plan to move forward hearing is two witnesses is not a fair or good faith investigation. the rush to a hearing is unnecessary, contrary to the committee discovering the truth. many republicans they want ford to testify on monday. if not they feel then this process needs to move forward with the vote. >> if this information is there, we want that information before the committee and before the senate. if the information is not provided, after this time, we've spent on this, it is time to move forward and get the votes in next week. >> if there is such information out there it is the job of the committee to provide a forum for that information to be made
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available. you can't force someone to provide that. and so ultimately we'll have to move forward based on what we know. reporter: as we stand here 1:00 thursday afternoon, tough to tell, neil, what exactly will transpire at or around some time by 10:00 tomorrow morning if we know ford will testify then or not. yet alone what could happen next week. you've got republicans talking about this hearing and a possible vote as well. right now it seems most of it depends on if ford will testify or not. neil? neil: buddy, thank you very much. blake at the white house. there are other deadlines too when it comes to trade. for example, on canada, a loosey-goosey kind of thing, but the canadians are feeling pressure to enter a agreement. edward lawrence in washington with the latest on that front. what is happening, edward? reporter: neil, it is looking like something huge will have to get canada involved in a revised nafta. in 30 minutes the talks start again today.
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this is the fourth straight week of talks. we have sticking points, prime minister justin trudeau told reporters he says they need movement from the u.s. to get a deal. u.s. sources say they have a good deal with mexico, that does not have trade dispute language that includes arbitration. an that canadians have to come around to that side. the talks this week are cordial. >> nafta is a very complex agreement which governs the largest trading relationship in the world. it governs two billion dollars worth of trade every day. for an agreement of this scale, 13 months for a very deep modernization of the kind we're working on is absolutely normal. reporter: she says she is committed to getting a good deal for canada. here we are back again.
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the final language of the agreement would have to be written next week in order to get it to congress by september 30th. by august 31st, canada and the u.s. agreed to keep talking. here we are with the same two sticking points. the protection over dairy the canadians want. also the trade dispute language the canadians want to see in the agreement. neil, back to you. neil: edward, thank you very much. it is either a war or to hear jamie dimon tell it, maybe a skirmish, when you talk about the battle back and forth with the chinese. that is a big one where all the marbles are apparently on the table. market watchers john payne or john tameny. what he is saying, john, don't worry, this is no big deal, maybe anticipating there will be some deal. what do you think? >> let's hope there is a deal. let's hope there is an end to any of the trade talk hostility. it can't be stressed enough that only closed economy is the world
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economy. when you look at that in terms of china, this is a huge market for u.s. producers. i say it all the time, most valuable u.s. companies is apple, gets a quarter of revenue from. second largest market for mcdonald's. to go to war, put up barriers for china imports here is to limit u.s. sales over there. neil: the market seems to be saying baloney on that, lately, throughout this whole trade friction that ryan, it will not happen. cooler heads will prevail and a lot of these trade sensitive companies, like boeing and caterpillar are breaking out. what do you think? >> yeah. no i think absolutely the market is telling the real story of the bottom line, one thing discounted is this hertz china so much more than the u.s. at the end of the day china imports to us four times what we export to them. we have the upper hand here. that is definitely what the markets are telling you right now, neil.
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this is definitely where the u.s. has the upper hand. the market is getting past it. you're starting to see the dollar weaken a little bit. would i arguably say for china two investors passed it because china bottomed in the short term as well. neil: let me flip it around, john. the other argument this takes a while to resolve. that the chinese who might offer concession, might not offer until well into the new year. we could look at higher prices for lots of stuff going into the holiday season. that will tick off a lot of consumers, what do you think? >> to your earlier point at least for now markets think this should be a pretty easy transition to whatever comes ahead but i want to stress again, what hurts china hurts the united states. let's not forget that u.s. shares are priced based on the idea that the chinese economy is going to grow and with that demand within china for u.s. goods that are very aspirational there will skyrocket.
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when people get excited here, yeah, china is really hurting in this, trump is winning. no, you don't win by knocking down what is the biggest or second big guest market for your best companies in the united states. neil: a lot of people wonder about that too, ryan. whatever victories are achieved could china a sneaky way still stick it to our big businesses? make it difficult for them to expand? make it difficult for them to enter certain markets in a way that isn't patently obvious but you know is going on? >> well, no, i think this trade skirmish we'll call it as jamie dimon did is more of a short term issue. in the short term you have to look where china is. their economy is slowing. their exports actually decreased from july to august. if we were to add that 25% tariff at the end of the year on those $200 billion in goods, that could strip away half a percent of gdp for china next year. i think we kind of have them in
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a corner right now. in the longer term cooler heads will prevail. in the meantime i think u.s. has the upper hand. i don't think you have to look past that. i think we'll get concession because those immediate economics are so critical. neil: john, regardless what happens on trade, is it your sense this is a fairly valued market or getting ahead of itself? >> you know i think markets are generally always right, pricing in what the future looks like. i think right now they're saying what is going on in terms of the trade skirmish isn't going to be that big of a deal. i point out, consider the unseen what if we weren't having a discussion at all how much more advanced stocks would be. the best deal is the one that exposes the u.s. companies to the most global competition and frees the american people to purchase as much as they want from around the world. that is the best deal. we'll win by reducing barriers to foreign goods. neil: gentlemen, thank you both,
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very much. good stuff all. i appreciate it. >> thanks, neil. neil: you heard a lot back and forth whether the judge will ever become a justice and whether his accuser will ever go ahead and give her testimony. then the role of the fbi to do an investigation both side say isn't a slam-dunk, and should the fbi be in that position to begin with? after this. oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade.
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neil: before we hear from christine blasey ford, the accuser of judge kavanaugh here and arguments that he attacked her in high school almost four decades ago. her lawyer says there should be a full fbi investigation here and then we'll talk. how long would that be and is it the fbi's role to do that, go this far back, what certainly would be a precedent-breaking event? let's ask former fbi assistant director, ron hoskins. i'm not looking at politics of one side or the other, ron. i'm curious what are the fbi's responsibilities here? if they're called upon to investigate something, even like this, are they obligated to do so? >> if called on by the
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white house, neil, they, i think they would immediately undertake this responsibility. they were responsible for conducting the background investigation initially of judge kavanaugh as they do of other white house nominations. they dig deeply into their backgrounds generally not to look into high school records, if someone is in their 50s. they look closely, their part of the job is to surface der interrogatory information so the white house can make a choice about pursuing a nomination or perhaps withdrawing from one. it is perhaps in their mission requirements if the white house chooses to additionally task them here. they are a service provider from the white house. neil: the white house doesn't make that call. president trump would have to make that call? >> or the white house counsel could call to the fbi security division, we want you to reopen this, cover this ground. i'm sure the fbi would do this
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very quickly. they treat to do these aspects investigations. they used to be known as spins in my day and could cover leads on allegations very quickly. neil: they would presumably talk to witnesses, find them at the time but there would be no way of ascertaining proof what way or the other what would invariably be a he said/she said situation. so what happens there with that material? >> well you know the starting point is the accuser, ms. ford. they would have to first get her cooperation, have her lay out the best recollection she has. if that included other people who she knew were at this party, who were they? the fbi could set about tracking them down to validate they were there. that they recall her being there. again, part of the difficulty, neil, is obvious. we're talking about recollections that for most people are 35 years away. neil: right. >> not momentous as they are to the accuser. so it could be very difficult
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indeed to have anybody who says i remember the event. neil: so normally, if you misstate or lie to the fbi you perjure yourself that is a crime. in this particular case, if someone like john dean, misremembers, what is the punishment there? because to your earlier point there is no way of ascertaining who is telling the truth per se. so, how does that go? >> well, generally, the fbi is not looking to pursue a prosecution for misremembering we should keep in mind the universe of witnesses and information is finite as it appears, there are a bunch of of smart lawyers on the senate judiciary committee who could ask the same questions of miss for herself and in sworn testimony she would face the risk of perjury like the risk after false statement prosecution by the fbi if it is intentional. nobody is looking to prosecute
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accidental miss remembering statements. what we're looking for is the truth. neil: this is separate area. i don't know if the fbi was ever involved in this, catholic church priest scandals that happened, some dating back decades. >> right. neil: how did they ascertain which were credible those that weren't especially in case of people passed away? different case i grant you, but i'm trying to understand how you discern and glean information which you find to be reliable versus questionable? >> look, first, you're trying to corroborate essential facts that could include places, other people you confide in at the time. people who you confided in subsequently, admissions by participants, being challenged on whether you're assertions and your version of the facts are truthful and often that can yield fruit, give the sense
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someone is more credible than someone else. to my knowledge the fbi hasn't been involved. i don't know of a jurisdictional basis for the fbi to be involved in the catholic church scandal. neil: neither do i. i just raised it there. how long do you think it would take, optimal time it would take, president says look into this, how long? >> i think with complete cooperation from ms. ford and judge kavanaugh, mr. judge, who we are toiled the alleged participants, that part could be covered by close of business tonight and on paper in and on the white house desk tomorrow. then it comes down to, because you have two folks saying i don't know anything about this, how much more detail can ms. ford provide? are there people, not tracking back a place, take pictures of the colors of the wall, and looking at the furniture, but are there people who can corroborates what she is saying, her presence there, her demeanor, coming to, going from
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the party the fact mr. kavanaugh or mr. judge were seen there, that gets a little bit harder to track down witnesses she would identified to commit that to the record. that could also be done over the weekend if the information came quickly. neil: ron, thank you very, very much. i appreciate you're welcome. neil: ron hosko. nasdaq shrill -- slipping a little bit. this broad-based rally has a lot of people saying what props? after this. -- problems.
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charlie gasparino, this is his expertise, charlie, what do you think? . >> you love this story, don't you, neil. neil: i really do. >> brings bach to your youth. the stock to watch, i think, in the pot stock story is the other one on the chart, tilray, up and down, up and down, up 40% yesterday, down a little less than 20% today. this is a stockcative of the sort of debate in the market whether pot stocks are fad like bitcoin or something that is real there, momentum in the stocks because of medical marijuana use, because of recreational pot usage. legal in some states, legal in canada and the soft drink manufacturers, coca-cola might do a pot soft drink. watch tilray. down more than 20% today, it's
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been up 900% since ipo last year, and here's the real thing, some people are worrying, people are worried about a massive short squeeze in this, meaning even with the price down today, it's still difficult to borrow the stock, if it's a short sale, borrow on the stock. if there is marginal positive news, can get squeezed and lose a lot of money. one of the most prominent shorts is andrew citron, been around a while, provocative reporting. i spoke with him earlier today, asked if he was committed to his short position, and he said of course, he is. he also thinks the price of tilray is indispensible given meager earnings and revenues and the fact that you're going to get u.s. regulation that puts a lid on how much pot can be dispensed and utilized in a
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recreational standpoint. but he did concede. there is a short squeeze going on here. in the short term, if you get marginally better news, let's say gatorade wants to do a pot drink, i'm not saying they are, but prices can go up, and tilray, should i point out, has a small flow. not a lot of shares outstanding. the recipe for the short squeeze is amazing. watch the stock, it's going to be interesting, up 20% one day, down 40% the next. it's up 900% since ipo last year. back to you, neil. neil: like a bitcoin thing, thank you very much. we're keeping track of florence. well after the fact. she might have ended up not being a major hurricane when she hit, but man, oh, man, have proven an expensive one. gerri willis has the details. reporter: neil, that's right. insurers are meeting with
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people today setting up insurance camps. they move to other cities later in the week and spoke by telephone today to state insurance commissioner who tells us we're seeing extensive damage across eastern and southeastern north carolina. in many counties it's worse than hurricanes floyd or matthew. we have one estimate of total damage, these are just estimates, 1.7 billion to 4.6 billion worth of damage. moody's said 22. the estimates are far ranging. i want to show you pictures we got from usaa, that's the insurance company, before the hurricane and after. check these out. if you want to see some of the pictures, go to usaa's website, usaa.com/help. you can dig into the city, the town, the street that you want to see. they're fascinating pictures. the insurance commissioner said
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damage estimates are far from complete because the state is still responding to the crisis. many folks are likely to be shut out of coverage since the major damage is flooding and just 135,000 homes have flood insurance policies from the federal government. usaa is on the ground with 800 employees and recorded 30,000 claims so far. many online. that number expected to grow but is currently less than the total number of claims recorded by last year's hurricanes. harvey, the claims were 49,000 and irma which totaled 75,000. we're still counting the numbers here, a ways to go before we have a complete picture. back to you. neil: amazing, gerri willis. you heard about how the north and south korean leaders were meeting and the promises made to set up another meeting. mike pompeo on the progress. >> we have made steady, albeit,
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slow progress, but we've always known this was going to take some time. the south koreans had a successful engagement. president moon with chairman kim just over the last 48 hours where, we made another step, where we will get verification of an element of north korea's program on the ground. that's a good thing. neil: all right, retired lieutenant colonel and florida congressman allen west. good to have you back with us. what do you make of the overture supposedly made on the part of the north koreans, are a believer? >> not a full believer, it's important that north korea has come to an understanding that they have a very resilient president, a very focused president in president trump, and they see mainly what president trump is doing with economic pressure on china. that's a huge benefactor to them. the sanctions are causing damage to north korea and maintaining a strong military deterrent force. north korea is banking on emotional ties with south korea and trying to see how they can
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leverage. that i think the pressure will stay on. but i think the most important thing, we need to get our inspectors in there, find out how many nuclear warheads they have and the status of the ballistic missiles. neil: now do we know where all of the sites are, colonel? we have a good idea but might be stuff we don't know about. what do we want specifically from the north koreans? they can always tell us, you can watch us at this site, when we blow it up. how do we know they haven't moved stuff? >> you are absolutely right. for those of us that have kids, the kid can bring you into a certain room and bring you to a place and say i cleaned my room but not show you parts of the other room. we may have satellite imagery, human intelligence that says this and that about certain sites but need to have boots on the ground with inspectors that can go wherever we need to go to confirm or deny what we believe, especially with the number of nuclear warheads, the
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ballistic missiles and not just have north korea guide us to what they want us to see. neil: next week the u.n. is in town, a couple of things, traffic in the city, but provides opportunities for leaders to meet behind the scenes to get a pulse of what's happening. are you optimistic a deal can be had with the north koreans? they will make good on, this or was the meeting earlier in singapore a flash in the pan? >> i think the meeting in singapore was very important. it was a necessary first step, but i will tell you that i believe that kim jong-un and also xi jinping are sitting around and waiting to see what happens with the midterm elections in november. if all of a sudden the house and maybe the senate goes over to the democrats, i believe that you will see a different attitude coming from china and north korea because they know that the democrats will have the presidential manager of donald trump focus elsewhere and that will alleviate the pressure on them. neil: real quickly, your thoughts going on in
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washington, as a congressman you weren't involved in supreme court candidate issues, but the back and forth on the republicans very fearful it could hurt them with women voters, what do you think? >> i talk to a lot of people on the ground in texas and, of course, i talk to my wife and my daughters, and they're concerned that the #metoo movement or what they see is a viable concern of women is leveraged for political gain. what i hate to see is one-third of the branch of our federal government is being held hostage. so i think that 10:00 tomorrow, we'll see if dr. ford comes forward. the american people would like for her to come forward and participate in the hearings monday. neil: thank you, my friend. very good catching up with you. >> pleasure. neil: we're learning more about what might or might not happen with judge kavanaugh. people saying you got to start talking to witnesses, talk to people around the judge and all of that. there are reports right now that members of that judiciary committee already have. after this.
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. neil: we're getting an interesting item into our newsroom right now, that apparently this rush to get an fbi investigation going and talk to anyone and everyone around the accuser and her charge that, as teenagers, brett kavanaugh attacked her, they should talk to witnesses, they should talk to those involved. we're learning that staff of the judiciary committee has been doing just that, contacting mark judge, a close friend of the high school students. there might be four other people as well. the significance of that can't be lost on those calling for an fbi investigation ahead of trying to get christine ford to testify next monday. remember, that chuck grassley, chairman of the judiciary committee, wants this resolved, commitment on the part of
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dr. ford tomorrow by 10:00 a.m. let's go to judge andrew napolitano, his read on this. what do you think? >> this is the republican staff on the senate judiciary committee. neil: democrats get an opportunity, or they decline? >> they declined. which is somewhat telling. they work for senator dianne feinstein, who, of course, started this whole mess by hanging onto that letter that she received in july which contained a summary of the allegations of dr. ford against judge kavanaugh. neil: this happened monday, the interview started or -- >> i'm going to guess from the tenor of the tweets and from the source of the tweets that these interviews, which are under oath, and therefore if the person who gave the interview lied, could be prosecuted for perjury, favor judge kavanaugh. neil: would the same apply if the fbi were interviewing them? you lie to the fbi? >> that's the martha stewart case. and that wasn't an official interrogation. that was an in-office conversation. neil: why wouldn't the
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democrats want to be part of that? >> ask senator feinstein. i think she thinks by democrats not participating in this, a guess on my part, that will put pressure on senator grassley to dispatch the fbi to california, dispatch fbi agents in california to interrogate dr. ford. neil: who does it matter, if it's members of the committee democrat or republican or the fbi? >> well, the advantage of an interrogation, preceding a public testimony, is that often when the cameras are there, the person says things differently than when the cameras weren't there. case in point. when anita hill lobbed her allegations about then judge clarence thomas, at the very end of the senate judiciary committee's interrogations, just like now, the chair was senator joe biden, democrats had control of the senate. he asked fbi agents to interview her, which they did. when she came to testify and she testified differently than
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what she told the fbi, senator arlen specter, former district attorney in philadelphia, demolished her in a cross-examination. you told the fbi this, you told us that. you told the fbi this, you told us that. so these preinterviews which lock the witness in under oath to a version of events they can't deviate from could actually help judge kavanaugh's cause. in my opinion, he must win this on the merits by demonstrating that his denial is more credible and believable than her claim. if he doesn't win it on the merits, if he wins it by default because she doesn't show up, he'll probably get on the court. but that taint on his skin will be with him the rest of his life. neil: well, he could be finished. >> correct, correct. who wins if it's a tie? justice thomas won in the so-called tie with anita hill. i don't know if in this me too
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era that we live in today, i'm not critical of the movement, the movement has done tremendous good, in the era today if the tie would necessarily go to judge kavanaugh. neil: and shake off the shaky republicans. >> might cause the republicans who don't like the president or looking for a reason to vote against judge kavanaugh, this might give them the reason. neil: so what are we left with if she opts not to testify? >> okay, we also learned this morning from our intrepid john roberts that judge kavanaugh gave testimony under oath to the senate judiciary committee staff. question, will he testify on monday if she doesn't or will they merely read into the record the q&a that he went through with the staff? that's the decision of senator grassley. neil: dumb question, and i raise this with a former fbi guy earlier, there's no way to prove one way or the other, correct? >> correct.
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neil: it's a he said/she said. >> there's no rule that says she has to prove that this happened. there's no rule that says he has to disprove that it happened. it's a question of impression. at 5:00 monday afternoon, what is the impression in the senate and what is the impression in the country that she's telling the truth or he's telling the truth? if she doesn't testify and judge kavanaugh prevails by default, i'm not sure that's good for him. neil: but he would become a justice? >> i think so, yes. neil: if she does and reports, he might not. >> i think so. are you going to ask me the same questions in the green room they went to grammar school with. neil: he's talking about our mutual friend and buddy, joe piscopo, we're going to talk about teddy chase ripping "snl," and i was going to ask those questions of the judge and save the drama on capitol hill over supreme court justice for joe. >> i am dying to hear joey. neil: wouldn't be that great?
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. neil: all right, a lot of players in a bidding war that could all end saturday. twenty-first century fox, comcast in a bid for sky and weekend auction. susan li on all of that. reporter: after a 21-month long
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bidding war, we are going to find out who the winner is of the comcast-sky bid this weekend. fox already owns 39% of it but wants the rest it doesn't own. comcast wants to broaden out international footprint. so the auction process, it's pretty rare in the uk and rather unusual, and it has never involved as big a prize as sky broadcasting is. there will be three rounds of bidding, fox bids first and comcast bids second in a sealed envelope bid-off in the third and final round. comcast put in a higher bid, $19.52. higher than fox at $18.53 apiece, u.s. dollars, sky is trading at close to $21, and that means that the market is anticipating a showdown between comcast and fox and will likely drive the bids higher.
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this is merger arbitrage in the markets. what complicates the markets is fox has already and sold to disney for over $70 billion. this basically pits bob iger and rupert murdoch against brian roberts and comcast and the other. analysts expecting extremely competitive bidding war this weekend. fox willing to possibly up that bid in order to gain control, and people are reminded of 1988, remember rjr nabisco and the relatively unknown private equity group back in the day? neil: you weren't even born. okay, susan, thank you very much. susan li. you probably know by now if you watch tv or follow the president's tweets he is not a fan of "saturday night live." neither was or is chevy chase. the show has gone down hill since he left and saying anything about the geniuses that came after him. like this next fellow, former
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"snl" cast mate, joe piscopo. joe! what do you think? judge napolitano, he's my buddy. neil: i was going to ask but the judge thing now. on this, what do you make of that? he's saying it's all a disaster. >> you didn't get my distraction, can we talk about the judge? what is the source? that's the one thing i learned from being on the radio, learn where the source is coming from and is it fake news or not. neil: chevy chase talking to the "washington post." >> exactly. i don't know what to believe and i would love to hear what chevy has to say after the fact. >> i told what you he said. >> the post said that. did he come out and follow up on it. neil: you don't believe it? >> i don't believe it because he is very close. chevy is so nice, we replaced the original "saturday night live" with billy murray and chevy, belushi and aykroyd. neil: he thinks you all sucked. >> there was a time we weren't great. honestly. neil: that was never the case. >> when we replaced the
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original, it was tough going and got on our feet, and hired eddie murphy and dick ebersol, we were okay, and chevy hosted the show, and couldn't have been more pleasant. fake news. fake news. neil: you have a tough time believing this. you're dodging this so badly. >> i am. neil: you're not being very gracious. people thinking it's heavy-handed on the political stuff, do you argue that it does? >> i said myself, i said stormy daniels should not have been on the show, everybody said joe is blasting "saturday night live." someone should play stormy daniels, they don't lampoon the left, maxine waters, the angriest woman on the planet. i'm so angry. leslie jones has got to do maxine waters! it will be one of the iconic
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"snl" characters of all-time. neil: you are the only celebrity of note they know that says something good about the president. that might be good or bad, i don't know, but you know all of your "snl" brethren, past and present, they don't like the guy, and free not to like the guy, it is pervasive in entertainment, iconic comedy shows, pervasive, is that right? >> you should be objective. i know and you know donald trump for all those years, and i always tell everybody because they look at me like, you like donald trump? i told you when they ask for an autograph, hey, hey, i like your politics. we have to have a secret handshake that we support the president. [laughter] >> it's true, you know? this is my favorite, we like you on fox news. and they appreciate my politics, which is pro-america. that's tall is. america first and we like that the president sticks up for the united states of america.
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neil: do you think he is a little thin skinned and that feeds the "snl" beast? >> yes, that's a good criticism i guess. i don't know. i know that when you -- neil: you are trying to be switzerland. what is it? >> because it's close to italy. you know? [laughter] >> hugged me as the president and gets no credit. it's a blip in the news. it's all kavanaugh, dr. ford, a blip in the news, i think it's a great inspirational story we should see as americans. neil: maybe that's what chevy chase is seeing, a little too much of that. >> and i'm giving "snl" hopefully -- not that they care for crying out loud. why isn't anybody doing adam schiff, with the eyes, the children of the damned. lasers out of adam schiff's eyes. >> i am angry! >> they do devin nunes.
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you argue -- >> wait. did you see that? neil: you would say that? >> absolutely. the left is so much more biased than the right. neil: maybe chevy chase is just bitter, his career sputterred, that could happen too, and maybe angry -- >> you are not letting up on this. neil: you were the next wave. you were like remember the mercury 7, you were the gemini 7. be like the mercury 7. >> instead of a crew cut. i remember that. i don't think so, i think it was off the record. i'd like to see the source of the "washington post." >> you are incoreigible. >> i want to see what it is, before we throw chevy under the bus. we're all family. when i leave and they say what's neil cavuto like? he's the greatest human on the planet. neil: do you not. >> i do. you got to protect your friends. you know? did you see the picture of -- neil: you are busy protecting
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me and everyone else. >> you are not letting me off the hook. neil: you don't want to go -- >> not last week. neil: thicker than blood at "snl." >> it's my home, i will stick up for it, if something is out of sorts. >> what happened to chevy and loren michaels. >> what is this "tmz"? harvey? harvey levin? i don't know! they're friends! i can talk about the picture? neil: he's more or less saying it's all gone to pot. >> can i talk about the picture in my mom's room. neil: beautiful. >> i went to my mom's, there's a dresser, i see on the dresser, big huge, ancient cross of jesus. i see mary, and i see family pictures and then a personally signed autograph of neil cavuto. neil: that's right. i was next to jesus. i was next to jesus. do we have the picture? yes or no? >> i sent it to you. maybe they don't want to put it
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up. neil: we got to prove it. could this be fake news to a lot of people. >> it was well. neil: joe is doing well. >> so many guests i find here like gordon chang, how great is gordon chang, he came on the show to talk about north korea. neil: does he do jokes? >> no. neil, i love you, man. neil: you are the best. horrible stuff you said about chevy. more after this. >> angry! to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. 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
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neil: really don't know how you top joe piscopo with a strong market rally and a record that could hold. cheryl casone to take you through the next hour. cheryl: cavuto, thank you so much sir. breaking today, president trump touting the strength of our economy as dow and s&p hit all-time highs. good numbers to see. president telling americans they want this momentum to continue republicans must retain control of the house and the senate. so, can they get this done? we are on it. hi, everyone, i'm cheryl casone. i'm in for trish regan this afternoon. we want to welcome you to the intelligence report. markets are in record territory.

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