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tv   The Evening Edit  FOX Business  September 20, 2018 5:00pm-6:01pm EDT

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when asked whether or not he refuted the statement at the rally, we haven't received a response from the senator. i suspect he didn't or we would have heard one. melissa: that is so outrageous. there you go. david: say it out there. the market today at record highs. >> lovely rally going on. all-time highs for the dow and s&p earlier today. >> this is the 100th record for the dow since donald trump's election. >> loosening regulations the way he did, massive loosening of regulations, cutting the corporate tax rate, cutting some individual taxes. he's unleashed the economy. >> we could have a sizzling rally to the end of the year. >> if the market is worried about a trade war, it sure has a funny way of showing it. >> it defies everything else. >> the u.s. is doing better than protectionism, saber rattling
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with china. this economy is strong. people are doing well. inflation is contained. earnings are growing. it's good. john: all-time highs on wall street. the dow and s&p closing at record highs. the 100th record close under president trump. now we discuss the economic boom, how it shakes out, d.c. confirmation fight and unresolved trade wars. also tonight, the woman accusing supreme court nominee brett kavanaugh of sexual assault is now set to testify after all. her attorney is currently negotiating fair conditions. this after the senate judiciary committee gave her until tomorrow to give them an answer. we will break down the latest. mike pompeo doubling down on john kerry's shadow diplomacy with iran, saying it's time for kerry to quote, get off the stage. we have the sound. thank you for joining us. thank you for watching. money, politics, we've got the debate behind tomorrow's headlines. i'm john layfield in for liz.
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"the evening edit" starts now. ♪ john: it's a party on wall street. americans are making money, our economy fires on all cylinders, the dow finishing at another all-time high, up 251 points, 26,656 today. it's a blue chip index 100th record close under president trump. the s&p also surging to a record high ending at 2,930. u.s. stocks have gained over $9 trillion in value since election day. leading the jump today, american companies apple and amazon. recall just a little over a month ago the iphone maker became the first publicly traded u.s. company to reach a $1 trillion market cap. with amazon also reaching that record valuation shortly after. the markets leading to an increase in total net household
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worth of more than $2 trillion in the second quarter. the number of americans who applied for unemployment benefits fell to a low of 201,000. the labor shortage giving workers more job security. all this despite the swirl of special counsel robert mueller's russia investigation, trade tensions and the supreme court nominee in limbo. fox business' connell mcshane is live with the latest. reporter: boy, it was some day. you went through some of the reasons why the market was up. it's a broad-based rally here on wall street. i know the headline is 100 record closes since election day but it's been awhile for the dow, first since january 26 of this year. today, up 290 plus, at one point closing up 251. 28 of the 30 dow stocks were higher. only chevron and home depot finished lower.
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couple of themes emerging today. one was a rebound in the technology sector which has struggled a bit this month but did not struggle today. micron technology was up in the regular session by 2%. it's up against after hours because in the last hour it reported, the chip maker, better than expected numbers. technology in general, very good today. micron specifically, one of the gainers. in the s&p 500, again, it was a broad-based rally. the s&p made up of 500 stocks. some of the big movers included under armour raised its profit forecast, cutting jobs to get costs under control. adt, the alarm company, teaming up with alexa for more security features. market seems to like that, stock up 6.5%. viacom got an analyst upgrade. every you looked, there was green all over the screen today. you had strong economic numbers, you put that together with some of the strong earnings we've had for quite some time, and the macro picture is just really quite positive. i know people are concerned
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about trade wars. if they are able to shrug that off, people will tell you we are going to be able to get through it no matter how things turn out, or the economy is so strong that we can work our way through it. whatever the case, a lot of green today on wall street. a record day. john: always great to see you. thank you very much. remember how the media reacted about the markets on election night? take a listen. >> the markets around the world are in turmoil at this hour over trump's astonishing victory. >> u.s. stock markets will open, but the global markets were very quick to respond to donald trump's defeat of hillary clinton, sinking in anticipation of a trump presidency. >> global investors had expected and wanted a hillary clinton presidency. they didn't get it. now you will see volatility, guys. john: somebody call an ambulance. lot of crying around the world going on that night. joining me is fox business contributor. liz, i was in europe when this happened and i was flying back.
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there were zombies walking all over the airport. people were in shock. it was like armageddon. >> oh, my god, the forecasts were so dire. paul krugman called for a worldwide recession, if not depression. the world was coming to an end. what do you know. here's the thing. obama can try and take credit for this economy. why we know it is trump's economy is that from that day forward, consumer optimism went through the roof. small business optimism went through the roof. and business managers, ceos, optimism went through the roof. the economy is motored by optimism and the best thing happening in the last several days really was that the michigan sentiment index again hit a new high in september. so what's going to drive the holiday season, what's going to drive hiring and expansion? it's this optimism that things are getting better. you know what, you just have to give the nod to president trump for that. john: you know, the market was flat from november 2014 to november 2016. it was essentially flat.
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corporate earnings were flat. the market fell off a cliff when president trump first got elected but rebounded right away, when people decided to discount the capriciousness of then candidate donald trump with what was going to be a business-friendly or perception of a business-friendly administration, lower taxes, lower regulations and the market's up 8% the next month which had to be attributed to president trump. are people still looking past that same capriciousness from his twitter to his trade policies, some things people might view as being either reckless or bad, compared to what he's done so well and he's done a fantastic job with this economy? >> i think the word is disruptive. the tweets are disruptive but so are some of his policies which have turned out well. the rolling back of regulation that everyone considered sacrosanct like the clean power act has given the business community a wind at its back. the story of how businesses were crushed under the obama white house is yet to be told. people don't realize ceos of big
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companies were fearful of making a decision because they never knew whether some new big regulation was going to be lobbed on top of them which was basically sort of scattering their plans to the four winds. there is no question that people are looking beyond the trade dispute. by the way, some people think this is a worthwhile trade dispute. we talk about china -- john: some people thought the moon landing was fake, too. not discount those folks, conspiracy nuts. >> levelling the playing field is a legitimate cause. stopping the theft of intellectual property is a legitimate thing to do. we should have done it 20 years ago. that's the only mistake that's really been made. and is it sort of a stop/start thing, maybe, but i think it's working out okay. john: you mentioned president obama, taking credit for the economy. he claimed ownership of the u.s. economy recovery just the other week. we have a clip of that right here. >> remember that when you hear these folks bragging about this economic miracle, just remember
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when it started. i mention all this just so when you hear how great the economy's doing right now, let's just remember when this recovery started. john: wages under president obama were his weakest link. it's surging under president trump. he loves to bring out the fact eight of these years of the bull market occurred under president obama which is true. you had a decent economy coming into these tax cuts. it's now to me an academic debate. i don't think it really matters as americans. we're just happy the economy is doing great. who do you think deserves credit? >> i don't think there's any question who deserves credit for the acceleration, and that's president trump. so yes, the larry summers secular stagnation, growth of 1% or 2% being the new normal which is a decent economy, that's okay but completely underplays the strengths of the united states. that's what obama got wrong. i would argue wages wasn't really the thing missing under obama. yes, that was discouraging and it's finally beginning to pick up. it was capital investments. nobody wanted to expand or
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invest because they were so uncertain. that meant we had no increase in productivity which again is beginning to turn around now. you can't have wage growth without productivity. who do i give the credit for right now? trump. the reason it's important, if democrats take over the congress, the house or the senate, they could start rolling back some of the things that have been changed. i think that would be just honestly cataclysmic. john: more than impeachment? >> i think the impeachment thing won't go anywhere because i don't think the democrats will take over the senate and you have to have the senate in there. john: you won't have impeachment -- >> it would be highly disruptive. my gosh, the mueller investigation has been highly disruptive too even so, we have managed to make progress. you know, i don't want to see that happen, but it's really the policy turnaround that i would be more worried about. john: because presidential scandals historically had very little impact on the market. great to see you. thank you very much. remember how the media warned of what a trade war would do to the markets?
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listen. >> the future is looking very grim right now because you know what, trade wars lead to bad things happening. >> dow futures are down sharply as concerns rise over a potential trade war. >> this move is sending u.s. stock futures plunging. >> does the president not understand how a trade deficit works? >> looks like the beginning of what people said was coming, a trade war. >> wilbur ross went on to say he's surprised by market reaction. i would like to make something clear. wilbur ross is lying to the american people. check yourself, mr. navarro. john: you got to hate videotape. in the old days you could say whatever you wanted. i want to go to our market panel. gary b. smith and jonas, i created a felony in tv yesterday, you guys were cut short on your time. i apologize to you both. gary, i want to start with you on this trade war.
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this potential trade war worried me. it does not seem to be worrying the markets. does it worry you at all? >> it does not, and i will say, you can probably go back and find videotape where i was not worried for the simple reason that i think people thought of this as a trade war back in the smoot-hawley days in the '20s but now there are so many work-arounds. first of all, i think we have been saying you got to collect the taxes which is not easy. countries can shift through other countries, avoiding the tariffs. there are so many work-arounds to this. besides, our economy is, what, an $18 trillion economy. even if every tax was collected on the whole amount from china, it's still only .2% of our gdp. i think if people were smart, whenever they heard kind of like the market's going to go down with trump, if they heard the market's going to crash in a trade war, if they had bought,
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they would be a lot better off. john: i want to switch to something that certainly looks like a bubble. $28 million in revenue and just today, down significantly but has a $16 billion valuation. on a $28 million revenue bottom line. are these guys smoking pot before they're buying this stock? this makes zero sense to me. this isn't a bubble, this, does this make any sense to you? >> bubbling like a bong. it is exactly like what happened with alternative energy stocks a few years ago. those were hot, and they all fell 80%, 90%, the ones that didn't go out of business completely. doesn't mean there's not going to be money to be made if weed continues to get legal across more states, federal, whatever. it doesn't matter. the stock is priced like a beer company already which has been in business for 100 years and already makes money. it's also trading like a biotech, which might make money
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from a cancer cure. oh, it's going to cure all these things. it's a joke. i tell you what's the most funny, it just crashed, the whole crypto currency crisis over the last year, down 90%, and now -- do people not -- is it literally they took their losses and started funneling it into weed stocks? they are all out of canada. canadian stocks have always been borderline crooked. that's not where you want to -- john: the whole country is borderline crooked? >> no, they got questionable gold mines and are down 80% to 90%, all the junior miners -- john: you will never be welcome north of the border. you will never go watch curling or moose or drink molson. gary, i want to ask you real quick, tiger woods, 20th going into the fed ex playoffs right now. golf needs this guy. can he win this thing this year? you are a golfer. that's the reason i'm asking you. >> he's been in contention a
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lot. he's knocking on the door. here's the only knock about tiger, though. he's getting to the age where four rounds of physical and more importantly, mental concentration is difficult. this is not the same tiger mind-wise like he was in his 20s. could have probably played eight straight rounds and shot 65. does he have the skills at this point, yes. i would be worried more about the mental. i think physically, he works out like a maniac. but yeah, he can win. i think he will probably get in contention. can he hold it together down the stretch? iffy. john: we just got a call from the canadian prime minister. he's very mad at you right now. >> he's banned. john: travel ban on jonas. guys, thank you both very much. you will both be back later in the show, thank goodness. actresses coming out with a video supporting supreme court nominee brett kavanaugh's accuser, professor christine blasey ford. we will play you the sound.
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first, the tennessee republican mayor getting back in the ring for a runoff in melbourne, australia. we will talk about it. first, the woman accusing supreme court nominee brett kavanaugh of sexual assault may testify after all. her attorney is currently negotiating, quote, fair conditions. the weekly standard executive editor fred barnes reacts after this. ♪ this is the angel oak. some say the oldest living thing east of the mississippi. it's weathered countless storms. battered, but never broken, it stands for the resilience within us all. ♪
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and two-hour appointment windows. click, call or visit a store today. i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. from i'm focused right now is doing everything that we can to make dr. ford comfortable with coming before the committee either in an open session or closed session or a public or a private interview.
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that's four different ways she can choose to come. so i'm not worried about anything other than just focusing for the next few days on encouraging her to come. john: senate judiciary committee chairman chuck grassley giving accuser christine blasey ford until tomorrow morning to say whether she will testify about sexual assault allegations she's made against supreme court nominee brett kavanaugh. ford's attorney now says she's willing to testify if she can negotiate quote, fair terms. in an e-mail to the senate judiciary committee, her attorney writing quote, she wishes to testify, providing that we can agree on terms that are fair and which ensure her safety. a hearing on monday is not possible and the committee's insistence that it occur then is arbitrary in any event. her strong preference continues to be for the senate judiciary committee to allow for a full investigation prior to her testimony. joining me, the weekly standard executive editor, fred barnes. fred, to me, anita hill had the fbi investigate her and had a
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big part of what happened going forward, whether you believe anita hill and clarence thomas got confirmed as a supreme court justice, this is the supreme court of the united states. why would the fbi not do an investigation in this? >> well, what's the crime? you know, they don't -- this is not on their menu of things the fbi is supposed to do. they do sort of background investigations of nominees, kavanaugh being one of them, but you know, it's not what they do. the rules are set here by the committee, the judiciary committee. why in the world she has to negotiate coming and testifying, and there's only one possible reason and that is to take time to stretch it out, because that's been the strategy of democrats the whole time here, to stretch it out so they can't have a vote of confirmation for
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the nominee before the election, the midterm election on november 6th. that's the strategy and look, you can watch on tv and see the committee room of the judiciary committee. you have the senators around in sort of a semi-circle and you have a table in front. what do you need to negotiate? i don't think kavanaugh has to take days out to negotiate coming there. this woman, you know, has been -- this has been -- she's been working on this thing for many, many months, calling friends to see if they had heard rumors about what may or may not have gone on in 1982. this is a very simple disagreement here to explain what's going on in the committee room and that is democrats are trying to delay the whole thing so it will not be voted on before the election.
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john: fred, i would agree with you senator feinstein, it's very suspicious they would wait. they had mr. kavanaugh 32 hours in front of congress. she had this long before where she met with mr. kavanaugh. i don't doubt the democrats are delaying this, but to say dr. ford is, to me, i'm not sure that is fair to say because we don't know her motive. we don't know if this was true. do you think dr. ford is in cahoots with this, making this a political event? >> it seems very obvious to me. look, if she doesn't want what her lawyers are doing, she can say so. she doesn't have to listen to them. she's the client. obviously she's part of this strategy that's been going on the whole time and look, i think chuck grassley, who has done a very good job here, knows now that if you grant them one request, there will be more.
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they want more testimony from other witnesses. well, if you grant them that, well, then they will have other witnesses that will come. this is not hard to figure out. john: fred, with all due respect, i'm not trying to be contentious here, but that assumes that this sexual allegation was made up, and i'm not sure we can make that allegation, if she's using this for political reasons. >> well -- john: if that's your view, that's your view. i just want to make sure that that's not ours here. >> well, we don't know whether she's telling the truth or not, or what happened there. and i don't think we are going to find out any time for sure here, because look, it's kavanaugh's word against hers and we would like to hear her testify. john: when you talk about testify, look, that's what i think everybody wants. i think she deserves due process. judge kavanaugh deserves due process as well equally. but e-mails were sent to judge
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kavanaugh's wife, too bad to read on air. we decided we weren't going to give these air. there were death threats. how in the world do you ever find out the truth in this? at the end of the day, it's he said versus she said. >> i'm afraid it is. i think when you come to these threats on the families of her and kavanaugh, they have to be taken seriously. i mean, there's a great deal of passion, might be political passion but it's very strong passion that surrounds this whole area and this nomination of kavanaugh to the supreme court. you can't just say oh, that's nothing, that's just politics. it's more than that. john: fred barnes, thank you very much for your time, sir. >> you're welcome. john: hollywood stars including eva longoria coming out with a video supporting supreme court nominee brett kavanaugh's accuser. first, secretary of state mike pompeo blasting former obama secretary of state john kerry on meeting with iranian
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secretary kerry can't seem to get off the stage, and you have to, when i'm the former secretary, i will get off. every previous former secretary has done that. it's one thing to meet with your counterpart. it's another thing to do what secretary kerry went. frankly, the whole gang has done it, actively seek to undermine what president trump is trying to achieve. it's okay to talk with them but you have to be working for america, working for american foreign policy, and they're not. stop it, let it go. you had your day. we think you fundamentally got it wrong with iran and are trying to make it right for america. john: secretary of state mike pompeo blasting former obama secretary of state john kerry on meeting with iranian officials saying it's time for him to quote, get off the stage. joining me, american islamic
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forum president. doctor, he mentioned so many things, the logan act, even. what secretary of state john kerry has done here is certainly inappropriate, however, is this an indictable offense? >> i think americans should pay attention. senator rubio was right to call for an investigation into this and i think secretary pompeo, just the fact that he mentioned it should alarm americans. usually secretaries of state, when they see former administrations doing things, they will just ignore it because they are irrelevant. the fact secretary pompeo took the time in an interview yesterday to talk about it means that this is problematic. why? secretary kerry is going to a foreign government, a leading global sponsor of terror whose image of him sitting down with zarif will be used to make us look weak, make president trump look weak. the impact is unfathomable. number one. number two, you have
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revolutionaries on the streets of iran who look at trump and pompeo as finally beginning to effectuate change, to put walls around the radicals in tehran and that will ultimately become unraveled as they say wait it out. the logan act exists for a reason and americans need to ask why would kerry do this. it's not just about him. there's an apparatus under him which involves the islamist global lobby, including the national iranian american council and others. there is some big investigations i think that need to be done. john: you mentioned senator marco rubio. recently he asked the doj to probe john kerry's meeting with iran. you mentioned the logan act. listen to what senator rubio had to say. >> what it says in the logan act is as a u.s. sit serncitizen wie authority of the u.s. government is talking to a foreign government with the intent of influencing the conduct of that government or with intent to defeat a measure of the u.s. government, the logan act makes that illegal. now, we know for a fact, for
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example, and kerry said he talked to the foreign minister of iran three or four times. we have seen reporting he's been calling foreign heads of state and we have seen reporting that he has been talking to foreign heads of state and telling them to wait trump out when it comes to the iran deal. john: doctor, in fairness, the logan act has been questioned whether it was even constitutional. last time it was used was 1852. no one has ever been convicted under it. president nixon in 1968 apparently violated it when he threw a monkey wrench into the peace process in vietnam but it was never used. what do you think needs to happen here with senator john kerry? >> well, i think parts of the logan act make sense and they are rational because we would have chaos if, as president obama famously said, elections have consequences. so if elections have consequences, how can we effectuate an effective foreign policy if previous administrations are going to go around the world and say oh, wait it out, this is irrelevant
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and you end up making us the least influential government in the world rather than the most influential. therefore, moving forward, we need to actually, because this is going to happen not only now, but could happen in future administrations if we don't make secretary kerry, former secretary kerry, an example of what happens to those who don't respect the current administration, as secretary pompeo said. he's going to sit it out, sit on the sidelines in the future when he becomes a former secretary of state. as a former naval officer, i don't want my commander in chief made weak by a former administration who has political axes to grind who haven't availed themselves of all the administration the current administration has had since being elected over a year and a half ago. john: incredible times. thank you very much for your time, sir. >> thanks. appreciate it. john: wwe superstar kane is getting back in the ring. it's a one-off in melbourne, australia. glenn jacobs is here to talk
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about his first few days in office. first, hollywood stars including julianne moore and eva longoria coming out with a video supporting brett kavanaugh's accuser christine blasey ford. my panel reacts after this. enough, t bad now your insurance won't replace it outright because of depreciation. if your insurance won't replace your car, what good is it? you'd be better off just taking your money and throwing it right into the harbor. i'm gonna regret that. with new car replacement, if your brand new car gets totaled, liberty mutual will pay the entire value plus depreciation. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪
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determine whether supreme court nominee brett kavanaugh -- >> brett kavanaugh -- >> brett kavanaugh -- >> should serve as a supreme court justice -- >> supreme court justice -- >> this context is critical. >> the behavior you described was wrong. >> wrong. >> wrong, and runs directly counter to upholding the law. >> he should not be confirmed. >> he should not be confirmed. >> he should not be confirmed. >> hollywood stars including julianne moore, gabrielle union, eva longoria and more speaking out in support of nominee brett kavanaugh's accuser, christine blasey ford. this as dr. ford's lawyer telling the senate judiciary committee professor ford is open to negotiations on testifying next week. joining me, trump 2020 campaign advisory board member and democratic strategist. al, i want to start with you. everybody is taking sides here and nobody -- as far as i know, no one knows the truth except for those two and maybe one other person that was in the
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room. we don't know if this happened or didn't happen. how in the world does the right thing happen here when people are drawing lines and no one knows exactly the veracity of these claims? >> i'm glad you said that. because the ad you just played does prejudge and i think people on both sides are probably prejudging this. what needs to happen is we need to have a fair and open process where dr. ford can give her say, where judge kavanaugh can give his say, and perhaps other relevant witnesses can have theirs, and the committee can make a decision. what we need is fairness, openness and an ability for dr. ford to testify without fearing that the republican members in particular have prejudged what she has to say. john: jessie, i -- i'm sorry, madison, forgive me. i'm sorry. i can't read my own teleprompter. madison, it seems to me both parties need to be heard here. both parties need to have their say and both parties need to have due process. clarence thomas was approved by a 52-48 margin, the lowest of the last century as far as
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supreme court justice. this could be 51-49. are people really that partisan? is this not what is so screwed up about our country that we are drawing lines whether we are going to believe this accuser or believe mr. kavanaugh based upon political affiliations? >> you know, it's really sad to see that people have become that partisan and no one's really sitting back and using common sense to look at the facts here. what's very frustrating to me is when we look at the center point of our judicial system, innocent until proven guilty, that's not what is happening here. that's what's been frustrating me. we cannot afford to give away rights in this country as men or as women. the way i see this, men are under attack right now. they are being treated as if they are guilty until proven innocent. that's how many have treated judge kavanaugh, future justice kavanaugh, i anticipate, an i don't think this is okay. we need to step back and realize innocent until proven guilty. she absolutely should be able to speak up and talk about her alleged incident but i don't think we should automatically assume she's right as many
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celebrities did in the video. john: people are speaking out on both sides and no one knows the facts here. it's one of the things, this is the supreme court of the united states of america. this is a big deal. hopefully this gets solved next week. thank you for your time. >> great to be with you. john: moving on to the business world, the battle zone, comcast and 21st century fox set to settle a 21-month, $35 billion sale price for sky in weekend auction. susan li has the latest. >> three rounds of bidding in a highly unusual move by the uk regulators but hey, let's get this solved and we should know by saturday who has won the bid for uk's sky broadcasting. the first round, fox bids first, comcast counter bids and third round, sealed envelope bid from comcast and fox to see who wins the rights to sky broadcasting. so far we have comcast topping a fox bid at least for now, although that is expected to go higher over the weekend. we have comcast putting in a higher offer, $19.52 so far in
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the markets and we do have fox bidding at $18.53 but the stock is trading above that, close to $21. that tells you the market is anticipating a higher bid from both. how high it will go, i guess we will know in the next three days or so. fox wants the rest of sky it doesn't already own. comcast wants an international footprint. let's also talk about the world of banking. just a few hours ago we heard from wells fargo, the third largest bank in the u.s., and they have announced, in fact, confirming they will cut their jobs, employment, by 5% to 10% over the next three years so wells fargo employs 250,000 plus across the country. you do the math. wells fargo trying to come back from a lot of scandals including the fake account scandal in 2016 which cost then chairman and ceo his job. also, they were fined $1 billion by the consumer financial protection agency for auto loans, also mortgages as well, and federal reserve, as i need to tell you, this year took the
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unprecedented step of stopping wells fargo from growing their balance sheet any further. back to you. john: thank you, susan. an investigation into the dallas mavericks confirming allegations of widespread sexual harassment. we have the details. first, wwe superstar kane is getting back in the ring. knox county mayor glenn jacobs joins us next to talk about it all.
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john: wwe superstar turned tennessee mayor is getting back in the ring for a one-off in melbourne, australia. glen jacobs will appear as kane in a wwe showdown pay per view event in australia. he will donate also $100,000 to the public safety foundation of knoxville in support of what glen is doing there. joining me is knox county, tennessee mayor and wwe superstar, glen jacobs. lot of people don't know that you are a very successful businessman along with your
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wrestling career, so when you got into politics, it was a natural migration. what did you do the first day in office? >> first day, i actually looked around and said oh, what do i do now, right? but even before leading up to the first day, the most important thing a ceo can do is to have a good team around him. we have been looking for people, you know, put in certain places, making sure the staff was complete and the team was complete to hit the ground running. that's what we have been trying to do ever since. john: you are fighting the opioid crisis and childhood literacy, but also you mentioned about the fourth industrial revolution. would you explain that, explain how knox county is positioning itself for that? >> well, the fourth industrial revolution is just an idea that we are now in literally the fourth industrial revolution. the first one was in the early 1800s, the second was the internal combustion engine. move on to the digital revolution, and then now, we are post this revolution where we
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have big data, artificial intelligence, advanced materials, robotics, automation, all these things coming together to change our world over the next decade. knox county is uniquely positioned because we have the oak ridge national laboratory and university of tennessee, two world class research and development institutions, and they are right here in our backyard. i think that we can take advantage of that to get on to the leading edge of what's going to be a changing economic world and industrial world moving forward. john: because of the topography of knox county, you're not suitable for traditional manufacturing but you are suitable which is actually good for you guys, for advanced manufacturing, right? >> exactly. we don't have a thousand flat acres where we can have a big automotive plant or something like that. what we do have, we have lots of space where we can bring in a smaller footprint, research and development headquarters, things like that, and hopefully the surrounding areas can benefit from the big industrial plants that these would naturally spin
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off. john: there's been a lot of people, governor ventura refereed a match at summer slam. arnold schwarzenegger appeared, president trump before he was president, appeared at wwe event in detroit and linda mcmahon, small business administration. you won basically every title in wwe including at one point beating me and my tag team partner for the tag team championship which is still under protest by me. you are making an appearance at this massive melbourne event which is going to be october 6th with your wwe brother, the undertaker. 70,000 plus people is what that stadium holds down there. tell me about that event. >> i think it's going to be a great event. super showdown in sydney, australia, we're looking forward to it, actually. john: tell me a little about what you're doing with the opioid crisis and childhood literacy. you have some events coming up that are specifically focused -- you're not suffering any worse than the rest of the nation but are certainly suffering along
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with the nation, right? >> sure. with the opioid epidemic, last week, knox county released its opioid, its drug-related death report and unfortunately, we have seen year over year, overdose deaths that can be attributed to drug use up over 40%. this is a crisis all across the country, of course. i'm very proud that on october 18th, i will be joined by knoxville city's mayor and we are going to have a summit where we will try to bring people who normally aren't at the table in these discussions together to talk about things that we can do to come up with an action plan and hopefully actionable items and things they can do, because this is something the entire community has to confront. the government can't do it alone, especially i'm interested in working with the faith community to do this. whether you look at early childhood literacy, this affects the entire u.s. our schools do a great job but still, only 38% of our kids are
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reading at grade level by third grade which is when children read to learn. part of it is over the summertime, we see a drop-off in reading. we have a great program here started by dolly parton which sends books out to kids through the knox county library system. they sent out something along the lines of 2.6 million books over the past 13 years. that's a great program. we are looking forward to working with schools, libraries and some other people you wouldn't think traditionally would be involved in an effort like this to promote early childhood literacy. john: you are doing a great job. guys like you need to be in politics. they have written for me to call you your honor. we are long-time friends, 20 plus years, but i'm so proud of you, i will say it. thank you, your honor. great talking to you. doing a wonderful job.
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john: a new report saying controversial ads featuring colin kaepernick, nike sold 62% more merchandise. the to be is up nearly 7% since the drop. the money guys are back with me. nike, did they do the right thing with colin kaepernick? everybody thought the messenger would hurt the message. >> two word. brilliant marketing. they nailed their target audience. i'm not a kaepernick fan. but brilliant by nike. john: is it any press is good
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press or they touched on an american nerve. >> i don't think advertising itself that could lead to sales. it's the coverage of the marketing. john: nike wants to sell more stuff. just put gary bee and i'll buy more golf balls. >> they are out of the equipment arena. >> thanks for joining me. we'll be right back. products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured
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john: president trump currently on his way to las vegas, nevada where he will give a speech for veterans affairs before heading
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to bedminster for the weekend. thank you for watching. charles payne, my friend, is here with "making money." charles: good evening, everyone. i don't know if you were under a rock today. the dow and s & p soaring to all-time highs. the dow make its 23 record close since election day. $17 trillion since election day. jobless claims fell to 201,000. that's the lowest level since november 15, 1969. that was my 7th birthday. president trump weighing in on today's huge economic data tweeting financial

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