tv After the Bell FOX Business October 12, 2018 4:00pm-5:00pm EDT
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liz: we'll put his picks on facebook.com/lizclaman facebook page. [closing bell rings] howard marx what to do during the wild ride. he is owner of 120 billion-dollar oak tree. david: back to the green. you lose or gain 100 points depending what minute. melissa: seriously close it, fast. done! david: i think a lot of traders are thanking goodness it is 4:00. stocks bouncing back following two days of steep declines. roller coaster session for the dow, opening strong. in the middle of the day it fell slightly into the red. that was a scary point. in the last hour of trading, just about two minutes ago it was up 380 points. melissa: right. david: coming down again but not losing it all, far from that. down to 279 points. s&p 500 closing up more than 1%. tech-heavy nasdaq rebounding
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nicely, heading up more than 2% for the day. glad to have you with us. i'm david asman. melissa: i'm melissa francis this is "after the bell." go straight to deirdre bolton on the floor of the new york stock exchange. deirdre we were down for a second and we lost that last 100 points. >> is true. we did lose, but you know what? closing in the green, conversation down here, this is what traders wanted to see. green on the screen, for dow, s&p 500 and nasdaq, still one of the worst weeks this year. worst week in seven months. take you through some. stocks. we talked about machinessals and they kicked off earnings season. citigroup, jpmorgan chase, wells fargo reporting earlier this morning. they started a little stronger out of the gate. ended up a mixed picture, no way to say it. even jpmorgan chase which exceeded forecasts on top and bottom line finishing the day down 1%. one. key metrics a lot of traders and
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and lifts focused on, there was a comment in the earnings release said some of their earnings would be, putting it in quotes, came from their release. markets dependent. i think that gave some investors pause on jpm. ford i have to point out for the day, the week and the year, ford down 2% today, 5% for the week. almost 30% for the year, citing concerns on u.s.-china trade tiff. back to you, melissa. melissa: deirdre, thank you. david: we'll bring in today's panel. lindsey bell, with cfra, jonas max ferris, founder of maxfund.com, fox news contributor, jack otter from "barron's" magazine and our own cries -- kristina partsinevelos. that is positive sign we hold stock, that is positive sign we didn't go negative, not kind of 500, 600-point rally people were
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hoping for. >> no, but i don't think we expected a drastic increase either. a lot of excess air coming out of the market. tech being the perfect example for this. yesterday you saw a downward trend. big picture, 2% drop on dow and s&p 500. nasdaq one 1/4% drop. i do want to focus on one area. i'm hot sure if we can pull it up, etfs. passive investors want to talk etfs. if you look at etfs, broad-based etfs versus bond eetfs a lot of bond money move i away from those etfs to the bond etfs. a move to fixed income. we'll pull it up. >> it happened about a day ago we saw the cross with far more people were buying bonds. today it looks as though, i will go to jonas, looks as though the bond yield came down just enough so a lot of people were thinking, gee, that bond yield
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is attractive, maybe i sell my stocks, looks like there is kind of an equal leeb bream between the bondholders and stockholders. at least the appetite for bonds as opposed to stocks, right? >> that move back down off like 3.25% on the 10-year government bond which was largely the result of inflows from bonds, etfs, which own a lot of government bonds, corporate bonds that changed trajectory. that is was scaring investors. that is why stocks turned around. if in rates kept going up-and-coming out of bond it would come out of stocks even faster, it would be a really bad end of the week. buying the dip gold look at recovery. if rates stable 3.25. you will see bottom-fishing, bargain of tech stocks two months ago but support is building. people are concerned that interest rates, mortgages in particular will get really expensive.
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david: jack otter, a lot of people are saying this is the beginning of great unwinding of central banks. central banks bought up and put so much in their portfolios around the world, everybody was afraid when they finally got around to unwinding those portfolios something bad would happen, is that what is happening? >> yes indeed. i would go back even farther than that no question i agree 100%, this could be the end of easy money, i would go back farther about 35 years, this could be the end of the great bull market in bonds. the dynamic you guys were just talking about is particularly interesting, what you're saying is, if money should flow back into bonds, whether it is safety play or not, that that would buoy stocks. that is a dynamic we've seen last 15 years or so where falling yields, otherwise rising bond prices coincided with rising stocks prices but it isn't always that way. go back to earlier periods, you've seen decades when it
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moved the other way. so that bonds and stocks actually would fall together. and we could be entering that sort of a cycle, especially because rather than deflation being the concern, now some eyes are turning into inflation. melissa: the pulse of america overall consumer sentiment falling slightly in october from the previous month according to the university of michigan index but confidence in u.s. economic policy is hitting a 15-year high. lindsay, let me start with you. sometimes when i look at these surveys i guess ever since the last election i'm always a little suspicious when they're out there. consumer sentiment, they polled 500 consumers. who are the 500 consumers i'm wondering? david: not me. >> i mean i can understand your suspicion but consumer sentiment has been strong for quite some time from various indicators and it was great to see that the consumers are really confident in the economic policy that that we have in place. if you dug into the underlying
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details the democratic side of the equation is increasing their confidence in the economic policies, while still not at the heights of the republican side, good to see going into the midterm election you have people confident about the economic policies that we do see here. melissa: kristina, i think that is particularly interesting given one of the things that is the biggest topics is the tariff and tariff war and that shook some confidence that may have been there before. >> oh, definitely, i think it will continue to do so. we'll see earnings grow, start to shrink. earnings will be strong but tariffs will have an effect. what do i mean? you have a tax on literally 50% of the chinese goods entering into the united states, with potentially more to come. we're not seeing it reflected just yet. guidance for a lot of earnings reports for next little while will be so important. jpmorgan, look at that. it was a good revenue profit bit but yet finished down today.
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melissa: jonas, although there is light at the end of the tunnel. they were able to do a deal with mexico and canada. i know china is really the tough one but mexico is the one we're having little verbal spat with. it seems like that gives you some hint things could work out in the tariff war? >> i don't think the tariff war is why the market is crashing. i think that was, could be a straw that breaks the camel's back when you have jittery investors but the core issue was interest rates. a lot of corporations got tax cuts bigger than if they paid the tariff. obviously not everybody, some more than others et cetera, but weight of whole economy tariff war which has not spread to all countries. as you said we're going in the right direction with mexico and canada is not going to unseat the economy. getting back to the consumer thing, unfortunately a strong economy is what you have before a crash and bear market. you don't know -- last time consumer confidence was really
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high in '07 before that crash. 2000 it was sky-high. consumers are very confident before the bottom falls out of the market. i'm not saying it is negative to have a strong economy. 95% of the time strong economy is great to have, buy on the dips. melissa: hard to focus on what you're saying with a beautiful boat in the background going by. we're jealous. >> bond interest rates go too high. david: sold all his stocks a week ago. all the market moves this week as president trump leaves for rally tonight in ohio, another one. edward lawrence is live at the white house with more from the president. bottom line even his detractors can't deny the fact there has been no president in my lifetime with the energy of this guy. every day is going off on another trip. reporter: energy and the growth that we're seeing here in the u.s. the president right now in the air on his way to cincinnati. he will have a number of campaign events as you mentioned in cincinnati, ohio. economic advisor larry kudlow says there is no panic at
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white house in the last couple days of the market. they believe this is a normal market correction in a bull market. one of the reasons there might be some of this correction going on is the trade issues that popped up. the g20 summit in argentina next month, kudlow confirms that the white house is working to get a bilateral agreement, a bilateral meeting between president donald trump and xi xinping of china. >> i just would hope that president xi would show greater appreciates for the asks that president trump has been making with regard to closed markets, with regard to i.p. theft, with regard to forced transfer of technology. >> kudlow adding that the u.s. has been very specific about what they want to change inside of china to make this trade deal work out. now my sources have been telling me this is going to be a longer trade dispute with china, something that kudlow alluded to.
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>> there are structural issues, technology issues. we'll not give away the family jewels. there is no reciprocity entreing and tariffs. there is a whole menu of things. i hope they get around to talking about it. perhaps the chinese will be a little more cooperative. reporter: kudlow also clarifying the president's comments that the fed was growing crazy. he said yes, the president is upset about the rate hikes but he is not trying to tell the fed how to do monetary policy. david: edward, thank you very much. melissa. melissa: the panel is back with us. jack what is your take on that? >> a lot to chew on there. first of all i would agree mexico and canada are not big issues what is going on in the market. not even china. it is 90% the interest rates. it might be 10% china. i think everyone, the market had some confidence that the canada mexico thing would work out. i don't see obvious endgame to the chinese issue. melissa: really? >> what larry kudlow was saying
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he made excellent points, everyone of those is very important but we're talking about a very large dictatorship that doesn't want to lose face. saving face might be the most important thing to china right now. melissa: i don't know. lindsey, having food, having money, keeping control of your population is important to china? i mean i think these are some. things they lose a grip on as they go into an economic downturn. >> yeah, exactly. i mean that is why you're seeing them take measures to help maintain control. they are releasing the re-- reducing their reserve requirements, making all these different changes. they have become much more stimulative. that will be important. you know what? when we get third quarter earnings here, we just kicked off the season today, you will hear a lot more from companies here in the u.s. how this trade tariff spat is really impacting them at home. melissa: without question, but kristina, one of the problems, china had their way for a very long time. they will not give it up easily.
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they have been in the driver's seat of all trade agreements but dealing with people with shorter term time horizon in terms of goals they were after in previous presidents and previous administration. so they will not buckle easily. did anyone think this was going to be quick? >> no i completely agree to you. they have a president with no end to his term. latest numbers for month of september in china they exported a record amount. right now still there is a trade surplus with the united states. that will be a contentious issue for sure at the g20 summit. china, the markets may be down but the economy has a lot more room to push and fight back against the united states. so i don't think this will be something that happens overnight. definitely not something that will end before midterms. melissa: yeah. joan news, let me ask you, when you entered into a negotiation that was really meaningful on the job front or a deal, there is always massive rick, isn't there? have you ever jumped into one that worthwhile that didn't have a lot of risk? >> no.
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you know, if the risk is maybe an economic slowdown to be able to do deals in the future with the country, not put spying chips in our computers i think it's a risk a lot americans are willing to take for the long-term good of the global economy. it would be good if we just had free trade with everybody, that would be better than those tariff wars. even with semipermanent tariffs with country like china which could be the direction we're going in would not necessarily cause global tariffs. they hit decades low stock markets. so does russia, they still want to keep the money strong so people like the leaders. we have a lot of strength as well we have to constantly worry about mild economic pull backs what it does to elections every couple years here. they don't have the problem. there they need us as a market some ways more than we do. these are things you're trying to fix. so far i don't think this is the main concern of investors. doesn't mean it can't spiral out
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of control, go to other countries, right now this is not the main drag. melissa: i love all your points. we'll end it there. thanks to the whole panel. david: by the way, you know why she is so good? got four people in two minutes to make substantive comments about a problem. melissa: you are buttering me up because you're leaving me. david: don't want to do it but it has to be done. the commander-in-chief is not backing down on his attacks. is the president right? is the fed making a big mistake? you know who knows? steve forbes knows. he is here to respond. melissa: plus prayers answered. turkey ordering the release of andrew brunson, the american pastor who was detained in the country two years. the latest on his condition and when he is expected to be back on u.s. soil. david: that is great news. absolute devastation in florida panhandle. families finding their homes and neighborhoods completely destroyed. we're live on the ground with
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>> the problem in my opinion is treasurys and the fed. the fed is going loco and there's no reason for them to do it and i'm not happy about it. i think the fed is making a mistake. they're so tight. i think the fed has gone crazy. i'm paying interest at a high rate because of our fed and i'd like our fed not to be soing a agressive because i think they're making a big mistake it is a correction i think caused by the federal reserve with interest rates. i think the fed is out of control. i think what they're doing is wrong. david: a little pattern there,
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don't you think? president trump not holding back on fiery comments that shocked the market or the suggestion there would be more. steve forbes, chairman of forbes media. steve, you've been a critic of the fed as well but talk about the idea of a president publicly and so proudly claiming his dislike what he is doing? >> with this president it would be remarkable if he didn't. he criticized everything else why not stop at the fed? the fed is not official branch of congress, it's a brand of congress. if he wants comfort, harry truman in the '40s had a huge fight and had to have a treaty to solve it. david: do you think the fed is responsible for what we saw in the markets this week? >> no. the interest rates were signaled for this year and next year. the market priced those in, what
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did it, to be blunt about it, vice president pence made a speech on thursday, markets start to pick up on friday, this dispute with china is very serious across the board. so the markets realized resolving these trade disputes may take longer, may be more difficult than anticipated. so the market is pricing that in. the markets didn't believe we would eventually reach an agreement with china, would you see this week looking like pattycake. david: there is a price to pay what we were talking about last time, unwinding the portfolio, all the central banks, not only fed built up, trillions and trillions of dollars of assets that the central banks bought up during the recession, now they're unwinding them. doesn't that have something to do with what is happening now? >> not really. it's a huge market out there. literally trillions of dollars. so the fed is spitting it out at very low rate. as a matter of fact i wish they would do it faster, get that bloated portfolio down instead of a nearly 4 trillion. so, but the key thing is
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uncertainty about trade. and trade picture looks better next week. we'll look and see if the markets come back very quickly. david: you have a much bigger picture what should be done with regard to monetary policy. you would get rid of the fed, essentially go to a currency board and use gold as our standard for currencies not only the u.s. dollar but currencies all over the globe, right? >> you start with the dollar. gold doesn't mean use it as money. use it like a measure, like a clock telling time or scale measuring weight. so a gold standard makes sure that a dollar stays stable in value. that way you get much more investment for the future when people know you will not have currency fluctuations. nations have stable currencies always do better than those who have unstable currencies. in the past 15 years we had unstable dollar. we've seen the results of it. gold doesn't restrict the size of economy. just means like a clock, 60 minutes in an hour, we have
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stable economy. worked 180 years with alexander hamilton. donald trump said things in the past about a gold standard. david: he paints all his furniture gold. he likes the color. >> he is one person that might do it go against the should shih of the economics profession. he is one guy that might do it. david: steve forbes, thank you very much. melissa. melissa: returning to u.s. soil, an american passes store held prisoner in turkey for two years is on his way home. we're live in turkey with the details next. why bother mastering something?
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checkup before flying back to the u.s. fox news correspondent benjamin hall is in turkey with the latest. reporter: this is the end of two year nightmare for pastor brunson much of it spent in a turkish jail but last two months on house arrest. this is particularly victory for trump administration particularly for foreign policy. pastor brunson arrived in a secure convoy. the trial lasted four hours. throughout that information was dripped out. first the prosecutor recommended that his house arrest be lifted. next, his travel ban was lifted. and then the judge announced he was free, clearing the way for his return to the u.s. president trump has always pushed very hard for brunson's release, often in person at very highest levels of government. it was because of sanctions and major tariffs imposed by the president and crucially the threat of more sanctions and tariffs that turkey finally conceded. today the president tweeted, pastor brunson just released. will be home soon.
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bruns son was convicted of terror-related charges but that sentence was commuted to time served. he faced 35 years in jail for espionage and terror offenses which were connected to the failed 2016 coup in turkey but people who knew pastor brunson told us that the charges were ridiculous. he was a pillar of the community here. he was a quiet man who led his congregation faithfully and also loved turkey. when asked to speak in court today he said i'm innocent, i love turkey. please release me. as you said he recently board ad flight to germany where he will have a medical checkup. from there he flies on straight away to joint base andrews. this is opportunity for turkey and the u.s. to put aside past difference and hopefully warm the relationship. melissa: wow, benjamin hall, thank you for that. >> payoff for the trump administration. they turned the screws on turkey. it paid off. melissa: shown it's a priority to get people back.
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this isn't the first time we've seen this. wasn't like that with the past administration no matter how you dispute. david: each american life is important. carving a path of destruction across five states. the death toll continues to rise after the hurricane michael. it leave as million people without power. the story on recovery efforts up next. ♪ rs rs to examine investment opportunities firsthand. like e-commerce spurring cardboard demand. the pursuit of allergy-free peanuts. and mobile payment reaching new markets. this is strategic investing. because your investments deserve the full story. t.rowe price. invest with confidence. i'm ray and i quit smoking with chantix. i tried cold turkey, i tried the patch.
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david: 11 people are now confirmed dead after hurricane michael devastated the florida panhandle. president trump announcing plans to visit the hardest hit areas, tweeting out, people have no idea how hurricane michael hit the great state of georgia. i will visit florida and georgia early next week. we're working hard on every area and every state that was hit, we are with you. connell mcshane on the ground in panama city, florida. the devastation, particularly when you see the air shots, connell, are just awful. reporter: it's really unbelievable, david. we spent time in some of the hardest hit areas further. to the president's right about georgia, he is right. we drove through southwest georgia yesterday. there are areas absolutely devastated. when you get down to this area, you see what people are dealing with. quite frankly it is worse than that most the problems what to do next. how do you get the water in? how do you get supplies in?
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how do you get gas? we're at a gas station. pumps decimated by the storm. who knows when they will be back up and running. the convenience store, chester's has a big sign, you make it out in the wood. they don't have lights or power. owners came down. putting a round number on prices. this cost two dollars, whatever it is they can get rid of to help people, what have you. in terms of devastation, if you go across the bridge to panama city, and panama city beach to our west, you might say this was a tough storm but we made it through. for example that is where we stayed last night. there are some areas that have power. once you come here, move to the east, it gets progressive i worse. when i say worst, you start bad. roofs are knocked off homes. trees are down. you move past tyndall air force base, certainly when you get into mexico beach where we spent time yesterday, it is absolute and total destruction. homes that were there are not there anymore. that is obviously priority a getting supplies in to those
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people. we were at a red cross shelter earlier today, their issue they don't have power, they don't have internet and they still don't have supplies. we've seen them on the road, fema trucks coming in with cases and cases of water. they're getting to some locations, gas stations, what have you, sometimes churches. they're starting to hand out supplies. it's a process that takes time, david. gulf power gave us an update on the power situation. they have 4,000 people working on it. 1000 power poles delivered. 800 more delivered today. they're making some progress but it will take a long time to get this area back on its feet again. david: thank you very much, connell. melissa. melissa: he was talking about it. jeff rogers, gulf power communications branch manager. i know you have your hands full. we appreciate you talking to us. can you give us perspective. some places are quick and some places very slow to get power
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back. are there spots you think couldn't have power for months? >> when you hear people talk about the storm unprecedented, and that's for sure, it will be weeks in some areas of the hardest hit areas. it will be weeks. we want our customers to know it is an unprecedented storm, so we'll see an unprecedented response by our crews. already nearly 4500 on the ground, they will work 24/7 until every last person who can take power will have power restored. melissa: tell me about damage done to your equipment. obviously we heard i think you have 4,000 people in the area. that you're delivering 1000 poles. you have 800 more coming tomorrow. is it about downed polls or is there more serious damage underground? what can you tell us? >> there is widespread outage to almost all the infrastructure. we've been inspecting our substations as well. most of those are in fairly decent shape. almost finished inspections of
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those. we inspect the transmission lines which brings power from the plants to the substation and the distribution from the substation to the homes and businesses. all the while repairing. it is a comprehensive restoration plan. a lot of moving pieces and parts. you mentioned all the materials have to be evaluated and shipped down there and put in place so we can start responding and restoring. melissa: do you know if you have, sort of like the end of the branches. when you talk about the substations or power generation, you know that spreads out to many, many different people. do you know if you have damage at that level? >> yes. there is a lot of damage at the transmission level. we have transmission towers down. there is transmission lines down. it is widespread and, i mean, this is something that is going to change the lives of people there forever, you know. our own employees that are in panama city, our hearts are broken for our customers and teammates living in that area. this type of a storm changes
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lives. melissa: yeah. >> we'll be restoring power. we also want to be there to restore hope to the communities to bring things back to normal for them. melissa: what would you say to people who evacuated are not there, looking at the damage right now? would you tell them to stay where they are for a little while and let you guys do your work? what would you like everyone to do? >> that would be best. give us time. we'll know more as each day goes by. we'll get more restored already. in 24 hours, we had 3,000 boots on the ground that started. now we have 4500 down. there we have 4,000 restored on panama city beach. we're getting chunks taken care of. it will be herculean effort to get this done. melissa: people get very impatient. they want to get back to their hopes. one thing they ask us, do you have any idea what we get power back in our area. how would you tell people, what is the best way for you to communicate with them? how would you like for them to figure out when they will get
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power back? >> we'll be hopefully give more details information about certain areas and how long that will take over the next couple days. i would say, wait to hear from us. we have multiple communication channels open for our customers. my gulf power.com website is in storm mode with all kinds of information. certainly social media with facebook and twitter, we're pushing out new information. almost every minute there is new information going out there. we'll have more detailed information about more defined specific areas and how long it will take to restore those areas. melissa: jeff rogers, hope you come back, so we help you get the word out further. thank you for coming on. >> thank you. melissa: our thoughts and prayers with you guys. stay strong. david: what a task, herculean task. meanwhile president trump will no doubt talk about the hurricane. he is due to arrive just about any moment now in cincinnati. he will talk about pastor brunson being released in turkey. at the time he left on this trip
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wheels weren't up yet on the plane that would carry brunson off of, off of turkey into the air to germany which is the first stop. then he will come home to the united states. but the president no doubt will have word of his departure from turkey and will say something about that. meanwhile growing tensions between the u.s. and saudi arabia. there is another foreign problem that we have. new reaction following the disappearance of a "washington post" columnist in turkey. the details of that are coming next. ♪
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melissa: economic ties between the u.s. and saudi arabia under pressure right now. turkey saying it has recordings proving that saudi arabia killed "washington post" column it jamal khashoggi in their consulate in istanbul. rich edson at the state department. the latest on this one. quite a dicey story, rich. reporter: it really is, melissa. there are congress and a number
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of senators are pushing to cancel arms sales to saudi arabia though the president is pushing back on that notion. this is at a time when you have the ambassador to the united states from saudi arabia, he is returned to saudi arabia. the administration said it didn't ask him to go, he said when you come back we would like to know more information about this and about the disappearance of jammal khashoggi who was there last week in their consulate in istanbul. prince khalid bin salman is ambassador. his brother is mohammed bin salman. they're waiting on investigation into the disappearance of khashoggi. turkish media reported that saudi assassins killed khashoggi after he arrived last week in the saudi consulate in istanbul. there is bipartisan group of u.s. senators called an investigation. if the investigation determines who is responsible. they want sanctions. the state department meanwhile said that's premature.
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>> this is entirely a hypothetical situation at this point. we don't know what happened. we don't have the facts of the case. we want to learn what happened. the president has said that. the secretary of state has said that. ambassador bolton said that as well. so let's not get ahead of ourselves. understandably, it is understandable that congress and others are concerned but let's not get ahead of ourselves. reporter: about those arms sales the president says $110 billion, they're getting ahead of themselves by calling for a stop to that. back to you. melissa: rich, thank you. david: rocky road to the midterms. why the results from the past could be a warning sign for republicans. that is coming next. ♪ to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions
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melissa: we are watching for breaking news right now. we are awaiting possible comments from president trump following the release of american pastor andrew brunson. we understand now has left turkey on his way to germany the president will be landing in cincinnati soon before air force one. we're expecting him to make comments on the way out about this. so we will keep tuned to those. we'll bring them soon as it happened. david: what a relief for that guy. the economy and balance of power in d.c., republicans desperately trying to break the general rule that the president's party does poorly in midterm elections especially during the president's first term but the market downturn just made their job harder. here is brad blakeman, former staffer for president gw bush. you have to admit, kavanaugh you had on your side. you thought that was boosting republican chances for the midterms. if the market trouble that we had this week continues into next week and all the way to the
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election that will make it tough for republicans. >> it certainly will because people tend to vote with their pocketbooks. and we have an up hill battle, history as you pointed out is against us. not since the civil war, typically the party that controls the white house loses about 33 how seats and two senate seats. we can't afford that. if we did lose that amount we would lose the majority. the economy, the economy, the economy what we have to focus on -- david: having said all that, some democrats saying it will be like 2010 was for democrats. i don't see it anywhere near there, in 2010 the democrats lost net, lost 64 seats in the house. the house became republican after having been democrat for a couple of terms. so, that kind of reversal, particularly when you look at senate race this is year, which clearly seem to favor republicans right now, 2010 doesn't seem to be on the horizon, does it?
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>> no, it doesn't. for the exact point you pointed out the math is not the same as it was in 2010. now in the house republicans are defending 240 seats. but in the senate democrats are defending 26 seats. no, i think we'll keep the senate. we'll barely hold on to a majority in the house. david: the other thing very different between now and 2010, the tea party is very different in quality and the way it is seen by american voters than the so-called resistance or resist trump, whatever you want to call it movement, that is going on right now. that leads us to statements that were made this week by eric holder, by hillary clinton, saying that you know, the only person i'm civil to are people who have my views. i mean that's not the same as what the tea party movement was about that did draw a lot of voters toward night 100% right. the tea party was more policy-driven.
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what we're seeing now out of democrats is resistance. not enough to be against something, you have to stand for something. it started the day after the election for donald trump and it continues today. but i think it is for naught. they tried to get rid of brett kavanaugh. didn't work. so they're, if anything i think their party is demoralized. plus you have the fact they're in an identity crisis. are they socialist democrats? traditionalist democrats? what are they? they don't even know. david: in 2010, i don't want to make too many parallels because times have changed. it wasn't just about the economy, about the whole pc culture that we're still in the midst of but that a lot of americans rejected, resented really and of course, that had a lot to do with why donald trump, despite some of the problems he had, the obvious problems, he was so much against pc culture and americans went with that. here is president trump by the way, arriving in cincinnati. he may say something, these are live pictures i believe.
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he may say something about the pastor released in turkey. [inaudible]. >> keep it up, mr. president. >> thank you, everybody. >> you keep fighting. fight hard. >> [inaudible] >> we can't let them win? >> who? >> thank thank you, everybody. >> thank you. >> drain the swamp. >> we're with all the way. >> 95? you look like -- [inaudible]. david: melissa -- melissa: i like listening to that. >> you leave the mics open but you never know what he will say. melissa: you hear what people are saying to him. drain the swamp. the press can't win, they have it all there. that is pretty funny. interesting. david: i'm sorry, producer is
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talking to us. go ahead, producer? all right, well, she said passed through the air. is brad still with us, or will we have to move on now. brad is with us. brad blakeman, very quickly the president has this extraordinary schedule virtually every day he is going out to one of these rallies from now until the end of the election. how much effect will that have on midterms? >> i think it could have great effect. there are places the president won in double digits where democrats are haver in ann. i think that is what he needs to do, now until the election day, hit the road, mr. president, as early and often as you can get-out-the-vote. bring a friend. tell your friend. organize, volunteer. great message for the president. got to help. david: by the way we were just told that the president did say something about reverend brunson whose wheels are up. he is in the air on his way to germany in turkey. we'll play the tape play back.
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as soon as we get it. that is clearly a big plus. this is a president who melissa said earlier, every american life he is willing to go to the distance, not something we've seen from every president recently. >> no doubt about it. he is willing to put the capital and prestige on the line. no doubt he talked very tough to the president of turkey. said you figure it out. david: not just talk. he did the screws with regard to sanctions. >> absolutely, sanctions. the president of turkey figured out a way to save face. gave him a kangaroo trial. he is off to the united states. that is the kind of leadership that america needs and donald trump is pretty good at it. david: he did it on canada when it came to tray. oh, my god, people said what will happen to our closest ally in the world. turns out we had a pretty good trade deal. >> the president knows exactly how to play these guys. he is doing a great job. after all we've been played for years by sometimes our chosest
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friends, our adversaries and enemy is, next stop, ladies and gentlemen, china. got to get china done one way or the other. to adhere to the rules at least. brad blakeman, thank you very much. melissa: big week on wall street. next week is going to be even bigger. ♪ : do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ and now you know.ed- jardiance is the only type 2 diabetes pill proven to both reduce the risk of cardiovascular death for adults who have type 2 diabetes and heart disease... ...and lower a1c,
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. >> we're getting a little more information now about the white house said about pastor brunson. he apparently is going to arrive at andrews air force base tomorrow on saturday at about noon, then right to the white house. >> right, they're hoping to have him in the oval office and the president was asked about the possibility of removing sanctions on turkey. says there is no deal in exchange for brunson's release. we will keep an eye on that. our new all-star lineup starts this monday on fox business. connell mcshane is going to be here at the normal time. right after that. look at that, 5:00 slot, that is bulls and bears!
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>> that makes me very sad. this makes me happy. i got a new show bulls and bears, 5:00 p.m. eastern, "the evening edit" starts right after it. >> best co-anchor ever. >> best ever. >> you, you, you, we mean it. >> "the evening edit" starts right now. >> it's going to be a tremendous victory for president trump. >> after two years under arrest here, a year and a half in jail, and half year under house arrest. we just learned moments ago that he, although being convicted of terrorist charges, travel ban, and he was sentenced just to time served. the path is clear for his return to the u.s. >> nobody is going to breathe a sigh of relief until pastor brunson is safely back on american soil. liz: it is another major victory for president trump. the pastor held in turkey for nearly two years now released. pastor andrew
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