tv After the Bell FOX Business October 16, 2018 4:00pm-5:00pm EDT
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gains on days like this, to have a solid cash cushion to buy with volatility and credit. liz: do not sell into a dropping market. it is not dropping at all. [closing bell rings] the dow seeing gains of 562 points. quickly checking. very close to session highs. that will do it for the "claman countdown. wow. connell: we'll take it more like it. strong earnings. very good report on jobs. put it all together, great day for the markets. the dow up 540 plus points. we wait to see how we settle at session highs. s&p 2% higher. nasdaq, the best of the bunch there, almost 3% on the nasdaq composite. melissa: we like it. we'll take it. connell: we'll take it. once again i'm connell mcshane. melissa: i'm melissa francis this. is "after the bell." let's go straight to nicole pet on the floor of the new york
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stock exchange. >> we had sell off of 4% on major averages. we scoop up 2 1/2% for the s&p 500, the dow 2 1/2%. the nasdaq up 2.9%. certainly a nice move. volume not necessarily there like conviction we saw last week. up arrows across the board, health care, technology, earning. earnings are underway. you have 11% of s&p 500 companies reporting. you have seven dow components reporting. united health, johnson & johnson beating the street. we got the jolt report, this is the jobs report we look at a labor report closely. this is the for people officially unemployed. for the fourth month in a reopenings for jobs surpass those officially unemployed. 7.14 million that also brought optimism to the market. netflix, right before it comes out, we're watching this one
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closely. sometimes the third quarter is little tougher for netflix. we're watching for 5.32 million subscribers this is winner. up 4% right now. everybody is watching original programing for netflix and tesla. early this morning we got the final, real deal okay. u.s. federal judge approved that elon musk and tesla settle with the sec and 20 million-dollar payments from each and all the things that go along with it. big picture here, at least today, we have green on the screen. back to you. melissa: we'll take it. all right, thanks. connell: nicole. connell: we'll talk about this some. we have our market panel. gary kaltbaum is here today, kaltbaum capital management president and james freeman, "wall street journal" assistant editorial editor and both are fox news contributors. let's take this apart. i was reading gary k.'s note this morning. >> of course. related after the journal, right?
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connell: no way to talk about gary, melissa. gary has title on the notes. this is true. kaltbaum on 200-day moving averages and weed. we'll not talk about the marijuana stocks right now, gary, assuming is what you meant by weed but you said it was so important, you couldn't tell us how important it was at some of these levels. we'll get into that today. >> very simply we watched in the last year how three times the market came down to a certain level, almost to the penny and held, came down again on this little mini crash on the last week, if we broke it i thought all heck would break loose. instead institutions came in and bought the living heck out of the market. big help was united health was 80 dow points. nicole petallides, brilliant nicole said it best. it was about earnings today. the hope earnings will follow suit with a united health. even walmart that didn't have great things to say was actually up.
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so it wasn't just the news, how things reacted to the news. let's hope the worst is over. connell: see in a minute or two, james how netflix does, to follow up on united health, goldman sachs, morgan stanleys of the world. economic data, interesting to see the job openings number. we've never seen it that high before. you have job openings outpacing number of people unemmode for six months in a row. good sign i assume what you say about our economy? next step what does the fed make of it? >> that is the question but these are healthy companies making a lot of money and adding capacity. we saw that in the latest manufacturing report from the fed and they want to hire. there has every never been a better time to look for a job. we see these amazing numbers on the job market coming out month after month. you look at economic growth. st. louis fed is calling 4 1/2% for the third quarter. so it's hard to fine a bad, problem in the current economy.
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we see threats down the road. concerns about where trade goes, et cetera, but right now the economy is humming. connell: yeah it is. see companies from the bottom of the screen, that is looking pretty good what i can see from a headline with netflix. susan will break down the figures from the newsroom in a second. the stock is already popping after-hours. melissa: looks like a big beat there. connell: that is 20-cent beat, am i reading that right? looks like almost a 20-cent beat. you're up 14%. netflix always moves big after the numbers come out. gary you you were talking about the how earnings drive the market especially the case when it comes to outlooks from here on out, right? >> to intermediate or long term it is always about earnings and interest rates. everything else is a bunch of of noise. you know, james said it best. i don't think i've seen this strong of an economy that we have right now. tough go back all the way to the reagan years.
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>> right. >> as far as an economy not coming out of a big recession. sometimes you will get six and seven gdp numbers coming out of a big recession. for me it is a pretty amazing. if we can keep this, earnings continue to grow, i don't think we continue to grow 20% every quarter but if we continue to grow decently i think we'll be okay. as far as interest rates, if you notice we settled below the 10-year, but as long as we're below the fours i think we'll be okay. connell: follow up with you quickly, gary, on the market itself, big time there was a lot of conviction to use the word associated with volume to the downside. whereas people look at today, we didn't see as much of that conviction to the upside. does that worry you at all, gary? >> i'm priced first, volume second but definitely something to watch. connell: right. >> higher volume indicates, it is an important word, conviction
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of the big money crowd whether they are just renting or whether they're going to own. the fact it wasn't so great today is something to watch. but the action was pretty damn good. connell: back to netflix breaking news. i mentioned susan would have it from the newsroom. looks like a big beat. what do we have here? >> it is a big beat. we'll going with this 89 cents earnings per share on bottom line. 68 cents is what analysts expected for the quarter. revenue pretty much in line with expectations four billion which is what analysts had penciled in for the quarter. this is the big beat, pretty much why the stock is popping at this point, net ads, all about subscription growth in the quarter, coming in way ahead of estimates from what we see 6.96 million for the quarter. estimates from analysts had been about 5.15 million.
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i'm looking at the international ads, this is the strength, guys, 5.8 million new subs compared to 4.47 million, that was the expectation. as you can see, coming out almost 1 1/2 million more than anticipated. as for the next quarter, here is what netflix does, usually give us expectations and guidance for new subs and subscriber growth. from what i see it is much higher than anticipated. 9.4 million is what they're penciling in for total streaming ads in the fourth quarter. expectations were just about 7.13 million. that is almost 2 1/2 million more than anticipated. hence this huge, as we're seeing, some big double-digit gains. back to you. melissa: as we continue to pour through it, with gary and james we have john from stoneybrook college, and we have shana glenzer cloud scout chief
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investment officer. thanks for joining us. john, what do you think of people signing up for netflix, beat in the u.s. and both internationally by millions? >> it is astounding. tells you netflix has the buzz. what really matters in the media spaces beyond having hot tv shows having a buzz that people want to subscribe to netflix, want to add to it, families buying more subscriptions. it is really amazing. netflix maintained good atmosphere, this good buzz. melissa: shana, it is astounding there are so many options whether you have a smart tv, whatever you have, everybody is coming at you, stream icon tent, go for this. netflix is really adding. the biggest knock on them is that they have such an avalanche of content, hard to sort through what the best stuff is. that is a pretty good criticism. >> that is a pretty good criticism. they're strong on three counts. they have launching new content. oscar contender movie coming out
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in december. purchasing production studios far less than market value for production studios. they're making plays internationally with brazil and to increase international subscriber number. following through with the content with a lot of great business plays straight ahead. melissa: james we talk about netflix, same way we talk about every other company out there. their biggest competition coming on from apple, amazon, those are the ones giving them a big run for the money. how are they dealing with that competition? >> earnings feed is so impressive, i think if you're an investor in a company like this, you worry, are they going to overpay for these entertainment assets. for tv productions, movies, et cetera, because there is this kind of gold rush to dominate the digital media delivery. it is quite amazing to have that kind of earnings growth when they do have to shell out as much as they do for content.
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melissa: gary, the stock, is hardly a secret, netflix. do you think is it worth getting into? what do you think of the valuation here? >> i hear it is up in the after-market here. i think there is a chance here if market bottoms it will definitely go higher off the gap. melissa: 14% here after hours. it is up 48. >> that be good. the most important thing i've seen in netflix when they report, when they blow away subscriber numbers, you usually have great reactions and i must tell i think the stock is held back because of the worry, there is serious competition out there in streaming, whether it be disney or anybody else. the fact they came out with these numbers, wow. so reaction is not surprising based on how strong that is. >> the other thing that jumps out here, maybe john freeman, we'll go to you on this, expectations were lowered a little bit by the disaster the report was last quarter. we had three separate brokerages
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come out, morgan stanley and raymond james, lowered price targets on the stock. you have a figure like this, people may think sky is limit. people started to doubt netflix. maybe that was a mistake. >> what people do all the time, once there was hbo and once there was amazon and now there is netflix which regained excitement. people think they can rely on netflix for excitement, entertainment, drama, comedy, whatever they want netflix is there for you. melissa: shana, when i look at the fact that there is a base study for business school. this company delivered dvds through the mail. look at other companies just this week fallen by the wayside or whether sears, the world passed them by. guess who the world really passed by netflix and they stood up and did a totally different business. what kind of lesson does that show you and do you think they can keep it going? >> it is an astounding lesson. one of the things they did well,
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they pulled off the bandaid early too, right? they not only pivoted but they made a increase in their subscriber fees early and got back to the market value. melissa: that's true. >> back to value that would give them this position they have in the market. not only the pivot but also the way they addressed their, pricing that put them in this great position for growth. now what's interesting, what got them in trouble last quarter they projected a lot higher subscriber growth than they delivered on. i think that is something to keep an eye on for next quarter but really great momentum here. i'm really excited to see what they have planned. connell: follow up on one of the points shana made there, james, how pivot netflix made. they could have rolled over, the world has taken us out of our business here. barry diller made a speech in new york today, wrote down the quote about netflix. it is very interesting. just to shana's point. netflix started early.
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no one was else around at time. they have so much after lead nobody can catch up to them at this level. he said to other companies, if you think you invest and whatever invest and be netflix, that is a fool's errand. that is barely diller in new york today. they made changes so early, if you're somebody else trying to play catch-up, that is a long road, james, right? >> kind of amusing. a few years ago government thought they had to protect netflix with net neutrality rules. talk about business case, a regulatory case have humilitity. they used to look at cable operators a monopolies they had to control. this company has many more customers than any cable in the operator in company. 7 million new customers. that is more -- melissa: we have breaking news. ibm report reporting
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third quarter results. nicole has the numbers. >> ibm, a miss on revenue. this is the big story. revenue coming in at 18.76 billion. that misses the estimate of 19.1 billion after three consecutive gains in revenue. we're seeing this to the downside, one of the reasons for this, a slight beat on earnings per share, one of the reasons for miss on revenue, demand for servers has been slowing for mainframe servers they get out to the large organizations, based on growth of 1% in the third quarter what happened? because last quarter they saw growth of about 25%. what an amazing difference. some of the other things that the company also noted their international sales. they're facing headwind from a strong u.s. dollar. the cognitive software business, that is all the ai stuff, that also saw some weakness. cybersecurity that was down 6%. those are a few of the things that hurt ibm. see it at 139.95, down almost
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4%. annual low, last thing i will tell you, that is 137 range, that was from june. just a couple bucks off the annual low. back to you. melissa: nicole, thank you so much. go back to the markets. james, susan and gary are still with us. markets are up 55 points. you might be breathing or -- 550 points. one might be breathing a sigh of relief. what does it say to the response to good job numbers out there? what does tomorrow hold. >> good jobs numbers, good economic news, good earnings. i might note that the chances after elizabeth warren presidency are much lower than they were on sunday. i'm not saying that is driving the market but all kinds of good news, put it that way. melissa: yeah. gary, what is your take? >> i think the markets are in recovery mode. i think they put in a low but i think it will be tough to get
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going. i think highs we saw couple weeks ago will be it. it will be about earnings. get ibm, by the way, their numbers are not great in a long time. you get netflix and there are 3,000 companies to report. i'm more interested in reaction to the news and we'll find winners and losers. mention one thing on netflix, when they started pivoting to what they're doing, their stock is up several million fold. blockbuster is down 100%. tells you about vision versus non-vision as the world moves forward. connell: a little more breaking news as we stay on top of it, guys, the trump administration announces plans to begin trade talks with japan. edward lawrence, horns peeping at him, and eu news and edward in d.c. with details. what are we hearing, edward? reporter: connell, u.s. trade representative office just notified congress they're intending trade negotiation deals with japan, the european
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union and also the united kingdom post-"brexit." this starts the tpa, fast track process to get the agreements done pretty quickly on the uk front they cannot start negotiating until the uk starts negotiating until "brexit" happens in march 2019. they have perform ad working group that will lay out the ground work and have that ready pretty much after that date, march 29th, 2019, to sign something with the united kingdom. congress can ratify it 90 days after that. this notification of congress start as tpa process on japan, european union and united kingdom. big european agreements trump would like to have in place according to robert lighthizer, the u.s. trade representative. this is an important step for farmers, workers, businesses in united states to keep the economy going and keep it moving with regard to trade. back to you. connell: progress on trade.
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we'll had that to the list. thank you, edward lawrence. melissa: secretary of state mike pompeo meeting with the saudi king and the crown prince today over the disappearance of that "washington post" columnist. turkish investigators are looking into what exactly happened inside of the saudi consulate in istanbul where jamal khashoggi was last seen. we have the latest search for answers coming from the white house, acting as his own messenger, president trump adding press secretary to his list of jobs at white house. will that strategy work? howie kurtz, media analyst, "mediabuzz" host is here. melissa: under oath but not talking. one of the key figures in the the infamous trump dossier, glenn simpson of. (roger) being a good father
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connell: stocks just surging today as we've been talking about. we have a strong jobs market reported to us this morning, jobs openings to report. booming corporate profits as well. our next guest says not so fast. his latest warning another recession is coming. marty feldstein, economics professor. you talked about this idea, i watched, i was on maria bartiromo's panel with you back in january the stock market falling because of rising interest rates and that will hurt the economy. is that what we started to see last week? interesting to talk to you a day like this on a day the market is up. >> the market is very strong. interest rates, the 10-year treasury has doubled in the last two years, doubled, but still only a little over 3%.
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in real terms not much more than zero. but i think it could go to a real number like 2%, which would mean it would be up to 5%. connell: right. >> and at that point i think it would be a real challenge -- connell: that would hurt the stock market. in turn bring the economy down or bring the economy possibly into recession is your point? >> exactly. is the fed doing the right thing? let me ask you a a brief question about that, you will understand why raising interest rates as aggressively as it appears to be or as the president thinks it is? >> well they should have started earlier. connell: okay. >> i think the real problem the interest rates are still so low. the fed funds rate is basically zero in real terms. so they're doing the right thing. connell: right. >> they can't do it much faster, but should have started two or three years ago. connell: bus president trump, played on the network earlier, will be played later, to trish regan, he said the fed is raising rates too much right
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now. >> i don't think if he means the midterm elections i don't think that is right. connell: right. >> but i think by 2020, we could see, even then the fed estimates that there were only be the fed funds rate will only be 3 1/2%. but the long rate could be up over four by then. connell: what does the economy look like? i know it is difficult to pinpoint recessions, turns in the economy. today a lot of people upbeat about the report of john openingses that are terrific. -- job openings. what does the economy look like by 2020 if you had to give your best guess? >> everything is positive now. everything looking ahead is positive except if very high interest rates cause the stock market to fall. the stock market, the s&p 500 price earnings ratio is 50%, five, 0, higher than its historic average. if it dos back to the historic average, what would that do to households? would take $10 trillion out of
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household wealth. if you do that, you knock the level of consumer spending down by 1 1/2 to 2%. connell: to be clear we have to go, we spent a lot of time on. connell: at top -- >> if interest rates rise that much we could see that kind of a fall in the stock market, therefore in the economy. connell: all right. we saw part of that last week. and as we say at the end of an interview like that, let's hope you're wrong. good to see you. melissa. melissa: netflix shares soaring after-hours following release of results of subscriber growth beating estimates in the third quarter. the streaming service signing up more than one million subscribers in the united states. analysts were expecting less than 700,000. connell: growing pressure on saudi arabia as america's top diplomat sits down with its leaders. the breaking headlines from mike pompeo's meeting and how the trump administration is responding now. that's ahead.
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connell: searching for answers, secretary of state mike pompeo meeting with saudi leaders amid reports that turkish officials found new evidence on the alleged killing of columnist jamal khashoggi. break burman live at the white house. what is the latest, blake? reporter: connell, secretary of state mike pompeo will be in turkey tomorrow. today he was in riyadh, saudi arabia, meeting with saudi arabia's king salman and the crown prince mohammed bin salman as well. after that the president tweeted out saying that the saudi's top leadership continued to deny any involvement with the disappearance of the jamal khashoggi. just spoke with. he was with the secretary of state mike pompeo during the call and told me has already started and rapidly expand a full and complete investigation into this matter. answers will be forthcoming shortly. just before that tweet the president wrapped up an
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interview with trish regan which he says he was waiting to hear directly from the secretary of state himself. >> trying to find out what went on. a lot will be determined. he hadn't gotten back with me, next couple hours, prior to your show. >> okay. >> but he will be getting back to me. you hear what is happening. turkey is looking at it very strongly. we're all looking together. turkey and saudi arabia looking very strongly. depends whether the king or crown prince knew about it, in my opinion. number one what happened, but whether or not they knew about it. if they knew about it that would be bad. reporter: the khashoggi family released a statement saying they're trump advertised and they want a international investigation. remainder of that interview with president trump and trish tonight at 8:00 on her show. connell: thank you, blake
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burman. melissa: michael o'hanlon, brookings institution, foreign policy senior fellow. what do you make of this whole situation? some. reports coming out today, the idea they were painting inside the embassy there and you saw that the crews and the trucks just went in with ultraviolet light and everything else doing the saying he was killed inside the embassy. hard to argue with that. >> i'm highly suspicious. the burden of proof is on the saudis. no point in mine arguing based on circumstantial evidence is aware of. doesn't sound compelling to say he is okay or some interrogation went bad somehow wound up dismembering him. some. theories out there sound incredulous. makes me think the saudis are looking for a half-truth or partial truth or non-truth that can deflect blame but that is
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speculation on my part. >> talk from the white house seems to change day-to-day. most recent comments they're hearing if they knew about it, it is really bad. makes them sort of say that they didn't know about it. is that believable? >> to me it is not very compelling. it is possible. i don't personally subscribe to it. i think more feasible to believe that there was some winks and nods. you know what needs to be done but you didn't hear me say it with my own lips kind of directive the top leadership and hit team did what well aware was requested, but didn't have to be verbalized. to me the kind of thing you could imagine but pure speculation. >> only thing wrong with that kind of a theory, tell me with your knowledge about the kingdom how they worked in past, it is so blatant and so obvious they had to know their folks would be seen going over there, going inside. there is cameras outside of the embassy and on the way in, it is
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just, so much that there are such quieter ways to do this. does that make you think what could have happened here? >> don't forget this is crown prince who temporarily kidnapped a lebanese prime minister and imprisoned in a hotel a number of his own princes. got into a huge tiff with canada over one tweet from canada. he got away with all that. there was no, no sullying of his image internationally. this young man is prone to arrogance and over confidences and thought he could talk his way out of everything. it is not clear that every embassy will have equally good surveillance equipment. maybe he made a mistake there as well. melissa: michael, thank you. >> my pleasure. connell: still have to figure out a bunch of stuff for that story. meantime acting as his own press secretary the president is taking matters into his own hands when it comes to answering
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questions from the press. melissa: he is everywhere, wow. connell: he really is. i heard he will be on trish's show tonight. melissa: i think so. connell: is this a good strategy? not appearing on trish's show but answering questions in general? the man to answer that, howie kurtz. fox news media analyst. pleading the fifth, one of the people behind the unverified trump dossi glenn simpson invoking his right not to testify. so what happens next? jason chaffetz former house oversight chairman is coming up. ♪
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only when you book with expedia. >> does anybody have any questions? yes, sir, go ahead? anybody else? melissa: less than a month before the midterms, president trump is taking on role to be his own press secretary. to discuss whether there is the business chose for commander-in-chief, howie kurtz, "mediabuzz" host and fox news analyst. you can see a stark contrast in past couple weeks. he is at the end of his driveway basically talking to everyone, not really, but on the way out to marine one. he is doing all kinds of interviews. we heard him call into shows. he is on with shannon bream. he is on fox business tonight. he is answering questions everywhere he goes.
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at same time you are not seeing press conference at 2:00 p.m. is this a good strategy for him and what does it mean for republicans in midterms. >> and there was 60 minutes of course. and his own press secretary and chief strategist. as sarah huckabee sanders put it to me with absence of briefings for five weeks, who would you rather hear from me or president of the united states. this is strategy he cooked up. it wasn't devised by advisors. very much tied to the midterms. very much tied to sense that the president feels he has had a pretty good stretch with kavanaugh getting on the court, unemployment down, release of the american pastor released from turkey. it is certainly succeeding he is dominating and driving the news agenda just about every day at a time people are making up their minds about congressional races. melissa: it is also interesting, because it takes a lot of negative punch out of some of the things he does that some people, for example, maybe female voters feels like goes
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too far. you know when he hits back at stormy daniels and it will make news for a minute. all of sudden he moved the news cycle on to the next thing. net-net, does that help him or hurt him? because he can step own good news but can mute out mistakes or things that aren't playing well? >> i thought the horse face insult on twitter was old donald trump where he steps on the news cycle. in these interviews, i watched him carefully, taking questions from the press he is certainly confident, enjoying himself. he hasn't taken the bait. he used humor or sarcasm to deflect questions. he is very much in control of the message. this is former reality show star who knows how to mix it up. it is not just rallies or photo-ops, he does the kanye thing and everybody goes crazy for four or five days. the odd thing, the president is
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virtually every day taking on fake news and failing media and "new york times," and when he need the press, he wants press approval in my view he is certainly willing to open up access. melissa: he is not just doing interviews with friendlies, he is out there taking questions along the way. a lot of those questions are hostile. they are not one-sided. we have to run. we're out of time. howard kurtz, thank you as always, we appreciate it. connell: we'll take another look at the top breaking story for the hour, netflix and its earnings. the stock is soaring double digits after hours. the big beat on subscriber growth. earnings were way above expectations 89 versus 68 and revenue is growth but the subscriber growth figure is giving the stock a bump in after-hours session. a bump is putting it mildly, up $40, 12%. getting close to the 400-dollar mark. streaming memberships is one thing to look at that. susan li and others were looking at that, 58 1/2 million in the third quarter. by the numbers netflix looks
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let's bring, gary and james are back to talk about this with us. amazon is going after a 10 billion-dollar defense contract, james. the comparison is to google which has pulled out of this kind of work. so no doubt, maybe not a direct shot but indirect one by bezos to friends at google. what did you make of it? >> maybe seattle is little more sane than the bay area right now. kudos to him, but it is odd we even need to say that isn't it? the idea that a u.s. company should be eager to be a defense contractor, and that, that is controversial where as google, for example, thinking of going back into china offering a censored search engine because most things wouldn't be screened out, it really kind of amazing. >> james brings up the point, gary, and that's true, google is -- a lot of these companies get push back from the employees about getting involved with the military but at the same time
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here is google saying we'll start this thing, they crawl dragonfly, a censored search engine in china, we're good with that but not working with our own government's military, what do you make of it? >> censure, do that at google. if i'm sitting at my desk, get a call from mattis or pompeo, gary, come to the pentagon help us with software for the latest b-2 bomber, whatever the heck it is, i'm on the next fly. what a great calling to help our military. connell: that's right. >> and this country in the department of defense. i just don't understand how anybody would be against that. i couldn't give a you know what if employees are mad you're doing the right thing. connell: gary is making the best argument for it. if this doesn't work out, these companies will end up calling gary and we're all in trouble. >> exactly. exactly. connell: gary, james, we appreciate it. we'll talk to you guys again soon. melissa: pleading the fifth. glenn simpson, the man behind
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the anti-trump dossier invoking his right not to testify as dozens of questions remain under answered. jason chaffetz joins us on that next. air velocity is reading at fifteen fpm. why would you need to learn every detail about a company? firmness... nine. it's how ibm services helps retailers around the world drive growth and save millions. he's very into this.
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discrepancy between your earlier testimony and that of justice department official bruce ohr? mr. simpson what was on the memory stick thaw fav justice department official bruce ohr in late 2016? mr. simpson, will you take our questions? melissa: joining me jason chaffetz, former house oversight committee member and fox news contributor. those are good questions and probably ones catherine put together they would want to ask. what do you think is on the memory stick? >> something, very, very important because glenn simpson testified previously under oath. for him to now plead the fifth would lead to conclude maybe his testimony hasn't been consistent. at the key, at heart of this, melissa is the timeline of the department of justice laid out a timeline. you had james baker, chief counsel, others come testify and maybe paint a picture that is a little bit different and i'm not
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talking about being off by one or two dates but a significant gap in data and information that the committee wants to know about. melissa: why does that matter? because they seem like they're pointing out the fact that these guys were all working on the dossier and they were working on you know, what is the trump russia investigation as they would say, earlier than they said. why is it significant they were doing that earlier? >> the core question is, what sort of assets were the fbi using and deploying with the fisa application, going to a court and getting permission to spy on americans? were they deploying assets? were they spending money? were they going overseas to encourage others to spy on men's? this is context of a presidential campaign and targeting of people who worked even at a great distance from donald trump. and so if your timeline and your justification for getting those warrants, spending money,
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deploying assets doesn't line up, points to more nefarious intent what they were trying to do to take down donald trump. melissa: i'm sure you're too busy, ben sasse is on "outnumbered," how long will we relitigate what happened in 2016. going down a path that didn't seem to him terribly important? >> i have the greatest respect for senator ben sasse but boy is he naive. go spend time in nebraska and work on the corn if that is what you're interested in but this country it is not just about relitigating the past. it is making sure the highest echelons of the fbi are not deploying their assets inappropriately. that is why we do oversight in this country. if we were provided the and if we were provided documents had the support of ben sasse demanding this administration provide the documents, the witnesses and the information, this would've been done along time ago. just because it has to do a 2016 doesn't mean we just let it go
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because the election was had here that's not the message you want to send. >> congressman jason chaffetz, thank you. >> if you're feeling lucky or not. i'm not sure if that works. we have a new mega millions record set tonight payable to you the amount of money that could be melissa is coming up next. ♪
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in case i would win. the curse is real. people come out of the woodwork. you don't want to deal with it. and then, you know. if we win that will be that appeared in the meantime, that does, that does it for us. >> i'll be here by myself tomorrow peered "bulls & bears" starts right now. david: from wall street to washington and all over the country we are talking about the topics that matter most to you and your money. "bulls & bears" is back. ♪ i am david asman. jimmy on the panel or barrio and susan leigh, senior correspondent charlie gasparino, plus gary b. smith, and john layfield, ceo of the layfield report, both are fox news contributors. if your
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