tv After the Bell FOX Business October 18, 2018 4:00pm-5:00pm EDT
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go through. higher rates. don't forget it's a function of a strong economy which is positive. [closing bell rings] liz: john putting a fine point on it. we'll watch that and all of your picks. that will do it for the "claman countdown. with the dow down 337 points we're more than 130 points off the low. "after the bell" starts right now. melissa: volatility remains, that's for sure. stocks plummeting today amid growing tensions between the u.s. and saudi arabia. the dow ending the day down 323 points, following treasury secretary steve mnuchin's decision to withdraw from the saudi investment conference. the s&p 500 is down more than 1%. tech-heavy nasdaq closing down about 2% on the session. there we go, 206. connell: yep. melissa: wow, i'm melissa francis. connell: i'm connell mcshane. another crazy day on "after the bell." we have you covered from washington to wall street. we'll have a report from susan li at the new york stock exchange but let's start
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with edward lawrence standing by on yet another very busy day in our nation's capitol. edward? reporter: exactly, connell. stocks start to slide literally in the moments after treasury secretary steve mnuchin tweeted out he would be canceling a trip to the future initiative conference in riyadh, saudi arabia. this further adding to the tension between the u.s. and saudi arabia over what happened to the missing columnist from "the washington post." now this, another blow to that relationship. now fox business network was also a sponsor of that conference. fox has canceled that sponsorship going forward. secretary of state mike pompeo says that turkey will share their official investigation into what happened here with the u.s. and saudi arabia. >> we're all going to get to see the response of the kingdom of saudi arabia takes with us. when we see that, we'll get a chance to determine all of us, all of us will get a chance to make a determination with respect to the credibility and work went into that. whether it is truly accurate,
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fair, transparent. reporter: we don't know exactly what happened to jamal khashoggi at consulate, we walked in on october 2nd to get papers to remarry. he did not walk out of the consulate. turkish newspaper say turks have audio and video after murder that happened inside of there with a saudi team. the u.s. would like to see that evidence. so far it has not been produced. tension is affecting the markets. so is the 10 shen between u.s. and china, some movement there. the u.s. coming very close to naming china a currency manipulator. they didn't yesterday. they're adding them to a watch list. so close to that in the foreign exchange report. treasury department says china needs to making a aggressive changes to add more consumption side to get away from purely investment strategy they have. basically open their markets to u.s. goods. >> china is a problem. they have to the responded to our asks, okay? and it is not just the trade
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deficit per se it is the forced transfer of technology. reporter: no substantive changes with the u.s.-china relationship. china is not making any moves what so every. connell? connell: thank you, edward. melissa: susan, talk about reaction at market. this is one thing definitely focused on. >> let's talk about the broader markets if we can. weak sentiment to start off the trading session, a big selloff in china overnight. a big spike in italian sovereign bond yields. italy is the third largest globe issuer of sovereign debt. that has market spooked. on top of that steve mnuchin not going to saudi arabia. what does that mean for saudi arabia. and kudlow comments on china. we trickled down to the bottom 325 points down for the dow.
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look at dow transports. we were in correction territory last week. we're adding on to the declines, down over 200 points for the dow transports. it is important to look at this subcome meant. really it's a proxy on belief in the u.s. economy. also dow utility, this is something else to watch for. you see the rotation into safety. you know that investors are a bit jittery as well. let's take a look at the tech selloff if we can quickly. we have earnings to get to. facebook was down. amazon was down. apple and the like, google as well. financials selling off even though higher interest rate environment that might say something about volatility in these stocks. goldman, jpmorgan, jpm. i quickly will dot defense stocks as well since saudi arabia and u.s. have a 110 billion-dollar arms deal is that in danger now with developments we keep hearing about in the khashoggi case. quickly get to -- getting to
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american express? i come back to that. back to you. melissa: susan, thank you. connell: waiting for numbers. get to the market panel talk all about this with heather zumarriaga, vision four vice president and kevin kelly from benchmark investments. good to see you both. it was a bit, not that every day is crazy lately but a bit crazy today as susan said, factors from outside of the united states influencing our investment, kevin. what stands out to you the most? saudi arabia, is it italy, maybe china trade? what is the most important factor at play today? >> i think one of the most important factors is actually china for me. connell: okay. >> back on october 1st you saw robert lighthizer lay out the plans and conditions to be structured around fairness, first and foremost. then it talks about intellectual property and talks about state-owned enterprises. that is predicate what they crafted with nafta. so it will be a long haul too get china to come around those three pillars that he laid out. i think that is the most important thing. you also see the president and
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this administration is focusing on shipping costs and cheap shipping subsidies from chinese goods coming into the united states so people can no longer buy dollar yoga pants. connell: there is that, kevin. i know leave as mark. now, now. in your department. heather, obviously those are, trade issues have been there forever. larry kudlow may have added to that interview on fox business and comments in detroit, talking about the chinese being uncooperative. kevin hits on a key point, long haul. no matter what you think going on with trade, the idea this would be wrapped up with china anytime soon seems to be unlikely but you also work in the saudi arabia story today as well. what stood out to you? >> i still think china dominates. markets are down 3% overnight and whether or not you wear those yoga pants they're finally starting to really feel the wrath of these tariffs in their economy. if not already, their markets
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are in bear market territory. now we didn't label them as a currency manipulator but they're on the currency manipulation watch list. connell: they're not waving any kind of white flag. they may be feeling it, heather, but they're willing to let this play out for a while and dig in their heels. >> you're right, beijing has to save face like president trump want as a win for the u.s. as well. we have to address intellectual property rights. opening up markets for free and fair trade and deficit. they want them to buy more from us since we buy a whole lot from china. three key issues. connell: what about, kevin those who say all these issues, although they affect the united states are coming from outside of the united states, the issues we brought up? under that piece of logic, use, u.s. equities might be best of bunch even if we take a hit here or is that true if we get hit like everybody else and keep going? >> depends what you're talking about, if you're talking about
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small caps focused on united states where our gdp is growing at 3%. you still like those. if you look at large markets, s&p 500, think what is happening. rising input costs from materials, vis-a-vis china situation with tariffs. rising costs from interest rates and rising labor costs. those are three impediments to the large multinationals corporations going forward. you're seeing big stock selloffs in the big broad averages. connell: fair enough. real quick, heather. >> that is the problem, rising input costs refuse going up across the board, earnings look great but when you have riding input costs that is taking a hit on the bottom line. connell: we'll come back, guys. melissa: president trump speaking in front of reporters before taking off for montana, certainly looks like jamal khashoggi is dead, that was his quote an consequences would have to be severe. we have zuhdi jasser,
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american-islamic forum for democracy president. what do you think? >> the relationship cannot be normal, melissa. the world is looking for reaction as our closest ally in the middle east other than israel, when it comes to arab tyrannies what will we do? when i was on the u.s. commission we called for sanctions against them because of religious freedom year after year, white house always gave, obama or bush, a waiver, national security waiver. it has gone beyond that ultimately we don't throw out everything. we can't destroy the diplomatic relationship, if we do, the turks will benefit, qataris, iranians will benefit. there is strategic balance that president trump's administration is to rebuild in the middle east that the obama administration abandoned. i think it is very appropriate for secretary mnuchin and others to say hold on a second, we'll not participate in this investment summit. we'll not continue to have this a one-sided relationship. there needs to be transparency
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the way you deal with your enemies, your antagonists. there might be a global war against the brotherhood that the saudi arabians government is waging right now but to kill dissidents in foreign countries is not part of that. melissa: a little bit of what you're saying, because some are saying that is conspiracy theory to say he was killed because of his affiliation with muslim brotherhood. is that what you're saying? >> well i think if you look his writings and his ideology, he might be now being lionized and glorified in his posthumous review. yes he talked about democracy, so did the brotherhood in egypt and others. his positions on israel, his positions on the west, he came out of, he was al qaeda in the '80s and moderated into the 21st century. to say he is secular liberal is just not true. melissa: okay. what is the right response from the u.s.? you talk about threading the needle. we have to stand up and say something.
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you can't do that to your enemies no matter who they are. but this is our best ally in a bad neighborhood. what is the response? is it not killing the arms deal? what is it? >> the we is what are the tools on the table? the arms deal might be, should not be on the table because it is part of the balancing what the iranian threat is, qataris are doing and others in the region that we can't remove simply because the saudiss are our friend. what should be on the table? i think transparency. i think the counterterrorism center we were establishing how they approach it. what reforms really are. mbs pushed forth as a crown prince of reformer. he is not a reformer. he is simply modernizing his country in tyrannical dictatorial way but we need to be careful to hold them more accountable to universal human rights not just abroad but at home. we can't have double standards, because this was green card resident -- melissa: what does that mean? do we not participate in the
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counterterrorism center that is there? that is one of the missions they were going on while they were there, even though they canceled the financial summit, there is still the other piece. >> at the time, when i said at the time when the counterterrorism center is open, here is country that is seat of organization of islamic cooperation, includes turkey, includes iran. if they have a counterterrorism summit it is not just about the symptoms of isis and others but ideology. to this day we have not held them accountable for lifting up reformed-minded and judges in clerics in their country. they are still beheading clerics and transformers. we them to, why don't you release the man who was tortured and whipped, talked about democracy. there are deliverables we asked for, domestic dissidents they could do at this point. melissa: zuhdi jasser thank you for your insight. >> thank you. connell: more on this in a
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moment. breaking news on american express. susan li at the new york stock exchange. earnings are just out. how did they do? >> see it on your screen right now. a beat, $1.88. higher than estimates of $1.77. revenue came in, i would call it a beat. estimates were calling for 10.05 billion. as you know american express one of the largest credit card issuers in the world, really proxy how good consumers are feeling, how much they are spending and how much higher interest rates biting into their spending habits. looks like from these numbers it is not having a whole lot of impact, just now at least in the last quarter, rest of this year, from the outlook perspective. that could be relief for the markets. also for the white house as well. back to you guys. connell: small gain for the stock percentagewise after-hours, susan, thanks for that. we said we would get back to the rising tensions with saudi arabia. certainly one of the reasons for
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the selloff in the market. david stockman joins us, david, a former reagan budget direct tomorrow good to see you. number of topics we could get into with you but let me start with saudi arabia and your view the best u.s. response given the financial interests the u.s. has in saudi arabia which the president brought up many times? >> we ought to recognize what our interest really is and our interest is not propping up this horrible saudi monarchy we've been propping up for decades. this place is now being run by a hot-headed 33-year-old thug who is literally murderous. connell: are there implications, implications hitting them too hard? >> no. i don't think there is. we have to the understand the price of oil is the price of oil. it is a world market. it doesn't matter what saudi arabia is doing. we don't need to prop them up. they're not our best ally in a bad neighborhood. they are our worst ally in a bad
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neighborhood. they are source of terrorism, jihadism, wahhabiism in the middle east than anyone else. maybe this will finally cause the scales to drop from our eyes in washington. they are committing genocide. they killed 10,000 civilians, many of them women an children in yemen over the last three years for no reason. yemen is a poor backward country. they can't hurt saudi arabia. connell: to be clear from a practical standpoint, not making moral judgment right or wrong thing to do is here, if we, being united states, cracked down hard on saudi arabia sanctions, what have you, are you telling us you don't think there is a financial market impact from that? >> of course there will be. i think the market will probably take a big spill but let's face facts. this is totally fantasyland. this market is so egregiously overvalued, it is looking for a windshield somewhere in the world to splatter on. if it is saudi arabia so be it. if it is rising interest rates
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which will keep going up, so be it but time for the fantasy to end and for to us recognize we have backed ourselves into a horrible corner. the fed has printed so much money, they have created so much liquidity, that the market isn't honest anymore. it is just kind of a casino, a gambling joint. connell: so your view is, you have articulated it here, okay we'll take that hit. we should be willing to take that hit but you have been bearish as anyone who followed you for any period of time knows for a long, long time. so what are your thoughts now just in general after seeing the selloff we saw in markets last week, continuing rising interest rates, anything changed you see in the world? >> it's a wake-up call we have a budget deficit out of control. we have a president that is clueless. connell: 5% cuts for each department yesterday? >> that was a pr stunt.
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he said i want 100 billion more for defense. we didn't need it. he wants to build this ridiculous wall. he is not going to be cutting homeland security or the justice department or anything else that i can see. the get is defense money. he gave the domestic porkers and liberals 65 billion of increased spending that we didn't need last february. so i'm telling you is, we're looking at a 1.2 trillion borrowing requirement in year 11 of a recovery unheard of. connell: right. >> at a time when the fed is finally waking up, shrinking its balance sheet the a 600 billion rate and that is going to be a collision like you've never seen before. connell: all right. >> they are draining the bond market of cash and the fed, treasury is flooding it with new borrowing. interest rates are heading up. 4% or higher. this market is premised on low interest rates, i think --
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connell: we have to go david, unfortunately. we'll get cut off. always great to see you as your mutual friend neil cavuto says we'll put you down as maybe. as usual with some strong views. melissa: striking warning to mexico. president trump threatening to close the nation's southern border as a massive caravan of immigrant inches towards the united states. so what impact could this have on the midterm elections? byron york of the "washington examiner" is next. connell: acting as his own spokesperson the aforementioned president trump taking the message to the people or trying to. will this style unique as it is, help republicans in november? joe concha from "the hill." media reporter. melissa: rooting outfalls information. facebook's latest effort to fight fake news ahead of the midterm election. can the tech giant shake its reputation, next? ♪
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melissa: president trump speaking out on the disappearance of jamal khashoggi. blake burman live at the white house with the latest. reporter: president trump was briefed here at white house by secretary of state mike pompeo who spent the last two days in both saudi arabia and turkey seeking answers in the disappearance or as many people feel at this p death of "washington post" columnist jamal khashoggi. as he boarded air force once a little while ago the president was asked if he believes khashoggi is dead. the president says, it certainly looks that way. it is very sad but still he and others are waiting on results as it relates to the investigation being done by the saudis right now. the president was asked if that is indeed the case, what exactly might the consequences be for saudi arabia? this was his response. >> it will have to be very
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severe. i mean it is bad, bad stuff but we'll see what happens. okay? reporter: the president began his day with a threat on twitter of a much different kind. as you have probably been following there is this caravan of roughly 4,000 or so migrants making its way through central america with the goal of getting to the united states and the president today threatened to shut down the southern border should that caravan proceed. he tweeted out the following, quote. in addition to stopping all payments to these countries, meaning central american countries which seem to have almost no control over their population i must in the strongest of terms ask mexico to stop this onslaught and if unable to do so, i will call up the u.s. military and close our southern border. he goes on to write, the assault on our country at the southern border including criminal elements and drugs pouring in is far more important to me as president than trade or the new
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usmca, the trade deal. hopefully mexico will stop this onslaught at our border, all democrats fault for weak laws. melissa, i assume we will hear from the president on this topic, later this evening. >> oh, that is a safe bet, my friend. that is a safe bet. blake burman, thank you. connell: blake burman goes out on a limb be every time. melissa: every time. connell: we have interesting data on our own polling we want to show you real quickly on some of the issues, what voters consider extremely important to determine their vote. this is where immigration ranks, it is not top issue, when we asked people, 46% said it is extremely important to their votes. if the president says if he wants to fire up the base to talk about. health care is at top, if you're in battleground states, iowa, couple times this year, in my head, anybody watching in any of those states, watch a commercialal a democratic candidate, almost to the
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candidate health care is the big topic. the president actually tweeted about it this afternoon. democrats are trying to hit the republicans on preexisting conditions. the president is fighting back against that. health care is the big topic. finally "wall street journal" lead editorial this morning that growth would be on the ballot. the economy should a good topic for republicans an extremely morn to more than half the voters we surveyed. a quick look going back to melissa at the generic ballot. people talk about all the time. you remember it was plus 11, plus 12, plus 13, plus 14, for dems. in the "fox news" polling it is still democratic advantage should help them in the house, it is down to plus seven. that is where it is basically in all the polls, melissa. melissa: good stuff with him on his feet there. here to react, byron york political correspondent and fox news contributor. byron, wow, what do you make
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about what voters care about right now? democrats hitting republicans on health care. everyone is hurt by that and it is always a mess. >> on immigration thing, if you break out republicans they rank it higher than democrats or independents. so it is a big deal for a base turnout election, if the candidates are really trying to get their base out, not trying to persuade the other side as much or trying to get the base out, that is a big deal. it is why it is important for the republican base to be happy with what they see president trump doing about this current caravan issue as well. melissa: yeah. so when you see this caravan marching towards the southern border, what do you think the president's response should be? i mean it is smart to kind of get ahead of it now as you see it coming towards you, to try to force mexico to do something about it? he is telling mexico to stop it or, they jeopardize this new trade deal. that is a strong move. do they do anything about it?
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>> the president actually has a lot of options. one, we heard him talking about stopping all aid to these countries. i think the united states gives about $145 million a year to guatemala. about 87 million to el salavador, 105 million to honduras. these are not huge line items in u.s. budget. melissa: they're tiny. >> but they are bigger for receiving countries. that is one move. the push to mexico stop the migrants before they enter mexico. they have to go 1800 miles to the u.s. border. you're right the president is getting on this early. finally of course, the president is the commander-in-chief. he can call out the national guard to supplement law enforcement at the border. there are a number things the president can do. if this caravan doesn't break apart or stop or just kind of peter out, all of which could happen, if it doesn't, the president actually can do some of those things. melissa: yeah.
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we'll see. i mean you think it is politically smart for him to send the national guard down there real quick or send armed forces down there? is that a bad visual? >> he sent the guard before to help the current law enforcement. he could do that again. this idea of sealing the boarder, this group is coming to confined part, small part of the 2,000-mile of the u.s. border. it would not shut the u.s. border. it would deal with a particular problem in a particular place. melissa: byron york, thank you. >> thank you, melissa. >> we're talking about the rocky road to the midterms. the president is set to stump out in montana tonight. it's a key race in the senate. it could play a crucial role possibly flipping the balance much power. we'll take you live to montana, next.
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expensive in u.s. history. peter doocy is on the ground in montana with the latest. peter. reporter: just had a chance to ask senator tester about one of the president's latest taunts on twitter ahead of the president's rally here in montana for the republican challenger for that senate seat, matt rosendale. the president wrote this, ever since vicious and totally false statements about admiral ron jackson, highly respected white house doctor for obama and mean, jon tester looks to be in trouble in montana. he based worse than the democrat mob did with justice k. tester says it wasn't him. >> i didn't see the president's tweet but i didn't make those statements. those were accusations came from military people, both active military and retired, he withdrew his name from his, from, the nomination process after those accusations were made. reporter: tester says he wants to leave the ronny jackson saga
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in the past so he can focus on future and current va secretary robert wilkie who he voted for. matt rosendale is not ready to let it go. he says tester's treatment of ronny jackson gave democrats a road map to disrupt the kavanaugh proceedings a month later. >> jon tester came out several months ago, performed the same type of character assassination on ronny jackson and so he invented thisser. >> tactic that the washington democrats are using and dianne feinstein perfected it when she came out and performed her character assassination on judge kavanaugh. reporter: republicans are counting now on talk about ronny jackson to motivate their midterm base here in a state montana where one out of ever 10 residents is active duty military member or a veteran. melissa? melissa: i love his defense. i didn't do it. it wasn't me. it was perfect. peter, thank you. that is what i always say. it wasn't me. connell: does it work? melissa: well --
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connell: that is interesting race. could be a republican pickup, montana. melissa: that will be interesting. connell: see how it plays out. booming economy less than three weeks before the midterm elections. the president's approval rating ticked up a bit, what does it all mean as we head into november? presidential historian doris kearns goodwin will join us next twenty-six i n the last decade. allstate is adapting.ade. with drones to assess home damage sooner. and if a flying object damages your car, you can snap a photo and get your claim processed in hours, not days. plus, allstate can pay your claim in minutes. now that you know the truth... are you in good hands?
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definitive conclusions about who ordered jamal khashoggi's killing. this is according to a new interview with the "new york times." the president going on to say that he is confident in the intelligence reports that suggest a high-level saudi role in the alleged assassination. so that settles everything. connell. connell: yeah. all right, with all of that in mind, let's take a look at some numbers. the midterms of course on the mind of voters. fox news polling show 47% of voters approve of the president's job performance, up 3 points from where it was in december. 10% where it was this time last year. 49% of voters approve of the way president trump is handling the economy. which should be a strong issue you would think for him. talk about it, how this maybe compares to president's past with doris kearns goodwin, presidential historian, author of a terrific new book which i happened to be reading, "leadership in turbulent
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"times"". i am glad we're able to get you on. is there a time you compare what we're going on now politically to compare it to? the president's rating ticked up historically loy, even though the economy by most measures, stock market sell-off notwithstanding seems pretty good. would you compare this to anytime in the past? >> normally the economy is important in the presidential elections but midterms is presidential disapproval. discontent targets on the president. structurally it is hard for the election of the party in a midterm election anyway because you have had bigger wins during the presidency. somebody said you have a bigger backside to spank once the midterms comes but there are times, in 1966 the economy was doing great under lbj, 6.6% growth he lost midterm election because his approval rate because vietnam was heating up. exactly right exactly right. connell: vietnam.
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personal preference or personal behaviors, people don't like him but isn't it odd for a president to preside over this type of economy not to be popular? >> absolutely. the economy is way people think about their lives, daily jobs, how they feel about themselves. that is the critical factor in a general election. somehow these midterms are different animals. normally if a president's approval rating below 50%. it does suggest a losing presidential midterm for the party. the fact it ticked up could mean good news for him. if it continues to rise, he is in much better shape than he was a year ago. connell: you write in your new book about subjects you written about in the past. you wrote individual books about abraham lincoln, everybody, team of rivals people heard of, the roosevelts, teddy and fdr, lyndon johnson you worked for after he was president. you talk about making comparisons, working through adversity, comparisons in leadership styles. where, might i ask would this
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current president fit in? to whom might you compare him? >> i think the most similar comparison is the turn of the 20th century and teddy roosevelt, because the turn of the 20th century, industrial revolution shaken up economy much as global revolution. gap between rich and apoor, immigrants pouring in abroad, mood of anxiety, a populist per have develops. teddy roosevelt was colorful character, center of attention everywhere he went of the he wanted to be the baby at baptism, bride at the wedding and corpse at the funeral. he was able to mobilize that turn it into reform in congress, stayed arranges sight and made people feel a sense of forward -- connell: i bet president trump would like the comparison or are you comparing the times than the leaders? >> i think it is the times. some ways the differences when teddy roosevelt came in he was able to talk about a square deal for the rich and the poor,
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capitalist and wage worker. he was able to bring both sides together. he had the base. he was able to expand the base. one keeps hoping for president trump at some point if he grows in office he will be able to expand his base to unify the country which teddy was finally able to do but took a while to do that. connell: i wonder, doris, great to see you. i think teddy would have been big on twitter. >> he would have. speak softly, carry a big stick. connell: that would be a huge tweet. >> how about this one this don't hit until you have to but then hit hard. connell: come on. >> gave maxwell house the slogan, good to the last drop. he would be perfect on twitter. connell: tens of thousands of retweets. doris, great to see you. the book like all books is terrific. doris good win. teddy roosevelt on twitter. melissa: take more time of crafting. the tweet, boom, you have a little while to think about your things is the whole big stick? huge. melissa: cracking down on fake
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connell: so this idea of fighting fake news. facebook is launching what it is calling a war room at its menlo park headquarters to try to root out misinformation ahead of the midterms. companies making a big deal showing this off to reporters like claudia cowan from fox and has the details for us. reporter: following the serious election meddling that happened two years ago, facebook said it is quote, laser focused on cracking down on fake news and bogus accounts. so that end the company is showing off the new war room here in menlo park, a converted meeting space where dozens of security experts, data scientists engineers are working around the clock ahead of the midterm elections. we saw them monitoring posts on
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pages, links in real time to root out bad actors trying to mislead users about who they are and what they're doing. >> if i am representing to you i am independent but actually i am running 50 different pages together and they all look independent, but they're not, they're being coordinated that is example of inauthentic behavior. reporter: the war room noted on efforts to manipulate voters in brazil that claimed the august 7th election would be postponed for a day because of protests. when content is flagged the company will take it down, reduce the distribution and let users know what the true story is, so they're better inform. it is a lesson learned the hard way after ceo mark zuckerberg acknowledged that rush shurn agents abused the social media platform in the 2016 election. thousands of fake stories were posted every few hours and in front of congress he vowed to tighten security. facebook admits it can't catch every malicious page or post but
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says that having a war room with so many security experts working side by side, at least improves their odds of catching fake news and taking it down before any real harm is done. after the election on november 7th, the team will reconvene to assess how well the defense strategy worked. in menlo park, california, claudia cowan, fox news. connell: definitely interesting. they want people to know what this is doing. melissa: whole war room set up. take pictures of it. i'm sure we'll know exactly how well it works. connell: day after the election according to claudia. melissa: i don't know. a little self-examination. anyway, pushing his own messaging president trump is taking the reins dealing with media. joe concha will tell us if he thinks it is working. that's next.
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melissa: captivating unconventional. eric trump telling fox news the secret to his father's unique communication style that set him apart from his predecessors. >> no question he is his best spokesperson. he is incredible. he carries a message. he is unconventional. people are sick and tired of conventional politicians, sound bites, man cured and rehearsed vetted by 400 lawyers. that is how my father is. once in a while he won't be politically correct. that is why people tune in. why they love him. melissa: once in a while. here is joe concha, media reporter for "the hill." he has obviously taken a very aggressive approach at the midterms. he has done 5000 interviews in the past 24 hours. connell: fake news. >> fake news. he is all over the place. do you think this is an effective strategy for the entire republican party as everybody is out there in the
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midterms? he is not on the ballot but obviously he is is on the ballot? is it working? >> i'm saying 5,000 interviews there may a hyperbole. melissa: yes. >> he is has been as active, melissa, wee seen him since he took office. he is his own best spokesman as eric trump just said, candor, unfiltered, people thought that would be his undoing going into the election, hillary clinton hoe imaginized, pole tested in places like michigan, pennsylvania, states that matter looked phony. who is the spokesperson for the republican party right now? it is not paul ryan. he has one foot out the door. mitch mcconnell, not exactly electric in interviews. he doesn't do a lot anyway. your guy at the top will be the spokesperson. when you look at party loyalty, you look at "gallup polling," president trump is polling higher in terms of party loyalty, people liking him than any president in history. george w. bush after 9/11. put an asterisk.
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overall this is the guy want to speak for you. melissa: this is argument with democrats. go to the district, there is huge gender gap between men and women in the republican party and republican party and democrats when it comes to women. look at that. go to a district where you have two people running against each other it is going to be decided on by female voters. when the president is out there talking all the time and inevitably says something like horseface, that it hurts the republican candidate in that specific district. do you buy that? >> i buy it somewhat. i would buy it if approval numbers were lower. in the "real clear politics" average it was 37% in december. i would say absolutely he is toxic. it has risen six points since then. it is kind of steadied and leveled out in the mid 40s. i don't know if he hurts or helps one way or another. what i do know we're barely talking about issues going into the midterms this is referendum on president trump. no question. not even on his policies. based it on gdp above 4%,
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unemployment under 4%. north korea not lobbying missiles over japan or united states or ire sis, 98% of the caliphate destroyed in iraq an issue, his record on big issues is very good. this is about president trump's persona. who ultimately can get the vote out more. the p trump believes more you see him, gop voters will say i don't like to the establishment guy i vote for the swamps but if it means president trump gets his agenda done, i will hold my nose and do it. president trump reminding a vet for them is really a vote for me, melissa. melissa: interesting. he is betting it all. out there doing all the rallies. good to see you, joe, come back soon. >> absolutely. melissa: see you soon. connell: it will be interesting and see how that works into the midterms and saudi arabia story with the president talking about it earlier. something will happen basically what it looks like right now. melissa: without question. connell: a matter what it will
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be of the president used the term earlier, severe consequences that leads us to the fact something is coming. just a question of from the united states. markets seem to know that president talking to reporters on his way to air force one about the missing columnist jamal khashoggi. certainly looks like he is dead. we'll have more what he had to say and what it all means. coming up next. ♪ the ..
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fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. >> more breaking news right now i'm a top story we've been covering this hour. president trump stand the consequences for the alleged killing of "washington post" columnist, jamal khashoggi quote should be very secure untreated severe peer >> the administration with intelligence agencies from other countries to get what he described as definitive conclusions. murtha looked like earlier this week the questions being asked of the administration was our day may be looking for a way out of this without sanctioning the saudi's are the question seems
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to be what will that quote, unquote punishment be? >> u.s. officials have to hear those tapes that supposedly exists. they need to have some insight into what's really going on there before anybody can make a call. i does it for us. >> that does do it for us. "bulls & bears" with david asman starts right now. david: from wall street to washington and across the country we talk about topics that matter the most to you and your money. this is "bulls & bears." hi, everybody. thanks for joining us. joining me on the panel today, our very own christina parts and nonetheless. took me a longtime remember that game. liz p., jonathan hoenig of the capitalists is hedge fund in gary kaltbaum, president of cult capital management came on the way from florida to be with us
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