market's been going the last couple days. amazon announce about the ones everybody was looking forward to in sales for amazon, the forecast not a hot given by gains from today. david: jamar watching closely for the third quarter from us to make sure you tune in. you don't want to miss that. connell: exactly. "bulls & bears" starts right now. >> from wall street to washington and across the country talk about the topics that matter most to you and your money. this is "bulls & bears." lauren: i am lauren simonetti and for david asman. jordi niemi on the panel commentary kaltbaum president of kaltbaum. kevin harnick of -- and the lovely heather zimmer right, vision or vice president. we should tell you that gary and

jonathan are both fox contributors. take a look at their spirit the party returns to wall street with all three of the major averages rallying big-time today. the dow climbing 401 points. even after yesterday's big 600 plus points aloft. everyone getting a big boost from big tech today and we've got some big news "after the bell" from amazon and alphabet, the parent of google. both on earnings but missing on revenue. here is where they are trading right now. amazon down 7% and alphabet down about 5%. guys, would you make up more revenue? this time coming from two big tech companies. >> glad to see a little bit in the markets. this is a weak stock market. look at the results "after the bell." the stock selling off. i want to be able here and again happy to see some kind of a bounce back, but so few new highs. i wonder if one's spirit does

not make a spring is appropriate here. >> these two are big gigantic bellwethers for the nasdaq 100 to nasdaq in the market. amazon and google and a market that is already very weak regardless of what happened today. this is not going to help markets regardless of what earnings are coming. >> it's not going help markets tomorrow, but the big bounce that we had today, the bounce back in the markets after the dow was down 600 points in the dow yesterday, is not a positive for the market? >> i don't think so. down 27,000, 400. i think the market has a lot to deal with and as jonathan said, this drop recently didn't come out of thin air. the market was in bad shape before october. foreign market -- tough to watch. >> everybody needs to note that today amazon was that pretty significantly said they were up

almost 7% during the session and now they're selling it off. the problem was the revenue. normally amazon is a revenue juggernaut. people don't really focus on earnings because they can instantly reinvest in their eyes. when you look at what happened yesterday with microsoft doing exceptionally well in the cloud. theropod revenues up 76%. i should've translated into amazon doing exceptionally well in the cloud. lauren: i'm with you, kevin. it was on the revenue, slight mist, slight miss but it was a mess and it was the guiding spirit all about a change in there. amazon's holiday quarter came in quarter came in week and that is concerning many investors out there. >> they're also talking about facts that they've had in some cases 100% runs in the last year. even the high-tech talks. it hasn't been all color. it hasn't been general dynamics or ibm. those stocks are up 52 to close. it's been these high-tech

stocks. lauren: generating 37% on average since 2014. this year netflix is up 70% and amazon still up 40%. but they are struggling in the key final quarter. >> the good news is they've had a monstrous run. the bad news if it had a monstrous run because they were overrode, overleveraged and that is when trouble happened. amazon is going to open 20% below the recent highs. that really affects the embassies and also the psyche of the market that's been under pressure already and not the big worry as we move forward to the end of the year. lauren: heather, do you bite amazon and alphabet at these prices? is the bright right for investors? >> you have to wait for investors to ingest earnings after-hours. i know what i positive for the stock because they have revenue, the earnings were big lots for amazon and i do think the holiday shopping season will be a positive. in the 18 year high.

the economy is still doing very well. earnings across the borders all doing well. i think i would wait, let investors digested its earnings from google and amazon. let's see how it plays out to myron the market. >> here's the moral of the story when you look at amazon. 50% come from third-party distributors meaning they're not having to worry about the cost of goods sold. just doing fulfillment when you look at the clouds doing exceptionally well. 80,000 customers bring on new databases for artificial intelligence. i'll continue to grow into exceptionally well. >> we invest in the stocks themselves. companies like microsoft, cisco, which topped out in 2000 basically didn't return to those levels for 13, 14, 15 years even though companies continue to make more money. >> that had to do with the valuation situation.

>> dallas lawrence question. you think amazon fairly priced? >> and a focus on what they're doing with the revenues and guidance in this gave an opportunity because they always have a wide moat when it comes to earnings, but on the guiding factor revenue, it wasn't a huge disappointment. stock selling off a little bit here but though continued the next three, five, 10 years. i'm not necessarily worried about one quarter heading into the holidays further word of little bit. lauren: they also play their employees $15 an hour. oracle cofounder larry alison fleming google and other big tech names for their unwillingness to work with the u.s. military. while still entertaining offers from china. speaking exclusively to maria bartiromo. >> i don't see how a company like google can say okay were going to aggressively pursue business in china and stay away from doing anything with our

u.s. military. it's a terrible miscalculation. u.s. tech companies who say we will not support the u.s. military. who would not work on any technology that helps our military, they get goes into china and facilitate the chinese government surveilling their people. it's pretty shocking. i think it's very important that the u.s. technology companies support our country, our government. we are a democracy. if we don't like our leaders we can throw them out. if you don't like the leaders in china, you can fill in the blank. lauren: is what google doing here a slap in the face to the country that made their rights possible, guys? >> i have four words. i love larry alison. think about this. this is a message to brennan

page. your multibillionaire fly on 740 sevens. an unbelievable company. what an opportunity you had to hop of the country in defense of this country and the great men and women of the military. and what you do? we're just going to take a pass. the only reason they do this is because they have monopoly on search. you've got to keep going through them because if they had to worry about the business, and maybe they think twice. this is such damn shame if you ask me. >> google's model is well the evil. they're not working at the u.s. military. china is a mixed economy in a mixed case but they're running this unbelievable surveillance state. the google is participating in ed and is pretty despicable and it hurts the stock. >> it's pretty important it seems like a political move in this regard. it doesn't seem to be a business decision because one of the important things government

contracts, once you get than they are cash cows going forward. i think it's hypocritical for them to align themselves with a regime that is to have lots of human rights abuses and actually doesn't treat their people very fairly. you have people vanish all the time over in china for dissidents. it's one of those situations that i think they're trying to appease certain stakeholders, and namely nancy pelosi, maxine waters. they are trying to align themselves with those politicians that have protected them in the past and i think that's what's really happening here. lauren: they are catering to their employees. many are very liberal. they put out this list of seven principles the company is going to abide by when they do with artificial intelligence to make sure no harm is done. some of these contracts they said they wanted nothing to do with and he turned on his pentagon contracts. had to do with stuff like analyzing drone footage. what is the harm in doing that? this is interesting.

we are getting into to tech companies. the one in the u.s. and the tech companies in china. they are going to be two different regimes and never once got to figure out how to play in both. >> lauren, if i could just say there's different here. google had previously not wanted to offer up their search availability because of china's censorship. but to offer some element of comic dignity for these people as a positive. to turn around and say i'm not going to work with the u.s. military, the folks protecting us. >> that's a political statement they're making. they have to address it. >> make billions off of americans that don't help the people that defend americans. that should be their motto right now. i have to tell you i believe in just a logic in what makes sense or doesn't. there's no logic to this decision makes no sense whatsoever. >> google had a good cry after president trump won the election in a town hall and they all got together, cried out.

they were giving each other hugs. what does it mean for us? it means they are signaling they don't want have anything to do with his administration and they'll fight back. lauren: but you're going to get in bed with the communists, leadership? >> it begs the question if it was a different president would they then be backing the military? lauren: you know what, stay tuned. 2020. discovering to more suspicious packages earlier today. one is joe biden of delaware. the other in lower manhattan joining us now with more on that is fox news correspondent jackie heinrich. what is the latest? >> that evening, lauren. amid high tensions there. notice that package addressed to robert de niro. he said it looked the same as the ones he had seen on tv in an x-ray revealed a pipe bomb the packaging was similar to the ones into the nine other critics of president trump.

around six and the n.y.p.d. bomb squad cleared the area safely moving the device in total this morning three more explosives intercepted before reaching their intended recipients. two were sent to former vice president joe biden, notably no longer protecting the secret service. the packages were flagged by u.s. postal service u.s. postal service workers at facilities in delaware. for the 10 total bombs found here in new york where governor andrew cuomo has to play the national guard in the hunt is now on for a terrorist. >> this is clearly an effort to terrorize people politically, to choose people for political purposes and attack them because of their beliefs. that is the kind of thing we have seen before in this city and we rejected them we will not be intimidated by it. >> investigators believe all 10

packages were sent by the same vendor. of the seven of those packages have their address list is democratic commerce woman debbie wasserman schultz with her last name notably misspelled. each bomb contained a small battery about six inches long and also revealing they were packaged with powder and broken glass come intended to become project files. that information comes from one official. speaking anonymously because of the ongoing investigation, police are warning average citizens to be on alert saying they don't know how long this will go on. >> or heighten awareness in the seats will factor in a very large leg would n.y.p.d. does on a constant basis. reporter: and a package that has protruding wire isn't oily stain or an odd smell should be immediately reported. lauren. lauren: thank you to all these brave folks these days working in the mail room. companies across the country.

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>> tensions escalating between the current administration in china. now refusing to trade negotiations with a concrete proposal to address washington's main complaints. how is this going to play out? jonathan. >> it's going to play it extensively unfortunately for a lot of americans. >> washington prices have gone up. deal, ford motor co., caterpillar and every major company has been talking about this cost on the bottom line. we subsidize the companies too. i don't see how the chinese will want to come back to the table. >> costs are going up across the table. their prices are going to go up,

but the flipside is you have goldman sachs noting that inflations from tears may be three tenths of 1%. train to the tariffs are expected to hundred billion dollars. if i were preaching at what they hear is our play ball. on october 1st guess what our framework dealing with who's going to be the framework we had the sector one has to do with intellectual property and that's where the true cost to the american consumer in our society is going. the third one is strong discipline on state-owned

enterprises. 50% of american intellectual property. >> wasn't it supposed to be a negotiating tactic? this isn't going to be trade war. you not see prices go up. this is a negotiating tact that. as in china: the president's bluff? here's the worry. china doesn't have elections. we do. they are getting hurt by this. that's the amazing part of the equation. their market has been crashed. one would think they would've come to the table. this is about a political maneuver and every day that goes by is a cost. ford, 3m and the industries have come out during guidance and said this is a worry going forward. lauren: weaker gdp for the last quarter tomorrow in the u.s.

coming down from the four plus handle that we had here china's talking about what if we do tax cuts because consumption is actually 80% of their economy and stimulus name out -- might not work anymore. >> they are over levered by the way. the biggest thing people are worried about is the debt cycle happening over there. i think china's problems are not pervasive throughout the entire emerging market. it's one isolated country and it doesn't necessarily have to do is just the united states and our trade imbalances. it's going to be when it's politically convenient for the communist machine. >> they do so much trade, though. they are major trading partners. >> we are not exactly modeling them.

we are taxing our own citizens in hopes that china turns around and decides to stop taxing their citizens. this ends up being a cost to the bottom line. some of them might be cheering about this, but they are america's bottom line. >> if we have these meetings are nothing but done nothing good happens every day and again i read companies reports. i listen to their conference calls. the tariffs are coming out for many, many companies and this is an issue the president has to deal with the rails. >> we're talking about s&p 500 companies. if you look at small businesses and medium-sized business is, they're doing well and not necessarily complaining about tears hitting complaining about tears hitting them as much. what they complain about his not being able to hire the right people. we have the current skills gap where they're getting raises to people just so they don't do their jobs. i think we need to separate out the large multinational

corporation like the google are we just talked doing business in china from the small businesses doing well. >> was just hope something gets done sooner rather than later. >> we want to protect their intellectual property. we want more access, free and fair access to the market and address subsidizing and dumping in state-owned enterprises. lauren: small business can compete against chinese company knocking off items that are doing well. chinese companies are then dumping them on amazon. >> the result is to tax americans. the result of that is to tax americans. it seems like china so far. >> jonathan, you're not getting invited to the white house. train to different negotiating styles for each president. president trump is very rash and impetuous and he might go into a

meeting and telling us that these are not then he changes his mind and he doesn't do that thing. it's probably quite the opposite president xi jinping, so maybe their ambivalence to actually show us their cards at this point. >> speaking of president trump calling for an end to what he calls a raid system, demanding medicare negotiate lower drug prices. next.

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>> americans pay more so other countries can pay less. very simple. that's exactly what it is. it's wrong. it's unfair. it's not surprising. i've seen trade deals where it's far more costly. under our new plan, the department of health and human services would allow medicare to determine the price it pays for certain drugs based on the cheaper prices paid by other

nations. at long last, the drug companies in foreign countries will be held accountable for how they rate to the system against american consumers. this is a revolutionary change. nobody's had the courage to do it. >> president trump unveiling his plan for lowering the cost of drugs. focuses on medicare negotiations and benchmarking prices against certain countries. guys, your thoughts? >> listen, i love it. a good thing to start addressing the complex and convoluted supply chain we have with drugs aired the drugmakers are pointing at the pharmacy benefit manager say the costs are coming from them. pointing at the drugmakers. here's the thing to take away. remember when the fb pen went up for no apparent reason and pricing. i think this type of messaging will stop that type of policies coming from the drugmakers. lauren: trying to fulfill a campaign promise days before the midterm elections and the number

one issue for democrats is health care. >> nothing like poll numbers say not the number one word for americans is health care and doing it two weeks before. i applaud the president it's a tough road. everybody's out, and lobbyists are worried about their concerns about all this. they're going to go crazy on it. good on him. i believe pfizer is going to raise prices come down. if you can get this done nugget this president -- >> you quickly called out pfizer. >> but he makes the pharmaceuticals the bad guys. >> it's not only president trump. hillary clinton had a tree. drug rises -- >> all politicians make big business the enemy these days. he said they rigged the system. it's the system that's the problem. before obamacare, government paid for over half of medical expenses in this country. trump ran on getting rid of obamacare.

i applaud any steps he's taken. what's he going to replace it with? a move towards any true free market in health care. positing the plan to wind down the fda. >> better than the alternative democrats are laying out their is going to cost 32 trillion called medicare for all. i want to point out the administration has done a good job in revamping the fda in getting gottlieb and there is the commissioner is starting to change a lot of the way drugs are getting through the system and coming faster. i think the administration is starting to take the right steps to address this because the average baby boomers turning 65 every day this year and so we need to address this because those are the entitlement to medicare, medicaid social security crippling the system every year going on. >> always really trying to do is benchmark drug prices for 16 other nations that collectively their prices are 44% lower than ours. if he can get that done.

44% lower. he wants to get them lower and get the businesses to get them lower, fine by me. one of the biggest cost this country has is health care. whatever he can get done. tree into the high price of drugs is a cause anxiety for so many americans are a timely political move but also a big problem. if you look at you look away big pharma spends on mats, $6 billion a year. i couldn't believe this when i read it. we see on average nine drug ads every single day. >> disclaimers about everything you get. the list prices of the drugs on those ads. >> advertising you know, showing an ad. you mention you think the president pushing us in the right direction. earlier today he talked about essentially promising preexisting conditions wouldn't prevent anyone from getting health insurance. this is exactly what democrats ran obamacare on.

so what really is the difference between obama and trump? >> i will tell you this. the difference is the associated health plan they wait out after they lost the votes in the senate when they were trying to get through their health care proposals. they started to look at the rules and regulations and decided to enable associated health plans which will lower cost because you can get groups together that can negotiate with the drug companies on the prices and i think that is a big step. to answer your question that's what it's doing very well for this administration, jonathan. >> defense secretary james mattis is expected to deploy at least 800 troops to the border that the migrants caravan arrival. kristina partsinevelos is at the white house at the details. >> 800 troops supposed to be used for logistical support only. senior u.s. defense officials told fox news today if anything at the pentagon arty looking into it, already plan in it, already plan in a market with

lawyers before they present the plan to defense secretary jim mattis is expected to sign off on this. expecting some news in the next few hours or early tomorrow morning. so what we do know so far is the expectation that these are not going to be combat troops. these are expected to be possibly reserve troops, active duty, engineers among lawyers, medical house. the president early this morning watching fox news in the morning and hopefully you switch to fox business and he weighed on why the democrats are to blame for this in the tree. he wrote, brandon judd at the national border patrol council is right when he says on "fox and friends" the democrats inspired like to make it tough to stop people at the border. i am bringing up the military for this national emergency. they will be stopped. if these troops are deployed, they're not allowed to act as law enforcement. that's enacted in place for quite some time.

they are there to support the border patrol. there's a distinction made there. they're not going to be on the border with their armed weapons. they are expected to have only armed weapons for self-defense and that's it. so far this isn't the first time a sitting president has deployed troops to the border. you can't do with obama. if i do with bush. under obama's administration they put forward 1200 national guard under the bush administration. they've put down 6000 national guards. so far and are president trump we see about 2100 card that could go up to 4000. right now we are asking for an additional eight housing. if you look at the cost, though, we don't know how much the cost will be under the president right now, president trump because we don't know how money will be there or how long it will last. under bush and obama the cost came up to $1.35 billion. what we know for today is these troops could be deployed as early as october 30th if it comes this way. back to you guys.

lauren: i'm sure president trump eight and switched to fox business. thank you. coming up, oracle cofounder larry alice and plastic giants were political distortion. don't go anywhere. "bulls & bears" will be right back. (roger) being a good father is important to me so being diagnosed with advanced non-small cell lung cancer made me think of all the things that i wanted to teach my kids. (avo) another tru story with keytruda. (roger) my doctor said i could start on keytruda so i did. with each scan things just got better.

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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. >> welcome back. oracle cofounder of the ellison a tech giants for the progressive cultures. here's more from maria bartiromo's exclusive interview this morning. take a listen. >> these companies are responding, responding in a way the employees preferred them to respond. the employees want google to do progressive things. facebook wants, you know, facebook to do progressive things. progressive things, apple employees want to do progressive things come a majority of

things. when apple refused to unlock the phone of terrorists who had committed mass murder. >> san bernardino. >> san bernardino. so does people are entitled to privacy. and apple will decide that the phones can be locked. apple, not the court, but apple would make that decision is just bizarre. i mean, it shows the political distortions that can exist in some of these companies. >> ladies and gentlemen of and gentlemen about to get your thoughts on the spirit is to show you, lauren. you've covered how jeff bezos has been extremely critical about the other companies. what is your take on this? true to larry ellison is right and i think the tide is changing and it's changing faster and first in europe. a regulation coming on big tech

companies to work in a different manner. it's starting there but it's happening here. we'll see some sort of bipartisan support for regulations in the near future. >> politics and business don't mix. lauren: this a security, this is the politics. >> basically a lot of the corporate cultures of the successful media companies and technology companies happen to be in his word progressive. they do progressive things. wasting a lot of money on green energy in all this other cockamamie business, think that employees don't own the company. >> you have to take into consideration all the support going on. politics and business wire is thousands thousands of lobbyists in washington from these tech companies catering. >> because of the regulation. >> as long as there is vital to pull, pull the title coming out bureaucrats. >> let me say this again. i love larry ellison.

he is right. there's such bias on google searches, facebook, twitter feeds. absolutely ridiculous. the amazing thing about it these are the ultimate capitalists and billions and billions of dollars yet they love the flat his policies. i just don't get what they're coming. they need to sit down for 15 minutes am all excited in the real world and get them on the dark side. it's amazing to watch these people. >> just tune into the show. trying to explain it right here right now. have there, where you see it going from in regards to these tech companies. this is starting to boil over. >> at the fine line. free-market capitalists against government regulation, that is tough to advocate for more regulation. if google has a monopoly over search result, then you have to get involved. you can use being. who uses baiting? >> i've never heard of pain. your default search engine.

lauren: and that's hurting them in a sense because that's money coming out of their bottom line and that might be changing. obese europe is trying to get back to change. >> you see now that we have those annoying cookies that we have to click in that every single time for them here which is really annoying that it's starting to protect us because we seem privacy issues, especially when it's happened with facebook. >> i hate regulations that these people need a talking to. it is skewed so bad to the left. we know it and for them to come out and say it is almost laughable at this point. lauren: diu may be a great amazon second headquarters might be some were very red. >> northern virginia or montgomery county. >> it's going to be virginia. >> pittsburgh many months ago. here we are with our hands out for more, but we're going to have to leave it there because

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"wall street journal" reporting that acceleration government bending in particular the defense sector has fueled economic growth after the last year and a half. what you make of this? government spending is bad for the economy. heather does that make a difference of its government bending of the much ignored military or the last nine years? >> i think standing military is necessary right now. when you support strong national defense. i mean, that's what the country was founded on end without that americans won't have safety and security and that the fundamental need. ultimately our spending needs to be addressed and president trump actually said i don't know if it's at 15 or f-16, that we should negotiate. such >> government spending of taxpayer spending and deficit spending.

the last year clinton government spending was one point a trillion. this tier 4 trillion. never, ever thought they would get their hands into everything, everything we do on a daily basis. 4 trillion is coming out of the economy every year in efficiently and in effect delay. military fine. but listen, the one job of government is to defend the citizenry. that's fine. everything else my goodness gracious is so out of hand. >> i think the lead-in was defense spending is booming economy and i just don't think that though. i think it is actually sound fiscal these. it's booming lockheed martin the defense industry, but it's important to note the fiscal policies are driving this economy. people know how to spend their money better than the government does. i will not push back on the government trying to spend more money on defense than an especially when it comes to

cyberwarfare. we've seen north korea deploy that time and time again which they tend to be a proxy state for the chinese government who has their hands up saying we can't control them but they're pushing them to do something the other way. defense spending business very common with god to keep it under control. >> no one loses martin's government spending the night. why do we have a government at all? [inaudible] >> exactly. i'm happy to see government spending on defense. i'd like to see cuts in other places especially with interest rates rise. >> did in the president made each of these major agencies find out how 5%. >> that is a fly on an elephant's rear and will not do anything. the biggest problem we have going forward is next year the first 500 billion of precious taxpayer dollars is going

towards interest in a few years it's a trillion dollars. that's going to roads, bridges, elderly, indigent. everything that needs money is going towards interest. we've got a change that. lauren: iran, north korea and other countries. >> service our debt payments. that's a problem as interest rates rise. affiliates. the congressional budget office cbo says the deficit is that 32% this year and we've increased the deficit to 900 billion a year from about 680 billion under president obama. where are all the republicans? >> when it comes to the president talking about the cuts in the budget, it's actually the growth of their budget because every year budgets keep getting bigger and bigger. it never goes down. after showing it to be addressed here. also we think about the new agencies that are created

especially under the democrats. the cf tv, the consumer protection -- >> ankeny beachy. >> the russians are actually the biggest threat because they're growing and doing a space for us. i'm not against a space for spirit i think it's actually pretty critical. >> one thing were keeping an eye on is a beer name. one was getting hammered on wall street. we will tell you what's up with that next. newa smart by letting you make and receive calls from any device using your business line. and conference calls you can join without any dial-ins or pins. (phone) there are currently 3 members in this conference. i like that. i like that too. i would use that in a heartbeat. get started with innovative voice and tv solutions for a low price when you get fast, reliable internet. comcast business.

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reporter: anheuser-busch will be cutting its dividend in half as beer sales go down. >> i like the hard stuff. sales weren't just down, but 10% down. fake weed, everybody is getting involved with weed. they think it's the next big thing. i don't. >> gary, it's called cannabis. they don't like calling it weed. you see coca-cola getting into

it. >> we see coca-cola putting cbd into some drinks. we have 27 states where there is some form of medical. it's only amount of time before jeff sessions gets his act together. reporter: do you drink whiskey? i'm told it's the beverage of choice among millennials, along with cannabis. whiskey, no. i'm all vodka. but for the guys. budweiser said michelob ultra was popular among the guys. the beverage companies have to transform themselves. a decade, a decade and a half

ago you saw pepsi diversify getting into flavored water. >> i think it's important to note a lot of the coca-cola missed out on the energy drink wave. that's why you see monster do well. so they are not going to miss out on the cannabis futures. they have been losing out to hard alcohol. >> is craft beer still popular? you have to try to get on a secret his to get the stuff. >> it seems like the stakes have been raised in the beer stakes. it seems like people are opting for pegsized products as against the kind of name brand, buds and bud lights they are tired of.

>> people are become more health conscious and that's a good thing. stay off the weed, gary. you know, thanks, guys for your input this afternoon. it was great, it was fun. go have a beer. that does it for bulls and bears. reporter: the border showdown expanding. 800 support troops move towards the u.s. border. president trump calling this a national emergency and vowing to stop it. at this hour forensic experts across the country trying to piece together who might be behind 10 suspicious packages sent to 10 prominent democrats. gina haspel briefing president trump on what she learned in turkey about the killing of the