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tv   FBN AM  FOX Business  October 30, 2018 5:00am-6:00am EDT

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we thank you for being with us. let's take a look at who's coming up next. you know what? i'm going to say thanks for being with us tonight. see you tomorrow. good night from new york. >> 250 billion or dollars. 250 billion dollars and 267 billion dollars waiting to go if we with can't make a deal. esmght deal or no deal. president trump getting ready to slap new tariffs on chinese goods if there is no deal on trade. stocks selling off hard. >> a trade tension leading to wild i had trading day with dow swing other 900 point from high to low ending down 245. yesterday session now to the big story. the focus is going to be on technology today. took is reporting their latest quarterly numbers futures right now pointing to a higher open the dow up 67 and s&p up ten and
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three quarters nasdaq up three and a quarter. no gene in red across the board. the paris and the frankfurt markets down half of one percent. stocks in asia mixing and lift stocks in japan and in shanghai. >> tesla ceo elon musk is sending out whacky tweets once again and what elon musk said this time that is leading investors scratching their heads. fbn:am starts right now. it's 5:01 a.m. october 30th good morning i'm lauren simonetti. >> good morning everybody i'm cheryl casone. >> president trump is set to visit pittsburgh today three days after a gunman killed 11 worshipers in a jewish synagogue. meanwhile stocks falling sharply following a report that the president is --
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preparing to impose more tariffs on china. >> president trump was on the ingram angle last night. >> i think that we will myc a great deal with china and it has to be great because they've drained our country. we have really helped rebuild china they've taken. they've been taken out average of 500 billion dollars. billion -- a year from many years not going to happen anymore. >> blake burman is at the white house with the details. president trump and first lady melania trump will head to pittsburgh later today comes as jewish leaders within that area are telling the president to stay away until he fully denounces white nationalism the white house says president has done just that. the press secretary sarah sand rs got choanged up monday when pointing out president's families jewish heritage. >> president is the grandfather of several jewish grandchildren. his daughter is a jewish american, and son-in-law is holocaust -- >> sanders addresses criticism
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during first press briefings and bloomberg reported that if president trump meeting with china's president xi jinping doesn't go well on the trade are front then trumped administratin could move forward worth of tariff. sanders would not say, though, if that meeting will be an inflection point. >> i'm not going to get ahead of the president meeting and i hope it goes well. >> sorry go ahead. >> how important is that meeting then because you heard larry kudlow say week ago there might not be a lot of details that comes from it in terms of trades and going back and forth. >> as president likeses to say see what happens not going to get ahead of the conversation. you have two of the most powerful leaders in the world that's consequential and see what happens when they sit down. that meeting is month away in theory enough time for both sides to hash certain item out or advance talkings what down
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the line, however, they are still a ways away on certain crucial issue ors like ip theft. back to you in new york. >> well facebook is hoping to avoid a rough earnings report today with a slew of bad press. they've got that story an other headlines making news this morning. big report this morning tracee. >> good morning we will hear from facebook after belled todays and we'll see how the constant flow of that negative news has hurt the stock and call for revenue of 13.78 billion dollar that's up from -- 30% rather from a year ago. but it marks the slowest gross in more than four years. this report will be especially important following its second quarter report that missed estimates on earnings and caused a stock to plunge 19% cutting more than 100 billion dollars in market value that day. i remember that one. >> well we're watching, of course, all of the stocks say that pressure we saw yesterday well speaking of amazon found
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itself in a rare territory after that big plunge yesterday. >> shares of amazon fell yesterday putting company on track to enter its first bare market in over two and a half years. the stock plunged 14.5% in two days since reporting third quarter fernings last thursday cutting 126 billion dollars in market cap. that put the stock more than 25% below its september 4th record close amazon's last bare market ended on march 1st, 2016. >> 43% of the s&p 500 companies are in bear market territory right now. down 20% that is a big percentage. speaking with tech a physical they're unveiling bunch of new products today. what can we expect? >> this comes ahead of its third earnings report on thursday apple is set to unveil several new products that a special event in brooklyn today reportedly including a resigned top of the line ipad pro with edge to edge display screens. no home button and face id also
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a 10th anniversary upgrade for air laptop the event begins at 10 a.m. eastern time and will be streamed live on apple's website. >> all right tracee carrasco thank you. >> thank you. >> well president trump is sending 5200 act five duty troops to the southern border. as a caravan of migrants approaches the u.s., the president laying out a plan in an interview with laura ingram. >> we're not letting them into this country. we're not going to let gang members -- >> what if they're applying for asylum. >> if they apply we're going to hold them until such time. >>where do we have the facility? efntle tengt cities tents up all over the place and won't build structures to spend all of this hundreds of millions of dollars. we're going to have tents, they're going to be very nice, an they're going to wait and if they don't get asylum they get out. >> with 2,000 national guard members already in place number
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of troops at the border will now exceed the combined u.s. forces in iraq and syria. >> that puts it in perspective new developments in investigation into the pipe bomb case, another suspicious package found yesterday this time in atlanta and it was addressed again -- to cnn. investigators believe the package was sent by pipe bomb suspect before he was arrested last week. meanwhile he made his initial appearance in federal court yesterday when a judge jot lined charges against him he acknowledged that he understand them and judge set another hearing for friday to discuss when he'll be sent to new york for the justice department wants to try to hear in the southern district. well elon musk say he's giving up his ceo title that tesla on twitter he wrote, deleted my tesla titles last week to see what would happen. now, the nothing of tesla seem it is fine so far. yeah. let the 90 minutes later he tweeted that that he would take
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the title of president to fulfill legal requirements for company officers or, quote, it will confuse authorities yeah no word from -- yeah. him on twitter. no word from actually the company of tesla what this all means but it was mufng compulsive tweeting erratic behavior raised concern about his leadership and he has agreed to pay a 20 million fine and set aside chairman and settlement charges for u.s. security exchange commission maybe they need to part ways or for a little while. >> president trump is turning up heat on china threatening to impose tariffs on all remaining chinese imports if next month talks with china president don't go so well. rebecca wealth management ceo and jonathon hedge fund manager at capital pig.com join us now to discuss. good morning to you. >> good morning. >> jonathon let me start with
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you here. you know, these -- these threats of additional staffs basically attacking everything that china imports. that's a negotiating tactic to get china to the table or no? >> l well that's what we're told lauren we've been told that tariffs were negotiating tactic for months now. but the market as you pointed out really sold off yesterday sold off quite hard a swing of 900 point right after news of the potential new tariffs break and it because as you said these are taxes on americans over 4 billion dollars has been collected for americans going to the government and some companies ranging from ford to honda to kat pill la to harley-davidson have mentioned specifically costing them money and putting dengt in the stock market without a question. m i mentioned earlier rebecca that 43% of stocks in the s&p 500 are now in a bare market 76% in correction territory as jonathon noted so many companies
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are warning this potential trade war is hurting us or at least we fear that it will hurt us in the form of rising cost. do you think the president is listening to any of that? >> i think that president trump wants a successful economy more than probably anything else xepght for maybe the caravan. [laughter] but the truth is you know, we are always going to have short-term reverberation globalization in united states and china in order to correct any mistrade policy that we might have had in last dozens of years. we with treat china sometime like a third world country in trade policies i think president trump is very clear this needs to change, and so yeah, bloomberg report yesterday did swing the market absolutely jonathon is right. but at the same time i think president trump is trying to negotiate from position of strength and reminding chinese that we have more room to go if we need to. >> that bloomberg report hit the market hard yesterday but futureses are higher this morning jonathon do you think it was maybe an overreaction?
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yesterday now cool or heads are prevailing? >> lauren we know that -- a lot of factors impacting the market threats about tariffs also questions about earnings slowing growth and fangs you know was mentioned a moment ago. the influence of these technology stocks i don't think can be underestimated the fact that facebook earnings coming out momentarily hit a 52-week low yesterdays and weakness in amazon weakness in names that have buoy withed market for years now to met that says that this trend although a terrific october i don't think we've reached a bottom just yet. >> that's what a lot of people are questioning where is the bottom does this correction become a bare market become a rewhat are where are thoughts on that rebecca? >> gosh i hope not. i'm not ready for it and projecting it but nobody is right we're thinking this is a blip and i'm hoping this is a blip. you, obviously, one thing to mention about about amazon and i notice they didn't want to quantify effect of the 15-hour
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minimum wage that goes into effect november the first and reflected in q4 earnings so we have to take into effect there's talk about let's have higher minimum wage and these are fore profit companies and these action dos have an impact. so that is one thing i think people aren't talking about is that kind of policy has an effect on bottom line and that's what we're seeing is q4 is not good and, obviously, we're worried. but i'm going to say it is a blip for now and not the correction yet, no. >> yeah minimum wage is another form of inflation as we've been discussing how that hits the markets. rebecca, with jonathon, thank you. >> thank you. >> i'm with rebecca on that one. hopefully it is a blip and a taking a look at futures right now and we have a green start to your tuesday. we have that wild 900 point swing on yesterday but up, s&p up 7 and three quarters nasdaq up 18. coming up, american diplomats
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boyfriend: here you go. girlfriend: thank you. boyfriend: thank you. >> welcome back taking a look at futures right now after yesterdays's 900 point swing on the dow, that saw the dow actually lose more than 200 point. we're a little bit higher today and tay tick down 24 right now s&p up 5 in premarket nasdaq and indoax watch is up 7 and a quarter all of that pouk after the close today. also this story, the fbi is investigating harassment claims from several u.s. diplomats forced to evacuate their post in cuba and china. following a series health attacks. the new complaints range from break-ins to reports of suspicious activity on cell phones and laptops. the fbi has not been able to confirm who is behind these attacks.
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well, president trump opening up about the possibility of answering special counsel robert mueller questions on russian collusion in an interview with fox news. >> the written questions to mueller answer to his question -- >> reare dig louse to do anything because we didn't do anything. but we will probably do something yes. we'll respond to some questions. well president comments comes after personal attorney rudy giuliani said team has written responses for several of mueller questions. and futures sports betting in new york is now more uncertain after a federal judge ruled that betting on fantasy sports is unconstitutional. the judge siding with antigambling activists declaring a bill to decriminalize regulated sports betting null and void and under review and that's what's happening or not happening now. >> this is happening now. somewhat of a rally for futures this morning after a --
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a 245 point selloff and a 918 point swing yesterday dow futures are up 35. nasdaq building by 8 l points this morning. still ahead, no rest for republicans is one week from the master's degree terms. >> democrats are worried suddenly. when we have the best employment numbers and medium income numbers. president overnight endorsement as he fights to keep congress red, and the president most used social media could be getting major face lift and we're going to tell you about changes to twitter, coming up. ♪
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well with one week until crucial midterm elections week from today folks the trump campaign has released a national campaign ad the catch, it doesn't mention the president once. but it does promote his economic success. >> like all go away. if we don't remember what we came from. and choose the right future. ♪ because the future worth fighting for is not guaranteed. >> that 60 second ad titled we can't go back will run through election day with a total buy of 6 million dollars. and the president isen playing to hold 11 campaign rallies but we only have 6 days until -- until election day until midterms you can double up. >> live with the president so -- you start he's got six days and
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how many rallies again? let's go back to this. wow. >> 11 if you thought the president was keeping a pace before promoting in congressional candidate he can this out a flurry of tweets to this one is doing a great job at congressman from ohio, we need him in d.c. vote for troy. he has my total endorse the there will a lot more of those tweets over the last 24 hours. along with this packed rally schedule for the home stretch, fort myers physical on halloween clusm ya missouri on thursday and fun really starts with president trump polling some two adays friday in both huntington, west virginia and indianapolis indiana saturday cola and making chat knew ga, tennessee on monday three cleveland ohio, fort wayne, indiana, and cape missouri all of this as a confident president tries to keep the height blue wave from crashing down on d.c..
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americans have best unemployment numbers in history of our country. the african-americans have the best employment and unemployment numbers in the history of our country. asians best employment numbers in the history of our country. women 65 years all of these things women have best numbers in 65 yearses they should be worried. and polling seems to agree with the president with the gop appearing to close the gap in a number of house races, and according to real clear politics republicans set to gain a net of three seats in senate get this by election day the president will have hosted 53 rallies in 23 states since the start of his administration 30 of those just since labor day. lauren and cheryl. >> we call that laboring. and that strategy todd is what worked for him but many say that got him the presidency was he outrallied hillary clinton back in 2016 it seems like it is beginning to work. >> and that push at the very end
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seem to put the president over top back in 2016 i talked to a pollster inside our green room he says that could happen in the next week. >> i work best under, you know, the pressure in the end last minute always works. [laughter] thank you very much. an wpt to remind our viewers at that show fbn will bring you special election coverage 4 a.m. the morning after. j the the story a big story for midterm and markets i want to let you know that the dow futures just turn negative now down 15 for the dow remember 900 point swing yesterday and closed down 245 and see what happens today. s&p still up by three qeerts of a point nasdaq it, though, also going negative by 13 points. facebook after a the bell maybe that will change things coming up this morning, president trump is not backing down on the migrant caravan as u.s. military now moves over ,000 troops to the border. we have millions of people coming in, they're applying
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legally we have a strong border. i call that the military. this car caravan live with the details next. cell phone technology may be getting better, and features financier but that doesn't mean people are buying it. you're watching fbn:am. today, there are more sensors on our planet than people. we're putting ai into everything, and everything into the cloud. it's all so... smart. but how do you work with it? ask this farmer. he's using satellite data to help increase crop yields. that's smart for the food we eat. at this port, supply chains are becoming more transparent with blockchain. that's smart for millions of shipments. in this lab, researchers are working with watson to help them find new treatments.
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i think the chinese are worried and i think trump administration is trying to strike while there's an opportunity to do that. >> and that opportunity may be soon. president trump putting new pressure on china to cut a trade deal. those trade tensions leading a wild trading day yesterday. the dow swung more than 900 point that ended day down 1%. today, looks like we're off to another well it is a tepid start let's put it that way right now
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dow is up 7 points going back and forth between that line. s&p is up 2 and nasdaq tech heavy nasdaq down 12.5 and hear from facebook after the close. a tech stampede away from that sector a mixed market and just turned higher in london gaining tenth of one percent. german market is down three quarters of one percent. decision is looks good this morning let's attack a look at asia same thing there and weaker chinese currencies actually help lift stocks in japan and shanghai. >> and americans are not undecided. like the markets they are holding on to their cell phones the old ones longer than ever and we're going to tell you why. fbn:am continues right now. 30 in 5:30 i'm lauren simonetti. good morning everybody i'm shale cheryl hold on to my iphone i
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don't know what it is. but i'm waiting. >> holding on to them. president trump sending message it that migrant caravan as u.s. military moves over five thousand troops to border to stop thousands from illegally entering the country. >> jen kins on move again in southern mexico, griff good morning to you. >>good morning cheryl, lauren me than a thousand miles from texas border. more than 2,000 from california border but they're not deterred by president trump to not come. caravan you can see starting to wake up this is some of the -- mexican human rights organizations, volunteers helping, people waking up let me just take you it a visual we're in little town of neil in a state, and these towns just open their doors now this town it is population is 4,000 that's pretty much equal to the estimated size was caravan. this is their city hall which
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actually damaged in earthquake last career. but yet they've opened it their doors you see migrants that have just made a home for the night. now they'll start waking up here they're expected to get up and depart at a 5 a.m. departure they say for the next town. about 30 miles away and locals offered to give what we're being told is 11 buss to help them move. again this group wants to ultimately get to mexico city perhaps by the end of the week and ultimately to united states i'm not sure if they'll make it to mexico city but we with talked to l vis one in this caravan about the president's position and sitting troops to border here's what he had to say. >> why with were you deported? >> because i got election and -- he got arrested. yeah. do you hear president trump announced he's going to put 5,000 troops on the border to stop the caravan. what do you think? will it stop you? >> i think that's a problem for
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me and everybody here but i want to go there. 5,000 troops won't stop you you'll still go. >> yes i want to go over there. nobody can stop me. nobody can stall these people. >> unless you can get asylum will you consider crossing illegally? >> yes. yes. >> the group has about a thousand or so that have actually decided to take mexico temporary asylum offer but by and large group still moving here in not really losing steam at all as they get help from mexican towns from relief organizations, and others in the wake of the the president administration saying don't come. lauren and cheryl. >> all right traveling with that caravan, thank you very much. and now back to one of our other top stories this morning that is your market we're truly coming off a manic monday dow industrials turned to a loss monday after a 900 point swing in today, the head spinning
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swaying showing and how fragile market is and how easily rattled when it comes to technology and, of course, we've got facebook reporting after the bell let's add that into all of the fun and bring in for more fun scott of tgm of europe and good morning. >> good morning. good morning. yeah, scott i want to start with you from trader technical and in correction and dow and s&p are flirting with correction right now from a technical perspective scott what does this say to you? >> well that's what we do is when we don't have a great reason for the selloff and nothing is new out there. to push us lower like we have as of late we run into technical go into closet to get the map and get a flashlight out and technicals are weak and try to make another push lower but that's okay we're moving stocks from weekends so strong ends and let's say we take another five or so percent off the s&p and less than sepght 2017 level so it's okay. we have room to go down and stocks are allow to go down.
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for all of you that want to normalize interest rates we have to normalize volatility and used tore a lot more. we have a generation of trade arers that vice president seen it like this before. >> those young kids this is what they -- [laughter] i'm sure enjoying this today. but he makes interesting points and question mark about what the fed will do or not do ins december maybe they'll hold up. and administrative hike but fang really quick because if you look at peaks from 2018 they lost about 800 to 2400 billion in market cap now you can say look that is money on paper. and that stocks go up and down but that has a lot of average investors and really nervous about their overall portfolios. >> sure. i think really what's going on here e, though, is that -- the yield curve is still steep so if you look at banker earnings their net interest margins are positive banks in the short end of the curve lend long into the curve so in terms of the banks i won the be concerned as more big molt tomb
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and growth sector of the market as well such as technology. >> looking at other sectors, you know, it is scott he makes great point technology starts at the only stocks that we can actually trade scott. but also, you there's been a lof talk for amazon and apple that those are crowded trade right now that there's just too much money into the stock and we need to kind of diversify a little bit and that's a traders perspective as well as investor. >> you're exactly right and want to hear from those we trade weaver day when we have this earth shake a little bit and folks run for doors things that can hit most is things with highest multiples that are out of whack so they're one like amazon that get to back in line with with 15 and other stocks from s&p 500, so it's not crazy. it is okay, we have to take a step become and say this is what happens when stocks are alads to go down and make your muscle stronger when you break them down and build them back up again and continue this rally
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i'm not nervous yet. we haven't seen capitulation so we can go lower but that is going to be okay. >> we have not capitulated that is a great point to bring out to average person out there. you'll know capitulation when you see it i'm giving up selling my book it is over. but that's not happening really quick ian last word i want switch gears week away from the midterms analysts have been saying normally gridlock in washington is good for markets but this year is different ian and many analysts are saying if we do, if republicans lose the house, to democrats, next week, that's actually boing to be a market negative, what diewngs do you think about that sentiment? >> i don't necessarily agree with that. i think that gridlock is good for the markets we really have cut corporate tax rates down to 21%. i think you see the democrats sweep the house and a the senate you'll see a more of a bipartisan push for infrastructure plan which i think market will really, really love.
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so i think that a democratic wave actually would be a positive for the market and i know this is counterintuitive to what it was. >> it was the narrative two years ago and here we are right now history up eded again thank you very much. appreciate it. >> thank you. google employees are mad at their company and they are reportedly planning a protest. smtion tracee carrasco has that story and some other headlines. good morning again tracee. >> google employees are reportedly manning walkout because they are not happy with ceo response to a report about the company handling alleged sexual harassment by executives. according to buzz feed more than 200 google engineers are participating protest may happen on thursday and organizers reportedly have a list of requests for google to consider. and google will likely consider them because they listen to their employees. as we've seen in many episodes. >> go from google to twitter this is fascinating if i that may be doing e away with one of
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their major feature that we all know. >>ceo jack dorsey said it coulde getting rid of the heart shape button to improve and according to dorsey made comments last week the a twitter event no official word on this this other than a tweet from the -- company communications team, the like button replaced favorite button three years ago forgot about about that. >> all right. i don't even get ow that would encourage debate. anyway. not sure. okay what are americans doing apparently with old phone because we have old phones on the the set according to -- they do. and according to data from third quarter that's a mobile device trading company, consumers are waiting an average of 2.83 years to upgrade their smart phones that is up from 2.39 years just two years earlier. so price your devices, fewer
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subsidies from carrier and end of those two year cell phone contracts have all led to this. da it also found that ieg phones traded in for an average of 2.92 years old and those phone owns held on to them longer than android users so keeping their cell phones longer. i will say with apple their services the the app store a l music, analysts are are saying that's actually going to create revenue. for somebody like an apple versus newer phones and -- us turning over. >> they have small dirchtions as we upgrade our phones to me more or less the same. i hang on to my phone. i can wait three years. i don't know about you guys. >> thank you very much. thanks. let's check future this is morning before we led to break dow is firmly higher standing 36 and s&p up 5 point nasdaq has turned lower. facebook earnings on deck, many analysts are negative on that stock nasdaq down half a point right now it could go positive i'll keep talking but i won't
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welcome back let's get you caught up on what's happening right now futures been and forth reason in the last 30 minutes or so and volatileity is in future market dow sup 51 right now s&p up six and three quarter withs nasdaq is up five and quarter that's after yesterday's wild swing for the dow of 00 down 245 and vulnerable in the in a state won by trump is trying to distance herself from her colleagues. missouri senator claire mccaskill says he's not one of those crazy democrats. but she hitted as who she thinks is. >> i would not call my colleagues crazy. but elizabeth warren sure went after me when i advocate tooling back for regulations with with small banks and credit unions. i certainly disagree with bernie sanders on a bufnlg bunch of
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stuff. s she's not afraid couple of names for you state attorney josh halle is challenging her for her senate soot that is next week, of course. well the war of plastic is war of paper. several u.s. companies are rolling out a ban on paper cups. that includes goldman sachs, company says its u.s. offices consume more than 8 million nonrecyclable cup and lids per year and ban will hopefully reduce their impact on the environment. and finally check this out a fire hydrant gushing water sen stories into the air this happened after a car slams into it on a busy street in downtown l.a. luckily nobody was hurt only the fire hydrant got a little bit damaged this morning. there you go. [laughter] well before we go to break after yesterday's big volatility and major swing with to the upsiding right now. the dow is higher by 67 that continues to build s&p up 8 and nasdaq has turned positive it is up 14 points.
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coming up next, governor scott walker is now trying to hold on to his seat in wisconsin. but now some of his own former cabinet members are turning against him. >> i was scott walker cabinet secretary for the department of corrections. under scott walker dpght of corrections, has only 18 people tracking 25,000 sex offenders. >> all eyes on wisconsin for this must watch race. and the u.k. wants to slay a new tax on tech giants like facebook and a google, and it could cost them millions of dollars we're going to go live to london for reaction.
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in wisconsin race for governor democrat is trying to deny governor scott walker a third term and right now it looks entirely possible according to the real clear politics average, holds more than three point lead over governor walker who in the wisconsin economy. >> you want more jobs and higher wages which is where we've taken the state or more spend egg an higher taxes that's what tony my poangt wants to raise the the gas tax bys much as a dollar a gallon and what we've cone is turn this state around and more people are working now than ever before. joining us from more on this is former obama campaign regional field director and president of vote america now chris crude home robyn i begin with you why isn't what governor scott walker just said the fact that he's turned around wisconsin economy a winning strategy for him and potential third term?
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>> you know lauren it is a good strategy he's den a solid job financially for wisconsin what -- what is happening here is that -- tony is actually listening to dnc because they put out a 435 district plan custom tailor to each district these candidates are running in that is focused on kitchen table issues what they found that they are concerned about -- really specific issues like the roads, apparently they're 44th this roads and towns and cities are going back to gravel. so that affects people daily lives. and they're talking about education you know he's been superintendent of education for almost ten years. so that's where he's hitting hard on those issues. that the people at home are actually talking about, and it is not so much the economy. >> i get it but governor walker has brought in 13,000 jobs chris, just with the fox con factory going there. every e year since he's been in office there's been a budget surplus and wisconsin is one of just two states to have a fully
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funded pension system isn't this great news? >> you're right plans are important but results better. governor walker certainly has done a immense job in balancing the budget. i mean, look the reality is look at that education and look at the agent when we look at a public pensions and what he's done and having people pay 12.6% of the sell into pension programs for premiums but he's done a financial job and continueded to a financial job. these are attack political ploys to try to intensify campaign and to have them lose. he's doing more than any other state look at education vouchers. i mean, governor walker has done a phenomenal job and striving to get things done look what he's done with legislature. so he's done a good job. absolutely. absolutely, and continuesed it a good job. how is health care playing in this race? >> it is playing in a big way because they didn't accept
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medicaid expansion dollars so up 50% versus premiums for minnesota. so people are paying more for premium gettingless and paying taxes in to the government and not getting the benefits. so that's where the the problem is. and all of their politics as you well know lauren -- >> minnesota has democratic gern and premiums are up in that state than in wisconsin. walker is also argued for a state based solution, for guaranteeing coverage a lot of republicans now soften their stance on health care. so he's argue aing for a state based solution to guarantee coverage with those with preexisting conditions chris over just guaranteeing them under obamacare how do you think that is playing out in the state? >> what governor has done is not just him but take legislature to work together. he's put that before the legislature himself but he's one
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spiriting leading charge to actually get it done. he firmly believes in -- in supporting those excuse me with health conditions, obviously, is important. >> chris, robyn thank you guys very much and we'll won the to watch this tight raws and tune into fbn:am the morning after master's degree terms 4 a.m. eastern time for our very special coverage about a week from today. >> can't wait. going to be really exciting here at fox business. >> up overnight. well coming up shares of pouk and google having a tough mngt and may get tougher overseas for tech giant we'll ahead across the pond to jolly old england when we return. ♪
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well britain moving ahead with plans to roll out world with's first tax on digital services by 2020 targeting facebook and alphabet senior currency analyst joins us now. jane good morning they have a tough month is this just more bad news for that? smg well i suppose it is. but what the they want to do is a couple of things first of all he wants it to raise about 400 million a year. up from tech company which is relatively small given income scene that they have so that they're generating in u.k. but
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other thing he wants to do is to address publicking a or in u.k. now these big companies do take a lot of revenue out of u.k. but because they don't allow thelses out of the u.k. they might legally avoid pain or for significant tax bills there's anger that big companies they should pay their way. but, of course, what we don't know is that whether or not there's some retaliation because most of the companies are -- across the u.s.. >> speaking of another big company jane p. thanks soaring earnings and a oil prices. what do you make of this this company this morning? >> well, you know again, this is reflected of the oil price you mentioned oil prices higher than it was years ago they have days when oil prices were around about a third as they are now and those days, of course, oil companies struggling right now. there's a lot of investment a lot of m and a and, of course, at this --
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they'll stay high. >> jane thank you very much and like to thank our viewers for joining us. over to maria bartiromo. >> thank you very much. thanks for joining us i'm maria bartiromo and it is tuesday october 30*9 your top stories before 6 a.m. on east coast investors although ouch poos pointing to gains this morning after just voltity in markets dow industrials up 5 pingts and s&p 500 right now also set to open higher about 8 points higher a third of a percent and nasdaq set to open up about 15 poins at quarter of a percent higher this morning. that a declines across board yesterday and finishing off of the low but look at the damage. technology stocks hit hardest and nasdaq sliding better than one and a half percent on this session. how today ended does not tell the whole story volatility was wild. dow industrials with a 900 point swing finishing down 245 points at the close that was about 1%
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and dow and s&p 500 on edge of entering correction territory now with the numbers this morning. global markets this morning fd100 up 11 fractional move and pairing and dax index in germany lower than a quarter of a percent a piece. exceptionally higher best performer was japan nikkei average up one and a half percent overnight. rising tensions with china and president trump warned of another round of tariffs on china. if no trade deal is made -- the sellout coming up this morning. more general electric and coca-cola and pize or reporting this morning ahead of the open and have those numbers and analysis as you know yesterday the journal predicting that ge could actually cut its dividends once again as soon as numbers hit the tape we'll have them for you. meanwhile honoring victims set to visit pittsburgh

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