tv After the Bell FOX Business November 9, 2018 4:00pm-5:00pm EST
4:00 pm
liz: my guy. he is the best. sorry we couldn't give you a better dow number, brad. [closing bell rings] we're down 195 point. i will blame you. go on my twitter feed, @lizclaman. help veterans donating just $11. have a great weekend. melissa: cuts losses in nearly half. the dow ending in the red for the first time this week as falling oil prices weigh on the markets but closing off session lows. s&p 500 also ending in negative territory but the tech-heavy nasdaq, the biggest loser, down 1 1/2%. i'm melissa francis. connell: i'm connell mcshane. we made it to friday. melissa: whoo-hoo! sorry. connell: that was not planned. this is "after the bell." we'll have more on the big market movers as we move along. here is what is new at this hour. president trump about to land in paris. there is a shot at the airport. the commander-in-chief will meet with other world leaders attending ceremonies marking the
4:01 pm
100 year anniversary of the end of world war i. we'll tell you with what to expect from the president's european trip. here we go again. florida is the epicenter after postelection battle. two major races on the line. we're taking a closer look where things currently stand in the such shine state where that fight is far from over. wildfires raging out of control control in california. destroying homes, forcing emergency evacuations. we've live on scene as officials work around the clock to try to stop the flames. melissa: oil tumbles below 60 bucks for the first time in eight bucks. gerri willis on floor of new york stock exchange. phil flynn watching all the action in oil, driving the trade, gold as well from the cme. we'll start with you. >> tell you what it is unbelievable. bear market territory. the most consecutive down days since 1984. that is back in the time when ronald reagan was still lifting
4:02 pm
price controls on oil. it is an amazing selloff. why is this happening? tell you very simply. perception of slow demand and rising supply. we saw a report, for example, from the u.s. rig count from baker hughes showed drillers added even 12 more oil rigs this week. that is a perception u.s. production will continue to rise. at the same time you have the u.s. strategic petroleum reserve, releasing oil almost every week. almost 6 million barrels in the month of october, to try to make up for a shortage of iran oil that didn't happen because of waivers. market is concerned about shortages. now they're worried about oversupply. the big question what is opec going to do about it? we will find out about it this weekend. opec will have an emergency meeting on sunday. they obviously will have to respond to the lowering in prices. early calls saying we'll see a production cut of
4:03 pm
1.4 million barrels announced this weekend. of course they don't like any commodities today. gold got slammed as well. the federal reserve, talking about raising interest rates, really did not give gold a boost. we're down there as well. so back to you. connell: what a day. boy, 10 sessions in a row for oil. gerri willis now on the stock market selloff. what did you pick up down there at the new york stock exchange today? >> it has been a tough day but we ended at better levels certainly than we had in the middle of the day. we're down 201 points now. it was worse earlier. apple and goldman sachs were responsible for half the losses today. for the week the dow higher up 2.9%. we're been worried about the global growth story going on all day. that certainly dragged down tech stocks, amazon, microsoft, apple, google, having a tough week and tough day. look at those percentages down. 2%, 2.4 for amazon. what is going on here is china's
4:04 pm
numbers. slowing growth for china. consumers spend less. we got higher producer prices. signal of inflation in this country up higher than anticipated. that is weighing on the stocks as well. i want to talk about good news in the market today, you saw disney earnings earlier this week. that stock up 2.2% today. netflix down 4.5%. the flip side of that coin. why? because disney announced it is launching a streaming service. now they finally have a name for it. disney plus. so that story playing out big for netflix shares this afternoon. connell, back to you. connell: good enough. melissa: let's bring in today's market panel. jack hough baron's senior editor and carol roth. what do you make of the move in oil and what is driving the trade? >> i think oil is one of those things that is always a bit of an overhang on the market. it is very difficult to predict but i actually think something
4:05 pm
else is going on here, melissa. i think investors are grappling with a narrow but very plausible path forward. if you have earnings you think are perhaps not going to be that robust next year, obviously that is not going to increase valuations. but for people who think that earnings will be very robust, there is concerns about inflation and the interest rates and the fed continuing to raise those interest rates. so that means we have a very narrow path to increase valuations. and i think that traders are trying to get their heads wrapped around that. melissa: jack what do you think of that theory? >> i really agree with that. the outlook next year is 10% earnings growth. before this year, this year was the only here in recent history when the estimates went up. usually they come down when the year approaches. maybe we get 10 percent or closer to 5%. either way i don't think you expect the valuation of the market to expand. you get earnings growth, stock gains, couple percent for dividend, maybe high single digit returns going forward.
4:06 pm
melissa: carol, what about the theory this is a response to maybe all the recounts uncertainty, we had a flash of certainty and now we're back to uncertainty again? >> the market doesn't like uncertainty, regardless what the outcome is. they would rather know the outcome than anything be up in the area. there might be a little bit of that, but i think generally, investors are pretty settled in terms of what is going to look like going forward in terms of the house and the senate. i don't think it is factoring as much into it as much as it did before the midterms. connell: back to all of this in a moment. president trump about to land in paris ahead of ceremonies to honor the end of world war i, 100 years ago. blake burman, left hine at the white house, joins us now for very important briefing. >> it is not paris. i do love washington, d.c. i'm all good. we got a shot of air force one potentially coming in, if not the president is set to land in
4:07 pm
paris soon. we got to speak to him for the first time since he announced matthew whitaker as the acting attorney general. a lot of questions surrounding whitaker. the president told us he has not talked to whitaker as the mueller probe now the role at acting ag oversees that probe. the president defended the selection of whitaker, he is someone smart, qualified, someone respected. there are also concerns whitaker doesn't necessarily have a legal footing to stand on as the acting ag before this position he was chief of staff to jeff sessions and many critics including the top democrat in the senate, chuck schumer say and point out the fact that position was not senate confirmed. still though, whitaker could be on the job for quite some time. as the president told me earlier today, he is in rush at all to name a permanent replacement for jeff sessions. >> i have some very, very good people. there is no rush. it has to go through a senate process which takes a long time,
4:08 pm
but we'll pick somebody that's great. we'll pick somebody that is very good. i think it is very -- matt whitaker is highly respected man. i didn't know matt whitaker. but he is a highly respected man. reporter: president trump making comments before he departed for france. he will be in paris the rest of the weekend, celebrating 100 year anniversary of the end of world war i. there will be world leaders across the globe there, concluding russia's vladmir putin. the president telling us today as it relates to the official meeting between those two in paris, that appears to be unlikely. >> i will meet with putin at the g20. i don't know that we'll see each other in paris but we, may be a lunch for the leaders, i don't know. i would say nothing. we have a good relationship. having a good relationship with russia and china and every other country is a good thing. reporter: about an eight-hour flight to paris. the president is busy aboard
4:09 pm
air force one tweeting. he has been heavily critical throughout the day involving many elections still outstanding including ones in florida and arizona. he tweeted out a little while ago in arizona. in arizona, signatures don't match. electoral corruption. call for a new election, the president questions? we must protect our democracy he says. he was also extremely critical today about what is going on in broward county, calling it a disgrace. melissa, connell. connell: we'll talk more about that in a few minutes. blake, thanks. right now to foreign policy. secretary of state mike pompeo, defense secretary james mattis, meeting with chinese officials today amid rising trade tensions between the two countries. our panel, jack and carol are back on that. a little birdie handed me a copy of "barron's" last weekend. the cover story of "barron's" so happens, auld arms race. military contractors guesting a
4:10 pm
boost by a superfast missile. i think it was written by a guy named jack hough. >> i get 10 cents from the editor for every time you show that cover. connell: working on the market is the economic slowdown. what is happening over there. >> if you look at china spending on defense, talk about local purchasing power, their spending is on par with u.s. spending right now. defense experts i talked to talk about a new cold war. this time with china instead of russia. there's a big difference there, back talking with the soviet union there wasn't a lot of trade involved. we're suddenly talking about the country that makes our iphones. that is a big complication. we wrote about this supportive of the defense industry in the u.s. going forward as far as funding. people think there are drastic funding cuts coming, we don't see that there is very much a arms race going on with china, in addition to trade tensions. connell: i mentioned their economy slowing down, carol. that is one of the things like market participants were concerned about today.
4:11 pm
selloff in stocks. 12% drop in car sales, new lending rules for banks. i don't know if you saw that, peter navarro, surprise, surprise was very aggressive in a speech, talking about wall street, particularly goldman sachs, interfering possibly in trade negotiations. >> no. connell: i don't see a good deal coming anytime soon between the two sides. i don't know what your read something on trade. >> as far as china slowing you have to remember the chinese consumer is still very strong. the slowdown was on the government side and infrastructure side which they have a lot of flexibility to change. so i think that is something that we could see shift. in terms of whether we're getting a deal anytime soon, while all of us would like to see that happen, i think that there are some different things on the table, that maybe we'll get a little part of something, a little nibble that things are moving in the right direction but whether anything will get settled very soon, i highly
4:12 pm
doubt that will be the case. connell: navarro quite subtle about the wall street people he was talking about as goldman sachs. he referred to them as unregistered foreign agents working for the chinese. jack, carol, good stuff. next time you have a cover story, jack, we'll get it on. there you go. melissa: new allegations of rampant fraud in florida. the midterms are in overtime as two high-stakes races are heading for a recount in the sunshine state. the looming legal battle is next. connell: breaking down the tax cut splits. americans with more of their hard-earned money back in their pockets having no problems spending to help boost the economy but the question is about businesses, whether they're still holding up their end of the bargain. ♪ fact is, there have been twenty-six in the last decade. allstate is adapting. 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,
4:13 pm
4:16 pm
melissa: a lot of breaking news. this just in. president trump landing in paris. the commander-in-chief set to join world leaders to come medical rate the 100th anniversary of the end of world war i. the president tweeting, quote, president macron of france suggested europe build its own military in order to protect itself from the u.s., china and russia. very insulting. but perhaps europe should pay the fair share in nato which the u.s. subsidizes greatly. that is getting off to a great start, connell. connell: there you go. more breaking news. this time it comes from the state of florida. they are counting votes behind me in broward county. the judge ordered supervisor of elections down there, brenda snipes, to allow immediate records of voter records during an emergency hearing. this works the way, this story just out of a judge in florida to the recount most surely will be underway. i thought i was done with the
4:17 pm
maps of the senate, not write yet, we're digging into the state of florida, things are getting closer last couple days between incumbent senator bill nelson, and governor scott. that yellow check mark we put next to governor scott's name might have to be in pencil. they're under threshold for hand recount, under one-half of 1% under a .25. government select desantis his lead is so small, we had to held off on that. andrew gillum held off on the concession he made the other night. just a quick check, melissa, broward county, where the focus is, where the court ruling came from, that is where senator nelson's lead getting better, the difference, close to 2640,000 votes. votes counted last couple days. the judge ruling brenda snipes
4:18 pm
in charge of elections down there, in broward county immediately must allow inspection of voter record. you have much more. melissa: we have a lot more on this. we want to let you know the president now has landed. give you more of news coming out of broward county. this is the first election lawsuit decided. it is in favor of governor scott. saying that they have ordered that supervisor to allow immediate inspection of the records. this was during an emergency hearing today. and that she must allow inspectors in before seven p.m. tonight. you're looking at president as he is coming down the tarmac. they're on this trip he has taken to paris. there have been a couple salvos back and forth in the air here as president macron has made comment about perhaps putting together an army that would protect, that would protect europe from china and included the u.s. in that. president trump firing back on twitter, moments before he is
4:19 pm
set to come down here. of the with the back backdrop, matt gaetz, florida congressman, house judiciary member. react to the ruling that happened right now. i'm looking for a bit more color on this because i understand they said that she basically, here it is. that broward county violated the constitution by not following open records laws. that is pretty serious. >> that is melissa. i was in the hearing. i will be joining attorneys for governor scott as one of the inspectors. that inspection must occur in the next three hours. it is my expectation that will find a all documents supervisor of elections is supposed to have at this point, regarding total number of ballots cast, where people cast their ballots, and how their identification was processed that is likely to be in shambles given the history of the broward county elections office. but here is what is significant.
4:20 pm
floridians have a constitutional right to access records. a judge ruled today that right was violated. i am calling on governor scott, as a result of that constitutional violation, to suspend brenda snipes immediately and put her office in the receivership of the department of state. in florida, the secretary of state is the chief elections officer. he was overwhelmingly confirmed in a bipartisan vote of the florida senate. he ought to be in charge. we cannot continue this process where in a matter of days almost 80,000 ballots have literally been spoken into existence. there was no record of these ballots ever having been cast or existing. now we find ourselves in a circumstance where they may swing the as a result of a u.s. senate election. melissa: i have to ask you a couple of questions about that. so first of all, she is an elected official, right, brenda snipes? >> correct. >> she is elected official. when was the last time she was
4:21 pm
up for re-election and in office? my point is there have been a lot of problems and challenges in this one area. the history goes back, courts have ruled against her for destroying ballots in case with debbie wasserman schultz. that was a democratic primary. there were no republicans involved in that at all. that is one of the many different things that have happened, yet she continued to be reelected. how has that happened? >> well just because someone is either stupid or corrupt doesn't mean that they can't get the most votes. so i mean she has been reelected but in instances where there is misfeasance or malfeasance in florida, the governor has the constitutional power to suspend that official. here we now have an independent judge that has ruled that brenda snipes has violated the constitution. i think after someone has to throw a flag on you for violating the constitution, you should not get to continue counting the ballots. we should bring in someone who
4:22 pm
has got a little more credibility to instill the confidence. melissa: i want to tell viewers while listening to the voice of matt gaetz we're talking about what is going on in florida right now, you're watching on your screen, there is the president and the first lady coming down off air force one. they're arriving in paris right now, for what is supposed to be an event to commemorate 100 years. >> appreciate it. melissa: so we're watching them come down. sorry, that was matt again. matt, at this point you want to see the papers, see what is going on in that office but there was already so much focus on this particular office beforehand. he is still there? connell: i think he is gone. melissa: we lost matt. connell: okay. melissa: we had more questions. this election will go on quite some time. connell: i think we're just getting started if history is any guide in florida, what they're doing there. this trip for the president overseas got a lot more interesting to your point thanks
4:23 pm
to a presidential tweet, emannuel macron from france is very insulting with his plans to build a european military, to try to counteract the u.s., china and russia so. melissa: we're watching the president right now here, get into his car. to refresh you, as he is landing, president macron of france suggested europe build its own military to protect itself from u.s., china and russia. very insulting. perhaps europe should pay its fair share of nato which the u.s. subsidizes greatly. there is the tweet landing there as the president lands, perhaps getting this trip off to a bit of a bumpy start. connell: landing with a ton of bricks in terms of how it is received by the french president. that is the man, the president of the united states is set to meet with over in paris this weekend, among others. he is in the back of the presidential limo. we'll talk more about that. michael o'hanlon is on from brookings as we continue. more on the elections in
4:24 pm
florida. what about arizona? too close to call there as well. we'll get to all of that in arizona, as they're still trying to figure out what's next there. melissa: also those raging fires in california. thousands of people already forced from their homes. we're going to take you live to that scene as well. that's next. ♪ to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions 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.
4:26 pm
and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. so my doctor said... symbicort can help you breathe better. starting within 5 minutes. it doesn't replace a rescue inhaler for sudden symptoms. doctor: symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. it may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. grandpa: symbicort could mean a day with better breathing. watch out, piggy! (giggles) get symbicort free at saveonsymbicort.com. if you can't afford your medication, astrazeneca may be able to help.
4:27 pm
melissa: five people are dead as a result of wildfires be ripping through the northern california. officials say the northern town of paradise is absolutely destroyed. residents forced to abandon vehicles in traffic to run for their lives. fox news correspondent claudia cowan is live in paradise with the latest. claudia? reporter: melissa, said the sheriff said these five people died in the most heartbreaking way, while they were desperately trying to escape. their bodies were found in their cars, all on the same road, just
4:28 pm
a few miles from here. unclear what happened. according to local media reports the cars were found on a one-way street. roads in and out of pair days, became very congested, very fast. many abandoned their cars as the flames tore through the town. people fled with whatever they could. all the smoke and ash turning the morning sky eerily dark and adding to the chaos. >> both of our driveways were completely engulfed in flames. i could feel the heat in my car as i'm driving. >> just numb. i don't know what to think. what is going to happen now. >> we don't know. >> we have nothing now. reporter: the fire took out the local hospital, high school, scores of businesses. 27,000 people were told to leave. evacuation orders have spread to chico, a large college town where 90,000 people are on
4:29 pm
alert. the campfire is 75,000-acres. it is 5% contained. a red flag warning in effect the past few days has actually been lifted. as the leading edge of this fire moves towards chico in the valley, that terrain will make it easier for fire crews to get a line around the campfire. crews are hoping to make significant progress to get the up her hand on the deadly and fatal fire. melissa: claudia, thank you. connell: 5% contained. 100 years since the end of world war i. president trump landed in paris ahead of ceremonies with leaders over the weekend. what we can expect from mr. trump. a new tweet shakes things up. a health crisis most americans don't know about. seven million adults are unaware they're living with a deadly
4:31 pm
4:33 pm
connell: back down to president trump. wheels down. we were watching it live as he landed in paris for the commemoration of the 100th anniversary of end of world war one. he will join leaders from other countries. just before he landed with the first lady the president took to the twitter and he wrote this.
4:34 pm
president macron of france just suggested europe build its own military in order to protect itself from the u.s., china and russia. very insulting. but perhaps europe should first pay its fair share of nato which the u.s. subsidizes greatly. michael o'hanlon, joins us now from brookings where he is a foreign policy senior fellow. i'm sure that will shake up the weekend meeting, michael. what did you think of the president's tweet? >> first of all, thanks for having me on. good for president trump going to the commemoration. good for you to note it. it is very important date. it is the 100th anniversary of the end of world war i, even though we don't have the amazing veterans with us any longer. it's a day in history worth come commemorating. president macron chose unfortunate words, when he actually said something president trump should have liked. he was basically saying europe should do more. france is very proud country
4:35 pm
wanted to keep a certain distance from nato. that is not necessarily incompatable with the trump agenda. he would like europe feel the more desire to increase its own capacities. the macron worded it that made it sound that the like the united states was military threat to europe. i don't think that is it what he meant. i think he meant we don't want to subservient to washington in every way. if he found better word maybe there wouldn't be a spat. but not a good way to start the meeting. connell: macron will be able to explain himself in person. he will have the tweet to pay off. people not following as closely as you are, what you're basically saying is the president of the united states reads, europe wants the own military. they're afraid of us and china and russia, that is insulting. but your point is what? europe wants to go out on its own more, not be reliant on us as they have been in the past?
4:36 pm
>> we should sort of want there in many ways. this is part of president trump's thinking i actually agree with, a lot of people do both of political parties europe should be encouraged to do more. have its own autonomous capacity. that is not necessarily against nato's intent or goals because these forces, nato's forces are built nation by nation anyway. if they sometimes organize in european, you know, associations, and sometimes organize through broader nato purposes it doesn't really matter that much. there isn't that much in the way of headquarters or connective tissue that is all that expensive or, you know, bureaucratic. connell: right. >> most of the capacity is nation by nation. so you can call it european. you can call it nato. it is serving the same genset of goals. connell: i almost wonder that you explained it that way, you explained it very well if this weekend ends with everybody arm in arm? the president trump taking credit for having brought emannuel macron around and
4:37 pm
macron able to go to his own political base at home hey, i have done this for you. there could be kind after win, win comes out of it or is that overly optimistic? >> no, think i you're right. there will be one more piece. the trump-macron piece, world war i commemoration and this world peace conference president macron organized that president trump is not staying around for. vladmir putin will be there. petrd dough juan of turkey will be there. i have a colleague that blogged the origins of this meeting. probably not that important trump will not stay. some people will wonder why, they will scratch their heads. they will wonder why vladmir putin is there? why are we rehabilitating putin? there is that last piece to this three or four-day saga we'll have to chew on for a while. connell: means no trump-putin meeting looks like. michael, we appreciate it. good analysis. >> my pleasure. melissa: from washington to
4:38 pm
wall street here is what is on deck next week. the house and senate return to capitol hill after a bruising midterm right. connell: senate republican conference will hold leadership elections for the 116th congress. friday, how about this? fao schwarz, flagship store here in new york city is reopening! that is good news just in time for the holidays. melissa: i hope my kids are not watching this right now. connell: they will want to know. i grew up as a kid went to fao schwarz. melissa: the candidate for senate in arizona taking a narrow lead in a race still too close to call. we have the latest next. ♪ ♪. we are a different kind of financial company. we are athene, and we are driven to do more. ♪ ♪ i can do more to lower my a1c.
4:39 pm
because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. and it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. common side effects include nausea, diarrhea, vomiting, abdominal pain, and decreased appetite.
4:40 pm
these can lead to dehydration, which may worsen kidney problems. to help lower my a1c i choose trulicity to activate my within. ask your doctor about once-weekly trulicity. to help lower my a1c i choose trulicity to activate my within. each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs.
4:41 pm
all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. connell: we talked earlier in the hour about the florida senate race. we'll look at arizona where they're still counting as well, believe it or not.
4:42 pm
democrat kyrsten sinema, martha mcsally, it is sinema with a surge in maricopa county took over the race. ashley webster is in the newsroom. it is not done yet. >> in arizona not unusual for the ballots to be counted after a week, so many people, 75% mail in their ballots. that gets more complicated. republicans filed a lawsuit by the way, challenging the way some of those arizona counties are actually counting the mail-in ballots. they say there is not a uniform standard when it comes to verifying signatures. as you can see, these are the very latest numbers. they change every hour. it shows kyrsten sinema with a slight razor thin edge over martha mcsally by 8800 votes. less than half a percent. we should note 345 votes remain uncounted in maricopa county alone. but because of that republican
4:43 pm
challenge, the president today tweeting this out saying he is not happy with the way things are going. he said this. just out in arizona, signatures don't patch. electoral corruption? call for new election? we must protect our democracy. state officials say there is no evidence of any wrongdoing. it is very laborious task to verify those signatures. we have this from the sinema campaign saying we are confident trends will continue in kirstjen's direction and mcsally coming back with their own statement as the count goes on, with half a million ballots to count, we remain confident as votes come in from counties across the state, mortgage that mcsally will be elected arizona's next senator. a judge will rule on the republican lawsuit. we could have several more days of counting. there is this one scenario, stick with me on this. that both candidates could end
4:44 pm
up in the senate anyway. if sinema wins and she goes to the senate, with passing of john mccain of august, republican governor ducey of arizona appointed jon kyl to fill the seat. he is only going to stay there still january. if martha mcsally is still around and that seat needs appointment, she could be appointed by the republican governor. you could have sinema and mortgage that mcsally through the senate at least 2020. that could happen. connell: you want another strange scenario? you were speaking about that lawsuit. we just received word, while you were talking there has been a settlement reached okay. they say the counties can continue to count the ballots until wednesday, november 14th in all the counties. >> carry on. connell: how about that? ashley, thanks. in the newsroom. >> my pleasure. melissa: the hidden dangers of a growing epidemic.
4:45 pm
4:46 pm
their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for some of what medicare doesn't. that could help cut down on those out-of-your-pocket
4:47 pm
medical costs. call unitedhealthcare insurance company now or visit aarpmedicaresupplement.com for your free decision guide about the only medicare supplement plans endorsed by aarp. selected for meeting their high standards of quality and service. this type of plan lets you say "yes" to any doctor or hospital that accepts medicare patients. there are no networks or referrals to worry about. do you accept medicare patients? i sure do! see? you're able to stick with him. like to travel? this kind of plan goes with you anywhere you travel in the country. so go ahead, spend winter somewhere warm. if you're turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. thumbs up to that! remember, the time to prepare is before you go on medicare!
4:48 pm
don't wait. get started today. to learn more about the range of aarp medicare supplement plans and their rates, call or go online today to request your free decision guide. oh, and happy birthday... or retirement... in advance. ♪ melissa: growing threat across the nation, 30 million americans are diagnosed with diabetes in the united states, with millions more at risk of developing it. according to blue cross-blue shield. how can you protect yourself and your family. here is dr. marc siegel, fox news medical analyst. americans have diabetes watching this show and don't even know it. how is that possible? >> that is very important statistic, it is possible that people may not realize the signs of diabetes.
4:49 pm
they start to pee too much. thirsty too much. tingling in the hands, blurrily vision, or sudden weight gain could be signs you have diabetes don't know it. that is the seven million. what is more shocking according to the blue cross-blue shield statistics 85 on the road to diabetes, have pre-diabetes, who aren't there yet, but could get it in the near future. melissa: what do you do to decrease your risk? what are people doing to increase their risk? >> the number one thing, melissa is weight. we are, this country is in huge trouble in terms of weight. 1/3 of all-americans are obese. 2/3 are overweight. 2/3 of us are overweight. guess what? a direct correlation between weight and diabetes. the more you weigh, the more insulin you need. after a while you can't make the insulin. you end up resistant to the effects of insulin, you lose
4:50 pm
weight. melissa: is diabetes something you inherit or something you get. >> that is a great, great question. the question you inherit a tendency to get it. there are people out there could eat more and more and more gainings more and more weight never get it. but you're pushing it. you're pushing it if you do that. it's a genetic tendency in type-2 diabetes. type one is much rarer. that is autoimmune phenomenon. type two is based on inheritance, what your weight is, whether you exercise and diet. cutting out bread. cutting out rise. cutting out pasta. cookies. get rid of the carbohydrates in the diet. replace them with fruits and developingables. >> what is the damage to your body once you get it and is there anything you can do to turn it around? >> once you get, damage for eyes in the retina. much more likely to have heart disease as a result, kidney disease and damage to the nerves where you get tingling. anything you do to reverse it,
4:51 pm
by losing weight, i will proving diet, exercising more, going on medications when needed will increase the damage what we call the end organs. you will recrease the risk of heart disease and problems with your kidneys and your eyes. get on the treatment needed change diet, lose weight, exercise. it sounds easy. it is not easy. once you start exercising and cut out caches, melissa, you're more likely to stick to it. melissa: we're trying to raise awareness. that is what you're doing, marc siegel? >> november 14th is the world diabetes day. it is biggest epidemic in the world. we talk about the bacteria and viruses. diabetes is the number one problem. weight is related. >> dr. marc siegel, thanks so much. appreciate your time. >> thank you, melissa. thanks for having me. connell: very important information from dr. siegel. we'll get back to the economy. idea of running on booming economy. consumers still could be feeling benefits of the president's tax cuts. for businesses though, seems
4:52 pm
like an different and interesting story. we'll have details next. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give it another try. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away
4:53 pm
if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters.
4:55 pm
connell: driving the economy. consumer spending continues to spike and did so in the third quarter, partially thanks to the president's tax cuts. businesses though are curbing their enthusiasm, as the wall street he had headline put it this morning. david macintosh from the club for growth where he is president to talk more about this. good to see you, david. it is interesting, right? one of the things that has driven the stock market, the economy is the tax cuts. there is not much dispute econos not much dispute about that, but the question, you know, are the best times over. and if businesses aren't spending as much as they were, i guess the answer is maybe. what do you make of it? >> yes, the key is certainty for businesses to be able to continue the deploy the capital they now have back into the marketplace. consumers spend on a cash basis, so they see their take-home pay
4:56 pm
going up because of that. there really is a middle class tax cut that was part of that, and they're spending. businesses, they plan out ahead on a quarterly or yearly basis, and what they heard in the last election was maybe the democrats will try to repeal the tax cuts. so they don't know for certain they're going to be there one, two, three years out in the future even though in the law they're a permanent tax cut. so the most important thing, that frankly, the republican senate and the president need to do is say we will reject any effort to try to repeal those tax cuts. you can plan on them and go forward and invest based on. that. connell: okay. right now, and we were showing this duke university survey on the screen, if you talk to chief financial officers -- which duke did -- they found that they expect capital spending to grow 5.7% over the next 12 months versus 11% in the first quarter of this year. so you see the back half of those charts, things are slowing down. now, we're having a debate over what to do next on taxes.
4:57 pm
i know the president at that crazy news conference the other day, one of the things that actually came occupy, and our own blake burman brought it up, was what to do about taxes. president trump hinted that he might be willing to make some sort of an an adjustment, as he put it, in order to get a middle class tax cut. that would kind of work against this a little bit. do you think that's worthwhile, giving in on business taxes? >> no. think that would be a bad trade-off. i hope what the president says is corporate taxes are what they are. i wanted them lower, so if you want to adjust them, lower them. i don't think that'll happen. but then say, hammer the democrats and say you all campaigned on a middle class tax cut. i don't need to give up the corporate tax cut, you owe it to the american people to join me in passing one and making that permanent. connell: i assume they'll come back because democrats have been accused of spending too much, but this time they'll come back and say, well, what about the deficit? >> that's right, ask your answer is the right one. the spending side of the equation is where, frankly, both
4:58 pm
parties in congress have failed utterly, and somebody needs to start leading and saying to get down -- reduce the deficit, we need to reduce the spending. connell: you can't have both then, right, because you get in a situation where if you're focused on cutting the deficit, you're not so much focused on tax relief, and then you get into the question of how's the economy growing. so going into 20, we could be looking at an economy that's slowing. are you one of those people worried about recession? >> i think if they don't do something about slowing the rate of spending increases, then there's going to be pressure for tax increases, and that would bring to a halt the economic growth. the other thing is on the trade side, the president has used tariffs which are another form of taxes to force countries to come to the table. but now that we have the north american agreement, he ought to lift the tariffs on steel and aluminum. that'll be a boost to the auto industry and the big sectors on the manufacturing side. connell: he might do that, but
4:59 pm
then there's china which it doesn't seem like he's moving anytime soon on, but i assume you're encouraging him too? >> yeah, and i was encouraged when larry kudlow said it's on the table. clean up the north american side, that'll help us with manufacturers, and then bring pressure on china. connell: yep. time frame is the thing to watch there, especially for markets. good to see you, david, we appreciate it. melissa: we want to bring you up-to-date on the latest news out out of florida. we're watching the doors open, and they say that the special election official there has violated the state constitution. they have to finish by 7 p.m.. just to add another wrinkle, marco rubio tweeting right now: new and troubling allegations have emerged. a statement under penalty of perjury that palm beach county filled out new ballots to replace damaged ones without allowing campaign representatives to witness the process of the creation of new ballots as required by florida
5:00 pm
law. so just in case you thought it wasn't dicey enough -- connell: and just a quick point, tomorrow they actually have to turn in the first unofficial results, so that could trigger the recount. melissa: that does it for us. here's "bulls and bears." ♪ ♪ david: hi, everybody. happy friday. this is "bulls and bears," i'm david asman. joining me today, jerry baker, liz peek and john layfield. well, remember the taxpayer bailouts of the banks back this 2009? could we be headed down that path again in the federal reserve now making it easier to pass annual tests. so, folks, is this sowing the seeds of another financial crisis? >> david, i don't think so. i think what we're getting is a rebalancing, a redressing of the balance that we've seen of regulation in the last ten years. the regulatory pendulum has swung very, very hard since the financial
80 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on