tv After the Bell FOX Business November 26, 2018 4:00pm-5:00pm EST
4:00 pm
urge quite a bit more than the u.s. they felt more pain. looking for potential rebound there. [closing bell rings] liz: christian, great idea. thanks for being with us. 350 point gain. the question will be can the s&p in the next six seconds punch up just enough to make it positive for 2018? that will do it for "the claman countdown". melissa: a rebound on wall street. following a steep selloff in wall street. helped by jump in oil prices and optimism for a strong christmas shopping season. the dow ending the day up 354 points, near session highs. s&p 500 in the green, flirting with positive territory for the year. tech-heavy nasdaq the biggest winner on percentage basis up there better than 2%. i'm melissa francis. what a way to get it started. connell: how about that for monday? i'm connell mcshane. this is "after the bell." we'll have more on the big market moves but here is what is
4:01 pm
new this hour. president trump making his way to mississippi. he will be returning to the campaign trail ahead of what is a pivotal runoff election for the senate there tomorrow. not before he took a few questions though from reporters on all kinds of different topics. so we're live at the white house with the latest on that. plus unrest at the southern border. hundreds of migrants pushing past mexican riot police rushing to illegally enter the united states. how the president is responding now. demanding answers from james comey, former fbi director refusing a subpoena from house republicans to testify behind closed doors on capitol hill. we'll talk about that coming up. house judiciary committee bob goodlatte who issued the subpoena to comey and former attorney general loretta lynch. he will sound off. melissa: back to the markets. the dow snapping a four-day losing streak, by shares of american express and microsoft. susan lee on floor of new york stock exchange. susan.
4:02 pm
>> so close guys, so close getting back in the green for 2018. so close to get back into positive territory for the s&p 500 recovering after four straight days of losses, recovering from they are calling oversold condition. financials, technology, and retail leading the advance, given it is cyber monday. we're expecting a record amount to be spent online. up 18% from last year. that shows strength in the u.s. consumer. look at amazon, up 5%. way fair, ebay, people are doing a lot of online shopping. expect to bring in sales close to $8 billion or so. check in on traditional retailers. there you go. overstock being a underperformer in the entire session, amongst the names that we've been tracking so far today. now another point of rallying markets is the oil trade. we are down 11% last week, due to some of the worst days in years for oil, bouncing back a little. really carrying with it, a lot
4:03 pm
of these big energy stocks as well. that is one of the leads for the market. a lot of people pointing to the fact a lot of people got this trade wrong. meaning they were long oil and short nat-gas. that has unwound i guess in the past few weeks or so we'll look at bragging rights for the largest company in the world. we know apple was first company to cross the trillion dollar mark. p they have lost that crown to microsoft. topped them during the session. as you know the stocks are ratcheting up so much this year. it has been a seesaw battle between the top four names. top it off with general motors, taking most of the headlines. gm laying off 14,000 employees across the u.s. and north america and canada as well. back to you guys. connell: president apparently not happy about that which we'll talk been at panel. thanks, susan. liz peek, columnist for
4:04 pm
foxnews.com. jonathan hoenig from the capitalist pig hedge fund. both are fox news contributors and welcome to you both. liz, we get a bounce-back. we end near the session highs. we point or show short of positive territory for the s&p but if you want to about glass half full today, look at jonathan already laughing a positive shopping season underway, right? we're spending like crazy online. what is that saying about the economy is. >> the consumer is in great shape. we talked about this for weeks. let's look at main street and not wall street. main street is really happy. wages are going up. unemployment near five-decade low point, consumer sentiment is very strong. so those things are not imaginary. connell: no. >> they do drive spending. they did drive spending over last several days. we see retail, holiday sales numbers, all those things are extremely positive. connell: we have other issues, jonathan. maybe that is why you're
4:05 pm
chuckling. we have fed speech by powell later in the week and g20. trade is one of your favorite topics. here is the president a short time ago on the north lawn of the white house talking about meeting with xi xinping. >> it could happen. we have a good relationship. here is what the bottom line is. china has to treat us fairly. they haven't been. they have to treat us fairly. connell: he was responding to a question whether there could be a deal. it could happen. so that would help. >> it would help the markets, despite today, connell, it has been a tough go. this is the worst thanksgiving week for markets in something like 80 years. today a great snap back. look at market internals. only 21 new 52-week highs. 160 new 52-week lows. including important sectors like steel, like high yield, like coal. general electric, new 52-week low, 7 1/2 dollars for that stock. to me today's action, connell,
4:06 pm
one sparrow does not make a spring. great move today, but i think this is bull move in a bear market. melissa: americans are shopping online today on cyber monday. sales are expected at $7.8 billion. that is nearly an 18% increase from last year. this coming just days after foot traffic fell in stores on black friday. so surprise there. jonathan hoenig, what do you think? >> americans are doing a lot of shopping but shopping and consumer confidence was again, melissa, i'm not the glass half empty person. melissa: yes you are. connell: you are too. >> these are lagging indicators. melissa: yes you are. >> surprising to me what retail stocks are at fifth week highs or anywhere near to it? this is lagging sector. this is lagging indicator for a weak consumer. melissa: but, liz, i'm talking about the difference between shopping online and going into stores. my mother-in-law went to million stores this weekend. she is the only person i know.
4:07 pm
rest of us went online bought all of our stuff. i don't think i've not been inside after store for a year and not because i'm not buying stuff. >> that is because you work so hard for a living. that is not is surprise. it is bitter cold in the northeast and that probably had something to do with the numbers. look at totality of spending over several days. it is not just black friday, or cyber monday anymore. these deals started tuesday or monday of last week. they go through today. it is like a week. a great kickoff to the holiday season. everything i see suggests it was great holiday spending week. connell: another interesting story today, arguing its customers should not be allowed to sue it over the way that apple runs its app store. edward lawrence, at the high court with the latest on this edward. >> this could be a big deal for apple shareholders. the supreme court could decide
4:08 pm
that the iphone app store is a monopoly and then customers would be eligible to sue apple for damages based on overpaying because it is a monopoly. apple argues this case should be thrown out because the only damages would be against the developer. the developers are charged a 30% commission for each of the apps. this lawsuit was brought by customers, not developers. now some supreme court justices zeroed in on the fact was apple actually the first point of contact, first point of sale? or is it just a pass-through mechanism in order to get customers and buyers put together? now the petitioner says that apple does take the paychecks from customers, takes their money, keeps 30% commission, passes on the rest to developers. apple claims that they just connect developers and that is their way of doing that, going, the developers with the customers. this could have big implication on future earnings of the app store. there could be competition to the app store itself. 31 states have joined the customer side of this, including
4:09 pm
texas and iowa. the trump administration sides with apple on this. a decision could come in late spring. back to you, connell. connell: edward lawrence at the supreme court. general motors also a big story today, meeting at the white house. the gm ceo mary barra sitting down with larry kudlow just hours after gm announced plans to slash 15% of the north american workforce. the president says he is putting pressure on gm. listen. >> we don't like it. i believe they will be opening up something else. i was very tough. i spoke with her when i heard they were closing. this country has done a lot for general motors. you better get back in there soon in ohio. connell: yeah, jonathan, what do you think. the president doesn't like the move from gm? >> general motors would like to be expanding. they have lost something like a billion dollars over the last years thanks to the president's tariffs. they're dealing with a lot of factors. connell: he said mary barra told
4:10 pm
him it had nothing to do with that. >> general motors told wall street something very different. the stock price reflected gm's before today's slight bounce-back, down 18% over last 52 weeks. ford down the same. tough time to be a steelmaker give the fact u.s. steel is among the most expensive in the world thanks to the president's tariffs. connell: that is interesting. that was brought up on the south lawn of the white house whether the trade war had anything to do with this. gm says no. at least that is what mary barra apparently told the president. they're getting ready for future, shifting towards autonomous vehicles and electric vehiclessals. getting out of sid dance and all the rest. market likes the gm news if you cut costs. what do you make of it? >> they cut costs. by the way, their vehicle sales had been declining. they had a terrific third quarter, but that was on the heels of raising prices not selling more cars. this is an incomplete story. we don't know where they're
4:11 pm
taking production out of ohio and other plants in the midwest. it is not really clear to me. for example, one of the big winners has been sales in china. are they moving production there, because that would really set off the president? connell: he was angry about that. don't make the cars there. it makes it more expensive for an american company making them here trying to ship them into china, except tesla. >> that is politically difficult thing for the president. it is not great for general motors. he is right. during the recession, the financial crisis, taxpayers stood up to general motors, bailed them out. they were in big trouble. they have done a lot to restructure. it would be discouraging to think that those restructuring moves were not long-lasting. connell: we have to move on. thanks so much. melissa: did you do any shopping in stores on black friday? connell: i don't, so with you on this. glad we agree on something. not that we don't agree. i don't remember, last time in a store was on friday, i was there
4:12 pm
for fox news channel for "your world." i was paid to be there. melissa: i will pick something i will buy online. i don't want to stand in line at the register. connell: as long as we're spending. it is good for the economy. doesn't matter. it is all good. melissa: james comey is coming under fire. why the former fbi director is fighting back after being subpoenaed by house republicans. bob goodlatte, house judiciary committee chairman joining us. that is coming up. connell: president trump is in mississippi. he will hold campaign rally this is even egg. we have a live report on the ground later in the hour. what we can expect from the commander-in-chief. melissa: getting tough on the border. the trump administration cracking down on immigration as thousands of migrants seek entry into the u.s. >> we have to be prepared to stand up to that and to do whatever is necessary. i mean, either going to have a country and have a border or you're not going to have a country. ♪ remember sales event.
4:13 pm
4:16 pm
connell: president trump currently enroute to mississippi. he will be campaigning for the republican senate candidate cindy hyde-smith ahead of the runoff election there against democratic opponent mike espy. before he left though, as become his habit he stopped to speak with reporters on the south lawn and touched on a variety of topics. with that, bring in blake burman from the white house with more. blake. reporter: hi, there, connell. the president was asked about the tweet earlier this morning when he threatened to shut down the southern border because of what happened at one of the border crossings it was shut down for a handful of hours after a handful of migrants made their way across the border and tear gas ensued. president defended the use of tear gas. >> they had to be use it being rushed by some very tough
4:17 pm
people. they used tear gas and here is the bottom line. nobody is coming into our country unless they come in legally. reporter: the president also asked about russia's latest intervention as it relates to crimea. the president is saying quote, he is not happy about it. there was an emergency meeting at u.n. security council earlier today and outgoing u.n. ambassador nikki haley ad these sharp words for moscow. >> the united states will maintain its crimea-related sanctions against russia. further russian escalation of this kind will only make matters worse. it will further undermine russia's standing in the world. it will further sour russia's relations with the u.s. and many other countries. it will further increase tensions with ukraine. reporter: back to the president, connell. when he left here weighed in as well on the "brexit" negotiations. the president saying he thinks it is a good deal for the eu. he also added he is worried about what it could mean as it relates to trade and the uk
4:18 pm
going forward. connell: all right. trade ahead of the big meeting with xi xinping later in the week. blake burman at the white house. melissa: here to react to all this, dan henninger of "the wall street journal." editorial page deputy editor and fox news contribute tomorrow. thanks so much for coming on. let me start with the border issue and pictures we saw and all dramatic live shots various stations are doing from down. there. both sides are saying that their point is being proven correct this is playing well for them. either on the republican side, saying we told you they were coming faster than ever, they would break doesn't fence. the other side saying look at the poor women and children trying to flee over the fence. then some other people saying the obama administration did the same thing with tear gas, no one cared. who is right in all of this? >> well i don't think anybody is really quite right here. i think there is a lot of public sympathy for the dilemma that president trump finds himself in. these caravans made their way to tijuana. they're pushing across. the idea that the president
4:19 pm
should not be resisting, i mean democratic criticism is no solution whatsoever. they aren't proposing a plan b. that is the problem here, melissa. nobody really knows what to do about this situation down on the border. the president has proposed and kind of seeking a compromise with mexico to have them come in through ports of entry. have the mexicans hold on to people inside of mexico longer while we try to process some asylum-seekers better on the u.s. side of the border. dealing with people simply pressing their way through the fence like that is a problem that no one seems to have a solution for and that is not going to go away. it is like trying to make the sand dunes higher in front of the ocean. it isn't going to work. melissa: a lot of people make the point if these people are actually seeking asylum, they're coming from a place where the rule of law has broken down to the point where they're afraid for their lives, so it is a little bit ironic the first thing that would happen, they're fleeing to a country where they
4:20 pm
hope the rule of law will keep them safe but by doing so the first thing they're doing is breaking that law. so you know, it seems like it is very contradictory in its nation. maybe everybody should look to the people writing the laws. isn't it only congress really, not even within the president's power to fix this necessarily? >> yes, that's right. and, look, sure there are 5000 or so people down there in tijuana. they come from honduras and guatemala. there are at least two million refugees on the move from south sudan. perhaps six million from syria. those people came from situations much worse than anything that is going on in honduras or guatemala. but they're not simply trying to force their way into the united states. i do think as you suggest the burden here falls on congress for not coming up to any kind of a solution to the snow of immigrants into the united states. it needs to be rationalized. it is not going to simply disappear no matter how many
4:21 pm
troops we send down to the border. at the moment the president is left with the option of simply trying to push back. melissa: when you look back, you look at sound bites and stuff, president obama, past presidents said, past senators said exact same thing, we can't let people lawlessly come into the country across the border. the same language out of president trump's mouth is racist. he has beaten the drum, drawn more attention to this past issue than past presidents. is that working or is it just causing a bigger problem do you think by amping up the volume on really saying the same thing other presidents have said? >> well, it is true that president obama was very tough. he had a very high level of deportations during the obama years. i guess one reason you won't see democrats pushing this issue too hard in the 2020 election, because their presidents have been as tough on these migrants as anything trump is doing. if i had any advice, trump should start getting tough on congress. there has to be a legislative
4:22 pm
solution there somewhere. both democrats and republicans if they do not address this, you're going to see those people pressing their way north indefinitely. so i think the president would exercise some leadership and push, lean hard on the democratic house next year and republican senate, then perhaps some progress could be made. melissa: come up with a solution. dan, you are right. thank you. connell: dan, stay there one second. we have breaking news that is very, very interesting and could be important for the markets tomorrow. listen up. maybe we get a quick reaction from you. the president in an interview with the journal, "the wall street journal" he does say he plans to move forward boosting tariff levels on the $200 billion of chinese good to 25%, going from the 10 to 25%. the interview says it is highly unlikely he would accept an offer or request from china to hold off on the increase. real quick, dan, breaking now "after the bell." the president says going from 10 to 25% is likely.
4:23 pm
that's really what the markets are looking for this week. what do you make of this? >> we'll see what the markets do tomorrow. the problem here is that these tariffs, or this tariff negotiation looks to become a chronic situation. in other words the tariffs could be imposed on china january and they could become semipermanent. the president i know is obsessed with the trade deficit. markets, not to mention people involved in the supply chain, global supply chain in this country like general motors incidentally, are going to have a difficult time surviving long term tariffs on 25% on china. connell: that is a big move. it will actually happen, going up 25%. thank you, dan. breaking news. melissa: coming close to death is elon musk saying almost happened to tesla but could it happen again? he is issuing a warning over artificial intelligence.
4:24 pm
what musk is saying we must do to avoid a potential crisis. e i because of depreciation. if your insurance won't replace your car, what good is it? you'd be better off just taking your money and throwing it right into the harbor. i'm regret that. with new car replacement, if your brand-new car gets totaled, liberty mutual will pay the entire value plus depreciation. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪
4:27 pm
connell: elon musk opening up in a new interview shared a near-death experience for tesla after the company went through a eventful year. take a listen. >> the company was bleeding money like crazy and just, if we didn't solve these problems in a very short period of time we would die, it was extremely difficult to solve them. >> how close to death did you come? >> we were within single-digit weeks. connell: lance ulanoff the tech export join us. i have done the math. that is less than 10 weeks. what do you make of the comments from musk? >> not surprising. if you were paying attention all year long. it was a struggle. he was working 120 hours a week. he was sleeping there. they built entire second factory next to the original factory
4:28 pm
just to meet all the model 3 owners. it was -- that doesn't even count all the other stuff that went on this year. so i was not at all surprised how close things came to going down. connell: to at least needing to raise more money, if nothing else going under. >> right. connell: interesting to me, maybe just me. i'm more interested in hearing him talk, whether on the podcast with joe rogan or this interview with "axios" about a.i., artificial intelligence. >> yeah. connell: we'll play one more clip from the interview. this is nothing short of the end of the world for elon musk but take a listen to this. >> we have a.i. which could destroy civilization. we have global warming could destroy civilization or at least severely disrupt civilization. >> how could a.i. destroy civilization? >> you know, it would be something in the same way that humans destroyed the hand at that time of primates. i mean, it wouldn't necessarily be destroyed but, might be
4:29 pm
relegated to a small corner of the world. connell: we're off in the corner while the robots run everything. once he gets through that, lance the interesting part when he talks uses the word symbiosis basically, he has a company, neurolink, that works on this, we would basically merge with the machines. instead of a phone in your hand, the whole thing would be in your head, literally implanted in your head. he is on to something here or completely out of it in your view? >> the way you said implant says it will be very difficult for average consumers to get with the idea of having something implanted. i do know people in norway are having little chips implanted in their bodies this is a brain link to a computer. a direct link to a.i. so we could be on a level playing field. connell: right. >> i get what elon is saying. he is really nervous about the rapid growth of ai. he is open. helped sponsor the open a.i. project. he wants to keep track of it. he wants to make sure we keep
4:30 pm
pace with it and we don't take our hands off the wheel and a.i. is controlling everything but to be honest, that is decades away where we can have any a.i. that could think about a human. connell: he says the idea is decade away. one of those things may sound crazy but definitely worth listening to. he is fascinating to listen to on the subject. finally on mars, did you see the mars thing, like 70% chance he will travel to mars after the recent spacex break throughs saying mars travel, it is not just rich people's escape hatch because it involves high-risk you might die on mars, might get there and not come back, but 70% chance elon musk goes to mars. what do you make of that? >> i'm not surprisessed. elon is interested in us becoming us a multiplanetary species. he always puts his money where his mouth is. he understands the risks, some day we'll be waving good-bye to
4:31 pm
elon as he heads to mars. even he understands he will not come back. most people go to mars, it is a one-way trip, a $200,000 trip if it happens in his lifetime. the exciting thing he is right there with spacex, with the company going to do it. i love what spacex does. i'm always so excited about stuff. he said something important. i've seen some recent developments in this area that really have me excited. when he says that, it means something big is coming. connell: we get lost in a lot of stuff that happens with this guy. it is interesting, whether it all happens or not. interesting to listen to anyway. lance, thanks for coming on. >> pleasure. connell: make a list of people we want to send to mars, you think? one-way trip. >> i got that part. that was good. a record-breaking day for online shopping, amazon fulfillment centers are busier than ever. one in illinois completely lost power! how this could impact your deliveries. president trump landing in
4:32 pm
4:35 pm
connell: more breaking news on trade. we noticed apple's share price after-hours started to go down after president trump did an interview with the "wall street journal" said, tariffs could be placed on iphones which hasn't happened to this point, on iphones and laptops imported from china. that is part of the interview we
4:36 pm
talked about from dan henninger a minute ago. when asked about consumer reaction, the president said i can make it 10% and people could stand that very easily. melissa. melissa: blizzard-like conditions in the midwest across the northeast making travel following the holiday weekend a real challenge. the storm canceling thousands of flights. knocking out power to 200,000 homes and businesses just in illinois alone. parts of the state experiencing wind gusts up to 50 miles per hour. connell: that extreme weather is having an impact on holiday shopping and on holiday deliveries. jeff flock. melissa: oh, no. connell: he knows it all too well. jeff flock spent all day long at the amazon fulfillment center. you know, the one that lost power from the storm. that is why he is outside. melissa: nice coat. connell: hi, jeff. >> this would be such a fun day inside the nice warm amazon fulfillment center watching boxes fly around.
4:37 pm
the busiest shopping day online in history. power went out 2:00 a.m.s as you report, heavy blizzard conditions, big winds, knock the it out for the overnight shift, lost power. lost heat. morning crew came in. no power. the folks at amazon were not thrilled to have tv news crew show a darked facility with everybody standing around looking at each other. we're outside on the street. we have pictures of what one of those facilities look like inside. there are 110 nationwide. this is the only one that lost power today. boy, what are the chances of that? about 109 to 1 i suspect. at any rate amazon report as good day. they had a lot of deals. as i said if the prognosticators are correct will be the busiest online shopping day in history, the folks at amazon happy to be somewhere where it is warm. melissa and -- connell: connell. we're not laughing at you, jeff.
4:38 pm
just with you. what are the odds. stay warm. that is it for you. take the rest of the day off. melissa: every other amazon, it was all working, only place there was no power where jeff was. or did they shut out the lights when showed up? i don't know. i don't know. i'm sure that is not it. i'm sure has nothing to do with that. he is standing outside. connell: he was ready with the coat. he is always ready. always ready. melissa: come on down, james comey! house republicans hitting the former fbi director with a subpoena. why he is saying he is happy to talk, just not behind closed doors. if there is no audience, what is the point? house judiciary committee chairman bob goodlatte responds. that is next.
4:41 pm
but some give their clients cookie cutter portfolios. fisher investments tailors portfolios 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. melissa: vowing to resist, former fbi director james comey responding to a subpoena from the house judiciary committee, tweeting quote, happy thanksgiving. got a subpoena from house republicans. i'm still happy to sit in the
4:42 pm
light and answer all questions but i will resist closed-door thing because i have seen enough of their selective leaking and distortion. let's have a hearing invite everyone to see. that cough was me. bob goodlatte, chairman of house judiciary committee. pardon me, why do this behind closed doors? >> well, melissa this is part of an ongoing investigation nearing its completion. we've talked to more than a dozen witnesses, all with transcribed interviews in private settings. that is how investigations are conducted. the director i'm sure in all of his years as director of the fbi and as an investigator and attorney never, ever, conducted an interview or investigation in public. we have hundreds of questions to ask. the rules of the committee, when you have a public hearing, allow each member to ask five minutes worth of questions. and that doesn't permit the kind
4:43 pm
of in depth interview by former prosecutors like trey gowdy and john ratcliffe and other investigative staff on the committee to ask the hundreds of questions we have for mr. comey. so he has been dodging us for months now, refusing to come in and cooperate like everyone else we have asked to come in has cooperated. and now he has this dodge of let's do a public hearing. we're not looking for a circus. we're looking for answers and that is what we intend to get. why it was necessary for us to issue a subpoena, by the way was served on his lawyer who accepted it by email. there was no disruption of anybody's thanksgiving. melissa: what is your first question for him? what is it that you want to know specifically? >> well, he was the lead at the fbi and the lead in an investigationtive process regarding both the hillary clinton email matter, and the so-called, trump russia collusion matter.
4:44 pm
and we have hundreds of questions to ask for him about why he conducted himself the way he did. there is an inspector general report out more than 400 pages long, that criticizes him up and down for how he handled the clinton matter. the other matter is also being investigated by the inspector general but we are comparing these two actions by a small group of people at the fbi lead by the director but also the deputy director, the general counsel, and others at the fbi and the disparate way they handled these two very important investigations is quite frankly stunning. we're trying to get to the bottom of it. he is one of the last witnesses we need to talk to and -- melissa: when you say you want to get to the bottom of it, what is the end goal? we see a lot of hearings but seems like nothing happens as a result? >> end goal is very simple. we're making a lot of progress toward that. the end bowl is to make sure
4:45 pm
that the fbi never ever interferes in a federal election the way they interfered in this one. both democrats, republicans, i guess independents should be concerned about how this matter was conducted by mr. comey. after all, i would be concerned if i were a democrat to the fact that he reopened the investigation and publicly announced that which is not fbi protocol, a week before the election in 2016. melissa: chairman, thank you so much for your time. i appreciate it. i apologize for coughing all over you. >> not a problem, thank you. i hope you're feeling better. thanks, melissa. connell: i'm almost in the same boat. now on deck, here is what we have this week that will be moving markets. it's a very, very busy week. this is only part of it. third quarter gdp is released wednesday morn right before the market open. thursday you have the labor department releasing weekly jobless claims. when we move on to friday, you get to the g20, right? the first day that leaders will
4:46 pm
be in buenos aires and president trump's big meeting with a number of world leaders. the big highlight apparently will be xi xinping. that is the week to come. heading to mississippi. that is the night to come for president trump, touching down in the state any moment, hoping to push cindy hyde-smith over the finish line in the runoff election for the senate tomorrow. will his efforts work? that is next. we opened our doors with 70-megawatts, 35 mules, and an ice plant.
4:47 pm
but we brought power to the people- redefining what that meant from one era to the next. over 90 years later we continue to build as one of the nation's largest investors in infrastructure. we don't just help power the american dream. we're part of it. this is our era. this is america's energy era. nextera energy unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods.
4:48 pm
simple. easy. awesome. click or visit a retail store today. it's a revolution in sleep. the new sleep number 360 smart beds are on sale now during ultimate sleep number week. it senses your movement, and automatically adjusts to keep you both effortlessly comfortable. it can even warm your feet to help you fall asleep faster. so you wake up ready to spin into the holiday season. don't miss ultimate sleep number week. it's the last chance to save 50% on the new sleep number 360 limited edition smart bed. ends cyber monday. sleep number. proven, quality sleep.
4:49 pm
connell: president trump is about to land in mississippi. he will be there to rally support for the republican candidate for senate, cindy hyde-smith ahead of the runoff election they're holding there tomorrow. peter doocy from fox news is on the ground in biloxi, mississippi. he joins us there ahead of the rally. reporter: connell, this is a
4:50 pm
runoff, not a recount. so both campaigns are out there reminding voters even if they cast ballots three weeks ago, they have to go back tomorrow or else it doesn't count. they have another bite at apple tomorrow, tuesday, three weeks after the election. the democratic candidate mike espy is out and about, crisscrossing the state, glad-handing with potential supporters and fielding questions about recently unearthed and controversial comments made by senator cindy hyde-smith, jokes about discouraging young people from voting and public hangings. >> her comments on the public hangings, i'm just going to repeat what i said already. they were very disappointing. they are harmful and hurtful. they were, they were, they were, hurtful to the millions of people in mississippi of good wil who just can hear what that means and, they can sense that it's a throwback to a bygone era we're not going back to again. reporter: her comments have
4:51 pm
become a center piece of both campaigns and out-of-state corporate donors to the hyde-smith campaign asked for their donations back. hyde-smith make mo necessary take a vote for me is vote for donald trump and maga. why liberal mike espy and radical dnc targeting our campaign for defeat. we need to make sure every mississippi conservative gets on the polls 11-27. #cindy 2018. hyde-smith will benefit from what rallies on same evening. that is unprecedented. president since he took over has never ever gone to a single state for a single candidate to host two different rallies within hours of each other, ever. connell: that is the benefit from her point of view, having a runoff election. only election. her comments, we've all been hearing about them for some time, her comments are getting a lot of attention. we understand that but what
4:52 pm
other kind of big issues are on voters minds ahead of this election, peter? >> for the democrat espy there is a lot of talk about health care which obviously democrats had great success with nationally as they won back the house three weeks ago, but for cindy hyde-smith, the focus is almost entirely on closeness to president trump and being a vote to advance his agenda. you think three weeks ago, not that long ago, but things like brett kavanaugh, that is all ancient history. for her, it is about trump, they are going there, doubling down tonight. connell: makes sense. the kind of race you would think he could help n we'll see how it turns out. peter doocy in mississippi. thanks, peter. melissa: ready to lead the house. why former speaker tip o'neill's son says nancy pelosi is the best person for the job despite what the critics are saying. tom o'neil joins us after the break. (speaking in italian) prenderro dieci biscotti...
4:54 pm
eeee twelvé bomboloni... i just got my ancestrydna results: 74% italian. and i found out that i'm from the big toe of that sexy italian boot! calabria. it even shows the migration path from south italia all the way to exotico new jersey! so this holiday season it's ancestrydna per tutti! order your kit now at ancestry.com
4:56 pm
>> nancy pelosi coming out of thanksgiving weekend looking more secure in her bid to take back the speaker gavel than she did going in. maybe and there are still some serious potential challenges to her on the democratic side. democrats will vote on wednesday. that is expectation. tom o'neil joins us now, the son of tip o'neill, former speaker of the house. so much talk about his reaching across the aisle at the time to work with then president, ronald reagan. also the founder and ceo of o'neill and associates, former lieutenant governor of massachusetts. thank you for coming on. we read your piece in which he talked about nancy pelosi saying she is the right person for the job as speaker. are you comparing her in some ways to your dad or -- >> very much so. she's been in congress for over
4:57 pm
30 years. majority whip, majority leader, has been the speaker, all of the background one would want. she may very well be in the entire congress the most central person on the spectrum that you can find. she is perfectly set for leadership once again. >> i'm sorry to say you say she is the most centrist is that what you're saying?>> yes. because a picture must be will have of hers that she is far to the left of center. why is that wrong? >> i think it is wrong because tens of millions of dollars have been spent during the course of the elections, i think in fact she is far more centrist than the tone of those advertisements would have you believe. >> was to say that you're right and she would get a prance to prove that over the next however, many years and that she would work the next two years with president trump .
4:58 pm
here is the question i have for you. it is a different time now, isn't it? your dad was working with ronald reagan in the 80s, now we're into 24 7 news, our network and all of this. it is a different time in terms of compromising and work together on issues and does not play into this as much or more than who the personalities are? >> it does but i might also say whether you are democrat or republican running in the midterm, everybody at one time the central thing the talk about beyond nancy pelosi was work has to get done the nations capital. people across america are just fed up with this do-nothing congress. and the inability to have progression in legislation and oversight. so they have got to get to it. frankly, she couldn't be better poised or positioned to take over the speakership. and she can pull a tip o'neill
4:59 pm
or ronald reagan. >> it is infrastructure change. it is making sure that the infrastructure of america is going to be on solid footing. i think governments can also come in education, healthcare, finances and i think it needs to be dealt with. >> that is an interesting picture on the screen. you can pick up the faces, right? you have alan greenspan, bob dole next to tip o'neill, that was 1983. thank you -- >> everyone had their arms extended in friendship and let's go forth. >> we will see, thank you tom. thank you for coming on. >> touching down on the red planet, nasa reached mars after traveling 300 million miles in adjourning lasting six months. this is the space agency first probe landing inside the planet in six years and it will dig
5:00 pm
deeper into the planet surface then nasa has ever gone before. that is cool! >> it is cool. no elon musk this time around. [laughter] 70 percent he says that he will end up on mars at some point. they go. but that is cool. >> i cannot wait to see what it finds. that does it for us. >> thank you for joining us today and every day. "bulls & bears" starts right now. >> hi everybody, this is "bulls & bears" thank you for joining me today. i am david. today on our panel, we are going to get right to it. president trump slamming gm's decision to cut 15 percent of the salary in the workforce in north america also pretended to
99 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on