tv After the Bell FOX Business November 30, 2018 4:00pm-5:00pm EST
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boy i will tell you something, boy, it only just begun. a big moment in buenos aires, argentina, is that meeting between xi xinping tomorrow night and president donald trump. [closing bell rings] markets wrap up november in the green. they're seeing best performance in behalf of two years. on behalf of new york based crew, that will do it for "the claman countdown." melissa: here we go. the meeting we're waiting for, stocks rising ahead of the formal sit-down between president trump and xi xinping. the dow's best week, wait for it, since the 2016 election. connell: really? that's amazing. melissa: s&p in the green. nasdaq as well. both up for the week after a terrible week the week before. they were both down nearly 4% apiece. i'm connell mcshane. connell: i'm france france. this is "after the bell." we have .
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>> president signing a new trade agreement taking place of 1/2 at this. we're live on the ground in argentina with very latest on all of president trump's meeting, what you can expect from the big one, the high-stakes dinner tomorrow night with president xi xinping. we're also following breaking news at this hour. this massive 7.0-magnitude earthquake that struck in alaska. just about seven miles from anchorage, knocking out power, causing major damage to roads and buildings. the governor of the state issuing a emergency declaration, telling residents he was working with first-responders to insure that everyone is safe. now here is a tweet from the president on the earthquake. to the great people of alaska you have been hit hard by a big
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one. please follow directions of the highly-trained professionals there to help you. your federal government will spare no expense. god bless you all. we'll continue to keep you updated on this story with new developments throughout the hour blake burman is on the ground in buenos ares in argentina where all the action is. for. >> for years as candidate and president he talked about possibly replacing nafta. today he signed its possible replacement. that being the usmca. standing alongside mexico's outgoing president and canada's justin trudeau, the president
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called this a winner for north america including america's ag and auto industries. >> our nations have also agreed to innovate. new measures to insure fair competition and promote high wages and higher wages for u.s. and north american auto workers. this will help stop auto jobs from going overseas. it will bring back auto jobs that have already left. reporter: the latest news from gm could temper expectations for auto industry and usmca the white house, the president, they feel burned by gm's decision, because they believe the umca will indeed help that industry. congress will eventually have its say on this they will communicate, discuss, negotiate with the white house how this will potentially be implemented as potentially, because eventually both the house and senate will have a vote on it. as for the president here in argentina, his meetings for today, meetings with world
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leaders, one-on-ones are wrapped up. tomorrow, they resume and they end of course with the high-profile one, that dinner between president trump and president xi of china where trade will come front and center. connell. connell: all right, blake. that sets up kristina, what was driving the markets ahead of the meeting blake was talking about. >> that was a perfect setup. the dow up over 180 points. the s&p 20 and nasdaq 50 points. i want to look at intraday. that is when you really saw movement. a comment from chinese official at g20 summit, the moment, u.s., china negotiations are on going that there are points of consensus on trade. you saw literally shares start to skyrocket just in the afternoon. and end in the positive. but if we head over and start looking at some major averages for this week and month, we can see there was talk today about this death cross. it's a chart pattern, when you
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have the 50 day moving average actually crossing go below the 200-day moving average, sometimes that is a big sign you may see a potential selloff in the future. there is some concerns about that. across the board markets closing higher, for this month of november. if we actually switch over to look at oil, so oil, we know actually saw below $50 u.s., a barrel. today closing at about 50.77 u.s. pretty steady throughout the entire day. there are expectations next week there will be a production cut coming from the opec meeting. so there is optimism over there, given excess surplus in the market. i went in on this one last story has to do with facebook. i feel like a lot of us still use facebook, constantly in the news. there was new report in "the new york times," sheryl sandberg, coo of, or second-in-command at facebook actually required to ask her employees to look into billionaire george soros after
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he gave a comment at the world economic forum, literally saying that facebook and google are menaces. sheryl sandberg, company facebook, said they have actually been looking into it for a while to see if he, george soros, could potentially benefit in the stock fell. in other words if he shorted the company, they have been researching this for quite some time. story of facebook continues to be ongoing. back to you guys. connell: he wants to know if he was short the stock. kristina. thanks. let's go to the market panel, talk about the action with jack hough, "barron's" senior editor and scott martin. what do you make of bidding up the market in anticipation of this big sit-down tomorrow. i guess investors are hopeful? >> you read that right, hope is a good word, connell. it just goes to show you how really dependent market on the trade working out. the volume was kind of light t
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wasn't the passionate buying we saw on wednesday, for example. take that with a grain of salt. goes to show you, any news, talked about in the previous hour with liz claman. any news that comes out that is somewhat progressive, somewhat constructive, maybe a deal worked out, maybe tariffs forgotten for january 1st, as far as increases will be good for s&p, there is excitement a deal is nearby. connell: comment, that kristina partsinevelos referenced there is maybe points of consensus on trade. we're trying to read between the lines because we don't have anything else to go on yet, what might those points be, do you think? >> i couldn't tell but the chinese are looking at more than 100 points. not dealing with all of those. if this thing doesn't end with a shouting match or food fight -- connell: that's a win. >> won't get any consensus double down on the tariff war i think that's a win. this is coming off from the president, start calling it trump nafta, what does it say
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where we were. i hear it is little bit better. i don't hear it is worse than it was before. everyone seems to agree it's a little better. people are hoping for same resolution with china. something a little better, and move on. neil: the critics of the usmca. >> you tremendous trumpta? connell: not willing to go far. it is not that much different than the old one. that is their basic criticism. not they made things worse. that is our standard, scott, we don't want to make things worse. have you ruled out a food fight tomorrow night as jack says? they have to walk out of it with something, right? hey, we've made progress. >> i like the idea. i don't know if they give the guys silverware in case something breaks out. those could be weapon unless they're plastic. that would be funny to think about, meeting with plastic silverware. you're right about the notion, connell, don't want things to be too worse. in some cases guys, with the
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workout of all the trade deals and some negotiations with foreign nations. don't want to make them too good either. are is more improvement that trump seems to want to hold back. just like these trade talks. one step forward from cud loy. a couple steps back from trump. two steps forward, three back, this is kind of process with the negotiation. i think that will continue here. connell: could be, jack, if you're optimistic, just a negotiating stance. good cop, bad cop. pence comes in, tough speech. president comes in to make some sort of a deal. that subpoena otherwise mick but it could happen. >> when i talk with company chiefs, what they tell me, there is nothing here they will live and die on. what they say we want some clarity. we want to know what the rules are so we can get back to making money. they can make money in just about any environment. they just can't clarity. connell: we'll see what happens on monday, we presume we'll have a little more information. jack, scott, thanks. melissa. melissa: taking a closer look on the ground at. g20, russell abrams.
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he is in buenos aires. thanks so much for joining us. we're happy to get your perspective because you are an investor here from the u.s. who is heavily invested in many different parts of the argentine economy so you have a lot at stake down there. what is it like on the ground? what is the mood like? what can you tell us we're not seeing from our vantage point here? >> i think what we're seeing is the argentine government has really rolled out the red carpet for american investors and american government in terms of removing bureaucracy, trying to create a very easy way for foreign investors to have access to the market. that is something very knew for argentina. melissa: is that one of the reasons why they're hosting the g20, trying to get more exposure for argentina to the rest of the world? >> i think them hosting the g20 has been a tremendous opportunity for argentina's showcase. the fiscal responsibility, the administration has brought to the government. the currency was devalued.
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at this point now there is no money printing which is shock for argentina standards. fiscal deficit going down to zero. you will see a collapse in inflation here very quickly. so the platform for a very stable investment environment has been created. although consumer here is not seeing it, you are seeing it in terms of the infrastructure is in place for a very large amount of investments to come into the country and to really create the credit that is required to grow this economy. melissa: i'm sure that people in argentina hope that what you're say something absolutely true. it comes to fruition. let me ask you about the buzz on the ground. from here, it seems to be all about these meetings that were on and then off the president canceling them. the meeting he was supposed to have with vladmir putin. we're all watching body language, when leaders get together. what are some things people on the sidelines are talking about?
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>> i think two critical issues is chinese investment in latin america does not come without strings. those strings are very painful for the latin american community in terms of dealing with the chinese government, all costs associated with that. this is something clearly a bit of tension with the united states as well, in terms of united states natural its in the region. so i think that is clearly the biggest issue. as well as you know the situation russia with difficulty of the ukraine. melissa: so russell, that is really interesting because you say people in argentina are bristling at the same problems of dealing with china. do they feel hopeful that the president is making an advance on america's behalf and do argentinians or the government feel like they can piggyback on any of those advances? >> well, president macri and president trump have a very strong relationship. president trump made it very clear he understands the impact of chinese influence in latin
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america. that is obviously a critical point in terms of security interests for the united states. investments, having a stable government. argentina is very pro-business, as well as all of south america, except for venezuela. melissa: interesting. >> president trump i think is doing everything possible to support the existing argentine government, continuing those pro-growth types of policies. melissa: russell abrams, thanks for coming on. we appreciate it. connell: really good perspective to get today and unique. melissa: interesting. the other countries are watching this, thinking maybe we can get china off our back too. interesting. connell: we'll see what happens over the weekend. we'll go back to argentina with liz claman who is there later on in the hour. market moving exchange with the trade rep robert lighthizer earlier in the day. we'll keep an eye on that. we're keeping an eye on the magnitude 6 earthquake that hit alaska and the details there. look at this picture coming up
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damage actually reported as a result of a major earthquake, a 7.0 earthquake hitting seven miles outside of anchorrage in alaska. the director of fema is on the way to assess the situation. this really caused a ripple effect throughout the city. you saw pictures of roads erupting, the either below exploding through the asphalt. buildings, bridges, traffic lights, street signs all swaying. the president has been briefed on the situation and is monitoring it. it has caused a slowdown though. alaska airlines, the state's largest carrier, has a pause on service in a ground stop. we heard from senator lisa murkowski who said the damage from infrastructure will still be tallied up. so far no horrible news on that front. she is concerned about power outages in the dead of winter happening in alaska. >> early reports are very concerning in terms of damage to
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infrastructure. the roads, the concern about power being out. it is cold at home right now. we have got resources coming together as we speak. this has been a very, very, very, hard wake-up call for the population center of our state. reporter: a tsunami warning was issued and then canceled by the national tsunami warning center. alaska gets about 40,000 earthquakes a year but many alaska residents say this is the most powerful one they felt in at least a decade. some people are still feeling it. there have been multiple aftershocks rippling through the state. 15 so far have been counted and meteorologists say they could be feeling aftershocks from this major quake for years, connell. connell: it's a bad one, obviously. the worst of the worst was 1964. had a more 9-magnitude earthquake in the anchorrage area. thank you, hillary vaughn.
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the biggest leaders in the world as we've been talking about argentina, how this impacts relationships between russia and saudi arabia. we'll talk about that, probably saw the handshake. it has gone viral. i think they're calling it -- i don't know what we can say a -- some people call it a bro-five. mbs and putin. more to come on that, special counsel robert mueller contemplating to bringing new charges to a former trump campaign member. what it might mean for the president with alan dershowitz coming on to talk about that. don't go away. ♪ 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
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here so react to all of the body language, stephen yates, former deputy national security advisor, former advisor to vice president dick cheney. thank you for joining us. talk to me about the handshake first. people put all kinds of things underneath about these guys really broking it up. what do you take from that? >> super unusual, not something you see at one of these august summits. obviously there has been talk there would be context before this happen, beyond my comprehension, actually. two leaders had meetings canceled. maybe they have extra time to be flippant about it. but substantively this is the problem, if we follow basically what the critics and the liberal playbook is, by just icing russia and icing saudi arabia, you push other countries together, they will follow their own national interests in ways that probably will lead to worse
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outcomes than if we're directly engaged, involved in trying to shape those. melissa: that is an interesting point. when you isolate someone they turn and go buddy up whoever your enemy is. that is a great point what that was. now the group photo. everybody is trying to analyze who is standing where. first of all president trump, on either side of him he was one of his bestties, japanese prime minister, shinzo abe and french president emannuel macron, sometimes his bestty but they go back and forth. he wasn't next to the host, for example. >> that is a little bit unusual. but sometimes i feel like i'm going back to the cold war and we're doing kremlin-olgy, what leader will disappear tomorrow and who is rising in power based on public photos but you're right of a sweet and sour
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relationship he had with macron. there are a lot of complicated relationships in this one. where does the saudi leader stand given all the news cycle. who is standing by him. melissa: look at that, way, way, way off on the edge in the back. >> sure it was total accident. melissa: right. >> there is question of who is standing by putin. so there is, i imagine, a really complicated game of tetras, how these pieces fit together. in reality they look at who is next to whom, that is not a bad flanking for the president. he has been working over macron in some ways. you're right, we have a very, very solid personal relationship with shinzo abe, the u.s. aligns is strong. that is key to issues the president is dealing with at this summit. melissa: let me ask you, do you know, is every single spot assigned and do they ever go rogue and not stan where they are supposed to?
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i can't imagine someone is standing out from the sidelines, president trump, excuse me, you're not supposed to be there, you are supposed to be here, yank. they usually ignore it. how do they go? >> these are scripted. there are markers. every movement is charted for everyone of these leaders. i remember one moment working for vice president cheney he made it very clear to me i was hired to give him advice, he was under no obligation to take it. some of these leaders feel that way when they're told this is where you're going to stand and sometimes miss the mark and mix it up. of course they were right. melissa: i can imagine telling vladmir putin exactly where to stand and him listening to that, not doing exactly what he wants, right. stephen yates. thank you, good stuff. appreciate it. >> thank you. connell: president trump had that moment in europe, nudging his way forward. everybody got on him after that. they watch this stuff very closely. melissa: there are egos involved, you're saying? that is so weird.
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i had no idea. connell: when we come back we'll talk to liz claman about her conversation with the trade rep as we go back to buenos aires. the big question whether president trump is able to leave the g20 with a china trade deal or framework set up. we'll talk about the odds of that happening when we come back. ♪ an august to remember,
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our liz claman is there covering it for us. she joins us now. i've been wondering all day, liz, the comments robert lighthizer made, the u.s. trade rep, when you asked him a question early in the day much. it moved the market. it is off-camara interview. i wonder if the investors got the tone he was saying right? can you take us through what he said when you talked to him earlier? liz: absolutely. it was on the record, off camera, pen and paper. they call these things it happened after the signing of the usmca deal where on the stage we had president trump, prime minister trudeau and nieto, the outgoing mexican president he was up there. it had been a little acrimonious leading up to the months and months of and the last minute -- trade representative robert
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lighthizer hawkish about trade, right on the same path as president trump, he came out and spoke to the press gaggle. it is funny how you can win for losing. i kept raising my hand, raising my hand. he was asking other people for their questions and finally the last question, already they had talked about steel tariffs with canada and some of the other issues. so i said, let's spin it forward. you just had this moment here that looks like a victory for the three nations signing this deal. tomorrow night is that dinner with xi xinping and president trump. can anything really get done at a dinner party? and his exact words? this is where, you know the wires just pick certain parts of it, he said i would be very surprised if the dinner wasn't a success. i believe it will end with a very positive feeling. u.s. markets were not open at this point but european markets were, connell. they turned around, moved higher. look on the ticker right here. we had a very strong move in the last couple hours after
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president trump spoke to the cameras here at g20 in buenos aires justs he was meeting with shinzo abe of japan. here is what he said that gift markets even more momentum. >> we're working very hard. if we could make a deal, that would be good. i think they want to. we would like to. we'll see. but we'll be meeting with president xi in a little while. but in, for the most part tomorrow i would say would be our big meeting. but in the meantime our people are working, our staff is working, we have a lot of talented people working. larry kudlow's representatives are dealing with them on a constant basis. liz: got to be a careful here. a lot of president's supporters who are hawkish on this, say don't ease up on the chinese until you see real remedies. now i'm not sure they're going to have real remedies come out of this meeting tomorrow night but of course president trump has a busy day leading up to it. he is meeting with angela merkel of germany.
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no doubt tariffs on foreign automakers, daimler-benz, bmw, vw, that is certainly something she wants to discuss with him. we'll watch all of this, and the big moment tomorrow, early earning here. two hours ahead of eastern time. connell: see if they come out with a good feeling. use robert lighthizer's term. liz claman. thank you. a we have the international center of trade and economics to follow up on that. from your perspective, ambassador, what would a win look like for president trump after tomorrow night's dinner? >> i think there are a couple of things that are very significant that china might be in a position to offer the united states at this time. one would be progress on intellectual property. we had a awful lot of problems with thefts of intellectual property. chinese expressed some willingness in the past to take action against that. another area on forced technology transfer, where i
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think the chinese might be willing to change their policies. on the other hand china spent, you know, decade investing in a centrally planned system. they're not going to be willing or able to unravel that in the short run but perhaps we can get started on a pathway at this meeting. connell: i want to ask you about that. i find it -- we're looking at some of the tariffs in place but in a second, on the transfer of, forced transfer of intellectual property, stealing of intellectual property those are huge issues for american companies but i find it hard to believe a chinese negotiator would say, hey, you know what? you got us. we've been stealing for years, and we'll change. we'll not steal anymore. how does diplomacy around that work? you are asking essentially for them to admit they're stealing from us? >> china the past already agreed there have been problems in this regard. they changed their laws in some respect. they signed on to international
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ideas that intellectual property needs to be protected. they just haven't implemented their previous commitments very well. so it is not a huge step for them to say, okay, we're going to do better. we'll put more resources in this. we'll solve these outstanding cases in favor of the u.s. companies right now. connell: what you say, there is a reason to keep an eye on them if they do say that because if they haven't followed up in the past what's to say they will say something, you know, tomorrow night and then maybe not follow up in the future. now on the u.s. side, what will president trump be willing to give on, do you think? is it tariffs going from 10 to 25%? hold off on that? or does that go into effect no matter what. he holds off on new tariffs on $267 billion worth of goods that he threatened? >> i think there is certainly the possibility he could hold off on the new tariffs that are threatened to go into place january 1st. that's something china would be,
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i think very happy to see, not happen. connell: right. >> on the other part, i think the administration will want to keep pressure on china, and that's appropriate. you're right, that we haven't seen china live up to its commitments in the past. an we're going to take, i think, administration will take a much stronger approach towards holding china's feet to the fire in any agreement going forward. connell: does seem as a final point the optimism ahead of this, what liz claman was reporting, what others are saying throughout the day is building. people are now expecting something. what odds would you put on a complete blowup, nothing happening this weekend? very low odds now do you think? >> i think give the things we've heard from both the president and from ambassador lighthizer, there is a pretty high probability that we'll have some kind of reasonably positive outcome to this. i would be very surprised if there were a huge blowup and a
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negative outcome. the president has his entire trade team down there. i would be surprised if that group collectly would allow this to degenerate into an all-out trade war with all the negative consequences that would flow from that. connell: including market reaction, as soon, i don't know, monday morning or sunday night. ambassador thanks for being on. we appreciate it. melissa: we can hope. connell: that is all we have to go on. in a moment we're watching the situation in alaska we talked about earlier, very, very closely. terrible earthquake earlier in the day today. we actually are going to talk to a resident of anchorage who witnessed the quake first-hand. that is coming up next. so all... evening long. ooh, so close. yes, but also all... night through its entirety.
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when president trump shots down with xi xinping to talk about trade as we've been referencing throughout the program. they have all hands on deck dinner this evening. from what we understand president trump himself has not yet arrived. he spent a few hours of down time, such as it is at an event like this at the hotel. he is now on his way over to the dinner. some of the other world leaders have now started to arrive. the president himself will be arriving in just a few minutes. we'll bring you the news as it comes in from buenos aires. back to the coverage of dire situation in alaska. the video you're looking at now, shows the moments, actual moments the earthquake struck earlier today. you can see the car shaking there. this video was captured by our next guest's security camera, at his home. we're joined from anchorage by resident, gary, who, that is other video, gary, i guess we showed a few times of a local highway. i believe an off-ramp near the
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airport came apart. one car right in the middle of it. tell me about your experience where you were, what it felt like, earlier today. >> i was having my second cup of coffee, when the house started shaking violently and generally we get earthquakes in the mid 5 range for about 10 seconds. when this went past 10 seconds and started getting even more violent, i started getting afraid, started to head out of the house. so it was, it was very frightening. connell: how did things turn out? how does the house look? >> the house was fine. we lost a few glasses on the counter. other than that we're fine. and, my wife is fine. everybody, that we know is fine. i haven't heard of any injuries. which is just remarkable, seeing some of the damage that has been done. connell: that is the thing. that really, truly is remarkable. we want to be careful, you never know, until you get through a night or two, what really went
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on. some of these pictures are awful. they may be isolated. you haven't heard of anybody getting hurt, even friends and neighbors. have you spoken to people throughout the day? >> we have a pretty good network. no one we heard of has been injured which is just amazing. connell: that is great. that is really amazing. what about power, that kind of thing, getting around, is that difficult? >> well the power in my place stayed on. i don't know about downtown. downtown soils are a little more silt, so they shake more. i'm more on bedrock. we don't shake that much. there has been intermittent problems with the internet. that is about all. totally shocked. connell: could have been, i know everybody is probably telling you today, obviously could have been a lot worse. if you wanted to get out to drive around, that challenging, can that be done, do you know? >> initially the roads were blocked because everybody downtown was just headed home.
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and. a lot of parents were picking students out of school. so roads were blocked. some freeways are still blocked. the freeway north of town, i believe they're still diverting traffic and south of town, the freeway going out of town is blocked in areas. you can see from some of those photos. connell: we're seeing some pictures from a local television station, ktva. there was obviously structural damage done or at least internal damage done to some of the buildings. we'll next few days we'll get full reports. the president promised full resources of the federal government in response. gary, as you say you're very, very lucky. thanks for calling in. the best next few days. >> thank you for your concern. connell: anchorage, alaska. melissa: that is good too hear. that contradict as lot of pictures of damage we've seen elsewhere. connell: you don't know what happened to some people in the cars. you get a lot of stuff on twitter, elsewhere. it looks bad, from gary's point
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of view, it could have been a lot worse, much, much worse. former long time attorney for president trump, michael cohen. more charges could be brought against another trump campaign official, paul manafort. alan dershowitz joins us what that means or might mean for the president. he's next. place, the xfinity xfi gateway.
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melissa: all right. we have breaking news for you right now. we're finding out the decision on james comey, whether or not the congressional hearing in which he was supposed to have testimony behind closed doors, that was scheduled for monday. now we're hearing that a court is going to decide whether or not they're going to enforce that subpoena. maybe whether it will behind closed doors. they will decide that at 10:00 a.m. on monday.
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we'll hear from that judge. joining to us talk about all of this, is alan dershowitz, harvard law professor, author of the case against impeaching trump. what do you think the judge will say on monday morning? >> i hope he should say the inquiry is open. the american public should see everything. there should be no secrets unless there is good reason for secrecy. let comey testify. let him be examined by both sides. let the public judge whether he is telling the truth. i don't see any particular reason foreclosed door. if there are classified issues they can go behind closed doors. in general the testimony should be open to the public. that should be the presumption always. the public gets to see and hear unless there is very strong reason for keeping it secret. melissa: we heard those being in the meeting. that is not the issue. they would be happy to tape record it and air it immediately
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afterwards. the problem is really when you sit in front of lawmakers each side has five minutes. so you can't really press on. i mean you know that well, from litigating yourself. that you want to be able to follow up, follow up, follow-up. and not let the person kind of escape in five minutes. that that's the reason they want to do it elsewhere. do you buy that? >> that is not something for courts to decide. congress has the power to make its own rules. i don't like those rules. i hate idea of five minutes. you see filibusters, no follow-ups. melissa: right. >> you see the worst questions because these congressman are not good lawyers, many of them. those are rules of congress. i don't see the court real authority to decide what the best rule should be for congress. i think congress makes rules. courts come in only with violation of constitution or violation of a specific statute. melissa: let me turn you to some of the other news of the day. special counsel robert mueller's team saying they're considering pressing new charges against
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president trump's former campaign manager paul man -- paul manafort. after michael cohen reached a plea deal. the issue is since lied after they plea deal. they want to break up the plea deal. what do you make of that? >> >> i can't understand his, manafort's lawyer tactic here, if you cooperate you have to cooperate all the way. you have to tell the complete truth. you can't be a half crop traitor working with the -- cooperator, working with the trump legal team all the time and have to tell the truth. please plea deals i never make them because they get ultimate authority for prosecutors to decide who is telling the truth. the prosecutor has vested interest in one version of truth rather than another. i think manafort is in deep trouble. melissa: so it is possible that the prosecutor is saying that he is lying because he doesn't like
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the answer that he is given? or does he have to have something to corroborate the fact that he is saying, that manafort is lying? >> look, prosecutors are mostly honest and honorable people. i suspect they have good information but they don't need it. all they have to do, say he is lying that is enough. they don't have to prove it. they don't need corroboration but i suspect any good prosecutor, there are people in the mueller office who are very honorable people, they will not just make up a story, breaking the deal unless they have a good basis for it. so i suspect they have a pretty good basis for making, reaching the conclusion that manafort is not telling them the whole truth. remember it doesn't have to be a lie. could be refusal to disclose information that as part of the deal he was oblige toddies close. but i think they are saying he is lying. they could charge him with additional crimes of lying to prosecutors. melissa: those are the reports. we don't know for sure. we'll see. professor dershowitz.
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thank you for your time. >> thank you. connell: pressing pause. soybean farmers have been actually storing their products hoping the prices recover after they have been hit hard by tariffs. all of this is happening as the trade talks are underway at the g20. the big dinner tomorrow night, president trump and xi xinping. we'll take you to a soybean farm next.
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connell: still waiting for president trump to arrive at the g 20 tonight as get the live pictures from outside the area there, the cars coming in. i will tell you, tomorrow night's dinner is everybody watching it closely. nobody watching it more closely than soybean farmers. jeff flock is on the ground today in illinois where the beans are waiting for a buyer. hey, jeff. >> i will tell you, i'm surrounded by not only beans but corn too. this is a whole big pile of corn that's being stored outside because the beans are taking up all the storage right now. not only in the bins but over
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here, look at this. these are giant tubes of -- bags essentially of soybeans. first of all, storage, in this country, soybeans, twice as much storage at the end of this year, beans in storage because the chinese market has almost completely gone away. exports down 97% because of the tariffs. and so that's why they are watching so closely and hoping that we get some sort of an agreement. and, you know, as i said, corn stored outside, look what happens when you store it outside. it's growing down here. look at this. this is corn that's growing. they don't want that. it's also getting rotten. look at this. if i dig down in here, that corn is rotten. that's no good. that goes away. prices for both corn and soybeans largely down, praying for a deal. connell: hurting for a while.
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we will see how long they can last. thank you, jeff, good stuff as always. keep an eye on buenos aires as well. that does it here. melissa: we were watching it going into dinner. david: this is bulls and bears. thanks for joining us. i'm david asman. on the panel today, we have heather, jonas, susan and foster with us. let's take a look at live pictures of the leaders of the world's biggest economies that are coming together in argentina. this is the g-20. there you have the saudi arabian crown prince who is you should the spotlight for a -- who is under the spotlight for a number of reasons. we have a picture eventually where he did a high five with mr. putin from russia, that was strange. on the left side of the screen, you see the saudi arabian crown prince visiting other
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