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tv   After the Bell  FOX Business  December 10, 2018 4:00pm-5:01pm EST

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hopefully we get some progress. imi'm not raising bull flag on equities. liz: neil hennessey and jack mcintyre. quite a comeback after dipping in correction territory for the dow, s&p, and nasdaq. all positive. connell: huge reversal on wall street. another very interesting day with the major averages turning green across the bored at the finish line for the day. the dow ending higher by 31 points. remember it was down more than 500 early in the session. melissa: amazing. connell: every day in its own way is amazing for this market. the average ended in positive territory. s&p 500, and the nasdaq, strong finishes for both. nasdaq, where we saw the strength. connell mcshane. melissa: i'm melissa francis.
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we have president trump on the hunt for new chief of staff as congress races against the clock to avoid a government shutdown. there is no deal in sight. ahead of high stakes sit down between the president, nancy pelosi and chuck schumer tomorrow. chuck and nancy. we're live with the white house with the latest on that one. protests shut down the eiffel tower. nearly 1000 arrests during violent riots in paris. french president emannuel macron is breaking his silence. addressing the nation this afternoon. little, too little too late there, maybe? google's turn in the hot seat. tech giant ceo will face lawmakers tomorrow amid a series of scandals, including alleged bias against conservatives. what to expect on capitol hill. connell: a lot going on today. in the market as lot going on intraday with the dow recovering after being down more than 500 points early. follows british prime minister
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theresa may's decision to postpone a key vote on "brexit." fox business team coverage of all this. ashley webster in london, gerri willis at the new york stock exchanges and edward lawrence in washington d.c. ashley, since it is late there, we start with you. ashley: it is never too late, connell. it was interesting up until the very last moment uk prime minister theresa may said she would go ahead with this vote, clearly the storm clouds had gathered to the point where we knew her "brexit" deal was not going to pass. finally she came into the house of commons, mid-afternoon, in the building behind me. so take a listen. >> as a result if we went ahead to hold a vote tomorrow, the deal would be rejected by a significant -- [shouting] we will therefore defer the vote scheduled for tomorrow. ashley: we shall therefore defer the vote, not postpone, suspend, she will defer it.
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now the prime minister has to go back on the charm offensive. she will be in the netherland meeting the leader of that country trying to get some support to enable her to go back to the eu leadership to try to get a sweeter deal. she will probably be in brussels thursday when the eu holds a summit. the problem with all this, the eu is very clear, they said it again tonight. there is renegotiation of the "brexit" deal. we gave you exactly what we were going to give but no more. now mrs. may has to fight for "brexit" but fighting for hi own political life for leader had this government, a country so divided over this issue. so many questions, and very few answers, guys. melissa: it's a mess but you look very dapper ashley. gerri at the new york stock exchange. >> guys, that's right. big 500-point move for the dow early in the day. we were talking about the possibility of correction in this 30 stock index. not now. we're up 34 points at the close.
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good news for stocks. i want to call also about apple this morning. it led the dow lower before that big turn around. why? because of a lawsuit that a chinese court decided against apple brought by callcom. patent infringesment was the tonic. the court found against apple, that they couldn't sell iphones uses ios 11. the new phones are filled with ios 12. there is not expectation they will have big impact on apple handset sales in china which is responsible for about 16% of the company's sales. so i have to tell you a lot of concerns and worries looking at the decision because it is the first by a chinese intellectual property court that would stop handset sales by apple in the country. meanwhile oil down. why? because morgan stanley and citi cutting their forecast for oil. morgan stanley moving it down to 10 bucks a barrel to 68.50.
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that weighing on oil today. lots of stuff going on today. you couldn't have forecasted this if you wanted to. back to you guys. connell: seems like every day is that way, one way, shape or form. gerri, thanks. liz peek, foxnews.com columnist, fox news contributor. dan mitchell here today co-founder for center for freedom and prosperity. for "brexit," just on market action, ebb looking for reasons why things are happening. what do you make of intraday bounceback, from down 500 to up 34. there is a lot of computer-driven trading going on about what you is your impression going on? >> there are some issues weighing on the market but at the end. day stocks are much cheaper than they were three or four months ago. earnings estimates have not come down. people looking at slower growth than anticipated a several months ago and year thereafter and earnings are expected to go up. at some point stocks get cheap.
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i think that is what motivated people today. let's face it, the issues are unresolved we've been talking about here, oil prices, "brexit," et cetera. there are no answers. connell: right. it wasn't like any big headline came out. >> that's right. connell: and solved at this of those issues. in fact more uncertainty was created, dan, on the "brexit" front. how important for that is it for investors here? hard to see the outcome according to ashley's report that would be a positive for global markets? >> there is no question we have a lot of short term uncertainty because of "brexit." in fact theresa may is against "brexit" but is negotiating "brexit" with the european commission. like one party having the other party handle their negotiating tactics. it's a mess. there is no question about it. i still think regardless of "brexit," the number one threat to the market, to the economy, the number one threat is protectionism. "brexit" is just a hiccup. connell: it is the story of today, not the story that
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carries the day. do you find that important? >> i do. trade negotiations have giving us seasickness in the markets. a positive comment from one chinese official. it went up. who knows he stumbles on his way to the office and the market goes down. it is really pretty fraught and many people weigh in and they have no impact. connell: we're not rooting for any chinese officials to stumble on the way to the office. >> there you go. connell: dan, liz, thank you. stay with us. melissa: edward lawrence is live in washington with the latest. edward. reporter: put this into draft terms china is now on the clock. u.s. trade representative robert lighthizer says march first is the first deadline chinese to have something substantial how they meet u.s. concerns on trade. they want chinese protection of u.s. intellectual property and stop the forced partnership with
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chinese companies or the tariffs will go up on $200 billion for the chinese goods from 10% to 25%. now representative steve scalise on the energy and commerce committee says this is a perfect time to protect and level the trade playing field. >> it's all been about china really. when you talk to allies around the world. they all know china is the real big fish that you have to go catch if you get free trade. so the fact that they have got this 90-day detente, hopefully means they're getting closer. i don't want tariffs being used long term. reporter: market is trying to work out if this leads to a deal. the chinese are forced to sit down at the table and talk because their economy continues to weaken. since the meeting between president trump and president xi the chinese government released new regulation what is would constitute stealing property proper and a host of consequences for dealing with it and we'll have to see if the follow through is there. melissa. melissa: thank you, edward.
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elon musk again, speaking his mind with little reservation how he feels about the sec. take a listen if you feel brave? >> i want to be clear. i do not respect the sec. i do not respect them. >> but you're abiding by the settlement, aren't you? >> because i respect the justice system. melissa: liz? oh. >> hard to know where they go with this. elon musk keeps putting his foot in. i don't know why he is tempted to do that. his shareholders are bearing the burden. i don't i know his stock was up. elon musk got off scot-free basically lying about potential financing. i think it is appalling that he has overconfidence, let's say in his sort of untouchability. i don't think he is doing his shareholders any service whatsoever. melissa: dan, i moan why don't you just go on tv, you know, dare the irs to come after you while you're at it? >> i'm not sure it was very
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smart on his part. look, there are things i don't like about the sec it is a top-heavy bureaucracy. melissa: careful. >> budget gone up 80% plus in the last 10 years. it really hinders entrepreneurs getting access to capital, but, elon musk got in trouble because he said things that you're not supposed to say under the rules. so to me, whether the sec needs reforming that is in one box. elon musk is not the person to lead that charge. that is in another box. melissa: maybe he down respect them because they let him off too easy and he knows what he did and he really didn't get punished for it, liz? >> i think is exactly right. i was sort of thinking this is the gary hart moment. tempting them to come after him. they could. i really think again he has a lot of people who are depending on the success of tesla, on spacex, et cetera, and he himself did he pen denned on those things. i think this is unbelievably foolish. i don't know what game he is playing. melissa: thanks, guys.
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connell: make one of those, a gif with you putting your head, use it when things are crazy. melissa: insane. insane! connell: tough to explain. we're going to france, speak of things tough to explain, paris witnessing fourth weekend of violent protests with a rise in the fuel tax. today president macron came out and made some promises intended to calm that nation which is on edge. dan henninger joins us whether that plan will end up working. >> plus president trump announcing his chief of staff john kelly is set to leave the white house, so who is the best person to take on the highly critical role. former governor mike huckabee has a few people in mind. who will he tell us is the best suited for the job. connell: interesting. winter storm slamming the southeast, leaving more than 200,000 without power. we're live in north carolina where residents there are struggling to recover. ♪
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♪ you're not gonna say it are you? melissa: addressing a divided nation. french president emannuel macron hoping to restore calm, making a series of promises in his first national address since protests erupted over tax hikes. deirdre bolton live in the newsroom with more on this one. reporter: the french president acknowledged the emotion of people on the streets without condoning violence against police. >> i feel the anger. give us another chance. give a chance to the couple that needs to wake up in the morning and travel for a couple of hours to work far away from their home. give the single woman the single mother, the chance to make ends meet. we have to take this into
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account. reporter: melissa, the idea here the french president who has been accused of being elitist, would show empathy, would show compassion. as you know paris has been burning literally for weeks. police have been in street battles with protesters. they are hurling missiles. torching cars. looting national shops. nearly 2000 protesters were arrested. the president made concession. he announced wage increases for poorest workers. tax cuts for pensioneers. he announced he would not put the fuel tax increase. that was the last straw for so many french citizens. it would be the equivalent of 30 cents more per gallon for gas. he blinked on the gas tax and but said he would go for reform. he ran ton making the french economy more competitive and pensions and school systems and number of civil service jobs. this is the at heart of the
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french economy. 20% of the french population works in some form or another for the state. he said he wants that number to be lower. he has spoken about reducing job protections. it is so tough to fire workers in france that employers, rather, often hesitate before hiring that just slows the process down. macron has spoken in the past about cutting red tape for business. a lot of france's best and brightest, they go to berlin, london, new york, silicon valley so they have this brain drain going on. he spoke about being committed to repealing the wealth tax. this is huge, controversial, it feeds his critics. they say he sides with the rich. he says he wants the tax repealed but the highest earners will pay their fair share. melissa, sum total, the violence will calm down based on concessions that he offered today, but he has such a long road ahead between the left and the right and him essentially getting squeezed in the middle.
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back to you. melissa: i hope everyone around the world is taking note, what caused this and it is just amazing. reporter: there are a lot of factors at play. one of which they have the cradle to grave social services which are very generous. it works fine in smaller countries but when your population doubles or triples as france's had, it's a burden. melissa: deirdre bolton thank you. connell: let's talk more about this with dan heninger from "the wall street journal," editorial page deputy editor, fox news contributor. macron today did do enough with this speech? is. >> i would say raising minimum wage and a few tax concessions is not enough at all. he made a mistake. big political mistakes have consequences. emannuel macron was going to put in motion a plan to rationalize and modernize the french economy. all of sudden he decides he will raise the gasoline tax on people, he says to mitigate, do
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something about climate change. keep in mind this is a country, france, that has the highest percentage of taxation as a percentage of economic output across europe. 46%. youth unemployment is above 20%. and now he is going to raise gasoline taxes to do something about climate change? it was the last straw. it wasn't enough to precipitate these kinds of riots but it was the final thing. connell: what about calming things down at least in the near term. see what happens next. this is not a popular politician with approval rating in the 20s. france is a nation of. the french unions are good putting on demonstrations like this and no doubt they oppose emannuel macron. connell: which way is this country going politically? macron would tell you, to
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deirdre's point he is stuck in the middle he is a centrist. is he in terms of what we consider being a centrist? who would you care him to someone you're watching, he is compared to x? who is remand all macron? >> he is like a centrist democrat. he is committed to some extent to the welfare state. he understands france has no future until it is able to grow again. compare him to donald trump. trump comes in office after eight years, low growth, high unemployment under sort of a centrist, i think obama was leftist, that kind of personality, again -- genuflecting towards the market. we had high youth unemployment in the united states. trump deregulated economy, a significant tax cut, the economy is boomed. i'm not sure that avenue is available to emannuel macron in france after decades and welfare policies people have become used
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to. connell: if he wins out in the long term and french definition after centrist, which way does the country go? does it go to the left or go to the right? >> i don't think it goes to the right. it probably goes to the left. that is the danger in the united kingdom. if theresa may fails, jeremy corbyn, hard left will come into power. that is angry reaction to the population but it will make things worse. it is hard to be optimistic what is going on in france in general. connell: are you worried as europe sort of a broad worry? >> i am worried. the question have they gone too far that they can't improve their economies to provide economic opportunity to people across the population? the elites benefited and people in middle and lower middle classes did not. connell: dan, thanks for the analysis. appreciate it. melissa? melissa: bracing for tough questions.
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google's ceo set to testify tomorrow following another data breach. accusation that the company is silencing conservative voices. why the issue is expanding across party lines. track drag down ahead of the holidays. amazon latest move to get rid of online scammers. 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.
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melissa: amazon fighting back. the online giant a cracking down on a barrage of seller scrams during the holidays. hillary vaughn in los angeles with the latest. hillary. reporter: hey, melissa. some sellers on amazon are playing dirty, using cutthroat tactics to take down their competition online. amazon is aggressive going after any sellers trying to unfairly sabotage their competitors. amazon fired some of their workers for taking bribes to hand over inside data to third party sellers all because they want ad leg up on their competition. they could be facing jail time
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because amazon says they are prepared to take legal action against their employees who will violate their code of ethics. amazon saying in a statement, we hold our employees to a high ethical standard. anyone in violation of our code faces discipline, including termination and potential legal and criminal penalties. amazon says they have zero tolerance for bad actors that includes any of these sellers that paid for this inside info. they're prepared to take them to court. in addition to kicking them off-line. with holding funds. amazon says some lenders are leaving fake bad reviews on rival as products to discourage shoppers from buying. they're abusing amazon's system to flag real products as counterfeit, which triggers auto review from amazon, taking the product off-line for a little bit until amazon can confirm if it's a fake or not. in the past few weeks amazon deleted thousands of suspect reviews and using machine learning to preempt and block
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the bad behavior as it is happening. melissa. melissa: hillary, thank you for that. connell: another white house shake up. the search is on to replace president trump's chief of staff john kelly. who is likely to take what is extremely important role? who wants it? we'll talk to mike huckabee, former arkansas governor about that next. looming government shut down. president trump set to meet with democratic leaders at white house. chuck and nancy meeting as they call it. can they find common ground for among other things, the border wall? that is coming up.
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connell: leave the administration. after serving as the president's chief of staff for about a year-and-a-half, john kelly stepping down from that position at the end of the year. the search is now on for his replacement. the question is, who wants the job. the question is for blake burman. reporter: the belief was nick ayres would step in that role but he himself said he too would leave at the end. year. now both president trump and vice president mike pence will need a new chief of staff at some point presumably in the upcoming weeks. the big focus who will replace john kelly as white house chief of staff, essentially that role as gatekeeper for the west wing. the speculation is all over for this one. let me tick through a few names
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that hit the radar on this. for example, budget director mick mulvaney. he was long thought to be a possible successor for kelly. a source telling me, a source close to mulvaney, that mulvaney is no longer interested in the position. mulvaney would be interested in treasury or commerce if the president were to eventually need him in one of those es rolls. speaking of treasury, a source close to treasury secretary steve mnuchin said that mnuchin has never expressed interest in becoming white house chief of staff. his name has been speculated about. mnuchin best feels he can serve the country as treasury secretary. interesting answer from over the weekend from trade representative robert lighthizer, who did not shut the door when he appeared on "face the nation." >> to be clear, has anyone from the white house talked to you about chief of staff? >> no. >> what i am hearing from you
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that you're not interested in the job? >> i am spoke discussed what i'm trying to do and that is difficult enough. reporter: that doesn't apply for the north carolina congressman mark meadows. his name popped up in reports today. meadows incident out this statement as a result, saying quote, serving as chief of staff would be an incredible honor. the president has a long list of qualified candidates. i know he will make the best selection for his administration and for the country. here is what is very clear right now, connell. we do not believe there is a front-runner at this point. connell: you had me going. i thought you were going to say something else. melissa. melissa: here to react, governor mike huckabee, former arkansas governor, fox news contributor. you have intimate knowledge what it is like to work day-to-day with the president. of course your daughter had a very successful stint there as press secretary. so i'm sure that you have a good sense what it would take in order to do this job well. what are some of the big
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qualities you think that maybe people aren't talking about? >> well i think first and foremost is loyalty to the president and the ability to keep a confidence. i think john kelly served serven that capacity but a person has to manage something big, have the background to understand how a large organization works, and quite frankly the chief of staff has to be, forgive my language here, they have to be the sob in the entire operation. the president delivers good news. the chief of staff delivers bad news. the president hires people. the chief of staff fires people. the chief of staff is not there to change the president but to make sure that the president's job, his work, his message, gets through the staff and through the government in a way most effective. not to see if you can ride herd on the president or make him quit tweeting. take all of his strengths, make them all work for the benefit of the country. melissa: some people most
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successful for him are military generals and women, what do you think? >> i think that is true. he has great respect for women who are strong. he has great respect for people who have accomplished something significant in life, whether it's a four-star general, because a person doesn't get four stars on their shoulder by being lazy or being incompetent. he also has great respect for people who have been successful in business. so it could be somebody who embodies several of those qualities and capabilities. i think it could be a governor, melissa. because governors managed -- melissa: like you? >> no. not like me but maybe like sonny perdue or perhaps, maybe there is some other governor out there, chris christie. a whole host of people i think would be well-qualified to do the job. i got a lot going on right now. i ain't got time. melissa: i would say. you threw two names out there, perdue and christie. are those the people that you think would be best suited or do you want to throw some other
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names out? >> i think there is a whole host. ultimately the most important quality is not what i think or anyone else, is, does the president have confidence in this person and does he trust that person? will he listen to that person? because the chief of staff has to be the person that goes in and says to the president, mr. president, with great respect i think that was wrong, what you just said. the president has to be willing to listen, but it has to be behind closed doors. the chief of staff can never go out and say, let me tell you what i said to the president today. melissa: yeah. >> there has to be very unique relationship in that role. melissa: some people said matt whitaker, he is serving right now in jeff sessions' place but he is not going to be there for long. obviously somebody who served in that exact job, where he was chief of staff. obviously the president thought well enough of him in that role to put him in the spot to fill in for his former boss? >> yeah. i don't know matt whitaker well enough to know, does his
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background really lend itself to being chief of staff to this president because again till was challenge. donald trump doesn't suffer fools well. he wants people around him that he respects that will be a very key role for him to play. melissa: nikki haley is free all of a sudden? >> i think nikki haley could be a terrific chief of staff. she is tough. the kind of female he has great respect for. melissa: you said governor. i don't know. that is interesting one. mark meadows, raising his hand, jumping up and down, i don't know, do you think that is a good fit? >> well i don't know. i'm not sure of mark's managerial background. he may be well-suited for it. the good thing he does bring is loyalty to the president and i do think that is very important but quite frankly we also need him in congress. i hate to see somebody give up a position in the senate or house where every vote will be critical to take on a job unless
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we know for earn is that whoever fills it would be also a republican. melissa: governor, i think we covered some good ground. we should send this clip off to the white house and watch it, and consider some of these ideas. >> we'll see what they think. melissa: we'll see what they think. sir, appreciate your time. >> thank you, melissa. >> that nikki haley suggestion was melissa francis special? melissa: yeah. i was throwing that name out there. connell: you think of her as person running for office. a lot of those names have been in office. it will be interesting. deadly winter storm hit the southeast. nearly a quarter of a million people are without power. we'll have the latest on the ground coming next. ♪
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think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy and the power of 1-2-3. ♪ trelegy 1-2-3 save at trelegy.com. melissa: a massive winter storm bringing snow, sleet, freezing rain across the southeast causing icy roads, canceling thousands of flights, knocking out power to hundreds of
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thousands of americans fox news correspondent bryan llenas in asheville, north carolina with the cleanup efforts. bryan. reporter: melissa, it has been a tough year in north carolina weatherwise. hurricane florence causing $13 billion in damage. tornadoes, flooding, mudslides and now this storm. for the businesses in ashville, that has been very tough. they have been closed for about two or three days. we talked to one business owner who owns a mexican cantina in ashville, this area is 30% service industry and restaurants. he has been closed 2 1/2 days. this is what he had to say. >> when we close, that's a lifeline, that is a direct line to them. that could be a month's payment for rent. it could be a car payment. it is very difficult for them to recover. reporter: very difficult for his workers now especially. 76 school districts closed in north carolina because of this
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snowstorm. 35,000 tons of salt. the number of those without power was 250,000 at one point here in north carolina. the good news is, duke energy is really working hard. that number is down to 85,000 in north carolina. those power crews are out there. 37,000 people in south carolina and 32,000 in virginia remain in the dark. a year's worth of snow fell in parts of the south here. western north carolina and southwestern virginia, a year's worth of snow in one day. we're talking about a foot, foot 1/2, close to two feet in some areas, really putting areas into a standstill. there were over 600 traffic accidents too. especially this really hindered air travel. 1300 cancellations out of charlotte or raleigh yesterday. good news that number came down to about 400 today. deicing and snowplowing at the airports, things should be back to normal tomorrow. make sure people call their airlines before they go out
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there. melissa: bryan, the dangerous thing from here, now you have all of this all over the roads. are temperatures going to drop further or what are we looking at from here? >> that's right. and governor roy cooper brought up that point. the icy roads. temperatures will drop to 20 degrees in parts of north carolina. all that slush and water on the road will freeze, causing black ice. there have been over 600 accidents in north carolina. they want people off the roads. why many schools in the area remain closed for tomorrow. melissa. melissa: bryan, thank you for that. connell: a tough year for north carolina. melissa: very much so. connell: google in the hot seat tomorrow. the ceo of the tech giant set to appear before congress as controversies continue to act as a cloud over that company. what we can expect is coming up next. ♪ . i don't want any trade minimums. yeah, i totally agree, they don't have any of those.
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connell: it's a tumultuous time for tech giants. google confirming a data breach affecting 52 million users on google plus. they will shut down what has been a troublesome social network, four months earlier than planned. google plus going away, just before ceo sundar pichai is going before capitol hill talking about various issues related to the largest search engine in the world. ahead of that adam lashinsky, forbes news editor and talk to us about google. we can break it down to one or two issues and start with privacy. we alluded to that. is this a mark zuckerberg repeat for the google ceo. how do you think it will answer questions about privacy? >> it will not be a mark zuckerberg repeat because it is
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difficult to pin this sort of egregious democracy breaking actions on google. even facebook, more difficult for members congress to articulate privacy concerns they might have about google. my point, google's issues are more esoteric. and the conversation will be a little less emotional or, exciting. connell: yeah there were issues with the understanding of technology from some of the members of congress with the zuckerberg hearings but they tried to go after him on those issues. one thing we see on facebook, maybe we see from google, the idea, you know what? regulation in this regard is almost inevitable? >> well, this is a very savvy company. and, of course, the united states is the least of their worries right now. they're far more concerned about what regulators in europe are going to do to them. yes, if your point we should
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expect pichai to be accommodating of the members of congress i think we will because, remember, as soon as he off, as soon as cameras go off his legions of lobbyists will go in and say, not so fast. i will look for public comment along those lines. connell: they will hit him on couple other things. one will be china. google is making these plans supposedly set up a search engine in china opened to be censored because it is china after all, so how does he handle that? >> i don't know. that could be the most interesting topic they discuss. you have a one company case study about the difficulty of operating globally. google left china more or less voluntarily while other multinational companies were trying hard to get in china. they said somewhat self-righteously we'll not allow them to censor us. now they appear to be back. at very same time we're not so sure we want to work with the united states defense department. connell: right. >> so i think, you know this, is
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congress after all. let's not get our hopes up. but it could be a very intelligent conversation asking a important company why now. how are you thinking about this? connell: you're right. don't get the hopes up. because of the house hearings you hope for intelligence and you don't necessarily get that. on final political point, you have a guy in pichai, who is an engooer by training, coming out of google a product guy, not a political guy like eric schmidt who ran the company for years. how will he handle the accusations that google is biased particularly against conservatives? you know republicans will bring that up. >> he is not american-born but apolitical type of executive. this is the most explosive but least substantive issue he might discuss, in that we i think we know that what google really cares about is algorithms is
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making money. he could care less if it's a chimpanzee or republican, whoever, paying the money. he will say that far more politely i just said. he will stress the algorithm is a math equation and it can't be biased because, gosh, we're just trying to provide the best search result. connell: matter of how he explains it, whether he provides openings to come back at him. adam, if you're watching tomorrow, thanks as always. we appreciate it. >> my pleasure. thank you. melissa: crucial face-to-face meeting with nancy pelosi and chuck schumer, they are hoping to walk away with something extra to meet with president trump tomorrow. we'll discuss what that might be 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
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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.
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>> here's the problem. you got the democratic leader to be in the house calling border security and moral. if i'm president trump tuesday president trump tuesday i would tell nancy pelosi and chuck
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schumer or that we are going to build a wall where it makes sense. if i were the president i would dig in and not given additional wall funding. i want both 5 billion because the caravan is a game changer. >> senator lindsey graham osburn president trump so nice to have been made when nancy pelosi and chuck schumer at the white house or at lest bergen fox news senior capitol hill chat program. what you think about you think of that adviser lindsey graham? is any portion of that possible? >> welcome is lindsey graham has president trump another president trump as there'll be a partial shutdown in a week and a half. they just won't abide any wall funding. i asked house minority leader nancy pelosi on thursday morning, i said would you agree to some degree of wall funding if you were to get a daca and she said no. democrats seem to be more amenable to go along with this for some border wall funding.
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here's the problem, they absolutely need democrats in the house to pass a bill. the reason is there is a bill on the floor in late june, two bills in fact they both failed, that would have provided border wall funding. there is not the right mixture of votes in the house of representatives on the public inside to pass a bill with wall funding or without wall funding. however this is resolved, they have to have democrats. >> washington is so stupid. just take the word while out. everyone is for border protection. $5 billion is one 10th of 1% of the budget. it is a tiny, tiny drop in the bucket. no one in washington is afraid to spend money. it is insane. >> don't forget that nancy pelosi has to show her bona fides to liberals when that's not too long because then it shows her and allows her to flex
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their muscles to those liberal democrats who are little skittish about her being a speaker. by the same token, she can go for a government shutdown. that is catastrophic for democrats if they start the year at the government shutdown as soon as they get control the house of representatives. >> you've been around for long time. chuck and nancy are widely crew. they go over to the white house. they are wheeler dealers. do they make some kind of a deal that maybe like you said they can agree on something right now because she still got to be speaker but there's something more down the road. i mean, what comes of this meeting? >> you might hear something about infrastructure. people forget in september of last year they went to the white house. uncut video pelosi and schumer and not them. this has been done before. it's been said he sometimes likes their personalities a little bit better dealing with pelosi, schumer is a fellow new yorker. the back-and-forth in queens and
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brooklyn, absolutely. another factor emerging here come another -- a lot of chapter about mark meadows, leader of the freedom caucus and if he could be the white house chief of staff. this might be an audition for mark meadows or anybody else for that matter. you know, who can have the president have the president's ear. mark meadows is well-versed in the combat in the republican and conservative side of the aisle for those principles and that could be a factor as we approach the deadline a week from friday. >> so he is whispering in the president's ear about what he should do and if there's something successful that makes in the chief of staff. he obviously wants the job. lord only knows why it looks very difficult. chad pergram, thank you. interesting stuff to chew on. always has the insight. >> democrats and other taking over in the last chance in some ways. >> and he makes the point nancy pelosi can be a dealmaker.
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she has to be left of center in order to make her entire caucus happy. for appearance sake. there's more behind the scenes of trading going on. >> we will see you tomorrow. thanks for joining us today. >> "bulls & bears" starts right now. david: hi, everybody. this is "bulls & bears." required to join us. i am david asman. today on the panel with steve forbes, tov horvitz, and liz claman. we'll take a look at this. the dow staging a major comeback after plunging more than 500 points with chaos across the pond. british prime minister teresa maker in the future of the exit from the european union is a question at her delay that critical vote will happen today. ashley webster is in london following the very latest developments. actually, what is made doing now?

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